FERRIES 2023: Designing ferries for the uncertain future Considering the accelerating energy transition in the ferry industry worldwide, there is a pressing need for innovative ferry solutions. Netherlands-based C-Job Naval Architects finds that many vessel owners it collaborates with are
Equinor contracts Ocean Infinity for California floating wind site survey Moving ahead on its plans to develop one of the first-ever floating offshore wind farms off the U.S. West Coast, Equinor, has signed a contract that will see Austin, Texas, headquartered Ocean
European Union (EU) Emissions Trading System (ETS) effective from 1 January 2024 In recent years, the global concern over climate change and its environmental impact has grown significantly. Among the industries contributing to greenhouse gas emissions, the shipping industry has faced increased scrutiny and the need for effective measures to reduce its environmental footprint. The European Union (EU) Emissions Trading System (ETS) was initially established in 2005 as a market
SCZONE signs cooperation protocol with Dutch consortium Waleid Gamal El-Dien, chairman of Suez Canal Economic Zone (SCZONE) met with a Dutch delegation of officials of the Embassy of the State of the Netherlands in Egypt, representatives of Rotterdam City, and officials of the consortium led by the Egyptian Dutch Company for Business Development of Companies, which is working in the Field of Energy and Green Hydrogen at SCZONE'S Sokhna headquarters. T
Bulker crashes with container ship in Türkiye [video] While maneuvering to anchor, the bulk carrier New Legend collided with the stern of the anchored container ship Elbsun on 17 September in Ahirkapi anchorage, Istanbul, Marmara Sea. According to Maritime Bulletin's report, both ships suffered damage and remained anchored until 12 p.m. (local time) on 17 September. New Legend arrived from Kerch Strait anchorage in Russia, while the 877 TEU boxship
Jetties remain empty in Chittagong amid fall in ship arrival Up to three container jetties at the Chittagong port remain vacant every day this month due to the arrival of a lower number of ships. This is totally opposite scenario to the normal period for the country's prime seaport which had been frequently facing vessel congestions in the past and long queue of ships at the outer anchorage. The berthing report of Chittagong Port in Bangladesh shows that o
Port of Brisbane signs Electrolux Group as first tenant for stage 2 of Port West industrial estate The Electrolux Group has agreed to sign on as the first tenant for Stage 2 of the Port West industrial estate in Lytton. The Australia-based appliance company has signed a 10-year lease on a 42,200 m² property that will include a purpose-built distribution centre and showroom. The site will include a 21,255 m² warehouse, a ground-floor office and high-end showroom, a first-floor office, dock offi
COP28 chooses Kuehne+Nagel as freight forwarding and logistics partner Kuehne+Nagel has been selected as the official logistics partner for the worldwide 2023 UN Climate Change Conference in Dubai by COP28. The event is scheduled to convene approximately 70,000 accredited visitors to the restricted Blue Zone and 50,000 daily visits to the public Green Zone from 30 November to 12 December. "The appointment validates Kuehne+Nagel's expertise in exhibition and events l
Ballast water from Japanese ships tested for radioactivity in China Chinese ports have apparently begun testing the ballast water of Japanese ships for radioactive material, after the Japanese government began releasing radioactive water from the quake-damaged Fukushima No. 1 Nuclear Power Plant in late August. Ships have been informed that if too much radioactive material is found in their ballast water, they will be denied entry into China. However, no vessels
Imports to major US box ports to reach 2 million TEUs in September According to the latest Global Port Tracker study released by the National Retail Federation (NRF) and Hackett Associates, imports to major container ports in the United States are likely to exceed two million TEUs for the second month in a row in September and remain there in October. "These are strong numbers and a sign that retailers are optimistic about the holiday season since they don't imp
CMA CGM enhances its Asea Kenya service Marseille-based box line CMA CGM announced an update on its Asea Kenya service, offering a direct weekly call at Qingdao port. In particular, starting with the 2005-built container vessel Emmanuel P with an estimated time of arrival in Qingdao on 9 October, the Asea Kenya service will offer a direct weekly call at Qingdao and a faster transit time from North China to Kenya. The new rotation will
DNV awards AiP to HD KSOE's hydrogen system for liquefied hydrogen carrier DNV has awarded an Approval in Principle (AIP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries, HD Hyundai Heavy Industry (HD HHI) and Hyundai Mipo Dockyard (HMD) for their new hydrogen system. By 2030, HD KSOE aims to have completed the development of the hydrogen carrier technology that will enable large-capacity hydrogen transportation and storage. According to a
Le Havre terminal uses AI to control rail container unloading Le Havre Terminal Exploitation (LHTE), a multimodal terminal located in the port of Le Havre in France, is collaborating with AllRead, a technology company specialising in OCR software, in order to address issues with real-time control of container entry, exit and condition. In particular, LHTE aims to improve its traceability as well as the operational efficiency of the control process. For LHTE
Eneti's Seajacks pens offshore wind turbine installation contract Emanuele Lauro-led offshore wind vessels player Eneti announced that its subsidiary Seajacks has signed a vessel reservation agreement with an undisclosed client to transport and install offshore wind turbines. The Monaco-based owner and operator said that it would use one of the two NG16000X wind turbine installation vessels currently under construction at Hanwa Ocean in ...
Nøklebye to take on Wallenius Lines CEO role in October Erik Nøklebye has been appointed as the chief executive officer (CEO) of Swedish shipping company Wallenius Lines. Nøklebye has extensive experience in the shipping and PCTC segment and has worked in different parts of the shipping structure since the foundation of Wallenius Wilhelmsen Lines in 1999. He has worked in both Wallenius Wilhelmsen and RoRo ...
HGK Shipping orders extra-wide inland gas tanker German shipping and logistics company HGK Shipping has ordered a gas tanker of unconventional dimensions from the Dutch shipyard De Gerlien Van Tiem. The new gas tanker is designed to be extra-wide and capable of dealing with shallow water levels as well as being powered by a diesel-electric drive system. According to HGK, the unconventional ...
Offshore markets remain robust: Clarksons Offshore oil and gas markets continue to strengthen, with Clarksons offshore index approaching previous peaks. The cross-segment rate index, which covers rigs, offshore support vessels (OSVs) and subsea construction vessel dayrates climbed to 100, up 101% against the start of 2021 and approaching previous peaks of 101 and 114 in 2013 and 2008, respectively. The ...
China Merchants places order for methanol-fuelled VLCC China Merchants Energy Shipping (CMES) has placed an order for the world's first methanol dual-fuel very large crude carrier. CMES said in August that it would be ordering a methanol dual-fuel VLCC at Dalian Shipbuilding Industry Co (DSIC). The ordered ship will have a 306,000 dwt and cost around $107.5m, an exceptionally cheap price given ...
Economou instigates boardroom battle at Performance Shipping Greek shipowner George Economou plans to ask for a board seat at fellow tanker owner Performance Shipping and is seeking resignations from four existing directors. Economou, who recently bought into the Nasdaq-listed owner of eight aframaxes via his investment vehicle Sphinx, is proposing former chairman of OceanFreight and ex-board member of Ocean Rig John Liveris ...
Pan Ocean sells two product tankers India's Great Eastern Shipping has bought an MR2 tanker from South Korea's Pan Ocean. The 2008-built, 46,197 dwt Grand Ace8 cost $23.8m and takes Great Eastern's mixed fleet to a total of 43 vessels aggregating 3.38m dwt. Brokers report that Pan Ocean has also offloaded the two-years-older sister vessel Grand Ace1 for $19m to undisclosed ...
Milestones reached along the increasingly busy Northern Sea Route As the world's oceans have broken surface temperature levels consistently during the past several months, more and more eyes have looked up to the north towards the growing shipping opportunities provided by the Northern Sea Route (NSR) which now has one of the longest shipping seasons on record. According to the EU's Copernicus Climate Change ...
DOF wins $260m worth of deals from Petrobras Norwegian offshore vessels player DOF has won three service contracts with Brazilian state-owned giant Petrobras. DOF said that the contracts include work in the survey and inspection service lines. The deals represent a continuation of the services handled by DOF under contracts signed with Petrobras in 2020 and under operation since December of that year. ...
Lepta Shipping signs for four LPG carriers Tokyo-headquartered Lepta Shipping has ordered four midsize gas carriers at Yangzi-Mitsui Shipbuilding (YAMIC). The joint venture between Nissen Kaiun and Mitsui & Co has tapped the joint venture between China's Yangzijiang Shipbuilding and Japan's Mitsui E&S Shipbuilding to deliver the 40,000 cu m ships in 2026 and 2027. No price has been revealed for the ...
TGS and PGS to merge Norwegian offshore seismic acquisition specialists and data providers TGS and PGS have announced an agreement to merge and form one unified full-service geophysical company. The transaction is expected to be completed as a statutory merger, with merger consideration paid to PGS shareholders in the form of 0.06829 ordinary shares of TGS for each PGS share. ...
Geneva Star kamsarmax sold for bright sum After months of grey commentary by shipping analysts across the globe, several broking houses now report increased activity and for the first time in months firming prices across most segments in dry cargo. Several brokers report the sale of the eight-year-old Japanese controlled kamsarmax . Chinese interests are reported paying a very firm $26.9m for the ...
Aframax asset play pays off for Union Maritime Laurent Cadji-led Union Maritime is widely reported to have earned $36m on an asset play while also spending $65.5m on two LR2 newbuildings at Jiangsu Hantong with delivery dates in 2025. The UK-based bulk and tanker player is noted cashing in on two 14-year-old 116,000 dwt aframaxes. The Hanjin-built sisters Fulmar and Anavatos II were picked ...
Ukraine celebrates Black Sea shipping breakthroughs Two bulk carriers made it to the Ukrainian seaport of Chornomorsk over the weekend to pick up grain, while a ship that had been stuck in Odesa since February 2022 was able to leave in signs that Russia has loosened its grip on blockading parts of the Black Sea. Two Palau-flagged bulk carriers, Aroyat and ...
Marine insurers highlight China's use of containers for car exports as car carrier rates spike Car shipments from China are the country's fastest-growing trade, with a 23% climb in volume shipped this year, the International...
How a fridge label can fix shipping's climate problem The European Union ought to enforce stricter Carbon Intensity Indicator rules for ships as a way to deliver the necessary emissions...
DFDS confirms plans to acquire Spain-Morocco ferry operator Expansion of DFDS' Mediterranean network follows purchase of Turkish ro-ro cargo vessel operator UN Ro-Ro five years ago
Marine insurance recovery continues as premiums see healthy growth More ships are being insured at higher prices, and fewer of them are sinking, which makes for smiling faces in...
The Philippines 'cannot meet the seafarer shortage on its own' Karen Avelino, executive director of business development at Philippine Transmarine Carriers, says the Philippines is struggling to keep the pipeline...
Panama Canal drought to boost MR flows from Far East, says Gibson Medium-range tankers could be the tanker group most affected if the Panama Canal traffic jam drags on past September. This...
The week in newbuildings: Dry cargo and tanker sectors dominate A total of 24 newbuildings have been ordered in the past week with the dry cargo and tanker sectors providing...
The week in charts: Maersk isn't just betting on methanol | Dark fleet expands | Life returns to recycling markets Dark fleet surpasses 500 tankers, some 118 methanol-fuelled containerships are on order and winter tanker spike capped
Iran 'seizes' two tankers, but the US says the report is baseless Iranian state media claims its navy seized two tankers and arrested 37 crew. It says the vessels were carrying smuggled...
First ships arrive at Ukrainian sea port since grain deal collapse The Palau-flagged vessels are expected to load nearly 20,000 tonnes of wheat
London Shipping Week showcases shipping's continued diversity problem 'Senior leaders are quite scared to take on the topic, they're a bit apprehensive in case they say the wrong...
Return to commercial war risk cover for Ukraine ships difficult to envisage, says Denèfle Details of scheme that would see Ukrainian government take first layer of risk expected shortly
US spending shifts cast shadow over transpacific box shipping outlook Stagnation in spending on containerised goods, slow inventory drawdowns and consumers reverting from goods to services are seen as the...
Daily Briefing 'Influencer' Maersk isn't just betting on methanol | Doubts over G20 economic corridor's ports and logistics promise | The View:...
Lower demand from China, high prices stunting US ag exports West Coast ports are bearing the brunt of a steep decline in US agriculture exports, as are carriers such as CMA CGM that pivoted to serving exporters amid weaker import demand.
Green fuel costs could make nuclear ships economically viable: experts Small onboard nuclear reactors could ultimately be the lowest-cost method of decarbonization as shipping competes with other thirsty industries for sustainable net-zero fuels, according to energy and investment analysts.
Ocean carriers will look to 'chokepoint' assets for next wave of spending: analyst Owning and operating potential supply chain chokepoints is a competitive advantage, and we should expect to see major carriers - flush with cash post-pandemic - be very active in attempting to secure such assets, writes analyst Lars Jensen.
Lack of cargoes holding down MPV rates in near-term: analysts Despite having fewer cargoes for which to compete, some bulk operators are beefing up their staff of project cargo specialists, implying that those carriers are sensing opportunities ahead.
J.B. Hunt brokerage acquisition deepens partnership with BNSF The division of BNSF Logistics between BNSF Railway and J.B. Hunt is aimed at helping to improve service to joint customers at a time when freight demand is weak.
Underwriters make gains with higher premiums and lower claims Conference warned inflation and higher interest rates could affect future performance
Genco Shipping will need to tap reserve fund to pay dividend for third quarter Measure would be third straight quarter contingency fund is used
Capesize bulkers hit six-week high as owners keep ships in higher paying Pacific basin, broker says Futures indicate further rate growth as October contracts reach almost $18,200 per day, according to Baltic Exchange
'Gas kills': TotalEnergies' first FSRU for France graffitied by Greenpeace on arrival Regas unit meets protest from environmental groups and residents concerned about use of fossil fuels
Pyxis boss Valentios Valentis targeting more ship deals after closing first bulker buy Nasdaq-listed owner looking to add vessels with big cash pile
Greece's Pioneer Marine ups profit after management buyout and fleet sale Bulker operator's accounts show improvement from eventful 2021
Wallenius Lines taps Erik Noklebye as new chief executive Stockholm owner has stakes in several car carrier owners
Returning Tina Revsbech feels like she has 'scored a hat-trick' at Maersk Tankers New chief executive eager to get started four months after being announced in the role
Shipping looks for double win with emissions and noise cuts at IMO talks Experts say some easy wins are possible even as owners focus on reaching carbon-cutting goals
Petredec taps into Asian bank appetite with $122m VLGC refinancing Advisor Fearnley Securities says deal shows lenders want in on the energy transition
Emoji warning for shipping as judge rules thumbs-up is valid signature for cargo contract WFW lawyers highlight dangers inherent in casual text messages
PGS boss Rune Olav Pedersen promises 'super-company' and better fleet use after TGS merger Norwegian owner's CEO says new opportunities will open up for bigger seismic survey operation
Insurers still working on state-backed deal for Ukraine grain Conference hears no cover has been arranged yet despite recent sailings to Chornomorsk
Trapped ship that ran Russian blockade rumoured sold to MSC after fleeing Odesa But neo-panamax container ship Joseph Schulte is said to have fetched one-third what it was worth at start of Ukraine conflict
KCC to trial Elon Musk's low-earth orbit satellite system for ship internet Combination carrier owner believes Starlink should improve connectivity on board vessels
Genco reveals drop in bulker rates booked in third quarter Filing shows US shipowner has seen a decline in time charter equivalent earnings since its interim financial report
China shipyard Hengli Heavy to build its first supertankers Hengli Heavy is the third Chinese shipbuilding company to join the Chinese VLCC shipyard list
Russia mulls suspension of petroleum product exports, say reports Moscow weighs its options on how to stabilise domestic fuel prices, news agency reports
PGS strikes merger deal with TGS to create seismic survey giant worth $2.6bn Offshore vessel owner and charterer aim to save $50m a year with a data company spanning the whole energy value chain
Insurer Beazley goes back to school on emerging decarbonisation risk Underwriter has been preparing to help clients decarbonise and cope with cyber threats
Stephen Catlin's Convex view of marine insurance pays off New player has made its mark on the marine insurance industry by diving in as others scrambled out
Great Eastern raids Pan Ocean to grow product tanker fleet Indian shipowner expanding capacity in a deal reported at $23.8m
Slideshow: Global shipping heads to London for the best of British Sun and shipping shine on the UK capital for London International Shipping Week
Russia mulling suspension of petroleum product exports, say reports Moscow weighs its options on how to stabilise domestic fuel prices, Russian news agency reports
Shipping investor Stefanos Kasselakis emerges as front-runner to lead Greek opposition Businessman-turned-leftist politician is surprise winner of first-round leadership vote at Greece's Syriza party
Indian ship recyclers pounce on wrecked Iran-linked LPG carrier and IMC Shipping product tanker Slim pickings on the vessel front lead to only two ships being sold for recycling over the past week
Ships collide in the Sea of Marmara in separate incidents Yasa Shipping and ATL Hong Kong bulkers bump into a DFDS ropax vessel and a German container ship
Panama Canal delays a doubled edged sword for MRs, says Gibson Shipbroker says low water levels has resulted in volatility in the number of vessels looking to cross
Ship investor Kasselakis is front runner to become Greek opposition leader Businessman-turned-leftist politician is surprise winner of first-round leadership vote at Greece's Syriza party
For exporters, container shipping still far from pre-COVID 'normal' The supply chain crisis is over, but exporters are still paying more - and facing more logistical challenges - than they did before the pandemic.
BNSF Railway compels new airline to change name in trademark dispute BNSF is a multibillion dollar freight railroad. Northern Pacific Airways is a tiny airline that has been in business for less than three months. BNSF says the airline is infringing on a trademark it owns.
Hawaiian Airlines sees advantage in Amazon pivot to Airbus freighter Hawaiian Airlines hopes to parlay its advantage operating A330 jets into a larger air transport partnership with Amazon.
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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