PowerX takes the wraps of its first battery tanker design PowerX, the Japanese battery startup that first announced plans for a ship-based alternative to subseas cables back in August 2021, has now released more details on its Power Ark 100 battery tanker.
Reduced container activity at port of Yokohama The Port of Yokohama handled 225,523 TEUs in total in February, representing an 8.9% decrease from the same month in 2022. In particular, exports and imports of the Japanese port accounted for 199,510 TEUs overall, falling by 9.4% year-on-year. In breakdown, there were declines in both sectors. Exports declined by 1.4% to 113,267 TEUs and imports dropped by 18.1% to 86,243 TEUs. Meanwhile, domest
HMM adds Brazilian port to FIL rotation HMM adds Porto Itapoá to FIL (Far East - India - Latin America) service port rotation that connects Latin America to important Asian ports such as Busan (South Korea), Shanghai (China), Singapore, Jakarta (Indonesia) and Kattupalli (India). The first ship to dock in Itapoá port will be the Hyundai Shanghai, which is expected to arrive at the Brazilian port on 8 July. FIL service, which was announ
Ports of Shenzhen and Gothenburg enhance their relations Last week, a delegation of 20 individuals from the port of Shenzhen in China visited the Swedish port of Gothenburg to sign a sister port agreement. The agreement's goal is to increase cooperation between the two ports on issues such as sustainable transportation, volume growth, and innovative technology. The option of constructing green shipping corridors between the two ports is also opened up
More container services join India-Russia trade routes amid growing potential Ocean connections between India and Russia are growing at a brisk pace, as Moscow looks to long-time natural allies to lessen the impact of Western sanctions it has had to face over the Ukraine conflict. FESCO, Russia's largest container carrier, last week had its first call at Mundra Port on a service that connects India, China and North-West Russia. The port rotation is Rizhao (China), Lianyung
Port of Oakland increases container volumes in April The Port of Oakland handled 174,482 TEUs in April slightly increased compared to 170,268 TEUs in March. March's total cargo volume through Oakland was also larger than February's throughput at 153,837 TEUs. Empty exports rose 21.6%, handling 24,754 TEUs this April in contrast to 20,365 TEUs in April 2022. Empty imports declined 8.9%, with 16,395 TEUs transiting the port versus 17,993 TEUs in Apri
2M cuts Tokyo from USWC service as Japanese exports fade In another sign of declining cargo volumes to and from Japan, the 2M Alliance of MSC and Maersk has cut Tokyo from its Far East-US West Coast TP8 service. Maersk Line's customer advisory stated that removing Tokyo, which was the first Asian port of call for the service, aimed to "provide customers with efficient and reliable service". The 13,568 TEU Maersk Edmonton is now en route from Oakland an
ICTSI adds new berth to its flagship Manila box terminal Berth 8, which will be built in stages, will significantly increase the Manila International Container Terminal's (MICT's) capabilities to accommodate ultra-container vessels of up to 18,000 TEUs. The new berth will provide 400 metres of quay and 120,000 m² of yard area, bringing an extra yearly capacity of 200,000 TEUs at the major box terminal of the Philippines. When finished, the MICT will ha
APM Terminals Bahrain to become fully solar energy-powered by the end of 2023 APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, will launch a ground-breaking solar power project worth approximately US$10 million, which aims to make the port energy self-sufficient by the end of the year. According to APM Terminals, by implementing this project, the terminal will reduce its carbon emissions by 65% while also securing a reliable and sustainable source of energy.
FIATA launches latest edition of Dangerous Goods Brochure FIATA releases the 'Introduction to the regulations for the safe handling and transport of dangerous goods (3rd Edition)', designed to equip freight forwarders with essential knowledge and guidelines for the safe transportation of dangerous goods. Developed under the umbrella of the FIATA Advisory Body on Safety and Security (ABSS) along with the valuable expertise of Dangerous Goods Management (
Saadé's CMA CGM enhances media portfolio with La Tribune takeover The CMA CGM Group aims to acquire 100% of the share capital of HIMA Group, which owns La Tribune, a business and financial media platform. In particular, the completion of the transaction remains subject to consultation of employee representative bodies and to the necessary regulatory approvals. CMA CGM said La Tribune would sit perfectly alongside La Provence and Corse Matin newspapers, which it
RoadOne's Kendall Kellaway III elected to Containerization & Intermodal Institute board Kendall Kellaway III, senior vice president of commercial at RoadOne Intermodal Logistics, has been elected to the board of directors of the Containerization & Intermodal Institute (CII), a transportation trade
Prysmian lines up UK cabling double Hot on the heels of an exclusive preferred bidder agreement for the Eastern Green Link 2 cable connection in the UK, Italy's Prysmian has been pre-selected by SP Transmission and National Grid Electricity Transmission for the Eastern Green Link 1. Earlier this month, the Milan-based cabling giant said contract talks with SSEN Transmission and National ...
Altera Shuttle Tankers ships out vintage aframax for FSO conversion Altera Shuttle Tankers has sold its twenty-year-old aframax for conversion into a floating storage and offloading (FSO) unit. The Samsung-built 93,000 dwt shuttle tanker , VesselsValue lists at around $32.6m has been offloaded for $19m. The vessel which operated in the North Sea contract of affreightment pool has already been delivered to an unnamed buyer ...
BW Epic Kosan picks up bargain duo Singapore-based BW Epic Kosan has maintained its focus on larger and younger tonnage with the addition of two more ships to its owned list. The Oslo-listed midsize LPG specialist of the BW Group revealed in its quarterly earnings report that it had acquired a pair of 7,500 cu m pressurised vessels at "well below current ...
Eni and Rina sign green fuels pact Italian energy firm Eni and compatriot class society Rina have joined forces to accelerate the implementation of green fuels as part of the energy transition and decarbonisation of maritime transport. The deal will focus on the use of hydrogenated vegetable oil (HVO) biofuel produced by Eni as well as low-carbon energy carriers such as blue ...
Petronas denies rumours of MHB and Sapura Energy merger Malaysia's Petronas has dismissed rumours of a merger between Malaysia Marine and Heavy Engineering Holdings (MHB) and Sapura Energy. Speculation of a potential combination between two offshore and marine contractors started following local media reports that preliminary discussions had been held between Petronas and Permodalan Nasional, the majority shareholders of MHB and Sapura Energy, respect
Eidesvik Offshore ships out seismic vessel Norwegian vessel owner and operator Eidesvik Offshore is pressing ahead with its seismic fleet divestment scheme. The Oslo-listed company has offloaded the 1998-built to an undisclosed buyer, reducing its seismic vessel portfolio to three. All of the seismic vessels were in layup during the quarter, and the remaining trio is also being held for sale, ...
Shipping emissions continue to drop ahead of MEPC 80 Five weeks from today sees the start of the keenly anticipated 80th gathering of the Marine Environment Protection Committee (MEPC) at the London headquarters of the International Maritime Organization (IMO), a meeting where the shipping industry will likely hear about forthcoming more stringent green targets. Shipping has faced significant pressure from regulators and NGOs alike ...
Viasat-Inmarsat merger clears all regulatory hurdles A merger between satellite communications giants Viasat and Inmarsat is set to be completed by the end of the month, having secured all regulatory clearances. The European Commission gave its unconditional approval after the US Federal Communications Commission and UK authorities gave their blessings for the $7.3bn deal earlier this month. In November 2021, California-based ...
Containerships moving at all-time low speeds Container shipping has been relying on one of its top tricks in its playbook to rein in the worst of the markets by going super slow. According to Clarksons Research, the container fleet moved at all-time slow speeds in Q1, with analysis from BIMCO suggesting that ships could go slower still. During the covid pandemic ...
Simatech books Mipo MRs In the tanker sector, Simatech has declared options for a pair of 52,000 dwt MR tankers at Korean yard Hyundai Mipo. The units are due to be delivered in Q3 and Q4 2025 with Clarksons listing a price of $46.6m per unit. Hyundai Mipo's enormously popular 52,000 dwt tanker series has been snapped up a ...
Shanghai Waigaoqiao Shipbuilding to take 35% stake in Shandong Shipping in exchange for unpaid rig building debts The delayed delivery and uncertain payment indicates recession in offshore market. The four jackup rigs were delivered in 2020 but...
BW LPG CFO Elaine Ong steps down Head of Corporate Development and Investor Relations Iver Baatvik will act as interim chief financial officer
RINA signs green fuels development deal with Eni Other areas the partnership will look at are the development of initiatives for the logistics and value chain of new...
Nippon Steel signs up for MOL's supply chain platform The Lighthouse platform allows shippers and vessel operators to safely, unitarily, and in real-time, share and monitor various kinds of...
Daily Briefing Shipping's carbon ambitions suffer a serious credibility gap | The case for a more holistic approach to regulation | Is...
MSC Cruises set to use bio-LNG to chalk up 'world-first' net zero voyage LNG-fuelled vessel to make pioneering maiden four-day trip this week to naming ceremony Denmark
Rocky road ahead as Canadian pipeline promises 'entirely new' Atlantic tanker market UK shipbroker Gibsons says west coast expansion work still faces cost and environmental issues
Altera cashes in on veteran shuttle tanker for FSO conversion UK owner also expands financing for its Canadian fleet
Ammonia could be 'dominant' fuel for liner sector, Lloyd's Register CEO says Lloyd's Register chief executive Nick Brown says the safety concerns are real, but if overcome, container shipping could be a rapid adopter
Hapag-Lloyd delivers on its promise to start scrapping 'end of life' ships Demolition candidates said to remain stable but slim for recycling sector
Reborn Hengli Heavy wins Laskaridis Maritime kamsarmax bulk carrier order Thanassis Laskaridis company hits the 20-ship mark with a spate of newbuilding and secondhand acquisitions
Green shipping: When will dual-fuel vessels command asset and charter premiums? A carbon tax is essential to helping the shipping market price next generation vessel earnings and asset values, says analyst
Nuclear pioneer Core Power hits $100m funding landmark as attitudes shift Mikal Boe-led company planning new reactor demonstration in 2026
Product tanker orders hit six-year high - but no need to worry about fleet growth yet Clarksons Research tallies 76 new clean tankers added to yard backlog so far this year
Rip-on, rip-off alert: No port safe after drug gangs up their game Report reveals how sophisticated gangs have perfected the three-minute removal of drugs from shipping containers
'Rip-on, rip-off': Greeks arrested after cocaine found in container $60m of cocaine discovered in walls of box at Port Botany
China Merchants inks newbuildings at Dalian Shipbuilding worth $588m Company has a total of eight LNG carriers and five aframax tankers booked at the CSSC shipyard
VLCC Heroic Idun finally leaves Nigeria after nine-month detention Owners Idun Maritime paid $15m as part of a deal to free the ship and 26 seafarers but maintain the crew did nothing wrong
Three killed as government drone strikes hit Libyan ports Attacks at Zawiya and al-Maya were targeting fuel-smuggling operations, reports say
Shipping's premier football tournament is coming home - again US law firm sponsors are spreading the word about the latest Marine Challenge Cup in July
Global Feeder Shipping doubles down on MR tanker newbuildings at Hyundai Mipo Middle East liner company will have four new product carriers by the end of 2025
CMA CGM confident as profit drops $5bn amid challenging market Rodolphe Saade calls the result solid and is confident the group can weather the cycle
Shipping ahead of most transport sectors in decarbonisation, says Clarksons However, shipbroker says other sectors have a 'relatively clear pathway' unlike the maritime sector
Singapore's PSA continues to ride M&A wave with Vietnam acquisition Terminal operator says Vietnam is poised for further economic expansion and tie-up strengthens its network in the region
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