Austal Vietnam launches high-speed cat for French Polynesia Austal Vietnam's Vung Tau shipyard has successfully launched a new high-speed catamaran being built for the Degage Group of French Polynesia. Ordered in 2021, the 66 meter Apetahi Express (Austal Hull 425)
VIDEO: Iran grabs another tanker in Strait of Hormuz U.S. Central Command has released video of an incident today, May 3, when at approximately 6:20 a.m. local time, the Panama-flagged oil tanker Niovi was seized by Iran's Islamic Revolutionary Guard Corps
Philly Shipyard lays keel for third NSMV training ship The National Security Multi-Mission Vessel (NSMV) training ship program is rolling right along. On May 1, Philly Shipyard hosted a keel laying ceremony for the third of the five new purpose built,
MARAD announces 2023 Small Shipyard Grant winners The U.S. Maritime Administration (MARAD) has announced $20.8 million in grant awards to 27 small shipyards in 20 states through the Small Shipyard Grant Program. Since 2008, the program has awarded $303
Port of Gdansk elects new president tukasz Malinowski has been elected by the supervisory board as president of the management board of the Port of Gdansk Authority. The new chief executive officer is an experienced manager and legal advisor with 20 years of professional experience, specialising in corporate management and legal teams. For the past three years, he has managed the operations of the Gdansk branch of Energa-Operator S
German and Latvian ports strenthen their cooperation A group of top Latvian transport and logistics businesses, led by Uldis Reimenis, deputy undersecretary of the Latvian Ministry of Transport, visited Hamburg and Lübeck in Germany from 26 to 28 April. The German-Latvian Port Forum in Lübeck on 27 April was a highlight of the delegation's visit, organised jointly by Port of Hamburg Marketing and the Port of Lübeck, among others. The three-day agen
BIMCO: Liner supply falls as operators reduce average sailing speed In this week's "Shipping Number of the Week", BIMCO's chief shipping analyst, Niels Rasmussen, looks at the liner operators' practice of reducing the average sailing speed in the wake of the pandemic, a practice that could see sailing speeds fall by 10% before 2025, affecting supply. "During the Covid-19 pandemic liner operators increased the average sailing speed by up to 4% due to strong demand
Contecon Guayaquil handles its largest container vessel Contecon Guayaquil S.A. (CGSA), an ICTSI-operated terminal in Ecuador, handled the largest vessel in its history in April. More specifically, on 4 April, CGSA received the maiden call of the Maersk Camden, a Liberian-flagged vessel with a capacity of 15,413 TEUs. The 365.9-meter-long ship is deployed on Maersk's AC2 service, which connects Asia with Latin America through the ports of Lazaro Carde
Port of Aberdeen invests US$69 million to become UK's first net zero port Scotland's Port of Aberdeen has announced a US$69 million investment over the next ten years to become the United Kingdom's first net zero port by 2040. The net-zero promise follows the port's recent investment of more than US$625 million in infrastructure. This includes the South Harbour development, which will open up new business potential in the energy transition, such as offshore wind, hydro
Malta Freeport launches terminal expansion Malta Freeport Terminals has reached a historic deal with the government to commence its first terminal expansion in two decades. The extension of Malta Freeport will strengthen the facility's position as a premier transshipment centre while also benefiting the local economy and the environment, according to a statement. The project is expected to lengthen the north quay at the Freeport's Termina
Thessaloniki Port Authority and dockworkers sign new three-year collective labor agreement Thessaloniki Port Authority (ThPA) has announced the successful completion of the negotiations with the Federation of Stevedores of Greece (OFE) and the final agreement for the three-year period (2023-2025) Collective Labor Agreement (CLA). This agreement will regulate the terms of wages and working conditions of the dockworkers at the second largest port in Greece. President of OFE, Simeon Lefth
Cargotec, SSAB partner to bring zero-emission recycled steel to the cargo and load handling industry Cargotec and SSAB are expanding their collaboration by introducing SSAB ZeroTM, a fossil carbon emission-free recycled steel, to the cargo and load handling industry. This year, Cargotec intends to progressively incorporate this steel into its products. Already, the collaboration has resulted in the launch of the world's first load-handling equipment, a MULTILIFT hook lift built of fossil-free ste
Maersk inaugurates new office in Oman A.P. Moller - Maersk expands its network in Oman with a new office, the third one in the country. Maersk's new corporate office is located at SOHAR Freezone, and, along with the other two offices in Muscat and Salalah, covers an important part of the country. "SOHAR Freezone was a natural choice for us to set up our new office because of its strategic location at the port and the world-class infr
JAXPORT seeks proposals to lease industrial land at the Talleyrand Marine Terminal The Jacksonville Port Authority (JAXPORT) has issued a request for proposals (RFP) for a long-term lease of around 320,000 m² of industrial land at the Talleyrand Marine Terminal. The site provides direct access to paved, fenced property in four adjacent parcels at the marine terminal, a berth alongside Jacksonville's federal shipping channel, on-dock rail by multiple providers (direct switching
Container volumes drop at Germany's major box port The duisport Group said its container throughput declined by 7% to approximately 4 million TEUs in the financial year 2022. In the same period, the duisport Group handled 54.9 million tonnes of goods via ship, rail, and truck. Total traffic in all Duisburg ports (including private works ports) dropped by 5.7% in 2022 to 104.9 million metric tonnes. Amid the challenging market conditions, the Germ
Vancouver sees lower TEU volumes in 2022 Container traffic at the Port of Vancouver declined by 3% to 3.6 million TEUs, due to inland supply chain congestion. Imports fell 4% to 1.8 million TEUs, while exports dropped 2% to 1.7 million TEUs. Overall cargo volumes via the Canadian port decreased by 3% in 2022, following a 3% increase in the second half of the year, fuelled by Canadian resource exports. Furthermore, according to the Vanco
Concordia Maritime offloads product tanker Stena-backed Swedish tanker player Concordia Maritime has sold its 2010-built post panamax products carrier to a European buyer for delivery in the second quarter of 2023. The sale of the 65,200 dwt ship, VesselsValue estimates as worth $29.1m, is expected to have a positive liquidity effect of around SEK215m ($21m) after repayment of the remaining ...
South Korean yard readies for FLNG sector growth South Korea's Samsung Heavy Industries (SHI) has developed a design for what it says is a next-generation floating liquefied natural gas production facility (FLNG). The shipbuilder is aiming at field developers who want "quick and efficient development". The unit described as a nearshore multipurpose LNG floater has received approval in principle from class society DNV ...
PXGEO awarded 3D survey contract Peter Zickerman's marine geophysical service provider PXGEO has secured a contract for a 3D marine towed streamer survey for an unnamed exploration company in Oceania. A former Schlumberger executive Tony Bowman, who was recently appointed chief executive of PXGEO, said the survey will follow the successful completion of a three-month project for TGS in Asia ...
Iran seizes second tanker in a week Iranian forces have seized an oil tanker in the Strait of Hormuz, the second such incident in less than a week. The US Navy said the Panama-flagged VLCC was seized by Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) around 6.20 hrs local time while transiting from the Arabian Gulf toward the port of Fujairah in ...
Dubai issues new directive on transparency of local sea container charges The Dubai Maritime Authority (DMA), which oversees all aspects of the maritime sector in Dubai, has issued a new directive on the transparency of local sea container charges. The directive, which took effect this month, requires all service providers to declare their local sea container charges to the DMA via the Dubai Trade Single Window ...
Atlantica snaps up supramax Sources tell Splash that Norwegian asset player Atlantica Shipping, led by Johan Werner, has sealed its first bulker purchase this year, tabling just under $16m for 14-year-old, Mitsui Tamano-built supramax , a ship which was listed owned by Bancorp in the US according to MarineTraffic. The new addition brings Atlantica Shipping's supramax arm up to ...
DEME scores French wind hat-trick DEME Offshore has secured three contracts with a combined value of more than €300m ($331m) for the Dieppe Le Tréport offshore wind farm in France. This is the third large-scale offshore wind farm project for the Belgian marine contractor in France, following Saint-Nazaire and the recent contract award for the Iles d'Yeu and Noirmoutier wind ...
Diana sells majority stake in ultramax to Norwegian player New York-listed Greek bulker owner Diana Shipping has sold 75% of the 2016-built ultramax DSI Drammen acquired in February this year to an unnamed Norwegian entity and also secured a new fixture for one of its ships. The Semiramis Paliou-led firm, which bought the 63,379 dwt scrubber-fitted vessel from Norden for nearly $28m, will keep ...
Subsea 7 and SLB alliance bags BP contract in Egypt Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB's OneSubsea has been awarded a contract by BP and its joint venture partner Wintershall Dea for the Raven Infills project, offshore Egypt. The contract covers two-well tieback in the West Nile Delta block and includes the engineering, procurement, transport and installation of approximately six ...
TechnipFMC lands large subsea contract in Guyana TechnipFMC has won a large contract from ExxonMobil affiliate, Esso Exploration and Production Guyana, to supply the subsea production system for the Uaru project. The contract, which is the company's fifth within the Stabroek block, covers project management, engineering, and manufacturing to deliver the overall subsea production system. The award includes 44 subsea trees and ...
Cara slims cape fleet Cape sales are slowly ticking in after some slow weeks with few sales to report compared to a Manic march. Sales chatter surrounds a ship owned by cape specialist Cara Shipping, Rizhao Steel's cape arm. Brokers note the , a 2010-built Shanghai Waigaoqiao Shipbuilding, has been sold for $24.5m to undisclosed interests on private terms. ...
Tanker markets at decades-high: Danish Ship Finance Danish Ship Finance has published its latest keenly awaited biannual shipping markets report, backing up coverage led by Splash Extra that suggests the tanker trades are on course for their best earnings this century. The influential report, which tends to be read by thousands within the industry, covers all the main sectors, but reserves its ...
Goodbye lipstick red, hello baby blue: Hamburg Süd brand fades from view Goodbye lipstick red, hello baby blue. Maersk's rebrand of a venerable name in German shipping is seeing an old livery painted over. Maersk announced at the end of January it was moving towards a single, unified brand that will see shipping lines including 152-year-old Hamburg Süd, acquired in 2017, and SeaLand as well as newer ...
New by name: China's latest liner entrant makes waves One of China's latest entrants into liner shipping has a name to reflect its status. Newnew Shipping is one of a host of new local container brands servicing the China - Russia tradelane. Newnew is a subsidiary of Torgmoll, a logistics group, with Alphaliner reporting it has recently bought the 3,700 teu, 2007-built Northern Debonair ...
Deck blasted into air in aframax explosion Three crew are presumed dead from Monday's explosion in Malaysian waters on the 1997-built , an aframax tanker, with a history of transporting Iranian crude. Dramatic images and videos of the incident have emerged - with almost the entire deck of the ship being blown into the sky. Malaysian authorities were able to extinguish the ...
Three crew kidnapped from Eagle Bulk ship off Gabon Three crew were kidnapped yesterday when the , a 2010-supramax belonging to Eagle Bulk, came under attack just after midnight from pirates at the Owendo Anchorage in Gabon. The ship remains at anchorage with the remaining 17 crew reported unharmed. The waters around Gabon and the Gulf of Guinea have become a hotspot for piracy ...
Of camels and horses In his monthly column, Pierre Aury assesses where the global economy - and shipping - is on the path to cutting emissions. Hint: not very far. The Intergovernmental Panel on Climate Change (IPCC) released its sixth assessment report on March 20. Before we dive into it and see then how shipping is faring on the ...
Scorpio Tankers closing in on up to $1bn financing Monaco-headquartered Scorpio Tankers is lining up a new financing deal of up to $1bn that would enable it to repay and re-finance more expensive lease financing, along with financing certain of its unencumbered vessels. The Emanuele Lauro-led owner and operator of 113 product tankers has revealed talks with a group of financial institutions for a ...
Iranian oil keeps flowing despite sanctions Islamic Republic maintains its vital economic lifeline, largely due to robust Chinese demand
Greek shipping on high alert after Iran hijacks second tanker in a week A total of 53 seafarers are now being held by Iranian forces after Iran seized a second tanker on Wednesday
LNG and methanol vessel orders picked up in April LNG and methanol continue to be the most popular alternative fuel choices among shipping companies ordering new vessels, while concerns...
Shell companies obfuscate details behind class society for Iran-linked tanker that exploded off Malaysia Management of Foresight cannot be traced. The organisation is only authorised to provide class services for Mongolia and Sierra Leone...
Containership charter rates continue to edge upwards While charter rates have nudged upwards and periods have increased, a flood of newbuilding deliveries remains a concern during a...
Rotterdam's quarterly bunker sales boosted by high-sulphur fuel demand LNG bunkering picked up in the first quarter in Europe's largest bunkering hub, as prices fell sharply during the period
Changing lanes: Growing independence as alliances evolve While key box carriers have continued to enhance their respective fleets, there is an increasing tendency to go it alone...
MSC sells more boxships for recycling as scrap prices drop Ship recyclers in Alang have snapped up three vintage MSC containerships in the past fortnight, together with a 1985-built forest...
Malta to expand container terminal capacity Project to lengthen quays, so they can handle the biggest containerships, is expected to take two years
Norden revenue boosted by strong market and asset disposals Company generated $150m in first quarter of the year profit and a return on equity of 40%, says chief
'Flawed' CII rating complicates charterparty talks and trade designs The implementation of the CII could also alter trade patterns as designing and planning slick triangulation voyages may prove to...
Iran hijacks Greece-owned VLCC This is the second tanker seized in seven days in retaliation for the US seizure of Iran-origin oil on a...
Daily Briefing Dark fleet tanker Pablo changed flags six days before fatal casualty | Greece shipping ministry 'warned of Iran risk' days...
Singapore's bunker ammonia timeline 'not realistic,' says MPA Risk identified for conducting ammonia-related pilots in Singapore found to be low or mitigable, according to study, but city-state's regulatory...
AD Ports invests $260m in tankers and bulkers to expand fleet Company continues to expand its shipping capabilities and diversify its business across the Central and South Asian region
West P&I appoints Paulson as Asia head Appointment reflects continued growth of Asia as a shipping centre and the region's importance to West, says club
ILWU, management approve manning deal for non-automated LA-LB terminals An agreement on manning requirements at conventional terminals at the ports of Los Angeles and Long Beach could open the door for a deal on a tentative coastwide contract in the next couple of weeks, sources say.
FMC crackdown on ocean carrier billing prompts Houston per diem change The Port of Houston is changing its tariff to align with ocean carriers who are no longer charging detention and demurrage fees when terminal gates are closed, but it's also increasing its own fees to incentivize cargo movement.
US shipping interests want FMC to regulate rail storage fees Currently, there is no US regulatory agency with direct authority to oversee application of rail storage fees under ocean carriers' through bills of lading and to determine whether those charges are assessed properly.
Textainer CEO sees better H2 ahead for container shipping While the executive expects some level of demand rebound in the second half, he hedged that the summer season may not be as healthy as a typical year given uncertainties in the economy and consumer sentiment.
Rail savings persisted in Q1, but were down from a year ago: ISI Intermodal shippers are saving less than a year ago, but they should anticipate that savings will increase in the months ahead as more annual contracts are signed.
Paying dividends: Genco Shipping proves it means business with reserve draw New York shipowner misses analyst estimates but has seen bookings improve 20% in current quarter's market rebound
Tanker seized by Iran was at the centre of a cargo dispute US-based pressure group suspects that the Niovi has been held because of a dispute over oil unloaded in China
Lindblad ekes out a profit as revenue more than doubles New York-listed cruise ship operator beat analyst consensus for this year's first quarter
Green methanol demand for maritime to hit 255m tonnes by 2050, MAN says Engine designer expects is working on methanol engine retrofits and expects to be announcing projects soon
Algoma Central keeps quarterly loss flat as revenue spikes but so do costs Prolonged global recession and Russia-Ukraine conflict may hurt financial performance in second quarter, owner says
EMS-Fehn-Group chief executive Manfred Muller dies at 56 Head had built up wide ranging German transport group
Tanker seized by Iran linked to oil transfer with now-sanctioned vessel The Niovi could be the third ship targeted by Iran that was involved in oil transfers with a vessel hit by US sanctions
Hapag-Lloyd shrugs off eco-lobby and approves bumper €11bn dividend payout Environmentalists lose battle to see more of profits directed to greener shipping
Shift to tanker and bulker orders may see alternative fuelling choices fall Classification society DNV says March of methanol and LNG rolled on for newbuildings during April
Scorpio Tankers buybacks 'highly advantageous' as discount to net asset value grows Clarksons Securities says repurchases will provide good value after stock sinks 10% in a month
'Good margin': Concordia cuts fleet to three tankers with latest sale Swedish owner to boost liquidity by $21m by shedding panamax vessel
John Kartsonas launches tanker exchange-traded fund in New York ETF hopes to replicate success of its dry bulk counterpart
Knut Ugland ordering bulkers again as profit hits new record New owner of Norway's JJ Ugland pledges to be an active shipping player
Tanker-focused exchange-traded fund launches on the New York Stock Exchange ETF hopes to replicate success of its dry bulk counterpart
Green Seas: A US judge mulls court's say over seafarer rights in pollution probes against ships Environment newsletter looks at a debate over whether US courts can review detention of seafarer witnesses in pollution cases
Former Danish Shipping climate chief Skipper Schwenn re-emerges with new role Policy expert joined by biofuels executive Manja Ostertag as Denmark's Bunker Holding expands
'Year of the VLCC': Biggest tankers take market share as US replaces Russian barrels VLCCs have emerged as biggest winners in the trade reshuffle leading to greater volumes on US Gulf to Europe route
Wallenius sets up new ro-ro link between Sweden and Poland Joint venture, Lakeway Link, formed with compatriot logistics company Greencarrier using new design vessels
Sumeet Malhotra named co-head of WFW's mining and commodities team Experienced Singapore shipping and trade lawyer to join London-based counterpart Jan Mellman in running global operations
CMA CGM embarks on chartering spree for larger container ships Liner giant linked to long-term fixtures of up to nine 7,500-teu newbuildings
Seapeak scrapped LNG steamship due to 'limited' chartering options Company slimmed emissions in 2022 as it docked vessels and laid up one LNG carrier
VIDEO: Iranian forces seize Greek-linked VLCC as it transits Strait of Hormuz Smart Tankers-connected Niovi directed into territorial waters by Iranian naval vessels, US Navy says
Greece's Naftomar doubles money on sale of veteran LPG carrier Heady market sets the stage for plenty of deal-making, which includes a remarkable asset play
Profit progress: Moody's upgrades ship manager V.Group Ratings agency says stronger liquidity also a factor in improved credit assessment
Subsea 7 inching toward $10bn backlog with two new deals Kristian Siem's offshore vessel outfit gets oil and gas work in the Gulf of Mexico and Mediterranean Sea
South Korea's Dae Sun Shipbuilding nets rare MPP newbuildings First MPP order for yard in 12 years
Norden first-quarter profit edges up amid vessel sales and strong tanker market Danish firm entered the capesize bulker segment during the first three months
Harry Vafias' Imperial Petroleum clears away last bank debt with Alpha Bank payment Harry Vafias-led tanker and bulker company now has an unencumbered fleet
Swire calls foul on Hong Kong tycoon over container ship sale Shipowner and a secretive Hong Kong family office are fighting behind closed doors over an alleged 'tort of conspiracy' in a ship sale
Stainless Tankers earns buy rating following Oslo Stock Exchange debut Fearnley Securities says strong overall tanker market and low orderbook means strength for public markets newcomer
MOL chief Hashimoto keen to grow LNG fleet 'if berths become available' Japanese giant sitting on a whopping 30 orders for new LNG carriers, president and CEO says
Maersk's future fuels chief Berit Hinnemann leaves for biofuel producer Green2X Executive was in charge of sourcing green methanol for Danish giant's newbuildings
Norden first-quarter profit edges up amid tanker sales and strong market Danish firm entered the capesize bulker segment during the first three months
Pablo devastation revealed as captain recounts escape in wake of blast Ukrainian master believes missing seafarers may have been trapped on the vessel
Guidelines for 'nurdle' transportation agreed after X-Press Pearl disaster New recommendations could be ready for adoption by IMO next year
Maltese cargo ship damaged after grounding in Greece Master and crew member face charges after incident off Rhodes
ZeroNorth and Vitol team up to boost efficiency and share data Collaboration will optimise trader's fleet while allowing tech company access to bunkering information
Construction talks swirl on first 'Russian-built' LNG carriers Questions hang over next three Arc7 hulls as delivery dates for first two Zvezda Shipbuilding vessels are set back
IMC, MSC and Gearbulk sell tonnage to HKC-compliant recycling yards Alang's ship recyclers benefit from a consistently increasing volume of green recycling deals
West of England's Paulson heads for new role in Singapore P&I insurer continues to beef up its presence in Asia with relocation of company veteran
NSB boosts management team with Transport Capital banker Piyush Sharma German group says former Hammonia and HSH Nordbank man will become strategy chief
Improving life in the sea-suite Efforts are underway to reskill seafarers for the technological changes of tomorrow, while also making it a safer, less lonely career
Cargo 'combi' carriers Korean Air, Lufthansa post lower Q1 revenues Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Cargojet postpones more 777 freighters, tightens belt as shipments slow Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.
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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