N.J. Gov. Phil Murphy signs measure giving Ørsted a tax break New Jersey Gov. Phil Murphy on July 6 signed a package of bills that included one which, according to his office, "will enable New Jersey's first offshore wind project, Ocean Wind 1,
VIDEO: Responders to Port Newark RO/RO fire report "considerable progress" The response to the Port Newark RO/RO fire that broke out aboard the Grimaldi Group's Grande Costa d'Avorio on the evening of July 5 continued over the weekend. Capt. Zeita Merchant, the
Maersk vessel to omit Napier due to weather conditions Maersk announced that due to the ongoing impact of current weather conditions and high swells on shipping movements at Napier port in Australia, the Liberia-flagged, 6,900 TEU container ship SFL Maui 323S/325N will omit Napier on Southern Star service. Maersk said it took this decision to "mitigate any further disruption to scheduling and to avoid a potential slide on the service." The Danish oce
Port of Cork reports strong financial numbers amid slight container growth Port of Cork Company reported strong financial performance in 2022, during a year when the Irish port opened the new Cork Container Terminal in Ringaskiddy. The company's turnover increased by 21.5% to approximately US$53 million (€48.41 million) in 2022, and its operating profit grew by 17.7% reaching around US$10 million (€9.16 million). Port of Cork Company said it achieves a steady recovery f
Maersk revises Panama Canal Charge Maersk has announced the revision of the Panama Canal Charge (PCC) for cargo transiting through the Panama Canal effective from 3 August 2023. The Danish box line said the new tariff levels will be US$175 per 20' container and US$305 per 40' container (incl. high cube & 45' boxes) for the following trade lanes: West Central Asia to/from Latin America Asia Pacific to/from Latin America Africa to/f
Air freight forwarder CHI to convert its fleet to climate-friendly trucks with HPC support HPC Hamburg Port Consulting (HPC) has supported CHI Cargo Handling International, a provider of air cargo logistics services at Frankfurt Airport, in the conversion of its truck fleet to climate-friendly propulsion with a feasibility study and the successful acquisition of funding. In particular, CHI is planning a pilot project as part of its "Green Logistics" strategy as an entry into carbon dio
CMA CGM increases FAK rates from India and Pakistan to North Europe and Med CMA CGM has announced an increase in Freight All Kinds (FAK) rates from India and Pakistan to all ports in North Europe and the Mediterranean. The French ocean carrier said the following updated FAK rates will be effective from 4 August and will be applied only to dry containers. From India & Pakistan 20' 40' & 40'HC To North Europe US$1,000 US$1,200 To the Mediterranean US$1,000 US$1,200 The pos
Open hatch ship operator joins ICHCA International Cargo Handling Coordination Association (ICHCA) welcomed a new member from the ship-owning sector. G2 Ocean, a joint venture between Gearbulk and Grieg Maritime, intends to share and learn from ICHCA's wide network in order to improve safety for both shore-side and sea-going workers. ICHCA International invites all infrastructure owners and operators to join in constructive dialogue
Modal 3 launches direct rail service between Rotterdam and Magdeburg German logistics service provider Modal 3 has launched for the first time a direct train shuttle to Rotterdam, connecting the Dutch city with Magdeburg in central Germany. Starting in June, Modal 3 will run twice a week back and forth between Rotterdam and Magdeburg. The container shuttle leaves Rotterdam on Sundays and Wednesdays and arrives in Magdeburg on Mondays and Thursdays. In Rotterdam, i
PSA Vietnam, Saigon Newport Corporation pen collaboration deal PSA Vietnam and Saigon Newport Corporation (SNP) have signed a Memorandum of Understanding (MOU) to collaborate on advancing sustainable port development and strengthening supply chain connections in Vietnam and the Association of Southeast Asian Nations (ASEAN) region. The MoU emphasises the formation of long-term collaborations between the two firms, with the shared objective of using both side
"Opaque" peak season for container shipping Freight Investor Services' head of air and containers Peter Stallion said in a Baltic Exchange commentary that heading into July, the outlook for container shipping is becoming more opaque. The situation has been highlighted by unsuccessful attempts to raise Transpacific rates in the middle of record newbuilding deliveries, even as the third quarter is supposed to be the best period of the year f
Hong Kong confiscates US$10 million worth of illegal cigarettes hidden in containers Hong Kong Customs and Excise Department personnel have seized HK$82 million (US$10.4 million) of contraband cigarettes hidden in two containers in a ship docked in a terminal in Kwai Chung in Hong Kong. Hong Kong confiscates US$10 million-worth illegal cigarettes in containers The ship was intercepted and boarded as it approached the terminal. Twenty-two million duty-unpaid cigarettes were stored
ICTSI's Onne Multipurpose Terminal celebrates safety milestone International Container Terminal Services, Inc.'s (ICTSI) Nigerian cargo facility, Onne Multipurpose Terminal (OMT) reached a safety milestone after clocking in two million man-hours with zero lost time injury (LTI). OMT attained the landmark two years after it began commercial operations in 2021. A celebration was arranged to honour the achievement, which is more than simply an operational and b
Rotterdam sees significant increase in use of solar power on port building roofs The number of solar panels on the rooftops of large buildings in Rotterdam's port is rapidly increasing. The solar park on Patrizia buildings along Witte Zeeweg 3-21 on the Maasvlakte was inaugurated on 6 July 2023. Sunrock constructed the solar roof on Witte Zeeweg. The capacity of the 120,000 m² rooftop solar park is comparable to the average annual energy consumption of around 8,000 homes. Sun
FCT handles new boxship to deliver cargo between Russia and China via Northern Sea Route First Container Terminal (FCT) in the Big Port of St. Petersburg, part of Russian container terminal operator Global Ports, handled the first container ship of the international shipping line Hainan Yangpu NewNew Shipping Co, which will pass through the Northern Sea Route (NSR) to China. More specifically, NewNew Polar Bear is a reinforced ice-class container vessel with a capacity of 1,600 TEUs
Port of Tyne implements next-generation Vessel Traffic Services system UK's Port of Tyne has unveiled a next-generation Vessel Traffic Services (VTS) system with a modernised architecture and expanded features. The technology improves VTS operators' situational awareness and decision-making. This fully compliant system, deployed by Tidalis, adheres to the standards set by the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) an
Ignitis, Ocean Winds win Lithuania's first offshore wind tender Ignitis Group and Ocean Winds are expected to be announced as the provisional winners of the 700 MW Lithuanian offshore wind project tender. The tender was won by Ocean Winds, a joint venture between Engie and EDP Renewables, and Ignitis Renewables, a subsidiary of Ignitis Group, as they submitted the highest development fee of EUR ...
Petrobras sells FPSO for first-ever recycling in Brazil Brazilian state-owned oil and gas company Petrobras has sold its floating, production, storage, and offloading (FPSO) vessel for recycling. The P-32 FPSO, which worked on the Marlim field of the Campos Basin, was sold last week to steel company Gerdau and the Ecovix shipyard. The two will recycle the FPSO in an "environmentally sound" way ...
Smart container fleet expected to grow six-fold over the next five years The global telematics enabled container equipment fleet is forecast to grow six-fold over the next five years and account for 30% of global box inventories by 2027, driven by wider adoption across the dry container fleet, according to a new report from UK consultancy Drewry. Smart containers have grown in popularity in recent years, a ...
DHT seals funds for latest VLCC purchase DHT Holdings has revealed a new secured credit facility that will be used to finance recently acquired modern VLCC. End-May, the New York-listed company landed a scarce secondhand capture of a 2018-built VLCC, Maria P Lemos, for $94.5m. The owner of 24 VLCCs has now secured $45m, with Dutch bank ING as agent, to back ...
Celsius confirms order for four LNG carriers at China Merchants Celsius Tankers, a unit of Danish owner Celsius Shipping, has confirmed a shipbuilding contract with China Merchants Heavy Industry Jiangsu (CMHI) for four 180,000 cu m LNG carriers. A deal, earlier reported by brokers at $235m apiece, marked the official entry of another Chinese yard into the LNG sector. All four ships will go on ...
Skyborn enters race for 2.8 GW Swedish offshore wind site Skyborn, a portfolio company of Global Infrastructure Partners (GIP) has submitted a permit application to the Swedish government to build the 2,800 MW offshore wind farm. The project called Fyrskeppet is located north of Örskar in Uppsala County, about 50 km off the coast and is expected to generate up to 11 TWh fossil-free electricity ...
Boxships back up on day 10 of Canada's port strikes On day 10 of the strikes at ports across the Canadian west coast there are now clear signs of boxship queues forming. Vessel tracking data shows four boxships waiting off Prince Rupert and nine off Vancouver. With the US branch of the International Longshore and Warehouse Union stating that they will not handle diverted ships ...
NYK linked to Hyundai Samho LNG orders Nippon Yusen Kaisha (NYK) has been named as the owner behind a recent big-ticket LNG order in South Korea. Clarksons Research has reported the Japanese shipping line as the contractor for two 174,000 cu m units at Hyundai Samho Heavy Industries. The shipbuilder revealed the order in an exchange announcement last week, worth a total ...
Ray Car Carriers signs for four newbuilds Ray Car Carriers has contracted four 7,700 ceu LNG capable vessels at Hyundai Mipo, with delivery due across the second half of 2026 and first half of 2027. Clarksons Research lists the car carriers as costing $129.5m each. Car carriers have been earning huge sums for the last couple of years with orders piling in ...
Australia bans second Briese MPP in a month Regulators have banned a second Briese vessel from entering Australian waters in the past month after an inspection revealed "serious deficiencies". The Australian Maritime Safety Authority (AMSA) has issued a 180-day ban on Briese Heavylift's 2012-built multipurpose vessel over multiple failures of the safety management system, a defective emergency generator and defective fire dampers. "The ...
West Africa Gas orders LPG carriers in South Korea Nigerian owner West Africa Gas has ordered two firm 40,000 cu m LPG carriers at Hyundai Mipo in South Korea due for delivery in 2025 and 2026. The contract has an option for one more. Clarksons Research lists the price per ship as being $70.5m. West African Gas was incorporated 10 years ago as a ...
GoodBulk offloads another cape John Michael Radziwill-led GoodBulk is reported to be selling his third cape in as many weeks. This time GoodBulk is noted selling the 14-year-old 180,00 dwt for $18.5m. Greek owner New Shipping has been tied to this latest deal. In March, GoodBulk sold two two-year younger sister ships for $26m. Last week Splash noted that ...
Key outcomes from MEPC debated The 80th gathering of the Marine Environment Protection Committee (MEPC) wrapped up at the headquarters of the International Maritime Organization on Friday with a revised greenhouse gas (GHG) strategy announced. The levels of ambitions agreed within the revised strategy include peaking GHG emissions as soon as possible and to reach net-zero by or around 2050, ...
V.Group acquires Belships Management V.Group has moved to buy out Singapore-based Belships Management, a technical and crewing management company established in 1983, currently managing dry bulk vessels for Belships and other international clients. Lars Christian Skarsgård, CEO of Belships, said: "We are thrilled to join forces with V.Group with the aim to create world-class management of our fleet. Through ...
Smart container uptake set to accelerate Most smart containers in use are reefers. But increasing numbers of carriers are looking to add tracking devices to their...
US imports to peak in August, but labour issues continue complicating picture for retailers Retailers continue to face headwinds due to ongoing labour issues ahead of imports' expected peak in August. Inbound volumes were...
Boxships backlogs brew on Canada's west coast as strike resumes As ILWU Canada strike goes on its tenth day, boxships are piling up in anchorages off Canada's west coast
CLdN ro-ro declared stable after grounding off Cornwall Incident sparks UK search and rescue response, with tourist ferry on standby to assist if required
Maersk takes delivery of trailblazing methanol-fuel boxship The world's first containership capable of operating on methanol fuel is about to set sail on its maiden voyage to...
Suez Canal offers rebates for tankers on certain routes Tankers sailing on certain routes between the US Gulf, Caribbean ports and some Asian ports will receive rebates from the...
Countries call for IMO to open up to the public While there may be instances when live-streaming is not appropriate, 'political sensitivity alone should not be used as a basis...
Cosco underlines ambitions for Piraeus Chinese-controlled Piraeus box terminal reflects on 13-year rise as OOCL Piraeus call provides proud backdrop
The week in newbuildings: Celsius Tankers adds heat to LNG orderbook China's CMHI Jiangsu, which has so far built only one LNG carrier, has been contracted to build a quartet, which...
GasLog sees carbon intensity worsen as charterers burn more fuel oil Although its efficiency rating increased, GasLog's total CO2 emissions decreased in 2022, according to a sustainability report
Seafarers 'particularly vulnerable' to alcohol and substance abuse, P&I club warns Inebriation or intoxication can impair judgement and ability to perform duties safely, sometimes culminating in incidents, injuries and even fatalities
Solvang-controlled Clipper Shipping fined $1.5m in US pollution case Clipper Shipping enters plea agreement after investigation into illegal discharge in 2021. The Solvang-controlled company will pay a $1.5m fine...
Precise language and standardised metrics key to reducing shipping's greenwashing risks, says study A warning has been made that the misuse of words in relation to emission-reduction terms could potentially lead businesses into...
NYK firms up sale of Nippon Cargo Airlines NYK will receive 3,926,000 shares - or about 0.8% - of ANA Holdings, which will be become the parent of...
The week in charts: No ships registered for Ukraine grain deal | Panama flag registry purges fleet | Oil cap deepens Baltic, Black Sea and Pacific port tanker divide Tanker sale activity remains focused on older ships. Elsewhere, container volumes are stabilising, but rates are still in a slump
ONE seeks diversification to reduce volatility Box shipping is volatile by virtue of its dependence on the global economy. Yet another carrier is looking to broaden...
Creditors give Yellow more time for potential talks with Teamsters Yellow's lenders, including the US government, gave the company short-term waivers for certain loan conditions, extending its "runway" for winning Teamster support for a restructuring plan.
Volume boost, construction snarls Jacksonville's Blount Island drayage traffic The problems flared in recent weeks after Ocean Network Express shifted a vessel service out of Jacksonville's other primary container terminal, Dames Point, causing a volume imbalance between the two terminals.
Steady as she goes the best flight path for Eagle Bulk as analyst weighs options With the dust settling around investment from two shipowners, Alliance Global sees leadership status quo as the way forward
'Net-zero' floating LNG project off Canada moves into key engineering phase Samsung Heavy Industries and Black & Veatch win contract for front-end work on BC project
UN will start removing FSO Safer's 'time-bomb' cargo next week Replacement VLCC got the go-ahead to moor alongside the giant, decaying tanker off the coast of Yemen
Canada dockers and employers fight over terminal upkeep British Columbia Maritime Employer Association accuses unionised dockworkers are trying to 'aggressively expand their scope'
Peninsula continues biofuel business with delivery to Norden bulker Bunker and tanker group says growing demand in the Mediterranean is keeping its focus on greener fuels
Brazil's Petrobras opts to recycle FPSO in Brazil Environmentalists welcome the move ahead of massive decommissioning programme
DHT reports jump in VLCC earnings in second quarter before a dip in the third VLCC owner still has nearly half of days open in the reporting period that just began
Alberta Shipmanagement pushes diversification with suezmax newbuildings When it comes to ordering tankers, a Greek shipowner is putting his eggs in many different baskets
Peninsula enters biofuel supply sector with delivery to Norden bulker Bunker and tanker group says growing demand for greener fuel in the Mediterranean prompted its decision
Car carrier bull run at risk from encroaching container ships, analyst warns VesselsValue's Daniel Nash says box vessels are muscling in as vehicle ships remain sold out
GasLog blames charterers as reduced use of LNG as a fuel hits efficiency rating Shipowner was told to bunker with more conventional fuel in 2022
Secondhand LNG carrier prices rise across all age ranges Steam turbine vessels dominate S&P market but buyers are looking at vessels for a range of requirements
Italy's Cambiaso Risso and Germany's Leonhardt & Blumberg tie the knot Top marine insurance brokers team up to drive consolidation and growth
China maintains newbuilding dominance over rivals with major deals in June Maersk, CMA CGM and KCC among owners opting for Chinese shipbuilders last month
Asyad VLCC trio attracts modest offers amid sluggish S&P market Big tankers draw prices that seem relatively low, by recent exorbitant standards
Joakim Hannisdahl debuts new shipping fund with focus on tankers and bulkers Norwegian investor says stakeholders being given more time to put money into Gersemi Shipping Fund due to demand
India's Gatik Ship Management steps into the shadows amid Russia scrutiny The 42 ships connected with the Mumbai ship manager in May have dwindled to just four, ownership databases show
Celsius Tankers confirms order for LNG carrier quartet in China Owner partners private equity firm to fund two ships, while Gunvor has significant stakes in two others
Suez Canal releases hefty rebates for crude oil tankers Depending on the ports of origin and destination, normal tolls are reduced between 20% and 75%
IMO head says 2040 emission target will be 'extremely challenging' for shipping Secretary general fends off criticism that new decarbonisation targets are not tough enough
Suez Canal announces hefty rebates for crude oil tankers Depending on the ports of origin and destination, normal tolls are reduced by up to 75%
Tanker IPO may be delayed but don't doubt Stolt-Nielsen's earning power, Clarksons says Norwegian chemical tanker owner still has huge long-term potential despite recent setbacks
'Peculiar' naphtha trading patterns boosting product tankers, Gibsons says Russian volumes heading to Asia are drawing ships away from mainstream markets
Israel's Ray Car Carriers linked to top-dollar Hyundai Mipo newbuildings Tonnage provider has ordered four LNG dual-fuel, 7,700-teu vessels worth about $520m
US energy major ConocoPhillips trawls shipowners as it launches hunt for LNG vessels Energy major seeks a raft of newbuildings and is rumoured to have teamed with a big name-in-the-game on berths
Ukraine grain ship pipeline runs dry as last vessels set sail The scheme brokered by the UN and Turkey looks dead in the water even before it formally expires on 17 July
Tugs unloading handysize bulker aground off Vietnam for 19 days Another cargo vessel also brought in to help salvage of the handysize Nemrut Bay
Belships hives off ship management arm to V.Group as part of new partnership The Singapore technical and crew management operation will continue to handle the Norwegian owner's fleet.
Stolt-Nielsen won't be chasing more contracts right now thanks to 'nice' portfolio Boss Niels Stolt-Nielsen comfortable with chemical tanker fleet cover as fundamentals on his side
Briese sees second MPP banned from Australian waters Maritime regulator has now banned five vessels from its waters for extended periods so far in 2023
South Korea's KS Shipping sends small gas carrier for recycling in Bangladesh Busan Gas part of a clutch of ships sent for recycling at Chattogram while India and Pakistan sit on sidelines
Ukraine invasion drives global LNG trade volumes to new record, says EIA Europe's LNG imports increased by 65% last year compared with 2021, while US briefly becomes world's top exporter
US containerized imports still outpacing pre-COVID levels June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
Robot sentries beef up security at Hactl air cargo terminal A major air cargo terminal in Hong Kong is deploying robots to monitor security and damaged shipments.
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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