VIDEO: Marella Discovery makes first sailing from Port Canaveral Marella Cruises' Marella Discovery sailed from Port Canaveral's Cruise Terminal 5 today, kicking off a slate of 26 weekly sailings between now and November. "We are excited to extend a warm welcome
Bollinger delivers 53rd Fast Response Cutter Bollinger Shipyards LLC has delivered the USCGC John Patterson to the U.S. Coast Guard in Key West, Florida. This is the 179th vessel Bollinger has delivered to the U.S. Coast Guard over
Höegh Autoliners lines up green ammonia supply for Aurora Class Höegh Autoliners has entered a partnership with Norwegian green energy provider North Ammonia covering the supply, distribution, delivery, and consumption of green ammonia. It says that the partnership will enable it to
Fourchon Island development: Game changer for U.S. GoM? Greater Lafourche Port Commission (GLPC) executive director Chett Chiasson is hailing a recently signed Cooperative Endeavor Agreement with major players as "a game changer for the U.S. Gulf of Mexico." The agreement,
White Paper: Getting started with ship lifecycle management Shipbuilding companies implement product lifecycle management (PLM) systems to provide their diverse and widely dispersed enterprises with access to a single source of product and process knowledge. Once a PLM system is
Georgia Ports inland rail hub plan moves ahead Georgia Ports Authority (GPA) executive director Griff Lynch says that the GPA's Network Georgia plan to develop inland rail hubs around the state is gaining momentum, with federal environmental approval for an
Stable outlook on Drewry's WCI as spot rates stuck in a range It seems that the spot rates would be range-bound for a while! The Drewry's World Container Index took just a 1% hit for the week to end at US$1,741. A support at US$1,700 for the World Container Index (WCI) and an upside of US$1,800 for the resistance, seems to be emerging. A commentary that Drewry has made is that of a stable outlook. This is slightly different from the commentary of the past c
Lowenthal reappointed to Port of Long Beach Harbor's Commission The Long Beach City Council voted unanimously to confirm Mayor Rex Richardson's reappointment of Bonnie Lowenthal to the Board of Harbor Commissioners. Lowenthal was first named to the Commission in July 2017 and has had roles as president, vice president and secretary. Harbor Commissioners are appointed by the Mayor to a maximum of two six-year terms. She is the 68th Long Beach Harbor Commission
Slight upward trend for global bunker indices The global Marine Bunker Exchange (MABUX) indices showed a moderate upward trend with the 380 HSFO index increasing to US$479.73/MT, the VLSFO index rising to US$604.18/MT and the MGO index growing to US$805.77. "As of the time of writing, the market did not exhibit a firm trend," commented a MABUX representative. During Week 19, the Global Scrubber Spread (SS) - the difference in price between 3
ICTSI Motukea handles first gearless vessel ICTSI-operated Motukea International Terminal (MIT) at Port Moresby in Papua New Guinea recently made history by handling the country's first international gearless vessel. The Indonesian-flagged, 526 TEU boxhsip Meratus Samarinda is a gearless vessel, a ship without cranes, and relies on shore-based equipment at its ports of call to load and unload cargo. MIT last year took delivery of its secon
Cepsa and GETEC agree to supply green hydrogen to industry clients in Europe Cepsa and GETEC, European energy service providers, have reached a cooperation agreement by which, at 2026, Spanish firm Cepsa will supply green hydrogen and its derivatives to Germany-based GETEC for use by its industry clients as part of their decarbonisation goals. The agreement between Cepsa and GETEC, signed at the World Hydrogen Summit in Rotterdam, represents the first commercial export de
Maersk injects additional vessels into Asia - Europe services Maersk has announced changes to its Asia - Europe network aiming to improve the reliability of its services and enhance their fuel efficiency. As of week 23, Maersk has decided to inject one vessel into each of the AE5, AE10, AE7, AE55, AE11, AE12, AE15 services and two vessels into the AE6 service. "The added vessels will allow us to reduce speeds providing needed buffer to absorb schedule chall
APM Terminals Gothenburg improves container performance in first quarter APM Terminals Gothenburg in Sweden reported increased container volumes by 8%, translating to 17,000 TEUs, in the first quarter of 2023, compared with the same period last year. Additionally, APM Terminals' ship productivity, estimated by the number of container lifts per hour, increased by 14% year-on-year during the first quarter of 2023. Maersk-owned port operator said the ships are now better
CFL Cargo and Bertani Trasporti partner on new train link from Poland to France CFL Cargo, a sister business of CFL Multimodal, and Bertani Trasporti announced the opening of a new rail link between Gliwice Port in Poland and Marckolsheim in France. CFL Cargo and Bertani Trasporti formalised their cooperation for a new train conducting two roundtrips per week and carrying vans from Gliwice Port to Marckolsheim across a distance of more than 1,300 km during this year's transp
MSC to open new office in the United States MSC has unveiled its plans to construct a new office in Tempe, Arizona increasing its network of facilities throughout the United States. The building of the cutting-edge 777 Tower on the Arizona State University (ASU) campus is scheduled to be finished in the spring of 2024. The approximately 2,630 m² area on the sixth level of the skyscraper will welcome 170 MSC employees with the majority of t
Swire Shipping to run USWC-South Pacific service alone after Hamburg Süd withdrawal Swire Shipping will become the sole operator of its US West Coast-South Pacific service, after its partner Hamburg Süd withdraws from the loop in June 2023. The company will commence solo operations of the service on 16 June, when its chartered ship, 1,700 TEU Mount Cameron, is expected to depart Long Beach, California, US. In the second half of June, Swire Shipping will deploy a second ship to r
Bangkokmax now favourite vessel type for regional box trades Originally designed to access the city port of Bangkok on the Chao Phraya River, Bangkokmax container ships have become the preferred vessels for regional trades in Asia, and other regions. The dimensions of Bangkokmax vessels, whose length does not exceed 172m, make these 1,700-1,900 TEU ships palatable to regional lanes, according to Alphaliner's latest report, released on 10 May. More recently
Hyphen and Koole Terminals sign green ammonia agreement Hyphen Hydrogen Energy, a Namibian-registered green hydrogen development company, has signed a Letter of Intent (LOI) with Koole Terminals, an independent storage, processing, and logistics company. The LOI covers the proposed importance of green ammonia into north-western Europe by Hyphen to supply its customers through the import terminal being developed by Koole Terminals, located in Rotterdam
MSC selects air cargo sales and service agent for North America and Europe MSC has announced a new partnership between its Air Cargo business unit and ECS Group. The Swiss/Italian company has selected ECS Group as general sales and service agent (GSSA) for North America and Europe within its Air Cargo business unit. ECS will be the commercial partner for local coverage in Europe, North America and Mexico in order to satisfy the customer's demand and maximise the company
Hapag-Lloyd reports lower box volumes amid Q1 revenue and profit decline Hapag-Lloyd ended the first quarter of 2023 with container volumes 4.9% lower than in the first quarter of last year, at 2,842,000 TEUs. According to the German company, this is the result of local destocking and weaker overall global demand. In addition, the lower average freight rate of US$1,999/TEU was particularly responsible for the decline in revenue, which decreased to US$6 billion in the
Germany approves COSCO investment in Hamburg container terminal The German government has finally approved the acquisition of a minority stake in Container Terminal Tollerort (CTT) by COSCO Shipping Ports. The Chinese port operator will buy the 24.9% shareholding in the Hamburg port's box terminal from the German major port and terminal operator Hamburger Hafen und Logistik AG (HHLA), which has welcomed the decision of the country's government. HHLA said the
Ernst Russ boosts fleet with boxship buy Germany's Ernst Russ is expanding its fleet with the acquisition of 2,194 teu containership for an undisclosed sum. The Hamburg-based company has already taken delivery of the 2017 Chinese-built vessel and renamed it Frida Russ. The ship has been bought with a 20-month charter attached, with an option for a further three months. "With this ...
Seanergy clinches $54m refinancing of capesize trio Nasdaq-listed Greek capesize owner Seanergy Maritime has secured refinancing deals for three ships at attractive levels via $38m Japanese sale and leasebacks and a new $15.75m sustainability-linked loan. The 2010-built Knightship and Lordship have been sold to unaffiliated third parties in Japan and chartered back, giving the Stamatis Tsantanis-led company a liquidity boost of around ...
Ireland reveals four winners in first offshore wind auction Ireland has awarded contracts to four offshore wind projects totalling nearly 3.1 GW of capacity in its first-ever offshore wind auction. The power capacity is more than half of Ireland's target of 5 GW of offshore wind for connection to the grid by the end of 2030 and the equivalent of powering more than 2.6m ...
Scorpio Tankers activates buy option on another five ships Monaco-headquartered Scorpio Tankers is taking over ownership of more product tankers in a move that will see the Emanuele Lauro-led owner further reduce its financial costs. The New York-listed company has this time opted to buy five leased MRs slashing the debt by $147.3m. The deal, expected to close in July, includes the 2019-built STI ...
TechnipFMC confirmed for major subsea contract in Brazil Offshore contracting giant TechnipFMC has been selected to deliver subsea umbilicals, risers and flowlines (SURF) for Equinor's BM-C-33 asset in the Brazilian pre-salt Campos area. A major contract, which the New York-listed company said would be worth over $1bn, follows a front-end engineering and design (FEED) study awarded last July. Equinor had an option, which ...
Höegh Autoliners fixes fuel supply for ammonia-ready newbuilds Norway's Höegh Autoliners has partnered up with compatriot green energy provider North Ammonia for the supply of green ammonia for its multi-fuel and zero-carbon ready 9,100 ceu Aurora Class vessels under construction in China. The Oslo-based company said the partnership will enable it to meet its commitment to powering at least 5% of its deep-sea ...
Container rate war 'plain as daylight' Container carriers are embarking on a rates war, according to one leading analyst, while other experts contacted by Splash remain circumspect to label today's diminished container earnings landscape as an all-out battle to the bottom. Hua Joo Tan, who heads up research outfit Linerlytica, described the rates war as being "plain as daylight". "Carriers have ...
Prosafe agrees $30m private placement Oslo-listed semisub accommodation vessel owner Prosafe has raised approximately $30m via a private placement of new shares. The net proceeds from the private placement of 2.72m shares at a price per share of NOK117 will be used for working capital, preparation for commencement of new contracts and general corporate purposes. The owner and operator of ...
PGS books carbon storage related seismic work Offshore seismic acquisition specialist PGS has secured a contract with an undisclosed independent energy company for work on a carbon storage project offshore Norway. The survey is scheduled to start in September and has a duration of approximately one month. Last year, the Oslo-listed company established itself as a strong player in the carbon storage ...
Shearwater awarded 4D surveys by TotalEnergies Offshore seismic expert Shearwater GeoServices has won a contract from TotalEnergies to carry out two 4D surveys over gas fields in the West of Shetland area. The contract covers Laggan, Tormore, and Edradour fields with an option to extend to the Glenlivet field. The surveys will start in May this year, utilising the 2015-built for ...
New leadership unveiled at AET New leadership has been unveiled at AET, a tanker arm of Malaysian flagship MISC. Zahid Osman steps up from vice president to become president and CEO from the start of next month, with Rajalingam Subramaniam moving to chairman. Rajalingam was appointed head of MISC last year, after which the search has been on to fill ...
Harren & Partner rebrands to Harren Group Privately owned German maritime services and logistics conglomerate Harren & Partner has changed its name to Harren Group. "There is one global ocean, and we are one global group - bringing together the best thinkers and doers to move the world forward," said Dr Martin Harren, CEO of Harren Group, a diverse company whose brands ...
Atlantica's winning MR streak continues Norway's most active asset player, Atlantica Shipping, can celebrate the upcoming Norwegian national day in style, as the Oslo-based owner is proceeding with its fifth highly profitable MR sale since December. This time, Atlantica is pocketing some $22m on the 53,000 dwt Atlantica Brave, a 15-year-old tanker it paid some $13m for two years ago. ...
Berlin green lights COSCO's Hamburg terminal investment After much deliberation, Berlin has green lighted COSCO's purchase of a minority shareholding of a terminal in Hamburg, a decision that has been many months in the making and sparked considerable debate in Germany about Chinese state firms buying into national infrastructure. Hamburger Hafen und Logistik (HHLA) has welcomed the decision of the German government ...
Trafigura's Nielsen elected chair of the Sea Cargo Charter Trafigura's Rasmus Bach Nielsen has been elected chair of the Sea Cargo Charter, a global framework for assessing and disclosing the climate alignment of chartering activities. Eman Abdalla, Cargill's global operations director, was also elected vice-chair yesterday. "The mindset regarding climate alignment has changed faster than we could have imagined in the past few years, and ...
BIO-UV: Stricter requirements for water treatment on the cards Since its inception in 2000, BIO-UV has consolidated its reputation in designing, manufacturing and marketing ultraviolet, ozone, salt electrolysis and advanced oxidation process technologies for water disinfection and treatment in a multitude of applications across the industrial, municipal, aquaculture, fisheries and maritime spheres. The company's BIO-SEA ship ballast water treatment solution,
Teekay Tankers chief says first-quarter spot rates reached 'highest level ever' Teekay Tankers reports record first-quarter adjusted net income on the back of unprecedented US Gulf exports, strong volumes out of...
D'Amico chief sees strong market through 2023 and 'very positive' long-term fundamentals Tonne-mile demand set to increase by new refining capacity in India, China and the Middle East, while vessel supply will...
Torm profits soar as high fleet utilisation boosts freight rate volatility Oslo and New York-listed Torm to distribute $121m in dividends from first-quarter results rather than invest in new ships
United Maritime clinches second panamax on bareboat with purchase option Nasdaq-listed owner has regrown its fleet at 'attractive' prices in wake of recent triple tanker sale, according to chief executive...
Hull coatings go hi-tech as charterers focus on decarbonisation Coatings manufacturers have become an integral part of the vessel performance monitoring jigsaw, not wishing to become monitors themselves but...
Freight rates need to rise by a third, Hapag-Lloyd says Hapag-Lloyd saw revenues and profits tumble from their record highs in the first quarter. Current low freight rates will not...
Judicial sales deal is extension of flag state sovereignty, argues prime mover United Nations Convention on the International Effects of Judicial Sales of Ships looks all but certain to enter force by...
Bocomm Leasing secures $200m sustainability-linked loan Funding terms for a new dual-fuel LNG carrier include a requirement to increase the vessel's use of LNG as fuel...
Germany greenlights Cosco investment in Hamburg despite security concerns Cosco Shipping Ports receives final approval to buy a minority shareholding in Container Terminal Tollerort from Hamburger Hafen und Logistik. The...
Safe Bulkers posts lower profit in weaker charter market Owner of existing fleet of 44 bulkers continues fleet renewal in tandem with upgrades of existing vessels
Euronav reports $175m in first-quarter profit Shipowner remains positive about supply fundamentals as orderbook-to-fleet ratio for largest tankers hovers around 1.7%
PSA subsidiary buys out Saudi Arabia joint venture logistics operation PSA BDP has taken over the full ownership of its joint venture operations with local conglomerate Yusuf Bin Ahmad Kanoo...
Daily Briefing Grain corridor registrations halt as Russian imposed deadline looms | A tale of two trades on the transatlantic | EU...
Wan Hai makes further losses as box shipping rates plunge Wan Hai says its financial structure remains strong and there are signs of a rise in the market, despite weak...
Korea Shipbuilding joins green hydrogen study The project is part of the South Korean government's efforts in supporting commercial-scale production of green hydrogen
FMC needs to take oversight of rail storage charges: shippers Rail storage fees continue to be a point of contention for shippers and the National Shipping Advisory Committee wants the FMC to step up and take ownership.
Ocean carriers face two years of excess vessel capacity: Hapag-Lloyd CEO Hapag-Lloyd believes an increase in demand on east-west trades in the third quarter, together with rising carrier costs and IMO emissions rules, could mitigate the impact of surplus capacity flooding into the market.
Top US Shippers: Supply chain bottlenecks put cork in US alcohol imports US imports of beer, wine and spirits could have been even stronger over the last two years if not for widespread supply chain disruptions stemming from the COVID-19 pandemic.
Battle joined over costs linked to detention/demurrage maneuvering The decision by ocean carriers to not charge per diem fees when gates are closed will result in money remaining in the pockets of importers and exporters rather than flowing to carriers and terminal operators - and anyone who thought that would happen without a fight is dreaming, writes Peter Tirschwell.
Listen up: The clock is ticking on upskilling seafarers now or miss the boat, warns DNV Vast majority of the world's seafarers will need fresh training as shipping decarbonises and digitalises
Seanergy finds $14m in new capital by refinancing three capesize bulkers Moves include two sale-and-leaseback deals and a green loan that create $54m in refinancing
Niall Nolan steps down as Navigator Holdings' top money man He will be replaced on 30 June by Gary Chapman, chief executive and chief financial officer of KNOT Offshore Partners
Ernst Russ buys feeder container ship as it 'rejuvenates' fleet The latest acquisition takes the German tonnage provider to 31 vessels
Hapag-Lloyd draws up plan to demolish 'end-of-life' container ships But supply growth will still outpace demand growth.
Greece's Ancora pulls off neat sale drive of four MR product tankers Low-profile player cashes in more than $65m in nine months, by selling vintage product tankers
Torm upgrades tonne-mile surge from oil market upheaval Danish product tanker owner says increase set to hit 10% if demand for refined oils increases in Europe
Healthy global LNG demand expected in second half 2023, Excelerate says Company is seeing resumption of spot buying as prices fall
Black Sea grain corridor talks going down to the wire Russia and Ukraine will continue talks to potentially extend the fading agreement, back repatriating trapped vessels
M&A on hold: Hugo De Stoop expects 'clarity' on Euronav's future after AGM Belgian owner's CEO says period of stability is needed to settle strategic questions
Clarksons chairman says broking activity remains strong as pay vote looms Laurence Hollingworth says green transition and lack of ships is driving business
D'Amico increases term coverage as earnings rise in strong tanker market Italian shipowner wants to gradually raise percentage of fleet on longer-term deals
Man bites dog: Why one equity analyst is trying to warn shipowners off dividends This week's Streetwise newsletter explores Deutsche Bank analyst Chris Robertson's views on how public companies can ease their transition to new-age newbuildings
Siem Offshore seeing improvement while eyeing long-term deals for construction vessels Kristian Siem-backed owner boasts improvements across the globe with room to run
LR2 product tankers emerge in scramble for Europe's substitute barrels Increased European imports from Middle East Gulf strengthen outlook for sector as owners look to newbuildings
Shipowners resisting temptation to speed up in hot markets, Euronav says Belgian owner also notes time charter opportunities increasing in number and duration
Russian master of seized tanker bailed amid oil smuggling probe Alexey Smaznov was arrested two months ago after alleged ship-to-ship transfer off Greek coast
Ship sales boost MPC Capital as it focuses on vessel decarbonisation But overall profit falls in first quarter for Hamburg group
Advantage Tankers reveals acquisition of Navigare suezmax The deal predates Iran's seizure of another of Advantage Tankers' suezmaxes
Economou finance guru Eugenia Soula breaks male stranglehold in shipping fantasy league TMS ship finance expert becomes first woman to win monthly competition since it began 10 years ago
Excelerate Energy doubles quarterly income a year on from IPO Regasification specialist says its gas sales contracts in Brazil 'overperformed' in first three months of 2023
Awilco Drilling drops Keppel Corp pursuit after rig newbuilding dispute Oslo-listed rig owner sought to terminate newbuilding contract, setting off arbitration fight
Greece's Minerva Marine mulls first tanker newbuilding in four years Martinos family company has provisional deal for LR2 in China
Hoegh Autoliners inks green ammonia deal with Grieg-backed producer Hoegh Autoliners will power its four dual-fuel newbuildings with help from North Ammonia
EU's Russia oil ban drives Torm profits amid volatile markets Company says longer-haul voyages needed to replace Russian barrels has increased tonne-miles and revenues
Teekay Tankers eyes $100m buyback and pays special dividend after record profit US-listed shipowner also refinances 19 ships in hot markets
Hapag-Lloyd blames weakening demand as profits halved Lower volumes and freight rates and higher costs hit German carrier
Danaos inks wide-beam container ship newbuildings at Qingdao Yangfan The contract is the third deal that the Greek shipowner has signed since returning to the newbuilding market
Euronav lands $175m profit as it beefs up management board Belgian owner strengthens top team with three promotions as cash rolls in
Methanol first-mover Maersk to splash $1.4bn on neo-panamax container ships Liner giant tipped to have picked Yangzijiang to build container ships
In pictures: Rejected royal cruiser begins new heavenly role as Doulos Hope Former upscale Star Cruises vessel opens as sea-going bookshop in Singapore
Salvors steering clear of Pablo wreck job over sanctions fears Legal sources say authorities will likely pick up the bill for salvage and wreck removal costs
Hanwha buyout set to bring 'cultural revolution' to shipbuilder DSME Top management changes, a review of overseas offices and questions over its future direction preoccupy at South Korean yard
South Korea's latest LNG cargo system trialled in new bunker vessel Blue Whale finally makes its appearance amid talk of teething problems with next iteration of South Korean-designed LNG tank
Ports call out 'sensationalized' targeting of foreign container cranes A group representing the nation's largest container ports contends lawmakers are misleading the public with a bill targeting Chinese-made container cranes.
Hapag-Lloyd: Higher costs will inevitably push up shipping rates The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
CPKC now offering daily intermodal service between Midwest, Mexico Canadian Pacific Kansas City is building its intermodal service between points in the U.S. Midwest and Mexico, announcing a new daily service that aims to take away market share from trucks.
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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