Ingalls lays keel for the future USS Pittsburgh (LPD 31) The keel for the future USS Pittsburgh (LPD 31), a San Antonio-class amphibious transport dock, was ceremonially laid at Huntington Ingalls Industries' Ingalls Shipbuilding division, June 2, reports PEO Ships. The ship
PSA Penn Terminals enhances its port equipment with new Liebherr crane Liebherr Container Cranes announced the sale of one Ship-To-Shore (STS) container crane to PSA Penn Terminals in Philadelphia in the United States. This crane is a repeat of a previous order for two STS cranes commissioned in 2018 and has an outreach of 48 metres, a span of 18.288 metres, a backreach of 15 metres, and a safe working load (SWL) of 66 tonnes, while the lift height over rail is 35 m
Jawaharlal Nehru Port handles over 6 million TEUs in FY2023 Jawaharlal Nehru Port Authority (JNPA) handled 6,050,928 TEUs from April 2022 to March 2023, a 6.4% increase over the previous fiscal year. According to the statement, the terminals of the Indian major port reported the following results: Bharat Mumbai Container Terminals (BMCT) - 1,714,246 TEUs (+38%) Nhava Sheva International Container Terminal (NSICT) - 1,096,954 TEUs (+16%) APM Terminals (APM
Kuehne+Nagel announces management changes in South Africa and Middle East Kuehne+Nagel has appointed Damian Raczynski as national cluster manager for the United Arab Emirates (UAE) and Oman in May 2023, while Bert Bloem was appointed as national manager of South Africa in April 2023. Raczynski and Bloem will report directly to Lee I'Ons, Kuehne+Nagel's regional manager of the Middle East and Africa, and will be in charge of the company's activities in the two countries
Asian water sees 13% rise in sea robbery in first months of 2023 With fragile economic conditions and inflationary pressure worldwide which drive individuals to commit piracy and sea robbery, the Asian water saw a 13% rise in piracy and ship burglary during the January-May period compared to the same months last year. According to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP), during the last five month
Maersk joins India-US GRI push amid continuing demand challenges Maersk is the latest carrier to attempt a general rate increase (GRI) on containerised trade from India to the United States. From 25 June, the Danish will begin a GRI levy of US$800 per 20-foot box, US$1,000 per 40-foot box and US$1,250 per 45-foot box for all types of shipments from India to the US East Coast and Gulf coasts. "As Maersk Line strives to continue to offer you a broad portfolio of
Global fuel prices fall this week The global Marine Bunker Exchange (MABUX) indices showed a consistent downward trajectory by the end of the 22nd week. The 380 HSFO index decreased by US$9.38, falling from US$487.89/MT in the previous week to US$478.51/MT, the VLSFO index dropped by US$14.30, reaching US$590.26/MT, and the MGO index declined by US$24.23 to US$776.45/MT. "At the time of writing, the downward trend in bunker indic
Vancouver Fraser Port Authority CEO retires after 14 years Robin Silvester, CEO of the Vancouver Fraser Port Authority, has announced his retirement from the organisation after more than 14 years in charge. "It is time for a new challenge for me, and to make space for a new leader at the port authority after the recent federal environmental assessment approval of the Roberts Bank Terminal 2 Project, the most significant strategic priority of the last dec
GEODIS buys Swiss freight forwarder France-headquartered transport and logistics company GEODIS has announced the acquisition of the Swiss freight forwarder, ITS - International Transport & Shipping Ltd. ITS was founded in 1992 and its headquarters are located in Reinach, in the canton of Basel-Country. The main offering of the company is high-tech "special services", organising transport and logistics for dedicated projects and ou
China begins construction of new canal in the southwest The construction works in China's new canal, the Pinglu Canal, started on 23 May in south China's Guangxi Zhuang Autonomous Region, according to the regional Department of Transportation. The Pinglu Canal, stretching over 134 km with an estimated investment of around US$10.3 billion, aims to link the Xijiang River, a major waterway in southwest China, with ports in the Beibu Gulf. The Chinese med
Hapag-Lloyd increases box rates from Middle East and Indian Subcontinent to North America Hapag-Lloyd has announced a new general rate increase (GRI) / general rate adjustment (GRA) from the Middle East and Indian Subcontinent to North America. The German carrier will implement an increase of US$500 per container from 1 July. The new GRI will be applied to cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. The rate adjustment will be ap
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Hellmann Worldwide Logistics acquires PKZ Group Hellmann Worldwide Logistics takes over PKZ Group, its long-standing air and seafreight partner in Slovakia and the Czech Republic, and at the same time establishes its own Slovakian national company. More specifically, Hellmann acquires 10 locations of the PKZ Group and closes a gap in its existing road network in the partial and full load segment. At the same time, the company takes over the se
Ocean Network Express opens new branch in Ireland Ocean Network Express (ONE) opened its first completely owned branch in Ireland. The new branch launched on 1 June in Dublin, the capital of the country. "The new ONE office will provide quality and reliable shipping services to customers based in Ireland, with a strong focus on customer satisfaction," said the company in a statement. Fer Penders, country head of ONE Ireland, stated, "Our new off
Scan Global Logistics announces Sand Road Freight takeover Scan Global Logistics has announced its aim to expand its transportation network in Europe with the acquisition of Sand Road Freight, a logistics company that works throughout the continent and is most known for its road transport forwarding services between Denmark and the Benelux countries. Both sides have signed the agreement and the transaction is likely to be completed this summer. Sand Road
Belgian logistics firm orders Konecranes Generation 6 mobile harbor crane Zuidnatie NV, logistics and transportation company in Belgium, ordered its first Generation 6 Konecranes Gottwald Mobile Harbor Crane for operations in Antwerp. The delivery is scheduled for the third quarter of 2023 and the crane will be assembled on-site for commissioning and handover in the fourth quarter of the year. By this order, Zuidnatie aims to offer an easily adaptable, high-performance
Aker Solutions and Aker BP extend subsea frame deal Norway's Aker Solutions and Aker BP have agreed to extend a frame agreement for the provision of subsea production systems. The original agreement, signed in June 2016, has been extended until December 31, 2028, and may cover assistance to Aker BP for feasibility studies and concept developments; front-end engineering and design; subsea development projects and ...
EU proposes new safety and pollution targets for shipping The European Commission (EC) has presented five legislative proposals to update EU regulations on maritime safety and prevent water pollution caused by ships. The proposals seek to align EU rules with international standards, enhance implementation and enforcement through digitalisation, and support "clean and modern shipping". The package includes three proposals focused on improving maritime sa
Cape Shipping takes two Golden Ocean ships The Andrianopoulos family and its Cape Shipping have emerged as the buyer of a pair of capes sold by John Fredriksen-controlled Golden Ocean. According to brokers, the Greek owner, who is known for its asset plays, paid $23m per ship for the two scrubber-fitted Daehan-built vessels, Golden Feng and Golden Shui. The 13- and ...
Labour-starved Korean shipyards spread recruitment net to landlocked Nepal An acute labour shortage is leading to project delays at Korean shipyards and the nation is looking further and further afield for staff to help knock out lengthy orderbooks that stretch deep into 2026. After more than a decade's slump, the local shipbuilding workforce has been decimated with projections that it is currently more than ...
Canadian port to become green hydrogen hub Canadian renewable energy company World Energy GH2 is pressing ahead with plans to produce and ship green hydrogen and green ammonia to global markets with the acquisition of the Port of Stephenville on the west coast of the province of Newfoundland and Labrador. World Energy GH2 is developing Canada's first commercial green hydrogen/ammonia producer backed ...
Digital comic book Container Jack launches Australian law firm Cusack & Co has created a digital comic book called Container Jack. Alison Cusack, principal lawyer at the Melbourne-based maritime law firm, told Splash the genesis for the new publication dated back to 2021 and the famous grounding of the Ever Given containership, which blocked the Suez Canal for six days, thrusting ...
UAE clamps down on smaller P&I clubs In a move to clamp down on shady ships joining its ship registry, the United Arab Emirates Maritime Administration has issued a circular demanding all clubs not in the International Group of Protection and Indemnity Clubs who insure any UAE-flagged ship need to furnish the country's regulators with more information. The smaller P&I clubs have ...
Canal construction underway in southwest China China has started building its first new canal in many centuries. Linking Nanning, capital of South China's Guangxi Zhuang autonomous region, with the Beibu Gulf, the Pinglu Canal will be 134.2 km long and is one of three canal projects planners aim to get constructed across the nation in the coming years. The $10.3bn Pinglu ...
Tune Chemical Tankers books up to four methanol-powered ships in Turkey Rottterdam-headquartered owner and operator Tune Chemical Tankers has placed an order at Tersan Shipyard in Turkey for the construction of up to four methanol-powered vessels. No price has been revealed for the two firm 16,000 dwt stainless steel oil/chemical tankers set to deliver in 2025. The order includes an option for two more ships all ...
Taiwanese bulker banned from Australia The Australian Maritime Safety Authority (AMSA) has banned the Panama-flagged bulk carrier from Australian ports for 90 days over a "plethora of detainable deficiencies" it found on Well Shipmanagement & Maritime Consultant Co-operated vessel. The 2009-built Wisdom Marine-owned 19,000 dwt bulker was detained and lined up for an inspection in Geelong in May. The AMSA ...
BW Epic Kosan gets $140m via debut sustainability-linked loan Singapore's BW Epic Kosan has clinched its first sustainability-linked loan of up to $140m as well as an additional $20m acquisition line to finance potential growth opportunities. The Oslo-listed midsize LPG specialist of the BW Group will use the proceeds to refinance 19 vessels. The deal includes a margin adjustment linked to reducing fleet emissions ...
It's not yet time for Plan B on Russia shipping sanctions Our industry is providing a second front without the shooting. Let the vice tighten slowly but surely
Minor bulk trades reflect slowing global economy While overall minor bulk volumes shipped declined 1.6% in January to May this year versus the same period in 2022...
Iran oil exports reach record levels in May Iran's oil exports in May reached their highest level since early 2019, when waivers issued by the Trump administration following...
Alternative fuel vessel orders steady in May Methanol and LNG dual-fuel vessel orders continued during May, with companies investing in dual-fuel technology to ensure that they can...
Grain deal exports plummet amid Russia's continuous interference Moscow is blocking vessel registrations in a bid to accelerate progress in the promotion of its own ammonia exports
Box carriers push through transpacific rate increase A June general rate increase has pushed up transpacific rates. But analysts expect these to fall back because demand is...
Shipping veteran Xie Chunlin retires from China Merchants The 60-year-old started his career as a seafarer. He has been involved in all major projects related to the Chinese...
EU proposes maritime safety rules revamp Proposed new rules focus on improving and modernising maritime safety rules, while updating the European Maritime Safety Agency mandate
Shipping industry no longer an emissions laggard, says ClassNK chief Shipping, alongside aviation, is one of the very few globally operating industries that is taking collective efforts in cutting emissions...
Steamship Mutual returns to underwriting surplus Free reserves take hit from negative investment return, but club gained both owned and chartered entered tonnage last year
Daily Briefing Western insurers cover two thirds of Russia's Baltic and Black Sea oil exports | Demand slump weighs on box terminal...
Samantha Xu set to be new BW LPG finance chief The new chief financial officer has more than 20 years of international finance experience in shipping and energy. These include...
AMSA bans Wisdom Marine bulker for three months The vessel's manager Well Shipmanagement has been identified as a poorly performing operator, with a fleet detention rate more than five...
ATA urges Congress to reject Su as Labor chief The American Trucking Associations said Julie Su's track record of supporting California's A.B. 5 law and a lack of support for the trucking industry has failed to reassure them she would be a successful Secretary of Labor.
US chassis lessors learning from pandemic surge as demand wanes With international rail volume down by double-digit percentages in 2023, chassis providers have an opportunity to reflect on the struggles of 2021 and 2022 and adjust their networks ahead of the next surge.
FMC 'improperly' applied incentive principle in detention decision: Evergreen Container carrier Evergreen argues the FMC ignored "critical facts" when applying the incentive rule in a December case and, in doing so, inadvertently set a precedent that detention cannot be charged on a holiday weekend.
Slow demand, rising capacity drags air cargo rates to three-year low Air cargo carriers are set for a bleak few months, with high inventory levels and economic issues in destination markets further dampening the traditionally slow summer season.
Dry bulk market continues downward trend for third straight week Falling freight rates for capesize bulker fixtures reflect declining market
Podcast: Who's going to foot the bill to decarbonise shipping? Audio edition of Green Seas listens into the TradeWinds Shipowners Forum Singapore for a discussion on paying for greenhouse gas cuts
Editor's selection: Andersen exits Golden Ocean, Zabrocky in the crosshairs and football's coming home Six of the best from the TradeWinds newsroom
Bulk carriers collide in Greece but no casualties reported Vanuatu and Singapore-flagged vessels were underway in the Aegean Sea
Shell Ventures and Idekapital pump $90m into Kongsberg Digital Venture capital funds become part-owners of industrial shipping software company
Count for battery-powered vessels passes 1,000 mark Car carriers and container ships continue to dominate in alternative fuels uptake in May
'Dent' in MR tanker spot levels feeding through to time charters, Concordia says Boss Erik Lewenhaupt says period deals of more than a year are scarce
Greek shipowners will dominate product tanker newbuilding orders. Here's why, says BRS The clean fleet is older than the crude and ships need renewing, French broker argues
New Fortress Energy gets greenlight for first FLNG unit kick-off in Mexico Company set to start deployment of first floater to Altamira this month with start-up slated for third quarter
Heir of Onassis? Fractal hints at ambitious plans as scale of Russian oil trades revealed Executive at Dubai-based tanker owner says premium freight rates will disappear as more ships enter Russia trades
Homegrown banks claim larger slice of Greek ship lending pie More than one in four dollars borrowed from a bank by Hellenic shipowners comes from a local lender
Heir of Onassis? Fractal hints at ambitious plans as scale of Russian oil trades is revealed Executive at Dubai shipowner says premium freight rates will disappear as more tankers pile in
VLGC rates surge through $100,000 barrier but analysts remain cautious Asian markets running hot, but volatility could mean more downside than upside for share prices
Louis Dreyfus Armateurs backs project for low-emissions boxship Project for wind-assisted 2,500-teu container ship is gaining traction
Navios Partners refinances eight tankers in loan deals worth $95m Greek shipowner also reveals new details of newbuilding funding
Photos reveal decaying state of stricken tanker off Yemen The FSO Safer has not been maintained since 2015 because of civil war
Solstad Offshore sales whittle down debt and readies owner for the energy transition Norwegian offshore owner says more than a quarter of its Ebitda is driven by renewable business after ditching PSVs
Scorpio Tankers renews $250m buyback programme as it splashes another $40m Product tanker giant continues to return cash to investors as net asset value lags
Detained VLCC had 'no option' but to pay $15m Nigeria plea deal Insurer Gard says lessons should be learned after Heroic Idun was held in a nine-month piracy and smuggling saga
USTC's Bunker One charters in methanol-ready tanker for European operations Danish group takes vessel from Swedish shipowner Vaderotank Rederi
Tune Chemical kicks off fleet renewal with order for methanol-powered tankers Dutch owner selects Tersan Shipyard in Turkey for new vessels
Chemnav Shipmanagement breaks 17-year newbuilding hiatus for MR tankers The Greek shipping company is tapping South Korea's K Shipbuilding
Vitol sells MR tanker quartet as it chases emissions target Brokers link the trading giant to further disposals from the fleet of its Latvian Shipping unit
Shipping workers raise thousands from Lake Geneva cycle ride The event organised by staff from BRS Shipbrokers raised money for two charities helping the sick and orphaned
Comment: Shipping in pole position for race advantage over transport peers Maritime is ahead of the pack to cut emissions but must now use that pace to its advantage
'Plethora of detainable deficiencies' sees bulker banned from Australian waters for 90 days Australian maritime regulator continues to clamp down on substandard shipping with latest vessel ban
West Coast container ports hit as labor talks take ominous turn The dockworkers' union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
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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