CBS Evening News features Chouest's LaShip shipyard Edison Chouest Offshore's LaShip shipyard in Houma, La., has become a showcase for how the offshore wind industry is helping to create Jones Act shipbuilding jobs. As we reported earlier, back in
"No significant damage" in Maine State Ferry grounding The Maine State Ferry Service (MSFS) says that an initial inspection showed that the hull of its ferry Captain Richard G. Spear was not significantly damaged during an August 16 grounding incident.
FERRIES 2023: Panel on NYC's first public hybrid-electric ferry Coming off the heels of a successful San Francisco presentation last November, Marine Log's 36th annual FERRIES conference is heading back to the East Coast, taking place November 14-15 in Jersey City,
VIDEO: Cargill-chartered Pyxis Ocean is first ship to sail with WindWings Pyxis Ocean, a 2017-built 80,962 dwt bulker chartered by Cargill, has become the first ship to be fitted with BAR Technologies' WindWings. The vessel, which is owned by Mitsubishi Corporation subsidiary MC
Hapag-Lloyd emerges as potential HMM bidder The emergence of Hapag-Lloyd as a contender for the acquisition of South Korean carrier HMM is not a surprise, given that the company is up for sale and other major lines have made large profits over the past two years. Local media reports say that Hapag-Lloyd requested an Information Memorandum from Samsung Securities and is considering entering the race for HMM with its advisors Goldman Sachs.
NYK buys stake in vehicle terminal operator in Indonesia NYK acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban. NYK said the shares were acquired from Toyota Tsusho Corporation, and registration was completed on 18 August. The port of Patimban is 120 kilometers east of the Jakarta city center and has been under construction in stages since 2018, while the terminal wa
Maersk to use over 500 electric vehicles in India A.P. Moller - Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of electric vehicles (EVs) that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200 electric vehicles have already been deployed across 15 cities, and more than 300 EVs will be deployed in the next two months to anoth
Shandong Port Group unveils expansion plans Shandong province, an economic power in East China, aims to accelerate efforts to build a world-class port cluster within the province. "Currently, a coastal port cluster has formed in Shandong, with Qingdao Port as the leader and Rizhao Port and Yantai Port as the backbone. Weihai Port, Dongying Port, Weifang Port, Binzhou Port, and other ports are developing in a coordinated manner," explains F
Illicit cigarettes uncovered in containers in Hong Kong Hong Kong customs officers have discovered 16.8 million sticks of contraband cigarettes that were concealed among dried tapioca in two 40-foot containers. The boxes were shipped from Cambodia and suspicions were aroused after X-ray inspections suggested that something was hidden in the consignment of 2,200 packages. The Customs and Excise Department does not rule out the possibility that the ciga
RCL enhances South East Asia - West Asia and Middle East service Thai-based container shipping line RCL Group has announced the upgrading of a Far East to West Asia and Middle East (RGA) service. The enhanced RGA service, which is expected to commence on 5 September from the port of Ho Chi Minh, will have extended coverage, including the port of Nhava Sheva in its westbound voyage and Dammam. At the same time, the duration of a full service rotation will exten
APMT Pipavav handles over 200 Port Moves Per Hour on boxship, setting new benchmark APM Terminals Pipavav (GPPL) has marked a new record by successfully achieving over 200 Port Moves Per Hour (PMPH) on a single vessel for the first time in the history of the port operations. On 17 August 2023, the port carried out 880 moves, achieving an impressive PMPH rate of 215.51 on the 4,800 TEU, 2007-built container ship MOL Endowment. Also, this accomplishment encompassed 52.59 Crane Mov
OOCL reports over US$1.1 billion H1 profit OOCL announced a profit attributable to equity holders of US$1.13 billion for the first six months of 2023, significantly lower compared to a profit of US$5.66 billion in the same period last year. Additionally, the company's revenue decreased to US$4.54 billion and earnings before interest and taxes (EBIT) reached US$1.14 billion, both decreased from the corresponding figures in 2022 first half.
ICTSI enhances Victoria International Container Terminal with new equipment International Container Terminal Services, Inc.'s (ICTSI's) facility in the port of Montreal Victoria International Container Terminal (VICT) is expanding its equipment fleet with six new automated stacking cranes (ASC). VICT is the first fully automated container terminal in Australia and the new ASCs will operate on three new yard modules to increase the terminal's yard and reefer capacity by 3
First green bunkering operation completed in East Port Said port The General Authority for the Suez Canal economic Zone announced the success of the first green bunkering operation with "methanol" in Egypt's East Port Said port for a container ship on 17 August. The supply service took nearly six hours. This operation is the first of its kind in Egypt, Africa, and the Middle East, as part of Egypt's strategy to restore its role in ships' bunkering services, ac
Boating Logistics in Chicago: Trends and Innovations in Waterborne Freight Transportation In the bustling port city of Chicago, freight transportation plays a pivotal role in sustaining the city's economic growth and global trade. Boating logistics, also known as maritime shipping, is a vital component of Chicago's shipping industry, moving goods across the Great Lakes and connecting the city to the world. In this article, we delve into the latest trends and innovations shaping waterb
Maersk merges two Arabian services into new single loop Maersk decided to merge its Arabian Star and Arabian Express services into a single, integrated loop, the new Safina service, which will connect the Far East and Middle East regions. According to the Danish ocean carrier, this service will establish direct calls from key locations in the Far East, including Ningbo, Shanghai, and Shekou, directly into Jebel Ali. The rotation of the new service wil
DP World's container terminal in Chennai handles its largest boxship DP World India announced that its container terminal in Chennai has berthed its largest container vessel. More specifically, the 350-metre-long Navios Constellation with a container capacity of 9,954 TEUs docked in the Indian box terminal, marking the milestone. "This highlights our continued commitment towards enabling seamless trade flow," commented DP World India on social media. The post app
Three shipowners take on new absolute zero emissions challenge Three shipowners have accepted to take up the absolute zero emissions challenge posed by the Zero Emissions Ship Technology Association (ZESTA), a global industry body representing technologies and fuel providers who are already committed to absolute zero. The three shipowners, exclusively revealed to Splash, are Hong Kong-based tanker and bulker firm Wah Kwong, Veer Voyage, ...
Peter Döhle makes cape play Germany's Peter Döhle has added to its fleet of dry bulk carriers with the purchase of its largest vessel. The Hamburg-based shipowner and operator is said to have picked up from Idan Ofer-controlled Eastern Pacific Shipping. Multiple brokers are quoting a price tag of around $24.7m for the 2012 Jiangsu Rongsheng-built 175,200 dwt scrubber-fitted ship. ...
NYK and K Line fined for car shipment price fixing in Canada Japanese shipping companies Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) have been fined a total of nearly C$2m ($1.34m) by Ontario Superior Court for their involvement in an international conspiracy that reduced competition for the shipment of vehicles to Canada. The car carrier operators each pleaded guilty to one count of conspiracy ...
Mitsubishi Shipbuilding developing ammonia handling system Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries Group, is developing an ammonia handling system to support the utilization of ammonia as a marine fuel. The new system named the Mitsubishi Ammonia Supply and Safety System (MAmmoSS) could be used to significantly reduce greenhouse gas (GHG) emissions from ships. As part of this development project, ...
Europe urged to catch up as only 2.1 GW of new offshore wind installed in first half Europe installed 2.1 GW of new offshore wind in the first half of 2023, far below the level needed to reach the continent's energy and climate targets, according to WindEurope. Over half of this was in the Netherlands, followed by the UK, Germany and Norway, bringing Europe's total offshore wind capacity to 32 GW. Final ...
Elanora Offshore planning 5GW Australian offshore wind farm An Elanora Offshore-led consortium has stated plans to build a 5GW offshore wind project in Australia. The consortium, led by Elanora Offshore, consists of EnergyAustralia, Respect Energy, Polpo Investments, KIMAenergy, and Boskalis. It said that it already has funding commitments in place for the project. The offshore wind farm, set to be built off the ...
ADNOC Logistics & Services takes Safeen MPSV ADNOC Logistics & Services (ADNOC L&S) has strengthened its offshore fleet with a modern multipurpose support vessel. The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) has snapped up the 2018-built from Safeen Group's offshore division, part of AD Ports Group, for an undisclosed sum. The 86-m-long ship, delivered to Safeen ...
Maran Tankers doubles suezmax order tally at New Times Maran Tankers, a unit of Greece's Angelicoussis Shipping Group, has added to its LNG dual-fuelled suezmax newbuild orderbook in China. The Maria Angelicoussis-led owner of over 50 tankers has firmed up four 155,500 dwt ships at New Times Shipbuilding for delivery between January and May 2027. The move takes Maran Tankers' order at the yard ...
Golden Energy Offshore given six-month PSV extension Norwegian owner Golden Energy Offshore Services (GEOS) has won an extension for the charter of the platform supply vessel (PSV). The initial deal for the 2019-built large PSV was won back in August 2022 with an option to extend the contract. The extension for six months for the platform supplier was agreed for a day ...
Hapag-Lloyd shows interest in HMM takeover Today is deadline day for interested parties to submit bids for HMM, South Korea's flagship carrier. As well as four Korean firms vying for control of the line, formerly known as Hyundai Merchant Marine, one famous foreign company has asked for a sales prospectus. Hamburg-based Hapag-Lloyd has emerged as an interested party to take over ...
China, the world's largest LNG buyer, lays out plans to double import capacity China, which has surpassed Japan as the world's leading LNG importer, has laid out massive plans for further import terminal construction. It was in 2006 that the People's Republic opened its first LNG import terminal, in Guangdong in the south of the country. Today, the country boasts 28 terminals with a total receiving capacity of ...
Belships expands fleet with two ultramax newbuilds Norway's Belships has picked up two more ultramax bulk carriers under construction in Japan lifting its fleet to 36 and the company's newbuilding program to six ships. The 64,000 dwt newbuild pair should deliver in the second half of 2026 and the first half of 2027, the Oslo-listed company said in a filing on MOnday. ...
Avance Gas orders two more LPG/ammonia carriers Norwegian shipowner Avance Gas has exercised an option for two mid-sized LPG/ammonia carriers from CIMC in China. The two newbuildings will be equipped with dual fuel engines capable of running on both LPG as well as compliant fuel oil. The ships will have a cargo capacity of 40,000 cubic meters and are scheduled for delivery ...
Three shipowners commit to absolute zero by 2043 Three shipowners have committed to become absolute zero in terms of emissions by 2043, accepting a challenge posed by the Zero Emissions Ship Technology Association (ZESTA), a global industry body representing technologies and fuel providers who have already taken up that challenge. The three shipowners, exclusively revealed to Splash, are Hong Kong-based tanker and bulker ...
Globus Maritime ships out supramax pair Greek bulker owner Globus Maritime has sold two of its supramaxes for a total of $21.9m. The Nasdaq-listed firm is shipping out the 2009-built Sky Globe and 2010-built Star Globe to undisclosed third-party buyers for $10.7m and $11.2m, respectively, before commissions and expenses. Both 65,900 dwt ships, expected to change hands in September, were bought ...
Nigeria creates standalone maritime ministry Nigeria has established a maritime ministry, aware of the growing need to establish a greater domestic shipping infrastructure. The Marine and Blue Economy Ministry has been carved out as a separate entity to the Transportation Ministry. "We are excited to collaborate with the Hon Ministers to drive a sustainable practices, technological advancements, and strategic partnerships ...
NYK buys into Indonesian car terminal Nippon Yusen Kaisha (NYK) has acquired a 25% stake in Patimban International Car Terminal, a car terminal operator based at the Indonesian port of Patimban to the east of Tanjung Prior. The shares were acquired from Toyota Tsusho Corporation. The port of Patimban is 120 km east of Jakarta and has been under construction in ...
Rajesh Unni steps down as Synergy Marine chief Rajesh Unni will move into the role of executive chairman, where he will be responsible for strategic leadership, governance and...
Performance Shipping doubles down on share buybacks Repurchasing will be 'gradual and opportunistic', according to owner
Static inventory levels thwart hopes for demand recovery There were hopes that shippers destocking inventories built up during the lockdown era would lead to a normalisation of demand...
Ukraine set to launch state-backed war risk cover A new Ukrainian state-backed scheme to provide war risk cover in conjunction with international insurers will essentially be a public-private...
The week in charts: Iran's oil exports remain elevated | Vessels still stranded in Ukraine | Long Beach has slowest July in a decade Black Sea trade bounces back after drone strikes, dark fleet Russia freight profits said to exceed $1bn and minor bulks...
Globus raises cash as it eyes fleet renewal Nasdaq-listed bulker owner parted with first supramax in June
Belships orders further ultramaxes from Japan The 64,000 dwt vessels, which are expected to be delivered in 2026 and 2027, are being leased on 7-10 year...
OOCL 'cautious' on outlook as mid-year profit plunges 80% An unclear economic outlook and the uncertainty attached to fleet capacity growth mean the company faces a challenging backdrop
Russia's ghost ships and the evolution of a grain-smuggling operation The seaborne export of grain from Russia-occupied territories using deceptive shipping practices is becoming more complicated as the operation grows...
Avance Gas adds two more carriers to orderbook John Fredriksen-controlled company declares option for two mid-sized liquefied petroleum gas/ammonia carriers to be built at a Chinese yard
NYK invests in car terminal at Indonesian port of Patimban Expansion of the car terminal is part a boarder government-led project to develop Patimban into an alternative to the country's...
Hapag-Lloyd mulls HMM stake Hapag-Lloyd was instrumental in the most recent wave of box shipping consolidation. Reports suggest it could be seeking another acquisition
Daily Briefing What if Panama Canal droughts are the new normal? | Moritz Schulte investigation uncovers failings on ship and on shore...
Cargill's trailblazing wind sail bulker starts maiden voyage Cargill says each wind sail measuring up to 37.5 metres saves up to 1.5 tonnes of fuel per day, adding...
Strong demand, tight tonnage boost earnings for ro/ro sector Longer term, global vehicle sales are expected to exceed pre-pandemic levels from 2024 onward, while high and heavy volumes are also expected to remain strong.
ODFL, Estes wage billion-dollar bidding war for Yellow LTL terminals Control of Yellow's real estate may determine who gets to expand in the less-than-truckload (LTL) sector, and who must scramble to find property.
CEVA expands India footprint with contract logistics takeover The CMA CGM subsidiary's latest acquisition will significantly increase its presence in South Asia that is growing in importance as supply chain routes shift across the region.
Lack of market clarity undermines positive sentiment: OOCL The Cosco Shipping subsidiary noted that significant uncertainties over economic growth prospects and the huge injection of capacity into major trade lanes made forecasting difficult.
Midsize bulkers propelled by South American grain exports, analysts say Americas grain volumes expected to be higher this harvest season, Stifel's Ben Nolan says
Freightos aims for profitability through efficiency plan New York-listed container booking and payments platform records second-quarter loss
LNG shipping markets spooked as Australian strike threats loom Charter rates shift up amid talk of industrial action and supply concerns for coming winter
Russia's dry cargo trade is booming in the war-torn Black Sea As rumours fly about a Russian grain deal with Turkey and Qatar, Western sanctions do little to curb Moscow's seaborne exports
No regrets as Rajesh Unni takes 'easy' decision on succession planning at Synergy Founder and CEO says letting go of day-to-day control made simpler by strength of team around him
Synergy Marine founder Rajesh Unni hands over reins to next generation after 17 years Chief executive of ship manager wants to provide a path to the top for talented staff
Six seafarers released nearly two months after abduction off Cameroon Crew members from cargo ship Oya 1 now free following kidnapping on 30 June
Nigerian buyers swoop for Spanish suezmax in subdued secondhand market Ibaizabal Group linked to disposal of elderly vessel, with NYK also selling tonnage
'Next question please': stock price concerns surface again on StealthGas call Boss Harry Vafias bats away query about 'destroying stockholder value' in sister company Imperial Petroleum
'We're going to buy': StealthGas' Harry Vafias on the hunt for LPG carriers Greek owner says the small pool of vessels means there is no choice but to purchase when the right one becomes available
Broker Marsh in bid to arrange insurance for new Ukraine grain deal Ships will sail along a safe corridor protected by Ukraine defence systems
'Proper returns': choosy SFL thinking long-term for new investments Boss Ole Hjertaker explains that there is more to its business than just monitoring spot markets
Michele Bottiglieri is selling bulk carriers, but says none were sold to Samudera Indonesia Debt-free Italian shipowner says he is looking to replace his is existing fleet, possibly with smaller bulkers
Russia's dry cargo trade is booming in the war-torn Black Sea As rumours fly about a Russian grain deal with Turkey and Qatar, Western sanctions do little to curb Moscow's seaborne exports
Petros Panagiotidis' Toro pumps $50m into sister outfit Castor Maritime Tanker owning spin-off takes a chunk of preferred stock from bulker company
Avance Gas doubles up on LPG/ammonia carrier order in China John Fredriksen-controlled company taking advantage of attractive price in options
Belships adds two ultramax newbuilds as rates beat market by 77% Norwegian owner now has six new vessels being built in Japan
Globus Maritime raises cash from supramax sales, CIT loan boost US-listed Feidakis company makes moves ahead of ultramax newbuilding deliveries
Racing to emissions cuts: A tech firm with a sporting pedigree has put wind in Cargill's new sails First vessel with BAR Technologies WindWings leaves Chinese yard after retrofit to test WindWings fuel savings
Seventeen berths for Mozambique LNG set to be pushed forward yet again Brokers detail that this is fifth postponement in long-running saga of newbuildings that were first designed five years ago
Maran Tankers orders four more dual-fuelled suezmax tanker newbuildings at New Times Orders were option units that the Greek company held at the Chinese shipyard
China's growing petcoke imports offer boost for smaller bulkers, says Braemar UK shipbroker says China's imports have almost doubled over the past three years
Hapag-Lloyd reportedly interested in buying South Korean rival HMM Liner giant said to have requested a prospectus for the sale
Cold War relic built as Soviet navy tanker hits the recycling beach at Chattogram Ancient Russian product tanker joins handful of bulk carriers and container ships in Bangladesh
Hapag-Lloyd reportedly looking to buy Korean rival HMM The liner giant has collected investment memorandum of the South Korea shipping company
OOCL says challenges remain despite recent positive market sentiment Cosco-controlled liner company says cautious outlook is appropriate, given market challenges and uncertainties
Toei Reefer said to have sold final tanker as GEM also linked to MR sales Japanese reefer specialist linked to disposal of chemical carrier, while Middle Eastern group reportedly shedding more product vessels
Container volumes grow in July for South Carolina Ports July volumes at the Port of Charleston and South Carolina Ports rose 12% from June and 3% year over year.
Container lines paid out billions in boom-time profits via dividends Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Wait for airfreight recovery could extend deep into 2024 The air cargo sector was banking on a turnaround in market conditions by this fall, but it might have to wait until late next year unless demand unexpectedly revives.
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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