Saab submits its proposal for Walrus-class submarine replacements Supported by Sweden and the U.K., Saab has today submitted its proposal for the replacement of the Netherlands' current Walrus-class submarines. Saab says its proposed four advanced Expeditionary Submarines are being offered
GLDD secures rock supply for its rock installer If you've got a rock dropper, you need to have rocks to drop. Yesterday, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), which has ordered the first Jones Act-compliant subsea rock installer
VIDEO: Nearly 500 EVs reportedly aboard burning car carrier As the fire aboard the car carrier Fremantle Highway continued burning off the Dutch coast, a spokesman for the vessel's charterer, Japan's K-Line, is reported as saying that there were there were
ESB 4 completes drydocking at Palumbo Shipyard Malta The Military Sealift Command's Lewis B. Puller-class expeditionary sea base USS Hershel "Woody" Williams (ESB 4) completed its first Regular Overhaul (ROH) in the European area of operations at the Palumbo Shipyard
SEA-LNG: Bio-LNG now available in 70 ports worldwide The SEA-LNG coalition reports that analysis of the green LNG bunkering market shows that bio-LNG is available today in almost seventy ports worldwide, including in Singapore, Rotterdam and on the U.S. East
CN Photo Project: The Picture of the Week Container News wants to thank you all for your participation in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Week"! Title: Sailing into the sunrise - Photo taken by Henry Kadoch Be part of the CN Photo Project and stay tuned to see your photo posted on Container News as the next "Pictur
HHLA lowers forecast for current financial year German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year based on preliminary figures for the first half of 2023. HHLA now expects container throughput to be at the level of 2022, while the company had previously forecasted a year-on-year moderate increase in box volumes. Additionally, HHLA said that the expected decrease in
ONE launches new reefer service connecting Latin America with Florida Singapore-based container carrier Ocean Network Express (ONE) has announced a new service connecting the West Coast of South America to the East Coast of North America. The new FLX service is scheduled to commence in September and will be operated by four ONE container vessels with the following port rotation: Callao (Peru) - Paita (Peru) - Guayaquil (Ecuador) - Cartagena (Colombia) - South Flori
South Korean shipbuilder orders waste heat recovery systems for Maersk newbuildings The world's largest shipbuilder, HD Hyundai Heavy Industries (HD-HHI), has placed a €2.5 million (US$2.75 million) order for Climeon HeatPower 300 waste heat recovery systems to enhance energy efficiency on board a series of six Maersk 17,200 TEU vessels. The South Korean shipbuilding company will build six methanol-fuelled container ships for the Danish ocean carrier. The vessels are equipped wi
Global Ports enhances VSC container handling equipment with new reachstackers Russian port and terminal operator Global Ports has commissioned two new heavy-duty reachstackers at its Far East terminal, Vostochnaya Stevedoring Company (VSC), located in the port of Vostochny in Primorsky Krai. Reachstackers from Chinese port equipment manufacturer ZPMC have a lifting capacity of 45 tons and are highly maneuverable. Additionally, they are designed for loading, unloading and s
Adani to boost Mundra port capacity by 800,000 TEUs amid steady volume growth The Adani Group is set to open a new container terminal at Mundra Port at the end of this year, as major carriers add new calls out of the emerging economy. "Cognizant of growing demands, Mundra Port is expanding its infrastructure," said the company, adding that "a new berth, T3, with capacity of 800,000 TEUs is set to be commissioned in the third quarter [October-December] of the fiscal year 20
HAROPA Port reports 1.25 million TEUs in first half French port complex of Havre, Rouen and Paris HAROPA Port has handled 1.25 million TEUs from the beginning of the year until June. This is translating to an 8.6% decline in full container inland traffic, while imports dropped by 6.8% and exports fell by 12.4%. On the other hand, HAROPA Port achieved positive results in river box traffic with 12,834 TEUs. Additionally, in terms of tonnage, HAROPA
New member joins Global Shipping Business Network Global Shipping Business Network (GSBN), an independent technology consortium welcomes the New Land-sea Corridor Operation Co Ltd, (NLSC) as a new member. The New International Land-Sea Trade Corridor (ILSTC) is a major trade and logistics passage established jointly by China and ASEAN members. NLSC operates a pan-regional integrated transportation platform which orchestrates the transportation n
Sealand commences new intra-Asia service Sealand Asia has announced the launch of an intra-Asia service, IA11, to connect China, Taiwan and Vietnam. The Maersk-owned container line will deploy two boxships of 1,000 TEU container capacity on the service, which will have the following port rotation: Shanghai (China), Ningbo (China) - Kaohsiung (Taiwan) - Ho Chi Minh (Vietnam) - Kaohsiung (Taiwan) - Shanghai The post appeared first on Con
Jazan port receives first container ship call One year after its inauguration, Hutchison Ports' new multipurpose terminal at the port of Jazan in Saudi Arabia handled its first commercial container vessel. The 900 TEU boxship Kota Rahmat, operated by Pacific International Lines (PIL), is deployed on the intra-Red Sea trade and became the first container ship to call the Saudi port. It is still unclear, according to DynaLiners, if this port c
AD Ports and Shandong Ports Group enhance collaboration AD Ports Group has signed multiple collaboration agreements with Shandong Port Group (SPG), a conglomerate based in Shandong Province, China, which provides port operations, port infrastructure construction, cargo transportation and warehousing among other services. The deal leverages the 'Sister Ports' agreement between Shandong Port and Khalifa Port to forge a partnership and strengthen coopera
Transpacific drive latches on to US$100 recovery in composite rates A string of General Rate Increases (GRIs) for Freight All Kinds (FAK) rates, the added effect of the Canadian port strikes and the cutting down of capacities have been playing into China-US rates. The latest weekly action saw the Shanghai-Los Angeles rates (China-US West Coast) sear past the US$2,000 mark, to end at US$2,072, a figure which was last seen by the trade lane over six months back. Th
Cosco and Guangzhou Salvage form heavy lift semi-sub giant Cosco Shipping Specialized Carriers and Guangzhou Salvage have formed a joint venture which will have a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the joint venture and Cosco Shipping Heavy Transport exclusively with offices located in Guangzhou, Houston, and Rotterdam. The current fleet of ...
Economou taps Chengxi Shipyard for pair of kamsarmax newbuilds Greek shipping mogul George Economou has signed for a pair of kamsarmax bulk carrier newbuilds in China. Economou's TMS Dry has commissioned Chengxi Shipyard to build and deliver 82,600 dwt units in 2026. TMS Dry, which according to VesselsValue, currently has eight ultramaxes and four capes on order in China is paying Chengxi between $35m ...
Shell readies tender for Nigerian floater Shell is tapping the market for a deepwater floating rig to be deployed offshore Nigeria. Shell Nigeria Exploration and Production Company (SNEPCO), the operator of oil mining lease (OML) 118, is looking for a minimum sixth-generation semisub or drillship to support the delivery of well construction, maintenance, and abandonment in the Bonga fields. The contract ...
SunGas funding $2bn green methanol plant for Maersk ships Houston-based SunGas Renewables has invested $2bn to construct a new green methanol production facility in central Louisiana which will fuel Maersk's fleet of methanol-powered container vessels. In order to do this SunGas formed a new wholly-owned subsidiary, Beaver Lake Renewable Energy (BLRE), which will be in charge of the construction of the facility. BLRE is ...
Buttery wraps up multiple bulker deals Singapore-based bulker owner Grindrod Shipping has revealed several deals for its fleet, including sale and purchase as well as time charter transactions. The Ed Buttery-led company recently exercised the purchase option on Meiji Shipping's chartered-in 2016-built supramax IVS Hayakita, with the ship expected to change hands in September this year. In July, the parent firm ...
Burning car carrier too hot to board, another attempt set for later today A salvage team was unable to enter the car carrier which has been on fire since Tuesday evening as the ship was still too hot. Around midnight on July 25, the Dutch coastguard received a report that a major fire broke out on the vessel. One crewmember died, while the remaining 22 were rescued by ...
Geneva Dry partnership stirs cocktail creativity What would you christen a shipping-related cocktail? Splash posed the question to readers yesterday on the back of news that our new event, Geneva Dry, has an official drink sponsor in the form of LVX Geneva Dry Gin, a local Swiss brand. Sponsors of the event's evening cocktail receptions, with one of the night's still ...
Shipowner jailed in the US over Iranian ties Behrouz Mokhtari, 72, of McLean, Virginia, and Tehran, Iran, a naturalised US citizen, was sentenced this week to 41 months in federal prison, followed by three years of supervised release as well as a fine of more than $2m. He had earlier pleaded guilty to two separate conspiracies to violate sanctions imposed by the United ...
Carbon insetting can help close the new fuel price gap Fossil fuels will remain cheaper than renewable fuels for some time, but carbon insetting is an effective remedy that can expedite the energy transition in shipping, says Tom De Ruyter, business developer of renewable and low-carbon fuels at Titan. What is carbon insetting, and why is it important? Carbon insetting refers to the financing of ...
Nearly 70 ports offer bio-LNG bunkers Ships can now bunker bio-LNG at almost seventy ports worldwide, including Singapore, Rotterdam and the US east coast, according to SEA-LNG. A total of 355 LNG-fuelled ships, not counting LNG carriers, are able to use bio-LNG as drop-in fuel without any modification, the industry lobby group, which displays the availability of the marine fuel on ...
Evalend poised to enter LNG trades Greece's Evalend Shipping has set the stage for its debut in the liquified natural gas trades. The Kriton Lendoudis-led diversified owner of mostly bulkers and tankers is said to have penned a letter of intent with HD Korea Shipbuilding & Offshore Engineering for two 174,000 cu m LNG carriers. The ships, costing around $260m each, ...
Fires: Now a burning issue EVs have gone way beyond 'first kid on the block with a Tesla' bragging rights and production volumes will increase...
Strong HSFO demand halves Singapore scrubber spreads Rising high-sulphur fuel oil demand from the Middle East and lower production in Europe because of sanctions against Russian oil...
Russia is threatening commercial vessels, say Ukrainian officials Intercepted transmissions warning commercial vessels entering the Black Sea that they are at risk confirms widespread reports of intimidation and...
CMA CGM expects sluggish market for remainder of year CMA CGM saw an improved second quarter of the year on a seasonal basis but market normalisation has taken the...
Capital Product Partners confirms sale of solitary bulker Sale of the vessel Cape Agamemnon will leave fleet of 22 consisting of containerships and LNG carriers
Capesize rates surge but market outlook remains uncertain The Baltic Capesize Index jumped 27% on the week, but forward freight agreements suggest sentiment remains weaker despite the economic...
Russian attacks on merchant shipping could constitute a war crime Shipowners would have potential recourse through the International Criminal Court, the English Courts or any country that recognises universal jurisdiction...
The Lloyd's List Podcast: How to rebuild resilience into container supply chains The immediate disruptions of the pandemic may have eased, but has the industry learnt sufficient lessons to prevent the same...
CIMC mooted as a potential buyer of CDB Leasing The government in Shenzhen will likely hold a stake in the new ownership structure by way of business links. State...
More electric cars than first thought on board burning Fremantle Highway Fremantle Highway, currently ablaze off the Dutch coast, was carrying 500 new electric vehicles - significantly more than the 25...
EU approves $44m support for German LNG terminal in Brunsbüttel Germany plans to build three onshore LNG terminals by 2028 to increase its import capacity, after bringing three floating storage...
Costamare underlines 'long-term' commitment to dry bulk Boxship rates have softened but are still healthy, according to Costamare, which sees the containership orderbook as the 'principal threat'...
X-Press Feeders signs bio-methanol offtake agreement with OCI X-Press Feeders has 14 dual-fuel methanol vessels on order, which the company expects to take delivery of the first in...
Daily Briefing Shipping faces intimidation, harassment and credible threat of attack in Black Sea | Smaller Greek owners dwindle while fleet grows...
D'Amico eyeing more debt reduction and better dividends The Italian product tanker owner posted strong second quarter earnings that capped a record first half of the year. It...
Economou's TMS Group orders kamsarmax pair at Chengxi Shiyard Deal comes as Chinese shipyards have been at the forefront of order-winning this year, while Greek newbuilding investment has also...
Court denies SC Ports appeal of Leatherman ruling The latest decision upheld an initial ruling by the National Labor Relations Board that allowed the International Longshoremen's Association to sue ocean carriers that called Charleston's Leatherman terminal.
Non-union layoffs edge Yellow closer to collapse Word of layoffs among non-union staff at Yellow spread Friday, and shippers report less-than-truckload (LTL) pricing is already moving higher in anticipation of a shutdown of the third-largest US LTL carrier.
CMA CGM reports $1.3 billion Q2 profit despite flat volume "Normalizing" container shipping market conditions slashed more than $6 billion from CMA CGM's quarterly earnings compared with an overheated 2022, but the carrier remains in a healthy financial position.
'Normalizing' market slashes $6 billion off CMA CGM earnings in Q2 Despite deteriorating market conditions in the container shipping industry having a significant negative impact on its profitability, CMA CGM remains in a healthy financial position.
Long-term chartered air freight capacity depressing market: DSV Forwarders in 2021 signed long-term air cargo charters to meet rising demand for air freight resulting from an overheated ocean market, and some of those charter deals are still in place despite a widespread demand slowdown.
Yellow looks to sell third-party logistics subsidiary as labor talks falter In its latest attempt to avert a potential bankruptcy, unionized trucking company Yellow is trying to raise funds through the sale of Yellow Logistics.
FMC's Dye offers fixes for container flow problems through US ports The FMC commissioner wants to implement uniform empty return dates and define "container availability" as when the container is available for pick up, among other proposals.
Cargo flow woes persist at India's Mundra Port after cyclone disruption Concerned over the trade chaos at Mundra, India's Container Shipping Lines Association said that vessel scheduling on services out of the country had become a major challenge for carriers.
Capesize bulker market reaches four-week high as Atlantic activity heats up Average spot rates jumped $2,500 in one day on Wednesday after slow start to the week
CMA CGM's profit plummets as it expects 'sluggish' second half of 2023 Transport and logistics segment 'remains depressed', chief executive Rodolphe Saade says
Capital Product Partners takes $8m hit to exit dry bulk Impairment from sale of capesize bulker hits bottom line
Capital's 'green revolution', car carrier blaze rages and Xi's disappointing growth The top shipping stories making the headlines this week.
Baltic Exchange eyes period indices for LNG carriers Larger two-stroke vessels are also in its sights to make index benchmark more relevant
Cosco and Guangzhou Salvage forge heavylift giant Chinese partners form world's largest semi-submersible heavylift fleet
Sinokor Merchant Marine named as buyer of Omani VLCC trio A slightly firmer price is being quoted for the scrubber-fitted 'mid-tier' vessels but it is down on levels seen earlier this year
Asia-Pacific wind farm pipeline threatened by dearth of vessels Bigger wind turbines on the horizon may be beyond the capacity of current assets deployed in the Asian wind sector
'The cover's off': CargoMetrics to step up the pace of maritime data product rollouts Hedge fund turned data intelligence firm aims to introduce 10 data packs by end of the year and launch emissisons strand
Samudera profits nosedive on 'subdued' outlook for container shipping Singapore-listed carrier hit by lower rates and volumes in boxship sector
OCI Global inks green methanol supply deal with X-Press Feeders Fuel producer to supply newbuildings in Port of Rotterdam from 2024
Wan Hai inks sustainability-linked loan with Standard Chartered Carrier claims first green finance deal involving a Taiwanese container company
K Line reveals close to 500 electric vehicles on fire-ravaged Fremantle Highway car carrier The number of electric cars is higher than first thought and could explain the North Sea casualty
GTT sees 'profoundly sound' LNG market as orders rack up Record orderbook gives French cargo containment system designer earnings visibility through into 2027
Economou's TMS Dry stacks orderbook with midsize bulk carrier newbuildings The Greek shipowner has ordered two kamsarmax bulkers at Chengxi and four more ultramaxes at Nantong Xiangyu
Ex-director of UAE trader fights UK jail sentence over ship arrest Essa Abdullah Ahmad Al Ghurair says he cannot pay ship arrest legal debt because his brothers won't cooperate
Paolo d'Amico says West's oil price cap is hurting Russia and could quell India's appetite A combination of the price cap and fleet dynamics may turn against Russian exports to India
High-cost value-added ships help shipbuilding giant HD KSOE swing back into profit Group says it has achieved 94% of its annual order target
Comment: Why the Chinese dragon refuses to roar for dry bulk The workshop of the world is defying maritime optimists as it makes 'tortuous progress' towards economic recovery
Container shipping giant CMA CGM still earning over billion a quarter Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
All Nippon Airways big cargo loser in 2nd quarter All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
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