APMT eyes partnership in India's 'global top 10 port' project at Vadhavan
The government of India has given the final nod for a high-stakes port project on the west coast: a greenfield harbour at Vadhavan, some 120 miles north of Mumbai. The investment ...
Mærsk CEO Clerc by the book - 'to each their own'
Felixstowe intermodal services partially blocked by train derailment
Airline connectivity still lacking, claim, as Etihad and K+N unveil direct ebooking
Struggling Forward Air sharpens its job axe again in bid to cut costs
South Korean ferry operator Panstar ventures into 'cut-throat' liner sector
Port of Antwerp-Bruges can help shippers 'get your boxes off the roads'
With the US and EU putting up barriers, Chinese EVs could divert to SE Asia
Dual-fuel engines could avert danger, says Höegh as it opts for ammonia
Bollinger launches inaugural Shipfitter Bootcamp This week, Bollinger Shipyards kicked off the inaugural Shipfitter Bootcamp. The innovative workforce development initiative is being launched in cooperation with Mississippi Gulf Coast Community College (MGCCC), the Southern Mississippi Planning &
Hanwha to acquire Philly Shipyard In deal that was first reported as in the works last October, Philly Shipyard is to be acquired by Korea's Hanwha Group, whose Hanwha Ocean is the former the former Daewoo Shipbuilding
VIDEO: Shipping industry appalled as Houthi attacks continue Video has emerged showing the Houthi attack on the MV Tutor with an explosive laden drone boat. That attack eventually led to the sinking of the vessel, which has now been confirmed
Are You Eligible for Benefits Under The Longshore and Harbor Workers' Compensation Act? A career in the maritime industry can be rewarding, but it's also physically demanding and potentially dangerous. The hours are long, and you're often working in adverse weather conditions, and you're also dealing with heavy machinery, hazardous substances, and slippery surfaces. To help ensure maritime workers receive compensation for job-related injuries and illnesses, federal law provides bene
Sea-Intelligence discusses costs for carriers of maintaining loyalty One of the key challenges in container shipping is the lack of enforceability in shipper/carrier contracts, according to Sea-Intelligence. With the recent sharp increase in freight rates, there have been calls for carriers to adhere to contracts and moderate their revenue pursuits, noted the data analysis firm. This implies that shippers would, in turn, honour contracts when the market declines.
Maher Terminals installs Kalmar Collision Warning System on straddle carriers Maher Terminals LLC, a multi-user container terminal operator running North America's largest marine container terminal in the Port of New York and New Jersey, has recently installed the Kalmar Collision Warning System on 36 of its straddle carriers, with a further 68 machines to follow in 2024 and 2025. Maher Terminals aims to install the system on all machines in the fleet, comprising over 270
MSC strengthens Asia-Mexico service network Swiss/Italian container line MSC is launching a new shuttle service, Dhalia, to provide additional capacity for Asia to Mexico West Coast routes. According to the company's statement, this new service will provide customers with a premium loop rotation serving South China to Mexico trade as well as additional network coverage and frequency between Asia and Mexico. Dhalia joins MSC's existing Ande
Baltic Hub commences construction of third deep-water quay Baltic Hub, a member of PSA Group, announced a significant milestone in its expansion efforts by laying the cornerstone for the new T3 terminal in Poland on 5 June. This development marks an important step toward enhancing its position as the leading container hub in the Baltic Sea region. The addition of a third deep-water quay and expanded storage yards signifies a strategic advancement aimed a
SAAM Terminals invests US$500,000 in simulator for crane operator training SAAM Terminals aims to train new crane operators and enhance the skills of current ones with advanced exercises. The company has invested US$500,000 in a state-of-the-art simulator from Canadian firm CM Labs Simulators. "This equipment is pioneering in the Chilean port industry. It offers ground-breaking graphic realism and accurately emulates the movements and forces applied during crane operati
MPC Container Ships secures ship acquisitions and new charter package deal MPC Container Ships ASA (MPCC) has announced the acquisition of two 3,500 TEU vessels and a charter agreement package for 10 vessels, including the new acquisitions. The Norwegian ship owner bought two 3,500 TEU vessels for US$47.25 million. The vessels are expected to be handed over from their current owner in the third quarter of 2024 and will be delivered into pre-agreed firm 36-month time cha
More berths to open early in new Singapore port to alleviate logjams Singapore plans to speed up the opening of berths in the new megaport in the city-state's Tuas industrial estate to cater to the growing number of boxship calls. Besides the eight existing berths on the north side of Tuas Port, terminal operator PSA will expedite the opening of three new berths later this year to increase overall port handling capacity. Maritime and Port Authority of Singapore (M
Singapore oil spill: Minister says most oil removed Singapore's Transport Minister said today (20 June) that much progress has been made in cleaning up the oil spill that happened six days ago. Chee Hong Tat said in a Facebook post, "We have made progress in the clean-up, but it will still take some time before the oil will be completely removed. Currently, we are focused on cleaning up the oil slicks and sheens from water and land which are visib
KEZAD Group, Astha Biotech ink US$12 million deal for microalgae plant in Abu Dhabi Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the largest operator of integrated and purpose-built economic zones, has partnered with Astha Biotech, a UAE-based investment and development company, to establish a new facility in KEZAD Al Ain. The lease agreement was signed at the Make It In The Emirates Forum 2024. "We are more than happy to welcome Astha Biotech, an infrastructure company with
DP World opens largest-ever warehouse in UK DP World has announced the opening of the largest-ever warehouse in the United Kingdom, with the 55,550 m² facility in Coventry being part of a US$63.5 million investment. The new warehouse, internally fitted out for US$43.2 million and completed last month following a two-year construction period alongside developer SEGRO PLC, includes a new fully Automated Case Retrieval (ACR) system expected t
MSC launches new service linking major Asian and European ports MSC announced the launch of its new service, Britannia, which will enhance port connections through a corridor from China and Vietnam to the port of Liverpool in the United Kingdom. This new loop provides access to the port of Vung Tau, establishing a direct link to Liverpool and MSC hubs in Rotterdam, Antwerp, and Hamburg, while also connecting to destinations in Scandinavia and the Baltic regio
Emirates Shipping Line debuts reefer container order Emirates Shipping Line (ESL) has acquired 300 Carrier Transicold PrimeLINE ® container refrigeration units aiming to expand its reefer capabilities. "We are excited about this in-fleeting and are confident that Carrier Transicold's PrimeLINE units will help us create optimal solutions for our customers who ship temperature-sensitive cargo," said Caesar Yiu, Head of Container Management at ESL. "I
CMA CGM announces PSS from Med to US, Mexico, Canada East Coast & US Gulf CMA CGM has announced the implementation of a Peak Season Surcharge (PSS), starting from 15 July 2024 (loading date) until further notice. The surcharge will apply to cargo originating from the West Mediterranean, Adriatic, Black Sea, and East Med (excluding Egypt) and destined for the US East Coast, US Gulf, Mexico East Coast, and Canada East Coast. The PSS will be US$350 per 20' container and U
Tsakos Energy Navigation makes LR1 newbuild move Greek owner Tsakos Energy Navigation (TEN) has set out to expand its tanker fleet with five additional newbuilds. The New York-listed firm, which earlier this year booked a 154,400 dwt shuttle tanker at Samsung Heavy Industries in South Korea, has revealed "firm discussions" with a Far Eastern yard for the construction of five LR1 vessels. ...
Heidmar in second try to go public via new merger deal Athens-based pool operator and shipmanager Heidmar has lined up a merger deal with lifestyle brand portfolio company MGO Global, marking the company's second attempt at a stock market listing. Pankaj Khanna-led Heidmar, with more than 60 tankers and bulkers under commercial management, first tried to go public via a merger with Home Plate Acquisition Corporation ...
Hanwha strikes $100m deal for Philly Shipyard South Korean conglomerate Hanwha has sealed a deal to take over Aker-controlled US shipbuilder Philly Shipyard. Oslo-listed yard said it is selling the business to defence specialist Hanwha Systems and shipbuilder Hanwha Ocean for $100m in cash. The deal is expected to close in the fourth quarter of this year, and the closing price could ...
Genting awards FLNG construction deal worth over $1bn to Wison New Energies Malaysia's Genting has contracted Chinese company Wison New Energies for the construction of a 1.2m tonnes per annum FLNG facility in West Papua, Indonesia, in a deal valued over $1bn. The contract executed by Genting subsidiaries, Genting Oil & Gas Sdn Bhd and PT Layar Nusantara Gas (PTLNG), for the FLNG facility is 962.8m but ...
RightShip and Windward create risk management solution for chartering operations London-listed predictive maritime intelligence firm Windward and ESG-focused digital maritime platform RightShip have teamed up to enable cross-platform data sharing. The partnership will see Windward's sanctions insights integrated into RightShip's platform and vetting workflow. The partnership aims to address the growing challenges the maritime industry faces, including regulatory compliance, s
Danish shipping companies retain special tax relief Shipowners' organisation Danish Shipping has welcomed the country's decision to maintain seafarer tax exemptions under the Danish International Ship Register (DIS) scheme. Earlier this year, an expert group led by businessman Christian Frigast proposed to scrap the DIS scheme, claiming it could save over a billion DKK but that it would also result in significantly ...
New Houthi tactics put seafarers on edge The Houthis have ratcheted up the fear factor for seafarers heading to the Middle East - as well as families at home - with their latest video showcasing how they managed to deploy boats packed with explosives to take out the Greek-controlled Tutor kamsarmax last week, a first-of-its-kind attack in the Houthis' seven-month campaign against ...
Sirius Shipping secures employment for methanol-ready tanker newbuilds Swedish tanker owner Sirius Shipping has sealed a charter deal with compatriot refiner Preem for two methanol-ready oil and chemical carriers under construction in China. Donsö-based Sirius has two 15,000 dwt ships booked at China Merchants Jinling Shipyard in Yangzhou, with the first delivery expected in the second half of 2026. Once delivered, the two ...
Cyan Renewables sends improved takeover offer for MMA Offshore Singapore-based offshore wind vessel pure-play Cyan Renewables has sent an improved offer to buy 100% of shares in Perth-based OSV operator MMA Offshore. Cyan, a subsidiary of Cyan Renewables, sent an initial offer to buy shares in the Australian company in March for AUD 2.60 ($1.73) per share. The takeover scheme values MMA's equity at ...
ShipServ CEO steps up to lead Marcura Maritime tech firm Marcura Group has promoted the head of ShipServ as it plots a leadership transition. Henrik Hyldahn has taken over as group CEO from Marcura co-founder Jens Lorens Poulsen, who has moved to become chair of the board. Christian Siemers Haunso, co-founder and former chair of the board, has stepped aside from his ...
CDB Leasing picks up four ships from Dynagas LNG Partners CDB Leasing has purchased four liquefied natural gas (LNG) carriers from entities linked to George Procopiou-backed Dynagas LNG Partners. The Hong Kong-listed leasing unit of China Development Bank said it is paying up to $477.5m for the 149,700 cu m vessels Clean Energy, Ob River and Amur River, built between 2007 and 2008, and the ...
India allocates over $890m in funding for offshore wind India's Union Cabinet has approved the viability gap funding scheme for offshore wind energy projects totalling $892.3m. This includes $820.5m for the installation and commissioning of 1GW of offshore wind energy projects - 500MW each off the coast of Gujarat and Tamil Nadu - and a grant of $71.8m for upgrading two ports to meet ...
Authorities advance plan for offshore wind near US territories The US Bureau of Ocean Energy Management (BOEM) is requesting ideas for baseline environmental and socioeconomic studies regarding potential offshore wind energy activities in the US territories. BOEM is also inviting entities in the US territories that have the capabilities, expertise, and interest in carrying out environmental monitoring and conducting studies. To formally request ideas ...
MPC Container Ships adds to fleet as it lands 10-ship charter deal MPC Container Ships (MPCC) has strengthened its fleet with two secondhand units and secured long-term employment for 10 vessels, including the latest purchases. The Oslo-listed tonnage provider will be adding a brace of 2009-built 3,500 teu vessels in the third quarter of 2024 for $47.25m. The duo has already been fixed for 36 months with ...
Seatrium pays $57m arbitration settlement over newbuild Awilco rig Seatrium's wholly owned subsidiary, Seatrium New Energy and RigCo Holding, have entered into a settlement agreement with Awilco Drilling. Seatrium said one of the Awilco units - Awilco Rig 2 (AR2) - will receive a $57m settlement related to an arbitration with Seatrium New Energy, formerly Keppel Fels. AR2 won an arbitration award in November ...
New Delhi approves giant west coast port development A long-planned mega port has got the green light from New Delhi. The giant Vadhavan port, located some 125 km north of Mumbai on India's west coast, has been discussed for more than a decade, but finally, the Narendra Modi administration has approved the huge $9.1bn development. The first of two construction phases is expected ...
Clearing the air on shipping pollution and climate change Dr Sian Prior, lead advisor to the Clean Arctic Alliance, reacts to recent news headlines that cutting shipping pollution contributes to a more extreme global temperature rise. She provides scientific context for these reports, and argues that more regulation of shipping is needed to combat the industry's climate impacts. News of a study made recent climate headlines ...
US truckload spot rate metric turns positive for first time in 27 months The average US transactional dry-van truckload rate rose "a fraction" above its year-ago level Wednesday, following strong year-over-year gains in spot market volumes, according to DAT Freight & Analytics.
HMM deploying more extra loaders to aid South Korean exporters With backing from the South Korea government, HMM is deploying more ships to help the country's exporters weather soaring container rates amid heightened demand for their goods.
MSC adds to growing Asia-Mexico service launches Mediterranean Shipping Co. increasing capacity between Asia and the West Coast of Mexico amid surging foreign direct investment by China into Mexico.
Global disruption further complicates ocean carrier network building How do you build a robust, resilient system in the face of operational and geopolitical disruptions that throw conventional container shipping networks into disarray?
Charleston pausing berth project to ease vessel backlog Suspending construction work will allow the Port of Charleston to reopen all three berths in the Wando Welch terminal for two weeks and reduce a backlog of anchored vessels, but ocean carriers should anticipate at least two days of waiting to get a berth once work resumes.
Brazil north-south, Asia-ECSA rates hit recent highs on strong demand, congestion Local forwarders say the rate hikes are partly due to worsening delays at key ports in Brazil, with ongoing construction work closing part of Navegantes and vessel diversions from that port overwhelming other gateways.
Synergy strikes deal with Baltimore to allow some Dali crew to head home Others will remain as Department of Justice continues investigation
Jefferies upgrades liner companies with Houthi attacks likely to persist into 2025 Operators already covering with longer charters, but talk of further newbuildings could be long-term damper
GreenSeas bin goes international as IMO chief unveils latest London landmark IMO visitors will be able to gaze on BinForGreenSeas No 18 from terrace of headquarters
Tsakos Energy Navigation hikes newbuilding plan by five tankers Oil majors are grabbing modern ships as soon as his company buys them or orders them, Nikolas Tsakos says
Heidmar tries again for Nasdaq listing in $300m merger with lifestyle brand Tanker and bulker manager will debut on New York exchange in the third quarter
Hanwha buys Rokke's Philly Shipyard for $100m cash Parties see transaction closing in fourth quarter
'Huge escalation': Shipowners fear spike in Houthi hostility after rebels finish off Evalend ship 'What's coming is greater', Yemeni rebels warn after double strike sending Greek bulker to the bottom of the Red Sea
Results of AP Moller-Maersk transformation have to be seen right now, boss Vincent Clerc says CEO of liner giant promises results of strategic streamlining will be evident in next earnings statement
Ukrainian ship abandoned after Houthi strike is afloat and receiving help Despite a blaze on board, there is still hope for the 11,400-dwt Verbena (built 2008)
Greek owner DryDel makes rare bulker sale as it takes first Namura newbuilding Costas Delaportas-led outfit shakes out modern, scrubber-fitted ultramax to Chinese buyers
'Unprecedented conditions': Chemical tanker consolidation set to surge in booming market Analysts argue that merger-and-acquisition landscape has changed since big-ticket deals in previous decade
New sanctions targeting LNG and shadow fleet backed by EU Reports suggest new deal includes measures aimed at Russian gas and new designations for oil tankers
John Fredriksen's offshore firm Paratus Energy valued at $755m in Oslo listing Trading of shares on Euronext Growth Oslo to start about 28 June
'Competition was fierce': Norway opens wallet for ammonia and hydrogen shipping Norwegian climate fund manager spends more than $100m in its largest outlay in the maritime transport sector
Britannia braces for Baltimore bridge claims with robust balance sheet London-based protection and indemnity provider bounces back to report strong investment returns in 2023/24
Cash piles, canal chaos and compliance: Why big guns are mulling orders for 100-plus container ships Competition for shipyard space is running hot as leading players jostle to place orders
John Fredriksen's Seatankers linked to mystery Wuchang Shipbuilding order Series of construction ships boosted to four units, according to Norwegian designer Salt
Videos show multiple Houthi attacks and explosions that sunk Evalend ship Houthi footage appears to show second blast that may have taken place after crew was evacuated
International Seaways shreds boring tag with dividend racing to $472m in 18 months New York tanker owner tells how 'disciplined' strategy to capital allocations is paying off
Amon Maritime breaks into gas market with ammonia-fuelled ships backed by Norwegian state cash Amon Maritime spin-off wins $17m from energy transition agency Enova
Mystery shrouds fate of Ukrainian ship hit by uncontrollable fire after Houthi strike Ukrainian owner stays mum and western navies profess to have no information
New York, Oslo or both? Why marrying Norwegian nous with US scale makes sense for shipping companies As rival shipping stock capitals compete, dual listings appear to be catching on
First tanker opens eastbound sailings season on Northern Sea Route But industry waits and watches for start of LNG transits
Marcura shakes up top management after ShipServ takeover Dubai shipping platform says move underlines commitment to innovation and growth
Methanol pioneer Maersk spreads future fuel bet with latest newbuilding play Tonnage providers and Chinese yards in mix for what could be a change of tack for liner giant
Nordic American Tankers to see big spike in rates despite 'dangerous' peak oil forecast Clarksons Securities bullish on suezmax prospects as debate rages over demand
John Fredriksen's offshore firm Paratus Energy valued at $755m in Oslo listing Trading of shares on Euronext Growth Oslo to start on 28 June
MPC Container Ships buys first vessels in a year as it seals 10 charters with major line German owner splashes $47.25m on boxship pair with new charters in place
New York, Oslo or both? Why marrying Norwegian nouse with US scale makes sense for shipping companies As rival shipping stock capitals compete, dual listings appear to be catching on
Video shows exploding Houthi drone zeroing in on Evalend ship it would sink Houthi footage appears to show second blast that may have taken place after crew was evacuated from ship
CDB Leasing adds more LNG carriers to fleet after deal with Dynagas Hong Kong company has done LNG carrier deals with Awilco LNG, GasLog and now George Procopiou
Agricore Shipping expands fleet with ultramax bulk carrier orders in China Chinese-owned company orders quartet at Jiangsu Hantong
Singapore's Cyan forced to cough up more cash for MMA takeover Suitor offers $267m more to shareholders in bid to win control of offshore energy company
PayCargo collects $16M from CargoSprint in FreightTech trademark case A long-standing dispute between logistics technology providers ended with a $16 million payment from CargoSprint to PayCargo.
Amazon transferring Boeing 737-800 cargo jets to Sun Country Airlines Sun Country Airlines will operate 20 freighter aircraft for Amazon by late 2025 after the retailer agreed to expand its partnership with the passenger and charter airline.
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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