Petrobras signs contracts for 12 new hybrid PSVs Edison Chouest Offshore's Brazilian affiliate Bram Offshore is one of two companies that will each build and operate six new hybrid PSVs (platform support vessel) under contracts awarded yesterday by Brazilian energy
Trump backs ILA position on automation President-elect Donald J. Trump has come out firmly in support of the ILA union position as its negotiations with port employers association USMX continue to bog down over what the employers call
Top Maritime Trade "Hotspots" for 2025 Container News identifies the key maritime trade "hotspots" set to shape the shipping industry in 2025. These regions, where geopolitical risks intersect with economic dynamics, are poised to redefine global shipping routes. 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
InductEV joins Zero Emissions Port Alliance Wireless EV charging pioneer InductEV has joined the Zero Emissions Port Alliance (ZEPA), aiming to accelerate port decarbonization and make battery-electric container handling equipment (BE-CHE) more affordable and accessible. Moreover, ZEPA estimates that over 120,000 container handling units, which contribute 10-15 million tons of CO2e annually, need to be decarbonized. InductEV's high-power i
Pilbara Ports Authority records throughput increase in November In November 2024, the Pilbara Ports Authority reported a total monthly throughput of 67 million tonnes (Mt), reflecting a 9% increase compared to November 2023. The Port of Port Hedland handled 49.3 Mt, with 48.8 Mt of that being iron ore exports, marking an 8% increase over the same month last year. Imports through the Port of Port Hedland totalled 168,216 tonnes, translating to a decrease of 9%
WiseTech Global takes over Australian GTM solution provider WiseTech Global, developer of the CargoWise logistics platform, has announced an agreement to acquire BSM Global, an Australian-based provider of global trade management (GTM) solutions. Founded in 2003 by Robert Flemming, BSM operates across Australia, New Zealand, Singapore, and the United States. Its GTM solutions enable exporters and importers to manage contracts, financial arrangements, and
Weekly Highlights of Container Shipping Companies Stocks The container shipping sector experienced a dynamic week marked by fluctuations in stock prices, reflecting broader economic trends, trade dynamics, and geopolitical developments. Amid concerns about global trade demand and cost pressures, the sector showed mixed performances, with certain players defying the general downtrend. Below is an analysis of key players in the container shipping industr
Evergreen diversifies into real estate to manage volatility 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 .
How US agencies made a success of "complex" Dali salvage All salvage operations are complex and have their own particular challenges, but few recoveries can have had so many elements of potential danger as the operation to reopen the access channel to the port of Baltimore after the Dali had collided with a bridge support. The Francis Scott Key Bridge immediately collapsed on impact, killing six unfortunate workers on the road and blocking marine traff
Marport invests in new terminal equiment Türkiye-based Marport has reached another milestone by acquiring four state-of-the-art ship-to-shore gantry cranes, featuring advanced technology and an impressive 25+1 container horizontal reach, as part of the US$250 million Marport Modernization Project initiated in 2022. Contributing significantly to the Turkish economy, Marport has invested US$60 million in these cutting-edge cranes, which w
CMA CGM, AD Ports inaugurate new container terminal in Abu Dhabi New Abu Dhabi's container terminal, CMA Terminals Khalifa Port, has commenced operations after the official inauguration on 12 December. The new box terminal will be operated by a joint venture of CMA Terminals, a subsidiary of CMA CGM Group, and Abu Dhabi Ports (AD Ports). CMA Terminals owns a 70% stake in the joint venture, while AD Ports holds the remaining 30%. The inauguration was made by Sh
MSC continues container ship order rally with new major order The Swiss container shipping giant MSC continues its strong order streak, placing a new massive order for newbuild container ships. According to Alphaliner, MSC has placed an order for ten vessels, each with a capacity of 24,000 TEUs, at the Chinese shipyard Hengli Heavy Industry. The delivery of the newbuildings is expected to begin in 2028, with the value of the deal estimated at around US$2.35
2M crowned most reliable container alliance over eight years Since April 2017, the container shipping industry has operated under a three-alliance structure comprising the Ocean Alliance, THE Alliance, and 2M Alliance. This structure, which will be reshaped in February 2025, has significantly influenced trends in schedule reliability over nearly eight years. To better contextualize these trends, Danish maritime data analysis firm Sea-Intelligence developed
Charting India's Maritime Future: Advancements Under Maritime Vision 2047 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 .
Delta Cargo partners with cargo.one Delta Cargo, a US-based air cargo carrier, has entered a long-term agreement with cargo.one, the premier digital air freight procurement platform. This partnership will provide freight forwarders worldwide with enhanced digital access to Delta Cargo's services, streamlining instant booking, quoting, and tracking capabilities. Delta Cargo's extensive network of over 250 destinations and commitment
Future of Lines of Credit In 2025: Emerging Trends to Watch Out Line of credit or LOCs help individuals and businesses meet their financial needs. LOCs offer businesses and entrepreneurs a flexible borrowing option enabling them to meet various business needs with ease. But like any other financial instrument, the line of credit is evolving with time. With advances in technology, customer expectations, and global financial trends, our line of credit has also
MSC adds Australian port call to Koala service Swiss/Italian ocean carrier MSC has announced a new direct call at Adelaide port on its Koala service, which connects China, Australia and Indonesia. Liberia-flagged MSC Sijing will be deployed on the first sailing of the following updated port rotation with an estimated time of departure from Shanghai on 18 December: Shanghai (China) - Hong Kong - Jakarta (Indonesia) - Fremantle (Australia) - Ad
TT Club commends UK efforts to bolster freight crime resources Earlier this month, the UK's House of Commons held a debate that underscored the significant impact of freight crime on public safety and the UK economy, particularly its future growth, a priority for the current Government. The discussion also highlighted the insufficient resources allocated to combatting freight crime effectively concluding that England's National Vehicle Crime Intelligence Ser
Panagiotidis-led Castor Maritime buys MPC Capital Thalvora Holdings GmbH, a subsidiary of Castor Maritime Inc. and led by Greek businessman Petros Panagiotidis, has acquired a 74.09% stake in MPC Capital, a global investment and asset manager for infrastructure projects and the mother company of the Norwegian vessel owner MPC Container Ships. The price was set at €7 (around US$7.3) per share. Constantin Baack, CEO of MPC Capital AG, commented: "
Trump Backs ILA in Port Automation Dispute The new president of the United States Donald Trump met with the leaders of the International Longshoremen's Association (ILA), a North American labor union representing longshore workers along the US East Coast, to discuss the thorny issue of port automation. While the previous ILA strike on the USEC ports lasted only three days, there are fears for new labour actions in mid-January, as the unio
Indian dockworker unions withdraw 'indefinite' strike threat Labour peace has been restored at India's major public ports after the government cleared a new wage agreement for implementation. A federation of six national labour groups, representing dockworkers, had threatened to launch an indefinite strike from 17 December, prompting officials at the Ministry of Shipping to intervene and address the workers' grievances. "We have received an order from the
Knutsen seals LNG FSU deal in Honduras Norway's Knutsen Group has agreed on a charter deal with Genesis Energias in Honduras for its 2004-built LNG carrier Bilbao Knutsen. The 138,000 cu m vessel will be used as an LNG floating storage unit (FSU) as part of an LNG-to-power project. The vessel, that marked Knutsen OAS Shipping's entry into the LNG market, will ...
NGM Energy finishes the year with ship sales This year has been slow for one of Greece's most active and successful S&P players, NGM Energy, run by the Moundreas family. December is proving different. Numerous brokers note that the outfit has offloaded the 2014-built supramax Porthos, a Jiangsu Hantong Heavy-built bulker, for $13m, with brokers noting that the buyer is Indonesian account Bahtera ...
DHT offloads oldest ship New York-listed supertanker specialist DHT is selling its oldest ship for $43.4m. The Svein Moxnes Harfjeld-led VLCC owner said it had struck a deal with an undisclosed buyer for the 2006-built DHT Scandinavia. Delivery of the Hyundai-built unit is expected in January 2025. DHT said the ship is debt-free and expects to use the sale ...
Petrobras splashes $2.8bn for 12 platform suppliers Brazilian state-owned giant Petrobras has signed contracts worth R$16.5bn ($2.75bn) for the construction and chartering of 12 platform supply vessels (PSVs). The contracts, which include a period of up to four years for mobilization and 12 years of operation, were signed with Bram Offshore and Starnav Serviços Marítimos. The vessels will be built by the ...
Disconnect between earnings and secondhand asset values in the spotlight Broker SSY has been studying the disconnect between earnings and secondhand asset values in the bulker market, something it believes will continue next year and beyond, thanks in no small part to shipyard capacity utilisation. Given continued strong newbuild demand across the shipping markets, SSY expects newbuilding prices to remain fairly insulated from the short-term ...
Trump comes out in support of dockworkers in automation battle on US east coast President-elect Donald Trump has backed dockworkers in their automation battle with employers on the US east and Gulf coasts, citing his America first mantra. Unionised workers and employers have not been able to agree terms for a new labour deal, with levels of automation being the hurdle, something that risks becoming a fully blown strike ...
Petrobras hires OneSubsea to boost recovery from two FPSOs SLB's OneSubsea has won a contract for two subsea raw seawater injection (RWI) systems to increase recovery from Petrobras' prolific Búzios field The systems will help to increase the production of FPSO vessels, which are currently bottlenecked in their water injection capacities. Once operational, the RWI systems will reduce GHG emissions per barrel of oil ...
Subsea 7 rakes in three new deals Offshore engineering and services player Subsea 7 has won three new deals for work in the US Gulf of Mexico and Saudi Arabia. Supermajor Shell contracted the company for the engineering, procurement, construction, and installation of a production flowline and related subsea infrastructure at Shell's Phase 3 Silvertip development in the Alaminos Canyon, in water ...
Castor Maritime buys MPC Capital Petros Panagiotidis-led Castor Maritime is buying a majority stake in MPC Münchmeyer Petersen Capital (MPC Capital), spending EUR182.8m ($192.6m) to take 74.09% of the shares in the Frankfurt-listed company. MPC Capital is an investment and asset manager specialising in infrastructure projects in the maritime and energy sectors. It is the founder and cornerstone shareholder of ...
Finland forces ships to discharge wastewater in port The Finnish parliament has passed legislation banning cargo ships from discharging wastewater in the country's coastal waters. The law will become effective next July. "This is a huge achievement. Major environmental victories are rare, but this decision is truly world-class. No other country has enacted such ambitious laws," Ville Wahlberg, CEO of the Baltic Sea ...
New-look hydrogen carrier unveiled in Norway Norwegian shipping technology company CryoVac has received an approval in principle (AiP) from classification society DNV for its vacuum insulation system for liquid hydrogen (LH2), a different format for transporting this nascent seaborne trade. "The AiP is an important milestone for CryoVac in bringing our vacuum insulation system to the market and start engaging with ...
Fears grow over future abandonment - not scrapping - of dark fleet tankers Dark fleet demand driven by sanctions has brought tanker scrapping to a near halt. There are rising concerns over what...
Trafigura profits down $4.5bn in 2024 amid 'serious misconduct' investigation in Mongolia The trading house said it has recorded a provision of $1.1bn after an external investigation confirmed 'significant exposure' for the...
Ten trends that will shape the shipping industry in 2025 and beyond Carbon regulation and Trump 2.0 are the obvious factors on which everyone is focused for 2025 - but don't discount...
FuelEU is going to hurt and companies need a strategy now Classification societies and shipping advisers have warned against complacency, with just days to go until the FuelEU Maritime regulation kicks...
Containers: Trump tariffs, strike potential and alliance shake-up feeds anxiety 2025 opens with the prospect of industrial action at US east and Gulf coast ports, plus the Trump factor and...
DHT offloads oldest VLCC for $43.4m New York-listed DHT has sold its oldest very large crude carrier for $43.4m. While secondhand prices for VLCCs are mostly...
Shipping can help rebuild Syria Two cheers at best for developments in Damascus
Tankers: Market braces for further volatility, supply shocks in 2025 Western regulators are to step up sanctions enforcement on Russia and Iran, having already designated more than 200 vessels in...
LPG: A second-half boost, but wildcards cloud forecast While fourth-quarter softness is expected to extend into 2025, VLGCs should benefit from more US Gulf cargoes in the second...
Trump-USMX spat sparks surprise rebound in container freight futures Container freight futures rebounded on strike jitters after Trump clashed with carriers over automation, though concerns remain on a Red...
MOL plots further cruise expansion as second ship enters service Expansion of MOL's cruise division is part of the Japanese shipping group's plans to add to its non-cargo carrying vessel...
LNG: Overcapacity points to further turbulence in 2025 Fleet growth is still expected to outpace expansion in liquefaction capacity, while geopolitical risks cannot be overlooked
Geopolitical risk shipping's biggest worry, Lloyd's List poll reveals The majority of respondents still thought shipping would miss the IMO's 2030 greenhouse gas emissions target, although there was more...
MCA launches Maritime Labour Convention amendments consultation Responses invited in coming weeks
Dry bulk: Tighter supply to balance demand drop-offs On a positive note, restrained fleet growth combined with slower sailing speeds and greater recycling, prompted by weaker rates and...
The Daily View: It's all about the bucks, kid Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Sanctions-busting tanker calls in Greek waters in Mediterranean migrant rescue Panama Maritime Authority praised the crew's skill in the rescue. Nestos was part of the fleet of UK-sanctioned Fractal Marine...
Dry bulk owners and Greek shipowners' body welcome RightShip revision UGS says longer roll-out of new, earlier inspection regime will give both sides the time to prepare better
Panama Canal sees November surge in VLGCs, big fall in Asia-US containerships More very large gas carriers and panamax bulkers are using the Panama Canal, a headwind for spot rates in those...
Daily Briefing If stocks keep sinking, should owners keep buying back their own shares? | ACL's Abbott confident of ILA deal as...
Worldwide Express rejects lawsuit claims of customer theft, hacking A lawsuit filed Thursday in US District Court alleges the fourth-largest US freight broker e Worldwide Express engaged in a campaign of retaliation with a former agent.
Transportation M&A activity seen ready to rebound as value of deals rises A 30% increase in the total value of transportation and logistics acquisitions over the last six months signals a stronger market for M&A emerging in 2025, PwC says in a market report.
ILA plays new Trump card in automation standoff with USMX The union's hardline stance against the further encroachment of automation at US ports received a big boost with the incoming administration saying maritime employers should look to labor to increase capacity and efficiency.
US offshore wind navigates uncertain future as new Trump term looms The wind energy sector provides a key source of project and breakbulk cargo, but US policy shifts could dampen future activity given that President-elect Donald Trump has been a vocal opponent of offshore wind.
Trump's backing of ILA puts pressure on carriers to cave to union's demands A statement posted by the president-elect on social media Thursday made it clear he stood with the International Longshoremen's Association and their opposition to automation at ports along the East and Gulf coasts.
Capacity shortage, aging fleet to clip air cargo wings in 2025: IATA While cargo volume is expected to grow 5.8% next year, the airline association is warning that aircraft supply chain issues will raise costs, possibly limiting that growth.
Wavelength podcast: The Baltic Exchange's FuelEU calculator and the bet on biomethane Plus the ongoing battle against fugitive methane from cargo owner to shipowner
Baltic Dry Index nears 1,000-point level as earnings for big bulkers disappoint Overall indicator of the strength of bulker markets has weakened to levels not seen since mid-2023
Grieg Green managing director Pia Meling to leave after three-year stint Head of technical and health, safety, environmental and quality Elin Saltkjel to take over role
Former Cleaves research head Michael Christensen launches claim for unpaid wages Investment bank's boss, Per Olav Karlsen, says debt will be paid ahead of any court hearing
Incoming methane rules set to create two-tier LNG cargo market 'Not very sexy or exciting' but hunting down supply chain leaks is morally the right thing to do
German feedership owners tempted into selling as asset values rise Dutch company snaps up purchase option on USC Barnkrug vessel
Trafigura profit hammered as trading giant sets aside $1.1bn provision for Mongolian 'misconduct' Trader and shipowner said the size of its fleet of tankers, gas carriers and bulkers remained stable during 2024
Trump tells cash-rich 'foreign' firms to back US port workers as automation battle looms Statement sends signal of support for longshoremen in labour talks
Shipping giants: Ofer brothers debut at $55.6bn on Bloomberg's elite family rich list News agency compiles wealth of families who have amassed fortunes over two or more generations
Newbuilding spree extends as owners order 12 PSVs in $2.7bn deal backed by Petrobras Bram Offshore and Starnav grab a slice of offshore newbuilding action with Brazilian deal
Klaveness Combination Carriers buys the dip to return $9m to investors Oslo-listed owner taking advantage of discount to net asset value by launching share buyback
George Economou brands Performance board vote a 'farce' as war of words with Palios family firm reignites Greek tycoon says he will no longer try for proxy backing for his director nominee at shareholder meeting next week
Morgan Stanley sells its stake in Hoegh Evi to Igneo Infrastructure Partners Transaction expected to close in first half 2025
'Noticeable progression': Poseidon Principles hails step forward in climate scores and transparency Group of banks representing 80% of ship finance moves closer to IMO decarbonisation goals
Petros Panagiotidis' Toro provides $150m to sister company Castor as it buys MPC Capital Cypriot tanker and LPG carrier owner arranges new loan and buys more preferred stock
Frontline beefs up board with banker and Seatankers investment director SFL chief executive Ole Hjertaker steps down as a director at tanker giant after two years
UECC looking to expand bio-LNG supply chain after Titan deal for 2025 Car carrier operator's energy and sustainability manager says customer demand is growing for lower-carbon shipping
Russia's Rosneft clinches $13bn-a-year crude supply deal with India's Reliance Agreement the biggest ever energy deal between Moscow and New Delhi, report says
Chinese shipowner Glorious Youth books its first newbuilding deal Spark Ocean Shipping venture picks Haitong Offshore yard for fleet expansion
DHT Holdings banks $43.4m windfall from sale of oldest tanker VLCC carried no debt as management eyes lower fleet age and CII benefits
South Korea to expand Busan port into world's third-largest with $10bn investment Plans to 'maintain reputation as a global transshipment hub and its competitiveness' to be completed by 2045
Eastern Pacific Shipping returns to Japan for newcastlemax bulker newbuildings Idan Ofer-led company has a total of seven conventional marine-powered 211,000-dwt bulk carriers being built in JMU
MOL Cruises eyes newbuildings as it sees strong growth potential for Japanese cruise sector MOL hopes a scaled-up cruise business will provide stable income
Apparel importers call for labor talks to resume, say port automation 'vital' The American Apparel & Footwear Association called on port employers and the International Longshoremen's Association to work out their differences over automation and avoid another strike in January.
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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