Attempts to free grounded Ocean Explorer remain unsuccessful In a reminder that those who sign up for "adventure cruises" don't always get the sort of adventures they expect, the 104-meter long, ice class PC6, expedition cruise ship Ocean Explorer today
Piriou to build two new vessels for Isles of Scilly ferry services Isles of Scilly Steamship Group is moving ahead with its plans for new vessels for its ferry services between Penzance in Cornwall, England, and the Isles of Scilly, off the southwest tip
Corps awards Monongahela River lock and dam removal contract The Pittsburgh Engineer District has awarded the Joseph B. Fay Company of Pittsburgh, Pa. , a nearly $30 million contract to remove the Monongahela River Locks and Dam 3 in Elizabeth, Pa.
The Critical Role of Expedited Freight in Supply Chain Management In the vast world of supply chain management, the rhythm of goods and logistics exists in a painstakingly precise harmony. This harmony has to work effortlessly on a daily basis, and expedited freight is its conductor in charge of ensuring that the delivery of goods hums along smoothly, even in the face of disruptions. With all that in mind, let's take a deep dive into the fundamental role expedi
RightShip launches updated GHG rating system RightShip, provider of maritime data and transparency, has announced the launch of its enhanced GHG 2.0 Rating - the latest version of its industry-leading maritime decarbonisation product. IMO regulations require that ship owners cut their carbon emissions such that international shipping reaches net zero by, or around, 2050. One of the key approaches to reaching this target is by facilitating a
ZEVI grants Portsmouth International Port nearly US$25 million The Zero Emissions Vessels and Infrastructure competition (ZEVI), sponsored by the UK Government and implemented in collaboration with Innovate UK, has awarded Portsmouth International Port approximately US$25 million (GB£19.8 million). The grant is expected to enable the UK port to launch a ground-breaking decarbonisation initiative with Brittany Ferries, as well as the University of Portsmouth,
Australian Peak Shippers Association joins Asian Shippers Alliance The Asian Shippers Alliance, a regional alliance of peak trade organisations, welcomed the Australian Peak Shippers Association (APSA), which is affiliated with the Freight and Trade Alliance and is the Commonwealth-appointed organisation that represents the interests of shippers and cargo owners in Australia. Andy K.H. Seo, Malaysian National Shippers' Council chair and ASA chair, welcomed APSA
US dirty tanker export demand jumps 33% year-on-year "During the first eight months of 2023, US dirty tanker export demand increased 33% year-on-year while the global dirty tanker exports increased only 5%. Measured in deadweight tonne miles, US exports now account for 14% of global dirty tanker demand," says Niels Rasmussen, chief shipping analyst at BIMCO. US oil production has increased since 2013 while US refinery runs peaked before the Covid p
THE Alliance changes Chennai terminal on IO3 service Ocean Network Express (ONE) announced a change in the Chennai port on THE Alliance's IO3 service. Hapag-Lloyd, ONE, Yang Ming and HMM, which form THE Alliance, decided to use Adani Kattupali Terminal instead of the current DP World Chennai (CCT). The change will take effect on 4 December with YM Fountain being the first container ship calling at the new terminal. The post appeared first on Conta
Port of Salalah facilitates new sea-air logistics solution via Oman APM Terminals, which holds a 30% share in the Port of Salalah, has teamed up to offer a sea-air logistics solution via Oman for cargo moving from Colombo, Sri Lanka, to Cairo Egypt. The new multi-modal service will reduce transit times by an estimated 20-40% compared to traditional east-west trade routes, and could deliver a cost saving of 10-20% compared to pure air freight solution, according t
Supply Chain Reshaped: The Power of Digital Transformation in Logistics and Supply Chain Innovation drives entire industries forward as new feature-rich software solutions appear all the time. Numerous companies from the logistics industry are also undergoing a significant change nowadays. With the global digital transformation expenditure poised to soar to a staggering $3.4 trillion by 2026, the numbers speak volumes. Let's see what advantages digital transformation in the logistic
DP World opens new warehouse in India amid growing integrator ambitions The broader integrated supply chain strategy is driving industry investment in Indian inland logistics verticals. The latest move comes from DP World. The Dubai-based terminal giant has opened a large warehouse on the outskirts of Mumbai at Bhiwandi. "This new facility elevates DP World's warehousing capability to 5+ million sq. ft. of warehousing space pan India," the company said in a statement
MSC seeks to be HHLA's No. 2 owner with 49.9% stake MSC, the world's largest liner operator, is set to purchase a substantial stake Hamburger Hafen und Logistik (HHLA), the largest port operator in the German port city of Hamburg. Just a day before Germany's National Maritime Conference starts tomorrow (14 September), HHLA announced that MSC has made an offer for a 49.9% stake. Hamburg municipal authorities have signed an agreement with MSC, setti
Hapag-Lloyd revises documentation cutoffs for US ports of loading Hapag Lloyd is going to streamline documentation cutoffs for US ports of loading beginning from 18 September 2023. The most significant improvement will be a revised timeline, with a useful 24-hour window before the FCL cutoff for Hapag-Lloyd's clients to submit their complete and accurate shipping instructions. "This change aims to treduce the need for dummy details or corrections after the cuto
Maersk announces new ocean-rail product in Central Asia Maersk launches a new transport solution connecting the United States and other important producing countries in the Far East, Mediterranean and Europe with Central Asian markets. The company's new weekly product aims to enhance the efficiency of cargo transportation particularly for consumer, lifestyle, and tech products to the growing consumer markets in Central Asia, according to Maersk. The D
ONE unveils new service from Northeast Asia to Pakistan and India Ocean Network Express (ONE) announced the addition of a new service to its network connecting Northeast Asia and Pakistan/India. ONE's new service will begin with vessel GSL Nicoletta on 19 October. The new Northeast Asia to Pakistan and India (NPI) service will offer clients new direct connections and shorter transit times, according to the Singaporean box line. The NPI service rotation will be
FourKites introduces generative AI solution FourKites, supply chain visibility provider, announced the launch of Fin AI, a new natural language interface that aims to help customers surface buried insights, identify opportunities for optimisation, and automate time-consuming tasks, such as assessing the impact of events across a shipment network. According to FourKites, with Fin AI the company is driving meaningful progress toward eliminat
Global Ports and Hua Xin Container Lines to expand container transportation between China and Russian Far East Global Ports, part of the Delo Group, and Chinese container shipping company Hua Xin Container Lines signed an agreement on 11 September to expand cargo transportation between China and Russia. Liu Junhui, CEO of Hua Xin Container Lines, and Igor Pukhov, CCO of Global Ports, agreed to expand sea container transportation between Chinese ports and the Russian Far East via the terminal of Vostochnay
C.H. Robinson opens cross-border logistics facility in US trade hub of Laredo C.H. Robinson opens a new facility that speeds up trade across the Mexico border, at a time when a growing number of global shippers are nearshoring in order to diversify and fortify their supply chains. Last year, the port of Laredo handled US$268 billion in trade with Mexico, up 20% from 2021. Earlier, in February, Laredo surpassed more than 450 seaports, airports and other border crossings to
Two cheers for Mr Moller Ahead of a landmark boxship naming ceremony today in Copenhagen, Andrew Craig-Bennett wishes there were more Maersks sailing the seven seas. Maersk is being as good as its word; it is going to use 'green' methanol to fuel its new Baltic feeder vessel which will be named today in Copenhagen. See Adis Adjin's report here ...
Amazon, IKEA and other major brands invite bids for zero-emission shipping An alliance of freight buyers that includes e-commerce giant Amazon and the world's largest furniture retailer IKEA has invited shipping lines to place their bids to move 600,000 containers over a three-year period on ships that offer a 90% reduction in greenhouse gas emissions compared to traditional fossil fuels on a lifecycle basis. The Zero ...
Angeliki Frangou launches buyout offer for Navios Holdings Navios Maritime Holdings has received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (NSC) to acquire all outstanding shares not already beneficially owned by NSC and its affiliates. Navios Holdings said that NSC, a company affiliated with chairman and CEO Angeliki Frangou, would buy the shares for a price of $1.84 in cash per ...
SSY rolls out EU carbon market compliance service London-based Simpson Spence Young (SSY) has launched a new service to secure carbon allowance procurement for clients ahead of shipping's entry into the EU's emissions trading system (ETS). The world's largest independent shipbroker has joined forces with carbon market specialists CF Partners, which operates one of the largest trading desks in the carbon compliance market. ...
Wilhelmsen takes Avenir LNG bunker trio under management Wilhelmsen Ship Management has sealed a deal with London-based small-scale liquified natural gas carrier owner Avenir LNG to manage three of its bunker ships. The Singapore-based shipmanager, with a portfolio of more than 450 vessels, has taken on the 2022-built 20,000 cu m Avenir Achievement and the 7,500 cu m duo Avenir Aspiration and Avenir ...
Bumi Armada and Pertamina link up on Indonesian FLNG project Malaysian floater specialist Bumi Armada has signed a non-binding deal with Pertamina International Shipping and gas trading company Davenergy Mulia Perkasa to develop and commercialise liquefied natural gas (LNG) from the Madura field and its surrounding fields in Indonesia. Under the deal, Bumi and Pertamina will design, construct, install and operate a floating natural gas ...
BP CEO Bernard Looney resigns over past relationships with colleagues The chief executive officer of energy giant BP, Bernard Looney, has resigned from his position with immediate effect for failing to fully disclose details of past personal relationships with colleagues. BP said in a statement that it received allegations from an anonymous source in May 2022 regarding Looney's conduct with respect to personal relationships with ...
Geneva Dry Dialogues: Edward Buttery 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: Edward Buttery. Edward Buttery, CEO of London-listed dry bulk owner Taylor Maritime Investments and Grindrod Shipping, is both an optimist and a ...
MMA Offshore teams with US subsea robotics firm Nauticus Australian OSV operator MMA Offshore has partnered with Houston-based developer of autonomous maritime systems Nauticus Robotics. Under a memorandum of understanding, the companies will focus on developing an integrated service offering in the Asia-Pacific region utilising Nauticus artificial intelligence-enabled subsea inspection, maintenance and repair (IMR) robots called Aquanauts. The deal, w
UK looking at 50% increase in offshore energy workforce by 2030 Research done by Robert Gordon University (RGU) has shown that the UK offshore energy workforce could increase by up to 50% by the end of the decade. This report presents a range of workforce outcomes that could materialise over the coming years. All are based on the extent to which governments and industry realise their ...
Windea Offshore forms wind autonomous surveying partnership German offshore wind service provider Windea Offshore has teamed up with marine data acquisition specialist Subsea Europe Services to provide hydrographic survey and underwater inspection technology to the European sector. The partnership will see the duo work to further develop and optimise autonomous surface and subsea vehicles in Subsea Europe Services' fleet and integrate them ...
Parana river tolls cause uproar among South American nations An ugly spat has broken out among South American nations over the use of the continent's so-called grain superhighway, the Parana river. Argentina has started collecting tolls on its portion of the river, much to the chagrin of other users of the key dry bulk waterway - Paraguay, Brazil, Bolivia and Uruguay. Argentina went so ...
MSC tables bid to to buy 49.9% stake in Hamburg's HHLA The jewel in Germany's port crown is set for dramatic change with news this morning that the Apontes, the richest family in Switzerland, have moved to take over Hamburger Hafen und Logistik (HHLA). The Aponte family-controlled Mediterranean Shipping Co (MSC), owners of the world's largest containerline, has tabled a bid to take over HHLA, including ...
Bed Bath & Beyond files complaint against Yang Ming Bankrupt retailer Bed Bath & Beyond has filed a complaint with the US Federal Maritime Commission (FMC) against Taiwanese shipping company Yang Ming seeking reparations from the firm for not shipping 85% of its contracted cargo. Bed Bath & Beyond entered a service contract with Yang Ming covering the period from May 1, 2021, through ...
US tops Australia and Qatar in LNG exports The United States exported more LNG than any other country in the first half of 2023, according to data from CEDIGAZ. US LNG exports averaged 11.6bn cu ft per day during this period, 4% more than in the same period last year, allowing the US to leapfrog past Australia and Qatar in global exports (see ...
Panama Canal administrator will not rule out further transit cuts The Panama Canal Authority has warned there's a chance the number of daily transits could be slashed further if drought persists. Ricaurte Vásquez Morales, the administrator of the Panama Canal Authority, invited the press to a conference yesterday in which he laid out how he sees traffic faring across the waterway in the short-term as ...
Frangou launches bid to acquire remainder of Navios Holdings Since shedding 36 bulkers a year ago, Navios Holdings has concentrated on 63.8%-owned South American logistics business but it also...
Greed driving London brokers fixing ships for the dark fleet London brokers and their 'pet lawyers' are putting greed ahead of morals by helping sell tankers into the dark fleet*...
Globus continues eyeing secondhand deals although modern ships 'scarce' Company takes $1.2m second-quarter loss after 59% year-on-year slump in average rates
Shipping won't get to choose its alternative fuel, Shell says The energy company continues to question ammonia and methanol bunkering, arguing that the shipping industry will not be able to...
Box shipping sector ready for container tracking Falling unit costs make smart container devices viable for dry equipment. Carriers also see the benefits of managing their fleet...
Sovcomflot transfers tankers to new non-sanctioned entity A total of 18 vessels have been transferred over the past month by Sovcomflot to a newly created company based...
ABS sets up global electrification centre in Singapore Facility will support maritime decarbonisation projects for shipowners and shipyards with team of engineers and technical specialists
China's NewNew Shipping Line to add up to 10 more boxships on northern sea route NSR helps save about 10 days for each one-way voyage between Shanghai and St Petersburg
Take decarbonisation baby steps with LNG, says SEA-LNG chairman While not ignoring the development of other alternative fuels, Keller says to make progress on the decarbonisation pathway 'we need...
Winter tanker spike capped by production cuts and Iranian oil China's support for mainstream owners looks to be weakening, as local refineries buy more discounted Iranian and Russian crude
MSC bids for stake in Hamburg terminal operator HHLA has struggled to maintain volumes and revenues. Acquisition of stake by MSC could boost fortunes
Don't underestimate the challenge of continual professional recruitment The challenge of the age is decarbonisation; a related challenge is retaining the talent needed to get the industry there
Stopford: Shipping won't get 'a sniff' of green fuel Shipping economist Martin Stopford laid out the challenge in stark terms as industry figures questioned whether shipping can reach its...
Daily Briefing Dark fleet shipping sanctioned oil expands to 530 tankers after oil price cap breach | Dry bulk owners look to...
CMA CGM looks to boost usage of New York terminal with new investment The carrier aims to increase capacity by more than half at the Staten Island terminal it took over as part of its acquisition of Global Container Terminals' US assets.
Logistics providers stake claim in potential-laden 'end-to-end' space It's an open question whether shippers want end-to-end supply chain services from a single provider, but that hasn't stopped names such as Amazon, Maersk and Flexport from building integrated solutions.
Global shippers launch 600,000-TEU tender to fast-track decarbonization The bids would require carriers to quote a negotiated "green premium" that cargo owners would pay to transport the containers on ships powered by zero-carbon fuels.
MSC makes bid for a half-stake in Hamburg's main terminal operator The carrier has made a cash offer to acquire just under 50% of HHLA in a deal that will significantly expand its terminal and intermodal reach.
Railroads acknowledge need to boost service to win market share from trucking Railroads told the Intermodal Association of North America conference they must concentrate on providing more reliable, consistent service at a competitive rate over the long term to reverse the recent market share loss to long-haul trucking.
US, European and Asian port container volumes fall as economies slow down, analyst says Port of Los Angeles saw biggest drop of 25.4% in year-over-year six-month throughput, Alphaliner says
Crowley and Seacor team up to form US Jones Act tanker giant Joint venture Fairwater Holdings to boast 31 vessels in the petroleum and chemical trades
US becomes second largest contributor to crude tanker export demand, says Bimco US dirty tanker export demand has increased 33% compared to first eight months of last year, according to shipowners group
Women seafarers battle male-dominated culture All female panel line-up talks future fuels, ports, digital skills and how they came into shipping at Lloyd's Register report launch
'Soft' market pushes Globus Maritime earnings into the red New York-listed shipowner's time charter equivalent rates drop 64.5% during quarter
Freight buyer's alliance with Amazon, Ikea and more asks container lines to bid on green shipping tender Eventual deal would involve moving 600,000 teu of containers using zero-emission fuels over three years
YieldStreet to pay $1.9m after US investigation of vessel scrap financings Alternative finance platform YieldStreet will not admit wrongdoing over charges it misled US investors in scrapping deals by cash buyer Tahir Lakhani
Citi's Michael Parker: 'In 10 years this industry is going to be very different' Cash for decarbonisation will be available but it will go to those whose progress on emissions reduction can be measured
Angeliki Frangou to take Navios Holdings private with buyout offer N Shipmanagement Acquisition Corp offers $1.84 per share for US-listed company's stock
Seacor Marine stretches debt runway by tapping EnTrust Global US offshore vessel owner says financial structure will now be more efficient
Navios Group to bring Navios Holdings back into the fold with buyout offer N Shipmanagement Acquisition Corp offers $1.84 per share for US-listed company's stock
UAE-controlled cargo ship reports 'attack' in Strait of Hormuz Vessel was seen straying from traffic lane towards Iran
Suez Rajan cases raise questions over Iran's crude dealings and US sanctions UANI argues US and Panama should take action against the Virgo for carrying sanctioned Iranian oil
RightShip tightens influential vessel ratings by removing EPL effects Once-in-a-decade methodology update is meant to ensure an 'apples-to-apples' comparison of ships based on their design, the platform says
Experts warn of dangers as shipping adopts AI systems Emerging technology has uses for tracking emissions, avoiding collisions and route planning but the lawyers are circling, seminar told
Green Seas: Sustainability at the forefront as shipping gathers in London Our environment newsletter brings you TradeWinds' key stories from London International Shipping Week, where sustainability topics were front and centre in the discussions around maritime's future
Gulf of Guinea piracy is weakened but still remains a threat, security provider warns While the number of incidents has fallen, letting up on security efforts would create an opportunity for more attacks Loyz Marine head says
Shipping must seize the day of Salman, Biden and Modi's 'big deal' at G20 The US bid to blindside China's Belt and Road initiative to build global influence is encouraging for maritime amid widening geopolitical fractures in Arab states
'Greed knows no bounds': Richard Fulford-Smith slams shipping over Russia deals Affinity (Shipping) boss says accidents will happen as shadow fleet of ageing tankers delivers Russian crude
'Aggressive' Premuda proved right on tanker buys, Marco Fiori says Italian executive tells purchasers they will not regret acquiring modern vessels
One VLCC for delivery in a year? Heidmar's Pankaj Khanna can't remember that happening before Shipowners are still not rushing to shipyards as in previous years, tanker manager says
Nigeria sees UK as source of shipping finance as domestic demand ticks up Opportunities exist in dry cargo and tankers, but there is little local capital to go around
Hitting 2030 IMO targets might be tough, but DNV panel still optimistic With only seven years to go before the IMO expects a 20% reduction in greenhouse gasses, some think the target might be too ambitious
Russian oil revenues surge after price cap breaches Production cuts led by Saudi Arabia and Russia have increased oil prices and boosted the Kremlin's coffers
MSC muscles in on Beijing's Hamburg port bid with friendly takeover offer MSC and City of Hamburg strike 'long-term strategic partnership' for European boxship terminal operator HHLA
RightShip tightens influential vessel ratings by removing engine power limitation Once-in-a-decade methodology update is meant to ensure an 'apples-to-apples' comparison of ships based on their design, the platform says
VLGC TCE rates hit all-time high a day after tonne figure claimed new record Sector's 'bull run' shows no sign of slowing down
Saverys 'makes history' with bulk carrier wager in China The 210,000-dwt newbuildings will be installed with ammonia-fuelled engines
SSY launches partnership to allow clients to access EU ETS carbon allowance market World's largest independent shipbroker has teamed up with CF Partners to facilitate the purchase and warehousing of EU carbon allowances
Shipping's 'natural DNA' makes mergers difficult, Frontline boss Lars Barstad says Fragmented tanker market would benefit from consolidation, Norwegian executive argues
New Stolt-Nielsen boss Udo Lange succeeds with $112m bond sale Investors remain keen on shipping debt in Oslo
Ukraine missiles attack Crimean shipyard, damage two vessels Violence in the Black Sea escalates as the government in Kyiv responds to rising Russian attacks on its own port infrastructure
Maersk sells second green bond for $750m in US dollar first Danish shipping giant can spend the cash on clean shipping projects
'Very good shareholders' Fredriksen and Saverys more aligned than most, Euronav's Gallagher says Peace breaks out during amiable merger and acquisitions discussion in London
Russia sends non-ice class capesize bulker and suezmax tankers into the Arctic Moscow takes rare, maybe even unprecedented steps to boost its seaborne trade ties with Chinese clients
Avenir LNG trio switches from Hoegh LNG management in deal with Wilhelmsen Company excited about new opportunities with vessel management giant
More executives exit Flexport as logistics start-up looks to return to growth It has also rescinded offers to an unspecified number of employees who were due to join the company
2028: 'A nice time' to have some LNG newbuildings Ship prices may be high and delivery dates distant but there is demand for LNG, long-term contracts to be had and financing available
Russia sends non-ice class capesize bulker and suezmaxes tankers into the Arctic Moscow takes rare, maybe even unprecedented steps to boost its seaborne trade ties with Chinese clients
Pertamina International awakens to take on the tanker world Chief executive of shipping Yoki Firnandi outlines how captive carrier is transforming itself into global player
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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