Philly Shipyard lays keel for second NSMV training ship The National Security Multi-Mission Vessels (NSMV) construction program continues to roll right along. On September 24, the first of the five state maritime academy training ships being built under the program, the
Candela thinks its 50-passenger foiling e-ferry is the right answer for Seattle Stockholm, Sweden, based Candela Technology AB believes that its latest all-electric passenger hydrofoil, the Candela P-12 Shuttle, could be the ideal fit for Seattle ferry services. Before that, the ferry will get
MAN and Norwegian ink MOU on methanol fueling MAN Energy Solutions has signed a Memorandum of Understanding with Norwegian Cruise Line Holdings (NCLH) on a project to retrofit a medium-speed MAN 48/60 engine to make it capable of dual-fuel diesel/methanol
Piraeus port sees strong financial results in 2022 first half Piraeus Port Authority S.A. reported a significant 29.3% turnover increase for the first half of 2022, amounting to €93.1 million (US$90.9 million). The new turnover growth was a result of an increase in revenues in all port activities during the first six months of the year. Especially, the cruise business sector recorded an increase in revenue of 182.1%, while the container handling sector (Pie
Maersk Container Industry announces new CEO Søren Leth Johannsen will be the new chief executive officer (CEO) of Maersk's reefer container manufacturing subsidiary, Maersk Container Industry (MCI). Johannsen, the current chief commercial officer (CCO) of the company, will take over as the new CEO of MCI in November, replacing Sean Fitzgerald who has decided to step down from the role as CEO and relocate to the United States. "With his man
DP World creates new arm to boost Dubai's business profile DP World has launched the Global Business Corporation (GBC), a new arm focused on supporting large companies in achieving their ambitions. DP World said the initiative invites companies to enhance their international operating models with a base in the emirate. GBC seeks to raise awareness of Dubai's strengths and benefits as a location for high-value centralised business operations of large comp
Contaminated fish seems to cause food poisoning tragedy on Cosco bulker Thirteen of 21 seafarers on one of COSCO's bulk carriers, Wu Zhou 8, have died from food poisoning after eating what is suspected to be contaminated fish. The 2013-built, 76,000 dwt ship, loaded with tapioca chips, departed Koh Si Chang, Thailand, on 20 September and was due to arrive in Lianyungang on 8 October. However, on 29 September, all the crew started experiencing abdominal pain and vomit
GSBN, Hapag-Lloyd complete shipping data sharing pilot Global Shipping Business Network (GSBN), a blockchain consortium founded by major container lines and global terminal operators, has reached a milestone in successfully unifying the consent collection and sharing of shipping data on the GSBN Data Sharing Management Application. In collaboration with Bank of China (Hong Kong), German ocean carrier Hapag-Lloyd and A & W Food Service (Hong Kong) Ltd
CMA CGM launches new early container return incentive programme CMA CGM Group has announced the start of a new early container return incentive programme, under the name "TEUs to Trees", aiming to increase climate change mitigation in the United States while assisting in both the fluidity and velocity of the supply chain. The programme took effect on 1 October 2022 and will last until 30 December 2022. CMA CGM said this new incentive programme is an opportuni
Maersk's Sealand commences new Spain-UK rail service Maersk's subsidiary specialised on Intra-European logistics, Sealand will launch a new rail product from Spain to the United Kingdom, designed for temperature-sensitive cargo like fruits and vegetables. The new service will initially have three weekly departures from Valencia terminal to Barking terminal in East London. The trains will not carry only reefers, but will also transport non-refrigera
CMA CGM implements new reefer surcharge from USEC and Gulf to West Africa French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from the United States East Coast (USEC) and Gulf to West Africa. Effective from 1 November to 31 December, the Marseille-based box line will apply a surcharge of US$400 per refrigerated container. It is important to note that Nigeria is excepted from the aforementioned peak season surcharge for reefer cargo. The post a
APM Terminals, Aqaba Development Cooperation extend partnership in Jordan's box terminal Maersk-owned global port and terminal operator APM Terminals and Aqaba Development Cooperation signed a Memorandum of Understanding (MoU) for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT) in Jordan. According to the deal signed last week, the two partners will invest US$242 million in the box terminal to maintain its strong position in the Levant region and accele
BNSF plans new US$1.5 billion rail facility in Southern California BNSF Railway has unveiled its plans to invest more than US$1.5 billion to construct a new rail facility in Southern California and the first being developed by a Class 1 railroad. The Barstow International Gateway will be an approximately 4,500-acre new integrated rail facility on the west side of
What's happening with grain shipments out of the Black Sea? Shaun Robertson, an intelligence analyst at Palaemon Maritime, a company which provides specialist marine hardening equipment, provides an update on the Black Sea Grain Initiative. Since the beginning of the war in Ukraine on February 24, grain shipments from the country have ceased. However, a deal brokered by the United Nations and Turkey in July ...
Maersk's reefer manufacturing unit names new CEO A.P. Moller - Maersk's reefer manufacturing unit Maersk Container Industry (MCI) has appointed its current chief commercial officer Søren Leth Johannsen to take over as new chief executive officer of the company in November. Johannsen has been with MCI for the last 17 years and has held the role of CCO since joining. He will ...
Diana Shipping secures $200m loan to fund Sea Trade ultramaxes buy Diana Shipping has secured a new loan to back the acquisition of nine modern ultramax dry bulk vessels. The New York-listed Greek bulker owner has taken $200m from Nordea Bank which will be directed to partially finance the $330m deal the company struck in August to take over the entire fleet of Stamford-based Sea Trade ...
DOF seals Equinor PSV extension Norwegian OSV owner and operator DOF has sealed a charter extension with compatriot energy major Equinor for its large platform supply vessel . The extension for the 5,200 dwt vessel is for a period of 12 months, commencing October 4. The PSV joined DOF's fleet in 2009 and has been on a five-year contract with ...
Pavilion Energy and DNV roll out digital LNG bunkering in Singapore Pavilion Energy, a wholly-owned subsidiary of Temasek, and class society DNV have jointly developed a fit-for-purpose LNG bunker digital platform for employment in the Port of Singapore. Pavilion Energy and DNV teamed up in 2021 to digitalise LNG bunkering in Singapore and improve DNV's platform called FuelBoss. A fully digitalised end-to-end solution, which is said to elevate ...
Shearwater awarded large OBN contract in Brazil Norwegian offshore seismic specialist and vessel player Shearwater GeoServices has secured a contract from Petrobras for a large deepwater ocean bottom node (OBN) survey offshore Brazil. The survey covers the Petrobras-operated Grand Iara project, involving the Berbigão, Sururu, and Shared Reservoir of Atapu, in the Santos Basin. "This is a significant contract and a solid ...
Aker Solutions and Siemens Energy firm up Norfolk wind farm deal with Vattenfall A consortium of preferred bidders Aker Solutions and Siemens Energy has been awarded a limited notice to proceed contract from Swedish utility Vattenfall for the Norfolk Boreas offshore wind project off the coast of the UK. For the project, Aker Solutions and Siemens Energy will provide the grid connection infrastructure for the wind farm, including ...
Fish reported as cause of multiple deaths onboard COSCO ship Vietnamese media is reporting that fish was most likely the cause of severe food poisoning onboard COSCO Shipping's bulk carrier which took the lives of at least 12 crewmembers, with unconfirmed reports suggesting one more person has also died. The Chinese-flagged bulker, while on its way from Thailand to China, requested emergency medical assistance last ...
Maritime CEO Forum Singapore: The connectivity at sea debate The Maritime CEO Forums are back after a three-year covid hiatus. The first event took place last week in the stunning surroundings of the Fullerton Hotel. Ahead of the four sessions, organisers created a 'power hour' workshop, sponsored by Inmarsat, looking at how connectivity at sea is driving digitalisation, decarbonisation and crew welfare. Panellists were ...
Safeen Feeders seals tankers deal in Iraq Containership and bulker operator Safeen Feeders is expanding its portfolio into the oil and gas sector, having signed a deal with Iraqi marine services company Amaan Baghdad to support a new project relating to fuel oil transport and storage in Iraq. Under the terms of the agreement, Safeen Feeders will manage the entire project, providing ...
Lomar completes $160m acquisition of Carl Büttner Lomar Shipping, a maritime subsidiary of Libra Group, has acquired Bremen-based Carl Büttner Holding, paying $160m to take over the 166-year-old company and its fleet of six chemical tankers. "We are pleased to see the acquisition of Carl Büttner successfully completed and look forward to welcoming our new colleagues and their vast tanker management expertise ...
Solstad Offshore clinches one-year PSV charter in Brazil Norwegian OSV owner and operator Solstad Offshore has secured a one-year firm contract with Trident Energy do Brasil for the large platform supply vessel (PSV) . The 2014-built 4,000 dwt ship will start its contract in the early fourth quarter of this year supporting Trident Energy's activities in Brazilian waters. The operator has an additional ...
Guangzhou readies $1bn Nansha port expansion Guangzhou Port Group will spend more than $1bn building 500,000 teu of extra berth capacity at its flagship terminals in Nansha. As well as handling containers, the new berth will also be able to process 15.5 million tonnes of bulk and general cargoes. The port is already operating beyond its full design capacity, handling 24.18m ...
NYK boss outlines decarbonisation growth strategy The head of Nippon Yusen Kaisha (NYK), one of the world's largest shipping companies, has revealed the size of his organisation's carbon footprint, and the opportunities he sees from being a first mover to slash emissions. Speaking on the occasion of the 137th anniversary of NYK's founding, president Hitoshi Nagasawa revealed the group, which also ...
Allseas awarded more decommissioning work in UK North Sea Allseas has been awarded a contract by UK-based operator EnQuest to remove the topsides of its Heather platform in the North Sea. The contract will cover all the engineering, preparation, removal, and disposal of the asset topsides, mobilising the 2014-built heavy lift vessel . The Heather facility was brought online in 1978 and produced oil ...
Mudit Paliwal brews up path to the Nasdaq Mudit Paliwal-led Delta Corp Holdings has brewed up a way to the Nasdaq, announcing plans to merge with listed Coffee Holding, an American coffee roaster and dealer. The share swap deal should be completed in the first quarter of next year with Delta then trading under the ticker DLOG. Paliwal, Delta's CEO and founder, commented, ...
Deadline set to remove bulker wreck off Gibraltar Gibraltar authorities have given salvors until the end of May next year to remove the wreck of the , a bulk carrier involved in a collision five weeks ago, now lying off the coast of the British territory. The ship has come to rest on the seabed some 700 metres from the shore, and is ...
BNSF to build new integrated rail complex in southern California In a bid to slash congestion around the ports of Los Angeles and Long Beach, BNSF Railway will invest more than $1.5bn to construct a 4,500 acre rail facility at Barstow in southern California. The Barstow International Gateway will consist of a rail yard, intermodal facility and warehouses for transloading freight from international containers to ...
Halifax and Hamburg collaborate on green transatlantic corridor The Halifax Port Authority and Hamburg Port Authority will work together to decarbonise the shipping corridor between Halifax, on Canada's east coast, and Hamburg, along Germany's northwest coast. The two port authorities signed a memorandum of understanding on September 29. The focus of the
Daily Briefing Greece, Malta and Cyprus in oil price cap pushback in Brussels | UK transport secretary sets out green growth agenda...
Delta Corp agrees merger with Nasdaq-listed coffee company Delta Corp and Coffee Holdings have entered into a definitive merger and share exchange agreement
Greece, Malta and Cyprus in oil price cap pushback in Brussels All 27 member countries of the European Union need to agree on details over the eighth sanctions package on Russia...
UK transport secretary sets out green growth agenda for shipping New minister tells government officials to downgrade any project that is not supporting the green growth agenda
Shipping outlook turns negative as earnings peak Political and economic insecurity will dent the fortunes of dry bulk and container shipping. But the tanker sector will likely...
IEA says LNG trade to remain under pressure The gas crisis in Europe has drawn away from Asia not only flexible LNG volumes, but also the limited number...
Interferry drops P&O Ferries chief from conference line-up Ferry company was at centre of national controversy in the United Kingdom after it illegally sacked almost 800 seafarers without...
The week in newbuildings: Grimaldi adds to eco ro-ro series Newbuildings will be based on Grimaldi's GG55 series of ships, which were developed by Denmark's Knud E Hansen consultancy
Congestion impact on boxship capacity to clear by early 2023 At its worst, congestion tied up over 10% of available boxship capacity. Half of that has now been released back...
Australian broker completes P&I specialist Tysers purchase Target company publishes annual health check on state of all International Group affiliates
The week in charts: Container spot rates slide | Product tanker profits strong | Port of New York and New Jersey is busiest in US Upturn anticipated in scrapping sales, the Shanghai Containerised Freight Index continues to tumble, and new entrants on deepsea container shipping...
Cosco Shipping buys stake in supply chain unit for $171m Cosco aims to improve end-to-end service network and enhance integrated logistics and shipping service capacity
Pavilion Energy partners DNV in digital LNG bunker platform Initiative aims to improve process integrity, data transparency and operational efficiency for customers
Navigator agrees $233m deal for five Chinese ethylene carriers Partners have previously worked together under the Luna Pool
Twelve crew die in suspected food poisoning on Cosco-controlled bulker The bulk carrier on which the incident took place departed Koh Si Chang anchorage in Thailand. It was scheduled to...
Ocean carriers cut trans-Pac services as blank sailings fail to stem rate slide Major carriers and smaller liners are consolidating and halting trans-Pacific services amid a sharp drop in spot freight rates that hasn't been cured by blank sailings.
First post-OSRA shipper invoicing complaint snags Flexport An Indiana-based shipper alleges it tried to resolve incomplete invoice issues directly with Flexport, but says the NVO failed to provide necessary information and withheld additional containers.
Decarbonization gives rise to new problems for carriers: analyst A major challenge arising from decarbonization will come when it's actually time to measure at a TEU level whether a certain shipment is carbon neutral or not, writes JOC analyst Lars Jensen.
Georgia Ports Authority adds Nissan to OEM roster US auto imports slid 8 percent during the first seven months of 2022, reflecting supply chain snarls, even as high and heavy imports gained steam.
Soaring rates, container shortages put US reefer trade on ice US cold-chain cargoes fell more than 20 percent through May as the combination of high freight rates, poor reliability of ocean carrier service, and lack of equipment took a toll on foodstuff freight.
Ridgebury Tankers extends sales run as Middle East buyers grab MR Private equity-backed US shipowner has offloaded what is reported to be its 13th vessel this year
Back to the future: Paper market showing low expectations for dry bulk shipping Futures contracts indicate return to lower physical rates after bulker sector recovered from September lows
Spate of vintage sale and purchase deals raise Russian 'dark fleet' suspicions BRS Group said how much the incoming European Union oil embargo on Russia boosts tankers is down to how much cargo is carried on above-board ships
Cruise shares mount two-day plunge amid missed hopes and frail economies Carnival Corp's stock falls as a result of having a very large fleet of older vessels, analyst says
UN puts oil traders' 'super profits' in its sights Unctad warns of 'grim' outlook for global trade as the world moves towards stagnation
Diana Shipping strikes loan deal to back Sea Trade fleet purchase Nordea provides $200m term loan to help pay for nine ultramax bulk carriers
US start-up Amogy poaches Yara's bunker boss Christian Berg for Norwegian ammonia push Newcomer brings experienced shipping executive on board
Denmark-Belgium strike cross-border deal on CO2 exports Pioneering agreement has potential to benefit emerging shipping business for carbon capture storage
Pound pummelled: have all UK shipbrokers' Christmases come at once? Revenues set to soar and tax burden drop following disastrous UK mini-budget
Rating agency Moody's downgrades shipping as earnings 'peak' Agency expect Ebitda to drop sharply next year due to normalisation of container sector
How a revelation atop a salt pile led Pangaea Logistics into offshore wind Pangaea is at least the second dry bulk shipowner to find its fortunes suddenly shifting to wind
Cargill in order talks for first-ever methanol-fuelled bulkers Ocean transportation president Jan Dieleman says Global Maritime Forum discussions on carbon-cutting gives the confidence to say, 'Let's go for it'
Dividend draw: is shipping a smart bet in turbulent times? Clarksons Securities sees "striking" yields possible from shipowners next year
One Sea replaces former head Paivi Haikkola with Sinikka Hartonen New head of the organisation working to develop autonomous shipping comes from the Finnish Shipowners' Association
H-Line adds three more LNG-fuelled car carrier newbuildings in China A conservative tonnage provider, H-Line has ordered the trio against long-term charter contracts from Hyundai Glovis
H-Line adds three more LNG-fuel car-carrier newbuilding in China A conservative tonnage provider, H-Line has ordered the trio against long-term charter contracts from Hyundai Glovis
'Double-digit' tanker contract hikes to unlock value at Stolt-Nielsen Analysts believe profit will keep increasing at the Norwegian chemical tanker company
'Defying imagination'? Vintage VLCCs rumoured sold for top dollar Frothy tanker markets are breathing new life into big tankers that had been previously heading for the scrapyard
Trafigura secures three VLCCs as term tanker deals keep on coming Brokers report SCI and Cosco among the owners fixing ships for six months to trading giant
Middle East fuel needs will turn tanker demand from dirty to clean, says BRS Domestic need for crude to dwarf small oil supply increase in the region next year
Food poisoning suspected as 13 seafarers die on Chinese bulk carrier The rest of the crew from the Wu Zhou 8 critically ill
Cargill's Jan Dieleman warns IMO's Carbon Intensity Indicator 'doesn't make sense' How extended port stays are factored into upcoming regulation leads to problems for charterers
AD Ports' Safeen dives into tankers with VLCC and MR deal in Iraq Abu Dhabi group better known for container ships and bulkers inks transport and storage agreement
Torm warns product tanker rate boom could spark order spree Danish owner also reveals strong bookings for the third quarter
Food poisoning suspected as 12 seafarers die on Chinese bulk carrier The rest of the crew from the Wu Zhou 8 critically ill
Start-up Stodig surges to 50 vessels as it eyes green shipping expansion But director Brede Gislefoss explains that high energy prices are a potential setback for ammonia and hydrogen production
Nicholas Georgiou-led Lomar finalises $160m takeover of German tanker owner Carl Buttner Deal involving six chemical products tankers marks a new era for the 166-year-old German company
Bulker, tanker and bunker player Delta Corp heads for Nasdaq listing Three-year-old company set to go public in the US via merger with listed coffee company
LNG shipping rates 'shooting for the stars' at $500,000 per day With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
Cathay Pacific lowers cargo expectations for holiday shipping season Cathay Pacific Cargo is sending cautionary signals about the peak shipping season but still wants new freighters from Airbus or Boeing.
Lawmaker introduces bill to guarantee more US-flag shipping A bipartisan proposal increases minimum tonnages for agricultural products exported by the U.S. government.
Flight attendants' legal win in California could impact air cargo California's legal victory allowing it to impose workplace rules on flight attendants has some cargo airlines worried about states regulating their operations.
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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