VIDEO: Capital Ship Management takes delivery of future-proof tanker Piraeus, Greece, headquartered Capital Ship Management Corp. has taken delivery of a "future-proof" tanker, that looks to be "ready," in class society terms, for almost anything. Built by Hyundai Vietnam Shipyard Co
Towboat pilot did not report $2 million bridge strike The National Transportation Safety Board has issued its report on a December 23, 2021, incident in which a barge tow struck a highway bridge. Though the bridge incurred $2 million in damage,
Werft Shipbuilding books order for versatile catamaran workboat A green and versatile catamaran workboat is set to be at work on Netherlands inland waterways by the end of the year and it's being hailed as a "local masterpiece" by the
CN Photo Project: The Picture of the Week Container News wants to thank you all for your participation in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Week"! Title: The Hans Schulte ready to start loading at sunrise as she joins her new service in Houston - Photo taken by Henry Kadoch The Hans Schulte ready to start loading at
Plunge in Asian container exports to US in January Container exports to the United States from 18 Asian economies declined by 20.1%, reaching 1,468,276 TEUs in January, according to the Japan Maritime Center (JMC). Container movement on the route has lost momentum as it was much more robust in the previous year, and there has been a year-on-year contraction for five months in a row. Exports from China to the US plummeted by 25.4% to 822,047 TEUs,
Kenya Ports Authority digitalises cargo processing services To meet the administration's goal of turning paperless in its operations, the Kenya Ports Authority (KPA) has moved its cargo handling services to the government site e-Citizen. "The move will increase efficiency as we can track our transactions and identify whenever there's a delay. We are asking the government to move to other state agencies to make our ports efficient to reduce the cost of han
Ports of Halifax and Hamburg sign agreement to develop "Open Innovation Platform" The two port authorities of Hamburg and Halifax have officially inked a memorandum of understanding (MoU) to set up a joint maritime innovation network platform. The PIER, a global centre of excellence for research and collaboration in port innovation, planning, and strategy in Halifax, Canada and homePORT, an innovation campus located in the port of Hamburg in Germany are "very similar", accordi
MDL Forwarding introduces new link between Russia and Latin America MDL Forwarding has announced its second regular deep sea service, called Marex, between Russia and Latin America. The first vessel will depart from the Terminal of Sea Fish Port to the Brazilian ports of Paranagua and Santos on 18 February The transit time of the new service will be 25 days with the first vessel departing from the Terminal of Sea Fish Port to the Brazilian ports of Paranagua and
FESCO launches new line to connect India, Türkiye and Russia FESCO Transport Group has announced the launch of a new service between India and Russia, the third deep-sea container service of the Russian transportation company. The new FESCO Indian Line will link Novorossiysk (Russia), Ambarli (Türkiye), Nava Sheva (India) and Mundra (India). FESCO noted that transportation of dangerous cargo will be allowed. The new service will have a fortnight frequency
GSBN, Kaleris partner on digital supply chain solutions Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system, announced at TPM Tech a collaboration with Kaleris, a provider of supply chain technology solutions. Kaleris' premier brand of terminal operating systems, Navis, is deployed by more than 500 terminals around the world. By connecting GSBN to the Kaleris Exec
Boxship runs aground on Greek island The 1,076 TEU container ship MED Cerkezkoy run aground onto the west coast of Tilos island on the Aegean sea in Greece at around 02:00 (UTC) on 24 February. The 146-metre-long vessel, operated by 17 Turkish seafarers, was sailing from the port of Piraeus in Greece to the port of Latakia in Syria. According to Greek media, two vessels of the Greek coast guard are already on the scene of the incide
India's short-sea carrier Shreyas Shipping adds box vessels to upgrade fleet Shreyas Shipping and Logistics, India's largest short-sea shipping services provider, has acquired two container ships to replace older tonnage in its fleet. The Mumbai-based company recently inked agreements for one 2,872-TEU ship and another 2,553-TEU ship. Both vessels are expected to join its fleet shortly. At present, the company has a fleet of 13 vessels, including 11 box carriers and two d
Safetrans to connect Chinese giant ports with Morocco and Russia Safetrans, an affiliate of Transfar Shipping, will launch a new service between China and Russia, according to DynaLiners. Safetrans aims to link China with Morocco and the port of St. Petersburg in Russia and, therefore, will commence a new service on a fortnight basis with the following port rotation: Qingdao (China) - Shanghai (China) - Ningbo (China) - Guangzhou (China) - Tangier (Morocco) -
Transmetrics closes funding round to accelerate AI-powered tools Transmetrics, a cutting-edge AI platform designed specifically for the supply chain sector, announced the successful completion of a US$2.6 million funding round. Nowadays, according to Transmetrics, transportation service providers still plan their resources primarily in Excel, relying on the expertise and intuition of planners. Transmetrics' software automates logistics planning by leveraging p
Maersk, CMA CGM announce changes in joint Europe - East Coast South America services Maersk and CMA CGM have decided to make some adjustments in their joint Samba/SAFRAN and BossaNova/SIRIUS services, which link Europe with the East Coast of South America. Firstly, Samba/SAFRAN will call the port of Rio Grande in Brazil with the 9,669 TEU vessel Cap San Marco being the first boxship to call the Brazilian port with an estimated time of arrival (ETA) on 4 April 2023. The new servic
Porto Itapoá, first port in South America to use remote-controlled RTGs Porto Itapoá in Brazil will be the first port in South America to use remote-controlled rubber tyred gantry cranes (RTGs). The Brazilian container port bought ten machines, at a cost of more than US$25 million, to improve the terminal's operational speed. According to the port, the first cranes will arrive in May, with the second wave arriving in November of 2023. The latest RTGs have the ability
Largest wind-assisted shortsea roro returns to service Luxembourg-headquartered CLdN is bringing back its roro into service following a successful retrofit of two tilting rotor sails. The 2018-built vessel is the first in the CLdN fleet to be fitted with the system and will return to service from Zeebrugge, Belgium, as from February 27. Delphine, which transits between the UK, Ireland and mainland ...
Shipping Corp of India assets split up ahead of privatisation bid The protracted bid to take Shipping Corp of India (SCI) private has passed another key hurdle with the government approval for the demerger of its non-core assets. SCI has received approval from the Ministry of Corporate Affairs to separate non-core assets of the company into a new entity, a move seen as a significant step ...
Burnt boxship docks in Riga A fire-struck, evacuated boxship has been boarded, brought under control and towed into the port of Riga where it is now moored alongside a terminal. The Dutch-registered 1,349 teu suffered a blaze earlier in the week while transiting the Baltic Sea. Images of the ship show the funnel has been badly burnt. All 15 crewmembers ...
Subsea 7 scores Petrobras pipelay support vessel extension Oslo-listed Subsea 7 has won a sizeable award from Petrobras for one of its pipelay support vessels (PLSV) offshore Brazil. The deal worth between $50m and $150m will see an existing contract for the 2016-built extended from February until November 2023. "This extension reflects our track record of delivering successful PLSV activities in Brazil, achieving ...
Deep Value Driller charters out drillship to Saipem Norway-based Deep Value Driller has landed a bareboat charter deal with Italy's Saipem for the seventh-generation drillship . The 2014-built rig, formerly known as Bolette Dolphin, will be fixed to Saipem for around three years, with options to extend the charter by up to one year. Deep Value Driller said the contract adds approximately $160m ...
Saipem and Seaway 7 join forces on fixed offshore wind Italy's Saipem and Oslo-listed offshore wind service specialists Seaway 7 have teamed up to jointly identify, bid on, and execute fixed offshore wind projects. The two companies stated that they will pursue projects in which the combined use of their assets, technologies, products, and competencies will result in "significant synergies" and "improve project economics." The ...
Global Shipping Business Network collaborates with Kaleris Hong Kong-based blockchain platform Global Shipping Business Network (GSBN) will collaborate with Kaleris, a provider of supply chain technology solutions. Kaleris' premier brand of terminal operating systems, Navis, is deployed by more than 500 terminals around the world. By connecting GSBN to the Kaleris Execution & Visibility Platform, a cloud-based logistics solution that optimises the ...
ILWU, PMA issue update on contract talks The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced in a joint statement on February 23 that they continue to negotiate and "remain hopeful of reaching a deal soon." The parties have agreed not to discuss negotiations in the media as collective bargaining continues. Negotiations for a new collective bargaining ...
US Interior Department proposes first-ever offshore wind sale in Gulf of Mexico The US Department of the Interior is proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The proposed sale notice (PSN) includes a 102,480-acre area offshore Lake Charles, Louisiana, and two areas offshore Galveston, Texas, one comprising 102,480 acres and the other comprising 96,786 acres. BOEM is seeking public comments on which, ...
Ukraine establishes $500m marine insurance fund Ukraine deputy prime minister announces the creation of a new $500m insurance fund offering compensation for possible damages to civilian...
Renewable diesel to lift Jones Act tankers, says company chief Push in Pacific states incentivising renewable diesel will send more tankers from the US Gulf to west coast through the...
GasLog cites better spot market for higher earnings Company was delisted from the New York Stock Exchange two years ago when BlackRock invested a 45% stake
Do the legal trade with Russia. But stay the right side of the line It is pointless admonishing owners to act like conscience-stricken peaceniks. Where there is a legal buck to be made, somebody...
Pacific Basin chief has appetite to grow fleet Hong Kong-based company is looking to acquire modern, Japan-built secondhand ships for its growth aspirations
Singapore faces challenges with green bunkering As one of the leading bunker hubs in the world, Singapore wants to produce its own green fuel for shipping...
The Lloyd's List Podcast: Why don't shipping companies have a credible ESG plan? Most ESG ambitions triumphantly announced by shipping companies still lack depth, detail and credibility. While the large corporates are racing...
Taylor Maritime chief sets out long-term vision for diversified fleet Company's medium-term aim is to cut debt by selling ships and use cash from what is expected to be a...
Contract box freight rates set to continue fall as spot rates bottom out Container lines can afford to let spot rates fall while contract volumes keep voyages profitable. But contract rates are set...
Okeanis boosted by soaring VLCC and suezmax rates Company says 78% of available VLCC spot days booked at an average of $91,700 per day in first quarter
Buyers return to boxship sale and purchase market 'We've had a much more active January and February than we were expecting as prices have corrected downwards,' said one...
Cosco Shipping Ports acquires Xiamen container terminal A subsidiary of Cosco Shipping Ports will wholly own Xiamen Ocean Gate after a 794m Yuan share purchase
Gram Car Carriers confirms PCTC charter rates increase Norway's Gram Car Carriers has secured new time charters for two 2,000 car capacity vehicle carriers at double the rates...
State of the Jones Act 'never been better' Critics described the Jones Act as protectionist and costly to the US consumers, while proponents point out its crucial role for...
Daily Briefing Russia set to be ousted from IMO Council | Cyprus calls on Brussels to deliver on industry support | Euronav...
Skyports expands ship-to-shore drone service into South Korea Ship-to-shore drone company is expanding across the Asia-Pacific region
Rotterdam's LNG imports up 64% as Europe seeks Russian gas substitute Port of Rotterdam handled 467.4m tonnes of cargo last year, which was a slight decline from 2021
TPMTech23: Retailers seek to make supply chain visibility data more useful Shippers are gaining better supply chain visibility, but now they must step up their game and better manage and integrate the data they are receiving from transportation providers, technology companies told TPMTech23.
Rate hikes resurface on India-US trades as carriers try capacity readjustments Encouraging carriers in their somewhat tentative bid to raise rates from recent lows are India's trade indicators, including the country's role as a sourcing alternative to China.
More investment headed to US last-mile delivery market Transportation providers of all sizes, from Maersk to Pitt Ohio, are searching for last-mile delivery options as customer and consumer demand evolves.
Idle domestic containers being stacked as intermodal volumes tumble Volume declines are forcing intermodal providers to stack containers, unable to find cargo to fill the boxes because shippers have too much inventory, while trucking prices are so low that the freight is moving on highways.
World Fuel Services sees 'record' 2022 profits from bunkering business Higher prices and interest rates helped the segment to its best-ever result
Dry bulk market picks up as iron ore shipments to China rise Baltic Dry Index hits five-week high as spot rates for all bulkers improve from a week ago
Russian shipowner lands on extensive US sanctions list Pola Raiz and its entire fleet of general cargo ships was blacklisted alongside more than 200 others by the US on Friday
Approved: Atlas Corp shareholders give thumbs up to Poseidon take-private merger Shareholder vote paves way for Seaspan Corp parent to end life as a public company as early as 31 March
Podcast: As the Northern Lights shine, future of shipping carbon draws nearer Green Seas' audio edition explores the future of CO2 shipping as industries begin to capture their greenhouse gas emissions
Russia product carrier fleet growing for new long-haul trades Increased oil on the water signals longer voyages rather than difficulties in finding buyers
Green Yard Kleven manager dies in crane accident Norwegian shipyard manager dies after heavy object falls from a crane
Crane accident kills Green Yard Kleven employee A Norwegian shipyard employee has died after a heavy object dropped from a crane at the Green Yard Kleven scrapyard
Wave of giant container ships hits the water as demand wanes MSC, Hapag-Lloyd, ONE and OOCL are poised to take delivery of the vast vessels
Winning Shipping amasses 40-strong capesize fleet with Kitaura Kaiun buy Strong activity in the capesize sale-and-purchase market continues ahead of expected revival
'Shipping is in our blood', says Manos Sofronis of insurance broker Oneglobal Executive team of Athens-based insurance broker reveals the secret of the company's success
Siem and Blystad's Seaway 7 forms new wind shipping venture with Saipem Shipowner aiming to win fresh contracts
Editor's Selection: A grim anniversary, P&I renewal shake-up and the latest boxship newbie failure TradeWinds takes a look at some of the biggest and best stories of the week
Russia's first super-size FSU leaves shipyard on route to Russian Arctic waters The second unit is set to head to the eastern end of the Northern Sea Route off the Kamchatka Peninsula later this year
Lauritzen Bulkers strikes deals for 16 new handysize ships after selling fleet Vessel renewal progressing rapidly at the Danish group after a very profitable 2022
Russia's first supersize FSU leaves yard on route to Russian Arctic waters The second unit is set to head to the eastern end of the Northern Sea Route off the Kamchatka Peninsula later this year
Coast guard swings into action as MSC container ship grounds in Greece No pollution reported after feeder vessel got stuck off island
Crew of detained VLCC have only limited contact with families Indian seafarers' organisation say it is 'disgraceful' that the situation is yet to be resolved
Lauritzen Bulkers strikes deals for 16 new handysizes after selling fleet Vessel renewal progressing rapidly at the Danish group after a very profitable 2022
Japanese fronthaul meets Norwegian backhaul in specialised Saga Welco pool A decades-long international cooperation is NYK Line's answer to how to balance fronthaul and backhaul in a specialised niche shipping fleet
Freedom Holding strikes $400m deal for shipping investment bank Maxim Group New York outfit works with listed Greek owners but has angered some shareholders with dilutive share issues
First laden Q-Flex LNG carrier squeezes through Panama Canal Vessel undertakes pioneering transit of the waterway four years after passing through in ballast
Gram clinches car carrier charters worth $61m as market stays hot Norwegian owner ties up two more vessels over three years
Costamare Bulkers seals six-vessel newcastlemax deal with Germany's RWE Start-up platform has wasted no time in making fixtures - more than half of its fleet now comprises newcastlemaxes
TotalEnergies' Cousin looks to grow dual-fuelled tanker fleet as major probes future fuels Energy major regroups its shipping activities into one unit under leadership of former LNG carrier chief Jerome Cousin
French major's 'One Shipping' steps up with Jerome Cousin at helm TotalEnergies new departmental chief sees need to offer longer charters to support owners in switch to new technologies
Freedom Corp strikes $400m deal for shipping investment bank Maxim Group New York outfit works with listed Greek owners but has angered some shareholders with dilutive share issues
'What the f***?': MSC Apollo liable for bulker crash after wrong turn Judge finds fault lies with container vessel after collision with VLOC off China
Skytek satellites spot 58 ships worth $440m trapped in Ukraine Company says eight vessels have been damaged in attacks
To hire or not to hire? 'Legitimate' ship questions mount amid Russia sanctions Charterers are avoiding tankers with immediate Russian history but the situation is rapidly evolving
Post-invasion FSRU grab cleans out fleet and spurs fresh models Vanishing regas vessels leave dent in trading fleet as Europe abandons pipeline gas imports for seaborne LNG
Russia oil price cap should be scrapped, say campaigners The system is not working and has failed to limit Russian exports, NGOs claim
Winning amasses 40-strong capesize fleet with Kitaura Kaiun buy Strong activity in the capesize sales and purchase market continues ahead of expected revival
Tanker shipowners feast on bitter fruits as Putin's war rages on There are few winners as the world marks a grim anniversary, and even fewer celebrating
Ukrainian seafarer calls on colleagues to be 'warriors at sea' Young crew member wants Ukraine to maintain its status in shipping circles one year on from Russian invasion
Ukraine war: Geopolitics defines increasingly siloed Russian fertiliser business Self-sanctioning means few owners will deviate to other trades
Ukraine war: One year on from the day that reshaped shipping TradeWinds' reporters look at some of the ways Russia's invasion of Ukraine reshaped shipping
Chinese bulk carrier abandoned off Russia after hull 'breached by ice' Crew safe after evacuation of the Yong Xing 56 in the Tatar Strait
Probe begins as fire extinguished on JR Shipping container ship Dutch manager says the crew safely disembarked the Escape that was then towed towards Latvia
Eidesvik puts seismic fleet up for sale as it forms a fresh joint venture Norwegian offshore owner is exiting the survey sector as it teams up with Reach Subsea to buy the IMR vessel Edda Sun
Greek cruise company Celestyal scoops up Iliopoulos-owned ship Celestyal Cruises plans to spent $21m on refurbishing Aegean Goddess before returning it to service
Okeanis Eco Tankers reveals huge rates for VLCCs and suezmaxes in 2023 after record profit Greek owner follows up fourth-quarter cash bonanza with big bookings so far in 2023
John Fredriksen's Seatankers sells its last crude ships ahead of fresh deliveries Tycoon linked to further tanker disposals after Frontline reduced its fleet size earlier this month
Yangzijiang Shipbuilding to develop LNG import terminal in China Shipbuilder aims to build an integrated LNG supply chain in the upstream Yangtze River region
Russia accuses Bangladesh of banning its ships at US' behest Kremlin spin doctor blames pressure from the US. Did she forget Russia's bombing of a Bangladeshi bulker a year ago?
Svitzer Marine fined $2.4m over 'totally avoidable' death of chief engineer Maersk company pleads guilty to failing to operate a vessel safely and failing to provide a safe system of work
One year later: How Ukraine-Russia war reshaped ocean shipping After a year of sanctions and "self sanctions," shipping cargoes caught in the crossfire continue to find their way to buyers.
ATSG expects 5% dip in usage of cargo aircraft in 2023 Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
Qantas to add more A321 cargo jets for e-commerce Qantas wants to capitalize on Australia's e-commerce boom by increasing the number of freighters used to quickly haul packages around the country.
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