At least three seafarers dead in Houthi attack on bulker True Confidence At least three seafarers have been killed in a Houthi missile attack on the 2011-built Barbados-flagged bulker True Confidence and others have reportedly suffered serious burns. These are the first seafarer fatalities
VIDEO: Ukraine takes out Black Sea fleet ship Sergei Kotov In another bad week for Russia's Black Sea Fleet, the International Criminal Court has issued an arrest warrant for its former commander - and video has appeared on YouTube showing the sinking
GAO: USCG needs to act further on sexual assault and harassment A new report from the Government Accountability Office (GAO) finds that while the U.S. Coast Guard has taken actions to address sexual assault and harassment (SASH) it has not developed a plan
Navy and Marine Corps leaders tour Bollinger Mississippi Earlier this week, Bollinger Mississippi Shipbuilding hosted U.S. Senator Roger Wicker (R.-Miss.) and a delegation of U.S. Navy and Marine Corps leaders at its facility in Pascagoula, Miss. In addition to Senator
ABB wins propulsion contract for first Canadian polar class icebreaker Seaspan Shipyards has awarded ABB a contract to deliver an integrated propulsion system for the first of the Canadian Coast Guard's new-generation polar class icebreakers. The vessel is expected to be one
Bearing brings maritime AI to bear on EU ETS compliance Palo Alto, Calif., headquartered maritime AI (artificial intelligence) solutions provider Bearing AI has launched an update to its Fleet Deployment Optimizer (FDO) solution that is designed to help shipping companies manage their
Philip Shapiro announces generational change in Liberty Maritime leadership Successions aren't always as fraught as in some TV drama series and a new generation is taking the helm at Lake Success, N.Y, headquartered Liberty Maritime Corporation, which operates a fleet of
Kuehne+Nagel hires new managing director for its Poland branch Emilia Górska-Mytyk, a Polish national born in 1980, has been appointed as the new managing director of Kuehne+Nagel Poland, commencing her role in February 2024. She succeeds Wojciech Sienicki, who has retired. With a wealth of over 20 years of logistics experience, Górska-Mytyk began her journey with Kuehne+Nagel in 2016 as head of Business Development, subsequently advancing to the position of
MOL inks long-term charter for new LNG carrier with Tokyo LNG Tanker Mitsui O.S.K. Lines (MOL) has announced the signing of a long-term charter agreement for a new LNG carrier with Tokyo LNG Tanker (TLT), a subsidiary of Tokyo Gas. This marks the eighth contract between the two companies, following seven previous time charter contracts for LNG carriers. Furthermore, the vessel will be constructed at Hanwha Ocean's Geoje Shipyard in South Korea and is expected to b
Future-Proofing Your Brand: Adapting to Gen Z's Changing Preferences and Behaviors According to statistics, it is estimated that as of 2023 Gen Z make up approximately 20% of the US population . This creates a significant shift in how businesses approach clients and marks a major transformation within the consumer marketplace to better engage Gen Z's unique preferences and values. However, since this generation was raised in a digital age, it is difficult for companies to predi
Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace "In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers - VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023," stated Filipe Gouveia, Shipping Analyst at BIMCO. Since the start of the war in Ukraine, freight rates for crude tank
Kuehne+Nagel acquires Malaysian trucking company to enhance Asia Pacific cross-border services Kuehne+Nagel has finalized an agreement to purchase City Zone Express, a subsidiary of Chasen Holdings, a company listed on the Singapore Exchange Mainboard. City Zone Express, established in 2006 and headquartered in Malaysia, boasts a workforce of over 500 employees and operates across Malaysia, Singapore, Vietnam, Thailand, and China. "Asia's economies are an attractive area for us to develop
Wärtsilä partners with American naval engineering company to cut port emissions Technology group Wärtsilä has entered into a collaboration agreement with Elliott Bay Design Group (EBDG), a US-based naval architecture and marine engineering firm, to further develop EBDG's Clean Harbor Alternative Mobile Power (CHAMP) Barge design. Featuring Wärtsilä's methanol engine technology, the collaboration introduces a cost-effective solution to reduce emissions from large vessels in s
Volta Shipping appoints new commercial head United Arab Emirates-based shipping company Volta Shipping has announced the appointment of Sankhoj Das as the head of its Commercial team. With a background in leading commercial strategies and achieving significant milestones, Das's expertise is set to bring a new dimension to Volta's operations globally. Under the guidance of Das, the commercial team will be looking to bolster commercial capab
Fires hit containers holding oranges in South Korea Two refrigerated containers filled with oranges imported from the US burst into flames in two separate incidents in ports in South Korea's Changwon province on 4 March. The oranges had been sprayed with pesticide as part of quarantine and disinfection procedures for imported agricultural products. In the first incident, around 10.48 am (local time), smoke was seen coming from the container in You
MSC consolidates pole position with largest Asia-Europe share MSC accounted for half of the capacity growth in the Asia-Europe lanes that resulted from the diversion to the Cape of Good Hope due to the Red Sea crisis. According to Alphaliner's latest report, MSC added 279,000 TEUs to services operated as part of its 2M alliance with Maersk Line, and 208,500 TEUs for its standalone services, such as the "Dragon" Far East-Mediterranean loop and the "Swan" Far
RightShip launches LSEG World-Check One in key partnership RightShip, a global ESG-focused digital maritime platform, unveils the introduction of LSEG World-Check One, marking a significant partnership between RightShip and the London Stock Exchange Group (LSEG), a global financial markets infrastructure and data provider, to enhance the risk management framework for governance-related risks in the maritime sector. According to a statement, this tool aim
Spanish government approves construction tender for electrical substation at Port of Valencia Spain's Council of Ministers, upon recommendation from Spain's Ministry of Transport and Sustainable Mobility, approved the tender for the construction of a new electrical substation in the Port of València, with an estimated value of US$15.7 million. This contract marks the implementation of the first substation of its kind in the Port of València, facilitating the integration of the Port Author
SAAM Terminals conducts leadership training for BEST Program SAAM Terminals selected San Antonio Terminal Internacional as the central hub for advancing the implementation of the BEST program across its eight ports throughout the Americas, as well as within its Logistics division. During the meeting, attended by appointed BEST Leaders from each operation, objectives for the upcoming year were outlined, and a training session was conducted on two key pillar
Japan's major ports report over 1.1 million TEUs in December 2023 In the last month of the previous year, Japan's six major ports collectively handled 1.17 million TEUs, reflecting a slight decrease of 0.5% compared to the same month of 2022. This was the third consecutive month of year-on-year contraction. Export volumes saw a modest increase of 1.9% to reach 619,415 TEUs, while imports experienced a decline of 3.1% to 552,103 TEUs. Breaking down the numbers,
First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker The Barbados-flagged, 50,448 dwt bulker was damaged in a missile attack off Yemen with several crew members missing. According to a number of reports, three crew members are missing while four others have sustained serious burns from the explosion. The United Kingdom Maritime Trade Operations (UKMTO) agency reported that a nearby vessel reported an explosion ...
Safe Bulkers offloads two ships in strong secondhand market New York-listed Safe Bulkers has continued its fleet renewal programme and also taken advantage of firming tonnage prices having agreed to offload two of its ships in separate deals. The Monaco-headquartered Greek owner is shipping out the 2010-built post-panamax Panayiota K in April for $20.45m and about a year younger panamax Paraskevi 2 in July ...
TEN books shuttle tanker newbuild in South Korea Greek owner Tsakos Energy Navigation (TEN) has returned to Samsung Heavy Industries for more shuttle tankers. Shipbuilding sources have listed the New York-listed company behind an order for a 154,400 dwt newbuild South Korean shipyard revealed in a regulatory filing Monday. The $149m deal comes with an optional second vessel and is backed by a ...
Economou takes Seanergy boss Tsantanis to court Greek shipowner George Economou has filed a lawsuit in the Marshall Islands against fellow capesize specialist Seanergy Maritime, its supremo Stamatis Tsantanis and other directors for seizing control of the company by creating "super-voting" shares. Seanergy chairman and chief executive Tsantanis maintains substantial control and influence over what is going on at Seanergy via a ...
Geneva Dry Dialogues: PortLog Dry bulk is both fun and frustrating, says Sigrid Teig, commercial director at PortLog, a predictive analytics technology platform designed to reduce time spent in port. Teig will be speaking at May's Geneva Dry summit in a workshop looking at how to make data actionable. "With such a strong roster, I look forward to learning ...
Australia's third offshore wind zone much smaller than expected The federal government of Australia has declared an area in the Southern Ocean off Victoria as the country's third offshore wind zone albeit with a significant reduction in power generation potential. The proposed zone was supposed to be home to 14GW of offshore wind power, but the government shrunk the zone to just 2.9GW of ...
MOL charters cargo transfer vessel, enters newbuild negotiations with Petrobras SeaLoading Holding, a Mitsui O.S.K. Lines (MOL) subsidiary owning and operating cargo transfer vessels (CTVs), has signed a charter contract for the CTV SeaLoader 2 with Brazilian state-owned oil giant Petrobras. SeaLoading started a CTV agreement with Petrobras for SeaLoader 2 on a trial period in January 2022 and completed more than 30 crude oil ...
MOL and Allianz take Volkswagen to court over sinking of Felicity Ace car carrier The shipowner of the Felicity Ace and its insurer have filed separate lawsuits in Germany against Volkswagen over the blaze and subsequent sinking of the car carrier. Mitsui OSK Lines and Allianz have identified what they believe to have been a faulty battery in a Porsche electric vehicle as the cause for the fire, which ...
Ramboll to assist with Adriatic Sea renewable energy hub development Italian development company Agnes has appointed Denmark's Ramboll to deliver advisory and technical support for the Agnes Romagna Energy Hub located in the Adriatic Sea. Ramboll's scope of work spans across various disciplines, including concept design during the initial phase. Additionally, the company will provide strategic advisory services, estimating capital expenditures and operational expe
Tough week for MSC's vintage fleet It's been a tough week for the safety department at the world's largest containerline, with three of its 20th century-built fleet ships involved in troubling incidents around the world - one shot at by Houthis, another suffering an engine room blaze, and the other knocked out by engine failure. Starting in Canada, the Canadian Coast ...
Non-alliance liners double market share on Asia-Europe over the past year The market share of non-alliance liners operating in the Asia-Europe tradelane has doubled in the space of one year. New data from Alphaliner looks at the array of smaller brands who have come to fill the gap left by global liners who have quit serving Russian markets. Carriers such as New New Shipping, OVP Shipping, ...
RightShip adds sanctions data to platform Ship vetting platform RightShip is giving subscribers a much needed insight into sanctioned companies and ships. RightShip is integrating London Stock Exchange Group's (LSEG) World-Check into its platform to allow end-users, including charterers, financial institutions, traders, port authorities and shipowners to screen and assess vessels and the maritime companies that they do business with for
Three crew confirmed dead and several more seriously injured as Houthis claim a second casualty Liberia-registered, Greece-operated and Barbados-flagged bulker is targeted as 'American' on the basis of old links to US investor group Oaktree...
Ofac blacklists two more ships for helping Houthis The US has blacklisted two ships and their owners it said were helping the Houthis and Iran's Revolutionary Guards
Economou files lawsuit against Seanergy Maritime directors Complaint filed in the Marshall Islands takes aim at chief executive Stamatis Tsantanis and other directors, claiming that an issue...
Boxship sale and purchase market returns to life World's leading containership operator MSC is continuing to mop up secondhand vessels, while Greek owners are prevalent in both sales...
Dry bulk rates have room to rise Disruption in the Red Sea and low water levels in the Panama Canal could boost dry bulk rates by at...
Cecilia Eckelmann-Battistello dies Born in Italy in 1950, Battistello brought colour and glamour to the industry but was nevertheless a tough businesswoman who...
Red Sea war risk rates unmoved by Rubymar sinking Bulk carrier sinking is first total loss caused by Houthi attacks but 'if anything, the market is starting to flex...
Lila Global to buy more bulkers after doubling fleet Dubai-based Lila Global to focus more on secondhand dry bulk vessels after disposing of product tankers
Crude oil tanker newbuilding orderbook still historically low despite big upturn in orders The rising orderbook does not take into account the significant ageing of VLCCs on the water and the increasing scrapping...
Bulk carriers divert in record numbers from Red Sea to avoid Houthis Overall transits through Bab el Mandeb strait drop 9% week on week, led by lowest number of bulk carriers using...
Hanwha Ocean signs MOU to build 12 LNG carriers for Middle East shipper So far, the second phase of QatarEnergy's fleet expansion project has reportedly included agreements for 52 vessels
Is globalisation coming to an end? Not quite, but brace for slower trade growth Globalisation is changing and entering a new phase, and costlier future fuels may mean less trade in low-value goods
TEN emerges as owner behind Samsung shuttle tanker order The latest order, priced at $148m, brings to at least three the number of shuttle tankers being constructed for US-listed...
Cargo owners urged to pay up for energy transition now Lower-carbon fuels are available to shippers who want to reduce their emissions. But few are prepared to pay the additional...
Daily Briefing Sunken Houthi target Rubymar's only UK link was its disputed insurance cover | Cosco ships continue to brave Red Sea...
ONE's Jeremy Nixon confident on life after The Alliance The reshuffle of the alliances will see ONE without one of its largest partners. But Jeremy Nixon says ONE will...
Protectionist measures could proliferate amid upcoming US elections Trade-inhibiting measures are popular in the US across party lines, and more are likely to come as the US enters...
India-US ocean carriers delay planned rate hikes amid softer demand signals CMA CGM, Hapag-Lloyd and Mediterranean Shipping Co. have confirmed pushing their previously announced rate increases scheduled for this week to the second half of the month.
Intermodal volumes surge out of Savannah amid import/export boost Although the port is losing some intermodal service to the Midwest, demand is surging to core inland cities within the Southeast US.
TPM24: Industry veteran sees little value in ocean carriers integrating logistics services Otto Schacht, who's worked for Hapag-Lloyd and Kuehne+Nagel, said forwarders will remain vital to the industry thanks to a high degree of customer service.
TPM24: Time for shippers to step up and pay for green ocean services: executives Increased demand from cargo owners for expensive low-carbon transport options is essential to the development and production at scale of alternative fuels, TPM24 attendees were told.
IMC Logistics buys California drayage provider American Pacific The purchase of American Pacific gives IMC two new locations in California as US imports from Asia increase after a lackluster 2023.
ODFL sees LTL pricing rising faster than US freight demand The second-largest US less-than-truckload provider reported a slight increase in shipments in February, and improving US manufacturing may herald stronger demand ahead.
TPM24: Carriers' Red Sea rates 'a loan, not a gift': Sea-Intelligence CEO As soon as regular transits resume through the Suez Canal, ocean rates will fall and container shipping's endemic overcapacity will return, Alan Murphy told TPM24 attendees.
Podcast: A deep dive into US prosecutions of oil dumping at sea Audio edition of Green Seas explores the long-running debate over the long arm of US pollution law
Houthis pull off first deadly missile strike with attack on bulker Other crew members suffer burns as Iran-backed rebels target ship formerly linked to US fund manager
Washington ramps up sanctions actions against Houthis by blacklisting more tankers Treasury strikes again, but the Yemen-based militant group is becoming more destructive
First deadly Houthi missile strike feared with three seafarers missing from burning bulk carrier Crew members missing and other suffer burns as Iran-backed rebels target ship formerly linked to US fund manager
Safe Bulkers extends ship sales as vessels from $580m orderbook join fleet US-listed owner banks nearly $41m from two mid-sized bulker sales
Offshore shipowners strike bullish note and posture for higher period rates Offshore vessel owners complain charterers are still not providing necessary terms for long-term deals
Offshore giant Tidewater wary of order glut after 'lost decade' The head of the world's largest offshore vessel owner asks for strategic newbuilding orders
Chevron cargo in detained Advantage Tankers suezmax seized by Iran Tehran court ruling cites US pharmaceutical sanctions as the reason for the seizure
Crew head for lifeboats after US-linked bulker damaged in suspected Houthi attack Attack on Barbados-flagged True Confidence followed suspected Houthi radio messages urging change of course
Hanwha Group launches new marine engine building arm New affiliate Hanwha Engine will manufacture propulsion systems for global supply
'Mr Siem should be happy': Anchor-handler rates top $150,000 per day in sold-out North Sea Spot rate for Viking Supply unit is highest for a year, according to brokers
Himalaya locks in Koch newcastlemax on fixed-rate charter as earnings beat the Baltic Norwegian owner switching 2023-built ship from index-linked deal
Crew head for lifeboats after bulker damaged in suspected Houthi attack EU naval force warned that radio messages may be the start of an attack sequence against a vessel
Podcast: Experts weigh 'disruptive elements' in countdown to shipping's next EU carbon law FuelEU Maritime is latest shake-up in greenhouse gas reduction measure in shipping's regulatory framework
Insurance cloud hangs over bulker sunk by Houthi missile as pollution fears mount Bulk carrier had signed up with Thomas Millar Specialty for P&I cover
Repsol turns on shipowner as multi-billion dollar legal war rages over oil spill Mare Doricum still tied up in Peruvian waters two years after incident
Clarksons claims first brokerage of an LNG FFA trade on CME Broker declares 2023 as a 'record year' for LNG forward freight agreement trades
Explosion reported near US-owned bulker after master ordered to reroute EU naval force warned that radio messages may be the start of an attack sequence against a vessel
Pay-out promise: Tanker giant Hafnia has firm plans to deploy growing cash pile Dividend focus remains at tanker owner that continues to bank plenty of money
Kings of the grain gauntlet: These hungry shipowners are dominating new Ukraine trade in shadow of war Kyiv's plucky effort to rebuild its seaborne exports has beaten the previous UN grain corridor foiled by Russia
Pay-out promise: Tanker giant Hafnia has firm plans for growing cash pile Dividend focus remains at tanker owner that continues to bank plenty of money
HD Hyundai Heavy Industries nets top dollar FSRU newbuilding Floating storage and regasification unit linked to Mitsui OSK Lines' vessel for Poland
Winning Shipping strikes again with secondhand newcastlemax bulker buy NYK bulker is believed to be the fourth acquired by the company in 2024
New technology could extend LNG tank inspections intervals study finds GTT, Lloyd's Register and Shell team up with a look at predictive and monitoring technology
MOL and Petrobras plot new crude cargo transfer ships to undercut shuttle tankers Brazilian oil major takes Sealoader 2 on charter and wants more such ships
Norwegian shipowners confident of banking higher profits in 2024 Offshore revival among drivers of increased earnings, Norwegian Shipowners' Association says.
Ship master ordered to reroute by 'Yemen Navy' in Gulf of Aden EU naval force warned that radio messages may be the start of an attack sequence against a vessel
Maersk Tankers swings the axe with 'pools powerhouse' among 14 staff chopped Maersk Tankers has handed walking papers to 14 managers globally in a move it says was in the works before its Penfield acquisition
Captain-turned-exec grabs the wheel in shipping firm management takeover Dubai-based operation rebrands to Adhira Shipping & Logistics in pursuit of global bulker business
Rubymar impact sees shipowners park Red Sea return plans Clarksons Research reveals Red Sea traffic falls after brief uptick at the end of February
Hafnia takes back ownership of five product tankers worth over $200m Oslo-listed owner declares options for ships owned by Jiangsu Financial Leasing and CSSC Shipping
Major Greek shipowners snap up suezmax tanker newbuildings Cardiff Marine and Polembros Shipping have ordered tankers at shipyards in China
Why a VLCC and a tug boat collided and what can be learned from the incident Speed was also a factor in collision in the Corpus Christi Ship Channel in January 2023
George Economou sues Stamatis Tsantanis over his Seanergy Maritime super-voting powers Lawsuit complains CEO bought 49.99% voting control on $487m in assets for $250,000
Tug struck Saudi VLCC in US port after getting too close, says NTSB Speed was also a factor in collision in the Corpus Christi Ship Channel in January 2023
US Navy destroyer comes under attack as Red Sea crisis puts increased strain on African ports S&P Global says Red Sea diversions are highlighting the wide efficiency gap at African ports
RightShip adds sanctions screen to vetting tools in tie-up with LSEG Move aimed at giving clients of ship-vetting platform access to data on millions of sanction-related entities
Berge Bulk confirms order for two ammonia fuelled newcastlemax bulkers in China Bulker giant says order is part of 'Marshall Plan' to be carbon neutral by 2025 and achieve zero emissions by 2050.
George Economou sues Tsantanis over his Seanergy Maritime super-voting powers Lawsuit complains CEO bought 49.99% voting control on $487m in assets for $250,000
Qatar Airways says goodbye to Boeing 747 freighter A Qatar Airways 747 freighter touched down for the last time on Friday. The plane has been sold to UPS.
Borderlands Mexico: Mexican ports' cargo volumes surge in January Ports across Mexico moved 728,116 twenty-foot equivalent units during January, a 20% year-over-year increase.
Freight volumes build at the Port of Savannah Intermodal at Savannah posted its strongest February ever.
TSA rule change provides regulatory relief to air logistics providers Air forwarders are getting a break from the Transportation Security Administration that will save them time and money on administrative work needed to stay in a required security program.
Amerijet lost $33M in 12 months, downsizes Atlanta operation Cargo airline Amerijet has already downsized its fleet and workforce, and changed leadership, to stem the flow of red ink. The latest move is outsourcing a warehouse operation in the Southeast.
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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