VIDEO: Hydrotug 1 set to start operations The Port of Antwerp-Bruges and CMB.TECH today announced that Hydrotug 1, the world's first hydrogen-powered tugboat, is ready to start operations in the Antwerp port area. While a lot of attention has
Houthi missile hits Norwegian tanker Strinda Yemen's Iran-backed Houthis are escalated the attacks on merchant shipping that began with the hijacking of the car carrier Galaxy Leader. Yesterday, the group followed up on a threat to target all
Star Bulk and Eagle Bulk to merge Athens-headquartered Star Bulk Carriers Corp. (NASDAQ: SBLK) is to acquire Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE: EGLE) in an all-stock merger on a Net Asset Value to Net Asset Value
Choosing the Right Storage Facility: A Comparison of Options If you want to make sure to choose the best possible storage facility to store your things, there is a list of factors that you should take into account. Consider the correlation between your requirements for the storage unit and the cost. Factor in location, size, cost, security, accessibility and conditions when making your choice. Embarking on a new adventure, pursuing a passion, or expanding
ClassNK issues AiP for Advanced Maneuvering Assistant System ClassNK has issued an Approval in Principle (AiP) for the "Advanced Maneuvering Assistant System", the core technology for the autonomous navigation system, developed by Kawasaki Kisen Kaisha, Kawasaki Kinkai Kisen Kaisha, Japan Radio Co. and YDK Technologies Co. The Advanced Maneuvering Assistant System automatically generates some routes for avoiding a collision with other ships on a monitored
X-Press Feeders to launch green routes to Baltic and Scandinavia X-Press Feeders, the world's largest independent common carrier, plans to lead the global maritime industry by using dual-fuel vessels, powered by green methanol, to create "green routes" early next year to the Scandinavia-Baltic region of northern Europe. The company, which operates more than 100 ships, has 14 dual-fuel vessels on order and due for delivery from next year's first quarter through
AD Ports and Masdar to explore development of green hydrogen hub within KEZAD AD Ports Group and Abu Dhabi Future Energy Company PJSC - Masdar, the UAE's clean energy powerhouse, have announced the signing of a Memorandum of Understanding (MoU) on the sidelines of the UN Climate Change Conference, COP28, in Dubai. Under the terms of the agreement, AD Ports and Masdar will jointly explore the development of a green hydrogen production hub within the Khalifa Economic Zones A
WinGD, Alfa Laval partner to advance ammonia-powered engine development Alfa Laval and WinGD have established a partnership in which Alfa Laval will deliver two fuel supply systems (FSS) for testing WinGD's ammonia-fuelled engine in early 2024. To advance the use of zero-carbon fuels, WinGD is at the forefront of developing ammonia-fuelled engines, with the recent achievement of the first-ever Approval in Principle (AiP) from Lloyd's Register for their X-DF-A dual-fu
Cyprus backs action on Red Sea shipping attacks Following the latest missile attack off Yemen, the Cyprus Shipping Chamber (CSC) has called on countries with influence in the Red Sea region to take action to protect mariners' lives and the ships they sail in from missile attacks from Houthis based in Yemen. A Norwegian-owned tanker was hit by an anti-ship cruise missile fired by the Houthi movement at 9 pm GMT on 11 December, with a Houthi spo
MacGregor secures major order for Höegh Autoliners PCTCs MacGregor, a division of Cargotec, has secured a significant order to provide comprehensive RoRo (Roll-on/Roll-off) equipment for an additional four Aurora class Pure Car and Truck Carriers (PCTCs) by Höegh Autoliners. These vessels, designed to accommodate multi-fuel and zero-carbon technologies, will expand Höegh Autoliners' newbuilding programme for the Aurora class to a total of twelve ships,
Dongwon plans building sale to raise HMM acquisition monies Dongwon Group, one of two groups vying to acquire South Korean flagship container line HMM , is reportedly planning to sell its office building in Seoul to raise funds for its bid. South Korea's largest fishing group is understood to have offered KRW6.4 trillion (US$4.97 billion) to buy HMM. The other bidder, South Korean poultry processor and Pan Ocean parent Harim Group is known to have offered
Asia-Europe rates gain from Christmas rush Gains in Asia-Europe freight rates are likely to be sustained throughout December as shippers rush out goods before Christmas, according to Linerlytica's latest report, released today (12 December). On 8 December, the Shanghai Containerised Freight Index showed that Asia-North Europe rates gained 9% to US$925/TEU, while Asia-Mediterranean rates went up by 10% to US$1,387/TEU, marking a second str
Hapag-Lloyd announces new GRI from India and Pakistan to US East Coast German container line Hapag-Lloyd has announced the following new general rate increase (GRI) / general rate adjustment (GRA) from India and Pakistan to the East Coast of the United States. India to US East Coast: US$500 per container Pakistan to US East Coast: US$200 per container This GRI/GRA will apply to cargo transported in 20' and 40' dry, reefer and special containers, including high cube
Knorr-Bremse, Nexxiot introduce digital connectivity solutions for the rail industry Swiss Asset Intelligence specialist Nexxiot and Knorr-Bremse, a provider of braking systems and other systems for rail and commercial vehicles, are collaborating to develop an innovative range of intelligent products tailored for connected passenger and freight trains. Through these solutions, Knorr-Bremse is laying the groundwork for robust digital business models in the areas of connectivity, c
ITIC warns of multi-billion EU ETS impact on shipping industry The International Transport Intermediaries Club (ITIC) expects a substantial financial impact, potentially reaching billions, on the shipping industry due to the European Union's (EU) forthcoming Emissions Trading Scheme (ETS). Scheduled to be enforced from 1 January 2024, the extended EU ETS will impose an annual absolute limit on greenhouse gas (GHG) emissions for vessels with a gross tonnage (
Yinson Production closes $500m financing Yinson Production has secured a five-year corporate loan of up to $500m. The Singapore-based unit of the Malaysian Yinson Group said it plans to use the proceeds to refinance certain existing debt and for general corporate purposes, with a portion specifically designated to fund its green initiatives to reduce emissions and decarbonise the FPSO sector. ...
Reach Subsea secures Equinor vessel work in Brazil Norwegian offshore services player Reach Subsea has won a contract together with its Brazilian partner OceanPact from Equinor for combined light construction, inspection, maintenance, and repair and survey services on the Peregrino field offshore Brazil. The project has a duration of about 45 vessel days and is assigned as part of a contract that is ...
Transocean scores $251m semisub contract in the Romanian Black Sea Swiss-based offshore drilling giant Transocean has landed a contract worth $251m with OMV Petrom for its semisub rig . The 2009-built rig has been fixed for work in the Romanian Black Sea for at least 540 days at $465,000 per day, excluding full compensation for mobilisation and a demobilisation fee. The drilling campaign should start ...
Tristar orders electric hybrid bunker vessel Dubai's Tristar Group has placed an order with Turkey's Akdeniz Shipyard to build an electric hybrid bunker barge for the UAE market. Scheduled to be commissioned in the first quarter of 2025, the vessel will be positioned at the Port of Fujairah. The 750 cu m vessel is designed to house diesel generators as a ...
Jinhui continues clearout of older supramaxes Chinese bulker operator Jinhui Shipping and Transportation has sold another veteran supramax as it eyes younger tonnage. The Oslo- and Hong Kong-listed firm has offloaded the 52,050 dwt Jin Sheng to Uniglory Shipping for about $10.4m. The 2006 IHI-built ship which Jinhui purchased for $40.4m in 2006, is expected to change hands by January 25, ...
AD Ports and Masdar eye hydrogen hub in KEZAD Abu Dhabi's ports and logistics giant AD Ports Group and clean energy developer Masdar have joined forces to explore the development of a green hydrogen production hub within the Khalifa Economic Zones Abu Dhabi (KEZAD). A memorandum of understanding penned on the sidelines of the COP28 in Dubai envisions a hydrogen production hub that will ...
Stena submits takeover bid for Concordia Maritime Restructured tanker company Concordia Maritime's largest shareholder, Stena Sessan, has made a cash bid of SEK9.80 ($0.94) per share to take full control of the company and take it private. The price means a premium of 56% compared to Monday's closing price of SEK6.30. "Concordia Maritime has completed a number of vessel divestments during the ...
Geneva Dry Dialogues: Marcura In the coming months ahead of the inaugural Geneva Dry event organised by Splash, we will be sitting down with key names attending the dry bulk mega summit. In the hot seat today: Jens Poulsen from Marcura. At Geneva Dry next May, an entire afternoon will be spent discussing the digital impact on dry bulk ...
MSC's vintage boxship fleet in the spotlight Mediterranean Shipping Co (MSC), the world's largest containerline, has many records to its name, including the largest orderbook, but also paradoxically the oldest fleet among the top 15 carriers. According to data from Linerlytica, the Soren Toft-led line has a fleet with an average age of 16.8 years, while Maersk has the oldest fleet on ...
NYK sends its fleet of Moss-type gas carriers in for refurbishment Nippon Yusen Kaisha (NYK) is carrying out a major refurbishment of its ageing fleet of Moss-type LNG carriers. The Japanese shipowner is working with compatriots Namura Shipbuilding and Sasebo Heavy Industries to replace the main propulsion on the steam turbine-driven ships to LNG dual-fuel diesel engines. Moss-type LNG ships feature spherical gas tanks and were ...
X-Press Feeders unveils first methanol dual-fuel ship built in China X-Press Feeders, the world's largest independent common carrier, has unveiled what the first of 14 methanol dual fuel ships looks like, with plans to create a green feeder network in the Baltic. The vessels - under construction in China - are 1,200 teu in capacity with a length overall of 148 m. The first dual-fuel ...
Houthis fire cruise missile at Norwegian chemical tanker A Norwegian-owned chemical tanker was struck by a cruise missile yesterday while passing through the Bab-el-Mandeb strait. US Central Command identified the ship as the Strinda, reporting the ship suffered a fire onboard, but no crew were injured. The US military said the Houthis were responsible for the attack on the Norwegian-flagged ship that was ...
US sanctions Russian-linked ships and firms amid arms trafficking allegations Half a dozen shipping companies and vessels have been blacklisted by the US in its latest round of sanctions against...
Star Bulk will aim to consolidate further after Eagle has been landed Merger between Star Bulk and Eagle Bulk aims to increase liquidity of the Star Bulk share and attract more investors...
US lawmakers propose biofuel bunkering subsidy US lawmakers propose bipartisan act to boost biofuel use in the shipping industry, as previous subsidy package does not cover...
Alfa Laval to develop ammonia and methanol supply systems for MAN four-stroke engines Engine designers MAN and WinGD will use Alfa Laval fuel systems in their dual-fuel engines, as the technology companies rush...
US agencies highlight Suez Rajan prosecution in new compliance note First compliance note issued by five agencies is a 'shot across the bow,' by US authorities and shows a broader...
Lloyd's List recognised at 2023 Seahorse Awards Michelle Wiese Bockmann was named 'Feature Journalist of the Year' and Bridget Diakun 'Multimedia Journalist of the Year'
The week in charts: Top 10 flag states| Red Sea activity levels normal | Ukraine's Danube port turnover nears 30m tonnes Liberia Shipping and Corporate Registry takes top spot in flag ranking, PCTCs orderbook reaches 166 vessels, and port of NY...
Brit pulls out of marine liability Lloyd's re/insurer withdraws from writing fixed premium P&I and associated lines
Panama flag Iran links raised by US lawmakers The Panama Maritime Authority has been complicated in facilitating Iran's 'ghost armada' shipping sanctioned oil. Congressmen are calling for the...
Norwegian chemtanker attacked by Houthis in Red Sea The US and French navies helped chemical and oil tanker Strinda to safe waters after it was struck by a...
Greener pastures still distant for shipbuilders One may expect yards to be over the moon with hefty order backlog throughout to 2027 or even 2028. Apparently...
Norway's Ro Marine cancels P&I coverage for tankers breaching Russia sanctions One tanker that misrepresented its voyage and cargo details was 'cancelled with immediate effect' and is at anchorage after arriving...
Daily Briefing One Hundred People 2023: Industry influencers adjust outlook as the difficult detail kicks in | Questions raised over dark fleet...
Shifting geopolitics, climate and labor ratchet up risk for container shipping Container shipping is hardly the only industry to feel the impact of organized labor's bargaining power, nor is it unique in dealing with heightened geopolitical flashpoints or regulatory pressures tied to decarbonization, writes Journal of Commerce Executive Editor Mark Szakonyi.
North Carolina port expands reefer operations with cold treatment facility The facility sets up the Port of Wilmington to become a key point of entry for importers of refrigerated blueberries, grapes, apples, pears, citrus and a broad variety of organics.
Shifting geopolitics, climate and labor rachet up risk for container shipping Container shipping is hardly the only industry to feel the impact of organized labor's bargaining power, nor is it unique in dealing with heightened geopolitical flashpoints or regulatory pressures tied to decarbonization, writes Journal of Commerce Executive Editor Mark Szakonyi.
Overcapacity, larger ships mean challenges for carriers, pain for shippers It's looking like 2024 will follow a familiar script for container shipping, with ocean carriers facing down market challenges by taking action that typically disadvantages their customers, writes Peter Tirschwell.
India-US carriers raise GRI hopes for 2024 amid export rebound signs Despite Indian exports picking up, there is skepticism about a rosier 2024 in the wake of multiple potentially disruptive events unfolding in the container shipping industry, including Panama Canal restrictions and recent attacks on commercial shipping in the Red Sea.
Vessels report armed helicopter and skiff in Bab al-Mandeb Strait after Red Sea attack Aircraft 'likely' accompanying Yemeni-type vessels with rocket launchers
Eagle Bulk shares soar 11% as investors react to Star Bulk buyout Connecticut shipowner moves closer to deal price and its net asset value after lagging during 2023
Hydrotug 1 christening underscores Saverys' commitment to hydrogen 'Largest hydrogen dual-fuel vessel' named in Antwerp
'Alarming and unacceptable': Norway urges action on Red Sea incidents after ship attacked New look at threat level for Yemen's coast
Dubai's Tristar heads to Turkey for hybrid electric tanker newbuilding Middle East owner contracts Akdeniz Shipyard to build ship for Fujairah bunkering operations
Mowinckels says attacked tanker had 'tentative' deal to lift cargo in Ashdod Norwegian co-owner decided to hold information back until vessel and crew were safe
'Push limits and build dreams' at Posidonia's new cycle challenge Interunity's Dimitris Nikolakis is promoting a new cycling event on the weekend before Posidonia next June
War Risk rates set to explode as underwriters fear more Houthi attacks Joint War Committee will meet this week following attack on Norwegian tanker
Sohmen-Pao and Oslo exchange leave the door open despite departures BW Group could consider further Oslo listings if it moves to list more companies
Oslo bourse CEO hopes stability will bring fresh shipping listings Uncertainty has kept companies from Norwegian IPOs in 2023, a trend the exchange hopes will ease next year
Petronas lines up Fratelli Cosulich LNG bunker vessel Looming shortage of supply of specialised vessels is forecast from 2026 as dual-fuel ships deliver
Jinhui sells veteran bulker after chartering in modern First Steamship kamsarmax Hong Kong owner continues to renew fleet, with more deals likely
CMB linked to multiple capesize clearout as raft of newbuildings await Saverys bulker arm Bocimar is said to be raising over $80m by divesting four capesizes to two Chinese players
Listed shipowners lift values as Clarkson Securities identifies 'rising tide' for shipping Analysts say paying down debt has helped companies boost cash flow and reserves
Pile into Tsakos due to 'unsustainable' low share price, Fearnley Securities urges Investment bank starts coverage of Tsakos Energy Navigation with a 'buy' rating
Norden linked to MR tanker sales at way above newbuild price 10 years ago Reported deal for 2015-built pair illustrates stunning secondhand deals still on offer for owners
Jiangnan Shipyard and Bureau Veritas join forces to work on digitalisation and 3D design 3D technology is the future of the maritime industry, companies say
NYK and shipyards advance plan to flip propulsion system on LNG carriers Trio working on design to replace steam turbine propulsion with dual-fuel diesel engine
Israeli port website blocked after update claimed Strinda was due to arrive Ashdod had listed chemical tanker among the vessels heading there
'We will not hesitate': Houthis reaffirm threats on Israeli-bound vessels Yemen rebels claim to have diverted 'several ships' from approaching Israel
Strict new UAE ship recycling law aims to lift bar well above global rules Regulation banning beachings and landings is applicable to both UAE and foreign-flagged ships
Concordia backs Stena takeover offer with ship values just too high Reconstituting the Swedish owner would need shareholder cash, directors say
Jiangnan Shipyard and BV join forces to work on digitalisation and 3D design 3D technology is the future of the maritime industry, companies say
Star Bulk becomes top dog with knockout $500m Eagle Bulk buy Star Bulk's Petros Pappas to lead combined $2.1bn shipowner with 169 bulkers
EU ditches Russian tanker sale ban after pressure from Mediterranean countries Southern European owners feared being at a competitive disadvantage from putative new measure
Houthi missile hits Norwegian chemical tanker off Yemen Fire was extinguished and ship's Indian crew is unharmed, says owner J Ludwig Mowinckels
Jiangnan Shipyard and BV join forces to work on shipyard digitalization and 3D design 3D technology is the future of the maritime industry, companies say
MJL Bangladesh to splash out $32.5m on LPG carrier newbuilding Dhaka-based company is heading to Japan to order the vessel, market sources say
Prolific Petros Pappas still a hungry diner, but needs to digest Eagle first Greek goliath's supramax-ultramax fleet set to swell to 80 from acquisition of 52 units
Viewpoint: Norwegian tanker attack signals new threat to global trade The threat to global shipping has grown following a Tuesday attack against a commercial vessel in the Red Sea with no apparent ties to Israel.
FreightWaves' Greg Miller named best shipping news journalist of 2023 Greg Miller of FreightWaves took a top prize at this year's Seahorse Awards for his coverage of how geopolitics intersects with shipping.
Western Global Airlines exits bankruptcy with better balance sheet Western Global Airlines is starting with a clean slate after completing Chapter 11 bankruptcy, but still faces difficult market conditions.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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