Boeing delivers Navy's first Orca XLUUV The Navy's plans for unmanned vessels include uncrewed undersea as well as uncrewed surface vessels and Boeing [NYSE: BA] has now delivered the first Orca Extra Large Uncrewed Undersea Vehicle (XLUUV) to
Gulf of Mexico O&G sale: High bids and big questions Yesterday's Gulf of Mexico Oil and Gas Lease Sale 261 generated $382,168,507 in high bids for 311 tracts covering 1.7 million acres in federal waters of the Gulf of Mexico. A total
Carnival reports all time high full year revenues Cruising has come a long way since the dark days of the COVID shut-down when much loved veteran cruise ships were being beached for scrapping. Evidence of the industry bounce back came
CMA CGM announces new Panama Canal surcharges French container shipping company CMA CGM has announced new Panama Canal surcharges for several routes worldwide. In particular, CMA CGM will implement a surcharge of US$150 per TEU for all types of cargo from the US West Coast ports of Los Angeles, Long Beach and Oakland to North Europe, Scandinavia, Poland and Baltic, effective from 12 January. Additionally, the ocean carrier will introduce the
NYK to install air compression systems on LNG-fuelled car carriers NYK is set to implement a cutting-edge Variable Compression Ratio (VCR) system in the construction of LNG-fuelled car carriers by Shin Kurushima Dockyard, with the first vessel anticipated for delivery in 2026. The VCR system has the capability to dynamically adjust the air compression ratio within the engine combustion chamber, ensuring an optimal balance tailored to engine power and the specifi
New container train service between Latvia and Poland launches operations Starting from early December, a new container train has been put into operation, linking Latvia's Rigas universalais terminalis (RUT) and Poland's Baltic Container Terminal (BCT) within the Freeport of Riga. This initiative provided by Baltijas Ekspresis, the largest private rail freight carrier in the Baltics, marks a significant improvement in the efficiency and safety of container delivery to
CMA CGM starts new service from Morocco to North America French ocean carrier CMA CGM will launch a new seasonal service dedicated to exports of fruits and vegetables from Morocco to North America. The new NAMEX service will have the following port rotation: Tanger Med (Morocco) - Halifax (Canada) - New York (US) - Philadelphia (US) - Norfolk (US) - Savannah (US) - Charleston (US) - Tanger Med CMA CGM's NAMEX service map The 15,128 TEU container vessel
Port of Antwerp-Bruges to upgrade Malaysian port Lumut Port of Antwerp-Bruges International (PoABI) and Perbadanan Kemajuan Negeri Perak (PKNP), a Malaysia state development agency, have formed a strategic partnership to develop the port of Lumut in Perak state, Malaysia. The European Commission has awarded a €1.9 million (US$2.1 million) grant for feasibility studies, recognising the port's potential as a logistics and industrial hub. For PoABI, a s
Wilhelmsen and MPC Capital acquire ship manager Zeaborn Wilhelmsen Ship Management, a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100% of Zeaborn Ship Management, which manages a fleet of around 100 vessels, comprising container ships, bulkers, tankers and multi-purpose vessels. The acquisition is the "next milestone" in the partnership between Wilhelms
Gebrüder Weiss opens new office in Australia Gebrüder Weiss is expanding its network in Australia with the opening of a new Air & Sea office in Brisbane. This is now the third location operated by the international logistics company in Australia, following on from Sydney and Melbourne. The most important transshipment hub in Brisbane is the container port, which plays an important role in international trade with a record throughput of 1.56
Concor and DB Schenker forge logistics partnership for the Indian market Container Corporation of India (Concor) and Schenker India (DB Schenker) signed a Memorandum of Understanding in New Delhi, India to collaborate on export, import and domestic sectors. "CONCOR and DB Schenker are leaders in their respective fields, and the two organisations are joining hands to provide a bouquet of end-to-end services seamlessly for customers which would also help in further impr
Damietta Alliance Container Terminal signs final financing contract The Damietta Alliance Container Terminal (DACT) has signed the final financing contract for its box terminal in Damietta, Egypt. The financing consortium comprises international development banks including European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), DEG and Proparco. The joint venture, Damietta Alli
Oakland sees declined box traffic in November The Port of Oakland reported a 6.8% drop in its container volumes in November, handling 132,648 TEUs. Full imports rose 3.8% year-on-year, with 71,258 TEUs passing through Oakland port facilities this November. On the other hand, full exports declined by 3% to 61,390 TEUs. At the same time, empty imports experienced a drop of 0.6%, with 14,118 TEUs, while empty exports experienced a significant 4
ZIM ships banned from Malaysia as Gaza war drags on All of ZIM Line's ships will be barred from calling at Malaysian ports effective from 20 December, as the Muslim country announced a blanket ban on all Israel-flagged vessels. Alluding to the Gaza war, Malaysia's Prime Minister Anwar Ibrahim, who is also the finance minister, said, "These restrictions are a response to Israel's actions that ignore basic humanitarian principles and violate interna
Red Sea detours will prolong transit times by 30% If all container shipping routes along the Red Sea take detours round the Cape of Good Hope, transit times could jump by 30%, according to consultancy Linerlytica's report. Taiwan's three main liner operators Evergreen Marine Corporation, Yang Ming Marine Transport and Wan Hai Lines, issued customer advisories on 18 December, saying that they are joining their peers in suspending shipments to Isr
Maersk commences new weekly service to Port of Tunis Rades Maersk introduces an innovative transport solution connecting the growing Tunisian market to its mainliner services spanning Europe, the Middle East, and Asia. This recently launched weekly service operates with a dedicated ro-ro vessel, linking the Port of Rades in Tunisia to the hub port of Cagliari in Italy. Notably, the service strengthens the connection between Morocco and Tunisia, with the
What to Do If You're Injured in a Truck Accident in Another State There are always risks on the road when you are driving. Even if you are driving safely and obeying traffic laws, accidents can happen. You can't control the weather, road conditions, and the actions or neglect of other drivers. These factors, along with mechanical failure and other issues with your own vehicle, can cause accidents. Even minor crashes and incidents can cause damage and injuries.
Techniques for Implementing Knowledge Management Strategies In today's business climate, knowledge is power. But harnessing that power within an organization can sometimes be easier said than done. That's where ' Knowledge Management Strategies' come into play. Below, we will discuss the importance, development, and implementation of these strategies, as well as how to overcome common challenges that can arise during the process. The Concept of Knowledge
CSL reveals order for world's first fully electric battery-capable self-unloading bulker Canadian owner CSL has partnered up with Adelaide Brighton Cement (Adbri) to build and operate the world's first fully electric battery-capable self-unloading bulk carrier. The 11,000 dwt ship is expected for delivery from an unnamed shipyard in early 2026. Under a 20-year strategic partnership, the custom-designed ship will replace Adbri's Accolade II and will support ...
US slaps sanctions on Sovcomflot manager and traders of Russian oil for price cap breaches The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued new sanctions on Sovcomflot shipmanager and several oil traders for helping Russia evade a cap on its oil price. Sanctions were placed on Sun Ship Management, a Dubai-based subsidiary of Sovcomflot, Russia's state-backed shipping company. The company, listed on the fleet ...
Prysmian splashes $385m on two cable layers Milan-based cabling giant Prysmian is expanding its fleet of installation vessels with two units worth around €350m ($385m). The first cable layer will be built by Fincantieri-controlled Norwegian shipbuilder Vard and enter service by the beginning of 2027. It will be an evolution of the Monna Lisa class vessel, with a length of about 185 ...
Fugro to bolster geotechnical capacity with conversion of newly acquired PSVs Dutch surveyor Fugro has picked up two platform supply vessels for conversion into geotechnical assets. The Sea Goldcrest and Sea Gull delivered in 2019 and 2020, respectively, from Fujian Mawei shipyard in China to Jon Fredriksen's Seatankers and managed by Remoy Shipping in Norway have been acquired for an undisclosed price. The acquisition is in ...
Northern Ocean rig gets more work with TotalEnergies John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, has secured more work in West Africa for its 2018-built rig Deepsea Mira. The French energy major TotalEnergies has exercised the first option under the semi's contract extending its utilisation by 180 days and into the fourth quarter of 2024. The extension provides between ...
Noble wins Petrobras semisub contract off Columbia New York and Copenhagen-listed drilling rig owner Noble has secured a contract with Petrobras for the semisub Noble Discoverer offshore Colombia. The 2009-built rig has been fixed for 400 days from the second quarter of 2024. The deal comes with options to extend the fixture by 390 days. "We are thrilled to announce that we ...
Wilhelmsen and MPC Capital acquire Zeaborn Ship Management Wilhelmsen Ship Management and MPC Capital have agreed to acquire 100 % of the company Zeaborn Ship Management. The acquisition is the next milestone in the partnership between Wilhelmsen and MPC Capital and their shipmanagement joint venture Wilhelmse
Wilhelmsen and MPC Capital acquire Zeaborn Ship Management Brand name to disappear after deal goes through for undisclosed sum
Shipping's protectors face 'exquisite dilemma' in the Red Sea US attacks on Houthi positions would worsen the shipping crisis without hurting the Yemeni rebels much, a researcher says
Red Sea security in limbo as shipping awaits detail of naval operations Despite the public relations hype, the naval protection force put together under the name Operation Prosperity Guardian lacks detail and...
Greek shipowners' storm aid channelled to restore schools Memorandum signed with government is first tranche of €50m collected from shipowner donations
'Little clear guidance' on lawful deviation from Red Sea rerouting, lawyers warn Ports are not deemed safe unless a vessel can reach, use and leave them without exposure to danger that cannot...
Top 10 Lloyd's List podcasts: 2023 The road to zero-carbon shipping, geopolitical risk, supply chain resilience, the impact of sanctions on Russia and the rise of...
Dozen more Cosco megaships skip Suez as carriers add Red Sea surcharges MSC and CMA CGM are imposing surcharges for vessels circumventing via the Cape of Good Hope, reflecting potential magnitude of...
Boxship charter market defies usual December lull Charter rates for smaller tonnage remain under pressure, although levels for ships of above 3,500 teu are stable
Ex-SIPG president expelled from CCP over corruption charges Alleged wrongdoings include enabling relatives to use his position and influence for personal gain through corrupt practices; improperly intervening in...
Zodiac in nuclear vessel research project with KSOE and LR The group said nuclear propulsion has the potential to help shipping decarbonise because it emits no carbon
Seacon expands fleet via newbuild quartet leaseback Seacon will bareboat charter the fresh tonnage for up to 15 years after delivery, which is set for between August...
Daily Briefing Europe-Asia boxships in Red Sea start returning to Suez Canal | New EU sanctions will increase burden for shipping, but...
Trans-Pacific spot rates explode amid accelerating Red Sea carrier diversions While shippers adapt to the complicated market environment in the short term, they are also casting a wary eye on annual service contract negotiations with carriers that will heat up early next year.
CPKC implements embargo on Mexico-bound empty containers in Laredo With CPKC competitors BNSF and UP unable to send or receive cargo because of the border closures at El Paso and Eagle Pass, they might be tempted to send containers through CPKC's still-opened Laredo crossing.
Port NOLA gets federal funds to launch construction of mega-terminal The proposed 2-million-TEU container terminal would be situated downriver from New Orleans where ships won't face the air-draft restrictions of the Crescent City Connection bridge that spans the Mississippi River.
Container lines unleash surcharges linked to Red Sea diversions as spot rates jump The anticipated costs to shippers of the Red Sea crisis are becoming clearer, with spot rates up sharply and rate hikes and surcharges announced by ocean carriers.
Yellow sells 23 leased terminals to big LTL carriers for $82.9 million Six large US LTL carriers, led by Saia and Estes, acquired a small portion of Yellow's remaining facilities at auction this week, keeping the lion's share of properties sold to date out of the hands of developers.
Container lines unleash surcharges linked to Red Sea diversions The anticipated costs to shippers of the Red Sea crisis are becoming clearer, with rate hikes and surcharges announced by ocean carriers.
K Line ultramax to be built with Japanese green steel Japanese steel maker JFES to supply green steel under the mass balance method
Bimco: Shipping on track to reach IMO 5% clean fuel target by 2030 The ships will be ready, but questions remain on fuel availability
MSC leads ocean carriers seeking to claw back cost of rerouting ships Shippers slammed with more surcharges as more than 200 vessels are paused or diverted away from Suez
BIMCO: shipping on track to reach IMO 5% clean fuel target by 2030 The ships will be ready, but questions remain on fuel availability
MSC leads ocean carriers seeking to claw back cost of re-routing ships Shippers slammed with more surcharges as more than 200 vessels are paused or diverted away from Suez
UK detained Hoegh car carrier for three days over failed PSC inspection Inspectors find issue with ISM as well as maintenance of survival craft onboard Norwegian-flagged vessel
Russia's Arctic LNG 2 project fires up but with export challenges ahead Force majeure notices, missing ships and international sanctions spell start-up headaches for Novatek
UK Coast Guard takes manager Intrada to court over fatal Karin Hoj collision Scotline management company also faces legal action by families of seafarers who lost their lives
Singapore owner Kim Heng sacks manager suspected of corruption Offshore vessel company says probe uncovered inflated transactions and misappropriation of assets
Tanker owners in 'wait and see' mode as EU bolsters naval taskforce Owners demand higher rates on Middle East Gulf to Mediterranean route after Houthi attacks
Tufton founder Ted Kalborg splashes cash on Stainless Tankers shares Chairman of newly-listed tanker company spends $238,000 on stock
Gram Car Carriers tells charterers to stay out of Red Sea in latest defection All three major Norwegian car carrier owners are opting for the Cape of Good Hope
Vitol consolidates tanker and gas fleets in Singapore under Kit Kernon Trader's vessel activities will unite under new Vitol International Shipping banner
Zeaborn Ship Management sold to Wilhelmsen and MPC Capital Acquisition marks further consolidation in German ship management sector
Five Sovcomflot tankers 'fail to reach India' with Russian crude oil Bloomberg speculates that price-cap sanctions may be having an affect
Ikea warns of delays as shippers grapple with Red Sea diversions Furniture giant warns that products will be late into shops as it seeks other options
Broker Braemar's bosses cash in shares after latest bonus and options awards London-listed shop's top team offloaded around 480,000 shares
LNG carrier rates head down, but will Suez swerve reverse falls? Jury is out on how market for this sector will end year and develop in first quarter of 2024
Eight seafarers missing after cargo ship reported lost off Indonesia The Vision Global is said to have sunk south of Panjang Island
Shipping braces for long haul as Red Sea crisis escalates Shipping companies are unwilling to return to the region until it is safe
TradeWinds Person of Year: Kitack Lim who lead the world to decarbonisation deal Blockbuster deals drove markets in the last 12 months, but the landmark decarbonisation agreement will be the year's legacy
Greece joins US-led anti-Houthi naval coalition in the Red Sea World's biggest owner of oceangoing ships is sending a frigate off Yemen
International Seaways eyes investment and debt payments with $100m shelf filing US tanker owner signs at-the-market deal with Evercore and Jefferies
EastMed inks first bulker orders in a decade Greek player orders ultramax series from Chinese shipyard
Drug-sniffing dog finds €21m of cocaine on Navibulgar bulker Customs officers seize 300kg of drugs on handysize that docked in Ireland
Tsuneishi Shipbuilding to draw up plans for new yard in East Timor The privately-owned Japanese shipbuilder has been in close talks with the country's government
Stolt expects to see 5-7% fuel savings from hull coatings trial Norwegian shipowner said it expects sustainable coating to last for up to 10 years
What is a ship? A Singapore court ruling sets threshold definition If it looks like a ship and moves like a ship, is it a ship? Yes, says High Court judge
Mexican seaport adds new charge on container shipments Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
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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