Eurobulk must pay $1.125M criminal fine in pollution case U.S. District Judge Nelva Gonzales Ramos has ordered Athens-headquartered Eurobulk Ltd to pay a criminal fine of $1.125 million after the company pleaded guilty to violating the Act to Prevent Pollution from
Kongsberg to lead major green upgrade of NCA hybrid vessel OV Bøkfjord The Norwegian Coastal Administration (NCA) has selected Kongsberg Maritime to serve as lead integrator for a significant green upgrade of its hybrid vessel, OV Bøkfjord. The project will include installation of Kongsberg
Sean Duffy sworn in as Secretary of Transportation Former Congressman and, subsequently, Fox Business host Sean Duffy was yesterday formally sworn in as U.S. Secretary of Transportation by Vice President JD Vance. His nomination had been fully endorsed by the
Southern Ports earns ISO certification for asset management Southern Ports has become the fifth port authority in the world to achieve ISO 55001:2014 certification for its integrated asset management system. Over the past four years, Southern Ports has designed, developed, and implemented this accredited system across its three ports in Albany, Bunbury, and Esperance. The system manages an extensive asset portfolio valued at over US$1.6 billion, encompass
New leadership for FlexiVan Flexi-Van Leasing has announced the appointment of Chadwick (Chad) Heller as its new Chief Commercial Officer and Keith Saunders as its new Chief Operating Officer. Chad Heller brings over 30 years of experience in global transportation, logistics, freight forwarding, and supply chain management. He has previously held leadership roles at Pegasus Logistics Group, DB Schenker USA, and UTi. As CCO,
Port of Tilbury enhances handling capabilities with new harbour crane The Port of Tilbury has expanded its crane fleet with the addition of a third LHM 550 mobile harbour crane from Liebherr Great Britain. Commenting on the arrival of the new mobile harbour crane, Paul Dale, Chief Operating Officer of Forth Ports, said: "We have set out ambitious net zero targets across our business and are investing in greener technology to ensure that our operations are sustainab
Yeosu-Gwangyang Port Authority scores as MSC and Gemini add calls Yeosu-Gwangyang Port Authority (YGPA) says its marketing efforts have paid off as Gwangyang, South Korea's third-busiest container port, is included in Gemini Cooperation's line-up. YGPA said that the port will have more connections to Europe, the United States and the Middle East, having reached out to MSC and Gemini, the alliance between Maersk Line and Hapag-Lloyd. In particular, MSC's Albatro
Global bunker indices continue downward trend During the fifth week of the year, the Marine Bunker Exchange (MABUX) indices experienced a continuous decline. The 380 HSFO index dropped by US$7.03 to US$533.14/MT, the VLSFO index decreased by US$4.89 to US$620.61/MT and the MGO index saw a significant decline of US$17.40 to US$786.75/MT. "At the time of writing, no clear trend was observed in the global bunker market," said a MABUX official.
Post-pandemic peak sees frenzied ship buying in 2024 Mainline operators, led by MSC, were very active in buying second-hand container ships in 2024, as freight rates reached levels not seen since the Covid-19 pandemic, according to Alphaliner's report. MSC purchased 70 vessels, ranging from 1,300 to 14,700 TEUs for a total of 330,000 TEUs, representing a third of all the ships sold. In November 2024, the Swiss-Italian operator hit the symbolic thre
Shipping Corporation of India wants more boxships for Indian shipments Shipping Corporation of India (SCI) is inviting tenders from ship owners as the Indian state-owned company plans to buy up to six pre-owned ships or newbuilding re-sales. The tanker-focused SCI wants to increase its owned fleet to reduce the country's dependence on foreign carriers. Clarksons shows that out of its 118 ships, only two, the 4,400 TEU SCI Chennai and SCI Mumbai, are container vessel
InductEV and ITS launch wireless EV charging at Port of Long Beach InductEV, a wireless electric vehicle charging solutions firm, is set to deploy its high-power inductive chargers in collaboration with the International Transportation Service (ITS) at the Port of Long Beach. ITS recently secured a US$3.3 million grant from the California Energy Commission (CEC) to showcase advanced charging technologies tailored to the specific needs of medium- and heavy-duty (
Environmental Standards in Construction: Meeting the Needs of a Changing World As global concerns over climate change and resource depletion grow, industries like construction are under increasing pressure to adopt environmentally responsible ABS Standardspractices. Environmental standards in construction not only help reduce ecological impact but also align with regulatory requirements and client expectations. This article explores these standards with a particular focus o
Port of Tanjung Pelepas emerges as Gemini's key trade hub Port of Tanjung Pelepas (PTP), with its growing role as a trade hub for the Gemini Cooperation, emerges as a pivotal trade spot in the growing competitive landscape of Southeast Asia. The Malaysian port seems that it will enter a new era of competition with Maersk and Hapag-Lloyd believing it will be able to handle the alliance's massive volumes
Hapag-Lloyd's preliminary figures show over US$20 billion in annual revenue Hapag-Lloyd announced that its transport volumes rose by approximately 5% to 12.5 million TEUs in 2024, despite longer voyage times caused by ship rerouting via the Cape of Good Hope due to security concerns in the Red Sea. Additionally, based on preliminary and unaudited figures, the German carrier's revenues grew to US$20.7 billion, largely due to increased demand for container transport. Furth
CMA CGM warns of storm disruptions in North European ports CMA CGM has announced that the passage of several storms from the Atlantic into European waters in recent and upcoming days may cause disruptions across the ports in North Europe. "High winds and a large swell will see passages across the Bay of Biscay disrupted until Friday January 31 and there are currently weather warnings in place or expected for the main European ports," said the French ocea
Baltic Sea faces potential shipping fees amid rising security costs for undersea cables According to Estonia's Defense Minister Hanno Pevkur, shipping companies might soon face charges for using the Baltic Sea to offset the rising costs of safeguarding
Rem Offshore scores PSV fixture Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea. The company's 2011-built Rem Supplier has been fixed for around 300 days, according to brokers in Norway and the UK. The vessel will support the jackup rig Valaris Norway on a two-well campaign from March this year. ...
DeepOcean wins Polish wind survey contract Norwegian ocean services contractor DeepOcean has won subsea survey work on the Baltyk 2 and 3 offshore wind developments in Poland. Jointly developed by Equinor and Polenergia the Baltyk 2 and 3 offshore wind farms will have a total combined capacity of 1.44 GW. Under the contract with an undisclosed value, DeepOcean will carry out ...
Halliburton wins Petrobras drilling contract Houston-headquartered energy service giant Halliburton has won a contract from Petrobras for integrated drilling across several offshore fields in Brazil. The contract scope covers development and exploration wells over three years and significantly expands Halliburton's drilling services footprint in the pre-salt and post-salt areas, the New Yourk-listed company said. "This contract demonstrates
Russian-linked ship-to-ship transfers spike in wake of US sanctions Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America's largest sanctions package aimed at Russia's shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in the Sea of Crete and a 370% increase in ...
Tele-Fonika Kable ARP offshore wind partnership Poland's Tele-Fonika Kable and the Industrial Development Agency (ARP) have set out plans to build specialised cable laying vessels (CLVs) designed for the installation and maintenance of offshore wind farm subsea cables. The scheme under a letter of intent signed by both parties also includes the development of support vessels to facilitate servicing and operational ...
First modern VLCC sale of the year highlights how tanker prices are easing This year's first modern VLCC sale is in the pipeline. Brokers report that the eight-year-old, 300,000 dwt Leicester was sold for $87m to undisclosed interests. Broking sources tell Splash that an Oslo-based private equity fund, Transportation Recovery Fund (TRF), is selling the Shanghai Waigaoqiao Shipbuilding-built tanker. The last comparable deal is from August last year ...
Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte's MSC One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte's Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more than 3m teu of newbuilds, pushing MSC to the top spot in ...
Stena Drilling scores drillship contract in Suriname Stena Drilling has landed a contract with TotalEnergies for its sixth-generation harsh environment drillship, Stena DrillMax. The 2008-built managed pressure drilling (MPD)-equipped unit, hot stacked since January, will be deployed on a one-well exploration campaign off Suriname. The work is set to start during the second quarter of this year at an undisclosed dayrate. The ...
TGS wins second UK offshore wind survey in two days Oslo-listed seismic data specialist TGS has won a second offshore wind characterisation contract in as many days. The contract has a total duration of approximately 30 days and is scheduled to begin in the second quarter of 2025. The work will be done for an undisclosed customer on the UK continental shelf and the company ...
Don't be too fixated on price to NAV Pierre Aury has some advice for would-be shipping investors. An old topic for a new year. I've already made my opinion quite clear about the fact that shipping companies trading in competitive spot markets should not be listed. In this column, we will acknowledge how wrong it is that a number of these companies are ...
World's first commercial sailing roro launched in Turkey The world's first commercial sailing roro vessel, Neoliner Origin, has been launched at the RMK Marine shipyard in Türkiye. The vessel, which started construction in November 2023, is being built for the French shipping company Neoline. It is a 136 m long and 24.2 m wide cargo ship with 3,000 sq m of sail and ...
Sun Enterprises in for DH Shipbuilding suezmaxes Greek shipowner Sun Enterprises has returned to South Korean yards in its latest fleet expansion move. The company, which has built most of its tankers in South Korea, has commissioned DH Shipbuilding for a pair of suezmaxes at $90.5m each. Shipbuilding sources say the 158,000 dwt newbuilds which are the company's first in nearly a ...
Scorpio Tankers ups stake in DHT to above 5% Emanuele Lauro-led Scorpio Tankers has taken its shareholding in VLCC giant DHT Holdings to above 5%. In a release to the Securities and Exchange Commission, New York-listed DHT revealed Scorpio had taken its shareholding in the company from 4.9% to 7.45%, spending $131.5m to bolster its position. Splash first reported on Scorpio's initial 4.9% DHT ...
Chinese chief engineer jailed in the US A Chinese chief engineer, Fei Wang, 38, has been sentenced in the US to three months in prison and three years of supervised release over an oily bilge water release last year. Wang was working on the ASL Singapore, a Chinese-owned bulk carrier, when it was inspected in New Orleans by the US Coast Guard ...
Robert Hvide Macleod invests in Siglar Carbon A well-known name in Norwegian shipping circles, Robert Hvide Macleod, has invested in shipping emissions analytics
Brokers and sellers face conundrum as aframax S&P market spikes after US sanctions Deceptions underscore the due diligence challenges and know-your-customer conundrum facing shipbrokers handling tanker sales, and the largely Greece-based shipowners selling...
Syria's seaborne trade remains unchanged under new regime Steps are being taken to lift sanctions on Syria, but economic normalisation will not happen overnight
The EU's business-friendly policy pitch is positive for shipping, if it works The European Commission has laid out its policy plans for the next five years promising to help turn the continent's...
LCO2 fleet expansion limited by insufficient shipbuilding capacity Orders for liquefied carbon dioxide carriers may be limited in the short term due to the cautious uptake of carbon...
Intermanager names Sebastian von Hardenberg its new president The third-party shipmanagers' association is campaigning to reduce crew deaths in enclosed spaces, stop criminalisation of seafarers and prevent legal...
MAN to deliver first ammonia dual-fuel engines in early 2026 Two-stroke engine designer appears to be on track to deliver pilot ammonia-fuel engine for Eastern Pacific Shipping VLAC in the...
ZeroNorth reports first operating profit The digital optimisation platform registered its first positive ebitda in December 2024 and said it expects to record positive earnings...
A carbon levy with targeted e-fuel rewards required for decarbonisation A carbon levy that funnels vast sums into spurring production of renewable e-fuels is crucial for shipping decarbonisation, as other...
'Concerning risk picture' for scrap steel fires on larger bulkers, Gard warns Intense heat and heavy smoke threaten to harm crew, firefighters and local residents
China narrows steel production gap in last months of 2024 Chinese steel production ended 2024 down 1.7% on 2023's output, but so much of the dry bulk market's 2025 performance...
Hapag-Lloyd fourth-quarter operating profits up $900m Despite modest increases in transport volumes, the Hamburg-based line has vastly outperformed its fourth-quarter 2023 results to cap off a...
The Daily View: Pulp fictions Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
X-Press Pearl hearing establishes slot charterers can limit liability under LLMC Recent case extends logic originally applied to MSC Napoli grounding in 2007
Daily Briefing Why would US invade Panama? US Senate hearing gives rationale | Cable-cutting ships in Baltic Sea are 'no accident' says...
C.H. Robinson's forwarding business offsets weak US truck market The largest US freight broker expects the first quarter of 2025 to be weak for trucking as the freight recession remains in place, but it is converting more customers to use its services for ocean freight.
US shippers urged to prepare now for upcoming LTL class changes, rate 'resetting' New freight classifications that will take effect this summer could raise costs for less-than-truckload shippers that don't begin working with carriers now, speakers at the SMC3 conference said.
Green corridor ports in the US set the stage for MPV fuel transition The breakbulk sector can lean on the progress of key US ports in facilitating the safe bunkering of next generation alternative shipping fuels
Strong volume, high rates to lift Hapag-Lloyd's 2024 earnings It would be the 10th consecutive year the carrier has reported a profit as it capitalized on increasing demand supported by elevated rates.
Mitsui OSK Lines links executive pay to greenhouse gas emission reduction Shipowner unveils its fact-packed annual sustainability report for 2024
US LNG production set to jump by one-third in next three years, says Poten Canada is poised to become a producer in 2025 and overtake Mexico on output
Tankers International veteran says 'grey areas' of demurrage should not be neglected Claims manager reveals the challenge behind six-figure sums tied to VLCC charters
US LNG production set to jump by a third in next three years, says Poten Canada is set to become an LNG producer in 2025 and overtake Mexico on output
Cognac and car parts: CMA CGM-backed wind-powered ro-ro hits the water Vessel set to ship car parts, Cognac, forklifts and luxury handbags across the Atlantic
Pyxis Tankers reveals forward tanker bookings ahead of spot market Greek owner has 72% of first-quarter days covered
George Procopiou VLCC lifts first Cameroon crude for huge new Nigerian refinery Greek owner's tanker took on two 1m-barrel cargoes from floating storage and production units
Vale iron ore production drop reflects depressed capesize market Miner gives cautious outlook for 2025 with no respite for shipowners
Major liners coy as Suez Canal urges Red Sea return Waterway's administration invites container ship giants to powwow at its Ismailia headquarters
BW LPG shares surge in Oslo as Pareto sees 'striking discount' Stock is regarded as 'far too discounted' by one analyst
'We didn't want to sell,' says Navig8's Busch as Adnoc L&S eyes global impact of deal In first joint interview, deal-making CEOs open up about pricing and believing in long-term value
Shipping's carbon levy needs immediate impact to meet goals, researchers say Small fossil-fuel tax will not help close the price gap and help developing states with mitigation, argues UCL
'We'll be back': Norwegian shipowner vows to return to dry bulk after selling last two supramaxes Atlantica Shipping is not giving up on dry bulk after confirming sale of brace
BW LPG stock surges in Oslo as Pareto sees 'striking discount'
'Dead money': Why public dry bulk shipowners could be stranded in 'no man's land' This week's Streetwise previews earnings season in the lightly invested dry bulk sector
MAN Energy Solutions ramps up ammonia test engine to full load Engine designer declares earlier positive emission and performance characteristics validated
Opportunities abound in weaker tanker S&P arena as 'exotic' buyers pull out Broker SSY expects further downward pressure to incentivise deals
Sanctioned tankers head to India with cargoes loaded after US blacklisting Uncertainty surrounds shipments that appear to breach new measures introduced on 10 January
Greek dealmakers raise $150m through latest blank cheque company Nasdaq-listed Stellar V Capital Corp has not made up its mind yet on how it will invest the funds
Weapon of mass disruption: Confusion over cable cutting can only serve bad actors Should we be concerned about the possibility of shadowy figures boarding vessels in Russia and attempting to persuade crews to take risks?
Stolt-Nielsen bottom line falls as owner fears further tanker rate drop Chemical tanker rates could drop by as much as 10% in the first quarter, company says
Hapag-Lloyd sees profit hike as volumes rise in defiance of Red Sea diversions German line says freight rates were stable last year
ZeroNorth reveals first signs of profit four years after launching platform Danish operation with big-name backing celebrates earnings milestone as client list grows
Ex-Frontline boss Hvide Macleod invests in ship decarbonisation outfit Siglar Carbon Experienced executive wants to take Norwegian consultancy to the next level
Mozambique LNG newbuilding berth deadline pushed out again with project doubts emerging Seventeen vessels were provisionally ordered almost five years ago with four shipowners signed up to slots at two yards
Baltic Sea states mull ship tax to protect undersea cables after flurry of sabotage claims Idea revealed by Estonian defence minister Hanno Pevkur
Nordea's shipping loan book rises in fourth quarter Bank saw high activity in debt capital markets
Donald Trump, Russia and shipowners' changing investment patterns: How 2025 will shape up Fearnleys' head of research foresees a complex web of geopolitics affecting shipping this year
Meghna Group boosts bulker fleet with modern Japanese buy Nord Magellan deal highlights how bulker values are coming off their 2024 highs
Cruise ship that propelled Royal Caribbean into the big league heads for the recycling yard Former top-10 vessel reaches end of the line
Scorpio Tankers jumps stake in DHT, adopts strategic stance Product tanker giant now owns 7.45% of VLCC specialist after buys this month
Monjasa bursts into LNG bunkering scene with intent to grow UAE supply Owned tonnage and wider spread of product offering could develop for 'passionate' and 'observant' player
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