Havfram Wind's giant jack-up WTIV will be used for Hornsea 3 Ørsted has selected Havfram Wind, a subsidiary of Oslo-headquartered Havfram, to install turbines at its Hornsea 3 offshore wind farm off the U.K., starting fall 2026. Havfram Wind will be utilizing one
Samskip orders two hydrogen fuel cell powered containerships Rotterdam-headquartered Samskip Group has placed an order at India's Cochin Shipyard (CSL) for two hydrogen fuel cell powered short sea containerships for operation on west European routes. As we reported at the
Wärtsilä 31 engine gets a power boost Wärtsilä's highly efficient Wärtsilä 31 four-stroke diesel engine is being upgraded to deliver a higher power output within the same physical footprint. The upgrade will result in the current output range of
Record container throughput for King Abdulaziz Port King Abdulaziz Port in Dammam, Saudi Arabia handled 18,553 TEUs on a single vessel, making it the highest throughput ever recorded across Saudi ports. The previous record of the port was 18,021 TEUs set in the second quarter of 2022. In addition, the milestone was achieved aboard the 20,000 TEU container vessel CSCL Indian Ocean, arriving from the Far East, through the efforts of container termin
MSC enhaces KIWI service connecting Australia, New Zealand and Thailand MSC announced the enhancement of its KIWI service which will connect Australia, New Zealand and Thailand on a weekly basis. The full rotation of the updated service will be as follows: Laem Chabang (Thailand) - Singapore - Jakarta (Indonesia) - Brisbane (Australia) - Sydney (Australia) - Auckland (New Zealand) - Nelson (New Zealand) - Wellington (New Zealand) - Lyttelton (New Zealand) - Port Chal
Kalmar receives its first heavy electric forklift order from Innofreight Kalmar has received an order for a heavy electric forklift from Austrian train transportation service provider Innofreight Solutions GmbH. The purchase was placed in the Q4 2022 order intake of Kalmar's mother company, Cargotec, and the equipment is expected to be delivered in the fourth quarter of 2023. Innofreight, established in 2002, creates flexible train wagon solutions for industries such
MSC upgrades ScanBaltic to US service MSC introduced the expansion of its ScanBaltic to the United States service, which links the Northwest region and markets in the US. The new rotation will include calls to Jacksonville in the United States every two weeks. MSC said the service connects with the ocean carrier's European short sea and intermodal network and enhances support for the food and beverage, automotive and forestry industr
Brazilian container terminal invests in port equipment amid increasing box volumes APM Terminals announced that with volumes continuing to grow at Porto Itapoá, the Brazilian box terminal will heavily invest in equipment this year to be able to handle the increasing volumes. In fact, container throughput at Porto Itapoá grew by more than 14% in 2022, reaching 950,512 TEUs. The major port in Brazil will acquire ten hybrid Rubber Tyred Gantry Cranes (RTGs) becoming the first port
Samskip, duisport and TX Logistik to jointly operate logport III terminal in Duisburg Samskip, duisport and TX Logistik AG will jointly operate the CT terminal at logport III in Duisburg-Hohenbudberg in the future. In particular, for this purpose, the three partners have founded the new company "Ziel Terminal GmbH", in which Samskip will hold 49.8% of the shares, while duisport and TX Logistik each will hold 25.1%, respectively. This terminal partnership is currently still subject
Lineage Logistics opens expanded cold storage facility in Denmark Lineage Logistics, LLC opened its expanded cold storage facility in the Port of Aarhus in Denmark on 15 March 2023. The extension adds 18,000 pallet spots, bringing the total to 27,500 pallet capacity. Customers, including fish and shellfish producers, will benefit from simplified storage for their goods at a crucial site connecting seafood import and export, connecting Greenland and Denmark to t
Samskip orders zero-emission feeder container ships from Indian shipbuilder Norwegian shipping company Samskip agreed with Cochin Shipyard Limited (CSL), an Indian shipbuilding firm, on the design and construction of two zero-emission feeder container vessels with an option for two more boxships. According to the statement, this project is one of the world's first zero-emission feeder container vessels, fuelled by hydrogen fuel cells and, eventually, green hydrogen. The
Maersk unveils the design of its first green fuel powered vessel Maersk has unveiled the design of its first green fuel-powered container vessel on Twitter. The Danish ocean carrier said it expects to receive the first boxship of this type by South Korea's Hyundai Mipo Dockyard soon. "Our feeder vessel has a dual-fuel engine and will be able to operate on green methanol," noted the Copenhagen-headquartered container line in a Twitter post. We are thrilled to u
ONE launches new service between Singapore and Myanmar Ocean Network Express (ONE) has introduced a new service from Singapore to Yangon, Myanmar (SMM), strengthening the company's network in the region. ONE said this new service SMM will consolidate the existing YGX and TMM services and will provide twice weekly coverages from Singapore to Yangon. In this way, ONE noted it will give its customers connections for Yangon imports and exports via its tr
AD Ports Group signs agreements for Egyptian ports development AD Ports Group signed several agreements to expand its presence and increase its access to ports in Egypt. AD Ports Group and the Red Sea Ports Authority signed a 30-year concession agreement that allows the Group to develop and operate a multi-purpose terminal at Safaga Port on the Red Sea coast of Egypt. "Safaga Port will be the first internationally operated port in the Upper Egypt region, bri
Singapore and Norway sign maritime decarbonisation deal with IMO The Maritime and Port Authority of Singapore (MPA) and the Norwegian Ministry of Climate and Environment have signed an agreement with the International Maritime Organization (IMO) to assist developing countries in their efforts to reduce emissions from ships and in ports. Under a memorandum of understanding (MoU) inked in London this week, the parties will ...
Stolt Tankers adds pair of modern chemical tankers Stolt-Nielsen subsidiary Stolt Tankers has bolstered its fleet with a pair of modern 15,000 dwt stainless steel chemical tankers. The vessels built in 2018 and 2019 respectively will be named the Stolt Condor and Stolt Tucan and join Stolt Tankers' Inter-Caribbean service. The company said it expects to take delivery in the second quarter of ...
Peter Twiss steps down at Oldendorff Carriers Peter Twiss has stepped down as CEO and president of Oldendorff Carriers after nearly 28 years at the German dry bulk owner. Twiss, who started at Concept Carriers in 1995, moved through the ranks to become Oldendorff Carriers' CEO in 2003. He leaves the company after leading it to the best result in its 102-year ...
Excelerate Energy set to declare purchase option on Maran Gas FSRU New York-listed floating regasification specialist Excelerate Energy has lined up new financing to help fund the acquisition of FSRU bareboat chartered from Greece's Maran Gas. The Texas-headquartered company has added a $250m loan, maturing in March 2027, to purchase the 2020-built currently operating in Brazil. The Daewoo Shipbuilding and Marine Engineering (DSME)-built vessel has been ...
Maersk shows off its new methanol dual-fuelled ship The next generation of alternatively fuelled ships look remarkably like existing vessels if images released today by Danish carrier Maersk are anything to go by. Maersk today unveiled images of its soon-to-launch 2,000 teu, dual fuel ship, which can run on either VLSFO or methanol, a landmark ship that has since opened the floodgates to ...
Greek shipping still coming to terms with sale of whale lender Greek shipping is still coming to terms with the takeover of its largest lender. The swift buyout of troubled Credit Suisse by compatriot bank UBS on Sunday has left many questioning what the future holds for the enlarged bank's shipping interests. Credit Suisse has been the largest bank financier for Greek shipping since 2016, its ...
Ed Buttery takes the reins at Grindrod Edward Buttery will take over as CEO at Grindrod Shipping from the start of next month in tandem with his role leading parent firm, Taylor Maritime Investments (TMI). Stephen Griffiths will be retiring from Grindrod as interim CEO and chief financial officer. London-listed TMI took over Grindrod last year, creating a fleet of around 60 ...
IPCC report adds impetus to IMO's green deliberations The International Maritime Organization's greenhouse gas working group meeting in London this week has been given added impetus following the publication of the United Nations' Intergovernmental Panel on Climate Change (IPCC) synthesis report, providing a top line overview of findings from the world's leading climate scientists. Limiting warming to the Paris Agreement's 1.5°C requires rapid ...
PXGEO secures more work in Brazil Marine seismic player PXGEO has won a contract from the Sépia consortium for a 3D ocean bottom node survey in the Santos Basin, Brazil. The survey is to be acquired in water depths to 2300 m and last for approximately four months. The Sépia consortium comprises Petrobras, TotalEnergies, Qatar Energy and Petronas Petróleo Brasil, with ...
Global merchant fleet ageing rapidly The global merchant fleet is getting old fast with a growing number of experts suggesting shipping could face a bottleneck in the coming years as a paucity of available newbuild slots fail to cover the volume of ships hitting their demolition age. Data from Greece's Xclusiv Shipbrokers shows that in the space of the last ...
Edda Wind scores vessel contracts with Vestas Norwegian offshore wind contractor Edda Wind has secured work from wind turbine maker Vestas for its commissioning service operation vessels in 2024 and 2025. The Oslo-listed company said the contracts total a minimum of 750 days of firm work with options for extension of each work scope. The deals have been signed at rates above ...
Samskip contracts Indian yard to build up to four hydrogen-powered boxships European containerline Samskip has contracted India's Cochin Shipyard to build a pair of hydrogen fuel cell-propelled boxships. The contract comes with options for two more vessels. The ships, due for delivery from the second half of 2025, will be able to carry 365 45 ft long high cube containers. The vessels are equipped with hydrogen ...
Spliethoff targeted by the Australian Maritime Safety Authority The Australian Maritime Safety Authority (AMSA) has handed down a 90-day ban to Netherlands-flagged ship Flevogracht. AMSA detained the general cargo ship Flevogracht, operated by the Spliethoff Group, after the ship's rescue boat engine was found to be defective. AMSA had previously issued Spliethoff with two warning letters, outlining concerns over the seaworthiness of their ...
Peel Ports buys English bulk terminal Peel Ports bought HES Humber Bulk Terminal on the east coast of the UK from Rotterdam-based HES International. Claudio Veritiero, chief executive of Peel Ports Group, said: "The acquisition of HES Humber Bulk Terminal is an important investment for Peel Ports Group, expanding our presence into the east of England." The dry bulk terminal has ...
Intoxicated pilot blamed for boxship prang at Kaohsiung port A drunken pilot has been blamed for a containership prang at the port of Kaohsiung in Taiwan yesterday morning. The 2006-built, 6,800 teu ploughed straight into Pier 77, causing sizeable damage to to the concrete quayside. Port officials had noticed that the speed of the ship was too fast and sent a warning by radio ...
SIPG-backed new terminal opens in Lianyungang A new container terminal has opened at Lianyungang, a port city in northern Jiangsu province located in between Shanghai and Qingdao. Lianyungang Hulian Container Co is a joint venture between Shanghai International Port Group (SIPG) and the Port of Lianyungang Lianyungang port and SIPG inked a strategic cooperation agreement in 2021, which has seen the ...
Canadian National Railway reaches tentative agreements with union, averts strike Canadian National Railway (CN), one of Canada's two major freight railroads, has reached new tentative collective agreements with Unifor Local 100 and Council 4000, averting a strike that could have started this week. The collective agreements cover approximately 3,000 employees working in various departments such as mechanical, intermodal, facility management, and in clerical positions in ...
Enstructure acquires Richardson Companies, further expands Gulf Coast terminal network Enstructure, a US marine terminal and logistics company, has acquired Richardson Companies, a terminal and logistics company with primary operations in Port Houston and the Port of Mobile. Richardson handles a diverse mix of breakbulk cargoes, including steel products, forest products, and project cargo. The company operates approximately 1m square feet of industrial warehousing in ...
Banking turbulence amplifies capital-raising difficulties for shipping Huge profits earned by shipowners have lessened lending needs but finance for retrofitting vessels to manage greenhouse gas emissions targets...
Shell study sets target for hydrogen and biofuels in bunkers Shell suggests 10,000 ships will need to operate on hydrogen or hydrogen-based fuels by 2040
Government support will be necessary for eBL adoption Momentum is growing behind electronic bills of lading. But full adoption will not be possible without public sector support
Maersk reveals pioneering methanol boxship design Trailblazing containership is expected to use very low sulphur fuel oil until arrangements have been made for the regular sourcing...
Sanctioned tanker in collision with Dynacom panamax off Venezuela A US-sanctioned long range one tanker has been involved in collision with Dynacom's panamax crude oil tanker Kerala. The latter...
Orderbook impasse is turning tankers into 'cash machines', say owners Executives from nine of the world's largest tanker-owning companies say they will not order expensive new ships amid regulatory uncertainty
TS Lines offloads feeder boxships for 'above market' price Latest sales bring tally of containerships sold this year by container line operator to eight vessels, as the Taipei-based company...
Grindrod Shipping names Buttery as chief in reshuffle Interim chief executive and chief financial officer Stephen Griffiths will retire
HMM boxship detained in Taiwan after collision with quay No casualties or oil leak has been reported. Vessel is restricted from leaving the port even though it 'maintains perfect...
Skuld combined ratio 'well below 100%' Oslo-based P&I club hints underwriting performance last year will be in same order as Norwegian rival Gard, as International Group...
Oldendorff Carriers names Hutchins chief as Twiss steps down Family-owned dry bulk charterer appoints Patrick Hutchins to replace Peter Twiss as chief executive
Welcome aboard, UBS! It remains to be seen whether UBS will see shipping as 'strategic' or 'non-core'
CDB Leasing offers $284m for two LNG carriers from GasLog Bermuda-registered sellers are linked to two large-sized LNG carriers under GasLog Partners and GagLog Ltd, data shows
Norway and Singapore agree maritime decarbonisation deal with IMO 'Joining forces through this co-operation will strengthen the support to decarbonising the maritime sector in developing countries,' says Norwegian climate...
Maritime completely abandoning fossil fuels is not realistic Shipping should look to reduce carbon emissions rather than trying to go carbon-free, forum hears
Daily Briefing Flags refute claims as ITF vows crackdown on 'substandard shipping' | China doesn't matter for dry bulk, says Clarksons |...
ILWU Canada triggers federal intervention in contract talks with employers ILWU Canada is seeking significant wage increases, while automation of cargo-handling equipment, a source of tension in past contract negotiations, will likely once again be a prominent issue.
Knight-Swift to buy truckload carrier U.S. Xpress for $808 million Knight-Swift, the largest US truckload provider, will substantially expand its reach and scalability for shippers with the purchase of U.S. Xpress, the country's ninth-largest truckload carrier.
New IMO rules muddying vessel strategy for MPV, heavy-lift owners MPV and heavy-lift vessel owners need clarity on emissions, alternative fuels, and regulations before committing to new vessel schemes.
Disruptions always lurking in container shipping: analyst While the ocean shipping market has largely normalized after COVID-19, stakeholders would be wise to pursue a business strategy that takes operationally disruptive events into account, writes analyst Lars Jensen.
Cash-rich ocean carriers can ride out market downturn: AlixPartners Carriers can use their windfall profits of the COVID-19 era to withstand the market downturn and are investing in strategic ways to supplement core liner shipping activities.
Proactive approach to ISPM 15 progressing despite roadblocks Breakbulk shippers and logistics providers have several proposals for changes to ISPM 15 mitigation and enforcement measures pending approval from the USDA's Animal and Plant Health Inspection Service.
Cool experience: LNG shipowner and sponsor Idan Ofer celebrate NY listing Coolco has transferred its listing from Oslo to New york
Citi's Michael Parker urges IMO to commit to deeper emissions cuts by 2050 Veteran shipping lender and Poseidon Principles chairman said the Paris Climate Agreement will be out of reach without IMO leadership
Norden commits to capesize market by snapping up two ships Danish owner-operator hopes to ultimately operate a fleet of up to 25 capesize vessels
Crude trade shifts to US Gulf as global prices fall Turmoil in the oil market is good for tankers, says broker Lorentzen & Co
Alternative CII rating index aims to reward productive ships Emissions index that removes time spent in port to focus on cargo carried submitted to IMO by online freight platform Shipnext
Columbia's Mark O'Neil urges shipping to shift focus because fossil fuels are going nowhere Industry needs to capture more carbon as geopolitical tensions work against a "zero" world, CEO says
Capital Product Partners bags $34.4m from Akadimos container ship fixture Deal reflects buoyant charter market for neo-panamax container ships
SGMF rolls out first guides for ammonia and hydrogen as marine fuels Lifecycle analysis work on two alternative fuel options is underway as industry body fills in information jigsaw
'Exponential' rise pushes VLCCs to $113,000 as smaller ships benefit Upwards march continues for tanker rates as Europe takes record amount of US crude
Shell scenario sees need for 10,000 hydrogen ships in service by 2040 Decision-making aid designed to 'stretch thinking' on energy security moves
Venezuela oil minister quits amid export corruption probe Tareck El Aissami says that he will support the inquiry into 'serious acts of corruption' at PDVSA
Oldendorff Carriers makes further staff changes as two of its leaders retire Staff will be moved around following the news that the CEO of the bulker owner-operator is stepping down
Vitol sees oil demand rising 2m bpd in 2023 as it reveals $505bn revenue Trading giant continues it focus on the energy transition in shipping as it benefits from war disruption
Heidmar targets 20 more ships as it eyes 'highly fragmented' bulker sector Pool player and manager has big plans as it prepares to list on Nasdaq
Langh and Samskip deploy biofuel on feeder container ship Efforts to reduce carbon footprint is yielding 'positive results'
Excelerate Energy secures $600m in credit for FSRU buy from Maran Gas Maritime Regasifiction specialist borrowing $250m to exercise purchase option on three-year-old unit
S&P train steams on as Chartworld doubles its money on older product tanker Shipowner reportedly offloads clean carrier for huge profit less than two years after buying it
Cook Islands says abandonment cases falling as it responds to ITF attack Register was named one of the four worst flags operating in the Mediterranean
Peter Twiss retires from Oldendorff Carriers - effective immediately Low-key Canadian has been instrumental in turning family-run shipowner into the world's biggest bulker operator
Germany's EnBW scours market for owners to book LNG carrier quartet Market players can offer in on one or more of four shipyard berths in South Korea that have been pre-reserved at strong prices
Stolt Tankers snaps up modern Turkish duo as it tackles ageing fleet Stolt-Nielsen company has big retrofit plans for stainless steel vessels
Tumbling oil price to trigger a rise of storage in tanker boost Oil prices tumble to 15-month low following banking turmoil
Cash-rich HMM expands into the red-hot car carrier sector The liner company has ordered three new PCTCs worth more than $300m against charter contracts from Hyundai Glovis
Spliethoff accused of 'pattern of unacceptable performance' as ship banned Dutch owner's Flevogracht barred by Australia for 90 days following two warning letters about seaworthiness
Debate rages over demand outlook for looming LNG newbuilding wave Plenty of LNG carriers are set to hit the water in the coming years, but can the market absorb them all?
Italy's second FSRU hoves into view for Snam The regasification vessel is due to start operations in Piombino in May
Safe Bulkers lines up $17m share buyback despite profit shrinking Stock rises 2.4% in New York after announcement
Buttery takes the reins at Singapore's Grindrod Shipping Interim CEO and CFO Griffiths set to return to UK after 13 years as US-listed shipowner reshapes top team
Samsung and Kongsberg look to develop autonomous LNG carriers Shipbuilder says an autonomous LNG carrier design would reduce operational risk and costs.
Royal Caribbean recruits FedEx autonomous guru to board US-listed cruise line continues to bolster technological know-how with latest senior appointment
Kabir Ship Recyling becomes Bangladesh's third HKC-compliant yard Options for green recycling improve as Bangladesh offers top dollar for tonnage
Buttery takes the reins at Singapore's Grindrod Shipping Interim CEO and CFO Griffiths set to return to UK after 13 years as US-listed shipowner reshapes top team
Bad luck hampers start of WestJet freighter operations WestJet can't seem to catch a break getting its new cargo airline off the ground. It had to postpone the fleet launch another month, and the conversion facility is taking longer than expected to complete the final aircraft.
Inflation triggers major user fee increases at FMC Fees to register a business or file complaints at the Federal Maritime Commission will be significantly higher in 2023 to account for higher agency costs.
February volumes soften at South Carolina Ports Although February volumes at SC Ports were down 13% year over year, they still represented the second-highest total for the month in port history.
DSV snaps up Arizona trucking, logistics companies DSV is rapidly building up its logistics infrastructure in Arizona, an emerging market for semiconductors and electric vehicles.
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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