Candies vessel is the stage for Ampelmann's 10 millionth personnel transfer Offshore walk-to-work (W2W) access provider Ampelmann has reached the milestone of 10 million personnel transfers across its worldwide operations. The 10 millionth transfer took place on an E1000 gangway operating on the
CJC appoints new head of marketing The international law firm CJC has selected Charlotte Ward as the new head of marketing. Situated in London, Ward will be responsible for overseeing the company's marketing, communications, and events activities. With over 13 years of marketing expertise in the maritime and shipping sector, she brings valuable experience from her previous senior roles at the Bahamas Maritime Authority, Braemar Sh
QTerminals partners with Portchain Connect to improve Hamad Port operations QTerminals, a global port and terminal operator, has joined the Portchain Connect network for their Hamad Port operations. Through digital handshakes and safe data exchange, Qatar's Hamad Port is expected to improve the quality and speed of its berth alignment. Portchain Connect, a provider of berth alignment solutions for container terminals and carriers, will help Hamad Port get real-time sched
Charter rates fall to three-year low, more pressure seen Boxship charter rates have plummeted to a three-year low, but are still 36% higher than average levels in 2019, the year before the Covid-19-fuelled boom began. Linerlytica's latest report, dated 20 November, stated that mainline operators, particularly, are still busy chartering vessels as they continue fighting for market share in the face of weakening fundamentals. Maersk Line, is particularly
Second phase of Tema Port Expansion Project begins President of Ghana Nana Addo Dankwa Akufo-Addo has formally launched the second phase of the Tema Port Expansion Project. The programme, which is an important part of the Ghana Ports and Harbours Authority's (GPHA) master plan, includes a fleet of 15 cutting-edge gantry cranes as well as considerable civil works development. The second phase of the Tema Port Expansion Project involves paving an a
New quay in the Port of Gothenburg Energy Port In 2024, a massive and technologically complex infrastructure project will begin in the Port of Gothenburg Energy Port, where a 300-meter-long quay will be fully reconstructed for a 2.0 upgrade. The Swedish construction company Peab has already been hired for the first phase of the project. The Energy Port in Gothenburg is critical for Sweden's energy supply. Every year, around 2200 ships call at
Maersk and Nissan forge long-term partnership Maersk and Nissan Motor have joined hands in a long-term partnership on sustainable, resilient end-to-end logistics. In particular, the two companies will cooperate to enhance supply chain efficiency, optimise costs, and ensure reliable and timely delivery for Nissan's exports. As part of the agreement, Maersk has been nominated to build and operate a dedicated warehousing and distribution facili
Eneco applies for permit to construct green hydrogen plant in Port of Rotterdam Eneco, a natural gas supplier, has applied for the permit to build the "Eneco Electrolyzer", an 800-MW green hydrogen plant that will support Rotterdam's goal of producing 2.5 GW of green hydrogen by 2030. The Eneco Electrolyser will use green energy from solar and wind farms to produce the hydrogen. With this hydrogen, which therefore uses no fossil fuel, the industry can make processes and prod
Konecranes to upgrade reactor hall overhead crane at Sweden's Oskarshamn Nuclear Power Plant Finnish manufacturer Konecranes has won a contract to upgrade the reactor hall overhead crane at the Oskarshamn Nuclear Power Plant in Sweden. The crane plays an important role in servicing the reactor and managing the removal of spent fuel casks, complying with stringent regulatory standards. The order was booked in the fourth quarter of 2023. The contract has a two-year timeline, during which K
UK freight association welcomes latest recommendation on container shipping rules UK freight forwarders have welcomed the news that the UK's Competition and Markets Authority (CMA) is recommending, provisionally, that the Consortia Block Exemption Regulation (CBER) should lapse when it expires on 25 April 2024. Recently, the UK's main trade association for freight forwarding and logistics companies stated that its members are extremely concerned that container shipping lines'
Container imports and exports on rise in Los Angeles Port of Los Angeles (POLA) marked a year-over-year increase for a third consecutive month in October, handling 725,775 TEUs, translating to a 7% growth compared to the same month last year. In particular, loaded imports landed at 372,455 TEUs in the previous month, an increase of 11% compared to the previous year's October. Moreover, loaded exports reached 121,277 TEUs, a significant growth of 35
cargo-partner to connect US, Mexico and Canada cargo-partner announced the launch of its road transport solutions facilitating seamless cross-border operations between the United States of America, Canada and now Mexico. The company has been represented in Mexico since September 2021, offering a comprehensive portfolio of air, sea and road transport services, with offices in Puebla and Mexico City. Additionally, the presence of the US team in
Havfram seals funds for WTIV newbuilds Norway's Havfram has secured a green export credit agency (ECA) loan to fund its two wind turbine installation vessels (WTIVs), currently under construction at CIMC Raffles in China. The deal with an undisclosed amount was entered into with a syndicate led by DNB Bank with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank ...
Car carrier hijacked by the Houthis located The car carrier, hijacked by Iran-backed Houthis, has been located in the region of the port of Hodeidah in Yemen. The ship owned and managed by Ray Car Carriers, controlled by Israeli tycoon Abraham Rami Ungar, and operated by Japan's Nippon Yusen Kaisha (NYK) was boarded by military personnel via a helicopter in the Red ...
McDermott wins Santos decommissioning contract off Australia McDermott has secured a decommissioning contract from Santos for the full removal and disposal of the Campbell platform in Western Australian State waters in the Carnarvon Basin. Under the contract scope, worth between $1m and $50m, McDermott will provide project management and engineering services for the removal and transportation of the platform topsides, substructure and ...
Braemar resumes trading on London exchange after more than four months British shipbroker Braemar has returned to trading on the London Stock Exchange after a more than four-month suspension. The stock was suspended on July 3 after the London-headquartered firm missed a financial reporting deadline over an internal probe into legacy broking deals. The investigation announced at the end of June caused the shares to dive ...
Diana Shipping charters out bulker to agribusiness firm Greek bulker owner Diana Shipping has entered a time charter contract with agribusiness and food company Bunge for one of its ultramax dry bulk vessels. Bunge hired the 2016-built, 60,309 dwt on a gross charter rate of $13,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of ...
d'Amico International starts trading on OTCQX in the US Italian product tanker owner and operator d'Amico International Shipping (DIS) has started trading on the OTCQX Best Market, the top tier of the three marketplaces for over-the-counter trading managed by OTC Markets Group. DIS, whose shares are also listed on the STAR segment of the Milan stock exchange, has thus upgraded its US listing after ...
MOL and Ta Tong Marine venture orders CSOV at Damen Ta San Shang Marine (TSSM), a joint venture between Japan's Mitsui OSK Lines (MOL) and Ta Tong Marine of Taiwan, has contracted Dutch shipbuilder Damen Shipyards for the delivery of a construction service operation vessel (CSOV) newbuilding. This will be the joint venture's second SOV in their fleet. The first, the TSS Pioneer, was delivered ...
Stolt Tankers orders six parcel tankers from Wuhu Shipyard Stolt Tankers has reached an agreement with Wuhu Shipyard in China to build six 38,000 dwt stainless steel parcel tankers for delivery between 2026 and 2028. The Dutch-based division of Oslo-listed Stolt-Nielsen also has options for a further six newbuildings. The new ships will have 30 stainless steel cargo tank segregations offering a wide range ...
Scheduled capacity on main box tradelanes still at 'unsustainable levels' With less than six weeks to go before the end of 2023, scheduled capacity post-Golden Week on both the transpacific and Asia-Europe container is currently at "unsustainable levels", according to new analysis from Danish liner consultancy Sea-Intelligence. Asia-North America west coast scheduled capacity is up 24.9 percentage points compared to 2019, Asia-North America east coast ...
Petredec's stable of ethylene carriers grows with orders for four more Fortitude Shipping, a handysize carrier subsidiary of gas shipowner and trader Petredec, has placed an order at China's Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for up to four ethane/ethylene capable vessels. The London-headquartered unit has struck a deal for two firm 24,000 cu m vessels for delivery in March and July 2026, with ...
Chronic congestion building along the east coast of South Africa Massive ship queues are forming off the east coast of South Africa where dire handling capabilities at the ports of Durban and Richards Bay are causing consternation. At Durban, which ranks among the poorest boxports productivity-wise in the world, there are 63 ships backed up with Transnet, the country's port operator, warning it could take ...
Egypt picks Jan de Nul for 1000 km subsea cable to Europe Egypt has signed an agreement with Jan De Nul Group to start the study for the construction of an undersea export cable which will deliver solar and wind energy from Egypt to Europe. The interconnector will transport more than 2GW of solar and wind power from Egypt to Europe via a 1,000 km-long undersea power ...
North Seas countries launch 100GW offshore wind tender plan Members of the North Seas Energy Cooperation (NSEC) have agreed on a plan to tender around 15GW of offshore wind capacity annually until 2030. Nine North Seas countries - Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, and Sweden - agreed on a shared 'Action Agenda' aimed at moving towards an integrated energy system ...
Ships divert following Houthi capture of a car carrier The heightened risk for Israeli-linked ships passing through the Red Sea in the wake of a car carrier hijacking on Sunday is seeing some ships divert, while insurers are reassessing their coverage of the area. A ship owned by Ray Car Carriers and operated by Japan's Nippon Yusen Kaisha (NYK) was hijacked by the Houthis ...
Survey finds crew employment market has tipped in favour of seafarers Crewing specialist Danica has revealed the results of its latest seafarer survey, which clearly show wages for men and women working at sea are on the up. Salaries are up by "at least" 10% since the last survey was carried out two years ago with Danica sensing the crew employment market has tipped in favour ...
SSY concludes biggest ever iron ore futures trade Shipbroker SSY has announced that its commodities arm, SSY Futures, has brokered the biggest ever trade in iron ore futures. SSY Futures concluded the transaction - rolling a 5m tonne position from a 2023 prompt date to 2024, generating a total futures volume of 10m tonnes. The trade involved counterparties from both the physical and ...
TEN sees 'stronger-than-usual' tanker rates after softer quarter US-listed owner still has eight newbuildings under construction but solid cash position enables it to explore further growth
Golden Ocean profit falls amid 'stable but subdued' market Bulker owner's third-quarter net income cut by more than two-thirds compared with the same period last year yet remained solidly...
StealthGas posts another strong quarter in 'tremendous year for gas' StealthGas says the market remains firm ahead of what are seasonally strong winter months. The usually subdued third quarter has...
Euronav prepares for strategic shift following shareholder vote Euronav's supervisory board urges clarity to avoid customer uncertainty and the effect of lasting dysfunctional governance
Three more P&I clubs unveil rate hikes for 2024 Nine International Group affiliates now declared, with a further three set to declare in the next few weeks
China Merchants Port makes first foray into Southeast Asia with Indonesian acquisition Chinese port giant says the majority stake acquisition will advance its strategic port network in Southeast Asia, fully leveraging the...
UK government calls for release of hijacked Galaxy Leader A growing chorus of governments linked to the hijacked car carrier Galaxy Leader have called for the vessel's immediate release...
Industry groups propose 'simplified' IMO fuel standard A new proposal to the IMO for a global fuel standard suggests reducing the administrative burden for both the UN...
Mats Berglund returns to Pacific Basin Less than three years after he stepped down to return to Sweden, Pacific Basin's former chief executive of nine years is...
Braemar shares resume trading following self-imposed suspension Listed shipbroker requested own suspension in July
Stolt Tankers signs newbuilding contract for up to a dozen parcel tankers Udo Lange, chief executive of Stolt Tankers' parent company Stolt-Nielsen, says now is the right time to invest in newbuildings
SSY Futures brokers 'biggest-ever' iron ore futures trade UK-based broker SSY's commodities arm reaches 'important milestone' for the futures market, as it rolls a 5m tonne position from...
Petredec orders ethane/ethylene-capable LPG carrier newbuildings for UK subsidiary 'The ethane/ethylene sector is well positioned to benefit from the favourable fundamental tailwinds of strong, visible export capacity expansion,' says...
Emanuele Grimaldi expects best-ever year at family-owned shipowner and reiterates global approach for GHG reduction 'My next newbuilding orders will be for passenger ferries, but I would like to see more efficiency development on the...
First Greece-owned tankers return to load Venezuela oil since easing of US sanctions Western-linked ships visibly return for the first time since mid-2020, when prominent Greece-based shipowners were briefly blacklisted, triggering a pledge...
Daily Briefing Israeli-linked ships divert as Houthis threaten more Red Sea attacks | Marathon veteran Chen eases pace for CULines after long-haul...
Carriers weigh options as Panama Canal restrictions become a fact of life The soonest the Panama Canal Authority says it could see significant relief is 2028, raising the possibility of persistent drought restrictions and reduced container capacity and transits until then, writes Journal of Commerce Executive Editor Mark Szakonyi.
European truckers brace for hefty toll hikes in Germany linked to CO2 emissions The CO2 charge on commercial vehicles is aimed at incentivizing the use of green fuels and lower-emissions trucks, but it will come at a significant cost to the road haulage industry.
Integrate an ESP8266 with a Web Database The Kintone Developer Program provides tutorials for integrating ESP8266 with Kintone's web database.
Panama Canal drought restrictions to crimp container shipping for years The soonest the Panama Canal Authority says it could see significant relief is 2028, raising the possibility of persistent drought restrictions and reduced container capacity and transits until then, writes Journal of Commerce Executive Editor Mark Szakonyi.
UN climate conference comes amid shipping's choppy path to decarbonization Despite some pockets of progress, exactly how container shipping achieves decarbonization will likely remain an unanswered question until new zero-emission fuel standards are adopted, writes Peter Tirschwell.
New logistics center under construction to tap into Port of Savannah's growth The four-phase, seven-building project with CSX rail connections will support the growing needs of importers and exporters using the port.
Congress steps into debate over jurisdiction of rail fees for ocean containers Draft legislation would also seek to codify that rail demurrage fees be billed to the ocean carrier, which would then pass along the charge to the responsible shipper or BCO. .
Jefferies says Dorian LPG is gift that keeps on giving as it ups VLGC forecast US analysts argue Panama Canal restrictions are a game-changer for gas carrier sector
US mulls putting Houthis on terrorism list amid warning more ships will be targeted Houthi official says seizure of Galaxy Leader is 'just the beginning'
US mulls putting Houthis on terrorism list as Yemeni official warns more ships will be targetted Houthi official says seizure of Galaxy Leader is 'just the beginning'
Marine underwriters poised to respond to Houthis' Red Sea hijack Sophisticated nature of the seizure of NYK-operated vessel has alarmed insurance market
Golden Ocean chief executive open to bulker acquisitions but no more newbuildings With its supramaxes gone, bulker owner is focusing on larger sizes
StealthGas rakes in bumper profit in second-best quarter ever Harry Vafias-led LPG carrier owner uses profit to slash its debt and up its share buyback programme
US to 'confer with allies' on Galaxy Leader amid call for Red Sea task force to retake ship United Against Nuclear Iran calls on Biden to order operation to retake ship
UK demands immediate release of hijacked car carrier Ownership of the Ray Car Carriers' Galaxy Leader is registered in the Isle of Man
P&I clubs target seek 7.5% general increases, claiming rates are 'inadequate' American Club adds 40% supplementary call to cover deterioration in prior year claims
Tsakos profit hits soft patch but winter business looks up Greek tanker owner plans to sell more of its older vessels
Golar LNG fielding offers for Hilli Episeyo even with more than two years left on contract New York-listed FLNG player profits take a dip in the third quarter
Marfin Management expands its trial of Logothetis-linked fuel additives Additives have reduced fuel consumption during trials, which will be rolled out to the entire fleet
Wavelength: Why shipowners should be alert - and not just in the Red Sea Seizure of the Galaxy Leader should raise red flags for owners but attacks on shipping are not new
Shipowners urged to check vessels' previous Israeli links after Houthi car carrier seizure Former ownership by Israeli companies means mitigation action is needed, security company Ambrey advises
Bugbee's winning 'bet': $80,000 a day for an MR voyage has come to pass Scorpio Tankers president was not guessing about a fixture that could suggest upside in a tightening market
Sovcomflot hits back at US over ship sanction move Sanctioned aframax has idled off Sri Lanka after being listed for alleged price cap breach
Russia's Sovcomflot hits back at US over ship sanction move Sanctioned aframax tanker has idled off Sri Lanka after the US listed the vessel for an alleged price cap breach.
Tanker sales market stays cool as asset prices hold firm Buyers have spent nearly $18bn on tankers this year, despite fewer deals made
Adnoc L&S profit rockets after taking over Zakher Marine Offshore shipping going well for giant UAE owner but tanker rates could come off in 2024
Four midsize bulkers fetch year-long charters as period rates regain ground Diana Shipping expects to make $6m from 15-month deal for ultramax bulker
Market moves in favour of seafarers as pay spirals up to 30%, survey shows Danica reveals officers have banked raises of up to 15%, while Ukrainian fitters have done even better
MOL joint venture orders second CSOV at Damen Shipyards Japanese owner is building up a wind farm fleet with Taiwanese partner Ta Tong Marine
Clarksons welcomes back brokers and oil major staff as tanker training week returns Participants travelled from as far afield as the UAE to attend London session
Philippine tanker spill claims bill tops $50m More than 30,000 claims have been registered from the local fishing industry
Houthi rebel video purportedly shows hijacking by helicopter Footage from Iran-backed militant group appears to show helicopter operation reminiscent of Tehran's tactics
Torm boss Jacob Meldgaard sells shares worth $16m but retains incentive to perform Tanker owner's chief executive has more restricted shares coming
Denmark plays down prospects of Russia ship inspections Reports suggested that the EU could hamper Russian oil trade by targeting vessels with limited insurance coverage
Stolt Tankers kicks off fleet renewal with deal for up to 12 chemical carriers in China Stolt-Nielsen company opts for Wuhu Shipyard as it pulls trigger on new ships
Petredec's Fortitude inks fit-for-the-future LPG newbuildings Chinese yard will build the ethylene and ethane-capable ships
Braemar jumps 15% as shares resume trading following suspension of more than four months Broker applied for a halt after missing reporting deadline due to probe into legal transactions
MPC Container Ships raises outlook despite weak market, hives off more vessels Shipowner sells trio of 2,500-teu vessels taking the tally sold since September to eight
AMSC trumpets cash pile after 'transformative' months sees company turn to offshore AMSC went from a Jones Act tanker owner over the summer to a player in the offshore space by the autumn
Braemar back as shares resume trading following suspension of more than four months Broker applied for a halt after missing reporting deadline due to probe into legal transactions
'Important milestone': SSY seals biggest-ever trade in iron ore futures UK shipbroker says commodities arm rolled 5m-tonne position into 2024
BW Epic Kosan insiders gain 99.8% acceptance as take-private offer closes J Lauritzen, BW Group and others will launch compulsory offer for small number of refuseniks
More P&I clubs target 7.5% general increases, claiming rates are 'inadequate' American Club adds 40% supplementary call to cover deterioration in prior year claims
Golden Ocean reveals vessel sales following 'steady but subdued' third quarter Bulker owner remained profitable and has maintained its quarterly dividend
Panamax bulker market achieves 13-month high as tonnage remains scarce, analysts say Imbalance in North Atlantic remains, analysts say
Messina doubles down on container ships with purchase of Marlow brace Italian carrier takes cellular fleet to four vessels as it continues to replaces conros
Mats Berglund makes surprise return to Pacific Basin Hong Kong-listed bulker owner has tempted its former CEO to return
Marco Polo Marine seals three-year charter for maiden CSOV newbuilding Charterer says Asia faces a shortage of suitable vessels for wind farm operations
Yet another shipping 'chokepoint' risk as Yemen rebels attack Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Air cargo's anemic peak season nothing to celebrate Air cargo demand has picked up after a long slide, but the busy season leading up to the holidays has been disappointing by historical standards.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
