AAM wins $46M SF Bay Ferry REEF ferry contract San Francisco Bay Ferry's board of directors has authorized the purchase of America's first three battery-electric, zero-emission high-speed passenger ferries. The $46 million contract was awarded All American Marine Inc. (AAM), Bellingham,
Kongsberg to supply Brazil's CMM with design and tech for six new hybrid PSVs Another major Petrobras PSV contract is in the works: Kongsberg Maritime is to supply a design and equipment package for six hybrid PSVs to Brazil's Compagnie Maritime Monegasque (CMM). The company ranked
INEOS acquires CNOOC's U.S. GoM business London-headquartered global chemical company INEOS said today that it has acquired the U.S. Gulf of Mexico business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of China National Offshore Oil
Wärtsilä books new VLAC cargo handling system orders Wärtsilä Gas Solutions is to supply the cargo handling systems for three new 93,000 cubic meter capacity very large ammonia carriers (VLACs). Like the four VLAC cargo handling systems ordered from Wärtsilä
Bureau Veritas in MOU on 3D model-based design approval Bureau Veritas Marine & Offshore (BV) has signed a Memorandum of Understanding (MoU) for a Joint Development Project (JDP) agreement with HD Hyundai Samho Co., Ltd (HSHI) and Siemens Industry Software Ltd.
Ørsted names Amanda Dasch its new region Americas CEO Ørsted announced today it has selected Amanda Dasch as its new region Americas CEO, tapping a seasoned executive with leadership experience in the U.S. energy sector and several international markets. She succeeds
DMC wins four-vessel contract for key components Four 6,250 dwt PMax Eco Trader dry cargo ships on order at Dutch shipbuilder GS Projects will have steering, control and propulsion equipment supplied by Damen Marine Components (DMC). The vessels are
Busan Demonstrates Resilience Amid Taiwan Strait Turmoil The Taiwan Strait serves as a vital corridor for East-West trade, facilitating a substantial portion of global commerce. 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 .
Wärtsilä to supply cargo handling systems for three VLACs Wärtsilä Gas Solutions, a division of the Wärtsilä technology group, has secured orders to deliver cargo handling systems for three new Very Large Ammonia Carriers (VLACs) with a capacity of 93,000 m³ each. These vessels are under construction at the Korean shipyard Hanwha Ocean, previously known as DSME. Two ships are for a Greek owner, and one is for a Japanese owner. The orders, booked by Wärt
Renaissance of Wind-Powered Container Shipping Envision the modern maritime marvels-container ships outfitted with towering masts and expansive sails. These vessels blend traditional sailing elements with contemporary technology, harnessing the power of the wind to propel their massive hulls across the oceans. Laden with rows of standardized containers, these ships cut a striking figure as the sails billow, offering a sustainable alternative
DSV unveils first renewable energy assets in Sweden DSV announced the launch of its first renewable energy assets at its warehouse facilities in Landskrona, Sweden. This major milestone marks an important step toward DSV's commitment to achieving net-zero CO2 emissions by 2050. The initiative not only helps reduce DSV's own carbon footprint but also supports customers in reaching their sustainability goals by decarbonizing logistics solutions. Bri
ScottishPower Renewables taps Great Yarmouth for EA2 pre-assembly ScottishPower Renewables has chosen Peel Ports Great Yarmouth as its base for pre-assembling components for the 960MW East Anglia Two offshore wind farm. Under this agreement, various parts of the wind farm's 64 state-of-the-art offshore wind turbines-including 192 blades produced at the Siemens Gamesa factory in Hull-will be pre-assembled onshore before being installed offshore. "It's fantastic
NorthStandard and NIORD form strategic partnership NorthStandard and NIORD have entered into a strategic partnership to enhance their offshore renewable energy underwriting business. Starting 1 January 2025, NorthStandard, a global marine insurer, will contribute an additional US$30 million in capacity to ensure fixed and floating wind farms, as well as renewable energy devices. This collaboration is part of a broader risk management agreement be
Africa's Big-4 Sets the Tone in Regional and Global Shipping Major African nations such as Egypt, Nigeria, South Africa, and Algeria collectively contribute to nearly half of the continent's gross domestic product (GDP). Amid heightened tensions in the Red Sea and ongoing rerouting processes, the shipping profiles of these countries play a critical role in their broader economic landscape.
Epic Advice for Running a Successful Container Shipping Business Running a container shipping business is both challenging and rewarding, requiring careful planning, strategic investments, and a focus on operational efficiency. From navigating global supply chains to managing assets and personnel, the industry demands a proactive approach to ensure profitability and customer satisfaction. Whether you're new to the sector or looking to optimize your operations,
Buenos Aires terminal receives certification for Neo-Panamax ships International Container Terminal Services Inc. (ICTSI)-owned TecPlata, Argentina's major container terminal, has received certification from the Argentine Naval Prefecture to conduct docking manoeuvres for Neo-Panamax vessels. This accreditation makes TecPlata the first terminal in Buenos Aires and across the country capable of handling these massive ships, enhancing the competitiveness of Argent
MPA Singapore evaluates strategies to expand LNG bunkering capabilities The Maritime and Port Authority of Singapore (MPA) has launched an Expression of Interest (EOI) to explore scalable solutions for sea-based liquefied natural gas (LNG) reloading to complement the existing onshore LNG bunkering storage and jetty capacities and the supply of e/bio-methane as marine fuel in the Port of Singapore. LNG bunkering in Singapore has grown from 16,000 tonnes delivered in 2
ZEPA celebrates first anniversary with pivotal reports advancing port decarbonization efforts The Zero Emission Port Alliance (ZEPA), established in 2023 to accelerate the adoption of Battery-Electric Container Handling Equipment (BE-CHE), marks its first anniversary with the release of three significant reports. These reports provide valuable insights into the rising demand for BE-CHE, propose voluntary design standards to enhance equipment interoperability and outline strategies to impr
Vessel deliveries set to outpace growth in new year Deliveries of new ships will double the excess capacity after Red Sea diversions have absorbed the vast swathe of new tonnage delivered this year, following the Houthi's attacks on shipping passing close to its coasts. 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 .
US-Asia container trade on a record-breaking track The container imports of the United States from 10 major Asian economies reached 1.72 million TEUs in November, marking a year-on-year increase of 15.3% and setting a new November record, according to data from Descartes Datamyne based on US Customs and Border Protection (CBP) statistics. However, compared to October, import volumes declined by 6.6%. For the first 11 months of 2023, imports total
Port of Ashdod unveils maritime technology hub On 11 December, the Ashdod Port Company launched its maritime technology hub, specializing in supply chain advancements. Supported by Israel's Ministry of Foreign Affairs, the inauguration event hosted economic attachés from over 40 countries, including the United States, France, Japan, China, and India, to showcase innovative startups operating at the port. The government has authorized investme
Fleet Growth and Market Shifts in Global Shipping 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 .
Pakistan to build first major commercial ship after 40 years The Karachi Shipyard will build Pakistan's first major commercial ship after four decades, according to local media. The 1,100 TEU Container Ship Project, which was on hold for nine months, has been revived by the Special Investment Facilitation Council (SIFC), a hybrid civil-military government body formed in 2023 to facilitate foreign investment in Pakistan's key economic sectors. The cargo shi
CMA CGM-led consortium to operate and develop Lyon Port A consortium, led by CMA CGM (67%), along with Banque des Territoires (23%), CCI Lyon Métropole Saint-Etienne Roanne (4%), and CCI Métropolitaine Aix-Marseille-Provence (4%), has been chosen by the CNR (Compagnie Nationale du Rhône) for a 30-year sub-concession to operate and develop the container terminal at Lyon Edouard Herriot Port. The project aims to develop river and rail traffic along the
Kosmos Energy confirms takeover talks with Tullow Oil US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after media reports speculated on the possibility of the deal happening. Kosmos said in its statement that no official offer has been ...
Ineos buys CNOOC's US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos' production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company in the USA, in the ...
Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE China's Fuzhou Wuyang Refined Oil Trading has contracted for two LNG bunker vessel newbuilds at compatriot Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The deal, with an undisclosed price tag, covers one firm 12,000 cu m LNG dual-fuel vessel for delivery in 2027 and one optional newbuild. Fuzhou Wuyang is currently listed with three ...
Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute Singapore OSV owner and operator Vallianz is facing a legal challenge in a vessel charter dispute with Hilong Marine Engineering. The company said in a stock exchange filing that its subsidiary, Vallianz Offshore Marine, has been served with a counterclaim of $8.1m from the subsidiary of Hong Kong-listed Hilong Holding over alleged deficiencies in the ...
Wintershall extends Glomar offshore support vessels deal Dutch offshore support vessel player Glomar has secured an extension of its vessel framework agreement with Wintershall Noordzee. The Den Helder-headquartered owner and operator has been providing safety standby vessels for Wintershall in the Dutch and UK sectors for many years. The operator has nine offshore production installations and 4 subsea completions, producing gas from ...
China stretches lead over Greece as world's largest shipowning nation China is building a commanding lead over Greece as the world's largest shipowning nation, its lead now stretching to close to 30m gt, according to the latest data from Clarksons Research. It was in August last year that China surpassed Greece as the nation with world's largest merchant fleet in gross tonnage (gt) terms, and ...
Morgan Stanley sells Höegh Evi stake Norway's Höegh Evi is getting a new shareholder. Morgan Stanley Investment Management has sold its 50% stake in Larus Holding, the owner of the floating regasification specialist formerly known as Höegh LNG to funds managed by Igneo Infrastructure Partners. Financial terms of the transaction expected to close in the first half of 2025 have not ...
FSL offloads its oldest product tanker First Ship Leasing Trust (FSL) is selling its oldest vessel. The Singapore-listed product tanker owner said in a filing it had struck a deal with an undisclosed buyer for the 2004-built Cumbrian Fisher. The price was not disclosed, but FSL said it had received the initial 10% deposit in escrow for the 12,900 dwt vessel, ...
Ship order volumes hit highs not experienced since 2007 It has been a banner year for shipyards, with the volume of orders contracted at highs not experienced since 2007, and prices in nominal terms at close to record levels. The latest data from Clarksons Research shows newbuild contracting in the year to date stands at 62.6m cgt worth $190.2bn, recently surpassing the volume ordered ...
Indian port strike averted The Indian government has met dockworker demands and managed to avert a nationwide strike at its ports, which was scheduled to start tomorrow. Government and unions shook hands on a revised wage agreement and a productivity-linked reward scheme, avoiding a strike that would have hit 12 ports on both coasts of the the world's most ...
CMA CGM set to transform Lyon port The port of Lyon, along the river Rhône, is set for transformation as CMA CGM has been awarded a 30-year concession to operate two container terminals. Marseille-headquartered CMA CGM will invest €40m ($42m) to connect Lyon to Fos-sur-Mer on the Mediterranean, aiming to double the volumes of freight arriving by container on the Rhône by ...
Pakistan to build first commercial ship since the 1980s Amid boom times for many Asian shipbuilding nations, Pakistan has announced it will press ahead with its first commercial newbuild project since the 1980s. Karachi Shipyard will build a 1,100 teu containership for Pakistan National Shipping Corporation (PNSC) for a bargain price of $24.75m. The Pakistani navy will also be involved in the newbuild project. ...
Storms take out three Russian ships in a day Stormy seas saw three ships run into difficulty in around Russia's Kerch Strait yesterday. The Volgoneft-212, built in 1969, carrying some 4,300 tonnes of fuel oil, broke in half, while another elderly Russian coastal product tanker, Volgoneft-239, built in 1973, ran aground. One seafarer was reported dead from the tanker accidents with local authorities revealing ...
US seizes $12m linked with sanctioned petrochemical trader The US has seized $12m connected with Triliance Petrochemical, a US-sanctioned trader and a 'well-known Iranian front company supporting the...
Commodity shipping rates sink to new 2024 lows in 'winter of discontent' Different sectors are down for different reasons, but when so much of the bulk commodity shipping universe is having a...
Castor Maritime agrees to acquire MPC Capital Deal is being funded with $150m in loans and share proceeds from Castor spin-off Toro Corp
Nuclear shipping will face significant challenges New, smaller reactor designs are much hyped. But ships would still have to figure out how to fit them, what...
Danish shipbroker turns away new business amid 'red flags' MB Shipbrokers bucked the shipbroking consolidation trend and is thriving 12 months after an employee and management buyout
Rogue flag claims Beverley Hills address for St Maarten registry St Maarten joins Eswatini, Guyana and Guinea in having companies that are falsely claiming to provide flag registration services
More bulkers and reefers head for recycling A handymax and a panamax bulk carrier have both been sold for scrap while a 1990-built reefer vessel has arrived...
LPG largely shuns the Bab el Mandeb - aside from Houthi imports Analysis of vessel tracking and cargo data shows how the waters terrorised by the Houthis have largely been avoided by...
The week in newbuildings: More boxships and bulkers Newbuilding contracts for eight bulk carriers, 10 containerships and four suezmax tankers recorded in past week
The Lloyd's List Outlook for 2025 and beyond Lloyd's List editor-in-chief Richard Meade brings you highlights from the Outlook Forum held in London, where a panel of experts...
South Korea's focus on building high-value ships comes at cost of market share to China Despite major builders' strong business performance driven by a focus on high-value vessels, South Korea's share of new shipbuilding orders...
EU blacklists a further 52 ships in latest sanctions crackdown EU's 15th package of sanctions confirms largest listing of vessels found to be engaged in high-risk shipping practices when transporting...
Russian inland waterways tanker pair sink in Kerch Strait in bad weather Both ships broke in two during heavy weather in the vicinity of the Taman Anchorage in the Kerch Strait. Neither...
The Daily View: Through a glass darkly Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Iran oil exports to China snarled by US sanctions on tankers Delays in Iranian shipments are expected to be temporary. But the industry is closely watching the stance Trump's administration will...
Daily Briefing Ten trends that will shape the shipping industry in 2025 and beyond | Containers: Trump tariffs, strike potential and alliance...
Car carriers set for 2025 comedown from record year Slow vehicle sales, easing charter rates and surplus fleet growth are set to ease the intensity of the ro/ro sector.
Lunar cargo rush, poor weather clog major Asia ports Severe weather and a rush of cargo before Lunar New Year celebrations slow Asian factory production are clogging major ports from Toyko to Shanghai.
Carriers roll out new fuel surcharges as EU emissions rules tighten Customer advisories from Maersk, CMA CGM and Hapag-Lloyd show the carriers plan to "simplify the process" by merging compliance with the EU ETS and FuelEU regulations into one fuel surcharge.
Mercosur trade deal offers Europe-Latin America backhaul boost Forwarders and shippers expect a pending trade agreement with the European Union to boost South American imports from the continent as soon as late 2025.
Air cargo payment provider acquires Advent eModal Advent eModal, a three-decade landmark provider of fee collection and appointment scheduling at container terminals, has been sold by private equity group Blackstone to air cargo software specialist CargoSprint.
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
US sanctions traders for shipping Russian oil to North Korea Washington joins coalition of nations in condemning Moscow and Pyongyang cooperation in Ukraine
Finland confirms plans to order new icebreaker after pact with US and Canada International alliance strengthens shipbuilding ties between the countries
Diana Shipping panamax charter points to further bulker freight rate declines US-listed shipowner discloses one of its lowest-earning contracts in several years
Wartsila to sell off automation and navigation business to Swedish investment firm Finnish engineering firm offloads ANCS business to Solix for undisclosed sum
Charterers hold back in deathly quiet tanker market as rate weakness prompts caution Brokers believe deals on the table now will still be there after Christmas
VLGC spot rates surge as fixture flurry eats into festive tonnage list Analysts and brokers say improved earnings levels could be supported for weeks by tonnage tightness
Russia's laden shadow LNG ships idle on with fresh names and class changes Vessels begin openly switching to Russian classification as flag states remain blurry
'Bears beginning to roar' for car carriers despite stronger signals Car carrier stocks are down but there remains enough good news to outweigh the bad, Veson Nautical says
After buying spree, Torm flips script with vintage tanker sale Danish company sells third ship this year after beefing up fleet through 2024
George Procopiou's Sea Traders exits container shipping with a profitable sale of final ship Deal marks successful end of a rollercoaster ride in box markets for Greek owner
Taylor Maritime to change name and expand board as part of listing rejig London-listed bulker owner will switch from investment fund category to become commercial shipping company
US threatens new shadow fleet sanctions in final days of Joe Biden administration Treasury Secretary Janet Yellen said lowering the oil price cap remained under consideration
EU blacklists 52 ships in largest Russian sanctions crackdown Bloc says the measures are designed to target the circumvention of sanctions and to weaken Moscow's military
VLCC rates sink to new 2024 low as analysts say investors too pessimistic on stock prices Eco tankers earn $26,000 per day, with three-year time charters paying $43,000
Cyprus FSRU finally leaves yard and looks set for interim deployment Country's president says discussions ongoing with 'specific state' to take unit
Investor Arne Fredly exits Hunter Group for second time TradeWinds is told minority position in Norwegian VLCC operator has been sold
Owner and investor Arne Fredly exits Hunter Group for second time TradeWinds is told minority position in Norwegian VLCC operator has been sold
Bidders turn their backs on cargo vessel sell-off by Ukrainian state shipowner No bidders come forward for old and largely disused vessels
A 'year to remember' as secondhand sales near 2,000 ships worth $45bn, Clarksons says Researcher Trevor Crowe says owners have taken advantage of high prices to progress fleet renewal
Pakistan shipyard to build country's first cargo ship for more than 40 years Karachi Shipyard is to construct a feeder vessel for the country's national shipowner
Greece calls on merchant ships to save lives as migrant crossings surge The country calls in 20 commercial ships to help lift dozens of struggling Syrians, Egyptians and Sudanese from boats
Wallenius Wilhelmsen guides to stronger profit in 2025 Contract renewals provide cushion from outside factors, company says
Veteran VLCC quits storage sector to take first Iraqi Qaiyarah crude to China The US has also imported its first cargo of the oil
How Lidl's 'Mr Fixit' won the backing of Germany's richest man to launch a shipping line Christian Stangl opens up on how Tailwind Shipping Lines saved Christmas
Supramax bulker hit by Houthi missile in deadly March attack sold for recycling True confidence is one of two bulk carriers to appear on demolition lists this week
Singapore's FSL Trust sells small chemical tanker coming off charter Cumbrian Fisher sale likely to be followed by sale of sistership also ending charter to UK company James Fisher
Greek bulker hit by Houthi missile in deadly March attack sold for recycling True confidence is one of two bulk carriers to appear on demolition lists this week
Fitch upgrades container shipping outlook - but not because of containers Credit evaluator Fitch Ratings is changing its outlook for global container shipping in a move that could make it easier for vessel operators to issue debt or borrow money.
Trump again backs longshore union as possible port strike nears President-elect Donald Trump over the weekend again backed union dockworkers in their fight to block automation technology at East and Gulf Coast container ports.
Growth in air cargo demand to decelerate in 2025, IATA says Air cargo demand is projected to slow to 6% next year, bolstered by positive economic supply chain and economic trends against a backdrop of rising geopolitical uncertainty.
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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