Jumbo-SAL Alliance & Sai Maritime & Management add one more feat to their list of accomplishments
HTOA conducts its 16th AGM in Mumbai
Roll out of Mobile X-Ray Container Scanners (MXCS) Installed at APMT and NSICT/DP WORLD Terminals and working hours of MXCS at NSICT/ DP WORLD (Scan Mode-M2) and APMT (Scanned Mode- M3)
Major Ports showing marginal traffic growth
Contracting of product tanker newbuilds at 10-year high
Global economy stronger, but challenges remain: Outlook
Implementation of Ex-Bond Shipping Bill in ICES 1.5
CMA CGM to enhance its ASEA KENYA service
India's GDP growth revised up to 6.2 pc in FY24
Ship agency tariff in Turkey to go up
Sustainability Charges at Dighi Port
DNV awards AiP to system for liquefied hydrogen carrier
ABB solutions picked for Samskip's hydrogen-powered newbuilds The two hydrogen fueled short sea containerships ordered by Rotterdam-headquartered Samskip earlier this year will feature a comprehensive ABB power, propulsion and automation system On order at India's Cochin Shipyard for deliveries
MARAD springs a surprise in marine highway grant awards MARAD's latest round of marine highway grant awards include one that may come as a surprise: $600,000 to study conversion of the historic coal-burning ferry SS Badger to a zero-emission vessel -
Freire lays keel of new Briggs Marine maintenance support vessel Spain's Freire Shipyard is moving right along on the 40-meter maintenance support vessel ordered by U.K.-based Briggs Marine in March, holding a keel laying ceremony for the vessel on September 19. "It's
COSCO and State Power Investment sign cooperation deal China COSCO SHIPPING and State Power Investment signed an online Memorandum of Cooperation Agreement on 20 September. Both sides will increase synergies, take advantage of their respective business benefits and develop a comprehensive and multi-level strategic relationship. The two companies will continue to develop strategic collaboration in green energy, shipping logistics, infrastructure build
ABB to power Samskip's new hydrogen-fuelled container ships ABB will deliver a comprehensive power distribution system for two newbuild short-sea container ships of the global logistics company Samskip Group headquartered in Rotterdam, Netherlands. In particular, the vessels will be among the world's first of their kind to use hydrogen as a fuel. The order was booked in the second quarter of 2023, but financial details were not disclosed. Also, the 135-me
HMM to become minority owner of Polaris Shipping South Korea's flagship box line HMM is set to become a minor shareholder in compatriot shipping outfit Polaris Shipping, which focuses on operating very large ore carriers. HMM and state-backed ship finance institution Korea Ocean Business Corporation are participating as financial investors in Woori Private Equity Asset Management (Woori PE), a private equity fund headed by Woori Financial Group
Kalmar gains cyber security certification Cargotec-owned manufacturing firm Kalmar has received IEC 62443-4-1 certification for its One automation system, which was developed by the Kalmar Technology and Competence Centre in Tampere, Finland. IEC 62443-4-1 is one of several standards that define the process criteria for the secure development of products used in industrial automation and control systems (IACS). It describes the cyber sec
VICT handles largest boxship arriving in Australia Port of Melbourne's Victoria International Container Terminal (VICT) welcomes the 10,000 TEU container ship CMA CGM Pelleas. In particular, at 350 meters in length, the container vessel is the largest ever to dock in an Australian port. The ship is nearly 43 meters wide. VICT's chief executive officer, Bruno Porchietto, says that super-sized vessels like CMA CGM Pelleas are likely to become more
Port of Oakland introduces zero-emission vehicles The Port of Oakland collaborated with community partners to offer a Zero Emissions Truck Ride and Drive event, giving port workers personal experience with cutting-edge zero-emission vehicles. On Friday, 15 September, the Californian port cooperated with the Harbor Trucking Association, CALSTART, California's Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (HVIP), the California
Hapag-Lloyd starts rollout of Starlink to its fleet Following a successful pilot phase, German ocean carrier Hapag-Lloyd has decided to proceed with the rollout of Starlink satellite internet technology across its vessel fleet. Since May, crew members aboard four pilot Hapag-Lloyd ships have had the opportunity to test the Starlink technology and the feedback from these trials has been very positive, according to Hapag-Lloyd. "The high-speed satel
Magaya selects Thoughtworks for cloud platform modernisation on AWS Magaya Corporation, a logistics and supply chain automation software provider, selected Thoughtworks to support its cloud platform modernisation on Amazon Web Services, Inc. This project is a significant step forward for Magaya in enabling greater security, stability, and interoperability across all Magaya products and third-party applications. Moving to AWS's public cloud is also a massive boost
Maersk opens new warehouse in Cameroon Maersk has announced the opening of a new, technology-driven Warehousing & Distribution (W&D) facility in Douala, Cameroon. Maersk's new facility is located within the Douala Port Zone, which serves as a gateway to several markets within Central Africa. "With the rapid expansion of the middle-class population in the region, there is a growing demand for goods, especially in the FMCG sector. The P
PEMA and ICHCA pen cooperation agreement Port Equipment Manufacturers Association (PEMA) and International Cargo Handling Coordination Association (ICHCA) have signed a collaboration Memorandum of Understanding (MoU). Through this agreement, the two associations aim to enable each organisation to better achieve their objectives through a programme of cooperation. This will include agreed actions and initiatives, meetings, sharing and ex
Fearnleys takes over Ocean Shipbrokers Norwegian shipbroker Fearnleys has snapped up UK-based Ocean Shipbrokers, bolstering its activities in tankers, sale and purchase and LPG. Fearnleys said the move will see the company double the size of its tanker team, client reach and market coverage. Set up in 2006, Ocean Shipbrokers has a tanker presence in Beijing, Singapore, Dubai, Geneva, Oslo ...
McDermott scores contract win offshore Brazil Houston-based subsea and deepwater engineering and construction player McDermott has won a contract from PRIO, formerly PetroRio, for work on the Wahoo field, offshore Brazil. The deal covers the transportation and installation of around 30 km of coated 10-inch rigid pipelines and associated subsea structures. Once installed, the pipelines will connect the Wahoo field to ...
ABB to power Samskip's hydrogen-fuelled containerships European containerline Samskip has tapped Swiss tech firm ABB for the provision of complete power, propulsion and automation systems for its hydrogen-powered container vessels. ABB will deliver the system for Samskip's two newbuild short-sea container ships which will be among the first of their kind to use hydrogen as a fuel. Financial details of the ...
Zulu Associates' autonomous zero-emission boxship enters design phase Belgian maritime innovator Zulu Associates has contracted Dutch firm Conoship International to advance the design of the Zulu Mass 200 teu shortsea container vessel. The vessel concept, which received approval in principle from Lloyds Register, is planned to be initially operational with Anglo Belgian Shipping Company on Green Corridors between the European continent and the ...
Semco and A.P. Moller Holding unit secure work on Ørsted's wind farms off Germany Denmark-based contractor Semco Maritime and fellow service provider KK Wind Solutions, part of A.P. Moller Holding, have secured a contract from renewable energy group Ørsted to work on itsGerman offshore wind farms. The contract with an undisclosed value covers high voltage services at Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2. The ...
CK Line taps Huangpu Wenchong for pair of feeder boxships South Korea's CK Line has ordered a pair of feeder containerships at Huangpu Wenchong Shipbuilding in China. The Seoul-based firm has signed up for 2,700 teu ships in its first deal with the CSSC-affiliated specialist in feeder construction. The price and delivery dates for the 188.8m-long SDARI designed ships have not been revealed. Brokers are ...
Chinese yard books first VLCCs The world has a new yard accepting VLCC orders. Hengli Heavy Industry, the yard formerly known as STX Dalian, has been tasked by its oil refining parent, Hengli Group, to build two 306,000 dwt tankers scheduled for delivery in September 2025 and February 2026. The yard's bulker-focused orderbook now tops 30 ships. STX Dalian was ...
Polaris Shipping sold to Korean private equity One of the biggest operators of large bulk carriers in the world will remain in Korean hands with news today that buyers of Polaris Shipping have been confirmed. Multiple media sources in South Korea are reporting that Woori Private Equity Asset Management Co has been selected as the preferred bidder to take over the shipping ...
Allianz warns of growing risks amid 'epic' offshore wind growth German insurance firm Allianz has warned that the offshore wind market must be wary of many challenges and learn from past losses in the midst of an 'epic' global offshore wind roll-out. More than 99% of the total global offshore wind installation is in Europe and Asia-Pacific today, but the US is investing heavily in ...
Singapore's Jasper Investments and Berlitz Marine forge offshore tie-up Singapore-based Jasper Investments has entered into a strategic collaboration framework agreement with fellow vessel owner and operator Berlitz Marine to expand and grow the company's core marine and offshore business. The duo will look into various ventures, including the acquisition, operation and management of offshore support vessels for deployment in the Southeast Asia and Gulf ...
Shipping's top brass have itchy feet Recruitment firm Faststream has just published its latest Senior Maritime Executive Report in which it is clear shipping's top brass have itchy feet. There has been movement at the top with over a quarter of respondents saying they had changed jobs in the last two years, but 15% regretted doing so. The commonality of their ...
UK gives green light to RWE's Welsh offshore wind farm UK Secretary of State for Energy Security and Net Zero Claire Coutinho has given the go-ahead to Wales' largest renewable energy investment this decade - RWE's Awel y Môr offshore wind farm. The project will be located alongside the operational 576 MW Gwynt y Môr offshore wind farm (pictured above) and is planned to be ...
Sohmen-Pao puts Oslo Børs on alert Andreas Sohmen-Pao used his primetime speaking slot at yesterday's Pareto Securities' 30th Annual Energy Conference to warn attendees in the Norwegian capital that Oslo is no longer the attractive place to list that it once was. Sohmen-Pao, whose BW Group empire is one of the largest names on the Oslo Børs, voiced his concerns about ...
Standard Supply flips another PSV Norwegian PSV owner Standard Supply has cashed in on one of Northern Supply's mid-sized units. The Oslo-listed company is shipping out the 2008-built for $9.5m. Standard Supply picked up the sister ship to the FS Braemar for $6m when the company lifted its ownership in Northern Supply from 28% to 51% in June 2022. The ...
K Line unveils draft survey app Japan's Kawasaki Kisen Kaisha (K Line) has developed a draft survey application in partnership with compatriots Miotsukushi Analytics and TIS. The app is designed to use artificial intelligence (AI) to recognise the water surface and the draft mark from the image captured with a smartphone and to display the accurate draft level with the impact ...
Latsco contracts for three ultramaxes at Oshima Greece's Latsco Shipping has ordered three 64,000 dwt bulk carriers at Oshima Shipbuilding, Japan's largest shipyard by orderbook. Latsco's first move in dry cargo was in 2016 when it acquired four secondhand supramaxes. Latsco now controls a fleet of LNG, LPG, tankers, bulkers and containers. This week's orders mark the first time the shipping line ...
What life will be like onboard at the start of the next decade Nick Chubb, founder of UK maritime tech consultancy Thetius, gets creative, giving readers a guided tour of a methanol-powered ship traversing the world's oceans in late 2030. The MT Zero is a dual-fuel methanol carrier. It can carry 200,000 cu mof methanol and trades between the Gulf of Mexico and the European Union. The words ...
MSC firms up newbuilding contracts for cruiseship pair at Fincantieri Latest two ships in six-ship series will feature hydrogen fuel cells for zero-emission port operations and will be able to...
Nigerian seafarers need upskilling as digital technologies evolve With a looming seafarer shortage, finding new pools of talent is becoming urgent. But unless they are competent in communications...
Safety comes at a cost, as Middle East Gulf nav aids charges hiked Navigational buoys, lighthouses and radar transponder beacons are all expensive items; energy and salaries have also increased. Reluctance to contribute...
Seaspan's ammonia-fuelled ULCS concept advances Ultra-large containership would consume 326 tonnes of ammonia per day at an operating speed of 16 knots, three times more...
Dry bulk owners right to be disappointed Unwinding congestion and more vessel orders will dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies...
Zodiac Maritime pens suezmax newbuilding pair at Japanese shipyard Latest newbuilding contract is the second Zodiac has placed with a Japanese shipyard this year
China's state-owned giants team up on green methanol Four state-owned Chinese companies including Cosco Shipping, agree to work together to create a supply chain for green methanol. Sources...
Toro asset-play profits poised to top $100m with latest tanker sales Nasdaq-listed owner looks set to be left with six vessels, including four liquefied petroleum gas carriers, after delivery of its latest...
Daily Briefing Marine insurance talks with Ukraine falter as two ships test alternative Black Sea grains corridor | Autonomous shipping revolution will...
Europe 'can learn' from Asia's strategic focus on shipping Greek and German owners combine forces for Brussels roundtable examining shipping's strategic importance for Europe
Estes wins battle to control sale of Yellow terminals amid tightening LTL capacity A US bankruptcy court approved a $1.525 billion bid by Estes Express Lines to be the "stalking horse" that sets the floor price for Yellow's terminals at auction, controlling their sale in November.
LA-LB must do more to reduce port emissions despite 2022 declines: regulator Emissions spiked at the ports during the pandemic due to record container volumes and unprecedented supply chain bottlenecks that caused ships to idle at anchorage and trucks to back up at terminal gates.
August volume boost, FAK rate revisions drive India-Europe rates higher Signaling some growth expectations, Indian container volumes saw gains in August, hitting 1.9 million TEUs, up 14% from 1.7 million TEUs a year earlier.
Trans-Atlantic blank sailings to ease despite loss-making rate levels Carriers appear reluctant to make the drastic capacity reductions required to match supply with demand on the westbound trade lane, leaving rates far below pre-pandemic levels.
Supramax bulkers hit 10-month high as Black and Mediterranean seas stay 'very hot' Demand outweighs supply in these regions, according to BRS Shipbrokers
Deutsche Bank takes down crude estimates but shows love for Scorpio Tankers Analysts were too optimistic about third-quarter performance by Euronav, Frontline and International Seaways
TV screenwriter looks at infamous Brillante Virtuoso fraud case Insurers remain frustrated despite winning high-profile court case
Delivery of MSC Group's hydrogen fuel cell cruise newbuilds slides by another year Swiss giant and Italian yard Fincantieri announce firm order
Will Economou and Galloway's activist stances spread to other Maxim shipowners? Criticism of US investment bank mounts amid share deal spats at Performance Shipping and Imperial Petroleum
Can the first commercial hydrogen carriers meet 2030 project target? Optimism abounds that elements can be designed but high hurdles remain if they are to be brought together
Just say 'no' to newbuildings, Pareto research head tells public tanker owners Leave ordering to private owners and focus on dividends, Eirik Haavaldsen says
Euronav's Barstad warns shadow fleet set to swell as Russian exports dip Meanwhile, tanker giant blames inefficient scrapping market for dark tonnage
Frontline's Barstad warns shadow fleet set to swell as Russian exports dip Meanwhile, Euronav blames inefficient scrapping market for dark tonnage
Russia cuts diesel exports to tackle domestic price rises 1.5m barrels per day of refined products exported to new markets after European embargo
Fearnleys seals deal to buy Ocean Shipbrokers as it boosts tanker presence Combination has been 'a long time coming', Fearnleys CEO says
VLCC rates nearly double in a day as charterers 'jump off the fence' for cargoes New October lifting dates prove a boon for shipowners as tanker list limited
Netflix to dramatise infamous Brillante Virtuoso fraud case in upcoming docuseries Insurers remain frustrated despite winning high-profile court case
Standard Supply flips another PSV for multi-million profit Norwegian owner acquired its ownership in FS Balmoral in 2022
Iran threat leaves shipowners caught 'between a rock and a hard place' on US sanctions rules Concerns over Iranian retaliation mount as Tehran looks to keep oil revenues flowing
Shipping still has a female recruitment problem The industry has changed, but not yet enough, Columbia's Claudia Paschkewitz tells TradeWinds
Norway's JL Mowinckels marketing its last two tankers for sale Chemical carriers were acquired in 2021 from compatriot Hansa Tankers
Alex Saverys 'brave' on new fuels, but solutions not there for smaller bulkers, says TMI Ed Buttery says bigger owners like CMB will pave the way for 'mere mortals' on alternative bunkers
Loss-making bulker owner Atlantska eyeing share sale worth up to $30m Croatian company says financial watchdog approves issue of new stock
Navigation organisation IFAN raises funds by selling only ship Not-for-profit body says Relume was not part of its core activities
Greece's Latsco Shipping makes bulker newbuilding debut in Japan Owner adds a trio of ultramaxes to its versatile fleet
Data sharing initiative helps OSV owners slash 10,000 tonnes of C02 emissions Some vessels saw improvements of up to 20% in certain parts of their operation during the trial
New Evergreen container ship towed after losing power off Vietnam Ever Oath broke down as it approached Vung Tao
Inaction not an option: Columbia launches mentor scheme for female cadets Experienced office staff to guide and nurture young talent at Schoeller-owned maritime group
'Are you calling for your boyfriend?' Shipping still has a female recruitment problem The industry has changed, but not yet enough, Columbia's Claudia Paschkewitz tells TradeWinds
Turning point coming for bulkers as 2024 looking 'half-decent', TMI's Ed Buttery says London-listed owner increasing charter cover after spot market rises
Eyal Ofer's Zodiac Maritime turns to Japan for tanker newbuildings with Imabari debut Shipowner inks first crude tanker order at Japan Marine United
Bimco tips struggling crude tankers to pick up in 2024 Chief analyst Niels Rasmussen says market is feeling the strain from Saudi and Russian production cuts but fundamentals remain strong
Latest tanker sales serve up more juicy profits for Toro Corp Petros Panagiotidis-led shipowner continues to offload tonnage in the face of strong markets
More juicy profits for Toro Corp from latest tanker sales Petros Panagiotidis-led shipowner continues to offload tonnage in the face of strong markets
Trouble ahead: Container shipping rates sinking further into the red The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
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