FERRIES 2023: Retrofitting ferries with hydrogen propulsion and storage technology Pressure to reduce greenhouse gas emissions is increasing across the global maritime sector, and ferries are no exception. The adoption of alternative fuels will be vital to achieving decarbonization, and existing fuels,
Four tugs ordered for Rio Grande LNG NextDecade Corporation's Rio Grande LNG project in Brownsville, Texas, is moving right along. Already the tugs that will serve the export terminal are being lined up. Today, Gulf LNG Tugs of Brownsville,
Sanmar Shipyards launches the first TRAnsverse tug Marking a major construction milestone, the first in a new generation of multi-purpose tugs - the first TRAnsverse tug - has been launched at Turkish shipbuilder Sanmar's Tuzla shipyard. Unveiled by the
ABS inks MoU to develop cutting-edge hydrogen-fuelled vessel ABS inked an agreement with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation (UOUFIC) to create a small, 40-seat vessel for tourism with electric propulsion powered by a 350-kW hydrogen fuel cell. The zero-emission vessel is one of the initiatives related to Korea's national hydrogen strategy in terms of research, development, and dem
Panama Canal water levels tend to remain low for months The Panama Canal is experiencing major, ongoing disruptions in the shipping supply chain due to restrictions on traffic related to very low water levels. This is the result of drought conditions that rapidly developed from the beginning of the year through June and have held steady since that time. In fact, 2023 is off to the driest start during January-July since 2015, which had a similar rainfa
WEC Lines introduces new service linking Europe with Morocco WEC Lines has announced a new weekly service connecting the United Kingdom, France and Northwestern Europe with Casablanca, Morocco. The new Euro-Maroc service offers a direct sailing route from Rotterdam and Antwerp to Casablanca, while also making easier seamless transportation from Portugal and Spain via Montoir in France. The new service, which will replace the existing NWC Iberia and MOPT se
Contargo Road Logistics buys Dutch transport company Contargo Road Logistics has announced the acquisition of the Dutch transport business HE-Logistics B.V. With this move, Contargo aims to strengthen its position in container direct transportation inside the Benelux countries. HE-Logistics provides container transport services via its own and chartered vehicles, reefer and trailer transports, and consolidated and conventional transport services. I
WinGD, Samsung Heavy Industries to collaborate on future fuel applications WinGD, a Swiss marine power company, and South Korean shipbuilder Samsung Heavy Industries (SHI) will cooperate on future fuel vessel applications with ammonia-fuelled engines. More specifically, the memorandum of understanding, signed during the Gastech conference in Singapore this week, indicates a strong intention on the part of SHI to install WinGD's X-DF-A dual-fuel ammonia engines on forthc
Depot Pier 7 joins integrated planning inland container shipping Depot Pier 7, part of the Waalhaven Group, joined Nextlogic's integrated planning for inland container transport on 28 August. With this latest connection, Nextlogic is taking the next step toward full implementation within the port of Rotterdam. From the Waalhaven to the Maasvlakte, integrated planning now enables optimal use of available inland shipping capacity, 24/7. Depot Pier 7 became the f
APM Terminals invests US$140 million in Mexican terminal expansion APM Terminals Lazaro Cardenas has begun the construction of its Phase II US$140 million expansion. APM Terminals said this project aims to increase the capacity of the first semi-automated facility in Latin America with an additional one million TEUs and position the Mexican terminals as a hub for the Americas region. With the expansion plans, the yard is expected to be increased by 157,000 m² an
MSC applies new FAK rates from UAE to Europe The world's largest ocean carrier MSC has announced the following updated freight rates from the port of Jebel Ali in the United Arab Emirates to major European ports of Antwerp and Valencia. The Swiss/Italian container line said that the new rates will be effective from 11 September until further notice, but not beyond 30 September. Port of loading Port of discharge Commodity Rate 20 DV Rate 40
CMA CGM halts Mediterranean service as rates sink CMA CGM's new Asia-Mediterranean service has fallen victim to falling freight rates, after just six sailings. The French carrier has suspended its newly launched Turkey-Libya Express (TLX) service, which commenced in July, calling at Shanghai, Ningbo, Nansha, Singapore, Jeddah, Iskenderun, Malta and Misurata, with ad hoc calls at Lianyungang and Tripoli. TLX had its last sailing on 11 August. Rat
Maersk enhances warehouse network in Central America and Caribbean A.P. Moller - Maersk has decided to expand its presence in Latin America and the Caribbean with the inauguration of a 14,000 m² fulfilment centre in Colombia and a 3,500 m² fulfilment centre in Panama. The centre in Colombia is located in the ZOL Funza logistics project, which is 50 minutes from six of the main consumer market areas in Bogota, the capital of the country. The new Maersk fulfilment
Kramer Group connects its facilities to Container Exchange Route Kramer Group and the Port of Rotterdam Authority signed a new connection agreement on 1 September, according to which Kramer's new depot at 51 Malakastraat, Kramer Distripark Depot (KDD), will be linked to the Container Exchange Route (CER), a 17-kilometre closed transport route that connects several of the Maasvlakte's terminals, depots, distribution centres, and the State Inspection Terminal. F
Port of Osaka sees lower box volumes in July According to preliminary data published by the Osaka Ports and Harbours Bureau, the Port of Osaka handled 166,982 TEUs in July, translating to an 11% decrease from the same month in 2022. For two consecutive months, the Japanese port has reported year-over-year declines. In July, Osaka port moved 75,395 TEUs of exports, representing a 12% drop, and 91,587 TEUs of imports, which is a 10% fall. Foc
Oceaneering adds uncrewed surface vessel Oceaneering's subsea robotics group has introduced a new uncrewed surface vessel (USV) service to support remote survey work scopes. The company has reached an agreement with Exail to purchase its first DriX USV to support deepwater geophysical and asset inspection operations, including autonomous underwater vehicle (AUV) positioning, and offshore and nearshore surveys. The use of ...
Prysmian lines up OZ interconnector deal Italy's Prysmian has penned a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator TasNetworks, for a new power interconnector between Tasmania and Victoria, Australia. The deal includes the Commonwealth Government underwriting a capacity reservation fee of up to €90m and Prysmian's continued capacity availability until the execution of the
Seacon books Namura bulker newbuilds Hong Kong-listed Seacon Shipping is pressing ahead with fleet expansion plans having signed a fresh deal for two 40,000 dwt bulker newbuilds at Japan-based shipbuilder Namura. The Qingdao-based company is paying nearly $67m for the duo to be delivered from Namura's Imari shipyard between August 1, 2025, and October 31, 2025. The latest order has ...
Gram Car Carriers takes full control of managed vessel Norwegian tonnage provider Gram Car Carriers (GCC) has taken full ownership of a car carrier under management. GCC is the commercial manager of Gram Car AS, the single-purpose company that owns the car carrier, and held an initial 1% of the shares outstanding before a series of acquisitions that started in July. On Monday, the ...
Neptune Lines orders LNG dual-fuel car carriers at Fujian Mawei Greek vehicle carrier owner and operator Neptune Lines is expanding its fleet with an order for a pair of LNG dual-fuel 4,200 ceu vessels in China. The Craig Jasienski-led firm has commissioned Fujian Mawei Shipbuilding in Fuzhou to build and deliver the duo in 2026. The vessels, under the name Genesis Project, have been designed ...
OX2 planning development of 2.8 GW wind farm off Sweden Stockholm-based renewable energy developer OX2 has revealed plans to develop a new offshore wind farm, named Ran, 12 kilometres off Gotland's east coast within territorial waters. The Ran offshore wind farm will be developed together with the Pleione energy park, which is located approximately 35 kilometres off Gotland's east coast in Sweden's economic zone (SEZ). ...
Euronav and Neda Maritime win two-year VLCC charters from Petrobras Brazil's state-owned energy major Petrobras has fixed two VLCCs on long-term charters from Euronav and Neda Maritime. Belgian owner Euronav has sealed a two-year deal for its 2016-built Donoussa. The 300,000 dwt Daewoo-built ship will earn $48,000 per day, according to brokers. Meanwhile, Greek bulker and tanker owner Neda Maritime has won more work for ...
MSC faces big bill from Flaminia blast case A court in the UK has upheld a judgement that charterers cannot limit an owner's claim for its own losses in the latest legal chapter pertaining to the explosion onboard the boxship 11 years ago. The case arises from a casualty onboard the MSC Flaminia on July 14 2012 while the ship was in mid-Atlantic en route ...
Boskalis pens two Polish offshore wind farm cable deals Dutch offshore contractor Boskalis has won two deals for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm off the coast of Poland. The two contracts, awarded by a joint venture between PGE Polska Grupa Energetyczna and Ørsted, were described as 'large' by the company which means ...
Sovcomplot: Book launches charting Russian line's court battles John Helmer, a long-term Russian correspondent for a variety of titles, has launched a book this week looking at the UK court battles Sovcomflot, Russia's largest shipping line, fought for more than a decade. Entitled Sovcomplot: How pirates tried to capture the treasure of the Russian seas, and were caught out, the 240-page tome also ...
Gastech 2023: LNG carriers keep growing, both in size and orderbook Bigger ships to handle ever larger volumes of exports - the opening day of Gastech, the annual mega event for the LNG sector, has seen a flurry of significant announcements to highlight just how fast the LNG export business is growing globally. LNG newbuild orders have been placed in record volumes over the past couple ...
Solstad fixes CSV pair Norway's Solstad Offshore has secured more work for its subsea construction support vessels (CSVs). The 2010-built Normand Baltic has been contracted to provide walk-to-work services on an unnamed offshore wind project in Asia. The contract starts in October this year and should last for about 180 days. Meanwhile, the 2009-built CSV Normand Samson has been ...
Landinfra eyes up to 8 GW of offshore wind in Sweden Nordic renewables developer Landinfra Energy is investigating the conditions for the establishment of offshore wind in the Swedish economic zone and Swedish territorial waters. The company has selected nine areas along the Swedish coast estimated to have the potential for an installed capacity of between 5 and 8 GW. All the locations are within the ...
RWE teams with Valorem for French offshore wind tender German utility RWE has partnered up with French developer Valorem to bid jointly for the bottom-fixed offshore wind farm project off the Island of Oléron in France. Under the terms of the A07 tender, an offshore wind farm with an installed capacity of around 1 GW will be deployed some 40 km off the Island ...
No sign of resumption of Black Sea shipping pact Despite the best efforts of Turkish president Recep Tayyip Erdogan, Russia has decided not to renew the Black Sea Grain Initiative. Ergogan was in Sochi yesterday to meet with his counterpart, Vladimir Putin, with the resumption of Black Sea grain exports top of the agenda. The Russian president remained adamant however that the West has ...
VLGC spot rates reach new highs on propane price arbitrage Spot rates for very large gas carriers have climbed to new highs of over $110,000 per day, fuelled by the...
OOCL partners with fintech company Stenn to embed trade finance services Orient Overseas Container Line has partnered with UK fintech outfit Stenn to offer financing solutions for small-and-midsize enterprises
Box demand picture weaker as supply continues to grow Scrapping and slow steaming have removed less tonnage than expected. Meanwhile, the remainder of this year is set to see...
China gobbles record amounts of Iranian oil as Tehran's exports reach new highs Iran again shattered oil export records in August, reaching levels not seen since early 2019, when waivers for reimposed sanctions...
WinGD advances ammonia engine strategy following South Korean shipyard deal Switzerland-headquartered, China State Shipbuilding Corp-owned engine designer says that new agreement indicates a strong intention on the part of Samsung...
Columbia agreement comes ahead of Chinese push into LPGs and LNGs Ships are managed 'differently' in east and West, O'Neil said. But an LNG or LPG tanker must be competently run...
IUMI conference to convene in Edinburgh as Britain's marine insurance dominance slides It is still the biggest event of its kind in the marine underwriting niche and merits the best part of...
Vehicle carrier orderbook hits 156 as Neptune Lines orders mid-sized newbuildings Greek vehicle carrier operator Neptune Lines has signed its first newbuilding contract since 2012 with a two-vessel order at China's...
Tanker markets expected to strengthen in 2024, says BIMCO Crude oil exports from the Americas are anticipated to provide an increasing share of global seaborne exports, leading to an...
Two marine mutuals join Lloyd's Register fire prevention initiative A large proportion of fires on ships are preventable and losses could be mitigated by better practice, says UK Club's...
BIMCO: Dry bulk demand may flatline if China's stimulus fails Cargo demand growth could drop to zero next year if Beijing fails to lift its economy, according to BIMCO, which...
Trade bodies seek to show eBLs are ready for adoption Big container lines want to see 100% adoption of eBLs by 2030. Achieving that requires the industry to show it...
'Huge potential' for Asian bio-LNG bunkering Last-mile supply is lacking, but can be solved over time. The bigger priority is to form partnerships to find enough...
Seacon orders two bulkers from Namura for $67m Seacon aims to expand its fleet from 24 ships to 35 by the end of 2025
CDB Leasing names Jin Tao as new president Jin Tao takes the role of president after Chairman Ma Hong had served as the acting president for the past...
BW LNG carrier heads to Malaysia following Suez Canal prang Latest AIS signals suggest the vessel changed its destination from Singapore to the port of Sungai Linggi in Malaysia
Daily Briefing Costs will constrain carrier capacity deployments Habben Jansen says | Gabon coups market impact too soon to tell | Danube...
LA-LB port interests spar with agency over emissions rule under development The regional air quality board is pushing back against what it says is "grossly inaccurate rhetoric" from transport interests who say a cap on Southern California cargo volumes may be on the horizon.
OOCL Logistics joins growing group intrigued by trade finance potential Development of trade finance tools for small and medium-sized shippers continues to grow, evidenced by OOCL Logistics launching a trade finance platform with fintech provider Stenn.
No bottom in sight for free-falling trans-Atlantic rates The spot market from North Europe to the US East Coast continues to weaken and lackluster attempts by carriers to withdraw capacity are having little effect on balancing supply and demand.
Key supply chain stakeholders commit to electronic bills of lading Digitalizing the most important document in global trade is a vital step toward a more efficient and secure paperless container shipping industry.
Singapore starts moving ahead on plans for an FSRU Island republic said to be seeking energy security and wants to fast-track its import expansion and decarbonisation plans
Panama Canal Authority reportedly expects 1,500 less crossings next fiscal year There were 119 ships waiting to cross drought-restricted waterway on Monday, Leth Agencies
'Troubling': Crowley wind executive exits company after sexual harassment complaint Jeff Andreini had played a key role in developing wind ports in California and Massachusetts
Petrobras forms Chinese subsidiary that will boost Asian tanker shipments Brazilian major wants to contribute 15% of all Chinese oil imports
Bimco expects tankers to rise as container ships drown in capacity and China sinks bulkers China is expected to account for more than half of global increase in oil demand to end of 2024, according to shipowners group
Ardmore keeps buyback door open with 'refreshed' $50m scheme Tanker owner renews authorisation to hunt down its own stock, but is not committing to imminent deals
Tanker 'golden age' safe from new orders, but concerns linger says BRS Further shipyard contracting will put pressure on medium-term rates, French broker argues
Seacon bulks up with double handysize order at Namura Latest order worth $70m adds to earlier dry bulk newbuilding investments in Japan
Solstad Offshore trio get new deals as CSV market keeps running hot Two vessels get new contracts while a third has its contract extended
Viewpoint: Shipping must now take nuclear energy seriously, says Christopher Wiernicki The IMO has changed the calculus over how maritime views nuclear energy despite the significant hurdles
Neptune Lines splashes out on new dual-fuel car carriers in China Greek owner's Genesis Project ships are due in 2026
Stena hit by interest costs as profit dips but liquidity jumps to $2.2bn Deputy chief executive Annika Hult says Swedish group is in a strong position in terms of finances
'What's London got to do with it?': Shipbroking confronts a new world order Ahead of London International Shipping Week, TradeWinds looks at how change is in play for global shipbroking
Barristers say collision case costs will be front-loaded as disclosure rules change Quadrant Chambers experts welcome new requirements that should streamline legal proceedings
Bigger, better ships coming, but KCC wants to extend life of 'older ladies' Norwegian shipowner not ready to wave goodbye to all its veterans just yet
New UN treaty shields ships from 'double jeopardy' in repeated arrests UN convention signed by 15 countries on Tuesday in Beijing, with the blessings of Brussels as well, aims to protect ships
Gram takes 100% control of ex-NRP car carrier at a fat discount Norwegian owner snaps up ship at $23m less than current valuation
New UN law shields ships from 'double jeopardy' in repeated arrests UN convention signed by 15 countries on Tuesday in Beijing, with the blessings of Brussels as well, aims to protect ships
Clarksons raises shipping trade forecast as China drives 'impressive' demand UK shipbroking group expects continued growth this year after a swing back into positive territory
GMS launches 'industry first' digital trading platform for ship recycling CEO Anil Sharma claims it is time for the sector to join everyone else on the digital bandwagon
Law firm Incisive poaches veteran shipping litigator from Rajah & Tann Singaporean law firm once allied with Ince Group has hired senior partner John Seow as it beefs up its maritime practice
MSC loses UK appeal over Flaminia blast in long-running legal saga English appeal court judges say the Geneva-based liner operator cannot limit its $200m liability for 2012 chemical blast
Crude spilled after pipe ruptures during unloading of Greek VLCC in Thailand Fears that Middle Eastern oil could reach beaches after incident involving the Kallista
Gram takes a bigger slice of ex-NRP car carrier at a fat discount Norwegian owner takes 97.5% ownership in a ship at $24m less than current valuation
Aon warns shipowners over 'thermonuclear' personal injury awards Limitation of liability could protect shipowners for state jury awards which exceed $100m
Russia, Turkey and Qatar mull link-up to export Russian grain to Africa Possible cooperation is not meant to replace disused UN corridor for Ukrainian grain, Russian president says
Hudong-Zhonghua signs AiPs with class quartet for new Q-Max size LNG carrier A next generation supersize vessel is being lined up which could fit Qatar's requirement
Asian nations driving growth in LNG import capacity, says EIA US agency expects the Asia region to lead growth in global regasification capacity
BW LNG carrier heads to Singapore after Suez Canal incident Company awaiting result of investigation into grounding and collision
Chinese bulker owners leading the way on scrapping, Clarksons says Researcher Sarah Holden also notes that container ship recycling is on the rise
Ocean carriers' record rejections last-ditch effort to bolster spot rates SONAR's Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
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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