Nuclear sub espionage couple get lengthy prison terms Jonathan and Diana Toebbe, the Maryland couple arrested in Jefferson County, W.Va., by the FBI and the Naval Criminal Investigative Service (NCIS) in October last year, were sentenced today for conspiracy to
Detyens wins $22 million Military Sealift Command contract Detyens Shipyards Inc., North Charleston, S.C., has been awarded a $21,007,304 contract (N3220523C4017) for a 91-calendar day shipyard availability for the regular overhaul/drydocking availability of the Military Sealift Command's Henry J. Kaiser-class
Marine Log's FERRIES 2022 sees continued uptick in attendance Marine Log's FERRIES 2022 conference saw nearly 200 industry leaders and more than 40 sponsors enjoy two days of expert speakers on topics ranging from decarbonizing the ferry industry to funding those
BMS 1776: An SOV designed to be built in the U.S.A. Covington, La., based Baker Marine Solutions (BMS) has released details of the BMS 1776, a wind farm service operation vessel (SOV) designed specifically to be built in the U.S. and to be
Container shipping: It looks like the party's ending Easing supply chain bottlenecks at major U.S. ports may be good news for consumers, but not so much for containership operators. As we reported earlier, after container shipping giant Maersk reporting record
Markey Machinery secures growth investment Seattle-headquartered marine winch and deck machinery leader Markey Machinery reports that it has closed a growth investment with Christian Schiller and Brian Bogen. Markey will continue to operate from its current Seattle
Little Rock Deputy District Commander Major ChaTom "CT" Warren to be promoted Little Rock Engineer District Deputy Commander Maj. ChaTom "CT" Warren will be promoted to Lieutenant Colonel on November 14, 2022. Warren assumed duties as the Deputy District Commander of the Little Rock
Tugboat ammonia fueling project wins twin ABS AIPs With ammonia seen as a key future fuel for shipping, Chinese shipbuilder COSCO Shipping Heavy Industry Company has been exploring its use in four stroke engines. Those efforts have now seen ABS
Up to 800,000 seafarers will need additional training to meet decarbonisation targets A new action plan launched at COP 27 by UN agencies, shipowners and trade unions makes recommendations to upgrade seafarers' training to meet the shipping industry's decarbonisation targets. The research was conducted by maritime consultancy DNV and commissioned by the Maritime Just Transition Task Force Secretariat. The plan responds to the findings of new research, modelling of which warns that
Kalmar receives hybrid equipment order from French port maintenance operator Kalmar, part of Cargotec, has received an order of 12 Kalmar Hybrid Straddle Carriers for GMP (Générale de Manutention Portuaire) in Le Havre, France. After this order, GMP's fleet will increase to a total of over 50, of which 24 are hybrid straddle carriers. GMP, a port maintenance operator specialising in container management, ordered another 12 Kalmar Hybrid Straddle Carriers in 2020. The late
SeaLead, OOCL and TS Lines jointly launch East Africa - Asia service SeaLead, Orient Overseas Container Line (OOCL) and TS Lines will jointly launch a new service to connect India and United Arab Emirates with East Africa. The new service is expected to commence on 22 November as a weekly service with four vessels, of which SeaLead will operate two and OOCL and TS Lines one each. The rotation for the new service will be Nhava Sheva (India) - Mundra (India) - Jebel
ZIM to monitor its reefers through ORBCOMM's fleet management platform ZIM has selected ReeferConnect, a fleet management platform developed by the Internet of Things (IoT) solutions provider ORBCOMM, to monitor remotely its refrigerated containers. The Israeli box carrier will be able to access data from multiple types of original equipment manufacturer (OEM) and third-party telematics devices through ORBCOMM's platform, which is expected to enable ZIM to gain full
The history of container shipping Container transportation is now the most popular way of cargo movement and a critical pillar of the global economy, but back in the 1950s, it was just a thought. We will travel back to the creation of the "first container", the need for the "first container ship" and the historical development of the container shipping industry. 1766: Everything started in 1766, when James Brindley, one of the mo
CMA CGM launches recycling initiative in Indonesia CMA CGM has announced the start of Easy Recycling, an initiative to enable the group's customers with shipments to Jakarta, Indonesia, to dispose of used paper and plastic packaging. Clients who opt for Easy Recycling will unpack their cargo and leave their used packaging in returning containers heading for CMA CGM's depot in Cakung, Indonesia. The used paper and plastic packaging from the depot
MPC Container Ships to use zero44's CO2 management tools One of the largest container vessel owners MPC Container Ships will use zero44's digital CO2 management solution for its entire fleet. The Norwegian ship owner took its decision after a joint development and testing phase that began in February 2022. Zero44, created by Flagship Founders in May 2022, has developed a CO2 management software for merchant ships. The software focuses on the impacts of
Peel Ports, Unite reach agreed offer, strikes at port of Liverpool come to an end Peel Ports, the operator of the Port of Liverpool, and Unite, the British trade union, seem to have come to an agreement regarding the pay increase that port workers have demanded in the latest months. Although information about the deal between the two parties have not been disclosed, the strike actions, which have caused severe operation difficulties in the supply chain of the United Kingdom, a
HMM hits US$11 billion revenue, surpasses US$6.3 billion profit in 9M 2022 HMM has achieved strong financial results for the third quarter of the year, increasing revenue by 27.1%, compared to the same quarter last year, to US$3.75 billion and boosting operating profit by 14.5% to US$1.91 billion. For the same period, the net profit of the South Korean major container carrier reached US$1.91 billion, representing year-on-year growth of 13.3%. Additionally, for the perio
Liverpool port strike called off as union backs pay deal
CSBC and DEME joint venture lands Taiwanese wind farm installation contract CSBC-DEME Wind Engineering (CDWE), a joint venture between Taiwanese shipbuilder CSBC Corporation and DEME Offshore from Belgium has secured a contract worth more than €300m ($301m) for the Hai Long wind farms in Taiwan. The deal, which covers the transportation and installation of the foundations, turbines and offshore substation, follows nearly three years of planning ...
Rongsheng makes comeback as SPS Shipyard with Economou in for up to 14 bulkers One of the most famous shipyards from the previous boom and bust era of shipping is making a comeback. Jiangsu Rongsheng Heavy Industries is coming back to the market, rebranded as SPS Shipyard, offering owners a new, giant facility to place orders. The shipyard, located in the Yangtze River Delta, was founded in 2006, and ...
Sea/ acquires Polish software developer Setapp Digital shipping platform Sea/ has acquired Polish software development company Setapp. The Poznan-based company employs around 50 people that provide tech solutions to a number of maritime organisations. "Setapp will continue to provide services to third parties whose projects will be ring-fenced from any other work being executed," Sea/ said in a release. Sea/ added ...
France vows to boost spending on developing zero-emission ships France's secretary of state in charge of maritime affairs, Hervé Berville, has set aside €300m ($302m) under the government's France-Mer 2030 plan to get the country closer to building zero-emissions vessels. While only 12% of the ships used in France are built in the country, compared to 80% in 1980, Berville stressed at a conference ...
A.P. Moller Holding hires Chetan Mehta as it ups its investment goals A.P. Moller Holding, the parent company of the A.P. Moller Group, owners of the Maersk brand, has unveiled a new team focused on global growth equity investing, supporting the thematic approach focused on long-term mega trends such as global trade, demographic changes, the energy transition and circularity. Jan Nielsen, chief investment officer at A.P. Moller ...
Seaway 7 firms up Moray West wind farm contract Seaway 7 has confirmed a contract with Moray West Offshore Wind Farm for the supply and installation of the inter-array cables. The deal follows the letter of award to begin early work on the engineering, procurement, installation, and commissioning for the wind farm majority owned by the EDP Renewables and ENGIE joint venture Ocean Winds. ...
Up to 800,000 seafarers will require additional training to meet decarbonisation goals A new action plan, launched at the COP27 climate conference in Egypt by United Nations organisations, shipowners and unions, sets out recommendations to upskill seafarers to meet shipping's decarbonisation goals. The plan is in response to findings from new research, the modelling of which cautions that as many as 800,000 seafarers will require additional training ...
Briggs Marine expands into Japanese offshore wind sector with Mitsui and Hokutaku tie-up UK marine services company Briggs Marine has teamed up with Horizon Ocean Management (HOM), a joint venture between Japanese trading house Mitsui & Co and compatriot wind turbine maintenance firm Hokutaku, to offer services to the expanding offshore wind sector in Japan. The agreement will see both companies work together to provide pre-bidding development advisory ...
Falck Renewables to become Renantis Italian green energy company Falck Renewables is rebranding after its acquisition by institutional investors advised by JP Morgan Investment Management, through Green BidCo and subsequent delisting. The company will soon be known as Renantis - an abstract word inspired by the Latin one 'renovare', meaning to renew. The rebranding project was developed through a bottom-up process ...
J. Lauritzen exits Gram Car Carriers with $26m stake sale Danish maritime investment firm J. Lauritzen has sold its entire stake in Oslo-listed Gram Car Carriers for around $26m. The Lauritzen Fonden-controlled company offloaded some 1.63m shares, corresponding to a 5.69% shareholding at NOK 162 per share. Clarksons Securities and Pareto Securities acted as managers in the offering. Gram Car Carriers is the world's third-largest ...
Hyundai Heavy's new hatchless design rekindles memories of Nedlloyd's ships from the 1990s News that South Korea's Hyundai Heavy Industries (HHI) has developed a boxship design which requires no lashings or hatch covers has had container experts delving into the archives to question whether this new ship type will gain traction. HHI has removed the lashing bridge and hatch cover in its new design, which has been approved ...
Two liners seek listings in Hong Kong The container party might be showing signs of fizzling out, but that is not stopping a number of Asian liners seeking listings. TS Group, the parent company of TS Lines, has filed an application for a Hong Kong stock exchange listing, as has Chinese freight forwarder LC Logistics, parent of BAL Container Line. TS Lines ...
Maran Gas pays $253m for prized LNG slot at DSME Maria Angelicoussis-led Maran Gas Maritime is paying top dollar for a prized LNG slot at its favoured yard. The Greek owner has contracted Daewoo Shipbuilding & Marine Engineering (DSME) to build a duel-fuel 174,000 cu m LNG ship, paying $253m to secure a 2026 delivery. The ship will come with a shaft generator motor and ...
Shipyards look to plug the gap as two-horse newbuilding race runs its course Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes Stuart Nicoll from Maritime Strategies International. The global orderbook for all vessel types continues to rise during 2022, as the quantity of new orders outstrip deliveries. This is despite a trend decline in newbuilding contracting volumes over the last year. Ordering ...
Brazilian Association of Port Terminals accuses Maersk and MSC of exploiting their dominance The Brazilian Association of Port Terminals (ABTP) has officially asked the country's Administrative Council for Economic Defense (CADE) to investigate possible exploitation by Maersk and MSC of their dominant position in Brazil's maritime container industry. The association accuses the two carriers, which it says together transport 79% of containers along the Brazilian coast, of directing ...
Net closing in on shipping's greenwashed announcements at COP27 Amid the high-profile political pledges and green corridor hot air, there is increasing scrutiny and scepticism around greenwashed claims and...
Global Ship Lease unveils five-year charters for 10 boxships Third-quarter profit and revenue increase on fleet expansion and higher charter renewals
Ukraine constructive total losses could hit $1bn Claims set to land next February on first anniversary of Russian invasion, in biggest event to rock the war risk...
Capital Product Partners profit boosted by boxship sales Greece-based partnership sold two older container vessels for $130m in July, reportedly to MSC
Rescue of blacklisted tanker begins in Indonesia after US sanctions exemption US allowing transactions necessary for emergency repairs and to safeguard crew and environment after vessel ran aground near gas pipeline
LNG fuel uptake delaying Europe's clean fuel transition Analysis of FuelEU Maritime regulations finds that high cost and availability of alternative fuels also dragging on maritime goals
Net closing in on shipping's greenwashed announcements at COP27 Amid the high-profile political pledges and green corridor hot air, there is increasing scrutiny and scepticism around greenwashed claims and...
Global Ship Lease unveils five-year charters for 10 boxships Third-quarter profit and revenue increase on fleet expansion and higher charter renewals
Ukraine constructive total losses could hit $1bn Claims set to land next February on first anniversary of Russian invasion, in biggest event to rock the war risk...
Capital Product Partners profit boosted by boxship sales Greece-based partnership sold two older container vessels for $130m in July, reportedly to MSC
Rescue of blacklisted tanker begins in Indonesia after US sanctions exemption US allowing transactions necessary for emergency repairs and to safeguard crew and environment after vessel ran aground near gas pipeline
LNG fuel uptake delaying Europe's clean fuel transition Analysis of FuelEU Maritime regulations finds that high cost and availability of alternative fuels also dragging on maritime goals
Wilhelmsen targets Indian crews in push for 400 managed ships Methanol is coming but regulatory control is lacking, says Wilhelmsen Ship Management chief executive Carl Schou
Sovcomflot extends bond swap programme with second issue Sanctioned Russian tanker giant extends its programme of swapping Eurobonds for Russian bonds as a long-term fix to payment blocks
Liverpool port strike called off after pay offer gets backing After three strikes, industrial action due next week at the port of Liverpool has been called off. Dock workers will...
J Lauritzen cashes in on rise of Gram Car Carriers Share price of third-largest tonnage provider of vehicle carriers has risen by over 200% since listing on Oslo stock exchange...
Pelagic orders up to six CSOVs at Indian yard The two plus two plus two CSOV newbuilding order valued at more than $350m at the Cochin yard is expected...
Ship recycling sector marooned by lack of supply While demolition candidates remain few and far between, the recycling of two vintage VLCCs pushed the volume of recycled tonnage...
HMM warns of declining container demand Box demand is under pressure while improved congestion has increased vessel capacity, said the company
Samsung Heavy Industries stays in red due to production slowdown SHI blamed third-quarter losses on production slowdown and the impact on revenue due to the summer holiday
South Korean shipbuilders face worker shortage as fake document issue worsens The government has increased the number of work permits for the shipbuilding industry to a record 110,000 for 2023 and...
Seafarer gets 20 years in prison over fatal stabbing on boxship Judge described the attack as 'unusually heinous, cruel and brutal'
Daily Briefing China's logistics sector raises alarm over Guangzhou lockdown | Gard warns of deterioration in excess of $200m on previous pool...
Cosco's ammonia-fuelled vessel design gets ABS approval The research project focused on ammonia burning, ammonia-diesel, dual-fuel engines, ammonia fuel supply systems, exhaust gas treatment and onboard application...
M&As in US trucking, logistics cross 'asset lines' US transportation companies with cash on hand are acquiring asset-based truckers and non-asset freight brokers alike to add services and shipper customers and build network density.
Intermodal providers clawing to keep rail business in 2023 The aggressive moves by intermodal providers to keep business with lower pricing come after North American domestic intermodal demand fell 10 percent between March and September.
Creating Sustainable Advantage (Sponsored) Sponsored: Mark Yeager, CEO of Redwood Logistics, discusses the obstacles that need to be overcome for the possibility of a solid supply chain recovery in 2023.
Demand slowdown overshadows capacity cuts on Asia-Europe There appears to be little that ocean carriers can do to stem an Asia-Europe spot market in free-fall as economic conditions deteriorate and freight volumes continue to soften.
'Considerable uncertainties' likely to dampen container demand: HMM The carrier said it aimed to tackle the challenging outlook by securing high-yield cargo to maximize profitability and improve operational efficiency to cut costs.
Air cargo CEOs predict first-quarter recovery in volume The global air cargo industry is flying into bracing headwinds, but airline CEOs remain largely positive that demand will return early next year.
Canada port modernization lays groundwork for legislation Canada is reconsidering how its port system operates in the wake of disruption tied to the pandemic and amid inland hub congestion putting upstream pressure on its Pacific Coast ports.
A Fleet Enable first: AI comes to final-mile shipment loading Capacity Optimization automates truck assignment, every order a success
Tidewater sees stock price drop after issuing shares to cover Swire Pacific buy Houston offshore vessel owner bought Swire Pacific Offshore in April, adding 74 ships to its largest-in-the-world fleet
Pangaea Logistics hikes dividend and turns another profit in softer market Pangaea rode strong performance from its Arctic ice-class fleet to win a 41% premium to market rates
Premiums pay as eco VLCCs with scrubbers see spot earnings burst past $100,000 per day Trafigura scores lucrative fixture to Kuwait Petroleum for scrubber-fitted ship
Capital Product Partners considers capesize bulker 'prime candidate' for sale Market value for 179,221-dwt Cape Agamemnon (built 2010) has declined since late May
GSL prepares for 'uncertain times' with forward charters of 10 container ships Profits rise but focus is on resilience, says executive chairman George Youroukos
Analysts bump up International Seaways target on forward bookings New York tanker owner sets second consecutive quarterly profit, but per share earnings falls short of Wall Street expectations
UBS Group cashes in $11m slice of tanker giant Frontline Swiss investment bank takes advantage of massive jump in stock price this year
More Petrobras tenders set to tighten offshore vessel supply elsewhere Brokers believe Brazilian business will lure ships out of North Sea markets
OljOla Shipping teams with Stena for new methanol bunker tanker Swedish companies to build a 2,000-dwt vessel in Turkey that will also supply biofuels
UK P&I Club to raise rates by 10% Leading mutual insurer is asking for additional premium from its members
Capital Product Partners profits soar after fleet growth and container ship sales Evangelos Marinakis company benefitting from 'strategic' expansion
How do you train 800,000 seafarers to use new fuels when you do not know what they are? The question of where to start in upskilling crews to work safely with alternative fuel technologies starts now
Green Seas: This decarbonisation tech is bubbling up into the mainstream Our environment newsletter explores how the world's largest cruise ship owner has joined a growing list of air lubrication adopters
Royal Caribbean giant goes from icon to 'human lasagne' Social media may have changed the perception of the world's biggest cruise vessel forever
Shipowner acts to block 'rendition' of Heroic Idun crew to Nigeria The tanker is at the centre of an oil theft investigation after leaving a Nigerian terminal without loading because of piracy fears
Up to 800,000 seafarers will need alternative fuel training by mid-2030s Upskilling needs to start now to ensure crews can handle lower-emission fuels
Far East yard crisis fuels 'rising fears' over future of container ship newbuilding deals Yards are concerned owners may use late deliveries to walk away from orders in poorly performing markets
Trafigura takes cover with Okeanis and Colonial tanker charters Term rates are holding at stable levels as trader fixes more ships
Record newbuilding prices paid for LNG carriers at DSME South Korean shipbuilder signs up favoured customers for two of its coveted 2026 delivery slots
Peak profits consigned to the past as HMM warns of easing container market Pressure of markets bears down on carrier in third quarter
Clarksons' Sea/ expands again with takeover of maritime software outfit Setapp Vessel fixture platform secures development power with second deal in a month
CMA CGM will spend another $1bn on methanol container ships, says Saade French liner giant is ready to double order for green vessels in China
Insurer Gard calls for consistency as governments finalise Russia sanctions US, UK and Europe are drawing up sanctions legislation separately
Lauritzen is long-term investor but quick Gram deal was 'pure profit-taking' Kristian Morch reveals opportunity to cash in on car carrier investment was too good to miss
Danaos sells final tranche of shares in liner carrier Zim CEO John Coustas flags prospect of further drop in container markets
Sovcomflot selling more Russian bonds as it tackles sanctions roadblock Russian state shipowner launching second replacement tranche after running into payment problems in Ireland
Could Maersk be the new Musk with DIY clean fuels strategy? Oil companies must raise their game if they do not want to get left behind in shipping's future fuels markets
Hartmann-Abou Merhi fund behind pioneering $352m CSOV order in India Pelagic Partners launches third fund with first deal for wind farm vessels at Cochin Shipyard
Economou's Cardiff Marine inks LOI for 10 bulker newbuildings at 'dormant' shipyard Former Rongsheng CEO David Luan is said to be leading the comeback of the once-largest privately owned Chinese shipbuilding company
J Lauritzen banks huge profit after selling out of Gram Car Carriers Danish bulker operator and investor cashes in on red-hot car carrier markets
Briggs Marine targets Japan's offshore wind market with new joint venture UK firm identified Japan as the most appropriate market to establish a presence within the rapidly evolving Asian renewable sector
Up to 800,000 seafarers will need alternative fuel training by mid-2030s, says taskforce Upskilling needs to start now to ensure crews can handle lower-emission fuels
Singapore yard may have quit US over cost overrun fears on $1.8bn order Analysts say project was already running well behind schedule and was a drag on company results
Florida ports close as Nicole nears Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.
Antonov to rebuild Mriya, world's largest cargo aircraft The Ukrainian aircraft manufacturer Antonov said it expects rebuilding the aircraft destroyed by Russian fighters to cost at least 500 million euros.
Boeing says 60% more freighters needed by 2041 to support air cargo Boeing on Wednesday issued a bullish 20-year outlook for the freighter jet 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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