Gladding-Hearn completes pilot launch refit The Tampa Bay Pilots Association has taken delivery of Tampa, a Chesapeake Class pilot boat originally built by Gladding-Hearn Shipbuilding in 2003, after an extensive refit at the Somerset, Mass., shipyard. The
Davie now a partner in Canada's National Shipbuilding Strategy Canada's largest shipbuilder, Levis, Quebec, based Davie Shipbuilding has at last become an official partner in Canada's National Shipbuilding Strategy (NSS). Announcing the move yesterday, Prime Minister Justin Trudeau, said that this
ABB picked to power two new Finnish Border Guard patrol vessels Two newbuild Finnish Border Guard patrol vessels under construction at the Meyer Turku shipyard will feature an ABB integrated power and propulsion package including dual Azipod propulsors and the Onboard DC Grid
Port of NY and NJ starts year as top box port in U.S. The Port Authority of New York and New Jersey says that the Port of New York and New Jersey moved the most cargo of any port in the U.S. in February 2023
Associated British Ports Humber appoints new head of operations Colin McLoughlin is the new head of operations of Associated British Ports (ABP) Humber. McLoughlin joined ABP Humber in 2015 and has played an important role in delivering many of ABP's key operation and warehousing projects, after a career in operations management from his time with Stanton Grove and Peel Ports. As head of operations, Colin McLoughlin will now be responsible for ABP's diverse p
Dalian begins works on new MSC LNG-powered 16,000 TEU vessel Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has begun the construction of the 10th LNG-powered 16,000 TEU container ship for the Swiss shipping line Mediterranean Shipping Company (MSC). Works on the new container vessel, which will be fuelled with liquefied natural gas (LNG), started on 3 April 2023. The boxship's overall length will be approximately
Nhava Sheva Port users face tariff hikes at private terminals Build-operate-transfer (BOT) terminal operators at India's Nhava Sheva Port (JNPT) have received regulatory approvals to hike tariffs. Tariff Authority for Major Ports (TAMP) determines pricing for private terminals at major/government-owned ports. PSA Mumbai (BMCT), APM Terminals Mumbai (GTI) and DP World Nhava Sheva (NSICT) have received the nod to implement a 7.27% hike in their service rates.
Container lines' profit margins fell in 2022 Container shipping companies' profit margins hit a two-year low in the fourth quarter of 2022, as rates and demand plunged. According to Alphaliner's latest report, margins fell from nearly 52% in the third quarter to 33% in the fourth. There was a wide range of results at the individual carrier levels with Japanese carrier ONE at the top end of the range with a margin of 43.7%, while Taiwanese i
Davie Shipbuilding partners with Canadian government on newbuilding programmes Davie Shipbuilding is now an official partner in Canada's National Shipbuilding Strategy (NSS) after an agreement including an initial minimum of US$8.5 billion in shipbuilding programmes. As part of the NSS, the Canadian shipbuilding company Davie will be called upon to build the largest and most technologically advanced ships ever built in and for Canada. The initial package of work includes se
Port of Valencia sees container traffic growth in March Port of Valencia recorded a double-digit increase in container traffic, both for filled and empty boxes, in March, compared with the same month last year. In particular, the major Spanish port handled 322,137 TEUs in the previous month, which translates to a 16.7% increase over March 2022. In addition, 144,079 transit containers were operated this month in Valencia, which represents a 10.3% growt
AD Ports secures US$2 billion corporate facility deal with banks syndicate AD Ports Group has signed a General Corporate Facility deal with a consortium of 13 regional and foreign banks. The multi-currency facility, worth approximately US$2 billion, is divided into three tranches of €600 million, US$620 million, and AED2.8 billion, with a term of up to 2.5 years. The demand for the facility was overwhelming, with member institutions committing a total of US$7.4 billiofd
Mariel Container Terminal ready for 10,000+ TEU vessels The dredging of the channel in the Mariel Container Terminal (TCM) in Cuba has been completed and the Cuban box terminal will now be able to handle Neo Panamax vessels. According to TCM's statement, buoys have been moved in accordance with the new channel measurements, enabling the port to accept vessels up to 366 metres long, 52 metres wide, and 15 metres deep. "Thanks to our infrastructure, our
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Euroseas fixes panamax boxship for two years at bumper rate Nasdaq-listed Greek boxship owner Euroseas has fixed its 2009-built panamax at a significantly improved rate compared to its previous charter. The Aristides Pittas-led company, with a fleet of 26 containerships on a fully-delivered basis, has inked a new two-year deal with an unnamed charterer with two months of options at $23,000 per day. The 4,253 ...
AD Ports seals $2bn funding deal with 13 banks Abu Dhabi's AD Ports Group has signed a $2bn financing agreement with a syndicate of 13 banks. The multi-currency general corporate facility includes three tranches of $620m, €600m ($655.32) and AED2.86BN ($778.87m) for a period of up to two-and-a-half years. "The success in raising the $2bn facility reflects our profitable and enduring business as well ...
Aponte family's net worth soars Among the richest people, Gianluigi Aponte saw his wealth grow the sixth fastest in the world for the 12-month period from March last year to last month, according to a new billionaires survey carried by Forbes. The founder of Mediterranean Shipping Co (MSC), a cruise giant as well as the world's largest containerline, Aponte saw ...
CMA CGM's secondhand splurge since 2020 surpasses the 100-ship mark The two most aggressive buyers of secondhand boxships during container shipping's record earnings period of the last three years have both passed significant tonnage milestones in recent days. Splash reported on Monday on Mediterranean Shipping Co (MSC) surpassing the 300-ship mark in terms of secondhand purchases made since August 2020, S&P activity on a scale ...
Tanker newcomer Stainless Tankers targets Oslo uplisting Recently established Stainless Tankers of Norway has applied for admission to trading on Euronext Growth Oslo. The outfit, backed by UK-based Tufton Investment Management, currently trades on the Norwegian over-the-counter market after an IPO in March. Tufton carried out a $67m private placement in the company to help finance the acquisition of seven Japanese-built 20,000 ...
Plans revealed for fully electric wind farm vessel service hub in Japan A new group called Zephyrus Marine has sealed a deal with Japan-based shipyard Mirai Ships to build a zero-carbon offshore wind service vessel. A partnership between vessel manufacturers, naval architects, battery manufacturers, and infrastructure electrical charging specialists is looking to deliver a fully electric mothership that will operate as the hotel and charging station with ...
UK-patented sensor backed to help fight shipping's growing battery fire crisis The inventors of the Thermarestor, a UK-patented sensor, are pitching the technology as a way for shipping to counter the growing threat posed by the carriage of lithium-ion batteries. Many boxships and car carriers have been hit by extreme fires from growing transportation of in-demand lithium-ion batteries with class, insurers and a host of international ...
Brazil to fine seafarers who arrive without ID The Brazilian authorities have announced that they will be strictly requiring all seafarers arriving in Brazil to be in possession of a seafarer ID card. Fines of $200 for each seafarer not holding the ID will be enforced. A problem for international shipping with this new action from Brazil is that just 38 nations have ...
SSE Renewables teams with Singapore's Equis for Oz offshore wind bid UK-based SSE Renewables and Singapore's Equis Development have formed a 50/50 consortium to bid for a feasibility license to expedite the development, construction, ongoing operations and ownership of an offshore wind farm project in Australia's first offshore wind zone of Gippsland, near the State of Victoria. The partners have identified the target areas in which ...
Coastal Contracts offloads OSV pair for $65m Malaysian offshore services provider Coastal Contracts has struck a deal to sell two of its vessels for approximately RM287.3m ($65.2m). The Bursa Malaysia-listed firm has offloaded a pair of unnamed offshore support vessels via its wholly-owned subsidiaries to undisclosed buyers. Coastal said it expects the revenue stream from the latest contracts to contribute positively to ...
UMAS report details green priorities for shipping this decade UMAS, a commercial advisory service affiliated with the UCL Energy Institute at University College London, has issued a report looking at the ways in which a 1.5'C-aligned pathway could be achieved, providing some scenarios for the respective role of fuel substitution and energy efficiency in meeting 2030 reduction targets. The International Maritime Organization's greenhouse gas ...
Davie Shipbuilding given federal fillip Quebec's Davie Shipbuilding has become the third entity to join Canada's National Shipbuilding Strategy (NSS), ensuring a multi-billion dollar initial batch of orders for seven icebreakers and two large hybrid-powered ferries. "Together, we will bridge a strategic shipbuilding gap and create guaranteed capacity for future fleet renewal at Canada's largest shipbuilder," said James Davies, presiden
Shreyas buys three boxships Mumbai-based Shreyas Shipping and Logistics, part of Transworld Group, has bought three boxships. The three ships - the 2,872 teu Windermere, the 2,553 teu TS Manila, and the smaller 962 teu Sky Pride, have been renamed SSL Godavari, SSL Kaveri, and SSL Thamirabarani and take Shreyas's fleet to 12 feeders, totalling 26,085 slots. It also ...
Edouard Louis-Dreyfus elected president of Armateurs de France Edouard Louis-Dreyfus has taken on a two-year presidency of Armateurs de France, the French shipowners' association, vowing to boost the local flag and look after the rights of seafarers. Louis-Dreyfus, a scion of one of France's most famous shipping dynasties, said he would strive to work against the social dumping of seafarers. Social dumping is ...
The legal pitfalls of befriending stowaways Simon Hodgkinson, head of loss prevention at West P&I, with some uncomfortable advice for sympathetic crewmembers. A male stowaway discovered on the Iraklis freighter before its arrival at Gijon, Spain, in late March 2023 may have tried convincing the crewmembers that found him not to alert the ship's captain. If so, the 58-year-old Colombian who ...
Vattenfall takes over two Danish open door offshore wind projects Sweden's Vattenfall has picked up a pair of offshore wind projects in Danish waters being developed under the country's "open door" scheme. The projects, with a combined capacity of 765 MW, were initially introduced by the Anker Development joint venture between Green Nest Partner and Peak Wind. The first development involves a 450 MW project ...
Yara and Enbridge to develop low-carbon blue ammonia project in Texas Yara Clean Ammonia and Enbridge have signed a letter of intent to jointly develop and construct a low-carbon blue ammonia production facility as equal partners. The proposed facility, which includes autothermal reforming with carbon capture, will be located at the Enbridge Ingleside Energy Center (EIEC) near Corpus Christi, Texas. Once operational, the production facility will ...
Construction commences for wind energy project offshore Rhode Island and New York The US Department of the Interior this week announced that the Bureau of Safety and Environmental Enforcement (BSEE) has completed its review of critical design and installation reports for the South Fork Wind project, clearing the way for the start of turbine construction offshore Rhode Island and New York. This will be the first commercial-scale, ...
Ships with lowest zero-carbon fuel readiness seen as 'default' option for newbuilding orders Scarce sources of zero-carbon fuels, fear of stranded assets and regulatory decarbonisation targets combine to stoke orderbook confusion
Shipping needs energy efficiency, CII tweaks to align with 1.5°C goals, argues new report A new report by maritime consultancy UMAS calls on IMO to increase its carbon intensity reduction targets for shipping this...
Musk and Wozniak can relax. Artificial intelligence will help not hinder shipping AI can crunch the data for vetting, sanctions compliance, CII and even some commercial considerations, leaving industry professionals more time...
Vessel demand remains strong despite weak box shipping market Charter rates are far down from their peaks, but are ticking up again, along with asset prices. How long boxship...
Japan Engine Corp partners Akasaka Diesels to develop ammonia- and hydrogen-fuel engines for vessels Technology built and used in these next-generation fuel engines can be applied not only to ammonia and hydrogen, but also...
Vitol's Singapore bunker company takes delivery of first electric-hybrid bunker tanker Delivery of a second tanker is expected this month. Both tankers have been built by Zhejiang Shenzhou Sunshine Heavy Industry...
Three dead after general cargoship sinks off Türkiye Guinea Bissau-flagged general cargoship has capsized off Türkiye after loading bauxite from Iskenderun earlier in the week, resulting in the...
Decarbonisation challenge seeks fresh ideas Seaspan, Inmarsat and Lloyd's Register are supporting an innovation project for new solutions to the challenges faced in decarbonising shipping...
Blacklisted Russian and Iranian ships: trading patterns and partners revealed Sanctions have become a go-to diplomatic tool to help achieve foreign policy objectives, and Russia and Iran are two of...
Chinese shell companies linked to nearly 30% of dark fleet tankers Lloyd's List investigation finds around 100 tankers shipping sanctioned oil with ISM managers, registered owners or technical managers based in...
Second sex trafficking lawsuit filed against Crowley Crowley pledges to vigorously defend itself against a lawsuit alleging a pattern of cover-ups and inaction
Iran oil exports remain firm as US senators call for pressure US senators recently pressed US Secretary of State Anthony Blinken over Iran's ability to continue exporting oil in the light...
Daily Briefing Who is regulating the (de-facto) regulator? | UAE's extended links to Russia supports sanctions circumvention | Dry bulk hopes pinned...
'One FedEx' seeks better balance between air, rail, trucking To reduce costs, FedEx's system-wide network overhaul will create a stronger North American "ground-air" trucking network, including FedEx Freight, and increase its use of US intermodal rail, the company says.
ILWU Hawaii local, employers nearing deal on new labor contract The Hawaii deal would appear to highlight the growing impatience by some longshore locals and employers over the slow pace of coastwide negotiations, with negotiators under pressure from retailers and other cargo interests to reach an agreement soon.
Virginia expands inland facilities ahead of port dredging completion The improvements are planned ahead of the Port of Virginia's dredging project that will deepen Norfolk Harbor to 55 feet and widen its ship channels so the port can accommodate two-way vessel traffic.
Intermodal service improving, but UP lags competition: survey While domestic intermodal service was better in the first quarter than the fourth quarter of 2022, Union Pacific grappled with weather challenges that caused it to fall behind its competitors in the eyes of shippers and intermodal marketing companies.
Cross-Mediterranean product tanker rates in free fall before long weekend Tonnage has been building in the Mediterranean, causing product tanker rates to fall by over $33,000 per day since Tuesday
'Opportunity for investors': Dry stocks at a discount as bulker values soar Falling shipping stocks cause 12% discount to net asset values of listed bulker owners, Clarksons Securities analyst Frode Morkedal says
Sanctions and geopolitical tensions will put shipowners in tight spot, NorthStandard's Salthouse says NorthStandard director of external affairs believes there will be a bifurcated shipping market
'You're not detained, but you can't go home', US tells crew Seafarers risk losing their freedom indefinitely if their ship calls in a country that does not respect human rights or international treaties
Market 'resilience': Euroseas reaps $10m over two years with benchmark container ship fixture Aristides Pittas-led company benefits from a 'resilient' charter market
Marine cyber insurer Astaara doubles cover limit to $25m Cover also includes losses related to cyber terrorist attacks on ports and ships
Green Seas: 'Age of Discovery' meets modern tech as MOL pursues ship that makes its own fuel Environment newsletter checks in on a project that would make zero emissions a priority over speedy cargo delivery
Shipping set for expensive 2030s without efficiency drive UK consultancy UMAS says owners are not doing enough to upgrade their fleets to secure climate change targets
Aponte bucks trend of suffering billionaires as fortune swells by $14.4bn MSC supremo came in at number six on a Forbes list of the biggest gainers over the last year
War risk underwriters start to write cheques for trapped Ukraine ships Some shipowners could keep control of vessels after settlement, while others have been paid in full
Growing UAE-based liner upstart with Russia ties sees former Fesco boss depart Dubai-based newcomer Mountain Air appoints new CEO and plays down talk of acquisitions
Crowley Maritime faces fresh legal claim over office 'sexual predator' Woman claims her former boss abused his power to terrorise female workers at El Salvador subsidiary
Shreyas Shipping snaps up container ship trio after prices collapse for Indian coastal trade Indian shipowner expands fleet with deals for Lomar, CK Line and TS Lines vessels
Edison Chouest and CBO big winners as Petrobras dishes out platform supply vessel deals US and Brazilian owners capitalise as giant oil company starts awarding new contracts
Spain calls for tougher ship-to-ship oil transfer rules as Russia impacts trades The government wants to extend the control of coastal states over ship-to-ship transfers of oil
Maritime industry 'long way off' closing gender pay gap, Spinnaker says Recruitment specialist releases its findings from UK organisations 2022 salary survey data
Ammonia shipping firmly in the spotlight as new players move in, Clarksons says Project enquiries rolling in as maritime sector focuses on decarbonisation
Performance Shipping plots share buyback worth 21% of the company Greek tanker owner will spend up to $2m on boosting shareholder value
Clarksons boss Case waives slice of bonus as total 2022 pay hits £10m Directors once again talking to shareholders over remuneration policy ahead of annual meeting
Greek tankers collide in Suez Canal but traffic unaffected Roxana Shipping and Orpheus Marine product carriers came together in Great Bitter Lake, canal authority says
Metrostar returns to Hyundai shipyard to raise tanker wager Theodore Angelopoulos joins fellow Greek shipowners in ramping up his bet on the tanker market
H Vogemann exits tankers as it offloads Chinese-built MRs German shipowner left with a fleet of bulkers after recent investment in newbuildings
Mixed signals: Container shipping downturn not following the script Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
FedEx airfreight partner ASL Aviation acquires Australia's Pionair Ireland-based cargo group ASL Aviation is expanding to Australia with the acquisition of a FedEx contract carrier.
Lufthansa Cargo adds cities to new intra-European freighter network Lufthansa Cargo is building up a fleet of regional cargo jets to support express carriers in Europe and North Africa.
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