OSG: The year starts well "The year has started well at OSG," said president and CEO Sam Norton, as Tampa, Fla. headquartered tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported results for the first
All 62 passengers safe after engine room fire on Singapore ferry The Maritime and Port of Authority of Singapore (MPA) said Saturday that all 62 passengers rescued from a ferry hit by an engine room fire had arrived safely in Batam. The incident
Reach Subsea sees more offshore wind work ahead Haugesund, Norway, based Reach Subsea ASA has been awarded a five months plus options contract with a major renewable energy company for delivery of offshore wind related services. The subsea vessel Deep
Upsized 14,000 TEU container ship arrives at Port of Halifax The 14,000 TEU container ship ONE Stork is the first upsized EC5 vessel that has arrived at the Port of Halifax in Canada. The boxship with 364 metres in length overall arrived at PSA Halifax Atlantic Hub on 26 April. PSA Halifax Atlantic Hub terminal has a quay length of 800 metres at a depth of 16.5 metres, a terminal area of 320,000m², five super post-Panamax (SPPX) cranes and access to intern
Evergreen's new terminal in Kaohsiung to boost container volumes Taiwan International Ports Corporation (TIPC) chairman Lee Hsien-yi stated on 5 May that the newly built No. 7 terminal in Taiwan's Kaohisung port is the country's first fully automated container terminal, and he hopes it will help increase the port's throughput. Evergreen Marine Corporation started operating the No. 7 terminal on 1 May, after the first phase of construction was completed. The Ta
PSA BPD unveils digital solution to identify and manage supply chain risks The launch of Risk Monitor, a new digital product created to give shippers and consignees proactive risk monitoring and insight to prepare for and manage the challenges and potential disruptions in international trade, was announced by PSA BDP, a provider of supply chain, transportation, and logistics solutions. In particular, Risk Monitor is an add-on function of the Smart Navigator, a digital
Maersk to build new storage facility for electric car batteries in Germany For the storage and handling of electric vehicle batteries and the parts used to make the batteries, Maersk is constructing a 20,000m² logistics centre, close to Hanover in Germany with the assistance of the German project developer bauwo. Following the successful launch of a similar facility in Teplice, Czech Republic, in November 2022, the two new halls in Berkhof, directly on the A7 motorway,
APM Terminals Moín halves vessel idle time APM Terminals-operated Moín Container Terminal (TCM) in Costa Rica has once again achieved high productivity standards in the first months of 2023, according to an announcement by APM Terminals. In 2022 the average idle time for a vessel was 93 minutes, while in the period January - April 2023 this dropped to an average of 67 minutes, with a record 44 minutes. APM Terminals, Maerks-owned port ope
Bolloré Logistics expands in South Korea Bolloré Logistics opens new K-HUB, a warehouse and distribution center in South Korea, that is a modern facility focuses on sustainability and innovation. Positioned near Incheon International Airport, Incheon Seaport and center of Seoul, the warehouse provides access to infrastructure transport. K-HUB is dedicated to meeting the growing needs of customers in the Luxury, Perfumes & Cosmetics sect
DP World secures space at SEGRO Park Coventry SEGRO, a UK Real Estate Investment Trust (REIT), has secured a pre-let with DP World Logistics, at SEGRO Park Coventry, its 810,000m² development site in Warwick District. SEGRO has completed extensive remediation work to turn the former landfill site into a modern, sustainable logistics centre with up to 345,000m² of new industrial and warehouse space. The project will comprise a 950,000m² commu
Port of Oakland, Japanese officials and CalSTA discuss green initiatives Japanese officials and representatives from the California State Transportation Agency (CalSTA) met with the Port of Oakland representatives to discuss green initiatives that will help the port reach zero emissions. More specifically, the meeting was a follow-up to a clean energy trade mission to Japan in March where California policymakers, decision-makers and business executives met to exchange
Diana Shipping fixes out bulker pair Greek bulker owner Diana Shipping has secured employment for two of its ships that should bring in about $16.71m for the minimum scheduled period of their contracts. The Semiramis Paliou-led company has sealed a time charter deal with Smart Gain Shipping for its 2015-built capesize Santa Barbara until October 10, 2024, with options until December ...
US earmarks $4bn for clean port upgrades The US has undertaken a $4bn initiative to electrify its ports and reduce heavy-duty vehicle emissions as the government seeks to address excessive consequences on adjacent communities. The US Environmental Protection Agency (EPA) is seeking public input on its $3bn Clean Ports Program to reduce pollutants at US ports and its $1bn Clean Heavy-Duty Vehicle ...
Greek tanker operator fined $2.25m in US pollution case Greece's Zeus Lines Management has pleaded guilty in Providence, Rhode Island and agreed to pay $2.25m for violations of environmental laws that were carried out by the captain and chief engineer of one of its tankers. The Panama-flagged 2008-built chemical/product tanker discharged 9,544 gallons (36,128 litres) of oily bilge water directly into the ocean and ...
Six kidnapped Monjasa crew freed Six crewmembers who were kidnapped by pirates from the Liberian-flagged product tanker, in the Gulf of Guinea in late March have been rescued in Nigeria, Danish bunker supplier Monjasa confirmed on Monday. The 2003-built 13,700 dwt ship, managed by Montec Ship Management was hijacked on March 25 together with 16 crewmembers some 140 nautical miles ...
Lomar spends over $40m on supramax trio UK-based diversified owner Lomar Shipping has expanded its bulk carrier fleet to nine ships with the purchase of three Chinese-built supramaxes. The maritime subsidiary of New York-based Libra Group has officially taken over the recently acquired 57,000 dwt Ariadne, renamed Oslo Trader, after paying around $13m for the 2010-built ship. Lomar said it also expects ...
Ridgebury Tankers ships out suezmax for $45m US shipowner Ridgebury Tankers has continued pruning its fleet with the sale of a fourteen-year-old suezmax. Multiple industry sources said the Connecticut-based outfit led by Bob Burke has offloaded the 2009-built to an unnamed buyer for a reported price of $45m. The scrubbed-fitted 164,800 dwt vessel built by Hyundai Samho Heavy Industries was picked ...
Worley awarded contract on Shell's deepwater project in Gulf of Mexico Australian offshore engineering company Worley has secured a services contract from Shell for Sparta, a floating deepwater development project in the US Gulf of Mexico. The contract, with an undisclosed value, will see Worley provide engineering, design, procurement support, construction and commissioning support for the FEED, detailed design and follow-on phases of the project. The ...
20+-year-old tankers set to make up 11% of all tanker demand by mid-2025 Tankers still working aged above 20 years of age made up just 1% of the global tanker fleet pre-covid, and were still a rarity at 3% before the invasion of Ukraine in late February last year. They're now on track to make up 11% of all tanker demand by mid-2025, according to data from brokers ...
Urgent call to reinvent the lifeboat The Container Ship Safety Forum (CSSF), whose members control more than half of all boxships globally, has become the latest body to call for an urgent reinvention of lifeboats and their launching mechanisms. The dangerous task of launching lifeboats has been in the spotlight for many years with data suggesting that for a long time ...
Apprehended crews in Iran face 'extended detention' The crew of two ships detained by Iran in the past 10 days must brace for an extended time away from loved ones if recent similar ship seizures by Tehran are anything to go by. The Advantage Sweet suezmax and the Niovi VLCC were both apprehended by Iranian military forces in recent days while transiting ...
Pablo explosion a warning sign of worse to come One of the tanker industry's greatest fears with the rise of the so-called shadow fleet is unfolding in Southeast Asia where an uninsured 1997-built ship exploded last week, killing three crew, and with oil washing up on nearby shores. The unladen Gabon-flagged , owned by a single ship shell company in the Marshall Islands, exploded ...
Equinor and BP JV signs Seatrium for US offshore wind platforms Singapore's Seatrium, formerly known as Sembcorp Marine, has secured a new contract worth over S$500m ($377m) with Empire Offshore Wind, a joint venture between Equinor and BP, to deliver two substations for offshore wind farm projects on the US East Coast. The scope of the project involves the engineering, procurement, construction, offshore hook-up and commissioning ...
Eastern Pacific orders ammonia carriers at Jiangnan Idan Ofer's Eastern Pacific Shipping has signed for four very large ammonia carriers (VLACs) at China's Jiangnan Shipbuilding. The 93,000 cu m ships are the first VLACs ordered in China. The 230 m long LPG dual-fuelled ships can transport ammonia, as well as liquefied petroleum gases including propane and butane. The latest orders add to ...
Going down the mariner matrix Take the red or blue pill? Steven Jones, the founder of the Seafarers Happiness Index, writes for Splash today on the difficult choices shipping faces in its interaction with the world's seafaring workforce. As you may have seen, the latest Seafarers Happiness Index
US imports to remain "well below" 2022 levels most of the year Retail sales are expected to increase this year, but "explosive" demand of past two years is gone, says National Retail...
OSG chief anticipates "stability" as US energy consumption and distribution patterns normalise Mr Norton says supply of new Jones Act tankers and articulated tug barges will be minimal if not absent in...
Jiangnan Shipyard confirms VLGC order with EPS The four VLACs are EPS' first order for very liquefied gas carrier placed with a Chinese shipbuilder
Rotterdam-Singapore green corridor seeks liners' commitment The initiative aims to have the first vessel in the water by 2027 and demonstrate all future fuel choices
Daily Briefing Shipping is a target again just for doing its job | Will decarbonisation and geopolitical uncertainty mean another crunch for...
US trucking adds jobs in April as manufacturing expands US trucking companies added jobs for the second straight month, but the employment wave hasn't reached package delivery firms or warehouses.
Vancouver will use two-phased approach for building, operating new terminal Obtaining all required governmental approvals and choosing a contractor and operator is likely to push the opening of Vancouver's Roberts Bank Terminal 2 into the early 2030s.
Top US Shippers: Continued poor service threatens budding ag export recovery Better vessel reliability helped fuel a return to growth in US agriculture exports in the second half of 2022, but those green shoots could be ripped up at the root if service doesn't continue to improve.
Farewell DSME. Here comes shipbuilder Hanwha Ocean Shipbuilder's new name and management team proposed for approval at May board meeting
Wilson Sons cuts greenhouse gas emissions as gender balance improves Tug and terminal operator's sustainability report shows progress on decarbonisation and diversity
Bollore Logistics to weigh CMA CGM's €5bn 'put option' offer Proposal would be CMA CGM's largest deal ever if it materialises
Diana Shipping strikes second capesize period charter in a week New York-listed shipowner also signs period deal for post-panamax bulker
Imperial Petroleum profit rises amid bulker spin-off and stock split Harry Vafias-led outfit posts new earnings record and says it has stopped issuing new shares
Global Ship Lease pays 'attractive price' for container ship quartet Latest acquisition takes New York-listed company's boxship fleet to 68 vessels
Green Seas: How companies are tackling an ocean-size gap in data about the sea The Green Seas audio edition explores how some are contributing to science climate and ocean science, while others are looking for more to do the same
Jones Act player OSG posts profit rise in 'good start' to 2023 Florida tanker company benefits from higher rates and more government business with Israel and the US
Seafarers kidnapped from Monjasa tanker recovered in Nigeria Crew said to be in 'relatively' good health following the attack
Asian banks got burned by offshore. 'I don't think they will be back' Burned fingers and early exit clauses are blamed for lack of interest
Hankuk Carbon fire: 'Lead time to production restarting' key for LNG newbuildings Shipbroker Affinity LNG rates the potential effects of incident from 'negligible' to "serious" for on-order vessels
Russian separatists ship first grain cargo out of Mariupol Moscow to boost its own grain exports while looking likely to block those out of Ukraine
P&I giant NorthStandard says scale counts when it comes to service and sanctions NorthStandard's Sam Kendall-Marsden believes the merged P&I insurer now has everything it needs under one roof
Soren Toft says MSC is spreading its bets on zero-carbon fuels Line giant begins methanol refits but will rely on a basket of fuels for its 700-strong container fleet
Precious bullish despite profits plummeting on lower rates and higher costs Boss remains upbeat on smaller geared bulkers due to high versatility and low orderbook
Russian LNG heads to Senegal as KARMOL FSRU prepares to fire up Shell shipment loaded in ship-to-ship transfer off exclave of Kaliningrad
K Line eyes 80% fall in net profit as container markets adjust to post-Covid world Shipowner said performance affected by an increase in vessel supply and a decline in cargo demand
Restis-controlled Golden Energy lifts tanker tally at DH Shipbuilding Company exercises an option for a crude carrier that is due for delivery in 2025
Seatrium bags US offshore wind platform contracts Former Sembcorp Marine continues to build renewables order backlog with deal from Equinor-BP joint venture
Asian banks got burned by offshore. 'I don't think they will be back' Burned fingers and early exit clauses are blamed for lack of interest
Emirates taps Kalitta Air to fly rented 747 freighters Emirates SkyCargo is going back to the future by deploying Boeing 747-400 freighters for the first time in more than five years.
US imports up again in April as market mirrors pre-COVID 'normal' America's imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
Wall Street sours on ATSG freighter spend during cargo slowdown Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
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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