Synergy rolls out new PPE for its female seafarers Female seafarers working for Captain Rajesh Unni's Synergy Group are to get more comfortable coveralls. The Singapore-headquartered ship management company is rolling out new Personal Protective Equipment (PPE) that has been designed
Amogy aims to have ammonia-powered tugboat on the water this year Aiming for a world-first, Brooklyn, N.Y., based ammonia-to-power innovator Amogy Inc. is retrofitting a 1957-built tugboat to use its technology, which cracks liquid ammonia to produce hydrogen. The tugboat, which uses diesel
PPG launches "breakthrough" fouling release coating PPG (NYSE: PPG) has launched a biocide-free fouling release coating that, it says, uses a breakthrough approach to help shipowners lower power consumption and carbon emissions and meet demands for higher performance
A Beginner's Guide to Buying Cars at Auction - Tips and Strategies for Winning Deals Have you ever wondered how to win online car auctions? Buying cars at auction can be a great way to save money and find a great deal on the vehicle of your dreams. With the right knowledge and a little preparation, anyone can find success at an online car auction. This beginner's guide will provide the essential tips and tricks to maximize your chances of winning and finally getting the car of yo
Best Place to Find Wrecked but Not Beaten F-250 Trucks at Bargain Prices Do you fancy purchasing and restoring salvage cars? The price of a salvage F-250 truck is typically far lower than that of a brand-new or lightly used one. These trucks can be severely damaged accident vehicles and usually have discounts of 30 to 40% at auctions. If you're in the market for a high-end truck but don't want to pay the astronomical prices usually associated with them, this is a grea
Port of London Authority proceeds with decarbonisation The Port of London Authority (PLA), which supervises the secure running of the UK's largest port, has pledged to achieve Net Zero emissions by 2040, if not sooner. Last year's performance resulted in a 50% reduction in carbon emissions three years earlier than the initial 2025 goal. As an interim measure, the introduction of sustainable biofuel in lieu of gasoline in its fleet of vessels was a cr
Yilport Gebze breaks monthly vessel operation record Yilport Gebze in Türkiye marked a record-breaking month in January. The port handled 86 container vessels in the first month of the year, breaking its previous monthly vessel operation record. This impressive achievement was followed by another record-breaking success when 24 container vessel operations were carried out in February, the seventh week of 2023, noted the Turkish port operator. "By c
ICTSI reports container growth amid improved financial performance In 2022, International Container Terminal Services, Inc. (ICTSI) handled a consolidated volume of approximately 12 million TEUs, translating to a 9% increase compared with 2021 box volumes. The global port operator reported that volume growth was primarily due to the consolidation of Manila North Harbour Port, Inc. (MNHPI) in the Philippines at the beginning of September, volume growth and improv
FBX underperforms as another week bleeds red for ocean freight - An indices comparison perspective The Freightos Global Container Index (FBX) took a 10% hit in its weekly quote, only the third such instance ever since 2020, to register a rate of US$1,791. This ending on the 3 rd of March, 2023 saw it tumble below the Drewry's World Container Index (WCI) after six months. While Drewry's WCI and the Shanghai Containerized Freight Index (SCFI) had seen a straight down reversal, the FBX had off-la
Los Angeles and Gothenburg ports ink collaboration MoU The Port of Los Angeles in the United States and the Port of Gothenburg in Sweden have signed a Memorandum of Understanding (MOU) to strengthen their connection and cooperation on a variety of important projects, including sustainability, digital and physical infrastructure, and possible trade possibilities. The Memorandum of Understanding focuses on supply chain productivity and digital technolo
AD Ports enters Uzbekistan logistics market via new JV with SEG ENERA UAE-based port owner and operator AD Ports Group and SEG ENERA Group, a multisectoral holding company in Uzbekistan, announced the creation of ADL-Ulanish, a new joint venture offering end-to-end global transportation services across the Republic of Uzbekistan. The joint venture will cover industry sectors such as industrial project logistics, oil & gas, e-commerce, healthcare, and pharmaceutical
HMM supports earthquake victims in Türkiye HMM will transport relief goods and provide empty containers to support the earthquake victims in Türkiye. In particular, the company started to transport 50 TEUs of relief goods from Busan in South Korea to Mersin in Türkiye on 3 March, and an additional 20 TEUs is scheduled to be loaded on 17 March. The major ocean carrier also decided to deliver 150 free empty containers to accommodate the ear
Unlock the Secret to Earning More Interviews with SkillHub In today's job market, getting a job interview is challenging. With the increased competition due to the COVID-19 pandemic and the high number of people looking for work, employers are receiving more applications than ever. This means that job seekers must make more efforts to stand out from the crowd and get noticed by potential employers. Also, many companies have changed their hiring processes
CNC announces new service connecting South Korea, Vietnam and Thailand CNC, part of CMA CGM Group, announced the launch of the new NTX1 service that will connect ports in South Korea, Vietnam and Thailand. In particular, NTX1 will offer a six-day transit time from Busan to Ho Chi Minh City, and a four-day voyage from Ho Chi Minh City to Incheon. In addition, the weekly NTX1 service will also double-up as an alternative shipping choice for customers with Thailand- an
CMA CGM's first three quarters boost revenues and earnings despite Q4 slowdown French ocean carrier CMA CGM has achieved significant increases in its main financial figures in 2022, compared to the previous year. In particular, the Marseille-headquartered company noted a 33.1% growth in revenues reaching US$74.5 billion and a 44.2% increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) reaching US$33.31 billion. At the same time, CMA CGM's net i
Valaris to reactivate drillship for $500m contract with Petrobras Valaris has confirmed three new contracts, including a $500m deal in Brazil for one of its stacked drillships. The New York-listed offshore driller will reactivate the 2015-built drillship Valaris DS-8 (pictured) for a three-year campaign with Petrobras under a $500m contract, which includes a $30m mobilisation fee. The unit is stacked in Las Palmas and ...
Leaking product carrier believed found off Philippines Philippine authorities said they believe they have found the location of the leaking product tanker Princess Empress that sank off Naujan in Oriental Mindoro last week. The Department of Environment and Natural Resources (DENR) said it "may have detected the possible site where the vessel is actually located", adding that the site was about 400 ...
NGL Energy Partners offloads barge and towboat fleet Oklahoma-based NGL Energy Partners has sold its fleet in two separate deals for around $111.6m in cash. The New York-listed diversified midstream master limited partnership, which provided shipping of refined products and crude oil for a diversified group of customers, including major oil refineries on the Gulf Coast, offloaded 13 towboats and 25 tank barges ...
Hunter Group bets on CO2 shipping Oslo-listed investment firm Hunter Group has joined forces with class society DNV to develop a low-pressure midstream shipping solution for carbon capture and storage. The parties have agreed to work together on a 40,000 to 70,000 cu m liquified CO2 carrier with 20,000 to 30,000 cu m feeder vessels to be operated on the Norwegian ...
AD Ports forms Uzbek logistics joint venture Abu Dhabi's AD Ports Group has entered the Uzbekistan logistics sector via a new joint venture with the country's multisectoral holding company, SEG Enera Group. The ADL-Ulanish jv will provide end-to-end global logistics services across the landlocked Central Asian country, offering freight forwarding, warehousing and storage, customs clearance services, and the development of inland container ...
Synergy rolls out new PPE for female crews Synergy Group is rolling out new tailor-made personal protective equipment (PPE) to its growing number of female seafarers. The Singapore shipmanager, which employs over 20,000 seafarers, commissioned Hercules Safety to manufacture the new gear which was designed by textile engineers in conjunction with female seafarers and maritime safety experts. The aim is to ensure the ...
Ukraine pressures Greek owners to stop moving Russian oil The Ukrainian government is attempting to put pressure on some famous names in Greek shipping who continue to trade with Russia. George Economou's TMS Tankers, George Prokopiou's Dynacom Tankers along with Andreas Martinos's Minerva Marine, Nikolas Maritnos's Thenamaris, and Diamantis Diamantidis's Delta Tankers have been added to the list on the War and Sanctions website ...
Vroon secures work for two vessels Dutch outfit Vroon has secured work for two vessels in the UK. Doris Group's ODE Asset Management has commenced a 9-month charter with options for the VOS Glamour multi-role vessel managed by Vroon Offshore Services. The charter which recently kicked off is being supported by ODE AM's shipbroker Braemar ACM. The 2014-built vessel will undertake ...
OneSubsea seals Brazilian contracts OneSubsea has secured contracts to supply equipment for three Brazilian offshore fields. The Houston-headquartered unit of SLB, formerly Schlumberger, sealed a deal with Petrobras for 16 Christmas trees, destined for the Búzios 10 project in the Santos Basin pre-salt, with first delivery scheduled for the first quarter of 2025. The company will also be responsible ...
UN's High Seas Treaty contains significant ramifications for the global merchant fleet Global merchant shipping could be in for a shake-up following the signing of the High Seas Treaty at the United Nations headquarters in New York over the weekend. The historic agreement signed by nearly 200 nations aims to protect the world's oceans following 10 years of negotiations. The High Seas Treaty aims to place 30% ...
North Sea Sparrows workers to strike on BP assets Nearly 50 offshore workers on BP North Sea assets are set to down tools in a dispute over pay and overtime rates. Sparrows members of the Unite union working on BP's Andrew, Clair, Clair Ridge, ETAP, Glen Lyon FPSO and Mungo installations overwhelmingly supported strikes that will result in a series of 24- and 48-hour ...
Indian imports of US ethane growing fast GAIL, India's top gas utility, is looking to import ethane from the US, and, according to UK consultancy Drewry, it has issued an expression of interest (EOI) for chartering a very large ethane carrier (VLEC) for 20 years, with an option to extend it for another five years. GAIL intends to use the same vessel ...
Nantong Xiangyu wins four ultramax orders Chinese builder Nantong Xiangyu Shipbuilding and Offshore Engineering has received an order from domestic owner CZBank Leasing for two 63,500 dwt ultramax bulk carriers, according to Clarksons Research. Moreover, the yard received further orders from domestic owners Juhe Shipping and Guangxi Jinhang for one 63,500 dwt ultramax each. All four units are due to be ...
NYK in for LNG carrier trio Japan's Nippon Yusen Kaisha (NYK) has been revealed as the owner behind an order for a trio of LNG carriers in South Korea last week. In a stock market release last Thursday, the parent of Hyundai Samho Heavy Industries revealed a $765m order for three 174,00 cu m ships without revealing the owner involved. Clarksons ...
Chairman of the Liberian flag passes away Yoram Cohen, the founder and chairman emeritus of the Liberian International Ship & Corporate Registry (LISCR), passed away over the weekend after a protracted illness. Cohen took over the running of the Liberian flag in the late 1990s and drove the flag through a period of extraordinary growth before passing on management to his sons, ...
Suncor Energy announces sale of UK E&P business Canadian company Suncor Energy last week announced that it has entered into a share purchase agreement with Equinor UK Limited for the sale of Suncor Energy UK Limited, which includes Suncor's non-operated offshore interests in the North Sea. The deal is valued at approximately C$1.2bn ($883m), excluding working capital adjustments and including contingent consideration of ...
Breakwater Energy acquires 25% of Repsol's global upstream business EIG Global Energy Partners, an institutional investor in the global energy and infrastructure sectors, headquartered in Washington, D.C., last week announced the completion of its acquisition of a 25% interest in Repsol Upstream, a newly formed, gas-weighted exploration and production company comprising Repsol's entire global upstream oil and gas business. Breakwater Energy, a wholly owned ...
Soaring tanker values stall as sale-and-purchase activity falls After rising as much as 85% in 12 months, gains in second-hand tanker values are stabilising across most vessel size...
Calls for tougher flag state enforcement of ship-to-ship transfers for sanctioned oil Submission asks flag states to regulate ship-to-ship transfers in international waters and for port authorities to inspect ships that turn...
China's conservative growth target dims dry bulk prospects Lower-than-expected growth target has weakened expectations on large government stimulus required to spur China's ongoing recovery
Liberian registry founder Yoram Cohen dies Yoram Cohen established the blueprint for the modern open register and grew LISCR to the point that it is now...
Clarksons reports record profit in busy year The broking division reported a strong performance driven by trade dislocations that emanated from Russia's activity in Ukraine. Elsewhere, sale-and-purchase...
Inventory levels point to slow container demand recovery Falling import volumes have had little impact on inventories
Greek shipowners dominate Russian price-cap-compliant oil cargoes over February Tankers, including some flagged with EU registries and insured by UK P&I clubs, underscore that a number of shipments are...
The week in charts: Russia's boxship trade | Bulk freight market improves | Orders up for alternative-fuel containerships High freight rates are prompting more carriers into Russian trades despite sanction risks, dry bulk market makes sustained gains, and...
The week in newbuildings: KSOE wins order for three LNG tankers Latest order for liquefied natural gas tankers priced at $255m per ship has set a record-high pricing benchmark
K Line signs decarbonisation deal with Anglo American K Line says the collaboration will be on all fronts, including technologies and hardware
Leaner and fitter West confident about foray into hull and war West's results have improved significantly in the past two years, and are expected to have improved further in May, when...
Daily Briefing Container shipping faces change while the song remains the same | The Lloyd's List Podcast: Is shipping taking diversity, equity...
Zim pulls expedited China-US service as pandemic market unwinds Zim is terminating a two-year-old trans-Pacific service, while beefing up a Southeast Asia-US East Coast route, as weakened Chinese imports and too much capacity have combined to pull down container spot rates.
CMA CGM, Hapag-Lloyd join MSC in hiking India-US rates Later this month, CMA CGM and Hapag-Lloyd will impose general rate increases of $600 per FEU and $500 per FEU, respectively, on all shipments from India to North America, but with demand waning, those GRIs may not stick.
ILWU Office Clerical Unit negotiations under way in LA-LB Contract negotiations between International Longshore and Warehouse Union office workers and shipping lines and terminal operators in Southern California are proceeding slowly with the June 30 deadline approaching, even as the 10-month-old ILWU dockworker negotiations drag on.
US SE ports prepping for more growth amid continued West Coast diversions Southeast ports are handling more imports from Asia than ever, but it's unclear how much of that growth will stick once negotiations over a new West Coast longshore contract conclude.
US startup eyes street turn tech expansion throughout North America Technology startup Qualle is trying to overcome drayage industry inertia around matching empty import boxes with export loads outside of ports by using early-stage funding to serve every North American port market.
Seacor grows hybrid PSV fleet that helped fuel revenue gains New York-listed Seacor Marine reports slimmer fourth-quarter loss as chief executive expresses optimism for 2023
ICTSI's profit skyrockets 44% as ports continue to recover from pandemic Manila terminal operator's overall teu volume for 2022 totals 12.2m teu, up 9% from previous year
Brazil crude oil tax won't take a bite out of tanker rates, BRS Group says But exports to Asia may fall and regional clean tanker rates may suffer, the broker says
American Shipping and OSG negotiating settlement on redelivery drama Legal fight stems over an unpaid $4m bill due to Oslo-listed American Shipping
Dry bulk spot rates continue to surge as China predicts 5% GDP growth Bulker and tanker sectors may experience cyclical upswing into 2026 as a result of low orderbook, analyst says
Container giants hit the brakes as 'go slow' trend gathers pace The switch to slower speeds that shipowners expect to tighten supply is underway
Shipless Hunter Group moves into CO2 shipping after selling VLCCs Fruits of fresh strategy unveiled
Manager Synergy designs tailor-made PPE for female seafarers Group has created equipment with the input of the women wearing it
Clarksons Securities argues 'super-profits' needed to drive tanker owners back to shipyards Companies are paying out earnings as dividends or reducing debt as newbuild prices remain high
Concordia sees more bullish tanker owners willing to order new ships Chief executive Erik Lewenhaupt believes strong rates could persuade companies to return to shipyards
Tanker giants Maran and Thenamaris help fund fleet renewal with S&P sales Exceptional tanker markets continue to create sale opportunities for Greeks' oldest ships
Container ship giant MSC swoops for a trio of vessels as S&P market finds momentum Perennial buyer lifts purchase tally at a time when liquidity in the charter market is tight
Secondhand LNG carrier sales action makes brisk start to 2023 with $500m deals on table Almost half-a-billion dollars of deals concluded or lined up in first two months with more to come
'If we snooze, we lose': Clarksons eyes expansion amid tough competition No room for complacency as world's biggest shipbroker plots more growth
Podcast: Why the shipowner lobby wants a price on carbon 'as soon as possible' Audio edition of Green Seas talks to the International Chamber of Shipping about its proposal to adopt a fund-and-reward system by 2024
Container ship giant MSC swoops for a trio of vessels as the S&P market finds momentum Perennial buyer lifts purchase tally at a time when liquidity in the charter market is tight
Secondhand LNG carrier sales action makes brisk start to 2023 with $500m deals on table Almost half a billion dollars of deals concluded or lined up in first two months with more to come
UN reaches 'landmark' marine life deal for the high seas, ships may be barred from reserves New rules are introduced to protect nearly one-third of the world's oceans
North Norway ferries to have largest marine hydrogen fuel cell systems yet PowerCell signs €19.2m deal to deliver systems for two ropax newbuildings
Ocean Yield tests the water for bond refinancing in Oslo Tonnage provider meeting investors to sound out appetite for new debt sale
UN reaches 'landmark' marine life deal for the High Seas, ships barred from reserves After 15 years of talks, new rules are introduced to protect nearly a third of the world's oceans
Clarksons' Case hopes brokers selling tankers into the dark fleet 'have sleepless nights' Boss of world's largest shipbroker has strong words of warning for middlemen taking a cut of Russian business
Iran sanctions pressure group details trading patterns of sanctioned vessels United Against Nuclear Iran said it caught three of the 20 sanctioned ships calling in Iran
France bans Chinese bulker that skipped ship-repair yard call The Xin Feng barred from Paris MOU ports after failing to get deficiencies fixed in China
Optimism drives demolition with Moundreas linked to capesize deal As the financial strain in Bangladesh eases, its yards surprise with some high-value scrapping deals
Giant MSC container ship refloated by tugs in the Suez Canal MSC Istanbul was stuck for hours
Braemar says tankers are set for a generation of long-haul trades Efficient trading including short-haul routes from Russia are unlikely to return any time soon, says broker
Sinokor finally sends 40-year-old LNG carrier for demolition Brisk start to scrapping for ship sector in 2023 as second vessel heads to breakers after six years in lay-up
Andi Case hails best-ever year at Clarksons as investment cash pile swells UK shipbroking group has free cash resources of £131m as broking operations thrive
Drug sniffing dogs and hefty fines: Duffy gets tough on unruly Carnival passengers Carnival Cruise Line president lays down the law on passengers displaying anti-social behaviour
MMA Offshore boosts order backlog with Taiwan deals worth $30m Australian firm awarded contracts supporting offshore wind farm developments during 2023
Cargojet to sell 777 aircraft, defer cargo conversions as demand slips Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
Container shipping market yet to bottom as spot rates keep slipping Container lines are unable to prop up rates because they haven't culled enough capacity to compensate for weak demand.
Qualle's solution for container street turns nets $1.5M "Our goal is to get empty containers out of the hands of those who do not need them and into the hands of those who do, and so far it's working," said Qualle founder and CEO Tyler Sellers.
Maersk Air Cargo idles new freighters as demand subsides After rushing to add capacity, Maersk's in-house cargo airline is hitting the pause button on new routes because of sharply lower shipping demand.
Lufthansa Cargo bullish on 2023 despite Ukraine war, economic slowdown Without Lufthansa Cargo's strong results last year, the Lufthansa Group of airlines would have lost money.
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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