Enova provides funding for three ammonia-fueled short-sea bulkers The Norwegian government's Enova innovation agency is providing NOK 130 million (about $12 million) in funding to Skarv Shipping Solutions AS to acquire three cargo ships that will operate, emissions-free along the
Rick Iuliucci elected as new AWO chairman The members of the American Waterways Operators (AWO) elected a new slate of leaders this week during the association's Spring Convention and Annual Membership Meeting. Rick Iuliucci, vice president, The Vane Brothers
U.S. maritime borders remain firmly closed The termination of the Title 42 public health order does not alter U.S. maritime migration policies, and U.S. maritime borders remain closed. That was the message from the U.S. Coast Guard as
NASSCO wins LHD 8 contract worth a potential $75 million General Dynamics NASSCO, San Diego, Calif., has been awarded a $66,854,586 firm-fixed-price contract action for maintenance, modernization and repair of USS Makin Island (LHD 8) fiscal 2023 selected restricted availability. The contract
Ports of Klaipeda and Hamburg strengthen cooperation At the transport logistic trade fair in Munich, Algis Latakas, general director of the Klaipeda State Seaport Authority signed the declaration of accession to Hafen Hamburg Marketing e.V (HHM). Latakas commented that joining Hafen Hamburg Marketing e.V. is a continuation of the cooperation agreement signed between the ports of Klaipeda and Hamburg during the visit of the Minister of Transport and
Ernst Russ Group acquires feedermax boxship The Ernst Russ Group, an internationally operating ship owner and maritime investment manager based in Hamburg, recently bought a container ship with a capacity of 2,194 TEUs. The 2017-built vessel will sail under the name Frida Russ, was built in Guangzhou, China, and is still chartered out for a remaining period of up to 20 months with an option right for a further three months at market levels
Canadian ports team up on shipping decarbonisation In 2022, the ports of Montreal, Québec City, and Trois-Rivières agreed to collaborate on a variety of issues, including communication, innovation, the environment, maritime operations, and asset management. The Canadian ports are now joining forces to speed up the decarbonisation of marine transport along the St. Lawrence River corridor by announcing their combined participation in the Net-Zero C
New cranes to enhance APM Terminals Mumbai operations The Zhen Hua 15 vessel travelled 5,300 nautical miles over a period of 20 days, reaching APM Terminals Mumbai in India on 28 April. The vessel was carrying two ship-to-shore cranes and three rail-mounted gantry cranes. The new cranes, with a 23-row outreach, will help load and discharge larger vessels in a shorter time, thereby increasing operational efficiencies at the Indian terminal, according
Georgia Ports receives green light for new rail hub in Gainesville Georgia Ports Authority (GPA) executive director Griff Lynch confirmed that GPA's Network Georgia plans to develop rail hubs around the state is gaining momentum, with federal environmental approval for an inland terminal near Gainesville. GPA will now finalise a grant agreement with United States Maritime Administration (MARAD), an agency of the US Department of Transportation, before beginning
Partnership between ports of Rotterdam and Pecém to strengthen Brazilian-Dutch relations A new partnership was formed by 27 parties operating in the ports of Rotterdam and Pecém, which are located in the Netherlands and Brazil respectively. The aim of this agreement is to strengthen bilateral cooperation and knowledge and promote public and private initiatives between the two countries in port development, port logistics, hinterland connection and port-related energy projects, such a
First fully electric straddle carrier starts operations at Port of Antwerp MSC PSA European Terminal (MPET) launched a new fully electric straddle carrier (e-straddle carrier) at its terminal in the Port of Antwerp. That was part of the joint Green Straddle Carrier Program initiated by Antwerp Terminal Services (ATS), MPET and PSA Antwerp (PSAA). This is an important milestone for the Belgian port as the straddle carrier is the first-of-its-kind in mainland Europe. Kone
Noble scores $500m drillship contract with Petrobras New York and Copenhagen-listed offshore driller Noble has won a $500m contract from Brazil's Petrobras for the ultra-deepwater drillship . The 2013-built rig, formerly Pacific Khamsin, has been fixed for two-and-a-half years for drilling operations at the BM-S-11 and Tupi fields offshore Brazil starting in the fourth quarter of 2023. The unit is currently under ...
GasLog clinches long-term employment for LNG trio US-listed Greek liquefied natural gas (LNG) shipping player GasLog has secured multi-year employment for three of its ships. In its first-quarter results statement, the Peter Livanos-controlled company said it had chartered out the 2010-built 155,000 cu m GasLog Singapore to New Fortress Energy Transport Partners for two years and an option for additional 90 days. ...
Solstad lines up new CSV deal Norway's Solstad Offshore is lining up more work for its 2016-built construction support vessel, . The Oslo-listed OSV owner and operator has received a letter of intent from an unnamed subsea player to take the vessel on a contract for at least 490 days, starting in the first quarter of 2024. The Normand Maximus is ...
ADNOC Logistics & Services launches unmanned offshore supply vessel scheme ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has signed an agreement with French maritime automation and digitalisation specialist SeaOwl for the design of unmanned remotely operated vessels. The vessel, intended to carry vehicles, equipment and supplies to and from offshore sites, will be ...
Norwegians press ahead with pioneering ammonia-fuelled dry bulk project Skarv Shipping Solutions, a joint venture between Peak Group and Grieg looking to pioneer green short-sea dry bulk trades, has received NOK130m from the Norwegian government fund, Enova, to help it acquire three ships for use along the Norwegian coast. The 4,000 dwt vessels will potentially reduce emissions by up to 90% compared to traditional ...
Subsea 7 lands new contract worth more than $750m Subsea 7 has won a major contract for a two-phase subsea development worth more than $750m. The client and the project have not been disclosed, but the Oslo-listed company said its initial work scope will cover engineering, procurement, construction, and installation of around 37 km of infield flowlines, 47 km of control umbilicals and associated ...
Uncertainty still reigns as Greek ship lending portfolio shifts to UBS Switzerland's largest bank UBS told the market earlier this week about its way forward, including the appointment of a new finance head, Todd Tuckner, and the retention of Credit Suisse CEO Ulrich Koerner as part of a new leadership team after the takeover. Once the transaction is completed in the coming weeks, a new operating ...
Minna Kivimäki: What I would do as the next IMO secretary-general In less than 10 weeks shipping will find out who its next chief regulator will be with voting for the next secretary-general of the International Maritime Organization (IMO) scheduled for July 18, and the winner set to take the reins from incumbent Kitack Lim from January 1 next year. Seven people from four continents have ...
Seoul unveils new package of shipbuilding support measures The Korean government is readying another package of measures to support the nation's shipbuilding industry, one of the key pillars of the economy. Seoul has allocated KRW180bn ($135m) to help with shipbuilding R&D, as well as expanding refund guarantees and easing immigration rules to allow more foreign workers to come and help complete the busy ...
Don't feed the trolls Steven Jones, the founder of the Seafarers Happiness Index, with some useful advice on how to nurture ideas in your organisation. One of the best things about working in the maritime industry is the fact that it is so ripe for new ideas and thinking. The worst bit is the tendency for entrenched ideas to ...
'Zero evidence' to support US lawmakers' targeting of port cranes, says US port association A bipartisan bill introduced in the US House of Representative seeks to limit the use of foreign cranes because of...
Ship seized in Mariupol is being used in 'spoofed' international trade The bulk carrier began sending unusual AIS transmissions at the end of March 2022. A journey to the Gulf of...
Return of 'high-risk' mid-Atlantic ship-to-ship transfers of China-bound Russia oil Practice first seen during several months last May, amid concern that scant technical and operational oversight amplifies safety and environment...
Scorpio exercises options on five product tankers and repurchases more shares Emanuele Lauro-led tanker giant continues its debt reduction efforts, while also announcing a share repurchase of more than 2m of...
Cyber attacks: downside of the digital revolution Existing IMO guidelines are good. A robust internationally agreed legal cybersecurity framework with mandatory standards would be better, while marine...
The Lloyd's List Podcast: Why shipping is about to be a sanctions crackdown target A sanctions crackdown targeting shipping looms large in both the US and European Union this week as regulators prepare to...
HMM eyes Hyundai LNG Shipping acquisition as opposition to foreign buyers grows HMM says 'nothing has been decided yet specifically'. But at least financially it has the strength to pursue the deal...
Stena orders first methanol-capable ro-ro cargo ships Stena says it is working to develop an e-methanol supply chain for newbuildings that will operate in the Irish Sea between...
Container spot rates continue slide from recent highs Despite the downturn, most rates still remain higher than in 2019. And rises since the beginning of this year indicate...
Maersk's first methanol vessel to secure green fuel in early 2024 Maersk made a supply agreement with European Energy for up to 300,000 tonnes of green methanol from 2025/2026 as part...
Yang Ming approves newbuild order amid earnings slump Yang Ming saw net profits in January-March plunge to TW$3.4bn from the year-ago level of TW$60.6bn, blaming reduced demand from...
Grain deal talks end without clarity on initiative's continuation Registrations have stopped, inspections are down, and overall operations have slowed during the initiative's third term. Representatives from the United...
Toyota Tsusho launches Japan's first biofuel supply to ships The biodiesel-blended fuel complies with Japan's emissions cuts initiative in the shipping sector
CSSC Shipping in leaseback deal with Onorato for ropax duo Vessels are understood to be two ropax newbuildings ordered by the Onorato Group from Guangzhou Shipyard International in 2017. They...
Daily Briefing Freight rates need to rise by a third, Hapag-Lloyd says | Torm profits soar as high fleet utilisation boosts freight...
MISC vice-president appointed chief executive at subsidiary AET Malaysia's tanker specialist MISC has announced leadership changes at its petroleum shipping subsidiary AET. The company is prioritising leadership continuity...
GSL remains unfazed by container market uncertainty Agreement to acquire four ageing Maersk boxships hailed as example of GSL's deal-making abilities
CEVA Logistics shifts into vessel operations with ro-ro newbuildings Traditional 3PL provider CEVA plans to lease four new hybrid ro-ro vessels chartered by parent company CMA CGM.
NY-NJ port stakeholders improve trucker experience as downturn cuts work The influx of new drivers to the New York-New Jersey port helped it handle record volumes in 2022, but the downturn means less work and possibly more turnover.
Capacity oversupply keeps US truckload rates in decline Excess capacity is lingering in US freight markets because fewer carriers than expected have gone bankrupt so far this year, analysts say.
Yang Ming's Q1 revenue, profit plunge as global container market stalls The Taiwan-based carrier is the latest container shipping line to have its extreme profitability of recent years slashed by a slowdown in demand and excess capacity.
Asia-Med container volumes hit four-year high in March: CTS A surge in volume from Asia to the Mediterranean in March has carriers injecting capacity into the trade to capture growing demand from southern Europe.
Santos Brasil's profit falls by half as container terminals handle less volume First-quarter revenue for containers and general cargo business drops 9.3% from a year earlier
Aristidis Alafouzos sees tighter EU sanctions boost for 'white' tankers Adding teeth to Russian oil price cap raises environmental risks but rewards legitimate operators, argues Okeanis Eco Tankers CEO
Heroic Idun owner to pay Nigeria $15m to end nine-month detention Public apology to navy to secure release of VLCC
Aristidis Alafouzos sees tighter EU sanctions boost 'white' tankers Adding teeth to Russian oil price cap raises environmental risks but rewards legitimate operators, argues CEO of Okeanis Eco Tankers
Special report: Education and training in focus In our latest Business Focus, Holly Birkett pinpoints the skills gap that owners and operators must learn to bridge; Adam Corbett reports on unlikely partners uniting to upskill crew on future fuels; Jonathan Boonzaier and Ian Lewis ask managers how they are tackling the challenges posed by training the next generation of seafarers. Read the full stories below.
Carbon reduction looms large in Pangaea Logistics' strategy Fresh off securing younger and larger bulker, managers say 'there's a scramble for good ships out there'
Editor's Selection: Clarksons' pay problem, passing the buck on Pabo and Japan mourns titan's death TradeWinds brings you a snapshot of some of the biggest and best stories of the week
Euronav on Safer salvage operation: 'We were the only ones willing to do it' Hugo De Stoop surprised that no other owners were prepared to step in to avert FSO disaster in Yemen
Question time: Ship managers have their say over the great training debate Leading players set out how they are tackling the challenges posed by training the next generation of seafarers
Levelling up: Unlikely partners unite to upskill seafarers on green transition Just Transition partnership focuses on how to train seafarers to handle decarbonisation technology
Sexual harassment and bullying prevention high on the agenda in STCW review US leads a number of countries and associations calling for mandatory training for seafarers to prevent sexual harassment at sea
Three big conros to disappear from trading in sale to US military Eager buyer Liberty is losing out to MarAd as three commercially hot vessels go into military standby role
FLNG unit sale and FSRU charter turn a first quarter profit for Exmar Take private offer to shareholders on agenda for Tuesday's extraordinary general shareholders meeting next week
Belgian police arrest 30 linked to Antwerp drugs operations Spanish group had connections with corrupt employees involved in retrieving cocaine from shipments to the city's port
Navios Partners lays ground for $500m fundraiser as it sells LR1 tanker Greek owner files to sell shares and securities as another tanker offloaded
Opaque project in line to drive $750m into Subsea 7 coffers Norwegian company's contract backlog jumps over $10bn with low-profile project set to start in 2025
Six Turkish ships trapped in Ukraine to return home, minister says Turkish defence minister also makes upbeat tones about a renewal of the Black Sea Grain Initiative beyond 18 May
Quick decisions: Fredriksen and Saverys 'entrepreneurs at heart', De Stoop says Euronav boss believes company will be backed by big shareholders if it has to move quickly on new opportunities
GasLog locks in term charter deals on three LNG carriers Greek owner ties up fresh deal with New Fortress Energy and two charter extensions for long-term customer Shell
Euronav court victory could propel Unicredit and others out of trade finance business Italian bank had feared loss of legal protection before verdict in tanker fraud case
Bright dawn beckons for shipyards as they enter a brave green world Newbuilding deliveries are tipped to rise in coming years and shipbuilders are positioning themselves to reap the rewards
Insurer Skuld in profit after P&I underwriting result improves Premium income also increased, reflecting growth and higher rates
Low fleet growth 'virtually ensured': Teekay Tankers' Mackay unworried about tanker orders Chief executive of midsize tanker giant says newbuilding uptick will not make a dent in 'excellent' supply picture
Volatile tanker rates set to continue in 2023, says Torm CEO Jacob Meldgaard Torm boss says a range of factors are behind widely-swinging rates from longer voyages to changes in refinery capacity
Shiling adrift off New Zealand again a month after first losing power Troublesome container ship relying on tugs once more in rough seas
Okeanis Eco Tankers boosts dividend on soaring first-quarter profit Alafouzos family company benefits big from putting most of its VLCCs in the spot market
Shipowners and operators will need to step in to fulfil their own training needs More complex technology and the changing role of seafarers will mean shipping companies will need to step in to plug skills gaps
Scorpio buys back another five MR tankers to cut debt by $119m US-listed owner continues repurchase spree, while also scooping up more of its own shares
If you want to build safer ships - ask a seafarer, says InterManager Head of crew and ship management association warns industry not to skimp on training for seafarers crewing new generation of ships
Clarksons pay rebellion swells again as 44% of shareholders vote against Revolt against remuneration package for top execs also hits approval for directors
Podcast: Why Australia is making such a stink about stink bugs on ships Green Seas audio edition explores why biosecurity measures in Australia are gumming up imports of cars
Japanese shipping legend Masashi Taga of Santoku Senpaku dies age 80 Son-in-law Junichi Taga will take over as president of Japanese shipping giant
Stalled Wan Hai ship breaking job returns to life after three months Dutch cash buyer Elegant Exit points to bureaucracy and contract terms after waiting three months to start a demolition job at Bahrain's ASRY
Kamco linked to sale of VLCC for 77% of newbuilding cost back in 2003 Latest deal for ageing tanker shows elevated asset values remain in place
Former Shell executive Zahid Osman takes over at VLCC owner AET Change of leadership made to ensure continuity at MISC subsidiary
Nippon Express buys European logistics firm Cargo-Partner Nippon Express has signed a deal with Austria's Cargo-Partner that expands its geographic reach and logistics service capabilities.
DHL Global Forwarding opens pharma logistics hub in Indianapolis DHL Global Forwarding will offer its first temperature-controlled service between Indianapolis and Europe.
Air Canada's cargo sales sink 40% in first quarter All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
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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