CII voyage optimization made simple? Can attaining the desired CII value for a voyage be as simple as setting it on a control panel slider? Swedish marine green tech company Qtagg says "yes." With shipowners getting increasingly
Stockholm to put autonomous ferry into operation this year Back in November last year, Norwegian ferry operator Torghatten announced that it was planning to operate a small autonomous ferry in Stockholm, Sweden, and that shipbuilder Brødrene Aa had been given the
Onboard carbon capture project moves closer to pilot installation ABS has given its Approval in Principle to a project that plans to demonstrate the feasibility of using carbon capture onboard a vessel, with a pilot installation on a Stena Bulk MR
Second Constellation-class frigate will have "Made in the U.S.A." MTU gensets Rolls-Royce Power Systems has been selected to supply a further four of its MTU gensets for the USS Congress (FFG-63), the second ship in the U.S. Navy's Constellation-class guided-missile frigate program. Rolls-Royce
White Paper: Five key steps to electric ship design There is a sense of urgency for the marine industry to become more environmentally friendly. One potential strategy for doing so is exploring alternative fuel and propulsion systems. In this white paper,
Ferry and tug crews recognized following ferry fire rescue The Coast Guard presented Public Service Commendations and Certificates of Merit March 9 at the Whitehall Terminal in Manhattan to the New York City Police and Fire Departments, and to the ferry and tug
LAC Fleet takes delivery of Mitsubishi-powered towboat Lydia Ann Channel Fleet (LAC Fleet), Port Aransas, Texas, has partnered with Eymard Marine Construction in Harvey, La., to build a new vessel powered by two Laborde Products' EPA Tier 3 Mitsubishi
AAPA launches new Offshore Wind Subcommittee Recently, the American Association of Port Authorities (AAPA)-the unified voice of port leaders and maritime industry partners across the Western Hemisphere -hosted its first-ever Offshore Wind Subcommittee meeting. The group will serve
Svitzer Brazil takes delivery of the first of six ASD tugs Brazil's Estaleiro Rio Maguari (ERM) shipyard has delivered its first ASD (azimuthing stern drive) tug, the Svitzer Arthur. Designed by Robert Allan Ltd., it is the first of a series of six
Mississippi River Commission preps for spring high-water inspection trip The Mississippi River Commission will conduct its annual spring high-water inspection trip on the Mississippi River, March 27- 31, 2023. The commission will host four public meetings onboard the M/V Mississippi in
Government of Quebec backs Montreal port's expansion in Contrecoeur The Montreal Port Authority announced the additional financial support of US$75 million granted to its Contrecoeur expansion project by the Government of Quebec. This expansion is part of the 2023-2024 budget unveiled by Canada's Minister of Finance, Éric Girard. "The Government of Quebec's support is a concrete gesture to support local businesses with a more efficient, more sustainable and more
Capital Product Partners announces new boxship charter deal Capital Product Partners, a global ship owner, has agreed a new time charter for the 9,288 TEU container vessel Akadimos which was built in 2015 by Daewoo-Mangalia Heavy Industries, with a major liner company. The charter for the boxship is expected to commence in the second quarter of 2023 in direct continuation of its present charter with a duration of approximately two years. Capital Product P
Tanker catches fire off Portugal The Maltese-flagged oil/chemical tanker Greta K suffered a fire outbreak on board and went adrift at approximately 15:30 (UTC) on 21 March, about 1.5 miles off the coast, roughly 3 kilometers from Ingleses Beach in Foz do Douro, Portugal. According to Maritime Bulletin, the fire broke out in the engine room. Tugs were dispatched and 12 crew members were evacuated with no injuries reported, while
SC Ports reports second-busiest February in its history South Carolina Ports (SC Ports) saw higher-than-average container traffic at the Port of Charleston in February as the state continues to attract new business. SC Ports has processed roughly 1.8 million TEUs and 978,374 pier containers so far in the fiscal year 2023, translating to a 5% decrease from the same period last year. Furthermore, SC Ports processed 201,418 TEUs in the last month, repres
Stronger financial results, lower box volumes for OOCL in 2022 Orient Overseas (International) Limited, the parent company of Orient Overseas Container Line (OOCL) announced the full-year results for 2022, reporting revenue of US$19.82 billion. In addition, the company's earnings before interest and taxes (EBIT) rose to US$10.089 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$10.95 billion. Meanwhile, the pr
Damen Triton IoT platform receives Bureau Veritas Type Approval Certification for Cyber Resilience Damen Shipyards Group has revealed that its Triton Internet of Things (IoT) platform has received Bureau Veritas (BV) Type Approval Certification for Cyber Resilience. The system collects all practical asset data accessible from a vessel and its engines, pumps, hydraulics, alarms, and other machinery, totalling over 10,000 signals for a single vessel. This is then relayed to the personnel on boar
Shipping industry groups reach agreement on critical safety concerns Cargo Incident Notification System (CINS), Confidential Human Factors Incident Reporting Programme (CHIRP), Container Owners Association (COA), International Cargo Handling Coordination Association (ICHCA) and Ship Message Design Group (SMDG) inked a Memorandum of Understanding (MOU) on 16 March for cooperation on the safety and security of global trade. The shipping industry bodies share a commo
Grimaldi, Minoan Lines and EKEV to acquire majority stake in Greek port The joint venture established by the companies Grimaldi Euromed S.p.A., Minoan Lines S.A. and Investment Construction Commercial And Industrial S.A. (EKEV SA) signed an agreement with the Hellenic Republic Asset Development Fund for the purchase of a majority stake of 67% of the share capital of the Igoumenitsa Port Authority (IPA S.A.) for a total price of around US$90 million. The signature of
Boxship hits pier in Taiwan's port with drunk pilot on board The 6,763 TEU container ship Hyundai Tokyo hit pier 77 of the port of Kaohsiung in Taiwan on Monday (20 March), causing damage to the quayside of the port. The vessel, which also suffered hull cracks, was sailing fully loaded from the port of Ningbo in China to the island's largest port. According to the latest reports, the pilot, who was on board Hyundai Tokyo at the time of the accident, was fo
Container movement to fall in 2023: Mizuho Bank Mizuho Bank's industry research division predicts that demand for maritime container transport will fall in 2023 in a study on current supply and demand trends and short-term forecasts in key industries. Mizuho Bank believes that box movement will be slower in 2023, especially in the Asia-Europe and Asia-North America trades, due to declining consumption and normalising demand, which has increase
Dublin Port commences public consultation on Masterplan Dublin Port has opened a formal public consultation on the 3FM Project, the third and final Masterplan project required to finish the growth of the Irish port and bring it to its ultimate and final capacity by 2040. The 3FM project will produce 20% of the capacity needed by 2040 by focusing on Dubli
Scorpio Tankers fixes out LR2 over three years for $43.8m Monaco-headquartered Scorpio Tankers has bagged a new long-term charter out deal worth nearly $44m. The New York-listed company has fixed an unnamed scrubbed-fitted LR2 to an undisclosed client for three years. The charter commences in April this year at $40,000 per day corresponding to around $43.8m in fixed revenue. Emanuele Lauro-led Scorpio Tankers sports a ...
Capital Product Partners seals new containership fixture Capital Product Partners (CPLP) has sealed a new time charter deal for the 2015-built neo-panamax boxship . The 9,288 teu vessel has been fixed for around two years from the second quarter of 2023 in direct continuation of its present charter with Japan's Ocean Network Express (ONE). The Nasdaq-listed master limited partnership said it expects ...
DeepOcean bolsters fleet with Olympic Subsea MPSV DeepOcean has strengthened its fleet with a two-year time charter agreement for the multipurpose support vessel (MPSV). The Norwegian offshore energy contractor said the 2013-built ship chartered in from Fosnavaag-based shipowner Olympic Subsea, will be utilised for subsea inspection, maintenance, and repair (IMR), light construction and recycling services in the offshore renewables and oil and ...
PGS awarded 3D survey contract Norwegian seismic player PGS has secured a contract with an undisclosed major for a 3D exploration acquisition. The 2013-built Ramform Titan is set to mobilise for the survey in late June and complete the survey in August. No further details have been disclosed about the project. Earlier this month, the Oslo-listed firm secured work for ...
New Tufton-backed shipowner Stainless Tankers set to list in Oslo A new player in the chemical tanker arena will be listed on the Norwegian over-the-counter market following an initial public offering backed by UK-based Tufton Investment Management. The Oslo-based Stainless Tankers has raised around $67m to buy a fleet of seven 20,000 dwt stainless steel chemical tankers. The ships will be managed by Tufton, which ...
Shipping braces for reputation hammering as dark fleet accidents proliferate Shipping is braced for a reputation hammering in the event of a major dark fleet "oil on feathers" incident. Authorities around the world are trying to keep tabs on the fast-growing shadow fleet of tankers hauling Iranian, Venezuelan, and Russian oil in often substandard, elderly tonnage. The latest near disaster occurred on Sunday when the ...
China's first hydrogen fuel cell-powered ship starts operations China's first ship powered by a 500 KW hydrogen fuel cell has been put into operation by China Three Gorges Corporation. The service ship, Three Gorges hydrogen ship No.1, uses homegrown hydrogen fuel cells and a lithium battery system and will be used for transportation, patrol and emergency services in the Three Gorges reservoir area. ...
Subsea 7 and Simply Blue team up with local player for floating wind in Australia Oslo-listed offshore contractor Subsea 7 and floating offshore wind developer Simply Blue Group have joined forces with Australia's Spark Renewables to pursue floating wind development off the coast of New South Wales in the Hunter and Illawarra regions. The consortium said that the recently declared Hunter-Central Coast and Illawarra Renewable Energy Zones offer good opportunities ...
Breathalyser tests mandated for all pilots in Taiwan A pilot who was found to be drunk on the job after a containership slammed into a pier at the Port of Kaohsiung on Monday has been suspended and all maritime pilots in Taiwan will now face mandatory alcohol breathylser tests before starting work following the incident. The 2006-built, 6,800 teu ploughed straight into Pier ...
Five shipping bodies join forces in bid to make transport of lithium-ion batteries safer Five shipping bodies have joined forces to create common action on important safety issues, with the carriage of lithium-ion batteries high up on the agenda. The five organisations - Cargo Incident Notification System (CINS), Confidential Human Factors Incident Reporting Programme (CHIRP), Container Owners Association (COA), International Cargo Handling Coordination Association (ICHCA), and Ship
BP avoids Sparrows workers strike A strike by offshore workers employed by Sparrows on BP assets in the UK North Sea has been called off. UK's largest offshore trade union, Unite, confirmed that a deal has been reached securing an extra three weeks paid leave, equivalent to a 10% rise in pay. Nearly 50 offshore crane operatives, crane maintainers, lifting ...
Macquarie's Corio, Vårgrøn and Å Energi launch Norwegian offshore wind unit Corio Generation, an offshore wind portfolio company of Macquarie's Green Investment Group (GIG), together with Norwegian renewable energy developers Vårgrønn and Å Energi launched a new brand dedicated to developing offshore wind in Norway. Brigg Vind, which pays homage to the strong maritime tradition and expertise of Norway, has been set up by the trio ...
Havfram Wind scores Hornsea 3 contract for WTIV newbuild Norwegian installation contractor Havfram Wind has won a contract from Denmark's Ørsted to install turbines at its Hornsea 3 offshore wind farm in the UK. The project starts in autumn 2026 and will utilise the company's wind turbine installation vessel (WTIV) under construction at CIMC Raffles Shipyard in China. Hornsea 3 will consist of up ...
Carisbrooke trials solar cells UK shipowner Carisbrooke Shipping is trialling solar energy cells on the deck of one of its multi-purpose vessels. The company has partnered with compatriot Grafmarine to trial its NanoDeck AI Solar tile management solution "NanoDeck challenges the current reliance on fossil fuels by providing a clean and sustainable alternative renewable source of energy which can ...
Maritime events calendar launched The maritime events calendar is back in full swing, leaving the vagaries of covid behind, with shipping confronted by a dizzying amount of conferences and exhibitions to choose from in just about every corner of the globe. Helping sort through the busy events scene, UK-based Wake Media has debuted a maritime calendar. The event planning ...
Landmark carbon capture project onboard a Stena Bulk tanker moves ahead A consortium of global shipping organisations and the Oil and Gas Climate Initiative (OGCI) have received approval in principle from the American Bureau of Shipping (ABS), the US ship certification agency, to use a carbon capture system onboard an oil tanker. The project's seven-member consortium includes the Global Centre for Maritime Decarbonisation (GCMD) in Singapore, ...
Port of Montreal adopts AI technology to measure and reduce the carbon footprint of vessels The Montreal Port Authority (MPA) and Global Spatial Technology Solutions (GSTS), a Canadian company that specialises in applying artificial intelligence (AI) to shipping, have launched a project to measure and reduce the carbon footprint of vessels using the Port of Montreal that makes the most of artificial intelligence. Using GSTS's OCIANA AI platform, the project ...
Landmark shipboard carbon capture project faces costs challenge Design shows that demonstration project uses additional fuel to generate energy needed to capture enough carbon
Greece-owned fleet suffers rare dip in strength Greek flag falls to 12% share of all domestically controlled vessels, but Malta was biggest loser of Greek business in...
Navigator Gas seeks partner on ammonia supply chain Company chief executive says he is eyeing growth in blue/green ammonia and, over time, carbon dioxide transportation as shipping moves...
Shippers face conundrum over container freight contracts Shippers face tough decisions over whether to lock in contract rates that are higher than spot rates. But holding off...
Owners should welcome Greek maritime law shake-up 'Step in right direction' says Reed Smith, while HFW brands changes 'a big deal'
Ship recycling supply falls on charter rates improvements Improving charter rates in the dry cargo sector has begun to reduce the supply of tonnage destined for shipbreaking yards
Strikes extended at French LNG terminals Workers vote to extend industrial action for another week results in diversion of multiple LNG carriers to other regions
Capital Product Partners signs $34m charter with ONE Deal brings charter coverage to 96% for 2023 and 2024
Grimaldi-led group signs port share purchase deal for Greek port Grimaldi investments a vote of confidence for investing in Greece, says finance minister
Robust coal trades to add to bulker demand Cargo order volumes are picking up for stockpiling ahead of peak summer demand to avoid blackouts
Samskip orders first hydrogen-powered boxships Two 500 teu containerships have been ordered from Cochin Shipyard with delivery of the first vessel expected in mid-2025
Euronav's future hangs in the balance ahead of shareholder showdown After the chaos of an abandoned merger with Frontline and a bruising shareholder scrap with the Saverys family, Euronav chief...
Braemar set for record revenue and operating profit The top line for the year ending February 28 is expected to come in at not less than £150m ($184m)...
Business as usual 'not an option' on shipping's path to decarbonisation Shipping must change the way it operates if it is to make progress on decarbonisation, and collaboration across the industry...
Project to develop onboard carbon capture gets ABS approval Three-phase project aims to demonstrate the feasibility of using carbon capture onboard a vessel
Daily Briefing Banking turbulence amplifies capital-raising difficulties for shipping | Welcome aboard, UBS! | Orderbook impasse is turning tankers into 'cash machines'...
MSC adds Jaxport stop on trans-Atlantic service The Scan Baltic to USA service, which will begin calling Jaxport in late April, marks the port's second trans-Atlantic service and fifth container service.
Charleston gets expedited hearing in appeal over ILA's Leatherman lawsuit The fast-track hearing schedule came after the South Carolina State Port Authority told the Fourth Circuit Court of Appeals the port could become "bottlenecked" if ships can't call the Hugh K. Leatherman Terminal.
Maersk going it alone, so far, on policy changes to free time billing Maersk in April will stop collecting detention and demurrage fees on days terminals are closed and shippers can't pick up or drop off containers, a move yet to be followed by competing ocean carriers.
MPV carrier Swire Projects eyes growth in Australian project market New operator Swire is growing its fleet and gearing up to move cargo for the busy Australian minerals and energy markets.
Tale of two halves as OOCL banks $10 billion net profit for 2022 OOCL is so confident its balance sheet can withstand current market challenges that the carrier has returned 70 percent of its net profit to shareholders.
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.
Alfa Laval buys out fluidic air hull lubrication firm Swedish marine equipment manufacturer boosts green presence with acquisition of Rotterdam-based Marine Performance Systems
Capesize bulker sector recedes as fears of Chinese steel cutback swirl World's largest steelmaker may reportedly cut production by 2.5% this year to lower emissions, a move that would hurt iron-ore demand
Black Sea grain deal extended, but uncertainty over how long Safe corridor renewed for full duration of 120 days, Ukrainian official claims. Russia, however, disagrees
Kabir Ship Recyling becomes Bangladesh's third Hong Kong Convention-compliant yard Options for green recycling improve as South Asia country offers top dollar for tonnage
Trio of panamax bulk carriers charters fixed for a year Handysize fixture beats average daily rate for 12-month period
Tidewater tipped to stay hungry after raising bar with $577m Solstad deal Giant US owner will likely extend its dominance in supply ship market, VesselsValue's Rob Day believes
George Economou's TMS Tankers orders more product carriers from China's New Times Shipbuilding The company is due to take delivery of the aframax product tankers in early 2026
Mining, steel and shipping group seeking green corridor for South Africa ore Consortium including CMB, Anglo American and Tata Steel will examine options for continent's first green route
Greek shipowner Nicholas Lykiardopulo adds to BW Epic Kosan stake Board member splashes $488,000 on more shares in LPG carrier company
25 injured after research ship dislodged by storm in Scottish drydock Footage shows the Petrel developed severe list in Leith on Wednesday
Private Scorpio Group in deal to manage two Yangzijiang MR tanker newbuildings Scorpio official stresses order has nothing to do with shipowner Scorpio Tankers
UK needs focused plans and investment to hit 2050 net zero shipping target, says report Parliamentary committee says strategy must include funding to commercialise decarbonisation technologies
Orient Overseas Container Line shareholders reap whopping $7bn dividend But alarm bells ring over to supply of newbuildings to be delivered in coming months
Markets turn in Braemar's favour but focus on shipbroking is not 'luck', Gundy says CEO stands by his decision to simplify the business
Head of corruption-hit PDVSA appointed Venezuela's oil minister Pedro Rafael Tellechea moves after less than three months as chief of the state-run oil company
French liner giant CMA CGM joins dash to jump on car carriers Shipping and logistics giant is said to have chartered four vessels from Idan Ofer-led Eastern Pacific
Braemar's James Gundy on shadow fleet deals: 'We are playing exactly by the rules' London-listed shipbroker's CEO follows Clarksons' Case in ruling out transactions where ownership is uncertain
French liner giant CMA CGM joins dash to jump on car carrier Shipping and logistics giant is said to have chartered four vessels from Idan Ofer-led Eastern Pacific
Data reportedly stolen as Dutch ship monitoring company hit by cyber-attack Operations at Royal Dirkzwager, which monitors more than 200,000 ship movements a year, are said not to be affected
Italian product tanker taken under tow after fire off Portugal Twelve of 19 crew evacuated following incident on the Greta K on Tuesday
Italy gives nod to extradite alleged Russian oil smuggler Artem Uss was arrested after US prosecutors revealed details of shadowy Venezuelan operation
Ernst Russ 'cautiously optimistic' on prospects for 2023 Profits treble but operating earnings tipped for sharp decline in coming months
Tufton-backed Stainless Tankers expects to sell fleet 'in a few years' IPO manager Clarksons Securities sees Oslo start-up as an opportunistic play
Shipbroker Braemar on target for record annual profit of at least £20m UK-listed company enjoys strong 12 months and says latest financial year has started well
Italy agrees to extradite alleged Russian oil smuggler Artem Uss was arrested after US prosecutors revealed details of shadowy Venezuelan operation
Tufton backs $67m IPO as new chemical tanker company debuts in Oslo Stainless Tankers is acquiring a fleet of seven ships to be managed by the UK investment manager
Scorpio Tankers locks in LR2 product tanker on three-year deal worth $44m US-listed owner secures work for scrubber-fitted ship at $40,000 per day
The IMO is drinking in the last chance saloon on setting carbon goals. Here's why Crucial meeting this week should heed UN warnings and pave the way for a 2050 target
Full details emerge for third LNG carrier scrap sale of 2023 Sinokor moves forward with steam turbine clear-out as it edges towards new tonnage
GTT merges fuel and vessel performance management firms Paris-listed company said merger represents a new milestone in its digital strategy
Houston, New Orleans ports see container volumes rise Ports in Houston and New Orleans reported strong cargo container flows during February, boosted by exports of plastics and chemicals.
Viewpoint: Labor flexing its muscles again in Germany On Wednesday, Ver.di, the union representing tugboat and bridge operators among other critical public service jobs at the Port of Hamburg in Germany, announced a strike.
How push to decarbonize shipping slowed tanker building to a trickle Shipowners say they won't order expensive new dual-fuel tankers without charters. They're not getting charters, so they're not ordering.
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