ABS Wavesight adds ransomware defense and response to its offering ABS Wavesight, the software-as-a-service (SaaS) company launched by ABS last November, is teaming with managed detection and response (MDR) cybersecurity service provider ActZero to deliver operators 24/7 ransomware defense and response. ActZero
Kodiak Enterprise fire: Response continues The unified command responding to the fire that broke out aboard the fishing vessel Kodiak Enterprise on April 10 (see earlier story) said yesterday that firefighting crews from Tacoma Fire Department and
Ports of Indiana-Burns Harbor welcomes first ocean vessel of 2023 Ports of Indiana-Burns Harbor opened the 2023 international shipping season April 11 with the arrival of Polsteam's Isadora, a bulk carrier coming from Ijmuiden, Netherlands, through the St. Lawrence Seaway and Great
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
LEDs could be key to next big antifouling breakthrough A pioneering biocide-free antifouling integrates UV-C light-emitting diodes (LEDs) in a coating scheme that emits just enough light to provide total prevention of bio-fouling accumulation on the protected area. The solution has
Sennebogen's e-hybrid material handlers make unloading ships easy SPONSORED: Since 2002, Gesellschaft für Umweltdienste mbH (GUD) has been successfully managing its business in one of the most important inland ports in Europe and its using Sennobogen to help streamline that
Op-Ed: Smaller vessels get us to zero-emission shipping We've got seven years to keep shipping in line with 1.5oC warming goals. True zero-emission shipping is currently possible for smaller vessels that have the potential to prove that zero-emission shipping is
Fire safety: USCG in crackdown on small passenger vessels Fortunately, there have been no recent incidents on the scale of the 2019 California dive boat fire that killed 34 people. Nonetheless, in a Marine Safety Information Bulletin issued April 6,(MSIB Number:
APM Terminals Pipavav, Maersk and PRCL jointly create new block train service APM Terminals Pipavav, Maersk and Pipavav Rail Corporation Ltd (PRCL) will jointly provide a customised block train service for a single consignee - Tinna Rubber and Infrastructure. The new service, according to APM Terminals, is going to operate via the fast, secure and more sustainable Dedicated Freight Corridor (DFC). The first 48-wagon rake of specialist Spine Cars arrived at APM Terminals Pi
Sea-Intelligence sees shifts in diversity in carriers' reliability As schedule reliability is one of the many competitive elements in the shipping industry, the relative performance of shipping companies could partly represent their competitive positioning, according to Sea-Intelligence. Alan Murphy, CEO of Sea-Intelligence, believes that in a market that is sometimes accused of being purely a commodity, the relative performance of the shipping lines does indeed
Western Australian ports close as Cyclone Ilsa nears Ports in Western Australia began shutting or reducing operations from 11 April, in anticipation of Cyclone Ilsa making landfall this afternoon local time. In Fremantle, Western Australia's main container port, almost all the ships have moved to take shelter in the anchorages. Australia's Bureau of Meteorology said that as of 11.38 am local time today (13 April), Cyclone Ilsa was 245km north of Po
NWSA reports inaugural shore power plug-in at Terminal 5 MSC Brunella is the first vessel to plug-in into Northwest Seaport Alliance's (NWSA) Terminal 5 shore power infrastructure. On 10 April, the commissioning phase of the Terminal's shore power project component was finalised as the nearly 9,000 TEU vessel successfully utilised clean energy from the City of Seattle's electrical grid to power the vessel while at berth. Terminal 5 has shore power capa
Brookfield Infrastructure to acquire Triton for US$4.7 billion Brookfield Infrastructure Partners L.P. (BIP) aims to buy the world's largest lessor of containers Triton International Limited (TRTN) for approximately US$4.7 billion. The transaction will be completed through BIP's subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners (collectively, Brookfield Infrastructure), reflecting a total enterprise value of approximately
Soft first quarter for Port of Los Angeles The Port of Los Angeles processed 623,234 TEUs in March, while for the first three months of 2023, the Californian port handled 1,837,094 TEUs, down 32% compared to the 2022 same period. In particular, the major US container port reported that its loaded imports reached 319,962 TEUs in March, down 35% compared to the previous year's same month. Additionally, loaded exports recorded 98,276 TEUs, a
COSCO Hamburg terminal deal in doubt after Germany's second thoughts Germany will reevaluate its decision to allow COSCO Shipping Ports to purchase a 24.9% stake in Hamburger Hafen und Logistik AG (HHLA) Container Terminal Tollerort (CTT), a major box terminal in Hamburg. A spokesperson from the economy ministry of Germany stated that the government will examine its decision again, as the conditions have changed. Tollerort terminal was classified as critical infra
Record high orderbook signals container fleet changes in coming years In a recent report, BIMCO's chief shipping analyst Niels Rasmussen pointed out that the container orderbook has reached record levels despite the current collapse in freight rates. The record-high container orderbook of 7.54 million TEUs signals a significant change in the global fleet, according to the analyst, who said that "despite the collapse in freight rates, shipowners still have an appeti
HDR to complete final design for Long Beach new on-dock rail facility The Board of Harbor Commissioners of the Port of Long Beach has voted to extend HDR's contract for the creation of the final design for the US$1.567 billion Pier B On-Dock Rail Support Facility. According to the Californian port, the deisgn is expected to be completed until 2027 and the project is anticipated to create a new on-dock facility to streamline the movement of goods via rail rather tha
ICS, CSA and Chinese officials enter new era of collaboration The International Chamber of Shipping (ICS) chairman Emanuele Grimaldi met with Feng Bo, the executive vice president of COSCO Shipping, who received the ICS delegation on behalf of the China Shipowners' Association (CSA). This meeting aimed to pave the way forward for a closer working relationship between the ICS and China. Especially, Emanuele Grimaldi met with Feng Bo, along with the new ICS B
Traffic started on new container line between Sweden and Iceland For the first time, a vessel of the Dutch shipping company Samskip set sail from APM Terminal's short-sea terminal in the Port of Gothenburg. Samskip's ship, Helgafell, arrived in Gothenburg last week on 5 April, before departing for the Faroe Islands and Iceland via Aarhus, Denmark. Helgafell will now call at the Swedish port once a week and then will sail to Faroese Runavik and Reykjavik in Ice
Odfjell places its tankers under the microscope Norwegian chemical tankers owner Odfjell has tapped Danish environmental engineering firm ReFlow to carry out a lifecycle assessment (LCA) of its vessels, as part of its commitment to sustainability and decarbonisation. Described as the first commercial tanker LCA, the move is expected to provide insights into the life-cycle emissions of the vessels, from production to ...
CMA CGM steps up startup scene commitment France's CMA CGM has strengthened its commitment to the startup incubator Zeabox, initiated by its chairman Rodolphe Saade and partners in 2018. The Marseille-based shipping giant has announced the launch of Zebox Ventures, a seed fund that aims to invest in around 50 startups every year. The seed fund will cover optimised shipping and logistics, ...
Navigator adds final ship under Greater Bay ethylene carrier venture A joint venture between New York-listed handysize gas carrier owner and operator Navigator Holding and its Chinese partner Greater Bay Gas has acquired the last of its scheduled five ethylene vessels. The JV, owned 60% by Navigator and 40% by Greater Bay Gas, has added the 2019-built 22,000 cu m liquefied ethylene gas carrier and ...
Berlin reexamines COSCO's Hamburg port plans The German government is re-evaluating its decision to allow Chinese state-owned COSCO entry into one of the container terminals at its largest port in Hamburg. Hong Kong-listed terminal operator COSCO Shipping Ports was given the green light to acquire a 24.9% stake in Hamburger Hafen und Logistik (HHLA)'s container terminal in Tollerort last October. In ...
Belships swoops for another Japanese ultramax resale Norway's Belships has snapped up another ultramax bulk carrier under construction in Japan lifting its fleet to 35 ships. The 64,000 dwt newbuild should deliver in the fourth quarter of 2025 or the first quarter of 2026. The vessel is financed on a similar structure as the ultramax trio acquired in February - through time ...
Havfram Wind selected for German gigawatt-scale project Norwegian contractor Havfram Wind has been selected as a preferred supplier of wind turbine transport and installation support for RWE and Northland Power's 1.6 GW offshore wind cluster in Germany. RWE and Northland Power are pressing ahead on the deployment of their joint Nordseecluster project which consists of four offshore wind farm sites in the ...
Port strikes take their toll on supply chains and seafarers The number of port strikes around the world has been growing over the past year, causing headaches for supply chain providers as well as distress for seafarers denied shore leave. The number of protests and strikes affecting port operations quadrupled last year to 38 incidents, according to Crisis24, a maritime security consultancy. From trucker stoppages ...
Beng Kuang Marine sells one-third of its Batam shipyard site Singapore-listed Beng Kuang Marine has inked a deal to sell part of its Batam shipyard in Indonesia to Oil States Industries for S$8.64m ($6.5m). The company best known for its offshore activities is offloading around 90,000 sq m or about one-third of its waterfront fabrication yard on the eastern side of Batam Island. In recent ...
Cara Shipping sells a cape Brokers report the first cape sale in April. Cara Shipping, the dry bulk shop of China's Rizhao Steel, is noted selling the , a 12-year-old cape for $25.5m to Greek interests. This is the first sale by the shrinking owner since last autumn when it offloaded its last two ore carriers, the 250,000 dwt Stella ...
Semco Maritime forms strategic partnership with BlueNord Danish contractor Semco Maritime has entered into a strategic partnership with Norway-based energy company BlueNord, also known as Noreco, to jointly identify opportunities in the oil and gas space. The agreement enables the duo to pursue specific scopes such as taking over operation of already existing assets or developing and operating new fields as well ...
Analysts suggest container shipping has troughed Shipping analysts at HSBC have called the bottom of the cycle for container shipping. The latest freight market report from the banking giant makes the case that the sector, in decline since last summer, is now on the way back up. The spot Shanghai Containerised Freight Index (SCFI) climbed 3.6% week-on-week last Friday, its strongest ...
Barakah Offshore unit gets Petronas licence suspension revoked Malaysia's Petronas has lifted the suspension imposed on Barakah Offshore's subsidiary, PBJV, after more than two years. The suspension was lifted on April 6, 2023, Barakah Offshore said in a filing with Bursa Malaysia. "Following the upliftment, any licence renewal application by PBJV is subject to assessment and consideration in accordance with the Petronas' licensing ...
Giant cyclone heads towards Australia's top iron ore port Ships have been ordered to move away from the world's largest iron ore exporting port as the biggest cyclone to hit Australia for many years closes in. Cyclone Ilsa, with winds of up to 275 kmh, is closing in on Port Hedland in Western Australia, with the town issuing a yellow alert, and evacuation centres ...
Vafias preps another spin-off Imperial Petroleum, a spin-off of Harry Vafias-led StealthGas, is making its own spin-off. The NASDAQ-listed company will create a new pure-play dry bulk company, to be called C3is, taking two handy bulk carriers from Imperial Petroleum. "The transaction will enable C3is Inc. to initially focus on the drybulk sector, while Imperial Petroleum Inc. gradually focuses ...
Danes debut new CO2 tanker design Danish ship designer Knud E Hansen has unveiled a new CO2 tanker design. The company stated in a release that the transport of CO2 by ship from captured locations to offshore storage areas, as well as, onshore terminals will be a major industry that requires a new kind of vessel: the dedicated CO2 carrier. Knud ...
Box giant Triton sold for $4.7bn Toronto-based Brookfield Infrastructure Partners is buying Triton International, the world's largest owner of containers, for $4.7bn. "We believe this transaction provides an excellent outcome for all of Triton's stakeholders," commented Brian Sondey, CEO of Triton. The sale represents a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International, Sondey ...
Industry first as GSBN completes proof-of-concept utilising confidential computing to boost global trade finance Hong Kong-based blockchain platform Global Shipping Business Network (GSBN) has completed a proof-of-concept with HSBC bank to harness confidential computing technology through Decentriq Data Clean Rooms in a bid to try and transform global trade finance. The trade finance gap is estimated to reach $2.5trn by 2025, according to the World Economic Forum. One of ...
Three Canadian ports hit by cyber attacks The Port of Halifax in Nova Scotia and the ports of Montreal and Quebec in the province of Quebec were hit by a cyber attack on Wednesday, but cargo continues to move at all three facilities. The ports' websites have been taken out of commission. According to a report from CBC News, the external websites ...
Australia could resume barley trade to China Although a thawing in trading relations is always seen as a good thing for shipping, tonne-mile demand for the dry...
Höegh LNG's ammonia project with Wärtsilä gets funding from Norway Project aims to install a system on board one of Höegh's vessels to lower costs and improve safety
Howden launches marine and energy business in Norway Trading as Howden Norway Marine Energy AS, the business will form part of the local Howden broking operations that have...
CMA CGM expands start-up network Zebox launched in 2018 to boost technology innovations. Venture fund will support up to 50 businesses a year
Box shipping is down but far from out The end of the pandemic boom was inevitable. But industry discipline and capacity management will mean it is well placed...
Imperial Petroleum launches dry bulk spin-off Separating bulkers from Imperial tanker fleet in a 'pure play' vehicle seen as providing 'significant' benefits
Search continues for hijacked tanker off Africa Singapore-flagged chemical tanker Success 9 was hijacked on April 10 off the Ivory Coast
Ince sale marks fall of the world's most prestigious shipping law firm More sadness than schadenfreude for observers as 153-year-old legal outfit finds itself in administration for the second time in four...
Europe's ro-ro cargo ship sector well prepared for decarbonisation European ro-ro cargo companies face shifts in trade patterns and a switch to more unaccompanied trailer movements
US sanctions Türkiye-based shipowners for ties to Russia The latest package of US sanctions against Russia include some Türkiye-based companies that have suspected links to Russian entities such...
Seacon orders two ultramax dry cargo vessels for $83m Newbuilding contracts fit with the Hong Kong-listed company's strategy to renew and expand its controlled fleet
Sabrina Chao and Kenneth Lam launch ship-leasing firm New company is based in Hong Kong to take advantage of the city's legal, tax and regulatory environment for shipping
One seafarer dead, two critical after gas poisoning on vessel in Vietnam Inquiry is focused on possible poisoning linked to gas that can be produced from the microbial breakdown of organic matter...
Daily Briefing Demand does not justify boxship charter market buoyancy, says Habben Jansen | Ince set to enter administration | Black Sea...
Three OSG vessels approved for US Tanker Security Program Overseas Shipholding Group's product tankers are among 10 vessels approved for the program
Port of Los Angeles has 'soft' first quarter amid labour concerns and market uncertainty Recent shutdowns are a reminder that a labour contract is crucial for the port of Los Angeles to regain shippers'...
US ports keen on new funding, but less so on proposed reforms: AAPA The main advocacy group for US ports said the step change in port funding over the coming years will mitigate future congestion and allow for better cargo flow.
ZEBOX broadens startup reach with new hubs in UK, Singapore The addition of a new location in Singapore is meant to help supply chain technology accelerator ZEBOX reach a "strategic gateway to the Asian market," it said.
Shipper-paid spot US truckload rates still dropping The market bottom remains untouched as the all-inclusive average spot rate paid by US truckload shippers fell again in March, declining in lock step with other truckload pricing measures.
Latest push for US shipping reform to test regulatory appetite The long-term impact of container shipping's moment in the sun - and in the crosshairs of regulators - will come down to which of two starkly divergent versions of reality carries sway in Washington in the coming months.
Three Austal USA executives plead not guilty on federal fraud charges Managers allegedly altered books to help company meet equity analysts' earnings estimates
DHT first-quarter performance moderates while second quarter looks strong VLCC specialist says its fleet is earning $75,500 per day in the spot market so far in the second quarter
Major shareholders plan to sue collapsed Ince Group officers for 'misleading statements' Investors intend to file a claim against the collapsed law firm's senior management
'A blinking red light': US grapples with mariner 'shortage' as military readiness questions loom large Maritime administrator raises doubts about ability to crew Ready Reserve ships amid seafarer shortage
Hamburg law firm ANCON BLUE distances itself from Ince's woes The Ince Group's former German partner says it is not affected by law firm's shock administration application
Himalaya Shipping gets another newcastlemax as viability of LNG fuel draws closer Mount Etna was delivered slightly ahead of schedule from China
CMA CGM ramps up support for Zebox with venture capital fund French liner giant and its partners to invest in 50 start-ups per year
Insurer Gard puts out drug alert on Mexican ports Ships and crew have been detained for months after the discovery of drugs
Streetwise: Product tanker stocks paused in Q1 while crude, container ships rallied This week's Streetwise takes a look at trends and stories underlying the stock performance of 24 US-listed shipping companies in the year's first quarter
IMB calls for 'robust' action as Gulf of Guinea piracy ramps up Latest incidents come despite a reported drop in attacks in the first quarter of the year
Hoegh LNG banks Norwegian cash to develop hydrogen fuel for floating terminals Owner teams with Wartsila for project to convert ammonia into green bunkers
Itochu invests in Purus Marine with a view to co-owning ships Japanese giant to focus on decarbonisation with rapidly expanding UK partner
Kenneth Lam lines up deals for new ship leasing company as investors commit funds Banker tells TradeWinds his venture with Sabrina Chao will focus on eco secondhand vessels initially
KCC heads for record combination carrier earnings in first quarter Preliminary figures suggest Norwegian owner's fleet traded well above previous best in 2022
Euronav confident of fending off UniCredit appeal in tanker fraud row Belgian owner has made no financial provision for a case heard again at the English High Court
Broker Howden launches marine and energy business in Norway Marine specialist Frode Lund jumps ship from WTW to head up the new outfit
Extensive damage reported after Samudera and Soechi tankers collide Incident took place off the port of Tanjung Gerem in Indonesia
Belships buys another ultramax bulk carrier resale from Japan This is the fourth Japanese resale acquired by the Norwegian shipowner in 2023 so far
Vafias spinning again as he separates out bulkers from tankers for Nasdaq listing Greek owner's Imperial Petroleum forming new company called C3is to focus on dry cargo
Euronav seeking 'appropriate' way forward through shareholder impasse, Skaugen says Belgian tanker owner's chairman says new board is focusing on future structure of the business
BW LPG expects more growth as it reveals first profit from trading division BW Product Services enjoys a positive first quarter of operations, Singapore VLGC shipowner says
Singapore's Beng Kuang Marine to sell Batam shipyard stake Listed company says transaction will significantly improve its liquidity position
MOL named as shipowner behind DSME LNG carrier order Vessel is the second LNG carrier ordered by the Japanese shipping giant at the Okpo-based shipyard this year
MOL named as owner behind an LNG carrier order at DSME Vessel is the second LNG carrier ordered by the Japanese shipping giant at the Okpo-based shipyard this year
European tanker owners make a fortune off Russian oil trade More Western tankers are jumping into the Russian trade - legally, under the price cap - to pocket big freight premiums.
Delta Air Lines' cargo revenue retreats in soft freight market Delta Air Lines made less money from cargo during the first quarter than a year ago - or any quarter in between. Similar results are expected when other airlines report results.
Container lessor Triton to go private in $13.3B deal Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Former Polar Air Cargo executives charged in $52M fraud scheme Four former executives at Polar Air Cargo were indicted on charges of defrauding the company through an elaborate kickback scheme.
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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