SHIPS for America Act introduced Today, Senator Mark Kelly (D-Ariz.), Senator Todd Young (R-Ind.), Representative John Garamendi (D-Calif.-8), and Representative Trent Kelly (R-Miss,-1) introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act,
Moody's upgrades Hapag-Lloyd's rating The rating agency Moody's Investors Service has raised Hapag-Lloyd's credit rating by one notch from 'Ba2' to 'Ba1'. This is the highest credit rating assigned to Hapag-Lloyd since the rating initiation by Moody's in 2010. Additionally, the senior unsecured bond rating was raised from 'Ba3' to 'Ba1', with the ratings assigning a 'stable' outlook. With the improved ratings, Moody's acknowledged th
Tanger Med increases operational footprint amid trade shifts and global turbulencies 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 .
5 Ways to Keep Your Kids Safe on the Internet Does parenting sometimes feel like running constant defense in a game where the rules keep changing? That's especially true when we're talking about the internet. Between social media, online games, and YouTube, kids spend hours online. And while the internet offers fun and learning, it also comes with risks-like predators, cyberbullying, and inappropriate content. I've faced it, too. It's overwh
Strategic Developments and Economic Projections for West African Ports 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 .
Proactive Support with AI: How Predictive Analytics Can Transform Customer Service Photo by Choong Deng Xiang on Unsplash Artificial intelligence helps businesses anticipate their customers' needs and desires along with providing solutions to problems before they even appear. Such an approach, also known as predictive analytics, boosts confidentiality in a company, improves satisfaction, and makes the customer journey smooth. In the modern market, anticipating client behavior c
NWSA nears 300,000 TEUs in November Northwest Seaport Alliance (NWSA), an alliance between the ports of Seattle and Tacoma, reported that total international container volumes for November increased by 32.9% over the same month last year. At the same time, full international import volumes increased by 24.2%, representing the ninth consecutive month of growth. Additionally, full international exports rose by 24.1%. NWSA's total con
CMA CGM introduces rail intermodal solution in Malaysia French carrier CMA CGM has announced the expansion of its rail intermodal solutions in Malaysia with the launch of a unique and innovative rail product that provides a direct connection from Ipoh via Port Klang. CMA CGM's new offering is currently the only rail service of its kind in the market, designed to meet the dynamic needs of the Ipoh region. The company said this service ensures global co
Container sector spearheads a bullish year for global shipping Veson Nautical's 2024 End-Of-Year-Report states container sector driving high prices The last 12 months have seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical's '2024 End- Of-Year-Report'. The report states that the newbuild market experienced continued growth,
DP World kicks off construction works at new port in Senegal DP World announced that the arrival of the dredger Willem Van Rubroeck in Ndayane this month marks the start of maritime works for the US$1.2 billion Port of Ndayane, a project set to transform Senegal into a major centre for global trade. The vessel will dredge a 5 km-long shipping channel - an essential step in building this state-of-the-art, high-capacity port designed to elevate Senegal's tra
SeaLead launches service connecting Pakistan with Middle East and East Africa SeaLead announced the launch of its new Dubai, Karachi to East Africa (DUKE) service, a direct liner service connecting Pakistan with the Middle East and East Africa. This service expands SeaLead's presence in Pakistan, linking it to the Middle East through Jebel Ali, a key transshipment hub, and further strengthens Pakistan's connectivity to East Africa via the Middle East, thereby improving exp
Cotton Route alliance between Italy and India to counterbalance China's dominance Italy and India are set to embark on a significant maritime collaboration, focusing on enhancing their ship and yacht building capabilities. This partnership forms part of a wider strategic initiative aimed at boosting cooperation across various sectors such as ports, logistics, and information technology (IT), with a special emphasis on undersea cables. This content is locked Select a CN Premium
Israel strikes ports and oil facilities in Yemen Multiple fatalities have been reported following a series of Israeli airstrikes on Yemen's port infrastructure and oil storage facilities in the ports of Ras Isa and Hodeidah. According to reports by Houthi-controlled media, the attacks killed at least nine people, seven in the port of Salif and two in the Ras Issa oil facility, with ...
Stainless Tankers offloads two oldest vessels Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the company said the vessels should change ...
Baltic Exchange names new chairman Guy Hindley has been appointed as the new chairman of the Baltic Exchange Council. Hindley takes over on January 1 from Lord Jeffrey Mountevans, who has held the position for the past two years. Hindley has been on the Baltic Exchange Council since January 2019 and is the managing partner of the dry cargo division ...
Sebastian von Hardenberg to take over at Bernhard Schulte Shipmanagement Germany's Bernhard Schulte Shipmanagement (BSM), with a fleet of over 670 vessels under management, will enter the next year with a new chief executive. Ian Beveridge is handing over the position to the company's chief financial officer, Sebastian von Hardenberg, who joined the Schulte Group in 2005 and served as BSM CFO since 2015. "I ...
Shipmanagement veteran Marcel Liedts dies Marcel Liedts, a well-known name in shipmanagement circles, has passed away. As one of the key architects of Anglo-Eastern, alongside Peter Cremers and Richard Wong, Liedts served the Hong Kong-based shipmanagement giant for more than 30 years. He joined Anglo-Eastern in the mid-1980s and played an instrumental role in shaping the company that today has ...
US sanctions nine more VLCCs as Iranian oil flows slow The US announced fresh sanctions targeting Iran's dark fleet on Thursday, designating nine VLCCs, adding an additional 2.4m dwt of...
Houthis say nine dead as Israel targets Yemeni ports This is the third time that Israel has targeted infrastructure and assets in Houthi-controlled ports
Dark fleet intervention raises spectre of Russian naval escalation If Baltic states move from requesting insurance details from dark fleet ships to physically stopping ships from transiting, Russian naval...
Seafarer mental wellbeing services grow to provide for family ashore "It can be very difficult to leave the family to go to sea for nine months; there can be pain...
Doubts raised over Bangladeshi report on LPG cargo origins The Bangladeshi committee that investigated the origins of cargoes on board VLGCs Gaz GMS and Captain Nikolas wrongly determined they...
MSC Cruises pulls LNG "cleaner fuel" ads after greenwashing complaint MSC Cruises has pulled ads calling its fossil LNG a "cleaner fuel" after a complaint from campaign group Opportunity Green...
Bernhard Schulte Shipmanagement appoints former chief financial officer to top role Ian Beveridge to hand over executive management of Bernhard Schulte Shipmanagement to Sebastian von Hardenberg with effect from January 2025
Hull market 'on other side of peak', says Aon's Meyrick Expect continued variation by segment
Bulk carriers continue to run Red Sea gauntlet The smaller bulk carrier segments vessel sizes have seen Bab el Mandeb transits fall at a far lower rate than...
Boxship market balance will get a bit worse in 2025 and a lot worse in 2026, says BIMCO BIMCO's latest container shipping outlook has warned of a worse balance of containership supply and demand in 2026 than in...
Shipping needs a better way to split its green bills Legal tussles over splitting the cost of green regulations underscore the need for broader reform to align interests across the...
The Daily View: The 'new normal' is anything but Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
International Group reinsurance hike 'unfair' to boxship owners, brokers argue Dali was a containership, but any vessel type could have brought down Baltimore bridge, Cracknell contends
MOL poised to launch book and claim service after ClassNK approval System allows MOL to allocate greenhouse gas reduction certificates to car carrier customers, based on emissions saved through its use...
Daily Briefing Ukraine 'outraged' at Yemen grain shipment from occupied Crimea | Boxships hit by huge hike in International Group reinsurance levy |...
FedEx to spin off industry-leading FedEx Freight LTL division The largest US less-than-truckload provider is set to become a separate, independent company as FedEx pivots to focus on its parcel delivery business.
IMCs dealing with rail service disruptions amid unusually high volumes With a prolonged peak season, some non-asset-based intermodal marketing companies are reporting difficulties securing rail-owned containers and slots on trains in Chicago, Portland and Oakland over the past month.
Reefer cargo bottlenecks could improve after US scraps warehousing policy The end of a regulation that limited import house locations will allow more flexibility for warehousing options, making the cold chain network more efficient for food importers.
M&A pace signals truckload tech industry unsure about 'unbundling' Acquisitions, new product releases and fresh investment among companies catering to truckload brokers speak to an industry wrestling with the need to make things easier for customers.
Trans-Atlantic carriers cue fresh surcharges for early 2025 risks Shippers on the Europe-US trade lane are facing significant rate increases in January as the potential for disruption grows from labor uncertainty and new operating alliances.
Late vessels drive delays across North European ports Handling large container exchanges with vessels arriving late and bunching outside import gateways is leading to bottlenecks at some of the region's largest hubs.
EnTrust Global pounces on Belships in $450m deal New York firm's quick pounce after strategic review sees 29.4% premium to Thursday's close
Taking on China: Lawmakers from warring political parties unite to boost US shipping and yards Ships for America Act formally introduced as one of its key architects heads to join Trump in the White House
Pangaea Logistics sets a date: Vote on 15-ship fleet deal will be 2024 event Acquisition of fleet from MT Maritime Management clears SEC regulatory process
Castor Maritime offloads second legacy boxship after MPC acquisition Greek owner Petros Panagiotidis keeps reshuffling his fleet in quick succession of deals
Moody's upgrades Hapag-Lloyd to highest level on record and changes outlook to 'stable' Both container sector and German liner company perform better-than-expected
Capesize bulker rout pulls Baltic Dry Index below 1,000 for first time since July 2023 Miners in Western Australia have already called it a year as some bulker owners look to dry dock or shift to the Atlantic
Navantia's purchase of cash-strapped iconic UK yard Harland & Wolff confirmed Spanish group says its buy will enhance UK's shipbuilding, defence and offshore wind capabilities
WinGD notches up 'milestone' testing for its large-bore dual-fuel methanol engine First units destined for Cosco Shipping Lines container ships
BW LPG boss Kristian Sorensen boosts shareholding to $170,000 CEO now holds 6,000 shares in the company
Dimitris Procopiou-led Centrofin emerges with newbuilding sextet in China Low-profile Greek owner has booked a string of kamsarmax bulkers at Hengli Heavy
Drug traffickers jailed for attempting to take cocaine off Oldendorff bulker Seven men sentenced in the Netherlands in case involving the Gina Oldendorff in January
Container freight rates climb as shippers try to beat US strikes and tariffs An unseasonal surge in container volumes reflects uncertainty over what 2025 has in store
London will be diminished by loss of 'fun guy' John Fredriksen, says Richard Fulford-Smith Shipbroker and former associate may be in the tycoon's 'freezer' currently, but retains great admiration for tanker legend
A year in ship finance: It starts and ends with hostile takeovers, with plenty in between This week's Streetwise takes a look at the year that was in ship finance and the personalities who shaped it
Legal worker banned over 'systematic falsification of banking documents' before Axiom Ince collapse Bank statements were altered in the months before the law firm was closed down amid a fraud probe
Tufton venture Stainless Tankers agrees first sale of chemical carriers for handy profit Andrew Hampson-led owner signs forward deal to deliver 2005-built duo in February and April next year
Nigeria's Ace Gas picks Wison for FLNG and power barge design job Chinese yard adds another LNG floater customer
Maria Angelicoussis fills her father's shoes in landmark year for Greek shipowner Greek businesswoman leads sprawling group in new directions under her own authority
Ship manager Anglo-Eastern founding father Marcel Liedts dies Tributes paid to highly regarded shipping veteran with heart of gold behind gruff exterior
Oaktree tankers snapped up by Dutch owner Alliance Maritime Owner adds to fleet in deal arranged by Clarksons Project Finance
Latsco's London operation adds new in-house chartering deals as profit dips Latsis family's UK company eyeing stable revenue from handling group vessels in agreements stretching to the end of 2025
Ian Beveridge hands over reins to new CEO at ship management giant BSM Schulte Group company also appoints new boss in India
Israeli air strikes on Yemen's oil and port facilities kill nine Military action launched in response to Houthi attacks on Israel hours earlier
The big themes of 2024: Unintended consequences and wishful thinking The rise of the shadow fleet and losses in the rough seas off South Africa are all repercussions of big decisions made this year
Russian warships may start escorting shadow fleet tankers through Baltic, Denmark warns Intelligence service believes move may escalate provocation against Nato members
Cooking up a storm: Idan Ofer's Chef Patrick reinvents food at sea From Idan's favourite pizza to Evangelos' homely souvlaki, an Israeli chef has brought seafarers together over good food on over 500 ships
Britoil brings China's abandoned anchor-handlers to life Singapore-based offshore company has taken advantage of cheap deals pitched by desperate shipbuilders to grow its fleet
New legislation would require 10% of China imports to move on US ships Shippers would have to move 10% of all seagoing Chinese imports on U.S.-flagged and -crewed vessels under the terms of proposed bipartisan legislation.
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