Elizabeth Bouchard is new SNAME executive director The Society of Naval Architects and Marine Engineers (SNAME) has appointed Elizabeth Bouchard as its new executive director. She is the 15th person to serve in this capacity since the organization's founding
Vessel approached by Houthi drone boat swarm Yesterday, UKMTO reported an incident, 13 nautical miles southwest of Al Mukh, Yemen, in which the master of a vessel reported being approached by 12 small boats, consisting of a mix of
Maritime Partners acquires e1 Marine LLC Maritime Partners LLC has acquired e1 Marine LLC, whose methanol-to-hydrogen technology plays a key role in the first-of-its-kind M/V Hydrogen One towboat. "This acquisition marks a significant milestone in Maritime Partners' commitment
Canadian polar icebreakers: Delayed and over budget A recent GAO report found that the U.S. Coast Guard's three-ship Polar Security Cutter program is about $2 billion over its original budget and delayed by about five years. The Canadian Coast
RFP out for new Port of LA cruise center Following up on the draft RFP that it issued back in January 2023, the Port of Los Angeles has issued a request for proposals (RFP) for the construction and operation of a
Global schedule reliability reaches record levels for 2024; still lower than 2023 figures Sea-Intelligence has released the Global Liner Performance (GLP) report, which includes schedule reliability data up to May 2024. The report provides detailed insights across 34 trade lanes and over 60 carriers. In May 2024, global schedule reliability saw a month-over-month increase of 3.8 percentage points, reaching 55.8%. This marks the highest reliability figure for 2024, surpassing the previ
Foreship offers energy solutions for CMA CGM Ro-Pax newbuilds Foreship's expertise in enhancing energy efficiency and sustainability will play a pivotal role in optimizing the performance of two new ro-pax ferries upon their deployment for west Mediterranean services linking Marseille and Corsica in 2027. These vessels, set to be delivered to La Méridionale, a subsidiary of CMA CGM, will feature advanced powerplants capable of supporting dual fuel strategie
Three containers detained Hong Kong smuggling crackdown Hong Kong Customs said on 28 June that its officers seized three containers containing smuggled electronic goods and automobile parts with a market value of HK$100 million (US$12.8 million) in an operation codenamed Big Wave. Through intelligence analysis and risk assessment, customs officers discovered that the perpetrators intended to use ocean-going vessels to smuggle goods, and then deployed
Hapag-Lloyd unveils new brand name for its terminal division Effective from 1 July, Hapag-Lloyd's Terminal and Infrastructure division will adopt the new brand name, Hanseatic Global Terminals. Hanseatic Global Terminals is based in Rotterdam and commenced operations in June 2023 as a fully owned but independent stand-alone business unit. According to the statement, the brand name is inspired by the "Hanseatic League", a historic association of seafaring m
Box shipments from Africa, Middle East, India and Pakistan to be collected via Secure Chain in Rotterdam Beginning 1 October 2024, container shipments from Africa, the Middle East, India, and Pakistan must utilize the Secure Chain system at the port of Rotterdam. Major shipping lines will cease issuing PIN codes from this date onward. This ensures that containers from these regions are consistently and securely released using the new protocol. Access to terminals is restricted to authorized hauliers
PIL enhances Korea China Straits Service Pacific International Lines (PIL) has decided to expand its Korea China Straits Service (KCS), adding Qingdao and Incheon ports to the service rotation. Commencing on 4 July from Busan, this service will be jointly operated by PIL and its partners, featuring four vessels with a nominal capacity of about 2,800 TEUs. Surendran Mathilagath, General Manager of Intra-Asia Services at PIL, said, "This
CMA CGM announces PSS updates CMA CGM has announced a Peak Season Surcharge (PSS) effective from 1 July 2024 (loading date) until further notice. Originating from China, Taiwan, Hong Kong, and Macau SAR to Mombasa, Kenya, and Dar es Salaam, Tanzania, this surcharge applies to all types of cargo. The amount is US$300 per TEU. Furthermore, CMA CGM has notified customers of an update regarding the Peak Season Surcharge (PSS) fro
Hapag-Lloyd updates California Central Express service Hapag-Lloyd announced that the California Central America Express (CCE) service, which connects the West Coast of the United States and Mexico with the West Coast of Central America, will have an important update effective 6 July. Specifically, the CCE service will undergo a revised rotation and will no longer call at El Salvador's port of Acajutla. The updated port rotation of the service will b
AD Ports Group and ITC sign MoU to boost global trade facilitation AD Ports Group has signed a memorandum of understanding (MoU) with the International Trade Centre (ITC), a joint agency of the United Nations and the World Trade Organization (WTO). The agreement focusses on enhancing cooperation in trade facilitation, digital trade, logistics, and transport through policy dialogue, digital solutions, capacity building, experience sharing, and technical assistanc
Centurion Bulk takes over Integrity Bulk Singapore's Centurion Bulk has acquired Denmark-based operator Integrity Bulk for an undisclosed sum. Centurion, established in 2013, charters and operates over 80 handysize to ultramax bulkers, while Integrity, incorporated in Denmark in October 2014, lists 12 ships in the handy market on its website. The takeover is expected to be completed in July. It coincides ...
Wilson firms up eight bulker newbuilds in India Norway's Wilson has expanded its newbuilding programme with eight more energy-efficient bulkers in a deal worth about $132m. The mini-bulker giant, controlled by shipowner Kristian Eidesvik and his family, has added 6,300 dwt newbuilds on top of the six 3,800 dwt vessels ordered at India's Cochin Shipyard last June. Cochin said the 100-m-long vessels will ...
L&T wins ONGC contract worth up to $300m Indian engineering conglomerate Larsen & Toubro (L&T) has landed a significant contract with state-owned Oil & Natural Gas Corporation (ONGC) for work on the eighth phase of its pipeline replacement project. The order worth between $120m and $300m involves engineering, procurement, construction, installation and commissioning (EPCIC) of 129-km subsea pipelines and associated modification works ac
Archer diversifies into floating wind with Moreld Ocean Wind acquisition Oslo-listed oilfield services player Archer is diversifying its portfolio with the acquisition of floating offshore wind solutions provider Moreld Ocean Wind (MOW) for an undisclosed sum. The deal with Remold Invest comes with a minority stake in US/French floater developer Ocergy, in which MOW invested together with Chevron Technology Ventures. MOW has since its inception ...
Höegh LNG teams with Deutsche ReGas for floating hydrogen terminal in Germany Norway's Höegh LNG has inked a deal with German terminal operator Deutsche ReGas to develop a hydrogen import terminal in the industrial port of Lubmin on the German Baltic Sea coast. The terminal, planned to be in operation from early 2026, will be the world's first floating import terminal for the industrial-scale conversion of green ...
Eolus applies to build floating wind farm offshore Sweden Swedish renewables developer Eolus has applied to build the 2.2GW Skidbladner offshore wind farm some 20 km north of Gotska Sandön. The wind farm will have up to 147 wind turbines and an estimated electricity production of 11.7 TWh per year, which corresponds to half of today's electricity consumption in Stockholm County or more than ...
Gard bolsters renewables segment in $163m deal for Codan portfolio Norwegian P&I club Gard has sealed a deal to acquire the marine and energy portfolio of Danish insurer Codan as it looks to bolster its footprint in the offshore renewables segment. The deal worth about $163m will see Gard set up a new office in Denmark and welcome around 50 marine and energy insurance specialists. ...
ADNOC L&S orders eight LNG carriers from South Korean shipyards ADNOC Logistics & Services (ADNOC L&S) has awarded construction contracts for at least eight LNG carriers to Samsung Heavy Industries and Hanwha Ocean. The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) said that each of Samsung Heavy Industries and Hanwha Ocean were awarded shipbuilding contracts for the construction of four ...
Houthis up their kamikaze drone boat campaign The Houthis are preparing to deploy more drone boats packed with explosives in their ongoing campaign against merchant shipping in support of Hamas's war with Israel. United Kingdom Maritime Trade Operations (UKMTO) reported an incident where the bulk carrier Summer Lady was approached yesterday morning by 12 small craft in the southern end of the ...
Michael Kum backs MMA Offshore takeover offer Singaporean business magnate Michael Kum has said he would back a takeover of Perth-based OSV operator MMA Offshore. Kum, a well-known offshore vessel and property investor, holds about 7.7% in MMA via his vehicle, Halom Investments. MMA said in a filing Monday that Halom intends to vote in favour of the scheme, which would see ...
Marubeni and Doosan team up to develop offshore wind in Vietnam Japanese conglomerate Marubeni and South Korea's Doosan Enerbility have signed a memorandum of understanding (MoU) to develop offshore wind power in Vietnam. Doosan, which owns an industrial complex in the central province of Quang Ngai, plans to produce monopiles as foundations for offshore wind power turbines as well as other components for offshore wind farms. ...
US to hold Central Atlantic offshore wind lease sale in August The US Department of the Interior has announced that it would hold an offshore wind energy lease sale in the Central Atlantic during the summer. The areas to be auctioned on August 14, 2024, by the Bureau of Ocean Energy Management could generate up to 6.3GW of renewable energy and power up to 2.2m homes. ...
Wellard offloads livestock carrier Australian livestock carrier operator Wellard has struck a deal to sell one of its two ships. The ASX-listed firm is offloading the Ocean Ute to Marshall Islands-registered Bassem Dabbah Shipping for $12m. The vessel, converted from a containership into a livestock carrier in 2010 and purchased by Wellard in 2015, is expected to change hands ...
Arctic heavy fuel oil ban comes into effect today MARPOL Annex I Regulation 43A - the Arctic ban on use and carriage of highly polluting heavy fuel oil (HFO) - became law today, some 13 years after a similar regulation started in the Antarctic. Campaigners have hit out at the many loopholes with the new Arctic rule with the International Council on Clean Transportation ...
Consort Bunkers orders four methanol bunker ships in China Singapore's Consort Bunkers has returned to China for more methanol bunker tankers. The company has signed a contract with COSCO Shipping Heavy Industries (Guangdong) for a series of four 7,999 dwt newbuilds. According to shipbuilding sources, the quartet will be delivered in 2026, adding to six 6,500 dwt methanol bunkering units ordered at China Merchant ...
Shuttered Israeli port seeks financial shield Israel's Eilat port is seeking emergency state funding having been shut for all year, coming under regular attacks in the ongoing war with Hamas. "The port has been non-operational for eight months due to attacks, meaning it has no revenue," Gideon Golber, the port's CEO said yesterday, at a meeting at the country's parliamentary economic ...
Eastern Pacific Shipping in for LR2 at Shanghai Waigaoqiao Idan Ofer's Eastern Pacific Shipping has added one LR2 tanker newbuild to its large orderbook. The Singapore-based owner has contracted for a 114,000 dwt product carrier at Shanghai Waigaoqiao Shipbuilding for delivery in 2026. The deal with an undisclosed value for the scrubber-fitted newbuild adds to a pair of LR2s Shanghai Waigaoqiao is already building ...
Jinhui continues bulker fleet expansion drive with ultramax newbuilds Busy Chinese bulker owner and operator Jinhui Shipping and Transportation has turned to the newbuilding market in its latest fleet expansion move. The Oslo- and Hong Kong-listed outfit has contracted Jiangsu Hantong Ship Heavy Industry for a pair of 63,500 dwt vessels in a deal worth $68m. Delivery of the first newbuild is expected by ...
Cadeler mulls UK domicile move Copenhagen-headquartered offshore wind installation player Cadeler is looking to switch the corporate domicile of its parent company to the UK as structure optimisation presses on after a merger with Eneti. The BW Group and Scorpio-backed shipowner said it has launched a detailed feasibility study, including a review of legal, tax and other considerations, but the ...
Additional tonne-miles in 2024 could smash records Additional tonne-miles in 2024 could smash records, according to new analysis from Clarksons Research. If the Red Sea shipping crisis persists throughout the year - as many analysts are now forecasting - Clarksons estimates shipping will need to handle 3,600bn extra tonne-miles, a tonne-mile growth of 5.8%. That total would compare to a 10-year average ...
US ports hit back at White House move to levy new tariff on Chinese cranes The Biden administration's attempts to build a homegrown crane industry due to cybersecurity concerns drew little interest from the National Association of Waterfront Employers, which sees little threat from Chinese-made cranes.
Maersk, citing 'integration challenges,' says won't pursue DB Schenker acquisition The forwarder's enormous staff count and a lack of investment in logistics infrastructure contributed to the carrier dropping out, a source told the Journal of Commerce.
Ocean shipping faces sobering reality of long-term diversions around southern Africa As the crisis in the Red Sea hits seven months with no end in sight, the container shipping market has reached a point where stakeholders need to seriously consider their plan B in case the current reality persists for several more years, writes Lars Jensen.
Cool C
zarriers muscles into melon trade with new Brazil-Europe contract While Cool is "cash rich," it is under pressure to fill the newbuild capacity it already has as well as what is scheduled to be delivered, writes analyst Richard Bright.
CFO gives notice to leave post at Kistefos-backed Viking Supply Ships Departing Tord Helland to stay in the post until this fall as company hunts successor
Capesize spot rates break through $30,000 per day as third quarter kicks off with a bang Reported fixtures have been few but the rates have been growing, especially in the Atlantic
Kristian Eidesvik's Wilson orders eight extra bulkers at Indian shipyard Deal worth $132m follows order for six units at Cochin Shipyard last year
'Fire safety and seafarer welfare': Old failings remain for ship detentions in Europe despite dip Fire safety and seafarer welfare among issues that prompted detentions by port state control in 2023
Hanwha Ocean appoints new face to head its engineering and offshore arm South Korean shipbuilder grows its international management team
Operator Centurion Bulk buys rival Integrity Bulk to expand in handysize segment Transaction was made to boost Centurion's presence in handysizes, partner told TradeWinds
Term charter strength keeps tanker asset values strong as owners hold on to ships Broker BRS Group says limited supply of secondhand candidates explains disconnect between prices and spot rates
Dynagas LNG Partners to explore 'new opportunities' after slashing debt Company boasts two debt-free vessels as it eyes fleet renewal and trade growth prospects
First Citizen Bank's Evan Cohen tells of missed $1bn deal for NIBC shipping loan book Financier did pick up a consolation prize
Offshore insurance deal a shield against global shocks, says Gard boss Rolf Thore Roppestad Chief executive says $163m deal builds up offshore energy arm of diversified insurer
QatarEnergy dominates in first-half LNG carrier newbuilding haul Big names dive in to firm up slots while others take their time due to high prices and berths dearth
Evangelos Marinakis sells modern crude tanker to cash-rich buyers at eye-catching price, brokers say Azeri state buyers linked to $78.8m deal for their biggest and youngest tanker yet
Trafigura logs first ammonia ship-to-ship transfer as it eyes growing trade Trader said its shipping team is one few to have tested a full range of alternative shipping fuels
BW Group's Cadeler eyes UK domicile shift to boost investor base Wind turbine vessel giant sees move as improving its marketability following Eneti merger
Evangelos Marinakis sells modern crude tanker to cash-rich buyers at eye-catching price Azeri state buyers linked to $78.8m deal for their biggest and youngest tanker yet
MR tanker order surge not enough to prevent fleet 'ageing fast', Gibson says Owners' return to newbuilding contracting not yet shifting the dial on supply and demand, UK broker argues
John Fredriksen-backed SFL Corp inks $1bn container ship newbuilding order Company is said to have penned five dual-fuel 16,000-teu vessels
Bulk $2.5bn LNG carrier buy for Adnoc L&S nudges down newbuilding price Up to 10 ships to be built by two yards as Middle Eastern owner boosts LNG fleet to 22 vessels
Swarm of 'uncrewed' boats shadow cargo ship in Red Sea Houthi hotspot Some kayak-like craft appeared to be uncrewed, UK Maritime Trade Operations said
Gard snaps up offshore insurer Codan in $163m deal Marine insurance industry leader says deal will add 15% to gross written premiums
Tankers a key profit centre in Euronav low-carbon drive, Clarksons Securities says Analysts also see newcastlemax newbuildings as important, with earnings tipped to rise
Apeejay Shipping buys and scraps bulkers in fleet renewal moves Indian shipowner turns to China's Minsheng Financial Leasing for replacement of outgoing 1996-built panamax
Houthi attacks help fire shipping tonne-mile growth to highest level in 14 years, Clarksons Research says Next year could be very different if Red Sea situation changes, according to analyst Trevor Crowe
Sanctions insider sounds early warning of G7 clampdown Outgoing head of key insurance sanctions committee lobbied regulators over 'fundamentally flawed' price cap scheme
Singapore billionaire backs MMA Offshore takeover bid Australian company's largest shareholder looks set to end often fraught relationship with takeover target
The aviation giant setting its sights on 'unifying' shipping's digital silos SITA's SmartSea relies on industry players from different sectors joining to create a common middleware system
Hyundai Mipo bags an order for four MR1 tankers worth $194m Shipyard is scheduled to deliver the quartet by June 2026
Handymax bulker caught in long-running salvage dispute auctioned off as scrap Dispute with salvors broke out when a cargo of fireboard went up in flames
Gen Z, experimental learning and the maritime family: How Singapore is wooing new recruits The Singapore Maritime Foundation is taking big strides in building a talent pool of maritime-ready professionals.
Stena RoRo pens up to four methanol-ready E-Flexer ropaxes for Greek charter The company has ordered the multi-fuel vessels on the back of charter contracts from ferry giant Attica Group
Chevron rises up tanker chartering league on the back of more suezmax fixtures US oil major one of the few major movers in top reported dirty spot charterers so far this year
MOL tipped to scoop FSRU job for Singapore LNG Second regas unit newbuilding of 2024 is incoming at Hanwha Ocean
Dubai-based newcomer SPM Shipping taps the brakes on furious expansion Cash buyer-linked shipowner says acquisitions can wait until hot vessel values cool
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