Port strike: No good news As the clock ticks down to a strike that will close U.S. ports from Maine to Texas after midnight tonight, there were no signs that either side in the dispute was prepared
BOEM postpones Oregon offshore wind energy auction The Bureau of Ocean Energy Management (BOEM) has announced that it is delaying the offshore wind energy auction planned for potential lease areas offshore Oregon due to insufficient bidder interest at this
PT Cahaya Samudra delivers two new Incat Crowther fast ferries to Majestic Majestic Fast Ferry Pte Ltd., which operates between Singapore and Bataam, Indonesia, continues to grow its fleet of Incat Crowther designed fast ferries. It has now has taken delivery of two new,
FERRIES 2024: A look at ferry innovations in Norway The global ferry industry is rapidly transforming due to advancements in remote and autonomous technology, especially in Norway. As we look to the future, it's essential to understand the latest developments, challenges,
White Paper: Sailing Toward a Greener Horizon As the marine industry pushes toward greener practices and alternative propulsion sources, many companies are transforming their current fleets into ones that can usher them into the future. Learn about the construction
Operators of PS Dream fined $2 million, captain gets prison term Two corporations that operated the motor tanker PS Dream - Prive Overseas Marine LLC and Prive Shipping Denizcilik Ticaret - were sentenced Friday in federal court in New Orleans to pay a
Cadeler signs Asia Pacific WTIV vessel reservation agreement There are only so many wind turbine installation vessels (WTIVs) in the world fleet capable of installing today's giant wind turbines and Danish-headquartered, Oslo-listed Cadeler A/S controls a lot of them. Today
Metsä Group and AtoB@C Shipping cooperate on cutting emissions from shipping By 2030, Finnish forest industry giant Metsä Group is aiming to cut fossil-based carbon dioxide emissions from its wood supply by 30% from the 2022 level. The bulk of those emissions derives
Governor Jeff Landry appoints new Chairman of Port NOLA and Public Belt Railroad Commission Governor Jeff Landry recently appointed Michael A. Thomas as Chairman of the Board of Commissioners for the Port of New Orleans (Port NOLA) for a five-year term. With the alignment between Port NOLA and the New Orleans Public Belt Railroad (NOPB), Thomas will also serve as Chairman of the New Orleans Public Belt Railroad Commission. Thomas takes over from Joseph F. Toomy, whose last five-year ter
DP World expands rail network with second London Gateway-Southampton service DP World is expanding its rail capacity between two of the UK's largest container ports by launching a second weekly rail service connecting the London Gateway and Southampton logistics hubs. This strategic move aims to strengthen the UK's supply chain resilience while reducing carbon emissions, cutting over one million truck miles annually. The new mid-week rail service, operated by Freightliner
How to Handle a Denied Insurance Claim After a Car Accident Car accidents can happen unexpectedly, and dealing with the aftermath is never easy, especially when insurance claims get denied. If you're in Oroville, California, and facing this challenge, it's important to know that an Oroville car accident lawyer can be an invaluable resource in helping you navigate the legal complexities. Oroville, with its scenic routes and proximity to major highways, see
Divergence in reefer markets in wake of Gaza War Reefer cargo to Middle Eastern destinations has seen a "negative spiral", as a direct result of the Cape of Good Hope diversions with carriers taking a more direct route from Europe to the Far East. A Xeneta analysis of two reefer trades from Europe to the Arabian Gulf and Southeast Asian destinations highlights the effects on both trades, as a result of the conflict in Gaza, which has seen Yemen
Gemini partners top schedule reliability rankings Danish maritime data analysis company Sea-Intelligence has examined schedule reliability data up to August 2024. In August 2024, global schedule reliability improved slightly by 0.7% points month-on-month (M/M), reaching 52.8%. Despite being relatively low, schedule reliability in 2024 has remained stable within the 50%-55% range, offering shippers some consistency in expectations each month. How
Two bodies recovered from fire-hit oil tanker in Chittagong The bodies of at least two seafarers have been recovered from an oil tanker in Chittagong port after the fire that broke out today (30 September) in the morning. The tanker Banglar Jyoti, owned by Bangladesh Shipping Corporation (BSC), was moored at the oil jetty of Chittagong port where a blast occurred at 11 am (local time) and fire broke out
Condition of Ukrainian Ports 30 Months After the Russian Invasion Ukraine's maritime trade has been profoundly affected by the Russian invasion, transitioning from a competitive regional player to one facing near-total disruption of its main seaports. The reliance on alternative, smaller ports has provided only a partial solution, while global shipping and food security have felt the ripple effects. Ukraine's maritime trade was heavily reliant on its Black Sea
MacGregor to supply cargo access solutions for 12 PCTCs MacGregor, a division of Cargotec, has received an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs), with an option for eight additional vessels. These ships will be constructed by China Merchants Heavy Industry (Jiangsu) (CMHI) for CIDO Shipping. The order was recorded in Cargotec's third quarter 2024 intake, with deliveries scheduled to commence in the second qu
No late reprieve from USEC strike US docker's union, the International Longshoremen's Association (ILA) has confirmed that tomorrow's strike will begin at midnight local time, with union members downing tools at east coast and Gulf ports. The ILA has a total of 85,000 members across North America, but any hopes of relief from Canadian ports were dashed with an announcement that Montreal dockers will also begin a three-day stoppag
Long Beach terminals reopen after battery fire accident Port of Long Beach (POLB) reported that Ocean Boulevard and the Vincent Thomas Bridge have fully reopened to traffic with the removal of the truck and load involved in a battery fire accident at the intersection of Ocean and Navy Way. The site has been decontaminated, according to the statement with the Los Angeles Fire Department having moved and contained the load at another location in the Por
Port Houston on track for container record year Port Houston handled 367,653 TEUs in August, representing a 20% year-on-year growth. Over the first eight months of the year, the US port has moved 2,791,127 TEUs, translating to an 11% increase over the same period in 2023. With this pace, Port Houston is on track for another record year. "These volumes reflect the Port Houston team's unwavering commitment to operational excellence," highlighted
Maqta Gateway and Presight partner to boost trade and logistics with AI solutions Maqta Gateway, a member of AD Ports Group's Digital Cluster, has announced a Partnering Agreement with Presight AI Technologies LLC to jointly develop advanced AI-powered digital solutions for the trade and logistics sectors. The partnership aims to foster local innovation while enhancing the global competitiveness of their combined expertise in international markets. "This agreement is a step fo
Jeddah Islamic Port: Key driver in Saudi Vision 2030 and global trade Jeddah Islamic Port, a key maritime hub in Saudi Arabia, plays a crucial role in the Kingdom's Vision 2030. Strategically situated on the Red Sea, the port is positioned as a vital link for both east-west and north-south trade routes, making it indispensable to the national economy and global trade networks. Vision 2030 has spurred significant interest from international investors, and the mariti
Seanergy digs in for boardroom battle with George Economou US-listed Greek capesize bulker specialist Seanergy Maritime is taking steps to defend itself against fellow shipowner George Economou, urging shareholders to dismiss his proposals and nominees to the company's board. Economou, who, via his affiliated investment vehicle, owns about 9% of Nasdaq-listed Seanergy, launched a proxy fight in June, naming John Liveris and Georgios Kokkodis ...
Tanker captain sent to prison, owner fined over US oil discharge case The case involving Turkish owner Prive Shipping deliberately dumping oil from its tanker PS Dream was wrapped up with the company being fined $2m and given four years of probation while the captain of the vessel was sent to prison. The companies pleaded guilty in May to charges of conspiracy, obstruction of justice, and violating the ...
Castor Maritime adds modern kamsarmax in $30m deal Cyprus-based bulker and boxship owner Castor Maritime has snapped up its second ship in less than a month with the purchase of a modern kamsarmax. The Nasdaq-listed firm said it has struck a $29.95m deal with an unaffiliated third party for an unnamed 2020-built bulker, which will be financed with cash on hand. The ship ...
A.P. Moller Holding starts up green methanol-based plastics producer Denmark's A.P. Moller Holding has launched a new venture which will manufacture fossil-free plastic resins using green methanol as a feedstock. The plastics industry faces significant environmental challenges, due to the dependence on fossil feedstock in production and lack of end-of-life recycling. Developing and commercialising fossil-free plastics production methods is crucial to meet the 2050
Wuhan Innovation orders 16 methanol-fuelled river-sea bulkers Wuhan Innovation Jianghai Transportation has ordered 16 methanol-powered river-sea dry bulk vessels from Jiangsu Qinfeng Shipbuilding. The contract is for 15,000 dwt and 19,600 dwt methanol-fueled vessels. These are lauded as the first Chinese vessels to use methanol as their sole fuel. These two vessel types will use two different kinds of CS21M methanol single ...
Alinta and Parkwind get license for 1.2GW wind farm off Australia The Australian government has offered Alinta Energy and Parkwind a feasibility license for the Spinifex offshore wind farm. This is part of Australia's Reliable Renewables Plan for the Southern Ocean offshore wind zone. The Southern Ocean area is the third offshore wind zone in the country. It was declared in March but massively reduced from ...
Aker Solutions bags Troll A topside modification deal Norway's Aker Solutions has been awarded an EPCIC contract by compatriot Equinor to prepare the topside of Troll A for accelerating production from the Troll West gas reservoir. The scope includes engineering, procurement, construction, installation, and commissioning for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from ...
American ports brace for shutdown As Daily Splash, our free newsletter, published today there remained just 19 hours until one of this century's most hard-hitting port strikes takes effect. After many months of stalled negotiations, some 45,000 workers across 36 US east and Gulf ports will likely down tools at midnight tonight, leading to extraordinary vessel queues across America's eastern ...
Cadeler lines up newbuild for Asia Pacific work Copenhagen-headquartered shipowner Cadeler has continued its expansion in the offshore wind installation arena with a new deal for two projects in the Asia Pacific region. The BW Group and Scorpio-backed player has inked a vessel reservation agreement (VRA) with an undisclosed developer, which will see one of its newbuilds available for work on projects expected ...
French order for methanol and wind-powered boxships cancelled French startup Zéphyr & Borée has seen an order for five innovative containerships in South Korea cancelled. The $311m deal signed in May 2023 by Zéphyr & Borée and HD Hyundai Mipo Dockyard ultimately did not result in a firm order. The yard said in a stock exchange filing that the order had been terminated ...
CMA CGM becomes first foreign liner to operate on Philippine domestic box trades Following the Marcos administration's decision to ease cabotage laws, a subsidiary of France's CMA CGM has become the first foreign liner to operate domestic routes in the Philippines. The 1,037 teu CNC Pilipinas has become the first foreign ship to operate exclusively on local trades in the Philippines, calling Manila, Cebu and Cagayan de Oro. ...
Israel strikes Houthis in Hodeidah Israel launched strikes at Houthi targets in Yemen yesterday. The Israeli military said in a statement that dozens of aircraft, including fighter jets, attacked power plants and terminal facilities at Hodeidah port. "Over the past year, the Houthis have been operating under the direction and funding of Iran, and in cooperation with Iraqi militias in ...
ABS approves ammonia fuel retrofit solution An ammonia fuel supply system that can be retrofitted to existing vessels or installed on newbuilds has earned approval in principle (AIP) from ABS. The ammonia fuel supply system from Japan's Nikkiso Clean Energy & Industrial Gases features high-efficiency pumps and an integrated fuel management system. ABS completed design reviews based on class and statutory ...
China preps for 32,000 teu boxships While much of the rest of the liner world is favouring new ships that are sub-megamax, China continues to push the size envelope when it comes to the container trades. Among the more headline-grabbing announcements coming out of the giant SMM exhibition in Hamburg earlier this month, China State Shipbuilding Corporation's (CSSC) Shanghai Ship Research ...
Navios adds to Korean boxship orderbook Angeliki Frangou's Navios Maritime Partners has exercised options for a pair of containership newbuilds in South Korea. The New York-listed company, which has targeted mostly aframax/LR2 tanker newbuilding projects since last year, has contracted HJ Shipbuilding & Construction, formerly known as Hanjin Heavy Industries & Construction, to build two more 7,900 teu vessels worth about ...
California governor signs bill to expedite construction of wind terminal in port of Long Beach California governor Gavin Newsom signed a bill that will expedite the construction of a proposed 400-acre terminal for the assembly...
Daily Briefing US Russia sanctions more effective at halting tankers than EU or UK | Pre-strike scramble underway in US to unload...
US Russia sanctions more effective at halting tankers than EU or UK While sanctions have had some success in leaving some tankers unemployable - at least temporarily - sanctioned crude exports globally...
Saudi ports bear brunt of lines' Red Sea contingency plans Carriers' dual east-west trade offerings for 2025 show Jeddah and King Abdullah as the ports that stand to lose the...
Attica acquires fast ferry for about €18m Greece's largest ferry group recouped cash recently from selling its stake in Morocco service
Boxship charter market maintains strength despite pressure on feeder rates While there have been charter rate declines in several vessel segments the containership charter market remains robust
The week in charts: Container and dry bulk stocks outpacing tanker shares | MEPC82 kicks off with impact assessment debate | Pre-strike scramble underway in US Container and dry bulk leave tankers behind in stock market, MEPC82 kicks off with impact assessment debate at the IMO...
Diamond Shipbroking adds ex-Braemar duo New recruits bring years of experience in capesize and panamax sectors
MEPC82 kicks off with impact assessment debate The IMO's marine environment meeting started with a debate on the need to address food security under the Comprehensive Impact...
CMA CGM subsidiary to run first foreign-owned line in the Philippines The line said its service will improve connectivity between key ports in the Philippines and provide opportunities for Filipino seafarers...
Nine merchant vessels caught up in Israeli attack on Yemeni ports Security company Ambrey reported an attack by the Israeli Defence Force on the Yemeni port of Hodeidah and power terminals...
The week in newbuildings: Containership orders prevail CLdN, Marinakis Group, Navios Maritime Partners and an undisclosed buyer sign up for 16 containerships to boost capacity ordered this...
South Korean builders roll out red carpet for US Navy's repair dollars As senior US Navy officials visit the R&D centres of HD Hyundai and Hanwha Ocean, the move is seen as...
K Line allies with Japanese partner Kamigumi to boost logistics business Move comes as ocean carriers strive to expand their landside operations, provide end-to-end services, enhance competitiveness, and secure additional revenue...
Master sentenced to eight months in US prison in oil-dumping case Chemical tanker's master received eight-month prison sentence for violating US pollution laws
Truckers pre-pull imports as strike set to close East, Gulf coast ports Trucking companies rushed to remove containers at East and Gulf coast ports before a Tuesday strike as nearby yards swell with container equipment and chassis.
Breakbulk reefer segment hanging on in shrinking market Container lines are contracting directly with perishables shippers, undercutting volume brokers, but the specialized reefer fleet is hanging on to niche markets as a handful of ports pivot toward dockside cold storage.
Conflicting post-pandemic worldviews bring ILA, employers to historic strike
UP raises surcharges on low-volume shippers in California The increased fees are the latest sign that freight demand in California remains red hot in September, while other high-volume lanes are seeing minimal growth from 2023 levels.
Can Canada's largest East Coast port pick up the slack? Not while its workers are on strike too Three-day strike impacts terminals utilised by MSC
$300m or $5bn per day: How much could a port strike hurt the US economy? JP Morgan analyst predicts impact as high as $4.5bn per day
Swiss energy company orders first LNG carrier with Celsius newbuilding partnership MET Group signs joint venture deal with Danish shipowner
Zim shares soar to 52-week high as US port strike adds latest disruption to benefit company European shares also gain as analysts watch for clues to duration of labour action
Christmas chaos: Historic US port strike comes at worst possible time with lasting impacts feared Effects of port shutdown will not be seen immediately, warns Greek shipping boss
Carnival delivers another record-breaking quarter with $1.7bn profit US cruise giant lifts guidance for 2024 but stock price dips
Container ship fleet breaches 30m-teu milestone in double-quick time Flurry of orders since June suggests rapid growth will continue
US says $44.9m judgment against Vafias-linked tanker is paid seven years after warship collision But fight over other claims continues in federal court in New York
Seanergy fires potshot at shareholder George Economou ahead of key investor meeting Existing board under CEO Tsantanis urges shareholders to reject nominees of 'self-dealing rival'
Explosion causes fire on product tanker in Bangladesh Smoke seen billowing from the front of elderly vessel at Patenga on Monday
Modern LNG carrier rates tank on eve of usually busy fourth quarter Are charterers sitting on their hands before moving or will market see a quieter-than-normal winter period?
Vassilis Diamantidis-led Diamond Shipbroking boosts team with former Braemar brokers Yiannis Koroneos and Panos Alexopoulos join expanding Greek shop
Harry Vafias the beneficiary as Petrobras shells out for extra product tanker tonnage Brazilian oil major appears to be paying top dollar for another tanker
Month-long fires on Greek tanker attacked by Houthis in Red Sea finally put out International team of firefighters makes 'promising' progress
VLCC rates of $100,000 per day are in sight after Saudi Arabia switch Number of available large tankers beginning to fall below annual average
Trafigura shields against volatility with $3.2bn refinancing New lenders welcomed as trader seals upsized deal with 38 lenders
Greek owner Almi Marine sells supramax bulker following flurry of newbuilding deliveries Company clears out older ship after arrival of three newbuildings
Month-long blaze on Greek tanker attacked by Houthis in Red Sea finally put out International team of firefighters puts out some of the fires on Delta Tankers' vessel hit by multiple Houthi attacks
Deadly fall disrupts construction of container ship newbuildings at Hanwha Ocean The Ministry of Employment and Labor of Korea has rejected shipyard's appeal to lift work suspension order
Global shipping emissions levy will impact food security and hit developing economies, scientist warns Levy could carry greater cost than alternatives under discussion at IMO, say researchers
Shipping sounds Red Sea alarm as Middle East tensions simmer Houthi attacks highlight the need for full security checks before vessels transit the region
Tanker operation Cornerstone Maritime in liquidation as charter defaults emerge Danish company was set up in 2019 with an ambition to commercially handle tankers and potentially other ships
Shell Marine appoints Houda Dabboussi as its new president Melissa Williams shifts over to head trading & supply arm
Singapore's OM Maritime places its first newbuilding contract with tanker brace Newbuilding duo to feature duplex stainless steel cargo tanks
Greek ports weather Red Sea crisis to post higher first-half profit Diversification helps Piraeus and Thessaloniki terminals offset impact from shrinking container throughput
Ex-Gunvor trader on trial in African tanker cargo bribery case Swiss prosecutors allege that executive paid officials to secure oil in Republic of Congo
Container lines primed for disruption boost with US ports set for biggest strike since 1970s Dockers' union ILA protesting against "wage subjugation"
Old bulkers provide slim pickings as ship recyclers close dismal quarter Activity badly hit by strong rates across shipping sectors and a glut of cheap Chinese steel
Cigrang family's CLdN explains $300m punt on boxship sector with major shipbuilding order Why is a leading European ro-ro operator moving into the container trades?
Seacon Shipping extends product tanker fleet with six newbuildings for new joint venture Chinese company bareboat charters MRs from newly formed GHC Shipping
Zombie VLCC 'reappears' in China three years after being scrapped Unknown tanker appears to have used name and IMO number of 2000-built vessel classed as dead in shipping databases
Insurers cast $50m ports lifeline as global shocks poke holes in balance sheets Covid, attacks on shipping and weather disruption have all diverted ships from ports and hit profits
Top Greek ferry player Attica Group makes new buy amid wider fleet moves After two profitable sales to Stena Line, Athens-listed company snaps up a refurbished ship from local rival
Chinese hunger for big bulk carriers saves 25-year-old NYK capesize from breakers Chinese thirst for tonnage gives vintage bulker a new lease on life
Master jailed and tanker operator fined $2m in oil-waste dumping case Captain will spend eight months in US jail after offence on tanker
Greek offshore newbuilding splurge a 'natural development' as secondhand deals plummet, Fearnleys says Fearnley Offshore Supply says landmark deals by Marinakis and a second Greek player are a reaction to elevated asset values
Seacon Shipping extends MR tanker fleet with six more newbuildings The Chinese company has bareboat chartered the sextet from newly-formed GHC Shipping
Singapore's OM Maritime orders chemical tankers in China Newbuilding duo to feature duplex stainless steel cargo tanks
Gulf Coast ports report container volume surge in August Container flows in August surged in Houston and New Orleans, while global demand for crude oil continued to push exports through Corpus Christi, Texas.
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