Seaside LNG to start Galveston bunkering operation Seaside LNG has reached a term bunkering agreement with Carnival Corporation & plc that will see it fuel the first LNG powered cruise ship to homeport in Galveston, Texas, the Carnival Jubilee.
Vale goes for world's largest wind propulsion installation yet In the latest example of how leading charterers are pushing shipping decarbonization forward, Brazilian mining giant Vale S.A. is to install five rotor sails from London-headquartered Anemoi Marine Technologies Ltd onboard the
Celebrity Cruises takes delivery of Celebrity Ascent Celebrity Ascent officially joined Royal Caribbean Group's Celebrity Cruises' fleet today as company officials took delivery of the brand's newest ship at the Chantiers de l'Atlantique shipyard in St. Nazaire, France. The
FERRIES 2023: Battery options for ferries panel discussion Back in August, it was announced that longtime Incat Tasmania customer Buquebús followed through on its plan to switch a 130-meter ferry under construction at the shipyard from LNG to all-electric propulsion.
HMM organises tree plantation drive in India South Korean shipping company HMM organised a tree plantation drive in collaboration with Green Yatra, a leading environmental NGO, as a part of Corporate Social Responsibility (CSR) activity. HMM's CSR action took place on 14 October at the State Reserve Police Force (SRPF) Campus in Goregaon, Mumbai, India. In this plantation drive, HMM planted 1,000 plants, more than 40 types of species and us
Konecranes supports Jingjin Equipment expansion with 35 new cranes Konecranes secured an order in August for 35 CXT overhead cranes from Jingjin Equipment Inc., a Chinese filter press manufacturer. These cranes consist of 5-ton and 10-ton CXT single girder cranes, 30-ton CXT double girder cranes, and a 5-ton CXT semi gantry crane. They will be deployed at Jingjin Equipment's recently established manufacturing plant in Dezhou, China, where they will support the p
Shippeo and BuyCo collaborate to provide container visibility and control Shippeo, a digital supply chain visibility company, and BuyCo, a container shipping software platform, have established a strategic partnership to provide shippers with total visibility and control throughout the whole container shipping process, from early planning and booking to real-time tracking. Shippeo and BuyCo aim to use this collaboration to help large-volume shippers optimise processes,
The Ultimate Guide to Succeed in the Maritime Industry Through Writing an Outstanding Cover Letter The cover letter is an excellent way to boost your chances of success in any industry, and it would be unwise to ignore this simple but insanely effective trick. The maritime industry is no exception, but you must polish the essential skill of writing an outstanding cover letter first. We will discuss the primary concept of a cover letter, general guidelines for writing it, and additional tips an
Sohar Port and Freezone launches SOHAR Net Zero Alliance SOHAR Port and Freezone in collaboration with industrial tenants including OQ, Vale Oman Pelletising Company, Sohar Aluminium Company, Jindal Shadeed Iron & Steel, Al Tamman Indsil Ferrochrome (FZC) LLC, Shinas Generating Company, Sohar International Urea & Chemical Industries, Al Batinah Power and Air Liquide Sohar Industrial Gases officially announced the formation of SOHAR Net Zero Alliance (S
ICTSI increases revenues and profits in 2023 9M International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the nine months of 2023 posting revenue from port operations of US$1.76 billion, an increase of 7% compared with the same period in 2022. ICTSI reported Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of US$1.11 billion, 7% higher than the US$1.04 billion generated
Ex-Busan export container rates increase KOBC Container Composite Index (KCCI) reached 1,284 points on 6 October, growing 7.09% from the previous week and continuing to increase for three weeks in a row. Freight rates for container exports from Busan rose on almost all trade lanes except those to Japan and China. KOBC also unveils indices for per-FEU spot rates on the 13 major trade routes from Busan, including those to North America an
Greeks and Chinese dominate global fleet market "The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet's deadweight tonne capacity," says Niels Rasmussen, chief shipping analyst at BIMCO. Although consolidation has been significant within the container shipping segment, the overa
Piraeus Container Terminal completes Portchain Connect trial Greece's Piraeus Container Terminal (PCT) has concluded a trial phase with Portchain Connect, effectively showing PCT's potential in digitising the berth management process. With digital handshakes and safe data sharing, Piraeus Container Terminal will improve the quality and speed of its berth alignment with clients. PCT may now receive real-time schedule and move count updates directly from car
Substantial number of elderly boxships remain in fleet French consultancy Alphaliner said today that 20% of the global boxship fleet is aged 20 years and older. It is estimated that 1,200 vessels of the active fleet of 5,890 ships are aged at least 20 years, and this comprises about 2.9 million TEUs. Many of these older ships are relatively small, with only 314 vessels having capacities of 3,000 TEUs and above, while 886 vessels have capacities below
Scania, sennder launch new JV to drive e-truck adoption and decarbonise road logistics Scania CV AB, a worldwide company in transport solutions, and sennder Technologies GmbH, a European digital road freight forwarder, have established a new joint venture, called JUNA. In particular, the new partnership aims to promote electric solutions in road logistics throughout Europe and has already seen a successful launch in Germany. Its primary objective is to accelerate the widespread ado
Maersk announces rotation changes due to industrial actions at DP World terminals in Australia Maersk has announced that due to DP World's industrial action and berth availability delays in Melbourne, it will proceed with PANZ service port rotation change. The Danish carrier said the schedule for the 4,616 TEU vessel Cap Jackson will be updated and the boxhsip will now call Sydney, Adelaide, Melbourne then Tauranga, to mitigate the delay to the onward schedule. The following is the propose
New freight terminal opens at Dublin Port Dublin Port Company (DPC) has announced the opening of T4, a newly redeveloped RoRo freight terminal, costing €127 million (around US$135 million). The terminal, which was self-financed by DPC and delivered on time and on budget, was officially launched by Ireland's Minister of State, Jack Chambers, TD. T4 is the first of three major capital development projects under DPC's Masterplan to boost Du
Freeport of Riga adds new berth at Baltic Container Terminal Construction works are underway in Kundzinsala at the Baltic Container Terminal (BCT), the largest box terminal of the Port of Riga, with the underwater works for the construction of a new berth section having been completed. At the end of the project, the process of loading and unloading cargo at the terminal will be accelerated, increasing the terminal's operational efficiency and commercial co
Hapag-Lloyd applies new congestion surcharge in South Africa Hapag-Lloyd announced that a new congestion surcharge will be applied to all dry containers transported to South Africa from 8 December. The new surcharge will be US$200, US$400, and US$400, per 20' dry container, 40' dry box and 40' high cube container, respectively. The post appeared first on Container News .
SFL clinches Maersk charter extension and vessel upgrades deal with Hapag-Lloyd John Fredriksen's SFL Corporation has bagged a contract extension for one of its boxships and sealed a $65m deal to upgrade further six ships ahead of their upcoming charters. Danish liner Maersk has declared an option to keep the 2015-built 9,500 teu scrubber-fitted Maersk Sarat until mid-2025. SFL said the deal should add about $13m ...
ESL Shipping owner brings in new investor ESL Shipping, part of Finnish conglomerate Aspo, has attracted a new investor to support its ambition of offering fossil-free dry bulk shipping. The Helsinki-based infrastructure-opportunistic fund OP Finland Infrastructure has agreed to invest €30m against an issue of new shares in ESL with a pre-money equity valuation of €165. This corresponds to a 15.38% ownership ...
Vale lines up world's largest ore carrier for rotor sails treatment Brazilian mining giant Vale has signed up the world's largest ore carrier for wind-assisted propulsion. The 2012-built 400,000 dwt valemax , owned by Oman's Asyad and on a long-term charter with Vale, will be fitted with five 35-m-tall rotor sails from British supplier Anemoi Marine Technologies. The cylindrical sails will be installed on Anemoi's folding ...
Van Oord wins cable laying contract off Taiwan Van Oord has been awarded a contract by Danish renewables developer Ørsted for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The 920 MW project will be located 35-60 km off the coast of Changhua County. The Dutch marine construction firm will be responsible for the transport and installation of three export ...
Eneos adds two vessels to Stolt Tankers-NYK chemical tanker pool Chemical tanker firm Stolt Tankers and Japanese shipping company Nippon Yusen Kaisha (NYK) have made a deal with Eneos Ocean to operate a new chemical tanker pool. The new pool will be launched within the 11-tanker-strong Stolt NYK Asia Pacific Services (SNAPS). Eneos will contribute two 12,000-dwt tankers which will join the SNAPS pool during ...
China Merchants fixes two LNG newbuilds to PetroChina China Merchants Energy Shipping (CMES) has struck a deal with compatriot energy giant PetroChina to charter out a pair of liquefied natural gas (LNG) carriers under construction at Dalian Shipbuilding Industry (DSIC). The Shanghai-listed energy transport unit of China Merchants Group has fixed the 175,000 cu m units to the listed arm of state-owned China ...
Five out of the 10 largest Chinese shipowners are leasing institutions , data from shipowner association BIMCO shows. "The entry of Chinese financial institutions into the leasing market has significantly contributed to the growth of the Chinese owned fleet in recent years," a new report from BIMCO stated today. While COSCO is by some distance the ...
Auction set for two wind areas offshore Estonia Estonia's Consumer Protection and Technical Regulatory Authority (CPTRA) has announced two auctions for the development of wind farms in the Liivi 1 and Liivi 2 offshore areas. The competing applications submitted to the CPTRA for developing offshore wind farms in the Liivi 1 and Liivi 2 areas were inspected and sent to relevant state authorities ...
US commits $553m to develop Sri Lankan terminal On the island of Sri Lanka, strategically located along one of the most important global trade arteries, the world's top two economies are vying for influence. After years of China spending hundreds of millions of dollars to develop port infrastructure in the South Asian nation, the US has entered the fray with the US International ...
Stainless Tankers expands fleet with double buy Stainless Tankers of Norway is bolstering its fleet of chemical carriers in a $27m deal for two secondhand ships. The Oslo-listed outfit backed by UK-based Tufton Investment Management will be adding a pair of unnamed 2005-built J19 stainless steel units, intending to close the deal this month. To fund the deal, Stainless Tankers has upsized ...
MSC's vintage fleet holds key to liner shipping's demolition derby One in five of the global container fleet is ripe for demolition, with the world's largest liner, Mediterranean Shipping Co (MSC), accounting for nearly 25% of all boxships aged 20 or over, according to new analysis from Alphaliner. As such, MSC's decision when to scrap and in what quantity could affect the fortunes of many ...
International Seaways boosts LR1 orderbook with K Shipbuilding option duo US tanker owner International Seaways has exercised an option to build two more LR1 vessels at South Korea's K Shipbuilding, taking its orderbook at the yard to four. The order is part of the original deal struck with the shipbuilder, formerly known as STX Offshore & Shipbuilding, in August. The New York-listed firm with a ...
Creation of state-run line moves a step closer in Australia The government in Canberra is pushing ahead with plans to develop an Australian-owned and crewed strategic fleet. The government released today a report from an independent taskforce looking at developing a national fleet, something that has come in for repeated criticism from lobby groups. The aim is to have a fleet of up to 12 ...
Icon Offshore pens AHTS deal with SEA Hibiscus Malaysian offshore service provider Icon Offshore has secured a contract from Hibiscus Petroleum subsidiary SEA Hibiscus for the provision of one 60 mt anchor handling tug supply (AHTS) vessel. Icon Offshore said in a Bursa Malaysia filing that the anchor handler will support SEA Hibiscus' 2023/2024 drilling campaign. According to the company, the provision of ...
World's first global navigational aid to protect whales launched The World Shipping Council (WSC) has launched the world's first global navigational aid to protect whales. The WSC Whale Chart, available for free, is the first global mapping of all mandatory and voluntary governmental measures to reduce harm to whales from ships. It will be regularly updated. Experience shows that separating ships and whales is ...
Net is a weasel word Andrew Craig-Bennett questions who let the marketing people loose on a question of science and engineering. He has serious issues with the words net and zero. Merchant shipping is a wonderful business to be in. We all know that. It has traditions, it has customs, it has rules, and these are pretty much the same ...
Hong Kong Market Report 2023 Contrary to perception from overseas, the local Hong Kong shipping community argue that their sector is thriving, and, yes, the government could help out a bit more, but actually the sector is moving in the right direction. Splash assesses how the Special Administrative Region can fight back to reclaim its place at shipping's top table ...
Seafarer killed in Russian missile strike on bulk carrier KMAX Ruler in port of Odesa At least one person is dead and three crew are injured after a Russian missile hit a Liberian-flagged vessel. Ukrainian...
US to put $553m to build deepwater container terminal at Sri Lanka's Colombo port The port of Colombo has been at a 90% utilisation since 2021, signalling the need for additional capacity, the US...
Marine insurance: What the buyers want 'You might be able to get it cheaper but you need to know at the end of the day that...
Safe Bulkers posts reduced profit for third quarter US-listed owner sees impact of global uncertainties and weaker charter rates
Blacklisted Russian grain operator to establish dry cargo fleet Russia needs a bigger fleet to sustain its plundering of Ukrainian grain
EuroDry finds solace in 'likely' constricted dry bulk fleet growth Recent acquisition of three ultramaxes took advantage of softening in vessel prices during the summer, says chief executive Aristides Pittas
Concerns raised shipping is ill prepared for EU ETS The EU's Emission Trading System will be extended to include shipping from January 1, 2024
Digitalisation and automation will help port sustainability Hamburg's Jens Meier has taken the helm at the International Association of Ports and Harbours. He sees harmonising standards as...
DHL trims top range of earnings outlook High interest rates and macro-economic uncertainty have slowed the pace of recovery. DHL expects another one to two quarters before...
Crowley named lead defendant in sexual assault lawsuit A sexual assault lawsuit has been filed against Crowley, SIU and SHLSS by a female cadet who alleges she was...
Former ICBC Leasing shipping chief sets sail for rival Minsheng His departure came amid a major personnel overhaul of the lessor's shipping division
Chinese digital freight platform YQN seeks growth from supply chain reconfiguration Supply chain reforms are creating new logistics needs and growth opportunities for YQN's business, chief executive Zhou Shihao says. But...
Maersk appoints Silvia Ding as new managing director for greater China With more than two decades at Maersk, Ding has extensive experience in the Chinese and Southeast Asian markets
Carriers cling to ageing tonnage despite overcapacity concerns The containership age profile has crept up in recent years. But even removing all boxships more than 20 years old...
Tanker asset values head upwards as markets remain resilient Rising Middle East tensions, Opec+ production policy and Russia-trade sanctions enforcement are all having an impact on tanker asset values...
CMES and PetroChina ink 25-year charter deal for newbuilding LNG carrier duo Chinese owner says long-term hires for most of its LNG carriers will help stabilise income and reduce cyclical risks
Daily Briefing Industry disquiet grows over Panama's plans to deal with canal crisis | China dominates surge for dual-fuel tonnage | Containership...
Weak US imports via Western Canada reveal BC port challenge The cracks in the gateway's attractiveness to importers and exporters out of the US Midwest were showing before this July's work stoppage and the decline in import demand across North America.
US truckload shippers urged to launch bids now to get best 2024 rates An uptick in the West Coast share of Asian imports has already translated into heightened demand for surface transportation.
ILA, USMX remain at odds over dockworker wage increases: Daggett The ILA president says further progress on a new master contract, as well as port-specific local deals, can't happen until the two sides agree on coastwide pay hikes.
Zim reinstates China-US fast ship service to target e-commerce demand US e-commerce imports are filling much of the available air cargo capacity out of China, spurring the ocean carrier to bring back an expedited service it was forced to mothball eight months ago.
Breakbulk sector poised for boost amid rising commodity prices Commodity prices continue to rise, leading to further investments in mining, agriculture and oil and gas projects, all of which is good news for breakbulk and project shippers and their service providers.
Black ink on ice: Pangaea Logistics just keeps turning profits in weak market Rates plunged by one-third from a year ago, but Rhode Island operator battered the Baltic
Genco Shipping executes $500m refinancing and reports loss but keeps dividend aloft New York bulker owner also expands fleet with purchase of 2016-built capesize
Dry bulk market should be slightly better next year, shipowners say 'China is a question mark for us now,' says EuroDry chief executive Aristides Pittas
By reservation only: Panama Canal slot breaks new record as unbooked ships turned away Local agency stops tracking canal queues as reservation required
Pilot dies, crew injured and vessel damaged in Odesa missile attack Incident highlights risks inherent in Ukraine's new grain corridor
Middle East shipowners back in for secondhand tankers as fears grow over Israel war escalation Analyst Eva Tzima says buyers want to ensure they can get exports out more easily if conflict spreads
LPG carriers perform U-turns amid Panama Canal delays The Panama Canal Authority has reduced available slots twice in November
2020 Bulkers: We'll stick to floating rates and wait out the market upturn Bauxite has become a bright spot in the capesize and newcastlemax segment
New Fortress Energy introduces first gas into its FLNG unit off Mexico Green hydrogen production arm Zero Parks doubles capacity at first facility as it eyes exports
Flex LNG talks up 2027 opportunities for its next open LNG carriers Shipowner offers insight into book values and debt repayments on its vessels
Russian LNG still flooding into Europe despite calls for a halt Finland renews call for region to ban imports as Russia vows to hike production
'All the stars are aligning' in Stainless Tankers' two-ship buy Chief executive Alex Karakassis describes move as checking all the boxes in a 'one-off event'
Vale to retrofit world's biggest ore carrier with rotor sails Mining giant to use Anemoi kit on Asyad-owned dry bulk behemoth Sohar Max
ESL Shipping unveils new investor pumping in cash to expand green bulker fleet Finnish owner strikes deal with OP Finland Infrastructure in the shape of new shares
EuroDry stays in the red but loss narrows in third quarter The Greek owner of midsize bulkers says it will continue to look for acquisition opportunities and to buy back shares
SFL locks in neo-panamax charters and upgrades with Maersk and Hapag-Lloyd Company extends charter of 9,500-teu Maersk Sarat (built 2013) until mid-2025
Low-profile R Shipping named as buyer of Scorpio product carrier as tanker sales roll on Scorpio's oldest vessel was recently bought back from a Chinese leasing company
Scale of Russian tanker operation exceeds US expectations US Energy agency upgrades expected Russian production in 2024 after build-up of fleet outside of G7 sanctions regime
Hill Dickinson boss Peter Jackson to step down after 40 years with UK law firm Craig Scott taking over CEO role as long-serving lawyer retires
Ukraine grain corridor beats the odds to prove an unexpected success Kyiv close to shepherding 100 ships through the beleaguered ports of Odesa, Yuzhnyy/Pivdennyi and Chornomorsk
Excelerate Energy inks first LNG sales deal with Bangladesh's Petrobangla Floating regasification specialist advances its integrated business plan
Middle East owners back in for secondhand tankers as fears grow over Israel war escalation Analyst Eva Tzima says buyers want to ensure they can get exports out more easily if conflict spreads
MSC is largest owner of vintage container ship tonnage Swiss-based carrier has four times as many older vessels as the next liner operator
LPG tankers perform U-turns amid Panama Canal delays The Panama Canal Authority has reduced available slots twice in November
How learning to drive inspired a lifetime of shipping research for Onassis Prize winner Professor Siri Pettersen Strandenes is honoured for a lifetime of work charting the economic forces that have changed shipping
Low-profile Swiss trader Global One Energy orders product tanker quartet Company's main products are LPG, fuel oil and high sulphur gas oil
Concordia's Erik Lewenhaupt 'disappointed' by autumn season MR rates But tanker owner's boss says earnings remain decent compared to last five years
Stolt Tankers and NYK team up with Eneos to expand chemical tanker pool Long-standing partners welcome Japanese owner on board to beef up Asia-Pacific services
Japan plays a 'team game' to reach zero-emission goal TradeWinds Shipowners Forum hears maritime cluster is collaborating on decarbonisation
'Disciplined' 2020 Bulkers keeps winning streak going as rates rise again Tor Olav Troim-backed newcastlemax player has posted a profit every quarter since its 2019 debut
Takeover target Atlantska Plovidba offloads kamsarmax newbuilding for $37m Croatian owner also reveals new financing by Hudson Structured Capital Management
Safe Bulkers banks on newbuildings and green upgrades to bolster earnings US-listed company sticks to strategy and dividend as Q3 net income hits three-year low
Flex LNG expects a tightening market from 2026 but sees volatility in interim Company sees 'fairly balanced' LNG freight and product market ahead of the peak winter season
Tufton-backed Stainless Tankers buys two more chemical carriers as profit rises Investment vehicle splashes $27m on 2005-built duo
Viability of Iran's ageing commercial fleet worries IRISL boss Khiabani believes 70% of fleet won't be able to trade internationally within next 10 years
IRISL boss concerned over future viability of Iran's ageing commercial fleet Khiabani believes 70% of countries fleet won't be able to trade internationally within next ten years
Pilbara has potential to be major green bunkering hub, study finds With over 6,800 vessel visits last year, region said to be the 'natural beachhead' to decarbonise bulker fleet
Next three years are 'critical' in the race to decarbonise, says MOL's Hashimoto Chief executive tells TradeWinds Tokyo Shipowners Forum now is the time to invest
Capesize bulkers bounce back over $20,000 per day but El Nino presents 'wildcard' Spot rates are higher than forecasted as supply is tighter than expected, analyst says
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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