Admiral Lisa Franchetti to be nominated as next CNO President Joe Biden has announced his intention to nominate Vice Chief of Naval Operations Adm. Lisa Franchetti to succeed Adm. Michael Gilday as Chief of Naval Operations. "As our next Chief of
Rio Grande LNG go ahead brings GLDD its biggest project yet Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has received a notice to proceed with what president and CEO Lasse Petterson says is an "exciting milestone project" that will "the largest undertaken
New ABS study explores potential of commercial ship nuclear propulsion Is the "nuclear option" the magic bullet that could solve shipping's GHG emissions issues? New reactor designs have seen the possibilities draw increasing attention. Now, a new study underscores the huge potential
CMA CGM implements new overweight surcharge from Asia to Africa CMA CGM has announced a new overweight surcharge (OWS) from Asia to Africa, effective in the next month. More specifically, the Maersille-based company said that it will apply a surcharge of US$150 per 20' dry container with a container gross weight of over 18 tons from North East Asia, South East Asia, Mainland China, Hong Kong SAR & Macau SAR and Taiwan to Congo, Democratic Republic of Congo, A
Los Angeles Harbor Commission elects new president The Los Angeles Board of Harbor Commissioners has elected former US Congresswoman Lucille Roybal-Allard as the new president. Additionally, the five-member commission also voted in Diane Middleton as its new vice president. Both started their new roles immediately after their unanimous election on 20 July. Roybal-Allard was appointed to the five-member board by Los Angeles Mayor Karen Bass in May
TT Club announces new chairman and directors TT Club, provider of insurance and related risk management services to the international transport and logistics industry, has announced that Morten Engelstoft will be chairman of both Through Transport Mutual Insurance Association Limited (Bermuda) (TTB) and TT Club Mutual Insurance Limited (UK) (TTI) after the retirement of the current president Ulrich Kranich. Ulrich Kranich retires from his p
Atlas Air takes delivery of new aircraft to be operated for MSC Atlas Air, a subsidiary of Atlas Air Worldwide Holdings, has taken delivery of a Boeing 777-200 Freighter, which it will operate on behalf of its customer MSC, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement. This is the second of four Boeing 777-200 Freighters that Atlas Air will operate for the Swiss/Italian company, which will complement the
CMA CGM introduces container scanning fee in Congo French container shipping company CMA CGM has announced a new scanning fee for cargo bound for Congo, effective from 31 July. CMA CGM noted that the scanning fee will be €160/TEU and €210/FEU and high cube container for all the cargo that will be discharged at Pointe Noire port and other final destinations on the Congolese territory. The post appeared first on Container News.
UAE and DNV to establish new maritime decarbonisation centre H.E Suhail Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO of DNV Maritime, signed a Memorandum of Understanding (MOU) to create a new Decarbonisation Centre in UAE. According to DNV, the Marine Environment Protection Committee's (MEPC) 80th session this month showed that shipping is now on an accelerating path towards full decarbonisati
ABS appoints new president John McDonald is the new president of ABS, as announced by the company's chairman and CEO Christopher J. Wiernicki, at the ABS Board meeting on 18 July. McDonald has served as executive vice president and chief operating officer of the company since July 2021, and will take on the title of president, remaining the chief operating officer of ABS. He joined ABS in 1996 as a surveyor and has served
MSC revises Levante Express service port rotation MSC has decided to revise the port rotation of its Levante Express service, announcing the return to Naples, Italy with a direct call and the removal of another Italian port, Gioia Tauro. "The Levante Express service will now return to Naples with a direct call, replacing the current Naples Shuttle Service, and will no longer call at Gioia Tauro on its northbound leg," noted MSC, adding that Gioi
Effective Ecommerce Marketing Strategies for the Chemical Industry In today's digital age, B2B eCommerce sites in the chemical industry must have a robust marketing strategy to stay competitive. Marketing in the chemical industry is critical to building brand awareness, generating leads, and increasing sales. Here are some reasons why marketing is essential for B2B eCommerce sites in the chemical industry. Increase Visibility and Reach Marketing is crucial for i
Oakland officials hope container volume rebounds after labour deal, despite June drop Port of Oakland handled 120,433 TEUs in June, representing a 26.5% decline compared with the same month last year. Full imports dropped 30.6% to 66,295 TEUs and full exports experienced a 20.8% decline, reaching 54,138 TEUs. Additionally, empty exports went down by 40.9% to 23,879 TEUs, while empty imports declined by 2.3% to 11,516 TEUs in June 2023. Importers continue to send cargo to East Coas
Port of Corpus Christi sets new cargo record Port of Corpus Christi reported that nearly 50 million tons of cargo passed through the Corpus Christi Ship Channel in the second quarter of 2023, setting a record for the fifth consecutive quarter. More specifically, the 49.7 million tons moved in the second quarter was a 7.1% increase from the same period last year and slightly higher than the prior record set in the first quarter of 2023. The
MAN Energy Solutions to develop retrofit solutions for medium-speed marine engines MAN Energy Solutions will begin developing retrofit solutions for medium-speed marine engines as part of a research association including WTZ Ro�lau gGmbh and TU-Darmstadt. The three-year research project, 'CliNeR-ECo', is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK) and the initial work has already commenced since the beginning of 2023. CliNeR-ECo aims to
Emirates Steel Arkan, AD Ports, ITOCHU and JFE Steel to develop low-carbon iron supply chain complex in UAE Emirates Steel Arkan, AD Ports Group, ITOCHU Corporation and JFE Steel have signed a non-binding Memorandum of Understanding (MoU) to collaborate on activities related to the establishment of an integrated low-carbon iron supply chain complex in Abu Dhabi, UAE. The complex aims to produce low-carbon emission raw materials for use in steelmaking; this would include materials such as Hot Briquetted
TT Club brings in former APM Terminals boss Morten Engelstoft as new chairman Former chief executive of Maersk's APM Terminals Morten Engelstoft has been elected as the new chairman of insurer TT Club as Ulrich Kranich retires from his position after sixteen years. Engelstoft is to take over as chairman of both Through Transport Mutual Insurance Association (TTB) and TT Club Mutual Insurance (TTI). He spent thirty-six years ...
Nigeria's NNPC takes stake in the country's debut FLNG project Nigeria's state oil firm, NNPC, has sealed a deal with fellow developer UTM Offshore to take a 20% stake in the country's first-ever floating liquefied natural gas (FLNG) project. The planned FLNG vessel will process and liquefy gas from the Yoho field offshore Nigeria, most likely starting in 2026, and the agreement is seen as ...
Urgent talks underway to find a Black Sea shipping solution as Ukrainian ports suffer bombardment President Volodymyr Zelenskiy has held urgent discussions with his Turkish counterpart as well as the head of NATO over the weekend, desperately trying to find a way to get exports back on track out of Black Sea ports following a highly volatile week in the region where a shipping pact with Russia was abandoned and ...
CPC Corp tanker hits DEME's newbuild wind installation vessel in Taiwan A CPC Corp product tanker allided with DEME's berthed newbuild offshore installation vessel at Kaohsiung port in Taiwan last Friday morning. Minor damage, such as dents and broken railings above the waterline, was reported to DEME's 37,946 dwt Green Jade and the 40,500 dwt Hua Yun. There were no injuries. Despite tug assistance, the 182-m-long ...
Prices for older VLCCs falling fast For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by South Korea's SK Shipping which has offloaded the 19-year-old, 314,000 dwt, Samsung-built for $37.8m. The ship has been under negotiations for weeks, with brokers monitoring the deal closely. The last comparable deal to C.Champion ...
NYK opts for Dutch sail system on bulk carrier NYK Bulkship (Atlantic), a Belgian subsidiary of Nippon Yusen Kaisha (NYK), will introduce a wind-assisted ship-propulsion unit on a bulk carrier engaged in a long-term charter contract with Cargill. NYK has selected the VentoFoil wind-assisted propulsion unit from Econowind in the Netherlands. Sitting on a 6 m long flat rack container with no walls, VentoFoil ...
Maersk Line ordered to pay $700,000 to sacked whistleblower Maersk's American unit has been ordered to pay over $700,000 to a former employee who was fired after complaining about vessel safety to the US Coast Guard. In December 2020, a chief mate aboard the 4,154 teu Safmarine Mafadi, now Maersk Tennessee, reported a list of concerns about the ship's condition. Following the vessel's inspection, ...
Wan Hai debuts Taiwanese sustainability linked financing Taiwan's Wan Hai Lines has concluded a 10-year $95m sustainability-linked financing deal with Standard Chartered Bank, claiming the country's first for a containerline. Wan Hai has committed to a 50% reduction in carbon intensity of its fleet by 2030 compared to 2008. The Taipei-based operator has obtained dual certifications in greenhouse gas inventory since 2022, ...
Dulam sells DSV for scrap Dubai-based subsea contractor Dulam has sold its ageing dive support vessel Oceanic Installer for recycling in Sharjah, UAE. Cash buyer Best Oasis reported the 1984-built ship has gone on an as-is basis for a price tag of $1.6m. Dulam acquired the Ulstein Halto-built DSV from SBM Offshore in 2012 for close to $15m. The 84 ...
BASF building 500 MW wind farm to power chemicals plant in China German chemicals firm BASF and China's Mingyang Group have agreed to jointly build and operate an offshore wind farm in South China. A joint venture named Mingyang BASF New Energy will be 90% owned by Mingyang with BASF holding the remaining stake. The wind farm in Zhanjiang Municipality of Guangdong province is planned to have ...
John McDonald elected president of ABS US classification society ABS has elected John McDonald as its president. McDonald, who has served as executive vice president and chief operating officer of the company since July 2021, will take on the title of president and remain the COO of the company. "John McDonald will now be given a further opportunity to showcase his ...
NKT lines up Scottish cabling work Danish offshore cabling specialist NKT has been confirmed as the preferred bidder by Scottish SSEN Transmission for the supply of power cable systems for two high voltage direct current (HVDC) transmission links, with the intent to sign a framework agreement for future projects. A firm deal, if agreed, will see the Danish offshore cabling specialist ...
Ship recycling prices continue to soften as vessel supply remains low Shipowners appear to be shunning the low prices being offered while ship recycling volumes remain historically low and continue to...
Early signs of change as oil cap price breach alters Russian oil and shipping Number of Greece-owned, European-flagged and Western-insured tankers calling at Baltic and Black Sea ports dives in first 12 days after...
Port operations restricted at Ukraine's Reni following Russian drone attacks Russian drone attacks during the weekend on Ukrainian Danube ports disrupted operations following the termination of the Black Sea grain...
EU and US struggling to match sanctions rhetoric with enforcement Despite all the strong words from the EU about cracking down on 'a sharp increase of deceptive practices by vessels...
No guarantees against bad bunkers, P&I club warns Problem may now be disabling 600 ships a year and causing losses to global supply chain in excess of $5bn
TOP Ships adds $72m to revenue backlog with Clearlake suezmax extensions Eco Malibu was named last month as tanker earmarked as first ship in new suezmax spin-off mooted by Greek owner
Weak retail growth keeps inventories high and dampens demand US imports are on par with 2019 levels. Only the removal of capacity has helped carriers lift rates
The week in newbuildings: German owners order new series of MPVs Germany's Nordic Hamburg Shipping and Briese Schiffahrts are reported by brokers to have ordered a total of six 12,500 dwt...
Revised guidelines on underwater noise to take effect next week Guidelines were set out in 2014 but new developments in ship design and maritime technologies have led to a comprehensive...
Carrier profitability unlikely to recover this year After several years of extraordinary profits, the outlook for box lines is dim. With weak freight rates, container lines face...
Wan Hai signs $96m sustainability-linked finance deal with Standard Chartered A second-party opinion provider will also participate in the financing
NYK to install first wind-assisted ship propulsion unit on Cargill-chartered bulk carrier NYK and Cargill will unite to study the unit's effectiveness
FSB claims explosives found on dry bulk ship heading to Russia Discovery of dinitrotoluene and tetryl explosives on board the unnamed ship a week after the Crimean Bridge explosion indicates 'the...
Daily Briefing One Hundred Ports: Volume growth wanes as post-pandemic boom fades | Russia's naval blockade of Ukraine: Illegal, immoral, inept |...
The week in charts: Kerch AIS transmissions plummet | PCTC orderbook grows | Diesel flows redirected Boxship recycling set to take off before scrap prices take drop, and Ukrainian grain deal ends
Savannah reopens berth at Garden City Terminal, boosting capacity 25% The Georgia Ports Authority has acknowledged the added berth capacity was sorely needed during the worst of the pandemic-driven port congestion when Savannah's queue hit more than 30 ships in September 2021.
US LTL carriers plan expansion despite market uncertainty Several large LTL carriers, including XPO and Estes, are adding terminals as freight flows change and customers shift business among carriers as questions linger over Yellow's future.
Asia-Europe ocean carriers look to steady market with August rate hikes The new price levels signal the intent of carriers to drive up freight-all-kinds rates in a move to capitalize on any increased buying should a peak season emerge.
ILWU Canada caucus approves tentative deal; membership vote expected this week The rollercoaster developments of the past three weeks, which began with a 13-day strike by ILWU Canada on July 1, have disrupted cargo handling at Vancouver, Canada's largest port and a gateway to US and Canadian markets.
Retail 3PL GSC expands service scope with MacMillan-Piper acquisition GSC intends to combine its expertise in servicing containerized imports in the retail sector with MacMillan-Piper's experience in warehousing and transloading of primarily export commodities.
Heightened biosecurity program drives Australian ro/ro port congestion A rigorous hunt for seeds and pollen is disrupting vehicle and high & heavy imports into Australia, leading carriers to pull back on services.
Panamax bulkers will need 'serious push' in North Atlantic, brokers say Average spot rate is at a four-month low, according to market data
Seasonality and less capacity boost Asia-to-US container market, analyst says Freight rates from Asia to US West Coast have risen 27% since early July, according to Baltic Exchange
DNV partners with UAE to set up Middle East's first shipping decarbonsation centre Plans are to launch the centre in the beginning of 2024
LNG cargo row down to buyer's 'inability to pay', rather than Russia links, insists Gunvor Shipment heading north as charterer and buyer give opposing reasons for shipment not being discharged
UK launches seafarers' welfare charter in response to P&O Ferries sacking row Unions insist measures to protect wage and welfare rights must now be made mandatory
UK launches seafarers' welfare charter in response to P&O sacking row Unions insist measures to protect wage and welfare rights must now be made mandatory
Tanker giant Bahri turns attention to modern ultramax bulkers Saudi Arabian shipping player is increasingly enticed by the dry cargo business
Advantage Tankers orders suezmax pair at Nihon Shipyard Geneva-based company now has a series of five newbuildings lined up for delivery in 2025
Zim fuels dealmaking as it downsizes container ship fleet Chartworld bags $80m sale of panamax boxship quartet to MSC
Six hundred shipping containers reported lost overboard after container ship sinks Palau-registered feeder boxship is now stranded at port of Kaohsiung
Hyundai LNG Shipping puts its entire VLGC fleet up for sale Four outliers in South Korean shipowner's fleet hit the market after sales process for company stalls
An Englishman in New York waves the flag for P&I insurance American Club chairman says P&I clubs are consumer collectives that have stood the test of time
Golden Ocean Group steps up share buybacks once again Bulk carrier shipowner's $100m share repurchase scheme continues apace
Fearnleys swoops on Braemar dry cargo brokers to build new presence in Brazil Brokers give the Norwegian group its first presence in South America and will add to its office in Dubai
Russian secret police to check ships passing the Kerch Strait Moscow statement suggests that ship traffic in the Russian-occupied part of the Black Sea has resumed after Kerch Bridge attacks
Russian drones strike Danube grain hangars as attacks intensify Grain facilities are hit amid explosions at Reni and Izmail on the border with Romania
Golden Ocean Group steps up share buybacks again Bulker owner's $100m share repurchase scheme continues apace
Repeat risk of 'extremely high spot rates' for LNG carriers this winter Clarksons Research says term levels have held firm throughout 2023 and forecasts period of firm trade growth for sector
Russian drones strike Danube grain hangar as attacks intensify A grain facility is hit near Reni on the border with Romania and explosions are reported at Izmail as well
Singapore's Yangzijiang Financial buys stakes in two chemical tankers SGX-listed company also takes short-term punt on eight MR tankers with major charterer
Podcast: Estimating the impact and the cost of the EU's upcoming emissions rules Audio edition of Green Seas digs into the Emissions Trading System and FuelEU Maritime
Norway's RFOcean inks chemical tanker order in China The 6,600-dwt newbuildings will be powered by methanol
Scrap prices plummet below $500 per ldt as credit crunch restricts buying from Bangladesh Cash buyers only offering Alang pricing levels as they prepare to divert tonnage from Chattogram, brokers report
Poten bullish on medium-term outlook for aframax tankers Broker says most changes in trade flows are here to stay with Europe likely to cut reliance on Russian supplies
Middle East offshore players in pole position to acquire growth Offshore names are up for sale and Middle East outfits have the wherewithal to buy them, says P&O Maritime Logistics boss Martin Helweg
Trans-Pacific shipping rates rise as carriers make capacity cuts Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
FedEx pilots reject new labor deal FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%.
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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