MSC rescue and salvage vessel at India's L&T Shipyard for repairs The Military Sealift Command's rescue and salvage ship USNS Salvor (T-ARS 52) arrived at Larsen & Toubro Ltd (L&T Shipyard), in Kattupalli near Chennai, India, for repairs on Sunday, July 9, 2023.
New Incat 24 commuter ferry goes to work for SeaLink Queensland Now in operation for Australia's SeaLink South-East Queensland, the Talwurrapin, is a 24 meter, 200 passenger Incat Crowther 24 commuter ferry that incorporates a number of design elements tailored specifically to SeaLink's
B.C. port strike: Tentative settlement agreed A tentative agreement has been reached in the labor dispute between the ILWU Canada and the British Columbia Maritime Employers Association (BCMEA). The B.C. port strike has caused an estimated CAD 9.7
Philly Shipyard wins contract for hospital ship replacement study Philly Shipyard Inc. reports that it has been awarded a contract by Gibbs & Cox to conduct the T-AH(X) Hospital Ship Feasibility Study. The six-month hospital ship replacement study will cover a
NYK orders its sixth LPG/ammonia VLGC Japan's NYK Line has placed an order with Kawasaki Heavy Industries Ltd. (KHI) for its sixth LPG / liquefied ammonia very large gas carrier (VLGC). To be built at the KHI Sakaide
Op-Ed: A closer look at MLC 2006 By Philip Schifflin, Jr., Esq., Director, Center for Mariner Advocacy, The Seamen's Church Institute NOTE: While the amendments outlined in this op-ed have not yet entered into force. The period for member states
CMA CGM revises peak season surcharge from India West Coast to East Coast South America CMA CGM has decided to revise the Peak Season Surcharge (PSS) from India West Coast to East Coast South America. The updated surcharge will be US$150 per container, will be applied only for dry cargo and will be effective from 13 August to 15 September. The post appeared first on Container News .
APM Terminals increases Costa Rica terminal security with new container scanners The government of Costa Rica and APM Terminals Moin inaugurated two new container scanners to increase security for boxes leaving the terminal. The new equipment will join an existing scanner that has been in operation since 2020 aiming to provide better tools to the Government of Costa Rica in order to prevent illegal cargo and container contamination. This important investment, made by APM Term
Senior vice president Tiitola steps down from Konecranes Topi Tiitola, senior vice president of Integration and Project Management at Konecranes, has decided to leave the company. He will leave the Konecranes leadership team today (14 July) but will remain at the company until 14 January 2024. "I want to thank Topi Tiitola for his contribution to Konecranes' leadership team and the company overall over the past years. I warmly wish Topi all the best in
Canada port strike ends with tentative agreement The strike of the port workers at Canada's west coast ports has come to an end after International Longshore and Warehouse Union (ILWU) Canada and BC Maritime Employers Association (BCMEA) accepted the Terms of Settlement from federal mediators and reached a tentative agreement. The parties are now finalising details for the resumption of work at the ports, according to a joint statement by Canad
Fake designer goods, e-cigarettes seized from container in Hong Kong Hong Kong customs officials have seized a substantial quantity of counterfeit designer apparel and e-cigarettes from a container that was about to be transhipped. Hong Kong Customs and Excise Department announced on 12 July that its personnel from the harbour and river trade division intercepted a 40-foot container on 27 June. The box had arrived from Nansha, a sub-port of China's Guangzhou port,
Wan Hai newbuilding involved in collision outside Cai Mep Another of Wan Hai Lines' ships has become embroiled in a collision. On 13 July, Wan Hai A02, which the Taiwanese liner operator took delivery from HD Hyundai Heavy Industries in April, is believed to have collided with Vassos 2, a 2019-built 81,600 dwt bulk carrier owned by Greece's Safe Bulkers, while on its way to Shekou, China. The 13,200 TEU Wan Hai A02 is deployed on an Asia-US West Coast s
Container spot indices stem weekly falls momentarility-but too early to say the bottom is found The Shanghai Containerized Freight Index (SCFI) put a strong weekly reversal to end at 979 points, an appreciation of 5.1% on a weekly basis. Incidentally, this is only the second occasion where the index has registered a 5% weekly increase in rates over the past 26 months. Its Shanghai Shipping Exchange counterpart the Chinese Containerized Freight Index (CCFI) had no such touchwood moment thoug
XPO launches new multimodal route in Europe Global transportation company XPO has expanded its multimodal services with the opening of a new route between Santander in Spain and Liverpool in the United Kingdom. According to the company, the combination of road and sea transport in this new corridor provides a 25% increase in freight capacity for customers. At this moment, XPO operates two weekly departures from the port of Santander to the
Transworld Group and Fleet Management form new ship management firm Transworld Fleet Management is a new ship management joint venture created by Transworld Group, a global shipping and logistics solution conglomerate and Fleet Management (FLEET), a ship management company. Transworld Group's diverse fleet, which comprises container vessels, bulk carriers, and tankers, as well as Transworld-related and connected vessels, will benefit from specialised technical ma
Jeddah Port sets new container record with over 470,000 TEUs in June Jeddah Islamic Port achieved its largest container throughput in a single month in June, handling 473,676 TEUs, which is a 16% increase over the same month in 2022. Major shipping lines added Jeddah to eight cargo services in the first six months of the year, offering maritime connections to 260 ports across the Middle East, Europe, Africa, the Americas, and the Indian Subcontinent, as well as co
Box volumes plummet in Long Beach During the first half of 2023, the Port of Long Beach handled 3,732,676 TEUs, translating to a 25.5% decrease over the same time the previous year. Last month, dockworkers and terminal operators moved 597,076 TEUs, a 28.5% decline from June 2022, which is the port's busiest June on record. Imports were 34% lower at 274,325 TEUs, while exports fell by 18% to 94,508 TEUs. At the dame time, the numb
Former ABN Amro shipping head Joep Gorgels joins Greenstar Capital Veteran financier Joep Gorgels has emerged as senior advisor for shipping at Greenstar Capital, an Amsterdam-based fund offering investment opportunities in carbon allowances. Gorgels spent more than two decades with Dutch lender ABN Amro Bank before stepping down as head of shipping last year. After leaving ABN Amro last April, Gorgels took on leadership roles ...
Prompt delivery slots disappear Prompt newbuild delivery slots are becoming rarer than on the record comments from Gianluigi Aponte, the founder of Mediterranean Shipping Co (MSC), the company with more tonnage on order than anyone else. Latest data from brokers BRS shows owners have next to no chance of getting a ship delivered next year, barring concluding resale deals, ...
Shearwater awarded OBN and streamer hybrid survey off Norway Norwegian offshore seismic specialist Shearwater GeoServices has been awarded a hybrid ocean bottom node and towed streamer seismic survey by OMV over the Berling gas and condensate discovery off Norway. Spanning 1,040 sq km, the survey will commence in July and last for three months. Shearwater's vessels SW Tasman and Oceanic Vega will lead the ...
Canada port strike ends Quay cranes whirred back into action at ports across British Columbia late yesterday afternoon as a tentative deal between unions and employers was reached to end a 13-day strike. The four-year deal, hammered out with help from federal mediators, is subject to ratification by both sides. British Columbia premier David Eby applauded the thaw in ...
Transworld and Fleet form shipmanagement joint venture Transworld Group and Fleet Management have established a new shipmanagement joint venture, Transworld Fleet Management, the latest in a series of shipowner/manager tie-ups around the world. Transworld's diversified fleet includes container vessels, bulk carriers, and tankers. Transworld chairman Ramesh Ramakrishnan said the joint venture would enable the company to focus on the shipownership aspe
NYK orders another LPG/ammonia carrier Japan's Nippon Yusen Kaisha (NYK) has ordered a sixth liquefied petroleum gas (LPG) dual-fuel very large LPG / liquefied ammonia gas carrier (VLGC) from Kawasaki Heavy Industries(KHI). The ship will be built at the KHI Sakaide Works shipyard and is set for delivery in 2026. No price has been revealed for this latest order. This ...
Nicolas Saverys fails in first bid to take Exmar private Nicolas Saverys has not been successful in his initial bid to take over Belgian gas shipowner and infrastructure provider Exmar. Saverys' investment vehicle Saverex will have to do it a second time after 29.14% of the outstanding shares of Exmar were tendered to the offer during the first acceptance period. As a result, after accounting ...
The top 10 dark fleet shipping companies in Russian oil trades Some, but not all, of the leading 10 shipmanagers and commercial operators in Russia trades have insurance from Western providers...
The next IMO secretary-general: Moin Ahmed Moin Ahmed is now the special envoy to the minister for shipping for the government of Bangladesh after ending an...
Owners should consider kidnap insurance in piracy risk areas, argues Reed Smith Outlays such as use of crisis consultants not always covered by standard P&I policies
To err is human. But that's no excuse for shutting down the Suez Canal If the industry is to have confidence in the Suez Canal Authority's pilotage service, extensive retraining and assessment of English...
MEPC80 explained: What the IMO's revised climate strategy means for shipping The IMO's newly revised strategy will have serious implications for the shipping industry in the coming years, affecting thousands of...
Transworld and Fleet establish shipmanagement joint venture New venture targets markets in India, Hong Kong, Singapore and Dubai
The next IMO secretary-general: Dr Cleopatra Doumbia-Henry After a long and distinguished international legal career, Doumbia-Henry was appointed as president of the World Maritime University in 2015
Salvors report further slump in revenues ISU member companies had a poor year in 2022. Both the number of cases and earnings from that work fell...
The next IMO secretary-general: Suat Hayri Aka Montreal-based Aka, a former seafarer who also served as undersecretary of his country's Ministry of Transport is currently representing Türkiye...
Wan Hai boxship and Safe Bulkers kamsarmax collide in Vietnam Wan Hai Lines-owned containerships have been involved in a spate of collision incidents this year, all within confined waters and...
NYK orders sixth dual-fuel LPG and ammonia carrier at KHI The dual-fuel VLGC can potentially reduce 95% sulphur oxide and 20% carbon dioxide, compared with NYK's conventional VLGCs using heavy...
Daily Briefing Sanctions test looms for shipowners as Urals crude price exceeds G7 cap | Iran's oil exports have hit a five-year...
Port of Long Beach chief Cordero not worried about soft June figures Strong June figures in the port of Los Angeles came at the expense of the adjacent port of Long Beach...
CSSC-listed arm targeted by regulators over breaching disclosure laws Move follows a letter issued by the Shanghai Stock Exchange in mid-June, raising numerous questions about CSIC's reported asset impairment...
Post-strike recovery for western Canadian ports measured in weeks, not days: sources Forwarders, shipping lines and trucking interests are advising their customers it will take weeks - possibly into September - for operations at Prince Rupert and Vancouver to return to normal.
Anxious US shippers prepare for possible UPS strike, tighter LTL market A Teamsters strike against UPS Aug. 1 and a shutdown of Yellow are not inevitable, but shippers are bracing for disruption and higher costs.
New Jersey union claims ILA blocked it from terminal construction project A union of construction equipment operators in New Jersey alleges the International Longshoremen's Association sought to take away marine terminal work it was hired to perform.
Podcast: Where is shipping's decarbonisation drive headed after historic IMO decision? Audio edition of Green Seas maps out the debates to come as carbon targets are converted into policy action
Container freight market takes biggest leap since April as Asia-to-America rates pick up Spot rates for shipping boxes to Europe 'remain on softening trend', analyst says
Analyst cuts Eagle Bulk estimates on market weakness but keeps positive view Alliance Global Partners expects Connecticut dry bulk owner's TCE earnings to drop from previous guidance
Jumbo and two directors fined over deals to recycle ships in Turkey Netherlands court rules demolition sale was in breach of hazardous waste shipment regulations
Russian navy issues mine warning for parts of the Black Sea Announcement coincides with last-ditch bargaining to extend grain initiative
Editor's selection: Gatik steps into the shadows, shipping's price cap headache and Webber's ESG scorecard previewed TradeWinds takes a look back at some of the big stories of the week
CTM supramax pool 'going strong in a bad market' with $120,000 premium to Baltic Monaco-based operator says second quarter was the stronger period in the first six months
Clarksons spies signs of interest in offshore ship orders after lost decade Steve Gordon says owners' return to yards could be gradual, however
Peter Livanos-backed GasLog Ltd gobbles up affiliate after completing merger Taken private, US-listed GasLog Partners will quit the New York Stock Exchange by the end of July
Former ABN Amro shipping boss Joep Gorgels adds fifth job since leaving Dutch bank Dutch executive focusing on decarbonisation through new role at carbon hedge fund Greenstar Capital
CSSC faces China state regulatory probe over disclosure violations Investigation relates to questions raised over 2022 earnings statement
Himalaya claims emissions cut of 43% for new bulker chartered by Koch But dual-fuel newcastlemax unlikely to be running on LNG just yet
VLCC fortunes decline as US-China route cools Analysts report lowest volumes of US crude carried by the largest tankers for more than a year
Wan Hai newbuilding destroys Vietnamese wharf and bashes Greek bulker Accident happened on Thursday at port of Cai Mep
ISU warns salvage companies are 'under financial pressure' Revenue slumps as Lloyd's Open Form and wreck removal contracts hit new low
First Citizens' CIT strikes $33m MR tanker refinancing deal with MSea Capital US lender says it will help Cyprus-based owner expand its fleet
Transworld and Fleet Management form new venture as they eye regional growth Dubai shipowner and Hong Kong manager team up for technical management operations
Indonesian shipowner Meratus explores $2bn sale as investor interest grows Container ship, bulker and offshore player working with financial advisor, report claims
NYK lifts dual-fuelled LPG/ammonia VLGC newbuilding tally at KHI The Japanese shipping giant has a total of six gas carriers that can carry both LPG and ammonia booked at Kawasaki Heavy Industries
Dynacom stacks orderbook with two more VLCC newbuildings Greek shipowner has inked 26 bulker and tanker newbuildings worth more than $1.5bn since April
Viewpoint: Derisk investment and move full steam ahead on IMO targets, says Emanuele Grimaldi International Chamber of Shipping chairman argues that carbon goals can only be achieved through collaboration
Elite US coast guard officer honoured for rescue of stranded seafarers Caleb Halle was thrown into the sea during the operation in punishing seas off the US East coast
Singapore's Seatrium secures $800m green trade facility from OCBC Facility will support company's offshore renewable projects and decarbonisation efforts
Putin says he may put Black Sea grain deal on hold until demands are met Russian leader thinks he can turn the tables on his Ukrainian and Western opponents in debate to extend the UN-led grain corridor
House passes defense bill with ban on Chinese shipping platform The National Defense Authorization Act amendment is aimed at blocking China's ability to monitor U.S. container flows.
Russian crude prices have breached the G-7 price cap. Now what? Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.
Viewpoint: Impact of Canada ports strike to be felt for weeks Now that the labor strike at Canada's ports is over, it's time to take a look at the delays it created.
Amazon partner airline ASL cuts 28 European contract pilots Amazon is dialing back flights for its European cargo airline. The third party operating those flights has let go nearly 30 pilots.
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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