NTSB reports on $12.3 million collision between bulker and OSV The bridge watch officers on a bulk carrier and an offshore supply vessel (OSV) were not maintaining a proper lookout before a collision last year near Port Fourchon, Louisiana, the National Transportation
Kongsberg wins Suez Canal salvage tugs contract Kongsberg Maritime is to provide the design and equipment for two powerful salvage tugs being built for the Suez Canal Authority by Egypt's Alexandria Shipyard. With a length of 71.6 meters, a
Nor-Shipping 2023 awards winners announced The winners of the Nor-Shipping 2023 awards have been announced - with wind-assistance a common element of all of the top three winning entries. Swedish/Danish tanker operator Terntank, wind power pioneer AlfaWall
C.H. Robinson selects new CEO Dave Bozeman will be the new chief executive officer (CEO) and member of the board of directors at C.H. Robinson Worldwide, Inc. Bozeman most recently served as vice president, Ford Customer Service Division, and vice president, Enthusiast Vehicles, for Ford Blue of Ford Motor Company, where he oversaw the overall business performance for some of Ford's most notable vehicle brands. He will take o
WaveBL raises US$26 million in latest funding round WaveBL, an electronic Bill of Lading (eBL) provider, has secured a US $26 million Series B Funding Round, which was led by US investment firm NewRoad Capital Partners. Existing investors ZIM, Marius Nacht , Contour Venture Partners, Frank Sica , and Techstars Central LLC also participated in this funding round, while there was a new investor, Reefknot Investments, backed by Temasek and Kuehne + N
Kuehne+Nagel acquires leading South African freight forwarder Kuehne+Nagel has announced the acquisition of Morgan Cargo, a South African, UK and Kenyan freight forwarder specialising in the shipping and management of perishable goods. During 2022, Morgan Cargo handled more than 40,000 tonnes of air freight and more than 20,000 TEUs of sea freight globally, managed by approximately 450 logistics experts. Kuehne+Nagel said that Morgan Cargo's purchase comple
GCMD and GSBN ink collaboration agreement to boost decarbonisation The Global Shipping Business Network (GSBN), a blockchain technology consortium providing a data exchange platform, signed a Knowledge Partnership Agreement with the Global Centre for Maritime Decarbonisation (GCMD). By facilitating the secure and scalable sharing of data relevant to decarbonisation activities, the partnership aims to assist in overcoming the transparency gap between digitsation
MOL goes live with Marlink smart hybrid network solution Marlink, a smart network and digital solutions provider, will assist Japanese shipping company Mitsui O.S.K. Lines (MOL) in assessing the impact of LEO Internet services on business sustainability and crew well-being. MOL will assess past, present, and future user experiences and investigate how Internet access can contribute to the company's crew recruitment and retention strategy under an agree
DP World incentivises rail cargo movement in UK In a major new initiative, DP World, a provider of global supply chain solutions, is directly incentivising its customers in the United Kingdom to transfer their imported goods off the road and onto rail, reinforcing its ambition to be the most sustainable logistics business in the UK. The "Modal Shift Programme" is intended to make intermodal rail more appealing to customers via the use of caref
New 24,000 TEU vessel joins OOCL's fleet Orient Overseas Container Line (OOCL) has received a new mega-vessel, officially named "OOCL Türkiye" at a ceremony held at Nantong COSCO KHI Ship Engineering Co. (NACKS) shipyard. In particular, this new vessel becomes the third 24,188 TEU vessel to be received by the COSCO-owned box line in a series of twelve ships. The vessel was named by Jane LIU, chairwoman at SaiLun Group Co., a global tire
ABP invests in digital asset management to enhance reliability and sustainability of port operations UK's port and terminal operator Associated British Ports (ABP) introduced a new investment programme that aims to digitalise asset management across its network of 21 ports. More specifically, ABP invested US$1.8 million in a mobile solution which is expected to enhance the reliability and sustainability of port operations. In collaboration with Mainsaver and Spidex, this wider rollout follows a
X-Press Feeders books up to eight methanol-powered feeder vessels X-Press Feeders has ordered up to eight 1,250 TEU methanol-fuelled container ships at CSSC Huangpu Wenchong Shipbuilding. The Singapore-based carrier, which operates routes within Asia, the Persian Gulf, South America and Europe, placed firm orders for six ships on 31 May, with options for another two vessels. The contract signing ceremony was attended by X-Press CEO Shmuel Yoskovitz, chief finan
Mawani, Saudi Post sign deal to boost Saudi Arabia's logistics sector The Saudi Ports Authority (Mawani) and Saudi Post (SPL) have signed an agreement aiming to improve and optimise service delivery in Saudi Arabia in line with the objectives of the National Transport and Logistics Strategy (NTLS). According to Mawani, through this collaboration, the companies are set to deploy the latest technologies and modern capabilities in developing a high-performance and cos
Anker Schiffahrt inaugurates new office building in Germany Anker Schiffahrts-Gesellschaft mbH, a seaport transshipments and terminal operator in the outer port of Emden, Germany has had a new office building constructed at its company headquarters Am Flügeldeich (outer harbour) over the past two years. The official inauguration ceremony took place at the end of May and was attended by employees, customers and business partners, as well as well-known repr
Diana Shipping clinches SwissMarine cape charter New York-listed Greek bulker owner Diana Shipping has sealed a time charter deal with Singapore's SwissMarine for its capesize . The 2010-built ship has been fixed from June 11 at $16,000 per day until October 1, 2024, with options up to December 7 of the same year. The Semiramis Paliou-led company said the employment of ...
Kuehne+Nagel takes over South African reefer specialist Morgan Cargo Swiss-based logistics giant Kuehne+Nagel is expanding its perishables network to and from South Africa, the UK and Kenya with the acquisition of Johannesburg-based freight forwarder Morgan Cargo for an undisclosed sum. Established in 1993, Morgan Cargo changed its core airfreight focus to include ocean freight service delivery in 2000. The reefer specialist employs more than ...
Yinson Production JV seals Vietnam FSO charter extension A joint venture between Singapore-based Yinson Production, part of the Malaysian Yinson Group, and PetroVietnam Technical Services Corporation (PTSC) has received a bareboat charter extension for the floating, storage and offloading (FSO) unit PTSC Bien Dong 01. The extension via the addendum entered by PTSC and PTSC SEA JV, which is 49% owned by Yinson, ...
More disruptions feared from cyber attacks The majority of maritime professionals expect cyber attacks to disrupt ship operations in the coming years, with more than three quarters believing an incident is likely to force the closure of a strategic waterway. A survey of 801 industry professionals by class society DNV found that more than half also expect cyber incidents to cause ...
Himalaya Shipping fixes two more newcastlemaxes Tor Olav Troim-backed Himalaya Shipping has secured employment for two more of its LNG dual-fuel newcastlemax bulk carriers currently under construction in China. The New York- and Oslo-listed owner said "a substantial and reputable counterparty" will take the duo on charter for between 22 and 26 months upon delivery from New Times Shipyard between January ...
Adnoc Drilling adds two jackup rigs in latest investment push UAE-based Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has further expanded its portfolio of offshore jackup rigs, having snapped up a pair of premium units for $220m. The Gusto MSC CJ46 design rigs will be delivered into Abu Dhabi waters and become operational during the fourth quarter ...
Sweden's SeaFjord Energy unveils world's first e-bunker vessel Sweden's SeaFjord Energy has developed the world's first e-bunker vessel, delivering electricity to ships in port or at sea. The ground-breaking new type of vessel creates the opportunity for the shipping industry at sea to become completely climate neutral, the company said. "The e-bunker vessel represents a new era in the shipping industry and enables ...
Biden administration urged to intervene as threat of port strikes spreads north of the border The Biden administration is coming under renewed pressure to intervene and resolve labour issues across US west coast ports as industrial action stretches into a fifth day, and the threat of strikes north of the border emerges. With employers and employees into their 13th month of negotiating new contracts, the tense situation broke down on ...
Kongsberg showcases new platform supply and anchor handler ship designs Norway's Kongsberg Maritime has unveiled a new range of anchor handler (AHT) and platform supply vessel (PSV) designs that come with a range of innovations to help shipowners address current and future challenges around efficiency, emissions reduction and developing market requirements. The AHT and PSV designs have received approval in principle from class society DNV ...
'Unprecedented drought' forces changes along the Panama Canal "We could not have predicted exactly when the water shortage would occur to the degree that we are experiencing now." A stark warning yesterday from Ricaurte Vásquez Morales, the administrator of the Panama Canal on the worsening drought creating traffic issues for ships transiting the Central American nation, likely to be one of the recurring ...
BlueFloat targets over 7 GW of floating wind in the Philippines Spanish floating wind developer BlueFloat Energy has entered the Philippines through the acquisition of wind energy service contracts (WESCs) for four sites in the country with a total capacity of around 7.6 GW. BlueFloat has over 30 GW of planned bottom-fixed and floating projects in ten countries. The company said its entry into the Philippine ...
X-Press Feeders taps Huangpu Wenchong for six methanol dual-fuel containerships Eastaway, the shipowning arm of Singapore's X-Press Feeders, has ordered six 1,250 teu methanol dual-fuel newbuild containerships at CSSC-affiliated Huangpu Wenchong Shipbuilding. The first boxship will enter X-Press Feeders' Europe trade routes by the second quarter of 2025, with all vessels joining the fleet by the third quarter of 2026. The ice class newbuilds will ...
Mitsubishi Shipbuilding and CSSC work together to develop ammonia-fuelled ships Engine manufacturer WinGD, part of Chinese state-run shipbuilding group CSSC, and Japan's Mitsubishi Shipbuilding have signed a memorandum of understanding to enter into a partnership on ammonia-fuelled vessels. The project will see WinGD applying its X-DF-A ammonia-fuelled engines to a range of vessel designs, with Mitsubishi both designing the vessels and completing the fuel chain ...
Anglo-Eastern secures recruitment reprieve in India Hong Kong-based shipmanager Anglo-Eastern has won a reprieve in India, where its recruitment ban has been put on hold. Splash reported yesterday on India's Directorate General of Shipping's decision to suspend the manager's recruitment placement and service licence (RPSL) for three years on the back of a long-running case involving the death of a seafarer ...
Cyprus calls for EU ship recycling regulation capacity upgrade With increasingly strict environmental regulations coming into play, shipping's ageing fleet will see the premature recycling of many vessels - the value proposition of retrofitting with cleaner propulsion and efficiency solutions proving less attractive than newbuild orders. Ioannis Efstratiou, Cyprus shipping deputy ministry's director of safety and environmental Protection, highlights the curr
The Lloyd's List Podcast: Is the industry moving fast enough? There is a visible gap between what the industry is saying it is doing about decarbonisation and what it is...
Threat of labour action spreads to Canada's west coast The threat of strikes looms over key Canadian ports of Vancouver and Prince Rupert, important gateways for US cargo, and...
Maersk drafts in European Commission president to name first methanol boxship 'The European Commission, and especially its president, have been instrumental in steering the European continent towards an ambitious, green future,'...
Russia's dark fleet tankers shifts class to India Shipping Register The world's 10th-largest classification society has about 4% of global market share of tanker fleet but is the recognised organisation...
Long-term demand for shipping to fall, says Nobel Prize-winning economist Investment decisions being made today must take into account the future global economy
John Kerry calls on IMO to set 2030 targets Shipping industry participants, as well as government officials, have been ramping up the pressure on the International Maritime Organization to set...
Competitive compulsion leaves shipping vulnerable to cyber bullies Failure to share what went wrong, as well as what went right, is a cause of industry inefficiency. Many companies...
Steamship chief executive warns on inflation effect Jonathan Andrews hails 'strong' result at International Group affiliate
Feeder boxship charter rates under pressure as supply rises Time charter rates for smaller boxships are coming under pressure for the first time in several weeks but rates are...
Technology and financing no longer seen as barriers to shipping's decarbonisation Shipping executives now view regulation as the key barrier that will need to be addressed to kick-start investment in alternative...
Cyber security funding falling behind as risks escalate A research report from DNV finds that as ships are increasingly connected to shore, industry attitudes to cyber resilience are...
GSBN and GCMD join forces to enhance data sharing for green shipping The partnership aims to combine GSBN's strength in data infrastructure and GCMD's technical expertise in decarbonisation
Confessions of a carbon emitter: Fortescue founder's passionate plea to accelerate decarbonisation With time of the essence, FMG founder and chairman Andrew Forrest sends clear message to shipping to get its act...
Jefferies lowers dry bulk estimates on weaker China steel outlook While China's reopening led to higher steel production and iron ore imports, a sustained recovery 'seems farther away' based on...
X-Press Feeders orders up to eight dual-fuel boxships at Huangpu Wenchong Shipbuilding With the six firm orders, the Singapore-based carrier will have 14 dual-fuel vessels in the pipeline
Abu Dhabi Ports develops ship repair facilities Crystal Offshore will build a ship repair yard within Khalifa port, while MTQ Corporation plans to set up a fabrication...
WinGD and Mitsubishi tie-up to develop ammonia-fuelled vessels WinGD will develop a range of sizes for its X-DF-A engines, while Mitsubishi will design the vessels, set performance parameters...
Daily Briefing IMO and EU eye eventual convergence of regional and global regulation | Government intervention imperative in tackling shadow oil fleet...
USWC longshore contract talks resume while terminal disruptions continue The disruptions happening now are a repeat of events in April when ILWU locals up and down the coast slowed cargo handling to gain leverage on local issues, which prevented coastwide negotiators from addressing broader issues such as wages and pension benefits.
MSC adds North American calls to Latin America-Europe service The ports of Boston and Halifax are getting additional trans-Atlantic coverage through a new rotation on Mediterranean Shipping Co.'s north-south service from Ecuador.
Vancouver port authority searching for new leader after CEO says will step down Perhaps Robin Silvester's biggest accomplishment leading the port was shepherding the early stages of the Roberts Bank Terminal 2 project, which cleared a major environmental hurdle last month and will double Vancouver's annual throughput capacity.
Megaship deliveries add to growing capacity on Asia-Europe trade About 65% of the current carrier orderbook is for ships over 15,000 TEUs in capacity, the majority of which will be deployed on the already oversupplied Asia-Europe trade.
C.H. Robinson taps Ford executive Bozeman as new CEO The appointment of a new CEO for the US's largest logistics provider comes six months after the dismissal of ex-CEO Bob Biesterfeld, who was let go amid slowing freight demand, rate declines and investor unrest.
Lois Zabrocky survives shareholder vote for board seat at International Seaways Director Kate Blankenship also prevails after challenge from largest shareholder John Fredriksen and his Famatown Finance
Zabrocky survives shareholder vote for board seat at International Seaways Director Kate Blankenship also prevails after challenge from largest shareholder John Fredriksen and his Famatown Finance
Diana fixes capesize bulker for 16 months at above-market rate But the daily time charter rate is much lower than what the ship earned on the previous charter
Arctic set for ice-free Septembers from the 2030s Russia is poised to exploit the retreat of sea ice to promote energy exports to Asia
Brittany Ferries boss lambasts low-wage rivals amid freight slump European ropax operator hit by collateral damage of overcapacity and price war
Fearnley Offshore Supply celebrates 50 years by bringing back awards night Oslo broker celebrates golden anniversary with 200 closest friends
EU urges IMO to hurry up and follow its lead in decarbonisation Shipowner representatives told international regulators the industry is crying out for more regulation, while Brussels wants the IMO to follow its lead
Danish researchers reveal winners and losers in fresh dry bulk emissions rankings Anders Liengaard and Soren Roschmann have added a fresh twist to their annual survey of dry bulk shipowners
Knutsen NYK Carbon Carriers inches closer to first LCO2 orders New containment design will allow transport at ambient pressure, cutting cost and energy consumption, companies say
John Kerry likens climate change to D-Day invasion amid call for net zero by 2050 goals US climate envoy says this is a 'decisive decade' and that global warming will not be stopped without shipping's help
Panama Canal adopts water-saving measures in response to severe drought Waterway's authority explains how it is coping with the driest year since 1950
Owners urged to get smart fast as shipping's war on drugs intensifies Shipowners need to keep on top of the changing trade patterns and tactics of drug smugglers
Bargain price 'surprises' brokers as DHT VLCC buy identified Enesel's Maria P Lemos said to have been acquired for well under broker valuations
Cyber-attack likely to shut down major waterway within two years, DNV warns Classification society study reveals the cyber risks posed by an increasingly interconnected global fleet
Spliethoff multipurpose ship breaks down in Dardanelles strait Mechanical failure meant the Slotergracht needed a tow in busy waterway
Ocean Yield takes out $42m of expensive perpetual bond issue Sale-and-leaseback shipowner makes another buy back move after selling new debt in March
Shipping leaders mull how to nudge carbon cuts in an industry not structured for change 'No one is really incentivised to improve,' Christian Bonfils says of shipping's contractual structures
GNMTC offloads older aframaxes after snapping up Atlas resales Libyan owner sells two tankers that had doubled in value over the last year
Ursula von der Leyen to name Maersk's first green-methanol-capable ship President of the European Commission will be godmother of the 2,100-teu feeder container vessel that will be world's first to run on green methanol
Tonnage providers behind charters of 7,000 teu newbuildings to CMA CGM Names of shipowners chartering nine vessels emerge after delivery of first ship
Nobel Prize-winning economist Joseph Stiglitz offers stark warning to shipping Former World Bank executive says coming changes to the global economy spurred by climate change will lead to less shipping
First laden LNG carrier opens NSR summer season with eastbound voyage Ice-breakers line up ready to escort other vessels through Arctic waterway to China and beyond
Ocean Yield takes out $36m of expensive perpetual bond issue Sale-and-leaseback shipowner makes another buy back move after selling new debt in March
Himalaya Shipping fixes out two more dual-fuel newbuildings at record rate The Oslo and New York-listed owner now has cover for nine of its 12 new ships
VLCCs face biggest hit from Saudi oil production cut Largest crude carriers unlikely to surpass rates for smaller carriers this year, BRS says
Norway's Faerder poised to ink orders for ammonia-fuelled tankers and car carriers Shipless shipowner is plotting a spree at Chinese yards this summer
Inchcape Shipping creates new role for former BP fleet manager Anna Evangelidis Port agency and marine services group now has a chief operating officer
Mosvolds boss Peder Nicolai Jarlsby scoops fantasy football's May prize But former analyst missed out on the big one as MAP's Oscar Ulstein won overall - again
Norway's Faerder Tankers poised to ink orders for ammonia-fuelled tankers and car carriers Shipless shipowner Faerder Tankers is plotting a spree at Chinese yards this summer
SeaFjord Energy develops first e-bunker ship to deliver electric power Swedish company hoping to progress to shipyard orders for innovative vessels
Contract renewals and spot strength drive rates to new highs, Hoegh Autoliners says Boss Andreas Enger says volumes also showing positive trend
Shipping leaders mull how to nudge carbon cuts in an industry not structured for change 'No one is really incentivised to improve,' Christian Bonfils says of shipping's contractual structures
Shipbuilder Zhoushan Changhong nets its first-ever LR2 tanker orders A Singaporean company has signed up for two tankers while a European buyer has ordered up to eight ships
Moves gather pace to offload Hyundai LNG Shipping before end of June South Korean buyer option being nudged to fore but other big names emerge as having shown interest in company
Austal linked to potential buyout bid by US defence investors Australian fast ferry specialist reported to have appointed bank and advisory firm to consider offers
Teodor Shipping linked to top-dollar suezmax tanker newbuildings at Samsung Deal marks first oil tanker contract for shipyard this year
Tanker stocks take predicted drubbing after Opec+ extends supply cuts One-year extension of prevailing cuts plus Saudi Arabia's go-it-alone 1m bpd reduction combine to spook investors in US peer group
Mexico offers incentives to lure investors to Tehuantepec trade project The Mexican government is offering incentives to attract investors to the Isthmus of Tehuantepec global trade hub project.
Cargo revenues to fall $65B in 2023, airline group says IATA forecast suggests weak airfreight demand will continue without peak-season rebound
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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