Rail-mounted gantry cranes at center of port labor talks impasse As we've noted before, not all is going smoothly in the negotiations between U.S. East and Gulf Coast port employers, represented by USMX, and the ILA union. Both sides are bargaining as
BOEM gives Maryland Offshore Wind the go ahead The Bureau of Ocean Energy Management (BOEM) yesterday announced its approval of the Construction and Operations Plan for US Wind's Maryland Offshore Wind project. This is the final approval needed for the
HII to acquire W International assets HII eports that it has entered into a definitive agreement to acquire substantially all of the assets of W International SC, LLC and Vivid Empire SC, LLC (collectively "W International"), a South
COSCO SHIPPING achieves milestone with first methanol refuelling On 30 November, CHIMBUSCO Jiangsu reached a significant milestone by successfully refuelling the new 1,300 TEU dual-fuel methanol-powered container ship, NCL VESTLAND, with 79.5 tons of methanol at Sanfu Shipbuilding in Taizhou, China. This operation marked the company's first onshore marine methanol fuel supply. The mobile methanol filling skid, developed in collaboration with COSCO (Lianyungang
Maersk revises Far East - Middle East peak season surcharge Danish ocean carrier Maersk has announced the revision of the peak season surcharge (PSS) from Far East Asia to Middle East. The following updated surcharge will be effective from 19 December until further notice. Origin Destination Currency All 20 Containers All 40 Containers Brunei, China, Hong Kong China, Vietnam, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, Philippines, S
Port of Rotterdam tackles road transport challenges The Port of Rotterdam is addressing significant challenges and opportunities associated with the anticipated increase in container volumes, particularly in managing road transport efficiently. Key stakeholders have committed to collaborating through a "sector-wide negotiations for container transport by road" initiative. This collaborative effort focuses on tackling issues to enhance traffic flow
Scandinavian ports reaffirm commitment to robust collaboration A seminar at the Finnish Institute in Stockholm served as a platform to emphasize the strong ties between Finland and Sweden, rooted in shared values, culture, and trade. These connections result in millions of passengers and tons of goods being transported annually across the Baltic Sea. Twice a year, the Ports of Stockholm organizes a maritime meeting to address key industry issues. This event,
The Future of Maritime Careers. Trends and Opportunities Over many centuries of trade by sea, it has grown into an entire shipping industry that has become the heart of global trade. It has provided and continues to provide jobs for millions of people. Thus, contributing to economic development. However, in today's world with its rapid technological progress and environmental challenges, this industry, like others, is changing dramatically. Professions
Port of Riga to receive over US$65 million for infrastructure development On 26 November, Latvia's Cabinet of Ministers approved a €64.5 million (around US$67 million) investment to develop the Freeport of Riga's infrastructure, aiming to bolster offshore wind technology production in Latvia-a critical element for the European Union's (EU's) supply chain. This initiative will establish a green industrial zone within the Freeport, enabling businesses to set up facilitie
KEZAD Group, Siemens partner to boost Abu Dhabi industrial capabilities Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the region's largest operator of integrated economic zones, and Siemens, a global leader in technology across industries, infrastructure, transport, and healthcare, have signed a framework agreement to collaborate on enhancing industrial capabilities within KEZAD. Under this partnership, Siemens will: Conduct Industry 4.0 and Technology Transformati
ONE announces new agent in Vanuatu Ocean Network Express (ONE) announced that starting 1 January 2025, South Pacific Shipping (Vanuatu) will serve as its exclusive representative in Vanuatu. To ensure a smooth transition, ONE's current agency will continue to provide services through the end of 2024. ONE has published the following details of the new agency: South Pacific Shipping (Vanuatu) Ltd. Tel: +678 22242 Group Email: one@sp
Punta Arenas: Chile's Potential Key for Expanding Shipping Operations As conflicts disrupt crucial maritime routes in the Middle East and Europe, ports even on the fringes of Latin America draw attention from shipping stakeholders who see rising opportunities. A prime example is Chile which aims to position itself as a key maritime hub. However, the country could face potential challenges with the upcoming opening of Peru's Chancay terminal, supported by Chinese fi
SRSA, National Center for Environmental Compliance join forces to protect Red Sea ecosystem The Saudi Red Sea Authority (SRSA) has entered into a Memorandum of Understanding (MoU) with the National Center for Environmental Compliance to bolster efforts in protecting the marine environment, curbing pollution, and streamlining environmental permit issuance within Saudi Arabia's Red Sea region. The agreement also aims to promote sustainable development and support coastal tourism in the ar
CMA CGM, Maersk and COSCO vie for Transpacific dominance CMA CGM, Maersk, and COSCO Shipping Lines are competing for the market lead in the Transpacific trade, according to Alphaliner. CMA CGM has regained the position of market leader from Maersk, which was number one in November 2023. At the time, the Danish carrier had several extra loader services deployed in the trade. Maersk's market share is now slightly lower at 13.1%, while its French competit
Konecranes completes acquisition of Peinemann Port Services and Container Handling businesses Finnish port equipment manufacturer Konecranes has closed its acquisition of Rotterdam-based Peinemann Port Services BV and Peinemann Container Handling BV, after receiving the green light from the Dutch competition authority. Peinemann is a port services provider in the Netherlands with a wide customer base, and it has long-term maintenance relationships with several of Konecranes' customers. Pe
Shadow fleets and potential impact on container shipping Shadow fleets can act as strategic assets for states looking to bypass sanctions and sustain access to international markets, thereby exerting economic and political influence despite global pressures. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News.
San Antonio Terminal Internacional concession extended to 2030 Empresa Portuaria San Antonio (EPSA) has reported a Material Event to the Financial Market Commission (CMF), announcing that San Antonio Terminal Internacional (STI) has fulfilled the investment commitments outlined in 2020. Consequently, the concession for the Chilean terminal has been extended until 1 January 2030-marking its second extension since the original agreement. "In recent years we ha
Top 5 Routes to Explore UAE in a Car from Luxury Rentals Renting a vehicle in the UAE not only offers ease but also the best approach to improve your travel with unmatched luxury and elegance. Offering a large fleet of premium automobiles to fit any travel demand, Brooklands Rent is one of the best options for luxury car rental Dubai . From beautiful sedans to aggressive SUVs and slick sports vehicles, Brooklands Rent guarantees that your driving exper
Enap and SAAM unveil Latin America's first electric tug Latin America's first electric tug has been launched at the Sanmar shipyard in Tuzla Bay, Istanbul. The vessel is set to arrive in Chile under a service agreement signed in January between Empresa Nacional del Petróleo (Enap) and SAAM. This milestone highlights the commitment of both companies to the energy transition, as the tug's electric propulsion system eliminates greenhouse gas emissions an
Jinhui continues fleet renewal push with ultramax buy Chinese bulker owner and operator Jinhui Shipping and Transportation has returned to the secondhand market for another ultramax in its latest fleet renewal move. The Oslo- and Hong Kong-listed company has picked up the 2017-built Great Century from CMB Financial Leasing in a deal worth $24.52m. In November, broking sources linked the COSCO KHI Ship ...
AKOFS Offshore gets $300m extension for well intervention vessel Norwegian energy giant Equinor has exercised a three-year option for one of AKOFS Offshore's well intervention vessels. Equinor awarded the extension to the vessel AKOFS Seafarer. The option period is estimated to begin in the late fourth quarter of 2025 after the vessel has completed its customary special periodic survey and in direct continuation of ...
PV Drilling expanding jackup rig fleet amid growing demand Petrovietnam Drilling and Well Service Corporation (PV Drilling) has revealed that it would be investing in a three-leg multi-purpose jackup rig, expected to begin operations in the fourth quarter of 2025. Due to a growing demand for jackup rigs, PV Drilling decided to go for a used rig built according to the standard design of ...
NYK gets stamp of approval for new long-distance cable layer design Nippon Yusen Kaisha (NYK) has been given approval in principle from the Japanese classification society ClassNK for the design of a new cable-laying vessel. According to NYK, the vessel is suitable for the construction of a long-distance subsea direct current transmission network in Japan. Since certain locations for wind-power generation in Japan, such as Hokkaido, ...
Performance Shipping pens aframax charter with Exxon subsidiary Greece's Performance Shipping has entered into a time charter contract with ExxonMobil subsidiary SeaRiver Maritime for one of its LR2 aframax tankers. The deal will see the 2010-built, 105,304 dwt tanker P. Aliki work for Sea River Maritime for seven months. The charterer has the option to shorten or extend the deal by 15 days. The ...
Aviation firm sheds offshore vessel duo for $143m FTAI Aviation, a company specialising in power solutions for aircraft engines, has sold its offshore energy vessels to an undisclosed buyer for a sum of approximately $143m. The sale of the Pioneer and Pride vessels is part of the company's shift to concentrate on its core business operations, specifically the aftermarket needs of the CFM56 ...
Bangladesh's Meghna moves for Zodiac ultramax Meghna Group, one of the largest Bangladeshi conglomerates, and its shipping arm, Mercantile Shipping Lines, have emerged as the taker of a five-year-old ultramax sold by Eyal Ofer-led Zodiac Maritime, tabling close to $33m for the five-year-old, 63,400 dwt Beechgate. The ship has been renamed Meghna Legacy and is the fourth modern Japanese-built ultramax added ...
VLCCs on notice as US crackdown on Iranian shipping steps up a gear The US imposed sanctions yesterday on 35 entities and vessels accused of transporting illicit Iranian petroleum to foreign markets in a curtain raiser to potentially a far stricter attitude towards Iran come next month. One ship in particular singled out by the US has made headlines - the Ceres 1, a VLCC with a history ...
Nexans bags cabling deal for UK offshore wind project French cabling specialist Nexans has been awarded a contract by Iberdrola subsidiary ScottishPower Renewables for the East Anglia Two offshore wind project. The East Anglia Two offshore wind farm, located approximately 33 km from the Suffolk coast in the southern North Sea, will have an installed capacity of up to 960MW which is enough to ...
Evalend back for more Yangzijiang product tankers Greece's Evalend Shipping has lifted its orderbook for product carriers with a fresh order in China. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the deal at Yangzijiang Shipbuilding for an MR1 quartet. The 39,000 dwt units, worth $43m each, will add to the Athens-based company's similar-sized tankers booked at Hyundai Mipo ...
McDermott scoops Repsol contract off Mexico McDermott has secured a front-end engineering design contract from Repsol for the Polok and Chinwol field development project in Mexican waters of the Gulf of Mexico. The Houston-based offshore contractor said its project scope would cover FEED services for the project's engineering, procurement, construction, and installation of subsea, umbilicals, risers, and flowlines. "Our extensive experienc
Troubled wind project off Maryland clears final permitting hurdle The US Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan for the Maryland Offshore Wind project. This is the final approval needed for the project from the authority following the record of decision in September 2024. The Maryland Offshore Wind Project - located approximately 16 km offshore Maryland and Sussex ...
CMA CGM regains market leader position on the transpacific CMA CGM has overhauled Maersk to become the largest carrier on the transpacific. Citing data from a survey carried throughout November, Alphaliner has tallied Maersk's transpacific market share, which is now slightly lower than the same month in 2023 at 13.1%, while its French competitor has 13.2%. COSCO follows a close third with 12.9% (see ...
Ships calling India must have CCTV systems installed India has mandated all ships calling at its ports must have CCTV systems installed by next October. The directorate general of shipping cited both health and safety concerns as well as security interests for its reasons for the new ruling. The CCTV system installed on the ships should ensure comprehensive coverage of all access points, ...
Operators of Chile's largest port see contract extended through to 2030 The operators of San Antonio Terminal Internacional (STI), Chile's largest container terminal, have had their contract extended by five years through to 2030, in a deal that sees the port expand its box handling capacity by 30% to 1.6m teu a year. "In recent years we have implemented an intensive capex plan, investing $66m, of ...
Too late for frontloading as clock ticks down to next US port strike Terminal employers and the US east and Gulf Coast dockworkers union remain at loggerheads over port automation. For importers depending...
GSL confirms boxship quartet acquisition New York-listed Greek containership lessor Global Ship Lease has confirmed the acquisition of a 9,115 teu boxship quartet
Fleetscape Capital to be integrated into Idan Ofer's new ship-leasing arm Idan Ofer's holding company Quantum Pacific has set up Dynamis Capital in Singapore to own former Fleetscape fleet of some...
Vafias sees chance of prolonged tanker upcycle Nasdaq-listed Imperial Petroleum stays strong despite 'unexciting' market in third quarter
IMO recognises seafarers for sea rescues IMO has recognised ships that help rescue migrants as it laments 'humanitarian tragedy' of lives lost at sea
Iranian oil keeps flowing ahead of expected return to 'maximum pressure' Despite a substantial tightening of sanctions this year, Iran's oil exports are headed to their highest levels since prohibitions were...
Top 10 shipmanagers 2024 Shipmanagers are adjusting to a more complex industry by bringing new emissions and optimisation tech to market, investing in training...
ETS difficulties persist nearly one year on The EU Emissions Trading System is causing headaches almost a year since its expansion to shipping, with technical and legal...
Top 10 classification societies 2024 Rina's Roberto Cazzulo took over chairmanship of the International Association of Classification Societies in January 2024, after two and a...
UK Defence Club offsets price hike with cashback Marine mutual highlights increased charges from UK shipping law firms
Hapag-Lloyd-owned SAAM Terminals gets San Antonio concession extension SAAM said its joint venture with SSA Marine, STI, met the investment conditions agreed in 2020 and therefore the Port...
Insuring the maritime sector's voyage to net zero Insurers have a crucial role to play in directing shipowners away from fossil fuels
Ratings agency upgrades London Club Move reflects steps taken to improve capital position, says Bean
CMA CGM to help develop Saudi freight and logistics CMA CGM signed an MOU with the Saudi transport and investment ministries to develop port and logistics projects during a...
Crude tanker and one of world's biggest boxships collide Moundreas-owned crude tanker Gloria Maris and HMM-owned boxship were both damaged in the incident, but are now in the Bay...
Dry bulk market faces slowdown in 2025 Uncertainties, such as the Russia-Ukraine war may ease, though trade wars could still disrupt markets
Maersk, CMA CGM and Cosco vie for transpacific supremacy The Danish, French and Chinese carriers held the top three spots on this trade route as of November, each with...
Daily Briefing Shipping should return to the Red Sea, argues EU naval commander | Dark fleet VLCC Ceres I sanctioned as US...
The Daily View: No magic wand Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Reefer supply tightening amid surging US imports An influx of seafood shipments, combined with several other market factors, is leaving US importers of refrigerated products from Asia scrambling for reefer equipment.
US LTL volumes mostly falling in fourth quarter, as market realigns Daily shipment counts decreased at most large LTL providers early in the quarter as freight demand slowed and carriers remained choosy about what they haul.
Europe rolls out its advance cargo filing ICS2 program The regulation is designed to enhance security across global supply chains and brings the EU in line with other major exporting countries.
ILA targets rail-mounted gantry cranes amid impasse in port labor talks The union representing 45,000 longshore workers along the East and Gulf coasts is seeking to block technology that management says is critical for land-constrained ports to handle larger ships.
MOL switches fuel choice as it inks order for newcastlemax bulker quartet Deal raises Japanese shipping giant's dual-fuel newcastlemax newbuilding tally to 14 vessels
Wallenius Wilhelmsen's ARC swaps in newer ship to US Maritime Security Program Ro-ro Endurance to remain under US flag and serve the military
Lawyers battle over which firm represents Eletson in New York courts Add legal representation to the long laundry list of things on which Eletson and Murchinson can't agree
PTT and BP fixtures help pull VLCC rates to three-month low Average Baltic Exchange spot rate falls 25% since November spike
Investors sell while Hanssons buy: Family tightens grip on Nordic American Tankers Alexander Hansson's stake in the business has grown to 3.6m shares, while chief executive Herbjorn also boosts stake
MAN ES defends troubled engine type after LNG carrier owner switches to rival Task of solving problems was made bigger due to huge sales volumes, two-stroke boss says
Global Ship Lease secures 10-year financing deal for neo-panamax container ship series Tonnage provider forks out $274m for four 9,115-teu vessels with charters
Capesize rates take a hammering as Baltic benchmark drops like a stone Analysts say long list of empty ships weighing on the market, with all sectors hitting year-lows
Kjell Inge Rokke company pushes up Equinor vessel charter to $274,000 per day Akofs Seafarer will stay on with oil major until the end of 2028
Ray of light for tankers as latest US sanctions crackdown wipes out 2025 VLCC newbuilding deliveries Only five VLCCs were set to hit the water next year, Fearnleys says, while 10 were blacklisted
Capesize S&P deals clicking into gear as 'prices continue to drop' Mid-aged tonnage changes hands despite some believing prices remain too high
US fund exits shipowning with $143m sale of multipurpose offshore vessels New York-listed FTAI divests last ships to focus on aviation
Lightship Chartering raids rivals as it launches specialised derivatives venture Move is a step into an area that will see tremendous growth in the years to come, Morten Have says
Iran to replace Russia as Donald Trump shifts glare of US sanctions spotlight, warns American Club American Club says Venezuela and Iran are likely to be focus of new administration
Jinhui Shipping buys ultramax bulker for $24.5m in fleet renewal move New purchase will be youngest vessel in the fleet
Ambrey hires new boss from Inchcape as founder Chris Charnley hands over reins Maritime security and intelligence company prepares for next growth phase
Sanctioned aframax tanker swerves English Channel as it takes long route to Suez The Attica is heading around the north of Scotland after being targeted by the UK last month
German shipowner F Laeisz ties up entire container ship fleet with deepsea newcomer Chinese operator Hede takes fourth boxship for its fledgling transpacific service
John Fredriksen sells capesize from private fleet to extend run of bulker disposals One of the oldest bulkers belonging to the Norwegian tycoon is reportedly sold to South Korean interests
Investors sell while Hansson buys as family tightens grip on Nordic American Tankers Alexander Hansson's stake in the business has grown to 3.6m shares
Cargill to shed 8,000 jobs as falling commodity prices pressure business Redundancy programme will affect 5% of workers around the world
Frontline and Hoegh Autoliners are Norwegian retail investors' favourite shipping stocks MPC Container Ships most sold stock among Nordnet clients
Dark fleet VLCC that collided with Hafnia ship among 21 tankers newly sanctioned by the US Fourteen shipowners and managers blacklisted for exporting Tehran's crude
Blaze on car carrier forces 19-strong crew to abandon ship No pollution reported after incident involving the Malaysia Star
Moundreas crude tanker holed in collision with one of the world's biggest container ships Vessels detained by Spanish authorities as probe begins
Shock exit: Peter Twiss resigns from Enesel bulker platform Ex-Oldendorff CEO has departed just two months after new platform was unveiled
Performance Shipping fixes product tanker to ExxonMobil as spot rates rise Tanker will generate $6.6m over a minimum seven-month term
Green mission in peril as Teco 2030 hydrogen fuel cell plant files for bankruptcy Parent company of shipping power pioneer also facing a petition
George Economou's TMS Cardiff Gas talks resales with Sinokor Maritime on LNG carrier trio Will Greek owner buy and will South Korean owner sell?
FuelEU Maritime requirements will drive up a ship's resale price: DNV Costs incurred on emissions could be up to €650 per tonne of CO2
Eastern Pacific unwraps $1.5m festive bonus for Mercy Ships 'To the Moon' fundraiser marked a year of growth and achievements, says CEO Cyril Ducau
Chicago intermodal no longer a bridge too far for Indiana port A new four-lane bridge is a key piece of a logistics project aimed at making Burns Harbor a destination for international cargo.
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