Viking takes delivery of second expedition ship Torstein Hagen's Viking Cruises today took delivery of its second expedition ship, Viking Polaris, in a ceremony at Fincantieri subsidiary Vard's Søviknes, Norway, shipyard, where Viking's first expedition ship, the Viking Octantis,
VIDEO: Silver Ships delivers landing craft workboat Theodore, Ala., headquartered Silver Ships, Inc. has recently delivered a multi-mission Explorer 40 landing craft type workboat to the Suffolk County, New York, Public Works Department The Suffolk County PWD's mission is
Ferry Service Expansion Act introduced Congressman John Garamendi (D-Calif.) and U.S. Senator Patty Murray (D-Wash) have introduced the "Ferry Service Expansion Act," seeking significant additional funding for a number of programs - including the retrofit of current
Windcat Workboats plans another 6 hydrogen-fueled CTVs Windcat Workboats and CMB Tech, both part of the CMB, have announced plan to order an additional six hydrogen-fueled crew transfer vessels (CTVs) by 2024. This follows the delivery of the Hydrocat
CMA CGM boosts digital rail services in North India CMA CGM is actively advancing its tech-enabled services for Indian hinterland customers as they constantly seek supply chain improvements. The Marseille-based liner has added a string of four busy northern inland container depots (ICDs) to its 'digital forwarding system' that it had piloted at two northern India locations in April. "Effective 3 October 2022, CMA CGM will be introducing the implem
Irish container port opens new 330,000 TEU terminal The Port of Cork in Ireland has opened a new container terminal, called Cork Container Terminal, located in Ringaskiddy. The new US$86 million box terminal will have the capacity to handle 330,000 TEU, once it will be fully operational. Cork Chamber said the launch of the Port of Cork Company's new 135,000m² terminal in Ireland represents a big step forward for Cork and the Port of Cork. "This ne
SAFEEN Feeders, Saif Powertec sign charter deal for three boxships AD Ports Group's shipping company, SAFEEN Feeders has signed a charter agreement with Saif Powertec for the purchase and chartering of three container ships. According to the deal, SAFEEN Feeders will charter an initial
Ukraine invasion has permanently changed the map of the oil market China's Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Crude trade volumes in 2022 are seeing conflicting dynamics. The historical 'engine' of growth, China, is contracting. We expect China's import volume growth to be negative for the second consecutive year, dropping ...
Seaspan parent Atlas gets increased and final go-private offer Poseidon Acquisition Corp has increased its buyout offer for the New York-listed asset manager Atlas Corporation, the parent of the world's largest containership lessor, Seaspan. The consortium composed of Japanese liner operator Ocean Network Express (ONE), Atlas chairman David L. Sokol, certain affiliates of Fairfax Financial Holdings and the Washington family is ready to pay ...
Rosetti Marino wins Argentine offshore platform contract Italian fabricator and shipyard Rosetti Marino has won a contract from TotalEnergies and its partners Wintershall Dea and Pan American Sur for the construction of the Fenix gas field platform, which will be installed 60 km off the coast of Terra del Fuego in southern Argentina. The contract involves engineering, procurement, construction and commissioning (EPCC) ...
Fred Olsen 1848 and Huisman showcase floating wind maintenance concept Fred Olsen 1848 and Dutch heavylift specialist Huisman have joined forces to develop a floating maintenance solution for the floating offshore wind sites. A Bonheur company, Fred Olsen 1848, has developed what it says is a complete solution and operational procedure for major component exchange for floating wind turbines, with Huisman developing the crane required ...
DDW Offshore seals one-year AHTS charter Norway's DDW Offshore, a subsidiary of Akastor, has been awarded a contract by Petrofac for the 2012-built anchor handling tug supply (AHTS) vessel . The contract, with an undisclosed value, commenced on September 27 and will last for one year. The Bahamas-flagged AHTS will support the disconnection of the FPSO Northern Endeavour together with towing ...
New York trumps LA and Long Beach in box throughput for the first time In the extraordinary period for container shipping where seemingly all old metrics have been discarded, another new astonishing statistic has emerged - the United States has just crowned the port of New York and New Jersey as the nation's top port for box throughput for the first time. Figures compiled for the McCown Container Volume ...
Felixstowe's next strike starts Around 1,900 staff have gone back on strike at the UK's largest port, Felixstowe, from today for another eight days as a bitter pay dispute with Hutchison Ports shows no sign of a breakthrough. A previous eight-day strike action last month brought the port, which handles more than 40% of Britain's boxes, to a standstill. ...
SAL Renewables rebrands as Atheleon Offshore wind maintenance and support services company SAL Renewables, part of German shipping and logistics group Harren & Partner, has changed its name to Atheleon. SAL Renewables acquired jackup vessels Wind Lift I and Thor in 2021 and 2022 and completed a number of projects in and around the waters of northern Europe. Atheleon will ...
Russia seen taking over much of Iran's dark tanker fleet Russia is taking away an ever large slice of the so called dark tanker fleet from Venezuela and Iran to ship cargoes to Asia. According to brokers Braemar, 33 tankers that have previously carried either sanctions-hit Iranian or Venezuelan crude have loaded Russian oil or oil products since April this year with aframaxes and suezmaxes ...
Safeen Feeders expands again with Bangladesh boxship deal Safeen Feeders has extended its partnership with Bangladesh-based Saif Powertec, having signed a new containership charter agreement for up to 15 years. The deal builds on the long-term trade facilitation and shipping tie-up the two parties formed in April to facilitate trade and cargo services from Fujairah to Bangladesh. As part of the collaboration, Safeen ...
Imabari buys into Hitachi Zosen's engine business In the latest chapter of consolidation in the Japanese ship construction sector, the nation's top yard and one of its largest marine engine manufacturers are joining forces. Hitachi Zosen has announced plans to spin off its marine engine business and sell a 35% stake in the new company to Imabari Shipbuilding. The vertical integration deal ...
Gulf Marine Services clinches new vessel contract UAE-based liftboat operator Gulf Marine Services (GMS) has won a new contract with an engineering, procurement and construction (EPC) client in the MENA region for one of its four E-class vessels. The contract will commence in the second quarter of 2023 and last for 22 months. The London-listed GMS has a fleet of 13 self-propelled ...
MSC takes to the skies Mediterranean Shipping Co (MSC), the world's largest containerline, has joined its peers at the top of the liner rankings by going into the aviation business. The Geneva-headquartered firm has debuted MSC Air Cargo, something that will take to the skies from early next year in response to customer demand, MSC said. The Aponte family firm ...
Canadian Port of Argentia and Torrent Capital establish joint venture Newfoundland's Port of Argentia and Nova Scotia-based Torrent Capital have established a joint venture company, Argentia Capital Inc. (ACI), which will focus on the construction of port infrastructure, the provision of services and equity ownership in businesses that support the aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. The ...
Singapore fights maritime talent battle Many in the Lion City's shipping circles are struggling to find the right calibre of employee. How to fix this? Talent has been, is, and is likely to remain a major challenge for those involved in maritime in Singapore. The Lion City was, in building its international maritime centre, flexible and pragmatic regarding employment passes. ...
Petro Rio to acquire TotalEnergies' interest in Itaipu oil field Brazilian oil company Petro Rio has signed an agreement with TotalEnergies E&P Brasil for the acquisition of a 40% interest in the Itaipu field in the BM-C-32 block in the pre-salt of the Campos basin. Together with the 60% interest in the oil field Petro Rio acquired from BP in July 2021, this transaction will ...
SEP 26Ukraine invasion has permanently changed the map of the oil market China's Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Crude trade volumes in 2022 are seeing conflicting dynamics. The historical 'engine' of growth, China, is contracting. We expect China's import volume growth to be negative for the second consecutive year, dropping ...
Shipping has found a new normal, says DP World executive DP World chief operating officer Teimen Meester is optimistic that vertical logistics integration, greater efficiency and better relationships with clients...
Florida ports brace for 'extremely dangerous' hurricane Some weakening is expected as the weather system approaches Florida's west coast, but slower forward motion will likely prolong its...
Oil spill fears if Russian tankers shun pilots for transit though Danish channel Concern about Russian tanker traffic heightened as a five nautical-mile area in the Baltic Sea closes to navigation after suspicious...
Deepsea box fledglings cut capacity following rate rot New entrants seeking to capitalise on the lucrative container shipping boom of the past couple of years are beginning to...
Why liner operators won't be begging for lower boxship charter rates Speculation that boxship charters will be renegotiated following recent declines in freight rates are unfounded and will be limited to...
Attica Group hit by soaring fuel costs Attica sees results 'normalising' to pre-lockdown levels, despite losses in the first half of the year
Consortium increases bid to take Seaspan private Conditions for containership owners are likely to deteriorate amid a downturn in the sector. Seaspan could better face the market...
Stay ahead of the game on ESG or risk dropping out There is a need to embrace all sectors in bringing about change in relation to environmental, social and governance considerations...
Shipping warned over slowdown in China China's return to infrastructure spending and stimulus packages to spur economic growth bodes well for shipping. However, a perceived long-term...
Box shipping pendulum swings back towards favouring shippers Shippers have struggled to pay high rates for poor service, and even then not be certain their cargo would be...
Alternative financiers remain relevant in current environment Braemar is in the process of closing a transaction with a loan-to-asset value of 100% of the vessel-purchase price
Shipping on 'pause' amid market uncertainty Defaults are not a fixture in the market yet, despite the rising interest rate backdrop
IMO holds key to shipping's victory in green fuel competition Shipping must push its green fuel demand curve forward. The IMO and its green shipping rules play a decisive role...
Odfjell cautions against rush to convert to green fuels Laurence Odfjell extols the virtues of first using relatively simple and economical technology such as bigger propellers and slower speed...
Shipping decarbonisation requires greater industry collaboration There is still a lack of standardisation of reporting, terminology and data in the industry
Daily Briefing Shipping struggles under burden of 'confusing and disruptive' sanctions | Marine insurers to meet US officials on Russia oil price...
Seattle jobs dispute flares up again amid stalled West Coast contract negotiations A jurisdictional dispute between the ILWU and the machinists union over jobs at Terminal 5 in Seattle has become a major snag in West Coast contract talks between the ILWU and waterfront employers.
ILA looks to settle local port issues ahead of coastwise talks The ILA is planning to work on local contract talks as it seeks to avoid any disruptions on the East and Gulf coasts that could derail negotiations over extending the master contract ahead of the current deal's 2024 expiry.
project44 aims for product harmony with new platform Shippers are seeking unified data across the modes they use, something that has prompted project44 to integrate data into a single platform it released Tuesday.
Labor peace drives Portland's container recovery SM Lines adding new vessels to its weekly service and BNSF Railway's restart of a shuttle service are the latest wins for the Port of Portland after a labor meltdown scared container business away.
Imaginnovate: Logistics M&A opens new role for tech firms BENTONVILLE, ARK, SEPT. 28, 2022 - Logistics automation expert Imaginnovate said today that supply chain consolidation is driving its business in new directions. The technology innovator said intense logistics sector M&A activity has created demand for systems integration consultants.
'Demand unlock': Analyst 'significantly more positive' on Carnival Corp as pandemic rules go away Lower fuel prices also bode well for world's largest cruise ship owner, UBS's Robin Farley says
Greek shipowner looks to courts to avoid US arrest in bunker dispute Anosis Maritime-managed bulker in danger of arrest unless a judge steps in
Port of Tampa Bay readies for Hurricane Ian's arrival as it heads toward Florida Winds as high as 200 kph may hit Florida's largest port when it arrives on Wednesday and Thursday
TotalEnergies sees two-stage scenario for marine decarbonisation Energy major says clean hydrogen-based fuels will start to be deployed post 2030
US safety investigation reveals probable cause of Marfin-linked bulker's crash into barge National Transportation Safety Board blames faulty electronics for causing $6.22m in damage in incident on the Mississippi River in 2021
Denmark imposes no-shipping zone in Baltic Sea after Nord Stream pipeline 'sabotage' Sweden and Denmark report three leaks in Nord Stream pipelines near Danish island of Bornholm
Isle of Man flag wins newbuilding deal with low-profile MX Bulk Owner based on the island registers new ultramaxes being built in China
Denmark imposes no-shipping zone in Baltic Sea after Nord Stream pipeline 'sabotage' Sweden and Denmark report three leaks in Nord Stream pipelines near Danish island of Bornholm
LNG may not be a silver bullet but it doesn't have to be dirty Make the wrong call today on LNG and the consequences - financial and environmental - could be dire, warns Panagiotis Mitrou
Three buyers on shortlist for $600m Evergas fleet as creditors seek cash Jaccar Holdings closing in on sale of VLECs and multigas carriers a year after departure of principal Jacques de Chateauvieux
Navig8 hails relationship with Latsco as two more MRs join pool UK pools giant now has nine of the Greek owner's tankers under commercial control after 10 months of working together
Largest civilian hospital ship starts full operations in 2023 Charity gala in Geneva celebrates new Mercy Ships vessel that will start medical work in Senegal next year
Japan's Mitsui & Co linked to MR tanker order at Hyundai Vietnam Shipbuilding The product carriers will deliver by 2025
Credible green plans lacking to solve existential crisis, Asian ship executives say Decarbonisation is a matter of survival but there are still too many options and too few definite plans to get action underway now in order to hit longer term goals
Scorpio Tankers hands back another $18m to investors with buybacks US-listed owner reveals continuing repurchases of its own shares as profit rolls in
NATO warns Black Sea security threat to shipping remains high Hundreds of ships have safely sailed in and out of Ukraine but shipping in the area is still at risk
Shell paying $110,000 per day as September VLCC cargoes hit second-highest level ever Number of crude stems lifting this month beaten only by March 2020 total so far
Glencore dragged into another bad bunkers dispute by Greek owner Aeolos-linked owner says Glencore should have paid closer attention to bunker quality after 2018 fuelling debacle
Equinor pays eye-catching term rate for Oman Shipping VLCC 10-year-old Daba fixed at mid-$30,000s per day as rates continue to rise
Consortium ups offer for Seaspan parent Atlas Corp despite worsening market Poseidon raises price by 7% at a time when most container share prices are falling
Greece made guest of honour as Turks launch shipping jamboree The Istship International Shipping Conference & Gala Dinner hits the ground running
Shell paying $110,000 per day as September VLCC cargoes hits second-highest level ever Number of crude stems lifting this month beaten only by March 2020 total so far
Dry bulk asset values are softening despite bumper S&P activity, says Clarksons Scrapping has also been limited as dry cargo rates improve again
Clarksons says Nordic American Tankers sailing into an 'ocean of dividends' Suezmax specialist has room to benefit from rising asset values if rates stay strong
Japan's Mitsui & Co linked to MR tankers order at Hyundai Vietnam Shipbuilding The product carriers to be delivered by 2025 will be constructed by Hyundai Vietnam
Denmark imposes no-shipping zone in Baltic Sea after Nord Stream 2 leak Sweden and Denmark report leaks in Nord Stream 2 pipeline near Danish island of Bornholm
Boss of trading giant Vitol says European LNG infrastructure 'basically full' Chief executive Russell Hardy also expects 1m barrels of US crude to head to Europe after Russia ban
Saverys family's CMB.Tech orders six hydrogen wind farm support ships Clean shipping company's Windcat Workboats follows up deal for prototype crew transfer vessel
MSC's plan to enter aviation business gets lift-off Swiss liner giant will take delivery of four aircraft in 2023
IMO's carbon intensity rules would remove 15 VLCC-equivalents from today's fleet, says VesselsValue The analysis comes as the valuation platform launches a new tool to help owners cope with decarbonisation measure
Russia grabs growing share of 'dark fleet' at Iran's expense, says Braemar Buyers also said to prefer Moscow's better-quality grades, which are sold at steeper discounts
Supply chain effects from Hurricane Ian could linger for weeks Hurricane Ian could slash the flow of Florida products to companies and consumers in the United States and abroad.
Russian oil exports are still booming and EU is still reliant on Russia The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
Nissan steering imports through Port of Brunswick The Georgia Ports Authority's board on Tuesday agreed to spend $60 million on further development at the Colonel's Island Terminal.
Turkey stretches wings as center for air cargo activity Turkish Airlines Cargo put Turkey on the map for air cargo, but companies like MNG Airlines and Air Anka are adding to the competition.
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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