Two winning bids in Gulf of Maine floating wind lease sale Today, BOEM completed its sixth offshore wind lease sale by offering areas in the Gulf of Maine - the first commercial sale for floating offshore wind on the U.S. Atlantic Coast. The
Maersk signs long-term bio-methanol deal with Chinese supplier With seven methanol dual-fuel ships already in service and more to follow, Maersk continues to line up new green fuel sources. It has now entered into a long-term bio-methanol offtake agreement with
JAG Alaska awarded $18.7M USNS Grasp contract JAG Alaska Inc., Seward, Alaska, has been awarded an $18,715,881 firm-fixed-price contract for an 81-calendar day shipyard availability for the regular overhaul and dry dock availability of Military Sealift Command's fleet rescue
EPA names successful applicants for $3 billion in Clean Ports Program grants The U.S. Environmental Protection Agency yesterday announced the selection of 55 applicants from 27 U.S. states and territories to receive nearly $3 billion through its Clean Ports Program. The agency anticipates making
Aidrivers and Rocsys forge partnership to advance port decarbonization efforts Transportation service provider Aidrivers unveils a strategic partnership with Rocsys, an automated charging solution provider for electric vehicles. This partnership combines Rocsys' cutting-edge robotic charging technology with Aidrivers' autonomous digital platforms, ensuring compatibility and streamlined, fully autonomous charging operations for electric terminal tractors (TTs). This initiati
CMA CGM implementes reefer surcharge from America to Far East French ocean carrier CMA CGM has notified its customers of an upcoming Peak Season Surcharge (PSS), effective from 1 November 2024 until further notice. This surcharge will apply to reefer cargo from the West Coast of South America, the West Coast of Central America, the Mexico West Coast, the East Coast of Central America, the Caribbean, and the Windward Islands, to China, Hong Kong & Macau SAR,
Port of Oakland secures historic US$322 million federal grant The U.S. Environmental Protection Agency (EPA) has awarded US$322 million to the Port of Oakland to accelerate its transition to nearly 100% zero-emissions cargo operations. The Californian port's ambitious and community-driven proposal, titled "Community Led, Business Supported, Proven and Ready to Go! Transforming the Port of Oakland to Zero Emissions," represents a historic investment in green
Soaring long-haul rates came at expense of Transatlantic lane 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 .
DP World expands Sustainable Development Impact Disclosure to new countries DP World has extended its Sustainable Development Impact Disclosure (SDID) to include Brazil, Senegal and South Africa, continuing its progress toward achieving the UN's Sustainable Development Goals (SDGs). This follows the company's first SDID published in April 2024, which focused on India and Somaliland. The extended SDID report highlights DP World's commitment to advancing sustainable develo
Port of Rotterdam launches geofencing for Just-in-Time ship arrivals The Port of Rotterdam has taken a significant step toward optimizing ship movements with the launch of a modern geofencing system, part of the initial phase of the Just-in-Time (JIT) Sailing project. This initiative aims to reduce CO2 emissions and enhance the efficiency of ship traffic management. Since mid-October, terminal planners and shipping agents have been receiving email alerts as soon a
Sea-Intelligence reports surge in retail inventories The latest data from the US Census Bureau shows that there is a consistent inventory increase in the retail sector. According to Danish maritime data analysis firm Sea-Intelligence, not only are retailers increasing inventories, but the pace of increase has also quickened. The following figure illustrates the trajectory of retail inventory levels, along with a trend line that reflects development
Devastating DANA Storm Shuts Valencia Ports, Claiming At Least 64 Lives All maritime traffic has been halted at the Port of Valencia and the Port of Sagunto due to the severe DANA storm, which has tragically claimed at least 64 lives. On the morning of Tuesday, October 30, the Valencia area was grappling with the storm's aftermath, featuring closed roads, flooded rail lines, and ports unable to operate. The Emergency Coordination Centre has issued a red alert for the
HHLA raises 2024 forecast amid strong transport growth Based on preliminary, unaudited figures for the first nine months, the German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) has revised its forecast for the 2024 financial year upwards. Despite global challenges, including economic weakness in Germany, the military conflict in the Middle East affecting shipping routes, and the war in Ukraine, HHLA achieved positive business re
Africa Shipping Boom Drives Historic Growth and Strategic Opportunities The latest edition of the Review of Maritime Transport spotlights considerable advancements in Africa's shipping sector, revealing impressive growth figures. From the first half of 2018 to the first half of 2023, Africa experienced a 20% increase in container ship port calls and a 38% rise in tanker arrivals, marking all-time records. This content is locked Select a CN Premium Subscription Packag
Port of Virginia secures US$380 million federal grant for equipment upgrade The Port of Virginia has received US$380 million from the U.S. Environmental Protection Agency (EPA) programme to proceed with its efforts to eliminate greenhouse gas emissions by 2040. The port will use the federal grant to buy electric equipment and the infrastructure needed to support its decarbonization projects, while retiring legacy equipment powered by engines that burn gasoline or diesel
Lloyd's Register, HHI announce AiP for new ammonia duel-fuel, 15,300 TEU vessel Lloyd's Register (LR) and HD Hyundai Heavy Industries (HHI) have signed a joint development project (JDP) for approval in principle (AiP) for a 15,300 TEU Class ammonia-powered dual-fuel container ship. Under the agreement, HHI has developed a twin skeg design for a 365-metre, ultra-large container vessel (ULCV), which features two small bore engines that are currently available on the market and
Scan Global Logistics expands into Ireland to boost Transatlantic trade Scan Global Logistics (SGL), a transport and logistics solution provider, has announced the opening of its first office in Ireland, marking another step in its European expansion. This new location will strengthen SGL's offerings in a key trade region, supporting local and international clients with a full range of logistics services. "Ireland is a key market for us. Its proximity to major trade
Ocean rates falling post-peak season, but labor and election results could renew pressure for North America lanes Asia-Europe ocean rates closed October 30% lower than at the end of September as Red Sea diversions that led to an early peak season meant the post-peak/pre-Lunar New Year demand lull started early this year too. Prices of US$3,500/FEU to both Europe and the Mediterranean have reached the floor set during the previous demand lull this year in March and April, though these rates are still about do
APM Terminals Maasvlakte II proceeds with digital expansion APM Terminals Maasvlakte II has placed a large order with Konecranes for an Automated Horizontal Transport System, whose delivery and commissioning will begin in 2025. The contract includes up to 71 Lift Automated Guided Vehicles (Lift AGVs), an expansion of the system to manage more than 140 Lift AGVs, a third battery exchange station and virtual reality simulation software - lifting the standar
Folk Maritime announces new service linking Arabian Gulf ports to India Folk Maritime Services Company has announced the launch of a new service route connecting key Arabian Gulf ports, including Dammam, Umm Qasr, and two of India's largest commercial ports, Nhava Sheva and Mundra. The India Gulf Service will have its first Dammam call on 30 October, by the 1,800 TEU boxship Asterios. The vessel will carry import cargo from India before proceeding to Umm Qasr. The se
Port of Los Angeles secures US$412 million US EPA grant The Port of Los Angeles (POLA) has received a historic US$412 million grant from the United States Environmental Protection Agency's (EPA) Clean Ports Program to advance its zero-emission (ZE) transition. With an additional US$236 million from private sector partners, the total US$644 million investment will fund the purchase of nearly 425 pieces of battery-electric cargo-handling equipment, 250
Maersk secures long-term methanol supply agreement to power green fleet A.P. Moller-Maersk has signed a long-term bio-methanol offtake agreement with LONGi Green Energy Technology. This partnership aims to support Maersk's efforts to reduce greenhouse gas (GHG) emissions across its expanding fleet of dual-fuel methanol-powered container vessels. "Bio- and e-methanol continue to be the most promising alternative shipping fuels to scale up in this decade, and the agree
Port of New York and New Jersey nears 780,000 TEUs, marking second-busiest September ever Port of New York and New Jersey achieved the second-busiest September of all time, eclipsed only by the pandemic-related cargo surge in 2022, handling a total of 779,388 TEUs during the month. "We maintained our status as the nation's second-busiest gateway for loaded cargo, handling 4,388,397 loaded TEUs over the first nine months of the year," said the US port in an announcement. September 2024
CNC commences new Taiwan-Vietnam service CMA CGM-owned intra-Asia short sea specialist CNC has launched a new service line directly connecting Taiwan with Vietnam. The TVS service offers direct calls between the port of Kaohsiung and Ho Chi Minh City (Cat Lai). The company states that the service will provide a round trip from Kaohsiung to Ho Chi Minh City, requiring five days for the outbound journey (Kaohsiung -> Ho Chi Ming City) and
Capacity imbalance sees boxshipping tilt to buyers' market Major disruptions in the container shipping market have conspired to bolster flagging rates, but the same market fundamentals seen a year ago apply today as shippers contemplate a cheaper 2025 and carriers face a bruising. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Correspondent at Large If you liked this post, please consider donating T
Vietnam, UAE sign free-trade agreement On 29/10, the United Arab Emirates (UAE) and Vietnam inked a comprehensive economic partnership agreement (CEPA), marking Vietnam's first free-trade deal with a Middle Eastern nation. The CEPA stipulates that the UAE will eliminate tariffs on 99% of Vietnamese exports, while Vietnam has agreed to abolish tariffs on 98.5% of UAE exports. In this context, Vingroup JSC, a prominent private company i
ONE adds Jacksonville to EC2 service Starting in February 2025, Ocean Network Express (ONE) will integrate the Jacksonville Port (JAXPORT) into its East Coast 2 (EC2) service, establishing a direct link between Jacksonville and five ports in Asia. This weekly service will employ a fleet of 13,500 TEU vessels, all operated by ONE. The vessels will dock at the recently upgraded SSA Jacksonville Container Terminal at the Blount Island
Small Island Developing States facing growing challenges amidst high competitive environment The latest UNCTAD Maritime Review highlights key challenges faced by Small Island Developing States (SIDS) in the complex realm of maritime trade. 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 .
Just culture, just needs time and people Steven Jones, the compiler of the Seafarers Happiness Index, admits he was surprised to receive messages from crew relieved that they were having some "downtime" while sailing the long way round the Cape this year. Shipping's advances in sustainability are set to be built on very shaky foundations unless action is taken to address workload, ...
TotalEnergies partners with Reach Subsea on unmanned offshore vessel pilot French energy major Total Energies has become a partner in the unmanned surface vessel (USV) qualification program conducted by Norwegian offshore services player Reach Subsea. Earlier this year, Reach Subsea agreed with Equinor to conduct a technology qualification program. TotalEnergies, along with several other major energy companies, has now joined this program. The pilot project ...
OneSubsea to supply boosting system for BP's Kaskida project SLB's OneSubsea has been awarded a contract by energy giant BP for a subsea boosting system in the greenfield development of the Kaskida project in the US Gulf of Mexico. This contract is the first engineering, procurement, and construction (EPC) contract for a subsea boosting system between the two companies. The project scope includes a ...
Purus seals Vestas deal for CSOV newbuild UK-based owner Purus has secured a multi-year service contract with Danish wind turbine manufacturing giant Vestas for one of its commissioning service operation vessels (CSOVs) under construction at Fincantieri-controlled Norwegian shipbuilder Vard. The vessel named Purus Chinook will start its contract immediately after delivery in 2025. The newbuild will be fit to accommodate 120 people ...
UECC expanding fleet with up to four LNG-powered battery hybrid newbuilds Oslo-based United European Car Carriers (UECC) has ordered up to four battery hybrid newbuilds at China Merchants Jinling Shipyard Nanjing. The shortsea roro carrier has signed for two firm vessels with multi-fuel LNG-driven engines scheduled for delivery in 2028 and options for two more units that, if exercised, would bring the number of "eco-friendly newbuilds" ...
US to invest $3bn in ports US president Joe Biden has revealed a $3bn investment to help clean up and modernise ports across 27 states and territories. The move will upgrade port infrastructure at 55 sites nationwide, including the Port of Baltimore, which will receive $147m from Biden's Inflation Reduction Act for zero-emission port equipment, charging infrastructure, and power improvements. The ...
Avangrid, Invenergy pick up floating wind leases in Gulf of Maine Avangrid and Invenergy have secured leases for offshore wind development in the first lease sale in the Gulf of Maine as well as the first sale for floating offshore wind acreage on the US Atlantic coast. The US Department of Interior said that the auction resulted in two provisional winners on four lease areas and nearly ...
Seaway 7 lands cable installation work on UK offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from Danish utility Ørsted for the transport and installation of inter-array cables at the Hornsea 3 offshore wind project in the UK North Sea. The company's scope of work covers the transportation and installation of 192 66kV inter-array cables, measuring approximately 500 km ...
Wintershall Dea adds more time to Eidesvik Offshore PSV Oil and gas company Wintershall Dea has exercised the remaining options for Eidesvik Offshore's platform supply vessel Viking Princess. The German-based firm has declared the remaining options to keep the 2013-built ship until January 2026. The vessel has been under contract with Wintershall Dea since December 2020. Since then the deal has been extended several ...
Four CTVs chartered for work on Polish offshore wind farms Joint ventures between Polenergia and Equinor, in charge of developing the Baltyk 2 and Baltyk 3 offshore wind farms, have signed deals to charter crew transport vessels worth €57m ($61.6m). The two joint ventures, MFW Baltyk II and MFW Baltyk III, signed contracts with Northern Offshore Services and Njord Offshore, each signing two agreements for ...
Maritime CEO Forum Monaco: How to access capital The Money and Ships session at last week's Maritime CEO Forum at the Monaco Yacht Club discussed disruption witnessed in ship finance, ably moderated by Isabelle Rickmers, the CEO of jobs marketplace TURTLE. Looking at the print out of the delegate list for the exclusive shipowner gathering, Harris Antoniou, founder of Neptune Maritime Leasing, noted ...
Shipowners come under pressure to reveal their carbon footprint Calls are growing for every ship's emissions data to be made public with Splash Extra getting in touch with many of shipping's top bodies this month to discuss the issue. The technology to track shipping emissions has been readily available for many years. Now the pressure is growing for IMO member states to debate plans ...
CMA CGM invests in another Moroccan terminal CMA CGM has moved to take on a third port venture in Morocco, one of Africa's fastest growing container destinations. The French liner has signed with Moroccan port and terminal operator Marsa Maroc to operate half of the new east terminal at Nador West Med Port, a facility in the far northeast of the country ...
Calls grow for every shipowner to reveal emissions data Calls are growing for every ship's emissions data to be made public. Currently fuel consumption and emission data is collected by ship operators and reported to their flag states. They need to verify and submit it to the International Maritime Organization (IMO) which then aggregates it and internally publishes it. Currently the system only allows ...
How to distribute funds from a carbon levy The just and equitable transition that smaller, more vulnerable economies are seeking in the green debate at the International Maritime Organization (IMO) is something we've covered a lot at Splash over the years. The disbursement of revenues generated by IMO's emission reduction measures has been a stumbling block in negotiations for more than a decade, ...
October 2024 Review The Marine Environment Protection Committee (MEPC) meeting at the headquarters of the International Maritime Organization (IMO) whittled the proposals for mid-term policy measures capable of driving an energy transition in international shipping down to just three options, with a likely greenhouse gas reduction pathway selected next year. Among confirmed important agreed milestones at MEPC was ...
Tankers enjoy today's volatility As the conflict in the Middle East spreads, as North Korea joins in with Russia's invasion of Ukraine, and as China practices a naval blockade of Taiwan, you can find plenty of social media strategists to inform you that World War Three has already begun, but that the West is too fixated on the US ...
Fragility trumps confidence in dry bulk Last month we described how the on September 20, the BCI was at 3,235 points, 20% higher than a month earlier. We asked, will the market take off like it did last year? Brokers reported that demand for capesizes remained firm, but, we said, "there is always the nagging anxiety about Chinese economic activity and ...
Container scenario planners sharpen their pencils for 2025 The US dockworkers' strike lasted only three days, though in Canada, dockworkers in Montreal are striking for a day at a time. With terminals back to normal operations in the US, liners are finding that freight rates have resumed their downward trend. The FBX01 index of freight rates from China to the US west coast ...
Analyst Abstract Dry Bulk The booming cape trades out of Guinea and other West African nations are giving extra life to ageing capesizes. Unlike the other major capesize routes, which often have an age limit of either 15 or 18 years old, vessels calling Guinea have no such limit for the time being and, as such, the ...
Why ships sales have slumped Duller than a butter knife was how one Asia-based broker summed up the sale and purchase markets this month. "All the oomph left the market when freight rates came off. Pricing doesn't yet match the lower freight rates. Sellers will hold off until they know if the droop is permanent and buyers will not rush ...
Why China's changing diet matters Eating healthier and more nutritious foods and changing your diet for the better is the advice of every doctor you probably ever met. But what happens if a country of 1.4bn people changes its diet and how big is the effect of such a massive butterfly flapping its wings? Greece's Ursa Shipbrokers noted in a ...
The need for energy price risk insurance Shipping is facing a considerable risk management gap, with the vast majority of players unfit to handle the complex dynamics of fuel and freight price volatility, says Gus Majed, the CEO and founder of energy price risk insurance broker Paratus. The global bunker fuel market consumes about 3.5m barrels per day, alongside the global freight ...
Seacon takes over $64m bulker order from BVI firm These new ships, due for delivery between 2026 and 2027, will help Seacon further expand its controlled fleet
US importers already prepping for renewed port disruptions on January 15 According to Matson chief executive Matt Cox, US importers are hedging against the resumption of a strike at US east...
Daily Briefing Sanctioned North Korean ship deviates from norm to make traceable call to Russia | Fire safety standards on board ships...
US targets hundreds of entities in latest Russian sanctions spree The US State Department and Ofac have announced fresh sanctions targeting nearly 400 entities and individuals for 'enabling Russia's prosecution...
Sanctioned North Korean ship deviates from norm to make traceable call to Russia Several other North Korea-owned vessels have arrived at Russian ports with AIS enabled during the past few months, but the...
Transatlantic rates rising due to lower capacity and strike fallout Europe-US east coast spot rates are on the rise. Transatlantic capacity is down 8.2% year on year, while import demand...
Trade in clean energy tech will triple to $575bn in a decade, IEA predicts China will continue to dominate clean energy technology manufacturing, according to a mammoth report by the International Energy Agency
Baltimore bridge litigation set for early 2026 start Determination of liability in what could be costliest marine loss of all time anxiously watched by underwriters
Klaveness Combination Carriers to install wind-assisted propulsion on newbuilding Klaveness Combination Carriers is making its first move into the wind-assisted propulsion space, agreeing to install two of bound4blue eSails...
Fire safety standards on board ships are bad and getting worse Port state control figures have found a 14% non-compliance rate for basic fire safety standards on board inspected ships, and...
Nuclear power 'ideal' way to decarbonise shipping, says ABS The technology exists for nuclear energy to power vessels with zero emissions as demonstrated by a design drawn up by...
CMES reports profit drop despite strong growth in dry bulk Analysts remain optimistic about the tanker market in the long run, despite downgrading CMES' profit forecast for this year on...
Houthi-hit Sounion finally arrives at Suez to start cargo transfer After 49 days of fires, a technically perilous salvage operation and diplomatic delays, the Houthi-hit Sounion has finally arrived at...
Trump tariffs won't hurt car carrier market, says Wallenius Wilhemsen Wallenius Wilhelmsen's Lasse Kristoffersen is not worried about possible Trump tariffs on Chinese cars, saying Asia, not the US, is...
French shipowners' association 'not opposed' to huge one-off tax hit on CMA CGM Some 450 French firms with turnover in excess of €1bn ($1.1bn) will be asked to hand over 9% of operating...
UPDATE: Dynacom denies sale of tankers used in botched sanctions raid Two Dynacom tankers that the US chartered in the summer of 2022 for an ultimately botched seizure of an Iranian...
Maersk signs bio-methanol sourcing deal with Chinese supplier Maersk said its methanol offtake agreements now cover more than 50% of the dual-fuel methanol fleet demand in 2027
US ports to use green cash for shore power Key US ports such as New York and New Jersey, Los Angeles and Savannah all intend to use their grants...
US LTL carriers raising rates as shippers keep wary eye on 2025 Less-than-truckload volumes may be down as much as 15% from 2021, but carriers are pushing for rate hikes in single-digit-percentages as they plan expansion.
US ports plan upgrades to electric yard equipment after securing EPA grants The Environmental Protection Agency will disburse nearly $3 billion in federal funds meant to offset the costs of upgrading thousands of pieces of yard equipment from diesel to electric power.
Strong imports, low blanks extend peak season on eastbound trans-Pacific Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.
Maersk secures long-term methanol supply in China production deal With this latest deal, the combined methanol offtake agreements Maersk now has in place will meet half the demand from its fast-growing dual-fuel fleet in 2027.
Teekay Tankers splashing out for parent company's management units Owner reveals intra-group moves in quarter that misses analyst earnings bets
Matson's 'very strong' third quarter beats expectations as China service thrives Hawaii liner operator benefits from stronger transpacific freight rates
Tanker values soften as Greek and Chinese buyers move for older product carriers What little activity there has been is focused on LR1s
MOL-Cosco joint venture tipped to scoop QatarEnergy's supersize LNG carrier sextet Qatari giant said to be taking a breather from ordering for remainder of 2024
Comment: Trade, geopolitics and antipathy for 'foreign-owned' shipping companies are on the US ballot Both US presidential candidates want to be tough on America's third-largest trading partner - but disagree on how hard to be
Congress is waking up to US maritime vulnerability. Will that survive the election? Bipartisan bill seeks to revitalise US-flag shipping and shipbuilding
Clarksons relaxed about valuation gap after Scorpio's DHT stock splash Analysts say investment in VLCC company is relatively minor compared to market cap
How shipping's 'top' analyst Jon Chappell keeps trying to get tankers right This week's Streetwise looks at another Institutional Investor honour for a researcher whose world is wet
Argentina's shale boom could boost exports by more than an aframax per day Increased oil production will be a demand driver for crude tankers
Monjasa expands into new US Gulf markets with Stenersen tanker charter Danish owner to supply VLSFO and gas oil in growing sector
Baltic Exchange launches know-your-customer platform to help shipping dodge risky business Compliance checks have never been a hotter topic for shipping companies
Confidence abound as crunch time looms for Wallenius Wilhelmsen Car carrier owner looking to sew up new, richer contracts as the year winds down
MPC Container Ships eyes order for midsize container ships at Hengli Heavy Industry The company will firm up the newbuilding deal once it secures employment contracts
Red Sea diversions alleviate onboard strain for seafarers Added time provides more time for rest, survey finds
MSC calls time on 42-year-old veteran container ship duo Liner giant is sending oldest vessel in its fleet to the breakers
Tradition, learning and innovation: John Michael Radziwill on the making of CTM C Transport Maritime's CEO reflects on the past 20 years and looks forward to a new decade
UECC inks deal for midsize car carriers powered by LNG and batteries Oslo-based owner already has three vessels in its fleet with LNG/battery dual fuel
Transport Capital hires ship finance veteran Michael de Visser as senior adviser Banker left NIBC after 24 years
AES poised to offer LNG bunkering on Atlantic side of Panama Canal Seaspan Energy newbuilding to start operations in March from new base
MSC inks $2bn 'shock' container ship order set to bring Chinese yard giant back to life But big questions loom over the future of Rongsheng shipyard which ceased contracting newbuildings a decade ago
Klaveness Combination Carriers moves into wind propulsion with sails on newbuilding Two 24-metre-tall sails will be fitted to the bow
Hanwha Ocean unveils new FPSO design as it transitions to floating solutions provider Shipbuilder logs third-quarter loss following hit from exchange rate falls and outsourcing costs
Alleged toxic waste on container ship seized by Albania Moliva has returned alleged furnace waste after Thailand rejected it
Maersk signs major long-term bio-methanol deal as dual-fuel fleet grows Danish shipowning giant taps LONGi Green Energy for supplies of low-carbon fuel from 2026
French tonnage tax looks safe - with special surcharge for CMA CGM Parliament's finance committee comes up with compromise to keep levy based on vessels owned, not profit
Arctic Securities urges shipping companies to exploit record-low Nordic bond funding costs Bank sees market capacity for more bonds in different segments
Local expertise key as 'non-traditional' players enter offshore shipping, M3 broker says Shipbroker believes Dragnis' Goldenport teaming with shipowner Allianz reduces risk of $183m investment
Klaveness Combination Carriers sees 'superior value creation' amid 'more challenging' markets Fourth-quarter forecast somewhat down due to weaker product tanker markets
Color Group issues fresh $73m hybrid bond in refinancing Bonds pay coupon of Nibor plus 4%
Shipowner Mureloil orders hybrid tanker powered by battery system Spanish company contracts small eco vessel
Wallenius Wilhelmsen 2024 targets remain intact even as bottom line dips Norwegian owner shooting for 'somewhat better' annual performance
Kuehne+Nagel adopts new Amazon air cargo service for China e-commerce Logistics powerhouse Kuehne+Nagel is an early adopter of Amazon Air's freight transportation service, which it is using to move e-commerce shipments from China to the U.S.
Millions in funding for key Montreal port commodity Transport Canada is funneling millions of dollars to expand grain-handling facilities at the Port of Montreal.
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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