Houthis fire missiles at another ship managed by Oceonix Services Middle East news reports today quoted the Houthis as saying they had targeted the "American merchant ship Koi ... with several appropriate naval missiles." The Equasis data base shows that the Liberian-flagged
And that "happiness" survey shows: Seafarers not so happy With a serious seafarer shortage looming worldwide, it's not good news for recruitment that the latest Seafarers Happiness Index, published this week by the Mission to Seafarers, shows, for the fourth successive
New North Star SOV will go to work on EnBW's He Dreiht wind farm The U.K.'s largest operator of offshore wind service operation vessels (SOVs), Aberdeen-headquartered North Star, has won its first order outside of the U.K. It has secured a contract with energy utility giant
TTB 2024: America's first hybrid electric towboat While innovations in tugboat design to make them greener and more powerful have made headlines more so than inland towboats, some towboat operators aren't too far behind. Taylor Dickerson, who is vice
L-ion cargo fire ship Genius Star XI docks in Dutch Harbor Genius Star XI, the ship carrying lithium-ion batteries that reported a cargo hold fire December 28, has now docked in Dutch Harbor, Alaska. The Unified Command overseeing the response to the incident
Op-Ed: Pioneering green corridors for a sustainable maritime future By Chris Thorne, Director of Strategy and Operations, UMAS In the wake of the International Maritime Organization's (IMO) updated strategy to achieve net-zero greenhouse gas emissions from global shipping by 2050, key
Red Sea crisis impact on box rates more rapid than Covid-19: Xeneta analysis The Red Sea crisis has seen ocean freight rates increase faster than in the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honoured. Xeneta, an ocean freight rate benchmarking and intelligence platform, has released data that reveals shipping costs on key trades from the Far East to Europe spiked more than 200% in the first 52 days of the
Angel sinking: Arrest warrants out for captain and ship manager The Taiwan Kaohsiung District Prosecutors office today (1 February) issued arrest warrants for the Turkish captain of the Palau-flagged boxship Angel, which sank off Kaohsiung port in July 2023, sending 600 containers drifting into the surrounding waters. The CEO of the management company of Angel, identified as Zamig, an Azerbaijani national, is also wanted. The prosecutors said evidence suggest
Global bunker indices surge After the 05th week's outcomes, there was a noticeable uptick in the MABUX global bunker indices. The 380 HSFO index experienced a gain of US$13.81, climbing from US$502.49/MT the previous week to a solid US$516.30/MT, surpassing the US$500 threshold. Simultaneously, the VLSFO index saw an increase of US$23.51, reaching US$675.00/MT compared to last week's US$651.49/MT. The MGO index also demonst
Yang Ming to launch upgraded PAS service Yang Ming is set to enhance the PAS service in March, introducing an upgraded PAN-ASIA SERVICE that now includes Ho Chi Minh City, Vietnam. This collaborative initiative involves T.S. Lines, and Interasia Lines (IAL), aiming to strengthen the Southeast Asian market by providing swift and high-quality transport services. Also, the enhanced PAS service operates on a fixed weekly sailing schedule wi
Hapag Lloyd updates Europe East Coast Express (ECX) service Hapag-Lloyd has revealed changes to its Europe East Coast Express (ECX). Starting March 2024, there will be a modification in the port coverage along the South America East Coast during the southbound voyages. In this adjustment, Itapoa port will replace the port of Navegantes in Brazil. Here is an overview of the revised service rotation: Rotterdam, Netherlands -> London, Great Britain -> Hambur
Port of Rotterdam Authority appoints new CEO Effective 1 February 2024, Boudewijn Siemons assumes the role of CEO at the Port of Rotterdam Authority, succeeding Allard Castelein, who left the Port Authority last summer. Following Castelein's departure, Siemons has been fulfilling the role of CEO on an interim basis while concurrently holding the position of COO. The current executive board of the Port Authority comprises Boudewijn Siemons a
CMA CGM applies new peak season surcharges worldwide Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) from North Europe, the Baltic, Scandinavia and Poland to Asia (including South East Asia, North East Asia, China, Hong Kong & Macau SAR), Middle East, Red Sea, India subcontinent, East Med and North Africa (Morocco included). The new surcharge will be effective from 15 February 2024 (date of loading) un
Georgia Ports near 5 million TEUs in 2023 Georgia Ports Authority (GPA) reported a 4% decrease in its December box volumes handling 422,300 TEUs and a 16% decline in its 2023 container throughput with 4.9 million TEUs. Higher inflation rates and interest rates affecting consumer spending and resulting in elevated inventories in warehouses were the main reasons for this container decline, according to the port authority. Meanwhile, GPA's
Cargotec reports strong financial results Cargotec's financial results for 2023 indicate a remarkable year marked by significant increases in both sales and profitability. In the fourth quarter, orders received showed improvement compared to the third quarter, reaching a total of US$1.6 million. The annual sales witnessed a 12% increase, reaching US$4.9 million while the comparable operating profit surged by an impressive 62% to US$553 m
Siem Offshore scores vessel contract with PXGEO Norwegian offshore vessel operator Siem Offshore has struck a deal with marine seismic player PXGEO for the offshore subsea construction vessel (OSCV) . The Oslo-listed company has fixed the 2014-built vessel for one year to support PXGEO's worldwide operations. The contract starts mid-February after the completion of the vessel's class renewal and comes with a ...
Seacor sells Caribbean liner business US owner Seacor Holdings, a portfolio company of American Industrial Partners, has sold its Caribbean liner and logistics business, Seacor Island Lines, to Florida-based shipping player King Ocean Services. The deal will see the Da Costa Gomez family-owned King Ocean, which delivers to close to 50 destinations across the Caribbean and South and Central America ...
ICS proposes subsidy system for green fuel use to reach net zero targets The International Chamber of Shipping (ICS) has submitted a proposal to shipping's global regulator, the UN International Maritime Organization (IMO), for a zero-emission shipping fund (ZESF). To move forward with workable solutions to meet net zero targets, shipowners globally have agreed to mandatory contributions on ships' GHG emissions to raise billions of dollars annually. This ...
Diana Shipping fixes out newcastlemax to NYK New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japanese shipowner Nippon Yusen Kaisha (NYK) for one of its vessels. NYK chartered the 2012-built, 206,040 dwt newcastlemax bulker for a gross charter rate of $22,500, minus a 5% commission paid to third parties, for a period until a minimum ...
Dorian LPG confirms VLAC order New York-listed VLGC owner Dorian LPG has confirmed its place among many big names jumping on the heated bandwagon for very large ammonia carriers. The John Hadjipateras-led company said in its latest quarterly earnings report it had contracted one VLGC/ammonia vessel for delivery in the third quarter of 2026, with the first installment of $23.8m ...
Boudewijn Siemons becomes permanent CEO of Rotterdam port Boudewijn Siemons has been appointed as the permanent chief executive officer (CEO) of the Port of Rotterdam Authority after being in the role on an interim basis from July 2023. He succeeds Allard Castelein, who left the Port Authority in July 2023 to join the board of Dutch FPSO giant SBM Offshore. Since then, Siemons ...
Longship orders newbuilding pair from Dutch shipbuilder Dutch shortsea operator Longship has entered into a joint newbuilding project for two freighters. In a further step towards renewal and optimisation of its fleet, Longship entered into a joint newbuilding project with Norwegian broker Wagle Chartering for two GS Eco-Freighters set to be built by the GS Yard in Waterhuizen. No price has been ...
North Star wins decade-long newbuild SOV charter with EnBW UK offshore support vessel owner and operator North Star has secured a long-term charter with energy utility giant EnBW for one of its newbuild hybrid-electric service operations vessels (SOV). The decade-long minimum charter will see the vessel service the He Dreiht wind farm off the coast of Germany. He Dreiht is currently one of Europe's ...
Google inks its largest offshore wind power deal Google has penned its biggest deal yet to purchase offshore wind power for its data centers in Europe. The tech giant has signed up to offtake 478 MW of two wind farms off the coast of the Netherlands developed by Crosswind and Ecowende - joint ventures between supermajor Shell and Dutch utility Eneco. CrossWind's 759 ...
European partnership converting bulker to climate-neutral fuels and green power A new project will see companies and researchers from Europe develop and convert a bulk carrier to sail on climate-neutral fuels and green power. The GAMMA project, which began in January 2024 backed by €17m ($18.3m) in funding, will use 60,000 dwt of cargo and a bulk carrier from the Topic fleet as a case ...
Eni wraps up $4.9bn Neptune Energy acquisition Italian energy major Eni has bought Neptune Energy for around $4.9bn in what is dubbed the largest cash deal in the European oil and gas sector in the past ten years. Currently, Neptune produces oil and gas from fields in eight countries with the most prominent being the UK, Norway, Germany, Algeria, the Netherlands, and ...
CMA CGM crews seek dialogue on Red Sea transit policy Crew working for the global liner company which has stuck the most steadfastly to Red Sea transits are remonstrating with top management. In an email seen by Splash sent to top management, a number of staff working onboard CMA CGM ships have sought to "constructively address significant concerns" regarding the company's current safety policies and ...
Repsol exercises two-month option for Golden Energy Offshore's PSV Norway's Golden Energy Offshore Services AS (GEOS) has won another contract extension for the 2005-built platform supply vessel from Repsol Norge. The contract extension is in direct continuation of the current charter, which started in 2021 for a firm period of one year plus a total of one year of options. Repsol Norge and GEOS ...
Technip Energies scores FEED contract for Viking carbon storage project French-based engineering and technology company Technip Energies has been awarded a front-end engineering design (FEED) contract for the Viking CO2 transportation and storage network. The contract for the project, developed by Harbour Energy and BP, entails the design of the CO2 transportation system. According to BP, the project has been under development for three years ...
Results published from shipping's first-ever full cradle-to-grave lifecycle assessment Results have been published of shipping's first-ever full cradle-to-grave lifecycle assessment of a vessel from the raw materials dug from a mine needed to manufacture a hull block to the welder's torch at its life-end. The six-month study, conducted by Lloyd's Register, Knutsen, HD Korea Shipbuilding and Offshore Engineering and HD Hyundai Heavy Industries, measured ...
Controversial livestock carrier gets to port with no unloading taking place Livestock carrier , with over 16,000 animals onboard, has finally berthed at Fremantle port after being stuck off the coast of Perth for several days. The 2010-built, 7,900 dwt livestock carrier with around 14,000 sheep and 2,500 cattle, registered to Israeli-based Bassem Dabbah Shipping, had been on the water since January 5 when it left ...
French unveil large hydrogen carrier design A French quartet with huge gas expertise have unveiled a preliminary design of a 150,000 cu m liquefied hydrogen carrier. Unveiled at the Hyvolution Summit 2024 trade show in Paris, gas containment system specialist GTT, along with TotalEnergies, naval architect LMG Marin and Bureau Veritas have provided details of a joint development project, which resulted ...
Dayang wins more work with EnQuest Malaysia's Dayang Enterprise has secured a contract extension from Enquest for the provision of maintenance, construction, and modification services at PM8E Seligi oilfields, offshore Malaysia. The value of the contract extension is based on work orders issued by Enquest, Dayang said in a Bursa Malaysia filing. The initial contract became effective in May 2022 and ...
Live Animal Export: Voyage to nowhere, with only deepening excrement to dine, rest and sleep in The plight of more than 16,000 animals stuck on a boiling-hot livestock carrier for the past month has made headlines around the world. Dr Lynn Simpson, a well-known former live export veterinarian, writes for Splash on the tragic, aborted voyage of the Bahijah, pictured today off Fremantle. With the world turning to faeces around us, ...
Chawla celebrates maritime learning tech endorsement Maritime e-learning company MarinePALS has become the first maritime training provider to gain an innovation endorsement certificate from ClassNK, an award that is reserved for companies who offer innovations and initiatives in the field of concepts and services backed up by adequate and accountable standards for emerging tech. The company's Digital Learning Management System enables ...
Swire folds Westwood brand Westwood Shipping Lines, a niche vessel operator specialising in the trade between the Pacific Northwest and Northeast Asia, has changed its name to Swire Shipping. Swire Shipping acquired Westwood in June 2022. The move will unify Swire Shipping's services in Japan, North America, South Korea, and China. Seven vessels from the Swire Shipping owned fleet ...
Fake flags, rogue registries and dark fleet spark calls for crackdown on ship oversight The lack of a genuine link between ships and the flag they fly has long been a subject of debate...
Euronav results 'as expected' as company embarks on transformation period A solution to the Frontline merger deadlock was the highlight of the Euronav's fourth quarter as the company begins a...
Containership values rise on charter market improvements and demand for Red Sea traders A strengthening time charter market because of the Red Sea crisis, Panama Canal limitations and the need for drydock coverage...
Renewal round stable so far, Gard chief executive confirms 'I think it will be a less eventful renewal than the last three. I would expect most clubs to produce...
Shipping in uphill battle to attract seafarers, says IMO secretary-general Shipping is facing an uphill battle to attract new talent during its net zero transition. Recent developments in the Red...
DSV: Customers finding ways to cope with Red Sea disruption It is still early days in the Red Sea crisis and the jury is out. For the logistics operator, this...
Yara International divests non-core marine technology arm Oslo-headquartered green marine technology business has been sold to Geneva-based Okapi Supply Trading Advisory, a division of oil trader Okapi...
Dorian confirms first VLAC order as profits jump US-listed company contracts newbuilding in the belief of good prospects for the VLGC market and the potential for transporting ammonia...
Westwood Shipping rebrands as Swire Shipping Swire Shipping to close the Westwood brand as it further integrates the company. This will boost transpacific and Japan services
Former Ince Greek office empties as partners lead exodus to WFW and HFW Hirings signal demise of legacy former Ince-related entity in Athens
Wärtsilä chief says methane slip risk in LNG engines under control Concerns around methane emissions from dual-fuel LNG engines played down after recent study highlighted higher than assumed emission levels
ICS, Bahamas and Liberia propose IMO zero-emissions fund IMO member states agreed to adopt a greenhouse gas pricing mechanism as its mid-term economic measure in 2025, as the...
CMA CGM denies Houthi missile strike on containership Koi The Houthis claim to have hit another vessel commercially managed by Oceonix services, the 8,586 teu boxship Koi. The Houthis'...
Daily Briefing Somali pirate attacks add to Red Sea confusion | Sea Legend emerges from opaque empire dabbling in growing Sino-Russia trade...
US container import flows in 2024 likely to reflect major sourcing trends US retailers and others will reduce their exposure to China as they can, chasing cheaper labor while also hedging the risk associated with relying on one origin for key goods and items.
Roadrunner adds 135 LTL lanes, moves into Canada in major expansion Building on recent market openings, the point-to-point, long-haul LTL carrier is launching its largest growth push since a 2021 restructuring.
India-US cargo flows hit by vessel space crunch amid ongoing Red Sea crisis Ocean carriers are not able to honor roughly 25% of their planned loads on available US East Coast weekly sailings out of Nhava Sheva and Mundra ports, local sources say.
Red Sea attacks to muddle container shipping through Q2: ONE's Nixon Longer voyages around southern Africa have created an instant tonnage shortage and will make it difficult for carriers to maintain weekly sailing schedules, says Jeremy Nixon.
Gemini alliance a sign of wider changes within container shipping industry Maersk and Hapag-Lloyd's public commitment to 90% schedule reliability is a direct acknowledgment of the heightened risk and uncertainty associated with modern supply chain operations, writes Peter Tirschwell.
Houthis fire missiles at JP Morgan-linked ship operated by CMA CGM Container ship undamaged after attack with two ballistic missiles
Stolt-Nielsen sitting pretty as customers figure out Red Sea response World's largest chemical tanker owner lowers spot exposure in strong quarter
Dorian LPG reveals strong forward bookings, but there's a catch Connecticut shipowner has captured solid rates but could see those weaken
'It's a mess': Traders hit out at new European rules set to cause a headache for shipowners BRS and Vertis traders speak out against initiative demanding shipping firms open up CO2 accounts
China issues 'warning over Ukraine's war sponsor list' Chinese energy giants are on the list of companies linked to business dealings with Russia
Big ship bump: Royal Caribbean scores earnings beat with 'record start' to 2024 Cruise giant's 2024 guidance exceeds Wall Street's expectations
Norway's largest bank DNB sees shipping loans shrink 7% Norwegian lender's shipping loans fall to $3.2bn
Is playing with 'other people's money' losing its allure for shipowners? This week's Streetwise examines an increasing trend towards going private and how it surfaced again this week
Saverys clan shifts cash-rich Euronav from 80% dividend to 'discretionary' payout CFO Ludovic Saverys points to family's record of rewarding shareholders
BW LPG executive joins expanding UK shipowner Purus Marine Purus has been on a hiring spree in recent months, with several senior appointments named
Blake Blackwell jumps ship from ExxonMobil to Energos Infrastructure Well-known face rocks up at emerging new regasification player after second stint with US major
Ince break-up continues as WFW snaps up 13 shipping dispute lawyers in Greece UK firm follows rival HFW in offering new home to maritime experts
War dangers leave industry struggling to recruit 'innocent victim' seafarers Red Sea attacks have highlighted the vulnerability of seafarers carrying out their work
Crowley seafarer sues US government over alleged rape by ship steward Ship manager's lawyers argue seafarer can only recover damages from the US
NRP shipping fund paid out $55m in dividends last year Shipowner Premium Maritime Fund returned 9.1% in 2023
Dorian LPG enters new territory with debut VLAC newbuilding order US-based owner also adds $100m of financial firepower through new loan
Charter rates for modern LNG carriers sink amid gloomy 2024 outlook But early signs could be emerging that a floor has been reached as fresh enquiry filters out
Carbon capture: Wartsila's Tamara de Gruyter explains why 70% is enough for now Onboard system will give shipowners compliance, but there is potential for more
Tanker dip lowers profit at Great Eastern despite VLGC strength Indian owner suffers a substantial drop in daily rates for crude and product ships towards the end of 2023
Fight for limited modern tonnage looms for shipowners, says 'bullish' SSY broker Toby English Shipbroker says demand for secondhand tankers and bulkers is still strong
Full-size liquefied hydrogen carrier hits milestone design marks Joint development project nets two key approvals in principle
US blacklists shipping company linked to Myanmar military regime Sanctions notice marks the third anniversary since military takeover
Norway's largest bank DNB sees shipping loan book shrink 9% Norwegian lender's total shipping loans fall to $3.2bn
Yara offloads marine tech business to Okapi Energy Group Yara Marine Technologies sold for an undisclosed sum to Africa and Geneva-based oil and gas firm
Euronav confirms VLCC order and sale of world's second-biggest tanker Belgian owner has been busy with fleet renewal so far in the first quarter
Cash-rich shipowners shun capital markets as public raises sink to decade low Clarksons Securities' Erik Helberg breaks down the state of play in global capital markets for shipping and offshore
Shipowners hail 'pragmatic' levy scheme for green fuel incentives International Chamber of Shipping promotes programme that subsidises owners for taking the plunge into new fuels
Greek shipowner W Marine inks first newbuilding order in 20 years Athens-based firm takes the next step in its expansion and fleet-renewal strategy, booking a pair of kamsarmaxes
Stolt-Nielsen's tankers boosted by 'effective closure' of Suez and Panama canals Boss Udo Lange upbeat on chemical carrier earnings in 'robust' markets
Euronav begins 'new chapter' with $323m profit from VLCC sales as rates rise Saverys company reveals gain from huge Frontline tanker sale
Chinese bulker owners feed tonnage to Bangladeshi ship recyclers As three bulkers head for Chattogram, Indian and Pakistani ship recyclers have held off from buying tonnage
Pacific Radiance rights issue receives mixed response from investors Fundraiser falls short of being fully subscribed despite upbeat markets and steep share price discount
HFW expands in Greece with 11-strong Ince ship finance team Law firm adds two partners plus other lawyers in Piraeus
FedEx fleet restructure poses threat to freighter operators FedEx has more cargo jets than it needs for its express package network. Some of those planes will now be used to try and capture a larger share of the general cargo market. In doing so, FedEx will go head to head with all-cargo carriers like Atlas Air, Cathay Pacific and Nippon Cargo Airlines.
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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