FERRIES 2024: Leading the charge in electrifying Washington State Ferries Washington State Ferries (WSF), the largest ferry system in the U.S., is at the forefront of system-wide electrification. This summer, WSF advanced its electrification efforts by inviting shipyards from across the nation
MSC Cruises aims to slash emissions using new OptiCruise tool The world's third-largest cruise line, MSC Cruises, aims to cut its fleet's emissions by up to 15% in 2026 by using a new itinerary planning optimization tool called OptiCruise. In cooperation with
Echandia Marine opens new Washington State marine battery production facility In response to a rapidly increased demand in the U.S. maritime electrification sector, Swedish marine battery system pioneer Echandia Marine AB recently celebrated the grand opening of its new production facility in
White Paper: Regal Rexnord's Comprehensive Marine Powertrain Solutions for Above and Below Deck Members of the Regal Rexnord Marine Industrial Powertrain Solutions Team discusstheir innovative powertrain solutions for the marine industry. Download this white paper to learn about:
VIDEO: Conrad celebrates First of Class Recognition for YRBM-57 Conrad Shipyard recently held a First of Class Recognition ceremony for the U.S. Navy's YRBM-57 at its Amelia, La., shipyard. YRBM-57 is the first in a new class of yard, repair, berthing,
Q&A: 10 minutes with George Whittier, CEO, FMD Marine Log (ML): George, can you tell us more about how you got involved with the industry and FMD? George Whittier (GW): I started my career with Coltec Industries, which operated Fairbanks Morse
CMA CGM introduces PSS to USEC and US Gulf Coast French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for cargo from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the United States East Coast and US Gulf Coast. Effective from 1 September 2024, the surcharge will be US$1,000 per container. If you liked this post, please consider donating The post appeared first on Container News .
DHL and Central Airlines sign partnership agreement DHL Express has signed a Letter of Intent to enter into an Operating Agreement with Central Airlines (HLF / I9) to deploy two DHL B777 freighters. This marks the first collaboration between DHL Express and a local Chinese cargo airline. "The signing of the Letter of Intent is an important milestone for both parties in the process of establishing a partnership and is another important step for DHL
Shipment disrupted in Bangladesh as curfew enforced: PM resigns Garment and all factories remained closed Monday as the Bangladesh government reinforced curfew to calm down agitating students, as they had been heading towards Dhaka to oust the government. The factories will remain closed until further orders are issued. From depots in Chittagong, only a few hundred boxes could go to the port for shipment. As the internet connection was cut for some hours on M
Jawaharlal Nehru Port Authority achieves record box volumes in July Jawaharlal Nehru Port Authority (JNPA), India's major port, has reached a significant milestone in its history. In July 2024, JNPA handled an impressive 603,219 TEUs, the highest monthly container throughput ever recorded at the port, surpassing the previous record of 594,793 TEUs set in March 2024. This achievement represents a remarkable month-on-month growth of 16.39%, underscoring JNPA's pivo
CMA CGM applies new rates from Europe to US and Mexico CMA CGM has announced that starting from 1 September, a rate restoration initiative will be implemented for tariff or service contract rates for cargo from or via all North European ports, including North France, the United Kingdom, Ireland, Scandinavia, Poland, the Baltic, Portugal, and North Spain (Bilbao, Vigo, Gijon) and destined for the US East Coast, the US Gulf, Mexico, and all inland loca
Wallem Group and COSCO forge strategic partnership Wallem Group, a marine transport management company, announced the signing of a strategic cooperation deal with COSCO Shipping Seafarer Management Company to strengthen collaboration between the two organizations. Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem Group, signed the agreement on behalf of their companies. "We are ho
Panama Canal introduces new long-term slot allocation method The Panama Canal announced the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System. With this new measure, Panama Canal aims to increase transit certainty and flexibility for its clients. Currently, the slot offering in the Transit Booking System is done daily with an anticipation period before the required transit date. Through
Port of Tacoma adopts renewable diesel "R99" Since May, the Port of Tacoma has been using a renewable diesel known as R99-a fuel that can be used in any diesel engine without needing equipment upgrades. The "99" in R99 indicates that the fuel is 99% renewable. "You just make the choice today, put it in your tank, and you're on your way to reducing your carbon footprint," noted Laura Yellig, President and CEO of Petrocard, one of the largest
OneStop to implement container management solutions at Port of Newcastle OneStop, a supply chain optimisation solution provider, has entered a strategic partnership with the Port of Newcastle to transform the port's container freight operations. Starting from 5 August, the cutting-edge OneStop Modal and Vehicle Booking System (VBS) solutions will be implemented at the Australian port. OneStop's advanced solutions are expected to revolutionise the Port of Newcastle by
Inchcape Shipping Services opens new office in Phillipines Inchcape Shipping Services, a provider of port agencies and maritime solutions, announced the opening of its new office in Manila, Philippines. This expansion enhances the company's service capabilities across the Asia-Pacific region and reinforces Inchcape's global presence and commitment to exceptional service. The new Manila office will oversee operations at major Philippine ports such as Mani
MSC implements peak season surcharges from North Europe to Americas Due to strong demand from North Europe, including the United Kingdom and Scanbaltic, to the United States, Canada, Mexico, Puerto Rico and Bahamas, MSC has decided to introduce a Peak Season Surcharge (PSS) as follows: For the US, Puerto Rico and Bahamas ports of destination, the PSS will be charged at: US$800/20DV US$1,000/40DV-HC US$1,500/REEFER For Canada ports of destination, the PSS will be
Kuehne+Nagel announces new leadership in Japan Kuehne+Nagel, one of the largest freight forwarders in the world, has appointed Yutaka Matsuyoshi as the company's Managing Director for Japan, effective 1 August 2024. His predecessor, Cedric Dulong, will now focus on Kuehne+Nagel's Japan Development Program, which aims to enhance the country's role in international commerce. Yutaka Matsuyoshi brings 25 years of extensive experience in the suppl
Houthis assault another CMA CGM-operated ship A fire broke out on a container vessel operated by CMA CGM after it was hit by several Houthi missiles on 3 August. The 2002-built, 2,500 TEU vessel Groton had armed guards on board and is chartered from Greek owner Conbulk Shipmanagement. Groton was sailing from Jebel Ali to Djibouti at the time of the incident. This is the first attack on a ship in two weeks, occurring after Israel's alleged as
Carousel Logistics acquires Logik Logistics International Carousel Logistics, a part of the DANX Carousel Group, has acquired Logik Logistics International (Logik), a specialist in time-critical, scheduled, and 24/7 on-demand logistics solutions. "This acquisition not only expands our time-critical logistics capabilities but also strengthens our on-demand / ad-hoc service platform, enabling us to better serve our customers' needs," stated Lars Ryssel, M
SeaLead appoints new Managing Director for the United States UAE-based global shipping line SeaLead has announced the appointment of Mark Lee as Managing Director of SeaLead USA amid ongoing growth and expansion in the region. Mark Lee, who brings more than 28 years of experience in the shipping industry, including more than a decade in the US market will replace Cas Pouderoyen, who has stepped down from the position. Mark Lee began his career with Hanjin
CMA CGM applies port congestion surcharge in Gambia Due to the current congestion in Banjul, Gambia, French container carrier CMA CGM has announced a Port Congestion Surcharge (PCS). The surcharge will take effect on 15 August 2024 and 1 September 2024 for shipments from the United States and Latin American countries. The PCS will apply to cargo destined for Gambia. The surcharge will be US$500 / €460 / GB£385 per TEU. If you liked this post, plea
Adani Ports undercuts Colombo to boost hub prospects for Vizhinjam Port High port tariffs that have long proved to be a deterrent for container lines to open more direct calls on the Indian coast are becoming more competitive or cheaper. Buoyed by the initial carrier interest in making trial calls, Adani Ports and Special Economic Zone (APSEZ) has announced significantly attractive service rates at its new Vizhinjam Port. Vizhinjam, a green-field site located about 1
Golar LNG and BP agree new terms for FLNG Gimi Floating liquefied natural gas (FLNG) specialist Golar LNG and UK energy major BP, as operator of the Greater Tortue-Ahmeyim LNG project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date contractual cash flows. ...
Kent wins global commissioning services deal with Shell Energy giant Shell has awarded energy services group Kent a global three-year enterprise framework agreement. The contract is for the provision of commissioning and start-up services across various onshore and offshore projects as well as a wide range of energy sectors, including oil, gas, and new energy initiatives. Kent will support Shell's project portfolio with ...
Antong fixes out four boxships to Sinotrans Container Lines China's Antong Holdings has fixed out four boxships to compatriot Sinotrans Container Lines, a wholly-owned subsidiary of China Merchants Energy Shipping (CMES), for international trade. Of the four vessels, two - the 2018-built Renjian Fuzhou and the 2019-built Renjian Dalian - have a 2,444 teu capacity while the other two - the 2006-built Haisu 6 ...
China's Highton swoops on Wilmar kamsarmax trio China's Highton Development is bolstering its dry bulk fleet with three kamsarmaxes from Singapore-based conglomerate Wilmar International. The Shanghai-listed outfit said in a filing a deal is in the making to acquire the 2012-built Theresa Jiangsu, Theresa Jilin and Theresa Guangdong for a total of $57.3m. All three ships, estimated by VesselsValue at $54m, are ...
South Korea opens shipbuilding training centre in Indonesia Faced with record orderbooks, and emerging production bottlenecks, the South Korean government has opened a shipbuilding training centre in Indonesia to provide training programs for Indonesian workers seeking job opportunities in Korea. The centre will train up to 40 workers for a three-month period, offering welding, Korean language and safety courses, according to the Ministry ...
Jiangsu Ocean Shipping orders kamsarmax pair at NACKS Jiangsu Ocean Shipping (JOSCO) has contracted Nantong COSCO KHI Ship Engineering (NACKS), a subsidiary of COSCO Shipping Heavy Industry, for two kamsarmax bulk carrier newbuilds. The landmark order for Jiangsu Port Group's shipping arm, mostly active in the supramax and ultramax segments, will see the newbuilds delivered in 2026 and 2027. No price has been ...
Teekay bags modern aframax Teekay Tankers has been revealed as the taker of a modern aframax sold by Union Maritime for what appears to be a low price compared to earlier sales, tabling $70.5m, according to Clarksons, for the three-year-old, 113,000 dwt Stirling, a Cosco Zhoushan-built ship. This is Teekay's first modern tanker purchase in almost a decade. Sales ...
MSC contacts defunct Rongsheng shipyard for its next wave of boxship orders Global shipbuilding capacity is set to grow by a percent with the reactivation of one of the most famous shipyards from the previous boom and bust era of shipping. MB Shipbroking, formerly known as Maersk Broker, is reporting that Jiangsu Rongsheng Heavy Industries, once China's biggest private shipyard, is to reopen with the world's largest ...
Wind Energy Construction signs for Vard newbuilds Fincantieri-controlled Norwegian shipbuilder Vard has secured a contract from compatriot Wind Energy Construction for up to two newbuild energy construction vessels (ECVs). The Norwegian outfit linked to Ålesund-based Norwind Offshore and its founders and owners has signed for one firm vessel, delivering in the second quarter of 2027 and one optional unit which can be ...
Prysmian lands $655m Australian interconnector deal Italian offshore cable maker Prysmian has landed a €600m ($655m) deal with Marinus Link for a new Australian power interconnector between Victoria and Tasmania. The final agreement follows the capacity reservation in September 2023. The commencement of the works is expected by August 2025. The project's cables will span 345 km - 255 km undersea ...
SLB-led joint venture awarded major subsea contract by Petrobras A joint venture backed by SLB, Aker Solutions, and Subsea7 has won a contract from Petrobras to deliver subsea production systems and related services for two oil fields in the Santos basin. As part of the second development of the Atapu and Sepia fields, the jv, known as SLB OneSubsea, will provide the Petrobras-standard configured, ...
Pelagic Partners: How to invest in today's volatile shipping markets Fund managers generally see shipping as a niche market and a small investment opportunity, which for Niels Hartmann, the chief executive officer and board member of the Hartmann Group and founding member of owner and shipping fund manager Pelagic Partners, is a distant and commercially blind position to take. With shipping responsible for the delivery ...
Fugro and Ocean Infinity score Dutch survey contracts Offshore surveyors Fugro and Ocean Infinity have been selected to carry out geotechnical surveys at the DoordeWind offshore windfarm zone in the Netherlands. The Netherlands Enterprise Agency (RVO) has following a tender in April contracted the duo in a deal worth €29m ($31.5m) in total for the survey in zone sites 1 and 2. Under ...
S&P markets offering asset players 'mouth-watering' returns This year could mark another record period for ships changing hands with owners willing to fork out immense sums for secondhand tonnage. Dry bulk carrier sales in the first seven months stood at 37m dwt, closing on the record set in 2021 when 60.9m dwt was sold for the full year according to data from ...
Houthis restart attacks in the Gulf of Aden Yemen's Houthi movement said over the weekend that it targeted the 2,500 teu Groton containership on Saturday, the first ship strikes for two weeks in the region. The attack happened some 225 km southeast of Aden in the Gulf of Aden. A security official on the CMA CGM-operated vessel said a missile struck the vessel, ...
Year-to-date stock gains for bulk commodity shipping are evaporating Losses for shipping equities piled up again on Monday. Container shipping shares are holding up much better than shares of...
How Red Sea crisis breathed new life into boxship leasing business No one knows how long the Red Sea crisis will last, but container liner behaviour in the charter market implies...
Russia's once grand Arctic LNG project limps towards a dark fleet start-up Moscow's flagship Arctic LNG 2 project should have been underway last year, but stymied by US sanctions, it has been...
MSC sells ninth boxship of the year to Indian recyclers Sale of the 1,900 teu MSC Annamaria brings the number of boxships sold for scrap in 2024 to 40, with a combined...
Clarksons expects better second half as disruption drives strong markets Clarksons' full-year outlook is unchanged amid strong supply and demand dynamics as it declared a 32p dividend in the first...
GSL moves to clinch 'as much charter coverage as possible' George Youroukos-led company raises quarterly dividend by 20% through supplementary payout
Woodside buys OCI's blue ammonia plant project Woodside Energy has agreed to buy an ammonia plant being built in Texas from Dutch chemicals maker OCI Global, giving...
Houthis end two-week lull with missile strike on CMA CGM-chartered boxship Missile strike was the first shipping attack since July 20, but lulls in the frequency of attacks and changing patterns...
The week in newbuildings: Orders valued at $10bn signed Newbuilding contracts for one wind farm support vessel, three cruiseships, 13 bulk carriers, 13 vehicle carriers, 16 gas carriers and...
All-in insurance costs soften for tankers and gas carriers, data reveals Figures confirm anecdotal evidence from brokers that current H&M premiums are 'good for shipowners'
China issues ship-scrapping subsidy rules for coastal and inland vessels Global trading vessels are not included in the latest subsidy scheme
Finland submits findings from study claiming lower methane slip than IMO assumptions Findings were based on a study conducted on board cruiseship MSC World Europa
Iran's oil exports skyrocket in July, shattering previous records Iran is adding more tonnage to its oil shipping fleet and shipping more oil than at any point since 2019...
Looming strike clouds newfound optimism for South Korean shipbuilders Although shipyards have returned to profitability with the recovery of the newbuilding market, the looming threat of a strike is...
Daily Briefing Iran retaliation fears add to shipping volatility as attacks threaten trade | Green hydrogen is a Catch-22 for shipping |...
ILA seeking huge wage hike from maritime employers: sources The disclosure of a 76% wage increase proposal comes as ILA sent a 60-day notice to the United States Maritime Alliance (USMX) warning that the union is prepared to strike if a new labor deal is not signed before the current contract's Sept. 30 expiration.
Shifting trans-Pac dynamics push rate spread to almost two-year high The differential between East and West coast spot rates is now more than $3,000 as retailers rush to ship their imports from Asia ahead of a possible strike by ILA dockworkers when their contract expires on Sept. 30.
NS implementing appointment system for container drop-offs from Sept. 1 Norfolk Southern believes a mandatory reservation system for trucking companies bringing containers into its terminals will improve fluidity and prevent congestion from building.
Trans-Atlantic ocean carriers make rare surcharge moves to bolster rates The attempts to raise prices on the westbound trade lane come as the shadow of potential labor disruption looms at ports along the US East and Gulf coasts.
Danaos takes charter backlog to $3bn despite dip in quarterly profits Shipowner builds on revenue amid continued container sector disruption
Wipeout: ugly afternoon of trading in New York sends stocks reeling Morning uptick spins into reverse as shipping, broader equities take a pounding
China Merchants kick-starts fresh newbuilding series amid $913m bulk carrier spree The Chinese owner has a total of 12 large bulkers on order at three domestic shipyards
Capital Product looks to 2027 and beyond for clean ammonia trade to materialise Shipowner expects midsize gas carriers to stay in traditional markets at first
What slowdown? FFA market shrugs as bulker spot rates remain reliably mediocre Forward contracts lost a few hundred dollars during trading on Monday, but that was about it
Ardmore Shipping continues leadership reshuffle amid Gurnee's departure Ireland-based tanker owner committed to maintaining position as leading player in sector
The biggest losers: These maritime stocks shed more than $1bn in value in a single day Japan's big three and two South Korean players saw some of the largest market capitalisation declines
Large vessel demand propels Kirby profit higher Tank-barge operator sees an increase in spot market prices
Shipping surveys the wreckage after historic dark day for stocks around the world Shipping selloff largely indiscriminate but stocks paring losses by midday
Greek tonnage provider GSL cashes in on liner shipping hunger for multi-year charters Deals with MSC and Hapag-Lloyd help bag $400m of forward cover
Are shipping investors running from disaster as global stocks suffer bloodbath? Shares battered as investors sell on US recession fears
Attica Group buys two chartered-in ferries amid new focus on home Greece's biggest ferry operator spends €8.9m on two ageing ropaxes
Andi Case: Shipping in 'a very different place than 2008' Clarksons chief says fleet dynamics are completely different from previous boom prior to the financial crisis
Golar LNG set to fire up FLNG unit amid FPSO delay at Greater Tortue project Cooldown cargo to head in as company settles dispute with BP
Ongoing enclosed-space risks highlighted amid deaths of three seafarers in bulker holds Fatalities spiked in 2023 amid concerns over hold access rules
Shipping stocks swept up in global share sell-off as recession fears rattle equity markets US jobs report falls short, prompting a Monday sell-off
Arne Blystad bags boxships from Saverys family in $46m en-bloc deal Norwegian owner returns to buying container ships with feeder brace from Belgian owner CMB
Ongoing enclosed space risks highlighted amid three seafarers bulker hold deaths Deaths in enclosed spaces spiked in 2023 amid concerns over hold access rules
Jiangsu Ocean Shipping breaks new ground with move into kamsarmax segment Chinese company orders 82,000-dwt newbuildings at Nacks
South Korea sets up shipbuilding training centre in Indonesia Serang facility will offer welding, safety and language courses
Woodside snaps up world-first blue ammonia plant from OCI Texas facility due to start up in 2025, with low-carbon product to follow in 2026
Shipping stocks swept up in global share sell-off US jobs report falls short, prompting a Monday sell-off
Pan Ocean doubles down on expansion with second newcastlemax buy South Korean owner enters the fray as a newcastlemax buyer and discloses more ultramax newbuildings
'Robust access': Andy Dacy comments on JP Morgan's attraction to US-flagged sector Increasing US government need for assets and technology changes seen as drivers
New crackdown could see ships detained if crews left unpaid Paris and Tokyo port state control regimes announce three-month campaign from 1 September
Shipbroker Clarksons sees profit dip from record levels in first six months of 2024 Chief executive Andi Case said the results were strong and follow a period of significant investment
NYK Line jacks up dividend 85% on the back of hot container ship market Japanese owner is also predicting a substantial increase in its full-year financial performance
Jiangsu Ocean Shipping breaks new ground with move into kamsarmax bulker segment The Chinese company has ordered two 82,000-dwt bulker newbuildings at Nacks
Greek boxship attacked multiple times as Houthis strike back in wake of Haniyeh hit Militia resume its campaign against shipping as threat warnings in the region multiply
South Korea sets up shipbuilding training center in Indonesia Training center will offer welding, safety and language courses
Berge Bulk newcastlemax latest ship to be targeted by robbers in Singapore Strait Bulker was one of two vessels boarded within three hours of each other last week, piracy watchdog says
Shipping battery pioneer backed by institutional investors in China and Hong Kong seeks 'holy grail' Chris Kruger launched AYK Energy to focus on NMC battery tech, and quickly changed his mind
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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