VIDEO: Breakaway barges pile up against McAlpine Dam Shortly after 2 a.m. on March 28, 2023, a vessel towing 11 barges made contact with a stationary structure at the entrance to the Portland Canal near the McAlpine Lock and Dam,
DOE names 9 phase one winners in FLOWIN prize contest The U.S. Department of Energy today announced the Phase One winners of the FLoating Offshore Wind ReadINess (FLOWIN) Prize. Open to floating wind platform designers, fabricators, and project site developers, the three-phase
New MAN dual-fuel four-stroke passes TAT MAN Energy Solutions' MAN 49/60DF engine has received its Type Approval after a five-day program on the testbed at the company's Augsburg, Germany, headquarters. The Type Approval Test (TAT) of the new
VIDEO: Kiel launches autonomous ferry test vessel Stockholm, Sweden, is not the only European city aiming to get an autonomous passenger ferry into operation (see earlier story). Kiel, Germany, also has a boat in the water. That vessel is
Lomar Shipping appoints new technical director Lomar Shipping, the shipping subsidiary of the Libra Group, has announced that Marius Bujor will be its new technical director and will be based in the company's Bremen office. Bujor succeeds Stylianos Papageorgiou who has been promoted to the position of managing director of lomarlabs, a new venture to collaborate with deep-tech start-ups. Bujor has been with Lomar for eight years, having joined
CMA CGM adds Indian Subcontinent to congestion surcharge destinations from Mersin CMA CGM has announced a port congestion surcharge from Mersin, Turkey to the Indian Subcontinent due to current delays in the Turkish port. After CMA CGM's congestion surcharge announcement for a US$100 / dry container fee for every box transportation from Mersin, Turkey to several destinations worldwide, the French ocean carrier added Indian Subcontinent to the "destination pool of surcharge"
Container shipping asked to clean up its act in view of upcoming scrapping wave: NGO Shipbreaking Platform Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, numerous container ships will be sold for scrapping in the near future. In light of this foreseeable surge in the number of discarded boxships, the NGO Shipbreaking Platform has reached out to the largest companies of the sector demanding change in corporate policies and practices by encouraging the
Shipping industry organisations give guidelines for lithium-ion batteries container transport New guidelines for lithium-ion batteries container transport aim to reduce the growing associated risks. The Cargo Incident Notification System Network (CINS) and its partners have compiled a publication covering the properties of these batteries and their potential to explode, initiate fires and emit toxic gases. This publication is a result of a one-day conference conducted on 15 March by the I
Slow growth for major box ports in 2022 The 30 busiest container ports in the world saw slower growth in 2022, as inflation and economic uncertainties capped consumer spending. Alphaliner's recent report, released today (29 March), stated that volumes at the 30 busiest ports rose by less than 1% year-on-year, to 454 million TEU in 2022. Gains were driven almost entirely by China and, to a lesser extent, the Middle East. Despite intermi
DP World to build new edible oil terminal in Berbera Port UAE-based port and terminal operator DP World started the development of a new edible oil terminal at the Port of Berbera in Somaliland. The purpose is to reduce supply chain costs and create vital local jobs, according to DP World, which has already agreed to a long-term lease for the facility. More specifically, the terminal will initially have a storage capacity of 18,000 tonnes, which will be
Wharf at Long Beach ITS terminal extended In early March, the Port of Long Beach and International Transportation Service (ITS) completed the US$55 million improvement project with the ITS terminal being capable of receiving larger container ships and enhancing efficiency. The Californian port extended Berth G236 by 75 meters, constructed new rock dikes, and upgraded anchored facilities at Berths G232 and G236. "With the opening of the B
JAXPORT refunded US$35 million for Jacksonville Harbor Deepening project The US Army Corps of Engineers (USACE) Jacksonville District presented JAXPORT with a US$35 million refund for unused prepayments from the recently completed Jacksonville Harbor Deepening project. JAXPORT is actively working with the City of Jacksonville and the State of Florida. Both of them contributed funding toward the project, to determine their share of the refund amount as outlined in the
Korean Register, Microsoft sign digital transformation agreement Korean Register (KR) signed a memorandum of understanding (MOU) with Microsoft Korea on 28 March to collaborate on digital transformation and enhance their technological capabilities, with the aim of leading the digital transformation of the shipbuilding and maritime industry. Through this partnership, a joint working group between the two companies will be established to collaborate on digital t
Packeta Group expands facilities to Adriatic region The Packeta Group, a global digital e-commerce platform, is expanding to the Adriatic with the opening of its seventh entity named Packeta Adriatic. More specifically, the new entity will start its operation in Slovenia and gradually take on new countries in the Adriatic region. According to Packeta Group, the Slovenian e-commerce market has experienced impressive growth in recent years during th
CMA CGM applies new overweight surcharge from Saudi Arabia to North Africa and Morocco CMA CGM announced an overweight surcharge (OWS) from the port of Jeddah in Saudi Arabia to North Africa and Morocco. The surcharge of US$100 / container will be applied to 20' dry boxes with a container gross weight equal to or over 16 tons. The French ocean carrier said the overweight surcharge from Jeddah to North Africa and Morocco will be effective from 10 April. The post appeared first on C
DP World opens reefer container facility in Sydney DP World announced the launch of Reefer World, a new one-stop refrigerated container facility in Sydney, which will offer a wide range of reefer cleaning and repair services to clients in Australia and New Zealand. The dedicated reefer facility is the largest of its kind in Sydney and one of the largest in Australia, providing a variety of reefer solutions, such as pre-trip wash, inspection, and
ZIM quits Pacific Southwest lane again as ZEX service axed ZIM will withdraw its eCommerce Xpress (ZEX) service, which was launched during the peak of the freight market in 2020, at the end of this month. The cessation of ZEX will mean that the Israeli liner operator will no longer have any calls in Los Angeles and will return to its traditional coverage of the Pacific Northwest and the US East Coast. According to container shipping consultancy Linerlyti
Far East Land Bridge increases fleet efficiency through Container xChange Far East Land Bridge (FELB), a railway operator with services between Europe and Asia, has found success in balancing its fleet and decreasing idle time through its collaboration with an online container logistics firm, Container xChange. With a fleet of 2,600 containers, FELB sought a solution to rapidly hire additional units during times of high demand and prevent vacant shifting costs during p
Georgia Ports invests US$170 million in new hybrid yard cranes The Georgia Ports Authority (GPA) has decided to spend US$170 million on 55 hybrid-engine rubber-tired gantry cranes to equip the Port of Savannah's Ocean Terminal during its transformation into an all-container facility. "This significant investment in new equipment will help prepare the Port of Savannah to handle more ships and cargo while maintaining the world-class service our customers have
Port of Valencia improves operability of hauliers The Port of Valencia has educated 2,592 hauliers working in the Valencian area with the ValenciaportPCS App for mobile devices. ValenciaportPCS is one of the first technological platforms or Port Community Systems in the world. This tool is used by approximately 1,100 firms and public agencies in the ports of Valencia, Sagunto, and Gandia in Spain. Every day, it handles more than 300,000 messages
Danish Shipping calls for new approach to tackle Gulf of Guinea piracy Following the boarding of a Monjasa product tanker offshore the Republic of Congo, the shipowners' organisation Danish Shipping has called for a new strategy to combat piracy in the West African region. The Liberian-flagged , owned by Danish bunker supplier Monjasa, was attacked by pirates late Saturday evening in the Gulf of Guinea while sitting ...
Transocean adds to semisub backlog with $113m worth of new deals New York-listed offshore drilling contractor Transocean has fixed two of its harsh environment semisubs, adding around $113m to firm contract backlog. The Swiss-based owner and operator of 37 rigs has sealed a deal with an undisclosed independent operator for the 2015-built Transocean Endurance to carry out a multi-well plug and abandonment campaign in Australia. The ...
SeaZip grows CTV fleet Harlingen-based SeaZip Offshore Service is expanding its fleet with the acquisition of a 24 pax crew transfer vessel from compatriot shipping company Groen. No price has been revealed for the 2020-built Green Waves, delivered by Damen Shipyards. The UK-flagged CTV will be renamed SeaZip 9 and sail under the Dutch flag in the future. Jan ...
Havfram Wind lines up Norfolk WTIV contract Norway's Havfram Wind has been appointed as the preferred wind turbine installation supplier for Vattenfall's Norfolk projects in the UK. The agreement covers transport and installation works over a period of three years, utilising one of the company's wind turbine installation vessels (WTIVs) under construction at CIMC Raffles Shipyard in China. Even Larsen, CEO of ...
Oil washes up 350 km away from where controversial Princess Empress went down in the Philippines last month One month on from its sinking, the oil spill from the Princess Empress continues to spread, with authorities warning that around 40% of the cargo in its ruptured tanks have yet to gush out into the seas off Mindoro island. The controversial ship sank on February 28 in stormy conditions off the island of Mindoro having lost ...
Norden moves into capesize segment Danish owner and operator Norden has marked its entry into the capesize segment this month by adding four ships through two separate deals. "With the move into capesize, Norden expands its offering to cover all dry cargo sizes, providing added value to our customers and partners globally," said Jan Rindbo, chief executive of Norden, adding: ...
Guidelines published for safe transport of lithium-ion batteries in containers The Lithium-ion Batteries in Containers Guidelines, published yesterday by several industry bodies, seek to prevent the increasing risks that the transport of lithium-ion batteries by sea creates, providing suggestions for identifying such risks. Extensive measures to safely transport what is an exponentially increasing volume of lithium-ion batteries, in their various states or charge and when ...
Cadeler firms up East Anglia wind turbine installation deal BW Group-backed offshore wind contractor Cadeler has inked a firm deal with ScottishPower Renewables for the transportation and installation of wind turbines at the East Anglia Three offshore wind farm in the UK. The firm contract follows a vessel reservation agreement the Denmark-based company struck with Iberdrola's subsidiary last July. Under the contract, the Oslo-listed ...
Are crude tankers headed for best year this century? Analysis contained in the March issue of Splash Extra published today suggests this is the best year this century for VLCC, suezmax and aframax owners. The in-depth look at the crude tanker trades in Q1 and projections for the rest of the year also feature the views and data from Braemar, BRS, Evercore, Lorentzen & ...
ADS Maritime gets into offshore with Tasik DSV stake Oslo-listed ADS Maritime is expanding its investment portfolio which in addition to tankers now includes an offshore vessel. The Terje Bodin Larsen-led company has picked up a 10% stake in the 2017-built dive support vessel (DSV) . ADS will act as the commercial manager with primary responsibility for following up Singapore owner Tasik Subsea's activities ...
Gulf Marine Services awarded pair of new contracts London-listed liftboat operator Gulf Marine Services (GMS) has won two new contracts for one of its vessels in the Gulf Cooperation Council (GCC) region. The UAE-based company with a fleet of 13 self-propelled self-elevating support vessels has fixed a small class vessel for a total duration of 272 days. The first contract is set to ...
Taylor Maritime Investments: Strong fundamentals ahead Edward Buttery, the chief executive of Taylor Maritime Investments and Grindrod Shipping, maintains a quietly bullish sentiment on handysize bulker rates, encouraged by recent market firming, with rates on the Baltic Exchange up by over 50% between February and March. "I expect the market to remain fairly firm for this year, next year and possibly ...
Lila Global adds two capes Anil Sharma's Lila Global has strengthened ties with COSCO, sealing its third deal this year with the Chinese state-run owner. The latest purchase marks a shift from wet to dry for Lila Global shortly after buying two VLCCs. Sources tell Splash that Lila Global has added two more capes, adding the 2006-built CHS Splendor, built ...
US Wind and Haizea Wind Group team up for new fabrication facility Baltimore-based US Wind, owned by Italy's Renexia, and Spain's Haizea Wind Group Management have formed a long-term partnership to manage and operate Sparrows Point Steel, Maryland's first permanent offshore wind factory in Baltimore County. The facility will manufacture steel components for the US offshore wind industry, including monopiles and towers. The Sparrows Point Steel facility ...
Crude tankers tipped to enjoy best year this century Analysis contained in the March issue of Splash Extra suggests this is the best year this century for VLCC, suezmax and aframax owners. All three sectors have pushed around the $100,000 mark during the first quarter, while asset prices remain hugely elevated. Nevertheless, not all analysts are willing to commit to the assertion that 2023 ...
FuelEeeeugh Maritime I'm a little torn about last week's news that the European Union is on the cusp of pushing through its FuelEU Maritime legislation, something Brussels politicians claim is the "world's most ambitious path" to decarbonising our industry. The rules will demand ships must cut ship emissions by 2% as of 2025 and by 80% as ...
March 2023 Review The European Parliament and Council reached a deal on what they claimed is the world's most ambitious path to maritime decarbonisation, asking to cut ship emissions by 2% as of 2025 and by 80% as of 2050. This would apply to ships above a gross tonnage of 5,000, and to all energy used onboard in ...
Tankers: Pop goes the weasel Oil prices stepped down $10 in March from around $85 to $75 per barrel as traders picked up on recession fears stemming from bank failures and rising interest rates. Even as the US Federal Reserve, the European Central Bank and the Bank of England raised rates again, gold ticked above $2,000 as investors sought havens ...
Bulkers: Piggy in the middle Brokers and traders became positively priapic during the middle weeks of March as the dry bulk freight markets shook off their Lunar New Year lethargy and felt the sap rising through Chinese steel markets. However, some enthusiasm was dissipated as the month wore on, with freight rate rises pausing, perhaps with one eye on President ...
Containers: The Grand old Duke of York Chinese containerised exports for February were a miserable $418m compared to $551m in January and nearly $1bn in February 2022. Even accounting for the Lunar New Year, this was a depressing number for Chinese exporters who will be hoping, as their factories reopen, for more buying from US customers this year. US liner industry analyst ...
Failing banks cap S&P activity In terms of absolute volumes it has been a relatively quiet month in the sale and purchase market, but, regardless, prices remain elevated. Across the board, owners have become nervous about the banks, brokers tell Splash Extra. "Capesize values have firmed this month as a result of recent transactions that have set the benchmark," said ...
Analyst Abstract Tankers "As anyone with the slightest insight into our industry will know, oil prices and tanker earnings tend to have an inverse relationship and this time is no exception," reads a typically punchy daily markets report from Lorentzen & Co earlier this week. One of the reasons that the Norwegian broker highlighted was that the ...
Banking uncertainty and shipping The turmoil in the banking system this month, coupled with new recession-related concerns, has sent shockwaves through global markets, raising fears of a new financial crisis and an impending loan crunch. The collapse of US mid-sized lenders Silicon Valley Bank (SVB) and Signature Bank, followed by the demise of 167-year-old Credit Suisse, have alarmed investors ...
Banking crises lead inexorably to shipping crises Andrew Craig-Bennett makes his return with some timely advice for owners. There might be a problem with banks, or there might not be. All we can say for sure, today, is that UBS has acquired the Greek private client business that used to be such a priz
Euronav tanker takes on Iran oil, says UANI Vietnam-flagged vessel Abyss purportedly took on an Iranian cargo in February in Iran while its vessel-tracking transponder was off. The...
Russia seeks China and India's support to accelerate Arctic ambitions The northern sea route has been high on the agenda during Russia's recent diplomatic dates with China and India. The...
Abuse of IMO vessel-numbering scheme and falsely flagged ships continues, committee hears Countries support an intersessional working group to define the due diligence required to use the IMO unique company and registered...
China Merchants Energy Shipping confident in strong tanker recovery The Shanghai-listed shipping giant saw net profit up more than 40%, largely backed by a strong tanker recovery
Lomar Shipping tech venture aims to 'make a real difference' Focus includes issues of safety and security, decarbonisation and the 'future of work'
Norway's leading car port seeks expansion to meet growing EV imports Norway's biggest vehicle port handled a record-high number of car imports in 2022, as the country ramped up electric vehicle...
China Merchants orders up to six methanol-fuelled PCTCs Company expects Chinese shipowners to enjoy a bright future in international ro-ro shipping backed by strong car exports from China
Attica agrees to buy ro-ro from CLdN Ferries for $13.4m CLdN has been expanding with modern tonnage
Nautilus highlights value of union membership 'Working internationally, you can deliver for members wherever they reside and not engage in a race to the bottom in...
Royal Caribbean to upgrade newbuilding for methanol fuel operations Move by third-largest cruise vessel operator follows decision by RCCL's competitor, NCL, to amend propulsion systems of two 3,300 passenger...
Seacon Shipping eyes top 10 shipmanagers Largest shipmanagement firm in China raised $52m in Hong Kong IPO
Klaveness unit sets new environmental target Shipping is falling behind schedule on the IMO's 2030 targets 'as the choice and availability of new fuels, technology, and...
Meratus to offer smart container tracking Smart container devices have been available for some time. The momentum behind the technology is now picking up
A willingness to collaborate won't expedite decarbonisation Whether slow progress in digitalisation is holding back decarbonisation and whether the focus on newbuildings is holding back retrofit solutions...
Local carriers boost China-Russia Baltic box trades Newcomers to the China-Russian Baltic trade include Chinese logistics companies Torgmoll and Safetrans, and Russian forwarding company Transit LLC
The Ukraine effect: Lasting upheaval for shipping markets Chapter 3: Russia's invasion of Ukraine has had a profound impact on global trade, but the longer-term implications are only...
Lithium-ion battery transport guidelines published The use of lithium-ion batteries is growing fast. But so too are the associated fire risks
KSOE wins $518m contract to build two LNG carriers The latest contract brings the tally of newbuilding liquefied natural gas carrier orders in Korea Shipbuilding & Offshore Engineering to 10 this...
ICS publishes medical guide for use at sea New guide includes chapters on assessing mental health issues and communicating with telemedical services
Norden returns to big-sized bulk carriers In a previous foray, Norden had exited the capesize segment in early 2016 amid market lows to focus on the...
Shareholders complete deal to take Seaspan parent private Carrier joins other key shareholders in buying out remaining shares in Atlas. Delisted company will be better placed to navigate...
Daily Briefing Sanctions on Russia have 'weaponised' flags, says registry chief | Chinese leasing remains open for business | The Ukraine effect...
Norwegian car carriers differ over alternative fuel strategies Höegh Autoliners has been signalling its intention to start bunkering with alternative fuels in the next couple of years, while...
Malaysia's key port aims to raise capacity by 3.5m teu over five years Throughput fell in 2022 due to the situation in Ukraine, high energy prices in Europe and weak consumer demand
Teamsters taking more hardline approach toward LTL trucking employers The Teamsters union promises a tougher approach in contract talks with ABF Freight and TForce Freight, and is opposing major network changes proposed by Yellow, its largest freight employer.
April blanks from China grow as US import decline continues For ocean carriers, the decision to cancel sailings suggests they expect no rebound in trans-Pacific freight rates that are now at two-year lows.
Canadian National to boost transloading with new Calgary facility The project is the latest in a series of steps to address the imbalance between domestic and international intermodal volumes in Canada.
US outlook for second-half rebound of Asia imports darkens US big-box retailers are receiving fewer imports while inventories remain elevated and US consumer confidence teeters, boding poorly for a significant second-half rebound in Asia container imports, writes JOC Executive Mark Szakonyi.
New House shipping bill garners support from stakeholders The legislation aims for faster development of uniform data-sharing standards, while the co-sponsors say they were also motivated to protect US shipping interests from what they view as China's malign influence over the supply chain.
Hornbeck Offshore wins US government contract that could swell to $39.5m Louisiana shipowner sees Military Sealift Command deal extended, with more in the offing
MR product tanker rates improve thanks to tight tonnage list in Atlantic Shipbroker reports just two MR fixtures helped ratchet up spot rates on Wednesday
Shipowners' Club starts to process Philippines tanker spill claims Wreck of sunken tanker lies at a depth of 400 metres with oil on board
Green Seas: 'Much remains up in the air' as IMO hurtles toward carbon crunch session Our weekly environment newsletter explores how the latest deliberations at the UN shipping regulator tee up a complex debate in July
Shipowners' Club starts to process Philippine tanker spill claims Wreck of sunken tanker currently at a depth of 400 metres with oil onboard
Fuel-cutting retrofits need 'holistic' approach to make sense, say experts Coatings and hull cleaning one of quickest ways to cut emissions but forward planning required if other technologies are being changed
Decarbonisation and digitalisation are opportunities to get more women into shipping, WISTA head says Shipping firms are no longer thinking about doing 'business as usual', Elpi Petraki says
Chinese ship finance chief Li Li pleads guilty to bribery charges Local news agency says top finance executive has admitted to charges at ship leasing corruption trial
Shipowners may one day be paid to keep on using toxic HFO no one else wants, BRS says Chairman Francois Cadiou envisages future where shipping is the last resort for polluting fuel
BRS' Cadiou says shipping is going backwards as vessels switch away from LNG fuel Dual-fuel vessels are relying more and more on polluting heavy fuel oil as gas becomes too expensive, shipbroker warns
Missing tanker: Danish Shipping says new solutions needed for Gulf of Guinea piracy Anne Steffensen says Monjasa Reformer boarding shows that coastal states do not have the resources to tackle ongoing problem
Andy Dacy counsels caution as world events have clouded JP Morgan's crystal ball Shipowner still likes LNG and dry bulk, but it's all complicated as sectors face geopolitical whirlwind
Pension funds rebel but Maersk bosses get big bonus increase past shareholders Chairman Robert Maersk Uggla says executives should see greater correlation between earnings and pay
China's Cosco Shipping inks $1bn deal for 20 wood-pulp carrier newbuildings Order spree almost wipes out 2025 delivery slots of one state-owned shipyard
Havfram hails major deals with Vattenfall and Orsted for new WTIVs At least two new installation ships now needed after big contracts agreed
Neda turns to China for fresh batch of bulker newbuildings Traditional Greek shipowner is inking a pair of kamsarmaxes at Chengxi Shipyard
Liner shipping stocks: The gift that keeps giving - but for how long? Stock prices and dividends keep rising despite a sharp fall in freight rates
Build the ships and the green methanol will come, Proman's Gajadhar tells owners Producer has no worries about supply despite Maersk going all-in to hoover up new sources of fuel
Copenhagen Commercial Platform launches emissions reporting tool 'for commercial people' Tech offering makes it easy to see where action should be taken to improve emissions performance
Debt-free Exmar turns in top dollar 2022 results FLNG unit sale and charter income boosted returns for Belgian gas specialist
Pandemic and war slows KCC's emission cuts but ambitious new targets set Combination carrier company's boss Engebret Dahm also urges the IMO to get its act together
ABB spin-off Accelleron looks to turbocharge cleaner marine fuels Swiss-based engine turbocharging company is developing the technology so they can run on methanol and ammonia, and even fuel cells
Odfjell on track for strong 2023 thanks to Russia-linked disruption Supply is squeezed as product tankers pull out of chemicals markets to exploit bumper oil freight rates
Anchor Ship Partners agrees business development plan with PowerX Ship finance specialist is looking for commercial opportunities for renewable energy in regional Japan
CII scores: a fantastic concept, clouded by a suboptimal metric Effective decarbonisation rules must focus on commercial drivers rather than the just vessel itself argues Andrea Olivi, global head of wet freight at Trafigura
Norden ramps up capesize presence with two more vessel buys Danish owner-operator bought two capes earlier in March and has completed its first bunkering of biofuels
Banks silent on future of $1bn DOF fleet after bankruptcy restructuring completed Group of lenders now in control of Norwegian offshore shipping company but are keeping quiet on their plans
Capital Gas linked to pair of LNG carrier newbuildings Rapidly expanding Greek shipowner said to have snapped up optional slot duo in South Korea bumping up its LNG fleet to 20 vessels
Seafarer loses leg in accident on Zim container ship in Argentina Crew member airlifted by helicopter
'Strong buy': Fearnley starts KCC coverage with a bullish view on earnings Analysts believe dry and wet combination carriers will continue to enjoy the best of both worlds
Russia trade flows spell big profits for product tanker owners Vortexa says hauling Russian diesel is proving lucrative for long-haul trades to South America
ADS Maritime ventures into offshore with investment in dive support ship Norwegian company is diversifying away from tankers for the first time
CoolCo: LNG shipping's new kid on the block thinks big Backing from lead shareholder Eastern Pacific Shipping is a 'big differentiator' for the emerging shipowner
Missing Monjasa tanker seen 870 km from location of pirate boarding Contact has been lost with Monjasa Reformer, but crew made it to the citadel
Lomar Shipping names Marius Bujor as new technical director UK-based shipowner says new appointee has ability to lead from the front and adapt to new challenges
Hello, goodbye: Shipping's latest entries and exits on Wall Street The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
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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