Foss charters in Tier 4 tug Earl W Redd for offshore wind work Vancouver, Wash., based Jones Act market equipment leasing specialist Tug Construction is to bareboat charter the Tier 4 compliant tug Earl W Redd to Foss Maritime. It will sail from Portland, Oregon,
World Dream set for auction What's the value of a 2016-built, 150,695 gt cruise ship from a top shipbuilder these days? We should get some answers after the conclusion of the Singapore Sheriff's sale of the World
Bollinger makes leadership changes following Mississippi yards acquisition Bollinger Shipyards LLC today made a number of leadership announcements following its recent acquisition of Bollinger Mississippi Shipbuilding (BMS) and Bollinger Mississippi Repair (BMR), formerly VT Halter Marine and STEHMO. Notably, all
Windcat and Damen develop "future-proof" hydrogen-fueled CSOVs CMB Group's offshore personnel transfer subsidiary Windcat has placed an order for the construction of a series of hydrogen-powered Commissioning Service Operation Vessels (CSOVs), with Damen Shipyards. The "Elevation Series" CSOVs have
World's first large-scale Battolyser plant to be located in Port of Rotterdam The world's first large scale Battolyser factory will be constructed in the port of Rotterdam to meet soaring demand for green hydrogen and electricity storage. The 1 GW per annum Battolyser factory will be located in the M4H area, an industrial site in the heart of Rotterdam. The cost of developing the 14,000 m² production site, complete with new office and laboratory facilities, is estimated to
ICTSI's Mindanao Container Terminal enhances port equipment Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.'s (ICTSI) business unit in Misamis Oriental in the Philippines, has acquired a mobile harbor crane (MHC) to further enhance capacity and boost productivity. According to MCT, the new machine will augment the terminal's existing quay cranes to enhance overall vessel handling capability by enabling simultaneous handl
Escalating protests threaten Indian hub port development at Vizhinjam The Adani Group finds itself in a fix due to an escalation of protests against its under-construction container transshipment hub project at Vizhinjam, a green-field site about 10 miles southwest of Trivandrum in southern India. The long-running unrest tied to resentments among "project-affected people," mostly from the local fishing community, took a violent turn earlier this week, casting a sha
Increased container volume at Port of Melbourne in October Port of Melbourne noted increased container volumes in October 2022 compared to the same month last year. The Australian port saw October's container throughput rise by 15.6% over October 2021 with a total of 295,149 TEU, while year-to-date box volumes are up 9.3%. Full overseas imports increased by 11.9% from October 2021 with domestic appliances, non-electrical machinery, ceramic goods, clothin
China Merchants leasing unit makes boxship debut China Merchants Commerce Financial Leasing (CMC Leasing), a lessor owned by Chinese state-owned conglomerate China Merchants Group, has bought its first container ship as it expands its shipping portfolio. CMC Leasing confirmed that it has recently purchased the 2002-built 1,618 TEU Bal Peace from Oceanmoney Hongkong, a leasing unit of another Chinese state-owned group, Xiamen C&D Corporation. Si
UWL opens first office in China UWL, an American-owned NVOCC and provider of 3PL services, has expanded its global presence with the opening of its first office in China in Shanghai's Bund area. UWL will start servicing customers on 1 December 2022. "2021 and 2022 were years of tremendous challenge for UWL and our customer base, who, to this day, remain heavily invested in China and Asia for their manufacturing needs," commente
Konecranes increases roof height with updated cabin Konecranes uses OPTIMA optimal cabin in order to increase roof height. Specifically, the Finnish port equipment manufacturer offers a new option for forklifts that increases roof height by 125 mm. OPTIMA optimal cabin's visibility is due to large, lowered windows with no corner posts, so sightlines to key working areas are unobstructed, and cameras provide multiple angles. The Electronic Machine
Ellerman City liners launches new Europe-US service UK-based Ellerman City Liners is now offering direct container service at the Jacksonville Port Authority (JAXPORT) to and from three destinations in Europe. Ellerman will begin calling the SSA Jacksonville Container Terminal at JAXPORT's Blount Island Marine Terminal with the arrival of the container ship SC Mara scheduled in late December. According to JAXPORT, the bi-weekly service offers prem
Baltic Hub kicks off construction of new box terminal Baltic Hub, formerly known as DCT Gdansk, the operator of the largest container terminal in the Baltic Sea, announced the start of construction of its third deep-water Terminal - T3 on 28 November. When fully completed in the second quarter of 2025, the new terminal will have a 717-meter-long and 17.5 meter deep quay wall and will be able to handle the largest container vessels in the world. The
MSC receives its first aircraft MSC has announced the delivery of the first MSC-branded aircraft, built by Boeing and operated by Atlas Air. The B777-200 Freighter will fly on routes between China, the United States, Mexico and Europe. Jannie Davel, senior vice president of Air Cargo at MSC, said, "Our customers need the option of air solutions, which is why we're integrating this transportation mode to complement our extensive
US leading organisations honor Long Beach International Gateway Bridge Three leading organisations representing US planners and public infrastructure operators honored the Long Beach International Gateway Bridge. The bridge was honored on Monday, 28 November, for its contribution to the national economy as a vital link in the global supply chain. Representatives from the American Council of Engineering Companies, the American Public Works Association and the America
Performance Shipping taps Alpha Bank loan to fund Latsco LR2 buy Greek tanker owner Performance Shipping has lined up another loan at Alpha Bank for up to $22m to support its fleet expansion. The Nasdaq-listed company said it plans to use the proceeds to finance up to about 50% of the purchase price of the 2013-built LR2 aframax product tanker Fos Hamilton. The 105,408 dwt ship, ...
Greek shipowners tweak tax deal with state Greek shipowners have reached an agreement with their government to revise a tax deal penned in 2019. The president of the Union of Greek Shipowners (UGS) Melina Travlos (pictured), the Greek Prime Minister, Kyriakos Mitsotakis and Minister of Finance, Christos Staikouras have put pen to paper on a new deal that will reduce charges on ...
CMB's Windcat steps into CSOV arena with hydrogen-powered series at Damen Crew transfer vessel operator Windcat, part of Antwerp-based shipping and logistics group Compagnie Maritime Belge (CMB), has tapped Dutch shipbuilder Damen Shipyards for the construction of a series of hydrogen-powered commissioning service operation vessels (CSOVs). The so-called 'Elevation Series' CSOVs have been designed by Damen Shipyards in cooperation with Windcat and CMB's clean technolog
Ellerman City Liners entering transatlantic trades UK-based containerline Ellerman City Liners is expanding its portfolio with the launch of a new direct service in December connecting Europe and the US. A long-standing shipping brand revived by the UK forwarder Uniserve made a comeback with a regular Asia to the UK service with calls at Shanghai, Ningbo, Shenzhen, Tilbury, Ho Chi Minh ...
Germany secures Qatar LNG supply under ConocoPhillips deal Qatar has agreed to supply Germany with liquefied natural gas under a long-term deal as the latter continues to seek alternatives to Russian pipeline gas supply. State-owned QatarEnergy signed deals with ConocoPhillips that will see deliveries of about 2m tons of LNG annually to Germany over 15 years, starting in 2026. Germany has been working ...
Taylor Maritime's offer for Grindrod Shipping becomes unconditional London-listed Taylor Maritime Investments (TMI) has declared its offer to acquire all of the issued ordinary shares in Grindrod Shipping "unconditional in all respects." The Ed Buttery-led TMI, through its subsidiary Good Falkirk, offered $26 per share in the Nasdaq and Johannesburg-listed rival. The offer, which expired last night, was structured as a voluntary general ...
Chinese stocks rally as shipping looks on for signs of Beijing easing covid measures The stock markets in Hong Kong, Shenzhen and Shanghai closed up today as Beijing cracked down on nationwide protests and gave an indication that it was going to up its vaccination programme among the elderly, seen as a key hurdle in the opening up of the country post-pandemic. The country had experienced anti-zero covid protests ...
UNCTAD unveils the world's most efficient tanker, dry bulk and container ports Qatar has been crowned world champion when it comes to handling liquid bulk. The hosts of this year's FIFA World Cup might have proven to be slow on the football pitch, but not so when it comes to handling tankers. The United Nations Conference on Trade and Development's (UNCTAD) 190-page Review of Maritime Transport 2022, ...
DOF swoops in to charter former Havila OCV Norway's DOF has taken the 2009-built offshore construction vessel on a long-term charter a few months after the ship was sold to an undisclosed buyer. DOF's compatriot OSV owner Havila Shipping disposed of the vessel for a reported $60m in September at the request of the lender and in accordance with the clauses of the ...
Mainstream and Maple Power join forces for Celtic Sea floating bid Mainstream Renewable Power, majority-owned by Kristian Røkke-led Aker Horizons, has teamed up with Maple Power, a joint venture between Enbridge and Canada Pension Plan Investment Board, for the upcoming Celtic Sea floating offshore wind tender in the UK, which will be launched in 2023. UK seabed landlord the Crown Estate is advancing the Celtic Sea ...
Seoul issues jail threat in bid to end trucker strike South Korea's government issued an order Tuesday for some of the thousands of truck drivers who have been on strike for the past six days to return to work. However, the strike's organisers have vowed to defy the order, even with the threat of jail terms hanging over them. The order was approved in a ...
Violent protests against Adani's Kerala port project At least 150 people were injured and over 3,000 booked Monday after a violent protest against the construction of a port in the southern Indian state of Kerala by Asia's richest man, Gautam Adani. The incident took place in the town of Vizhinjam, where the fishermen community with the support of the Latin Catholic diocese ...
Maersk Tankers creates $150m credit facility with Citi Maersk Tankers has created a new $150m uncommitted credit facility with Citi to strengthen its pools' working capital and improve cash flow for pool partners. "Tanker markets are currently experiencing volatile and high freight levels, at the same time as fuel prices are surging. This can put a strain on a tanker owner's working capital," ...
MSC takes delivery of first branded aircraft Mediterranean Shipping Co (MSC) has taken delivery of its first MSC-branded aircraft, built by Boeing and operated by Atlas Air. The B777-200 freighter will fly on routes between China, the US, Mexico and Europe. Jannie Davel, senior vice president air cargo at MSC, said: "Our customers need the option of air solutions, which is why ...
Baltic Hub adding third terminal at Gdansk port Baltic Hub (formerly known as DCT Gdansk), operator of the largest container terminal in the Baltic Sea, has kicked off construction of its third deep-water terminal (T3). The project is expected to be completed in the second quarter of 2025. The €450m ($467m) project will be undertaken in two phases. In the first phase, companies ...
Maersk and IBM to halt TradeLens operations in 2023 TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an...
Biden calls on Congress to end US rail labour dispute House of Representatives is expected to vote this week on imposing the White House-brokered tentative rail agreement on labour unions...
Port agency is a sustainability solution as well Far from being a confusion for potential recruits, sustainability in shipping is proving to be an attraction
Togo turmoil over flag registry status after 'embarrassing' violations Letter to International Registration Bureau seen by Lloyd's List cancels 10-year contract signed in 2017 with six months' notice
CULines faces charterparty default as rate collapse leaves emerging lines to flounder Move reflects uphill battle facing newer, smaller carriers on long-haul trade where freight rates have taken a nosedive in a...
Containership charter market stable after correction With few large boxships set to become open in the near future, most recent fixtures have been for vessels of...
Port of New York and New Jersey ends record-breaking run Volumes on east and US Gulf coast ports remained firm in October, while plummeting on the west coast
Jefferies expects outsized tanker earnings Jefferies equity analyst Omar Nokta raises rate estimates and company stock price targets as he expects tanker markets to remain tight
Awilco LNG secures time charter employment for fleet 'at strong rates' Income fell by 34% in the third quarter of the year, but new time charter contracts will provide a more...
North and Japan Club set out rate hike plans All but one of the 13 International Group affiliates have unveiled intentions
Declining rates to hit carriers' bottom line Drewry World Containers Index heading below its 10-year average
BW Epic Kosan benefits from tighter markets Company sees continuing positive earnings driven by increasing supply of LPG, domestic demand in Europe and a tighter market for...
Top 10 class societies 2022 DNV nudges ahead in terms of gross tonnage, but NK is ahead in deadweight tonnes and BV edges out its...
How will China's zero-Covid policy play out for dry bulk? Analysts expect that recent widespread anti-lockdown protests will pressure the government to ease restrictions sooner than expected and focus on...
Carriers told to manage capacity to avoid 'all-out rate war' Next year will see a record delivery of 2.4m teu, with an additional 2.8m teu in 2024
Unctad calls for greater supply chain resilience Pandemic-induced disruptions of the past two years are easing. But changes still need to be made to prevent a reoccurrence...
Jinhui Shipping profit suffers amid softer freight rates Company said congestion and disruption issues are likely to continue in some countries and regions for the foreseeable future
Daily Briefing Russian interference cuts Odesa ports capacity in half, says Ukrainian official | FMC's Bentzel sees upside in harmonising US data...
Maersk, IBM shutter TradeLens in surprise move TradeLens' failure to gain traction after four years was due to several factors, not least of which was trying to convince ocean carriers and their customers to provide sensitive data to a technology platform partly owned by Maersk.
Trans-Pacific vessel reliability continued upward trend in October Vessel on-time performance to US ports continued to improve in October, although carriers in the eastbound trans-Pacific underperformed global schedule reliability.
Rail shippers confident Congress will avert strike Trade groups representing railroads and shippers are confident Congress will act to prevent a potential strike in December, but that is not stopping them from discussing the stakes involved.
Carriers continue calling South Korea's Busan as truckers strike drags on South Korea's government took the unprecedented step of ordering some of the striking truckers back to work Tuesday, although strike organizer Cargo Solidarity said it would defy the order.
Ocean carriers struggle to match capacity with plummeting demand The ability of ocean carriers to manage their growing supply of excess capacity is becoming tougher by the week as supply chain bottlenecks ease and global economic headwinds strengthen.
OceanPal posts profit for third quarter after one year in business New York-listed shipowner eschews shareholder dividend after giving one for first three quarters in existence
Aristidis Alafouzos takes the reins at Okeanis Eco Tankers Founder Ioannis Alafouzos leaves top spot to son, but will remain on as chairman of the board of directors
Elderly tanker values rally as EU closes in on Russian oil embargo VLCCs and suezmaxes 20 years and older have seen gigantic rises in value this year, VesselsValue says
Performance Shipping heads back to Alpha Bank to help pay for latest acquisition Greek owner taps compatriot bank for $22m to finance half of latest LR2 buy
Diamantides scion makes bulker debut with Norden panamax Paschalis Diamantides takes next step in growing Velos
Sasebo Heavy Industries reborn after it completes conversion to ship repair Japan's largest ship repair complex is now open for business after yard withdrew from the newbuilding market
Helsinki Shipyard to auction unfinished Swan Hellenic cruise ship Finnish shipbuilder says it is the sole owner of SH Diana
Altera Shuttle Tankers confirms vessel sale but posts loss Canadian owner hurt by rising interest costs, although deficit is less than in 2021
Brave Maritime buys third capesize and cashes in on older tankers Vafias clan bets on China bounce in latest bulker acquisition
US Navy shipping unit closes in on string of charters for Indo-Pacific operations Military Sealift Command seeks five clean tankers to operate in strategically important theatre for US military
Brave buys third capesize and cashes in on older tankers Vafias clan bets on China bounce in latest bulker acquisition
Altera Shuttle Tankers confirms tanker sale but posts loss Canadian owner hurt by rising interest costs, although deficit is less than in 2021
Tanker tonne-mile surge tipped following EU Russia ban Reshuffle of Russian oil trades will give increased voyage distances for crude and product tankers
Ravi Mehrotra reveals Avance Gas VLGC buy as 'aggressive' Foresight grows fleet London-based group makes it four large gas carriers as it climbs towards 10-ship target
Shell buying Europe's biggest producer of biogas for $2bn Acquisition of Nature Energy Biogas will give energy major Danish producer of biomethane seen as an option to help decarbonise hard to abate sectors like shipping
Shipping line-up identified for Germany's newest FSRU-based project Floating storage unit and raft of small-scale vessels to be deployed at northeast port
TMI succeeds with Grindrod takeover offer to create 57-ship bulker fleet Combined companies have market cap of $919m and vessels valued at $799m
Awilco LNG predicts strong spot market as charterers scramble to secure ships Norwegian LNG carrier owner endured weaker third quarter but rates have been rising since
Nigerian stowaways reach Canary Islands perched on Greek tanker's rudder Three men managed to keep their balance for duration of 11-day voyage
Tight gas markets propel record profits at BW Epic Kosan, but clouds loom World's largest owner of small LPG carriers expects firm demand for the gas through to spring
Nikolas Tsakos says UK must look at ways of luring back shipowners Greek owner speaking as TEN is revealed as lead sponsor of LISW23 conference
MOL to spend ¥100bn on two new luxury cruise ships Move comes as the giant Japanese shipping company prepares to restart its international cruise business
Greece lowers headline shipping tax rate, but aims to take more Pressure from Brussels leads to fundamental changes in the ways the world's biggest shipowning centre taxes maritime profits
Liner consolidation to keep rates high but hurt developing nations, says UNCTAD Takeovers and logistics expansion is a two-edged sword, UN trade body warns
LNG spot rates threaten to nosedive but period levels hold firm Position lists start to lengthen as ships disgorge their cargoes, but all vessels are still earning six-figure sums
Tanker boost: Saudi Aramco reveals big plan to refine chemicals from crude New petrochemical complex to be run with SABIC from 2026
Nigerian convicted in Danish piracy trial - but will not be sentenced Lucky Frances found guilty of endangering lives following fatal fire fight in 2021
Greece lowers shipping tax but gives it more bite Pressure from Brussels leads to fundamental changes in the ways the world's biggest shipowning centre taxes maritime profits
Liner consolidation to keep rates high but hurt developing nations, UNCTAD says Takeovers and logistics expansion is a two-edged sword, UN trade body warns
Qatar out of World Cup but tops UNCTAD's tanker loading table UN trade body shows small Middle East country way out in front in terms of port efficiency
World Dream auction to test market value of large, modern cruise ships Giant former Genting ship to be sold via a sealed-tender auction in Singapore
Xingtong Shipping becomes majority stakeholder in CSSC-IMC Shipping Acquisition lifts the number of chemical tankers the Chinese tanker company controls to 31
Weaker bulker rates drag down profit at Globus Maritime US-listed owner studying the viability and availability of alternative fuels for ships such as methanol, LNG and ammonia
Japan P&I Club acts to boost flagging free reserves Move comes following ratings agency downgrade raised concerns over International Group membership
Atlas Air shareholders ratify go-private sale to Apollo consortium Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
UPS to maintain money-back guarantees for peak air service UPS said it will keep its money-back pledge on domestic and international next-day air services.
TradeLens global data-sharing platform shuttering The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Cargo interests work to block Amsterdam airport flight reductions The air cargo industry is upset about a Dutch proposal to reduce aircraft slots at Amsterdam airport because it would cut into freight traffic.
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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