Big response to third NYSERDA offshore wind power solicitation International energy majors and regional players have lost none of their appetite to supply New York State with offshore wind generated renewable energy. The New York State Energy Research and Development Authority
Bassoe D-Floater gains ABS AiP A new breed of floating offshore wind turbine foundations, designed to handle the largest wind turbines in the world, has received ABS approval in principle (AIP). The Bassoe D-Floater technology is capable
Netherlands inland operator orders two vessels designed to deal with low water levels It's not only U.S. inland waterways operators who face what is likely a growing problem with low water levels. European inland operator waterways also have the same challenge. In response, Roomsdonksveer, Netherlands,
PIL selects Lloyd's Register to boost fleet energy efficiency Singapore-based shipping company Pacific International Lines (PIL) has engaged Lloyd's Register fleet optimisation experts, i4 Insight, to help the company reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. The i4 Insight platform powers PIL's recently opened Centre for Maritime Efficiency (CME), which uses shoreside routing services as the technological backbo
EUROGATE Technical Services GMBH orders Agilon automated warehouse solution from Konecranes EUROGATE Technical Services GmbH has bought Konecranes' Agilon warehousing system to provide 24-hour, simple, and secure access to commodities in an energy-efficient and completely trackable manner. The solution is used for vehicle repair operations at EUROGATE's Bremerhaven harbour terminal in Germany. The order was booked in the third quarter of 2022. The Agilon automated material handling syst
Port of Rotterdam sees slight drop in accidents The Port of Rotterdam Authority reported a slight decrease in accidents in 2022. In particular, 137 accidents occurred in the Dutch port, compared to 141 in 2021. At the same time, there was a small increase in sea-going vessels that arrived at the port in 2022 with 29,029 ships reaching Rotterdam compared to 28,876 in the previous year. Additionally, there were fewer inland vessels in 2022 - 97,
PSA's BDP International announces new financial officers BDP International, a part of the PSA Group, a supplier of supply chain, transportation, and logistics solutions, has appointed Vincent Ng as chief financial officer (CFO) and Eileen Graber as deputy CFO. Ng will work in Antwerp, Belgium, and Graber in Philadelphia, Pennsylvania, US. Ng will oversee all financial operations within BDP's global network of wholly-owned subsidiaries, joint ventures,
Port of Valencia surpasses 5 million TEUs in 2022 Port Authority of Valencia (PAV) has reported 5,052,272 TEUs in 2022, a decline of 9.85% compared with box volumes in the previous year. At the same time, 79,365,321 tonnes of goods were transported via the Spanish port, translating to a 6.92% drop year-on-year. Transit containers decreased by 16.91% in the port of Valencia in 2022 falling to 2,059,665 units, while the number of empty boxes decli
Thames masterplan to explore long term river opportunities The Port of London Authority (PLA) has launched a major masterplanning exercise to realise the growth opportunities along the Thames, and help integrate the river into the economy and lives of communities, as it starts implementing Thames Vision 2050, a river development framework that was unveiled in London's City Hall last summer. The tidal river is already home to the United Kingdom's busiest
CMA CGM's CGX service reaches Caucasus and Central Asia via Georgia CMA CGM Group announced the direct connection of the service SSL MED Caucasus Georgia Express (CGX) with the company's rail transport solutions from/to Caucasus and Central Asia destinations. According to the French carrier, the rail product permits customers to benefit from greener solutions, while it offers the following transit times: Ramp transit time via Poti to/from Caucasus destinations: A
Boxhsips crunched in Bangkok fairway Two container vessels Wan Hai 272 and Santa Loukia collided in the Bangkok approach fairway at around 08:35 local time on 28 January, near buoy 9, according to Maritime Bulletin's report. The 1,805 TEU boxship Wan Hai 272 sustained portside damages in the fore cargo deck area and remained at the collision area, probably grounded, or entangled with buoy. Maritime Bulletin reported that as of 11:30
Top 10: The largest container lines in terms of chartered carrying capacity Container shipping companies were on newbuild ordering spree during 2022 with the majority of them ordering new boxships driven by all-time record freight rates. However, the share of chartered vessels remains - in some cases extremely - high in most of the ocean carriers. Container News presents the following list that includes the top 10 container shipping companies in terms of the TEU capacity
CMA CGM opens call for projects over US$200 million to accelerate decarbonisation of French shipping industry CMA CGM Group announced a call, targeted at startups and businesses working on concrete solutions, for projects of approximately €200 million (US$218 million) to step up the pace of decarbonisation of the French shipping industry. The decision was announced at the Assises de l'Économie de la Mer, which is a French maritime economy conference, by Rodolphe Saadé, chairman and CEO of the CMA CGM Gro
Jeddah port enhances container capabilities with new cranes The Red Sea Gateway Terminal (RSGT), operating between the Arabian Peninsula and Africa - which is a key partner of Jeddah Islamic Port and operator of the North Container Terminal, has purchased three ship-to-shore (STS) cranes to boost operational efficiency at terminal. This expansion comes under the Saudi Ports Authority (Mawani) and its broader goals are to develop the country's marine indus
Port of Oakland sells electricity to airport, seaport tenants Port of Oakland agreed to purchase approximately 11,000-megawatt hours of electricity annually from a newly expanded solar array at Antelope Valley Solar Ranch in Lancaster, California. With this new solar project which will now deliver renewable energy to the Californian cargo hub, the Port of Oakland will own and operate its own utility which will sell electricity to tenants, including those at
Where container shipping is flourishing? Liner shipping connectivity is key to the handling of container volumes and maintains a major chunk of the pie in global trade. The liner connectivity index affixes a rating point for each nation. The higher the points, the better the rating. It is no surprise that the World Bank-powered index finds China, South Korea, Singapore and the United States in the top four positions. China handles garga
CN analysis: Freight rates on Indian trades continue to cool amid falling export volumes Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News . On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway in the United Kingdom or Rotterdam in the Netherlands hav
Easiest countries to immigrate to from US Introduction Moving to another country from the United Nations can be a life-changing decision. It can open up a world of possibilities, from experiencing a different culture to learning a new language to a greater appreciation for the world around you. It can also be a daunting and overwhelming prospect, filled with many unknowns and uncertainties. But with the right attitude, a willingness to l
Diana Shipping fixes newly delivered ultramax to Engelhart New York-listed Diana Shipping has chartered out its ultramax bulker to Engelhart CTP Freight, hot on the heels of the vessel's delivery from Sea Trade Holdings. The Greek owner has fixed the 2016-built ship, formerly known as STH Kure, through to between January 10, 2024, and March 25, 2024 at $14,200 per day. The charter ...
Fredly and Blystad sell down in Hunter Norwegian investors Arne Fredly and Arne Blystad have both offloaded a chunk of Oslo-listed investment firm Hunter Group. Fredly's AF Capital sold around 22.3m shares for NOK1.76m ($177,717) and now owns 168.5m shares in the company corresponding to a 29,29% stake. Meanwhile, Blystad's Songa Capital has disposed of some 28,7m shares for an undisclosed amount ...
Subsea 7 and Siemens Energy link up for floating wind subsea hubs Subsea engineering and offshore construction specialist Subsea 7 and German energy equipment supplier Siemens Energy have joined forces to develop a subsea high voltage plug and power hub dedicated to the emerging floating offshore wind sector. The technology is expected to enable the connection of multiple wind turbines into one subsea hub, allowing for more ...
Amer Shipping contracts bulker newbuilds at Concordia Damen Dutch inland shipping company Amer Shipping has contracted compatriot yard Concordia Damen for a pair of bulk carrier newbuilds. The 110-m-long in-house-developed newbuilds named CDS Dry Cargo 110 have been designed to transport a lot of tonnage at a low draft and with a relatively small footprint, due to their optimised hull shape for low ...
CMA CGM earmarks $218m for decarbonisation of French shipping sector French liner CMA CGM has initiated a call for projects targeted at startups and businesses working on solutions to step up the pace of decarbonisation within all areas of the French shipping sector. The Marseille-based company is offering €200m ($218.2m) out of its $1.5bn energy transition fund to all companies operating in the maritime industry ...
Restis family in for DH Shipbuilding suezmaxes Greece's Golden Energy Management has booked up to two suezmax tankers at the South Korean yard DH Shipbuilding. Multiple brokers reported that the Restis family tanker vehicle is paying in the range of $77m for the first firm 158,000 dwt unit set to deliver in the fourth quarter of 2024. Golden Energy's last suezmax order ...
Purus Marine's HST orders CTV quartet at Strategic Marine Offshore services provider HST Marine, part of Purus Wind, the offshore wind business of Julian Proctor-led Purus Marine has contracted Singapore-based shipbuilder Strategic Marine for the supply of four new battery hybrid crew transfer vessels (CTVs). The inaugural order for parallel hybrid StratCat 27 CTVs will see the four vessels deliver in the first and ...
Shell revamps business units UK supermajor Shell is to combine its business divisions as part of new CEO Wael Sawan's move to "simplify the organisation further and improve performance". The changes, which are expected to take effect on July 1, will see Shell's integrated gas and upstream businesses combined to form a new division led by current upstream director ...
Euronav files for arbitration over Frontline's decision to walk away from merger Top management at Euronav have filed an application request for arbitration on Frontline's decision earlier this month to step away from a planned combination agreement. A judgment in the pending emergency arbitration proceedings is expected on February 7 as the Hugo De Stoop-led tanker firm fights battles on multiple fronts with another top shareholder, the ...
Cetus Maritime eyes further acquisitions Cetus Maritime, a brand new name in dry bulk, has marked out its fleet growth ambitions. Created this month by the merger of Hong Kong's Asia Maritime Pacific (AMP) and Hamburg Bulk Carriers (HBC), Cetus Maritime is one of the largest privately held handysize operators in the world with 40 owned and approximately 25 chartered ...
Gatik Ship Management adds first VLCC Indian newcomer Gatik Ship Management's fleet is making headlines, adding its first VLCC and attempting its first asset play. This week sources tell Splash that $66m has been put on the table for the Shanghai Waigaoqiao-built, 318,000 dwt , a ship sold by Epaminondas Embiricos' Aeolos Management. Embiricos added the ship two years ago for ...
NYK invests in Japanese AI firm Nippon Yusen Kaisha (NYK) has entered into a business and capital alliance agreement with Sony-backed artificial intelligence (AI) firm Ghelia. NYK is investing in Ghelia and the two companies will now collaborate on R&D for autonomous ships, as well as pintroducing Ghelia's AI technologies to business processes in NYK's sales and corporate divisions. Hideki Suzuki, ...
Keppel Offshore & Marine fully pays $65m in fines to Brazilian authorities to settle corruption case Singapore's offshore oil rig builder Keppel Offshore & Marine said on Monday that it has made full payment of the fines and damages worth around $65m to Brazil under a leniency agreement that had been set out in December last year. The fines are penalties for corrupt payments made by a former agent of Keppel ...
Boxport congestion back to pre-covid levels Boxport congestion is now back to pre-covid levels according to one UK index. A key lever in the last couple of years of record earnings for liner shipping has disappeared, according to the latest data from Clarksons Research. Clarksons containership port congestion index closed on Friday at 31.5%, a similar number to the pre-covid (2016 ...
Port of Oakland stake in solar array goes online, bringing power from solar to 30% The Port of Oakland's stake in a newly expanded solar array at Antelope Valley Solar Ranch in Lancaster, California, went online last week, delivering renewable energy to the port's owned and operated utility. The utility sells electricity to tenants at both the Oakland Seaport and the Oakland International Airport. "This is a project that has ...
Port of Long Beach aims to become the world's first zero-emissions port Port of Long Beach executive director Mario Cordero last week declared 2023 the "Year of Imagination" for the port, saying that imaginative initiatives will drive it in its goal to become the world's first zero-emissions seaport. Among the projects planned, Cordero announced the port's bid to assemble and manufacture offshore wind turbines that will increase ...
Ursa Major makes U-turn and heads back to Bay of Bengal The general cargoship is returning to the Bay of Bengal after having previously been denied berth in Bangladesh and India
Deglobalisation policy puts economic growth at risk The supply chain shock from the Covid pandemic has led some to call for an end to the globalisation of...
BP lowers long-term oil and gas demand forecast Low carbon hydrogen plays a critical role in helping the energy system to decarbonise, including in shipping, over the outlook...
Greek-owned ships load last oil from Russia over January Dark-fleet tankers ship one third of Russian oil, with at least six newly sold elderly tankers lifting crude from the...
Trade lane premiums start to normalise Following the disruption of congestion and high demand, freight rates have fallen. The premium on US east coast cargoes is...
The week in charts: 2M alliance to end | Vehicle carrier orderbook at 27% of existing fleet | Tanker asset values remain firm US imports at near record levels last year amid eastward shift, ship recycling prices firm and UK box growth lags European...
The week in newbuildings: NYK boosts LPG/ammonia carrier orderbook Recent newbuilding orders comprised 12 bulk carriers, 10 containerships and two liquefied petroleum gas tankers at shipyards in China and...
DSME sets lower order target as it emphasises profit margin Move comes as ordering activity is expected to soften this year after a strong rebound since late 2020, while at...
CMA CGM calls for funding applications The French carrier is using its Fund for Energies to support developments relating to lower emissions. The focus will be...
IMO makes progress on underwater noise but more action needed, environmental groups say Environmental groups welcome progress made at the International Maritime Organization last week to complete guidelines to tackle underwater noise pollution
Euronav makes second arbitration request over cancelled merger with Frontline Tanker billionaire and Frontline's biggest shareholder John Fredriksen acquired matching stake in Euronav last week
Port of Rotterdam's bunker sales up 5.9% in 2022 Biofuel-blended bunkers sale shows highest jump, up 162% to 790,000 tonnes
Reborn Chinese builder wins first vessel order First order includes four 20,000 dwt dry bulkers placed by parent company Hengli Group
Keppel O&M-Sembcorp Marine merger gets bourse approval The completion of the proposed merger, which has been mooted since mid-2021, has been pushed back several times due to...
Daily Briefing Hamburg Süd to go as Clerc stamps mark on Maersk | An urgent appeal to the shipping community: help the...
Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio's eastern territory with California within three days.
US railroads looking to mend fences with labor after trying 2022 US Class I railroads are taking steps to address quality-of-life issues for their employees, including reducing on-call positions, avoiding furloughs, and introducing more flexible working structures.
Midsize bulkers find year-plus fixtures at premium to spot market Cargill shipping head said panamax and kamsarmax market look 'pretty solid' amid low commodities stocks and the potential for stimulus measures in China
BRS Group says product price cap could mean falling Russian exports and LR strength European Union poised to ban ban seaborne Russian oil products as the G7 implements a price cap
Pangaea Logistics Solutions in sales deal for oldest bulker Tentative agreement to sell Newport Bulk comes after Rhode Island operator indicated it was a sales candidate
Bahri profits surge as fortunes rise with VLCC boom The Saudi shipping giant said it made major gains from its oil and chemical tanker businesses
Catch 22 solved: Swan Hellenic takes over final Russian-leased ship After much wrangling, cruise operator reassumes control of all three vessels initially backed by Russian lessor
From merger to demerger: could Fredriksen and CMB split up Euronav? Clarksons Securities raises the possibility of a division of the spoils to end shareholding impasse
Mansimov's Palmali to pay $10m to Sberbank after 'fraudulent' tanker transfers Maltese court decides Turkish group tried to avoid claims by Russian lender
BP sees rising near-term LNG trade but an uncertain outlook after 2030 The US and Middle East are set to account for more than half of LNG exports by end of the current decade
Wallenius on avatar voyage with Abba to wind-powered reality Swedish shipping group promoting car carrier that can cut emissions by 90% with song Eagle as it progresses to test wing sail on land this year and at sea in 2024
Slower tanker S&P market spins a merry-go-round of asset plays Owners of oil carriers add more lucrative deals
Maersk consigns Hamburg Sud and Sealand to history Danish liner giant to dump two historic container shipping names
Idan Ofer takes big profit as he chops stake in Ardmore Shipping Tycoon reduces holding from 10.5% to 4.9% after stock more than doubled in price
EU states wrangle over oil price cap levels Diplomats keep talking as forecasters predict long-term decline in Russian oil production
Maran Dry swoops for Anglo American dual-fuel capesize bulk carriers in China Mining giant novates contract and charters back dual-fuelled bulk carriers at an undisclosed rate
'Restless' Sophocles Zoullas says the best is yet to come Zenith Shipping boss planning further investments across a range of asset classes
Japan looks to secure war risk cover for Russian gas exports Trade ministries cooperate to make sure insurance will be in place to cover critical LNG supplies
Dorian LPG tipped for more cash handouts as VLGCs see substantial gains Analysts bullish on volatile sector that has a limited vessel supply for now
US Treasury envoy warns Russian and Iranian sanction-busters ahead of Middle East trip Individuals and institutions risk losing access to G7 markets
Greeks and Turks rule the roost in the UN-led Ukraine grain trade Neighbours account for two-thirds of all trips and cargoes shipped under the Black Sea safe corridor
Pareto Bank builds vessel portfolio as container ship exposure cut again Re-entry into recovering offshore sector is expected to lead to more deals in 2023
Titan beefs up with buy of Seapeak small-scale LNG carrier duo Dutch bunkering company's acquisitions will allow it to deliver fuel to a wider range of LNG-fuelled vessels, including all container ships
P&I clubs influencing governments over sanctions, claims expert Regulators are starting to understand how insurance and shipping work
Spain seizes 4.5 tonnes of cocaine after tracking livestock carrier for two years Authorities warn organised crime gangs are now turning to cattle ships for drugs smuggling
BP: Russia war will cut long-term oil trade Annual report suggests the shock of the war has sparked a new demand for locally produced energy
Biggest shareholder Helge Mogster backs new DOF board's last-ditch rescue bid But restructuring proposal is almost identical to debt-swap plan rejected by rebel shareholders
P&I clubs influencing governments over sanctions, claims industry expert North P&I Club's Mike Salthouse says regulators are starting to understand how insurance and shipping work
Judgment day looms as Euronav files second arbitration against Frontline Belgian owner asks domestic panel to examine the merits of the John Fredriksen company's decision to pull out of merger
Kumiai Navigation doubles up on dual-fuel VLGCs at Kawasaki Heavy Company has lined up employment contracts for 86,700-cbm pair
'Buy the weakness:' Jon Chappell on why tankers still have a long way to run
Rotterdam aims for regular methanol bunkering by the summer Port says ships will arrive on a regular basis to use low-carbon fuel
Good times still rollin' for shipping lines in trans-Atlantic trade Container shipping rates from Europe to the U.S. are finally falling, but they're still exceptionally high.
UPS feeder airline intends to buy 20 pilotless cargo planes Ameriflight, an air cargo contractor for big express companies, is considering a large purchase of uniquely designed, semi-autonomous freighters from Natilus.
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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