Austal Australia adds two more Evolved Cape patrol boats to its order book Austal Limited (ASX:ASB) reports that Austal Australia has been awarded a contract extension for the construction of two additional Evolved Cape-class patrol boats for the Royal Australian Navy. The AUD $157 million
Equinor says it's "ready to go to work" on Empire Wind The Bureau of Ocean Energy Management (BOEM) today announced its approval of Empire Wind's Construction and Operations Plan (COP). This is the Equinor project's final approval from BOEM, following the agency's Record
Sanmar delivers first LNG-fueled Haisea Marine tug Turkey's Sanmar Shipyards reports that Haisea Kermode, the first of the two LNG-fueled escort tugs that it is building for Haisea Marine, has arrived in Vancouver, B.C., joining the three emissions-free Sanmar
Callan Marine christens dredge General Arnold Joining Galveston, Texas, headquartered Callan Marine's dredging fleet-which includes the General Bradley and MacArthur-is the newly christened 32-inch cutter suction dredge, the General Arnold. The new dredge was built at C&C Marine
Ensuring container fleet resilience with fuel flexibility The Greenhouse Gas (GHG) targets set by the International Maritime Organization (IMO) and other regulatory vehicles, such as the Carbon Intensity Indicator (CII) and the Energy Efficiency Existing Ship Index (EEXI) have provided all ship owners and operators with parameters for meeting interim GHG targets in 2030, 2040 and, ultimately, achieving net zero by or around 2050. The extension of the EU
Scrubber savings reach US$13 billion, reports Sea-Intelligence According to Sea Intelligence, the IMO2020 regulations require the use of fuel oils containing less than 0.5% sulphur, such as Very Low Sulphur Fuel Oil (VLSFO), or alternative compliance methods like exhaust gas cleaning systems, known as scrubbers. Scrubbers enable shipping lines to utilize higher-sulphur fuel oils (IFO380), which are cheaper. With a growing number of scrubber installations, th
Two dead, three missing after container ship hits bridge in Chinese port Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this morning (22 February). Around 5.30 am, Liang Hui 688, a 2016-built 5,000 gt domestic Chinese container ship, reportedly hit the Lixinsha Bridge in Guangzhou's Nansha district, causing the bridge to collapse partially. Consequently, four cars and one motorcyc
Europe's largest quay cranes arrive at DP World's London Gateway DP World has received Europe's largest quay cranes at its flagship London Gateway logistics hub, marking its latest investment to boost the United Kingdom's future trading capability. Weighing more than 2,000 tonnes, the giant cranes will come into service at London Gateway's new fourth berth , set to open this summer. Following a two-month journey from China, the quay cranes arrived at London Ga
BIMCO publishes ship financing forms for uninterrupted use of vessels BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers' uninterrupted use of a ship if the owner defaults under the financing facility. The QELs will be provided by the lender to the charterer to ensure that the charterer, who does not have a contractual relationship with the lender bu
Major Swedish port gains status in European Union network The recent designation of comprehensive status for Stockholm Norvik Port marks a significant milestone following the approval of an agreement on European Union regulations for the development of the Trans-European Transport Network (TEN-T). As an integral part of the EU transport network, this status enables the Swedish port to pursue EU funding opportunities, paving the way for further enhanceme
Rotterdam sees TEU decline amid stable financial results The Port of Rotterdam handled 13.4 million TEUs in 2023, translating to a 7% drop compared to the previous year's figures. Additionally, the container throughput in tonnes was 130.1 million tonnes, lower by 6.8%. "Container throughput has proved to be very volatile in recent years in response to Covid and geopolitical developments," said a Port of Rotterdam official, adding that the main reasons
sennder appoints new Chief Commercial Officer The European digital road freight forwarder sennder announced the appointment of Katherine Boesen as its new Chief Commercial Officer (CCO). Boesen's addition marks a significant milestone in sennder's growth trajectory as it aims to bolster customer relationships with major shippers across Europe and reinforce the value proposition of its platform and services, according to the company's stateme
MSC to open new feeder calls at India's eastern Paradip Port Mediterranean Shipping Co. (MSC) has inked a deal to start a feeder service between Paradip Port (PPT), a major gateway on India's east coast, and Sri Lanka's Colombo Port. The service is due to start in early March, initially offering two or three sailings a week and as volumes build, it will be enhanced to a weekly frequency, according to industry sources. Paradip has traditionally thrived on b
Port of Oakland appoints new maritime marketing manager The Port of Oakland has appointed Carolyn Almquist as its new maritime marketing manager, bringing with her extensive experience from the private sector in international trade. Almquist joins the Port of Oakland following a 25-year tenure at American President Lines (APL), a subsidiary of the CMA CGM Group. Throughout her career at APL, she progressed to executive leadership positions, including
Castor sells bulker to Panagiotidis family member for $16.2m Cyprus-based bulker and boxship owner Castor Maritime has sold one of its bulkers for a price of $16.2m. Castor Maritime entered into an agreement to sell the 2010-built kamsarmax bulk carrier to an entity beneficially owned by a family member of Petros Panagiotidis, the company's chairman, CEO, and CFO. The company has already sold vessels ...
Stonepeak splashes $3bn for half of largest US offshore wind project Investment firm Stonepeak has bought a 50% interest in Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project for $3bn. The deal for the project stake was made with a subsidiary of Stonepeak Partners, an infrastructure investment firm managing over $61bn in assets. The transaction is scheduled to be completed by the end of ...
Teekay Tankers makes move on its final eight leased ships Teekay Tankers has set to wrap up its vessel buyback programme having agreed to take back eight and final remaining tankers tied to sale and leaseback deals. The New York-listed firm will be paying $137m for the transactions, which should leave the Kevin Mackay-led mid-sized tanker player free of debt in the first quarter of ...
Genco confirms sale of capesize duo US-listed Genco Shipping & Trading has continued its fleet renewal push and confirmed earlier broker reports about disposing of two more elderly capesize bulk carriers. The John Wobensmith-led owner of more than 40 dry bulk ships has sold the 2010-built Genco Claudius and 2009-built Genco Maximus for delivery to unnamed buyers in February and March, ...
Kishore Rajvanshy steps down at Fleet Management Hong Kong's Fleet Management (FLEET) has begun the search for a new managing director as co-founder Kishore Rajvanshy decided to step down from the role after three decades. As part of the leadership transition, Angad Banga, chief operating officer of FLEET parent company, The Caravel Group, will co-lead FLEET with Rajvanshy. Rajvanshy will continue to ...
PGS awarded 3D survey deal in the Mediterranean Oslo-listed seismic player PGS has been awarded a 3D project in the Mediterranean for an undisclosed energy company. The vessel will be used for the project and is scheduled to start the survey in early March. The project has a total duration of approximately 30 days. This project was not included in the $336m order ...
Yara Marine Technologies rebrands to Manta Marine and reveals new leadership The shipping industry's green tech supplier Yara Marine Technologies (YMT), recently sold to Geneva-based Okapi Supply Trading Advisory, has been rebranded and revealed a new leadership team. The company, now named Manta Marine Technologies, will be led by CEO Ina Reksten (pictured), who previously served as the deputy CEO and COO. Outgoing CEO Thomas Koniordos ...
Shell and Simply Blue exit floating wind projects Energy major Shell and Irish offshore renewables developer Simply Blue have opted to exit floating wind joint ventures to better focus on other markets. Shell signed a sales and purchase agreement with Hexicon transferring full ownership of the MunmuBaram joint venture. Under the agreement, Hexicon will increase its stake in the project from 20 to ...
Plans made to save Houthi-struck bulker from sinking An abandoned Belize-flagged bulk carrier which was damaged by Yemen's Houthi missile strike, is still floating despite taking in water. The Houthis had earlier said the vessel was in danger of sinking after claiming the attack that took place in the Strait of Bab el-Mandeb late Sunday and forced the crew of 24, including four ...
DOF bags offshore wind farm export cable repair gig Norwegian offshore vessel owner DOF has been awarded a contract to repair an export cable for an offshore wind farm in the Southern North Sea. The project, awarded by an undisclosed client - only described as an international energy operator, includes the retrieval of the damaged cable and termination, installation, trenching, and commissioning of the ...
Minerva Marine offloads its oldest cape Greece's Minerva Marine has made use of the hot dry bulk market to offload its oldest capesize vessels. The Andreas Martinos-led diversified owner of more than 70 ships has sold the 15-year-old , the company's first listed bulker sale in nearly 10 years. Brokers in Athens have seen the Jiangnan Shanghai Changxing Shipbuilding-built 177,736 dwt ...
Sulmara charters in Atlantic Offshore ERRV for renewables market refit Glasgow-based subsea specialist Sulmara has sealed a chartered-in deal with Norwegian owner Atlantic Offshore for an emergency response rescue vessel (ERRV), which will be refitted for work in the offshore renewables sector. The 2014-built Ocean Marlin has been secured on a three-year charter under which Sulmara will carry out a multi-million-pound upgrade to the vessel ...
KCA Deutag awarded contract extension by Vår Energi Drilling and engineering contractor KCA Deutag has secured more work on the Ringhorne platform in the Norwegian North Sea from operator Vår Energi. Under a two-year extension deal, the Aberdeen-based company will provide offshore drilling and maintenance services through to March 2026. The award of this extension solidifies the partnership between KCA Deutag and the ...
Petrobras taps Baker Hughes for Buzios well construction services Nasdaq-listed oilfield services major Baker Hughes has won a contract award from Brazilian oil giant Petrobras for integrated well construction services in the Buzios field offshore Brazil. The integrated services project is set to start in the first half of 2025 and will include drilling services, drill bits, wireline, cementing, wellbore clean up, fishing, remedial ...
Biden to replace Chinese-made cranes at all American ports Election year in the US with hysteria growing by the day about a more strident China has seen the White House take action over a perceived threat at its ports. President Joe Biden yesterday signed an executive order giving the coast guard greater powers to police cyber security at ports, as well as setting in ...
JP Morgan pockets tidy profit from cape sale JP Morgan is one of many big shipping names that has broken cover this month, joining a string of famous companies bidding or selling in the very active capesize market. This time the cash player is keen to make a profit, selling a mammoth sized bulker it bought from Japanese shipping mammoth Nissen Kaiun in ...
Barge rams bridge in Guangzhou A Chinese container barge rammed into a bridge over the Pearl River in the city of Guangzhou early this morning, sending vehicles into the water below with a section of the bridge falling into the river. The number of casualties remains unknown. The vessel was travelling from Foshan's Nanhai district towards Nansha in Guangzhou when ...
International Chamber of Shipping sets out industry principles to combat harassment and bullying The International Chamber of Shipping (ICS) has published a guide to combat and eliminate harassment and bullying in the maritime sector. The free industry guidance sets out five high level and eight detailed principles to address the issue. ICS submitted the principles to shipping's global UN regulators, the International Labour Organization (ILO) and the International ...
Broken down bulk carrier barred from entering Australia for a year A post-panamax bulk carrier that sat stranded for months in a central Queensland port has been towed back out to sea and banned from Australia. The arrived at the Port of Gladstone in October last year and was set to take a shipment of coal to Southeast Asia. However, mechanical issues saw it moored at ...
Eastern Pacific Shipping enters wind-assisted propulsion space with bound4blue deal Eastern Pacific Shipping has made its first move in the wind-assisted propulsion space, signing a deal with rigid suction sail...
Fractal Shipping blacklisted as UK marks anniversary of Russian invasion with fresh sanctions Tanker owner Fractal Shipping, founded in 2022 with a focus on Russia trades, has been blacklisted by UK regulators for...
ICS launches industry guide to combat bullying and harassment Initiative comes as ILO and IMO meet this month, and after ILO study finding nearly one in five workers across...
Lloyd's List Intelligence agrees data tie-up with UK's Sedna Partnership will see Lloyd's List Intelligence's vessel-tracking data integrated into communication software developer's new AI-driven solution for charterers, Pulse
Teekay Tankers nears debt-free position on concluding strongest-ever year Strong oil demand, the Russian invasion of Ukraine's effect on tonne-miles and low fleet growth propelled mid-sized tanker specialist Teekay...
Hanwha Ocean expects order growth after operating loss shrinks in 2023 Consecutive annual losses turn around, with net profit of $120m. However, operating profit remains in the red
Reefer market sees temporary boost from rerouting After falling across the past year, reefer rates have seen an uptick in 2024. But the improvement is expected to...
Metis links with Danish firm in offshore data analytics tie-up Co-operation with Danish offshore shipping company Esvagt takes Greece-based data analytics firm Metis' range of solutions 'in a new direction'
More P&I clubs announce renewal outcomes Higher premiums, stable pool and improved investment returns should see most International Group affiliates the right side of the line...
Wood Mackenzie report highlights key role for Asia-Pacific in global emission reduction efforts Renewables and electric vehicles will be key to the regional transition, report's authors say. A significant change to low-carbon energy supply...
Norwegian Car Carriers firms shipbuilding contracts for PCTC pair Firming of newbuilding contracts by Oslo-headquartered vehicle carrier tonnage provider follows letter of intent signed in November 2023. Including NOCC's...
Houthis strike again in Gulf of Aden The Iran-backed Yemeni militants are undeterred by international efforts to counter and disrupt their attacks
Lloyd's Register appoints new head for OneOcean platform LR acquired the software platform OneOcean in 2022. Former maritime and logistics software chief executive assumes control from founder
Vitol Bunkers' takes delivery of Asia's first specialised biofuel bunker barge Barge design meets regulation and can supply up to 100% biofuel bunker, with the option of being reconfigured to supply...
Rajvanshy hands over Fleet leadership role after three decades Fleet Management's managing director Dr Kishore Rajvanshy will continue to oversee the ship-related divisions, while other departments will be led by...
WinGD and Mitsubishi achieve milestone initial design of ammonia fuel supply system Collaboration will ensure that auxiliary systems and integration capability are in place to apply WinGD's engine designs
Record US-Europe crude flows as Houthi Red Sea attacks sideline Iraqi imports Change in refineries' crude buying patterns across Europe underscore the global recalibration in seaborne oil trades following three months of...
Daily Briefing Cosco ships join dwindling number risking Red Sea passage | Falls in Red Sea ship traffic stabilise as Suez transits...
NS to eliminate Midwest service from Charleston, Savannah due to low volumes Railroad officials informed Georgia and South Carolina port authorities earlier this week, giving them one-month notice that service will no longer be offered to Chicago, Cincinnati and Louisville.
Asian shipowners to see €500 million ETS charge this year: analysis The ETS will affect 4,000 Asian-flagged vessels, which equates to one-third of the total 12,500 cargo and passenger ships that are subject to the European Union carbon tax.
Flexport resurrects Convoy truckload tech as tool for drivers, brokers Increased driver adoption of apps in the truckload industry was driven in part by now-shuttered broker Convoy, whose technology was relaunched Thursday by forwarder Flexport.
India-Europe trade hit hard by longer transits amid Red Sea diversions Carriers are dealing with a significant backlog of cargo that has built up because of longer transit times, cutting down available space for exports and raising rate levels.
January cargo spike could suggest import recovery in eastbound trans-Pacific The fourth consecutive month of year-over-year growth in US imports from Asia might be a sign the world's busiest trade lane has turned the corner after a lackluster 2023 in which imports declined about 13%.
No bump yet in trans-Pacific demand from Red Sea, Panama Canal: Matson Matson said its trans-Pacific volume outlook for 2024 is roughly flat with last year owing to modest growth in its Jones Act business and little impact yet from other supply chain crises.
White House counters risk of Chinese port cranes with $20 billion for US sourcing Along with new funding for the domestic manufacturing of container cranes, the Biden Administration has given the US Coast Guard more power to monitor cyberattacks on port and maritime infrastructure.
Savannah reducing 'free time' window to accept export containers The change in policy for so-called earliest receiving dates was due to go into effect March 1, but exporters asked the Georgia Ports Authority for more time to adjust their warehouse operations.
Ryder expands footprint in Laredo after truck border crossings rose 5% last year A new 228,000-square-foot warehouse and distribution facility near Laredo's World Trade Bridge will help Ryder scale operations for cross-border shippers.
Capesize spot rates jump up as major miners get back in business after Lunar New Year Rates were assessed over $2,000 higher on Thursday as activity awakes
US LNG project permitting pause adds 'uncertainty' to global markets, Cheniere says Chief executive makes impassioned call to US authorities on review of planned new liquefaction
Genco Shipping facing 'frenzy' in market for large secondhand bulkers Capesize and 'eco' tonnage is a tough find, as even midsized vessels 'fly off the shelf'
High-emissions ships risk losing insurance cover, warns underwriter Study explores ways insurers could encourage shipping's decarbonisation
UK sanctions tanker newcomer Fractal and Turkey's Beks over Russia trades It has to be legal: CEO Mathieu Philippe told TradeWinds last month that the company operates within G7 rules
High-emission ships risk losing insurance cover, warns underwriter The study explores ways insurers could encourage shipping's decarbonisation
Russia's Arctic LNG 2 project sanctioned by UK Novatek directors were also named in the list published on the eve of the second anniversary of Russia's invasion of Ukraine
Tanker newcomer Fractal blacklisted over Russia trades It has to be legal: CEO Mathieu Philippe told TradeWinds last month that the company operates within price cap rules
Wind vessel supply looking 'very tight', Clarksons says But Clarksons Research says growing orderbook is a concern
Veteran multipurpose vessel damaged after hitting rocks off Albania The Bergfjord was en route to Turkey with a scrap cargo
Sailing through a warzone: Fears for seafarers mount as Red Sea crisis takes its toll Even when their ship passes safely, the emotional toll on mariners can last beyond their time in dangerous waters
Sanko Steamship puts final ship up for sale Japanese company came out of administration in 2014 but has struggled to recover
Rerouted Red Sea ships face rising threat of piracy, warns IMO chief Secretary general Arsenio Dominguez says that the UN body has talked to African authorities to combat any increase in activity
Bulker banned from Australia for 12 months amid safety crackdown Regulator was disappointed with shipowner's response after engine breakdown
Thor Dahl bids farewell to container shipping as it sells veteran vessel Company calls time on a profitable adventure in the boxship market
Punish Russia with stricter oil price cap, campaigners urge Nearly 300 groups demand action to prevent the growth of the shadow fleet hauling Russian oil
How is Oaktree's godfather, Howard Marks, like Michael Corleone? It's the convertibles This week's Streetwise takes a look at convertible notes and how they pulled Oaktree back into Eagle Bulk
Houthi minister says Red Sea is 'absolutely safe' as group 'holds EU talks' Hussein al-Ezzi tells Yemeni TV channel that only US, UK and Israel-linked ships will be targeted
High seas to prison hell: Captain stuck behind bars after life-changing 'slip of the tongue' Captain Zhang Deyi's case highlights the need for an overhaul of how seafarers are treated when things go wrong, say campaigners
Chevron opts to retrofit reliquefaction and emissions reduction kit to LNG duo Energy major turns to South Korea's HD Hyundai Marine Solution for upgrade job
Bulker banned from Australia for 12 months amid ongoing safety crackdown Maritime regulator says it was disappointed with KMAX Leader owner's response after engine breakdown
Outperforming marine arm lifts Bureau Veritas to record earnings French class society looks to strong 2024 on back of strong organic growth
Harry Vafias-led StealthGas posts back-to-back record profits LPG carrier company hedges its bets in volatile markets
'UK-owned' ship on fire after attack in Gulf of Aden UKMTO says two missiles fired at vessel on Thursday morning
Boskalis swoops for Altera's fleet of super-large anchor-handlers Dutch owner's deal revealed by Brazilian competition ruling
Fleet Management hunts for new managing director as Kishore Rajvanshy steps down Veteran prepares to pass baton to the next generation at one of the world's largest third-party ship managers
Seacon Shipping inks $130m deal for series of tanker newbuildings Chinese owner looking to diversify and expand its fleet
Norwegian domestic wealth fund's Frontline bet pays off for $1.3bn shipping and offshore book Fund added exposure at multiple Fredriksen companies, BW LPG and Hoegh Autoliners
Altera Shuttle Tankers mandates banks for $150m bond issue as it posts loss Fixed income investor meetings start on 23 February
Pelagic Partners builds stake in Hunter Group as it bets on tankers Cypriot investor now holds more than 5%
Teekay Tankers splashes $137m on final vessel buybacks to go debt-free Record markets leave midsize crude tanker giant able to extricate itself from leasebacks
Eastern Pacific breezes into wind propulsion with bound4blue sails aiming for 10% fuel cut Suction sail technology adds to a variety of efforts by Singapore shipowner to reduce carbon intensity
Hope for tanker owners as Dangote refinery set to export first two cargoes Product carriers needed to lift fuel oil and naphtha cargoes in Nigeria
High seas to prison hell: Captain stuck behind bars a decade on from life-changing 'slip of the tongue' Captain Zhang Deyi's case highlights the need for an overhaul of how seafarers are treated when things go wrong, say campaigners
Hornblower pulls plug on US cruise arm as American Queen Voyages put under Chapter 11 Expedition and river cruise company to liquidate under voluntary bankruptcy filing
Vitol takes delivery of specialised biofuel bunker tanker in Singapore Trader says vessel can also be re-configured to supply methanol
Business up in January at ports of Savannah, Brunswick Georgia Ports Authority said it handled 428,000 containers and 65,400 roll-on, roll-off units in January.
West Coast leads latest surge in US container imports Following 15 months of challenges, U.S. ports are once again experiencing substantial growth in inbound containers.
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