Victoria Clipper ferry faces Labor Day weekend strike Canada's largest private sector labor union, Unifor, says that its Local 114 members at the Victoria-Seattle ferry service have voted 100% in favor of taking legal strike action on Sunday, September 3
Traffic resumes after Suez Canal collision According to local media reports, traffic has resumed after a Suez Canal collision involving a 174,000 cubic meter LNG carrier and a 115,000 dwt crude oil carrier. Today, Suez Canal Authority (SCA)
GLDD wins Port Arthur LNG dredge and disposal contract Bechtel Energy Inc. has awarded Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) the marine dredging and disposal contract for Phase 1 of the Port Arthur LNG project. Bechtel is managing the
Port Houston reports record July for TEU volumes Port Houston has announced record container volumes in July with a total of 344,163 TEUs, a 5% increase from July 2022. Additionally, 2,202,538 TEUs were handled at Port Houston terminals during the first seven months of the year, translating to a slight 1% decline over the same period in 2022. In July, loaded import volumes at Port Houston were 166,151 TEUs, an increase of 4% compared to last Ju
Jeddah Islamic Port achieves record monthly box throughput Saudi Arabia's Jeddah Islamic Port handled 491,197 TEUs in July, setting a new record for the largest box volume ever processed across its facilities over a 30-day period. "The latest milestone tops the previous record of 473,676 TEUs registered in June this year, continuing a trend that dates back to the previous year which saw a record 4,960,120 TEUs passing through the country's busiest port,
CMA CGM implements congestion surcharges in Turkish port Marseille-based container line CMA CGM will apply new port congestion surcharges (PCS) in the Turkish port of Iskenderun. CMA CGM will introduce a surcharge of US$200 per container for all boxes travelling from Iskenderun to West Africa. This surcharge will be effective from 25 August. Additionally, the French ocean carrier will implement a congestion surcharge of €100 (US$108) per TEU in the Tur
Port of Valencia sees container fall in July Port Authority of Valencia shows a year-over-year drop of 6.91% in the number of July containers managed by the Spanish port and a fall of 9.15% in terms of tonnage. On the other hand, the imports of boxes showed a positive trend, growing by 3.95% this month, in comparison to the same month in 2022. Additionally, the number of containers handled from January to July has increased by 2.97% reachin
Egypt launches construction works on new East Port-Said Port terminal The construction of a new terminal in East Port-Said Port, the northern entrance to Egypt's Suez Canal, commenced on 22 August, according to Chinese media Xinhua. The General Authority for the SCZone and the Sky Investment and Reliance Logistics Consortium signed the contracts for developing the port in November 2022. The two agreements cover the designing, construction, management, operation, an
MSC revises rotations of Asia to North Europe/US services MSC has announced the revision of the port rotation in two services from Asia to North Europe and the United States. The Swiss/Italian ocean carrier noted that Swan service's rotation will now include the port of Felixstowe in the United Kingdom, while it will continue to include the Polish ports of Gdansk and Gdynia. The updated rotation of the service will be: Ningbo (China) - Yantian (China) -
Maritime software provider Sea partners with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping Sea, maritime software provider, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) formalised their collaboration by signing a Knowledge Partnership Agreement. Through this agreement, Sea and the Center become official partners, committing to a long-term strategic collaboration and contribution in order to accelerate the decarbonisation of the maritime industry. As the Cente
Box lines could order modern version of Neo-Panamax vessels Ocean carriers could consider building post-Neo-Panamax (PNPX) container ships to fill the gap between 16,000 TEU and 24,000 TEU, according to Alphaliner's report today (23 August). PNPX ships, with optimised hull designs and advanced engines, could offer competitive slot costs vis-à-vis the ships in the 18,000-19,000 TEU range. Alphaliner said, "At the same time, ships of this size category will
MSC nears a stake deal with PSA for Nhava Sheva Terminal Mediterranean Shipping Co. (MSC Group) is reportedly moving close to striking a deal to pick up a minority stake in PSA International's new terminal at India's Nhava Sheva Port (JNPT). PSA Mumbai, also known as Bharat Mumbai Container Terminals (BMCT), began Phase I operations in February 2019, with a capacity of 2.4 million TEUs annually. The Singapore-based company was awarded a 30-year concess
DP World achieves revenue of US$9 billion in first half 2023 DP World has described its financial results for the first half as "resilient", with the company's chairman and CEO, Sultan Ahmed Bin Sulayem, saying that while the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors, the H1 financial performance positions DP World well to deliver a steady set of full-year results. The global port operator increased its revenue
Evergreen temporarily loses ground in TEU rankings; ready to climb higher Taiwanese ocean carrier Evergreen has lost the sixth spot in the global liner rankings by Singapore-headquartered Ocean Network Express (ONE), according to the latest data (23 August) by Alphaliner. This is not expected to be a permanent change, as Evergreen's newbuilding orderbook is significantly larger than ONE's. The Taipei-based box carrier is looking even higher, as it is very likely to sur
Tankers collide in Suez Canal, awakening memories of Ever Given nightmare Two tankers collided on the Suez Canal last night (22 August) blocking the canal traffic for a few hours. The Suez Canal Authority deployed tugboats to move the two ships and the movement along the canal resumed. The vessels involved in the accident were Burri, a Cayman island tanker, and the BW Lesmes, a Singapore-flagged LNG tanker, according to MarineTraffic. The Suez Canal Authority mentioned
SC Ports handles over 200,000 TEUs in July South Carolina Ports (SC Ports) handled 208,134 TEUs and 115,422 pier containers in July. More specifically, imports flowing into the port of Charleston outperformed US volumes with a 12% increase from June and a 3% increase year-over-year. At the same time, exports were up 9% from last year. However, total container volume was down about 4% year-over-year in July, driven by lower exports of empt
Nortrans Offshore seals accommodation contract with Exxon Mobil Singapore-based Nortrans Offshore has landed a charter deal with Exxon Mobil for its accommodation support vessel in Equatorial Guinea. The contract for the 2015-built flotel, which started this month, will last potentially up until the end of this year, the Kjell Gauksheim-led company said. The unit will be linked to Exxon Mobil's floating production, storage ...
LPG carrier captain charged over Gibraltar bunker spill The captain of the LPG carrier appeared in the Magistrate's Court in Gibraltar this week over two pollution charges relating to a bunker spill incident earlier this month. The South Korean-owned, 2017-built ship experienced an overflow of its tanks while taking on bunkers from the tanker Hercules 500 on August 1. The vessel was detained ...
Maersk Mc-Kinney Møller Centre formalises partnership with Sea Maritime software provider Sea has officially become a partner of the Maersk Mc-Kinney Møller Centre for Zero Carbon Shipping in an attempt to speed up the decarbonisation of the shipping sector. Sea is a leading provider of commercial software solutions for global maritime trade and delivers data-driven solutions that power better decisions to enable sustainable ...
Companies looking at solutions for industrial-scale CO2 shipping Five partners from Australia and Japan have signed a research and development agreement to develop solutions for industrial-scale shipping of CO2. Future Energy Exports (FEnEx CRC), JX Nippon), Low Emission Technology Australia (LETA), Mitsui O.S.K. Lines, and Osaka Gas will be looking into the feasibility and operability of low-pressure and low-temperature solutions for ship transport ...
Subsea 7 forms strategic partnership with Talos Energy Kristian Siem's Subsea 7 has signed a three-year strategic partnership with Houston-based oil and gas firm Talos Energy to deliver new solutions for subsea engineering, construction and installation projects in the US Gulf of Mexico. The deal will see both companies work together to progress EPCI opportunities by engaging early in the design and development ...
DeepOcean wins Equinor contract Norwegian subsea services player DeepOcean has secured a contract from Equinor to support the Troll B increased gas export project in the northern part of the North Sea. The project involves a replacement of the current 15-inch gas export riser with a new 13-inch gas export riser at the Troll B floating processing and accommodation ...
Cido bolsters bulker fleet with a dozen-strong order in China Cido Shipping is back to building bulkers with a massive order for 12 ships spread between two shipyards in China. The Hong Kong-based diversified owner and operator has commissioned Jiangsu New Hantong to build a quartet of kamsarmaxes and ultramaxes, with New Dayang Shipbuilding selected for another four kamsarmax units. The 82,000 dwt vessels were ...
Two missing as tanker bursts into flames off China The tanker caught fire in the Gulf of Tonkin at around 2:30 PM Beijing time on Tuesday. The tanker was loaded with 6,858 tons of diesel oil. The 7,056 dwt vessel caught fire in the cargo tanks area and it spread aft to the rest of the ship. Qinzhou Maritime Authorities responded, sending search and ...
Balmoral wins offshore wind cable protection system deal Offshore energy supply chain firm, Balmoral, has won a multi-million-pound contract award for a fixed wind cable protection system (CPS) in UK waters for an undisclosed offshore wind farm project. The company said more than 60% of current enquiries relate to renewables projects while over the past year around 40% of the order intake has ...
Panama Canal Authority sets the record straight on congestion figures The Panama Canal Authority (ACP) has moved to highlight the real congestion numbers at both ends of the waterway amid misleading reports carried in recent days suggesting there are 200 ships waiting. The ACP has updated daily data which shows that as of today there are 131 ships waiting, some 45% more than the average, ...
Greek owners pounce on more tanker newbuilds Greek owners' increased appetite for new tonnage has carried on into what is usually a seasonal slowdown in activity, with Evalend Shipping, Kyklades Maritime and even bulker pure-play Laskaridis Maritime reported to have signed for tanker newbuilds. In the suezmax sector, multiple brokers reported Japan Marine United securing an order from Alafouzos family-controlled Kyklades Maritime ...
Tetra Tech to assess marine conditions for Seadragon wind farm US engineering services firm Tetra Tech has won a three-year deal from Flotation Energy to assess marine environmental conditions for the Seadragon offshore wind farm in Victoria, Australia. Tetra Tech will conduct baseline surveys to assess the presence and conditions of marine mammals, birds, fish, and benthic and coastal processes in the proposed wind farm ...
CORE POWER forms key shipping investor nucleus The UK's CORE POWER has built up a war chest of more than $100m and is gearing up to roll out its first suite of floating nuclear applications. Formed in 2018, the company now counts 65 investors, with Splash understanding more than 60% of whom are household names in the shipping industry combining corporations, trading ...
US tightens loosened Trump-era offshore oil rig safety rules The US Bureau of Safety and Environmental Enforcement (BSEE) has announced new measures to enhance offshore rig worker safety and rescind loosened Trump-era regulations. The so-called "final well control rule" from the BSEE builds upon the historic regulatory reforms implemented by the US Department of the Interior in the aftermath of the 2010 Deepwater Horizon ...
China's Newnew adds two more ships Newnew Shipping, a Chinese liner primarily serving the Russian market, has bolstered its fleet. According to Alphaliner, Newnew, part of Chinese logistics group Torgmull, has bought the 2007-built, 4,363 teu TS Kelang for $20.8m as well as the 2007-built, 3,700 teu Northern Defender for $17m. The ships will join Newnew's China-Baltic service that calls at ...
US gives thumbs up for Revolution Wind project off Rhode Island The US Department of the Interior has approved the Revolution Wind project offshore Rhode Island, the first offshore wind farm set to feed electricity into Rhode Island and Connecticut. Revolution Wind will be located about 15 nautical miles southeast of Point Judith, Rhode Island, and have an estimated capacity of 704 MW, capable of powering ...
ONE surpasses Evergreen in global liner rankings The global liner rankings have seen another slight change, likely temporary, with Japan's Ocean Network Express (ONE) swapping places with Taiwan's Evergreen. ONE has built an approximate 8,000 slot lead over Evergreen this month to push into sixth place in the carrier rankings tracked by Alphaliner. Nevertheless, Evergreen's sizeable orderbook is expected to see it ...
Zeaborn cops $2m fine in US oily bilge water case The Singapore affiliate of Zeaborn Ship Management has been told to pay $2m in penalties after discarding oily bilge water into the ocean off the coast of California. Zeaborn admitted to dumping more than 7,500 gallons of bilge water from its vessel - called the Star Maia - at least four times between June and ...
Tankers collide on the Suez Canal A gas tanker collided with a product tanker last night on the Suez Canal with the giant 295 m long BW Lesmes LNG carrier briefly straddling both banks of the waterway in a grim reminder of 2021's Ever Given grounding incident. The Suez Canal Authority was able to quickly deploy tugboats and traffic resumed along ...
Los Angeles volumes fall in July as peak season in the San Pedro Bay struggles to takeoff Peak season has been off to a sluggish start at the ports of Los Angeles and Long Beach, where combined...
US Coast Guard charges Midshipman X engineer with sexual assault The US Coast Guard is seeking to revoke Edgar Sison's Merchant Marine credentials in a new complaint accusing him of...
Maersk Oil Trading and GCC supplied contaminated fuel in Houston Maersk confirmed that its subsidiary Maersk Oil Trading delivered contaminated bunker fuels to three of its vessels
Zim cuts services on weak results Prospect of losses is forcing Zim to rethink its services. Focus on less profitable trades has hit carrier's bottom line
Lack of suitable buyers raises doubts over HMM sale Finding the right price appears to be the biggest challenge. South Korean state-owned sellers will be redundant to sell their...
Capacity stable in most marine classes, says Lockton head Series of acquisitions sees marine now account for around a third of premiums at major independent broker
Pherousa Green Shipping and OSM Thome partner to develop zero-emissions ultramaxes Newly launched Pherousa Green Shipping partnered with OSM Thome to help design six ultramaxes that will be modified to use...
Trade appears to temporarily slow at Izmail after Russia attack There is no evidence of lasting impact on port activity and international trade continues to flow at normal levels, according...
Hanwha Ocean to raise $1.5bn for business transition This strategic transition is aimed at assisting the loss-making shipbuilder to achieve a profit of Won5trn by 2040
Focus on the voyage not just the port, says Inchcape chief Inchcape's CEO believes the future of the business lies in recruiting and retaining the best talent, which today need greater...
Eastern Pacific set to order world's first ammonia dual-fuel bulker The fuel technology is not mature, which adds a layer of uncertainty to any order. Shipyards must pre-order the engines...
Boxship deliveries drive new wave of cascading The influx of deliveries this year increased the average vessel size on key trade lanes. Excess smaller tonnage is now...
Vessel traffic halted at Dardanelles Strait after forest fires Türkiye has stopped vessel traffic at the Dardanelles Strait following forest fires in the province of Canakkale, while traffic was...
Suez Canal traffic unaffected by tanker collision TMS tanker strikes BW liquefied natural gas carrier following grounding in the Suez Canal on Tuesday evening
Two dead after Chinese chemical tanker catches fire Two of the 17 crew have reportedly died in the incident while the remaining 15 were rescued. Firefighters have extinguished...
Daily Briefing Dry bulk shipping under pressure as China's economic woes deepen | Owners want to lock into fixed interest rates, Oceanis...
US shippers should begin planning now for potential 2024 disruptions: analyst In addition to the typical annual planning, such as for budgets and freight rates, US importers need to start weighing contingency plans for two potentially disruptive occurrences next year - continued low-water levels along the Panama Canal and the expiration of the International Longshoremen's Association contract, writes Lars Jensen.
Hamburg follows North Europe port rivals with H1 volume decline Weak European demand for containerized trade through the first half is hurting port throughput at the region's top three gateways, but signs are emerging of recovering volume on certain routes.
NS delays Atlanta appointment system after Memphis rollout woes Norfolk Southern's launch of an appointment system for import boxes in Memphis has not been smooth, but the railroad hopes to learn from the problems to make the October rollout in Atlanta better.
Spot rate gains puts pressure on shippers delaying Asia-Europe contracts: Xeneta Additional upward pressure might soon be brought to bear on spot rates, with forwarders expecting carriers to ramp up blank sailings through the fourth quarter to mitigate a significant injection of new capacity.
Globus Maritime orders two more ultramax bulkers for $75.5m New York-listed shipowner has ordered five ultramax newbuildings since last year as it renews fleet
China's higher ore imports and steel output not enough to lift falling capesize bulker market Average spot rate for capesizes has fallen almost 20% in past week, according to Baltic Exchange
Delfin Midstream secures FLNG unit slots with Wison Offshore & Marine Chinese yard's aim is to speed through design and engineering so construction of a unit could start in 2024
Green Seas: A return to wind power offers real hope for decarbonisation Our Green Seas environment newsletter leads with a Comment piece arguing that treating wind as an energy source on par with fuels and revamping shipping's commercial structures could help unlock wind's promise
Clarksons' gloomy container ship prognosis shows the only way is down UK research company says heavy delivery schedule still hanging over market
'Focus on what you can control': Angeliki Frangou sticks to the plan amid global turmoil Tanker and container ship earnings continue driving profit at behemoth Navios Partners, which orders two more MRs
MPCC boss Constantin Baack sees no reason to revisit high container ship charter rates Charterers are still in the money, executive tells analysts
BW LNG carrier grounds in Suez Canal and is struck by TMS Cardiff tanker LNG ship appeared to have been blocking single lane of waterway for six hours before being refloated by its crew
MOL teams up to study low-pressure and temperature CO2 shipping LP Technology R&D Project aims to progress industrial scale shipments from Asia to Australia
Borrowed from a sanctioned lender? There is a way out for shipowners, argues law firm After helping a Norwegian operator out of its deal with blacklisted GTLK, Wikborg Rein attorneys say lessons can be learned
Wavelength: The great divide? How Brics are building a new world for shipping China's bid to create a bloc to rival the G7 grouping is forcing some global players to choose sides amid the power play
Hanwha Ocean launches $1.5bn fundraising in transformation push New management wants to invest eco-friendly propulsion systems, smart ship technology, offshore wind solutions and automation
Norway's Skuld makes key executive changes New appointments in strategy and hull underwriting made as the insurer targets growth
Two crew feared dead after fire engulfs product tanker off China Flames and smoke enveloped the Sheng You 229 on Tuesday in the Gulf of Tonkin
Russia steps up drone attacks on Ukrainian grain infrastructure Russian campaign takes out much of Ukraine's export capacity, casts doubt on viability of schemes to revive Odesa trade
Insurance veteran Jonathan Jones embarks on new underwriting venture Focus will be on ships over 15 years old and registered in the Americas
Slow death of former tanker owner Nordic Shipholding to drag on to end of year Liquidation process should be completed by December, Louise Celia Korpela says
Braemar agrees deal with MDX to boost real-time derivatives operation Broker using London tech company's software to develop price sharing
AMSC will stay listed and pay dividends after tanker fleet sale Oslo-listed shipowner said it will generate $30m in annual Ebitda with its lone remaining ship
Focus on Frontline as analysts look for VLCC and suezmax rate guidance John Fredriksen's tanker giant is one of the last shipowners to report results this quarter
Investor Hannisdahl says price gap could support VLGC rates above $130,000 Norwegian's Gersemi fund cuts bulker exposure as it adds gas exposure
Reborn DOF starts with record profit in stronger offshore markets Next year also looking healthy for Norwegian offshore shipowner reporting first result since IPO
Turkish straits blocked by forest fires, tanker engine failure Double-whammy of problems hit the Dardanelles and the Bosphorus
Hoegh LNG homing in on ammonia, hydrogen and CCS initiatives Demand for floating storage and regasification units 'remains strong', company says
Awilco LNG fixed-rate charters pay off as two-vessel shipowner turns a profit The company's two ships have scheduled dry-dockings for the third quarter
Capesize S&P deals accelerate, fuelled by speculative buying Hopes for a rebound in the Chinese economy continue to capture the imagination of ship investors
Clarksons spin-off Sea partners with Maersk Mc-Kinney Moller Centre Shipbroking technology company will work with Danish centre on shipping decarbonisation
Pareto Bank launches $33m share offer to capitalise on growth opportunities Norwegian shipping lender wants to strengthen its capital position
James Fisher brings in Karen Hayzen-Smith as new finance chief Experienced accountant will replace Duncan Kennedy later this year at UK tanker group
BW LNG carrier grounds in Suez Canal and is struck by Cardiff product tanker LNG ship appeared to have been blocking single lane of waterway for six hours before being refloated by its crew
Norway's Solvang raises VLGC order tally at Hyundai shipyard Norwegian company has a total of five large LPG ships on order at Hyundai Heavy Industries
Eastern Pacific poised to order 'world's first' ammonia bulkers BHP and Rio Tinto could charter the vessels, which will be powered by MAN ES engines
Hapag-Lloyd makes shortlist for first stage of HMM share sale, say reports SM Group said to have pulled out of bid for HMM sale
Hapag-Lloyd reportedly makes shortlist for first stage of HMM share sale SM Group said to have pulled out of bid for HMM sale
Singapore's maritime stocks fail to improve on their corporate governance Decliners outweigh gainers in annual index with only two companies making it into the top 100
Shipping 'traffic jam' at Panama Canal: Why it's not a crisis (yet) Panama's drought poses a serious challenge to the country's canal operations, but fallout to global trade remains limited.
Canadian airports receive $77M for cargo projects Toronto Pearson airport plans to replace an office park with a cargo facility with funding from the Canadian government, which is also helping an Inuit-owned airline move more cargo.
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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