KEZAD Group to establish 1.1 sq km dedicated zone for aquaculture and related industries Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones in UAE, has announced plans to establish a specialized zone for aquaculture and related industries. This new zone responds to the rising demand for dedicated infrastructure and connectivity to serve both domestic and international markets from Abu Dhabi. KEZAD Group is also a key pa
COSCO, CP Group, Freepoint Commodities sign green methanol production deal On 15 November, COSCO SHIPPING, CP Group, and Freepoint Commodities signed a memorandum of understanding (MoU) to proceed with green methanol production. This partnership aims to leverage each party's strengths, enhance collaboration, and establish a robust alliance. The signing of this agreement marks a significant milestone in their strategic cooperation, laying the foundation for progress in t
MSC introduces congestion surcharge in Mozambique Due to ongoing congestion at the Port of Beira in Mozambique, which has created challenging operational conditions, MSC will implement a congestion surcharge. This surcharge will apply to cargo shipped from the Middle East and the Indian Subcontinent, including India, Pakistan, Sri Lanka, and Bangladesh, to Beira. Effective from 9 December 2024 (gate-in date), the surcharge will be set at US$500
Rotterdam-Singapore corridor completes successful LBM bunkering pilot The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners successfully conducted a pilot project for the bunkering of mass-balanced liquefied bio-methane (LBM) at the Port of Rotterdam on 19 October. Shell supplied 100 tonnes of mass-balanced LBM to the liquefied natural gas-powered container ship CMA CGM Tivoli. Produced from waste-based feedstock, this LBM offers a lower-emiss
MSC changes USA to SAEC service rotation Swiss/Italian box line MSC has announced adjustments to its USA to SAEC service, which connects the United States with the East Coast of South America. The largest ocean carrier said the port of Freeport in Texas will be replaced by the port of Caucedo in the Dominican Republic on the southbound sailings. Consequently, the updated port rotation will be as follows: New York (US) - Norfolk (US) - B
Open Banking Providers: Backbone of OB Ecosystem Open banking is transforming the financial landscape by enabling secure, permission-based data sharing between banks and third-party applications. Regulations like PSD2 effectively ended traditional banks' monopoly over customer data. Yet behind this innovation are open banking providers - tech companies that create and manage the secure connections that allow data to flow safely and efficiently.
Shanghai hits 40 million TEU milestone as volumes grow at Chinese ports From January to October 2024, Chinese ports handled a total of 276.4 million TEUs, reflecting a 7.6% year-on-year growth. In October, Shanghai Port recorded a container throughput of 4.15 million TEUs, up by 3.8% compared to the same month last year, while Ningbo Zhoushan Port processed 3.31 million TEUs, marking a 12.9% year-on-year increase. Shenzhen was the third busiest port in China with 2.8
Leading Port Operators' Influence Goes Beyond Global Trade Port and terminal operators play a pivotal role in the global shipping industry. The largest terminal operators, with their strategic control over key ports worldwide, have a profound impact on not only the flow of goods but also the geopolitical landscape. Their influence shapes the dynamics of international trade, giving them a significant role in the global economy and beyond. This content is
Hapag-Lloyd secures long-term green methanol offtake agreement Hapag-Lloyd has signed a long-term agreement with Goldwind, a global clean energy solution provider based in Beijing, China, to receive 250,000 tonnes of green methanol annually. Green methanol, a blend of bio- and e-methanol, will reduce greenhouse gas (GHG) emissions by at least 70% and meet all relevant sustainability certification standards, according to the German shipping company. "As part
Maersk christens new dual-fuel methanol vessel in Singapore A.P. Moller - Maersk celebrated the arrival of its newest dual-fuel methanol container vessel, "A.P. Møller", in Singapore, marking the start of its maiden voyage from Asia to Europe. Named in honour of Arnold Peter Møller, the founder of the Danish shipping company, the vessel is the ninth in the company's fleet capable of operating on methanol. The naming ceremony was attended by key figures, i
Transped orders new generation harbour crane Bulk cargo operator Transped has placed an order for a Konecranes Gottwald Generation 6 mobile harbour crane to enhance its handling capacity and operational efficiency at the Venezia-Marghera port in Italy. The order was finalized in Q4 2024 and the new machine is expected to be delivered in the second quarter of 2025. Part of the Italian FHP Group, a national operator in the bulk sector handlin
New Trade War Round to Begin: China's Stance and First Conflict Aftermath As Donald Trump has announced plans to impose an additional 10% tariff on all Chinese imports, the trade war between China and the United States is about to become a key trend in the global supply chain industry. 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 .
TT Club announces leadership change at Singapore branch After five years as Chief Executive of TT Club and 15 years leading Thomas Miller's Singapore operations, Yiah Soon (YS) Ng has announced his retirement. Ng was succeeded by Kamel Tlili, TT Club's Regional General Manager for Asia Pacific, who assumed the role in September. Kamel Tlili, who became Regional General Manager of Asia Pacific a year ago, will also serve as Chief Executive of TT Club's
MSC unveils enhanced East/West service network MSC announced that its standalone East/West network services will be upgraded with additional port calls to enhance connectivity between Asia, Europe, the United States, and Canada. These updates, effective from February 2025, reflect MSC's ongoing commitment to expanding its ocean freight network, providing customers with more direct port pair options, and ensuring competitive transit times. As
COSCO introduces Far East to South America West Coast service COSCO SHIPPING Chancay Port commenced trial operations on 14 November, marked by the successful unloading of new energy vehicles and other transportation products from COSCO SHIPPING HONOR and COSCO TENG FEI at the Peruvian port. Peruvian COSCO terminal commences operations The maiden voyage of COSCO TENG FEI, carrying 2,756 vehicles, embarked from China's port of Shanghai to Chancay and other So
ONE acquires stake in Indonesian box terminal Ocean Network Express (ONE) announced the successful acquisition of a minority stake in New Priok Container Terminal One (NPCT1), which is located in Jakarta, Indonesia. NPCT1 is a key terminal supporting established gateway markets across Southeast Asia. Established in 2016, the terminal boasts an annual capacity of 1.5 million TEUs and is equipped to handle advanced mega container ships, thanks
Port of Melbourne nears 300,000 TEUs in October Port of Melbourne reported an increase in total container throughput for October compared to the same month in 2023, with volumes reaching 295,000 TEUs. Full container imports (excluding Bass Strait) also saw an increase, with furniture, domestic appliances, and paperboard all surpassing the volumes of the previous year. Similarly, full container exports (excluding Bass Strait) were up, with nota
Pacific Basin orders methanol dual-fuel ultramaxes Hong Kong-based dry bulk shipping giant Pacific Basin has ordered four methanol dual-fuel ultramaxes at Japan's Nihon Shipyard for delivery between 2028 and 2029. Two of the 64,000 dwt vessels are contracted jointly with Nihon Shipyard and Imabari Shipbuilding, and the other two newbuilds are agreed with Japanese trading house Mitsui & Co. The ships ...
EMS Chartering takes on Enercon's wind-assisted MPP Germany's EMS Chartering and compatriot Enercon have teamed up for the chartering of the wind turbine maker's wind-assisted multipurpose vessel E-Ship 1. The tie-up increases the presence of the wind-assisted cargo ship on the charter market and leads to improved utilisation of its capacity, the companies said. In addition to wind turbine components, the E-Ship ...
Guenther Siemens appointed head of Briese Chartering Guenther Siemens, who has been with BBC Chartering in varying positions for more than 25 years, will take over the role of the managing director at sister firm Briese Chartering from January 1. He succeeds Ilona Lazareva, who is leaving the position at her own request but will remain with Briese Chartering as a chartering ...
'From the doghouse to the outhouse': VLCCs' tricky Q4 voyage The VLCC market has gone "from the doghouse to the outhouse" with rates plummeting across the board in all areas in the week gone by, according to Norwegian broker Fearnleys. Nevertheless, the tanker segment remains in profitable territory, however owners are frustrated that there has been no sustained earnings bump in Q4 with spot VLCCs ...
Strategic Marine seals South Korean CTV deal Singapore-based shipbuilder Strategic Marine has signed a new contract with South Korea's Yeosu Ocean for the construction of a StratCat 27 crew transfer vessel (CTV), following its entry into the country's offshore windfarm market earlier this year. The agreement, which builds on Strategic Marine's previous CTV delivery to Korea, will see the build-out of a ...
See which way the wind blows In the first of a two-part contribution, Henrik Alpo Sjöblom from Kongsberg Maritime identifies the main wind-assisted propulsion systems. At Kongsberg Maritime, we integrate various systems onboard ships, from the bridge to the propeller. For wind, we don't have this in our product range, but as an integrator and also a ship designer, the potential ...
Eidesvik makes Helga Cotgrove permanent CEO Eidesvik has made Helga Cotgrove permanent chief executive after she stepped up as interim head of the Norwegian offshore vessel owner following the exit of boss Gitte Gard Talmo. "We have conducted a thorough search process and it is clear to us that Cotgrove is the best suited to lead the company going forward," said ...
Geneva Dry Dialogues: Heidelberg Materials Trading The dry bulk fleet is rapidly ageing and new orders will be vital next year, even if yards are overflowing with contracts for other types of ships. That's the view of Willem Vermaat, shipping director at cement giant Heidelberg Materials Trading, who will be joining the minor bulks session at next April's Geneva Dry, the ...
Helix secures work on UK's biggest subsea connection project Helix Energy Solutions' marine contracting business unit, Helix Robotics Solutions has secured a contract from SSEN Transmission to provide unexploded ordnance (UXO) survey services for the Eastern Green Link 2 offshore subsea cable project. The contract is expected to last 125 days and is scheduled to begin in the second quarter of 2025. Under the ...
DEME wins German offshore wind terminal contract Belgium-based marine contractor and one of the largest dredging groups, DEME, has won a contract to build an offshore wind terminal in the Port of Cuxhaven in Germany. The terminal will boost Cuxhaven's position as a key offshore industrial hub to support handling heavy-duty loads, particularly components for offshore wind farms. Operated by Niedersachsen Ports ...
Hengli Heavy wins first ammonia carrier orders Hengli Heavy Industry has entered the field of gas ship construction with its parent placing an order for four very large ammonia carriers (VLACs). No price has been revealed for the order. Hengli Group, which acquired STX Dalian more than two years ago and rebranded it into Hengli Heavy Industry, has lined up more than ...
Schulte forms Chinese crew joint venture The Schulte Group, Huayang Maritime Center, and Haikou Xinhaina Port and Shipping Technology Co have formed a joint venture on Hainan Island in the far south of China. Called BSM-HMC Maritime Services, the aim of the new joint venture is to build a strong local network to cultivate a new generation of Chinese crew. "Together, ...
ONE buys into Jakarta terminal Japanese liner Ocean Network Express (ONE) has bought a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia for an unspecified price. Built in 2016, NPCT1 has an annual capacity of 1.5m teu and can accommodate the largest ships afloat today. Other shareholders in the terminal are shareholders Pelindo II, Mitsui & Co ...
EU sanctions set to target 'high risk' dark fleet and Ukraine grain theft Latest round of EU sanctions includes a list of nearly 50 vessels considered to be either engaged in high risk...
Piracy exposure increases in Somali basin because of Red Sea diversions Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the...
Houthis seek to diversify LPG shipments Tehran no longer sole supplier to Yemeni rebel faction
P&I clubs take latest UK dark fleet sanctions in their stride No targeted vessels thought to be entered with International Group affiliates
What happened to shipping's innovation boom? Part II Lloyd's List editor-in-chief Richard Meade brings you the second half of his deep dive into innovation within shipping, this time...
Containership newbuilding orders placed in 2024 reach 3.8m teu of capacity Recent big boxship orders placed by Hapag-Lloyd and Maersk have pushed firm newbuilding contracts placed since January to almost 4m...
Hapag-Lloyd signs long-term methanol offtake agreement Hamburg-based carrier says the deal will save 400,000 tonnes of CO2-equivalent emissions per year and power five 10,000 teu charter...
Pacific Basin orders methanol-powered ultramax quartet in green push Order caps a two and a half year joint development project between the owner, the builders and fuel supplier to...
Pollution per container has not reduced in past six years, T&E finds Research by Transport & Environment found Europe's containerships pollute as much per container as they did six years ago, according...
Carriers miss out on LPG bonanza LPG carriers have missed out on what should have been a US Gulf-Japan arbitrage boom because of a quirk in...
NorthStandard to become exclusive reinsurer for Noord Nederlandsche NNPC expanding beyond Dutch roots into inland market
Former Port of Auckland chief executive guilty on health and safety charges The charges were brought by Maritime New Zealand after the death of a port worker in August 2020
Schulte Group, Huayang and Xinhaina establish joint venture for crew training Based in Haikou, the new training company is poised to benefit from Hainan's forthcoming free trade port policy
ONE acquires stake in Indonesia terminal to bolster Southeast Asia presence ONE also obtained five newbuildings from Seaspan's recently signed order this summer, along with terminals on the US west coast...
The Daily View: Why flag hopping brings back memories of stamp collecting Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
StealthGas enjoys premium from heavier focus on Europe Red Sea attacks have also reduced Middle East exports to Europe, with a positive knock-on effect on US exports
Daily Briefing London-based Barbados registry flags 43% of UK-sanctioned ships | How new Trump tariffs on China, Mexico and Canada could impact...
Energos Infrastructure FSRU tipped to shift to Egypt under long-term deal Three-vessel switcharoo in the works for when existing unit departs and FSU for nearby Jordan arrives
Energos FSRU tipped to shift to Egypt under New Fortress long-term deal Three-vessel switcharoo in the works for when existing unit departs and FSU for nearby Jordan arrives
Maersk Tankers ships out oldest vessel to China for firm price Danish group defies sale-and-purchase doldrums with deal for veteran handysize
Tankers should see momentum in 2025, says Bimco as it warns of supply-side headwinds beyond Product tankers will feel bite of fleet growth in 2026
Pricing in the worst: Hafnia stock sell-off 'overdone', say analysts Clarksons Securities says share level suggests close to 30% drop in product tanker owner's fleet value
Sallaum Lines doubles car carrier orders to $1bn as Swiss owner bets big on China demand Company addresses capacity constraints with new vessels
George Procopiou strikes $1.1bn sale-and-leaseback deal for five LNG carriers Five 200,000-cbm LNG carriers will be on long-term charters
Energos Infrastructure tipped to shift its FSRU to Egypt under long-term deal Three-vessel switcharoo in the works for when existing unit departs and FSU for nearby Jordan arrives
Pacific Basin Shipping orders methanol dual-fuelled bulkers in Japan Owner-operator also signs deal to develop a supply of green methanol for the ships
Roller coaster tanker market 'not a complete disaster', says Frontline chief executive But dynamics have to change for rates to break out of current muted range
Shipowners' Club breaks ranks on P&I renewal premium hikes Small vessel insurance specialist expects to record an underwriting profit this year
George Economou dives into container shipping with an order for four newbuildings Major Greek owner is behind series of 7,900-teu vessels at HJSC
Worldscale's tanker assessments to incorporate ICE carbon pricing next year London and New York organisations team up to reflect changing market pressures
Inside the 'incredibly acrimonious' battle for control of shipowner Eletson Court and arbitrator find improper conduct on both sides as bitter legal battle keeps sizzling
Ex-Halliburton executive Helga Cotgrove made permanent CEO of Eidesvik Offshore after interim stint New boss confirmed in top job following 'thorough search process'
Huge U-Ming bulker to have giant rotor sails installed to tap wind power Very large ore carrier to have four 35m high spinning towers installed
Defunct Bed Bath & Beyond seeks to lift claim against container giant OOCL beyond $44m Cosco-controlled liner operator's lawyers complain of pressure tactic
Tor Olav Troim and Richard Fulford-Smith's new VLCC venture goes public in Oslo Company formerly known as Andes Shipping brings in former Fredriksen lieutenant Gunnar Eliassen as CEO
South Africa's maritime authority suspends operations chief Sobantu Tilayi for second time COO faces another internal investigation over alleged financial mismanagement
Sanctioned shadow fleet tanker loads oil despite UK lauding disruptive policy UK foreign secretary says he has used tool 'pretty aggressively' after the government came to power in July
John Fredriksen's Frontline 'cheapest it has been in years' after stock plunge Fearnleys says 'peak negativity' not far away as winter market stalls
'Take home a profit': High shipyard prices driving spike in resale deals, MB Shipbrokers says Danish shop sees more owners locking in profit before delivery
'Beloved' Briese Chartering boss Ilona Lazareva steps down after nearly a quarter of a century German multipurpose supremo will stay on as chartering broker while handing over reins to colleague Gunther Siemens
Deals, dividends and discounts: DNB launches coverage of OSV stocks with buy ratings Sea1 Offshore, Solstad Offshore and Tidewater offer value
Dividends, discounts and deals: DNB launches coverage of OSV stocks with buy recommendations Sea1 Offshore, Solstad Offshore and Tidewater offer value
Oldendorff Carriers set to unleash firepower: 'When the timing is right, we will reload and load more' German owner-operator has been growing and is getting more technologically sophisticated
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