Svitzer takes delivery of RAstar 3200-W tug from Uzmar Turkey's Uzmar Shipyards has delivered the Svitzer Elizabeth to Svitzer. Designed by Vancouver, B.C., based Robert Allan Ltd, the 32-meter RAstar 3200-W will be the first Uzmar tug to be part of
Oily rag fire totaled $1.5 million yacht Here's one that could be filed under "always read the manufacturer's instructions." A National Transportation Safety Board report released this week highlighed the fire hazards of improperly stored oily rags on vessels,
Missing submersible: Underwater sounds detected As the search for the OceanGate Expedition's missing submersible Titan continues, U.S. Coast Guard First District reported last night that a Canadian P-3 aircraft had detected underwater noises in the search area.
SLB's Le Peuch: Offshore oil and gas "experiencing a renaissance" "Offshore [oil and gas] is experiencing a renaissance, with significant breadth and anticipated durability. Driven by the imperative of energy security, regionalization, and North American shale supply discipline, operators across the world
Tnemec solves scrubber system tank coating problem Exhaust gas scrubber systems are not always problem-free and when America's largest producer of construction aggregates, Vulcan Materials Company, encountered coatings issues with the scrubber system tanks in the 2018-built, 66,445 dwt
River water level to be lowered for Lock and Dam 1 repairs The U.S. Army Corps of Engineers, St. Paul District, and the Minnesota Department of Natural Resources, plan to slightly lower the Mississippi River between Lower St. Anthony Falls and Lock and Dam
ZIM expands partnership with 40Seas Israeli ocean carrier ZIM Integrated Shipping Services has announced the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the 40Seas' digital financing solution via ZIM's website as well as Ship4wd's, ZIM's freight forwarding subsidiary. This new service will be rolled out gradually starting in the United States, Canada, United Kingdom, France, Germany,
DP World orders electric port equipment for London Gateway Kalmar, a Cargotec company, has received a large order from DP World for eight completely electric Kalmar straddle carriers with high-energy batteries for its London Gateway logistics centre. The order was received in Cargotec's Q2 2023 order intake, with delivery expected for the second quarter of 2024. London Gateway is a deep-sea port, rail terminal, and logistics park on the River Thames in t
Samskip opens new office in Czechia Samskip has announced the opening of a new office in Prague, Czechia aiming to accelerate multimodal transport service development in Central Eastern Europe, after the recent expansion of the company's presence in Poland, which was the starting point for the rollout of this initiative in the region. The team in Gdansk, Poland will work as a hub for customer service and operations for the Central
APM Terminals receives largest ever boxship in Apapa APM Terminals Apapa received the largest container ship to ever call at Nigeria's Lagos Port Complex Apapa. The Singapore-flagged Kota Cantik, operated and managed by Pacific International Lines (PIL), is a 6,606 TEU vessel with a draught of 11.6 metres, length overall (LOA) of 300 metres and beam of 40 metres. Terminal manager of APM Terminals Apapa, Steen Knudsen noted that one of the advantage
X-Press Feeders retakes top feedering spot X-Press Feeders has regained the top spot from DP World unit Unifeeder as the world's largest common feeder operator. Alphaliner's latest report, issued today, said that the Singapore-based X-Press Feeders, now the 16 th largest operator, has expanded its fleet by 2.1% since June 2022, and now has a capacity of 134,773 TEU, including 71,232 TEU of owned vessels. Over the same period, Unifeeder (r
CLEVR and Kongsberg launch shipping digitalisation partnership CLEVR, provider of low code and PLM software solutions, partners with Kongsberg Maritime, technology company in the maritime industry. Through this collaboration, the companies aim to accelerate Kongsberg Maritime's internal digital transformation journey. In the coming years, CLEVR intends to provide its services to support Kongsberg Maritime in the digital transformation of its internal workflo
APM Terminals Callao achieves container record, exceeding 1 million TEUs in single year For the first time since the concession began in 2011, APM Terminals Callao, the operator of Peru's Callao North Multipurpose Terminal, reached one million TEUs in a single concession year. The statistic reflects, in part, a global increase in container move relative to general freight, a trend that was briefly interrupted owing to the Covid-19 pandemic. The number of containers entering the port
Feeder boxship suffers engine room fire in Shanghai waters A fire broke out in the engine room of the 1,600TEU Zhong Gu Tai Shan on 19 June, according to Maritime Bulletin's report. There were 22 crew members on board with 14 seafarers being evacuated and the remaining eight remaining on board. The feeder boxship was in Shanghai waters at the time of the fire incident sailing from the port of Nakhodka in Russia to the port of Shanghai in China. The Marit
Kalmar introduces Electric Straddle Carrier Charge Family The Electric Straddle Carrier Charge Family is the newest addition to Kalmar's expanding set of entirely electric equipment. Straddle carriers and smaller freight handling equipment such as reach stackers and forklifts with varied lifting capabilities are already part of the company's electrically driven portfolio. The Charge Family includes battery technology, charging methods, and software to h
Maersk announces industry-first container vessel conversion to methanol dual-fuel engine Maersk has decided to retrofit an existing ship to a dual-fuel methanol powered vessel and thereby be able to sail on green methanol. For this reason, the Danish shipping company has signed an agreement with MAN Energy Solutions (MAN ES) which will retrofit the engine. This is expected to be the first engine retrofit in the industry and is scheduled to be conducted medio 2024 with the intent to r
UniqueGraphs Review: Spotting Market Manipulation The potential for market manipulation is a significant problem in the cryptocurrency and foreign exchange markets. The dangers of market manipulation may be reduced if traders know and prepare for them. UniqueGraphs is a market-leading platform that uses cutting-edge analytic and monitoring tools to identify potentially fraudulent financial transactions. This post will discuss market manipulation
HMM launches new service to connect Far East, India, Middle East and Mediterranean HMM will launch a new service product providing links between the Far East, India, Middle East and Mediterranean regions, under the name of FIM. FIM will be solely operated by the South Korean ocean carrier and will commence on the first week of August. The port rotation of HMM's FIM service will be the following: Busan (South Korea) - Kwangyang (South Korea) - Yangshan (China) - Ningbo (China) -
Norwegian broker Lorentzen & Co goes bust Norwegian shipbroker Lorentzen & Co has declared bankruptcy after over 100 years in business. The Oslo-based firm submitted a tender request after several years of heavy losses and a name change to Lilleaker Shipping Advisors earlier this week, according to the Norwegian business daily Finansavisen. Lorentzen & Co was established by the four sons of ...
Spain seen as green shipping corridor hub A recent study by the Global Maritime Forum has identified Spain as a hub for green shipping corridors towards the rest of Europe and beyond. Global Maritime Forum's study named 'Green shipping corridors in and out of Spain: Assessing route-based opportunities' highlighted the eight most promising green corridor routes in and out of Spain. Based ...
Top Ships to spin off suezmax Nasdaq-listed Greek eco tanker owner Top Ships has moved to spin off one of its suezmax vessels into an independent publicly-traded company. The company's subsidiary Rubico has been earmarked for the move and to own the 2021-built 157,000 dwt scrubber-fitted . As part of the spin-off transaction, Top Ships is to distribute 100% of the ...
KCA Deutag wins $70m worth of drilling deals in UK North Sea Drilling and engineering contractor KCA Deutag has been awarded new contracts and extensions with a total value of over $70m for the provision of drilling and maintenance services in the UK North Sea. KCA Deutag said that the deals, each ranging from two to five years, were awarded by the company's existing clients. According to ...
CIP to invest $350m in South Korean offshore wind Copenhagen Infrastructure Partners will invest $350m into offshore wind projects in South Korea. The investments will support the development and construction of gigawatt-scale offshore wind projects in the country, where CIP has been developing and securing electricity business licenses since 2018, a Danish fund manager said. The projects, which include both fixed bottom and floating ...
TotalEnergies sets sights on Portuguese offshore wind with Galp tie-up French giant TotalEnergies has joined forces with a Portuguese energy firm Galp to explore potential offshore wind opportunities in Portugal. Portugal has set the ambition to promote the development of 10 GW of offshore wind capacity in the coming years, opening a range of opportunities given its wide coastline with favourable weather conditions and the ...
Tankers International boosts pool fleet with TRF VLCC UK-based VLCC pool operator Tankers International has bolstered its specialist scrubber pool with the addition of Transportation Recovery Fund's 2018-built . The 297,600 dwt ship was delivered to Tankers International earlier this month, lifting the company's total fleet to 65 VLCCs. "The addition of the TRF Horten further improves our pool's unrivalled strength and depth, ...
Diana Shipping finds work for ultramax with Western Bulk Carriers Greek bulker owner Diana Shipping has entered into a time charter contract with Western Bulk Carriers, for one of its ultramax dry bulk vessels. Diana Shipping said that the vessel in question was the . The gross charter rate is $13,800 per day, minus a 5% commission paid to third parties, for a period until ...
Pioneer Logistics in rig move as Energy Drilling buys Seadrill trio Singapore-based Pioneer Logistics has moved into the offshore drilling sector, becoming a key shareholder in compatriot tender drilling rig specialist Energy Drilling (EDrill). An undisclosed equity injection from Pioneer, together with cash on hand and bank financing, will support EDrill in raising the funds required to purchase three tender rigs from Seadrill. The New York- ...
Maersk pioneers methanol dual-fuel retrofit Underlining how it sees methanol as its key fuel for the 2020s, Maersk announced today another industry first that will see the Danish liner giant retrofit one of its ships to methanol dual-fuel. The Copenhagen-based shipping and logistics group has selected German engine maker MAN Energy Solutions for the first engine conversion set to take ...
SBM Offshore secures $1.61bn financing for Mero FPSO Dutch floater expert SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of around $1.61bn. SBM Offshore said that the project financing was provided by a consortium of 12 international banks with insurance cover from three international export credit agencies (ECA). The financing is composed of four separate facilities ...
Exclusive satellite images of wrecked Pablo tanker cast dark light over shadow fleet Fifty-one days since it exploded in Malaysian waters, killing three crew, the tanker remains alone, untended, with the authorities at a loss with what to do with the wreck, a sharp warning of the hugely damaging threat posed by the growth of the so-called dark fleet. MarineTraffic data shows the ship remains at anchor off ...
MOL sniffs new fuel opportunity with cow dung Cattle manure as an alternative ship fuel has been proven to be possible in landmark trials in Japan. A seven-strong group has delivered Japan's first successful trial using liquefied bio-methane (LBM), or bio-LNG, derived from cattle manure on Mitsui OSK Lines' (MOL) 2020-built LNG-fuelled general cargo vessel . Earlier this year, the Japanese shipping giant ...
Seacor Marine pays off COSCO for PSV trio with $28m loan US offshore vessel operator Seacor Marine has entered into a new $28m senior secured term loan facility to refinance three platform supply vessels (PSVs) built by COSCO Shipping Heavy Industry. Seacor Marine said that the loan was provided by a Hudson Structured Capital Management affiliate and will fully refinance the shipyard financings maturing in 2023 ...
Hammerfest Energi and Varanger Kraft join offshore wind consortium Energy companies Hammerfest Energi and Varanger Kraft have joined the Blåse Energi offshore wind consortium. Blåse Energi is currently working on the application for the Utsira Nord area, the first full-scale floating wind farm in Norwegian waters. The two new partners will strengthen the consortium, and Blåse will be the first consortium to apply for ...
American asset manager raises funds for boxship acquisitions Greywolf Capital Management , an American asset manager, has raised $120m for a new Containership Opportunities Fund II, according to Alphaliner. The new fund will focus on the opportunistic purchase of commercial ships leased to major container shipping companies. It follows on from an earlier fund, Greywolf Containership Opportunities Fund I, which closed for new ...
OSG MR tanker wins US military work Overseas Shipholding Group (OSG) has announced that the Military Sealift Command (MSC) has awarded the MR tanker a time charter contract to assist with the removal of fuel from the Red Hill Bulk Fuel Storage Facility in Hawaii and to provide ongoing fuel transportation services to MSC. OSG's CEO Sam Norton commented: "This award highlights ...
China showcases its own rotor sails China has showcased its first domestically produced rotor sails, installed on an 11-year-old bulk carrier. CSSC Chengxi Shipbuilding installed four Flettner rotor style sails on the 45,000 dwt Chang Hang Sheng Hai, a ship which is owned by Minsheng Financial Leasing and operated by Ming Wah. The sails, developed over the last three years, are ...
Norvic Shipping becomes a shipowner with LR2 acquisition New York-headquartered Norvic Shipping has purchased the Pro Alliance, a 105,348 dwt aframax LR2 tanker, from SK Energy in South Korea. The acquisition of the vessel, which has been renamed Norvic Monia, sees Norvic owning its first ship outright, marking a strategic shift from an operator to owner-operator model. No price has been revealed for ...
EU agrees new measure targeting Russian sanctions evaders Newly tightened sanctions targeting evasion bans access to EU ports for ships which engage in ship-to-ship transfers if there is...
Shipping could turn to green steel to tackle Scope 3 emissions The Sustainable Shipping Initiative suggests the shipping industry should focus on reducing emissions caused by shipbuilding in a new report...
TOP Ships eyes launch of new suezmax spin-off According to filings, the spin-off may have first offer rights over two more TOP Ships suezmaxes
Asset manager exits Cosco investment as climate concerns start to bite Chinese shipping giant Cosco has been sanctioned by one of the world's largest asset managers for failing to meet basic...
Zim integrates 'Ship Now, Pay Later' trade finance service Trade finance solution is designed to provide customers with fast and easy access to capital, simplifying an otherwise potentially cumbersome...
US bank acquires $123m tranche of Greek shipping loans from HSBC Sale follows HSBC's disposal of a $265m tranche of Greek loan book to Piraeus Bank
Zhonggu Logistics boxship catches fire off Shanghai, crew safe The fire has been extinguished, a company spokesperson says, while the rescuers and investigators are waiting for the ship to...
Al Ghurair appeals contempt ruling after failing to pay shipowner Dubai-based trader hit with six-figure fine and one-year prison sentence for officer after Letter of Indemnity dispute
Upstart carriers exit transpacific trade as weak rates take toll Subdued rates can no longer sustain the operations of small carriers on the trade. And the e-commerce express services, which...
UK to fund virtual reality training for Ukraine seafarers Sponsorship also available for three-year cadetships in British maritime colleges
Higher premium spend driving cargo insurance market stabilisation, Gallagher reports Current conjuncture dampening impact of more expensive reinsurance, with cost not passed on to customers
Maersk planning first-ever methanol-fuel boxship retrofit World's second-largest containership operator has teamed up with engine designer MAN Energy Solutions to undertake the pioneering fuel switch
UN secretary-general 'disappointed' in Ukraine grain deal operations Fewer vessels are calling at the greater Odesa ports leading to a lower supply of cargo reaching global markets
MISC steps up decarbonisation game with WinGD and DNV tie-ups The collaboration with WinGD is focused on the development of ammonia engines for dual-fuel vessels and the training required along...
Norvic goes back to roots with tanker buy The company is looking at further acquisitions as it bets on a continuing solid tanker market with demand expected to...
MSC mulls green newbuildings while Evergreen closes in on neo-panamax order MSC, the world's largest containership operator is said to be planning to order new series of mid-size boxships while Taiwan's...
Sohmen-Pao retires from Navigator's board Navigator has benefited from Sohmen-Pao's extensive knowledge and experience, non-executive chairman Dag von Appen said in expressing the board's gratitude for...
OSG tanker awarded Red Hill fuel storage defueling contract Florida-based Overseas Shipholding Group tanker will participate in the decommissioning of the Red Hill fuel storage facility in Hawaii, which...
Bumi Armada and Navigator form UK carbon capture joint venture The joint venture will design and implement a chain of shuttle tankers delivering to a floating carbon storage and injection...
Daily Briefing International Group pool claims slashed by over 80%, Britannia confirms | Will China's record coal imports keep pace | EU...
Roadrunner adds new LTL lanes, expanding cross-country reach Freight demand is supporting a buildout of Roadrunner's direct LTL network after cutbacks in 2022, with new lanes connecting shippers with Las Vegas and the Port of Virginia.
FedEx Freight trims trucking network as LTL shipments drop 18% The largest US trucking company will close 29 terminals to better match its footprint with lower freight demand as it prepares for a "reset."
Falling Asia container rates may be too much of a good thing for US exporters There's growing concern among some US exporters that outbound container spot rates are too low, recalling memories of when unprofitable cargo was left on the docks and service levels fell in parallel with the bottom lines of ocean carriers, writes Journal of Commerce Executive Editor Mark Szakonyi.
Maersk's growing air freight coverage driven by in-house demand There is little demand to be seen in air cargo routes out of Asia, but the aggressive expansion of Maersk Air Cargo connections to the US and Europe points to strong interest from the carrier's existing customers.
UPDATE: Doyle lands new post after resigning from top job at Maryland Port Administration William Doyle's departure after three years, announced to Maryland Port Administration employees Friday according to local news reports, came less than a week after he received three traffic citations.
Ro/ro carrier Sallaum aims to boost capacity with latest vessel order Persistent demand from existing customers and expected growth in global demand for heavier electric vehicles are spurring fresh investment in ro/ro newbuildings from Sallaum Lines.
US ag shippers look to diversify exports away from West Coast Even though port congestion has cleared and a longshore labor deal has been reached, ag shippers say intractable problems still plague their ability to move goods easily through the West Coast.
Judge tears up order seizing OSG cash after settlement of spat with AMSC AMSC had seized $4.5m over unpaid fees after end of bareboat charter of Jones Act vessel
Ridgebury Tankers chief executive confirms sale of suezmax at price in 'high $30m' range Connecticut-based owner has only one ship left in its fleet that once boasted more than 20 tankers
Vote of confidence: Evangelos Marinakis ratchets up stake in Capital Product Partners Capital Maritime & Trading chairman lifts stake above 25%, while family holding rises to 30.9%
He's back: Tor Olav Troim returning to tanker game with VLCC orders Strong market fundamentals lure serial shipping entrepreneur back after 15 years
Performance Shipping revenue jumps 245% as strong rates look 'sustainable through 2023 and beyond' New York-listed aframax tanker owner sees profits flip to the black a year after loss-making first quarter
Cadeler's Mikkel Gleerup 'humbled', 'happy' and ready to give it his all in wake of Eneti merger CEO may be a little low on energy right now, but he and his company are buzzing about the tie-up
Vroon flags fly half-mast after Peter 'Piet' Vroon dies at 93 Dutchman who transformed family business into a shipping powerhouse passed away on 15 June
'Jaw-dropping' rates could spark more activity in quieter secondhand tanker market Shipbroker Eva Tzima notes increasing confidence among sellers of MR vessels in particular
UK offers training to Ukrainian seafarer cadets affected by war World Bank says the cost of reconstruction of Ukraine is more than $400bn and climbing
Green Seas: India gets impatient as ship recycling treaty ratification nears Our weekly environment newsletter looks at the Hong Kong Convention through the lens of one nation that is tired of waiting
We're joining the methanol bandwagon, says Algoma CEO Early movers backing the same technology will encourage suppliers to up their game, says Gregg Ruhl
DOF gets over-subscribed $53m IPO away in Oslo as John Fredriksen buys in French lender BNP Paribas sells down almost entire holding in Norwegian owner as it prepares to list again
Norway's oldest shipbroker Lorentzen & Co goes under after years of losses Historic name in Oslo shipbroking lands in bankruptcy after poor financial performance and personal strife
Frustration mounts over Black Sea grain impasse amid start of harvest time Prospects of UN's frail sea corridor for Ukrainian grain are going from bad to worse
Viking Line passengers get chance to pay for biogas to cut emissions by 90% Cruise and ferry line company details additional pricing for Finland-Sweden cruise route
Atlantica Shipping in the money as it winds down tanker fleet and shifts focus to offshore Oslo stays active in the sale and purchase market, this time selling off its tanker fleet
Eni starts work with Technip on carbon copy of Coral-Sul FLNG unit Competition intensifies for limited floating LNG production unit berth space at Samsung Heavy Industries
Three midsize bulkers secure multi-month charters as period rates slip Diana Shipping charters ultramax DSI Altair to Western Bulk Carriers for at least 14 months
Norvic Shipping buys a product tanker after Russian market drives 'insane' numbers New York-headquartered company has been looking for ways to expand and diversify its business
Eight promising Spanish green corridors identified by GMF New study targets container cargo owners within food and beverage, car manufacturing and textiles due to large volumes and high-value trades
Evergreen follows Maersk with $4bn methanol container ship push, despite fuel bill fears Newbuildings will be the Taiwanese liner giant's first dual-fuel propulsion vessels
Japan completes successful ship trial using fuel made from ... cow dung MOL says project shows the carbon-neutral energy source could be transported using existing LNG supply chains
TRF signs up scrubber-fitted VLCC to Tankers International pool US owner's TRF Horten expands specialist operation and lowers average age
Provaris teams with Norwegian Hydrogen for large new production plant Sydney-listed shipping start-up to help develop new facility at Orskog
Greywolf Capital closes container shipping fund with $120m of investment US-based alternative asset manager takes maritime portfolio to $330m
Exmar shareholders kick back at Saverex take-private offer Investors said premium will need to be raised if Nicolas Saverys' family vehicle is to reach the 95% it requires
StealthGas sells LPG carrier pair in pivot to bigger vessels Harry Vafias company notches up lucrative divestment as part of fleet rejigging
'Agile' tanker and bunker group USTC logs record result of $426m Danish family-owned conglomerate says subsidiaries have proved adaptable amid geopolitical turmoil
MAN Energy Solutions joins fuels group calling on IMO to adopt greener policies Engine maker and fuel producers among those backing initiative by the Environmental Defense Fund
Worried suezmax shipowners pushing up rates after Nigeria back-tax demands, BRS says Resistance strong after companies hit with multimillion-dollar claims by new government
Oldendorff-chartered newcastlemax holed in grounding after rudder indicator failed Australian accident report reveals substantial damage
VLCC fortunes rely on China after boom month in Middle East BRS says rising Chinese demand should limit losses for largest crude carriers with Saudi production cut
Maersk to carry out first ever methanol dual-fuel retrofit next year Giant owner to work with MAN on decarbonisation project
CCS study shows older Wah Kwong bulkers can comply with CII to 2030 Onboard carbon capture and storage could prolong the life of ships by five years, according to joint project with Bureau Veritas and Qiyao Environmental Technology
Worried suezmax owners pushing up rates after Nigeria back-tax demands, BRS says Resistance strong after companies hit with multi-million dollar claims by new government
Winning and Seanergy spin-off tied to bulker buys in wobbly S&P scene Bulker values slide amid sluggish freight rates but potential buyers remain wary
OSG tanker wins US charter to take fuel from Hawaii storage plant after leak Government's Military Sealift Command fixes MR vessel for up to five-and-a-half years
Eni starts work with TechnipFMC on carbon copy of Coral-Sul FLNG unit Competition intensifies for limited floating LNG production unit berth space at Samsung Heavy Industries
Shipping Australia recruits autonomous shipping guru Shahbakhsh says the technology has the potential to bring significant changes to the maritime industry
Tristar Eships targets growth without the 'shocking' value destruction New boss reveals ambitions for owner, based on long-term investments backed by long-term contracts
When it comes to finance, there are two different views of 'offshore' energy Dollars are fairly blowing in the wind for the WTIV crowd, but players in the traditional oil-and-gas sector may be running dry on liquidity.
Dynagas Partners earnings sink as interest costs eat into revenue gains Analyst blames miss on higher interest expenses in first quarter, but outlook for LNG looks positive.
Trade tea leaves showing peak season status quo The logistics pipeline is a tea leaf forecasting China's economy and the flow of freight tells investors the bottom line of logistics companies.
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