Austal firms up order for hydrogen ready Gotlandsbolaget ferry Pulling the trigger on a letter of intent (LOI) signed in April 2023, Swedish ferry operator Gotlandsbolaget has awarded Austal Australasia a contract valued between AUD 265 and AUD 275 million (US$166
GAO: MARAD needs to take action on workforce problems While efforts to trim the federal workforce make the headlines, some agencies are plainly understaffed. A new report from the U.S. Government Accountability Office (GAO) says that while the Department of Transportation's
Wiernicki: Shipping can't get to net zero by 2050 without nuclear "New nuclear technology is a global decarbonization solution and a commercial shipping disruptor. There is no net zero by 2050 without nuclear." That was the view from ABS chairman and CEO Christopher
JAXPORT completes vehicle berth expansion; construction of new berth underway Contractors for the Jacksonville Port Authority (JAXPORT) have completed a year-long construction project to expand vehicle Berth 22 at the port's Blount Island Marine Terminal. The berth is the first of two vehicle berth projects in a US$60 million initiative to boost efficiencies and accommodate additional vehicle vessel calls. Now that the project is completed, Berth 22 can accommodate vehicle
Straits Bio-LNG becomes member of SEA-LNG coalition Straits Bio-LNG, a privately owned supplier of bio-LNG, has joined the SEA-LNG coalition. Headquartered in Singapore, the company is led by CEO SK Tan and is expanding its team to meet the growing demand for sustainable energy solutions. As LNG-fueled vessels continue to increase, LNG bunkering volumes have surged, particularly in key global hubs. The Maritime and Port Authority of Singapore (MPA
How to Secure Cargo and Ensure Liability Mitigation Whether you're moving bulk goods, containers, or specialized cargo, everything must stay in place until it reaches the unloading destination. Proper cargo securing methods protect shipments, safeguard the lives of people on board, and protect your business reputation. The sea or ocean is not to be trifled with. Improperly secured cargo can become unstable during storms or strong winds, leading to
South Africa's approach to leveraging rerouting amid existing challenges In a decisive stride toward enhancing maritime environmental safety, South Africa has taken a significant legislative step with President Cyril Ramaphosa's enactment of the Marine Pollution Amendment Bill. 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 .
ODeX expands into Canada ODeX, a digital shipping documentation and payment solution provider, announced its expansion into Canada. Building on its success in the United States, this strategic move introduces advanced features such as Bill of Lading (BL), visibility and streamlined payment processing, aimed at improving operational efficiency and transparency across North American logistics. Through key partnerships with
Basra Gateway Container Terminal receives new Mobile Harbour Crane Iraq's Basra Gateway Container Terminal (BGT), operated by International Container Terminal Services, Inc. (ICTSI) at the Port of Umm Qasr, has been equipped with a new Konecranes Gottwald ESP.8 mobile harbour crane (MHC). With a lifting capacity of 125 tons and a 54-meter boom, the crane is capable of handling vessels up to post-Panamax size, enhancing BGT's operational efficiency. Moreover, thi
Brunswick emerges as US leading port for autos and heavy equipment At the Brunswick State of the Port event, Georgia Ports Authority (GPA) President and CEO Griff Lynch highlighted that Colonel's Island Terminal has become the US busiest port for automobiles and heavy equipment, processing over 2 million tons of Roll-on/Roll-off (RoRo) cargo in 2024. Brunswick also claimed the top spot in the nation for RoRo exports last year, handling 600,000 tons, according to
Wärtsilä, Elomatic formalize licensing and collaboration agreement on ElogridTM technology Technology group Wärtsilä and international consulting and engineering firm Elomatic have entered into a licensing and collaboration agreement for the Elogrid technology. This agreement encompasses the intellectual property rights, technology, and trademark use of Elomatic's innovative Elogrid solution. Elogrid, a transverse thruster grid technology, aims to decrease fuel consumption and boost th
China and US remain Valenciaport's top partners amid traffic surge China and the United States remained Valenciaport's principal trading partners in 2024, accounting for 34% of its total traffic. China maintained its leading position, with 702,633 containers handled and 7,912,389 tonnes of goods transported. The United States followed with 368,298 TEUs and 4,524,697 tonnes exchanged. These figures were presented to the Board of Directors of the Port Authority of
Maritime bodies sign deal to simplify digital seafarer certification processes The International Chamber of Shipping (ICS), Lloyd's Register OneOcean (LROO) and the Maritime Industry Authority (MARINA) of the Republic of the Philippines Department of Transportation signed a landmark joint Memorandum of Understanding (MOU). The agreement outlines the collaboration on a pilot project to explore the integration of seafarer certification systems and to develop a new mobile appl
Does the Military Pay for Car Shipping? For military personnel, moving can be a frequent and challenging task, especially when it involves transporting a vehicle to a new location. Understanding if and how the military provides assistance for car shipping can make a significant difference in planning a successful relocation. The military may cover car shipping costs, particularly when a service member receives a Permanent Change of Sta
Global bunker indices experience moderate growth During the seventh week of the year, the Marine Bunker Exchange (MABUX) indices have shown moderate increases. The 380 HSFO index saw a rise of US$1.73 to US$530.68/MT, the VLSFO index gained US$3.26, reaching US$621.61/MT, while the most notable increase was seen in the MGO index, which surged by US$25.83, surpassing the US$800 mark, and rising from US$783.83/MT to US$809.66/MT. "As of this writ
Overcoming Import Challenges in Egypt AdobeStock_560376488.jpeg Egypt plays a vital role in international trade. Its strategic location, large population, and diverse economy make it a key market. However, importing products to Egypt presents several difficulties, including complex regulations, bureaucratic procedures, and customs rules. One of the biggest challenges has been obtaining foreign currency. This article outlines the main
ONE to launch new service between China and Vietnam Singapore-based box carrier Ocean Network Express (ONE) announced a new service, Vietnam China Express (VCX), which is expected to launch in mid-April. The port rotation of the VCX service will be Ho Chi Minh (Vietnam) - Hai Phong (Vietnam) - Nansha (China) - Hong Kong - Hai Phong - Ho Chi Minh. The service will be operated on a weekly basis and will have a 14-day round voyage. "VCX has been thou
Arkas Line expands its service network to India Arkas Line is expanding its global service network and entering new markets as part of its ambitious 2025 growth strategy. Following the addition of routes to the Americas and the Red Sea, the company is further enhancing its international reach by extending its service to India. Ranked 32nd on the World Shipowners List, Arkas Line has successfully established operations in the Mediterranean, Bla
X-Press Feeders ship in fender-bender with ONE-operated vessel in Germany An X-Press Feeders vessel sustained some damage after coming into contact with an Ocean Network Express (ONE)-operated container ship during foggy conditions in Kiel Canal in Germany. A spokesperson for Eastaway Ship Management, part of the X-Press Feeders group, confirmed the accident occurrence in a statement to Container News . He said: "Eastaway Ship Management confirms that their managed con
CMA CGM Bets on Latakia Port with Strategic Focus on Syria The new agreement between the General Authority for Land and Sea Ports in Syria and French shipping giant CMA CGM for the Latakia port's container terminal operation highlights a significant strategic action in the region. 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 Ne
Thessaloniki Port's Master Plan gets green light Thessaloniki Port Authority (ThPA) has announced the official approval of the Port of Thessaloniki's Master Plan. This significant milestone allows the authority of the Greek port to move forward with its development strategy, which includes key projects and investments aimed at upgrading and modernizing the port. With the updated Master Plan and the Strategic Environmental Impact Assessment now
HHIT launches new port operation systems Vietnam's Hateco Haiphong International Container Terminal (HHIT) has officially launched the Navis N4 Terminal Operating System and Eport software. HHIT thanked its partners, including FPT Telecom, Kaleris/Navis, CEH, and APMT, as well as its own team, for their support and collaboration in the implementation of the IT systems for Berth No. 5 and No. 6 at Lach Huyen Port, Hai Phong City. Attende
AD Ports to operate Al Madouneh Customs Centre in Jordan AD Ports Group has secured a major contract to manage and operate the advanced Al Madouneh Customs Centre in Amman, Jordan. This 1.3 million square meter, state-of-the-art facility, inaugurated in June, is designed to boost Jordan's trade competitiveness. It features AI-powered customs processes, blockchain-driven transparency, and IoT-enabled logistics optimization to streamline cross-border tra
Port of Oakland unveils 2025-2030 Strategic Plan The Oakland Board of Port Commissioners has approved the Port's Strategic Plan for 2025-2030, outlining a comprehensive blueprint for the next five years. The plan prioritizes market growth, job creation, and the modernization of the facilities and operations, reflecting the Californian port's commitment to progress and innovation. "The Port is a growing, vibrant center for regional and internati
Taiwan Strait developments and their impact on global trade Amid geopolitical tensions in the Taiwan Strait, the recent navigation of two US Navy ships through this crucial waterway has once again spotlighted the area's significance to global shipping. 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 .
National container line to save US$50 billion for Indian exporters Delhi plans to transform its supply chains with the launch of a national carrier - Bharat Container Line (BCL) - which is expected to lower export costs by US$50 billion, according to the Federation of Indian Export Organisations (FIEO). 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
MSC boosts Transatlantic network with nine-day Italy-US transit time As part of MSC's newly launched standalone East/West Network, the ocean carrier has announced key enhancements to two major Transatlantic services. The MEDUSEC service will now offer a nine-day transit time between Genoa, Italy and New York, US. To achieve this, calls in Barcelona, Spain and Sines, Portugal have been removed from the service. Barcelona will now be included in the EMUSA service, w
Golar sells last remaining LNG carrier Floating liquefied natural gas (FLNG) specialist Golar LNG has marked its exit from the LNG shipping business with the sale of its last remaining gas carrier. The Nasdaq-listed company is shipping out the 2003-built steam turbine LNG carrier, Golar Arctic, for $24m. The Tor Olav Trøim-backed company said the 140,000 cu m vessel should change ...
FSL ships out another product tanker Singapore-listed product tanker owner First Ship Leasing Trust (FSL) has sold a second vessel coming off a long-term bareboat charter. The company has agreed to offload the 2005-built 12,984 dwt Clyde Fisher for an undisclosed sum. The oldest and the largest vessel in FSL's fleet is estimated by VesselsValue at about $8.3m. The 20-year-old unit ...
India readies home-grown container shipping giant The Indian government has laid out plans to develop a brand new containerline. To be called Bharat Container Line, the new entity will have around 100 ships in its fleet, including ships on charter. Details as to when the liner will launch have yet to be revealed with officials saying it will be a public/private ...
Evergreen firms up orders for 11 megamaxes Taiwanese liner Evergreen has firmed up long-expected orders for ultra-large containerships, splashing out between $2.91bn and $3.25bn on a series of eleven 24,000 teu newbuildings at two shipyards. The new order has been spread between Hanwha Ocean and CSSC Guangzhou Shipyard International (GSI). The South Korean shipbuilder has won six newbuilding projects worth between $265m ...
Tanjung Offshore nets services deal with EnQuest Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a services contract with oil and gas company EnQuest. The contract is for pan-Malaysia maintenance, construction, modification, hook-up, and commissioning services for the B3 package. According to a Bursa Malaysia filing, it began on December 4, 2024, and will run for five years ...
BP picks Seatrium for another Gulf of Mexico production unit Singapore shipyard group Seatrium has signed a memorandum of understanding with energy giant BP for a second floating production unit project in the US Gulf of Mexico. Under the agreement, Seatrium would carry out the engineering, procurement, construction, and commissioning of an FPU for the Tiber project, located some 480 km southwest of New Orleans ...
Transocean boosts backlog with new rig deals Swiss-based offshore driller Transocean has won one new contract and one extension for two of its rigs. The first of those deals was awarded to the 2016-built Transocean Enabler semisub by Norwegian energy major Equinor. According to the company's fleet status report, Equinor exercised a three-well option in Norway for the rig at a dayrate ...
'We are not a shelter for sanction evasion': Panama flag Facing pressure from Washington, the Panama Maritime Authority, which looks after the world's second largest ship registry, has defended its position, insisting it is deflagging many sanctioned vessels. US officials have accused Panama of not taking action to help enforce sanctions on vessels and shipowners from countries including Russia, Iran and Venezuela. US president Donald ...
Countries registering 70% of global tonnage support a carbon levy Two new reports led by UCL Energy Institute and Oceans Research Group show what's at stake at the upcoming International Maritime Organization (IMO) meetings and in the crucial period in the run-up to the Marine Environment Protection Committee meeting set for April. The IMO is expected to agree on policies, called mid-term measures, that will ...
AI tool designed to mitigate whale collisions at sea Researchers at Rutgers University-New Brunswick have developed an artificial intelligence (AI) tool that will help predict endangered whale habitats, guiding ships along the Atlantic coast to avoid them. The tool is designed to prevent deadly accidents and inform conservation strategies and responsible ocean development. Using an AI-powered computer program that learns from patterns detected betw
New Nuclear for Maritime Houston Summit makes headlines The New Nuclear for Maritime Houston Summit has been making headlines this week for bullish comments on how atomic propulsion will have a place in the future merchant fleet. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an intermediary holding company for HD Hyundai's shipbuilding sector, unveiled a nuclear-powered 15,000 teu containership model (pictured) at ...
The future of PEMEs Ronald Spithout from OneHealth by VIKAND gives his impression on how PEMEs should become a more valuable "health pulse" for crew and industry.
Russia-Ukraine peace prospects put pressure on product tanker sentiment Product tanker tonne-miles have benefitted from both rerouting of cargoes due to the Russia-Ukraine war and diversions around the Red...
Ukraine's Black Sea traffic stabilises in 2024 as Danube calls tumble Repeated attacks by Russian forces on port infrastructure and a period of intense strikes on the Odesa ports has not...
Scenarios are 'infinite' as geopolitical turbulence drags on, says Frangou US-listed owner posts reduced profit but has $3.6bn in secured contracts
World oil supply decreased by nearly 1m barrels per day in January Global oil demand is expected to average 1.1m barrels per day in 2025, up from 870,000 bpd in 2024
'We are not a refuge for sanctions evasion,' says Panama flag The registry has come under fire from US lawmakers, who claim the flag 'has enabled' Iran to evade US sanctions
Carbon tax revenue needed to offset food price hikes in poorest states Keeping IMO carbon tax revenue within shipping could mean price inflation and lower exports from some countries, UCL's Shipping and...
Fredriksen hit for costs after losing Arcadia action Trial for losses suffered by Bosworth and Hurley scheduled for next year
Austal confirms $170m newbuild contract for hydrogen-ready ropax for Gotlandsbolaget Order follows 2023's Memorandum of Understanding between the two parties to develop a high-speed vessel able to operate on several...
Regional container trade imbalances increase 33% from 2019 to 2024 BIMCO chief shipping analyst says the increase in trade imbalances has been driven by faster export growth from East and...
The Daily View: Trade osmosis Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Shipbuilding budget soars 40% as South Korea commits to industry growth Initiative aligns with the 'K-Shipbuilding Super Gap Vision 2040', which aims to solidify the country's position as a global leader...
MOL decarbonisation unit boosts investment in e-fuels producer Twelve Benefit The company's two products are drop-in fuels for the marine and aviation markets that can be used in existing infrastructure...
Evergreen confirms $3bn orders for 11 LNG-fuel ultra-large boxships Latest deal will boost Evergreen's orderbook to 59 ships totalling over 820,000 teu, accounting for 46% of its existing fleet
Cosco to order six more tankers in newbuilding spree Six medium-sized tankers will all be built by affiliated Cosco yards and cost around $480m in total
Daily Briefing Tankers with unknown flags help Russia navigate post-sanctions shipments to China and India | Covert Russian oil discharge in China's...
Small trans-Pac forwarders, feeling ignored by carriers, stay agile to secure capacity Smaller forwarders on the trade lane are pooling their cargo volumes in formal and informal arrangements to get vessel space at favorable fixed rates as some carriers focus primarily on larger customers.
Evergreen makes $3.2 billion order for LNG-capable megaships The Taiwanese carrier is joining an industrywide shift away from methanol that accelerated last year amid growing supply concerns.
India-USEC spot bookings slow amid capacity crunch from fewer sailings: forwarders Adding to the space pressure, forwarders reported three West India-USEC vessel blankings for February, including one on CMA CGM's Indamex service and two on Ocean Network Express' WIN loop.
Scotland's Prestwick airport tested by China's e-commerce giants The first in a series of "development flights" loaded with packages from Hong Kong landed at the Scottish west coast airport
US Navy aircraft carrier involved in collision with Turkish-linked bulker Supramax was carrying cargo from Jordan to Romania when collision took place
Ardmore joins ranks of US-listed shipowners taking back their shares Stock takes a hit in Thursday trading as company observes annual investor day in New York
'The big one': Trump signs order imposing sweeping reciprocal tariffs across trade relationships Trade officials to calculate new duties over the next weeks and months
Scorpio Tankers reveals what it has in mind for DHT Holdings Product tanker giant has raised eyebrows with $133m stake in fellow owner
Now Russia reports case of anchor drag damage to Baltic cable Russia adds its own incident to wave of damages reported in Baltic Sea lately
Golar LNG confirms sale of its steamship, marking its exit from LNG shipping Meanwhile, fleet mate finishes life as trading vessel and lines up for conversion in China
GasLog quarterly profit halves as company logs $8.7m value decrease on LNG trio LNG carrier market is oversupplied, but growing gas demand should support newbuilding demand, owner says
VLCCs lift record amount of West African crude as suezmaxes suffer Brokers note change in focus for oil exports in region
No quick end to sanctions, says Angeliki Frangou as Navios boss weighs in on tariffs and conflict disruption Major Greek owner, however, has more questions than answers about the geopolitical outlook
Gunvor fixes Libyan-owned LR2 tankers in quiet clean period charter market Trader also takes MR ship on short-term deal as charterers put pressure on rates
Greenpeace sends message to Putin on newly sanctioned Sovcomflot-linked tanker Activists reach MR ship Prosperity off Denmark
CMA CGM tops up orderbook with 12 LNG dual-fuel neo-panamax container ships Liner giant picks China's Jiangnan Shipyard for next 18,000-teu newbuilds but remains hungry
Newly sanctioned Russian tanker 'heading to Cuba' in rare trade Shipment of Urals oil on Rosnefteflot ship shows Putin regime seeking wider range of buyers
US pressure could stem rise of Iran dark VLGC fleet, says Oystein Kalleklev Avance Gas boss tallies big chunk of gas carrier fleet involved in Iranian trade
FSL Trust sells oldest and biggest tanker after reversing impairment Singapore owner cuts fleet to six ships with disposal of James Fisher-operated vessel
Tanker tonne-mile gains could prove resistant to Russia-Ukraine peace deal, analysts say Fearnley Securities paints a mixed picture should Russian exports return to normal
India signals plan to keep avoiding US-sanctioned tankers Direct US designations of ships have proved more effective than EU and UK regimes in halting shadow trading
Hamburg Commercial Bank's transport loans hit $3.9bn after shipping portfolio acquisition Shipping earnings saw decline in net interest income due to margin compression
CMA CGM alters steering guidance after 'ambiguous' procedures caused beacon smash Australian accident report finds seafarer error contributed to accident in Yarra River
Nicolas Saverys launches formal $82.8m bid to take Exmar private Offer period to shareholders opens today and closes on 13 March
Hamburg Commercial Bank transportation loans grow to $3.9bn after acquisition of shipping portfolio Shipping earnings saw decline in net interest income due to margin compression
Will EU dark fleet crackdown be scuppered by legal loopholes? Seizing ships is no simple matter under international law
Wilh Wilhelmsen boosts profit with ship management and car carrier investments Oslo-listed group continues to benefit from big holdings in companies like Wallenius Wilhelmsen
Big-name Greek owners shipping Russian crude while freshly sold tankers enter trade Dynacom and Metrostar tankers have loaded Urals crude as former Neda Marine and Premuda vessels debut in Russia
Ship management and car carrier investments boost profit at Wilh Wilhelmsen Oslo-listed group continues to benefit from big holdings in companies like Wallenius Wilhelmsen
Iranian and Russian oil that would fill over 70 suezmax tankers may be stranded by sanctions Estimates vary, but blacklisting of vessels is slowing crude flows
Gotland splashes up to $173m for world's first large hydrogen catamaran from Austal Austal's Philippines yard to build 130-metre-long catamaran
Seatrium bags rights to second deepwater production newbuild contract from BP Singapore yard gets fifth floating production unit project in the Gulf of Mexico
India plans new container line, sees maritime path to global goals India plans a wide-ranging maritime initiative that includes the launch of a new container line.
US aircraft carrier, merchant ship collide in Mediterranean The aircraft carrier USS Harry S. Truman and a Panamanian-flagged bulk carrier collided late Wednesday in the Mediterranean Sea.
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