Finnish police continue investigation of tanker Eagle S. Finland's National Bureau of Investigation (NBI) and other authorities are continuing investigations of a Cook Islands registered tanker, the Eagle S. Widely identified in media reports as having links to Russia's shadow
CMA CGM announces surcharges from China to West Africa French ocean carrier CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) effective from 25 December 2024, until further notice. This surcharge applies to cargo originating from North China and destined for the West Africa North Range, which includes Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea Bissau, Cape Verde, and Sao Tome and Principe. The surcharge
New ESG digital tool introduced in Abu Dhabi The Integrated Transport Centre (Abu Dhabi Mobility), under the Department of Municipalities and Transport, and Abu Dhabi Maritime, a division of AD Ports Group, has introduced MARSDNA-an innovative digital solution developed by Maqta Technologies Group to support maritime sector stakeholders in achieving their Environmental, Social, and Governance (ESG) objectives. This cutting-edge tool offers
Record cruise season for Port of Bilbao The 2024 cruise season at the Port of Bilbao in Spain commenced on 5 April, marking a record-breaking year with the arrival and departure of 81 cruise ships. These vessels, ranging from 126 to 348 meters in length, collectively carried approximately 140,000 passengers. This season surpassed the previous year with one additional ship docking at the port. Passengers hailed predominantly from the Un
Container freight rates out of India continue to weaken amid persistent demand woes Container freight rates on major headhaul trades out of India have continued to drop in November amid export demand growth challenges, according to an analysis of market data by Container News . On the westbound India-Europe trade, average spot rates for loads from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam in April have sli
ONE upgrades Baltic Bridge Express service Ocean Network Express (ONE) announced a significant enhancement to its BBX (Baltic Bridge Express) service, aiming to provide expanded port coverage. In particular, the port rotation of the BBX service will be Rotterdam (Netherlands) - Klaipeda (Lithuania) - Riga (Latvia) - Tallinn (Estonia) - Kotka (Finland) - Rotterdam (Netherlands). Furthermore, the upgraded service will begin with the vessel
2024 Maritime Sector Review: Most Important Shifts and Developments in Global Shipping As 2024 nears its end, the maritime sector has been marked by numerous significant events that have shaped the landscape of global shipping. Container News has identified several pivotal incidents with geopolitical undertones that influenced the industry's dynamics over the year: This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please
COSCO Shipping boosts Transatlantic services COSCO Shipping announced an upgrade to its Trans-Atlantic service suite, effective February 2025. COSCO SHIPPING Lines will operate a comprehensive and sophisticated four-loop Trans-Atlantic service between North Europe and North America. This enhancement ensures more reliable transit times and tailored services for North Europe to North America's East Coast, North, South, and Gulf markets. It al
Port of Amsterdam to ban open-loop scrubbers from 1 January Starting on 1 January 2025, the Port of Amsterdam will enforce a restriction on using open-loop scrubbers for seagoing vessels, contributing to a cleaner aquatic environment. Open-loop scrubbers discharge polluted wash water directly into the harbour, contaminating water and soil. A scrubber, or "exhaust gas washer," is a system installed in ship funnels to reduce sulphur emissions from exhaust g
PSA Singapore hits 40 million TEUs in 2024 On 24 December, PSA Singapore (PSA) achieved a remarkable milestone by handling over 40 million TEUs in 2024. This record-breaking performance surpasses the previous annual high of 38.8 million TEUs achieved in 2023. Ong Kim Pong, Group CEO, of PSA International, stated: "This record throughput for PSA's flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to ke
Yinson Production JV bags floater extension in Vietnam Singapore-based floater owner and operator Yinson Production, part of the Malaysian Yinson Group, has secured a bareboat charter extension with PetroVietnam for the floating production storage and offloading vessel PTSC Lam Son. The extension kicks in on January 1, 2025 in direct continuation of the existing charter and is set to last until end-June 2026. ...
Singfar lines up LNG bunker newbuilds in China Singfar Group is set to expand its fleet with up to four LNG bunker vessel newbuilds. Newbuilding sources have linked the Singapore-based owner to a deal at CSSC Guangzhou Wenchong Shipbuilding for two 20,000 cu m units, with an option for an additional pair. No price tag has been placed for the firmed-up vessels expected ...
EDF, Ocean Winds-led consortiums win French floating wind round French Ministry of Industry and Energy has selected partnerships between EDF Renewables and Maple Power as well as Ocean Winds and Banque des Territoires to build and operate a 250 MW floating offshore wind farm each in the Mediterranean. The two projects were selected following the sixth offshore wind tender by the French government. The ...
Growing cyber risk means owners should get ready for more regulation The noise around cybersecurity in shipping is growing and owners need to make informed choices, writes Angeliki Zisimatou, Director, Cybersecurity, ABS Cyber incidents in maritime are increasing in number and sophistication, with new forms of connectivity and new digital technologies creating additional risk for an industry that for a long time felt insulated from direct, ...
A year to forget for shipping stocks as most shares end in the red This year began on a high note, full of optimism, with shipping shares in all segments surging through late spring...
Lawyer for cable-cutting tanker Eagle S applies to Finland court to overturn seizure order Police investigating aggravated criminal mischief found drag marks for dozens of kilometres where the anchor of the Cook Islands-flagged tanker...
Dark fleet finds new registry as Iran-trading tanker reflags to Gambia The Gambia joins St Maarten, Guinea, Guyana and Eswatini as one of the key registries targeted by anonymous owners of...
Cable-cutting, seized Russia-linked 'spy ship' left anchor drag marks over Baltic seabed This is the first time a merchant ship has been impounded by a government following undersea cable damage. Russia-linked suspected 'spy...
What to look out for in 2025 in the tanker, container and dry bulk markets Lloyd's List's editorial team gives you a head start for 2025 by discussing the most important things to look out...
Russia-trading product tanker drifting with mechanical failure off Finland Panama-flagged MR tanker Jazz, formerly known as Beks T Rex, is part of the Beks fleet circumventing sanctions on Russian...
China State Shipbuilding replaces chairman as corruption rumours swirl Xu becomes the new chairman of the Chinese shipbuilding conglomerate after his predecessor Wen Gang was reported to be implicated...
US warehouse vacancies expected to fall from 2024 'peak' Booming e-commerce and expectations for faster end-to-end delivery are still reconfiguring distribution networks.
Strong 2024 sets international intermodal up for tough comparisons It's difficult to imagine international intermodal growing much more, if at all, on the US West Coast in 2025.
Trans-Pacific spot rates on the rise amid pre-Lunar New Year cargo bump Rates in the eastbound trans-Pacific are surging to peak-season levels as US retailers rush to ship merchandise before many factories in Asia close during the holiday celebrations that begin on Jan. 29.
Container ship newbuilding orderbook hits all-time high with fresh deals in the works Two liner operators talking to Korean and Chinese yards for 16,000-teu and 24,000-teu vessels
Finnish coastguard responds to stricken Russia-bound tanker as dark fleet vessels linger Nation already on alert due to fears over poor-quality shadow ships in the Baltic Sea
End of the good times as insurers count the cost of big claims, Tysers declares Conflict, attacks on shipping, longer voyages and crew shortages are all contributing to bigger costs for insurers
Former Scorpio Tankers vessels extend reach of Chilean shipowner CMC Santiago-based player diversifies its chartering options as the full picture of Scorpio's 2024 sale campaign emerges
Drug gangs change tactics to target bulk carriers Smugglers have turned their focus to fresh ports
Hapag-Lloyd rolls out contingency surcharge ahead of looming US port strike Despite a short-term spike, forward markets price lower rates for the coming months
Drug gangs target bulk carriers as they change tactics Smuggling gangs have turned their focus on fresh ports
Fallen tanker tycoon OK Lim and his children declared bankrupt News confirms earlier statement they did not have enough assets to settle $3.5bn in claims
Angeliki Frangou-controlled Navios Partners builds cash pile with bulker sale US-listed shipping giant offloads yet another ageing bulker to Chinese interests
MSC rounds off 2024 with year-end container ship demolition deal MSC Esha F sale brings liner giant's 2024 scrapping tally to 19 vessels
Dark fleet tanker accused of Baltic sabotage taken to Finnish port Images of Eagle S reveal lost anchor as police say it was dragged 'dozens of kilometres'
Hong Kong's Courage Investments completes $14.75m bulker buy Purchase partly funded by proceeds of earlier open offer
VLCC among three tankers sold for scrap as shadow fleet clear-out gains momentum However, data provider TankerTrackers questions whether previous reported recycling sales are merely a ruse
Hong Kong's Courage Investments completes $14.75m bulker purchase Purchase partly funded by proceeds of earlier open offer
VIDEO: Fire damages Vancouver port coal terminal A fire at a Port of Vancouver marine coal terminal caused damage but no injuries over the weekend.
Amid uncertain trade outlook, higher Asia-US container rates the only sure bet Shippers continue to navigate the known and the unknown as trans-Pacific container rates moved higher as 2024 comes to an end.
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