USCG recovers more human remains from Titan submersible wreck site Marine safety engineers with the Coast Guard's Marine Board of Investigation (MBI) recovered and transferred remaining Titan submersible debris and evidence from the North Atlantic Ocean seafloor, October 4. Additional presumed human
Sicily to get a "made in Sicily" ferry Italy's Sicilian Region is to get an entirely "made in Sicily" ferry to link it with its smaller islands of Lampedusa and Pantelleria. The EUR 120 million contract for the LNG dual-fueled
FTA's Donald Burns to keynote FERRIES 2023 conference The ferry market continues to rebound from the pandemic and is making great strides to improving ridership and going green thanks to innovation and also available funding opportunities. Opening the FERRIES 2023
Port of Halifax publishes report on building workforce capacity for net-zero future The workforce development team at the Port of Halifax in Canada has released its report on green skills for a net-zero economy. This is part of the Port of Halifax's continuous efforts to cultivate a skilled and diverse workforce, which includes Work Integrated Learning (WIL) programs, hackathons, seminars, and other activities. The study is based on contributions from the Nova Scotia Apprentices
MOL and MCS Internasional form new LNG carrier joint venture MOL (Mitsui O.S.K. Lines) and PT MCS Internasional, a manning company in the PT Humpuss Maritim Internasional Group, officially launched PT McMOL Crewing International, a new joint-venture LNG carrier manning company in Indonesia. The joint-venture firm intends to start operations in April 2024 and will primarily allocate sailors to the MOL Group's fleet of LNG carriers. According to a statement,
ORBCOMM introduces dry container telematics solution ORBCOMM Inc., a global provider of supply chain Internet of Things (IoT) technology, announced that its new dry container telematics solution is commercially available through its global distribution network. Therefore, ORBCOMM will be showcasing its maritime IoT offering at stand D32 during this year's Intermodal Europe conference from 10-12 October at the RAI Amsterdam in Netherlands. In partic
Mawani and GEOSA start collaboration on research, commercial and logistics operations The Saudi Ports Authority (Mawani) and the General Authority for Survey and Geospatial Information (GEOSA) have signed a Memorandum of Cooperation to strengthen mutual engagement in data sharing, technical consultation, research, surveying, and geospatial services. The agreement was signed in the Mawani headquarters in Riyadh, capital of Saudi Arabia by Omar Hariri, Mawani president, and Mohammed
MSC Air Cargo completes its first direct flight from Italy to Japan The first flight operated by MSC Air Cargo, the MSC Group's air cargo division, has departed from Italy's Malpensa Airport. In particular, the Boeing 777-200 Freighter, adorned with the MSC livery in white with yellow and black stripes, landed at the Lombard airport from Liege Airport (Belgium) before departing for Tokyo, Japan. This inaugural flight is part of a weekly service, operating every F
Golden week holidays no barrier to rate index decline Rates on the two major trades to Europe and the United States continued to slide even as workers begin their slow return to factories in China following the Golden Week holidays. Last week's shutdown of production in China included the Shanghai Container Freight Index (SCFI) which will resume publishing its rates this week with the headhaul Pacific rates already US$200/FEU below the last SCFI val
Quick and Effective Financial Solutions for Small Businesses Small businesses often face financial challenges that require quick solutions. Whether you're looking to avoid cash flow shortfalls, invest for growth, or run into unforeseen expenses, knowing the tools that can help you access financial resources quickly is always helpful. In this article, we'll look at several quick financial solutions tailored to the needs of smaller companies. The Most Common
Hapag-Lloyd revises INDAMEX 2 service rotation Hapag-Lloyd has decided to discontinue its vessel calls at Norfolk, US on its INDAMEX 2 (IN2) service, effective from November 2023. The updated IN2 service port rotation will be as follows: Port Qasim (Pakistan) - Mundra (India) - Nhava Sheva (India) - Jeddah (Saudi Arabia) - Charleston (US) - Savannah (US) - Port Qasim The German ocean carrier said it will use its INDAMEX (TPI) service as an al
Africa Global Logistics wins international tender for Lobito container and multipurpose terminals The Angolan authorities have announced that Africa Global Logistics (AGL) was the successful bidder for the Lobito container and conventional terminals, following an international call for tenders launched in January 2023. With the support of MSC, AGL's industrial project aims to improve the connectivity of the Lobito port platform, while it is expected to boost trade in the region and support in
Tacoma terminals halt operations after fatality accident All terminals in Tacoma, US remained closed on Monday, 9 October due to a fatality that occurred during Sunday night operations at a marine terminal in Tacoma. The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, said that normal operations will resume today, 10 October. "We appreciate your understanding at this time and offer our deepest
deugro boosts its global presence with two new branches in Europe deugro, a highly specialised expert in freight forwarding and project logistics solutions, will establish its second branch in Aarhus, Denmark on 1 November, as part of its expansion plan, to increase client proximity and attract and hire more staff. This second branch expands on the well-established Herning branch, which celebrated its 20th anniversary on 1 January 2023. The new office is anothe
Associated British Ports to restore Grimsby docks heritage Associated British Ports (ABP) historic buildings at the Port of Grimsby are being brought back into use as part of a programme of renovation works. Twelve buildings have initially been earmarked for requiring urgent work. This list of buildings and required works have been identified from condition surveys undertaken by ABP, Historic England, and North East Lincolnshire Council, as part of grant
Maersk unveils methanol-fuelled newbuildings with new design Maersk has unveiled the new look of its new series of 12 large methanol enabled container vessels. The new vessels with the new container ship design are expected to enhance the fleet of the Danish ocean carrier in the next months. "The first in a new series of 12 large methanol enabled container ships, made her launching and undocking milestone," said Maersk in a Twitter post. The new container
HMM returns to port of Koper after ten years South Korea's major ocean carrier HMM established a new link with the port of Koper in late summer, with connecting transhipment in Piraeus, Greece from where HMM provides direct services to Asian and Indian ports. The FIM (Far Est - India - Mediterranean) provides relatively quick travel times from/to Indian ports such as Nhava Sheva and Mundra. According to the port of Koper's statement, HMM ha
Marco Polo Marine sets up another joint venture with Taiwan's Shengfan Singapore offshore vessel player and shipyard Marco Polo Marine has formed another joint venture company with Taiwan's Shengfan. The company's subsidiary, Marco Polo Offshore, has incorporated M Renewables in the Cayman Islands, where it will hold a 49% ownership stake. Back in 2021, the duo set up a jv company, Oceanic Crown Offshore Marine Services, ...
EU puts a stop to antitrust exemption for liner shipping consortia The European Commission has decided not to extend the EU legal framework which exempts liner shipping consortia from EU antitrust rules. The Commission said on Tuesday that the Consortia Block Exemption Regulation (CBER) no longer promotes competition in the shipping sector and therefore it will let it expire on April 25, 2024. Today's decision follows ...
KCA Deutag Azerbaijan venture lands $300m contract extension Turan Drilling & Engineering, a joint venture between drilling and engineering contractor, KCA Deutag and drilling and integrated well services company, SOCAR AQS, has secured a contract extension in Azerbaijan worth $300m. The two-year extension, effective from April 2024, will see Turan continue to deliver drilling operations and maintenance as well as procurement and warehouse ...
SAL Heavy Lift bolstering fleet with pair of modern deck carriers Germany's SAL Heavy Lift is strengthening its fleet with two modern semi-submersible deck carriers on a long-term charter deal with Shanghai Salvage in China. The 2022-built Zhong Ren 121 and Zhong Ren 122 will be delivered in Shanghai between December 2023 and February 2024 and marketed through the Jumbo-SAL-Alliance, a joint venture with the Dutch ...
Lomar taps into autonomous hull cleaning tech Lomar has teamed up with US robotics startup Alicia Bots to deploy autonomous hull cleaning technology on up to fifteen of its vessels. The UK-based shipping subsidiary of Libra Group said the move both integrates cutting-edge robotic hull inspection and grooming solutions into its biofouling control practices as well as tests new use cases, "marking ...
Viking Supply Ships wins anchor handler work in Australia Sweden's Viking Supply Ships has signed a contract for one of its anchor-handling tug supply (AHTS) vessels for operations outside Australia. Viking Supply Ships said that it won a deal for the anchor handler - soon to be named Andreas Viking. The vessel will be operated by Go Offshore under a time-charter with an unnamed ...
Shipping on alert as Israel's war with Hamas enters fourth day The war that has broken out between Israel and Hamas has shuttered one port 10 km north of the border with the Gaza Strip, currently being pounded by the Israel Defense Forces (pictured), while international shipping has been cautioned to exercise extreme caution when transiting near the region. Ashkelon, Israel's biggest oil terminal, has been ...
Aker BP and DeepOcean team up on unmanned vessel operations Norwegian ocean services provider DeepOcean has sealed a deal with oil and gas company Aker BP to use an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work. The two companies, which already cooperate under a frame agreement for subsea IMR and survey work, share a long-term ambition to move ...
Reach Subsea firms up cable route survey deal with SSEN Transmission Norwegian offshore services player Reach Subsea has penned a survey contract with Scottish energy firm SSEN Transmission for the Spittal to Peterhead HVDC power cable as part of a significant upgrade of the electricity transmission network to facilitate the increase in renewable energy generation across the north of Scotland. The Oslo-listed firm will collect data ...
Oceaneering scores five-year contract with Petrobras Houston-based Oceaneering has secured a five-year contract from Petrobras potentially worth up to $75m. The contract, which will be executed by Oceaneering's Brazilian subsidiary Marine Production Systems, covers the operation of three existing drill pipe riser ("DPR") systems to support intervention and completion operations in Brazil. The company will be replacing the umbilicals on the ...
Metrostar exits aframax segment in busy week for tanker sales The vintage groove in tanker S&P has been replaced by sales of modern tonnage, with brokers reporting a flow of young tankers sold, reflecting that average earnings remain healthy in most segments. Mostly cash-rich tanker owners are selling such as shipping and steel magnate, Theodore Angelopoulos and billionaire shipowner George Economou. The takers are ...
Cape sales jump in line with soaring rates October bulker sales are fired up by firming capsize rates, fuelling excitement in the larger segments. With the Golden Week over in China, more deals are expected to filter in during the coming days. Capesize spot earnings have hit year-high numbers closing in on $30,000 a day in recent days. "The low rainy season has ...
Estonia and Finland sign green corridor agreement Representatives from Estonia and Finland have signed a green corridor memorandum of understanding (MoU) to speed up marine decarbonisation between the two neighbours. The MoU was signed by the cities and ports of Helsinki and Tallinn, Rederi AB Eckerö, Tallink Grupp and Viking Line, the Estonian Ministry of Climate, and the Finnish Ministry of Transport ...
Maersk unveils new-look boxship Maersk has revealed the design of its new-look series of 16,200 teu methanol-fuelled ships which feature the accommodation at the bow and no islands along the vessel. The first in a series of 12 methanol-enabled containerships made its launching and undocking milestone over the weekend. The ship is under construction at HD Hyundai Heavy Industries ...
Propeller Club elects Maria Conatser as first female international president The International Propeller Club, one of the world's largest maritime networking organisations, has elected and installed its leaders for the next two years at its 97th annual convention in Charleston, South Carolina. Representatives of the club's 77 chapters from around the world elected Maria Conatser as international president making her the first woman to be ...
Renewable hydrogen-based fuel share to reach 3% by 2030, DNV says DNV's energy transition outlook estimates just a 19% share for green hydrogen-derived fuels in 2050
Latest Capital moves underline Marinakis' twin-track mind New filing with the SEC hints at refocusing public partnership towards the LNG carrier business, although this would hardly count...
MOL JV to train seafarers for LNG in Indonesia MOL manages and operates the world's largest fleet of LNG carriers
Green corridors lack commitment, says Cargill The current crop of green corridor proposals could feasibly secure the technology and the low-carbon fuels, but it is the...
First vehicle carrier recycling sale since 2021 confirmed as MSC sells a 35-year-old boxship for scrap The 36-year-old Foresighter is the first vehicle carrier to have been sold for recycling since March 2021, while MSC is...
Vafias steps into dragon's den of local politics StealthGas and Imperial chief executive likely to be deployed by new mayor for his fundraising experience
Carriers lose fight to keep consortia block exemption regulation European competition authorities have finally brought to an end an anomalous rule that dates back to the conference era. Vessel...
Owners and charterers tussle in Cyprus over bill for low-friction paint Executives at two of the world's largest dry bulk charterers, Cargill and Louis Dreyfus, outline why they will not always...
'Too much FOMO': high premiums draw war risk insurers back to Ukraine cover Significant increase in enquiries in recent weeks, market sources confirm
Lomar dives into robotic inspection and cleaning collaboration Co-operation seen as 'significant leap forward' in industry's pursuit of efficiency and sustainability
The week in newbuildings: First Maersk alt-fuel ULCS launched as dual-fuel methanol orders prevail The first in a new series of dual-fuel methanol ultra-large containerships has been floated out of its building dock as...
Cosco eyes VLGC newbuilds amid surging China LPG appetite Industry sources suggest the state-owned giant has sought to expand the business, where it has little exposure, amid China's ballooning...
Cosco Shipping Holdings forecasts 77% profit slump for first three quarters amid weak market The China Containerised Freight Index dropped by nearly 70% in the same period
Israel-Hamas conflict: Impact on crude tankers 'neutral' for now, says shipbroker Ports Ashdod and Ashkelon have higher risk of disruptions, latest reports say Ashkelon and its oil terminal shut
Daily Briefing Euronav and Frontline offer two very different visions of the future | Procopiou: EU regulations on shipping 'just bullshit' | Israel marine...
Growth in demand for natural gas to slow by a third until 2026: IEA Accelerated rollout of renewables and improved energy efficiency key drivers behind the change in consumption patterns in mature markets
Montreal port gets federal funds for mega-terminal after operators balk at risk The Montreal Port Authority said the funding will allow it to "implement a new delivery model" for the Contrecoeur terminal project after talks with initial bidders did not lead to a "satisfactory" result.
Typhoon leaves vessel delays in its wake as ports in China, Taiwan reopen Both Hongkong International Terminals and Modern Terminals confirmed cargo handling operations at their facilities at Hong Kong's Kwai Chung container port were halted for about 33 hours, gradually resuming late Monday afternoon.
Ex-Tiger Cool executives take second stab at Washington state reefer ramp Tri-Cities Intermodal said it will revive plans to refurbish a cold storage warehouse and rail ramp served by Union Pacific's intermodal service.
Dry bulk heavyweights chime in on impact of Middle East warfare For a sector that's had to get used to 'black swan' events, how to digest yet another?
South Korean VLCC hunger and aframax surge push dirty tanker index to 11-week high Baltic Dirty Tanker Index finds new multi-month high as Maran and VL8 tankers ride rebound
Frontline fever hits New York: Fredriksen not 'crazy' as Barstad upgraded to platinum Capital Link session turns to a subject that seems to be on everyone's mind
IMO works on 'fixing' faults with carbon rating scheme, says senior official Widening industry concerns about regulation's perceived failings are gaining traction at the UN agency
European Commission rips up the rule book by ending block exemption Decision marks a victory for those who argued the liner sector has fundamentally changed
MCTC fears crew provisions at risk from Indian rice exports ban Catering company is monitoring global markets
Philly Shipyard tight lipped over Hanwha Ocean takeover talk South Korean giant is reported to be in close discussions with the US Jones Act shipbuilder
'Pay my paint': are charterers paying enough for decarbonisation? Shipowner and charterer argue in conference over how the cost of measures to improve ships' fuel efficiency can be shared
Israel conflict could influence US-Iran relations and tanker market If Tehran is thought to be behind Hamas attack, relationship with Washington could go back to being icy
Tankers International awaits fallout from Frontline-Euronav deal The 24 VLCCs planned for sale by Euronav to Frontline are all part of the Tankers International pool
Reach Subsea boosts reach with deal to buy Guardian Geomatics in Australia Survey capabilities expanded through share and cash takeover
Biggest tanker S&P deal of all time could propel Frontline to $6bn market cap Nothing comes close to $2.35bn price tag for 24 VLCCs
MOL named as shipowner behind lone LNG carrier newbuilding order Shipowner returns to Samsung Heavy Industries to beef up on newbuildings but at a hot price
Crew sentenced in Italy for role in Norman Atlantic tragedy But shipowner Visentini and operator ANEK are acquitted
Excelerate Energy unveils emissions cuts in first ESG report Floating regasification specialist commits to increasing female representation in its workforce
Chappell encourages investors to take Euronav up on share offer Belgian tanker owner will have to offer smaller shareholders the same deal as Frontline
IMO works on 'fixing' Carbon Intensity-Indicator, says senior official Widening industry concerns about the CII's perceived failings are gaining traction at the global shipping regulator
Lomar reveals tie-up with Alicia Bots on robotic hull cleaning London-based shipowner says collaboration with start-up will redefine maintenance operations
Peninsula positions its new LNG bunker vessel baby off Gibraltar Another piece of LNG fuel supply jigsaw slides into position
UniSea expands with deal to acquire shipping software start-up Maindeck Long-established Norwegian company takes over new drydock management operation
Chappell encourages Euronav investors to take company up on share offer Belgian tanker owner will have to offer smaller shareholders the same deal as Frontline
Cyprus in talks on interim business for its FSRU as terminal delays mount Receiving facility not expected to be ready until 2024 - two years later than planned
More than 20 seafarers poisoned by acid exposure on Philippines ropax Accident caused spill of sulphuric acid, crew members reported
Clarksons looks through the eyes of cargo owners as it reveals freight cost pain Analyst Trevor Crowe says shippers have faced much more volatile markets so far this decade
Capesize market 'on fire' as Greek shipowners behind a string of bulk carrier deals Big bulkers sold by Far Eastern companies are washing up on Hellenic shores
Russia offers cheap loans to build up merchant fleet Decree offers to compensate Russian lenders over loan scheme to bolster foreign trade tonnage
Israel's biggest oil-importing port closes to tankers as fighting continues Vessels told to wait offshore following Hamas attack
Local hero: Harry Vafias elected city councillor in Athens suburb Major shipowner enters local politics in his home town of Kifissia
Braemar picks David Holland and Dimitris Kyrtsos as new S&P bosses UK shipbroker moves quickly to replace Sebastian Davenport-Thomas
OOCL third-quarter performance continues weak trend Company continues to see performance revert to normal following extraordinary market conditions of the past two to three years
Swire Bulk's Peter Norborg spells out alternative fuel 'dilemma' Decarbonisation comes with challenges and opportunities
Owners need to focus on results to avoid digital fatigue, says Klaveness Digital's Stensby Tech boss has noticed some companies becoming overwhelmed by range of optimisation services available
Ship management in focus: Seizing opportunities TradeWinds reporters have produced a series of articles looking at how ship managers are zeroing in on business growth drivers in the new economic order. You can read them below
Shippers, regulators tap into technology to ferret out illicit imports "AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks," says Altana Technologies' Amy Morgan.
Qantas Freight makes progress on cargo pileup The traffic jam of freight at Qantas Airways facilities in Australia is slowly abating as the airline makes efforts to remediate problems caused by a new cargo system.
US container imports still rising, topping pre-COVID levels Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.
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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