The countdown begins: FERRIES 2024 is two weeks away In just two weeks, ferry industry professionals from around the world will converge in Seattle for Marine Log's FERRIES 2024 conference, an event poised to address the most pressing challenges and opportunities
Swedish Maritime Administration orders Artemis EF-12 pilot boat The Swedish Maritime Administration (SMA) has ordered an EF-12 pilot boat from Artemis Technologies. Taking its all-electric foiling craft technology into the pilot boat sector, Belfast, Northern Ireland, based Artemis first unveiled
Marlink Group expands cyber security capabilities with Port-IT acquisition Marlink announced the acquisition of 100% ownership in Port-IT, a maritime cyber security solution provider. This move follows Marlink's recent integration of Diverto, enhancing its capabilities in cyber security professional and managed services within the Marlink Group. Positioned strategically in Rhoon, Netherlands, Port-IT benefits from proximity to key ports like Amsterdam, Rotterdam, and An
Ashdod Port approves strategic investments in digital startups The Board of Directors at Ashdod Port has given the green light to a US$2 million investment in three startups through its Corporate Venture Capital (CVC) fund, pending approval from the Government Companies Authority. This fund is an extension of the Israeli port's technology incubator, which was established as a part of its overarching innovation strategy in 2021. Since its inception, the incub
Maersk books up to dozen 16,000 TEU ships at Chinese shipyard Maersk Line has reportedly ordered up to a dozen LNG dual-fuelled 16,000 TEU container ships at New Times Shipbuilding in China, adding to growing talk that the Danish carrier is rethinking its bet on green methanol as its future marine fuel. Greece's Xclusiv Shipbrokers stated in its latest market report that Maersk Line made firm orders for six vessels at New Times, with options for another six
Higher box volumes for Southampton's Solent Rail Terminal The Solent Rail Terminal has recorded more than 55,000 containers handled since opening following the multi-million-pound upgrade that was completed six months ago at the Port of Southampton. Terminal operator Solent Stevedores has seen an increase in containers entering and leaving the UK port via rail compared to the same period in the previous year taking approximately 16,000 lorries off the r
WISTA International reelects Greek President for another two years The Women's International Shipping & Trading Association (WISTA) International has reelected Elpi Petraki as the organization's president for another two years. Petraki's tenure as WISTA International President began in October 2022 and will extend at least until October 2026. During WISTA International's annual general meeting held in Limassol, Cyprus, the establishment of three new WISTA branch
Romanian-German-Estonian consortium wins feasibility study tender for Constanta Port PCS Romanian IT company Critical Technologies SRL, German port consultancy Hamburg Port Consulting (HPC), and two Estonian maritime and shipping partners, EN Shipping OÜ and Saaresalu OÜ, have delivered a tailor-made specification for a Port Community System (PCS) for the Romanian Port of Constanta. Port of Constanta aims to become a premier gateway in the Black Sea region. To achieve this, the Roman
Gulf ports locked in competition due to geopolitical tensions The Gulf region's shipping sector is navigating a turbulent landscape as ports face mounting pressures from ongoing conflicts in the Middle East. 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 .
Ocean Network Express releases 2024 Sustainability Report Ocean Network Express (ONE) has released its Sustainability Report 2024, which provides a summary of the company's sustainability progress from 1 January 2023 to 31 March 2024. The Singapore-based ocean carrier said this year's report marks a "significant step" as ONE transitions to align its sustainability reporting with its financial year (FY), further integrating sustainability and business op
PIL unveils first 14,000 TEU LNG dual-fuel boxships with new brand identity Pacific International Lines (PIL) names its first two 14,000 TEU LNG dual-fuel container vessels. The ships are the first two of four of the largest vessels in PIL's fleet to be delivered as part of the company's fleet renewal programme. The ocean carrier named its vessels in a ceremony at Jiangnan Shipyard in China on 15 October. Kota Eagle was named by Chan Su-Shan, the wife of Dilhan Pillay, C
Keelung container crane collapses A container gantry crane in Taiwan's Keelung port collapsed on 14 October, after it was allegedly hit by a to-be-installed crane on an incoming heavy-load carrier. The vessel in question, the 2012-built 12,135 dwt Yu Zhou Qi Hang, was preparing to dock at Pier 20 after arriving from Shanghai, China. Yu Zhou Qi Hang was delivering a newly ordered gantry crane, labelled BC-207, to China Container T
Iran embraces hybrid maritime strategy to counteract US sanctions The United States is expanding sanctions on Iran's petroleum and petrochemical sectors following Iran's October 1 attack on Israel, marking its second direct assault on Israel this year. This move increases financial pressure on Iran, aiming to restrict the regime's ability to generate crucial energy revenues used to destabilize the region and threaten U.S. allies and partners. This content is lo
Maersk announces fresh America peak season surcharges Maersk has announced updated peak season surcharges to America, which will be effective in November. Firstly, the Danish carrier has revised the Peak Season Surcharge (PSS) for all container types from Eastern Mediterranean countries (Bulgaria, Egypt, Georgia, Israel, Lebanon, Libya, Moldova, Romania, Turkey and Ukraine) to the United States and Canada, effective from 15 November. Origin Destinat
OneStop, ACFS Port Logistics expand collaboration to enhance container visibility in Australia Supply chain optimisation solution provider OneStop has announced the expansion of its partnership with ACFS Port Logistics, the largest privately owned container logistics operator in Australia. The partnership aims to enhance efficiency and visibility across the Oceania supply chain. Additionally, the collaboration is expected to allow ACFS Port Logistics to leverage OneStop's solutions to stre
MSC updates Asia - Europe rates Swiss/Italian container line MSC has decided to implement new rates from all Asian ports (including Japan, Korea and Southeast Asia) to Northwestern Europe, West Mediterranean, Adriatic, East Mediterranean and Black Sea, effective from 1 November. The new freight rates will be as follows: Port of discharge New All-in Rates 20 DV 40 DV-HC West Mediterranean US$3,150 US$4,500 Adriatic US$3,150 US$4
How to Get Out of Debt Faster The current debt crisis has emerged as a pressing concern for many individuals, affecting their financial stability and overall well-being. Rising living costs, stagnant wages, and unexpected expenses have led to an increasing number of people grappling with significant debt. This situation not only strains personal finances but also takes a toll on mental health, leading to anxiety and depressio
Port of Oakland handles over 60,000 TEUs in September The Port of Oakland's loaded container volume increased by 7% in September compared to the same month in 2023. For the second month, loaded imports experienced double-digit growth with port operators recording 10.4% growth handling 82,180 TEUs, while loaded exports rose 2.9% year-over-year. Overall, the Californian port moved 61,466 TEUs in September, versus 59,757 TEUs in the same month last yea
Maersk heads to China for up to twelve 16,000 teu ships Brokers are reporting Maersk has gone to China for its next phase of expansion, with landmark orders for LNG dual-fuel vessels, a type of propulsion it had previously distanced itself from. Multiple broking houses have the Danish carrier signing for six firm 16,000 teu ships at New Times Shipbuilding in a contract that comes with ...
X-Press Feeders adds to methanol-ready 11,000 teu series Liner operator X-Press Feeders is accelerating its fleet renewal programme with a series of neopanamax newbuilds in China. The Singapore-based carrier has returned to Shanghai Waigaoqiao Shipbuilding for six methanol-ready and scrubber-fitted 11,000 teu ships scheduled for delivery between the third quarter of 2027 and the fourth quarter of 2028. The newbuildings are so far ...
Doosan Energibility joins team developing Korean floating wind farm South Korea's Doosan Enerbility has signed a memorandum of understanding (MoU) with Siemens Gamesa and Equinor for cooperation on the Bandibuli floating offshore wind farm project off South Korea, otherwise known as Firefly. This collaboration aims to develop a 750MW floating offshore wind farm in Ulsan, utilising Siemens Gamesa's 15MW large-scale wind turbines. The nacelles ...
Washington's targeting of Iranian tankers sparks memories of sanctions levied at COSCO in 2019 Washington's decision to go after Iranian-linked VLCCs with sanctions has sparked memories of the great freight rate spike of Q4 2019 when supertanker spot rates leapt above $100,000 a day. The US Treasury put sanctions on 17 companies and 23 vessels including many VLCCs last week, stating in a press release that Iran is using ...
U-Ming signs for more New Dayang ultramaxes Taiwanese dry bulk shipping operator U-Ming Marine Transport is expanding its fleet with a new series of ultramax newbuilds at Chinese builder New Dayang. The subsidiary of the Far Eastern Group has signed up for four additional vessels of the Crown 63 Plus design, the shipbuilding arm of state-run machinery manufacturer Sumec Group revealed at ...
Concerns raised as ageing fleet becomes the new norm The remainder of the 2020s will be marked by a global merchant fleet that will get older and older, something charterers, operators and owners will have to accept as the new normal, especially if demolition volumes remain as muted as they have been in the past few years. A substantial portion of today's vessels will ...
EnBW charters North Star CSOV for German offshore wind farm work UK service operations vessel (SOV) operator North Star has secured its first contract for a commissioning service operation vessel (CSOV) with energy utility giant EnBW. This will be North Star's second award with the company. This award is for the newbuild Grampian Kestrel CSOV and will precede the decade-long charter contract the firm signed in ...
Barge takes out crane at Keelung port A ship accidentally knocked down an existing quay crane at Keelung Port in Taiwan while docking to unload another pair of new cranes. The accident occurred on Pier 20 at the port on Monday afternoon. Fortunately, there were no casualties or injuries reported. However, the damage is estimated at around NT$300m ($9.3m). The cause of ...
India brings three state-run companies together to seek overseas port opportunities India has plans to create a greater footprint of overseas ports, mirroring what neighbour China has accomplished over the past three decades. According to local business publication Mint, three state-run companies are forming a consortium to buy port concessions around the globe. The consortium consists of India Ports Global Ltd (IPGL), Sagarmala Development Co Ltd ...
Daily Briefing Industry leaders call for collaboration, but the cracks are starting to show | Norwegian insurer of exploding Iran-trading LPG gas...
Industry leaders call for collaboration but the cracks are starting to show Collaboration has been the central theme of seven years of discussions within the Global Maritime Forum, but are the basics...
Brussels offers reassurance on overlaps between ETS and IMO measure IMO representative finds remarks by DG Move official 'encouraging' but hopes global pricing measure can work 'unilaterally'
Maersk commits to integrated logistics with flagship warehouse in Shanghai's Lingang Rather than focusing solely on size, Maersk is focussing on assisting customers in addressing the logistical fragmentation within the supply...
FuelEU compliance taking shape as implementation nears Biofuel bunkering and pooling with over-compliant vessels among top compliance options for FuelEU, as startups such as Ahti, Prosmar and...
Norwegian insurer of exploding Iran-trading LPG gas carrier says not liable as premium unpaid Who will pay out for the casualty remains uncertain. Fire engulfed the Tanzania-flagged Captain Nikolas off Bangladesh during the weekend...
Europe's biggest ports fight back against drug smugglers Belgium and the Netherlands have reported their efforts to combat drug smuggling in Europe's biggest ports to the International Maritime...
UK-incorporated marine insurer claiming government backing issued Blue Cards for sanctioned Iranian trading tankers The Pacific Maritime Club Limited, which is listed as an approved provider of marine insurance by registries including Panama, Palau...
Bid to hike liability limits for non-US owners unlikely to make statute books 'It's a nice stunt by a politician, but it hasn't gotten any traction,' argues Clyde & Co partner
French windfall tax could hit CMA CGM Other countries could follow French lead if plan proves a successful money maker, warns boxship expert
Oil's post-Covid boom is over, says IEA report Opec's latest figures paint a slightly rosier picture for the oil market, with demand growing to 1.9m bpd, but reduced...
Hanwha finalises deal to acquire Dyna-Mac The acquisition appears to be entering its final stages. It will mean Hanwha Ocean can use Dyna-Mac's offshore topside modules...
SIPG appoints new president after year-long vacancy The former president, Yan Jun, resigned in July last year and was charged for taking bribes totalling $5m
Hyundai Heavy to hire Thai welders to overcome labour shortage To address workforce shortages, the South Korean shipbuilder has teamed up with the Thai government, which is eager to give...
Federal tug rules unnecessary at US ports after Baltimore, lawyers argue Other bridges - such as New York's Verrazzano-Narrows and San Francisco's Golden Gate - are perceived to be vulnerable
Asia-Europe carriers target pre-Lunar New Year demand with rate hikes, blank sailings Ocean carriers have so far been unable to stem the rate slide in the traditionally slow post-Golden Week period that followed an early peak season on the trade lane, but are pulling hard on capacity management levers in a bid to balance supply and demand.
India's project cargo expansion tempered by clearance snags, equipment shortages Rapid urbanization and strong economic growth are driving project cargo volumes in India, though heavier cargoes are becoming harder to handle due to port equipment and infrastructure limitations.
Longshore wage deal at East, Gulf ports to add at least $5 billion in labor costs Ocean carriers face phased-in increases to container lift rates at East and Gulf ports due to the new wage deal.
ShipTech newsletter: Managers' digital opportunity and exploring carbon capture's viability A curated selection of shipping's technology news from the TradeWinds team
NYK Group eyes $8bn-plus newbuilding investment drive for zero emissions journey Japanese shipping boss says future spend on newbuilds will exceed total put down between 2023 and 2026
Bugbee on Poseidon Principles: 'It's fantastic, it's brilliant, but it's nothing' Scorpio president says worst fears go unrealised as tanker owners awash with offered bank cash
'Pencils down': Regulatory uncertainty keeps many US clean fuels projects on the shelf Uncertainty over tax credits keeps fuelling investments on hold, slowing progress in shipping
Greece's Starboard locks in Shih Wei panamax for a year as period rates slip Taiwanese owner fetches $14,200 per day as bulker leaves dry dock in China
Shipowner Matson testing AI-based thermal cameras to avoid whale strikes System capable of detecting mammals over 6km away
Stimulus v geopolitics: Greek bulker owners fear economic warfare between US and China and Taiwan 'atom bomb' Greek shipping men Aristides Pittas and George Souravlas see their market pulled in opposite directions
Container freight rates have bottomed out this year, says Zencargo boss Digital freight forwarder says volumes seem to be stabilising
Maersk off the hook in concrete block fraud case, judge rules Greek metal trader sued liner operator after paying shipper for junk cargo
US crackdown on Iran ghost fleet fruitless as tankers 'already flouting' sanctions, BRS says Shipbroker says vessels designated by Treasury will carry on transporting oil and LPG
Tanker tycoon OK Lim prosecutors push for 20-year jail term Ocean Tankers founder is due to be sentenced next month on cheating and forgery charges
NYK Line eyes $8bn-plus newbuilding investment drive for zero emissions journey Japanese shipping boss says future spend on newbuilds will exceed total put down between 2023 and 2026
Tanker trips through hazardous Red Sea chokepoint plunge by more than half Vortexa figures show the effect of Houthi attacks on oil flows
'Shadow-free zones': Ukrainian researchers call on marine insurers to prevent environmental disaster Team from Kyiv School of Economics says action must be taken now to avoid 'imminent and significant threat'
Tanker owners pin hopes on Chinese demand to pep up lacklustre share values Chinese crude imports need to rise to help pump up rates
'China will retaliate': Why Emanuele Grimaldi fears trade war over European electric vehicle tariff As he plots a $1bn order for 11 more vessels, Italian owner lashes out at EU protectionism
Russia shadow tanker fleet spend tops $10bn as sanctions leverage wanes Big investment on older secondhand ships is paying off for Putin administration, Kyiv School of Economics reports
Howe Robinson recruitment bandwagon keeps rolling with new S&P hire in Singapore Second newbuilding specialist hired by broker in Far East this month
Vela Transport wind cargo ship project with broker BRS raises $44m Funding has come from French banks and US environmental group
Israel promises not to touch Iran's oil facilities as retaliation for missile barrage looms Counterattack will come before US elections in November, report says
SK Shipping steam turbine LNG carriers offered for sale as redeliveries loom Deluge of elderly tonnage set to flood market as Chinese buyers snap up one ship and another is recirculated
Women in shipping want 'real action not femme-washing' Wista International president Elpi Petraki encourages companies to embrace change
Tufton Oceanic predicts Chinese stimulus boost after profit drop UK shipping fund logged lower operating earnings in third quarter
Marinakis' Capital Clean logs $500m shelf filing to support growth Issue of shares or debt would be earmarked for acquisitions or refinancing
U-Ming orders four LNG-ready ultramax bulkers at Chinese shipyard Taiwanese owner has now booked eight vessels at yard in two years
Evangelos Marinakis' Capital Clean registers $500m shelf securities sale to fund expansion Issue of shares or debt would be earmarked for vessel acquisitions or refinancing, Greek company says
CMA CGM braced for $875m hit as French windfall tax offers new barrier to investment French container line says ship investment will be hurt if government imposes one-off levy
Maersk has 'only' upside as Arctic sees stock market as too bearish on container ship giant Analysts say Maersk has cash 'to weather a potential storm'
European ports act to halt drug-haul container corruption New systems limit access to unique container codes to prevent infiltration by criminal gangs
Eyal Ofer's Zodiac Maritime sells modern bulker as asset prices show resilience Deal comes amid strong demand for eco tonnage in the sector
Arrest against Aristides Pittas-controlled bulker tossed out by Indian court Greek shipowner's lawyers threaten legal action against Singapore dry bulk operator over 'wrongful arrest'
India plans 24/7 cameras for ships after seafarer tragedies Move could affect hundreds of vessels
Cadeler sees 'massive growth' as BW-backed owner builds on shipyard relations New vessel orders will depend on client commitments, CEO says
Florida port gets $9.5M in Milton storm funding SeaPort Manatee near Tampa, Florida, is slated to get millions of dollars in emergency state funding to help recover from the effects of Hurricane Milton.
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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