White House: Houthis to be designated as terrorists again Against the backdrop of continued Houthi attacks on merchant shipping, the White House announced today that the Iranian-backed group (formally known as Ansarallah) will be designated as a "Specially Designated Global Terrorist."
VIDEO: Novel barge lowers costs of HydoWing's tidal stream energy tech U.K.-based tidal energy developer HydroWing has designed an innovative new barge that, it says, will help drive down the cost of installation and maintenance for its patented tidal stream energy technology. HydroWing
Damen to build four new BC Ferries hybrid-electric Island class ferries Last month, the BC Ferry Commission authorized BC Ferries to procure four new hybrid-electric Island class car/passenger ferries along with associated shoreside electrical upgrades at the terminals they serve. Yesterday, BC Ferries
Chile makes history with first electric tug in Latin America Empresa Nacional del Petróleo (ENAP), a company engaged in the exploration, production and marketing of hydrocarbon products and their derivatives and SAAM, through its tugboat division SAAM Towage, have inked a service deal that will make Chile the first country in Latin America with an electric, and therefore emission-free, maritime tugboat. The new tugboat is anticipated to start operations in
DHL Express and Mytheresa forge five-year partnership Global logistics company DHL Express and Mytheresa, a major luxury e-commerce platform, have entered into a strategic five-year partnership, focussing on DHL's new GoGreen Plus service. This initiative aims to diminish carbon dioxide equivalent (CO2e) emissions by utilizing sustainable aviation fuel (SAF) instead of traditional jet fuel. Mytheresa is set to invest several million euros in GoGreen
CMA CGM revamps TYRREX 2 service, connecting Malta, Italy and Algeria CMA CGM Short Sea Lines Division announced the reshuffling of the TYRREX 2 service as from the third week of the year. The TYRREX service links Malta, Italy and Algeria. This updated weekly service, beginning from Malta on 24 January, will enable CMA CGM to maintain a more environmentally friendly maritime link between Malta, the Tyrrhenian Coast and Algeria. Furthermore, TYRREX 2 will boast a fl
SSI joins forces with OCX Consortium for 3D vessel design approval SSI, a major company in software, services, and expertise for the shipbuilding industry, has officially joined the OCX Consortium, marking a significant step toward facilitating the digital exchange of vessel design data for class approval. Established to create a universal standard for data exchange, the OCX Consortium provides vessel designers and shipyards with a shared framework for presentin
Saudi ports see increased box volumes in 2023 Saudi Ports Authority (Mawani) reported 8,443,746 TEUs in 2023, marking a singificant increase from the 7,534,307 TEUs recorded in 2022. All the Saudi ports experienced a 9% annual growth in container handling, reaching 11,380,302 TEU in 2023, compared to 10,439,620 TEU in the previous year. Mawani reported a 15.56% increase in exported containers, totalling 2,586,722 TEUs in 2023, while imported
Hanwha Ocean reopens partially after fatal blast Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) resumed operations partially on 16 January, four days after a worker was killed in a blast. The blast, on 12 January, is believed to have resulted from a gas explosion at Hanwha Ocean's rudder manufacturing plant. According to the Korean Metal Workers' Union, the incident happened around 3.19 pm local time. It is believed that while
CMA CGM to reshuffle service linking Turkey, Malta, Italy, France and Algeria CMA CGM - Short Sea Lines Division has announced the reshuffling of its TMX 2 service as from the second week of the year. The TMX 2 service connects ports in Turkey, Malta, Italy, France and Algeria. This revised weekly service (starting ex Gemlik on 12 January), on top of addressing West Med to Algeria markets, is expected to enable CMA CGM to maintain a sustainable maritime bridge between West
Maersk, Hapag-Lloyd reveal initial service network plan for Gemini The recently unveiled Gemini Cooperation between Maersk and Hapag-Lloyd has sent ripples through the shipping industry, as it is expected to cause shifts in power dynamics among container shipping alliances. The two companies have already disclosed initial details about their collaborative network, with the expectation that numerous adjustments will be made before the final version is established
ONE orders twelve 13,000 TEU methanol dual-fuel boxships Ocean Network Express (ONE) has signed ship building contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of twelve 13,000 TEU methanol dual-fuel container vessels. Each shipyard will build six vessels and are all scheduled to be delivered from 2027. The boxships will be the first methanol-dual fuel vessels in ONE's fleet. These vessels will include state of the art
Höegh Autoliners secures new shipping deal with Asian carmaker Norwegian car carrier player Höegh Autoliners has signed a new shipping contract with a major East Asian carmaker. The contract valid for shipments until the end of 2028 will see the Oslo-based company transport mainly electric vehicles from Asia to Europe. Höegh Autoliners did not provide any further details about the deal, but the company's ...
Standard Supply fleet sell-off hits a snag Shareholders at Standard Supply will have to wait a little longer to fully cash in on the company's vessels after the sale of one of the PSVs fell through. The Øystein Stray Spetalen-controlled platform supply vessel owner said the 2007-built will remain in the company's ownership due to a failed delivery following ongoing repair of ...
Ignitis and CIP grab one more Estonian offshore wind area Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) have won an auction-based tender for the development of offshore wind in the Liivi 1 sea area in Estonia. The tender took place from January 11 to January 17, 2024, and Ignitis and CIP placed the highest bid in the amount of €1.165m ($1.25m). Estonia's Consumer Protection and ...
Fratelli Cosulich fixes LNG bunker vessel to Petronas Italian owner Fratelli Cosulich has landed a charter deal with the trading arm of Malaysia's Petronas for its second LNG bunker vessel newbuild. The 8,200 cu m , built by Nantong CIMC Sinopacific Offshore and Engineering, will serve PETCO Trading Labuan Co (PTLCL) for two years. PTLCL operates in key bunker hubs with a network ...
BP's interim CEO takes on permanent role UK supermajor BP has appointed Murray Auchincloss as the chief executive officer (CEO) with immediate effect. Auchincloss was named the interim CEO in September 2023 after the previous CEO, Bernard Looney, resigned from his position for failing to fully disclose details of past personal relationships with colleagues. The newly appointed CEO will continue as a ...
Esvagt seals deal for another SOV newbuild Danish offshore shipping player Esvagt has struck a deal with fellow wind turbine maker Vestas for a new service operation vessel (SOV). The newbuild, which will be the sixth purpose-built SOV for Vestas, will work at Ecowende's Hollandse Kust West offshore wind farm in the Netherlands. Esvagt and Vestas have been cooperating since 2010 and ...
Odfjell Technology secures five-year deal with Repsol on Yme rig Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, has signed a contract with Repsol Norge for drilling services on jack-up rig. The contract services include drilling, completion, re-completion, well intervention, maintenance, engineering, and future plug and abandonment work. The contract will begin in the second quarter of 2024 and is a ...
Global liner structures up in the air as Maersk forms the Gemini Cooperation with Hapag-Lloyd The global liner alliance structures are being torn up with news today Maersk has tapped German peer Hapag-Lloyd to form a new coalition. Maersk's existing partnership with Mediterranean Shipping Co (MSC), 2M, is due to expire in a year's time and the Danish liner has been actively seeking a partner to plug capacity gaps. In ...
Red Sea exodus in full flow The Red Sea exodus is gaining traction in multiple sectors with Egypt coming to terms with the fact that it will take a very big hit in revenues generated from Suez Canal transits this year. Suez Canal transits generated $10.25bn in revenues for Egypt last year. Transit numbers were down 30% in the opening 11 ...
Captain found to be nearly four times over alcohol limit at UK port A 65-year-old captain of containership will be sentenced at Crown Court after admitting to being in charge of his ship while over the seafarers' legal limit for alcohol. Zbigniew Chowaniec, a Polish national, was arrested on January 15 after the 4,888 teu ship arrived at the Port of Felixstowe and transferred to the Martlesham Police ...
ONE makes debut methanol order Japanese containerline Ocean Network Express (ONE) has finally come clean on its next fleet expansion, confirming orders in China that have been carried by multiple broking reports in recent months. The Jeremy Nixon-led containerline is joining the methanol revolution sweeping the sector, signing for twelve 13,000 teu methanol dual-fuelled vessels. The orders are split evenly ...
UK losing over $1bn a year from wasted offshore wind power The UK is losing £1bn ($1.26bn) a year because of system constraints due to insufficient transmission capacity and the costs of curtailment could rise to £3.5bn by the time planned solutions are implemented next decade, a new report showed. Policy Exchange, a UK think tank, said in a recent report that the transmission and distribution ...
Cochin Shipyard celebrates major upgrade Indian prime minister Narendra Modi is in Kochi today for the inauguration of a 310 m long new dry dock plus a brand new ship repair facility at Cochin Shipyard. Sarbananda Sonowal, India's minister of ports, shipping and waterways, claimed: "Cochin is going to become one of the most important hubs of ship repair and ...
Hunter Group inks charter deal for one more VLCC Norway's Hunter Group has entered into a three-year back-to-back charter for a 2016-built eco-design, scrubber-fitted very large crude carrier with an undisclosed company. Delivery of the vessel from what the company described as an "internationally renowned counterparty" is expected to take place during March/April 2024. The company will charter in the VLCC at a fixed ...
Portland seeks emergency funding The troubled port of Portland has requested state funding from the Oregon legislature of $10m to cover losses. The port's Terminal 6 container facility has lost its client base in recent years and faces a projected loss of $14m this year. The port's executive director Curtis Robinhold warned in a letter to Oregon politicians: "Without ...
Tailwind takes on more tonnage to avoid Suez disruption Tailwind Shipping Lines, the containerline created two years ago by the parent of the German Lidl supermarket chain, is expanding its fleet. Alphaliner reports has chartered in a number of extra ships to make up for the disruption caused by sailing around the Cape of Good Hope during the ongoing Red Sea shipping crisis. Among ...
Will seafarers be on the agenda? Dr Carolyn Graham from Caribbean Maritime University questions what will be the priorities of the new IMO secretary-general. Although the International Maritime Organization (IMO) is a secretariat, it does contribute to the agenda setting of the industry, which I have come to observe, seems to reflect the leadership. As the new IMO secretary-general takes office, ...
TechnipFMC wins BP subsea contract in Gulf of Mexico TechnipFMC has secured a contract from BP for its Argos southwest extension project in the Mad Dog field in the Gulf of Mexico. Under the contract, worth between $75m and $250m, the New York-listed subsea giant will install pipe and an umbilical, tying back three new wells to the Argos platform. The contract also includes ...
Genco bulker hit in Gulf of Aden in third Houthi strike in as many days A Genco bulker was hit by a projectile on Wednesday, the second strike against US-owned ships this week, and the...
US redesignates Houthis as terrorist organisation The US has redesignated Yemen's Houthis as a terrorist organisation following months of Red Sea attacks by the militants
Shipping decarbonisation needs $2trn for 600m tonne green ammonia build-up Oxford University paper estimates the shipping industry requires $2trn to build green ammonia infrastructure, as ammonia's lower energy density increases production...
TEN lines up acquisition of five modern Viken tankers Tankers come with balance of multi-year charters to Total Energies
Carriers face conundrums in alliance reset Maersk and Hapag-Lloyd are recent divorcees starting anew. But Hapag-Lloyd's departure threatens to wreak havoc in the family it left...
Maersk and Hapag-Lloyd put reliability at centre of new agreement The latest shake-up of the liner alliance system will see a focus on ensuring cargoes are delivered on time. That...
Red Sea war risk rates see huge jump in wake of Yemen airstrikes Additional cost of insurance now impacting economics of taking a booking
China dominates shipbuilding output and new orders in 2023 Clarksons forecasted a strong surge of new orders in 2024, driven by fleet renewal and decarbonisation needs
K Line and NYK finally divert vehicle carriers via Cape of Good Hope While several car carrier operators started to divert ships away from the Red Sea in December, Cosco, Grimaldi, K Line...
Explosive device causes minor damage outside Zim premises in Piraeus Small blast in shipping district comes hours after Houthis claim responsibility for firing missile at Greece-owned bulker bound for Israel
ONE orders 12 dual-fuel methanol boxships in China Singapore-based carrier finalises deal, which had been rumoured for months, to complete its first dual-fuel orders. It expects methanol to...
Geopolitical risk among top supply chain concerns, says DP World survey Technology is seen as being the means to transform the efficiency and resilience of supply chains
Maersk and Hapag-Lloyd to form new alliance The impending end of the 2M alliance has marked the start of a shake-up of container shipping's alliances. A new...
Daily Briefing Shell 'suspends Red Sea transits' as charterers reassess Houthi risk | Tipping point may be 'only a few more attacks...
Red Sea crisis hitting high-growth trade route for USEC: Virginia Ports CEO The sharp decline in ships moving through the Suez Canal is tamping down activity on the busy route between Southeast Asia, the India subcontinent and the US East Coast.
2M deploys extra ships as Africa routings expected to last 'a few' months Maersk and MSC are moving ships from other trade lanes to the US East Coast as they seek to avoid delays in getting empty containers back to Asia.
Trans-Pacific carriers hit customers with higher rates, flurry of surcharges The new rate increases could be stickier than they would have normally been due to the knock-on effects of carrier disruptions linked to the militant attacks on shipping in the Red Sea, forcing carriers into longer routings around southern Africa.
Maersk, Hapag-Lloyd launch new 'Gemini Cooperation' partnership Hapag-Lloyd will exit THE Alliance in early 2025 to join Maersk in a "hub-and-spoke" approach aimed at providing what the new partners say is vastly improved reliability and network coverage.
ONE jumps on methanol fuel trend with order for 12 new vessels The new vessels will be added to a soaring methanol orderbook that last year overtook liquefied natural gas as the alternative fuel of choice to power ship engines.
National last-mile carriers ratcheting up focus on B2B volumes FedEx and UPS will still play a role in residential deliveries, depending on the profitability of those volumes.
Red Sea attacks reset gameplan for container shipping in 2024 How the security situation plays out is somewhat beside the point because the disruption it has already set in motion, which instantly recalculates the prior supply-demand balance, will take months to unwind, writes Peter Tirschwell.
Genco bulker reportedly hit by Houthi drone in Gulf of Aden as US ups pressure Supramax bulker owned by New York shipowner identified as target of latest attack
Vessel hit by Houthi drone as US ramps up pressure Marshall Islands-flag bulker sees drone 'fly over' but identity of attacked ship unknown
US puts Houthis back on terror list after latest ship attacks Move comes three years after terrorism designation was removed for Ansar Allah
Clyde & Co fine is a 'wake-up call' for law firms over dirty money Law firm fined for the second time in seven years after admitting scrutiny shortfalls
Robert Bugbee takes $32m off the table as Scorpio Tankers shares surge With his stock on a bull run, shipowner's president has cashed in less than half of his stock
Hapag-Lloyd on Maersk cooperation: One partner is better than three Chief executive Habben Jansen explains why the German line is turning its back on THE Alliance
US decides to put Houthis back on list of terrorist groups after latest attacks on ships Move comes three years after terrorism designation was removed for Ansar Allah
Continued Red Sea LNG diversions will 'significantly increase' ship demand No LNG carriers are currently using the Suez Canal route, Fearnleys says as it highlights canals double-trouble
Washington's highest-profile advocate for decarbonising shipping heads for exit Shift to the campaign trail may send a message about Trump's risk to climate progress
Hoegh Autoliners signs four-year deal with Asian carmaker Agreement made with unnamed 'prestigious world-leading car producer'
Qatari LNG carriers desert Red Sea danger zone as brokers flag potential tonne-mile impact Series of ships holding positions outside the attack-prone waters
Greek shipowner wins ransom legal fight in key ruling for Red Sea crisis New Somali piracy attacks dash hopes of end to high-profile ransom legal battles
Shipping faces $2trn bill to decarbonise with green ammonia Oxford University researchers examine infrastructure needs if shipping switches to green ammonia by 2050
Liner alliances face 'seismic shift' as Maersk and Hapag tie the knot Move does not reflect a change in strategy but a next step, says Hapag boss
Laden Qatari LNG carrier trio reroute via Cape to bypass Middle East danger zone QatarEnergy-chartered vessels resume trading after pausing to assess routing risks
Indiana Jones damaged at UK terminal where ships spend time 'safely aground' German operator NautiCore questions suitability of NAABSA (not always afloat but safely aground) berth
Esvagt to stretch lead as biggest owner of contract-backed SOVs Danish owner begins work on new vessel design for Vestas contract in the Netherlands
Maersk and Hapag unveil new alliance in latest liner shake-up 'Gemini Cooperation' will begin in 2025 and replaces the 2M alliance
Bomb hits Greek office of Israeli shipping company Zim Pre-dawn gas canister blast outside office block in apparent protest against Gaza offensive
Tsakos tied to big-ticket tanker deal with modern Viken Shipping quintet Greek company estimated to be spending nearly $400m on modern aframaxes, LR2s and suezmax
Angelicoussis' Maran Tankers poised to splash $390m on shuttle tanker debut Greek owner set to order DP2 tanker trio against long-term Petrobras charters
Twin Houthi attack sparks tanker exodus from Red Sea trouble zone Shipping is being priced out of the Red Sea, warns intel firm Windward
Shipping is being priced out of the Red Sea, warns Windward Analyst says latest hits on shipping have already had a dramatic impact on trade
Tufton Oceanic eyes fleet sale and fresh low-carbon shipping investments London-listed fund may be dissolved and succeeded by a new entity starting in 2028
Product tankers trade longer as scrapping level hits 'lowest since records began' But more ships should be headed to the breakers in 2025, says Bimco
Drunk MSC master arrested after being found nearly four times over alcohol limit Pole Zbigniew Chowaniec admits drink driving offence at port of Felixstowe
German shipowner Harren Group plots tanker buys after profitable sale Trafigura rumoured to be the buyer of Harren product tanker as German group looks to reinvest gains in wet segment
Banking giant Morgan Stanley slapped with huge fine over Star Bulk share trade leak Banker leaked planned sale of Star Bulk shares by Oaktree in 2021
Fratelli Cosulich confirms Petronas charter on second LNG bunker vessel Newbuilding expected to operate in Malacca Strait region as LNG fuel demand grows
Russian shipowner Sovcomflot mulls Red Sea divert as tensions mount At least two tankers hauling Russian oil have been mistakenly targeted by Iran-backed group
Japan's San-E Maritime down to one ship as supramax bulker is sold Sale of Queen Kobe to Indonesian interests leaves Kobe-based tonnage provider with a single vessel
Tufton Oceanic to snap up more secondhand ships before strategy pivot in 2028 Review places emphasis on fleet renewal through acquiring fuel-efficient ships
Newcomer Polaris Autoliners kicks off with double car carrier purchase UK-based car transportation startup has broken into ship ownership for the first time
Carnival closes in on $5bn order for mega cruise ship quartet at Fincantieri US giant tipped to sign up for four 200,000-gt vessels
Liner giant ONE confirms order for 12 methanol dual-fuel container ship newbuildings Jiangnan Shipyard and Yangzijiang will each build six vessels
Norway's Knutsen seals product tanker exit in deal with Algoma Central Norwegian shipowner sells last two clean carriers for at least $26m en bloc
Desperate seafarer jumps from drugs-bust bulker after weeks of detention Crew member rescued by colleague from Panama-flag Debi in the port of Paradip
Bomb hits Greek office of Israeli shipping company Zim Pre-dawn gas canister blast outside office block in apparent protest against Gaza offensive
Arne Fredly-backed Hunter Group confirms second VLCC charter in tanker comeback Norwegian investment company to charter out on floating index-linked spot rate contract
Gone with the wind: MOL plots newbuilds with conventional fuel and sails amid zero-carbon drive Proven energy saving technologies and alternative fuels to pave way for zero-carbon emissions
Greece's expansion-hungry Bulkseas snaps up third vessel in six months Meimetis family company acquires 15-year-old kamsarmax from Piraeus peer Chronos Shipping
Japan's San-E Maritime down to one ship as supramax bulker is sold Sale of Queen Kobe to Indonesian interests leaves Kobe-based tonnage provider with a single ship
Singapore's Atlantic Navigation buys OSV funded by new loan Singapore-listed company says vessel is expected to be ready for operation in March following upgrades
MOL Drybulk turns to tech for fleet carbon cuts Proven energy saving technologies and alternative fuels to pave way for zero-carbon emissions
European cargo airline Cargolux launches aerial firefighting unit Cargolux is investing in aircraft to fight wildfires, a completely new line of business for the freighter operator.
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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