Singapore's first dedicated methanol bunkering tanker delivered Japan's Sasaki Shipbuilding has delivered the 4,000 dwt M/T Maple, Singapore's first dedicated methanol bunkering tanker, to Stellar Shipmanagement Services Pte Ltd, a wholly owned subsidiary of Global Energy Group, Classed by
Zulu unveils design for zero-emission short seas container vessel Kappelen, Belgium, based Zulu Associates has unveiled a concept design for a 200 TEU autonomous short seas container vessel, the Zulu Mass. Featuring an auxiliary wind assistance system, it is being produced
Box volumes grow at Saudi ports Saudi ports overseen by the Saudi Ports Authority (Mawani) have achieved a 16.85% growth in container throughput during November, reaching 737,530 TEUs. Exported containers during the previous month recorded an increase of 15.95% to 212,216 TEUs, while imported boxes also soared by 18.67% to 224,324 TEUs. At the same time, transshipments registered a 16.16% rise to 300,990 TEUs. Moreover, Mawani
ONE strengthens Asia service network Ocean Network Express (ONE) has decided to enhance its Asia network by introducing a new service and reforming the port rotation of another one. The Singaporean ocean carrier will begin a new service between Singapore and Vietnam in the new year. In particular, the 1,577 TEU boxship Haian View will commence the first sailing of the Vietnam Singapore Express (VSX) service on 5 January from the por
EU ETS surcharges not static European Union (EU) Emissions Trading System (ETS) surcharges will inevitably evolve as the price of EU Allowances fluctuates, according to Alphaliner's report. Shipping (all types) is forecast to represent around 5% of the European Allowance market, while prices will be subject to wider trends in the global energy market, as demand adapts to fuel usage. So far, there has been no formal shipper o
Ports of Tacoma and Seattle sign agreements for waterway navigation improvement projects The Port of Tacoma (POT) and the Port of Seattle (POS) joined the US Army Corps of Engineers (USACE) in ceremonies marking design agreements for the Seattle Navigation Improvement Project and the Tacoma Harbor Navigation Improvement Project. These projects are part of a modernization initiative for the Northwest Seaport Alliance (NWSA), an alliance between the ports of Tacoma and Seattle. To addr
MSC and Hamburg secure over 92% of HHLA shares MSC's wholly-owned subsidiary Port of Hamburg Beteiligungsgesellschaft SE announced the result of its voluntary public takeover offer for Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) at the end of the additional acceptance period. At the expiry of the additional acceptance period, the takeover offer had been accepted by shareholders holding 7,325,366 HHLA Class A shares. In addition, SA
APM Terminals Callao proceeds with expansion project APM Terminals Callao has announced the start of works on stage 3A of the Multipurpose North Terminal Modernization Project in the Peruvian port. Maersk-owned port and terminal operator APM Terminals said the US$95 million, 100% private investment, exceeds contractual commitments in the addendum by almost 40%. To mark this critical moment, APM Terminals Callao held a symbolic ground-breaking cerem
THE Alliance announces updated service network for 2024 THE Alliance, including Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has reconfigured its service network setup. The updated services will be effective from April 2024. "One of the key highlights in 2024 will be deploying additional tonnage in several services to ensure the most comprehensive coverage and the most reliable schedule under the existing operational conditions," said
GEODIS opens new temperature-controlled warehouse in Germany Global logistics service provider GEODIS officially put a new 700m² temperature-controlled location, with an integrated cooling area in Rodgau, Germany into operation. With this opening, the company is proceeding with its strategy of expanding and strengthening its global pharmaceutical network. With a temperature-controlled warehouse between 15 and 25° C and an additional cooling area with a tem
Port of Long Beach names new directors The Long Beach Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach's Human Resources and Engineering Design divisions. Khristina Jason, previously the Port's assistant director of Human Resources since November 2021, will become Director of Human Resources. She joined the Port's HR Division in April 2021 as Manager of Talent Relations and Engage
Former B&M supply chain head joins Peel Ports Peel Ports Group has hired the former head of supply chain for national retailer B&M to boost its connections with importers. Jerome Wildsmith has over 30 years of logistics expertise, including time with top retailers Matalan, Mamas & Papas, and Regatta. His new responsibility will be to boost container volumes and use the port's closeness to important distribution centres north of Birmingham, b
Who ate my tanker supercycle? In this exclusive extract from Slash Extra, our analyst looks at why the longed-for supercycle never showed up. The International Energy Agency (IEA) ventured in March that China's oil imports would reach 11.8m barrels per day this year compared to 10.2m barrels per day last year. Crude oil imports officially totalled 515.65m tonnes from January ...
Ignitis and CIP claim Estonian offshore wind prize Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) have won the auction to develop an offshore wind farm in the Liivi 2 sea area in Estonia with a total capacity of up to 1.4 GW. The partners placed the highest bid in the amount of €1.72m ($1.85m), Ignitis said. Estonia's Consumer Protection and Technical Regulatory Authority, ...
RWE consortium secures rights for 684 MW wind farm offshore Japan German utility RWE has been selected in a consortium with Mitsui & Co and Osaka Gas to build and operate an offshore wind farm off the coast of the cities of Murakami and Tainai in Japan. The award is in line with Japan's commitment to expanding offshore wind capacity to 10 GW approved by 2030, ...
Havfram seals German offshore wind deal Norwegian contractor Havfram Wind has firmed up a contract for wind turbine transport and installation work on the RWE's up to 1.6 GW offshore wind cluster in the German North Sea. RWE is developing four wind farm sites under the Nordseecluster project located north of the island of Juist. The project will be constructed in ...
COP28 concludes with agreement to move away from the use of fossil fuels A new deal has been agreed at the United Nations climate summit in Dubai - COP28 - after days of negotiations. For the first time, the deal calls on all countries to move away from the use of fossil fuels. However, the text of the final agreement stopped short of demanding that fossil fuels be ...
Ships shot at in the Red Sea Ships were shot at while passing near Yemen today in the latest acts terrorising seafarers transiting the Red Sea, a region that has become massively unstable since the Houthi militia decided to enter the Israeli war on the side of Hamas a month ago. A Malta-flagged bulk carrier was approached by a speedboat with armed ...
DOF sells off third non-core PSV Norwegian offshore vessel owner DOF has sold another non-core platform supply vessel it picked up from lenders earlier this year. The Oslo-listed group's DOF Rederi is offloading the 2004-built to an unnamed international buyer, with delivery expected in the first quarter of 2024. No price has been given for the medium-sized PSV, which traded in ...
Scorpio Services and Gulf Navigation launch shipmanagement venture in Dubai Lolli-Ghetti family-controlled Scorpio Services Holding (SSH), part of the Monaco-based Scorpio Group, has established a shipmanagement joint venture with Gulf Navigation of Dubai. Black Marlin Ship Management & Operation will be located in Dubai and manage eight vessels at launch, four from each partner. The partners said the JV would offer a range of services ...
New EU ETS study claims to show true fuel choice costs Bunker platform ENGINE has compiled a report in partnership with Freight Investor Services in which prices are compared for conventional bunker fuels, LNG and biofuel blends, and then adjusted for calorific contents and potential European Union emission trading scheme (EU ETS) costs into next year. The authors of the report claimed in a release that ...
MSC proceeds with Hamburg port entry Mediterranean Shipping Co's buy-in to the port of Hamburg is proceeding as planned. After the voluntary public takeover offer to the shareholders of Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) was completed MSC and the city of Hamburg now control 92.3% of the HHLA's share capital. Closing of the transaction whereby MSC will hold a 49.9% ...
Fossil fuel newbuild phase-out stirs debate Just how viable is the call from top shipping names for an end date for fossil-only powered newbuilds? The joint declaration issued at the start of the COP28 conference in Dubai from the CEOs of MSC, Maersk, CMA CGM, Hapag-Lloyd and Wallenius Wilhelmsen calling for a set date for the phase out of traditional powered ...
World's first hydrogen-powered tugboat launched The Port of Antwerp-Bruges and CMB.TECH have launched the Hydrotug 1, the world's first hydrogen-powered tugboat. The Hydrotug 1 is the first tugboat in the world to be powered by combustion engines that burn hydrogen in combination with traditional fuel. It is the first vessel that uses the BeHydro V12 dual fuel medium speed engines ...
New boxship design unveiled Belgian shipowner Zulu Associates has unveiled a concept design for a 200 teu autonomous, electric short sea container vessel featuring wind blades, designed for voyages around the English Channel. The design has been worked on in partnership with Dutch naval architect Conoship International and could also feature wave foil propulsion. "This is an exciting time ...
Is an end date for fossil-only powered newbuilds viable? It was the image that grabbed the most shipping headlines during COP28, the United Nations' annual climate conference, but just how revolutionary was the call from top shipping names for an end date for fossil-only powered newbuilds? Standing alongside each other, the CEOs of leading global shipping lines, MSC, Maersk, CMA CGM, Hapag-Lloyd and Wallenius ...
The path of least resistance I am about to do something I very, very rarely do - namely praise a journalist from a rival organisation. The fact is though I do like Eric Johnson, technology editor at the Journal of Commerce, and he summed up my thoughts on the whole Panama Canal exodus brilliantly last week. Commenting via X on ...
December 2023 Review Two bulker heavyweights are merging. Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have sealed a deal to combine into the largest US-listed dry bulk shipping company with a combined fleet of 169 owned vessels on a fully delivered basis. The CEOs of leading global shipping lines, MSC, Maersk, CMA CGM, Hapag-Lloyd and ...
2023 Annual Review War in Ukraine showed no sign of ending with merchant shipping in the crosshairs in the Black Sea. After Russia pulled out of a United Nations-brokered grain export deal in July, Kyiv created a new export corridor, despite multiple attacks from the Russian military. Russia's use of the so-called shadow fleet tankers soared in the ...
Tankers: Who ate my supercycle? The International Energy Agency (IEA) ventured in March that China's oil imports would reach 11.8m barrels per day this year compared to 10.2m barrels per day last year. Crude oil imports officially totalled 515.65m tonnes from January to November, equal to 10.99m barrels per day. This was a 12% increase year-on-year but was not by ...
Dry cargo: What Xi Jinping did next The highlight of 2023 came in late November and early December when the capesize freight market rallied almost vertically before deflating almost as rapidly on the back of increased iron ore purchases by Chinese importers. The consensus view is that they are buying more iron ore not just in advance of Lunar New Year, which ...
Container shipping braces for the year ahead Pacific Maritime Association president James McKenna told journalists in June: "By no stretch of the imagination do we think [the supply chain crunch] is over. In fact, we're planning this to go for the entire year." He turned out to be on the button. The highlights reel for the 2023 container shipping markets contains very ...
Analyst Abstract Tankers As the year ends, one of the persistent themes of 2023 in tankers is making headlines again, namely the shadow/dark/grey/opaque fleet. Analysts at Vortexa issued a recent report showing that tankers operating in opaque markets reached a record high in Q2 and have since declined. Vortexa data suggests that 1,649 unique tankers have operated ...
Shipowners as pirates All shipowners might like to think that they have a little bit of pirate in them, sailing the high seas in search of treasure, reckons brokers Gibson in a recent report. The bounty today, according to Gibson, is in the value of their hulls - along with the freight they earn, which is demonstrated in ...
Training towards real inclusivity in the maritime sphere Güven Kale, chief clinical officer at Mental Health Support Solutions, writes for Splash today. There is an urgent need for empowerment and diversity in the maritime workforce, but this won't happen until there is a transformative shift in industry culture, creating a space for women's support at sea while championing diversity and safety. The launch ...
Fun times ahead for Scorpio's shareholders, Jefferies say Jefferies bumps Scorpio's fourth-quarter estimates after company releases guidance showing mostly improved rates and balance sheet. The analysts forecast that...
Ardmore Shipping tanker attacked in Red Sea Two missiles narrowly missed the combined chemical and oil tanker Ardmore Encounter, which was also shot at from skiffs
Swedish Club gives further details of 2024 renewal pricing Higher premiums 'vital to ensure the club continues to maintain a balanced portfolio and remains resilient, especially considering the current...
Suez Canal extends rebates Rebates are highest for voyages from the US Gulf routed towards Asia. But Suez faces its own set of challenges...
COP28: Agreement reached to transition away from fossil fuels COP28 ends with a significant agreement that calls on countries to transition away from fossil fuels, triple renewable energy capacity...
Consolidation in dry bulk shipping is easier said than done, says Pappas Dry bulk merger receives first thumbs-up from investors as Eagle stock jumps
Geopolitics and cost of decarbonisation top Outlook Poll of industry concerns Lloyd's List's 2023 Outlook Poll found widespread doubts that the 2030 and 2040 targets can be met, while geopolitics has...
Strong Chinese wheat imports from North America fuel demand for sub-capesize bulkers Increasing imports from the US and Canada drive shipment demand for panamaxes
X-Press Feeders to ply biomethanol boxship vessel in Northern Europe Supply of biomethanol in Northern Europe is likely to be ample for the feeder ship set to serve the shortsea...
Shipping will 'get there by 2050', industry heavyweights tell Lloyd's List Outlook Forum World is living through most dangerous times since Cuban Missile Crisis, claims Citi's Parker, with political tension keeping Cargill's Abdalla up...
Forwarders betting on freight rates remaining low On some trades, forwarders are undercutting carriers on long-term contracts in the belief that spot rates will stay subdued. But...
EU emissions trading to impact 37% of boxship fleet Cosco was said to have set the highest ETS surcharges so far on several main trades, while Maersk and MSC...
Daily Briefing Norwegian chemtanker attacked by Houthis in Red Sea | Star Bulk will aim to consolidate further after Eagle has been...
Ongoing Yellow terminal auction seen reshaping a smaller US LTL sector Large LTL carriers are snapping up shuttered properties once owned by the bankrupt company, but US LTL capacity overall may shrink in 2024, industry experts warn.
THE Alliance adjusts 2024 network amid Panama Canal restrictions Next year's schedule will see two services that were suspended in 2023 remain offline, but two Asia-US services will be restored and new port calls added overall.
Truckers fighting ILWU, LA-LB terminal operators over chassis paperwork proposal Truckers say implementing the measure would push average truck turn times in Los Angeles and Long Beach, already among the highest in the US, even higher.
Panama Canal congestion, Red Sea 'war risk' premium complicating MPV outlook Voyage diversions needed to avoid Panama Canal drought restrictions and the increasingly risky Red Sea route will remove multipurpose and heavy-lift capacity from the global fleet, which in turn is likely to slow the rate slide seen during 2023, analysts say.
Rise in trans-Pacific air freight rates tempered by weak underlying market Rates on the eastbound trans-Pacific are at levels not seen since September 2022, but the indicators suggest the market strength will not extend too far into 2024.
DOF sells elderly PSV as DNB cashes in $27m chunk of shares Norwegian owner selling vessel worth $9m as lender reduces stake
New dry bulk powerhouse has plenty of scope for consolidation and renewal, analysts say Investment banks line up behind Star Bulk Carriers' combination with Eagle Bulk
Borealis Maritime expands its investment team with hire from Fearnley Securities London-based firm recruits investment banker Wessel-Aas for Abu Dhabi office
Suez Canal raises rebates on tankers and boxships to lure ships away from Panama Suez introduces discounts on long-distance product tanker trips between South America and Asia
DOF cashes in elderly PSV as DNB cashes in $27m chunk of shares Norwegian owner selling vessel worth $9m as lender reduces stake
Mubariz Mansimov's Palmali bouncing back with order for 10 combi carriers Chairman of Turkish tanker company trying to put legal troubles behind him with Ukrainian cargo business
Lomar teams up with Rickmers to develop seafarer recruitment platform Hamburg start-up Turtle to collaborate with London-based shipowner
SSY hires two Norwegian brokers to lead newbuilding team Shipbroker tells TradeWinds it is building up its presence in newbuildings
Shipping urged to do more on carbon capture as COP28 diverts from fossil fuels Hard-to-abate industries such as shipping told to promote green energy plans for net zero transition by 2050
Russia fires up LNG transshipment action off Kildin Island as winter sets in But so far newly installed, giant floating storage units remain unused
A decade of consolidation: Star Bulk's swoop on Eagle Bulk is one of its largest Greek owner's stock has played a vital role in its ability to march toward goal of becoming 'solidly mid-cap'
Economou strikes again to lift newbuilding tally to 40 Economou's companies have signed up for suezmax tankers, an LR2 and kamsarmax bulkers
Scorpio and Gulf Navigation target Middle East with new tanker management venture Italian and Dubai groups form Black Marlin with eight vessels initially
Top Ships could switch from share issues to buybacks as value jumps CEO Evangelos Pistiolis says Greek tanker owner trading at 29% of underlying worth
Bullets, missiles fired at Ardmore tanker in latest Houthi attack Incident comes hot on the heels of missile strike against Norwegian tanker on Monday
Bomb blast hits Piraeus office housing shipping firms, no injuries Material damage but no victims reported in Filonos St building in which a dozen maritime companies are located
Expanding Frontline adds to board with Fredriksen ally Cato Stonex Shipping investor elected at shareholders meeting on Tuesday
Golar LNG sees FLNG fleet almost doubling in five years Panellists bullish on LNG shipping but wary of specialist FSRU sector
Tor Olav Troim takes slice of $17.5m issue as Himalaya raises newbuilding funds Norwegian owner carries out private placement to finance newcastlemaxes
Eurazeo and NRP team up to finance Samskip's hydrogen container ship newbuilding Norwegian and French players arrange €22.5m facility towards first revolutionary vessel
Braemar bosses offered $1.5m shares bonanza New-look top team awarded options vesting in three years
Bullets, missiles fired at tanker in fresh Houthi attacks near Yemen Incident comes hot on the heels of missile strike against Norwegian tanker on Monday
China's Fujian Guohang orders up to 10 methanol-ready bulkers New ships will reduce fuel consumption and be able to carry more cargo
Swire Shipping's Jeremy Sutton joins Singapore Maritime Foundation board Also joining the SMF board is PSA International's Nelson Quek
X-Press Feeders to base new green methanol container ships in Rotterdam World's largest common carrier says availability of bio-methanol at ports on a global scale continues to pose a challenge
Comment: Shipping's COP28 message puts it in the decarbonsation ballpark Give us the fuels and we can get the job done - maritime leaders tell fuel producers, ports and politicians
Pacific Gas goes large on giant ethane carriers with $2bn haul Three of its 14 newbuildings are said to have been chartered out to Wanhua Chemical
Panama Canal transits plunge as larger ships are turned away Panama's drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.
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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