VIDEO: Offshore charging for two new Irish Sea wind farms? As offshore wind developments are seen as an ever more important supplier of green power, increasing attention is being paid to making the wind farms themselves greener. As part of that quest,
American Cruise Lines christens its second Coastal Cat American Glory, the second Coastal Cat in American Cruise Lines' new series of 100-passenger ships, was christened in Key West, Florida, Jan. 21. The vessel entered service in November last year after
ASMAR awards Syncrolift shiplift design contract Chile's largest shipuilder, state-owned ASMAR (Astilleros y Maestranzas de la Armada)(ASMAR) has awarded Nekkar ASA subsidiary Syncrolift AS the tender for the basic engineering design of a 5,000 tonnes shiplift and transfer
Launch of private 5G network at Tacoma Tideflats by 5G Open Innovation Lab, Washington Maritime Blue, and City of Tacoma The 5G Open Innovation Lab (5G OI Lab), a global innovation ecosystem that brings together multi-stage startups, enterprise and global technology platforms and investors to connect and collaborate on developing disruptive new enterprise technologies, EDGE Cluster, Washington Maritime Blue, a non-profit, strategic alliance formed to accelerate innovation and sustainability in support of an inclusi
Xeneta appoints new chief revenue officer Tonia Luykx, renowned for her success in scaling software as a service (SaaS) and tech businesses such as Sift, Google, Dropbox, and Amazon, has assumed the role of chief revenue officer at Xeneta, the ocean and air freight rate benchmarking and intelligence platform based in Oslo, Norway. According to a statement, tasked with propelling revenue growth through an industry data revolution, Luykx a
CMA CGM to apply new congestion surcharge in Cameroon In response to the existing congestion situation in Kribi, Cameroon, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS). The French ocean carrier will introduce a surcharge of US$150 | GB£120 | €140 per TEU for both dry and reefer cargo. CMA CGM's PCS will be effective from 1 February, except the United States, its territories and Canada, where the surcharge will take e
Prodevelop secures PCS contract with Port Authority of Avilés Prodevelop, a Valencia-based digital transformation solution provider for the port and terminal industry, has won the tender for the development and maintenance of the Port Community System (PCS) of the Spanish Port Authority of Avilés. The project will focus on the implementation of certain PCS modules, covering crucial areas such as water and power supply requests, fuel supply, and other vessel
ONE revamps its Adriatic Feeder Service Singaporean container line Ocean Network Express (ONE) has announced an update to its Adriatic Feeder Service (AIB) in the Mediterranean region. ONE said it has decided to redesign its service to offer seamless connectivity to the recently announced updated Asia-Mediterranean network (MD1 / MD2 / MD3 services). The first vessel sailing under the updated AIB service will be the 1,100 TEU, 2010-bui
JAXPORT announces 30-year deal with Enstructure The Board of Directors at JAXPORT has unanimously approved a 30-year agreement with Enstructure, a US marine terminal and logistics company, for the lease and development of 320,000 m² of waterfront property at JAXPORT's Talleyrand Marine Terminal. Enstructure, the parent company of Seaonus Stevedoring based in Jacksonville, has been a JAXPORT tenant for 27 years, currently operating 142,000 m² a
Hapag-Lloyd enters Gemini in unfavourable position: Linerlytica Hapag-Lloyd is disadvantaged in Gemini Cooperation, the upcoming collaboration between the German operator and its Danish peer Maersk Line, according to Linerlytica, which opined, "Hapag-Lloyd will be entering the partnership in an unfavourable position, with a total fleet strength that is only half the size of Maersk's." The Hamburg-based carrier has a current fleet of around 1.98 million TEUs,
Port NOLA secures grants for Louisiana International Terminal project The Port of New Orleans (Port NOLA) has been awarded an additional US$226,220,195 in a federal grant to assist in building the Louisiana International Terminal (LIT). The US Department of Transportation notified Congress that it intends to award this funding through its Infrastructure for Rebuilding America (INFRA) competitive Grant Program. In addition to the US$226 million INFRA Grant, the US D
APM Terminals new online portal simplifies processes for shipping lines APM Terminals has developed a cutting-edge online platform, the Hazardous Documentation Vault (HazDV), to streamline the management of hazardous cargo documentation for shipping lines. In its initial release, this global tool significantly reduces the steps required for crucial safety tasks. The incorporation of auto-completion and drop-down fields featuring standard IMDG terminology enhances cla
Diana Shipping offloads 18-year-old panamax for $13m New York-listed Greek bulker owner Diana Shipping has signed a memorandum of agreement to sell to an undisclosed customer an 18-year-old panamax. The customer described only as an "unaffiliated third party" bought the 2006-built, 76,942-dwt ship with delivery to the buyer by March 8, 2024, at the latest. According to a statement by the company, ...
Stillstrom assessing offshore wind vessel charging off UK Stillstrom, in partnership with EnBW and BP, has started a feasibility study for integrating offshore charging of service operation vessels (SOVs) and crew transfer vessels (CTVs) into the Morgan and Mona wind farms offshore the UK. Offshore charging could enable EnBW and BP, Morgan and Mona wind farm developers, to achieve an electrified and decarbonised ...
Siemens Gamesea taps Acteon for Butendiek offshore wind farm maintenance UTEC, Acteon's geo-services brand, has been awarded a three-year contract by Siemens Gamesa to provide subsea operations and maintenance services to the Butendiek wind farm offshore Germany. UTEC's work during the contract will be supported by Clarus, Deepwater, and Seatronics - all Acteon brands. Under the contract, Acteon will perform annual subsea foundation remotely operated ...
Foremost linked to methanol-ready kamsarmax newbuilds at Chengxi New York-based Foremost Group has returned to China after nearly five years with a deal for kamsarmax newbuilds. The Angela Chao-led bulker owner has been placed by brokers behind an order for up to four 82.000 dwt ships at Chengxi Shipyard. No price has been revealed for the ships understood to have been contracted for ...
Maran Tankers lines up shuttle tanker newbuilds in South Korea Maran Tankers, a unit of Greece's Angelicoussis Shipping Group, is bolstering its newbuild orderbook with a trio of shuttle tankers in South Korea. Shipbuilding sources are reporting that the Maria Angelicoussis-led owner of over 50 tankers is set to put pen to paper on an order for three 158,000 dwt ships at DH Shipbuilding. The ...
Concordia Maritime moves to delist as Stena seeks compulsory buyout Concordia Maritime has moved to delist from Nasdaq Stockholm and its largest shareholder, Stena Sessan, has requested a compulsory buyout of the remaining shares it does not already own. Stena Sessan made a cash bid of SEK9.80 ($0.94) per share to take full control of Concordia Maritime in December and currently owns more than 90% ...
BGN returns to Hyundai shipyard to raise VLGC wager BGN is increasing its wager on LPG/ammonia trades by signing up for two out of a series of about 15 very large gas carriers recently booked for construction at shipyards under the holdings of HD Korea Shipbuilding & Offshore Engineering. Multiple brokers have linked the Dubai-based energy trader to a pair of 88,000 cu m ...
BAR Technologies turns to China for production of WindWings sails Marine engineering consultancy BAR Technologies (BAR) has formed a partnership with China Merchants Energy Tech to manage and oversee the production of WindWings sails. According to the company, the agreement with CM Energy Tech will enhance its ability to manufacture enough WindWings to satisfy the growing demand. "As the shipping industry begins to rapidly respond ...
Port of New Orleans box terminal project gets $266m federal funding The Port of New Orleans (Port NOLA) has been awarded an additional $226m federal grant to assist in building the $1.8bn Louisiana International Terminal (LIT). The new box terminal, which will be located in Violet, Louisiana, will leverage Port NOLA's connectivity via four interstate systems, six class I railroads, 14,500 miles of inland waterways and ...
Dayang scores Petronas contract extension Malaysia's Dayang Enterprise has secured a work scope contract extension from Petronas, the parent company said in a stock exchange filing. The deal, which covers maintenance, construction, and modification services offshore Malaysia, covers the Sarawak Gas area. The value of the contract extension is based on work orders issued by Petronas and the offshore maintenance ...
Fleet of pure electric boxships lined up to shift containers around Shanghai The city of Shanghai has ordered up to 20 pure electric zero-carbon containerships that will operate on the Huangpu River zero-carbon green logistics route. The signing of the contracts for the first batch of vessels marked the launch of the so-called Pudong Green and Smart Shipping Ecosystem initiative. According to local media reports, only two ...
Maridive's Emirati unit lines up $40m asset sale to settle debt Egyptian OSV player Maridive has announced that its Emirati unit, Ocean Marine UAE, is finalising a deal to sell a $40m marine unit. The company said in a stock exchange filing that the proceeds from the sale, which is expected to be completed shortly, would be used to settle Ocean Marine UAE's debt of $45.5m. ...
Solstad Offshore wins new CSV deal and extension from Petrobras Norwegian offshore vessel owner Solstad Offshore has won a new contract for one vessel and an extension for another from Brazilian major Petrobras. Solstad won a new deal from the Brazilian company for the Normand Fortress CSV. The contract has a duration of two years with the possibility of a two-year extension. According to the ...
Covid revisited: Empty container concerns grow as Red Sea shipping crisis drags on The Houthis traded fire with fire once again yesterday, claiming they had carried out a strike on an American navy heavy load ship called Ocean Jazz, something disputed by the US military who in turn took out some Houthi military installations in Yemen in attacks coordinated with UK counterparts. With the Red Sea shipping crisis ...
Starlink offers all ships free internet for two months The widespread, rapid adoption of Elon Musk's Starlink internet service on hundreds of ships was arguably the biggest onboard tech development of 2023, something that is set to snowball this year. Musk started marketing Starlink to maritime customers in the middle of 2022 and within the space of around 12 months many of the largest ...
Ocean Alliance agreement makes any liner switch unlikely Lawyers at global liners have been busy poring over the fine print of their alliance set-ups in the week since Hapag-Lloyd shocked its peers by ditching THE Alliance to form the Gemini Cooperation with Maersk. While speculation is rife that a member of the Ocean Alliance might be coaxed to jump ship and join THE ...
Geneva Dry: 100 days to go There's just 100 days to go until the inaugural Geneva Dry kicks off at the Hotel President Wilson. The two-day summit has quickly cemented its position as the single, must-attend global event for dry bulk shipping, a place to seal deals and find solutions to many of the industry's most pressing issues. Among the latest ...
Multipurpose sector faces fleet replacement challenge Chinese shipyards are now less interested in building smaller, less sophisticated tonnage, but India is becoming an attractive shipbuilding option...
Almost all ultra-large box tonnage sailing round Cape of Good Hope Migration of ultra-large containerships south to avoid the Bab el Mandeb strait has led to a complete rerouting of Asia-Europe...
Economou and Alpha continue Greek charge into ammonia carriers Lured by projected expansion of demand for ammonia, owners vie for newbuilding slots for new breed of very large gas...
Mysterious new Chinese carrier emerges to capitalise on risky Red Sea trades Emerging carrier claims to offer 'ultimate care for crew, cargo and vessel with high-security level' for its Red Sea transits...
Diverting box lines face choices over speed, costs and profits Container services are facing disruption due to the crisis in the Red Sea. And for container lines, few things are...
Marine insurance inflation varying widely by vessel type, Baltic Investor Indices data indicate Figures corroborate broker claims that all main marine classes have been witnessing hardening rates of late
Diana diversification into wind farm vessels doubles order Move brings to four the order for hybrid wind farm vessels that will be able to run on methanol and...
Drone activity reported as Houthis issue defiant response to air strikes UKMTO investigating 'uncrewed aerial system activity' off Yemen's coast as Houthi's vow to continue attacks against shipping in response to...
Three Greece-owned tankers laden with Russian fuel oil divert from Red Sea transits Options, such as ship-to-ship transfers to larger very large crude carriers to go around the Cape of Good Hope, are...
Equipment prices rise as shortages loom Shippers face reduced equipment capacity in lead up to Chinese New Year. But excess capacity built up over pandemic should...
Okeanis bags increased spot rates for VLCCs and suezmaxes So far in 2024, VLCC spot rates for the Greece-based owner are 68% higher than the average for the fourth...
SITC forecasts 73% profit slump for 2023 The decrease in profit can be attributed to increased shipping capacity and weak demand, which is caused by a sluggish...
Seafarer abandonment cases up 10% to reach record in 2023 Nearly 1,700 seafarers abandoned in 132 cases reported to the International Labour Organization last year
NorthStandard to open new office in South Korea NorthStandard's South Korean business has historically been serviced from Singapore. But with the South Korean market's increasing importance to the...
Daily Briefing CMA CGM continues to run Red Sea gauntlet | Sanctioned Hennesea Holdings tanker blocks Bosporus traffic | Red Sea diversions...
Logistics company to expand footprint at Jaxport's Talleyrand terminal Under a $136 million multi-year lease with Jaxport, Enstructure will also develop 200,000 square feet of on-terminal warehousing that's expected to increase the port's non-containerized cargo by 20%.
US LTL trucking rates to rise 4% on average in 2024, FTR forecasts The short-term boost less-than truckload carriers gained from Yellow's exit lifted rates, but the impetus is fading, speakers at the SMC3 JumpStart 24 conference said.
C.H. Robinson adopting standard US LTL e-bill of lading The move by the largest US logistics provider to use a standardized electronic bill of lading accelerates digitization in the less-than-truckload sector.
Surge in US truck spot rates to ebb as US storm threat lifts Spot rates rose last week as widespread winter storms froze shipping across a large part of the US, but weak freight demand softened the blow for shippers.
George Economou raises the stakes in his OceanPal investment Greek magnate keeps buying stock ahead of fight over board of directors
Atlantic bulker supply being soaked up as ships avoid Red Sea, says Braemar Shipbroker's research highlights possible implications for bulker supply as vessels skip Suez
Red Sea turmoil to hit ship finance market, warns lawyer Campbell Johnston Clark's Amy Lindemann says financing terms will come under scrutiny
Trafigura still betting on ammonia vessels as it cuts shipping emissions by one-fifth Trader and owner planning to have six zero-emission ammonia-powered vessels in its fleet by 2030
Yara Marine deal ripped up as wingsail designer pens fresh Chinese alliance BAR Technology partners with CIMH subsidiary CMET to be closer to shipyards and cost-efficient construction
US crude tanker trade growth to slow as production increases also slow, says Gibsons Projections suggest production will slow notably this year
Suez Canal turns to ship repairs as it scrambles to plug hole in transit income Core transit income at Egypt's state-run waterway is shrinking as ships re-route to avoid Houthi rebels
Will Gianluigi Aponte-powered container ship demolition surge be derailed by Red Sea crisis? Tidal wave of demolition postponed after Red Sea crisis revives container market
Chemfleet rolls out propulsion software on tankers after 10% fuel savings Yildirim Group manager expanding agreement with Berg Propulsion
Stena edges closer to Concordia Maritime takeover Swedish giant launching bid for the last few outstanding Concordia shares
Serial Greek tanker buyer snaps up pair of Teekay Corp ships in near $50m deal Vessels built in 2004 are said to have changed hands for $48m in total
Alleged spy ship moves south as Houthi attacks tipped to pick up in Gulf of Aden Iranian MPP is said to be feeding information to Yemen militants
AMA Capital and Skysail Advisors team up to help maritime tech firms access capital and deals Joint venture aims to help firms find funding to reach scale
Republic of Congo tops the shipowners' list of flag state failings Overall the performance of shipping's flag states is improving, says the International Chamber of Shipping
Mystery bidder revealed: Which Greek shipowner tabled a stealthy takeover offer for Eagle Bulk before Star Bulk struck? Merger documents tell the story of a 10-month episode triggered by Oaktree Capital's 'Prexit'
Trafigura still betting on ammonia vessels as it cuts shipping emissions by a fifth Trader and owner planning to have six zero-emission ammonia-powered vessels in its fleet by 2030
Wingsail designer ditches deal with Yara Marine for fresh Chinese alliance BAR Technology partners with CIMH subsidiary CMET to be closer to shipyards and cost-efficient construction
Big-ticket tanker deals show owners' faith in 'amazing' market, analyst says Eva Tzima argues that more eye-catching sale and purchase deals could be on the way
Seafarers treated like 'modern-day slaves' as abandonments rise Hundreds lose out on more than $12m in wages as Panama-flagged vessels top abandonment list
Tanker owners plead for Red Sea pass as missiles continue to fly Broker BRS says tonnage supplies will tighten for some time yet
Russian oil worth over $50bn hauled on UK-insured tankers since sanctions Think-tank says significant involvement of Western insurance companies provides influence for cutting oil price cap level
Third of Russian oil hauled on UK-insured tankers since sanctions Think-tank says significant involvement of Western insurance companies provides influence for cutting oil price cap level
Baltic Exchange wage bill rises as annual profit drops without one-off gains London operation's accounts reveal gain in previous year from headquarters leasehold sale
Tanker and VLGC owner Al Seer sees red with $278m loss Abu Dhabi-listed company ups operating earnings after fleet expansion, however
Refinanced Solstad Offshore inks two long-term charters with Petrobras Two of the Norwegian owner's construction support vessels will work for the Brazilian state oil company
Shipping's greenwashers in EU's sights, warns sustainability expert Grow Sustainability Consulting founder Irene Loucaides explains why ESG reporting has just got a 'lot more complicated'
DNB hikes Odfjell target price as chemical tankers feel the breeze of Red Sea tailwinds DNB sees 'strong earnings' for Norwegian tanker owner
Parakou and CSSC Leasing venture sells bulker brace as secondhand prices rise CP Worldwide partnership has sold half of its fleet
DNB hikes Odfjell target price as chemical tankers catch Red Sea tailwinds DNB sees 'strong earnings' for Norwegian tanker owner
Okeanis Eco Tankers beats market with strong VLCC spot bookings in first quarter Greek owner's average much higher than the current rate for big tankers
US shipowners ditch Red Sea routes after vessels come under fire Genco, Pangaea Logistics and Royal Caribbean steer clear of troubled region
Fractal Shipping plots exit from Russian oil trades backed by fresh investment and modern vessels In the second instalment of TradeWinds' interview with Mathieu Philippe, the CEO says his company's Asian stakeholders want a younger fleet to enter fresh markets, including US oil
KSS buys flipped Scorpio MR tanker for Hyundai Oil charter South Korean owner is the buyer behind Emanuele Lauro-led company's sale
Hyundai bags three more VLAC orders worth a combined $366m NYK said to behind latest deal that brings South Korean's shipbuilder's tally for type to 11 vessels so far in 2024
Norwegian shipping bond investor launches new high-yield credit fund Holberg portfolio manager wishes shipping companies issued more bonds
NorthStandard expands Asia footprint with new Seoul office P&I Club aims to build a team of local experts familiar with the local shipping market
Windward Offshore declares options for two wind farm vessels at Vard Latest booking at Fincantieri-owned shipbuilder follows initial pair ordered in October
Addressing the capacity crunch: New Dayang leverages digital solutions to meet soaring demand State-owned New Dayang is banking on digital efficiencies to drive productivity and meet demand for newbuildings
Sinokor seeks charter for first speculatively ordered LNG carrier Delivery date finally approaches for first vessel as South Korean owner moves ahead with modern tonnage
US and UK strike targets in Yemen after Houthis claim attack on heavylift vessel Navy denies 'successful attack' on US-flag Ocean Jazz
Port of New Orleans gets $226M for international container terminal The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
China Cargo Airlines postpones start of first Miami service China Cargo Airlines has delayed the start of its inaugural freighter service to Miami for undisclosed reasons.
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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