Michelle Kruger named president of Austal USA The board of directors of Austal USA has named Michelle Kruger president of Austal USA, where she has been serving as interim president since August 2023. Kruger joined Austal USA in 2022
VIDEO: First commercial vessel transits new fourth Baltimore temporary channel Efforts to get the Port of Baltimore up and running again are making progress. According to Coast Guard Sector Maryland, the status of the port is now "Open with Restrictions." A new,
CMA CGM announces new FAK rates from Asia to North Europe CMA CGM, the French carrier, has announced new Freight All Kinds (FAK) rates effective from 15 May 2024 (loading date) until further notice as follows: 20'GP 40'GP/40'HC/40'REEFER Asia to North Europe US$2,700 US$5,000 Base port-to-base port rates are established, with out-ports subject to standard TAO/TAD guidelines. Originating from all Asian ports (including Japan, Southeast Asia, and Banglade
OOCL launches new service for express Asia-Mexico connection OOCL has introduced a new service, Transpacific Latin Pacific 5 (TLP5), in its Asia-Latin America network to enhance port coverage in the regions. In addition to OOCL's existing loops TLP1 / 2 / 3, the new service will provide direct connections between China, Korea, and Mexico, boasting competitive transit times of 15 and 20 days from Qingdao to Ensenada and Manzanillo, respectively. Port rotati
DP World and Asian Terminals launch new terminal in the Philippines DP World and Asian Terminals Inc. (ATI) have jointly inaugurated the Tanza Barge Terminal in Cavite in the Philippines, enhancing the efficiency of goods and raw materials transportation to and from the capital via sea barging. Situated within the newly designated MetroCas Industrial Estates Special Economic Zone, the Tanza Barge Terminal is designed to handle nearly 240,000 TEUs annually and wil
MSC and GSBN partner to enhance lithium battery shipment safety MSC announced its partnership with the Global Shipping Business Network (GSBN), a neutral, non-profit consortium dedicated to promoting paperless, accessible, and sustainable growth in global trade through its robust data infrastructure and network of partners. This collaboration aims to bolster safety standards in the transportation of lithium battery shipments. The increasing presence of lithiu
DAKOSY and dbh introduce digital authorization for pick-up A new digital release process for containers arriving at German seaports, called "Secure Release Order," is set to be implemented. Developed by DAKOSY, a leading software company for logistics and dbh, a leading IT company for software, this system aims to gradually replace the existing PIN code-based process. The introductory phase is planned to roll out in the second half of this year. Through
Port of Algeciras sees 3% cargo growth in Q1 2024 During the first quarter of 2024, the Port of Algeciras experienced a 3.30% increase in cargo throughput, reaching 26.6 million tonnes. This growth was primarily driven by a surge in Liquid Bulks, with 7.5 million tonnes of crude unloaded and refined fuels loaded at the port, marking a 14% increase. Additionally, Container Throughput contributed to the cargo volume, with 1.17 million TEUs handled
D'Amico doubles down on LR1 newbuilds Italian product tanker owner and operator d'Amico International Shipping (DIS) has bolstered its orderbook at Jiangsu New Yangzi Shipbuilding with two additional LR1 tankers. The Milan-listed firm is paying $56.2m per ship, with deliveries expected in July and December 2027. DIS currently boasts a fleet of 34 double-hulled product tankers of which 26 are owned. ...
BW Ideol unveils mass production setup for floating wind foundation Floating wind company BW Ideol is offering a standardized floating foundation product based on the Damping Pool solution in operation since 2018 in France and Japan. With over 22 GW already awarded in Scotland, around 8 GW in the USA, and several GW being awarded or in the tendering phase elsewhere, floating wind is now ...
RWE picks Fugro for Dogger Bank South seabed survey German utility RWE and Masdar, its partner in the Dogger Bank South offshore wind project, have hired Fugro for geotechnical seabed surveys on the project sites. RWE said in a social media post that the findings would provide a detailed and accurate picture of the ground conditions, which will aid the developer in designing the ...
TotalEnergies UK extends North Sea assets maintenance deal with PBS TotalEnergies' UK arm has extended the general maintenance and operations contract covering its UK North Sea assets with Aberdeen-based consortium PBS. The PBS contract was initially awarded by TotalEnergies UK back in 2020 and was supposed to last for five years. The Aberdeen-based consortium is made up of Ponticelli, Brand Energy & Infrastructure Services, and ...
Costamare takes Nissen Kaiun cape New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet plans, emerging as the highest bidder of one of the few reported cape sales this month. The Konstantinos Konstantakopoulos-led company tabled some $35m for the 12-year-old, Koyo Dock-built Frontier Unity, in a deal with its close friends at Nissen Kaiun. This is the second ...
Shipowners welcome 40% production benchmark for clean shipping fuels in Europe European shipowners welcomed the inclusion of clean fuels for shipping, including advanced biofuels and e-fuels, in the list of net-zero technologies adopted yesterday at the European Parliament under the Net-Zero Industry Act. The new law introduces a benchmark for the European Commission and EU member states to match 40% of the deployment needs ...
'Roly-poly' ship goes viral in Taiwan A video of a new self-righting vessel developed by Taiwan's Lungteh Shipbuilding Company has become a viral hit on the island. Video footage of the test shows the firefighting vessel being turned upside down in the water before automatically righting itself in less than 10 seconds, something that is more readily associated with smaller lifeboats. ...
HMM to deploy AI onboard to boost safety HMM, South Korea's flagship line, is installing Deep Eyes, an artificial intelligence video analysis solution on one of its biggest ships as a pilot with a view to further installations. Deep Eyes is a safety monitoring system that automatically recognises and warns crewmembers of abnormal situations such as fire, smoke, workers not wearing safety equipment, ...
Geneva Dry Dialogues: Burmester & Vogel The history of Burmester & Vogel (B&V) began in Hamburg in 1983 when Wieland Burmester and Andreas Vogel were introduced by a shipbroker to Alfred C. Toepfer International - now part of ADM, one of the world's largest grain traders - and tasked with the challenge of building a fast, flexible, and accurate laytime calculator. ...
Puzzled by Aponte's Gram Car Carriers deal? Don't be After putting together the world's biggest shipping empire in little over five decades, it's safe to say this guy knows...
From Crimea to Iran: two more ships join Russia's grain-smuggling fleet Following last year's joint investigation with Lloyd's List on Russia's evolving tactics to export grain from occupied Ukraine, Bellingcat uncovers...
Ukrainian grain exports rebound as ship arrivals near pre-war levels Fears rose over global food supply when the original Black Sea grain export corridor expired in July 2023. That threat...
Low-emission freight tender shows pragmatic approach to decarbonisation Hapag-Lloyd's win in a low-emission freight tender with its bio-LNG bid is seen as the best commercial decision for shipping...
Safe Bulkers inks new kamsarmax order in Japan Cyprus- and Greece-based operator aims for 'one of the most environmentally efficient dry bulk fleets in the market'
Wärtsilä chief says shipyard capacity slowly improving LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
Shipping swings at geopolitical curveballs on decarbonisation path: NYK chief Soga describes his experience over the past year as the commander-in-chief of the Japanese shipping and logistics group as constantly...
Marooned ships at Baltimore make their exit as temporary channel opens Five cargo vessels, including Wallenius Wilhelmsen's vehicle carrier Carmen, trapped at Baltimore port since March 26 have been able to...
China Merchants yard wins order for up to 10 chemical tankers Latest order brings Jinling Dingheng shipyard's backlog to 45 vessels
Daily Briefing Gas carrier fleet shipping Iranian LPG expands as exports boom | Another one bites the dust: Shipping stocks keep disappearing...
Hapag-Lloyd strengthens electronic bill of lading offering via IQAX tie-up with GSBN Use of IQAX adds another eBL option for Hapag-Lloyd, which already uses competitor vendor WaveBL, as the German container line...
US DOT awards $148 million in grants to lower truck pollution at ports The federal grants lean heavily on further electrification of heavy-duty trucks, but also look to other methods for reducing emissions.
US CBP clears chassis maker CIE in case alleging tariff evasion CIE suspended all imports of chassis and frames during a year-long investigation, but the manufacturer can resume operations now that US customs officials have found no wrongdoing.
Bad weather causing delays, congestion at major Asian load ports One of the worst-affected facilities is the Shanghai East Container Terminal, where there are delays of up to seven days, Maersk said in an advisory this week.
Knight-Swift to open 32 LTL terminals in 2024, expanding super-regional network The transportation holding company has set a multi-year "medium-term" LTL revenue target of $2 billion, nearly double its 2023 LTL revenue.
Shippers won't see intermodal contract hikes until 2025: Hub Group The intermodal provider has become more aggressive in pricing with shippers this year, jockeying with competitors for market share by lowering contractual rates for a second consecutive year.
Net-zero bill boosts Europe's decarbonization efforts for shipping The legislation adds advanced biofuels and e-fuels to a list of clean energy supported by the EU, which shipowners regard as a crucial step towards meeting the industry's alternative fuel needs of the future.
Breakbulk24: Pressure on capacity will shrink MPV/HL fleet: carriers Roughly one-third of the multipurpose and heavy-lift fleet is in position to be scrapped, while the industry demands larger vessels and carriers weigh which type of fuel will rule the day.
Safe Bulkers snaps up prompt yard slot, adding eighth newbuilding to orderbook New York-listed shipowner continues renewal efforts with latest newbuilding
Lois Zabrocky and International Seaways executives see lower compensation on smaller stock awards Diversified New York tanker owner turned in record year and cash pay ticked up
Houthi missile attack damages first vessel in more than a month Royal Navy agency says master reported two strikes targeting ship
Vessel damaged in missile attack as Houthis score first direct hit in more than a month Royal Navy agency says master reported two strikes targeting unidentified ship
Magazine publisher lodges class-action claim as deep-draught channel opens Lawyers allege the Baltimore bridge collapsed halted a 'vibrant economic engine'
Lawyers allege the Baltimore bridge collapsed halted a 'vibrant economic engine' Activist shareholder now has 1m reasons to make life difficult for listed company
Zim shares launch 'breakout' with 15% surge in a morning Shares in Denmark's Maersk also rise as freight index posts largest one-week gain since January
US lifts sanctions on Yasa tanker after company appeal over price cap action All restrictions have been lifted on Turkish aframax which is now cleared to trade
One in, one out at Norvic Shipping with new commercial chief hired from Norden Entry and departure marks new round of musical chairs at bulker operators
Private equity firm and pension fund aim to offload $990m in shares in Viking Holdings IPO Norwegian billionaire Torstein Hagen to hold unrivalled control with 'special shares'
Shadow fleet tanker in Danish Straits collision 'had invalid insurance' Danish investigators found Gard documents but insurer denied covering Andromeda Star
Shell's Tahir Faruqui makes case for LNG to accelerate shipping decarbonisation right now LNG pathway set to play pivotal role in energy transition
German human rights law could be catalyst for shipping action London broker calls for global legislation to protect seafarers
Wavelength Podcast: Go green? not yet! Aponte goes for Gram in hot car carrier market, and safety first, but silence the whistleblower, please US-based shipowners seem to have a laissez-faire approach to decarbonisation
UN reboots insurers' climate lobby to face down US critics Forerunner to new group closed this week under pressure from Republican opponents in the US
Jinhui chartering spree continues with deal for Singapore ultramax Oslo-listed owner takes Xinghe Shipping vessel for up to 23 months
d'Amico International Shipping doubles up with fresh LR1 tanker order in China Owner takes tally with same yard to four vessels costing $232.2m
Orders and pricing surge help HD KSOE to first-quarter turnaround South Korea's largest shipbuilding group logs a full year in profit
Outdated checklist blamed as helicopter smashed into bulker's handrail Australian accident report examines how aircraft came to suffer substantial damage on Taiwan Navigation kamsarmax
'We are killing people unnecessarily': Is this shipping's Boeing-style wake-up call? Head of safety scheme Chirp has raised the alarm that shipping is carrying too much risk - unnecessarily
India welcomes Russian insurers as it presses on with P&I plans India is one of the largest importers of Russian oil but volumes have been hit by sanctions
National Navigation orders bulker pair as part of Egypt's fleet expansion Transport minister says Egyptian owners want to more than double number of vessels in operation
Act now on decarbonisation because costs will only rise, Wartsila's Roger Holm says Finnish group's marine boss praises schemes such as the EU carbon levy for speeding energy transition
Ernst Russ hives off older feeder boxship in ongoing fleet renewal Another German-owned feeder vessel is changing hands
BW Group starts DHT stock sell-down with $18m of deals Singapore shipping giant signalled in March it would look to cut its stake in US-listed VLCC owner
As Houthis and pirates menace shipping, shipowner Christopher Fjeld targets maritime security play Investor is hoping a start-up will disrupt and modernise the maritime security sector
Dorian LPG hands over another $41m to shareholders in 'active' VLGC market US-listed gas carrier company is making 'irregular' payments something of a regular thing
CMA CGM launches $215m all-French decarbonisation fund Saade family-controlled company commits funds to decarbonise nation's maritime sector
Lomar Shipping bosses took home more pay from shipmanagement arm after loss Highest earning director at UK subsidiary paid £1.1m, accounts for 2022 show
Havila Kystruten welcomes government study into ferry routes Ferry company believes its fleet can withstand new environmental rules, should they come
Capital Product holds dividend firm with payout policy changes on the horizon New York-listed company's chief executive has said a floating distribution is likely in future
National Navigation orders bulker double as part of Egypt's fleet expansion Transport minister says Egyptian owners want to more than double number of vessels in operation
Chinese tanker giant orders up to 10 new ships in chemical carrier drive Specialist returns to China Merchants for a series of environmentally friendly vessels
Crew rescued as fishing boat sinks after tanker collision No injuries reported following accident in Scottish waters on Thursday
Havila Kystruten welcomes government look at ferry routes Ferry company believes its fleet can with stand new environmental rules, should they come
TMI positive on geared bulker demand as it pushes up returns Ed Buttery-led owner notes rising grain shipments and higher metal prices
Global disruption driving investment in new ships and technology, Wartsila boss says Finnish engine maker and researcher posts higher profit amid bullish demand picture
Hyundai Glovis splashing out $750m on world's largest car carrier newbuildings Car carrier giant to order six LNG dual-fuel 10,800-ceu vessels
Back in business? Athenian Shipping linked to bulk carrier newbuildings in China Athens company inactive since 2016 may have inked $62m order at a yard rarely linked to bulkers or Greeks
Hyundai Glovis splashing out $750m on world's largest car carrier newbuildings Car carrier giant to order six LNG dual-fuel 10,800-ceu vessels
Asian feeder operators levy emergency surcharge just as congestion levels peak Shipowners says they have faced a significant increase in overall operational costs in the past few months
LNG market heading into oversupply with demand drop expected in 2030s, institute says But Rystad Energy details Russian production set to fall well short of original plans
Capital Product keeps dividend firm with payout policy changes on the horizon New York-listed company's chief executive has said a floating distribution is likely in future
MSC ship suffers near miss in Gulf of Aden after Houthi missile attack Flare-up of rebel group's activity after brief lull sees second vessel attacked off Yemeni port
Port roundup: Strong annual growth across the board Despite the timing of the Lunar New Year, import volumes at three of the largest U.S. ports rose year over year.
Xeneta finds supply chain diversions fuel spike in carbon emissions The transportation industry is a major contributor to climate change. Turmoil in maritime shipping is forcing route diversions that are spiking emissions, reflected in data from Xeneta.
Cargo airline Amerijet warns of pilot furloughs amid downsizing Amerijet, trying to pull out of a downward spiral, is floating possible furloughs to address a pilot surplus.
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