FSG newbuild RO/RO heads out for sea trials German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) reports that its newbuilding 782 has left the Flensburg Fjord and set course for Bremerhaven. The ship, the 210-meter long RO/RO ferry Tennor Ocean, is being built
USCG responds to tugboat grounding The Coast Guard is responding to a tug boat that ran aground near the South Texas Gateway refinery in Corpus Christi. Coast Guard Sector Corpus Christi command center watchstanders received a call
Maryland Pilots back at Gladding-Hearn for a fifth launch The Association of Maryland Pilots has ordered its fifth Chesapeake Class launch from Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass. Delivery is scheduled for early 2024. With a deep-V hull designed by Ray
VIDEO: NorthStandard P&I merger set to trigger The merger of two major players in the marine mutual insurance market - North P&I and Standard Club - is set to come into effect on February 20, establishing NorthStandard as one
Georgia Ports appoints former Wallenius Wilhelmsen executive as vice president of sales Flavio Batista is the new vice president of sales and marketing at the Georgia Ports Authority. Batista has also worked as executive vice president and head of commercial activities for Europe, Africa and the Middle East at Wallenius Wilhelmsen Logistics (WWL), based in Antwerp, Belgium. Prior to his time at WWL Europe, he was vice president for WWL in Sao Paulo, Brazil, responsible for South Ame
APM Terminals Moín welcomes 4,000th vessel Moín Container Terminal (TCM) in Costa Rica welcomed its 4,000th vessel on 13 January after approximately four years since its inauguration in 2019. The Limón-Moín Port complex can accommodate ships with greater draught, up to 8,500 TEUs, thanks to infrastructure improvements that have been made during the last three years. Victor Konen, commercial director of APM Terminals Moín, stated that thes
HR Lines acquires two more ships to operate on intra-Asia routes HR Lines, Bangladesh's lone flag carrier container vessel operator, has acquired two more boxships and will soon deploy them between Chittagong and the transshipment ports like Colombo in Sri Lanka, Singapore, and Port Klang in Malaysia. The two new vessels, HR Turag (1,100 TEUs) and HR Balu (1,700 TEUs), brought the total number of container vessels owned by the operator to eight, having a combi
PD Ports announces additional sailings for intra-Europe service PD Ports, owner and operator of Teesport in the United Kingdom, has announced the addition of a weekly sailing between Rotterdam (Netherlands), Botlek (Netherlands) and Teesport thanks to continued collaboration with shipping line A2B-online. This particular service has been connecting Europe and the UK successfully since 2018. The purpose of the expansion of the service, which will start from th
Port of Liverpool, top logistics hub in the United Kingdom According to a new survey, the Port of Liverpool is the top port-centric logistics hub in the United Kingdom. In its newest Future Gazing study, property consultancy Knight Frank analysed and assessed 41 UK ports based on 13 factors, measuring their potential for future logistics investment and expansion. The Port of Liverpool topped its table after ranking first for expected export growth and ra
Port of Gothenburg sees container growth The Port of Gothenburg handled 885,000 TEUs in 2022, a 7% increase from the previous year with Maersk-owned operator, APM Terminals, handling the majority of the Swedish port's container volumes. The box throughput of the port also increased by 8% in the fourth quarter of the last year, marking the ninth consecutive quarter of growth. In 2022, the whole Swedish container market remained constant
DP World Logistics takes delivery of three 40-tonne E-trucks DP World Logistics has received three 40-tonne E-trucks and became one of the first firms in Germany to provide zero-emission door delivery using such heavy-duty E-trucks. In this way, DP World Logistics said it can meet customers' increasing demand for sustainable logistics solutions. The DP World E-trucks will be powered by renewable electricity and will have a range of up to 400 kilometres. "T
Huawei to assist Tianjin Port with digital transformation and terminal upgrade Tianjin Port Group and Huawei, a China-based provider of information and communications technology (ICT) infrastructure, will expand their collaboration to create a digital twin of the Chinese port. Yang Jiemin, vice president of Tianjin Port Group, explained that the digital twin of the port will include the construction of new automated terminals, the updating of existing terminals, and the dig
Thome Group transitions at least 100 vessels to Marlink services Singapore-based ship manager Thome Group has signed an agreement with smart solutions provider Marlink in order to provide hybrid network connectivity services to at least 100 of its vessels. The vessels will be equipped with Marlink's high speed VSAT service as well as L-band back-up to ensure flexible guaranteed bandwidth at all times. The agreement is also expected to ensure that vessels opera
Update on DNV software cyber attack On the evening of 7 January, DNV's ShipManager servers suffered a ransomware cyber-attack . The DNV experts shut down the servers immediately in response to the incident. DNV said that all vessels can still use the onboard, offline functionalities of the ShipManager software, while other systems onboard the vessels are not impacted. "The cyber-attack does not affect the vessels' ability to operat
Singapore jails 11 tug crewmen for gasoil theft Eleven crew members on two tugs were jailed between six weeks and four months on 20 January in Singapore, for stealing 4,200 litres of gasoil from one of the vessels. The incident occurred on 21 December 2022, when the tugs, Singapore-flagged PW Iota, owned by PACC Offshore Services Holding, part of Malaysian conglomerate Kuok Group, and Mongolia-flagged Banyu, were docked next to each other at I
India considers new maritime guidelines to weed out aging ships The Indian government is tightening rules on aging ships sailing into its waters. The Directorate General of Shipping (DG Shipping) of India is reportedly in the final stages of issuing new guidelines to deny port entry for multi-purpose vessels, tankers and bulkers that are older than 25 years. For fully cellular container ships, the age ceiling has been proposed at 30 years, according to indust
Italian box terminal enhances operations with Liebherr equipment Salerno Container Terminal (SCT) has added the new LHM 600 HR crane of Liebherr to its container handling equipment, which offers an outreach of 58 metres and twin-lift spreaders with a capacity of 2 x 32.5 tonnes. The new machine is outfitted with a tower extension of 12 metres, while cranes of this variety have a higher cabin, which is 37.1 metres. The pivot point is also higher, allowing for l
Post-panamax container ship leaks fuel oil in Vancouver's English Bay The Canadian Coast Guard reported that they tracked a slick of approximately 60 to 100 litres from the initial release of fuel from the 8,500 TEU container ship Europe owned by Danaos Corporation. Danaos representative confirmed the incident pointing out that the flow of oil has stopped. The investigations about what caused the oil spill are still ongoing, according to the Greek company's spokesp
Grimaldi firms up car carrier options in China Italy's Grimaldi Group has exercised the option for five pure car and truck carriers at China Merchant Industry Holdings, bringing the total number of PCTCs ordered by the Neapolitan owner in less than three months to 15. The newbuilds, which will be ammonia-ready, will add to the five firm 9,000 ceu units already on order ...
Man goes missing from Valaris rig in UK North Sea A major search operation was launched Sunday night after a worker fell overboard from the jackup rig in the North Sea. A 50-year-old man was reported missing at about 21.00 hrs local time some 160 km southeast of Aberdeen, while the rig was on its way to Dundee. Nearby vessels, a Coastguard rescue helicopter and ...
Navios Partners secures $44m debt refinancing Angeliki Frangou's Navios Maritime Partners has secured a $44.2m loan deal with Maritime Finance, part of First Citizens' CIT division. Greek diversified owner will use the proceeds secured by product tankers to refinance existing debt, First Citizens said. "We previously worked closely with Maritime Finance and we have come to value their expertise in arranging ...
RINA expands US footprint with Patrick Engineering acquisition Italian class society RINA has acquired US multi-disciplinary engineering consultancy Patrick Engineering. The Chicago-based firm, with 340 employees active in infrastructure, transport and renewable energy, will be fully integrated into RINA Consulting, the subsidiary of RINA operating in the engineering sector. Ugo Salerno, chairman and CEO at RINA (pictured left), said the acquisition represen
Noble reveals multiple new drillship contracts New York and Copenhagen-listed offshore driller Noble Corporation has revealed several new drillship contracts. According to the company's latest update, the 2011-built drillship Noble Gerry de Souza is set to start a new nine-month contract for an undisclosed operator in Nigeria with unpriced options extending into Q3 2024. Meanwhile, three floaters have secured work with ...
Third e-methanol plant on the cards for Sweden Swedish power-to-fuel player Liquid Wind has partnered up with compatriot energy firm Umeå Energi to build Sweden's third e-methanol plant for shipping fuel. Following a feasibility study, the partners have decided to establish a facility at the Dåva cogeneration plant in Umeå capable of producing 100,000 tons of green e-methanol per year and capturing 230,000 ...
Ice-class tanker tonnage prices show no sign of easing Vintage ice-class tanker tonnage is still favoured by a battalion of cash-hungry, opportunistic unidentified owners willing to pay staggering prices. Over the weekend, brokers noted that Thenamaris' fleet sale continues. Multiple brokers report that the Greek player is selling the Hyundai-built, ice class 1A, 117,000 dwt, 2006-built Seamagic, with a price tag of $47m attached ...
Shipyards faced with vexing capacity issues Shipbuilding executives have difficult decisions to make about business expansion this decade despite widespread belief that the global merchant fleet will be in urgent need of a major renewal in the coming years. The number of shipyards has contracted massively from the boom years of the first decade of the 21st century with the sector ...
PGS awarded more work in the Mediterranean Norwegian offshore seismic acquisition specialist PGS has won a new 3D survey contract in the Mediterranean region. The 2017-built Titan-class vessel is mobilising for the survey which should complete in late April. PGS has built a solid acquisition campaign in the Mediterranean through the winter season and this will be the vessel's third sequential survey. ...
Saipem secures decommissioning work in UK North Sea Italy's Saipem has secured a contract from UK-based operator EnQuest to remove the upper jacket that has supported its Heather platform in the North Sea. The contract covers all the engineering, preparation, removal, and disposal of the upper part of the jacket in accordance with the submitted decommissioning programme, EnQuest said. Saipem will deploy its 14,000t ...
ExxonMobil taps Helix for Australia decommissioning ExxonMobil has chartered the semisubmersible vessel to support decommissioning activities in the Gippsland Basin offshore Australia. Under a contract, with undisclosed value, Helix Energy Solutions will provide the 2019-built well intervention unit from the end of the year. The vessel will become the fourth mobile offshore asset added to the Gippsland Basin decommissioning fleet, joining ...
Fredriksen adds to Euronav shareholding Stock market releases show John Fredriksen is not relenting in his Euronav share build-up. The Norwegian shipping tycoon officially abandoned his bid to combine his tanker firm Frontline with Euronav earlier this month, but has since then accumulated more and more shares in the Antwerp-based company. Last week, Fredriksen via his various investment vehicles, bought ...
Ton-mile demand generated by Russian crude oil exports has tripled since the start of the war with Ukraine Analysts at New York-based tanker brokers Poten & Partners have crunched the numbers to highlight how dramatically Russia's oil exports have changed in the 11 months since the start of the invasion of Ukraine. Contained in a new report are many startling statistics which neatly encapsulate how the tanker trades were turned on their head ...
Work progresses on wreck removal off Gibraltar Salvors are finally getting to work to remove the wreck of the , a bulk carrier involved in a collision and subsequent grounding in Gibraltar last August. Gibraltar authorities have given salvors until the end of May to remove the wreck. The ship is on the seabed some 700 m from the shore, and is ...
Shipping presses EU for future fuels clarity Leading companies from across Europe's fuel production chain have joined with NGOs to press the European Union's legislators to provide the clarity and certainty they need to make long term investments in the renewable fuels required for the clean energy transition. In a letter to the EU Council, Parliament and Commission, 47 entities, representing the ...
Danaos boxship spills oil off the coast of Vancouver Danaos-owned post-panamax container vessel has spilled 60 to 100 litres of fuel in Vancouver's English Bay. The Canadian Coast Guard was informed of the spill on Saturday morning. It has deployed a boom to limit the spread of the oil. A spokesperson for the Coast Guard said on Sunday morning: "We anticipate the fuel has ...
Environmental organisations sue Department of Transportation over approval of oil export facility offshore Texas Several US environmental and community groups have sued the US Department of Transportation over its approval of the Sea Port Oil Terminal (SPOT), a proposed Gulf Coast deepwater oil export facility off the coast of Brazoria County, Texas. SPOT would be the largest offshore export terminal in the US, with the capacity to export 2m ...
Ship recycling prices firm as market stabilises Indian ship recyclers remain the preferred choice for owners and cash buyers, due to continuing letter-of-credit problems with Bangladeshi and...
US grants $20m in funding to develop small shipyards A set of funds has been allocated to help modernise small shipyards and train the workforce. More than 100,000 Americans...
Lack of 'real' green solutions leaves shipping hanging, say London Greeks Answers to decarbonisation are 'still awaited' from engine makers and yards, according to Haralambos Fafalios
Bumper earnings expected for tanker owners While container earnings weaken, dry bulk should emerge from the doldrums as China recovers
Blankings fail to halt Chinese New Year container freight rates slide Box lines usually expect a lift before the Chinese New Year holiday. This year, that has failed to emerge, despite...
P&O Ferries retrenches from North Sea as it off-hires chartered ships Passenger and freight shortsea vessel operator appears to have no plans to replace time-chartered ro-ro cargo ships after taking the...
Seanergy chief sends signal with 'accelerated' share purchases Greece-based bulker company is seeking shareholder approval for a reverse stock split
Torm linked to long-range tanker buys The purchases, picked up for a small premium, would boost Torm's long range one vessel count to 16, overtaking its...
The week in charts: Boxship sales increase | Ship groundings mapped | Guinea bauxite shipments boost capesize trade Throughput at major US west coast ports normalises after a record 2021; half of Ukraine's exports transported by sea in...
Changing lanes: UK box growth lags European neighbours post-Brexit While trade with the EU has risen steadily, volumes in and out of the UK are down on pre-Brexit levels
The week in newbuildings: Resurgence in new tanker orders Newbuilding activity has been buoyant in the past week, with 12 separate new orders recorded recently from the gas, multi-purpose...
UK competition body seeks input on block exemption regulation UK retained the European consortia block exemption regulation after it left the EU. Its competition regulator is now recommending the...
Rina seals US acquisition to boost growth in evolving market Class society has shown double-digit growth by moving away from a concentration on just one market
Daily Briefing There's a bad smell around the bunker sector. And it isn't just the product | Shipping banks on China for...
US truck freight recession is here, but not to stay: SMC3 Truckload and LTL freight volumes have dropped, but a turn will come sometime in mid-2023, industry executives said at the SMC3 Jumpstart conference in Atlanta.
US inventory drawdown key to trans-Pacific volume recovery: analyst While there are encouraging signs regarding general merchandise retailers seeing their inventories-to-sales return toward pre-COVID levels, data suggests many sectors have a long way to go before their inventories-to-sales come back to pre-pandemic levels.
Vietnam sees surge in deep-sea vessel capacity amid trade sourcing shift With an increased focus by importers on geopolitics and "friend-shoring," carriers are shifting an increasing volume of deep-sea vessel capacity away to Vietnam - and away from China.
Carbon pricing needs reform to address 'skewed' trade policy: WTO Dirtier products are the unintentional winners in global trade where cleaner finished goods pay higher tariffs, resulting in an effective "subsidy" of polluting commodities, according to the World Trade Organization.
US looking to pressure China into foregoing Iranian oil imports US official says efforts to stop China from buying crude oil from Iran will intensify
Dry bulk market continues to fall as Chinese New Year sets in Average spot rates across dry bulk shipping have been falling for a month
VLCCs with scrubbers forecast to out-earn those withoutthanks to wide bunker spreads BRS Group believes low sulphur fuel and marine gasoil will get more expensive in the coming months thanks to the European Union's Russian product embargo
Earnings kickoff: Tankers closed 2022 with a bang and dry bulk with a whimper Public shipowners will begin closing the books on 2022 with earnings reports this week, with outlooks differing depending on the sector
Greek owner cashes in on aframaxes as sweet asset plays become habit for Avin Profitable Greek tanker selling makes headlines for Vardinoyiannis family company in yet another week
Greek owner cashes in on aframaxes as breathtaking asset plays become habit for Avin Profitable Greek tanker selling makes headlines for Vardinoyiannis family company in yet another week
Iran aims for record crude exports despite sanctions Parliament approves budget with crude exports at highest levels since the start of Donald Trump's 'maximum pressure' campaign
Restis clan switches newbuilding focus back to suezmaxes at Daehan After a string of MR newbuilding deliveries, Greek owner renews its fleet with a sprinkling of suezmaxes
Restis switches newbuilding focus back to suezmaxes at Daehan After a string of MR newbuilding deliveries, Greek owner renews its fleet with a sprinkling of suezmaxes
Debate on noise rules being mandatory or not gets louder as IMO meeting starts Environmentalists want ships' underwater noise rule revisions to be made compulsory, as some member states argue the opposite
Italian class society Rina expands through US acquisition 'Unique opportunity' to help class society grow
Boxer accused of key role in drug scandal engulfing MSC faces his toughest fight Former heavyweight boxer sits in a New York detention centre on charges of coordinating logistics between South America and Europe
Term LNG carrier rates ease slightly as spot levels continue their dramatic falls Charterers are grappling with uncertainty over winter 2023-2024 amid unexpectedly high European storage levels but remain burned by 2022
Bulk carrier stocks shake off capesize gloom to lead the way in 2023 Clarksons Securities says dry cargo owners' share prices have beaten the general market and other shipping sectors
Pacific Basin finance chief Peter Schulz leaves for personal reasons Experienced executive joined bulker owner as CFO in 2017
G7 to review price caps in March as new upheaval looms Discussions over levels for new cap on Russian refined oil exports as Europe tries to put squeeze on Moscow
Evalend piles up VLGC newbuilds at KSOE with two more options Greek owner in high-stakes play, assembling fleet of unfixed large gas carriers
Bulker backlog: Russia denies slowing down Ukraine grain ship inspections US aid agency says vessel checks have dropped to half their peak rate
Bosphorus traffic halted after Vroon anchor-handler hit by rudder failure Vos Apollo was towing a barge when it got into difficulty
Tsantanis tackles investor 'reluctance' to buy Seanergy shares Stock split and more buybacks are designed to bolster share price in the US
Dig for victory: why excavator sales in China may signal capesize rally Research suggests China's economy is set for short-term challenges, but its construction industry is positioning itself for growth
Tsantanis tackles investor 'reluctance' to buy Seanergy shares Stock split and more buybacks designed to bolster share price of Greek owner in the US
Progress on OS 35 salvage as cranes head for Gibraltar First phase of operation is underway with the removal of cargo
Eitzen steps in to buy Hoglund Marine after scrapped HAV Group takeover Norwegian shipowner becomes majority shareholder in the automated and energy solutions provider
MSC-chartered Danaos container ship spills fuel off Canada Coast guard launched a containment operation
Aponte's MSC pushes ahead with container ship newbuildings despite rate downturn The liner operator has booked 10 LNG dual-fuelled neo-panamax boxships at Zhoushan Changhong
GTT wins appeal to suspend South Korean court decision on its LNG tank work Earlier ruling that would have allowed shipyards to split technology license from technical assistance now on hold
Newbuilding order volumes down almost 40% in 2022, says Clarksons However, more complex ships meant the value of orders was up 6% to $124.3bn
Torm tied to seven LR1 ships in secondhand buying spree Danish owner splashes the cash in niche segment of the product tanker fleet in deals worth nearly $240m
SCMA's Bernice Yeoh restarts Asia outreach campaign after pandemic restrictions The Singapore Chamber of Maritime Arbitration executive director is targeting growth and greater diversity
CargoX proof of concept showcases interoperability for global trade eBOLs "We are proud to be part of this first-in-history interoperability launch between eBOL platforms," said CargoX founder and CEO Stefan Kukman.
Gulf Coast ports see record container volumes in 2022 Steel, crude oil and refrigerated shipments rose as ports in Texas, Louisiana and Alabama recorded increased freight volumes in 2022.
Rough start to 2023 for dry bulk, tanker, gas, container shipping Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?
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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