Bid invitation out for Skagit County all-electric ferry Skagit County, Wash., is moving ahead on its plans to build an all-electric ferry to replace the 40-year old, diesel-powered M/V Guernes and has now released an invitation for bids for construction
Landmark methanol-fueled containership named Laura Maersk Well, now we know the name. Maersk has chosen a name steeped in company tradition for its first methanol-fueled containership: Laura Maersk. The name reveal came when the ship's godmother, EU Commission
OCI Global to double its green methanol capacity in US OCI Global announced plans to double its green methanol production capacity to approximately 400,000 metric tons per year, due to the growing demand for green methanol from numerous high emissions industries, including road transport, shipping and industrial. The scale-up plans include entering into supply agreements for renewable natural gas (RNG) exceeding 15,000 mmbtu per day - as well as secu
APM Terminals invests in Croatian box terminal development APM Terminals announced that a groundbreaking ceremony signaled the start of the construction of the planned Rijeka Gateway terminal in Croatia. "This is the greatest investment in the Port of Rijeka's history, and it will produce more than 300 employees on the terminal itself," said Maersk-owned port operating company. The container terminal will open in 2025, with a total investment of US$408 m
Stolthaven Terminals confirms operation expansion in US Stolthaven Terminals has decided to expand its facilities in the US Gulf. In particular, the planned expansion programme involves an increase in automated operations, additional specialist services for customers and the installation of new tanks. This is expected to significantly increase Stolthaven Terminals' current total US storage capacity of 954,491 m³. Additionally, Stolthaven Terminals' gl
Domestic Taiwanese boxship catches fire while under repair The cargo hold of a container ship burst into flames while it was docked for repairs at Jong Shyn Shipbuilding in Kaohsiung, Taiwan. The incident, on a domestic vessel identified in local media as "Wan Long", happened around 3.54 pm local time on 13 September. The inferno sent thick black smoke rising straight into the sky from the distressed vessel. Police and the firefighting department were in
Deal between PANYNJ and CMA CGM secures significant terminal investment Governor Kathy Hochul and the Port Authority of New York and New Jersey (PANYNJ) announced a significant new investment to expand and enhance the Howland Hook Marine Terminal on Staten Island, resulting in the creation of more than 300 jobs, preserving this location as an important economic generator for the island. A modified lease deal between the Port Authority and the facility's new operator,
Ports of Gdansk and Thessaloniki partner to develop transport corridor Thessaloniki Port Authority (ThPA) and Port of Gdansk Authority have announced a new collaboration aiming to establish the framework for research and exchange of best practices with a view to developing mutually beneficial strategic synergies and supporting initiatives and projects related to the development of a transport corridor between the two European ports. The cooperation agreement between
cargo-partner upgrades warehouse portfolio in Southeast Europe cargo-partner has placed a strategic focus on Southeast Europe and in recent months, the company has upgraded its warehouse facilities in Croatia, Slovenia and Türkiye. In late August, cargo-partner expanded its warehouse in Zagreb by 4,600 m² due to growing customer demand in Croatia. The warehouse was opened in June 2022 and is located ten minutes from the international airport in Zagreb. More
New member at Hapag-Lloyd's Executive Board The Supervisory Board of Hapag-Lloyd AG has appointed Dheeraj Bhatia to the company's Executive Board effective from 1 January 2024. Dheeraj Bhatia will also become chief executive officer of the new Rotterdam-based Hapag-Lloyd Terminal Holding, in which Hapag-Lloyd AG's infrastructure holdings will be pooled. In 2014, Bhatia joined Hapag-Lloyd as managing director and initially headed Area India
EU Commission president names Maersk landmark methanol ship The EU Commission president Ursula von der Leyen gave the name to the world's first methanol-enabled container vessel at a ceremony in Copenhagen, Denmark today (14 September). The 2,100 TEU methanol boxship will carry the name Laura Mærsk with von der Leyen christening the vessel by breaking a champagne bottle over the bow. Besides the godmother, Maersk Chair Robert Uggla and Maersk Chief Execut
Container lines add blank sailings to match supply with lower demand in Golden Week With the upcoming Golden Week holiday in Asia in early October, as factories close, and container demand to and from Asia declines, shipping lines respond by blanking sailings to match supply with the lower demand, according to latest Sea-Intelligence report. "However, when we first looked at the blanked capacity at the 2023 Golden Week two weeks ago in issue 629 of the Sea-Intelligence Sunday Sp
Port of San Diego and US Navy ink agreement The Port of San Diego and the United States Navy have come to an agreement that will result in the early relinquishment of the United States Navy's lease at 1220 Pacific Highway. The Navy has leased the 13,759 square meters facility just east of the B Street Pier between North Harbor Drive and Pacific Highway since 1949, mostly for office use. When the Port was created in 1962, it inherited the l
Peak season starts slowly in Long Beach The annual "peak" shipping season began modestly at the Port of Long Beach, as warehouses remained overstocked and consumer demand continued to shift toward travel and other summer activities. Last month, dockworkers and terminal operators in Long Beach moved 682,312 TEUs, translating to a 15.4% decrease from August 2022. Imports fell 15.4% to 325,436 TEUs, while exports fell 23.1% to 93,402 TEUs
Back haul rates to China hit negative territory Carriers are paying their customers to move freight from North and South Europe, the Middle East and other backhaul trades, according to Arcon Containers. Arcon Containers is a tech company looking to improve supply chain efficiency and is part of the Saksham Group based in Mumbai, the group president, Supal Shah, speaking at Container xChange's Digital Container Summit in Hamburg yesterday, said
ONE and Project Maji join forces to provide safe water acess in Africa Ocean Network Express (ONE) partners with Project Maji, a pan-African safe water NGO, to address the critical issue of clean water access in rural communities in Ghana and Kenya. This partnership, made through ONE's subsidiary and regional headquarters Ocean Network Express (Europe) Ltd., aims to transform many lives by installing multiple solar-powered water access points. The company has funded
Wärtsilä solutions selected for first methanol-fuelled hybrid RoRo ships Wärtsilä will provide an integrated hybrid propulsion system for two new hybrid RoRo vessels. The ships are being constructed for the Swedish shipping firm Stena RoRo at the China Merchants Jinling shipyard (Weihai). The ships, which will operate on the Stena Line Irish Sea system, will be the world's first methanol-fueled hybrid RoRo ships. The combination of new sustainable fuels and electrific
Dolphin Drilling in pole position for India rig deal Norwegian semisub owner Dolphin Drilling has emerged as a frontrunner in the Oil India rig tender. The Øystein Stray Spetalen-backed company said Thursday it had submitted the lowest bid for a 14-month firm contract. Contract negotiations are expected to start shortly, and subject to the final award, start-up for the drilling campaign would be in ...
Siem Offshore scores MPSV contract extension Siem Offshore has secured a contract extension for its multipurpose support vessel . The contract will commence in direct continuation of the vessel's current employment and operations are expected to be primarily outside the North Sea, the Norwegian owner and operator said. In November last year, Siem fixed the 2009-built MPSV for a firm period ...
Transocean scores first-ever deal for 2013-ordered rig worth $486m Swiss-based offshore driller Transocean has won a three-year deal for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected to begin in the third quarter of 2024 and represents approximately $486m in firm backlog, excluding a mobilization fee of approximately 90 times the contract dayrate. ...
Furetank and Algoma JV takes orderbook to 10 product tankers Swedish shipowner Furetank and Canada's Algoma Central Corporation are expanding their product tanker joint venture with two additional newbuilds, bringing the total investment to 10 vessels. Like the previous four-plus-four vessel order, the 50/50-owned FureBear JV will build the 17,999 dwt duo at China Merchants Jinling Shipyard in Yangzhou for delivery in the second and ...
Bumi Armada JV closes $948m project financing for India's largest FPSO Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have closed a $948m project financing facility for the floating production, storage and offloading vessel deployed on the east coast of Kakinada, offshore India, for Oil and Natural Gas Corporation (ONGC). Bumi said in a Bursa Malaysia filing that ...
MSC details plans for Hamburg The Hanseatic port community is in shock today as Germany's annual big government maritime conference gets underway in Bremen with delegates still absorbing Wednesday's news that Swiss-headquartered Mediterranean Shipping Co (MSC), the world's largest containerline, has moved to buy a 49.9% stake in Hamburg's largest port operator. The city-state of Hamburg and MSC yesterday signed ...
Cyan Renewables-led consortium to develop electric harbour craft operations in Singapore Offshore wind vessel pure-play Cyan Renewables, together with its consortium of six other partners, launched a project to jointly design and develop electric harbour craft operations in Singapore. Singapore targets for new harbour crafts to be fully decarbonised from 2030, but it currently lacks commercially viable solutions to enable such a transition, Cyan said. The ...
UK wind capacity overtakes gas for the first time ever An analysis from Imperial College London for Drax Electric Insights has found that the UK now has more installed wind capacity than any other type of power station after more than a century of fossil fuel infrastructure domination. The nation's wind farms reached 28.9 GW of capacity, overtaking combined cycle gas power stations with 28.7 ...
Petrobras unveils 23 GW offshore wind scheme Brazilian state-controlled oil firm Petrobras has revealed plans to develop offshore wind farms with a potential capacity of up to 23 GW. The company has applied for environmental licensing with the Institute of Environment and Renewable Natural Resources (IBAMA) for ten areas off the Brazilian coast. Of this total, seven areas are in the Northeast ...
Crowley and SEACOR join forces on tankers Crowley and SEACOR Holdings, through its subsidiary Seabulk Tankers, have announced an agreement to form a joint venture that will integrate their liquid energy and chemical transportation vessels, operations and related services into a new, independent US Jones Act service provider called Fairwater Holdings. The Fairwater fleet comprises 20 ocean-going, articulated tug-barges and 11 tankers, ...
TECO 2030 to supply hydrogen fuel cells for six Pherousa newbuilds Norwegian fuel cell developer TECO 2030 and compatriot Pherousa Green Shipping have signed a deal for the supply of hydrogen fuel cells for up to six zero-emission 63,000 dwt dry bulk carriers. Each vessel will be equipped with 12MW fuel cells for main propulsion onboard and each package will be worth around €23m ($24.7m) per ...
Seatrade adds more reefer newbuilds in China Seatrade has added two more ships to the four reefers it already has on order at China's Huanghai Shipyard. All ships will deliver by 2025 and will focus on the Latin American trades. The quick vessels are equipped with over 600 reefer plugs and geared with 40-ton cranes and form part of the company's fast, ...
Laura Maersk naming marks new methanol era Today is a banner day on Maersk's decarbonisation path with Ursula von der Leyen, the president of the European Commission, in Copenhagen for the naming of the Laura Maersk, the first in a series of methanol-powered boxships Maersk has contracted yards in South Korea to build. On a sunny morning in the Danish capital, the ...
Meadway back at Oshima with bulk carrier order Meadway Shipping has contracted Oshima Shipbuilding again to build a 42,300 bulk carrier, a second ship on order at the Japanese yard for the Greek owner. Delivery is anticipated in the first half of 2026 with no price revealed. Meadway now has nine newbuildings scheduled to be delivered between 2024 and 2026. "This strategic move ...
'Digital twins' can monitor liquefaction, Lloyd's of London told The 1946-vintage New York Produce Exchange 46 contract is still the dominant charterparty, despite three later versions, BIMCO points out
FMC chairman sees improvements in carrier conduct Two years ago, Daniel Maffei was telling carriers to buck up their public relations. In a much changed market, he...
Shipping will be target of state action in new cold war, Joint War Committee adviser claims Industry could be subject to sanctions enforcement, seizure and expropriation of vessels and armed attack, according to Herminius' Dominick Donald
Shell Marine head affirms focus on slashing emissions, not offsets Melissa Williams says emissions reduction remains the priority for decarbonising shipping, and the industry should maximise biofuels before moving to...
China Merchants confirms methanol-powered VLCC order Dalian Shipbuilding Industry Co will build the ship for $107.5m, due for delivery by end-2025
Ground-breaking boxship named Laura Maersk by European Commission president 'This new green vessel is the breakthrough we needed, but we still have a long way to go before we...
Maersk holding company sets up methanol producer C2X will aim to produce up to 3m tonnes of clean methanol by 2030, as demand for the product increases...
OCI set to double bio-methanol capacity in US OCI projects more than 6m tonnnes of incremental demand for green methanol by 2028 as more vessels use it for...
Second former senior official at CSSC research unit under anti-corruption probe Zhao, a 59-year-old official, is a former head of CSSC's 717th Research Institute
Shipmanagers set out code of conduct to counter criticism InterManager president Mark O'Neil says the test will be when commodity traders and charterers prefer vessels managed by InterManager. The...
Seafarer skills are vital to the decarbonisation effort Only eight years separate the thrills of first-job cadets and the professional responsibilities of senior deck officers. Then family life...
Crowley and Seacor to form Jones Act JV Companies will combine tanker fleets to create a new entity with 20 ocean-going articulated tug-barges and 11 tankers, and will...
Seatrade boosts boxship newbuilding orderbook Latest 1,800 teu capacity vessels ordered by refrigerated cargo vessel specialist are set for delivery from China's Huanghai Shipbuilding in...
Daily Briefing Sovcomflot transfers tankers to new non-sanctioned entity | Greed driving London brokers helping sell ships into the dark fleet |...
Logistics software helping blur lines between forwarder, shipper processes: WiseTech CEO Richard White said in an interview with the Journal of Commerce the logistics industry is stuck in a pattern of tackling small problems instead of viewing international trade as a large, connected system.
Intermodal providers uncertain whether railroads are prepared for volume rebound Railroads told the IANA conference they have made important operational changes that will translate into reliable service when demand picks up, but some logistics companies are not convinced.
Forwarders now liable for export control violations as US tightens shipping security Washington is urging NVOs and forwarders to "know their customer," a steep challenge for co-loaders who bundle multiple shipments for multiple customers into a single container, writes Journal of Commerce Executive Editor Mark Szakonyi.
'Golden Week' surge turns to bust as trans-Pacific rates fall, blank sailings rise The gains in spot rates for ocean freight are eroding again as US importers see little need to book more space ahead of the holiday shopping season.
Expedition vessel freed off Greenland after three-day grounding Three passengers had Covid-19 but were isolated by medical team and crew
Brazil's robust grain harvests and Panama Canal delays boost midsize bulkers, brokers say Average spot rates for panamax and supramax bulkers skyrocket almost 60% since late July, according to Baltic Exchange
Japan's Lepta Shipping dives into gas with order for midsize LPG carrier quartet The joint venture company has splashed out close to $270m on the dual-fuel fully refrigerated vessels
Winter LNG market kicks in with floating storage on menu, Fearnleys says Record-breaking LNG newbuilding deliveries loom for next three years but more vessels still needed to meet demand growth and fleet replacement
Harry Vafias under attack again as activist investor rips 'self-dealing' at Imperial Petroleum Greek shipowner accused of self-dealing in several recent transactions by activist investor
Monjasa eyes South America as it waits for biofuels to move beyond trials Danish supplier brings green blend to Colombia and completes first Middle East VLGC refuelling
Optimisation service Engine launches fuel trading service Company says that unlike its optimisation platform, fuel trader Engine X will have a human touch
Alternative fuels crunch should push shipowners to look at tech, classification societies say ABS and DNV suggest onboard carbon capture could be a way forward
Three-year fix: Al Seer bags big rate for former Vitol VLCC from Equinor Term deals keep rolling in as charterers seek cover ahead of expected winter rally
India and Russia build ties to exploit Northern Sea Route New Delhi is looking to improve its port network and cut voyage times for commodities from Russia
What do Bob Dylan, Ursula von der Leyen, Maersk and methanol have in common? The Times They Are a-Changin' rings out for the Laura Maersk
Shell looks to modular LNG carrier design as it targets net-zero vessels Major's new concept allows upgrading over time as new fuels emerge while offering more cargo capacity
Boom continues as Fearnleys forecast 'crushed' by record VLGC market Analyst Mia Groeng says rates looking good for a couple of years as newbuildings are absorbed or delayed
'We hear you loud and clear,' says incoming IMO chief as Carbon Intensity Indicator gets another public kicking Arsenio Dominguez said he has responded to industry consternation over controversial regulation
Tanker shipowners 'tremendously bullish' in market conditions not seen since 1996 Capital Link panellists see nothing that can change a compelling story for the sector
Furetank and Algoma venture FureBear boosts orderbook to 10 biofuel tankers Swedish and Canadian partners add to series of intermediate vessels in China
OCI Global to double US green methanol production on industry demand Demand for green methanol as bunker fuel set to top 6 million tonnes by 2028
Carbon capture and storage goes global but only when the price is right CCS seems to be on everyone's agenda, so what size ships will be needed where and when?
AP Moller Holding and Maersk team up to launch green methanol production company Danish giants cutting out the middle-man to supply their own ship fuel
Tanker owners 'tremendously bullish' in market conditions not seen since 1996 Capital Link panellists see nothing that can change a compelling story for the sector
Teco 2030 strikes $148m fuel-cell deal for Pherousa's first electric deepsea bulk carriers Technology company will enable the use of ammonia as a fuel, with a later transition to hydrogen
Comment: What price will shipping pay for its wonky moral compass? The search for profits amid Russia's war in Ukraine will have long-term consequences for shipping regulation
BP Shipping fleet shrinks by seven ships but roars back to profit Vessel impairments worth $134m written back as tankers and gas carriers transport more of UK energy major's own cargoes
KARMOL earmarks two planned LNG carrier-to-FSRU conversions for South Africa jobs Four-ship North West Shelf LNG-carrier buy concludes with at least one pair destined for conversion to floating regasification and storage units
Diamond Offshore taps bond market for upsized $550m offering Funds will go towards repaying and terminating its term loan credit facility and repaying debt
Cruise ship aground in Greenland waits for rescue vessels to arrive Ocean Explorer grounding highlights the difficulty of providing assistance to cruise ships in remote places
Freight buyers 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
Meadway Shipping adds one more handysize order at Oshima Expanding Greek owner now has nine bulk carriers on order
Japan's Lepta Shipping dives into gas with order for midsize carrier quartet The joint venture company has splashed out close to $270m on the dual-fuel fully refrigerated LPG ships
Bankrupt Bed Bath & Beyond targets more 'price-gouging' shipping lines The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Orders for freighter aircraft slow 'to a trickle' Too many freighter aircraft, especially single-aisle passenger conversions, are entering the market and lowering lease rates. But production continues to hum because cargo operators need more aircraft over the long term to support e-commerce growth and replenish aging fleets.
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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