Vigor begins low rate initial production of new U.S. Army landing craft Portland, Oregon, headquartered Vigor reports that it has begun low rate initial production (LRIP) on the Maneuver Support Vehicle (Light) U.S. Army landing craft vessel at its facility in Vancouver, Wash. The
Poland's new Miecznik frigates feature MTU propulsion and power systems Construction of the first of Poland's three new Miecznik frigates is now underway at the state-owned PGZ shipyard in Gdynia. In parallel, the vessel's MTU propulsion engines and four marine gensets are
MAN and EPS ink MOU on crew training for handling ammonia as fuel MAN Energy Solutions and Singapore-headquartered Eastern Pacific Shipping (EPS) have signed a Memorandum of Understanding (MOU) covering the development of crew training for handling ammonia as fuel on vessels. Signed at the
Two-thirds of European green shipping fuel projects at risk: T&E study Two-thirds of European green shipping fuel projects are at risk, a new Transport & Environment (T&E) study shows. T&E's mapping of green hydrogen projects across Europe shows that nearly 4% of European shipping could run on green e-fuels by 2030. But fuel suppliers appear to be reluctant to commit financially to projects without more guarantees that there will be demand for these fuels shortly. T
Diamond Line and Tarros introduce a new weekly PAE service Diamond Line, the short-sea and feeder carrier operated by COSCO SHIPPING Europe, along with Tarros Group, is launching a rapid short-sea service connecting Alexandria, Egypt, and Piraeus, Greece to Algiers, Algeria, and vice versa starting June 2024. This joint weekly service will operate using two 1,000 TEU vessels. The inaugural voyage of the service, led by Contship Ivy, is anticipated to dep
Canada invests over US$35 million to strengthen global trade presence The Canadian government is investing up to C$51.2 million (US$37.5 million) in 19 digital infrastructure projects to bolster Canada's global trade presence, including some projects that address the flow of container movements. Funding will come from the National Corridors Trade Fund, a C$4.6 billion program to make domestic supply chains more efficient, bolster infrastructure resiliency and reduc
TS Lines makes another attempt at IPO Taiwanese regional carrier TS Lines has made a third attempt at an initial public offering on the Hong Kong Stock Exchange. Earlier attempts in 2022 and 2023 stalled as the container shipping market corrected after the Covid-19-enabled boom. However, having submitted another prospectus on 30 May, TS Lines appears to have been encouraged to try again due to the current renewed bull run. The compan
South Korea sees container trade growth In April, South Korea traded 364,900 TEUs of containers with eight other Asian economies, marking a 15% increase from 316,600 TEUs in the same month last year. According to the Japan International Freight Forwarders Association Inc (JIFFA), this trade has shown year-on-year throughput growth for nine consecutive months since August 2023. South Korea exported 176,400 TEUs, up 12%, and imported 188
Aidrivers & Terberg complete autonomous terminal truck deployment at Port of Tanjung Pelepas Aidrivers, in collaboration with Terberg Tractors Malaysia (TTM), announced the successful completion of Phase 2 of autonomous operations at the Port of Tanjung Pelepas (PTP). This marks a significant step forward in integrating autonomous technology into port operations amidst mixed traffic, showcasing innovation in the maritime industry. Following the achievements of Phase 1, Aidrivers and TTM
Adani Ports secures 30-year concession deal with Tanzania Ports Authority Adani International Ports Holdings (AIPH), a fully owned subsidiary of Adani Ports and Special Economic Zone (APSEZ), has inked a 30-year concession deal with Tanzania Ports Authority to operate and manage Container Terminal 2 at Dar es Salaam Port in Tanzania. Dar es Salaam Port is a gateway port with a well-developed network of roadways and railways. CT2, with four berths, has an annual cargo h
ONE redesigns Egypt Lebanon Turkey Service Ocean Network Express (ONE) has announced a service update to the Egypt Lebanon Turkey service (ELT). This service will continue to offer coverage in the European region by offering direct connections from Piraeus and Damietta to Beirut and Iskenderun. It will also start to feature a new direct connection from Piraeus to Limassol. The updated service rotation will be as follows: Piraeus (Greece)
Maersk increases full-year guidance A.P. Moller - Maersk (Maersk) anticipates greater port congestion, particularly in Asia and the Middle East, as well as an increase in container freight prices, as a result of sustained high container market demand and the disruption caused by the ongoing Red Sea issue. This progress is increasingly accelerating and is projected to lead to improved financial performance in the second half of 2024
NextGen Demo in Antwerp port secures US$2 million subsidy NextGen Demo, an innovation centre located in the circular hotspot NextGen District in the heart of Antwerp's port, has received a US$816,000 ERDF (European Regional Development Fund) subsidy as well as US$1,359,593 in Flemish FIO (Innovation & Entrepreneurship Fund) funding. This subsidy of US$2,175,540 will fund a portion of the start-up phase, significantly contributing to the transition to a
Port of Greenock welcomes new US$32 million ship-to-shore cranes The first of two new US$32 million ship-to-shore cranes arrived at the Port of Greenock, marking a significant boost in productivity. The 932-tonne structure was transported from Cork, Ireland, where it was built, in a one-day journey. Installation of this crucial infrastructure will commence shortly, with the crane expected to be fully operational later this year after rigorous testing. The new
DOF bags three-year IMR deal with Equinor Norwegian offshore vessel owner DOF has won a long-term contract for delivery of inspection, maintenance, and repair (IMR) services by compatriot energy major Equinor. The contract is for a duration of up to three years firm with three one-year extension options. The work includes subsea operations covering IMR activities throughout Equinor's assets on the Norwegian ...
Transocean secures $161m worth of rig extensions Offshore drilling giant Transocean has won new deals for three of its harsh environment semisubs worth around $161m in firm contract backlog. In Norway, the 2009-built Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The program is expected to start in the fourth quarter of 2025 in direct continuation of the rig's current ...
Diana Shipping charters out post-panamax to Reachy Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Reachy Shipping for one of its vessels. Aquavita chartered the 2012-built, 98,704 dwt, post-panamax bulker Polymnia for a gross charter rate of $17,500, minus a 5% commission paid to third parties, for a period until a minimum of August 1, ...
Asia Pacific Shipping taps GSI for methanol dual-fuel MR tanker duo Vietnam-based shipowner and fleet management firm Asia Pacific Shipping (ASP) has placed an order with Guangzhou Shipyard International (GSI) in China for two methanol dual-fuel MR oil tankers. The contract for the order was signed during the Posidonia 2024 in Athens, Greece. No financial details of the deal were revealed. The tankers will have a ...
Lauritzen Bulkers picks Integrity Bulk head Martin Egvang as new CEO Copenhagen-based shipowner and operator Lauritzen Bulkers has named the founder and CEO of Integrity Bulk, Martin Egvang (pictured) as its new chief executive officer. Egvang will become the CEO of Lauritzen Bulkers on September 1, 2024. He will be taking over the role from Niels Josefsen who said in April that he would be retiring ...
Lloyd's Register and GSI to jointly develop world's largest ammonia carrier Classification society Lloyd's Register and Guangzhou Shipyard International (GSI) have signed a joint development project for the design of the world's largest very large ammonia carrier (VLAC) at the Posidonia event in Athens, Greece. The vessel, with a carrying capacity of 100,000 cu m, will feature an independent IMO type B tank for the safe ...
DOF pens pipelay support vessel deal with Petrobras Norwegian offshore vessel owner DOF has been awarded a contract for one of its pipelay support vessels (PLSVs) by Petrobras. DOF said that the contract, which will last for three years firm plus an option, was awarded to the Skandi Vitoria PLSV. The contract is scheduled to start in 2025. The Brazilian-built and flagged vessel ...
Sleipner platform pipeline crack stops gas exports to England Production has halted at the riser platform on Equinor's Sleipner field offshore Norway, with no distinct timeline set for repairs. According to media reports, a crack has been found in a 2" pipeline onboard the riser platform which has stopped deliveries from the field to the UK. The Sleipner area holds the Sleipner Øst, Gungne, ...
Skyborn asks for permit to build 3GW offshore wind farm in Sweden Skyborn, a portfolio company of Global Infrastructure Partners (GIP), has submitted a permit application to build the 3GW Polargrund offshore wind farm in Sweden. The application for the offshore wind farm, set to be located 35 km off the coast of Kalix, was submitted to the Swedish government and the Land and Environment Court ...
Shelf Drilling jackup not cleared to begin scheduled work for Equinor Oslo-listed jackup rig pure-play Shelf Drilling has hit a snag with the upcoming drilling programme offshore Norway for Equinor after one of its rigs was not awarded an acknowledgement of compliance. The 2016-built Shelf Drilling Barsk jackup, formerly known as Noble Lloyd Noble, won a contract for two firm wells with the Norwegian energy major ...
Union Maritime to fit 34 newbuilds with wind-assisted propulsion After opting to fit two LR2 tankers under construction with BAR Tech wind-assisted ship propulsion technology, UK shipowner Union Maritime has decided to deploy the technology on 34 of its newbuilds. The 34 newbuilds, 14 of which are LR2s, 12 are chemical tankers, and eight are MRs, will benefit from BAR Technologies' WindWings sails which, ...
Safe Bulkers adds to kamsarmax orderbook in Japan New York-listed Greek dry bulk owner Safe Bulkers has agreed to buy another 82,000 dwt newbuild from an unnamed Japanese shipyard with a scheduled delivery date within the first quarter of 2027. The vessel is designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to the reduction of greenhouse gas ...
TEN continues fleet renewal push with aframax and LNG carrier sale New York-listed Greek owner Tsakos Energy Navigation (TEN) has sold two more vessels in a push to rejuvenate its fleet. The company sold a 2008-built aframax and a 2007-built steam turbine LNG carrier to third-party interests. According to TEN, the sales generated an additional $100m in free cash. The names of the vessels were not ...
LNG proponents gather at Posidonia Backers of liquefied natural gas (LNG) as shipping's interim future fuel heard good things yesterday from a prestigious group described as a "shipowning powerhouse" at the final session of the 9th Capital Link Maritime Leaders Summit in Athens. LNG, in many ways, is a pioneering fuel; it's a good role model. In fact, every new ...
EGPN Bulk Carrier flips a cape China's EGPN Bulk Carrier has done what it does best: flipping ships quickly. This time it is pocketing around $8m on a bulker transaction sealed six months ago. Towards the end of last year EGPN fattened its cape arm, adding a trio of New Times Shipbuilding-built capes built between 2010 and 2011 from Bocimar, named Mineral ...
Prince Rupert seals largest investment to date American company AltaGas and Royal Vopak from The Netherlands are teaming up to build a $1.3bn gas export facility near Prince Rupert in British Columbia. The two companies said they have reached a final investment decision on the Ridley Island Energy Export Facility (REEF), which will be built on Ridley Island near Prince Rupert. REEF ...
Eastern Morocco becomes new spot for Russian tanker transfers Russian movers of sanctioned oil have found a new spot in the Mediterranean to carry out ship-to-ship transfers having been turfed out of Greece last month. Bloomberg is reporting that a slice of coastline off eastern Morocco near the city of Nador has become a new location to transfer Urals oil from smaller ships to ...
Mandatory reporting ruling for containers lost at sea The World Shipping Council (WSC), the lobby group for liner shipping, has welcomed the recent adoption of amendments to the International Convention for the Safety of Life at Sea (SOLAS) by the International Maritime Organization's (IMO) Maritime Safety Committee (MSC 108). Starting January 1, 2026, these amendments will require mandatory reporting of all containers lost ...
Greek PM stresses importance of shipping as Europe seeks strategic autonomy Kyriakos Mitsotakis, the Greek prime minister, used last night's opening ceremony of the Posidonia exhibition in Athens to stress to his European counterparts the importance of supporting shipping. "At a time when Europe is seeking to define the concept of strategic autonomy, the time has come for it to understand that shipping, European shipping, Greek ...
Sourcing the next generation at sea How will managers ensure they have enough skilled staff in the years ahead? The latest from our new shipmanagement magazine. It's a theme that appears on many pages of this magazine - the risk of not having enough suitably skilled workers at sea going forward. So just where are the world's managers looking to fill ...
Shipping's energy transition is a supply chain challenge Julien Boulland from Bureau Veritas Marine & Offshore considers why the decarbonisation conversation must expand beyond what happens on ships. Determining which fuels will power ships in a low-carbon future is just one aspect of reducing greenhouse gas (GHG) emissions in shipping. To succeed, we need to optimise the entire logistics chain of shipping, including ...
Tanker linked to US-sanctioned shipmanager makes rare shipment of crude to Poland from Venezuela This is the first time Venezuelan crude has been shipped to Poland in at least five years, since the US...
Ship recycling volumes descend with candidates in short supply Despite relatively strong prices being offered by ship recyclers, few shipowners are willing to scrap their old ships during a...
Wilhelmsen launches new port call financing model at Posidonia Wilhelmsen Port Services says the new model could free up millions in working capital by allowing shipowners and operators to...
Peak season capacity crunch looms as Asian port congestion grinds on Severe congestion is expected to continue constraining available capacity and bolstering freight rates as the peak season approaches, although the...
ESG backlash sees investors walk away from green shipping Tankers is not the business to go for if you are looking for green investment, argue tanker bosses keen not...
Eastern Pacific Shipping adds to extensive dual-fuel fleet with new LR2 order Singapore's Eastern Pacific Shipping has doubled its order for LNG dual-fuel LR2 tankers at China's Guangzhou Shipyard International. It is...
Integrity Bulk founder to take over at Lauritzen Bulkers Evgang will take over from Niels Josefsen, who was made chief executive when J. Lauritzen split its bulk and tanker...
Taiwan's U-Ming 'cautiously optimistic' on China's economy, targets fleet expansion with over 100 ships In addition to fleet expansion, the bulk shipping specialist plans to enter LNG transportation and offshore wind service
Six good ideas for green shipping from Posidonia No, there are no silver bullets or e-fuels on tap. But here are six ideas courtesy of the Baltic Risk...
Absence of green fuel guidance leaves Greek owners in state of flux Posidonia forum suggests Greek owners have little appetite to hedge bets on alternatives fuels amid so much uncertainty, continuing instead...
Danaos bulker banned from Australian ports for watertight failures The Australian Maritime Safety Authority said the state of the bulk carrier represented a 'very real and unacceptable risk' to...
FuelEU: How much stardust can your engine burn? The EU ETS is last year's news. FuelEU will be harder to work out and questions including 'what is a...
Daily Briefing Posidonia preaches pragmatism in the absence of a green premium | Houthi Red Sea horror recounted as missile shrapnel misses...
First look at the hellscape of a world without shipping World Maritime University team crunches the numbers to find that if the propellers stop turning, there would be a rapid...
SEKO reinstated to US duty-free program, but still pursuing action against CBP The forwarder says it has been "conditionally" restored to CBP's so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.
China's ports still lead performance rankings, while India's move higher: CPPI The fourth edition of the Container Port Performance Index shows some changes in the annual list's middle tier as ports improve and new entrants make their mark.
US LTL providers adding trucks as they build out terminals Earnings records show several big LTL carriers are expanding their tractor and trailer fleets in the post-Yellow market to keep pace with terminal expansion.
Container market turn could keep capacity tight until October The strength of bookings over the past month has surprised container lines executives, even when factoring some front-loading and replenishing inventories that are back to pre-pandemic levels, writes Journal of Commerce Executive Editor Mark Szakonyi.
'Highest bidder' winning on Asia-Europe ocean trade as space, equipment shortages deepen European importers are facing pandemic-era port congestion and soaring rate levels, with only the resumption of regular vessel transits through the Red Sea likely to address the growing supply chain disruption.
Marinakis meets Chinese yard CSSC to celebrate order for dual-fuel VLCC sextet Capital Maritime founder is one of few Greek owners to extensively invest in dual-fuel technology
Guangzhou Shipyard inks $465m worth of product tanker contracts in Athens Chinese yard seals four-ship deal with Eastern Pacific and another pair with Vietnam's Asia Pacific Shipping
Wilhelmsen and RoundFort Capital unveil 'ground-breaking' funding model for port and canal fees Partners believe new service could free hundreds of millions of dollars of working capital
Vopak eyes Asian advantage with new $1.35bn Canadian LPG terminal Dutch group takes final investment decision on 'large-scale' facility
Trader Mercuria extends newbuilding push with product tanker pair Order is the trader's second new vessel contract this year
Solstad Offshore offering minority shareholders a way out after share issue Company will launch offer to mop up small holdings in shipowning entity Solstad Maritime
Obstacles 'lurk beneath the surface' for LNG market, says importers association Global trade inched forward in 2023 as fleet closes on 800-vessel mark
Notorious Russian oil transfer hotspot nixed for a further six weeks Greek Navy exercises in Laconian Gulf extended to July in blow to illicit ship-to-ship transfers
Greek STS-spot shutdown takes more permanent character with long extension Navy exercises in Laconian Gulf extended for six weeks at notorious former ship-to-ship (STS) hotspot
Beware of excessive optimism, Evangelos Marinakis warns Posidonia Bosses tell TradeWinds Shipowners Forum to be on the lookout for 'black swan' events that could derail tanker boom
Sharp increase in seafarer fatalities from enclosed space 'death traps' InterManager calls for fundamental rethink of regulations and practices while working in enclosed spaces
AP Moller-Maersk team advances new design of ammonia-fuelled container ship Approval in principle granted by ABS and Lloyd's Register for Maersk Mc-Kinney Moller Center-led project
Price pressure pushing shipowners back to conventional fuelled newbuildings Top bankers say shipowners are being put off paying up for next-generation fuel options
New ship recycling yards planned for Brazil and Egypt Private and state projects will boost demolition capacity
Charterers put on the spot over lack of support for green shipping Ship owners from different corners of the world agree at TradeWinds Forum that they do not get enough green support from clients
One phone call, 40 face-to-face meetings and a denial: How the Adnoc-Navig8 deal got done Principals of Navig8 Group and Adnoc L&S meet privately with TradeWinds to detail the deal that shook Posidonia
Fearnleys $1bn project finance portfolio buoyed by four new shipping deals New projects in 2024 include five vessels
Adnoc L&S chief explains Navig8 mega-deal stealing the show at Posidonia Captain Abdulkareem Al Masabi says $1.5bn swoop fits multiple strategic needs
'Active partner': Swedbank sets first climate target for shipping portfolio Swedish lender's move follows earlier decision to join Poseidon Principles
'Chase your passion': Angeliki Frangou discusses diversity and diversification Navios chief executive opens up in one-on-one live interview at Posidonia
Lauritzen Bulkers brings in Integrity Bulk boss Martin Egvang as new CEO Experienced dry cargo executive replacing Niels Josefsen, who resigned in April
Rising shadow tanker 'concerns' ignite calls to thwart future dark fleets Senior IMO policymaker among shipping luminaries worried by growth and risks posed by parallel fleet
Aanensen family's Hagland Shipping orders quartet of methanol-ready bulkers Norwegian group says eco vessels will cut CO2 emissions by up to 50%
Shipowners have splashed less than half of their record cash haul on newbuildings, Steve Gordon says Clarksons Research chief says the good times are rolling out very differently in terms of investment compared to previous boom
Houthi ship attacks could continue even after fighting ends in Gaza, warns WTW Insurance services firm says missile strikes might persist as a symbolic gesture in support of Palestinians
Tanker master prevented from leaving Sri Lanka in spill probe Indian captain of Ark Prestige must remain in country for a month
Navig8 sale adds extra fizz to Posidonia parties as Greek shipping puts on a show Talk of $1.5bn swoop is a major topic of pool-side chats at the Athens shipping gathering
Shell advances talks with two shipyards on hybrid LNG carrier design Major is talking specifications, pricing and slots for its next fix of up to six newbuildings
Retrofits shift into sharp focus as owners get to grips with future fuels WinGD CEO Dominik Schneiter reflects on how much can change in a year
Hafnia boss Mikael Skov converts options into shares worth $6.4m Danish executive exercises stock awarded under long-term incentive scheme in 2022
'Tremendous' increase: Tanker orderbook has doubled in a year, Greek shipbroker says Xclusiv Shipbrokers reveals continual contracting is changing the balance between existing vessels and those yet to come
'Focus is the key' for Greek dry cargo chartering broker Vassilis Diamantidis Greece is coming into its own in a market that used to be dominated by foreign players
Tsakos ship sale count hits 13, as Greek owner confirms aframax and LNG deals Owner has raised about $400m from sales since early 2023, all reinvested in younger tonnage
Safe Bulkers adds to kamsarmax newbuildings in Japan Bulker owner says 85% of its fleet has been built at Japanese yards
SITA looking to replicate air industry success in the maritime industry SITA moves into maritime with its new brand, SmartSea. CEO Julian Panter gives an inside look at why he believes SmartSea's model should be an industry standard.
Watchdog sees reverse logistics potential for Postal Service The size of the U.S. Postal Service network could allow the agency to take e-commerce market share from UPS and FedEx.
Air Transport Services Group promotes Berger to CEO ATSG has shuffled CEOs for the third time in seven months and named a new president.
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