VIDEO: All-electric workboat cleans up plastics and debris Hull, U.K., based MMS Workboats, a division of MMS Ship Repair & Dry Dock Co Ltd. (MMS), has launched a cutting-edge all-electric workboat designed for plastic and debris collection. Called the Envirocat
Berge Olympus becomes world's most powerful sail-assisted ship Singapore-headquartered Berge Bulk has retrofitted its 211,153 dwt, 2018-built Newcastlemax bulker Berge Olympus, with four BARTech WindWings by Yara Marine Technologies. The installation takes Berge Bulk another step closer to its goal
FERRIES 2023: The first P3 on San Francisco Bay With less than a month to go until Marine Log's FERRIES 2023 conference in Jersey City, N.J., just across the ferry speckled harbor from Manhattan in New York City, the agenda is
White Paper: Where do ports land on the Industry 4.0 Maturity Index? Port terminal operators are using digitalization to become more flexible and resilient so they can respond to volatile market demands, shifting transport routes and growing vessel sizes with greater speed, agility, coordination
Fast Lines Belgium signs deal with Damen Shipyards Fast Lines Belgium, an Antwerp family-owned transport company, has signed a deal with Damen Shipyards for the delivery of two Combi Freighters 3850 vessels flying the Belgian flag. Prior to placing its order with Damen, Fast's ship management investigated all possible opportunities for achieving low emissions in an inexpensive manner. This involved investigating alternate biofuels as well as the
Port of Tanjung Pelepas achieves new shift volume records Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, sets a new shift volume record with 13,700 quayside moves in a single 12 hours shift, breaking its own previous shift record of 12,557 moves set in 2020. This result also set a new hourly movement record of 1,308 quayside moves in a single hour. Marco Neelsen, PTP's CEO said this latest milestone further u
Kuehne+Nagel and SATS join forces to drive value chain improvements Kuehne+Nagel and SATS signed a Memorandum of Understanding (MoU) to enter into a strategic collaboration to drive value chain improvements and sustainability efforts within the air logistics industry. In particular, the two companies have initially collaborated on several successful Proofs of Concept to optimise ground handling for e-commerce shipments, air charter hub and spoke operations, as we
Peel Ports Group expands Liverpool's steel terminal UK port and terminal operator Peel Ports Group is expanding its steel and metals terminal at the Port of Liverpool in response to increased client demand. Peel Ports began construction of the 1,858 m² extended warehouse at its North 3 Canada Dock in the current year. The investment comes as the Port of Liverpool saw one of its busiest months for steel volumes in September, with over 75,000 tonnes
Alba Tankers and Seaber to reduce emissions Seaber.io, the Finnish maritime technology company, cooperates with Alba Tankers, who commercially operate chemical and oil tankers in the area of North Europe-West Mediterranean. Alba Tankers is headquartered in Denmark, while their chartering and commercial team is based in Gothenburg, Sweden. More specifically, the company together with Seaber.io aims to optimise chartering and scheduling proc
SSY unveils new global brand The global shipbroking firm, which has been known as Simpson Spence Young for over 140 years, will now officially be known as SSY. The company has also unveiled a new global corporate identity which includes a new logo, a new website (www.ssyglobal.com), a new corporate value system (Trust, Independence, Expertise) and a dedicated online portal (SSY Navigator) for its Research division. As part o
ZIM strengthens Latin America network with new services Israeli box carrier ZIM has announced the launch of two new services, ZIM Albatross (ZAT) and ZIM Gulf Toucan (ZGT), aiming to enhance its Latin America network. Both services will be fully operated by the Haifa-based container shipping company. The new ZIM Albatross service will provide a direct connection from and to North China, Korea, Mexico, and the West Coast of South America. The company w
Port of Barcelona deepens ties with India From 16 to 18 October, the Port of Barcelona, one of the key drivers of development in Spain and a reference port in the Euro-Mediterranean region, will hold a Trade Mission in Mumbai, India. The delegation, led by a representative of the Catalan government and comprised of companies and institutions from the port and logistics sectors, is travelling with the goal of promoting trade between India
Port of Oakland receives US$1.2 billion funding for hydrogen projects Federal and state funding is on the way for hydrogen projects at the Port of Oakland. This is because the Biden administration announced on 13 October that California will receive up to US$1.2 billion as a designated hydrogen centre. "We are grateful to have outstanding federal, state, and local support for our vision to become a zero-emissions seaport," stated Danny Wan, executive director of th
VSAs encourage more container flows to Australia Shipping Australia has said that vessel-sharing agreements (VSAs) benefit Australia, which is a small but high-cost market. The association said that VSAs encourage smaller box lines to call at Australia by pooling ships with other players, thus helping to reduce their costs while facilitating trade flows to the country. VSAs have been in the spotlight since the European Commission decided not to
Greek police seizes over 60kg of cocaine from container at Piraeus port More than 60 kilogrammes of cocaine were found in a container at the port of Piraeus and were confiscated by the Greek police. According to local media, three Greek citizens have been arrested. The cocaine was hidden in parcels in the container, which was unloaded from a boxship that had departed from South America. A press conference has been scheduled for 3 p.m. (Greece time), in which the Dire
MSC announces new direct call at Pisco Port Swiss/Italian box carrier MSC announced a new direct port call at Pisco Port (PEPIO) in Peru on its NWC-US-SAWC service. Pisco Port is located in the Ica region, Peru's grape capital. MSC Romane is the first MSC vessel scheduled to arrive in Pisco Port on 9 November. For the whole season, MSC will operate a weekly service linking Pisco with the United States via transshipment in Panama and Northe
Port of Riga reports higher cargo volumes in September Port of Riga has announced an increase in its September cargo turnover compared with the previous month. "The increase might be mostly attributed to the cereal products segment, but at the same time larger volumes of ore, coal, salt, general timber cargo, as well as oil products were transshipped in September," said the Latvian port in a statement. Reaching a monthly turnover of 432,500 tons, agr
Maritime Cyber Risk report: Shipping industry remains "easy target", pays average US$3.2m in cyberattacks New research has found that the maritime industry remains an "easy target" for cybercriminals and that the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months. The report, which was produced by global, sector-focused law firm HFW and maritime cyber security company CyberOwl, reveals that the average cyberattack in the maritime industry now end
GEODIS and Sephora inaugurate new distribution center in Shanghai GEODIS and Sephora, one of the world's largest omnichannel prestige beauty retailers, have announced the opening of a distribution centre (DC) in Shanghai's Minhang District, China. The 20,000 m² facility's ceremonial opening was held on 11 October. The centre, which will be managed by GEODIS, will be important in improving Sephora's customer experience as well as supporting the company's fast-gr
Uthalden Maritime sells two boxships, Foroohari gets one German shipping company Reederei Foroohari has bought a 6,500 TEU container ship from Uthalden Maritime Management, the maritime subsidiary of Harald Moraeus-Hanssen-led private investment firm. The 2009-built vessel MH Hamburg was purchased in July 2018 by Uthalden Maritime Management and today (17 October 2023) delivered to its new owners. This is the second boxship sale in less than two months
Analysis: Direct shipping services from Bangladesh With freight rates falling drastically worldwide compared to the Covid-19 pandemic period, most of the direct voyages from Chittagong port to the ports in Europe, China, and Middle East are now halted. Moreover, the severe fall in imports and less-than-expected growth of export cargo contributed to the shutdown of operations of the direct shipping services to and from the major port in Bangladesh
Cargo ship catches fire in Denmark While the general cargo ship Ann Rousing was loading scrap on 13 October in Amager, Copenhagen, Denmark, a severe fire broke out in the cargo hold. According to Maritime Bulletin, firefighters managed to control the fire, but they had to be careful not to dump too much water into the ship, fearing stability loss. The ship was surrounded by floating booms, and no leaks had been detected at the tim
Canadian government invests US$110 million in new Montréal container terminal Pablo Rodriguez, Canada's Minister of Transport and Quebec Lieutenant, announced a US$110 million (CA$150 million) investment under the National Trade Corridors Fund to construct a new box terminal in the port of Montréal. The new terminal is expected to boost the port's container capacity to accommodate the growing demand for cargo transportation while also assisting in the smooth running of the
Wan Hai Lines seals funding deal for Japanese newbuilds Taiwan's Wan Hai Lines, the world's 11th largest containerline, has secured financing for eight boxships it has under construction in Japan. The Japan Bank for International Cooperation (JBIC) will provide buyer's credit to Wan Hai Lines's unit in Singapore for the 3,055 teu ships ordered at Nihon Shipyard the joint venture between Imabari and Japan ...
Ocean Installer wins Equinor subsea contract Marine construction player Ocean Installer has won a new contract from Norway's Equinor. The company, formerly known as Havfram Subsea, has this time secured an engineering, procurement, construction, and installation (EPCI) contract for the Eirin subsea tie-back development, with an option for a new gas solution from Troll B via the existing Kvitebjørn export pipeline. ...
Sinwa Group acquires compatriot Francois Marine & Offshore Sinwa Group has acquired offshore marine supplies, logistics and supply chain management specialist Francois Marine & Offshore from Northern Marine Group. The merger between the two major marine, offshore supply, and logistics businesses will see Sinwa Group expand its operations and capabilities to support a growing global client base. Sinwa bought Francois Marine & Offshore's ...
Excelerate locks away FSRU to Petrobras on 10-year deal New York-listed floating regasification specialist Excelerate Energy has secured a 10-year charter deal from Brazil's Petrobras for the FSRU Sequoia. The agreement, effective January 1, 2024, will see the Texas-headquartered Excelerate continue to deploy the 2020-built unit to provide regasification services in Brazil at the Bahia regasification terminal in Salvador. Excelerate has provided regas
All Aboard Alliance announces maritime inclusivity initiative The All Aboard Alliance, an initiative of the Global Maritime Forum, has announced the Diversity@Sea initiative that will see 11 companies pilot a series of test measures to make life at sea more inclusive and attractive to all seafarers. The participating companies are Bernhard Schulte Shipmanagement, BP, Cargill, Chevron Shipping, Diana Shipping, Dorian LPG, Gaslog, ...
Fast Lines Belgium orders first newbuilds Fast Lines Belgium has contracted its first newbuilds. An Antwerp Scheers family-owned shipping company has ordered a pair of combi freighter vessels at Dutch shipbuilder Damen. The 3,850 dwt ships, which will fly the Belgian flag, will, alongside the new hull design and an efficient and economic main engine, be fitted with Daman's remote monitoring ...
Cyber ransom payments have 'skyrocketed' over the past 12 months New research has found that the maritime industry remains an "easy target" for cybercriminals, and that the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months. The report, which was produced by law firm HFW and maritime cyber security company CyberOwl, reveals that the average cyberattack ...
Volvo signs up for offshore wind power Sweden-based automaker Volvo Cars has partnered up with compatriot renewables developer Eolus to collaborate on the Västvind offshore wind power project off the coast of Gothenburg. The partnership involves the 1 GW offshore wind power project supplying significant amounts of electricity to Volvo Cars' operations at Hisingen in Gothenburg, including the new battery factory being ...
Naftomar paying hefty $83m for LR duo The deal of the week has been sealed between Greek Nicholas Inglessis and his family-oriented Alberta Shipmanagement and compatriot owner Naftomar. They are two owners who have been in the headlines for their deal-making in the last four weeks. Broking sources tell Splash that Naftomar is tempting Alberta Shipmanagement with $83m, buying two Hyundai Mipo-built, 75,000 dwt long-range ...
Samsung Heavy debuts tech to counter overboard containers South Korean shipbuilder Samsung Heavy Industries has revealed its latest invention called Special Structure Anti-Container Loss (SSA-CL), using homegrown technology to minimise container loss incidents for ships during adverse weather conditions. SSA-CL, which can be attached to the ship's lashing bridge, is designed to limit the lateral movement of containers by more tightly restraining the ...
Famous British broker rebrands After 143 years London-headquartered shipbroker Simpson Spence Young is going in for a rebrand and will be known henceforth simply as SSY. In addition to the official name change, SSY has also unveiled a new global corporate identity, a new website, and a dedicated online portal for its research division. Speaking on today's announcement, Stanko ...
Ocyan scores $317m contract with Petrobras Brazilian offshore service provider Ocyan has inked a new contract with Petrobras to carry out the revitalisation of the state-run energy firm's gas network in the Campos Basin. Lasting about four and a half years, the contract, worth around $317m, will be executed in partnership with the Portuguese engineering and construction company Mota-Engil. The campaign, ...
Reach Subsea inks cable survey deal with NKT Norwegian offshore services player Reach Subsea has struck a deal with Danish cabling firm NKT for the supply of subsea cable survey services. The Oslo-listed Reach has ramped up its capacity significantly over the last couple of years to serve a rapidly growing renewables market with a broadened service offering. Meanwhile, similar to other cabling ...
Ørsted signs deal to sell 50% stake in third German offshore wind farm to Glennmont Partners Danish energy firm Ørsted has agreed to sell 50% of another offshore wind farm in Germany to funds managed by Glennmont Partners from Nuveen. A deal worth €473m ($498.3m), comprises the price for the acquisition of the 50% ownership share in Gode Wind 3 and a commitment to fund 50% of the construction of the ...
Foroohari buys 6,500 teu containership from Uthalden Maritime Uthalden Maritime Management, the maritime arm of Harald Moraeus-Hanssen-led private investment company, has sold one of its vessels. Uthalden said on its social media channels that it sold the 6,500 teu containership. The vessel was purchased in July 2018 and delivered on Monday to its new owners. The company initially did not reveal any financial ...
Shipyards need to expand to meet IMO green goals: ClassNK Japanese classification society ClassNK has crunched the numbers to work out the volume of ships yards will have to churn out in order to comply with the indicative checkpoints agreed at this year's new International Maritime Organization greenhouse gas (GHG) targets. In short, 80m gt of zero-emissions vessels will need to be handled by shipyards ...
SwissMarine takes stake in US bulker owner Pangaea SwissMarine has become the latest name in the growing list of shipping companies with investments in publicly listed dry bulk shipowners. The Peter Weernink-led dry bulk operator has acquired close to 2.5m shares in Nasdaq-listed US bulker owner Pangaea Logistics Solutions. The acquired shares, which have been trading at around $6 each, correspond to a ...
Another top name in Chinese ship finance arrested One of the most high profile banking names to date has been arrested in the ongoing anti-graft probe led by Chinese president Xi Jinping. Liu Liange, the former chairman of the Bank of China, has been arrested over suspicions of bribery and giving illegal loans. Liu, 62, is well known in shipping for the 11 ...
Columbia launches female cadet mentoring programme As part of its bid to attract more women into the maritime sector, shipmanangement giant Columbia Group has launched a mentoring programme aimed at female cadets. Recognising that the industry is missing out on a great deal of female talent the group hopes that the mentoring programme will not only attract more females onboard vessels, ...
Berge Bulk unveils the world's most powerful sailing cargo ship James Marshall-led Berge Bulk has shown off its retrofitted newcastlemax bulker, Berge Olympus, which now houses four BARTech WindWings by Yara Marine Technologies. The WindWings installation is part of Berge Bulk's ambition to become carbon neutral by 2025 with the shipowner claiming today the Berge Olympus is the world's most powerful sailing cargo ship. With ...
Sovcomflot tankers go dark in Black Sea, citing maritime security fears Russia-controlled shipowner says August attacks on commercial ships in the Black Sea behind the move, which is compliant with international...
Clash of Basel and Hong Kong conventions could leave owners making inadvertent breach of recycling rules Know what the stipulations are or risk fines or even prison sentences, top lawyers warn
Capesize rates beat expectations as they cross $30,000 per day Time charter equivalent rates for capesizes have reached their highest levels in nearly 18 months, Jefferies says, beating expectations as...
Singapore bunker sales climb in Q3 Bunker sales in Singapore rose over July-September on the back of higher HSFO sales, despite rising prices
GMF initiative launches pilot to improve inclusiveness and working conditions at sea Companies participating in the GMF's All Aboard Alliance will pilot a set of measures to 'make life at sea more...
Electric vehicles a challenge to fire fighting and vessel design standards The design and stowage plans of vessels need to be looked at as more electric vehicles are shipped. Crew firefighting...
Maersk calls on China to include shipping in carbon trading system Danish company puts forward suggestion for China to include the shipping industry in its carbon trading system, similar to the...
Containership asset prices under pressure as buyers hang back The list of sales candidates is growing, but buyers appear to be reluctant to conclude deals due to an expectation...
Commercial shipping 'used for North Korea-Russia munitions shipments' RUSI report underscores the role that commercially operated vessels are playing in illicit activities and the use of deceptive shipping...
Berge Bulk takes delivery of wind wing vessel Berge Olympus has set sail on its maiden voyage with the aid of four wind wings measuring nearly 40 metres...
Daily Briefing Tankers and bulk carriers to report softer third-quarter earnings | Tanker market poised for further gains after strong rally |...
Deal for limited Venezuelan sanction relief reportedly imminent Biden administration reportedly agrees with government of Nicolás Maduro to ease oil sanctions in return for a free and monitored...
Sea mine suspected in product tanker explosion near Ukraine The ship reportedly sustained minor damage and has called at the Ukraine port of Kiliia in the estuary of the...
Investor group seeks to block Forward Air-Omni deal, oust Forward CEO Ancora Alternatives is seeking a special shareholder meeting to replace members of Forward's board of directors, including CEO Tom Schmitt, with the ultimate goal of killing the acquisition of Omni, which Ancora blames for a steep drop in Forward's stock value.
Planned bridge raising opens door to upgrade of North Charleston Terminal SC Ports says the work will allow the terminal to attract growing volumes of cargo moving through the Suez Canal on large ships that are too big to call the facility now.
Hapag-Lloyd enlists India-based vendor to support US digital documentation move Ocean carriers are aligning with technology vendors to meet a self-imposed deadline to digitize shipping documentation, with Hapag-Lloyd's use of ODeX in the US the latest example.
Fresh geopolitical stress puts supply chain resilience back in the spotlight: analyst Existing overcapacity in the container shipping market has provided the resilience required to handle a potential prolonged blockage of the Suez Canal, says analyst Lars Jensen, who wonders if stakeholders are willing to pay higher freight rates to maintain that safety net.
Mexico president says rail alternative to Panama Canal will open in December Lopez Obrador points to 'saturation' and water problems at 100-year-old waterway
Pyxis Epsilon buyer revealed as MARAD adds ships to national security subsidy programmes Maritime Security Program now has full roster of 60 vessels while tanker fleet reaches 10
NYK reveals plan to boost LNG carrier fleet to almost 120 ships by 2027 Company adding swathe of newbuildings to meet expected demand for ship capacity
Cooperating again: Marshall Islands back in favour with the EU on tax Shipping register welcomes move to remove island nation from list of non-cooperative jurisdictions
VLCC rally enough to wipe out weak DHT guidance DNB's Lian says The third quarter will be the company's weakest until 2025, the analyst argues
Back in business: Baltic Dry Index jumps above 2,000-point level And average capesize spot rates have jumped up to above $30,000 per day on Tuesday
Shipping names pay multimillion-dollar ransoms after cyber attacks The rapid introduction of technology on ships makes shipping more vulnerable to infiltration
Fredriksen's stake in Zabrocky's International Seaways under spotlight after Euronav deal Could Norwegian mogul John Fredriksen make another M&A play?
Mainstream tankers to gain if US eases restrictions on Venezuelan exports, Clarksons says Analysts believe that although shipments will be modest, the dark fleet will not be involved
Why new container ship orders are breaking records amid waning demand Carriers continue to order ships, but where will the demand come from?
CO2 shipping set to 'blow up' despite markets being 'most difficult' to read, says Capital's Kalogiratos CEO sees excitement in new markets, while other Greek players take a more conservative approach
Russia faces 'hard choices' as US turns price cap screw Senior Treasury official says Russia has spent billions on oil tankers to ship fossil fuels outside of the price cap regime
Pace of wind ship orders slows as slippage seen in new offshore projects, Clarksons says Shipbroker tallies only five new WTIV newbuildings contracted this year
Wan Hai secures Japanese finance for container ship newbuildings Vessels are part of a series of 24 ordered by the Taiwanese liner operator at Nihon Shipyard
Excelerate Energy snaps up 10-year extension deal from Petrobras on FSRU Regas vessel to be deployed primarily at Bahia terminal until 2034
China's biggest ship lease financier pledges to back 'green' shipping Chairman of BOCOM Leasing tells conference that ships with lower emissions now make up over 50% of its portfolio and it wants more
Eagle LNG finally bags a small-scale LNG carrier as it builds out its bunkering Vessel set to be used to supply Royal Caribbean Cruises ships
Fast Lines Belgium inks mini-bulker newbuilding brace with Damen Shipyards Combi-Freighter design seen as path to cleaner and more efficient vessels
Bulker owner ESL reveals renewables shipping plan with new recruit Finnish company wants bigger share of offshore wind and project transport market
Navigare Capital pays $212m for trio of DFDS freight ro-ros in leaseback deal Danish owner charters vessels back to compatriot over five years
Comment: Pakistan now holds the key to greening shipping's dirty secret After Bangladesh stepped up to enable global ship scrapping rules to come into force, Pakistan now deserves support to ensure the compliance is water-tight
New Fortress Energy set to fire up first FLNG unit in November Hugely delayed FSRU-based Brazilian terminal set for December start-up
'Call us SSY': New-look shipbroker launches hunt for next generation Managing partner Stanko Jekov says the search is on for trainees
Top Ships stock jumps 12% after it regains Nasdaq compliance Greek tanker owner's share split does the trick at US exchange
A&O Shearman: Partners vote to seal $3.5bn mega-merger of law firms Superpower created in energy and shipping markets through combination of Allen & Overy and Shearman & Sterling
Torm linked to $150m capture of second tranche of tankers from Alterna Capital Brokers say Danish shipowner has pounced on four MRs from US owner
Baltic Exchange reassures frustrated freight futures players, but threat remains Traders, owners and FFA brokers push the Baltic Exchange to address 'fundamentals' of index integrity
Berge Bulk boss reveals 'Marshall Plan' to decarbonise bulk carrier fleet James Marshall explains the four pillars of his emissions-reduction strategy
Payback time: Berge Bulk unveils world's most powerful wind-assisted ship Singapore shipowner expects big fuel savings and emission cuts from newcastlemax
UK charity demands port levy to pay seafarer welfare bill British charity Merchant Navy Welfare Board says voluntary scheme is not raising enough money
Digital freight forwarder Flexport slashes workforce by 20% Job losses latest in a string of departures from what was once one of the most prominent start-ups in logistics
United Airlines receives no peak season cargo push United Airlines had a weak quarter for cargo revenue, but it's on par with the rest of the industry.
Shipping line earnings preview: A mix of black, red and very red ink Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.
Global Crossing Airlines one of few to make Israel cargo flights Global Crossing Airlines is using its small regional jets to airlift aid to Israel. Other U.S. carriers are more cautious and have canceled flights to Israel until further notice.
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