MSC Cruises cuts steel for LNG-fueled American-market ship Geneva, Switzerland, headquartered MSC Cruises and French shipbuilder Chantiers de l'Atlantique today marked the official start of construction on MSC's second World Class ship by cutting the vessel's first steel. The cruise
Wärtsilä to supply electrical package for new research vessel Wärtsilä is to provide and integrate the electrical system package for the new German research vessel Meteor IV. Its scope of supply includes the design integration of all the electrical systems and
Mayorkas faces Congressional ire over Jones Act waivers The bipartisan leaders of two key House panels have written Secretary of Homeland Security Alejandro Mayorkas expressing their concern over his approvals of recent Jones Act waivers. The letter, which concludes with
Svitzer adding 3 newbuilds to Americas fleet Maersk group towage operator Svitzer is to take delivery of two new ASD tugboats and one workboat, expanding its fleet in the Americas region. With the three newbuilds, the fleet of Panama
APM Terminals Liberia appoints new managing director Clay Crain is the new director of APM Terminals Liberia and will take up his duties on 1 November. He will replace Jonathan Graham who will take on a new role within APM Terminals' global operations, moving back to the United States. "As I transition into my new role, I am confident that APM Terminals Liberia will be in safe hands with Clay, who is no stranger to West Africa and who has a deep un
Maersk-operated 5,500 TEU vessel suffers power loss in Australia waters The 5,500 TEU boxship Rio Madeira suffered an electrical power outage causing loss of propulsion on 20 October, while it was sailing to Sydney, Australia from the port of Singapore. After the incident, the Singapore-flagged container vessel was towed into the port of Sydney and berthed at Sydney Hutchison terminal, where repairs were carried out on 23 October. The ship, which had onboard 3,380 co
Maersk, SCZONE and Siemens Energy discuss green hydrogen projects Representatives of SCZONE, Maersk Egypt and Siemens discussed the identification of the green hydrogen industry and its complementary industries. During the meeting, the officials discussed the framework of the feasibility studies prepared by the companies in preparation for the signing of the final contracts at the cop27 summit, for the implementation of the pilot phases of the projects. "SCZONE
Wan Hai holds naming ceremony for 13,100 TEU newbuildings Wan Hai Lines held a ship naming ceremony on 20 October for the first two vessels in the series of 13,100 TEU container vessels built by Samsung Heavy Industries Geoje shipyard. Wan Hai A07 and Wan Hai A08 are designed with a length overall of 335 meters, a breadth of 51 meters, a draft of 16 meters and a maximum cruising speed of 22 knots, which is currently one of the largest ship type in Wan H
Public charging and hydrogen filling station opens at Gothenburg The port of Gothenburg in Sweden will have the first public charging and hydrogen filling station in Scandinavia, a subregion in Northern Europe. The facility is owned by the American Circle K store chain. The aim of the station is to become a new hub of the port for facilitating the transition from fossil to electricity and alternative fuels for heavy goods traffic. Initially, there will be six
Cyclone leads to suspension of container operations at Bangladeshi ports With cyclone "Sitrang" approaching Bangladeshi coasts, handling of containers and bulk cargoes at both the Chittagong and the Mongla seaports remained suspended from Monday (24 October) morning amid high wind and heavy rains. The port authorities have sent all vessels to the deep sea from the jetties and the equipment was packed to avoid any incidents. The Chittagong port authority has issued the
Berthing, trucking delays continue at Ningbo Freight forwarders and liner operators are advising of trucking delays as Ningbo-Zhoushan port continues to operate under closed-loop management, with shippers urged to divert cargoes to Shanghai. The city, home to China's second-busiest container port, and the world's third-busiest box port had a three-day lockdown imposed on 14 October after Covid-19 infections emerged in the Beilun district. T
Top 10: The busiest container ports in the United States Several important container ports are located in the United States and are key gateways for national and global trade. Below, you can find a list of Container News for the busiest box ports in the US in terms of TEU volumes in 2021. Port of Los Angeles , California - 10.7 million TEUs in 2021 1 of 9 The Port of Los Angeles (POLA) is the busiest port in the United States for the last 21 years, and
HHLA handles first ammonia shipment from UAE to Germany The first trial shipment of ammonia from the United Arab Emirates to Germany has been successfully completed and arrived at the climate-neutral HHLA-operated Container Terminal Altenwerder in Hamburg for polymer products manufacturer Aurubis. Peter Tschentscher, first mayor of Hamburg, Michael Westhagemann, Hamburg Senator for Economy and Innovation, Roland Harings, CEO of Aurubis and Torben Seeb
Peel Ports, Unite unable to find common ground, another strike action begins in Liverpool Negotiation discussions between Peel Ports, owner and operator of the Port of Liverpool in the United Kingdom, and the British trade union Unite have ended one more time in chaos and another two-week strike has begun today (24 October). On the one hand, the port owner claims that Unite has rejected an improved pay offer, while on the other hand, the union says that Peel Ports' board continues to
"Port of Hamburg will not be sold to China," said HHLA spokesman German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) is still in the ongoing process of obtaining the necessary investment law approval, while it is not aware of any rejection by six federal ministries, regarding the potential acquisition of shares in HHLA container terminal by COSCO. In particular, COSCO Shipping Port Limited (CSPL) is expected to acquire a maximum of 35% of
MSC to acquire global towage operator Rimorchiatori Mediterranei MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has agreed to buy 100% of the share capital of Rimorchiatori Mediterranei S.p.A., an international towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia, from Rimorchiatori Riuniti and a fund managed by DWS's Infrastructure Investment business. With this transaction,
Performance Shipping eyes younger tankers as it ships out 15-year-old aframax Greek tanker owner Performance Shipping has sold an ageing aframax as it scouts for younger ships on the market. The Nasdaq-listed firm has offloaded the 2007-built to an undisclosed buyer for $34m, nearly three years after purchasing the vessel from Zodiac Maritime for $26m. The Japanese-built ship is estimated at $32.4m by VesselsValue. "Aframax tanker ...
Jinhui offloads ageing supramax Jinhui Shipping and Transportation has offloaded its third vessel this month. The Oslo-listed Chinese bulker owner is selling its eighteen-year-old supramax to Kong-incorporated Xinfeng Shipping for $13.3m. The Japanese-built 52,100 dwt ship will deliver between November 25 and December 19 this year. Jinhui, which has owned the vessel since 2006, said it would realise a ...
China Merchants preps car carrier for international market China Merchants Energy Shipping (CMES) is getting ready to enter the international vehicle carrier sector backed by the continuous export growth of domestic carmakers. The Shanghai-listed energy transport unit of China Merchants Group has completed modifications to its 2009-built 4,900 ceu vessel, . The process was approved by the China Classification Society and the company ...
Oilfield services giant Schlumberger rebrands Houston-based oilfield services giant Schlumberger is rebranding to highlight its capability to develop lower-carbon businesses, Reuters reported Monday. The move will see the company move forward as SLB with a new color scheme and logo. The company's chief executive Olivier Le Peuch noted that the rebranding to SLB does not mean that the company would ...
Russia rushes to fix tanker fleet with six weeks to go until EU crude ban starts With six weeks to go until Europe's ban on Russian crude kicks in, the scale of the global tanker fleet rejig Moscow is attempting is coming into focus. By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU club can no longer have crude oil onboard that ...
Euronav confirms double suezmax order Euronav has confirmed a tanker order first covered by Splash a fortnight ago. The Belgian tanker giant has booked a pair of scrubber-fitted suezmaxes at Daehan Shipbuilding in South Korea for delivery in Q3 of 2024. The vessels will have the structural notation to be LNG ready, and will likely also be deemed ammonia and ...
Pacific Basin raids the secondhand market Hong Kong's Pacific Basin has raided the secondhand bulker market, showing its dedication to Japanese-built ships. Sales registers show that the Martin Fruergaard-led handymax and supermax specialist has grabbed an 11-year-old scrubber-fitted ultramax, the 62,000 dwt, Oshima Shipbuilding-built . The Hong Kong-listed owner paid $22.2m for the ship. The owner is also linked to the ...
PGS books seismic survey in Namibia Norwegian offshore seismic acquisition specialist PGS has won a contract from an undisclosed energy major for a 3D exploration project in Namibia. The Oslo-listed company will mobilise the 2013-built to carry out the survey. The contract value has not been disclosed, but PGS boss Rune Olav Pedersen said the deal secures visibility for the vessel ...
NYK developing onboard waste-to-energy solution Nippon Yusen Kaisha (NYK) will work with LPG distributor Astomos Energy on a project to convert organic material onboard ships into fuel. The two Japanese companies are working with Sustainable Energy Development, a company NYK invested in two months ago, on the study which will aim to have installed an organic waste treatment system that ...
MSC buys Italian towage operator Mediterranean Shipping Company (MSC) has agreed to acquire 100% of the share capital of Rimorchiatori Mediterranei, a towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia, from Genoa-based Rimorchiatori Riuniti and a fund managed by DWS's Infrastructure Investment business. No price for the transaction has been revealed. Diego Aponte, MSC president, commented:
Another two-week strike starts at Liverpool port Liverpool dockworkers are downing tools for another two weeks from today as a bitter pay dispute between Peel Ports and trade union Unite shows no sign of resolution. Peel Ports chief operating officer David Huck commented: "It's hugely disappointing that Unite has staged yet another outdated show-of-hands mass meeting which has, very predictably, failed to ...
Politicians demand answers on 'novel and problematic' Jones Act waiver Bipartisan leaders of the US House Committee on Transportation and Infrastructure wrote last week to the Secretary of Homeland Security and the Secretary of Transportation to express their concern related to a Jones Act waiver issued by the Department of Homeland Security (DHS) for the delivery of fuel to Puerto Rico by a foreign vessel. "We write ...
US moves forward with offshore lease sales in Gulf of Mexico and offshore Alaska The US Bureau of Ocean Energy Management (BOEM) has announced the next steps for oil and gas leasing on the Outer Continental Shelf (OCS). These steps include a proposed sale for the Gulf of Mexico region and completion of an environmental review for Cook Inlet, offshore Alaska. BOEM has today announced in the Federal Register ...
ICS outlines levy on shipping carbon emissions to reward alternative fuels 'first movers' Sustainability fund aims to reduce complexity and find compromise as IMO works to finalise its revised greenhouse gas reduction strategy...
Survey reveals extent of female seafarer discrimination About 60% of female seafarers report being subjected to overwhelming discrimination on board ships, coupled with harassment and bullying, new...
ABB ordered to pay $159m over misrepresentation of Azipods' safety NCL's lawsuit alleges ABB purposefully misrepresented reliability and safety of propulsion system
Black Sea grain corridor facing delayed journey times of over 27 days Delays in inspection have increased voyage times for the grain corridor, with more than 40 vessels taking at least 27...
Russia needs giant tanker fleet to continue oil exports amid sanctions Despite increasing opaque secondhand deals for older tonnage, Russia will face a capacity shortfall to move all its oil once...
MS Amlin hires Paul Evans Mr Evans is a former deputy chair of the Lloyd's Market Association Property Reinsurance Panel
S&P downgrades Swedish and West 'We are expecting more clubs to follow, particularly London Club and American Club. We think there's a small possibility for...
Euronav orders pair of suezmaxes that could be ammonia- and methanol-ready While the ships will be LNG-ready, Euronav is working with the yard to get them ammonia- and methanol-ready, giving the...
MSC to acquire towing business in latest expansion Mediterranean Shipping Co has been growing its terminal interests. It has now added towage to its portfolio
CIMC pays Maersk $85m to settle failed reefer business acquisition Chinese state conglomerate is required to pay a settlement fee, which accounts for about 8% of the total value of...
The week in charts: Longer berthing time at Ningbo | US west coast imports slide | LNG rates hit record Vessels are spending more time at berths in China's Ningbo port, collisions occur in Sea of Marmara as congestion intensifies...
Third strike starts at Liverpool as talks collapse Dock workers at Liverpool have stopped work for a third time in an ongoing pay dispute. Peel Ports says action...
Boxship bottlenecks on US east coast begin to unwind Backlogs on the east and Gulf coasts are easing during what is normally the traditional peak season, but inland congestion...
China Merchants poised to enter international car shipping CMES has signed long-term contracts with leading automobile manufacturers to develop a line of business related to long-haul trades. It...
Okeanis VLCC undamaged after Yemen drone attack The vessel immediately abandoned loading operations and left the port for international waters
Daily Briefing What can shipping expect from China? | The Lloyd's List Podcast: Does decarbonised shipping feel safe to you?
US LTL group launches standard digital BOL More than two years in development, a standard electronic bill of lading for less-than-truckload shipments promises to streamline the flow of data, providing greater visibility to shippers.
Bangladesh boosts share of US imports from Asia US ports saw a jump in shipments from Bangladesh this year through August, mostly from apparel and clothing accessories, as importers support a "China-plus-one" sourcing strategy.
Intra-Asia carriers see revenues fall as rates slide The rate declines seen in major ocean trades this year have begun to seep into intra-Asia markets, with regional carriers now reporting lower revenues and volumes.
US LTL market softening, but not by much: 3PLs US shippers will find LTL savings in 2023, but the biggest savings will go to those who can accurately forecast demand and fit freight to carrier networks, according to BlueGrace Logistics.
Liverpool dockers in new two-week strike as pay dispute escalates The increasingly bitter dispute between the union and Liverpool's terminal operator is over pay increases labor is seeking to compensate workers for the UK's runaway inflation rate.
Limited ice class tonnage tipped to hobble Russian exports Even if steps are taken to maximise the fleet it has, BRS Groups says it will not be enough to maintain current export levels
Imperial Petroleum profits shows equity raise strategy worked Vafias-backed owner boosts revenue and profits following acquisitions backed by share sales
Wista releases 'shocking' survey on onboard gender discrimination Two-thirds of female seafarers report having encountered this while at sea, according to Wista International survey
Plunging charter market provides opening for container shipping newbies Plummeting rates and shorter periods enable entry of second and third-tier liner players
Kirby's inland barge business drives swing to profitability Houston barge owner expects further improvement in the inland business. Coastal transportation will see more 'modest' gains
Cruise companies promise to behave at France's Cote d'Azur Best-practices charter for French Mediterranean waters pushes for quick emission cuts and slow steaming when whales are around
Navios Holdings buys back less than half of shares sought in $20m tender offer New York-listed owner of Navios South American Logistics snaps up $9.24m of preferred shares
Ex-Oldendorff staff set up Costamare-backed bulker platform in Copenhagen, Hamburg and Singapore Former employees of the German operator are setting up a commercial platform that will operate capesize and panamax bulkers
The $200,000 loan that began Aponte's $100bn MSC empire Unhappy former client says he helped founder to start the company with cash for first vessel purchase
'Tactically advantageous': Performance Shipping gets strong price for older aframax Athens-based shipowner sells a 2007-built tanker for more than its purchase price
Oldendorff defectors flock to Copenhagen and Hamburg to set up Costamare Bulkers Greek shipowner Costamare has plans for the 45 bulkers it bought last year and has poached staff from German operator to run them
Focused MSC owner Gianluigi Aponte is not slowing down yet Hands-on founder is still imposing his values on giant Swiss shipping group
S&P downgrades two P&I clubs as investment income slumps West of England and the Swedish Club's capital strength has been impacted
UN says Black Sea deal renewal is 'critical' as Kyiv blames Moscow for Bosphorus delays Istanbul gridlock reaches 150 ships after almost 8m tonnes of grain manage to get shipped out of war-torn Ukraine
War has propped up tankers amid economic 'dark clouds'. A Russian exports slump could change that Shipbrokers Poten & Partners and Gibson raise questions over how long geopolitics can support tanker rates
Clarksons tips VLCC rates 'significantly' higher than $100,000 per day Investment banking arm of UK shipbroker says next few weeks and months will see big gains for owners
Fujian Guohang scores approval for listing on Beijing Stock Exchange The cash raise from the IPO will be used to buy bulk carriers and supplement working capital
Cypriot owner SMT expands bulker fleet with Chinese supramax Low-profile Limassol company has added five vessels so far this year
Comment: Carbon rules not fit for purpose won't get the job done
Russia faces 'yawning' shortfall of tankers before price cap turmoil Capability remains to build up fleet of ageing tankers to service trade in sanctioned Russian crude
Shipping Corp of India transferring $121m to spin-off as privatisation moves forward Indian state shipowner also trying to sort out issues arising from defunct Iranian joint venture
Insurance broker Marsh expects P&I clubs to push for 'unjustified' rate rise But premium hike at next February's renewal should be less than 2022 after massive fall in claims
EU policy seen as blocking scale up of cross-border liquefied CO2 exports by ship Peter Livanos' new LCO2 shipping venture EcoLog makes plea for urgent action to speed decarbonisation
Fujian Guohang gets approval to list on Beijing Stock Exchange The cash raise from the IPO will be used to buy bulk carriers and supplement working capital
Norway's NRP sells investment management arm Procurator to View Shipping asset manager transferring 41 staff members to new Oslo-based partner
MSC snaps up world's third largest tug firm Rimorchiatori Mediterranei Swiss containership giant buys Italian harbour towage operator with 170-vessel fleet from Italian owner and asset manager
American Shipping beats OSG rate by 19% with new Jones Act tanker deal The third of three tankers set to be redelivered at the end of the year will have a new operator following its break with OSG
Greek master killed while towing Azamara Cruises vessel in Aegean 45-year-old man trapped in his cabin under unexplained conditions
New tankers needed: Euronav confirms deal for ammonia and methanol-ready suezmaxes Two more million-barrel ships added to orderbook at DH Shipbuilding
Safeen reveals offshore expansion with Singapore-owned dive support vessel acquisition AD Ports Group subsidiary says it sees significant potential for growth in the Middle East's subsea support sector
Royal Caribbean gives sneak peek of what will be world's biggest cruise ship Fuelled by LNG and featuring the Miami giant's first fuel cell, vessel also has the largest waterpark on a vessel and the first family raft slides at sea
MSC acquires Italian tug firm Rimorchiatori Mediterranei Swiss containership giant buys world's third-largest harbour towage operator from Italian owner and asset manager
War has propped up tankers amid economic 'dark clouds'. A Russian exports slump could change that Shipbrokers Poten and Gibson raise questions over how long geopolitics can support tanker rates
Did US slash imports too much, setting stage for shipping rebound? Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the "bullwhip effect," rates and global trade.
MSC acquiring international harbor towage provider "At MSC, we want to continue to improve towage service efficiency and expand Rimorchiatori Mediterranei, building on the impressive work of the Genoese families that have developed the company the past 100 years," MSC CEO Soren Toft said.
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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