ILA: "this is what it will take to bring us back to the table" As the strike by the International Longshoremen's Association (ILA) that has closed U.S. East and Gulf Coast ports continued into its second time, there seemed to be no signs of a breakthrough
New tug: Enter the KST Dragon Robert Allan Ltd. reports that the KST Dragon, a RAmparts 2500-CL ship handling and escort tug, arrived in her home port of Singapore last month and will soon commence operations for KST
Navy takes delivery of future USS Beloit (LCS 29) The U.S. Navy accepted delivery of the future USS Beloit (LCS 29) from Lockheed Martin at the Fincantieri Marinette Marine shipyard in Marinette, Wis., Sept. 30. Beloit is the 15th Freedom-variant Littoral
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New cranes to increase Salalah Port capacity to 6 million TEUs by year-end Oman's Port of Salalah has received new hybrid cranes aiming to improve cargo handling efficiency. The four new hybrid Rubber Tyred Gantry (RTG) cranes, part of a multi-million dollar investment, join 24 other cranes at the Port of Salalah, including fully electric Ship to Shore assets. Port of Salalah is expected to receive another eight hybrid RTG cranes. The new assets employ a regenerative en
Kalmar enhances Grimaldi's RoRo operations with heavy terminal tractors Kalmar has finalized an agreement to provide Grimaldi Group, an Italian maritime logistics operator, with three heavy terminal tractors. These machines will be utilized on the new Motorway of the Sea, a Ro-Ro transport system linking the ports of Trieste in Italy, and Ambarli in Turkey. The order was recorded in Kalmar's Q3 2024 order intake, with the machines expected to be delivered within the
Market Analysis: Big Four near 60% of global container capacity The four largest container shipping companies collectively control 57.5% of global container capacity, with over 17.5 million TEUs. In fact, their dominance is so significant that these four carriers - directly or indirectly - shape the container shipping landscape, wielding the ability to heavily influence supply on key routes, container freight rates, and the broader shipping industry. This con
Kalmar cuts two members from Leadership Team Kalmar continues to proceed with the execution of its strategy, launched in May 2024, and plans to review its current operating model. The composition of the Kalmar Leadership Team will also change in conjunction. In particular, François Guetat, SVP of Integrated Supply Chain and Marika Väkiparta, SVP of Transformation are no longer be part of the leadership team, effective from 1 October 2024. T
Maersk nears 'Equal At Sea' 2027 Goal in India A.P. Moller-Maersk has announced a major milestone in its 'Equal At Sea' initiative in India. In 2024, women now make up 45% of the Nautical and Engineering cadets onboarded, bringing the company closer to its goal of equal gender representation among cadet intakes by 2027. Launched in 2022, the 'Equal At Sea' initiative is now in its third year and has seen impressive success in India. The progr
Logistical consequences of strikes in American ports: Expert commentary The strike, which began on 1 October, affected 36 American ports on the East Coast and in the Gulf of Mexico, stretching from Maine to Texas. This protest will undoubtedly impact global supply chains. These terminals play a significant role in international trade, serving as key hubs for the transportation of goods to and from Asia, Oceania, and Europe, including trade with Poland. States like Te
DP World expands Marine Services fleet with two new boxships DP World has expanded its Marine Services fleet with the addition of two newly built vessels, Navios Utmost and Navios Unite. These vessels were officially named during a ceremony at the Changhong shipyard in Zhoushan, China. "Investing in these state-of-the-art vessels underlines DP World's unwavering commitment to driving sustainability and operational efficiency across the global maritime sect
Transhipment flow at India's Vizhinjam Port rockets ahead of official terminal opening The Adani Group seems poised to replay its tested business magic at Vizhinjam Port, a project designed to realise India's long-time container hub activity ambitions. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Jenny Daniel Global Correspondent Contact email: j.daniel@container-news.com If you liked this post, please consider donating The post appeared f
Wilhelmsen Ship Management announces CEO transition Wilhelmsen Ship Management has announced the retirement of Carl Schou, who steps down after 19 years with the company, including 16 years as CEO. Throughout his leadership, Schou successfully guided the company through industry challenges, driving a culture of safety, innovation, and growth. Effective 1 January 2025, Haakon Lenz, the current Chief Operating Officer, will take over as CEO. During
Biden tells USMX to settle US East Coast dispute President Biden has urged port employers on the US East Coast to offer dockers a fair wage as the country braces for a damaging strike, while the union and employers trade accusations of failing to negotiate. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Correspondent at Large If you liked this post, please consider donating The post appea
Red Sea crisis could lead to overcapacity in Egyptian ports With many container terminals opening in Egypt in recent years, there could be overcapacity if the Red Sea crisis continues and mainline operators shy away from the Suez Canal, according to Alphaliner's report. In 2023, Egyptian container ports processed around 8.37 million TEUs, of which 88% passed through Alexandria, El Dekheila, Damietta and Port Said. Last year's volumes were, however, largel
PIL unveils sustainability report for 2023 Pacific International Lines (PIL) published the Environmental, Social, and Governance (ESG) report for 2023 , underscoring a robust commitment to pioneering greener shipping solutions, enhancing community engagement, and fortifying governance and ethical standards. Amid the global push towards decarbonization, PIL has anchored its environmental efforts in the International Maritime Organization's
Marsh, Tokio Marine Kiln introduce market-first trade disruption facility for ports and terminals Marsh and Tokio Marine Kiln (TMK) have unveiled a groundbreaking insurance facility for ports and terminals, offering coverage for business interruption caused by trade disruptions. This exclusive product, developed by Marsh's Marine Cargo & Logistics team in collaboration with Tokio Marine Kiln and led by Ed Parker, TMK's Head of Special Risks, is available globally to Marsh clients. The standal
Intermodal Transportation Solutions: Revolutionizing the Way Goods Move In an increasingly globalized world, the need for efficient, cost-effective, and sustainable transportation has never been greater. As businesses strive to optimize their supply chains, intermodal transportation solutions have emerged as a key strategy for moving goods seamlessly across various modes of transport. This method leverages the strengths of different transportation modes-such as rail,
CMA CGM applies overweight surcharge from India, Sri Lanka, Middle East Gulf and Djibouti to Europe French ocean carrier CMA CGM has notified its customers of an an Overweight Surcharge (OWS), effective from 1 October 2024 (based on the gate-in date) until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, the Middle East Gulf, and Djibouti, destined for North Europe (including Scandinavia, Poland, and the Baltic), East and West Mediterranean, Adriatic, Bla
PSA Belgium accelerates shore power installation at Europe Terminal PSA Belgium announced that its Europa Terminal at the port of Antwerp-Bruges will have an advanced shore power installation by 2026. With a capacity of 7.5 megawatts, up to 100 container ships will be able to switch to green power each year, resulting in a CO2 reduction of more than 10,300 tons, which is equivalent to the annual emissions of about 625 average households in Europe. "This €10 milli
Container spot rates experience steepest decline in non-Covid year "The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009," stated Niels Rasmussen, Chief Shipping Analyst at BIMCO. The only third quarter to see a bigger decline in spot rates was in 2022 when a
Shippers to Shift to West Coast and Air Freight Solutions Amid Ongoing ILA Strike The long-anticipated ILA port worker union strike across US East Coast and Gulf ports began Monday night at 12:01 am after the ILA and USMX failed to come to an agreement before the deadline. In the last few days, the White House and other government officials had been urging both sides to return to the negotiating table, with USMX leadership reportedly meeting with the Biden administration late
Impact of Geopolitical Tensions in South China Sea on Major Container Lines and Regional Ports As South China Sea remains a key global region for maritime trade, Container News decided to analyze and synthesize the available information and give insights about how increasing geopolitical tensions in the South China Sea affect global shipping companies and the operational dynamics of major regional ports, which serve as crucial subsystems in the global trade network. The analysis took into
Hapag-Lloyd updates Emergency Space Contigency Surcharge from North Europe to West Africa German ocean carrier Hapag-Lloyd has announced an update on the Emergency Space Contingency Surcharge (ESC) for all container types implemented from 1 August. Effective from 1 November, the updated ESC will be €350 per container from North Europe (Germany, Netherlands, United Kingdom, Belgium, France, Poland, Denmark, Sweden, Ireland, Norway, Finland, Lithuania, Czech Republic, Hungary, Latvia, A
New safety standards to handle rising EV shipments VIRSEC, who have developed the course Lithium-Ion Battery Safety on Ships for Seafarers in partnership with Mariner House, provide advice to avert more accidents related to electric vehicle transportation. Imagine a cargo ship carrying hundreds of electric vehicles suddenly engulfed in flames due to a single battery malfunction. As the flames spread, the crew faces ...
Carl Schou steps down from Wilhelmsen Ship Management Wilhelmsen Ship Management today announced the retirement of Carl Schou after 19 years of service, including 16 years as CEO. Haakon Lenz, currently serving as COO, will assume the role of CEO on January 1. Lenz started his career in DNV and has a background as a naval architect before moving into shipmanagement for V.Ships ...
Petrobras expands into South Africa Brazilian state-owned oil and gas major Petrobras has moved to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa. The DWOB block is located in deep waters in the Orange Basin, where there have recently been significant discoveries by TotalEnergies, Shell and Galp. "The purpose of the ...
Presidential election obscures port resolution on US east coast Day two of the dockworker strike across America's eastern seaboard sees little chance of an early end to the industrial action that is seeing queues forming outside many of the country's largest ports. With union leaders heavily framing the impasse about foreign port operators profiteering neither political party in the US in this election year ...
Seacon in for more MR tanker newbuilds China's Seacon Shipping continues to expand its footprint in the tanker segment with four additional MR product carrier newbuildings. Shipbuilding sources suggest the Hong Kong-listed diversified owner and operator has struck a joint venture deal with Huanghai Shipbuilding, called GHC Shipping, for a 50,000 dwt quartet set to deliver in 2026. No price has been ...
Pleiades Shipping inks LR1 newbuilds in China Greek tanker owner Pleiades Shipping is rejuvenating its LR1 fleet with orders for up to four newbuilds in China. Brokers in Greece report the Kifissia-based company has contracted New Times Shipbuilding for two firm 73,000 dwt units costing about $55m each and secured options for two more ships. The firmed-up LR1 pair is scheduled for ...
ArcelorMittal lets go of two kamsarmaxes Two kamsarmaxes controlled by steel producing giant ArcelorMittal are widely reported sold by brokers. The 83,000 dwt pair - AM Hamburg and AM Quebec - were built for ArcelorMittal 11 years ago at New Times in China. Brokers report they have been sold en bloc for $37m to unspecified Chinese buyers. ArcelorMittal has an asset-light ...
New Jersey offshore wind project gets federal sign off The US Bureau of Ocean Energy Management (BOEM) has granted final approval for the construction and operation of the Atlantic Shores South wind project plan off the coast of New Jersey. The scheme covers two wind energy facilities with a combined capacity of up to 2.8 GW, enough to power nearly 1m homes. Subsequent to ...
Oceaneering scores US Navy contract Houston-based offshore contractor and subsea robotics specialist Oceaneering has secured a multi-million dollar contract to build an autonomous underwater vehicle (AUV) and establish an onshore remote operations centre for the US Navy. The deal will see Oceaneering leverage technology originally developed to support the offshore energy sector. The AUV called Freedom will be built at ...
New Shanghai containerline starts operations A new Chinese container line based out of Shanghai has commenced calls across northeast Asia. STF Shipping offers three container services linking China with South Korea and Russia's Far East, taking over from where Dubai-based CStar Line previously operated. CStar quit the route in August. STF operates six ships ranging in size from 1,100 to ...
Sarens forms US offshore wind partnership Belgian heavylift specialist Sarens has joined forces with Empire Energy Partners' offshore division to work together on US offshore wind projects. The two companies said they aim to meet the increasing demand for domestic offshore wind projects by offering an integrated solution. The US-based Empire Energy Offshore will lead as the primary EPC contractor, while ...
Hapag-Lloyd contracts two Chinese yards for boxships worth up to $5.25bn Hapag-Lloyd has selected two Chinese yards for its next fleet expansion, orders that total $5.25bn if all options are exercised, making it one of the largest containership orders in history. Broker Intermodal reports the German carrier has contracted Yangzijiang Shipbuilding to build 10 firm plus five options 17,000 teu LNG dual-fuelled ships, costing $210m each. ...
Bulk carrier grounds in super typhoon off Taiwan Authorities in Taiwan deployed a number of helicopters yesterday to rescue all the crew onboard the Blue Lagoon, a Barbados-flagged, 79,500 dwt bulk carrier, which ran aground in a super typhoon on Orchid Island, off the east coast of Taiwan, with fears growing of a possible oil spill. The 229 m long bulk carrier is ...
Pacific $150 levy gets top mark among IMO proposals, research group says The research group rated the Pacific Islands' levy proposal the highest among candidate mid-term economic measures, while China's proposal was not...
How US port strike could unintentionally boost shipping profits The decline in container shipping rates since July should theoretically be reversed by the ILA strike at US east and...
Daily Briefing Highly unusual shipment from occupied Crimea a major red flag, say security experts | Biden backs dockworkers union as the...
Ofac hands out more sanctions as it targets Houthi weapons smuggling Marshall Islands-based Gemini Marine has seen two of its vessels sanctioned by Ofac and has ended up on the Specially...
Container rates show biggest third-quarter fall in non-Covid year BIMCO chief shipping analyst Niels Rasmussen says medium- to long-term freight rates are a cause for concern for carriers, despite...
Baltic Dry Index begins to flatten after peak: Seasonality or cause for concern? Analysts suggest the drop is a result of a weak panamax segment and a return to normal after Beijing's stimulus...
MEPC82 split over food security concerns The IMO's climate talks were dominated by debates over what carbon pricing would do to poor states' food security, with...
Crew of grounded bulker rescued during typhoon Barbados-flagged bulk carrier Blue Lagoon was carrying 67,500 tonnes of iron ore as well as 227 tonnes of fuel oil...
Highly unusual shipment from occupied Crimea a major red flag, say security experts The shipment is the latest example of Russia being willing to use deceptive practices to sustain the transport of suspicious...
US transport secretary calls on carriers to withdraw strike surcharges Federal Maritime Commission will be assessing whether any charges put in place are 'legitimate and lawful'
MEPC82 will deliver on time, IMO chief insists IMO secretary-general Arsenio Dominguez said the IMO can come up with greenhouse gas regulations on time, saying proposals can still...
IMO to tighten NOx emission rules The IMO says it will tighten NOx regulations as several member states and NGOs express worries about high NOx emissions
Evergreen sells more vintage boxships for further trading As the values of secondhand containerships have risen, sellers of secondhand containerships are able to secure higher prices for selling...
Cosco ship evacuates Chinese from Lebanon as Middle East tensions flare up Move comes as tensions in the Middle East continue to escalate, with growing concerns over the possibility of a direct...
Hengli Heavy Industries eyes Shanghai listing via reverse takeover The disclosed restructuring plan, though still facing uncertainties, hints at Hengli's intentions for a backdoor listing
Political winds turn against ocean carriers amid ILA strike The Biden administration's message of support for striking longshore workers - and inferring of carrier price gouging - shuts down any hopes for a federal government intervention in the short term, writes Journal of Commerce Executive Editor Mark Szakonyi.
Domestic intermodal rate pressure building on stronger truck pricing Shipping executives say domestic intermodal rates are set for a rise as trucking pricing expands, however, they're not expecting significant increases.
Window to divert strike-affected imports to West Coast closing soon If the International Longshoremen's Association (ILA) strike continues past next week, shippers say they will likely book more freight through West Coast ports, rather than risk being caught up in logjams at East and Gulf Coast ports.
Government, board approvals clear way for DSV-DB Schenker merger Deutsche Bahn's supervisory board approved DSV's $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board.
Carrier order books, alliance changes signal continued reliance on scale In container shipping, size still matters, evidenced by carriers continuing to expand their fleets, consolidate and form vessel-sharing alliances, writes Shipping Masters Managing Director Jeremy Masters.
House Republicans, shippers up pressure on Biden to stop US port strike Several groups are calling on the White House to invoke the Taft-Hartley Act to stop the International Longshoremen's Association (ILA) strike that began at midnight Tuesday morning.
Video purports to show Houthi sea drone hitting suezmax in Red Sea Footage published on social media is in line with official description of incident that took place early Tuesday
Who is Harald Daggett, the F-bomb-dropping union leader who has threatened to 'cripple' America? Vietnam War veteran with union in his blood puts the power of organised labour back in the spotlight
Biden calls for wages hike as Trump blames for historic port strike US president's pro-union stance shines through as predecessor also expresses sympathy for dockworkers
'Unintended' hit: Houthis likely struck Greek bulker while chasing another vessel Modion Maritime panamax remains immobile in the Red Sea, a day after suffering damage from Houthi missile
'Chaos is expected': Charter rates could rise for container ships as strike hampers key trades Box volumes from Latin America and Europe will be hard to divert
Densay Shipping makes tanker newbuilding debut as plan for 'sizeable modern fleet' revealed UAE-based outfit led by Tayfun Gunerhan picks Wuhu Shipyard for its first tanker newbuildings
Panamax bulkers still waiting for market upturn as recovery pushed out to 2025 Third and fourth quarters are usually the seasonally strongest time of the year for the segment
US targets tanker owner over 'oil shipments funding Houthi attacks' US Treasury claims Marshall Islands-based owner's ships have hauled Iranian and Russian cargoes
Stolt-Nielsen expects port strike to hit tank containers business Exact financial impact tough to gauge in day two of labour action
Stolt-Nielsen's chemical tanker earnings to fall, but how much remains to be seen Chief executive Udo Lange sees a volatile market while giving a range for how much the dip can be
MISC inks LNG carrier newbuilding pair for parent Petronas Petronas subsidiary renegotiates charters with parent on five steam turbine vessels
NNPC charters Stena Sonangol suezmaxes to supply Africa's biggest refinery Nigerian oil company needs crude for new petrol production
VLGC rates out of US surge as $100,000 mark seen as possible Analysts say arbitrage to Asia could justify bigger payday for owners
Howe Robinson hires new S&P 'headliner' from Clarksons in South Korea Recruit will boost Asia-Pacific presence
Has Joe Biden's lack of belief in key US law painted him into a corner as strikes sweep US ports? Complex political calculus favours longshoremen's union but economic impacts could swing the balance
Frontline shares soar in Oslo as 'war premium' buoys tanker equities Attack on energy infrastructure in Iran would be net positive for crude tanker names, Pareto says
Tanker trades set for shift as $12bn refinery starts to take shape Ghana wants to reduce reliance on oil product imports
Tankers International hires new bunker desk chief as fuels move into focus Specialist Stephen Robinson says now is time for tanker pooling company to 'supercharge' bunkering offering
Japan's Marubeni teams up with Norway's Solvang on joint operation of ammonia carrier Partnership will operate Clipper Neptun
Zim stock downgraded as it rides wave of US strikes and Red Sea riches Jefferies cuts boxship specialist rating as impact of global invents already reflected in elevated share price
Iran closure of Hormuz Strait would be even worse for tanker shipping than Red Sea crisis Few positives for tankers from any potential closure of vital sea route
Angeliki Frangou's Navios nets charters for two container ship newbuildings with Unifeeder DP World subsidiary touts the vessels' green credentials by highlighting their 'cutting-edge efficiency'
Unjust and unfounded: Turkish ship services owner wins bid to lift US sanctions Blacklisting removed for Istanbul company and its founder after appeal over links to Russian bulker
LNG shifts back into lead as shipping fuel of choice, DNV says Class society charts 24% year-on-year growth in alternative fuelling
MOL strikes rare order for FSRU newbuilding at Hanwha Ocean, sources say Floating regasification unit booked for Singapore and set to be announced later this month
Scorpio Tankers confirms $73.5m sale of product carrier as lucrative disposals extend Monaco-based product tanker giant has been selling at NAV and buying shares at steep discount
Gibson surges past charity distance target with series of global events UK-headquartered company raised $25,700 for new school in Kenya
Harland & Wolff officially enters administration with Royal Fleet Auxiliary works at risk of moving to Spain Non-trading holdings company is insolvent but key subsidiaries continue to trade
Embrace innovation, says Carl Schou as he retires after 16 years at Wilhelmsen Ship Management helm Former seafarer steered manager through financial crisis, shift to Asia and major acquisitions
Port inefficiencies blamed as Berge Bulk handysize stuck in Algeria since June UK-flagged ship has been severely delayed after transporting logs from Argentina
Trump blames Biden for historic port strike as president calls for wage hike US president's pro-union stance shines through as predecessor also expresses sympathy for dockworkers
Grampian Boaty McBoatface: Scottish shipowner North Star asks public to name new vessel Competition evokes memories of favourite running joke for the public and maritime industry
MOL strikes rare order for an FSRU newbuilding at Hanwha Ocean Floating regasification unit booked for Singapore and set to be announced later this month
Densay Shipping makes tanker newbuilding debut as drive for 'sizeable modern fleet' revealed UAE-based outfit led by Tayfun Gunerhan picks Wuhu Shipyard for its first tanker newbuildings
First export cargo leaves new Mexican oil refinery... on a bulker Turkish handysize has loaded petroleum coke from Pemex's Olmeca plant
Tankers drive profitable, expectations exceeding quarter for Stolt-Nielsen Chemical tankers in its STJS pool saw rates climb more than 17%
Joe Biden's lack of belief in key US law backs president into a corner as strikes sweep US ports Complex political calculus favours longshoremen's union but economic impacts could swing the balance
Stolt-Nielsen profit powers past forecasts in strong third quarter Chemical tankers in its STJS pool saw rates climb more than 17%
LNG bunker vessel orders stack up as new players move into market during active third quarter Strong prices are keeping a lid on large LNG carrier demand as players await next wave of new liquefaction supply
Trump blames Biden for historic port strike as president calls for wages hike President's pro-union stance shines through as predecessor also expresses sympathy for dockworkers
Grieg Group celebrates 140 years as the next generations build on shipping legacy Fifth-generation shipowner Nicolai Grieg says the maritime group believes in ammonia as a future fuel and growth into new areas
Japan's Marubeni teams up with Norway's Solvang on joint operation of ammonia carrier Partnership will be operating the 60,200-cbm Clipper Neptun (built 2008)
Singapore reveals the secret to attracting a younger generation to shipping Singapore Maritime Foundation has found another unique yet fun way to pull the younger generation into the industry.
HD Hyundai Marine Solution targets top slot as retrofits heat up Ambitious South Korean engineering services provider hopes to snare its first LNG carrier-to-FSRU conversion shortly
Provaris and Yinson aim to break CO2 carrier capacity ceiling with new order in the works Strategic collaboration could end up with greenhouse gas carried on much larger ships
Another Polar Air Cargo executive gets time behind bars for fraud Another executive at Polar Air Cargo has been sentenced to prison for defrauding the company for more than a decade.
Debunking ILA dockworkers' claims about carrier price gouging The International Longshoremen's Association is accusing container shipping lines of ripping off customers, but rates are four times lower than the union claims.
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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