Artemis takes wraps off advanced foil ferry design Belfast, Northern Ireland, based Artemis Technologies is hoping to claim a "world first" in the race to put a high-speed all-electric, foiling ferry into actual passenger operation. It has just unveiled the
New initiative explores low-carbon options for Great Lakes shipping The U.S. Maritime Administration (MARAD) has launched a 16-month study exploring low carbon options for shipping on the Great Lakes. The research group, led by the International Council on Clean Transportation (ICCT)
Austal Philippines uses ANTS to launch Molslinjen ferry Austal Philippines has used a new vessel transportation system to successfully launch the largest ferry (by volume) thus far constructed by any Austal shipyard. The vessel, the 115-meter long high speed vehicle-passenger
MAN and ABB cooperate on next-gen propulsion solution for LNG carriers Under a Memorandum of Understanding signed at the recent SMM event, MAN Energy Solutions and ABB are to collaborate to develop of a next-generation Dual-Fuel, Electric+ (DFE+) propulsion concept for LNG carriers.
DP World London Gateway hits 10 million containers milestone DP World London Gateway has handled its 10 millionth container, nine years after the logistics hub in the capital of the United Kingdom opened for business. London Gateway last year transported 1.8 million TEU, an increase of almost 650% compared with its first full year of operation in 2014. DP World said that a new fourth berth will further increase capacity by a third when it opens in 2024. Er
World's largest container line MSC enters air cargo market The world's largest container shipping company, MSC Mediterranean Shipping Company SA aims to enter the air freight market, starting the development of a new MSC Air Cargo solution. According to a recent announcement, MSC Air Cargo has been under development for several months and the new solution will be available from early 2023, following the delivery of the first of four MSC-branded Boeing 77
Ro-Ro cargo ship catches fire at port of Tacoma Ro-Ro cargo ship Midnight Sun suffered a fire accident at the port of Tacoma in the United States on 22 September, while it was berthed at the port. The fire broke out on the upper deck of the ship and was extinguished by the crew members. According to preliminary investigation, an electrical malfunction of the equipment on deck caused the fire incident. At the time of writing, there are no repor
Maersk strengthens warehouse network in UK and Ireland Maersk has announced the expansion of its warehousing network in the United Kingdom and Ireland with the signing of a lease for two new distribution centres in Dublin in addition to a 15-year lease for a newly built warehouse in Doncaster in the North of England. The Doncaster facility is part of the G Park Doncaster Mammoth 602 development and is connected via road (close to five motorways), rai
DNV, Singapore Institute of Technology ink maritime decarbonisation and digitalisation agreement DNV has signed a Memorandum of Understanding (MOU) with the Singapore Institute of Technology (SIT) to explore opportunities to advance net-zero ambitions in Singapore's maritime sector. As part of the three-year partnership, DNV Maritime Decarbonization & Autonomy Regional Centre of Excellence will help spearhead multiple Research & Development (R&D) and educational initiatives in collaboration
New container terminal plans at Shanghai port Shanghai International Port Group (SIPG) has announced its plans to develop a new container terminal at the Yangshan Deep Water Port in Zhejiang province. SIPG aims to invest US$7.2 billion in the new box facility, which is expected to have a total annual throughput capacity of 11.6 million TEU, seven 70,000-ton, and 15 20,000-ton container berths. The construction of the new terminal is anticipa
UK port operating firms invest over US$18 million in Southampton container capabilities UK's ports group Associated British Ports (ABP) and UK's terminal operator Solent Stevedores have announced a joint investment of £17.5 million (US$18.7 million) in a new container offering for deep sea shipping lines at the Port of Southampton. ABP said the project will create a 72,840m² facility, which will connect the existing intermodal rail transport site with laden and empty container handl
Hanwha poised to take charge of DSME South Korean chaebol Hanwha Corporation is set to enter the shipbuilding business after being named today (26 September) as a preferred bidder to buy most of state policy lender Korea Development Bank's (KDB) holdings in Daewoo Shipbuilding & Marine Engineering (DSME). Founded by Kim Chong-hee, Hanwha's business spans the defence, aerospace, construction and finance sectors; the group is South Ko
World Container Index sinks to January 2021 levels, at 21-month low Spot rates on Drewry's are no longer dreary. The World Container Index (WCI) took a near 10% tumble, the first in 29 months, as the index slid down to US$4,472 on 22 September. It must be noted that the WCI recorded its highest-ever quote on 23 September 2021 at US$10,377, exactly, a year back. The WCI has now lost all of its gains since January 2021. Source: Drewry The Index had shaved 57% ever
CMA CGM to implement new US$400 PSS for reefer boxes from Europe French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) for reefer cargo, effective from 23 October until further notice. The Marseille-headquartered container line will apply the new surcharge from North Europe (except France), Scandinavia, Poland, Baltic, United Kingdom, West Mediterranean, Adriatic, Morocco, West Africa, East Mediterranean and Black Sea to Angola, Democrat
Port of Oakland reports box traffic decline The Port of Oakland's total loaded container volume dropped by 8% in August compared to the same month last year with 155,682 loaded TEUs. Loaded imports declined by 10.2% recording 87,844 TEUs last month and loaded export containers experienced a 5.5% decline with 67,838 TEUs passing through the port in August. In addition, full imports of the port of Oakland in 2022 year-to-date were down by 5%
CMB's Windcat Workboats orders six hydrogen-powered CTVs Crew transfer vessel operator Windcat Workboats, part of Antwerp-based shipping and logistics group Compagnie Maritime Belge (CMB), together with its joint venture partners Thomas Services Maritime (TSM) and FRS Offshore, will be adding six additional hydrogen-powered vessels by 2024. The new order follows the launch of the world's first hydrogen-powered CTV, the , and its ...
Safe Bulkers ships out older kamsarmax New York-listed dry bulk owner Safe Bulkers continues its fleet renewal programme, having sealed a deal to sell its 2006-built kamsarmax to an undisclosed buyer for $15.84m. The sale of the Japanese-built 82,300 dwt vessel comes with a forward delivery date within December of this year and leaves Safe Bulkers currently with seven kamsarmaxes, with ...
Adnoc Drilling snaps up two jackup rigs in $140m deal UAE-based Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has further expanded its fleet of offshore jackup rigs, having snapped up two more units for $140m. The acquisition is the fourth confirmed by the company in recent months, following deals for a total of four rigs struck between ...
Hafnia taps F-drones for deliveries in Singapore Singapore shipowner Hafnia has entered into an agreement with compatriot autonomous drone startup F-drones to use drones for deliveries to its Singapore-based vessels. The Oslo-listed product tanker unit of BW Group said the move would enable the company to rely less on the use of boats to deliver smaller loads to vessels and thereby reduce ...
Initiative launched for remote-controlled inland shipping in Germany Belgian specialist in remote-controlled shipping Seafar has joined forces with shipowners HGK Shipping and Reederei Deymann to promote partially autonomous inland waterway shipping on German waterways. The three parties involved said they view remote-controlled travel or journeys with reduced crews as a ground-breaking solution to safeguard the future viability of German as well as European ...
Hanwha Group moves to take over DSME South Korean conglomerate Hanwha Group has signed a conditional investment agreement with compatriot Daewoo Shipbuilding & Marine Engineering (DSME) to acquire a controlling stake of 49.3% and managerial control of the shipbuilder through a $1.4bn capital increase. The state-run Korea Development Bank (KDB), which has controlled DSME for 21 years, agreed to sell part of ...
MAN and ABB team up on dual-fuel electric propulsion solutions for LNG carriers German engine manufacturer MAN Energy Solutions and Swiss technology group ABB have teamed up to develop a dual-fuel electric plant concept based on MAN's recently launched 49/60DF four-stroke engine and ABB's Dynamic AC (DAC) fuel optimisation system. With the upcoming International Maritime Organization's EEXI (Energy Efficiency Existing Ship Index) for existing ships and the CII ...
China Merchants back at Dalian for more LNG carriers China Merchants Energy Shipping (CMES) has returned to Dalian Shipbuilding Industry (DSIC) for more dual-fuel liquefied natural gas (LNG) carriers. The Shanghai-listed energy transport unit of China Merchants Group has exercised an option for the construction of two additional 175,000 cu m ships, and also signed a letter of intent with DSIC for up to ...
Safeen Feeders teams with compatriot trader Invictus to expand dry bulk fleet AD Ports Group's Safeen Feeders has struck a deal with compatriot commodity trader Invictus Investment to launch a new international dry bulk shipping service. The deal will see the two companies purchase ships through special purpose vehicles, owned 85% by Safeen Feeders and 15% by Invictus Investment, and form a 51%/49% joint venture to operate ...
ADS Maritime takes stake in MR pair Terje Bodin Larsen-led ADS Maritime Holding has continued its comeback by buying into two MR tankers. The Oslo-listed company said it had acquired a 10% stake in Swiftbulk-owned Swift Omaha and United Arab Chemical Carriers (UACC)-owned UOG Sparta and will act as a disponent owner with primary responsibility for following up the owning companies' activities ...
Maersk Drilling drillship scores more work offshore Malaysia Maersk Drilling has won a contract extension from Shell worth around $153m for the 2013-built drillship offshore Malaysia. The Danish driller said Shell's subsidiaries had executed the remaining three one-well options of the current drillship contract and awarded the company an additional eight-well deal. The additional contract comes with options to add work on a ...
Singapore: The view from the top Kicking off coverage from our brand new Singapore annual report, Splash writers assess the Lion Republic's hub status. The two leading maritime hub reports - one compiled by DNV and Menon Economics, and the other by the Baltic Exchange and Xinhua - both crowned Singapore again as the world's top shipping city, an annual event ...
Shipping struggles under burden of 'confusing and disruptive' sanctions Commentators complain that 'chaotic' sanctions need extensive compliance departments beyond the scope of most shipping firms
Marine insurers to meet US officials on Russia oil price cap 'It is for the governments themselves to make regulations, but the more they can engage with industry before those regulations...
Port of New York and New Jersey is busiest in US Throughput in the port 4.6% and 4.5% higher than Los Angeles and Long Beach, respectively, as shippers continue to divert...
The week in newbuildings: LNG tankers dominate activity Newbuilding contracts for four liquefied natural gas tankers, four bulk carriers and a pair of products tankers confirmed in the...
Transatlantic freight rates face pressure from capacity deployments Capacity discipline on the transatlantic has been responsible for spot rates there remaining high as others have plummeted
MSC to launch air freight business Container lines are increasingly looking to invest their profits in diversifying their businesses. MSC joins Maersk and CMA CGM in...
The week in charts: Boxship charter rates decline further | Tanker values rising | DSME dominates LNG tanker orders Time charter rates for containerships are now coming off their historical record highs. Elsewhere, values for tankers are continuing to...
Timor-Leste port at Tibar Bay prepares to start operations Tibar Bay port has now come under the portfolio of MSC. It is capable of handling 250,000 teu, with a...
China Merchants takes delivery of enhanced wind-powered VLCC The vessel is being added to the owner's VLCC fleet of more than 50 ships, of which more than 60%...
China Merchants takes delivery of enhanced wind-powered VLCC The vessel is being added to the owner's VLCC fleet of more than 50 ships, of which more than 60%...
KDB reported to be close to DSME sale Bank officials could call an emergency board meeting as soon as later today to make a decision on the DSME...
Daily Briefing Why it's time to stop talking about shipping decarbonisation | The Lloyd's List Podcast: Where is shipping in the zero...
Oakland, Seattle-Tacoma hit by ILWU job slowdowns as deal remains elusive Slowdown tactics employed by the ILWU last week reduced cargo handling productivity in Oakland and Seattle-Tacoma and come as the union and waterfront employers continue to negotiate for a new contract.
FMC's Bentzel wants agency to harmonize container tracking While US ports would operate their own data system through the FMC's Marine Transportation Data Initiative, the agency would standardize what data needs to be shared and when.
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FMC's Bentzel wants FMC agency to harmonize container tracking While US ports would operate their own data system through the FMC's Marine Transportation Data Initiative, the agency would standardize what data needs to be shared and when.
Modernize Your Logistics. Maximize Your Profitability KDL Logistics' goal is an interactive partnership. By meeting regularly with our clients, we gain a better understanding how their business is changing and can help them minimize the effects of the global transportation market. We are industry experts committed to staying ahead of these developments and arming your team with best practices for adjusting to market forces. Our clients are more comp
MSC takes first step into air cargo market Cementing access to controlled air freight capacity is behind MSC's move to join peers CMA CGM and Maersk in launching an air cargo division.
JOC Rankings: Trans-Pacific NVOs struggle to maintain 2021 market share gains A surge in shipper demand for NVO capacity in 2021 did little to open up long-term relationships opportunities with trans-Pacific intermediaries.
Storms could send product tanker rates skyward, BRS Group says Hurricane season has been slow so far this year, but low inventories mean a storm could have a big impact on earnings
MSC's plan to enter aviation business gets lift-off Swiss liner giant will take delivery of four aircraft in 2023
Hanwha Group buy-out of DSME targeted for completion in first half 2023 Other bidders still have opportunity to launch offers on South Korean yard until deadline of 17 October
Safeen and Saif Powertech double down with $102m boxship deal AD Ports subsidiary extends long term partnership to include three feeder containerships
Safe Bulkers sells vintage kamsarmax bulker as part of fleet renewal New York-listed owner expects to deliver ship to new owner in December
UK Defence Club lands veteran Ince partner Paul Herring Thomas Millar-managed mutual takes on one of industry's most experienced lawyers
Dry bulk S&P thaws as sellers price ships 'more realistically' More owners are biting the bullet and selling their vessels amid falling prices
With Chevron and Crowley onboard, ZEI aims to take the 'magic' out of hydrogen-fuelled shipping California-based marine technology company plans to make installing zero-emissions technology as easy as possible
Poseidon players seek course - or separate courses - to more ambitious carbon target Ship-finance initiative aims to approve trajectory by 2023, but differences of marine insurance could lead to separate path to new 1.5C
Editor's selection: War to speed up low-carbon push, patient asset play rewarded and dark fleet's dirty tricks TradeWinds picks out some of the highlights (and lowlights) of the news week
EPS' Ducau bags top lot in Geneva Mercy Ships charity auction Cargo Day Ball returns after three-year hiatus because of coronavirus pandemic
China Merchants Energy doubles LNG carrier newbuilds at Dalian Shipbuilding The company has exercised an option for two vessels and inked a letter of intent for four additional ships
Altera and Stena Bulk to sell last jointly held vessel Disposal of vintage suezmax comes amid strong S&P market that also sees a VLCC first thought to go for scrap, now sold for further trading
Imabari and Hitachi Zosen forge Japanese marine engine giant Japan's largest shipbuilder and main engine manufacturer will combine in new joint venture
Parent Tankerska Plovidba buying up stock in MR tanker owner TNG Croatian tanker and bulker owner has spent $9m on daughter company's shares
Andreas Martinos-led Minerva Marine joins tanker selling frenzy with the sale of its oldest MR Tanker player sells its first ship in almost a year, as Norden also cashes in on rising asset values
Drafting a CII time-charter clause is a balancing act, says Bimco, as New Year deadline looms A new decarbonisation regime comes into effect on 1 January but the time-charter language that will define how shipowners and charterers work together is stuck at committee
'Very few' charterers are buying into the Bimco carbon trading clause as deadline looms Affinity Shipping's Hugo Wilson warns charterers are pushing back at shipowners' efforts to rewrite time charters to cover the future cost of emissions
China to the rescue: Clarksons raises 2024 VLCC rate forecast to $90,000 per day Suezmaxes and aframaxes also set to strengthen over the next two years
IUMI conference comes to terms with insurers' growing war risk Discussions at the marine insurance talking shop's annual event in Chicago centred on the conflict in Ukraine
Safeen and Invictus invest $126m on vessels for new dry bulk company UAE-based shipping upstart forms 'significant new operator' with grain trader
Danish concern over tanker pilots as Russia sanctions loom Danish Maritime Authority urges shipping to continue using pilots after sanctions kick in on 5 December
Attica Group to take over ANEK Lines in Greek ferry merger Lenders are pushing loss-making companies into bed to cope with competition, tough markets and environmental regulation
Buyer found for struggling South Korean shipbuilder DSME A South Korean conglomerate will acquire a 49.3% shareholding in the company from the Korea Development Bank
'Timely' shift into product tankers sends Tufton profit soaring to $107m UK owner expects further strengthening in asset values
Catching a falling knife: how low will container markets go? Freight rates and charter rates continue to drop at a frightening pace
OSCAR dragon boaters set fundraising record - pushing total to £2.5m Twenty-two shipping teams did battle in London's Docklands in Spinnaker's annual paddle fest to raise cash for leukaemia research
Norway's ADS Maritime takes over MR tanker duo in deal with shipping veteran Peter Georgiopoulos Norwegian owner seals new investment less than a month after failed transaction for Chinese-built ships
Data giant Kpler expands dry bulk coverage to agricultural commodities The move said to be prompted by recent supply disruptions and food security supply issues
LNG carrier rates could top $500,000 per day this winter in a super-tight market Charterers are snapping up the most efficient vessels to float cargoes and cash in on December price contango
Ukraine and state of global economy to dictate strength of VLCC rally, says Poten Shipbroker says a combination of factors is behind the surge in VLCC rates since the end of June
Russia oil sanctions: How conflict with EU rules threatens G-7 price cap The G-7 plan to squeeze Russia's oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Ocean carrier MSC launching cargo airline with Atlas Air Mediterranean Shipping Co. is taking to the skies with a new cargo airline, following on the heels of other ocean shipping lines with air divisions.
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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