VIDEO: New Northern Offshore I-Class CTV is world's first vessel with Volvo Penta IPS Professional Platform Copenhagen-headquartered Northern Offshore Services (N-O-S) Group has taken delivery of the next-gen crew transfer vesel M/V Impresser. The vessel, which began operating at a U.K. offshore wind farm yesterday is the first
ZEMBA deal will see Gasum bunker Hapag-Lloyd ships with 20,000 tonnes of bio-LNG Nordic region energy company Gasum Oy is to supply Hapag-Lloyd containerships with liquefied biomethane (bio-LNG) over a two-year tender period. Earlier this year, Hapag-Lloyd won the first tender by the Zero Emission
cargo-partner launches service from Ireland and UK to North America cargo-partner, a subsidiary of NIPPON EXPRESS HOLDINGS, claims that it is now offering the fastest sea freight solution for businesses exporting from Ireland and the United Kingdom to various destinations in North America. This enhanced service provides weekly connections from Ireland to the US and Canada, with easy access to feeder services in the UK via Liverpool. As the fastest available carri
First cargo vessel with wind-assisted propulsion debuts at SMM This year's SMM will mark a milestone as it becomes the first major maritime event to feature a vessel equipped with an advanced Wind Assisted Propulsion System (WAPS). The 2,850 dwt Eems Traveller, a Dutch-flagged general cargo ship owned by Amasus, will dock at Überseebrücke in Hamburg on 3 and 4 September. The ship will showcase its two 17-meter-high eSAILs® (suction sails) from bound4blue, hi
Navigating the Digital Marketplace: How to Use Online Business Directories to Your Advantage In today's world of competition where everything is going digital, an online business can be of great help to your business by increasing its visibility and customer base. However, to harness the full potential of these directories for your business, how can you do it? This guide will only outline the general steps that are involved. Creating Your Business Profile in Online Directories Perhaps, i
Fluent Cargo and DP World partner to transform global supply chain Fluent Cargo has teamed up with DP World CARGOES to offer seamless shipment tracking for customers, addressing the ongoing challenges of global shipment disruptions and delays. Often referred to as the "Google Maps for Freight," Fluent Cargo will provide its user-friendly central tracking platform to DP World CARGOES' carrier network. This collaboration will allow Fluent Cargo's centralized track
NWSA strengthens global ties with new representative in Vietnam The Northwest Seaport Alliance (NWSA) announced the selection of United Base, as its official representative in Vietnam. This strategic partnership is set to bolster NWSA's presence in this critical market, further enhancing trade opportunities between the Pacific Northwest and Vietnam. Vietnam, NWSA's third-largest trading partner, has become an essential part of the Seattle and Tacoma alliance'
CMA CGM-operated ship targeted by Houthis for second time UK Maritime Trade Operations (UKMTO) said in an incident report that on 30 August, around 17:00 UTC, two missiles exploded near the 2002-built 2,500 TEU Groton, 130 nautical miles east of Aden. UKMTO said, "The master reports all crew members are safe and proceeding to the next port of call. Investigations are ongoing. Vessels are advised to transit with caution and report any suspicious activity
Wärtsilä Water & Waste collaborates with DHL to elevate supply chain efficiency Wärtsilä Water & Waste, a division of the Wärtsilä technology group, has announced a new partnership with DHL Supply Chain. Under this agreement, DHL will oversee the warehousing and logistical operations for spare parts, aiming to further enhance the efficiency of Wärtsilä Water & Waste's supply chain and bolster operational capabilities in anticipation of the business's upcoming sale. This coll
COSCO invests in 42 new bulk carriers On 30 August, COSCO SHIPPING Development finalized a major agreement to invest in, construct, and lease 42 bulk carriers. This agreement represents the largest shipbuilding and leasing transaction since the company transitioned into a shipping and finance operator in 2016. Under the terms of the agreement, COSCO-affiliated COSCO Shipping Heavy Industry will be responsible for the building of 20 b
Wan Hai: Newbuildings not aimed at surpassing any peer Wan Hai Lines has countered speculation that its recent newbuilding orders are aimed at breaking into the world's 10 largest liner operators and displacing its Taiwanese compatriot peer Yang Ming Marine Transport. Wan Hai's latest newbuilding orders, comprising eight 8,000 TEU ships at CSBC Corporation and four 8,700 TEU ships at HD Hyundai Samho inked in August, leave less than 100,000 TEUs betw
Hapag-Lloyd announces new GRI in South America German container line Hapag-Lloyd has announced that a new General Rate Increase (GRI) of US$500 per container will take effect on 1 October. The new GRI will apply to all dry and reefer containers from the East Coast of South America (Brazil, Argentina, Uruguay and Paraguay) to the West Coast (Chile, Peru, Bolivia, Ecuador and Buenaventura in Colombia) and will remain in effect until further not
BERG, CMA CGM, Reederei Rambow partner for boxhsip retrofit project A collaboration between Swedish manufacturer of controllable-pitch propellers BERG Propulsion, French ocean carrier CMA CGM, and German ship owner Reederei Rambow has played a crucial role in significantly enhancing the efficiency of an 868 TEU boxship. The 2007-built Henneke Rambow has been revitalized and now ranks among the top performers in its class. As part of an innovative retrofit project
CMA CGM receives new aircraft and launches first Transpacific service On 18 August, CMA CGM Air Cargo received its third Boeing 777-200F, which inaugurated a new transpacific route connecting Asia to North America. The delivery of this new aircraft, operated by Atlas Air, is expected to play an important role in the expansion of the CMA CGM Air Cargo network on a strategic route, serving airports like Hong Kong, Chicago, and Seoul. The first commercial flight took
Gothenburg Port unveils new terminal The Port of Gothenburg announced the inauguration of a new port terminal spanning 144,000 square meters. This facility, named "Arendal 2", represents a significant investment of approximately US$66 million and has been in development for the past six years to support the growing transportation demands of the Swedish industry. "This terminal began planning as early as the 1990s and then we talked
CMA CGM introduces port congestion surcharge in Algeria French ocean carrier CMA CGM has announced a new port congestion surcharge (PCS) to the ports of Alger, Bejaia, Skikda and Oran in Algeria. The Marseille-based box line will apply a surcharge of US$250 per TEU, effective from today, 2 September for all origins, except of US and Latin America countries where the surcharge will take effect on 30 September. If you liked this post, please consider do
Chinese ports exceed 190 million TEUs in 2024 so far Chinese ports handled 190.9 million TEUs from January to July, marking an 8.3% year-on-year increase. In July, Shanghai Port recorded a container throughput of 4.84 million TEUs, reflecting a 15.1% year-on-year growth, while Ningbo Zhoushan Port handled 3.35 million TEUs, up by 5.3% compared to the previous year. The two busiest ports in China have also enjoyed container volumes increases in the
4 Benefits of Lean Supply Chain Management Image by Tiger Lily on Pexels Lean supply chain management aims to cut waste and optimize value creation all through the whole supply chain process. A lean supply chain's primary focus is streamlining operations, lowering costs, enhancing quality, and eventually, improving customer satisfaction. Implementing a lean supply chain comes with numerous rewards. Discussed below are four benefits of lea
Valenciaport sees significant growth in trade with Australia, Baltic States, and Red Sea The Port Authority of Valencia's Statistical Bulletin for June highlights notable growth in trade over the past six months with three key regions: the Red Sea, the Baltic States, and Australia. The shifts in shipping routes due to the ongoing war crisis have driven increased traffic in the Red Sea and Baltic regions. Australia's growth, however, is attributed to strengthened trade relations betwe
How big a problem is the mounting global debt? Pierre Aury assesses the state of the world economy with some startling stats. We saw last month that it was unlikely that the historically high level of unrealised losses sitting in the balance sheets of banks could trigger a 2008 style crisis. Human ingenuity is endless when time comes to cook the books in order ...
SMM readies to open its doors The 31st SMM - the world's largest shipping expo - opens its doors today across 90,000 sq m of exhibition space in Hamburg. With shipyard orderbooks in Asia extending through late into the 2020s, and billion dollar-plus newbuild contracts raining in, the German show is ready to break records this week. SMM convenes at a ...
Eitzen's Christiania Shipping snaps up 13 chemical tankers with Navquim takeover Copenhagen-based chemical tanker owner Christiania Shipping is expanding its fleet with the acquisition of Navquim Holding from France's Sogestran Shipping. The deal will see the Axel Eitzen-controlled company add 13 stainless steel chemical carriers via a share purchase transaction, which is expected to close in October. Navquim built out its fleet on the legacy of ...
Longship stacks orderbook with up to eight newbuilds Netherlands-based shortsea operator Longship Group has ordered a series of four 6,000 dwt vessels, with an option for an additional four ships. The newbuilding project for the so-called Pmax Eco Trader vessels will be a collaboration between GS Projects and Ship and Steelbuilding (SaS) at the Dutch shipyard in Waterhuizen and Groot Ship Design. The ...
DOF CSV gets decommissioning work off Australia Norwegian offshore vessel owner DOF has won a new contract award for subsea decommissioning services in the Asia-Pacific region. The contract award includes project management, engineering, logistics support, and execution of decommissioning activities utilising the 2010-built construction support vessel (CSV) Skandi Hercules. The offshore campaign will be conducted in Western Australian waters a
DP World expands into retail logistics with Cargo Services Far East buy Dubai-based terminal operator DP World has completed the acquisition of Cargo Services Far East, a Hong Kong-based supply chain provider. Cargo Services is involved in origin services, or in other words, moving goods from the factory floor to the customer's door. It employs over 2,500 people in China and across Asia, Europe, South Africa, and ...
Lloyd's Register acquires Ocean Technologies Group British class society Lloyd's Register is acquiring Ocean Technologies Group (OTG), a provider of human capital management and operational software, from European private equity firm Oakley Capital. No price has been revealed for the acquisition. OTG provides critical training, compliance, operational and HR software to over 1,000 shipowners and operators and over 1m seafarers around ...
Russian ships seen obscuring names and IMO numbers while transiting the Bosporus Russian-linked ships are getting crews to crudely obscure vessel identities, contravening laws established by the International Maritime Organization (IMO). Yörük Isik, who describes himself on social media as an obsessive ship spotter along the Bosporus, has tracked "dozens" of vessels where original names - and even IMO numbers - have been painted over. Isik told ...
Salvors assess how best to handle the burning Sounion tanker off Yemen The on fire Sounion suezmax is expected to be towed from its location off Yemen today. Two tugs, Hercules and Gladiator, have been primed to carry out the delicate operation. The tanker was hit by multiple projectiles from the Houthis 12 days ago, with the crew evacuating and the Houthis then boarding the Sounion and ...
Poseidon Principles expands to assess ESG standards in shipping The Poseidon Principles is set to expand beyond its original climate origins to encompass many other environmental, social, and governance (ESG) aspects. The Poseidon Principles Association, known for integrating climate considerations into financial lending and pioneering the assessment and disclosure of climate alignment in ship finance portfolios, has decided to create the Future Principles Co
Giant MSC Marie sets Panama transit record In another sign that operations are getting back to normal at the Panama Canal, the waterway on Friday saw a boxship cargo record broken. The 366 m long, 17,640 teu MSC Marie has become the largest container vessel to transit the canal's neopanamax locks, surpassing the 17,312 teu Ever Max which passed through Panama a ...
Sounion salvage to start today The European Naval Force's Operation Aspides says its vessels will be supporting the operation to tow the tanker, which is...
Canadian shipbuilding body calls for 100% tariff on China-built ships The Canadian Marine Industries and Shipbuilding Association has called for the tariffs to be extended to Chinese shipbuilding, which it...
'Virtual distance' among proposed CII fixes A proposal before the IMO suggests converting port and anchorage fuel consumption into equivalent voyage distance and fuel consumption for...
Gap between Black Sea and Red Sea war risk rates closing The Russian, Ukrainian and Belarusian war risk exclusion justified earlier differential, but comparative loss records have seen reassessment of risk
Feeder containership charter rates under pressure but overall market maintains strength While charter rates and periods for smaller containerships have shown signs of decline the Hamburg and Bremen Shipbrokers' Association notes...
DP World enters retail logistics with acquisition of Hong Kong-based Cargo Services Seafreight CS' retail sector network bolsters DP World's efforts in delivering tailored services across various industries
Cosco Shipping begins construction of Dalian hydrogen-based energy terminal Dalian plans to develop Changxing island into a hydrogen-based power hub in northeast Asia. A second phase will see it offering...
The week in newbuildings: Orders valued at $13bn signed Newbuilding contracts for 123 ships valued at some $14bn were signed in the past two weeks
Cosco reveals scale of ordering spree with $1.8bn bulker shopping list The mammoth 42-ship bulker order may be just a fraction of what could turn out to be a colossal newbuilding...
Houthis hit another crude oil tanker in Red Sea As the vessel Sounion continues to burn in the Red Sea, the Iran-backed rebel group has hit another tanker
Green Tech Report: Deep-pocket shipping elites pump cash into a cleaner future Ahead of the SMM conference in Germany, TradeWinds reporters Craig Eason and Eric Priante Martin explored how an elite group of shipowners and operators are backing cleantech start-ups. Read all the stories below.
Liner sector bags best quarterly profit since Covid with even better to come Previous three-month period saw container shipping net $10bn collectively
Eitzen Group strengthens chemical tanker position with 13-ship M&A deal Norwegian company's Christiania Shipping buys up Navquim Holding, with fleet and offices in the Netherlands and Spain
Moustakas family exits capesize market with sale of bulker bought before financial crisis Successive deals turn Piraeus-based Ocean Freighters into a pure-play kamsarmax and post-panamax owner
TS Lines joins regional owners booking container ship newbuildings Orders for brace of 4,300-teu vessels comes as charter availability has dried up
Cosco Shipping reveals $1.79bn splash for 42 new bulk carriers Spree focuses on midsize ships, bringing group's recent newbuilding spend to $3.84bn
Russia-trading Greek shuttle tanker struck twice in new Red Sea attack Assaults continue amid international efforts to stop environmental disaster from burning Greek tanker Sounion
Vafias family builds product tanker orderbook and banks tidy profit on aframax sale Brave Maritime doubles down on orders as it pockets sale-and-purchase profit
Drunk Ukrainian container ship captain facing fine after pilot reported him to police Master was trying to dock WEC-operated ship in Gran Canaria
Frontline has lost 'all faith in enforcing sanctions', says boss Lars Barstad Norwegian tanker company boss speaks out over growing number of elderly ships trading to Russia and Iran
MOL and Ultranav back start-up using behavioural science to cut shipping emissions UK software company Signol raised £2.5m in latest funding round
TS Lines joins regional owners inking newbuilding orders for container ships Orders for brace of 4,300-teu vessels comes at time charter availability has dried up
Natalie Jackson jumps ship from HFW to join WFW Athens shipping team Experienced dispute resolution lawyer has become a partner at the UK-headquartered law firm
Greek owner Athanassios Kossidas scores fat profit on product tanker asset play Aerio Shipmanagement raising funds to acquire a younger ship from Greek peer
Brace yourself for an underwhelming end to the year, MSI tells capesize owners The usually strong end of the year for large bulkers could take a hit
The only way is up: Gibsons surveys product tanker market as rates hit new low for the year Shipbroker examines what is in store for owners next year
New Western Bulk CEO targets big changes on his first day in the chair Torbjorn Gjervik has risen from trainee and is now seeking to give the company more legs to stand on
VLCC rates could top $80,000 next year with over 40 extra tankers needed, Clarksons says Analysts believe increased western crude production will be a shot in the arm for struggling sector
Singapore's Kim Heng buys out private equity partner in OSV shipowning venture Thomas Tan-led offshore player takes full control of seven-ship Bridgewater fleet
Angelicoussis sells capesize bulker as asset values find new heights Sale of 18-year-old vessel to Chinese interests comes as key sale-and-purchase indicator reaches highest level since 2010
Hapag-Lloyd awards bio-LNG contract in stepping stone to net zero Energy company will supply liner operator under Zero Emission Maritime Buyers Alliance tender
Clarksons launches new S&P desk in Middle East with company veteran at helm Region seen as vital to world's biggest broker
Clarksons' Tim Barraclough to head up new Dubai sale and purchase desk Region seen as vital to world's biggest broker
Tankers set for boost as Opec+ members mull more pumping Unidentified sources suggest that oil producer cartel will start unwinding some of its cuts
Cosco Shipping reveals $1.69bn splash for 42 new bulk carriers Spree focuses on mid-size bulkers bringing the Cosco group's recent newbuilding spend to around $3.84bn
Fleet deal with oil and gas tycoon takes Icon Offshore into bulker ownership Malaysian owner strikes series of transactions with Lim Han Weng's private companies
Shuttle tanker struck twice in new Red Sea attack as Houthis shun military deterrents Attacks continue amid international efforts to stop environmental disaster from burning Greek tanker
Icon Offshore moves into bulkers as it doubles fleet in $91m deal with tycoon Lim Han Weng Malaysian owner strikes series of transactions with tycoon's private companies
Ship struck twice in new Red Sea attack as Houthis shun military deterrents Attacks continue amid international efforts to stop environmental disaster from burning Greek tanker
SITC eyes newbuildings and 'chartering in large quantities' as Red Sea crisis fires market Quartet of small boxships will cost more than $100m
Stena boosted by LNG fleet sale and strong tanker market Swedish group pushes up earnings in second quarter
Tor Olav Troim's Golar LNG hires four banks for a fresh run at the bond market Company will use funds for capital expenditure, refinancing of debt and general corporate purposes
Lloyd's Register swoops for Ocean Technologies Group from Oakley Capital Merger planned with OneOcean digital service
Over half global orderbook now alternative fuel capable, Clarksons says Brokerage's research arm contrasts its stats over time on eve of Germany's huge SMM meet
Kumiai Navigation scores 'sale of the week' with deal for newcastlemax in rising S&P market Singapore shipowner offloads second-oldest ship amid active time for secondhand bulker deals
Adani splashes out $185m for majority stake in Astro Offshore $180m transaction is part of Indian conglomerate's plan to expand its footprint in the maritime services sector.
Think tanks weigh in on Houthi menace: Current military strategies won't stop attacks Even a ceasefire in Gaza may not end Houthi attacks on shipping, although not all agree
'We had tears in our eyes': BHP shipping chief Rashpal Bhatti opens up on his time at the top Dry bulk power player is climbing the mining giant's corporate ladder with a new role in Australia
Golar LNG commercial manager departs for Fearnleys role Erik Nikolai Stavseth becomes shipbroker's director of LNG infrastructure & projects
Portland Terminal 6 aid "urgently" needed: Report A new plan calls for public-private investment in the Port of Portland's money-losing Terminal 6, the state's only international container facility.
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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