MSC World Europa: Green as well as glitzy MSC Cruises largest ship the 1,094 feet, 6,762 passenger MSC World Europa, is starting its first summer season in the Mediterranean after arriving from the Arabian Gulf this week and the cruise
BAE Jacksonville breaks ground for $200 million Pearlson Shiplift complex BAE Systems officially began construction of a new Pearlson Shiplift and land-level repair complex at its Jacksonville, Fla., shipyard with a groundbreaking ceremony yesterday. The company first revealed its plans to build
Suspected unauthorised boarding of Singaporean oil tanker The Maritime and Port Authority of Singapore (MPA Singapore) found that unidentified persons boarded the Singapore-registered oil tanker Success 9 about 300 nautical miles off the Abidjan Coast, Cote d'Ivoire. The incident occurred on 10 April 2023 at around 10 p.m. (Singapore time). There are 20 crew members of various nationalities onboard the vessel, of which one of them is a Singapore citizen
MSC enhances Australia Express Service MSC announced the improvement of its Australia Express Service (AEX) with a direct call at Ennore (Chennai) on the Westbound leg to be introduced from June 2023. MSC said the new call at Ennore will provide the company's customers with improved export connections to European ports and a direct import connection from Australia and Singapore. Additionally, the service will continue to call at Colom
Port of Santos sets monthly traffic record in March Santos Port Authority (SPA) reported that the total flow of cargo reached 15.3 million tons in March, which is slightly improved compared with the figures in the same month last year, achieving the best monthly performance in its history. "The result obtained demonstrates that the Port continues on the path of increasing efficiency and productivity, consolidating its vocation as the largest port
New quay cranes to enhance DP World Antwerp Gateway DP World Antwerp Gateway has received three new quay cranes, aiming to expand and modernise the Beglian terminal. The cranes, which can handle up to a width of 26 container rows on a ship, were constructed by the Chinese crane builder ZPMC and will join a network of 10 cranes at the DP World terminal on the eastern side of the Deurganck dock. The new equipment is part of DP World's US$220 million
ONE revises Africa service network Ocean Network Express (ONE) has decided to integrate its Africa Rainbow Express (ARE) service into its Africa Rainbow Shuttle (ARS) service. The Singapore-headquartered box line said that its global network, which will connect with the Africa Rainbow Shuttle service at Tangier, will now provide guaranteed connections to/from the North-West Continent ports and the Mediterranean ports. The new rota
European box lines increase reefer capacity, MSC secures top spot Alphaliner's latest report said that European container carriers can use more of their overall capacity to carry reefers. MSC has the highest reefer capacity, with 496,200 reefer plugs in the 746 ships the Swiss-Italian market leader operates. MSC has grown its reefer capacity in tandem with its aggressive vessel acquisitions. Back in April 2022, Maersk was in the top position, despite the fact t
HMM cuts carbon emissions by half in last decade HMM reduced the CO2 emissions generated when transporting 1 TEU of container for 1km to 29.05g in 2021, from 68.7g in 2010, representing a reduction of 57.7% over the last decade. This result has been achieved amid a more than two-fold increase in fleet capacity, from 337,407 TEUs to 755,209 TEUs, in the same period. HMM said it has constantly upgraded its fleet by securing energy-efficient mega-
MSC and Costamare to jointly fund California oil spill settlement The largest container carrier in the world MSC has entered into a settlement agreement with the subrogated insurers of Amplify Energy Corp related to the 2021 Orange County oil spill incident. According to MSC's statement, the settlement amount will be jointly funded by MSC and Costamare "without admission of responsibility or liability for the environmental damage that took place due to Amplify'
CMA CGM enhances inland coverage of Nigeria CMA CGM has announced the launch of the new product Land Transport through the port of Lekki in Nigeria, a newly inaugurated call on its WAX service. The new call at Lekki Port will be effective from May 2023 and the French ocean carrier said the opening of this new corridor is expected to provide land transportation solutions for cargo from/to Asia, Bangladesh, East Coast of India to/from more i
How to Build a Professional Network While in College Networking... some youngsters start panicking when they hear that word. Maybe because it reminds them of something like community service. Well, unlike community service, networking happens voluntarily. You may not want to network, but you end up running into more problems from that as a result. Like community service, you're not getting paid for building a network. Unlike community service, networ
How to Use Your Essay Writing Skills After College So, you've survived college (congrats, by the way), and now you're wondering how to use those awesome essay-writing skills you've developed in the real world. Well, you're in for a treat because we're about to spill the tea on some seriously cool ways to capitalize on your writing expertise. First of all, there are a lot of services that cooperate with professional authors. You have probably sear
How to Make the Best Use of Your New iPad for Studies Hey there, fellow students! Ever wished you could turn your new iPad into the ultimate study sidekick? Well, you're in the right place! We've got the lowdown on the most amazing tips and tricks to help you ace your studies with your trusty iPad. So, buckle up and get ready to become a study superstar! But first, let's set the scene: imagine you're sitting in your favorite study spot, armed with j
5 Tips to Be Taken Seriously as a Young Person in the Military The military is a harsh world. The way people treat you is inevitably based on your rank or combat experience. It is no secret that young recruits get it hard. Oftentimes superiors can abuse their power and go beyond allowed limitations with insults. Still, the military is designed for war, so the ways to maintain discipline would be different from civil life. At the same time, it is possible to
Vopak acquires 50% stake in EemsEnergyTerminal Gasunie and Vopak entered into a principle agreement according to which Vopak will acquire 50% of the shares in EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Netherlands. This transaction will be subject to a number of conditions, including approval from the competition authorities and is scheduled to be completed latest by 1 October 2023. Gasunie developed this new f
Port of Rotterdam reports emission decline in 2022 CO2 emissions from industry and power plants at the port of Rotterdam have been cut by 1 million tonnes (4.2%) in 2022 compared to 2021. After a rise in 2021, this decline returns emissions to 2020 levels. The chemical industry and industrial gas producers were mostly responsible for the reduction, as they lowered their output due to rising natural gas prices. As a result, they released 0.8 milli
Ince poised to enter administration UK maritime law firm Ince is set to enter administration after losing the support of a major creditor. The financially troubled London-listed firm, whose shares have been suspended since the start of this year, has been looking to secure backing from its major lender and other creditors, including HMRC. However, in a filing on Wednesday, ...
Diana Shipping and OceanPal charter out bulkers Hot on the heels of its ultramax fixture with IMC Shipping, Greek bulker owner Diana Shipping and its spinoff OceanPal have both announced new charter agreements. The Semiramis Paliou-led Diana with a fleet of 42 bulkers has fixed its 2013-built post-panamax Electra to Cobelfret until June 2024 at $14,500 per day or around $5.93m. The ...
Itochu targets low-carbon assets with Purus Marine investment Japanese trading house Itochu Corp has invested in UK-based Purus Marine, an expanding shipowning company focused on low-carbon shipping investments. Established in 2020, the Julian Proctor-led outfit has already acquired a fleet of more than 60 vessels in the ammonia and LNG sectors, battery hybrid offshore wind vessels as well as carbon capture and scrubber-fitted ...
Fugro secures French floating wind survey work Fugro has won a contract from RTE (Réseau de Transport d'Electricité) to carry out a geotechnical investigation for future offshore substations at two floating wind farm sites in the Gulf of Lion in the Mediterranean Sea. The Dutch surveyor has mobilised its 2002-built vessel to perform a series of deep geotechnical boreholes to acquire data ...
Maritime charity Stella Maris names new CEO Maritime charity Stella Maris has appointed Tim Hill as its new national director and CEO. Hill has served in the British Army for the last 35 years and was made a Member of the Order of the British Empire (MBE) in 1995. Effective June 1, he takes over from Martin Foley, who has held the ...
Shipmanagement Market Report 2023 Splash's annual shipmanagement special returns, looking at how the sector will transform over the course of the 2020s. Consolidation, digitalisation and the growing swathe of regulations coming shipping's way are all under the microscope with the views of more than 200 top executives carried in this 68-page special. Click here to access the full magazine.
Hayfin Capital's Greenheart taps green tech retrofits for carbon credits UK-based Greenheart Management, a subsidiary of Hayfin Capital Management, has teamed up with green tech business Njord and maritime consulting firm Marsoft to gain access to carbon credit revenues for reducing emissions. "In a first-of-its-kind collaboration, we are introducing a new financing vehicle, which we believe will accelerate technology adoption and emission cuts," said Frederik ...
Chinese steel demand proving elusive this year Owners already alarmed by the underwhelming state of the capesize markets in recent months must now brace for a disappointing steel season out of the sector's most important nation, China. "Chinese steel prices have been under pressure recently, which appears to be impacting momentum in the capesize market," analysts at Jefferies suggested in a note ...
Sabrina Chao and Kenneth Lam set up ship leasing vehicle in Hong Kong Two of Hong Kong's well-known shipping names have teamed up to establish a ship leasing firm. Sabrina Chao, a seasoned shipowner and currently the president of BIMCO, has co-founded SeaKapital with Kenneth Lam, who up until recently headed up Credit Agricole Asia Shipfinance. "Through ship leasing, SeaKapital is to provide LT sustainable and responsible capital ...
Simply Blue venture floats 2 GW Iberian wind scheme IberBlue Wind consortium has revealed plans for two floating offshore wind farms off the Atlantic coasts of Portugal and Spain with a total capacity of nearly 2 GW. The Juan Sebastián Elcano and Creoula floating projects are located off the coasts of Pontevedra and Viana do Castelo and will have approximately 109 turbines and cover ...
Shades of grey overshadows dark fleet Tanker experts at BRS argue in their latest weekly report that shipping should no longer refer to the non-mainstream flotilla of tankers as a shadow fleet. With so many nuances, BRS says that the dark fleet ought to be now referred to as the grey fleet in which there are several shades. Click to enlarge ...
Four injured after fire on Trinidad offshore platform A fire broke out on an oil platform offshore Trinidad's east coast, injuring four workers, operator Trinity Exploration & Production said on Wednesday. The "generator-related" blaze occurred on the Bravo platform in the Trintes field on Monday. Production was halted, the fire was extinguished and the crew evacuated. As a precautionary measure, production on other ...
Hin Leong trial gets underway in Singapore The criminal trial of the 81-year-old insolvent Hin Leong founder Lim Oon Kuin, better known as O K Lim, got underway in Singapore yesterday. The former oil trader faces 130 charges involving $2.7bn in alleged fraudulent loans disbursed. Lim pleaded not guilty and the case is set to run through to June at which point ...
EGPN in for chemical tankers at Wuhu Shipyard Multiple brokers are reporting Chinese owner EGPN has ordered four firm plus four optional 18,500 dwt chemical tankers at Wuhu Shipyard. The vessels will be delivered in 2025 and 2026 and are costing $30m each. EGPN was established in Hong Kong in 2014 as a joint venture between Eastern Ocean Transportation, a large Chinese nickel ...
Liquefied carbon dioxide offloading concept study gets underway The Global Centre for Maritime Decarbonisation (GCMD) has awarded its concept study on offloading liquefied CO2 (LCO2) captured onboard ships to Lloyd's Register, supported by their partner Arup. The Singapore-based GCMD concept study will address safety and operational considerations surrounding offloading of LCO2 that has been captured onboard tankers, bulkers and container liners, including ar
Amplify Energy commences restart of operations at Beta field off California coast Amplify Energy Corp. has received the required approvals from US federal regulatory agencies to restart operations at the Beta field off the shore of California near Huntington Beach. The company is resuming production 18 months after the oil spill into the ocean of about 3,000 barrels in October 2021. Initial steps to resume operations will ...
Nearly 60% of expanding dark fleet of tankers classed by Europe, UK or US companies UK-based Lloyd's Register classes nearly 25% of tankers in 'so-called' dark fleet of more than 450 vessels shipping Russian, Iranian...
US prosecutors charge Solvang-controlled Clipper Shipping in pollution case US prosecutors say the chief engineer of the Clipper Saturn falsified the oil record book to conceal an illegal bilge...
Ince set to enter administration Firm founded in 1870 was once seen as the most prestigious of London's top three shipping practices, specialising in hull...
Costamare bulks up new chartering platform Costamare expected to further expand dry bulk operating platform launched just last November
UK shipmanager partners with Njord for energy savings Njord will prepare an energy-saving package for Greenheart-owned vessels that can provide up to 16% of fuel savings, while Marsoft...
Brookfield Infrastructure acquires box lessor Triton Stable cashflows from 7m teu fleet prove attractive. Deal values company at $13bn
GasLog Partners units edge up after merger deal with GasLog Partnership is set to follow the private path taken by GasLog two years ago as merger consolidates a fleet of...
Pain ahead for dry bulk market? Weaker rates, though still profitable, expected to persist through the year, followed by a minor improvement in 2024 and a...
Princess Empress clean-up operations continue in Philippines Claim thought likely to have hit IOPC Funds intervention thresholds, although no public confirmation yet
Demand does not justify boxship charter market buoyancy, says Habben Jansen Slow inventory destocking means any demand recovery will not come until the third quarter of the year. With overcapacity looming...
Vafias-led Imperial Petroleum slashes debt Of the 12 vessels in the fleet, 10 are now debt-free
Türkiye's diesel imports from Russia top 1m tonnes in March Türkiye's diesel imports from Russia rose further in March to reach over 1m tonnes on the back of cheaper prices...
Black Sea Grain Initiative inspections halted on Tuesday, says UN The grain deal, which has facilitated the export of 27.6m tonnes of food products from Ukraine, has been plagued by...
Orders drop at Japanese yards amid softening newbuild market Shipbuilders in the country are facing 'tough competition' from rivals in China and South Korea as the market slows and...
Jera to co-operate with Korea Gas to ensure LNG supply stability Japanese power company Jera and its South Korean counterpart Korea Gas Corp have agreed to explore opportunities for LNG swap...
HMM halves emissions per teu South Korean carrier has used efficiency gains to cut emissions by nearly 60% in a decade
GCMD picks Lloyd's Register for liquefied carbon dioxide offloading study Lloyd's Register was chosen out of six proposals showcasing the concept design for offloading shipboard liquefied carbon dioxide captured on...
Daily Briefing Container freight demand continues to retreat | Cosco container shipping expects 75% decline in quarterly net profit | Rising US...
MSC and Costamare settle with Amplify's subrogated insurers Shipping companies settle with subrogated insurers in relation to the October 2021 Orange County oil spill without admitting responsibility or...
Crowley invests in logistics technology start-up Repowr Partnership with equipment and asset-sharing platform advances Crowley's commitment to sustainability and innovation, says chief executive Tom Crowley
Bollinger awarded US Navy berthing barge contract US Navy awards Bollinger a sixth contract for the construction of a berthing and messing barge. The previous five were...
Demurrage invoicing complications cloud FMC's free time rulemaking process The assessment of storage fees inside a terminal creates competitive pressures among marine terminal operators, their container line customers, and the importers that contract with container lines.
ILA, Halifax port employers reach tentative labor deal Both sides say they won't disclose details of the tentative agreement that would last through 2025 until it has been approved by their respective membership.
April GRIs, service contract moves to reveal 'new' trans-Pacific After the flurry of April contracting action and a rush of cargo to avoid new GRIs, carriers in May will show the industry the extent of their capacity control for their second half of the year, writes Executive Editor Mark Szakonyi.
JOC Rankings: US trucking sector keeps breaking revenue records The 50 largest US trucking companies maintained a two-year double-digit growth streak and may add to that in 2023, despite a slower US economy
Diana Shipping suffers rate cut in post-panamax bulker period deal with Cobelfret Vessel was making $3,000 more per day during previous charter with Refined Success
Ince Beijing shuts down while Singapore ally Incisive sails on Ince in Asia is in disarray with Beijing shutting down and Hong Kong shedding partners, but former ally Incisive in Singapore setting its own course
Turkish shipowner and fleet end up on US blacklist over Russia connections Artvin Denizcilik ve Ticaret and its three bulkers were sanctioned for ties to a previously-sanctioned St Petersburg outfit
Container ship stocks get boost from 'disruption risk' at West Coast ports New York-listed boxship shares continue to trend upward on Wednesday as unionised workers and management hash out new labour contract.
OSG placing three MR tankers in US Tanker Security Program Florida shipowner stands to earn $18m annually as US government initiative gets moving
Green Seas: Appeals court fight brews over collisions between whales and ships off California A judge ruled that a key document over the impact of traffic separation schemes violated the Endangered Species Act. Now the Biden administration wants to overturn that decision, as our weekly environment newsletter explores the latest litigation chapter
Shipping law firm Ince Group goes into administration after major creditors pull support Troubled law firm hopes that a third-party buyer can be found
Zabrocky rakes in $5.4m compensation package on International Seaways rebound Senior management team also sees bump in base salaries for 2023
Weco Shipping posts record profit of $152m as tankers and bulkers prosper Danish manager and owner capitalises on strong markets and vessel sales at the top of the cycle
Sweden's Wisby to expand again after selling 'Rolls-Royces' of tanker fleet Swedish owner says it would not have sold Chinese-built MR pair if partner Rederi Gotland hadn't pushed for deal
Master's detention reflects 'growing criminalisation' of seafarers Alexey Smaznov was arrested in February as Albanian authorities continue to investigate source of oil from ship-to-ship transfer
Back to the futures: John Banaszkiewicz's independent FFA group reveals plans Independent body will look for practical ways to boost liquidity in the fast-growing freight derivatives space
Green tech company Njord strikes new retrofit and finance deal Agreement to improve fuel efficiency of four ships will also develop carbon credit trading plan
Asian liner operators stake out their green credentials HMM halves shipping emissions while Japan's ONE rolls out a tool to measure them
Kenneth Lam and Sabrina Chao team up to launch new ship finance venture Hong Kong-based SeaKapital will source funds for shipowners from a wide range of institutions
China's Taizhou Kouan Shipbuilding secures container ship order from domestic owner Feeder brace worth $72m could be destined for international market
Is shipping's decarbonisation in danger of falling foul of the 'war on woke?' Republican politicians in the US seem to have rattled corporations into reconsidering collaborations on carbon-cutting
Hijacked tanker still missing as appeal goes out to masters for help Vessels in the Gulf of Guinea urged to keep an eye out for Singapore-flagged ship seized two days ago
Teekay's Christian Waldegrave dismisses tanker order concerns as upturn set to last three years Canadian shipowner's research chief says newbuilding uptick is not yet at a level to alter positive outlook
KCC becomes only fifth shipowner member of SSI decarbonisation group Combination carrier company says collaboration is key to meeting climate-change targets
Teekay's suezmax emissions fall but aframaxes hit by ship-to-ship deployment Slower pace of decarbonisation for smaller vessel size blamed on differing trade patterns
Inspection row briefly halts UN's Black Sea grain corridor Bad news comes in thick and fast for the beleaguered initiative to get grain out of Ukraine
Car carrier rates hit new records as delays and volatility increase Hoegh Autoliners says good progress is being made on contract renewals at higher levels
UK shipowner Union Maritime fuels fleet growth with newbuilding deal for chemical tanker quartet Low profile UK-based player has eight firm 18,500-dwt IMO type 2 tankers on its orderbook
Seafarer dies and two more in coma after gas poisoning on bulker Chinese crew members may have inhaled hydrogen sulphide in Vietnam
China's Shandong Shipping splashes almost $400m on kamsarmax bulker newbuildings The state-owned company has ordered a dozen 82,000-dwt ships as part of its fleet expansion programme
Carriers launch new services as sentiment improves, but will rates follow? Ellerman, Cosco and maybe IRISL take the plunge by launching services in different continents
Biggest cyclone in a decade threatens Australia capesize trades Port Hedland began clearing vessels from its inner harbour Wednesday morning in preparation for the storm
MSC and Costamare reach settlement with insurers over California oil spill Container ship companies pay up despite continuing to deny any responsibility for costly pollution event
Biggest cyclone in a decade threatens Aussie capesize trades Port Hedland began clearing vessels from its inner harbour Wednesday morning in preparation for the storm
Ravi Mehrotra's Foresight denies swoop for Chinese-owned VLGC 13-year-old Gas Beryl reported on subjects at $59m by brokers
Solvang's Clipper Shipping facing US charges over pollution in Togo Norwegian shipowning outfit's LPG carrier allegedly dumped machinery space bilge water while at anchor
Port of LA boss: Good Friday work stoppage was 'a call to action' "Simply put, there's no bigger priority right now than this contract agreement," says Gene Seroka of the Port of Los Angeles.
Air cargo portals automate cross-border booking amid neutrality concerns Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
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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