Maersk, Nike to christen historic, green-fuelled container vessel at LA port Maersk invites the public to come aboard a container ship of the future when one of the world's first methanol-enabled vessels arrives in Los Angeles this August. Powered by green fuel for its maiden voyage and capable of carrying more than 16,000 TEUs, the vessel will get its new name at a private ceremony at the Port of Los Angeles Outer Harbor on 27 August. Maersk's CEO Vincent Clerc will be o
Training As A Sailor: What Skills Do You Need To Become A Captain Hey, you want to be a ship captain, right? Being able to sail the high seas, feel the wind in your hair, and shout "Ahoy, matey!" all the time? Well, it's not all about how glamorous life at sea is. To become a ship leader, you need a special set of skills, a lot of hard work, and a lot of determination. Let's look at the most important skills you'll need to start this exciting job path. Learning
Rates still climbing, but could early peak season start mean early end too? Ocean rates out of Asia were stable last week but have already started climbing on mid-month Peak Season Surcharge increases this week as demand remains strong and Red Sea-driven congestion persists in both the Western Mediterranean and the Far East. Strong demand and high spot rates have some long-haul carriers adding transpacific and Asia-Europe services. Smaller regional carriers are also ente
GEODIS Denmark switches to 100% renewable electricity In January of this year, GEODIS committed to the Science Based Targets Initiative. GEODIS' global objectives include reducing scope 1 and 2 CO2 emissions by 42% and decreasing the carbon intensity of subcontracted transport (scope 3) by 2030 compared to 2022. GEODIS Denmark has taken a significant first step on this reduction journey by switching to 100% renewable energy as of January 2024. "When
Mitsubishi Shipbuilding to build Japan's first methanol-powered RoRo ships Mitsubishi Shipbuilding, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has received orders from Toyofuji Shipping (Aichi Prefecture) and Fukuju Shipping (Shizuoka Prefecture) for Japan's first methanol-fueled roll-on/roll-off (RoRo) cargo ships. These vessels will be constructed at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with completion
Saudi Global Ports boosts capacity with new quay and RTG cranes Saudi Global Ports (SGP) has received three Quay Cranes (QC) with automation capabilities and three Hybrid Automated Rubber Tyre Gantry Cranes (RTGs) at King Abdulaziz Port Dammam (KAPD). This new equipment will increase SGP's capacity from 2.5 million to 3.2 million TEUs, augmenting their current fleet of 15 QCs and 47 RTGs. The new QCs feature a minimum outreach of 25 rows, with the potential f
NWSA reports container volume increase The Northwest Seaport Alliance (NWSA) announced that the total volume has risen by 8.2% since the start of the year, reaching 1,235,446 TEUs, compared to the same period last year. Full imports have seen a 12.5% increase, while full exports have grown by 20.8%. Year-to-date through May 2024, NWSA's total international imports amounted to 493,536 TEUs, comprising 455,427 TEUs of full containers an
Houthi missiles claim second ship A bulk carrier has sunk in the Red Sea a week after being hit by a Houthi missile. The UK Maritime Trade Operations (UKMTO) said on 18 June that Tutor, a 2022-built Kamsarmax vessel owned by Evalend Shipping, is believed to have sunk. UKMTO said, "Military authorities report maritime debris and oil sighted in the last reported location." The ship was hit 66 nautical miles southwest of Al Hudaydah
Container dwell times remain steady at San Pedro Bay Ports Average dwell times for containers through the San Pedro Bay Ports of Los Angeles and Long Beach during May 2024 remained steady when compared to April 2024 for containers moved by truck and increased for containers moved by rail, according to the latest data from the Pacific Merchant Shipping Association (PMSA). Containers imported to the San Pedro Bay Port Complex, and destined for local delive
Port of Aberdeen advances as UK's smartest port with investment of over US$1 million North, a provider of smart integrated solutions, has been awarded contracts to the value of GB£1 million (US$1.3 million) by the Port of Aberdeen to enhance the safety, connectivity and sustainability of Scotland's largest berthing port. The contract encompasses the upgrade and expansion of the port's closed-circuit television (CCTV) and security systems, as well as the deployment of private 5G,
Singapore's Transport Minister: Boxship queues in Singapore unrelated to oil spill Singapore's Transport Minister has asserted that port congestion is not to blame for the serious oil spill that occurred after an allision between a dredger and a bunker tanker. In a Facebook post on 18 June, four days after the accident, the minister, Chee Hong Tat, said: "Investigations are still ongoing, but preliminary findings show that the allision on 14 June was caused by the dredger exper
Tecon Santos receives inaugural call of long-haul service Tecon Santos, one of the largest and most efficient container terminals in Latin America, operated by Santos Brasil in the port of Santos, Brazil, received the inaugural port call of a new long-haul service on 13 June. This service features the largest container vessels that will regularly arrive on the East Coast of South America. In partnership with CMA CGM and Cosco, Tecon Santos will receive
HMM introduces new rate increase from India to Mediterranean HMM India has announced a new General Rate Increase for shipments from India to North Continental Port and Mediterranean ports. The Indian branch of the South Korean container transportation and shipping company said that effective from 28 June 2024, for loading on the FIM (Far East India Mediterranean) Service Vessel, Hyundai Tokyo 0152W, there will be a charge of US$600 per container. If you li
HMM relocates and expands Global Service Center in Mumbai HMM has successfully operated two Global Documentation Centers (GDCs), with one located in Chengdu, China, covering the China area, and the other in Mumbai, India, serving non-China areas. To better meet the diverse needs of our customers, HMM is pleased to announce that starting in June 2024, the GDC in Mumbai will be transformed into the Global Service Center (GSC). The newly established GSC wi
Boluda Towage enhances its fleet in Gibraltar Boluda Towage said it will have a fleet of five tugboats in Gibraltar, enhancing its service and intervention capacity in the strait. The recent renaming ceremony for the new tugboat "VB Responder" was held at the Small Boats Marina in the port of Gibraltar, enhancing the current fleet of Boluda Towage in the Strait of Gibraltar. The event was attended by the chief minister, Fabian Picardo KC MP,
Maersk announces fresh PSS implementation worldwide Maersk will adjust the Peak Season Surcharge (PSS) for shipments from Oceania to several destinations worldwide from 1 July 2024. This adjustment applies to dry containers destined for India, Bangladesh, Pakistan, Nepal, Sri Lanka, South Africa, Mauritius, Madagascar, Reunion, Seychelles, Mozambique, United Arab Emirates, Saudi Arabia, Oman, Jordan, Kuwait, Qatar, Bahrain, Iraq, and Djibouti. For
DEME and Hellenic Cables tie-up awarded contract on world's first artificial energy island A consortium of Belgian shipowner and marine services contractor DEME and Greece's Hellenic Cables, the cables segment of Cenergy Holdings, has sealed a deal to supply and install the high-voltage subsea cables for the Princess Elisabeth Island in the Belgian North Sea. The Princess Elisabeth Island, developed by grid operator Elia, will be the world's ...
Norway allocates $112m to hydrogen and ammonia ships Norwegian government enterprise promoting green energy initiatives Enova has unveiled its largest-ever funding allocation within the shipping sector, aimed at establishing the first functioning value chains for ammonia and hydrogen. The award totaling NOK1.2bn ($112.3m) has been spread between six shipping companies: Höegh Autoliners and Amon Maritime for ammonia-powered vessels and Maris Fiducia
China's real estate woes persist China's persistent problems with its real estate sector - a key driver of business for dry bulk owners - shows little sign of being resolved despite Beijing's property-focused stimulus measures last month. Prices of new homes in China suffered their biggest fall in nearly a decade last month. Prices in 70 major cities were down ...
Eastern Pacific signs for up to a dozen car carrier newbuilds Idan Ofer's Eastern Pacific Shipping (EPS) has added to its massive orderbook with a fresh deal for up to 12 car carrier newbuilds in China. The Singapore-based diversified shipowner, with around 80 newbuilding projects, has contracted for up to eight 5,500 ceu vessels at Fujian Mawei Shipbuilding and up to four at China Merchants Jinling ...
Hayfin grows cape fleet UK alternative investment platform Hayfin Capital Management has continued to raise its bets on the larger bulker segment with another capesize snapped up from Greek owners. Following the acquisition of the 2009-built Corinthian Phoenix from Greece's Phoenix Energy Navigation at about $30m, Hayfin has now acquired the 14-year-old 180,000 dwt Nymphe from Neda Maritime for ...
Africa's mining sector a land of promise for shipping and logistics investors Captain Pappu Sastry, CEO of Adhira Shipping and Logistics, on why shipping should be optimistic about greater business opportunities out of Africa. Amid the geopolitical turmoil impacting shipping and logistics worldwide, Africa is emerging as a land of promise for smart investors particularly in the mining sector. There is rapid expansion in the development ...
Woodside hires DeepOcean for IMR work on Sangomar field off Senegal Woodside Energy has awarded ocean services provider DeepOcean frame agreements to provide subsea inspection, maintenance, and repair (IMR) services for the Sangomar field offshore Senegal. The Sangomar Field Development Phase 1 features the Léopold Sédar Senghor FPSO, named after the first president of Senegal, which is moored approximately 100 km south of Dakar. The oil ...
Norwegian sovereign wealth fund buys stake in Race Bank offshore wind farm Funds managed by Macquarie Asset Management and Spring Infrastructure Capital have opted to divest a 37.5% stake in the Race Bank offshore wind farm to Norges Bank Investment Management. The stake in the 573 MW offshore wind farm, located some 27 km off the Norfolk Coast, was sold to the manager of Norway's Sovereign Wealth ...
Euroseas fixes one more feeder newbuild Nasdaq-listed Greek boxship owner Euroseas has entered a time charter contract for a newbuilding feeder boxship currently under construction. Euroseas won a charter for the 1,800 teu Pepi Star for a minimum period of 23 to a maximum period of 25 months at the charterer's discretion, at a gross daily rate of $24,500. The new ...
Paratus Energy eyes Oslo listing John Fredriksen-backed Paratus Energy Services is set to launch a private placement of new shares and list them for trading on Euronext Growth Oslo. The company, formerly Seadrill New Finance, owns five jackup drilling rigs via Fontis, previously known as SeaMex, a 50% stake in Seabras joint venture with Sapura, which has a fleet of ...
Evalend kamsarmax sinks in the Red Sea The Tutor, a Greek-owned kamsarmax, has become the second constructive total loss from the seven-month campaign by the Houthis to disrupt merchant shipping in the Middle East. The vessel sustained damage and water ingress in the engine room last Wednesday when it was hit by a sea drone with one seafarer dying in the attack. ...
Oldendorff seals high price for ultramax pair Bulker prices are in the spotlight as German powerhouse Oldendorff Carriers tests the market. Broker reports close to the cash-rich account note that two Japanese-built, 60,900 dwt scrubber-fitted ultramaxes, Alwine Oldendorff and August Oldendorff (built 2014, 2015), have been sold to undisclosed Asian buyers for $61m. This marks the first modern Japanese ultramaxes sold for ...
Piracy incidents on the rise in Bangladesh The ReCAAP Information Sharing Centre has warned that emerging Asian export powerhouse Bangladesh is suffering from increased piracy incidents. The report notes that there have been nine piracy incidents in the first five months of the year, compared to just one in the same period in 2023. The report advised shipping when at anchor or ...
US truck tonnage rose in May, but freight demand remains uncertain Despite a 7.1% unadjusted month-to-month increase in mostly contractual truck tonnage, more data is needed before the American Trucking Associations will call it a "recovery."
Video shows armed guards watching as exploding drone boat approaches bulker Tutor Houthi footage appears to show second blast that may have taken place after crew was evacuated from ship
'Competition was fierce': Norway's Enova opens wallet for ammonia and hydrogen shipping Norwegian climate fund manager spends more than $100m in its largest outlay in the maritime transport sector
Panama Canal Authority appoints Cargill executive as first woman on advisory board Panel also now includes South Korean professor with infrastructure background
What's next for Dietze after disgruntled ex-partner withdraws $1.4m lawsuit? US tanker brokerage has been mentioned as target amid consolidation wave
Greek government rolls out whale detection technology to reduce ship strikes SAvE Whales to use hydrophones and vessel tracking data to pinpoint collision risks
Vitol closes in on near $300m tanker newbuilding quartet in China Company joins crush on berth space as moves to modernise and grows its fleet
Dutch owner Maris Fiducia wins $28m funding to build five 'zero-emission' hydrogen powered ships Vessels to have hydrogen-powered engines and additional fuel cell auxiliary systems
Hoegh Autoliners banks extra $10m from Norway for ammonia newbuildings Norwegian owner bringing down the cost of its new green fleet
Vital shipping artery partly blocked for eight hours by forest fires Ship traffic halted on and off, in one direction, on Tuesday and Wednesday
Color Group spends $38m to take full control of ferry from parent ON Sunde Norwegian group wants to ensure efficient investments in the ship's emission reductions
Andrianopoulos family accelerates tanker comeback with four-ship newbuilding deal Greek owner Cape Shipping has inked new tankers at two different Chinese shipyards
Altera to fight Norwegian police in court over 'illegal' ship scrapping fine Shipowner rejects accusation vessels were exported from Norway as waste
Houthi rebels sink second ship in unrelenting Red Sea campaign Adrift ship believed to have sunk after strike from Yemen
Longship taps Nordic bond market for €40m in debut issue Transaction was significantly oversubscribed, broker says
Deadly militant attacks and border dispute shut Niger-Benin pipeline weeks after first tanker export Niger rebels want crude deal with China's CNPC scrapped
Liner giants respond as Asia-US spot rates climb by up to 15% in a single week More liner operators carriers pile into the transpacific trade as freight rates soar
Four directors quit as Vitol seals $1.8bn takeover of Italian refiner and charterer Trader moves four of its own nominees onto board of Saras
Japan's first methanol-fuelled ro-ro ships ordered at Mitsubishi Shipbuilding Shipbuilding group says new vessels will be completed in 2027
'Attacks must stop now': Shipping demands states step in and fix deadly Red Sea crisis Fourteen organisations call on countries with influence to help end attacks in the Red Sea and Gulf of Aden
BRS: 'Large wave of tanker scrapping required over the next three to four years' Just two ships were scrapped to the end of May as demand remains high
Italy arrests Russian businessman over flight of oil smuggling suspect US has offered a $7m reward for information leading to the arrest of Artem Uss
American dream: How a $1bn value and large free cash flows have helped BW LPG shine stateside Boss Kristian Sorensen opens up on BW LPG's 'great journey' across the Atlantic
Altera to fight Norwegian police in court over 'illegal' ship scrapping fine Shipowner rejects accusation vessels were exported from Norway as waste
Analysts weigh up potential profit dip at active asset player Tsakos Energy Navigation Fearnley Securities says company is still a 'buy' as modern fleet is expanded
International Seaways seeks to shave 5% off fuel bill with retrofit of older product tankers Owner is using Wartsila propulsion technology on four veteran vessels
John Fredriksen's offshore venture Paratus Energy seeks Oslo listing Vessel owner aims to return significant capital to shareholders
Vital shipping artery partly blocked by raging forest fires Ship traffic halted on and off, in one direction, since late Tuesday
'Forgotten by the world': Crew of ship seized to spark Red Sea crisis still held by Houthi rebels The 25-strong crew has been held for seven months since boarding by armed Houthi forces
Euroseas cashes in on fresh container boom with newbuilding deal Greek owner says feeder ship Pepi Star will earn $24,250 per day on delivery
Pirates tie up crew in bulker engine room off Singapore Knives becoming weapon of choice in latest round of attacks
Euroseas wins 10% higher rate for second newbuilding as container sector prospers Greek owner says feeder ship Pepi Star will earn $24,250 per day on delivery
Centrofin tanker ships first ever Nigerian Nembe crude cargo within Africa Suezmax load could be destined for Glencore's resurrected Cape Town refinery
European Maritime Finance to raise $500m in new fund as it prepares to go global Danish shipping investor holds $2.14bn fleet and is set on 'dramatic increase'
Diana Shipping prices $150m offering in bond refinancing Greek bulker owner will apply for listing of bonds in Oslo
Court gives former superliner United States the heave-ho from Philadelphia dock Ruling raises question of whether long-laid-up Atlantic speedster will be able to avoid the scrapyard yet again
Congestion played no part in Singapore collision, says transport minister PSA Marine confirms one of its pilots was onboard the dredger at the time of the incident, but was not steering the vessel
Trading giant Vitol closes in on near $300m tanker newbuilding quartet in China Company joins crush on berth space as moves to modernise and grows its fleet
Hong Kong investigates Atlas Air emergency landing, 8-hour runway closure A Nippon Cargo Airlines 747-400 freighter operated by Atlas Air experienced a tire and landing gear failure at Hong Kong airport, blocking a runway for eight hours.
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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