Solstad PSV saves 29% fuel on a long transit Norway's Solstad Offshore reports that its PSV Normand Leader and its captain, Arnt Olav Skarstein, have received an award from VPS Decarbonization for their impressive fuel savings during a transit from Australia.
BOEM moves to update offshore wind development regs The Department of the Interior today announced that the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule to update regulations for offshore wind development on the U.S. Outer Continental
Chantiers de l'Atlantique set to build world's largest sailing vessels French hospitality giant Accor S.A. has signed a letter of intent with Chantiers de l'Atlantique covering the construction of two very large luxury sailing cruise yachts. The shipbuilder says "the order will
Port of South Louisiana to acquire Avondale Global Gateway Port of South Louisiana has entered into a purchase and sale agreement with ship agency, stevedoring and terminal operations company T. Parker Host in order to buy Avondale Global Gateway. T. Parker Host has transformed Avondale Global Gateway, which was a former shipyard, into a center of multimodal commerce and combines river, road, and rail connections with ample storage and laydown space loca
Around 1,000 vessels affected by cyber-attack on DNV's software Norway-headquartered DNV has confirmed that its ShipManager software was the target of a ransomware cyber-attack on 7 January, admitting that there are 70 customers and around 1,000 vessels affected in total. In reaction to the issue, DNV specialists have shut down ShipManager's Information Technology (IT) servers. The company said that all users can continue to use the ShipManager software's onb
SCFI crumbles to 30-month low, nears pre-pandemic levels The Shanghai Containerized Freight Index (SCFI) took a 2% tumble to settle at US$1,031.42, its lowest-ever quote since July 2020, settling just a tad higher than the three-year historical low of US$1,022 recorded in January 2020. While there is a talk of normalisation on the cards, with rates nearing the pre-pandemic levels, the advent of the Chinese New Year will most likely see the index hittin
Piraeus Port Authority completes upgrade works at ship repair zone Piraeus Port Authority (PPA) has announced the completion of large-scale infrastructure upgrade works at the eastern side of Pier II at the Perama Ship Repair Zone in Greece. The works are part of the second phase of a broader infrastructure improvement project in the Perama ship repair zone involving among others a complete platform replacement. In particular, the first ship to berth at the new
Kuenz, ABB to enhance Gdansk new box terminal with automated crane equipment Kuenz, an Austrian crane manufacturer, has acquired a large order for 20 automated side-loading stacking cranes for the new Baltic Hub T3 terminal, which is presently under development. The order was signed in September 2022, and the initiative is expected to extend and expand Kuenz and PSA's long-standing collaboration. The new automatic stacking cranes will have a span of 32 metres, two 8.5 met
Yilport debuts in Africa by taking over operations of Ghana's port Yilport Holding, a global port and terminal operator, announced the signing of a Memorandum of Understanding to operate the Takoradi Port in Ghana, starting from April 2023. The agreement was signed by Yilport Holding's chairman & CEO Robert Yuksel Yildirim, chairman of Takoradi Port's operating company Ibis Tek, Kwame Gyan and director of Ibis Tek, Nana Yaw Boahene during a ceremony on 11 Januar
Nidec ASI to run US$2.7 million sustainability project at French port Nidec ASI which is part of the Energy & Infrastructure Division of the Nidec Group, won the tender for implementing a 'shore-to-ship' project for the Port of Sète in the south of France. Nidec ASI has signed a contract worth US$2.7 million with Port Sud de France in order to set up innovative electrical power systems that will allow ships moored in the port to draw the energy required to be fully
Port of Singapore surpasses 37 million TEUs in second busiest year in history Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record volumes in the previous year. Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history. At the same time, the port handled 577.7 million tonnes of cargo in 2022, while vessel
Fiscal issues in Pakistan see Euroseas ship diverted to India for break-up India is becoming the destination of choice for demolitions on the Indian sub-continent, after a lack of US dollars in Pakistan and Bangladesh has made banks there unwilling to offer letters of credit to scrapyards. Due to this, Euroseas' 2001-built 5,610 TEU Akinada Bridge, which was initially sold for demolition in Gadani, Pakistan, has been diverted to Alang, India. Global Marketing Systems (G
Maersk supports German climate start-up to accelerate shipping decarbonisation C1, a climate tech start-up, has raised growth capital from Maersk Growth, the venture capital arm of A.P. Moller - Maersk, in order to accelerate the scaling of their ultra-efficient catalysis, which will enable mass production of green methanol without the usual premium paid for sustainably produced methanol. According to a statement by C1, besides the ability to function as a carbon-based feed
Thessaloniki Port appoints new board member Thessaloniki Port Authority (ThPA) has announced that Panagiotis Stampoulidis, executive director and executive member of the board of directors of the Hellenic Republic Asset Development Fund (HRADF), will assume the role of a non-executive member of the Greek port's board. Stampoulidis is a seasoned and experienced executive who has held management roles in commercial and public sector firms an
Port of Oakland makes progress with utility green power portfolio The Port of Oakland Utility serving customers at the seaport and airport has announced that 66.9% of its power needs are fulfilled from carbon-free energy sources, translating to nearly double the state average. Specifically, the Port Utility, as reported in the Port Authority's 2021 Green Energy Portfolio, supplied 49.9% of its energy from eligible renewable sources, well above the state average
Allcargo Logistics completes 75% stake acquisition in German logisitcs firm Allcargo Logistics, an Indian logistics solutions provider and the parent company of ECU Worldwide, has completed the acquisition of a 75% stake in the German logistics firm Fair Trade GmbH. Therefore, Allcargo Logistics will be the majority shareholder, while the previous owner will retain the remaining 25% stake. Allcargo Logistics made the acquisition move through its subsidiary Allcargo Belgi
CMA CGM boxship runs aground in Dutch waters According to Maritime Bulletin, the 5,000 TEU container ship CMA CGM Barracuda ran aground in the Netherlands on 13 January. The 2007-built vessel was sailing from the port of Antwerp in Belgium to the port of Hamburg in Germany when at around 01:00 (local time) it ran aground in front of Kruiningen on Western Scheldt. According to the report, several tugs reached the boxship of the French ocean
CFL confirms stake acquisition in Luxport Group Luxemburg-based multimodal logistics group CFL has acquired a stake in its compatriot logistics provider Luxport Group. With this acquisition, the CFL Group aims to strengthen its freight activities which already include rail and logistics activities and now wants to diversify through complementary infrastructures and activities, such as river transport or bulk product logistics. The two parties
Up to 1,000 ships affected by DNV ransomware attack DNV confirmed that around 1,000 vessels have been affected by a recent cybersecurity incident on its ShipManager software which proved to be a result of a ransomware attack. The Norway-based class society said in a statement that the shutdown of ShipManager servers was affecting a total of 70 clients. DNV did not disclose any further ...
Norwegian green ammonia floater makes headway with India's L&T onboard Norwegian developer H2Carrier, has brought Indian engineering conglomerate Larsen & Toubro (L&T) onboard its green ammonia floating production vessel project. A memorandum of understanding signed by the two parties aims to develop floating green ammonia projects for industrial-scale applications, with L&T becoming a partner for topsides process plant EPCIC. H2Carrier has designed the floater base
Valaris lines up more work for multiple rigs Valaris has revealed multiple new contracts and extensions for its drilling fleet. The rig operator has seen its drillship Valaris DS-15 extended by TotalEnergies in Brazil through December 2023, with one 100-day priced option remaining under contract. In the UK North Sea, Harbour Energy exercised two one-year options on the jackup Valaris 120, with the ...
Helix charters in Glomar OSV Helix Energy Solutions' marine contracting business unit Helix Robotics Solutions has signed a three-year charter agreement with Dutch offshore support vessel operator Glomar Offshore for the 2014-built. The charter, which comes with two years of options attached will see the Panama-flagged OSV operate across offshore renewables and oil & gas sectors, providing site clearance ...
World Marine Offshore crashes into bankruptcy Financially troubled Danish crew transfer vessel operator World Marine Offshore (WMO) has been declared bankrupt. According to the State Gazette, a court in Esbjerg took the company under bankruptcy proceedings earlier this week following a petition on January 6. John Sommer Schmidt of the law firm Gorrissen Federspiel, who is the trustee of the estate, ...
US operator Laborde Marine adds to its OSV fleet New Orleans-headquartered Laborde Marine has expanded its fleet with two deepwater offshore supply vessels (OSVs) acquired from L&M Botruc Rental. The OSVs named Shelley Lab and Gibson Lab will support deepwater activities in the Gulf of Mexico. One of the vessels is currently operating under contract while the other is completing routine shipyard inspections and ...
Allseas picks up work on Vattenfall's UK wind farm Allseas has won transport and installation work in the offshore wind sector for Vattenfall's Norfolk Boreas project off the coast of Norfolk, UK. The Swiss-based marine construction specialist has been contracted by Siemens Energy to set up the project's converter station. The German firm and Norway's Aker Solutions are in charge of the wind farm's ...
Nan Fung Shipping exits VLCC trades Hong Kong's Nan Fung Shipping, a privately owned conglomerate with four decades in shipping, has exited the VLCC trades, selling the 17-year-old 281,000 dwt. The ship has been with Nan Fung since 2006. Splash understand that the Ishikawajima Harima Heavy Industries-built tanker has been sold to Hsejar Maritime, an Indian company known as a ...
Short circuit sparks Indonesian vessel blaze A short circuit in the engine room of the Fortuner general cargo ship sparked a fire yesterday afternoon in Indonesian waters, a blaze that quickly spread to the vessel's accommodation block. All crew were evacuated safely from the ship which was moored at an anchorage at the port of Gresik. The fire was eventually put ...
Stolthaven Terminals opens in Kaohsiung The joint venture between Stolthaven Terminals and Revivegen Environmental Technology was made official yesterday at a ceremony with Taiwan Cooperative Bank in Kaohsiung. Stolthaven Revivegen Kaohsiung Terminal (SHRVK) is a new greenfield terminal in Kaohsiung Port with integrated storage, drumming, warehousing, and distribution solutions for chemical and bulk specialty liquid customers. The term
Independent FFA Association launches The Baltic Exchange has a rival when it comes to forward freight agreements (FFAs). Spearheaded by John Banaszkiewicz, the Independent FFA Association (IFFAA) has just been formed to coordinate and promote the interests of individuals and companies active in FFAs and related freight derivative products. Banaszkiewicz is the head of London-based Freight Investor Services, one ...
Port of South Louisiana enters agreement to purchase Avondale Global Gateway The Port of South Louisiana has entered into a purchase and sale agreement with T. Parker Host to purchase Avondale Global Gateway, a 254-acre global logistics hub on the Mississippi River. The acquisition is expected to allow the port to be more competitive in traditional international trade and to increase focus on renewable-energy development. In ...
US allows safety-related transactions with sanctioned vessels Ofac has renewed a general licence allowing safety and environmental activities with vessels it has blocked in November
Soyabean trade to lift demand for panamaxes Panamaxes should benefit from higher soyabean exports out of Brazil, while demand for smaller-sized bulk carriers will be hurt by...
The Lloyd's List Podcast: Can the Ukraine grain corridor survive 2023? The Black Sea Grain Initiative is inherently flawed and it doesn't take a stretch of the imagination to think it...
Recruitment, retention and risk-taking: Why staff skills matter The industry recognises the need to attract new skills from outside but still employs old ways to recruit them. Once...
Pacific Basin buys six bulkers in fleet renewal drive Hong Kong-based dry bulk operator says it remains committed to its long-term strategy of further growing its supramax/ultramax fleet, while...
Cargill deserves first-mover advantage from methanol-fuelled bulker gambit The transition to net zero needs the emergence of a Field of Dreams' factor. If you build methanol-bunkering terminals, will...
Green methanol start-up secures capital from Maersk Maersk provides capital for green methanol start-up C1 as part of its wider strategy to secure future supply of the...
CMA CGM containership refloated after grounding CMA CGM Barracuda is believed to have hit a sea wall and is presently being assessed for damage. It is...
Supply chain fraud risk rising Digitalisation has made life easier for supply chains, but also for those that prey on them. TT Club is calling...
Tanker splits in two after explosion off China Vessel was not loaded at the time of the explosion
China Merchants impacted by inflated boxship charters Company also reveals issues in its dry bulker, livestock shipping and wind turbine installation businesses
Yilport makes first move in Africa with Takoradi port takeover Robert Yildirim's port group will take a 70% stake in Ghana's Takoradi port. Sees room for expansion of African and...
Judge rules sex trafficking case against Crowley can proceed Former employee says she was raped by her supervisor during a business trip to Crowley's US headquarters
Daily Briefing P&I clubs pushing hard on double-digit general increases | Flexport reorganisation sparks doubt over digital forwarding hype | Freight traders...
Six former Keppel O&M staff get bribe-related warning Illegal payments said to have been paid to foreign consultants involved in KOM's business interests in Brazil, according to bureau
MPV rates slump as breakbulk moves back to container sector Despite a decline in daily charter rates, the longer-term MPV outlook remains strong due to increased investments in oil and gas and renewables projects.
Estes Express plans near-port expansion as new generation takes charge The largest US family owned LTL trucking company is adding terminals, including one in Southern California, as Webb Estes moves into the president's office.
Maersk inks new deals as decarbonization drive continues Decarbonizing its entire business by 2040 requires collaboration across Maersk's global supply chain, pushing the carrier to sign partnerships in strategic areas to achieve its net-zero ambitions.
New services, West Coast labor talks push NY-NJ into top US port spot The growth at the Port of New York and New Jersey was accompanied by persistent container and vessel backlogs and truck congestion, but volumes are expected to taper off in 2023.
Europe string reinstates South India rotation after schedule disruptions The IEX service's nine-vessel routing has experienced serious reliability challenges since early last year amid the pandemic-linked port flow turmoil.
MRs creep up while rest of product tanker market struggles Two MR routes proved bright spots while LR routes across the globe saw declines
'The Covid trade is over': Rates across key bulker segments fall to 2.5-year low Rates for all main bulker segments except capesizes fall back below pre-pandemic levels
10 years after: Oaktree Capital reveals latest stake in Eagle Bulk US private equity firm has proved to be a patient investor in New York-listed bulker owner
Pacific Basin spends $125m on six secondhand bulkers Acquisitions should lower average fleet age to 12 years and bring owned and operated fleet to 263 bulkers
Yilport makes landfall in Africa through joint venture in Ghana Turkish port company says it plans to invest more than $700m in Takoradi Port
Devbulk grows towards magic 10 again, with fresh handysize buy Istanbul-based bulker player acquires nine-year-old ship in replacement of older tonnage sold a few months ago
Editor's Selection: Frontline dumps Euronav deal, Li Li facing prosecution, and Galbraiths cements tie-up with Ifchor We look back at some of the big shipping stories of the week
Fire fear: Bent Martini bans electric cars from Havila ropaxes Risk analysis concludes that a blaze involving hybrid or hydrogen vehicles will need external help
Freightos reports record results ahead of planned Nasdaq listing Booking and payment platform shakes off container downturn thanks to high volumes
Maersk invests in German start-up promising cheap green methanol revolution Venture capital arm of Danish group pumps money into Berlin-based C1
Grimaldi doubles order tally for car carriers in China Italian group inks contract for five more PCTCs and two options worth $630m
Feeder owner objects to 'unfair' box migration to CII-exempt ships Exploiting a loophole in the regulations, Contships warns that charterers are hiring heavylift vessels to carry containers
Shipbuilding pricing up 15% on average in 2022, Clarksons Research says An increase in tanker orders along with continuing flows of LNG carriers are likely in 2023
Rotterdam port urged to up its game against bad bunkers 'Problematic' fuel provided by supplier sparks calls for Dutch terminal to adopt Singapore anti-contamination standards
Scorpio's first-quarter rates lift-off comes in face of twin headwinds Product tanker giant sees market lifting further once a couple of troublesome factors clear in coming weeks
Work rolls on for $4.2bn worth of Russian LNG newbuildings Bulk of vessels are scheduled for 2023 deliveries with industry eyes now trained on their handovers
Ince 'lifer' Paul Herring opens up on new chapter at UK Defence Club After more than four decades at the London shipping law firm, 'lifer' realised he still had something to offer
Slowing container ship speeds could soften newbuilding hit, Clarksons says Vessels steamed 2% slower in the second half of 2022, according to analyst Trevor Crowe
Maersk and DP World team up to decarbonise logistics in Dubai port Partnership will speed up turnaround times in Jebel Ali port
James Fisher spies opportunity as UK needs 28 new SOVs UK shipowner says offshore wind sector is growing at an exponential rate
VLCC oversupply in Middle East hits tanker rates Long-term forecast for growth in oil consumption driven by China and India will assist improvements for VLCCs
Fredriksen lights bonfire of the vanities as Euronav deal fails The shipping magnate has chucked a grenade into plans for a mega tanker tie-up, so what next?
TotalEnergies snaps up half capacity at Germany's Lubmin FSRU terminal German federal chancellor Olaf Scholz to attend opening of country's second FSRU-based terminal
Suezmax outlook 'bright' as Hess plots crude output rise in Guyana Broker BRS says South American success story looks set to continue
Shanghai Jinjiang files for IPO as it plots eight container ship newbuildings Float of SIPG subsidiary has been talked about since 2021
Gurnee eyes 2023 'surprises' after Ardmore's chart-topping year Irish product tanker owner led all 25 stocks in Jefferies Shipping Index with 326% gain in red-hot 2022 rally
China demand lifts Iranian crude exports to high under sanctions Export boost for regime comes despite strong price competition from Russia in Asian markets
Accor jumps into cruise with two-ship order at Chantiers de l'Atlantique Hospitality giant signs letter of intent with French shipbuilder for two ultra-deluxe sail-assisted cruise ships
Digital freight forwarder Flexport to slash 20% of global workforce But company says it will still proceed with a doubling of its software engineering staff to improve its products
Japan's Doun Kisen orders ultramax bulkers at Nantong Xiangyu The newbuilding price for ultramax bulk carriers has reached a new low level in the past 12 months
Delta sets cargo record by a nose during difficult 2022 Delta Air Lines carried more than $1 billion in cargo below passengers' feet last year, setting a company record.
FreightWaves Flashback 1971: 'Breakthrough' reported in test shipment of melons to UK stores 1971: Londoners are able to buy American melons for the first time after test shipments to the U.K. proved successful.
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