Conrad Shipyard delivers first YRBM Conrad Shipyard reports that it has successful delivered the first of class Yard, Repair, Berthing, Messing vessel YRBM 57 to the U.S. Navy, marking a significant milestone in the shipyard's longstanding history.
Irish Sea green corridor initiative gets funding boost A green corridor initiative, aiming to establish a zero-emission Irish Sea shipping route between Holyhead, Wales, and Dublin, Ireland, has moved one step closer, getting a £122,303 (about $159,000) funding boost from
Container Shipping Stock Weekly Highlights In the ever-evolving landscape of global trade, container shipping remains a critical pillar of the economy. During the past week, key players in the sector experienced varied stock performances, reflecting the impact of ongoing economic and geopolitical factors. As rising operational costs, supply chain disruptions, and geopolitical tensions continue to shape market dynamics, investors are close
Maersk, Hapag bosses reinforce confidence in Gemini alliance service reliability targets At the Xeneta Summit in Amsterdam, leaders from Hapag-Lloyd and Maersk showcased their strong commitment to the forthcoming Gemini Cooperation, emphasizing their goal to achieve 90% service reliability. This new alliance, which includes two of the five largest ocean carriers, is set to commence operations on February 1 next year, adopting a hub and spoke model for mainliner and transshipment serv
NOPB, Heniff celebrate US$3 million New Orleans Transloading Industrial Park Heniff Transportation Systems (Heniff) will manage rail transloading services at the newly opened New Orleans Transloading Industrial Park, after the signing of the agreement with the New Orleans Public Belt Railroad (NOPB). New Orleans Transloading Industrial Park is located on Terminal Road in New Orleans East and is expected to help shippers move goods more easily between trucks and trains. "W
Comprehensive Guide to Creating an Effective Preventive Maintenance Checklist Preventive maintenance (PM) is a proactive approach to maintaining equipment, systems, and facilities to prevent breakdowns and ensure optimal performance. An effective preventive maintenance checklist is essential for organizations aiming to reduce downtime, extend the lifespan of assets, and improve operational efficiency. This article provides a comprehensive guide to creating an effective pre
PSA breaks ground on new Supply Chain Hub in Singapore PSA Singapore has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its strategic expansion within Tuas Port, at its groundbreaking ceremony today (18 October). This state-of-the-art facility, scheduled to be ready by 2027, is poised to transform the logistics and supply chain landscape in Singapore. Strategically situated next to Tuas Port within the Free Trade Zone, the PSCH wi
Analysis of Smart Container Market: Current Value, Forecast, Characteristics, and Key Players Smart containers are a revolutionary advancement in the shipping sector, enhancing efficiency, security, and operational insights. Their widespread adoption depends on addressing challenges in technology integration and infrastructure improvements. With several major ocean carriers opting to develop a smart container fleet - whether by acquiring new containers or retrofitting existing ones - Cont
Head-to-Head: Mombasa and Dar es Salaam's Rise Amid Red Sea Turmoil Amid continuing severe challenges in the Red Sea, African ports, such as Dar es Salaam and Mombasa, have experienced notable gains in performance, potentially benefiting from the rerouting of shipping traffic caused by Houthi attacks. A detailed study by Container News , using a Port Performance Compound Indicator, reveals intriguing shifts in the operational capacities and strategic relevance of
Xenta unveils new Market Rate Outlook product at Amsterdam Summit Xeneta, an ocean and air freight rate benchmarking and market analytics platform, has introduced its new Market Rate Outlook product, which operates under a Machine Learning (ML) model, leveraging the 500+ million ocean freight rate datapoints in the Xeneta platform, combined with 20+ parameters such as fleet and capacity data, import and export volumes, and macroeconomic factors such as GDP, inf
ONE-operated vessel refloated after grounding off Isle of Wight A ship in Ocean Network Express (ONE) fleet ran aground while sailing from the UK's port of Southampton to the port of Rotterdam in the Netherlands on 15 October. The 2011-built 6,700 TEU ONE Maneuver became grounded on a sandbank off the Isle of Wight and got stuck on Bramble Bank shortly after departing from Southampton at about 3.50 pm UK time. In a statement sent to Container News , ONE confi
ONE launches new Asia-Med service Ocean Network Express (ONE) has announced an addition to its Asia-Mediterranean network with the introduction of a new service. The Singapore-based ocean carrier will launch the Mediterranean 5 (MD5) service to enhance its direct coverage from the Mediterranean to Asia. The port rotation of the new service will be Barcelona (Spain) - (Suez/Cape of Good Hope) - Singapore - Shanghai (China). Accord
Konecranes takes over Peinemann Port Services and Container Handling businesses Finnish port equipment manufacturer Konecranes will acquire Peinemann Port Services BV and Peinemann Container Handling BV. With this move, which still requires approval from the Dutch competition authority and is expected to close in the fourth quarter of the current year, Konecranes aims to strengthen its presence in the Port Solutions field. The value of the acquisition is not being disclosed,
Maersk commences new feeder service between Ukraine and Egypt The second-largest container carrier Maersk has announced the launch of a new weekly feeder service between Ukraine's port of Chornomorsk and Egypt's Port Said. The starting date of the service was 16 October. The first vessel deployed on the rotation commenced its sailing from Port Said, and the first arrival to Chornomorsk is scheduled for 22 October. "The feeder service significantly reduces t
Zinus agrees with Port of Skagen for shore power unit delivery Zinus, a provider of shore power solutions, has announced its recent contract with Denmark's Port of Skagen to deliver two of its ZPP115 shore power units, set to be delivered early in 2025. The ZPP115 is an upgraded version of the ZPP215 model and offers easy and efficient handling of shore power cable management, catering to the diverse needs of ports and the vessels they serve. Klaus Kopelman,
Maersk commences Ukraine weekly feeder service Despite the recent decline in security across the Black Sea, Maersk, the world's second-largest containerline, has initiated a new weekly feeder service between the Ukrainian port of Chornomorsk and the Danish carrier's hub port in Port Said in Egypt. The 1,702 teu A. Obelix is being deployed on the route, set to arrive in Chornomorsk ...
Wilson Sons sale talks heat up The sale of Brazilian port and maritime logistics operator Wilson Sons is pressing ahead. The company revealed receiving a letter from I Squared Capital expressing interest in a potential voluntary offer to acquire up to 100% of the company. The Miami-based infrastructure investor has not yet indicated a price per share but will decide whether ...
Windward Offshore partners with Stodig Ship Management to operate CSOV fleet Windward Offshore has formed a new joint venture with Stodig Ship Management to manage the technical and crew operations of its fleet of CSOVs. The two companies signed a memorandum of understanding for the management of their four newbuild CSOVs, currently under construction at Vard Group yards. The new partnership between Windward Offshore and Stodig ...
Hellenic Cables awarded New Jersey wind farm deal Hellenic Cables, the cables segment of Cenergy Holdings, has signed a partnership agreement with Leading Light Wind, an offshore wind project located off the coast of New Jersey to supply some of the project's inter-array cables. The cable firm will supply 65 km of 132kV inter-array cables, a part of the project's total inter-array cable ...
Lila Global offloads 2004-built tanker Dubai-based Lila Global's run rate of a ship deal a month shows no sign of slowing. The shipowning sister firm of ship recycling giant GMS has snapped up bulk carriers, tankers, and MPP vessels over the past couple of years, latterly turning to selling rather than buying. This week, it is making a rare move ...
Washington targets financial backer of the Houthis Hours after deploying stealth bombers to target Houthi weapons caches across Yemen, the US yesterday announced more sanctions designed to stymie access to capital for the militant group waging a campaign against merchant shipping in the Red Sea and the Gulf of Aden. The department of the treasury's Office of Foreign Assets Control (OFAC) sanctioned ...
Asian car manufacturers prep fuel cells for shipping Japanese automotive giant Honda has teamed up with a British company called Hypermotive to develop a hydrogen fuel cell-based power generation tailored to marine applications. Engineered by Hypermotive and powered by Honda, the X-M1 fuel cell is ready for adoption across vessels of a wide range of duties and tonnage. Proof of concept trials are ...
Bull run for US imports continues, with no sign of drop-off in Los Angeles Peak season is over, but US container ports continue to post exceptionally strong numbers. Imports could spike due to tariff...
VLGCs 'playing catch-up' with propane price arbitrage as another week ends in the red Very large gas carriers have had a rollercoaster few months. After regaining ground in the end of September and early...
Daily Briefing Shipping splits into 'parallel universes' as global trade continues to decouple | Ofac announces more Houthi sanctions hours after US...
Xylas elected new chairman of Intercargo Dry bulk owners' association has grown impressively in recent years
The dark fleet is a wicked problem for marine insurance There is no obvious answer for the dilemmas that arise when fixed-premium providers of unknown financial standing purport to cover...
How bad is the crewing crisis and can shipping solve it? Lloyd's List markets editor Rob Willmington takes a closer look at what many in the industry are calling a crewing...
Rotterdam scrubber spreads hit one-year low High-sulphur fuel oil prices rose sharply in Rotterdam to narrow the gap between very low sulphur fuel oil, as scarce...
Hong Kong urged to stop obsession with port ranking and pursue green fuel hub vision 'We don't need to be fixated on Hong Kong's port ranking anymore,' says a China Merchants shipping executive during a...
Mainline spot rates maintain downward trajectory Seasonal demand slump continues to drive down the market amid little impetus from capacity adjustments
Pacific Basin Shipping confident in dry bulk future for stable demand Pacific Basin will 'assess readiness' for ordering dual-fuel low-emission vessels
Ship scrapping levels lowest since 1991 as strong markets keep ageing ships in service Just 21 ships arrived at ship recycling centres in September, with general cargoships contributing the biggest share, according to Lloyd's...
EV market uncertainty leaves question marks on oil demand The IEA World Energy Outlook predicts the switch to electric vehicles will remove a significant chunk of oil demand, but...
Hull premiums fairly priced at present, argues Peter Townsend 'I don't think they are making too much money. They're making good money,' says Miller star
Goldfish eyes rising demand from operators for freight financing Goldfish aims to grow further and extend its product to the tanker and gas sectors
NGOs call on UK to extend ETS to international shipping Green lobby groups and academics wrote an open letter to the UK Chancellor to argue the case for extending the...
CMA CGM leads boxship alternative fuel tonnage race The top three largest boxship operators account for 60% of all dual-fuel containerships ordered so far. CMA CGM leads the...
US truckload market edging closer to equilibrium following hurricanes The truckload spot market is cooling after a surge in rates and volume, but seasonality is expected to give it another boost as year-end holidays approach.
WaveBL says eBL test shows faster payments, cargo release The test showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger.
India's renewed protectionist policies threaten foreign liner network expansions The country could be on the verge of undoing legislation that abolished cabotage restrictions, saying the boost received by foreign-flag carriers has come at the expense of local shipping interests.
US West Coast cargo surge boosts Q3 intermodal numbers Frontloading of peak season cargo might have been a factor in why domestic intermodal volumes were higher-than-expected in the third quarter.
Savvy air cargo shippers use strategic rate, space deals to offset capacity constraints A year of disruption has been on-the-job training for air freight shippers that are now battle-hardened and prepared for a tough end-of-year peak season.
Houthis claim to target Maersk-chartered Costamare ship off Oman Military forces have not independently confirmed targeting of vessel in Arabian Sea
Seacor Marine takes broker to court after charterer's bankrtupcy Offshore vessel owner says it should be paid some of the $13m that GOL received from the Cox Operating Chapter 11 case
LR2s surge 36% in four days as Middle East product fixtures show 'signs of recovery' Smaller LR1s also join in the rate recovery
The Scorpio fixture that wasn't: Someone makes big money on an STI ship, but with a twist New York-listed owner is not in period-cover mode, but others are tapping a strong LR2 market
Wavelength podcast: US and UK increase sanctions pressure on Iran and Russia Norden explains its position in China and futurist KD Adamson talks 'noble-isation' of shipping
Container freight rates slide for 12th week in succession Port strikes and other disruptions likely to offset influx of 3m teu in capacity, says Drewry
Arrest warrant issued after Greek dockworkers block Israel-bound ammunition cargo Protest took place at docks controlled by China Cosco Shipping
Singapore brokers launch new platform to bring green ship recycling deals into the digital age Bid For Green platform aims to modernise the way shipowners connect with cash buyers
Trio of laden sanctioned Russian LNG shadow ships converge in Asia Northern Sea Route slams shut for all but Arc7 vessels as early as ice builds up
Hengli Heavy's billionaire owners go for Shanghai listing through reverse takeover Husband and wife team Chen Jianhua and Fan Hongwei combine their Songfa Ceramics with reborn shipbuilding venture
Why some shipowners are staring down the barrel of insurance hikes next year Aon says high number of pool claims is adding pressure to increase premiums
Tankers International's maritime walk raises £10,000 for Mercy Ships VLCC pool company's staff took in London's historic sights on 15 km trek
Singapore Shipping Association hires logistics veteran to replace long-time chief Michael Phoon Industry body has been hunting for a successor since August
Seatrade bags $150m from sale of container ship quintet to CMA CGM Saade-family controlled carrier is buying five high-reefer vessels
Investment manager Basalt Partners kicks off new LNG shipowning venture with Celsius Joint venture acquires leased LNG carriers from Cosco and China Merchants
Titan lashes out at Shell for not choosing LNG-fuelling on newbuildings Dutch company says major is sending out 'strange signal' and questions its commitment to decarbonisation
Baltimore bridge tragedy cost coal exporter $100m, claim alleges Grace Ocean and Synergy complain of 'false and misleading' statements in claims against them
US Marine beats 11 owners to lucrative US Navy charter for product tankers Maritime Partners-controlled shipowner could bank up to $73m
Trio of laden sanctioned Russian LNG shadow ships converge together in Asia Northern Sea Route slams shut for all but Arc7 vessels as early as ice builds up
Dutch shipbroker Friday & Co hires veteran Justin Archard on its S&P desk Firm had 24 vessels delivered in 2023
Crackdown on insurance cover could see ships banned from India's ports Measures follow cases of vessels failing to pay premiums
Miner Vale extends record wind propulsion investment with rotor sails on giant chartered VLOC Brazilian group agrees deal for rotor sails with owner NS United
Ambitious Al Seer taps Chinese lessor for $80m to finance ammonia-ready MR tankers Abu Dhabi owner agrees deal with Bocom Financial Leasing for South Korean newbuildings
Bahri banks $756m in Islamic financing to fund $1bn VLCC fleet from Evangelos Marinakis Tanker purchase announced in August is a vital part of owner's fleet renewal
'Roaring 2020s': Greek shipowners front and centre as bets placed on new and alternative sectors Veson Nautical's Dan Nash says huge rise in price of five-year-old PSVs explains Greek owners' newbuilding splash
Singapore brokers launch new platform aimed at bringing green ship recycling deals into the digital age Bid For Green platform aims to modernise the way shipowners connect with cash buyers
Maersk expansion plans mark 100 years of trade in China China chief says the Far East powerhouse's growth story is far from over
Azul Airlines boosts cargo capability with first A321 freighter Azul Airlines will soon deploy its first two Airbus A321 passenger-to-freighter aircraft.
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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