Austal in LOI for 130-meter Gotland Horizon X hydrogen-fueled cat Swedish ferry operator Gotlandsbolaget reports that it has signed a letter of intent LOI with Australian shipbuilder Austal covering the design of a 130 meter high speed multi-fuel catamaran able to operate
Yang Ming retirees demand 2021 bonuses A group of retired Yang Ming Marine Transport employees has petitioned the Taiwanese liner operator to pay them the bumper bonuses that were accorded to staff for 2021. These employees retired in 2021 and were excluded from the bonus payments, which reportedly amounted to 12 months of salaries . The bumper bonuses came to light after overjoyed staff at Yang Ming's compatriot peer, Evergreen Marin
Global Ports' Petrolesport to receive MAS service from China and Malaysia The multifunctional marine terminal Petrolesport of Global Ports Group has announced a new direct container service that will connect ports in China, Malaysia, and the Big Port of St. Petersburg in Russia. Global maritime carrier Mountain Air Shipping (MAS) will provide regular delivery of imported goods to Russia and export shipments of Russian manufacturers' products via the Baltic basin, withi
PSA starts new rail service between Italy and Germany PSA Italy has announced the launch of the Stuttgart Express rail service, which will connect PSA Genova Pra' terminal with Stuttgart in Southern Germany twice weekly. The service will run for the first time on 4 May 2023 and will provide a fast, reliable, cost-effective and sustainable alternative to transporting containers between Italy and Germany. Stuttgart Express will depart at 05:00 hours M
NWSA launches rail cargo incentive program The Northwest Seaport Alliance (NWSA), a partnership of the ports of Seattle and Tacoma in the United States, launched its 2023 Rail Cargo Incentive Program aiming to drive growth and cost-effective operations in the Pacific Northwest region. The program is expected to increase cargo volumes in the gateway while reducing costs to importers and exporters that utilise the NWSA gateway and their rai
Europol investigates how criminal networks have infiltrated EU ports Europol has launched a joint analysis report with the Security Steering Committee of the ports of Antwerp, Hamburg/Bremerhaven and Rotterdam that looks into the risk and challenges for law enforcement posed by criminal networks in European Union (EU) ports. The EU's critical infrastructure - notably highways, railways and ports - enables the EU way of life, where free movement of goods and people
Port of Trelleborg selects Konecranes equipment The Port of Trelleborg received a Konecranes intermodal reach stacker for trailer and container handling at its intermodal terminal on the southern coast of Sweden last month. The new reach stacker, which will replace an older machine, is a Konecranes SMV 4538 CCX4, a sturdy lifting machine that can securely stack 45 tonnes in the first row up to four containers high, according to the statement.
Port Authority of New York and New Jersey signs Space Act agreement with NASA The Port Authority of New York and New Jersey has signed a Space Act agreement with NASA to work on projects to prepare the next generation of flight inside the Port District's complex airspace. The progression of flying technology, known as Urban Air Mobility (UAM), includes the use of drones and electric vertical takeoff and landing vehicles to move cargo and passengers. The Port Authority of N
Port of Gijón and Prodevelop complete migration of Posidonia PCS to the cloud The Port of Gión proceeds with its digitalisation process by transferring its Port Community System (PCS) to the cloud. Software company Prodevelop has been working with the Spanish port for many years, with Prodevelop's PCS deployed on-premise. However, the port authority recently chose to take advantage of the benefits of working with a Software as a Service (SaaS) model and complete the migra
COSCO Shipping Development sees fluctuating box market as sales, leasing revenue down COSCO Shipping Development (CSD), the holding company for Dong Fang International Container, the world's second-largest container manufacturer, said that net profit fell 35% year-on-year to US$568.57 million in 2022. Container sales fell 42% to 958,900 TEU, and revenue from container leasing, which is conducted through another subsidiary, Florens Asset Management, was down 9% to US$787.93 million
CMA CGM revises Panama Canal surcharge from Asia to American destinations French ocean carrier CMA CGM announced a revision of the Panama Canal Surcharge, which is implemented from Northeast Asia and China to East Coast Central America & Caribbean, Leeward, Windward, Guyana North Brazil, except Manaus. The surcharge will be US$300 per container and will be effective from 15 April for all the destinations, except Puerto Rico and Virgin Islands, where the revised surchar
Subdued but strong March for Drewry's container index as forecasts boom despite specific looms The Drewry's World Container Index (WCI) ended just about 0.5% lower for the week at US$1,710, still looming below the Christmas-2019 mark, though not at a post-pandemic low yet. While this is its second-best weekly performance in over a year, despite featuring in the red, it has had a mixed performance in March. While the index lost about 9.6% for the month and about 19% this quarter, this was s
Valenciaport tests airship use for port operation monitoring An electrically powered airship equipped with sensors and tools to analyse environmental, security, and maritime traffic management factors flew over the Port of Sagunto in Spain to test this new technology. The Port Authority of Valencia (PAV), the Valenciaport Foundation, and the Sagunto Customs Administration collaborated and participated in the demonstration. ENAIRE, the air navigation manage
Charges set to be filed against owner of the Princess Empress tanker in the Philippines The owner of the sunken Princess Empress product tanker will likely face criminal charges in the Philippines. The ship went down in stormy conditions off the island of Mindoro at the end of February, its cargo of more 800,000 litres of industrial fuel oil then gradually seeping into the sea in the worst oil
LA/Long Beach port operations halted amid labour disruptions Labour disruptions forced a halt to cargo operations in the US's largest container gateway on Thursday, a move that threatens...
CSSC and CMA CGM ink China's largest ever boxship order CMA CGM orders two types of dual-fuel vessels that can be powered by methanol or LNG
Daily Briefing Dark fleet's biggest shipowner Gatik Ship Management loses Western insurance cover | Shipping should brace for a compliance crackdown this...
US trucking firms adding jobs ahead of expected freight demand In preparation for produce season and retail sales, for-hire trucking companies are adding to their payrolls for the first time since October, although warehousing employment is still declining.
Retailers expect slow import growth, warn of USWC labor risks The National Retail Federation's April forecast for US import volumes shows little change from March, with the only shipper risk on the horizon the status of West Coast longshore talks.
NLRB rules against ILWU in Seattle T-5 jurisdictional dispute The process of moving the T-5 matter through the courts could easily take a year or two, raising questions about how that will affect labor talks between the ILWU and PMA.
LA-LB international terminals closed amid latest job action by ILWU The closure of the international terminals at Los Angeles and Long Beach is sure to further raise the ire and frustration of US cargo interests who worry about disruption linked to the ongoing coastwide negotiations and resultant loss of discretionary cargo.
NY, NJ governors prepping for possible dissolution of port watchdog The two states have assured the police force in charge of labor oversight at the Port of New York and New Jersey that their ongoing work will continue regardless of the outcome of a Supreme Court decision in June over its status.
Savannah to open Gate 4 at Garden City Terminal on Sundays: GPA The move comes less than two months after GPA said it would stop offering evening truck hours at Savannah as volumes moving through the port have slowed significantly in recent months.
Podcast: The power of the swap in drive for electric shipping The audio edition of Green Seas explores the prospects of exchangeable batteries
Editor's Selection: Fredriksen raises Euronav stakes, Clarksons' pay reveal and a new breed of tanker owner emerges Here is a hand-picked selection of the biggest stories of the week
Can this Brazilian tug and barge company reach net zero by 2030? Hidrovias looks to electric tugs and giant convoys in path to zeroing out greenhouse gas emissions
Richest Greek resumes bulk carrier sales with capesize deal Brokers believe Maria Angelicoussis is offloading at least one of her oldest bulkers
Chubu and BP start talks with shipowners on huge carbon capture venture for Japan Shipments of liquefied CO2 to Australia and Indonesia set to start from 2030
Maran Gas Maritime's commercial chief Mark Terzopoulos jumps ship Market speculation is running hot on where well-known LNG industry face might be heading
China's EGPN inks deal for up to eight chemical tanker newbuildings Outfit says the order is driven by an ageing fleet and underinvestment
Livanos bumps up GasLog Partners offer in effort to roll up LNG holdings GasLog Ltd is now proposing $8.65 per share, up from the $7.70 per share offered in January
'Race against the clock': Euronav VLCC sails to empty Yemen FSO UN is still $34m short of the funds it needs to defuse an environmental time bomb in the Red Sea
MSC facing fines in $1,000 congestion surcharge dispute US regulator is not recommending damages, but civil penalties could be in the offing for the liner giant
China-Russia vs. US-EU: How global shipping is slowly splitting in two Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Nontraditional airlines in Brazil, Indonesia pursue 737-800 freighters Several airlines are in the process of obtaining 737-800 cargo-modified aircraft. The magic number is two.
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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