New cutter suction dredge joins Callan Marine fleet Callan Marine staff, crew, and guests gathered today to watch the dockside launch of the dredging and marine construction contractor's newest fleet asset, the 18-inch cutter suction dredge (CSD) General Marshall from
Alabama Shipyard wins $21.9 million T-AKE 2 contract Alabama Shipyard LLC, Mobile, Ala., has been awarded a $21,955,104 firm-fixed-price contract (N3220523C2143) for a 123-calendar day shipyard availability for the regular overhaul and drydocking of the Military Sealift Command's dry cargo
Havfram Wind orders second WTIV Oslo-headquartered Havfram Wind AS has exercised the first option under its contract with the CIMC Raffles shipyard and ordered a second state-of-the-art wind turbine installation vessel (WTIV). The vessel design will be
VIDEO: Warship near-miss report emerges Thanks to the efforts of San Diego broadcaster NBC7 a redacted version of a Navy investigation into a "near miss" encounter between two warships last year has been getting more attention than it
CMA CGM to change terminal in Poland CMA CGM has announced that it will be changing its port of call in Poland, effective from 15 May 2023. The French ocean carrier said it will be docking all its vessels in Gdansk at the Baltic Hub container terminal instead of previous terminals in the Port of Gdynia, while service to Szczecin will remain unchanged. "This change will bring you an enhancement of your overall experience, ease of doi
DP World Dakar achieves record box volumes DP World has achieved a record container handling performance at the Port of Dakar, handling 76,282 TEU during March, which is the highest throughput in a single month since the UAE-based operator began operations in Senegal in 2008. DP World has invested nearly US$300 million to upgrade and expand the Dakar Container Terminal since 2008. The company said these investments have increased the term
CMA CGM enters into exclusive negotiations to acquire Bolloré Group's logistics activities French shipping company CMA CGM Group announced today (18 April) that it has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics. CMA CGM said the negotiations are in line with its long-term strategy, based on the two pillars of shipping and logistics. "The Group's strategy is to offer end-to-end solutions in support of its cus
NWSA reports lower TEU volumes NorthWest Seaport Alliance's total container volume fell 27.2% to 240,979 TEUs in March, with full imports dropping 37.2% as a result of persistent mediocre demand and uncertainties surrounding the PMA-ILWU contract discussions. At the same time, full exports decreased by 5.4%, although volumes have been climbing month after month, with March complete exports up 13.2% over February. On the other
Port Houston on track to surpass 1 million TEUs earlier than ever before Despite a 3% drop in total TEUs in March, container volumes at Port Houston are set to reach 1 million TEUs earlier than ever before this year. The US port handled 934,031 TEUs in the first quarter of 2023, representing a 3% increase over the same period in the previous year. Loaded export volumes at Port Houston reached 349,964 TEUs year-to-date, translating to an increase of 26% year-on-year. A
New Zealand keeps back boxship after series of breakdowns New Zealand port authorities have held back a container ship owned by Feedertech, after the vessel lost power as it approached Wellington port. The 2005-built, 5,117 TEU ship, Shiling, was about to enter Wellington on 15 April when it stalled. Two tugs helped to tow Shiling back to a berth in Wellington. The ship, acquired second-hand by Feedertech in early 2020, is assigned to a service connecti
CMA CGM implements new hazardous surcharge from Asia to North Europe CMA CGM has announced it will apply a new surcharge for the transportation of hazardous cargo from Asia ports to North European destinations. In particular, the French ocean carrier will apply a "hazardous surcharge" of US$150 / TEU for containers moving from North East Asia, South East Asia, China, Hong Kong & Macau SAR to the ports in North Europe, Scandinavia, Poland and the Baltic. The additi
Global Ports sees box volume decline in first quarter Global Ports has announced its operational results for the first quarter of the year with the company's consolidated marine container throughput declining by 48.8% compared to the same period last year. The box throughput of Global Ports' Vostochnaya Stevedoring Company (VSC) in the first three months increased by 17.3% year-on-year, while Global Ports' consolidated bulk cargo throughput grew by
COSCO Shipping Ports achieves slight container growth in March COSCO Shipping Ports reported that its total throughput in March 2023 increased by 0.6% year-on-year with the trend turning positive and showing a general recovery. The Chine port operator said that the ports in the regions of the Bohai Rim, the Southwest Coast and the overseas recorded positive growth in March, compared with the same month last year. However, in the first three months of 2023, C
Emtelle and KEZAD jointly break ground at new regional hub in Abu Dhabi Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Emtelle announced the ground-breaking of one of the world's largest facilities for the manufacture, distribution and Research & Distribution (R&D) of blown fibre units and ducted network solutions in Abu Dhabi. The ground-breaking represents the beginning of Phase 1 of the three phases of development of this Emtelle facility, which is being joint
Global Infrastructure Partners, Grupo Romero acquire 50% stake in Tramarsa Global investor Global Infrastructure Partners (GIP) has completed the acquisition of a 50% stake in Trabajos Maritimos (Tramarsa), a Peruvian integrated port infrastructure platform, in collaboration with Grupo Romero, a privately owned diversified conglomerate in Latin America. The purchase marks the start of a new joint venture co-controlled by GIP and Grupo Romero, which aim to invest more in
Kube & Kubenz ramps up storage capacity for tank containers in western Germany As producers and traders in the Rhineland chemical region in Germany seem to have more storage capacity available for filled tank containers since this spring, the liquid bulk logistics company Kube & Kubenz, which operates throughout Europe, recently expanded the storage area of its branch in Bergheim, Germany. The company created 120 new storage spaces for filled tank containers of hazardous ma
Shipmanagement business model under pressure Much of Splash's brand new shipmanagement magazine is focused on how the business model of the shipmanagement sector will change with many contributors sure the old ways of doing business are set to be jettisoned. Rajiv Singhal, who heads up MTM Ship Management, is not alone in saying he sees the business as a whole ...
The hidden emissions of the shipping industry Rasmus Elsborg-Jensen, CEO of ReFlow, on the importance of lifecycle assessments. The shipping industry has long been regarded as a significant contributor to global greenhouse gas emissions. Although it is responsible for approximately 4% of these emissions, this figure is estimated and only accounts for direct emissions from fuel combustion in vessel propulsion. However, to ...
Cash-rich CMA CGM enters negotiations to buy Bolloré Logistics for $5.5bn Two of France's richest people Rodolphe Saadé and Vincent Bollore have entered negotiations that could see cash-rich liner CMA CGM take over the transport and logistics businesses of compatriot conglomerate Bolloré for an enterprise value of €5bn ($5.5bn). With record earnings in the last two years, the world's third-largest carrier has been on a buying ...
Marco Polo Marine taps ammonia-to-power startup Amogy for its offshore wind fleet Singapore offshore vessel player and shipyard Marco Polo Marine has partnered with US-based startup Amogy to install ammonia-to-power systems on its existing or newbuild offshore wind support vessels. Marco Polo said the collaboration fits into its efforts to decarbonise the shipping sector and reduce the carbon footprint of offshore wind farms, but that it also ...
Mainstream and Hexicon venture applies for permit to build 2.5 GW floating wind farm off Sweden Freja Offshore, a joint venture between Aker Horizons-controlled Mainstream Renewable Power and Stockholm-based floating wind developer Hexicon, has submitted plans for a 2.5 GW floating wind farm in Swedish waters. The Mareld project is planned more than 40 km off the west coast of Orust, and when fully operational, it has the potential to deliver ...
Shandong Shipping signs for 12 kamsarmaxes Shandong Shipping, China's third largest shipowner, has made its biggest newbuild splurge ever, signing for twelve 82,000 dwt kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The ships will carry carbon capture and storage technology created by state-run China State Shipbuilding Corporation in what is being billed as an important pilot project for Chinese shipbuilding. ...
Havfram doubles up on WTIV orders Norwegian installation contractor Havfram Wind has added another wind turbine installation vessel (WTIV) to its orderbook at CIMC Raffles Shipyard in China. The order is part of the existing shipbuilding contract with CIMC Raffles, which could see the construction of up to four of the so-called NG20000X vessels, capable of installing offshore wind turbines with ...
Seacon in for two multipuropse newbuilds Hot on the heels of its initial public offering in Hong Kong, Chinese shipowner and operator Seacon Shipping has placed orders for a pair of 62,000 dwt multipurpose dry cargo vessels. The Qingdao-based company has tapped Huanghai Shipbuilding to have the vessels delivered by November and December 2024 for $41.58m each. Seacon said in a ...
Sea Transport adds MR tanker Aminu Umar-led Sea Transport, one of Nigeria's leading tanker players, with nine tankers in its fleet, is tied by brokers to its first deal this year, tabling some $20m for the 2007-built, 40,000 dwt , sold by Cyprus-registered Interorient Shipmanagement. Last summer, the African firm added a sister ship from the same outfit, the one-year-older Norient ...
Maersk unveils video of keenly awaited methanol-fuelled ship Maersk has unveiled a video of its keenly awaited 2,000 teu, dual-fuel ship, which can run on either VLSFO or methanol, a landmark ship that has since opened the floodgates to many more methanol vessels being contracted at yards across Asia. The ship was ordered two years ago and is due for delivery from Hyundai ...
ITF secures freedom for 13 abandoned seafarers stuck in Singapore for 5 months Thirteen Filipino seafarers have made it home after more than five months aboard an abandoned livestock carrier ship, the Yangtze Harmony, thanks to the intervention of the International Transport Workers' Federation (ITF). The ship's owners abandoned the vessel and its crew after the ship was arrested in October 2022 in Singapore over an unpaid fuel ...
24-hour strike by Argentina's grain inspectors stops shipments, more stoppages planned this week Grain inspectors in Argentina held a 24-hour strike on Monday to protest high taxes that are cutting into their wages. According to Guillermo Wade, head of the country's Chamber of Port and Maritime Activities (CAPyM), the job action by the Urgara union "is affecting absolutely all the ports" in Rosario, a hub for agricultural transportation, ...
New research finds charging of recruitment fees most common illegal practice experienced by seafarers The results of a new study of seafarers launched today finds that over two thirds (70%) of seafarers who have experienced violations of their workers' rights say they were either charged recruitment fees - an illegal practice that can result in significant levels of debt leading to forced labour conditions - or were victims of ...
Euronav board U-turn points to positive progress Another vote looms for Euronav at next month's AGM, but the resurrection of Saverys family nomination Julie De Nul implies...
Strong coal keeps dry bulk rates stable Global coal trades rose 20% year on year in the first quarter, driven by higher exports from Indonesia and Australia...
Shipowners should see emissions trading as profit opportunity The European Parliament has voted to include the shipping industry in the bloc's carbon market, first introduced in 2005 and...
Ambitious Chinese car shipping firms could face 'price war' Delivery of PCTC orderbook from 2024 will put Chinese companies in competition with foreign rivals that are dominating the market
CMA CGM in talks to acquire Bolloré Logistics CMA CGM has been growing its logistics businesses since the acquisition of Ceva Logistics in 2019. It is now looking...
EU Parliament approves shipping's inclusion in regional carbon market European Parliament votes to include shipping in its Emissions Trading System from 2024 with a phase-in period that will mean 100%...
Antwerp-Bruges continues to feel geopolitical impacts Fewer sailings from Asia to Europe hit container throughput. Only bright spot was in liquid bulk sector in a quarter...
Shenzhen offers incentives for developing LNG shipping business The move comes against the backdrop of Shenzhen's ambition to develop into an LNG trading hub
Boxship charter rates increase as supply of ships shrinks 'Owners are using all options in pushing the markets further north,' says shipbroker
UK-based law firm promotes four shipping and trade partners Law firm has plans for growth, with transportation and trade singled out as key sectors
Crew abandoned in Singapore freed after five months ITF said Hong Kong-based shipowner has a long history of abandoning crew, and its vessels have been detained before for...
Shandong Shipping orders 12 kamsarmaxes in China Deliveries are scheduled between 2024 and 2025. Shandong Huachen Financial Leasing is the financier of the project
Bourbon starts Guyanese OSV venture with Tethys Marine Tethys becomes a 51% shareholder of the joint venture with Bourbon
Shell to start electric ferry service in Singapore Electrification of harbour craft is part of Singapore's decarbonisation goals in maritime
Daily Briefing Gard warns of dark fleet danger as number of uninsured ships rises | Russian crude mark-ups may reduce availability of...
Supreme Court rules in NJ's favor over exit from port watchdog agency The Supreme Court turned away New York's attempt to keep New Jersey beholden to a bi-state police agency charged with labor oversight at their jointly run port.
NFI, RoadOne expand networks with acquisitions in Canada, US Transportation and logistics companies continue to grow by acquiring competitors, and although the wave of acquisitions may have crested there is still plenty of opportunity in a soft market.
US manufacturing data offers mixed bag for truck carriers: analyst Despite negative trends being felt in some parts of the US manufacturing landscape, it's not all bad news for trucking because other sectors are poised to have volumes at or above 2022 levels, writes analyst Jason Miller.
Antwerp-Bruges Q1 volumes slip amid Europe's economic woes, Ukraine war The poor economic conditions affecting Europe's major economies and the ongoing war in Ukraine continue to drag down container volumes at the continent's second-largest port.
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.
MSC's US EVP sees import demand readying for H2 rebound The carrier executive says despite a slow start to 2023, a return to seasonal shipping patterns in August and September could follow a mid-summer lull in import demand.
US truckload carriers look to fill revenue gaps as rates fall With contract rates down as much as 16 percent in March, producer price index data indicates truckload carriers are making more use of accessorial charges.
Green Seas: Shipping welcomes EU emissions trading approval's 'strong signal of certainty' TradeWinds' weekly environment newsletter explores the reactions to the European Parliament's decision to require maritime to buy carbon credits starting in 2024
Eagle Bulk's S&P windfall comes from asset play on 'non-core' vessels Sources provide insight into Connecticut bulker owner's sale of three supramax bulkers for profitable price
Lindblad Expeditions prices $275m in bonds at 9% interest Cruise operator expects to post operating profit in range of $26m to $28m for this year's first quarter
China's strong GDP growth 'welcome news' for dry bulk sector, shipowners say All shipping sectors should benefit from country's growing economy, analysts say
Hong Kong's long-awaited first LNG regasification vessel ties up at its new berth Mitsui OSK Lines' floating regasification and storage unit has been on a six-year odyssey before arriving at its new long-term home
European Parliament votes to include shipping in EU emissions trading Industry now ready to be rolled into Emissions Trading System in 2024
Excelerate Energy CEO Steven Kobos more than doubles pay in 2022 Company head busts incentive payment target for IPO but base salary will be cut for this year
CMA CGM in talks over €5bn takeover of Bollore's transport and logistics operations Vincent Bollore's group is exiting sector after three decades
Petros Panagiotidis buying $19.5m shares in spin-off Toro to fund tanker buys Chief executive of company separated from Castor Maritime will control nearly all the equity after the deal
CMA CGM in talks to acquire Bollore's transport and logistics operations Vincent Bollore's group is exiting sector after three decades
Former DOF PSV fitted with containerised battery as part of conversion New technique offers pathway to decarbonisation for shortsea and offshore shipping
Evangelos Marinakis' Capital linked to aframax tanker sale at highest price for 15 years Greek shipowner said to have sold 2017-built ship at above current newbuilding cost
Idan Ofer's Eastern Pacific turns to China's Jiangnan Shipyard for VLGC newbuildings The company is doubling its VLGC fleet to eight with the order of four newbuildings at the Chinese shipyard
Seafarers, scams and extortion: 'There are no jobs without a bribe' Illegal charging of seafarers fees 'widespread and unreported'
Thirty open LNG newbuildings remain until end-2027, HoweRob says But ongoing tenders could fast remove most efficient vessels from this list, broker warns
UN in final $29m push to avert oil spill off Yemen UK and Dutch governments to host event next month to start oil salvage operation from decaying tanker
Suezmaxes, aframaxes facing short-term hit on Russian oil surplus, BRS says But French shipbroker believes Putin regime will have to boost output later this year
Havfram doubles up on Chinese WTIV order after contract wins Norwegian shipowner adds second offshore wind ship at CIMC Raffles to cope with new work
Euronav board now backing former CMB candidate Julie De Nul in latest vote Belgian shipping executive now considered independent, a month after tanker owner's shareholders rejected her candidacy
Russia claims Black Sea grain ship inspections have restarted Moscow blamed Ukraine for inspection delays which caused a 50-ship backlog
Bulker shipments halted as Argentina grain inspectors strike More action to come this week in tax dispute at Rosario terminals
Singapore faces criticism over crew-abandonment case City-state could have done more to speed up the repatriation of stranded seafarers, claims union
Panagiotidis buying $19.5m shares in spin-off Toro to fund tanker buys CEO of company separated from Castor Maritime will control nearly all the equity after deal
International Group clubs pull P&I insurance cover from Gatik tankers Only a handful of the Indian shipowner's tankers remain under the cover of the shipping industry's leading insurers
Wisdom Marine ups handysize bulker order tally in Japan The company has ordered three newbuildings at Saiki Heavy Industries
Maltese court auctions off former US Shipping Corp tanker for scrap Elderly chemical tanker that was almost wrecked in Malta is among nine demolition sales reported over past week
ITF secures $1m pay for crew of abandoned livestock carriers But there were contrasting fortunes for crews left adrift in Australia versus those stuck in Singapore
United Airlines' cargo sales slump 37% in Q1 United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
Geopolitics, container shipping rates and an ominous sign from Taiwan "We are starting to see ocean carriers systematically take geopolitical risk into consideration," says Xeneta's Erik Devetak.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
