TUI Cruises makes a move towards methanol fueling In another sign of the serious attention methanol fueling is getting in the cruise industry, TUI Cruises' newbuild Mein Schiff 7 will be methanol ready. The first steel block of Mein Schiff
Ports America to invest $43 million in Port of Gulfport as part of new operating agreement The Mississippi State Port Authority has entered into a long-term lease and operating agreement with Ports America, the largest terminal operator and stevedore in the U.S. The Port of Gulfport and Ports
Italy's Liberty Lines orders three more high speed hybrid ferries Italian ferry operator Liberty Lines has added three more to the nine 38-meter hybrid monohull vessels it has on order at Spanish shipbuilder Armon. Designed by Incat Crowther, the ferries will feature
Strategic Marine orders 100 Cats In what it calls a "clear indication of confidence" in demand for its boats, Singapore shipbuilder Strategic Marine has placed an order with authorized Caterpillar dealer PT Trakindo Utama for 100 Cat
Foreign operator for Chittagong port's New Mooring terminal The Chittagong Port Authority (CPA) is now set to lease out another big container terminal to foreign operators to bring in competition among the terminal operators and make available the international standard services for the port users. With a new decision and approval from the cabinet body, the New Mooring Container Terminal (NCT) of the Chittagong port will be operated by one of the top glob
Ports America to invest in Gulfport terminal The Mississippi State Port Authority has entered into a long-term lease and operating agreement with Ports America, the US largest terminal operator and stevedore. The Port of Gulfport and Ports America have a long-standing relationship, with Ports America acting as a licensed stevedore at the Port since 2006. In September of 2022, the Port of Gulfport and Ports America entered into a Letter of I
WinGD to deliver methanol engines for COSCO boxships WinGD, a sustainable energy systems provider, will deliver 10X92DF-M methanol-fueled engines for four 16,000 TEU container vessels being constructed at COSCO Shipping Heavy Industry for COSCO SHIPPING Lines in Yangzhou. This order was made on 23 March with a signing event witnessed by COSCO and China State Shipbuilding Corporation (CSSC) officials. The methanol engines will be supplied by CSSC CM
ONE opens new office in Kenya Ocean Network Express (ONE), a global container shipping company headquartered in Singapore, will launch a wholly-owned office in Kenya. The new Ocean Network Express Kenya office in Mombasa will begin operations on 1 April 2023 and is located on Moi Avenue/Cotts House. The office will handle sales, customer service, and operations, with an emphasis on regional freight and transshipments from and
Peel Ports launches Green Automotive Hub in Merseyside Peel Ports Group has unveiled plans for a new nearly US$12 million Green Automotive Hub in Merseyside in North West England to support the company's long-term vehicle manufacturing goals. The Green Automotive Hub is located on Queen Elizabeth II Dock in Eastham, within the Mersey cluster of Peel Ports. The hub, considered to be the first of its kind in the United Kingdom, will be located on the R
Maersk and Shanghai International Port Group partner on green methanol bunkering project A.P. Moller-Maersk signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on strategic collaboration for the Shanghai Port methanol maritime fuel project. The two parties will join hands to explore green methanol fuel vessel-to-vessel bunkering operation after the delivery of Maersk's green methanol container ships in 2024. The Danish ocean carrier has set a net-
Gebrüder Weiss inaugurates logistics terminal in Austria Gebrüder Weiss opened a logistics terminal in the Kreckelmoos industrial estate in Reutte on March 22 in a location, specifically designed to meet the requirements of locally based businesses in Tyrol, Austria. This will make the trips for the collection and delivery of import and export goods shorter and more flexible, according to the company, as they reach Reutte directly, are cross-decked and
Container lines hold onto India-US trade GRIs despite little success signals Container lines seem to be firm on going ahead with a mild rate restoration programme for shipments from India to the United States and Canada even as they continue to face demand challenges filling available vessel capacity. The India-US trade lane is dominated by MSC, CMA CGM and Hapag-Lloyd. These carriers have now synchronised the implementation date for a US$500 per TEU hike, after publishin
Al Naboodah Group joins DP World's DUBUY.com DP World-owned DUBUY.com has welcomed the UAE's Al Naboodah Group onto its wholesale e-commerce platform. The new partnership is expected to accelerate Al Naboodah Group's business-to-business trade, providing visibility of products at the click of a button and to accelerate the group's growth, by providing instant access to new markets via its online business-to-business marketplace. According t
UK Government gives green light to Thames Freeport to commence operations Following the UK Government's approval of the final business case, the Thames Freeport has been granted the green light to officially establish its board and begin full operations. The Freeport is an economic zone situated in the Thames Estuary and the port of London, the United Kingdom's largest port. Thames Freeport, a collaboration between Ford, Forth Ports Limited, and DP World, will see over
Maersk teams up with Shanghai port on green methanol bunkering Danish shipping and logistics group Maersk has sealed a strategic cooperation deal with Shanghai International Port Group (SIPG) for a methanol marine fuel project at the world's largest container port. Under a memorandum of understanding, the two parties will work together to explore green methanol ship-to-ship bunkering after Maersk takes delivery of its dual-fuel containerships ...
Flex LNG wraps up fleet refinancing John Fredriksen-backed Flex LNG has completed its fleet refinancing programme, which resulted in a total cash position boost of $387m. The New York and Olso-listed company with a fleet of 13 LNG carriers has finalised the process with a new $290m loan deal to refinance the 2021-built Flex Freedom and Flex Vigilant. It also completed ...
OX2 moves to develop 1.9 GW energy hub off Sweden Sweden's OX2 has initiated the development of an offshore energy hub that will produce both electricity and hydrogen in the southern Baltic Sea with an estimated total installed capacity of 1.9 GW. The energy hub dubbed Neptunus is planned to be located in the Swedish economic zone, about 50 km off the coast of Blekinge. ...
Kyklades nets big price for 2009-built VLCC Greek owner Kyklades Maritime has almost doubled its money on a 2009-built VLCC it has just sold for $62m, offloading the Imabari-built, 310,000 dwt . The ship was added from Nippon Yusen Kaisha (NYK) for $38m in July 2021. The Greek tanker player has decided to let go of its only VLCC despite the fact ...
Mangrove Partners cashes in on firming newcastlemax prices Five years after it placed an order at China's Yangzijiang Shipbuilding for the construction of four 208,000 dwt bulkers, investment manager Mangrove Partners has decided to let go of two ships, the 2020-built MP The Bruschi, and the one year younger MP The Vrabel. The investment has paid off. The newcastlemax duo were ordered for ...
FPSO sector poised for up to 50 contract awards this decade New awards in the floating production storage and offloading vessel market could reach up to 50 by the end of this decade, according to a new report by Rystad Energy. From 2023 to 2030, the Oslo-based market intelligence firm forecasted 48 FPSO deals for new greenfield developments, 19 of which are earmarked for Brazil and ...
Car carrier orderbook surges by 30% in opening three months of 2023 The car carrier orderbook is surging, up by 30% in the year-to-date, and now represents 25% of the fleet on the water, according to data from Gersemi Asset Management. Another notable trend in this booming sector is the reentry of global container carriers. After a decade of limited orders, car carriers have become hot shipping ...
Decarbonisation tech centre opens in Genoa CapLab, a centre for the development of new decarbonisation technologies, has been launched in Molo Giano, in the heart of the port of Genoa. The new laboratory is the result of the partnership between Ecospray, a subsidiary of cruise giant Carnival, and the University of Genoa. It will be used to study new fuel cell-based ...
British Columbia dockworker negotiations fail to progress The International Longshore & Warehouse Union Canada (ILWU Canada) bargaining committee has filed a notice of dispute with Canada's Federal Mediation and Conciliation Service in connection with its negotiations with the British Columbia Maritime Employers Association (BCMEA), which represents 49 of B.C.'s private-sector waterfront employers and operators. The union and employers are currently in
It is still possible for the IMO to translate climate aspiration into action Shipping's climate negotiations are a high stakes game of poker where governments will be looking to make deals in exchange...
Tsakos and Columbia end joint management venture Both sides 'considerably benefited' from 12-year tie-up, according to statement
What is 'book and claim' and how can it help shipping's decarbonisation? Concept allows shipowners or charterers to pay for alternative fuels without having to physically refuel at ports with available supply
World Shipping Council updates container cleaning advice The introduction of alien pests can wipe billions of dollars from an economy. Supply chains must act to avoid costly...
Greek shipowners expand academic, economic and social contribution Union unveils largest scholarship programme for young Greeks, while shortsea shipowners also expand support for studies
Strong demand driving rise in boxship charter rates Buoyant demand for chartered containerships is giving some non-operating owners the upper hand in negotiations with container line operators
London 'losing marine insurance competence game' 'London has been losing the competence game, but you have an immense advantage in the capital game,' says Lockton Marine's...
Weak demand sees boxes pile up in Europe Carriers built up their equipment fleets to meet shortages during the pandemic. But as demand falls, empties are piling up...
Shipping starts to embrace wind propulsion as sail system installations rise Orders of up to 100 WindWings are expected by the end of 2024
Bisgaard steps down as CCO at Maersk Tankers Chief executive Christian Ingersley will take over the responsibility, which includes sales and service
Shipowners 'forgot' how war risk insurance works Industry memories of Iran-Iraq conflict faded, and cancellation of standard policies and hefty additional premiums came as an unpleasant shock
P&I clubs debate advantages of scale 'We still see ourselves as clubs, we're owned by shipowners, our members are still our shareholders,' says Gard's Christian Pritchard-Davies
K Line adopts wind-powered kite system on coal carrier K Line has installed an automated kite system using wind power on one of its coal carriers to improve propulsion...
Shipping faces 'increasing' expectations to improve diversity Leaders seen as critical in driving progress of diversity, equity and inclusion within industry
China Merchants to offload controlling stake in Ningbo terminal The tender will give a chance for Ningbo-Zhoushan Port Co to gain the control over the facility and better consolidate...
Daily Briefing EU to set 2% renewable marine fuel target to cut carbon emissions | Euronav shareholders opt for a balanced board...
Owner puts heavy-lift giant Mammoet up for sale Dutch conglomerate SHV's planned divestment of Mammoet, the world's largest heavy-lift and engineered transport company, could have a "very important impact" on the sector, according to one consultant.
Shipping interests urge White House intervention in West Coast labor talks The plea to the Biden administration comes just days after the Pacific Maritime Association said the latest job action by dockworkers caused "significant delays" at some marine terminals at the ports of Los Angeles and Long Beach.
US House duo pledge OSRA fixes to boost FMC power US Federal Maritime Commission Chairman Daniel Maffei went before Congress Thursday to field questions about the agency's budget, slow-going rulemaking, and whether new amendments are needed for shipping reform.
Fossil fuel price may outstrip green alternatives by 2025: research report For carriers, accelerating the shift from existing fuel oil to a low-carbon fuel alternative could bring cost-saving benefits, according to Longspur Capital.
UP shippers facing delays on key Chicago-LA corridor Intermodal providers say they are struggling to bring 53-foot containers into UP's terminals in Chicago and nearby Joliet, causing delays of several days to move cargo to the West Coast.
Dry bulk market is 'in for a rough ride' despite China reopening, according to Oldendorff Carriers Sector cannot rely exclusively on China for prosperity, director of business development and strategy Scott Bergeron says
Deep divisions remain as China, Saudi Arabia and Russia oppose majority ambition to cut carbon at IMO International Chamber of Shipping remains optimistic regulators can commit to raising decarbonisation ambition of shipping by 2050
CDB Leasing's LNG fleet hits double-figures with latest GasLog deals Hong Kong-listed Chinese leasing company says it is vigorously developing its LNG chartering business
Maersk inks methanol bunkering deal with Shanghai port group SIPG Danish giant teaming with major terminals operator for green ship-to-ship operations in China
Editor's selection: EU backs world's first green fuel rules, Blood in the Euronav boardroom and Braemar snubs dark fleet deals Which stories have been setting the news agenda this week?
Japan's SBI Leasing reveals role in Flex LNG refinancing LNG carrier was refinanced using Japanese operating lease in sale and lease back deal
Maersk most active in idling container ships after demand slumps Danish operator tops list of carriers removing ships on east-west routes
Insurer Gard leverages ESG to help it stay ahead of the field Business plan is starting to pay dividends for the Norwegian mutual and its shipowners' members
Management reshuffle at Maersk Tankers follows pool losses Industry veteran Jesper Bo Hansen takes on top sales and service role after joining the company in December
Adding another bathroom to the house? Peter Evensen weighs in on dual-fuel propulsion The former Teekay leader stirs the pot with a panel of fellow commodores as the Connecticut Maritime Association prepares to honour Cesare and Paolo d'Amico
Marine engineer faces alcohol charge over Midshipman-X rape claim US Coast Guard documents say senior officer could face 12-month suspension while rape allegation is investigated
Pareto-backed start-up pays whopping $19m to rescue PSV from yacht conversion Tight markets mean offshore vessel offloaded to Laskaridis in 2021 is needed in the North Sea again
Engineer faces alcohol charge over Midshipman-X rape claim US Coast Guard documents say seafarer could face 12-month suspension while rape allegation is investigated
Torvald Klaveness hails strongest operating result for more than a decade Norwegian group says its focus will continue on bulker and combination carrier operations following boxship fleet sale
Flex LNG wraps up $2bn fleet refinancing despite market 'turmoil' Chief financial officer Knut Traaholt says company now has flexibility to further develop its operations
Excess US production to boost Navigator Holdings as dividend set to rise Clarksons Securities maintains 'buy' rating on world's biggest operator of midsize LPG carriers
Russian suspect facing oil smuggling trial in US flees from Italian home The whereabouts of the wanted son of a Russian governor are unknown
Shipping lawyer Chalos hits out at pro-sanctions pressure group and US sanctions enforcement Chalos & Co head says United Against Nuclear Iran's ties to US government are deep and influence sanctions policies
Greece's Athenian Tankers turns to China for chemical comeback The Greek tanker company opted to build ships in China for the first time
Ship inspection firm Idwal expands with private equity backing UK-based company will use funds to expand technology platform and global reach
Columbia calls a halt to joint-management venture with Tsakos Group Schoeller-controlled manager selling its shares in Tsakos Columbia Shipmanagement
Idan Ofer sees potential to double CoolCo's LNG fleet Fast-moving shipping magnate hot foots it from New York to Oslo for opening of new office for emerging new gas arm
Canfornav says cargo is US-owned as bulker cleared to load in Finland Authorities had investigated case involving the handysize Smew at Kotka
Maritime insurer Swedish Club champions Asia as major growth hub The insurance provider is beefing up its Singapore team as Asia accounts for 40% of its portfolio
Liner shipping stocks: The gift that keeps giving - but for how long? Stock prices and dividends keep rising despite a sharp fall in freight rates
Excess US production to boost Navigator as dividend set to rise Clarksons Securities maintains "buy" rating on world's biggest operator of mid-size LPG carriers
Russian facing oil smuggling trial flees from Italian home The whereabouts of the wanted son of a Russian governor are unknown
SSY jumps into Chinese LNG market with fresh Beijing broker hire Company poised to become 'first shipbroker with an active LNG representative in Chinese capital'
Canfornav says cargo is US-owned as bulker cleared to discharge in Finland Authorities had investigated case involving the handysize Smew at Kotka
Stars align as Norstar and Tristar team up on new chemical tanker venture Industry veteran Olav Ekeberg to head up Dubai-headquartered Norstar Chartering Services
CDB Leasing's LNG fleet hits double-figures with latest GasLog deals Hong Kong-listed Chinese leasing company says it is vigorously developing its LNG chartering business
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