Royal Caribbean names Maersk veteran as head of marine Royal Caribbean Group (NYSE: RCL) has named Palle Laursen as executive vice president, head of marine, effective May 1, 2023. Laursen will report to Royal Caribbean Group's president and CEO, Jason Liberty,
MARAD: $662 million available for port infrastructure grants The U.S. Department of Transportation's Maritime Administration (MARAD) has released a Notice of Funding Opportunity (NOFO) making available more than $662 million in Federal FY2023 funding for MARAD's Port Infrastructure Development Program
Navy accepts delivery of LCS 25 PEO ships reports that the Navy has now accepted delivery of the future USS Marinette (LCS 25) from Lockheed Martin at the Fincantieri Marinette Marine shipyard in Marinette, Wis. The ship is
TTB 2023: Panelists to discuss the tech shift as we move to lower emissions On March 7-8 in Mobile, Ala., Tugs, Towboats & Barges (TTB) 2023 will once again bring together owners, operators, naval architects, shipbuilders and more to discuss advances in technology and design, as
Record 112 million tonnes Indian wheat harvest not seen benefitting global supplies "India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However, exports will likely be limited in the coming year as the country is still recovering from last year's poor harvest and is expected to focus on rebuilding its own wheat inventories," says Filipe Gouveia, shipping analyst at BIMCO. During the past year, the Indian government has struggled to combat
Husky Terminal joins ICHCA The International Cargo Handling Coordination Association (ICHCA), a global association representing cargo handling companies, welcomes Husky Terminal and Stevedoring as a new corporate member. Husky provides stevedoring services, container yard and railhead transfer operations as part of the Northwest Seaport Alliance at the port of Tacoma in the United States, while its international ocean tran
2M alliance break-up reshuffles deck for Transpacific market The upcoming break-up of the 2M alliance is going to lead to a change in the competitive makeup of the deep-sea networks, according to Sea-Intelligence. More specifically, although the formal break-up will not happen until January 2025, gradual changes are likely to happen during the two-year transition period. In the hypothetical case that the other two alliances remain intact, and that the orde
Port of Gothenburg CEO moves to Swedish shipping company Elvir Dzanic, CEO of the Gothenburg Port Authority, formally submitted his letter of resignation on 7 February and intends to continue leading the Swedish port together with vice president Malin Collin until 7 August. Regarding Dzanic's career, he took over as CEO of the Gothenburg Port Authority in June 2019 and is going to become CEO of the shipping firm Wallenius Sol, which is also based in Go
MEDPorts Association appoints new leadership The MEDPorts Association has announced that Pino Musolino, president of Port System Authority of Central Northern Tyrrhenian Sea - Port of Civitavecchi, has been named as the new president of the MEDPorts Association. Additionally, through voting, Jordi Torrent, head of strategy of Port of Barcelona, has been elected as the new general secretariat. During his first official speech, Musolino empha
China's container ports in musical chairs after Covid-19 lockdowns Amid Covid-19 flare-ups that saw various Chinese port cities locked down in the last two years, Qingdao port has clawed its way up the country's rankings. Qingdao, in Shandong province, rose to fourth position in 2022, from sixth spot in 2021. The Yellow Sea port overtook Guangzhou, after increasing its throughput by 8.3% to 25.67 million TEUs, three years after becoming the first port in north C
Mawani signs deal for new logistics centre in Dammam The Saudi Ports Authority (Mawani) has signed an investment agreement with consumer technical retailer United Electronics Company (eXtra) to set up a state-of-the-art logistics centre at King Abdulaziz Port in Dammam, Saudi Arabia. The logistics and distribution center is expected to be over 32,000 m² and will feature port-centric warehouses and storage yards designed to handle a wide range of mu
AYK Energy, HSG ink agreement for zero emission container vessel AYK Energy, marine battery manufacturer company, has signed a new deal with Holland Shipyards Group (HSG) to supply the zero-emission container vessel, FPS Waal with new equipment. According to Chris Kruger, founder of AYK Energy, the contract will see AYK supply two high-density DNV-approved Aries 88 lithium batteries to the vessel. He also confirmed the 125-watt hour/kilogram (Wh/kg) batteries
TotalEnergies Marine Fuels, Hapag-Lloyd complete first biofuel bunker term delivery in Singapore TotalEnergies Marine Fuels has successfully completed its first refuelling of a Hapag-Lloyd container vessel in Singapore with sustainable, UCOME (Used Cooking Oil Methyl Ester)-based, marine biofuel. This first bunker operation marks the start of a term supply agreement between the two companies, which commits TotalEnergies to provide VLSFO (Very Low Sulfur Fuel Oil) blended with 24% second-gene
APM Terminals Gothenburg prioritises electric trucks The new priority solution, which will go into effect on 1 March 2023, will allow electric vehicles to bypass other trucks at APM Terminals Gothenburg in Sweden through a designated lane and receive priority processing within the terminal area. The first electric trucks are already in service, and APM Terminals Gothenburg, the Nordic region's largest container port, will reward haulage businesses
Geodis opens new cross-dock facility for Europe's major home furnishings retail chain in Poland Conforama, a French home furnishings retailer, has teamed with Geodis to open a cross-dock facility and coordinate the supply of its items, which are manufactured and assembled at 20 locations in Poland, Romania, and Slovakia before being shipped to its 167 retail shops across France. The new cross-dock 51,000 m² facility meets all of Conforama's requirements and has the potential to be expanded
Maersk achieves record annual earnings and revenues In a year that we saw Maersk falling from the top of the rankings of the world's largest container shipping companies, the Danish container carrier achieved strong results with increases in earnings and revenues. In particular, Maersk totalled over US$81.5 billion in total revenues in 2022, in comparison to US$48.2 billion in 2021. The Copenhagen-based firm also recorded total earnings before int
Adani Ports posts strong financial results Adani Ports and Special Economic Zone (APSEZ), India's largest port operator, has released its third-quarter and nine-month results for the period ending 31 December 2022. APSEZ carried 252.9 million metric tonnes of cargo from April to December 2022, an increase of 8% year on year. The rise in cargo volume was driven by a 23% increase in coal, an 8% increase in liquids (excluding oil), and a 5%
Seafarers seize ship in Senegal over unpaid salaries Four seafarers, with the support of the International Transport Workers' Federation (ITF), have seized a cargo ship off the coast of Dakar, Senegal, after going months without payment and facing dangers of physical integrity, according to a recent ITF announcement. The federation said the four crew of the general cargo ship Onda had been battling to have the engine of their vessel repaired, while
Championing marine assurance in the offshore market Marine assurance is a business-critical discipline that supports safe offshore operations and ensures that operators meet the requirements of stakeholders. MIS Marine's managing director Dominic McKnight Hardy explains how marine assurance can be applied to the offshore market. The pace of change is quickening as shipping is now making greater strides towards creating a safer, ...
Medkon buys its biggest ship Turkey's Medkon Lines has bought its largest ship to date. According to Alphaliner, the Istanbul firm has taken delivery of the 1,162 teu from Sea Consortium, paying around $4m for the 26-year-old ship, which has been renamed Medkon Mira. At the same time, Medkon has let go of one of its smallest ships, the 353 ...
Maersk warns global box volumes could slide 2.5% this year From $30.9bn to somewhere between $2bn to $5bn. That is how Maersk, widely seen as bellwether for the container shipping industry, sees its net profit going from last year to this. The Danish shipping giant revealed its Q4 and full-year 2022 results today, nailing a record annual revenue of $81.5bn and net profit of $30.9bn. ...
Iskenderun Port decimated, likely out of action for months Despite combined aerial and sea efforts, the blaze at Iskenderun Port is ongoing, two days after Turkey suffered a massive earthquake which has flattened much of the port city with the death toll rising exponentially. Turkey's airforce was deployed yesterday to try and douse the blaze at the wrecked container terminal, but the fire continues ...
Seafarers seize ship over owed wages and owner neglect Four seafarers, with assistance from the International Transport Workers' Federation (ITF), have seized a cargo ship off the port of Dakar in Senegal after months without pay and mounting danger to their lives. The four crew of the Onda had been battling to have the engine of their vessel repaired. Port authorities have ignored their ...
Arbitrator dismisses Euronav's plea to intervene in Frontline merger saga An emergency arbitrator in Belgium yesterday dismissed Euronav's request to intervene in John Fredriksen-controlled Frontline's decision last month to terminate a combination agreement that had been agreed upon by both boards last July. "Euronav continues to believe that Frontline's unilateral action in pursuing the termination of the combination agreement has no basis under the terms ...
Germany eyes hydrogen bunkering on Helgoland island The municipality of Helgoland has commissioned HPC Hamburg Port Consulting (HPC) to carry out a concept study for the construction of a hydrogen bunker station on the deepsea island, which lies around 155 km northwest from Hamburg. The study will require HPC to investigate the commercial and infrastructural suitability of the island as a potential ...
Number of crew abandonment cases hits new high Upwards of 1,682 seafarers coming from 103 vessels were cast adrift as 2022 became the worst year on record for reported cases of seafarer abandonment, according to RightShip. Following five years of consistent increases, cases of abandonment have continued to soar, with the covid pandemic and conflict induced abandonment leading drivers of the uptick. The ...
Affinity and Wilhelmsen Ship Management form EU ETS compliance company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a memorandum of understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the EU ETS (European Union Emission Trading System). The service integrates technical shipmanagement and carbon allowance procurement to support shipowners, managers, and operato
Patient persistent Pacific research and diplomacy moves shipping ambition Dr Peter Nuttall from the Micronesian Centre for Sustainable Transport details planned $80bn annual pollution levies on the table at the IMO. The Republic of the Marshall Islands and the Solomon Islands lodged new submissions at the International Maritime Organization (IMO) this week, calling for greatly increased and 1.5 commensurate levels of ambition, commitment to ...
Progress towards creation of marine protected area off Vancouver Island At the Fifth International Marine Protected Areas Congress (IMPAC5) in Vancouver this week, Canada's Minister of Fisheries and Oceans Joyce Murray and representatives of four First Nations announced progress on the proposed Tang.gwan - hacxwiqak - Tsigis Marine Protected Area (MPA), a large ecologically unique ocean area located about 150 kilometres off the west coast of Vancouver ...
Dominion Energy awards contract to SMC for Coastal Virginia Offshore Wind project Dominion Energy has selected UK's Specialist Marine Consultants (SMC) to deliver a package of services, including consultancy, training and lead marine coordination, for the Coastal Virginia Offshore Wind (CVOW) project, located 27 miles from Virginia Beach off the US Atlantic coast. Installation of the project is scheduled to be complete in late 2026, with SMC ...
Stena drillship contract extended by BP Stena Drilling has been awarded a contract extension by BP for 2012-built drillship . This extension will see the vessel mobilised to the US Gulf of Mexico, in direct continuation of the initial one-well programme offshore Newfoundland, for a period of two years. "Stena Drilling are delighted to be able to announce this contract extension ...
PXGEO seals new contract with Shell Peter Zickerman's marine geophysical service provider PXGEO has secured a new contract with Shell to provide 12 months of high-end marine towed streamer seismic acquisition services over a period of two years. Duncan Eley, CEO of PXGEO, commented: "We are very excited to enter into this partnership with Shell, it is an important endorsement of ...
US announces $660m in funding for port development Maritime Administration says funds from the Port Infrastructure Development Programme will be used to modernise ports and help strengthen supply...
BP Azerbaijan declares force majeure at Turkish port after earthquake It is not clear when loadings at Ceyhan will restart, with BP Azerbaijan saying assessments were ongoing
US January imports drop 0.3% below 2019 levels Imports are expected to continue their slump, with double-digit year-on-year declines throughout the first half of the year. Retailers are...
IUMI confirms price cap attestation will allow Russia crude and products cover 'We need sanctions we are able to comply with... it would overburden us as an industry if we had to...
Russian fertiliser exports to India boosted by bilateral ties The strong fertiliser inflows, which have been acquired at discounts, have benefited panamax and supramax bulk carriers the most, preventing...
Maersk's 'integrator' strategy unachievable under 2M, says Vincent Clerc Clerc says time is right to move away from traditional ocean service model to focus on its end-to-end proposition for...
Costamare posts record results as bulker operating platform makes debut Containership division produced $196m of net income in the fourth quarter, including $105m in gains from selling older vessels
US flags fire risk of saltwater-damaged lithium batteries Investigations of electric vehicle fires in the aftermath of Hurricane Ian revealed that they resulted from exposure of the cars'...
Wallenius Wilhelmsen revenue hits $5bn due to strong demand and terminal congestion Largest operator of pure car and truck carriers posts 30% year-on-year increase in revenue while decision on vessel newbuilding programme...
CII may be flawed, but it is not useless Among the proponents of EEOI are European Union member states who are pushing the IMO to revise the regulation and...
First Russian clean cargoes to Brazil signal shift in global diesel trades Shipments demonstrate how logistics networks are reshaping as trade flows shift, alongside inefficiencies, delays and multiple transfers to consolidate cargoes
Skuld signs up to Poseidon Principles for marine insurance 'We look forward to working with our members, clients, and industry partners to achieve a green future for shipping,' says...
High China container throughput volume said to be inflated Situation in January is unlikely to be impressive, due to a lack of demand for exports as well as factory...
MSC extends buying spree with deal for Eastern Pacific boxship World's largest containership operator is playing the long game by adding secondhand boxships during a market downturn
Daily Briefing Cost of reviving yards may be hard to pay off as shipping turns green | Battle for control of Euronav...
Maersk fourth-quarter earnings weaken as demand forecast to decline Company posted fourth-quarter ebitda of $6.5bn although it is considerably lower than what was achieved in the year-ago period and previous...
Wärtsilä completes first shaft generator retrofit on bulk carrier Successful completion will improve the vessel's carbon footprint
Oman LNG agrees supply deal with China's Unipec Deal with Unipec is the company's first LNG agreement with a Chinese firm
3PL Echo moves to expand LTL business with new executive hires Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities.
No 'musical chairs' by carriers after end of 2M Alliance: Maersk CEO Maersk does not believe any of the major carriers outside the 2M Alliance have the competitive network, scale, or cost base to forge individual paths outside their current partnerships.
DHT Holdings flips to profit as fleet continues earning premium rates VLCC specialist continues pushing forward with scrubber programme as it posts $61.8m profit
Odfjell's bottom line rises as company looks to higher contract of affreightment rates Norwegian chemical tanker owner says fourth quarter capped off a year of rising rates
OceanPal makes public share offering in bid to raise $15m Shipowner's shares plummet at the beginning of New York trading day on Wednesday
Carnival Corp sells Costa brand cruise ship to Greece's Seajets Marios Iliopoulos company buys its biggest and youngest cruise ship yet from Carnival Corp, which has confirmed sale
Why the maritime world needs to start talking about the menopause Shipping's diversity, equality and inclusion agenda needs to open up to a previously taboo issue
Norway fines Havila Kystruten over newbuilding delayed by sanctions Ministry of transport takes action after owner unable to put Russian-financed Havila Polaris into service
CMA CGM strikes deal to take over ropax group La Meridionale French container ship giant set to help out another domestic shipowner
AP Moller-Maersk's go-it-alone strategy seen as key to success as rates dip Maersk chief executive Vincent Clerc explains why now was the time to disband the 2M alliance
CMA CGM strikes deal to take over ro-pax group La Meridionale French container ship giant set to help another domestic owner improve its results
TotalEnergies sees 'tensions' in LNG market mid-year as supply gap emerges Energy major plans to book half capacity at its upcoming Le Harve FSRU-based terminal but is in 'no hurry' on Mozambique LNG
Will e-fuels clean up shipping's act? 'Only with targeted government support' Green Seas newsletter explores an OECD report urging state action to make fuels produced by renewable electricity more cost competitive for shipping
Iskenderun box fire contained but port remains inoperable Seaborne dry cargo diverted to other terminals in the Gulf of Alexandretta.
Costamare posts record net income on ample container ship charter coverage With nearly $1bn in liquidity, shipowner says it is scouring the market for investment opportunities
Costamare Bulkers hits the ground running with 23 fixtures John Fredriksen and Tor Olav Troim newcastlemaxes feature prominently in Costamare's new bulker operating venture
Doun Kisen ups ante for bulker newbuildings at Nantong Xiangyu The Japanese tonnage supplier has ordered two handysize vessels
US details petroleum product price cap rules Treasury sets out guidance on how the scheme will work
Baltic to South Asia tonne-miles up almost 700% in 2022, says Poten China continues to dominate, but Russia's invasion of Ukraine has boosted several other routes
Hafnia offloads LR1 tanker pair as asset prices keep rising BW-controlled shipowner carries out more fleet renewal work with disposal of 16-year-old ships
Turkey's Ceyhan oil terminal resumes operations after earthquake Italian aframax tanker Vallesina has started loading crude at key Turkish terminal
Skuld joins the Poseidon Principles for Marine Insurance Norwegian mutual joins through its commercial hull insurance business
Color Group testing Oslo bond waters ahead of $89m maturity Cruise ferry owner holding investor meetings as it seeks to buy back issue maturing in November
Chinese shipowners beat Greeks to top 2022 S&P chart with $15bn spend Greeks also came second in terms of secondhand sales
How to get it right on ESG: guide sets out practical actions for shipping Consultancy and Maersk Mc-Kinney Moller Center work with Navigator Gas to write industry playbook
Stena buying back $350m of bonds as it cuts finance costs Luxembourg-based subsidiary of cash-rich shipowner clearing away some of its 2024 debt maturity
Shrinking profits: Maersk faces 'new uncertainties' as container shipping market contracts Liner giant logged 'best year in history' with $29.7bn profit, but fourth-quarter decline sign of troubles ahead
War risk market finding solutions to reinsurers' Russian retreat, says IUMI chief Frederic Denefle said underwriters are having to rethink the way they allocate risk
Wallenius Wilhelmsen posts huge record profit but risks remain for 2023 Car carrier giant fears lower revenue and volumes due to recessions worldwide
Denmark's Navigare Capital moves into VLGCs with Petredec deal Investment company acquires vessel with a charter back contract
Nigerian owner denies report of seafarer deaths on tanker in Lagos Details of incident on the Halima remain under investigation
Dozens of cargo ships left stranded by impact of sanctions regimes Shipping specialists say charterers and shipowners have moved to break fixtures linked to sanctions imposed on Russia
Adani port firm mulls repaying $600m in debt to calm investor nerves Troubled Indian conglomerate said it will also halve capital expenditure for next year
Crew abandonment cost seafarers $40m in lost wages, says RightShip Vetting agency says social costs outweigh the $40 million lost in unpaid crew wages over the past 20 years
Wave of bulkers head for the breakers beaches of India and Bangladesh A pair of capesize bulkers and two panamaxes were among a growing number of ships sold for recycling
Clarksons brokered $1bn worth of deals in record year for offshore wind orders Record amount of tonnage ordered last year despite Covid-19 and the impact of geopolitics
Carbon intensity regulations called a 'beta test' that pushes industry to collaborate Praise for the new emissions rating system put in place by the IMO has been difficult to come by
Carbon scores are saving markets but decarbonisation costs still high, shipowners say New fuels are needed if shipping is going to get to net zero, identified as a massive and costly challenge
January imports up from December, but February is looking weak After a bounce in January, containerized imports could drop this month to the lowest level since May 2020.
Maersk: Container shipping contract rates will sink to spot levels Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates "will disappear."
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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