First hydrogen-fueled superyacht features MAN Cryo technology MAN Cryo has supplied a liquid-hydrogen gas-fuel supply system for the first superyacht to feature a hydrogen fuel cell installation. At 118.8 meter long, the hydrogen-fueled superyacht, Project 821, built by Netherlands
St. Johns Ship Building delivers second Windea CTV St. Johns Ship Building, Palatka, Fla., has delivered the Windea Enterprise, the second of the three Jones Act-compliant Incat Crowther 30 meters crew transport vessels (CTV) ordered at the shipyard by Windea
VIDEO: Containership Dali departs Baltimore We don't have to wait any longer to know when the containership Dali will leave Baltimore. Local media, including WBAL TV, have been showing video of the ship departing Baltimore today. Three
Philippine Navy takes delivery of new Robert Allan designed tug duo Josefa Slipways Inc., Sual, Philippines, has delivered the first two Robert Allan Ltd. design tugs to be built for the Philippine Navy. Designed to provide support to the navy's surface fleet, they
Box volumes on upward trend in Melbourne Port of Melbourne handled 281,000 TEUs in May, representing a 10% increase compared to the same month in 2023. The Australian port reported that full container imports volumes were up in May 2024 against prior year with furniture, domestic appliances and paperboard all above last year's volumes. Additionally, full container exports were increased with timber, hay, chaff & fodder, barley and meats
Driving Digital Transformation in Insurance with eSignature API Integration The insurance sector is witnessing a significant transformation, driven by escalating consumer demands for digital convenience and the necessity for efficient, secure operations. The once prevalent paper-based procedures are increasingly perceived as obsolete and unwieldy. In this context, eSignature APIs emerge as a significant technological advancement, optimizing workflows, enhancing security
How Truck Driver Fatigue Contributes to Highway Accidents: Solutions and Strategies The National Library of Medicine reports that at least 13% of serious truck accidents in the US are associated with truck driver fatigue. Serious crashes do not only result in injury and potential loss of life. Trucking companies can also face steep repair costs, higher insurance premiums, lawsuits, and reputational damage. There are a number of factors that can cause truck driver fatigue. For so
Container fire breaks out at Port of Antwerp-Bruges Port of Antwerp-Bruges reported a container fire incident at MSC PSA European Terminal (MPET), quay 1742. On 24 June at 05:30 (local time), the Belgian port said that terminal operations were temporarily suspended due to a fire that broke out in a container, with shipping traffic currently blocked at Deurganckdok. After one and a half hours, shipping traffic in the area resumed as firefighters br
Export and transshipment containers drive Valenciaport traffic In May, the export and transshipment sectors were the primary drivers of traffic at Valenciaport terminals. Exports grew for the second consecutive month, and the positive trends seen in April continued. A total of 516,674 containers moved through Valenciaport terminals in May, representing a 12.05% increase compared to the same month in 2023. Export containers increased by 2.73%, import containe
FMC says D&D cases trebled since pandemic Detention and demurrage (D&D) cases handled by the Federal Maritime Commission (FMC) in the United States have trebled since the pandemic and are set to reach historical highs by the end of the year. FMC commissioner Carl Bentzel said that cases reaching the late-stage litigation had trebled, forcing the organisation to recruit two more administrative court judges, who now total three, to deal wi
Protection Tips for Logistics Workers Against Workplace Accidents Photo by Nicolas J Leclercq on Unsplash Workplace safety matters a great deal, especially in the world of logistics. Busy warehouses and long-haul trucking are exposed to risks that could harm them. Since most companies in Michigan aim to establish a secure environment, mishaps can still happen. Thankfully, this blog outlines crucial protection strategies. These will help in protecting logistics
Yang Ming denies "self-enrichment" of head honchos Yang Ming Marine Transport has refuted speculation that its chairman Cheng Cheng-mount and general manager Patrick Tu have arbitrarily paid themselves bonuses. Media reports claim that each man has paid himself TW$2 million (US$62,000) after Yang Ming's turnover began improving from the last quarter of 2023. In 1Q 2024, the Taiwanese operator's net profit was US$298.42 million, more than twice th
MSC strengthens Asia service network MSC has decided to update its Asia service network by enhancing two existing services and launching a new one. The Swiss/Italian ocean carrier announced the upgrade of the existing Bengal service aiming to establish direct connections between China and Bangladesh. The updated Bengal service will feature a transit time of 10 days from Shanghai to Chattogram, according to the company's statement. P
Construction works commence on Lithuania's first hydrogen-electric ship A new chapter in the history of the Lithuanian shipping industry has begun with the initiation of the construction of the first hydrogen-electric ship at Western Baltija Shipbuilding (WBS). "I am glad that this modern vessel, which meets the highest environmental protection requirements, is being built in Klaipeda. This is extremely relevant and significant not only for Lithuania but also on a gl
DOF pens two-year contract for FSV services Norwegian offshore vessel owner DOF has signed a letter of intent (LOI) for a two-year firm contract from an undisclosed energy company for field support vessel (FSV) services. The contract, which also has a one-year option to extend, was won by the 2008-built Skandi Seven. It is defined as very large, excluding the optional period ...
D'Amico fixes MR2 tanker on three-year deal Italian product tanker owner and operator d'Amico International Shipping (DIS) has signed a new three-year time charter deal for one of its MR2 eco vessels. The contract with an unnamed client was won by its operating subsidiary d'Amico Tankers D.A.C. Ireland. It will start between the end of the second quarter of 2024 and the ...
Ventura Offshore seals deal to market drillship for Brazilian tender Brazil-focused driller Ventura Offshore has been granted exclusive marketing rights from Hanwha Drilling for a 7th-generation drillship for an ongoing tender process in Brazil. Subject to a successful tender and contract award, Ventura Offshore will operate the rig Tidal Action, formerly known as the West Libra, on behalf of Hanwha Drilling under a charter or ...
V.Group enters shipmanagement partnership with Erasmus Shipinvest Shipmanagement and marine services giant V.Group has entered into a strategic partnership with international shipping group Erasmus Shipinvest (ESI) for the management of commercial vessels, including the provision of crewing and marine services. Under the agreement, V.Group will take a 'double-digit number' of ESI's vessels of various types into management, with the first container vessel ...
Hamburg Commercial Bank to take over NIBC shipping business German lender Hamburg Commercial Bank (HCOB) has struck a deal to acquire the shipping portfolio of Dutch counterpart NIBC. The deal comprises NIBC's shipping portfolio of senior secured loans worth $992m. NIBC, which has been providing ship financing from €10m and €50m to a diversified clientele in maritime hubs of North-West Europe, Athens, New York ...
Houthi strikes continue to terrorise merchant shipping The Houthis continue to terrorise merchant ships heading in and out of the Red Sea, while also claiming strikes at ships moored at Israel's Haifa port. The Houthis claimed to have struck the Transworld Navigator bulk carrier twice in the space of 24 hours today in the Red Sea, using drones. The ship has suffered ...
Landmark methanol retrofit completed in China X-Press Feeders took delivery this weekend of another landmark vessel in shipping's fuel transition - the first methanol duel-fuel retrofit. The 1,170 teu Eco Umande, delivered by China's New Dayang Shipbuilding earlier this year, remained in the People's Republic for a retrofit. The ship was built with a methanol fuel reserve, however the owner took ...
Alassia Newships teams with Itochu for handy newbuild Greek owner Alassia Newships Management and Japanese trading house Itochu Corp have partnered up for a handysize newbuilding contract at Nakanishi Shipbuilding in Japan. Yangzhou Nakanishi Shipbuilding in Jiangsu Province, China, will take on the 40,000 dwt project, with delivery expected in 2026. Itochu made headlines earlier this year with a pair of ultramax bulkers ...
Tianjin Southwest Maritime signs for more LPG/ammonia carriers Chinese owner Tianjin Southwest Maritime has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding for larger ammonia dual-fuel gas carriers. The new deal, which follows 25,000 cu m newbuilds reported by Splash earlier this year, covers two firm 41,000 cu m vessels at the yard in Guangzhou. The 179.9-m-long ships are backed by a long-term charter to ...
Precious ships out vintage handysize Thai owner Precious Shipping has continued its fleet renewal push with the sale of a another vintage bulker. The Khalid Hashim-led company has offloaded the 2005-built handysize Charana Naree to an undisclosed buyer for $10.75m. The 33,720 dwt ship should change hands by July 15, the company said in a stock exchange filing. Earlier this ...
Cape Shipping adds to tanker newbuilds in China Greece's Cape Shipping has beefed up its tanker orderbook with a pair of LR2 newbuilds in China. Brokers report that the Andrianopoulos family's bulker and boxship owner has contracted CSSC Tianjin Shipbuilding, which is managed by Dalian Shipbuilding Industry Co., to deliver the 115,000 dwt scrubber-fitted duo in 2026. The Athens-based Cape Shipping has been ...
Edda Wind fixes CSOV newbuild Oslo-listed offshore wind service pureplay Edda Wind has secured a charter contract with an unnamed large international EPCI contractor for its newbuild commissioning service operation vessel (CSOV) Sudri Enabler. The Gondan-built unit is scheduled for delivery at the end of June and will start its contract after commissioning and testing. The John Fredriksen, Wilhelmsen and ...
DOF wins two long-term vessel deals with Petrobras Brazilian state-owned Petrobras has awarded Norwegian offshore vessel owner DOF with long-term contracts for one pipelay support vessel and one anchor handler. The Brazilian-built and flagged PLSV Skandi Niterói was awarded a three-year firm contract which includes extension options. The deal will start in 2025. The vessel is owned by DOFCON Navegação, a 50/50 joint ...
DryDel offloads modern ultramax Greek bulker player DryDel Shipping is being linked to its first sale this year in a deal for a five-year-old ultramax. The Costas Dellaportas-led company is widely reported by brokers to be obtaining around $36m from the sale of the 2018-built scrubber-fitted Velvet. The buyer has yet to be revealed, with some sources suggesting Korean ...
Cadeler wins wind turbine installation deal in Scotland Denmark-based offshore wind installation player Cadeler has signed a firm contract to install 72 Vestas 15MW offshore wind turbines at the Inch Cape Offshore Wind Farm. The contract value is projected to fall within the range of €114m-130m ($122m-$139m), with installation set to begin in the fourth quarter of 2026. Located 15 kilometres off the ...
Solid prices for Oldendorff's latest sales Buyers keen on bulkers from dry bulk powerhouse Oldendorff's fleet have to surrender to high prices, as the German mammoth tests the market, selling one ship after another. Over the weekend, a third modern Japanese-built ultramax and two one-year-old Chinese-built kamsarmaxes were reported sold by brokers, all at prices significantly higher than last done. Last ...
Indian yard wins German MPP contract An Indian shipyard is diversifying its offering. Garden Reach Shipbuilders and Engineers (GRSE) has signed a $54m agreement with Germany's Carsten Rehder Schiffsmakler for the construction of four 120 m long, 7,500 dwt multipurpose vessels with an option of building another four ships. The yard, which is under the administrative control of the Ministry of ...
Carriers cutting back on vessel space allotments for NVOs, retailers: sources The capacity cuts come as ocean bookings in the eastbound trans-Pacific are climbing sharply because US-based importers who had planned to ship their merchandise during the traditional August-through-October peak season are scrambling to book space early.
Early peak shipping season shows no sign of slowing: Yang Ming CFO The carrier executive said the disruption to shipping schedules caused by vessel diversions around southern Africa has created a "chaotic situation" due to blank sailings, port congestion and skipped vessel calls, especially in Southeast Asia.
Kazakhstan Railways embarks on 'Maersk style' integrated logistics transformation The state-owned rail operator believes it can leverage soaring demand for China-Europe rail freight to develop a multimodal service offering underpinned by a strong air cargo network.
RXO purchase of Coyote Logistics highlights US brokerage market pressures The $1.025 billion acquisition gives RXO growth not otherwise available in a weakened brokerage market and narrows UPS's focus to package deliveries.
Tidewater boss throws shade at reports of landmark Marinakis PSV order Quintin Kneen gets into the economics of newbuildings as Marine Money Week kicks off in New York
Delta Corp listing plan hits the rocks after reverse merger with coffee company fails After nearly two years of waiting, it turns out that shipping and coffee do not mix
EU hits Sovcomflot boss Igor Tonkovidov with sanctions European Union targets Russian state tanker company and its top executive in 14th package of measures
d'Amico International Shipping strikes again with 'very profitable' tanker charter Term coverage boosted further by Italian owner into 2026
Clarksons shells out $250,000 to settle with derivatives regulator over rule breaking This is not the first time the derivatives brokerage has been fined for allegedly breaking regulatory rules
Stolt-Nielsen says claim of Houthi attack is false and seafarers are safe CFO Gruner-Hegge dismisses report by Yemeni militant group
Carsten Rehder inks order for multipurpose vessels with Indian yard German shipping company re-enters newbuilding market with order for up to eight vessels
Investors profit from 'buying the dip' as shipping stocks rebound amid Red Sea chaos Share prices of product tanker and container ship companies have recovered
Clarksons shells out $250,000 to settle fine with derivatives regulator over rule-breaking This is not the first time the derivatives brokerage has been fined for allegedly breaking regulatory rules
Technostress, fatigue and fears of criminalisation: Seafarers reveal hidden costs of green transition Welfare network calls for better protection for crews at a time of rapid change
World's first methanol dual-fuel retrofit container ship delivered Retrofitting for alternative fuelling goes live with X-Press Feeders vessel
Evangelos Marinakis inks biggest PSV order in a decade at potential cost of over $320m Greek owner reinforces entry into offshore markets with newbuilding deal in China
EU bans 27 ships from its ports in fresh crackdown on Russia trade Bloc's 14th package of measures targets individual vessels for the first time
NIBC exits shipping in $1bn loan sale to Hamburg Commercial Bank German lender says acquisition strengthens client base and shipping operations
Manager V.Group expands in fleet deal with Greece's Erasmus Shipinvest Transaction involves 'double-digit' number of container ships, bulkers and LPG carriers
Buy Frontline ahead of VLCC rate rebound to $80,000 per day, says Clarksons Opportunity knocks for investors despite weak summer rates for big tankers
Houthis launch double attack on Stealth capesize as second bulker abandoned Region sees weekend of chaos as assaults on shipping continue
Houthi rebels land double strike with one ship abandoned and sinking and Stealth capesize hit by drone Region sees weekend of chaos as assaults on shipping continue
Crimea 'grain theft' warrants put 24 ships in the frame Warrants reveal majority of vessels are Russian-flagged and owned as Ukraine urges IMO member states to act
Greek shipowner Evalend adds four newbuildings to product tanker series Jiangsu Yangzijiang is scheduled to deliver the 75,000-dwt product carriers by 2027
New Zealand ropax said to have suffered minimal damage after spending a night on the rocks Questions are being raised as to whether Aratere's grounding was caused by steering gear failure
OSV additions to drive profit growth at Atlantic Navigation Singapore-listed offshore vessel operator set to reap rewards of fleet expansion
Combined Group Rocks scores hefty profit on baby cape scrap sale Kuwaiti-owned Moshtaraka 2 is one of three bulkers sold for recycling in an otherwise quiet week in the demolition markets
Laden LNG carrier opens eastbound sailing season on Northern Sea Route Arc7 vessel heads out towards Asia in wake of tanker
New OSV additions to drive profit growth at Atlantic Navigation, say analysts Singapore-listed offshore vessel operator set to reap the rewards of fleet expansion
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