MSC: Bloomberg gets it wrong on MSC Gayane coke bust story Mediterranean Shipping Company (MSC) says it is "aware of" a mid-December 2022 Bloomberg media story about the 2019 incident in which the 10,766 TEU MSC Gayane became the largest vessel ever seized
K-Line to operate Northern Lights LCO2 carrier duo The first two 7,500 cubic meter liquefied CO2 carriers being built for the Northern Lights joint venture project will be operated under bare boat and time charters by a London-based subsidiary of
Port of Rotterdam to allow mixed berthing Mixed berthing will be officially allowed from the second week of January in the port of Rotterdam. Inland vessels carrying hazardous cargo will be allowed to berth at about 50 mixed berths in the port of Rotterdam. This will allow so-called cone ships to berth right next to each other and next to vessels without hazardous cargoes. The Port of Rotterdam Authority has gained experience with this i
Ports of Rotterdam and Shanghai renew their collaboration agreement The Port of Rotterdam and the Port of Shanghai renewed their Memorandum of Understanding (MoU) to further strengthen the sister port relationship during the North Bund Forum 2022 in Shanghai. The opening ceremony of the forum was attended and opened by Shanghai Party Secretary Chen Jining. Chinese transport minister Li Xiaopeng and his Dutch counterpart Mark Harbers, minister of infrastructure an
Maersk confirms plans for new cold storage facility in Norway A.P. Moller - Maersk has unveiled plans for a new cold storage facility in Flatholmen quay in Aalesund, Norway. The new facility is specifically designed to accommodate the needs of the vast Norwegian seafood industry and it is expected to be among the largest cold storages of its kind in the country. Maersk said the new facility is expected to become fully operational by the first quarter of 202
cargo-partner expands its warehouse in Slovenia Austria's privately owned full-range info-logistics provider cargo-partner celebrated the official opening of the expansion of its warehouse in Ljubljana, Slovenia, expanding its presence in the country. The new building increases the logistics center's total capacity from 25,000 m² to 39,100 m². One special highlight of the grand opening that happened on 15 December, was a simulated package deli
Rotterdam and Sines ports sign deal to develop green hydrogen maritime corridor The Memorandum of Understanding (MoU) concerning the project aiming at developing a green hydrogen maritime corridor between Portugal and the Netherlands was signed on 16 December in a ceremony led by Portugal's minister of infrastructure and housing, Pedro Nuno Santos. The H2Sines.RDAM Project aims at developing a Green Hydrogen logistic maritime corridor connecting the ports of Sines in Portuga
PIL announces new intra-Asia service Pacific International Lines (PIL) will enhance its intra-Asia network with a new weekly direct service, which will connect ports in South China to the Philippines. The South China Philippines (SCP) service will commence on 3 January and will provide weekly sailings between the ports of Xiamen, Nansha, Shekou, Manila and Cebu. The new service will be served jointly by a consortium of two container
Noble evacuates jackup crew after incident offshore Trinidad Offshore driller Noble Corporation has evacuated workers from its jackup offshore Trinidad due to a mechanical issue on one of the rig's legs. The Texas-based company said the rig experienced a technical failure in the jacking gear that caused damage to the bow leg braces and joints, preventing it from fully retracting its leg. The ...
PGS lines up more work in Malaysia Norway's PGS said Monday it had secured pre-funding to expand multi-client 3D coverage in the Sabah platform province offshore Malaysia. The survey, covering approximately 3,500 sq km, is set to start in January next year and complete in March, utilising the 2008-built seismic vessel . The multi-phased Sabah project is one of the world's largest ...
K Line signs up for Northern Lights CO2 carriers Japan's Kawasaki Kisen Kaisha (K Line) has signed a long-term bareboat charter contract with Northern Lights, a joint venture between Equinor, Shell and TotalEnergies for two liquefied CO2 carriers under construction in China. Northern Lights JV is developing an infrastructure to transport CO2 from European industrial emitters. As part of the project, an order was ...
Record 170 LNG carriers ordered in 2022 Spectacular ordering in the LNG sector has dominated shipyard news in 2022. Clarksons Research has tallied a record total of 170 LNG carriers ordered so far in 2022, up 95% on the 2021 full year total, with records also broken in terms of prices paid for these most prized ship orders. Spot rates for LNG ...
Little concrete outcome from last week's MEPC Last week's 79th gathering of the Marine Environment Protection Committee (MEPC) at the London headquarters of the International Maritime Organization (IMO) achieved little in terms of showing greater green targets, with pressure now mounting on MEPC 80 in July next year. "It cannot be stressed enough how crucial it is that we keep the momentum ...
Himalaya Shipping seals another newcastlemax fixture Oslo-listed Himalaya Shipping has struck a new charter deal, fixing one of its newcastlemax dry bulk carriers currently under construction in China to an unnamed Japanese player. The charter is for two years at $30,000 per day, starting upon delivery in March or April 2023. Himalaya Shipping's chief executive, Herman Billung, noted the deal was ...
Braemar buys US shipbroker Southport Maritime UK shipbroker Braemar is expanding its coverage in the Americas with the acquisition of Florida-based Southport Maritime. Focused on spot tanker fixtures, Southport's 18-strong team will complement Braemar's existing tanker desks in London, Singapore, Madrid, Houston, and Geneva. Braemar's new offices in West Palm Beach and Winter Park will continue to be led by Michael ...
Brazil auctions four of 11 oil and gas blocks on offer Through the first cycle of its permanent production sharing offer (OPP), held on December 16 by Brazil's National Agency for Petroleum, Natural Gas and Biofuels (ANP), four blocks of 11 on offer were auctioned, generating R$916.3m in signature bonuses. Auction winners were those companies that offered the Government of Brazil the highest percentage of oil ...
Diana Shipping fixes panamax to Cargill Greece's Diana Shipping has penned a time charter deal with commodity trading giant Cargill for the 2013-built panamax bulk carrier . The charter, which kicked off last week, will bring in $12,000 per day through to between October 28, 2023 and December 28, 2023. The minimum the New York-listed company could earn has been estimated ...
US congressman introduces bill to close anti-American worker loopholes in Jones Act Democratic congressman John Garamendi last week introduced the "Close Agency Loopholes to the Jones Act" bill, which would disallow federal regulators to circumvent the Jones Act, the US law that requires transportation and items shipped between US ports to be conducted on ships that are built and operated by American citizens or permanent residents. "Letter ...
Floatel International scores Aker BP double Oslo-based offshore accommodation platform operator Floatel International has been awarded a contract by Aker BP for two vessels to support projects in the Norwegian sector of the North Sea. The 2010-built Floatel Superior and the 2015-built Floatel Endurance have been booked for the NOA topside and the Krafla topside accommodation services from mid-2026, with firm ...
San Pedro Bay ports scrap unused container dwell fee 'This fee was conceived as an incentive to ease congestion, keeping imported goods flowing to stores across America,' says Port...
Transatlantic box trade defies market downturn 'The volume outlook is for a decent year ahead, unless of course, carriers decide to kill the golden goose,' says...
Tankers: West African waters evolve as tanker spoofing centre as 'dark fleet' increases in size and notoriety Tanker owners will have to deal with elevated compliance risks from sanctions in 2023
LNG: Tight market to support strong carrier rates A spate of newbuilding deliveries can easily be absorbed, with more long-term charters being inked to secure tonnage in a...
Dark ship activity grows in Kerch Strait AIS gaps have been at elevated levels since August. Given the political circumstances, it is difficult to determine the cause...
Crude tankers set to benefit from China's bounce-back More imports to China will come from the Middle East using VLCCs, which will also be involved in the trade...
The week in newbuildings: Large car and truck carrier orderbook hits 109 ships Recent orders by Chinese operators have pushed the vehicle carrier newbuilding backlog to 21% of the existing fleet in service
The week in charts: Global recession the greatest risk to shipping | Weaker dry bulk market expected | Departures from Ukraine slow Shipbuilding production output looks set to reach highest level since 2017; US import lull catches up with major east and US...
MSC 'strongly objects' to drugs cartel claim 'The MSC Gayne incident was certainly a wake-up call for the entire container shipping and logistics industry, given the elaborate...
Braemar acquires shipbroker Southport Maritime Southport is a leading US-based shipbroking tanker company
Cosco adds more PCTC newbuilds to fleet Company to expand its car shipping routes network to the Persian Gulf, Europe, South America, Red Sea, Mexico and Australia...
K Line agrees long-term contracts for liquefied CO2 vessels Company's UK subsidiary will manage two ships transporting liquefied CO2 from industrial emitters
Daily Briefing Exclusive interview with outgoing Maersk chief Søren Skou: 'Box shipping has evolved' | China fails in last-minute bid to water...
Car carriers enjoying 'exceptional conditions': Clarksons Longer voyages, high demand, and tight capacity are boosting earnings and charter rates in the global car carrier segment.
Trans-Pacific rates settling at a shifting bottom: sources Carriers, forwarders, and shippers say there will be no pre-Lunar Year bump in rates because they expect US demand to remain weak while exports from China decline further.
Carriers halt spot bookings from South China amid capacity crunch: forwarders China's exports fell almost 9 percent in November, while carriers continue to pull significant levels of capacity on trans-Pacific and Asia-Europe services.
Carriers on India trades face steepest rate slide since onset of downturn Capacity cuts and service realignments could be looming on trades out of India as carriers face an acceleration of recent rate declines.
Fresh decline in US imports from Asia further hobbles trans-Pac trade The decline in US imports from Asia is expected to accelerate in the coming months as earlier-than-usual Lunar New Year factory shutdowns in China cause production to plummet.
Bargain shoppers accelerate US retail inventory shift As inflation-battered consumers shop for bargains, US retail discounters are expanding their distribution networks.
Global carbon pricing needed; shippers willing to pay: research reports Shipping's transition to zero-carbon energy sources will be costly, but shippers are showing a growing willingness to pay to decarbonize their ocean transport supply chains.
November air cargo slump extends peak season blues The weakness in Asia's air freight export markets continued through the traditionally strong month of November, with little prospect of an end-of-year boost in demand.
FMC checking carrier compliance with OSRA-22 anti-retaliation clause The anti-retaliation provision was included in US shipping reform because some shippers have been hesitant to lodge complaints against carriers for fear of being blacklisted.
Wilmington looks to showcase potential for East Coast container trade North Carolina is looking to increase cargo flow at the Port of Wilmington, and recent announcements touting new distribution centers suggest others agree that the potential for growth exists.
Pilot project shows interoperability of eBL products The test was meant to demonstrate that different electronic bills of lading products can be used by various parties involved in the movement of a container, alleviating a nagging concern in the nascent evolution of eBLs.
Coming capacity injection clouds trans-Atlantic rate picture The trans-Atlantic is the "last trade standing" with rate levels still elevated, but that may soon change as carriers move ships from the rapidly weakening trades out of Asia to Europe-US routes.
Industry urges FMC to streamline free-time billing in OSRA-linked rulemaking The US Federal Maritime Commission is poring over feedback about detention and demurrage billing practices from more than 100 industry stakeholders as the agency seeks to implement a key provision of OSRA-22.
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.
US IPI needs fresh approach to recovering market share: analyst A more complex - and agile - approach will be required to help inland point intermodal grab a larger share of the freight that is arriving at US ports, writes JOC analyst Larry Gross.
US offshore wind push runs into bureaucracy, investment headwinds Ambitious plans to build offshore wind off the coast of the United States has run up against permitting bottlenecks and a lack of investment.
Decarbonization tops IMO's London MEPC79 agenda MEPC79 delegates will also be considering a basket of measures that can integrate both technical and carbon pricing elements as the maritime industry transitions to more renewable fuels.
Eneti locks first WTIV newbuilding into $75m contract for 2025 work New York-listed wind vessel owner says it is taking advantage of rising market in renewables
Shadow fleet and strong rates keeping mainstream owners away from Russian crude, BRS says French shipbroker says just one in ten Russian liftings are done by mainstream tanker owners
Shadow fleet capacity and strong rates keeping mainstream owners away from Russian crude BRS Group says just one in ten Russian liftings are done by mainstream owners
Golden Ocean sells ice-class bulker duo as indicators point to panamax price slide Brokers say a Greek shipowner has purchased the Golden Ice and Golden Strength
EU backs $85m bailout of Finland's Meyer Turku shipyard Finland's cruise specialist shipbuilder had been hit by rising costs linked to Russia's invasion of Ukraine
Eagle Bulk Shipping flies over to New York Stock Exchange Chief executive Gary Vogel hopes for trading liquidity boost, though analysts say change is not significant
Ridgebury Tankers turns sweet profit on 17th tanker sale of 2022 Suezmax acquired just two years ago is sold ahead of scheduled special survey
Philippine government gets serious about crew reform as pressure mounts A new advisory board has been set up to help the country correct deficiencies in seafarer training
German owner, cargo ship pulled into multi-million dollar yacht fight Briese Schiffahrt allegedly provided an unseaworthy vessel, leading to a fire and the loss of more than $20m in yachts stowed on its cargo hatches
United Maritime doubles money on tanker in a just a few months Another day, another lucrative asset play in a vibrant tanker market
Fuel oil scoops broker Affinity's shipping 'Fuel of the Year' award Affinity (Shipping) hands out its annual awards but methanol is not cutting it - yet
Vafias clan raises China wager with capesize bulker buy Major Greek shipping family spends around $100m on capesizes in about a month
Expansionist Braemar buys US broker Southport in $14m cash-and-shares deal On an unabated foreign expansion course, London-based brokerage sets up shop in the Sunshine State
Banner year for shipping led by record price rises for tanker stocks, says Clarksons Product tanker stocks make 341% gain in 2022 in a strong year for several sectors amid good prospects for 2023
IMO sets Med sulphur limit but 'misses chance' to cap nitrogen World's fifth Emissions Control Area (ECA) will start taking effect from May 2025
New German FSRUs to replace more than half country's Russian pipeline gas European energy ministers debate gas price cap as region battles its energy crisis
Braemar: Price cap secures western goals so far Researchers say European ban and cap scheme cuts Russian profits without causing problems for global supply
EU ETS shipping provisions survive last round of Brussels talks European Union negotiators reach overall emissions trading deal, leaving maritime aspects unchanged
Japan's Santoku Senpaku inks car carrier newbuilding sextet at Chinese shipyard The 7,500-ceu vessels have been ordered against long-term charters in a red-hot market
Braemar buys US broker Southport in cash-and-shares deal On an unabated foreign expansion course, London-based brokerage sets up shop in the Sunshine State
K Line charters Northern Lights' two liquefied carbon dioxide carrier newbuildings MSC denies report claiming it has been infiltrated by drug smuggling gangs
by Jonathan Boonzaier / 1d MSC denies it has been infiltrated by drug smuggling gangs
Shipping giant MSC faces more fallout from cocaine cases The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
2022's top shipping stories: Container boom ends, war fuels tankers Just as the pandemic wound down, another market-altering event for shipping - the Ukraine-Russia war - ramped up.
Viewpoint: Ocean girdle tightens as trade slims down Like all previous maritime boom cycles, things are starting to turn down. That reshaping of trade is creating a misleading message on demand.
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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