VIDEO: Indian Navy rescues crew of hijacked bulker In a reminder that piracy off the coast of Somalia remains a growing threat, the Indian Navy has safely rescued all 21 crew, including 15 Indians from a bulk carrier that was
St. Johns Ship Building delivers first of three Windea CTVs St. Johns Ship Building, Palatka, Fla., reports that it has delivered the Windea Courageous, the first of three Incat Crowther 30 meter Crew Transfer Vessels (CTVs) ordered by Windea CTV, LLC, a
First ship in Seaspan LNG bunkering trio is in the water North Vancouver, B.C., based Seaspan Energy is celebrating the new year with the launch of the first of three 7,600 cubic meter LNG bunkering vessels, the Seaspan Garibaldi, named after Mount Garibaldi,
J.P. Morgan orders up to four CSOVs at Ulstein Norway's Ulstein Verft reports that it has entered into two offshore wind farm Construction Service Operation Vessels (CSOVs) newbuild contracts with J.P. Morgan. The Ulstein SX222 design vessels were originally optioned under
OOCL expands fleet with introduction of 24,000 TEU mega vessel Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL's fleet was named OOCL Valencia at the shipyard of Nantong COSCO KHI Ship Engineering (NACKS). This box ship is the seventh environmentally friendly 24,188 TEU vessel in a series of twelve ordered by OOCL, as well as the first new OOCL vessel in 2024 to run OOCL's A
ShibataFenderTeam supplies 11 SPC cone fenders for AGEO Terminals expansion ShibataFenderTeam, a leading international fender manufacturer, developed and supplied 11 SPC Cone Fender Systems (1300, G1.2) with closed box panels (2300 x 3860mm) pre-fitted with UHMW-PE pads to allow secure berthing for the bigger vessels. In addition, 11 double Quick Release Hooks (QRH 100t) were constructed and provided in collaboration with the firm's long-term partner company Straatman. A
APSEZ elevates Karan Adani to managing director role Adani Ports and Special Economic Zone (APSEZ), India's premier ports and logistics company, has announced the elevation of Karan Adani to the position of managing director, succeeding Gautam Adani, who now takes on the role of executive chairman of APSEZ, a dynamic integrated transport utility known for its rapid growth on a global scale. During his tenure as CEO, Karan Adani has steered APSEZ th
Port of Los Angeles appoints new chief harbour engineer The Port of Los Angeles is delighted to declare the appointment of Chris Brown as the chief harbour engineer, taking on the pivotal role of overseeing the Port's Engineering Division. Brown steps into this position following the recent promotion of Dina Aryan-Zahlan to deputy executive director of Development at the busiest port in America. As chief harbour engineer, Brown will spearhead the plan
ONE introduces Indian Ocean Mediterranean service (IOM) Ocean Network Express (ONE) introduces the Indian Ocean Mediterranean service (IOM), connecting key regions such as India, Pakistan, and the Middle East with the vibrant Mediterranean area. According to ONE, this new service is designed to elevate customer experience by providing expanded and improved service coverage in the region. The IOM service is set to deliver a dependable and high-quality
CMA CGM announces new FAK rates from Asia to Med and North Europe The French carrier, CMA CGM implemented new Freight All Kinds (FAK) rates as follows from 15 January 2024 (date of loading in the origin ports) until further notice: 20' 40'/40'HC/40'RF WEST MEDITERRANEAN US$3,500 US$6,000 EAST MEDITERRANEAN US$3,600 US$6,200 ADRIATIC US$3,550 US$6,100 BLACK SEA US$3,650 US$6,300 SYRIA US$3,932 US$6,773 These new FAK rates will be implemented in the following man
DSV opens new office in North Carolina DSV, a prominent global provider of transport and logistics solutions, unveiled the inauguration of a new office in Raleigh-Durham, North Carolina. This strategic move reinforces DSV's dedication to serving the flourishing healthcare and pharmaceutical industry, along with diverse business sectors in the region. "We are excited to announce the opening of our new office in Raleigh-Durham, a move t
MOL fixes ammonia carrier to Yara Japan's Mitsui OSK Lines (MOL) has inked a time charter contract with Yara Clean Ammonia Switzerland part of part of Norwegian fertilizer maker Yara for the ammonia carrier . The 2010-built 34,500 cu m vessel is expected to be engaged in the transportation of ammonia, mainly in the Pacific region. The unit, managed by MOL ...
Aker Solutions to test floating-wind power distribution hub Norway's Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) to pilot new subsea power system technology. The project will see Aker Solutions provide new power transmission technology, Subsea Collector, for the METCentre's offshore wind test area which consists of two floating offshore wind turbines located ...
Samsung Heavy scores $1.5bn FLNG order from Cedar LNG The Haisla Nation and Pembina Pipeline Corporation, partners in the development of the proposed Cedar LNG project, have selected Samsung Heavy Industries (SHI) and Black & Veatch to provide engineering, procurement, and construction for the design, fabrication, and delivery of a floating LNG production unit (FLNG). Cedar LNG now has major regulatory approvals, signed memorandums ...
Ditas adds another tanker Istanbul-based Ditas Shipping, a part of Turkey's Koc conglomerate, has emerged as the buyer of the 2022-built, 14,000 dwt HZ Singapura, tabling $21.5m for the Chinese-built tanker. The ship has emerged under its new name, T Balat. The ship was sold by Singapore-based Asiad Enterprise. Last year Ditas added an LR tanker for $50m, the 105,000 dwt, 2015-built Fos Athens, a ...
Turks pile in for more product tankers A newly registered Turkish outfit named Canna International has emerged as the taker of one of two 2004 built long range product tankers reported sold by German outfit Chemikalien Seetransport at the end of the year. Chemikalien Seetransport's latest two sales are a Hudong Zhonghu-built duo, Chemtrans Moon, renamed Mooni, and Chemtrans Sea, renamed Nile. Both ...
Noble and Petronas agree rig swap for Suriname gig Offshore driller Noble and Malaysian energy player Petronas have agreed to a rig swap for an extended scope offshore Suriname. Based on an existing contract option, Noble and Petronas have entered into an agreement for the 7th generation drillship Noble Voyager to drill one well in Block 52 offshore Suriname. The work scope has been ...
Samsung Heavy taps Korean rival to build blocks Such is the length of the orderbooks at South Korea's top yards that an unprecedented business partnership has been formed between Samsung Heavy Industries and Hanhwa Ocean, the shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering. Korea's top yards are struggling to keep up their production schedules, with orderbooks stretching deep into 2027. Samsung ...
Bulk carrier boarded off Somalia A Liberia-flagged bulk carrier was boarded yesterday by armed individuals while underway in waters some 460 nautical miles off Somalia. Details of the name of the ship have yet to be revealed. Somali pirates have been hijacking a number of vessels such as dhows in recent weeks and then targeting merchant ships passing by with ...
Canada gets its first Hong Kong-compliant recycling yard Canada has its first compliant ship recycling facility. Lloyd's Register has certified Nova Scotia's R.J. MacIsaac (RJMI), according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention). It is the first Canadian facility to be issued a statement of compliance to the convention, ...
Red Sea diversions testing African bunker supply Strong bunkering demand in African ports supported marine fuel prices in recent weeks, while persistent demand could reduce availability in...
Iran trading fleet grows by 100 ships as oil exports reach highest level since sanctions reimposed Iran's oil exports closed their best year since the reimposition of sanctions in 2018, while the fleet servicing its sanctioned...
Tanker freight rates via Red Sea routes rise as transits decline Only freight rates for key flows via the Red Sea have surged, while tanker diversions have picked up but not...
Operation Prosperity Guardian: Use it or lose it Say thank you to the navies that are working together to keep the Red Sea open for business. Not to...
Red Sea war risk rates soften as insurers price in Prosperity Guardian Underwriters said to be seeking exact details of the rules of engagement
Box freight rates rise again as diversions resume Capacity soaked up by extended passages will reduce available slots, supporting freight rates. Carrier surcharges are also adding to costs...
Shanghai's container growth rebounds in 2023 with record barge service However the way that barge transport is counted in throughput figures may be inflating the results
Indian Navy rescues 15 crew of hijacked Lila Norfolk All crew are safe with no attackers found on board. Owner Lila Global thanked the Indian Navy and agencies for...
Maersk Red Sea avoidance drives new fees on shippers Latest diversion plans published by Maersk indicate more of its boxships have opted for the longer route
Daily Briefing Maersk Red Sea halt prompts more Cape diversions | Red Sea activity down nearly 20% after containership exodus | Liberia-flagged...
Carriers quoting trans-Pac rates of $5,000/FEU on Suez-linked equipment imbalances The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year.
US trucking workforce on edge of seasonal cliff after job losses US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand.
HMM boosts India-USEC capacity by signing onto ONE's new WIN service HMM has opened an array of connections out of India in recent years, including the launch last August of a solo, 12-vessel string connecting the Far East, the Middle East and the Mediterranean.
Red Sea attacks tackle high capacity-low rate challenge for carriers Some analysts are reassessing their outlook for the container shipping industry as the Red Sea crisis absorbs capacity and pushes rate levels higher on the Europe and US East Coast trade lanes out of Asia.
MSC, CMA CGM look to push stagnant trans-Atlantic rates higher Rates on the headhaul corridor have been loss-making for the last few months, so carriers are trying to get prices up to what they consider more sustainable levels.
Gulf Coast ports eyeing expansion amid 'modest' growth forecast Although they were unable to completely escape last year's downturn, ports in the region recorded import declines that were well below the national average.
George Economou demands the heads of OceanPal directors as proxy fight looms Greek tycoon's pursuit of Palios family targets continues as shares stake tops 10%
Editor's selection: Red Sea attacks continue to plague shipping What has been happening so far in 2024?
Big freeze strands cargo ships in Baltic Sea ice Ice breakers being deployed to help commercial vessels as harsh winter conditions surprise
'Crew safe': Hijacked bulker stormed by commandos after Somali attack Piracy attempt abandoned after Indian navy intervenes - all crew members are safe and accounted for
Indian commandoes seize control of hijacked bulker Shipowner says all crew members have been rescued during the military operation off the coast of Somalia
'Role model? I like that thought': Meet the woman breaking new ground at Bimco Stinne Taiger Ivo is not daunted by the workload of revising contract clauses or becoming Bimco's first female deputy secretary general
Editor's selection: Red Sea shipping attacks continue to plague shipping What has been happening so far in 2024?
'Crew safe': Hijacked bulker stormed by commandoes after Somali attack Shipowner says all crew members have been rescued during the military operation off the coast of Somalia
JP Morgan deepens offshore wind investment with Ulstein newbuilding deal Bank builds on $8bn bet on transport assets with possible four-ship transaction
Maersk sounds alarm as Red Sea terror fallout drags vessels away from other trades Red Sea diversions affect one-fifth of container fleet, according to Flexport
Houthis launch sea drones for first time in fresh assault on Red Sea shipping US military says the device exploded in international shipping lanes but caused no damage
Norwegian law firm adds firepower with veteran hire Christian Bjortuft Ellingsen joins as a partner
Indian warship rushes to intercept capesize bulker hijacked off Somalia The Lila Norfolk has at least 15 seafarers on board who made it to the ship's citadel
Seatrium sees $190m wind farm newbuilding contract cancelled by BP and Equinor Yard says it will use construction capacity set aside for this project to carry out other contracts
Pirates strike again? Armed gang boards bulk carrier off Somalia, says security specialist Vessel targeted in area linked to a resurgence of piracy in recent weeks
Solvang extends VLGC newbuilding series at Hyundai Heavy Industries to seven Yard scoops new orders at a higher price
MOL to pursue 'aggressive investment' in its new cruise business, says boss Hashimoto Shipowner fixes out ammonia carrier to Yara Clean Energy
Clarksons to post record full-year profit powered by broking arm - shares surge London-listed company set to exceed market expectations
Red Sea 'time bomb': How broker rallied insurers to save giant tanker A ship-to-ship transfer from the ageing crude carrier was successfully completed last year
Offshore construction market faces bright future as subsea demand soars Subsea vessels in particular demand as they serve both oil and gas projects and offshore wind farms
South Korean shipyard heavyweights strike 'unique' deal to crack supply chain crisis Shipbuilders unite for first time to solve shortages
Clarksons forecasts full-year profit hike backed by strong broking performance London-listed company set to exceed market expectations
Indian warship rushes to intercept bulker hijacked off Somalia The Lila Norfolk has at least 15 seafarers on board who made it to the ship's citadel
Seatrium's $190m US wind farm newbuilding contract cancelled Yard says it will use construction capacity set aside for this project to carry out other contracts
Red Sea 'timebomb': How broker rallied insurers to save giant tanker A ship-to-ship transfer from the ageing crude carrier was successfully completed last year
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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