1,000 ships affected by cyberattack on DNV ShipManager In an update on its earlier announcement, classification society DNV has revealed that the cyberattack that hit its ShipManager fleet management software on the evening of Saturday, January 7 was a ransomware
Buquebús eyes switching Incat newbuild from LNG to electric Australian shipbuilder Incat Tasmania looks set to jump start its electric ambitions. It is in discussions with long time customer Buquebús that could see the 130 meter ferry currently under construction at
Fredriksen ups stake in Euronav Within days of John Fredriksen's Frontline plc announcing that it was pulling out of its planned tanker mega merger deal with Euronav, Fredriksen-associated Famatown Finance Ltd filed a notice with the SEC
Ningbo Zhoushan hits 1 million TEU milestone in the first 10 days of the year The Ningbo Zhoushan Port has already surpassed 1 million TEUs from the beginning of the year. The major Chinese container hub handled 1.05 million TEUs from 1 to 10 January, translating to a 10.75% year-on-year increase. Meanwhile, on 10 January, the Ningbo Zhousan Port received two giant container vessels, MSC Zoe and Merry Maersk each with over 18,000 TEU capacity. The following day, a total of
UK's Portsmouth and Canada's Halifax ink "sister city" deal to progress trade opportunities The cities of Portsmouth in the United Kingdom and Halifax in Canada will formalise their "sister city" agreement in order to develop business opportunities in shipbuilding, oceanology and satellite applications. The agreement will be signed on 19 January by the mayor of Halifax, Mike Savage, and the lord mayor of Portsmouth, councillor Hugh Mason and aims to progress trade opportunities between
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Asia container exports to US plunge in December Japan International Freight Forwarders Association (JIFFA) reported that container exports from 10 major Asian countries and regions to the United States fell by 23.2% to 1.31 million TEUs in December. This is the fifth consecutive decrease on a year-on-year basis, according to Miami-headquartered trade firm Descartes Datamyne. US imports, meanwhile, totaled over 1.94 million TEUs, which plummete
World's largest cargo ships in 2023 Container ships is an important part of commercial freight transport and thus of the shipping industry, as they now carry the vast majority of seaborne non-bulk cargo. However, there are different types of cargo ships that are used to transport different types of cargo. Container News compiled the following list showing the largest vessels by category based on the type of cargo they carry. 1. Con
5 Things to Check Before Establishing A 3PL Partnership Partnering with a 3PL can make it easier for businesses to operate and grow by outsourcing the headaches that can come with fulfillment and order management. A good 3PL relationship is one that does the heavy lifting for you, allowing your team to focus on their product and sales expertise. However, getting that right can be tricky, so there are a few important things to check before establishing
Wan Hai launches new service to help Ulsan's ambitions In collaboration with Ulsan Port Authority (UPA), Taiwanese liner operator Wan Hai Lines has started a new container service connecting the South Korean port with Malaysia. Ulsan is South Korea's main oil port, owing to its status as the home to the country's oil refining cluster. Wan Hai will deploy five 3,000 TEU ships to the weekly KSS service, which will call at the Malaysian ports of Penang,
CMA CGM deploys 15,000 TEU boxships on Asia-Latin America service CMA CGM Group announced that its 15,000 TEU ship CMA CGM Argentina called the Honmoku D4 terminal in Yokohama on 15 January becoming the largest container vessel that has ever called Japan on a regular service. The boxship is one of two 15,000-TEU series that the group has deployed on the weekly Asia Central South America 1 (ACSA1) service. Hideki Uchida, president of CMA CGM Japan, commented, "T
PSA exceeds 90 million TEUs in 2022 PSA International has announced it handled 90.9 million TEUs at its port projects worldwide in 2022, which represents a 0.7% decline compared with 2021 box volumes. The company's flagship PSA Singapore reported 37 million TEUs with the remaining terminals of PSA outside Singapore reaching 53.9 million TEUs. "The world experienced another challenging year in 2022 and although most countries were e
Leschaco expands in Colombia with logistics provider acquisition Leschaco has confirmed it has acquired the activities of the Colombian logistics service provider Coltrans S.A.S. as of 28 December 2022. Coltrans has been part of the Leschaco Group's agent network, for more than 30 years. With the acquisition, the 500 employees of Coltrans will move under the Leschaco umbrella. This was the second acquisition in 2022 for Leschaco Group, which in February 2022,
Sri Lanka box terminal introduces new trucks for inter-terminal transfers South Asia Gateway Terminals (SAGT), Sri Lanka's first Public Private Partnership Container Terminal, has announced new port equipment, including 30 new prime movers and terminal trailers, to assist the Port of Colombo operations. SAGT aims to enhance the service integrity of its Inter-Terminal Transfers (ITT) in support of the port's hub aspirations. "The introduction of a fleet of ITT trucks is
Nine in 10 major ports exposed to climatic and geophysical risks: University of Oxford research New study from the University of Oxford's Environmental Change Institute (ECI) shows that 86% of all ports worldwide are exposed to more than three types of climatic and geophysical hazards, resulting in escalating economic impacts on global trade. Ports are usually located in hazard-prone areas along the coast and close to rivers - exposed to storms and floods - and will have to cope with sea le
ONE opens new office in Hong Kong Ocean Network Express (ONE) East Asia has opened its new office in Tsim Sha Tsui, a commercial and tourist area in Hong Kong. The ceremony took place on 11 January 2023. The new office makes provisions for the hybrid work arrangement with meeting pods around the office to facilitate communication for teams who might have people working from the office and at home. Takafumi Kido, managing director
Shipping launches advisory body to tackle Filipino seafarer issues Global organisations representing seafarers, shipowners and other maritime employers have signed a memorandum of understanding with the Philippines' Department of Migrant Workers to form the International Advisory Committee on Global Maritime Affairs (IACGMA) aimed at finding solutions facing Filipino seafarers. The formation of the IACGMA follows a meeting that took place in December last year,
Island Drilling semisub secures more work for Petrofac off Mauritania Norwegian rig owner Island Drilling has secured more work for its 2012-built semisub off the coast of Mauritania. UK offshore engineering specialist Petrofac, as a well management contractor on Tullow Oil's Banda and Tiof fields, has exercised its rig hire option on one additional well bringing the total rig's work to five well re-entries. The ...
Stena Drilling scores new drillship contract in Egypt Stena Drilling, a subsidiary of Sweden's Stena, has been awarded a new contract by Shell subsidiaries BG Delta Limited & BG International for a three-well project offshore Egypt. The drilling campaign will be undertaken using the 2009-built sixth-generation dual-activity harsh environment drillship . The operations are set to start most likely in May 2023 upon ...
Anthony Veder joins Germany's Lubmin LNG terminal as minority shareholder Dutch gas shipping company Anthony Veder has joined the recently-commissioned Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG) in Germany as a minority shareholder. Operated by Deutsche ReGas and located in the industrial port of Lubmin on the German Baltic Sea coast, the terminal sports one of TotalEnergies' two floating storage and regasification ...
Wilhelmsen takes over tank and cargo hold cleaning specialist Navadan Norwegian maritime group Wilhelmsen is taking over Danish tank and cargo hold cleaning specialist Navadan. Navadan was established in 1995. Peter Krogh, who joined in 2006, bought the company in 2011 with a strategy to grow the business by entering the dry bulk market. "I have this last period considered options on how to build ...
Pelagic Partners expands tanker presence with LR1 buy Pelagic Partners continues to bolster its tanker fleet. The Cyprus-based alternative investment fund said its Pelagic Yield Fund had purchased the 2009-built, LR1 tanker . Multiple brokers reported the Chinese-built 73,500 dwt vessel, which is currently trading in the Hafnia Pool, came from Hartmann Group for around $24.8m. Pelagic Partners was founded by the Hartmann ...
Boskalis lands landmark 100th offshore wind project Dutch offshore contractor Boskalis has marked a special milestone by securing its 100th offshore wind farm project over the past decade. The Papendrecht-based company has won a contract to transport and install wind turbine foundations and power cables for an undisclosed large offshore wind farm in the US. The project will see the deployment of ...
Fredriksen spends another $70m beefing up his position at Euronav John Fredriksen continues to toy with Euronav. The Norwegian shipping magnate has been pursuing the Belgian tanker giant for more than a year before pulling the plug on a proposed combination with his firm Frontline earlier this month, a decision that sent the Euronav stock price plunging. This morning, Euronav revealed Fredriksen remains in the ...
Beks scores first newcastlemax Istanbul-based Beks Ship Management and Trading, one of the most active Turkish owners in the secondhand market over the past 12 months, has secured its first deal of the year. This time sources tell Splash it has added its first newcastlemax, the 206,000 dwt . The 2005-built bulker was sold for around $15m by Japanese ...
Offshore in 2023: Reasons for optimism An increase in capex spending in oil and gas as well as renewables, combined with a tighter supply of active tonnage, continues to point towards greater optimism for the offshore vessel market over the course of the year. The offshore sector maintained its path to recovery in 2022, with the Clarksons cross-segment rate index, which ...
Brokers report Tsakos has sold entire MR fleet Multiple broking reports list Tsakos selling its entire ice-class MR fleet. The Greek owner is reported selling six ageing ships to Middle Eastern interests for $21m each, although the ships in question remain on Tsakos's fleet list on its website. The reported sold tankers are the 18-year-old, 53,100 dwt sister ships Afrodite, Ajax, Apollon, Ariadne, ...
Quinto switches from boxes to tankers Dutch inland shipping yard Concordia Damen has been commissioned to build a tanker for Quinto Scheepvaart from Zwijndrecht. This also marks the switch, after 25 years, that family business Quinto has decided to make from container shipping to tanker shipping. Quinto has opted for a 2,875 dwt, 110 m long chemical tanker. Luit Nanninga, who ...
Nine in 10 major ports are exposed to climate hazards: University of Oxford study New research from the University of Oxford's Environmental Change Institute (ECI) indicates that nearly nine in 10 major ports globally are exposed to damaging climate hazards, resulting in escalating economic impacts on global trade. Because of their locations in hazard-prone areas along coasts and close to rivers, ports will have to cope with sea-level rise ...
US Interior Department to streamline processes for offshore wind energy development The US Department of the Interior last week announced that the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule to update regulations for clean energy development on the US Outer Continental Shelf (OCS). The proposed regulations would modernize regulations, streamline processes, clarify ambiguous provisions and enhance compliance provisions to decrease the costs ...
Bosporus traffic flow halved following vessel grounding It is the first instance of a ship grounding in the Bosporus Strait this year, following two accidents in 2022.
Dutch LNG terminal forced to halt on heat compressor outage The terminal, in Eemshaven, is expected to be fully operational by the end of February
Wallenius Wilhelmsen progresses sail-powered PCTC project EU grant will be provided to Wallenius Wilhelmsen and its project partners to bring Orcelle Wind vehicle carrier project to...
Container volume downturn hits lucrative head-haul hardest CTS volumes from November showed an annual decline to below pre-pandemic levels. The biggest hit has been to the most...
European ports add hydrogen projects Amsterdam is the latest European port to partner with energy and storage companies to explore the viability of hydrogen supply...
The week in charts: Ship recycling recovers | Piracy levels near 30-year low | Leading dry bulk charterers revealed Ship recycling looks set for higher levels of demolition, three containerships have run aground so far this year, 115 incidents...
The week in newbuildings: Bulk carriers drive ordering activity Orders for eight bulk carriers, five pure car and truck carriers and two product tankers placed
Trade dislocations expected to continue underpinning tanker markets The 'shadow fleet' of vessels that are often used to ply trade carrying Russian oils may become almost solely devoted...
PSA volumes dip back from record highs Throughput at PSA International's terminal portfolio fell back last year, but performance reflects only a minor fall from a record-breaking...
Daily Briefing Cargill deserves first-mover advantage from methanol-fuelled bulker gambit | Green methanol start-up secures capital from Maersk | The Lloyd's List...
Shanghai Waigaoqiao wins $630m PCTC order from Grimaldi The Grimaldi Group has placed its second order relating to pure car and truck carriers with Chinese shipbuilders within the...
Fredriksen raises Euronav stake as board showdown looms John Fredriksen takes advantage of cheaper Euronav stock, buying up 5m shares in the wake of his decision to scuttle...
Wallenius Wilhelmsen wins €9m in EU funding for wind-powered ro-ro Horizon Europe backs the 11-partner consortium aiming to get wind-powered car carrier capable of carrying 7,000 vehicles operating by late 2026
Norwegian naval officer denies charge over tanker collision The Norwegian frigate Helge Ingstad sank and was scrapped after the accident off the island of Fedje
En-bloc deal rumours swirl in product tanker markets Glencore's shipping arm, Tsakos Energy Navigation and Navios Maritime Partners are said to be offloading middle-aged tankers
International Group's reinsurance cover impacted by Russian exclusion clauses Reinsurers have introduced exclusion clauses for the Ukraine, Russia and Belarus
Cocaine found on MSC container ship after it suffered hoax bomb threat Bizarre combination of incidents involving the MSC Lorena took place off the Netherlands and Belgium
Shipping prepares for 'complex' trades with new oil price caps Officials are discussing price cap levels for a second-wave of economic sanctions to be introduced on 5 February
Angelicoussis and CMES seal 'smart' VLCC charters as spot rates plummet Big-name owners find three-month deals to insulate earnings from falling spot levels
QatarEnergy embarks on round two of huge LNG carrier newbuilding plan Producer could move on up to 40 vessels within 2023 leaving other buyers with slim pickings on berths
Short-haul shock: product tanker rates chopped as Europe rushes to beat Russian ban Atlantic basin earnings down 23% in a week ahead of 5 February cut-off
Inui Global Logistics orders two more bulk carrier newbuildings Japanese handysize specialist's newbuilding programme valued at around $170m
Charting the $63bn-per-year cost to trade from climate change New online platform will attempt to assess the spill over effect from damage to ports
Poten tips VLCCs to return to the top of crude tanker heap Broker says increased oil demand from China should banish the woes of 2022 for the largest carriers
Buquebus asks Incat to switch ferry order from LNG power to battery The 13,000-gt aluminium-built ropax will be world's largest, lightweight, zero emissions ferry operating on any route when delivered
Pelagic bets on negative fleet growth as it buys LR tanker from Hartmann Cyprus owner seals purchase from German owner run by one of its co-founders
China's SAIC Anji orders seven large car carriers for record price apiece The company is said to have paid more than $100m each for the 8,900-ceu carriers - a record high level
Bosphorus blocked as bulker goes aground with Ukrainian cargo Tugs called in to help refloat the MKK 1 on Monday
Vitol completes exit from giant Russian project Vostok Oil Commodities group reveals it had agreed a deal to sell out in July
Staying put? Fredriksen buys $74m of Euronav stock after dumping merger deal Shipping tycoon surprises the market by increasing not cutting his stake in Belgian tanker company
Death of UK marine pilot prompts fresh calls for action on safety Latest incident occurred during transfer to Finnlines ro-ro in Humber Estaury, says trade body
Anthony Veder takes stake in Germany's new Lubmin LNG terminal Third small-scale vessel from Dutch owner to join cargo shuttling action between FSU and FSRU
Resorts World Cruises acquires cruise ship from Genting Hong Kong Lim-family controlled cruise company boosts fledgling fleet to two ships
Australian Independent Shipbrokers to auction abandoned livestock carrier Federal Court of Australia sets February auction date for the arrested Yangtze Fortune.
Malaysia says it may stop palm oil exports to EU over deforestation rule Southeast Asia nation says it will discuss the matter with fellow producer Indonesia before coming to a decision
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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