VIDEO: Navier to launch pilot Bay Area e-boat shuttle service Foiling electric boats are getting a lot of attention worldwide as the zero-emission, high speed, water transit solution of the future. The race is on to get the first of the vessels
U.S. owned bulker Genco Picardy hit by Houthi drone Yesterday, at approximately 8:30 pm (Sanaa time) the U.S. owned bulker, the M/V Genco Picardy was hit by a Houthi drone when 60 nautical miles southeast of Aden, Yemen. Fortunately, no seafarers
PortCity to introduce transload solution on Port of Wilmington's box terminal PortCity will introduce a new transload solution at the Port of Wilmington's Container Terminal. This new transload operation will be adjacent to the port's container berths and neo-panamax cranes. "By eliminating the off-port dray, this new on-terminal offering will increase efficiency and reduce the overall transportation expense for customers," said Eric Howell, PortCity CEO. "This expansion w
Maersk strengthens its cold chain logistics network with new facility in India A.P. Moller-Maersk broke ground for its upcoming Cold Store facility at Mehsana, Gujarat, in the western part of India. Being built exclusively for HyFun Foods, the brand-new facility will offer temperature-controlled storage solutions for perishable frozen processed food items. Frozen food items need high quality, unbroken cold chain logistics solutions to preserve their integrity, according to
Port of Los Angeles to handle 85,000 metric tons of Chilean fruit imports during winter season This week, the Port of Los Angeles welcomed the initial vessel of Chilean fruit for the year, carrying over 5,300 pallets loaded with grapes and stone fruit. Distinguishing itself as the only US West Coast port equipped to receive specialized refrigerated cargo ships transporting palletized fruit from the South American agricultural hub, the Port plays a crucial role in facilitating this unique t
Hapag-Lloyd's departure shakes-up THE Alliance Shipping pundits are expecting liner alliances to be redrawn, after Maersk Line and Hapag-Lloyd announced on 17 January that they will form Gemini Cooperation in February 2025. Maersk Line's tie-up with Hapag-Lloyd coincides with the ending of the Danish giant's 2M alliance with MSC in January 2025. Thereafter, Hapag-Lloyd will leave THE Alliance, which also comprises HMM, Ocean Network Express (
Carrix integrates Ceres Terminals into SSA Marine brand Carrix, a major terminal operator in United States and Americas, has officially revealed the rebranding of Ceres Terminals as SSA Marine. "Adding Ceres' extensive operations and tremendous employees to the SSA Marine family brings new efficiencies to bear for our marine terminal operations in North America," stated Uffe Ostergaard, CEO of Carrix, mother company of SSA Marine. This announcement co
Wan Hai offers limited-time carbon offset route service Wan Hai Lines actively completes its corporate sustainability commitments by participating in the inaugural offerings of the Taiwan Carbon Exchange. The company has secured 2,000 tons of Gold Standard-certified carbon credits, extending support to water and economic development initiatives in developing nations. Complementing this, Wan Hai provides carbon offsets for its Japan-Taiwan route, encou
Los Angeles maintains dominance in US despite container decline In the last month of the previous year, the Port of Los Angeles demonstrated robust performance by processing 747,335 TEUs, marking a 2.5% increase compared to December 2022. This positive trend extended for the fifth consecutive month, showcasing consistent year-over-year gains. Although the total volumes handled by the Californian port for the entire year amounted to 8,634,497 TEUs, reflecting
US sanctions Emirati tanker owner for violating Russian oil price cap The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a United Arab Emirates-based shipowner for violating the price cap on Russian crude oil exports. Sanctions were placed on Hennesea Holdings as the beneficial owner of 18 ships, including the 2006-built aframax ex-Beks Atlantica, which OFAC previously identified as ...
Canada's Mullen set to acquire compatriot logistics firm ContainerWorld Mullen Group, one of Canada's largest logistics providers, has signed a deal to buy Richmond, British Columbia-based ContainerWorld Forwarding Services. Financial terms have not been revealed under the letter of intent but Mullen has initiated due diligence to purchase the company and its subsidiaries during the second quarter. ContainerWorld serves the supply chain needs of ...
Flex LNG secures charter extension with supermajor John Fredriksen-backed Flex LNG has won an extension for the charter of its 173,400-cu m LNG carrier. According to data provided by VesselsValue, the charterer of the LNG carrier is UK supermajor BP which exercised its first two-year extension option. Flex LNG said that the vessel was fixed on a three-year time charter from ...
Bahri takes two methanol-fuelled tankers on five-year charter Saudi Arabia's flagship carrier Bahri has penned a long-term deal with Swiss methanol producer and tanker owner Proman to charter in two of its methanol-powered ships. The company's chemical arm has taken the Guangzhou Shipyard International 2023-built 49,900 dwt MRs Stena Provident and Stena Progressive on hire for five years. The vessels are the final ...
Number of ships waiting for Panama transit slashed in half The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent months since authorities slashed daily transit numbers as well as the maximum draft. The latest ...
N-Sea charters another Rederij Groen OSV Dutch subsea services specialist N-Sea Group has entered into an agreement with Rederij Groen to long-term charter the vessel 2016-built offshore support vessel , formerly known as the VOS Star. The Aquarius-G is 68.04 metres long and 14.95 metres wide, has a draught of five metres, and can execute IRM, survey, UXO, and cable operations ...
OSM Thome taps Odfjell Technology for Equinor FSU modification work Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, has been awarded a contract from OSM Thome to provide upgrade and modification services on the Equinor-owned FSU. Odfjell Technology will provide engineering, construction, and installation services on several tasks, including a new volatile organic compounds recovery system and replacement of an existing ...
Exclusive data reveals Suez diversions by shipping segment A US-listed bulk carrier was hit yesterday by the Houthis in the Gulf of Aden with the American military replying in kind, as the full scale of shipping's Red Sea exodus becomes more clear. Yesterday also marked the first time this century that no single LNG carrier was present in the Red Sea, a remarkable ...
Antwerp struggles to contain cocaine flowing through its port Authorities in Belgium say they seized a record amount of cocaine at the port of Antwerp last year. The port city has become Europe's main gateway for the drug shipped from South America. Belgian authorities said on Wednesday that customs seized 116 tonnes of cocaine in the port of Antwerp in 2023 alone, setting a ...
Pertamina International Shipping eyes 2025 IPO Indonesia's Pertamina International Shipping (PIS) has set its sights on going public next year to generate funds for its ambitious fleet expansion. The shipping arm of the nation's top energy producer is finalising plans to float about 10% of its shares on the Indonesia Stock Exchange in 2025, according to local media. PIS has been ...
Geneva Dry Dialogues: Dualog Norway's Dualog holds a special place among the Splash team, being the only company to have sponsored every single Maritime CEO Forum in the exclusive shipping gathering's eight-year history. Within days of Splash launching Geneva Dry, Dualog was one of the first brands to put to pen to paper to support the new event. "Hopefully ...
Kim Heng expands footprint in Malaysia with new offshore JV Singapore offshore vessel operator and marine engineering services provider Kim Heng has formed a new joint venture in Malaysia. The company's subsidiary, Kim Heng Agency, has joined forces with Malaysia's RUHM Holdings and Wardatul Wahdah Binti Ahmad Nokman to establish a new company known as Mazu Offshore. RUHM operates marine service vessels that support offshore ...
HMM, ONE and Yang Ming urgently seek to fill Hapag-Lloyd void Reliability is king was the message coming from both Hamburg and Copenhagen yesterday as new liner partners, Hapag-Lloyd and Maersk, sought to explain their mission priorities in establishing the Gemini Cooperation, a liner marriage that has left certain Asian carriers reeling. In agreeing to partner with Maersk from February next year on the main east-west ...
K Line contracts for three coal carriers Japan's Kawasaki Kisen Kaisha (K Line) has contracted compatriot Nihon Shipyard to build three wide-beam, shallow draft post-panamax coal carriers. The 92,000 dwt ships will be methanol-ready and represent a tweak on the designs of K Line's existing Corona class of post-pamamaxes. The ships will be used to provide coal to Japanese power stations. No ...
Houthis claim US-owned tanker hit as two drone incidents reported following US strikes on Houthi missiles The Houthis claim to have hit a US-owned ship on Thursday while UKMTO reports of two drone incidents in the...
Matson chief hails 'solid' year and fourth quarter China volumes US-listed container line Matson expects first quarter net income of around $60m, lower than the same period last year, but...
US bans 17 tankers and dark fleet owner Hennesea Holdings for Russia sanctions breaches Action taken by the Office for Foreign Assets Control is the strongest carried out by US regulator against sanctions-circumventing ships...
Suez Canal vessel transits plunge 34% in seven weeks, with further drop on cards Lloyd's List Intelligence figures show 290 ships over 10,000 dwt transited in the seven-day period ending January 14, against the...
Bugbee sells $32.2m of Scorpio shares as stock soars to multi-year highs Scorpio Tankers president Robert Bugbee has sold 500,000 of his shares in the New York-listed product tanker owner for $32.2m...
Herculito Maritime ruling has 'immediate significance' for Red Sea deviations, argues winning KC Judgment identifies juridical basis on which implied insurance code arises as a matter of construction
Shipmanagers must prove worth to stay relevant Shipmanagement firms risk falling into a 'commodity trap' and a race to the bottom unless they can prove their relevance...
Shipper disruptions from Red Sea 'reaching peak' Diversions of boxships around South Africa have caused delays of up to 20 days. But with ships now returning to...
Gemini Cooperation in 'strong position' to compete on deepsea capacity The tie-up between European container line heavyweights Maersk and Hapag-Lloyd could see the pairing become the dominant force on key...
Russia oil shipments rise as US Treasury investigation deepens crude discounts Buyers from India, the second-largest importer, are shunning Russian oil grades that remain above the G7 cap because of the...
LA/LB close weakest year since 2016 despite strong finish, but uncertainty is shifting eastwards Volumes were soft in San Pedro Bay last year, as the end of the lockdown-induced shipping boom bloated inventories, and...
Houthi attacks to cut Suez oil trade flows by two-thirds, says IEA Some 10% of global seaborne oil trade and 8% of liquefied natural gas is shipped via the Suez Canal, with...
Tanker values edge up on lack of modern tonnage, but Red Sea impact muted The secondhand market is lacking modern tonnage. At the same time, high secondhand prices are leading to more interest in...
DHT to pay 100% net income in dividends ING revolver being used to repay Nordea credit facility
West of England launches piracy policy Ransom indemnity and reputational risk expenses included in cover
K Line orders three post-panamax bulkers to expand coal carrier fleet Newbuildings will feature a 40% improvement in CO2 emissions efficiency
Hanwha Ocean pushes green ambitions with industry first zero-emission gas carrier Hanwha Group vice-chairman Kim Dong-kwan also announced the group would own and operate the newly developed green ships, marking a...
Daily Briefing Maersk and Hapag-Lloyd put reliability at centre of new agreement | Maersk and Hapag-Lloyd to form new alliance | Red...
As Yellow 'distortion' fades, US LTL market searches for a catalyst US less-than-truckload pricing is moderating as waves of disruption caused by Yellow's bankruptcy recede, fuel prices fall and demand remains soft.
MPV indices in holding pattern as longer-term vessel fixtures slow The MPV spot market is increasingly busy even as high interest rates and supply chain bottlenecks hold back capitol project execution, analysts and industry executives say.
Louis Dreyfus inks deal for three ro/ro newbuilds to be deployed on Airbus charter The new ships, scheduled for delivery in 2026, form a fleet renewal program to replace three existing ro/ro vessels operated by Louis Dreyfus under a long-term charter agreement with Airbus that has been in place for more than 20 years.
Overcapacity, weak demand force carriers to delay trans-Atlantic surcharges Rates on the westbound trade lane were at loss-making levels last year and have only deteriorated further, giving carriers no leverage to lift prices.
Southeast US ports expanding to handle ultra-large container vessels Southeast ports are gearing up to handle more freight as supply chains move further away from China.
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.
Emanuele Lauro hops on the Scorpio Tankers gravy train in $27m stock sale For second time in two days, a top Scorpio executive cashes in his chips
Houthi drones fly near Genco bulker again as chemical tanker reports attack in Gulf of Aden Pentagon spokeswoman says US is not at war with Houthis after week of strikes
Two vessels report Houthi attacks as US strikes more launch sites in Yemen Pentagon spokeswoman says US is not at war with Houthis after week of strikes
Bulker reports Houthi missile firing as US strikes more launch sites in Yemen Pentagon spokeswoman says US is not at war with Houthis after week of strikes
Iran releases Greek cadet from hijacked Empire Navigation tanker Fate of remaining 18 Filipino crew still subject to negotiations
US blacklists Middle East tanker owner and its 18-ship fleet over oil price cap breaches Tankers linked to Hennesea Holdings have made repeated port calls to Russian ports
George Economou doubles up on VLAC newbuildings with $237m deal at Samsung Heavy Industries More orders incoming for very large LPG-ammonia carriers as new vessel type gathers momentum
Euronav: What happens when the biggest crude player is no longer a tanker investment? This week's Streetwise takes a look at the 'everything else' about the new-look tanker giant and why equity analysts have their doubts
P&I insurer launches piracy product as Somali attacks weigh on owners New policy seeks to cover areas omitted by typical war risk protection
John Fredriksen's Flex LNG picks up two-year charter extension with 'super major' BP Ship is now locked away until 2027 - when the market is forecast to tighten
First seafarer casualty will 'massively change' Red Sea dynamic, warns Columbia's Mark O'Neil Shipowner and manager explains how risk assessment must also include seafarers' perception of Houthi threat
Clark Hill adds experienced lawyer Dabney Pettus to admiralty and shipping team Casualty expert joins US law firm after 23 years at rival Welder Leshin
Dozens more elderly tankers join Iran trade as exports surge Crude shipments reach highest level since 2019
More Hunter Group share sales coming to fund new investment drive VLCC and CO2 carrier player will continue to examine fresh moves in shipping
Maersk's modern marriage: Danish giant explains Hapag-Lloyd pact shaking up liner shipping Maersk sets out goals for fresh cooperation that is set to redraw the landscape for liner companies
Bahri sweeps up new methanol-fuelled tankers from Swiss producer on five-year deals Green fuel option was key to deal, says Proman executive Anita Gajadhar
Robert Bugbee cashes in $32m of Scorpio Tankers stock as shares surge With his stock on a bull run, president has cashed in less than half of his stock
Clarksons 'theoretical' fleet valuation dragged into Rokke and Sveaas' battle for Solstad Shipowner says Christen Sveaas based his grievances on UK broker's assessments that came in 25% above Norwegian shops
Veteran lawyer Maurice Thompson hops aboard HFW's Melbourne shipping practice
Christoph Toepfer's Borealis Maritime eyes $2bn war chest for maritime asset buying spree Having sold the bulk of its boxships, London-based company secures $600m in fresh funds with which to grow in new areas
Suez Canal tanker trips set to plunge by two-thirds in January, says IEA About 10% of the world's seaborne oil trade passed through the Red Sea via Suez Canal in 2023
Hanwha unveils its plan for zero-emission gas carrier and green ship investment Group executive tells Davos Forum that conglomerate will own and operate vessels to fast-tract new technology
Hill Dickinson hires former Ince partners for Cyprus launch UK law firm expands international reach with base in Limassol
DHT has firepower to add one VLCC per year as cash flow piles up, analysts say US-listed owner will have $76m of cash flow to use even after paying out 100% of net earnings as dividends
K Line pens order for three methanol-ready bulkers at Japanese shipyard Owner adds to orderbook with new design of coal carrier
Dramatic images show devastation being wrought on shipping from Houthis attacks Genco bulker was the latest Western vessel to be targeted
Peak oil will not be reached before the end of this decade, says Opec head Comments reflect differences over forecast global flows
Tanker transits plummet as shipping swerves Red Sea danger zone, says Clarksons Steve Gordon reveals the latest effects of chaos in the Middle East
Robert Bugbee cash in $32m of Scorpio Tankers stock as shares surge With his stock on a bull run, shipowner's president has cashed in less than half of his stock
Taiwan Navigation ramps up fleet renewal push with order for pair of handysize bulkers Newbuildings form part of the company's fleet renewal programme
Marinakis pulls the plug on offshore vessel buy from Spetalen's Standard Supply PSV is on charter with oil major BP for $23,500 a day
Bulker operator Sea Sands Shipping dives into owning with supramax buy Already established as a dry bulk operator, company wants to grow its owned fleet
Angelicoussis and Procopiou seek yard berths amid VLCC craze Available delivery dates stretch out into second half of 2027 as major names move in on remaining slots
Sea Sands Shipping of Dubai dives into bulker owning with supramax buy Already established as a dry bulk operator, company wants to grow its owned fleet
Genco Shipping confirms Houthi attack on supramax in Gulf of Aden Supramax bulker owned by New York shipowner identified as target of latest attack
MOL Drybulk has an eye on growth after banking the rewards of consolidation Bulker company is seeking growth in project cargo trade
Container spot rates rocket even higher as Red Sea crisis drags on Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
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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