ASKO Maritime christens first two sea drone autonomous freight ferries Norway's ASKO Maritime is moving right along with its plans to put emissions-free - and ultimately people-free - autonomous freight ferries into operation across Oslo Fjord. The first two of the battery-electric
NYCEDC says more about search for new NYC Ferry operator As we reported earlier, the New York City Economic Development Corporation (NYCEDC) has now issued a request for proposals (RFP) seeking an operator for the NYC Ferry public transit system. The RFP
Cal Maritime training ship to have its first female captain California State University Maritime Academy has appointed Samaro Bannister-Schneider to serve as interim captain of its Training Ship Golden Bear (TSGB). A 2000 graduate of Cal Maritime's Marine Transportation (MT) program, she
Seaspan LNG bunkering trio will feature Høglund automation Three 7,600-cubic-meter LNG bunkering vessels on order for Canadian owner Seaspan ULC wlll feature integrated automation systems (IAS) from Tønsberg, Norway, headquartered Høglund Marine Solutions. The IAS will seamlessly connect the cargo
Damen plans new, bigger, anchor handler class for floating wind The U.S. is not alone in having ambitious targets for floating offshore wind. Forecasts indicate that by 2050 over 200 GW of new floating offshore wind turbines will be in operation worldwide,
Washington State Ferries to outline its hybrid electric journey at FERRIES 2022 Speakers at Marine Log's upcoming FERRIES 2022 will include Matt von Ruden, administrator of Washington State Ferries' (WSF) electrification program. On November 2, Day 2 of the conference, he will speak on
White Paper: Steer to the Future What is Digital Ship Lifecycle Management?Modern ships are highly complex products with lifetimes spanning 25-30 years for commercial vessels, and up to 50 years for naval ships. Managing this complexity during the
MER Equipment names Forslund business development manager Seattle, Wash., based MER Equipment reports that Bill Forslund has joined it as business development manager. Family-owned MER Equipment is a specialist in the custom building of marine & industrial generators, power
Manson Construction Co. names new CFO Jon Rodriguez assumed the role of chief financial officer (CFO) at Seattle, Wash., based Manson Construction Co. effective August 15, 2022, becoming Manson's third CFO in the last 30 years. "Jon is
DP World starts construction of new warehouse at London Gateway DP World in the United Kingdom has announced that work has begun on a new 11,000m² green warehouse at London Gateway's port-centric Logistics Park, which is expected to be completed in the third quarter of the next year. The company has announced increased demand for warehousing space in South East of England, as well as record cargo volumes at its two UK logistics hubs, London Gateway and Southa
Cargo vessel capsizes and sinks at Turkish port General cargo vessel Sea Eagle, which was loaded with containers, lost stability and tumbled over during offloading operations at Iskenderun port in Turkey on 18 September. The Turkish Ministry of Transport and Infrastructure said that the efforts to balance the ship did not yield results and, therefore, Sea Eagle sank at the berth. All crew members on board were evacuated and no loss of life or
Captain of stranded ship in Kaohsiung in failed escape attempt The captain of a general cargo ship which had been stranded for half a year in Kaohsiung, Taiwan, after its ship owner failed to pay the port for damages, tried to escape by going ashore on 18 September without permission. Unluckily, the Chinese captain was caught by the police and sent back to the 1995-built 8,400 dwt ship Uniprofit. All 16 crew members, 11 Chinese and five Indonesians remain st
SeaPort Manatee receives US$12 million grant to upgrade container yard facilities SeaPort Manatee, one of Florida's largest deepwater seaports, has been awarded a federal grant of nearly US$12 million to advance a 67,000m² expansion of container yard facilities at Florida Gulf Coast trade gateway. The upgraded infrastructure of SeaPort Manatee is one of 26 projects for which a total of US$1.5 billion in Infrastructure for Rebuilding America (INFRA) grant funding was announced
HMM and CEVA Logistics ink multi-year cooperation deal South Korean ocean carrier HMM and French logistics firm CEVA Logistics have signed an agreement which is expected to strengthen and expand relations between the two companies, increasing the level of collaboration. The multi-year deal, which lasts into 2025, builds on the two parties existing relationship and brings CEVA's strategic ocean partner network to 14 global and regional carriers. "Desp
NWSA sees container volume drop in August The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma in the United States, reported decreased container volumes in August. In particular, total container volume for August decreased 10.4% to 280,436 TEU, with full imports declining 11.1% and full exports declining 9.9% year-over-year. In addition, year-to-date volumes declined 6.2% to 2,34
Global dockers unions support Liverpool striking port workers The workers' strike action at the Port of Liverpool began yesterday (19 September) and is expected to last until 3 October. Today, on 20 September, global transport unions, such as the International Transport Workers' Federation (ITF) and European Transport Workers' Federation (ETF), announced their support to 560 Liverpool striking dockers. ITF and ETF said they fully support the struggle of the
DP World wins latest judgement in Hong Kong Court over Djibouti box terminal concession DP World announced it has won the latest in a string of court rulings, defending its rights as shareholder and concessionaire in Djibouti's Doraleh Container Terminal. The Court of Appeal of Hong Kong has dismissed the latest request by China Merchants Port Holdings seeking permission to file a second appeal before the Court of Final Appeal, against its previous decision that DP World's suit agai
Bangladeshi freight forwarders hike charges by 57% owing to fuel price hike Owing to the recent record price hike of fuel oil in the local market, Bangladeshi freight forwarders have enhanced forwarding charges by 57% for each import bill which the importers and apparel exporters have protested. The freight forwarders argued that the charge, namely destination service charge, remained unchanged since 2014. "During this long period, due to increase in the price of water,
Modus and Equinor team up to deploy resident subsea drone at Johan Sverdrup UK offshore solutions provider Modus has secured a contract with Equinor for the provision of underwater intervention drone missions at the Johan Sverdrup field in the Norwegian North Sea. The contract, which the company said is a world-first, will run from 2023 to mid-2024, utilising one of Modus' Saab Sabertooth hovering autonomous underwater vehicles (HAUVs) ...
Norwegians showcase hydrogen-based shore power solution A Norwegian consortium comprised of four local players, PSW Power & Automation, Westgass Hydrogen, CCB and H2 Production, has been established to provide a hydrogen-based shore power solution to the maritime sector. The system, designed by PSW, part of Norwegian industrial owner Scana, was piloted at CCB's shipyard in Ågotnes this week on the platform ...
New vessel class for floating offshore wind sector under development Damen Shipyards has disclosed the development of a new vessel class that will be capable of supporting the rollout of large-scale floating offshore wind turbines. Citing forecasts of over 200GW of new floating wind turbines in operation by 2050, equating to around 13,500 units, the Dutch shipbuilder said that given the size of the turbines ...
McDermott lands big contract in Angola with TotalEnergies McDermott International has won a significant contract worth between $250m and $500m from TotalEnergies for engineering, procurement, supply, construction, installation, pre-commissioning and assistance to commissioning and start-up of the Begonia field project offshore Angola. The Begonia project, located in water depths between 400 m to 750 m, will collect hydrocarbons from a reservoir, via a ...
CLdN takes over Clipper's roro business Seatruck Luxembourg-based roro operator CLdN has struck a deal to acquire Seatruck Ferries from Denmark-based bulk carrier operator Clipper for an undisclosed sum. The deal will see the Irish Sea roro operator join CLdN with eight purpose-built vessels that transport close to 20% of the region's seaborne cargo volumes. "Seatruck will be a valuable addition to ...
Marco Polo Marine makes CSOV newbuild move Singapore offshore vessel player and shipyard Marco Polo Marine is pressing ahead with plans to meet the rising demand for support vessels required to service the offshore wind farm industry in Asia. The company said that it will build, own and operate a specialised offshore wind commissioning service operation vessel (CSOV) by the first quarter ...
Tanker asset values remain in the ascendant Secondhand tanker prices, which have been on a tear for months, are hitting highs not seen for more than a decade. Analysts remain divided on just how much further the asset appreciation can continue. Crude tanker prices have gained in average around 30% from their start of the year levels. The most recent rate hikes ...
Claus Gronborg steps up to lead Maersk Product Tankers Maersk Tankers' chief investment officer, Claus Gronborg, has been appointed CEO of Maersk Product Tankers, taking over from Christian Ingerslev on October 1. Gronborg has been managing the Maersk Product Tankers fleet for the past three years. Previously, he held executive positions, including chief commercial officer and vice president of business development at Maersk Tankers. ...
Tufton takes fleet to 23 with Marinakis tankers buy Tufton Oceanic Assets has acquired a pair of secondhand product tankers, taking its fleet to 23 vessels. The London-listed fund has picked up the 2016-built Alkaios and Archon from Evangelos Marinakis' Capital Ship Management, paying $73m. Both vessels have fixed-rate time charters for three to five years with commodity trading giant Trafigura. Tufton said it ...
Gulftainer hit with $21.5m fine in the US Gulftainer, a port management company from the United Arab Emirates, has been told by a court in the US it must pay $21.5m in damages in a long running case relating to its takeover of a port in Delaware. In 2018, GT USA Wilmington, a Gulftainer subsidiary, obtained the 50-year rights to operate the port ...
Well-Safe Solutions clinches $30m Neptune Energy decommissioning deal Aberdeen-headquartered decommissioning specialists Well-Safe Solutions has been awarded a contract by Neptune Energy for the jackup rig to plug and abandon at least four subsea and 21 platform wells in the Dutch and UK sectors of the North Sea. The one-year firm contract worth $30m also enables Neptune Energy to take up Well-Safe's decommissioning engineering ...
DP World wins latest judgement over Djibouti concession DP World has won the latest in a string of court rulings, as it defends its rights as shareholder and concessionaire in Djibouti's Doraleh Container Terminal. The Court of Appeal of Hong Kong has dismissed the latest request by China Merchants Port Holdings seeking permission to file a second appeal before the Court of Final ...
IUMI chews over complex issues at annual meet-up in Chicago Rising claims, inflation gnawing away at profitability, the war in Ukraine and the climate emergency were all addressed on the opening day of this year's International Union of Marine Insurance (IUMI) annual conference in Chicago. Addressing the 585 attendees president Richard Turner said: "The growing climate emergency, the rise of protectionism affecting international trade and ...
T7 Global seals mobile offshore production unit contract with Mubadala Malaysia's T7 Global has clinched a deal for the provision of a mobile offshore production unit in the Nong Yao field, in the southern Gulf of Thailand. The company's subsidiary Tanjung Offshore secured the contract worth around RM400m ($88.2m) from Busrakham G11, a Thai-based subsidiary of Mubadala Petroleum, under which it will be responsible for ...
UN ready to offload oil from decaying FSO off Yemen The United Nations has said it has raised enough money for the first phase operation to remove 1m barrels of oil from a decaying, stranded tanker lying five nautical miles off the coastline of war-torn Yemen. UN officials are now contacting all parties who have pledged to donate to fund the immense salvage operation of ...
Gram Car Carriers bags pair of long-term extensions Oslo-listed Gram Car Carriers has further boosted its contract backlog by having sealed a charter extension for two ships. The 6,700 ceu Viking Adventure and the 4,200 ceu Viking Coral have secured additional employment for five and two years, respectively, adding $135.1m of future revenue. The five-year extension for the 2015-built Viking Adventure comes at an average dayrate of ...
Typhoon damages ships under construction in China Typhoon Muifa, the greatest storm to hit the Yangtze River Delta on record, has resulted in damage to vessels under construction. The typhoon, which saw millions head to shelter last week, registered wind speeds of up to 215 kmh. Among facilities hit from the storm was Cosco Shipyard's Qidong yard where a floating production, storage ...
EuroDry lets go of vintage panamax Aristides Pittas-led EuroDry has offloaded an elderly panamax, getting $9.7m for the 2000-built . The vessel is expected to be delivered to its new unspecified owners next month. Pittas, chairman and CEO of EuroDry, commented: "This sale is part of our effort to focus on more modern, eco-built, fuel-efficient vessels." EuroDry expects to book a ...
New tech to develop green methanol unveiled WasteFuel, a developer of bio-refineries focused on converting municipal solid waste into low carbon fuels, has come up with a new way to create green methanol. Among the many investors in the American firm is Maersk, the containerline that to date has invested the most in methanol-powered boxships. The new WasteFuel Methanol Module is designed ...
TotalEnergies approves Fenix gas project off Argentina TotalEnergies has approved the final investment decision for the Fenix gas field, located 60 km off the coast of Tierra del Fuego in southern Argentina. The company expects to invest about $706m in the project. Through its Total
The case against LNG now comes with an extreme $1trn warning The headline conclusion of a new report which values the potential stranded assets associated with LNG-fuelled ships at over $850bn...
Trafigura to research viability of hydrogen transport The energy-dense compound green ammonia can be pressurised into liquid form. It is touted as an economical way to store...
Third Russian oil shipment sails for Cuba Cuba is importing its third cargo of Russian crude in three months on three Sovcomflot-owned aframaxes
Concordia Maritime sells three more product tankers Company capitilises on a robust tanker market to accelerate amortisation of debt
Substantial Ukraine constructive total loss payouts avoided so far HFW lawyer believes some ships released under blue corridor scheme and others could follow suit in coming period
The week in charts: Capesize freight rates rally | Container spot rates decline | Vehicle carrier orderbook grows The newbuilding backlog of vehicle carriers hits 89 units. Elsewhere, capesize bulk carrier rates return to profitability, while container spot...
Anglo American's LNG-fuelled vessels undergo tests U-Ming Marine Transport will own the 190,000 dwt LNG-fuelled bulk carriers
Cleaves Securities upgrades tanker forecasts to highest since 2015 New estimates for earnings, asset values and share prices as tanker recovery seen continuing into 2024
Container carriers look to capacity management to halt rates slide Demand levels are falling and more capacity is coming back in to the market. Carriers will need to increase blankings...
Clipper Group to exit ro-ro ferry business CLdN has been announced as the buyer of Seatruck Ferries, although the sale is subject to regulatory approval from the...
Maersk Product Tankers names Gronborg as chief executive Claus Gronborg, currently chief investment officer, will replace Christian Ingerslev as chief executive from October 1
The week in newbuildings: Grimaldi Group to sign major PCTC order Letter of intent has been signed with Chinese shipyard for up to 10 vessels with 9,000 car capacity. A contract...
Suez Canal Authority to raise transit tolls by 15% Operating authority cites high freight rates in many sectors and inflation as reasons for the transit fees increase
DP World wins latest judgment in Djibouti concession case Djibouti seized control of the Doraleh Container Terminal in 2018
Why Alfa Laval's move into digital is a calculated risk Few acquisitions of digital solutions by physical suppliers work, says Sameer Kalra
Performance Shipping agrees $18m loan for LR2 acquisition Loan backs 'timely' move into product sector for Greek aframax owner
EuroDry agrees sale of oldest bulker Proceeds from Pantelis sale will significantly boost the company's liquidity
Marine insurance premiums seeing healthy growth amid uncertainties Cefor actuary Astrid Seltmann tells the International Union of Marine Insurance conference that 2021 was positive for underwriters, but warns of...
Ocean hull outlook for 2022 is 'worrying' Overall capacity unchanged in most hull markets, although some fresh capacity added in the UK and Latin America last year...
IUMI to launch first strategic review in a decade 'We will need to evolve to stay relevant to the sector we represent. So we decided to start having a...
KSOE wins orders worth $378m for eight vessels The containership order includes options for two additional vessels, taking potential orders up to six
Daily Briefing Clean tanker rates soaring on global refineries upheaval as Russia sanctions loom | Container spot rates continue headlong plunge |...
Tentative contract for LA-LB security guards averts disruption threat A tentative contract agreement between security guards represented by the International Longshore and Warehouse Union and employers in Los Angeles-Long Beach eliminates one possible source of cargo-handling disruption.
New CMA CGM service connects US Gulf with Mediterranean CMA CGM will deploy six vessels with an average capacity of 2,000 TEU on its new Medgulf loop between the ports of Houston and Miami and the Mediterranean.
Tentative contract for LA-LB security guard averts disruption threat A tentative contract agreement between security guards represented by the International Longshore and Warehouse Union and employers in Los Angeles-Long Beach eliminates one possible source of cargo-handling disruption.
Congestion propping up trans-Atlantic spot rates: analysts With prices on east-west routes out of Asia in freefall, high rate levels on the trans-Atlantic is encouraging carriers to shift capacity into the westbound trade, putting those rates under pressure.
FMC emergency order unnecessary despite 'severe' congestion: container lines A majority of respondents support the FMC emergency data sharing order, but container lines and other groups believe port congestion is improving and, therefore, does constitute an "emergency."
Lufthansa among investors funneling cash to TMS provider Cargobase A shift from a focus on freight procurement to international transportation management has yielded growth in several regions for transportation management software vendor Cargobase.
Hapag-Lloyd settles detention complaint from US trucker In the third detention and demurrage complaint against Hapag-Lloyd in the past year, Orange Avenue Express alleged the ocean carrier charged $258,000 in detention for containers that could not be returned due to port congestion.
Capesize bulkers hit seven-week high as iron ore exports surge But smaller vessels see minimal spot-rate gains amid scarce fixture activity, brokers point out
HFW lawyer Richard Naylon is optimistic vessels trapped in Ukraine can find a way out Ships that have not got out on the back of the UN grain agreement may yet still escape
UN hits revised appeal target for 'time bomb' off Yemen Dutch government says work can begin on lightering oil from FSO Safer when governments pay up
Hot secondhand market drives up tanker prices Baltic index shows prices have risen 25% across the board in the last year
Marine insurers report premium growth as market hardens Insurers are benefitting from a strong US dollar and post-pandemic market rebound
Global Maritime Forum survey reflects growing concern over Ukraine war Decarbonisation remains key issue in survey which reflects the concerns of maritime leaders
DFDS aims to go all electric with new ferries using e-fuel powered generators Modular design, although more expensive, will allow generators to be switched out and advanced fuel cell technologies fitted instead as they become available
Could LNG-fuelled ships become 'stranded assets' in 2030 race for zero-carbon fuels? London's UCL Energy Institute research suggests shipowners should avoid ordering ships powered by natural gas - or assume a shorter vessel lifespan
Gronborg takes top job at Maersk Product Tankers Predecessor Christian M Ingerslev remains CEO of commercial manager Maersk Tankers
Amazon-backed Amogy teams with Trafigura to scale up ammonia cracking Tech and trading companies wants to support global market in hydrogen with ammonia as a carrier
New Fortress Energy plans to start up first FLNG unit by mid-2023 Company invites investors and analysts to yard site to inspect progress on conversion of offshore assets
CLdN buys Seatruck Ferries from bulker owner Clipper Group Luxembourg-based ro-ro ferry operator acquiring Irish Sea operator for undisclosed sum as Danish group looks to focus finances on core bulker markets
'Continued progress': Clarksons' Stephen Gordon logs 20% jump in OSV rates this year Researcher believes owners will enjoy even better utilisation and stronger earnings in coming months
Cheniere ramps up emissions monitoring for LNG carriers Emissions monitoring kit will be a requirement on the US liquefaction giant's burgeoning chartered fleet
Euronav plots suezmax newbuildings deal in South Korea Tanker giant resumes fleet renewal moves after agreeing merger with Frontline
Damen working on new installation ships ahead of huge floating wind expansion Dutch shipyard group teams with suppliers and vessel operators to design bigger, more efficient units
All 19 seafarers rescued as bitumen tanker sinks off India Indian Coast Guard swings into action after distress call from the Parth
Cleaves sees tanker rate records ahead as 600 extra MRs needed Huge demand impetus on clean and dirty side points to a lucrative winter for owners, investment bank says
UN hits revised appeal target for 'timebomb' off Yemen Dutch government says work can begin on lightering oil from FSO Safer when governments pay up
Ostergaard Rechnitzer details 'four pillars' of ESG for Uni-Tankers Co-owner of giant tanker and bunker group USTC unveils first sustainability report
UK shipping fund Tufton lines up $60m loan as Marinakis tanker swoop confirmed UK fund has chartered out MR pair to Trafigura
Private equity pumps $80m into freight platform Xeneta Norway start-up now said to be worth $265m following second fundraising in less than 15 months
'Mind-boggling': Gram beats expectations as it locks in another $135m for car carriers Panamax rates reach elevated levels in booming market
Skuld's Hansen drums up profits as insurer celebrates 125 years Commercial and mutual business lines have started to chime for Norwegian club
Hyundai yards win $378m worth of container ship feeder and MR newbuilding orders Hyundai Mipo to build up to six feeder container ships while Hyundai Vietnam will construct four product carriers
Another vessel damaged at Cosco Shipyard by Typhoon Muifa BP floater latest vessel to feel the wrath of the strongest tropical cyclone to hit the Yangtze River Delta in a decade
Hong Kong's Chellaram adds two more ultramax bulker newbuildings to orderbook The company is renewing and expanding its fleet
EuroDry sells older panamax bulker amid slipping dry bulk prices Shipowner will have one other 2000-built panamax in its fleet once deal is completed
Red flag: Shipping lines suddenly a lot less interested in renting ships Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
Amazon dials back air cargo expansion as e-commerce sales slow Amazon is slowing down its air cargo expansion as online sales slow but putting more volume through its new Northern Kentucky hub.
Viewpoint: Trade is the harbinger of the supply chain - expect more labor strikes A decrease in shipment arrivals as a result of congestion delays is a byproduct of labor strife.
Selection nears for DHL Express' US West Coast air hub DHL is opening new package terminals at U.S. airports as demand keeps growing. The newest facility will be in Atlanta.
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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