New DIA report details effects of Houthi attacks on international trade The U.S. Defense Intelligence Agency (DIA) has released a new report detailing how Houthi maritime attacks have affected international trade and are supported by an expansion of military capabilities with help from
DOF Group in $1.1 billion agreement to acquire (most of) Maersk Supply Goodbye Maersk Supply, hello Maersk Offshore Wind ... and a bigger DOF Group fleet. Maersk Supply Service, which is a subsidiary of A.P. Moller Holding, announced on Tuesday that it is forming
Kongsberg introduces new underwater mountable thruster with permanent magnet motor Kongsberg Maritime has added a new size of underwater mountable thruster, with a 3.7-meter propeller and 4.2 MW power output , to its range. Suited to a range of vessels including drill
Mondiale VGL acquires Interunion to expand Southeast Asia operations Mondiale VGL, one of Oceania's leading privately owned sea freight forwarders, announced the acquisition of Interunion, a provider of air, sea, and land transportation, warehousing, logistics, and domestic transportation in Southeast Asia. Before this acquisition, Mondiale VGL already had a stake in Interunion and the two companies have been partners since 2012. This acquisition represents a natu
Bangladesh eyes Indian ports for external trade Bangladesh now wants to use Indian ports for its external trade with third countries. In this regard, Bangladesh wants to use ports on the Indian east coast which have better water draught and mother vessels can dock there. In the next week. a Bangladeshi team comprising port experts, trade experts, exporters and importers, and shipping ministry officials will visit Indian ports, such as the port
Port of NY/NJ sees container surge in May For the third month in a row, total volume at the Port of New York and New Jersey exceeded 700,000 TEUs, but that's not the only notable achievement. In May, the port also climbed to the top spot in the United States for both total TEUs and total loaded TEUs. May's total volume reached 790,758 TEUs, marking a 16.9% increase from the 676,311 TEUs recorded in the same month in 2023. This double-dig
US East Coast strike risk could mean more spikes in freight rates There is a real risk of labour disruptions in US East Coast ports, given the breakdown in negotiations between the union and the terminals in June, according to Baltic Exchange's latest container shipping report. Writing in the report, Vespucci Maritime CEO Lars Jensen said any strike in US East Coast ports will dramatically worsen the global supply/demand dynamics as it will create significant p
ONE revamps Korea-China-Straits 2 service Ocean Network Express (ONE) announced the enhancement of the KCS2 (Korea-China-Straits 2) service. The effective vessel will be KMTC DALIAN, Voy 2407S, estimated to arrive at Pusan, South Korea, on 4 July. The updated port rotation will be as follows: PUSAN, South Korea > INCHEON, South Korea > QINGDAO, China > SHANGHAI, China > SINGAPORE > PORT KLANG, Malaysia > CAT LAI, Vietnam > SHEKOU, China
Kuehne+Nagel appoints new managing director for India, Sri Lanka and Maldives Kuehne+Nagel, a global leader in logistics, has appointed Anish Kumar Jha as the Managing Director for India, Sri Lanka, and the Maldives. With over two decades of dedicated service to the company, Anish Kumar Jha brings extensive experience and expertise to his new role. "I am truly honoured to lead the Kuehne+Nagel teams in India, Sri Lanka, and the Maldives. I am confident in our ability to dr
Reimagining Nature: Animals Displayed in Front of Shipping Containers Welcome to a unique visual journey where the mundane meets the extraordinary! In this series of four photos, shipping containers-symbols of global trade and industrial functionality-are transformed into captivating showcases for the natural world. Leveraging the power of Artificial Intelligence, each image brings to life an imaginative display where animals, both familiar and exotic, are elegantl
Global schedule reliability reaches year-to-date peak in May Global schedule reliability improved by 3.8 percentage points month-over-month in May 2024, reaching a year-to-date high of 55.8%. However, year-over-year, schedule reliability decreased by 11 percentage points, a trend observed across trade lanes, with 29 lanes showing a decline. Among the few trade lanes that recorded an improvement, the Asia to North America West Coast (NAWC) route saw the mos
PIL launches first direct service connecting South China and Calcutta Pacific International Lines (PIL) announced the launch of China Calcutta Service (CCS), the first direct link between South China and Calcutta (or Kolkata) in the market. This weekly service commenced on 2 July 2024 from Xiamen. "PIL is pleased to be a pioneer in offering a direct China to Calcutta service, supporting the high growth and trade in these two economies," stated Surendran Mathilagath
Samskip and Matrans unveil new terminal in Rotterdam Samskip and Matrans Rotterdam Terminal announced the launch of their new terminal and future hub in Rotterdam, marking a significant milestone in their partnership and commitment to sustainability and reliable service. "We feel proud to take this meaningful step towards the future with a terminal that is sustainable by design and that will serve as an integrated hub in Rotterdam. This new termina
Comprehensive Guide to Shipping from China to the USA Container shipping from China to USA is a critical component for many businesses due to the volume of trade between the two countries. Understanding the various shipping methods, costs, timelines, and procedures is essential for efficient and cost-effective operations. This guide aims to provide a detailed overview of these elements to help businesses navigate the complexities of international sh
Louis Dreyfus Armateurs orders CTV pair from Strategic Marine French family-owned shipowner Louis Dreyfus Armateurs (LDA) has ordered a pair of newly built 27-meter crew transfer vessels (CTVs) from Singapore-based Strategic Marine. This order will expand its fleet from five to seven such vessels. These additional new units will be sister ships to the Acti'Vent and Esti'Vent CTVs. The new vessels will be of ...
ASP Ships names new chief executive for Asia Australia's ASP Ships has appointed Christian Riis as its new chief executive officer of Asia. Riis joins the Melbourne-headquartered shipmanagement and services firm from Rio Tinto where he led the mining giant's marine safety & welfare strategy and execution. ASP said Riis, who will head up the business in Singapore, is poised to lead the ...
CDB eyes ship leasing business sale China Development Bank (CDB) has confirmed that it is evaluating options for its ship leasing business, including a possible sale. The Hong Kong-listed CDB Leasing said in a filing that its controlling shareholder is assessing business operations, including a potential share transfer. According to local media, CDB, which holds a 64.4% stake in the ship ...
TB Marine orders chemical tankers in China German owner TB Marine has contracted up to eight chemical tankers at Ningbo Xinle Shipbuilding in China. The Hamburg-headquartered outfit will see our firm 22,000 dwt IMO type II vessels delivered in 2027 for an undisclosed price. The company, founded in 2005 by Steffen Thate and Stephan Bracker, has four optional newbuilds attached to the ...
Seacon fixes leaseback deals for bulker newbuilds China's Seacon Shipping has secured financing for a pair of handysize bulk carriers under construction in Japan. The Qingdao-based diversified owner and operator has agreed a $63.4m sale and leaseback deal with Suyin Financial Leasing, which is controlled by Shanghai-listed Bank of Jiangsu. The deal covers 42,200 dwt vessels Seacon ordered at Tsuneishi Shipbuilding in ...
Berlin bans sale of MAN's gas turbine business to China Berlin has banned the sale of MAN Energy Solutions' gas turbine business to a Chinese shipbuilding business. The sale to state-run CSIC Longjiang Guanghan Gas Turbine, announced on June 20, has spurred the German government to use the Foreign Trade and Payments Act whereby it can prohibit sales to non-EU countries. MAN has yet to ...
CSBC and DEME joint venture gets new chief executive CSBC-DEME Wind Engineering (CDWE), a joint venture between Taiwanese shipbuilder CSBC Corporation and DEME Offshore from Belgium, has chosen a new chief executive officer. The company said via its social media channels that it picked Javier Magro as its new chief executive officer. He will be replacing the company's current CEO Marco Kanaar who will ...
Technip Energies spearheads floating wind R&D program French-based engineering company Technip Energies and several partners will be undertaking a research and development program aimed at accelerating industrial-scale development of floating wind. The company will be leading the so-called PAREF project in partnership with Université Gustave Eiffel, Valeco, and the OPEN-C Foundation. This project is funded by the French State as part of ...
European Commission approves $11bn in support for French offshore wind The European Commission has approved a €10.82bn ($11.67bn) scheme to support the deployment of offshore wind energy in France. The scheme was approved under the State Aid Temporary Crisis and Transition Framework (TCTF) and will run for 20 years. The TCTF was established in 2023 to foster support measures in sectors which are key for ...
Winning bulks up with six VLOC newbuilds at Hengli Heavy Singapore-based Chinese capesize specialist Winning International Group has moved to further bolster its West Africa to China seaborne trade with an order for six very large ore carriers (VLOCs) worth nearly $700m. Following the order for two VLOCs at CSSC yard Qingdao Beihai Shipbuilding last September, Winning has booked the sextet at Hengli Heavy Industry, ...
Suezmaxes and VLCCs increasingly taking clean cargoes Tanker owners are switching to the clean trades which are experiencing multi-year highs thanks to the Red Sea shipping crisis. A total of 25 suezmax/LR3s and two VLCCs are currently carrying clean petroleum products (CPP) or have carried CPP as their latest cargo, according to Vortexa. Braemar estimates that another 12 suezmaxes and five VLCCs ...
Maersk Supply boss Ingerslev to step down as AP Moller retains eight ships after DOF sale Fourth-quarter exit likely as $1.1bn transaction is completed
E&S Tankers appoints new managing director as Jan Eghoej heads for the exit Shipowner aims to remain market leader in European shortsea market
Eidesvik Offshore wins 'milestone' approval for ammonia clean fuel system Norwegian Maritime Authority confirms feasibility of pioneering design for the Viking Energy
Hapag-Lloyd opens door to newbuildings as boss shrugs off fears of order surge Rolf Habben Jansen is not worried about another newbuilding spree as momentum builds
Body of seafarer found with rope around his neck on Pacific Basin bulker Filipino report says family unwilling to consider death of Gerfe Cadelina a suicide
NYK-backed car carrier aims to slash carbon emissions using waste fuel Green Gas Month will see car carrier owner cut 8,000 tonnes of CO2
Idan Ofer inks $2.45bn container ship series as Eastern Pacific newbuilding tally tops 100 Singapore-based company has ordered up to a dozen LNG dual-fuel vessels against charter contracts
Maersk Tankers extends VLAC haul to 10 ships worth over $1.1bn Shipowner declares final two optional vessels in South Korea
Shipbroker Braemar 'disappointed' as former employees join pay revolt London shop says ex-staffers did not show up to AGM and have not made reasons for opposition clear
Maersk Tankers extends VLAC haul to 10 ships worth $1.1bn Shipowner declares final two optional vessels in South Korea
Mikael Skov rakes in over $8m after cashing in Hafnia stock Chief executive had some share awards pulled forward
DOF boss Mons Aase builds stake worth $7m as part of Maersk Supply takeover Chairman Svein Harald Oygard also adds to holding as John Fredriksen lends some of his shares
Agricore Shipping tied to fourth capesize bulker swoop this year Qingdao-based player is identified as the new owner of a Nissen Kaiun-owned ship
Nuclear energy could be as transformational to shipping as shift from sail to steam, says LR Class society says technology could be as transformational as the shift from sail to steam
'Significant threat': Pollution kit appeal for bulker sunk by two Houthi missiles Rubymar was the first of two ships sunk during months of attacks by the rebel group
Russia thwarts sea drone attack on key tanker port and home to its Black Sea naval fleet Reports says shipping operating as normal after incident on Wednesday
Winning International strikes for six giant ore carriers in pivot to newbuildings Owner is targeting delivery of methanol-ready bulkers in 2026 and 2027
Abandoned tanker believed to have sunk off coast of Yemen Naval and security sources said the Lavant has disappeared after taking on water last month
Big names and big drama come to offshore as sector emerges from the wilderness Corporate divorces, legal battles and billions changing hands after a decade-long downturn
Tristar Eships pours cold water on reports it has sold a supramax bulker Chief executive Tim Coffin says Tristar Prosperity has not left the fleet
China Development Bank confirms it may seek to offload ship leasing arm Shares in Hong Kong-listed company resume trading after parent company says no decision has been taken over its future
About 90% of Singapore container ship arrivals are off schedule, says government Transport minister says Red Sea crisis is unlikely to ease any time soon and things may get worse before they get better
Rio Tinto's Christian Riis joins ship manager ASP as new chief executive for Asia Australian ship manager wants industry veteran to lead it through its next phase of growth and development
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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