Maersk inks deal with Goldwind for 500,000 tonnes of green methanol a year With 12 large methanol dual-fueled ships on order, A.P. Moller Maersk has reached a long-term green methanol offtake agreement with Chinese developer Goldwind covering annual volumes of 500,000 tonnes of the fuel.
VIDEO: Successful OSV test of ammonia cracker and fuel cell combo Bilbao, Spain, based H2SITE reports that ammonia cracking is gaining traction for onboard power generation as a means of producing hydrogen for use in PEM fuel cells. The company says that it
Milence and Port of Antwerp-Bruges to collaborate on development of 30-bay charging hubs for heavy-duty vehicles Milence, a joint venture between Daimler Truck, Volvo Group, and TRATON GROUP, has been chosen by the Port of Antwerp-Bruges to develop two cutting-edge charging hubs at the Truck Parking Goordijk and Ketenis. Milence is now constructing Europe's largest public charging network for all battery-electric heavy-duty vehicles. The Antwerp Port hubs, which are set to debut in May 2024, will consist of
New super post-panamax cranes to enhance Seattle's Terminal 5 handling capabilities Seattle Terminals (SSA Terminals), SSAT/ST (LLC) and the Northwest Seaport Alliance (NWSA) have received two ZPMC super post-panamax cranes to Seattle's North Harbor. After a few weeks of travel from Shanghai to Seattle, the cranes completed their voyage across the Puget Sound, reaching Elliott Bay on Friday 17 November. These two newly arrived cranes are now alongside four super post-panamax cra
MSC announces rotation change of Santana service MSC will change the port rotation of its Santana service as part of its ongoing efforts to simplify services for greater schedule reliability and competitive transit time. The updated service rotation will take effect with the sailing of the 13,100 TEU container ship MSC Benedetta and will be as follows: Yantian (China) - Ningbo (China) - Shanghai (China) - Qingdao (China) - Busan (South Korea) -
ICTSI South Pacific terminals handle largest ships to call Papua New Guinea South Pacific International Container Terminal (SPICT) and Motukea International Terminal (MIT), International Container Terminal Services, Inc.'s (ICTSI's) operations in the ports of Lae and Motukea, respectively, established a record as they welcomed the largest boxship to ever dock in Papua New Guinea and the Pacific Islands region. The 2,754 TEU gearless vessel Kota Gabung made its inaugural
Maersk halts operations in Syria A.P. Moller - Maersk has decided to formally wind down its operations in Syria effective from 1 December 2023. "This means we will no longer offer shipments to or from any destinations in Syria," confirmed the company in a statement. Consequently, bookings to/from Syria will no longer be accepted from 1 December and Maersk vessels will no longer call Syrian ports. The final Maersk vessel to call
Box lines' margins worsen past pre-Covid levels The largest liner operators' latest financials show that their average operating margins have plunged to a very slim 1.5% in Q3 2023, lower than the average of 2.4% in 2019, the year before the Covid-19-fuelled boom began, according to Alphaliner. China's COSCO Group continued to lead the pack for another quarter, with an operating margin of 15.8%, assisted by a sweeping cost-cutting programme wh
Kalmar and Brasmaq continue long-term partnership with new reachstackers order Kalmar, a Cargotec company, has secured an important order to provide Brazilian equipment leasing service firm Brasmaq Portuaria with 21 Kalmar Essential reachstackers. The first batch of four reachstackers is scheduled to be delivered by the end of the fourth quarter of 2023, with the second group of 17 in the first quarter of 2024. Brasmaq, based in the southern Brazilian coastal city of Itaja,
KPI OceanConnect delivers biofuel blend to OOCL vessel KPI OceanConnect, a global provider of marine energy solutions, announced the successful sale and supply of a B24 biofuel blend to COSCO-owned ocean carrier Orient Overseas Container Line (OOCL). The fuel delivery was coordinated by KPI OceanConnect's team in Singapore and the fuel was delivered by barge to OOCL's boxship while it was docked in Singapore. The fuel delivered was a blend of Used Co
Maersk signs green methanol offtake agreement with Goldwind The offtake agreement between Danish ocean carrier Maersk and Chinese developer Goldwind reaches into the next decade and marks the first large scale green methanol offtake deal for the global shipping industry. In particular, Maersk aims to reach net-zero greenhouse gas emissions by 2040 across its business and believes the record-high volumes can annually propel more than half the methanol-enab
Mersin International Port unveils US$455 million project to boost container capacity Mersin International Port Management (MIP), a joint venture between PSA International, Akfen and IFM, launched a US$455 million East Med Hub 2 (EMH2) Project on 17 November. EMH2 is expected to increase the capacity of MIP's Mersin terminal from 2.6 million TEUs to 3.6 million TEUs. The quay will be expanded by 380 meters, bringing it to a total length of 880 meters and a draft of 18 meters. This
Running out of time to bring capacity down, reports Sea-Intelligence Danish maritime data analysts of Sea-Intelligence looked at the post-Golden week capacity deployment on Transpacific and Asia-Europe in the 42nd week of the year and saw significant overcapacity on both trades. Absent any serious demand growth, the analysts expected that the carriers would announce a host of blank sailings to counteract this supply-side growth, but four weeks on, hardly any new b
Hapag-Lloyd opens new technology center in India German shipping company Hapag-Lloyd opens today (22 November) its new technology center in Chennai, India, where a team of 180 IT professionals will develop software solutions for the maritime industry. Housed in the World Trade Center Chennai, the Hapag-Lloyd Technology Center (HLTC) will be operated as part of a joint venture that Hapag-Lloyd established with the Indian technology company Solve
Port Houston approves FY 2024 capital plan and operating budget On 13 November, the Port Commission of the Port of Houston Authority held its annual Budget Workshop, approving Port Houston's current US$745 million capital plan and US$428 million operating budget to lead staff in operating and managing facilities and operations for Fiscal Year 2024. Port Houston's capital plans will continue to expand container capacity and renovate the General Cargo facility
Top Ships scores bumper rates in multi-year deal for VLCC pair Greek tanker owner and operator Top Ships has sealed charter extensions at improved rates on two of its very large crude carriers. The Nasdaq-listed company has fixed the 2022-built Julius Caesar and Legio X Equestris to Trafigura for three years at $41,500 per day - up from a dayrate of $36,000 that each ship earned ...
Altera Shuttle Tankers bags TotalEnergies charter deal Altera Shuttle Tankers has landed a deal with French energy major TotalEnergies for the charter of its 2013-built suezmax . The company did not disclose the value of the contract for the 154.000 dwt vessel but said it was for one year, with extension options for an additional year. The shuttle tanker arm of Brookfield ...
Maersk ships to stop calling at Syrian ports Maersk is halting all shipments to and from Syria due to growing challenges in complying with sanctions. The Danish liner giant will formally wind down its operations in Syria and no longer call its ports from December 1, 2023. The war-ravaged Syria has been under sanctions by the European Union, the US, the UK, Canada, Australia ...
Iran seeks to nix dark shipping terminology Iran is proposing amendments to a draft resolution on dark shipping at the upcoming meeting of the International Maritime Organization (IMO) Assembly. Several concerns have been raised at IMO meetings about an increase in ship-to-ship (STS) transfers at sea, particularly instances of ships engaging in so-called dark operations to conceal their whereabouts. The issue was ...
Genco dabbles in the secondhand market New York-listed Genco Shipping & Trading is back in the secondhand market, sealing its first purchase in years, tabling some $43m for the 2016-built scrubbed-fitted cape, named , sold by Korean outfit Sinokor. Brokers also link the Manhattan-based mammoth to a sister ship named Comanche. The same price tag has been attached to this deal. ...
Euronav shareholders approve CMB's plans for alternative future of European tanker giant Shareholders yesterday gave their approval to the new-look Euronav, paving the way for the Saverys family to carve out a new future for one of Europe's best known tanker brands. After a two-year battle for control of the Antwerp tanker giant, Famatown Finance, John Fredriksen's finance vehicle, along with Frontline, his tanker firm, announced a ...
China Merchants makes first Southeast Asian terminal acquisitions China Merchants Port has made its first investments into Southeast Asia, forking out HK$480m ($61.5m) to acquire an 85% stake in Indonesia's Nusantara Pelabuhan Handal (NPH) from Episenta Utama Investasi. NPH operates two box terminals in Jakarta's largest port, Tanjung Priok, and one in Bangkok, with a combined capacity of 1m teu. China's two state-backed ...
AD Ports closes in on $2bn deal to buy Indonesia's Meratus Fast expanding AD Ports from Abu Dhabi is tipped to be finalising a deal to buy Indonesia's top container shipping line, Meratus, in a deal thought to be worth $2bn. The family-held Meratus has been up for sale since July. According to Alphaliner, Surabaya-based Meratus runs a container fleet of more than 60 vessels between ...
Maersk Supply Service extends ties with The Ocean Cleanup Maersk Supply Service, A.P. Moller - Maersk and The Ocean Cleanup have agreed to extend their collaboration aimed at ridding the world's oceans of plastic. The Ocean Cleanup, an international non-profit organisation, has been testing different technologies since 2018 and has now established a system that can consistently capture significant quantities of plastic from the ...
Mats Berglund returns to Pacific Basin Mats Berglund, the former CEO of Hong Kong's Pacific Basin, has made a return to the company he led for nine years. The dry bulk company - now headed by Martin Fruergaard - announced yesterday that Berglund will take on a non-executive director position. Also joining as an independent non-executive director is Alexandre Emery. Berglund ...
Well-Safe Solutions seals BP decom deal Aberdeen-headquartered decommissioning specialists Well-Safe Solutions has inked a global master agreement with BP. The deal, lasting until at least September 2026, with two one-year contract extension options available, will see the company provide project management, well engineering, engineering design and well decommissioning services. "This multi-year contract will see us deploy our Well Dec
Equinor and BP's US offshore wind project presses ahead Empire Offshore Wind, a joint venture between Equinor and BP, has secured approval for its offshore wind farm project on the US East Coast. The project is the sixth commercial-scale wind farm to be given a go-ahead under President Joe Biden's administration. Equinor and BP plan to build two offshore wind farms the Empire Wind ...
Maersk seals large green methanol fuel supply deal in China Maersk today announced a long-term green methanol off-take agreement with Chinese developer Goldwind for annual volumes of 500,000 tonnes. The deal starts from 2026 and is the largest to date in Maersk's global search for methanol supplies to keep its growing fleet of methanol-powered boxships under construction in Asia topped up. The volumes combine a ...
World's largest coal port faces blockade this weekend This weekend a protest group called Rising Tide aims to create the largest peaceful civil disobedience protest for climate action in Australia's history at the world's largest coal port in Newcastle. Thousands of people are due to come together to blockade ships for 30 hours. "We're demanding that our governments stop allowing new coal projects, ...
The Captain's Table finals to be broadcast live on Splash The Captain's Table, shipping's pre-eminent pitch competition, is set for its biggest showcase to date with the finals due to be broadcast live on Splash. The finalists facing the judges this year are 123Carbon, a Dutch digital decarbonisation start-up, Crewdential, a seafarer well-being/SaaS solutions provider from Guernsey, ESG NRG, a decarbonisation/sustainability specialist from Norway, India
What future for Hong Kong's port in the 2020s? Dr Jonathan Beard, a partner at EY Infrastructure Advisory, defines the city's port role going forward as part of our brand new magazine looking at Hong Kong maritime. Two years' ago I wrote an article for this publication, titled "Hong Kong Port and the Greater Bay Area (GBA) in the 2020s - Defining a Role ...
Have your say! The Shipping Outlook Survey: 2024 and beyond Have your say in our annual Shipping Outlook: 2024 and beyond survey, where we assess market sentiment on the key...
High-risk Israel-linked vessels receiving Red Sea naval support Ships considered to be high-risk targets with links to Israel are diverting around the Cape of Good Hope to avoid...
UK-owned ship facilitates first international export from Russian occupied Mariupol The reluctance of governments to target Russia's grain trade with sanctions has enabled the expansion and growth of its operations
Elevated newbuild prices good for tanker fundamentals, says Stena Bulk's Hånell Stena Bulk chief executive says its understandable how many tanker owners are refraining from investing in new ships given the...
Israeli owners may face war risk rate hike after car carrier capture Red Sea transits unavoidable for Suez Canal users and even a rise of a fraction of a percentage point could...
Cosco leasing head Liu Chong caught in China's anti-graft dragnet Incident continues a trend of senior Chinese shipping figures frequently falling prey to a nationwide anti-corruption drive in recent years
Box outlook for 2024 remains volatile Container volumes will continue to recover in 2024, but traditional large import markets will continue to see weak demand. Shippers...
Panama conditions start to affect container sector Until now carriers have been largely protected from the impact of restrictions on the Panama Canal. But new cuts to...
Skuld and Japan Club announce 2024 pricing Renewal round will see lowest percentage price increases in four years
Maersk signs methanol supply deal with Chinese company Maersk said this new deal will help it stay aligned with the 1.5°C global warming goals as well as its...
Daily Briefing First Greece-owned tankers return to load Venezuela oil since easing of US sanctions | Euronav prepares for strategic shift following...
Soft US import volumes crimping container availability for agricultural exports With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.
Virginia's resins export market gets boost with new $60 million investment The Norfolk expansion plans from resin logistics specialist Katoen Natie come as more plastics production is going onstream in the Northeast US.
Sharp rise in Asia-Europe Q3 volumes discounted by last year's import slump On its own, the growth in container volumes on Asia to Europe trade lanes in the third quarter was impressive, but it compares with the steep slowdown in imports last year by overstocked retailers.
Soft import volumes crimping container availability for US agricultural exports With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.
Maersk inks new methanol sourcing deal with Chinese supplier The carrier's largest alternative fuel deal to date will be enough to drive half the methanol-powered ships on its orderbook.
Maersk's Morten Bo Christiansen says green methanol supply from China is the 'real deal' Latest 500,000-tonne-per-year deal signifies first binding contract for large supplies of renewable green methanol
Opec+ delays talks amid wrangling over production cuts Analysts had expected further supply cuts led by Saudi Arabia as global prices decline from September highs
In Galaxy Leader hijacking, seafarers find themselves in the geopolitical crosshairs - again Middle East conflict, like Russia's war on Ukraine, means workers at sea face the barrel of a gun
Maersk shuts down Syrian operations due to sanctions challenge Line says business activity has become too restricted
Broker's omission leads to ITIC paying tanker's war risk premium Insurer forced to cover for error in conveying quotation from shipowner
Bullish NorthStandard adds up the benefits of merger New P&I giant says it is seeing financial gains but wants 5% more premium at the upcoming renewal
Iran oil plotters admit sanctions-busting bribe plan to US undercover agent Two men face jail terms of up to 45 years each after convictions for sanctions-busting and money laundering
Tonnage provider Seaspan dodges boxship sector implosion Long-term charters are protecting giant tonnage provider from slump in rates, so far
Seapeak sheds more LPG and multigas carriers as it hones fleet Shell takes up first optional period with November 2024 start date on LNG carrier
Comment: US targets individual vessels as new sanctions battle front opens Analysts say the tactic is likely to increase in the coming months as Russian fossil fuel revenues climb
Altera Shuttle Tankers strikes charter deal with TotalEnergies as loss grows UK tanker owner reveals one-year contract but earnings hit by drydocking and ship sales
Oversupplied AHTS market pushes Viking Supply Ships' bottom line into red Swedish offshore owner posts loss after disappointing summer
Abu Dhabi Ports linked to $2bn swoop for Meratus bulker and container ship fleet Expanding Abu Dhabi terminals and shipowning group reported to be in serious takeover discussions
Maersk signs 500,000-tonne green methanol offtake deal Agreement with China's Goldwind is part of its plans to secure a global supply for future fleet
Crew abandons listing Japanese ro-ro after it hit underwater rock The Suou was taking on water after the incident on Tuesday
Maersk inks 500,000-tonne green methanol offtake deal Agreement with China's Goldwind is part of its plans to secure a global supply for future methanol-powered fleet
Profitable Eidesvik Offshore about-face on write-downs drags on bottom line Owner boasts 100% utilisation for supply fleet and touts improving market
Iranian 'spy' ship may have targeted seized Galaxy Leader Behshad cargo ship replaced a similar vessel in 2021 that was damaged in a suspected Israeli limpet mine attack
Glencore takes d'Amico tanker on mammoth journey to avoid Panama Canal delays High Loyalty sailing round South America to New York from Chile
Maersk shortlists two shipyards for 12-strong series of sub-panamax boxships Sources also suggest that liner giant is considering a fuel switch for the $840m orders
Skuld targets 5% increase in premium as market conditions improve Norwegian insurer is at the lower end of planned increases from P&I clubs
Ceasefire and aid in Gaza is key to release of Galaxy Leader, Houthis say Supreme council member says 'America and Israel' must stop killing Palestinians
Ocean Yield set to profit as Navig8 and Okeanis buy back tankers Leaseback specialist says purchase options have been declared for LR2 and suezmax
Common threads pull Stainless Tankers' Alex Karakassis' quiet shipping career along Chemical tanker owner CEO followed one opportunity to the next to get to current post
PSA-backed Turkish terminal looks to add a million teu in extra capacity Company says expansion will enable it to handle two ultra large container vessels simultaneously
NYK inks rare VLCC order as Japan's newbuilding drought continues Shipping giant's VLCCs are the first to be inked by a Japanese shipyard this year
Stainless Tankers promises to stick to the script for its stint on the Oslo Stock Exchange Tufton-backed chemical tanker owner has little ambition beyond this next market cycle
Costamare bulker captain stabbed in October Malacca attack While incidents involving weapons and violence raise concerns, they nonetheless remain anomalies, says analyst
Wanhua Chemical doubles down on giant ethane carriers Polyurethane producer raises its order tally to six very large ethane carriers
Podcast: The next steps in making Bangladesh's ship recycling sector greener Audio edition of Green Seas interviews Norwegian ambassador in Dhaka about Oslo's effort to clean up shipbreaking
Israel-Hamas war impacts Freightos operations as losses persist Israeli cargo reservation platform Freightos is struggling to make money in a bad freight market and now faces the extra challenge of operating in the middle of a war zone.
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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