VIDEO: New Baltimore temporary channel opens The Unified Command responding to the collapse of Baltimore's Francis Scott Key Bridge today reported that the Captain of the Port (COTP) has established a second temporary alternate channel on the southwest
Eastern Shipbuilding partners with Royal IHC for new hopper dredge Eastern Shipbuilding Group Inc. (ESG) and Royal IHC have formed a strategic partnership to design and construct a highly automated medium-class hopper dredge for the U.S. Army Corps of Engineers (USACE) that
Cathrine Marti named as new Vard CEO Fincantieri's Norwegian headquartered Vard Group AS subsidiary is to have a new CEO. Former Ulstein CEO Cathrine Kristiseter Marti will step into the role starting June 1, 2024. Current CEO, Alberto Maestrini
Dali owner and manager file to limit liability in Baltimore bridge collapse This will come as little surprise to Marine Log readers, though it may come as a shocker to many in Baltimore. The owner and manager of the Dali, the containership that struck
Conrad Industries reports 2023 results Conrad Industries, Inc. (OTC Pink: CNRD) has announced its 2023 results and backlog. The company reported a net loss of $27.0 million and a loss per diluted share of $5.39 for the
"Complacency" seen in $2 million barge strike on Natchez-Vidalia Bridge Complacency in the workplace is widely recognized as a safety hazard and a towing vessel captain's complacency led to barges striking the Natchez-Vidalia Bridge last year in the Mississippi River, the National
Minneapolis locks opening April 21 for navigation season Due to the arrival of spring, the St. Paul Engineer District is opening Lower St. Anthony Falls Lock and Dam and Lock and Dam 1, both in Minneapolis, Minn., to commercial and
Op-Ed: Transforming offshore wind installation By Ted Bergman, Vice President, Offshore Energy at Elomatic When it comes to offshore wind energy, the traditional methods of installation have faced growing scrutiny due to their costliness, environmental impact, and
Port of Southampton concludes channel widening project The Port of Southampton has successfully concluded a significant navigation channel-widening project in its Western Docks, facilitating the passage of the largest container vessels alongside the largest cruise ships berthed in the port. This marks the first major channel-widening initiative undertaken at the UK port in the decade. The project involved the removal of approximately 900,000m³ of pre
APM Terminals confirms major electrification investment in Croatian terminal When the Rijeka Gateway becomes fully operational in 2025, it will mark a significant milestone in APM Terminals' endeavours to transition to electric-powered container handling. APM Terminals, in collaboration with ENNA Logic, has invested in over 60 units of electric container handling equipment to meet the demands of the Croatian terminal. This investment ensures that the majority of container
Newcomers Sea Legend and Safetrans to link South Korea with Red Sea Sea Legend Shipping, a start-up running opportunistic Red Sea-China services, is linking its network with Safetrans, which was set up to operate Russia-bound services. Both companies have recently appointed forwarder Orient Star Logix as their South Korean agent. In January, Sea Legend, which was established in February 2023, started publicising its services connecting China with Turkey via the R
MSC tops reefer rankings too MSC has developed the largest capacity for refrigerated containers, as the Swiss-Italian liner giant strengthens its status as the largest liner operator. Alphaliner's report noted that MSC's fleet has grown nearly 20% over the past year, and its 815 ships have 583,700 reefer plugs installed, representing an increase of almost 18%. Only Ocean Network Express (ONE) recorded a bigger growth in the
Hamburg Senate recommends Köhlbrand Bridge replacement During the Port of Hamburg's session on 2 April, the Senate reviewed the alternatives for the Köhlbrand crossing and decided on the construction of a new bridge. The existing Köhlbrand Bridge has reached the end of its operational lifespan and requires replacement, according to a Port of Hamburg statement. Following an examination and evaluation of various crossing options, the Senate has opted f
DP World Southampton boosts rail freight movement DP World has experienced a significant rise in the share of freight being transported by rail from its Southampton logistics hub. The Modal Shift Programme trial, initiated last September, aims to enhance the appeal of intermodal rail transportation for customers by offering thoughtful financial incentives. From September to February, the share of freight units shifted from road to rail at DP Wor
ONE delays East Coast service due to Red Sea crisis Singapore-based container carrier Ocean Network Express (ONE) will postpone the start of East Coast 4 (EC4) service until the Red Sea situation stabilizes. The service is initially scheduled to restart during the 16th week of the year. "To ensure the consistency and reliability of our services, we will reassign the vessels to our other East Coast services for continued stability," said ONE, which
PSA BDP establishes office in the Philippines PSA BDP, a global logistics and supply chain solutions provider, has opened its first office in the Philippines, located in Paranaque City. The new office marks PSA BDP's 140th global location, and Doods de Vera, Country General Manager, will lead all aspects of the Philippines operation. Philippines is a founding member of the Association of Southeast Asia Nations (ASEAN), which has many free tr
Port of Hong Kong faces severe connectivity loss Recent service networks released by the container shipping alliances reveal a noticeable trend: Major shipping companies are rapidly scaling back their presence in Hong Kong along East-West shipping routes. Gemini's latest network overview reveals no scheduled direct deep-sea calls to Hong Kong. Likewise, the Ocean Alliance's 2024 network update shows a significant reduction in direct port calls,
COSCO, CNC ink vessel-sharing deal for intra-Asia service Chinese shipping giant COSCO and CNC, the intra-Asia short sea specialist of the CMA CGM Group, have signed a vessel-sharing agreement for a service between China and the Philippines. The China Philippines 8 (CP8) service will be operated by two container ships with a capacity of 2,800 TEUs each, with each company deploying one boxship. The port rotation of the weekly CP8 service is as follows: F
HMM and Shanghai International Port Group sign clean marine fuel agreement South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine fuel. This agreement will focus on bunkering methanol and LNG at Shanghai Port in China, while it also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, and helping shipping energy transformation
Folk Maritime introduces new feeder service between Sudan and Saudi Arabia Folk Maritime will initiate a new direct feeder service in April, linking Port Sudan with the port of Jeddah in Saudi Arabia. This move aims to enhance customer access to Port Sudan's feeder port and bolster transshipment capacity across the Red Sea, according to the newly launched company. "As the gateway for 90% of Sudan's international trade, Port Sudan will benefit from these direct shuttle
Ultramax orders pile up at New Dayang Busy Chinese builder New Dayang has secured more orders for ultramax bulk carrier newbuildings. Beijing-based leasing company Huaxia Financial Leasing has contracted the shipbuilding arm of state-run machinery manufacturer Sumec Group for eight Crown 63 Plus design vessels. Financial terms surrounding the deal, which follows Turkey's Ciner Shipping adding four more ultramaxes to its orderbook ...
Subsea 7 wins contract worth up to $150m Offshore engineering and services player Subsea 7 has announced a sizeable contract win with an undisclosed client for its subsea and conventional business unit. No further details are disclosed at this time due to contractual obligations, the Oslo-listed company said in a filing. The deal worth between $50m and $150m is subject to final investment ...
Intercargo and RightShip launch centre of excellence for dry bulk shipping Bulker owners' association Intercargo and risk management platform RightShip have established an independent not-for-profit organisation dedicated to reducing operational incidents, improving standards and driving industry best practices in the dry shipping sector. The Dry Bulk Centre of Excellence (DBCE) will promote the implementation of the Dry Bulk Management Standard (DryBMS) framework - lau
DOF gets subsea installation gig off West Africa Norwegian offshore vessel owner DOF has won a contract for a construction transport and installation project in West Africa from an unnamed client. DOF said that it would utilise the vessel Maersk Installer for the duration of the project, estimated to be between 100 and 150 days. The project includes the installation of flexible products ...
HMM inks deal to bunker methanol and LNG at Shanghai Port South Korea's flagship carrier HMM has signed a memorandum of understanding (MoU) with Shanghai International Port Group (SIPG) to cooperate on clean marine fuel. This agreement between the two will focus on bunkering methanol and LNG at Shanghai Port along with supporting carbon reduction goals, promoting global shipping new energy cooperation, and helping shipping energy ...
Seatrium bags $260m worth of repair, upgrade and conversion deals The contracts, worth an aggregate of S$350 million ($259m), include work on various types of vessels such as FSRUs, FPS, LNG carriers, and cruise ships as well as some offshore and naval work. All the work under the contracts is set to be completed by the end of 2025. The company won deals to convert ...
14% of Russian refining capacity offline as Ukrainian drones head further inland Ukrainian forces hit Russia's third-largest oil refinery with a drone strike on Tuesday but with no critical damage. This time the target was a unit of the Taneco refinery in Tatarstan. The refinery is a long way from the front lines, some 1,300 km away from Ukraine's border with Russia. The Taneco refinery has a ...
Former Ulstein boss to take the helm at Vard Norway's Vard, part of Italian shipbuilding giant Fincantieri, has appointed Cathrine Marti as its new chief executive officer. Marti, the former CEO at compatriot shipbuilder and designer Ulstein will take up her new post at Vard on June 1. The appointment of the new CEO is part of a long-term strategy to strengthen Vard as ...
'Pancaked' bridge wedged in mud hampers Baltimore salvage ops Sonar images released yesterday show the magnitude of the job that divers and salvage workers face as they begin to remove the wreckage of the Francis Scott Key Bridge strewn across the main shipping channel into the port of Baltimore. Eight days on from the moment the 9,962 teu Dali containership rammed into Baltimore's largest ...
Hafnia to start trading on NYSE next week After Hafnia, the world's largest product tanker owner, announced late last year that it was pursuing a secondary listing in the US, the New York Stock Exchange (NYSE) approved the US listing of the company's common shares. Hafnia's common shares are expected to be admitted to trading on the NYSE on April 9 under the ...
Hanwha Ocean taps SBM veteran to head up its offshore business Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as president of its offshore business. The South Korean builder formerly known as Daewoo Shipbuilding & Marine Engineering, said Levy's appointment marks a pivotal moment for the company as it embarks on a journey to transition from a traditional shipbuilder to offer ...
Noble adds one well to Suriname drillship contract Offshore rig owner Noble has secured additional work for its drillship Noble Voyager in Suriname. Malaysia's Petronas has exercised its option to add one more well to the floater's contract in Block 52 at $470,000 per day. The contract extension will see the 2015-built unit utilised for about 70 days with the campaign starting in ...
Candler in for six MPPs at New Jiangzhou Shipbuilding German MPP specialist Candler Schiffahrt has struck a newbuilding deal at a reborn Chinese yard. The Bremen-based company has contracted six 12,000 dwt units for an undisclosed price tag at New Jiangzhou Shipbuilding Heavy Industry. The 140 m long vessels have been developed by Shanghai Merchant Ship Design & Research Institute (SDARI) to meet the ...
US gives all-clear to Avangrid's 2.6GW New England Wind project The US Department of Interior has approved Avangrid's New England Wind project, the country's eighth approved commercial-scale offshore wind project under the current administration. With this project approval, the US has approved more than 10GW of clean energy from offshore wind projects, enough to power nearly 4m homes. Originally two phases of one project, New ...
Golf competition set to tee off Geneva Dry Helping turn Geneva Dry into a significant Swiss shipping week, broker IFCHOR GALBRAITHS (IG) and law firm Holman Fenwick Willan (HFW) are set to host a seminar and golf day on May 1. Taking place at the Golf & Country Club de Bossey 8 km south of Geneva, invited guests can sign up for a ...
Marfret seals feeder resale deal with Reederei Nord Marseille-based Marfret has concluded a resale deal for a 1,900 teu newbuilding being built by China's Guangzhou Wenchong Shipyard (GWS). The vessel is part of a four ship series originally ordered in 2023 by the German owner Reederei Nord. According to Alphaliner, Marfret is paying $30m for the ship, which will deliver in March next ...
Ship master and company convicted in Australia over pilot ladder failures The Commonwealth Director of Public Prosecutions (CDPP), on behalf of the Australian Maritime Safety Authority (AMSA), has successfully prosecuted a ship's master and shipping company, following a serious accident involving a ship's pilot in 2023. On May 25 last year, a pilot attempting to embark the Panama-flagged general cargo ship Boshi 58 (pictured) was seriously ...
Ship carrying Russian timber held at Rostock in sanctions probe German officials have held a ship at Rostock to investigate its cargo of Russian timber. Operator CIS Navigation says it...
Türkiye's Russian oil imports near record with buyers unfazed by sanctions threat Türkiye has become one of the top three importers of Russian oil along with China and India since the Russian...
Baltimore bridge collapse vessel owners could still claim general average The idea of GA has been around for over two millennia. But today's cargo underwriters hate it and the International...
Marooned vehicle carrier at Baltimore to hit Wallenius Wilhelmsen earnings Wallenius Wilhelmsen pure car and truck carrier Carmen remains trapped at the Port of Baltimore with costs mounting. The operator...
Hafnia gets NYSE nod for dual listing Product tanker giant eyes broader investor base with New York Stock Exchange listing
Containership S&P market heats up MSC is reported by brokers to have purchased five secondhand containerships in the past week, including a pair of 23-year-old...
Shipping's choke points at risk from cyber attacks Onboard systems are open and vulnerable to attack. If something takes place at the wrong time in the wrong place...
The Lloyd's List Podcast: Is it possible to order a future-proofed ship today? Shipping's boardrooms are struggling with a more complex, more expensive future where there are too many 'known unknowns'. Future-proofed flexibility...
Intercargo and RightShip launch centre to raise the bar for dry bulk sector Ex-Shell manager Ian McLeod named as managing director as new unit promises independence
APM Terminals announces €100m investment in electrified terminal The new terminal is Croatia's largest national project and will handle upwards of 1m teu when building is complete
Huaxia Financial Leasing orders eight ultramaxes from Sumec Marine Latest order has brought the number of Crown 63 Plus series vessels up to 65
Taiwan's Hualien port suspends cargo handling after 7.2 magnitude earthquake Hualien port has suspended cargo handling operations and restricted the entry of vehicles and vessels
Australia fines master and shipping company after pilot seriously injured in fall A pilot ladder broke during a transfer, thereby seriously injuring a mooring master providing pilot services on a general cargoship
CMA CGM invests in EVs and intermodal transport CMA CGM is investing in a electric vehicle venture and joining forces with a rail operator as it seeks to...
Pasha Group gets Morgan Stanley loan Funds managed by Morgan Stanley Infrastructure Partners have provided an unsecured loan of an undisclosed amount to the Pasha Group...
Capesize correction gathers steam as spot rates and FFAs fall Following a counter-seasonally strong Q1, capesize rates and futures are in retreat. Nevertheless, shares of listed dry bulk owners are...
Daily Briefing Dali owners deny liability for Baltimore bridge collapse | Exclusive: IMO $100 green levy can achieve highest emission reductions in...
NS offering NY/NJ, Virginia rail workarounds to ease Baltimore port closure Norfolk Southern will join CSX in running inter-port trains between New York/New Jersey and Baltimore to limit disruptions involving cargo rerouted after the collapse of the Key Bridge.
Red Sea crisis prompts THE Alliance to delay restart of Asia-USEC service The decision underscores that ship diversions around Africa's Cape of Good Hope will likely last through at least the first half of 2024, if not longer, as carriers see no short-term resolution to the uncertain security situation in the region.
Import surge shines light on dynamics behind jump in LA/LB rail dwells: analyst Elevated dwell times are not just a function of a lack of planning on the part of the railroads, but an inevitability that shippers need to consider for planning processes, writes analyst Larry Gross.
FourKites, BuyCo partner as freight industry evolves to 'app-based' future The link-up between the two companies is the latest industry partnership that caters to the desire of shippers for bundled global freight planning, execution and tracking.
ONE, Cosco join with CMA CGM on north-south service to US East Coast The new vessel-sharing agreement will see the introduction of non-CMA CGM ships into a string that runs between the West Coast of South America and ports in the US Northeast and mid-Atlantic.
Import surge shines light on dynamics behind jump in LA/LB rail dwells: analyst Elevated dwell times are not just a function of a lack of planning on the part of the railroads, but an inevitability that shippers need to consider for planning processes, writes analyst Larry Gross.
Leave historic US maritime law alone, says lawyer with over 125 major casualties on his CV Long-standing 1851 legislation has its own way of apportioning responsibility for casualties
Ageing chemical tankers could be forced into sanctioned trades by new emissions rules, SSY warns UK broker says other owners will choose retrofits or scrapping
Elderly Navios ship finds buyer as prices rebound Value of South Korean-built ship has risen since touching bottom in January
Preventing ship blackouts: What can we learn from major casualties? While Viking Sky in Norway was a near miss, Dali may be about to drive home a new message about ship blackouts
SSY research chief issues weather warning for capesize owners Turnaround in El Nino and La Nina patterns could have dramatic effects on dry bulk
Middle East VLCC 'scramble' awaits after Mexican crude export cut, says BRS Broker also says Pemex holding on to Maya grade will hurt aframaxes
Marfret splashes out on 1,900-teu newbuild ordered by Reederei Nord French owner pays $30m to acquire third of four vessels ordered by German tonnage provider
Ammonia engines face pilot testing as pressure mounts for first deliveries Build starts on a first MAN Energy Solutions unit, WinGD targets a 2025 delivery and Wartsila eyes up pilot retrofit
Shipping strength sweetens an overall poor year for trading giant Gunvor Decline in commodities prices last year reflected oil supply cuts and weaker Chinese economy
Wallenius Wilhelmsen to suffer $10m hit from Baltimore bridge disaster Oslo-listed owner expects disruptions to drag on Ebitda as terminal closed to ships
Axel Eitzen's Christiania Shipping banks financing for chemical tanker quartet Shipowner refinances four vessels valued at $50m
Shipping strength sweetens an overall poor quarter for trading giant Gunvor Decline in commodities prices last year reflected oil supply cuts and weaker Chinese economy
Viken JV tanker auctioned in Gibraltar to shake off Russian links Bidders are believed to have spent $73m on the five-year-old, scrubber-fitted vessel
Cosco braces for stronger competition as container profits fall to earth Container shipping giant blames lower freight rates and normalised market
Pan Ocean product tanker order pushes newbuilding price to highest level since financial crisis Early delivery slots available after vessel contract cancelled
Former Ulstein CEO Cathrine Marti emerges as new boss at Vard Experienced executive left rival shipyard in November
Footage shows destruction on Baltimore bridge crash container ship as second channel opens up NTSB releases video shot by investigators on board damaged vessel
Russia's crude shipments hit highest level this year despite setbacks Value of exports rises as China welcomed tankers with Sokol oil on board
Judge's order corrals Dali bridge disaster into single case in Maryland Claims deadline set for September in limitation of liability case
Shipowner and master plead guilty to safety failings in pilot injury case Captain and Fu Ye Shipping taken to court after accident in Australia
Sanctioned Novatek 'halts Arctic LNG 2 production' due to lack of LNG carriers Russian giant reported to have stopped converting natural gas to LNG in another blow to energy exports
'Significant milestone': Hafnia poised for New York listing after winning final approval Product tanker owner's Oslo share trading will be temporarily suspended
Australia convicts Chinese master and owner after pilot falls from 'degraded' ladder AMSA took captain and owner Fu Ye Shipping to court after 2023 accident
MOL inks green loan to finance LNG-fuelled VLCC newbuilding in China Sumitomo Mitsui Trust Bank is the lender, but amount has not been revealed
Seatrium bags $260m worth of repair and conversion contracts for 2024 Shipyard set to host series of cruise ships, LNG carriers and offshore vessels over next 12 months
CMA CGM pumps €120m into Renault and Volvo's electric vehicle start-up Flexis SAS will create a revolution in the van sector, partners say
Tanker broker in sights of industry giants plots next steps after 'Golden Year' How a small tanker shipbroker in Hamburg envisages the future in an era of consolidation and disruption
'Vigorously disputing': Imperial Shipping heads to arbitration with Greek owner in cargo-loss case Suits have been flying as UK owner counterclaims for wrongful arrest
Ciner Shipping orders four more ultramax bulkers at New Dayang Turkish company has ordered four newbuildings worth $136m
Nuclear shipping propagators band together to found NEMO New association aims to further cause of nuclear shipping by facilitating a 'functional connection' with regulators
Hanwha Ocean defends bid for Australian shipbuilder Austal South Korean company says it already has a proven track record of investment in country's defence industrial base
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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