All American Marine delivers innovative offshore wind survey vessel Bellingham, Wash., based All American Marine (AAM) has delivered an offshore wind survey vessel to Geodyamics, a Newport, N.C., based subsidiary of Nasdaq-listed NV5 Global, Inc. The research and hydrographic vessel, the
HaiSea Marine tugboats named at Sanmar Shipyards Turkey's Sanmar Shipyards last week held naming ceremonies on two consecutive days for five advanced tugboats being built for Canada's HaiSea Marine. The fleet of three battery-electric harbor tugs and two LNG
Top Women in Maritime 2022 video debuts at TTB Every year, Marine Log's editorial team carefully selects 20 women of varied backgrounds, ages and locations, as its Top Women in Maritime based on nominations submitted by those in the industry. In
Anglo-Eastern plans 200-vessel StarLink roll-out One of the world's leading ship managers, Hong Kong headquartered Anglo-Eastern, plans to roll out SpaceX's Starlink Maritime broadband service on at least 200 vessels by year-end, with more to follow. The
Rail container traffic on the rise in Valencia In 2022, a total of 2,230,683 tonnes of cargo were transported by rail in the Port of Valencia, an increase of 8% over 2021. At the same time, the Spanish port saw 236,142 TEUs be moved by rail in the previous year, translating to a 10% growth over 2021. Additionally, the percentage of containers carried by rail compared to the port's total was 7.8% in 2021, rising to 8.9% in 2022. Port of Valenc
Singapore highlights container shipping as Covid-19 success story The Singapore government has credited container shipping with ensuring a resilient supply chain as the city-state battled Covid-19 from 2020 to 2021, according to a government report. The government white paper stated that as the aviation sector shut down, container shipping was the main means of moving food supplies. Pacific International Lines, Singapore's only locally owned ocean-going carrier
ZIM increases annual revenues amid slight container decline Israel-based container line ZIM Integrated Shipping Services has published its operating and financial results for the full year ending 31 December 2022. ZIM reported a year-on-year decline of 3% in its container volumes, handling 3.38 million TEUs in 2022. The Haifa-headquartered company noted that the average freight cost per TEU in 2022 was US$3,240, compared to US$2,786 in 2021, representing
CMA CGM launches direct Bangladesh-Middle East service CMA CGM Group announced the launch of a new service, named Bangladesh India Gulf Express (BIGEX). The French shipping company said it will be the first direct service that will connect Bangladesh to the Gulf's Jebel Ali and Abu Dhabi, as well as Nhava Sheva and Mundra in India. BIGEX will begin operating from the port of Chittagong in Bangladesh on 5 April. Three 1,700-TEU vessels will be deploye
Port of Oakland passes zero-emission law At its meeting on 9 March, the Oakland Board of Port Commissioners approved an environmental ordinance. The Port legislation requires cargo-handling equipment (CHE) tenants to develop a strategy for converting CHE to zero emissions. Tenants at the Port of Oakland have until 31 December 2023, to develop a cargo-handling equipment conversion plan. Furthermore, the law will enable the Californian po
Malta Freeport adds two new services Malta Freeport Terminals has introduced two services that provide customers with quick transit from Malta to different European ports, including seven-day delivery to Felixstowe and Southampton in the United Kingdom. According to the statement, the NC LEVANT express, which is run by CMA CGM and ONE and already calls at the Freeport on its Southbound route, from now on it will provide services to
NYK sends first ship for demo in Bangladesh Chattogram-based PHP Ship Breaking and Recycling Industries said it has become the first ship recycling facility in Bangladesh to receive a ship from Japan. Nippon Yusen Kaisha (NYK) has sold its 1998-built multipurpose (MPP) vessel Kamo to PHP for recycling in line with the Hong Kong Convention for the Safe and Environmentally Sound Recycling of ...
Navigare Capital sells five-year-old boxship to D Oltmann Reederei Denmark's Navigare Capital Partners has sold its youngest containership to German shipowner D Oltmann Reederei. The Copenhagen-based alternative investment fund manager, which has containers, bulkers, tankers, gas carriers and offshore wind support vessels in its portfolio, confirmed the sale and delivery of the 2018-built for an undisclosed price tag. VesselsValue estimates the 10,100 teu boxshi
Atlas and EMF score profitable asset play with sale of aframax newbuilds Atlas Maritime of Greece and Danish shipping investment firm European Maritime Finance (EMF) have achieved a lucrative asset play in a vibrant tanker market with two aframax newbuilds from South Korea. EMF, chaired by the former Maersk chief commercial officer and the current CEO of Enerjen Capital, Stephen Schueler, confirmed the sale of 115,100 dwt ...
Scorpio Tankers buys back six more ships New York-listed Scorpio Tankers has repurchased six more ships slashing its debt by nearly $150m. The Monaco-based company said it had given notice that it will exercise options to buy two 2016-built LR2 product tankers, the STI Grace and STI Jermyn, the 2019-built LR2 STI Lavender and three MR product tankers, the STI Magnetic and ...
Peterson extends Havila Shipping PSV pair Norway's Havila Shipping has secured more work from energy industry logistics provider Peterson Den Helder for two of its platform supply vessels. An affiliate of Peterson Offshore has declared options for the 2009-built Havila Borg and Havila Herøy extending their employment until April 2024. Last month, Havila Shipping also won a contract with Equinor for ...
Reach Subsea seals three-year frame deal with Equinor Oslo-listed offshore services player Reach Subsea has secured a three-year frame agreement from Equinor for work on the Norwegian continental shelf and internationally. The deal covers all core activities for Reach Subsea, including installation support, seabed intervention and all forms of subsea surveys and monitoring. "The frame agreement will be an excellent driver for growth ...
More strikes to hit UK offshore assets Unite the union has confirmed that 200 Sparrows Offshore Services workers will take imminent strike action potentially shutting down dozens of platforms in the UK Continental Shelf. Around 150 Sparrows offshore contractors have voted to take strike action across more than 20 oil and gas platforms in a dispute over pay. The strike action will ...
NCT emerges behind cable layer order at Vard Denmark's NCT Offshore has been revealed as the owner behind the cable layer booked at Norwegian shipbuilder Vard. The ship of VARD 9 01 design will be built entirely by the Vard network in an upgraded version targeting renewables and fiber optics work. It will have a length of around 95 m and a total ...
COSCO car carrier venture in for three GSI newbuilds COSCO's car carrier shipping venture has contracted CSSC Guangzhou Shipyard International (GSI) for the construction of three new vessels. The Guangzhou-based branch of the state-run shipbuilding conglomerate has booked 7,000 ceu LNG dual-fuel vessels for delivery in 2026, lifting the shipyard's LNG-powered car carrier orders to 22. Guangzhou COSCO Car Carrier Shipping was set up ...
S&P Global buys Tradenet Vessel tracking data platforms are hot property in 2023. New York-headquartered S&P Global has joined the race to offer clients real time shipping data, announcing today the acquisition of UK-based technology firm Tradenet, which has been the long-time developer of the Market Intelligence Network (MINT) live vessel tracking platform that S&P Global has exclusively sold ...
One in five VLCCs 'break bad' TankerTrackers.com, one of the world's foremost sources covering illicit movements of oil, has worked out that one in five VLCCs trading today are "up to no good". The Samir Madani-led platform tracks ships breaking sanctions against Iran, Venezuela and Russia. It has counted 174 VLCCs out of the 900-strong fleet are currently breaking rules put ...
Wales greenlights first floating wind project The Welsh government has granted consent for the country's first floating wind farm being developed by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group. The project Erebus is located approximately 40km off the Pembrokeshire coastline and will house seven 14 MW turbines on Principal Power's WindFloat floating platforms, providing enough energy ...
Embiricos making a fortune selling VLCCs Epaminondas Embiricos-led Aeolos Management is dominating VLCC S&P headlines, pumping the market with ships bought cheaply in recent years and finding buyers keen to haul Russian oil. The savvy London-based Greek owner is making a fortune, offloading a string of rusty mammoths. Over the weekend, sources tell Splash that Aeolos Management is attempting to offload ...
'As connected as any office or home': Anglo-Eastern gives rave Starlink review Anglo-Eastern, one of the world's largest shipmanagers, has made the biggest on the record investment in Starlink at sea to date. The Hong Kong-based manager has earmarked at least 200 installations of Elon Musk's new satellite communication system across its fleet by year-end. Last week Anglo-Eastern had the first formal installation of Starlink's maritime broadband ...
Marine-Fields Holding expands its presence in Germany Marine-Fields Holding, part of the Tototheo Maritime, has bought fellow consultancy BM Bergmann Marine. "We are excited to join forces with Marine-Fields and to build on the strengths of both companies," said Michael Bergmann, managing director of BM Bergmann Marine. "Together, we will be able to offer an even broader range of services and solutions, ...
ExxonMobil relinquishes oil and gas permits in 'critical marine habitat' off Canada's Pacific coast ExxonMobil has relinquished the exploration permits it held offshore British Columbia, Canada, including two permits within or bordering the Scott Islands Marine National Wildlife Area. The permits were granted more than 50 years ago. WWF-Canada and the David Suzuki Foundation, represented by lawyers from Ecojustice Canada, disputed one of the permits in a court challenge ...
Navantia and General Dynamics NASSCO to join forces on development of floating offshore wind power in the US Spanish company Navantia Seanergies has signed a memorandum of understanding with the US shipyard General Dynamics NASSCO to enable the companies to jointly bid on offshore wind farm projects in the US. Through the agreement, the two companies will manufacture components and assemble floating foundations for offshore wind projects, combining Navantia's experience of almost a ...
Blue sky thinking on CII and the weather Advances in predictive analytics and weather forecasting accuracy are key to shipping's smart response to climate change, writes Eleni Polychronopoulou, CEO of METIS Cyberspace Technology. Entry into force of shipping's Carbon Intensity Indicator has only reinforced resistance to the International Maritime Organization mechanism devised to drive ship decarbonisation. Shipping interests have highl
Scorpio exercises purchase options on six product tankers Company has has exercised purchase options on more than 20 ships that were financed under sale and leaseback arrangements since...
Zim expects second-half rebound as rates 'near bottom' Israeli carrier issues a more modest guidance for 2023 amid a challenging near-term outlook for container shipping
Uniper proceeds with Rotterdam electrolyser plans German energy company has selected a technology provider to design its 100 MW Rotterdam electrolyser as part of its wider...
VLCC rates climb on firm activity Demand from China is seen as the biggest driver for large crude carriers with charterers seeking to fix tonnage for...
Russia-linked dredger denied entry to Lithuania over sanctions Vessels registered under the flag of Russia are prohibited from entering ports in the European Union
The week in newbuildings: Coated aframax tankers in demand Orders for two medium-range and five long range two tankers have been placed recently, together with one cable-laying vessel and...
Amazon and Aspen Institute announce maritime decarbonisation alliance Alliance says its mission is to give companies access to zero-emission shipping solutions that are not yet available
Green hydrogen breakthrough unlikely before 2035, study finds A new study by the Potsdam Institute for Climate Impact Research sets out the challenges that could delay the scaling...
Container demand fall will spark service modifications Volume recovery will not emerge in the first half of the year. Carriers need to begin phasing out services to...
Bulk carrier values climb as positive market sentiment returns 'Over the past couple of weeks, sentiment has turned positive in the paper market, which has been reflected in the...
The week in charts: Dark fleet moving sanctioned oil doubles | Cruiseship sector advancing decarbonisation strategy | Bulk exports from Russia remain elevated Rates and volumes have fallen back to earth a year on from the peak of the container cargo surge, Iran's...
NYK Line certifies first standards-compliant scrapping yard in Bangladesh Ship recycling yards certified by NYK include 30 in India, three in China and one in Türkiye
Container lines 'likely insulated' financially despite declining rates How well the container lines manage additional capacity and whether there will be changes in other carrier alliances will be...
Cosco unit expands PCTC orderbook with 7,000 ceu trio The number of electric vehicles exported from China continues to grow, but the sector is also facing big challenges, including...
Daily Briefing Dark fleet of tankers now comprises 10% of seaborne oil transport | Ingosstrakh confirms P&I cover for sanctioned Russian shipping...
FMC outlines $44 million budget request to enhance market oversight The Federal Maritime Commission is preparing to ask for another big increase in its budget as it looks to increase market surveillance and enforce OSRA-22.
'Precipitous' fall in ocean spot market near bottom: Zim CFO Restocking by US retailers will spur demand on the trans-Pacific and arrest the steep drop in freight rates in the second half of the year, according to Israel-based carrier Zim.
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US chassis market nearing 'equilibrium' after disruptive shortages Chassis providers believe the equipment shortages that bogged down inland supply chains in 2021 and 2022 will soon no longer be an issue for shippers, allowing the industry to return to a more typical supply/demand balance.
Ocean carriers on transnational regulatory defensive over antitrust immunity Stripped of antitrust protection that is under scrutiny on both sides of the Atlantic, as well as the legal certainty of being able to operate within alliances and perhaps even vessel-sharing agreements, ocean carriers could be all but forced to operate independently, writes Peter Tirschwell.
Intermodal share data point to opportunities: analyst It stands to reason that the more miles one spends on low-cost rail, the better the comparative economics versus truck should be, but that's not what happens in the real world, writes analyst Larry Gross.
'Window of opportunity': Green group urges action ahead of key IMO meeting Upcoming working group meeting is a 'pivotal moment' for aligning shipping emissions with Paris Agreement, Opportunity Green says
Russia offers 60-day extension to Black Sea grain deal, leading to questions in Kyiv Ukraine official says he is unclear whether the Black Sea Grain Initiative can only be extended 60 days after negotiations in Geneva
Freightos widens loss after listing on Nasdaq stock exchange Number of yearly transactions reached a record 668,000 deals for 2022
Vietnam tanker in sanctions probe returns to Russia port Elephant was detained in February after Spanish authorities investigated a ship-to-ship transfer linked to a former Russian-flagged tanker
Navios' South American tankers push up contract rates 36% this year Coastal clean vessels enjoying much higher earnings from strong demand, Greek owner says
Shipowners could be stuck in slow-steaming CII 'straitjacket' during market spikes, Clarksons says Research boss Stephen Gordon says there may be no scope for speed increases when vessel demand improves
Scorpio Tankers buys back six product carriers to cut debt by $150m Emanuele Lauro-led company continues to reduce finance costs by using purchase options
Minerva Marine says aframax escorted into port after propeller malfunction off Spain Three rescue vessels and tugs in attendance as Minerva Nounou suffers reduced propulsion capability
Gibson Shipbrokers tracks more than 140 product tankers shipping Russian oil And more vessels are signalling Russian destinations this week as the market undergoes a dramatic transformation
NYK makes history with sale of first vessel for green recycling at Chattogram Increasingly active scrap market also sees an LNG carrier, as well as a few tankers, bulk carriers and container ships sold
Minerva says aframax escorted into port after propeller malfunction off Spain Three rescue vessels and tugs in attendance as Minerva Nounou suffers reduced propulsion capability
Zim shareholders pocket $2.2bn but profits and revenues plummet Dividend payout of $769m in fourth quarter caps 'exceptional year'
Clarksons Securities ups bulker rate forecasts as China roars back Investment bank also believes stocks are undervalued as asset values rise
World Dream auction sets $330m benchmark price for modern ultra-large cruise ships Auction price for World Dream suggests prices for this asset class have plummeted
Withstanding Covid test: Shipping one of Singapore's response successes, says white paper City-state said in early days of the outbreak the industry provided the only way to import most food
Greek shipowners make a killing as they capitalise on open VLCC asset window Embiricos firm Aeolos Management is tied to yet another, highly lucrative tanker sale
Idan Ofer-linked Ace Tankers swoops for chemical fleet of Utkilen's Stream Tankers Dutch shipowner follows up last year's capture of six former Chemical Tankers Inc vessels from Hafnia
Two seafarers missing after cargo ship sinks off Vietnam Search continuing for remaining crew members of the Tuan Tu 09 near Phu Quy
Minerva says aframax needed tow after propeller malfunction off Spain Three rescue vessels and tugs in operation to bring the Minerva Nounou into Vigo
Podcast: Shipping's methanol first movers strive for a greener shade of the fuel Cargill, Waterfront Shipping and Vale discuss one of the fastest growing alternative fuels in maritime at the Green Seas Fuels Forum
Guangzhou Ocean Car Carrier jumps into red hot market with ship orders Joint-venture company has struck a newbuilding deal with Guangzhou Shipyard International for three LNG dual-fuelled ships
S&P Global snaps up vessel tracker as Russia drives tech market New York-based company buys Tradenet to boost visibility after sanctions shake-up
CoolCo shares set to start trading on NYSE this week LNG shipowner set to emerge as dual-listed entity within days as it eyes growth prospects
Two Russian yards eye 30-ship order to renew domestic bulk carrier fleet Krasnoye Sormovo and Okskaya Sudoverf are in line to build more river-sea vessels
Gibsons tracks more than 140 product tankers shipping Russian oil And more vessels are signalling Russian destinations this week as the market undergoes a dramatic transformation
NYK makes history with the sale of first vessel for green recycling at Chattogram Increasingly active scrap market also sees an LNG carrier, as well as a few tankers, bulkers and container ships sold
Minerva aframax tanker towed into Spanish port Three rescue vessels and tugs in operation to bring the Minerva Nounou into Vigo
Option advantage: 'We don't have to run round buying ships,' says Paolo d'Amico Italian shipowner can use bargain purchase clauses in leases to expand fleet while mulling sales of older tankers
RS Platou's founding family offloads $21m of Clarksons stock as Aegon moves in Heirs of Norwegian shipbroker's original owners sell off another chunk of UK group
Greece's Byzantine Maritime returns to handysize bulker sector after eight-year hiatus Shipping company orders handysize bulk carriers at New Dayang Shipbuilding in China
World Dream auction set $330m benchmark price for modern ultra-large cruise ships Auction price for World Dream suggests that prices for this asset class have plummeted
Shipping one of Singapore's Covid response successes, says white paper City state said in early days of the outbreak shipping provided the only way to import most food
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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