San Francisco Bar Pilots celebrate arrival of new pilot vessel The San Francisco Bar Pilots on Thursday formally celebrated the arrival and deployment of their recently delivered Camarc 22 pilot vessel Golden Gate. Built by Snow & Company, Seattle, the Golden Gate
N.Y. Public Service Commission ruling disturbs offshore wind advocates At the end of the day, electricity generated from offshore wind has to be paid for from consumers' electricity bills. When those rates aren't high enough to justify the huge investment required
Maersk joins growing number of operators rolling out Starlink fleetwide SpaceX's Starlink high speed LEO satellite constellation is starting to look like a game changer for satcoms and for shipping. This week, Maersk announced that Starlink will be deployed across its owned
Port of Oakland hires first female director of engineering Emilia Sánchez has been named the Port of Oakland's new Director of Engineering. Sánchez started as an Engineering Project Manager at the Californina port in February. She is the port's first Latina and the first woman to hold this position of leadership. Furthermore, Sánchez worked for BART (Bay Area Rapid Transit) for over a decade in various roles. She oversaw the construction of the Hayward M
World's first LNG-fuelled panamax commences operation The world's first LNG-fuelled Panamax-class coal carrier, which was built by Nippon Yusen Kabushiki Kaisha (NYK) and Kyushu Electric Power Co., Inc. (Kyuden), was delivered on 2 October. The vessel was named "Shoyo" in a naming ceremony held at the Koyagi Shipyard of Oshima Shipyard Co. and began operations after completing the first bunkering. In particular, NYK transports coal from overseas to
Port of Corpus Christi announces record third quarter volumes Port of Corpus Christi moved more than 50 million tons of goods through its Corpus Christi Ship Channel in a single quarter, setting a record for the sixth consecutive quarter. The 52 million tons moved in Q3 2023 was a 7.7% increase from the same period last year and 4.5% higher than the prior record set in Q2 2023. "The new high mark primarily can be attributed to a jump in crude oil exports,"
Saudi ports increase box volumes in September The Saudi Ports Authority (Mawani) has reported an 11.66% surge in container traffic across its trade hubs during September, handling 732,293 TEUs, in comparison to 655,831 TEUs a year earlier. Monthly statistics for September further show an 18.2% bounce in exported containers from 198,529 TEUs in 2022 to 234,663 TEUs in 2023, with imported containers scaling up 17.18% to 217,933 TEUs last month
First grain container train from Ukraine arrives in port of Riga The company "Rigas Universalais Terminals" received and unloaded the first test train with Ukrainian cereal products, which was delivered to the Freeport of Riga by SIA LDZ CARGO, a subsidiary of the SJSC "Latvijas dzelzcels". In particular, 1,423 tons of rapeseed from Ukraine were delivered in 54 boxes. Containers from Ukraine arrived at the port of Riga in Latvia via the Kaunas intermodal railw
Port of Salalah to set new records in 25th year of operation The Port of Salalah celebrates its 25th anniversary this month and in terms of volume growth, Oman's major port has seen significant growth in both the container and general cargo sectors. While the box terminal is still expanding, there is a considerable rise in general cargo volumes, with a strong 26% increase in the first half of this year, compared with the same period last year. "This outsta
DP World invests US$1.5 billion in decarbonisation activities DP World has reinforced its commitment to sustainable operations by gathering US$1.5 billion through a Green Sukuk to fund its worldwide decarbonisation activities. The Sukuk, which was oversubscribed by 2.3x due to significant demand from local, regional, and worldwide investors, is traded on Nasdaq Dubai and the London Stock Exchange. Also, the Sukuk profits will be used to fund qualifying gree
Wallem Group CEO steps down after three years Wallem Group's current chief executive officer (CEO) John-Kaare Aune will leave the company in January 2024 after five years. John-Kaare Aune joined Wallem in 2019 as managing director of Shipmanagement and was appointed as Group CEO in January 2021. On his departure, John-Kaare Aune stated, "It was a difficult decision to step aside as the Wallem Group CEO. However, with operations having normal
CEVA to use robots from Boston Dynamics in new California transload facility CEVA Logistics recently opened a 12,540 m² transload facility, where robots from Boston Dynamics will be used to serve CEVA's customers at the site within miles of both the ports of Long Beach and Los Angeles. According to CEVA Logistics, the new site is the only transload facility in North America to offer a cross-belt sortation device, enabling 10,000 parcels to be sorted every hour based on pr
Hapag-Lloyd increases rates from Turkiye and Bangladesh German ocean carrier Hapag-Lloyd has announced new ocean tariff rates from Turkiye and Bangladesh, which will be effective from 1 November. The updated prices from Turkiye to Middle East and Indian Subcontinent will apply for all 20' and 40' dry containers, including high cube equipment and will be as follows: 20' Dry Containers From* To* Current base rate level New base rate level Delta Mersin J
How AI and Machine Learning Enhance Route Optimization Efficient route optimization is a critical component of many industries, from transportation and logistics to delivery services and even urban planning. The ability to find the most optimal routes not only saves time and money but also reduces fuel consumption and carbon emissions. With the advent of artificial intelligence (AI) and machine learning (ML), the game has been elevated to a whole new
EC closes two Dutch public docks after inspection Sea-going vessels will be temporarily prohibited from using Parkkade and Lloydkade in central Rotterdam from 20 October, as the European Commission (EC) carried out an inspection there in mid-September and the results indicated that the current security measures at these public docks do not meet EC expectations. Roughly 1,700 sea-going vessels use the public berths at Parkkade and 400 use those a
OSG picks up laid-up suezmax from BP Overseas Shipholding Group (OSG) has struck a deal with BP Oil Shipping Company, USA, to purchase a laid-up suezmax tanker. The Tampa-based company has picked up the 2004 NASSCO-built , a sister vessel to three other Alaskan Class tankers operated by its arm, Alaskan Tanker Company. "The purchase of the Alaskan Frontier brings all four ...
G7 attempts to clamp down on the Russian oil price cap The US imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven 10 months ago with sanctions placed on two firms and two vessels The US Treasury Department sanctioned United Arab Emirates-based Lumber Marine, the registered owner of SCF Primorye, and Turkey's Ice Pearl Navigation Corp, ...
Fredriksen ups stake in Edda Wind Shipping tycoon John Fredriksen has raised his ownership stake in Oslo-listed offshore wind service pure play Edda Wind. According to a filing with the Oslo Stock Exchange, Fredriksen's private company, Geveran Trading, has acquired 2m shares in Edda Wind for about $4.5m, adding to the previously held 21.2m shares and now owning around 20.7% of ...
SBM Offshore seals deal with ExxonMobil for another Guyana FPSO Dutch floater expert SBM Offshore has been awarded contracts to perform front-end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil's Whiptail development project in Guyana. Whiptail is ExxonMobil's sixth offshore project in Guyana and SBM Offshore's fifth FPSO project for the US supermajor in the country. Subject to ...
First marine dual-fuel hydrogen gensets debut The Saverys family-controlled CMB.TECH and power solutions firm DBR have debuted the first dual-fuel hydrogen gensets for marine applications. DBR will be responsible for the construction and delivery of the dual-fuel hydrogen gensets, specifically designed for marine applications with CMB.TECH providing the hydrogen technology, including the necessary components. Damen Shipyards, a global suppli
Development Bank of Japan joins the Blue Visby Consortium The Blue Visby Consortium - a cross-industry project aimed at reducing shipping's greenhouse gas emissions by tackling the sail fast, then wait practice - has welcomed the Development Bank of Japan (DBJ) as its first financial institution. Blue Visby combines a new contractual framework and transparent digital technology to optimise arrival times for groups of ...
Ukrainian seafarers face being barred from Russian waters Ukrainian seafarers face being barred from working on ships that enter Russian waters. A new law coming into place on Monday, the 600th day since Russia invaded its neighbour, will force Ukrainian citizens entering the country to come through just two entry points: Sheremetievo airport in Moscow and Ludonka on the border with Latvia. For ...
Aune leaves Wallem with John Rowley appointed as next CEO John-Kaare Aune will be stepping aside as Wallem Group's CEO and after a period of transition will leave in January 2024. Following Aune's departure, the board at the shipmanagement firm has appointed a former senior executive at Lloyd's Register, John Rowley, to succeed him. Rowley, incoming Wallem Group CEO, said, "I am thrilled to be ...
Russia's suspected grain laundering fleet undergoes major reshuffle, but only on paper Ships facilitating Russia's export of Ukraine-origin grain have gained plenty of attention over the past year and are subject to...
The Lloyd's List Podcast: Where are the tipping points in global trade? Global trade lanes are changing, the multilateralism that has supported globalisation to this point is withering and the digital advances...
Turkish owner of sanctioned tanker denies breaching price cap Yasa Holding denies loading Russian crude oil above the price cap, stating guarantees of price cap compliance from charterer
Greek shipowners raise €50m for areas devastated by flooding Union of Greek Shipowners and government of Kyriakos Mitsotakis will liaise closely to ensure the optimum use of funds
Pacific Basin looks to Chinese stimulus as earnings fall Pacific Basin Shipping reports big falls in earnings year on year but says longer-term fundamentals give hope
The contradictions of the Russian oil price cap More Russian oil than ever before is being carried on sanctions-busting tankers exploiting regulatory loopholes. The entire scheme of sanctions...
Shipowners and insurers rely on unscrutinised attestations to keep Russian oil price cap alive Attestation documentation is doing all the heavy lifting for G7 sanctions on Russia, but its effectiveness remains unscrutinised as crude...
Cyber ransom demands on shipping up threefold in a year More than one in three industry companies have been victims of online crime in the past three years, survey claims
Ship recycling volumes on the up as pricing levels increase The ship recycling sector has seen an increase in activity in recent weeks although total tonnage scrapped so far this...
OSG acquires laid-up suezmax from BP Alaskan Frontier has been in cold lay up in Malaysia since 2019 and is expected to return to service in...
MOL Chemical Tankers looks to Fairfield buyout to aid growth Merger is of great importance for the Singapore-based company to sharpen its competitive edge in a highly competitive and fragmented...
Box rates remain depressed after Golden Week Capacity reductions for October are being reversed. Load factors remain under pressure on weak demand
Shipping needs gas supply infrastructure to keep pace Trelleborg marine and infrastructure president Richard Hepworth tells Lloyd's List that LNG's rising significance as a shipping fuel will re-route traditional...
BIMCO adopts new CII clause for voyage charterparties Wording focuses on course adjustment and speed reduction. It includes commercial elements such as data sharing
John Rowley to replace John-Kaare Aune as Wallem Group CEO John-Kaare Aune is to step away from his position as CEO at Wallem. He will be replaced on January 1...
VLCC rates surge amid heightened Middle East unrest Any disruption to oil production and supply in the Middle East have been minimal thus far. However, the prospect of...
Daily Briefing G7 crackdown on Russian oil shipping breaches begins | US to sanction Türkiye- and Russia-owned tankers for oil price cap...
CMA CGM's NY-NJ 'home' offers it Southeast Asia trade growth: Saade CMA CGM Chairman Rodolphe Saade said he's seeing more customer demand than ever for Southeast Asia services that will eventually call at the carrier's two recently acquired terminals at the Port of New York and New Jersey.
Forwarders facing margin pressure from smaller shipments, shift of air to ocean Shipments are getting smaller over time, driven in part by e-commerce growth, but also by a market that is disentangling cargo previously handled through air or ocean consolidation.
Texas starts truck inspections at Laredo bridge amid cross-border delays State truck inspections are adding to existing problems clearing rising amounts of freight entering the US from Mexico as migrant numbers arriving at the US border surge.
Air cargo demand out of Asia puts spot rates on upward path, for now The last two months have been good for the air cargo market on export trade lanes out of Asia, but there remains considerable uncertainty whether the positive momentum will continue.
Mexican intermodal market living up to growth expectations: analyst It appears Mexico is beginning to fulfill its growth potential for domestic intermodal, with asset-based carriers ramping up their activity within the country and in the cross-border market, writes analyst Larry Gross.
US shippers told to make trucking bids more collaborative The bidding process needs to be "revolutionized" to save shippers money, with more emphasis on strategic relationships, speakers said at the NITL Engage Conference.
Buoyed sentiment in Americas helps handysize bulker rates climb to new six-month high Brokers say rates for voyages from the US Gulf Coast and South America's eastern shores are rising
Trout fishing? Just why is George Economou picking a fight he can't win with Performance Company's share structure essentially rules out Greek owner taking control
Western Bulk says 'weak' result coming after being left short in dry rebound Oslo bulker operator will pay no dividend for third quarter as it heads for annual loss
Editor's selection: Biggest S&P deal ever, Economou targets Performance and Procopiou attacks EU sanctions A look back at some of the big stories brought to you by TradeWinds' journalists this week
Shell and Trafigura back new alliance targeting first clean hydrogen shipment Coalition wants to move the first renewable cargo from the US to Europe by 2026
Reed Smith sued for £21m by sanctioned UAE owner over failed tanker sale Virgo Marine claims law firm withheld funds after it was designated by the US over Iranian trade
Sanctioned ship loaded four times at Kozmino under price cap regime P&I cover was supplied by Europe-based Britannia, which received assurances the vessel was operating within the cap
Bleak outlook for European producers is opportunity for chemical tankers, says Clarksons UK broker argues triangulating the fleet for efficiency will be key for owners
Hafnia brings in Su Yin Anand as director Ouma Sananikone steps down Former South32 head of shipping proposed for Singapore tanker owner's board
BSM's Theophanous outlines plan to combat population fall in seafaring nations Schulte Group ship manager widening its recruitment net to include Africa and South America
SAL Heavy Lift charters in 'mighty' duo for US offshore wind farm work German owner takes 2022-built semi-submersibles from Shanghai Salvage
Pangaea Logistics latest public company to draw investment from shipping company Rhode Island-based niche cargo specialist has interest from a large, private bulker operation
Wavelength: John Fredriksen's $2.35bn gamble to capture tanker supercycle The mercurial shipowner now hopes to leverage Frontline's position as the largest pure-play stock-listed tanker giant
Donjon Marine CEO John Witte takes over as ISU head Incoming president hopes to strengthen salvage companies' relationships with insurers and shipowners
Half of shipowners to adopt dual-fuel solutions within five years, Reed Smith says Law firm reveals early indications from sector survey but wants further input
SAL Heavy Lift charters in 'mighty' duo for US offshore wind farm work German owner takes 2022-built semi-submersibles from Shanghai Salvage
John Fredriksen builds Edda Wind stake to become second-biggest investor Shipping tycoon adds 2m shares in company he originally invested in two years ago
Pangaea Logistics latest public company to draw investment from shipowner Rhode Island-based niche cargo specialist has interest from a large, private bulker operation
Tan calls time after 12 years as CEO of Singapore's PSA Terminal operator makes rare change of management with internal candidate stepping up to the plate
Ex-Lloyd's Register man picked as new CEO at ship manager Wallem Current CEO John-Kaare Aune said he felt it was the right time to leave ship manager
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