U.S. and U.K. Navies respond to another Strait of Hormuz incident In the latest of a series if incidents in the Strait of Hormuz, United States and United Kingdom Royal Navy forces responded to a distress call from a merchant vessel transiting the
DeepOcean wins Mexico post-lay trenching contract Oslo, Norway, headquartered DeepOcean reports that its Mexican operation has been awarded a contract for the provision of post-lay trenching works on 30 kilometers of pipeline offshore Mexico. DeepOcean will execute the
HaiSea Marine takes delivery of Sanmar's first battery-electric tug Canada's HaiSea Marine has taken delivery of the first of three battery electric harbor tugs from Turkey's Sanmar Shipyards. The tug, the HaiSea Wamis has been built to Robert Allan Ltd.'s ElectRA
ABB wins major order for Havfram Wind WTIV duo The two NG20000X-HF wind turbine installation vessels (WTIVs) on order for Oslo-headquartered Havfram Wind are to feature an extensive ABB integrated power, control and propulsion technology solution. Under construction at China's Yantai
Container Shipping Guide International ocean freight shipping is one of the most preferred ways to securely ship your goods. However, you need to consider several things - from cost to delivery time and the type of container to the size of your packing. Therefore, before you plan to international ship your products, read this guide for deeper insights. Why Do You Have To Plan Ahead For Container Shipping? Planning for co
Port of Felixstowe and Westwell sign agreenment for 100 autonomous trucks UK's Port of Felixstowe and Shanghai Westwell Technology Co., Ltd (Westwell) have signed an agreement for an additional 100 battery-powered autonomous Q-Trucks. The order follows a tender exercise and a thorough testing and evaluation process. The delivery of the first autonomous trucks will be in September 2023. In addition to the autonomous trucks, the port is investing in battery-powered conve
AD Ports inks 25-year agreement with Crystal Offshore AD Ports Group has signed a 25-year agreement with Singapore-based Crystal Offshore, a provider of one-stop logistics solutions for the marine and offshore industry. More specifically, through this agreement, a 20,000 m² plot of land and an associated quay wall in Khalifa Port will be allocated for Crystal Offshore to construct a base, featuring office facilities and fabrication workshops to prov
COSCO signs methanol fuel supply system deal for four boxships COSCO SHIPPING Heavy Industry Technology (Weihai) inked an order agreement for methanol fuel supply system for four 16,000 TEU container ships with COSCO SHIPPING Heavy Industry (Yangzhou). It is the first large project of methanol fuel supply for both the main and auxiliary engines of ships in China, according to a COSCO statement. In particular, the methanol fuel supply system, also called "Mar
PSA BDP opens new EV battery warehouse in France PSA BDP, a provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, announced the inauguration of its new Electric Vehicle (EV) battery logistics warehouse in Dunkirk, France. With this warehouse, PSA BDP aims to offer contract logistics services to the region's rapidly growing Auto EV cluster. The facility is BREEAM* certified and meets the highest
ICTSI announces new investments in Matadi Gateway Terminal ICTSI's Matadi Gateway Terminal (MGT) has unveiled new investments in order to increase terminal efficiency and provide easier access to the port of Matadi in the Democratic Republic of the Congo. The hybrid rubber tyred gantry cranes (RTGs), the first of their kind in African ports, are expected to boost the terminal's efficiency and productivity while ensuring minimal impact on the environment,
Dockworkers shut US West Coast terminals as negotiations continue Dockworkers on the United States West Coast have taken industrial action over wage disputes, causing important operation difficulties at major container ports in California. On 2 June, the International Longshore and Warehouse Union (ILWU) is staging concerted and disruptive work actions that have effectively shut down operations at some marine terminals at the Ports of Los Angeles and Long Beach
Power disruption halts operations at APM Terminals Pipavav in India A power failure at APM Terminals Pipavav in India, caused by strong winds, impacted the port operations. On 29 May evening, strong winds uprooted the power transmission towers of Gujarat Electricity Transmission Company Limited (GETCO) outside the port area resulting into disruption of the grid power supply. According to GETCO, the complete restoration of the grid power supply is expected to need
Mitsubishi Shipbuilding to launch technical studies on ammonia fuel supply system for marine engines Mitsubishi Shipbuilding Co. will undertake technical studies on an ammonia fuel supply system for large, low-speed two-stroke marine engines under development by Winterthur Gas & Diesel AG (WinGD), a Swiss designer of large marine engines. The signing ceremony of the memorandum of understanding (MoU) was held at WinGD headquarters in Switzerland on 2 June. The new agreement reflects both companie
ONE to receive its first 24,000 TEU class Megamax vessel Ocean Network Express (ONE) announced that the vessel ONE Innovation, the company's first 24,000 TEU class Megamax, was successfully delivered at Kure Shipyard of Japan Marine United Corporation on 2 June. The container ship is expected to help bring economies of scale and significantly lower carbon emissions through a state-of-the-art hull design that aims to maximise cargo intake and minimise f
Felixstowe readies for autonomous trucks UK's top container port Felixstowe, operated by Hong Kong's Hutchison Ports, is set to launch 100 battery-powered autonomous trucks, with the first units to enter service in September. The trucks will be built by Shanghai Westwell Technology following a "thorough testing and evaluation process". Last December, Felixstowe rolled out a pair of Westwell's autonomous terminal ...
Hsin Chien Marine lets go of two ageing bulkers Taiwanese shipowner Harvey Chiu and his Hsin Chien Marine have cashes in investments in the bulker market, pruning its 26-ship strong bulker arm by selling its oldest ships. Splash understands that two ships have been offloaded this year; a 10-year-old Mitsui Tamano-built supramax sold to Jandoor shipping, while Indonesian owner Habco is revealed as the ...
Fredriksen approaching mandatory offer for Euronav Shipping magnate John Fredriksen has not lost his appetite for the Belgian tanker giant Euronav and is quietly approaching a mandatory takeover offer threshold. The largest shareholder and supervisory board member now owns close to 28.5% of the Antwerp-based company after its investment vehicle, Famatown Finance, added around $63m worth of shares, lifting its stake ...
Singapore's Crystal Offshore to build offshore rig and vessel repair base in Abu Dhabi AD Ports Group has signed a 25-year agreement with Singapore's Crystal Offshore to build a base for repairs and refits of jackup rigs and marine and offshore vessels such as FPSOs and semi-submersibles in Khalifa Port, Abu Dhabi's flagship deepwater port. Under the agreement, a 20,000 sq m plot of land and an associated quay ...
Belships sells ultramax as another gets fixed on index-linked contract Norway's Belships has sealed a deal to sell its 2015-built ultramax bulker to an unnamed buyer while chartering out another at an index-linked rate. No price tag has been revealed for the Japanese-built 60,600 dwt , the Oslo-listed shipowner acquired about a year ago, except that it was slightly above the book value. The sale ...
Enesel revealed as VLCC seller to DHT Enesel Shipping, run by Greek brothers Andonis and Filippos Lemos, has been identified as the seller of last week's tanker deal of the week. On Thursday DHT Holdings revealed that it had bagged a 2018-built VLCC for $94.5m, without disclosing who the seller was and which ship. Over the weekend, details of the ship and ...
Deepocean scores Mexican contract DeepOcean's Mexican unit has won a contract for the provision of post-lay trenching works on 30 km of pipeline offshore Mexico. The 2008-built subsea construction vessel equipped with the company's high powered jet trencher UT-1 has been earmarked for the job. The vessel on charter from Volstad Maritime was mobilised from Norway after the completion ...
Neptune Leasing brings in Lars Solbakken Former Ocean Yield chief executive Lars Solbakken has joined Neptune Maritime Leasing as an adviser to its executive board. Neptune Leasing was set up in 2021 by veteran financier Harris Antoniou with the Lastis family as anchor investor. In March this year, Greek boxship and bulker owner Costamare also came on board as the leading investor in ...
Nor-Shipping gets underway Today sees the official opening of Nor-Shipping 2023, with a high-profile event at Oslo City Hall, a special bell ringing ceremony at Oslo stock exchange, a UN Global Compact high-level meeting, and a range of other partner and networking activities. Nor-Shipping's main exhibition, gathering almost 1,000 international exhibitors and tens of thousands of delegates, kicks ...
Lepta Shipping signs for up to 12 kamsarmaxes at Yangzijiang Bulk carrier orders continue to flood in. Tokyo-based Lepta Shipping has returned to Yangzijiang Shipbuilding, signing for 10 firm 82,500 dwt kamsarmaxes in a deal that comes with two options. The firm vessels are due for delivery from the first quarter of 2026, and close out the yard's slots through to early 2027. Lepta has ...
UBS set to close Credit Suisse takeover by June 12 Switzerland's largest bank UBS said on Monday it expected to complete its takeover of Credit Suisse as early as June 12, 2023, assuming the top shipping financier position in Greece. Completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the US Securities and Exchange Commission, and other ...
US west coast port disruption stretches into fourth day A wave of industrial action across US west coast ports has entered its fourth day as contract talks between employers and staff stall. The Pacific Maritime Association, which represents west coast terminal operators, said Friday that dockworkers were "staging concerted and disruptive work actions" that had stopped or severely disrupted operations stretching from terminals at ...
Anglo-Eastern hit with India recruitment ban Anglo-Eastern, a shipmanager with more investments in India than most maritime companies, has run into difficulty in the world's most populous nation. In a long-running case involving the death of a chief engineer onboard an Anglo-Eastern-managed bulk carrier, after much lobbying from the family of the deceased, India's Directorate General of Shipping has suspended the ...
Australia and Singapore form green corridor Australia and Singapore a green and digital shipping corridor by the end of 2025. Australia's Department of Infrastructure, Transport, Regional Development, Communications and the Arts (DITRDCA) and the Maritime and Port Authority of Singapore (MPA) are jointly leading this cooperation. These authorities are working closely with port operators, relevant jurisdictions and maritime and energy value
PMA says west coast disruptions continue as retailer association urges White House intervention The Pacific Maritime Associations says dockworkers continue to disrupt operations in key west coast ports for the fourth consecutive day...
Economou calls for flawed CII to be scrapped Shipowners have criticised IMO's CII rules in a Nor-Shipping panel, while mostly supporting shipping's inclusion in the EU ETS as...
US and UK Navies "respond" to vessel harassed by IRGC in Strait of Hormuz Fast attack Iranian ships "harassed" the unidentified tanker, but the situation deescalated about an hour afterwards when they departed the...
The Lloyd's List Podcast: Optimism overflows in Oslo There has been an outbreak of optimism as the industry converges on Oslo this week to discuss the tectonic shifts...
US west coast disruptions persist as labour dispute intensifies It is still unclear which terminals will resume operations on Monday and in what capacity, but Total Terminals International in...
Capacity and competition seen limiting role of biofuels for shipping White Paper released by DNV says production constraints and competition from other sectors for biofuels will limit its availability as...
IMO and EU eye convergence of regional and global regulation Increasingly positive signals from within the International Maritime Organization and European Union suggest that a deal could yet be brokered...
Why recruiting Gen Alpha will be vital for decarbonisation If recruitment teams persist in drawing all their talent from maritime, the industry will miss out on tech skills being...
Government intervention imperative in tackling 'shadow' oil fleet Höegh LNG and Gard chairman says risks emanating from the growing shadow fleet of tankers circumventing Western shipping sanctions cannot...
Surprise Opec+ oil supply cuts set bearish tone for tanker markets In an unexpected move, Saudi Arabia decides to voluntarily cut another 1m barrels per day in July in a move...
Maersk sells 24-year-old boxship for recycling Maersk has sold the 1,092 teu capacity Maersk Atlantic to Indian shipbreakers under Hong Kong Convention green ship recycling terms ...
Tanker billionaire John Fredriksen boosts stake in rival shipowner Euronav Fredriksen continues to build a majority share in Euronav, even after cancelling merger plans with Frontline earlier this year. At...
The week in charts: Box carriers push through transpacific rate increase | Western insurers cover two thirds of Russia's Baltic and Black Sea oil exports | Iran oil exports reach record levels Minor bulk commodity movements decline or remain flat in 2023, alternative fuel vessel orders steady in May and grain deal...
The week in newbuildings: Vehicle carrier orderbook hits 142 ships The combined capacity of the pure car and truck carrier orderbook has now reached 28% of the existing fleet in...
Work begins on Safer oil removal Teams are readying Safer ahead of removing cargo. UN says it still needs more financial support to prevent ecological disaster
Top 10 carriers' market share drops after pandemic MSC is the biggest winner of market share while Maersk and Cosco suffer the largest fallback, according to Sea-Intelligence
Lubricants support crew safety as alternative fuels emerge It is essential that lubricants are not overlooked as alternative fuels emerge. Any change to either fuel or lubricant could...
Hutchison brings autonomous trucks to Felixstowe After a trial of the technology in Thailand, the global port operator is buying 100 self-driving units for its largest...
Singapore and Australia to set up green corridor by end of 2025 The two countries have followed up on the the Green Shipping Cooperation initiative outlined in the Singapore-Australia Green Economy Agreement in...
Jiangsu Yangzi-Mitsui Shipbuilding seals Lepta Shipping deal for up to 12 bulkers Delivery will begin from 2026. The joint venture shipyard now holds orders worth $2.1bn
Daily Briefing It's not yet time for Plan B on Russia shipping sanctions | Box carriers push through transpacific rate increase |...
UPDATE: USWC disruptions continue as ILWU flexes power amid wage, manning gap with employers The White House said it was monitoring the fast-developing situation along the West Coast, while a major retail organization urged the Biden administration to intervene and warned about the ongoing diversion of cargo to the East and Gulf coasts.
New FMC complaint challenges 'unlawful' stevedoring fees in Baltimore Two stevedoring companies are looking to the Federal Maritime Commission to stop what they say is an unlawful access fee at the Port of Baltimore after one of them was invoiced $1.2 million.
At least one USWC terminal dealing with ILWU job action Monday West Coast terminal operators say if Monday's cargo handling went smoothly, coastwide negotiations between the ILWU and the Pacific Maritime Association would resume on Tuesday.
IATA upgrades global airline outlook as recovery gathers momentum The airline industry has performed better than expected so far this year, with the International Air Transport Association providing a surprisingly sunny financial outlook for an industry with a forecasted profit margin of just 1.2%.
Capesize bulker market ticks up after four-week decline China's measures to help property sector reverses downward trend
X-Press Feeders inks order for six more methanol dual-fuel boxships Singapore-based owner takes tally of dual-fuel feeders to 14 vessels with latest order
US West Coast port labour disruptions may boost container rates, analyst says Ocean carriers and terminal operators made $500bn while dockworkers 'toiled around the clock' during pandemic, International Longshore and Warehouse Union says
ForestWave signs up with Finnish digital firm Seaber Dutch shipowner and manager uses software to make time charter planning and scheduling more efficient
Container shipping turning the corner in time for peak season, says Rolf Habben Jansen Hapag-Lloyd boss says demand has picked up in recent weeks
US and UK step in as Greek bulker 'harassed' by Iranian attack vessels Incident took place in Strait of Hormuz
MPCC seals $102m funding for new container ships with Credit Agricole Oslo-listed owner finances duo with backing from South Korea's K-Sure
US and UK step in as Greek bulker 'harassed' by Iranian ships Incident involving the Venture took place on Sunday in Strait of Hormuz
Carbon capturing and accepting bunker tanker, anyone? Another new aspect of maritime decarbonisation for global bunkering industry to engage with
IOPC Funds will help meet Philippine tanker oil spill claims Compensation fund will work with Shipowners' Club as pollution costs continue to rise
Transfer of $10bn Credit Suisse shipping book expected to close in a week Acquisition of troubled lender by UBS nears completion
Danish researchers reveal winners and losers in fresh dry bulk emissions rankings Anders Liengaard and Soren Roschmann have added a fresh twist to their annual survey of dry bulk shipowners
Chinese and Japanese shipbuilding giants team up to develop ammonia engines CSSC unit WinGD enters partnership with Mitsubishi Shipbuilding, aiming to put vessels into service by 2027
Atle Bergshaven backing off shipping and heading to Cyprus Shipowner thrilled with recent aframax sale prices but still worries about risk
Ardmore Shipping to fit more carbon capture-ready scrubbers to MR tankers Irish shipowner ordering more of Value Maritime's pioneering Filtree systems
Lim expects 'good outcome' on approval of net zero by 2050 IMO secretary general says consensus is growing on approving measures to slash shipping emissions more deeply
More shipping companies expected to IPO on the Oslo Stock Exchange this year Oslo Stock Exchange has more listed shipping companies than any other worldwide and there could be more on the way
North Korea accuses IMO of being US 'plaything' after missile criticism Delegates have called for an end to Pyongyang's unannounced missile tests because of dangers to shipping
European gas imports will lose their 'sense of emergency' but market to survive crisis Gas shipping after the Ukraine war will normalise in a permanently changed form, believe owners at the first conference of Nor-Shipping week in Oslo
Harry Vafias names the date as bulk carrier spin-off prepares for listing Shareholders of Imperial Petroleum to receive share allocation this month
Globus Maritime in talks with banks to add more bulkers Greek shipowner wants to modernise fleet further after ordering three new vessels last year
UK's top court rebuffs car carriers over cartel legal battle Case is scheduled to start in early 2025 over claims of a cartel importing vehicles
Belships flips ultramax bulker to bank $10m after eight months Norwegian shipowner also reveals new charter linked to Baltic Exchange's supramax index
John Fredriksen edging towards takeover threshold as he buys more Euronav shares Tycoon's stake of 28.48% puts him close to 30% level that would trigger an offer for tanker giant
Stena tests water with rare sales float of LNG carrier and technology business Shipowner opts to explore options after fielding 'unsolicited' interest on its three vessels and infrastructure solutions arm
Billionaire ex-Glencore trader Aristotelis Mistakidis eyes Greek shipping lender Billionaire investor in talks to become top shareholder in Tsakos and Coustas-backed Aegean Baltic Bank
Japan's Lepta Shipping inks up to 12 kamsarmax bulk carriers at Yangzijiang The Japanese tonnage provider is said to be paying around $37m apiece for the scrubber-fitted bulk carriers
Lars Solbakken re-emerges at Latsis and Costamare-backed Neptune Leasing Former Ocean Yield chief executive takes on advisory role to leasing company's executive board
Thenamaris tanker towed away after breaking down in Suez Canal Seavigour briefly disrupted traffic in the Egyptian waterway on Sunday
Singapore safety clampdown snares over 30 tankers Asian nations are becoming increasingly worried about the crude carriers sailing off their coasts
Tanker equities set to slide as Opec+ opts to extend cuts, warns fund manager Consensus ahead of the OPEC+ meeting in Vienna was for no change in supply
Trans-Pacific spot container shipping rates are inching up Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
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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