Philly Shipyard wins contract for hospital ship replacement study Philly Shipyard Inc. reports that it has been awarded a contract by Gibbs & Cox to conduct the T-AH(X) Hospital Ship Feasibility Study. The six-month hospital ship replacement study will cover a
Milestone: MAN B&W research engine completes successful ammonia test run With the race on to develop engines able to burn the next generation of future fuels, MAN Energy Solutions has announced the successful first running of a test engine on ammonia at
NASSCO delivers the future USNS Harvey Milk GD NASSCO delivered the future USNS Harvey Milk (T-AO 206), the second ship in the Navy's 20-ship John Lewis-class fleet oiler program, during a July 11 ceremony at its San Diego shipyard.
VIDEO: AWO spreads the word on waterways sustainability The American Waterways Operators (AWO) continues to take the industry's message on waterways sustainability where it needs to be heard. When it comes to environmental sustainability, says AWO, "we have a powerful
PSA leads financing round of Bangladeshi truck booking platform Truck Lagbe, a truck booking logistics platform in Bangladesh, has announced the completion of its Series A+ financing round. PSA International, a worldwide port operator and supply chain provider, led the financing, with Startup Bangladesh Limited and IDLC Venture Capital Fund I, also participating. This funding will enable Truck Lagbe to continue expanding its platform and increasing its reach,
ReCAAP ISC and Royal Thai Navy to strengthen regional cooperation The Royal Thai Navy, which is ReCAAP Focal Point for Thailand, and the ReCAAP Information Sharing Centre (ISC) completed a three-day cluster meeting in Bangkok, Thailand. The participants discussed ways to strengthen regional cooperation and information sharing to combat Piracy and Armed Robbery Against Ships in Southeast Asia. According to ReCAAP, the Thai authorities shared how they are steppin
Asia-US container exports continue to decline Container exports from ten major Asian economies to the United States reached 1,473,191 TEUs in June (based on volumes at ports of loading), according to Descartes Datamyne statistics compiled from Automated Commercial Environment (ACE) and bill-of-lading (B/L) data provided by the United States Customs and Border Protection (CBP). They fell 13% from a year ago, continuing an 11-month decreasing
NYK JV trials electronic vehicle truck transportation in China NYK Zhenhua Logistics (Tianjin) Co. Ltd. (NYK Zhenhua), an NYK joint venture (JV), will launch a demonstration test to examine potential issues involving a large EV (electronic vehicle) truck in July. This test will be performed jointly with Mitsui Sumitomo Insurance (China) Ltd. (MSIC) and Panasonic Navinfo Mobility Technology Service (Beijing) Co. Ltd. (Panasonic Navinfo). EVs have become more
Bunker indices show upward trend The Marine Bunker Exchange (MABUX) global bunker indices are still on an upward trend as of the current week. The 380 HSFO index increased by US$10.4. In turn, the VLSFO index rose by US$3.4 and the MGO index gainded US$17.7. "At the time of writing, the market was still on an uptrend," stated a MABUX representative. The Global Scrubber Spread (SS) - the price difference between 380 HSFO and VLSF
Shippers see worse reliability, Sea-Intelligence reports Sea-Intelligence reported that global schedule reliability increased to 67% in May 2023, which albeit low, is considered "normal performance". Even though most shippers are exposed to only a subset of the trade lanes covered, and hence from their perspective it is the trade level detail that is relevant, the global figure serves the purpose of conveying a sense of the larger picture. "To better r
Shipping emissions up to three year high in Europe According to a recent Transport & Environment (T&E) report, European shipping emissions increased by 3% last year, bringing the industry closer to pre-pandemic levels. Cruise ship emissions were well up on the year before while a high number of vessels transporting LNG contributed to driving up emissions. "The industry is moving closer to the point of no return," pointed out T&E. Jacob Armstrong,
Evergreen Marine chairman Chang: No thrid-quarter peak this year Evergreen Marine Corp. chairman Chang Yen-i said that the third-quarter peak is unlikely to materialise this year, and the industry can only look to a rebound in the fourth quarter. Chang was speaking at an event held by the National Association of Chinese Shipowners (NACS) just as Evergreen sealed a US$4.32 billion order for 24 16,000 TEU methanol dual-fuelled ships, 16 at Samsung Heavy Industri
ZIM forecasts full-year losss in updated outlook Israeli ocean carrier ZIM Integrated Shipping Services updated its guidance for the full year of 2023 and now expects to generate adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$1.2 - US$1.6 billion and adjusted EBIT loss of US$500 - US$100 million. According to ZIM's prior guidance, the company's adjusted EBITDA was expected between US$1.8 billion and US$2.
Hapag-Lloyd increases rates from Pakistan, India, and Bangladesh to North and South Europe Hapag Lloyd has announced changes in its tariff rates from Pakistan, India and Bangladesh to North and South Europe. The updated rates will apply to 20' and 40' dry containers, including high cube equipment, and will be effective from 6 August 2023 until further notice. 20' dry containers From To Current base rate New base rate Delta Karachi, PK North Europe US$405 US$805 US$400 Nhava Sheva, IN N
LA port sees improved container figures in June, but H1 volumes remain low The Port of Los Angeles moved 833,035 TEUs in June, representing its best performance since last July and a 5% decrease compared with the same month last year. In the previous month, loaded imports reached 435,307 TEUs, down 2% from June 2022. On the other hand, loaded exports increased by 15%, reaching 108,050 TEUs. At the same time, empty boxes landed at 289,679 TEUs, translating to a 14% year-
ZHD Stevedores orders Liebherr's first all-electric crane ZHD Stevedores has confirmed the order of Liebherr's first all-electric crane, which was recently launched and has a hook lifting capacity of up to 105 tonnes and a maximum grab capability of up to 90 tonnes. The crane will be utilised for bulk handling in the Rotterdam region, as well as at ZHD terminals in Dordrecht and Moerdijk in the Netherlands. Liebherr said that new features were added to
OOCL commences new service in Europe - East Coast South America network COSCO-owned ocean carrier Orient Overseas Container Line (OOCL) announced a new service connecting Europe with East Coast South America. OOCL expects to launch its new product in September aiming to enhance its network coverage in Latin America. The new Europe East Coast South America Express (EEX) will provide direct connections between Europe and Brazil. "With an attractive transit time of only
Call for expression of interest for electric harbour craft in Singapore The Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EOI) on 10 July 2023 to invite interested parties to submit proposals to design and promote adoption of full-electric harbour craft (e-HC) in Singapore. MPA aims to support harbour craft companies by providing e-HC engineering reference designs and safety standards to adopt, as well as helping the companies acces
President of Oakland Port Commissioners Board begins second term Barbara Leslie was reelected as president of the Oakland Board of Port Commissioners for a second term. As first vice president, Yui Hay Lee will begin his second term. Andreas Cluver will take over as second vice president replacing outgoing commissioner Cestra "Ces" Butner. Leslie was appointed to the Oakland Board of Port Commissioners in 2018. She served as first vice president from 2020 to 2
Operators 'wait and see' as floater reactivation economics passes the tipping point Strategies of market leaders with cold-stacked tonnage could signal the recovery of the deepwater drilling sector, says MSI The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by Maritime Strategies International. In its Q2 MODU Report, ...
Wood offshore workers end dispute with salary reinstatement deal reached UK offshore workers employed on TAQA platforms have decided to end their industrial action after reaching a deal with Wood which reinstates a 10% cut made to their salaries in 2015. A new offer has been accepted by 86% of the country's largest offshore trade union members, Unite. Around 120 Unite members had taken four ...
Shell and Eneco venture contracts Rosetti Marino for hydrogen production and storage platform off the Dutch coast Italian fabricator and shipyard Rosetti Marino has won a contract from Dutch offshore wind farm developer CrossWind, a joint venture between Shell and Eneco, to build a green hydrogen production and storage plant within Hollandse Kust Noord offshore wind farm located some 18 km off the Dutch coast. The contract covers engineering, procurement, construction, installation ...
Diana Shipping fixes out bulker to Cobelfret Greek bulker owner Diana Shipping has entered a time charter contract with Cobelfret for the kamsarmax dry bulk vessel. Diana Shipping said that the charter of the 2013-built 82,131 dwt dry bulk vessel was expected to begin on July 15, 2023. The gross charter rate is $12,650 per day, minus a 5% commission paid to ...
Dynagas LNG Partners agrees charter for LNG carrier duo New York-listed Dynagas LNG Partners has entered into time charter party agreements for two LNG carriers with Rio Grande LNG. The Tony Lauritzen-led LNG carrier owner said that the two charters added approximately $270m to its existing backlog. The first deal is for the 2007-built LNG carrier Clean Energy. It was given a time charter ...
Svitzer inks 15-year Alexandroupolis LNG terminal towage deal Towage provider Svitzer has signed a long-term agreement with Gastrade for terminal towage services to their new LNG terminal in Alexandroupolis, the first offshore LNG terminal in Greece. The agreement between Gastrade and Svitzer will last for 15 years and will be Svitzer's first entry into the Greek market. The towage firm will service Gastrade's ...
Livanos wraps up GasLog Partners buyout Peter Livanos-controlled GasLog has completed a merger with its affiliate, GasLog Partners. The deal saw GasLog take the owner of 11 LNG ships private by acquiring shares it does not currently own for $8.65 per share, including a special dividend of $3.28 per share. Trading in GasLog Partners's common stock on the New York Stock ...
Gram Car Carriers swoops on managed vessel Norwegian tonnage provider Gram Car Carriers (GCC) has boosted its ownership interest in one of its managed ships. The Oslo-listed firm has bought a 20% stake in Gram Car, a single purpose company owning the 2010-built 5,000 ceu . Prior to this transaction, GCC held 1% of the shares outstanding. The deal is worth $4.75m ...
The rise and fall of the biggest names associated with the dark fleet In the game of tanker whack-a-mole, as port states attempt to crack down on companies hauling Russian oil, some previously fast-growing names are returning to the shadows while others hoover up tonnage to fill the gap. Mumbai-based Gatik Ship Management, one of the most high-profile companies to be linked to Russian oil shipments in the ...
Huaxia Financial Leasing boosts orderbook with kamsarmax pair at Chengxi Shipyard Chinese leasing newcomer Huaxia Financial Leasing has returned to Chengxi Shipyard for a pair of its first kamsarmax bulk carrier newbuilds. The financial terms of the deal for the 82,600 dwt duo were not disclosed, but similar newbuild tonnage has been priced at about $35m. The Beijing-based leasing company, which entered the shipping market at ...
Open source maritime cyber hacking database launches NHL Stenden University of Applied Sciences in the Netherlands has launched an open source database that exposes cyber hacking in the worldwide maritime industry Researchers led by Dr Stephen McCombie, professor of maritime IT security, today debuted the Maritime Cyber Attack Database (MCAD), which contains over 160 incidents, including the location spoofing of NATO ships ...
Arkona Allied Container behind significant feeder newbuilds in China Five owners have teamed together with Hamburg-based project manager Arkona Allied Container (AAC) to order 11 methanol-ready 1,074 teu containerships in China, with the newbuilds set to enter a commercial pool when they deliver. Reederei Jungerhans, Wessels Reederei and Reederei HP Wegener each ordered signed vessels at Jiangsu Dajin, while at Qingdao Yangfang Shipbuilding Douwe ...
PSA shelves Hutchison stake sale The global economy might have passed its peak ports moment. Bloomberg is reporting Singaporean terminal operator PSA International has ditched plans to sell its 20% stake in Hutchison Ports with limited interest unwilling to fork out the $4bn PSA was after. PSA bought the stake in 2006 for $4.4bn. PSA has declined to comment on the ...
Hornbeck turning OSV into SOV to support US offshore wind market Hornbeck Offshore has contracted Eastern Shipbuilding Group to convert one of its OSVs into a service operation vessel (SOV) to serve the US offshore wind market as well as the petro-energy flotel market. The conversion of the recently acquired 280-foot OSV into an SOV capable of supporting both construction and operation and maintenance activities will ...
Singapore's transport minister faces corruption investigation Singapore's transport minister, S Iswaran, is facing a corruption investigation and has been temporarily replaced by senior minister of state Chee Hong Tat. Iswaran is currently assisting the Corrupt Practices Investigation Bureau (CPIB) with the investigation. "Singapore adopts a strict zero-tolerance approach towards corruption. CPIB investigates all cases without fear or favour and will not ...
Portugal and Brazil ink green shipping corridor agreement Planned green, digital shipping corridors now crisscross the world's oceans. The latest heads across the Atlantic, connecting Portuguese-speaking nations. Portugal's Sines port and Companhia Siderúrgica Nacional of Brazil have just signed a memorandum of understanding to develop sustainable, green and digital shipping corridors with a strong focus on green hydrogen supplies. The MoU was signed ...
Petrobras taps Weatherford for intervention services in Brazil NYSE-listed oilfield services provider Weatherford International has been awarded a five-year contract to provide intervention services for oil and gas giant Petrobras in Brazil. Weatherford has performed subsea intervention and commissioning services in Brazil in close cooperation with Petrobras for more than 20 years. The company will build on this with the provision of the ...
Forwarders welcome EU green transport package Freight forwarder association broadly supports commission initiatives on greener hinterland transport. But rail services need further work to promote uptake
Strike in Canada's west coast ports ends as union and employers reach tentative agreement ILWU Canada and the BCMEA have reached a tentative agreement on a new four-year deal, bringing an end to the...
Salvors report further slump in revenues ISU member companies had a poor year in 2022. Both the number of cases and earnings from that work fell...
Guards still needed in some areas, experts warn Lloyd's List Intelligence data records extent of attacks on shipping in year to date
Damaged CldN ro-ro arrives at A&P Falmouth ship repair berth CLdN's ro-ro cargo vessel Mazarine, which received damage to its hull after running on to rocks off Cornwall on Monday...
Iran's oil exports have hit a five-year high point Iran's oil exports remained robust throughout the first half of the year, averaging 1.3m barrels per day, data from US...
The next IMO secretary-general: Zhang Xiaojie China's candidate Zhang Xiaojie tells Lloyd's List he thinks his chances are 'pretty good' at securing enough votes when the...
MAN confirms breakthrough in testing of ammonia-fuel two-stroke engine MAN Energy Solutions predicts that around 27% of fuel used on large merchant ships will be ammonia by 2050
Sanctions test looms for shipowners as Urals crude price exceeds G7 cap Risk and compliance concerns amplify for Russia's Baltic and Black Sea oil trades as the price of crude surpasses the...
Recessionary sentiment drags on PSA's Hutchison Ports stake sale Trade spats, high inflation, a looming global recession, and growing geopolitical conflicts are said to be dampening the outlook, making...
EU shipping emissions reached three-year high in 2022 Liner giants MSC, CMA CGM and Maersk were the top three emitters last year, according to analysis by environmental group...
Russia wheat exports reach record while Ukraine dwindles As the 2022-23 trading year ends, Russia has solidified its standing as the world's top wheat exporter, reaching a record...
The next IMO secretary-general: Nancy Karigithu Kenya's candidate Nancy Karigithu tells Lloyd's List how she fell in love with the sea as a small girl living...
Boxship charter rates head downwards as demand softens Container line operators appear to have become more cautious in arranging the fixture of chartered containerships due to an uncertain...
UN secretary-general contacts Russian President days before grain deal expiration Moscow representatives say the deal will come to an end at this renewal round, but no formal withdrawal has been...
Nanjing Tanker cashes in on tanker freight rates, with profits close to doubling in first half Nanjing Tanker profits surge nearly 300% in the first half of the year as tankers ride an opportunistic wave of...
Singapore transport minister involved in anti-corruption probe The investigation originated from an unrelated probe on a separate matter
Daily Briefing Erratic actions of Suez Canal pilots cited as major contribution to Ever Given grounding | Prokopiou inks orders for VLCCs...
Chinese builders seal more bulker newbuilds amid strong market momentum Deals indicate an extension of the remarkable performance shown by shipyards in China during the first half of the year
Los Angeles posts strong June volumes The port of Los Angeles had its strongest month since July of the past year, with imports down only 2.1%...
Western Canada port strike ends after deal reached on tentative four-year contract The end of the strike comes less than two days after Canada's Minister of Labour ordered the federal mediator overseeing negotiations between the union and employers to provide recommendations for a settlement.
Chassis repairs causing short-term shortages in Chicago Truckers are having difficulty locating available chassis in Chicago because many units have been taken off the street to be serviced after heavy usage over the last two years.
Zim expects EBIT loss up to $500 million in revised 2023 guidance, citing soft rates The carrier's CEO said the company would continue to "actively manage and rationalize" its fleet and services during the current downturn in the global shipping market.
Fewer empty imports reconfigure Indian containerized trade patterns The new trade pattern reflects in large part a sharp drop in empty equipment imports amid weakening demand conditions, rather than sustained export trade, industry observers say.
DHL to invest $551 million to expand presence in Latin America DHL will spend hundreds of millions of dollars in the region over the next five years as the company targets customers looking to globalize their business and diversify sourcing.
Canada dockers end strike after reaching tentative labour deal with employers Canadian Labour Congress strongly opposes government involvement in negotiations
Diana kamsarmax bulker scores 15-month charter as period rates sink lowest level since 2021 It has been three weeks since a bulker snared a charter that is longer than a year, according to market data
Saverys sticks to Exmar take-private offer after missing acceptance threshold Nearly half of Exmar minority shareholders hold out against $411m Saverys offer
Dynagas LNG Partners wins deals at new US liquefaction project As European dependency on US natural gas grows, NextDecade's Rio Grande project starts showering business on LNG carrier owners
Tor Olav Troim's 2020 Bulkers and Himalaya see rates slip but stay ahead of Baltic Exchange Oslo-listed newcastlemax vehicles follow earnings trend downwards, but still offer 'strong' returns, analysts say
'Ghost ship' that fled oil transfer is linked to sanctioned trading TankerTrackers.com identifies the tanker using the name of a VLCC scrapped five years ago
North Star hires Amplemann executive for European wind shipping push Scottish owner creates new role for Caspar Blum in Hamburg
'This is about cleaning up shipping': Green Marine gets real on methanol fuelling Platform has built a one-stop shop for operating methanol-fuelled vessels and has plans to invest in ships themselves
Pelagic Partners fixes out former Hafnia tanker to International Seaways Cypriot shipowner secures two-year deal for LR1, while Seaways charters out one of its own aframaxes
Briese and Nordic Hamburg linked to $232m-worth of MPP orders Sources say project and heavylift vessels will be built in China
Streetwise: Michael Webber has his ESG scissors out and they're going to clip Eagle Bulk's wings International Seaways also could see a further drop in annual governance 'scorecard' as analyst punishes defensive measures
Mitsubishi and Imabari deepen cooperation on LNG dual-fuel orders Mitsubishi Shipbuilding will provide fuel supply systems for car carrier and bulker order
Iranian oil exports hit five-year highs amid talk of sanctions deal, says IEA Country could record some of the highest crude production growth levels of any nation in 2023
Iranian oil exports hit 5-year highs amid talk of sanctions deal, says IEA Agency says the country is on course to record some of the highest levels of crude production growth of any nation in 2023
Prateek Gupta accuses Trafigura staff of cooking up $590m nickel fraud Court filings present Indian businessman's defence for first time in curious case of missing metal shipments
Gram pumps more cash into NRP car carrier at 'attractive' price Norwegian company says deal will boost dividends
Emissions fall on most major box routes, but have lines got lucky? Expert argues improvement is down to slower speeds rather than permanent reduction measures
First Citizens' CIT strikes $30m MR tanker refinancing deal with MSea Capital US lender says it will help Cyprus-based owner expand its fleet
Russia's Urals crude breaches price cap for first time, creating headache for Western shipping interests G7 and European shipping services go on alert after oil price rises
Chengxi Shipyard bags bulk carrier newbuilding order from Huaxia Financial Leasing Chinese leasing company expands orderbook with two kamsarmaxes
Revived Greek shipyard puts panamax dock in operation Elefsis is the second Greek shipyard to stage a turnaround under the management of Greek-US Onex group
Panama probe reveals what went wrong in Ever Given Suez Canal grounding Investigator recommendations determine that bridge teams should not be 'overconfident' in assessing a pilot's abilities
Fred Olsen's Bonheur close to selling out wind vessel capacity to 2026 Norwegian group's offshore ships in demand and cruise operation returns to profit
First Citizens' CIT strikes $30m MR tanker refinancing deal with MSea US lender says it will help Cyprus-based owner expand its fleet
Briese and Nordic Hamburg linked to $232m worth of multipurpose orders Sources say orders for eight F-500-type project and heavy lift vessels to be built at China's Huanghai Shipbuilding
Singapore transport minister faces anti-graft probe Senior minister of state Chee Hong Tat will be acting minister for transport while inquiry is carried out
It's over: Labor deal ends strike at Vancouver, Prince Rupert ports The extended strike in western Canada was beginning to affect U.S. supply chains. Its resolution limits the fallout.
Delta Air Lines' cargo revenue falls $100M in past year Delta Air Lines delivered sharply lower cargo revenue in the second quarter, reflecting the prolonged downturn in shipping demand that has engulfed all air logistics providers, even as overall revenue [...]
Carload traffic grows at ports of Vancouver, Prince Rupert Although international intermodal traffic has come to a halt at the Canadian West Coast ports since the start of the work stoppage on July 1, carload volumes for commodities such as coal and grain have grown, according to supply chain data visibility firm RailState.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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