VIDEO: Thordon Bearings picked for Canadian Coast Guard AOPS newbuilds Thordon Bearings has been awarded a contract to supply seawater-lubricated bearings for installation on the first of two modified versions of Canada's Harry DeWolf-class of Arctic and Offshore Patrol Ships (AOPS). The
Bollinger Mississippi cuts steel on Polar Security Cutter prototype modules Bollinger Shipyards LLC has begun cutting steel at Bollinger Mississippi Shipbuilding in Pascagoula, Miss., on the first of eight prototype modules that will become the foundation of the first U.S. Coast Guard
Newark car carrier: Post fire salvage effort makes progress A month ago, responders were still working to extinguish the fire that erupted on the the Grimaldi Deep Sea RO/RO vessel Grande Costa d'Avorio in Port Newark, July 5. Now, the Coast
FERRIES 2023 returns to NYC area in November Set to take place at the Hyatt Regency Jersey City on the Hudson, November 14-15 in Jersey City, N.J., the 36th annual Marine Log FERRIES conference will have as its theme "Designing
Memphis Engineer District puts new bank grader through its paces The Memphis Engineer District's Bank Grading Unit (BGU) grades the banks of the Mississippi River to the proposed design slopes to support the sinking of Articulated Concrete Mattress (ACM) performed by the
International Seaways orders LNG-ready tanker duo New York City headquartered tanker giant International Seaways Inc. (NYSE: INSW) has entered into contracts to build two, scrubber-fitted, dual-fuel (LNG) ready, LR1 vessels in Korea at K Shipbuilding Co, Ltd. The
Op-Ed: Real-time wind monitoring for wind-assisted propulsion By Mikko Nikkanen, Head of Maritime at Vaisala As the shipping industry moves to cut fuel consumption and reduce carbon emissions as regulations tighten, more operators are starting to pay serious attention
Port Houston holds ribbon cutting for Bayport Terminal expansion project On August 4, Port Houston reached another historic milestone when it celebrated the completion of Wharf 6 of its Bayport Container Terminal Expansion Project. U.S. Transportation Secretary Pete Buttigieg and U.S. Department
5 Ways to Save Money When Buying Building Materials for Your Home Building materials take up a significant chunk of a home construction budget. These materials have seen a sharp price rise due to inflation, shortage of raw materials, scarcity and increasing energy costs, supply chain disruptions, and environmental factors. Nonetheless, implementing the right strategies can help save money when buying building essentials without jeopardizing quality. This post o
SCFI rises for second consecutive weeek as North America rates increase According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039.32 points, continuing a two-week rising trend. Spot pricing for container exports from Shanghai to North America was favourable, notwithstanding persistent pressure on shipping capacity supply caused by labour-management issues at ports on Canada's west c
Port Houston celebrates completion of new Wharf 6 Port Houston announced the completion of Wharf 6 of its Bayport Container Terminal Expansion Project on 4 August. Many federal, state, and local officials, partners, stakeholders, and customers attended the celebration event, including a ribbon-cutting ceremony. "This new wharf will enable the Port to keep up with the new growth and demand and help reduce supply chain congestion by providing addi
Chiquita's Great White Fleet orders 800 Carrier Transicold's PrimeLINE reefers Chiquita Brands' Great White Fleet has boosted its investment in Carrier Transicold PrimeLINE® container refrigeration equipment. Great White Fleet added 800 PrimeLINE units to transport bananas from Central America to North America, based on the proven performance and energy efficiency of its current PrimeLINE units. "Energy conservation is vital to Great White Fleet's green transportation initi
Construction hurdles cleared for India's mega deep-water port project, off Nhava Sheva Work on India's long-awaited mega deep-water port project at Vadhavan, some 120 miles north of Nhava Sheva Port (JNPA), is ready to take off. The project was approved by the Indian government in 2020 for development under a public-private partnership (PPP) model at an estimated cost of about US$9 billion. A special purpose vehicle (SPV) formed between JNPA, with a 74% stake, and the Maharashtra M
CMA CGM revises congestion surcharge in Mersin from and to North Europe As operational challenges continue at the port of Mersin, CMA CGM has decided to revise the port congestion surcharge (PCS) at the Turkish port. The French ocean carrier will revise the port congestion surcharge for containers from/to Mersin to/from North Europe, Scandinavia, Poland and the Baltic. The updated surcharge will be US$50/TEU for all types of containers and will be effective from 16 A
Hapag Lloyd implements new peak season surcharge from East Asia to North America Hapag Lloyd has announced a new Peak Season Surcharge (PSS) from East Asia, namely Japan, Republic of Korea, Taiwan (PRC), Hong Kong (PRC), China (PRC), Macau (PRC), Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia and the Philippines to the United States and Canada. The German carrier will increase its rates by US$480 per 20' dry container, US$600 per 40' dry co
Sea-Intelligence reports sustained halt to demand collapse Sea-Intelligence reported that according to June 2023 demand data by Container Trade Statistics (CTS), this is the fourth month in which the global collapse in demand growth can be said to have halted. However, Alan Murphy, CEO of Sea-Intelligence explains that "from a supply chain perspective, we also need to account for the travelled distances, hence why we prefer to measure demand in TEU*Miles
Danaos adds two 8,000+ TEU vessels to its orderbook On 20 June, Greek container vessel owner Danaos entered into contracts for the construction of two 8,258 TEU boxships. The new vessels will have the latest eco-design characteristics and are expected to be delivered in 2026. Yangzijiang Shipbuilding in China seems to have received the order for the construction of the two ships. CEO of Danaos, Dr. John Coustas commented, "We have expanded our new
Axpo charters small-scale LNG bunkering vessel Switzerland's largest renewable energy producer Axpo has signed a ten-year deal to charter an LNG bunkering vessel. The long-term agreement has been signed with Italy's Gas and Heat SpA and the San Giorgio del Porto shipyard. The vessel will be built in the San Giorgio's shipyard in Piombino, Italy, with a capacity of up to ...
International Seaways orders two LR1 tankers at K Shipbuilding US tanker owner International Seaways has contracted two LR1 product carrier newbuilds for construction at South Korea's K Shipbuilding. The New York-listed company, which owns and operates a fleet of 75 vessels, is paying around $115m for the duo, which is expected to deliver from the yard formerly known as STX Offshore & Shipbuilding in ...
Sunken tugboat recovered from Suez Canal The Suez Canal Authority has successfully recovered the sunken tugboat Fahd which sank following a collision with an LPG carrier. The tugboat sank in the Suez Canal on Saturday after colliding with the LPG carrier resulting in one fatality. The Hong Kong-flagged gas carrier was unscathed in the incident which took place around the 51 ...
Atlantica Shipping adds to offshore fleet Atlantica Shipping has expanded its offshore fleet with the addition of two platform supply vessels. The Oslo-based diversified shipowner has taken delivery of the 2006-built FS Arendal and the 2012-built Standard Duke from Fletcher Supply Vessels and Standard Supply, respectively. Financial terms for the FS Arendal were not revealed, while the Standard Duke came with ...
Shippers look for alternatives as Panama Canal delays lengthen Shippers are now actively rearranging Asian shipments, moving back from the US east coast to the west coast, as the full ramifications of the Panama Canal's prolonged reduced operational capacity hits home. Facing what it has described as an "unprecedented" drought, the Panama Canal Authority has shaved a couple of metres off its maximum draft ...
Rovco wins survey deal for Flotation Energy's Cenus floating wind farm UK-based subsea technology and services firm has won a contract for a geo-environmental survey at Flotation Energy's planned Cenos floating offshore wind farm. Located in the Central North Sea some 200 kilometres off the northeast coast of Scotland, the 1.4 GW Cenos floating wind development will cover approximately 333 square kilometres. Rovco, which launched a ...
RWE, National Grid Ventures enter New Jersey offshore wind race Community Offshore Wind, a joint venture between RWE and National Grid Ventures, has submitted its plan to provide up to 1.3 GW of new offshore wind capacity to New Jersey. The proposal, submitted to the New Jersey Board of Public Utilities, will generate enough power for more than 500,000 homes annually if selected. The JV ...
Mercuria and ETA Shipping link up for newbuild series in China Swiss trader Mercuria and Dutch ETA Shipping have teamed up to build up to 16 low-emission multipurpose general cargo ships in China. A joint venture will see the construction of six initial ÈTA 6700 vessels at Taizhou Sanfu Ship Engineering, with the first delivery expected in 2025. The ships will be owned by Mare Balticum, ...
MSC signs for 10 more LNG-fuelled boxships in China Mediterranean Shipping Co (MSC) has returned to China's Zhoushan Changhong International Shipyard for more LNG dual-fuel containerships. The Swiss-based liner giant has booked ten 10,300 teu vessels for delivery in 2026 and 2027. No price has been disclosed for the latest deal, which brings the company's orderbook at the yard to 20 ships. MSC has ...
Floatel International scores UK North Sea charter with Shell Offshore accommodation vessel specialist Floatel International has been awarded a contract for the provision of accommodation services. The Oslo-based owner and operator of five semisub flotels said that it won a four-month charter to provide accommodation support to Shell's UK arm at the Shearwater field in the Central North Sea. According to the company, the ...
Hundreds of cars still intact onboard fire-damaged Fremantle Highway Regardless of the fire that raged on for days on the car carrier, reports now claim that some of its cargo is undamaged. After the ship caught fire on July 25, Multraship Towage and the Boskalis-owned Smit Salvage were put in charge to assess the damage, take it to port when possible, and ultimately salvage ...
Del Monte accused of squeezing competition Network Shipping (NWS), the shipping arm of fruit giant Fresh Del Monte, stands accused of "unfair or unjust discriminatory practices" in a filing with the Federal Maritime Commission (FMC) in the US. The case has been filed by four Ecuadorian exporters and two US importers who claim they lost more than $2m between 2021 and ...
CULines boss back at work, refutes financial difficulties Having disappeared from view for more than a month Raymond Chen has returned to work at China United Lines (CULines). Chen, the chairman and CEO of the Chinese carrier, had reportedly been apprehended by Chinese authorities in June, but yesterday he was back at work chairing a management conference. The company stressed yesterday that it ...
Hafnia and Socatra order four methanol-powered MR tankers in China Hafina and French joint venture partner Socatra have ordered four methanol-powered MR tankers at Guangzhou Shipyard International (GSI) in China, kicking off a green round of newbuild investments for the world's largest operator of product tankers. The 49,800 dwt dual-fuel ships will deliver in 2025 and 2026. All the ships have been fixed on long-term ...
It's 2023 and crew are still dying in ladder accidents "The presentation of a non-compliant pilot ladder speaks volumes about the overall safety culture onboard a ship and in the...
International Seaways handily beats expectations and beefs up dividends Robust spot rates for crude tankers propel Seaways to another robust quarter. Impact of price-cap breach on fleet trading in...
Frontline tankers linked to Russian dark fleet after sale New companies continue springing up to run and manage the expanding fleet of tankers deployed in Russian oil trades as...
Boxship charter rate descent slows Containership charter rates have dropped by up to 18% in the past two months although recent fixtures suggest stabilisation
Hafnia Tankers confirms dual-fuel methanol MR tanker newbuild contract via joint venture Hafnia joins the ranks of several shipowners, including Stena Group, Clean Sea Transport and Westfal Larsen, in ordering methanol fuel...
P&I clubs over-reserving and underpricing newbuildings, Marsh contends 'A lot of the growth tends to be new business and comes in at silly prices. So the underlying premium...
Charter coverage extends Euroseas' lucrative run Greece-based boxship owner expects profitable quarters to continue for now, but says it will be "difficult" for industry to absorb...
Thessaloniki port links with Ashdod for tech boost The deal will allow northern Greek port to test solutions through Israeli port's expanding maritime technology hub
MSC orders 10 LNG-powered boxships from Zhoushan Changhong The order will widen the gap between Mediterranean Shipping Co, the biggest container carrier by capacity, and second placed Maersk
China is looking less like shipping's saviour China's economy is souring. Businesses, including those in shipping, are confused by Beijing's messaging - one moment pledging to rebuild...
Daily Briefing Ship recycling falls to 15-year low | Raymond Chen returns to CULines' helm | Should companies fess up to potential...
Parish lawsuit won't derail new terminal project: Port NOLA CEO A district attorney for the parish that would be home to the proposed new Louisiana International Terminal alleges the Port of New Orleans has no legal basis to operate there.
LTL carrier Yellow reports $70m H1 loss after shutting down Yellow lost money in its last six months as shippers moved freight elsewhere and non-operating expenses, including debt payments and interest, consumed shrinking operating profits.
Ongoing office worker contract lynchpin to West Coast labor peace Negotiators for shipping lines and office workers in Los Angeles-Long Beach report that progress is being made in the ILWU Local 63 Office Clerical Unit (OCU) contract negotiations, but the two sides have work to do on the issues of wages, pension benefits and technology.
Hapag-Lloyd's steel-floor container aims to mitigate growing global pest infestations The Hamburg-based carrier is testing a prototype container with a steel floor that is easier to repair and clean than traditional wooden floors, decreasing the chance of cargo contamination, particularly invasive pests.
Falling air cargo rates remain elevated despite supply-demand imbalance Spot rates have fallen significantly over the past year, but there is still some way to go before prices are back to 2019 levels.
Over 60 million tonnes of new US LNG capacity could be greenlighted in 2023 European buyers are continuing to rely on spot and short-term deals, Poten & Partners says
Vessel detention 'main reason' for EuroDry's second-quarter loss, chief executive says US Coast Guard detained ultramax bulker for several weeks 'for certain deficiencies', Aristides Pittas says
Dropping a dime: Pangaea Logistics churns another profit despite tough market Company looks to a better third quarter as its Arctic ice-class fleet moves into peak season
Experience with dual-fuel VLCCs informs Seaways' LR1 newbuilding plans Tankers are headed to the Panamax International joint venture with Ultranav and Flopec
Carnival closes $500m note offering and $1.3bn upsized loan Debt is backed by company assets that include casino equipment and computer software
Euroseas remains 'well insulated' against market volatility, says Aristides Pittas High and profitable charter coverage will protect the container ship tonnage provider
Swiss renewables producer Axpo snaps up LNG bunker vessel in long term deal Company will take on Italian newbuilding for 10 years from 2025 with eyes on it switching to bio-LNG and ammonia transport
US crude production set for record 2024 in boost for VLCCs Rising Atlantic production improves the medium-term outlook for crude tankers, says Clarksons
Unfazed Stainless Tankers expects sideways rates in the third quarter Oslo-listed chemical tanker unthreatened by orderbook and China disappointment
Seaboard Marine exercises options for three sub-panamax container ships in China Miami-based carrier has quietly doubled its tally of container ship orders at Taizhou Sanfu
War risk quotes only valid for 24 hours in volatile market Rates remain stable but underwriters are wary the situation in the Black Sea could change very quickly
Russian tankers pivot East as Moscow pushes Northern Sea Route The Shturman Koshelev is one of at least four crude oil tankers that has taken the Arctic route so far this summer
International Seaways offers another fat dividend in profitable quarter New York-listed tanker owner boasts a $154m profit as rates across crude and product markets jump
War Risk cut to 24-hour cover in volatile market Rates remain stable but underwriters are wary the situation in the Black Sea could change very quickly
George Economou set to join MR tanker bandwagon as Greek tycoon linked to newbuild pair The pair of 50,000-dwt tankers was ordered through an Athens-based company called An Tankers
Comment: Think the box market's bad now? Well, it's about to get much worse Falling trade due to high inflation and interest rates has hit the container market, but a record surge in new ship deliveries threatens a knock-out blow
SSY strengthens in Tokyo as it targets Japanese business Broker has its eye on opportunities in long-term project newbuilding work
China United Lines chairman back in the spotlight at management meeting Chinese carrier confirms shift of focus and claims to be outperforming the market
MSC, Peter Dohle and Schoeller back sustainability platform OceanScore MSC Group president Diego Aponte says he wants to improve environmental transparency of his fleet
Stainless Tankers pushes for dividend after profitable debut quarter Oslo-listed chemical tanker owner racked up $6.6m in revenue having owned its fleet for less than two-thirds of the quarter
Tugboat sunk after VLGC collision recovered from Suez Canal Head of Suez Canal Authority says traffic was not affected by the recovery of the vessel
Indian liner start-up emerges with former Wan Hai Lines container ship Abrao Lines acquires one of six feeder-size ships previously slated for scrap, while Chinese owner takes another
'Challenging times ahead' as container supply side growth rolls on Boxship overcapacity looks to be bedded in until at least 2027
Liner giant MSC strikes deal for 10 neo-panamax container ships in China Liner company returns to Zhoushan Changhong International Shipyard for $1.3bn newbuilding order
MSC swoops on yet another container ship as buying binge looks set to continue Liner company continues with strategy of sourcing smaller container ships from the second-hand market
EGPN raises tanker tally at Wuhu Shipyard with newbuilding duo Chinese bulker owner and operator exercises option for two additional ships it held since April
Cathay Pacific cargo boosted by rehabilitation of passenger network Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation.
July import volumes continue to mirror pre-COVID 'normal' Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.
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