Austal USA delivers autonomous-capable EPF Following delivery by Austal USA yesterday, Expeditionary Fast Transport USNS Apalachicola (EPF 13) is now the largest surface ship in the U.S. Navy fleet with autonomous capability. "The delivery of EPF 13
Algoma Central and CSL order four methanol-ready ocean self-unloaders The latest shipowners joining the growing number ready to explore methanol fueling are Canada's Algoma Central Corporation and CSL Group. Today they announced a newbuild order for their CSL International Pool. Placed
Ingram Marine christens the M/V Steve Alley Nashville, Tenn, based Ingram Marine Group held a special christening ceremony February 15, for the latest addition to its fleet, the M/V Steve Alley. The towboat is named after Ingram's former vice
OOCL names its first 24,188 TEU mega vessel Hong Kong's Orient Overseas Container Line (OOCL) on Thursday officially named the first 24,188 TEU mega vessel in its fleet OOCL Spain, in a ceremony at the Nantong COSCO KHI Ship Engineering
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WLP inks partnership agreements to enhance Thailand logistics business World Logistics Passport (WLP), a Dubai-led worldwide project aimed at easing the flow of global commerce, has signed two Memorandums of Understanding (MoUs) with the Thai Logistics Service Provider Federation (TLSPF) and the Thai National Shippers' Council (TNSC). According to the statement, the agreements seek to encourage the expansion of the logistics business in Thailand for exporters and sh
Schweizerzug launches direct rail connection between Switzerland and Rotterdam Schweizerzug began providing a direct train service between Basel (Frenkendorf), Zürich (Niederglatt), and Rotterdam on 1 January. The 650-metre-long shuttle runs three times each week and can carry 96 TEUs between the two cities in Switzerland and the Dutch port. Schweizerzug is a subsidiary of Swissterminal AG, which was created in 1972 and recently celebrated its 50th anniversary. "Ever since
HHLA reports higher annual revenues amid container volume drop Total container throughput for Hamburger Hafen und Logistik AG (HHLA) decreased by around 8% in 2022 falling to 6,396,000 TEUs. HHLA noted that its Hamburg box terminals reported a year-on-year decrease of 4.1%. Additionally, according to HHLA's report, despite operational disruptions regarding vessel arrivals at German seaport terminals, the total transport volume remained relatively steady at 1
ICTSI announces expansion proposal for Australian container terminal International Container Terminal Services Inc. (ICTSI) has made its own proposal for the expansion of the Victoria International Container Terminal (VICT), its wholly-owned subsidiary at the Port of Melbourne in Australia. ICTSI said it could contribute more than US$340 million in Victoria, in addition to over US$480 million it has already invested in the Australian state since the founding of VI
ONE's new service to link Israel with Egypt Ocean Network Express (ONE) has decided to launch the Israel Express (ILX) service, a new weekly Israel shuttle service, connecting Israel with the port of Damietta in Egypt. The first sailing of the new service will commence on 29 March with the following rotation: Damietta (Egypt-Wed/Thu) - Haifa (Israel-Sat/Sun) - Ashdod (Israel-Tue/Wed) - Damietta (Wed) The port rotation map of ONE's Israel E
PIL to commence Kenya-Tanzania service Singaporean ocean carrier Pacific International Lines (PIL) announced the resumption of its call to Zanzibar, Tanzania through the launch of the Zanzibar Shuttle (ZNS), as part of its efforts to enhance connectivity to major East African markets. The service will begin on 16 March 2023, from Mombasa in Kenya, and will serve as a feeder between Mombasa and Zanzibar. The port rotation of the servic
An introduction to B2B Discount B2B Discount serves as an international marketplace where sellers and buyers can connect globally. Both for companies engaged in export and import, we provide simple and handy access to establishing business connections with foreign partners, expanding globally, and selling or buying unclaimed shipments. We do not deal with the good personally, and we do not participate in arranging your deal mor
ZIM names its new 15,000 TEU LNG container vessel A celebratory naming ceremony was held at the Samsung Heavy Industries (SHI) shipyard in South Korea for the new 15,000 TEU LNG-powered container ship, ZIM Sammy Ofer, the first of 10 ships ordered by Seaspan Corporation as part of a long-term chartering agreement with ZIM. The vessel is named after the late shipping magnate Sammy Ofer, who passed away in 2011. ZIM Sammy Ofer is an LNG dual-fuel
First phase of Long Beach Pier B rail facility project to be completed in 2025 The Port of Long Beach (POLB) has published an update on the planned Pier B On-Dock Rail Support Facility, according to which the locomotive facility is set to be finished in 2025. The new facility is expected to significantly enhance refueling capacity and provide additional options for building longer trains, while more tracks will be added to Pier B, as construction progresses. The full projec
WiseTech Global continues its acquisition strategy with Blume takeover WiseTech Global, the creator of the logistics execution software CargoWise, has announced the acquisition of Blume Global, a provider of intermodal rail solutions in North America. WiseTech Global bought US-based Blume for US$414 million from funds managed by Apollo, EQT and other minority shareholders According to the statement, Blume is a high-growth recurring revenue company that is predicted
MSC provides support to earthquake victims in Türkiye and Syria The MSC Group and the MSC Foundation support the population in the aftermath of the devastating earthquake in Türkiye and Syria. MSC Aurelia, normally used as a passenger and vehicle ferry, departed from the Port of Naples in Italy on 16 February heading for the port of Iskenderun, which was heavily affected by the earthquake. The vessel carries necessities and first aid items collected by the MS
Container traffic at North West Seaport Alliance plunges in January Total container volume at the North West Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, decreased by 21.7% in January, compared with the same month last year, falling to 213,095 TEUs. Additionally, full imports declined year-on-year by 30%, as imports continue to struggle due to elevated retail inventories and weak consumer demand. At the same ti
Saudi ports increase box volumes in first month of 2023 The flow of containers in the ports operated by the Saudi Ports Authority (Mawani) increased by 24.05% in January, compared with the same month last year, totalling 694,803 TEUs. Mawani's report showed a 17.8% year-on-year increase in exported containers to 206,177 TEUs in the first month of 2023, while imported containers have also maintained an increasing trend, rising 26.08% to 220,119 TEUs. A
MSC orders ten new LNG dual-fuel container ships Chinese manufacturer China International Marine Containers (CIMC) has reportedly confirmed a new order from MSC for ten LNG dual-fuel container vessels with a capacity of 11,500 TEUs. According to a CIMC statement, Zhoushan Changhong International Shipyard, in which CIMC is a shareholder, will build the container ships, which will be designed by CIMC ORIC. Moreover, CIMC noted that the newbuildin
Irregular fluctuations in the global bunker market Over the seventh week of the year, Marine Bunker Exchange (MABUX) global bunker indices did not show the same trend and changed sideways. On the one hand, the 380 HSFO index rose to US$483.44/MT, while on the other hand, the VLSFO index fell slightly to US$696.82/MT and the MGO index decreased to US$967.52/MT. "At the time of writing, indices continued changing irregularly in the global bunker ma
Port of Los Angeles sees box volume drop in January In January, the Port of Los Angeles processed 726,014 TEUs, a 16% reduction from the previous January's all-time high. Loaded imports in January 2023 totalled 372,040 TEUs, a 13% decrease from the previous year, while loaded exports completed 102,723 TEUs, a 2.5% increase over the previous year. At the same time, empty boxes reached 251,251 TEUs, translating to a 26% fall year on year. "We expect
Island Offshore awarded Equinor PSV contract Norway's Island Offshore has secured a contract with Equinor for the battery hybrid platform supply vessel . The 2009-built vessel, currently on spot fixture with the Norwegian energy giant, has been fixed for a period of seven months with two options of two months each. Following this contract, Island Offshore now has two PSVs and ...
Klaveness Combination Carriers secures two-year charter Norwegian owner Klaveness Combination Carriers (KCC) has secured a new charter contract with an undisclosed leading energy player for one of its Cleanbu vessels. KCC chief executive Engebret Dahm said the two-year deal further strengthens and expands the already established close relationship with the charterer in question. KCC operates eight Cabu and eight Cleanbu combination ...
IMO mulls adding an extra digit to its identification number scheme The International Maritime Organization (IMO) is looking at adding an extra digit to its under fire identification number scheme. IMO numbers, first introduced in 1987, became mandatory for all ships built after July 1, 2005. Each ship registered under the identification scheme is allocated a unique identifier made up of the letters IMO followed by ...
RWE forms Spanish floating wind partnership with Ferrovial Germany's RWE has teamed up with Spanish engineering and construction firm Ferrovial to jointly develop, built and operate floating offshore wind farms off the Spanish coast. Spain has set a target of 3 GW of installed capacity by 2030 in order to become a leading European market for floating offshore wind. Ferrovial has so far ...
EDF Renewables swoops for massive floating wind project off Australia EDF Renewables, a subsidiary of France's utility EDF, has acquired a massive floating offshore project under development in Australia. The potential 10 GW Newcastle offshore wind farm, situated near the Port of Newcastle and energy transmission networks, is proposed for the Hunter-Central Coast Renewable Energy Zone (REZ) as part of the NSW government's electricity infrastructure ...
TechnipFMC wins subsea contract for Equinor's Verdande project New York-listed TechnipFMC has secured a contract to deliver a complete subsea production system for Equinor's Verdande project on the Norwegian Continental Shelf. The deal worth between $75m and $250m includes subsea trees and structures, control systems, connections, tooling, and installation support. Comprising the Cape Vulture and Alve North-East discoveries, Verdande is located in the ...
Carisbrooke Shipping to trial hydrogen engine onboard Carisbrooke Shipping has partnered with Carnot whose consortium has been awarded £2.3m ($2.75m) to develop a zero-emission 50kW hydrogen auxiliary engine demonstrator. Following design, simulations and s testing, the single-fuel hydrogen engine will be integrated into a containerised system and mounted on the deck of one of Carisbrooke's vessels for a 40-day sea trial in ...
MSC adds another 10 newbuilds in China An order for 10 dual-fuel 11,500 teu ships by Mediterranean Shipping Co (MSC) has been confirmed in China. China International Marine Containers (CIMC), which has a 30% stake in Zhoushan Changhong International Shipyard, has detailed the ship orders with MSC opting for LNG dual-fuel, with the ships coming as methanol-ready when they deliver in 2025 ...
DSME's parent buys engine maker South Korea's Hanwha Group is acquiring local ship engine maker HSD Engine following the conglomerate's takeover late last year of Daewoo Shipbuilding & Marine Engineering (DSME). "By merging with DSME, we can strengthen our high value-added businesses such as the manufacturing of vessels with eco-friendly engines," a Hanwha Group spokesperson said. "The plan is to ...
Ocean City requests immediate halt to wind farm development due to whale deaths on East Coast The mayor and city council of Ocean City, Maryland, have added their voices to the increasing call by US Atlantic coast lawmakers to halt wind farm development until further investigation of whale deaths has been completed. In a press release, Ocean City said it supports clean and renewable energy, but "the town remains concerned about ...
Shell starts production at Vito in US Gulf of Mexico Shell Offshore Inc., a subsidiary of Shell plc, announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico. With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company's first deep-water platform in th
Wind propulsion gains momentum to help shipping decarbonise New regulations incentivising better energy efficiency look set to boost interest in wind propulsion technologies
US supply chain bottlenecks persist despite vessel logjams subsiding A drop in demand has helped ease oceanside congestion, but has also left inventories stacked and warehouses full. In addition...
Box equipment price fall reflects weak demand Prices to lease or buy containers have fallen in Asia. The mid-term outlook does not forecast demand to rise
Klaveness Combination Carriers buoyed by strong caustic soda trades New three-year index-linked contract of affreightment with Brazil's Raizen aims to lower the carbon footprint of the combination trades by...
Shipping and Ukraine: Repercussions of a crisis Next week sees the first anniversary of the Russian invasion. There should be no second anniversary
Oldendorff in selling spree Privately-owned German company has sold five vessels that will be delivered to the new owners this year, while taking delivery...
January volumes remain soft at San Pedro Bay Volumes in the US' busiest gateway resumed double-digit year-on-year declines, as imports continued softening. Smaller declines were registered in the...
Star Bulk says bulker prospects remain 'encouraging' despite further dip Greece-based owner of 128 vessels cites low order book, China reopening and its own scrubber-fitted fleet among grounds for optimism
Smaller carriers face choices after 2M dissolution The 'we want to do that too' by other carriers, should Maersk's model prove to be successful, may well then...
HHLA forecasts weak first quarter before volumes recover Revenues rose on the back of higher storage fees. But earnings, while higher than expected, were down, with no recovery...
Europe-Asia competition for LNG set to intensify The drop in Russian pipeline gas flows prompted unprecedented policy and regulatory intervention as governments in Europe sought to bolster...
United Maritime to spend up to $63m on three bulkers Greece-based Seanergy Maritime affiliate agrees to buy two kamsarmaxes and takes a panamax on bareboat charter with purchase option
Sembcorp Marine's shareholders approve merger with Keppel O&M Completion of the $3.4bn deal, which was first mooted in mid-2021, had been delayed several times due to the complicated...
Six states expected to enter IMO leadership battle The contest for the IMO's top job is expected to be a six-horse race with Dominica and Bangladesh expected to...
Daily Briefing Ukraine billion-dollar total loss payout fears receding | IMO to address CII concerns post review | Carriers face tough talks...
New data casts doubt on H2 rebound in US freight demand Despite better-than-expected factory output in January, the manufacturing spigot that releases shipping demand simply isn't turning fast enough and retail inventories remain stubbornly high.
After pandemic shock, container shipping navigates unchartered waters The container shipping market is quickly moving on from the pandemic period and into a phase that is at once familiar but also entirely new and unpredictable, writes Peter Tirschwell.
WiseTech continues acquisition campaign with $414 million Blume purchase WiseTech Global is doubling down on its reach into US intermodal networks with its $414 million purchase of Blume Global three weeks after acquiring drayage tech provider Envase.
Star Bulk plans to slow steam its way to first-quarter profit in down market New York-listed shipowner is also 'very positive for the rest of the year', chief executive Petros Pappas says
Capesize bulker market falls 50% as owners 'wait out a recovery' Bulker owners do not expect that to be 'on the immediate horizon', Baltic Exchange analysts say
Good fortune continuing for product tankers as LR1 rates squeezed upward Product tankers have made big gains since the start of the month, with some routes jumping by $30,000 or more
Lidl subsidiary Tailwind doubles down on Asia-Europe trade German liner operator establishes niche service using smaller ships calling less busy ports
Turner Holm leaves Clarksons analyst role to make bank in offshore wind Oslo-based staffer becomes the latest shipping analyst to be lured over to the investment banking side
'New mindset': Cyprus woos ships with green, digital goodies The Mediterranean nation has been trying fresh approaches to boost maritime services
Editor's Selection: Maersk Tankers caught up in sanctions, Lorentzen & Co wields job axe and Euronav eyes huge fuel savings TradeWinds revisits some of the biggest stories of the week
Cyprus removes flag from tankers managed by SCF as Europe sanctions bite Deputy shipping ministry says the move was because of sanctions as EU aims to put the squeeze further on Russia
Cyprus will keep fighting in shipping's corner, minister says Cyprus shipping supremo Vassilis Demetriades speaks about his country's efforts to boost its maritime industry amid Covid and Ukraine upheavals
Cyprus removes flag from tankers managed by SCF Group unit Deputy shipping ministry says the move was because of sanctions as EU aims to put the squeeze further on Russia
Muckermann joins the growing throng of women leading cruise Women are increasingly making the cruise C-suite their own
'Finally, Asia is open again,' says new Silversea Cruises CEO Barbara Muckermann Luxury brand's leader says cruise is back on track as China reopens for business and India takes off
Wind powers Fred Olsen-controlled Bonheur to strong profit Renewable energy and wind farm services brought in a $166m bottom line
Pressure mounts on China as Portugal ratifies Hong Kong Convention Adoption by major recycling country is still required to bring it into force
Klaveness yields to temptation in two-year tanker time charter 'Extreme markets' have led carbon-conscious Klaveness Combination Carriers to take a step that will affect its emissions figures
Shipping magnate Sammy Ofer remembered by Zim and Seaspan at naming ceremony Dual-fuel vessel is named after the late industry icon
MSC and CMA CGM weigh in with aid for earthquake victims in Turkey and Syria Iskenderun port open for disaster relief but aid flows look modest, in view of the huge task at hand
Up to 450 new LNG carriers will be needed in the next decade despite the 2022 order boom GTT is bullish on the sector and LNG-fuelling but trashes methanol as a marine fuel
Greek shipowner Latsco orders VLGC newbuildings at KSOE Company declares options to book a total of four 88,000-cbm gas carriers
Europe is not an option for Maersk Tankers cargo barred from Spanish port Pool operator says charterer has yet to decide a new destination after alleged Russian sanctions breach
CMA CGM splashes $1bn on methanol-fuelled container ship sextet Owner already has 18 methanol-fuelled container ships under construction in Asia
GTT axes $86.5m of Russian LNG carriers and offshore structures from its books Company logs record order haul in 2022 but annual results dip
Star Bulk halves dividend on profit dip but beats Baltic index CEO Petros Pappas still holds positive view on dry bulk despite 'seasonal spot market weakness'
Star Bulk claims to have beaten Baltic indexes despite Q4 revenue dip CEO Petros Pappas still holds positive view on dry bulk despite 'seasonal spot market weakness'
Costa targets methanol fuel in new partnership with Swiss producer Proman Carnival Corp subsidiary signs MOU that could see up to 22 cruise ships retrofitted to run on methanol
Baltic Dry Index has collapsed: Ominous sign for economy? The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
China in crosshairs of new ocean shipping reforms An upcoming supply chain legislation package will include curbs on Chinese influence over global shipping.
MSC, Atlas Air carrying aid to Turkey and Syria More than 43,500 people in Turkey and Syria have died as a result of the Feb. 6 earthquake, which the United Nations is calling a "once-in-a-generation disaster."
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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