VIDEO: HII christens Virginia-class submarine Arkansas (SSN 800) HII (NYSE: HII) christened the Virginia-class submarine Arkansas (SSN 800) at its Newport News Shipbuilding (NNS) division, Dec, 7. The ship's sponsors are the six women of the historic group known as
MAN completes Maersk Halifax methanol retrofit PrimeServ, MAN Energy Solutions' after-sales division, has completed the world's first retrofit of the engine of a very large container vessel, the Maersk Halifax, to dual fuel methanol operation. The 15,000 TEU
Could Magellan Straits Be an Alternative Re-Routing Spot? The Straits of Magellan, located at the southern end of South America, could potentially offer a feasible alternative to the Panama Canal, particularly when issues such as droughts may hinder the canal's capacity. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
CN Photo Project: The Picture of the Month Container News wants to thank you all for participating in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Month" for November. Title: Evergreen Box Wrapped in Leaves Photo taken by Isabella Garcia Be part of the CN Photo Project and stay tuned to see your photo posted on Container News as
Wallenius Marine trials ship design for world's first wind-powered PCTC vessel Wallenius Marine is conducting advanced wind tunnel tests for the world's first wind-powered PCTC (Pure Car and Truck Carrier) vessel. The tests are being carried out in Sweden's Gothenburg, at one of Europe's most advanced wind tunnels, with wind speeds of up to 250 km/h. Wallenius Marine is gathered with experts from RISE, KTH, and Oceanbird in Gothenburg for a series of crucial tests to valida
Regime Change in Syria: Implications for Regional Trade and Stability Syria has officially experienced a regime change, marking the end of President Assad's government, an incident which is about to bring major changes in regional stability, thus affecting the shipping industry in general and the regional ports more specifically. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating T
New deal sees Harbor Industrial take helm of Portland's Terminal 6 operations Port of Portland and Harbor Industrial have reached a framework agreement for the operations of Terminal 6, Oregon's only international container terminal. According to the agreement, Harbor Industrial will become the long-term operator of the box terminal. This is the latest development in the US port's efforts to rebuild and grow container service at Terminal 6, which is currently operated by t
Container shipping navigates both challenges and opportunities in adopting new technologies The container shipping industry is at a critical crossroads, with the integration of technology serving as both a challenge and an opportunity. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
FMC requests additional information about Premier Alliance The US Federal Maritime Commission (FMC) said the Premier Alliance of HMM, Ocean Network Express (ONE) and Yang Ming will not go into effect, because the Commission needs more information to determine the potential competitive impacts of the arrangement. The Premier Alliance Agreement would have gone into effect on 12 December absent this action by the Commission. FMC uses the RFAI process to obt
PIL strengthens South West Africa service Singaporean box carrier Pacific International Lines (PIL) will enhance its flagship South West Africa Container Service (SWS). The SWS will include a weekly direct calling at Abidjan, Côte d'Ivoire, with PIL aiming to strengthen its network coverage of West Africa. The enhanced SWS commences today (9 December) with Kota Sydney departing the port of Xingang in China. The enhancement follows the co
More than 4,000 passengers stranded after MSC cruise ship malfunctions The Taiwanese government has arranged special flights to bring more than 1,800 Taiwanese passengers home after an MSC cruise ship broke down in Naha in Japan's Okinawa prefecture. The 2019-built ship, MSC Bellissima, which has 2,259 passenger cabins, operates a four-night cruise between Keelung, Taiwan and Naha. The ship is said to be one of the largest cruise vessels in Asia. MSC Bellissima suff
APM Terminals accelerates Suez Canal Container Terminal electrification process Finnish port equipment manufacturer Kalmar has supplied APM Terminals with an electric reachstacker to be piloted at the Suez Canal Container Terminal (SCCT). The order, booked in Kalmar's Q3 2023 order intake, marks a step in both companies' commitment to advancing the electrification of terminal operations. The reachstacker has now started the piloting phase and over the coming months, APM Term
ICTSI's Contecon Guayaquil brings back five box lines, strengthening connectivity with Asian market Contecon Guayaquil (CGSA), Ecuador's main port and subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a new commercial agreement for the Asia-South America (ASA) service, further strengthening its connectivity with the Asian market. The agreement brings back five shipping lines, Wan Hai, Pacific International Lines (PIL), Cosco, Evergreen and Yang Ming, and their sh
Hapag-Lloyd introduces new surcharge from Egypt to West Africa German ocean carrier Hapag-Lloyd has announced that a new Equipment Imbalance Surcharge (EIS) will be implemented from Egypt to West Africa. Effective from 15 December, Hapag-Lloyd will apply a surcharge of US$700 per dry 20' container originating from all ports in Egypt to all ports in West Africa. The Hamburg-based company noted that the West Africa region includes Angola, Republic of the Congo
ONE teams up with Ningbo Zhoushan Port Group to boost shore power utilization Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on 6 December to share best practices and explore approaches to shore power utilization. Two days earlier, a milestone was achieved with the successful trial and commissioning of ONE's Alternative Marine Power (AMP) container at NZPG's terminal. The ocean carrier has a nearly decade-long experience in utilizing APM
Somaliland's Berbera Port as key spot in Red Sea geopolitics The expansion of Berbera Port underscores its increasing significance in regional commerce and geopolitics, positioning it as a key maritime center in the Horn of Africa. The port is vital to Somaliland's economy, providing substantial revenue and employment opportunities. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please conside
What Do Mass Tort Attorneys Do? Mass tort attorneys play a vital role in the legal field, representing individuals who have been harmed by products, drugs, or services that have affected large groups of people. Unlike class action lawsuits, where a single group sues as one entity, mass tort cases involve multiple individuals suing separate defendants over similar claims. These cases often arise from defective products, harmful
Contship launches Milan-Marcianise rail service The Contship Group's multimodal transport operator, Hannibal, has announced a new direct service connecting Northern Europe and Southern Italy. Beginning on 3 December 2024, the service will link the Milan Rail Hub in Melzo to the Marcianise-Maddaloni terminal in Caserta, addressing the rising demand for sustainable and efficient logistics solutions while solidifying Contship's position in Europe
ONE shows China an alternative way to power ships at port Japanese containerline Ocean Network Express (ONE) has for the first time utilised shore power during lift-on and lift-off operations of an alternative marine power (AMP) container in a Chinese port. This was done ahead of a symposium which shared best practices and explored innovative approaches to shore power utilization. Before the symposium, ONE held a ...
Merchant shipping gives Syria a wide berth in the wake of Assad's ousting Syria has become a no-go zone for international merchant shipping following the ousting of the Assad family from power. Ships are giving the Middle Eastern nation a wide berth in the wake of the uprising that saw Bashar al-Assad fly to Russia over the weekend, ending more than 50 years of rule from his family. ...
China deploys navy in drills around Taiwan Merchant shipping has been warned it needs to tread carefully when passing through one of the world's busiest shipping lanes this week as China carries out military drills around the island of Taiwan. China has bumped its number of navy and coast guard ships in waters near Taiwan, the southern Japanese islands, and the East ...
Are unmanned surface vessels the key to reducing downtime in offshore operations? As global energy demand persists and the race to net zero intensifies, the pressure on the energy sector is palpable. What's more, the industry is fraught with complexity, where some of the harshest environments pose risk and danger at every turn. Here, Matthew Ratsey of Zero USV, argues that new technologies can rise to these ...
CMB.TECH sells three suezmaxes Compagnie Maritime Belge-controlled CMB.TECH has sold three suezmax tankers. CMB.TECH stated the Selena and Cap Victor, both built in 2007, and the 2008-built Cap Felix have been sold to a subsidiary of CMB at today's market value as part of an ongoing fleet rejuvenation. The sale will generate a capital gain of $70.93m, CMB.TECH said. ...
Malta enters offshore wind with first ever tender launch The government of Malta has launched a tender to develop the country's first offshore wind farm some 22 km off its coast. The offshore wind farm will use floating technology and have a capacity somewhere between 280 and 320MW. The project will also be awarded a contract for difference by Malta's ministry for the environment, ...
Noble gets more work for three rigs and one termination notice Offshore rig owner Noble Corporation has won three extensions for its rigs but also received one notice of early termination. According to Noble's latest fleet status report, Japanese oil and gas major Inpex exercised the option for early termination of their time-based contract with the 2010-built floater Noble Deliverer working offshore Australia. The termination does ...
Ukrainian Danube Shipping Company puts entire deepsea fleet up for auction The Ukrainian Danube Shipping Company (UDP) has put its entire deepsea fleet up for auction as part of strategic restructuring. State-run UDP said the decision was made as it wants to focus on modernising its river fleet. The six small dry bulk ships will be auctioned in a single lot on December 13. Two vessels ...
How the Houthis fired liner earnings to extraordinary highs No shipping sector has profited more this year from the ongoing Red Sea crisis than the container industry. The Houthis in Yemen have delivered the most profitable year in the history of liner shipping aside from the covid era earlier this decade. Putting perspective on how the Red Sea shipping crisis has buoyed earnings, analysts ...
Premier Alliance launch delayed as US demands more details The Premier Alliance, a new Asian liner grouping, had planned to start selling bookings later this week, something that will now likely have to be put on hold following intervention from the US. The Premier Alliance is made up of members of the soon-to-disappear THE Alliance, minus Hapag-Lloyd, who is leaving it to join forces ...
Petredec offloads majority stake in Carib LPG LPG shipowner Petredec has sold its 60% stake in Carib LPG to an investor group led by Tropical Energies Corporation (TRENCO) and Windward Investment for an undisclosed amount. TRENCO is a provider of gas, water and energy solutions based in Panama. Windward is the investment holding company of the co-founding Lewis family and current 40% ...
Transpacific spot rates hit by combo of lower US imports and higher vessel supply It makes sense that transpacific spot rates are lower. US imports are far from weak but they're declining sequentially amid...
Intermodal Shipbrokers absorbs rival Golden Destiny Golden Destiny founder Michail Kokkinis and his team have already joined Intermodal, which is celebrating its 40th anniversary
Syria crisis creates new risk for shipping and questions for Iran's dark fleet The immediate shipping fallout from the downfall of Bashar al-Assad's regime in Syria will be limited to Iran's dark fleet...
Methanol-to-H2 start-up has a plan to power ports Converting methanol to hydrogen to use in fuel cells could help provide green power in ports where green electricity is...
Major shipping names and big issues dominate 2024 Greek Awards WISTA International president Elpi Petraki and IMO chief Arsenio Dominguez took top individual awards, while Angelicoussis Group and Capital Group...
Petredec offloads stake in Carib LPG Petredec is selling its 60% in LPG operator and trader Carib LPG, which it co-founded in 1991, to Panamanian business...
The week in charts: Falsely flagged tanker transits English Channel | No container rate upside yet from strike prep | Geopolitical risk biggest threat to shipping Yi Meng Shan, formerly Attica, abruptly reversed a course that originally indicated the tanker taking a route around Britain to...
The shipowner crewing tankers with 50% women... and the trailblazing Wista founders Michelle Wiese Bockmann speaks to Hafnia to learn more about its pioneering maritime culture lab and returns to the pub...
Large cocaine shipment stopped at Dominican Republic port Discovery at the port of Caucedo is the latest to see an important seizure of drugs, following the 13 tonnes...
Abandoned cargoship raises Red Sea collision concerns A mystery explosion in the engine room of the ISA Star on Friday left the 24-year-old ship abandoned and drifting...
Shipping's ageing fleet and mounting crew crisis heighten systemic risks for insurers Maritime industry continues to push the global fleet to its limit, playing a dangerous game of Russian roulette with crew...
The week in newbuildings: CMA CGM rumoured in talks for multiple mid-sized boxships Up to 30 mid-sized boxships are rumoured to be under discussion for service with France's CMA CGM for delivery by...
UK-sanctioned, falsely flagged tanker laden with Russian crude transits English Channel Yi Meng Shan, formerly Attica, abruptly reversed a course that originally indicated the tanker taking a route around Britain to...
Boxships will slow down towards 2030 amid green fuel shortage, says Habben Jansen Hapag-Lloyd chief executive Rolf Habben Jansen said he expects container shipping will have to slow down to meet green targets...
Japan Club sets out renewal stall Marine mutual publishes combined ratio details
One seafarer missing as product tanker grounds off Taiwan The tanker ran aground with empty tanks. There are no reports of an oil spill thus far
Ports and terminals face climate and infrastructure challenges Insurers are an important piece of the solution to protecting global trading routes
MSC sells 17th containership of the year for recycling Two chemical tankers, a 29-year-old aframax tanker and another MSC boxship are set to hit recycling beaches
Norden chief rejects navy calls to consider Red Sea return An EU Navfor commander said on December 3 that 15% of ships could safely return to Red Sea as they...
FMC postpones approval of Premier Alliance pending additional information The Premier Alliance of ONE, HMM and Yang Ming, is set to start in February 2025 and operate for five...
The Daily View: Fundamental change Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
One Hundred People 2024: Shipping's elite take pragmatic stand as uncertainty reigns IMO guidance on the regulatory framework towards net zero could be just months away - or then again, it might...
Daily Briefing One Hundred People 2024: Shipping's elite take pragmatic stand as uncertainty reigns | Russia manipulating all navigational data in Kerch...
US import 'surge' to persist into spring amid continued frontloading: retailers The Global Port Tracker upgraded its forecast for imports over the next several months despite the threat of labor unrest and new tariffs by the incoming Trump administration.
US trucking employment rising, but lags 2023 amid soft demand For-hire trucking companies are adding workers again, but not enough to handle any big surge in freight volumes, as prospective employees look for more local jobs.
Wan Hai to expand US trans-Pacific services with ONE slot charter deal The February launch date coincides with the start of services by the Premier Alliance formed by ONE, HMM and Yang Ming.
Ongoing Red Sea effect reaches deep into Asia-Europe trade lane While carriers can offset some operating costs by raising rate levels, reducing carbon emissions on voyages that are taking two weeks longer is becoming increasingly important as decarbonization regulations tighten.
US hydropower restoration projects offer stimulus for project cargo demand A growing need to replace aging US hydropower units adds weight to project demand from the renewable energy sector.
Breakbulk trade stymied by India's steel import curbs Industrial projects reliant on imported steel are expected to feel the pinch of an import and quality crackdown in the country.
Video: Giant cranes collapse onto Chinese heavy load carrier Photos and videos show crane parts remaining on the deck of stricken vessel
IMO moves ammonia fuelling closer with key regulatory steps Maritime Safety Committee OKs guidelines for using ammonia as a fuel
Sliding capesize futures 'didn't get the message' after China stimulus announcement Weak spot market weighs down on FFAs, but 'real' steps by Beijing could help later
Viewpoint: Carbon storage is key to the transition and shipping is ready - now regulators must step up Fleet of vessels to serve nascent CO2 value chain is on course for delivery
Altera Infrastructure pays ship scrapping fine before shuttle tanker sale Norwegian ship manager had vowed to fight fine in trial next month but paid up to focus on sale to Angelicoussis Group
'Formidable operator': Lawyer and marine salvage guru Mike Lacey dies aged 81 Well-known shipping figure was a former secretary general of the International Salvage Union
Owners circulating shadow fleet VLCCs for demolition as sanctions put Chinese imports under pressure Is the bubble bursting for older tankers as Braemar tips more scrapping ahead?
Bulker that survived destruction of Mariupol involved in collision Bulgarian investigators begin probe into accident with Densay Shipping cargo vessel
Greek shipbroker Golden Destiny merges with Intermodal Combination caps off three decades of Golden Destiny
Huge 10-tonne cocaine seizure shows traffickers turning to Caribbean Dominican Republic displays 10,000 packages of drugs found in shipping container
Frontline looks 'tempting', says Storebrand's $1.6bn fund manager as shipping stock rally unwinds Funds hold Golden Ocean, Hafnia, Stolt-Nielsen and Wallenius Wilhelmsen
ExxonMobil fixes Yasa VLCCs for a year as brokers note period charter rates dipping Term deals for product carriers may also be weakening as Ineos fails to secure five-year contract
EU's green rules will harm customers, says Qatar energy minister Saad Al-Kaabi says QatarEnergy's LNG plans mean it cannot meet net zero
Avance Gas in talks over liquidators as date for final shareholder meeting set John Fredriksen-backed shipowner is closing down after selling last vessels
Rising number of seafarers being bullied and discriminated against, warns welfare network ISWAN received hundreds of calls from crew suffering from discrimination and violence
Seafarer missing after product tanker runs aground off Taiwan Hong Kong-controlled Liquid Gem dragged its anchor in the port of Taichung
MOL teams up with methane pyrolysis start-up Hycamite for onboard energy Four-year-old start-up has also secured support from Finland's climate fund
Tanker stocks could see January boost after some investors nurse 50% losses in 2024 Clarksons Securities says disappointing year may lead to rebound of 'oversold' shares
Vietnam's Vosco strikes again with second bulker buy Company reportedly buys Hisashige Kisen supramax for $16.8m
Seafarer missing after product tanker goes aground off Taiwan Hong Kong-controlled Liquid Gem dragged its anchor in the port of Taichung
Saudi Arabian container newcomer sets firepower on newbuildings Chief executive Poul Hestbaek explains why he is helping launch the Middle East's latest regional carrier
Ukraine sells unprofitable cargo ship series amid Danube grain export blues Kyiv's success in reviving its oceangoing grain trade has been bad news for an ageing group of vintage vessels
Eidesvik Offshore hires new finance chief as top-team reshuffle rolls on Lars Tufteland Engelsen joined Eidesvik in 2018
Hafnia splashes $15.5m on its own shares after launching big buyback scheme BW Group tanker company begins returning more cash to investors in Oslo and New York
India urges seafarers and owners to avoid Syria Shipowners told to avoid berthing at Syrian ports and rethink crew change plans after Assad regime flees
Saevik family to issue $47m bond in Havila Shipping restructuring Arctic Securities hired for two-year senior secured bond issue
Iranian tanker scraps Syria voyage as fears grow of fuel shortage Vessel makes U-turn in the Gulf of Suez after rebels oust Iran-backed dictator Bashar al-Assad
CMB.Tech sells suezmax tankers to controlling Saverys family for profit of $71m Belgian owner says deal was done at market value as part of fleet rejuvenation
Hit elderly shadow fleet tankers on first day of loading Russian crude, says top economist 'Sanction the dark fleet out of existence,' expert urges
Indonesian shipowner scores top-dollar demo price out of India for stainless steel tanker Brokers caution that latest MSC container ship deal shows market price for regular ships is considerably lower
Panamaxes move away from Brazil-China grain run due to limited exports caused by drought Grain-run route shifts to Australia, affecting earnings for panamaxes on shorter sailing time
Tariff threats roil North American container marketplace A plethora of factors will weigh on container prices in 2025 as shippers manage their businesses in a changing supply chain.
Air Canada leases surplus Boeing 767 freighter aircraft to Ethiopian Airlines Air Canada bought two medium 767 cargo jets from Boeing last year with the goal of growing the cargo business, but changing economic factors have led the company to lease the planes to Ethiopian Airlines.
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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