Marine Log launches new event with focus on ship repair and maintenance Marine Log is adding a new shipbuilding repair and maintenance event, "Ship Repair USA," to its lineup, with a focus on decarbonizing fleets and how shipyards can benefit from the push to
VIDEO: Seawing kite on transatlantic trials Airseas, the Nantes, France, based wind propulsion pioneer founded by former Airbus engineers, has released video of its first Seawing kite system undergoing transatlantic sea trials. The system has been installed on
New Great Lakes TSHD is in the water Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) reports that the Galveston Island, the first of two newbuild trailing suction hopper dredges under construction at Conrad Shipyard, is in the water and
Belledune and Hamburg ports ink cooperation agreement Canada's Belledune Port Authority (BPA) and Germany's Port of Hamburg have signed a Memorandum of Understanding (MoU) to collaborate on the movement of dry and liquid bulk commodities, and manufactured products between the two countries with a focus on clean fuels and green products. In August, the Belledune Port Authority (BPA) also signed an MoU with Niedersachsen Ports in Wilhelmshaven, German
MSC announces new line connecting India with West Mediterranean MSC will launch a new direct service, which will link India with the West Mediterranean, starting mid-December. The purpose of this direct connection between the two regions for the Swiss/Italian container carrier is to reduce transshipment for customers and provide expedited transit times. The service will offer Mundra to Genoa in 19 days, Valencia in 23 days and Nhava Sheva to Barcelona in 16 d
Dash Crypto Price in 2022 The year 2022 is a challenging period for the whole world and the crypto industry in particular. Against the backdrop of the full-scale war started by russia and the global crisis, people's ability to invest money decreased, which affected all the fields of businesses and the crypto field as well. In the spring of 2022, the crypto market dropped, starting a bear trend that has been lasting until
Georgia Ports focuses on container shipping, transforming Ocean Terminal The board of Georgia Ports Authority (GPA) has approved a plan to renovate and realign the docks at the Port of Savannah's Ocean Terminal aiming to better accommodate its expanding container operations. "For nearly 40 years, Ocean Terminal has been handling a mix of container ships and breakbulk vessels. The realignment is part of a broader effort to transform the terminal into an all-container o
CMA CGM revises peak season surcharge from Europe to North America Marseille-headquartered container line CMA CGM has announced the revision of its peak season surcharge (PSS) from Europe to US Gulf, US East Coast and Canada East Coast. The new surcharge from North Europe, Scandinavia, Poland and Baltic to US East Coast will be effective from 20 December (US gate in date) until further notice and will be US$1,500 per container for all types of cargo. CMA CGM sai
CyberLogitec's OPUS Terminal implemented at Qinzhou Automated Container Terminal CyberLogitec, the provider of maritime, port/terminal, and logistics operations technologies, announced that OPUS Terminal has been successfully implemented at Qinzhou Automated Container Terminal of Beibu Gulf Port in China. Qinzhou Automated Container Terminal is the world's first U-type Full Automated Terminal, which offers unmanned operation for all the terminal's equipment. Moreover, CyberLo
15 containers fall into water due to strong winds in Singapore Some 15 empty containers at Keppel Terminal in Singapore fell from the wharf into the water due to strong winds during a squall on 1 December. The Maritime and Port Authority of Singapore (MPA) said the incident, occurred at about 15:00 (local time), has not caused any impact on the operations of the port of Singapore so far. Additionally, there are no reported injuries, according to MPA. The por
MSC's Toft concerned that emissions trading could aggravate inflation MSC's CEO Soren Toft has expressed concern that the European Union's emissions trading scheme (ETS) could be commoditised and drive up costs. During a Lloyd's List podcast on 2 December, Toft said, "I find it extremely concerning is that the ETS is open for anybody and not just for the companies that are having factual emissions. Any person, any private equity, which wants to speculate can go and
Reefer market soars in 2022, challenges expected in next year According to Dynamar analysis, container carriers and conventional reefer operators "hit the jackpot" in 2022, after struggling for many years and after a relatively prosperous 2021. With the container shipping sector in full swing and much capacity absorbed by congestion, boxships could not provide enough space to carry all the cargoes they were offered. Dynamar reports that containers were regu
New cargo terminal opens at Port of Everett The Port of Everett officially launches its new Norton terminal, the first all new cargo terminal to open on the United States West Coast in more than a decade. The US$40 million maritime infrastructure investment introduces over 160,000 m² of new upland cargo capacity to the national freight network to further enhance the movement of commerce throughout the global supply chain. The new facility
Rotterdam studies large-scale ammonia cracking for hydrogen imports A group of 18 companies led by the Port of Rotterdam Authority has launched a study into the feasibility of establishing a large-scale ammonia cracker to enable imports of around 1m tonnes of hydrogen annually for the decarbonisation of industry and mobility. A large part of the hydrogen for North-West Europe will be imported, including ...
France's Engie signs up for Port Arthur LNG supply French utility Engie has signed a long-term deal with Sempra Infrastructure, a subsidiary of New York-listed Sempra, for the supply of liquefied natural gas (LNG) from Phase 1 of Sempra's proposed Port Arthur LNG project under development in Jefferson County, Texas. The deal will see Engie buy about 0.87m tonnes of LNG annually (mpta) for ...
North Star lands $170m boost for offshore wind fleet UK offshore support vessel owner and operator North Star has secured a £140m ($170.5m) financing package to support the next phase of its offshore wind fleet growth plan. The investment includes a £50m commitment from the Scottish National Investment Bank, as well as IFM Investors, Edmond de Rothschild's BRIDGE, and RBC Capital Markets. The Partners ...
Chaotic scenes around the Dardanelles on the opening day of the Russia tanker ban The unintended consequences of the new tanker trading era in the eastern Mediterranean are that Russian crude is still flowing to Asian buyers while Kazakh oil has been hit by delays. Following the first day of the Russia oil price cap and the European Union ban on seaborne Russian crude imports, the largest upshot has ...
Airseas showcases kite system in action France-based wind propulsion developer Airseas has issued the first pictures and video footage (see below) of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The company has completed initial trials, which are taking place on the 154 m roro , as it transports aircraft components between Europe and the US. The ...
Ocean Yield seals sale and leaseback deal with Bocimar for up to 10 newcastlemax newbuilds Norwegian owner Ocean Yield has struck a sale and leaseback deal for up to 10 newcastlemaxes booked for construction in China by Belgium's Bocimar, the dry bulk arm of Compagnie Maritime Belge (CMB). The KKR-owned firm is paying $576m net of seller's credits for the 210,000 dwt newbuilds CSSC yard Qingdao Beihai Shipbuilding will deliver ...
'Staggering' prices paid for any available ice-class tonnage Russian winter is kicking in and prices for ice-class tanker tonnage are the toast of the industry now that new bans are in place against Moscow. Russia and its willing oil buyers are paying "staggering" figures for ice-class tonnage, according to brokers at Cleaves. Libya's GNTMC has sold a pair of 2006/2007-built 115,000 dwt aframaxes ...
Braemar takes on Medco tanker broking team in Madrid Braemar has recruited a new tanker broking team, based in Madrid. The 10 brokers hired previously worked for Medco Shipbrokers. The recruitment of the team has been actioned through the acquisition of a newly established Spanish company that has been formed to employ the brokers locally and which is wholly owned by Braemar. Tris Simmonds, ...
Marco Polo Marine marks Japanese offshore wind sector entry with K Line partnership Singapore offshore vessel player and shipyard Marco Polo Marine is joining forces with Japanese shipping major Kawasaki Kisen Kaisha (K Line) to explore opportunities in Japan's offshore wind sector. Japan is targeting 10 GW of offshore wind capacity by 2030 and between 30 and 45 GW by 2040 as part of its target to reach ...
Saipem exercises purchase option on Samsung drillship Italy's Saipem has exercised its purchase option on drillship currently on charter from Samsung Heavy Industries. The Milan-headquartered firm is paying $230m in cash for the seventh-generation floater currently working in the US Gulf of Mexico on a contract with Eni that expires in the third quarter of 2023. Saipem said the investment decision is ...
Ongoing lack of C-suite diversity in shipping The shipping industry is making progress on diversity, equity, and inclusion (DEI), according to the results of the 2022 Annual Review from the Diversity Study Group. This progress is most evident in junior and mid-level ranks, helping to build a more diverse talent pool of future leaders, but diverse representation remains far more limited at ...
New entrants exit the main box tradelanes The new entrants on the main east-west container trades are hurting, hit hard by plummeting spot rates and sky-high charter rates. CU Lines has given notice for the early termination of the charter of 12 panamax ships that it currently deploys on routes to the US and Europe. It follows the termination of the China-Europe ...
Hyundai Heavy creates chief artificial intelligence officer position Hyundai Heavy Industries has created the position of chief artificial intelligence officer (CAIO) in another marker about how South Korea's largest shipbuilder sees the future of shipping. The group is the first in the Korean shipping industry to name a CAIO and follows on from multiple high-tech initiatives the group is pursuing, most notably Avikus, ...
Global Centre for Maritime Decarbonisation pushes ahead with shipboard captured CO2 studies The Singapore-based Global Centre for Maritime Decarbonisation (GCMD) is issuing an invitation-for-proposal (IFP) to evaluate the safety, technical and operational requirements for offloading shipboard captured CO2 during port calls. The outcomes of this study will enable the offloading of liquefied carbon dioxide (LCO2) from shipboard capture systems. In early October, the GCMD, the Oil and ...
First wind energy lease sale off the US West Coast expected to draw strong interest On October 18, the US Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) would hold an offshore wind energy lease sale today, for areas on the Outer Continental Shelf (OCS) off central and northern California. This is the first wind energy lease sale on the US West Coast. Five leases ...
Ocean Terminal at Port of Savannah to be transformed into all-container operation The Georgia Ports Authority Board has approved a plan to renovate and realign the docks at the Port of Savannah's Ocean Terminal to better accommodate its expanding container operation. "For nearly 40 years, Ocean Terminal has been handling a mix of container ships and breakbulk vessels," said Griff Lynch, GPA executive director. "The realignment is ...
Greek shipowners call for regulations to be applied to fuel sector Decarbonisation needs 'effective measures' for other stakeholders, says Union of Greek Shipowners
The marine insurance ban won't stop Russian oil exports. Here's why Few outside the industry have ever heard of a P&I club. But a sector that traditionally shuns the limelight is...
Shipping needs to align with 1.5 degrees, not the IMO, argues new report As governments prepare for the first of two pivotal climate meetings inside the International Maritime Organization, a progressive alliance of...
Russia fails to offset boxship trade with Türkiye and China Moscow is doubling down on trade with its allies, but this is not enough to counteract the loss of trade...
Shipping executives see tailwinds supporting LPG Executives are bullish on the versatile gas' future given Europe's energy crises and the shunning of Russian cargoes and say...
Renewables to overtake coal in power generation within years, IEA says The global energy crisis has triggered unprecedented momentum behind renewables, with the world set to add as much renewable power...
Travlos, Veniamis and Vafias head award-winners at 2022 Greek shipping awards The awards were presented in Athens last Friday night in front of a shipping industry audience of more than 1,000
Oldendorff buys into Alpha ORI Technologies Capt Unni agreed to an equity investor buying into Synergy Marine earlier in the year. Now he has brought in...
Smarter supply chains would cut shipping emissions, says Klaveness chief In one of the first interviews since taking over as chief executive of the Norwegian shipping company, Ernst Meyer tells...
Braemar sets up 10-strong Spanish tanker desk Experienced team will continue to be based in Madrid and will be employed by a new company wholly owned by...
Saverys family raises Euronav stake to 24% Having built up a near 24% stake in Euronav, the Saverys' shareholding continues to present a problem for Euronav's plan...
Seawing trials confirm average emission reduction of 20% With decarbonisation now an integral part of ship operators' thinking, many wind propulsion solutions are being offered. Airseas' chief executive...
Ocean Yield pens big bulk carrier newbuild deal While details are scant, the new 210,000 dwt bulkers are priced at $57.6m apiece and are booked for delivery from...
Port of Savannah to increase containership handling capacity Georgia Ports Authority Board approves remodeling plan to better accommodate the port of Savannah's container operations, after the fourth-largest US...
Marco Polo enters Japan's offshore wind market The Singapore-listed offshore vessel charterer and shipbuilding company's main market is Taiwan
GCMD calls for proposals to study offloading of shipboard-captured carbon dioxide In October, the Global Centre for Maritime Decarbonisation, the Oil and Gas Climate Initiative and Stena Bulk launched the world's...
Daily Briefing The Russian oil price cap - a shipping industry users' guide | EU and G7 states seek to resolve P&I...
ILA sees no disputes with port employers ahead of 2023 contract talks The head of the union representing East and Gulf coast dockworkers says relations with port employers are strong heading into talks over a new master contract that would begin next year.
Tackling the carrier side with tech (Sponsored) Sponsored: Alvys believes helping carriers will lead to supply chain breakthroughs.
Free time comes under scrutiny following pandemic port congestion As the shipping industry takes stock of the pandemic experience, extended "dwell time" of containers on terminals and the factors that contribute to that are coming under a microscope.
MSC drops JNPT call on India-US connection amid falling volumes Sources say all major liners are facing challenges finding enough cargo to fill export space allocations for India and, as such, freight rates are already at near pre-pandemic levels.
High stock levels, weak demand put CNY import rush in doubt The traditional increase in bookings for December and January shipments out of Asia is nowhere to be seen as importers in destination markets struggle with surplus stock levels and weakening demand.
Meeting Europe's modal shift to rail will top $500 billion: study Moving a significant share of Europe's inland cargo from road to rail will be costly and challenging, but it is achievable through better utilization of door-to-door combined transport, a new report has found.
Trans-Pacific recovery could be more than a year away: analyst Declining freight volumes and spot rates at pre-pandemic levels indicate the trans-Pacific will experience a "hard landing" in the coming months, an industry analyst said.
Ocean Alliance upsizes trans-Atlantic route amid rate strength Ocean Alliance members are shifting post-Panamax ships away from the trans-Pacific and Asia-Europe trades to the trans-Atlantic amid buoyant demand and rates.
Transportation hiring surge falls short in November Hiring expectations fell short across many transportation sectors in November, with real trucking employment dropping while warehousing firms and couriers added workers.
Intermarine partners with Thailand-based project specialist on new Asia JV US-based MPV operator Intermarine is expanding into Asia and Europe via a partnership with Thailand's WeShip.
Trailer makers boosting production as orders soar Stubbornly strong industrial output and pent-up demand are expected to keep pressure on trailer manufacturers to increase supply, even during a US economic slowdown.
No seasonal uplift as air cargo market deteriorates further Dismal November air cargo data has all but assured a weak end to 2022 with no sign of a seasonal uplift in demand or rate levels from an oversupplied market.
ONE the latest to open India-Middle East string amid trade boost signals An economic partnership agreement signed earlier this year between India and the United Arab Emirates is driving new trade opportunities, prompting ocean carriers to boost service between the two countries.
Turbo-charged logistics tech faces reckoning: analyst The unprecedented infusion of cash into supply chain technology development over the past two years was akin to putting the sector on a diet of steroids, writes JOC analyst Lars Jensen.
Trans-Pac service contracts renegotiated lower to reflect changed market Freight rates in many eastbound trans-Pacific service contracts have been renegotiated lower as carriers seek to prevent customers from bailing on them to take advantage of plunging spot rates.
Louisiana funds new transload facility for Port NOLA The short-line rail operator for the Port of New Orleans has received a state grant that will fund a new transload facility offering faster access to major highways.
US truckload spot rates sag in November in atypical move Several US truckload shippers say they are leery of using the spot market because they wish to maintain strong relationships with their trucking partners rather than be seen as transactional when the market flips in favor of carriers.
European lawmakers agree on shipping's Emissions Trading System Months of negotiations by Europe Union executive bodies over how shipping will be included in the Emissions Trading System have ended in agreement, with member states to have the final say in mid-December.
Software woes force Houston to delay start date of long-dwell import fee The Port of Houston, citing technology problems, is postponing the start date of a new fee that would penalize shippers who don't retrieve import containers after the allowable free time.
Heightened final-mile expectations drive investment into OneRail OneRail has channeled the need for shippers to access final-mile capacity and service level consistency into a large venture capital funding round.
Pandemic offers opportunity to improve US port flow All supply chains converge at the marine terminal, so facilitating and protecting fluidity through the terminal is the key to unlocking broader supply chain effectiveness, writes JOC's Peter Tirschwell.
Ocean carrier profits to tumble in Q4 slowdown: analyst Sharply falling rates and demand signal an end to the extreme profitability enjoyed by ocean carriers over the last two years, according to analysts.
Maersk, IBM shutter TradeLens in surprise move TradeLens' failure to gain traction after four years was due to several factors, not least of which was trying to convince ocean carriers and their customers to provide sensitive data to a technology platform partly owned by Maersk.
Rail shippers confident Congress will avert strike Trade groups representing railroads and shippers are confident Congress will act to prevent a potential strike in December, but that is not stopping them from discussing the stakes involved.
Ocean carriers struggle to match capacity with plummeting demand The ability of ocean carriers to manage their growing supply of excess capacity is becoming tougher by the week as supply chain bottlenecks ease and global economic headwinds strengthen.
New Kings Point superintendent to take office in historic moment for women at MarAd Joanna Nunan joins the Long Island academy after a career at the US Coast Guard spanning more than three decades
Cruise lines achieve robust bookings on Black Friday and Cyber Monday 'Our guests went on a shopping spree this weekend, and it wasn't at the mall,' Holland America Line president Gus Antorcha says
Maersk and Unifeeder butt heads in US court over Red Sea cargo loss Maersk is looking for $2.5m as cargo owners threaten action and one sues in Sudan
It was certain box run 'would not last forever', says Offen German container ship veteran says container shipping markets resemble pre-2009
Ship performance can be improved without sensors, says Nautilus Labs Combining traditional noon reports with data from similar ships can provide 62% of the benefits of high-frequency data
Greece's Meadway Shipping & Trading inks deal for eco bulk carrier at Tsuneishi The eco design vessel is said to cost the Greek shipowner around $38m
Oldendorff Carriers tears apart 'illogical' Carbon Intensity Indicator rules Research by bulker giant shows vessels actually emit more greenhouse gases when they take steps to improve their rating
'Special winter' ahead as crude ships stay out of clean trades, Ardmore believes CEO Anthony Gurnee tells TradeWinds he's happy to keep tankers trading spot for now in booming sector
BRS tips big fall in 'unsustainable' suezmax earnings from West Africa French broker says 'recent froth' on rates is set to disappear as production and exports decline
Scorpio Tankers cuts debt by $205m as it clears away 2025 bond New York-listed owner takes advantage of strong share price to wipe out convertible debt
Hot mess: ITIC pays out after temperature error leads to pastry problem UK insurer reimburses ship agent after refrigerated cargo was mistakenly booked at 18 degrees Celsius
Tanker boom will make energy transition easier for distracted owners, Ardmore's Gurnee says Product carrier boss believes work on decarbonisation can be done at the same time as day-to-day operations
'A real coup': Braemar boosts tanker power with takeover of Spanish broker UK shipbroker continues expansion amid sector consolidation
North Star secures $171m financing as it plans to build 40 offshore vessels Scottish owner aims to expand into European wind markets
It was certain box run 'would not last forever', says Offen German container ship veteran says container shipping markets resemble pre-2009
Greek owner Evalend breaks into product tankers amid latest newbuilding drive Kriton Lendoudis linked to a string of tanker and bulker orders at Jiangsu New Yangzijiang
Doubts hang over P&I cover for tanker linked to €25m Malta power cable break Power company begins legal proceedings against the vessel's owner
Hit list: Braemar expects to have other deals completed within six months Broker reveals it is constantly working on potential acquisition targets
Clarksons' Asia chief quits for fresh venture Long-time Clarksons Asia head Martin Rowe is quitting the London-listed brokerage for an undisclosed new venture
France's Zephyr & Boree lines up 10-ship order for green container ships Project to build wind and methanol-powered feederships for transatlantic service
KKR-owned Ocean Yield acquires 10 newcastlemax newbuildings for $576m Sale-and-leaseback company will charter vessels to a leading operator on delivery in 2025 and 2026
Singapore calls for proposals to develop zero-carbon ammonia bunkering Port Authority of Singapore says the move will support the development of the safety standards, regulations and the ecosystem needed
'A real coup': Braemar boosts tanker power in takeover of Spanish broker Medco's desk UK shipbroker continues expansion as sector consolidation continues
TotalEnergies nears renegotiation of 17 yard slots for Mozambique LNG Shipowners hover to learn if delivery re-jig will release any LNG carrier berths for 2026 delivery dates
GCMD study to tackle the offloading captured liquified carbon dioxide Study aims to help shape regulatory and operational guidelines for shipboard carbon-capture technologies
Marco Polo teams with K Line to target Japan wind market Singapore company continues to expand its footprint in Asia with deal with one of the world's largest shipowners
China Merchants orders up to six PCTCs as it makes big car carrier gamble Shipyards under China Merchants Heavy Industry are being roped in to build the new car-carriers
California pushes for further reduction of in-port ship emissions Pacific Environment wants California Air Resources Board to require zero emissions by 2040
CMA CGM buys New York/New Jersey terminal operations from GCT GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
Nissan, Ford test new Autostack system in 1991, transforming auto shipping 1991: The new system allows automobiles to move in regular intermodal containers instead of the multilevel railcards that now are the industry standard.
China Southern to list air cargo capacity on Freightos market China Southern Airlines has joined the Freightos air cargo booking platform. It's the first time an airline in China has participated in an online freight market.
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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