VIDEO: USCG updates on hunt for missing submersible Citing reports from relatives, the BBC is reporting that a UAE-based British billionaire, Hamish Harding, is among those aboard a submersible missing in the vicinity of the RMS Titanic wreck, some 900
VIDEO: Austal USA lays keel for final Independence-variant LCS Austal USA hosted a keel laying ceremony June 16 for the final Independence-variant Littoral Combat Ship to be built at its Mobile, Alabama, shipyard, the future USS Pierre (LCS 38). Ship sponsor
HHLA and COSCO finalise minority shareholding in Hamburg box terminal Following the completion of the investment screening process, port operators Hamburger Hafen und Logistik AG (HHLA) and COSCO Shipping Ports Limited (CSPL) signed the agreement for CSPL's minority shareholding in Container Terminal Tollerort (CTT) today (19 June). Germany approves COSCO investment in Hamburg container terminal The deal gives CSPL a 24.99% interest in HHLA's CTT in Hamburg, which
APM Terminals Valencia to increase capacity and efficiency with US$4 million investment APM Terminals Valencia put into operation 11 new Terberg YT223 terminal tractors for container handling. In particular, they are new-generation vehicles, equipped with Cummins Stage 5 engines. These vehicles comply with current European Union emissions regulations. Moreover, they are part of a more extensive investment plan for APM Terminals Valencia, which also includes the upcoming commissionin
Global Ports expands equipment fleet of VSC Terminal by 20% Global Ports Group, part of Delo Group, Russia's major operator of container terminals, has relocated more than 25 units of heavy-duty port equipment from its North-Western terminals to Vostochnaya Stevedoring Company (VSC) in Russia's Far East in the past year, increasing VSC's cargo handling fleet by 20%. Its proportion of Russian maritime container handling volume climbed from 35% in 2021 to 5
US West Coast port deal eases strike tensions as SCFI and FBX indices follow WCI The closure of the past week saw two strings of activities on either side of the globe. The US West Coast Port union strike looms were dissipated to a great extent following intervention from the US authorities, despite hold-up of cargo worth US$5.2 billion and trucks in piles at ports. Ports, such as Seattle, displayed 10-day congestion at the port even as ports, such as Los Angeles and Long Bea
Pricing emissions from shipping: Where should the money go? The backbone of worldwide trade, international shipping moves more than 80% of global trade by volume. As a result, international shipping accounts for about 3% of global greenhouse gas emissions. Unless shipping moves to zero-carbon fuels and innovative technologies to green its energy footprint, the latest estimates suggest that carbon emissions will grow by 90-130% by 2050, as compared to 2008
Manzanillo port and terminal operators create new association Port terminals and operators in Manzanillo, Mexico have united to form a new alliance, the Association of Terminals and Operators of Manzanillo (ASTOM) aiming to promote and further strengthen the country's major port of Manzanillo. ASTOM includes Contecon Manzanillo S.A. (CMSA), International Container Terminal Services, Inc. (ICTSI) Mexican subsidiary, Grupo Carrix - SSA, Ocupa, Friman, Hazesa,
Maersk enhances cargo flight services Maersk is bolstering its growing freighter network between Mainland China, Southeast Asia, Europe, and the United States by increasing the frequencies of regular flights as well as introducing additional aircraft. More specifically, some of the changes that will take place are that on the transpacific corridor connecting Chicago Rockford International Airport (RFD) in the US and Hangzhou Xiaoshan
Indian west coast ports reopen after cyclone-induced shutdown Container terminals across India's Gujarat coast have resumed operations at full scale after Cyclone Biparjoy forced a total shipping halt over the past week. Sources say Mundra and Pipavav, two major cargo gateways, are slowly getting back to their scheduled vessel flows. "Operations resumed and leaped to normalcy. Mundra berthed the first vessel at 1400 hrs. on Saturday (17 June) and loaded fou
Valenciaport sees container volume fall during 2023 Valenciaport handled 7,236,365 tonnes of cargo in May, which was 6.66% less than the same month in 2022, while the total number of TEUs was 452,858, translating to a year-on-year 6.22% decrease. There were 347,619 full container units, 77,476 export units, 77,791 import units, and the rest were transit containers, according to the Spanish port's data. "If we analyse the figures for the rest of th
APM Terminals selects new managing director for Bahrain APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced that Matthew Luckhurst will be the new managing director, assuming his new role on 2 July. Luckhurst joins APM Terminals from his current role as vice president for Container Shipping at Milaha based in Qatar. He takes over from chief financial officer and interim managing director Farooq Zuberi who assumed the role aft
MSC updates service connecting North Europe with West Africa World's largest container line MSC has decided to stretch its NWC-Canary-WAF service, which provides a line between North Europe and West Africa via the Canary Islands to London (Tilbury) and Hamburg. According to DynaLiners, the updated port rotation of the service will now be London Tilbury (UK), Hamburg (Germany), Antwerp (Belgium), London Gateway (UK), Le Havre (France), Tema (Ghana), Lomé (T
Samudera secures deals for boxship duo acquisition Indonesian vessel owner Samudera Shipping Line has entered into agreements for the acquisition of two container ships. Samudera will pay US$59.9 million for the two vessels, which have a box capacity of 1,500 TEUs. The container vessels are expected to be delivered in the second half of the year. "The acquisition of the new vessels is not expected to have any material impact on the net tangible a
Mawani to build integrated bunker station at Yanbu Port The Saudi Ports Authority (Mawani) has signed a deal with Alba Nova International and Trafalgar Co. Ltd. to set up an integrated bunker station at King Fahad Industrial Port (Yanbu Port) in partnership with Saudi Arabia's Ministry of Energy. The proposed bunker station development is a US$5.3 million development, according to Mawani's statement. The operator of the 393,000 m² refueling hub intend
Pilbara Ports Authority reports steady volumes in May Pilbara Ports Authority has announced a total monthly throughput of 62.5 million tonnes in May, which is slightly increased by 1% compared to the same month last year. More spesifically, Port of Port Hedland achieved a monthly throughput of 48.6Mt, of which 48.2Mt was iron ore exports. At the same time, imports through the Port of Port Hedland totalled 196,000 tonnes, an increase of 19% compared
Sallaum Lines continues car carrier fleet expanision Sallaum Lines is lifting its car carrier orderbook with contracts for up to six dual-fuel LNG vessels at China Merchants Jinling Shipyard. The Swiss-based shipowner has booked four firm and two optional 7,400 ceu vessels, lifting the total number of car carriers ordered to date to eight, including a pair set to deliver from Fujian ...
Algoma signs for methanol-ready product tankers in South Korea Canada's Algoma Central Corporation has commissioned Hyundai Mipo Shipyard in South Korea to build two 37,000 dwt ice-class product tankers in a deal worth around $96m. The vessels will deliver in the first quarter of 2025 and go on a long-term charter with Irving Oil under the Canadian flag, servicing the energy company's refinery in ...
COSCO finalises Hamburg terminal stake buy COSCO Shipping Ports Limited has signed an agreement with HHLA to acquire a minority shareholding in Container Terminal Tollerort.
Wisdom returns to Tsuneishi for handysize bulker newbuild Taiwanese shipowner and operator Wisdom Marine is adding more handysize bulkers to its orderbook. In a regulatory filing, the Taipei-based company said it would pay $34m for a 42,200 dwt unit to be built at Tsuneishi Shipbuilding in addition to a trio of 82,300 dwt bulkers under construction at the yard. The country's largest dry ...
Bumi Armada JV scores FPSO contract extension in India Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have secured a charter extension from India's state-owned Oil & Natural Gas Corporation (ONGC) for a floating production, storage and offloading vessel operating in the Cluster 7 field about 210km off the west coast of Mumbai. A one-year extension ...
Bulk cargo carrier master and chief engineer charged in 850kg cocaine bust The Australian Federal Police has charged two senior crew members from a bulk cargo carrier for their alleged roles in the importation of around 850kg of cocaine into Australia.
Samudera buys containership duo for $60m Singapore-listed Indonesian owner Samudera Shipping Line has added two 1,900 teu containership vessels to its fleet.
Subsea 7 calls off DOF takeover bid Kristian Siem's Subsea 7 has dropped its pursuit of restructured Norwegian offshore vessel owner DOF just days after launching a takeover bid. The Oslo-listed company made a proposal on Friday to acquire the entire issued share capital of DOF at NOK35 ($3.3) per share, comprising NOK7 in cash and NOK28 worth of new shares, offering ...
Seacon seals sale and leaseback for kamsarmax newbuild Hong Kong-listed Seacon Shipping has entered into a sale and leaseback deal with a Singapore-based subsidiary of China's BOCOM for one of its kamsarmax bulk carriers currently under construction. The Qingdao-based company is selling the 85,000 dwt vessel set to deliver from Guangzhou Wenchong by October 31, 2023, for $27m. The bulker will be bareboat ...
Winning pays $16.5m for latest cape Singapore-based Chinese cape specialist Winning International Group has sealed its third ship deal this year. The Sun Xiushun-led player has emerged as the highest bidder for the 16-year-old Japanese-controlled capesize, named Atlantic Tiger, a 180,000 dwt, Imabari-built vessel. The ship fetched $16.5m. Winning now has 40 capes in its fleet, largely involved in the West ...
Cosco Shipping Specialized Carriers to install Marjan offshore platforms Cosco Shipping Specialized Carriers has won a bid to transport and install the PK1 offshore platform on the Marjan oil field offshore Saudi Arabia.
Ecowende building most nature-friendly wind farm ever Shell and Eneco joint venture company Ecowende is going to build a wind farm with various innovations implemented that will decrease its effects on birds, bats and marine mammals.
Bulkers collide at Tarragona port Two bulk carriers suffered heavy damage after colliding in the Spanish port of Tarragona in the early afternoon of Saturday. A 75,500 dwt Elena Ve owned by Greece's Golden Union struck moored Polsteam's 82,100 dwt Karpaty while proceeding to berth with tugs' assistance. The video footage available on social media shows the 2013-built Polish kamsarmax ...
Pay details emerge for new US west coast dockworker contract Details of the deal hatched between unions and employers covering 22,000 workers at 29 US west coast ports have emerged. After a fraught 13 months of stalled negotiations, walk-outs and cargoes emigrating to alternate locations, the new six-year contract, which still has to be approved by union members and terminal operators, sees dockworkers winning a ...
Danaos builds up stake in Eagle Bulk Greek containership owner Danaos has quietly accumulated close to a 10% stake in Eagle Bulk Shipping in recent months. A recent filing to the US Securities and Exchange Commission (SEC) revealed that the John Coustas-led boxship tonnage provider picked up around 1.37m shares, equal to 9.99% of the Gary Vogel-led bulker owner's stake. The swoop ...
Stoic Ukraine response to Russian missile attacks fools no one Ukrainian seafarers and shore staff are a vital source of highly competent human resource as shipping transitions to a new...
Nordic market could lose ground in hull, Norwegian Hull Club concedes Nobody would set up a hull mutual in 2023, admits chief executive Hans Christian Siem. But NHC is making an...
How Logothetis' long view payed off in the past and where it's looking next After selling more than 50 containerships, the group has acquired tankers and bulkers for greater balance in its fleet while...
Adaptable Greeks adjust their sails again Difficulty in attracting and training sufficient young officers to keep pace with their massive fleet is another priority for Greek...
EBRD to fund green maritime investments in Türkiye EBRD will provide €70m to modernise Türkiye's ageing fleet and port infrastructure as part of its Maritime Decarbonisation and Green Shipping...
The week in newbuildings: Sallaum Lines boosts PCTC orderbook Sallaum Lines has confirmed that it has ordered six dual-fuel, LNG pure car and truck carriers from China's CMHI Jinling...
The week in charts: Activity slowing at Ukraine's seaports | Lloyd's Register further reduces dark fleet exposure | Weak volumes keep a lid on boxship freight rates Greek voyages evolve in line with changing trade lanes, Cadeler-Eneti merger to create offshore wind juggernaut and methanol containership orderbook...
'We have not seen a market like this,' says Nikolas Tsakos Tsakos Energy Navigation chief executive Nikolas Tsakos tells Lloyd's List about his company's first 30 years, why he thinks public...
Plenty of gas in the tank for Greek fleet investment Since John Angelicoussis inked the first Greek LNG carrier newbuilding deal in 2003, a dozen Greek owners have invested in...
Hong Kong port connectivity rebounds to pre-pandemic levels China not only maintained its place at the top of the rankings but also built on its lead, with a...
Navigation safety trial morphs into living lab for AI platform This partnership goes far beyond a customer paying a licence fee. It reveals how productive it can be to work...
Seacon strikes sale-and-leaseback deal with Bocomm for kamsarmax bulker Seacon says it will use the leverage to facilitate its fleet renewal and expansion strategy
Panama falls to 'Grey List' in Paris MOU rankings The Paris Memorandum of Understanding assess flags' performance in port state control inspections over a three-year period. Denmark retained the...
Daily Briefing The View: US west coast labour talks: ILWU blinked first | Price cap forcing Russia to consider 'desperate' changes, US...
'Significant moment': UN adopts landmark ocean biodiversity treaty International Chamber of Shipping welcomes High Seas Treaty after two decades of negotiations
'Historical shortcomings': Swedbank reaches settlement with US over deals with Crimea shipowner As bank agrees to pay $3.45m to set aside Ofac case, other US investigations continue
Search operation starts as Titanic submersible goes missing The US and UK last month called for greater protection for the site in a letter to the International Maritime Organization
Video: If shipping can't attract young female grads, 'we will be in big trouble soon' Norwegian Shipowners' Association president Synnove Seglem says industry needs to be attractive to all
Russia advances Arctic LNG plans as key units enter NSR from east and west First giant FSU inbound to Murmansk and modules for sending liquefaction train start passage from China
'Towering' British shipping lawyer Douglas Bateson dies in Athens car crash Piraeus head of Penningtons Manches Cooper had built a solid reputation after four decades
CIT Bank plants flag in Greece with buyout of $123m loans portfolio Purchase from HSBC will help shipping lender expand its presence in key market
Ownership change at Tidships as Lorentzen & Co hangs in the balance One Tidemand sister buys out the other as Tidships explores options for 104-year-old shipbroker
Master and chief engineer charged after huge cocaine seizure on supramax bulker Montenegrins appear in court in Australia in relation to St Pinot drugs discovery
Methanol dual-fuelled ship orders spike to close gap on LNG, Clarksons says Broker tallies 42 contracts for methanol-powered vessels so far in 2023
Famed fleet builder Peter Georgiopoulos shuns newbuildings amid fuel uncertainty Shipping entrepreneur is hopeful that a revolutionary technology will emerge to fuel the vessels of the future
WindWings get full DNV approval for fitting to MC Shipping and Berge bulkers Technology can now be installed on any DNV-classed vessel, either as a retrofit or newbuild
LNG carrier rates tip upwards as charterers thoughts turn to winter Vessel availability tightens as gas prices rise in Europe and Asia
Video: When the LNG spot market 'started not to function' Economics of LNG cargoes has put ships in the hands of traders, turning spot market into 'relet market'
VLCC rates 'skyrocket' past $100,000 as long-haul bookings jump Analysts note 'fantastic' week for big tankers, with Middle East and Atlantic basin bookings rising
Peter Georgiopoulos backs emissions project as regulators tighten the screw Live emission monitoring projects come to market as industry grapples with tougher targets
Oldendorff newcastlemax holed in grounding after rudder indicator failed Australian accident report reveals substantial damage
Golden Union and Polish Steamship bulkers damaged in collision in Spanish port Kamsarmax is holed amidships and panamax's bow is mangled
Reuben brothers sue Trafigura over missing nickel cargoes in huge fraud row Cases in Singapore and UK tied to Trafigura's loss of nearly $600m in deals with Indian businessman Prateek Gupta
EU-flag requirement starts to bite for Greeks as new law kicks in Hellenic shipowners will henceforth have to make sure the share of their vessels flying European flags does not decline
Golden year for Norway's Stenersen after buying Maersk Tankers quartet Product tanker specialist also rings in the generational changes among owning family
DOF rejects takeover offer by Siem's Subsea 7 ahead of John Fredriksen-backed IPO Bank-controlled offshore vessel owner turns down bid as too low and too late
Sallaum Lines raises newbuilding tally with $540m car carrier order Up to six LNG dual-fuelled 7,500-ceu car carriers inked at CMHI Jinling
Video: DHT chief explains how tanker market can overcome 'underinvestment' challenge Svein Moxnes Harfjeld says oil companies may have to partner shipowners to stimulate investment
Swedish Club looks to build its core business in uncertain times New boss Thomas Nordberg turns to digitalisation to make its business more resilient
MSC and Meratus scrap older boxships as Wan Hai circulates feeder-size sextet Three container ships and two bulk carriers were reported sold for recycling last week
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