American Cruise Lines starts construction of third Coastal Cat American Cruise Lines (ACL), Guilford, Conn., is moving steadily ahead on its Project Blue project that will see it add a series of 241 feet long, 56 feet wide catamaran hulled vessels
Bollinger completes acquisition of ST Engineering's Mississippi shipyards Bollinger Shipyards, the largest privately-owned and operated shipbuilder in the United States, today announced that it has completed its acquisition of VT Halter Marine, Inc. and ST Engineering Halter Marine Offshore (STEHMO)
Edda Wind extends a contract and orders a further CSOV In signs of continuing positive trends in the offshore wind service sector, Haugesund, Norway, headquartered offshore wind service company Edda Wind (OSL:EWIND) today announced that it had renewed an SOV charter with
Hapag-Lloyd to have new head in North America from 2023 Stuart Sandlin, who is currently Hapag-Lloyd's senior vice president (SVP) of sales for the United States, will replace Uffe Ostergaard as president of Hapag-Lloyd in North America region. Sandlin will assume his new position on 1 January 2023, while Ostergaard will take over another management position outside of the German ocean carrier in the United States. After joining Hapag-Lloyd in 2001 as
HHLA announces mixed results with revenue increase, profit fall and container drop Hamburger Hafen und Logistik AG (HHLA) recorded a positive trend in revenues in the first nine months of the year despite the container volume drop. At the same time, the company reported lower profits. HHLA said it benefitted from a further rise in storage fees in the container segment resulting from much longer dwell times for containers at HHLA facilities, as well as from a further increase in
Columbia Shipmanagement and Marine Capabilities collaborate on vessel performance optimisation Columbia Shipmanagement (CSM) and Marine Capabilities (MARCAP LLC) have signed a Memorandum of Understanding in Abu Dhabi, UAE to collaborate on the technological future of the maritime sector in the Middle East Gulf region. More specifically, the two organisations will initially focus their partnership on ship management, crewing, Information Technology and Performance Optimisation and will work
Saudi Ports boost container volumes in October Container throughput across the ports in Saudi Arabia continued its upward year-on-year movement during October 2022, soaring to 694,517 TEUs, translating to an increase of 15.33%. Looking at the numbers for the previous month, there is a 17.75% growth in exported boxes to 202,030 TEUs compared to 2021. Similarly, imported containers increased by 23.02% to 214,174 TEUs while transhipments increas
SeaLead announces new managing director for South Asia and Middle East SeaLead has announced the appointment of Shiva Mahadevan as managing director, South Asia and Middle East, based in Mumbai, India and reporting to SeaLead managing director, Henry Schmidl. In this new role, Shiva will work closely with SeaLead's headquarters team in Singapore to advance commercial competencies, build and enhance customer relationships, and develop products and services to grow th
Adani box volumes at Mundra dip amid transshipment handling slowdown New exclusive data collected by Container News indicates a sequential slide in container volumes handled by the Adani Group-operated terminals at Mundra Port. Combined "Adani Mundra" volumes in October dipped to 431,334 TEUs, from 444,986 TEUs in September and 457,334 TEUs in August. The four terminals under Adani's belt are Adani Mundra Container Terminal (AMCT), Adani CMA Mundra Terminal (ACMTP
Port of Santos achieves increased financial figures amid record cargo volumes Santos Port Authority (SPA) ended the third quarter with a net income of US$25.5 million, representing a growth of 38.3% compared to the same period in 2021. According to SPA, this significant increase was mainly driven by increased revenue, reflecting the strong movement of cargo in the Brazilian port. Port of Santos recorded its best performance in history for a single quarter, reaching 42.8 mi
Edda Wind in for more Spanish CSOVs Norwegian offshore wind service pure play Edda Wind has ordered another hydrogen-ready commissioning service operation vessel (CSOV) at Astilleros Gondán in Spain and secured an option with the yard for one more unit. The vessel will be eight in the Edda Wind fleet built at Gondan which has already delivered the Edda Passat and Edda ...
Diana Shipping fixes another ultramax to ASL Greek bulker owner Diana Shipping has secured a new time charter deal with ASL Bulk Marine, for another one of its recently-delivered ultramaxes. The New York-listed company has fixed the 60,404 dwt between 18 and 20 months at $13,100 per day. The charter has already commenced. The 2018-built bulker is one of the nine vessels ...
Østensjø Rederi adds two subsea vessels to fleet Norwegian shipowner Østensjø Rederi has expanded its fleet with two subsea construction vessels. The Haugesund-based company has together with an undisclosed strategic partner, industry sources suggest is the Norwegian tycoon John Fredriksen, taken delivery of the 2021-built Edda Sphynx and Edda Savanah. The 97 m long ships are expected to be ready to enter both ...
Hyundai Glovis inks $790m vehicle shipping deal South Korea's Hyundai Glovis has won a two-year vehicle shipping contract worth KRW1.05trn ($789.5m). The deal will see the logistics unit of Hyundai Motor Group deliver finished vehicles for an undisclosed carmaker for sale in Europe from 2023. The contract represents 4.8% of Hyundai Glovis' annual sales and follows close to KRW2.2trn record deal the ...
Edda Wind scores bumper SOV extension with Ørsted Norwegian offshore wind service company Edda Wind has secured an improved charter extension deal with Danish utility Ørsted for the service operation vessel (SOV). The 2018-built vessel has operated for Ørsted at Race Bank offshore wind farm since it was built in 2018. The firm contract, which is expiring in March 2023 will be ...
Shipping joins producers to scale up green hydrogen-based fuels this decade Organisations and initiatives across the shipping value chain, joined by some of the top producers of green hydrogen, have signed on to a joint statement at COP27, committing to the rapid adoption of green hydrogen-based fuels this decade. The signatories have agreed to work on commercially viable zero-emissions vessels operating on the deep seas by ...
Russia bans foreign ships from crossing the Kerch Strait Russian authorities have banned vessels loaded outside of Russia and Russian-occupied territories from crossing the Kerch Strait from the Black Sea into the Azov Sea. The ban of foreign vessels comes a month after the bombing of the Kerch Strait bridge, which links Russia to Crimea. "According to the official notification we have received from ...
Viridis Bulk Carriers readies its first ammonia-powered ship orders Viridis Bulk Carriers - an ammonia-powered joint venture between Navigare Logistics, Amon Maritime and Mosvolds Rederi - has bagged another client, keen to join its pioneering green project. Stema Shipping becomes the eight charterer to sign onto the Flexbulk - NH3 power consortium project joining the likes of Elkem and Yara creating enough short-sea shipping ...
Shareholders reject DOF's debt restructuring plan Financially troubled Norwegian offshore vessel owner DOF has failed to secure the necessary majority backing from its shareholders for what was expected to be a major financial restructuring of the company. The restructuring deal, backed by the company's creditors and bondholders, would have left the current shareholders with 4% of the shares in the new ...
Australian supply chains plunged into chaos as nation's largest tug boat operator locks out its crews Australian supply chains are facing chaos as the nation's largest tug boat operator has warned it will lock out its crews from Friday in the latest chapter of a bitter three-year pay dispute. Maersk subsidiary Svitzer today gave notice of a lockout from Friday indefinitely to all harbour towage employees covered under its 2016 National ...
Magseis Fairfield lines up more North Sea work Seabed seismic player Magseis Fairfield has sealed a deal for a 4D ocean bottom node (OBN) project in the North Sea with options for additional work. The project is scheduled to start in the second quarter of 2023, and last around one month, the company said in a regulatory filing. The client and financial details ...
Shelf Drilling clinches another five-year deal in Arabian Gulf Dubai-headquartered jackup rig operator Shelf Drilling has won a five-year contract for the 1981-built for operations in the Arabian Gulf. The contract should start in late March next year and comes with a two-year option attached, Shelf Drilling said in a filing with the Oslo Stock Exchange. The value of the firm period, including mobilisation ...
Singapore shipping mourns loss of Vijay Kamath The great and the good of Singapore shipping turned out on Sunday to mourn the passing of one of the local maritime community's most liked executives. Vijay Kamath, a very well known name in ship finance, died of a heart attack on Friday, aged 52. Kamath's career had started out with India's Essar Shipping, before ...
BNP Paribas gets into Japanese leasing Japanese leasing deals are increasingly being sought by international shipping players, especially in the wake of Chinese lessors pulling back from the market. To further internationalise this Asian shipping finance, BNP Paribas, the world's largest shipping bank, has signed a cooperation agreement with Tokyo-based SBI Leasing Service, a company which specialises in ship and airplane ...
Intermarine joins forces with WeShip Projects Intermarine has joined forces with project and breakbulk cargo specialist WeShip Projects to launch Intermarine Asia. Torben Reinhard and Lars Steen Rasmussen, partners in WeShip, have joined Intermarine's commercial team as part of the deal. Two years ago Germany's SAL Heavy Lift, part of Harren & Partner, took over US owner Intermarine and has since ...
AirWing the latest wind-assist tech to start marketing GT Green Technologies, a UK-headquartered wind propulsion specialist, has secured grant funding following success at this year's Clean Maritime Demonstration Competition. This funding from the UK's Department of Transport will be allocated towards the development and launch of the company's proprietary AirWing propulsion solution currently in development. The patent-pending AirWing is a new-to-ma
Keep up seafarer wellbeing initiatives Conditions onboard are improving and a greater focus on seafarer wellbeing has delivered results, but the industry should not turn back the clock as the covid crisis has receded, writes Captain Yves Vandenborn, director of loss prevention at Standard Club. Collins Dictionary has declared "permacrisis" its phrase of 2022. It sums up the year for ...
SBM Offshore expects FPSO offshore Brazil to restart production by year end In a press release last week related to its Q3 financial performance, Dutch-based SBM Offshore, which charters the FPSO to Petrobras in the Parque das Baleias area offshore the coast of Espírito Santo in the Campos Basin, said it expects "the restart of the unit at full production ... by year end." The FPSO was ...
Performance Shipping goes for reverse stock split amid record profits Current share price equal to a mere 12% of estimated net asset value, says chief
Why shipping is reinforcing hydrogen demand signals at COP27 Shipping's green fuel transition influencers have been out in force at COP27, reinforcing the industry's projected demand for green hydrogen...
Lloyd's Register launches 'readiness' framework for zero-carbon fuels Framework assesses a vessel's readiness for zero-carbon fuel on a well-to-wake basis. The aim is to help industry stakeholders better...
Euroseas triples third-quarter profits Orderbook of nine new feeders seen as a step towards becoming 'one of the most environmentally friendly' operators in its...
Danaos' Coustas says charterers now reluctant to fix for longer terms Greener boxships may attract longer-term employment
Nigeria holds Heroic Idun crew on piracy charges Despite international condemnation of Nigeria's handling of the case, official charges under the country's Suppression of Piracy Act are being...
First LNG from Eni Mozambique project shipped Shipment was loaded over the weekend and is heading north, Lloyd's List Intelligence data shows
HHLA hit by falling volumes A slowdown in Europe and the war in Ukraine have hit HHLA's volume throughput. But congestion and longer dwell times...
The week in newbuildings: Sallaum Lines confirms first order for new tonnage Switzerland-headquartered company's new ships will be constructed at Fujian Mawei Shipbuilding
Palau registry issued sanctioned VLCC Young Yong's insurance certificate PISR has also issued a certificate of insurance for other Djibouti-sanctioned vessels
Box carrier capacity growing despite blankings There has been a surge in blank sailings as both demand and freight rates slide. But compared to 2019, capacity...
Hyundai Glovis nets Europe car transport deal worth $782m Non-Hyundai clients made up 61% of Hyundai Glovis' revenue in 2021, rising sharply from just 12% in 2010
Liaoning Port Group to partner with Zim on containers and ro-ros Liaoning Port Group is the parent of Dalian port and consolidates the major Northeast China ports in one group
The week in charts: Dozens of ships stuck in Ukraine | Ship recycling sector lull | Container demand collapse Trade between Iran and Russia is increasing. Elsewhere, the total tonnage scrapped in October shows signs of a renaissance, while...
Singapore bunker sales hit year high A jump in sales in October was mainly due to the relatively cheaper price of bunker fuel in the city-state...
Daily Briefing Shippers seek revenge as rates plummet | Is shipping having a good COP or bad COP? | Why all countries...
ILWU halts vessel operations at Oakland's largest terminal Sources with knowledge of the Port of Oakland's operations called Monday's action by the ILWU an obvious attempt to exert pressure on stalled contract negotiations with the Pacific Maritime Association.
Third US rail union rejects tentative labor agreement The International Brotherhood of Boilermakers has become the third union to reject a collective bargaining agreement with US railroads reached in September, but no strike or lockout can take place until December.
US freight volumes still higher than 2021: Cass Freight volumes are dropping month to month but remain higher than a year ago, buoyed by inventory repositioning and easing supply constraints for manufacturers, according to the latest Cass Freight Index.
Booming heavy transport demand driving new project partnerships Engineered transport providers are gearing up for heavy demand as an energy buildout in both renewable and oil and gas sectors gains strength.
Port Performance North America: The State of Flow as a New Year Approaches Moderator: Bill Mongelluzzo, Senior Editor, West Coast, Journal of Commerce, S&P Market Intelligence Speaker(s): TBC
Global Shipping Report: Analyzing the 2024 Outlook Moderator: Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Cool Cargoes: 2023 Review and Outlook Fourth-Quarter Trucking Report: Analyzing the Drayage Hot Spots Moderator: Bill Mongelluzzo, Senior Editor, West Coast, Journal of Commerce, S&P Market Intelligence Speaker(s): TBC
Supply Chain Optimization and the Role of AI Moderator: Eric Johnson, Senior Editor, Logistics Technology, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Port Performance Metrics: Analyzing the Global Regions Moderator: Greg Knowler, Europe Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Middle East Trade and Logistics Moderator: TBC Speaker(s):
European Shipping and Trade Outlook Moderator: Greg Knowler, Europe Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Midyear Trucking Report: The Second-Half Outlook Moderator: William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Midyear Container Shipping Report: How the Economy, Consumer Trends, and Logistics Shifts Are Impacting the 2023 Peak Season Moderator: Bill Mongelluzzo, Senior Editor, West Coast, Journal of Commerce, S&P Market Intelligence Speaker(s): TBC
The Journal of Commerce Top 100 Exporters: Analyzing the Rankings and Trade Dynamics Moderator: Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Midyear Port Performance Report: What Needs to Be Done to Improve Flow Moderator: Bill Mongelluzzo, Senior Editor, West Coast, Journal of Commerce, S&P Market Intelligence Speaker(s): TBC
Canada Trade and Shipping: The Path Forward Moderator: Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Container Shipping Outlook: The Asia-Europe Trade Moderator: Greg Knowler, Europe Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Geopolitics and the Impact on Sourcing: How the Map Is Changing Moderator: Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Trucking Market Report: First Quarter Review and Outlook Moderator: William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Logistics Technology: The Future of Digital Procurement Moderator: Eric Johnson, Senior Editor, Logistics Technology, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Geopolitics and the New Energy Crisis: The Impact on Project Shipping Moderator: Janet Nodar, Senior Editor, Breakbulk, Project, and Heavy-Lift Shipping, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Container Shipping Outlook: The Trans-Pacific Moderator: Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Breakbulk and Project Shipping: What the Turmoil of 2022 Means for the Year Ahead Moderator: Janet Nodar, Senior Editor, Breakbulk, Project, and Heavy-Lift Shipping, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
Logistics Technology: What Logistics Companies Want - and Need - Most in '23 Moderator: Eric Johnson, Senior Editor, Logistics Technology, Journal of Commerce, S&P Global Market Intelligence Speaker(s): TBC
OSRA-22 not designed to control freight rates: NITL The objective of OSRA-22 was never to address freight rates, but rather to provide the FMC with additional tools to better identify, prevent, and hold ocean carriers accountable for unfair or deceptive practices and behaviors, writes the executive director of the National Industrial Transportation League.
Pent-up demand to fuel project logistics volumes into 2024 Two years of pandemic-related oil and gas project delays and cutbacks in global supply due to the Russia-Ukraine war are driving demand for project logistics services in the short and long term.
Pyxis nabs profit as rates strengthen, but new fleet growth unlikely New York-listed MR tanker specialist wants to focus on strengthening balance sheet after rates nearly quadruple
What China's Covid reopening may - and may not - mean for dry bulk Deutsche Bank sees one bulker owner poised to surge in revived dry market
LR2s to overcome supply growth though issues on backhaul routes and China remain BRS Group says LR2s rates will be strong thanks to refinery dislocation, Russian embargo and low global inventories
Heroic Idun crew members charged in Nigeria All 26 on VLCC have been accused of oil and piracy-related criminal offences after a three-month dispute with Nigeria
Performance Shipping posts profit while plotting reverse stock split Greek tanker owner moves forward with 1-for-15 reverse split to get share price above $1
Future fuels could kill off shipping's asset-play model, says DSF Financier argues that long-term charters will be needed to build green bunker market
Pittas signals shift in box markets after Euroseas profits treble Company bolstered amid falling charter rates by backlog secured in stronger markets worth $450m
Marine insurance 'fails to tackle new risks', says Bergen broker Shipowners lack cover for cyber-crime, pandemic and climate risks because the industry is failing to learn new tricks, believes a top Norwegian broker
Edda Wind orders CSOV and wins 25% charter hike for SOV Spain's Gondan to build latest in series of hydrogen-ready wind farm ships
Intermarine and WeShip partner up in breakbulk and project sector Veteran management team forms Intermarine Asia in further consolidation in multipurpose sector
Greece's Evalend Shipping linked to VLGC newbuilding duo at Hyundai Samho LPG carriers were option vessels
HHI and Saudi Arabia discuss joint shipyard and engine building HD Hyundai CEO Ki-sun Chung steps out of shadows on latest charm offensive with Saudi minister
Effissimo Capital reduces its K Line shareholding after buyback Singapore-based investor still remains K Line's largest shareholder
SFL closes in on $144m suezmax financing as it eyes fresh acquisitions John Fredriksen's sale and leaseback specialist has plenty of cash to spare for new deals
Bulker blamed for two Suez Canal collisions in 13 hours Judge finds failures of seamanship and says crew of three ships "blindly" followed the advice of Suez pilots
Italy's d'Amico International lines up tanker buys but is cautious over debt CEO Paulo d'Amico intends to use cash to take advantage of purchase options on leased ships
Clarksons sees VLCCs breaking through $150,000 per day barrier Longer hauls of Russian crude set to shift the dial even further in owners' favour, investment bank believes
Aponte's MSC reaps reward of 'the greatest bet in container shipping history' Phenomenal fleet expansion raises possibility of Swiss liner giant becoming first major stand-alone carrier
Spot rate assessments for LNG carriers crash the $500,000 mark But charterers' focus is on period market as attention switches to booking cover for 2023 to 2024 season
Shipping should stand up for its rights in Black Sea agreement Renewing the UN Black Sea Grain Agreement is not going far enough. Ships carrying all types of non-military cargo should be free to leave Ukraine, argues Evgeniy Sukachev
DOF Group looks to have the numbers to stave off bankruptcy But the only other option is a state reconstruction process after shareholders rejected negotiated refinancing
EU taskforce seizes military vehicles on Dutch ship bound for Libya The Meerdijk was intercepted off the coast in "possible breach" of EU arms embargo
Stema Shipping signs up to charter Viridis' ammonia-fuelled bulkers Eighth charterer comes on board as Norwegian shortsea project gathers pace
Insurance broker Gallagher urges P&I clubs to quit their dependence on investments Relying on investments to balance the books is not sustainable, says Malcolm Godfrey
Atlantska strikes leaseback deal for bulker trio as profit rises Croatian owner continues to refinance fleet after a stronger nine months
Search continues as cargo ship and crew of 16 go missing off Indonesia Contact was lost with the Mutia Ladjoni 7 on Friday
China's SAIC Anji hungry for more car carriers as export volumes continue to rise Car carrier operator floats a tender for seven large dual-fuel newbuildings
Aponte's MSC reaps reward of 'the greatest bet in container shipping history' Phenomenal fleet expansion raises possibility of Swiss liner giant becoming first major stand-alone carrier
After many false starts, Mozambique finally exports first cargo of LNG Offtaker BP heralds shipment as 'major milestone' and says it is moving to extend its LNG portfolio to 30-mtpa
Liverpool dockers secure pay rises of up to 18%, claims union Inflation-busting deal ends wave of Peel Ports strike action that began in September
October bountiful for ports on East, Gulf coasts Container volumes were up year over year in Savannah and Charleston, while crude oil exports set a record in Corpus Christi.
FedEx dumps 40 flights, grounds aircraft as shipping demand wanes FedEx's airline unit is taking down many flights to save money as it scrambles to counter a steep decline in shipping revenue.
US imports from China falling faster than from other countries Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
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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