Derecktor Mamaroneck delivers hybrid research catamaran Recently delivered to the University of Vermont, the R/V Marcelle Melosira is the fourth vessel built by Derecktor Shipyards, Mamaroneck, N.Y., to incorporate hybrid systems supplied by BAE. It is named for
BAE San Diego awarded $37.3 million LPD 26 contract BAE Systems San Diego Ship Repair, San Diego, Calif., has been awarded a $37,730,467 firm-fixed-price contract action for maintenance, modernization and repair of USS John P. Murtha (LPD 26) fiscal 2024 Selected
"Excessive speed" seen in expensive tugboat collision with containership Excessive speed during an advanced harbor-assist maneuver led to a tugboat collision with a containership in the Houston Ship Channel last year, the National Transportation Safety Board said Wednesday. The vessels in
Maersk finds another partner for green methanol production A.P. Moller - Maersk has entered a green methanol Letter of Intent with US-based SunGas Renewables, Inc., a spin-out of GTI Energy, and a company providing technology and equipment systems for large-scale production of renewable fuels. This is Maersk's ninth such partnership aiming to drive the acceleration of global production capacity for green methanol. SunGas joins eight other Maersk partners
Patrick Terminals orders ten Kalmar hybrid straddle carriers Cargotec-owned port equipment manufacturing company Kalmar will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick Terminals in Melbourne, Australia. The order was booked in Cargotec's 2023 Q3 order intake, with the delivery of the machines scheduled to be completed during the first quarter of the next year. Patrick Terminals is an Australian container terminal operator, handlin
DHL Group strengthens its presence in Turkey with parcel delivery firm acquisition DHL Group has signed an agreement to acquire 100% of Turkish parcel delivery company MNG Kargo YurtiCi ve Yurtdisi Tasimacilik A.S. (MNG Kargo) and its subsidiaries. MNG Kargo is a parcel delivery company in Turkey, where the parcel and e-commerce market is growing rapidly. This acquisition will create additional synergies for DHL Group which noted that its customers will benefit from logistics o
Freemantle Highway fire exposes Mercedes to US$13 million loss: Russell Group analysis A fire on the car carrier Freemantle Highway off the Dutch coast is expected to expose Mercedes-Benz to at least US$13 million (GB£10 million) in economic loss, according to an analysis by Russell, a data and analytics company. Mercedes had previously announced it had 350 vehicles on board the vessel, which caught fire after leaving the German port of Bremerhaven and sailing to Port Said in Egypt
Panama Canal maintains competitive draft levels for the next months The Panama Canal announced it will maintain a draft of 13.41 metres for the next several months, "as long as weather conditions do not vary significantly from current projections". Panama Canal noted that consistent with this draft and along with this temporary condition, an average of 32 vessels per day will be allowed to transit. "As part of a worldwide phenomenon, in the last six months, the C
ONE and Go Shipping join forces in fight against breast cancer Singapore-based ocean carrier Ocean Network Express (ONE) announced that Greek logistics operator Go Shipping is the newest partner in its Pink Ribbon campaign. The ONE Pink Ribbon campaign was launched in the later months of 2021 aiming to increase the awareness of breast cancer across the globe. ONE branded 100 of its iconic magenta containers to feature the pink ribbon, an international symbol
The Last Mile Revolution: Unleashing the Potential of First Mile Logistics In the fast-paced world of e-commerce, the importance of efficient and effective logistics cannot be overstated. As businesses strive to meet the growing demands of consumers, the spotlight falls on the final leg of the supply chain - the last mile. However, an often-neglected aspect that plays a critical role in the entire process is the first mile logistics. The first mile logistics refer to th
MSC orders new electric locomotives MSC has ordered 15 new electric locomotives to expand its rail fleet at its newest MEDWAY branch in Belgium. The company said that the new locomotives will increase capability at the Northwest Continent terminal and will be employed for cross-border freight transport in Europe as well as supplementing container transport by ship in serving the eastern hinterland of Antwerp. Salvatore Prudente, ex
KEZAD Group unveils US$15 million project for infrastructure upgrade Khalifa Economic Zones Abu Dhabi - KEZAD Group, operator of integrated and purpose-built economic zones in the UAE, announced that it has commenced the upgrade and revamp of the road network and facilities across 40,000 m² in KEZAD Musaffah. More specifically, the AED 55 million (around US$15 million) project includes repairs and recarpeting of 23km of roads within KEZAD Musaffah (ICAD 1), as wel
Hapag-Lloyd enhances service linking US and Latin America Hapag-Lloyd will add a new port call and will deploy one more container vessel to the US Gulf - South America East Coast (GS1) service in August. More specifically, the 6,622 TEU boxship Tokyo Bay will be the ninth vessel deployed on the GS1 service, while the port of Paranagua in Brazil will be added to the service's port rotation. The first call at the port of Pranagua is expected during the la
COSCO, CMA CGM add La Spezia Container Terminal to MedGulf service Starting in early August, the La Spezia Container Terminal (LSCT) call will be added to the MedGulf service operated by CMA CGM and COSCO, connecting the ports of the western Mediterranean with those of the US Gulf and Mexico. The MedGulf service was launched at the end of 2022 and the port rotation includes Tanger Med (Morocco), La Spezia (Italy), Genoa (Italy), Barcelona (Spain), Valencia (Spai
China makes headway on methanol bunkering ships Zhejiang Seahead Ship Design and Research Institute has become the first to be granted approval in principle for a methanol bunkering ship in China. The China Classification Society (CCS) Wuhan Rules and Research Institute has given the green light for a ship design with a maximum methanol filling capacity of 7,500 tonnes. The ship design ...
Pertamina wins charters for four LPG carriers worth $49m Indonesia's Pertamina International Shipping (PIS) has agreed charters for four of its LPG carriers. PIS said that it chartered out its Gas Walio, Gas Widuri, Gas Arjuna, and Gas Ambalat LPG carriers via its PIS Middle East subsidiary to three companies. Namely, the Gas Arjuna and Gas Ambalat vessels were chartered by SHV Gas Supply ...
Sweden turns down Vattenfall's planned offshore wind farm The Swedish government has turned down its utility Vattenfall to build a wind farm at Stora Middelgrund on Sweden's west coast. The country's Ministry for Climate and Enterprise said that the proposed project posed an unacceptable risk to sensitive natural values. Minister Romina Pourmokhtari also indicated that the potential negative impact on national interests in ...
Peterson scores logistics contract with Apache North Sea Energy logistics firm Peterson has secured a contract from Apache North Sea. The contract, which commenced this month following a 12-week transition period, will see Peterson deliver quayside, receipt and dispatch, and fuel services from its bases in Aberdeen and Edzell. Peterson said it will recruit around 50 staff to support the contract. "A high ...
CWind sells out of Taiwanese joint venture Taipei-based International Ocean Group (IOG), has taken full ownership of offshore wind farm services firm CWind Taiwan, its joint venture with Global Marine Group's CWind established in 2018. The move allows for better integration of CWind Taiwan into IOG's portfolio, which also includes IOVTEC, Taiwan International Windpower Training Corporation (TIWTC), Fugro IOVTEC, and IOG Shipyard, ...
Merchant shipping at the sharp end of escalating crisis in the Black Sea Merchant shipping is at the sharp end of the escalating crisis in and around Ukraine, which risks dragging more combatants into the war with Russia. NATO said Wednesday it was stepping up surveillance of the Black Sea region as Russia bombards port facilities and grain export infrastructure, including along the Danube where a Romanian-flagged ship ...
Dayang secures more work with JX Nippon Malaysia's Dayang Enterprise has secured a contract extension from JX Nippon Oil & Gas Exploration for the provision of maintenance, construction, and modification services offshore Malaysia. The value of the contract is based on work orders issued by JX Nippon throughout the contract duration, Dayang said in a Bursa Malaysia filing. The extension kicked in ...
Maine bill to bring floating offshore wind to US East Coast The authorities in the US state of Maine have passed a bill advancing the state's offshore wind industry with the first auctions set for next year. The bill is now expected to be signed into law by Maine Governor Janet Mills as part of the state's push to reach 100% clean energy by 2024. This ...
Delegates pour in as Geneva Dry unveils official drink With 280 days to go until the inaugural Geneva Dry conference, due to take place at the Hotel President Wilson on May 2 and 3 next year, organisers report massive take up in terms of delegates and sponsors. The event, which aims to become the world's single annual global dry bulk gathering linking every rung ...
Eolus explores strategy options for offshore wind business Swedish renewables developer Eolus has initiated a strategic review of its offshore wind business with the aim of creating "the best conditions" for permitting and realising its projects. The examination includes the possibility of looking for a strategic partner with the expertise and resources to help accelerate the development and implementation of offshore initiatives. "We ...
SLB not liable in sexual harassment case Oilfield services giant SLB was not found liable for sexual harassment which a former female employee claimed she suffered during work on drilling rigs. The plaintiff, Jessica Cheatham, is a former Schlumberger engineer who worked on oil rigs in various US states. She was employed by Schlumberger as a field engineer on its Texas oil ...
Car carrier still burning near Dutch UNESCO World Heritage Site The Dutch coastguard is trying to cool down the car carrier which has been on fire for over 24 hours. Around midnight on July 25, the Dutch coastguard received a report that a major fire broke out on the Shoei Kisen-owned car carrier. The vessel, chartered by Kawasaki Kisen Kaisha (K Line), was located some ...
Chartworld takes another cape Lou and George Kollakis are making waves in the sale and purchase market, picking up one modern cape after another. Sources link Chartworld Shipping to the 179,000 dwt, Dalian-built , bought from Korean owner H-Line. The 2015-built bulker fetched $36.5m after receiving a handful of bids. In June, Chartworld lined up $41.5m for another modern cape, adding ...
Terje Askvig to take the helm at Prosafe Oslo-listed semisub accommodation vessel owner Prosafe has appointed Terje Askvig as its new chief executive officer. He will take the helm from interim CEO Reese McNeel, who will continue as finance chief, as of November 1 this year. Askvig has, for the last 11 years, been an operating partner and senior advisor at European private ...
Four parties now in the running to take over HMM The runners and riders lining up to bid for control of HMM, South Korea's flagship carrier, are growing. State-backed entities announced they would sell their majority shareholding in HMM last week with interested parties given until August 21 to lodge a bid. Splash has already reported on two conglomerates with shipowning subsidiaries keen to take ...
Shipping faces intimidation, harassment and credible threat of attack in Black Sea While Russian threats have yet resulted in any direct strikes against commercial shipping, security analysts have warned that those vessels...
Strong tanker market helps Performance Shipping to best second-quarter result Greece-based owner stepped up share buybacks during most recent quarter
Seaborne coal trade projected to set new record in 2023 Volumes exported this year to exceed 2019 record by 24 million tonnes, according to the International Energy Agency
Dream of shipping without risk to seafarers is just that: a dream Cargo cannot be blamed for accidents and incidents at sea. Those who move cargoes around the world have a responsibility...
Collapse in Argentina grain shipments seen limiting panamax fourth-quarter rates rally Panamax dry bulk sector is to face the strongest headwinds amid 54% year-on-year drop in grain exports from Argentina in...
Second quarter drags on Finnlines' results Major economies in Europe are expected to remain stagnant this year. Freight volumes at Baltic specialist Finnlines have been subdued
Fire is second most common cause of vessel loss, AGCS confirms Fremantle Highway casualty likely to cause around $13m economic loss for Mercedes-Benz, which had 350 vehicles on the pure car...
Weaker rates and environmental investments take toll on Safe Bulkers' profit Polys Hajioannou-led company has made progress in improving its emissions profile, although annual CO2 emissions increased last year due to...
Maersk first dual-fuel boxship in Singapore's first methanol bunkering Maersk's first dual-fuel boxship bunkered with 300 tonnes of bio-methanol at Singapore in a ship-to-ship operation, with local bunker supplier...
HHLA restates earnings forecast Hamburg terminal operator had thought this year would see a recovery in volumes. Continuing weak economic conditions and low demand...
Liquefaction still a big source of bulker casualties, says Intercargo The dry cargo owners' association highlights improvements in safety, but says there is more to be done. Specifically, flag states...
Daily Briefing Fires making car carriers harder to insure, warns Gallagher | One crew dead and several wounded in K Line car...
Coastguard attempts to tow K Line's car carrier as fire battle continues Offshore supply vessel and tug have secured a line to Fremantle Highway
Smaller Greek owners dwindle while fleet grows, says new study Forecast to contract in next couple of years, Greek fleet may be pressed to maintain its position as largest shipowning...
Yellow survival depends on Teamsters, customers amid possible bankruptcy Yellow says its talks with the Teamsters union are "ongoing," but the less-than-truckload carrier needs to keep customers to stay alive.
Ample Southern California warehouse space awaits muted peak season After three years of operating at full capacity, warehouses and distribution centers outside the Los Angeles-Long Beach port complex are gaining space by shedding excess inventory, and a peak season that some say will be non-existent is not expected to disrupt that newfound fluidity.
Local issues stymie movement on new master contract between ILA, USMX Only local unions at the ports of New York and New Jersey and Baltimore have come to tentative terms on local issues, with the ILA's chief negotiator saying employers in other ports "have not taken the talks seriously."
Port of Oakland taps visibility provider to plug gaps in container status Technology provider QuayChain will arm the Port of Oakland with milestone data in areas near its facilities to improve its visibility portal.
Lindblad narrows loss as it 'ramps operations' after pandemic New York-listed operator misses Wall Street consensus despite better fiscal result
In brief: Crew seek help after as ro-ro breaks down and lists in the Caribbean
In brief: Russia turns back general cargo ship for 'explosives'
Royal Caribbean ups earnings outlook by 33% as profit exceeds expectations Investors are apparently happy with results as New York-listed cruise giant's stock gains 5% in 90 minutes
In brief: Performance Shipping nearly quadruples profit as 'solid tanker market' looks sustainable
D'Amico to boost shareholder rewards amid benign tanker outlook Italy's last remaining listed shipping company tries to lure investors
Singapore hosts world's second green methanol bunkering amid bio-LNG boost Lower carbon fuels get real but prices will remain high until supply ramps up
Finnlines profits halved on lower volumes and surcharges Grimaldi Group subsidiary looks for rebound with delivery of newbuilds
Fremantle Highway blaze: Desperate crew jumped overboard to escape car carrier inferno Netherlands Coastguard confirms blaze forced several crew to dive into the North Sea
Future fuel: US university spin-out Mattiq pioneers direct ammonia cells Technology firm says no thermal cracking to produce hydrogen means a more efficient propulsion system for ships
Streetwise: One year after the salad days, shipping stocks stand at a crossroads in 2023 Streetwise takes a look at second-quarter earnings season with Jefferies analyst Omar Nokta, and sorts the winning and losing stocks from the first half
Flag states need to band together to improve shipping, says Liberian Registry head Alfonso Castillero says new body is under discussion that will welcome all flags prepared to sign up to a common vision
Italy's Fincantieri logs loss on asbestos-linked legacy litigation Leading cruise ship builder weighed down in its push for profit
US tanker owner jailed for breaching Iran sanctions Behrouz Mokhtari bought two ships, then used opaque company structures to hide their ownership
Liberia overtakes Panama as world's largest flag state in tonnage terms Growth strategy over recent years has paid off for the Liberia Registry
Capital's 'green revolution' as Marinakis spends $6.5bn on energy transition fleet Greek shipowner says it has been undergoing 'a silent green revolution' over past five years
Pertamina charters out four gas carriers in deals worth $49.3m Fixtures are part of transition of Indonesian oil major's shipping arm into global player
Capesize bulker market jumps 22% as iron ore sails across Atlantic basin Several capesizes are set to ship the commodity across the Pacific basin as well, market data shows
Evangelos Marinakis splashes $6.5bn to build Capital's 'energy transition fleet' Greek shipowner says it has been undergoing 'a silent green revolution' over past five years
Zodiac Maritime bumps up orderbook with four chemical tanker newbuildings Order is part of Eyal Ofer company's fleet expansion programme
Smit and Multraship appointed as salvors in Fremantle Highway fire Salvors face difficult battle to extinguish blaze due to the enclosed design of the car decks on car carriers
Evalend Shipping dives into new sector with debut LNG carrier orders Greek company splashes out more than half a billion dollars on newbuildings at major shipbuilder
First half product tanker newbuilding orders at 10-year high But uncertainty on fuelling and economic issues dampening newbuilding appetite, Clarkson Research says
Corporate governance in shipping: Who's been naughty or nice? Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Kuehne+Nagel writes off peak shipping season Two of the top three global logistics powers took a big profit haircut during the second quarter and aren't very optimistic about a seasonal upturn in shipping.
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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