Livestock carrier to be auctioned, but stranded crew have yet to receive wages The International Transport Workers' Federation (ITF) reports that a Liberian-flagged livestock carrier, the Yangtze Fortune, has been arrested in Portland, Victoria, Australia, by the Australian Federal Court. In the meantime, the Australian
Algoma Central acquires 2007-built products tanker pair St. Catharines, Ontario, based Algoma Central Corporation (TSX: ALC), today announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product Tankers fleet. Built in 2007, the sister
Galveston set to add a fourth cruise terminal MSC Cruises has plans for a new homeport at the Port of Galveston, Texas. The cruise line is in negotiations with Galveston Wharves and both entities have signed a non-binding memorandum of
COSCO to receive two electric feeder boxships in 2023 COSCO has announced that it held a ceremony for the launch of the construction of two electric container ships with a capacity of 700 TEUs. The opening ceremony of the project for the two electric vessels managed by COSCO SHIPPING Development was successfully held at COSCO SHIPPING Heavy Industry in Yangzhou, China. The project was designed to serve the main line of the Yangtze River, according t
UWL expands presence in Dallas with new office UWL, a top-10 American-owned NVOCC, is expanding its presence in Dallas, US with a new office of over 300 m² to meet the needs of the market and prepare for growth in 2023. According to UWL, Dallas' office has experienced significant growth due to customers looking for an experienced partner to facilitate moving freight through Dallas and around the globe. With its easy access to three major rail
European port giants make bunker measuring system mandatory The port authorities of Antwerp-Bruges and Rotterdam will make it mandatory to use a bunker measuring system on board bunker vessels to measure the exact amount of fuel delivered to sea-going vessels. According to the Dutch port, this follows an independent study in both Antwerp and Zeebrugge and Rotterdam, which showed regular quantity issues in the bunker market. With the measure, during the fi
Several years of poor maintenance led to APL England container loss accident A final report into the loss of containers from the 5,780 TEU vessel APL England off Sydney in 2020 notes the importance of vessel fixtures being regularly maintained to ensure they are secure and stable, according to the Australian Transport Safety Bureau (ATSB). APL England was making its way down the east coast of Australia on 24 May 2020 when, in adverse weather, it underwent a series of heav
Chittagong port set to slip from three million TEU ports' club With a significant fall of mainly the import cargo and also the outbound one, the Chittagong port is set to slip down from three million TEU club this year due to global trade disruptions linked to the war in Ukraine. This year, the prime seaport of Bangladesh will face a significant fall in its productivity, as the government curbed imports in the face of a severe foreign currency shortage. Even
MSC strengthens NWC to South Africa service MSC has announced the update of its NWC to South Africa service, revising the port rotation in Northern Europe and call at Cape Town on the Northbound leg. With this change, the largest container line in the world aims to improve transit times and schedule reliability. MSC noted it will continue to serve its customers in the Mediterranean via Sines and Las Palmas, "ensuring quick and reliable con
BIMCO continues to seek feedback on CII clause BIMCO published the Carbon Intensity Indicator (CII) Operations Clause for Time Charter Parties on 16 November 2022, after the clause was adopted by the Documentary Committee. BIMCO has since initiated a process of gathering feedback on its application from members and industry stakeholders. BIMCO said the CII clause has been developed to help address the commercial complexities of the CII regula
GEODIS launches sixth strategic control tower in India Global logistics provider GEODIS has established its sixth strategic control tower in Bangalore, India for its Supply Chain Optimization Line of Business which specializes in supply chain management and advisory. Bangalore Center of Excellence (CoE) is going to provide customers with end-to-end visibility, performance monitoring and continuous improvement to supply chain processes on a 365/7/24 m
Bunker indices show upward correction According to the weekly outlook of Marine Bunker Exchange (MABUX) for fuel prices, global bunker indices stopped declining and switched to moderate upward correction. The 380 HSFO index rose slightly to US$463.06/MT, the VLSFO index increased to US$663.08/MT, while the MGO index climbed to US$996.60/MT. "However, the emerging growth of the indices has not yet transformed into a firm uptrend," poi
Rail operations at APM Terminals Gothenburg in continuing progress The volume of containers transported by rail via APM Terminals Gothenburg in Sweden increased by 13% this year compared to 2021. "More than 55% of all goods now reach us by rail and I don't envision a slowdown," highlighted Svante Altås, senior sales executive at APM Terminals Gothenburg and added, "During the year, we introduced a round-the-clock service to meet demand and create the capacity to
PIL announces port call addition to Gulf China Service Pacific International Lines (PIL) announced the further enhancement of its Gulf China Service (GCS) with the addition of Hamad Port in Qatar to the existing calls to Jebel Ali in Dubai and Dammam in Saudi Arabia. The updated service will call Singapore on the westbound route from China to the Middle East. Currently, GCS calls Singapore on the Eastbound route from the Middle East to China and then
Sea-Intelligence sees deployed capacity remain high during CNY 2023 Chinese New Year (CNY) sees a production slowdown in Asia while the major shipping lines announce blank sailings in order to bring supply in line with demand. According to Sea-Intelligence, in 2020, the CNY extended due to the Covid outbreak, while in both 2021 and 2022 the shipping lines kept capacity high in order to cater to the high demand levels. Moreover, given that demand growth has now st
Port Authority of Gijón and Prodevelop to digitalise rail-port system The Port Authority of Gijón (PAG) is digitalising the rail-port system with a new module for railways. The award to Prodevelop follows the Port Authority of Gijón (PAG) decision to improve the management of rail traffic within the port area, in what is a clear commitment to digitalisation and sustainability within the transport and logistics chain. PAG mentions that the main objective is the impl
2020 Bulkers switches newcastlemax pair to fixed deals and seals charter extensions Norway's 2020 Bulkers has switched a pair of its newcastlemax bulk carriers from index-linked charter to Koch Shipping into a fixed-rate hire and sealed charter extensions for up to 13 months. The Oslo-listed owner's 2019-built Bulk Santiago and 2020-built Bulk Shenzhen have been fixed for Q1 2023 at $16,500 per day, including scrubber benefits. Bulk ...
Vestas taps NOS methanol-powered CTVs Danish wind turbine maker Vestas has joined forces with crew transfer vessel (CTV) operator Northern Offshore Services (NOS) to explore how the world's first methanol-powered CTV can help reduce carbon emissions from offshore service operations. The CTV, provided and developed by N-O-S, will be powered by a dual-fuel solution, capable of being powered by methanol, ...
PGS awared 4D survey by Petrobras Norwegian seismic player PGS has won a 'significant' 4D survey contract from Petrobras over the Barracuda-Caratinga field in the Campos basin offshore Brazil. The Ramform Victory will most likely be rigged to carry out the project, supported by the 2010-built PGS Apollo as a source vessel. PGS said the cost of mobilising the 1999-built vessel ...
Allseas secures Aker BP installation contract Swiss-based marine construction specialist Allseas has been selected to provide offshore transport and installation services for a new processing platform topsides facility with well bay area and living quarters (NOA PdQ) in the NOAKA area development operated by Aker BP in the Norwegian North Sea. The contract award follows the successful completion of front-end engineering ...
BIMCO responds to criticism of its CII charter clause Following widespread criticism from a host of shipping heavyweights this week over its Carbon Intensity Indicator operations clause for time charter parties, international shipping organisation BIMCO has said it will take the advice onboard. The BIMCO CII clause has been developed to help address the commercial complexities of the CII regulation entering into force on ...
Tech predictions for 2023 Angus Whiston from DeepSea on what to watch out for next year. This year has proven to be a turning point for the use of technology in shipping. From the influx of new data driven by external factors, such as sanctions, to incoming regulation from within maritime - the CII - and landmark adoption of ...
US lawmakers pass seafarer safety protections to combat sexual violence at sea New legislation includes provisions from a bill that was drafted in the wake of the Midshipman-X controversy and enacts important...
Latsco moves into containerships with two feeder newbuildings Marla Tiger and Marla Bull are equipped with the latest electronic engines as well as scrubbers
Capesize market ends 2022 on strong footing In a surprise move, spot prices moved up over $20,000 per day, with the front months edging higher. But how...
Greece-based companies hailed as Amver mainstay The Angelicoussis Group, which enrolled 110 vessels, topped participation by Greek companies in the voluntary vessel rescue system
Lars Rhodin steps down at Swedish Club 'The shipping industry is unique and it's an exciting business, but also very much a people business. So, when you...
New EU gas price cap could open up West-East arbitrage The price cap, which runs for a year, could boost tonne-miles as Asian buyers secure cargoes from the Atlantic, but...
The Lloyd's List Podcast: Top 10 for 2022 It was a record-breaking year for the Lloyd's List Podcast with more people around the world than ever before listening...
MSC-operated boxship in bomb threat on passage to Antwerp Master ordered by Belgian police to turn ship around in River Scheldt and to anchor at Vlissingen as a precaution
Capesize bulker and boxship on the block Greek shipowner sends 20-year-old bulk carrier for recycling in $12m deal, while Chinese owner sells its only containership for scrap
Infamous tanker Young Yong transfers cargo to Iranian VLCC The very large crude carrier made headlines when it ran aground in late October off the Singapore Strait. It was...
NYK appoints new president and chief executive Soga also currently oversees NYK's automotive transport and corporate communications divisions
Daily Briefing The Lloyd's List Podcast: Here's what 2023 is going to look like | Big names slam BIMCO's CII clause as...
New warehouse tenants boost NY-NJ's streak as busiest US port New Jersey's warehousing growth of just 1 percent is butting up against the 8 percent volume growth at the Port of New York and New Jersey, with ever more shippers looking to tap the port's capacity.
HMM's new inland access in India refuels single port call strategy HMM's north-south inland solution in India ties in with an evolving industry strategy to aggregate cargo with a single port call, allowing carriers to maximize capacity utilization and save on port charges.
Contract rates on trans-Pacific, Asia-Europe set to tumble: analyst Long-term rates on major trade lanes out of Asia have fallen steadily through Q4 as shippers sign fewer contracts and instead ride the collapsing spot markets.
Scrubber premium falls below 2022 average as fuel price spread dwindles, analyst says Bunker prices in the Atlantic basin are driving the lower price differences, Jefferies' Omar Nokta says
Quiet week before Christmas could set tankers up to end 2022 with a bang Activity has dropped off, potentially setting up the last week of 2022 for a flurry of fixtures
Algoma Central buys two secondhand product tankers from Valloeby Shipping Vessels will replace two 1998-built tankers in Algoma Central's fleet
Torm gets bumped into Nasdaq Nordic's large-cap index Product tanker owner saw its share price rally this year as rates skyrocketed following the war in Ukraine
Eni orders Congo FLNG unit newbuilding from Wison Heavy Industries Barge-based unit expected to be brought onstream in 2026 to beef up production from the mini Tango FLNG
Latsco reveals container ship play with feeder newbuildings in Japan The Latsis family enters the container ship business and marks a return to Japanese shipyards after nearly 60 years
Tankers in 'mad dash' for Russian diesel as ban looms Europe is looking further afield for diesel supplies in boon for the product tanker market
NYK Line boss Hitoshi Nagasawa to step down as container ship business enters 'new phase' Successor pledges to focus on stable profits and ESG in fresh business plan to be launched next year
Cartel car carriers fail to get $150m class action thrown out in UK England's appeal court says case should go ahead over six-year price fixing operation
Oman swoops on LNG carrier duo at Hyundai Samho yard at strong price Another pair of vessels will boost 2022's already stellar record tally on LNG orders to at least 167 vessels
Capacity interest at Greece's Argo FSRU terminal over-subscribed Mediterranean Gas is set to move onto a binding phase for companies showing interest in the new facility
Toyofuji Shipping lines up order for two LNG dual-fuel PCTCs in Japan Ships have been contracted as part of the the company's decarbonisation programme
MR Pivot : Greece's Chemnav pounces on Navios and UPT product carriers Coronis family outfit continues to be a busy player in the secondhand market
Soren Skou is the Alex Ferguson of shipping. Here's why The timing of the AP Moller-Maersk chief's exit puts him in an elite group of executives that have got out at the top of their game
Safeen doubles offshore fleet through organic growth Growing workload sees Abu Dhabi-based company scouring the secondhand market for good assets
FedEx to outsource more cargo flying in cost-cutting effort FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
1974: They may be the last hurdles in the way of renewed trade between the United States and Cuba. An embargo failed to work and indirect business has begun.
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