Baltimore takes legal action against Dali owner and manager Within days of retaining law firms to act on its behalf, the City of Baltimore has filed a claim in U.S. District Court against Grace Ocean Private Limited and Synergy Management, the
OSG's LCO2 transportation plans get a $3 million boost Tampa, Fla., based Overseas Shipholding Group, Inc. (NYSE: OSG) has been awarded $3,000,000 by the U.S. Department of Energy for the engineering and design of an articulated tug and barge unit (ATB).
Alyeska Pipeline takes delivery of new spill response barge Recently delivered to the Alyeska Pipeline Service Company by Anacortes, Wash., shipbuilder Dakota Creek Industries, the 13,600 barrel oil spill response barge Allison Creek is specifically designed to meet the rigorous requirements
Container port throughput indexes show mixed trends worldwide In February, Drewry's Global Container Port Throughput Index registered at 109.2 points, marking a 0.8% decline from the previous month but an 8.3% increase compared to February 2023. According to the Japan International Freight Forwarders Association, Inc. (JIFFA), the index is forecasted to have dropped 1.9% to 107.1 points in March but is expected to show a 0.9% improvement year-on-year. Altho
Vado Gateway experiences huge increase in vehicle imports The Vado Gateway in northern Italy, traditionally known for its expertise in reefer handling, experienced a remarkable 284% year-on-year increase in vehicle import volumes in 2023, followed by a strong performance in early 2024. This surge in activity suggests that the terminal has found a successful strategy to attract roll-on roll-off customers. Benefiting from the post-Covid recovery of the au
CMA CGM announces Cameroon congestion surcharge expiration In light of the positive developments in Cameroon, CMA CGM is discontinuing the Port Congestion Surcharge (PCS) for shipments originating from North America to the port of Kribi. This surcharge, applicable to dry cargo, was US$150 per TEU. Furthermore, taking into account the positive changes in Douala, Cameroon, CMA CGM will also discontinue the Port Congestion Surcharge (PCS) of US$250 per TEU
AD Ports secures agreements to operate and upgrade Luanda terminal in Angola AD Ports Group has signed several agreements with Unicargas and Multiparques securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola. The agreements with Unicargas and Multiparques, logistics and transport companies in the country, saw AD Ports acquire an 81%
Valencia sees continuing container growth According to the latest Valenciaport Statistical Bulletin, in March, the docks at Valenciaport handled nearly 7 million tonnes of cargo, marking a growth of 3.84%. Specifically in terms of containers, the Spanish port handled 459,749 TEUs, representing a significant increase of 15.86%. Year-to-date figures show a total of 19.2 million tonnes handled, reflecting a growth of 5.41%. Container traffi
FMC refuses to comment on contradictory D&D rules claim The Federal Maritime Commission (FMC) has refused to comment on claims by the World Shipping Council (WSC) that its interpretive rule on detention and demurrage (D&D) charges is contradictory. On 18 April, the WSC filed a petition with the United States Court of Appeals for the District of Columbia Circuit seeking to have the FMC correct what it said is "an internal contradiction in its new rule
Daimler Truck selects DB Schenker for Melbourne warehouse management Daimler Truck has chosen the expertise of global logistics leader DB Schenker to manage its newly established 19,000-square-meter warehouse in Melbourne, Australia. This facility, located approximately 23 kilometres from Melbourne's central business district and 20 kilometres from Tullamarine Airport, is strategically designed to bolster Daimler Truck's supply chain capabilities across Australia
Evergreen heirs' battle takes new twist with insider trading accusation The tussle between the eldest and youngest sons of the Evergreen group's late founder, Chang Yung-fa, intensified on 22 April, after the eldest son, Chang Kuo-hua, was accused of reaping an illicit profit of nearly US$64 million, allegedly through insider trading of Evergreen Marine Corporation's shares. Accused with Chang Kuo-hua is another EMC director, Ko Li-ching. Ejected Evergreen scion spea
ICTSI Manila boosts operations with next-generation cranes With the recent arrival of three new quay cranes at its flagship Manila International Container Terminal (MICT), International Container Terminal Services, Inc. (ICTSI) has significantly bolstered its capacity to accommodate foreign ultra-container vessels. Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. (ZPMC), the new machines are two post-Panamax cranes with a reach of 18 rows across
Baltimore accuses Dali owner and manager of negligence and recklessness Baltimore City Council is seeking compensation from the owner and manager of the container ship Dali over the Francis Scott Key Bridge collapse. In papers submitted to the US federal courts on 22 April, Mayor Brandon Scott and city officials have accused Singapore-based tonnage provider Grace Ocean and ship manager Synergy Marine of negligence. The plaintiffs alleged that Grace Ocean and Synergy
HHLA acquires majority stake in Austrian container operator German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) acquired a majority share in Roland Spedition, one of the largest owner-led container operators for hinterland transport in Austria. HHLA will acquire 51% of the shares, while the remaining 49% will remain in the hands of both co-shareholders Christian Gutjahr and Nikolaus Hirnschall, who will continue to manage the business
Yang Ming strengthens Far East - East Coast of South America service network Yang Ming has announced the upcoming implementation of a revamp service set-up for its Far East - East Coast of South America (FE-ECSA) network. The Taiwanese box line has decided to enhance the existing SA3 service and launch a new service, namely SA5, effective from early May. With the addition of the SA5 service, Yang Ming aims to strengthen its existing service network and provide customers w
First LNG-powered ship docks in Slovenia's port of Koper Over the past weekend, CMA CGM Scandola marked the inaugural call of an LNG-powered vessel at the Port of Koper in Slovenia. This 15,000 TEU container ship, owned by the French shipping company CMA CGM, signifies a notable stride towards adopting more environmentally responsible practices and gradually curbing CO2 emissions. During this event, Gregor Belic, a member of the Management Board of the
SC Ports reports container growth in March South Carolina Ports (SC Ports) reported a monthly container throughput of 216,410 TEUs in March, translating to a 12% increase year-over-year, and 118,481 pier containers, up 11% from last year. A 17% increase in loaded imports and strong intermodal cargo movements drove year-over-year container volume growth at SC Ports, marking the most significant uptick this year. "The US East Coast is in hi
DP World unveils new air tracking feature DP World has introduced a new Air Tracking feature to its SeaRates platform, representing its latest innovative solution for delivering unparalleled real-time visibility across the entire supply chain to cargo owners. Tailored to meet the dynamic demands of the logistics sector, the Air Tracking feature seamlessly integrates with the online SeaRates platform, providing users with a comprehensive
Maersk enhances service connecting North Europe with India Danish ocean carrier Maersk has decided to upgrade its ME2 container service with the addition of port calls to key destinations in North Europe. In particular, Maersk will include the ports of Rotterdam, Felixstowe and Bremerhaven in the ME2 service rotation from the third week of April. The updated port rotation of the ME2 service will be Port Tangier (Morocco) - Algeciras (Spain) - Rotterdam (
MSC and Mercy Ships join forces to build state-of-the-art hospital ship A groundbreaking partnership involving MSC Group, MSC Foundation, and the nonprofit Mercy Ships International is set to initiate the construction of a state-of-the-art hospital ship. This vessel will annually provide free surgeries and training to thousands of individuals across Africa. On 8 April, Captain Gianluigi Aponte, chairman of MSC Group and MSC Foundation, along with his son Diego Aponte
D'Amico International Shipping finance chief Balestra di Mottola promoted to CEO Italian product tanker owner and operator d'Amico International Shipping (DIS) has appointed Antonio Carlos Balestra di Mottola as its new chief executive officer. Balestra di Mottola, who has been the company's chief financial officer since May 2016, will take the top job from Paolo d'Amico, who will continue as chairman. He joined the d'Amico Group ...
AD Ports earmarks up to $379m for Angolan port Abu Dhabi-based ports and logistics giant AD Ports Group has secured a 20-year concession agreement for Angola's Luanda multipurpose port terminal. The agreement, extendable for another 10 years, will see AD Ports invest $251m towards modernising the terminal and developing the logistics business over the next three years, potentially increasing to $379m over the concession ...
GEOS gets new majority shareholder as Oaktree sells out Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) is getting a new majority shareholder after Oaktree Capital Management offloaded its stake for $39.5m. Fleetscape, a fund managed by Oaktree and closely associated with GEOS chairman Fredrik Ulstein and board member Guillaume Bayol, has sold 39.03% of its holding, corresponding to nearly 196m shares in ...
Maritime recruitment trends and strategies for success Mark Charman, CEO and founder of Faststream Recruitment, provides Splash readers with an abridged version of a speech he gave in Singapore last week. The maritime landscape is undergoing profound transformations, driven by technological advancements, shifting workforce dynamics, and evolving industry demands. Our ongoing surveys across diverse maritime sectors illuminate these changes, highlighti
Transmed offloads newcastlemax pair The first newcastlemax sales of the month are ticking in with brokers reporting Charalambos Mylonas-led Transmed has privately let go of two 203,000 dwt, Bohai-built big bulkers, the Newmax and the Cape Kallia, for $38m each. Both ships hit the water in 2012. Newmax is now renamed Rosebank and has been sold to Pioneer Bulk, ...
SFL buys dual-fuel chemical tanker pair, fixes them out to Stolt Tankers John Fredriksen's SFL Corporation has bought two LNG dual-fuel 33,000 dwt chemical tankers for approximately $114m and arranged long-term charters. The vessels are built in 2022 and 2023 and fitted with stainless steel cargo tanks. SFL also arranged long-term employment for the vessels with affiliates of Stolt Tankers, a subsidiary of Stolt-Nielsen. Stolt Tankers and ...
IMO discusses how to stem record cases of crew abandonment The International Maritime Organization's (IMO) legal committee is meeting this week in London and is discussing one of shipping's darkest, most intractable problems, crew abandonment, with record numbers of seafarers being left to fend for themselves by owners across the world. Latest statistics from the database coordinated by the IMO and sister United Nations body, ...
Noble drillship bags two contracts in Africa Offshore rig owner Noble Corporation has won two new deals for its Noble Venturer drillship offshore Africa. Following the early completion of the Tullow Oil campaign in Ghana, expected to end in late May 2024, the driller will relocate the drillship to Equatorial Guinea to drill three wells - two infill wells and one exploration ...
BW LPG shares set to start trading on NYSE next week VLGC owner and operator BW LPG is poised to see its shares listed on the New York Stock Exchange on Monday, April 29. The Oslo-listed unit of Singapore's BW Group said that the NYSE had approved the listing and that it expects to start transferring shares on or about April 25. The Kristian Sørensen-led company ...
Baltimore takes Dali owner and manager to court Singaporean shipowner Grace Ocean and shipmanager Synergy Group face trial in Baltimore after lawyers for the city filed a case yesterday, claiming the ship that knocked over a huge bridge killing six people last month had left port with "unseaworthy" conditions. The legal battle over the Dali containership's fatal allison with the Francis Scott Key ...
Reading the tanker tea leaves: Stronger for longer amid geopolitical 'lollapalooza' So far, so good for tankers in 2024. Stock valuations imply that some investors remain unconvinced, but the industry view...
Houthis poised to ramp up Red Sea attacks following recent lull Whether naval operation have degraded Houthi capabilities or the Iran-backed militants were simply regrouping, the latest warnings suggest that a...
Tankers clock up steepest rise in marine insurance costs Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel...
Baltimore city files Dali suit as larger temporary channel opening nears Legal fallout from the destruction of Baltimore's bridge by containership Dali has begun. As the court action heats up, work...
Recruitment fraud traps seafarers in 'disturbing situation' The International Maritime Organization has condemned illegal and fraudulent recruitment of seafarers and said more work is needed to crack...
Falling freight rates could benefit logistics operators Swiss logistics operator Kuhne+Nagel is focusing on reducing its unit costs as demand stagnates. But high-margin customers are still profitable...
Which ports will win the green fuel race? A Global Maritime Forum report says different ports will have different roles in the bunkering infrastructure of the future, but...
Aramco seeks Hengli stake to secure China's demand Proposed transaction could potentially present opportunities for Hengli's shipbuilding subsidiary, which is expanding into the tanker sector
Shipowners' Club holds steady at 2024 renewal Break-even underwriting result and 'excellent' investment return means marine mutual is in 'very good health', insists chief executive Peacock
Shippers balk at cost of low-emission products There have been some high-profile early adopters of low-emission shipping. But for most shippers, profitability is still more important than...
Bulk carrier values still rising despite freight market corrections 'The capesize market is structurally tight - not only are newbuilding deliveries slowing down to multi-year lows in 2024-26 but...
BW LPG secures approval for US listing Announcement comes after fellow BW Group-controlled Hafnia began trading on the NYSE earlier this month
Daily Briefing 'Alarming' rise in seafarer abandonment cases seen in 2024 | Iran defends MSC Aries hijack as 'technical issue' | Asian...
Guenther to step down as Houston port chief in August The gateway's long-serving chief executive will be replaced by Charlie Jenkins, who is overseeing the widening and deepening of Houston's ship channel.
Baltimore puts blame for bridge collapse on ship's owners, manager The city of Baltimore wants a judge to waive a limit in liability that the container ship's owner and operator sought after the collapse of the Francis Scott Key Bridge and subsequent closure of the port.
UPS volume improves, but consumers shifting towards lower-priced services US package shippers are shifting from air to ground and from premium-priced to deferred services, UPS says, boosting its SurePost volumes by 10%.
Norfolk Southern says trucker wait times declining at Chicago terminal The cargo flow through the Landers terminal is better than it was earlier this year with fewer drivers experiencing multi-hour delays to pick up or drop off containers at the busy facility, the railroad says.
Expected growth in air, ocean volume 'a silver lining': Kuehne + Nagel Demand that began to build at the end of last year spilled into the first quarter and K+N says its forward bookings indicate the positive volume development will continue as the year progresses.
HHLA grows European network with stake in Austrian inland logistics provider The road and rail portfolio of Roland Spedition will add 130,000 TEUs of annual volume to HHLA and connect ports in Northern Europe with the eastern Mediterranean.
Maersk boosts Europe loop appeal for Indian shippers to build market share The carrier has revamped its ME2 string connecting West India to North Europe, offering expanded port coverage and faster transits.
Star Bulk ship sales purse nears $400m in a year with rare mini-capesize deal US-listed bulker behemoth has been regularly selling vessels ahead of its takeover of Eagle Bulk
Seapeak eyes up swapping out older vessels for higher performing ones Company also looking at new technologies like carbon capture and renewable energy as it plots growth strategy
DIS boss Paolo d'Amico hands over the reins to finance chief Antonio Balestra di Mottola Italian tanker owner reveals details of succession at its annual meeting of shareholders
DHT holding out for better terms before committing VLCCs to time charters New York-listed owner expecting the market to strengthen in the second half and oil majors to come around
Giant drill ship ordered for $806m and never traded after 2017 launch heads for scrap Indian recyclers prepare for action as severe heatwave cripples demolition in Bangladesh
Why Hapag-Lloyd boss Rolf Habben Jansen embraces the looming tsunami of new container ships The doomsayers are wrong and carriers might be glad of the next wave of newbuildings
Iran and Houthis in IMO firing line after deadly and sustained attacks on shipping Delegates to IMO call for release of car carrier Galaxy Leader and boxship MSC Aries and their crews
DFDS plots hybrid electric vessel as it chases Channel Islands contract New pact with Tasmanian ferry maker comes as Danish player hunts routes now run by Condor Ferries
Lobby group slams lack of transparency after two ship breaking yard workers die in first quarter NGO Shipbreaking Platform says there is urgent need for improved safety measures
Castor Maritime offering investors 'clarity' with warrant buyback bid Nasdaq-listed bulker owner wants to reduce the number of shares in circulation
Oaktree Capital Management sells controlling stake in offshore shipowner Golden Energy Blue Ocean Partners is buying rival's position in the Alesund offshore owner
Vafias aframax sister ships sold to China as prices hit 16-year high Separate deals for 2009-built vessels come from public and private vehicles of Greek shipping family
Red Sea premiums lift container ship charter rates to highest level in nine months Middle East liner operators home in on Chinese-owned vessels
Capesize rates crash 13% in two days as miners pull back on fixtures Average spot rates took a $2,000 hit on Tuesday and have fallen by 13% since the end of last week
Lobby group slams lack of transparency after two shipbreaking yard workers die in first quarter NGO Shipbreaking Platform says there is urgent need for improved safety measures
Russian tanker fleet is spying in Europe, claims Swedish naval chief Navy confirms for first time it is tracking movements of vessels exporting oil through the Baltic
Capesize spot market tumbles as fixing activity remains low and slow Average spot rates took a $2,000 hit on Tuesday and have fallen by 13% since the end of last week
Lobby groups slam lack of transparency after two shipbreaking yard workers die in first quarter NGO Shipbreaking Platform says there is urgent need for improved safety measures
Iron ore shipments set for slower growth this year amid mixed signals from China Low net fleet growth will be what saves the day for capesize demand
Sabanci family's Yasa Shipping splashes $290m on LR2 tanker newbuilding debut Two Chinese shipyards share spoils as Turkish shipowner adds to orderbook
Tsakos Energy Navigation drawing strong price offer for LNG steamship Talk of buying interest in this ship and sale of another is raising eyebrows in LNG sale-and-purchase circles
Samsung Heavy Industries files fresh claim against Kogas for LNG carrier duo Battle over containment system rages on but what does future hold for idle pair of six-year-old ships?
Asyad Shipping claims a first with VLCC delivery of Omani crude Shipowner says production and shipping to Duqm was handled entirely by domestic companies
Sovcomflot repays $198m loan and taps Chinese bond investors as sanctions reshape balance sheet Russian shipowner reveals progress of financing amid Western sanctions
Malaysia arrests two ships and 44 seafarers for alleged illegal anchoring Agency says tanker and cargo ship were seized in separate locations
BW LPG to become biggest VLGC owner on New York Stock Exchange after listing green light BW Group-backed company will keep primary listing in Oslo
Inside the 'gold rush' of Russian oil shipments where one voyage can cover a year's income One insider tells TradeWinds that risk and reward have to be balanced carefully in current climate
Opec output to help VLCCs leapfrog smaller tankers and restore natural order Likely return of Opec+ barrels and demand from Dangote refinery in Nigeria are driving prospects
OSG banks $3m of government cash to develop liquefied carbon dioxide carrier Tanker owner aiming to carry captured CO2 from its Florida storage hub to Gulf of Mexico
Tsakos Energy Navigation drawing strong price offer for LNG steam ship Talk of buying interest in this ship and sale of another is raising eyebrows in LNG sale-and-purchase circles
John Fredriksen's SFL splashes $114m on LNG-fuelled chemical tankers for Stolt-Nielsen charter Sale-and-leaseback specialist says stainless-steel vessel market very favourable
The Mission to Seafarers launches Adventure Race Japan 2025 Seafarer charity hopes to beat the $1.3m raised in inaugural 2023 race
Delfin LNG denied licence by US authorities after multiple changes to FLNG project MARAD says thorough update of application required for fresh review
Evergreen newbuilding push tops $10bn with fresh tender The liner giant is seeking to order six vessels worth over $320m
Clarksons leaders Andi Case and Jeff Woyda handed shares worth £2.7m, if they stay to 2028 Top two bosses incentivised to stick around by latest restricted stock and performance option hand-outs
Norwegian banking giant DNB keeps shipping loan book stable at $3.1bn Results come amid positive read for the Norwegian economy
BW LPG becomes biggest VLGC owner on US stock markets as it gets approval for New York listing BW Group-backed company will keep primary listing in Oslo
Norway's banking giant DNB keeps shipping loan book stable at $3.1bn Results come amid positive read for the Norwegian economy
Baltimore mayor alleges negligence in first legal claim in bridge collapse case Shipowner Grace Ocean and manager Synergy Marine targeted over collision
Singapore Exchange set to clamp down on AGM congestion Regulator may take a tougher liner on offending companies if they do not respond to proposed changes
Evergreen mulls order for methanol dual-fuel feeder container ship newbuildings The liner giant is seeking to order six vessels worth over $320m
Mission to Seafarers launches Adventure Race Japan 2025 Seafarers charity hopes to beat the $1.3m raised in inaugural 2023 race
Smugglers adapting to beat 'rigorous' drug-prevention measures, shipowner Khalid Hashim says Precious Shipping boss still in the dark about seizure on bulker in Belgium
Baltimore mayor alleges negligence in first legal claim in Dali bridge case Shipowner Grace Ocean and manager Synergy Marine targeted over collision
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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