VIDEO: Odfjell to retrofit tanker with innovative OceanGlide air lubrication system Alfa Laval has signed an agreement that will see leading chemical tanker operator Odfjell install the innovative OceanGlide hull air lubrication system on one of its vessels later this year. OceanGlide is
Vineyard Wind installation work kicks off "We can finally say it - as of today, there is 'steel in the water,'" said Vineyard Wind CEO Klaus S. Moeller yesterday, as work got underway on installing the first monopiles
Scan Global Logistics expands into Kenya Scan Global Logistics (SGL) opened its first office in Nairobi, Kenya with Duncan Wagura taking over the role of the managing director of the new office. SGL said that the country's logistics potential is increasingly growing due to improved infrastructure. The global logistics and supply chain solutions provider foresees great potential by investing in the region, due to the commencement of the
Maersk, Renfe and Cepsa announce first 2G bio-fuel test in Spanish rail transport Maersk and its partners Renfe and Cepsa will conduct the first test in Spain with second-generation bio-fuels in the railway sector, making the Algeciras-Madrid corridor a decarbonised route. On the non-electrified part between Algeciras and Cordoba, the partners will use renewable diesel fuel, and on the route from there to the capital, they will utilise renewable power. The project will start i
Hapag Lloyd adds Manzanillo port to West Coast South America Express service Hapag Lloyd has announced the addition of the port of Manzanillo in Panama to the port rotation of the West Coast South America Express (MSW) service. The first vessel which will call the port of Manzanillo under the MSW service rotation will be Izmit Express with an estimated time of arrival at the Panama port on 11 June. The MSW service's new rotation will cover the following ports: Tangier (Mo
Contecon Manzanillo handles first carbon-neutral box in North America Contecon Manzanillo, International Container Terminal Services, Inc.'s (ICTSI) Mexican business unit operating the Specialised Container Terminal 2 at the Mexican port, recently handled the first carbon-neutral container in North America, as well as CMA CGM Liberty, the first LNG-powered container vessel to arrive in Mexico. The event was marked by a ceremony attended by representatives from the
Range-bound composite indices, US-China rates spike as transatlantic rates drop A string of General Rate Increases (GRI) starting in March-April hasn't helped the container spot rates. The Shanghai Composite Index which had a momentary upside to US$1,028 slipped back to,979 even as its longer-term counterpart in the Chinese Containerized Freight Index (CCFI) fell further to 921, lurking at a three-year low, equivalent to June 2020 levels. The Contract Market rates indicated
Tideworks Technology introduces simulated training tool for tractor drivers at Panama's terminal Tideworks Technology, a full-service provider of terminal operating system (TOS) solutions, announced the successful installation of its newest product DriverSIM at Manzanillo International Terminal (MIT) in Panama. DriverSIM by Tideworks is a simulated additional training tool for terminal yard tractor (UTR) drivers, which uses virtual reality technology to enable terminals to transition part of
Asyad Line expands REX service to Saudi Arabia The Saudi Ports Authority (Mawani) confirmed the addition of Jeddah Islamic Port in Saudi Arabia to Asyad Line's REX service port rotation. The new cargo route, launched in May, connects Jeddah to the Indian ports of Nhava Sheva and Mundra, port of Salalah in Oman, and Egypt's port of Sokhna via two vessels with a container capacity of 2,800 TEUs. Mawani believes the new call at Jeddah Islamic Po
Maersk's subsidiary Hamburg Süd hit by largest FMC fine Hamburg Süd, owned by Danish giant ocean carrier Maersk, received the largest penalty from the Federal Maritime Commission (FMC) for the OJ Commerce (OJC) case. Florida-based e-commerce firm OJC filed a case with the FMC in December 2021, seeking US$100 million in damages accusing Hamburg Süd of contract breaches and unreasonably high prices. FMC said in its statement "This case raises novel lega
Port of New Orleans appoints new COO Matthew Wypyski is the new chief operating officer (COO) of the Port of New Orleans (Port NOLA) in the United States. Wypyski succeeds Mike Stolzman who made significant contributions to the Port of New Orleans and the New Orleans Public Belt (NOPB) during his tenure first as NOPB general manager and then as Port NOLA COO. Furthermore, Wypyski's leadership experience includes 32 years as a senior
Port of Barcelona launches tender for connection between Energy and Adossat wharves The Board of Directors of the Port of Barcelona approved the beginning of the procedure for constructing a battery of seven underground conduits connecting the Energy and Adossat wharves. The accepted project has a baseline tender budget of approximately US$16 million and a 28-month execution timeframe. The conduits will span the 700-metre-long navigation canal at a depth of 32 metres below sea l
Tankers face 'stuffy' situation outside LA as US port woes continue With vessel tracking teams working overtime this week to provide clients with information about ships bound for the North American west coast amid a period of labour strife, the fluid situation along the coastline is changing by the hour. According to Adil Ashiq, who heads up operations for MarineTraffic in North America, Friday will see ...
MOL and Toyo team up to form offshore wind joint venture Japanese shipping giant Mitsui OSK Lines (MOL) has formed an offshore wind joint venture with compatriot marine contractor Toyo Construction. The 50/50 JV is expected to create "a powerful yet agile business" targeting a wide range of offshore wind services, including survey planning, procurement of work vessels, and offshore construction. Since the establishment of a ...
Oil shipments out of Peru's Amazon region attacked PetroTal, a Canadian oil firm heavily invested in Peru, has run into difficulty with locals in the Amazon region. The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has seized and are holding two oil transport convoys. The first is an empty Brazilian convoy, with a crew of six and a total capacity ...
Sapura Energy reels in 10 new contracts Malaysian offshore services provider Sapura Energy has landed 10 new contracts worth a total of RM1.4bn ($304.5m) for projects in the Asia Pacific and Atlantic regions. More than 70% of the value of the combined contracts is from projects outside of Malaysia. The E&C business segment secured RM979m in contract wins from Eni in the ...
Shipping will have to contend with the onset of El Niño weather phenomenon As widely expected the onset of the El Niño weather phenomenon was officially confirmed yesterday, news that will have significant ramifications for the global shipping industry over the following 12 months. "El Niño conditions are present and are expected to gradually strengthen into the Northern Hemisphere winter," the Climate Prediction Center at the National Oceanic ...
Swedish 1.5 GW wind project moves ahead Stockholm-based developer OX2 and Ikea owner Ingka Investments are pressing ahead with their Triton offshore wind farm in Sweden after the County Administrative Board of Skåne said the project can get permission to be built according to the Act on Sweden's exclusive economic zone. Last year, OX2 applied for a concession to connect Triton to ...
Hundreds of Bilfinger offshore workers accept new pay deal, averting strikes A pay dispute involving hundreds of offshore workers at Bilfinger UK has ended. The Unite union said more than 700 of its members agreed to 'vastly' improved wage offer. The deal included a further 6% increase on basic pay in addition to the 4% increase in January 2023. With other uplifts made by Bilfinger in ...
MOL buys into American FLNG specialist Japanese shipowning giant Mitsui OSK Lines (MOL) is bolstering its position in the floating LNG sector, buying into America's Delfin Midstream. As part of the agreement, MOL will make an unspecified investment in Delfin and a MOL representative will join Delfin's board. "We are excited to enter into this strategic agreement with MOL, representing another ...
The full potential of AI for ports is yet to come An era where artificial intelligence will help ports manage berth allocation and tackle congestion may not be far off - but to make the most of algorithms in such safety-critical settings as ports and shipping operations, we must ensure that they are trained judiciously, writes Grant Ingram, CEO of Innovez One for the UK and ...
Decarbonisation is shipping's D-Day Former US presidential contender John Kerry used a speech at Nor-Shipping to compare the industry's fuel transition to the Allied...
Industry decarbonisation in danger of stalling unless smaller shipowners invest in latest efficiency measures Shipowners on a slower pace towards decarbonisation need to catch up with the rest of the industry if shipping is...
US lawmakers propose carbon tax on shipping Citing the International Maritime Organization's lack of progress on decarbonisation, some US lawmakers are floating about the idea of emission-reduction...
Dark tankers await clearance into China's oil hub Shandong as authorities target old and unsafe tonnage Vessels being targeted include those more than 15 years old, frequent flag hoppers and ships changing ownership and classification societies
Bank lending to Greek shipping falls in 2022 Greek banks again expand their portfolio while other European institutions continue to lose market share
International Seaways anti-takeover rule was almost overturned John Fredriksen's move to thwart the ratification of International Seaways' shareholder rights agreement, which effectively prevents a takeover of the...
MOL and Toyo Construction launch offshore wind joint venture MOL has been expanding its tie-ups and investments in wind power energy businesses since 2021
Wista International evolves past networking roots Shipping has a long way to go when it comes to diversity, but it can only stand to benefit from...
Seafarers are not convinced new fuels are safe A new DNV survey of seafarers reveals concerns about career progression, fuel safety, and training for digital shipping. MEPC 80...
Precious Shipping's Hashim calls for universal carbon tax by 2024 The calls were made at various recent shipping events and highlighted again by Precious Shipping with just weeks to go...
MOL invests in Delfin Midstream to accelerate FLNG vessels' development The two sides reaffirm commitment to the success of Delfin LNG project
Increase in incidents of deaths at sea Standardised data collection and greater access to this information are needed to develop effective safety policies
FMC orders Hamburg Süd to pay $9.8m reparation payment FMC judge says Hamburg Süd retaliated against Florida-based OJ Commerce after it filed a complaint with the commission protesting detention and...
Daily Briefing Shipping skips over short-term struggles in favour of long-term aspirations | Hedge fund KKR provided lease financing for Russia-spoofing tanker...
US LTL trucking companies improving yield, profitability despite headwinds Data from analysts and carriers shows less-than-truckload providers are staying disciplined when it comes to pricing despite a freight recession and softer US economy.
US House bill aims to cap further growth in ship emissions Legislation now in Congress would put commercial shipping under the oversight of the US Clean Air Act and set increasing targets for cutting carbon dioxide emissions.
Capesize bulker market gains 36% as iron ore demand rises, owner says Higher exports of bauxite from Guinea also boost rates, according to an analyst
Gard boosts its legal team by hiring former Thomas Miller executive Alexandra Couvadelli joins Norwegian insurance giant after 29 years at rival insurer
'Plenty of work for all of us' as offshore wind shifts to long-term charters Offshore wind is turning the corner from a project-by-project to a long-term charter business. But technical bottlenecks could stymie the urgent demand for the still-developing fleet
Nor-Shipping shows power of bringing women together Veer Group chief executive and Captains Without Borders Alex Hagerty named finalists for Nor-Shipping's Young Entrepreneur of the Year award
Editor's selection: Big names weigh in on shipping's challenges in Oslo; Fredriksen fails to stop poison pill Top picks from this week's stories brought to you by TradeWinds' international team of journalists
Surge in Russian diesel exports to Brazil reshapes MR trade Vortexa says Latin American import activity is impacting clean tanker trade for Russian and mainstream fleet
MOL inks joint venture with Toyo Construction to source and operate wind ships Japanese companies moving forward with partnership to capture growing market
UN plan 'progressing well' to remove oil from decaying tanker Boskalis says VLCC Nautica is likely to arrive alongside in the next couple of weeks to begin transfer operation
Powerful Greek shipowners echo John Fredriksen's bet on bright future for tanker market Evangelos Marinakis and Sveinung Stohle take the stage at Nor-Shipping and show their conviction in strong tanker markets
Nine things we learned under the blazing sun at Nor-Shipping 2023 It's all about tankers, investment cash hunting the right deal and how to take the opportunity of decarbonisation
German bank posts chunky $37m loss but shipping book remains on track Shipping emerges as star performer as private Hamburg bank hit by restructuring and write downs
AIS data spoofed to move 60 ships to Iran's Bandar Abbas airport Intelligence company Geollect tracks wide-scale manipulation over the last three months
Comment: Sanctioned 'dark fleet' starts to figure in Allianz casualty count All indications point to shipping building up to a major incident in the shadow fleet
John Fredriksen sells privately owned bulkers after taking newbuilding plunge Brokers report three older kamsarmaxes on the way out after Seatankers pulled the trigger on up to eight new ships in China
Gram Car Carriers closes in on share buyback target Company has been repurchasing stock to pursue acquisitions or reward bosses
Greece's Atlantic Bulk places rare newbuilding order in China Traditional player signs for trio of ultramaxes
Bimco's Russian oil price cap clause puts compliance onus on charterers Draft contract developed to govern relations between shipowners and charterers
'Unprecedented' term deals as Standard Supply, JJ Ugland fix PSVs in hot market Norwegian owners taking advantage of rising rates in North Sea, with Brazil and West Africa almost sold out of ships
Heroic Idun crew set for family reunions after 10-month ordeal The 26-strong crew are expected to fly home on Friday after arriving in Cape Town with VLCC
Oldendorff's M&M Bank eyes AI for ship finance with partners in tech and law Pilot scheme aims to accelerate and simplify vessel lending
Training separates the true shipbroker from the wannabe Experienced brokers focus on a particular set of skills to stand out from the crowd, says ICS chair Glenn Murphy
John Kerry likens climate fight to D-Day invasion as he urges zero emissions by 2050 US climate envoy says this is a 'decisive decade' and that global warming will not be stopped without shipping's help
MPA recruits more venture capitalist firms for Singapore accelerator Increased financial partners announced at maritime regulator's latest smart port challenge
MOL dives into Delfin Midstream as it branches out into FLNG Investment will accelerate final investment decision on first two US-based floaters this year
Al Seer goes for growth as cornerstone investor in Adnoc L&S after $600m IPO Expanding UAE shipowner pumped $97m into giant compatriot's float in Abu Dhabi
Unpopular poison: insurgent shareholders nearly defeated Seaways' anti-takeover plan We find out just how close Fredriksen came to scuppering the 'poison pill' move
Bullwhip effect cracking US imports' peak season (again) An unprecedented level of caution among importers likely to cause further declines in import volumes.
Netherlands airports join forces to synchronize cargo flow Busy Amsterdam airport in the Netherlands is taking a large stake in Maastricht airport, which could become a feeder port as Amsterdam deals with overcrowding.
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