ESG cuts steel for first of four new Saltchuck Marine escort tugs Eastern Shipbuilding Group (ESG), Panama City, Fla., reached an exciting milestone Dec 18, initiating steel cutting for the first of the four new advanced four new Robert Allan Ltd. designed RApport 2600
Ulstein Verft begins outfitting first BS Offshore SX222 CSOV The hull of the first of two Twin X-Stern commissioning service operation vessels under construction for Bernhard Schulte Offshore (BS Offshore) arrived at Ulstein Verft in Norway on Dec. 18, 2024. This
Port of Long Beach on track for 9.6 million TEU record year Buoyed by six straight months of historic volumes, the Port of Long Beach says that it is on course to reach 9.6 million TEU of cargo containers by the end of 2024
DP World Australia to automate berth scheduling through Portchain Connect Two years after implementing Portchain Connect, DP World's four Australian terminals in Sydney, Melbourne, Brisbane and Fremantle continue advancing their efforts to streamline berth alignment processes with shipping lines. Portchain has announced a successful integration with these terminals, now automatically updating berth schedules and facilitating smooth alignment with carrier customers. Thr
Konecranes to deliver eight overhead cranes to manufacturing facility in Indonesia Konecranes has secured an order to supply eight CXT overhead cranes to PT Beka Wire, Indonesia's manufacturing facility in Subang. These cranes will support material handling operations at every stage of production. The order was placed in late October 2024, with delivery and installation planned for March 2025. The package includes three 5-ton overhead cranes for the galvanizing line, supporting
Patriotism keeps Chinese shipbuilders from sweeping container vessel orders This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
COSCO and DP World: Contrasting Geo-Strategies Shaping Global Maritime Trade This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Port of Oakland secures US$10.5 million grant for vehicle electrification The Environmental Protection Agency (EPA) has awarded the Port of Oakland US$10.5 million through its Clean Heavy-Duty Vehicle grant program. The funding will support the transition from fossil-fuel-powered vehicles to zero-emissions (ZE) technology across Oakland, Richmond, and San Francisco. This grant is part of the Biden-Harris Administration's US$735 million Investing in America initiative,
AD Ports appoints Hassan Allam Construction to build Safaga Terminal AD Ports Group has announced the appointment of Hassan Allam Construction, the flagship subsidiary of Hassan Allam Holding and a leading contractor in Egypt and the MENA region, to construct the infrastructure for the Noatum Ports - Safaga Terminal. This terminal, located on Egypt's Red Sea coast, will be the first internationally-operated port terminal in Upper Egypt. Captain Mohamed Juma Al Sha
SC Ports records container volume growth South Carolina Ports (SC Ports) reported a 5% increase in containerized cargo moving through the Port of Charleston in November compared to the same month last year, with 116,273 pier containers and 211,443 TEUs. For the fiscal year to date (July 2024 - November 2024), container volumes have remained steady, with 583,959 pier containers and 1.06 million TEUs, reflecting a marginal 1% year-over-ye
Sea-Intelligence analyzes port-pair data in container alliances The current structure of the container shipping alliances [2M, THE and Ocean alliances] has been present since April 2017 and will last a few more weeks before new groupings are formed in February 2025. Danish maritime data analysis firm Sea-Intelligence has used 'offered port-pairs,' an important metric, to analyze market trends over the past eight years. The following figures show the distinct
Ports of LA and Long Beach set records The Port of Los Angeles handled 884,315 TEUs in November, marking a 16% increase compared to the same month last year. In the first 11 months of 2024, the Californian port has processed 9,375,735 TEUs, representing a 19% growth over 2023. At a media briefing, Scott Kelly, Vice President of Ocean Services for the Americas at Expeditors International, joined Executive Director Gene Seroka to discus
CMA CGM updates FAK rates from Indian Sub to North Europe and Med French shipping company CMA CGM has announced new Freight All Kinds (FAK) rates effective from 15 January 2025 (gate-in date), until further notice. These updated FAK rates will apply exclusively to dry cargo shipped from the Indian Subcontinent, including India, Pakistan, and Sri Lanka, to destinations in North Europe and the Mediterranean. 20' 40' From India, Pakistan and Sri Lanka Amount in US
Pakistan's Maritime Sector: Challenges and Strategic Developments The recent announcement about Pakistan's first major commercial ship being constructed at the Karachi Shipyard marks a significant development in the country's maritime sector. However, Pakistan continues to face challenges with its low export levels-a persistent barrier to achieving economic independence. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If y
Port Houston on track to surpass 4 million TEUs in 2024 Port Houston is poised to close 2024 as one of its most successful years, having already handled around 3.8 million TEUs in the January-November period, translating to a 9% increase compared to the same period last year. November alone saw a record-breaking 369,361 TEUs, marking a 24% year-over-year surge and the highest monthly container volume of the year. Charlie Jenkins, CEO of Port Houston,
Can Europe handle a mega-ship grounding? As container ships have rapidly increased in size, the methods of dealing with casualties have remained fairly static, particularly where grounding is concerned, with vessels drained of fuel and cargo removed to lighten a vessel before it is refloated using tugs. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating
Port of Long Beach handles over 880,000 TEUs in November The Port of Long Beach processed 8,788,718 TEUs in the first 11 months of 2024, a 20.2% increase from the same period last year. Furthermore, buoyed by six consecutive months of record-breaking volumes, the Californian port is on track to handle approximately 9.6 million cargo containers by the close of 2024-surpassing the previous high set during the pandemic in 2021, all without congestion or d
Performance Shipping pens aframax charter with AET Greece's Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia's top shipping line MISC, for 21 months. The charterer has the option to shorten or ...
Thomas Kazakos appointed ICS secretary general The International Chamber of Shipping (ICS) has appointed Thomas Kazakos as its next secretary general. The director general of the Cyprus Shipping Chamber since 1995 will replace Guy Platten, who will be stepping down at shipping's top lobby group in June next year after holding the position for nearly seven years. Kazakos started his career ...
Doun Kisen bulks up with four newbuilds in China Japan's Doun Kisen has boosted its bulk carrier orderbook in China with four additional newbuilds. Multiple broking outfits report the diversified shipowner has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for a pair of kamsarmax and ultramax vessels each. The 82,000 dwt and 63,500 dwt units, costing about $37.3m and $35.3m, respectively are expected ...
Monjasa makes LNG bunkering move in the UAE Denmark-based bunker supplier Monjasa has brought in an LNG bunkering vessel on charter for deployment in the UAE. The company's move into the LNG bunkering space has seen NYK's 5,000 cu m Green Zeebrugge fixed for an undisclosed period in what Monjasa says was a response to a growing demand for alternative fuels, including ships ...
Seadrill bags $1bn for drillship duo in Brazil Offshore rig owner Seadrill has landed two drillship contracts worth nearly $1bn with Brazilian state-owned oil and gas major Petrobras. The New York-listed company has secured fresh employment for the ultra-deepwater units, West Tellus and West Jupiter, each set to deliver about $498m. The contracts include additional services but exclude mobilisation fees of $72.5m in ...
Ventura Offshore seals Petrobras drillship deal Oslo-listed Brazil-focused drilling contractor Ventura Offshore has secured employment for its ultra-deepwater drillship Carolina with Petrobras. The 2011-built unit has been fixed for 910 days under a deal worth around $363m for work on the Sepia and Atapu fields in the Santos basin offshore Brazil. The contract, which includes mobilisation fees, comes with a $113m ...
Fugro hired for ground investigation work on Equinor's European CO2 highway Dutch surveyor Fugro will be carrying out a comprehensive ground investigation for a new CO2 highway, off the coast of Belgium. The contract is part of a 1,000-kilometre-long planned pipeline by Equinor to transport CO2 between mainland Europe and Norway. The pipeline is targeted to come onstream in 2030. The pipeline is planned to start ...
Oil washes up along Black Sea coastline following triple tanker casualties Oil has washed up along the shorelines around the Kerch Strait following a series of tanker disasters involving ancient Russian tankers in recent days. Footage posted on social media showed birds along the shoreline covered in mazut on Monday, after 3,700 tonnes of the heavy, low-quality oil product spilled into the strait linking the Sea ...
UK keeps up sanctions pressure on Russian tankers The UK continues to lead the world in the tanker sanctions campaign levelled at Russia. Prime minister Keir Starmer revealed another 20 tankers have been added to the UK sanctions list yesterday while confirming news carried by Splash on Tuesday that the UK has teamed up with a number of north European neighbours to challenge ...
Navantia to buy Harland & Wolff Spanish shipbuilding group Navantia has ridden to the rescue of Harland & Wolff, a British shipbuilder weighed down in debt. Navantia will take over the company and its four shipyards spread across the United Kingdom, with the British government ensuring Harland & Wolff will build three navy vessels as part of the takeover deal, which ...
Nike supports CMA CGM's new electric barge service in Vietnam CMA CGM will deploy a 100% electric barge from 2026 powered by green electricity, alongside dedicated charging infrastructure supported by a new solar farm at its partially owned Gemalink Terminal in Cai Mep. The electric barge will operate on a 180 km return route between Binh Duong province and the deepsea Gemalink terminal, emitting zero ...
Children's book published exploring family separation As the holidays approach for much of the world, marine insurance specialist the Swedish Club and Mental Health Support Solutions (MHSS) have produced a children's book designed to explain why parents working at sea spend so much time away from home. The story Our Family and the Sea explores the stress of separation and takes ...
Another pirate attack recorded in the Singapore Strait Yesterday a Hong Kong-flagged bulk carrier was boarded by two individuals while transiting eastbound in the Philip Channel, 4.6 nautical miles northwest of Kapalajernih Island, Indonesia. The suspects were reportedly armed with a "gun-like" object, according to UK maritime security consultancy Ambrey. During the incident, the vessel was underway at 10.1 knots, with an estimated ...
LNG shipping execs write off 2025 and pin hopes on 2026-2028 recovery The counter-seasonal plunge in LNG shipping rates does not appear to be a transitory setback. It looks more like the...
Baltic Exchange appoints Howe Robinson's Guy Hindley as new chairman Guy Hindley has been appointed as the Baltic Exchange new chairman, effective January 1, 2025. He has been on the...
The Lloyd's List Outlook Forum: Is the dark fleet getting darker? We bring you more highlights from the Lloyd's List outlook forum held in London earlier this month, featuring foremost sanctions...
San Pedro Bay still handling record volumes While combined volumes fell from October - as has been the case in nearly each of the past six years...
Boxship charter market loses some steam but strong demand to continue Chartering activity has slowed in the final weeks of 2024 but there is no suggestion of a charter rate slump...
Australia downgrades mining exports by $63bn Treasurer Jim Chalmers said China's economic struggles meant Australia could lose A$100bn ($63bn) in mining exports over the next four...
Bunker supplier Monjasa to inaugurate LNG provision at Dubai Monjasa is set to deploy the first LNG bunkering vessel in the Middle East to serve the containership, cruiseship and...
International Chamber of Shipping names Thomas Kazakos as new secretary-general 'Association man' and Cyprus shipowner representative Thomas Kazakos pledges to strengthen the voice of shipping, as he is confirmed as...
Boxships hit by huge hike in International Group reinsurance levy GXL price increases baked into calculations since Baltimore bridge collapse
What does a fake flag certificate look like? Lloyd's List shows you There is no international flag registry for St Maarten and these certificates are fraudulent, according to the Netherlands government
Global coal imports to shrink to 2027 after hitting record this year, IEA says Weather factors - particularly in China, the world's largest coal consumer - will have a major impact on short-term trends...
Ukraine 'outraged' at Yemen grain shipment from occupied Crimea Russian efforts to expand trading out of occupied territories continues to see ships deliver grain to Yemen, via a UN...
ONE partners with Ocean Alliance members on transpacific services Three new jointly operated services, namely AT1, AT2 and AT3, will connect 14 direct ports in the UK, continental Europe...
Red Sea crisis heavily redirects LNG flows but doesn't rescue LNG rates Monthly LNG carrier transits around the Cape of Good Hope have increased by twice as much as LNG transits through...
Norden seeks further expansion in project cargo to 'future-proof' company After two acquisitions in the past 18 months - Thorco Projects and Norlat Shipping - project cargo now comprises nearly...
Container shipping forecast adrift for 2025 with multiple variables in play Most analysts believe next year's container shipping market will be oversupplied. Teu-mile demand is projected to range from positive 3%...
The Daily View: It's the demand, stupid Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing UK expands sanctions on Russia's 'shadow fleet' and targets trader | Baltic countries to check dark fleet insurance | Commodity...
DCLI adding GPS to domestic chassis DCLI equipping domestic chassis with GPS fills an information gap on when shippers sit on cargo excessively.
CPKC's bridge expansion boosts US-Mexico capacity, reliability The opening of a second span across the Laredo border will benefit CPKC trains to Atlanta and Chicago along with other transport providers such as Union Pacific Railroad and its customers.
Asia-US container spot rates spiking to year-end highs Spot rates from Asia to the US rose to highs this week as a looming dockworker strike on Jan. 15, the early Lunar New Year in Asia and the threat of tariffs under the new administration are keeping front loading of imports at unusually high levels for December.
Bridge expansion boosts CPKC intermodal capacity, reliability The opening of a second span across the Laredo border will benefit CPKC trains to Atlanta and Chicago along with other transport providers such as Union Pacific Railroad and its customers.
Asia-US spot rates surge to near-record levels Spot rates from Asia to the US rose to near-record highs this week as a looming dockworker strike on Jan. 15, the early Lunar New Year in Asia and the threat of tariffs under the new administration are keeping front loading of imports at unusually high levels for December.
New Year heralds triple threat to US container shipping The risk of an East and Gulf Coast port strike, US tariffs on China, and service disruptions through the launch of new alliances and networks await the industry in the first two months of 2025, writes Journal of Commerce Executive Editor Mark Szakonyi.
BW Offshore-backed project aims to convert the ocean's power into green ammonia SwitcH2 and CorPower team up to feed green fuel-producing FPSO with wave power
Performance Shipping takes cover, and this time not from Economou Shipowner announces aframax fixture on day market hits two-month high
'Tis the season for capesize bulkers to crash, but this year's lump of coal is worse Average spot rates hit lowest level since September 2023 and futures contracts plunge, but Diana Shipping charter shows
Veteran tanker values take big hit as buyer appetite plunges High tide of secondhand pricing ebbing amid uncertainty over rates
Howe Robinson's Guy Hindley replaces Lord Mountevans as Baltic Exchange chairman Dry cargo broking expert replaces Lord Mountevans after two-year term
Lloyd's of London prepares for shake-up after misconduct consultation Insurance marketplace wants wide-ranging powers to tackle bullying and harassment
Container ship owners pay price for Baltimore disaster with spike in reinsurance costs International Group of P&I Clubs reveals increased costs for owners across the board for 2025
ICS selects Cypriot shipping stalwart Thomas Kazakos to replace Guy Platten Head of Cyprus shipping association to take over next June as International Chamber of Shipping secretary general
Liner operators jockey for position in Transatlantic trade HMM returns to trade after six year absence as ONE teams up with member of Ocean Alliance
Expanding US LNG exports will add to climate woes, says Biden administration It is December and raining LNG reports as a year-long study finally lands
Christen Sveaas and Exmar-backed owner seals Petrobras drill ship charter at $374,000 per day Oslo-listed Ventura Offshore books out the Carolina for at least two and a half years
Grieg Maritime Group names ex-banker as new head of open hatch Henrik Rese Bredesen will continue as head of finance
ICS picks Cypriot shipping stalwart Thomas Kazakos to replace Guy Platten Head of Cyprus shipping association to take over next June as International Chamber of Shipping secretary general
Bureau Veritas joins household names on France's benchmark CAC 40 index Class society says inclusion is a result of new growth strategy
Norway to support construction of nine more ammonia and hydrogen fuel vessels Government support focuses on market confidence in ammonia and hydrogen fuels, but veers away from fuel subsidies
Western Bulk panamax head Mohneesh Bhutani quits for Dubai shipowner Change of role comes after eight-year stint with the company
Norway to support construction of nine more vessels set to be built with ammonia of hydrogen fuel A total of 24 hydrogen and ammonia fuelled vessel projects awarded funding in 2024
Gas carrier damaged after collision with passenger ship Government reported that ro-ro drifted in current off port of Merak, Indonesia
How Idan Ofer built the world's largest private shipping fleet Investment drive that began in 2018 has catapulted the tycoon to fresh heights in 2024, making the shipowner the TradeWinds person of the year
Golden Ocean spends $11.5m on its own stock as share price falls John Fredriksen bulker company takes advantage of value dip
'First big scrapping cycle' forecast for LNG shipping market with no place for steam turbine vessels Market not expected to swing back into balance until 2026-2027
Tax rules prompt John Fredriksen to move his private shipping empire out of London Tycoon eyeing other more favourable regimes for his new base
Russia declares state of emergency as oil washes ashore after twin tanker incidents A third vessel in fleet of Volgotanker issues distress call
NRP gets 'selective' on deals as markets ride volatility Financier capitalises on strong container feeder market
Idan Ofer's EPS Ventures teams up with Norwegian government on shore power investment West coast Norwegian company gets NOK 50m injection
Monjasa takes LNG bunker vessel on charter for new Dubai-based business Fuel supplier scores a double first with its initial unit and a Middle East base for LNG bunkers
FSL Trust makes profit of $2.3m from tanker sale Unnamed buyer pays $7.15m for vessel first reported sold on Monday
Waiting game: Port strike or no port strike? The International Longshoremen's Association has the backing of President-elect Trump in its contract fight with East and Gulf Coast port employers, who may yet have the final say.
Reserve before it's too late! Houthis mull Red Sea security webinar The rebel militia that has spent the past year terrorizing Red Sea shipping may be taking a new tack as events unfold in the Mideast.
DCLI adding GPS tracking to domestic chassis fleet Direct ChassisLink Inc. announced it's adding GPS tracking to its entire fleet of 53-foot domestic chassis.
US carrier GlobalX in joint venture to launch Australian cargo airline Global Crossing Airlines is branching out from the U.S. market to help investors start a charter airline in Australia, serving passenger and cargo airlines.
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