VIDEO: Mark W. Barker refloated after grounding The 639-foot Great Lakes bulker Mark W. Barker ran soft aground at 8.00 am today in the Detroit River off Belle Isle, the U.S. Coast Guard's Ninth District tweeted this morning, noting
Military Sealift Command speaks to suppliers and service providers at Ship Repair USA On Day 2 of Marine Log's inaugural Ship Repair USA conference taking place June 20-21 in New Orleans, La., the Military Sealift Command (MSC) will be hosting several presentations aimed at shipyard and ship
Three Stena Bulk vessels to be reflagged for Tanker Security Program MARAD has selected three Crowley-managed tankers to participate in the Tanker Security Program. The three medium range (MR) tankers are part of a joint venture between Crowley and Stena Bulk USA. The
KiwiRail's new InterIslander ferries will feature LifeCraft evacuation systems Viking Life-Saving Equipment A/S reports that its LifeCraft vessel evacuation system is now set for installation on its first newbuild vessels. The system, first announced in November 2013, will serve as the
Allen & Overy signs zero carbon shipping agreement with Maersk Mc-Kinney Møller Centre The Maersk Mc-Kinney Møller Centre for Zero Carbon Shipping and global law firm Allen & Overy signed a cooperation agreement to formalise their partnership. With this agreement, Allen & Overy joins the Centre as a Knowledge Partner, committing to a long-term strategic engagement and commitment to the decarbonization of the marine industry. Global warming is a climate emergency, and all sectors, i
Global Ports brings two Liebherr mobile cranes into operation at VSC terminal Global Ports Group, a leading operator of container terminals in the Russian market, has installed two Liebherr LHM550 mobile harbour cranes at its Far Eastern terminal Vostochnaya Stevedoring Company (VSC), which is located in the deep-water port of Vostochniy in Primorskiy krai, Russia. The new heavy-duty equipment supports the operation of VCS's five STS cranes, increasing vessel handling spee
ZIM invests in Spinframe Israeli ocean carrier ZIM, along with other investors, announced the initial closing of a US$8 million financing round in Spinframe. In particular, ZIM led this investment as part of its strategy to invest in early-stage companies involved in the digitalisation of supply chains. Spinframe develops vehicle-inspection systems based on artificial intelligence (AI), computer vision, and machine-learn
NYK concludes long-term charter agreement with German energy company EnBW NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg AG (hereafter EnBW), a German energy company. These four vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be completed in sequence during 2027. The 174,000 cubic meter capacity membrane-type1 tanks will be made of advanced insulatin
Maersk Innovation Centre starts to accelerate supply chain innovation at an enterprise level On 15 May 2023, Maersk formally launched its new global Innovation Centre. The team will concentrate on the whole logistics chain, utilising emerging technology, moving ideas from inception to impact, and building new workforce tools to enhance operational processes. Potential concepts will be tested as pilots and, if successful, will be launched as scalable solutions for clients. The Maersk Inno
Nelson Point Tug Haven upgrade project underway TAMS Group, western Australian based company, has been awarded the contract to build a new outer wall as part of the second stage of the US$48.1 million Nelson Point Tug Haven upgrade project at the port of Port Hedland. More specifically, the Nelson Point Tug Haven was constructed in 1985, and over time has deteriorated due to the impacts of cyclones, and wear-and-tear from more powerful and lar
ICTSI Cameroon adds eco hoppers to boost productivity Kribi Multipurpose Terminal (KMT), International Container Terminal Services, Inc.'s (ICTSI) operation in Cameroon, has seen a significant increase in productivity after introducing eco hoppers in its operations earlier this year. On 12 April, KMT achieved an operational milestone by handling 17,015 tons of clinker in 24 hours, equivalent to a throughput of 709 tons per hour. Since January 2022,
PSA BDP opens new office in Gdansk, Poland PSA BDP announced the opening of its first office in Poland. In particular, PSA BDP Poland sp.z.o.o. is located in Gdansk, a port city on the Baltic coast, and will be led by country manager, Agnieszka Mozdzierz. According to PSA BDP, Poland serves as a gateway to Central and Eastern Europe, thus the Gdansk office is strategically positioned to connect key central European transportation hubs. Th
Cabooter Group receives Kalmar's first completely electric reachstacker Following a six-month testing phase, Kalmar, a Cargotec company, has officially handed over its first completely electric reachstacker to long-term partner Cabooter Group. The reachstacker will continue to operate at Cabooter Group's Greenport Venlo intermodal terminal in the Netherlands' southeast. The Kalmar electric reachstacker, with lifting capabilities of up to 45 tonnes, increases cargo-ha
April container volumes increased by 13.34% at Saudi Ports Saudi Ports Authority (MAWANI) released container throughput, during April 2023 grew at an annual rate of 13.34% from 601,429 TEUs to 681,663 TEUs as per monthly statistics. Container data for last month further showed a 16.97% surge in exported volumes at 208,738 TEUs compared to
Black Sea grain deal gets two-month extension The Ukraine Black Sea grain deal has been extended for two more months. Turkish President Tayyip Erdogan first announced the extension on social media, which was later confirmed by Russia, Ukraine and the UN. UN Secretary-General Antonio Guterres has welcomed the extension, which came a day before Russia could have quit the pact that allows ...
Eagle Bulk boosts borrowing power US-based Eagle Bulk Shipping has bolstered its borrowing capacity by adding $175m to its existing credit facility with a reduction in margin and an extension in maturity by two years. The ammended deal totals $485m, comprised of a $300m term loan and a $185m revolving credit facility, and bears an interest rate of adjusted term ...
CoolCo fixes out LNG carrier New York-listed LNG carrier owner Cool Company (CoolCo) has chartered out one of its tri-fuel diesel electric (TFDE) vessels to an energy major in a multi-year deal. The Eastern Pacific Shipping-controlled company said the charter will start early next year after its redelivery for current employment, adding backlog through to 2027. Financial terms have not ...
Euronav names two new board members as another executive follows De Stoop to exit door Belgian tanker owner Euronav is getting two new independent board members while another member of its management board exits the company after this week's immediate departure of chief executive Hugo De Stoop. At its annual general meeting, the Brussels- and New York-listed firm approved Julie De Nul and Ole Henrik Bjørge as its new supervisory ...
15,000 ships to be scrapped by 2032: BIMCO The long-awaited flood of ship scrap candidates could top most projections, new analysis from BIMCO, the world's largest shipping organisation, suggests. Analysts have long been talking up prospects for an avalanche of vintage ships heading for demolition amid a period of growing green regulations and the global merchant fleet getting older and older. Today, BIMCO ...
JP Morgan newcastlemax gets stuck in Brazil Liberian-flagged newcastlemax bulk carrier has been stuck in Brazil since last Thursday. The 2017-built 207,600 dwt ship owned by Global Meridian Holdings, part of JP Morgan Asset Management, reportedly grounded in Ilha Grande Bay on May 11. Local media, citing the State Environmental Institute - Inea said that there is no risk of oil leakage ...
Shareholders await to hear what direction Euronav will take under new management Euronav's annual general meeting kicks off this morning in Antwerp with shareholders keen to hear about the direction the tanker giant intends to take following the ousting of the company's CEO yesterday. Hugo De Stoop, Euronav's chief executive since Paddy Rodgers resigned in 2019, will be replaced on an interim basis by chief financial officer ...
Vintage capes in demand The dry bulk market is firm with vintage capesizes playing a vital role. Capesize TCE earnings rallied by 10% last week, breaking above the $20,000 a day mark to the highest level in the year-to-date analysts at the bank HSBC suggesting trecovering coal exports from Australia to China supporting earnings. Jiangsu Steamship, a Chinese outfit ...
Shelf Drilling extends and adds rig option in Africa Oslo-listed jackup rig pure-play Shelf Drilling has lined up more work for its units in Africa with a contract extension in Nigeria and an amendment to its current contract in Angola, adding a further 15-month extension option. In Nigeria, the 2010-built Shelf Drilling Mentor has secured a one-well extension with an undisclosed operator. The $16m ...
SBM Offshore awards contract for green recycling of Brazil-based FPSO Dutch floater giant SBM Offshore has contracted Modern American Recycling Services (MARS) for green recycling of its 49-year-old floating production storage and offloading vessel (FPSO) . The FPSO is moored in 1,350 m of water in Petrobras' Cachalote field in the Campos Basin offshore Brazil. MARS' contract includes engineering, preparation, dismantling and recycling of the ...
Wreck removal taking longer than planned in Gibraltar The tricky removal of the wrecked bulk carrier from waters off Gibraltar will take longer than forecast. Salvors had been given a deadline of the end of this month to complete the wreck removal, something that has now been pushed back to mid-June. Ensuring both the forward and aft sections are airtight has taken longer ...
ADM signs up for pioneering barge along the Rhine American commodities giant Archer-Daniels-Midland (ADM) has signed a pioneering charter agreement to use a very low-emissions ship in European waters, predominantly along the Rhine. Germany's HGK Dry Shipping is constructing a bulk carrier to operate in shallow waters with a diesel-electric propulsion system and solar panels. Thanks to its diesel-electric drive system, the new dry ...
Podium switch? CMA CGM tipped to edge past Maersk in the liner rankings China's Yangzijiang Shipbuilding is being tipped as the winner for the next round of ship orders from Maersk and CMA CGM, contracts that in turn could see the French liner jump ahead of its Danish rival into second spot in the liner rankings. Both companies are lining up methanol-fuelled boxship orders with Alphaliner reporting Yangzijiang ...
MSC becomes first carrier to have a 5m slot fleet Mediterranean Shipping Co (MSC) is ready to surpass another milestone in its rapid growth spurt that has seen it top the liner rankings. The company is now just a couple of ship deliveries away from becoming the first liner firm in the world to operate a fleet in excess of 5m teu. Putting the landmark ...
Grain deal extended, according to Ukrainian official An agreement has been reached for the Black Sea Grain Initiative to continue for another 60 days
Eagle Bulk and lenders agree $175m credit facility increase Financing 'significantly increases' Eagle's liquidity position following its recent purchases of four ultramaxes, chief executive Gary Vogel says
Martin Hall moves from Clyde & Co to Hill Dickinson Casualty specialist who headed Clyde & Co's casualty practice for many years, has joined Hill Dickinson's Piraeus office with partner-equivalent...
Euronav AGM completes boardroom clean-out as shareholders size up future strategy Norway's Grace Reksten Skaugen, voted in as chairman last May, is the only remaining supervisory board member. An executive management...
International Group needs US affiliate, Ioannou argues 'The American Club was born from the need for an American club to exist. It makes me think of Voltaire's...
Star Bulk charters in seven 'eco' bulkers in new push for renewal and efficiency Owner of 125 bulkers remains optimistic about medium-term course of dry bulk market
Middle East energy producers fall short of offering shipping alternative fuels Middle Eastern energy producers have not participated in a key shipping event in Dubai, despite expectations for the region to...
Adnoc shipping subsidiary listing to raise $607m Initial public offering share price offer values company at $4bn
Bangladesh to ratify Hong Kong Convention on ship recycling amid record scrapping forecast Important ship breaking nation said to be poised to sign up for the HKC, a crucial step towards the convention's...
Dark fleet tanker loses engine power transiting Danish waters Event adds to worries that many dark fleet tankers pose pollution and safety risks while they transit environmentally sensitive areas...
MSC fleet to breach symbolic 5m teu mark MSC's orderbook is larger than many of its rival's entire fleets. By 2025, it could be approaching 7m teu of...
Vopak offloads Savannah terminal to BWC Vopak says divestment is part of strategic goals to improve financial performance, grow its footprint in gas and industrial terminals...
Message to UAE maritime: listen to your children Dubai and the UAE have an opportunity to showcase their impressive initiatives at the COP28 meeting in November. Having the...
Singapore receives first emissions-certified LNG cargo Singapore has received its first LNG cargo which comes with a statement of greenhouse gas emissions. Jointly published by Pavilion...
Pyxis chief hails strong first quarter as company 'patiently' eyes fleet expansion Near-term volatility expected to prevail, but charter rates should remain above their five-year averages, says Valentios Valentis
Last grain corridor vessel departs Ukraine When the grain deal was extended for its third term there were mixed messages whether it would run for 60...
Japanese consortium has ammonia-fuelled engine test success A Japanese project has successfully completed the combustion of ammonia fuel on land. This advance paves the way to install...
Lloyd's exclusion clauses do not meet shipping's needs, says marine cyber insurer 'We are not dealing with the same degree of cyber vulnerability in 2023. There's an argument that the horse has...
Daily Briefing Trade route launched between occupied Mariupol and Russia | Euronav battle continues as CEO De Stoop exits | Time running...
Chinese fishing ship capsizes in Indian Ocean with 39 crew missing The owner of the capsized ship operates a fleet of 24 fishing vessels and also a shipyard that has supplied...
NITL lends support for move to give FMC oversight of rail storage fees Rail storage has been at the forefront of recent regulatory discussion as the FMC solidifies its final rulemaking on detention and demurrage, with shippers wanting ocean carriers to be the billing party for such charges.
Hamburg Q1 volume drops as loss of Russia business bites Challenging economic conditions, compounded by sanctions against one of its largest trading partners, led to a sharp drop in first-quarter volumes at Europe's third-busiest container port.
Trans-Pac carriers showing flexibility in service contract negotiations: forwarders With import volumes sharply lower than last year, trans-Pacific carriers are more willing to consider requests for fixed-rate pricing and inland transportation bookings in 2023-24 service contracts, sources say.
New emissions controls to drive surge in ship scrapping: BIMCO Virtually no ships have been scrapped in the past two years as high demand and port congestion kept all available capacity in use, but that is about to change significantly, according to the shipping association.
Top US Shippers: Component shortages putting brakes on auto export growth Global vehicle manufacturers are still recovering from widespread semiconductor shortages, while domestic automakers and body shops face ongoing delays in components ranging from rear suspensions to front bumpers.
Yang Ming opts for South Korea's Hyundai Heavy as China spooks shipowners Decision thought to have been made amid rising tensions between Taiwan and China
Bangladesh could ratify Hong Kong recycling convention 'in the next few weeks' Bimco upbeat that recycling convention will soon be ready to enter into force internationally
Lila Global pounces on Golden Union capesize bulker Greek vessel is third capesize purchase by Anil Sharma-linked company in three months
Platts launches new tanker freight rate tool Platts Base Rates calculates cost of port-to-port voyages in challenge to Worldscale
Black Sea grain corridor extended, but on tight two-month leash Fading initiative resurrected until the middle of July, Turkish president announces
Car carrier crew nominated for bravery award after migrant rescue NYK-operated Helios Leader was among more than 40 nominees for the top International Maritime Organization bravery award
Sweden's Berndtssons doubles its money on newbuilding that never made it home Swedish operation says it received an offer it couldn't refuse for the Chinese-built Vingaren
CoolCo nets new multi-year deal for TFDE LNG carrier Company ties up vessel with energy major but is coy on details
Green Seas: Ammonia looks feasible for some situations, if the safety worries can be ironed out Our weekly environment newsletter explores the contours of ammonia's feasibility, safety questions aside, in a multi-fuel future for shipping
Eagle Bulk wins enlarged $485m loans refinancing with bank group Amended facility extends bulker owner's maturities by two years, could be used for recent acquisitions and dry powder for further moves
Hill Dickinson takes on Clyde & Co casualty expert Martin Hall Move is the latest in a series of appointments in Piraeus
Julie De Nul and Ole Henrik Bjorge join Euronav board, but another key executive leaves New independent directors replace Anita Odedra and Carl Trowell
Gibraltar wreck removal of OS 35 set to overrun Salvage company has informed port authority of likely delays
JP Morgan newcastlemax suffers hull damage in grounding off Brazil The True Conrad has been stuck for a week in Ilha Grande Bay
South Korea's Samsung Heavy enlists China's reborn Hengli for Evergreen newbuildings SHI approaches second Chinese shipyard to build hull blocks for container ship newbuildings
Petros Panagiotidis' Toro said to have made staggering $60m profit on elderly product tankers Cypriot owner linked to more tanker sales after acquiring LPG carriers
MSC's phenomenal growth continues as fleet breaches 5m-teu threshold No let-up as carrier forward-charters four 8,000-teu newbuilds from Danaos Corp
Adnoc plans to raise up to $607m in shipping arm's IPO Middle East's second largest public offering of 2023 values Adnoc Logistics & Services at around $4.05bn in
Slow market dents Star Bulk profit as owner nets Ukraine war risk pay Oaktree-backed firm still upbeat on bulker prospects, announces new share buyback plan
Bimco tips more than 15,000 ships to be torched by 2032 Scrap tsunami will partly be down to owners facing up to tighter emissions regulations
QatarEnergy wraps up shipyard talks for Phase 2 of giant newbuilding project Prices said to have been inched up in face of yawning gap between pre-reserved berths and current prices
Anglo & Eastern Ship Owners P&I Club goes offline amid Pablo talk Search for the insurer behind the ill-fated Gabon-registered aframax tanker goes on
D'Amico wave of purchase options spawns fifth MR tanker buy Italian shipowner continues hoovering up bargain tonnage through clauses in bareboat charters
Purus continues order spree with up to four CSOVs at Vard Expanding UK-based owner follows up LPG deal with new wind vessel contract
Nordisk strengthens sanctions team to monitor 'dark fleet' risk Norwegian Defence mutual kept busy with work related to Russia's war on Ukraine
India snubs EU over Russian oil trade threat Foreign Minister Subrahmanyam Jaishankar quoted the EU's own regulations after bloc threatened action
Braemar beefs up board with Belvedere co-owner Catriona Valentine UK shipbroker says appointment will help it deliver on strategic ambitions
JP Morgan newcastlemax partly submerged in grounding off Brazil The True Conrad has been stuck for a week in Ilha Grande Bay
Slow market dents Star Bulk profit as firm nets Ukraine war risk pay Oaktree-backed firm still upbeat on bulker prospects, announces new share buyback plan
Meet Rio Tinto's Laure Baratgin, the world's busiest iron ore charterer Former chemical engineer outlines scope of mining giant's shipping operations and how it plans to decarbonise them
NYK Line confirms long-term LNG carrier charters to German utility EnBW Japanese owner said ships will employ latest energy saving technologies such as shaft generator and air lubrication systems
Comment: Why shipowners are right to be nervous about China sanctions Fears over Taiwan and Beijing's ties to Russia are prompting shipping to re-examine how far sanctions against the world's leading shipbuilder could go
AD Ports beefs up tanker fleet again with Zodiac and Pertamina tanker deals Expanding Abu Dhabi group taking more tonnage on time charter after ship purchases
Capital Gas locks away LNG carrier newbuildings to Japan's JERA Greek shipowner adds a new name to its growing list of customers for its LNG carrier fleet
Reports: Port of Corpus Christi CEO resigns amid questions on expenses Port CEO's resignation came a day after a story aired on a local TV station about his alleged excessive expenditures.
How LNG shipping kept Europe's wartime energy supply secure Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
DHL Air Austria seeks US access for incoming 767 freighters DHL Air Austria will operate a mixed fleet of Boeing freighters in the fall and is seeking permission to fly new 767s to the U.S. so it has that option in the future.
FedEx pilots empower union leaders to call a strike FedEx pilots say they are willing to go on strike, if necessary.
Sichuan Airlines accepts 1st A330 converted in China for cargo Airbus has reached another milestone with its young A330 passenger-to-freighter program.
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