Seaway strike: Negotiations set to resume The St. Lawrence Seaway remains closed to traffic by strike action today. It seems likely to remain closed until some time after Friday, when negotiations are expected to resume. Since the strike
NTSB: Time for action on passenger boat fire detection and extinguishing systems The National Transportation Safety Board has now released its report on the engine room fire that broke out on the passenger vessel Spirit of Norfolk on June 7, 2022. It is again
SEACOR announces sale of SCF to Ingram Barge Company SEACOR Holdings Inc. announced yesterday that it has signed a definitive agreement to sell Inland River Transport Holdings LLC ("SCF") to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.
Kongsberg Maritime and BMA Technology join forces to improve electrical systems in Turkish shipyards Kongsberg Maritime, a supplier of technology, equipment and services for sustainable maritime operations and BMA Technology formed a strategic partnership to help Turkish shipyards with the supply of low-voltage electrical goods and engineering services. BMA Technology is a technology business situated in the Gebze Organized Industrial Zone, east of Istanbul, that provides electrical system solut
Stymied lines face several years of pain, says Drewry "Snookered" shipping lines face up to four years of losses as weak demand, ordering and a lack of demolitions have led to overcapacity, low rates and will ultimately see returns crash. New capacity will hit the water at a rate of around 2 million TEU a year with substantial numbers of ships confirmed on order for delivery between 2024-2026 with Drewry Shipping Consultants' Simon Heaney warning th
Typical Q4 spike in box volumes yet to be seen in Oakland The port of Oakland's September container volume remained relatively steady compared with August box throughput reaching 134,186 TEUs, marking a slight 1.2% increase over the same month in 2022. September's full exports jumped 9.1% year-on-year to 59,757 TEUs, but full imports inched down 4.3% to 74,428 TEUs. For the same month, Oakland's empty imports dropped by 22.8% year-on-year to 11,208 TEUs
ONE changes Philippines Express 2 service port rotation Singaporean container line Ocean Network Express (ONE) decided to adjust the port rotation of the Philippines Express 2 (PHX2) service. The new weekly port rotation will be Singapore - Cebu (Philippines) - Cagayan de Oro (Philippines) - Singapore. ONE noted the updated rotation will start with the 628 TEU boxship Pira Bhum from the port of Singapore on 13 November. "With this change, we provide a
TSA renews cybersecurity requirements for passenger and freight railroad carriers In an ongoing effort to improve the cybersecurity of surface transportation systems and associated infrastructure, the Transportation Security Administration (TSA), a US government agency, announced changes to three security directives (SD) regulating passenger and freight railroad carriers. These modified directives, which were set to expire on 24 October, have been extended for a year and conta
Los Angeles and Guangzhou ports team up to establish Transpacific Green Shipping Corridor Officials from the Port of Los Angeles and the Port of Guangzhou signed a Memorandum of Understanding (MoU) on 24 October to strengthen their ties. The collaboration between the two ports includes the construction of a Trans-Pacific Green Shipping Corridor connecting the two ports, as well as other sustainability measures to minimise port-related emissions and greenhouse gases. Furthermore, the M
Ocean Alliance's dominant era comes after 2M breakup The Ocean Alliance comprising CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation is set to become the largest box shipping alliance once the 2M partnership ends in 2025. 2M's extinction will leave Ocean and THE alliances as the only container shipping tie-ups on long-haul routes, but they will not be of equal scale. Operating 303 container ships of 4.22 million TEU, the Ocean Alliance
PD Ports invests nearly half a million dollars in crane training simulator PD Ports' Tees Dock now has a unique immersive crane simulator that can simulate high-risk events without endangering drivers or other port workers. The GB£400,000 (US$485,000) investment in the Full Mission Crane Simulator by GlobalSim - the only machine of its kind in the north of England - demonstrates PD Ports' commitment to safety and to assisting colleagues in their learning and skills deve
South Pacific International Container Terminal receives new Mitsui hybrid RTGs South Pacific International Container Terminal (SPICT) acquired two new Mitsui hybrid rubber tired gantries (RTGs) as part of its efforts to enhance operation capabilities. Powered by a combination of a smaller diesel engine and lithium-ion battery, the Mitsui hybrids will contribute to more efficient landside operation resulting in faster turnaround time for outside trucks. Additionally, the hyb
One dead, four missing after cargo ships collide in North Sea The British-flagged general cargo ship Verity collided with the Bahamas-flagged bulk carrier Polesie at roughly 03:00 UTC on 24 October in German Bight, about 16 nautical miles north of Langeoog island in the East Frisian Islands. After the two cargo ships collided off the coast of Germany, a dead body was found and two people were saved, as the British vessel sank. Four out of seven crew members
Röhlig Logistics strengthens its presence in Spain with new Madrid office German logistics firm Röhlig Logistics has expanded its footprint in Spain by opening an office in Madrid on 10 October. The company has now presence in three Spanish cities, Barcelona, Bilbao, and Madrid. Albert Mora, general manager at Röhlig Spain, stated, "With Madrid-Barajas airport, Spain's largest air cargo hub, and a dry port linking the city to Spain's main seaports, Madrid boasts excell
KEZAD Group signs expansion deal with Gulf Printing & Packaging Co. Khalifa Economic Zones Abu Dhabi - KEZAD Group has signed a land lease agreement with its client Gulf Printing & Packaging Co. for a new expansion of its facilities in KEZAD Al Ma'mourah. Gulf Printing & Packaging is a printing and packaging specialist company founded in Abu Dhabi in January 2018. This expansion of more than 45,000 m², brings GPP's total footprint in KEZAD to more than 67,000 m².
Liberian Registry opens office in Miami The Liberian Registry, administered by the Liberian International Ship & Corporate Registry (LISCR, LLC), a private US-owned and globally operated company, announced the inauguration of a new office in Miami, Florida. This office will be the major centre for Registration, Mortgage, and Deletion (RM&D) services. The clients will additionally benefit from technical and commercial services provided
Louis Dreyfus Armateurs to order wind-assisted roros for Airbus charter French family-owned shipowner Louis Dreyfus Armateurs (LDA) has been tapped by Airbus, the world's biggest planemaker to renew its fleet of chartered roro vessels. LDA is to build, own and operate three modern, low-emission sips, supported by wind-assisted propulsion. "This new project, setting high targets, reflects our ambition regarding the decarbonisation of the shipping industry," ...
Yara and Navigator pump cash into Norwegian ammonia bunkering startup Azane Yara Growth Ventures, part of Norwegian fertilizer maker Yara, and New York-listed handysize gas carrier owner and operator Navigator Holding are backing Norwegian startup Azane Fuel Solutions which aims to establish a green ammonia fuel bunker network. The duo led a $5.7m investment round, acquiring a 14.5% stake in a joint venture between ECONNECT Energy ...
Celsius boosts LNG carrier orderbook at China Merchants Celsius Tankers, a unit of Danish owner Celsius Shipping, has added to its LNG carrier orderbook in China. The Jeppe Jensen-led owner has taken option on two more 180,000 cu m ships at China Merchants Heavy Industry Jiangsu (CMHI), firming up six units at the yard. A deal, earlier reported by Splash, which marked the ...
Dataloy and Nautilus Labs in maritime decision-making partnership Maritime voyage management system firm Dataloy and US maritime artificial intelligence firm Nautilus Labs have teamed up to design a unified maritime decision-making platform. The integration will leverage Dataloy's robust API infrastructure, allowing Nautilus Labs to ingest vital maritime data - from noon reports and commercial specifics to pertinent environmental metrics. Using this source of ...
Just-in-time port calls could slash boxship emissions by at least 5% Global adoption of just-in-time (JIT) port arrivals in the container shipping sector has the potential to diminish emissions by 5%. This reduction translates to roughly 17m tonnes of CO2 emissions annually, according to a recently published white paper. The 'Untapped Potential of Just-In-Time Port Arrivals' white paper is based on findings of field trials conducted ...
Russians drop explosive devices along Ukrainian grain corridor The Russian Air Force has reportedly dropped at least four explosive devices into the transport routes of the unilateral Ukrainian grain corridor. "For several days, there were no flights of Russian aircraft in the area of sea transport routes. However, on October 25, they intensified their activity and dropped four explosive devices. Presumably, this is ...
MSC selects Hamburg series for supersize treatment Many of the world's largest liners have embarked on supersizing their ships in order to to reduce emissions per container carried. The latest carrier to engage a yard to add slots to existing ships is Mediterranean Shipping Co (MSC). The is the first of what is expected to be six sisterships going in for expansion ...
Growing dominance of the Ocean Alliance risks running the wrath of regulators The Ocean Alliance risks running the wrath of regulators given how large it is set to become in the coming years, new analysis from box watchers at Alphaliner suggests. The Ocean Alliance, whose members are Evergreen, CMA CGM, COSCO and its subsidiary Orient Overseas Container Line (OOCL), have an agreement in place to work together ...
Inconsistencies of the upcoming EU emissions trading system laid bare With just over two months to go until its implementation, the European Union's emissions trading system (EU ETS) is proving to be as contentious as the 2020 scrubber debate. The lead story in this month's Splash Extra identifies the inconsistencies with the new regulation with suggestions for urgent patches to make the ruling more functional. ...
Korean shipyard seeks bank protection Shipbuilding might be enjoying record-long orderbooks and elevated prices, but margins remain wafer-thin for many as evidenced in South Korea where one of the nation's oldest shipyards has applied for a debt workout with its main creditor. Busan-based Daesun Shipbuilding & Marine Engineering, whose history dates back to 1945, has sought debt protection from the ...
Grindrod offloads four bulkers Singapore-based bulker owner Grindrod Shipping has continued its ship sale campaign, confirming the exit of two ultramaxes and deals for a pair of handysize units. The Ed Buttery-led company has confirmed Splash reports of an en-bloc deal for Japanese-built ultramaxes, IVS Hayakita, built in 2016, and IVS Bosch Hoek, built in 2015. The duo was ...
Crowley to launch LNG bunkering at Pacific end of the Panama Canal American maritime conglomerate Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services. Crowley's advanced energy group will operate the ship-to-ship LNG transfer services from next year. ...
TechnipFMC scores work on Woodside's Trion project off Mexico Offshore contracting giant TechnipFMC has been awarded a contract to manufacture flexible pipes by Woodside Energy. TechnipFMC said that it would supply infield flowlines and jumpers for the Trion project in deepwater Mexico. According to the company, this award was included in inbound orders in the third quarter of 2023. "We worked with Woodside to ...
MOL fixes sixth LNG newbuild to JERA Japanese shipowner Mitsui OSK Lines (MOL) has sealed another long-term charter deal with compatriot power generation major JERA for a newbuild LNG carrier. The 174,000 cu m vessel will be built at South Korea's Samsung Heavy Industries, for delivery in 2027 and managed by MOL. This is the sixth contract, following a time charter agreement ...
New York awards contracts for three offshore wind projects New York has awarded conditional contracts for three offshore wind projects as part of the largest state-level investment in renewable energy in US history. In the most competitive offshore wind solicitation in the US, the New York State Energy Research and Development Authority selected three new offshore wind projects totalling 4,032 MW of clean energy ...
Allseas secures work on Rotterdam carbon capture project Offshore construction specialist Allseas has been selected for the subsea pipeline project of the Porthos carbon capture and storage (CCS) project in the Port of Rotterdam, the first development of its kind in the Netherlands. Porthos, a partnership between EBN, Gasunie and the Port of Rotterdam Authority, will transport CO2 from industrial sites in the ...
Semco and PTSC awarded Taiwanese wind farm contract Semco Maritime and PTSC Mechanical & Construction (PTSC M&C) consortium has won an engineering, procurement and construction (EPC) contract from Copenhagen Infrastructure Partners for a 500 MW offshore substation in the Feng Miao offshore wind farm project in Taiwan. This is the third offshore substation project awarded to the consortium since the first collaboration in ...
Scrubbers on steroids: EU ETS proving deeply controversial with two months to go With just over two months to go until its implementation for shipping, the European Union's emission trading system (EU ETS) is proving to be as contentious as the 2020 scrubber debate. The new regional regulation is set to begin implementation on January 1, 2024, and opinions on it are divided into two completely opposing sides ...
Reporting on shipping's darkest secret At all Splash-owned titles we've never shied away from reporting the tough issues, however contentious and depressing they might be. This has seen us being sued, for instance, over our ongoing reporting of crew abandonment. It has also seen our team bash heads against brick walls as we struggle to enact change to some of ...
October 2023 Review War broke out between Israel and Hamas with shipping currently minimally effected. One Israeli port, Ashkelon, situated 10 km north of the border with the Gaza Strip, has shut and queues have been detected at Haifa. A tight tanker market has seen some rallying on the back of the tension in the Middle East. The ...
War drums and tankers As the internet gets itself into a lather about events in Israel and in Gaza, uncertainty in real life (IRL as the twitterati call it) about conditions in the Middle East led to rising oil prices in October with Brent rising to over $96 a barrel at one point and settling around $92.5 by October ...
Momentum building for dry cargo China's steel sector remains in the doldrums as "market players are taking a fence-sitting attitude" after the Golden Week holiday according to analysts at ChinaSteel. Iron ore prices have stabilised a few dollars either side of $120 per tonne. Yet freight rates for iron ore from both Brazil and Australia to China have ballooned in ...
Containers: Brace, brace US west coast imports rose in September but only because the shuffling of unloading to east coast ports reversed due to the queues at the Panama Canal. Jonathan Gold, vice president for supply chain and customs policy of the National Retail Federation (NRF), told reporters that cargo volumes for the balance of 2023 would be ...
Analyst Abstract Dry Bulk There's a lot of conjecture - including here at Splash Extra - about the potential for India to be the 'new China' in terms of sending profits for shipowners spiralling. One area that impresses is in steel. Having established itself as the world's fastest-growing centre for steelmaking, India's crude steel production jumped by ...
'If you can't buy apples, buy oranges' Capesizes became hot property in October in line with rates topping $30,000 a day and the impossibility of getting prompt deliveries from yards in Asia for the largest bulk carriers. In a sign of a market clearly heating up Chinese-built tonnage is now being sold at the same level as Japanese-built tonnage was sold at ...
What keeps shipowners up at night? What are we worried about that we shouldn't be worried about, and what are we not worried about that we should be worried about? This was a question posed from the floor at the Monaco Yacht Club at the latest Maritime CEO Forum by Richard Diamond from Dallas-based Castlewood Capital Partners and it was one ...
The dark side Andrew Craig-Bennett gives readers his take on the rise of the shadow tanker fleet. In 1995, I wrote in a column that "good" shipowners, of whom there are several, the people who look after their ships and their crews, whose immaculate ocean greyhounds arrive with pretty much the cargo that they set out with, and ...
Yara and Navigator Gas invest in ammonia bunkering start-up Key investment from major stakeholders to take Azane closer to a final investment decision on its first Scandinavian ammonia bunkering...
Piraeus port posts record results despite blip in container throughput Cosco-controlled port reports increased revenues in most operating segments
Russian move to acquire seized Mariupol ships branded 'plainly unlawful' A government body has asked to formally transfer ownership of Smarta and Blue Star I that were seized by Russian...
Volatile VLGCs climb back over $100,000 per day Propane price arbitrage continues to favour the US, as wide discounts compared to Asia and Europe prevail. The price differentials...
K+N sees little sign of inventory restocking K+N's results for the first nine months were well down on last year. But they remain higher than those achieved...
Fake seafarer medical certificates changing hands for $200 Fewer than 1% of PEMEs fraudulent, argues Nigel Griffiths of Marine Advisory Medical Service
Carriers face 'car crash' year in 2024 The relentless drive for capacity at a time of falling demand is having a predictable effect on freight rates. The...
Wallenius Wilhelmsen firms up methanol-fuel PCTC order at Jinling Shipyard The newbuildings are methanol capable and ammonia ready
Search for Verity survivors called off Details emerge of vessel's hull & machinery and P&I cover
Crowley plans LNG bunkering in Panama Canal Crowley says it is planning to launch to first-ever LNG bunkering service in the Panama Canal's Pacific side. Earlier this...
OSG seizes opportunity to slash outstanding debt Tampa-based company says it will realise a $911,000 gain and cut interest expense by $1.7m following repayment of the debt...
Daily Briefing Seafarers held for months in Kaohsiung hotel after three-way wrangle on wreck removal costs | British ship Verity sinks in...
Railroads wait for international intermodal rebound amid some Q3 gains International intermodal volume in North America fell in the third quarter year over year, but there are glimmers of optimism among some US railroads.
Kuehne + Nagel sees no inflection point yet for global freight recovery The world's largest ocean forwarder by volume said that despite an uptick in container freight during the third quarter, many customers still have too much inventory on hand from prior years.
Retailers pivot in fast-moving trans-Pacific as carriers accelerate blank sailings Facing the prospect of low-single-digit volume growth through the Lunar New Year in February, carriers so far this month have effectively reduced almost 22% of trans-Pacific capacity through blank sailings, according to Sea-Intelligence Maritime Analysis.
Sharing cost burden remains powerful obstacle to shipping decarbonization As activity heats up around decarbonization, there remains the stubborn fact that an unofficial law of container shipping, which dictates that shippers will always seek the lowest price or at the very least cost parity with peers, is exerting powerful resistance to the forces of climate progress.
Capesize spot market may rebound from correction after China bond move, analysts say Issued debt could cause 0.5% jump in dry bulk trade, Clarksons Securities analyst Frode Morkedal says
By George, Performance Shipping just says 'no' to Economou tender Offer deemed too low and requiring actions beyond the power of company board
North American LNG bunkering gears up with new infrastructure Crowley targets Panama Canal as Seaside LNG takes delivery of barge for Gulf of Mexico
Imperial Petroleum buys back $1.9m worth of stock in profitable quarter Principal Harry Vafias says repurchase of $600,000 in warrants also should help share price
'All hope lost': Death toll from UK ship sunk in the North Sea reaches five Germany mulls removing fuel oil from the wreck of the 3,400-dwt Verity
Yara and Navigator buy into pioneering ammonia bunkering company Azane Producer and shipowner lead new investment round as start-up moves to construction phase
SSY partner Rupert Lawson leaves brokerage in shock exit Head of tankers departs in wake of rebranding
OOIL appoints Chen Yangfan as CEO in management shake-up Parent company of Hong Kong container line OOCL rings in the changes
Louis Dreyfus to order methanol and wind-powered ro-ros for Airbus charter French shipowner will renew three-ship fleet for bigger contract
ABN AMRO putting its money where its mouth is on shipping transition New methanol shipping fund gives Dutch lender the chance to get on with financing decarbonisation
Wavelength: Will the International Energy Agency's oil warning hit tankers? Agency's annual outlook says oil, gas and coal use is still 'far too high' to meet the UN climate target
P&I rate rises will 'taper off', predicts broker Lockton Marine Report indicates improved claims situation is easing the financial pressures on mutual insurers
OOIL appoints Chen as CEO in management shake-up Parent company of Hong Kong container line OOCL rings in the changes
Bearing AI launches first container ship emissions tracker with Hapag-Lloyd Mitsui & Co-backed Silicon Valley company has been working with German line on new product
Russia looks to China for shipbuilding expertise Government announces launch of 'megaprojects' that include shipping to avoid reliance on foreign components
Grindrod Shipping boosts bank balance with sale of two debt-free bulkers Company keen to pay down debt as part of integration with Taylor Maritime Investments
Proman's Andrew Craig reveals big plans for methanol newbuilding fund Swiss producer's finance chief says new LEMSCO operation will finance its own fleet renewal - as well as helping other owners
Great Eastern secures modern MR tanker from Japan on five-year deal Indian owner said to have booked its newest vessel from Fuyo Kaiun
Ukraine claims four mines dropped in grain shipping corridor by Russian air force Country's Operational Command South says devices landed in navigation lanes
Celsius hits its 20 LNG ship target as it bumps up China orders But will company top this as it racks up more optional slots with yard?
JP Morgan ups methanol-fuelled MR tanker newbuildings at China's GSI US bank has a total of six ships booked at state-owned Chinese shipyard
GTT reaps revenue rewards as LNG carrier orders surge Company declares resumption of LNG-as-fuel activity as it pulls in fresh contracts
GTT reaps revenue rewards from high level of LNG carrier orders Company declares resumption of LNG-as-fuel activity as it pulls in fresh contracts
Ukraine highlights ship damage in effort to derail Russia IMO bid Russia is facing a tough battle to secure re-election to the executive body at shipping's global regulator
Golden Energy Offshore boss Per Ivar Fagervoll adds to holding with $241,000 of share buys Alesund-based owner's director Morten Muggerud also buys stock in subsequent offering
Greek shipping dominates as Intercargo expands membership amid regulatory uncertainty Dry bulk owners' association has come to represent about a third of its industry
MOL confirms Samsung Heavy LNG carrier order as Jera steps in with charter Japanese owner signs up sixth vessel with domestic energy trader
Intercargo membership climbs to new highs amid decarbonisation fears Dry bulk owners' association has come to represent about a third of its industry
MOL confirms Samsung LNG carrier order as Jera steps in with charter Japanese owner signs up sixth vessel with domestic energy trader
Jaldhi Overseas confirms debut order for LPG carriers New gas carriers earmarked for India's growing gas trade
Sanmar Shipping aims for 20-ship fleet expansion with Singapore launch Indian shipowner looks to expand in tankers and gas but does not rule out dry bulk return
Comment: Coalitions of the willing are needed to face shipping's new age of accountability Global Maritime Forum shows that solving the complex problems of decarbonisation requires fresh thinking and new alliances
Pareto Bank sees shipping loan book shrink as shipowners make 'steep' repayments Number of clients shrinks at Oslo-listed niche lender
Nigeria turns to 'tiny tankers' to boost shipments due to pipeline outage Small river vessels are pressed into service to get crude onto conventional ships
Columbia Shipmanagement advances 'march eastwards' with new manning agency in Vietnam Ship manager says expansion into Asian nation was a natural step for the company
Jonathan Chappell regains top position as 'dean' of analysts in shipping sector rankings Evercore's veteran researcher tops Institutional Investor's annual rankings after two-year hiatus
Columbia goes direct with new manning agency in Vietnam Ship manager says expansion into Asian nation was a natural step for the company
Columbia looks to tap Vietnamese seafarers as crew with new manning agency Ship manager says expansion into Asian nation was a natural step for the company
AET exits stainless-steel chemical tanker segment as Bunga Lily sails on to new owner Vietnamese buyers have snapped up AET's entire sextet of L-class chemical tankers over the last four years
Sanmar Shipping seeks to grow fleet to 20 ships as it opens up in Singapore Indian shipowner that is looking to expand in tankers and gas does not rule out a move back into dry bulk
Crown LNG's Knutsen keeps all options open to deliver Scotland's FSRU Crown LNG kicks tyres on 170,000-cbm carrier and likely conversion candidates
Crown LNG reinvents offshore regas as it pursues FSRU for Scotland Company is reviving gravity-based structure concept as it files for US listing
Troubled Dae Sun Shipbuilding forced to delay newbuildings But the shipyard's day-to-day operation will not be affected, say managers
Offshore wind recruitment firm targets Singapore IPO The growing company plans to increase its footprint in the US as well as Poland and Denmark
CargoX consortium leads development of Uganda's trade facilitation platform This is CargoX's second sizable partnership aimed at bringing more efficient import and export practices to global markets.
War increases Israel's demand for imports Israel won't be able to produce as many goods for its economy because of the war it is waging. Some logistics providers are increasing their capability to deliver imports to the country by air and ocean.
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