Dorian LPG takes delivery of 84,000 cubic meter LPG carrier Stamford, Conn., headquartered gas carrier operator Dorian LPG Ltd. (NYSE: LPG) took delivery of the 84,000 cubic meter LPG carrier Captain Markos from Kawasaki Heavy Industries, March 31 The dual-fuel vessel operates
Vigor gets another $10.3 million for USS John Paul Jones work Vigor Marine LLC, Portland, Ore., has been awarded a $10,309,313 firm-fixed-price modification to previously awarded contract N4523A22C0552 for the procurement of 14 out of scope work specifications for repair, maintenance and modernization
Op-Ed: Proactive collaboration needed for clean technology To find out more about how companies feel about clean technology in maritime, Houlder recently undertook a qualitative survey of senior executives from large and small shipowners across the container, tanker, bulk,
Can methanol-to-hydrogen reforming technology be tweaked? Bend, Oregon, headquartered, e1 Marine, the company whose methanol-to-hydrogen technology is a key element of Maritime Partners' Hydrogen One towboat, has been commissioned by Swiss-based Current AG to build an S Series
V-Bunkers unveils Singapore's first electric-hybrid bunker tanker Vitol's Singapore bunkering company, V-Bunkers, is to take delivery of its first electric-hybrid bunker tanker, Marine Charge. Classed by Bureau Veritas (BV), the vessel features advanced energy storage and charging technologies that
Nexxiot introduces new multipurpose Vector sensor for railcars Nexxiot, a supply chain technology provider, has released a new multipurpose Vector sensor to monitor brakes, hatches, and doors on railcars. Specifically, the sensor complements a growing portfolio of Nexxiot Asset Intelligence technology. The device measures the status in real-time to provide data on hand brakes, access hatches, and train doors. It connects wirelessly to the Nexxiot Globehopper
Port of New York and New Jersey moves over 1.2 million TEUs in first two months of 2023 The Port of New York and New Jersey is the busiest container port in the United States during the first two months of 2023. Even though February is typically the weakest month for all US ports due to foreign production slowdowns and cancellations associated with the Lunar New Year holiday, the Port of New York and New Jersey reported relatively good container volumes, transporting 571,177 TEUs. F
Korean Register releases updated solution for latest IMO regulations Korean Register (KR) has released the latest updated version of KR-CON (v.21), a comprehensive digital database of almost all the International Maritime Organization's (IMO) instruments. In the 21st version of KR-CON, the user interface (UI) design of the mobile application and the icon design of the KR-CON website have changed to improve customers' understanding of the functions in the program.
New Liebherr crane to enhance Port of Dublin operations Doyle Shipping Group (DSG) has purchased a new hybrid rubber tyre gantry (RTG) crane from Liebherr Container Cranes for the Port of Dublin in Ireland. The new RTG has a span of 25.9 meters, or seven containers plus a truck lane, a lift height of 21 meters, or one over six containers, and a secure operating weight of 41 tonnes. The LES 200 is a cutting-edge capacitor device that catches and stores
Ocean carriers increase schedule reliability, Maersk ahead of competitors The ocean carriers' global schedule reliability increased sharply by 7.7% month-to-month in February 2023, reaching 60.2%, according to Sea Intelligence. Source: Sea-Intelligence.com, GLP Report, issue 139 On a year-to-year level, schedule reliability has marked a staggering 26% rise. At the same time, the average delay for late vessel arrivals decreased by 0.07 days month-to-month in February re
Maersk enhances warehouse network in United Kingdom Maersk has decided to expand its network of warehouses across the United Kingdom, by signing a lease for a facility of approximately 63,000 m² at SEGRO Logistics Park East Midlands Gateway. The new facility will be added to the company's warehouses in Doncaster, Tamworth and Kettering. The newly built warehouse will be completed in June and is part of a 2.8 km² development by the UK-based real es
Mild uptick in SCFI in six months Market sentiment turned positive for the first time since September 2022, as the Shanghai Containerized Freight Index (SCFI) recovered mildly in the week ended 2 April, according to Linerlytica's latest report. The rebound was supported by improved rates from East Asia to the Persian Gulf and South America. Linerlytica remarked that there is rising conviction around a mid-April rate increase on s
FESCO expands container warehouse in Commercial Port of Vladivostok FESCO Transportation Group aims to increase the total area of its container warehouse in the Commercial Port of Vladivostok (CPV) by 2025. The first stage of the warehouse expansion, which is expected to increase the area by 20%, was the launch of a new production site "Warehouse 81" of 13,500 m² and an operational capacity of 1,113 TEUs within the territory of CPV. "FESCO Group pays close attent
Maersk announces two new air freight services between US and China Maersk has announced it will offer two new air freight services with frequent flights connecting the United States and China. The Danish carrier will begin operations with two weekly flights between Greenville-Spartanburg International Airport (GSP) and Shenyang Taoxian International Airport (SHE), as well as two weekly flights between Chicago Rockford International Airport (RFD) and Hangzhou Xia
Hapag-Lloyd to launch new service in Latin America Hapag-Lloyd has announced it will commence a new service in Latin America, named WCSA Feeder 4 (WS4). The new service will launch in June and the deployed container vessels will sail under the following port rotation: Calla (Peru) - Iquique (Chile) - Puerto Angamos (Chile) - Arica (Chile) - Callao (Peru) Hapag-Lloyd said the first boxship that will use this new rotation will be the 2023-built Cap
CMA CGM and Air France-KLM officially launch 10-year air cargo partnership The long-term strategic air cargo cooperation of Air France-KLM and the CMA CGM Group, which was announced in May 2022 , has officially commenced. Air France-KLM Martinair Cargo, part of the Air France-KLM Group, and CMA CGM Air Cargo, part of the CMA CGM Group, will combine their cargo networks, full freighter capacity, and dedicated services aiming to build a more compelling offering. The coll
Cargo inspection system implemented at Itapoá Port Smiths Detection, a UK company in threat detection and security screening technologies, has delivered an HCVM XT cargo inspection system to Itapoá Port in Brazil. The new system, which meets the latest Brazilian image quality requirements set out by the COANA regulations, will be used to screen export cargo for threats and undeclared goods, while helping to maintain the constant flow of trade. In
Liebherr Group achieves record annual turnover of over US$13 billion Liebherr Group ended the fiscal year 2022 with a turnover of US$13.7 billion, which is improved by 8% in comparison to the prior year's figure, boosting its turnover in 10 of its 13 product categories. The German-Swiss multinational equipment manufacturer reported growth in seven product segments such as earthmoving, material handling technology, mobile and crawler cranes, concrete technology, an
Leschaco Group refreshes management board The Leschaco Group has announced several changes to its management board. Constantin Conrad is formally appointed chief executive officer of the Leschaco Group in a change caused by the sudden loss of his father, Jörg Conrad, in October last year. The post of chief data officer will be unfilled. Constantin Conrad was already named to the group's management in July 2019, and he will become a singl
PSA merges cargo solutions business and BDP under one brand Singapore-based terminal operator PSA International has announced a combination of its cargo solutions business unit and US-based logistics subsidiary BDP International under a new brand, PSA BDP. PSA BDP will enhance the delivery of innovative and sustainable solutions supported by industry-leading digitalisation and data capabilities to empower connectivity across supply chain ecosystems, the c
Lloyd's Register joins ICS with ownership stake in crew compliance software Lloyd's Register (LR) has acquired a 50% stake in ISF Watchkeeper, a work and rest hours crew compliance software from IT Energy Systems and Consulting. The deal will see the class society jointly own the product with the International Chamber of Shipping (ICS). ISF Watchkeeper, originally developed by ICS and IT Energy, is a suite ...
Fredriksen lifts stake in Euronav Shipping magnate John Fredriksen has added more Euronav shares to his shopping basket lifting his stake in the Antwerp-based tanker giant to 26.46% and surpassing the Saverys family. According to the latest US Securities and Exchange Commission (SEC) filing, Fredriksen's investment vehicle Famatown Finance bought 964,000 shares in Euronav on Monday at a price of ...
Petrobras seeks FPSO pair for deepwater play Petrobras is looking to charter a pair of floating production, storage and offloading vessels to be deployed at the deepwater section of the Sergipe-Alagoas basin. Brazil's state-run firm has marked the units for the Sergipe Deepwater Project (SEAP), which it said would be strategic to expand the availability of national gas, besides opening a new ...
HST Marine scores Siemens Gamesa CTV charters UK-based offshore vessel owner and operator HST Marine has secured two charters with wind turbine maker Siemens Gamesa Renewable Energy (SGRE). The medium and long-term contracts involve crew transfer vessels HST Sofia and HST Frances for work in the North Sea. Fast-growing HST Marine is part of Purus Wind, the offshore wind business of Purus ...
Ocean Installer and Baker Hughes strengthen ties Marine construction player Ocean Installer, formerly Havfram Subsea, has joined forces with oilfield services giant Baker Hughes to deliver a new and efficient integrated subsea engineering solution from project appraisal through to operations. The partnership will aim to minimise the total expenditure and delivery time of offshore developments, including energy transition projects, by pre-provis
Seadrill wraps up Aquadrill takeover New York and Oslo-listed offshore driller Seadrill has completed the acquisition of Aquadrill in an all-stock deal. As part of the transaction, Aquadrill unitholders received close to 30m shares in Seadrill, which will continue to be domiciled in Hamilton, Bermuda. Julie Robertson and Simon Johnson will continue as board chair and president and CEO, respectively. ...
V. Group: Reliability is essential If shipmanagement companies can prove themselves a viable alternative to an owner managing a vessel themselves, the model is absolutely sustainable, says René Kofod-Olsen, chief executive officer at V.Group, a shipmanagement and services giant with more than 60 offices across the world. He sees huge opportunities for shipmanagers. When he joined V.Group two years ago ...
World's top bunkering hub prepares for methanol future Singapore, the world's top bunkering hub, is getting the infrastructure in place for shipping's future fuel mix where methanol will play a significant role. Local firm Consort Bunkers has just contracted China Merchants Jinling Shipyard to build six 6,500 dwt methanol bunkering tankers while compatriot Global Energy Group is set to receive its first 4,000 ...
Norwegian liner targets 50% emission cuts by 2025 North Sea Container Line (NCL), a small Norwegian liner with five ships in its fleet, has laid out highly ambitious decarbonisation plans, seeking to slash fleet emissions by 50% by 2025. To this end, the company has signed an agreement with carbon analytics company Siglar Carbon. NCL has ordered two duel fuel methanol ships that ...
CORE POWER details nuclear-powered feeder boxship design UK-based marine atomic propulsion developer has unveiled a concept design for a feeder boxship. The Mikal Bøe-led firm has developed a 2,800 teu feedermax design, to go alongside other designs it has created for different sectors. Among the many shipowners backing CORE POWER is Tim Hartnoll's X-Press Feeders, one of the world's largest feeder operators. ...
Wintershall Dea acquires 37% share in Hokchi block offshore Mexico Wintershall Dea has completed its acquisition of a 37% non-operated participating interest in the oil-producing Hokchi Block offshore Mexico. The German company is now the second-largest interest holder in the block after operator Hokchi Energy, a subsidiary of Pan American Energy. AINDA holds the remaining 3.6% share. "The acquisition and the significant production we are ...
The risks of regulatory complexity The more complex a piece of legislation is, the more loopholes exist that can lead to distortions, evasion, and carbon leakage, writes Harilaos Psaraftis, a professor at Technical University of Denmark. Per a recent article by Lloyd's Register, and according to the provisions of the forthcoming FuelEUMaritime regulation, "a pool of ten boxships could avoid ...
KBR awarded FEED contract for Equinor Bay du Nord FPSO project Houston-based KBR announced on Monday that its Canadian entity, KBR Industrial Canada, has received a letter of intent from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord floating production, storage and offloading facility (FPSO) to be located offshore Newfoundland, Canada. The agreement includes an option ...
Nordberg shakes up Swedish Club management structure New personnel, including former Gard man, step into director roles relating to underwriting, claims and IT
Piraeus reports record revenue and profit results Cosco, which controls the Piraeus Port Authority, saw a reduction in container throughput at the concessioned part of the port
US inventories point to slower container demand recovery Carriers have been hoping for a return to normal demand levels after recent sharp declines. But while there is some...
China turns to Mongolia for coking coal, reducing shipping needs China's total imports of coking coal this year will be similar to last year
Fredriksen lifts Euronav stake to become largest shareholder Fredriksen's holding exceeds Saverys family to become the biggest shareholder
Seanergy chief Tsantanis raises stake in capesize owner Stamatis Tsantanis increases his stake in the company to 6.8%, according to filings
Shipping bankers warned of costs in route to sustainable finance Financiers' push to embrace sustainability has led to questions about who will fund the old tonnage that fails to meet...
Dry bulk hopes pinned on data from China While steel production in China is showing a promising return, a slowdown in other countries could weigh on demand, capping...
Castor racks up profits from first bulker sales The first two disposals are expected to reduce Castor's fleet to 20 vessels
Astaara doubles marine cyber risk underwriting capacity Cover led by Axis Specialty and backed by P&I club West of England
Norwegian Hull Club offers members cashback 'We have been able to grow our portfolio and avoid a significant frequency of major claims... We are in the...
Campaign launched against use of LNG as a marine fuel Activists have begun a new lobby campaign against LNG as a marine fuel. Their arguments cover the full lifecycle effects...
Cargo owners benefit from lower contract rates Contract rates are sharply down from their pandemic-driven peaks. But shippers are warned not to push carriers below break-even if...
UAE's extended links to Russia supports sanctions circumvention Nexus between India, Russia, United Arab Emirates and tankers used for transporting sanctioned oil takes hold after Sovcomflot redomiciles to...
Who is regulating the (de-facto) regulator? The links between private registries that manage small flags on behalf of governments of Caribbean islands and African countries and...
Marine insurers support owners adopting alternative fuels 'The key point I want to note is we still don't know what is the right fuel,' says QBE's head...
Consort Bunkers orders six methanol bunker ships in China Move comes amid the growing acceptance by shipowners of methanol as a fuel of the future
Can we believe shipowners put diversity above decarbonisation? In the two years since the most recent WFW survey, the industry has become more pessimistic about the pace of...
PSA merges with BDP to form supply chain brand PSA International cargo unit to integrate with US-based supply chain solutions provider BDP International to form a new brand
CMA CGM's air freight partnership with Air France-KLM gets under way CMA CGM believes air freight will help customers who want greater integrated and resilient supply chains
Daily Briefing China and Finland join IMO leadership race | Turkish hopeful to lead IMO pledges to work for seafarers | Shipping...
NWSA terminals, ag exporters in talks to ensure efficient cargo flow Lower imports have prompted marine terminal operators on the US West Coast to cancel at least one work shift per week, something that has complicated cargo flow for exporters due to the resultant delays and higher transportation costs.
Global car carriers see mixed outlook after stellar 2022 Vehicle demand is expected to offset declining high-and-heavy volumes in 2023, according to car carriers.
US regulators digging deeper into truck driver detention data As it studies truck driver detention, the Federal Motor Carrier Safety Administration hopes data from electronic logging devices may help pinpoint solutions for drivers, carriers, and shippers.
Maersk adds new China-US flights to growing air cargo network Maersk's growing air cargo capacity is being used to plug gaps in connectivity in the carrier's integrated end-to-end logistics offering.
High-flying trans-Atlantic air cargo volume posts March decline Steadily increasing volume on trans-Atlantic air freight routes ended in March as demand growth slowed for the first time in two years.
Capacity cuts lifted Asia-Europe spot rates in late March A slight rate bounce in Asia-Europe does not signal an improvement in demand, say forwarders, who expect a sustained increase in rates will only come with a restocking drive by European importers.
Jefferies lowers dry bulk market outlook as steel demand remains weak China's steel mill profits must improve for average spot rates to go higher, analyst says
Start-up pencils deal for zero-carbon wind farm vessel hub at Japanese yard Vancouver electric shipping specialist signs memorandum of understanding with Mirai Ships for electric crew transfer vessel hubs
Devbulk grows back to 10 ships with Maestro handysize purchase Turkish player will seek to expand further in its niche bulker market
Austal 'strengthens compliance programme' after executives face fraud charges Top brass for Austal USA subsidiary each face maximum of 30 years in prison if convicted, according to federal regulators
Top rates tempt product tanker owners to fix ships for longer Concordia Maritime chief Erik Lewenhaupt notes a willingness to tie up vessels longer-term
'I'm in Russia!': Wanted businessman turns up again after fleeing oil smuggling charges Artem Uss fled his Italian home after a court ruled that he should be extradited to the US to stand charges over trade in Venezuelan oil
NoGaps ammonia-fuelled gas carrier design nears final stages Feasibility study is released by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping ahead of detailed final report to partners BW Epic Kosan and Yara International
'Destination Zero': Rederi AB Gotland sells final tanker assets Swedish shipowner raises about $120m from selling tankers, as it turns towards low-carbon passenger ships of the future
Pen Underwriting buys London marine specialist Tay River Deal also involves specialist war risk subsidiary Vessel Protect
Stolt Tankers' Chinese venture orders chemical carrier double at Wuchang SC-Stolt Shipping brings fleet to 11 ships with new contract
Cargill's Eman Abdalla: 'How can we achieve sustainability without having diversity?' Ideas in shipping stagnated until the industry finally began to embrace diversity, executive says
New campaign aims to highlight 'greenwashing' of LNG as fuel The 'Say No to LNG' group argues shipping should plough cash into operational measures and R&D instead
UAE tanker start-ups Fractal and Radiating World amass 38-strong fleet to tap shifting trade patterns Newcomers join India's Gatik as big movers in the sale-and-purchase arena while oil trading patterns shift
Shortsea shipping starting to look at hydrogen fuelling, DNV says Alternative fuel uptake slows for March but LNG orders continue
Tufton and Womar eye Oslo listing for Stainless Tankers after IPO Big-name backers of new chemical carrier company want to move on from over-the-counter trading
Lloyd's Register buys 50% stake in ICS' crew compliance software in rare commercial partnership The deal brings together classification society and global shipowners' association in a unique enterprise
Carriers and shippers brace for 'hard negotiations' on freight contracts Talks drag on as spot rates tumble way beneath long-term rates
Singapore tweaks employment rules to address its skills shortage Move designed for roles that require skills but are lacking in the local workforce
Fredriksen makes next move as he splashes $52m on building Euronav stake Tanker tycoon strikes first blow in the war for control of Belgian shipowner since crucial board vote
'Bulk can mean anything': GoodBulk won't limit itself to dry cargo in the future John Michael Radziwill has dropped serious hints about fleet diversification at big-dividend paying bulker owner
Opec+ cuts: Boost to long-haul crude demand to soften hit to VLCCs, says BRS Opec+ countries announced a surprise cut in production on Sunday that will affect the biggest crude carriers the most
Seanergy boss Tsantanis shows 'confidence' by spending $500,000 on shares Greek bulker owner's finance chief also splashes cash on the stock
Scorpio Tankers splashes $69m on its own shares as buyback drive continues US-listed tanker owner returns more cash to shareholders in the open market
Braemar urges shipowners to guard against Credit Suisse-style black swans Corporate finance desk bosses Hannes Wunder and Stefanos Fragos say it pays to be prepared
Castor confirms bulk carrier sale as it cashes in on its assets Serial buyer Castor offloads its second vessel in two weeks as the outfit capitalises on its assets
Wisdom Marine returns to Japan for bulk carrier newbuildings Nihon Shipyard has been contracted to build the vessels
Opec+ production cut takes the wind out of tanker share rally VLCC owners face a double-whammy of fewer cargoes and higher bunkers, according to brokers
Consort Bunkers orders methanol bunker tankers at CMHI Jinling Bunker tanker operator gets ready for shipping's big bet on methanol as a marine fuel
Nissen Kaiun emerges as shipowner inking product tanker newbuildings at Hyundai Mipo The Japanese owner now has 20 MR tanker newbuildings booked as it steps up fleet renewal
K Line named as owner behind two-ship LNG carrier order at SHI LNG contracts have continued to trickle in during the first quarter, with enquiries suggesting another busy year at yards for sector
OPEC+ throws tanker shipping a curveball, shaking confidence Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
Maersk Air Cargo launches 1st US-China routes Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Big freighter era begins at Birmingham airport in Alabama Birmingham airport in Alabama welcomed the first regularly scheduled 747 freighter organized by logistics provider Kuehne+Nagel.
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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