Seatrium wins major ship repair and upgrade orders Singapore headquartered Seatrium Limited reports that it has booked ship repair and upgrade contracts with an aggregate value of SGD $180 million (almost US$140 million). In addition to damage repairs, the work
Carnival Corp orders three new - and big - ships for Carnival Cruise Line The world's largest cruise company, Miami-based Carnival Corporation & plc, today announced an order for a further three new ships. Ordered for its Carnival Cruise Line brand at Fincantieri, they will be
Bridge strike scare box ship MSC Michigan VII free to leave Charleston The U.S. Coast Guard has lifted the detention order imposed on the containership MSC Michigan VII following the June 6 incident in which a power surge caused it to surge forwards as
Ocean rates dip on capacity increase and early peak The massive IT outage caused by the CrowdStrike update led to thousands of delayed or cancelled flights worldwide over the weekend as airport and airline systems went black. Though many - but not all - carriers were able to restore operations relatively quickly, delays are expected for impacted shipments as the backlog is cleared. Though some container ports and carriers also had outages, the imp
Hapag-Lloyd applies US$1,000 GRI from Indian Subcontinent and Middle East to North America Hapag-Lloyd has announced a General Rate Increase (GRI)/ General Rate Adjustment (GRA) from the Indian Subcontinent and Middle East to North America. The GRI will apply to cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment, and will be effective from September 1 until further notice. The German carrier said the new GRI will be US$1,000 per container
Sailing into the Future: The Role of Climate-Controlled Storage in Maritime Conservation In the vast expanse of the maritime industry, the integration of climate-controlled storage is revolutionizing how we preserve and protect valuable cargo and historic artifacts. From ancient shipwrecks holding timeless treasures to modern pharmaceutical shipments requiring precise temperature conditions, the adoption of climate-controlled environments ensures that these vital materials withstand
Oakland Port commissioners reappointed for new four-year terms The Oakland City Council confirmed the reappointments of Andreas Cluver and Arabella Martinez to the Oakland Board of Port Commissioners for another four-year term on 16 July 2024. During their previous terms, Cluver and Martinez significantly contributed to enhancing the Port's economic impact at both the Oakland Seaport and the San Francisco Bay Oakland International Airport. They provided cruc
Sustainability Practices in Supply Chains The significance of incorporating sustainability practices in supply chains has intensified amid the present-day global economy. Corporations acknowledge the need to merge environmental, social, and economic factors into their activities for long-term sustenance. The primary objective of achieving sustainable operations is to reduce detrimental effects on nature while advancing ethical employment
How GPS Tracking Boosts Container Transport Reliability In the world of logistics, reliability is key. GPS tracking for container transport has emerged as a vital tool in this sector. It enhances visibility, reduces risk, and optimizes routes. This technology is transforming the way businesses manage their supply chains. In this article, we delve into how GPS tracking boosts container transport reliability. We'll explore its benefits, how it works, an
Global Ports reports increased volumes in 2024 so far The major Russian port and terminal operator Global Ports has announced its operational results for the second quarter and the first half of 2024. In Q2 2024, the Russian marine container market continued its rapid recovery. Total container throughput at Russian marine terminals increased by 11.8% year-on-year (y-o-y) and 3.4% quarter-on-quarter (q-o-q) to 1.338 million TEUs. In H1 2024, total co
Clintopia Container Freight: Europe and the UK's Premier Transport Solutions Navigating the complexities of international logistics, Clintopia stands at the forefront of the container freight industry. With our robust infrastructure and strategic partnerships, we maintain a commanding presence across Europe and the United Kingdom. Our operations are anchored by significant port facilities in Felixstowe, Southampton, and London Gateway, which serve as vital hubs for our Co
Ports of Indiana and Antwerp-Bruges partner on container trade and green shipping Representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp to sign a Memorandum of Understanding (MOU) aiming to advance critical economic and environmental initiatives for the ports. This significant agreement formalizes a commitment from the partners to collaborate on enhancing economic growth, container shipping, decarbonization, port security, and technology integrati
Safety First: Essential Vehicle Inspection Tips for CDL Drivers Introduction Safety is paramount in the trucking industry, and thorough vehicle inspections are a critical component of ensuring safe operations. As a CDL driver, conducting regular and comprehensive vehicle inspections can prevent accidents, reduce downtime, and ensure compliance with federal regulations. This article provides essential vehicle inspection tips to help you maintain safety on the
Telemar to provide safety support services to seven Ignazio Messina boxships Telemar, a provider of smart maintenance and remote access technologies, has entered into an agreement with Genoa-based shipping company Ignazio Messina & C. Spa to enhance safety services on seven of its vessels. Telemar, part of the Marlink Group, will deploy and manage the Global Maritime Distress and Safety System (GMDSS) on these seven container ships. The vessels included in the agreement a
Hapag-Lloyd updates South East India-Europe Express service German ocean carrier Hapag-Lloyd has announced changes in its South East India - Europe Express (IEX) service. Starting at the end of July, Hapag-Lloyd will stop calling at Le Havre, France and Vishakapatnam, India, will add Valencia, Spain (CSP Terminal) and switch from Gateway to PSA Terminal in Antwerp, Belgium. The updated service rotation of Hapag-Lloyd's IEX service will be: Rotterdam (Neth
cargo-partner expands e-truck testing to Slovenia Earlier this year, the international logistics provider cargo-partner launched a comprehensive e-truck testing program across Europe as part of its corporate sustainability strategy. Following successful pilots in Austria and Slovakia, the programme has now been extended to Slovenia. In May, cargo-partner, a subsidiary of NIPPON EXPRESS HOLDINGS, introduced its European electric truck testing pro
DP World and Evyap Group create global logistics hub to boost Turkish trade DP World and Evyap Group will jointly establish a new international logistics hub on the Marmara Sea, enhancing Türkiye's significant role in global trade. This merger received regulatory approval from the Turkish Competition Authority. The new entity, DP World Evyap, features DP World holding a 58% stake in Evyapport, while Evyap Group maintains a 42% share in DP World Yarimca. The ports will be
Siemens integrates Mevea's digital twin technology at Port of NEOM Siemens, a global technology conglomerate, will use Mevea's digital twins and simulation technology for crane automation at the Port of NEOM in Saudi Arabia. This technology will facilitate the operation of 10 automated ship-to-shore (STS) gantry cranes and 30 automated electric rubber-tired gantry (RTG) cranes at the port, located in Oxagon, NEOM's innovative industrial city. "Crane automation i
AI roadmap takes trucking from chaos to control in 2024 You're a logistics manager. Fuel costs are skyrocketing, drivers are hard to find, and regulations keep changing. How do you keep your fleet efficient and profitable? The American Transportation Research Institute reported a 6.6% increase in truck operating costs for 2023. This rise coincides with a significant financial burden: deadhead mileage reached an average of 16.3% for non-tank operations
Melbourne achieves slight container increase in June Port of Melbourne handled 264,000 TEUs in June, translating to a 2.3% increase compared to the same month last year. The Australian port reported that full container imports (excluding Bass Strait) volumes were up in June 2024 against prior year with furniture, domestic appliances timber all above last year's volumes. Additionally, full container exports (excluding Bass Strait) volumes were also
X-Press Feeders names and puts into operation first dual-fuel container ship Eco Maestro, the first dual-fuel container vessel to sail on methanol, was christened in Rotterdam port, the home port to all 14 methanol vessels of X-Press Feeders. Singapore-based container carrier X-press Feeders aims to have these "green vessels" sail mainly on routes in Europe, which means there will be the first network of feeders sailing on green methanol in the continent. Evergreen Feeder
San Pedro Bay Ports container dwell times remain low in June The average dwell time for containers moving by truck through the Ports of Los Angeles and Long Beach remained low and steady in June, compared to the previous month. The average rail-destined cargo dwell time saw positive improvement with a decrease of approximately two days. Cargo traveling through the San Pedro Bay Port Complex and destined for local delivery via truck spent an average of 2.70
Global IT Outage: CrowdStrike and Microsoft Stocks Plunge, Scammers Exploit Crisis Following the global IT outage, which has caused disruptions at several European container terminals , worldwide searches for "CrowdStrike stock" and "Microsoft stock" have surged 3,054% and 981%. However, each corporation's daily stock value dropped on 19 July, when a software update "triggered a logic error", as Crowdstrike said in a statement. George Kurtz, CEO & Founder of CrowdStrike confirm
SeaLead announces strategic appointments to drive global expansion Global shipping company SeaLead has announced a series of strategic appointments amid its ongoing growth in key regions. Having met its operational targets in business performance and financial results, the company has increased its market share by expanding new routes and connections in regional and global container shipping markets. SeaLead has established a five-member Board of Directors to pr
Protectionism will raise transport costs, says Dimerco Taiwan-headquartered freight forwarder Dimerco, which knows a thing or two about building companies and reputations, with over 50 years of experience in the forwarding business, believes this market is the most challenging it's ever been. Alvin Fuh, VP of Dimerco's ocean freight told Container News that beneficial cargo owners (BCOs) these days have to deal with a much more challenging and comple
P&O Maritime Logistics CEO steps down Martin Helweg is stepping down as chief executive of P&O Maritime Logistics, a unit of Dubai-based ports and logistics giant DP World. "After some incredible years as CEO at P&O Maritime Logistics, it is time for me to step aside and move towards new opportunities," Helweg said in a LinkedIn post on Tuesday. "My time ...
New leadership unveiled at SeaLead Singapore-based liner operator SeaLead Shipping has set up a new leadership team following a change in ownership earlier this year. Suleyman Avci has been appointed as global chief executive officer, taking over from SC Chan, who filled the position after Henry Schmidl left as part of the "strategic realignment" under the new ownership. Prior to ...
Great Eastern ships out another ageing MR India's Great Eastern Shipping has carried on its product tanker fleet renewal initiative, with the disposal of another vintage MR unit. The Mumbai-listed diversified owner said it had struck a deal with an undisclosed buyer for its 2005-built Jag Pranav. No price tag has been attached to the deal, but the 51,383 dwt ship, VesselsValue ...
Noble seals first drilling deal off Poland New York and Copenhagen-listed offshore rig owner Noble Corporation has sealed its first drilling deal in Poland. The Texas-headquartered driller, which currently counts a fleet of 31 rigs, has won a contract worth about $6.3m from CEP Central European Petroleum for the jackup Noble Resolve. The contract is for a one-well 45-day campaign in the ...
ADNOC L&S venture splurges $1.9bn on ethane and ammonia carrier newbuilds AW Shipping, a joint venture of ADNOC Logistics & Services (ADNOC L&S) and China's Wanhua Chemical Group, has splashed around $1.9bn on up to 13 newbuilds at Jiangnan Shipyard. The jv has contracted nine firm very large ethane carriers (VLECs) worth about $1.4bn in total and up to four very large ammonia carriers (VLACs) at ...
Ocyan bags $134m Petrobras service deal on Buzios field Brazilian offshore service provider Ocyan, part of US-based institutional investor EIG, has signed a contract with Petrobras reportedly worth around 750 million reais ($134m) for maintenance and maritime services in the Búzios field. The deal will last at least four years and can be extended for up to 320 days. This is the biggest deal ...
Dubai emerges as Russia's gas shipping artery A host of entities have been established in Dubai to move Russian gas shipments around the world, in a move that mirrors how Moscow attempted to dodge sanctions for its oil exports. Nur Global Shipping, White Fox Ship Management and New Transshipment are some of the new names that have been established in Dubai as ...
Equinor hires Delta Offshore PSV for operations off Brazil Brazilian offshore vessel owner and services provider CBO has secured a one-year time charter contract for a platform supply vessel (PSV). The contract is for the Delta Cardinal platform supply with the Brazilian arm of Norwegian energy major Equinor. CBO will operate the vessel in partnership with Delta Logistics Limited, the owner of the vessel, ...
Seatrium rakes in $133m worth of repair and upgrade deals Singapore shipyard group Seatrium has won a series of repairs and upgrade contracts with an aggregate value of S$180m ($133.8m). The contracts include major repairs on LNG carriers, tankers, offshore vessels, naval vessels, ferries, and damage repair. All projects, except one, will be completed by the end of 2024. Seatrium was awarded periodic maintenance and ...
Ship detained in Ceuta over bunker spill A 31-year-old general cargo ship run by Germany's NautiCore Shipping has been detained in the Spanish enclave of Ceuta on the North African coastline over a bunker spill. Authorities will not let the Antigua & Barbuda-flagged vessel, called Tony Stark, leave until it has paid a bail of $130,000. Last week, trails of fuel oil ...
Spyros Polemis passes away One of the great names in shipowning, Spyros Polemis, passed away on July 21. The Greek owner, who ran Seacrest Shipping, served as chairman of the International Chamber of Shipping (ICS) from 2006 to 2012 and had a long history of leadership within the shipping industry. "Mr Polemis was a tireless advocate for shipping, and ...
Asyad buys Skybridge Freight Solutions Oman's logistics giant Asyad Group has acquired Skybridge Freight Solutions (SFS), a significant international expansion for the state-controlled firm. "cquiring SFS will play a significant role in bolstering Oman's connectivity with vital global trade routes," Asyad stated in a release, claiming the aim was to "ultimately redraw the global trade map". SFS was established in ...
Red Sea attacks set to boost liner profits in second and third quarters Diversions around the Cape of Good Hope caused spot container freight rates to spike. While most of the carriers' volume...
Drone strikes spark armed security rethink Two separate cases of armed security on board ships, both targeted by uncrewed surface vessels, have highlighted the inconsistent approach...
Asian refineries' crude imports fall again in July, leading larger tanker utilisation lower India crude imports averaged 4.6m bpd so far in July, on pace to be the highest in three months, offsetting...
Week in charts: Box rates still historically high, Iran's tankers double down on concealment efforts and Port of Los Angeles volumes on the rise Greg Miller asks whether container shipping rates have peaked, read how Iran's tankers are continuing to conceal themselves and the...
Red Sea attacks continue as four vessels attacked in past week Three of the four vessels were hit by missiles or drone boats and many were attacked several times over the...
Over-reliance on war risk is 'slippery slope' for hull insurers, Allianz Commercial marine head warns AI will help to make underwriting more enjoyable, with less time spent typing data into a spreadsheet and more time...
Industry stalwart Spyros Polemis dies at 86 Hailing from a historic Andros shipping family, the shipowner was also a keen historian and writer, passions that he pursued...
Türkiye plans new Mediterranean container port Development would be the biggest container port in Türkiye, handling more than Istanbul's Ambarli port's 3m teu per annum
Containership charter market enters annual summer lull Containerships returning en masse to the Red Sea seems highly improbable anytime soon, said the Hamburg and Bremen Shipbrokers' Association...
Hong Kong a key hub for sanctions evasion, report claims A report authored by non-profit Committee for Freedom in Hong Kong Foundation has named Hong Kong as being a hub...
South Korea plans autonomous AI shipbuilding to cut delivery time With government support, domestic shipbuilders will transfer the know-how of highly skilled welders based on the AI platform to reduce...
Nissen Kaiun and Adnoc L&S joint venture both order specialised gas carriers at Chinese shipyards Japan's Nissen Kaiun has ordered four VLACs at China's Yangzi-Mitsui Shipbuilding while Abu Dhabi's ADNOC has contracted two VLACs and nine...
Hafnia prepares to tow damaged tanker to safe port There are no visible signs of flames or smoke on Hafnia Nile
Daily Briefing Iran's tankers double down on concealment efforts post-sanctions | Yemen port disruption unclear as attacks escalate | Malaysia Coast Guard...
House approves bill authorizing harbor projects in Baltimore, Oakland The passage of the Water Resources Development Act in the House of Representatives brings Congress one step closer to authorizing major navigational projects at the two ports.
UPS eyes growth in Mexico, plans for a strong peak season The acquisition of Mexican package company Estafeta gives UPS a full-fledged ground operation in Mexico that can link to its cross-border and global services.
High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO Kuehne + Nagel's Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder's financial metrics in the first half.
Chinese iron ore imports spike in boost for dry bulk owners India-to-China trade boosting capesize, supramax and ultramax demand
John Fredriksen-backed SFL to add acquisition firepower with $120m share sale Morgan Stanley and BTIG on deck to sell 8m shares to public with options for 1.2m more
Video: Deadly Maersk Frankfurt fire finally 'doused' on fifth day Savlors from Smit Salvage have boarded ship as coastguard vessels stay on hand
Deadly Maersk Frankfurt fire finally 'doused' on fifth day Savlors from Smit Salvage have boarded vessel as coastguard vessels stay on hand
Earnings preview: Royal Caribbean teed up to top profit guidance as cruise continues to roar Cruise giant is expected to beat Wall Street estimates in Thursday earnings report
Star Bulk vessel arrested in legal fight over missing Russian fertiliser Alleged cargo shorfall raises a legal stink in Indian court
Carnival Corp orders its biggest ships yet as it sticks with LNG fuel Fincantieri to build trio of cruise giants, which will bring Carnival's LNG-fuelled fleet to 16 vessels
Greek Stefanou brothers replenish and renew ferry fleet with Spanish buy Golden Star Ferries buys third ship in two years with "expensive" purchase
John Fredriksen's SFL awarded $27m in legal fight with container ship newcomer UK court says shipowner would have earned $37.2m - but got far less
Watch: Security team destroys Houthi sea drone heading for container ship Armed guards score direct hit as weapon nears hull
Yangzijiang Shipbuilding breaks into VLAC segment with order from Japanese heavyweight Japanese shipowner orders four newbuildings against charter contracts from BGN
Bunkering spill sees German-controlled cargo ship held in North Africa NautiCore general cargo ship alleged to have been involved in causing pollution off Spanish enclave
Nigeria launches Dangote probe after refinery falls out with regulator A new committee will investigate crude shortages at refineries as well as alleged imports of inferior fuel
Fears for free trade take centre stage as Joe Biden bows out of race for the White House There is no party for free trade as Republicans and Democrats fight for the heart of the American worker
Densay Shipping banks profit from bulker flip as HMM extends buying spree to eight Dubai-based shipowner cashes in a vessel it had acquired a few months ago
Will tankers be humbled by hurricane season? It's complicated, Gibson says About the only thing that can be predicted if storms hit the US Gulf is volatility in rates, UK shipbroker explains
Hafnia expects towing of damaged tanker to safe port will begin soon Owner is working with authorities to assess a suitable location for cargo transfer and repairs
P&I insurer West warns over collision payouts linked to sanctioned Russian insurer Protection and indemnity club says planned ship-to-ship transfers with Ingosstrakh-covered vessels may not be covered
Will tankers be humbled by hurricane season? It's complicated, Gibsons says About the only thing that can be predicted if storms hit the US Gulf is volatility in rates, UK shipbroker explains
Adnoc L&S joint venture books up to $1.9bn worth of supersize ethane carriers and ammonia vessels AW Shipping confirms up to 13 very large ethane and ammonia carriers at Jiangnan Shipyard
Fujian Guohang swells bulker orderbook to a dozen ships with ultramax brace Chinese owner returns to Fujian Guohang
New owners of SeaLead spring board shake-up with liner veterans Former Arkas man to oversee strategic growth following takeover by new investors
Ship banned from Europe after third failed safety inspection in two years Snow Stars has headed to West Africa
Shipping giant NYK Line raises profit forecast as it rakes in cash from Red Sea chaos Japanese owner's financial performance has also been boosted by stronger bulker and logistics markets
Russia's 'safe haven': How sanctions-busting shipowners hijacked Hong Kong Sovcomflot and Fesco have set up subsidiaries there since the invasion of Ukraine
Great Eastern offloads latest product tanker after clearing mortgage debt Ship bought from Victor Restis 11 years ago has maintained its value
International Seaways tanker rescues castaways from life raft in Mediterranean Sea Anglo-Eastern-managed ship's crew use drones to locate raft drifting 100 nautical miles off Egyptian coast
Fresh faces wait in the wings to run John T Essberger. Who will make the grade? Would-be successors must prove their worth if they want to represent the family
Star Bulk ship said to fetch 'strong' price months after Houthi attack Sale price represents highest value for bulker since June last year
China's improving hydro power generation spells bad news for coal imports, says SSY Increased rainfall and growing alternative sources of power has already resulted in reduced demand
Sinokor tanker selling spree extends to aframax pair in lucrative S&P deal Sister ships managed by South Korean giant are reported sold to Vietnam for nearly $140m in total
Yangzijiang Shipbuilding breaks into VLGC segment with order from Japanese heavyweight Japanese shipowner orders four newbuildings against charter contracts from BGN
UPS domestic revenue slips as customers trade down to economy service UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
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