Court orders BOEM to hold GoM Lease Sale 261 the way Congress directed The State of Louisiana, the American Petroleum Institute, Chevron USA Inc. and Shell Offshore have been granted a preliminary injunction in response to their law suit challenging conditions in BOEM's Final Notice
France's Green Navy takes wraps off hydrogen-fueled catamaran design La Forêt Fouesnant, France, headquartered Green Navy is set to unveil an innovative hydrogen fuel cell powered passenger catamaran design at next week's Monaco Sustainable & Smart Marina Rendezvous event on September
Excessive speed seen in expensive ASD tug grounding Excessive speed during a bow-to-bow harbor-assist maneuver led to the grounding of the ASD tugboat CC Portland in the Corpus Christi Ship Channel last year, the National Transportation Safety Board said Thursday.
Port of Liverpool's container division to commence redundancy consultations Following a "sustained and significant deterioration" in container volumes at the port, the Port of Liverpool will commence redundancy consultations with workers in its container sector. Given the current economic background, the port's management stated the decision was "extremely regrettable but unavoidable," adding that "where possible, every effort will be made to redeploy affected staff to a
Singapore is top maritime centre for 10th consecutive year Singapore is ranked the top maritime centre in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report for the tenth consecutive year. The report, published jointly by the Chinese state news agency Xinhua and global marine data supplier Baltic Exchange, names Singapore as the world's leading maritime centre, followed by London and Shanghai. Singapore received 95.32 points
The Advantages of Geomembrane in Environmental Protection As sustainability becomes a priority, more attention is turning to geomembrane for environmental safeguarding applications. Geomembranes are large impermeable sheets made of materials like polyvinyl chloride (PVC), polyethylene, polypropylene or ethylene propylene diene monomer (EPDM). This emerging technology offers substantial benefits for water conservation, pollution containment and landfill
SITC International spends over US$100 million buying ships and containers from associate SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100 million to buy five existing ships and two newbuildings from an associated company. The associate, SITC Investment, is a British Virgin Islands-incorporated entity owned by SITC Maritime Group, a China-registered private company owned by
New container service connects Europe with South America ONE (Ocean Network Express) and Cosco Shipping will start the LUX service. This route connects Europe and the Mediterranean to the east coast of South America with weekly stopovers. The route includes important ports such as Rotterdam (the Netherlands), Hamburg (Germany), and Antwerp (Belgium), among others. Sergni Pessoa Rosa Jr., director of Operations, Technology, and Environment at Porto Itap
APM Terminals announces launch of new rail connection in Nigeria The Federal Government of Nigeria flagged off the first cargo movement on the Lagos-Ibadan rail corridor from one of the three standard gauge rail lines at APM Terminals Apapa. While inaugurating the standard gauge rail, the Minister of Transportation, Saidu Alkali, said, "The wagon freight train from Apapa port to Ibadan would move 90 containers daily, which would decongest the port and reduce d
Transmasters starts using specialised fleet at FCT First Container Terminal, part of Delo Group's stevedoring holding Global Ports, handled the first vessel call of Honrise container ship of the foreign trade transport and forwarding company Transmasters. Since August, Transmasters has been replacing universal cargo vessels with specialised container vessels for international services between the ports in the Asia-Pacific region and St. Petersbur
Port of Oakland sees lower box volumes Container volume at the Port of Oakland fell in August compared to the same month last year with the Californian port handling 135,253 TEUs, down 13.1% year-on-year. "However, the robust volume in August 2022 draws an unrealistic comparison to this August's numbers," noted the US port. Vessel calls have continued to grow throughout 2023, reporting 650 vessel calls through the end of August, risin
INFORM publishes new AI guidelines INFORM, a global pioneer in Artificial Intelligence-driven optimisation software, announces the publication of its in-depth Responsible AI Guidelines. These guidelines underscore the company's commitment to advancing AI technology with accountability, transparency, and an ethical foundation. INFORM recognises the imperative to harness its power responsibly, based on the AI landscape that is conti
COSCO signs Memorandum of Cooperation for green methanol industrial chain The Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain was signed online by China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC). This milestone marks the beginning of the real constructing phase for this extensive in
Pyxis Tankers gets $40.7m from US buyer for eight-year-old MR2 Greek owner Pyxis Tankers is selling one of its product carriers to an unaffiliated US buyer for $40.75m in cash. The Nasdaq-listed company has struck a deal to offload the 2015-built 50,295 dwt MR2 , currently estimated by VesselsValue at $35.5m. Up until recently, a product tanker pure-play with four ships in its fleet said ...
Nexans contracts cable layer newbuild at Ulstein French cabling specialist Nexans has returned to Norwegian shipbuilder Ulstein with a contract on the construction of a large DP3 cable laying vessel. The vessel, an ST-297 CLV design by Skipsteknisk, will be an updated version of the Nexans Aurora, delivered in 2021. "We awarded the contract for a new vessel to Ulstein after an ...
Dayang awarded more work by Sapura OMV Malaysia's Dayang Enterprise has secured a contract extension from Sapura OMV Upstream, the parent company said in a filing with Bursa Malaysia. The deal, which covers maintenance, construction, and modification services offshore Malaysia, will last through to December 31, 2024. The value of the contract extension is based on work orders issued by Sapura OMV ...
Blanked sailings fail to halt plummeting spot indices The Shanghai Containerized Freight Index (SCFI) fell another 4% today, the key box spot index remaining stubbornly below 1,000 points at 911.71 points. Likewise, Drewry's World Container Index, another composite spot indicator, fell 5.2% to $1,479.48 per feu, albeit it remains 4% higher than average 2019, pre-pandemic rates. Rates from Asia to North Europe and ...
Maritime CEO's agenda-setting annual outlook gears up Maritime CEO is back with a bumper annual outlook, setting the agenda for top executives looking for pointers as to how 2024 will pan out. For years, Splash has been publishing widely read forecasts at the start of the year whether it be on the main shipping segments, tech, or finance. We're now packaging all ...
Floating structure defects push back Goto City floating wind farm startup The Goto Floating Wind Farm LLC consortium has pushed back the operational startup of the Goto City Offshore Wind Power Generation Project due to the discovery of defects in a floating structure. The commercial operation startup date for the project was initially scheduled for January 2024, however, the construction process was delayed due to defects ...
Samsung Heavy debuts laser welding robot as it wades through record LNG orderbook Samsung Heavy Industries has developed a laser high-speed welding robot, aimed at substantially enhancing the productivity of constructing LNG carriers, a ship type which the Korean yard has record numbers to build on its orderbook. The new technology specialises in quickly welding membrane panels used in the cargo holds of LNG carriers. These membranes are ...
Northland secures $3.7bn loan to fund Taiwanese offshore wind project Canada's Northland Power has secured a 20-year 118bn new Taiwan dollar ($3.7bn) credit agreement for its Hai Long offshore wind project. The non-recourse project financing will be provided by over 15 international and local lenders with support from multiple export credit agencies from six different countries. Upon the achievement of financial close, total debt and ...
COSCO developing green methanol industrial chain As has been well telegraphed, China's state-owned shipping behemoths are going hard after methanol as a future fuel. To this end, COSCO, the world's largest shipowner, has teamed with three other state-run firms - State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) - to develop ...
Swiss shipping flag in danger of disappearing Trade union Nautilus International has made a joint statement with Swiss shipowners urging the Swiss government to save the Swiss flag. They reject the Swiss government's current proposed draft framework for shipping which misses the opportunity to ensure ships register under the flag. It is well known that the number of ocean-going vessels flying the ...
Shipping's $64bn fuel question What will be the percentage breakdown of fuel types for all the ships that come out of yards in 2030? It's the crystal ball guesstimate that divides shipping more than any other topic these days. The winner of the future fuels debate. For the purposes of our new magazine, Ship Concept 2030, the breakdown of ...
Can shipping be relied upon? There is a growing realisation in shipping that nebulous net zero pledges are starting to require action and investment, and...
Consolidation, collaboration and 'coopetition': modern maritime mergers Bureau Veritas has teamed up with OrbitMI in a move that benefits both parties. The tie-up says much about consolidation...
Marine insurers 'lack resources' to know beneficial owner Insurance costs 'would go through the roof' if it crosschecked everything that's said, according to chair of International Union of...
Medium-range tanker rates west of Suez to dip on Russia's diesel export ban - FGE Estimates predict the volume of diesel lost to the export market will be around 7.3m barrels, while Russia is expected...
Oaktree Capital reduces stake in Star Bulk Oaktree Capital Management's sale of some of its stake in Nasdaq-listed dry cargo vessel operator follows sale of its entire...
China Cosco Shipping launches digital platform for car shipping and supply chain The new platform provides carbon emission records for each shipping journey
Dark fleet tanker engine failure blocks Turkish Strait traffic Tanker managed by India-based Geras Ship Management, whose fleet includes tankers commercially operated by Buena Vista Shipping, linked to infamous...
The Lloyd's List Podcast: Everything you always wanted to know about marine insurance, but were afraid to ask The International Union of Marine Insurance conference is an annual health check for the shipping industry's risk cover and as...
Tanker values may have peaked as Greek owners avoid dark fleet sales Shipowners are becoming more stringent about who they sell their tankers to for fear of of being connected to dark...
Trafigura and Wah Kwong sign onto Cosco's VLCC pool Some 80% of the vessels in the pool are scrubber-fitted and about half are eco-designed tonnage
More ships head to Ukraine's sea ports Ukraine's temporary corridor was only used to free stranded vessels in the Odesa region until last week
China leading global clean hydrogen capacity: IEA The IEA urged governments to support clean hydrogen as delays are hindering investment decisions and costs rise
Cosco invests in MOL's LNG tanker newbuilds Deal will further boost Cosco's total invested LNG carrier fleet, which now stands at more than 70 ships
Daily Briefing Seaspan's ammonia-fuelled ULCS concept advances | China's state-owned giants team up on green methanol | Europe can learn from Asia's...
New ZIM service takes advantage of Savannah's expanding cold storage network Savannah attracted the new service due to its growing third-party logistics network and proximity to East Coast and Midwest markets, allowing for quicker and fresher imports.
US LTL shippers still juggling carriers, freight in wake of Yellow's demise Less-than-truckload freight once hauled by Yellow is being redistributed among other carriers in waves as shippers shop for the best fit in price, capacity, technology and service.
Maersk, Hapag-Lloyd put shippers on notice ahead of European ETS surcharges The phased implementation of Europe's emissions trading system on the shipping industry beginning next year will generate significant costs for carriers that will be passed on to customers in the form of new charges.
Pandemic, shipping reform boost caseload for harried FMC Shippers more than tripled their formal complaints in fiscal year 2022, emboldened by the maritime regulator's sharpened focus on how ocean carriers interact with their customers.
Australia-to-China coal flows push capesize bulker rates to new three-month high Spot rates surge 30% in a week as import prices beat North China coal
Podcast: Looking ahead in the dawn of methanol-fuelled container shipping Audio edition of Green Seas explores whether more newbuildings are in store
MSC Group firms up order for hydrogen fuel cell cruise newbuilds Deal between Swiss giant and Italian yard Fincantieri still requires financing
Nexans awards second contract for cable laying vessel to Ulstein Verft Ulstein Group previously built one for Nexans in 2021
Marsh-led Ukraine insurance package on the way as shipping activity picks up Facility could be finalised in the coming week to help speed up Black Sea grain exports
Oaktree Capital's 'prexit' continues as Star Bulk buys back $185m in shares Owner funded purchase of 10m units with cash from vessel sales
Russia to stand for IMO council role despite boycott threat Liberia to fight 'tooth and nail' to join executive and could unseat Russia
Russia to stand for IMO council role despite boycott threat Liberia says it will fight 'tooth and nail' to join the global body's executive and could unseat Russia
US buyer pays high price for MR tanker as Greece's Pyxis banks big profit Eight-year-old product carrier fetches firm $40.75m with charter attached
Editor's selection: Braemar probe widens, Fearnleys seals Ocean deal and what is making Andreas Sohmen-Pao nervous? Amid a raft of important stories carried by TradeWinds this week, we bring you some highlights
Seaspan tackles 'huge concerns' over ammonia container ship plans Best way to move forward with project is to be honest and open, designer Sebastian Brindley says
Braemar S&P boss Sebastian Davenport-Thomas leaves as part of internal restructuring Big-name shipbroker will be sought after by rivals, sources say
In pictures: Underwriters run for cover in Edinburgh, but downpours fail to dampen spirits The lively debate carried on after IUMI's opening day washout
Wavelength: Will Russia spoil the product tanker party? Market players may be hoping talk of a ban is just sabre-rattling, let's hope they are right
Owner of ship linked to 'sea mine' explosion in legal dispute with salvors Operator GMZ also denies reports the Seama had sunk or was sinking after blast off Romania
Belgium's Lalemant scoops up ex-Swire Bulk team for new London desk Desk will operate geared bulkers in the Atlantic market as Belgian firm expands its network under new leadership
'Huge concerns': Seaspan fronts up over ammonia container ship plans Best way to move forward with project is to be honest and open, designer Sebastian Brindley says
Atlantic MR tankers set to be losers in new Russian oil export curb Fearnley Securities 'unfazed' over long-term prospects for product tankers by the temporary restriction
Record level of Indian deals pushes VLGCs into new territory at $172,000 Strong US market also continues to make shipowners' day
Evergreen blames boiler malfunction for Ever Oath's loss of power off Vietnam Container ship broke down as it approached Vung Tao
Ukraine grain corridor is rolling with new vessels getting in and out Three bulkers head for Ukraine after two ships make a round trip at the previously blocked port of Chornomorsk
Row brewing as Swiss shipowners warn their flag is dying out Shipping companies reject government proposal to revive national register
Dardanelles traffic suspended as first Gatik vessel suffers engine failure Product tanker is laden with Russian cargo via Black Sea
Braemar widens probe into legacy deals as results pushed back into October UK shipbroker says more transactions dating back to 2006 being checked
South Korean feeder owner CK Line places rare container ship order Company shuns pricey domestic yards and opts for China's CSSC Huangpu Wenchong Shipbuilding
Union Maritime almost doubles its money on aframax duo as 'tanker fever' spreads Brokers and analysts say sale and purchase activity is picking up across the board
In pictures: Dragons take to the waves to net big bucks for Spinnaker's OSCAR charity Dragons roar to net big charity bucks in a 'Cool' finish to London International Shipping Week
New success for Ukraine grain corridor as second ship leaves Chornomorsk Both vessels that defied a Russian blockade and approached the war-torn country have loaded and left
Teapot refiners suck up Iranian crude as tanker owners eye cargoes Euronav says any deal on Iran returning trade to the mainstream would be a 'seismic positive' for the sector
Wilmar Ship Holdings unveils latest MR2 tanker at naming ceremony in China Theresa Lima last of four super-eco tankers built for Singapore owner
Suezmax tanker newbuilding surge in 2023 largest in a decade, says Braemar Greek shipowners have dominated the ordering frenzy this year with one or two yards also dominating
How will Russian ban on diesel exports impact global energy trade? Diesel is an essential fuel for the global economy. The world's second-largest seaborne supplier, Russia, just halted exports.
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