VIDEO: First of three RCRV research vessels launched Oregon State University has released video showing last Thursday's launch of the R/V Taani, the first of three new oceanographic research vessels being build under the Regional Class Research Vessel (RCRV) project,
Agalas orders advanced offshore cable layer A 99-meter cable installation vessel on order for first quarter 2025 delivery from Sefine Shipyard in Turkey will have a number of advanced features. The vessel will be owned by Harstad, Norway,
Corsica Ferries will use Wärtsilä decarbonization modeling to assess strategies Wärtsilä will carry out decarbonization modeling on two vessels in the Corsica Ferries fleet. The study will create a digital model of the two ships to simulate the effect of various decarboni
TT Club joins Maritime Anti-Corruption Network TT Club, an independent provider of mutual insurance and risk management services to the international transportation and logistics industry, will collaborate with Maritime Anti-Corruption Network (MACN), a global business network, to implement its Anti-Corruption Principles by raising awareness of corruption issues and promoting best practices. TT Club is expected to assist MACN in promoting its
JAXPORT partners help development of LNG as clean marine fuel The Jacksonville Port Authority (JAXPORT) has assisted in the transportation of hundreds of specialised liquefied natural gas (LNG) storage tanks through the port's Blount Island Marine Terminal. Half of the tanks will be utilised to temporarily enhance storage at Eagle LNG Partners LLC's Jacksonville LNG bunker plant at the Talleyrand Marine Terminal, while the other half will be used to export
Maritime UK appoints new CEO Chris Shirling-Rooke MBE has been chosen as the next chief executive officer (CEO) of Maritime UK, the umbrella body for the maritime sector in the United Kingdom. In the early summer, he will move from Mersey Maritime, the regional cluster organisation for the maritime industry and wider supply chain in the Liverpool City Region and the greater North West, to Maritime UK. Chris Shirling-Rooke is
Wan Hai opens new office in India Wan Hai Lines established a non-port office in India for the first time in response to the domestic demand in the country's inland, aiming to expand into the Indian market. The Taiwanese ocean carrier has now five owned offices in the country, including facilities in Mumbai, Chennai, Mundra, Vizag, and the new office in Delhi. According to the Indian Ministry of Commerce and Industry's 2023 Forei
DP World commences direct service between UAE and Iraq DP World has announced the start of a direct freight service between the United Arab Emirates (UAE) and Iraq, running under the name of P&O Maritime Transports, a DP World company. DP World pointed out that the service caters to what the industry calls "unaccompanied trailers", meaning trailers that can be transported by sea without the driver and truck cab travelling alongside them. Instead, the
CMA CGM revises PSS from Indian Subcontinent, Middle East, Red Sea & Egypt to USEC & US Gulf French ocean carrier CMA CGM has announced the revision of a peak season surcharge (PSS) from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the United States East Coast and US Gulf. The Marseille-based container line said the new surcharge will be effective from 17 June (loading date) until further notice. CMA CGM noted that the updated PSS will be US$800 per TEU, US$1,000 per F
Box lines' GRI attempt fails thrice Hopes of a rebound in freight levels continue to wane as mainline operators fail to implement general rate increases (GRIs) for 1 June, marking their third straight unsuccessful attempt following two flops this month. The Shanghai Containerized Freight Index (SCFI) has lost 6% in the past month, erasing gains made in April. Mainline operators have continued to add capacity to the Asia-Europe lane
Hannibal's new intra-Italian service launched in April Hannibal commenced a new intra-Italian railway service connecting the HHLA PLT terminal in Trieste to the Contship Italia Group's Rail Hub Milano Melzo on 18 April. This new train service will operate as an open rail system for semi-trailers, marine containers, and other equipment. Initially, the intermodal link will run three times per week, with plans to extend to daily connections by the end o
WSC report: Reduction in containers lost at sea in 2022 In 2022, 661 containers were lost overboard, according to the annual report of World Shipping Council (WSC). This number represents less than one-thousandth of 1% (0.00026%) of the 250 million containers currently shipped each year, with cargo transported valued at more than US$7 trillion. "The reduction in containers lost at sea in 2022 is positive news, but there is no time for complacency. Eve
MSC adds Jeddah to Asia-Med string as network realignment continues Mediterranean Shipping Co. (MSC) has announced a new port of call at Jeddah, Saudi Arabia, for its Dragon Service between Asia and the Mediterranean. The Dragon Service was introduced in February this year, with stops at Shanghai, Ningbo, Yantian, Singapore, Ashdod, Naples, La Spezia, Genoa, Fos sur Mer, Gioia Tauro, King Abdullah, Singapore and Shanghai. The weekly string deploys 12 vessels of 1
ICTSI's Basra Gateway reaches four million TEU milestone ICTSI-operated Basra Gateway Terminal (BGT) at the Port of Umm Qasr in Iraq has handled four million TEUs after nine years of operation. More specifically, the record volume was achieved during the recent unloading operation on Yang Ming's boxship YM Mutuality. ICTSI has invested more than US$300 million to modernise and expand the multipurpose terminal. The investment covers the construction of
CN analysis: Container freight rates continue to slide on most Indian trades There seems to be no real let-up in the rate slide seen on most of the trade routes out of India as trade volume pressure continues, according to the latest market analysis by Container News. On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have dr
Hapag-Lloyd updates MIAX service port rotation Hapag-Lloyd has announced the addition of the Indian port of Hazira to the rotation of the Middle East India Africa Express (MIAX) service. The German ocean carrier said the updated port rotation is expected to kick off on 14 June with the 4,616 TEU vessel Bea Schulte. The new rotation of Hapag-Lloyd's MIAX service will be Jebel Ali (UAE) - Mundra (India) - Hazira, (India) - Nhava Sheva, (India)
PSA, Kazakhstan Railways collaborate to boost trade via the Trans-Caspian route PSA International, a global provider of ports and supply chain solutions, and Kazakhstan Railways, the operator of the country's primary railway network, have agreed to form a joint venture business, KPMC. KPMC will facilitate the development of the Trans-Caspian International Transport Route (TITR), which will improve connectivity and trade from Southeast Asia and China to Europe via Kazakhstan.
Klaveness Combination Carriers lines up three newbuilds in China Norwegian owner Klaveness Combination Carriers (KCC) is set to expand its fleet after signing a deal for three Cabu newbuild vessels in China. The Oslo-listed firm, with eight Cabu and eight Cleanbu combination carriers, has entered into a letter of intent with Jiangsu New Yangzi Shipbuilding to have the trio delivered in 2026. The newbuilds ...
Inverness and Cromarty Firth Green Freeport names Calum MacPherson as its first CEO Inverness and Cromarty Firth Green Freeport (ICFGF) in the Highlands has appointed Calum MacPherson as its first chief executive officer. MacPherson, who previously held roles at Highlands and Islands Enterprise and Robertson Capital Project business will take the helm at Scotland's first green freeports in August. Earlier this year, the UK and Scottish governments chose ...
Island Offshore clinches more contract work for well intervention vessel Norway's Island Offshore has secured light well intervention work for its 2008-built on the Norwegian continental shelf, taking its order book to close to $274m. The contract with the end customer, Equinor, has been entered into by TIOS, Island Offshore's former joint venture with TechnipFMC and cooperation partner for this service for many years, which ...
PSA and Kazakhstan Railways sign Trans-Caspian rail corridor pact Singapore-based terminal operator PSA International has formed a joint venture with Kazakhstan's main rail network operator Kazakhstan Railways (KTZ) to promote the development of the Trans-Caspian International Transport Route (TITR). The TITR is a rail corridor route that travels through China, Kazakhstan, the Caspian Sea, Azerbaijan and then Georgia, enabling products to be shipped through ...
Maritime UK appoints Chris Shirling-Rooke as its new CEO Maritime UK has appointed Chris Shirling-Rooke as its new chief executive officer. Shirling-Rooke is currently CEO of Mersey Maritime, a maritime regional cluster organisation based in the Liverpool City Region. He will join the industry body in the early summer and take over from Janet Fallon, who served as interim CEO. Commenting on his appointment ...
Navigator offloads its oldest gas carrier Handysize gas carrier owner and operator Navigator Holding continues to offload its elderly ships. The New York-listed company said it had sold 23-year-old LPG carrier Navigator Orion for $20.9m. The 22,085 cu m ship, which VesselsValue estimates to be worth $18.8m, has already been delivered and renamed Bertolle. Fleet register Equasis lists the Liberian-flagged vessel ...
Shadow fleet shines light on fast-growing Gabon ship registry In terms of percentage growth, the flag of Gabon is now the fastest-growing in the world this year, taking on an ever larger slice of the so-called shadow fleet hauling sanctioned Russian, Iranian and Venezuelan oil. The flag, whose administrator has offices in the UAE, Mumbai, Piraeus and Hong Kong, has doubled in size this ...
Seadrill and Gulf Drilling jackups JV secures more work in Qatar Gulfdrill, a joint venture between Seadrill and Gulf Drilling International, has secured contract extensions for three jackup rigs working in Qatar. The West Castor jackup rig, which is bareboat chartered to Gulfdrill by Seadrill, received a contract extension, together with the two jackup rigs that are bareboat chartered to Gulfdrill by a third-party shipyard. The ...
Subsea 7 details major Turkish deal Subsea 7 has officially confirmed a major contract award from Turkish Petroleum for the second phase of the Sakarya field development offshore Türkiye in the Black Sea. The Oslo-listed company said its work scope will cover engineering, procurement, construction, and installation of around 37 km of infield flowlines, 47 km of control umbilicals and associated ...
New session, speakers and sponsors announced for next year's inaugural Geneva Dry In the three weeks since launching Geneva Dry with the aim of becoming the world's premier commodities shipping conference, organisers have been busy adding a stellar line-up of speakers, sponsors, and even an extra session thanks to the overwhelming response to the new show. Scheduled to take place at the Hotel President Wilson on the ...
Equinor puts Norwegian North Sea wind project on ice Norway's Equinor is postponing further development of a floating offshore wind farm that was intended to power the Troll and Oseberg fields in the Norwegian North Sea citing several challenges facing the project. A potential 1 GW project some 65 km west of Bergen called Trollvind was aimed for an investment decision this year, with ...
Fugro wins German offshore wind site survey contract Dutch surveyor Fugro has won a contract from Germany's Federal Maritime and Hydrographic Agency, the Bundesamt für Seeschifffahrt und Hydrographie (BSH) for two offshore wind farm sites in the German exclusive economic zone (EEZ) in the North Sea. Fugro's Geo-data will be integrated with Fraunhofer Institute for Wind Energy Systems (IWES) ultra high resolution multichannel ...
Xiamen ITG Group readies for dry bulk and bunkering fleet growth State-owned and Shanghai-listed Xiamen ITG Group has moved to expand its fleet with a pair of bulk carriers and six new bunkering vessels. The company revealed in a regulatory filing that its shipowning arm, China World Maritime 10 Shipping, will buy two 82,000 dwt kamsarmax vessels for around $68m. ITG Group has been steadily growing ...
Accurate data paramount as new emissions regulations kick in Jonathan Arneult and Darren Shelton from FuelTrust write for Splash today. Over the past five years, the shipping industry has undergone a significant shift towards sustainability, driven by new regulatory and commercial changes. These changes, such as emissions reporting, legislation of carbon taxes, implementation of Carbon Intensity Index (CII) ratings, and shifting measurements, have signific
Cargill takes Diana panamax bulker on charter Greek bulker owner Diana Shipping has chartered out its 2010-built panamax to commodities giant Cargill in a deal that is expected to bring in at least $5.71m. The New York-listed company has fixed the 75,700 dwt ship through to between September 15, 2024, and November 15, 2024. The charter commenced on May 20, 2023, with ...
Bertram Rickmers dies, aged 71 One of the most famous names in German shipping died yesterday. Bertram Rickmers, 71, fell down some stairs while celebrating his wife's 60th birthday, according to German media title Bild. "At this hour our thoughts are primarily with Bertram Rickmers' wife Franziska, his three children and five grandchildren, to whom we extend our deepest sympathy," ...
Moody's maintains 'stable' outlook for US ports despite weakening cargo volumes US ports are in a good position to weather the current cargo lull, but a mild recession in the second...
Dark fleet operator Gatik reflags four tankers with Mongolia Having been deflagged and removed from P&I cover because of its involvement in moving Russian oil, the world's largest operator...
String of sales bolsters Navios Partners' first-quarter profits Chief executive Angeliki Frangou underlines focus on deleveraging balance sheet
Dry bulk rates soften as caution creeps in Latest statistics from the World Steel Association show that China's steel production contracted in April, an early sign that the...
Dry cargo sector dominates ship recycling market Recycling markets have been on an upward trajectory during the past couple of weeks with tonnage supply at a minimum...
Toro profits from tanker sales Nasdaq-listed owner continues to aim for growth and diversification
Trafigura says global south can meet shipping's green fuel demand Shipping needs at least 30m-35m tonnes of renewable hydrogen-derived ammonia and methanol to align with 1.5 degrees by 2030, complemented...
Ukraine export hub empty for nearly two weeks The most recent vessel that was cleared to travel to Yuzhnyi port, under the grain deal, was on May 2
Mitsubishi Shipbuilding and Nihon Shipyard aim to build liquefied CO2 carrier by 2027 Japan's two leading shipbuilders believe the market for CO2 carriers will be expanded by Asia following the EU's lead on...
Bertram Rickmers: a life that mirrored the trajectory of German shipping Before the financial crisis, Rickmers was unquestionably one of the industry's leading figures, with a fleet of 130 ships. A...
High rates spark off record first quarter for BW LPG BW LPG forecasts a strong, but volatile market for the rest of the year, as export growth from the US...
Zéphyr & Borée orders revolutionary sail-powered boxships New 1,000 teu capacity containership quintet will each be fitted with four wingsails and have been specified with dual-fuel methanol...
Suezmax scarcity to secure 'a very interesting market' for Nordic American Tankers Nordic American Tankers expects the strong market for suezmax tankers to continue in the coming years, on the back of...
PSA International makes inroads into Central Asia intermodal network Intermodal connections between Asia and Europe are a rapidly evolving new market
Genco appoints new finance chief Genco has chosen its senior vice-president of strategy and finance Peter Allen to fill in the shoes of departing chief...
Daily Briefing 'Low maturity of solutions' the main barrier to decarbonisation, Lloyd's List survey finds | Dark fleet tanker calls at UK...
Geodis acquires South Florida-based drayage carrier Geodis has acquired Southern Companies, a South Florida-based container drayage provider, the latest in a series of trucking and warehousing acquisitions in the US over the last two months.
Port of Philadelphia cargo incentive receives state funds through mid-2024 Relative to other US East Coast ports that saw high import volumes in 2022 due to diversions from West Coast ports, PhilaPort saw more modest inbound growth.
PSA inks China-Europe 'middle corridor' deal with Kazakhstan Railways The Singapore-headquartered terminal operator has extended its reach deeper into the landside business, targeting the growing Central Asia rail freight market.
High utilization spurs Zim to upsize Asia-USEC vessels The Israel-based carrier is adding larger ships powered by liquefied natural gas to the Asia-US East Coast trade to capture sustained demand and lower unit costs.
Top 100 Importer/Exporter Rankings: US trade flows returning to pre-pandemic patterns This latest annual Journal of Commerce Top 100 Importer and Exporter rankings underscore the impact of softer US and global economies that depressed demand for goods domestically and abroad, weakening consumer confidence and high inflation, and a major shift in the timing of imports in 2022.
Klaveness Combination Carriers pencils in $182m order for emissions-cutting newbuilds Norwegian shipowner completes $50m share sale to help finance preliminary deal at Jiangsu New Yangzi Shipbuilding
Freightos posts wider loss after absorbing listing expense First-quarter revenue jumps 9.9% to $4.82m as company posts 13th quarterly transaction record
Pangaea Logistics celebrates 25 years and the life of late founder Ed Coll Staff, clients and family gather to mark shipowner's 25 years in business and honour the well-lived life of much-loved co-founder
CoolCo starts introducing CII rating into its charter parties LNG shipowner says post Russia-Ukraine war fallout meant emissions intensity for some vessels fell affecting overall fleet performance
BSM promotes Andreas Solomonides as Nikolaos Kretsis steps down for personal reasons 17-year company veteran becomes ship manager's boss in Cyprus
CoolCo says up to 20 new LNG ships a year needed to replace old steamships Chief executive Richard Tyrrell names incoming resales and says company 'fully expects' to exercise its options to buy them
Container freight rates are unsustainable and will have to rise, warns Zim Or a return to pre-Covid rates and higher costs will hit liners
BW LPG says VLGC term charter demand rising as it cashes in on LPG retrofits Charterers happy to fix for two or three years in volatile markets
Russia vows to exploit Northern Sea Route after EU oil embargo Experts say logistical and shipping problems would limit the shift to the shorter route to Asia for a decade
Navios Partners boosts net profit on vessel sales, container ships and tankers Angeliki Frangou-led behemoth confirms string of profitable vessel disposals but poor bulker earnings are weighing on results
New aviation-shipping coalition to push for green hydrogen priority Lobbying group being set up by opportunity Green to ensure shipping and aviation can access sufficient alternative fuels to decarbonise
Product tanker room blaze brought under control near Istanbul No injuries or pollution reported
Hafnia will not go out and buy 'random' ships, Mikael Skov says Oslo-listed shipowner focusing on selling older vessels after recent fleet renewal
Monjasa lands best-ever profit in 'imbalanced' oil and shipping markets Danish fuel and tanker group meeting changed demands from clients after Ukraine invasion
Tankers will have to last longer after fleet underinvestment, Hafnia says But Mikael Skov warns proper maintenance needs to be carried out early in a ship's working life
Trafigura says carbon price could unlock 'abundant' green fuels in global South White paper also calls for a zero emissions target in 2050 as it highlights opportunities for developing nations
France's Zephyr & Boree inks pricey feeder container ship orders at Hyundai Mipo Methanol dual-fuelled, 1,300-teu container ships cost a whopping $62m each
'Freedom flotilla': Russia and Iran plan to build 20 sanctions-proof ships Joint venture would operate vessels into and out of Russia through north-south and east-west routes
Trafigura says carbon price could unlock 'abundant' green fuels in the Global South White paper by trading giant also calls for a zero emissions target in 2050 as it highlights opportunities for developing nations
MPC Container Ships logs profit as charter markets stabilise Feeder ship operator stays the course despite 'steep market normalisation trajectory'
CoolCo talking with 'multiple' charterers on 2024-delivering LNG carriers Idan Ofer's LNG shipping venture gets into its stride with CEO focused on fixing next open vessels
Navigator Holdings sells oldest gas carrier as earnings hit record US-listed owner also launches new buyback and dividend policy
Buys likely as Toro makes $43m profit from selling aframaxes bought in 2021 Cyprus-based owner looking to diversify fleet after series of disposals
BW LPG starts 2023 with 'strongest quarterly performance on record' Singapore-based gas ship operator boosted by strong exports from North America and growing demand in China, post Covid-19 reopening
Hoegh kicks tyres on ammonia from terminals to car carriers Both Hoegh LNG and Hoegh Autoliners have cut deals on ammonia-related projects
German shipping legend Bertram Rickmers dies at age 71 Hamburg-based shipowner is reported to have succumbed to injuries resulting from a fall
Xiamen ITG splashing out $152m on bulk carriers and bunker tankers Company is adding six bunker tankers and two kamsarmax bulk carriers to its fleet
Wellard's Swagman heads to Brazil in search of more lucrative livestock trade Shipowner says Turkish moves to import large quantities of cattle has buoyed trade from South America
In pictures: Fichte & Co lays on hospitality at UAE Maritime Week Dubai's largest independent maritime law firm throws elaborate open-house office bash
Seko Logistics warns of puny peak season for shipping More signs are surfacing that the second half of the year won't be a panacea to the international freight recession. Seko Logistics says there won't be a surge in orders that fuels transportation spending.
Shipping line fires back at bankrupt Bed Bath & Beyond Bed Bath & Beyond "failed to manage its own supply chain" and "exacerbated the bottlenecks faced by other shippers," alleges OOCL.
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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