Marine Group Boat Works in multi-million dollar modernization project Family-owned Marine Group Boat Works (MGBW), which earlier this year was awarded a Small Shipyard Grant worth more than $1.1 million, is to undertake a multi-million dollar modernization project at its 15-acre
Is Philly Shipyard a Hanwha takeover target? Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said: "Austal is regularly involved in
Cruise ships are finally getting the digital signage they deserve Guests want to be wowed, not bored, when they embark on vacation. Cruise ship brands are attacking this boredom by designing new outdoor spaces with enormous and innovative direct-view LED (DVLED) displays.
Port Gdansk signs a grant agreement worth nearly US$106 million The Port Authority of Gdansk signed a grant agreement for the project: "Improving the Port of Gdansk infrastructure and analysing the implementation of a low-carbon OPS system for the sustainable development of the TEN-T network." Port of Gdansk Authority has received approximately US$106 million in funding from the Connecting Europe Facility for the implementation of this project for the period
Port of Montreal receives US$110 million investment for the Contrecœur terminal The Montreal Port Authority (MPA) welcomes the US$110 million contributed to the Contrecœur container terminal project under the National Trade Corridors Fund (NTCF) announced by Canada's transport minister, Pablo Rodriguez. This strategic investment will significantly improve the fluidity of Canada's supply chain. "This financial backing from the federal government sends a strong message about o
Ports of Antwerp-Bruges and Rotterdam to adopt a bunker measurement system from 2026 Bunker vessels in the ports of Antwerp-Bruges and Rotterdam will be required to adopt a bunker measurement system from 1 January 2026. Furthermore, bunker vessels in the two ports must also have a validated system that shows the exact amount of fuel they are delivering to seagoing vessels. This is the result of an independent study conducted in Antwerp, Zeebrugge, and Rotterdam, which highlighted
Clydeport named Green Champion at Glasgow Business Awards Peel Ports Clydeport has won the Green Champion award at the 25th annual Glasgow Business Awards. Announced at 5 October at the gala ceremony hosted by the Glasgow Chamber of Commerce and attended by over 650 esteemed business figures, the Green Champion award celebrates businesses with a dedication to driving forward green initiatives. According to Peel Ports Clydeport, it faced stiff competitio
ONE takes to waterways on celebration of World Clean Up day Ocean Network Express (ONE) mpaign, as part of the ongoing #ONEOcean initiative. More specifically, ONE employees across the globe came together to collect litter and debris from the waterways. This year, as a Healthy Bays Partner for Ocean Conservancy's International Coastal CleanupTM, selected ONE offices utilised the Clean Swell® app to further amplify the impact of their cleanup efforts. Accor
NCFI starts to rise in Week 40 Freight rates for container exports from the Chinese port of Ningbo-Zhoushan stopped falling in Week 40 due to a significant reduction in shipping capacity during the National Day Golden Week beginning on 1 October. According to the Ningbo Shipping Exchange (NBSE), the composite Ningbo Containerized Freight Index (NCFI) was 593.8 points, up 0.8% from the previous week. There were rises on 11 and
Vado-Verona Porta Nuova rail connection launched A new rail connection between the container and reefer terminals in Vado Ligure and Verona Porta Nuova inland port has been established. The twice weekly service is managed by Maersk Italia and operated by Logtainer connect. In particular, the Vado Ligure port system includes the Vado Gateway deep-sea Container Terminal, and the adjacent Reefer Terminal, and is the largest hub in the Mediterranea
DEME firms up landmark offshore wind farm contract in Poland Belgian marine contractor DEME has clinched a substantial cabling contract for Baltic Power, the first offshore wind farm to be constructed in Poland, together with cable makers NKT and TFKable Group. The landmark offshore wind project for DEME in Poland includes the engineering, procurement, construction and installation of both the inter-array and export cables for ...
France secures Qatar LNG supplies French energy major TotalEnergies has sealed a gas supply deal with Middle Eastern liquefied natural gas (LNG) producer QatarEnergy for up to 3.5m tons a year for 27 years. QatarEnergy said it will deliver LNG ex-ship to the Fos Cavaou LNG receiving terminal in southern France, starting in 2026. The LNG volumes will be sourced ...
CIP and SK E&S press ahead with South Korean 99 MW offshore wind farm Danish fund manager Copenhagen Infrastructure Partners (CIP) and its South Korean joint venture partner SK E&S have reached a financial close on the Jeonnam 1 offshore wind project in Korea. The 99 MW offshore wind farm will be located off the coast of Shinan County, Jeonnam Province, in the southwest of Korea, with construction completion ...
Green light for Poland's $5bn offshore wind project Poland's state-controlled Orlen and its Canadian partner Northland Power have reached the final investment decision (FID) to build Baltic Power, Poland's first offshore wind farm. The project is set to boost Poland's energy system through the addition of nearly 1.2 GW. The wind farm will be built some 23 km off the coast, near Leba ...
Maersk McKinney Moller gets Mickey Mouse ears treatment An erstwhile flagship of the Maersk empire has been the first in a series of sister ships to get a lashing upgrade to increase capacity. In total, Maersk has earmarked twenty 18,340 teu sister ships to get lashing upgrades to add 736 teu of capacity, according to Alphaliner, including the installation of so-called Mickey Mouse ...
Liners wait anxiously on Washington's reaction as EU drops antitrust exemption Liner companies are now watching carefully to see if the Federal Maritime Commission (FMC) in Washington DC will follow the lead taken by the European Commission when it comes to container shipping and antitrust rules. Yesterday's announcement from Brussels not to extend the European Union's legal framework which exempts liner shipping consortia from EU antitrust ...
Cameroon-flagged dark tanker adrift off Indonesia A 26-year-old oil tanker, part of the shadow fleet hauling Russian crude, is currently adrift in the Indian Ocean. As first reported by Bloomberg, the 106,547 dwt aframax tanker is located some 300 km west of Aceh, Indonesia, and is signalling that it is not under command - meaning it cannot manoeuvre on its own. ...
Jan De Nul and Hellenic Cables partnership wins Polish wind farm cabling contract Belgian marine contractor Jan De Nul and Greece's Hellenic Cables, part of Cenergy Holdings, have won a contract for export cables that will link the Polish offshore wind farms Baltyk II and Baltyk III to shore. The contract covers the design, manufacture, transport, and installation of four 220 kV HVAC cables with a combined length ...
Rotterdam and Antwerp-Bruges make bunker measuring system compulsory from 2026 European bunkering hubs Rotterdam and Antwerp-Bruges will make the use of mass flow metering (MFM) for bunker vessels mandatory from January 2026, nine years after Singapore imposed a similar directive. The move follows an independent study in both Antwerp and Zeebrugge and Rotterdam, which showed regular quantity issues in the bunker market and the port ...
Maersk and ONE tap yards for up to 25 newbuilds Maersk is being tipped by container shipping analysts at Alphaliner as lining up another series of methanol-fuelled ship orders. Alphaliner is reporting Maersk has put out a request for proposals to build up to fifteen 3,500 teu boxships with Chinese yards in pole to win the order. Last month Maersk held a high-profile naming ceremony ...
Newer engines are emitting more air pollution than older engines, study claims A new study from the International Council on Clean Transportation (ICCT) has found newer Tier II engines have significantly higher nitrogen oxide (NOx) emission rates than older Tier I engines. Moreover, the study found there was no statistical difference in NOx emission rates between unregulated Tier 0 engines and Tier II engines. NOx contributes to ...
Inspirit Capital buys crew transfer vessel owner CWind London-based investment firm Inspirit Capital has acquired crew transfer vessel (CTV) owner CWind from Global Marine Group for an undisclosed sum. Established in 2010, CWind, which lists 12 owned and operated CTVs in its fleet, including the world's first hybrid surface effect ship, CWind Pioneer, completes around 60,000 crew transfers per year to UK and ...
Hornbeck Offshore to complete two MPSVs after settlement US offshore vessel owner Hornbeck Offshore Services has entered into a final settlement agreement with the surety for two multi-purpose support vessels (MPSVs) that had been under construction at Gulf Island Shipyards. As a result, Gulf Island dismissed all claims it asserted against the Louisiana-based firm on account of Hornbeck's termination of the vessel construction ...
Repair yard capacity for engine retrofits questioned With many shipowners looking to follow the lead set by Maersk in pursuing engine retrofits to comply with stricter environmental rules kicking in by 2030 there is debate brewing about available shipyard capacity for the complex operations required. Maersk announced in June another industry first that will see the Danish liner giant retrofit one of ...
Egypt emerges as new hub for Russian oil transfers A new hub is emerging for ship-to-ship (STS) transfers of Russian oil. In the shadow tanker game of whac-a-mole where some areas make headlines and then fade from view, Israeli maritime artificial intelligence firm Windward has identified an area near the Suez Canal in Egyptian waters as a new spot for ship-to-ship meetings. The average ...
Koreans tipped to take over Philly Shipyard Hanwha Ocean, the Korean yard formerly known as Daewoo Shipbuilding & Marine Engineering, is being tipped as making a bid for Philly Shipyard. Korean media reports claim a Hanwha Ocean inspection team has been touring the Aker-controlled American yard this week, and is keen to buy the shipyard with a view to focus on US ...
Trafigura readies green hydrogen supplies at European ports Commodities giant Trafigura Group has bought out H2 Energy Europe with plans to ramp hydrogen production at strategic places across the continent including a Danish port. Plans to build a 1 GW green hydrogen facility in at the port of Esbjerg are progressing, with a final investment decision expected in 2024. In South Wales, H2 ...
The changing face of maritime HR Spinnaker, the maritime recruitment specialist, celebrates 26 years of trading this month with staff providing Splash readers an overview on how HR has changed since the 1990s. Cast your mind back to the mid-nineties. The internet was in its infancy and the only ways to hire staff in shipping were to place an advert in ...
IMO must tighten NOx rules, ICCT says The IMO's NOx regulations let engine makers fine-tune their engines to pass emissions lab tests, making them seem cleaner than...
The Lloyd's List Podcast: What does Federal Maritime Commission chair Dan Maffei think about shipping? US Federal Maritime Commission chairman Daniel Maffei returns to the Lloyd's List Podcast this week after a two-year gap between...
Containership charter rates still declining 'The overall tone floating around the market is not encouraging and the expectations for the fourth quarter of 2023 are...
Transmed Shipping chief warns pushing hard on green transition will mean 'bankruptcy and poverty' Measuring reduced fuel oil consumption on vessels over the last generation is a better gauge of green transition, according to...
RMT to ballot on strikes at Royal Fleet Auxiliary Royal Fleet Auxiliary seafarers do an incredibly important job and they deserve to be rewarded with decent pay rises that...
Fears of unintended consequences from removal of block exemption Shippers have been calling for the removal of the block exemption for box shipping. But the long-term consequences remain to...
'Mama doesn't have the bosom to suckle from,' decries Greek shipowner of green fuels Resistance to zero-carbon targets and timelines dominate agenda at shipowners' conference in Cyprus. Stephanos Angelakos later said his figure of...
LR warns lack of global retrofit capacity puts emission targets in doubt Methanol engine conversions are 'imminent', while ammonia conversions are deemed 'more challenging and more distant'
Mass flow meters to be mandatory in Rotterdam and Antwerp-Bruges from 2026 Port authorities coming under pressure to address quality and quantity disputes in the bunker sector have moved to make mass...
Maersk and Ocean Network Express planning more boxship orders Maersk is reported to have put out a tender for 15 sub-panamax ships of dual-fuel methanol specification. Meanwhile Ocean Network...
Sumec cements top Cargill partner status with 12-ship ultramax deal Deal shows Sumec's ambitions to strengthen its position in this market, as it aims to create a Chinese equivalent of...
Trafigura becomes majority owner of green hydrogen firm H2 Energy Europe Trafigura increases commitment in hydrogen firm to diversify its energy supply to place itself better in the energy transition
Daily Briefing Carriers lose fight to keep consortia block exemption regulation | 'Too much FOMO': high premiums draw war risk insurers back...
Coming end to European block exemption evokes mixed reaction from analysts The European Commission's announcement that the Consortia Block Exemption Regulation was "no longer fit for purpose" and will not be renewed when it expires next April blindsided most in the container shipping industry who were expecting a revision of the rule rather than its scrapping.
India-US Indamex 2 service drops Norfolk call as demand pressure persists Hapag-Lloyd and CMA CGM jointly opened the IN2 in September 2021 as a complementary loop to their sought-after Indamex service to capitalize on pandemic-linked demand swings.
Supply-demand imbalance drags down Cosco's nine-month profits The normalization of container shipping markets is being accelerated by a surplus of capacity, with predictable results on the profitability of ocean carriers.
Norwegian Cruise preps $790m bond and cancels Israel calls until 2024 Sneak peak of third-quarter performance shows strong demand but 'operational impacts' from fuel, Maui fires and Israel conflict
Crude tanker rates mount broad surge amid flurry of VLCC fixtures and Atlantic suezmax gains Three key tanker rate assessments see double-digit percentage point gains in a day
HD Hyundai pumps €45m into hydrogen technology firm Investment by South Korean shipbuilding giant will help Elcogen boost manufacturing
Two-day halt for ageing tanker at centre of shadow fleet fears The Turba was listed by vessel tracking sites as not under command for two days in the Indian Ocean
Is an EU probe and sizeable orderbook enough to stop car carrier momentum? Chinese automotive exports are being boosted by domestic electric vehicle production, a trend not expected to slow down
In pictures: Carisbrooke Shipping wins charity golf match after a shotgun start Teams compete to raise money for distressed seafarers around the world
Green shipping corridors face 'make or break' moment Green Seas newsletter on the environment and the business of the ocean reports how experts see first-mover routes at a key juncture when governments need to act
European Commission rips up the rulebook by ending block exemption Decision marks a victory for those who argued the liner sector has fundamentally changed
Marine war risk underwriters take stock of Israel exposure Cruise ship diversions have reduced the risk accumulation in the region
Wah Kwong sets up sustainability division in London as it diversifies investments Offshore wind and AI on the agenda as Hong Kong shipowner searches for new emissions-cutting ideas
Will a shakeup of EU's antitrust laws rock the liner shipping boat? Shippers are cock-a-hoop about the abolition of the Consortia Block Exemption Regulation
Huge profits still on offer in secondhand market as Hafnia snaps up TRF tanker Singapore owner said to have paid $6m more than the vessel cost to order in 2013
Turkish ship recyclers dream of boxship and bulker bonanza Leyal's Ayvatoglu cautions owners to lower residual value expectations for their ships when demolition derby begins
Is an EU probe and sizable orderbook enough to stop car carrier momentum? Chinese automotive exports are being boosted by domestic electric vehicle production, a trend not expected to slow down
Zabrocky on the spot: How International Seaways leader reacted to Frontline deal Sense of humour goes a long way as crude tanker panel breaks down $2.35bn Euronav buy
Marine insurers to step up efforts to improve diversity and inclusion IUMI executive Patrizia Kern-Ferretti says more needs to be done to promote fair and equitable policies in the industry
Joint winner of Global Maritime Forum essay competition proposes worldwide crew pool Worried about shipping carbon footprint? What about air travel for seafarers?
Private debt fund partners with French banking giant for green shipping drive Eurazeo and Societe Generale launch $1.5bn project
DHT forward bookings show how far VLCCs have fallen, but winter upturn is coming Owner reveals lower spot rates for its fourth-quarter deals
Volatility blurs LNG carrier outlook as traditionally busy winter season kicks off But beware - the market could turn rapidly
Shortage of repair yards could leave 20,000 ships still using fossil fuels in 2050 Class society warns lack of capacity could hit shipping's green retrofit ambitions
Trafigura takes control of Swiss green hydrogen producer H2 Energy Europe Commodities group buys out joint venture partner as supply plans ramp up
Latsco says tanker disruption could be 'new norm' as chartering profit rises Greek shipowner's UK division upbeat on prospects for both tankers and gas carriers going into 2024
Russia-linked container ship trades: the feeder market's best hope? Demand for container feeder vessels is ebbing away and smaller sizes face extinction
Norwegian economist seeks to inspire women with Onassis shipping award Professor Siri Pettersen Strandenes has written papers on the impact of environmental regulations and shipbuilding
Japan's MOL taps Indonesian partner for new LNG crew Shipowner looking to secure supply of seafarers to operate its expanding gas carrier fleet
Lois Zabrocky on the spot: How International Seaways leader reacted to Frontline deal Sense of humour goes a long way as crude tanker panel breaks down $2.35bn Euronav buy
War in Israel: The new geopolitical flashpoint for ocean shipping Geopolitics has always been a key driver of global shipping markets. How could the the war in Israel affect rates?
Former Tiger Cool Express execs revive Washington intermodal project Executives for shuttered logistics operator Tiger Cool Express have restarted an intermodal project in Washington state.
UPS flights to Israel still suspended, FedEx and DHL operate UPS has stopped flying to Israel while competitors DHL and FedEx have maintained air service to the country, which is at war.
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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