U.K. will transfer two minehunters to Ukraine The U.K. and Norway are to lead a new Maritime Capability Coalition to support Ukraine. As part of the initiative, the U.K. will transfer two Royal Navy Sandown class minehunters to the
USCG lab identifies responsible party in NY/NJ tar ball pollution A spill that happened on the evening of Nov. 22 during an oil transfer at an oil facility in Bayonne, N.J. has been identified as the source of an incident that subsequently
BOEM moves ahead on more offshore wind projects In a clutch of announcements today, the Bureau of Ocean Energy Management (BOEM) said that it has completed its environmental review of the proposed Sunrise Wind energy project, is proposing an offshore
Vard wins $200 million Toyo Construction cable layer contract Fincantieri reports that its Norwegian subsidiary Vard has signed a contract worth more than $200 million to design and construct a hybrid-powered cable-laying and construction vessel for Japan's Toyo Construction. The hull
DP World commences works on Southampton driver welfare facility DP World has today (11 December) broken ground on a new state-of-the-art driver welfare facility at its Southampton logistics hub. When complete, the new facility will provide the drivers of heavy goods vehicles (HGVs) with amenities including a restaurant, café, bathrooms and showers, and will accommodate over 120 lorries with 24-hour security. Alongside these driver welfare benefits, the 7,500m
DP World Marine Services achieves 16% reduction in carbon emissions DP World Marine Services has successfully slashed its carbon footprint by over 16% in 2023, measured against its 2019 baseline of 2,118 ktCO2e. "Much of the reduction came from optimising its vessels' routes and scheduling to ensure full utilisation and reduced idling time. Creating more efficient deployment networks - with vessels traveling along more direct, shorter routes- also leads to a redu
FMC dismisses MSRF's complaint against HMM The US Federal Maritime Commission (FMC) has thrown out US gourmet food producer MSRF's complaint against South Korean liner operator HMM. In June 2022, MSRF complained against HMM and Taiwanese liner operator Yang Ming Marine Transport to the FMC, accusing them of contravening their contractual obligation to provide the requisite shipping capacity in 2021 and 2022, when the container shipping ma
Shaping Sustainability: The Digital Evolution of Shipping in 2024 In the global pursuit of sustainability, industries worldwide are placing an increasing emphasis on eco-friendly practices, recognizing the crucial role each sector plays in the collective effort. The shipping industry is not simply catching up; it is forging ahead in the digital revolution, with sustainability as its main objective in the year 2024. As the shipping industry critically aligns its
Hapag-Lloyd increases rates from Asia to Latin America Hamburg-headquartered container line Hapag-Lloyd has announced a General Rate Increase (GRI) from Asia to the West Coast of Latin America, Mexico, Caribbean, Central America and Latin America East Coast. The German box carrier said the new GRI will be effective from 1 January and will apply to cargo transported in 20' and 40' dry containers, including high cube equipment and 40' non-operative ree
ONE launches new subsidiary in Japan Ocean Network Express (ONE) has announced the establishment of a new subsidiary company, ONE DEJIMA CO.LTD. in Nagasaki, Japan. ONE said this establishment was made possible with the support of Nagasaki Prefecture, Nagasaki City, Fukuoka Financial Group and the Juhachi-Shinwa Bank, Ltd. The new company, which will be supporting some of the operational functions from ONE's global headquarters in S
COSCO partners with MAN Energy Solutions for container vessel retrofit solutions COSCO Heavy Industry Shanghai has formalised a strategic agreement with MAN Energy Solutions for the methanol retrofitting of four main engines on COSCO Line's Camellia and Virgo-class vessels, boasting capacities of 13,800 and 20,000 TEU respectively. Currently propelled by single-fuel MAN B&W 11S90ME-C10.5 engines, these vessels are set to transform dual-fuel MAN B&W 11S90ME-LGIM10.5 units, cap
MSC adds Karachi port to Sentosa-Shikra pendulum service rotation The world's largest container carrier MSC has decided to enhance its Sentosa-Shikra pendulum service. The service, which is operated solely by the Swiss/Italian line, will now include a port call at Karachi in Pakistan, providing direct service between Asia, Pakistan and the US West Coast. The updated port rotation will be Port Klang (Malaysia) - Singapore - Laem Chabang (Thailand) - Vung Tau (Vi
Hapag-Lloyd is working on wind-assisted propulsion project for container ships German ocean carrier Hapag-Lloyd is working on wind-assisted container ship propulsion project trying to figure out how this could work in technical terms. At the beginning of the year, Hapag-Lloyd and its partner, the yachtsman Boris Herrmann and his Team Malizia, launched a concept study for a 4,500 TEU vessel with a state-of-the-art wind-assisted propulsion system. "Some shipping companies hav
Evergreen goes bright and colourful to retain seafarers Evergreen Marine Corporation has designed the living quarters of its largest ships to look like cruise ships in order to give its seafarers the best living conditions to compensate for their long absences from their families. The Taiwanese mainline operator has decorated the crewmen's accommodation in its newest 24,000 TEU ships to create a semblance to the interiors of cruise ships. An Evergreen
COSCO hits 100,000th electronic bill of lading milestone On 24 November, COSCO SHIPPING issued its 100,000th blockchain-based electronic bill of lading to a cross-border e-commerce customer in Shenzhen, marking a significant milestone in its commitment to providing secure and efficient services. Throughout the year, COSCO SHIPPING has successfully delivered blockchain-based electronic bills of lading to over 7,500 diverse customers, ranging from large-
New charging station for electric trucks to open in Long Beach The increasing fleet of electric trucks servicing the Port of Long Beach will be able to charge at a new depot on Pico Avenue, just north of the Long Beach International Gateway Bridge, which is set to open in mid-2024. The Californian port is collaborating with Forum Mobility, a provider of zero-emission drayage trucking solutions, to supply 19 dual-port chargers and six single-dispenser charger
Carrier fuel surcharges to soar for shippers in 2024 amid trade disruptions The next year will witness large increases in the scale of bunker adjustment factors (BAFs) applied by container carriers as the shipping industry faces new trade and regulatory challenges. From 1 January, BAF tariffs have been revised substantially upwards across trade lanes while they vary widely from carrier to carrier. For example, CMA CGM's revised BAF rates will be US$602 per TEU, US$669 pe
SAL Heavy Lift exercises option for MPP newbuild at Wuhu Germany's SAL Heavy Lift has lifted its orderbook at Wuhu Shipyard in China to five firm 14,600 dwt heavylift multipurpose (MPP) vessels. The Hamburg-based outfit of the Harren Group already had four 149.9 m long ships at Wuhu for delivery starting in mid-year 2024. The first two ships will be exclusively involved in the shipping ...
Shell opts out of Northern Ocean rig John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, announced that Shell will not be keeping the 2019-built rig Deepsea Bollsta after its contract expires in June next year. In May, Shell declared its option on the semi for continued work in Namibia with an additional option for a consecutive six-month period which ...
BW Ideol inks Port Talbot floater pact with ABP Recently privatised floating wind company, BW Ideol, has teamed up with UK's largest port operator Associated British Ports (ABP), to investigate the feasibility of serialised production of concrete substructures for floating offshore wind turbine foundations based on the BW Ideol design at ABP's port of Port Talbot. A memorandum of understanding between the duo has ...
Star Bulk and Eagle Bulk to merge Two bulker heavyweights are merging. Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have sealed a deal to combine into the largest US-listed dry bulk shipping company with a combined fleet of 169 owned vessels on a fully delivered basis. The transaction unanimously approved by the boards of directors of both companies is ...
Vard wins $200m cable lay and construction vessel order from Japan's Toyo Norway's Vard, part of Italian shipbuilding giant Fincantieri, has secured a contract from Japan's Toyo Construction to design and build a power cable lay and construction vessel. Toyo Construction, which has set out to take the top share in Japan's offshore wind construction sector, is paying more than $200m for the 149.6 m long ship ...
Jifmar takes over Acta Marine workboat business French marine contractor and vessel operator Jifmar Offshore Services has snapped up all workboat activities of Dutch offshore shipowner and operator Acta Marine for an undisclosed sum. The acquisition covers 26 workboats, the crews, the Netherlands-based firm and all existing contracts. Acta Marine's offshore wind construction support and walk-to-work businesses have not been included in ...
Shipping leaders set out plans to deliver on IMO emission targets 60 maritime organisations and government partners have agreed on a course to deliver on the International Maritime Organization (IMO)'s net zero targets by or around 2050 at Shaping the Future of Shipping, an event hosted by the International Chamber of Shipping and the government of the UAE on the sidelines of COP28 in Dubai. More ...
Okeanis Eco Tankers debuts on the New York Stock Exchange Greek owner Okeanis Eco Tankers (OET) will start listing its shares on the New York Stock Exchange (NYSE) from this morning. The Alafouzos family vehicle, listed in Oslo in 2018, boasts a fleet of six suezmaxes and eight VLCCs. The NYSE listing sees Okeanis Eco Tankers change its listing status in Oslo to secondary. Other ...
Clipper sells handy to new Turkish owner Clipper Group has sold a handy bulker to Turkey's ZBB Bulkers. Little is known about ZBB Bulkers, a company with no track record in shipowning. The bulker outfit is based in Istanbul, according to its website which is still under construction, while some of its staff have been with the company for a little over ...
Cape sales trickle in Cape rates have see-sawed in dramatic fashion in December, losing $20,000 last week from highs of $55,000. Cape sales have ignored the wild spot fluctuations, partly because most ships will be delivered to their new owners in the first quarter when the market is weaker seasonally. Last week's most-watched ship sale was the scrubber-fitted, six-year-old, 181,000 dwt ...
Cadeler seals $592m green finance deal ahead of Eneti merger BW Group-backed Danish offshore wind contractor Cadeler has agreed senior secured green loan deals worth €550m ($592.5m). The financing is led by DNB and supported by Rabobank, Credit Agricole, Danske Bank, Oversea-Chinese Banking Corporation (OCBC), Standard Chartered Bank and Societe Generale. The loans will be used to refinance existing vessels in Cadeler and Eneti ahead ...
Who'll win the maritime tech battle? Simon Francis, the founder of SHINC, a laytime claims platform, harks back to the dot.com bubble in assessing who will come out on top in today's crowded maritime start-up scene. Mark Roberge at Stage 2 Capital and founder of the CRM software platform Hubspot did a recent podcast where he posed the question who will ...
Shelf Drilling awarded $73m rig contract in Vietnam Oslo-listed jackup rig pure-play Shelf Drilling has secured a contract for the Shelf Drilling Perseverance with PetroVietnam Domestic Exploration Production Operating Company. The 2008-built rig, formerly the Noble Hans Deul will shortly start mobilisation to Southeast Asia, with the planned start-up of operations in Vietnam expected in the third quarter of 2024. The fixture is ...
Houthis widen ship targets It has been another weekend of heightened fear for seafarers transiting the Red Sea. On Saturday, Yemen's Houthi movement said they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports. The Houthis have attacked and seized several Israeli-linked ships in the Red Sea in recent weeks in ...
Yinson Production invests in scrubber outfit Ionada's carbon-capture tech Yinson Production has invested in an innovative carbon capture technology developed by Canadian scrubber maker Ionada as part of its commitment to reduce greenhouse gas emissions from its offshore operations. The Singapore-based offshore unit of the Malaysian Yinson Group said Ionada's technology has "enormous potential" to support the offshore oil and gas industry's transition to ...
Gate Energy wins Woodside FPU commissioning contract Houston-based Gate Energy has been awarded the commissioning contract for the Woodside Trion floating production unit (FPU) project by HD Hyundai Heavy Industries. The contract with an undisclosed value includes pre-commissioning and commissioning planning and execution at HHI's fabrication yard in Ulsan, South Korea. The latest deal marks the third consecutive HHI-built FPU project awarded ...
Hapag-Lloyd studies wind propulsion for boxships German carrier Hapag-Lloyd has been studying wind propulsion options for newbuilds. The Hamburg-headquartered liner has unveiled a newbuilding concept design of a ship with a capacity of 4,500 teu featuring eight sails with a total sail area of 3,000 sq m. The six rear sails are extendable, and the two front ones retractable. According to ...
MSC in for Zodiac resales Prized Korean newbuild slots are changing hands for big prices. Resales are happening as owners seek earlier delivery slots with South Korea's top three shipbuilders all reporting record orderbooks that stretch into 2027, and all of them are also struggling to keep up with their production schedules. Maersk Broker is reporting a change of ownership ...
Eagle Bulk and Star Bulk announce landmark merger to create dry bulk behemoth Bulker owners Eagle Bulk and Star Bulk to combine, creating a 169-vessel dry bulk mammoth
Three dead after fume inhalation on bulker off Philippines Three crew of Marshall Islands-flagged bulker Blue Cecil have died after being found unconscious, reportedly from inhaling dangerous fumes
UK establishes new unit to crack down on Russian sanctions evasion The new unit will focus on companies circumventing Russian sanctions, who will face tougher penalties with the creation of OTSI...
More vessels at risk as Houthis up Red Sea threats It is not just ships on the way to Israel that need to be wary, warn security analysts. Those with...
One Hundred People 2023: Industry influencers adjust outlook as the difficult detail kicks in Carbon regulation has once again dominated Lloyd's List's annual assessment of influence in shipping, but while the International Maritime Organization...
Box volumes continue to tread water in October Annual growth of nearly 10% needs to be taken in the context of the past year's slump. Since 2019, annualised...
Prokopiou adds suezmaxes to giant orderbook Already reported to be looking at more newbuildings for dry bulk arm Sea Traders
Some London underwriters not quoting Israeli shipowners for Red Sea transits Hikes could add hundreds of thousands of dollars to cost of using Suez Canal
Swedish Club becomes final International Group affiliate to declare renewal pricing Year ahead will see lowest rate hikes since 2020
The week in newbuildings: Orders valued at $3.5bn signed Newbuilding contracts for 14 bulk carriers, five gas carriers, 11 tankers and 12 vehicle carriers have been recorded in the...
Questions raised over dark fleet Estonia P&I coverage The Continental Steamship Owners Mutual Protecting & Indemnity Association Ltd has not confirmed the status of tankers entered with the marine...
Global trade value shrinks by 5% in 2023 Trade in goods is expected to have fallen by $2trn in 2023. The outlook for 2024 remains 'generally pessimistic'
Top 10 technology leaders 2023 MAN Energy Solutions' Dr Uwe Lauber is named this year's top technology talent, as the engine manufacturer rises to the...
Dark fleet suezmax tanker spoofed location off West Africa before running aground Cameroon-flagged Liberty, whose owner and insurance status are unknown, was freed by tugs three days ago after running aground on...
Geopolitics and carbon taxes driving bets on Shanghai's container futures Trading mainly boosted by speculators. Industry players remain cautious about getting involved
IMO's Dominguez vows to find compromise among member states The IMO's incoming secretary-general says he will work to make sure all member states are on board to deliver the...
Daily Briefing Angel officers still under detention in Taiwan | Ukraine's Danube port turnover nears 30m tonnes this year but demand starts...
Software vendors seek opportunities in the smaller corners of logistics Cost and long implementation timelines are among the reasons software has been out of reach for smaller shippers, brokers and carriers, a dynamic that newer solutions providers are attempting to change.
North American intermodal headed for down year, but 'green shoots' exist: analyst The fundamentals for intermodal demand in 2024 appear to be improving in several important respects, according to analyst Larry Gross, though some adverse long-term fundamentals remain in place.
Reset for wind energy cargo reflects global supply chain realities Although carriers and project forwarders have seen lower wind volumes in some markets this year, the slowdown is bringing the US wind buildout to a more realistic level, stakeholders say.
US truckload pricing expected to rise, but trajectory remains unclear Not all industry analysts believe a surge in demand is necessary for US truckload rates to rise in 2024, but some say capacity levels remain too high for a big move upward.
Star Bulk Carriers acquires Eagle Bulk in all-stock $500m deal Star Bulk's Petros Pappas to lead combined $2.1bn shipowner with 169 bulkers
UK provides mine sweepers to help protect Ukraine's Black Sea trade New pro-Ukraine Maritime Capability Coalition is led by UK and Norway
Master and officers 'held hostage' by Taiwan in dispute over container ship sinking Seafarers appeal to president to send them home five months after accident
Vard seals deal for $200m offshore wind cable-layer from Toyo Construction Fincantieri-owned shipyard company wins contract for hybrid-power vessel
OSG's Sam Norton seeks to solve the US-flag crewing crisis by looking overseas CEO of Overseas Shipholding Group talks about 'the toughest challenge'
Three seafarers die after being found unconscious in bulker hold Azure Maritime vessel had sought medical assistance from Philippines Coast Guard
France's Jifmar strikes deal to buy 26-ship offshore fleet from Acta Marine Dutch owner will focus on new wind farm service operation ships after transaction
Russia plans to open Northern Sea Route year-round in 2024 Pilot program due to start from January as Arctic LNG 2 gears up for launch
Profit motive: KCC's Engebret Dahm says a bankrupt owner cannot help decarbonise shipping Norwegian CEO says a sustainable approach must start with efficiency
Israeli war risk insurance rates under pressure after latest Houthi threat Israel says it can defend shipping and cover any losses met through public fund
Panama Canal transits plunge 20% as Clarksons predicts deepening disruption UK shipbroker said drought impact will intensify before it eases
EU deal will allow countries to ban Russian LNG cargoes Will key importers Belgium, Spain and France make a move on imports?
Amazon drought blamed for grounding of Greek MR tanker in Brazil Minerva Rita got stuck after moving into shallow waters, Brazilian authorities say
Pertamina builds VLGC capacity with $240m raid on Avance Gas fleet Indonesian state energy company will have five large gas carriers after deal goes through
Modern Aeolos VLCC fuels tanker S&P rumour mill Middle East buyers said to have swooped on four-year-old ship, in yet another lucrative deal for Greek owner
Castor widens bulker sale campaign by shedding its only capesize Latest capesize deals suggest the secondhand market for big bulkers is catching up with improved freight rates
Game-changer: Moundreas tanker delivers first crude to Nigeria's new Dangote refinery Clean tanker demand set to be hit as Nigeria aims for self-sufficiency in oil products
Could emissions trading problems force owners to suspend shipping services to charterers? Reed Smith's Nick Austin posits potential drastic action in extreme cases
Amazon drought blamed for grounding of Greek MR tanker off Brazil Minerva Rita got stuck after moving into shallow waters, Brazilian authorities say
Three seafarers die after being found unconscious on bulker Azure Maritime vessel had sought medical assistance from Philippines Coast Guard
Japan's Shin Nihonkai out of cruise as Pacific Venus moves on to South Korean owner Vessel will launch new South Korean cruise operation following shipyard spell
Shipping industry hangs on carbon levy decision before green fuel plunge Methanol producer Proman says operators are currently unwilling to pay higher prices for green fuels
Seafarers bear brunt of failures to respond to Covid-19 crisis, says owner Some shipyards have declined to incorporate measures requested by owners to improve the health and well-being of seafarers
Old bulkers live on as spike in spot rates sees owners pull ships from demo market The absence of bulkers and tankers leaves Indian recyclers chomping on feeder-size container ships
Singapore plans green corridor with China's Tianjin Port City state says it will also be exploring similar collaborations with other ports in China
How Venezuelan invasion of Guyana could impact tanker shipping As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.
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