NOV launches new offshore wind service vessel concept Add another to the string of offshore wind service vessels categories. In addition to SOVs and CSOVs, you can now include modular service and operations vessels (MSOVs). The concept has been developed
NTSB identifies cause of $1.5 million steamboat Natchez fire Combustible materials left unprotected near hot work led to a fire on the iconic New Orleans steamboat Natchez passenger vessel, the National Transportation Safety Board says in its latest report dealing with
Telemar enters into agreement with MINSHIP Shipmanagement Marlink's subsidiary Telemar has signed a maintenance and service agreement for eight bulk carriers operated by MINSHIP Shipmanagement. Under this agreement, Telemar will provide global service coordination for German shipping company MINSHIP. The deal includes the provision of the latest Telemar World Service (TWS), a web-based tool for managing scheduled and predictive service appointments for
Chinese shipyards dominate market "In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards," said Niels Rasmussen, chief shipping analyst at BIMCO. Ships delivered to new owners by Chinese shipyards in 2022 totalled 14.6 million Compensated Gross Tonne (CGT), a measure of shipyard activity, of the 30.8 million CGT delivered globally.
Marinetrans takes over Mediterranean marine logistics specialist Marinetrans, a part of GTS Group and a logistics service provider specialising in supply chain solutions for ship owners and ship management companies, has acquired Door To Deck (D2D), a marine logistics specialist in Cyprus and Greece. Marinetrans has already opened an office in Athens, the capital city of Greece, and expects to gain a substantially larger presence in the country with this acqui
ONE, Seaspan conclude second joint crisis management drill Ocean Network Express (ONE) and Seaspan Corporation concluded their second joint crisis management drill on 14 February 2023. Building on lessons learned from the inaugural joint drill in December 2021, representatives from the two companies responded to a simulated scenario involving a fire on board a container ship during an outbound passage from Vancouver in Canada. "The drill tested emergency
Hyster introduces new engine fuelling options for lift trucks Hyster has introduced new engine fueling options that allow its Big Trucks and A Series IC forklifts to use EN15940-compliant hydrotreated vegetable oil (HVO), reducing CO2 emissions. Furthermore, the H2.0-3.5A Gas to liquid (GTL) and biomass-to-liquid (BTL) fuels can be used in a series lift truck. These fuel alternatives may reduce CO2 emissions by up to 90%, assisting businesses in minimising
Transport workers' strike freezes vessel and port operations in Finland Finnish Transport Workers' Union, Auto-ja Kjetusala Työntekijäliitto (AKT), commenced its strike action on 15 February at 06:00 am (local time) impacting all ports and terminals of the country. The negotiations and discussions between the union and employer organisations about a new collective bargaining agreement were not successful and, therefore, the settlement proposals that mediator Leo Suom
DCSA's ocean carriers agree on 100% eBL transition by 2030 The Digital Container Shipping Association (DCSA) announced that the nine ocean carriers that are members of the association commit to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030. The container shipping companies commit to converting 50% of original bills of lading to digital within five years and 100% by 2030 to accelerate the digitalisation of container t
Danish analysts see "price war" behind carriers reaction to recent container demand collapse Danish maritime data analysis company noted the different approaches of container shipping lines to the demand decrease at the beginning of 2020 caused by the Covid-19 pandemic outbreak and in the recent container demand collapse, which started in September and continued until the end of 2022. In the first case, Sea-Intelligence said that carriers reacted swiftly, reducing liner capacity at a pac
AD Ports boosts both financial and container figures AD Ports Group has announced its results for the previous year, reporting strong operating and financial performance. First of all, the container throughput of the UAE-based operator grew to 4.33 million TEUs in the last year, representing an increase of 28% year-on-year, as the utilisation of the two existing container terminals continued to improve. Additionally, the total net profit of the com
MRS-CMC expands its depot in Dallas Marine Repair Services - Container Maintenance Corporation (MRS-CMC), a supplier of intermodal services, has expanded its depot in Dallas, United States from 60,000 m² to more than 100,000 m² meters. The Marino Group's company said that it has bought the site, which is less than 1.6 kilometres from the Union Pacific Dallas Intermodal Terminal, while the company has been leasing the original depot
Yang Ming could choose Hyundai Heavy Industries for newbuildings Hyundai Heavy Industries (HHI) is tipped to be chosen to build the five 15,000 TEU LNG-powered container ships being planned by Taiwan's Yang Ming Marine Transport. Alphaliner, in its report released, said that HHI had signed a letter of intent with an undisclosed Asian ship owner in early February. It is estimated that each ship is priced at US$185 million and delivery is expected between 2025 a
CMA CGM ship fitted with windshields French carrier CMA CGM has followed in ONE's footsteps by installing windshields on its large ships. According to Alphaliner's latest report, released today, the 2012-built 16,000 TEU CMA CGM Marco Polo, has been fitted with windshields while being dry docked in Yiu Lian Dockyard in Shekou, China, at the end of 2022. The retrofitted ship then resumed service on OCEAN Alliance's Asia-US East Coast
Yara Marine strengthens its portfolio of propulsion optimisation technology Yara Marine, a green technology provider firm, has announced the 300th vessel contract for FuelOpt, its automated propulsion optimisation technology. "The order strengthens Yara's presence in the rapidly growing sector of vessel optimization, as shipowners seek to minimize fuel costs and reduce emissions in line with recent regulatory requirements," commented a Yara Marine official. FuelOpt, acco
APM Terminals Mobile announces US$60 million rail expansion project APM Terminals Mobile has decided to invest around US$60 million in the expansion of its rail infrastructure capabilities. Specifically, Maersk-owned port operator plans to develop additional tracks, rail yard storage space and improved access from the berth to the railyard. APM Terminals said the new project is expected to enhance the US terminal's productivity, safety and supply chain speed. In
Kpler secures double acquisition of MarineTraffic and FleetMon Kpler, a provider of commodities data, analytics, and market insight, has announced a double acquisition, taking over MarineTraffic and FleetMon, two providers of global ship-tracking data and maritime analytics. The deal follows an earlier acquisition of FleetMon by MarineTraffic, resulting in a coordinated double acquisition for Kpler in the maritime analytics space. Both Athens-based MarineTra
CMA CGM in talks to acquire La Méridionale French CMA CGM Group has entered into exclusive discussions with its compatriot STEF Group, a European company for temperature-sensitive logistics, to acquire 100% of La Méridionale, a maritime firm for mixed freight and passenger transport in Marseille, France. CMA CGM said in its statement the finalisation of this transaction is conditional on the signing of share transfer agreements, after inf
Aker Solutions confirms cyber attack on its Brazilian subsidiary Aker Solutions' subsidiary CSE in Brazil has become victim of a cyber-attack that has impacted its Information Technology (IT) systems. Aker Solutions, a solutions, products and services provider in the global energy industry, said it "is working to contain and neutralise the attack, but does not yet know the full extent of the situation." The company has informed and is cooperating with the Braz
Seaber, Neste launch cooperation to optimise maritime logistics Seaber.io, a Finnish marine technology firm, has announced a collaboration with Neste, a producer of renewable and sustainable fuels. Neste plans marine logistics tasks such as shipping schedules and port calls using Seaber's software. According to Seaber.io, the Software as a Service (SaaS) solution is designed for both shipowners and cargo owners. Also, Seaber's technology delivers data-driven
Fratelli Cosulich adds handy bulker Italy's Fratelli Cosulich Group has purchased a 2015-built handysize bulk carrier. The price tag for the 38,900 dwt ship, online pricing platform VesselsValue estimated as worth $17.4m and owned by Japan's Doun Kisen, has not been revealed. The new addition will lift Fratelli Cosulich's fleet to 15 vessels. It will be renamed Saturnia and ...
Euroseas goes after Continental Shipping Line for charter repudiation Greek boxship owner Euroseas is pursuing legal action against Singapore-based Continental Shipping Line (CSL) for not honoring the time charter deal agreed upon last year. The Nasdaq-listed company re-fixed its smallest and oldest vessel, , to CSL in February 2022 for a period of 36 to 39 months at a rate close to 257 percent ...
MSC forges biofuels deal with DB Schenker Swiss-based liner Mediterranean Shipping Co (MSC) and freight forwarder DB Schenker, a division of German rail operator Deutsche Bahn, have sealed a deal that aims to slash carbon emissions by using second-generation biofuels. The arrangement covers 12,000 tonnes of biofuel component for all of DB Schenker's consolidated cargo, LCL (less-than-container load), FCL (full-container-load) and reefer
Well-Safe Solutions seals decommissioning frame deal with Apache Aberdeen-headquartered decommissioning specialists Well-Safe Solutions has signed a multi-year framework agreement with Apache Corporation for operations in the UK North Sea. The deal provides the US-based energy producer with access to specialist decommissioning assets the Well-Safe Defender and Well-Safe Guardian to plug and abandon (P&A) its well stock. Chris Hay, director of strategy and busi
BP makes South Korean offshore wind moves UK oil supermajor BP has struck a deal to buy a 55% stake in Norway-based Deep Wind Offshore's early-stage portfolio as part of a joint venture to develop offshore wind opportunities in South Korea. BP said the move would see it enter the South Korean offshore wind market through Deep Wind Offshore's existing presence in ...
CMA CGM follows ONE with bow windshield installation The bow windshields first invented by Japan's Mitsui OSK Lines (MOL) could be set to go mainstream with news that the world's third largest liner has installed one on a flagship in its fleet. Images from the Tugster, a blog covering ships passing through the port of New York, show the 16,000 teu has had ...
Kpler acquires MarineTraffic and FleetMon Commodities data firm Kpler has acquired two well-known ship tracking brands, MarineTraffic and FleetMon. The deal follows an earlier acquisition of FleetMon by MarineTraffic, resulting in a coordinated double acquisition for Kpler in the maritime analytics space. "Combining these companies' strong points will allow Kpler to unlock more value for the maritime sector and increase ...
Havila Shipping wins Equinor PSV charter Norwegian OSV owner Havila Shipping has secured a new contract with Equinor for the 2011-built platform supply vessel. The Fosnavåg-based firm said the contract is for a firm period of six months and includes two options of two months each. The new contract will start in the second half of February in direct continuation ...
Hyundai Heavy tipped to have won Yang Ming boxship series Yang Ming is being tipped by Alphaliner as putting pen to paper for a series of 15,000 teu ships in South Korea. The Taiwanese liner stands out among the top 10 carriers as the only one with no ships on order, but has recently sought expressions of interest to construct five 15,000 teu LNG dual-fuelled ...
Grimaldi takes concession at Amsterdam port Italy's Grimaldi Group has won a 20-year concession for a multipurpose cargo and roro terminal at the Amerikahaven dock in the port of Amsterdam. In an 80-20 joint venture with the Dutch logistics operator TMA Holding, Grimaldi has formed a subsidiary called Amsterdam Multipurpose Terminal (AMT). AMT is a 20 ha facility with a 500 ...
Aker Solutions' Brazilian subsidiary CSE hit by cyber attack Norway's Aker Solutions has informed that its Brazilian subsidiary CSE has fallen victim to a cyber attack, resulting in the temporary shutdown of most of its IT systems. The company said that it does not yet know the full extent of the situation but is working to resolve it with external expertise. "The attack is currently ...
Seafarer survey launches A new seafarer survey is launching designed to investigate what the most important contributing factors are to making shipping a better workplace. Led by the INTERTANKO Human Element in Shipping Committee, the survey is aimed at all merchant seafarers, not just those working on tankers. "We believe that your input will provide highly valued insights ...
CoolCo seeks New York listing LNG shipowner Cool Company (CoolCo) has filed for a direct listing on the New York Stock Exchange (NYSE). In connection with a listing on the NYSE, the Eastern Pacific Shipping-led company also expects to change its ticker code on Euronext Growth Oslo from COOL to CLCO. CoolCo CEO Richard Tyrrell commented: "By listing on the ...
Klaveness Combination Carriers secures landmark COA KCC Chartering, a subsidiary of Klaveness Combination Carriers (KCC), and Raizen, a Brazilian energy company, have signed a three-year contract of affreightment (COA) for the shipment of liquid and dry products. With ships often traveling empty, Raizen, the world's largest sustainable sugarcane biofuels producer, is seeking greater efficiency and sustainability in their operations by transporting
Bunker merger creates Baseblue MS United Bunkers, Bunkernet, and SBI bunkering have entered into a definitive merger agreement to create Baseblue. Described as a "merger of equals", Lars Nielsen of BMS will assume the position of CEO, Gregoris Gregoriou, managing director of Bunkernet, will be appointed chief commercial officer, and Dave Gregory, general manager of SBI, will be appointed ...
BOEM issues environmental analysis for proposed wind energy project offshore Massachusetts The US Bureau of Ocean Energy Management (BOEM) has announced the availability of its draft environmental impact statement (EIS) for the proposed SouthCoast Wind (formerly known as Mayflower Wind) energy project offshore Massachusetts. The official notice of availability will be published in the Federal Register on February 17, opening a 45-day public comment period that ...
Eastern Pacific puts filtering and carbon capture system on tanker The solution is said to be able to filter sulphur and 99% of particulate matter and capture up to 40%...
CoolCo files for direct listing on New York Stock Exchange Chief executive Richard Tyrell says NYSE-listing will expand investor base and allow US investors access to CoolCo
Saverys appeals to Euronav shareholders to vote for a sustainable future 'We're not a bunch of crazies - we've been in this game for seven generations and we know how to ride...
Russia using grain deal as 'weapon,' says Ukraine official Russia accused of delaying inspections and slowing operations under the Black Sea Grain Initiative
Danaos chief sees difficult times ahead as boxship bonanza ends Danaos net income declined 8% in the fourth quarter compared with the year-earlier period, although operating revenues rose 17%. Charter...
Variety of funding sources needed for shipping to decarbonise The European Council is reviewing proposals to potentially include shipping in a specialised lending scheme, with a decision expected later...
Maersk's aim to shake up supply chains has further to run Maersk is less than half way through its transformation from shipping conglomerate to logistics integrator. It wants to change the...
Cosco Shipping boosts capacity at Quanzhou terminal Two China-Southeast Asia services have been added to the terminal to help grow volumes
Boxship fuel-saving device gains traction CMA CGM is following first mover Mitsui OSK in adding aerodynamic windshield to a large containership, with potential to reduce...
Leading box lines agree to digitalise bills of lading by 2030 After settling on a standard through the DCSA, carriers are now moving forward with digitalising shipping's most important documentation. The...
Ardmore to install carbon capture scrubbers on some vessels Ardmore is equipping six tankers with the system, which is expected to reduce water discharge to one third of a...
Russian oil revenue fell sharply in January on crude price discounts, says IEA Russia's oil export revenues fell by 36% to $13bn last month despite higher crude exports, as Russian crude traded at...
Safe Bulkers buoyed by scrubbers and capesize period charters 'We are focusing on renewing our fleet, while reducing the footprint of existing vessels,' says company president Loukas Barmparis
Newly acquired bulk carrier spotted in Sevastopol The latest images coupled with recent name and flag changes suggest the handysize bulker has been acquired by a company...
Smaller liner operators see shake-up as market turns Carriers outside the top 10 global players that expanded during the period of high demand are now facing pressure. But...
SIPG former chairman Chen under anti-graft investigation Mr Chen left the state-owned port group to head the state-backed sports association in 2019
China and India among developing countries seeking delay in revision of shipping's emission strategy Position taken by countries including Brazil, India and China underscores the divisions over shipping decarbonisation targets that remain between western...
EU port authorities detain three tankers linked to Russian oil trades Detention signals impatience with high numbers of Russian-linked tankers at anchor in international waters off Spanish and Greek coasts
Cyprus axes ships as EU targets Dubai Sovcomflot operations UPDATE: Cyprus government confirms final Sovcomflot-linked vessels will be removed as the EU looks to target Sovcomflot's Dubai-based technical manager...
Methanol-fuel bulk carrier orderbook boosted by ultramax newbuilding contract Japanese shipbuilder Tsuneishi is set to build the world's first methanol-fuel ultramax bulk carrier
Daily Briefing Greece-owned tankers ship Russian cargoes from Baltic ports | Bunker firms' 'merger of equals' creates Baseblue brand | EU sets...
CMA CGM in talks to acquire French ferry operator La Méridionale CMA CGM said it planned to invest in new alternative fuel ro-pax ships for La Méridionale's services from Marseille to...
US flatbed trucking activity sees early regional revival: DAT Demand for flatbed tractor-trailers is rising along the Gulf Coast and Southeast, buoyed by project cargo, shifting freight patterns, and a warmer-than-normal winter, DAT Freight & Analytics says.
Year-on-year decline in US imports from Asia accelerated in January The West Coast's share of US imports from Asia continued to erode last month as retailers shipped their discretionary cargo through East and Gulf coast ports to avoid potential disruption linked to ongoing labor talks.
Maersk culls another trans-Pac service as ship supply outstrips demand Maersk's move is part of a raft of service changes by it and other carriers as they wind down trans-Pacific vessel capacity they quickly brought on during the pandemic-driven demand surge.
DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions MSC vessels that transport containers for DB Schenker will use a blend of biofuel under an agreement designed to generate substantial cuts in CO2 emissions this year.
Container leasing market slows amid ocean sector cooling: Textainer Although some shipping lines are holding onto spare container capacity ahead of an expected pickup in demand in the second half of the year, most are finding they no longer need the quantity of containers they possessed throughout the historic, two-year surge in demand.
Top container lines commit to complete shift to electronic bills of lading by 2030 Major container lines have agreed to an ambitious 2030 deadline to migrate from paper bills of lading to digital versions as resistance to such initiatives weakens.
Vafias says Imperial Petroleum needs to keep growing using equity raises New York-listed tanker owner to keep up controversial practice until it gets to 20 ships or more
Capesize bulker market continues to fall as activity slump grips Atlantic and Pacific markets Rio Tinto iron ore fixtures from Australia and Quebec both show rate decline
'Risk of litigation' leads Atlas to disclose new details ahead of take-private vote New details include valuation estimates and reasons for rejecting initial offer by Poseidon shareholders
SFL Corp upgrading rig in hopes of catching offshore drilling upswing John Fredriksen company hoping for longer-term charter later this year and distributable cash flow starting next year
Navig8 snaps up familiar product quartet from German shipowner Germany's Jacob Shipping group divests its clean product tanker fleet in a deal that has been brewing for some time
Serial buyer SFL reveals sale of older suezmax and ups dividend SFL is raising its dividend after another profitable quarter, and has announced the sale of an older suezmax tanker
Saverys promises calm talks on Euronav after bitter merger battle Family wants a quick solution to end the bitterness of merger battle
Saverys promise calm talks on Euronav after bitter merger battle We're not a "bunch of crazies" who plan to shred the Euronav business plan, says Alexander Saverys
Fratelli Cosulich buys handysize bulker from Doun Kisen Italian owner will charter vessel to Lauritzen Bulkers
Methanol bunker demand for container ships to reach 3-mtpa by mid-2020s Dutch fertiliser, fuels, and feedstock provider OCI is also encouraged by orders from non-boxship segments
Euroseas sees Asian line repudiate charter of vintage container ship US-listed owner pursues legal action against Continental Shipping Line, but sees no further fallout on other ship
UAE outfit Akron linked to product tanker quartet at Chinese shipyard Tanker newbuildings will be the largest ship type for the 65-year-old state-owned shipyard
Lorentzen & Co cuts broking staff after results disappoint Broker is in talks with staff to see who will leave
Vietnamese tanker detained after Russia sanctions probe The Elephant was involved in an oil product trade linked to a former Russian-flagged vessel
Euroseas sees charterer repudiate employment for vintage container ship US-listed container ship owner says it is pursuing legal action against Continental Shipping Line
Green Seas: Nations call for IMO to adopt 37% emissions cut for shipping by end of the decade Our weekly environment newsletter reports on proposals by US, Canada, UK and island countries to lay out mile-marker targets, including slashing greenhouse gas by 96% in 2040
Biggest container lines aim to save billions with 100% electronic trading by 2030 Carriers which are members of the Digital Container Shipping Association (DCSA) commit to fully adopting electronic bills of lading based on open-source standards
Sovcomflot-linked Dubai shipowner Sun Ship Management faces EU blacklist SCF Group denies Sovcomflot tankers were transferred to Dubai-based entity following Russia's invasion of Ukraine
Thenamaris returns to Chinese shipyard for product tanker order trio after ten-year hiatus Greek owner is poised to order three high-spec aframax product carriers costing around $190m
'Refuse to work': Ukraine slams Russia over Bosphorus grain shipping delays Kyiv complains that 140 inbound and outbound ships are queuing in the UN's Black Sea Grain Initiative
CoolCo applies for New York Stock Exchange listing Euronext Growth Oslo-listed LNG carrier owner set to see its stock quoted in US from mid-March
Whisper it, but offshore oil and gas investment is making a comeback Oil companies are redrawing decabonisation plans in the name of 'global energy security'
Container freight rates will bounce back, insists Rolf Habben Jansen Hapag-Lloyd boss tells Marine Money Hamburg that markets have overshot and liners will avoid a price-war
Japan P&I Club losses 'worse than expected' Insurer is asking its shipowner members for a supplementary call covering two policy years
ICS submits $10bn plan for Fund and Reward green fuels scheme to IMO Details of scheme to reward first movers for the CO2 emissions prevented by the use of alternative fuels suggest an initial price of $50 per tonne of fuel
Kpler buys MarineTraffic as it cements rapid growth strategy Acquisitions of ship tracking services designed to address demand for marine digital tools
Nakilat cashes in on energy demand rise to log record profit LNG shipowner said it diversified its portfolio and international presence during 2022
IEA: Russian oil revenues tumble despite successful trade reshuffle Energy body says G7 oil price cap has been successful in driving down prices but keeping oil flowing
Strong fourth quarter boosts revenue for Malaysia's MISC by 29.9% in 2022 Asian shipping giant ends its 2022 financial year with a pre-tax profit of MYR 1.87bn ($427m)
Germany's third FSRU-based terminal receives first cargo Adnoc shipment finally delivered to Elbehafen LNG in Brunsbuttel
Strong chemical market awaits stainless newbuilding deliveries Hansa Tankers is not making prophecies but finds the limited all-stainless orderbook a hopeful background for newbuildings
Flying hydrofoil ferry among winners of £60m UK green marine funding Projects for electric ferries, hydrogen powered fuel cells and wind propulsion technologies share in UK scheme to foster cleaner ships
Drones used to bomb Zodiac tanker in 2021 now in Ukraine, says US Intelligence report said to provide a visual comparison of UAVs used by Russian forces in Ukraine and Iranian UAVs used against US interests in the Middle East
Harald Moraeus-Hanssen holds a diversified fleet after pivot from box to offshore Hockey team owner and former boss of Fearnley Securities has quietly navigated his Uthalden Maritime to a substantial physical fleet
Big jolt for Japan's JOLCO finance as regulations kick in Popular Japanese financing tool faces tough new lending conditions
Drones used to bomb Zodiac tanker off Oman now in Ukraine, says US Intelligence report said to provide a visual comparison of UAVs used by Russian forces in Ukraine and Iranian UAVs used against US interests in the Middle East
Scrap prices stable as Indian and Bangladeshi recyclers scoop up eclectic tonnage mix Demo vessel supply remains tight as Pakistan continues to sit on the sidelines
Topouzoglou-backed project exports Israel's first ever crude shipment Company says cargo has been sold as part of a multi cargo marketing agreement with Vitol
Danaos Corp misses estimates as chief executive sees container boom 'behind us' New York-listed container ship owner's John Coustas expects 'difficult times ahead' for once-booming sector
Port of Savannah exports up, total cargo volume down The Georgia Ports Authority said a 16% drop in imports year over year "was fueled in part by reduced orders in retail and manufacturing."
APM Terminals Mobile announces $60M rail expansion plan APM Terminals Mobile has begun a $60 million rail expansion project at the Port of Mobile, Alabama.
International Maritime Hall of Fame inductees announced The recognition by the Maritime Association of the Port of New York and New Jersey "is reserved for those who have made a lasting difference in our industry and helped advance all aspects of the global transportation industry."
Marine data sector is shrinking through acquisitions Belgian data and analytics company Kpler has acquired MarineTraffic and FleetMon in an effort to improve maritime intelligence.
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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