NYCEDC says NYC Ferry ridership is at record levels According to a recent report by the New York City Economic Development Corporation (NYCEDC), the City-owned NYC Ferry service served 6.6 million total riders in FY 2023. There were 550,000 riders on
Höegh Autoliners could be bunkering clean ammonia in JAXPORT by 2027 Höegh Autoliners and Japan's Sumitomo Corporation have signed a Letter of Intent to collaborate on the supply and delivery of clean ammonia as a next-generation sustainable maritime fuel for Höegh's upcoming Aurora
VIDEO: Med Marine completes cutting-edge MED-P16 pilot boat In addition to being a shipbuilder, Med Marine is also Turkey's leading tugboat operator. Its services include pilotage and the latest vessel to be completed at its shipyard is a Camarc-designed MED-P16
Wärtsilä will add four more methanol engines to its portfolio With the ordering of methanol-fueled vessels picking up pace, Wärtsilä is to introduce another four methanol engines to its portfolio. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä
DHL Express unveils leadership changes in Europe and the Americas DHL Express has announced leadership changes, appointing new regional CEOs for Europe and the Americas. Mike Parra, the current CEO for the Americas, is set to assume the position of CEO for DHL Express Europe. Simultaneously, Andrew Williams, the current CEO of DHL Express Canada, is set to step into the role of the new Regional CEO for the Americas, with effect from 1 January 2024. Both executi
JAXPORT welcomes ONE's new West India North America service Ocean Network Express (ONE) will debut its new West India North America (WIN) container service in May 2024, linking the Jacksonville Port Authority (JAXPORT) directly with seven ports in Pakistan, India, Saudi Arabia, Spain, and Egypt. The weekly WIN service will be provided by a fleet of nine vessels, all of which will be operated by ONE. The port rotation will be Bin Qasim (Pakistan), Hazira (
CSP Abu Dhabi Terminal joins Portchain Connect network Portchain, a provider of berth alignment solutions for container terminals and carriers, announced that CSP Abu Dhabi Terminal (CSPADT) will join Portchain Connect network. CSP Abu Dhabi Terminal is set to leverage Portchain Connect to enhance the efficiency and precision of their berth alignment processes with customers, facilitated through digital handshakes and secure data sharing. Portchain h
SCZONE signs US$1.1 billion deal for green bunkering in East Port Said On the sidelines of the participation of the General Authority of the Suez Canal Economic Zone (SCZONE) in the Climate Summit COP28, chairman of SCZONE Waleid Gamal El-Dien, head of the Egyptian Minister of Petroleum's Technical Office Eng. Alaa Hagar and CEO of Scatec ASA Terje Pilskog signed an MoU aimed at issuing a license to practice the activity of ships' bunkering with green fuel for Scate
APM Terminals, DP World launch Zero Emission Port Alliance at COP28 Two major container port and terminal operators DP World and APM Terminals announced the formation of the Zero Emission Port Alliance (ZEPA), a strategic coalition aiming to accelerate the process to zero emissions for container handling equipment (CHE) at ports. The two parties said the alliance will start its activities in 2024 and noted that ZEPA membership is open to all industry participants
More container ships could be held up if Red Sea tensions escalate Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted, according to Linerlytica's latest report today (5 December). On 3 December, Number 9, a boxship owned by UK firm Castle Harbour and operated by OOCL, was hit by a rocket fired by a drone, amid the ongoing Israel-Palestine conflict. Linerlytica remarked that the attack
ABB unveils digital tool to enhance transparency on vessel emissions ABB has launched an innovative digital tool designed to empower ship owners, operators, and designers in assessing the environmental impact of various ABB technologies implemented onboard ships. The CO2e (carbon dioxide-equivalent) Calculator, applicable to five key ABB maritime solutions-Azipod® electric propulsion, energy storage, Onboard DC GridTM power system platform, shaft generator, and sho
Wärtsilä adds four methanol engines to its portfolio Technology group Wärtsilä will introduce another four methanol engines to its portfolio, setting a new industry benchmark with the broadest methanol engine portfolio currently on the market. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä will add the Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS to its portfolio of engines capable of operating with methanol
APM Terminals establishes new priority truck lane at Los Angeles Pier 400 APM Terminals is set to launch its "Clean Truck Express" lane at Pier 400 in Los Angeles today (5 December). Exclusively designed for vehicles enrolled in the Port of Los Angeles "Clean Truck Program," this dedicated lane is an initiative by APM Terminals aiming to streamline gate-in processes for customers. The primary goal is to reduce gate-in times for customers, thereby minimising energy cons
Barcelona's ZAL Port to have Europe's largest rooftop photovoltaic plant The ZAL Port, an intermodal logistics hub under the management of Cilsa, a joint venture between the Port of Barcelona and MERLIN Properties, is set to house Europe's largest rooftop photovoltaic plant. Cilsa has embarked on an ambitious project, spanning phases until 2026, to install solar panels across the majority of its existing warehouses. A significant milestone in realizing this expansive
TT Club announces new regional general manager in Americas Global freight and logistics insurance provider TT Club has announced a significant shift in the leadership of its New Jersey office. Leo Kirchner will retire at the end of June 2024 after 29 years at Thomas Miller, TT's management company. In January 2024, a period of leadership change will begin, with Leo Kirchner continuing to support Thomas Miller Americas for another two years. Graeme Sassar
OOCL launches two intra-Asia services Orient Overseas Container Line (OOCL) aims to strengthen its China, Indonesia and Philippines network coverage by introducing two new services. In particular, the CIP1 and CIP2 services are expected to launch on 29 December, establishing direct connections among major ports in China, Indonesia, the Philippines and Singapore. The port rotation of the CIP1 service will be Shanghai (China) - Ningbo
Seaspan enters new sector, ordering world's largest car carriers with Hyundai Glovis Seaspan, the world's largest boxship lessor, has marked its entry into the car carrier segment in partnership with South Korea's Hyundai Glovis. The Atlas Corporation subsidiary and the shipping and logistics unit of Hyundai Motor Group have signed up for up to ten 10,800 ceu ships at Shanghai Waigaoqiao Shipbuilding. The deal includes six firm ...
Sea Cargo Charter to align with IMO emission targets The Sea Cargo Charter, a global framework for assessing and disclosing the climate alignment of chartering activities, is to revise its reporting framework, aligning its trajectory with the International Maritime Organization's (IMO) revised greenhouse gas strategy adopted in July and expanding its current scope to include shipowners. With 37 signatories representing over 17% of total ...
Masdar and Iberdrola forge $16bn offshore wind, green hydrogen alliance Abu Dhabi's Masdar and Spanish utility Iberdrola have inked a €15bn ($16.2bn) strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in markets such as Germany, the UK and the US. After the parties' co-investment in Baltic Eagle, in Germany, the new move will be to achieve a further ...
JSW Infrastructure acquires majority stake in PNP Port JSW Infrastructure, the listed ports unit of Indian steel tycoon Sajjan Jindal-led conglomerate JSW Group has acquired a majority stake in PNP Maritime Services (PNP Port) in Maharashtra's Raigad through its subsidiary, JSW Dharamtar Port. India's second-largest port operator in terms of cargo handling capacity acquired a 50% stake plus one share from SP Port ...
Tribunal rules neglect of maintenance led to Stellar Daisy's sinking The Busan Regional Maritime Safety Tribunal ruled today that Polaris Shipping was guilty of neglect of maintenance which caused the sinking of the Stellar Daisy, a converted ore carrier that went down in the Atlantic off Uruguay in March 2017 with the loss of 22 lives. The giant 1993-built ship was one of the most ...
Lila Global times market well with cape buy Following the secondhand market closely and successfully sealing deals immediately before surging earnings has been the key success factors for Lila Global's fantastic growth rate. This time, the owner has emerged as the taker of a 19-year-old Daewoo-built cape, named Maran Innovation, noted sold for $13.5m by Maran Dry Management some weeks ago. The ship can be relet ...
US discusses Red Sea naval escorts with allies The US is in discussions with allies to create a naval task force to chaperone merchant ships through the Red Sea amid a severe drop in security in waters off Yemen. Israel's near two-month war with Hamas has spilled onto the high seas in recent weeks with Houthi militia from Yemen targeting a range of ...
Wärtsilä showcases another four methanol engines Technology group Wärtsilä announced today on the opening day of the Marintec China exhibition in Shanghai it will introduce another four methanol engines to its portfolio. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä will add the Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS to its portfolio of engines ...
Maersk sets aside $500m to expand infrastructure across Southeast Asia With global manufacturing seeking alternatives to China, AP Moller-Maersk has announced this week more than $500m investment to expand its supply chain infrastructure to support Southeast Asia's emergence as a global production hub and a consumption powerhouse. Maersk's planned three-year investment will target its Logistics & Services arm, but at the same time, substantial amount ...
2024 will be shipping's decarbonisation reality check If 2023 was a year of reckoning on the urgency to reduce greenhouse gas emissions from shipping, 2024 is when the true test begins, writes Mikko Kuosa, CEO of NAPA. There was no shortage of regulatory headlines in 2023 - with MEPC 80 adopting a r
Marinakis group diversifies into offshore support vessels En bloc purchases reaching $106.2m may not be the last in the sector as Greek owner is expected to hunt...
Malta's loitering sanctioned tanker is first from dark fleet to be targeted by regulators US regulators have sanctioned eight ships in seven weeks for breaching the oil price cap on Russia, including one from...
CMB.Tech to install WinGD ammonia engines on 16 newcastlemaxes Ammonia-powered newbuilding vessel orders start to emerge as engine designers including WinGD, MAN and Wärtsilä aim to start delivering ammonia...
Oaktree offloads $84.6m of Torm shares US private equity giant Oaktree Capital Management has sold 2.8m of Torm shares for about $84.6m, over eight months after...
Seaspan orders vehicle carrier newbuildings backed by Hyundai Glovis charters Containership tonnage provider Seaspan is diversifying into the vehicle carrier segment with an order for six of the world's largest...
Otto Schacht and Kirsi Tikka join Lloyd's List advisory panel The Editorial Advisory Board was established in 2018 to ensure that Lloyd's List maintains the highest standard of journalism and...
Shipbuilders set sights on supply chain decarbonisation If a clean fuel's emissions must be assessed on a well-to-tank basis, is it also important to tell whether a...
Top 10 marine insurers 2023 Marine insurers stay busy year in, year out, providing the 118,000 vessels in the world fleet with all classes of...
Sea Cargo Charter to align with new IMO strategy The initiative looks to broaden its scope of membership to shipowners, while its 37 members already represent 17% of total...
Growth of Greek LNG shipping sector and key names recognised at 20th anniversary awards Evangelos Marinakis and Capital Product Partners win 'Deal of the Decade' award, while the Angelicoussis Group collects 'Ship of the...
Genco agrees $500m RCF Genco Shipping has closed on a $500m revolving credit facility, expanding its borrowing capacity by 46% from $156m. The facility...
Leading terminals spark up zero-emissions alliance Electrification of container handling equipment is an easy decarbonisation win, say its supporters. But work must to be done on...
Daily Briefing Seacon sets sights on climbing leading shipmanager ranks | Shipping showcases its decarbonisation progress at COP28 | Crew of Houthi-hijacked Galaxy...
Congressmen push FMC to form national advisory committee on port matters With shippers already having a say in regulation and policy, two House members are urging maritime regulators to give marine terminal operators and public port authorities a seat at the table.
GPA lines up final funding for Northeast Georgia inland rail terminal The Blue Ridge Connector will have 18,000 feet of working track and an annual lift capacity of up to 200,000 containers while providing shippers with an all-rail service from Savannah.
Xotta appointed Vancouver port chief as ambitious expansion plans loom The long-time Vancouver Fraser Port Authority executive has helped to lead the port's gateway infrastructure program to develop road and rail projects designed to facilitate cargo movement.
Big US LTL carriers reap lion's share of Yellow terminals in auction XPO, Estes, Saia and R+L collectively put up more than 80% of the $1.9 billion bid for terminals of bankrupt LTL provider Yellow, while more sites, including some major facilities, have yet to be auctioned.
US price cap action squeezes EU operators out of Russian trade Price cap one year on: European involvement continues to decline after eight tankers blacklisted since October by the US
Green Seas podcast: Will mining the seabed help or hurt the environment? Audio edition of Green Seas explores the debate over a new industry
Sea Cargo Charter ups benchmarks to line up with IMO and invite shipowners But new benchmarks stop short of Paris Agreement-aligned trajectory
Looking beyond the engine: COP28 needs to focus on the availability and scalability of fuels Making electrolysers and carbon capture cheaper and more efficient is key
Broker SSY launches carbon calculator to smooth path into EU ETS UK shop says new solution will help clients evaluate costs of carbon levy
Comment: Shipping splutters as key choke points feel the pressure Taiwan Strait could be the next shipping passageway to be impacted by disturbing global trends
Grimaldi tipped to make Hoegh Autoliners move after Maersk exit Italian group has the firepower to drive consolidation in car carrier/ro-ro sector, Veson Nautical believes
Evangelos Marinakis forms new offshore shipping company with $106m splash on PSV fleet Greek owner sets up Capital Offshore after acquiring the seven-ship fleet of Standard Supply
Ukraine corridor bounces back, hitting 200th outbound voyage Despite the high risk and lack of air cover, gutsy owners still send their ships in droves to Ukraine's beleaguered ports
'Maintenance neglect' blamed for fatal sinking of Stellar Daisy VLOC South Korea's Polaris Shipping criticised by accident tribunal six years after tragedy
Seaspan confirms move into car carriers in huge order with Hyundai Glovis Canadian container ship giant is partnering Hyundai Glovis on deal for the world's biggest ships
Greek tanker sales accelerate with lucrative MR and aframax deals Latsco and other smaller players are linked to transactions for middle-aged or older tonnage
Minsheng bulker officer 'absent-mindedly' dumped bilge water off Australia Shipowner and captain Shuhong Zhang both pleaded guilty to waste discharge in 2020
Samsung Heavy Industries shakes up top management team and appoints new CEO There is now just one name in hot seat at one of South Korea's big three shipbuilders
WinGD underwrites ammonia engines with Chinese yard Four-way deal with engine designer, engine builder, shipyard and shipowner to help realise ammonia engines by 2025
VLCC price talk hits $114m as Bahri linked to modern AISSOT duo Brokers say asset values need upwards revision as rumours surround 2019-built tankers
Unity Maritime says ultramax bulker undamaged in Houthi attack Danny Ungar-controlled company also reported no injuries among the Unity Explorer's crew
MOL and Bapco Energies hook up on carbon capture and storage Cross-border development to set up CCS value chain
Oaktree finally cashes in Torm shares with $85m sale US private equity player pulled out of a bigger sale earlier this year
Seafarers jump into water after crystal meth found on Thai tug Suspects arrested at a pier in the Chachoengsao district
Viewpoint: Carl-Antoine-Saverys says rules on ammonia use are not keeping pace with maritime's desire to decarbonise It is 'illogical' that a container ship will be able to use ammonia as fuel, but an ammonia carrier will not
Greek interests linked to $71m swoop for Norwegian PSV trio Brokers put Costamare in the frame, but company denies reports
US says drones not targetting warship and claims there's no regional conflict Meanwhile, UK defence minister condemns attacks by Iranian-backed Houthis
America's energy boom: Crude exports soar to record high U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more "black gold."
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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