Gladding-Hearn redelivers Bermuda ferry following major refit The Government of Bermuda's Marine and Port Services has taken delivery of the 700-passenger ferry Bermudian after a major refit at Gladding-Hearn Shipbuilding. Engineering and project management were jointly handled by the
Photos: Ship Repair USA 2024 in review Photos of last month's Marine Log's Ship Repair USA conference are now available. Marine Log held its second annual Ship Repair USA conference in the French Quarter of New Orleans on June
VIDEO: Volvo Penta extends marine remanufactured engine range Volvo Penta has expanded its range of remanufactured drivelines for marine customers to include complete D13, D8, D4 and D6 engines and the complete Inboard Performance System (IPS) range. The company says
Eastern to build four new CARB-compliant escort tugs for Saltchuk Panama City, Fla., based Eastern Shipbuilding Group (ESG) reports that it has been awarded a contract to construct four new Robert Allan Ltd. RApport 2600 escort tugs for Saltchuk Marine. They will
Columbia Group and Crowley in strategic cooperation The Columbia Group and Crowley have signed a strategic cooperation agreement that, they say, broadens both companies' ship management solutions for customers, drawing on their extensive expertise across the maritime, logistics and
Louis Dreyfus Armateurs orders two new CTVs at Strategic Expanding its crew transfer vessel fleet from five CTVs to seven, France's Louis Dreyfus Armateurs has placed an order at Strategic Marine for two sister ships to its Esti'Vent and Acti'Vent, both
Porto Itapoá handles nearly 600,000 TEUs during first half of 2024 Porto Itapoá experienced its best semester and month in history during the first half of 2024. The Brazilian port registered a total throughput of 597,338 TEUs in the first six months of the year, marking a 12% increase from the same period of 2023. Felipe Fioravanti Kaufmann, director of Business Development and Customer Experience at Porto Itapoá attributes this growth to the expanding Asian ma
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Port of Oulu enhances cargo handling capabilities with Konecranes order Port of Oulu has placed an order for a Konecranes Gottwald ESP.7 Portal Harbor Crane to enhance cargo handling capabilities at their Main Quay. Scheduled for delivery in the second quarter of 2025, this Generation 6 machine will enable operators to reach across special RoRo vessels with containers stacked high on deck, in addition to managing general cargo. "This new portal harbour crane will exp
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Wärtsilä chosen for ammonia systems on two new gas carriers Wärtsilä Gas Solutions (WGS), a division of the technology group Wärtsilä, has been contracted to provide the fuel supply and cargo handling systems for two new gas carriers designed to operate on ammonia fuel. These vessels are being constructed at Hyundai Mipo Dockyards (HMD) in South Korea for ship owner EXMAR LPG, a joint venture between EXMAR, a versatile provider of maritime and offshore so
Cargo ship sinks in Malaysia after ballast tank cracks A general cargo ship sank near Tanjong Rhu, Malaysia, this morning (8 July), after a hole was detected in its ballast tank. All 10 crew members were rescued by the Malaysian Maritime Enforcement Agency (MMEA). Captain Abdul Muhaimin Muhammad Salleh, director of MMEA's Selangor branch, said in a statement that the agency received a call at around 3.35 am local time, saying the crew of the 1988-bui
SFL announces newbuild orders and long term charter agreements SFL Corporation has agreed new five-year time charters on four 8,700 TEU container vessels, which will add approximately US$240 million to the company's fixed rate charter backlog. The vessels have been on charter to Danish container giant Maersk since they were new and the current charters were due to expire in 2025. The vessels were built in 2014-2015 with a modern, wide-beam design and fuel-ef
CMA CGM introduces overweight surcharge from Djibouti to Europe CMA CGM has informed its customers of an overweight surcharge (OWS) for cargo from Djibouti destined for North Europe, Scandinavia, Poland, West Mediterranean, East Mediterranean, Adriatic, Baltic, North Africa and Morocco. The surcharge will be effective from 15 July (loading date), until further notice and will be US$200 per 20' dry container with a gross container weight of 15 tons or more. If
Palm oil spill in Malaysia's Port Klang Officials in Malaysia's Selangor state are cleaning up an oil spill in Malaysia's Port Klang on 5 July, after a hose at a factory's palm oil storage began leaking. The oil spill, observed by the Selangor Water Management Authority (LUAS), caused some parts of the waters to turn orange. LUAS said, "The leak is believed to have caused oil to spill into the drain at the premises, which flowed into t
LR joins forces with H2Terminals for pioneering UK green hydrogen initiative Lloyd's Register (LR) has signed a Memorandum of Understanding (MoU) with H2Terminals Limited and its supply chain partners, HiDROGEN and D3IM, to evaluate the feasibility of a green hydrogen (H2) infrastructure project in the UK. The collaboration will focus on the floating production and transport of H2, as well as identifying regulatory requirements, including safety cases and risk assessments
CMA CGM announces peak season surcharges worldwide Marseille-based box line CMA CGM has announced a Peak Season Surcharge (PSS) for shipments from all Middle East Gulf & Pakistan ports to South Africa. This surcharge will be effective from 20 July (loading date) and will be US$200 per 20' container. This surcharge applies until further notice, indicating it will be in place indefinitely until CMA CGM decides to adjust or remove it. Additionally,
COSCO, GSBN issue first blockchain-based green shipping certificate COSCO SHIPPING Lines and Global Shipping Business Network (GSBN) have been collaborating to launch HI-ECO, a blockchain-based shipping product. "This innovation provides traceable and verifiable green certificates to accelerate global trade decarbonization," said COSCO in a statement. GSBN utilizes its blockchain network to store Proof of Sustainability (PoS) for biofuels, ensuring that each gree
CMA CGM increases FAK rates from Djibouti French ocean carrier CMA CGM has announced new Freight All Kind (FAK) rates, effective from 15 July 2024, based on the loading date at the origin ports. These rates will apply to dry cargo shipped from Djibouti to all ports in Northern Europe, the Mediterranean, and North Africa. From Djibouti to: Amount in USD per 20' Amount in USD per 40' North Europe US$2,450 US$3,250 Mediterranean US$2,450 US
Indian organisations to jointly develop ship trajectory prediction tool The Indian Register of Shipping (IRS) and the Indian Institute of Technology Bombay (IIT Bombay) have signed a Memorandum of Understanding (MOU) to enhance maritime safety by developing a ship trajectory prediction tool. The two parties believe that predicting the trajectory of disabled ships is crucial for maritime safety, as it allows for early warnings and efficient planning of rescue operatio
Leadership change at Ardmore Shipping New York-listed, Ireland-based tanker owner and operator Ardmore Shipping has announced the retirement of its founder and chief executive, Anthony Gurnee, later this year. Gurnee will be succeeded by the company's current executive and chief commercial officer, Gernot Ruppelt, in September. In addition, Ardmore's chief of finance, Bart Kelleher, has been promoted to take on ...
Fredriksen's SFL bags $240m in boxship charters from Maersk John Fredriksen's SFL Corporation has agreed new five-year time charters for four 8,700 teu container vessels. The company said in a statement that the new contracts would add approximately $240m to the company's fixed-rate charter backlog. According to the New York-listed diversified shipowner, the vessels have been on charter to Danish giant Maersk since they ...
Columbia Group enters into alliance with Crowley Shipmanangement giant Columbia Group and American maritime conglomerate Crowley have paired up and will leverage their experience to widen their footprint in both the US and global markets. According to Columbia, the customers of the two companies will be able to leverage the capabilities of both organisations for a greater scale of international management services. ...
Fratelli Cosulich orders up to four methanol-ready bunker vessels Italian owner Fratelli Cosulich has contracted up to four methanol-ready chemical bunkering tankers at Taizhou Maple Leaf Shipbuilding in China. The deal covers two firm 7,999 dwt IMO type 2 bunker vessels, with options for two additional units. The ships have been design to carry a variety of cargoes, including fueloil, biofuels, and methanol. The ...
Orix inks first bulker newbuilds since Santoku Senpaku takeover Japanese finance and trading house Orix Corporation and its subsidiary Santoku Senpaku have ordered their first newbuilds since the takeover earlier this year. The order has been spread between compatriot builders Tsuneishi and Oshima for two methanol dual-fuel kamsarmax bulk carriers and one more unspecified bulker, respectively. The deal is also Orix's first for methanol-fueled ...
Shipping's winners and losers from an end to the Red Sea shipping crisis Despite belligerent rhetoric and videos and images of enhanced military assets, it has now been eight days since the last confirmed incident in the Red Sea reported by merchant vessels to the United Kingdom Maritime Trade Operations (UKMTO). This comes after a severe escalation by the Houthis in June both in terms of the number ...
Dry bulk industry throws support behind Geneva Dry 2025 Delegates, speakers and sponsors are flowing into the next edition of Geneva Dry, the world's premier commodities shipping conference, scheduled for April 28 and 29 next year at the Hotel President Wilson. Having been forced to issue a sold out sign two weeks ahead of the inaugural edition of Geneva Dry, people keen not to ...
MMA Offshore shareholders approve Cyan takeover Shareholders of Perth-based OSV operator MMA Offshore have voted in favour of the proposed acquisition of 100% of the company's issued shares by a subsidiary of Singapore-based offshore wind vessel pure-play Cyan Renewables. Late last month, Cyan offered AUD 2.70 ($1.80) cash per MMA share. This was an improved proposal compared to an offer in ...
Siem and Sveaas wrap up ships for shares swap deal Norwegian offshore vessel operator Sea1 Offshore has completed the vessels for shares swap with Kristian Siem and sealed a refinancing deal. The Christen Sveaas-led company has sold nine OSVs to Siem in exchange for his 35.7% shareholding and assumed $117.5m of existing debt as part of the deal struck in April this year. Sea1 has ...
EMGS to conduct first-ever OBN survey in Barents Sea Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has entered into an agreement for a fully pre-funded ocean bottom node (OBN) seismic survey in the Barents Sea. The survey, which will be undertaken in collaboration with Velocitas Geo Solutions, will be EMGS' first venture into seismic node projects. The survey, set to begin in the third ...
Danaos linked to more boxship orders Greek owner Danaos has been linked to another order this year, taking the company's newbuilding programme to 18 vessels. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted four 9,000 teu ships at China's state-run Dalian Shipbuilding Industry Co (DSIC), according to newbuilding sources. Danish outfit MB Shipbrokers, formerly Maersk Broker, ...
Tsakos signs for LR1 newbuilds at two Chinese yards Greek owner Tsakos Energy Navigation (TEN) has firmed up orders for five LR1 tankers in China. Brokers report the New York-listed firm, which earlier this year revealed "firm discussions" with Far Eastern yards, has signed up for four 75,000 dwt newbuilds at New Times Shipbuilding and one at Yangzijiang Shipbuilding. A price tag of $55m ...
MSC swoops on BAL 14,000 teu newbuilds As liners and tonnage providers seek out free newbuild slots, Mediterranean Shipping Co (MSC) has picked up two containerships under construction in China from BAL Container Line. BAL's parent company, LC Logistics, said in a Hong Kong Stock Exchange filing that MSC had been novated contracts for a pair of 14,000 teu boxships at Jiangnan ...
Threat of port strikes across North America has shippers on edge The threat of port strikes across North America continues to send jitters across already stressed supply chains. Canada's Industrial Relations Board (CIRB) over the weekend ruled that a planned 72-hour strike against DP World in Canada went against the country's labour code, narrowly averting a three-day shutdown this week. The ILWU Ship & Dock Foremen ...
New inland shipping company launched A new inland shipping company has been established by the Dutch-based Amer Shipping and Germany's MSG eG. Stream Shipping, based in Raamsdonksveer, the Netherlands, will be an independent company with its own vessels for new capacities on the inland shipping market, the founders said, without specifying the fleet. The business will aim to further develop ...
Terntank lifts methanol and wind-ready tanker orderbook to five Tanker owner Terntank has added another battery hybrid, methanol and wind assist-ready newbuild at China Merchants Jinling Shipyard, taking its orderbook at the yard in Yangzhou to five. In March, the company returned to China Merchants Jinling for its fourth 15,000 dwt unit and secured an option for an additional newbuild, which has recently been ...
Container lines charter breakbulk tonnage, pushing up rates Multipurpose vessel (MPV) charter rates are rising as tight capacity due to diversions away from the Red Sea, port congestion and higher spot rates prompt shippers to shift containerized cargo to MPVs.
ILWU Canada illegal strike ruling averts Vancouver shutdown Maritime employers at the Port of Vancouver prevailed at a last-minute federal hearing over a strike vote that longshore foremen took against DP World.
Small Mexican domestic intermodal market sees big growth Mexico's domestic intermodal market is benefiting from the relatively new "near-shoring" trend, writes intermodal analyst Lawrence Gross.
Uniatlantico acquires majority stake of EMS-Fehn-Group maritime division Consolidation in short-sea sector as two north German operations are merged
Is a 'perennial' merger candidate ripe to be plucked after changes at Ardmore? Market weighs news of Tony Gurnee's retirement, and bigger fish are in the water
Four aframax tanker fixtures fail on subjects as single VLCC mops up key cargo Bad start for owners of smaller tankers, who lost out on import business
Hitachi Zosen admits to fixing emissions data for more than 1,000 engines Engine maker reveals shop trial results manipulated for fuel consumption and NOx emissions
Allied Shipbroking plots extra research power as Chara Georgousi joins from rival Greek shop's QuantumSea operation viewed as core department
Hitachi Zosen admits to fixing emissions data for over 1,000 engines Engine maker admits shop trial data adjusted for fuel consumption and NOx emissions
Prime Tanker sales spree extends with premium disposal of product carrier Broker reports see vessel earning slight premium as tanker values stay strong
Tony Gurnee: The public face of Ardmore signing off after a 40-year shipping career Tanker chief bows out at company he founded after varied career taking in banking and the US Navy
Ardmore Shipping founder Tony Gurnee to retire at the top Ireland-based product tanker owner promotes CCO Gernot Ruppelt and finance chief Bart Kelleher as CEO steps down
John Fredriksen's SFL confirms four charters with Maersk worth $240m SFL has increased its fixed-rate charter backlog by $2bn this year
DryDel doubles its money on bulker in 18 months as owners 'enticed by persistently firm prices' Sale comes as several supramaxes and ultramaxes are being circulated
Danaos Corp tied to $400m deal for container ship newbuilding quartet NYSE-listed tonnage provider ties up second boxship order of the year
Italian shipowner Fratelli Cosulich orders up to four tanker newbuildings Vessels are designed to carry a range of cargoes, including fuel oil, biofuels and methanol
Columbia Group pairs with Crowley to access Jones Act market Cyprus-based ship manager and US shipowner forge partnership to reach new markets
Diana Shipping wins pay rise from NYK for newcastlemax charter extension Deal of more than a year sees rate increase from $17,700 to $28,700 per day
Cheap Chinese steel exports shake Indian shipbreaking market with price hit Glut of imported steel causes pessimism at Alang, while Chinese shipowners send ships to Bangladesh
Tankers make strong start to second half in 'turbulent' year, Gibsons says Continuing disruption and hurricane season could cause more volatility, broker argues
Pantheon Tankers ship damaged after hitting reef off the Cayman Islands Government says investigation has begun into incident involving the MR Sea Elephant
'Robust cross-market strength': Container ships star as shipping rides rates wave in first half Geopolitical disruption tipped to drive strongest tonne-mile growth for more than a decade
Pantheon Tankers ship damaged after hitting reef in the Cayman Islands Government says investigation has begun into incident involving the MR Sea Elephant
American Club cuts riskier ships from fleet as premium income takes a tumble Smallest member of the international group says it is well placed to deal with future sanctions challenges
Flailing Chinese real estate sector and falling coal demand to dent dry bulk, DNB warns Bank believes 'significant downside risks outweigh the potential' and remains cautious on the sector
MMA Offshore's shareholders overwhelmingly approve Cyan Renewables takeover bid Australian-listed offshore energy maintenance contractor will submit the scheme to the federal court for the final go-ahead
Kristian Siem and Christen Sveaas complete nine-ship split of offshore venture Company has made payments on two loan tranches and lifted covenant restrictions
John Fredriksen cash machine has paid $2.7bn in dividend and sees deal flow to double portfolio Chief executive Ole Hjertaker eyes growth as SFL celebrates 20 years on the New York Stock Exchange
Turkey's Akbasoglu Holdings orders handysize product tanker newbuildings in China Shipping arm Trans KA Tankers books quartet at Wuhu Shipyard
GEM and Asia Pacific Shipping ink tanker orders worth $392m at K Shipbuilding Dubai shipowner contracts panamax product carriers and Vietnamese company books two MR2s
Floating ship repair yard design proposed to ease berth space issues Why bring in a floating dock when you can get a whole yard afloat instead?
Hurricane Beryl shutters Texas coastal shipping lanes Ports along the Texas Gulf Coast remained closed as Hurricane Beryl moved through the area Monday.
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