MSC World Europa completes first Marseille LNG bunkering MSC Cruises' MSC World Europa has completed its first LNG bunkering at the Port of Marseille Fos in southern France. TotalEnergies Marine Fuels' chartered LNG bunker vessel, the Gas Vitality, refueled the
WETA wins $13.8 million grant to electrify ferry facilities The San Francisco Bay Area Water Emergency Transportation Authority (WETA), the agency that provides the San Francisco Bay Ferry service, has won a $13.8 million grant from the California State Transportation Agency
Port of London Authority to upgrade its VTS system The Port of London Authority (PLA) has chosen NASH Maritime, a shipping, navigation and maritime risk consultancy, to assist in the upgrade of its Vessel Traffic Services (VTS) system. VTS systems are shore-side software systems that enable the safe management and coordination of vessel traffic and marine operations within a port or waterway. To develop the specification, the project team underto
CMA CGM announces overweight surcharge update from Asia and India East Coast to Nigeria CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria that will take effect on 28 April. The French ocean carrier will implement a fee of US$250 per 20' dry container with a container gross weight equal to or over 18 tons from China, South East Asia, North East Asia, and the East Coast of India to Nigerian ports of Tincan, Apapa, and Onne. CMA CGM said
cargo-partner launches new transhipment point in the Netherlands cargo-partner has opened a new Transhipment Point (TSP) in Roermond, Netherlands in collaboration with the company's strategic groupage partner sim freight, offering daily departures to a network of European destinations. The hub has two purposes, to become a handling point for consolidating outbound cargo, and a connection point for transferring cargo from one vehicle to another while in transit
Peel Ports to run sustainable infrastructure projects Peel Ports developed a partnership programme and secured long-term agreements with a number of consultants to support vital projects across its operations. More specifically, a range of companies have been selected for the expertise and will support the delivery of the port operator's capital investment programme for up to eight years. The programme partners include Ramboll, Jacobs, Turner & Town
Maersk and CMA CGM among partners for establishing a green methanol bunkering hub at Melbourne port The Port of Melbourne, Maersk, ANL (a subsidiary of CMA-CGM), Svitzer, Stolthaven Terminals, HAMR Energy, and ABEL Energy have signed a Memorandum of Understanding (MoU) to investigate the commercial potential of building a green methanol bunkering centre at the Port of Melbourne. The collaboration will examine a potential project involving the transportation of green methanol from production sit
Global Ports establishes its own container fleet Global Ports Group aims to create its own container fleet, consisting of 4,000 specialised boxes that will be used to transport, store and handle bulk cargo. With this equipment and in partnership with Russian intermodal container operator TransContainer, Global Ports is launching a service which is expected to enable manufacturers to ship bulk cargo by block trains from their own manufacturing f
TotalEnergies Marine Fuels and MSC complete first LNG bunkering operation in Marseille for biggest MSC Cruises ship TotalEnergies Marine Fuels and the Cruise Division of MSC Group have successfully completed the first Liquefied Natural Gas (LNG) bunkering operation at the Port of Marseille Fos, Southern France, for MSC Cruises' MSC World Europa. MSC World Europa was delivered in October 2022 by Chantiers de l'Atlantique at the Saint Nazaire shipyard in France. Its length is 333 meters long and is the best-perf
Stonepeak and Spirit Super complete Australia's GeelongPort acquisition Stonepeak, an infrastructure and real assets investment firm, and Spirit Super, an Australian industry super fund, confirmed the successful completion of the acquisition of Australia's GeelongPort Pty Limited. According to the terms of the agreement, Stonepeak will be the majority owner of GeelongPort with 70% and Spirit Super will hold the remaining 30%. As the region's second largest port, Geel
Chinese ports close to 70 million TEUs in Q1, lower volumes for Shanghai and Shenzhen The overall container volume of major Chinese ports rose 3.5% year-on-year from January to March reaching 69.7 million TEUs. For the same period, the overall cargo volume of the Chinese ports climbed to over 3.8 billion tons translating to a year-on-year growth of 6.2%. The following chart shows the cargo throughput and container throughput data of the twelve major ports in China. Source: Ministr
Antong ships re-employed after CULines termination All 12 Panamax ships that China United Lines (CULines) redelivered early to Antong Holdings have found new charterers, in another sign of the firm charter market. Ship brokers said that Dubai-based SeaLead Shipping, which has started new services linking the Far East to the Red Sea and the Mediterranean, as well as Australia to the Indian subcontinent, and Transatlantic services, has taken five o
HMM signs deal with GS Caltex to secure marine biofuels South Korean major ocean carrier HMM will cooperate with its compatriot oil refiner GS Caltex to secure marine biofuels. The marine biofuels comprise 30% biodiesel derived from used cooking oil and 70% high-sulfur fuel oil (HSFO). When compared to traditional fuels, biodiesel reduces greenhouse gas emissions by 80%. According to HMM's statement, Biofuels have the advantage of being technologicall
DP World Southampton renews security contract with Mitie DP World Southampton has renewed its contract with Mitie, a facilities management and professional services company, for two additional years. By this contract extension, Mitie will continue to provide security services for DP World at the UK's deep-sea container terminal in full compliance with the International Ship and Port Facility security code (ISPS), and the Maritime Security Division (MSD
PSA Breakbulk opens its first Project Cargo Ecosystem in Antwerp PSA Breakbulk has established Belgium's first Project Cargo Ecosystem (PCE) at the country's major port in Antwerp. The PCE is a one-stop shop breakbulk terminal facility located below the locks on the south side of Churchill Dock and is the first of its type in the Belgian port. Furthermore, the PCE provides infrastructure, equipment, and space to load, unload, store, and handle all forms of pro
Maersk and CMA CGM look to set up methanol bunkering in Australia's largest box port Maersk and CMA CGM's Australian subsidiary ANL have signed up to explore the commercial feasibility of establishing a green methanol bunkering hub at the Port of Melbourne. A memorandum of understanding signed also by Maersk towage unit Svitzer, Stolthaven Terminals, HAMR Energy, ABEL Energy and the Port of Melbourne, will see the partners look at ...
Splash Extra: Who's to blame for shipping's slow innovation towards decarbonisation? A talking point across multiple events at Singapore Maritime Week has been owners hitting out at shipyards for their failure to innovate and offer suitable solutions for the industry on its slow green path. The issue forms the lead story in the April issue of Splash Extra, published today, with quotes from leading shipowners speaking ...
Maritime CEO Forum: Hurdles for tanker newbuilds The buoyant tanker sector has decoupled from the gyrations of the world economy and looks set fair for this year and beyond, delegates attending this week's Maritime CEO Forum at the Fullerton Hotel in Singapore were told. Last year's tanker session at the same event was equally bullish, something repeat panellist Alan Hatton picked upon ...
Singapore to create drone port Singapore wants to set up a drone port for the delivery of ship supplies and will launch a call for proposals (CFP) later this year. The move was announced at Singapore Maritime Week. "The CFP will act as a pathfinder for public agencies and private companies to develop a concept of operations for drones that ...
Zodiac cape hits reef in Indonesia Zodiac Maritime's 2014-built capesize bulk carrier hit a reef in the Seram Sea in eastern Indonesia yesterday and has since grounded. The ship was carrying a cargo of bauxite from Australia to China when it struck the reef, with the hull breached and quickly taking on water. The ship can be seen listing to starboard ...
Global conro fleet fades away Conros - ships that carry containers, vehicles and other rolling cargo - are an endangered and ageing vessel species. Italy's Grimaldi last week took delivery of the 47,528 dwt Great Antwerp, the first brand new conro to come out of any yard in the world for six years, according to Alphaliner. Grimaldi, Linea Messina and ...
New American shipbroker launches Two American dry cargo shipbrokers have quit the Stamford office of Simpson Spence Young (SSY) to go it alone. Caleb Dorsey and Mike Beatty have formed Ocean Solutions Dry, also in Stamford, a brokerage focused on the spot trades. Serving as chairman of the board is Dorsey's father, George, who has over 40 years of ...
'Good ships, good times' How to get owners and managers to agree on certain decent working conditions at sea. The latest instalment in our recently published shipmanagement magazine. Steven Jones, founder of the Seafarers Happiness Index, reckons seafarers fall into three basic camps these days. There are those lucky enough to work for good companies, with careers mapped out, ...
Cadeler clinches more than $550m worth of Hornsea 3 contracts Denmark-based offshore wind installation player Cadeler has sealed two contracts worth over €500m ($549m) with compatriot utility Ørsted for the Hornsea 3 offshore wind farm in the UK. The first contract is for the transportation and installation of all monopile-type foundations on the project. This will be the first time the Oslo-listed BW Group-backed company ...
Jan De Nul and Hellenic Cables team up for Danish wind farm cabling contract Belgian marine contractor Jan De Nul and Greece's Hellenic Cables have been awarded by German utility RWE the turnkey delivery of both the export cable as well as inter-array cable systems for the Thor offshore wind farm project in Denmark. The turnkey contract includes two export cables, each with an onshore length of 13 km ...
Shelf Drilling scores Nigerian contract Dubai-headquartered Shelf Drilling has secured a short-term contract for its 1981-built rig for operations offshore Nigeria. The Oslo-listed jackup rig pure-play said that the firm contract for 90 days is worth around $11m, excluding revenues for mobilisation and demobilisation. The rig's last contract with Conoil in Nigeria ended in January. The new campaign with an ...
Macquarie Asset Management offloads stakes in eight UK offshore wind farms Macquarie Asset Management has sold stakes in eight offshore wind farms around the UK to infrastructure manager and investor, Equitix. The terms of the transaction have not been disclosed. The agreement will see Macquarie European Infrastructure Fund 5's 50% stake in Offshore Wind Company sold to funds managed by the UK-headquartered investment manager. Offshore Wind ...
Dry bulk taking a gamble by relying on China AJ Rahman, founder and CEO of Norvic Shipping, explains why depending on the fortunes of one economic powerhouse is risky. When China sneezes, the world catches a cold is a common phrase for explaining the Asian nation's impact on the global economy. And it's one that sums up how China's economic performance directly affects dry ...
Container made out of composite on show at Sea Asia Attendees of this week's Sea Asia exhibition in Singapore are able to get a glimpse of the Unit One, a container made out of composite developed by Swiss firm AELER. As the 20 ft container is made of composite materials, it is much stronger than today's steel boxes, able to carry 28 rather than 24 ...
Maersk Tankers starts offering voyage management services Commercial manager Maersk Tankers is expanding its services to shipowners with a new voyage management service. The first customer is LPG shipping and trading company Petredec Global. Maersk Tankers will take over the voyage management of, initially, seven Petredec Global-owned LPG carriers. The service includes day-to-day vessel operations, fuel optimisation and claims handling, covering full ...
Sudan unrest poses no immediate risk to shipping The decision by war risk underwriters to designate Sudan a high-risk area will have little immediate impact on shipping in...
Capesize rates float up to two-month high Higher spot rates expected in coming weeks on increased volumes of iron ore from Australia and Brazil as well as...
Rapid ratification likely for judicial sales convention Effectiveness hinges on big open registries signing up, but hope is that self-interest and pressure from lenders will get them...
Newbuild pricing now too high, says Stena Stena Bulk chief executive Erik Hånell says newbuilding prices have become too expensive for Stena Group to consider placing orders...
Minimal impact to Panama Canal traffic amid draught restrictions Lloyd's List Intelligence data shows container traffic through the canal has so far not been adversely affected by draught restrictions...
Deepsea con-ro market continues to slide The versatile vessel type has lost ground to its fully cellular competitors. But Grimaldi and its subsidiaries remain committed
Dual-fuel option unviable until regulatory enforcement Dual-fuel vessels are still burning fossil fuel oil because it is cheaper than cleaner options, according to Eaglestar Marine Holdings...
Tanker rates likely peaking soon on production cuts and lower global demand Tanker market has seen a very strong recovery on the seaborne crude exports globally, with robust Russian trade helps boosting...
Seacon Shipping orders two dry bulkers with Tsuneishi Shipbuilding The deal is in line with Seacon's strategy of fleet optimisation
EU considering ship-to-ship transfer crackdown European Commission officials are considering several options to target Russia via the shipping industry in the next round of sanctions...
Marine underwriters list Sudan as high-risk area after Joint War Committee meeting Ships calling at Sudan have additional war-risk premiums added to insurance costs
5G-powered telemedicine service for seafarers launched in Singapore M1's telemedicine solution is part of plans to provide 5G offshore coverage for the southern coast of Singapore, as part...
Singapore holds tabletop exercise for methanol spill scenario The exercise in Singapore allows participants to learn about the specific hazards of methanol, possible safety measures that could be...
Singapore sets up working group to develop standards on methanol bunkering Singapore's working group includes government agencies, bunker suppliers, bunker craft operators, engine manufacturers, testing and certification bodies, shipowners and operators...
Daily Briefing Shipping targeted as regulators seek to tighten Russian sanctions | Black Sea containership trade flows shift in wake of Ukraine...
MSC slows ships, adds Mobile to Latin America-Gulf Coast service The use of slow steaming, which will also reduce emissions, is one method for MSC to absorb more ships coming into its fleet this year without adding more weekly capacity.
Yellow looks to reopen Teamster contract, negotiate consolidation Yellow, the largest Teamsters employer in the US less-than-truckload sector, says it is willing to negotiate a new contract a year early as it tries to remove roadblocks to consolidating its network.
MSC slows ships, adds Mobile to LatAm-Gulf Coast service The use of slow steaming, which will also reduce emissions, is one method for MSC to absorb more ships coming into its fleet this year without adding more weekly capacity.
Yellow seeks to reopen Teamster contract, negotiate consolidation Yellow, the largest Teamsters employer in the US less-than-truckload sector, says it is willing to negotiate a new contract a year early as it tries to remove roadblocks to consolidating its network.
New DSV carbon credits deal seeks to cut CO2 emissions of transport carriers A 'book and claim' solution from DSV allows the forwarder to scale up its decarbonization efforts by giving shippers greater access to low-carbon fuels used by transport operators.
HMM latest carrier to secure sourcing, storage for alternative fuels HMM later this year will also conduct field tests of an onboard carbon capture system designed to capture CO2 from greenhouse gas emissions generated during vessel operation.
PSA leveraging forwarder acquisition to serve shippers directly The scale of PSA International's ambitions to expand its reach beyond its 60 container port terminals by leveraging the acquisition of a non-asset-based global logistics provider parallels Maersk's own integrator ambitions.
Infographic: Atlantic product tanker market spirals downward as Europe-to-US rates collapse Rates on fronthaul route from Rotterdam to New York push downward, as US Gulf Coast and Mediterranean spot earnings also suffer
FMC commissioner proposes 'track and trace' data system to prevent supply-chain congestion Shippers paid $5.3bn in detention and demurrage fees during pandemic
GATX looks to sell three remaining gas carriers after offloading duo US equipment finance company offloaded two vessels in March of this year
Green Seas: IMO grapples with plastics pollution from ships' paint, fishing gear and 'mermaid tears' Weekly environment newsletter checks in on discussions at the global shipping regulator over efforts to tackle nurdles
Capital Maritime and Maran Tankers opt for LNG dual-fuelled suezmaxes in huge newbuilding haul Greek duo pencil in mirrored deals for up to 16 ships at Chinese yard
Seacon places $63m handysize bulker contract at Tsuneishi Shipbuilding Two handysize vessels will be delivered from the Japanese shipbuilder in 2025
Well-armed: AMA Capital Partners is never at a loss for direction in the boardroom The boutique firm's outsized reach includes a track record of placing directors in prominent shipping companies
Merchant banking firm AMA Capital swaps Manhattan penthouse for Stamford 'character' Merchant banking boutique quietly left behind the Chrysler Building during Covid times for an old piano works in Connecticut
Navios Partners offloads 18th ship in just 10 months amid fleet renewal push US-listed shipping behemoth believed to have sold yet another of its oldest bulkers
George Procopiou pays over $610m on huge LR2 newbuilding order in China Greek shipowner Dynacom has inked contracts on a slew of at least 10 product tankers
Dorian LPG cash machine pays out again with $40m one-off dividend US-listed VLGC player keeps on returning profit to shareholders
George Procopiou pays over $610m on huge tanker newbuilding order in China Greek shipowner Dynacom has inked contracts on a slew of at least 10 LR2 tankers
Ukraine demands action against seafarers with 'fraudulent' Russian documents Russia says seafarers with papers supplied by authorities in occupied zones are properly trained and qualified
OSG fires back: AMSC's 'wrongful' and 'flagrant' acts forfeited $4m fee Efforts to recruit crew members during inspection of ship was violation of bareboat charter, OSG's lawyers say
Ince Group gets more time for potential rescue deal with court order Insolvent law firm has been given another 10 days
Joint War Committee declares Sudan a listed area amid military unrest Insurers are concerned the country's ports could be affected by the troubles
Maersk halts container bookings for Sudan as clashes continue Danish giant says it is monitoring the situation but Port Sudan remains operational
Norway's NRP shipping equity fund turns from container ship to tanker sales Nicolai Heidenreich and Wilhelm Magelssen-led Premium Maritime Fund is planning for price volatility after beginning to cash in on older tankers
Japan's Nissen Kaiun orders a series of product tanker newbuildings at Hyundai shipyard The low-profile shipowner now has 28 MRs booked at Hyundai shipyards
Andi Case sitting on Clarksons stake worth $27m after share awards Options come as part of UK shipbroker's 2022 bonus and performance incentive scheme
Yangzijiang Shipbuilding orderbook at 40% of 2023 target The Jiangsu-based shipyard has contracted 23 vessels worth $1.18bn
Vopak and AltaGas plot large LPG and methanol export project in Canada Dutch and Canadian groups team up for new venture that is set to boost gas carrier and tanker demand
Electric car sales set to change nature of oil markets, says IEA Decline of the internal combustion engine will reduce the need for 5m barrels a day of oil by 2030, says energy body
Great Eastern set for big cash boost by selling oldest aframax tanker Indian owner taking advantage of $14.5m gain in value for 2004-built ship over past year
Russia's Sergey Lavrov confirms lack of progress on Ukraine grain deal talks Comments on Foreign Ministry website suggest negotiations are stuck in a rut
Castor and Top Ships put on notice by Nasdaq over low share prices Greek shipowners vow to boost shares back above $1 minimum for listing on US exchange
ESL reveals 'investment pool' plan for fossil-free ships while selling supramaxes Finnish bulker owner outlines ambitious decarbonisation plans for Baltic Sea operations
Japanese tonnage providers build up gas investments with bareboat deals Investment in high-value sale and lease back deals is helping owners grow in fast expanding market
Fasten your seatbelts: dry bulk is in for a bumpy ride The volatility and complexity of the past few years will be good training as the sector grapples with new risks and trading patterns
Pareto Bank shipping book shrinks $17m but modest growth now expected Norwegian lender sees customer and vessel numbers decline in the first quarter
Maersk and ANL back Melbourne green methanol bunkering plan Work will explore various elements of establishing such a facility and identify any challenges that would need to be addressed
Andi Case sitting on Clarksons stake worth $25m after share awards Options come as part of UK shipbroker's 2022 bonus and performance incentive scheme
Yangzijiang shipyard orderbook at 40% of 2023 target The Jiangsu-based shipyard has contracted 23 vessels worth $1.18bn
France's climb-down on 2030 shipping emissions target set to weaken EU position at IMO Concerns rise that Europe will not push for ambitious early emissions target at MEPC meeting in July
Yangzijiang achieves close to 40% of the 2023 newbuilding order target The Jiangsu-based shipyard has contracted 23 vessels worth $1.18bn
Small ships an 'afterthought' on shipping's decarbonisation journey, says Glory-Pacific's Eddie Huang Mini-bulker operator claims no attention is being shown towards sustainability solutions for smaller vessels
Stifel upgrades Euronav 'on their own merits' after scuttled Frontline merger US investment bank raises price target to $22 per share
Tanker shipping stocks sink despite talk of looming rate boom Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
Hawaiian Airlines to begin Amazon cargo flights in 4th quarter Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.
Cargolux reports record $1.6B profit in 2022 Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
Contract season post-pandemic: Why would it be normal? Nothing is normal in logistics and the power shift in the game of supply and demand has shifted back to the shipper.
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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