VIDEO: Candela to start serial production of 30-passenger foiling ferry Stockholm, Sweden, based Candela Technology AB reports that its P-12 Shuttle foiling ferry vessel has successfully completed flight tests and will enter serial production at its Rotebro factory. In a pilot, the
New U.S.-built trawler-processor Arctic Fjord starts sea trials Arctic Fjord, the first new trawler-processor for Alaskan pollock to be built in the U.S. in over three decades is now undergoing sea trials in the Northern Pacific. Ordered from Houma, La.,
OFAC sanctions three more Russian oil price cap busters The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today imposed sanctions on three entities and identified as blocked property three vessels that used Price Cap Coalition service providers
SWITCH raises $10 million to expand its zero-emission ferry fleet Zero-emission ferry developer SWITCH Maritime LLC has raised $10 million in a Series A round led by Nexus Development Capital to grow its fleet of battery and hydrogen fuel cell powered vessels.
deugro opens new operations and logistics terminal in Texas Freight forwarding specialist deugro has announced the opening of a new 8,990 m² operations and logistics terminal in Baytown, Texas, US. Located in Baytown, this facility contains 29,500 m² of paved and fenced hardstand, suitable for container and cargo storage across various industry verticals, according to deugro. "Adjacent to the Port of Houston, deugro is starting a new chapter of growth and
Bolloré Logistics and Sarcona to use electric truck for the last mile delivery in New York Bolloré Logistics and its partner Sarcona will launch a new sustainable logistics service with the commissioning of an electric truck to deliver the last mile between New Jersey and New York in the United States. This truck, made in the US, has a range of 200 miles and will run 359 days a year between Bolloré Logistics' distribution centre in Ridgefield and the customer's retail network in the he
First electric inland vessel to sail with ZESpacks in the Netherlands Port of Rotterdam announces that the first inland vessel driven entirely by ZES technology is scheduled to travel with zero emissions between Den Bosch, the Maasvlakte, and Moerdijk in the Netherlands in April. A fixed battery package will be fitted for electric sailing with standard 20-foot modular energy containers (ZESpacks). The Den Bosch Max Groen is a 90-metre-long vessel and was prepared f
Demolition to stay in the doldrums Any expectation that capacity will be removed from the market over the coming year is being scotched by market analysts who say that the age profile of vessels points to depressed scrapping over the coming year. Only 82 boxships have been scrapped to date in 2023, amounting to just 145,50 TEUs, which has been more than offset with 40 ships of 247,441 TEUs delivered over the last 30 days alone, ac
cargo-partner joins United Nations Global Compact Global transportation and logistics provider cargo-partner has joined the UN Global Compact, a United Nations project that encourages businesses throughout the world to adopt and report on sustainable and socially responsible practices. The UN Global Compact is a voluntary project which motivates companies to align their plans and operations with universal human rights, labor, environmental, and
MSC, FS to strengthen Italian rail network and build new terminals through new company MSC and FS Italiane have agreed to form a new company specializing in intermodal transport and logistics, to design, build and operate new cargo terminals at sites controlled by the two groups in Italy. The primary goal of the new partnership is developing intermodal sea and rail transport with greater and more effective synergies to expand the freight transport logistics network to and from Ital
Hapag-Lloyd announces Asia-West Africa service update Hamburg-based container line Hapag-Lloyd has decided to upgrade its Asia-West Africa (AWA) service, effective from 5 December. The German ocean carrier said it will establish "an extended port coverage from Asia to South West African ports". The new rotation will include direct port calls in Kribi, Cameroon and Walvis Bay, Namibia. The updated port rotation of AWA service will be Qingdao (China)
Port of Long Beach handles over 755,000 TEUs in October Port of Long Beach saw 755,150 TEUs in October, representing a 14.7% increase from October 2022. The Californian port's imports rose by 23.6% to 363,300 TEUs, while exports decreased by 24.8% to 90,073 TEUs. At the same time, empty boxes moved through the Port of Long Beach increased by 23.3% to 301,777 TEUs. According to the US West Coast port, cargo entering through the port in October grew for
Hapag-Lloyd to increase rates worldwide in December Hapag-Lloyd has announced rate increases in several routes across the world, which will take effect in the next month. The German carrier will implement a general rate increase (GRI) from several countries in Asia to the West Coast of Latin America, Mexico, Caribbean and Central America. The following GRI will be effective from 1 December for cargo transported in dry and reefer containers, includ
Mumbai Maersk sets new draft record at Port of Felixstowe The 20,568 TEU container ship Mumbai Maersk has set a new record for the deepest draft vessel to call at Hutchison Ports Port of Felixstowe. The vessel, deployed on Maersk Line's AE10 service between Europe and Asia, arrived on 11 November from Bremerhaven, Germany to the UK port with a draft of 16.8 metres and sailed 24 hours later with a draft of 17 metres. The record was set just four weeks af
CMA CGM introduces congestion surcharge in South Africa French ocean carrier CMA CGM has announced a new port congestion surcharge (PCS) in South African ports due to the ongoing congestion in the region. CMA CGM will implement a PCS of US$200 per TEU to Port Elizabeth, Durban and Cape Town, effective from 3 December. The surcharge will apply to dry and reefer containers arriving at the three South African ports from all the origins across the world,
India mulls outsourcing mooring services to improve port charges for carriers In a significant policy modification that could spark labour pushback, the government of India is exploring a proposal to enable major port authorities to outsource many of their in-house services, especially pilotage and towage activity, for greater efficiency and cost improvements for users. The move comes amid persistent calls by industry stakeholders, particularly ocean carriers, to lower mar
Splash releases Hong Kong magazine Ahead of the upcoming Hong Kong Maritime Week, Splash today launches its latest magazine - a 56-page assessment of where this Special Administrative Region sits on the global maritime map. Traditional trading entrepôt on the doorstep of China, Hong Kong continues to enjoy prominence as a major maritime hub not only due to its high ...
GasLog clinches $2.8bn sustainable refinancing deal US-listed Greek liquefied natural gas (LNG) shipping player GasLog has landed a $2.8bn sustainability-linked financing deal. The five-year agreement with 14 banks refinances all outstanding debt of $2.1bn secured by 23 LNG carriers across both GasLog and GasLog Partners. The loan, in which Citibank and BNP Paribas acted as joint coordinators, is linked to decarbonisation ...
Semco Maritime wins long-term service contract at German offshore wind farm Denmark's Semco Maritime has won a 10-year service contract from Siemens Gamesa for the 288 MW Butendiek offshore wind farm in the German North Sea. The work covers operations and maintenance on the wind farm located around 32 km from the Island of Sylt near the German-Danish border. Project operations will mainly take place from ...
Fugro secures work on Lithuania's first offshore wind farm Fugro has secured a contract to carry out a geophysical survey at Lithuania's first offshore wind farm site. Ignitis Renewables has tapped the Dutch surveyor to support the 700 MW project it is developing together with Ocean Winds, a joint venture between Engie and EDP Renewables. The offshore wind farm development is located some 30 ...
Global One Energy signs for MR quartet at Yangzijiang Swiss trader Global One Energy (Gloen) has signed up for four MR tanker newbuilds in China. Multiple brokers named the Geneva-headquartered firm behind a $180m order for 50,000 dwt product tankers at Yangzijiang Shipbuilding. The vessels will be delivered during 2026 and 2027. According to shipbuilding databases, the company, established in 2009, had earlier ordered ...
Grow your business in 2024 with Splash Teams involved in communications for maritime companies can today make plans for 2024 and 2025 with myriad brands connected with Splash. The Splash team have today unveiled their line-up of magazine titles for the next two years as well as confirming dates for events next year. In terms of events, Geneva Dry, the world's premier ...
Nationwide protests add to Panama woes It's not just drought in Panama that is giving supply chain planners pause for reflection, the Central American nation is also reeling from the largest protests in the western hemisphere, action that has affected rail, roads and ports over the past month. Protests that began over a mining contract with a Canadian company have rocked ...
Oceaneering awarded Australian contract Oceaneering's unit in Australia has secured an inspection, maintenance, and repair (IMR) and survey contract from an undisclosed energy major. Under the contract with an undisclosed value, Oceaneering will mobilise in mid-November to carry out the work scopes that include the provision of remotely operated vehicle (ROV) and survey personnel and equipment, subsea inspection, onshore ...
United Maritime seals sale and leasebacks for capesize trio Nasdaq-listed Greek bulker owner United Maritime has secured $30m sale and leaseback financing for its three capesize vessels to sort out upcoming loan maturities and bolster liquidity. The Stamatis Tsantanis-led spinoff of Greek capesize pure-play Seanergy Maritime has entered into three separate and identical $10m sale and leaseback deals with an unnamed Chinese lessor for ...
MSC bolsters Italian rail position Mediterranean Shipping Co's (MSC) increasing focus on European rail is gaining speed. The world's largest containerline has just formed a new company with Italy's state-run Ferrovie dello Stato Italiane to expand the freight transport logistics network between ports in Italy and the rest of Europe. "The collaborative effort will enable the creation of new terminal ...
Sanmar Shipping looking to add eight ships India's Sanmar Shipping has announced plans to add eight ships to take its fleet to 20. The shipowner, a subsidiary of chemical company Chemplast Sanmar, recently opened an office in Singapore. As of today the Sanmar fleet is composed of 10 product tankers and two LPG carriers, all flagged in India. The shipowner traces its ...
UK government raises offshore wind subsidies by 66% The UK government has increased the maximum price for offshore wind projects in its flagship renewables scheme. Following an extensive review of the latest evidence, including the impact of global events on supply chains, the UK government has raised the maximum price offshore wind and other renewables projects can receive in the next Contracts for ...
Odfjell Drilling semi-sub gets more time with Equinor Norwegian energy major Equinor has exercised options for seven wells for Odfjell Drilling's semi-submersible for work on the Breidablikk field. The exercised options are planned to start in the mid-first quarter of 2025 in direct continuation of the current firm period and extend the firm backlog on the Deepsea Aberdeen to the end of the ...
The training racket and the seafarer Andrew Craig-Bennett bemoans our industry's misguided approach to training. There is a dangerous idea - common amongst those who speak of human resources - that training can solve all sorts of problems with the manning of ships. Indeed, more training is a standard recommendation for almost anything. Calling for more training is easy - and ...
US sanctions three more tankers over Russia price cap breaches The US Treasury has slapped sanctions on three more ships it accuses of breaching the G7 price cap in a...
Shipping must switch to renewable hydrogen fuels by 2040 to hit IMO targets, Lloyd's List webinar hears IMO's more ambitious climate targets will position the shipping industry to succeed in its green transition, according to panellists on...
UK Club confirms general increase for members The insurance price rise comes in at upper end of going rate. At the same time, the Thomas Miller-managed marine...
Ship berths in Türkiye after Black Sea collision incident No crew were injured but reports say both ships were damaged
Shipping companies failing to set science-based climate targets Prominent shipping companies are still failing to set science based net zero targets, despite the International Maritime Organization's ambitious greenhouse...
Braemar doubles underlying profit after drawing line under 'unspecified' historical transactions 'The internal independent investigation commenced in late June 2023 has now been completed. It was time consuming and complex,' said...
ONE's first dual-fuel boxship orders take shape in China Sources say ONE is deep in talks with Jiangnan Shipyard and Yangzijiang Shipbuilding in relation to building contracts for six...
Hamburg reports volume rise in third quarter An increase in North American trade has helped pull up Hamburg's nine-month performance. But volumes are still down across the...
China's Huarong Leasing backs United Maritime's aged capesize trio Vessels will be sold then bareboat chartered back for three years, with buyback options starting six months post-commencement at predetermined...
Holiday retail lifts port of Long Beach in October Long Beach's October volumes are an improvement on both the depressed levels of the same stretch last year when the...
Daily Briefing Talks underway for Denmark 'to stop and inspect' sanctions-breaching tankers from Russia | Marsh scheme could cut Ukraine war risk...
Oversupply weighs heavily on US truckload market, keeping prices in check Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand.
MPV indices from Toepfer, Drewry continue down different paths While long-term optimism supports the MPV market, industry analysts see short-term divergence in time charter rate averages.
Intermodal savings poised to remain steady through end of the year: ISI Shippers saved nearly 26% using domestic intermodal instead of highway options in the third quarter, approximately in line with long-term averages.
US imports from Asia hit 2023 high in October despite muted peak season While October is typically one of the busiest months of the year for West Coast ports, the region's market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the eastbound trans-Pacific.
Penfield Marine in play? Maersk Tankers said to have snapped up Connecticut pools power Management known to have been seeking buyers for tanker outfit in recent months
Control issues: if you want to do shipping M&A, find the big shareholder Evercore expert tells forum how his life mostly is made more difficult by shipping's unique structures
Panamax bulkers hit seven-month high as healthy volumes meet tight demand, analysts say Average spot rates maintain steady ascent that began a week ago
Why Bob Burke punted on raking in $1m a month, and how he'll find some new cheese Selling your ships for big profits is tougher than it might look, executives tell finance forum
US turns up price cap pressure with sanctions against Sovcomflot tankers US Treasury Department puts three of the Russian shipowner's vessels on blacklist as enforcement steps up
Celestyal reveals buying Carnival ship in 'crazy' Med cruise market Upheaval in the Middle East fails to discourage Greek operator from replenishing its fleet after Covid-19
Cadeler 'in a good place' with tender progress on Eneti merger Wind specialists on track to close shareholder deal and begin trading next month
Streetwise: Scorpio Tankers is living the dream, but first it had to wake up from a nightmare This week's Streetwise examines the product tanker giant's move to reward shareholders after digging out of heavy debt
Louis Dreyfus looks to the skies for unloading solution using airships Giant helium-filled vessels will avoid problems offloading oversized cargoes in remote areas
Uncle Sam is watching, and he wants your records on the Russia price cap Due diligence measures recommended by authorities go well beyond 'attestation'
Warning issued as Soviet gas masks containing asbestos found on bulker Paris MOU says seafarers should beware the use of vintage equipment
Nordic American reveals spot suezmax deals at up to $90,000 despite wider slump Herbjorn Hansson company busy fixing as activity picks up
Is the fate of container shipping in the hands of Gianluigi Aponte? Veson analyst Daniel Nash believes MSC's strategy is key to container shipping markets
Banks are back as GasLog claims record with $2.8bn sustainable refinancing deal Greek LNG carrier firm taps 14 banks for huge sum linked to eco and gender diversity performance
Marshall Islands to get wind-powered solution to help decouple from international bunker prices Vessel being built in South Korea with design and funding coming from Germany
MPC Capital profits halve despite flurry of shipping deals Asset manager maintains full-year guidance as shipping transactions prop up revenues
Russia price cap nations push for more detail on shipping documents Reports suggest EU following line issued by US over details of shipping costs for Russian oil
Subsea 7 bottom line rises with conventional oil and gas business leading the way Kristian Siem-backed offshore company argues there is plenty of work in renewables still
Economou comes up empty-handed again as Performance offer stretched to March Greek owner settles in for long haul in seemingly impossible bid to oust Palios family
Termination fees to kick in as BW's Cadeler sees wind farm deal scrapped Danish shipowner also fixes €50m green loan to finance newbuildings
Hoegh LNG prowls for fresh FSRU business as units kick off charters Norwegian owner has locked away all its regas vessels on long-term business
China Merchants splashes out on eight newbuildings Owner orders PCTCs and bulkers
Braemar hails 'virtuous circle' of recruitment as broker numbers jump 6% Chairman Nigel Payne says brokerage's growing reputation draws in higher-calibre staff
China's ZEME grows with MSC carbon capture plan and Greek scrubbers The low-profile marine technology unit of China's Zhejiang Energy Group (ZEG) makes outing in Piraeus
Torm banks $76.5m as brokers identify series of recent LR tanker sales Danish owner was busy selling ships as it pursued fleet deals
Braemar takes £2m hit after probe into deal commissions but underlying profit doubles London-based broker will also book costs of £2.5m in current financial year after completing investigation into historic transactions
Sohmen-Pao continues Oslo exit with BW Ideol take-private move After lamenting the state of Oslo equities markets, the Singaporean has moved to delist two of his companies
In pictures: Anyone for tennis? Eastern Pacific nets first LNG dual-fuel car carrier, replete with mod cons Car carrier is believed to be the first commercial ship to have a padel tennis court on board
Economou VLCC linked to Vitol Venezuelan tanker fixture Move is a signal that a softening of US sanctions is freeing up the Latin American country's exports, say analysts
Anyone for tennis? Eastern Pacific nets first LNG dual-fuel car carrier, replete with mod cons Car carrier is believed to be the first commercial ship to have a padel tennis court onboard
Pacific Radiance plots fundraiser as it eyes return to OSV ownership Company says there are opportunities in the market to acquire vessels, but it needs fresh capital
China and global trade: Why stimulus is MIA and risks are rising The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.
GlobalX Airlines defies cargo trend with fleet strategy Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft.
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