Wallenius Wilhelmsen in LOI for up to 12 giant methanol dual fuel car carriers Upping the ante in the car carrier size and greenness game, Oslo, Norway, headquartered Wallenius Wilhelmsen has signed a letter of intent with China Merchants Jinling (Jiangsu) for four 9,350 CEU (car
Conrad Industries reports $323.7 million newbuild backlog Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) has reported its second quarter and six months ended June 30, 2023 financial results and backlog at June 30, 2023. For
KMTC container ship suffers fire off Malaysia The 2,778 TEU container ship KMTC Shenzhen experienced a fire off Port Klang in Malaysia on 12 August, according to the UK insurance company WK Webster. It is reported that at least three fire-fighting tugs were deployed to assist in the fire incident, in conjunction with the local fire brigade, which was brought under control within two hours. The 2013-built boxship had 18 crew members and 1,189
Portsmouth International Port turns to solar power The installation of the cutting-edge solar and battery system at Portsmouth's port has passed a final milestone and is now fully operational. Managed by the in-house energy services and building services teams of Portsmouth City Council, installed by Custom Solar and assisted by engineers at the port, the project began with installing roof-mounted solar panels across several buildings, large batt
China overtakes Greece as largest shipowning country China has climbed to the top of nations rankings as the largest shipowning country in terms of gross tonnage, according to information from UK data provider Clarksons Research. The fleet of Chinese shipowners has now reached 249.2 million GT, holding a 15.9% market share with a fleet value of US$180 billion. On the other hand, the ships of Greek vessel owners, who fell to the second place, have r
ICTSI reports strong first half results with increased revenues, earnings and container throughput Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) achieved to increase its revenue and earnings in the first half of the year, while container volumes in its terminals have also shown a significant uptrend. In particular, ICTSI noted a year-on-year 10% growth in its revenues, reaching US$1.16 billion in the first six months of 2023. Additionally, the Philip
Port of Valencia continues to boost rail cargo transportation The Port Authority of Valencia (PAV) said it maintains its strategic commitment to promoting rail freight transportation. The Spanish port reported 2,180 cargo trains (an average of 87 per week), 45,311 waggons, 498 metres in average length, 116,792 TEUs, 30,642 vehicles, or 1,154,072 tonnes of products in the first half of the year. All of these figures are improved compared with the correspondi
Cryptocurrency staking: is it Safe? You definitely heard that the future belongs to cryptocurrencies. Virtual assets are used to increase income and protect your savings. Many companies are implementing coin payment for your goods and services. To earn tokens, you need to spend a lot of time. First, you need to analyze the market, choose a profitable cryptocurrency pair, and guess the best moment for the exchange. All this takes at
Archer to undertake P&A campaign on two Repsol fields off UK Repsol Sinopec Resources UK Limited has awarded a decommissioning contract to Archer for a plug and abandonment campaign on the Fulmar and Hallet fields offshore UK. Archer will hire Repsol's UK arm for the decommissioning of 30 wells in the Fulmar Field and two wells in the Halley Field. The contract is a fully integrated ...
Singapore's Dyna-Mac and Kim Heng link up on FPSO projects Singapore-based fabricator Dyna-Mac Holdings and fellow offshore vessel operator and marine engineering services provider Kim Heng have joined forces to participate in larger, more complex floating production storage and offloading (FPSO) module fabrication projects. A memorandum of understanding signed between subsidiaries of both companies provides Dyna-Mac, a well-known maker of FPSO, FSO and
Seadrill clinches multiple contract extensions Offshore driller Seadrill has bagged multiple contract extensions for its drilling units, according to its latest fleet status report. The New York- and Oslo-listed firm has secured multi-well contract extensions against existing agreements for two drillships, the 2019-built Sonangol Quenguela and the 2010-built West Gemini, operating for TotalEnergies in Angola through its 50:50 joint venture ...
P&O Maritime wins Dominican Republic port towage deal Maritime services provider P&O Maritime Logistics has secured an exclusive towage contract with DP World in the Dominican Republic, increasing the volume and size of vessels calling at the Port of Caucedo. The contract, which starts on December 7, will see P&O Maritime Logistics deploy three tugs to support operations at Caucedo, which can handle ...
Woodside and BP take options on Diamond Offshore rigs Houston-based Diamond Offshore Drilling has seen options exercised on its drillship working in Senegal and a semisub employed in the UK North Sea sector. Woodside has taken the option to keep the 2014-built floater Ocean BlackRhino for work at the Sangomar development offshore Senegal until June 2024. The rig, which has been on contract in ...
Haunting images of burnt cars inside Fremantle Highway leaked First photos of the destroyed cars aboard the Fremantle Highway car carrier have been leaked to the public by a Dutch media outlet with the salvage firm none too happy about it. One of the images shows destroyed Porsche 911s and Porsche Cayennes while another that can be seen around the internet shows 5-door Mini ...
Lila Global lets go of its last LR1 tanker United Arab Emirates-based Lila Global tanker arm is shrinking rapidly. The owner, a sister firm to ship recycling giant GMS, has been cutting its exposure in the tanker sector all year, shredding seven ships while adding two, leaving its tanker arm at just four ships versus the 34 bulkers in its fleet. The Anil Sharma-led owner ...
Wallenius Wilhelmsen signs for up to a dozen methanol-fuelled newbuilds in China Norwegian car carrier operator Wallenius Wilhelmsen has lined up up to 12 9,350 ceu vessels for construction in China which will be capable of running on methanol and ammonia-ready. The Oslo-listed company has signed a letter of intent with Jinling Shipyard Jiangsu for delivery of four firm ships from mid-2026, with options for an additional ...
FMC expands its investigation into charges levied by MSC Not for the first time in recent months, lawyers for Mediterranean Shipping Co (MSC) find themselves battling a case at the Federal Maritime Commission (FMC) in Washington DC. MSC, the world's largest containerline, faces charges over its detention and demurrage charges as well as its billing procedures, potential violations of the Shipping Act. Rather than ...
Jiangnan Shipbuilding to expand LNG carrier capabilities Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has started construction of a new facility to enable the construction of 175,000 cbm LNG carriers. The project was designed by CSSC Ninth Design and Research Institute Engineering, and the total length of the new wharf will be 410 meters with a width of 25 meters. ...
Mine explosion near Romania's Constanta port spooks Ukrainian grain exporters Russia's efforts to strangle Ukrainian grain exports are seeing it come ever closer to bringing a NATO member into the conflict. Since quitting a United Nations-brokered grain shipping pact last month, Russian forces have targeted Ukrainian ports and grain export facilities including sending drones to attack ports on the Danube , just a couple of ...
Capes still a victim of their own productivity Despite worries about China's economy and property sector, dry bulk market participants hope China will need to restock during the...
Underwriters lack data on dual fuel ships, Beazley admits Pricing will necessarily remain judgment call until performance characteristics established, says Lloyd's giant
Wallenius Wilhelmsen reports all-time high earnings as port congestion bites Scandinavian ro-ro giant has seen robust performance in all its segments, with port congestion, the US and Nato response to...
Questions remain over departure of detained dark fleet tanker from Antwerp Belgian authorities confirmed they were also investigating the ownership structure and activities of the tanker, among the 50-plus owned by...
Global downturn hits Hamburg terminal operator HHLA has reported sharply lower earnings as throughput slumps. Outlook remains 'fraught with uncertainties'
DFDS posts better-than-expected Q2 despite Ukraine conflict DFDS has cut emissions from its owned and chartered ships through slower sailing, hull modifications and silicone-based anti-fouling paints. It...
Japan Club back in black Takahashi points to continuing impact of pandemic and fallout from Russia sanctions
Wallenius Wilhelmsen to order four dual-fuel methanol car carriers Wallenius Wilhelmsen plans to order four dual-fuel methanol vessels with an option for a further eight
UK legislation will boost global eBL uptake, says DCSA International trade has been covered by UK commercial law for centuries. A change in that law stands to benefit the...
Former SIPG boss Yan Jun under investigation His case is reported to be related to the investigation into Chen Xuyuan, a former president of SIPG
Daily Briefing Dark fleet Russia freight profits said to exceed $1bn | Black Sea trade bounces back after drone strikes | UN...
Forward Air looks to hook high-value shippers in Omni Logistics deal Omni's international and US forwarding customers are expected to send more freight to Forward Air's expedited less-than-truckload network in the US.
New ships coming to trans-Pacific expected to overwhelm rate gains A sharp increase in new vessel deliveries over the coming weeks is forecast to put more pressure on ocean carriers to blank sailings - or face falling rates.
Shippers offer mixed reaction to Dye's proposals to fix container terminal flow The National Shipper Advisory Committee saw some good in the FMC commissioner's ideas, but said without a clear path for implementation, businesses will continue to be hurt by detention and demurrage charges.
Terminal operators launch renewed push to expand in emerging markets Demand for container shipping in major destination markets remains subdued, so some of the world's largest port operators are channeling their attention - and money - on growing business in emerging nations.
Most India-Europe rates falter amid shrinking export volumes Average rates from West India to Europe and the Mediterranean have cooled between 10 to 15% from what carriers were quoting at the end of July, deepening the slide seen over the past year.
Install Operating Systems Discover How You Can Download An ISO and Create VM Customization with Metal
Ongoing office worker contract talks the lynchpin to West Coast labor peace Negotiators for shipping lines and office workers in Los Angeles-Long Beach report that progress is being made in the ILWU Local 63 Office Clerical Unit (OCU) contract negotiations, but the two sides have work to do on the issues of wages, pension benefits and technology.
Charter markets boost earnings at Gram Car Carriers Oslo-based company says car carrier market fundamentals are strong and it expects further gains
Russia plans to open Northern Sea Route to year-round sailing by 2025 Ambitions slide by a year as country gears up a slew of new ice-breaker newbuildings
Greek shipowner Laskaridis Maritime moves into tanker sector with newbuilding order Bulker shipowner believed to have contracted China's Yangzijiang Shipbuilding for an LR2 product tanker order
Wallenius Wilhelmsen books strong second quarter on trade growth and port delays Chief executive Lasse Kristoffersen hailed 'strong performance' in all segments
KARMOL lines up for North West Shelf LNG carrier quartet Deal agreed on sale of last remaining steamships in former Australian fleet
Sea mine explodes off Romanian coastline as Russia targets Ukraine grain plan Incident comes as Russia appears to be targeting shipping heading for Ukraine's Danube ports
Atlantic Navigation sees interim profit more than double on back of offshore rally Company said it benefited from strong utilisation levels and charter rates across its fleet.
Wallenius Wilhelmsen orders four car carriers able to run on methanol or ammonia Car carrier shipowner will only invest in new technology that enables it to achieve net zero emissions in the future
KARMOL lines up North West Shelf LNG carrier quartet Deal agreed on sale of last remaining steamships in former Australian fleet
Hin Leong liquidators and HSBC chase Lim Oon Kuin and scions for $3.6bn Lawyers claim failed oil trading company founder hid the fact that it had been insolvent since 2012
Singapore bulker player Uni-Asia sees first-half profit slide 74% SGX-listed company has also named a new chief executive who is set to take over next year
Vietnamese logistics companies move into liner trade with container ship acquisitions Transimex and Tan Cang establish domestic feeder shipping services to support inland container logistics businesses
'Big Short' investor going long again on shipping stocks Michael Burry's Scion Capital has returned to bets on public shipowners after taking a pause
COVID cost initiative boosts Cargojet margins despite drop in volumes Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
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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