EPF marks acceptance and autonomy double milestone PEO Ships reports that the the future USNS Apalachicola (EPF 13) Spearhead-class expeditionary fast transport has successfully completed acceptance trials and unmanned logistics prototype trials. Acceptance trials consist of a series of
Northern Xplorer signs LOI for zero-emissions cruise ship Recently established Norwegian cruise company Northern Xplorer has signed a letter of intent (LOI) with Portuguese shipbuilder West Sea for what will be its first ship - and the world's first zero-emissions
NTSB says electrical fault likely caused $500,000 fishing vessel fire The National Transportation Safety Board has released a report on its investigation of a Nov. 10, 2021, fire aboard the 85 foot long fishing vessel Blue Dragon. No injuries or fatalities were
ZEI gets backing from Chevron New Energies and Crowley Maritime hydrogen fuel cell specialist Zero Emission Industries (ZEI) has announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from
CN Photo Project: The Picture of the Week Container News wants to thank you all for your participation in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Week"! Title: Tyndall at Terminal 18 Seattle WA in North Harbor - Photo taken by Thomas Carroll Be part of the CN Photo Project and stay tuned to see your photo posted on Contain
CMA CGM starts new MEDGULF service to connect West Med with US Gulf and Mexico CMA CGM has announced the launch of its new MEDGULF service, aiming to offer full coverage from West Mediterranean to US Gulf and Mexico. The service will commence at the end of September and will be operated by six container vessels. The port rotation of MEDGULF service will be Tanger (Morocco), Genoa (Italy), Valencia (Spain), Miami (US), Veracruz (Mexico), Altamira (Mexico), Houston (US), Tang
India looks to build 300 rail-linked freight terminals in five years The government of India has announced a liberalised public land leasing policy for investors seeking to bid on rail-linked freight terminal projects. The policy update is part of New Delhi's flagship "Gati Shakti" scheme, designed to provide multimodal connectivity infrastructure support to various economic zones. Under this programme, launched in 2021, the authorities are targeting to build 300
Chittagong port destroys containers to free yard space To free Chittagong port's yard space as well as the containers which remained occupied for long time, the Chittagong Customs started destroying cargoes of a number of boxes this week. The customs authority has already destroyed cargoes of 63 containers in the last two days and will destroy cargoes of 382 more containers from Sunday, 11 September. These containers were brought to the port between
Port of Antwerp-Bruges and duisport agree long-term partnership Port of Antwerp-Bruges and duisport signed a long-term cooperation agreement on 8 September with the chief executive officers of the two ports, duisport CEO Markus Bangen and Port of Antwerp-Bruges CEO Jacques Vandermeiren, sealing the far-reaching partnership in the presence of Flemish Prime Minister Jan Jambon. "Our ports have a key role in their regions as leading logistics and industrial cent
Hapag-Lloyd, Bolloré Logistics ink biofuel agreement to reduce GHG emissions Hapag-Lloyd and Bolloré Logistics have recently signed an agreement to promote the use of marine biofuel and contribute to the reduction of their maritime greenhouse gas (GHG) emissions. This commitment, starting on 1 September, for a weekly allocation of 100 TEUs transported with biofuel, will allow a reduction of around 1,500 tons of CO2 emissions in well-to-wake by the end of the year. Advance
MABUX: No upward drivers in the global bunker market so far "Over the Week 36 MABUX global bunker indices showed a moderate decline," noted Sergey Ivanov, director of Marine Bunker Exchange (MABUX). The 380 HSFO index fell by US$20.05 last week, the VLSFO index fell by US$22.56 and the MGO index lost US$16.75. The Global Scrubber Spread
Jinhui Shipping forks out $50.75m for pair of ultramaxes Chinese bulker operator Jinhui Shipping and Transportation has purchased a pair of 2014-built ultramaxes from Japanese owner Nisshin Shipping for around 25.37m each. The 63,518 dwt Western Santos will deliver to Jinhui's subsidiary Jinheng Marine between September 15 and December 30 this year, while the delivery of the 63,469 dwt Hanton Trader I to another ...
Rem Offshore secures seismic vessel charter Norwegian offshore vessel owner and operator Rem Offshore has secured a contract from US-based surveyor SAExploration for the seismic vessel. The deal will see the 2012-built vessel utilised for 100 days firm and will give SAExploration further options to extend the charter. No further details have been disclosed. The vessel departed from Bergen end-August ...
Advice to merchant shipping from the men behind the cruise sector's first zero emissions vessel Battery and hydrogen fuel cell technology exist today to take merchant shipping to zero emissions, it just needs the hand of government, charterers and some pioneering shipowners to make it happen. That's the message from two men responsible for one of the big announcements from the giant SMM shipping exhibition in Hamburg this week. Splash ...
Standard Supply upbeat on offshore rates with new UK licenses on the horizon Norway's Standard Supply is optimistic about the offshore sector after seeing an increase in utilisation and earnings last month and new oil and gas licenses on the horizon in the UK North Sea. The Oslo-listed offshore vessel owner, majority owned by Øystein Stray Spetalen's investment vehicle SD Standard ETC, achieved a utilisation of 97% and ...
New UK walk-to-work solutions firm launched A new walk-to-work solutions provider has been launched in Aberdeen aimed at helping North Sea operators optimise their offshore campaigns. Combining the expertise of Interocean Marine Service and Walk2Work, a new company called Walk2Work Solutions (W2W Solutions) has been formed to help optimise offshore campaigns through the supply and management of additional personnel on board ...
Greathorse completes chemical exit Greathorse Shipping's sell-off of its chemical division has been completed. Multiple broking reports show the China-based owner and operator, part of Graham Porter-led Tiger Group Investments, has offloaded five ships for $180m en bloc. Four 25,000 dwt tankers and one slightly smaller 20,000 dwt tanker are reported sold, all built in Japan between 2016 and ...
Design approval sealed for DSME's ammonia-powered VLCC Korean yards offering ammonia-fuelled ship designs are growing in number. At Gastech this week in Milan, class society Lloyd's Register (LR) awarded Daewoo Shipbuilding & Marine Engineering (DSME) design approval for an ammonia dual fuel 300,000 dwt VLCC. The VLCC, designed as part of a joint development project between DSME and MAN Energy Solutions which ...
Ship finance barometer shows first uptick for 11 years The Petrofin Index for Global Ship Finance, a key barometer for the sector, showed its first uptick in 11 years, in an annual report issued from Athens this week. The index, which commenced at 100 in 2008, was up by one point to 63 for results tallied for last year. Moreover, the top 40 banks' ...
MSC reroutes ships further south of Sri Lanka to protect blue whales Mediterranean Shipping Company (MSC) is urging its peers to follow its lead and alter their routes when transiting near Sri Lanka in order to protect endangered blue whales who live and feed in the area. MSC, the world's largest containerline, began in mid-2022 to voluntarily re-route its vessels passing by Sri Lanka, on a new ...
Compressed hydrogen-fuelled roro project moves ahead Aurelia Green Ship Concept Design has unveiled a new design with 100% hydrogen propulsion. Approval in principle has been issued by Italian class society RINA at SMM in Hamburg, a busy shipping show where the industry has been given plenty of glimpses of its green future. The new design concept is the ACD01 1000, a ...
DHT announces 100% of net income as new dividend policy DHT Holdings, the New York-listed tanker giant, yesterday announced a new dividend policy with 100% of net income being returned to shareholders in the form of quarterly cash dividends. The new policy will be implemented from the third quarter of 2022. Svein Moxnes Harfjeld, president and CEO, stated: "The key considerations behind the new policy ...
WinGD and Alfa Laval team up to bring methanol engines to market Alfa Laval and Swiss engine designer WinGD have established a joint programme in which Alfa Laval will develop the fuel supply system for WinGD methanol engines. The agreement was signed yesterday at the SMM exhibition in Hamburg where many industry collaborations have been hatched this week to help shipping on its path to decarbonisation. WinGD ...
Amplify Energy reaches agreement with State of California, resolving all matters associated with 2021 oil spill Amplify Energy Corp., the Houston-based oil and gas company that owns the pipeline that leaked about 25,000 gallons of oil offshore Huntington Beach, California, in October last year, has reached an agreement with the State of
Shipping looks to leverage maritime allies in UK government The new UK government features a list of ministerial appointments with maritime experience and a track record of dealing with...
Box shipping's party draws towards an end After a two-year frenzy, the container shipping market is showing signs of normalisation. The question now is, how it will...
SMM's decarbonisation message carried on by Lloyd's List webinar No one yet knows what IMO will agree next year, but there's much that can already be done to make...
Navios Holdings eyes growth for logistics business New owner of Vale mines in central Brazil is expected to increase ore throughput at Navios port
Marlink plans satellite connectivity trial for maritime A network of low earth orbit satellites is planned to cover all sea areas, even in polar regions poorly served...
IMO leads industry tributes to Queen Elizabeth II "Her Majesty's dedication and service will continue to inspire everyone and will always be remembered," said IMO secretary-general Kitack Lim
Regional box trades showing strength as main lanes falter Weakness in the main import trades to the US and Europe is dragging down rates. But activity in Asia indicates...
ABS gives backing to DSME's very large LC02 carrier design DSME plans to develop new materials for LCO2 carrier cargo tanks and develop new ship designs that can increase shipowners'...
Yangzijiang seals LNG tank systems deal at GTT Yard will focus on building up its track record in the LNG space as the new partnership helps to provide...
Will regulatory correction end the golden age of Chinese leasing? China's far-reaching anti-corruption campaign and a regulatory crackdown on domestic tech and real estate sectors have created apprehension about an...
DSME reaches 75% of new order target LNG carriers make up the majority of newbuilding orders at the shipyard this year
Daily Briefing Citic Leasing shipping head targeted by Beijing's anti-graft watchdog | World Shipping Council says China-led decarbonisation plan won't work |...
Al Seer Marine aims to raise dry bulk capacity to 5m tonnes Integrated shipping company recently acquired four vessels from sanctioned Russian tanker giant Sovcomflot to expand its fleet
Shipping's China syndrome: Demand sinks across multiple cargo markets Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?
Sagging air cargo market shows turnaround potential The airfreight sector remains chaotic, but a better-than-expected August is spurring optimism for solid results during the busy shipping season.
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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