U.S. sanctions captains of two Houthi-linked tankers The captains of two Houthi-linked tankers, Vivek Ashok Pandey and Sandeep Singh Choudhary, both Indian nationals are among ten individuals, vessels and entities sanctioned by the U.S. Department of the Treasury's Office
Houlder designs a 10,000 cubic meter methanol bunkering vessel London-headquartered design and engineering consultancy Houlder has unveiled a design for a 10,000-cubic-meter methanol bunkering vessel. The methanol bunkering vessel design includes semi-automated crane systems for supplying methanol to other ships of
New BRIX Marine LandingCat is en route to Alaska Following its launch by Port Angeles, Wash., based BRIX Marine, the 4615-HTC LandingCat OMC is now en route to serve the Chenega community in Alaska. There it is set to become a
The Different Kinds Of Perimeter Protection Systems You Need Installed For Optimal Safety If you work in freight, logistics or warehousing, the security and safety of your operation are paramount. It is vital that you have robust equipment that is able to cope with any risks and threats. It should also be considered that a robust perimeter protection system is installed so that the wider area of your premises can be protected. The wider your perimeter is, the more notice you will like
How You Can Use AI Demand Forecasting in Your Business Are you interested in using AI to help you forecast demand in your business? If so, you probably have plenty of questions like will it work in my industry? Artificial intelligence can help your business get an edge over the competition, identify and plan for market fluctuations, and even predict the constantly changing consumer trends. Best of all AI demand forecast models work across almost all
Scoring Deals on Pre-Owned Forklifts When you need a forklift for your warehouse or worksite, going the brand spankin' new route sure sounds appealing. That new forklift smell, the smooth operations, all the latest bells and whistles. But you know what's even more inviting? Saving a boatload of cash by considering used options instead. The market for pre-owned and reconditioned forklifts is absolutely massive. Companies are always u
WEC Lines introduces direct service connecting Dublin, Liverpool, and Iberia WEC Lines announced the launch of a direct, weekly service starting on 29 June offering short transit times that seamlessly connect Portugal and Spain with Ireland and the United Kingdom. This new service will be operated by an 812-TEU vessel on a fixed-day schedule, departing from Bilbao on Saturdays, arriving in Dublin on Mondays, and reaching Liverpool on Tuesdays. This setup provides clients
Another MSC ship hit by Houthi missile Houthi rebels have attacked another of Mediterranean Shipping Company's boxships. The UK Maritime Trade Operations stated that after the missile assault on 8 June, fires broke out on the 5,900 TEU MSC Tavvishi and the 5,700 dwt multi-purpose ship Norderney, which is owned by German tonnage provider Lauterjung Manfred. UKMTO said that the attack on the 2000-built MSC Tavvishi occurred 70 miles sou
ONE and Freightliner embrace HVO fuel for UK rail cargo Following a successful 6-month trial period, Ocean Network Express (ONE) UK, in collaboration with Freightliner, one of the UK's largest maritime intermodal logistics operator, is extending their adoption of HVO100 fuel for all cargo transportation via rail. HVO, a 100% renewable fuel, is derived from sources such as vegetable oils and waste-based fats and oils from the food industry. By transiti
SeaLead launches Asia - West Coast service SeaLead has unveiled its latest direct liner shipping service, marking the commencement of the AWC (Asia West Coast) service. This route will establish a direct link between China, South Korea, and the US West Coast. Specifically, it will connect major Chinese ports directly to Long Beach, California, offering one of the quickest transit times available from China and South Korea to Southern Cali
Breaking Down the Costs of Web Advertising: What You Need to Know Navigating the waters of online advertising can be incredibly rewarding, yet it often ventures into perplexing territory, particularly when it's time to outline your marketing finances. Stepping away from either extreme of overspending or underfunding requires a savvy allocation of your available resources. This piece aims to dissect the various elements that might influence your advertising spen
CMA CGM announces FAK rates from North Europe to Northwest India CMA CGM, the French carrier, has announced that Freight All Kinds (FAK) rates will be effective from 1 July (based on the loading date at origin ports) until further notice. 20'ST 40'ST/HC North Europe to Mundra/Nhava Sheva US$1,425 US$1,725 This means a rate restoration of US$100 per TEU will be applied to the previous rates in force. In addition, these offers are valid from North Europe base po
Broekman Logistics opens new branch in Türkiye Broekman Logistics has announced the opening of its new branch in Istanbul, Türkiye. This expansion marks the first new country office since the company unveiled its new strategy at the end of 2023, demonstrating Broekman Logistics' commitment to strategic global growth and improved logistics and supply chain solutions. "This new office brings us closer to our customers in Türkiye. This branch wi
Pacific International Lines launches PIL Academy Pacific International Lines (PIL) has established the PIL Academy, a centre of excellence for learning and development, aimed at providing comprehensive training in maritime and transport logistics for all its employees. The academy's goal is to enhance workforce capabilities and future-proof careers. It will collaborate with organizations and technology partners to create a holistic curriculum f
Contship proceeds with La Spezia Container Terminal expansion project The expansion of the La Spezia Container Terminal (LSCT), Contship Group's Container Gateway Terminal in La Spezia, has entered a new phase. The call for tenders for the construction of the first phase of the new Ravano terminal has been officially published. "We are adding an important element into our strategic development plans through which LSCT aims to become a reference point in global trad
HMM and IKEA forge alliance to advance ocean transport decarbonization HMM and IKEA Supply Chain Operations have entered into an agreement to utilize HMM's 'Green Sailing Service', a low-carbon ocean transport solution aimed at reducing environmental impact and supporting the decarbonization of ocean transportation. Central to this collaboration is a significant reduction in carbon dioxide equivalent (CO2e) emissions achieved by replacing conventional fossil fuels w
MSC commences new Asia services MSC announced the launch of its new service, Britannia, which will enhance port connections via a unique corridor from China and Vietnam to Liverpool, UK. This new loop offers access to the port of Vung Tau, Vietnam, establishing a direct service to Liverpool, UK, and MSC's hubs in Rotterdam, Netherlands; Antwerp, Belgium; and Hamburg, Germany. It also connects to destinations in Scandinavia and
Oceaneering scores Petrobras contract Oceaneering's manufactured products segment has secured two contracts with Brazil's Petrobras that are expected to deliver net revenue in the range of $120m to $183m. The New York-listed firm has been contracted to supply up to 362 km of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore ...
Scorpio Tankers clears out oldest vessels Monaco-based product tanker giant Scorpio Tankers is offloading five of its oldest MR vessels for about $179m. The Emanuele Lauro-led New York-listed firm has struck a deal with three separate buyers for the 2012-built STI Garnet, STI Onyx, STI Ruby, and STI Topaz at $142.5m in total and also agreed to the sale of the ...
Much-needed container terminal opens in Bangladesh Saudi Arabian operator Red Sea Gateway Terminal welcomed the 2,086 teu Maersk Davao to Patenga Container Terminal yesterday, ushering in a much-welcomed expansion of container handling in Bangladesh, a nation where exports are soaring but port capacity has faced congestion for years. The $240m terminal at Chittagong has faced numerous delays in its construction and ...
Samsung Electronics America files multi-million dollar claim against HMM Samsung Electronics America's relentless pursuit of liners for their actions during the pandemic era has moved onto its biggest claim to date. Having lodged cases with the Federal Maritime Commission (FMC) in Washington DC against COSCO, OOCL, SM Line and ZIM, the American affiliate of the Korean manufacturing giant has now gone after compatriot HMM, ...
TGS and PGS merger clears final regulatory hurdle Norwegian offshore seismic acquisition specialists and data providers TGS and PGS have received all required approvals to complete their previously announced merger. The merger consideration will be paid to PGS shareholders in the form of 0.06829 ordinary shares of TGS for each PGS share. The equity value of PGS is around NOK9.3bn (around $873.5m), corresponding ...
Euroseas fixes charter for feeder newbuild Nasdaq-listed Greek boxship owner Euroseas has entered a time charter contract for a newbuilding feeder boxship currently under construction. Euroseas won a charter for the 1,800 teu Stephania K for a minimum period of 23 to a maximum period of 25 months at the charterer's discretion, at a gross daily rate of $22,000. The new ...
Lars-Christian Svensen to take the helm at 2020 Bulkers and Himalaya Shipping Golden Ocean's outgoing chief executive Lars-Christian Svensen has been selected to take the helm at Tor Olav Trøim-backed newcastlemax owners 2020 Bulkers and Himalaya Shipping. Svensen, whose resignation from John Fredriksen-backed dry bulk player Golden Ocean was reported by Splash last month, is initially joining the Oslo-listed duo as chief commercial officer in September. He ...
Doris wins FEED work on Zama field offshore Mexico The Zama field partners have awarded French engineering company Doris a front-end engineering and design contract (FEED) for the development of the field. The FEED work will be based on the scope of the field development plan approved by Mexican authorities last year. It covers the planning of two offshore platforms, 68 kilometres of pipelines ...
Fafalios seals kamsarmax purchase Greek owner Fafalios Shipping has added a 14-year-old kamsarmax, forking out some $20m for the Tsuneishi Zhoushan-built 82,200 dwt sized bulker Oasea. The Oasea was added from Stamatis Tsantanis's Nasdaq-listed United Maritime Corporation, a spinoff of Seanergy Maritime. The Fafalios family has been quiet for years until February. Since then, staff have had their hands full, offloading ...
Yasa Shipping offloads newbuilding to TMC A week ago in the handysize sector, brokers reported the rare sale of the Jiangmen Nanyang-built, 40,000 dwt sized bulker named Yasa Daisy, a ship that was only delivered to Turkey's Yasa Shipping in January this year. Brokers reported that the handysize bulker fetched $34m, a new benchmark. It has now been revealed who was ...
Strike threat escalates across US east coast ports The prospect of a strike this autumn by dockworkers along the US east and Gulf coasts has leapt with news that the International Longshoremen's Association (ILA) has halted negotiations with employers, citing concerns over APM Terminals using automated gates. The ILA is the largest dockworker union in the US. It was meant to be sitting ...
Altera Infrastructure fined over ship recycling destination Altera Infrastructure has been ordered to pay a $747,000 fine in Norway in a long-running case over a decision to send two vessels for demolition in India. The fine comes some four years after investigators first raided the offices of the company previously known as Teekay Offshore. Altera Infrastructure has said it is considering challenging ...
BW Group seeks to unload Navigator shares worth over $90m BW acquired its stock in Navigator from WL Ross in 2020 at $9 per share, and the current price is...
Revised ISO bunker specifications could raise fuel delivery standard New bunker standards also include parameters for growing use of biofuel-blended fuel deliveries
Baltimore casualty will push marine liability pricing up across board, warns Tokio Marine HCC International Reinsurers already factoring in possibility of unfavourable outcome of owners' bid to limit liability, Kinder argues
Diana eyes $150m bond placement in Norwegian market Early move is consistent with refinancings of past Diana bonds well ahead of maturities
South Korea's west coast targeted with GPS jamming GPS jamming is rampant in conflict zones, particularly the waters around Israel and Russia, but this event appears part of...
CMA CGM launches peak Asia-Europe service to increase capacity Soaring freight rates will remain high into the traditional summer peak season, according to Linerlytica, bringing more pain to a...
LMA issues new Russian oil price cap wording The new wording intends to address confusion caused by 'rapid amendments' driven by legislative changes
Containers lost at sea falls to record low Just 221 containers were lost in 2023, according to the annual survey conducted by the World Shipping Council
Former Golden Ocean chief executive to head up independent bulker owner Svensen left his role as chief executive of Fredriksen-owned Golden Ocean in May 2024 after less than a year in...
Ikea taps HMM's biofuel certificates to reduce supply chain emissions Ikea is the second buyer of HMM's emission reduction certificate using biofuels
Investors flee Asian shipping stocks as Gaza truce threatens to cool surging rates From Shanghai to Hong Kong to Tokyo, shipping companies' stocks abruptly halted their rally over the past few weeks, following...
ILA breaks off US port labour talks, points finger at 'foreign company' Maersk Xenophobic attacks on foreign container shipping lines scored political points during the supply chain crisis. With rates surging, a port...
Daily Briefing A tale of three offerings: The nine-figure equity sales of Dorian, Zim and Torm | Shipping is stuck in the...
Eastern Pacific orders up to 16 ships at Fujian Shipbuilding Newbuilding contracts for a series of mid-sized PCTCs and MR tankers will further expand the Singapore-based shipping firm's already substantial...
Opportunistic intra-Asia carriers reenter trans-Pac trade amid soaring rates, demand Established long-haul carriers are also launching a raft of new services between Asia and Americas to take advantage of the buoyant market.
Canadian border agency, workers reach tentative deal on new contract The preliminary agreement avoids a strike that could have created traffic jams along the US-Canada border, disrupting trade and manufacturing.
Shippers, IMCs pleased with rail performance in 2024: survey Domestic intermodal service has been significantly better so far this year compared to the pandemic-disrupted years of 2020 to 2022, but shippers remain reluctant to tender some freight to the railroads, a Journal of Commerce survey found.
Canadian border agency, workers reach tentative deal on new contract The preliminary agreement avoids a strike that could have created traffic jams along the US-Canada border, disrupting trade and manufacturing.
Rate management platform uses fresh funding to add auditing, amendments tools The new products were launched as Ship Angel announced a $5 million funding round by venture investors.
Asia-Europe ocean rates soar as shipper 'panic' brings orders forward Average spot rates on the westbound trade have tripled compared to this point last year, with growing demand likely to keep upward pressure on prices over the coming weeks.
Somalia-based piracy menaces vessels rerouted away from Houthi threats Security forces preoccupied with Houthi attacks in the Red Sea and an increase in Indian Ocean shipping, thanks to ongoing route diversions, have created an opening for Somali pirates.
BW Group tees up sale of $93m worth of Navigator Holdings shares Ultranav to become largest shareholder in Navigator after offering
Panama Canal eases transit regime further as water levels rise Daily crossings set to increase to 34 from next month, while maximum draft is raised as well
Ayro redesigns its wings to meet market potential Having made its reputation with soft wings, developer changes name and broadens design solutions
Containers lost at sea fall to lowest level on record, says liner lobby World Shipping Council hails positive safety development
Atlantic MR tanker rates tipped for comeback as hurricane season approaches BRS Group says superior earnings in Asia could flip later this year
Core Power plots $10bn orderbook as shipping's nuclear option splits opinion Mixed messages at Posidonia as shipowners grapple with next-generation choices to fuel industry decarbonisation
Scorpio Tankers sells five oldest MRs in $179m deal New York-listed owner cuts average age of fleet in latest disposals
CMA CGM and SeaLead cash in as container rates surge out of Asia Additional transpacific and Asia-Europe services may not be enough as major shipper warns of capacity crunch
Vitol needs to be part of decarbonisation conversation, transition chief Ian Butler says Former crude chartering manager has been implementing group's emissions-reduction plan since new role created 18 months ago
Grieg tests 'world's strongest material' on bulker hull Graphene-based coating also used on Star Lysefjord's propeller
Safety should trump geopolitics as shadow fleet oil spill risk looms Sanctions regimes and enforcement should put more focus on preventing oil spill risks
Oil spill would bring the 'sanctions hammer down' on shadow fleet Kyiv School of Economics president says elections are deflecting G7 attention from growing tanker numbers
Glencore swipes Trafigura's crude supply deal to Prax's UK refinery Trader reportedly triumphs in tender involving 13 companies
Two months and 50,000 tonnes of wreckage: Baltimore back in business after bridge smash US workers succeed in restoring channel to pre-collision state after huge salvage operation
US blacklists tanker masters as part of crackdown on Houthi finance networks Indian nationals are said to be in command of ships previously hit by Iran-linked sanctions
Harald Fotland says Odfjell is 'laser-focused' on doing what it's good at Bergen owner and operator once had a sprawling operation it has since pared down
Diana Shipping gauges bond interest in bid to clear $125m Oslo issue Greek bulker owner tasks investment banks with arranging investor meetings
NNPC inks agreement with Golar LNG on FLNG unit for Nigeria A year on Nigerian National Petroleum Corp cements earlier deal on LNG floater plan
Sanctioned Sovcomflot tanker 'transfers Russian oil' 70 miles off Singapore Suezmax Primorye reported to have found home for cargo after 12,000-km trip
Product tanker holed after hitting concrete breakwater in Taiwan Tong Yun was carrying clean products when accident happened in Kaohsiung
Lars-Christian Svensen to take over at 2020 Bulkers and Himalaya Shipping after Golden Ocean exit Experienced executive makes switch from John Fredriksen bulker company to outfits backed by former right-hand man Tor Olav Troim
Why Union Maritime's Laurent Cadji is betting 'big capital' on wind propulsion Tanker owner to install BAR Technologies and Norsepower systems on 34 newbuildings and invest in BAR
Dubai trader linked to record-high MR tanker order at Hyundai Energy trading company is paying $54m each
Noble continues rig sector consolidation with Diamond takeover Combined company will have a $6.5bn backlog
Port of New Orleans snags $230M for infrastructure projects The Port of New Orleans has received $230 million to complete infrastructure projects aimed at boosting international trade.
Ship Angel raises $5M, launches two new products for BCOs Ship Angel announced its recent raise and new products at Plug and Play's Silicon Valley Summit.
Baltimore shipping channel reopens 11 weeks after Key Bridge collapse The shipping channel for the Port of Baltimore has fully reopened to commercial traffic more than two months after a container ship collided with the Francis Scott Key Bridge.
Illegal Ozempic shipments enter US through e-commerce sales U.S. Customs and Border Protection says it has discovered gray-market imports of Ozempic from Colombia and is trying to close down the shipping pipeline.
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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