Trinidad and Tobago takes delivery of advanced low-emission tug Even though it is not yet a requirement in the Caribbean, Trinidad and Tobago's National Energy Corporation (NEC) has chosen to have a class certified Damen marine NOx reduction system installed on
T-ATS 10 starts construction at Bollinger Mississippi Joined by senior U.S. Navy officials at Bollinger Mississippi Shipbuilding in Pasagoula, Miss., Bollinger Shipyards LLC last week officially commenced construction of the future USNS Muscogee Creek Nation (T-ATS 10). The vessel
First-ever surgery on board hospital ship Global Mercy The world's largest civilian hospital ship, Mercy Ships' Global Mercy, currently docked in Dakar, Senegal, has marked a milestone. A four-year-old boy, Amadou, has become the first patient to receive a surgery
Tidewater to buy Solstad's 37 PSVs for $577 million In a move that will cement its position as the world's largest operator of offshore service vessels, Houston-headquartered Tidewater Inc. (NYSE: TDW) will pay $577 million to purchase Oslo-listed Solstad Offshore ASA's
Consolidated Chassis Management opens new office in Savannah Consolidated Chassis Management (CCM), a cooperative chassis pool manager, launched a new, expanded office in Savannah, US in order to accommodate the growing South Atlantic Chassis Pool (SACP) 3.0 team. SACP 3.0 will start in October 2023 and it will offer a new chassis provisioning solution that utilises a single provider pool model. "As we get closer to launch, we are building our teams, expan
neXat to offer better at-sea connectivity with new maritime division neXat has announced the creation of a maritime division, launching a new maritime unit aiming to offer satcom installations on a variety of boats and on-board IT services including radar, Video Graphics Array (VGA), and Digital Visual Interface (DVI) cabling. Specifically, the new business unit will be led by the former owner of Belgosat, Mario Alen, and will be part of neXat's operations departm
Nexyst 360 digitalises 5,000 grain transport containers with Nexxiot technology Nexyst 360, a cutting-edge grain transportation solution provider, has teamed up with Nexxiot to digitalise its complete fleet of grain shipping containers using zero-maintenance Internet of Things (IoT) connectivity hardware. This allows real-time transportation intelligence throughout the trip, with user services made accessible via Nexyst 360's software solution - Traceable AG, LLC. In the las
Maersk reintroduces direct bookings to Ukraine Maersk announced that it is now able to offer direct bookings to Ukraine from anywhere in the world, alleviating a common customer issue over the last year since Russia's invasion of Ukraine. Therefore, the Danish carrier started a new weekly barge service from the Port of Constanta in Romania to the Port of Reni in Ukraine. This service is now fully operational across two routes - via the Consta
Container xChange sees warehouses overflowing and possible rebound in box rates in March Hamburg-based Container xChange, an online platform for container logistics, has released its container market forecast for March. While most industry participants anticipate a rebound in container prices in the coming months, Container xChange reported that the Container Price Sentiment Index (xCPSI) is expected to be positive by the beginning of March 2023. Since February, approximately 2,700+
GEODIS completes trans-o-flex takeover GEODIS announced the completion of the acquisition of trans-o-flex , a German company specialising in temperature-controlled pharmaceutical goods transportation and express premium delivery, following regulatory approval. GEODIS believes this acquisition will enhance the company's delivery capabilities in Europe, as it is adding a wide range of services for time-critical deliveries to its portfol
CFL multimodal and KLOG launch new intra-Europe intermodal connection CFL multimodal and KLOG Logistics Solutions have confirmed the establishment of a new connection between Sète in France and Poznan in Poland. This route connects more than 2.000 kilometres and is one of the top five largest intermodal rail links in Europe. According to the announcement, with one round trip per week, this connection ensures the delivery of IKEA home furnishings on the Spanish mark
Sinokor unit to develop logistics base in Gwangyang Sinokor Merchant Marine's logistics subsidiary Kookyang Logitech is investing US$38 million to develop a logistics facility in South Korea's second-busiest container port, Gwangyang. Founded in 1998, Kookyang Logitech operates logistics facilities at five South Korean ports and two inland bases. In February, Yeosu Gwangyang Port Authority selected Kookyang Logitech as the preferred bidder to oper
Zeaborn selects ShipIn Systems' fleet management platform Zeaborn Ship Management, a third-party ship manager based in Hamburg, Germany and Singapore, will implement ShipIn Systems' visual fleet management platform, FleetVision , across a large part of its diverse vessel portfolio. According to Zeaborn, the decision to implement ShipIn Systems' digital platform onboard its vessels aims to add value to existing safety and operational compliance. FleetVis
Maersk integrates West & Central Asia and Africa markets A.P. Moller - Maersk has integrated West & Central Asia and Africa markets to form a new combined IMEA region. The Danish shipping company said this new region will encompass the core geographies of the Indian subcontinent, the Middle East, and Africa, including several other markets, such as India, Pakistan, United Arab Emirates (UAE), Saudi Arabia, South Africa, Kenya, Ivory Coast, Cameroon, Ni
Emtelle, KEZAD sign deal to develop new US$50 million manufacturing facility Emtelle, a global manufacturer of passive fibre-optic network solutions, and Khalifa Economic Zones Abu Dhabi - KEZAD Group confirmed the signing of an agreement to construct one of the world's largest facilities for the manufacturing of fibre optic ducting and pre-connectorised solutions. KEZAD inked a second Build-to-Suit deal with the Emtelle, which will invest nearly US$50 million in three ma
MSC revises service connecting Asia, Mauritius and South Africa MSC has revised the port rotation of the Ingwe service, operating between Asia, Mauritius, and South Africa. Starting from the 13th week of the year, MSC aims to improve the transit times from Asia to Mauritius and South Africa, connecting Singapore and Port Louis in less than 10 days, and Singapore with Durban in less than 17 days. MSC also noted that the service will call at the port of Colombo
ContainerPort Group expands in Philadelphia ContainerPort Group (CPG®), a trucking carrier specialising in drayage solutions, announced its expansion in Philadelphia, US with additional freight capacity and increased driver support. "As the cargo continues to flow through the east coast, our customers are turning to us for additional trucking capacity throughout the Northeast, and particularly in Philadelphia. We already have a presence ac
Ocean carriers will use multiple tools to cut slot supply as huge new orderbook threatens overcapacity, says former chairman of Evergreen and Yang Ming Container lines will counter excess capacity and slow demand growth by deploying multi-faceted strategies to reduce slot supply, according to the former chairman of two of the world's leading carriers. Bronson Hsieh, former chairman of both Evergreen and Yang Ming, told the latest episode of The Freight Buyers' Club podcast, that carriers "know how to arrange" supply-side reductions and would do
5 Features and Benefits of Electronic Crane Scales Electronic crane scales are useful weight measurement devices that measure the weight of different loads and prevent overload. This weight measurement device has vital applications in different industries, including foundries, the manufacturing industry, aerospace, the entertainment industry, the Off-shore oil and gas industry, etc. Electronic crane scales are also useful for inventory management
Maersk removes Ningbo port call from Asia - Latin America service Maersk has announced the removal of the port of Ningbo in China from its ACE service rotation (Sunday window). The Danish ocean carrier said it made this decision to improve schedule reliability in the Asia - Latin America market. "Coverage from Ningbo to Latin America will continue on a weekly basis via our AC3 service (Tuesday window) for cargo connections," noted Maersk, adding that coverage
Port of Rotterdam participates in Dutch green hydrogen consortium The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has proposed a plan to MPs Bontenbal (CDA), Boucke (D66), and Erkens (VVD) to start the electrolyser manufacturing industry in the Netherlands and thus accelerate the hydrogen economy. The consortium De Nederlandse Waterstof Delta is consisted of Battolyser Systems, Port of Rotterdam Authority, Platform Zero, Didak, Agfa Gev
NYK to sell air freight division Japanese shipping line Nippon Yusen Kaisha (NYK) has agreed to sell its air cargo transportation business to compatriot airline All Nippon Airways (ANA). One of the largest shipowners in Japan has sealed a memorandum of understanding that will see ANA acquire all shares in freighter operator Nippon Cargo Airlines (NCA), with the transaction expected to ...
Maersk Supply Service wins Petrobras contract for AHTS trio Maersk Supply Service has landed a three-year contract with Petrobras for a trio of anchor handling tug supply ships (AHTS). The L-class vessels Maersk Leader, Maersk Launcher and Maersk Lancer have been delivered in Brazil and will be employed for anchoring handling activities and rig movements. Maersk Supply Service now has twelve ships working in ...
EDF Renewables teams with Jan De Nul and Luminus for Belgian offshore wind tender EDF Renewables has joined forces with Belgian marine contractor Jan De Nul and electricity utility Luminus to bid for a commercial-scale offshore wind tender for the first phase of the Princess Elisabeth Zone in Belgium. The Princess Elisabeth Zone is an area identified by the federal government to increase Belgium's local renewable electricity production by ...
Aquadrill's drillship scores East Africa contract UK-headquartered rig owner Aquadrill and a subsidiary of rig manager Vantage have secured a deal with an undisclosed operator in East Africa for the provision of the drillship . The 2008-built managed pressure drilling (MPD)-equipped unit has been booked for a one-well campaign, starting in mid-April this year. The total contract value is expected to ...
Boa secures work on world's first energy island off Belgium Norway's Boa has been awarded a contract by TM Edison, a joint venture between Jan De Nul and DEME, to support the construction of the world's first artificial energy island. Under the contract, BOA will provide the semi-submersible Boabarge 33 for the launching of 23 concrete caissons for Princess Elisabeth Island in the Belgian part ...
Tidewater swoops on Solstad's PSV fleet in $577m deal Houston-headquartered OSV owner Tidewater has struck a deal with Norway's Solstad Offshore to purchase its entire fleet of platform supply vessels for $577m. The deal will see the New York-listed firm, with a fleet of 228 vessels, add 37 PSVs and become the largest owner and operator in this segment. The combined fleet will include ...
Philippine tanker spill widens The Philippines is bracing for one of its worst oil spills in recent years as beaches and protected areas become covered in black sludge following the sinking last week of the product tanker Princess Empress. The ship, carrying 800,000 litres of fuel oil, lost engine power in rough seas and sank off the island of ...
IMO to debate threats posed by increasing ship-to-ship transfers Member states of the International Maritime Organization (IMO) will debate a proposal to clamp down on ship-to-ship transfers at the next meeting of the United Nations body's legal committee this spring. In the wake of sanctions against Russia, the volume of ship-to-ship transfers has soared with Russia taking cargoes from its coast on smaller tankers ...
Ratification of High Seas Treaty expected to take many years Shipping is still digesting the weekend's big news from New York where close to 200 member states of the United Nations signed up for the Biodiversity Beyond National Jurisdiction (BBNJ) agreement, also known as the High Seas Treaty. The treaty paves the way for the establishment of more high seas marine protected areas. Only 1.2% ...
Singapore announces clean harbour craft rules Singapore's senior minister of state for transport Chee Hong Tat has announced that from 2030, new harbor craft operating in the city-state's port waters must be fully electric, be capable of using B100 biofuels, or be compatible with net zero fuels such as hydrogen. A first charging station will be deployed by Shell at the ...
Connecticut's Port of New London completes berth upgrade to facilitate South Fork Wind project A new delivery berth, the Northeast Bulkhead, has been completed at Connecticut's Port of New London, putting the port on track for the assembly and delivery of offshore wind turbines for the Ørsted and Eversource joint venture's South Fork Wind project this spring. The delivery berth is a heavy-lift platform capable of handling loads of ...
Petrobras and Equinor sign agreement to evaluate 7 offshore wind projects in Brazil Petrobras and Equinor have signed a letter of intent, expanding on the cooperation between the companies, that will see them jointly assess the technical, economic and environmental feasibility of seven offshore wind power generation projects off the Brazilian coast. These projects would have the potential to generate up to 14.5 GW. "This agreement will pave ...
Tidewater to acquire 37 platform supply vessels from Solstad for $577m Addition of 37 vessels makes Tidewater the largest owner and operator of high-specification PSVs
Shipping faces limited short-term impact from UN oceans treaty UN agrees a treaty for the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction that...
Iran's oil exports remain elevated Although dropping below 1m barrels per day for the second consecutive month, China's demand for sanctioned Iranian oil remains high...
Australia's record wheat exports boosts bulker employment Anticipated increase in exports during 2022-23 will help support the mid-sized bulk carriers
Scrapping and regulation may have little impact on boxship overcapacity A flood of newbuildings will hit the market this year and next. But with demand falling, carriers will face challenges...
US shipping reform 'changed what FMC is all about' About 240 charge complaints have been filed with the Federal Maritime Commission since the Ocean Shipping Reform Act was enacted in...
MSC adds further secondhand tonnage to its boxship fleet World's largest operator of containerships has purchased another 'S-class' boxship from Maersk and two post-panamax units from TS Lines
Greek maritime law gets biggest shake-up since 1950s Existing regulations seen as incomplete, inadequate or outdated get the boot in move designed to enhance certainty and transparency over...
Seanergy regains compliance with Nasdaq's minimum bid price requirement Capesize owner's share price has continued climbing since the past month's reverse stock split
DSME losses continue despite soaring new orders DSME said that among its order backlog of 113 ships, there are 62 high-value liquefied natural gas carriers, which could...
Recycling sales dominated by dry cargo and gas sectors Two capesize bulk carriers and an LNG tanker are destined for Indian sub-continent shipbreaking yards while a laid-up ro-pax ferry...
Former Metis chief to run new ZeroNorth high-frequency vessel data unit Competition increasing to provide digital and other 'green' solutions to Greek shipowners
Location of sunken oil tanker identified off Philippines Princess Empress departed from Bataan en route to Iloilo with 20 crew members in the past week
Container shipping facing 'severe challenge,' says SITC Company expects a challenging year after reporting record net profit for 2022 amid the latest market boom
Shippers should brace for impact of net zero costs Shippers, cargo owners and consumers are prepared to pay more for greener shipping. A market-based measure in the form of...
ICTSI sees 'weaker economic backdrop' continuing Higher net profit is due to a growth in volume and market recovery after the pandemic
Daily Briefing China's conservative growth target limits help to dry bulker shipping | Leaner and fitter West confident about foray into hull...
Philippines approves bill to protect its seafarers Act provides seafarers with right to safe and secure workplace that complies with safety standards, decent working and living conditions...
MOL to develop clean hydrogen and ammonia value chain The project partners will also work on decarbonisation projects in Thailand to achieve the nation's decarbonisation targets
ILWU Canada talks begin with focus on wages, automation: sources It is unlikely an agreement between ILWU Canada and West Coast employers will be reached before the current contract expires on March 31, sources say, as negotiations in past cycles often lasted 12 to 18 months.
Visibility providers target challenges of container terminal milestone data Shippers struggling to manage demurrage fees and container availability information have two new options to track the status of containers at ports.
Trucker group opposes Biden's labor secretary pick over AB5 support The Owner-Operator Independent Drivers Association says Julie Su's support of AB5 while California's labor secretary showed a lack of understanding of the owner-operator trucking model.
TPM23: Shipper demand for emissions data reveals industry gap Despite the lack of industry-wide emissions measurement, shippers are pressing ahead with their own sustainability programs and working with supply chain emissions data that is available, TPM23 attendees were told.
Investors back Overhaul's hybrid risk management-visibility strategy Supply chain risk-focused technology provider Overhaul has channeled demand for reducing exposure to cargo theft into a $38 million funding round just a few weeks after acquiring competitor SensiGuard.
Capesize bulker spot rates double in a week as futures trend upward Dry bulk exports from China 'have remained steady', according to Braemar
'World split in two': Major Cyprus shipowners deplore Ukraine war Long-term risks to shipping outweigh any short-term gains from the conflict, high-profile Cyprus shipping players warn
Hoegh LNG FSRU moved off mooring in Germany after noise issues bug locals Vessel has not yet discharged first cargo to grid as ship shore connections have yet to be completed
'Raking in money': Nordic American boss Herbjorn Hansson sets debt-free goal Dividends set to double after outstanding debts are paid off, says owner
Carriers hit the brakes as boxships sail at slowest rates ever The 'go slow' movement that shipowners expect to tighten supply is underway
Renewal pressure: world fleet has aged 2.5 years in a decade as newbuilding slows, Clarksons says Lower levels of scrapping also mean 14% of ships are older than 20 years
Ofer-backed XT Shipping and Laskaridis linked to Oldendorff Carriers ultramax quartet Modern bulk carriers go to Israeli and Greek shipowners, brokers say
Product tanker rates could be pressured by big oil inventory in northern Europe Analysts suggest gasoil and diesel stocks represent a year of normal Russian imports
'Nuclear energy? Why not?' Dark horse of energy mix finds backers Shipowners, especially smaller ones, won't find the cheap electricity they need without nuclear power, John Kokarakis argues
Multipurpose vessel charter rates still dropping faster-than-expected Some pockets of the market are bottoming out, while others have further to fall.
Flag states face calls to tackle dark ship-to-ship transfers Joint submission to IMO by US, Australia and Canada warns of risking dark transfer activity and pollution risks
IOPC Funds looks into Philippines tanker oil spill as claims bill is set to soar IMO's oil pollution body looking into whether its compensation fund will apply
Shipbrokers note lack of modern sales candidates, but S&P wagon rolls on Ofer-linked Ace Tankers among owners achieving firm prices for older tankers
Ship manager Synergy designs tailor-made PPE for female seafarers Group has created equipment with the input of the women wearing it
Hafnia boss Mikael Skov flips $8m of shares for big profit CEO and finance boss Perry van Echtelt offload stock acquired as options last week
'The goal is to become the single source of truth for data,' says Kpler's Francois Cazor From kitchen table to 500-person data analytics company in 10 years - CEO Francois Cazor is taking a different approach
NYK Line agrees to sell its air freight business to airline ANA Japanese liner giant cites high expansion costs for decision to offload the business
MSC working with Suez Canal Authority to identify cause of grounding MSC Istanbul was stuck for hours
Khanna brings in former DryShips colleague Fotiou as Heidmar finance chief Experienced executive has also worked at private owners Kassian Maritime and NGM Energy
StealthGas JV makes lucrative asset play with 13-year-old gas carrier Harry Vafias flips a third midsize gas carrier he co-owns with joint venture partners
Ofer-backed XT Shipping and Laskaridis linked to Oldendorff ultramax quartet Modern bulkers go to Israeli and Greek owners, brokers says
Two FSRUs readied for deployment to new Mediterranean sites Existing regas unit leaves Singapore for Italy while conversion for Cyprus starts commissioning
Solstad exits PSV sector with $577m sale of 37 ships to Tidewater Norwegian owner says move positions it further towards renewables
Scrubber premium flips to Rotterdam from Singapore, BRS says Bigger spread between high and low-sulphur bunkers is now available in Europe
Hoegh Autoliners' net rates hit record as contract cargo re-priced Chief executive Andreas Enger says the spot market also remains healthy
Oil Brokerage bags key tanker analyst to lead six-strong research team Chief executive James McNicol says more hires are likely in rapid expansion of shipping brokerage arm
P&O Ferries offloads veteran ropax onto Turkish ship recyclers The deal is one of the first from Aliaga since Turkey's devastating January earthquake
METIS co-founder Mike Konstantinidis re-emerges at ZeroNorth in Greece Experienced tech executive has been recruited to run vessel optimisation by Danish platform
DSME expects Hanwha takeover to be completed by mid-2023 Shipbuilder also reports full-year loss on higher costs and despite jump in orders
The Fed's supply chain pressure gauge just went negative Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there's still room for improvement.
Amazon Air's new reliance on hub airports increases efficiency Amazon Air is growing and refining its air cargo network, but at a more gradual pace because of the slowdown in online shopping.
Overhaul secures $73M to expand visibility of high-risk freight "Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers," said Ryan Ziegler, general partner at lead investor Edison Partners.
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