P&O Maritime and Logistics to convert MCV to cable lay vessel With an eye on the offshore wind market, Dubai-based DP World company P&O Maritime Logistics plans to convert one of its Multi-Carrying Vessels (MCVs) into a cable lay vessel (CLV). Set to
VIDEO: Groke's "digital watchkeeper" gains a ClassNK endorsement Turku, Finland, headquartered Groke Technologies Oy calls its Groke Pro solution a "digital watchkeeper." With functions to detect, track, and fuse objects in real time, as well as show them on sea
Strategic Marine inks four-CTV MOU with U.K.-based operator Singapore shipbuilder Strategic Marine has signed a Memorandum of Understanding with U.K. based Purus Wind subsidiary HST Marine covering the construction of three Brevity-class offshore wind crew transfer vessels. The MOU will
TTB 2023: Panel will focus on women in maritime challenges and successes Recognizing women in maritime has been a part of Marine Log's TTB (Tugs, Towboats & Barges) event for the last few years, and TTB 2023 will be no exception. On March 8,
Op-Ed: Reliable partners matter in critical projects A reliable project partner will deliver what project managers and shipyards need, when they need it and where they need it. But beyond that, a reliable partner with in-depth knowledge is critical
Bourbon and Horizon in JV targeting harsh environment offshore services Paris-headquartered Bourbon and Canada's Horizon Maritime have started a new offshore services joint venture. Called Bourbon Horizon AS it will focus on the North Sea and Canadian offshore markets. Incorporated in Norway,
ContainerPort Group opens new terminal in Jacksonville ContainerPort Group (CPG®), a US drayage operator, has announced the launch of a new terminal in Jacksonville, Florida. "This new terminal demonstrates CPG's commitment to growth in strategic markets and expands the company's existing footprint in the southeast region," said the company in a statement. ContainerPort Group noted that Jacksonville is an "ideal geographic location" as its recently f
Konecranes to divest MHE-Demag IPD business to Jebsen & Jessen Group Konecranes has announced the planned divestment of MHE-Demag's Industrial Products (IPD) Business to Jebsen & Jessen in a deal that is expected to close in April. With this move, Konecranes aims to focus on its core businesses of lifting equipment and services in Southeast Asia as well as globally. The IPD business that Jebsen & Jessen Group will buy is part of MHE-Demag, a Konecranes Group membe
THE Alliance leads blank sailing race Drewry has published the weekly Cancelled Sailings Tracker service which provides a snapshot of cancelled sailings announced by each container shipping alliance against the total number of scheduled sailings. During the eighth week (20 February - 26 February) and the 12th week (20 March - 26 March) of the year, 71 cancelled sailings were announced throughout the Transpacific, Transatlantic, and A
ONE completes biofuel trial onboard panamax vessel Ocean Network Express (ONE) announced the successful completion of the biofuel trial onboard the 2007-built, 4,803 TEU container ship MOL Endowment. On 21 December 2022, the vessel was refuelled with 992 metric tons of marine biofuel product at the Port of Singapore. The vessel, deployed on ONE's Japan Straits Malaysia (JSM) service, fully utilised the biofuel in 20 days. In addition, Biofuel con
DP World and Caspian Containers Company collaborate to digitalise global trade DP World has inked a collaboration agreement with the Caspian Containers Company SA (CCCSA), which is an Integral Petroleum Group subsidiary, to assist digitalise trade across the Greater Caspian Area and parts of Africa by utilising new technologies to allow easier and faster shipment booking and tracking via a digital platform. Through the implementation of DP World's SeaRates, a digital platfo
Hupac launches new rail service in Belgium Hupac has announced a new train route between Antwerp Combinant and Zeebrugge CLdN terminals, enabling connection to/from the United Kingdom via the CLdN short sea service The shuttle train will operate at a frequency of five roundtrips each week. The launch date is 27 February 2023. With this new connection, Hupac's network based on Antwerp & Zeebrugge in Belgium will be able to connect all majo
ACE Terminal and Cepsa ink green deal for hydrogen and ammonia imports Cepsa and ACE Terminal have signed a Memorandum of Understanding (MoU) to collaborate on the creation of a green hydrogen supply chain from Spain to the Netherlands. The Spanish energy firm will deliver green ammonia to the planned Rotterdam port's ACE import facility. Cespa said it is creating 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, as part of its 2030 Positiv
Empty containers accumulate in Chinese ports, highlighting weak demand Within a space of a year, the catch-phrase in the liner industry has gone from "containers are hard to come by" to concerns of a container glut, as freight levels reverse to pre-Covid-19 lows. Chinese netizens have been posting photos of the country's busiest ports, namely Shanghai and Yantian (Shenzhen), overflowing with empty containers. Local media has also reported that orders for manufacture
CN analysis: Indian export slowdown hurts containerised trade growth India's merchandise exports slipped for the second month in a row in January amid the demand downturn from global economic headwinds. The value of Indian exports was down 6.6% year-over-year to US$ 32.81 billion in January, according to new government data. However, that decline was slower than the 12% deceleration reported in December 2022. "Exports continue to remain in the negative territory m
Gothenburg Port to transform inspection vessel into e-powered ship The Gothenburg Port Authority has decided to transform Hamnen, an inspection vessel, into an electric powered ship. Since 1979, this ship has been serving the port 24/7. According to David Falk, skipper of Hamnen and project manager of the electrification project, the complete replacement of Hamnen was considered unnecessary. Therefore, the authority of the Swedish port decided to convert Hamnen
GEODIS, Volvo partner on fully electric truck trial in Australia GEODIS has partnered with Volvo Australia to test the first Fully Electric (FE) version truck for freight forwarding in Australia. The global transportation company decided to collaborate with Volvo Australia to test electric trucks for freight transportation in a strategic partnership, according to which Volvo will provide its FE model trucks, powered by both solar energy and energy-efficient ch
MSC upgrades Indian Ocean Relay Service 4 MSC announced the extension of its Indian Ocean Relay service 4 to include Moroni the capital city of the Comoros, an independent country made up of three islands in southeastern Africa. This service aims to connect MSC's global network to and from Moroni on a fortnightly basis via Port Louis, the capital city of Mauritius, enhancing the company's presence in the Indian Ocean market. From 3 March
How To Choose The Right Order Fulfillment Service Order fulfillment services have become increasingly in demand as the e-commerce sector has evolved. Every day, large quantities of goods are delivered across the world. Therefore, the logistics sector has expanded tremendously to meet this increased demand. Many small businesses have emerged in logistics because entrepreneurs have had access to resources like the drop shipping blueprint, which al
UK box terminal storage capacity expanded following ABP's investment Associated British Ports (ABP) Humber recently finished the expansion works on its Humber Container Terminal at the Port of Hull, after a US$5.7 million (£4.8 million) investment. With the completion of the project, the terminal's storage capacity has been expanded with an additional 17,600m² of heavy-duty paving. According to ABP, the Humber Container Terminal in Hull receives around 12 ships ea
Hamburg sees larger vessels but lower TEU volumes Port of Hamburg reported that 8.3 million TEUs crossed its quay walls during the last year, translating to a 5.1% decrease compared with 2021 box volumes. "With Christmas coming, in the final quarter, we should normally see a rise in throughput totals. That failed to happen last year. The main reasons were high energy costs and inventories in the industry," explained Axel Mattern, Port of Hamburg
Hydrogen per-oxide export from Bangladesh suspended as depot fails to comply Exporting hydrogen per-oxide has again become suspended from Bangladesh after the customs authority put on a restriction on the lone depot that was handling the chemical export. Export of the item was first suspended in April 2022 when a fire broke out in the BM Container depot that killed 49 people and injured several hundred. Following the incident, the PSA Singapore on 9 June imposed a restric
Wan Hai names new 13,100 TEU container ship Wan Hai Lines held a ship naming ceremony for Wan Hai A09 accompanied by a charity donation on 14 February at Samsung Heavy Industries Geoje shipyard. In particular, Wan Hai A09 is the third vessel in the series of 13,100 TEU container ships built by Samsung Heavy Industries Geoje shipyard. The 13,100 TEU series is designed with a length overall of 335 meters, a breadth of 51 meters, a draft of 1
WinGD launches pilot project for engine diagnostics system WinGD, a Swiss marine power firm, has launched a pilot project for a new engine diagnostics system designed to make engine maintenance easier for crew and fleet management. WiDE (WinGD Integrated Digital Expert), an upgrade to WinGD's engine monitoring and remote assistance platform, is being tested on a vessel operated by Bernhard Schulte Shipmanagement (BSM). The trial installation will monitor
Safe Bulkers adds Japanese kamsarmax to expanding newbuild list New York-listed Greek dry bulk owner Safe Bulkers is expanding its fleet with a Japanese kamsarmax newbuild set to deliver in the second quarter of 2025. The Monaco-headquartered firm said the 81,800 dwt vessel comes at an attractive price designed to meet the EEDI Phase 3 requirements and also comply with the latest NOx emissions ...
Squire Patton Boggs and Baltic Exchange link up for ship S&P transaction closings US-based law firm Squire Patton Boggs (SPB) has teamed up with The Baltic Exchange to provide a vessel sale & purchase transaction closing service. The service will be led by SPB's 30-strong commodities and shipping group co-chaired by Chris Swart and Barry Stimpson and will be underpinned by the Baltic Exchange's independent Singapore-based escrow operation. ...
Eneti's Seajacks wins new wind vessel contract New York-listed offshore wind vessel player Eneti has announced a new contract award for its subsidiary Seajacks in Northwest Europe. The contract has been secured for one of the NG2500-class self-propelled jackups. The work is expected to keep the unit busy for 41 to 53 days and generate between $3.3m and $4.1m in revenue. Last ...
DOF Subsea CSV contract extended by TechnipFMC DOF Subsea, a specialist subsea service business of Norwegian offshore vessel owner and operator DOF, has secured a contract extension for the 2015-built construction support vessel. The new fixture will start in direct continuation with the current commitment and run until February 2025. The most sophisticated vessel is DOF Subsea's fleet was initially signed ...
AXSMarine invests in Nextvoyage French-based SaaS shipping software and data specialists AXSMarine has concluded a strategic investment in voyage management system provider Nextvoyage. Founded by Mark Pith in 2020, Nextvoyage is a live and full-featured solution that has been developed for the past four years and is in use with several companies in both the dry bulk and tanker ...
Ports in China and America point to container shipping's current malaise Air is becoming one of the largest products inside the world's containers as rates slump and consumer demand falters. In China, empty containers are stacking up at the nation's largest ports, with management at many terminals now actively shifting surplus boxes to secondary ports to free up space. It comes at a time where the ...
Seaway 7 confirmed for Taiwanese wind farm work Offshore wind contractor Seaway 7 has been confirmed for the cable transport and installation work at the Hai Long offshore wind project in Taiwan. The signing of the contract which recently took place in Taipei follows Subsea 7's last week's announcement for a large deal worth between $300m and $500m. The scope of work includes ...
Euronav books $22m as another ageing suezmax ships out Belgian tanker owner Euronav continues clearing out older tonnage with the sale of the 16-year-old suezmax. The Brussels and New York-listed firm said the sale of the Samsung-built, 158,881 dwt vessel, which VesselsValue estimates is worth $36.5m, is part of its ongoing fleet renewal strategy and is in response to new regulations such as ...
HST Marine lines up more CTV newbuilds at Strategic Marine UK-based offshore vessel owner and operator HST Marine, part of Purus Wind, the offshore wind business of Purus Marine, has returned to Singapore-based shipbuilder Strategic Marine for more battery hybrid crew transfer vessels (CTVs). A memorandum of understanding, which builds on a recent contract to build four firm and two optional hybrid CTVs, will see ...
TotalEnergies taps TechnipFMC for subsea life extension project in Angola TechnipFMC has won a significant contract from TotalEnergies EP Angola to supply flexible pipe and associated hardware for the first subsea life extension project in West Africa. The contract covers the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX), offshore Angola. The flexible pipes will extend the life ...
GEOxyz wins survey contract for Hartshead's UK gas project GEOxyz UK has secured a contract from ASX-listed Hartshead Resources to carry out a geophysical survey across UK Southern North Sea fields and inter-field pipeline locations. The 2004-built offshore survey and support vessel is expected to mobilise to the Anning and Somerville field locations during April. The results of the survey will form part of ...
Cash buyer Wirana enters shipowning with double VLCC swoop Cash buyers in the ship recycling sector are well aware of the fortunes to be made by extending the trading lives of vintage tankers in today's extreme markets brought about by Russia's invasion of Ukraine. Lila Global, the shipowning arm of cash buyer GMS, has more than doubled its fleet size over the past 12 ...
Anglo-Eastern fleet set to cross the 700-ship mark Cementing its place on the shipmanagement podium, the fleet at Hong Kong's Anglo-Eastern is about to surpass the 700-ship mark. Speaking at the company's annual conference in Mumbai, where more than 1,000 delegates are in attendance including Splash, Bjørn Højgaard, the CEO of Anglo-Eastern, said the manager's fleet was at a record 680 ships with ...
Containership newbuild avalanche to start in earnest from next month The containership newbuild avalanche starts in earnest from next month, a record volume of new steel hulls hitting the water at a time when box fortunes are in reverse. "Starting from March, the pace of new containership deliveries will pick up rapidly especially in the larger segments," the latest weekly report from Linerlytica pointed out. ...
Ukrainian seafarers now back in labour force Ukrainian seafarers have largely returned to international shipping thereby restoring balance in crew availability, reports Danica Crewing Specialists on the anniversary of the war in Ukraine which impacted crewing rotations and seafarer welfare on a huge scale. Demonstrating their resilience in the face of horrendous adversity, Ukrainian seafarers and their families are now mostly based ...
The business case for physiotherapy for seafarers Investing in crew health and wellbeing helps prudent shipowners comply with ESG values, attract and retain seafarers, and distinguish themselves from competitors. Sandra Welch, CEO of the Seafarers Hospital Society (SHS), explains how freely available physiotherapy resources can benefit shipowners and operators. Over the last few years, seafarers have faced new unforeseen challenges that have ...
Guyana looks to reclaim from Exxon 20% of Stabroek oil block not under exploration or production licence A report by Reuters indicated that Guyana plans to take back 20% of the Stabroek oil block off its shore from the Exxon-led consortium that controls it. The country wants to reduce the consortium's share of its oil resources, said vice president Bharrat Jagdeo in an interview. "We need more competition," he said. According to ...
ICTSI proposes expansion of terminal at Port of Melbourne Global port operator International Container Terminal Services Inc. (ICTSI) has outlined a proposal for the expansion of the Victoria International Container Terminal (VICT), its 100%-owned subsidiary in the Port of Melbourne, Australia. The company said in a press release that the proposed project "would dramatically increase efficiencies" and pave the way for larger ships to ...
The great flag exodus: Where did Iran-linked ships deflagged by Panama go? Lloyd's List analysis shows that vessels deflagged by the Panama Maritime Authority between 2019-2020 mostly reflagged with Iran, the Cook...
IG chair confirms only four pool claims for last policy year 'Is it a trend? I doubt it... In all things, luck helps. But I wouldn't be betting the house on...
Bulkers departing Russia's major coal ports mostly owned by Greeks Following the incursion into Ukraine, shipowners are allowed to transport Russian coal to non-EU parts of the world as a...
Safe Bulkers adds another bulker to newbuild orderbook The latest newbuilding order is part of a determined greening of Cyprus and Greece-based owner's fleet
Navios Partners enters deals in quest for younger fleet Fourth-quarter performance anchored by strong tanker and boxship earnings, offsetting dip in dry bulk market
Capesize owners not looking at lay-ups Owners polled by Lloyd's List say their ships are employed at premiums to the spot benchmark. Idling vessels is not...
Capesize owners not looking at lay-ups Owners polled by Lloyd's List say their ships are employed at premiums to the spot benchmark. Idling vessels is not...
Ukrainian seafarers back in employment market Ukraine tops the list of countries identified as most likely to supply seafarers in the future, according to a recent...
P&I clubs showed different renewal styles, says broker Assuming good technical results and a rebound in financial markets, the light at the end of the tunnel could finally...
New impetus emerges behind smart containers One lesson learned from the pandemic was that knowing a container's position was critical to supply chains. As the market...
Seoul sanctions five North Korea-linked shipping companies A set of individuals and entities freshly placed on a blacklist by South Korea have already been sanctioned by the...
Daily Briefing Gard confirms tonnage gains as NorthStandard launches | The Lloyd's List Podcast: P&I renewals uncovered | UN urged to evacuate...
Vessel trials for biofuel bunkering completed Biofuel drop-in pilot project involves 13 vessels spanning the container, tanker and bulker segments while bunkering in Singapore and Rotterdam
Rate hikes push 2022 US LTL revenue to record high, despite slowdown Less-than-truckload (LTL) pricing may moderate in 2023 after two gangbuster years for carriers, but shippers shouldn't expect a rapid retreat after broad-based gains.
Tampa approves plans to build transloading facility adjacent to port Tradepoint Atlantic will design and construct a 500,000-square-foot warehouse distribution center that will help ease the flow of cargo through Port Tampa Bay.
Russia picks up rail freight slack as China-Europe volume slumps Official data shows overall volumes on the China-Europe rail network rose 6 percent last year over the then-record throughput handled in 2021, but there is no distinction between cargo destined for Europe or Russia.
UP shifting to stacked container operation at Joliet for California imports Union Pacific is changing operations at its terminal outside Chicago in a bid to prevent future disruption by creating stacks for containers arriving from California, a move that will affect tens of thousands of ocean boxes per month.
Leaf Logistics using technology to create dedicated truckload fleets in key US markets Freight coordination software provider Leaf Logistics is working with a number of shippers and truckload carriers to build flexible, dedicated fleets to allow for continuous moves in big US markets.
Matson's China volumes chopped in half as results outpace forecast Hawaiian operator says the worst is behind it with improvement expected in the second half
US officials say measures against Russia working as oil exports hit highs Russia exported 161m barrels of oil in January, Kpler data shows, most of it going to India and China
Ridgebury and Peter Georgiopoulos outfit sell tankers amid rising valuations Both vessels were at their highest estimated valuations in seven years amid surge in clean product trade
Mining giant BHP's results offer hope for capesize bulk carriers later this year Miner seems to concur with market expectations that dry cargo markets will begin a meaningful rebound in late 2023
Safe Bulkers orders kamsarmax from Japanese builder at 'attractive price' Shipowner says eco newbuilding will have advanced energy efficiency equipment and lower fuel consumption
Wind player Eneti tips more contract work for Seajacks vessel Word expected soon on bigger pact for second wind turbine installation vessel (WTIV) newbuilding
StealthGas 'energised' by record profit, clinches new charters Shipyard delays in South Korea, however, will cause some of its newbuildings to arrive a little later
Seafarer dies and another critical after cargo ship breaks in two off Russia Russian authorities say the Seamark was carrying a marble chip cargo
'Rationalising the fleet': Navios shuffles assets in flurry of deals US-listed Navios Maritime Partners owns up to a string of ship sales and unveils some fresh newbuilding projects
Buyers run out of road to talk down secondhand tanker prices, broker warns Seaborne's Eva Tzima says the scene is set for asset values to climb even further
Cut-price Russian crude set to muscle in on US exports to China VLCCs unlikely to benefit from US-China trade in 2023 despite world's largest importer emerging from Covid-19 pandemic
Proman working with HMM to fuel world's first methanol neo-panamax container ships Swiss producer looking to supply low-carbon bunkers for nine new vessels
EU sanctions on Russia being evaded on 'massive' scale Dutch foreign minister calls for new Brussels HQ to enforce the sprawling EU sanctions regime
Law firm SPB teams with Baltic Exchange to offer S&P deal-closing service US-headquartered company's 30-strong commodities and shipping group to be supported by London exchange's escrow operation
VLCC 'cannibals' muscle in on transatlantic suezmax and aframax trade Flat long-haul volumes from the US to Asia mean big tankers will be competing with smaller vessels in the Atlantic basin
Hamburg Commercial Bank to diversify as cash-rich owners pay off loans German lender eyes 'opportunities' in offshore and car carrier business
Scrubber gains shrink as fuel spread crunched in major bunker hubs BRS says price differential is deflating as high-sulphur bunkers become more expensive in Asia
Top Ships bags 36% pay rise for three-year MR tanker charter Greek owner fixes out modern vessel for $20,500 per day
Two tankers of unknown ownership drag anchors off Gibraltar Tugs intervene to bring former Euronav suezmax and Palau-flag LR1 under control
GCMD-led biofuels supply chain assurance trials hailed a success Trials involved two container ships, two VLCCs and a VLGC
ZeroNorth grows again with deal to buy Singapore bunker software outfit BTS Danish optimisation platform to add marine fuel expertise in Asia
Ex-Russian tanker tied to 'dark' trade before drawing Maersk Tankers into EU debacle Data analyst firm Windward says the Cameroon-flagged Nobel was involved in manipulating its position before controversial Mediterranean trades
Euronav banks $22m on sale of elderly million-barrel tanker The first disposal of 2023 sees suezmax leave the fleet as renewal continues
Wirana jumps into tanker owning with Navios Partners VLCC buy Cash buyer turned shipowner wants to establish a fleet of large crude tankers
Maersk nears complete Russia exit after offloading logistics sites Danish group's towage operation in Sakhalin oil and LNG project is its last remaining asset in Russia
CargoX to provide blockchain FreightTech to former TradeLens users "The digitalization of trade documentation is in full swing worldwide, and companies need all the support and advice they can get to implement the optimum solutions into their everyday workflows," said CargoX CEO Stefan Kukman.
Container trade's next turn: Price wars, cheap contracts, new ships Two container shipping experts give their take on how the hangover after the pandemic boom could play out.
Air Canada's freighter investments weigh on cash flow Air Canada is investing heavily in its dedicated cargo operations at a time when freight rates are slumping.
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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