Wiernicki: LNG is "a fuel in transition" ABS chairman, president and CEO Christopher J. Wiernicki made it clear that LNG will be a key fuel in the energy transition in a keynote speech at the 6th Liquefied Gas and
U.K. to convert offshore construction vessel to subsea protection ship As last year's incident involving the Nordstream pipeline in the Baltic underscores, subsea infrastructure can be extremely susceptible to sabotage. The U.K. is taking the problem sufficiently seriously that last November it
MARAD's Daniel Ladd to talk construction funding at TTB 2023 On March 7-8 in Mobile, Ala., Tugs, Towboats & Barges (TTB) 2023 will once again bring together owners, operators, naval architects, shipbuilders and more to discuss advances in technology and design, as
South Carolina Ports sets new annual box record South Carolina Ports (SC Ports) set a new container record in 2022 by handling the largest number of boxes ever at the Port of Charleston. In 2022, SC Ports handled almost 2.8 million TEUs, translating to a 1.5% increase over 2021, and carried more than 1.5 million pier containers, representing a 1% growth over 2021. Furthermore, in the previous year, SC Ports transported 199,343 automobiles thro
Port of Halifax exceeds 600,000 TEUs in record year The Port of Halifax has crossed the 600,000 TEU annual container throughput threshold in 2022 for the first time in history. In particular, 601,700 TEUs have been moved through PSA Halifax Atlantic Hub and PSA Halifax Fairview Cove, the two box terminals of the Canadian port. "In 2022, PSA Halifax, CN and the Halifax Port Authority worked together in a collaborative, meaningful way, and the incre
Port of Los Angeles nears 10 million TEUs in 2022 Port of Los Angeles (POLA) handled 9.9 million TEUs in 2022 in its second-best annual performance, just like its twin port of Long Beach . Los Angeles was for the 23rd consecutive year the busiest container port in the United States, leaving the other port giant in San Pedro Bay, the port of Long Beach, in second place. Long Beach achieves second-busiest year in history At his annual State of the
AD Ports enters into strategic agreements for further growth in Africa The Republic of Angola's Ministry of Transport and AD Ports Group signed a framework agreement on 19 January aiming to start working together on the development of maritime services and infrastructure throughout Angola. In order to improve marine connection along Africa's west coast, AD Ports Group has continued its consistent policy of international growth by striking strategic partnerships. "Th
Forth Ports to install digital berth planning tool at London Container Terminal Forth Ports, a port owner of the port of Tilbury in the United Kingdom, has decided to use Portchain Quay as Port of Tilbury's London Container Terminal-wide berth planning tool, including intelligent projections. The installation of Portchain Quay is expected to be a significant step in the London Container Terminal's digitisation journey, as various critical planning procedures will be digitise
Wan Hai Lines reportedly paid fewer bonuses Wan Hai Lines' staff reportedly received their bonuses at midnight today, in line with the Taiwanese liner operator's practice of paying bonuses just before the Chinese New Year. The Chinese New Year starts on 22 January but Taiwan begins its week-long holidays today. Staff received an average of nine months of salaries, slightly below the 10 months paid out last year. Taiwanese media reports sta
NWSA's container volumes shrank last year Box volumes at the Northwest Seaport Alliance (NWSA), a marine cargo operating partnership comprising the ports of Seattle and Tacoma in the United States, fell 9.4% in 2022. NWSA handled 3,384,018 TEUs last year, with full imports and exports down 14.1% and 19.7%, respectively. The alliance said that "imports were impacted by high inventories, and exports were impacted by the strong dollar, ongo
Saudi ports see over 955,000 TEUs in December 2022 Saudi ports closed December with a run of exceptional outcomes across numerous metrics, the most notable of which was a 13.63% year-on-year increase in container throughput from 841,055 TEUs in December 2021 to 955,731 TEUs in the same month last year. Statistics show an increase in all container categories, with a 7.15% rise in exports reaching 214,789 TEUs and a 24.41% growth in imports climbin
How Are ELDs Changing The Trucking Industry? In recent years, the trucking industry has increasingly relied on electronic logging devices (ELDs). These devices are used to track and record a driver's hours of service and other important information, and they have become an integral part of the industry's operations. Benefits Of ELDs These logging devices , which are required to be installed in most commercial vehicles, are used to track and
How to Ensure a Smooth Road Freight Delivery: Tips and Tricks Are you planning to send goods via road freight delivery? Whether you're a first-time shipper looking for an easy way to get your items from one destination to another or a veteran road freight user trying to streamline your processes, some certain tricks and tips can ensure your journey is as smooth and effortless as possible. This article will look at how you can ensure everything goes accordin
Long Beach achieves second-busiest year in history The Port of Long Beach (POLB) has achieved its second-busiest year on record in 2022, moving 9.13 million TEUs, a 2.7% decrease from 2021, which was the port's busiest year in its 112-year history. In particular, imports fell 4.9% year-on-year to 4,358,789 TEUs, while exports fell 1.6% to 1,414,882 TEUs. "In 2023, we will continue to invest in digital and physical infrastructure projects, focus o
MSC to appeal court decision about MCS Industries case MSC Mediterranean Shipping Company has expressed its disappointment with the initial decision of the Federal Maritime Commission Administrative Law Judge Wirth on 13 January 2023 about the MCS Industries case. MSC said it has sought diligently to persuade the FMC to invoke the procedures required to fully comply with both US and Swiss law when producing documents and pointed out that "the decisio
Around three tons of cocaine seized from cargo ship, all crews arrested Around three tons of cocaine were found in the 2005-built general cargo ship Blume on 18 January off the western Sahara, while all the crew members of the vessel have been arrested. The Togo-flagged ship was taken to Santa Cruz de Tenerife in Spain on suspicion of drug trafficking, according to Maritime Bulletin's report. Blume left the port of Santos in Brazil on 21 December and was sailing to t
Eitzen takes over Høglund Marine Solutions Norwegian shipping and investment group Eitzen is taking over compatriot Høglund Marine Solutions, a provider of sustainable automation services and LNG fuel gas systems. The Oslo-based family-owned firm led by Axel C. Eitzen, which among other things owns the Copenhagen-based chemical tanker player Christiania Shipping, has become a majority shareholder in Høglund through a share ...
Saipem wins $900m in offshore contracts Italian energy services player Saipem has been awarded two offshore contracts worth a total of around $900m. The first contract, in partnership with Aker Solutions, has been awarded by Total Energies, for the Lapa Southwest development project, a deepwater oil field in the Santos Basin, 270 km off the coast of São Paulo, in Brazil. ...
Shipmanagers actively seeking further consolidation opportunities With the merger news between OSM Maritime and Thome being among the biggest shipping news stories of the year to date, attention is turning to where consolidation will take place next in the shipmanagement sector. Yesterday Splash broke news of the creation of OSM Thome, a shipmanagement giant with around 1,000 ships on its books ...
2020 Bulkers locks in pair on index-linked contracts Norway's 2020 Bulkers has struck new time charter deals with an unnamed European charterer for a pair of its newcastlemax bulk carriers. The Oslo-listed owner's 2020-built Bulk Santos and Bulk Sao Paulo have been fixed up until April 1, 2025, to June 31, 2025. The charters will start immediately on redelivery from their current employment ...
Shipmanagement software vendors targeted by hackers Shipmanagement software vendors have been warned to be on their guard with experts suggesting this maritime niche is becoming the focus of hackers. With Voyager Worldwide and DNV's ShipManager software both hit by cyber attacks in the past couple of months, and other cyber incidents happening but going unreported, there is strong speculation that hackers ...
Borr Drilling picks up Latin America deal Tor Olav Trøim's Borr Drilling has received a letter of award from an undisclosed customer for the 2013-built jackup to carry out work in Latin America. The award will cover two wells with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case. The campaign will ...
MSC to appeal case with American furniture maker Mediterranean Shipping Co (MSC) has decided to appeal a court decision in the US to fine it close to $1m in a long-running battle with an American furniture maker. Splash reported yesterday on judge Erin Wirth's decision to fine MSC $944,655 over an alleged failure to meet contractual obligations during container shipping's boom years. The judge ...
AD Ports to develop Angolan maritime infrastructure Fast expanding AD Ports Group has entered into a framework agreement with Angola's Ministry of Transport to begin collaboration on the development of maritime services and infrastructure across the country. The Abu Dhabi group has also entered into a head of terms agreement to form a joint venture with state-owned logistics and transportation company UNICARGAS, ...
Port of Rotterdam adopts integrated planning for inland container shipping The Port of Rotterdam has signed on to use integrated planning after a pilot project that resulted in faster handling of inland vessels. Nextlogic matches supply and demand for inland container shipping handling. Barge operators enter their rotation, calls and cargo information in Nextlogic in advance for each inland vessel. Container terminals and empties depots ...
Daily Briefing There's a bad smell around the bunker sector. And it isn't just the product | Shipping banks on China for...
The Lloyd's List Podcast: Where have all the pirates gone? Piracy attacks are at a 30-year low according to the latest figures, but have the pirates really hung up their...
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There's a bad smell around the bunker sector. And it isn't just the product A decade after OW Bunker's demise, bunker providers must prove the industry can police itself. If it cannot do so...
Höegh Autoliners planning for ammonia fuel operations from 2026 Ammonia as a fuel 'is moving rapidly forward on both the supply side and the engine side,' says chief executive
IMO report finds indifference and ignorance about fake flags and fraudulent shipping practices Only 14% of member states, recognised organisations, marine insurers and class responded to a questionnaire about unlawful practices associated with...
Bulker queue builds off coal hubs in Australia About 55 bulkers are waiting to enter the ports, adding to congestion in the area, though little impact on freight...
Pacific Basin financial chief Peter Schulz resigns Chief executive Martin Fruergaard will assume the duties of finance chief until a replacement is found
Liverpool wins top ranking for port-centric logistics Disruptions and shortages were a hallmark of the pandemic. With global trade patterns potentially changing, new opportunities are emerging
US green blueprint 'a great start' but leaves much to be desired Maritime section of the blueprint seems much less thought through than other transportation sectors, chief of North American decarbonisation group...
Sanctioned Russian ship departs Indian waters after failing to unload cargo Vessel unable to unload cargo for the Rooppur nuclear power plant in Bangladesh due to US sanctions
Shipping banks on China for better Year of the Rabbit Stock investors are looking at piling into the dry bulk sector. In addition to an attractive picture of tonnage supply..
China's shipping sector banks on market bounce in Year of the Rabbit Stock investors are looking at piling into the dry bulk sector. In addition to an attractive picture of tonnage supply...
US west coast container volumes declined last year Los Angeles and Long Beach bore the brunt of the pandemic-driven surge in cargo volumes. But as demand eases, container...
China shipbuilding association flags labour shortage amid economic challenges Shipyards need to overcome a series of challenges as they prepare themselves for a considerable increase in newbuilding deliveries this year
Shipowner and operator fined $2m in US for illegal discharges Related companies Empire Bulkers and Joanna Maritime sentenced for breaches of the Act to Prevent Pollution from Ships and the...
Pacific Basin financial chief Peter Schultz resigns Chief executive Martin Fruergaard will assume the duties of finance chief until a replacement is found
Big Flexport layoffs offer potential clue to its future identity Scrutiny over Flexport's job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.
Waning demand, service issues to weigh on international intermodal volumes If inland rail ramps remain congested due to chassis shortages and discretionary imports continue to flow away from the West Coast to the East Coast, international intermodal volumes could decline for a second straight year.
Ocean shippers may 'pay up' for secure capacity despite weak market Even as weak economic conditions prevail during the annual service contract negotiating cycle, it does not automatically mean shippers will be driving the hardest possible bargains with newly vulnerable carriers.
India-US trade adds new capacity with Cosco-OOCL service to East Coast The AWES service itinerary is yet another example of liners' increasing network consolidation at Mundra for the Indian leg, a single-port call strategy that, arguably, helps them save on marine dues.
Rotterdam rolls out delay-busting barge planning tool The digital sharing of schedule information via Rotterdam's Nextlogic platform addresses the complexity involved in terminals booking and handling 18,000 container barges a year.
Lack of data leaves shippers reliant on 3PLs to reduce Scope 3 emissions Pressure on shippers to take a more active role in bringing down so-called Scope 3 emissions covering the activities of a company's third-party vendors - including transportation - has increased in recent years.
Crude tanker spot market closes out tepid week with suezmax declines and flat VLCCs Suezmaxes lose recent gains while VLCC gains were cancelled out by declining rates out of the US Gulf
Green Seas podcast: Biofuels prove an easy but expensive carbon-cutting solution for shipping Cargill looks to scale to tackle economics as biofuels as it considers the trialling phase over
MSC Cruises in talks with Port of Galveston to build $110m cruise terminal Both sides are discussing how to fund the project, which is slated to begin next year
Falling capesize rates near operating expense levels as China celebrates Lunar New Year Some of ships are losing money, however, as smaller bulker sizes continue to profit, according to Baltic Exchange data
Volatility predicted for product tanker market as Russian product embargo looms Spot rates have not improved ahead of the embargo, with plenty of Russian imports and high inventories pushing a rally back
Dig for victory: why excavator sales in China may signal capesize rally Research suggests China's economy is set for short-term challenges, but its construction industry is positioning itself for growth
Trafigura to import crude into Italy after Russia's Lukoil sells ISAB refinery Trader teams up with Cypriot private equity fund to replace Russian barrels at Sicilian plant
IMO's carbon tool too 'simplistic', say London Greek shipowners Committee says that London is not doing enough to promote itself as a maritime centre at New Year event in the capital
Record-breakers: 'Simply not enough' AHTS ships in North Sea, Fearnleys says Norwegian broker predicts tight market in offshore sector this year
CMA CGM-backed Neoline finalises order for first $65m-plus wind-powered ro-ro RMK Marine of Turkey to build innovative vessel that has been 11 years in the planning
Cash-rich Maersk wants new metro station built beside its headquarters Danish group argues that the 750-metre walk to the nearest stop is too far
Ice-breaking LNG carrier makes round trip voyage to China in harsh conditions Russia continues to push boundaries on Northern Sea Route with an eastbound winter cargo
Editor's selection: Thome-OSM tie the knot, HSBC retreats from shipping and Euronav seeks to save Frontline tie-up A look at some of TradeWinds' biggest and most intriguing stories of the week
Last orders? Final Russian tanker shipment to Europe may already have taken place Traders argue there is now little time to complete delivery and payment of Russian products before ban on 5 February
HSBC's Greek retreat leaves market guessing on future path Greek rivals pick up the business that the banking giant leaves behind - probably for environmental reasons
Blue Visby architect predicts a 'year of reckoning' for 'Sail fast then wait' With 'no magic solutions' to decarbonisation, the spotlight will be on pragmatic approaches such as those being developed by the Blue Visby project
P&O Maritime takes big profit by selling subsea ship to UK government Modern vessel Topaz Tangaroa to be used for infrastructure by Ministry of Defence
Cambiaso Risso buys German insurance broker Trident Italian marine insurer continues to diversify into new areas and geographies
Weather delays hit $70m Gibraltar wreck removal Gibraltar government says project is still on schedule to meet its May deadline
Germany's third FSRU arrives at new Brunsbuttel Elbehafen LNG terminal First commercial cargo said to be incoming from Abu Dhabi
Shipping steams ahead on fairy dust from the Magic Mountain The industry continues to thrive as world leaders gathered in Davos to seek cooperation in a fragmented world
Empire Bulkers fined over 'knowing and wilful' pollution violations in US Department of Justice says Greek group will pay $2m for tampering with pollution prevention equipment on handysize
Fednav recruits Frank Mortensen to lead on strategy The former chief executive of MBBC will be based in Geneva
Hoegh and MAN to go straight to ammonia on four newbuildings Ammonia engines will be ready for delivery sooner than expected
OSM Maritime finds 'perfect match' in Singapore's Thome, says CEO Norbye Similar Norwegian heritage will help smooth integration as it looks to size for advantage over competitors
White House touts easing of supply chain pressures White House economic adviser Brian Deese points to supply chain improvements while new pressures loom overseas.
East Coast container imports still far above pre-pandemic levels American imports remain a tale of two coasts, with continued strength in container volumes headed to Atlantic ports.
Terminal49 secures $6.5M to help pave 'journey to automate global trade' "Terminal49's automation has saved us thousands of dollars a year, but more importantly it's helped improve customer trust," said Trade XCelerators' Spencer Strader.
United Airlines' cargo revenue exceeds $2B despite weak peak season United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.
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