Date set for first Gulf of Maine offshore wind lease sale In what could mark a major milestone for the development of U.S. floating wind technology, the U.S. Department of the Interior has announced that it will hold an offshore wind energy lease
FERRIES 2024: Navigating shipbuilding challenges in the U.S. Shipbuilding in the United States has significantly declined over the past 75 years. According to Ted Williams, president of Senesco Marine LLC in North Kingstown, R.I., "We are now at a level
Maxie Lafleur named president of Chantier Davie Canada Canadian shipbuilder Davie today announced the appointment of Maxie Lafleur as president of Chantier Davie Canada Inc. She comes to the company with wide experience in digital transformation, growth strategies, change management,
Mystery owner orders up to 10 MPSVs at PaxOcean PaxOcean, a subsidiary of Singapore's Kuok Group, says that an undisclosed "leading Greek shipowner" has awarded it a contract to build up to 10 state-of-the-art multi-purpose service vessels (MPSVs). Designed by Salt
CMA CGM announces port charges in US East Coast and US Gulf CMA CGM has informed its customers of upcoming changes to local port charges at various US East Coast and US Gulf ports. These new charges will take effect starting 11 October 2024 and will remain in place until further notice. The new Local Port Charge at Origin (LPC01) will apply to shipments departing from the US East Coast and US Gulf to all global destinations. The charges will affect Dry, R
Sea-Intelligence examines alliance structures and MSC 2025 network strategies Gemini Cooperation, Premier Alliance and MSC have all unveiled their 2025 service networks. Ocean Alliance has yet to announce its network, but given the stability in its alliance structure, only minor changes are expected. The following figure illustrates the number of distinct port-pairs offered by each alliance (with MSC also grouped as an 'alliance' for practical reasons) on both the Asia-Nor
Marine insurance sector overview and trends in 2024 The International Union of Marine Insurance (IUMI) held its 150th annual conference in Berlin, Germany, marking a significant milestone in its history. The conference, chaired by various industry leaders including Frédéric Denèfle and Ilias Tsakiris, shed light on the evolving landscape of marine insurance amid global changes and challenges. Frédéric Denèfle, IUMI President, inaugurated the confe
AAPA announces new Executive President in Latin America The American Association of Port Authorities (AAPA) has appointed Juan Duarte as the first Latin American to serve as Executive President of AAPA in Latin America. Duarte comes to the head of AAPA Latin America after his role as CEO of DUAGA, a consultancy in the port sector in Latin America, and his active participation in the AAPA Professional Development Board in the United States, where he ha
Intra-Asia rates weaken again; Drewry launches new container index Average spot rates on most intra-Asia container trade lanes weakened again in the first two weeks of September, according to Drewry's new Intra-Asia Container Index (IACI). Drewry's new composite Intra-Asia Container Index (IACI), a weighted average of spot container freight rates, decreased 25% to US$668 per 40ft container in the past fortnight and has fallen back 35% since its recent peak of US
CMA CGM adds another 15,000 TEU vessel to its fleet French ocean carrier CMA CGM has announced the addition of CMA CGM Laguna to its fleet. The newbuilding is a 15,000 TEU container ship and the last one of a series of six sister ships of the same capacity. CMA CGM celebrated the grand naming ceremony of the LNG-powered boxship on 10 September at the Jiangnan Shipyard in Shanghai, China. "September 10th coincides with National Teachers' Day in Chi
Fin2ai Review: 5 Forex Trading Tips for Beginners [fin2a-i.com] Although trading Forex offers an exciting chance to increase your money, the procedure may appear daunting for novices. If you are just beginning with online Forex trading, you must grasp the fundamentals and approach cautiously and sensibly. Designed to provide traders with intelligent financial insights, Fin2AI is a tool that will help you to have a more seamless and practical trading experienc
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Duisburg Gateway Terminal launches operations Germany's Duisburg Gateway Terminal, the largest inland terminal in Europe, officially commenced operations on 16 September. DGT, a joint venture between Hupac Group, HTS INTERMODAAL HRM, duisport - Duisburger Hafen AG and PSA, is the first 100% climate-neutral inland facility. Strategically located at the Port of Duisburg, DGT is the first inland container terminal to operate with 100% climate-n
PSA Mumbai surpasses 200,000 TEUs in August PSA Mumbai has reached a historic milestone by handling more than 200,000 TEUs in throughput for the first time in August, making it the first terminal in Jawaharlal Nehru Port Authority (JNPA) to achieve this record. Andy Lane, Executive Director of PSA Mumbai, commented, "This milestone is a testament to the incredible teamwork and dedication of everyone at PSA Mumbai. I foresee even more miles
ICS unveils updated guide for maritime emissions issues The International Chamber of Shipping (ICS) Publications has released the second edition of "Reducing Greenhouse Gas Emissions: A Guide to International Regulatory Compliance", an updated resource designed to help ship owners, operators, and managers navigate the increasingly complex regulations surrounding maritime decarbonisation. "This updated edition comes at a critical juncture for the shipp
Port of New Orleans resumes operations after Hurricane Francine The Port of New Orleans (Port NOLA) and the New Orleans Public Belt (NOPB) have resumed all normal operations following Hurricane Francine. "Preliminary damage assessments showed no significant damage to port facilities or infrastructure," said Port NOLA in a statement. All four Port NOLA bridges on the Inner Harbor Navigation Canal (IHNC) are also back to normal operations. Additionally, the Por
Nhava Sheva grapples with capacity pressures amid strong competition Container News conducted an analysis to compare the performance metrics of Nhava Sheva port with other ports in the region or globally to contextualize its challenges and efficiency. This analysis provided a clear picture of the operational status and challenges faced by these major ports, set against the backdrop of global economic conditions that influence trade volumes and port operations. The
Kribi and Freetown ports emerge as important players in global trade In light of CMA CGM's upgraded service network between Europe and West Africa , Container News conducted an analysis to uncover the dynamics of port connectivity in the region and provide valuable insights. The Wazzan and Bijagos services, which show strong connectivity indices, are poised to boost trade flows between Europe and West Africa, particularly benefiting countries like Senegal, Maurita
Drydocks World orders new Floating Sheerleg Crane from ZPMC DP World-owned Drydocks World has signed a contract with Shanghai Zhenhua Heavy Industries (ZPMC) to acquire a next-generation 5,000-tonne Floating Sheerleg Crane, designed to meet the rising demand for large-scale offshore projects. The signing ceremony took place in Dubai, with prominent attendees including Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Captain Rado Antolovic, Ph
Container crane crashes down on MSC feeder at Yantian port On 16 September, an MSC feeder boxship, the 1,730 TEU MSC Riona, was involved in an accident at Yantian Port in southern China, resulting in part of a ship-to-shore crane collapsing onto the vessel. As a result, a number of boxes from the ship fell into the sea, according to local sources. MSC Riona was built in 1998 and was deployed on an intra-Asia service. The accident occurred around 8:40 am,
CMA CGM applies US$200 overweight surcharge from Asia to North Europe CMA CGM has announced an update to its Overweight Surcharge (OWS) for shipments from Asia to North Europe. Effective from 15 September 2024, until further notice, the surcharge applies to cargo transported from North East Asia, South East Asia, China, Hong Kong, and Macau SAR to destinations in North Europe, Scandinavia, Poland, and the Baltic region. This surcharge is specific to dry cargo loade
SeaCube Containers orders 3,000 reefers from Carrier Transicold SeaCube Containers has made a significant move by ordering 3,000 refrigerated containers equipped with Carrier Transicold's cutting-edge OptimaLINE units, marking a milestone as the first major container leasing company to adopt these highly efficient systems. "Given the evolving sustainability requirements and rising operating costs, we sought a reefer solution that offered the flexibility to ad
Red Sea effects depleted Disruption in global supply chains through the knock-on effects of the Red Sea diversions is diminishing as supply and demand becomes more balanced and the initial bunching of services, which caused port congestion, has eased significantly, according to Drewry Shipping Consultants. An early peak season in both the Asia to US and European trades saw shippers prepare for what was feared would be a
How Mobile Proxies Help Avoid IP Bans in Competitive Gaming In the fiercely competitive realm of online gaming, maintaining a seamless and uninterrupted connection is paramount. Mobile proxies emerge as vital tools in this environment, offering gamers and gaming businesses an edge by enabling stable and secure online activities. These proxies are particularly crucial when facing IP bans-a common punitive measure that can abruptly disconnect players from t
Ørsted, PGE lease Port of Gdansk terminal for offshore wind farm work PGE and Ørsted have signed a lease agreement with Polish firm Istrana to use the future T5 terminal in the Port of Gdansk for storage, pre-assembly, and offshore installation of turbine components for the Baltica 2 project. The lease will cover the period from the fourth quarter of 2026 when construction work is scheduled to ...
Emanuele Grimaldi strengthens foothold in Höegh Autoliners Italian shipping magnate Emanuele Grimaldi has lifted his shareholding in the Norwegian car carrier player Höegh Autoliners. A filing to the Oslo Stock Exchange on Tuesday revealed Grimaldi owns about 10% of the Oslo-based company, strengthening his foothold as the second-largest shareholder in the operator of some 40 vessels, after the Höegh family. The head ...
Two weeks to stave off supply chain chaos on the US east coast With just two weeks left to strike a deal the prospect of 45,000 American dockworkers downing tools come the start of next month now looks highly likely. Contract negotiations have broken down between the International Longshoremen's Association (ILA) and port operators on the US east and Gulf coasts. The current agreement, which covers workers at ...
Svitzer makes battery-methanol newbuild debut Danish towage operator Svitzer has placed an order for what it says is the world's first battery-methanol tug. The Copenhagen-based group with more than 450 vessels has contracted the Turkish shipyard Uzmar to build the unit, which will feature a 6MWh battery supported by dual-fuel methanol engines for backup and range extension. Svitzer said the ...
Oregon tribes take US authorities to court over offshore wind plans The Confederated Tribes of Coos, Lower Umpqua, and Siuslaw Indians are suing the US Bureau of Ocean Energy Management (BOEM) for giving the all-clear to two areas offshore Oregon for potential floating wind energy projects. The lawsuit, filed last Friday in U.S. District Court in Eugene against BOEM, accuses the organisation of violating two federal ...
Crane collapse at Yantian A vintage feeder boxship belonging to Mediterranean Shipping Co (MSC) was involved in an accident yesterday that resulted in part of a giant ship-to-shore crane belonging to Yantian Port in southern China come crashing down on the vessel. The 1998-built, 1,730 teu MSC Riona was on an intra-Asia service, calling at Shenzhen's Yantian port when ...
US puts Gulf of Maine offshore wind sites up for sale The US Department of the Interior announced that it would hold a lease sale on sites for offshore wind in the Gulf of Maine next month. The offshore wind energy lease sale will be held on October 29, 2024, for eight areas on the Outer Continental Shelf off Massachusetts, New Hampshire, and Maine. If fully ...
Sounion successfully towed away from Yemeni coastline Salvagers successfully towed a Greek-flagged oil tanker that had been ablaze for weeks following attacks by Yemen's Houthi rebels to a secure area, preventing any oil spill, the European Union naval mission said yesterday. The tanker was hit by multiple projectiles from the Houthis of Yemen on August 21, with the crew evacuating and the ...
India looking for bidders to develop 500MW offshore wind project The Solar Energy Corporation of India, a company established by the country's government, has issued a tender for developing a 500MW offshore wind power project off the coast of Gujarat. According to the tender, the project will enhance India's renewable energy capacity and be connected to the Inter-State Transmission System. The deadline for bid submissions ...
'We have reached the end of the globalisation process': IUMI president Opening this week's International Union of Marine Insurance (IUMI) annual conference in Berlin, president Frédéric Denèfle focused on how change was likely to impact on all lines of marine insurance business. Denèfle highlighted the recent geopolitical tensions as one of the key drivers of change. War risks, sanctions and embargoes were increasing and this was ...
Bridge alarms have increased by 197% in less than two decades Digitalisation of maritime operations has led to the number of bridge alarms increasing by 197% in less than two decades, which often creates critical alarm flooding leading to poor decision making, reveals new research from classification society Lloyd's Register. The number of alarms onboard ships must be rationalised to ensure they support officers' and watchkeepers' ...
Biden warned by 177 US trade groups on 'devastating' port strike risk There are just two weeks to go before a major US port strike, and the two sides are not even...
Listed owners turn to buybacks amid lower stock prices Share buybacks reward shareholders by reducing the amount of outstanding shares, but only make sense when the share price is...
Daily Briefing Baltimore bridge may be allocated share of fault after boxship allision, US lawyer tells IUMI | IMO states 'ready to...
IMO states 'ready to deliver' on climate, Oftedal says Sveinung Oftedal, the chair of the IMO's greenhouse gas emissions working group, said the regulator has delivered on time and...
Norway's Ro Marine investigates 'dark trading' of newly insured Iran-linked LPG carriers Ro Marine said it is sending inspectors to each vessel to check logbooks and talk to crew after it was...
Refinery turnarounds and high inventories to cap clean US Gulf-Europe handy rates Refinery maintenance season on the US Gulf Coast and ample diesel supply in Europe could keep freight rates on USG-Europe...
Liner alliance changes to herald rise in boxship charter rates, says Braemar As liner alliances begin to reshuffle, the charter market is expected to strengthen, as operators compete for the limited number...
Is there much point in talking to the Houthis? IUMI panel asked 'You email the Houthis and get the message they're not going to shoot your ship. Do you trust that message?'...
Over half of cargo owners blame box carriers for holding back digitalisation, survey finds A survey of cargo owners found 54% blamed shipowners for blocking the digital transition. Staff fearing for their jobs make...
Gard's profits climb 36% as marine premiums rise Combined ratio net has improved while gross premiums and profits increased
Wärtsilä has future fuel technology in a 'basket', now it needs orders Finnish four-stroke engine designer suggested shipowners should pool orders with competitors to justify development of alternative fuel engines
GCMD-led group successfully trials ship-to-ship ammonia transfers GCMD will use the knowledge gained from this pilot project to prepare for the next phase of its initiative to...
Shipping doing well out of disruption, Clarksons research head tells IUMI Shipping has benefitted from disruption in the past four years, says Gordon, adding outlook is positive for next 18 months
Baltimore bridge may be allocated share of fault after boxship allision, US lawyer tells IUMI Crew of Dali may take the fifth, under constitutional provision against self-incrimination
US shippers again ask White House to intervene in longshore contact talks The shippers were joined this time by a group of House Republicans, who in a separate letter warned of the "dire impacts" to the US economy from a possible port strike.
Railroads say able to handle disruption from possible ILA port strike CSX and NS might see some more West Coast cargo routed through Chicago to Michigan and Ohio if there is an East Coast port strike, but trucking is likely to be the main beneficiary for cargo owners booking true coast-to-coast hauls.
Divergent data suggests US trucking jobs lower than reported An analysis of quarterly and monthly Labor Department data puts trucking employment at 2019 levels, and that could signal a quicker change in capacity if freight increases.
Cargo and vessel disruption expected after typhoon closes Shanghai, Ningbo ports Hapag-Lloyd said in an advisory that ships were already waiting up to 60 hours to berth at Shanghai and up 48 hours to berth in Ningbo due to vessel bunching ahead of the storm.
US tariff actions stoke fears that Chinese-built ships may be next As unions seek fee of $1m per ship, Biden administration may find carveouts or other remedies
James Fisher sees tanker earnings hold firm as non-core sales keep cash rolling in London-listed group also lining up a refinancing as it turns around loss
Steelhead LNG calls on court to halt work on rival's FLNG unit in patent battle Canadian company files claim against developer and Samsung Heavy Industries in South Korean courts
Emanuele Grimaldi set for car carrier payday regardless of Hoegh Autoliners takeover play Italian owner has said car carrier shares are a financial play, and Norwegian outfit set for big dividends
Houthis target ex-Star Bulk panamax again despite new Chinese ownership Security firm says Houthi group may still be working with old shipping data
George Procopiou pumps €500m into huge seaside real estate project Development on the site of Athens' old airport has been attracting other Greek shipowners as well
Arne Blystad's Songa sheds older tonnage as fleet renewal drive rolls on Deal numbers among a growing number of feeder boxship sales
Arne Blystad offloads another container ship in ongoing fleet renewal Songa deal numbers among a growing number of feeder boxship sales
Banker Rebecca Brosnan joins Taylor Maritime board as Chris Buttery retires London-listed bulker owner also brings in HSBC veteran Gordon French as it integrates Grindrod Shipping
Thenamaris and Sea World emerge as buyers in all-Greek tanker resale deals Major players stand out in limited group of repeat product tanker buyers from Greece
Clipper Bulk sues after Italian charterer walks away from voyage over 'objectionable' odour Danish operator sues Marinter to seize cargo over fallout from fire at Houston terminal
Maritime methane abatement group releases new protocol for consultation Members aiming to standardise and certify sustainable methane practices in shipping
Theatercafeen dances to Skuld's beat as Stale Hansen leads maritime musicians Insurer's AGM hits high notes as big names take the stage as veterans sign-off in style
Refuge-seeking bulker carrying cargo with explosive power of Hiroshima bomb However, experts are playing down the risks of the ammonium nitrate on board
Smugglers busted trying to ship $270m of meth into Australia Arrests made after joint operation between Canada and Australian authorities
Bad news for tanker owners from Mexican oil 'malaise', Gibsons says UK broker notes crude shipments falling and major new refinery still not up to speed
Future-proofing: Four factors shaping the next generation of LNG carriers Larger, slower, methane-proof, and carbon-capture-ready vessels are key asks
Seapeak becomes first shipowner to join UN methane emissions monitoring programme Gas carrier company wants to enhance transparency in shipping
Red Sea transits still have strong backing from London market amid Houthi attacks Insurance conference hears rebel group has a hotline to help industry gauge threat to shipping
Astrup Fearnley launches two new shipping funds as it eyes $380m in assets under management Fearnley Asset Management recruited four portfolio managers to staff fresh ventures
Emanuele Grimaldi doubles Hoegh Autoliners stake, fuelling share spike Italian magnate cements second place behind Hoegh family outfit
Greek shipowner Constantine Logothetis builds $14.5m stake in decarbonisation venture Lomar co-founder adds to holding as trials show 15% cut in fuel usage through use of additive
Gang busted trying to smuggle $270m of meth bottles by ship into Australia Arrests made after joint operation between Canada and Australian authorities
Crackdown on Russia oil transfer hotspot extended by Greek navy Vessel drills in Laconian Bay have been disrupting ship-to-ship transfers
Svitzer claims world-first with zero-emission battery-methanol newbuilding order Danish towage group has ordered what it calls a unique ship in Turkey
Investor NRP targets $100m for new shipping fund to capture 'higher and for longer' cycle Norwegian shipping investor will launch fund in November
WiGS goes stateside with pre-Gastech Houston gathering Chart Industries chief Jill Evanko discusses often asked question: 'What's it like being a female CEO?'
German Tanker lifts MR tanker newbuilding order to six vessels Latest newbuildings involve options held at Xiamen Shipbuilding
Greek and Dutch partners add Taylor Maritime bulker to fleet as part of 'journey of growth' Hellas Confidence and Orient Shipping Rotterdam take control of open-hatch carrier
Why stop when it's just getting exciting: 'Mr FLNG' Javid Talib on a sector set for lift-off Black & Veatch engineer says keep it simple on floating LNG as he reflects on 50-year career
Dasin Shipping rejects report of seven-ship supramax bulker sale Brokers say undisclosed interests bought supramaxes in $80m deal
Partners add Taylor Maritime bulker to fleet as part of 'journey of growth' Hellas Confidence and Orient Shipping Rotterdam take control of open-hatch carrier
Report: Biden won't block dock strike A shippers' coalition on Tuesday asked the White House to help restart stalled contract negotiations and said President Biden should be prepared to intervene to prevent a strike.
DOT approves $1.9B Alaska Air, Hawaiian merger Alaska Airlines will become a major cargo airline with the integration of Hawaiian Airlines' freighter fleet that services Amazon.
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