MA CGM takes delivery of the first of 10 new next-gen feeder vessels Hyundai Mipo Dockyard has delivered the CMA CGM Mermaid, the first in a series of ten 2,000 TEU LNG-fueled feeder vessels that, CMA CGM says, "herald a new generation of containerships." Said
Bilge alarms did not sound, fishing vessel Hotspur capsized and sank In its latest report on a fishing vessel accident, the National Transportation Safety Board (NTSB) has determined that flooding into the lazarette, a compartment below the main deck, or port void (empty)
Seatrium and Solvang in world's first full-scale CCS retrofit Solvang ASA has selected Singapore's Seatrium to carry out the world's first first full-scale, turnkey carbon capture and storage retrofit on an oceangoing ship: the 21,289 cubic meter ethylene carrier Clipper Eris.
AD Ports surpasses US$3 billion revenue, achieves US$370 million profit in 2023 AD Ports Group has unveiled its preliminary financial results for the previous year (January-December 2023). In the previous year, AD Ports reported that revenue experienced a remarkable surge of 112% year-on-year (yoy) reaching US$3.18 billion, with Q4 2023 witnessing a notable 105% yoy increase to US$978 million. Additionally, the Group's EBITDA displayed a 23% yoy growth to US$726 million for
Wan Hai and ONE launch joint service to link Asia with US West Coast Taiwan's ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States West Coast. Wan Hai's AP1 service will replace the existing AA3 service and will be jointly operated with Ocean Network Express (ONE). Wan Hai Lines will deploy five vessels, while the Singaporean box line, which has also announced the new service ,
Houthi missiles hit Greek ship Lycavitos, a Greek-owned supramax bulk carrier, operated by Helikon Shipping Enterprises, was damaged by Houthi missiles in the Gulf of Aden yesterday (15 February) afternoon, local time. Houthi military spokesman Yahya Sare'e confirmed on the movement's Telegram and TV channels that the vessel, which it says is a UK vessel, had been targeted. Helikon Shipping Enterprises has an office in London,
Broekman Logistics sells Dutch terminal to CLdN Broekman Logistics is selling the Dutch Distriport terminal in the Brittanniëhaven to CLdN, a Belgian-Luxembourgish shipping and logistics group owned by the Cigrang family. Distriport encompasses an area of 220,000m², which includes 630 metres of quay, container transshipment and storage facilities, 50,000m² of covered warehouses, transshipment capabilities for general cargo, high and heavy load
ClassNK and Lovoy join forces to enhance safety management systems ClassNK and Lovoy have signed a Memorandum of Understanding (MOU) to collaborate on the development and implementation of Safety Management Systems (SMS) aimed at enhancing user-friendliness. Lovoy emphasizes the need for SMS to prioritize the end user, particularly seafarers, highlighting that overly complex procedures can lead to errors. With evolving industry requirements and the introduction
US box imports increase in January In January, US container imports surged by 7.9% compared to December 2023, reaching a total of 2.27 million TEUs, as indicated in the latest Global Shipping Report by Descartes Systems Group. According to JIFFA (Japan International Freight Forwarders Association), these figures also represent a notable increase of 9.9% from January 2023 and a solid 9.6% rise from the pre-pandemic levels of Januar
SC Ports to upgrade its crane fleet with two hybrid RTGs South Carolina Ports (SC Ports) purchased two Konecranes hybrid rubber-tired gantry cranes (RTGs) for their inland port operation in Greer in the fourth quarter of 2023. These new RTGs are anticipated to bolster the port's overall capacity, complementing the existing fleet of seven Konecranes RTGs currently in operation at the terminal. Delivery and commissioning of the new cranes are scheduled f
Port of Rotterdam extends partnership for clean fuel and energy with VARO Energy The Port of Rotterdam Authority is committed to maintaining its utilization of clean fuel and energy sources for its vessels and critical infrastructure, including radar stations. In pursuit of this objective, CEO and interim COO Boudewijn Siemons has signed a new agreement with VARO Energy Group. VARO's products emerged as the top choice in the Dutch port's tender process for the most environmen
PIL's updated online booking platform goes live Pacific International Lines (PIL) unveils its freshly revamped online booking platform, PocketPIL. Formerly known as myPIL, the updated platform is expected to offer a seamless, expedited, and fortified transaction experience. Customers of PIL can anticipate a wealth of new features, including enhanced flexibility to modify, divide, or consolidate their bookings. PocketPIL is set to streamline th
Neda and Thenamaris enter the newcastlemax segment Two Greek names have entered the newcastlemax segment with a raft of big bulkers changing hands in recent days. Late last week, Splash revealed that Korean cape player Polaris had sold four 2020-2021 Chinese-built newcastlemaxes. Now, sales registers reveal that Thenamaris' 22-ship-strong bulker arm will balloon with these four ships, the largest bulk carriers the ...
Houthis renew Red Sea attacks With the most recent rocket attack on a British-operated Greek-owned bulker on Thursday, Yemen's Houthis have threatened to keep attacking vessels in the Red Sea. The Yemeni group have claimed responsibility for the attack on Helikon Shipping Enterprises' supramax Lycavitos in the Gulf of Aden. The Yemeni group says that 'appropriate naval missiles' were used ...
Liner bosses discuss potential for nuclear The heads of two of the world's largest containerlines have discussed how they see the role of nuclear power in the years ahead. Speaking yesterday at a press conference hosted by the World Shipping Council, a liner lobby group, Jeremy Nixon and Rolf Habben Jensen, the CEOs of Ocean Network Express (ONE) and Hapag-Lloyd, respectively, ...
Shell taps TechnipFMC for subsea work on Sparta project Offshore contracting giant TechnipFMC has been awarded a contract by energy supermajor Shell for the first integrated engineering, procurement, construction, and installation project to use high-pressure subsea production systems rated up to 20,000 psi. The company will manufacture and install subsea production systems, umbilicals, risers, and flowlines for Shell's Sparta development in the Gulf
Crew evacuated from sinking general cargo ship off South Korea A crew of 11 seafarers were evacuated from a Korean general cargo vessel taking on water in rough weather near Jeju Island. The Korean Coast Guard received a distress call from the flooded 3,600 dwt ship on Thursday around 21.55 hrs local time. A helicopter and a security vessel were dispatched and located the vessel ...
TechnipFMC keeps DOF Subsea CSV for two more years Norway's DOF Subsea has secured a contract extension for the 2015-built construction support vessel (CSV) . DOF Subsea said that the new extension option would keep the vessel with the client until February 2026. The previous extension for the CSV was signed in May 2022, started in direct continuation with the existing deal, and was ...
Gard advises on stack collapses In a new study, Norwegian P&I club Gard has delved into the impact of weather on container stack collapses. The findings show the impact of progressively increasing wave height, the quantified risk of high waves, and variance in weather exposure among different operators. To contribute to the industry understanding and to help prevent losses, Gard ...
CMA CGM unveils new-look boxship From yards in Asia, new look containerships are emerging from drydocks as the sector ushers in a greener era, spending billions of dollars on a next generation of vessels. An eye-catching new delivery came out of South Korea's Hyundai Heavy Industries (HHI) this week, the 2,000 teu LNG dual-fuel (pictured), the first in a series ...
Scorpio Tankers signs up for emulsion bunker fuel systems across entire fleet FOWE Eco Solutions has entered into a memorandum of understanding with New York-listed shipping giant Scorpio Tankers to license FOWE's emulsion bunker fuel systems for use on Scorpio's entire fleet of over 100 vessels. Scorpio began testing FOWE's emulsion fuel bunkers in 2022 and since December of that year has been continuously operating two of ...
K Line buys French kite manufacturer The biggest client of a ship kite system originally developed by Airbus has become such a fan that it has bought the company. Japan's Kawasaki Kisen Kaisha (K Line), via a newly created French subsidiary called Oceanicwing, has bought out Airseas, the manufacturer of the Seawing automated kite system. K Line claimed today that Seawings ...
Dark fleet tanker laden with Russian crude hit in latest Houthi strike The description and location of a Panama-flagged tanker attacked in the Red Sea on Friday fit those of the dark...
The Lloyd's List Podcast: Why the flagging standards of flag states are a problem for everyone Between dark fleet ships evading sanctions and fraudulently flagged ships disappearing off the radar completely, there is a growing number...
P&I clubs getting two thirds of renewal round headline increases, brokers claim Gard, NorthStandard and Skuld likely to increase entered tonnage when dust settles, according to market sources
Yes, governments can tell you what to do Shipowners sometimes argue that they are merely humble 'taxi drivers of the sea'. But few professions are as extensively regulated...
Russia's Sea of Azov trade reconfigures over fear of Ukrainian assault Ukraine's armed forces have successfully destroyed and damaged several critical Russian assets in the Black Sea, such as sinking the...
Singapore bunker demand remains firm owing to Red Sea diversions Singapore bunker sales held near 5m tonnes in January, as the world's largest bunkering hub remains among the best locations...
Demand and capacity constraints keep transpacific buoyant The transpacific trade is least affected by the Red Sea crisis. But even here the disruptions to schedules elsewhere have...
EnTrust Global acquires maritime and energy fund Offshore Merchant Partners US asset manager EnTrust Global has agreed to acquire Norwegian alternative investment fund manager Offshore Merchant Partners through its maritime-focused...
Rerouted product tankers on full throttle to capitalise on lucrative rates LR2 spot rates have weakened in recent weeks, but the clean tankers continue to command a tidy sum with ships...
Trafigura loses tanker charter spat with Greek owner The court dismissed as 'fanciful' Trafigura's argument that WhatsApp messages were informal and of lesser importance than emails in negotiations
Weather routing critical factor in stack collapses Extended periods of rising wave heights put pressure on lashings. But commercial decisions often override sensible weather routing
Master of tanker accused of 'abducting' trio is freed on bond by Greek court Tanker had earlier been banned from European port calls after reneging on port state control deal to undertake repairs
Houthi's target 'British' bulker Militant group carries out third attack on commercial shipping within a week, as it reiterates stance that strikes will continue...
Europe agrees on updated maritime pollution policy The EU has agreed to update its directive on ship-source pollution. Move will see better data sharing and transparency on...
Seatrium seals deal for onboard CCS system retrofit on Solvang ethylene carrier If the pilot project succeeds after a year of commercial operations, Solvang intends to install the technology on some of...
Orix to acquire Japanese shipowner Santoku Senpaku Orix has more than 50 years of experience in the ship-leasing and investment segment, while Osaka-based Santoku Senpaku is one...
Daily Briefing Clubs scramble to restore Red Sea cover for big-name charterers | Russia and China criticise Red Sea interventions as EU...
Improving US economy lifts outlook for trucking M&A activity More accretive "tuck-in" deals that expand carrier niche services and coverage appear likely if the Fed cuts US interest rates and freight demand improves.
Ro/ro carriers expect record demand, profits to persist into 2024 Vessel diversions and potential tariffs complicate the outlook, but strong forward contracting fueled by booming demand is bolstering the ro/ro sector after a strong 2023.
Global green fuel pricing must 'coexist' with Europe's ETS: WSC By the time the IMO measure is introduced, the European carbon tax will have already been in place for three years, raising concerns that lengthy EU scrutiny of the global mechanism could see shippers hit with a double tax.
Another Mexico intermodal option launches for shippers amid cross-border growth Shippers will have another domestic intermodal option between Mexico and the US as cross-border intermodal growth outpaces the overall North American market.
Houthis carry out new missile attack against tanker in the Red Sea Greek-managed vessel sustains 'minor damage'
Podcast: Maersk's climate target 'breakthrough' and a unique approach to carbon capture Audio edition of Green Seas talks to the Ship It Zero team about how they see Maersk's net-zero pathway
International Seaways set to bag private equity firm's tanker sextet in $238m deal New York-based shipowner has large but ageing current fleet in MR sector
Seafarers garner strengthened right to refuse in Red Sea after Houthi attacks Employers and union in International Bargaining Forum also extend high-risk area to Gulf of Aden
International Seaways set to bag Wayzata MR sextet in $238m deal New York-based shipowner has large but ageing current fleet in MR sector
CMB.Tech to own first ammonia-powered container ship being built in China Euronav-controlled shipowner teams up with Norway's Yara and NCL on back of 15-year contract
Seafarers garner right to refuse in Red Sea after Houthi attacks Employers and union in International Bargaining Forum also extend high-risk area to Gulf of Aden
Russia set to increase crude exports after drone refinery attacks Production has been hit by up to 500,000 a day in February with facilities knocked offline, says Kpler
Pyxis Tankers says product tanker market 'constructive' but rates weaken Greek shipowner reveals a dip in average MR earnings so far in the first quarter
Editor's selection: Tragedy, smart money and a sanctions-busting king-pin called 'Roger' A look back at some of the biggest stories of the week
New missile attack against tanker reported in the Red Sea Ship sustains 'minor damage' and military authorities are said to be responding
Western Bulk CEO: 'Everything in our business model went against us' Bulker operator still has ambitions to grow, particularly within the panamax segment
Six seafarers missing after ship sinks off Turkish coast Overage cargo ship lies at the bottom of the Sea of Marmara, 51 metres deep
Young entrepreneur's shipping dream was crushed in a London cafe. Now he is challenging the car carrier elite Walid Salloum has grown a logistics business that is handling half a million cars annually
Former MSC master avoids jail after admitting being drunk in charge of container ship Polish captain was previously of good character, judge says
Petros Panagiotidis' Toro amasses $156m cash pile after string of tanker sales Cyprus-based company also pushes up fourth-quarter earnings
Steamship Mutual finds solution to Red Sea insurance crisis UK-based P&I insurer can reinstate charterers cover, but it is capped and there are conditions
M&M Bank warns of margins under pressure from fierce competition Oldendorff-backed bank closes year with another profit and no non-performing loans
Western Bulk stock feels the squeeze as market digests loss and exit of chief executive DNB Markets cuts its target price for bulker operator but has faith in market fundamentals
Next-generation newbuildings on agenda at Klaveness Combination Carriers, says Engebret Dahm No pressing need for new ships, CEO argues
Shipbroker Gibson dives back into LNG with four-strong team Shop has been 'keeping a foot in the door' but plans to scale up new desk over the year
Bonheur books $8m profit on sale of laid-up cruise ship as bottom line drops Fred Olsen holding company logs lower earnings due to higher interest costs
Philly Shipyard gets extra time to deliver $1.5bn contract as pandemic-related problems linger Pennsylvania shipyard blames lingering effects of Covid-19 for continued issues
SeaLead boss Henry Schmidl exits as new owners move in at container line Operator announces shake-up to reinforce market position
K Line sweeps in to buy French wind power pioneer Airseas Shipowner has potential orders for up to 51 units
ESL looks to new hybrid coastal cargo ships for future profit boost Aspo-owned firm is operating in soft markets and sees new generation of vessels lifting performance
Seacon Shipping strikes product tanker newbuilding debut with four-ship swoop Seacon tied to CSSC Leasing order for product carrier quartet at Chengxi Shipyard
Klaveness Combination Carriers sticking with bigger share of tanker trades as rates hit record level Norwegian owner expecting best-ever earnings for its Cleanbu ships in first quarter
'Never easy': After three tough years P&I Clubs have fresh confidence going into renewals But geopolitics, inflation, claims and an ageing fleet remain concerns despite a positive market shift
Seatrium wins Solvang carbon capture retrofit contract Norwegian shipowner says it will install more systems on its fleet if trial proves successful
Singapore's Seatrium wins Solvang CCS retrofit contract Norwegian shipowner says it will install more systems on its fleet if initial trial proves successful
Bugbee's biggest bet: President puts $7m at risk on Scorpio Tankers stock Executive makes first foray into call options in more than a year
Air Canada says freight demand beginning to improve The downward slope in cargo revenue at Air Canada began to level out during the fourth quarter, and management is optimistic 2024 will be better for airfreight than last year.
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