VIDEO: Port Newark ship fire extinguished The ship fire that broke out aboard the Grimaldi RO/RO Grande Costa d'Avorio on the evening of July 5 has finally been extinguished, Capt. Zeita Merchant, the captain of the port of
Is Austal a take-over target? Back on June 6, Australian shipbuilder Austal Limited, which is, of course, the parent of Mobile, Ala., based Austal USA, published a stock exchange announcements saying: "Austal Limited (Austal) (ASX: ASB) refers
Key cargo owners look for zero-emission shipping by 2025 While IMO has announced an enhanced common ambition to reach net-zero GHG emissions from international shipping by "close to 2050," some influential cargo shippers don't want to wait that long. They're set
Eleven vessels hit by Houston marine fuel contamination Raising disconcerting memories of a string of incidents in 2018, leading fuel testing services provider VPS has identified a new marine fuel contamination issue in Houston. Eleven vessels using this fuel have
CMA CGM implements congestion surcharge in Algerian ports CMA CGM has announced a new port congestion surcharge (PCS) of US$150 per TEU at the Algerian ports of Oran, Alger, and Bejaia. This fee will take effect on 15 July and will apply to dry, out-of-gauge, hazardous, reefer, and special cargo. The French carrier is applying the PCS because the operating situation in Oran, Alger, and Bejaia in Algeria has been deteriorating for the past several weeks,
Hongkong International Terminals invests US$10 million in solar panel-equipped quay cranes Hutchison Ports Hongkong International Terminals (HIT) received two new quay cranes, after an investment of HK$78 million (US$10 million), which are Hong Kong's first quay cranes equipped with solar panels on top of machinery house. The company tries to explore new alternatives to reduce its operational impacts on the environment and become a green port. Moreover, the company supports the HKSAR g
New Hapag-Lloyd's West Africa Service calling APM Terminals Liberia APM Terminals has announced the first call of Hapag-Lloyd's new fortnightly West Africa Service (WA1) to Monrovia, the capital of Liberia. The fortnightly service connects Tanger Med (Morocco), Nouakchott (Mauritania), Freetown (Sierra Leone), Conakry (Guinea), Monrovia (Liberia), and back to Tanger Med. APM Terminals Monrovia is the country's only container and general cargo facility. Recent dre
Port of Barcelona and Tech Barcelona launch blue economy innovation hub BlueTechPort, a new innovation space for firms created by the Port of Barcelona and Tech Barcelona, intends to stimulate innovation in all areas relevant to the blue economy. The venue, which will be located at Tech Barcelona's Pier 01 at the Palau de Mar, will host companies and entrepreneurial projects related to the port, logistics, and blue tourism sectors, as well as more disruptive sectors
ZIM and THE Alliance cut Transpacific capacity ZIM Line and THE Alliance have withdrawn one Asia-US West Coast service each, helping to stabilise Transpacific rates when the Shanghai Containerised Freight Index (SCFI) closed on 7 July. The ZIM North Pacific (ZNP) service's last sailing, out of Busan, will be on 12 July. The service, accounting for 1% of Asia-US West Coast capacity, previously had seven to nine ships of 2,700 to 4,300 TEUs, ca
ILWU US West Coast dockers to boycott diverted ships from Canada In a show of solidarity with their Canadian counterparts, US West Coast dockers are refusing to handle cargoes diverted from the Canadian west coast, where port workers have staged industrial action. In a statement to CNBC, International Longshore & Warehouse Union US West Coast president Willie Adams said, "The ILWU will not be unloading Canadian bound cargo in solidarity with our Brothers and S
cargo-partner expands its presence in Spain About a year after the launch of an office in Barcelona, Austria-based logistics provider cargo-partner has now opened a second office in Spain near Madrid Barajas Airport. Oriol Asturgo, managing director of cargo-partner in Spain, commented, "As the capital city of Spain and a major economic center in Europe, Madrid attracts a diverse range of industries and multinational corporations. Its well
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UK Government boosts cleaner shipping with multi-million funding The maritime sector in the United Kingdom has received further assistance in the battle to decarbonise the industry and boost the economy, with the UK government committing £34 million (US$44 million) in funding as part of the Clean Maritime Demonstration Competition (CMDC) on 7 July 2023. With the fourth round of funding, the total amount invested through the CMDC now stands at approximately £12
CMA CGM raises prices from India and Pakistan to Central America East Coast, Caribbean and Mexico CMA CGM has unveiled another increase in its Freight All Kinds (FAK) rates from India and Pakistan to the East Coast of Central America, the Caribbean and Mexico East Coast. The updated FAK rates will be effective from 4 August 2023 (gate-in date at origin ports) for dry cargo only. The new rates will be as follows: From India & Pakistan 20' 40' & 40'HC To Caucedo US$1,900 US$2,300 To Puerto Cort
Secursus : review of the leader in freight insurance In today's fast-paced world, online shopping has become a major part of our lives. From electronic gadgets to clothes, we buy almost everything through e-commerce platforms. With this increasing trend, the need for reliable and efficient parcel insurance services is also growing. Secursus.com is one such platform that aims to provide comprehensive coverage for your parcels sent both locally and i
German software company trials universal authentication app for logistics at Hamburg port DAKOSY, a Hamburg-based software firm, has created ImpalaID, a new universal authentication app for logistics. The technology is open to all businesses and institutions and provides users with barrier-free and secure legitimisation through a secure QR code. The trial phase is presently underway in the Port of Hamburg in Germany. The first participants are Hamburger Container Service (HCS), an emp
Maersk receives world's first methanol-fuelled container ship Maersk has signed and taken delivery of the world's first container vessel operating on green methanol. The Danish carrier said on social media that the new HMD Hull, which was built at Hyundai Mipo Dockyard and Hyundai Heavy Industries in South Korea, will soon be deployed on its services. The vessel is now preparing to embark on its maiden voyage towards Maersk's headquarters city, Copenhagen,
Australian government hires Xodus for Northern Endeavour FPSO decom work UK energy consultancy Xodus has been awarded a contract to provide technical and project support services for the decommissioning of the Northern Endeavour FPSO in the Timor Sea. This contract relates to Phase 1 of decommissioning and covers the disconnection and removal of the FPSO including topsides and subsea flushing and well suspension. Xodus will ...
Ernst Russ buys largest boxship to date Germany's Ernst Russ has added a 13,371 teu container vessel to its fleet for an undisclosed sum. The shipowner bought the containership, built and delivered in December 2010 by Samsung Heavy Industries Shipyard in South Korea. The ship has already been taken over by Ernst Russ. The containership is currently on a charter with Hapag-Lloyd ...
Noble drillship scores more work offshore Malaysia New York and Copenhagen-listed offshore rig owner Noble Corporation has won more work for its drillship offshore Malaysia. Sarawak Shell Berhad and Sabah Shell Petroleum have exercised three one-well options on the 2013-built rig formerly known as Maersk Viking. One of the options will be novated to Thailand's PTT Exploration and Production (PTTEP) for the ...
Evergreen splashes out billions on 24 methanol dual-fuel newbuilds Another one of the world's top 10 carriers has joined the rush for methanol-powered ships. Evergreen has firmed up a much-awaited order for 24 methanol dual-fuel 16,000 teu vessels. The Taiwanese carrier has tapped Japan's Nihon Shipyard and South Korea's Samsung Heavy Industries for eight and 16 units, respectively. The world's sixth-largest liner in capacity ...
Havila Shipping seals subsea vessel charter extension Norwegian offshore vessel owner Havila Shipping has secured a contract extension with OceanPact for its subsea vessel . The 2005-built and 2007-converted ship also known as Parcel Dos Meros will potentially stay with the Brazilian offshore vessel owner and services provider on a bareboat charter until December 2024. The Fosnavåg-based firm, which operates 17 ships, ...
Indonesia seizes Iranian-flagged VLCC Indonesian authorities have seized an Iranian-flagged very large crude carrier suspected of illegal ship-to-ship oil transfer in the country's North Natuna Sea. The 1997-built was detained on Friday for transshipping without a permit onto Cameroon-flagged S Tinos, a vessel fleet register Equasis lists as scrapped in 2018. "The two supertankers tried to escape and authorities ...
Standard Supply flips PSV for $4m profit Norwegian owner Standard Supply has flipped its mid-sized platform supply vessel for some $4m profit after buying the unit about a year ago. The Oslo-listed company, majority owned by Øystein Stray Spetalen's investment vehicle SD Standard ETC, has offloaded the 2012-built PSV for $11m. Standard Supply purchased the vessel as Highland Duke from Tidewater for ...
Jinjiang Shipping targets $416m from Shanghai listing Jinjiang Shipping, the liner unit of Shanghai International Port Group (SIPG), has put a number on its proposed initial public offering (IPO) at the Shanghai Stock Exchange. The intra-Asia carrier will float 15% of its stock, aiming to raise about RBM3bn ($416.5m) to expand its fleet, purchase containers, and digitalise its operations. Currently, SIPG owns ...
Alberta Shipmanagement signs for pair of suezmax newbuilds in Japan Nicholas Inglessis's Alberta Shipmanagement is expanding its fleet with a pair of suezmax tanker newbuilds in Japan. The Athens-based firm has contracted Nihon Shipyard, a joint venture between Imabari Shipbuilding and Japan Marine United, to build and deliver the duo in April and May 2025. No price has been revealed for the 158,600 dwt ships. ...
Eleven ships break down in wake of latest Houston bunker contamination case Houston has another bunkering problem. Fuel checker VPS is reporting a bunker contamination case at the Texan port, the largest bunkering hub in the Americas. VPS detected the presence of dicyclopentadiene (DCPD) and associated isomers at significantly high levels in VLSFO bunker fuel deliveries in Houston from a single supplier for three months from March ...
Maersk takes delivery of first methanol-fuelled boxship Maersk has signed and taken delivery of the world's first methanol-fuelled container vessel, built at Hyundai Mipo Dockyard in South Korea. The vessel is now preparing to embark on its maiden voyage towards Copenhagen with fuel provided by OCI Global. The ship is scheduled to arrive in the Danish capital in September where Ursula von ...
Sinopec offloads ageing tanker Chinese oil and gas player Sinopec has let go of one tanker. Several broker reports report that the owner is selling the 47,000 dwt . The 18-year-old, Onomichi-built ship is noted old for $19m, reflecting the high spec and good survey dates. There have been some signs of slowing S&P activity in the tanker market ...
China to launch container futures product China will shortly launch a container shipping futures product, which will use the renminbi as the settlement currency. The Shanghai Futures Exchange has been working with the Shanghai Shipping Exchange to develop the Shipping Index Futures. Last year saw the launch of CME Group's container freight futures in the UK covering six routes. The futures ...
Norway keeps on giving with largest discovery in a decade Norwegian oil and gas player DNO has announced a gas and condensate discovery on the Carmen prospect that it claims is the largest hydrocarbon discovery in Norway in the last decade. The Carmen prospect is in the Norwegian North Sea license PL1148, operated by Wellesley Petroleum. DNO is a partner in the license along with ...
Oil transfer from FSO Safer set to start next week Transfer of crude oil from the dilapidated FSO Safer stranded off the coast of Yemen, is expected to start early next week, a senior United Nations humanitarian official told the Security Council on Monday. Carrying over 1.1m barrels of oil, the FSO Safer was abandoned off Yemen's Red Sea port of Hudaydah after the civil ...
Car carrier knocks over crane in Bremerhaven harbour A car carrier broke away from its moorings, went adrift in the Bremerhaven harbour, hit one of the docks, and knocked over a crane weighing around 450 tons on Sunday evening. The stern lines of the 227-meter long and 32-meter-wide ship ripped out of the pier at around 9 pm local time together with the ...
Partners Group sells down stake in Dutch offshore wind farm Swiss-based private equity firm Partners Group has agreed to sell a 15% stake in Dutch offshore wind farm Borssele III & IV to clean energy fund manager Nuveen Infrastructure for an undisclosed sum. A move by the owner of Aberdeen-based OSV owner and operator North Star follows last year's divestment of a 20% stake to ...
McDermott wins Australian decommissioning contract Houston-based McDermott has been awarded an engineering, procurement, and removal contract by Woodside Energy for offshore decommissioning work in the northwest Cape of Western Australia. The award is for the full removal of the Stybarrow disconnectable turret mooring buoy, as part of the decommissioning of the Stybarrow field. Under the contract scope, McDermott will provide ...
NCB to collaborate on illegal wildlife trade Carriers have been using software to prevent undeclared cargoes making it onto ships. A new initiative will seek to do...
Grimaldi ship fire extinguished A fire onboard a Grimaldi ro-ro vessel docked in the port of New York and New Jersey that claimed the...
Freightos to lay off about 13% of its workforce amid weak market conditions Freightos announces a plan to improve efficiency and cut costs, including a reduction of about 13% of its work, or...
Greek and Cypriot shipping bodies give thumbs up to IMO decarbonisation strategy Shipping is ready to embrace innovation once it has sufficiently matured, says Union of Greek Shipowners president Melina Travlos
Testing firms report bunker fuel contamination in Houston Testing firm VPS and the Fuel Oil Bunkering Analysis and Advisory Service report contamination in Houston bunker fuels. The organisations advise...
Sanctioned Iran-flagged tanker seized by Indonesian authorities The tanker was detained over a suspected illegal ship-to-ship transfer
The next IMO secretary-general: Arsenio Dominguez Meet the seven candidates for secretary-general of the International Maritime Organization over the next week as Lloyd's List sits down...
Smart container uptake set to accelerate Most smart containers in use are reefers. But increasing numbers of carriers are looking to add tracking devices to their...
Seafarers traumatised by accident investigations, rights campaigners claim 'All too often, only seafarers are presumed guilty in the event of casualties or crimes and are scapegoated. That is...
Evergreen joins the ranks of methanol boxship owners with $5bn newbuilding order Evergreen's first ever order for alternative fuel vessels brings the total orderbook for dual-fuel methanol boxships to 121 units
DWF in talks with private equity Offer from Inflexion values firm at more than $400m
China's largest ship lessor wants to see increased investment in green shipping Bocomm Financial Leasing chairman Xu Bin has urged more lessors to back green investments and become a driving force behind...
Grimaldi ship fire now contained following spread to crew accommodation area A fire that started on deck number 10 on the past Wednesday, July 5, which claimed the lives of two...
Trøim's bulker units net 40% premium to benchmark rates Himalaya Shipping and 2020 Bulkers' chief executive says it generally manages to achieve a circa 40% premium due to having...
China sets up new body to oversee shipping decarbonisation China's national ship energy efficiency management centre will be established in Shanghai by 2024 - tasked by the Ministry of Transport...
Daily Briefing Countries call for IMO to open up to the public | Cosco underlines ambitions for Piraeus | ONE seeks diversification...
Greener tanker orders unlikely to surge, despite revised emission-cutting strategy Until a detailed carbon pricing mechanism becomes available, the IMO could be caught in a dilemma between extending the trading...
Detention and demurrage fees fall Daily fees were criticised during the pandemic when shippers felt they were charged for events beyond their control. As congestion...
Western Canada dockworker strike disrupting billions in trade: employers With the strike by ILWU Canada now in its 11th day, some C$7.5 billion in Canadian imports and exports has been compromised thus far, the British Columbia Maritime Employers Association says.
California's major container ports get $735 billion in state funds for upgrades The ports of Los Angeles, Long Beach and Oakland will use the grant money for infrastructure projects that will promote more efficient freight movement as well as emissions-reduction efforts to meet clean-air goals.
Visibility product launches show cargo market open to new options Three new visibility products - from a hardware provider, a forwarder and a data provider - are evidence of a diverse cargo visibility market that is expanding options for shippers.
Raft's focus on AI yields fruit as investors re-up in logistics software provider A variety of technology providers are aiming to arm forwarders with AI-backed tools that help with areas like customer service and rate quoting, while others are focused on technology enabling internal operational efficiency.
Canada dockers strike blocking $7.5bn in cargo, employers say World's six biggest shipping companies control about 70% of global trade and together made $100bn in profit in 2022, Canadian union says
Grimaldi ro-ro fire off Newark is 'officially out', US Coast Guard says Formal investigation into cause of fire and salvage operation are set to begin on Wednesday, port official says
'Tough decision': Freightos chops 13% of workforce to confront weak market conditions Freight platform axes 50 employees in bid to add $5.6m per year to adjusted Ebitda
Steady as she goes is the best flight path for Eagle Bulk as analyst weighs options With the dust settling around investment from two shipowners, Alliance Global sees leadership status quo as the way forward
'Peculiar' naphtha trading patterns boosting product tankers, Gibson says Russian volumes heading to Asia are drawing ships away from mainstream markets
Comment: Fresh IMO targets highlight need for full-court press on carbon The IMO makes progress on shipping's decarbonisation but proves it cannot carry the ball alone
Mainstream tankers risk being caught in shadow fleet STS crackdown, says Intertanko Independent owners say standard operating procedures could turn ships dark during transfers
Turkey likely to step up enforcement as calls by Russian cargo ships revealed Reed Smith lawyer Tan Albayrak believes Erdogan regime will angle for Western investment by tightening up on sanctioned vessel calls
Three steps shipping should take to flourish in a net zero world The journey to profitable, sustainable shipping starts with just three small measures, says McKinsey & Co partner Matt Stone
Standard Supply flips PSV for 60% more than 2022 purchase and reactivation cost Asset values rising in tighter offshore vessel market
Evergreen seals deal for 24 methanol-fuelled container ships Taiwanese liner operator joins the crush of liner operators betting on methanol propulsion
Fresh IMO targets highlight need for full-court press on carbon The IMO makes progress on shipping's decarbonisation but proves it cannot carry the ball alone
Adam Polemis linked to first bulker buy in nearly four years Greek shipowner's New Shipping said to be swooping on vessel of serial capesize seller Goodbulk
Ernst Russ makes surprise move into neo-panamax container ship segment Feedership tonnage provider enters big league
Notorious Iran-flag VLCC seized again in illicit ship-to-ship transfer probe Arman 114 was seized by British Royal Marines under a former name in 2019 over suspected sanctioned oil trades
Ernst Russ makes surprise move into the neo-panamax container ship segment Feedership tonnage provider enters big league with acquisition of 13,371-teu Rome Express
Notorious Iranian-flagged VLCC seized again in illicit ship-to-ship transfer probe Arman 114 was seized by British Royal Marines under a former name in 2019 over suspected sanctioned oil trades
'No confidence': KCC boss Dahm disappointed at vague IMO climate decisions CEO of combination carrier company says investment decisions are now harder thanks to last week's dithering
IMO opens the door for biofuel to be used in CII assessment Temporary circular has been issued to cover a major gap in the fuel efficiency regulation
Odfjell promotes first female captain in 109-year history Norwegian Lise Henriksen makes history with appointment to chemical tanker Bow Sky
CLdN ro-ro breached after grounding on UK lighthouse rock Tugs attending vessel after incident off the coast of Cornwall
Wallenius Wilhelmsen car carrier Don Quijote tilts at Lloyd Werft crane Structure knocked over at shipyard after vessel was torn loose in storm
North Sea demand boost as DNO reveals biggest oil and gas find in a decade Tankers, gas carriers and offshore support ships could all receive a boost from Carmen prospect
ZeroNorth signs up trading giant Louis Dreyfus' chartered fleet of 200 bulkers Danish optimisation platform aims to help improve vessel performance and cut fuel use
Mainstream tankers risk being caught in shadow fleet STS crack down, says Intertanko Group of independent tanker owners says standard operating procedures could turn ships dark during STS operations.
Private equity outfit looks to take shipping law firm DWF private Company has seen its share price decline by more than 40% since listing in London in 2019
Sale of Hyundai LNG Shipping parked up as bid falls short The future ownership of South Korean shipowner set to hang in balance for longer
Marubeni gives MaruKlav pool a 'fresh pair of eyes', says Klaveness' bulker boss Michael Jorgensen Pool manager thinks volatility in bulker market is set to stay - data will help its partners create opportunities as well as manage risk
Freightos laying off 13% of employees as revenue weakens Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to [...]
Cargo Airline Association's Alterman ends 40-year leadership run The Cargo Airline Association has a new president for the first time in 40 years.
Rickenbacker Airport adds refrigeration for Ohio pharma industry Rickenbacker International Airport in Columbus, Ohio, caters to cargo. It is targeting the medicine, vaccine and biologics business with a new temperature-controlled facility.
Viewpoint: Data shows Canada port strike impacting US logistics Ships continue to stack up as Canada's port strike continues, according to new data from the ITS Logistics Port/Rail Ramp Freight Index.
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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