MMA training ship Patriot State set for first Sea Term voyage Massachusetts Maritime Academy's new National Security Multi-Mission Vessel (NSMV) training ship, TS Patriot State, is set to make its first extended voyage. The ship, which arrived on campus on October 10, 2024,
New REM Offshore IMR vessel will have Brunvoll thruster package Norway's REM Offshore has confirmed its option for a second vessel at Myklebust Shipyard. It will be built on the same Skipsteknisk ST-245 design as the innovative energy subsea construction vessel (ESCV)
Maersk applies peak season surcharge from West Africa to Canada Danish ocean carrier Maersk will implement a Peak Season Surcharge (PSS) for shipments from West Africa to Canada. The following surcharge will be effective from 15 January 2025 until further notice. Origin Destination Currency All 20 Containers All 40/45 Containers West Africa Canada US$ 500 1,000 Maersk has noted that the West Africa region includes Namibia, Angola, Benin, Burkina Faso, Cameroo
DP World makes history with first Blue Bond in the Middle East DP World has launched a landmark US$100 million Blue Bond to fund sustainable initiatives in marine transportation, port infrastructure, pollution reduction, and water-positive projects. This issuance, the first corporate Blue Bond from the MENA region and Central & Eastern Europe, highlights DP World's leadership in driving sustainability within the logistics sector. Sultan Ahmed bin Sulayem, Gr
CMA CGM applies updated rates from Middle East Gulf to North Europe and Med CMA CGM has announced new Freight All Kinds (FAK) rates, effective from 15 January 2025 and until further notice, as follows: 20' 40' From the Middle East Gulf to North Europe US$2,800 US$2,900 West Mediterranean US$2,950 US$3,050 East Mediterranean US$3,050 US$3,250 The updated FAK rates apply to dry cargo. If you liked this post, please consider donating The post appeared first on Container Ne
Port of Rotterdam expands Container Exchange route A year after the Container Exchange Route (CER) was launched, the project is entering a new phase. In 2025, the Port of Rotterdam Authority (PoR) will expand the CER by adding connections to the Distripark Maasvlakte and the ECT Delta terminal/Hutchison Port Delta II terminal through a main gate concept. This will be accompanied by investments in fibre optic and electrical infrastructure. The wor
Busan to test out "smart" container to nip lithium-ion battery fires Municipal authorities in the South Korean port city of Busan have designed a flame-retardant and insulated container to ensure that lithium-ion batteries can be transported safely, considering the fire risks of such batteries. This project was promoted through South Korea's Ministry of Science and ICT's scheme to develop technologies to solve business challenges. Equipped with blockchain technolo
Shanghai's sea-rail container transport hits 900,000 TEU mark Sea-rail container transport from Shanghai has gone up 30% year-on-year in 2024, to 900,000 TEUs. Authorities have worked to connect Shanghai with more hinterland locations, in line with the Belt and Road Initiative (BRI). Shanghai's sea-rail transport routes now cover more than 40 cities in nine provinces across China, including Jiangsu, Zhejiang, Anhui, and Sichuan. Shanghai Port Sea-Rail Trans
How Qatar Is Navigating Choppy Waters in Gulf Maritime Trade 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 .
ICTSI secures 25-year extension for Mindanao Container Terminal operations Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to continue operating and managing the Mindanao Container Terminal (MCT). This extension, granted by the PHIVIDEC Industrial Authority, allows MICTSI to oversee the terminal until 2058. PHIVIDEC administrator and CEO Atty. Joseph
MSC CEO Soren Toft takes the helm of the World Shipping Council Soren Toft, CEO of MSC, has been elected as the new Chair of the World Shipping Council (WSC) Board of Directors, while Randy Chen, Vice President of Wan Hai Lines, has been appointed as Vice Chair. Soren Toft and Randy Chen will serve a two-year term, effective immediately. The new Chair and Vice Chair succeed Rolf Habben Jansen, CEO of Hapag-Lloyd, and Jeremy Nixon, CEO of ONE, who have served
CN MAGAZINE Special Edition: A Comprehensive Recap of 2024 Container News is proud to announce the launch of the CN MAGAZINE Special Edition: Recap of 2024 , a comprehensive and insightful publication that captures the defining moments of the year in container shipping. Released today, this free-access issue brings together an in-depth review of the key events, trends, and milestones that shaped 2024. This year has been transformative for the shipping in
Hapag-Lloyd announces new East Med Express service Starting January 2025, Hapag-Lloyd is introducing its new East Med Express (EME) service. This service will provide direct connections from London Gateway (UK), Rotterdam (Netherlands), Bremerhaven (Germany), and Antwerp (Belgium) to Egypt. "This service will connect to our Gemini Shuttle Network via our hubs to attractive other locations in the East-Med and North Europe," said the German carrier
Thomas Kazakos appointed ICS Secretary General During a special online meeting of its board, the International Chamber of Shipping (ICS) unanimously appointed Thomas A. Kazakos as its next Secretary General. Kazakos will succeed Guy Platten, who is set to step down in June 2025. Kazakos has served as the Director General of the Cyprus Shipping Chamber, the National Member Association representing Cyprus at ICS, since 1995. Emanuele Grimaldi,
Stock Price Movements in Major Container Shipping Companies The global container shipping industry experienced a mix of volatility and stability in terms of stock prices this week, reflecting the interplay of seasonal demand, economic dynamics, and geopolitical developments. As the year-end holiday season approaches, market activities have been influenced by Christmas trade, economic reports, and lingering concerns about global trade. Here's a detailed ov
CMA CGM returns to Ukraine French container shipping company CMA CGM will become the third carrier to serve Ukraine with its own tonnage through the new Odessa Express (ODX). The CMA CGM's service will call at the port of Odessa, where the Marseille-based firm operates its own terminal. MSC and Iteris Feeders, the other two carriers serving Ukraine, have chosen the port of Chornomorsk, which lies more to the south. CMA CGM
Hapag-Lloyd's new rates from Indian Sub to Europe and North Africa Hapag Lloyd has announced an increase in ocean tariff rates for shipments from Pakistan, India, Sri Lanka, and Bangladesh to Europe and North Africa. This adjustment will apply to sailings commencing on or after 17 January 2025. The details of the rate increase are as follows: Dry 20' From To Current base rate New base rate Delta Nhava Sheva, India North Europe US$1,400 US$2,400 US$1,000 Nhava Sh
MSC more than doubles EOS from North Europe to US Swiss/Italian ocean carrier MSC has announced an increase in the emergency operation surcharge for shipments from North Europe to the United States, Bahamas and Puerto Rico. "In light of the significant changes in the transatlantic networks to restructure the services beginning of 2025, we are foreseeing operational disruption during the first months of next year," said the company. For this reas
ONE announces new Fredericia Shuttle Service Singapore-based box carrier Ocean Network Express (ONE) has announced the launch of a new Fredericia Shuttle Service. The new shuttle service is expected to offer a new connection to the Fredericia market with the company's global network through multiple hub ports in Germany - Bremerhaven and Hamburg. The port rotation of the SC2 service will be Bremerhaven (Germany) > Hamburg (Germany) > Freder
Industry unease at rising port congestion 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 .
Doxton Group Review: The Virtually Managed Financial Enterprises [doxtongroup.com] Money generation and advanced electronic commerce are the two terms that are most frequently used in trade. It examines the online market exchange plan of Doxton Group , but it has not decided whether to prolong it. Since this kind of agreement usually changes important aspects of the website, it could greatly impact how the trading site is developed. The authority platform of Doxton Group may be
Starting Your Own Import/Export Business What is an Import/Export Business? Individuals worldwide are becoming exceedingly creative with ways to grow their businesses. One such example is an import/export business. By definition, an import-export business is a company that purchases goods or services from one country and sells them in another. Many different types of industries fit within this niche, and some examples include: Clothing
MSC boss Soren Toft takes the chair at World Shipping Council Mediterranean Shipping Company (MSC) chief executive Soren Toft has been elected as the new chairman of the liner lobby group, the World Shipping Council (WSC). Randy Chen, vice chairman of Taiwanese containerline Wan Hai, has been elected vice chair. Toft and Chen will serve a two-year term, succeeding Rolf Habben Jansen, CEO of Hapag-Lloyd, and ...
Qube Ports faces more strikes across Australia Strikes at major Australian ports are set to continue in an ongoing dispute between unionised workers and Qube Ports over contract negotiations. Work stoppages will take place in Adelaide, Brisbane, Darwin, Gladstone, Melbourne, and Port Kembla. On Monday, union members went on strike at 10 ports around the country for a day, but they have ...
South Korea awards almost 1.9GW of offshore wind capacity South Korea's Ministry of Trade, Industry, and Energy has awarded nearly 1.9GW of offshore wind capacity across five projects in the country's latest offshore wind auction. More precisely, the ministry awarded 1,886MW of offshore wind capacity across three fixed-bottom projects, one of which is in two phases, and one floating wind project. The projects chosen ...
Aker Solutions nets new deal in Norway with Vår Energi Norway's Aker Solutions has signed a contract for maintenance and modification services on Vår Energi's Jotun, Balder, and Ringhorne assets in the southern area of the Norwegian Continental Shelf. The five-year agreement includes an option for Vår Energi to extend the contract by up to three additional two-year periods. No precise figure was given for ...
ExxonMobil buys FPSO Liza Destiny from SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Liza Destiny from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term which would have expired in December 2029. The purchase allows the US supermajor to assume ownership of the unit while SBM Offshore will continue ...
Swedish police boards Chinese bulker to observe cable outage investigation Swedish police on Thursday boarded the Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping and linked to the severing of two data cables in the Baltic Sea after being invited by Chinese authorities. The vessel has been wanted for questioning by Sweden as the top suspect in the severing of the Swedish-Lithuanian ...
COSCO signs for 10 kamsarmax newbuilds COSCO Shipping is pressing ahead with its massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has partnered up with Everbright Financial Leasing for 10 kamsarmax newbuilds, which will be built at Jiangsu Hantong Ship Heavy Industry. Financial details and delivery dates for the 82,000 dwt vessels, which will be leased ...
Castor offloads another boxship Cyprus-based shipowner Castor Maritime has announced its second containership sale. The Nasdaq-listed company is offloading the 2005-built 2,700 teu Gabriela A for $19.3m at a net gain of $0.8m. Castor picked up the German-built boxship, with charter attached, in a family-related deal from Ismini Panagiotidi-controlled Pavimar Shipping for $25.38m in late 2022 when it made ...
Saipem wins $900m deal for work on Shell's Nigerian project Italian offshore engineering and construction giant Saipem has been awarded a new offshore contract by Shell's Nigerian arm for the Bonga North project. Saipem will work on the project as part of a consortium with KOA Oil & Gas and AVEON Offshore. The project is related to the tieback of wells to the existing FPSO. ...
Noble bags drillship gigs in Gulf of Mexico and Ghana Offshore rig owner Noble has won new contracts for two of its drillships, one in the Gulf of Mexico and one in Ghana. The first contract was awarded to the 2011-built Noble Globetrotter I drillship by an undisclosed client. The contract is for one firm well with up to six optional wells comprising a total ...
Wison New Energies secures FEED job for Nigerian FLNG China's Wison New Energies has signed a FEED contract with Ace Gas for the 3 mtpa FLNG and 230MW power barge project, set to be deployed in Nigeria. This follows Wison New Energies completing pre-FEED work for the project in early 2024. The project aims to develop a 3 mtpa FLNG moored some 10 km ...
Tanjung Offshore inks well services deal with Petronas Malaysian contractor Tanjung Offshore, part of T7 Global, has won a contract for the provision of integrated well continuity services for intervention, workover, and abandonment from compatriot Petronas. Tanjung Offshore will provide perforation, wash and cement services, integrated workover for production enhancement and abandonment, project management team services, and a hydraulic workover uni
Sanctioned Greek shipmanager blasts 'shoot first' sanctions policy Greek shipmanager Rose Shipping says it only acted as a third-party technical management firm for the three tankers that were...
Container shipping poised for strong start in 2025 as rates rebound Carriers are enjoying a late-year rate rally in the transpacific, Asia-Europe rates are holding fairly steady at high levels, and...
Marine war risk will lose money in 2024, argues Aon's Meyrick 'There has been loss activity on the war portfolio, which may well dampen down capacity,' says broker
Crimea to Syria route closed after Assad regime falls Russia may have suspended wheat shipments, but satellite and vessel-tracking data shows the Syrian ports are open and vessels are...
Soren Toft elected WSC board chair The World Shipping Council has elected MSC's Soren Toft and Wan Hai Lines's Randy Chen as chair and vice-chair, respectively...
Worker dies after fall at HD Hyundai Mipo yard Investigation launched after fatality ends a period of eight consecutive years without a serious accident
What to look out for in 2025 Lloyd's List's editorial team gives you a head start for 2025 by discussing the most important things to look out...
Red Sea boxship transits hit 2024 high despite Houthi threat Smaller vessels were the main driving force behind last month's uptick. This coincides with opportunistic carriers continuously stepping in to...
Vehicle carrier supply crunch continues as uncertainty surrounds impact of EU tariffs Big orderbook for new large car and truck carriers and slowing demand for new cars are adding risk for vehicle...
A financier unfazed by shipping's carbon conundrums Neptune Maritime Leasing founder and chief executive Harris Antoniou says shipowners and regulators alike need to better understand energy transition...
Government tables seafarer amendments to Employment Rights Bill Some shipowners welcome move, while chamber considers implications
Swedish police board bulker suspected of cutting cables Representatives from five countries are on board the bulker, Danish media reported, which has been at anchor in the Kattegat...
The Daily View: International law is a slippery fish Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
US lawmakers propose taxing Chinese ships, forcing cargo on to US vessels America is woefully behind China when it comes to shipbuilding and shipowning. A new bipartisan bill proposes shock therapy to...
Daily Briefing Dark fleet intervention raises spectre of Russian naval escalation | Houthis say nine dead as Israel targets Yemeni ports |...
Yang Ming to order slate of new container ships in move to upgrade fleet The vessels will vary in size between 8,000 TEU and 15,000 TEU and are likely meant for deployment on the carrier's longer-haul intra-Asia and mainline east-west services.
Legislation aims to mandate China imports on expanded US-flag fleet Bills introduced in the House and Senate seek to expand the US-flag international fleet from the current level of about 80 ships to 250 in 10 years and would require all government cargoes to be carried on US-flagged vessels.
FedEx Freight spinoff is latest move to reshape US LTL market Disentangling FedEx's LTL and parcel units will take time, but it will rearrange the less-than-truckload market -- and most likely raise LTL shipping costs.
LA-LB rail dwells show improvement, but import bump could reverse gains Imports are likely to remain robust into January as shippers attempt to beat new tariffs expected to be imposed by the incoming Trump administration while also navigating an early Lunar New Year that begins Jan. 29.
Capacity glut drives further rate declines on India-US trade Continuing the steady slide from a late-July peak, average spot rates from West India to the US East Coast have dropped about 20% from the end of November.
Tight capacity, high demand expected to push air cargo costs higher in 2025 As the supply-demand imbalance drives air freight rates to levels not seen in two years, forwarders are trying to balance the contractual requirements of airlines while securing capacity at reasonable rates for customers.
Russian spill sparks call for fully implementing IMO's Arctic fuel oil ban Cleanup efforts continue after oil washes up on beaches in Black Sea
Iran to auction Saint James tanker seized over alleged oil smuggling Judiciary claims product carrier was detained in 2022 with 11m litres of fuel
Singapore's Kim Heng expands horizons in Africa and the Middle East Offshore operator seeks wider playground because of limited home turf opportunities
Fraud probe: Top staff at collapsed law firm Axiom Ince charged with criminal offences Chief executive and chief financial officer among five charged over allegations of misuse of client money
Glencore piles in for Middle East aframaxes to supply former Shell refinery Traders say oil buyer needs barrels for its Pulau Bukom plant in Singapore
Bulker owner Atlantska's shareholders back delisting in Croatia Company will exit Zagreb exchange after takeover by Tankerska Plovidba
Hope for VLCCs and aframaxes as tanker rates volatile Largest crude tankers could make some gains to close out 2024
US 'shoot first' sanctions policy slammed by Greek ship manager after VLCC blacklisting Rose Shipping said it has been wrongly labelled as the commercial manager of three tankers shipping Iranian oil
Dutch owner Longship adds two cargo vessels to newbuilding slate Domestic yard duo bags extra ships in eco-freighter series
Iran looking to sell 25m barrels of stored crude ahead of US sanctions crackdown Kpler cites market insiders as saying oil will be pumped from two Chinese ports
Wah Kwong-managed bulker grounded after short circuit deceived crew, probe finds Accident investigators believe not enough has been done to prevent a repeat of serious casualty
Shipping investors most bullish about crude tankers, survey says LNG and container segments attract the bears as investors look around for opportunity in the new year
Six stand-out transactions in an active year for shipping deal-makers While Navig8 and Adnoc L&S stole the show, they were not the only ones landing major transactions in 2024
Spike in container ship reinsurance costs reflects 'poor loss record over years' Broker Gallagher says International Group has resisted temptation to increase the overall limit of reinsurance
Affinity (Shipping) founder Richard Fulford-Smith to retire from shipbroking at end of March Market alive with talk on internal struggles at brokerage as succession plan accelerates
MSC chief executive Soren Toft to head World Shipping Council Liner shipping global lobby group also appoints Randy Chen of Wan Hai Lines as its new vice chairman
Shareholders could bank nearly $9m from Stainless Tankers sales at 'strong price' Analysts impressed by Tufton-backed owner's disposal of duo at above net asset value
'Rates don't lie': shipbroker Medco says VLCC earnings show China not turning to mainstream tankers Market chatter over replacing Iranian barrels is missing the bigger picture of falling crude imports, researcher argues
TradeWinds quiz: The 12 questions of Christmas Your true love, TradeWinds, gives to you, not a partridge in a pear tree, but the 'Quiz of the Year'
Nine VLCCs linked to Iran trade blacklisted by US Treasury Treasury says vessels have been involved in unsafe shipping practices
Investor influx: Shipping bonds and refinancings to drive unique Nordic market in 2025, says Arctic Head of research says low credit spreads for shipping companies are set to continue
Swan Energy revives Indian LNG import project with AG&P tie-up Companies will look at forming new joint venture to provide an FSRU
Investor influx: Shipping bonds and refinancings to drive Oslo's unique market in 2025, says Arctic Head of research says low credit spreads for shipping companies are set to continue
MSC's Bud Darr returns to CLIA as new president and chief executive Global cruise industry body expects former US Navy and Coast Guard man to lead it towards sustainability
VLCCs return to Algerian market as Angelicoussis tanker takes on full load Three big tankers have loaded oil in North African country after a four-year gap
Oldendorff bulker grounded after short circuit deceived crew, probe finds Accident investigators believe not enough has been done to prevent a repeat of serious casualty
Shell hooks up with YPF on FLNG project for Argentina Multiple LNG floaters will be needed to monetise Vaca Muerta reserves
Hanwha takes over Philly Shipyard as Kristian Rokke-backed company plots future Oslo-listed, US-based builder wants to pay most of $100m sale price to shareholders
EnTrust Global's $450m bid for Belships is 'fair' and 'reasonable', stock analysts say Shares surge 26% to NOK 20 in Oslo
Greek and Saudi Arabian venture swoops for bulker fleet with export finance to fund huge retrofit plan Is export finance the missing ingredient to secure profitable retrofit projects?
DNB Markets covets shipping's M&A crown amid cocktail of volatility Diverse mix of strategic and financial investors to drive wave of shipping deals
Institute of Chartered Shipbrokers launches project to restore positive image of shipping capitalize on its greatest resource - its own members - to highlight all that is good about the industry
Cosco Shipping Bulk in 10-ship bulker newbuilding deal Chinese shipping giant's order structured as leasing deal with Everbright Financial Leasing
Singapore's Kim Heng expands horizons in Africa and the Middle East Offshore operator seeks wider playground because of limited home turf opportunities
South Korea's dedicated technology testbed vessel set for first trials in 2025 K-GTB will help Korea Research Institute of Ships & Ocean Engineering test new fuels, electrification and autonomy
Asia-US container rates climb in latest Freightos index Fears of new tariffs and a strike at East Coast ports combined to push up ocean container rates on Asia-U.S. routes in December.
China Airlines to buy Boeing 777-8 freighters China Airlines is investing about $2 billion in large, future-generation freighter aircraft from Boeing.
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