Transocean eyes converting some vessels for offshore wind foundation installation Offshore drilling contractor Transocean (NYSE: RIG) and offshore wind turbine installer Eneti Inc.(NYSE:NETI) have entered an MOU indicating their intention to form a joint venture company that would engage in offshore wind
VIDEO: Singapore's first all-electric ferry launches Singapore's Penguin Shipyard this week launched Penguin Refresh, the first of three all-electric ferries being built for parent Penguin International's Electric Dream project. Under a contract with Shell Singapore signed in 2021,
JAXPORT moves 2,500 pieces of military cargo The Jacksonville, Fla., Port Authority (JAXPORT) recently facilitated the movement of nearly 2,500 pieces of U.S. military cargo, including almost 100 aircraft. The move took place during two shipments over the past
C-Innovation adds new multi-vessel Port Fourchon facility Edison Chouest Offshore (ECO) affiliate C-Innovation has expanded into a new facility in Port Fourchon, La., that provides an additional dock facility for subsea inspection, maintenance and repair (IMR) and riserless light
Port of Helsinki finds new vice president for container traffic Vesa Marttinen has been appointed vice president of container traffic at the Port of Helsinki, replacing Jukka Kallio. Marttinen, who has held various positions worldwide in the nautical and maritime industries, will take over his duties at the Finnish port in June. He commented, "I find joining the Port of Helsinki team interesting and inspiring and I want to start developing operations, address
New leadership takes the helm at Volta Shipping Volta Shipping, a non-vessel-operating common carrier, has appointed Debjit Sengupta as the new managing director. Volta Shipping considers Sengupta as the "ideal candidate" for this position, as he has more than 30 years of experience in shipping and related areas. Debjit Sengupta will replace Manikandan Kongattil, who has left the company after four years of service. Kongattil will continue to
CMA CGM suspends reefer shipments to Cameroon's major port CMA CGM has announced that the container terminal in Douala port has imposed restrictions on the discharge of reefer boxes due to ongoing congestion in Cameroon's port. According to the terminal's restrictions, containers can be discharged from vessels only if a delivery under tackle is ensured. Additionally, containers idling at the terminal must be evacuated. Therefore, CMA CGM has decided to s
ZIM names new LNG container ships in South Korea Israeli container carrier ZIM announced that a naming ceremony of two LNG vessels, ZIM Mount Everest and ZIM Mount Blanc, was held at Samsung Heavy Industries (SHI) shipyard in South Korea. During the ceremony, Alice Tham, ZIM Singapore country manager, and Rachel Yang, ZIM head of sales in South China and Hong Kong, officially named the container vessels. Eli Glickman, ZIM's president and CEO, c
Atlantic Forwarding Group appoints new CFO Atlantic Forwarding Group, a global forwarder, has selected Christoph Ritt as the new chief financial officer (CFO), who will report directly to the company's CEO. Chris will succeed Marco Iulita, who will leave the company in the month. Ritt commented, "I am honored to take on this role as CFO and very excited about the opportunities ahead of us to support the company's long-term objectives." Ch
NYK upgrades its fleet with Orca AI technology Japan's shipping company Nippon Yusen Kabushiki Kaisha (NYK) Group has collaborated with Orca AI, developer of an automated situational awareness platform, to improve the safety of its fleet. NYK Group has confirmed that the Orca AI platform will be installed across its fleet, which includes bulk carriers, tankers, and container ships. The collaboration between the two parties began in August 202
DP World's Indian transshipment gateway suffers volume setbacks In a major blow to its growth ambitions, DP World's flagship Vallarpadam Terminal in Cochin Port, touted as India's first transhipment hub, suffered significant traffic declines in the fiscal year 2022-23 that ended on 31 March, according to new data obtained by Container News . Transhipment loads fell more than 30%, while overall box throughput dropped about 5%, year-over-year. By volume, DP Wor
Shippers and forwarders organisations call for stronger data governance standards in digital supply chains The International Federation of Freight Forwarders Associations (FIATA) and the Global Shippers Forum (GSF) have jointly issued an agreed Charter for the Protection and Governance of Data in International Trade. The purpose of this is to set out the minimum arrangements for data security and confidentiality that providers and operators of digital booking and trading platforms should adopt and inc
Global Ports and EuroChem agree on fertilizers handling in bulk containers through Big Port of St. Petersburg Global Ports and the mineral and chemical company EuroChem signed a memorandum of intent at the annual transportation and logistics exhibition TransRussia. The agreement between EuroChem and Global Ports will run until the end of 2025. According to the deal, Global Ports will provide for the shipment of products from EuroChem's plants in GlobalPorts' own bulk containers by block trains to the Glo
PSA acquires majority stake in ALISAN Logistics to extend network in Türkiye PSA International has signed an agreement to buy 75% of the shares of privately held ALISAN Logistics through its wholly-owned subsidiary, PSA-BDP Turkey Supply Chain Solutions. ALISAN is a Turkish logistics firm that specialises in fast-moving consumer goods (FMCG), chemicals, automotive sectors, and agribusiness. Following the completion of the deal, ALISAN will be grouped under the aegis of PS
Georgia Ports Authority sees over 360,000 TEUs in March The Georgia Ports Authority (GA) recorded container volumes of 367,880 TEUs in March 2023, compared to 444,690 TEUs in the same month in 2022. An important factor in current trade volumes, according to GPA, is reduced orders from large general merchandise retailers, as the companies work through overstocked inventories. Additionally, rising interest rates and reduced buying power caused by inflat
London Gateway Logistics Park approves second major tenant since becoming freeport OASIS Group is the second firm to relocate to DP World's port-centric logistics park at London Gateway since it became a freeport. The park which covers 836,000 m² of land and is located 45 kilometres from central London continues to attract significant investment. This month, the information management services provider OASIS Group took possession of a warehouse of over 10,000 m². Significant fi
HMM works with SHI and PANASIA to conduct field tests of onboard carbon capture system HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for container ships along with SHI (Samsung Heavy Industries) and PANASIA in the second half of 2023. In particular, OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated during vessel operation, ensuring it is not emitted into the atmosphere. According to HMM, this solution has the potenti
Watson Farley & Williams opens new office in Tokyo International law firm specialising in the energy and transport sectors, Watson Farley & Williams (WFW) has launched a new office in Tokyo, the capital city of Japan. The new office, which is the company's 19th worldwide, will be led by WFW partner Simon Collins, who relocates to Tokyo from Hong Kong, and newly arrived Partner Keisuke Imon. In addition to Keisuke, counsel Shusuke Fukunaga and a t
RoadOne buys Ace Transport Miami LLC RoadOne IntermodaLogistics, a provider of intermodal, warehousing, and logistics services, announced the purchase of Ace Transport Miami LLC, a provider of intermodal and transload services in Miami, Florida. In the future, the firm will be known as Ace IntermodaLogistics and will be a division of RoadOne. According to the statement, Ace is a top-five logistics and transportation carrier in the M
Svitzer partners with Caterpillar for fleet transition to methanol Svitzer, a Maersk-owned towage operator, has signed a Memorandum of Understanding (MoU) with Houston-based Caterpillar Marine in order to adopt solutions that enable Svitzer to utilise methanol in their fleet. Under the partnership, the two partners plan to work on the installation of dual-fuel methanol engines on new tugs as well as conversions of existing Cat® powered tugs, which comprise the m
Secondhand crude tanker values hit highest levels recorded this century Prices of secondhand crude tankers have reached their highest level in 25 years, backed by a reconfigured global oil trade after Russia's invasion of Ukraine, according to shipowning body BIMCO. As the hot market scrambles for available tonnage with secondhand units approaching newbuild prices, BIMCO's chief shipping analyst, Niels Rasmussen, has seen five-year-old ships increase ...
Provaris showcases compressed hydrogen floating storage concept Australia's Provaris Energy Provaris Energy has revealed a gaseous hydrogen floating storage concept that has been granted approval in principle by the American Bureau of Shipping (ABS). The solution, dubbed H2Leo, has a design capacity range of 300 to 600 tonnes of hydrogen, expandable to up to 2,000 tonnes. The ASX-listed company said the unit ...
BW Offshore offloads another FPSO BW Offshore has sealed a deal to sell another one of its floating production storage and offloading vessels as it shifts its focus to other floating energy infrastructure investments. BW Group's Oslo-listed floater specialist has offloaded its FPSO to an undisclosed third party. Financial details were not disclosed, but BW Offshore said the unit was ...
Blue Water Shipping takes full control of Danwind joint venture Danish logistics group Blue Water Shipping has taken full ownership of its wind turbine services venture, buying out its fellow partner Danwind for an undisclosed sum. After operating as a joint venture for a year and a half, Danwind Blue Water, which offers turnkey services covering the full scope of logistics, assembly, disassembly and installation ...
More newcomers flock to lucrative Russian box trades New entrants continue to flock to the lucrative Asia-Russia box trades. Turkey's East Shipping Line (e-Shipping) is the latest to be identified by Alphaliner. The company has recently debuted a Korea Vladivostok Express service, using three feeders on the route that links South Korea, China and eastern Russia. Within weeks of the first shots being ...
Oak supramax the acorn for shipping's cultivation of fractional ownership A joint venture between Infinity Maritime and 5 Ocean Shipping Management has taken delivery of the , a 2011-built supramax bought from Chandris for $14.9m as shipping prepares for a digital future with fractional ownership of vessels via online tokens. The Oak has sowed the seed as the first deal on the Infinity Maritime platform ...
European Parliament votes in favour of including shipping in EU's emissions trading system The European Parliament has voted in favour of including shipping in its emissions trading system (ETS). Pursuant to EU countries signing off the new regulations, shipowners will be required to pay for allowances covering 40% of emissions from next year, 70% in 2025, and 100% from 2026. Under the new rules, the parliament agreed yesterday ...
Ørsted and Acciona team up to advance floating wind Danish utility Ørsted has joined forces with the infrastructure division of Spain's Acciona to explore options for floating offshore wind foundations. The two companies have signed a memorandum of understanding that will see them working to reduce floating wind levelised cost of electricity (LCoE) and environmental footprint, industrialise the fabrication of concrete foundations, and establish ...
HMM to install onboard carbon capture system, preps part of fleet for slow steaming future South Korean flagship HMM plans to conduct field tests this year of an onboard carbon capture system for containerships along with compatriots Samsung Heavy Industries and Panasia, a scrubber manufacturer which has latterly developed carbon capture technology. A feasibility study has already been carried out, which showed that no major reconfiguration of existing equipment is ...
Saipem seals $280m drillship contract extension with Eni Italian energy services contractor Saipem has secured a two-year contract extension from Eni for its drillship . The seventh-generation floater is currently working for Eni in the US Gulf of Mexico on a contract until August 2023. The new contract, estimated to be worth around $280m, will be a direct continuation of its existing employment. ...
US west coast faces up to box exodus Threats to the supply chain are seeing shippers ditch the US west coast. Canadian software provider Descartes has counted that more than 1m teu of US container imports have shifted from the west coast annually since 2019, with the biggest beneficiary being Gulf coast ports. The types of commodities that experienced the greatest growth in ...
PSA buys Turkish logistics company Singaporean terminal operator PSA International has bought a 75% stake in Istanbul-headquartered Alisan Logistics, a privately held company active in fast moving consumer goods (FMCG), chemicals, automotive industries and agro business. Upon transaction completion, Alisan will be grouped under the auspices of PSA's cargo solutions arm, PSA BDP. PSA's group CEO Tan Chong Meng said, ...
Heavyweight investors buy into Vortexa Eyeing an opportunity in a rapidly consolidating space, New York-based venture capital firm Communitas Capital has taken a stake in energy analytics company Vortexa. Prices and the size of the stake have not been revealed. The founders of Communitas Capital are well-placed in making their investment. They are Tom Glocer, lead board director at Morgan ...
Sailors' Society commits to virtual future Charity Sailors' Society is switching its focus to 24/7 virtual support for seafarers and their families across the world. The charity's global team will provide a virtual chaplaincy service available to all seafarers and their loved ones whenever and wherever they need support, whether they are many miles out to sea, in a busy port ...
US Defense Department challenged by sites selected for wind development off Atlantic coast A map created by the US Defense Department that identifies areas off the country's Atlantic coast earmarked by the Biden administration for wind-energy development and considered an issue for the armed forces has been made public. According to an article from Bloomberg, four of six potential wind lease areas designated by the Interior Department off ...
West coast ports lose over 1m teu of imports per year since 2021 Cargo has been gradually shifting eastwards from the west coast for at least a decade, however that trend is accelerating...
Box freight rate slump shows signs of easing A number of trades are now seeing freight rates last seen before the pandemic pushed them to vertiginous highs. This...
Vale must up iron ore output to meet full-year target Iron ore loadings from Brazil rose 30% in the past week compared with the previous seven days, according to data...
Global steel demand set to bounce back Emerging economies are expected to see greater growth than advanced economies, World Steel Association says in new short-range outlook. China...
Grimaldi receives lead ship in new eco ro-ro series First of six 4,700 lane metre deepsea ro-ro cargo vessels has been delivered from South Korea's Hyundai Mipo Dockyard
Ukraine minister says grain deal inspections to resume Ukrainian officials have accused Russia of employing new tactics designed to disrupt operations under the agreement
Nanjing Tanker's profit surges nearly 300% on trade dislocation Quarterly performance in line with expectations, while higher profit may be achieved in the second-half peak season, says analyst
Shippers seek improved data security Digitalised trade process saves time and money across the board. But for systems to be trusted there must be rules...
Inland waterway users call for intervention to stop French disruption Industrial action in France is paralysing inland waterway transport. Barge owners face 'blockades' and delays
HMM to trial carbon capture system on boxships South Korean carrier will also retrofit six containerships with more efficient propellers for the purpose of slow steaming
One dead after tanker catches fire off Indonesia Search and rescue team in Tanjung Pinang attended location of Malaysia-flagged tanker Tiger Star
US metal company chief charged with sanctions evasion US Justice Department says John Can Unsalan transferred over $150m to a Russia-based oligarch despite knowing he was under US...
PSA International acquires 75% stake in Turkish logistics company Istanbul-based company has more than 1,600 employees and 39 warehousing sites located in the vicinity of chemical producers
FMC commissioner warns of unintended consequences of forced labour law US Customs urged to consider amending its enforcement policies to prevent unnecessary disruptions to recovering supply chains
Daily Briefing EU Parliament approves shipping's inclusion in regional carbon market | Shipowners should see emissions trading as profit opportunity | CMA...
IANA warns against national reclassification of independent contractors The Intermodal Association of North America is adding its voice to the chorus of opposition against a federal push to reclassify independent workers.
European Parliament approves shipping ETS, but stakeholders wary The inclusion of shipping in Europe's ETS carbon pricing mechanism is almost a done deal, with legislators having one more bureaucratic hurdle left to clear.
US truck tonnage rose in March, but lagged expectations An unadjusted 9.3 percent gain in tonnage from February reversed a slide in freight volumes but paled in comparison with increases in 2022 and 2021, data show.
JOC Rankings: LA-LB shed import market share in 2022 amid stalled labor talks The West Coast continues to lose discretionary cargo to the East and Gulf coasts as shippers seek to avoid the type of disruption that has been occurring in Southern California of late linked to ongoing labor negotiations.
New bill in Alabama state house would boost tax credits for Mobile shippers Alabama legislators are looking to pass a series of new tax credits that aim to encourage more shippers to use the state's ports and labor force.
Zafolias moving on from CFO job at Genco Shipping after nine years Veteran will assist in transition through year's end before taking new post outside shipping industry
Supramax rates from US Gulf Coast to China jump amid Atlantic basin tonnage oversupply Overall supramax spot rates improve as South America's grain season approaches, broker says
Financing for LNG carriers set to stay at 'elevated' levels, Poten says Funding available for new liquefaction projects but their ability to sell volumes could prove a block
Inmarsat outage raises questions over reliability of global distress signal system Was ageing satellite infrastructure to blame for the two-day outage, which affected vessels in the Asia-Pacific region?
Container ship stocks get boost from 'disruption risk' at US west coast ports New York-listed boxship shares continue to trend upward on Wednesday as unionised workers and management hash out new labour contract
Former US Shipping Corp tanker that nearly grounded on Malta heads for scrapyard Elderly steam-powered chemical tanker is among nine demolition sales reported over past week
Seacon Shipping orders two multipurpose vessels for around $83m The newbuildings form part of the company's fleet renewal and expansion effort
'Unprecedented challenge': Shipping braces for an ESG disclosure tsunami Regulations requiring sustainability disclosures are piling up, and a sweeping mandate from the EU looming large 'just changes the whole game'
Provaris unveils plan for new hydrogen floating storage vessel Sydney-listed group adds to supply chain solutions with latest design
Navigare Capital and Stamford Shipping linked to lucrative tanker sales Brokers say Danish and Singaporean owners find buyers for MRs after steep price rises over the last year
Stephenson Harwood boosts shipping and finance power with four new partners Promotions total 11 in all as law firm targets further growth
Container freight rates spike, but is it another false dawn? Lines push through 'artificial' rate increases that are not sustainable, say analysts
New Thor Dahl owner goes to India with zero-emission order Ex-Thorvald Klaveness executive Henning Torp is the new Norwegian shipowner behind three hydrogen-powered mini-bulkers
Global Feeder Shipping orders MRs as Dubai firm targets booming product tanker market Dubai company expands into segment with MR newbuildings
Euronav board backs former CMB candidate Julie De Nul in latest vote Belgian shipping executive now considered independent, a month after tanker owner's shareholders rejected her candidacy
Iran seizes foreign-owned ship in alleged smuggling case Move by Revolutionary Guards continues crackdown on bringing fuel out of country
Global Feeder Shipping linked to MR orders as Dubai firm targets booming product tanker market The Dubai-based company has been linked to newbuilding pair ordered from South Korean shipyard
First LNG cargo for Philippines transfers into newly arrived FSU Full ship-to-ship operations kick off following cool-down process a week ago
Doubles all round as John Fredriksen and Euronav order suezmax tankers Rivals place bets on a promising sector tipped to prosper in the coming years
Secondhand crude tanker prices hit 25-year high, says Bimco Chief shipping analyst Niels Rasmussen says increasing tonne-miles and a low orderbook have driven up values
David Roberts to head up NorthStandard's Asia regional headquarters in Singapore Club claims it offers the widest P&I service provision in Asia-Pacific region
HMM moves to field tests of carbon capture on container ships South Korean owner says study showed retrofitting could take place without any changes to vessels
Second-hand crude tanker prices hit 25-year high, says BIMCO Chief shipping analyst Niels Rasmussen says increasing tonne-miles and a low orderbook has driven values up
Hong Kong's long-awaited first FSRU ties up at its new berth Mitsui OSK Lines' floating regasification and storage unit has been on a six-year odyssey before arriving at its new long-term home
Wilson bulker's ballast tanks breached in grounding off Iceland Salvage operation is being assessed after the incident on Tuesday
Greeks win scramble for rare modern ultramax bulk carrier Brokers report big interest in 2022-built vessel owned by Japan's Dowa Line
What was behind the demise of storied shipping law firm Ince? Is Ince the last casualty of the Sovcomflot litigation that was once its biggest money-spinner? Some veterans blame such big-ticket cases plus a flawed growth model for the firm's woes - not the Gordon Dadds merger
Biden extends US ban on Russian-affiliated vessels for a further year US president says Russian ships not welcome at US ports while Putin continues his was against Ukraine
Former US Shipping Corp tanker that nearly grounded on Malta heads for the scrapyard Elderly steam-powered chemical tanker Chem P is among nine demolition sales reported over past week
PSA International grows logistics footprint with Turkish acquisition Singapore container terminal operator is splashing the cash as it looks to build up its cargo solutions division
Port of Long Beach: Consumer spending decline contributed to import drop Executive Director Mario Cordero says the Port of Long Beach is "ready for a rebound in retail."
South Carolina's Inland Port Dillon sees record month despite Charleston slump SC Ports' Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.
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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