Derecktor picks MJP waterjets for new hybrid ferry duo Two new hybrid ferries being built by Derecktor Shipyards New York for Chatham Area Transit (CAT) of Savannah, Ga., will feature Marine Jet Power (MJP) waterjets as part of their sophisticated power
New GCMD study: Ports aren't ready to handle onboard carbon capture A study commissioned by the Singapore-based Global Center for Maritime Decarbonization (GCMD) finds that a lack of port readiness may present a carbon capture bottleneck. It comes as on board carbon capture
As Congress dithers on FRC spending, Bollinger delivers another Bollinger Shipyards recently delivered the USCGC David Duren to the U.S. Coast Guard in Key West, Fla. This is the 182nd vessel Bollinger has delivered to the U.S. Coast Guard over a
APM Terminals, HHIT enter strategic collaboration As part of the Dutch Trade mission to Vietnam, APM Terminals and Hateco Haiphong International Container Terminal (HHIT), a fully owned subsidiary of Hateco Group, have signed a memorandum of understanding (MOU) to further develop their cooperation on terminal development in Haiphong in North Vietnam. "Vietnam is a rapidly growing and high-potential market in South-East Asia and the strategic col
BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates "Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In 2023 an estimated 13% of global seaborne trade transited through these areas. However, the attacks have reduced the number of ships transiting the area by 50%," stated Filipe Gouveia, Shipping Analyst at BIMCO. Since November 2023, the threat to shipping has increased a
COSCO to serve Port of La Spezia via 20,000 TEU vessels COSCO Shipping is scheduling regular visits to the Port of La Spezia with 20,000 TEU vessels. The imminent arrival of the COSCO Shipping Aries marks the first docking of such a large container ship from the Chinese liner at the Italian port. Beginning in March, COSCO 20,000 TEU container ships will establish a consistent presence at the Port of La Spezia. This recent announcement by the Chinese l
Ports of Hamburg and Argentia unveil green hydrogen partnership The Port of Argentia in Newfoundland, Canada and the Hamburg Port Authority (HPA) in Germany signed a Letter of Intent (LOI) to collaborate on the export and import of green hydrogen from Canada to Germany. The agreement was signed by Scott Penney, CEO of the Port of Argentia, and Jens Meier, CEO of HPA, during their attendance at the Canada-Germany Hydrogen and Ammonia Producer-Offtaker Conferen
Peel Ports Group and E.ON commence UK's largest solar project Peel Ports Group, the UK's second-largest port operator, has partnered with E.ON to achieve its goal of achieving net-zero emissions by 2040. The initiative begins with the installation of the UK's largest roof-mounted solar energy system at the Port of Liverpool, followed by repowering the existing wind turbines along the banks of the River Mersey with fewer, larger turbines. This marks the init
Kombiverkehr KG starts rail connection between Rotterdam and Germany Kombiverkehr KG is expanding its range of services between Germany and the Netherlands with a new train running between Rotterdam and Köln-Eifeltor. In Rotterdam, the train will terminate at the Rail Service Center (RSC) in Waalhaven. The first train will depart the Dutch city on 12 March and reach Köln-Eifeltor in twelve hours. The new service leaves on Tuesdays, Thursdays and Saturdays in both
Evergreen ship held up in Qingdao after collision One of Evergreen Marine Corporation's ships has been held in China's Qingdao port for investigations after colliding with another vessel. The 2014-built 8,508 TEU Ever Lucid, deployed to the Taiwanese line's Transpacific Northwest Service, reportedly collided with an unnamed Chinese cargo ship around 1 am local time on 14 March. The ship set out from Qingdao just before 10 pm local time on 13 Mar
CFL Cargo launches multi-system locomotives CFL Cargo, a European railway operator, has successfully homologated the first multi-system locomotives for operation between Germany, Luxembourg, and Poland. This achievement enhances international rail traffic and promotes the transition from road to rail transport, which is a more sustainable mode of transportation. These new locomotives, in their final configuration, are groundbreaking in Eur
Hapag-Lloyd announces Mediterranean-South America West Coast service updates German ocean carrier Hapag-Lloyd has announced changes in its Mediterranean-South America West Coast (MSW) service, which will be effective from 20 March. Hapag-Lloyd will introduce the port of Vigo in Spain to the MSW rotation as the initial port of call in the Mediterranean. Through this addition, the Hamburg-based line aims to offer expedited transit times to northern Spain and Portugal market
Wharf Holdings boss concerned with Hong Kong port's waning competitiveness The chairman of Hong Kong logistics and real estate conglomerate Wharf Holdings, Stephen Ng Tin Hoi, said that Hong Kong port is no longer among the world's busiest ports and is not optimistic about the terminal business. Wharf Holdings, which operates container terminals (under the Modern brand name) in Hong Kong and Shenzhen, saw operating profit from the group's logistics business halve year-o
Port of Los Angeles exceeds 780,000 TEUs in February In February, the Port of Los Angeles saw a significant surge in activity, handling 781,434 TEUs, marking a remarkable 60% increase from the same period last year. This continues the trend of consecutive monthly growth, marking the seventh straight month of such volume increase at the busiest port in the United States. The LA port saw a substantial rise in loaded imports, reaching 408,764 TEUs, re
Hapag-Lloyd increases Asia container rates German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase. The updated prices will apply for cargo transported in 20' and 40' dry containers, including high cube equipment, and reefer for sailings commencing on 1 April, as follows: Per container from Far East (in US$) Destination 20' Dry 40' Dry 40' HC
ASCO scores $25m contract extension hat-trick Energy logistics player ASCO has won three contract extensions worth more than $25m in total. The Aberdeen-based group has seen long-standing clients, Centrica Energy Storage, TotalEnergies and BP renew contracts for up to three years each. ASCO has been appointed by BP and TotalEnergies to support each operator across the North East of Scotland leveraging ...
Spanish port scales up floating wind ambitions The Port of A Coruña in Spain has secured a new backer in its ambitions to become a logistic hub for the marshalling, assembly and deployment of floating offshore wind components. German utility RWE has signed up to facilitate the scaling-up of the port capacity in support of Spain's floating wind targets of up to ...
Sulmara wins survey contract for 1 GW Scottish floating wind farm Glasgow-based subsea specialist Sulmara has been awarded a contract for the Stromar floating offshore wind farm in Scotland. Stromar is one of the world's largest proposed floating offshore developments, with a planned capacity of 1 GW. The project off Caithness in northern Scotland, around 50 km east of Wick, is being developed by a joint ...
Sea's new compliance solution to help charterers with sanction risk mitigation Maritime software provider Sea has launched a new compliance solution to help customers navigate the regulatory landscape for freight and avoid sanction breaches. Sea's new Vessel Compliance Management solution enables customers to complete vessel screening and ensures governance, compliance, and the mitigation of risks in chartering processes. In a study conducted by the company this ...
Seacon in for chemical tanker at Wuhu China's Seacon Shipping has moved to further expand its footprint in the tanker segment by adding another chemical carrier newbuilding to its growing orderbook. The Hong Kong-listed diversified owner and operator has signed up for an 18,500 dwt unit at China's Wuhu Shipyard, hot on the heels of orders for a series of similar chemical ...
Exxon will not buy Hess but is considering buying its Guyana stake ExxonMobil CEO Darren Woods has stated that the US supermajor has no intention of buying Hess from under Chevron's nose but rather wants to establish its rights over Hess's Guyana assets. Woods told reporters during the CERAWeek energy conference in Houston that it would not have waited for Chevron to announce its $53bn deal to ...
Ship prang brings operations to a standstill at one of the world's largest manganese mines Operations at a mine in the north of Australia were suspended yesterday after a Cypriot-flagged bulk carrier, buffeted by strong cyclone winds, rammed into a pier. Groote Eylandt Mining Company (GEMCO), jointly owned by South32 and Anglo-American, was forced to stop operations after the 189 m long bulker caused "severe damage" to a pier at ...
Louis Dreyfus Armateurs showcases liquid hydrogen-based SOV concept French family-owned shipowner Louis Dreyfus Armateurs (LDA) has revealed a new offshore wind service operation vessel (SOV) capable of running on liquid hydrogen. The so-called liquid-H2 SOV, currently in the concept design phase, is being developed in partnership with Salt Ship Design as well as equipment suppliers, class and flag authorities and fuel providers. The ...
New Dayang wins ultramax orders Chinese builder New Dayang has secured orders for ultramax bulk carrier newbuildings from China Construction Bank (CCB) Financial Leasing. The deal covers two firm vessels of the Crown 63 Plus design which will be operated by Bohai Shipping (Hebei) after delivery, starting in late 2026. The shipbuilding arm of state-run machinery manufacturer Sumec Group based ...
CMB on home straight with Euronav stake now above 88% Following the closing of the Euronav takeover bid, the Saverys family-controlled Compagnie Maritime Belge (CMB) effectively controls 88.61% of the Belgian tanker giant. The acceptance period of the mandatory public takeover bid for all Euronav shares not already owned by CMB or its affiliates expired on March 15, 2024. During the acceptance period, over 69.2m ...
Containerised hydrogen fuel cell and battery solution gives shipping new options Project partners Port of Gothenburg, Skanska, PowerCell Group, Hitachi Energy, Linde Gas, Volvo Group and Skagerak Energy have conducted a joint field test to demonstrate the latest innovation in hydrogen-electric power infrastructure: the containerised Hyflex solution. The product is a flexible container solution that can be used in a wide range of applications for emission-free ...
Red Sea salvage ops not possible: IMO Salvors will not come to clean up the mess left by Houthi attacks until the situation in the Red Sea calms down, shipping's top regulator said yesterday. Speaking at a press conference in London at the opening of the 81st session of the Marine Environment Protection Committee (MEPC), Arsenio Dominguez, secretary-general of the International Maritime ...
New British wind propulsion tech readies for market The UK is leading many of the world's wind propulsion efforts in shipping with new tech coming to market. Bristol-based maritime engineering start-up WingTek, in collaboration with the National Composites Centre and the University of Bristol, has just won a £2.2m ($2.8m) innovation grant to develop the WingTek Wingsail (pictured above), something its backers claim ...
Tusiani: 'timing and luck' were the secret of my success Poten & Partner's chairman emeritus Michael D Tusiani ushered in as new CMA Commodore in acknowledgement of his stellar career...
ECA loophole letting ships dodge NOx pollution limits, IMO told IMO rules meant to protect fragile environments and coastal peoples from shipping pollution in the Arctic are being undermined. Green...
'Irresistible call' for renewal of tanker fleet, says BRS The difficulties for 'grey' tankers to return to normal trading will create an irresistible call for the renewal of the...
Human element integral in the age of AI Shipping's reputation as an analogue industry is unjustified; companies have been investing in artificial intelligence for years, with mixed results...
West launches two new specialist claims teams Charterers' cover becoming an increasingly important aspect of club's activities, says marine mutual
Barter deals in ports could fall foul of local law, Gard warns The problem is particularly acute in Togo, where a recent exchange for 20 kg of shrimp landed both a ship's...
Norwegian digital sector eyes Greek shipping market Oslo-supported innovation summit in Athens aimed to encourage interaction with major owners' market
Surge of secondhand capesize deals triggered by 14-year peak in earnings Greek owners identified as leading buyers with one-third of capesize purchases this year, as well as ranking first alongside Chinese...
Minsheng Financial Leasing gains approval for Hong Kong shipping subsidiary Minsheng Bank-controlled lessor will invest $400m in the wholly owned subsidiary
Maersk extends Haiphong co-operation deal Vietnam is seen as a high growth market by Maersk, which is extending its agreement with Hateco to help develop...
Seafarer unions mark second anniversary of P&O Ferries sackings Britain needs mandatory seafarers' charter to spark 'ratings revival', Mick Lynch says
Ports not ready to process captured carbon from shipping Capturing carbon is the easy part; getting if off ships and through terminals safely is proving to be a bottleneck
Gabon, UAE, Mauritius offer regulatory safe haven to sanctioned dark fleet operator Hennesea Holdings The latest regulatory arbitrage play by Hennesea Holdings' anonymous owner sees Gabon, UAE and Mauritius providing marine services for remaining...
MOL and partners to develop e-fuels supply chain with domestic CO2 capture MOL will be charged with the marine transportation of CO2 and e-fuels, connecting Japan and overseas production plants
Rise of dark fleet capping growth of P&I clubs, says Roppestad 'We are seeing lower growth in tonnage, not because we are getting less business in, but because some part of...
CCB Leasing orders Sumec ultramax pair backed by Bohai Ocean charters A pair of firm 64,000 dwt conventional-fuel dry bulkers were placed at Sumec's subsidiary New Dayang Shipbuilding, with more to...
Daily Briefing IMO resumes efforts on carbon pricing tools | Red Sea tensions on display at IMO meeting | Bunker demand faces...
Seacon expands fleet with chemical tanker order Deal comes after Seacon ordered another four chemical tankers of the same size and four MR tankers in China last...
Regulators must take slower approach to mandating green trucks: trade groups Members of the Clean Freight Coalition say they aren't opposed to converting from diesel to electric vehicles, but argue that regulators are pushing timelines that are too aggressive and will cause supply chain disruptions and higher prices.
BNSF, UP working through rail container backlogs in Southern California The railroads say they are deploying more intermodal railcars to Los Angeles-Long Beach and adjusting their operations so marine terminals can clear out rail containers and reduce dwell times following strong import volumes early this year.
THE Alliance restores two trans-Pacific services as Asia imports jump US imports from Asia last month were up 40% over February 2023, the biggest year-on-year jump for any month since May 2021.
Seafarer unions declare Red Sea, Gulf of Aden 'warlike' no-go areas The deaths of three bulk carrier crew in early March has spurred an international body representing seafarers to downgrade the busy shipping lanes from "high risk" to "warlike" and has urged all carriers to avoid sailing through the region.
Harry Vafias spinoff C3is raises $6m in face of Nasdaq de-listing threat Deal created 120m new shares and caused penny stock to plunge further
ExxonMobil charters Yasa suezmax for three years at hefty rate Big oil players continue tying large crude carriers on lucrative, long-term employment
Has JP Morgan snapped up more Swire Bulk ships? US bank reported to have continued dry bulk acquisition campaign
Houthis target Greek-owned VLGC in latest Gulf of Aden missile strike Missile landed just 200m from the ship, maritime forces reported
Norwegian safety regulators argue Viking Sky should have never sailed prior to 2019 drama Even before it lost power, cruise ship was missing one of its generators
Lack of port infrastructure risks stunting growth of carbon capture technology Global Centre for Maritime Decarbonisation report highlights work needed to make onboard carbon capture technology feasible
Torvald Klaveness boasts ample investment firepower after 'historic' 2023 result Norwegian group profiting from strength in tanker and bulker markets
Ardmore Shipping taps AI to optimise its tramp trades Irish owner has been trialling an AI system over the past year
Liner giant MSC gobbles up container ships from NSB in latest secondhand swoop Gianluigi Aponte-owned company has poached six 6,000-teu vessels from the fleet of German company
Ardmore taps AI to optimise its tramp trades Irish owner has been trialling an AI system over the past year
Capital markets key to Alexander Saverys' ammonia and hydrogen vision for transforming Euronav But Fredriksen deal leaves shipowner with plenty of cash to pay for newbuildings
Ukrainian shipowner strikes series of deals to get grain out of war zone Shipping company eyeing river cooperation in Serbia and Austria after Hungarian agreement
Peter Dohle and Foroohari snap up container ships from Evangelos Marinakis stable German buyers are moving back into secondhand boxship markets
Japanese shipping giant MOL to push e-methanol supply chain Partners assess export of Japanese CO2 to produce green methanol for re-import
Seacon takes tanker order spend to $340m in a month with latest deal Chinese owner continues product carrier spree, this time at Wuhu Shipyard
CMA CGM ports chief hired to lead French shipowners' association Incoming delegate general has extensive experience in ports sector
Even 'inferior' bulkers selling for firm prices in hot market, says Seanergy boss Stamatis Tsantanis Greek boss sees strong interest in capesizes in secondhand market
Shipping insurer-backed Ceto launches AI emissions management platform CarbonID service will help owners track and control carbon output, company says
Louis Dreyfus joins zero-emission hydrogen race with wind farm ship French owner teams with Salt Ship Design on innovative vessel
Fewer claims help Gard record one of its best-ever years Norwegian insurer says low claims and high-performing investments makes it stronger than ever
Ukrainian shipowner strikes series of deals to get grain out of warzone Shipping company eyeing river cooperation in Serbia and Austria after Hungarian agreement
WaveCrest Energy makes fresh move to set up UK LNG import facility CEO Rob Bryngelson revives Teesside regasification port plan but on a new site as company prepares to auction capacity
John Fredriksen buys debt-stricken Equinor offices outside Oslo for less than a dime Billionaire agrees to refinance holding company in exchange for NOK 1
Tufton Oceanic plots big handout to shareholders as profit soars Special dividend could see fund dole out 10% of its net asset value
Lack of port infrastructure risks stunting growth of carbon capture technology Global Centre for Maritime Decarbonisation report highlights work needed to make onboard carbon capture technology feasible
Greek bulker driven aground as cyclone batters northern Australia No reports of pollution or casualties among ship's crew
International Seaways selling product tanker at a premium price, brokers say New York-listed tanker owner gets anywhere from $23.7m to $25m for 15-year-old ship
Hunter ahead by $13,100 per day after fixing second VLCC back to its owner Company still looking for more opportunities in strong tanker markets
Benchmark supramax bulker price set as Japan's San-E Maritime sells last ship Japanese tonnage provider benefits from a rising market to stage shipowning exit
New Dayang inks ultramax bulkers with Chinese leasing company CCB FL Shipping newcomer Bohai Shipping Hebei to operate bulkers
Benchmark supramax price set as Japan's San-E Maritime sells last bulker Japanese tonnage provider benefits from a rising market to stage shipowning exit
Precious Shipping taps Export-Import Bank of Thailand for new loan Thai shipowner puts up two 10-year-old supramax bulkers as collateral for latest finance deal
Port of New Orleans' container-on-barge service has record year In 2023, the Port of New Orleans achieved a record-breaking year for its container-on-barge service, emphasizing its commitment to reducing emissions.
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