NTSB reports on collision that saw tanker sink after being struck by super yacht The National Transportation Safety Board (NTSB) has issued its report on the December 23, 2021, incident in which the 750 dwt Belize-flagged product tanker Tropic Breeze, was struck by the 2018-built super
Euronav unhappy with Frontline's walk away from combination deal In a statement released today, Euronav NV (NYSE: EURN & Euronext: EURN) says that, following further detailed consideration with its legal and financial advisors, it is "taking the opportunity to update its
Solstad Offshore to trial SpaceX's Starlink connectivity Norway's Solstad Offshore is to be one of the first offshore service vessel operators to trial SpaceX's StarLink LEO satcom service. Back in September 2022, the company completed the migration of its
Elizabeth Klein named BOEM Director The U.S. Department of the Interior has named Elizabeth Klein as Director of the Bureau of Ocean Energy Management (BOEM). She succeeds Amanda Lefton, who served as the first BOEM Director in
Port of Antwerp-Bruges sees box volume decline Container throughput at the port of Antwerp-Bruges decreased by 5.2% to 13.5 million TEUs in 2022, compared with 2021 box numbers. The previous year was an "intense year" as Dirk de Fauw, mayor of the city of Bruges and vice president of the port of Antwerp-Bruges, described it in a press conference earlier today (11 January). The covid-19 pandemic and lockdown in China, the war in Ukraine and sa
CMA CGM integrates GEFCO into CEVA brand Following the acquisition of GEFCO by French CMA CGM Group, the European automotive logistics provider's brand will now become CEVA Logistics. In particular, CMA CGM's subsidiary CEVA Logistics announced on 10 January the creation of a dedicated Finished Vehicle Logistics (FVL) organisation as part of GEFCO integration process. According to a statement, any GEFCO's remaining business, mostly in c
MSC completes Italian box terminal takeover MSC's port operating arm, Terminal Investment Limited (TIL) has completed the acquisition of Terminal Darsena Toscana (TDT) in the Port of Livorno. In particular, TIL's subsidiary CSM Italia Gate and Gruppo Investimenti Portuali (GIP) have agreed on the 100% sale of the terminal shares. While the purchase is expected to be approved by the relevant authorities, the involved parties have not disclo
NYK trials satellite service operated by Musk's SpaceX Singapore-based Nippon Yussen Kaisha (NYK) Shipmanagement performed a trial of the Starlink satellite communications service, provided by Elon Musk's Space Exploration Technologies (SpaceX), on one of its vessels. NYK said because ship-shore communications are currently conducted via high-orbit satellites, the communication speed on board ships is slower than on land, while higher communication s
Adani Ports acquires major Israeli container port Adani Ports and Special Economic Zone Limited (APSEZ) and the Israeli company Gadot Chemical Terminals have completed the acquisition of Haifa Port, according to a recent statement by Israel's finance ministry. The deal, which is worth approximately US$1.1 billion, was completed after the Israeli government approved the agreement. According to the deal, Adani Ports will have a 70% stake in the Is
Chilean box terminal enhances container capabilities with new equipment Two ship-to-shore (STS) super post panamax (SPP) and two electric rubber tyred gantry (RTG) cranes arrived on board the Zhen Hua 24 after a journey of almost 19,000 kilometers from China to the port of San Antonio in Chile. The new equipment will enhance San Antonio Terminal Internacional (STI) capabilities and increase its box capacity to 1.6 million TEUs. This US$23.5 million investment in new
Boxship sales halved in 2022 as freight levels fell Sales and purchases of container ships halved to 950,300 TEUs in 2022 as freight levels began normalising, according to Alphaliner's latest report released today (11 January). The scale of ship sales in the previous year was similar to levels seen in pre-Covid years. Alphaliner noted that 295 boxships were sold in 2022, down 49% from 2021 and capacity-wise, representing a 53% drop from the record
Ric Campo re-elected as Port Houston chairman Ric Campo was unanimously reappointed as chairman of the Houston Port Authority of Harris County, Texas Port Commission during a joint meeting of the Harris County Commissioners Court and Houston City Council on 9 January. Among the most significant accomplishments of Ric Campo's tenure was the efforts to expand and deepen the Houston Ship Channel through the US$1 billion expansion infrastructure
Increased box traffic at Dunkirk port in 2022 At Dunkirk port, the containerised traffic recorded growth for the 10th year in a row, reaching 745,000 TEUs in 2022, translating to an increase of 14% compared with the previous year. In fact, the French port has achieved the largest growth (+62%) over the last two years in the North European range. Additionally, in the last year Dunkirk port reported 49 MT, representing a year-on-year increase
2M Alliance revises Transatlantic network The largest container alliance in the world 2M Alliance, comprising Maersk and MSC, decided to make changes to its Transatlantic network. The alterations in 2M's North Europe - North America and Mediterranean - North America services will be effective within the first quarter of the year. Maersk and MSC have announced the following changes in its Transatlantic services: Regions Service Change to
ZIM backs fintech startup firm 40Seas, an innovative fintech platform for cross-border trade financing, was funded with US$111 million from the Israeli companies ZIM and Team8. In particular, the company's US$11 million seed funding round, led by Team8 with participation from ZIM, is complemented by a US$100 million credit facility for exporters and importers. The purpose is for the company to deliver a much more efficient and
Siem Offshore OSCV secures more renewables work with Equinor Norwegian offshore vessel operator Siem Offshore has won additional work in the renewables sector for the 2013-built offshore subsea construction vessel (OSCV) . The deal with Norway's Equinor will see the Cyprus-flagged ship fixed for seven months for operations on Hywind Tampen floating wind farm project. The Kristiansand-based company with a fleet of 28 ships ...
Euronav hits out at Frontline after failed tie-up Belgium's Euronav is rejecting Frontline's right to terminate a $4.2bn merger deal between the tanker giants and is contemplating options including arbitration and legal action. John Fredriksen's Frontline said on Monday it would not make its planned voluntary conditional exchange offer for Euronav, sending the Antwerp-based company's shares downhill on Tuesday. In a statement issued ...
Lila Global places pair of chemical tankers in GSB J19 Pool Dubai-based Lila Global has joined the GSB J19 Pool of stainless steel chemical tankers with two ships. The shipowning arm of Anil Sharma's cash-buying giant Global Marketing Systems (GMS) has placed the 2006-built Lila Ace and Lila Confidence into the pool, which now counts nine ships between 19,000 dwt and 22,500 dwt. The GSB J19 ...
Marco Polo Marine forges South Korean offshore wind pact with Namsung Shipping and HA-Energy Marco Polo Marine has joinded forces with Namsung Shipping and HA-Energy to pursue offshore wind vessel operations in South Korea. A memorandum of understanding marks a milestone entry for the Singapore-based company into another major offshore wind market in Asia on the back of its expansion into Taiwan and Japan. Namsung, best known as an ...
Chinese LNG newbuilds getting air bubble treatment China Merchants Energy Shipping (CMES), the Shanghai-listed energy transport unit of China Merchants Group, has signed up to install air lubrication technology on up to six LNG carriers being built at Dalian Shipbuilding Industry Company (DSIC). A deal with the London-based cleantech company Silverstream Technologies for four firm installations and two options will see the ...
TechnipFMC scores with Wintershall Dea off Norway TechnipFMC has been awarded a contract worth up to $250m by Wintershall Dea for its Dvalin North project. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, which will be tied back to the Heidrun platform via the existing Dvalin field on the Norwegian Continental Shelf (NCS). Jonathan ...
China's shipping 'godmother' faces anti-graft prosecution Li Li, one of the best known names in Chinese ship finance, is facing prosecution in Beijing after the authorities accused her of accepting large bribes during her time working for the Export-Import Bank of China (Cexim). Li has been described in local Chinese media as the "godmother" of China's shipping industry for all the ...
MSC buys Darsena Toscana terminal in Livorno Terminal Investment Limited (TIL), the ports arm of leading liner Mediterranean Shipping Co (MSC), has struck a deal with Gruppo Investimenti Portuali (GIP) to acquire Terminal Darsena Toscana (TDT) in the port of Livorno. Under the deal, subject to approval from the relevant authorities, TIL subsidiary CSM Italia Gate will buy 100% of the share ...
Maritime tech breakthroughs in 2023 In the first of a two-part survey looking at maritime tech in 2023, today Splash identifies the potential big breakthroughs this year. Tomorrow's extended instalment will identify the likely tech disappointments in 2023. Setting the scene, Osher Perry, CEO and co-founder of artificial intelligence (AI) firm ShipIn Systems, tells Splash: "Technology trends transforming the maritime ...
Siemens Energy and Dragados consortium lands $4.3bn German converter station deal Siemens Energy and Spanish consortium partner Dragados Offshore have won a contract worth more than €4bn ($4.3bn) from German transmission system operator Amprion to build two converter stations for offshore grid connection systems in the German North Sea. The partners are to build two converters each at sea and on land in the new performance ...
Tsakos negotiates contract switch from boxships to tankers with Korean yard Illustrative of where pundits think the markets will go in 2023, Alphaliner is reporting Greece's Tsakos Shipping and Trading is negotiating the conversion of orders for two 2,782 teu container vessels into contracts for suexmax tankers, citing numerous broking reports. Tsakos has eight 2,782 teu boxships under construction at Hyundai Mipo Dockyard in South Korea, ...
Alex Saverys keen to change management and strategy at Euronav Alex Saverys-led Compagnie Maritime Belge (CMB) has said it would like to change the composition of the board and strategy at tanker firm Euronav in the wake of John Fredriksen's Frontline deciding this week to ditch merger plans. CMB said in a release it intends to "constructively engage" in a dialogue with Euronav's supervisory board ...
NYK praises Starlink One of the big maritime tech trends this year is expected to be the scramble to install Starlink satellites on ships, something that promises to lower communication costs at sea dramatically. At the front of the shipping queue for the technology created by Elon Musk's Space Exploration Technologies Corp (SpaceX) are the Japanese. Splash reported ...
New Dayang wins ultramax orders In the bulk carrier sector, Chinese builder New Dayang has secured two orders for ultramax newbuidings, both from London-based repeat clients. The buyers are Ocean Agencies and Marine Capital, both placing orders for two 63,500 dwt ultramaxes with the unit price understood by brokers to be around $31.5m, showing a significant price drop of over ...
New director named for US Bureau of Ocean Energy Management The US Department of the Interior has chosen Elizabeth (Liz) Klein to take over as Director of the Bureau of Ocean Energy Management (BOEM) upon the resignation of Amanda Lefton, effective January 19. Klein is an attorney and leader in clean energy, climate change, and environmental law and policy. A member of the Biden-Harris administration ...
US government releases blueprint to decarbonise America's transportation sector The Biden administration yesterday released the US National Blueprint for Transportation Decarbonization. Developed by the departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency, the blueprint provides a strategy for cutting all greenhouse emissions from the transportation sector by 2050. In the area of maritime transportation, the report not
Record global petroleum consumption expected in 2024, says EIA Total crude oil and liquids consumption estimated at 102.2m barrels per day for 2024, up from 99.4m bpd last year
Euronav 'considering options' after Frontline scraps merger agreement Euronav is analysing its options and is considering taking legal action against Frontline, the company says in a statement
US maritime regulator becoming 'much more aggressive' If the US Federal Maritime Commission thinks someone is not complying with the regulations, it has 'the discretion to start...
Cargill kickstarts methanol bulkers with first kamsarmax order Initial plans to lead with up to six orders have been scaled back, but Cargill ocean transportation president Jan Dieleman...
Sanctioned ship denied access to Bangladesh port Vessel now anchored off the coast of India after being denied berth at Chittagong port last month
Tsakos swaps boxship brace for suezmax tanker Up to two newly contracted suezmaxes likely to be picked up by publicly listed Tsakos Energy Navigation
Ceva to create own automotive division from Gefco acquisition Gefco brand will be fully integrated into CMA CGM's logistics operator. Sector offers scope for growth despite economic slowdown
Ship brokerages complete mega merger Merger finalised between Switzerland-based Ifchor, which specialises in dry bulk markets, and the UK's tanker brokerage Galbraiths
Boxship charter rates seen 'normalising' after 80% drop over five months Newbuilding capacity representing 10% of existing fleet to be delivered over 2023 and further reduce charter rates, according to shipbrokers
Port of Antwerp-Bruges 'stable' in first year of joint operation Supply chain congestion and the situation in Ukraine hit container volumes in 2022. Other segments were not enough to prevent...
Dry bulk spot rates slump to near operating costs Panamaxes lead fall as spot vessels struggle to find employment, followed by supramaxes and handysizes. Dry bulk markets are expected...
Arrest made following MSC boxship terror threat Police have not ruled out further arrests after a 4,800 teu capacity boxship was held off the Netherlands coast for...
Separate collisions involving boxships on same day at Japanese ports Evergreen-operated feeder ship involved in a collision with general cargo ship at Kitakyushu on the same day a JOSCO-owned boxship...
Shanghai reports second-lowest container growth in decade Throughput at the port grew 0.6% in 2022. This is only marginally better than the result in 2020 when the...
Daily Briefing FrontNav saga is not over - here's what happens next | Frontline abandons plan to merge with Euronav | Brokerages...
Zim invests in Israeli fintech start-up Tel-Aviv headquartered start-up emerges from stealth mode with $11m in seed funding and $100m revolving credit facility that can be...
Operators warned to allow more time for crew changes The embassies of some destination countries have little experience in dealing with some of the non-traditional seafaring nationalities who are...
NYK trials satellite communication service on vessel Service uses low-orbit satellites, allowing higher speed and capacity at a lower cost than conventional communications
Jaxport secures funding to raise power lines for Blount Island big-ship calls The Port of Jacksonville said it has the estimated funding in place from the city and state of Florida to increase the air draft on its main ship channel to accommodate larger post-Panamax vessels.
USDA urges FMC to hone OSRA-22 export rules for ag shippers The Ocean Shipping Reform Act's export provisions need further clarification to explain instances when US ag exports don't get on a ship, the US Department of Agriculture said.
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Declining freight demand prompts Flexport to cut 20 percent of global staff Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs.
Antwerp-Bruges volume fell 5.2 percent in 2022 amid operational challenges Heavily disrupted shipping markets kept container handling at the Belgian hub of Antwerp-Bruges under pressure throughout 2022.
Maersk, MSC add ships in restructured trans-Atlantic trade The disruption to trade lanes caused by the pandemic is over, but slowing demand has left carriers struggling to manage the existing capacity flooding back into service as congestion eases and new ships are delivered.
Suezmaxes spot rates rise while LRs fall as crude and product tankers head in opposite directions LR product tankers out of the Middle East and heading to Japan saw big declines on Wednesday
Seanergy Maritime buys own warrants to ward off share dilution New York-listed capesize bulker owner will announce final results of self-tender offer once they are confirmed
Scorpio's first-quarter rates liftoff comes in face of twin headwinds Product tanker giant sees market lifting further once a couple of troublesome factors clear in coming weeks
Altera Infrastructure files application for Norwegian carbon capture and storage project Shuttle tanker owner sees collecting and storing emissions as a key step in fighting climate change
Germany's third FSRU loads cargo in Spain before heading to Brunsbuettel Hoegh Gannet is expected to arrive in Brunsbuettel in days to serve as regasification unit for Elbehafen LNG terminal
Shipowner faces 5-year jail term in US for Iran sanctions busting Behrouz Mokhtari shipped Iranian petrochemicals for more than four years using a network of businesses
Minding their knitting: International Seaways staying out of Frontlne-Euronav drama Ripples from the discord between two European tanker giants begin to wash up on New York's shores
Fredriksen could go for Euronav ships after ditching bid, says Pareto If John Fredriksen's appetite is for steel and not shares, both Frontline and Euronav are stock market "buys", believes Pareto
Bonus question: The regulatory wish list for sustainable shipping Green Seas environment newsletter looks at the rules industry stakeholders would impose for sustainable and profitable shipping
Researchers urge greater penalties for Russia price cap breaches Russia is set to lose $300m oil revenue a day because of reduced exports and lower prices, says Finnish research centre
Suspicious skiffs approach reefer off Sao Tome and Principe Lithuanian-flag vessel took evasive action to deter approach in the early hours of Wednesday
Gunvor wraps up $1.6bn loan facility to grow LNG business Trading house commits to CO2 carbon emissions reporting of its LNG value chain
LR2 rates jump $14,000 as Scorpio Tankers reveals first quarter coverage US-listed owner has also seen an increase in levels for handymaxes and MRs
Container ship sales halve in 2022 as deals dry up Buying appetite for secondhand container ships dropped off a cliff towards the end of the year
Euronav accuses Frontline of breaching merger terms as it threatens legal action Belgian owner concludes Fredriksen-led company has failed to provide a satisfactory reason for scrapping tanker tie-up
'White Christmas': 2022 drugs record in Antwerp, Rotterdam Belgian and Dutch authorities hire more personnel and gear to fight the drug cartels
Waste wood biofuel developer Xfuel gearing up to launch production plants Irish company is lining up commercial production plant and offtake deals for drop-in shipping fuels that can cut greenhouse gas emissions by 85%
Ifchor and Galbraiths ink their planned merger to form new 300-person brokerage Integration of two companies should be completed by end of first quarter
Indian-managed tanker switches P&I club during first Russian price cap voyage Standard Club says 'compliance with legal and regulatory obligations' is a key part of running its business
Small print: merger clause rules out CMB's actions as grounds for termination Frontline may have to rely on other reasons to avoid potential legal action from Euronav
Ukraine war sees LNG and bulk volumes jump at Antwerp-Bruges But container throughput comes under pressure at huge port group
MSC Elaine refloated after grounding in Italy's largest container port Investigation opens into accident that occurred during 'optimal' weather conditions
Key vote lined up for Seaspan parent Atlas' $10.9bn take-private deal Minority shareholders asked to green-light full takeover by Fairfax Financial and the Washington family
Tsakos flips container ship newbuildings to large tankers The Greek shipping company dropped two feeder boxships booked at Hyundai shipyard for suezmax tanker newbuildings worth $170m
Lomar awards bursaries to nine students in memory of Achim Boehme Scholarships will support next generation of shipping leaders through study in Bremen
SSY opens new office in South Korea to target sale and purchase Shipbroking group has been targeting new growth aggressively
German start-up buys Genting's remaining European river cruise ships Sale leaves only two ships from collapsed company's Asian brand Dream Cruises without new owners
Corsica Ferries invests in wind-powered ro-ro start-up Neoline French group will help finance the first Neoliner vessel due in 2024
Thirty-year-old Seapeak LNG carrier offered for demolition sale Fleet renewal looks set to take hold in LNG shipping fleets in the coming year as older vessels start to be weeded out
Claire Dumas becomes NIBC CFO after 22 years at ABN Amro Experienced Dutch financier replacing Herman Dijkhuizen
Ex-CExim shipping head Li Li faces prosecution in Chinese graft probe The former president of the Beijing branch CExim has been subject to a graft probe since early last year
Fewer sailings help P&O Ferries cut 2022 carbon output by 9% New tonnage and more sustainability initiatives expected to help UK ferry operator cut emissions further
Lila Global places chemical tankers in the GSB J19 Pool Lila Global additions see stainless steel chemical tanker pool grows to nine ships
Cido Shipping scores in the hot car carrier charter market The tonnage supplier has secured $430m in revenue from chartering out four Japanese-built PCTCs
Chicago O'Hare avoids labor impasse, cargo disruption Swissport, a large cargo handler at Chicago O'Hare airport, has finally complied with the city's requirement for a labor peace agreement, ensuring uninterrupted cargo flow.
Flexport to cut 20% of workforce as global shipping demand wanes Influential logistics provider Flexport says it will reduce its staff by 20% in the face of a looming global recession.
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