VIDEO: Construction of eWolf marks a milestone Construction of Crowley's eWolf, the first all-electric tug in the U.S., is moving right along at the Master Boat Builders shipyard in Coden, Ala., and Crowley has just released a time-lapse video
Female seafarers face "shocking" levels of discrimination, bullying and harassment An in-depth survey in the maritime industry has revealed what its organizers say are "shocking figures" on gender-based discrimination against women, onboard harassment and bullying. Carried out by WISTA International, Anglo Eastern,
Offshore CCS solution promises to cut oil and gas field emissions A modularized carbon capture facility that would serve offshore oil and gas fields has received DNV approval. Developed by Aker Carbon Capture and called Just Catch Offshore, it is now ready to
What's happening in the container market? Following a period of historically high freight rates, the container sector is now experiencing a correction. The container freight market is said to have peaked, as demand concerns linked to the health of the global economy have dulled sentiment somewhat. This has led to reduced demand across the container sector, easing port congestion across Chinese and American ports and consequently softenin
World Bank and IAPH collaborate on global port infrastructure In a recently published report called "Closing the Gaps" the World Bank and the International Association of Ports and Harbours (IAPH) presented a joint action plan to improve the global port infrastructure to better serve shipping companies and other stakeholders. In particular, they outlined future port infrastructure challenges and revealed their next steps to address them. According to Worl
First test port call at new container terminal in Abidjan has been completed Between 12 and 14 October 2022, Côte d'Ivoire Terminal, holder of the concession for the new box terminal at the Port of Abidjan, successfully completed its first test port call by hosting the 1,879 TEU container vessel MSC Floriana. The exercise lasted 50 hours and during this time the unloading and loading operations on the ship using the STS gantries, and of the handling of the containers at t
Cyclone kills 35 in Bangladesh including nine crew members Eight dredger workers died Monday (24 October) night as a dredger sank in the sea due to heavy wind of cyclone Sitrang. The dredger was dredging the Sandweep channel and sending sand for Bangabandhu Sheikh Mujib Shilpa Nagar, an industrial park in Chittagong. Also, a total of 35 people died from the cyclone across Bangladesh. There were nine workers in the dredger namely Saikat-2 which sank adjac
ABP, Harbour Energy to develop CO2 import terminal at Port of Immingham Harbour Energy and Associated British Ports (ABP) confirmed their commercial relationship to develop a CO2 import terminal at the Port of Immingham in the United Kingdom. The terminal will provide a large-scale facility to link CO2 emissions from industrial businesses across the UK to Viking CCS's high-capacity CO2 storage facilities in the southern North Sea. ABP's investment plans for the new i
Taipei allays concerns over COSCO's influence in Kaohsiung port Taiwan's Ministry of Economic Affairs (MOEA) has assured that there is a low risk of mainland Chinese influence in the country's ports after opposition lawmaker Hwang Kuo-chang brought the ministry to the attention of an article in French publication Le Point. The article alleged that the Chinese government, through the Chinese state-owned shipping group COSCO, has a 30% stake in Kao Ming Contain
Port of Melbourne sees box traffic growth In September 2022, the total container throughput increased by 8.2%, compared to the same month last year, at the Port of Melbourne, which handled a total of 287,350 TEUs. Additionally, the Australian port's container volume from January to September 2022 has increased by 7.3%, according to the port's data. Last month's full overseas imports are up 10.8% from September 2021, while full overseas e
DP World surpasses 59 million TEUs in 9M2022 DP World handled 59.6 million TEUs across its container terminals worldwide in the first nine months of the year, representing an increase of 2% year-on-year. The UAE-based port operator reported 20.1 million TEUs in the third quarter of 2022, which translates to a 1.5% year-on-year growth. The box volumes in the third quarter were mainly driven by Asia Pacific, Middle East & Africa, Americas, an
CN analysis: Freight rates on Indian trades continue to trend down amid falling demand Container lines operating to/from India continue to see the pressure on freight rates build up as volumes trend down, according to the latest market analysis by Container News . On the westbound India-Europe trade, contract prices from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have now slipped to US$3,500/
FlexCold opens cold storage facility in Jacksonville Cold storage warehousing and logistics company FlexCold has announced the opening of its first facility in Jacksonville, Florida, US. The facility will span more than 14,000m² and will offer 25,000 pallet locations, while it is located 4.8 kilometres from the Port of Jacksonville. "This allows for greater speed combined with reduced transportation costs from location to location," said Flexcold.
Malaysia's Surya Nautika books four fast crew suppliers at Strategic Marine Singapore-based shipbuilder Strategic Marine has secured an order from Malaysian operator Surya Nautika for a quartet of fast crew supply vessels. The 40 m long vessels, designed by Southerly Designs of Australia in collaboration with Strategic Marine, will deliver to the licensed Petronas contractor progressively from the first quarter of 2023. The latest contract is ...
Singapore eyes hydrogen in its 2050 net zero pathway Singapore has set a new pathway to accelerate the transition to net zero emissions with hydrogen seen as a major energy source that could supply up to half of the country's power needs by 2050. The city-state has tightened its national climate target and plans to achieve net zero emissions by 2050 and peak its ...
DOF Subsea Australia convicted in diving incident case DOF Subsea Australia was convicted on Tuesday after a lengthy trial of three counts of an employer negligently breaching its health and safety duties under the Offshore Petroleum and Greenhouse Storage Act 2006. The breaches occurred during saturation diving undertaken in 2017 at the Ichthys Field on the 2011-built dive support vessel . The activity ...
Maersk and MSC gear up for Abidjan terminal launch Final preparations are underway for the operational and commercial launch of the Cote d'Ivoire container terminal (CIT) in the Port of Abidjan next month. A.P. Moller-Maersk's 2,096 teu recently made its first call at the terminal, operated by a joint venture between Maersk's APM Terminals and Mediterranean Shipping Co (MSC)'s Bolloré Ports. The test call ...
Seapeak to acquire Evergas in $700m deal Seapeak, formerly Teekay LNG Partners, has struck a deal to acquire Danish gas shipping company Evergas for $700m in cash. The deal will see Stonepeak's gas ship owner take over Greenship Gas Trust and Greenship Gas Manager from France's Jaccar Holdings, adding two very large ethane carriers and eight multigas/LNG carriers to its fleet. The ...
Ice-class 'crunch' coming as Russian winter approaches Analysts at BRS are predicting a "crunch" on ice-class tonnage as Russia's winter approaches, something that could drive premiums for this niche tonnage to "eye-watering" rates. Last winter saw record earnings for aframaxes lifting Russian crude with ships on the now suspended TD17 from Primorsk to Wilhelmshaven hitting as high as $350,000 a day in ...
COSL lands $1.9bn in Middle East drilling contracts Chinese driller China Oilfield Services Limited (COSL) has signed several long-term drilling rig service contracts with an undisclosed "first-class international oil company" in the Middle East, worth around $1.92bn. According to COSL, the latest deals indicate a new stage of deepening cooperation between the company and international oil companies in various fields of oilfield exploration ...
The Little Bulker children's book launches On Thursday this week the North American Marine Environment Protection Association (NAMEPA) will host the launch of a new book educating children on the maritime industry. The Little Bulker by Katerina Perganti Shaw will be featured at NAMEPA's 15th anniversary celebration aboard the Hornblower Infinity at Pier 40 in New York. Half the proceeds from ...
Ørsted and CIP team up for 5.2 GW Danish offshore wind push Ørsted and Copenhagen Infrastructure Partners (CIP) have joined forces to develop 5.2 GW of offshore wind in Denmark, corresponding to more than double the country's current installed capacity. As equal partners, the Danish duo has set out to develop, build and operate two 1.1 GW wind farms in the North Sea and two in the ...
Pacific nations double down on their green demands As is customary in the run up to any gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO) predicable fault lines are emerging. Oil producing nations tend to err on the side of caution when it comes to laying down green goals for shipping, while states where climate change is ...
New survey highlights the harassment and discrimination women face at sea Results from a large shipping survey have laid bare the severe gender-based discrimination against women, as well as detailing onboard harassment and bullying. The Women's International Shipping & Trading Association (WISTA International), Anglo-Eastern, International Seafarers Welfare and Assistance Network (ISWAN) and the International Chamber of Shipping (ICS) conducted a public online survey
ICS proposes new green fuel fund and reward system The next gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO) is weeks away and submissions to green the industry are flying into the United Nations body. After seeing its $5bn research and development fund idea fail to attract regulatory interest, lobby group the International Chamber of Shipping (ICS) has ...
Cyber security systems can enhance routine operational safety Advanced cyber security solutions that protect onboard operational technology can go beyond protection and actually enhance a ship's safety systems, argues Julian Clark from Ince. It no longer takes a nation state to bring down a company; it can be done easily enough by a teenager with an internet connection. Coding software is increasingly efficient ...
Water level in Mississippi River continues to drop, leading to new vessel draft limitations The US Coast Guard has said that low water in the Mississippi River north of Baton Rouge in Louisiana - the so-called Lower Mississippi, not far from the Gulf of Mexico coast - has led to a new draft restriction of 41 feet, down from 45. The affected area is a 30-mile section of the ...
Boskalis snaps up McDermott vessel Dutch offshore contractor Boskalis has expanded its fleet with the acquisition of the 2012-built construction support vessel (CSV) from Houston-based McDermott. The sister vessel of Boka Ocean, which Boskalis picked up from the Oceanteam-Bourbon joint venture in 2021, has gone for a price of $80m and will exit the pipelaying sector, according to market sources. ...
Avangrid seeks to delay review of power purchase agreements amid concern about the wind project's viability US sustainable energy company Avangrid Renewables, a subsidiary of Avangrid and part of the Iberdrola Group, has filed a motion with the Massachusetts Department of Public Utilities (DPU) seeking a one-month suspension in the department's review of power purchase agreements (PPAs) for the Commonwealth Wind project that is to be developed south of Martha's Vineyard. ...
Greek shipowners have 'no problem' adapting to green requirements for future funding George Xiradakis has just been elected the third president of the Association of Banking and Financial Executives of Hellenic Shipping
Wärtsilä expects a weaker demand environment in fourth quarter Inflation, less-favourable sales mix and the closure of its factory in Italy weighed on Wärtsilä's profitability in the third quarter...
Scrubbers using baking soda touted as environmentally friendly alternative for ships A second ship will install so-called dry scrubber using SodaFlexx technology this month
Steady erosion seen in dry bulk spot rates Although steel production rose in China during September, the picture for the overall dry bulk market remained weak, consultant says
Vehicle carriers profit from capacity constraints Growing exports of China-made cars together with port congestion in key ro-ro ports have had a knock-on effect in disrupting...
Unravelling tangled container supply chains Containerised freight supported globalisation by offering cheap, reliable transport. The events of the past two years have shown it to...
Tanker rally 'still has legs', says Evercore ISI Pending European bans on Russian oil further add to disruption to offset gloomy global economic forecasts
MSC unit teaming up to develop new Baltimore container terminal Mediterranean Shipping Co.'s terminal arm is working with a developer to build a container facility at the Sparrows Point industrial park near the Port of Baltimore.
Shippeo investment a sign that visibility not yet a winner-takes-all market A funding round into Shippeo shows that demand for visibility and fragmentation of the market continue to grow despite a slowing venture capital environment.
USWC contract talks suspended over Seattle jurisdictional dispute: sources The inability to get past the jurisdictional issue in Seattle has now led some observers to conclude that contract negotiations between the ILWU and longshore employers on the West Coast are unlikely to be resolved this year.
FMC draft on exports gives carriers wide loophole: shippers The FMC is attempting to define when it's reasonable for ocean carriers to refuse export cargo, but some shippers say the agency is making it too easy for that to happen.
DSV, K+N on track for record year as uncertain 2023 looms Volume and rates fell through the third quarter, but not enough to slow the highly elevated earnings reported by two of the world's largest forwarders.
Crane delivery in 2023 will cap Port of Miami container terminal expansion South Florida Container Terminal will be handling more volumes after the start of a new trans-Atlantic service from the Mediterranean, with the CMA CGM Navegantes making its first call to Miami this week.
Let's level the playing field for small importers Throughout the pandemic and resulting supply chain chaos, we've seen story after story about massive innovation in large, enterprise supply chains. Whether it was The Home Depot chartering vessels to secure ocean capacity or Nike's dedicated "sole train" moving product inland from Los Angeles to Memphis, global players were able to leverage data and buying power to innovate and excel during chall
US importers increasingly tapping Bangladesh amid China pivot 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.
Carriers cut Indian container surcharges amid slumping rates The surcharge revisions come as average contract prices out of Indian trades have already declined to the mid-2021 trendline and could drop further to near pre-pandemic levels.
Bumpy spot market forces US truck shippers to reroute Freight congestion, now at inland distribution sites such as warehouses and intermodal rail terminals, and on-time delivery continue to be problems for shippers despite falling trucking costs.
Futures signal rough seas ahead for dry bulk shipping as China faces economic headwinds Any spike in spot rates could be short-lived in such an environment, according to Breakwave Advisors
Excelerate inks FSRU deal with German government for Wilhelmshaven terminal US company will send its FSRU Excelsior to the northwestern port city
The vote is in: Institutional Investor reveals shipping's top equity analyst Low-key Bank of America researcher claims top spot for second year running while top three stay the same as 2021
New Iraqi shipping player tied to purchase of Latsis' oldest VLGC Firm markets keep attracting newcomers to the business of liquefied petroleum gas
Brussels' forceful voice Kopczynska quits shipping brief ahead of IMO carbon crunch European Commission's director of waterborne transport moves to agriculture division just as IMO decarbonisation debate heats up
Seafarers face human rights vacuum at sea, says charity Maritime industry is moving too slowly to protect workers or giving them a voice when things go wrong, Human Rights at Sea says
Brussels' forceful voice, Magda Kopczynska, quits shipping brief ahead of IMO carbon crunch European Commission's director of waterborne transport moves to agriculture beat just as IMO decarbonisation debate heats up
Jasel Chauhan becomes first overseas partner on board of UK's Hill Dickinson Move highlights importance of Greek practice to UK-headquartered law firm
Green shipping corridors and clean energy marine hubs offer a clear path to 2050 Two initiatives bring all the pieces of the puzzle together for both point-to-point and spot trading in pursuit of net-zero carbon emissions
Navig8 beefs up new aframax pool with more Castor Maritime tankers UK operator welcomes two additional ships from Cypriot owner
Russian uncertainty to boost product tanker demand, Fearnleys says Positive rate moves from reshuffling trade flows will trump decline in Opec volumes
'Uber strong': Will LNG spot rates hit $500,000 a day or face a market correction? Bullish mood continues to prevail as owners bat away talk that relets, project disruptions and warm weather could herald a slightly weaker tone
ABS warns over 'short timeline' for ship efficiency plans Race is on to audit tens of thousands of ship energy management plans ahead of the Carbon Intensity Indicator regulation
Energy crisis trumps recession for buoyant product tankers, analysts say Clarksons Securities says economic slump appears inevitable, but tonne-miles will hold up
Indian imports of Russian crude up nearly sixfold on 2021 Suppliers to India increasingly becoming concentrated in the hands of just four nations, figures show
Limited ice class tonnage tipped to hobble Russian exports, BRS says Even if steps are taken to maximise the fleet it has, broker says it will not be enough to maintain current export levels
ViaMar says smaller LPG vessels are in for a bumpy ride Weaker growth and fleet expansion cloud the outlook for midsize and small gas ships
Jiangnan Shipyard signs $1bn in preliminary deals for LNG and ethane carriers Two Hong Kong companies and a Singapore outfit have each signed up for two newbuildings
Imperial Petroleum profits shows equity raise strategy 'paid off' Harry Vafias-backed shipowner boosts revenue and profits following acquisitions backed by share sales
WISTA releases 'shocking' survey on gender discrimination on board ships Two-thirds of female seafarers report having encountered discrimination while at sea, according to WISTA International survey
Boskalis to delist in November after HAL seals $2.3bn takeover Dutch contractor and shipowner's biggest shareholder reaches 98% ownership after offer
Southeast Asian tanker companies linked to Russian oligarch's 'dark fleet supply line' Sanctioned Venezuelan oil was unloaded in STS transfer off the coast of Malaysia, according to tanker tracking agencies
Harry Vafias puts his neck on the line by joining hosts of Dragon's Den on Greek TV Major Greek shipowner helps bring business reality television to his home country
Wista releases 'shocking' survey on gender discrimination onboard ships Two-thirds of female seafarers report having encountered discrimination while at sea, according to Wista International survey
Wilh Wilhelmsen pitches its in-house tech to other shipowners Oslo-based Raa Labs is positioning its business to third-party shipowners after turning the Wallenius Wilhelmsen fleet into 'connected assets'
New cheaper, more efficient three-tank LNG carrier concept proposed by GTT Lower cargo boil-off and potentially cheaper design notches up two approvals in principle from class
Gas shipping giant Seapeak wins race to buy Evergas fleet for $700m Former Teekay LNG seals deal to acquire Danish operator from France's Jaccar Holdings
ICS proposes fund and reward scheme to incentivise alternative fuel use Sustainability fund will subsidise low and zero-emission fuels and help develop production and supply
Vopak Singapore eyes expanding infrastructure for ammonia bunker fuel Dutch company says move is in response to the growing demand for sustainable energy in city state
China's CMES taps robust car carrier market for growth As China moves to control more of its supply chains, state-owned firm switches domestic car carriers to international trade
Indian imports of Russian crude up nearly six-fold on 2021 Suppliers to India increasingly becoming concentrated in the hands of just four nations, figures show
Speculation swirls about buyers for DSME's unexpected open LNG carrier slots A Japanese giant and a Greek shipowner are being linked to spaces as two other owners walk away from berths
Oodles of new LNG carriers but where are the supply trains? Concerns about insufficient shipbuilding capacity for LNG carriers would be better redirected to liquefaction capacity
Sanctions are about to slam Russia's still-booming oil export trade The "shadow fleet" is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
Relief still far off for low Mississippi River, hindering barge movement Barge movement on the Mississippi River continues to be impaired by low-water levels with no end in sight.
US airports need subsidies for cargo modernization, groups say A pair of trade associations wants the government to provide up to $5 billion to support massive redevelopment for cargo activity.
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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