TTB 2024 to focus on key challenges in the tug, towboat and barge sector The U.S. tugboat, towboat and barge industry may already be the safest, most environmentally friendly, and most economical mode of freight transportation, but it is faced with the challenge of making a
Svitzer's U.K. operation takes delivery of Svitzer Estelle The Maersk group's towage operator Svitzer has taken delivery of Svitzer Estelle, the second Robert Allan Ltd. designed RAstar 3200W tug built for Svitzer's European operations by Turkey's Uzmar Shipyards. It will
Deutsche Bahn commences DB Schenker sale process Deutsche Bahn has begun the process of selling its logistics company DB Schenker. The DB Group released an official notice outlining an open and non-discriminatory process for selling the shares. The requirement for a sale is that it must provide obvious economic benefits to Deutsche Bahn in all aspects. According to a statement, the worldwide logistics market has outstanding long-term growth pro
Carriers divert via the Cape until task force nullifies Houthi threat Inventor Chemical Tankers, the Norway-based owner of the Swan Atlantic the latest casualty in the Red Sea, which was hit by a missile fired by the Houthi Movement has blamed misinformation on the web as the cause of the attack. Swan Atlantic was one of two vessels attacked yesterday in the southern Red Sea and the vessel is now being assisted by the USS Carney, but the company said there were no
NWSA handles over 2.7 million TEUs in 2023 so far The Northwest Seaport Alliance (NWSA), an alliance between the ports of Tacoma and Seattle, handled 230,787 TEUs in November, translating to a year-over year decrease of 6.6%. Year-to-date volume comparisons reveal a 14% decline with NWSA moving 2,711,245 TEUs. Full imports experienced a 15% drop, while full exports saw a 1.3% increase after three months of consecutive growth. Meanwhile, Terminal
CMA CGM introduces CEIBA Express service French ocean carrier CMA CGM has announced tha launch of CEIBA Express, a direct weekly service connecting Florida with key destinations in Venezuela, Colombia, Honduras, and Guatemala. The service includes major ports such as Port Everglades, Kingston, La Guaira, Puerto Cabello, Cartagena, Puerto Cortes, and Santo Tomas. The inaugural sailing with the vessel Hansa Salzburg is scheduled to commen
Global Shipping: Disruptions pop-back ahead of 2024 One of the largest global shipping organizations, Maersk announced pausing all its operations on the Red Sea route, a passage that accounts over 10% of the global shipping trade. Soon after, its counterparts MSC and CMA CGM too announced suspension of their operations. One of the MSC Vessels- MSC Palatium III was reportedly attacked over the weekend, but reported no casualties. The rising politic
Kalmar, Super Terminais extend partnership with equipment order for Brazilian box terminal Kalmar has inked an agreement with its longstanding Brazilian partner Super Terminais to provide a comprehensive range of equipment and services for the Manaus terminal in northern Brazil. Super Terminais has ordered four Kalmar reach stackers, two Kalmar empty container handlers, eight Kalmar Essential terminal tractors and the Kalmar Insight performance management tool. The machines are schedul
HMM likely to be sold to Harim-JKL in US$4.9 billion deal South Korean poultry processor and Pan Ocean owner Harim Group and its consortium member, private equity firm JKL Partners, were chosen as the preferred bidder to acquire the country's flagship carrier HMM on 18 December. HMM's main shareholders, state-controlled institutions Korea Development Bank and Korea Ocean Business Corporation, announced their choice after nearly a month of assessment, af
Port of Long Beach receives over US$280 million federal grant to develop rail project The Port of Long Beach (POLB) is set to receive a substantial US$283 million federal grant for developing "America's Green Gateway," a transformative rail project. This initiative, located at the Port's Pier B On-Dock Rail Support Facility, is a crucial component of the broader US$1.5 billion project aimed at enhancing on-dock rail capabilities. This funding, granted through the US Department of
Singapore and Japan partner to create green and digital shipping corridor On 16 December 2023, the Ministry of Transport of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) inked a Memorandum of Cooperation (MoC) to establish the Singapore - Japan Green and Digital Shipping Corridor. This historic collaboration marks the first of its kind between the two nations, aiming to set standards and best practices for the maritime
Interview with Asparuh Koev, CEO of Transmetrics Artificial Intelligence (AI) and Big Data play pivotal role in optimizing various aspects of the logistics industry. Transmetrics, co-founded by industry veteran Asparuh Koev, employs AI to forecast container demand, reducing costs significantly. These technologies enhance supply chain visibility, improve fleet management through predictive maintenance, and optimize demand forecasting and invento
Supervisory board changes at Port of Rotterdam Authority As of 15 December 2023, Thecla Bodewes and Jacqueline Prins have assumed roles on the Port of Rotterdam Authority Supervisory Board. Miriam Maes, having completed two terms, is stepping down as the chair of the Supervisory Board. Koos Timmermans will take on the role of chair, while Wouter van Benten will be appointed as the new vice chair. Nominated by the Board and appointed by shareholders, me
Safe Bulkers signs for another kamsarmax newbuild Monaco-headquartered Greek shipowner Safe Bulkers has sealed a deal for another kamsarmax newbuild which will deliver from an unnamed Japanese yard in the first half of 2026. The 82,000 dwt ship, a sister vessel to several Safe Bulkers newbuilds, has been designed to meet the Phase 3 requirements of Energy Efficiency Design Index and also ...
Leadership change at Exmar Belgium's Exmar is moving into next year with new leadership. Carl-Antoine Saverys will take the helm from Francis Mottrie at his father Nicolas Saverys-controlled gas shipowner and infrastructure provider. Carl-Antoine Saverys spent the past six years in deputy roles at Exmar's infrastructure department and the shipping department after assuming several roles in the shipping sector. ...
Hercules Supply books up to three MPSVs at Fujian Mawei Norwegian firm Hercules Supply has emerged behind an order for up to three multipurpose offshore support vessels (MPSVs) at Fujian Mawei shipyard in China. The deal covers one firm 88-m-long newbuild, designed by Breeze Ship Design. The unit will be fitted with battery hybrid propulsion, moonpoool and be fit to accommodate 60 people. The first ...
DOF wins $30m worth of contracts Norway's DOF has secured two projects with an estimated combined revenue of approximately $30m. The first contract covers engineering, preparation, removal, and disposal (EPRD) for an FPSO cessation project in the North Sea. Under the contract, DOF will disconnect, transport and pre-moor the floating unit, and retrieve and recycle the mooring system. Project management and ...
Subsea 7 awarded North Sea contract extension by BP Oslo-listed offshore engineering and services player Subsea 7 has won a contract extension worth between $50m and $150m from BP under an existing frame agreement for subsea construction, inspection, repair and maintenance (IRM) services. Under the two-year extension, Subsea7 will provide an IRM, survey and light construction vessel, complete with work class and observation class ...
New EU oil cap sanction rules announced The European Union has unveiled its 12th package of sanctions against Russia, with tankers very much included in the set of restrictions. The new sanctions call for notification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of secondhand ...
MOL orders five newcastlemaxes Japan's Mitsui OSK Lines (MOL) has ordered five LNG-fuelled newcastlemaxes, split between Nihon Shipyard on home soil and CSSC Qingdao Beihai Shipbuilding in China. The vessels are slated for delivery from 2026 to 2027. Including these five vessels, MOL will add a total of 13 LNG-fuelled capesize bulkers in its fleet. No price has been ...
Castor Maritime confirms move towards capesize market exit Cyprus-based bulker and boxship owner Castor Maritime has confirmed its exit from the capesize segment after offloading its 2006-built Magic Orion, a deal earlier reported by Splash. The Nasdaq-listed outfit controlled by Petros Panagiotidis said it plans to close the sale of the Imabari-built 180,200 dwt ship by the end of the first quarter of ...
Harbour Energy takes option on Noble jackup Offshore rig owner Noble Corporation has secured more work in the UK sector of the North Sea, following BP's decision to keep the jackup rig Noble Innovator for about 90 more days, keeping it rig fixed into December 2024. Oil and gas producer Harbour Energy has now exercised an option to add up to three ...
Borr Drilling seals jackup deal in Cameroon Norwegian jack-up rig owner Borr Drilling has struck a deal with Tower Resources for its premium rig Norve, the London-listed oil and gas company focused on Africa said. The 2011-built unit has been earmarked to drill the NJOM-3 well on Tower's Thali license in Cameroon in 2024. The Norve is currently working for BW Energy ...
TGS awarded OBN contract in Gulf of Mexico TGS has been awarded a two-month proprietary ocean bottom bode (OBN) data acquisition contract in the Gulf of Mexico. The project's acquisition will kick off in the first quarter of 2024, the Oslo-listed company said without disclosing any further details. Kristian Johansen, CEO at TGS, commented: "This project highlights the key role OBN data plays ...
Navies are coming to shipping's aid. Will it work? Shipping received an international response with the launch of Operation Prosperity Guardian. But what it will look like, and how...
Diverting Red Sea ships to boost South Africa bunkering demand South Africa's bunker hubs could benefit from increasing traffic via the Cape of Good Hope, while some vessels could opt...
Safe Bulkers grows orderbook with kamsarmax order Safe Bulkers grows its orderbook with a 82,000 dwt kamsarmax to be delivered in 2026. The company recently sold a...
Business as usual for tanker trades as most operators continue on Red Sea/Suez route Several European tanker operators including Maersk Tankers, Norden and Torm are understood to have plans in place to bypass the...
Performance Shipping axes debt with repayment of Piraeus loans Use of 'excess cash' will 'significantly' reduce repayments and financing costs
Vehicle carriers start to divert to Cape of Good Hope World's largest operator of vehicle carriers has confirmed it will reroute all vessels to avoid the risk of its ships...
Education is holy grail for Hellenic Hull Ilias Tsakiris: Today's primary school kids are the ones who will handle shipping's green transition
Asia/Europe boxships remain in Red Sea limbo The Evergreen-operated 20,000 teu boxship Ever Goods is continuing its southbound transit of the Red Sea, while Maersk's 18,270 teu...
MOL boosts dry cargo orderbook with order for five dual-fuel LNG newcastlemaxes Two newcastlemax ships will be built locally by Nihon Shipyard and the other three at China's Qingdao Beihai
Shipping can adapt to anything as long as trade remains global Global maritime trade is down in 2023, but it has proven remarkably resilient to successive shocks to the system. A...
Tankers: Will the market take the hard road or an easier pathway in 2024? Forget the fundamentals; geopolitics will likely play an outsized role in the tanker markets in 2024
Daily Briefing BP and Yang Ming suspend Red Sea shipping as supply diversions increase | Up to 1.7m teu containership capacity could...
DHL, Teamsters agree on tentative pact, ending Cincinnati hub strike Workers loading and unloading planes at DHL Express's Cincinnati-Kentucky hub will get higher wages and better benefits in a deal that ends a strike that threatened to disrupt the carrier's US operations.
Red Sea crisis escalates as US, partners unveil naval task force in region Five of the world's top 10 ocean carriers have so far announced diversions away from the Red Sea, and their language suggests there is growing acceptance that this crisis will be open-ended.
Calmer supply chains, soft demand boosting on-time package deliveries in US UPS and FedEx are delivering more packages on time this holiday season, helped by no shortage of capacity in the modes that feed their networks, while Amazon, Walmart and others build out delivery capabilities.
Deutsche Bahn launches long-awaited sales process for DB Schenker unit Those making offers - which analysts say could top $20 billion - are expected to be a list of major global forwarders including DSV, Kuehne + Nagel and DHL Global Forwarding.
Questions raised over winning bidder for controlling stake in HMM The South Korean carrier has settled on an offer from a consortium led by poultry producer Harim Group, but there are doubts over the buyer's ability to manage a global shipping line.
CMA CGM and Hapag-Lloyd invoke force majeure as more carriers reroute vessels ONE, HMM, Evergreen and Maersk add vessels to the growing list diverted from Suez
Carl-Antoine Saverys to head Exmar at 'exciting time' New era dawns for shipowner as father Nicolas Saverys hands over to son and young new 'energetic team'
Vincent Clerc says it could take weeks to reopen Red Sea as Maersk reroutes Danish liner giant makes decision to divert vessels around Cape of Good Hope as Houthi threat keeps Suez Canal route off limits
Carl-Antoine Saverys to step up as CEO of Exmar at 'exciting time' New era dawns for shipowner as father Nicolas Saverys hands over to son and young new 'energetic team'
Safe Bulkers expands newbuild campaign with another kamsarmax After an October order for dual-fuelled vessels, Polys Hajioannou switches back to conventionally-fuelled ships
'Demands not known': No news yet from Navibulgar ship captors The 41,600-dwt Ruen (built 2016) is sailing close to the Puntland coast, while navy ships are watching
Vega Bulk Carriers hires general manager for supramax from Eastern Bulk Norwegian dry bulk operator recruits Andreas Skajaa to lead supramax desk
Velos quietly builds bulker fleet with buys worth more than $50m Greek owner Paschalis Diamantides emerges behind acquisitions of a modern eco kamsarmax and a post-panamax
Awilco LNG agrees $5m settlement after serious Singapore collision with bulker Norwegian owner's WilForce spent months under repair after 2019 smash
Stena Line puts faith in the future with mammoth 77-year UK port deal Swedish operator inks contract with Peel Ports lasting until 2100
Nova Marine reveals acquisitions in booming handy S&P market Versatile, Lugano-based owner buys in Japan for its first fleet additions in nearly two years
'Reducing risk': Ambrey and Diaplous team up on digital shipping security UK and Greek operations forge alliance to boost information for owners and vessels
Red Sea high risk area widens in response to Houthi attacks War risk rates continue to harden as attacks escalate
Wallenius Wilhelmsen suspends all planned Red Sea transits amid security crisis World's largest car carrier reroutes all vessels via the Cape of Good Hope until further notice
RCL pens $226.4m order for sub-panamax container ships Yet another carrier opts for size of boxship once deemed obsolete
LNG carrier charterers rethink Red Sea routeing amid ongoing attacks Subject 'high on the agenda' but fallout has yet to filter through to charter rates
Solstad Offshore and Kistefos push back damage claims meeting Kistefos, meanwhile, has snapped up more shares of the Norwegian offshore vessel owner
Maersk picks yard for series of sub-panamax container ships Danish liner giant said to be paying around $68m each for the newbuildings
Panagiotidis' Castor Maritime confirms capesize exit with profitable sale Magic Orion disposal will see $2m gain booked in the first quarter
Bullish insurer Skuld sees profit hike ahead of P&I renewal Investment and underwriting returns have improved at the Norwegian insurer
On board the Green Pioneer: A trailblazer for ammonia-powered shipping Australian mining company Fortescue converted their own engines from the 1970s to tackle logjam
Russia may have sourced enough tankers as vintage values fall, Gibsons says UK broker argues easing of Venezuelan sanctions may also be limiting trading opportunities for veteran vessels
MOL adds five LNG dual-fuel newcastlemax bulker newbuildings to growing orderbook The Tokyo-based company will take delivery of the quintet from Japanese and Chinese yards by 2027
Louis Dreyfus signs deal for wind assist propulsion installation LDC deal set for installation in 2024
Shipowners probe new piracy threat after removing Indian Ocean High Risk Area Hijacking of bulk carrier appears to be an unexpected return of Somalian piracy
Naval alliance prepares to hit back at Houthis as attacks keep coming UK reporting agency says five boats containing armed personnel were probably deterred from an attack by coalition forces
Former Fredriksen lieutenant Eliassen to chair cleantech company as Hvide McLeod leaves Ex-Seatankers director takes new role at Soiltech as former Frontline boss steps down as director
Suspected Somali pirates release seafarer from hijacked Navibulgar ship Vessel trackers show the 41,600-dwt Ruen (built 2016) sailing close to the coast around the Horn of Africa
'Misinformation' led to Swan Atlantic being targeted by terrorists, owner claims Shipowner says nationality of vessel's ship manager was incorrectly reported by ship-tracking company
'Robust' Gram Car Carriers lowers interest cost with $30m refinancing Norwegian owner could shave 1% off coupon with new funds for its ship Mediterranean Sea
MOL adds five LNG dual-fuel newcastlemax newbuildings to growing orderbook
New ABN AMRO desk aims to fill huge carbon trading gap for smaller owners Martin Eichstadt-Krug explains how the Dutch bank's expertise will give it a leading position in shipping's carbon market next year
Sao Viet aframax held briefly in Singapore over hefty bunker dispute Quickly settled dispute involved bunker claim worth close to $1m
'Misinformation' led to Swan Atlantic being targeted, claims owner Shipowner says nationality of vessel's ship manager was incorrectly reported by ship-tracking company
US launches anti-Houthi naval alliance to protect Red Sea shipping US heeds shipping's calls to step up security measures by announcing 'Operation Prosperity Guardian'
DHL Express workers at Cincinnati airport reach deal, end strike DHL ground support workers at the company's Cincinnati airport hub ended their strike after an agreement on a new contract.
Gulf Coast ports record varied results in November volumes Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
New Calgary airport property owner shifts focus to air cargo A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
DOT's freight data exchange processing 65% of US container imports Multimodal freight office leader Allison Camden has high expectations now that freight "has a seat at the table."
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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