VIDEO: Incat Tasmania high-speed catamaran is on its way to South Korea Incat Tasmania has handed over the 76 meter El Dorado Express to its new owner, South Korea's Daezer Ferry. The high speed passenger catamaran left Hobart, Tasmania, on the afternoon of 22nd
Is J-Eng edging ahead on future fuel engines? One of the world's three largest marine engine brands, Japan Engine Corporation (J-Eng) may be edging ahead of the pack in developing large two-strokes capable of operating on ammonia and hydrogen. J-Eng,
Electric Boat awarded $1.07 billion Virginia-class contract mod General Dynamics [NYSE:GD] reports that its Groton, Conn., based GD Electric Boat division has been awarded a $1,075,896,000 contract modification from the U.S. Navy to provide long-lead-time material and advanced construction for
Klaveness in LOI for third-generation combination carrier trio By eliminating unladen voyages by single-purpose tankers and dry bulkers, combination carriers already deliver major energy savings. Now Oslo-headquartered Klaveness Combination Carriers (KCC) says that these can be increased. Through a subsidiary,
Port of Rotterdam Authority announces interim CEO Port of Rotterdam Authority announced several changes in the executive board. Boudewijn Siemons will be appointed interim chief executive officer (CEO) of the Port of Rotterdam Authority, effective from 15 July, taking the place of Allard Castelein, who is stepping down as CEO this summer after nearly a decade. At the same time, Vivienne de Leeuw will stay on as chief financial officer (CFO) as h
Rio Grande Container Terminal reports increased container volumes Wilson Sons, a port and marine logistics firm based in Rio Grande, Brazil, reported improved operating results in the first four months of the year at the Rio Grande Container Terminal. For the period January-April 2023, the Brazilian box terminal handled 198,857 TEUs, translating to an 11% growth compared with the same period last year. Additionally, Rio Grande Container Terminal reached a new p
Damen Shipyards and Boluda Towage to bring zero-emissions tugs to Europe Damen Shipyards and Boluda Towage have joined forces to bring zero-emissions tugs to Europe. The first vessel is intended to be a Damen RSD-E Tug 2513 and the two partners are now working together to identify the potential harbour that will be best matched to its operational profile. The two companies also aim to launch the first newbuild methanol tug in Europe. Additionally, Damen is currently d
Zephyr et Boree orders low-carbon feeders at Hyundai Mipo French ship designer and investor Zephyr et Boree on 22 May commissioned five methanol-and-wind-fuelled 1,200 TEU feeder ships at South Korea's Hyundai Mipo Dockyard for US$311 million. At an individual price of US$62.2 million, this is more than twice the cost of a conventional feeder vessel. Zephyr et Boree's ships are believed to be the first of their kind to be built, resulting in a hefty pri
Jeddah Islamic Port handles over 465,000 TEUs in April According to monthly figures issued by the Saudi Ports Authority (Mawani), Jeddah Islamic Port handled around 465,348 TEUs in April this year, up from 372,064 TEUs in the same month of the previous year. Other container figures show that Saudi Arabia's busiest port had a 22% increase in transshipments and restows from 214,686 TEUs in April last year to 261,543 TEUs in April this year. The cargo c
Snapl opens port warehouse in New Jersey US supply chain service provider Snapl has announced the opening of a new warehouse in Gloucester City, New Jersey. The warehouse, located across from the Holt Logistics, Del Monte Tropical, and PhilaPort Terminals, is positioned to take full advantage of the more than 600,000 TEUs of containerised cargo processed annually in these terminals. Snapl said the proximity to these cargo hubs allows th
Georgia Ports Authority appoints new officers The Georgia Ports Authority (GPA) board has elected new officers for the coming fiscal year. Starting 1 July, Kent Fountain will serve as chairman, Alec Poitevint as vice chairman, and Chris Womack as secretary-treasurer. The election of Fountain and Poitevint represents an advancement from their previous positions of vice chairman and secretary-treasurer, respectively. Poitevint served as GPA bo
GEODIS buys US-based drayage provider GEODIS acquired Southern Companies, a drayage provider based in the United States that handles all phases of the import and export process. GEODIS believes the acquisition will enhance its end-to-end supply chain capabilities across the country. Southern Companies is a family-owned business founded in Miami in 1965 and runs terminals across seven ports; Miami, Everglades, Houston, Jacksonville, T
China's Yangshan Port leads new Container Port Performance Index China's Yangshan Deep-Water Port was the best port performer in the third edition of the global Container Port Performance Index (CPPI), developed by the World Bank and S&P Global Market Intelligence. Despite disruptions and challenges caused by typhoons and various other factors in 2022, the Chinese box port achieved the greatest year-over-year improvement in performance of the top ports in the
Ørsted moves forward with Europe's largest e-methanol project Denmark's Ørsted has launched construction on what is set to become Europe's largest e-methanol plant for shipping fuel. Expected to become operational in 2025, the FlagshipONE project in Sweden will produce around 50,000 tonnes of e-methanol per year. Originally developed by the Swedish e-fuels company Liquid Wind, the plant will be located next to Övik ...
Boudewijn Siemons to step in as interim head of Rotterdam port Boudewijn Siemons has been appointed interim chief executive officer of the Port of Rotterdam Authority. As the port's current chief operating officer, Siemons will take over from Allard Castelein, who is stepping down on July 15. Siemons, whose COO term ends in October next year, will combine both positions until a new CEO has been ...
Russia to begin year-round voyages from the Arctic to Asia in 2024 Russia will begin year-round voyages from the Arctic to Asia along the eastern section of the Northern Sea Route (NSR) from 2024, an opening of a tradelane with huge implications for the global seaborne map. "Together with Novatek, we plan to launch year-round navigation in the eastern part of the NSR early next year. This ...
Renault switches from pricey car carriers to containers for shipments out of Busan Contrasting ship sector fortunes have been reflected in South Korea where French automotive giant Renault has started shipping brand new cars in containers to avoid prohibitively high costs associated with the car carrier sector. Car carrier fortunes have been hitting record figures for the past 15 months, while container earnings have slid from their all-time ...
UK offshore sector braces for massive strike with over 1,600 workers set to down tools Around 1,650 UK offshore contractors will begin two new rounds of 48-hour strike action next month in a bitter dispute over jobs, pay and conditions, Unite the union has confirmed. The walkout will hit multibillion oil and gas operators including Apache, BP, Harbour Energy, Enquest, Ithaca, Repsol, Shell and TAQA and follows previous rounds of ...
Seaspan ammonia-powered boxship design unveiled Working with Seaspan, the world's largest boxship lessor, the M'rsk Mc-Kinney Møller Center for Zero Carbon Shipping yesterday revealed the design of an ammonia-powered 15,000 teu container vessel. The ship measures 350 m in length between perpendiculars and 53.6 m in breadth. Its design incorporates a dual-fuel engine that runs on very low sulphur fuel ...
Valemaxes to start calling at Abu Dhabi Abu Dhabi's AD Ports Group has signed a memorandum of understanding (MoU) with the world's largest producer of iron ore and nickel, Vale, to develop a mega hub on home soil at Khalifa port for industrial complexes that produce low-carbon products for the steelmaking industry for both the local and seaborne markets. The facility to ...
New partnership to deliver data-driven solutions for offshore wind Oslo-listed seismic data provider TGS and Norwegian technology firm Kongsberg have established a strategic collaboration to jointly develop integrated data and digital solutions for the fast-expanding offshore wind industry. Under a memorandum of understanding, the two companies said they will aim to combine data with digital solutions that are accessible, modular, scalable, and support an ...
Modern ultramax sold for firm $30m Brokers report one rare modern ultramax sale, with a price tag to match the age. Japan's Daiwa Kisen is reportedly offloading the six-year-old, 64,000 dwt Federal Iris for a firm $30m. By comparison, the same-sized, one-year-older Bulk Electra fetched $3m less a few weeks ago. A month ago, Belgian Conti Lines tempted the market with ...
Norwegian unions seek mediation as wage talks with offshore drillers break down Labour unions representing thousands of Norwegian offshore rig workers broke off wage negotiations with the Norwegian Shipowners' Association early on Wednesday, raising the prospect of a walkout later this year. The parties will go to mediation at a later date, which, if it fails, could end in a strike, the Norwegian trade union Industri Energi ...
Japanese invest $80m into CORE POWER Japanese companies will participate in a project led by CORE POWER from the UK to develop a floating nuclear power plant. A total of 13 companies, including Onomichi Dockyard and Imabari Shipbuilding, have invested around $80m in CORE POWER joining a raft of shipowners around the world who have decided to buy into the Mikal ...
Specialist wind turbine blade carriers ordered in China A forwarder, a power plant manufacturer, and a ship operator have joined forces to order two ships in China, designed specifically to carry large wind turbine blades in three tiers. China's Jiangsu Zhenjiang Shipyard has been tasked with building the specialist ships, with delivery scheduled in the first half of 2025. The shipowning joint venture ...
French firm orders five 'zero carbon' boxships in South Korea New-look containerships have been ordered at Hyundai Mipo Dockyard. France's Zephyr & Borée has finally put pen to paper for a series of five 1,300 teu ships which it claims are zero carbon, in a project that has been many years in the making. The ships, scheduled for delivery from late 2025 through mid-2026, are ...
Shipping and aviation join forces to secure green hydrogen supplies The Skies and Seas Hydrogen-fuels Accelerator (SASHA) Coalition is being launched today by Lord Deben, chair of the UK's independent Committee on Climate Change. The coalition is bringing together the shipping and aviation industries to form one unified voice so they have greater influence over policy and can send a clear demand signal that green ...
ADVA Underwriting launches marine war risks facilities Managing general agent ADVA Underwriting has announced the launch of its new marine war risk initiative. This initiative complements the firm's existing marine offering and broadens its support to brokers and their marine clients. ADVA will be able to underwrite lines of up to $150m including for voyages to and from designated war risks exclusion ...
Dorian LPG reports strongest financial year on record Strong supply and demand fundamentals for very large gas carriers coupled with robust arbitrage and logistical constraints have kept freight...
FMC actions from US shippers 'highlight coercive power' of carriers Cases appear strong and have good chance of success, says Watson Farley & Williams duo
Charterers turn to newbuildings as boxship supply dwindles 'Openings in the post-panamax segment are sparse for the rest of the year,' says Braemar
EU block exemption renewal faces political hurdles Carriers need to do more to prove the benefits of vessel and slot-sharing agreements if they are to succeed in...
Biofuel bunkering remains mixed in medium term Biofuel blending for marine fuels has increased in recent years due to the Dutch subsidy regime, however expectations of such...
China's capsized fishing ship sinks with no survivors A total of seven bodies have been recovered and 12 more have been spotted inside the ship
Seaspan neo-panamax ammonia boxship concept revealed New vessel project is part of an ammonia bunkering initiative in Singapore being driven by the SABRE Consortium, which comprises...
Klaveness Combination Carriers to upgrade fleet with newbuild trio from Chinese shipbuilder New Yangzi Cabu III vessels, ranging from 72,500 dwt to 80,500 dwt in size, will replace existing Cabu I ships, with an...
Pandemic did not lead to anti-competitive carrier behaviour, FMC says The unique conditions that emerged in container shipping in 2020 pushed rates to record levels. But those were driven by...
Shipping starts to embrace energy-efficiency measures to reach net zero goals The maritime industry has begun seeking alternative methods to increase energy efficiency to comply with new regulations such as the...
Green corridors risk becoming greenwash as progress stalls Governments and industry rallied behind the concept of 'green corridors' as a way of catalysing zero-carbon shipping on specific routes...
'Firm' tanker rates underpin MISC's strong first quarter MISC warns of some moderation in overall average tanker rates in the coming months as Opec+ production curbs crimp short-term...
Russia violating grain deal by obstructing port activity, says US official One of Ukraine's export hubs has not received any ships since early May
Zero-emissions bunkering shows promise amid tangible demand signals Rising dual-fuel vessel orders and regional targets for zero-emissions marine fuels increase likelihood of alternative fuel bunkering before 2030
EU ETS to cost Netherlands-flagged fleet $367m from 2026 The Netherlands-flagged fleet could pay up to €340m from 2026 for EU Emissions Trading System once 100% of emissions are accounted...
Daily Briefing Dark fleet operator Gatik reflags four tankers with Mongolia | Bertram Rickmers: a life that mirrored the trajectory of German...
Navigator Gas announces new capital return policy after strong results Strong throughput of its joint venture ethylene export terminal, sticky demand for ammonia transportation and record US liquefied petroleum gas...
deugro orders customized ro/ro newbuildings for wind turbine transport deugro and partners Siemens and Amasus will build and deploy two specialized offshore wind ro/ro vessels able to accommodate increasingly large wind turbine components.
Don't equate 'normal' ocean shipping market to stability: analyst While indicators may point to a "normal" container shipping market in the wake of the pandemic, it is important to remember that disruptions large and small are all part of that normality, writes analyst Lars Jensen.
LTL carrier Roadrunner finds faster network attracts more freight More freight density, a tighter point-to-point network and better data have enabled successive rounds of transit time cuts at Roadrunner, which company executives claim is gaining shipments.
Shippers, regulators muddle through 'grey area' of rail storage fees Shippers want Congress to address their inability to challenge rail demurrage fees when they contract for merchant haulage, but finding a solution will be tricky, writes Journal of Commerce Executive Editor Mark Szakonyi.
Oakland's Howard Terminal eyes redevelopment after ballpark proposal strikes out With a proposed baseball stadium at the terminal location off the table, the Port of Oakland is considering options to expand maritime support activities at the 50-acre site to complement overall growth at the port.
Hapag-Lloyd, ONE roll out emissions-cutting projects New green services from ocean carriers are being offered to the market as transport providers focus efforts on meeting industry decarbonization targets.
Accelerate cuts in transport emissions or miss climate targets: ITF report When the rise in demand for global transport is factored in, current measures to reduce CO2 emissions will be insufficient to meet Paris Agreement climate change goals, according to the biannual outlook.
Seized tanker watch: Suez Rajan appears headed to Gulf Coast with suspected Iranian cargo Suezmax is south of Haiti on a course that could bring it to US shores as sources remain tight-lipped about what will happen when it arrives
Ocean Yield posts slightly higher profit with entire fleet locked into charter deals First-quarter revenue improves to $61m from $48.3m a year earlier
Mission to Seafarers raises $1.3m from Adventure Race Japan Sixty-four teams from 19 countries tackled the Green Dragon and Black Dragon races amid challenging weather conditions and mountainous terrain on the Izu Peninsula
Navios Holdings returns to profit as revenue rises and $24m fee is left in the past First-quarter revenue improved by $6.2m to $65.4m as Navios Logistics arm delivers a profit
Anthony Veder dives in on an ammonia-fuelled gas carrier design But for the next few years Dutch gas shipowner plans to stick with LNG as a fuel for its own vessels
StealthGas posts record quarterly net profit on asset play and robust ops Harry Vafias-led outfit lures investors with profitable ship sales, debt deleveraging and share buybacks
'Huge financial risk': ship managers urge polluter-pays change to EU emission scheme InterManager backs Europe's decarbonisation aims but wants a fairer distribution of the cost burden
Hoegh kicks tyres on ammonia from terminals to car carriers Both Hoegh LNG and Hoegh Autoliners have cut deals on ammonia-related projects
Green Seas: Can the e-fuel 'opportunity' push the IMO to act on a carbon levy? As developing nations call for an equitable transition that won't batter their economies, our environment newsletter explores the arguments that clean fuels represent an opportunity for the Global South
BW LPG's Anders Onarheim names his price for newbuildings VLGC company's boss says yard costs are $20m too high currently
Weaker dry bulk market hits Castor Maritime after tanker spin-off Continuing operations turned red for Cyprus-based owner after Toro Corp formed
Container lines warned of more pain as further losses 'inevitable' Two liner operators - Wan Hai and Zim - have reported losses, but more look set to join the pack
BW Offshore frees up cash with vessel sales as talks on more moves continue FPSO owner intends to winnow down fleet to four ships, with five more marked for disposal
MR tanker rates surge 25% as cargoes flow out of the US and Europe Analysts and brokers note busier market after slump at the start of the week
Dorian LPG net profit climbs to record since US listing nine years ago Stamford-based owner sees its revenue more than doubling year-on-year
Russia and Iran plan to build 20 sanctions-proof ships Joint venture would operate vessels into and out of Russia through north-south and east-west routes
Pantheon Tankers joins products tanker dash with debut newbuilding order in China Greek company orders four aframaxes at Cosco HI Yangzhou
Market will need 35 new large LNG bunker vessels by 2030 TotalEnergies urges cooperation between stakeholders as yawning infrastructure supply gap looms
JJ Ugland launches floating wind and shipping venture Ocean Ventus Norwegian company promises mass-produced platforms and a new design of maintenance vessel
Hamburg shipping legend Bertram Rickmers dies at age 71 Hamburg-based shipowner is reported to have succumbed to injuries resulting from a fall
JJ Ugland launches new floating wind and shipping venture Ocean Ventus Norwegian company promises mass-produced platforms and a new design of maintenance vessel
Leif Hoegh still 'enthusiastic' about Hoegh Autoliners after selling shares bought during IPO Chairman explains why his family offloaded $70m slice of car carrier owner
Oil price cap scheme loses 'credibility' as Russian revenues rise Researchers call for ban on tankers at EU and G7 ports if they have been involved in price cap breaches
'Robust' tanker charter market gives Petros Panagiotidis' Toro a flying start Owner reveals big earnings jump since splitting from Castor Maritime
Hoegh LNG refinances debt on two ships while profit jumps Owner takes out loan against two of its three Germany-employed FSRUs
Thenamaris boosts China newbuilding bet amid big tanker sale spree As its secondhand tanker sale campaign hits the $500m mark, Greek shipping giant expands LR2 orderbook to six units
Comment: Reputable owners live high off the 'dark fleet' they deplore You may disapprove of the dark fleet carrying sanctioned oil and gas. But first consider: are they perhaps your ships?
Safe Bulkers to splash more cash on own shares despite lower profit Greek owner going for another buyback representing a 4.5% chunk of the company
AMSC looks to refinance offshore vessel as charterer finds the ship work Norwegian shipowner reports $4.3m in profit, as offshore construction vessel debt weighs on earnings
Energy security: Awilco LNG says charterers willing to fix ships long-term Norwegian LNG carrier owner enjoys better profit in first quarter
Hoegh family cashes in $70m Hoegh Autoliners stake at knock-down price Leif Hoegh and others sold shares in a private placement on Tuesday night
MISC: tanker market looks positive although rate moderation can be expected But Malaysian shipping giant says spot rates in LNG sector remain subdued
DP World jumps into Middle East ro-ro sector with new Iraq service Company says moving trailers by sea will cut carbon emissions and boost efficiency
DSME officially renamed Hanwha Ocean as Kwon takes the helm The Okpo-based shipyard will be issuing $107.7m worth of shares to service debts
DP World jumps into Middle East roro sector with new Iraq service Company says moving trailers by sea will cut carbon emissions and boost efficiency
Singapore workshop prepares for first methanol bunkering in third quarter Gathering brought together government agencies and class and bunker companies ahead of first trials
Freightos' cash burn continues despite more user activity Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.
Giant tankers full of American propane are making waves Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
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