BRIX Marine delivers new megayacht tender T/T Kismet Superyachts deserve super tenders and the latest megayacht tender delivered by Port Angeles, Wash.-based BRIX Marine, the T/T Kismet has been designed for the tender garage on the 122-meter Kismet, recently completed
U.K. MAIB reports on deadly capsize of tug Biter The U.K. Marine Accident Investigation Branch (MAIB) has now published its accident investigation report into the girting [girding] and capsize of the tug Biter off Greenock, Scotland on February 2023. Biter was
ABS: Safety must be proactive and systems based "Safety is more than just compliance. It is now synonymous with security, reliability, collective relationships and people. Safety is also becoming systems based rather than rooted in prescriptive rules or specific component
Navigating the Future: Small Unmanned Container Ships In the ever-evolving landscape of global trade, a revolutionary trend is taking shape that promises to redefine maritime logistics: small unmanned ships designed to carry single containers. This emerging technology stands in stark contrast to the traditional behemoths that have dominated shipping lanes for decades. As the global trade dynamics continue to shift, small unmanned container ships cou
Towngas, CPN ink green methanol deal to promote Hong Kong as green port The Hong Kong and China Gas Company Limited (Towngas) and China Gas Yuanbang Petrochemical (China Gas Yuanbang) have signed a memorandum of cooperation to establish a long-term partnership. The collaboration aims to develop both local and international markets for green methanol as a shipping fuel, supporting the maritime industry's green transformation. Under the agreement, Towngas will supply s
CMA CGM to introduce congestion surcharge in Mauritius In light of the current situation in Mauritius, CMA CGM has informed its customers about the implementation of a port congestion surcharge (PCS). This surcharge will take effect on 15 December 2024 and remain in place until further notice. The French ocean carrier said the PCS will apply to all dry and reefer cargo destined for Port Louis in Mauritius. The surcharge will be approximately US$200 p
AAL celebrates milestone in super B-Class fleet expansion AAL Shipping (AAL), a provider in the project heavy-lift carrier sector, has celebrated the official naming of AAL Antwerp, the fourth vessel in its pioneering eight-ship, third-generation Super B-Class fleet. This milestone marks the halfway point of AAL's ambitious fleet expansion program and aligns with its commitment to delivering sustainable, high-capacity shipping solutions tailored to the
Dark Anniversary: Red Sea Crisis and its Ongoing Impact on Global Trade The 19th of November marks the first "anniversary" of the Red Sea crisis, which began on the same date in 2023. 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 .
1,000 Days of Conflict: The impact of the Russia-Ukraine war on global maritime trade Today (19 November) marks the 1,000th day since the onset of Russia's full-scale invasion of Ukraine, a conflict that has reshaped global seaborne trades. 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 .
MSC increases rates from Far East to Mediterranean and Black Sea MSC has announced new freight rates from all Far East ports (including, but not limited to, ports in Japan, Korea, and Southeast Asia) to Mediterranean ports (including West Med, East Med, Adriatic, and North Africa) as well as Black Sea ports. The following Freight All Kinds (FAK) rates will be effective from 1 December until further notice, but not beyond 14 December. Port of loading Port of di
Seaspan Energy, the first accredited LNG bunkering supplier at Vancouver Port The Vancouver Fraser Port Authority has granted its first liquefied natural gas (LNG) bunkering accreditation, allowing Seaspan Energy, based in North Vancouver, to refuel select ships calling at the Port of Vancouver with LNG. This milestone follows a comprehensive multi-year evaluation process that adhered to international best practices for safety, including the Society for Gas as a Marine Fue
NWSA handles over 270,000 TEUs in October Northwest Seaport Alliance (NWSA) reported its international container volumes increased by 1.7% in October compared to the same month last year. Full international imports grew significantly, rising 6.9%-marking the eighth consecutive month of growth. However, full international exports dropped sharply by 13.4%. Total container volume, including both international and domestic, reached 273,355 T
Taiwanese box lines to work with TIPC to develop methanol storage in Kaohsiung 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 .
Legal Risks: How to Avoid Liability for Accidents in Transit Accidents during transit can pose significant legal challenges for businesses and individuals alike. Identifying potential legal risks beforehand is crucial, so we recommend you mitigate liability risks with expert legal advice . By understanding these risks and taking proactive steps, it is possible to significantly reduce the likelihood of facing legal claims related to transit accidents. Minim
CMA CGM announces Panama Canal surcharges in response to higher fees To support large infrastructure investments and enhance transit certainty and flexibility, the Panama Canal Authority will implement a new prepaid slot allocation (LoTSA) for Neopanamax vessels starting January 2025, along with an increase in their booking fees. In response to these additional costs and to continue providing reliable services through the Panama Canal, CMA CGM said it will introdu
EU and UK impose new sanctions on Iran, including IRISL The European Union (EU) and the United Kingdom (UK) have imposed new sanctions on several Iranian entities and individuals, including the Islamic Republic of Iran Shipping Lines (IRISL). EU said the sanctions are a response to Iran's human rights abuses, nuclear proliferation activities and military support for Russia's war of aggression against Ukraine. "The EU has repeatedly condemned serious h
Shipbuilding Industry: Eurasian block outpaces Western productivity The shipbuilding industry displays diverse trends across various regions, influenced by a mix of geopolitical, economic, and strategic factors. According to data from Xclusiv Shipbrokers, Chinese shipyards saw a 17% year-on-year increase in new orders for bulk carriers, tankers, gas carriers, and container ships in the first ten months of the year. Chinese shipyards lead in the container and bulk
CMA CGM implements congestion surcharge in Canadian ports Due to the current strike disruptions in Canada's East Coast ports, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS). This surcharge will be effective from 23 November 2024 (based on the loading date) and will remain in place until further notice. It will apply to cargo shipped from North Europe, including North France, the United Kingdom, Ireland, Scandinavia, Poland
Is Trump dead set on protectionism? Andrew Craig-Bennett muses on what the imminent swearing in of the 47th president of the United States means for international merchant shipping. The Old Man said, "I mean to hang on Till her canvas busts or her sticks are all gone..." Which the darned fool did, till at last Overboard went her mizzen mast. John ...
Angad Banga identifies Hong Kong's maritime needs The local shipowner association in Hong Kong has been in regular dialogue with government to foster better maritime conditions. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Angad Banga is mid-way through a two-year tenure as chairman of the Hong Kong Shipowners Association (HKSOA), at which point he ...
CDB Leasing offloads kamsarmax trio at auction CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction. Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m. VesselsValues estimates the ships between 81,300 dwt and 81,600 dwt to be ...
Keppel takes control of 13 legacy rigs amid hot offshore market conditions Singapore conglomerate Keppel has taken control of the 13 legacy rigs held by Rigco Holding at a time of improved conditions in the offshore rig market. Keppel currently holds a 10% equity stake in Rigco, S$139m ($103.8m) in perpetual securities and approximately S$4.3bn ($3.2bn) in vendor notes. Rigco will undertake a selective capital reduction exercise, ...
Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong). Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for 2027, while the optional duo would join the fleet ...
Green Era Shipping orders dozen bulkers from China Chinese shipbuilder Fujian Lixin Ship Engineering has signed a contract with Istanbul-based Green Era Shipping for the construction of 12 bulk carriers. The contract, signed during the China Maritime Equipment Expo 2024, consists of orders for six 4,300 dwt and six 5,300 dwt bulkers. Financial details of the deal were not revealed. Lixin Ship was ...
Seapeak snaps up Navigare Capital's LNG carrier Stonepeak's gas ship owner and operator, Seapeak, has added to its LNG fleet via a $213m deal with Copenhagen-based alternative investment fund manager Navigare Capital Partners. The company said in its earnings release it had snapped up 100% interest in the 2021-built, 174,000 cu m Marvel Swan. The deal included the existing charter ending in ...
Shipping reflects on a year of Red Sea chaos and 1,000 days of war in Ukraine Today is the one-year anniversary of the start of Red Sea crisis as well as being the 1,000th day since the start of Russia's full-scale invasion of Ukraine - two events that have been seismic for shipping. On November 19 last year, Houthi militants stormed the Bahamas-flagged Galaxy Leader, taking the car carrier and its ...
Massachusetts bill extends offshore wind contracts to 30 years The US state of Massachusetts has passed sweeping new climate legislation to accelerate progress towards the state's goals of net zero greenhouse gas emissions by 2050 and improve offshore wind permitting. The bill consolidates reviews of clean energy siting and permitting. This will speed the pace of planning, constructing, and bringing clean energy infrastructure online ...
Taiwan Navigation signs for Oshima ultramax newbuilds Taiwan Navigation has returned to Japan to a familiar yard for its latest fleet expansion. The company has ordered a pair of ultramax bulk carriers at Oshima Shipbuilding for delivery in 2028. The 64,000 dwt units are costing around $39m each, Taiwan Navigation, which this year took delivery of Oshima-built ultramax Tai Sentry (pictured) ordered ...
New York Shipping Exchange to launch container indices next year The New York Shipping Exchange (NYSHEX) has received investment from Intercontinental Exchange (ICE) and will proceed with plans to launch its own series of container freight indices next year. Gordon Downes, CEO and co-founder of NYSHEX, said the new set of indices will be based on actual cargo moving rates, with ICE serving as the ...
Allseas sheds 48-year-old pipelay barge for repurposing Swiss-based marine construction specialist Allseas has sold the shallow-water pipelay barge Tog Mor, which ran aground earlier this year, for repurposing. Allseas is selling the barge after more than 20 years of service. The vessel was built in 1976 as a heavy-duty floating derrick and purchased by Allseas in 1997. It was then converted for ...
BW LNG sells one VLGC, declares option to buy another VLGC owner BW LPG Limited has sold the 2007-built BW Cedar and exercised a purchase option for the 2019-built BW Kizoku. BW LPG's 52% owned subsidiary BW LPG India sold the 82,260 cu m BW Cedar as part of a planned fleet renewal. On a 100% basis, the sale is priced at approximately $65m and ...
Ruby back in the headlines as it offloads some of its controversial cargo into the North Sea The Ruby, a controversial Russia-linked bulk carrier, is back in the headlines again. The pariah ship has been in and out of the news over the past couple of months after it suffered damage when encountering bad weather off the far north of Norway, while carrying a cargo of potentially explosive ammonium nitrate. After many ...
Port of Tallinn positions itself as a green fuels provider With the Baltic becoming one of the world's most advanced regions for multiple alternative fuels, a country on its eastern flank is trying to position itself as the green bunker supplier of the future. State-run Port of Tallinn has announced Jetgas will construct a liquefied methane terminal with up to five tanks at the Port ...
EU and UK issue sanctions against IRISL The UK and the European Union have targeted Islamic Republic of Iran Shipping Lines(IRISL) in their latest round of sanctions. The Iranian containerline and its CEO, Mohammadreza Modarres Khiabani, have been sanctioned over the company's ongoing military support to Russia's war against Ukraine and to armed groups and entities in the Middle East and the ...
Wallenius Wilhelmsen debuts multi-fuel BAF Norway's Wallenius Wilhelmsen is launching a re-engineered bunker adjustment factor (BAF). Called BAF2.0, the car carrier firm claims it will increase transparency of fuel costs, fuel consumption and emissions. BAF2.0 will work as before capturing fuel price fluctuations, but now including a future fuel mix. Wallenius Wilhelmsen's fuel mix will gradually phase out fossil fuels ...
Geneva Dry Dialogues: Precious Shipping Making predictions in shipping is akin to chewing glass says Khalid Hashim, managing director of Thailand's largest dry bulk owner, Precious Shipping. "Only the insane would do that," he says, stressing: "Predictions in shipping are always wrong." Nevertheless, when pressed to give his take on where the dry bulk markets will be come the end ...
Hong Kong's role in global ship finance The city has plenty of core strengths when it comes to providing capital to shipping. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Hong Kong has a long tradition of providing shipping finance and progress has recently been made to attract new owners, leasing companies and managers to ...
US port strike timing could collide with Trump presidential transition Dockworkers at US east and Gulf coast ports could go on strike again on January 16, five days before Donald...
BW LPG renews fleet with $135m worth of deals in 'firm' S&P market BW LPG is renewing its fleet with a $65m sale of an older VLGC and a $69.8m purchase of newer...
Is shipping clinging to the past in upholding of global order? Shipping costs are rising, ship financing may be under threat and shipbuilding could be disrupted. The industry has been advised...
EuroDry dips further into the red but eyes improvement ahead Greek bulker owner sees hope in Chinese economic stimulus, but biggest source of optimism lies in modest fleet growth
Green corridors facing 'feasibility wall' The cost gap between conventional fuel and green fuel remains the biggest stumbling block to green corridors, according to a...
Red Sea traffic one year on: down but not out Country affiliation, sector, dark transits; we present all the numbers to understand the fleet sailing the beleaguered shipping lane
'Toxic' sanctioned Hennesea tankers on the move after months idle None of the anonymously owned fleet of 19 tankers - which were designated in January in the toughest crackdown yet...
Prokopiou adds more tanker orders to mammoth newbuild spree Greek owner has ordered more than 90 tankers, bulkers and LNG carriers, but one bulker project is said to be...
Galaxy Leader owners in dispute with Codan over loss of hire cover Development comes as Ray Car Carriers set to collect $65m claim on hull war risk policy
Maersk, Hapag-Lloyd drop Felixstowe from new Gemini network The new Gemini Cooperation will not call at England's biggest container port, citing need for reliability, reach and speed
A year of Houthi terror in numbers One year on since the Iran-backed rebel group hijacked car carrier Galaxy Leader and took its crew hostage, there have...
Decarbonising maritime transport requires external efforts, shipowners say DNV forecasts that decarbonising shipping could double the cost of container transport
NorthStandard confirms renewal round rate hike after string of big hits Succession of major casualties is function of enlarged scale, but will take combined ratio well over break-even point, Grose admits
Hin Leong founder handed 17-year sentence in Singapore Lim Oon Kuin (known as OK Lim) was accused of cheating global bank HSBC out of $111.6m through discounts made...
The Daily View: Great ironic job titles of our time Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing Ascot and Markel lead hull war risk slip on Galaxy Leader | IMO Council hears states condemn a year of...
China logistics giant SF Holding launches $793 million Hong Kong IPO The company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles.
Former congressman, TV host gets Trump's nod to lead DOT Sean Duffy is the incoming administration's pick for transportation secretary, with much of his prior legislative focus on issues related to trucking.
UP hikes LA-LB surcharges again as volumes remain elevated The new charges apply to both spot market business originating in Southern California and to contractual agreements when weekly limits are surpassed by shippers using rail-owned containers.
NYSHEX says will launch ocean freight rate indexes next year The New York Shipping Exchange's plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.
Global shippers' alliance to launch pioneering e-fuel ocean tender The urgent creation of new e-fuel markets for the most scalable net-zero solutions is essential if global cargo owners are to achieve their 2030 and 2040 climate goals, according to ZEMBA.
Green ocean corridors hitting 'feasibility wall': Global Maritime Forum A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.
Star Bulk cranks up earnings and scores $130m debt deal New York-listed shipowner delivers results within range of Wall Street expecations
'At risk of failure': Four retail brands accused of stalled progress on shipping emissions Four companies face a potential 'F' in next report card by Ship It Zero
Ocean Yield reveals profit growth as six ships snapped up from leases Leasing player nears completion of LNG investment
Houthis confirm strike on bulker as shipping marks first anniversary of Red Sea crisis Yemeni rebel group said that the vessel's management company ignored warnings
Judge threatens to close the book on third lawsuit against Kalani Investments Judge asks shareholders who sued Diana Containerships why he shouldn't throw out their case
Aristides Pittas bulker firm EuroDry posts sixth loss in seven quarters as it boosts firepower Greek owner of midsize bulkers sends almost a third of its fleet through dry dock amid sluggish markets
German engineering lobby group sets out pan-European aims VDMA drops full German name as it aligns itself with expanded role
BW LPG sale shows VLGC asset prices rising despite 'stunted' rates, Jefferies says Analysts note disposal of 2007-built vessel for more than a younger gas carrier when earnings were higher
Venture Global poised to rise through US LNG producer ranks as second plant poised for exports Controversial US producer is widely tipped to be pursuing plans for an IPO
Trafigura funnelled shipping bribes through 'Mr Non-Compliant', claims court filing Trading and shipowning giant's former parent company faces Swiss trial on 2 December
CDB Leasing snaps up Sainty Shipbuilding ultramax resales Chinese financier paying up to $67m for bulkers ordered by Hong Kong's Smooth Shipping
Private equity-backed Premuda extends bulker and tanker sell-off Pillarstone-controlled platform linked to yet another batch of vessel sales
Hazard warning: Houthi fighters leave a toxic legacy, warns shipping watchdog IMO chief Arsenio Dominguez says attacks have forced industry to improve its response to geopolitical shocks
Tankers in for 'a winter of discontent' as China reshuffles declining imports World's largest oil importer is finding new sources for its smaller needs
Offices raided as MSC, Moby and GNV face competition probe in Italy Regulator says restrictions of competition may have taken place after MSC bought into ropax company
Supercycles, tariffs and changing trade lanes: Container shipping is adapting to new world order Top liner bosses tell Hong Kong conference how they will prevent a return to dark days for liner sector
DNB targets fee income growth as it builds on status as shipping's top M&A advisor Bank sees 'ample growth opportunities' for takeover of Carnegie
Turkish start-up enters shipowning scene with order for 12 bulkers at Chinese yard Green Era signs for vessels at Chinese maritime equipment conference
More crude tankers steer clear of Red Sea as Houthis resume attacks, Clarksons says Stephen Gordon says company's base-case scenario assumes disruption continuing into 2026
Why following the money, not military action, is likely key to ending Red Sea shipping crisis We reflect on a year that saw a major international waterway shut to western shipping
Largest-ever batteries installed on a ship show their power during sea trials Brittany Ferries' Saint Malo has completed tests with 12 MWh of battery power and LNG fuel
The terrorist named 'Rainbow': Meet the man accused of funding the Houthi war on shipping Researcher estimates al-Jamal's network may bring in $4bn in revenue for Yemen-based militant group
MOL teams with utility on liquefied hydrogen carrier design Owner and power generator become first pairing in Japan to tackle marine transport of new fuel
Private equity-backed Premuda extends tanker and bulker sell-off Pillarstone-controlled platform linked to yet another batch of vessel sales
Asia's biggest offshore shipowner gets $100m funding pump from Australian state Cyan Renewables gets another boost for fleet expansion ambitions
Damaged bulker accused of dumping potentially explosive cargo in North Sea Controversial vessel returns to headlines after temporarily leaving port of Great Yarmouth
MOL teams with utility Kepco on liquefied hydrogen carrier design Owner and power generator become first pairing in Japan to tackle marine transport of new fuel
Greek shipowner Panos Laskaridis makes his largest tanker play with double resale deal Greek owner's Laskaridis Shipping has acquired a pair of methanol-ready tankers at Zhoushan Changhong
Tomini beefs up new chartering arm with high-profile hires as it quits kamsarmax sector Shipowner says Claus Damkjaer and Stjernholm will strengthen its new chartering division
John Fredriksen-backed Edda Wind banking newbuilding contract and financing In signing process of signing charter contract for CSOV newbuild
LNG ships divert to Europe as Gazprom's OMV supply ban boosts prices Kpler tracks at least five vessels switching destinations from Asia
'Abnormal' times: Conflicts and claims prompt NorthStandard to push up premiums Second-largest P&I club says claims environment is not unprecedented, but 'it is nonetheless unusual'
Hanwha Ocean wins order for two VLGC newbuildings as MOL doubles up Japanese owner is named as the company behind order
Houthis: We don't accept bungs to give ships safe passage Rebel groups says it provides safe transit service for ships not linked to Israel and its allies
Safe Bulkers announces $22m share buyback after profit jump Greek bulker owner will look to acquire 4.7% of its equity
Maersk completes first methanol conversion of large container ship infamous for deadly fire The 88-day job is finished at Zhoushan Xinya Shipyard
Longship lists €60m bond issue in Oslo as newbuilding slate swells Netherlands owner taps Norwegian market for new financing
Potent weapons and threatening emails: How Houthi tactics have evolved during a year of terror Attacks have reshaped trade routes and caused death, destruction and disruption
BW LPG steps up fleet renewal with sale and purchase of VLGCs in deals worth $135m Five-year-old BW Kizoku replaces 17-year-old BW Cedar
Mitsui OSK Lines linked to $245m VLGC order at HD Hyundai Heavy Industries Japanese company emerges as owner behind dual-fuel duo
Steve Kunzer says goodbye to Lila Global after near two-year stint GMS founder Anil Sharma has taken over the running of Dubai shipowner for now
Taiwan Navigation splashes $78m on ultramax bulker newbuildings in Japan Shipowner will take delivery in 2028
MOL linked to VLGCs order at Hyundai yard Japanese shipowner emerges as owner behind pair of dual-fuelled 88,000-cbm LPG carriers ordered at Ulsan yard
How religion is raising red flags for seafarers in the Red Sea Ship manager says few Indian seafarers have declined Red Sea transits in past year
US importers urge Biden to step up Red Sea protections The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur "unsustainable" higher costs and delays.
Cargojet charter with Amazon freight skids off runway in Vancouver An Amazon charter flight operated by Canadian partner Cargojet overshot the runway at Vancouver airport, impacting flight operations.
Etihad Airways orders 3 additional A350 freighters from Airbus MIAMI BEACH, Fla. - Etihad Airways has decided to exercise an option for three Airbus A350 next-generation freighters, bringing its total order to 10 aircraft, said Stanislas Brun, vice president [...]
Nyshex closes latest funding round, launches shipping rate indexes The New York Shipping Exchange announced it has closed a Series C funding round and launched a series of shipping rate indexes.
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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