Steve Scalise receives SCA Maritime Leadership Award The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, has presented U.S. House Majority Leader Steve Scalise (R-Louisiana) with the SCA Maritime Leadership Award.
MSC eyes ammonia dual-fuel containership Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (MOU) that would give it the option of adopting ammonia as a zero-carbon main propulsion fuel for future newbuilding contracts. The other
FTA: $220 million available for ferry grants Back in January, the Federal Transit Administration (FTA) announced the award of more than $384.4 million in federal funding for ferries programs. Today, the agency set the process for the next round
AD Ports Group and Karachi Port Trust ink strategic MoU By signing a Memorandum of Understanding (MOU) with the Karachi Port Trust (KPT), AD Ports Group has taken an important step towards increasing regional connectivity and encouraging economic growth in Pakistan. The MoU signifies a common ambition to foster sustainable growth, promote trade diversification, and improve bilateral connections between the UAE and Pakistan. The partnership includes a
CMA CGM AIR CARGO adds new destination in India CMA CGM AIR CARGO has announced the opening of a scheduled route between Paris in France and Mumbai in India, strengthening its combined offer with Air France KLM Martinair Cargo Group. CMA CGM AIR CARGO will serve the international airport in Mumbai with four weekly flights from 12 May with an A330F aircraft. The post CMA CGM AIR CARGO adds new destination in India appeared first on Container Ne
VCFI finished 2022 down 11.3% The Valencia Containerised Freight Index (VCFI), which measures the trend and evolution of container transport costs by sea from the Port of Valencia, ended the financial year 2022 at 3,603 points, a year-on-year drop of 11.3% (December 2021 ended at 4,063 points). The VCFI anticipates a total gain of 260% since the start of the historical series in January 2019. The VCFI also showed distinct beh
Wan Hai Lines adds new call in America East Coast service Wan Hai Lines AA7 service added a direct call at the port of Colombo. The first vessel will be Wan Hai A10 voy.001 and will arrive in Colombo on 16 May 2023. The service will be operated by 12 container vessels with a capacity of 8,500-13,100 TEUs, strengthening the service coverage between Indian subcontinent and USA, according to Wan Hai. The service rotation will be, is Shanghai (China) - Ning
Contecon Guayaquil S.A. welcomes ZIM's Colibri Express service Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.'s (ICTSI) Ecuadorian unit, recently handled the inaugural call of Zim Shipping Line at the port of Guayaquil. In particular, ZIM recently launched their ZIM Colibri Express (ZCX) service, an independent weekly service from South America West Coast to US East Coast. The ZCX service places emphasis on refrigerated cargo
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years "Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years," says Niels Rasmussen, chief shipping analyst at BIMCO. As recycling volumes increase, it is increasingly important that the Hong Kong International Convention for the Safe and Envir
Additional 35% pressure on US port capacity Sea-Intelligence noted that in the pre-pandemic period in 2018-2019, the median time spent in port was relatively stable around 16.5-17 hours, based on data from United Nations Conference on Trade and Development (UNCTAD). This then increased to 20 hours at its peak during the pandemic in the second half of 2021 and first half of 2022. The pandemic disruptions and the increase in volumes, contrib
Global bunker indices noted medium decline The global MABUX bunker indices declined moderately. The 380 HSFO index dropped by US$1.48, to US$477.66/MT. The VLSFO index fell by US$6.09, to US$596.77/MT. The MGO index decreased by US$4.33, to US$800.50/MT. "The market downtrend persisted at the time of writing," commented a MABUX official. The Global Scrubber Spread (SS) - the price difference between 380 HSFO and VLSFO - decreased by US$4.
Hapag-Lloyd appoints new senior managing director for North Europe Joerg Sonne will take over as senior managing director of Region North Europe, following Martin Rolf, who will take over the position as managing director of human resources. Sonne will begin his new role on 1 June 2023. In addition, Sonne joined Hapag-Lloyd following the merger with UASC and directed Area Arabian Gulf effectively from 2017 to 2022. He has been Area Germany & Central Europe manag
New temporary barge quay ready as upgrade project works commence at Antwerp's Europa Terminal The first phase of the renewal of Antwerp's Europa Terminal is underway with a new barge quay having been constructed. The purpose of this construction is to keep offering the same level of service during the extensive works and to continue to encourage the modal shift. The barge quay is already operational and is temporarily creating additional mooring space for inland navigation. The quayside a
AD Ports signs Karachi port infrastructure deal Abu Dhabi's AD Ports Group has inked a memorandum of understanding with the Karachi Port Trust of Pakistan that paves the way for increased efforts in the infrastructure development, expansion, and digitalisation of port projects within Pakistan. A senior delegation from the United Arab Emirates, led by Mohamed Juma Al Shamisi, managing director and Group ...
MSC sets sights on ammonia dual-fuel ships Mediterranean Shipping Company (MSC) has tapped class society Lloyd's Register, German engine manufacturer MAN Energy Solutions and Shanghai Merchant Ship Design & Research Institute (SDARI) for a design for the ammonia dual-fuel operation of its containership. A memorandum of understanding between the parties will see the development of technical specifications and associated design documents fo
Belgium gets a glimpse of autonomous shipping future Two of a series of 10 pioneering inland barges have been christened this week in Antwerp, giving shipping a glimpse of its potential unmanned future. Naval Inland Navigation's series of so-called drone ships are controlled from a control room on land. The first two vessels - River Drone 1 and River Drone 2 - have ...
Saipem wins two contracts worth $850m Italian offshore engineering and construction player Saipem has landed two new contracts worth a total of around $850m. The first contract involves the second phase of the Sakarya gas field development project in the Turkish Black Sea waters. The work scope covers engineering, procurement, construction and installation of a 175 km long pipeline at 2,200 ...
Samsung Heavy seeks Chinese help to churn out massive orderbook Samsung Heavy Industries, a Korean yard with an enormous backlog of vessels to build, is contracting work out to Chinese yards. Samsung Heavy, which in the past had a yard near Ningbo fabricating hull blocks, has subcontracted hull assembly to two yards in China including Hengli Shipbuilding, a yard formerly known as STX Dalian, which ...
Hanjin Subic yard gear up for sale Ahead of potential new tenants moving in, much of the old kit from Hanjin Subic shipyard is being auctioned off by Amsterdam-based Hilco Industrial Acquisitions. The giant yard in the north of the Philippines was created by Hanjin Heavy Industries & Construction nearly 20 years ago. US private equity firm Cerberus Global Investment acquired the ...
Bunker craft operator banned in Singapore Another bunker name has been struck off the approved list in Singapore. The Maritime and Port Authority of Singapore (MPA) has said it will not be renewing the bunker craft operator licence of New Maritime and it will expire on June 16. "MPA has zero-tolerance for any type of fraud, corruption or bunkering malpractice," the ...
CBED clinches new vessel contract in German North Sea Offshore accommodation specialist CBED has secured more work for its walk-to-work service operation vessel in the German North Sea. The 1999-built will be utilised on Ørsted's Gode Wind 3 and Borkum Riffgrund 3 wind farms from the first quarter of 2024 until the end of the fourth quarter of the same year. The contract will ...
Allseas and Heerema bag Tennet platforms installation deal Offshore construction specialists Allseas and Heerema Marine Contractors (HMC) have secured multi-year framework agreements with transmission grid operator TenneT to transport and install at least 14 supersized offshore wind converter stations in the Dutch and German parts of the North Sea. Under the framework deal, which covers at least twenty-eight slots for fourteen jackets and ...
Blowing away barriers on International Day for Women in Maritime Shipping's ambitious goals have created unique opportunities for women across industries to bring their experience and skills to support maritime's evolution, writes Diane Gilpin, CEO of Smart Green Shipping. Industrial sectors are increasingly vying to attract individuals with the necessary skill-sets and aptitude to drive their businesses forward. With its 'salty sea dog' reputation, shipping ...
HSG Sungdong makes strides in offshore wind A Korean shipyard has taken a big step forwards in the offshore wind sector. HSG Sungdong Shipbuilding & Marine Engineering has won a multi-million dollar contract from Danish utility Ørsted to supply offshore wind power substructures for a power complex being built offshore in Changhua, Taiwan. Renewable energy produced from a 920 MW wind farm ...
AI and automated ships pose new challenges in casualty liability Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters has cautioned. Sir Nigel Teare raised the concern as he suggested that a recent case, in which the Supreme Court in the UK confirmed ...
ZIM invests in vehicle inspection start-up Israeli carrier ZIM has invested in Spinframe, a company which has developed vehicle inspection systems based on artificial intelligence (AI), computer vision, and machine-learning technologies, that create digital twins for vehicles throughout the supply chain and detect anomalies from the assembly line throughout the vehicle journey to the dealership and end customer. Spinframe's monitoring pla
Towards a more successful and progressive maritime industry On International Day for Women in Maritime, Dane Treasure, a third year marine engineering cadet at Caribbean Maritime University, writes for Splash on how she draws inspiration in what remains a heavily male-dominated industry. Females have always been a minority in the maritime industry. Besides, many are still of the belief that maritime is a ...
Price cap is working insists US Treasury as G7 meeting kicks off As the G7 leaders gather in Japan to discuss new sanctions and a tightening of existing measures against Russia, the...
Tanker owners stay positive as profits projected for fifth consecutive quarter Second-quarter guidance to investors suggests rates have moderated but low fleet growth and increased tonne-miles will increase utilisation and keep...
Collaboration is one way of achieving gender equality in maritime, IMO chief says 'There is still a significant gender imbalance in maritime,' says IMO secretary-general Kitack Lim, and while times are changing, 'we...
Global grain shifts may support dry bulk market Higher corn exports from Brazil will boost long-haul employment of panamaxes and supramaxes, partly offset by lower wheat shipments from...
MSC makes first move for ammonia-fuel containerships MSC has signed a Memorandum of Understanding with Lloyd's Register, engine designer MAN Energy Solutions and China's leading ship designer...
Carriers use inventive solutions to absorb capacity Container lines are looking to prop up rates in a market defined by falling demand and rising supply. There are...
Vladivostok volumes continue to rise on access to China's domestic transhipment trade Beijing will allow domestically traded cargo from a key agricultural and industrial province in the north, to transit through Vladivostok...
Maersk sells more boxships while Messina halves deepsea ro-ro fleet Technomar Shipping of Greece is said to have purchased two 8,648 teu Maersk 'S-class' boxships, while Italy's Messina Lines has...
Bulker undergoes repairs after tank damage off Brazil The 207,609 dwt vessel suffered damage to ballast tanks while exiting the Bay of Ilha Grande, according to the Brazilian...
Cosco partners with PWL Shipping to expand car shipping services into Europe Co-operation between two parties aims to capitalise on China's accelerating car export growth. Cosco Shipping Car Carriers is planning to...
Arbitration finds in favour of Panama in canal dispute Construction of a third set of locks on the Panama Canal was plagued by contractual conflicts and delays. The ICC...
Daily Briefing Dark fleet tanker loses engine power transiting Danish waters | Euronav AGM completes boardroom clean-out as shareholders size up future...
Crowley-managed Stena Bulk tankers to join US government's Tanker Security Program Three tankers, which are part of a joint venture between Crowley and Stena Bulk US, have been accepted to a...
US-Mexico cross-border trucking expanding on manufacturing demand, nearshoring Greater demand for manufactured goods, especially automotive parts, is spurring Mexico-to-US cross-border trucking, with more nearshoring of production on the horizon.
Lower volumes translate into better North American intermodal service: survey Customers were largely satisfied with intermodal service in early 2023, citing CSX and J.B. Hunt as the top overall providers in North America, according to a Journal of Commerce biannual survey.
Hopeful wind OEMs look for rebound after emerging from pandemic Quarterly earnings reports reveal that wind turbine manufacturers are slowly recovering from a pandemic market battering as orders and revenues ramp up.
California container volumes slump as labour talks push cargoes to East Coast Port of Los Angeles' April container volume is down 22% from a year ago
Amid Russian grumbling, Black Sea grain corridor is rolling again Moscow suggests extension for another two months was largely a favour to Turkish mediators
Comment: From a deluge in Florida, a lesson in port resilience Gas shortages in South Florida showed how extreme weather from climate change can impact ports and reverberate into the economy
Dorian LPG expects to smash revenue record as VLGC rates jump again Owner expects to have banked up to $133m in three months to 31 March
Did someone say outperform? How sagging listed dry owners fared on the water in 2022 This week's Streetwise takes a look at operating performance for 23 publicly listed companies, and why it might or might not correlate with valuations assigned by investors
United Maritime maintains dividend, despite first-quarter loss Seanergy spin-off eyes a very profitable sale of its last tanker
Owner of seized crude tanker Niovi insists it had 'no links to Iran whatsoever' Greek manager says Iranian authorities have still not explained themselves
Chief engineer sues Maersk for wrongful firing in Midshipman X rape probe But Maersk says seafarer was present while his subordinates were drinking on board and did not stop it
Shell pumps £50m into chartering arm Stasco as profit swells Energy major's shipping service operation made plenty of money last year, accounts reveal
Golden Ocean Group CEO: We have proven you can renew your fleet and still pay dividends It has been an 'exhilarating three years', Ulrik Andersen tells TradeWinds
Senegal's first LNG cargo for KARMOL FSRU changes course for Brazil Yawning gulf on price said to have scuppered project's latest chance at commercial start-up
Crowley and Stena fix three MR tankers to US energy security programme Joint venture company will reflag modern tankers to the US for government work
Regional Container Lines splashes out $47m for brace of feeder container ships Fleet renewal continues as profits return to earth for Thai feeder operator
Danes fear 'catastrophic' pollution as tanker carrying Russian oil breaks down in Baltic Vessel acquired by rapidly expanding UAE owner Radiating World suffered engine problems on Monday
Danish concern mounts as tanker carrying Russian oil breaks down in Baltic Vessel acquired by rapidly expanding UAE owner Radiating World suffered engine problems on Monday
We must promote women to tackle shipping's great challenges, says IMO chief Kitack Lim says the industry has to ensure that workplace culture and attitudes are fit to embrace a diverse workforce
'Tomorrow is yours to win': shipping leaders speak out on IMO women's day To celebrate the IMO International Day for Women in Maritime, shipping's leading females are passing on some of their tips for reaching the top
'Never stop learning': female shipping leaders give advice for women on the rise To celebrate the IMO International Day for Women in Maritime, shipping's leading females are passing on some of their tips for reaching the top
UAE makes radical U-turn to back tougher emission target ahead of crunch meetings Energy minister tells IMO it supports a revised 2050 goal
IMO 'will agree ambitious carbon cut target' says Europe's candidate to head UN agency Finland's Minna Kivimaki says Europe is aligned with other IMO member nations in its commitment to global rules, with more action needed on enforcement
Harry Vafias' Imperial Petroleum back in favour with Nasdaq after share price boosted Tanker owner carries out reverse stock split to regain compliance with listing rules
Panama Canal survives $671m claim from lock contractors GUPC Miami tribunal dismisses latest legal bid in row over huge expansion project
Newest Great Lakes bulk carrier grounds in Detroit river The Mark W Barker is being inspected after refloating on Wednesday
Surge in LNG carrier traffic helps boosts profit at Milford Haven Welsh port said activity has been boosted by global events such as Russia's invasion of Ukraine
Meet the energy major trailblazing a path for women in marine fuelling Nearly half workforce are female and there is an equal split between women and men on top management team
Engineer Louise Tricoire embarks on her next voyage of discovery TotalEnergies Marine Fuels' relatively new VP has been on a deep dive into decarbonisation before jumping into marine bunkering
TotalEnergies Marine Fuels sees rise in spot enquiry for LNG bunkers New head of French energy major's fuelling arm says LNG 'is not a perfect product' but combined with bio-methane it has a 'great future'
Brokers feeling 'spoiled' as new investors push up very firm tanker prices Older clean tankers keep changing hands as fresh buyers line up to enter market
Star Bulk Carriers 'positive' on iron trade for second half of 2023 China built a lot of new floor spaces in the first quarter, chief executive Petros Pappas says
IMO must address 'ghost fleet' rule breaking, says Europe's candidate to head UN agency Finland's Minna Kivimaki says Europe is aligned with other IMO member nations in its commitment to global rules, with more action needed on enforcement
Weak freight rates push Grindrod Shipping to first quarter loss Singapore-based shipowner rides out the weaker first quarter of the year ahead of expected market strengthening
Flexport names Uber Freight chief to lead digital truck unit Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
Startup CMA CGM Air Cargo expands network to India CMA CGM Air Cargo is trying to find its footing as a new airline. It has begun flying to India instead of the U.S.
WestJet initiates controlled shutdown as pilot strike looms Cargo shipments will cease on Friday as WestJet pilots walk off the job. The airline is trying to avoid a chaotic situation by taking down aircraft ahead of the deadline.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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