Maersk Line Limited ordered to pay whistleblower seaman more than $700,000 A federal whistleblower investigation has determined that the Maersk Group's U.S.-flag operation, Maersk Line Limited, suspended and terminated a seaman illegally after he had reported numerous safety concerns about a company vessel
Freire Shipyard selected to build new IFREMER research vessel The family-owned Freire Shipyard in Vigo, Spain, has recently signed a contract with the French national institute for ocean science IFREMER for the construction of a new vessel. It will join the
BOEM sets date for Gulf of Mexico offshore wind lease sale The U.S. Department of the Interior said today that the Bureau of Ocean Energy Management will hold the first-ever offshore wind energy lease sale in the Gulf of Mexico on August 29,
New CCM chassis arrive at NC Ports North Carolina Ports (NC Ports) announced the arrival of Consolidated Chassis Management's (CCM) new build container chassis in preparation for the introduction of SACP 3.0. SACP 3.0, the South Atlantic's next-generation interoperable chassis pool, will begin operations in October and will consist of 50,000 modernised chassis serving 75 places in North and South Carolina, Alabama, Florida, and Ge
Leveraging GoWhseHub Bonded Warehousing for Competitive Advantage in the Shipping Industry In the fast-paced world of the shipping industry, businesses are consistently looking for strategic ways to gain a competitive advantage. The ability to effectively store, manage, and distribute goods is crucial. In this context, the utilization of bonded warehousing services, such as Gowhsehub bonded warehouse services for businesses , can play a pivotal role in boosting efficiency and cutting o
AD Ports, CMEC Group form strategic cooperation AD Ports Group and China Machinery Engineering Group Corporation (CMEC GROUP), a state-owned key enterprise directly managed by China's central government, have recently inked a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship. The MoU explains how the two organisations would investigate possible prospects throughout the world, with a focus on the Middle East, C
Kaohsiung seals harbour after boxship lists Kaohsiung Harbor 1 had to be sealed off this morning (20 July), after a container ship listed and sent some boxes falling overboard. Taiwan International Ports Corporation said that around 9 am local time today, it was alerted to the incident involving the 2003-built 1,581 TEU Angel, which suffered water ingress after its hull cracked. The ship captain announced that the crew was abandoning the v
Will HMM merge with SM Line? South Korea's two ocean-going carriers could merge as the Samra Midas group wants to bid to acquire HMM. SM group, the parent of SM Line, plans to submit a bid of not more than KRW4.5 trillion (US$3.5 billion) for HMM, South Korea's flagship carrier, said group chairman Woo Oh-hyun during an interview with Korea Economic Daily on 19 July. SM group has become a rescuer of South Korea's shipping in
CMA CGM's CNC links Japan and South Korea with feeder service CMA CGM's intra-Asia short-sea expert CNC and the Kochi Prefecture Government's Department of Public Works celebrated the Nine Provinces Feeder (NPF) service launch at the port of Kochi in Japan. According to the statement, NPF is one of only two non-domestic routes to Kochi. The first NPF sailing to Kochi carried fertiliser, textile, metal, pulp and paper, and animal feed to the Prefecture's com
COSCO introduces customised services and new routes for auto exports from China As the number of customers exporting vehicles continues to rise, COSCO SHIPPING Lines said it is working closely with car manufacturers to offer customised services and establish new routes. Earlier in July, the first batch of 152 Dolphin electric vehicles produced by a BYD factory in Fuzhou, Jiangxi Province, and carried by COSCO SHIPPING Lines were containerised and loaded on board after underg
Kalmar to deliver 18 terminal tractors to TT-Line in Australia Kalmar has signed an agreement with AJL Group Pty (AJL), an Australian heavy-equipment distributor, to deliver 18 heavy terminal tractors to TT-Line Company Pty (TT-Line). The order also included a 12-month subscription to the Kalmar Insight performance management platform. The machines will be delivered in batches throughout the first and second quarters of 2024. The Spirit of Tasmania ferry ser
NWSA handles over 250,000 TEUs in June The Northwest Seaport Alliance (NWSA) reported its highest monthly container volume of the year in June, with 252,232 TEUs. Full imports rose 16.1% over May, while full exports rose 5%. NWSA noted that the stability of ocean service schedules at the gateway has increased. Total container volume in June dropped by 18.4% compared to June 2022, while full-month imports fell by 19.9% and full-month e
Port of San Diego receives all-electric mobile harbour cranes, first in North America Konecranes has delivered two new all-electric Gottwald Generation 6 Mobile Harbour Cranes to the Port of San Diego's Tenth Avenue Marine Terminal (TAMT). The new cranes are the first of their type in North America and will assist the Port in improving public health and air quality, marking an important step towards providing cleaner air to the Portside Communities of Barrio Logan, Sherman Heights
Ship Angel acquires WaySync and launches rate management tool Ship Angel, a North American Software as a Service (SaaS) startup developing a suite of digital logistics products for BCO (beneficial cargo owner) shippers, announces the launch of an AI-enabled container rate management platform in conjunction with the acquisition of WaySync, a logistics tech startup located in New York. To address the increase in container freight rate complexity, Ship Angel p
Hapag-Lloyd implements LNG tank on 23,000 TEU newbuilding Hapag-Lloyd has announced that the new liquefied natural gas (LNG) tank of its 23,600 TEU container vessel Berlin Express was installed. The German ocean carrier said the vessel is the first of twelve new buildings with 23,600 TEU box capacity and dual-fuel propulsion. The ship was successfully delivered to the Hamburg-based company on June 14. The post appeared first on Container News .
COSCO ore carrier breaks iron ore discharge record COSCO Shipping's 400,000-DWT ore carrier, Yuan Yi Hai, successfully finished unloading in the Dongjiakou Port Area of Qingdao Port. The unloading process, which involved 375,500 tons of cargo, was completed in just 30.7 hours, setting a new world record for iron ore unloading. Moreover, this operation achieved three records for single-ship cargo unloading at Qingdao Port, including discharging 16
Russian owner SASCO lands on US sanctions list over Ukraine war In what has turned out to be a roller-coaster week following Moscow's decision to pull out of the Black Sea grain initiative, the US has blacklisted another Russia-linked shipping company with the aim of undermining the country's ability to further its war against Ukraine. In their latest round of sanctions, the US State Department announced ...
Turkey's Yasa in for MR quartet at Yangzijiang Turkey's Yasa is back to ordering tankers with slots secured at a private shipyard in China. The Istanbul-based owner is said to have placed an order at Yangzijiang Shipbuilding for four MR product carriers. Brokers are listing a price tag of $41m per 50,000 dwt vessel expected for delivery from yards in Jiangsu Province in ...
Seafarers 'critical' in IMO's revised GHG reduction strategy Seafarers' unions have won landmark commitments to a Just Transition for the world's maritime workforce as part of the IMO's decision to adopt a new greenhouse gas reduction strategy. Just Transition is also about supporting workers and communities to play an active role in shaping the coming technological and economic changes. Under the new strategy, ...
Fujian Guohang Ocean Shipping adds to bulker orderbook Chinise dry bulk shipping operator Fujian Guohang Ocean Shipping has added to its orderbook firming up two more panamax newbuilds at a compatriot yard. The Beijing Stock Exchange-listed company has booked two firm 76,000 dwt ships at Jiangsu Haitong Offshore Engineering Equipment in a deal worth around $64m. The company said deliveries would take place ...
Top Ships wins $72m charter extension for tanker duo Nasdaq-listed Greek eco tanker owner Top Ships has agreed to extend charter agreements for the Eco West Coast and Eco Malibu. Top Ships said that the extension for the two Suezmax vessels was with Clearlake Shipping for up to 36 months. The extended period, which starts after the expiration of the current charters in the ...
Port of Argentia expansion gets $38m in government funding The Canadian authorities will be investing up to $38m to improve cargo movement at the Port of Argentia. The project will expand the existing Fleet Dock terminal, which includes constructing approximately 460 meters of berthing space for three new berths to accommodate larger vessels. Other facilities include a roll-on roll-off ramp to facilitate the movement ...
First US Gulf offshore wind auction set for August The US government has set the date for the first-ever offshore wind lease sale in the Gulf of Mexico. The seabed auction for a potential 3.7 GW that could power almost 1.3m homes is set for August 29 this year. The US has so far held three offshore wind lease auctions, including the areas off ...
PGS secures new $75m financing deal Norwegian seismic vessel player PGS has secured more breathing room with a new $75m loan to partly refinance its existing one due in March 2024. The Oslo-listed company refinanced earlier this year leaving $138m of the existing loan to be repaid in March 2024, which is expected to be manageable with available liquidity reserve and ...
Industry calls for new policies to help vital offshore wind projects Following the news that Swedish utility Vattenfall would be ditching its Norfolk Boreas offshore wind project in the UK North Sea over soaring costs, RenewableUK's chief executive called for new policies for the industry. Vattenfall claimed that the main reasons for abandoning the project were higher inflation and capital costs affecting the entire energy sector ...
Atlas Maritime switches to suezmax newbuilds Greece's Atlas Maritime has put its recent strong tanker earnings to good use, having invested in up to four suezmax newbuilds. According to shipbroker Allied, the Leon Patitsas-led company has returned to South Korean yard DH Shipbuilding for two firm and two optional 158,000 dwt ships worth around $84m each. The scrubber-fitted units should deliver ...
Tan Beng Tee joins the board at Idan Ofer's Kenon Holdings One of the most prominent women in Singapore shipping Tan Beng Tee has been appointed to the board of Kenon Holdings. The New York and Tel Aviv-quoted vehicle controlled by Israeli billionaire Idan Ofer said Tan will assume her role of a non-executive director on August 30. Tan has decades of shipping industry experience from ...
Vattenfall stops development of Norfolk Boreas offshore wind project Sweden's Vattenfall has decided to stop the development of the 1.4 GW Norfolk Boreas offshore wind project in the UK citing rising expenses. Vattenfall said in an earnings statement that the decision would have a total impact on earnings of SEK 5.5bn ($537m). The company said that demand for fossil-free electricity is rising but that ...
Official Wakashio accident report made public After months of trying Splash was finally to obtain this week Panama's final accident report into the grounding of the newcastlemax bulk carrier, an accident that sparked the worst environmental disaster in the history of Mauritius with bunker fuel washing up along huge areas of coastline. The accident, which led to a total loss, happened ...
Canada dockworkers call off strike Canadian west coast dockworkers have revoked a strike notice issued for Saturday following a crisis meeting by the country's Prime Minister Justin Trudeau. The strike notice withdrawn had been issued earlier Wednesday, just hours after the Canada Industrial Relations Board ruled the workers' renewed strike was illegal because there was no 72-hour notice. The strike ...
TotalEnergies takes option on Transocean semisub Transocean has secured more work with TotalEnergies for its semisub rig . The Swiss-based drilling giant with a fleet of 37 rigs said in its fleet status report TotalEnergies had exercised its option to add the drilling of one well in the East Mediterranean Sea. The 2009-built rig is set to start its contract offshore ...
SM Group boss sets HMM purchase price SM Group is ready to bid up to $3.5bn to take over compatriot liner HMM, but will walk away from any deal if the sellers ask for too much money. HMM, which has been under state control for many years following financial hardship, is being readied for privatisation with a number of Korean entities being ...
Russia issues military threat to commercial shipping Russia has warned that from today ships travelling to Ukraine's Black Sea ports will be considered potential military targets, as Kyiv said it would set up a temporary shipping route to continue grain exports following Moscow's withdrawal from a deal that permitted food shipments from Ukraine's ports. Russia's defence ministry said on Wednesday that it ...
Agreement signed to spread green methanol across US ports Carbon Sink, a green methanol manufacturer, and Rose Cay Maritime, a Jones Act-compliant shipping company, have signed a memorandum of understanding to help spread the alternative fuel across US ports. The agreement outlines a plan for increasing green fuel production, transportation, bunkering and storage specifically tailored for the shipping sector. Rose Cay Maritime bought part ...
Russian shipping company and 14 vessels among dozens of entities hit in latest US sanctions Russian shipping company Sakhalin Shipping and its fleet of 14 vessels fall in Washington's crosshairs as it continues to try...
Matson expects muted peak season on the transpacific Matson is seeing modest capacity reductions in the transpacific marketplace where it expects a muted peak season, but for vessels...
Jones Act operator Rose Cay Maritime to ship Carbon Sink's green methanol Rose Cay Maritime will ship renewable fuels produced by Carbon Sink, who late in the past year agreed with Maersk...
Russia has no right to attack neutral shipping, lawyers confirm United Nations Convention on the Law of Sea provides for right of innocent passage, despite Kremlin sabre-rattling. But destruction of...
Shipping becomes a military target as Black Sea threats escalate Both Ukraine and Russia have put shipping on alert in the Black Sea, but it will be difficult for Russia...
Saudi Arabia's Neom port 'won't compete' with regional box terminals Two container terminals planned for Neom port will have combined 12m teu capacity, but 'we do not have a design...
'Laundromat effect' lifts Saudi Arabia, India and China to become Europe's biggest diesel suppliers The fastest-growing EU27 imports of ultra-low sulphur diesel come from China and India, the biggest buyers of sanctioned, cheap Russian...
Key US grain exports could offset Ukraine turmoil next year BIMCO analyst Filipe Gouveia forecasts an increase in US exports next year, which could help ensure sufficient global maize supplies...
ICS and IAPH launch clean energy marine hubs to support shipping decarbonisation Addressing challenges in infrastructure including production, storage and transport is among the main targets of the initiative backed by several...
Ukraine conflict prompts rerouting of China-Europe rail freight to bypass Russia Chinese rail freight operator and ocean carriers are planning to restart an intermodal route transiting via the Caspian Sea 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...
Maersk builds new distribution centre in Singapore to support regional logistics The new centre will provide regional logistics solutions and create jobs in multiple sectors
China Gas partners with CSSC Shipping and Wah Kwong to acquire two LNG carriers New vessels will be chartered to one of China Gas' subsidiaries for 20 years
Daily Briefing From houses to ships: China's economic struggle is a story of confidence | Canadian tribunal rules dockworkers' renewed strike is...
Russia warns that ships heading to Ukraine are now a military target Russia's defence ministry says all ships headed to Ukraine ports from Thursday will be considered as potentially carrying military cargo...
Evangelos Marinakis orders world's largest CO2 carriers in South Korea Builder Korea Shipbuilding & Offshore Engineering expects the demand for LCO2 carriers, which will play a crucial role in transporting...
GRI success, rising imports drive spot rates higher as trans-Pac peak season nears Retailers and NVOs aren't sure if spot rates will continue to increase steadily through the peak season or whether new capacity expected to enter the trans-Pacific in the coming months will cause rates to fall again.
US warehouse vacancies rose in Q2, but market still 'healthy' Vacancies are expected to continue rising into 2024 as construction of new warehouses near completion and outpace demand.
Email technology provider Sedna snares funding targeting maritime, forwarding sectors Sedna's approach of allowing companies to retain their email systems while extending their value has won new forwarding and bulk customers and a fresh capital infusion.
UPDATE: Western Canada longshore workers retract notice of Saturday strike 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.
India-US contract rates tick up after July GRI activity Freight forwarder sources in India believe the success of a fourth round of general rate increases scheduled for Aug. 1 will hinge on the ability of carriers to hold firm on recent pricing gains.
Rotterdam posts sharp drop in H1 volume, provides muted full-year outlook A weak global economy and limited demand in Europe has set the continent's largest port on course for a second year of declining volume.
UPDATE: Western Canada longshore workers retract notice of Saturday strike 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.
Matson expects to report profit slump that's not as bad as Wall Street bets Hawaiian liner operator estimates $75.3m to $81.5m in second-quarter profit
Container ship evacuated after listing at Kaohsiung Tugs are in attendance amid fears 20-year-old boxship may sink
Washington blacklists Russian shipowner and fleet of 14 vessels for supporting Ukraine war State Department announces targetting of Sasco, in addition to oilfield service companies and others
GoodBulk clears out capesize fleet with last sales to Greek buyers By offloading legacy bulkers, John Michael Radziwill looks set to turn a page
Iran threatens revenge against US if Suez Rajan crude cargo unloaded Threat comes amid reports that lightering companies are reluctant to offload crude from Suez Rajan
Ukraine issues counter-blockade on Russia's Black Sea cargo ships In tit-for-tat move, Kyiv threatens to sink Russian vessels carrying Moscow's thriving grain exports
Russia's Ukraine blockade leaves Danube ships unaffected, so far Proximity to Nato member Romania seems to be protecting small cargo vessels bound for Ukraine's southernmost waters
US crude exports to EU set to keep rising, report says But campaign group calls on Europe to be more ambitious on planned oil cuts
SM Group is 'a whale' ready to swallow HMM for $3.5bn, chairman Woo Oh-hyun says South Korean tycoon is trusting his gut in pursuit of giant shipowner
Goodbulk clears out capesize fleet with last sale deals to Greek buyers By offloading legacy bulkers, chief executive John Michael Radziwill looks set to turn a page on Goodbulk history
Carisbrooke Shipping profit soars as rates continue to firm Anglo-Dutch owner also boosted by ship sales
SeaZip hooks up with Polferries subsidiary in offshore venture Cooperation will tap growth from Polish offshore wind market
Greece's Atlas Maritime pounces on suezmax slots at DH Shipbuilding Leon Patitsas and partners make big move in fresh tanker order worth at least $168m
Court rules charterer liable for hire in post-redelivery hull cleaning dispute involving Greek bulker Law firm says ruling in favour of Laliotis-linked owner removes any ambiguity in meaning of NYPE hull-fouling clause
Managing risk: Braemar beefs up screen service with live bunker swaps UK shipbroker says new additions will allow clients to gain certainty about fuel costs
Cruise line says sorry after passengers witnessed slaughter of 78 pilot whales Ambassador Cruise Line's guests watched in horror as animals killed by hunt in Faroe Islands
Collapsed Chinese bulk carrier builder Yangzhou Guoyu back in business The revived shipyard has secured newbuildings contracts for one midsize LNG carrier and two small LPG ships
PGS creates headroom with $75m loan from Varde Partners and Sculptor Capital Norwegian owner gives itself the flexibility to keep expanding in wind and carbon capture
Wanted: US targets Belgian trio over Antwerp Port cocaine smuggling ring El Ballouti organisation used Antwerp as a key entry port for South American drugs
US owner Rose Cay to ship out Carbon Sink's green methanol volumes Jones Act operator seals deal to distribute low-carbon bunkers for domestic start-up
Comment: Why the renewal of the Black Sea grain deal proved a bridge too far Hopes of reviving the grain deal appear near dashed as lifeline to the world's breadbasket is lost amid the fog of war
Posidonia Shipping spending $70m on 60%-built PSVs amid shortage of ships Brazilian owner will take delivery of pair next year
Mysterious Kurow Shipping steps out of the shadows to order tankers in China Newcomer plans up to eight product tankers worth $488m
Tan Beng Tee joins Idan Ofer's Kenon Holdings as director New appointments see CEO Robert Rosen take on dual role as executive director and Deepa Joseph join as acting CFO
Philippines' ICTSI aims to drag Durban to the top of the ports premier league State operator says move is key catalyst for repositioning the Port of Durban as a container hub port
Ship fuel spreads and LNG prices fall to lowest levels in years Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Ocean carrier MSC adds 2nd cargo jet Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.
American, United Airlines' cargo revenue smacked down by weak market American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.
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