Damen brings W&O on board F126 frigate program W&O Supply, one of the largest suppliers of valves, actuated valves, piping systems, and speciality products to the marine market, reports that W&O Europe has reached a framework agreement with Damen Naval
Top Women in Maritime 2024 winners announced Marine Log recently announced the winners of its Top Women in Maritime Award, which recognizes the achievements and leadership of outstanding women who have made a significant impact in the maritime sector.
VIDEO: Australia to expand naval shipbuilding capabilities at Henderson shipyard The Australian Government is to establish a consolidated Commonwealth-owned Defence Precinct at Western Australia's Henderson shipyard, calling the project "the critical next step in delivering continuous naval shipbuilding in Western Australia." It
Hong Kong establishes strategic development Board to reclaim lost shipping ground Hong Kong is launching a pivotal Maritime and Port Development Board, an industry-led council aimed at bolstering the city's stature as a global shipping hub. This strategic move will replace the existing Hong Kong Maritime and Port Board formed in 2016 and serve as a high-level advisory body to guide government policies and long-term maritime strategies. This content is locked Select a CN Premiu
WaveBL completes network connectivity POV with Swift, global banks, and eBL issuer MSC WaveBL, a blockchain-based electronic Bill of Lading (eBL) platform, has completed a Proof of Value (POV) with Swift and the participation of five global banks: Lloyds, Emirates NBD Bank, Federal Bank Limited, and other banks, as well as MSC, a leading ocean carrier acting as an eBL issuer on WaveBL. This POV marked a significant milestone by demonstrating the efficient transfer of structured ele
Last Chance for Early Bird Access to CN Premium Time is running out to take advantage of the 30% Early Bird Discount for Container News Premium -an exclusive offer available only until October 20 . This is your final chance to subscribe at a reduced rate and unlock the full benefits of one of the industry's most comprehensive resources for container shipping and logistics professionals. Container News Premium is designed to give you a competit
Ukraine focussed on upholding recovering shipping operations amid heightened Russian attacks In the past month, for the first time this year, Russia has escalated its military strategy to include targeting shipping and port infrastructure, prompting Ukraine to seek international intervention. Ukrainian authorities have appealed to the United Nations, specifically requesting that the International Maritime Organization (IMO) dispatch a monitoring mission to assess the situation. This cont
ONE strengthens China - US service Singapore-based box carrier Ocean Network Express (ONE) will enhance its East Coast 2 (EC2) service, following the recent announcement regarding the company's 2025 East-West product offerings. ONE noted Florida's Jacksonville port will now be included in the service rotation. EC2 (East Coast 2) service rotation: Xiamen (China) - Yantian (China) - Ningbo (China) - Shanghai (China) - Pusan (South K
NWSA nears 2.5 million TEUs in first nine months of 2024 The Northwest Seaport Alliance (NWSA) said its September full international imports reached the highest level since the pandemic period, marking seven straight months of growth. NWSA's volumes increased by 9.9%, compared to August, and 0.9% compared to September 2023, while full international exports decreased by 7.4% and total international volumes increased by 0.6% compared with September 2023.
Greek vessel owners take US$18 billion gas gamble Greek ship owners have spent an unprecedented US$18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes, according to new research by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical. A new report "Greek Speculative S&P Investments" state
Harim Group chairman doesn't back down from HMM acquisition plans Harim Group chairman Kim Hong-kuk said at a press event on 16 October that his company would consider bidding for HMM again if another attempt is made to sell the South Korean flagship carrier. The poultry processing group, which had acquired South Korea's largest dry bulk shipping business Pan Ocean in 2015, was named the preferred bidder for HMM at an initial sales attempt last December. Howeve
How Global Port Cities Drive Trade and Economic Growth The global hub or nodal port cities are critical to the smooth functioning of global shipping networks and are also becoming competitive powerhouses in the expansive arena of the shipping market. Currently, over half of the world's richest cities are port cities, a pattern expected to continue under various future projections. These port cities boast advanced infrastructural capabilities and stra
Yang Ming announces two new services in Europe/Med region Taiwanese container carrier Yang Ming has announced the launch of two new services aiming to strengthen its network in Europe and the Mediterranean region. Starting in January 2025, Yang Ming will commence North Europe-Aegean Express (NEA) and North Europe-Levant Express (NEL) services, providing a more comprehensive and faster service network to meet the growing market demand in Europe. NEA serv
MSC increases PSS from West Med, Adriatic and Israel to US, Bahamas, Puerto Rico, Canada and Mexico MSC has announced an increase in the Peak Season Surcharge (PSS) from the West Mediterranean, Adriatic and Israel to the United States, Bahamas, Puerto Rico, Canada and Mexico. Effective from 9 November, the PSS from West Med and Adriatic will be US$1,100/TEU and US$2,200/FEU for all equipment types, while from Israel, the PSS will be US$750/TEU and US$1,500/FEU. If you liked this post, please co
Sea-Intelligence reports significant deterioration in trade imbalances In its latest analysis, Danish maritime data analysis firm Sea-Intelligence dives into developments in trade imbalances and back-haul utilisation in the post-Covid period. Pre-Covid, the back-haul vessel utilisation was hovering around the 50% mark but has been declining since then and dropped below 40% in August 2024 for the first time, according to Sea-Intelligence data. The analysts note they
Port of Long Beach reports record box volumes Increased demand for holiday-related goods nudged the Port of Long Beach (POLB) to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for seaports on the East and Gulf coasts, which resulted in a three-day strike at the start of October. POLB's dockworkers and terminal operators moved 829,499 TEUs in September, up just 7
Hengli Heavy in Shanghai listing move Chinese shipyard Hengli Heavy Industries is set to go public via a major asset restructuring with Hengli Group-controlled ceramic products manufacturer Songfa Ceramics. Hengli Group's shipbuilding business will indirectly enter the capital market via a deal that resembles a reverse takeover, also sometimes referred to as a backdoor listing, through an asset swap and share ...
Transocean scoops $193m drillship contract in US Gulf Swiss-based offshore drilling giant Transocean has secured a one-year contract with an undisclosed operator in the US Gulf of Mexico for its ultra-deepwater drillship Deepwater Conqueror. The New York-listed operator of 34 floaters said the rig has been fixed from October 2025 for about $193m, including additional services. The 2016-built unit is currently operating for ...
Vale signs up one more valemax for rotor sails Japanese owner NS United Kaiun Kaisha and Brazilian mining giant Vale International have agreed to install rotor sails manufactured by Anemoi Marine Technologies on a 400,000 dwt valemax. The sails were installed on the NSU Tubarao, which has been engaged in a long-term transportation contract between NS United and Vale since its delivery in September ...
Bahri clinches $756m financing for Marinakis VLCCs deal Saudi Arabia's flagship line Bahri has secured $756m to partially finance nine very large crude carriers it agreed to buy from Evangelos Marinakis-controlled Capital Maritime & Trading earlier this year. The Riyadh-based company has penned a murabaha financing deal with Alinma Bank. Bahri is paying about $1bn in total for the scrubber-fitted ships delivering by ...
Hong Kong Maritime and Port Development Board given greater powers Hong Kong is setting up an industry-led Maritime and Port Development Board to assist the government in putting forward policies and long-term development strategies as the city takes a multipronged approach to consolidate its status as an international shipping centre. The Hong Kong Maritime and Port Development Board, which will replace the existing Hong Kong ...
d'Amico exercises option to buy another product tanker at a discount Milan-listed product tanker owner and operator d'Amico International Shipping (DIS) has exercised its purchase option on an MR product tanker currently under charter with the company. The Carlos di Mottola-led firm bought the 2018-built, 49,999 dwt medium-range product tanker High Leader for a consideration of approximately $34.3m. The vessel, built by the Japan Marine United Corporation, ...
Diana Shipping charters out panamax to Raffles Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Raffles Shipping International for one of its panamax vessels. Raffles Shipping hired the 2010-built, 75,700 dwt bulker Selina. The gross charter rate is $10,500 per day, minus a 5% commission paid to third parties, for a period until a minimum ...
Nuclear power for shipping pioneer CORE POWER swells funding to $500m Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry. CORE POWER is building the world's first maritime civil nuclear program in the Organisation for Economic Co-operation and Development (OECD), which ...
Philippines confirm commerciality for three offshore wind projects The Department of Energy of the Philippines has awarded certificates of confirmation of commerciality to three offshore wind projects with a combined target capacity of 1.65GW. The projects are being developed by a consortium of Triconti Windkraft Group, Sea Wind Holdings, and Stream Invest Holding. The trio has decided to put the projects into the ...
George Economou seeks to delay Seanergy boardroom vote George Economou has moved to delay the upcoming annual shareholders meeting at US-listed Greek capesize bulker specialist Seanergy Maritime. The Greek shipping magnate, who, via his affiliated investment vehicle, owns about 9% of Seanergy, launched a proxy fight in June, naming John Liveris and Georgios Kokkodis as his board picks just a few months after ...
Titan Wind Energy to build FSO for Singapore energy player Chinese wind power equipment maker Titan Wind Energy has secured a deal worth $45m to build a floating storage and offloading (FSO) vessel. According to a stock exchange filing, a subsidiary of Titan Wind, Nantong Changfeng New Energy Equipment Technology, will build the vessel for OceanSTAR Marine and Offshore Investment, a Singaporean energy project contractor. ...
American stealth bombers pound Houthi weapons caches US Central Command (CENTCOM) forces conducted multiple airstrikes on numerous Houthi weapons storage facilities in Yemen early this morning in a bid to degrade the militant group's capability to continue what was described as their "reckless and unlawful" attacks on international commercial shipping in the region. CENTCOM forces, including stealth bombers, targeted the Houthi's hardened ...
Ukraine reaches out to the IMO as Russian attacks intensify With Russia targeting shipping and port infrastructure over the past month for the first time this year, Ukrainian authorities are seeking help from the United Nations, asking the International Maritime Organization to send a monitoring mission. Splash has reported on four international merchant ships coming under attack over the past five weeks, the first confirmed ...
Russia claims to be developing nuclear-powered submarines to deliver Arctic LNG to Asia Russia is pressing ahead with a whole new form of gas transport, unveiling designs for nuclear-powered submarines to ferry LNG from the Arctic to Asia. The Kurchatov Institute, Russia's leading research and development institution in the field of nuclear energy, is working with energy giant Gazprom to build the underwater gas carriers, with delegates attending ...
Greek owners make $18bn gas gamble Greek shipowners have spent what analysts at VesselsValue describe as an "unprecedented" $18bn on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes. Data from VesselsValue shows Greek owners have spent $13.8bn on 59 LNG carriers since 2021, as well as around $4bn on 41 ...
INTERCARGO asks RightShip to rethink new age limit for bulk carrier vetting inspections Members of INTERCARGO, a global dry bulk shipping association, have voiced their concerns regarding ship vetting platform RightShip's decision this week to reduce the age limit of bulk carriers eligible for vetting inspections from 14 to 10 years. INTERCARGO said it was disappointed RightShip had not consulted with the organisation prior to announcing the age ...
AHTS newbuild prices double in the space of just three years A new report from VesselsValue shows the remarkable leap in offshore newbuild prices with some asset classes nearly doubling in the space of just three years. Offshore values for five-year-old, large anchor handling tug supply (AHTS) vessels have spiked by 97% since 2021, according to data from VesselsValue. Platform supply vessels (PSVs) have spiked by ...
WinGD introduces LPG pre-fit option for operators looking at the ammonia trades Swiss marine power company WinGD has introduced an option for its X-DF-A ammonia-fuelled engines to be delivered capable of running on liquified petroleum gas (LPG). Chinese-controlled WinGD said the pre-fit solution will be of particular interest to vessels under construction for the anticipated global trade in ammonia, which will also be capable of transporting LPG. ...
Shipping splits into 'parallel universes' as global trade continues to decouple The Russia-Ukraine war, the Houthi attacks in the Red Sea, the extreme tensions between the US and China - it...
Ofac announces more Houthi sanctions hours after US bombs militants' weapon sites The US has announced a fresh round of sanctions targeting shipping networks linked with designated Houthi financier Sa'id al-Jamal. The...
Daily Briefing UK to check 'shadow fleet' tankers for 'suspect, dubious' insurance during English Channel transits | Biggest set of sanctions to...
Two fixed-premium insurers behind Iran-trading sanctioned tankers The rise of fixed premium providers with unknown financial status and backing highlights flag registries' absence of due diligence into...
UK to check 'shadow fleet' tankers for 'suspect, dubious' insurance during English Channel transits Focus on marine insurers covering elderly and poorly maintained tankers shipping Russian oil has intensified amid concern from regulators they...
Record number of tanker sanctions fail to interrupt Iran-China trade 'US sanctions are actually having the strongest impact on the Russian market, but it seems that these vessel-specific sanctions in...
Shanghai gears up to lead green fuel bunkering service More methanol bunkering trials with Maersk's boxships are in plan
Biggest set of sanctions to date 'unleashed' by UK The latest sanctions are part of Foreign Secretary David Lammy's 'personal mission to crack down on the full spectrum of...
DP World makes Asia-Pacific pivot to ride crest of supply chain shift 'Everything we acquire, whether a logistics park, dry port or rail operation, relates to the routes we try to connect,'...
Shippers warned of further disruption wave London-based analyst Drewry warns carrier customers that a 'likely' US port strike will only add to the 'chronic situation' enveloping...
Mysterious boxes shipped from occupied Crimea unloaded in Syria The true destination of the containers is unknown, but there is a distinct possibility that the containers will travel beyond...
Norwegian Shipowners Association moves to remove Ro Marine address from its Oslo building Norway's company registry has been contacted to remove references to Ro Marine's address at the association's Oslo building because it...
Vale posts biggest iron ore production since 2018 Brazil-based Vale has registered a nearly 5% year-on-year increase in iron ore production in the nine months of 2024 so...
Verified gross mass ruling may go the other way in future cases, claimants' lawyers insist High Court 'effectively extended the duty of care, acceding to the claimant's legal argument, but made adverse findings of fact,'...
Regulations key to alternative fuels pricing, market development The use of technology and greater collaboration can help provide greater transparency, bearing in mind that the move to greener...
CMA CGM and HD Hyundai team up on ship lifecycle emissions project Move presents one of very few initiatives in the industry that integrates the shipbuilding process into the broader ambition of...
Bunker players see biofuels, LNG as best transition fuels Vitol Asia sees 2024 as the year in which customer demand for higher concentrations of biofuel has been rising
Ukraine calls for IMO monitoring as Russian attacks intensify Russian attacks on shipping in Ukrainian ports have intensified recently, with four separate attacks recorded in the space of nine...
The week in bunkers: Singapore biofuel bunker sales hit record high Upcoming environmental regulations are driving more shipping companies to secure biodiesel-blended marine fuels in Singapore, as such blends are viewed...
Intercargo concerned by RightShip inspection age change The association said bulk carrier owners were not consulted on the decision and is urging RightShip to reconsider its timeline...
MOL eyes atomic future as Japan warms to nuclear MOL president Takeshi Hashimoto says nuclear power is a necessary part of shipping's decarbonisation and he will consider further engagement...
Hengli Heavy's backdoor listing in Shanghai set to fuel shipbuilding expansion Move comes against the backdrop of a boom in the shipbuilding market, with Hengli seizing the opportunity to quickly emerge...
Ripple effects playing out globally from ILA strike: analyst Despite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the Oct. 1-3 strike, Lars Jensen told the South Carolina International Trade Conference.
STB approves CPKC, CSX acquisitions of regional rail line in southern US The Class I railroads are acquiring separate sections of a rail line in Alabama and Mississippi, allowing them to launch a new joint intermodal service between Mexico and the Southeast US.
Premier Alliance enhances network ahead of February launch The group, comprising ONE, HMM and Yang Ming, said the changes apply to two trans-Pacific services and an Asia-Mediterranean service.
Montreal says congestion risk grows as dockworkers refuse overtime The port's main container terminals are among the facilities affected by the overtime strike that Montreal's dockworkers have deployed as part of contentious contract negotiations.
Dacks breaks into MR tanker sector with order from Chinese leasing company Taiping & Sinopec Financial Leasing has ordered two product carriers backed by charter contracts from Shandong Shipping Tanker
US takes another swipe at Houthi financier with sanctions against new swathe of ships Treasury Department adds eight ships to its list of blocked assets
Navigator Gas wins 7.25% rate on $100m Nordic bond issue Remaining portion of existing notes to be redeemed at 101.6% of par value
'Relentless' decline as fixtures by commodities giants push capesize rates to 11-week low Cargill, Rio Tinto and Fortescue Metals group push rates downward on Australia-to-China iron ore trade
Frontline scores Brazil-to-China rate gain as VLCCs exit shoulder period 'relatively unscathed' Breakwave Advisors sees VLCC rates at a floor after sailing through lull between cargo programmes
US takes another swipe at Houthi financier with sanctions against another swathe of ships Treasury Department adds eight ships to its list of blocked assets
Captain Tsakos bucks trend as new Greek maritime academy opens doors and minds Building on the success of its nautical high school, Greek shipping clan shifts gears
Drama not scaring Alexander Hansson from the Nordic American Tankers trough Board vice chairman grabs 50,000 shares bringing 2024 total to 900,000
Soaring jet fuel shipments offer lift for LR2 tanker shipowners Exports on product carriers grow from the Middle East in particular as plane journeys increase
John Fredriksen adds to DOF Group stake with Oslo share purchases Tycoon strengthens his position as offshore shipowner's second- biggest shareholder
Delta Corp wins court approval to seize $31m from Dubai trader But judge's decision opens door for OQ Trading to challenge decision
More tankers set to load at Russian Black Sea port as Kazakhstan ups oil production Kpler says central Asian producer to pump 243,000 barrels per day more oil in November
Diana Shipping-backed Windward Offshore allies with Stodig to manage new CSOV fleet Seatrans-owned manager to handle four newbuildings
Clarksons: Green ammonia set to outstrip shipping fuel competitors in long term Head of green transition Kenneth Tveter says shipping could piggyback on build-out of production
UK unveils biggest ever sanctions package against Russian shadow fleet in 'mission to constrain the Kremlin' Government says it will challenge tankers with dubious insurance status that pass close to its coast
Maersk launches Ukraine service as liner giant unfazed by Russian attacks on shipping Intensifying raids on ports do not seem to reduce country's seaborne traffic
Pacific Basin Shipping supramax earnings disappoint in third quarter Owner-operator had to pay more for third-party vessels when it was unable to supply its own
Perfect storm propels tanker newbuilding orders to highest level since 2006, SSY says Head of research cites dearth of previous orders, an ageing fleet and buoyant markets due to global turmoil
More fragmented than baby-sitting: Why shipping stocks can't clear the NAV hurdle This week's Streetwise takes a look at Star Bulk's Hamish Norton and his search for answers
Evangelos Marinakis heads $18bn Greek gas gamble that 'could shape the future of global trade' Veson Nautical's Dan Nash says 'bold' investment stance could shape the future of global trade
VLGC spot rates shed 16% in a week amid fixture slowdown and sentiment pullback Middle East market hangs on Saudi Arabia while charterers bide their time in the Atlantic
Winter shocker for modern LNG carriers as rates crash into $20,000 per day range Steam turbine vessels 'out of the picture' and tri-fuels at operating expenses levels
d'Amico International Shipping hits long-term goal of buying chartered-in fleet Italian owner exercises MR option after snapping up four others in recent months - at a discount
Iran battles oil slicks spreading after leak off key export hub of Kharg Island Impact on tanker loadings is not yet known
Tanker giant Cosco Energy snaps up fleet of 16 LPG and chemical carriers from sister firms State-owned group consolidating its operations to target more international business
Russians nabbed over banned shipments of chemicals from Spain Spanish police seize 13 tonnes of chemicals at port of Barcelona
Who is Daniel Hockey? 'Fixing machine' steps into the spotlight at Affinity New brokerage head reveals company is growing a Dubai office and will build out its tanker business
Beer, chocolate and hydrogen: How Antwerp lured the Global Maritime Forum CMB.Tech's Alex Saverys aims to showcase Antwerp's green projects, Africa links and Brussels dialogue to shipping leaders in 2025
Polembros Bulkers buys first ship in four years as asset prices dip Traditional Greek owner acquires a post-panamax bulker as countrymen step up S&P activity
Nordea shipping loan book drops in third quarter as it reshuffles top management Bank names Petteri Ankila new head of large corporates & institutions
US stealth bombers take out underground Houthi weapons caches Yemeni rebel group warns of 'imminent response' to Western air strikes
A view from China: Shipping powerhouse still driving global trade forward Shanghai is a city transformed by two decades of global trade, and it's not finished yet
Rail a key to 10 million-TEU Charleston forecast Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
Coal company sues Dali shipowners for over $100M Consol Energy is suing the owner of the ship that caused the Baltimore bridge collapse that forced the company to shut down its export terminal for most of Q2.
Air cargo sector rides elongated peak season to strong finish The air cargo sector is finishing the year with a flourish as peak season demand pushes freight rates even higher.
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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