Vard Electro delivers SeaQ Communication for Ulstein CSOV duo To meet tight construction schedules, complex shipbuilding projects demand efficient system integration and commissioning from suppliers. Fincantieri group member Vard's marine electrical specialist Vard Electro recently demonstrated its competence in this area
PPG wins 50th order for electrostatic application of antifouling PPG (NYSE: PPG) has won its 50th order for the electrostatic application of marine fouling control coatings. The project will be carried out on the VLCC Sidr a 336-meter oil tanker operated
BAE San Diego wins $212M USS Green Bay contract BAE Systems San Diego Ship Repair, San Diego, Calif., has been awarded a $212,116,278 firm-fixed-price contract fo the FY 2025 docking selected restricted availabilty (DSRA) of USS Green Bay (LPD 20). The
VIDEO: Marine Log's Top Women in Maritime speak The inaugural Top Women in Maritime Celebration, hosted by Marine Log, made its mark by shining a spotlight on the incredible achievements of women in a field long dominated by men. Now,
APM Terminals Suape begins construction of Latin America's first fully electrified terminal Brazil's APM Terminals Suape has officially commenced the construction of Latin America's first fully electrified container terminal at the Governador Eraldo Gueiros Industrial Port Complex (Suape) in Pernambuco State. The groundbreaking ceremony, held on 22 November, was attended by several officials and executives, including Silvio Costa Filho, Minister of Ports and Airports; Raquel Lyra, Gover
Hamburg and Vancouver ports ink collaboration deal Germany's Hamburg Port Authority (HPA) and Canada's Vancouver Fraser Port Authority have signed a Memorandum of Understanding (MoU) to strengthen collaboration across various port-related priorities, including decarbonization, safety, and cruise operations. Signed on 7 November, the agreement outlines plans to enhance cooperation in key areas such as maritime decarbonization, safety advancements,
Port of Melbourne releases sustainability report for 2024 The Port of Melbourne has published its 2024 Sustainability Report, outlining the progress made over the past year. As Australia's largest general cargo and container port, located at the heart of Melbourne, sustainability is central to the Port's purpose, strategy, and the achievement of its goals and priorities. In FY24, the Port of Melbourne reached several key sustainability milestones under
BIMCO introduces FuelEU Maritime Clause to support decarbonization compliance Starting 1 January 2025, the FuelEU Maritime Regulation will take effect, prompting stakeholders in the shipping industry to begin preparations immediately. To assist with this transition, BIMCO has developed the FuelEU Maritime Clause for Time Charter Parties 2024, which was officially adopted by BIMCO's Documentary Committee on 25 November 2024. This clause is designed to help stakeholders alig
Middle East trade fuels global container boom despite shifting dynamics The container shipping market has become an indispensable backbone of international trade, facilitating the transportation of goods across global markets. 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 News .
Port Houston records nearly 3.5 million TEUs in first 10 months of 2024 Port Houston has handled 3,430,212 TEUs from January to October this year, marking a 7% increase compared to the same period in 2022. However, container volumes for October specifically declined by 15% year-over-year, reaching 309,623 TEUs. Despite this dip, overall volumes are expected to remain strong through the year's end, according to the port. In the previous month, loaded imports decreased
CEVA Logistics unveils new sub-brand to drive sustainable logistics solutions CEVA Logistics is advancing its commitment to sustainability by introducing a new sub-brand, CEVA FORPLANET, to enhance its sustainable logistics solutions and support its global customer base. This initiative is part of CEVA's broader strategy to achieve net-zero emissions and reduce the environmental impact of supply chains. The CEVA FORPLANET suite offers a range of low-carbon transport and ci
Container handling in Singapore yard paused after boxes fall on forklift PSA Singapore has suspended all empty container handling operations in a yard in the Southeast Asian port, after some stacked boxes toppled onto a forklift around 6.40 am local time on 25 November. The accident in Pasir Panjang Terminal 3 caused the forklift driver, 37, to be injured, and he was sent to the National University Hospital in a conscious state. The driver sustained superficial injuri
Belfast Harbour secures funding for autonomous tech trial A consortium led by Belfast Harbour has secured funding for a feasibility study exploring the use of autonomous technology to transform port logistics and operations across the United Kingdom. This initiative involves a partnership with digital solutions provider Aidrivers and container port operator BCT to trial autonomous technology for Terminal Tractors (TT). These vehicles, essential for movi
PSA and Evergreen establish JV for container terminal operations in Singapore PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have formed a joint venture in Singapore to improve operational efficiency and create greater synergies in container operations. The new JV terminal, set to begin operations by the end of 2024, will provide long-term terminal capacity to support EMC's rapidly growing global fleet in PSA Singapore. Both companies will continue to strengthe
HADAG and COSCO launch green passenger ferry in Hamburg Hamburg-based transport company HADAG has officially launched its newest green-energy hybrid passenger ferry, "Finkenwerder," named after a Hamburg city district. The 33-meter-long vessel, designed to accommodate up to 250 passengers, will operate on HADAG's routes in the Port of Hamburg and along the Elbe. The ferry's vibrant paintwork, created by COSCO SHIPPING Europe, symbolizes the strong par
China's String of Pearls and UAE's String of Ports strategies on the microscope Both the United Arab Emirates (UAE) and China have made significant investments in strategically important ports worldwide to enhance their geopolitical influence and secure trade routes. 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 News .
Sallaum Lines enhances its presence in Chinese market amid significant investments Europe's leading finished vehicle handling ports and shipping companies are grappling with challenges from imbalanced trade flows, sea and port capacity constraints, and labor shortages. A surge in vehicle imports from China and its original equipment manufacturers (OEMs) adds to these pressures. To adapt to these market dynamics and capitalize on the growing influence of Chinese manufacturers, S
Maersk revises surcharge from China and Hong Kong to IMEA Danish ocean carrier Maersk will be revising the Peak Season Surcharge (PSS) for shipments from China and Hong Kong to the following destinations: Angola/ Cameroon/ Congo/ Congo, Dem.Rep .of/ Equatorial Guinea/ Gabon/ Namibia/ Central African Republic/ Chad/ Guinea/ Mauritania/ Gambia/ Liberia/ Sierra Leone/ Cape Verde Island/ Mali This surcharge adjustment will take effect on 1 December 2024: Or
Xi'an, China- Middle Corridor-Europe transit times are now around 30 days The "Xi'an - Middle Corridor - Europe" westbound train has been in operation since August 13, 2024 and is now a regular option for transportation. In addition, Beijing Trans Eurasia plans to officially launch the "Europe - Middle Corridor - Xi'an" eastbound service in November 2024 After departing from Xi'an, the route enters Kazakhstan via the Altynkol Border, and transits to container ships at
HPC confirms Georgia's National Maritime Single Window implementation HPC Hamburg Port Consulting, in collaboration with software provider Prodevelop and local partner Plisk Consulting, celebrates the successful post-implementation health check of Georgia's National Maritime Single Window (MSW). In addition, this innovative digital platform represents a major transformation in Georgia's maritime industry, streamlining operations for over 400 users across the countr
KMTC Line bets big on Middle East and Indian trades with newbuildings South Korean intra-Asia carrier Korea Marine Transport Company (KMTC Line) has ordered the largest ships in its 70-year history. KMTC Line's representative confirmed to Container News that it is behind orders for two 8,700 TEU ships at HD Hyundai Samho Heavy Industries. The LNG dual-fuelled and methanol-ready newbuildings, scheduled for delivery in early 2027, cost US$115 million each, representi
PSA and National University of Singapore launch supply chain living lab PSA International (PSA) and the National University of Singapore (NUS) have announced the establishment of the PSA-NUS Supply Chain Living Lab. Recognizing the increasing demand for integrated solutions that go beyond traditional port container handling, PSA has broadened its scope as a global port operator to include services across the broader supply chain. To support this initiative, PSA has c
Angel sinking: Taiwanese authorities seek over US$9 million from Norwegian insurer Taiwan International Ports Corporation's Kaohsiung branch is seeking TW$304 million (around US$9.4 million) for clean-up costs and lost fishermen's earnings following the sinking of the Palau-flagged boxship Angel on 21 July 2023. The port authority has assessed that pressing the claims against the ship owner is impossible, and the matter will have to be settled with the vessel insurer, Norway-ba
Zim share sale will be scrutinised by other operators A number of container ship operators will be scrutinising Zim Integrated Shipping's books to see if there are any synergy possibilities with the Israeli carrier, said one financial expert. It emerged on Friday (22 November) that the New York-listed Zim's largest shareholder Kenon Holdings, which is 62% owned by Idan Ofer will sell its remaining 14.8 million shares in the Israel-based carrier, for
Prodevelop to provide Port Autonome de Douala with management software The Port Autonome de Douala (PAD) is advancing its digital transformation strategy by partnering with Spanish technology company Prodevelop to implement an integrated port management software solution. This collaboration aims to revolutionise the port's operations by streamlining internal processes, enhancing the management of financial and operational data, and delivering superior service to its
Why Trump's return is neither good nor bad for shipping Donald Trump will soon be back in the Oval Office. Pierre Aury wonders whether we are entering a time loop. A 78-year-old man will soon be the 47th president of the US. He will be replacing an outgoing president who was also 78 when he moved into 1,600 Pennsylvania Avenue back in January 2021. If ...
PSA and Evergreen form Singapore box terminal joint venture Singapore's PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year. The strategic partnership will offer long-term terminal capacity assurance to the world's seventh-largest carrier's fast-expanding global vessel fleet in PSA Singapore, the terminal operator said in a release. "Environmentally ...
Meta taps into Norden's biofuel offering Danish shipping giant Norden has sealed a deal with Mark Zuckerberg's Meta for the use of sustainable fuels in its maritime supply chains. The owner of Facebook, which has set a goal of reaching net-zero emissions across its value chain in 2030, has signed up for the so-called Book & Claim model, which sees Norden-operated ...
Douglas Wheat steps down as chairman of International Seaways Douglas Wheat has stepped down as chairman of New York-listed International Seaways. The industry veteran who has chaired Seaways' since November 2016, will be replaced by Ian Blackley - the company's board member and former top man at its predecessor Overseas Shipholding Group. "Wheat's resignation was not the result of any disagreement with the company ...
IWS Fleet and Asso.subsea terminate CSOV charter deal Oslo-listed Integrated Wind Solutions (IWS) has seen its subsidiary IWS Fleet terminate a charter deal with Greece-based offshore contractor Asso.subsea for one of its commissioning service operation vessels (CSOVs). The Awilco-backed outfit, which owns close to 75% of IWF Fleet, said in its quarterly earnings report that the charter revealed in October 2023 had fallen ...
Sweden seeks bulk carrier linked to cable outage Sweden is attempting to get this week's most talked about ship to move into its territorial waters as a diplomatic standoff continues over a recent cable outage. The Yi Peng 3, a 23-year-old panamax bulk carrier owned by Ningbo Yipeng Shipping, has been linked to the severing of two data cables in the Baltic Sea ...
Shipping needs to change the narrative to attract investors Shipping might be a multi-trillion dollar industry and the backbone of world trade, but it is infinitesimally small in the minds of investors. New research from US-based Cavalier Shipping shows that less than 79 US cents out of every $1,000 invested in the US stock market goes to shipping and offshore companies. Shipping companies represent ...
CORE POWER teams with Westinghouse for nuclear floaters Shipping nuclear propulsion start-up CORE POWER is teaming up with US nuclear firm Westinghouse to design and develop a floating nuclear power plant. The floater, which the companies said could be centrally manufactured and easily transported to operation sites, combining advanced nuclear technology with shipyard efficiency would deliver nuclear energy to islands, ports, coastal communities ...
Pemex suspends work for Paratus jackup John Fredriksen-backed Paratus Energy Services has received a suspension notice for one of its jackup rigs working for Pemex offshore Mexico. The Oslo-listed Paratus said that the jackup Courageous would temporarily cease operations for 45 days due to delays in the client's preparatory activities at its next location. The 2007-built rig, which has been on ...
Geneva Dry Dialogues: Seanergy Maritime Geopolitical tensions and their impact on global supply chains, the potential postponement of enforcement of environmental regulations, and the extension of vessel age limits are three massive topics that Greek owner Stamatis Tsantanis reckons will form much of the debate at next April's Geneva Dry, the world's premier commodities shipping conference. Tsantanis, who heads up ...
Shearwater bags seismic survey offshore India Norwegian offshore seismic vessel player Shearwater Geoservices has secured work off the east coast of India. The company said Tuesday it had received a letter of award from ONGC for a large 3D seismic survey. The 2011-built Oceanic Sirius will be utilised for the survey, covering an area of about 2,200 sq km. The work, ...
Record lows see LNG spot prices dip below $7,000 a day LNG shipping spot rates and time charter rates have fallen to all-time lows, according to research from Joakim Hannisdahl-led Gersemi Asset Management. Dual fuel diesel electric carriers and steam turbine carriers are at or below operating costs, Hannisdahl warned yesterday. The average spot rate assessment for a modern two-stroke 174,000 cu m unit fell by ...
Irate investor launches website in ongoing bid to thwart CMB's Euronav takeover Alexander Saverys's keenness to put a shareholder dispute behind him, and press ahead with fleet renewal plans at CMB.TECH, formerly Euronav, still faces hurdles, with one especially irate investor group going so far as to create a website detailing its legal tussles. Euronav Scuttled is the web creation of FourWorld Capital Management, a Securities and ...
UK unleashes its largest wave of shadow fleet sanctions The UK has imposed its largest wave of sanctions to date against Russia's shadow fleet, including ships found not to be carrying correct insurance while transiting the English Channel. Alongside the 30 vessels targeted, insurance companies enabling the fleet have also been sanctioned. "The move will further constrain the Kremlin's ability to fund their illegal ...
BIMCO unpacks new FuelEU Maritime clause On January 1, the FuelEU Maritime regulation will come into force. With this in mind, global shipping organisation BIMCO has released a FuelEU Maritime clause for time charter parties, which has been developed to help stakeholders align their contractual frameworks. "The FuelEU Maritime regulation will significantly impact the shipping industry, even more so than the ...
One in three ballast water treatment systems fail Port State Control Over 30% of all installed ballast water treatment systems fail Port State Control D-2 compliance inspections despite 95% of systems having successfully passed commissioning tests. Information submitted by Global TestNet to the International Maritime Organization's Marine Environment Protection Committee revealed that 29% to 44% of operational systems are failing to remove invasive species. Accord
Landmark liquefied carbon dioxide vessel gets ready for work Trials have been completed and Dalian Shipbuilding Industry Co is now delivering a landmark liquefied CO2 carrier called Northern Pioneer to its joint venture owners, Northern Lights. The purple-hulled vessel, sporting a rotor sail, is the first in a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry ...
How new Trump tariffs on China, Mexico and Canada could impact shipping The 'opening salvo' in the next trade war came two months before Donald Trump's inauguration. The president-elect's tariff threat against...
Go it alone UK sanctions could undermine Russia price cap, insurers fear Common list of targeted vessels would make more sense, underwriters contend
TEN eyes 'promising' tanker market for near future Busy drydocking schedule impacts results but Greek owner continues churning out strong profits
What the climate cash conundrum means for shipping The COP climate talks are in crisis with a climate finance black hole opening up, but the failure of those...
Norden in book-and-claim biofuel deal with Meta Danish shipping company Norden has signed a sustainable fuel agreement with Meta to book and claim biofuel carbon reductions
Run of big casualties at NorthStandard down to luck, argues Jennings Pool claims for 2021 now substantially top half a billion dollars after backyear deterioration
MPCC revenue down as it raises full-year guidance 'Throughout the quarter, and 2024, the container market has continued to experience considerable influence from geopolitical disruptions,' said MPCC chief...
US turns up heat on Hong Kong over alleged hub role in sanctions evasion The US intensifies pressure on Hong Kong over its alleged emergence as a sanctions evasion hub facilitating restricted trade with...
South Korean shipbuilders win orders for green containerships HJ Shipbuilding & Construction has received an order from a European shipping company to build four 7,900 teu methanol-ready, scrubber-fitted...
Marine fuel still has cat fine problem five years on from IMO sulphur cap Lower sulphur fuels that comply with the IMO regulations have a lower viscosity, which means cat fines sink to the...
Bulk carrier values continue decline as freight rates descend Capesize values have remained strong but recent offers for a 2011-built capesize were at significantly lower levels than recent sales...
More than a hundred charged after Newcastle blockade New South Wales police have arrested 170 people at a climate protest which sought to disrupt shipping at Newcastle
Former vice-chairman of Guangzhou Port Group assumes chairmanship and party leadership Predecessor Li Yibo has been under anti-corruption investigation for over half a year, with no results yet announced
Sweden urges Yi Peng 3 to enter its waters to investigate cable damage Swedish Prime Minister Ulf Kristersson told reporters his country wants the bulk carrier to move into its waters to aid...
Container futures plunge on falling spot rates and ceasefire fears The market is closely watching whether carriers can sustain next month's planned rate hikes, as Maersk appears to have already...
The Daily View: Weak words Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing 26 November 2024 Idan Ofer buys Oaktree's $3bn Fleetscape portfolio | Idan Ofer to exit Zim as Houthi attacks buoy profits and share...
Evergreen sets up transshipment hub in Singapore with PSA terminal deal The agreement was set in motion by Evergreen just weeks after Singapore experienced unprecedented congestion in May and June, with vessel delays of up to 10 days.
NYSHEX keeps core vision while evolving in volatile container shipping market NYSHEX is making a renewed effort to solve the fundamental problem of ocean container supply chains, promoting the use of index-linked contracts to build contract integrity and certainty.
Tightening Europe decarbonization measures will raise shipper costs: carriers Carrier compliance with European regulations targeting the reduction of carbon emissions will increase in 2025 and the rising costs that result will be passed on to customers through higher surcharges, liners say.
Asia-Europe ocean rates up sharply ahead of carriers' Dec. 1 price hikes Average spot rate levels on the Asia to Europe trade lanes have continued to increase through November as an early start to the Lunar New Year pushes up bookings, forwarders say.
US stocks shrug off Trump and hit new highs, but shipping doesn't share the wealth President-elect's tariffs talk might have rattled some nerves, but not for long
'Monumental step': CIP forges partnerships with BW and Faerder to develop ammonia carrier fleet Fund manager is also in talks with shipowners for VLACs
Frode Teigen mulls sale of Belships stake six years after wresting control Investment companies hire strategic advisors to evaluate options for stake worth $210m
Britannia Group appoints former Euronav big-hitter as new chairman Egied Verbeeck starts work on 1 January as chairman of the board at the protection and indemnity club
OLT's Livorno FSRU back in business with first LNG import cargo Capacity on Italian regasification unit is fully booked through into 2026
Seanergy spin-off United Maritime sticks to dividend in 'transitional' loss-making quarter Company still bullish about the prospects of its eight bulkers
Expect more fines for Russia sanctions breaches, says UK's top enforcer Giles Thomson says bigger and more penalties are on the horizon for breaches of Russian regime
Freight Investor Services names new CEO as John Banaszkiewicz steps back 'Johnny B' is going nowhere and will continue as chairman of the brokerage
'Big and chunky': deal-maker Mikkel Gleerup talks up further M&A Cadeler boss says scale is vital in wind turbine ship sector with high barriers to entry
John Fredriksen's Frontline and Golden Ocean see profit forecasts tumble Weak freight markets have pushed down Ebitda estimates for both companies
Tsakos Energy Navigation profit drops on fleet modernisation costs Tanker owner posts yet another profitable quarter and says it will continue selling older vessels to renew its fleet
Veteran VLCC changes hands as secondhand tanker market picks up Values for older vessels still falling despite busier week
Shipowners, financiers and cargo owners issue hydrogen call to arms after COP29 Trafigura and Fortescue are among those to agree to 'procuring zero-emission shipping services powered by zero-emission fuels by 2040'
Meet Trump's top team: How might his proposed cabinet impact shipping? Commerce and Treasury secretaries could push tariff agenda, while national security adviser is known for supporting domestic shipping
Hayfin raids secondhand market for pair of Norden capesize bulkers Norden appears to have flipped former GoodBulk ships at a profit
Northern Lights first liquefied CO2 carrier newbuilding poised for handover Historic vessel set to arrive at Norwegian carbon capture and storage project in January
Bulker suspected of damaging undersea cables urged to return to Swedish waters Prime Minister Ulf Kristersson wants to move forward with probe into two incidents last week
Is 'rare' VLCC scrapping the start of a demolition uptick, asks Tankers International VLCC scrapping has been rare in recent years thanks to dark fleet and market hopes
Golar LNG's Argentina FLNG ambitions boosted as second domestic oil and gas big name jumps on board YPF to join forces with Golar LNG and Pan American on Vaca Muerta floater plans
AI-powered robots drive Chinese start-up, backed by early WhatsApp investor, with an eye on the West Robotics outfit is backed by early investor in Apple, Google, WhatsApp and Shein
Greeks to the fore as brisk S&P activity telegraphs aggressive disposal of older bulkers Brokers see 'abundance' of dry cargo ships hitting the market
Mark Zuckerberg's Meta strikes biofuel deal with shipowner Norden Owner of Facebook agrees Book & Claim arrangement for use of sustainable bunkers
Awilco-backed Integrated Wind Solutions sets revenue record as ship deliveries continue Offshore wind shipowner has four of its six vessels on the water
H-Line Shipping joins fire sale of LNG carrier steamships with 29-year old vessel Oldest vessels in LNG fleet facing double whammy of tightening regulations and rock-bottom rates
'Potential for softening': Clarksons cautious on 2026 tanker markets as orderbook bites UK shipbroker says ordering spree could finally catch up with market, particularly on the clean side
'Amazing investment': Idan Ofer sets up bumper Zim exit with share sale in Wall Street cash machine Shipowner set for huge payday after hiring two major banks to sell holding in New York-listed container ship company
Busy MPC Container Ships fully booked for 2024 with rates dropping Owner says demand remains strong as third-quarter profit falls
Navibulgar books six newbuildings to extend orderbook at Yangzijiang Bulgarian owner has a total of nine bulkers on order at the Singapore-listed shipyard
AI-powered robots drive Chinese startup, backed by early WhatsApp investor, with an eye on the west Robotics outfit is backed by investor behind Apple, Google, WhatsApp and Shein
BW-backed Cadeler positive on profit guidance as wind ship backlog swells to record €2.4bn CEO Mikkel Gleerup says demand still strong at world's biggest installation ship owner
South Korean shipyards rake in container ship newbuilding deals worth $1.2bn Rig crew evacuated in North Sea after offshore vessel collision
Oil rig evacuated after vessel collision More than 50 workers are taken off jack-up unit after incident
Purolator replacing 70-year-old freighters in Canada with ATR72-500 KF Aerospace is swapping out old Convair cargo planes for more modern ATRs that will fly packages for Purolator in British Columbia.
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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