Ship Repair USA returns to New Orleans for a second year Marine Log's Ship Repair USA conference is returning to New Orleans at a new location on June 11-12 in the French Quarter. This second annual event follows a successful first conference last
Pilbara Ports throughput falls in January In January 2024, Pilbara Ports recorded a total monthly throughput of 58.2 million tonnes (Mt). This marked a 10% decline compared to January 2023. Specifically, the Port of Port Hedland achieved a monthly throughput of 43.0Mt, with 42.3Mt attributed to iron ore exports. This represents a 12% decrease in total throughput compared to January 2023. Imports through the Port of Port Hedland amounted
Japan's container exports to US exceed 50,000 TEUs in January In January, Japan's container exports to the United States reached 53,695 TEUs marking a 10.4% increase from the previous month and a significant 17.9% rise compared to January 2023. According to the Japan International Freight Forwarders Association (JIFFA), directly routed containers accounted for 33,583 TEUs, experiencing a substantial 42.5% year-on-year surge. In contrast, transshipped contai
Porto Chibatão acquires four Liebherr LBS 800 cranes The agreement for the acquisition of four cranes was formalized during the Intermodal event in São Paulo back in 2022. These cranes, delivered in September, have now joined a fleet of 16 barge-slewing cranes operating at the port. Porto Chibatão, established in 1987, holds a pivotal role in the region's logistical operations, significantly impacting the local economy. It serves the Manaus industr
Port of Barcelona handles 3.3 million TEUs in 2023 Container movements at the Port of Barcelona reached 3.3 million TEUs in 2023, marking a 7% decline compared to the previous year. The decrease was primarily driven by a significant drop in transits (-20%), which are influenced by the strategic decisions of shipping companies. Additionally, exports (-12%) experienced declines across various sectors including chemicals, capital goods, food and fee
Asia to Europe container exports surge to 16.5 million TEUs in 2023 According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023. The Japan International Freight Forwarders Association (JIFFA) stated that this marked a 7.8% increase from the previous year and brought the figures back to pre-pandemic levels seen in 2019. By origin, co
Red Sea crisis milder than Covid-19, challenges to be seen in 2025 The impact of the Red Sea crisis is less severe than Covid-19, although the TEU-mile boost has been significant. Clarksons' latest Container Intelligence Monthly stated that compared with December 2023, TEU-miles have gone up by around 11%, as around 620 ships of 8.5 million TEUs are rerouting from the Suez Canal to the Cape of Good Hope to avoid attacks from Houthi rebels. Contextualised against
MSC gains TISAX label, proving commitment to automotive industry MSC is one of the first shipping companies to receive a Trusted Information Security Assessment Exchange (TISAX) result. The programme provides a common assessment and exchange mechanism that ensures the secure sharing of sensitive information to partner companies, bringing standardisation, quality assurance and the mutual recognition of audits to inspire trust throughout the automotive supply ch
Contecon Manzanillo moves 20,400 TEUs via rail in January Contecon Manzanillo (CMSA), a leading player in Mexico's port sector and a subsidiary of International Container Terminal Services Inc (ICTSI), achieved a new milestone in January, handling 20,400 TEUs of rail cargo. "The increased use of rail to receive and dispatch cargo is key for us. We started a growth plan together with customers and FERROMEX in 2021, which allowed us to gradually increase
DP World partners with UAE's clean energy firm to drive renewable power for port operations DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a clean energy company, to explore and implement renewable energy systems across DP World's global port operations in the Middle East and Africa. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within the port operator's global supply ch
ONE achieves record load in Singapore Ocean Network Express (ONE) has achieved another milestone with a sixth consecutive record-breaking load, this time aboard the ONE Infinity. Last week, the vessel set a new record load of 22,206 TEUs during its visit to Singapore. This achievement represents the culmination of six successive record-breaking loads carried by all our cutting-edge 24K vessels, which were integrated into ONE's fleet
White House to invest US$20 billion in US ports cybersecurity The Biden-Harris Administration is set to issue an Executive Order aimed at bolstering the security of the US ports, accompanied by a series of additional measures to enhance maritime cybersecurity, reinforce supply chains, and bolster the United States' industrial base. Furthermore, the Administration will announce its intention to bring domestic manufacturing capacity back to America, ensuring
CMA CGM applies new rates from Indian Sub to North Europe and Med French ocean carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates for shipments originating from the Indian Subcontinent and bound for North Europe, as well as the East and West Mediterranean regions. These new FAK rates specifically apply to dry cargo. They are scheduled to come into effect from 14 March 2024 (gate-in date). The new FAK rates will be as follows: From India & Pakist
CMA CGM's financials plunge amid stable container volumes French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9 billion, down by 72.9%, and net income of US$3.6 billion from US$25 billion in the previous year. "Gradual deterioration in the maritime shipping environment throughout 2023, including in the fourth quarter, causing an anticipated year-on-year decline
OOCL boosts fleet with new eco-friendly Ultra Large Container Vessel Orient Overseas Container Line (OOCL) announced the introduction of its latest mega container ship, named OOCL Abu Dhabi. This addition marks OOCL's eighth eco-friendly vessel with box capacity of 24,188 TEUs, further enhancing the company's fleet structure optimization. At a ceremony held at Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard, Han Lina, vice president of the Supply Chai
The year ahead in digital tech How pivotal will digital advances be in the Year of the Dragon? The latest installment in Maritime CEO's annual outlook. In 2024 the shipping industry stands on the "threshold of a transformative era", blending digital and human intelligence prowess in aid of optimal management, says Captain HS Swaminathan, co-CEO of shipmanagement at Synergy Marine Group. ...
UK Chamber of Shipping names new chief executive The UK Chamber of Shipping has appointed Rhett Hatcher as its next chief executive, replacing Sarah Treseder. Hatcher has recently retired from the Royal Navy. His last role was as the UK national hydrographer and deputy chief executive at the UK Hydrographic Office. He joins on March 18, and following a short handover period, Treseder ...
Eolus submits revised application for Blekinge Offshore wind farm Swedish renewables developer Eolus and compatriot Vingkraft have submitted a permit application to construct the Blekinge Offshore wind farm. The Blekinge Offshore project is located within the Karlshamn and Sölvesborg municipalities and will have a maximum of 70 wind turbines which will be 330 meters tall. The production is expected to be around 4.3 TWh ...
Helix scores well intervention contract in Nigeria Houston-based offshore energy services player Helix Energy Solutions has signed a deepwater well intervention contract with Esso Exploration and Production Nigeria, a subsidiary of ExxonMobil. Under the contract, the New York-listed company will provide its DP3 riser-based semisubmersible well intervention vessel Q4000, a 10,000 intervention riser system, remotely operated vehicles, project manag
CMA CGM raises its bid for UK logistics firm Wincanton French carrier CMA CGM has increased its offer to buy Wincanton to about $766m in cash as the UK logistics firm catches the eye of another possible rival bidder. The offer made through CEVA Logistics unit has been raised by some $47-$48m against the initial bid in January which at the time represented a 52% ...
Images emerge from Houthi escalation of attacks on shipping The missile attack by Houthi militants on the Rubymar, a ship carrying a cargo of fertilizer, has led to an "environmental disaster" in the Red Sea, US Central Command said Friday evening, while images have emerged of the first crew injury from the Houthi attacks. The Indian Navy has released images of the aid it ...
QatarEnergy to boost North Field gas output by 85% by decade-end Qatar's state-owned giant QatarEnergy has announced a new LNG expansion project in the North Field offshore project which, together with previously announced expansion plans, would increase its gas output from the field by 85% by 2030. The Minister of State for Energy Affairs and the president and CEO of QatarEnergy Saad Sherida Al-Kaabi said that ...
Seatrium settles corruption probe in Brazil for $137m Seatrium has reached in-principle settlement agreements with the Brazilian authorities concerning "Operation Car Wash", a probe into allegations of bribes to secure contracts in the country's offshore energy sector. The Singapore offshore and marine yard group, formerly known as Sembcorp Marine, said the agreements include payment of about S$182.4 ($137m) in relation to the probe. ...
Sanko Steamship set to exit shipping as last vessel put up for sale One of the most famous names in Japanese shipowning history is readying to cease operations. Sanko Steamship has put its last ship up for sale, the 2021-built, 82,514 dwt bulk carrier, with top management telling the Japan Maritime Daily that the company will then exit shipowning. Sanko, founded in 1934, was the biggest shipping casualty ...
Euronav orders dual-fuel bitumen tanker pair Belgian tanker giant Euronav has ordered two dual-fuel 17,000 dwt bitumen tankers from a Chinese shipyard. The vessels will be constructed by China Merchants Jinling Shipyard and are expected to be delivered in the fourth quarter of 2026. The two tankers have already been chartered for 10 years upon delivery from the shipyard to an ...
Great Eastern takes Ardmore MR Last week, Great Eastern Shipping revealed that it had expanded its fleet with an MR product tanker acquisition. Now broker sources reveal that the ship was bought from Ireland-based tanker firm Ardmore Shipping. New York-listed Ardmore had earlier put out a statement that it had agreed to offload the 2010-built, 50,000 dwt for $27.1m, earning ...
Lauritzen sells open hatch handy for a tidy profit Niels Josefsen, the CEO of Lauritzen Bulkers, appears to have timed the market well. Broker sources tell Splash that the Dane is attempting to exploit the strong upward pressure on asset values for eco-scrubber-fitted tonnage. Brokers report the outfit has sold a six-year-old, 36,200 dwt open hatch bulker, named , for $24m, likely earning a couple ...
Empty container moves soar Empty container moves are soaring, according to new analysis by container research outfit, Sea-Intelligence. Growing trade imbalances have led to a situation where the need to reposition empty containers significantly exceeds the growth in paying container volumes, the report points out. "Essentially, the need to move empty containers on the back-haul trades has grown 2.5 ...
Rhett Hatcher appointed UK Chamber chief Rhett Hatcher, former UK National Hydrographer and deputy chief executive at the UK Hydrographic Office, has been announced as the...
West of England confirms merger approaches West brings mutual book back above 100m gt, while London proclaims high single-digit percentage point growth at renewal round
Costs mount as UN's FSO Safer operation remains on hold in Yemen Mounting insurance and salvage costs have left a funding shortfall for the UN agencies, which are unable to complete the...
Equipment repositioning hits carrier costs Container shipping is increasingly becoming a one-way business. The cost of returning empties is having to be factored into headhaul...
The week in newbuildings: Euronav pens bitumen tanker order Belgium's Euronav has ordered its first bitumen tanker newbuildings at a Chinese shipyard, with delivery due in 2026
Houthis target US-flagged ship as coalition forces carry out fresh strikes The Houthis twice targeted the US-flagged Torm Thor on Saturday as the US and UK forces carried out another round...
The week in charts: US ghost ship in Novorossiysk | Falls in Red Sea ship traffic stabilise | Record US-Europe crude flows | Ship recycling sector bogged down Marad tanker scrapped in 2021 pings AIS from Russian port, feeder boxships fill void of larger tonnage in the Red...
FMC publishes final ruling on detention and demurrage The US Federal Maritime Commission has been working on improving detention and demurrage rules since the pandemic. It has now...
More CMA CGM vessels transiting Bab el Mandeb CMA CGM sent at least one vessel through the Bab el Mandeb over the weekend. Another has shut off its...
War halves Ukraine's maritime trade A corridor established by Ukraine's armed forces enables vessels to move freely to and from some of the country's seaports...
Seatrium turns in $1.4bn 2023 loss The group also announced in-principle settlement agreements with the Brazilian authorities in relation to the Operation Car Wash probe
Daily Briefing Over 850 entities and individuals targeted in mass Russian sanctions | European green technology funding for shipowners is a gift...
Cetus Maritime continues consolidation drive via merger with Nachipa Cetus says its fleet is now 75% eco-ships, with the addition of Nachipa's Japan-built, modern handysizes
Employers ink deal with Montreal port checkers while primary talks languish Both sides say cargo is leaving Montreal due to the inability to reach a new contract deal with the port's main longshore union.
PPIs show US LTL costs accelerating as truckload pricing stalls The US LTL producer price index rose 2.6% in January from December, while the equivalent truckload measure fell 2.6%, underscoring differences between the sectors.
Norfolk Southern fires back at activist investor looking to unseat CEO The railroad told shareholders in a lengthy proxy statement that CEO Alan Shaw is on the right path and urged investors to trust in his vision for the company rather than vote to replace him.
Red Sea surcharges being 'maximized' by carriers: shipper group The additional operating costs of diverting ships around southern Africa does not justify the scale of the surcharges being levied by ocean carriers, according to the European Shippers' Council.
Economou pushes OceanPal stake above 12% as proxy battle looms Greek tycoon keeps turning up the heat on companies in the Palios family
Greek real estate magnate ups stake in Marinakis' Capital Product to nearly 26% Ioannis Papalekas is the second-largest shareholder in CPLP
UK Chamber of Shipping appoints new chief executive Former navy man joins from Hydrographic Office
Seaborne grain trade this year gives reasons for optimism, says Clarksons Research Tonne-miles grew by about 3% last year on the back of logistical disruptions
Teekay Tankers says Canadian pipeline could add 30 aframax loadings per month Boss Kevin Mackay hopeful that Trans Mountain project will be a significant new source of tanker demand
Freightos shrinks quarterly loss as transaction volumes grow and expenses dip Despite container market challenges, Nasdaq-listed freight tech company completes 1.03m transactions in 2023
LPG shipping debutants making their mark on VLAC order activity, Clarksons says Researcher Oliver Stavrinidis says Maersk Tankers, Nakilat and Capital Gas are muscling in on new sector
FSRU demand fuels vessel hunt as projects eye up conversion candidates LNG carrier-to-regas conversions are a top pick but only if developers can find the right size and priced vessel
Fears mount for seafarer welfare as helpline calls surge ISWAN reports increased inquiries despite heightened awareness of mental health concerns
Podcast: Chemship gets Econowind sails and Norsepower grows as wind becomes 'the technology of 2024' Onboard Chemical Challenger as it gets four suction sails installed to help reduce fuel bills and greenhouse emissions
Greek owner Samos Steamship reveals $341m worth of newbuilding investments Company has committed to a VLCC, aframax and two kamsarmax bulkers at its favoured Japanese shipyards
Pirate 'mother boat' threat off Somalia rising, warns EU naval mission Improved weather conditions could see a rise in boarding attempts after a lull in attacks
Cholera scare sees NCL cruise ship barred from Mauritius Authorities carrying out tests on samples from the Norwegian Dawn
Gard vice president Julian Clark reveals terminal cancer diagnosis Messages of goodwill and support pour in after experienced shipping lawyer's LinkedIn post
VLCC newbuilding price hits 'financial-crisis high' as DHT breaks Hanwha Ocean drought Owner is said to have ordered up to four scrubber-fitted ships
US slaps Sovcomflot and 14 tankers with sanctions in next 'step' after price cap Shipowner blacklisted to try to reduce oil profits by Russia
Ex-Vitol trader convicted over bribery scheme Javier Aguilar faces up to 30 years in prison over 'sophisticated' bribery and money laundering operation
Carisbrooke boss de Jong follows Mats Berglund in selling Ardmore stock Tanker owner's audit committee chair banks $105,000 through disposal
Former Angelicoussis VLCC disappears further into the darkness with latest sale The ex-Maran Corona has now changed hands four times since the end of 2021
Bulker owner asks for Montenegrin state help after missing Chinese loan payment Crnogorska Plovidba needs support from Montenegrin government after seeing revenue fall in 2023
Indian court orders bulker arrest three months after cocaine seizure Vietnamese-controlled Debi and its crew have been stuck in Paradip since the end of November
Tanker sales to Russia's 'shadow fleet' could be blocked under new EU rules Measures introduced by the 27-nation bloc attempt to stop the sale of elderly vessels to haul Russian oil above the price cap
Bulker owner asks for state help after missing Chinese loan payment Crnogorska Plovidba needs support from Montenegrin government after seeing revenue fall in 2023
Newcomer Samos Energy tied to debut bulker deal with secondhand purchase UK firm is said to be widening its footprint from offshore and oil production
Regional Container Lines profits tumble 90% Thai operator looks to Red Sea crisis to lift rates
Top Hunter bosses cash in stock, but ready to pounce on more Finance chief Lars Brynildsrud and COO Sujoy Seal ready to add more shares in follow-on offerings
P&I clubs pull cover after UK blacklists tanker operator Fractal Western providers American Club and West of England have ended cover for 24-strong Fractal fleet
Higher taxes and costs drag down profit at Singapore's Kim Heng Revenue from renewable activities increases by more than 80%
Euronav moves into bitumen tankers with order for methanol and ammonia-powered ships Saverys family company contracts its smallest vessels in deal at China Merchants Jinling
Massive write-downs push Singapore's Seatrium to $1.4bn loss Yard group also reaches settlement with Brazilian authorities over Operation Car Wash anti-corruption probe
Attack on US-flagged Torm tanker foiled by allied warship USS Mason intercepts missile that was likely targeting nine-year-old product carrier
CMA CGM profit sharply down amid cloudy outlook for 2024 French liner conglomerate says diversification will help it cope better with cyclical markets in the future
First capesize bulker sold for recycling this year as Lila Global ditches ex-Cosco giant GMS-linked shipowner opts to recycle at Gadani, where recyclers are beating rivals in India and Bangladesh on price
Higher taxes and costs drag down profit at Singapore's Kim Heng SGX-listed company sees revenue from its renewable energy activities increase by over 80%
Where live entertainment meets customs compliance Rock-it Global is the first company in the U.S. to generate a digital passport for goods, which simplifies customs entry for products that aren't intended to be sold in the destination country.
Threat of strike looms large over East, Gulf Coast ports Dockworkers are fully prepared to swap pallet jacks for picket signs come October.
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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