Grimaldi continues ammonia-ready car carrier binge The Naples headquartered Grimaldi Group is continuing its ammonia-ready car carrier shopping spree. Earlier this month, it added five newbuilds to its tally. On January 23, it added another five by exercising
Portland Engineer District welcomes new survey vessel The U.S. Army Corps of Engineers' Portland District officially welcomed its newest hydrographic survey vessel, the Beeman, with a dedication and christening ceremony in Newport, Oregon, Jan. 11. The vessel was built
DASCHER takes over Dutch food logistics provider Transportgroep A. Müller B.V. (Müller), headquartered in Holten, has been acquired by DACHSER, a German logistics company based in Kempten. The two parties have decided not to disclose any financial information related to the acquisition, which includes the Dutch food logistics provider's own extensive fleet and is expected to be approved by the Dutch competition authorities. DACHSER has not boug
Viasea launches new service between the United Kingdom and Norway Norwegian shipping line Viasea Shipping has announced the addition of a new service between the Hutchison Ports London Thamesport and Norway, increasing the range of short sea container services available from the South East UK port. Mark Taylor, director of London Thamesport, commented on the new service, "London Thamesport is already well established as one of the leading short sea container po
Investment boost of US$131 million at Jawaharlal Nehru Port Container Terminal Nhava Sheva Freeport Terminal Private Limited (NSFTPL) and Asian Development Bank (ADB) signed a US$131 million loan in order to upgrade the Jawaharlal Nehru Port Container Terminal (JNPCT) in Nhava Sheva, India. The financing package consists of US$61.4 million from ADB's ordinary capital resources and US$69.6 million from Leading Asia's Private Infrastructure Fund (LEAP) administered by ADB. NS
Konecranes inks licensing agreement to expand its presence in India Finland-based port equipment manufacturer Konecranes aims to strengthen its presence in the Indian market with a licensing deal with an Indian multinational corporation Larsen & Toubro (L&T) for the manufacturing and distribution of Konecranes port cranes in the country. The partnership between Konecranes and Larsen & Toubro (L&T's) Minerals & Metals business unit includes Konecranes' brand portf
FESCO sets new record, dispatching 53 box trains from Vladivostok Russia-based FESCO Transportation Group dispatched 53 container trains from Vladivostok in one week. In particular, 49 railway trains departed from the Commercial Port of Vladivostok (CPV) and the remaining four began from rear container terminals in Vladivostok. The total loading of the box trains was more than 7,000 TEUs. Moreover, the dispatch of four trains was organised using the technology
MSC, Evergreen head scrubber-fitted fleet ranking MSC, the world's largest container shipping company, was the "scrubber champion" for 2022, as the Swiss/Italian box line ended the year with the largest number of scrubber-fitted vessels, according to DynaLiners report. In particular, 216 boxships of MSC are equipped with scrubbers, translating to an overall capacity of 2,132,700 TEUs. Additionally, one of Taiwan's major ocean carriers, Evergreen
New study: 96% of companies move manufacturing closer to home amid supply chain disruptions The newest Trade in Transition survey, commissioned by DP World and led by Economist Impact, recorded the opinions of industry executives who have to manage the recent disruptions to global trade, ranging from the war in Ukraine to inflation and extended Covid-19 lockup policies in various markets across the world. The research's primary conclusion is that the vast majority of 96% of companies be
Hapag-Lloyd changes rotation of India Gulf Service 1 Hapag-Lloyd has announced an update on the India Gulf 1 (IG1) service port rotation replacing the call at Bahrain with a call at the port of Jubail in Saudi Arabia. The new rotation of the weekly service will be Jebel Ali (UAE) - Karachi (Pakistan) - Mundra (India) - Sohar (Oman) - Jebel Ali - Shuaiba (Kuwait) - Umm Qasar (Iraq) - Jubail (Saudi Arabia) - Jebel Ali Three container ships with an av
Nigerian president opens Lekki Port, largest port in the country President of Nigeria Muhammadu Buhari officially inaugurated the Lekki Deep Sea Port in Itoke village, Ibeju-Lekki, Lagos, on 23 January, while observing the offloading of the CMA CGM Mozart at the port's quay. This US$1.5 billion project is a joint venture between the Federal Government of Nigeria, through the Nigerian Ports Authority, the Lagos State Government, the Tolarams Group (owner of the
Second CMA CGM vessel faces machinery issues in seven days The 3,426 TEU container ship CMA CGM Veracruz became disabled and adrift south of New Orleans in the United States on 20 January, according to a recent report from marine and transit claims consultancy WK Webster. "It is possible that General Average/Salvage and associated recovery issues may arise as a result of this casualty," said WK Webster. Greek shipping data and real-time information provi
Oaktree selling further stake in Hafnia US private equity firm Oaktree Capital Management has moved to sell 25.2m shares in the Oslo-listed product tanker unit of BW Group, Hafnia. Oaktree-controlled OCM Luxembourg Chemical Tankers has hired Fearnley Securities, Jefferies and Pareto Securities to explore a potential block sale of existing shares equal to approximately 5.01% through a private placement. The share ...
US investment manager Arroyo gets into LNG bunkering Arroyo Investors has closed an investment in Seaside LNG, which has a 50% stake in the JAX LNG production facility in Jacksonville, Florida and owns an LNG bunkering barge through Polaris New Energy. The Houston-based investment manager, which focuses on power and energy infrastructure assets throughout the Americas, did not reveal the size of its ...
Simon Møkster Shipping bags MMT vessel extension Norwegian shipowner Simon Møkster Shipping has secured more work with Swedish marine survey specialist MMT for the multipurpose support vessel . The Ocean Infinity company has exercised the option to add additional six months to the contract keeping the vessel busy until October 2023. The 2010-built MPSV has been on contract to MMT continuously since ...
Alfa Laval rolls out first biofuel-ready separators Alfa Laval has introduced what it says are the marine industry's first biofuel-ready separators, which can tackle potential operational challenges associated with the use of the fuel in shipping. Biofuels such as hydrotreated vegetable oil (HVO) and fatty acid methyl ester (FAME) can be used by diesel engines without major engine modifications. However, Alfa Laval ...
Rovco takes Glomar OSV on long-term charter UK-based subsea technology and services firm Rovco is bolstering its site characterisation business unit with a three-year charter of the 2009-built multipurpose support vessel, from Dutch vessel operator Glomar Offshore. The two companies in collaboration with marine design consultants, Medea, will reconfigure the vessel to permanently carry an entire suite of survey sensors and equipment, ...
2020 Bulkers seals Koch Shipping charter Tor Olav Troim-backed newcastlemax specialist 2020 Bulkers has secured a new time charter contract from Koch Shipping for . The new charter starts on February 19 at $19,000 per day for the first 100 days, after which the ship will earn an index-linked rate that reflects a premium to a standard capesize vessel and a ...
d'Amico exercises product tanker purchase option Italy's d'Amico International Shipping has exercised a purchase option on the , a 50,000 dwt MR product tanker vessel built in May 2018 by Onomichi Dockyard, paying $30m for the ship, which will deliver in May. The Italian owner now has 36 product tankers in its fleet. The company bought the High Explorer's sister ship, ...
Japanese bulk carrier in difficulty off the coast of Queensland Australian authorities are attending to a stricken bulk carrier off Mackay on the Queensland coast. The crew of 24 remain onboard the with local reports suggesting the engine room has been flooded. The 2012-built, Panama-flagged capesize is owned by Japan's Nissen Kaiun and is on charter to compatriot Nippon Yusen Kaisha (NYK). It is not ...
Equinor extends framework deal with PGS Norway's Equinor has exercised its option to extend the framework agreement with fellow seismic survey specialist PGS by two more years. The deal, which covers 4D monitoring surveys on the Norwegian and UK continental shelf, will see PGS work on the Gullfaks and Gudrun fields during the 2023 summer season. Equinor has one additional two-year ...
Nigeria's first deepsea port inaugurated Nigeria, the most populous nation in West Africa, has its first deepsea port up and running. The nation's president, Muhammadu Buhari, was on hand yesterday for the official inauguration of the $1.5bn Lekki Deep Sea Port, with a CMA CGM vessel calling at the new facility in Lagos state a day prior. The port, in ...
Holland Shipyards wins contracts for two coasters De Bock Maritiem has contracted Holland Shipyards Group to build two shortsea vessels. The 3,600 dwt vessels, designed by Conoship, will transport dry cargo and have a low air draft, making them suitable for inland waterways and the Rhine as well. The vessels feature diesel-electric propulsion and measure 88 m by 13.2 m and have ...
India's proposed ship age limits to have negligible effect on the global merchant fleet It's been one of the most read stories on the Splash site this month, but just how significant is the news coming out of India about soon-to-be-enacted ship age limits? Splash reported five days ago about new rules be issued by New Delhi whereby no bulk carrier, tanker or general cargo ship aged 25 or ...
Breakthrough year in autonomous shipping as international collaboration ramps up One Sea Secretary General Sinikka Hartonen discusses the key developments in autonomous shipping in 2022 and provides an outlook for the year ahead. 2022 was a year of breakthroughs in autonomous shipping, opening the way for further significant progress in the coming 12 months. During MSC 105 in April, The International Maritime Organization (IMO) provided ...
Oregon State University building first utility-scale, grid-connected wave energy test site in the US Oregon State University (OSU) has executed the last major contract pieces to build a wave-energy test facility, PacWave South, paving the way for construction of the facility off the coast of Newport, Oregon. PacWave South will be the first utility-scale, grid-connected wave energy test site in the United States. The facility will offer wave-energy developers ...
Greek shipowner and operator ordered by US to pay $1m each for tampering with pollution-prevention equipment Empire Bulkers Limited and Joanna Maritime Limited, two related companies based in Greece, were sentenced in the US last week for committing knowing and willful violations of the Act to Prevent Pollution from Ships (APPS) and the Ports and Waterways Safety Act related to their role as the operator and owner of the 33,700 dwt ...
Lessons learned from 2014's oil price collapse Zane Berry from MCA Consulting identifies how the offshore industry has transformed over the past decade. I was interested to understand what happened in 2014 when the oil price collapsed and the offshore oil industry, my industry, was halved overnight. Clearly supply outstripped demand at that point but what happened during the near 10 years ...
Pressure on China to 'intensify' over Iranian oil imports, says US envoy US official confirms that talks have been going on for several months with China as the US tries to isolate...
IMO number declared invalid after fatal explosions on UK-insured tanker linked to vessel identity fraud Tanker Smooth Sea 22 identified by UN Security Council report in 2021 as involved in identity laundering scam, yet remained...
Vessel operating costs to moderate in coming years While lube oil and insurance led the cost increases in the past year, dry dock expenses along with lube oil...
Vehicle carrier orderbook hits record 27% of existing fleet Recent newbuilding contracts by Grimaldi and SAIC Anji Logistics have driven the backlog of pure car and truck carriers to...
'Why I still feel numb when I write about MV Estonia' The sinking of the the ferry Estonia nearly 29 years ago should hurt like it was yesterday and be remembered
Estonia ferry disaster report finds no evidence of collision Ferry sank in deteriorating weather on a passage between Estonia and Sweden
Most dry bulk routes see red amid rate erosion Questions remain about how China's reopening will affect dry bulk commodity demand, with hopes pinned on a steel sector rebound...
Bangladesh foreign minister 'surprised' Russia used sanctioned vessel Bangladesh officials are hoping Russia delivers equipment for a nuclear power plant using an unsanctioned vessel
Trends reveal a dynamic safety culture landscape Analysis identifies eight trends that show a shifting safety environment. Leadership behaviours and the duty of oversight are paramount
IMO urged to adopt measures to reduce underwater noise Clean Arctic Alliance calls for action to address the impact of underwater noise from ships on Arctic wildlife ahead of...
Daily Briefing Lack of 'real' green solutions leaves shipping hanging, say London Greeks | Blankings fail to halt Chinese New Year container...
Small oil spill from boxship reported off Vancouver The Canadian Coast Guard responded at the weekend to a spill of an estimated 60-100 litres of oil
Virginia lawmakers propose funds for state's second inland port Some Virginia state legislators are looking to fund a second inland port, but the project's prospects hinge on railroad and shipper demand, according to a study.
UP says all container traffic halted on its network between LA and Midwest An outage involving a bridge in New Mexico in the heart of Union Pacific's network is causing major delays for intermodal and automotive shippers between Southern California and two major inland hubs.
Customer service, not falling rates, the focus for 2023: UP The Class I railroad vowed it would focus on providing better service to shippers in 2023 and move to heal wounds from tense labor negotiations by addressing quality-of-life issues affecting its workforce.
Electronic bill of lading 'green shoots' emerge in wake of pandemic Pandemic-driven acceleration in the usage of its digital shipping document product is a sign that blockchain does work in niche applications in global logistics, according to CargoX.
US House bill includes $755 million in truck parking grants The expansion of truck parking along US highways is a primary objective of the "SHIP IT" act, along with providing incentives to attract and retain more drivers.
'Service interruption' affecting container moves between LA-Midwest: UP An outage involving a bridge in New Mexico in the heart of Union Pacific's network is causing major delays for intermodal and automotive shippers between Southern California and two major inland hubs.
UP says will focus on service, not falling rates, in 2023 The Class I railroad vowed it would focus on providing better service to shippers in 2023 and move to heal wounds from tense labor negotiations by addressing quality-of-life issues affecting its workforce.
India-US freight rate decline shows no signs of slowing in new year Rates on trades out of India continue to soften in January, most notably to the US, and at least one carrier is seeking general rate increases in a bid to prop up prices.
J.B. Hunt focusing on faster container turns to move more loads J.B. Hunt Transport Services will focus on working with shippers to empty containers in a more expedited manner as freight is moving slower than ever with box turn ratios falling for four consecutive years.
Empowered, but weary, importers eye streamlined Asia-US contract talks The balance of power has shifted back to shippers for annual trans-Pacific contract negotiations, but many logistics managers, exhausted after the most chaotic and stressful period of their careers, could be more willing to work with forwarders or simply less motivated to haggle with carriers, writes Journal of Commerce Executive Editor Mark Szakonyi.
Intermodal markets shift into recession after no peak season: J.B. Hunt Intermodal shippers are sitting on the sidelines until warehouses unclog and rail service improves, which will result in lower contract rates for shippers in 2023.
Rising global demand for recycled steel could support bulker asset values - report Look to recycled steel demand for a glimpse of the future for bulker asset values, research commissioned by the Baltic Exchange says
New liquefaction project sanctions could soak up bulk of open LNG newbuildings Shipbroker Howe Robinson details at least four liquefaction projects which could take final investment decisions in coming months
Japanese capesize 'stable' after engine room flooded to depth of seven metres Distress call sent on Tuesday from the Frontier Unity off Australia
China Energy reportedly places order for Australian coal China unofficially banned the commodity after diplomatic relations with Australia broke down in 2020 over Covid-19
D'Amico snaps up leased MR tanker for $13m below market price Italian owner exercises another purchase option for bargain product carrier
Ban Panama-flag tankers from EU ports over Iran trades, says US pressure group Group calls for ban while Iran cautions over public statements about crackdown
End of the party looms for car carriers as newbuilding armada awaits VesselsValue's Dan Nash argues that 2023 will be the last year of record rates
Selective Nakilat steam turbine LNG carriers show up as bigger fleet emitters Doha-listed LNG shipping giant drills down deeper with latest ESG report
Ex-FBI agent faces sanctions charges linked to Russian oligarch Legal experts say move by prosecutors points to 'US-first' plan to target Russia sanctions breakers
Al Seer pledges fleet growth after adding bargain MR and selling two ships Expanding Abu Dhabi owner confirms ambition to take advantage of volatile shipping and commodity markets
VLGC rates take a hammering as Middle East hit by production problems Chinese New Year holidays mean earnings are unlikely to recover soon
First cargo shipped using GIIGNL's emissions monitoring and verification tool Energy major used new framework developed by LNG importers' group for carbon neutral shipment from Australia to Taiwan
Trond Mohn keeping MR tankers for now after big profit on Torm LR1 sales Norwegian investor says his vessels were debt-free, meaning a big pay-day
Usual tanker suspects linked to their first VLCC purchase Indian entity tied to 15-year-old VLCC sold by Greek interests at a fat profit
BP plots ammonia shipping and hydrogen conversion at German hub UK energy giant wants to produce 130,000 tonnes of low-carbon fuel from 2028
Meet the maritime matchmaker cleaning up seafarer recruitment Disenchantment with pay-to-work scams is providing a boost for Isabelle Rickmer's digital marketplace
Rebel shareholder Bjarte Brondmo quits board of restructuring DOF Second-largest investor steps down after blocking negotiated refinancing with lenders
SK Shipping LNG carrier duo still out of action after more than four years of repairs But one vessel appears to be trialling a cargo as rows are said to rumble on among the owner, yard and tank designer
Pakistan's container shipments said to be under threat as dollar reserves dry up Shipping agents warn government after banks 'stop paying' freight bills
France hunts 'shipowner X' after 'nightmare' plastic pellets spill Government promises legal action after 'mermaids' tears' from container wash up on beaches
Holland Shipyards makes it five new MPPs in a month with De Bock order Dutch shipbuilder seals order for coastal vessels with domestic owner
Norwegian Hull Club shuffles staff to chase growth Bergen-based insurer aims to expand further in Northern Europe
Child found in shipping container arrival at Malaysia's Port Klang Boy was found inside one of the containers that was shipped by OOCL and was not a victim of human trafficking
Tug grounded in collision with Bahri VLCC off Texas US Coast Guard said the smaller vessel began taking on water after the incident in Corpus Christi
Italy's Grimaldi doubles down on car carriers at China Merchants shipyard The company lifts its total tally of car carrier newbuildings on order to 15
Contamination penalty pushes Glencore down Singapore's bunker league table Meanwhile, the Trafigura-Fredriksen joint venture TFG Marine continues to build market share
Crew restrictions returning following end of China's zero-covid policy Global Maritime Forum also says vaccination rates among seafarers are now higher than most countries
Crew restrictions returning following end of China's zero-covid policy, says GMF Global Maritime Forum also says vaccination rates among seafarers are now higher than most countries
Scrap prices 'surge' as India steps in to fill the vacuum Indian container ship reported sold at a firm $581 per ldt as Pakistan and Bangladesh struggle with finance
VLCCs with scrubbers forecast to out-earn those without thanks to wide bunker spreads BRS Group believes low sulphur fuel and marine gasoil will get more expensive in the coming months thanks to the European Union's Russian product embargo
Amazon Air lands in India Amazon is still investing in its air cargo network despite cost cuts elsewhere in the company. Next up: India.
Hawaiian pilots land lucrative cargo contract ahead of new Amazon service A new contract for pilots at Hawaiian Airlines is setting the bar for all-cargo carriers above traditional industry leaders even though the carrier has never flown freighters before.
CargoX proof of concept showcases interoperability for global trade eBOLs "We are proud to be part of this first-in-history interoperability launch between eBOL platforms," said CargoX founder and CEO Stefan Kukman.
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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