HST Marine selects BMT design for four hybrid CTVs Purus Marine's Swansea, U.K. based offshore wind service subsidiary HST Marine has selected BMT's StratCat 27 design for four hybrid crew transfer vessels it has ordered from Singapore shipbuilder Strategic Marine. Set
Bollinger delivers 52nd FRC to Coast Guard Bollinger Shipyards LLC has delivered the USCGC Maurice Jester to the U.S. Coast Guard in Key West, Fla. This is the 178th vessel Bollinger has delivered to the U.S. Coast Guard over
Contecon Guayaquil launches Port to Door service Contecon Guayaquil (CGSA), the Ecuadorian business unit of International Container Terminal Services, Inc. (ICTSI) and concessionaire of Puerto Libertador Simón Bolivar, announced the launch of Port to Door service, an automated cross-docking service that enables clients to receive their cargo right at their door. CGSA is Ecuador's first port to provide automatic cross-docking services. CGSA said
Cargo stream offers digital solution for container triangulation in Poland Cargo stream, a digital platform serving global shipping lines in Poland and the Baltic countries, provides advanced automation and logistics management software to ocean carriers in the region to facilitate container repositioning and reuse requests. In particular, Cargo stream, as a digital shared workspace for overland and maritime logistics management, enables automated matching, booking of c
Prince Rupert Port announces progress on Ridley Island project The Ridley Island Export Logistics Project (RIELP) has reached a major milestone, according to the Prince Rupert Port Authority (PRPA), with the receiving of its final determination on the Federal environmental effects evaluation review. In line with Section 82 of the Impact Assessment Act (IAA), the Federal Authorities have stated that the Ridley Island Export Logistics Project is unlikely to ha
ZIM withdraws China - Los Angeles loop Israel's major container carrier ZIM will cancel its Transpacific ZIM eCommerce Xpress (ZEX) service, according to the latest DynaLiners report. ZEX service launched in July 2020 and was operated by five container vessels with a box capacity of 5,000 TEUs. The port rotation of ZIM's service was the following: Ningbo (China) - Xiamen (China) - Shenzhen (Yantian, China) - Los Angeles (US) - Ningbo
Traxens introduces new container tracker version Traxens has unveiled the new third edition of the Traxens-Box 3, its permanent container tracker. The French logistics service provider noted that with the shift to green methanol-powered vessels and the increasing safety requirements of the International Maritime Organization (IMO), the new IoT device has been completely redesigned to meet the highest level of ATEX certification on the market fo
Hapag-Lloyd splits Gulf Caribbean Service into two new slings German ocean carrier Hapag-Lloyd will split its Gulf Caribbean Service (GCS), connecting the United States East Coast and Mexican Gulf with Central America and the Caribbean, into two separate loops. Starting in the next month, this fortnightly service will turn into a weekly service, adding two new weekly loops. The North Loop (GCS) will have the following rotation: Houston (US) - Altamira (Mexi
BMF Port Burgas commences construction works on first deep-water boxship berth in Bulgaria BMF Port Burgas has started construction on the first deep-water container vessel berth in Bulgaria. The protocol for "Construction of quay wall for berth 28, technological infrastructure and facilities" was signed on 23 February by the Municipality of Burgas. The construction is part of the project "Raising low-Emissions multimodal transport in the core port of Burgas with new Infrastructures fo
Ariol Investment Group Review: Make the Most out of Commodity Trading When there are various new assets to trade and invest in, commodity trading is one of the oldest and safest ways to engage in financial trading. If you can trade commodities in a CFD format, this market can offer you excellent opportunities to earn profits. There are two major assets in the commodity market that are extremely profitable, such as metals and energy assets. To make the most out of m
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DP World continues investments in Somaliland with new economic zone After the inauguration of the new box terminal at Berbera Port in June 2021, DP World and the Government of Somaliland opened the new Berbera Economic Zone (BEZ) aiming to transform the area into a major trade hub in the Horn o Africa. The first phase of the BEZ was officially opened by Muse Bihi Abdi, President of Somaliland, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, at a
SeaLead announces new service connecting Australia with India Subcontinent SeaLead Shipping launches a new Australia to India Subcontinent (ASIA) service, connecting ports in Australia directly with India and Pakistan. The new service will commence in late March and it is expected to offer fast transit times between Australia and India and Pakistan. In addition, the new service will offer customers the ability to take advantage of the Australia-India Economic Cooperatio
Malta Freeport invests in Terminal 2 expansion Malta Freeport at Marsaxlokk has commenced expansion works on its Terminal 2 in an investment of over US$110 million. The North Quay will be stretched from 267 metres to 770 metres and the West Quay from 195 metres to 313 metres, according to DynaLiners' report. Malta Freeport is a 50-50 joint venture of Terminal Link, owned by CMA CGM (51%) and China Merchants (49%), and Yilport. The post appea
Container trailer catches fire in DP World's Nhava Sheva terminal [video] A container-laden truck at the dockside of India's Nhava Sheva Port (JNPA) caught fire yesterday (2 March) evening. The trailer was reportedly engaged in inter-terminal transport activity for DP World's Nhava Sheva International Container Terminal (NSICT). The cause of the fire was not immediately known, according to sources. However, the incident did not cause any major impact on terminal operat
Marcor Stevedoring to build new dry bulk terminal in Rotterdam Marcor Stevedoring, a dry bulk terminal operator in Rotterdam, will construct a new dry bulk terminal at Rotterdam's Mississippihaven. This concerns the expansion of the yellow-and-blue floating terminal in the Waalhaven, a harbour in Rotterdam. The extension was developed in collaboration with the Port of Rotterdam Authority. According to the announcement, the terminal will include an enclosed s
Korea Development Bank, Korea Ocean Business Corporation start HMM sale process HMM's two largest stakeholders, Korea Development Bank (KDB), and Korea Ocean Business Corporation (KOBC), announced on 2 March that they will form an advisory group to sell the government's interest in South Korea's flagship shipping line. One company in each of the three areas of divestment, accounting, and legal affairs, will be selected to form an advisory group, which KDB and KOBC hope can b
DP World to invest US$38 million to upgrade Port of Santos UAE-based operator DP World has unveiled plans to invest US$38 million in 2023 to expand and upgrade its facilities on the left bank of Brazil's Port of Santos, one of the largest and most modern private multi-purpose port terminals in the country. DP World aims to increase the annual container capacity of the terminal from 1.2 million to 1.4 million TEUs and expand the size of the quay from 1,10
DP World to invest $38m in Brazil's Port of Santos Dubai-headquartered terminal operator DP World has announced a $38m investment to expand and modernise its facilities located on the left bank of Brazil's Port of Santos. The investment is expected to see an increase in annual movement capacity from 1.2m teu to 1.4m teu and an expansion of the quay from 1,100 m to 1,300 ...
Fednav sells terminals division Canadian bulk carrier operator Fednav has sold its marine terminal business to Logistec Stevedoring, a subsidiary of fellow Logistec Corporation, for $105m. The deal incorporates Canadian and US terminal business, including Federal Marine Terminals and the logistics division, Fednav Direct. Fednav's division has operated terminal facilities at ports in Canada and the US for over ...
MMA Offshore scores $20m Taiwanese wind hat-trick Australian OSV operator MMA Offshore has won three contracts worth a combined A$30m ($20.1m) to support offshore wind farm developments in Taiwan during 2023. The three vessel contracts are for a total of 370 days, with options for an additional 180 days and a potential revenue of approximately A$15m ($10.1m). The 2016-built MMA Pinnacle will ...
DOF Subsea picks up $35m in vessel contracts off Brazil DOF Subsea has secured new deals worth combined more than $35m for two of its vessels in Brazil. Petrobras has exercised an option for the diving support vessel. The extension will see the 2007-built DSV utilised for the remotely operated vehicle (ROV) and diving services until February 2024 in direct continuation with the current ...
NKT and Prysmian split multi-billion-dollar Dutch offshore wind cabling deal Cabling contractors NKT of Denmark and Italy's Prysmian have emerged as winners of a large tender launched by Dutch-German transmission grid operator TenneT for work on connection projects that will link upcoming Dutch offshore wind farms to the mainland grid. Under the contracts, the companies will install five 525kV cross-linked polyethylene (XLPE) HVDC (high voltage ...
Alang seeks to become car junkyard The most famous ship recycling area in the world could be about to come a car junkyard too. Alang on the west coast of India in Gujarat province is exploring the possibility of scrapping cars in addition to its market-leading position when it comes to dismantling ships. At the behest of the Ship Recycling Industries ...
PGS scores another seismic survey in Namibia Norwegian seismic player PGS has been awarded a new 3D exploration acquisition contract for work offshore Namibia. The Oslo-listed firm, which boasts the second-largest seismic fleet after Shearwater, will mobilise the 2013-built for the survey expected to complete in late May. The contract value has not been disclosed, but as per PGS' Oslo filing practice, ...
Another Chinese yard attempts reactivation Another shuttered Chinese shipyard is looking to reactivate amid a period where the global ship orderbook is swelling. Jinhai Intelligent Manufacturing, formerly called Jinhai Heavy Industries, is seeking to rent out its yard to a fellow Chinese shipbuilder. Zhejiang-based Jinhai was saddled with huge debts racked up by its parent HNA Group. It last delivered ...
Beks flips aframax Istanbul-based Beks Ship Management and Trading, this year's most active Turkish owner in the secondhand market, has flipped an aframax. Sources tell Splash that Turkish tycoon Ali Bekmezci, who has made several moves in the wet sector this year, is flipping his first tanker. Brokers tell Splash that Beks is proceeding to sell the 15-year-old, ...
Privatisation process gets underway at HMM State-run Korea Development Bank and Korea Ocean Business Corp are now proceeding with the privatisation of HMM, South Korea's flagship carrier. The two companies own around 40% of HMM, which was bailed out by the state seven years ago during a container downturn. The two firms are in the process of selecting a consulting group ...
Ridley Island Export Logistics Project passes key milestone The Port of Prince Rupert, on Canada's Pacific coast north of Vancouver, has announced that its Ridley Island Export Logistics Project (RIELP) has reached a significant milestone, receiving the final determination of the federal environmental effects evaluation review. The review found that the project is not likely to cause significant adverse environmental effects. Following receipt ...
Environmental and Indigenous groups challenge Canadian government approval of Bay du Nord project in court Several environmental and Indigenous groups in Canada are challenging in federal court the Minister of Environment and Climate Change's approval of Bay du Nord, a $12-bn oil and gas project proposed off the coast of Newfoundland and Labrador. The lawsuit was filed by Ecojustice on behalf of Équiterre, Sierra Club Canada Foundation, and Mi'gmawe'l Tplu'taqnn ...
CMA CGM's weak fourth quarter shows the shape of things to come Better performance in the group's logistics and ports businesses indicates diversification strategy is paying off. Company will reinvest 90% of...
Edda Wind orders four CSOVs after securing funding Norwegian company adds to its orderbook of eight, after a recent private placement was oversubscribed
Eagle Bulk reports record year despite weaker finish Chief executive says market fundamentals remain positive as a historically low orderbook coupled with an aging fleet is set to...
Container shipping faces change while the song remains the same The pandemic was neatly bookended by TPM conferences in 2020 and 2023. The new set of challenges faced by container...
Methanol-fuelled ships make up bulk of new orders Given the decarbonisation drive, alternative fuelled-ships are being ordered, with methanol garnering increasing attention
Major US retailers face call to abandon polluting ships US retailers including Walmart, Target and Home Depot are being urged to abandon polluting vessels and end port pollution by...
Steamship Mutual 'not particularly interested' in hull market or merger 'It is not entirely obvious to many people why a merger is necessarily a good thing,' says Stephen Martin
Daily Briefing Box shipping faces major shake-up in wake of 2M divorce | Labour uncertainty top of mind for retailers as service...
Singapore to develop AI-enabled vessel traffic management system The next-generation vessel traffic management system will allow the Singapore Maritime Port Authority to provide vessels with more accurate information...
Value Maritime's CO2 capture system gets ABS approval Value Maritime's Filtree system has been installed on more than 20 vessels from the existing fleet
More US shippers finding LTL savings, but no 'price war' Several US shippers tell the Journal of Commerce they are getting rate concessions from their less-than-truckload carriers, but the price cuts are far from universal and may depend on how shippers bid.
CMA CGM rides strong first half to record profits in 2022 Even as demand headwinds buffet container lines, the CMA CGM Group posted record earnings in 2022 thanks to the lingering effects of the pandemic-fueled container market.
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US DOT opens $12.4 million in funding for maritime transportation projects The federal government says it's looking to fund projects across the country that will help move goods, particularly in rural areas, and strengthen the country's supply chain.
Nothing extreme about current unpredictability in container shipping: analyst Demand has slumped, overcapacity is on its way, and a rate war is igniting in the trans-Pacific, but analyst Lars Jensen says those factors are perfectly normal amid the cyclical downturn under way in container shipping.
HMM's two largest shareholders launch $6 billion share sale The share sale would give the new owners management control over HMM, which has led to speculation only South Korean firms would be allowed to participate.
Journal of Commerce Rankings: Top 25 truckload carriers saw big revenue gains in 2022 The last two years were highly profitable for the largest US truckload carriers, but 2023 promises to be a tougher time as rates and volumes decline.
Eagle Bulk not planning to buy or sell more ships, for the time being Asset prices should rise due to ageing fleet and low orderbook, chief executive Gary Vogel says
'Historic results': Fourth-quarter slowdown fails to stop CMA CGM from $25bn profit in 2022 French liner giant sees deteriorating conditions continuing in 2023 but strikes a positive note about financial resiliency
Dry bulk market surges off stronger iron ore, grain and coal volumes Futures market surges to indicate higher spot rates in the weeks ahead
Iran sanctions pressure group details trading patterns of sanctioned ships United Against Nuclear Iran said it caught three of the 20 sanctioned ships calling on Iranian ports
Sanctioned Russian group's vessel linked to STS with 'dark' tanker Sun Ship Management was listed in European Union's 10th sanctions package to mark the first anniversary of Russia's invasion of Ukraine
Editor's selection: CMB 'regret', dark trade exposed, Hafnia's rewards and monster markets TradeWinds collects some of the biggest stories of the week
France bans Chinese bulker that skipped shiprepair yard call The Xin Feng barred from Paris MOU ports after failing to get deficiencies fixed in China
Newcomer liner operators cash in on surging China to Russia rates Carriers shrug off sanctions in response to Baltic and Black Sea demand
Liner newcomers cash in on surging China to Russia rates Operators shrug off sanctions in response to Baltic and Black Sea demand
Trade Winds (the book): How Covid kept Christiaan De Beukelaer sailing A three-week trip on a sailing cargo vessel turned into a five-month odyssey for the wind power researcher and author
Softer fourth quarter fails to prevent record year for Eagle Bulk as vessel earnings beat spot market First-quarter time charter equivalent earnings fall but still beat spot market indicator
Wan Hai Lines adds to Japanese panamax container ship orderbook Brokers report the Taiwanese owner added three more contracts
Danish Shipping climate guru Skipper Schwenn on the move Decarbonisation expert looking for a new challenge
NYK Line named as shipowner paying record price for LNG newbuilding trio Speculation swirls as to likely employment for ships as greenlight looms for several US liquefaction projects
Russian CEO steps down from ICS board after US sanctions move Albert Vygovskii resigned after Pola Raiz was included in new listing to mark the first anniversary of the invasion of Ukraine
LNG carrier and bulk carrier take evasive action after 'approach' off Yemen Vessels speed up as two crafts and a larger ship spotted east of Socotra
Singapore's Penguin Shipyard wins orders for seven CTVs from Ireland's Farra Marine Shipbuilder continues pivot to Europe's growing offshore wind market with latest contract
S&P moves poised to add youth and scrubbers to Eagle Bulk Shipping fleet profile Eagle Bulk sells older supramax and is expected to announce purchase of modern ultramax bulk carriers
Norden adding former Louis Dreyfus boss Ian McIntosh to board Danish outfit also hopes to appoint pension fund executive Vibeke Bak Solok as a director
Cleaves tips new cyclical bulker peak in 2025 as S&P interest revives Analyst is bullish on sector bolstered by healthy freight demand
Fednav becomes pure-play bulker owner with sale of terminals and logistics unit Major divestment will see Canadian owner focus on developing shipping business
Methanol dual-fuel numbers log record tally in February, DNV says 'Green methanol will be needed sooner than green LNG', classification society warns
NIBC trims shipping exposure in second half as profit dips Bank says earnings are still strong as it focuses on decarbonisation in the sector
Insurer Beazley posts profits despite Ukraine war claims Marine underwriter has been assisting clients with ships caught up in the conflict
South Korea kicks off privatisation of $8bn shipowner HMM Container ship and VLCC player's management rights go up for grabs
'Shipowners are hesitant': Torvald Klaveness fuels 'race to wait' debate at Singapore forum Norwegian shipowner says making supply chains more effective is another way forward to reducing emissions
Bahri mulls Suez venture as ICS seeks talks over higher transit tolls As Egypt looks for politically palatable ways to monetise the waterway, shipping is trying to make its voice heard
US lists 'red flags' that point to Russia sanctions evasion Six-page alert helps businesses identify potential breaches
John Fredriksen and Idan Ofer pump more cash into Edda Wind as it orders new CSOVs Major investors join Wilhelmsen and Ostensjo Rederi in backing expansion at Norwegian owner
Boost for Euronav as shareholder advisor ISS backs its board candidates Influential investor proxy organisation opposes CMB's bid to oust current directors
War crimes: Ukraine helps P&I clubs send Russia the bill Ukrainian authorities are working out a way to make Russian state-controlled entities reimburse protection and indemnity clubs for war crimes at sea
Investors can keep their calm amid the fistfight for control of Euronav. Here's why Euronav's Hugo De Stoop has pulled no punches in airing his fears for the tanker giant but investors should be sleeping soundly
Special report: Putting the spotlight on shipping companies at the forefront of sustainable tech Green Seas First Movers Business Focus profiles some of the shipowners, operators and charterers that are early adopters of the fuels and technologies that aim to clean up shipping
Small ships pursuing a big opportunity: Northern Lights, K Line and carbon shipping
Harnessing ocean data: Berge Bulk and optimisation technology
Pursuing a 'game changer': Solvang and onboard carbon capture
Establishing a baseline, then setting achievable goals: Harvey Gulf and emissions monitoring
'Essential' to decarbonisation: Mitsui OSK Lines and electric propulsion
When oil and water mix: MSC and synthetic fuels
Riding the 'magic carpet': Carnival, Grimaldi and air lubcrication
Closing the gap: Maersk Tankers, Mitsui and Cargill on energy saving devices
Sourcing green LNG: CMA-CGM and biomethane
Going big: Brazil's Vale and wind propulsion
On land and at sea: Compagnie Maritime Belge in hydrogen fuelling
'Getting the supply rolling': Maersk and the hunt for green methanol
From trials to the hunt for scale: Cargill Ocean Transportation in biofuels
From 'unreal' to reality: MISC Berhad with the Castor Initiative Charge ahead ammonia fuelling
Building a supply chain: HySTRA in hydrogen shipping
Pursuing a technology 'game changer': Shell and fuel cells
Handysize specialist Uni-Asia set to reward shareholders with special dividend Singapore-listed Japanese bulker shipowner to payout the highest dividend in the group's history
Saudi Arabia jumps into cruise with World Dream purchase Former Genting Hong Kong flagship to launch mass-market cruising in oil-rich Kingdom
Torvald Klaveness fuels 'race to wait' debate at Singapore forum Norwegian shipowner says effective seaborne supply chains are key to reducing emissions
Softer fourth quarter fails to prevent record year Eagle Bulk as vessel earnings beat spot market First quarter time-charter equivalent earnings fall but still beat spot market indicator
Mercedes-Benz to benefit from new cargo service at Birmingham airport Global logistics provider Kuehne+Nagel wants to avoid bottlenecks at big cargo airports by sending freighters to Birmingham, Alabama.
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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