SWITCH plans to build large LH2-powered RoPax in the U.S. San Francisco-headquartered SWITCH Maritime, best known to Marine Log readers for its Sea Change ferry, is pushing ahead with its next zero-emission vessel project. And it's significantly more ambitious than the Sea
Maersk Tankers places world's largest yet suction sail order In what will be the world's largest deployment of suction sales to date, Maersk Tankers is to fit bound4blue eSAILs on five of its MR vessels, Each of the five tankers will
Port of Montreal: Lockout starts When Port of Montreal longshore workers voted against accepting "the last and final offer" presented by employers this past Thursday, the Maritime Employers Association (MEA), as it had said it would, imposed
SF Bay Ferry wins $55.3M Clean Ports Program grant A $55,386,000 grant to the Port of San Francisco included in the $3 billion of Clean Ports Program grants announced last month will be used by San Francisco Bay Ferry to create
SouthCoast Wind on track for final approval The Bureau of Ocean Energy Management (BOEM) has announced the availability of the final Environmental Impact Statement (EIS) for the proposed SouthCoast Wind project. The lease area covers approximately 127,388 acres and
VIKING and FAIN ink global service agreement on marine fire safety VIKING Life-Saving Equipment, a maritime safety solution provider, and FAIN, a supplier of firefighting systems, have entered into an exclusive global agreement. Under this partnership, VIKING will provide certified services for marine fire systems and equipment supplied and installed by FAIN. FAIN offers a complete range of firefighting systems for marine applications, including CO2, foam, DP, w
AD Ports Group and Government of Pakistan sign four MoUs UAE's AD Ports Group has signed four Memorandums of Understanding (MoUs) with the Government of Pakistan to explore collaboration opportunities across maritime, air, rail transportation, and digital services. "The UAE and Pakistan have long-standing strategic relations, with a common will to commence a new phase of prosperity in trade and investments," stated Dr. Thani bin Ahmed Al Zeyoudi, UAE's
Adriatic Gate Container Terminal sets new box handling records The Adriatic Gate Container Terminal (AGCT), operated by International Container Terminal Services, Inc. (ICTSI), in Croatia's Port of Rijeka, recently achieved two significant milestones: a record monthly throughput and the highest single-vessel exchange. AGCT's new monthly throughput record surpasses the previous high set in July 2024 by 11%, highlighting the terminal's expanding capacity and v
SAFEEN Group, DAMEN set Guinness World RecordTM for most powerful electric tugboat SAFEEN Group, a part of AD Ports Group's Maritime & Shipping Cluster, in partnership with DAMEN Shipyards Group, has announced setting a Guinness World Records title for the Most Powerful Electric Tugboat. The record was achieved by measuring the tug's exceptional peak bollard pull strength, showcasing unparalleled performance for an all-electric vessel. With a remarkable average peak pull of 78.
Bay of Bengal in the Center of Geopolitical Dynamics Amid High Port Competitiveness As the Indo-Pacific concept gains traction, the Bengal area is expected to emerge as a major center of economic development in Asia in the coming years, potentially becoming a new focal point. 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.
Spain denies entry to Maersk ships over alleged arms shipments to Israel A Maersk ship has been reportedly compelled to skip a scheduled call at Spain's Algeciras port following allegations that it is moving weapons for Israel. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeared first on Container News.
SAAM records over US$420 million in revenue in 2024 so far SAAM has achieved improved financial results in the first three quarters of the year, with revenue of US$427 million and EBITDA of US$137 million, translating to year-on-year increases of 8% and 14%, respectively. In the third quarter, the company's revenue totalled US$143 million (+4%) and EBITDA was US$47 million (+14%), while net income reached US$12 million. "Our towage division is continuing
CMA CGM announces PSS from North Europe to US West Coast CMA CGM Group has announced the implementation of a Peak Season Surcharge (PSS), which will take effect from 1 December 2024 (based on the loading date) and remain in place until further notice. This surcharge will apply to shipments originating from North Europe, including Scandinavia, the Baltic region, and Spain Atlantic (excluding Portugal), with destinations on the United States West Coast.
DP World takes over Silk Logistics for US$115 million DP World Australia has entered into a binding Scheme Implementation Deed for the acquisition of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk Logistics, a port-to-door logistics services provider which operates 21 logistics hubs and 25 warehousing sites across five Australian
Challenges in International Vehicle Shipping and the Importance of Vehicle History Reports International shipping, in the vehicle sector, is an indispensable part of today's globalized world economy when it comes to the automotive market. It connects buyers and sellers from different parts of the world through the crossing of millions of vehicles across borders every year for a wider variety and competitive pricing. The international transportation system of vehicles is very complex an
CMA CGM nears US$16 billion revenue in strong Q3 results In the third quarter of 2024, the CMA CGM Group delivered strong results, capitalizing on a favourable market environment and addressing operational challenges. Driven by steady demand and early peak season activity, container shipping saw high volumes, reflecting a rebound in global trade amid easing inflation. The uptick in shipments, particularly on key routes, was fueled by inventory restocki
What to Look for in a Personal Injury Attorney: Essential Qualities to Consider There are 39.5 million personal injury cases requiring medical treatment in the US annually, or roughly 126.3 cases per 1,000 people. Personal injury statistics reveal that motor vehicle accidents, medical malpractice, and slip-and-fall accidents result in thousands of injuries each year. Should you hire a personal injury lawyer if you're injured in an accident? And what qualities should you look
Hapag-Lloyd introduces US$1,000 GRI in America German ocean carrier Hapag-Lloyd announced a General Rate Increase (GRI) from the East Coast of South America to North and Central America, and the Caribbean. This rate increase will apply to all containers from 10 December and will be valid until further notice. The GRI of US$1,000 per container will be implemented on shipments from Brazil, Argentina, Uruguay and Paraguay to the United States, C
KMTC orders new 8,700 TEU boxships HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai Group's shipbuilding business, signed a deal with Korea Marine Transport Co. (KMTC) for two new 8,700 TEU container vessels. The contract is valued at about US$230 million overall. The ships will be built by HD Hyundai Samho, and the delivery is scheduled for March 2027. If you liked this post,
CMA CGM implements peak season surcharges from Asia to West Africa Starting in mid-November 2024, CMA CGM will introduce Peak Season Surcharges (PSS) for certain dry cargo shipments from Southeast Asia and China to West Africa, aiming to maintain reliable service throughout the peak season. The first surcharge applies to shipments from Southeast Asia to West Africa's North Range, which includes Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-B
Blue Visby trials cut emissions on Marubeni's LPG trades by nearly 30% The Blue Visby cross-industry project aimed at reducing shipping's greenhouse gas emissions by tackling the sail fast, then wait practice has completed another series of prototype trials, delivering average savings of about 29%. The trials involved 16 LPG carriers under charter by Marubeni Corporation across 40 voyages during a period of three months. The technology ...
Euroseas scores extensions for feeder boxship duo Nasdaq-listed Greek boxship owner Euroseas has won new time charter contracts for two of its feeder containerships. The company said that the two extensions were awarded to the 2001-built, 2,556 teu feeder containerships EM Corfu and Evridiki G. The EM Corfu has been fixed for a minimum period of 18 months and a maximum period of ...
Al Seer Marine and Damen JV targets commercial shipbuilding A joint venture between Abu Dhabi's Al Seer Marine and Damen International is expanding its operations into the commercial shipbuilding market. The ADX-listed subsidiary of the International Holding Company (IHC) and the company, which is part of the well-known Dutch shipbuilder and the Damen family, said they expect to build over 26 vessels within the ...
DP World buys Australia's Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics hubs and 25 warehousing sites across ...
Diana Shipping charters out ultramax to Stone Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels. Stone Shipping hired the 2018-built, 60,362 dwt bulker DSI Pyxis. The gross charter rate is $13,100 per day, minus a 5% commission paid to third parties, for a period until a minimum of ...
Wallenius Wilhelmsen wins $580m transport deal Norwegian car carrier operator Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed automotive manufacturer. The new contract has a duration of three years and three months and will begin on January 1, 2025. The deal has an estimated value of $580m in total over the contract period. According to the Norwegian firm, ...
Nortrans Offshore seals pair of flotel contracts Singapore-based Nortrans Offshore has landed new contracts for two of its accommodation support vessels. The first contract is for the semisub cylindrical 2015-built flotel Arendal Spirit which will support planned maintenance activities on Tullow's FPSO in Jubilee field offshore Ghana for six months, starting in November. Nortrans has also won an assignment for the 2015-built ...
KMTC in for 9,000 teu newbuild brace South Korean liner operator Korea Marine Transport Co (KMTC) has placed an order for two containerships at a compatriot yard that would be its largest to date. Brokers report the intra-Asia specialist has booked 9,000 teu newbuilds at HD Hyundai Samho costing $115.3m each. The deal revealed by HD Korea Shipbuilding & Offshore Engineering, the ...
ICTSI's Enrique Razon takes beef with Maersk public Enrique Razon, the billionaire head of International Container Terminal Services, Inc (ICTSI), has weighed into an ongoing legal spat in South Africa, accusing Maersk of underhand tactics to try and preserve what he sees as the Danish carrier's "dominant position" in the country. Lawyers working for APM Terminals managed last month to put rival ICTSI's ...
Maran Gas inks LNG carrier pair at Hanwha Ocean Maria Angelicoussis-led Maran Gas Maritime has returned to South Korea's Hanwha Ocean for a pair of LNG carrier newbuilds. The gas shipping unit of Greece's Angelicoussis Shipping Group is paying KRW713.5bn ($511m) to have the 174,000 cu m vessels delivered in 2027. Angelicoussis Group has placed orders for more than 120 ships at Hanwha Ocean, ...
MMA Offshore to conduct wind site survey work off Australia for Ørsted Perth-based OSV operator MMA Offshore has won an offshore wind site survey contract off Australia. On behalf of the key client, Ørsted, the scope is one of the first reconnaissance site surveys taking place in the Gippsland offshore wind zone since the award of feasibility licenses. MMA will use its Australian-flagged Offshore Solution MPSV and its ...
Penta-Ocean picks Seatrium for work on offshore wind heavy lift vessel Singapore shipyard group Seatrium has signed a letter of intent with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a heavy lift vessel set to operate in the Japanese offshore wind market. POC, the owner of two turbine installation vessels equipped with an 800t and a 1,600t lifting capacity crane respectively, has ...
Montreal port shuts down adding to Canadian supply chain woes Canadian supply chains are reeling from port shutdowns on both coasts. Dockworkers have just been locked out from Montreal, the largest port in the east of the country, as a long-running labour dispute shows no sign of ending, while ports in British Columbia on the west coast have been closed for the past seven days ...
Russian shipyard merger on the cards Two of Russia's top shipyards are in merger talks, a business transaction supported by the nation's president, Vladimir Putin. Under the proposed merger, Rosneft-controlled Zvezda Shipyard will become part of United Shipbuilding Corporation which is owned by VTB, a bank. "The initiative to consolidate shipbuilding assets in the Far East to increase the sector's efficiency ...
Exmar establishes French subsidiary Belgian shipowner Exmar has revealed it has opened a new French entity. EXMAR LPG France is based in Saint-Cloud, just to the west of Paris. It has been set up to own and operate six dual-fuel mid-size gas carriers under construction at HD Hyundai Mipo Dockyard in South Korea. The keel was laid for the ...
'Astonishing' 43m cgt of new ships set to flood the market this year The extraordinary busy scenes at Asian shipyards are redolent of the years following the global financial crisis. Annual newbuild deliveries reached a seven-year high in 2023, when 35m compensated gross tonnes (cgt) was added to the world fleet, according to a new report from Danish Ship Finance, which also details how an "astonishing" 43m cgt ...
Big test for Panama Canal: Can it woo bulkers back after drought? The US grain export season is now ramping up. To the extent more bulkers revert to the shorter route via...
GSL fixes forward as boxship fleet is worked 'to the limit' Executives say GSL is 'ready to act decisively' if acquisition opportunities emerge
Ukraine and dark fleet continue to test IMO's political boundaries on Russia Ukraine is pushing the IMO to take a politically charged approach as it seeks UN support in defending itself against...
Maersk VGM decision does not create new tortious duty for carriers Judgment doesn't change usual position, so doesn't affect any of usual exclusions or limitations, according to solicitor who took case
Port strike threat and tariff fears are already boosting US imports The National Retail Federation has hiked its US import outlook for 4Q24, citing evidence that businesses are bringing in cargo...
The week in charts: Trump vs the dark fleet, tariff fears boosting US imports and last steam turbine boxship scrapped in 'bleak' recycling market Analysts diverge on how much success the US will have in choking Iranian oil exports, the National Retail Federation has...
Regional boxship feeder charter rates head upwards amid tight supply Containership fixtures continue to be dominated by the feeder segment because there is no short-term availability for ships of above...
UECC to monitor emissions with Daphne Technology European shortsea car carrier operator UECC will adopt real-time emissions monitoring for EU MRV compliance and future emissions cuts
DP World acquires Australian logistics specialist Move reflects DP World's wider strategy to expand its presence in the Asia-Pacific region, which chairman Sultan Ahmed bin Sulayem...
Angelicoussis orders two LNG carriers from Hanwha Ocean Greek owner is South Korean builder's 'most valuable' client over a 30-year relationship
The week in newbuildings: Containerships and gas carriers abound Hapag-Lloyd has signed a much anticipated order for 24 containerships, while Maran Gas and Shandong Shipping both order large LNG...
Skuld sets out 2025 renewal pricing Club seeks increase at lower end of forecast range for International Group, cancelled out by cashback
Dockworkers locked out at port of Montreal The Maritime Employers Association says it tabled a final offer to the trade union CUPE 375. This was rejected, prompting...
Maersk Tankers to fit suction sails on five ships Maersk Tankers will try suction sails on five MR tankers to cut emissions, the latest in a string of orders...
The Daily View: Make progress with or without Trump Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Rosneft and VTB in talks to merge Zvezda shipyard into United Shipbuilding Zvezda shipyard and Russia's Arctic LNG 2 project have both been placed under US sanctions
Port lockouts extend from BC ports to Montreal Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table.
CPKC, CSX to launch joint Mexico-Southeast US service Dec. 1 A second intermodal option is coming for shippers moving cargo between Mexico and the Southeast US beginning in December.
Analysts are noticing Genco's dividend. Could investors be next? Clarksons and Jefferies weigh in on the capesize rebound
Bahri hosts big-gun shipping CEOs and investors in new Saudi capital event Select gathering on eve of key week-long Dubai meet
Wallenius and ABB team up to provide fleet support for smaller shipowners Modular digital offering is based on industrial platform used in land-based industries
Global Ship Lease bags $400m container ship quartet as profit edges up Four 9,000-teu vessels said to be heading for Greek tonnage provider
Shipowner Al Seer teams with Damen Shipyards to target cargo ship newbuilds Abu Dhabi company expanding its naval shipbuilding partnership with Dutch group
Start of Ugandan tanker exports delayed by financial pressure over new pipeline Kpler says first cargoes from Lake Albert project now set for 2026
Dynacom Tankers adds panamax product tanker series at Yangzijiang Shipbuilding Greek shipowner now has a total of 12 LR1 tankers on order in China
German shipyards to cash in on huge offshore wind newbuilding demand Law firm WFW's Christian Finnern spies an opportunity in multi-billion sector
European ports secure funding to speed up onshore power supply for container ships Connecting to port electricity supply will be mandatory under new European regulations
John Michael Radziwill-backed Stone Shipping secures lower rate for Diana Shipping bulker Greek owner fixes out 2018-built ultramax until 2026
Analysts sound caution on valuations as Wallenius Wilhelmsen lands $580m contract Fearnley Securities sees downside to car carrier owner's share price
Regional Container Lines targets expansion after sevenfold rise in profits Operator is shifting focus to high freight rate destinations
'Sanctions are coming': Leading insurer warns shipping's shadow world is about to get darker Protection and indemnity sanctions head warns that regulators have lost influence over laden tankers steaming through the English Channel
'Great help': Danish Shipping hails deal giving visa-free entry into China Shipowners' organisation praises agreement that will simplify trade and travel until the end of 2025
Major Russian yard Zvezda to be merged with USC in efficiency drive Rosneft and VTB begin talks on combination with state shipbuilding group
Norwegian hedge fund remains positive on shipping in the face of disappointing seasonal swing in rates Sissener Canopus has invested 4% of capital in shipping
Norwegian hedge fund stays positive on shipping in the face of disappointing seasonal swing in rates Sissener Canopus has invested 4% of capital in shipping
'Miracle' rescue: seafarer found alive 24 hours after falling from bulker Fisherman spots man in water nearly four miles from where he plunged from the Double Delight
Maran Gas Maritime inks contracts with Hanwha Ocean for up to four LNG carriers South Korean shipbuilder celebrates 30-year, $15bn patronage of Greek owner
Maersk Tankers goes for suction sail retrofits on five vessels Danish owner picks bound4blue technology to reduce fuel consumption
Shipping markets sink to lowest level this year as tankers and gas carriers take a hit, Clarksons says Cross-sector index of earnings drops to $22,514 per day, UK broker calculates
Saverys' CMB.Tech offers 'attractive entry to future-proof shipping', says Fearnleys Fearnley Securities raises company rating to 'buy' after share slump
Hunter Group $12,000 per day short of breaking even on VLCC bet Norwegian group saw rates improve in October, but still needs a winter boost
Castor Maritime debt almost gone as cash pile swells to $172m Having benefited from ship sales, Cypriot owner now plots its next acquisitions
Expert casts doubt on size of Houthi bribe claims cited in UN report Stephen Askins of Tatham & Co is sceptical about the $180m-per-month figure cited last month in UN report
Yangzijiang Shipbuilding crushes newbuilding order target with $12bn haul Chinese yard says 75% of the orderbook is green vessels
Containers halted as Montreal dockworkers locked out Terminal operators and ocean carriers on Sunday locked out striking dockworkers at the Port of Montreal after the union said the contract proposal doesn't address scheduling or automation concerns.
Panama Canal chief warns proposed US tariffs may disrupt global LNG trade U.S. liquefied natural gas exports to China could be affected by an escalation of tariffs between the two countries, said Ricaurte Vasquez, administrator of the Panama Canal Authority.
Demand and disruptions fuel CMA CGM Q3 gains he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
Lockout continues as British Columbia port labor talks break up Western Canada port employers and their longshore union met separately with a federal mediator Saturday, but the talks ended quickly with no new bargaining scheduled.
Cargo carrier Air Transport Services dinged by fewer jet leases, flights Air Transport Services Group said fewer aircraft in revenue service plus higher expenses led to a reduction in core operating profit during the third quarter, but the current quarter is expected to be better.
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