FERRIES 2024 highlighted industry collaboration in Seattle The 37th annual Marine Log's FERRIES 2024 conference, held in Seattle, brought together over 230 attendees, including nearly every ferry operator from Washington, Oregon, British Columbia, and Alaska. The event, which took
Saab's Autonomous Ocean Core brings new autonomous capability to naval vessels Autonomous naval vessels will be a hot topic of discussion at this week's Euronaval event in Paris and Saab's latest offering in this space is its Autonomous Ocean Core: a ready-to-use autonomous
Dark fleet suspect arrested in Miami Taskin Torlak, a 37-year old Turkish national, was arrested in Miami, Nov. 2, and is currently being held in the Miami Federal Detention Center. He has been charged with con
ABP and Viterra sign warehouse construction deal Associated British Ports (ABP) and Viterra, a Canadian grain handling business, announced the construction of a new state-of-the-art storage facility at the Immingham International Terminal (HIT) in England. This US$13 million investment will expand storage capacity by an additional 40,000 metric tonnes (MT), nearly doubling the total to almost 80,000 MT of covered storage. "We are thrilled to pa
Menarini chooses Kuehne+Nagel for product distribution in Türkiye Menarini, a global pharmaceutical company, has partnered with Kuehne+Nagel to manage the distribution of its healthcare products across Türkiye. By leveraging Kuehne+Nagel's expertise in handling sensitive healthcare goods and its strong local network, Menarini aims to ensure reliable, nationwide access to its products. "The product quality delivered to the end consumer, the patient, is a priorit
Main US election threat to trade is doubt and indecision This content is locked Select a CN Premium Subscription Package To Unlock The Content! [/ihc-hide-content] If you liked this post, please consider donating The post appeared first on Container News .
Maersk revises peak season surcharge in Gambia Danish container carrier Maersk is revising its Peak seasonal surcharge (PSS) for the scope CAM & CAR, Europe and Americas to Gambia. The updated surcharge will be effective from 13 November 2024 for all origin ports, except for the United States and Colombia, where the PSS will take effect on 29 November. Origin Destination Currency All Containers Argentina, Belgium, Brazil, Bulgaria, Canada, Ch
C.H. Robinson automates full freight shipment lifecycle with generative AI C.H. Robinson has developed proprietary technology that uses generative AI to handle tasks typically managed by people, fully automating the freight shipment process. This new system interprets incoming emails and replicates human actions, enabling automation across the entire shipment lifecycle-from providing price quotes and accepting loads to scheduling pickups and deliveries, as well as track
"Weak momentum" in global trade affects DHL Group's results Germany-based transportation company DHL Group reported revenue of €20.6 billion in the third quarter of 2024, up 6.2% compared to the same period of the previous year. Additionally, DHL's operating profit (EBIT) was relatively steady at €1.37 billion, while free cash flow reached €723 million from €1 billion in the same period last year. The company's EBIT guidance adjusted to €EUR 5.8 billion (
Emirates Shipping Line starts new container service The Saudi Ports Authority, known as Mawani, has announced the launch of a new shipping service called GRC, which will be operated by Emirates Shipping Line. This new service is designed to meet market demands and accommodate the growing trade in the region, further establishing Saudi Arabia as a global logistics hub connecting three continents. This aligns with the goals outlined in the National
ICTSI 9M2024 net income soars 31% to US$633 million International Container Terminal Services, Inc. (ICTSI) announced its unaudited financial results for the first nine months of 2024, showing a 14% rise in revenue from port operations to US$2 billion, up from US$1.7 billion in the same period of 2023. "I am pleased to report another excellent set of results in which we have delivered impressive revenue growth, up 14% to US$2.01 billion. EBITDA ro
Geopolitical tensions and strategic investments reshape Baltic port dynamics amid Ukrainian conflict The war in Ukraine has significantly impacted Baltic container ports in various ways. These changes underline the broader shifts and adaptations needed within the Baltic maritime sector, as ports adjust to new economic realities and navigate the disruptions caused by the war in Ukraine. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post,
Container ship deliveries hit new record of 2.5 million TEUs "Just ten months into 2024, shipyards' deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5 million TEUs have been delivered, surpassing the previous full-year high of 2.3 million TEUs in 2023," stated Niels Rasmussen, Chief Shipping Analyst at BIMCO. As recycling of older ships has remained low, the deliveries have increased the size of the
cargo-partner enhances air freight services connecting Far East with UK and Ireland cargo-partner, a subsidiary of Nippon Express Holdings, introduced a new air freight service tailored to support businesses shipping from key locations across the Far East to the UK and Ireland. This service provides strengthened connections between Shanghai, Beijing, Guangzhou, Hong Kong, Taiwan, and major UK and Irish destinations such as Manchester, London, and Dublin. The offering is strategi
PIL on newbuilding spree: Another LNG dual-fuel boxship order Pacific International Lines (PIL) is accelerating its fleet renewal with an order for another five 9,000 TEU liquefied natural gas (LNG) dual-fuel container ships. The vessels will be built by one of China's leading shipbuilders, Hudong-Zhonghua Shipbuilding (Group) Co. (Hudong-Zhonghua), with delivery expected in 2027 and 2028. The newbuildings are designed with highly-optimised cargo stowage fe
APM Terminals announces new leadership at Port of Salalah and SCCT APM Terminals (APMT) has appointed new Managing Directors for Oman's Port of Salalah and the Suez Canal Container Terminal (SCCT). APM Terminals and the Port of Salalah announced the appointment of Steven Yoogalingam as the new Managing Director of the Port, effective from 1 November 2024. Yoogalingam brings a wealth of experience to this role, having previously served as Managing Director of the
CMA CGM applies low water surcharge in Montreal French box carrier CMA CGM has announced the implementation of a Montreal low water surcharge, effective from 10 November for all shipments and 1 December for shipments to US & US territories, Puerto Rico, Ecuador, Colombia, Paraguay, Uruguay, Brazil, Panama & Venezuela. The surcharge from the major Canadian port to all destinations worldwide, except Brazil's port of Manaus, will apply to all typ
Vancouver Port expands marine traffic system for safer trade The Vancouver Fraser Port Authority is expanding a centralized marine traffic scheduling system to encompass the entire Burrard Inlet, aiming to improve safety and efficiency in one of Canada's busiest trade hubs. This advanced system enables the port authority to manage actively and sequence commercial ship movements in Burrard Inlet, home to 23 Port of Vancouver's 29 key terminals. This inlet h
Intership Navigation and Interorient Shipmanagement join forces Cyprus-based Intership Navigation and Interorient Shipmanagement have merged their shipmanagement activities into InterMaritime Shipmanagement. The newly formed company, which will include Intership's sister company Donnelly Tanker Management, will manage a fleet of over 170 vessels including tankers of all types, LPG carriers, bulkers, containers, multipurpose ships and other specialised tonnage
MAC Shipping inks first newbuilds Singapore's MAC Shipping is expanding its fleet via a debut order for stainless steel chemical tanker newbuilds. The company has tapped China's Jiangxi New Jiangzhou Shipbuilding Heavy Industry for four 25,900 dwt units costing $50m each, according to brokers, with deliveries starting in 2026. MAC Shipping was established in 2021, initially operating break bulk vessels ...
PIL signs for more Hudong-Zhonghua boxships Singapore's Pacific International Lines (PIL) has returned to China's Hudong-Zhonghua Shipbuilding for five LNG dual-fuel containerships. The company has contracted 9,000 teu vessels bringing its newbuilding campaign since 2022 to 18. In addition to being LNG-powered, the vessels will be able to switch to running on bio-methane, PIL said. The order follows another five LNG ...
Petronas taps Shearwater for 3D seismic survey in Suriname Norwegian offshore seismic contractor Shearwater Geoservices has been awarded a large 3D seismic survey by Malaysian energy player Petronas in Suriname. The project, covering 6,000 square kilometres, marks the continuation of the company's work for Petronas in this frontier area having previously performed acquisition work in Block 52. Shearwater said that its Amazon Warrior vessel ...
MPC Capital and O.S. Energy to build next-gen OSV fleet Hamburg-based asset and investment manager MPC Capital and offshore service provider O.S. Energy have teamed up to build a fleet of next-generation offshore service vessels. These purpose-built offshore survey and service vessels (OSSV) will be used primarily in the offshore wind industry in the North and Baltic Seas. The modern design makes them suitable for ...
Cadeler seals UK offshore wind deal Copenhagen-headquartered offshore wind vessels player Cadeler has inked a firm deal with ScottishPower Renewables to transport and install wind turbine generators and foundations for the East Anglia Two project off the coast of the UK. The BW Group and Scorpio-backed owner and operator said the contract is worth between €360m ($392m) and €382m ($416m), with ...
US arrests Turkish national for alleged scheme to help Venezuela skirt sanctions US authorities have arrested a Turkish national for allegedly conspiring to violate sanctions as part of a scheme to ship oil from Venezuela. The Justice Department said Taskin Torlak, 37, has been charged by complaint with one count to having conspired with others to cause US financial institutions to process transactions connected to the transport ...
Harris or Trump? The effects on each shipping segment As Americans head out to vote today, Splash identifies the potential effects on the main shipping segments. "The link between elections, and how they could harm or assist the global economy, depending on who is the victor, are important, and impact shipping, therefore it behooves us to follow the many elections that are taking place ...
Seanergy leadership prevails in boardroom battle Shareholders of Greek capesize bulker specialist Seanergy Maritime have decisively re-elected the company's director nominees and rejected proposals from George Economou in a bid to shake up leadership. Economou, who, via his affiliated investment vehicle, owns about 9% of Nasdaq-listed Seanergy, launched a proxy fight in June, naming John Liveris and Georgios Kokkodis as his ...
OEG Renewables orders CTV from Strategic Marine OEG Renewables, the renewables sector of Aberdeen-based offshore contractor OEG Energy, has ordered a crew transfer vessel (CTV) from Singapore-based shipbuilder Strategic Marine The vessel, due to be named Wey Feng, is a BMT-designed, 27-meter aluminium catamaran and will be the fourth StratCat 27 vessel built by Strategic Marine to join the OEG Renewables fleet. The ...
Sweden approves one and rejects 13 offshore wind projects over security concerns The Swedish government has made several high-profile decisions regarding its offshore wind future. It first granted permission to the Poseidon project and then nixed 13 offshore projects citing the country's security concerns. Poseidon is set to become the first wind farm in Sweden which will be developed off Stenungsund on the west coast using floating ...
Dutch case reviews equal pay for Southeast Asian crew A landmark legal case is underway in The Netherlands which could dramatically alter the global crewing markets. The Netherlands Institute for Human Rights based in Utrecht is hearing from two seafarers - an Indonesian and a Filipino - who are seeking to ensure they and their peers from the two big crewing nations receive equal ...
Maritime venture financing landscape mapped by Marine Money A new 12-page white paper from US-based Marine Money has mapped out today's maritime venture financing landscape with the research clearly showing the limited number of funds that are solely dedicated to the maritime sector. More than 250 maritime startups that have been in existence for at least five years were analysed for the research, ...
CU Lines gears up for fleet clear-out, puts six ships up for sale China United Lines (CU Lines) is looking to take advantage of today's elevated prices for secondhand boxship tonnage with brokers reporting the Raymond Chen-led boxline has put six ships up for sale including some very modern tonnage. The six ships in the shop window are the 2,433 teu, 2023-built CUL Qingdao, the 2,433 teu, 2024-built ...
What is really driving the dry bulk shipping market? Is fear of missing out or an appetite for disruption informing investor decisions, asks Thomas Zaidman, the managing director of Sagitta Marine? Dry bulk market players are used to volatility; they naturally prefer it to calm seas because of the opportunities it creates. As Splash recently reported, higher, more persistent volatility has become a fact ...
Daily Briefing Pragmatic carbon pricing needed to spur shipping's green transition | Who are the biggest losers among shipping stocks so far...
Alarm bells ring as crude tankers suffer counter-seasonal rate slide Winter is coming, say the optimists. But the winter market for crude tankers should have already emerged - and spot...
WSC welcomes next EU transport commissioner with policy wish list Liner lobby group the World Shipping Council has welcomed the Commissioner-designate for Sustainable Transport and Tourism, saying it will work...
Intership and Interorient merge to form InterMaritime Shipmanagement The new company will manage a fleet of more than 170 vessels including LPG carriers, bulkers and containerships
Navios posts increased third-quarter profits amid 'intensifying risks' Third-quarter net income and revenues both rise at diversified US-listed owner
October strongest month-ever for alternative fuel newbuilds LNG was the fuel of choice for orders last month, followed by a resurgence for methanol in the context of...
ABS-Marad research centre could be 'transformative' for decarbonisation David Walker, ABS vice-president of government services, spoke to Lloyd's List about the new US Center for Maritime Innovation, which...
Chaucer to write marine on Lloyd's Singapore platform Ivan Sit appointed class underwriter
Claims-heavy policy year justifies rate hikes, P&I chiefs argue 'If you're a shipowner budgeting for insurance going forward, I'd have said, budget for increases in the next couple of...
Finnlines seeks green ships as passenger traffic grows Finnlines said profits and passenger numbers recovered in the summer. It has spent more than $545m on efficiency upgrades to...
Pacific International Lines returns to Hudong-Zhonghua for mid-sized boxship newbuilds Singapore's PIL has signed up for a new series of, mid-sized, LNG dual-fuel containerships for delivery in 2027 and 2028...
Carriers' ambitious Asia-Europe rate hikes reflect break with market reality Lacklustre demand and lower vessel utilisation threatens to capsize carriers' push for rate increase, analysts say
Jinzhou port vice-president on bail pending fraud trial Financial regulator rejected executives' defence arguments and issued a public condemnation
Box carrier delays rise to highest level since pandemic Reliability for the container sector decreased 1.2% month on month to 51.4%, far below levels seen last year and before...
Containership newbuilding deliveries hit all-time record 'Just 10 months into 2024, shipyards' deliveries of containerships have reached a new annual record,' said BIMCO chief shipping analyst...
Pragmatic carbon pricing needed to spur shipping's green transition Hong Kong Chamber of Shipping chairman Hing Chao says realistic and achievable market-based measures from the IMO will be key...
Turkish national arrested in US for alleged oil sanctions violations The US has arrested a Turkish national for allegedly conspiring to violate US oil sanctions on Venezuela. The alleged scheme...
Ships waiting out BC port closures in hopes of quick deal with longshore union The work stoppage along Canada's West Coast has also shut down rail operations, with CN suspending westbound rail service to British Columbia ports and CPKC halting acceptance of export and empty containers for the province.
East China Sea container traffic facing delays, port congestion after typhoon The major Chinese ports of Shanghai and Ningbo are currently experiencing delays of two to three days due to the lingering impacts of the storm that hit the region late last week.
Carriers revamp services amid port congestion in Mexico, Central America CMA CGM and Maersk are reshuffling their Mexico-Central America services beginning this month in response to chronic port congestion and berthing delays at key ports in the region.
North American railroads have ambitious plans to win share from trucks in Mexico As US trade with Mexico grows, railroads see a chance to challenge the dominance of the Mexican trucking industry - if the railroads' intermodal partners can lock in new business and deliver reliable service.
Stream of oil and gas business keeps project sector humming A slower-than-expected transition to renewable energy sources is augmenting - rather than replacing - investment in traditional oil and gas, boosting project cargo demand.
How China has taken a generational grip on the global shipbuilding industry A surge in newbuild orders and a global shortage of berths have created new opportunities for private yards to expand
Lindblad shares skyrocket 25% after nearly fourfold surge in profits and record forward bookings Operator of National Geographic expedition ships
Pasha Hawaii sells veteran Jones Act container ship for recycling US liner company offloads steam turbine powered container ship as it throws its weight behind LNG
This Jones Act-opposing, ex-Hapag-Lloyd employee won't win the presidential election. But he tried Libertarian candidate may serve as a spoiler in swing states
Port of Valencia reopens container terminals following flood aftermath Hapag-Lloyd reports significant disruptions across operations
Seanergy record nine-month profit as quarterly result flips to the black New York-listed shipowner declares biggest-ever dividend
Tanker stocks flip into 'red' for first time amid investor 'general malaise' US voters heading to the polls, but lacklustre rates and 'risk-off' attitudes dampen picture
Insurance costs set for multi-year rises as claims costs rise, say P&I chiefs Britannia P&I's chief underwriting officer says renewals set to increase by 5% to 10% in 2025 after rising pool claims
Rent out the wind: Can sail technology for specific charters avoid start-up valley of death? Being down to earth, transparent and not listening to naysayers has helped get FastRig onto nuclear waste carrier
Greek owner White Sea Navigation tied to modern MX Bulk ultramax deal Two publicity-shy companies from Greece and the Isle of Man pursue opposing business strategies
Hoegh Evi teams up on floating hydrogen import terminal in France Port-La Nouvelle on the Mediterranean coast wants to put infrastructure in place by 2030
New bulker alliance formed as Navalis buys into Oslo Bulk's Dalaro Shipping Partners target further development of forestry services
Middle East weakness drives down product tanker rates Clarksons said crack spreads are improving alongside Asian jet-fuel demand
Trader ADM slashes 2024 profit estimates as earnings call cancelled Agricultural trader to amend quarterly results on accounting errors
'Assume volatility': How US election outcome could sway shipping stocks in key markets Analyst sees Trump boosting oil and gas production
Tankers and LNG carriers to gain from resurgent oil and gas investment, Clarksons says Researcher Calum Kennedy explains why fossil fuel investment is good news for shipping
MPC Capital latest big-name shipowner to give the offshore wind market a spin with six-vessel order German owner teams up with OS Energy for newbuildings
Navios Partners profit climbs amid 'surprisingly positive' period for shipping Year-on-year profit growth supported by higher bulker revenue
Grimaldi-backed Finnlines closes in on tender for ropax trio Ships needed as tough environmental laws have forced the sale of older vessels, says CEO
Cruise industry's newbuilding revival focuses on big ships like never before Efficiency is the name of the game as the average newbuilding size reaches record level
Eventual Opec+ production hike could create demand for 55 more VLCCs, Tankers International says Pool operator and Breakwave Advisors chew over the latest news from oil exporting group
Shanghai heralds million-tonne green-fuel shipping target in energy switch Chinese port city investing in technology and infrastructure for ammonia, methanol and LNG for shipping
Oldendorff aims for significant fuel savings from Flettner rotors installed on panamax bulker Three Norsepower rotor sails installed on Pacific route ship
Managers Intership and Interorient merge to create fleet of more than 170 ships Tankers, gas carriers, bulkers and other vessels all catered for by new InterMaritime Shipmanagement operation
Chinese buyers fight off Greeks for Japanese-owned VLCC Rumoured price for older tanker rises from $41m to $45m
Container ship deliveries hit new record of 2.5m teu Bimco: Orderbook amounting to 25% of the fleet will rise even higher by year end
Clarksons welcomes 22 new trainee brokers to offices around the world New recruits were brought together for a training programme in London
PIL confirms neo-panamax container ship orders as fleet renewal drive takes shape Order confirms prior reports in October
Tanker and bulker fleet fracturing as new entrants lured by stronger rates Greece's Xclusiv Shipbrokers notes more smaller owners despite fleet deals and mergers
Western Bulk expanding board with former Anglo-Atlantic boss and Fredriksen director Software expert Betina Nygaard also expected to take a seat after shareholders' meeting
TS Lines raises $121m from Hong Kong listing as shares rally Carrier joins ranks of listed operators after initially failing to excite investors
Precious Shipping to sell remaining non-eco bulk carriers as it awaits future fuel clarity Owner outlines next fleet renewal move as it reveals a strong quarterly performance
MOL parks 20-year-old LNG steam turbine ship in lay-up area Options run thin for some of the oldest vessels in world LNG carrier fleet
LNG gathers momentum in 2024's strongest month for alternative fuel orders, DNV says Container ship newbuildings driving fresh surge in bumper year for new fuels
Fearnley Securities strikes fresh project finance deals worth $180m with more in the pipeline Arranger sees more transactions with positive outlook for tanker and offshore projects
MOL parks up twenty-year-old LNG steam turbine ship in lay-up area Options run thin for some of oldest vessels in world LNG carrier fleet
Ernst Russ beefs up board with Gram Car Carriers recruit Joseph Schuchmann joining container owner's senior team from 1 December
Greek VLCC breaks down en route from Saudi Arabia Repairs have been taking place 36 km off the coast of Portugal
EU's new Greek shipping czar vows to curb shadow fleet and boost clean fuels Career politician Apostolos Tzitzikostas passes confirmation hearing at the European Parliament
Lila Global scraps fourth capesize bulker as it dominates demolition market Cash buyer-backed shipowner has been responsible for 80% of all capesize bulkers recycled this year
Eastern Pacific raises over $2m for Mercy Ships on its first 'To the Moon' fundraiser Fundraiser exceeds original target of reaching the moon - they made it halfway back to earth
US arrests man over Venezuela 'dark shipping plot' Turkish national is accused of being part of a scheme to transport sanctioned oil using tankers with hidden names
How sanctioned Iranian oil navigates through a dark and twisted supply chain to China One delivery to Tianjin shows how ramped-up sanctions can complicate the dark and growing trade
Lila Global gives hungry Pakistani recyclers a capesize meal to chomp on Cash buyer-backed shipowner has been responsible for 80% of all capesize bulkers recycled this year
Crew member missing after LPG carrier, coal ship and fishing vessel collide Bangladesh Coast Guard releases footage of search for missing fisherman
Philly Shipyard losses piling up as Hanwha takeover looms US yard expects to lose money on six newbuildings
Houthis extort $2bn from shipowners in Red Sea protection racket, UN told Sources tell expert panel that fees for safe passage are running at $180m per month
DNB rides shipping M&A boom with cash-rich owners still sitting on dry powder Norwegian bank's London office remains committed to shipping after 50 years
Dynacom Tankers Management denies sale talk around ice-class panamax trio Vessels have not even been under discussion to sell, Greek company says
Diana Shipping raises $25m through bond tap issue Tap issue priced with premium at 102% of par value
Eastern Pacific raises over $2m for Mercy Ships on its first 'To the Moon Fundraiser' Fundraisers exceeded the original target of reaching the moon - they made it halfway back to earth
Japanese shipbuilders eye new breed of vessels as they play catch-up on global stage The green transition offers shipyards the chance to sharpen a fresh competitive edge
Marine needs to quadruple green fuels by 2050 to meet Paris climate goals, TotalEnergies says French giant spells out decarbonisation scenarios in new energy outlook report as it signs up to 15-year LNG sales deal to China
Cargojet charter demand jumps 60% on e-commerce, supply chain delays Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.
MSC adds Florida port call The Swiss container carrier MSC said it is adjusting the port rotation on its United States to South America east coast service.
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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