DARPA's No Manning Required Ship (NOMARS) moves to the build stage DARPA's groundbreaking No Manning Required Ship (NOMARS) project has taken another step forward. Serco North America, the prime contractor and design integrator for the project, has now awarded Nichols Brothers Boat Builders
VIDEO: Eastern Shipbuilding launches USCG's first Heritage-class OPC Eastern Shipbuilding Group christened and launched USCGC Argus (WMSM-915), the U.S. Coast Guard's first Heritage-class Offshore Patrol Cutter (OPC), in an October 27 ceremony held at its Nelson St. Shipyard in Panama
FERRIES 2023: The passenger experience and electric ferries On November 15, Day 2 of Marine Log's FERRIES 2023 conference, David Tyler, co-founder of Artemis Technologies-a high-performance maritime design and applied technologies company-will outline the EF-24 passenger ferry and how electric
St. Lawrence Seaway strike ends The St. Lawrence Seaway reopened today after mediated negotiations between the St. Lawrence Seaway Management Corporation (SLSMC) and the Unifor union produced a tentative agreement. The 364 Unifor members who have been
Fairbanks Morse Defense acquires American Fan Continuing to solidify its position as an integrated defense contractor and provider to the U.S. Navy, Military Sealift Command and the Coast Guard, Fairbanks Morse Defense (FMD) has now acquired American Fan.
BOEM designates new Gulf of Mexico Wind Energy Areas The Bureau of Ocean Energy Management (BOEM) reported Friday that it had finalized four new Wind Energy Areas (WEAs) in the Gulf of Mexico. Announcement of the new WEAs follows the first-ever
Maersk is transitioning towards greener future The article was written by the Maersk team At Maersk, we currently oversee the operation of more than 600 self-managed logistics facilities worldwide and we are planning to expand our footprint in the coming years. Learn how we work to make our operations more sustainable. In a world where customers are increasingly seeking transparency in their supply chains, we at Maersk recognise the growing d
20 containers fell from lighter barge into Canadian sea On 27 October, 20 containers and undefined "assorted freight" fell into the sea at the Iqaluit port anchorage in Frobisher Bay, southeast Baffin Island, Canada. According to Maritime Bulletin, Sivumut, a general cargo ship, arrived in Iqaluit anchorage on 23 October from Becancour, Canada, and carried out cargo operations. Containers were dropped not from the ship, but from a lighter barge used i
KEZAD Group starts US$90 million infrastructure development for food and auto-hubs Khalifa Economic Zones Abu Dhabi Group (KEZAD Group) has officially commenced infrastructure development in Area B1 at KEZAD Al Ma'mourah. This development, valued at approximately US$90 million, covers projects such as the Abu Dhabi Food Hub and Global Auto Hub. These investments are part of AD Ports Group's five-year organic capital expenditure plan, amounting to US$4 billion, scheduled for imp
MOL selects MarTrust payment service for seafarers Mitsui O.S.K. Lines (MOL) is set to implement MarTrust, a specialised payment service designed for maritime purposes, for seafarers aboard ships managed by MOL Group's ship management firms. This initiative is geared towards enhancing the well-being of seafarers by facilitating electronic payroll distribution through mobile applications. MOL's target is to provide access to MarTrust for all eligi
Port of València Pilots' Corporation launches modern simulator The Port of València Pilots' Corporation has launched its advanced simulator, which allows it to recreate real-world scenarios and enhance operations while strengthening marine safety. Furthermore, this technology allows users to mimic any circumstance in the port's waters, enabling them to practice manoeuvres on vessels of any size and in all sorts of operational situations (it includes a VTS or
CN analysis: Freight rate slide on trades out of India continues amid persistent demand pressure Container freight rates across trades out of India have seen no noticeable recovery signs for carriers in October, according to the latest market analysis by Container News . On the westbound India-Europe trade, average short-term contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have fallen to
Large renovation project in New Jersey port, utilising 15 SFT Cone Fenders and Bollards The Repauno Port & Rail Terminal, located in Gibbstown, New Jersey, directly along the Delaware River, is at the center of one of the most active shipping markets in the United States. This strategically located site has significant logistical benefits and is now undergoing a substantial refurbishment project to become a multipurpose facility capable of handling a variety of cargo types, includin
Not so festive season for forwarders Christmas has arrived, but not for US freight forwarders, who have seen volumes and demand crash with no peak season to speak of and the prospect of a very unhappy New Year. According to analyst Jon Monroe, forwarders are suffering because consumers are failing to spend and still elevated inventories mean that 2023 has not been conducive to a return to a pre-Covid demand 'normality'. Monroe elabo
Bulker master hurt in robbery attempt off Singapore The master of a bulk carrier was injured during an attempted sea robbery while the ship was sailing towards Singapore. The International Maritime Bureau's live piracy reporting centre stated that the incident took place around 4.50 pm (UK time) on 22 October, but was not reported until 27 October. According to the report, four or five men armed with a gun and knives boarded the ship and took the
Kuehne+Nagel reports 9M net turnover over US$20 billion The Kuehne+Nagel Group announced its financial results for the first nine months of the year (January to September 2023). The company reported almost doubled earnings before interests and taxes (EBIT) for the first nine months of 2023 compared to pre-pandemic levels. Kuehne+Nagel's EBIT of the first three quarters of the year reached US$1.75 billion. The company's net turnover in the first nine m
SSE Energy Solutions signs deal with Peel Ports to power major project at Hunterston PARC SSE Energy Solutions has entered into a strategic collaboration with the proprietors of Hunterston Port and Resource Campus (Hunterston PARC) in Scotland to supply sustainable energy for the envisioned expansion. Peel Ports Group, the second-largest port operator in the United Kingdom, is in the process of establishing a substantial energy and marine center spanning over 1.2 million m² within the
CMA CGM increases rates on Transatlantic trade Due to the "unsustainable rate levels" reached on the Transatlantic trade, French ocean carrier CMA CGM announced adjustments on its rates, effective from November for all Transatlantic westbound lines. From To 20'ST/RF Current rates 40'ST/RF/HC Current rates 20'ST/RF New rates 40'ST/RF/HC New rates Rotterdam New York US$1,450 US$1,600 US$1,650 US$2,000 Rotterdam Veracruz US$1,813 US$2,026 US$1,9
Study Abroad Essentials: Furnished Apartments in Madrid for International Students Studying abroad is an exciting journey of culture, education, and new connections. Madrid, Spain's lively city, is frequently a popular option for international students. But, before you go on your voyage, you must make an important decision: where will you live? Furnished apartments are a terrific alternative, and we'll go over all you need to learn about finding your perfect home away from home
CMA CGM announces overweight surcharge from Middle East Gulf to Europe and Mediterrannean CMA CGM announced it will implement a new overweight surcharge from the Middle East Gulf to North Europe, Scandinavia, Poland, the Baltic, the West Mediterranean, the East Mediterranean, the Adriatic, North Africa, and Morocco. The new surcharge will be effective from 15 November 2023 (loading date), until further notice and will apply to dry cargo. CMA CGM said the new overweight surcharge will
Industry players team up to proceed with first clean hydrogen shipment across the Atlantic The Mission Possible Partnership (MPP), RMI, Systemiq, Power2X, and other industry leaders have joined forces to promote and facilitate the delivery of the first clean hydrogen shipment from the United States to Europe by 2026. By 2030, the Transatlantic Clean Hydrogen Trade Coalition (H2TC) aims to allow the movement of more than three million metric tons of hydrogen in the form of ammonia and m
Chinese ports move over 230 million TEUs in 2023 9M From January to September 2023, the cargo volume of Chinese ports was 12.540 billion tons, translating to a year-on-year increase of 8.5%, while the container throughput of Chinese ports was 230.7 million TEUs, representing a year-on-year growth of 5.2%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China. As seen in the table, the port of S
Eidesvik seals PSV contract extension with Wintershall Dea Oslo-listed shipowner Eidesvik Offshore has secured another contract extension with Wintershall Dea for its 2013-built platform supply vessel . The German-based oil and gas producer has declared an option to keep the 2013-built ship until January 2025. The new hire starts in January in direct continuation of the current contract which kicked off in July. ...
J. Lauritzen cashes in on Hafnia shares Danish maritime investment company J. Lauritzen has cashed in on its shares held in Hafnia, a product tanker unit of Singapore's BW Group. Pareto Securities, which acted as sole manager and bookrunner, revealed a block sale on social media. Lauritzen Tankers was, in 2010, a founding partner of Hafnia Management. In 2013, the company sold ...
Höegh Autoliners sheds one car carrier and buys another Norwegian car carrier player Höegh Autoliners has reached an agreement for the sale of one and the acquisition of another vessel. Höegh said on Monday that it sold its Höegh Bangkok vessel to an undisclosed customer for a price of $63m. The car carrier was constructed at the Uljanik shipyard in 2007 and has a ...
ZeroNorth and Alpha Ori Technologies to merge Danish vessel optimisation brand ZeroNorth and BW Group-backed Alpha Ori Technologies (AOT) a Singapore maritime technology firm set up by Rajesh Unni, the founder of shipmanager Synergy Group, have decided to join forces. A merger deal will create a leading maritime optimisation company and a new powerhouse in shipping's digital transformation, the duo said in ...
Anemoi pens deal with Chinese shipbuilder for LNG carrier rotor sail design British supplier of rotor sails for commercial vessels, Anemoi Marine Technologies, has entered into a joint design cooperation agreement with Hudong-Zhonghua Shipbuilding for the design of rotor sails onboard two LNG carrier newbuildings. As part of the agreement, Anemoi will assess the feasibility and design of rotor sails for installation on LNG carriers and develop ...
Investors pile into booming offshore sector The booming offshore sector, where tonnage is incredibly tight at present, could lay claim to being the most investible sector in shipping today. A presentation given by Pareto Securities on September 20 showed the OSV sector market cap was up by 2.7 times in the space of just 12 months. A strong upward movement in ...
Havila Shipping shrinks fleet with triple sale Norwegian OSV owner Havila Shipping has continued to offload ships as part of its financial restructuring. The Fosnavåg-based firm is selling the 2010-built platform supplier Havila Commander and the 2009 and 2010-built anchor handlers Havila Venus and Havila Jupiter. The ships, which have been trading in the spot market, are set to deliver to new ...
Minerva Marine adds LR2 to growing fleet Greece's Minerva Marine keeps piling on modern tanker purchases in the fourth quarter, going only for popular premium priced ships with ice class A notation. Andreas Martinos and his 57-ship strong tanker arm is getting even stronger. Sources tell Splash that Minerva has tabled just under $66m for a modern LR2, purchasing a four-year-old Shanghai ...
Hundreds of Odfjell drillers to vote on strike action Hundreds of Odfjell offshore drillers are being balloted in a dispute over working rotas and paid annual leave, Unite, Scotland's leading offshore trade union has confirmed. The disputes involve drillers, electricians, mechanics, and materials controllers on Equinor's Mariner unit and TAQA units including Harding, Tern Alpha, East Brae, Brae Alpha and the North Cormorant. The ...
US designates four new offshore wind areas in Gulf of Mexico The US Bureau of Ocean Energy Management (BOEM) has finalised four new wind energy areas (WEAs) in the Gulf of Mexico. Together, the WEAs could support offshore wind projects with the potential to produce enough clean, renewable energy to power more than three million homes. Before finalising the WEAs, BOEM collaborated with NOAA's National Centres ...
St Kitts and Nevis registry takes flak in triple abandonment case The St Kitts and Nevis ship registry stands accused of evading its responsibility to more than 30 seafarers by deregistering three ships on which they are abandoned, a tactic which has been roundly condemned by the International Transport Workers' Federation (ITF). Seafarers on the Med Sea Eagle and the Med Sea Fox anchored off the ...
Strike along the St Lawrence ends Ships will start working again along the St Lawrence river this morning, bringing an end to an eight-day strike after a deal was struck Sunday with around 360 workers and members of Unifor, Canada's largest private-sector union, in a dispute over wages with the St Lawrence Seaway Management Corp. "Details of the tentative agreement will ...
Captain injured in robbery off Singapore A ship's captain was sent to hospital in Singapore having been attacked during a sea robbery early on Friday morning. The Maritime Rescue Coordination Centre (MRCC) operated by the Maritime and Port Authority of Singapore (MPA) was notified of the robbery onboard an unnamed Marshall Islands-flagged bulk carrier in the Strait of Malacca outside Singapore's ...
Gunvor secures AMPTC LR2 newbuilds Swiss-based commodity trading giant Gunvor, through its shipping subsidiary Clearlake, has secured modern LR2 tonnage from Arab Maritime Petroleum Transport Company (AMPTC). The Kuwait-based owner has committed its 2023-built 113,800 dwt Ocean Blue for 60 months and the trio Crystal, Saqr and Seahorse most likely when they deliver from Hyundai Heavy Industries (HHI) in 2024. ...
Vessels movements through St Lawrence Seaway resume after tentative agreement reached Tentative deal for 360 employees on the Canadian locks of the St Lawrence Seaway reached over the weekend, ending strike...
Economou escalates attack on Performance Shipping with New York lawsuit George Economou, through his Sphinx Investment Cor., is suing Performance directors including chairperson Aliki Paliou and husband Andreas Michalopoulos, the...
Saudi production cuts leave VLCCs out in the cold as winter rates boost remains elusive VLCCs most affected by crude production cuts seen by Middle East exporters
Shipping's tech consolidation accelerates as ZeroNorth joins forces with Alpha Ori Despite an accelerating pace of M&A deals in past 12 months, the maritime tech landscape is still dominated by start-ups...
AP Moller Holding lines up VLGC newbuilding quartet in return to gas vessel ownership New series of 88,000 cu m capacity vessels have been priced at $117m each
IMO 'needs new convention' before imposing carbon taxes 'The IMO is a body that is tasked with regulating certain technical aspects of ships. It is not a body...
Tanker used to offload Suez Rajan's Iranian cargo in Houston reportedly sold for $20.8m The medium-range tanker MR Euphrates, which was called from the Middle East Gulf to Houston to unload Suez Rajan amid...
Anemoi teams up with Hudong-Zhonghua for LNG carrier sail project Anemoi Marine Technologies-designed rotor sails set to be fitted to a pair of newbuildings built by China State Shipbuilding Corp-owned...
Samsung Heavy Industries' third quarter profit tops South Korea's big three shipbuilders SHI expects to exceed its $9.5bn new order target this year on the back of anticipated orders from QatarEnergy
The week in charts: Box lines push through rates rise | Mid-sized tankers spot rate surge | Russia moves to acquire seized Mariupol ships Rotterdam bunker sales at three-year low in third quarter, sharp capacity reductions begin to pay off as containership rates head...
The week in newbuildings: Louis Dreyfus confirms ro-ro fleet replacement programme New energy-efficient tonnage will replace three 2000s-built specialised ro-ro cargo ships that carry assemblies and parts for Airbus. However, newbuilding...
Höegh Autoliners buys leased PCTC for almost half its market value The 6,500 car capacity Höegh Jacksonville is the sixth leased large car and truck carrier to have been purchased by...
Bulker master injured in Malacca Strait robbery A bulker master on a Marshall Islands-flagged ship was hurt in an alleged robbery in the Strait of Malacca. He...
Daily Briefing Lebanon war risk rates double as fears grow that fighting will spread | Capesize rates plummet below $20,000 per day...
Carriers, shippers face Australia cargo delays from DP World stevedore strikes DP World said it is currently experiencing a seven- to eight-day turnaround in vessels being worked at four major ports in the country, a significant delay compared with the usual two-day turnaround.
New chassis pool launches in Memphis to boost competition in market The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market.
New interoperable chassis pool launches in Memphis The new pool will generate options for truckers and cargo owners moving ocean containers through the major inland market.
Asia-Europe ocean shippers go to tender in a freight buyers' market Still, sharply rising vessel operating costs could limit any exploitation of the supply-demand imbalance with carriers unwilling to accept loss-making contracts.
Lack of investment constraining US breakbulk port capacity The funding shortage for breakbulk port facilities will create severe constraints on both cargo owners and vessel operators as offshore wind construction accelerates and new types of energy projects are developed.
Ardmore Shipping shares sell off on unusually high volume Irish clean product tanker specialist had a special year in 2022 but has failed to lift in this one
Nailed it: Matson reports profit at upper-end of analyst-beating guidance Volumes sink across all trades for Hawaii container ship operator
Clarksons Securities sees 'bright spot' still for capesize bulkers following sharp decline Last week's 37% tumble is 'consistent with seasonal trends', analyst says
St Lawrence Seaway reopens as union and employers reach tentative labour deal Strike closes important waterway for more than a week
Surging suezmax rates outstrip VLCCs from the US Gulf Coast Argus Media says strong winter demand from Europe is driving rates for midsize tankers
Container shipping 'car crash' predicted in 2024 followed by years of overcapacity The prospect of container markets reaching a balance this decade is increasingly slim
Economou sues Performance Shipping directors in New York Greek shipowner's action references SEC enforcement against controversial Maxim Group
Hoegh Autoliners sells one vessel and grabs another with a purchase option Hoegh Bangkok exits the fleet at a slight premium
Eastern Pacific doubles down on ammonia dual-fuel bulkers in China Idan Ofer-owned company now has six ammonia-powered newcastlemaxes booked at Qingdao Beihai Shipbuilding
AP Moller arm linked to LOI for 10 very large ammonia carriers All eyes on ship and engine specifications as the shipowning giant moves on ammonia
Surging suezmax rates outstrip VLCCs from the US Gulf Argus Media says strong winter demand from Europe is driving rates for midsize tankers
South Africa fixes product tankers to store diesel as it battles power cuts Clean carriers used as floating tanks in Mossel Bay, state oil company PetroSA says
Silk Alliance sets out plans to put green container corridor into action Details revealed in an open letter also call for action to facilitate the energy transition
Great Eastern profit dips as bulker and product tanker rates fall back Indian owner sees better earnings from crude tankers, however
Anemoi ties up with Hudong-Zhonghua on sail design for LNG carriers New partners to make sails ready for future newbuilding and retrofitting projects
Wallem Group adds Viken's dual-fuel LR2 newbuildings to managed fleet Hong Kong manager says it is making strides in decarbonisation
Maersk lines up order for 10 very large ammonia carriers as it dives back into gas All eyes on ship and engine specifications as the shipowning giant moves on ammonia
Time to 'take a profit': J Lauritzen sells out of Hafnia for $29m CEO Kristian Morch explains that investment has been a good one for Danish group
ZeroNorth and Rajesh Unni's Alpha Ori strike deal to forge shipping tech giant Optimisation and data companies want to boost efficiency services across global shipping fleet
Baumarine pool adds $1m upside to Qatar owner S'hail Shipping's bulker fleet Klaveness and Marubeni venture says the panamaxes have earned 8% more in 2023
Lomar refinances six ships and lifts transactions with Macquarie to $150m Owner says loan package is its third deal with Australian financier
Eastern Pacific doubles down on ammonia dual-fuel bulk carriers in China The Idan Ofer-owned company now has six ammonia-powered newcastlemaxes booked at Qingdao Beihai Shipbuilding
China's Qingdao Pengteng recycles oldest container ship after profiting from fleet sell-off Sale of Lucky Dragon is one of 16 sales deal lined up by Chinese tonnage provider so far in 2023
Bulker master injured after ship boarded in Strait of Malacca Latest incident is likely to prompt calls for greater security in vital South East Asian waterway
East Coast vs. West Coast: More imports shift back to Pacific ports Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
Hawaiian Airlines' welcomes new Amazon revenue stream Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
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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