Kalypso Offshore Energy plans new Jones Act cable lay vessel New York City headquartered Kalypso Offshore Energy LLC reports that it has signed a letter of intent with Royal IHC covering the construction of a Jones Act compliant cable lay vessel that,
Fincantieri Marinette lays keel for first new Constellation-class frigate "USS Constellation and the Constellation-class frigates are a critical next step in the modernization of our surface ship inventory, increasing the number of players on the field available globally for our fleet
VIDEO: Bridges reopen following Ohio River barge breakaway Two bridges reopened Saturday morning following reports of several loose barges floating uncontrolled down the Ohio River near Pittsburgh. The McKees Rocks Bridge was reopened just after 6:15 a.m., while the train bridge
City of Baltimore lawyers up to pursue Key Bridge damages Baltimore Mayor Brandon M. Scott announced yesterday that the City of Baltimore is taking legal steps to "proactively and aggressively address the catastrophic impact the Key Bridge collapse has had on the
Incat Crowther-designed research vessel delivered in Thailand Thailand's Department of Marine and Coastal Resources (DMCR) has taken delivery of a new state-of-the-art research vessel designed by Incat Crowther. The Incat Crowther 25, built by Thai shipbuilder Seacrest Marine, will
AAPA and ABS release port decarbonization report Today, the American Association of Port Authorities (AAPA) released a significant industry report titled, "Port Decarbonization Survey: Trends and Lessons Learned." It was conducted in partnership with the American Bureau of Shipping
All American Marine to build research vessel for Cal Poly Humboldt Bellingham, Wash.-based All American Marine, together with the California Polytechnical Institute at Humboldt (Cal Poly), just announced the contract to build an innovative research vessel for the Cal Poly marine sciences program.
7 Benefits of Real-Time Tracking in Shipping Logistics The complexities of shipping logistics are increasingly being simplified with the introduction of advanced technologies. This shouldn't be a surprise to anyone, after all, logistics has always leaned heavily on the latest technologies. However, when it comes to technological advancements we are living in unprecedented times and technologies like IoT, AI, and sophisticated software are rewriting o
The New Age of Proxy Warfare: Cyber Attacks and Defense Strategies In the ever-evolving landscape of warfare, the battleground has shifted dramatically in recent years. Gone are the days of conventional warfare being fought solely on physical fronts. Today, a new breed of conflict is emerging-one that transcends borders and operates in the invisible realm of cyberspace. Welcome to the era of proxy warfare, where nations and entities engage in clandestine operati
European ports join forces to preserve shipping industry In recent years, discussions among port authorities have often revolved around determining the largest port. However, today, when the CEOs of Port of Antwerp-Bruges, North Sea Port, Duisburger Hafen AG, and Port of Rotterdam convene, their focus has shifted. Rather than comparing cargo volumes, they now seek to collaborate in ensuring a sustainable future for the European shipping industry. As th
Hapag-Lloyd and Seaspan partner to retrofit five container ships Hapag-Lloyd and Seaspan Corporation have forged a partnership agreement to retrofit and convert five 10,100 TEU container ships. These vessels, originally powered by conventional MAN S90 engines, will transform dual-fuel engines capable of running on methanol. Post retrofitting, the vessels will remain under long-term charter from Seaspan to Hapag-Lloyd. "The methanol retrofit project is a furthe
The 10 Top College Majors for the Future When making decisions about the future, young people always face the moments when they have to choose a suitable educational institution for a lucrative career. Some may say that college is unimportant today and can be replaced by self-education or other private courses that would take less time and money to prepare for a chosen occupation. However, with a well-planned curriculum and properly org
CMA CGM AIR CARGO set to expand with Transpacific route launch in summer CMA CGM AIR CARGO is set to launch a transpacific route linking Asia to North America in the summer of 2024, signalling a significant advancement in its air freight services. To facilitate operations to new destinations, the company will take delivery of two Boeing B777-200F aircraft this year. The first aircraft, expected in June, will kickstart operations on the transpacific route during the su
CM Labs Simulations launches training solution for double-empty container handlers CM Labs Simulations, a provider of simulation-based training, has unveiled a cutting-edge simulation training solution tailored for double-empty container handlers. In collaboration with port operator trainers, CM Labs Simulations has introduced the Intellia Double Empty Container Handler Add-On Module. This innovative tool is designed to instruct operators on the efficient utilization of double-
Maersk commemorates 120 years of history Today marks the 120th anniversary of the Danish shipping company A.P. Moller - Maersk. The firm highlighted its remarkable evolution from humble origins in Svendborg, Denmark, to a global transportation giant. Maersk historian Henning Morgen showed off some of the Maersk highlight items, exploring the company's heritage and uncovering some of the milestones that have shaped Maersk, from entering
Hapag-Lloyd unveils its new Strategy 2030 Hapag-Lloyd announced its Strategy 2030, which is a roadmap for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency. Hapag-Lloyd said that over the past five years, it has made progress in customer satisfaction, financial stability, and market expansion, particularly in key growth regions such as India and Africa. The German carrier said that Strate
Taiwan's Freeway blocked after Evergreen truck turns on side An Evergreen container truck carrying a 40-foot container flipped on its side while driving along Taiwan's National Freeway 2 this morning (16 April), blocking traffic on the road. The National Highway Police Bureau said at around 6.52 am local time, the truck rolled over at the Zhentou Interchange, which is 0.1 kilometres east of the freeway, blocking access in the direction of the interchange.
CMA CGM applies new rates from Asia to North Europe French carrier CMA CGM has announced updated Freight All Kinds (FAK) rates effective from 1 May until further notice. The origin range encompasses all Asian ports, including Japan, South East Asia and Bangladesh, extending to all North European ports, including the United Kingdom and the entire spectrum from Portugal to Finland and Estonia. 20'GP 40'GP/40'HC/40'REEFER Asia to North Europe US$2,20
Hapag-Lloyd removes Navegantes from ECX rotation, introduces new Brazil feeder service German ocean carrier Hapag-Lloyd has announced changes in the Europe East Coast Express (ECX) service. From mid-April until further notice, Hapag-Lloyd said the vessels deployed on the ECX service will be omitting the port of Navegantes in Brazil. Therefore, a weekly feeder service will be introduced between Navegantes and Rio de Janeiro in Brazil for both import and export cargo. Port rotation:
Addressing pest threats in global container transport Each year, 250 million containers are transported across the globe carrying essential goods such as food, clothing, and electronics. While vital for global trade, these containers can inadvertently transport pests, threatening ecosystems and industries worldwide. Recognizing the collective responsibility of all parties involved in the supply chain the "Prevention of Pest Contamination of Containe
Long Beach sees over 2 million TEUs in first quarter In March, trade flowing through the Port of Long Beach saw a boost thanks to rising consumer confidence, marking the seventh straight month of year-over-year cargo growth. During the initial quarter of 2024, the Californian port handled 2,002,820 TEUs, reflecting a 16.4% increase compared to the corresponding period in 2023. Furthermore, dockworkers and terminal operators handled 654,082 TEUs las
TFG Marine snaps up Spanish bunker supplier TFG Marine, Trafigura's marine fuel supply joint venture with John Fredriksen's Frontline and Golden Ocean Group, is set to take majority ownership of Spanish bunkering player Vilma Oil Med. The deal for an undisclosed sum is subject to regulatory approvals and is expected to further expand TGF Marine's bunker offer in the West Mediterranean. It ...
Marco Polo Marine fixes financing deal for CSOV newbuild Singapore offshore vessel player and shipyard Marco Polo Marine, along with its Taiwan-based subsidiary PKR Offshore, has entered into a financing agreement for its offshore wind commissioning service operation vessel (CSOV) newbuild. The financing deal for the purpose-built CSOV, to be named Wind Archer, was signed with Taiwan-based banking holding company Bank Sinopac. The bank ...
Seacon boosts tanker fleet with newbuild duo China's Seacon Shipping has returned to Fujian Southeast Shipbuilding for more tankers. The Hong Kong-listed company has added two 18,500 dwt chemical/product carriers to four already booked at the yard earlier this year in a deal worth a total of $129.2m. The fresh order came at $32.3m each with vessels delivering in December 2025 and ...
Atlantska Plovidba adds to ultramax orderbook in China Croatian bulker owner and operator Atlantska Plovidba has added another ultramax newbuild to its orderbook in China. The Dubrovnik-based outfit, majority owned by compatriot Tankerska Plovidba from Zadar, said in a Zagreb stock exchange filing it had lifted an option at Jiangsu Hantong Ship Heavy Industry for an additional vessel following a $65m deal for ...
Consortium looking to create green corridor between North America and Asia Companies from North America, Asia, and Europe have formed a new consortium which will work on creating a new corridor for the decarbonised transportation of several commodities, including agricultural products, metal concentrates, and steelmaking coal between North America and Asia. To that end, nine founding members - Canadian National Railway Company, Mitsubishi Canada, Mitsubishi Heavy ...
Singfar contracts for two aframaxes Singfar Group has expanded its newbuild series with a contract in China for a pair of aframax tankers. The Singapore-based owner has booked a 115,000 dwt duo at New Times Shipbuilding, according to brokers. The company, best known for its bunkering business but also active in the crude and product tanker markets, had already ordered ...
Lithuania cancels second offshore wind tender The second tender for a wind farm offshore Lithuania was cancelled due to a lack of interest from developers. Lithuania's National Energy Regulatory Council waited for applications until April 14 for a tender announced in January this year. At least two bidders had to participate for the tender to be considered successful, but only one ...
Panama Canal Authority increases daily slots and maximum draft Further evidence that the worst of the El Nino-led drought is over in Central America came yesterday with an advisory from the Panama Canal Authority (ACP) announcing an increase in booking slots and maximum allowable draft. The ACP will gradually allow up to 32 ships through per day, compared with a limit of 27 announced ...
TechnipFMC bags work on Exxon's sixth Guyana project Offshore contracting giant TechnipFMC has been awarded a contract in Guyana's Stabroek Block by US supermajor ExxonMobil to supply subsea production systems for the Whiptail project. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. Exact financial ...
Busy Union Maritime offloads a tanker S&P activity is picking up this month with brokers reporting a string of deals. Laurent Cadji-led outfit Union Maritime has sold the five-year-old, 50,000 dwt, Hyundai Mipo-built tanker, Avon, to an undisclosed account for $45.5m. Last week, the UK bulker and tanker player made the headlines for shaking hands with Hong Kong-listed Seacon Shipping, putting ...
Anglo-Eastern to take over Euronav's Greek shipmanagement arm Hong Kong-based shipmanager Anglo-Eastern has sealed a deal to buy Euronav's shipmanagement arm in Greece. The deal for Euronav Ship Management Hellas will also see the duo join forces, with Anglo-Eastern assuming shipmanagement responsibilities for the tankers currently under Euronav's management. The Bjorn Hojgaard-led Anglo-Eastern, with more than 650 ships under full technical management and
EU naval force warns paying ransoms could lead to more Somali hijackings The EU Atalanta naval force which handles piracy operations in the Indian Ocean has warned that the decision last week by a Bangladeshi company to pay ransom to free its ship and crew could lead to further attacks on merchant shipping. Ships sailing off the Somalian coasts were urged yesterday to maintain a heightened state ...
HMM lays out plans to double fleet size by 2030 HMM, South Korea's flagship carrier, laid out mid-term expansion plans yesterday which will see its container fleet nearly double in size to 1.5m teu by 2030, while also looking to double the size of its bulk fleet by the start of the next decade. In recent months, plans to privatise HMM have fallen through and ...
Meriaura cites geopolitics in choosing Dutch yard for next newbuilds Finland's Meriaura has signed a contract for two general cargo ships with the Dutch shipyard Royal Bodewes for delivery in January and December 2026. The 105 m long, 1A ice classed 6,750 dwt vessels can use biofuel made from recycled raw material produced by Meriaura's subsidiary VG-Ecofuel. "This order is a continuum in our series ...
US consumer demand bolsters port of Long Beach volumes A resilient US economy and strong consumer demand are supporting US container import demand. Port of Long Beach's reported its...
Panama Canal to increase transit slots and raise draught limits Panama Canal Authority has laid out a timeline for future increases in bookable slots and draughts. The move comes amid...
Hapag-Lloyd confirms first dual-fuel methanol retrofits for existing fleet Conversion of five 10,100 teu boxships to dual-fuel methanol follows agreement first announced in July 2023 for the potential retrofit...
Shipping braces for fallout as Middle East tensions flare Geopolitical conflicts have so far helped bring in shipping revenue. But the potential for the situation to spiral out of...
Containership charter rates stay strong but overcapacity risk remains Red Sea crisis means demand for chartered boxships shows no sign of easing, but the sector faces uncertainty from the...
CMA CGM expands air freight network Announcement follows many diversification attempts by CMA CGM, including purchasing a majority stake in a French media company
Singapore proposes future skills hub for maritime talent training 'Hub for Future Skills' proposed by Singapore Maritime Foundation aims to enhance workforce competency for professionals in different career stages
Cargo interests face long wait over Dali general average call General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will...
Hapag-Lloyd lays out 'Strategy 2030' to stay at the top The new strategy is built on five pillars, including a target of a net zero fleet by 2045
EU issues piracy warning after Abdullah release Operation Atalanta has warned that any ransom payments could encourage further hijacking attempts and has identified at least one pirate...
Euronav sells its shipmanagement arm to Anglo-Eastern Anglo-Eastern will buy Euronav Ship Management Hellas and manage the Euronav ships under its control
Daily Briefing Shipping faces more fallout in wake of Iran's attack on Israel | US-sanctioned ship with unknown flag and insurance had...
Portland seeks state aid to maintain container business through 2024 The port said it has gotten its two ocean carriers to pay higher terminal fees to help offset growing losses, but wants a third-party operator to come in to keep its container business viable.
US freight demand still soft but 'broadly consistent': Cass There are signs of growth in the latest Cass Freight Index, but US transportation markets lack a catalyst that would accelerate volumes.
Large loads to Europe stranded in Indian ports after MSC Aries seizure According to local port berthing updates, the Aries had an estimated time of arrival in Nhava Sheva of April 16, with some 2,400 containers planned for loading out of the port.
New risk factor flares in Middle East after seizure of MSC Aires by Iran The taking of the container ship and its crew by Iranian forces comes as Red Sea attacks on shipping by Tehran-backed Houthi rebels in Yemen have forced virtually all commercial vessels to divert around southern Africa.
Hapag-Lloyd to target BCO growth in move to 'rebalance business' The carrier has pledged to remain loyal to its core container shipping segment but at the same time is rapidly expanding its terminal business and increasing its share of inland transport capacity.
CMA CGM Air Cargo enters key trans-Pacific market amid e-commerce boom With Asia-Europe services already served by 12 weekly flights out of Paris, the addition of an Asia-US network will fill a crucial gap in the airline's global coverage.
Activist investor makes leadership, service pitch to NS shareholders Ancora Holdings is trying to unseat Norfolk Southern's current leadership in part because of mistakes it believes the railroad's executives have made in the intermodal business.
Blacklisted ship manager Beks returns to Russia trades under fresh flags More than two-thirds of tanker fleet under new flag after UK hits Turkish operator with sanctions
'Self-dealing and value destruction': Genco Shipping hits back at George Economou 'Don't be mislead by Economou's attacks on our company,' bulker owner says
Janet Yellen threatens new sanctions against Iran oil exports 'in the coming days' EU also eyes sanctions on Iran after weekend's attack on Israel
Hapag-Lloyd sets sights on M&A and dual-fuel newbuildings in 'most ambitious strategy to date' German container giant reveals new plan aimed at retaining status among world's big five players
Hapag-Lloyd and Seaspan invest $120m in methanol retrofit of container ship quintet Ten-year-old vessels to be refitted for methanol propulsion as carrier sets green targets
EU naval force warns of new hijack threat after $5m ransom paid Somali pirate group reported receiving money in return for the release of bulker Abdullah
Singapore launches new training facility as it strives to retain top hub position Focus on being a talent hub sits alongside ambition for innovation and maritime resilience
DNB and ABN AMRO revealed as $200m backers of Star Bulk's Eagle takeover Law firm Norton Rose Fulbright advised European lenders on debt financing connected to big-ticket deal
Greece outlines $900m plus in green shipping pledges at John Kerry's oceans conference Shipping minister commits to drive green fuel uptake globally and clean-up domestic ferries with commitments at Our Oceans meeting
US under pressure to hit Iranian shadow fleet exports Limited Israeli response may come at the price of further measures to curb Tehran's oil revenue
Fredriksen and Trafigura venture takes over Spanish bunker operation Vilma Oil TFG Marine buys majority stake in company based at Ceuta in strait of Gibraltar
Blacklisted shipmanager Beks returns to Russia trades under fresh flags More than two-thirds of tanker fleet under new flag after UK hits Turkish operator with sanctions
Castor back in favour with Nasdaq after stock split Cypriot owner boosted share price as time ran out on New York exchange compliance
Tankers look to be unscathed as the return of Venezuelan sanctions looms Tepid production and export growth means rates will be unchanged, BRS Group says
Italian shipowner cashes in as Akbasoglu Holdings extends product tanker expansion drive Low-profile Istanbul player clocks up the sixth product tanker purchase in two years
US newcomer Kalypso orders first Jones Act cable-layer for wind market Start-up says Royal IHC will build 5,000-gt ship on US soil
Saudi state shipping giant Bahri in pole position as up to 10 buyers circle modern VLCC quartet Brokers say state owner has submitted best en-bloc offer for ships built in 2019 and 2020
Carnival kicks off $4.1bn refinancing in bid to slash interest rate costs World's largest cruise liner begins offering €500m bond
Seacon Shipping takes tanker newbuilding push past $400m with fresh deal Hong Kong-listed owner contracts clean carriers at Fujian Southeast
Oldendorff, NYK and Canadian mining giant team up to decarbonise drybulk supply chains Group aims for international collaboration and setting ambitious milestones to create a net-zero future from producer to shipper to customer
Offshore revival pulling in fresh capital from shipowners and private equity Offshore vessel owners also face the issues of securing financing and what fuel types to use
Carnival reveals replacement for departing chief maritime officer William Burke Changes will be effective in February 2025
Seacon flips product tanker to Union Maritime after buying out financial lease Brokers say Hong Kong-listed owner used purchase option to regain control of the Golden Lavender
Atlantska Plovidba adds to ultramax bulker order at Chinese shipyard Croatian owner continues with fleet renewal by declaring newbuilding option
Huge VLCC newbuilding splash tipped to pay off as prospects surge, pool giant says Tankers International said declining fleet size provides boost to largest crude carriers
James Fisher pushes up tanker earnings as Phillips 66 agrees 'biggest' renewal UK owner also says LNG ship-to-ship transfers saw strong demand
Container shipping rates spike as tensions flare and uncertainty engulfs Middle East Spot rates from Asia to the Middle East Gulf were on the up even before Iran's seizure of a boxship
Container ships 'starting to look interesting again' after price plunge, Tufton says UK investment fund also looking to build bulker charter exposure
China amasses giant stockpile of Russian oil at new storage base Importer storing ESPO blend for the first time, traders say
HMM reveals huge expansion plan with 240 vessel fleet in its sights The South Korean company revises carbon neutrality target, bring forward it by five years
Two shortlisted bidders battle it out for Singapore LNG FSRU job Decision expected in April on preferred provider
John Su eyes 20-vessel LPG fleet at Erasmus Shipinvest as he seeks to replicate dry bulk success Chairman and CEO tells how the Athens-based outfit has been growing its gas fleet
Hapag Lloyd adds its weight to Singapore to Rotterdam digital and green corridor New partners will be forming working groups on new fuels
Euronav sells Greek ship management arm to Anglo-Eastern Hong Kong ship manager will assume responsibility for fleet currently overseen by Euronav Ship Management Hellas
Ukraine torpedoes deal with Russia to secure safe shipping in Black Sea war zone Kyiv and Moscow would have ensured the safety of each other's commercial vessels
Chinese owners dominate Asian S&P in first quarter Over 300 vessels changed hands, primarily bulkers and tankers, in deals involving assets worth almost $8bn
Chinese owners dominate S&P in Asia in first quarter, says Veson Nautical Over 300 vessels changed hands, primarily bulkers and tankers, in deals involving assets worth almost $8bn
Singapore adds more companies to Rotterdam digital and green corridor New partners will be forming working groups on new fuels
CMA CGM outsources new trans-Pacific service to Atlas Air CMA CGM Air Cargo, with roots in the container shipping industry, plans to add 11 large freighters from Boeing and Airbus within three years. The first additions will enable the start of an Asia-U.S. service this summer.
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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