Inmarsat doubles network usage, plans to launch new satellites Connectivity services provider Inmarsat has honed in its efforts to expand and strengthen its already impressive services. This and more will be explored in an exclusive free webinar airing at 1 p.m.
Svitzer and Caterpillar in methanol MOU Focusing on solutions that will enable it to utilize dual-fuel methanol engines in its fleet, the Maersk Group's towage operator, Svitzer, has signed a Memorandum of Understanding (MOU) with Caterpillar Marine, that
Hijacked tanker found: Crew safe A Singapore-registered tanker boarded by unidentified persons on April 10 and missing since then has been found, with the crew all safe. The hijacked tanker, the 6,135 dwt products tanker Fortune 9,
Valenciaport seeks tenders for remodelling of East dock for railway motorway development The Port Authority of Valencia (PAV) has put out tenders for the remodelling of the Port of Valencia's East dock track yard for the building of a rail motorway. The remodelling's goal is to complete the civil works and installations required for the subsequent installation of a gantry crane, which will allow the operation of a new combined transport terminal capable of loading and unloading lorry
Union actions continue to disrupt operations at LA-LB terminals Trade concerns over an impasse between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) regarding contract negotiations at the ports of Los Angeles and Long Beach are heightening. PMA represents employers of the shipping community using the US West Coast. "ILWU Local 13, the union's largest local on the West Coast, has continued to disrupt operatio
Box lines step up calls to Indian subcontinent and Middle East amid manufacturing shift Shipping lines have been creating services in the Indian sub-continent and the Middle East as these regions are now creating hubs for manufacturers, and there is the infrastructure to support ocean transport, according to Container xChange's latest monthly report. Amid rising geopolitical tension
Panagiotidis to buy $19.5m worth of shares in Castor tanker spinoff Toro Castor Maritime's Nasdaq-listed tanker spinoff Toro is selling 8.5m shares for $19.46m to Pani Corp, a company controlled by its chairman and CEO Petros Panagiotidis. The net proceeds will be used by the owner of eight tankers for vessel acquisitions, including fleet renewal, and for other capital expenditures, working capital, and general corporate purposes, or ...
DEME to roll out new wind turbine installation method by 2027 Belgian marine contractor DEME has teamed up with Denmark-headquartered wind turbine lifting and transportation specialist Liftra to develop a new way to install the next generation of offshore wind turbine generators. The deal will see Liftra LT1500 crane technology with two cranes working in parallel fully integrated on board DEME's vessels such as Orion or ...
Splash launches in-depth shipmanagement magazine Today sees the launch of the first of four planned Splash special reports for 2023. The brand new 68-page Splash Shipmanagement Market Report takes the pulse of the sector ahead of what will unquestionably prove to be a tumultuous few years ahead. Shipmanagement has been though its own period of consolidation over the past decade, ...
Rotterdam floats site for 1 GW green hydrogen plant The Port of Rotterdam Authority is developing a site on the Maasvlakte suitable for the construction of a very large green hydrogen plant as part of the tender for the IJmuiden Ver wind farm later this year. In late March, Dutch Minister for Climate and Energy Rob Jetten announced the draft ministerial regulations for IJmuiden ...
Norden looks to drive down emissions using carbon insetting Norden will begin to issue carbon inset tokens with the aim of supporting the decarbonisation of customer supply chains. Carbon insetting is the transfer of environmental benefits derived from initiating low-carbon transport activities to other players in the supply chain, regardless of physical operations (Scope 3). The Danish owner and operator has teamed up with ...
Wisdom Marine readies $96m for Japanese handysize newbuilds Taiwanese shipowner and operator Wisdom Marine is adding more Japanese handysize bulkers to its orderbook. In a regulatory filing, the Taipei-based company said it would pay $96m for a trio of 40,000 dwt units to be built at Saiki Heavy Industries of the Onomichi Dockyard. The country's largest dry bulk shipowner has over 130 vessels ...
Bourbon forms Guyanese offshore vessel venture with local company French offshore vessel player Bourbon has formed a joint venture in Guyana in which the local company Tethys Marine & Logistics will be a majority shareholder. Bourbon Guyana, which has operated in the country since 2019 and supported ExxonMobil and Saipem in the development of the Stabroek field, will be 51% owned by Tethys going ...
G7 pushes for intermediate GHG targets for shipping The ongoing decarbonisation of international shipping formed a plank of an extensive 36-page communiqué issued yesterday from Sapporo in Japan where G7 climate, energy and environment ministers had been meeting. The group reaffirmed their commitment to strengthen global efforts to achieve greenhouse gas (GHG) lifecycle zero emissions from international shipping by 2050 at the latest. ...
Significant fleet expansion at Uni-Tankers Denmark's Uni-Tankers is pressing ahead with significant expansion of its stainless steel fleet, announcing four new time charter ships and the purchase of the Marex Now, which had been on charter, and will be renamed next month. Uni-Tankers signed a new deal with the previous owners of Marex Noa to build two new sister vessels ...
Cadeler scores Siemens Gamesa contract for wind turbine installation off Denmark BW Group-backed offshore wind construction player Cadeler has signed a contract with Siemens Gamesa for the transportation and installation of turbines at the Aflandshage offshore wind farm in Denmark. The contract covers 26 turbines of 11 MW capacity and comes at a day rate above €375,000 ($411,645). The installation will begin in 2026 utilising one ...
The UK's offshore wind vessel industry: lots of talent, not enough skill The idea of a UK-designed, -built, -owned, -flagged, -managed, and -crewed offshore wind vessel fleet is being pushed further and further out of reach, writes Ian Baylis, founder of UK wind farm vessel support operator Seacat Services. Because while there is an abundance of talent in the UK, for several reasons, there is not an ...
Vopak pulls out of Hong Kong FSRU investment deal Dutch tank storage specialist Vopak has abandoned plans to invest in a floating storage and regasification unit (FSRU) in Hong Kong. Under a deal from December 2021, Vopak had the option to take a stake in the vessel-owning company of the 2017-built MOL FSRU Challenger, to be renamed Bauhinia Spirit. However, in its latest LNG ...
TotalEnergies faces UK North Sea workers' strike Around 70 offshore workers employed by TotalEnergies are being balloted on strike action, Unite the union has confirmed. Unite members based on the Elgin Franklin and North Alwyn platforms, along with the Shetland Gas Plant, are being balloted on strike action as part of what is being described as a 'tsunami' of industrial unrest in ...
Adani adds port in Puducherry Adani Ports and SEZ (APSEZ) has acquired Karaikal port in Puducherry bringing its portfolio to 14 ports across India. It is the only major port between Chennai and Tuticorin, and its strategic location allows the port easy access to the industrial-rich hinterland of central Tamil Nadu. The port has a 14 m water draft and ...
Oceanica adds another Chevalier vessel Brazil's Oceanica has picked up an accommodation vessel CF Aurora from Chevalier Floatels. The 2009-built vessel adds to the previously acquired sister vessel CF Fortune. The Dutch-based Chevalier purchased both laid-up PSVs from Havila Shipping last year for conversion into walk-to-work units. However, multiple brokers reported the units have now been picked up by Oceanica ...
Missing tanker found off Ivory Coast, all crew safe The , a Singapore-flagged bunker tanker boarded by pirates off Ivory Coast on April 10, was found over the weekend with all crew reported safe. Another tanker in the area was able to pick up the Success 9's distress call, at which point an Ivory Coast navy patrol ship was deployed to the scene. Security ...
SEA-LNG defends shipping's methane emissions SEA-LNG, the lobby group promoting LNG as an alternative shipping fuel, has hit out at a new NGO, Say No to LNG, which launched to plenty of headlines at the start of this month. SEA-LNG argued that the new NGO has based its campaign on a false contention, suggesting the industry is hiding the issue ...
Emarat Maritime pounces for four ultramaxes In the bulker sector, Emarat Maritime has placed an order for four 63,000 dwt ultramaxes at New Dayang Shipbuilding, due for delivery in Q2 and Q3 2025. Banchero Costa reports that the Dubai owner stepped in to take the four newbuild slots at the Chinese yard after Marine Capital failed to conclude a letter of ...
Evalend in for suezmax pair In the tanker sector, Clarksons Research is reporting South Korea's Hyundai Samho Heavy Industries has won an order for two 158,000 dwt suezmaxes, placed Evalend Shipping and due for delivery in the first half of 2025, comparatively early delivery slots. The British broking giant reports Evalend is paying $86.26m per ship, which will come with ...
Russian crude mark-ups may reduce availability of price-cap compliant tankers Tanker owners engaged in shipping Russian oil that is compliant with the price cap could be squeezed out of the...
US warns about oil export sanction evasion from Russian eastern ports Shipowners, insurers and registries warned on due diligence, signalling possible compliance crackdown for maritime industry
Nakilat first quarter underpinned by robust demand for LNG shipping An increase of 5.3% in revenues was offset by higher finance charges, Doha-listed company says
Gard warns of dark fleet danger as number of uninsured ships rises More than two thirds of tankers deployed in oil trading for Venezuela, Iran and Russia are not covered by the...
Black Sea Grain Initiative facing ongoing disruption The UN has confirmed that issues regarding the vessels that are to be registered and inspected are disrupting the Joint...
The Lloyd's List Podcast: Is it a good time for a dry bulk shipping merger? Scale via a merger is a useful way to tackle new emission rules and increasing sanction risks, which are among...
Chevron and Angelicoussis partner to examine ammonia transport Study to evaluate ammonia transport market, existing infrastructure, safety aspects, potential next-generation vessel requirements and a preliminary system to ship...
Chevron and Angelicoussis partner to examine ammonia transport Study to evaluate ammonia transport market, existing infrastructure, safety aspects, potential next-generation vessel requirements and a preliminary system to ship...
Hull claims data proves reassuring, but boxships buck trend Fires remain serious issue in terms of risks to crew and cargo, but less so from the point of view...
Rotterdam offers site for green hydrogen plant Dutch port aiming to become a hydrogen hub with local production as well as imports, in line with EU plans...
Box terminal operators look to recovery after weak 2022 Rising costs and falling revenues do not make for a healthy business. But tariff increases and falling fuel costs should...
Vintage chemical tanker and 25-year-old boxship sold for recycling Prices being offered by vessel recyclers remain firm with Bangladesh continuing to lead the market
Pacific Basin says minor bulk demand could be hit by weakening economies While the minor bulks market has been robust so far this year, weaker economic activity in the US and Europe...
Türkiye cancels Bureau Veritas accreditation after court order The classification society has lost its accreditation in Türkiye after a court case involving a local shipowner
Rising spot rates a sign of container market normalisation After the boom came the bust. Now carriers and shippers are working toward finding a new normal in the wake...
The week in newbuildings: Market takes a temporary pause Just three contracts recorded in the past week following a pause in activity owing to the Easter break
Watson Farley & Williams opens Tokyo office Partner Simon Collins relocates from Hong Kong to head expansion of WFW's global network
The week in charts: Premiums paid for eco-boxships | LA port has 'soft' first quarter | Europe's ro-ro sector ready for decarbonisation Container freight demand continues to retreat, Australia could resume barley trade to China, and Singapore bunker sales rebound in March
CIMC expects impact of decline in demand The fall in profit caused by sluggish global trade growth and weak container demand
South Korea's Supreme Court rejects GTT appeal on licensing practices Supreme Court rejects French company's appeal filed against an earlier decision confirming its obligation to separate the technology licence agreement...
Daily Briefing The Wimbledon effect should see London still dominate maritime legal market | PMA says 'illegal actions' continue to disrupt operations...
Container glut hurt J.B. Hunt, other intermodal providers in Q1 Intermodal providers began idling thousands of domestic containers when demand fell sharply in the first quarter, causing an equipment glut across the US.
MPV sentiment improves even as short-term demand softens Multipurpose carrier analysts report short-term rate softening and a looser spot market, but there is confidence in longer-term energy and renewables demand.
Ocean carriers showing signs of resilience despite freight rate plunge: analyst Despite the sharp decline in ocean freight rates, current market fundamentals point to carriers, to some degree, becoming better at pricing and yield management than they were prior to the pandemic, writes analyst Lars Jensen.
Rising capacity prompts 'tough freight war' on Japan-US trade Forwarders said the capacity increase is due to carriers no longer skipping or blanking calls at Japanese ports following the normalization of demand and the easing of port congestion in the US.
China's coal imports double as country's manufacturing returns to life China brings in 102m in coal during first quarter, aiding bulker market
Nigeria force majeure declarations latest setback for suezmax market Strikes at oil terminals in the West African country pushes ExxonMobil to declare force majeure at four oil terminals
Pacific Basin Shipping will keep selling as asset prices keep rising Owner-operator has cash to invest in vessels, but sees better opportunities as a seller
US fires warning shot over Russia price cap breaches Office of Foreign Assets Control highlights tactics of AIS spoofing and false documents to disguise trades
Ridgebury Tankers down to three vessels after turning $19m profit on suezmax Bob Burke-led outfit continues to monetise investments amid strong sentiment for secondhand tonnage
'Rehashing existing flawed analysis': SEA-LNG slams new anti-LNG group New body 'Say No to LNG' accused of cherry-picking data and falsely claiming that industry is hiding its methane emissions
Eagle Bulk heading for huge profit from sale of supramaxes bought in 2021 Two-year bulker investment pays off for US-listed shipowner
Cruise giants line up for appeals court help in $451m Cuba battle World's four largest cruise groups lodge challenges to judgment holding them liable for using docks nationalised in the Cuban Revolution
Bourbon joint venture becomes first domestic OSV operator in Guyana French giant teams up with local operator to capitalise on growing oil and gas market
Bulker outlook may be clouded by droughts as El Nino looms World weather pattern swinging towards warmer temperatures, experts believe
MSC resumes buying spree as container ship charter markets thin out Tonnage providers push for better terms as box markets recover
LNG shipping market to 'tighten quite sharply' from 2026, Fearnleys says Brokerage describes securing a 2027 newbuilding slot as "difficult"
UK warns of oil cargo seizures over Russian oil mixing Government urges industry to carry out proper due diligence to ensure a ban on Russian oil imports to the UK is not breached
Germany has second thoughts on Hamburg port sale to Cosco Government to review 2022 decision to allow Chinese group to buy into one of HHLA's three terminals
Period rates prosper as Gunvor and Saudi Aramco move for product tankers Navios and Chinese lessors among the names fixing out vessels in strong clean markets
WFW continues Asian expansion with Tokyo opening and new hires London-based law firm moving Simon Collins across from Hong Kong and has added Keisuke Imon
Dubai's Emarat Maritime breaks 15-year order drought with up to eight bulker newbuildings in China Dry bulk shipowner orders four firm vessels plus options for additional four ships at New Dayang Shipbuilding
One-year car carrier charters double previous record at $110,000, Clarksons says But UK shipbroker warns ordering is now at all-time high as well
Shell and Singapore's MPA team up together on electric dreams Energy major participates in the electrification city-state's maritime sector as first electric ferry is unveiled
Fearnley Securities raises product tanker estimates ahead of 'superb' second half Analysts say earnings are holding at much stronger levels than expected
Shipowner Norden teams up with climate tech firm to offer carbon inset tokens Danish shipowner and operator signs up with 123Carbon to monetise emissions reductions from biofuels voyages
Nakilat inches up profit in 'challenging economic environment' Qatari shipowning giant said there has been 'robust demand' for its LNG shipping services
IMO under pressure as G7 commits to zero shipping emissions by 2050 Member countries aim to establish 14 green shipping corridors by middle of this decade
New Zealand raises 'concerns' after Singaporean container ship breaks down Inspection taking place on the Shiling after it lost power at the entrance to Wellington
Western shipping increasingly 'confident' in lifting Russian oil, despite price hike Shipbroker Gibson warns owners are entering 'grey zone' of compliance as prices rise
BW's Cadeler charters out wind farm ship at more than $410,000 per day Oslo-listed owner using WTIV to transport and install 26 turbines for Hofor off Denmark
Uni-Tankers expands stainless-steel fleet with ship purchase and charter deals Deals comprise purchase of chartered-in ship long-term charters for newbuilds and existing tonnage
Seacon Shipping orders two multi-purpose vessels for around $83m The newbuildings form part of the company's fleet renewal and expansion effort
Auditor questions Sealink's ability to 'continue as a going concern' But OSV shipbuilder disputes findings and said 2022 had been year of 'commendable growth'
Container shipping sees signs of a bottom (at least, for now) Jefferies' Omar Nokta believes container shipping investors are starting to look toward "the end of the destock and beginning of the restock."
Israeli firm to convert Boeing 777s for cargo in South Korea Israel Aerospace Industries has added a second overseas facility to carry out passenger-to-freighter conversions of the Boeing 777-300.
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