VIDEO: Liberty Lines puts its first hybrid fast ferry into operation Italian ferry operator Liberty Lines yesterday commissioned the 39.5 meter, 251 passenger Vittorio Morace, the world's first hybrid fast ferry in its category and size. Built by Spanish shipyard Astilleros Armon and
BOEM sets date for Central Atlantic offshore wind lease sale The U.S Department of the Interior today announced that the Bureau of Offshore Energy Management (BOEM) will hold an offshore wind energy lease sale in the Central Atlantic, on August 14, 2024.
CMA CGM updates rates from Middle East Gulf to North Europe, Med and North Africa CMA CGM announced new Freight All Kinds (FAK) rates effective from 12 July (loading date at origin ports) until further notice. These new FAK rates apply to dry cargo originating from the Middle East Gulf and destined for all Northern European, East and West Mediterranean, and North African ports. From the Middle East Gulf to: Amount in US$ per 20' Amount in US$ per 40' North Europe 3,600 3,600 W
Kuehne+Nagel expands cross-dock warehouse network to serve US healthcare market Kuehne+Nagel is meeting the increasing demands of the healthcare sector by providing more sustainable and cost-effective supply chain solutions, crucial for maintaining precise temperature control and timely deliveries. Their cross-dock concept involves loading and unloading sea freight temperature-controlled containers at GxP-compliant warehouses located near ocean ports. This setup enables effi
ONE launches direct India-South Carolina service Ocean Network Express (ONE) has launched a new weekly ship service establishing a direct link between India and South Carolina Ports. The inaugural voyage of ONE's West India North America (WIN) service arrived at the Port of Charleston with the ONE Modern docking at Wando Welch Terminal on 26 June. The WIN service bridges India's West Coast with the US East Coast, serving as a crucial route for
CN analysis: Container freight rates out of India on major trades see gains as capacity tightens Container freight rates on trades out of India have begun to rebound after recent downward corrections from the Red Sea crisis-linked highs, according to an analysis of market data for June by Container News . On the westbound India-Europe trade, average short-term contract rates for bookings from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (U
Singaporean mastermind of Port Klang smuggling syndicate nabbed The Malaysian anti-corruption body has arrested the suspected Singaporean mastermind of the smuggling syndicate that falsely declared containerised imports to avoid paying taxes. The man, in his 40s, was apprehended on 24 June when summoned to provide a statement relating to the matter, nicknamed the "Flying Container" case, at the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya,
Braemar: Updating ageing feeder sector critical Hub and spoke maritime supply chains, while always in use, are becoming increasingly important, with the Gemini Cooperation to be launched in a few months an example, but the feeder sector is in anything but ship-shape, according to shipbroker Braemar. According to the broker's figures, the orderbook for vessels in the 1,000-3,000 TEU size range is well below the level of expected scrapping given
MSC implements Oceania peak season surcharges MSC has announced a Peak Season Surcharge (PSS) effective 1 July 2024, due to robust demand in the Oceania region. The surcharge will apply to all shipments originating from Australia and New Zealand to various destinations including Europe, the United Kingdom, Africa, the Red Sea, the Indian Ocean, Canada, Mexico, Caribbeans, Central America, South America (both coasts), Middle East, Indian Subc
Fremantle Ports names new CEO Australia's Fremantle Ports announced the appointment of Jodie Ransom as Chief Executive Officer (CEO), effective from 1 July 2024. According to the statement, Jodie Ransom brings over 30 years of experience in the ports and marine industries. In addition, she previously served as general manager of operations at Fremantle Ports and has been acting CEO following the passing of former CEO Michael
Vuosaari Harbour unveils onshore power system to reduce air pollution The first onshore power supply connection at Vuosaari Harbour in Finland is now operational. This system is utilized by the Finnlines vessels Finnmaid, Finnstar and Finnlady, managing cargo and passenger traffic between Helsinki and Travemünde. Onshore power supply connection provides shore-based electricity to vessels docked at the port, allowing them to turn off their auxiliary engines and sign
Wan Hai secures US$340 million in bank funding to green its Kaohsiung terminal Wan Hai has obtained a TW$11 billion (US$340 million) loan from a syndicate of four Taiwanese banks to upgrade Terminal 5 in Kaohsiung Port. Mega Bank is the lead lender with the syndicate comprising Land Bank of Taiwan, Bank of Taiwan and First Commercial Bank. Photo of loan contract signing Wan Hai is taking over operations of Terminal 5 from Evergreen Marine Corporation, which shifted to Termi
DP World completes major expansion project at Port of Callao DP World has completed a major US$400 million expansion project at the Port of Callao in Peru, enhancing container handling capacity at the South Terminal by 80%. The Bicentennial Pier expansion project extends the pier from 650 meters to 1,050 meters, making Callao one of the few ports in South America capable of accommodating three vessels (or two mega-vessels) simultaneously. The project incre
Global bunker indices see moderate upward movement During the 26th week of the year, the Marine Bunker Exchange (MABUX) global bunker indices showed moderate upward movement. The 380 HSFO index increased to US$554.49/MT, the VLSFO index rose to US$647.49/MT and the MGO index climbed to US$846.62/MT. "At the time of writing, a slight upward trajectory continued in the global bunker market," noted a MABUX official. The MABUX Global Scrubber Spread
MSC to acquire minority stake in Genoa airport Aeroporti di Roma (ADR), a Genoa airport operator, received a binding purchase proposal from Swiss/Italian shipping company MSC Group for its minority stake, equal to 15%, in the shareholding structure of Società Aeroporto di Genova Spa. The proposal comes as ADR expressed its willingness to make its stake available to enable possible synergistic and development plans. ADR's availability was alre
Georgia Ports Authority announces new officers The Georgia Ports Authority (GPA) has announced the appointment of Flavio Batista as Chief Commercial Officer and Rob Dooley as Chief Financial Officer, effective 1 July 2024. These appointments are part of a succession plan established in 2023 in anticipation of the 30 June 2024 retirement of Chief Financial Officer Michaela Thompson and the transition of current Chief Commercial Officer Cliff P
Are You Ready to Create a Comprehensive Business Plan? Creating a business plan is a crucial step for any entrepreneur. This essential document outlines your vision, sets realistic goals, and develops strategies for success. With a well-structured plan, navigating the complexities of starting or expanding a business is more accessible. Whether launching a new venture or growing an existing one, a comprehensive business plan is your roadmap, guiding y
Shipnet introduces new solution to uncover hidden insights within fleet data Norway-based maritime technology company Shipnet has introduced Helix, a groundbreaking new product aimed at revolutionizing decision-making in the shipping industry through advanced data analysis. Helix is expected to offer a digital representation of customers' shipping business, facilitating the seamless integration and analysis of data from various sources, including safety, pricing, and proc
San Pedro Bay ports invest US$25 million in electric truck charging infrastructure The ports of Los Angeles and Long Beach are committing US$25 million to a groundbreaking partnership with regional air quality agencies aimed at boosting charging infrastructure for electric heavy-duty drayage trucks in one of the US most populated regions. This US$135 million initiative, led by the Mobile Source Air Pollution Reduction Review Committee, will install up to 207 charging units at e
Chinese coal terminals 'bursting at the seams' High rainfall, increased hydropower, and preparation for the hot summer months are all contributing to very full coal terminals up and down the Chinese coastline. "Port storage is bursting at the seams, and it appears unlikely that seaborne arrivals will be absorbed, unless end-users begin directing coal inland," analysts at broker BRS noted in their ...
IHB Shipping kicks off fleet renewal with ultramax orders in China Bulgarian bulker owner IHB Shipping has moved to renew its fleet in a deal with Chinese builder New Dayang for three ultramax newbuilds. The Varna-based unit of Industrial Holding Bulgaria (IHB) should see the vessels delivered from the shipbuilding arm of state-run machinery manufacturer Sumec by end-October 2027 through to end-May 2028. The deal, worth ...
Car carrier fleet poised to expand by 40% The red-hot car carrier (PCTC) market, where daily rates have been in six-digit territory for months on end, is set to grow in size by around 40% in the coming few years, according to AXSRoRo, a free new monthly title from the same publishers of Alphaliner, one of the main reference points for container shipping. ...
Ventura Offshore buys semisub rig for $105m Brazil-focused driller Ventura Offshore has signed a binding memorandum of agreement Umas 1 AS for the acquisition of a semisub drilling rig. The gross purchase price for the 2012-built Catarina is $105m, $100m of which will be settled in cash while the remaining $5m will be settled in Ventura shares. Delivery of the rig is ...
Bocimar sells two newcastlemaxes The Saverys family-controlled bulker arm, Bocimar, is taking advantage of aggressive bidding in the bulker segment as large sizes remain popular among cash-rich owners. This week, the outfit has sold two 205,000 dwt, 12-year-old newcastlemaxes, the Mineral Charlie and Mineral Maureen. Brokers added a sale tag of $81.6m to the deal, the highest price achieved ...
Oceaneering wins multiple vessel contracts in Gulf of Mexico Oceaneering has won multiple contracts for vessel services in the Gulf of Mexico. The first deal covers a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller equipment, and replacement of jumpers, the New York-listed firm said. It also includes intervention services and installation work, which is ...
MOL joint venture grows offshore wind fleet with third newbuild at Damen Japan's Mitsui OSK Lines (MOL) has ordered another offshore wind farm vessel via its Taiwanese joint venture with Ta Tong Marine. Ta San Shang Marine (TSSM) has returned to Dutch shipbuilder Damen Shipyards for a service operation vessel (SOV) newbuilding slated for delivery at the end of 2026. No price has been revealed. The 87.7-m-long ...
MSC buys into Genoa airport Cash-rich Mediterranean Shipping Co (MSC) has picked up a 15% stake in Genoa airport for an undisclosed sum. MSC, the world's largest containerline and a big name in the cruise sector, has diversified a great deal in recent years on the back of record profits investing in airplanes, logistics companies, newspapers, towage and car carriers. ...
Gilbert Walter takes over from François Cadiou as chair of BRS François Cadiou, 65, has stepped down as chairman of broker BRS to be replaced by the company's CEO, Gilbert Walter. Walter was a seafarer for 14 years before joining BRS in 1997. He became the group's CEO two years ago. Cadiou, meanwhile, has been with BRS for the past 34 years, taking the chairman role ...
Pooling, banking or borrowing: pathways to compliance with Fuel EU Maritime Vessel owners and operators have a range of options but must decide which works for their fleet, writes Christian Rae Holm, managing director at Coach Solutions. The shipping industry is jetting off for its summer holidays but while the rich and famous enjoy the sun, operations staff have their eyes on January 1 2025, when ...
Zim adds new premium trans-Pacific service to West Coast amid rate surge The carrier next week will roll out a premium express service from central China to complement the South China express service it relaunched late last year as spot rates continue to move higher.
LA-LB ports investing $25 million in charging infrastructure for electric trucks The Los Angeles and Long Beach harbor commissions have each approved allocating $12.5 million to help fund the installation of about 200 charging stations to serve battery-powered trucks in the region.
Near-normal water levels allowing more ship transits through Panama Canal The daily number of vessel transits through the critical waterway is set to return to normal levels after easing of a drought that cut transits in half last year.
Overseas e-commerce platforms not playing by EU rules: digital lobby groups Chinese online platforms were not specifically mentioned in an open letter to the European Commission, but the groups noted that government subsidies made competition with Asia-based e-commerce platforms difficult.
Could this little hydrogen-fuelled ferry be the start of something big? Green Seas podcast visits the first hydrogen ferry in the US as it gears up for operations
CMB selling older newcastlemax as huge newbuilding slate looms European brokers listed two sales, but Belgian owner has denied one of these
Share price soars as 'happy investors' back MPC's Constantin Baack's dual role MPC Container Ships boss takes on the same role at MPC Capital
Hoegh LNG hooks up with Deutsche ReGas on first floating green ammonia cracker New terminal could be delivering hydrogen into German grid by 2026
Ivory traffickers adapt shipping routes after Covid crackdowns Vietnam emerges as increasingly important shipping hub for ivory hauled from Africa
Tanker exports to fall sharply as Ecuador shuts in Napo crude after heavy rains Petroecuador could ship out 100,000 barrels per day less
Jinhui inks bulk carriers in return to newbuilding market Shipowner orders pair of 63,500-dwt vessels
Wavelength podcast: Cyber resilience rules kick in, pushing newbuilding orders forward, Arctic fuel oil ban has gaping exemptions and meeting the Essbergers IACS new cyber requirements kick in, owners push to avoid by signing contracts ahead of 1 July
London Cargo Day committee swings into gear for Mercy Ships A military coup, a life-changing trip and pledge to 'go kick arse'
Francois Cadiou may be stepping down from the BRS board, but he isn't quitting the day job Outgoing chairman is retaining his role as a newbuilding broker
Clarksons' top lawyer Sandra Rosignoli joins Maritime London board Broker's compliance supremo aims to promote UK capital's expertise to global shipping
'Miraculous': Runaway boxship pilot honoured for saving lives Christopher Thornton receives Coast Guard award after taking ship safely underneath bridge at double speed
'Prospects never better': Golden Energy Offshore eyes main Oslo listing in strong markets Boss Fagervoll says the company is well positioned to seize new opportunities
Bulgarian shipping group inks bulkers in first overseas newbuilding deal Industrial Holding Bulgaria inks up to three ultramaxes at New Dayang
Tanker earnings more than double 10-year average despite VLCC weakness, Clarksons says Shipbroker's research division believes market is still strong, with the outlook positive
Fears of a new Red Sea attack on shipping: reports econd incident within 24 hours
Economou stretches offer to buy Performance Shipping as he almost doubles holding Investors now have until September to tender stock as boardroom battle goes on
US blacklists 11 ships in move against Iran nuclear programme Secretary of State Antony Blinken says the US will use 'all elements of national power' to disrupt Iranian nuclear activities
Fredriksen offshore firm Paratus soars in Oslo trading debut to close in on $1bn market cap Offering was described as 'massively oversubscribed'
John Fredriksen offshore firm Paratus soars in Oslo trading debut to close in on $1b market cap Offering was described as 'massively oversubscribed'
Maritime decarbonisation is slowing down, says DNV boss. Here's how we know Chasm between 'policymakers and industry is getting wider', according to Knut Orbeck-Nilssen
Traders and energy majors share Egypt's record 20-cargo LNG bonanza Government bringing in gas to cope with energy demand in hot summer
Shipping recovery propels $200m hedge fund to sixfold returns Albemarle Shipping Fund was founded by Will Homan-Russell, Magnus Halvorsen and Cato Stonex
MOL venture capital arm invests in 'seaglider' developer Shipping giant joins other big Japanese names in backing US venture
China Merchants inks newcastlemax bulker orders at Qingdao Yangfan Shipbuilding Second newbuilding contract in two weeks by top-tier shipowner
Mission to Seafarers Singapore gears up to meet Tuas Port challenge Opening of mega-port brings need to boost fundraising, staffing and volunteers
Dynagas LNG Partners pays off loan with four-ship sale-and-leaseback deal Company is also assessing the impact on its operations of latest EU sanctions against Russia
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
