Gov. Bob Ferguson puts pause on two WSF hybrid-electric conversions Though he remains committed to electrification and building new ferries, Washington State Gov. Bob Ferguson announced yesterday that he will delay hybrid-electric conversion for two of the state's largest ferries, putting Washington
AET LSV to become world's longest range plug-in hybrid AET has reached an agreement with Birmingham, Ala., headquartered battery system specialist Fleetzero that will see one of AET Offshore's Galveston, Texas, based lightering support vessels (LSVs) retrofitted with a plug-in hybrid-electric
Pacific Environment appoints new California Climate Policy Director Pacific Environment welcomed Davina Hurt as its new California Climate Policy Director, effective from 30 January 2025. Hurt brings extensive experience in environmental policy and public service. Appointed by California Governor Gavin Newsom, she served on the California Air Resources Board for over four years. An attorney, two-term councilwoman, and former mayor of Belmont, California, she has
MSC increases rates from Antwerp to North America Swiss/Italian ocean carrier MSC has announced new Freight All Kinds (FAK) rates from the Belgian port of Antwerp to the United States and Canada. The following rates will be applicable from 2 April until further notice, but no later than 30 April. Port of loading Port of discharge Commodity New Base Rates Former Base Rates Base rate 20 DV Base rate 40 DV-HC Base rate 20 DV Base rate 40DV-HC Antwe
CMA CGM applies new FAK rates from Middle East Gulf to Europe, Med & North Africa Marseille-based container line CMA CGM announces updated Freight All Kinds (FAK) rates, which will be effective from 21 March until further notice and will apply to dry cargo shipments from the Middle East Gulf to North Europe, East Mediterranean, West Mediterranean, and North Africa. 20' 40' From the Middle East Gulf Amount in US$ per 20' Amount in US$ per 40' To North Europe US$3,000 US$3,100 T
Hong Kong's Shipping Status Under Challenging Geopolitical Shifts Several shipping firms are quietly shifting their operations away from Hong Kong and withdrawing vessels from the Hong Kong flag registry. This trend is driven by fears that their ships might be seized by Chinese authorities or become targets of US sanctions amid tensions between Beijing and Washington. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you
Shipping Stocks Overview: Weekly Market Highlights The container shipping sector experienced a mix of steady performances and price fluctuations over the past week, as investors reacted to global trade dynamics, freight rate movements, and broader economic conditions. While some ocean carriers capitalized on strong demand in specific trade lanes, others faced moderate corrections due to shifting supply chain trends. With geopolitical factors, fu
MSC implements PSS from Med & Adriatic to American destinations Due to strong demand on routes from the West Mediterranean and Adriatic to Canada, the United States, Mexico, Puerto Rico, and the Bahamas, MSC will introduce a Peak Season Surcharge (PSS). Effective from 1 April 2025 until further notice, the surcharge will be set at US$500 for 20-foot containers and US$700 for 40-foot containers, applicable to all container types. If you liked this post, please
DP World, Mawani unveil South Container Terminal at Jeddah Islamic Port DP World and the Saudi Ports Authority (Mawani) have inaugurated the cutting-edge South Container Terminal at Jeddah Islamic Port, marking a significant milestone in DP World's US$800 million expansion initiative. This transformative project aims to enhance terminal operations and solidify Saudi Arabia's status as a premier global trade hub. Completed over three years, the modernization of the So
EST orders hybrid mobile harbor crane to enhance Augusta port operations Europea Servizi Terminalistici Srl (EST), a subsidiary of Italian Shipping & Logistics Agency Srl (ISLA), has placed an order for a Konecranes Gottwald ESP.8 hybrid mobile harbor crane to support operations at the rapidly expanding Port of Augusta in Sicily. The order was confirmed in the first quarter of 2025, with delivery and commissioning scheduled for late summer. "As we scale up operations
CMA CGM implements new rates from Indian Sub to North Europe and Med French box carrier CMA CGM has announced new Freight All Kinds (FAK) rates for shipments from India, Pakistan and Sri Lanka to North Europe, West Mediterranean and East Mediterranean. The new rates will apply only to dry cargo and will be effective from 21 March, as follows: If you liked this post, please consider donating The post appeared first on Container News .
Inside BlackRock's Role in the Game-Changing Port Acquisition Deal BlackRock, through a consortium that includes its subsidiary Global Infrastructure Partners (GIP) and MSC's Terminal Investment Limited (TIL), has agreed to acquire the international portfolio of ports and terminals from CK Hutchison Holdings Ltd. The deal involves a controlling stake in Hutchison Ports, which operates 43 ports across 23 countries, and includes a 90% stake in Hutchison's subsidia
Maersk's rate-cutting shows flop of Gemini's reliability promise Maersk Line has been singled out for aggressive discounts on Asia-North Europe rates, as consultancy Linerlytica suggested that Gemini Cooperation, the Danish carrier's alliance with Hapag-Lloyd, has failed to convince shippers to pay a premium for schedule reliability. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider d
EUROGATE orders hybrid port equipment from Konecranes EUROGATE Container Terminal Hamburg has placed an order for 15 Hybrid Konecranes Noell Straddle Carriers, booked at the end of 2024 and set for delivery by July 2026. These next-generation carriers feature a modular design that simplifies power retrofits, enabling a seamless transition to battery-electric or hydrogen power and reducing reliance on fossil fuels. Handling over 12 million TEUs annua
Hapag-Lloyd announces rate adjustments for Med shipments Hapag-Lloyd announced the following upcoming adjustments to ocean freight rates and surcharges for shipments from the Mediterranean to various destinations. The first one is a rate increase from the West Mediterranean to Latin America. Effective for sailings from 1 April 2025, Hapag-Lloyd's FAK (Freight All Kinds) rates from Italian ports to South America West Coast, Central America, and the Cari
Fire risks at ports: TT Club warns of ongoing threat An analysis of TT Club, international freight and cargo handling insurer, says that fire accounts for one-fifth of all losses and damage to port equipment, posing a significant safety risk to workers and terminal users. TT Club is urging cargo handling and terminal operators to recognize fire as a major threat to port and terminal equipment. A review of the insurer's claims data over the past dec
SM Line's vessel loses containers in Canada due to weather rolling SM Line-operated 4,228 TEU container ship SM Portland has reported significant cargo damage and container losses while transiting to Vancouver, Canada through the Bering Sea. According to a customer alert from SM Line on 5 March, severe winter weather and strong winds caused heavy rolling of the South Korean-flagged boxship, resulting in the loss, collapse, and damage of 115 containers. The vesse
HMM's helm changes hands South Korea's major container carrier HMM has named Choi Won-hyuk as its new Chief Executive Officer (CEO). The 65-year-old shipping veteran was selected as the company's new head following a series of interviews with multiple candidates. Choi Won-hyuk previously served as CEO of South Korean logistics company LX Pantos and will succeed Kim Kyung-bae, who led HMM for three years. If you liked thi
Tariff rollouts and prevailing uncertainty challenging logistics President Trump - after a one month postponement - introduced 25% tariffs on all Mexican and Canadian imports to the US and added another 10% tariff increase on Chinese goods on Tuesday. The Commerce Secretary stated later in the day that negotiations are ongoing and could result in some reduction of or exceptions to these tariffs by late Wednesday, with a one-month exemption for automakers annou
Port Newark Container Terminal orders 15 additional Hybrid Konecranes Noell Straddle Carriers Port Newark Container Terminal (PNCT) in the United States has ordered 15 Hybrid Konecranes Noell Straddle Carriers. The new straddle carriers will be assembled and commissioned between the fourth quarter of 2025 and the first quarter of 2026. PNCT, located at New Jersey's Port of Newark, has long counted on the performance and reliability of Konecranes Noell Straddle Carriers. The terminal commi
Global tank container fleet exceeds 880,000 units The International Tank Container Organisation (ITCO) has published its 13th Annual Tank Container Fleet Survey, which estimates that, on 1 January 2025, the global tank container fleet had reached 882,023 units worldwide. This is translating to a 4% growth compared to the figure of 848,400 on 1 January 2024. Approximately 42,100 new tank containers were built in the previous year, compared to 56,
CMA CGM invests US$20 billion to strengthen US maritime and supply chain CMA CGM Group, a global container shipping company and the owner of US flag liner operator American President Lines (APL), has announced a US$20 billion investment to strengthen the US maritime economy and modernize the country's domestic supply chain over the next four years. This initiative builds on the Group's 35-year presence in the United States, which currently operates in 40 states and em
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A.P. Moller Capital buys into Philippine logistics firm A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. Established in 2021, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution, and contract logistics. The Copenhagen-based infrastructure fund management affiliate of A.P. Moller Holding said it plans to invest in ACL ...
MOL in world's first onshore supply of ship-produced green hydrogen Mitsui OSK Lines (MOL) has claimed a world-first onshore supply of green hydrogen produced on a sailing ship. As part of its "Wind Hunter" project, the Japanese shipowner used a demonstration yacht, Winz Maru, to produce green hydrogen from offshore wind and deliver it to the central breakwater area of Tokyo. The successful delivery follows ...
Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US. The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board analyses the frequency of joint occurrences of trade policy and ...
Saipem pens drillship option deal, $300m buy also on the table Norway-based Deep Value Driller has made a deal with Italian offshore engineering and construction giant Saipem to amend the bareboat charter for the seventh-generation drillship Deep Value Driller. The agreement comes in the form of an option. If Saipem wants to exercise the option it must do so by April 14, 2025. If the option ...
DNO buys Sval Energi for $450m in cash Norwegian oil and gas player DNO has reached an agreement to acquire all of the shares of Sval Energi from private equity firm HitecVision for a cash consideration of $450m. DNO said in an Oslo Bors filing that the value of the firm is based on an enterprise value of $1.6bn. The acquisition will be ...
Congress repeals Biden offshore oil and gas rule Legislation to repeal a rule adding costs to offshore drilling imposed by the Biden administration has been repealed after a vote in Congress. Representatives from the Republican party used the Congressional Review Act to cancel out certain regulations which former US president Joe Biden was able to finalise near the end of his tenure. During ...
CMA CGM's Saadé vows to invest $20bn into the US over the next four years CMA CGM's Rodolphe Saadé was in the White House yesterday, unveiling a $20bn planned investment into the US. The huge investment over the next four years would create 10,000 jobs, CMA CGM said, and include expanding container terminals, building an air cargo hub in Chicago, buying five new Boeing 777 freighters, as well as tripling ...
New head of HMM selected Choi Won-hyuk, 65, has been lined up as the next head of HMM, South Korea's flagship carrier. Choi has been picked by the line's main creditors to take the CEO role following a series of interviews with a number of candidates last month. He is the former CEO of LX Pantos, a local logistics outfit. ...
Elon Musk, the DOGE effect, and the risks to US shipping trades US president Donald Trump appears to be enacting policies without taking the practical consequences into account. Federal payrolls are being...
Sanctioned tanker in collision with boxship off Istanbul A US-sanctioned suezmax tanker suffered 'structural damage' after colliding with a 672 teu boxship off Istanbul on Friday, according to...
FuelEU fudges highlight complexity of carbon trading FuelEU Maritime was meant to be about cutting carbon, not paper trading. But industry is finding ways to profit from...
Shipping cyber attacks disappear under the radar More cyber attacks on shipping than are publicly reported, says Optima chief Dimitrios Koukas
Dry bulk scrapping will finally take off this year. Probably An ageing fleet and mixed outlook for the year suggest this may finally be the year older vessels go to...
The long view from Long Beach The US was viewed as a reliable trading partner and guarantor of global security until very recently. That reputation is...
More tankers turn to China's Dongying as covert hub for sanctioned tonnage Vessel-tracking data and satellite images indicate Dongying port in China's Shandong province is increasingly being used as a bypass entry...
US shipbuilding revival missing the detail as CMA CGM pledges first newbuilding contracts CMA CGM's Rodolphe Saadé promise to build new containerships in US shipyards could be the first of many such announcements...
Wan Hai considers switching from methanol to LNG Industry trends show a growing preference for LNG dual-fuel, pushing Wan Hai to reassess its methanol plans
'State actors' were behind recent tanker explosions but unknowns make risk assessment impossible Owners of oil tankers calling at Russian ports are at risk following a recent spate of naval mine explosions, but...
Sovcomflot takes big bottom line hit from sanctions Some vessels idling, while time charter deals set to yield lower payments
Dalian Shipbuilding secures breakthrough order from NYK for deck cargo newbuilds DSIC says the deal marks its entry into Japan's high-end vessel market
Rodolphe Saadé vows $20bn investment in US and pledges to grow US-flagged fleet French liner CMA CGM plans to invest $20bn in the US over the next four years, and to expand its...
Daily Briefing Red Sea returns not enough to move dial on traffic volumes | Port fees on Chinese ships could put some...
FourKites' exit from Gartner visibility assessment highlights evolving market The visibility market has bifurcated into standalone vendors too small to be captured by Gartner's "Magic Quadrant" report and larger vendors whose platforms extend far beyond what the report evaluates.
Shipper 'bill of rights' takes aim at ocean carrier accountability, transparency The so-called Ocean Shipper Bill of Rights was distributed by the National Industrial Transportation League at the conclusion of the Journal of Commerce's TPM25 conference.
Big Hutchison deal could reshuffle global ports network: Drewry European governments and the EC will carry out regulatory reviews to assess the level of market concentration MSC will have with the planned takeover of Hutchison's port assets, with divestitures likely on the table.
TPM25: West Coast rail dwells need to improve to avoid cargo loss: terminals Across all the terminals in Los Angeles and Long Beach, average rail dwell times peaked at just under 10 days in October, according to the Pacific Maritime Shipping Association.
Ro/ro operators eye Sri Lanka trade boost as vehicle import ban lifted The arrival of the first vehicle imports in five years has sparked renewed interest in the country's auto shipment potential.
CMA CGM to invest $20 billion in US shipping, ports and logistics The carrier's investment, announced while its chief executive met at the White House with President Donald Trump, comes amid heightened political sensitivities in the US as far as the container shipping industry is concerned.
Howe Robinson 'not as positive' on dry bulk sector for 2025 UK shipbroker sees lower supply and demand year on year growth
Spire confident of $241m deal to sell maritime business to Kpler amid legal fight US-listed company has taken Kpler to court to complete the transaction, saying it has strong contract
Sovcomflot profit takes fresh hit after three years of sanctions pressure Russian company says latest round of measures imposed in January by the US will cause further problems
Wavelength podcast: Reaction to Fredriksen selling Golden Ocean Plus, Trump says US will build ships again, and at the ball with Wista UK ahead of International Women's Day
Mine attacks on Russian port call ships carried out by divers backed by submersibles, experts say Ships likely targeted by sabotage teams using mines on timed fuses, says Ambrey
Dividends or buybacks? Reputation's role in shipping payouts Reward policies are more than just profit distribution
Trump trade tactics hit VLCCs while flurry of activity pushes up suezmaxes Chinese buyers appear to be rebalancing their crude sources after US sanctions on Russia in January, Signal says
DOF Group selling ships? 'News to us' says offshore company Rumours are circulating that a quartet of ships could net Norwegian owner as much as $195m
US toughens stance on China-linked port fees Draft executive order reportedly removes threshold for China-built ships in a fleet before charges kick in
South Korean shipping giant HMM drafts new chief executive as takeover talk swirls Appointment of new boss raises fresh questions over privatization and potential acquisitions
Capesize spot rate spike spreads confidence through bulker market with futures and deal flow rising Time-charter average saw a 33% weekly bounce as seasonal upswing suggests boost for S&P market
Capesize spot rates keep riding the iron ore wave Time-charter average saw a 33% weekly bounce
MOL completes first step to building fleet of green 'power plant' ships Wind energy generates green hydrogen using equipment on board a demonstration yacht
Trump's assault on DEI hasn't cancelled diversity efforts in shipping Shipowners, managers and operators say they're forging ahead despite political winds
John Fredriksen's private shipping empire faces threat from Trump China port fees All 32 newbuildings of tycoon's Seatankers are contracted in China, as US threatens action against such tonnage
Cost of ship stowaways rising despite drop in incident numbers, warn marine insurers Long-term decline in stowaways despite their growing sophistication
Himalaya Shipping declares dividend for February despite burning cash Newcastlemax fleet will be fully exposed to spot market
Women leave leadership waiting room as shipping's diversity drive threatens to stall Top-tier shipping posts dominated by men despite a decade of gains in boardrooms and executive posts
AP Moller Capital buys 40% stake in Philippine logistics company Fund with $2bn portfolio will invest alongside conglomerate Ayala Corp
Zodiac Maritime sells two aframax tankers to a Singaporean buyer A Singapore-based company called WYW Marine said to have forked out more than $60m for the Sasebo-built tankers
Braemar operations head Tris Simmonds quits role with replacement lined up Simmonds had been in the role since 2021
Women at sea: It's time for shipping to strive for the '30% rule' Research defines a threshold where women's representation fosters a more inclusive workplace
Law firm CJC says 60% of new director promotions over last year were women UK-headquartered shipping operation succeeding in diversification mission
Xingtong Shipping orders stainless steel chemical tankers at Chinese yard Taizhou Kouan to build four 13,000-dwt vessels for $91.5m in total
Greek ferry giant pockets small gain on scrap sale of ageing ropax Kriti II is heading to a recycling facility on the EU's list of approved yards, says Attica Group
Venture Global plans to use US 'permitting tailwinds' to displace LNG competitors Chief executive says company will be operating its liquefaction trains 50 years from now
Pentagon wants to buy 10 cargo ships to bolster aging logistics fleet The logistics arm of the U.S. military wants to buy 10 cargo vessels to shore up its aging fleet of ships.
Container volumes post third-best January at Port of NY-NJ The Port Authority of New York & New Jersey saw continued strong container volumes in January.
US shipyard for first time 3D printing parts for new aircraft carriers A major U.S. shipyard has deployed 3D printing to create a key systems component during the construction of a new aircraft carrier.
Ocean carrier CMA CGM commits $1B for US air cargo operation France-based CMA CGM, a major ocean shipping and logistics company, plans to spend $1 billion beefing up its cargo airline division and establishing a base in Chicago.
Stay flexible in a convoluted market, experts tell ocean shippers While Red Sea conflict and the U.S. trade war depress container shipping rates, logistics services providers advise short-term flexibility to leverage emerging opportunities.
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