VIDEO: FMD Chesapeake Training and Service Center celebrates grand opening Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, celebrated the grand opening of its newest Training and Service Center Campus in Chesapeake, Va. located at 733 Curtis Saunders Court on
Fincantieri Marinette Marine books fourth Constellation-class contract The Navy has awarded Fincantieri Marinette Marine a $526,293,001 contract for detail design and construction of the fourth Constellation-class guided-missile frigate, FFG 65. FMM received the contract for the first-in-class Constellation-class frigate
USACE breaks ground for new lock chamber at Lock and Dam 25 The St. Louis District Engineer District held a groundbreaking ceremony May 18 for a new 1,200 foot x 110 foot lock chamber adjacent to the existing 600 foot x 110 foot lock
Austal USA wins T-AGOS contract with $3 billion plus potential Austal USA, Mobile, Ala., has been awarded a $113,906,029 NAVSEA contract for the detail design and construction of the lead T-AGOS 25 Class Auxiliary General Ocean Surveillance Ship. The contract includes options
Port of Melbourne container volumes down in April Port of Melbourne's total container throughput (full and empty) reached 246,542 TEU in April, translating to a 3.9% decrease from April 2022. Additionally,hile box volumes were down 0.5% for the period January-April 2023, compared with the same months last year. Furthermore, full overseas imports were down 4.8% in April 2022, with furniture, miscellaneous manufactures, non-electrical machinery, d
Svitzer invests in two fuel-efficient tugs for Newcastle Harbour Svitzer, global towage provider and part of A.P. Moller-Maersk, will invest in two new state-of-the-art, fuel-efficient tugs to operate on Newcastle Harbour. CEO of Port Authority of New South Wales (NSW), Captain Philip Holliday said the two new TRAnsverse tugs will not only meet Newcastle's complex harbour towage requirements but will also reduce fuel use and emissions. He added that Svitzer's
Port of Oakland approves plan for green upgrades at TraPac terminal The Oakland board of port commissioners approved an ordinance that will make progress in reducing emissions from cargo handling equipment at TraPac, a marine terminal at the Oakland Seaport. Port Commissioners unanimously voted to amend terminal operator TraPac's lease to include green upgrades to cargo handling equipment at its terminal facilities. TraPac will retrofit three rubber-tired gantry
Maersk and Barry Callebaut to open new cocoa bean warehouse in Malaysia A.P. Moller - Maersk and Barry Callebaut Group, manufacturer of high-quality chocolate and cocoa products, have entered into a long-term partnership to build and operate a new Built-To-Suit cocoa bean warehousing and dispatching facility in Malaysia. A ground-breaking ceremony of this dedicated facility was held in Pasir Gudang, Malaysia on 18 May, 2023. Located in the Johor Bahru district, the m
Port of Los Angeles handles 688,000 TEUs in April The Port of Los Angeles processed 688,110 TEUs in April, a 22% decrease compared to last April, which was the second busiest on record. Loaded imports in April 2023 totalled 343,689 TEUs, a 25% decrease from the previous year. Loaded exports reached 88,202 TEUs, a 12% decrease from the previous year, while empty containers amounted to 256,220 TEUs, a 23% drop from 2022. Port of Los Angeles freigh
ONE adds new call to AIM service Ocean Network Express (ONE) announced that AIM weekly service will change its port rotation, by adding Hazira call. The new rotation will take effect as from Bea Schulte, arriving in Hazira on 14 June 2023. The current port rotation is, JEA - MUN - NSA - CMB -DUR - TEM - TIN - APP - DUR - JEA The new port rotation will be as follows, JEA - MUN - HZA - NSA - CMB - DUR - TEM - TIN - APP- DUR - JEA
Two shipping lines pay civil penalties totaling US$2.65 million Two ocean common carriers have paid a combined total of US$2.65 million in civil penalties to resolve allegations of misconduct brought by the Federal Maritime Commission's Bureau of Enforcement, Investigations, and Compliance. Ocean Network Express Ptd. Ltd. (ONE) entered into a compromise agreement with the FMC in April to resolve allegations it violated 46 U.S.C. ' 41102(c) by assessing detent
China Merchants readies four more newbuilds China Merchants Energy Shipping (CMES) is continuing to grow its fleet with four more newbuild vessels. The Shanghai-listed energy transport unit of China Merchants Group said its board had approved the construction of two 175,000 cu m liquefied natural gas (LNG) carriers and two aframax tankers. CMES has not named its yard of choice, which ...
Samsung Heavy showcases new ship designs Samsung Heavy Industries (SHI) has unveiled its newly designed ships at a recently held technology roadshow in Europe. The South Korean shipbuilder is targeting its European customers, including those in Greece, the UK and Italy, with new concepts for LNG carriers and eco containerships. An LNG unit introduced features three cargo tanks instead of the ...
MOL orders dual-fuel methanol carrier for Mitsubishi Gas Chemical charter Mitsui OSK Lines (MOL) has tapped South Korea's Hyundai Mipo Dockyard to build a dual-fuel methanol carrier for delivery in 2025. The Japanese shipping giant has fixed the 47,800 dwt ship on a long-term charter contract with Mitsubishi Gas Chemical Company. The vessel, which will run on either methanol or conventional heavy fuel oil, will ...
G7 leaders discuss further Russian shipping sanctions Leaders of the Group of Seven (G7) nations are meeting in Hiroshima and discussing further shipping-related sanctions on Russia. New measures announced by the leaders during the May 19-21 meetings will target sanctions evasion involving third countries, and seek to undermine Russia's future energy production and curb trade that supports Russia's military. An official announcement ...
Fredriksen signs for up to eight bulk carriers in China John Fredriksen's Seatankers has contracted Qingdao Shipyard in China for up to eight 82,000 dwt bulk carriers. No price or delivery date has been revealed for four firm kamsarmaxes measuring 229 m in length and with a design speed of 14 knots. The deal includes options for four additional ships, all designed to meet the ...
COSCO forms European car carrier pact COSCO Shipping Car Carriers has signed has a strategic cooperation agreement with Germany's PWL Shipping as it prepares to ramp up calls to Europe once its 20+ backlog of newbuildings deliver. The two parties will work on developing car carrier services in Europe and providing full-scale automobile logistics and other value-added services. In the first ...
PGS bags Barents Sea survey deal Norwegian offshore seismic acquisition specialist PGS has won a new 3D survey contract in the Barents Sea. The 2017-built Titan-class vessel is mobilising for the survey which should last about 40 days. The 24-streamer ship most recently executed projects in the Mediterranean region. The contract value has not been disclosed, but as per PGS' Oslo ...
Crowley and Stena Bulk win business from the Pentagon Three Crowley-managed tankers have been selected by the US Maritime Administration (MARAD) to serve in its Tanker Security Program. The program ensures a commercial fleet can readily transport liquid fuel supplies in times of need for the US Department of Defense. The selected medium-range tankers are part of a joint venture between Crowley and Stena ...
ONE and Wan Hai cop FMC fines Two ocean common carriers have paid a combined total of $2.65m in civil penalties to resolve allegations of misconduct brought by the Federal Maritime Commission's Bureau of Enforcement, Investigations, and Compliance. Ocean Network Express (ONE) entered into a compromise agreement with the FMC in April to resolve allegations it violated American rules by assessing detention ...
Aker Solutions joins ExxonMobil's Uaru contractor list Aker Solutions has sealed a deal with ExxonMobil to provide dynamic and static subsea umbilical for the Uaru oilfield development, located in the Stabroek block offshore Guyana. The contract, worth between $46m and $138m, includes delivery of three dynamic and seven static umbilicals totaling over 52 km in length. Project execution, engineering, and manufacturing will ...
Freight corridor linking Moscow with Mumbai slowly taking shape Another part of the infrastructure jigsaw to create the long-planned International North-South Transport Corridor (INSTC) is taking shape. The INSTC, a project originally launched by Russia, Iran and India in 2002, is a 7,200 km-long multi-mode network of ship, rail, and road to move freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe. The ...
Yangshan tops new container port performance index Yangshan Port, located offshore Shanghai, has taken top position in the third edition of the global Container Port Performance Index (CPPI), despite periods of disruption caused by typhoons and various other factors in 2022. Developed by the World Bank and S&P Global Market Intelligence, the third edition of the CPPI is a data-based comparable index ...
TechnipFMC scores Equinor well intervention contract TechnipFMC has won a contract worth up to $250m from Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf. The two-year deal runs from 2024 to 2025, with options to extend for each of the three subsequent years. TechnipFMC will provide production enhancement, production data, and pre-plug-and-abandonment services to Equinor ...
Dark fleet spotlight shines on Geneva-based Fractal Shipping Fractal Shipping has emerged as the second-largest dark fleet operator after Gatik Ship Management, which has had its flag and...
ONE and Wan Hai agree civil penalties following FMC probes Ocean Network Express and Wan Hai Lines have resolved allegations brought against them by the Federal Maritime Commission. They agreed to...
Comité Maritime International eyeing further conventions 'What I hope to bring to the table is me and my practical approach to maritime law and shipping, while...
The View: Combatting climate change needs passion, not statistics The climate change activists were not parading around Dubai's convention centre calling shipping to account: There was no point. Shipping...
Kenya launches candidate for IMO secretary-general Voting takes place in July. If successful, Karigithu would be the first African and first women elected in the IMO's...
Russian foreign ministry says grain deal will be terminated if demands not met Russia continues to use its participation in the Black Sea Grain Iniatiative as a bargaining chip to push forward progress...
US and UK sanctions shipping companies as G7 readies tighter restrictions G7 prepares to impose fresh sanctions on Russian ships and tighten gaps that allow circumvention of existing measures
Hafnia reports record quarterly profits on trade flow shifts The Singapore-based company, which is engaged in an active fleet renewal programme, highlighted that total profit over the past year...
Qingdao Shipyard seals deal with Seatankers for up to eight bulkers The deal will strengthen the state-owned shipyard, which emerged from a debt restructuring three years ago
Shipowners' Club hails 'breakout year' Premium income hits record high, but marine mutual takes hit from declining investment returns
MOL and Mitsubishi agree long-term charter on methanol carrier The vessel will be the first dual-fuelled methanol carrier to sail under a long-term charter for a Japanese company, says...
Russia sanctions hit Hamburg throughput Container volumes were down 16.9% in the first quarter after the loss of the port's fourth-largest trading partner. But transatlantic...
New ships authorised in Ukraine grain deal Three vessels have been registered to travel into the Odesa region, and one stranded ship has been granted permission to...
China Merchants to order more LNG carriers and aframax tankers Yard details were not disclosed, but the Chinese owner has co-operated with Dalian Shipbuilding in relation to newbuildings in the...
Maersk sued by chief engineer for 'wrongful termination' in Midshipman X case Maersk has defended the firing of Filomeno Gaylan, who is seeking damages of at least $300,000 and is also suing...
LA's Seroka says west coast labour deal is 'on the doorstep' as soft volumes continue Executive director Gene Seroka said the global economic slowdown, high inventories and the prolonged west coast labour negotiations have had...
The Lloyd's List Podcast: A case for optimism in shipping's zero-carbon challenge Fuel and infrastructure availability should not be a barrier to shipping's rapid decarbonisation. Aligning the industry with a 1.5°C Paris...
Daily Briefing Tanker owners stay positive as profits projected for fifth consecutive quarter | Vladivostok volumes continue to rise on access to...
Pandemic-induced trailer dislocation still hampering US truckload carriers Trailer marketplace technology provider vHub estimates a quarter of truckload trailers are out of network for the nation's carriers, with an abrupt shift in demand exacerbating that dislocation.
Top US Shippers: Home construction decline drags down HHG import demand A decrease in US housing construction from the fever pitch seen during the COVID-19 pandemic is reducing demand for imports of furniture, appliances and other household goods.
ONE agrees to pay $1.7 million fine in detention/demurrage case: FMC The carrier will pay the penalty to avoid the Federal Maritime Commission launching a formal investigation into whether it violated US detention and demurrage shipping laws.
Oakland's Howard Terminal eyes redevelopment after ballpark proposal dies With a proposed baseball stadium at the terminal location off the table, the Port of Oakland is considering options to expand maritime support activities at the 50-acre site to complement overall growth at the port.
India-Europe contract prices tumble as demand rebound eludes carriers Forwarders do not expect prices to stabilize or trend up anytime soon, with carriers increasingly struggling to secure steady booking levels to fill their export allocations out of India despite capacity readjustments.
Pandemic-level drop in Q1 demand hits European intermodal transport A "perfect storm" of poor schedule reliability, persistently high electricity prices, weak demand and cheaper diesel for trucking continues to undermine Europe's rail-dominated combined transport sector.
Dry bulk market falls as 'Covid-19 bubble' bursts and shipowners refuse to ballast 'Each dry bulk segment is being affected by different factors,' Arrow Shipbroking Group's Harry Grimes says
UK-registered shipowner hit by sanctions over 'systematic' Russian grain theft UK follows lead of EU and also takes action against Sovcomflot's Dubai-based manager Sun Ship Management
Croatia's 3 Maj lines up deal to build four polar cruise ships US owner is said to have signed letter of intent
Editor's selection: De Stoop departs, Stolt spotlights corruption and Greek shipowner's Hollywood S&P foray A look back at some of the big and important stories of the week brought to you by TradeWinds' international team of journalists
Pan Ocean linked to sale of small product tanker fleet as profit rises South Korean owner said to have offloaded four ships
Bigger payouts will be 'new normal' at cash machine Hafnia Analysts calculate dividends at 70% of huge net profit in quarters ahead
ONE and Wan Hai fined by US regulator for alleged misconduct Carriers reach settlement over misconduct claims
Havila Kystruten wins US and UK licences to refinance ferries out of Russian leases Norwegian company will be able to run newbuildings after months of delays
MOL orders dual-fuel methanol tanker against charter contract from Mitsubishi Gas Chemical Newbuilding to be built at Hyundai Mipo will cost around $55m
Probe begins after South Korean tanker hits bridge in Japan Vessel and pillar damaged
John Fredriksen's Seatankers joins rush to order kamsarmax bulkers amid tightening shipyard slot supply The Norwegian shipowner is said to be paying around $33m each for the conventionally fuelled ships
UK sanctions London-based shipowner over 'systematic' Russian grain theft UK follows lead of EU and also takes action against Dubai-based SCF Group manager Sun Ship Management
Singapore's OCBC bank sets decarbonisation target for ship finance South East Asia's second-largest lender claims targets are internationally recognised, science-based pathways
Product tanker engine room blaze brought under control near Istanbul No injuries or pollution reported
Turkey's Densay races past 40-ship mark with spate of ultramax orders Rapidly expanding Dubai player inks newbuildings in three Chinese yards
Hafnia buys MR tanker duo as profit nears $1bn in a year First quarter was best ever at BW Group operation
Shortsea players expect to live with short steps towards decarbonisation While decarbonisation projects grab the headlines, shortsea shipowners admit that vessel life extension and not newbuildings remains the order of the day
Samsung Heavy unveils designs for greener LNG carriers and container ships Yard holds 'technology roadshow' in Europe with Athens being the first stop
More women and diversity in shipping is not a 'fluffy nice to have, it's critical' Heidi Heseltine, founder of the maritime Diversity Study Group, says greater inclusion is the way for shipping to access a wider talent pool that can meet its challenges
Weather delays Shiling towing operation until next week New Zealand authorities have identified a potential window for the operation early next week
Container shipping under pressure as peak season hopes dim Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
WestJet averts pilots strike, agrees to new contract There's plenty of cargo news in Canada with WestJet avoiding a pilots strike and Air Canada expanding its freighter network to Costa Rica.
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