BOEM approves first N.J. offshore wind farm, Ocean Wind 1 The Bureau of Ocean Energy Management has issued its Record of Decision (ROD) approving the plan for construction and operations of Ørsted's Ocean Wind 1. To be located about 13 nautical miles
San Francisco Bar Pilots take delivery of new Camarc 22 The San Francisco Bar pilots have recently taken delivery of a new pilot boat from Snow & Company, Seattle. Called Golden Gate, it is the latest all-aluminum pilot vessel in the Camarc
B.C. ports labor dispute drags on While the U.S. West Coast ports labor dispute last month reached a point where a tentative labor agreement could be reached, there's as yet no sign of any such breakthrough in Canada's
Two on duty security personnel died at Chittagong port yards Two on-duty security personnel died in Chittagong port this week, one being hit by a straddle carrier while the other died after feeling ill. Of the two deceased, one namely Zayed Miah is a member of Bangladesh Ansar and VDP, a paramilitary auxiliary force. He was deployed in the port area on deputation to ensure the security of containers and persons enter in the area. The other one Mahbubur Rah
MSC builds 1 million TEU lead over Maersk Mediterranean Shipping Company (MSC) has extended its capacity lead over Maersk Line, 1.5 years after surpassing its Danish rival as the largest liner operator. Following aggressive newbuilding orders, long-term vessel charters and acquisitions of secondhand vessels, MSC's fleet now stands at around 5.13 million TEUs, nearly 1 million TEUs more than Maersk Line's 4.14 million TEUs. In its report,
SCFI rises for first time in four weeks Shanghai Shipping Exchange (SSE) reported that the composite Shanghai Containerized Freight Index (SCFI) closed at 953.6 points in Week 26. More specifically, rising 3.2% from the previous week, the composite index increased for the first time in four weeks due to double-digit growth in spot rates from Shanghai to North America. Moreover, spot rates for ex-Shanghai container exports showed unfavo
Evergreen, PIL, CULines and RCL launch revamped intra-Asia service Pacific International Lines (PIL), Regional Container Lines (RCL), China United Lines (CUL) and Evergreen Marine Corp (EMC) launched a revamped weekly direct service connecting key ports in China, Singapore, the West Coast of India and Pakistan. PIL names the service China-Subcontinent Express service (CSE) and it will commence on 17 July 2023 from the port of Shanghai. The service will be operat
Maersk opens new Cold Store facility in Dubai Maersk has announced the launch of a new Cold Store facility spread over 13,000 m² at Dubai Industrial City, a member of TECOM Group PJSC, to serve the fast-moving consumer goods (FMCG) sector. Maersk said its third warehousing & distribution (W&D) facility in Dubai is "strategically located when it comes to connectivity to Jebel Ali Port, Al Maktoum International Airport, direct road access acro
PSA becomes shareholder in Duisburg Gateway Terminal Singapore-based port and terminal operator PSA International has agreed to purchase a 22% share in Germany's Duisburg Gateway Terminal GmbH (DGT). The agreement is subject to approval by competition and regulatory authorities in Germany. When the purchase is completed, PSA will join Hupac, HTS, and duisport as shareholders in DGT. DGT will be a container terminal in the Port of Duisburg and is ex
OOCL reports significant revenue decline amid steady box volumes COSCO-owned Orient Overseas Container Line (OOCL) reported total revenues of US$1.98 billion for the second quarter, translating to a huge year-on-year 62.6% decrease, while the company's revenues for the first six months of 2023 fell by 60.2% to US$4.15 billion. On the other hand, the total number of liftings grew slightly by 1.3% in the second quarter of the year reaching 1.86 million TEUs. Add
Valenciaport and Illescas Town Council ink multimodal station deal José Manuel Tofiño, mayor of Illescas Town Council, and Joan Calabuig, president of the Port Authority of Valencia (PAV), signed a Protocol for the collaborative promotion of the Iberum multimodal central platform's future rail freight terminal. The initiative includes the intention of the parties to form a majority public company (50% between the City Council and the Port Authority of Valencia)
CMA CGM upgrades rail service in Germany CMA CGM has announced the expansion of its rail service in Germany to serve the Ruhr area, particularly Duisburg and its surroundings. The updated Rail Shuttle will follow the following route: Rotterdam (Netherlands) - Duisburg D3T (Germany) - Rotterdam. The French transportation company said the upgraded service is effective from July and offers a rail shuttle with three weekly departures from/
Tianjin Port records steady growth in container throughput China's Tianjin Port, located on the Bohai Sea, handled over 9.12 million TEUs of containers in the first five months of this year, up 7.7% year-on-year. Moreover, the Chinese port's cargo throughput totalled 231 million tonnes in the January-May period, representing a year-on-year increase of 2.4%, told Chu Bin, chairman of Tianjin Port (Group), in a press briefing. Chu Bin said that Tianjin por
ICTSI launches new decarbonisation roadmap International Container Terminal Services, Inc. (ICTSI) is moving towards a more sustainable future with the launch of a new climate change initiative. ICTSI aims to create a roadmap to set decarbonisation targets for the entire ICTSI Group to include all terminals, covering Scope 1 (direct emissions) and Scope 2 (indirect emissions from generation of purchased electricity). The global port opera
MSC giant boxships continue calling at Port of Sines MSC Michel Cappellini, one of MSC's giant container vessels with a box capacity of 24,346 TEUs, called at the Port of Sines' Container Terminal. The Portuguese port continues to set records and maintains a regular presence on the route of mega container carriers with capacities exceeding 24,000 TEUs, having received the 24,116 TEU MSC Tessa in April that handled around 4,000 boxes in port. MSC Te
UK Chamber of Shipping reacts to inclusion of shipping in domestic emissions trading scheme The UK Chamber of Shipping has called for funds raised from the inclusion of domestic shipping in the UK's Emission Trading Scheme to help not hinder the drive to net zero. In response to the announcement that domestic shipping will be included in the UK's Emission Trading Scheme (ETS) beginning in 2026, a representative for the UK Chamber of Shipping stated: "This announcement is a significant s
Maersk ceases calling Melbourne on Southern Star service Maersk has decided to remove the port of Melbourne from the Southern Star service rotation, returning to its standard rotation. Effective from mid-July, the updated Southern Star rotation will be Tanjung Pelepas (Malaysia) - Singapore - Sydney (Australia) - Tauranga (New Zealand) - Napier (New Zealand) - Lyttleton (New Zealand) - Port Chalmers (New Zealand) - Tanjung Pelepas The first vessel with
bound4blue installs two 17-meter-high eSAILs® on general cargo ship The wind propulsion company bound4blue placed two eSAILs on the Amasus-owned Eems Traveller, a 2,850 deadweight tonnage (DWT) general cargo vessel. The eSAIL suction sail system depends on the utilisation of a thick aerodynamic profile and smart suction to boost propulsive efficiency, resulting in a system that produces seven times the lift of an airplane wing. These sails are supposed to represe
Container Throughput Index marks slight increase in May Container Throughput Index of the RWI-Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) reached 123.4 points in May, an increase of 1.1 points from 122.3 points in April. More specifically, it marked the fourth consecutive month of growth in container throughput. At the same time, it has not yet reached the level of the summer of last year. Additi
PSA snaps up Duisburg terminal stake Singapore-based terminal operator PSA International has agreed to acquire a 22% of Germany's Duisburg Gateway Terminal (DGT) currently under construction at Europe's top inland port. With an area of 235,000 sq m, DGT will be the largest and the first 100% climate-neutral container terminal in the European hinterland when completed. The first construction phase is ...
BW Ideol firms up France-backed project development spinoff BW Group's floating wind company, BW Ideol, will spin off its project development activities into a new company backed by up to €40m from French state-owned financier ADEME Investissement. The deal will see BW Ideol transfer its co-development project portfolio to BW Ideol Projects Company with ADEME initially investing €17,85m. Subsequent capital injections will be ...
Gram Car Carriers offloads two smaller ships for $43.5m Norway's Gram Car Carriers (GCC) has taken advantage of "historically high" secondhand values to cash in on two smaller and older vessels. The Oslo-listed third-largest tonnage provider within the car carrier segment with 19 owned ships has sold the 1996-built 1,000 ceu Viking Princess and the 2010-built 2,000 ceu Viking Constanza to an undisclosed European ...
Monjasa reveals Singapore bunker tankers move Danish bunker supplier Monjasa is expanding its fleet in Asia, with plans to bring in three tankers to the world's top bunkering port this year. The company, which supplies 1m tonnes of marine fuels across Asia each year, has already deployed one tanker to service Singapore, and two further ships are expected to join later ...
Valaris adds five more deals worth $150m to backlog Offshore drilling company Valaris has raked in new contracts for three of its rigs worth around $150m. Valaris said that it won two deals for one of its semi-submersibles while the remaining three deals were for two jack-up drilling rigs. The company received a two-well contract with Anadarko Petroleum, a wholly owned subsidiary of Occidental, ...
Ransomware attack cripples Japan's biggest port The Port of Nagoya in Japan has become the latest big name in maritime to be hit by a ransomware attack. A crippling system glitch was detected on Tuesday morning, after which the port has been unable to load and unload containers from trailers. An investigation has been launched into the attack, which according to ...
Baker Hughes supporting Equinor's Brazilian FPSO construction Oilfield services giant Baker Hughes has been hired by one of the world's largest FPSO players Modec as a supplier for Equinor's BM-C-33 project off Brazil. Baker Hughes said that it would supply gas technology equipment for the BM-C-33 FPSO. More precisely, turbomachinery equipment including LM2500 gas turbine generators and steam turbine generator technology. The ...
Island Drilling semisub secures more work in Equatorial Guinea Norwegian rig owner Island Drilling has seen two options exercised on its 2012-built semisub offshore Equatorial Guinea. Trident Energy has booked the rig for development drilling and workover adding another 85 days to the contracted work that should keep the unit busy for around three months. The campaign is planned to start in September or ...
CMA CGM drops Containerships brand name CMA CGM has dropped the Containerships brand, with all of the Finish subsidiary's services coming under the unified CMA CGM name. The French liner giant acquired Containerships from Finland's Container Finance in 2018 and retained the brand for its intra-European services. In 2019, CMA CGM merged its two shortsea specialists, Containerships and MacAndrews, under one ...
Equinor extends Transocean rig stay in Norway until early 2026 Norway's Equinor has exercised six one-well options for one of Transocean's harsh environment semi-submersible drilling rigs. The drilling rig in question is the Cat D rig which has been working for Equinor since its delivery in 2015. It was supposed to end its eight-year contract with the Norwegian energy major in December 2023 but a ...
Esvagt and Ørsted double up on methanol-powered SOVs Denmark's offshore shipping player Esvagt and offshore wind giant Ørsted have sealed a deal for a second methanol-powered service operation vessel (SOV). Esvagt is already building a 93-m-long SOV in Turkey, set to enter service by the end of 2024 at the world's largest offshore wind farm, Hornsea 2, off the UK's east coast. The ...
Masdar set to take slice of Iberdrola's German wind farm Spanish electric utility company Iberdrola is reportedly set to form a strategic tie-up with Abu Dhabi-based renewable energy company Masdar to jointly develop a 476 MW wind farm in the German Baltic Sea. According to Spanish business daily Expansión, the duo has signed an exclusivity agreement that could see Masdar take up to 49% stake ...
Mintra acquires online maritime training firm Seably Norwegian provider of digital learning and human capital management systems, Mintra, has acquired Swedish online maritime training firm Seably. The Bergen-based firm said the move highlights its "accelerated growth" in the global maritime sector and is the next step in the strategic goal of rapid market share increase. "This is a significant milestone for our ...
Watered-down final text from MEPC on the cards Midway through this week's crucial Marine Environment Protection Committee (MEPC) gathering and there is now a very real risk of member states of the International Maritime Organization (IMO) failing to deliver clear goals and economic measures to decarbonise shipping. MEPC80 was expected to bring the industry revised green targets for 2030 and 2050 as well ...
Wrecked bulker off Gibraltar lifted onto semi-sub The removal of the wreck of the bulker has kicked off with both sections of the hull being placed on the semi-submersible vessel Fjord. The removal of the vessel from Gibraltar waters comes some 10 months after it collided with an LNG carrier in late August 2022. Surveys of the seabed are underway to ensure ...
MSC bags Sinokor resales Mediterranean Shipping Co (MSC), the world's largest containerline, has pounced for a pair of boxship resales in South Korea. Alphaliner is reporting MSC has bought two Sinokor 8,000 teu ships under construction at Hyundai Heavy Industries, paying $100m per unit for the vessels which will deliver in the first half of next year. The two ...
No sign of a truce on the Canadian west coast Day five of the port strikes across the Canadian west coast and the calls for the federal government to intervene are growing. Talks between maritime employers and the union involved are deadlocked over maintenance work, both sides say. Canada's branch of the International Longshore and Warehouse Union (ILWU) started the strike on Saturday. The ILWU's ...
Shipowners need a new approach to green finance Environmental performance is an increasing focus in all financing discussions, so shipowners need a clear decarbonisation strategy to secure funding, says Sean McLaughlin, strategy consultant at Houlder. Understanding financial incentives and disincentives is key to navigating shipping's decarbonisation transition, yet many shipowners, as well as clean technology and clean fuel providers, can fin
Yangzijiang buys ultramax at auction YZJ Shipping, the shipowning arm of Yangzijiang Shipbuilding, has put more of its money into its fleet. The outfit has tabled $28.9m for the three-year-old 61,000 dwt ultramax, Great Spirit, a ship built at Dalian COSCO KHI. The Wah Kwong-controlled ship was sold via an online auction, basis delivery end of the year. Yangzijiang diversified ...
Gram Car Carriers cashes in on high asset values as it offloads PCTC pair Oslo-listed non-operating owner of pure car and truck carriers is taking advantage of high asset values of secondhand tonnage to...
Chevron-managed tanker shot at off Oman The US Navy said it intervened to stop Iran from seizing two tankers on Wednesday. The motive behind the attacks...
Marine insurers prepare for possible collapse of Black Sea grain corridor deal Underwriters still ready to cover risks for the right premium, which past precedent suggests could be up to 5%-10% of...
No shortage of purge-worthy vessels in Panama detention list, but is it willing to pay the price? A Lloyd's List analysis of Panama-flagged ships detained between 2020-2022 shows the largest flag registry should have plenty of tonnage...
Ukraine warns IMO of Black Sea ballast water dangers after dam explosion The Black Sea faces an environmental catastrophe as polluted freshwater from the Kakhovka dam explosion impacts coastal biodiversity and spreads...
New ECAs planned in North-East Atlantic and Canadian Arctic The proposed Emission Control Area in the North-East Atlantic for sulphur oxide, particulate matter and nitrogen oxide emissions would link...
Costamare attracts Maersk's Lund for chief commercial officer job Lund was with Costamare for prior stint in Singapore
China's Bestway and Yangzijiang affiliate team up on newbuild order Delivery of the bulker vessel is slated for June 2024, with that of the containerships set to start a year...
MSC continues clear-out of old ships as it sells ninth boxship for recycling A total of 31 containerships have been sold for scrap so far this year with a combined capacity of around...
Pacific Islands disappointed in disinformation surrounding the GHG levy Representatives of two Pacific Islands said they were disappointed to see the disinformation regarding the levy, suggesting they are open...
Daily Briefing Developing countries pushing back on GHG levy at IMO | Environmental groups say IMO talks 'already failing' as climate change...
Backlash over call for global interim guidelines for marine biofuels India tells International Maritime Organization that some flag states are already assigning biofuels with a zero-emission conversion factor when calculating...
New capacity wave heading for trans-Pac trade: Sea-Intelligence The long-anticipated wave of container ship newbuildings will hit the water by the end of August, despite a weak cargo market that threatens to keep the new ships underutilized.
Duisburg terminal stake extends PSA reach into Europe The global port operator is bolstering its multimodal supply chain capabilities with an investment that increases its already significant presence in the region.
UPS, Teamsters break off contract talks UPS and the International Brotherhood of Teamsters are battling on the brink of a potential strike, with both sides claiming the other has walked away from the negotiating table.
First-half revenue, earnings contract sharply at Cosco, OOCL The extent to which the rapidly cooling container shipping market is hurting China's main carriers is likely to be repeated across the industry as reporting season approaches.
Vancouver, Prince Rupert face protracted port strike as talks stalemate Canadian business groups are pleading for Parliament to return to Ottawa and pass back-to-work legislation to end the ILWU Canada strike, but it will likely take days for the upper and lower houses to pass such legislation, if they heed the call.
Baltic Dry Index falls below 1,000 points as steel market weakens Iron ore exports from Brazil and other countries rise as capesize futures pull back
Costamare chief executive buys into Seanergy in latest shipowner-on-shipowner move Greek container ship and bulker company had been one of the names rumoured to be interested in Eagle Bulk, but its investment dollars surface elsewhere
US Navy thwarts Iran's attempt to seize two tankers as vessel damaged in attack Transportation Recovery Fund vessel approached as Central Command confirms Chevron ship struck near crew quarters
From well to wake: How fuels' lifecycle emissions are key to IMO greenhouse gas debate Our Green Seas environment newsletter explores the important IMO decision that is grabbing fewer headlines than a carbon levy
Shipowner-operator Seapeak says time-charter length shift is 'positive' Company eyeing FSRUs, CO2 carriers and is embarking on a first onboard carbon capture and storage systems trial
Seapeak steps from Teekay family shadow into Stonepeak skin LNG carrier shipowner busy on newbuilding tenders with consideration of steam ships set to start in 2024
Peter Lund comes full circle, returning to Costamare in senior role A small but growing armada of northern European shipping executives is making landfall in Athens and Piraeus
OOCL revenue slashed 63% as container ship descent continues Hong Kong line gives first indication of how weaker market has affected players in the second quarter
German and Dutch shipowners place $630m punt on feeder container ships Tonnage providers funnel earnings into methanol-ready container ships
Japan's biggest port hit by ransomware attack Container terminal's operating system has been impacted by the attack
Levy row takes its toll on IMO decarbonisation talks Regulator remains split over carbon pricing and compensation packages for developing countries
Edda Wind fixes last open ship on enormous wind farm project One of the company's three commissioning service operation vessels will work on the Dogger Bank Wind Farm
MR tanker spot rates down 35% in 2023 but shipowners keep faith in fundamentals Concordia Maritime boss Erik Lewenhaupt says term deals have also edged down
Monjasa bringing in three more tankers as it expands into Singapore Danish shipping and fuel group making its debut in biggest global hub
Iranian navy reported to have fired shots at laden Chevron VLCC off Oman Bahamas-flag ship increased speed and adjusted course during incident on Wednesday
LNG carrier newbuilding orders keep rolling in with busy second half envisaged The tally for the first half of 2023 is a fraction of orders contracted in the same period last year, but more deals are set to be inked
'Suspicious approach' reported as shots fired at laden Chevron VLCC off Oman Bahamas-flag ship increased speed and adjusted course during incident on Wednesday
Japan's Nagoya port hit by ransomware attack Container terminal's operating system has been impacted by the attack
Comment: No time for complacency as volatility fuels crime spike Despite the Covid pandemic, Russia's war in Ukraine and global shocks, maritime crime continues to thrive
SSY adds new face as it appoints a first head of LNG research Company's specialised LNG team boosted to 13 with new hire
South Korea's KSOE clinches $1.2bn FPU deal from Woodside amid spate of orders Hyundai Group holding company has also announced deals for two LNG carriers, two LPG ships and four car carriers this week
Russia dismisses 'Western propaganda' aimed at saving Black Sea grain deal Moscow snubs overtures about easing some sanctions to save the Ukraine grain deal
Navy guards foil pirates boarding chemical tanker off Guinea Security personnel alerted after crew member spotted boat with a ladder at the stern of the vessel
Havila Kystruten nears ship delivery as financing deals fall into place Norwegian cruise ship owner signs term sheet on €305m private debt placement and looks to raise more
Gibraltar bulker wreck removal finally completed Broken hull section will be shipped to the Netherlands for recycling
Probe begins as two Russian seafarers die on vessel in Bulgaria Crew members were found in cargo hold of dredger at the port of Varna
Maersk and Volvo commit to biodiesel for transport of car parts Danish and Swedish groups to swap fossil fuels for biodiesel to cut emissions by 28,000 tonnes
Major shipping companies commit to 'book and claim' system for voluntary green freight market Oldendorff Carriers, Hapag-Lloyd, Ocean Network Express and more pursue inserting mechanism but acknowledge challenges
Pareto tips Siem Offshore for dividends in 2025 after 'comfortable' refinancing Investment bank backing Kristian Siem company as a consolidator in the sector
First look: BW LNG unveils pros and cons of onboard CCS Technology lends itself to large gas-burning vessels such as LNG carriers but will it become standard for the future world trading fleet?
Sinokor bags $200m from sale of neo-panamax container ship brace Leading South Korean owner also busy taking boxships being relet by Asian liner operators
Will the Indian subcontinent's ship recyclers meet Hong Kong deadline? GMS sustainability expert Dr Anand Hiremath airs concerns over Pakistan meeting the Hong Kong Convention's requirements
Dockworkers strike continues at Canada's West Coast ports More than 7,400 dockworkers in Canada remain on strike Wednesday after labor contract negotiations with their employer have stalled.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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