Russians sinking ferries to "drone proof" Kerch bridge Days after CNN aired footage showing a Ukrainian sea drone strike on the Kerch bridge, comes news that the Russians are trying to sink ferries in an attempt to "drone proof" the
Revolution Wind gets green light to start construction The Bureau of Ocean Energy Management (BOEM) has issued its Record of Decision approving Ørsted and Eversource's Revolution Wind project, located about 15 nautical miles southeast of Point Judith, Rhode Island. Ørsted
Maritime Partners in $746.7 million Jones Act tankers swoop Metairie, La., headquartered Maritime Partners LLC is getting into the Jones Act tanker market, big time. Best known as the largest lessor of U.S. inland waterways towboats, it is getting into the
Market research can ensure the success of your business Market research is an essential component that should be implemented in any business, as this ensures that the chances of reaching success will increase in a great measure. Marketing research is a comprehensive approach that will let you discover how a service or product will be received before releasing it, so you greatly reduce the chance of not being liked by the client. These analyses are con
How Does A Ghost Immobiliser Work? Immobilisers became a standard fitting in cars across the world in the late 90s. Immobilisers in general work by preventing an ignition from starting without the presence of the correct key or fob. This has worked incredibly well to stop hotwiring, which was a significantly common type of car theft in the 80s and 90s. However, as technology has advanced and thieves have become much more tech-savv
West coast import box slide set to be arrested US ports have seen a double-digit decline in import volumes for the tenth month in a row, but the expectations are that these monthly falls will slow considerably from August onwards. Year-on-year volumes in the ten largest US ports showed double-digit increases up to July 2021, slowing in August of that year, the last pandemic year, with analysts expecting the comparisons to reflect those figure
Freight rates lose gains after three weeks Long-haul freight rates have given way to the lack of capacity discipline, as the Shanghai Containerized Freight Index (SCFI) lost ground after three weeks of gains. On 18 August, Asia-North Europe rates fell to US$852/TEU, down from US$926/TEU the previous week, while Asia-US West Coast rates dipped to US$2,003/FEU, from US$1,507/FEU on 11 August. Linerlytica said that market sentiment has turne
Evergreen makes US$76 million investment in Oakland terminal Evergreen Marine Corporation's terminal operating subsidiary Everport Services has invested US$76 million in the port of Oakland. No further information was released, with Evergreen citing confidentiality. The disclosure of the investment coincided with Evergreen acquiring a 20% stake in Euromax's terminal in the Dutch port of Rotterdam on 17 August. Drewry Maritime Financial Research analyst Adi
GEODIS expands Road Network from Singapore to China Geodis has expanded its Road Network from Southeast Asia to China, connecting Singapore, Malaysia, Thailand, Vietnam and China. With this decision, Geodis aims to drive its growth in Asia with strategic investments in its capabilities and infrastructure in the region. The Road Network to Shenzhen, China will officially launch on 23 August and will subsequently be extended to Hong Kong, and in the
Evergreen's 15,400+ TEU vessel arrives at port of NY and NJ The Port of New York and New Jersey saw Evergreen's container ship Ever Max calling Maher Terminals-operated Elizabeth- Port Authority Marine Terminal on 13 August. The 15,432 TEU vessel, built in 2023 and sailing under the flag of Singapore, is the largest vessel of the Taiwanese ocean carrier to call on the US East Coast and the Port of New York and New Jersey. Ever Max travels along the Asia -
Pilbara Ports nears 60 million tonnes in July Pilbara Ports Authority reported a total monthly throughput of 59.7 million tonnes (Mt) for July 2023. In fact, this throughput was a 5% decrease compared to the previous year's July figure. In particular, the port of Port Hedland achieved a monthly throughput of 44.5Mt, translating to a 6% drop year-on-year. From the total July throughput, 43.7Mt was iron ore exports. Furthermore, imports at the
MSC to create shipping and logistics hub at Port of Neom MSC, in collaboration with its logistics arm MEDLOG, is establishing a shipping and logistics hub incorporating vessels, container yards, warehousing and inland transportation at the Port of Neom in Saudi Arabia. The project is going to start in the next month. The strategic location of the port of Neom in Oxagon on the Red Sea coast is considered one of the most important trade routes in the wor
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MSC updates Sentosa service rotation MSC has decided to revise the port rotation of its Sentosa service, which will now include port calls at Port Klang, Singapore and Busan. With the changes, MSC aims to improve interconnectivity and transit times between Southeast Asia, China and the US West Coast. The new rotation of the service will be as follows: Port Klang (Malaysia) - Singapore (Asia) - Laem Chabang (Thailand) - Vung Tau (Vie
CMA CGM's CEVA Logistics expands presence in India through acquisition deal CMA CGM's logistics arm CEVA Logistics has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders. Started in 2016 by Anshuman Singh, Stellar Value Chain Solutions has become an important local player in contract logistics with omni-channel fulfillment services in the eCommerce, automotive, fo
Mitsubishi Shipbuilding develops ammonia handling system for ships Mitsubishi Shipbuilding Co., a part of Mitsubishi Heavy Industries (MHI) Group, is currently developing the Mitsubishi Ammonia Supply and Safety System (MAmmoSS). This is an ammonia handling system to support the utilisation of ammonia as marine fuel, which is attracting attention as a means of significantly reducing greenhouse gas (GHG) emissions from ships. Mitsubishi Shipbuilding has also begu
Maran Dry lets go of elderly cape Maran Dry Management, a unit of Greek owner Angelicoussis Shipping Group, has offloaded its eighteen-year-old capesize bulker. Brokers are reporting the 2005 Shanghai Waigaoqiao Shipbuilding-built as sold to an unnamed buyer. No price has been given for the 174,272 dwt ship formerly known as Anangel Fortune. In March, the Maria Angelicoussis-led owner of over 40 ...
Miclyn Express Offshore wins vessel contract in Saudi Arabia Miclyn Express Offshore (MEO) has announced a new award for one of its vessels in Saudi Arabia. A contract has been secured with an undisclosed engineering, procurement, construction and installation player for the 2011-built 4-point mooring workboat. The Panama-flagged 150 pax accommodation vessel has been fixed for 18 months after the recent completion of ...
OSM Thome wins shipmanagement deal for six ammonia-fuelled newbuilds Norway-based OSM Thome has signed a letter of intent (LOI) with compatriot Pherousa Green Shipping for the management of a series of 63,000 dwt vessels. Pherousa Green Shipping, headquartered in Oslo and established in 2023, is in the process of initiating an order for up to six modern, zero-emission ultramax bulkers designed by Deltamarin. The ...
Prysmian eyes $4.9bn cabling deal in Germany Italian cabling giant Prysmian has been designated as the preferred bidder by German transmission system operator Amprion to secure contracts worth around €4.5bn ($4.91bn) for the BalWin1 and BalWin2 offshore grid connection systems in the German North Sea and the country's underground cable project. BalWin1 and BalWin2 will transmit each up to 2 GW of ...
Management shuffle at Synergy sees Unni take on chairman role Rajesh Unni, founder and CEO of Singapore-based shipmanagement giant Synergy Marine Group, is stepping back from the day-to-day running of the company, announcing a succession plan which will see him take on the role of executive chairman. Mathavan Subbiah, who has been with Unni since the launch of the company in 2006, steps up from ...
AMSC sells Jones Act tanker business to Maritime Partners Oslo-listed American Shipping Company (AMSC) has sold its fleet of Jones Act-compliant tankers to Louisiana-based Maritime Partners. A newly-formed company owned and controlled by a fund managed by Maritime Partners will take over AMSC's subsidiary American Tanker Holding Company (ATHC) which owns nine handysize product tankers and one handysize shuttle tanker, all of which are ...
Maersk Tankers inks management deal with Astomos Energy Japan's biggest LPG distributor and trader, Astomos Energy, has chosen Maersk Tankers as voyage manager for an initial five very large gas carriers (VLGCs). The Maersk Tankers service includes day-to-day vessel operations, fuel optimisation, and claims handling. It covers full post-fixture support from the time the vessel is fixed for a voyage, through its successful ...
Exxon to invest nearly $13bn in sixth project offshore Guyana US oil giant ExxonMobil revealed that it would invest around $12.93bn in developing its sixth offshore project in Guyana. Exxon's sixth project - Whiptail - will be located in the eastern portion of the Stabroek Block, some 195 kilometres northeast of Georgetown and amid previous Stabroek projects. The US firm revealed in an Environmental Impact ...
Norwegian newcomer Eldorado Drilling raises funds for drillship acquisitions Norwegian outfit Eldorado Drilling, backed by several high-profile investors, has raised $130m to fund its offshore rig acquisition programme. The offshore drilling newcomer picked up newbuild ultra-deepwater drillships West Dorado and Pacific Zonda, now known as Dorado and Zonda, from South Korea's Samsung Heavy Industries earlier this year for delivery in 2024. The net proceeds, ...
DSIC to build up to four LNG carriers for China Gas, Wah Kwong, CSSC Shipping JV China's Dalian Shipbuilding has won an order for two firm large-scale liquefied natural gas (LNG) carriers from a recently created joint venture. The order comes with options for two more vessels. Earlier this year China Gas created a joint venture with Hong Kong's CSSC Shipping and Wah Kwong Maritime Transport Holdings to acquire a pair ...
China trials giant new canal Trial operations have started on the Yangtze-Huaihe Grand Canal, China's second longest canal linking two major rivers. The canal connects China's longest river, the Yangtze, which flows through southern Anhui province for 400 km, and the Huaihe River, which runs through the north of the province. The canal is 723 km long with the whole ...
Future Proof Shipping selects ship for hydrogen power conversion Dutch line Future Proof Shipping has selected a second vessel to convert its engine from a diesel one to a zero-emission hydrogen-powered one. Following in the wake of the FPS Maas, now renamed H2 Barge 1, the has just sailed its last inland voyage on a diesel engine. The containership arrived at the Holland Shipyards ...
Peru's port shame Shaun Robertson, an intelligence analyst at Palaemon Maritime, on the growing crime scene at Callao, Peru's largest port. Callao, Peru, has long been essential to the nation's maritime trade and culture. However, recent years have witnessed a troubling rise in robbery at sea incidents, threatening the safety of maritime activities and raising concerns about the ...
Zeaborn's Singapore entity agrees $2m fine for overboard disposal of garbage and bilge water Zeaborn Ship Management (Singapore), and the master and chief engineer onboard the general cargo vessel Star Maia plead guilty to...
US government approves Revolution Wind project offshore Rhode Island US Department of Interior approves the fourth major offshore wind project, aligning with the Biden-Harris administration's objective of achieving 30 gigawatts...
Bar Tech chief touts sails' force The first WindWings-fitted bulker, the kamsarmax Pyxis Ocean, will be followed by the newcastlemax Berge Bulk. Bar Technologies will be...
BHP aims to expand Australia iron ore production despite China concerns The target to reach more than 300m tonnes in the medium term will align BHP with important miner Vale, as...
US tug and barge owner Maritime Partners buys AMSC's $747m Jones Act business Maritime Partners, a US tug and barge owner has agreed to acquire ASMC's wholly owned subsidiary American Tanker Holding Company...
Dry bulk shipping under pressure as China's economic woes deepen Demand prospects are deteriorating as economic data and stimulus from the world's largest commodity importer continue to disappoint
Owners want to lock into fixed interest rates, Oceanis insists 'As a shipowner, is it really your business to speculate on rates, or is your business to run vessels and...
LA and Long Beach weather storm Hilary but some railways flood California's seaports emerged largely unscathed from tropical storm Hilary. The disturbance dumped many inches of rain on the Pacific state...
Car carriers caught in Canada competition case The car carrier sector has long struggled to stay on the right side of competition law. Again it has been...
South Korean yards build less for more Costlier ships are helping offset a fall in volumes for South Korean builders, who remain the leaders in high-value tonnage...
MPC Container Ships raises guidance despite uncertainty Despite a reduction in charter rates and periods, open tonnage remains manageable. Demand for smaller ships likely to remain strong
Dalian Shipbuilding wins order for up to four LNG carriers from new joint venture Hong Kong-based shipping company Wah Kwong, gas distributor China Gas and shipping leasing firm CSSC (Hong Kong) Shipping set up...
Daily Briefing Russia's ghost ships and the evolution of a grain-smuggling operation | Ukraine set to launch state-backed war risk cover |...
Carriers hold fast to trans-Pac capacity cuts amid unclear import demand Blank sailings during August held largely steady from July as the outlook for US import demand remains unclear, according to forwarders.
Ocean carriers hold fast to trans-Pac capacity cuts amid unclear import demand Blank sailings during August held largely steady from July as the outlook for US import demand remains unclear, according to forwarders.
M&A activity in 3PL sector continues as investment firm acquires Ascent Two weeks after Forward Air acquired forwarder Omni Logistics, a private investment fund has taken over expedited third-party logistics provider Ascent Global Logistics.
Intermodal savings slip in second quarter, but could rise in Q3: ISI Truckload spot rates have risen slightly off the lows seen so far this year, although some trucking analysts do not expect a significant rebound in rates until early 2024.
Estes expands use of Optym as LTL market deals with Yellow fallout Estes Express Lines has long used third-party software to amp up its service to customers, with an expansion of its partnership with less-than-truckload software provider Optym the latest example.
Smaller bulkers ride waves of limited tonnage in Atlantic and Pacific basins Average spot rates for supramaxes rise by a third in two weeks, according to market data
Zeaborn unit agrees to pay $2m fine for dumping oily bilge and garbage at sea Two of Star Maia's officers also plead guilty in federal court in California
US Coast Guard charges engineer with sexual assault on Maersk ship as Justice declines to prosecute Administrative charge against Edgar Sison seeks revocation of license
US Coast Guard charges engineer in Midshipman X case with sexual assault on Maersk ship Administrative charge against Edgar Sison comes after Justice Department declines to prosecute
Will the Panama Canal give shipping a 'black swan' for Christmas? US imports account for 73% of goods that transit the canal and are valued at $270bn per year, according to Container xChange.
Empire Navigation ship takes Suez Rajan crude to Houston terminal Greek shipowner's MR Euphrates pulls into Houston after ship-to-ship transfer
Were electric Porsche dream cars the cause of the Fremantle Highway fire? Some suggest EVs are among the charred remains of car carrier's cargo
Debris photo reignites debate on cause of Fremantle Highway fire Some suggest EVs are among the charred remains of car carrier's cargo
Families of dead firefighters plan to sue for Grimaldi fire Judge orders that ship stay within court's jurisdiction until further notice
Shipping software outfit Metizoft gets boost from Norway state investor West coast software and consultancy outfit gets NOK 160m investment from state-backed climate fund and Oslo investor
Wah Kwong, CSSC (Hong Kong) and China Gas seal LNG ships deal New joint venture is sitting on options that could double its initial order
Newbuild wave will not put the brakes on car carrier market until 2025, analysts argue Shipowners should see strong earnings continue next year, but longer-term outlook harder to read
Emissions rules driving outside-the-box thinking for new tech ABB has the Dynafin, Carisbrooke is trialling a Grafmarine solar panel system and a bulker raises a massive sail high in the sky
Castor profit boosted by stake in Eagle Bulk as it seeks further growth Weaker bulker markets meant a drop in earnings for Cyprus-based owner
PGS picks OSM Thome for hydrogen ultramax project Norwegian ship manager will help develop plan for up to six zero-emission newbuildings
Maersk's methanol dual-fuelled feeder ship bunkers in Egypt Vessel is being supplied with grey methanol with shipowner buying green gas certificates to offset carbon emissions
Product tanker sector needs 'new investment case' for next decade, Gibsons says UK shipbroker argues that recent spending has been driven by changing dynamics in global refining that has now come to a halt
AMSC sells Jones Act tankers for $747m to US tug and barge owner Oslo-listed shipowner believes now is the time to depart US domestic business in deal with Maritime Partners
NYK and K Line admit car carrier price conspiracy in Canada Japanese lines fined by competition authority for collusion in 2008
AMSC exiting Jones Act tanker business with sale to New Orleans tug and barge owner Oslo-listed shipowner believes now is the time to depart US domestic business in deal with Maritime Partners
Maersk Tankers scoops management deal for five Astomos Energy VLGCs Gas operation continues to expand at Danish group with latest deal
MPCC eyes more ship buys as profit rises despite weaker markets Boss Baack also says more sales are likely as uncertainty prevails in sector
Maxim Group parent company under fire for alleged sanctions busting, money laundering Kazakhstan and New York-based Freedom Holdings denies charges from activist short-selling fund Hindenberg Research
BHP expects China's iron ore demand to weaken over time World's largest miner says near-term outlook is contingent on the effectiveness of China's recent policy measures
Eastern Pacific Shipping grabs first place in pro relay race Singapore-based shipping company shows it's a quick mover
Freightos loses $5.9M as cost-cutting plan takes effect Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
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.
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