VIDEO: Staten Island Ferry officers finally get a labor agreement After 13 years of negotiations, maritime union MEBA and the City of New York have finally reached an agreement on a new contract for Staten Island Ferry officers. MEBA, which represents all
WISTA USA honors Crowley Crowley has been honored for its contributions to diversity and inclusion in the workplace with the Corporate Diversity Award by WISTA USA, the U.S. chapter of WISTA, the Women's International Shipping and
Mississippi River low water level concerns grow As the Panama Canal continues to be impacted by low water levels, another vital artery of waterborne commerce, the Mississippi River, is again facing similar issues, prompting fears of a rerun of
VIDEO: Cruising's green agenda marks "concrete progress" The Cruise Lines International Association (CLIA) has released its 2023 Global Cruise Industry Environmental Technologies and Practices Report, saying that it shows concrete progress by the sector in advancing its green agenda.
Largest-ever LNG carrier design gains AiPs from two class societies Just how large can LNG carriers get? China's Hudong-Zhonghua (HZ) Shipyard has received Approvals in Principle from two class societies for a new LNG carrier with 271,000 cubic meters of cargo tank
Specialty Shipments: How to Move Fragile and High-Value Items Across States Relocating can be a stressful endeavor, especially when it involves the transportation of fragile or high-value items such as fine art, antiques, or high-end electronics. The risks of damages or losses are always present, making the process even more nerve-wracking. This article aims to offer comprehensive advice on ensuring a smooth, secure move for your valuable possessions from one state to an
"Schedule reliability recovery rate for 2M was above Ocean and THE Alliance for Asia-North Europe trade lane," reports Sea-Intelligence To gauge which of the three container carrier alliances recorded the fastest post-pandemic recovery in schedule reliability, Danish maritime data analysis company Sea-Intelligence pegged their lowest recorded schedule reliability during the pandemic as month "0" and then looked at the change from that baseline in the next months. Source: Sea-Intelligence.com, Sunday Spotlight, issue 630 Figure 1
SAAM Towage Peru handles largest vessel to call on west coast of South America SAAM Towage Peru handled the largest vessel to reach the west coast of South America. In particular, Alexander Von Humboldt, belonging to CMA CGM and part of the ACSA 1 service connecting Asia and South America, docked at the Port of Callao. The ship measures 396 meters in length, 53.6 meters in beam and has a capacity of 16,590 TEUs. Due to its size, the vessel required the assistance of three t
Taiwan port authority warns insurer Hydor over Angel sinking Taiwan's Maritime Port Bureau has warned Norwegian marine insurer Hydor that it could be blacklisted, alleging that the latter has failed to help facilitate the clean-up resulting from the sinking of container ship Angel on 21 July. The vessel was loaded with 1,349 containers, and when it sank outside Kaohsiung port, 776 boxes were submerged with the ship and 160 containers sank after floating. I
CMA CGM implements congestion surcharges in Benin and Senegal Due to existing delays, CMA CGM has announced new port congestion surcharges (PCS) from all ports globally to Cotonou in Benin and Dakar in Senegal. The French carrier will implement a US$150/TEU surcharge on dry and reefer containers destined for the ports of Dakar and Cotonou. The new surcharges will be effective from 15 September and payment will be made on a per-freight basis, according to CM
GEODIS appoints new chief strategy officer GEODIS, a global transportation and logistics company, announced the appointment of Xavier Avrard as chief strategy officer. He will join the Group's Management Board, which will be chaired by Marie-Christine Lombard, chief executive officer of GEODIS. Xavier Avrard joined GEODIS as Group Controller in 2014. He was named managing director for Projects Logistics, initially for Africa and later for
Pelindo and Pertamina to develop Jakarta Integrated Green Terminal PT Pelabuhan Indonesia (Pesero) made an agreement with PT Pertamina International Shipping for joint plans for the development of the Jakarta Integrated Green Terminal (JIGT) at Kalibaru Terminal in Indonesia. JIGT will be the gateway to the energy trading ecosystem through the Singapore-Indonesia corridor which has global trade flows for oil and LNG. Arif Suhartono, president director of Pelindo
Maersk to transport Amazon goods using biofuel and methanol Danish shipping major Maersk and e-commerce giant Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel and methanol. Transport of the containers will be done via Maersk's ECO Delivery product offering. The Danish firm estimates that this will contribute to a reduction in 44,600 metric tons of CO2e ...
Diana Shipping secures charter extension from Reachy Shipping Greek bulker owner Diana Shipping has extended the time charter contract with Reachy Shipping for one of its ice-class panamaxes. Diana Shipping said that it won an extension for the 2014-built bulker . The gross charter rate for the 77,525-dwt vessel is $11,250 per day, minus a 5% commission paid to third parties. The company ...
Bumi Armada develops carbon storage and injection floater concept Malaysian floater and vessel contractor Bumi Armada has developed a design for a floating carbon storage and injection unit (FCSIU). The FCSIU concept, approved in principle by the class society ABS, is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. The new concept ...
Port of Nigg clinches another Moray West deal Port of Nigg in the Cromarty Firth, Scotland, owned and operated by Global Energy Group (GEG), has been selected by Moray West as the location for marshalling of all 62 transition pieces prior to installation as part of the 882 MW Moray West offshore wind farm developed by Ocean Winds, a joint venture between EDP ...
Korean firms developing 12,000 cu m LCO2 carrier design Class society Korean Register (KR) has signed a memorandum of understanding with K Shipbuilding, Sunbo Industries, and Dongsung Finetec to jointly develop a 12,000 cbm liquefied CO2 (LCO2) carrier design. As carbon capture, utilization, and storage (CCUS) technologies become increasingly important in response to the global trend in decarbonization policies, the demand for LCO2 carriers ...
Maybulk sells kamsarmax to Tokyo Century Malaysian Bulk Carriers (Maybulk) has offloaded its 2018-built kamsarmax to Japanese buyers for around $30.1m. The Petaling Jaya-headquartered firm said its unit Kekal Shipping sealed a deal for the sale of 82,100 dwt with financial services company Tokyo Century Corp. Brokers earlier reported the Oshima-built ship going for $31.8m to an undisclosed owner. Maybulk said ...
India makes plans to become green ship fuelling hub India wants to position itself as green refuelling hub in the coming decade. Speaking at a green hydrogen conference yesterday, union minister for power and new and renewable energy RK Singh said: "Globally, shipping will go green within 10 years. So, we have to emerge as a refuelling destination for all green ships, since we ...
Malaysia still stuck with charred remains of abandoned Pablo tanker It is now 128 days since the aframax exploded in Malaysian waters, killing three crew, with the stricken tanker remaining alone, untended, with the authorities at a loss with what to do with the wreck, a warning of the hugely damaging threat posed by the growth of the so-called dark fleet. MarineTraffic data shows the ...
BP, Ecopetrol, Trafigura first users of new supply chain carbon emissions platform A supply chain carbon emissions platform named Agora for Energy was launched on Wednesday at this year's edition of the Asia Pacific Petroleum Conference (APPEC) in Singapore. The platform, created by Trafigura and Palantir Technologies, enables collaboration on carbon emissions information and carbon intensity benchmarking and analysis. First users include BP, Ecopetrol, and Trafigura who ...
Petrobras to install 11 pre-salt FPSOs by 2027 Oil and gas giant Petrobras plans to deploy 11 new floating production storage and offloading (FPSO) vessels in Brazil's pre-salt layer by 2027. Petrobras stated in its 2023-2027 strategic plan that it earmarked $64bn for investments in exploration and production activities, 67% of which will be allocated to investments in the pre-salt layer. With the ...
HMM stands out when it comes to average boxship sizes among global carriers HMM, the South Korean flagship carrier being readied for sale, is the only containerline in the world whose average boxship size is above 10,000 teu. Analysis by Alphaliner shows how reliant four Asian carriers are on the main east-west trade lanes and how this is reflected in their average ship size with HMM sticking out ...
Extended oil production cuts by Saudi and Russia do nothing to diminish bullish tanker forecasts News that Saudi Arabia and Russia have decided to extend their production cuts has been seen as a short-term negative development for tankers, but not a game-changer. Saudi Arabia and Russia have announced plans to maintain their voluntary crude production cuts of 1.3m barrels per day for the remainder of the year, but will re-assess ...
Beijing Convention on the Judicial Sale of Ships comes into force The United Nations (UN) Convention on the International Effects of Judicial Sales of Ships, also known as the Beijing Convention on the Judicial Sale of Ships, was signed into law yesterday in the Chinese capital. The document, adopted in December last year by the UN General Assembly, is aimed at solving cross-border recognition of judicial ...
Shipping will need a 'staggering' 30-40% of global CO2-neutral fuel by 2030 - DNV Shipping will need 30-40% of estimated global carbon neutral fuels in 2030, class society DNV's latest forecast estimates. Up to...
'Hard facts' favour LNG, gas event told Schulte Group chose LNG over methanol mainly because of lack of supply of the latter, Gastech 2023 told
Methane abatement initiative moves toward adoption The Methane Abatement in Maritime Innovation initiative is ready to move to its adoption phase after a year of work
Empire Navigation pleads guilty to sanctions violations in Suez Rajan case Court documents state an Empire Navigation employee instructed Suez Rajan captain to take actions to conceal ship-to-ship transfer with tanker...
The rise of the battery-powered and battery-hybrid merchant ship Technology for batteries and integrated systems for marine applications continues to advance, while regulations for battery-powered and battery-hybrid ships are...
Rhenus acquires majority stake in port agency LBH Group German logistics specialist Rhenus expands Latin American presence with 51% stake in international port agency LBH Group, as it awaits...
Abusers of seafarers act with impunity, says human rights charity Abusers of human rights at sea and complicit entities must not be allowed to get away with it, campaigner David...
Greek owners very active in secondhand market again in 2023 Shipowners in China and Greece are statistically in a tie in terms of controlling the largest fleet, but numbers indicate...
West provided liability cover for VLCC key to FSO Safer emergency operation Risk written after extensive checks on exposure for mutual membership, club confirms
Beijing convention on judicial sales enters into force Agreement simplifies what happens when ships are arrested for debt and auctioned off in a forced sale procedure, giving greater...
More carriers emerge as global terminal operators Container lines learned the hard way that control of supply chains requires control of terminal assets. Recent investments are seeing...
China's shipbuilding outlook stable but labour shortages remain South Korea has introduced overseas workers for the shipbuilding industry but faces tensions with domestic unions
Four crew charged after man thrown from Greek ferry drowns Four crew of the Attica Group ferry Blue Horizon have been charged after a man who was thrown from the...
New platform to boost energy supply chain emissions transparency Agora for Energy aims to add visibility to energy supply chain emissions, enabling carbon intensity benchmarking and analysis
Extended production cuts set stage for tanker rate resurgence in 2024, says Jefferies Cargo demand will be fuelled by the urgency to restock next year as global oil inventories are falling quickly, with...
US safety group launches new box inspection campaign NCB hopes it will find improvements since its previous initiative. It seeks to drive an industry-wide push to safer container...
Daily Briefing BIMCO: Dry bulk demand may flatline if China's stimulus fails | China gobbles record amounts of Iranian oil as Tehran's...
Tankers brace as Saudi and Russia slash production through 2023 Tanker stocks tumble after the two large oil exporters announced the extension on Tuesday
Clark departs Flexport amid differences with founder over strategic shift A difference of opinion over Flexport's strategic shift toward fulfillment aimed at small businesses has prompted CEO Dave Clark to depart the company only a year after he came aboard.
US LTL carriers gain freight, but employment plummets post-Yellow Saia and XPO are the latest LTL carriers to report volume gains in August, a month when trucking employment dropped more than 2% following Yellow's shutdown.
Hapag-Lloyd miss on HMM highlights shipping's lack of level playing field: analyst There is nothing fundamentally wrong with countries protecting their shipping interests, but there are always ripple effects on the commercial side that benefit some stakeholders and disadvantage others, writes analyst Lars Jensen.
Targeted replenishment thins US inventories without raising freight demand Inventories are falling, but orders and shipments aren't necessarily climbing as US retailers seek greater "inventory productivity" by closely tracking customer demand.
Market interest 'should be very high' in DB Schenker sale: CEO The German-based forwarder remains the largest and most attractive takeover target in a cash-rich industry where the main players are all looking for opportunities to consolidate.
Supramax and handysize bulkers rise on 'positive sentiment' Handysizes achieve 'rather lacklustre feel in Asian arena' as tonnage becomes more available, market analysts say
'Significant step': Amazon renews deal with Maersk to move 20,000 containers on green fuel voyages E-commerce giant turns to carrier's ECO Delivery service again for biofuels and is poised to benefit from green methanol voyages
Torvald Klaveness and EGD Invest bag KCC shares at third of the price Major backers take advantage of warrants' strike price to edge up stakes
Amazon renews deal with Maersk to move 20,000 containers on green fuel voyages E-commerce giant turns to Mearsk's ECO Delivery service again for biofuels and is poised to benefit from green methanol voyages
Hydrogen start-up H2Carrier expands top team with former Lauritzen and NYK man Experienced shipping manager Michael Kristensen joins Norwegian company launching first ammonia-producing and exporting vessel
55 carbon carriers will be needed by 2030, estimates Rystad Energy Increasing demand for carbon capture and storage projects will require seaborne transportation
Private equity giant CVC takes over LNG carrier investor DIF Amsterdam-based DIF will renew its focus on the energy transition and digitalisation
Shipping industry targets $3m goal for Africa charity in 2023 Dry bulk sector comes on board as shipping community flexes muscle for annual fundraiser
Mercy Ships gala: Two ships, $7m and a wedding proposal BRS tanker chief Tim Webb signs off in style from charity role as auction raises more than $270,000
Torvald Klaveness and EGD Invest bag KCC shares at less than half-price Major backers take advantage of warrants' strike price to edge up stakes
A different animal: How can carbon insets for shipping avoid the pitfalls of offsets? Pioneers of book-and-claim tokens for selling emissions reductions within shipping tell Green Seas newsletter that transparency is key
Sea trials and poor weather take the wind out of Canopee's sails The great unveiling of a prototype windship proved to be a lot of hot air
Only the strongest survive in London's 'overcrowded' legal market Diversification is key for London HQ law firms and legal services, rather than growth for growth's sake
Greek mogul Marinakis emerges as key player in Idan Ofer's ammonia carrier newbuildings Capital Maritime and Eastern Pacific are understood to be ordering two 88,000-cbm ammonia dual-fuelled gas carriers each
Trader Montfort secures Yasa and Shenlong MR tankers as term rates tick upwards Swiss group reportedly takes four clean carriers on period charters in healthy market
Ukraine's 'safe corridor' for shipping takes the strain off war risk markets Some of the ships that are the subject of the largest Ukraine loss claims have now sailed free
Wind power an option for new KCC combination carriers, Engebret Dahm says Norwegian shipowner investigating how newbuildings can be even more efficient
Kumiai aims for 12% fuel reduction from air lubrication VLGC retrofit Japanese shipowner will use Alfa Laval's OceanGlide system to cut water resistance
Product tanker rates hold at healthy levels on high refinery margins Sector performing better than crude counterpart, with low oil inventories in Europe
Honwin Shipping supramax bulker arrested in Singapore Bumpy start under new ownership lands bulker in custody of the Singapore Sheriff's Office just over a year later
Big name shipowners dive into MAMII methane abatement group Maran Gas Maritime and Shell are just two of the members piloting measuring and abatement kit on an LNG carrier
Trafigura brings BP on board to launch carbon emissions platform Agora for Energy service aims to promote collaboration on supply chain decarbonisation
NYK reveals huge share buyback despite falling profit Japanese giant could spend up to $1.36bn on its own shares until next April
Wallenius Wilhelmsen lines up $5m share sale to reward bosses Car carrier owner needs to cover obligations under a long-term incentive scheme
Eastern Pacific accelerates green drive with MAN ammonia engine signings Newbuildings in China will be fitted with dual-fuel engines
German container ship catches fire following collision with another vessel in Greece Situation said to be 'under control' as crew manages to put out blaze and reports just material damage
MOL PCTC rescues sailors following shark attack off Australia Australian Maritime Safety Authority said vessel had suffered several attacks by sharks
Australia's Port of Townsville aims to triple trade by 2050 Queensland port is also set to be boosted by larger cruise ships following channel upgrading project
Port of Corpus Christi promotes interim CEO to permanent role Kent Britton was named as CEO of the Port of Corpus Christi on Wednesday after the previous chief executive abruptly resigned in May.
Biden hails ratification of West Coast dockworker contract Along with a six-year port agreement, President Biden is underscoring the role of UPS Teamsters and ocean shipping reform in boosting the U.S. economy.
Tanker shipping takes another hit from Saudi, Russian crude cuts This was supposed to be a banner year for crude tankers, but output cuts and the Russian price cap are keeping rates under pressure.
DHL Express opens freighter route to Argentina A DHL airline has begun providing regular connectivity to Argentina within the DHL parcel network.
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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