New DIA report on Iranian Houthi weapons sourcing Despite continuing efforts by CENTCOM to destroy Houthi weapons on the ground before they can be used to attack merchant ships, the Yemen-based terrorist group seems to have little trouble in acquiring
Ineffective bridge resource management seen in bulker grounding The Australian Transport Safety Bureau (ATSB) says, in a just released investigation report, that ineffective bridge resource management contributed to the grounding of a bulk carrier in the Port of Bunbury, Western
Scotland moves ahead on procurement of 7 electric ferries for the Clyde and Hebrides Caledonian Maritime Assets Limited (CMAL) reports that the first stage of a long-running Small Vessels Replacement Program (SVRP) to procure seven new electric ferries for the Clyde and Hebrides is underway. CMAL
CMA CGM applies updated PSS from Spain to America CMA CGM Group has announced an update on the Peak Season Surcharge from Spain to the West Coast South America, Central America and the Caribbean. The origin range will include Spain Med ports (Algeciras, Valencia and Barcelona) with destinations to South America West Coast, Central America and the Caribbean, including Windward, and Mexico West Coast, excluding Puerto Rico, which will remain at US
Bentley Compton Consulting Limited enters strategic partnership with Advent eModal Bentley Compton Consulting Limited (BCCL) announced a strategic partnership with Advent eModal (AeM), the world's largest port community system serving the intermodal supply chain. This partnership aims to revolutionize operational efficiencies and technological capabilities within the European logistics and transportation industry. It follows BCCL's recent collaboration with Fargo Systems Limite
Is Getting A Component Type Approval Mandatory? Ever wondered if getting a Component Type Approval (CTA) for your vehicle parts is a must? Well, not really, but they sure come with some sweet perks. Think of it like this. Having a CTA can make your life a whole lot easier when it comes to getting approval for road vehicle type and Model Report. It's like having a golden ticket that shows your vehicle parts are up to snuff with the Australian D
cargo-partner Mexico boosts emergency freight solutions cargo-partner Mexico has launched an upgraded range of emergency freight solutions tailored to meet urgent transportation requirements swiftly and reliably. "Our emergency freight solutions offer unparalleled flexibility and immediate availability, catering to extremely urgent shipments. Whether our customers require same-day collection or personal escorts, our Mexico team is equipped to provide
WEC Lines invests in new container units Dutch shipping company WEC Lines has announced the addition of 200 brand new 20ft High-Cube Pallet-Wide containers and 200 45ft High-Cube Pallet-Wide containers to its container fleet. These new container investments follow just briefly after WEC Lines has only recently replaced 60 40ft 9'6" High-Cube Pallet-Wide containers as well as entering the refrigerated container market with 50 brand new 4
Maersk and Bahrain sign agreement for ship recycling project Bahrain's Ministries of Transportation & Telecommunications and of Industry & Commerce signed a Memorandum of Understanding (MoU) with A.P. Moller-Maersk to explore and establish a ship recycling initiative in Bahrain. Strategic partners involved in the project, including ASRY, SULB Company and APM Terminals Bahrain, attended the signing ceremony. Under the MoU, the Ministries will provide regula
ILA President warns of potential strike at Atlantic and Gulf Coast Ports in October Harold J. Daggett, President of International Longshoremen's Association (ILA), said the threat of a strike at all Atlantic and Gulf Coast Ports is becoming more likely as time is growing short before the current contract expires in 80 days, on 30 September 2024. Harold J. Daggett, who is also the union's Chief Negotiator, noted that the employers represented by United States Maritime Alliance (U
Oakland Board of Port Commissioners elects new president The Oakland Board of Port Commissioners has elected Michael Colbruno as board president. Andreas Cluver has been chosen as the first vice president, succeeding Yui Hay Lee, while outgoing president Barbara Leslie has been elected second vice president. President Colbruno, who first joined the Port Commission in 2013, is serving his second term as president, having previously held the position fro
Houthi attacks target MSC boxships and tankers Houthi rebels have allegedly assaulted another of MSC vessels. On 14 July, the 1999-built 5,652 TEU MSC Unific VI was apparently hit with anti-ship ballistic missiles and drones in the Gulf of Aden. EconDB's data shows that MSC Unific VI serves MSC's Petra service that connects Djibouti, Colombo and Salalah. Houthi spokesperson Yahya Saree claimed that MSC Unific VI was targeted because it was an
LMT and LVR Flote showcase 5G maritime technology in Port of Riga On 11 July, Latvia's mobile communications and technology company LMT, in partnership with SIA "LVR Flote", the technical services provider for the Freeport of Riga Authority, conducted a maritime 5G demonstration in the Latvian port. This event showcased a full-scale maritime 5G solution, developed after extensive tests and measurements, featuring applications using both aerial and aquatic drone
CMA CGM announces reefer operational surcharge for pharma cargo French ocean carrier CMA CGM has announced an update to its reefer operational surcharge for pharma cargo transported in reefer containers. This surcharge will be effective from 10 August 2024, until further notice. For cargo originating from all locations except North America, a surcharge of US$250 per unit will be applied. Additionally, for cargo originating from North America, another surcharg
Spiralling ocean container shipping market set to peak The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiralling spot rates. Data released by Xeneta shows average spot rates from the Far East to the US East Coast increased by 3.7% on 15 July to stand at US$10,045 per FEU (40ft equivalent shipping container). On the US West Coast, spot rates increased by 2.0% to stand at US$8,045 p
AAL Shipping names Super B-Class dual fuel multipurpose heavy lift vessel Premium project heavy lift carrier AAL Shipping will take delivery of the second of eight vessels in its Super B-Class newbuilding series, AAL Hamburg, following the formal naming ceremony at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China. The ship will now set sail on its busy maiden voyage to Europe. On 12 July, AAL Hamburg was officially named after the historic German port city and st
Focus on India: Box Volume Spikes Cause Trade Flow Snarls at Nhava Sheva Terminals Indian shippers using terminals in Nhava Sheva Port (JNPT) are facing serious congestion issues due to volume buildups and persistent erratic vessel schedules, according to industry updates. Container truckers are taking excessively longer than usual to gate in and out containers, a problem drivers noted has made container pickups and drops chaotic over the past couple of weeks. The congestion is
Maersk opens new distribution center in Arizona A.P. Moller-Maersk has announced the opening of a new 13,935 m² distribution centre in Phoenix, Arizona. This facility will support American Honda's Powersports and Products division, enhancing its ability to serve its regional dealer network in the Southwestern United States. It will also provide warehousing and distribution services for recreational, utility, and outdoor equipment. "Phoenix off
Calmer weather expedites salvage ops on grounded Ultrabulk vessel Calmer weather off South Africa has provided good conditions to expedite salvage work on the Ultrabulk-operated grounded general cargo ship Ultra Galaxy. The South African Maritime Safety Authority (SAMSA) said that its top priority was the extraction and relocation of the vessel's fuel and oils on board to prevent possible pollution at sea and the ...
Performance Shipping agrees sale and leaseback deal for LR2 newbuild Greek tanker owner Performance Shipping has entered into a sale and leaseback agreement with an unaffiliated Japanese third party for a newbuild LR2 aframax tanker. As announced in March last year, the newbuilding LNG-ready, scrubber-fitted, Tier III LR2 vessel of approximately 114,000 dwt is expected to be delivered to the company in the fourth quarter ...
OceanPal branches out into product tanker sector Greek Nasdaq-listed bulker owner OceanPal is diversifying its fleet with a $27m move into the product tanker sector. The company said it had struck a deal with an entity controlled by one of its directors for the 2009 Hyundai Mipo-built MR2 Zeze Start. The deal was unanimously approved by the board, with OceanPal adding that ...
TEN fixes $245m tanker financing Greece's Tsakos Energy Navigation (TEN) has secured financing from two Dutch lenders for its tanker fleet. The New York-listed owner has sealed a $245m deal with ABN Amro and ING Bank, law firm Watson Farley & Williams, which advised on the transaction led by Athens branch head Alexia Hatzimichalis, said in a release. "This was ...
OEG's Bluestream secures German wind farm work Bluestream, part of Aberdeen-based offshore contractor OEG Energy and its renewables business, has won a contract from Vattenfall and Stadtwerke München for a large remedial campaign on the DanTysk and Sandbank offshore wind farms in the German sector of the Southern North Sea. Under the contract, Bluestream will provide subsea and topside services, leveraging their ...
Seacon cashes in on supramax sale Hong Kong-listed Seacon Shipping has offloaded one of its supramax bulk carriers, netting a profit of more than $6m from the deal with an Indonesian buyer. The Qingdao-based diversified owner and operator has agreed a $13.8m sale of the 2010-built Seacon Yantai to PT Primatama Energi Mandiri. The 57,000 dwt Cosco Zhoushan-built vessel should change ...
UK urged to back North Atlantic ECA scheme Climate action NGO Opportunity Green has urged the UK's new Labour government to support the calls for the North Atlantic Emissions Control Area (ECA). Highlighting a recent study into the impact of an ECA in the North Atlantic Ocean published by the International Council on Clean Transportation (ICCT), Opportunity Green said the new UK government ...
InterManager calls for action on accident reporting There is a significant lag between accident occurrences onboard ships, their investigation, and the casualties report being uploaded into the Global Integrated Shipping Information System (GISIS), shipmanagement association InterManager has warned. InterManager has submitted its latest accident statistics, which span several decades, to the 10th session of the IMO's Sub-Committee on Implementatio
Bahrain explores ship recycling with Maersk Bahrain has emerged as another country looking to bolster its position as a regional centre for ship recycling. A memorandum of understanding (MoU) is in place with Danish shipping and logistics group Maersk to evaluate and establish a ship recycling initiative in the kingdom, together with partners Arab Shipbuilding and Repair Yard Company (ASRY), SULB ...
ABL to assess German offshore wind sites Energy and marine consultancy ABL has been commissioned by Germany's Federal Maritime and Hydrographic Agency to carry out a navigational risk assessment of offshore wind farm sites in the N-10 identified area of interest in the German North Sea. This latest award is in addition to ABL's ongoing project with BSH to provide a trilateral ...
Global liners flock to Mexico South Korean flagship carrier HMM became the latest liner this week to announce a new service linking China with emerging manufacturing powerhouse Mexico. There have been a rash of similar China-Mexico loops announced in recent months changing the makeup of the transpacific container trades. Last week, Ocean Network Express (ONE) detailed a new similar shuttle ...
EU approves $211m investment in offshore wind terminal in Poland The European Commission has approved €194m ($211.4m) in investment aid to support the construction of an offshore wind terminal at the Port of Gdansk. The new terminal will serve as an installation terminal to build offshore wind farms. The beneficiary of the investment is the Polish firm Istrana which will build the terminal. The aid ...
UK regulator cracks down on North Sea decommissioning delays Regulators have warned UK oil and gas operators to speed up decommissioning activities in the North Sea. The North Sea Transition Authority (NSTA) has called on the companies to clean up their oil and gas legacy and stop costs spiralling, and said it was "getting tough" on operators who do not meet their regulatory obligations. ...
Rio Tinto forges ahead with giant Guinean iron ore mine project Mining giant Rio Tinto revealed today all conditions have now been met for the development of the world's largest new iron ore mine, a development that promises to alter the global dry bulk trading map. Rio Tinto will now proceed with developing rail and port infrastructure for the Simandou mine project in Guinea with Chinese ...
Prokopious seal bulker orders at another reactivated Chinese yard With prompt newbuild slots increasingly rare amid today's shipbuilding boom the Prokopiou family from Greece have proven to be particularly adept at identifying and ordering at resurrected yards in China. Having been one of the first foreign owners to order at Hengli Heavy Industries, the yard formerly known as STX Dalian, the shipowner has also ...
TGS bags offshore wind seismic project in Europe Oslo-listed seismic data specialist TGS has been awarded an ultra-high resolution 3D acquisition contract in Europe. This survey offers substantially more detailed subsurface data for shallower targets compared to traditional seismic acquisition methods. This 45-day contract will be booked in the offshore wind, data, and characterisation segment and the Ramform Vanguard vessel will mobilise for ...
Artificial intelligence from Amazon deployed in maritime London-listed Windward, an Israeli maritime AI company, has joined the Amazon Web Services (AWS) ISV Accelerate Program and has collaborated with AWS to launch a generative AI solutions that leverages Amazon Bedrock to improve risk management for the shipping, logistics, and public sectors. Windward's collaboration with AWS aims to address the growing challenges faced by ...
Germany's CargoKite project presses ahead Lomar's corporate venture lab, lomarlabs, has signed a collaboration agreement with maritime start-up CargoKite to develop a new ship class of so-called microships using large kite systems as the main method of propulsion and AI for autonomous operation. The design aims to enable low or zero-emission transportation with the added advantage of being able to ...
CMA CGM identified in latest mammoth Korean boxship orders CMA CGM is being widely tipped as the European owner behind another mammoth ship order in South Korea. HD Hyundai Heavy Industries and HD Hyundai Samho revealed yesterday an order worth $2.67bn for 12 LNG dual fuelled 15,500 teu ships, which brokers have said are being built for CMA CGM. The two yards have split ...
Yangzijiang to build another yard in Jiangsu Yangzijiang Shipbuilding, China's largest privately held shipbuilder, is expanding, developing 866,671 sq m of land in Jingjiang City into a new yard. The land features approximately 1.3 km meters of Yangtze River shoreline, and is adjacent to the company's existing Jiangsu Yangzi Xinfu Shipbuilding base. Singapore-listed Yangzijiang has set aside RMB3bn ($413m) to build the ...
Service additions in trans-Pacific drive big boost in July deployed capacity Carriers over the past two months have launched or reinstated seven services from Asia to Los Angeles-Long Beach, and three to Vancouver and the Northwest Seaport Alliance of Seattle and Tacoma.
US LTL carriers expanding next-day services in post-Yellow reset Pitt Ohio is the latest LTL carrier to announce additional next-day lanes as the redistribution of former Yellow terminals creates opportunities to speed freight.
'Super load' cargo expected to arrive at Ohio chip plant this week A 458-ton cold box, one of 24 heavy-haul transports bound for Intel's newest chip plant, is inching its way across Ohio after a year-plus of planning.
Rates from India to US, Europe explode amid heightened capacity pressures Spot booking prices from West India to the US East and West coasts have seen four- to five-fold gains in the last week or so, according to local freight forwarders.
Houthi video purports to show fiery explosion in attack on Stealth Maritime tanker Footage published on the militant group's website could not be immediately authenticated
Greek shipowner OceanPal breaks into product tankers with $27m deal Vessel once linked to Norwegian owner resurfaces with Greek bulker specialist
Maersk to help Bahrain state create new ship recycling facility Bahrain government, Maersk, ASRY and local steel maker sign MOU to build up capacity
Sixteen seafarers missing after product tanker capsizes Indians and Sri Lankans were on board the small tanker Prestige Falcon when it capsized
Powerful cartel in full control of Mexican port as shipping drug seizures spike Sinaloa crime gang charges drug traffickers to use Pacific coast port of Mazatlan, US report claims
'No threat': Offshore market balance not threatened by newbuilding return, says Lars Peder Solstad Solstad Offshore chief executive does not think recent vessel orders pose a risk to the market
Ship engine making trade body wins seat at IMO table International Council on Combustion, CIMAC, engines gets consultative status at International Maritime Organization
Engine makers get seat at IMO International Council on Combustion, CIMAC, engines gets consultative status at International Maritime Organization
Maersk's sudden shift to LNG fuelling turns the spotlight on methane slip Emissions of the potent greenhouse gas should be properly measured and regulated for impact in the near term
'There was no incident': Houthi Med strike claims rubbished by ship manager Cyprus-based managers of ship allegedly attacked by the Yemeni group in Med waters say they have noticed nothing unusual
Shipowner HMM snaps up seven bulkers in $240m secondhand market raid South Korean liner has been linked to seven purchases in two months, worth more than $240m
Seacon Shipping takes profit on bulk carrier to generate cash for newbuilding drive Hong Kong-listed shipowner's transaction follows sale-and-leaseback deal
SSY brings in Maersk Tankers MR chartering boss as tanker director to boost Danish desk New recruit will work in Copenhagen on period charters and specialised projects for London-headquartered shop
Brazilian business boosts Solstad companies outlook in profitable quarter Both Solstad Offshore and Solstad Maritime saw new work in Brazil
Tsakos Energy Navigation banks $245m loan facility to finance new tankers ABN AMRO Bank and ING Bank was advised by Watson Farley & Williams
Kjell Inge Rokke's AMSC sees strong offshore market momentum as it targets 'attractive' dividends Company continue to evaluate investment opportunities and capital allocation alternatives
Nordic lender SEB sees shipping loans shrink in first half Credit asset quality remained robust in second quarter
Norwegian shipowner Aage Thoen swooping for bulkers and offshore wind newbuildings Belleza is looking at bulkers of 20,000 dwt to 30,000 dwt
Rio Tinto greenlights world's largest new iron ore mine project Miner says rail and port infrastructure will make a significant contribution to Guinea's economic development
Yangzijiang to expand capacity with new $413m clean energy shipyard facility Chinese shipyard is acquire land for new facility with a shipbuilding capacity of 800,000-dwt per year
Houthis claim Mediterranean attack targeting tanker after strikes in Red Sea Militant group cooperates with Islamic Resistance in Iraq to target ship
Emirates' 777 order underscores Airbus' outlook for large freighters Airbus slightly trimmed its demand forecast for freighter aircraft but said airlines would need more large cargo jets than previously estimated. As if on cue, Emirates ordered more 777s from rival Boeing.
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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