Port NOLA on track for record 2024 cruise season The Port of New Orleans (Port NOLA), the sixth largest cruise port in the U.S., reports that it is on track for a record number of passenger movements with 1.3 million anticipated
$2.6BN deal sees Stonepeak take 50% stake in CVOW Dominion Energy Inc. (NYSE: D), reports that it has closed on a transaction to sell a 50% non-controlling interest in the Coastal Virginia Offshore Wind (CVOW) project to New York City headquartered
From Choke Points to Bottlenecks: Red Sea Crisis Analysis The global shipping industry is grappling with a formidable set of disruptions that have transformed maritime choke points into critical bottlenecks. Container News has compiled data from three different reports, covering the period from February to June 2024, to shed light on the ongoing upheaval in the Red Sea and Suez Canal. The following analysis includes insights from UNCTAD, BIMCO and the C
The Power of Tweets: How Twitter Impacts Brand Marketing and Customer Engagement Since tweets are short and real-time, they are the best vehicle for brands to raise awareness, manage a crisis, promote content and monitor conversations. However, savvy marketers have discovered how to use Twitter to help their marketing efforts. Brands are using Twitter to deliver meaningful business results from small businesses to large multinational corporations. In this post, we'll talk abo
Biden-Harris Administration announces U$125 million grant for engines modernization The Biden-Harris Administration has allocated US$125 million to enhance the replacement of older diesel engines with cleaner and zero-emission alternatives, improving community health and environment. In addition to funding new cleaner diesel technologies, more than 50% of these selections will boost replacing older equipment and vehicles with zero-emission technologies, such as all-electric scho
Why Every Modern Office Needs a Rotating File Cabinet Offices are changing with the times, and as businesses become more mobile, offices must also become more flexible to accommodate a more agile environment. These changes center around efficient organization. Offering the best of functionality with options for saving space, the rotating file cabinet represents an evolution in office design. Here, we delve into the reasons why it has been gaining pr
Klaipeda Port signs sustainabilty energy deals Some important signatures have been put on the first project for green hydrogen production and refuelling stations in Klaipeda, Lithuania. Klaipeda State Seaport Authority has signed a contract with MT Group, which will supply the equipment for green hydrogen production and the stationary public refuelling stations, as well as assemble it and carry out all startup and adjustment operations. "In a
Chinese shipbuilder Huangpu Wenchong eyes post-Panamax boxship league Chinese shipbuilder CSSC Huangpu Wenchong Shipbuilding, known for dominating orders for feeder ship newbuildings in recent years, has now set its sights on orders for 9,000 TEU ships. Management said it expects more demand for this ship size, given more stringent environmental regulations. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Corre
CMA CGM applies new FAK rates from Asia to North Africa and Med French ocean carrier CMA CGM has announced new Freight All Kinds (FAK) rates, as follows, from 1 November (date of loading in the origin ports) until further notice: From All Asian Ports 20' 40'/40'HC to West Mediterranean US$3,300 US$4,700 Adriatic US$3,500 US$4,900 East Mediterranean US$3,400 US$4,800 Black Sea US$3,500 US$4,900 Algeria US$4,600 US$6,900 Libya US$4,400 US$6,500 Tunisia US$4,500
DP World's Port Operations in High-Risk Regions (maps+infographics) In an era where global trade hinges on seamless shipping operations, UAE-based DP World stands at the forefront, managing a vast network of ports and terminals in some of the world's most geopolitically sensitive regions. 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 New
Suez and Panama Canal disruptions threaten global trade and development: UNCTAD The disruptions are straining supply chains, driving up costs, and reshaping global trade patterns, with vulnerable economies hit hardest, according to the latest UNCTAD analysis. Global trade is facing significant disruptions as two of the world's most vital maritime chokepoints - the Suez Canal and the Panama Canal - experience severe challenges driven by geopolitical tensions and climate-relat
Valencia reports 30% container growth in September Port of Valencia handled 490,516 TEUs in September, translating to a nearly 30% increase over the same month in 2023. In terms of tonnage, the Spanish port saw a growth of 13% in the previous month with a total of 7.1 million tonnes. "If we look at the year-on-year figures, the growth over the last 12 months is +7.7% in tonnes and +14.50% in TEUs," said the Port Authority of Valencia (PAV)
Sensor to monitor vessel emissions in North Sea A new sensor, named Ship Emission Monitoring by Passive Remote Sensing (SEMPAS), has been installed in Zeebrugge to monitor how many and which substances passing ships emit. The innovation aims to enable a more efficient sanctioning of vessels that do not follow the rules on one of the busiest shipping routes running along the Belgian part of the North Sea. To minimize the negative effects of the
European consumers increasing spending boosts Rotterdam container volumes Port of Rotterdam recorded 10.4 million TEUs in the first three quarters of the year, representing a 2.2% growth over the same period in 2023. The total container throughput in tonnes increased by 3% to 101.1 million metric tonnes. The increase is mainly due to increasing consumer spending in Europe, according to the Rotterdam Port Authority, as spending is rising again after a period of lower pu
SeaLead launches Mediterranean Gulf Express service SeaLead has announced a new direct liner service, Mediterranean Gulf Express (MGX), to strengthen connectivity between the Middle East and the Mediterranean regions by facilitating direct access through the Red Sea. The MGX service will operate on a weekly basis, providing dedicated shipping routes that connect UAE's Jebel Ali, Djibouti, Turkey's Aliaga, and Egypt's Damietta. The inaugural vessel
Higher box volumes at South Carolina Ports South Carolina Ports (SC Ports) reported 214,558 TEUs in September, up 8% compared with the same month last year. In particular, loaded imports were up 14% from last year as shippers moved more goods ahead of the short-term work stoppage in early October. For the first quarter of fiscal year 2025 (July-September 2024), SC Ports handled 638,000 TEUs, reflecting a 5% increase from the same period l
Maersk introduces PSS from Far East to India, Pakistan, Sri Lanka and Maldives Danish ocean carrier Maersk has implemented a new peak season surcharge (PSS) from Far East Asia to India, Pakistan, Sri Lanka and Maldives. Effective from 4 and 5 November, the PSS levels will be as follows: Origin Destination Rate basis Container Rate Effective date Brunei / China / Hong Kong / Indonesia / Japan / Cambodia / South Korea / Laos / Myanmar (Burma) / Malaysia / Philippines / Singap
S.F. Express Singapore launches new airside logistics center S.F. Express Singapore celebrated the opening of its new airside logistics center at Changi Airfreight Centre, enhancing its import and export operations and significantly reducing on-airport processing times from 4-6 hours to just 1.5-2 hours. This development, which provides direct access to the airside for quicker cargo transfer, is expected to improve customer delivery speeds and increase car
How an Inspection Specialist Can Improve Fleet Safety and Efficiency It's vital for companies to know the role of an inspection specialist. They want to improve their fleet's safety and efficiency. As demands on transport firms rise, a well-running fleet is vital. Read on to learn the benefits of an inspection specialist. Save Costs Most business owners know that good fleet maintenance saves money. A well-maintained vehicle is less likely to break down. Breakdowns
OOCL signs up for Seaspan newbuilds Hong Kong's Orient Overseas Container Line (OOCL) has revealed itself as the charterer of recently ordered 13,600 teu series by containership tonnage provider Seaspan. The COSCO-controlled liner operator said in a stock exchange filing it would charter the newbuild for 15 years each and pay a total of about RMB11.2bn ($1.57bn). The Bing Chen-led Seaspan ...
MOL confirms order for Singapore FSRU Japan's Mitsui OSK Lines (MOL) has confirmed a newbuilding deal for a floating storage and regasification unit (FSRU) bound for Singapore. Splash reported earlier this month the Tokyo-headquartered shipping giant had contracted South Korea's Hanwha Ocean to build an FSRU for about $413m and delivery in 2027. The newbuild, once delivered will enter into a ...
Apeejay Shipping names V.Ships man as new chief executive India's Apeejay Shipping has appointed Sumant Ahlawat as its new chief executive officer. Ahlawat, with 30 years of maritime experience, including 14 years in shipmanagement, joins the Kolkata-based dry bulk player from the position of operations director at V.Ships Asia, where he was responsible for overseeing a diverse fleet of 45 vessels. His career also ...
OSM Thome buys Klaveness Ship Management Torvald Klaveness has announced the sale of Klaveness Ship Management to OSM Thome, one of the chief consolidators in the shipmanagement sector. Subsidiaries of Klaveness Combination Carriers have, in parallel, agreed to enter into new shipmanagement agreements for its fleet with Klaveness Ship Management under the ownership of OSM Thome. Torvald Klaveness said the decision ...
CIP buys into floater developer Stiesdal Offshore Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) has acquired a minority stake in floating wind technology specialist Stiesdal Offshore. Although the size of the investment by CIP's Copenhagen Infrastructure V fund was not divulged, the move is aimed at establishing Stiesdal as a long-term leader in the floating wind sector, the two ...
Ocean Winds forms Brazilian offshore wind pact Ocean Winds, a joint venture between France's Engie and Portuguese electric utilities company EDP has partnered up with Brazilian power firm Eletrobras to study the development of offshore wind farms in Brazil. The two companies have signed a memorandum of understanding to combine Ocean Winds' experience in offshore wind projects, from origination to operation, with ...
DOF seals long-term PSV deal in Australia Norwegian offshore vessel owner and operator DOF has secured what it describes as a substantial contract for one of its platform suppliers in Australia. The Oslo-listed group has fixed the 2011-built Skandi Feistein for 18 months to an undisclosed international oil company in a deal worth between $25m and $50m. The fixture, starting in direct ...
CMA CGM buys five Seatrade vessels Container analysts at Alphaliner are reporting French liner CMA CGM has bought five high-reefer 2,259 teu container vessels it has had on long term charter from Dutch reefer owner Seatrade for a price per unit believed to be in the low $30ms. The ships are the 2016-2017-built Seatrade Orange, Seatrade Red, Seatrade White and Seatrade ...
Developing economies pay twice as much for shipping needs: UNCTAD UNCTAD, the United Nations' trade and development body, has released its latest annual shipping report with the Review of Maritime Transport 2024 clearly highlighting how poorer countries have to fork out considerably more for their shipping needs. Disruptions, driven by climate change and geopolitical tensions, are putting global trade and supply chains at significant risk, ...
Iino Kaiun orders Japan's first methanol dual-fuel VLCC Japanese shipping line Iino Kaiun Kaisha (Iino Lines) has placed an order for Japan's first methanol dual-fuel supertanker at compatriot Nihon Shipyard (NSY). The 339.5 m long 309,400 dwt VLCC is based on the concept design developed by Iino together with Idemitsu Tanker, Nippon Yusen Kaisha (NYK) and NSY. The vessel can use methanol as ...
Horizon Tankers takes option on MR newbuild brace Greece's Horizon Tankers has upped its MR orderbook adding two more newbuilds in China. The Anthony Comninos-led owner has exercised an option for 50,000 dwt chemical/product carriers at Zhoushan Changhong International Shipyard, with deliveries set between 2026 and 2027. The yard has revealed no price, but shipbroking sources suggest $45m per ship. The contract follows ...
CMA CGM seals biomethane supply deal French liner CMA CGM Group has teamed with waste management specialist SUEZ to establish a long-term industrial partnership on biomethane through waste recovery. SUEZ will supply CMA CGM up to 100,000 tonnes of biomethane per year by 2030. The two companies will spend EUR100m building biomethane production facilities. Rodolphe Saadé, chairman and CEO of CMA ...
Sensor installed to monitor ship emissions off Belgium Ships passing through one of Europe's busiest lanes will need to make sure they are compliant with all environmental regulations. A sensor has been installed at the Belgian port of Zeebrugge to monitor how many and which substances passing ships through the North Sea emission controls area (ECA) emit. The sensor can monitor the emissions ...
How VLCC dynamics are being influenced by geopolitical tensions and seasonality Tanker experts from AXS write for Splash today on how the VLCC trades are changing. Recent geopolitical developments continue to impact the VLCC market positively. Notably, the ongoing tensions in the Middle East and strategic adjustments in shipping routes have played critical roles in shaping current market dynamics. Moreover, India's strategic pivot from suezmax and ...
New survey explores perception of ammonia as a marine fuel among seafarers The M�rsk Mc-Kinney Møller Center for Zero Carbon Shipping released the findings of a comprehensive survey exploring the maritime community's perceptions of ammonia as an alternative marine fuel. Ammonia's adoption will need to address safety, training, and regulatory challenges according to respondents in the survey. The survey, conducted with over 2,000 respondents from the maritime ...
Daily Briefing Greece-owned ships are top Houthi target | Steamship kicks off renewal round with firm rate hike | Suspected Iranian LPG...
Tanker stocks tumble as rates fall short and analysts pare forecasts Tanker rates remain profitable but the freight market is not as strong as investors had expected. Lack of rate momentum...
Goldenport emerges in partnership acquiring Atlantic fleet of 20 OSVs Buyer MAG Offshore is 'strategic partnership' between Goldenport, Allianz Marine Services, EnTrust Global's 'Blue Growth' subsidiary and Maas Capital
Suspected Iranian LPG cargo unloaded in Bangladesh tests government's resolve The Bangladeshi government has recently warned industry to comply with international sanctions or face penalties. How it deals with a...
Greece-owned ships are top Houthi target The figures also show a drastic falls in Western-owned tonnage sailing through the Red Sea, suggesting the Houthis are succeeding...
Cosco to deploy green methanol-powered vessels on corridors linking Shanghai with San Pedro Bay, Hamburg In July, Cosco Shipping Lines and Shanghai Maritime University launched training programmes for seafarers on alternative fuel vessel operation
Steamship kicks off renewal round with firm rate hike Clubs are due to unveil pricing plans in the next few weeks; early indications are for rising rates
OSM Thome buys Klaveness Shipmanagement Subsidiaries of Klaveness Combination Carriers will also enter into new shipmanagement agreements with Klaveness Shipmanagement under OSM Thome ownership
Rotterdam bunker sales at one-year high in third quarter Rotterdam's total quarterly bunker sales reached nearly 2.4m tonnes for the first time since April-June last year, as HSFO deliveries...
Maritime decarbonisation 'often forgotten' by US government 'There's an enormous amount of research, demonstration, and development going on all throughout the clean energy and climate ecosystem. But...
Chinese auto parts maker jumps on bandwagon to revive idle shipyards Loss-making Zhejiang East Coast Shipbuilding is expected to turn its fortunes around by becoming a subcontractor and joint builder to...
Japan's Nihon Shipyard wins methanol-fuelled VLCC order from compatriot shipowner Japanese energy shipping provider Iino Kaiun Kaisha has confirmed newbuilding contract for very large crude carrier. It is only the...
IMO rejects giving special breaks for wind power The International Maritime Organization will not include special incentives for wind propulsion in its upcoming emissions regulations, a top official...
Rotterdam container throughput up thanks to increased consumer spending Dry bulk volumes at the port remain low as coal continues to lose ground in Europe's power generation mix, while...
Viking boosts total cruiseship orders placed at Fincantieri to 22 ships Switzerland-headquartered cruiseship group Viking has added two 54,300 gt ships at Fincantieri to brings its backlog of newbuildings on order...
World steel output down again Big falls in production for Russia and Japan drove this month's decrease, while Germany and Türkiye reported healthy growth to...
OOCL signs for Seaspan's six newbuilds in renminbi-based deal Two parties have signed a 15-year charter agreement for six 13,580 teu containerships, with the first two vessels expected to...
Hyundai Heavy Industries restarts wage talks as strikes drag on Despite restarting discussions, the union plans to maintain partial walkouts, which have occurred more than 10 times already, until a...
Interest in US LTL M&A activity seen rising as 2025 approaches Trucking companies large and small are considering adding more LTL providers to their portfolios, but finding the right acquisition targets is a challenge.
Cosco Ports pays $110 million for Thailand terminal stakes as Hutchison sells down The move comes as container shipping affiliate shipping Cosco Shipping Holdings is expanding services between China and Thailand and as overall shipping capacity is growing between the two countries.
DSV, K+N post solid Q3 revenue gains, but profit margins under pressure Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders.
Rotterdam's nine-month container volumes edge higher on 'tentative' recovery in trade A rise in consumer spending in Europe has kept volume at the port in positive territory so far this year, but full vessels and "peak loads" are keeping pressure on terminals and inland connections.
Ocean pricing 'unsustainability' returns to haunt shippers Carriers are making up for lost time and accept, as the reality of doing business in this market, that actions that benefit them often work to the disadvantage of their customers, writes Peter Tirschwell.
Aframaxes show split personality as North Sea surges and Caribbean pulls back Atlantic market bifurcates as period rates pull back
Carriers work together to nominate services for California-Shanghai green liner corridor CMA CGM leads carrier effort while Cosco Shipping Lines leads fuel supply group
OOCL commits $1.57bn to charters of Seaspan Corp container ship sextet Cosco-affiliate locks into 15 year charters of neo-panamax newbuildings
Shipowner Nikolaus Schues snaps up Diana Shipping stock after profitable car carrier play Owner of Germany's F Laeisz takes 5% of New York-listed bulker owner, becoming its second largest outside investor
Shiptech news: MAN ES ceases gas engine production and wind gets funding Sign up to get the ShipTech newsletter in your inbox every Tuesday
Owners on alert as Egypt plots tender for 20 LNG cargoes Renewed energy import drive will cover demand in the first quarter of 2025
Washington claims Europe's fuel rules skew bio-LNG market for shipping Carnival chief maritime officer wants to be able to access 'world market' for bio-LNG
Thank you for mansplaining gender equality. Next time, read the room Remarks by one shipping executive exemplify the work left to be done for women in shipping
Greek shipowner John Dragnis dives into offshore market with major financial partners New venture MAG Offshore grabs 20 vessels from a Singapore-listed owner
Apeejay Shipping recruits V.Ships Asia boss Ahlawat as new CEO Indian bulker owner replaces Dhiraj Pahuja, who left to run Lila Global
Clarksons bullish on tanker demand next year as doubts creep in for 2026 New forecast from UK broker suggests accelerating vessel supply growth is clouding the longer-term picture
DOF Group inks new $50m contract for platform supply vessel Ship had already been working in the country for Esso Australia
Protests and job cuts: Questions swirl around future of two German shipyards Prospect of insolvency taken 'very seriously' after lay-offs, says trade union
ABS in wrongful death court fight that could test classification society liability Lawsuit seeks $500m over deadly Seacor Power casualty off Gulf Coast
Scorpio Tankers bullish after 17 VLCCs and suezmaxes quit product trade Clean tanker giant says rates are improving as competition lessens from bigger ships
Russia eyes new LNG STS sites to maximise use of Arc7 fleet Energy company Novatek looking at new ways to utilise its limited fleet
Tanker stocks hit the skids after rate revisions and share target price cuts Torm downgraded to hold by Pareto Securities amid souring outlook
Done deal: Poten parent BGC confirms purchase of Oil Brokerage owner Transaction tipped in TradeWinds still poses unanswered questions about tanker brokerage business
Iino orders Japan's first methanol VLCC as big tanker orderbook surges Japanese owner says new vessel will be chartered to Idemitsu Tanker in 2027
Erasmus Shipinvest keeps foot on gas with new ship deals and partnerships John Su-led outfit adds small LPG carriers and container ships, and deepens its crewing ties with Vietnam
Jesper Bo Hansen quits Maersk Tankers as ex-Norden executive steps up as pools boss Former ZeroNorth man heading to V.Group after less than two years at tanker company
Mitsui OSK Lines and Singapore LNG confirm charter contract for FSRU newbuilding Partners have opted for a new size of regas unit that will boost the island's total import capacity to 15 mtpa
CMB reopens Euronav bid to comply with Belgian court ruling. Saverys say don't sell New offer at rejigged price will run through 23 November
Billionaire Torstein Hagen pulls trigger on up to six new cruise ships at Fincantieri Viking returns to Italian yard
Cyprus FSRU saga: Unit languishing in China could finally be set to leave LNG carrier-to-regas unit conversion will not be needed on-site until the end of 2025 at the earliest
Shadow fleet insurance network discovered in Russia, Cameroon and Kyrgyzstan Russian companies are also expanding coverage as Western insurers steer clear, probe shows
What does latest Chinese stimulus package mean for bulker owners? Shipbroker's head of research thinks measures are neutral or slightly positive for shipping
Soki Kisen orders pair of bulkers in Japan as it renews fleet Imabari-based shipowner picks 'old friend' Imabari Shipbuilding for an ultramax and a handysize
Naval architects urged to share ship design data to improve vessel lifecycle performance in spirit of 'Mottainai' Japan's shipyards begin trialling NAPA and ClassNK digital-twin platform to make more out of unused ship design data
Green Seas podcast: The view from Japan on the hunt for alternative fuels Julian Bray asks a panel of industry experts about the path ahead
Video: Freighter capsizes and sinks in Dakar after being hit by bulk carrier A Greek-owned freighter capsized and sank after being hit by a bulk carrier in Senegal's port of Dakar.
Port of Long Beach hits record container volumes The second-busiest U.S. container gateway moved record levels of cargo in September and in the third quarter on diversions ahead of an East Coast work stoppage and continued demand for holiday merchandise.
Strong ocean container market boosts Maersk guidance Strong third-quarter volumes have the world's second-largest ocean container line upgrading its forecast for higher full-year returns.
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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