Key suppliers selected for world's first hydrogen-hybrid research vessel Ballard Power Systems and Chart Industries have been selected by Glosten and Siemens Energy to provide the fuel cells and hydrogen storage system for what is slated to be the first hydrogen-hybrid
Casco Bay selects BHGI to design Maquoit II replacement Bristol, R.I., headquartered naval architect firm Bristol Harbor Group Inc. (BHGI) reports that it has been selected by Casco Bay Lines (CBL), Portland, Me., to provide naval architecture and marine engineering services
cargo-partner to double capacity of its iLogistics Center in Slovakia The international transport and logistics provider cargo-partner officially launched the construction of the third warehouse hall at its iLogistics Center in Dunajská Streda in Slovakia. The expansion will almost double the storage capacity from the current 27,600 to 50,000 pallet spaces, while upon completion, cargo-partner will create 60 to 70 additional jobs at the new facility. The company ha
Two feeder ships fined in Bangladesh for violating flag rules Two feeder container ships, one operated by X-Press Feeders and the other by Straight Orient Lines (SOL), have been fined for loading cargo and completing voyages without securing waiver certificates from Bangladeshi authorities. The Mercantile Marine Department (MMD) has imposed fines on the operators violating rules under the Bangladesh Flag Vessels Protection Act 2019. The MMD fined the operat
Bolloré Logistics appoints new CEO for Middle East region Bolloré Logistics has announced that Jean-Baptiste Rambaud has been appointed as chief executive officer (CEO) of Bolloré Logistics Middle East. Based in Dubai, he will work toward the development of the region. Jean-Baptiste Rambaud aims to launch new projects to drive the company's growth in several key sectors such as Aerospace, Healthcare, Luxury goods, and Food & Reefer. Jean-Baptiste Rambau
Europris chooses Maersk's low-carbon shipping option Norway-based Europris, retail company with more than 260 supermarkets and one of the largest importers of containerised goods from Asia into Norway, has chosen Maersk's ECO Delivery product aiming to reduce greenhouse gas (GHG) emissions from seaborne logistics. Maersk and Europris have a long-standing partnership in end-to-end logistics. With ECO Delivery Ocean, Maersk offers its customers the o
CMA CGM upgrades its Asia - Africa network French carrier CMA CGM announced the revamping of its services connecting Asia with West and South Africa, effective from the first week of December. CMA CGM's WAX service will now be dedicated to Nigeria, Ghana and Côte d'Ivoire, with an enhanced fleet, while WAX3 service will continue to serve Togo and Nigeria. Additionally, the Shaka service will provide transshipment service to Cape Town via
COAST Autonomous and Nexxiot partner to improve port and rail yard operations COAST Autonomous, a pioneer in Artificial Intelligence (AI) and Autonomous Systems for industrial applications, and Nexxiot, an Asset Intelligence solution provider, have formed a strategic alliance to increase logistics efficiency, security and safety. COAST's award-winning autonomous technology will be combined with Nexxiot's experience in digitalising shipping containers and railcars to optimi
Rates continue falling with capacity additions Transpacific rates came under more pressure last week as liner operators began adding capacity. The Shanghai Containerised Freight Index (SCFI) on 10 November showed that Shanghai-US West Coast rates lost 12% to US$1,843/FEU, while Shanghai-US East Coast rates dipped by 3%, to US$2,354/FEU. Consultancy Linerlytica said, "Zim's re-introduction of its ZIM eCommerce Xpress (ZEX) in November came as
OOCL warns against fake software using its logo Orient Overseas Container Line (OOCL) warns about "suspicious investment software" that is using its logo without its authorization. "The software claims to offer high returns on investments. However, we have no connection or affiliation with this software or its developers, and we do not endorse or recommend it in any way," said OOCL in a statement. The company pointed out it does not offer any
Sirius/Neo Bossa service makes first call at Rio Brasil Terminal Rio Brasil Terminal (RBT), a business entity of International Container Terminal Services Inc. (ICTSI) operating in the Port of Rio de Janeiro in Brazil, recently welcomed the first call of the Sirius/Neo Bossa service operated jointly by CMA CGM and Maersk. The arrival of the 9,000-TEU Maersk Lota, followed by the 10,000-TEU CMA CGM Columbia, marked the beginning of the weekly service at RBT. Th
Maersk reshuffles services in Far East - Africa network A.P. Moller-Maersk has announced several changes to its services between the Far East and Africa. The Danish carrier said the updated FEW (Far East-West Africa) services will provide improved connection, increased reliability, and shorter transit times, while a new Cape Town Express service will connect South Africa. The following new rotations for FEW2, FEW3, and FEW6 services will be effective
Arcadia Shipmanagement orders first newbuilds since 2015 Greece's Arcadia Shipmanagement has been named as the owner behind a recent order for a pair of suezmax tankers in South Korea, marking its first newbuilds for around eight years. Shipbuilder HD Korea Shipbuilding & Offshore Engineering revealed the order in an exchange announcement last week by an unnamed Liberia shipping company. According to brokers, ...
Standard Supply offloads PSV trio in $72m deal Norwegian OSV owner Standard Supply has sealed a deal to sell three of its large platform supply vessels for $72.2m. The deal, which will see Standard Viking, Standard Supplier and Standard Defender exit the fleet, is subject to certain conditions to be lifted within the end of November. The company said it expects gross proceeds ...
Aker Solutions awarded second Norfolk Vanguard offshore wind contract Aker Solutions has won another sizeable contract worth between $46m and $138m from Swedish utility Vattenfall for the Norfolk offshore wind zone development in the UK. The Norwegian energy services giant has this time secured work on the Norfolk Vanguard East following a limited notice to proceed contract for the Norfolk Vanguard West earlier this ...
Safe Bulkers sells oldest vessel as part of renewal strategy New York-listed Greek dry bulk owner Safe Bulkers has entered into an agreement to sell the oldest vessel in its fleet. The company said that it sold the 2004 Japanese-built, 76,015-dwt panamax bulker at a gross sale price of $10.2m. Safe Bulkers did not reveal the buyer of the vessel but did state that it ...
Performance Shipping sheds 2007-built aframax for $39m Greek tanker owner Performance Shipping has signed a Memorandum of Agreement to sell one of its tankers to an unaffiliated third party. The Nasdaq-listed firm said it sold the 2007-built, 115,915-dwt aframax tanker for a gross sale price of $39.3m. Delivery to the undisclosed buyer is scheduled for December 2023. Following the sale, the company ...
BW LPG sells 2008-built VLGC for $64m VLGC owner BW LPG has confirmed the sale of its fifteen-year-old for around $64m in a strong secondhand market. The 82,383 cu m ship is expected to deliver to an undisclosed owner in the first quarter of 2024. Brokers had earlier linked the ship to a UAE buyer in a deal worth about $65m. The ...
Star Bulk ships out vintage tonnage Greek dry bulk giant Star Bulk Carriers has revealed a series of sales of older vessels. The Petros Pappas-led owner and operator of around 120 ships has agreed to offload five ships built between 2003 and 2012 for $72.5m. The Nasdaq-listed company has sold and already delivered the 2003-built supramax Star Zeta to an unnamed ...
China Merchants splashes over $500m on eight newbuilds China Merchants Energy Shipping (CMES) has added eight newbuilds to its orderbook in a deal worth around $508m. The diversified shipping arm of China Merchants Group will be adding four methanol dual-fuel car carriers and a pair of kamsarmax bulkers and multipurpose carriers each. The deal for four car carriers is an option called at ...
Sea World Management taps Guns N' Roses for latest ship name Monaco's Sea World Management has delved into the 1980s American rock music scene for the name of its latest ship. Sea World Management's first tanker purchase in years has seen a ship rechristened , the name of one of the most famous songs by Guns N' Roses, which featured on their 1987 debut album, Appetite ...
CII alternative pitched by Danish Ship Finance Danish Ship Finance has issued its latest biannual markets report in which it has called for the International Maritime Organization's Carbon Intensity Indicator (CII) to be replaced with a voyage index that shows carbon intensity per voyage to allow performance to be evaluated and optimised. The voyage index would be powered by a global terminal ...
MOL and K Line press ahead with liquefied CO2 carrier plans Japanese shipowners Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K Line) have teamed with local utility Kansai Electric Power Co (KEPCO) to conduct feasibility research on the design of a liquefied CO2 carrier at shipyards in Japan and overseas. Leading shipbuilders in Japan have joined forces to design a liquified CO2 carrier, with the ...
Chevron restarts Tamar gas production after Gaza war stoppage US oil and gas company Chevron has resumed the supply of natural gas from the offshore Tamar field, over a month after it was ordered by Israel to stop production due to escalating conflicts in the region. Chevron restarted supply from the field and said that Israeli authorities instructed the US company to resume operations ...
Fincantieri to develop shipyard at Ancona A shipyard is to be built at the port of Ancona on the Italian Adriatic coast. The yard, which will focus on newbuilds and repair, will be controlled by the local port authority and Fincantieri, Italy's top shipbuilder. In total, EUR80m ($86m) has been earmarked for the project, split 50:50 between the two partners. The ...
Naftomar orders world's largest ammonia carriers Hanwha Ocean, the South Korean shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering, has won an order from Greece's Naftomar worth $496m for four very large ammonia carriers. The 93,000 cu m vessels will deliver by the first half of 2027 and the newbuilds can switch to using ammonia as fuel at a later ...
New dry bulk index launches Platts, part of S&P Global Commodity Insights, has launched the first new dry bulk composite index in more than three decades to be priced in dollars per day, reflecting the freight paid for hauling various commodities across 35 major routes where capesize, panamax, kamsarmax, ultramax and supramax ships ply. With the new Platts Dry Index, ...
It's time to bunker down on AI Ami Daniel, CEO of Windward, writes for Splash today on the next revolution to take place in bunkering. Marine bunkering - the act of refuelling large ships in either port or at sea - is one of the fundamental anchors of the maritime world. Already valued at $150.7bn globally, the bunker fuel market is projected ...
Panama Canal restrictions could add weeks to Navigator Gas' voyages Navigator Gas, the largest owner of handysize gas carriers, reports another robust quarter on a strong petrochemical market. It says...
Seanergy eyes 'best fundamentals' for capesizes in three decades Nasdaq-listed owner is projecting a significant increase in average rates for its fleet for the fourth quarter
Oil demand growth to ease in 2024, IEA says The IEA estimates slowing oil demand growth in 2024, as the agency expects the pandemic recovery's impact to dissipate and...
Platts challenges Baltic Exchange with new dry bulk indices The index weighting is calculated using tonne-miles, by multiplying the volume of cargo moved in metric tonnes by distance travelled...
Star Bulk optimistic about market despite profit dip Revenues fall by 39% despite fact that company's ships easily outperformed the market
West weighs in with P&I rate hike International Group affiliate to increase premiums at the upper end of going rate
Webinar: Is shipping's zero carbon transition back on track? Register now Join us for the latest Lloyd's List webinar, taking place on Thursday, 16th November at 2pm GMT, to hear the...
Danaos launches new $100m buyback and hikes dividend Results have yet to show impact of diversification into dry bulk, but Danaos will seek to 'opportunistically' expand bulker presence...
HHLA volumes continue to retreat European demand remains anaemic in the face of inflation and higher interest rates. Storage revenues are down now that congestion...
OSG's Sam Norton to optimise his Jones Act tankers rather than build new ones With prices for newbuilding Jones Act tankers estimated at more than $200m, Overseas Shipholding Group chief Sam Norton believes optimising...
Daily Briefing Türkiye shipmanager Unic takes on nine Gatik tankers shipping Russian oil | US Treasury said to target 30 shipmanagers over...
Naftomar adds to growing global ammonia carrier orderbook with $500m newbuild contract Naftomar Shipping & Trading joins Avance Gas, Brave Maritime, Eastern Pacific and Exmar in placing orders for combined LPG and...
Rate spread between US East-West coasts erodes amid shifts in volume, sourcing The long-standing spread, typically around $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing.
GPA invests $262 million to upgrade Brunswick's ro/ro facilities GPA's ability to handle growing volumes has attracted the likes of Rivian and Hyundai, both planting roots in Georgia to export vehicles from new facilities through Brunswick.
Tufton investment chief Paulo Almeida departs as former TMS man steps in London-listed outfit says CIO wants to spend more time with family and part-time interests
Seanergy posts loss but is 'encouraged' by low inventories and higher demand New York-listed bulker owner continues $0.025 dividend despite ending up in the red for third quarter
Poland's Gaz-System 'just one step away' from inking FSRU charter Energy company confirms shortlisted final two are BW LNG and Mitsui OSK Lines
Transmed scores top-dollar price for capesize fresh from the shipyard ArcelorMittal's shipping unit linked to the purchase of one of the most modern capesizes on the water
Seven arrested as UK Serious Fraud Office opens probe into Axiom Ince UK white-collar crime agency has been investigating the misuse of $82m in collapsed law firm's client funds
Performance Shipping pockets profit from sale of oldest aframax tanker Values for 15-year-old aframaxes hold ground gained from war in Ukraine
Seven ex-Axiom Ince staff arrested in raid by UK Serious Fraud Office UK white-collar crime agency has been investigating the misuse of $82m in collapsed law firm's client funds
MOL working with charterer Kepco to develop CO2 carrier design Japanese giants examining the optimal size for newbuildings
Satcoms upheaval: Can Elon Musk sprinkle his stardust on shipping? Starlink has 5,000-plus satellites in orbit, more than 7,000 vessels use it and it could soon be ubiquitous
Norwegian retailer Europris goes for green shipments with Maersk More cargo owners are opting for low-emission transport ahead of EU ETS deadline
USTC's Uni-Tankers achieving emission reductions of up to 15% Co-owner Mia Ostergaard Rechnitzer unveils Danish group's second sustainability report
Ukraine ship corridor loses steam after deadly missile strike on Odesa Rising risk perception and insurance costs put a dent in the beleaguered Black Sea trade
Coming to America: question marks over whether Okeanis will trade higher in New York Analysts say dual listing will boost stock liquidity, but pricing is uncertain
Russian shipping costs rose after US price cap action IEA says Russian volumes and revenues were barely changed in October despite US targeting ships for the first time
Naftomar orders four very large ammonia carriers at Hanwha Ocean Greek owner is paying $125m each for dual-fuel vessels
Low-profile Valloeby Shipping said to be cashing in on tanker trio Malta-based owner reported to have outperformed market valuations by selling former Sea Tankers vessels
Oil demand rising as US barrels flow amid volatility IEA upgrades forecast for global demand backed by China's petrochemical sector
Evalend Shipping linked to LNG carrier duo at HD Hyundai Heavy Industries Greek owner appears to be doubling up on LNG vessels after recent break into sector
Tanker sales keep profit growing at Petros Panagiotidis-led Toro Corp Castor Maritime spin-off logs lower revenue due to smaller fleet, but markets 'robust'
Navigator expects better profit over winter after record third-quarter earnings LPG carrier owner says spot activity will rise, pushing time charter rates up
20-year-old Sinokor LNG steamship 'pushed' for sale like the 'hottest thing on the planet' South Korean owner is scheduled to take delivery of first LNG carrier newbuilding in 2024
Braemar poised to publish results and hopes to resume share trading Bosses plan roadshow as company finalises financial reports following probe into legacy deals
Naftomar inks four very large ammonia carriers at Hanwha Ocean Greek owner is paying $125m each for the 93,000-cbm ammonia dual-fuel gas carriers
Danaos adjusted earnings slip just below analyst expectations amid container market challenges New York-listed owner still provides shareholder dividend, confirms purchase of Sinokor capesize duo
Safer shipping? Hill Dickinson's Peter Jackson mulls the huge changes over his 40-year career Outgoing CEO has seen a shift towards transactional law over the decades
India leads the way as Unifleet ethylene carrier and MSC boxship scrapped Prices see some positive - but likely temporary - movement upwards
Star Bulk revs up fleet renewal with spate of orders and ship sales Giant US-listed bulker owner returns to Chinese shipyards to ink up to four fuel-efficient kamsarmaxes
Squire Patton Boogs raids Ince to boost Hong Kong team Law firm says latest recruits will enable it to provide increased depth and strength to its client base
Seatrium plays down impact from US offshore wind troubles Singapore-listed offshore yard group said it is unaffected as it is paid based on project milestones
Danaos adjusted earnings slip just below expectations as charter rates fall New York-listed owner still provides shareholder dividend
ATI cargo pilots give union power to call a strike Cargo pilots at Air Transport International are frustrated by the pace of negotiations for a labor deal and ready to go on strike.
New logistics terminal opens along Texas Gulf Coast Project freight forwarder deugro has opened a container terminal in Baytown, Texas, along the Houston Ship Channel.
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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