River cruising takes off on U.S. inland waters American river cruising continues to take off with new ships coming on line for service along inland and intracoastal rivers throughout the country. One leading line, Guildford, Conn.-based American Cruise Lines has
NTSB reports on $5 million drillship breakaway A deteriorated bollard led to a 752 foot long drillship breaking away and colliding with a cargo vessel in Pascagoula, Miss., last year, according to the National Transportation Safety Board (NTSB). The
ONE upgrades Singapore-South Philippines network Ocean Network Express (ONE) announced its revamped service network from Singapore to South Philippines (PH3). The Singaporean carrier noted this upgraded service, which will have a weekly frequency, will merge its existing SPE and PH2 services. "It will provide a more efficient and competitive service from Singapore to South Philippines," said ONE in a statement. According to the major box line,
DACHSER acquires ACA International German logistics company DACHSER announced the acquisition of ACA International, which is headquartered in Melbourne, Australia. With this acquisition, DACHSER's own air and sea freight network now also covers Australia and New Zealand, countries that are economically strong and closely interlinked with Asia, Europe, and North America. ACA International provides its customers in Australia and New
PSA Halifax orders eight electric cranes from Konecranes PSA Halifax has signed an agreement with the Finnish port equipment manufacturer Konecranes for eight new electric Rubber Tyred Gantry cranes (E-RTGs) for its Atlantic Hub terminal. The new E-RTGs will arrive by the second quarter of 2024 and will increase the Atlantic Hub Terminal's total RTG fleet from nine to 17. According to PSA Halifax, this purchase will expand the terminal's handling capac
Long Beach appoints new director for Tenant Service and Operations Rafael Delgado will be the new director of Tenant Services and Operations of Long Beach Board, to lead the division that ensures good working relationships with Port tenants and other supply chain partners. Delgado moves into the role after working as Manager of Tenant Services since September 2019. The Tenant Services Division provides customer service, operations support and efficiency enhancem
Maersk enhances Oceania - Americas service Maersk announced that its current Oceania to North American Westcoast direct PANZ service will be improved to better handle the congestion and operational difficulties affecting end-to-end logistics, most recently across New Zealand ports. The updated rotation of the service will start from the port of Seattle in the United States on 27 April. Maersk highlighted that the enhanced service will inc
Trident Shipping Line fined US$5,000 in Bangladesh for breaking rules Bangladesh's Mercantile Marine Department (MMD) has fined Trident Shipping Line Ltd US$5,000 as its container ship Kanway Fortune carried cargo towards Chittagong port violating the law relating to the interest of national flag carriers. The ship loaded cargo in a Malaysian port earlier month without taking a waiver certificate from the MMD. Under the Bangladesh Flag Vessels Protection Act 2019 a
UWL, Swire Shipping add westbound call in Busan to Sun Chief Express UWL and Swire Shipping announced the addition of a new port call for export refrigerated containers in Busan in South Korea on the Sun Chief Express service in response to rising customer demand. This new port call coincides with a recent adjustment to the Sun Chief Express schedule, which was made to increase efficiency while also adding the Busan call. The new service rotation is now Seattle -
Port of Los Angeles inks agreements with Tokyo and Yokohama ports The Port of Los Angeles has signed separate Memorandums of Understanding (MOUs) with the Ports of Tokyo and Yokohama in Japan, to cooperate on sustainability and environmental issues. The agreements were inked by officials from the Californian port during the 2023 California Japan Clean Energy Trade Mission , which was headed by California Lt. Gov. Eleni Kounalakis and Dee Dee Myers, director of
Oil spill fears off Thailand as explosion kills one on FSO Benchamas Thai authorities ordered their navy to assist in preventing an oil leak from a damaged floating storage and offloading (FSO) vessel carrying 400,000 barrels of crude in the Gulf of Thailand. The 1999-built , owned by Malaysian shipping line MISC and operated by a unit of Chevron, suffered water ingress following an explosion during routine ...
A.P. Moller Holding invests in drone inventory tracking solution A.P. Moller Holding, the parent company of the A.P. Moller Group, owners of the Maersk brand, has led the latest $32m fundraising for Verity, a Swiss inventory tracking solution powered by fully autonomous indoor drones. The drone systems have already been installed in 30 sites across 13 countries. They allow users to fully automate the ...
Golden Energy Offshore scores vessel contracts Norwegian owner Golden Energy Offshore Services (GEOS) has landed two contracts with undisclosed charterers for the multipurpose support vessel . The first contract is in the UK sector of the North Sea for up to 14 days to accommodate and bring technicians and equipment to support a decommissioning campaign. The 2019-built vessel will be mobilised ...
SK oceanplant and Corio forge offshore wind pact South Korea's SK oceanplant, the offshore wind power business arm of construction engineering company SK ecoplant, has signed a memorandum of understanding with Corio Generation, a portfolio company of Macquarie's Green Investment Group (GIG) to work together on offshore wind projects. The two companies plan to collaborate on projects in South Korea, the UK, Australia, ...
European Commission launches Net-Zero Industry Act The European Commission launched its Net-Zero Industry Act yesterday, legislation that could see carbon capture technology rolled out more rapidly to ships. With the Net-Zero Industry Act, the European Commission will reduce the administrative burden and simplify permit-granting processes for renewable energy projects, accelerate the use of CO2 capture and storage and improve conditions for ...
AboutShips: Unprecedented levels of institutional capital making its way into maritime services Maritime CEO caught up with Manish Singh for a follow-up discussion on the growing role of private equity in the maritime sector. Singh was previously founder CEO of Ocean Technologies Group (OTG), a maritime operational SaaS group, and prior to that a prolific consolidator within the shipmanagement and marine services space through a decade and ...
Canadian Port of Argentia secures second major contract to support US energy transition Newfoundland's Port of Argentia has secured its second major contract in support of US offshore wind development. The port will serve as a marshalling yard for monopiles that are to be installed at project fields off the East Coast of the US. Monopiles will be transported from the port dock to a bonded storage marshalling ...
Shell makes investment decision at Dover in US Gulf of Mexico Shell Offshore has made a positive final investment decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico, with two production wells produced through a 17.5-mile flowline and riser. Shell operates Appomattox with a 79% working interest, with CNOOC controlling the remaining 21%. Dover is ...
US-sanctioned ships don't lose flag for long Majority of ships sanctioned in the past year remain flagged, even when excluding vessels registered in Russia
The Lloyd's List Podcast: Where does shipping fit into the EU Net-Zero Industry Act? Europe's Net-Zero Industry Act, Brussels' response to the US Inflation Reduction Act, could represent a step-change in efforts to enhance...
Green lobby urges IMO to set more ambitious green targets Environment groups are exerting added pressure on IMO to adopt tougher targets to tackle climate change
Advanced technology is only as good as the partnership it supports Maritime interest in AI is growing rapidly because of the impact on improving safety, increasing efficiency, and reducing fuel consumption...
Dynagas Partners holds revenues steady Quarterly profit dips due to higher interest rates and finance costs
Forwarders call for co-operation as pandemic challenges unwind Freight rates have fallen and container scarcity is now in the past. But forwarders still feel there is an uneven...
No material impact to Vale's operations from rail issues in Brazil Spot rates for capesizes took a knock on uncertainty about whether shipments of iron ore would be affected by landslides...
Compliance with the law is not optional. Even for P&O Ferries UK minimum wage will be extended to seafarers, while Labour is committing to a 'Seafarers' Charter'. Neither would have happened...
Shipping decarbonisation is not a technology question anymore, says Trafigura Calls on the International Maritime Organization to adopt more ambitious targets have intensified ahead of MEPC 80, suggesting the technology is...
Chinese port giants report decline in throughput volumes Port arms of Cosco Shipping and China Merchants have seen container handling volumes down about 6% for the first two...
Advantage Tankers boosts negligible suezmax orderbook Turkish crude oil and products tanker owner has entrusted South Korea's DH Shipbuilding to build a new series of alternative-fuel...
Pyxis eyes 'buoyant' year ahead for product tankers Increasing mobility in many parts of the world has resulted in solid demand for transportation fuels, says chief
Former CSSC optoelectronics expert facing antigraft probe Mr Chen is a leading expert in optoelectronic systems for the shipping industry
PSA 'kept an even keel in challenging year' Company 'stayed focused on our strategic priorities and delivered a commendable performance, in 2022,' says chairman
MOL grows cruise sector business with vessel deal MOL has recruited a former senior executive at Carnival Corp to drive expansion
BIMCO to push uptake of electronic bills of lading Campaign sets target for some of the world's largest dry bulk operators to try to move 25% of their annual...
Value Maritime opens Singapore office Asia seen by company as a global hub for sustainable shipping and decarbonisation, says regional director
Daily Briefing Over 100 falsely flagged ships are trading in plain sight | Is Credit Suisse crisis a case of déjà vu...
Ports of Los Angeles, Tokyo and Yokohama agree green shipping corridor deal Ports agree to co-operate and share best practices on environmental and sustainability initiatives, including the digisation of the supply chain...
New IMO rule at odds with practical realities: breakbulk executives Breakbulk industry executives warn new rules aimed at reducing vessel emissions could incentivize vessel operators to implement measures that increase emissions in other areas of the supply chain.
IEPs file brief siding with ocean carriers in FMC chassis dispute The independent equipment providers say upending the current business model would create additional chassis shortages and invoicing problems that would inconvenience cargo owners.
US imports from Asia hit three-year low in February: data February marked the sixth consecutive month of year-over-year declines in Asian imports, but those declines are being compared with the record or near-record import volumes that were posted in late 2021 and early 2022.
WiseTech Global weighing US domestic tech acquisition options: CEO Widely used forwarding software provider WiseTech Global will pursue further US landside logistics technology targets in 2023, its CEO says.
Berth upgrade work sparks vessel bunching, truck buildups at India's JNPT Delays began to build after an equipment upgrade project to enhance productivity and capacity at APM Terminals Mumbai put one of its berths out of commission for six months.
Trio of panamax bulker charters fixed for a year Handysize fixture beat average daily rate for 12-month period
Ships with lowest carbon intensity ratings least likely to be sold last year, says VesselsValue Almost 13% of ships that were sold in 2022 received a B rating, according to VesselsValue analysis
Handysize bulker rates rising amid 'active' week in spot and period markets Spot rates for other bulker sizes also rose but fell toward end of week
Suezmax rates jump as activity trickles down to the Atlantic VLCC rates have firmed, helping boost suezmax rates this week
Handysize bulker sector keeps rising due to 'active' week in spot and period markets Spot rates for other bulker sizes also rose but fell toward end of week
Three panamax bulkers and a handysize bulker fetch year-long charters Handysize fixture beat average daily rate for 12-month period
Podcast: Should shipping even consider the nuclear option to slash carbon? At our Green Seas Fuels Forum, an audience question about nuclear power sparks a debate over whether it is a safe and effective solution to greenhouse gas emissions.
Why regional powers have a pivotal role to play in shaping global shipping regulation As the International Maritime Organization mulls its global goals, maritime policy analyst Chiarra Mingozzi argues regional players can lead the way
Pireaus office helps Britannia P&I get close to Greek shipowners The conservative UK insurer has made great gains in Athens since it reached out with a local outpost
Editor's selection: Product tanker bonanza blows, Europe's shipowners get 'cozy' with Russia sanctions and Evergreen bumps bonuses A look back at some of TradeWinds' biggest and best stories of the week
OSG dipping back into equities market with share repurchase plan Last year, the company bought back 10m of its own shares for $29m
Torm's Jacob Meldgaard says the death of the LR1 has been exaggerated Danish owner's boss believes seven secondhand additions to the fleet will see out their working lives with no problems
Clarksons says 400 extra offshore ships will be needed in the next two years But with no oil and gas support vessels on order, prospects are good for the existing fleet
Green groups pile on pressure ahead of IMO's 'defining moment' on climate change Clean Shipping Coalition, Ocean Conservancy and others want to see net zero for shipping by 2040
Special report: Accelerating innovation in digital tech In our latest business focus, TradeWinds reporters Paul Berril, Matt Coyne and Holly Birkitt look at how technology and tools are making their mark on efficiency and productivity in the industry. Read the stories below
Carriers lured by stronger rates to Asia-Mediterranean trade Liner giant MSC paves the way by deploying bigger ships on revived service
Saved Swiss bank Credit Suisse pledges to stick with shipping Beleaguered banking giant leaves no doubt about its commitment to the maritime industry
Older suezmax values hit highest level since 2008 as Greek shipowners sell VesselsValue analyst Rebecca Galanopoulos Jones says 10-year-old VLCCs are also much in demand
Methane abatement group set to pilot onboard systems on their ships Results from around six in-house studies from LNG carriers and LNG-fuelled ships to be made public later this year
ITF targets 1,000 ships in safety crackdown on four 'worst' flags Togo, Cook Islands, Palau and Sierra Leone registers come under scrutiny in the Mediterranean
Philippines investigates if sunk tanker was converted 'scrap ship' Country's justice secretary says witness has come forward to say newbuilding was converted LPG carrier
Shipping giant Mitsui OSK Lines taps Princess Cruises talent to grow cruise business Japanese shipowner brings in cruise veteran as it prepares to quadruple the size of fleet
Stolt-Nielsen's investments top $217m through stakes in CoolCo and Odfjell Norwegian shipping group has broadened its gas investments
Armed guards return fire as Greek bulker comes under attack off Yemen Crew and vessel reported to be safe after incident in Red Sea
Evergreen brings 2022 bonus to five years' pay with second handout Taiwanese container line continues to reward staff for record year
Tsakos Energy marks 20th NYSE birthday with record earnings The Greek shipowner is optimistic that the tanker bonanza is here to stay
CoolCo shares to open on New York Stock Exchange today LNG shipowner's stock resumes trading on Euronext Growth Oslo
Armed guards return fire as cargo ship comes under attack off Yemen Crew and vessel reported to be safe after incident in Red Sea
Tacitly extended? Black Sea grain deal looks set to continue As a deadline to renew the UN-led safe corridor expires, latest statements suggest that nobody is prepared to kill off the scheme just yet
Tufton predicts further rise in tanker and bulker values as profit increases UK shipping fund bullish on both markets following strong 2022
Evergreen brings 2022 bonus to five years' pay with second hand-out Taiwanese container line continues to reward staff for record year
AI & AIS screening: Big data can have big impact on shipping's sanctions risk management As compliance requirements ramp up on Russia sanctions busting, technology firms are offering digital solutions to stay on the right side of the law
R&D: Why Shell Shipping does not need a bigger boat for its version of JAWS Simple innovation and 'creativity' is delivering big benefits for energy transition, with extensive man hours logged by the major to investigate around 100 new tech for its fleet at any one time
Tech on a shoestring: Investors put maritime start-ups and scale-ups under the microscope Capital to scale up faces a higher bar and fuels M&A expectations, while opportunities for start-up funding remain but founders may have to prepare for longer stretch between rounds
The Tomorrow People: Future of FFA market will blend man and machine The market is embracing a variety of different tech tools
Marubeni trials: 'Imperfect' CII demands collaboration over vessel optimisation, says NAPA A NAPA and ClassNK study into real-life carbon savings for bulk carriers showed emissions can be cut by 7.3% but highlighted shipowner and charterer cooperation is essential
Digital services: Cloud-based seafarer training marketplace surges on Covid shift Swedish Shipowners'-backed and DNV-certified Seably platform has 800 online courses from third-party educators, shipping companies and specialists
Watch-keeping: 'Cameras are the eyes and algorithms the brain' as Orca looks to automate navigation Israeli developer's collision avoidance systems used to navigate an unmanned vessel through Tokyo Bay last February are now fitted on 150 vessels
'Industry first': Pricing iron ore freight made easy with automation The Zuma Labs C5 module aims to remove the hassle for traders and shipbrokers in pricing Western Australia to China capesize bulker voyages
Ten secondhand ships or ten newbuildings? Torm's Jacob Meldgaard knows which he prefers Danish boss explains why he is happy to buy older vessels for now
Shipping giant MOL taps Princess Cruises talent to grow cruise business Japanese shipowner brings in cruise veteran as it prepares to quadruple the size of the fleet
Advantage Tankers firms order for up to three suezmaxes at DH Shipbuilding Geneva-based Advantage Tankers has ordered LNG dual-fuel-ready vessels
Los Angeles extends Pacific green corridor plan to Japan ports Latest tie-ups double the number of Asian ports agreeing to work with the largest port in the US on low and zero-carbon ships and fuels
New FMC rule expands shippers' eligibility for carrier refunds Federal regulators have codified provisions of the Ocean Shipping Reform Act that may extract more compensation from ocean carriers for rule violations.
West Coast wipeout: Los Angeles, Long Beach imports still sinking U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
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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