World's first hydrogen-hybrid research vessel gains AIP Seattle-based naval architecture and marine engineering firm Glosten has been awarded an Approval in Principle (AIP) by the American Bureau of Shipping (ABS) for the design of UC San Diego's new hydrogen-hybrid
NTSB releases new update on Dali investigation As the Dali, the ship that struck the Francis Scott Key Bridge, was finally leaving Baltimore yesterday, the National Transportation Safety Board published an update on its ongoing investigation. It cautions that
cargo-partner ensures smooth UK-Ireland trade with reliable road transport solutions cargo-partner, a global logistics provider, is excited to highlight its well-established Irish sea road transport solutions, which have been successfully serving businesses for over two years. This service is specifically designed to meet the evolving demands of companies transporting goods between the United Kingdom and Ireland, offering unmatched reliability and efficiency. While cargo-partner
CMA CGM applies overweight surcharge from Middle East Gulf to Europe French ocean carrier CMA CGM has informed its customers of an overweight surcharge (OWS) effective from 6 July 2024 (loading date) until further notice. The surcharge applies to cargo originating from the Middle East Gulf and destined for North Europe, Scandinavia & Poland, West Mediterranean, East Mediterranean, Adriatic, Baltic, North Africa, and Morocco. The surcharge will be US$200 per 20' dr
OOCL holds naming ceremony for its latest 24,188 TEU vessel Orient Overseas Container Line (OOCL) named the company's eleventh 24,188 TEU eco-friendly vessel, OOCL Denmark, which is the last of six vessels in the same series that Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) built for the Hong Kong-based ocean carrier. OOCL invited Dr. Rulin Fuong Tung, wife of Andy Tung, as the vessel sponsor to name the new vessel, Andy Tung, Non-Executive Directo
Container volumes surge in Houston In May, Port Houston handled 364,866 TEUs, marking a remarkable 21% increase, equivalent to more than 64,000 TEUs, compared to the same month last year. From January through May, a total of 1,758,960 TEUs moved through the US port's two container terminals, reflecting a 14% increase compared to the same period in 2023. Despite ongoing global supply chain disruptions, Port Houston's cargo volumes
Maersk establishes its first low GHG emissions logistics hub in Denmark Less than two years ago, Maersk started construction works for its first low greenhouse gas (GHG) emission warehouse in Denmark, located in Taulov Dry Port in Fredericia. On 24 June, the facility was officially launched with a symbolic ribbon-cutting ceremony. This facility is the company's first low-emission warehouse and sets new international standards for the development of low-emission wareh
IKEA Supply joins forces with the Mission to Seafarers The Mission to Seafarers (MtS), an international charity focused on seafarer welfare, has announced a three-year partnership with IKEA Supply AG. Revealed on the IMO Day of the Seafarer, this initiative will see IKEA collaborate with the Mission to enhance understanding and awareness of seafarers' critical role in the IKEA supply chain, improving their wellbeing. "This collaboration reflects our
Singapore oil spill: Insurance claims capped at under US$6 million The insurer for the bunker tanker involved in the oil spill in Singapore has a limit of S$8 million (US$5.9 million) for the resulting claims. This was disclosed by Singapore's Transport Minister Chee Hong Tat at a joint ministerial press conference on 24 June. Some oil slicks floated into neighbouring Malaysia and its government said that affected fishermen should file claims with the insurer, B
Florida International Terminal secures 10-year lease renewal at Port Everglades Florida International Terminal (FIT), a subsidiary of SAAM Terminals, has successfully renewed its lease agreement at Port Everglades for another 10 years, following approval by the Broward County Commissioners and the local Port Authority. "Our entire team has been working on this goal for over two years and we have been preparing the terminal with investments to continue positioning the termina
Navios Maritime Partners orders new container vessels Angeliki Frangou-led Navios Maritime Partners is being named behind an order for up to four container ships contracted in South Korea. The New York-listed company has contracted HJ Shipbuilding & Construction for two 7,900 TEU vessels worth approximately US$110 million each. Both vessels feature the highest eco standards in line with the company's decarbonization strategy and are fitted with scru
Hanwha to acquire US shipbuilder Philly Shipyard Hanwha Systems, a defense electronics and IT technology company, and Hanwha Ocean, one of the world's major shipbuilders, announced the acquisition of US shipbuilding company Philly Shipyard. Hanwha Systems and Hanwha Ocean will together invest US $100 million to acquire Philly Shipyard, in furtherance of their strategies to expand their global defense and shipbuilding activities. Philly Shipyard
Port of Los Angeles announces lane reductions and overnight closures on main highways As work progresses on the Port of Los Angeles and Caltrans SR 47 Interchange Project, there will be lane reductions and ramp closures on SR 47 and I-110 in San Pedro. Alternative freeway access ramps are suggested at Gaffey Street in San Pedro and John S. Gibson Boulevard in Wilmington. Upcoming traffic impacts are as follows: Beginning Monday, 24 June, the northbound I-110 on-ramp from Harbor Bo
Monjasa bolsters Panama Canal tanker fleet Danish bunker supplier and shipowner Monjasa has positioned what it says is the largest and technically most advanced tanker to serve the Panama Canal. The 2009-built 19,991 dwt oil and chemical carrier Monjasa Thunder has been reassigned to the company's Panama operations from West Africa. Monjasa said it expects the vessel to reshape the overall ...
Ocean Installer lands new Equinor contract worth more than $95m Ocean Installer has won subsea umbilicals, risers and flowlines contract for Equinor-led Troll phase 3 - stage 2 project. The deal, worth over NOK1bn ($94.5m), includes a substantial fabrication scope and offshore work over three years, with the first campaign beginning in 2025. The second stage of the Troll phase 3 project includes eight new ...
'Grave threats' abound on today's International Day of the Seafarer Today marks the 14th annual International Day of the Seafarer and it comes at a time when the lure of a career at sea is being severely challenged. International Maritime Organization secretary-general Arsenio Dominguez conceded in a video address to celebrate the day: "Seafarers have been sorely tested in recent years - facing hostile acts ...
Seacon strikes sale and leaseback deal for tanker newbuilds China's Seacon Shipping has raised fresh capital via the sale and leaseback of four chemical tanker newbuilds. The Hong Kong-listed diversified owner and operator has sealed a deal with entities controlled by Shanghai-listed AVIC Industry-Finance Holdings to sell the 18,500 dwt quartet under construction at Fujian Southeast for about $27.5m each. The ships, booked for ...
Maersk-backed green methanol fuel cell project presses ahead Fuel cell maker Blue World Technologies has completed testing of the world's first 200 kW high-temperature PEM fuel cell module. The test was completed at the newly established test facilities in Aalborg, where the fuel cells for the system are produced. According to the company, the initial testing has exceeded performance expectations. With an electrical ...
MOL takes over Gearbulk from Kristian Jebsen Mitsui OSK Lines (MOL), Japan's largest shipowner, is taking over Gearbulk from Kristian Jebsen in a deal that is expected to close by January next year. MOL first invested in Gearbulk, the world's largest open-hatch operator, in 1991, taking a 40% stake in the company that was founded in 1968, a shareholding it subsequently raised ...
Navios Partners inks boxship orders in South Korea Angeliki Frangou's Navios Maritime Partners has signed up for up to four containership newbuilds in South Korea. The New York-listed company, which has targeted mostly aframax/LR2 tanker newbuilding projects since last year, has contracted HJ Shipbuilding & Construction for two firm 7,900 teu vessels worth about $110m each. Both vessels feature the highest eco standards ...
Dali leaves Baltimore for repairs With tugs by its side the Dali, this year's most infamous ship, finally left Baltimore yesterday, some three months after it smashed into the city's largest bridge. The ship will transit to Virginia International Gateway to offload approximately 1,500 containers to reduce draft, before moving to Norfolk International Terminal for repairs. The National Transportation Safety ...
Transocean sells 24-year-old semisub for $53m Swiss-based offshore drilling giant Transocean has entered into an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters. The company said in a Monday US Securities and Exchange Commission filing that it agreed to sell its 5th-generation semisub Deepwater Nautilus and associated assets for $53.5m. As part of the company's ongoing efforts ...
African flags flying high in the dark fleet era The remarkable rise of a number of African flags providing services to the so-called dark fleet shows no sign of slowing. Gabon has become a top 30 shipping register this year, according to Clarksons Research, its fleet growing by 122% in 2024 to 6.9m gt, of which 6.3m are tankers. A month prior to Russia's ...
So much owed by so many to all seafarers Writing for Splash on the Day of the Seafarer, Steven Jones, founder of the Seafarers Happiness Index, has some advice for a decent theme for the IMO to rally behind for next year's crew celebration day - communicating value to the world. Happy Day of the Seafarer to you! Since its inception in 2011, this ...
Shippers urge FMC to address shifting dates for dropping off exports US exporters face unexpected costs and delays due to changes in dates for dropping off containers, which the FMC hopes to address with more consistent data.
Huge volume highlights need for e-commerce special handling code: IATA With more than 80% of e-commerce transported as air cargo, there are growing safety and transparency issues given the minimal view provided of what is actually inside the parcels.
In tight capacity ocean market, shippers reap what they sow The current tight capacity in the container shipping market is helping to shine a light on the mistake some shippers make when playing hardball in contract negotiations with carriers, writes an industry veteran and consultant.
Carriers halt India bookings to Europe, US amid capacity crunch: forwarders Sources are reporting a "sold-out window" for spot bookings on most services connecting the two trade lanes through a large part of July.
Evangelos Marinakis has 'seen the light' in the offshore energy sector Greek tycoon broadly confirms landmark PSV order in China, has some words for Tidewater sceptic
Delta Corp will 'leave no stone unturned' to go public after merger failure Logistics group did not give much detail on its plans
Frontline chief Lars Barstad takes a swing at baseball as tanker owners relish longer run for rates Marine Money Week tanker panel reflects on the good times and a game that's not over just yet
'A decade of climate emergency': California looks to lead regulation of shipping carbon emissions State agency confirms it is pursuing greenhouse gas emissions rules for ships calling in its ports
Record quarter spurs Carnival to raise full-year profit forecast US cruise giant says operating profit and revenue hit all-time highs to 31 May
Top Greek names tied to latest buys of Far Eastern capesize bulkers Eight-year-old vessels owned by Chinese players are heading for Greek shores
Monjasa bring in first storage tanker for bunkering operations at Panama Canal Danish company says Monjasa Thunder is the biggest vessel serving the waterway
Western Bulk appoints North Atlantic head to succeed new chief executive Torbjorn Gjervik Joachim Frantsen will take over desk in September
Red Sea crisis accelerates VLCC and suezmax tanker pivot to clean trading, BRS says Trader uses Sinokor tanker for trip to take advantage of cheaper freight rates
Shipbroker's error proved costly in demurrage debacle, ITIC says Incorrect phrase led to a $45,000 settlement over chartering deal, insurer says
Property and infrastructure a better bet for growth as NIBC waves goodbye to shipping team Dutch lender wants to accelerate lending in what it views as key sectors
'Lives should not be risked for profit': ITF demands flag states force ships to divert from perilous Red Sea Seafarers operating in the face of 'grave danger' in southern Red Sea, says union
'Annus horribilis': Tanker and bunker giant USTC keeps fighting after profit plunges Nordic Waste landslide and pull-out from African fuel market hits result at Danish firm
'Deceitful' recruiters abandoning seafarers in foreign ports, says India Officials say recruitment agencies are failing to alert authorities when seafarers are left stranded
Private Alafouzos family firm snaps up VLCC from SK Shipping Kyklades Maritime makes a rare secondhand purchase in a deal that bellies fears about a deep discount for VLs
G2 Ocean pool sets sights on growth after MOL takes over partner Gearbulk Gearbulk and Grieg Maritime Group bulker operation has a new majority shareholder
Oldendorff tipped to extend sales drive with $80m deal for bulker brace German shipping giant is reportedly shedding a pair of kamsarmaxes it took delivery of just a few months ago
Japan Club boosts reserves amid war and inflation fears Business environment remains uncertain because of Russia-Ukraine war and Red Sea crisis, says protection and indemnity insurer
Sanctioned Sovcomflot boss slams latest salvo for splitting world fleet into 'antagonistic camps' Measures do nothing to improve maritime safety in European waters, warns Russian CEO
H Vogemann doubles capesize bulker newbuilding order with fresh quartet, sources say The company now has eight big bulkers on order at China's Hengli Heavy
HD KSOE wins green light for new ammonia fuel system project Flag state giant grants approval in principle for HD KSOE's new ammonia fuel system project
High-profile NIBC shipping boss exiting, following sale of $1bn loan portfolio to HCOB HCOB's onboarding of Dutch bank's shipping team key to strategy
Genco sells one of its oldest bulkers as dry S&P market runs hot Ships continue to change hands, with ageing vessels earning top dollar
Japanese giant MOL to take over $1bn Gearbulk fleet from founding Jebsen family Share purchase will see Japanese group reach 72% stake in open-hatch bulker specialist
'I was told I would not last at sea,' says second officer and YouTube star Shawntel De Sagun represents what shipping is striving for, and she is happy to show it
'Rogue vessel': Angler fined for sailing wrong way in busy Dover Strait shipping lane UK Coast Guard brought case after incident in 2022
Judgment on battle between Euronav and New York investor to be issued in September Brussels Market Court to rule on legal action by US fund
H Vogemmann doubles capesize bulker newbuilding order with fresh quartet, sources say The company now has eight big bulkers on order at China's Hengli Heavy
Seafarers' 'bill of rights' needs work as research reveals patchy enforcement Maritime Labour Convention has not yet achieved a level playing field, industry body says
One day out of 365 is too little if shipping is serious about its crew Former seafarer and TradeWinds' journalist argues shipping must up its game to recruit the next generation of seafarers
Bahrain set to fire up LNG import terminal again in 2024 Storage vessel is being lined up for facility, which is poised to start year-round operations
Singapore tanker tycoon OK Lim's property sales closing in on $75m Reports says part of the proceeds from the sale will go towards offsetting massive debts owed to banks
Lightering efforts on tanker at centre of Singapore oil spill could take two weeks to complete Clean-up of the most heavily impacted beaches in city-state could take as long as three weeks
Campaigners criticise gaps in long-awaited Arctic shipping heavy fuel ban Prohibition starts on 1 July but hundreds of ships will be granted waivers
Friendly faces, safe spaces and the human touch: Why the Mission to Seafarers is as relevant today as it was in the 1850s TradeWinds joins Mission ship visitors for a day to get a taste of what they do
FedEx retires one-fifth of Boeing 757 freighter fleet FedEx is cutting nearly 20% of its Boeing 757 cargo jets because of soft demand and efforts to modernize the fleet.
Texas Gulf Coast ports record strong freight movements in May Container volumes rose 21% at Port Houston in May, while the Port of Corpus Christi, Texas, recorded a 9% increase in crude oil shipments.
Reporter's Notebook: On the tarmac at Dulles airport FreightWaves Air Cargo Editor Eric Kulisch got direct airfield access to Dulles International Airport as part of a presentation for media. Several things caught his eye.
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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