Construction of plug-in hybrid research vessel underway at Snow & Company Snow & Company, Inc. of Seattle, Wash., has recently started construction of the R/V Resilience, a 50-foot plug-in hybrid research vessel being built for the Department of Energy's Pacific Northwest National Laboratory
DDG 120 completes acceptance trials The future USS Carl M. Levin (DDG 120) successfully completed acceptance trials on December 9, returning to General Dynamics Bath Iron Works (BIW) shipyard flying three brooms signaling clean sweeps of important
Keppel O&M delivers second dual-fuel Van Oord TSHD Keppel Offshore & Marine Ltd (Keppel O&M) subsidiary Keppel FELS has delivered the second of three dual-fuel trailing suction hopper dredges to Dutch maritime company, Van Oord. Named Vox Apolonia, its green
EU funds Air Liquide, Fluxys Belgium, Port of Antwerp-Bruges for CO2 export facility building Air Liquide, Fluxys Belgium and Port of Antwerp-Bruges awarded European Union's funding for building the Antwerp@C CO2 Export Hub. The EU Commission announced it will grant Air Liquide, Fluxys Belgium and Port of Antwerp-Bruges US$152.35 million under the Connecting Europe Facility for Energy (CEF-E) funding programme. The funding is earmarked for the construction of shared CO2 transport and expo
Jordan's container terminal get PERS-certified The European Sea Ports Organisation (ESPO) congratulates Aqaba Container Terminal in Jordan for being certified through the EcoPorts' environmental management standard (PERS). Aqaba joined the EcoPorts' network in 2013 and is PERS-certified for the third time, demonstrating the efforts of the Jordan port in protecting the Jordanian coast of the Gulf of Aqaba, Red Sea marine ecosystems. Isabelle R
Fire breaks out again in Chittagong's BM Container Depot A fire broke out at the BM Container Depot in Chittagong on Tuesday (13 December) afternoon at a jute godown. A huge volume of jute was kept there for exporting abroad. Three fire fighting units had to work nearly one and a half hours to douse the fire. Also, the depot's own fire fighting unit worked to extinguish the fire. Firefighting personnel is now working to find out the reasons behind the
Port of Felixstowe introduces autonomous terminal tractors into container terminal operations Hutchison Ports-operated Port of Felixstowe is one of the first ports in Europe to introduce autonomous terminal tractor units (ATs) into mixed-traffic container terminal operations. The first two battery-powered units to enter service at the UK's largest container port have been supplied by manufacturer Westwell. Clemence Cheng, chief executive officer at the Port of Felixstowe, commented, "Thes
Spectainer, Nexxiot partner on container real-time visibility solutions Spectainer, a shipping solutions provider, has partnered with shipping technology firm Nexxiot to enable real-time visibility of their entire fleet of COLLAPSECON containers. COLLAPSECON are intermodal boxes that cleverly fold up using a fully-automated station so that each empty unit can be collapsed independently and then combined to form a single shipping container. This approach is going to s
AD Ports launches Khalifa Port's US$1.1 billion expansion project The president of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, has inaugurated Khalifa Port's expansion, a development project with a total investment of US$1.1 billion (AED 4 billion). The project is expected to support AD Port Group's goal of increasing the container handling capacity of Khalifa Port to 15 million TEUs per year and the general cargo handling capacity to 25
Ports of Antwerp-Zeebrugge and Nagoya ink cooperation deal The Belgian Port of Antwerp-Zeebrugge and Japan's Port of Nagoya signed a renewed cooperation agreement to further expand their trade relations and deepen their collaboration. The agreement was signed on 7 December, while the Port of Antwerp-Bruges is participating in the princely economic mission to Japan this week. In this context, a Sisterport/Partnership deal was signed on 7 December by Jacqu
Seoul to help shipping lines acquire port assets through KOBC South Korea's state-backed ship finance institution Korea Ocean Business Corporation (KOBC) is set to help compatriot liner operators to acquire port and terminal assets. On 12 December, lawmaker Ahn Byung-gil introduced a bill to amend the Korea Ocean Business Corporation Act so that the finance institution can add port development and port hinterland development projects to its portfolio. Ahn,
Interasia doubles newbuilding tally to half-dozen Interasia Lines, the privately owned container shipping company of the Chen family that is behind Wan Hai Lines, has exercised options for three more 3,055 TEU ships at Japan's Nihon Shipyard, adding to the three vessels that were ordered earlier in April. The trio ordered this month will be delivered in July 2025, while the vessels ordered earlier will be delivered in January 2025. The Singapore
CLA negotiations underway at APM Terminals Maasvlakte II, operations affected by industrial action Collective Labour Agreement (CLA) discussions are currently taking place between the unions and the APM Terminals Maasvlakte II at the port of Rotterdam in the Netherlands. A. P. Moller - Maersk, the parent company of APM Terminals, said that negotiations started on 8 December, and operations are affected by a "go-slow action" as of 11 December. The industrial action consists of a reduced number
XSTAFF to open new location in Germany The logistics service provider XSTAFF GmbH will open a new location in Hamburg, Germany on 1 January 2023, taking account of the continuous growth of recent years. According to XSTAFF, the new premises are located directly on the Elbe River, in the immediate vicinity of the Port of Hamburg. The new location will be managed by Antonios Rigalos, a member of the executive board and chief growth offi
Turkey joins ICS governing body Turkey's growing maritime industry is set to take a bigger role in the development of professional shipbroking standards following its admittance to the Institute of Chartered Shipbrokers (ICS) governing body. The London-headquartered ICS provides globally recognised professional qualifications for brokers, agents and managers. It becomes the 27th branch member of the 111-year-old organisation. I
MPC Container Ships cashes in on joint venture vessel sales and early redeliveries MPC Container Ships (MPCC) is optimising its portfolio with a sale of two Bluewater Holding Schifffahrtsgesellschaft joint venture vessels and a compensation deal for an early redelivery of a long-term time-chartered pair. The Oslo-listed container tonnage provider is offloading the 2003-built 2,824 teu and 2006-built 2,742 teu . The vessels will deliver in December this ...
MSC and Ports America come onboard $1.8bn Port of New Orleans box terminal project Terminal Investment Limited (TiL), the ports unit of the world's largest container carrier Mediterranean Shipping Co (MSC) and port operator Ports America have joined the Port of New Orleans (Port NOLA) and the State of Louisiana to build a $1.8bn container terminal on the Lower Mississippi River. The new Louisiana International Terminal (LIT) project in ...
Felixstowe agrees pay deal with staff A pay dispute between around 1,900 dockworkers at UK's top container port Felixstowe and operator Hutchison Ports has ended. The port said 90% of workers had voted to accept an 8.5% pay increase plus a £1,000 bonus from January next year. The deal comes after two rounds of strikes took place at the port on ...
Euronav merger hits the buffers with the Saverys family attaining a 25% stake The year's great tanker merger saga has taken a new turn. The Saverys family have purchased another 2.04m shares in Euronav taking their stake in the Antwerp tanker giant to 25%, effectively giving them the power to block a merger with John Fredriksen's Frontline. Fredriksen has been building a leading stake in Euronav for more ...
Ocyan scores Petrobras rig contracts Brazilian offshore service provider Ocyan has inked new contracts with compatriot oil giant Petrobras for three of its drilling rigs. The contract awards follow Petrobras' tender for high-specification rigs under which Transocean, Diamond Offshore and Constellation also emerged as winners. Ocyan's deal will see the 2010-built semisub Norbe VI and the 2012-built ultra-deepwater drillships ODN ...
Esben Poulsson: Maritime matters Many of his peers in their eighth decade of existence might quite reasonably have reached for the slippers and cocoa. Not so the indefatigable Esben Poulsson who maintains his day job heading up Singapore operations for Greek owner Enesel. He has also recently taken on two more board positions so he now sits on a ...
Diana Shipping takes reduced rate for SwissMarine post-panamax charter extension Greek owner Diana Shipping has agreed a time charter contract extension with Singapore's SwissMarine for one of its post-panamax bulkers at close to 24% rate cut compared to a deal struck end-November last year. The Semiramis Paliou-led bulker owner said the 2010-built will continue with SwissMarine from December 27 earning $13,000 per day, a dayrate ...
Dubai's Teodor Shipping snaps up its first VLCC Dubai's Teodor Shipping, a relatively young shipowner with a fleet of 14 tankers and a bitumen vessel, has snapped up its first VLCC. Sources tell Splash that the Dubai-based owner is behind the most recent sale in the segment, a deal that was sealed at the beginning of the month, some days before the European ...
Bidding opens for oil and gas blocks offshore Guyana Guyana has opened the bidding period for 14 offshore oil and gas blocks, originally announced in November. The government anticipates awarding contracts by May 2023, after bidding closes on April 14. The awards "will follow negotiations and evaluation of the bids that we received during this bidding round," said Guyana's president Irfaan Ali on Facebook. To ...
Braemar launches Greek finance desk British broking house Braemar has launched a corporate finance desk in Athens led by Stefanos Fragos who has joined from alternative finance provider Yieldstreet. In a release Braemar said the Greek expansion was in response to a "clear need" in the market from shipowners in Greece and the Mediterranean for expert counsel in the equity ...
Mark O'Neil reelected president of InterManager Mark O'Neil, CEO of Columbia Shipmanagement, has been given another term as president of InterManager, the association for shipmanagers. O'Neil vowed to increase membership further at the association, encouraging in-house shipmanagement teams to join alongside third-party ship and crewmanagers. O'Neil commented: "The maritime world is evolving quickly in this post-pandemic era and shipmanagers ne
IMO again fails to make progress on tougher emissions targets More than 50 IMO member states spent nearly two days exchanging general statements without progress on moving to net zero...
The Lloyd's List Podcast: Shipping is not moving quickly enough The annual Lloyd's List Outlook Forum offers the last word on the forces shaping shipping right now, but the common...
Dockings and interest costs take toll on Dynagas Partners profit Sanctions have so far 'broadly exempted' LNG business
P&I clubs move to settle Bosporus standoff Russia's largest insurer has no plan to fill breach left by sanctions ban on underwriting vessels carrying crude exports priced...
Poor weather and power cuts bring Ukraine export hubs to a halt Compliance issues, poor weather and Russia's alleged efforts to slow activities has kept traffic far below the peak levels seen...
Shipping sectors face differing fortunes in year ahead While tanker markets will continue to firm, the containership sector could face further weakness, and dry bulk will probably end...
Hapag-Lloyd not concerned about large boxship newbuilding backlog Hapag-Lloyd will take advantage of downturn in container markets to conclude its vessel efficiency retrofit programme as it takes delivery...
Charterers face rebuke for 'disappointing' CII clause pushback There should be a partnership between charterers and owners, but there isn't really, according to an owner
China eases Covid rules at ports Crew changeovers in China are expected to become easier although some significant barriers remain in place
DSME exceeds annual newbuilding sales target South Korean rival Samsung Heavy Industries also enjoys strong sales this year, boosted by liquefied natural gas carrier newbuilding orders
Oman's Asyad Shipping opens Singapore office Asyad Shipping operates a diversified fleet of more than 70 vessels with a total capacity of 8m dwt, including VLCCs...
Daily Briefing Søren Skou's timing is spot on to step down | Ukraine rails against Russia at IMO | What has changed...
FMC seeks extended powers to block deals between lines and terminals Under current laws, the Federal Maritime Commission must file an action with the courts to block an anti-competitive agreement from...
Port of Felixstowe agrees 2023 pay deal The prospect of more strikes at the port of Felixstowe appear to have been averted after Unite union workers voted...
Saverys reaches merger-blocking 25% stake in Euronav The Saverys family now have sufficient shareholder control to block a full merger between Euronav and Frontline, and while both...
US truckload costs to fall until late 2023: 3PLs Falling spot truckload rates may hit bottom in the first quarter of 2023, followed by contract rates later in the year, if forecasts from third-party brokers hold true.
Ports America, MSC to invest $800 million in proposed New Orleans terminal The largest US terminal operator and biggest carrier on US ocean trades are putting their weight behind a mega terminal in New Orleans through a public-private partnership with the state of Louisiana.
US intermodal shippers weigh spot vs. contract option heading into 2023 Domestic intermodal shippers are paying less on the spot market than under contracts in several key outbound West Coast lanes, but riding the spot market deep into 2023 is a gamble that may or may not pay off.
Felixstowe pay deals end months of labor action Dockworkers at Felixstowe have agreed to pay deals covering this year and next, closing the door on a campaign of industrial action at the UK port that began over the summer.
Eagle Bulk names new finance chief as Frank De Costanzo steps down Chief strategy officer Costa Tsoutsoplides to step into CFO chair at Connecticut bulker owner
MPC Container Ships bags $77m from sales and early charter redeliveries US liner operator Pasha coughs up to redeliver MPCC boxships two years ahead of schedule
'Here we are once again': Marshall Islands disappointed that IMO won't adopt zero-carbon goal now Island nation and leading flag state has been urging the IMO to see the urgency of climate change since 2015, official says
Best of the rest in shipping's carbon grades sees gainers and fallers Maersk, Swire, Evergreen and Wan Hai all improve their Carbon Disclosure Project ratings, but Royal Caribbean and Odfjell got lower grades and many others stood still
Room to run: Jefferies sees more gains for tanker owners despite 2022 run-up Ukraine disruption and historically low orderbook should propel listed owners like Scorpio Tankers and Frontline to further gains
Thenamaris piles up tanker sales amid shake-out of older fleet Major Greek player has divested a dozen tankers so far this year
Shippers becoming more willing to pay for net zero - but not much more Second survey by Boston Consulting Group shows cargo owners increasingly accept need to pay for green shipping and opportunities arising for first mover operators
Empire Bulkers chief engineer wins rare pollution victory in US Warlito Tan prevailed against prosecutors in a federal court despite his employer's guilty plea
Saudi giant Ajlan & Bros moves into shipowning with Bahri deal New joint venture will see tanker company managing new vessel fleet for industrial conglomerate
'Can't be right': CII a headache for complex chemical carrier trades, Stolt Tankers says Stolt-Nielsen company wants reforms to IMO efficiency measure that it believes penalises sector
Don't go 'overboard' on box market correction, says Habben Jansen Bookings are picking up and volumes are rising, says Hapag-Lloyd boss
Dynagas LNG Partners eyes European FSRUs' business for its steam ships Company has pre-paid part of a loan to remove Russian lender from syndicate
NYK and K Line still only two shipping groups to get A grade on carbon action Japanese carriers are sole representatives getting top grades from 'gold standard environmental transparency' agency the Carbon Disclosure Project
IMO searches for new secretary general to replace Kitack Lim Council meeting agrees electoral process to appoint a new leader at shipping regulator in 2024
Louis Dreyfus plans FRESH hydrogen storage vessel for 2025 French group working with Korean Register to develop green fuel concept
Bosphorus P&I impasse resolved, allowing tankers to pass through strait Turkish authorities confirm compromise has been found over additional assurances
World first: yards to quote on Provaris hydrogen carriers after ABS approval Clarksons brought in to identify suitable shipbuilders for new compressed gas ships
MPs criticise UK oil price cap body for poor performance Sanctions investigators have imposed financial penalties in just 1% of cases where a breach has been reported
Tanker sting: world facing acute diesel shortage but will China boost exports? Product carrier demand could be hit if major producer chooses to keep more fuel to itself
International Group warns owners over Russian pollution costs Multiple ship-to-ship transfers could become common to hide source of Russian oil
ENI's Coral FLNG offloads a first full cargo into BP LNG carrier Mozambique floater starts to gear up its operations one month after initial part cargo export
US challenges the IMO to take a hard line on carbon goals Governments are moving toward an agreement on a new decarbonisation target, but splits remain
Libya lifts production force majeure in potential boost for crude tankers Exports could rise as government tries to lure back international oil companies
BW Group drops below 50% control of BWEK as J Lauritzen adds shares Danish shipping investor increases LPG carrier exposure after selling out of Gram Car Carriers
Maran Gas Maritime eyes up pair of LNG carrier options at DSME Signs are that Greek owner is poised to swoop on berths at favoured shipbuilder
Stamford Shipping buying two MR2 tankers from Ethiopian Shipping Purchases will boost the number of MR2s bought this year by the Singapore-based shipowner to six
Stamford Shipping is buying two MR2 tankers from Ethiopian Shipping Purchases will boost the number of MR2s bought this year by the Singapore-based shipowner to six
Spanish yard wins $64m contract for hybrid tender vessel from UK's NLB General lighthouse authority for Scotland and the Isle of Man describes its newbuilding as a 'step change'
Belgian block: Saverys family reaches key 25% Euronav stake in merger war With merger in peril, other forms of combining two huge owners are still in play as consolidation drama continues
Road accident kills four Maine Maritime Academy students Three students are also injured after Range Rover hits tree and bursts into flames
DHL Express opens new freighter route to Dominican Republic DHL Express is responding to demand for e-commerce with the addition of a new cargo route - this time to the Dominican Republic.
Volume decline gives Port of Savannah operators a breather The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
Q&A: CargoX COO sees TradeLens' failure as learning opportunity Blockchain technology provider CargoX believes skeptics shouldn't be bystanders in the creation of global shipping data standards.
Freightos unit adds digital booking for North America LTL freight 7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
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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