BIMCO: Coal shipments to advanced economies down 17% so far in 2023 "In the first ten months of 2023, coal shipments to advanced economies fell by 17% year on year, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand," says Filipe Gouveia, shipping analyst at BIMCO. Between January and August, electricity production in advanced econom
How will the conflict between Marriott and Lim, which has reached a criminal investigation in Poland, affect other business partners of Marriott? Background Marriott International have, from their founding in 1927, grown from a small local food and beverage company to become an increasingly successful, world-leading, hospitality company. Marriot International Incorporated was formalised in 1993 and, at this time, Marriott Corporation split into two separate companies. The new corporate structure established Marriott International to franch
PD Ports to enhance staff safety at Felixstowe warehouse with drone technology PD Ports enhances staff safety at its Felixstowe warehouse with cutting edge technology, removing the need to work at height in order to perform important stock counts. In particular, the logistics provider RAWView has been actively searching for ways to mitigate risks team members face when conducting daily tasks. Stock counts were identified as a key area to implement technology, because they r
APM Terminals Pecém breaks box volume records and boosts fruit exports Brazil's APM Terminals Pecém handled 55,000 TEUs in October, representing the highest monthly volume ever recorded in the terminal's history. The terminal also saw an important 11% growth in container moves year to date, versus the same period in 2022, mainly driven by a 23% growth in the export of produce from the fruit growing centers of Pernambuco, Bahia, Ceará and Rio Grande do Norte. Daniel
Container shipping to bear brunt of EU Emissions Trading System Container shipping will be the hardest hit shipping sector in January when the European Union Emissions Trading System (EU ETS) goes live with the carriers liable for around €1.82 billion in carbon charges at today's prices, by 2026. The EU ETS will be introduced gradually from 2024, with carriers liable for 40% of emissions in the first year, rising to 70% in 2025 and 100% by 2026, and Albrecht
Ten new electric cranes to improve Port of Santos operations The vessel Zhen Hua 35, starting its journey from the port of Shanghai, docked on 16 November at the port of Santos in Brazil carrying two new portainers and eight e-RTGs for the Brazilian port operator Santos Brasil. Santos Brasil acquired the new electrical equipment aligned with the concept of a low-carbon economy and the sustainability of the port activity growth. The equipment is an importan
Carriers on India-US trade attempt higher rate hikes for December Container carriers serving India-US trades seem to have regained some strength to attempt higher rate increases amid promising export trade indications. CMA CGM has doubled the amount of a previously announced peak season surcharge (PSS) for December on shipments from India to the US East and Gulf coasts. The French liner, in a new customer advisory, said a PSS of US$200 per container that was to
Hongkong International Terminals repudiates talk that Terminal 9 is discontinued Hongkong International Terminals (HIT) has refuted market rumours that the entire site of terminal 9 at Kwai Tsing Container Terminal has been decommissioned. HIT, a joint venture between Hutchison Ports and COSCO Shipping Ports, stated that only the north part of the terminal, covering a 19-hectare area, was decommissioned. This began in 2020 and was completed in 2022. Hong Kong's container thro
New partnership to improve Canadian supply chains Ashcroft Terminal and Vancouver Fraser Port Authority have signed a letter of intent for a long-term arrangement about the transportation of Canadian imports and exports. In particular, the organisations will work together to invest, build and operate rail infrastructure at Ashcroft Terminal to reduce congestion within the Port of Vancouver, support capacity growth and enhance resiliency within t
Corvus Energy appoints new CEO The Board of Corvus Energy, a Norwegian supplier of zero-emission and hybrid maritime, offshore, subsea and port applications, has appointed Fredrik Witte as new chief executive officer (CEO). Witte will take over his role from 1 January 2024. Chairman of the Board, Mikael Mäkinen, has welcomed Witte on board and looks forward to the start of a new phase for the company. Fredrik Witte has been th
ONE embarks on wind propulsion trial Ocean Network Express (ONE) announced the launch of a new trial aimed at unlocking the potential of wind propulsion as a sustainable solution for the maritime industry. Following the successful completion of a factory test, ONE, in partnership with Dutch maritime wind-powered technology experts Econowind, is set to install two containerised wind assist devices, known as VentoFoil containers, on t
Maersk, Kumho Tire sign multi-year logistics partnership Danish container shipping company Maersk signed a memorandum of understanding (MoU) with South Korean tire manufacturer Kumho Tire last week with the signing taking place at Kumho Tire's headquarters in Jongno-gu, Seoul. In particular, the partnership seeks to combine Maersk's expertise in global transport and logistics with Kumho Tire's strong foothold in the automotive sector. This collaboratio
IMO-Singapore project on Maritime Single Window delivery at Angola Port completed On 20 November 2023, a handover ceremony marked the completion of the pilot Single Window for Facilitation of Trade (SWiFT) project of the newly created generic Maritime Single Window (MSW) platform at the Port of Lobito in Angola. The event took place following a successful week-long user acceptability testing session organised digitally by the Maritime and Port Authority of Singapore (MPA), whi
Dutch company scoops this year's top prize at The Captain's Table A smooth pitch from Dutchman Jeroen van Heiningen, the founder of 123Carbon, saw him walk away as the winner of this year's Captain's Table, one of the world's most prestigious maritime pitch competitions. Taking place inside the Hong Kong Stock Exchange, the event, broadcast live on Splash, featured pitches from six finalists from around the ...
Integrated Wind Solutions strikes WTIV technical management deal with Havfram Oslo-listed Integrated Wind Solutions has, through its business units IWS Fleet and IWS Fleet Management, reached an agreement with Havfram Wind, a subsidiary of offshore wind contractor Havfram, to provide technical management services for two wind turbine installation vessels (WTIVs) set to deliver in 2025. The Sandbrook Capital-controlled Havfram, formerly Ocean Installer, has two firm ...
Meyer makes offshore wind debut German shipbuilding group Meyer Werft has marked its entry into the growing offshore wind sector. The Papenburg shipyard has secured a contract for the fabrication of the steelwork for converter platforms destined for the DolWin4 and BorWin4 offshore connections as well as BalWin1 and BalWin2 in the German North Sea. The converter platforms will be ...
Senior COSCO official under investigation Another top name in Chinese ship finance has fallen foul of Beijing's anti-corruption drive. Liu Chong, chairman of Shanghai- and Hong Kong-listed COSCO Shipping Development, has been detained by authorities for investigation. COSCO Shipping Development, the finance and leasing arm of the world's largest shipowner, COSCO, said in a filing earlier this week that Liu ...
N-Sea extends Braveheart OSV charter Dutch subsea services specialist N-Sea has extended its long-term charter deal with Braveheart Marine for the offshore survey support vessel . The 2010-built unit, formerly the Bourbon Gulf Star, was acquired in 2021 by Braveheart Marine, which converted and upgraded it from an offshore supply vessel to meet the most up-to-date industry standards. N-Sea has ...
ADES enters Indonesian drilling sector with Pertamina jackup deal Saudi oil and gas driller Advanced Energy Services (ADES) has sealed a long-term jackup rig deal with Pertamina Drilling Services Indonesia. The contract, which marks the company's entry into the Indonesian drilling sector, covers a three-year firm period and a two-year option for the 2008-built Emerald Driller. ADES currently operates 87 rigs across seven countries ...
Angad Banga and Richard Hext take the helm at Hong Kong owners association Two very well known names in global shipping were elected yesterday to run the Hong Kong Shipowners Association (HKSOA). Angad Banga, chief operating officer at The Caravel Group, has become chairman of the association with Richard Hext, chairman of Vanmar Shipping, becoming his deputy. Speaking with Splash for our brand new Hong Kong magazine, Banga ...
Alex Saverys becomes CEO at Euronav as CMB takes back control The Saverys family-controlled Compagnie Maritime Belge (CMB) officially took control of Euronav yesterday with John Fredriksen selling his stake in the tanker giant in return for 24 Euronav VLCCs. Now with 49.05% of the shares in Euronav, CMB unveiled a brand new management yesterday with Alexander Saverys taking over from Lieve Logghe as CEO, to ...
World's first methanol-fuelled engine ordered for VLCC segment China Merchants Energy Shipping (CMES) has ordered an MAN B&W 7G80ME-LGIM (liquid gas injection methanol) main engine in connection with the construction of a VLCC. This is the first such dual-fuel methanol order for this ship type. Dalian Shipbuilding Industry Co (DSIC) will construct the vessel with delivery due by April 2026. China Shipbuilding Industry ...
ONE trials containerised wind propulsion solution Japanese liner Ocean Network Express (ONE) is trialling wind propulsion with Dutch firm Econowind. The magenta-branded containerline is set to install two containerised wind assist devices, known as VentoFoil containers, on the Kalamazoo, a 1,036 teu feeder vessel operating between Busan, Yokohama, and Honolulu. The trial, scheduled to begin in January 2024 and run for ...
What it takes to win shipping's pre-eminent pitch competition Splash hears from the founders and three past winners of The Captain's Table ahead of today's finals which are being broadcast live on this site. The Captain's Table, shipping's pre-eminent pitch competition, is set for its biggest showcase to date with
Caravel's Angad Banga elected to lead Hong Kong Shipowners Association Under the new leadership, the association will enhance efforts to promote cooperation, technology, environmental progress and effective policies
EU makes final ETS clarifications ahead of implementation Ships will start paying for CO2 emissions on voyages that include an EU port from 1 January 2024, while preparations...
Industry anxiety grows as EU ETS draws near Asian shipping stakeholders use platform of Hong Kong Maritime Week to air last minute ETS gripes, with concerns ranging from...
Shipmanager refutes claims of 'terrible' conditions on Ukraine trading vessel The vessel is a regular trader along the Danube calling at Ukraine's smaller river ports
Hapag-Lloyd sees glimmers of hope for rate restoration With new capacity entering the market, carriers have few tools at their disposal to increase rates. However the gap between...
Industry vote suggests majority would not recommend seafarer profession to their children More than half of Crew Connect conference participants in Manila would not encourage children to follow in their footsteps of...
Boxship fuel transition picks up pace The container shipping sector is far ahead of other segments in making the transition towards lower-carbon fuels. Methanol has taken...
Dry bulk freight rates poised to rise in 2024 China's industrial transformation and the urbanisation and industrialisation of emerging economies will drive demand for global commodities in 2024, while...
Euronav charts new course with Alexander Saverys at the helm The Euronav management team are out and the Saverys family are in as CMB's executive team effectively take over control...
Daily Briefing High-risk Israel-linked vessels receiving Red Sea naval support | Israeli owners may face war risk rate hike after car carrier...
Soft US import volumes crimping container availability for agricultural exports With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.
Sharp rise in Asia-Europe Q3 volumes discounted by last year's import slump On its own, the growth in container volumes on Asia to Europe trade lanes in the third quarter was impressive, but it compares with the steep slowdown in imports last year by overstocked retailers.
Install Operating Systems Discover How You Can Download An ISO and Create VM Customization with Metal
Virginia's resins export market gets boost with new $60 million investment The Norfolk expansion plans from resin logistics specialist Katoen Natie come as more plastics production is going onstream in the Northeast US.
New era for carbon shipping requires fresh thinking, says consultant McLaughlin Gradual evolution is not enough as demand tipped to blossom
Tanker charterers showing flexibility on age with minuscule orderbook Fearnleys analyst suggests the effective orderbook could be zero - or even less
Alexander Saverys plots Euronav future after 'transformational' deal for his family New CEO says ending the stalemate with John Fredriksen was no easy ride, but relations remain good
Awilco-backed IWS seals management deal for Havfram WTIV newbuilds Companies teaming up on operation of vessels for wind turbine installations
Hafnia to retrofit 10 tankers to cut energy costs Wartsila says propeller efficiency has reached 8% in previous projects
Saverys family moves in as Euronav's top team is axed after Frontline exit sealed Management and board reshuffled with eye on 'diversification and decarbonisation' strategy
European port deploys facial recognition to tackle drug trade Government introduced a new maritime security law after criminals infiltrated major European ports
Does the rise of very large ammonia carriers spell the end of VLGCs? Enquiry ramps up for next not-so-new breed of gas carrier
Swedish Club to offer cyber cover to shipowner clients Package will help members comply with new IMO guidelines
Kasselakis is the Greek opposition leader in name only after mass defections Former ship investor who promised to halt the slide of the Syriza party only seems to accelerate it
LR tankers could receive a shot in the arm from long-haul trade growth, says Gibsons Arbitrage opportunities will be key this winter, shipbroker argues
Regional Container Lines profits plunge 90% in 'challenging circumstances' Intra-Asian feeder operator sells older vessels as freight rates fall further
Greece's Arcadia offloads its oldest aframax at strong price Angelopoulos brothers achieve superior value for 17-year-old tanker in S&P deal that highlights ongoing market strength
Gerdes Green grabs state cash for Cargill-chartered eco newbuilds at Damen German venture will invest in battery and wind power for new combi freighters
MISC says 'positive outlook' for LNG market bodes well for fleet expansion Offshore and heavy engineering business segments expected to remain 'challenging'
Yemen navy chief 'welcomes' Galaxy Leader's crew as tourists take selfies Seafarers on seized car carrier told they can have 'anything' they want
Greek LPG carrier stocks soar in New York to multi-year highs Investors flock to Dorian LPG and StealthGas after the two companies post yet another set of bumper earnings
China graft probe swoops for ex-Cosco official Liu tendered his resignation due to 'personal reasons'
Greek owners aiming to time supercycle right with entry into offshore shipping Savvy buyers are looking to acquire scarce tonnage in a suddenly hot market, but others have been ahead of the game
Saverys family moves in as Euronav's top team axed after Frontline exit sealed Management and board reshuffled with eye on 'diversification and decarbonisation' strategy
Green Seas: Is EU emissions trading ready for shipping - and vice versa? Newsletter on the environment and the business of the ocean highlights the questions raised by TradeWinds Business Focus on carbon markets
Ocean Network Express to trial box-based wind propulsion technology Singapore-based shipowner says the technology can offer up to 5% reduction in fuel consumption
Trafigura expands VLCC period coverage with Top Ships extensions Commodities giant has now secured a string of large tankers on deals of between 18 months and up to five years
Frontline cements Euronav exit as Saverys takes chief executive job in 'new chapter' Management and board reshuffled with eye on 'diversification and decarbonisation' strategy
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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