Russia follows grain deal pull out with missile strikes, demands and threats to merchant ships Following two nights of missile and drone strikes that reportedly destroyed 60,000 tonnes of grain in Ukraine's port of Odesa region, Russian President Vladmir Putin today set out his demands for renewing
NTSB releases report on fishing vessel Grace Marie sinking The failure of the doubler-plated hull under the engine room likely caused the flooding and sinking of the 1978-built fishing vessel Grace Marie near Gloucester, Mass., last year, the National Transportation Safety
Key Equipment Finance leads $177.5 million Pasha Hawaii financing Superior, Colo., based Key Equipment Finance, a division of KeyBank, reports that it recently served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii's second
B.C. port strike resumes as union walks away from tentative deal Collective bargain works, until it doesn't. The tentative deal between the British Columbia Marine Employers Association (BCMEA) and the ILWU Canada announced July 14, didn't last long and striking workers were back
Birdon America awards first Waterway Commerce Cutter (WCC) subcontracts Denver-based Birdon America, Inc. a subsidiary of Australia's Birdon Pty Ltd, reports that it has awarded a first round of major subcontracts in support its $1.187 billion contract to design and build
Green methanol supply chain starts coming together When LNG first started gaining traction as a marine fuel, there was a lot of talk about chickens in eggs around issues of supply, demand an infrastructur
Steady cargo volumes at Port Houston Port Houston handled 315,983 TEUs in June 2023, making the total for the year so far more than 1.8 million TEUs, a decrease of just 2% compared to last year's record-breaking year. Houston's loaded exports continue to lead the way, with 673,228 TEUs through the first half of the year. This is an increase of 12% compared to the same period in 2022. At the same time, loaded imports are down 7%. Add
Port of Tacoma accelerates net zero emission target by 10 years The Port of Tacoma Commission voted unanimously to phase out greenhouse gas emissions under the port's direct control by 2040, accelerating the target from 2050. More specifically, the commission addressed what are called scope 1 and scope 2 greenhouse gases, which represent direct emissions from Port-owned and operated buildings and vehicles, and electricity purchased for Port facilities. This c
Maersk opens new Atlanta air cargo hub A.P. Moller - Maersk has inaugurated a new 11,450 m² (123,000 ft²) air freight gateway near Atlanta Hartsfield Jackson International Airport (ATL) in Georgia, US. The new gateway offers direct planeside recovery with immediate unit load device (ULD) transfers to the new facility, according to Maersk's announcement. "Our Atlanta facility enhances our offering, providing customers with superior sup
SC Ports sees 2.6 million TEUs in fiscal year 2023 South Carolina Ports (SC Ports) handled nearly 2.6 million TEUs and 1.4 million pier containers in fiscal year 2023 (1 July - 30 June). SC Ports noted that while this is a 10% decrease from the fiscal year 2022, when pandemic spending drove an extraordinary freight boom, volumes are up 1% from the fiscal year 2021, which was a "more ordinary year". Additionally, SC Ports handled 203,091 TEUs and
IMO appoints new Secretary-General The International Maritime Organisation (IMO) Council elected Arsenio Antonio Dominguez Velasco of the Republic of Panama as the new Secretary-General for the next four years. Valesco's term will begin on 1 January 2024, after the termination of the contract of the current Secretary-General, Kitack Lim on 31 December 2023. The decision was made during the 129th session of the IMO Council, which i
DACHSER accelerates zero-emission initiatives in Europe DACHSER Netherlands is putting its first e-trucks into operation. The company believes it is an important step on the road to zero-emission deliveries in the future "Zero Emissions Zones" for urban logistics (ZES zones) in the European country. The first e-truck that DACHSER Netherlands is now using in Waddinxveen is the Volvo Electric FL 4x2. With this battery-electric truck, the logistics provi
Carriers on India-Europe trade see no rate slide letup ahead of FAK hike plans The market outlook for container carriers operating on India-Europe trades appears to be darkening with no let-up seen in the freight rate erosion. Average rate levels on the trade lane have hit new lows over the past week, compared with the averages reported earlier this month. According to market sources, booking rates from Nhava Sheva (JNPT) or Mundra in India to Felixstowe or London Gateway i
New CEO at Jordan's Aqaba Container Terminal Harald Nijhof has been appointed as the new chief executive officer (CEO) of Jordan's Aqaba Container Terminal (ACT), the gateway for import and export cargo trading between the Levant region and the rest of the world. Harald Nijhof will succeed Soren Jensen, who has led ACT, which is part of Maersk-owned APM Terminals, for the previous two years. Nijhof has experience in the maritime industry br
Maersk builds new distribution center in Singapore Maersk began construction works on a new distribution centre of more than 100,000 m² (1.1 million ft²) in Jurong West aiming to strengthen its omnichannel-fulfillment capabilities in Singapore. The ground-breaking ceremony was held today (19 July) and the facility is expected to be completed in the first quarter of 2025. The new World Gateway 2 distribution center is located in the industrial are
ONE launches new intra-Asia service Singapore-headquartered ocean carrier Ocean Network Express (ONE) will launch a new service connecting Thailand, Vietnam, China and Japan. The new direct service Thailand Hakata Express (THX) will have the following port rotation: Bangkok (Thailand) - Laem Chabang (Thailand) - Ho Chi Minh (Vietnam) - Nansha (China) - Hakata (Japan) - Osaka (Japan) - Kobe (Japan) The container shipping company sai
SeaLead opens new office in India SeaLead has announced the establishment of a new office in Mumbai, India, aiming to expand its operations in South Asia. SeaLead said the Mumbai office is expected to be a significant centre in the company's operations, providing a variety of solutions to address the rising demands of local consumers. The new office, led by Shiva Mahadevan, managing director for South Asia and the Middle East at
COSCO Shipping Ports reports steady box volumes COSCO Shipping Ports Limited (CSPL) reported a slight increase of 0.8% in its total container throughput in June, compared with the same month last year, reaching 8,963,000 TEUs. Shanghai Mingdong Terminal saw a strong rebound this month due to the low base effect caused by serious waves of Covid during the same period last year, while throughput at CSP Wuhan Terminal, CSP Abu Dhabi Terminal and
Port of Tyne secures US$130 million refinancing package Port of Tyne has successfully secured a US$130 million (GB£100 million) refinancing package in collaboration with the UK Infrastructure Bank, Pricoa Private Capital, and Lloyds Bank. This 10-year financing arrangement sets a national precedent for a British major trust port, further reinforcing the Port of Tyne's commitment to green energy and smart logistics. Under this new financing package, th
Canada port strike resumes The port workers' strike on the West Coast of Canada has resumed after the disapproval of the tentative four-year wage agreement . International Longshoremen and Warehouse Union (ILWU) Canada Longshore Caucus has voted down the mediators' recommended Terms of Settlement, as it does not believe the recommendations had the ability to protect dock workers' jobs. "Our position since day one has been
WeFreight expands in Mexico WeFreight, a logistics solutions provider, has announced the official launch of its operations in Mexico. Experienced executive Miguel Trejo, who will be the managing director of WeFreight Mexico, commented, "Mexico is a dynamic market with a growing economy, and we are delighted to be part of its logistics future. We are committed to leveraging our extensive experience and industry knowledge to
Corio sets sights on Philippine offshore wind Corio Generation, an offshore wind portfolio company of Macquarie's Green Investment Group (GIG) is looking to add to its fast-growing offshore wind pipeline across the Asia-Pacific with project proposals for upcoming auctions in the Philippines. The government of the archipelago of more than 7,600 islands is looking to reach a target of 35% renewables in ...
SBM Offshore targets floating wind in Nova Scotia Dutch-based SBM Offshore and Ireland's renewable project developer DP Energy have set up a joint venture to pursue floating offshore wind energy opportunities off Nova Scotia, Canada. The duo said they would work to support Nova Scotia's ambitious climate action targets and "contribute meaningfully" to the phasing out of coal from the grid. The Canadian ...
Canada dockworkers ordered to end strike A renewed strike by the International Longshore and Warehouse Union Canada has been declared illegal following a ruling by the Canada Industrial Relations Board (CIRB). Canada's labour minister, Seamus O'Regan, said in a tweet the labour watchdog ordered that the union cease and desist any strike activity because it did not provide 72-hour notice. The ...
Agricore signs for pair of kamsarmaxes at Chengxi Shipyard Chinese owner Agricore Shipping is expanding its fleet of bulk carriers with a newbuilding deal at the domestic yard. The secondhand buyer has selected CSSC-affiliated Chengxi Shipyard for its first pair of kamsarmax newbuilds scheduled for delivery in 2026. Established in 2016, the Qingdao-based outfit entered shipowning with its first bulker buy at auction in ...
MAN developing methanol retrofit solution for medium-speed engines Ship engine manufacturer MAN Energy Solutions will start developing retrofit solutions for medium-speed marine engines as part of a research association including WTZ Ro�lau Gmbh and TU-Darmstadt. The three-year research project called CliNeR-ECo is funded by the German Federal Ministry for Economic Affairs and Climate Action with initial work already underway. CliNeR-ECo will develop concepts ...
Port of Tacoma shortens net zero target by a decade The Port of Tacoma will phase out greenhouse gas emissions under its direct control by 2040, accelerating the target from 2050. The commission addressed Scope 1 and Scope 2 greenhouse gases, which represent direct emissions from Port-owned and operated buildings and vehicles, and electricity purchased for Port facilities. This contrasts with Scope 3 emissions, which ...
Gram Car Carriers increases stake in managed car carrier Norwegian tonnage provider Gram Car Carriers (GCC) has bought an additional interest in one of its managed ships. GCC made two separate announcements stating that it would acquire 39% and 15.9% equity ownership in Gram Car AS, a single-purpose company owning the pure car truck carrier . The 39% stake in the 2010-built 5,000 ceu ...
Study suggests 39% of all bunkers have fuel content discrepancies FuelTrust has released a new report examining bunker discrepancies in the maritime industry, which includes examples of unethical practices and fraudulent activities related to bunkering. FuelTrust's analysis found that between 2021 and 2022, more than 39% of global bunkers exhibited a fuel content delta of 2% or more compared to the amounts stated in their ...
Sinopec fleet renewal plans gain momentum Sinopec's fleet renewal plans are taking shape as it offloads another ageing tanker. Splash reported recently that the Chinese oil and gas player released one tanker, shaving off the 47,000 dwt, Beacon Hill, an 18-year-old, Onomichi-built ship, for $19m. Broking sources now reveal the same sized, 2003-built, Phoenix Hill, has also been sold for around ...
Lomar bulks up with supramax and kamsarmax buys Lomar Shipping continues to grow its bulk carrier fleet with the addition of two more Chinese-built vessels. The UK-based shipping subsidiary of Libra Group has purchased the 2010-built supramax Chris from Greece's Seadar Shipmanagement for a reported price of $12.5m. The Cosco Guangdong-built 56,838 dwt ship will be renamed the Rome Trader. Libra has also ...
Capital Maritime orders world's largest LCO2 carriers from Hyundai HD Korea Shipbuilding & Marine Engineering, a subsidiary of HD Hyundai, has won an order for two world's largest liquefied carbon dioxide (LCO2) carriers from Greece-based Capital Maritime Group. The contract for the construction of two 22,000 cubic metre LCO2 carriers awarded by the Evangelos Marinakis-led company is worth KRW 179bn ($141,5m). The carriers will ...
Europe's banking retreat from ship finance continues An annual survey from Greece has shown how the market share of European banks as a source of global ship finance has dropped below 50% for the first time with notable scaling back in the sector from the likes of HSBC and across Germany. Banks as a whole remain far less committed to funding shipping ...
Nexans wins $1.6bn EuroAsia Interconnector contract French cabling specialist Nexans has won a €1.43bn ($1.6bn) contract to deliver the section of the EuroAsia Interconnector that connects Greece and Cyprus. The 2,000 MW project will link the grids of Greece, Israel, and Cyprus and, once completed, will be the longest and deepest interconnector in the world with a bi-pole length of 900 ...
China Gas teams with CSSC Shipping and Wah Kwong for pair of LNG newbuilds Subsidiaries of China Gas Holdings, Hong Kong's CSSC Shipping and Wah Kwong Maritime Transport Holdings have sealed a joint venture agreement to acquire a pair of LNG carrier newbuilds. The JV will set up two vessel-owning vehicles to order the vessels at a third-party shipbuilder, China Gas Holdings said in a regulatory filing. The company's ...
German owners sign up for fresh MPP tonnage German owners Nordic Hamburg and Briese Schiffahrt have signed a series of orders for up to eight multipurpose vessels in China. Clarksons is reporting Nordic booked four 850 teu geared MPP heavy lift units at Huanghai Shipbuilding for delivery across 2025 and 2026. Founded in 2006, a diversified owner of 18 ships according to ship ...
Container rate platforms stack up Two new box rate platforms have launched this week, adding to the wide array of container pricing data available today. Graham Parker, who sold digital freight platform Kontainers to Descartes Systems Group three years ago, has debuted Ship Angel this week, an AI-enabled container rate management platform, which has been bolstered by the acquisition of ...
JR Shipping and Polferries units form offshore wind partnership Netherlands-based SeaZip Offshore Service has teamed up with PZB Offshore a subsidiary of Polish Baltic Shipping to jointly offer services focused on offshore wind projects in Poland and the Baltic States. Founded in 2010, SeaZip is part of JR Shipping and its offshore service and support vessels are managed by the shipping group's shipmanagement division. ...
Barakah Offshore awarded contract extensions by four clients Malaysian offshore service provider Barakah Offshore Petroleum has secured more work with for of its clients. The Bursa Malaysia-listed firm said its unit PBJV has been awarded maintenance, construction and modification contract extensions by Sapura Exploration and Production now Jadestone Energy, Hess Exploration and Production, Petrofac and IPC Malaysia. The contracts were due to expire ...
Ignazio Messina sells last conros Brokers report Italy's Ignazio Messina & Co has sold its last four 2,920 teu large conros to Abu Dhabi Ports for an en bloc price of $400m, far more than the $294m the owner paid for the ships when ordering them in South Korea nine years ago. The Jolly Coral, Jolly Palladio, Jolly Titanio and ...
Canada port strike resumes The strike along Canada's west coast is back on after a dockworker union yesterday rejected a four-year wage deal agreed with employers last week. The Canada branch of the International Longshore and Warehouse Union (ILWU Canada) said the deal, struck with the help of federal mediators last week, was for too long a period and ...
Overcapacity and insufficient demand dim box shipping prospects An oversupply of vessels is not being matched by increased demand, experts say. US retail sales are growing but inventories...
Chaos and confusion as ILWU Canada issues strike notice, then removes it ILWU Canada issued a 72-hour strike notice on Wednesday after a tribunal ruled its abrupt resumption of strike activities on...
Boxship recycling set to take off before scrap prices take a tumble Sales of containerships for recycling remain well below forecasted levels, although a surge in activity is expected soon, especially as...
Shipowners enjoying favourable H&M market, but seeing reduced capacity in war risk Cover still to be had for Ukraine calls, but that is a minority concern
Canadian tribunal rules dockworkers' renewed strike is illegal A Canadian tribunal has ordered ILWU dockworkers to cease and desist from participating in strike action because the union did...
Ship prices have not reached bottom yet, forum hears Forum hears that the driving forces behind the high returns of the past several years are 'unpredictable and non-replicable'
Ukraine proposes alternative grain corridor amid Russian attacks on Odesa The US is also involved in talks to explore alternative routes to help Ukraine continue grain exports, although any such...
Logistics integration M&As 'a monumental waste' of money The trend for logistics integration by way of mergers and acquisitions will reverse at some point. Carriers will one day...
Rio Tinto iron ore shipments fall on the year amid China headwinds Rio Tinto's iron ore shipments dropped by 1% year on year to 79.1m tonnes in the second quarter, while weaker...
Competition for seafarer competence is shipowners' latest challenge Danica chief executive Henrik Jensen sees officer sourcing policies changing to encompass a more international approach, rather than the more...
Europe urged to do more to secure emissions reductions The FuelEU Maritime law is a welcome step towards decarbonisation. But an environmental report says shipping will still overshoot Paris...
Daily Briefing Arsenio Dominguez wins vote to become next IMO secretary-general | Maersk Broker set to be sold to Clarksons as shareholders...
From houses to ships: China's economic struggle is a story of confidence Beijing must make people believe that it will respect businesses, revive its skilled diplomacy and bring a more prosperous life...
Unstable economy affects Antwerp-Bruges throughput The unified port of Antwerp-Bruges has gained market share, but in a falling market. Few segments saw increased volumes in...
Canada strikes resume as ILWU rejects tentative agreement Canada's west coast ports shut down box operations again as the ILWU rejects a tentative agreement. The union says the...
Longshore workers at Western Canadian ports returning to work, for now The rejection of last week's tentative contract deal by a caucus of ILWU Canada narrows the prospects of a resolution without one imposed by Parliament through back-to-work legislation.
Longshore labor unrest a new daily fact of life for North American shippers Part of the new dynamic on the waterfront reflects wider transportation labor activism where rail, aviation, trucking and longshore workers have achieved or are seeking to achieve substantial enhancements in pay and work rules, writes Peter Tirschwell.
Maersk grows air freight services with opening of Atlanta hub The 123,000-square-foot warehouse will also serve as a forward staging area for the carrier's South Carolina-based flight operations that link the southeast US to Germany, China and South Korea.
J.B. Hunt says intermodal peak season outlook murky despite June momentum That mismatch between container supply and demand has forced intermodal providers to stack boxes, with J.B. Hunt saying it parked about 18% of its container fleet in the first half of the year.
Technology providers partner to improve breakbulk rail tracking The desire to improve rail and intermodal visibility for bulk and breakbulk customers has led transportation management software provider IntelliTrans to partner with hardware vendor Nexxiot.
J.B. Hunt says intermodal peak season murky despite June momentum That mismatch between container supply and demand has forced intermodal providers to stack boxes, with J.B. Hunt saying it parked about 18% of its container fleet in the first half of the year.
UPDATE: Longshore workers at Western Canadian ports returning to work, for now The rejection of last week's tentative contract deal by a caucus of ILWU Canada narrows the prospects of a resolution without one imposed by Parliament through back-to-work legislation.
Asia-Europe blank sailings hit two-year low despite sluggish market Ocean carriers are showing a lack of urgency to blank sailings even as China's exports weaken and new vessels continue to come online.
Focus turns to Parliament after western Canada port strike resumes The rejection of last week's tentative contract deal by a caucus of ILWU Canada narrows the prospects of a resolution without one imposed by Parliament through back-to-work legislation.
American Seafoods strikes deal with US to slash fine in Jones Act fight Shipping and logistics affiliates companies agreed to pay $9.5m to settle more than $400m over the alleged use of rail line to get around domestic shipping law
Canada tribunal says West Coast strike is illegal, so union plans a new one ILWU Canada gives 72-hour notice to return to picket lines at terminals from Victoria to Alaska border
Striking again: Canada's West Coast union tears up tentative agreement that reopened ports Workers are back at the picket line across ports in British Columbia after ILWU caucus refuses to put tentative deal to a vote
Major software investor pumps $42m into maritime tech firm Sedna Deal brings Sedna's total funding to $86m even as investors become more cautious about pumping money into digital tech for shipping
Back on strike: Canada's West Coast union tears up tentative agreement that reopened ports Workers are back at the picket line across ports in British Columbia after ILWU caucus refuses to put tentative deal to a vote
Russia formally warns ships, flag states to steer clear of Ukraine Vessels approaching war-torn country will be considered potential military targets, Moscow declares
A matter of time: Cruise aims to change IMO's 'inappropriate' carbon intensity equation Green Seas newsletter explores proposal aimed at adjusting how global regulation is applied to the unique business of providing the 'complete vacation experience'
Broking panel would be hit by Clarksons and Maersk Broker tie-up Any merger of two big desks would come at a crucial juncture for the container ship charter market
Russian oil tankers set rare course for Northern Sea Route in strategic shift Aframaxes leave Baltic ports bound for Chinese port of Rizhao in short-cut across the top of the world
Bunker contamination disabled 600 ships at cost of $5bn over last year, report says FuelTrust claims more than one-third of deliveries showed discrepancies in content
Japan P&I Club back in profit after supplementary calls Sale of office building also raises additional cash to balance the books
Wah Kwong enters LNG via newbuilding venture with CSSC Shipping and China Gas Asian groups form joint venture to charter gas duo to China Gas unit for up to 20 years
Arsenio Dominguez: I'm not afraid of change at the IMO Newly elected secretary-general pledges to make IMO more transparent follows criticisms of the 'cosy' shipping club in London
Evangelos Marinakis' Capital Maritime splashes $145m on world's biggest CO2 carriers at Hyundai Mipo Greek owner moves into growing sector with $145m deal in South Korea
CMA CGM tipped to overtake Maersk as second largest liner operator Having been leapfrogged by MSC, the Danish carrier could be pushed into third place
Comment: Troubled IMO opts for a safe pair of hands and elects a leader who can get results Criticism over decarbonisation progress has spurred the choice of a candidate who knows the issues and politics inside out
Gram takes control of managed NRP car carrier at bargain price Norwegian tonnage provider builds on stake in Mediterranean Sea bought last week
Demand question: Gasum-chartered LNG carrier 'circled in Baltic' with Russian gas Finnish energy company resumes Russian purchases but blames lower demand for uncertain ship destination
US lightering companies 'afraid' to touch Iranian oil on Greek tanker Suez Rajan Reprisals feared if crude discharged from Empire Navigation ship in Texas
Russia widens missile, drone attacks on Odesa port infrastructure Renewed, intensified strikes suggest that rail, road and barge are the only realistic ways to get grain out of Ukraine
Demand question: Gasum-chartered LNG carrier 'circling in Baltic' with Russian gas Finnish energy company resumes Russian purchases but blames lower demand for uncertain ship destination
Atlantic product tanker rates skyrocket 65% in a day as Europe activity hots up Strength in the US Gulf Coast market is expected to draw empty vessels from New York for triangular trade
Pareto Bank grows shipping book despite 'steep' loan repayments by owners Offshore lending back with a bang at niche financier, with two corporate deals closed
Sonatrach tries again with new management tender for only VLCC Algerian shipowner issues fresh call for experienced tanker operator
Agricore Shipping grows fleet with two kamsarmax bulker newbuildings Secondhand ship buyer is ordering newbuildings for the first time
Rio Tinto warns of 'persistent headwinds' as China's recovery falls short But miner says it still expects full-year iron ore shipments to be in the upper half of previously announced range
'Food as a weapon': US accuses Kremlin of threatening ships in international waters State department official urges Russia to restore grain initiative as US and allies seek alternatives
Thousands of ships could use LNG as fuel. Is that a good thing? Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Maersk opens Atlanta airfreight station Maersk Air Cargo is growing its small U.S. footprint with a cargo facility near the Atlanta airport.
SC Ports' fiscal 2023 'a much more typical year' following cargo boom Fiscal year 2023 volumes tracked more with 2021 volumes than with 2022, which had experienced an unprecedented cargo boom, according to South Carolina Ports.
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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