Parallel-hybrid CTV goes to work at German offshore wind farms Singapore's Penguin Shipyard International has delivered the first crew transfer vessel (CTV) to use Volvo Penta's new parallel hybrid system together with IPS propulsion. Designed by Incat Crowther for Emden, Germany based
CMA CGM suspends Mersin port call on NC Levant Express service Following recent significant congestion at Mersin port in Turkiye, which is not likely to ease soon, CMA CGM announced that its NC Levant Express service will no longer visit Mersin port until further notice. "Above decision is taken to keep and maintain the schedule reliability and service integrity of NC Levant Express which is heavily impacted by the average two weeks congestion in Mersin," no
FBX sinks to pre-pandemic levels, SCFI roughens up The Freightos Baltic Index (FBX) sunk to US$1,297 breaching the psychological mark of US$1,300 on the downside as per the latest quote on 23 June 2023. With this, the index officially breached the pre-pandemic mark settling below the mark of US$1,315 which it hit on 6 December 2020. The weekly loss of 7.29% is the third-worst weekly movement in 2023. The transpacific rates which have been losing
AD Ports Group enters drydocking and repair market AD Ports Group and Premier Marine Engineering Services LLC (Premier Marine), a UAE-based shipyard company specialising in ship building and repair services to marine and offshore industries, announced the formation of a new joint venture, SAFEEN Drydocks. More specifically, the joint venture is structured as 51% ownership by AD Ports Group and 49% by Premier Marine. The hub of SAFEEN Drydocks' op
ISWAN launches survey to understand decarbonisation impact on seafarers Seafaring has seen massive technical transformation in recent years, as the marine sector continues to respond to the climate emergency and the urgent need to decarbonize shipping. The International Seafarers' Welfare and Assistance Network (ISWAN) is worried that the changes occurring in the marine industry to reach net zero carbon by 2050 may be putting additional strain on seafarers' mental he
Rail Cargo Group inaugurates first open rail service between Rijeka and Budapest Rail Cargo Group (RCG) has established a new regular common user rail service connecting the Croatian port of Rijeka to Budapest in Hungary via the Adriatic Gate Container Terminal (AGCT). While several rail services run between Rijeka and Budapest, they are mainly reserved for private customers. The new rail service is a common user service, allowing freight forwarders and individual customers t
Hong Kong seizes 15 containers in record contraband haul In the biggest haul of smuggled goods so far, Hong Kong customs officials seized 15 containers holding HK$1.5 billion (US$191.5 million) of contraband goods. The containers were in Hong Kong's Kwai Tsing Container Terminal, awaiting transshipment to China via Singapore. Customs officers intercepted the containers just before the boxes were to be placed on a Singapore-bound ship-the smugglers reso
Valenciaport uses AI technology to manage truck flow Valenciaport advances its digitalisation goal by making its ports pioneers in applying Artificial Intelligence (AI) in land traffic management. The port authority has created software with the construction communication platform Nextport that estimates the number of trucks that will travel through its docks, which terminal they will use, and whether they will load or discharge the vehicle. The ne
PIL starts new service to enhance Yemen coverage Pacific International Lines (PIL) has announced the launch of new Intra-Redsea Feeder 2 (IR2) service with a direct call to Hodeidah in Yemen. IR2 complements PIL's existing Intra-Redsea Feeder 3 service (IR3) which covers Aden in Yemen. With this new service of IR2, PIL will expand its presence in Yemen. More specifically, IR2 will commence on 29 June 2023 from Djibouti, served by PIL's vessel K
MSC announces rotation changes in Far East - North America services Swiss/Italian container line MSC has decided to change the port rotation of two services connecting the Far East with the United States and Canada. MSC's Santana service port rotation will be updated as follows: Haiphong (Vietnam) - Shanghai (China) - Ningbo (China) - Busan (South Korea) - Manzanillo (Mexico) - Cristobal (Panama) - Caucedo (Dominican Republic) - Port Everglades (US) - Baltimore (
Maersk expands methanol-powered orderbook with six additional ships Maersk has confirmed an order of six mid-sized container vessels with dual-fuel engines able to operate on green methanol at Singapore-based Yangzijiang Shipbuilding Group, which will build the six 9,000 TEU ships. The delivery of the methanol-powered vessels is scheduled to start in 2026 with the last ship expected to be delivered in March 2027. All of them have dual-fuel engines making them abl
ONE enhances reefer fleet with Carrier's Lynx Fleet solution Singapore-headquartered ocean carrier Ocean Network Express (ONE) has decided to install Carrier Transicold's LynxTM Fleet solution onto its existing fleet of Carrier reefer containers. Lynx Fleet will be installed with the latest features, including Reefer Health, which comprises Carrier's technology to monitor near-live reefer unit performance as well as up to a 72-hours forecast, providing adde
Konecranes acquires industrial crane service firm to strengthen Nordic network Finnish port equipment manufacturer Konecranes has announced the acquisition of the industrial crane service operations of Norway's Munck Cranes AS. Konecranes believes this new deal will strengthen its Nordic operations and give access to new customers and a large installed base of Munck's industrial cranes in Norway and beyond. Munck Cranes AS is an industrial crane and crane service provider i
Port of Oakland adds geothermal to clean energy portfolio The Port of Oakland's Board of Port Commissioners agreed to purchase up to US$13.5 million worth of geothermal energy over 12 years. The geothermal energy purchase begins on 1 January, 2025 and runs through 31 December, 2036, and will average around US$1,125,000 per year. "Geothermal will account for about 10% per year of our overall energy portfolio to power the port and its customers," said Por
Environmentally friendly storage cranes launch operations at Hamburg box terminal The ongoing electrification of the storage area at Hamburger Hafen und Logistik AG (HHLA) Container Terminal Burchardkai continues with the start of operations of four new modern storage blocks. The purpose of this switch is to drive forward the decarbonisation of workflows as well as the reduction of emissions at the port of Hamburg in Germany. Moreover, the four new storage blocks were graduall
The Netherlands and Namibia sign green hydrogen MoU A Memorandum of Understanding (MoU) was signed by the Port of Rotterdam Authority, Invest International, Gasunie, and Hyphen, as well as the Namibian Implementation Authority Office, Namport, and Nampower. The organisations highlight their intention to collaborate on the development of cooperation for green hydrogen-related infrastructure, which will result in new hydrogen supply chains from Lude
Braemar shares to be suspended as investigation into 2013 case delays annual results Despite readying its books for what it maintains will be record results, the British shipbroker, Braemar, has conceded it will likely have to suspend its shares on the London Stock Exchange due to delaying its annual results over an investigation into a 2013 transaction. Braemar said that the company's auditors have been carrying out an ...
Shipping shown path to halve emissions this decade The global shipping industry can reduce emissions by nearly 50% by the end of the decade, according to a new study by CE Delft. These findings come as the International Maritime Organization (IMO) is about to reach an agreement on climate targets to reduce greenhouse gas emissions from ships in July. The analysis shows that ...
LR1 acquisition takes the Beks fleet to 40 ships Turkey's Beks Ship Management ascends to the 40-ship mark with its latest purchase. Tycoon Ali Bekmezci has tabled some $18m for an LR1 tanker, adding the 2005-built, 75,000 dwt from Greece's Benetech Shipping. For comparison, Beks added a sister ship, named Gulf Pearl, and subsequently renamed Beks Bebek for $20.4m in May. Beks Ship Management ...
Hydrogen plant on the cards for Europe's largest inland port The Port of Duisburg (Duisport), Europe's top inland port, has teamed up with French renewable hydrogen producer Lhyfe to look into the feasibility of building the first major electrolysis plant in the port. The planned factory would have a capacity of up to 20 MW and could be built on a plot of land owned ...
Costamare takes GoodBulk cape John Michael Radziwill-led GoodBulk has let go of another capesize, sealing its eighth ship sale in the year to date. Multiple brokers report the sale of the 2011-built, 175,000dwt , with Costamare tipped to have paid $22m for the Jinhai Heavy-built vessel. A few months back, the similar sized, one-year-older, New Times-built Rosebank fetched $23.2m ...
Relief as torrential rain hits Panama The rains have come to Central America, providing some good news for supply chain planners around the world. Due to the return of the wet weather, the Panama Canal Authority has been able to postpone further draft restrictions which had been due to take place yesterday and on July 9. Further torrential downpours are forecast ...
World Maritime University publishes technology road map through to 2040 Stakeholders from across maritime are meeting in Manila today to discuss shipping's shortage of staff at sea. Splash readers keen to get a sense of where shipping is heading tech-wise can take a look at a unique technology road map (see below) published today as part of a detailed, 230-page report penned by the International ...
Maersk moves deeper on methanol with six newbuilds at Yangzijiang Danish liner giant Maersk has added to its growing orderbook of methanol dual-fuel containerships with a deal for a sextet of 9,000 teu vessels at Yangzijiang Shipbuilding in China. Maersk set the ball rolling on methanol-fuelled newbuilds in 2021 with a series of 16,000 teu units plus one feeder in South Korea as part of ...
Macron's shipping carbon levy plans kept alive by new EU proposal Even though efforts by French President Emmanuel Macron to find support for a global carbon tax on the shipping industry failed last week, the measure is still on the table as the European Union has proposed new measures ahead of the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC) meeting next month. Macron has ...
MSC tipped to bid for Italian air cargo operator Italian newspaper Il Corriere della Sera is reporting cash-rich Mediterranean Shipping Company (MSC), the world's largest containerline, is tabling a bid for Italian air cargo operator AlisCargo. Milan-based AlisCargo operates four Boeing 777-200ER P2F aircraft, and crucially for MSC, it has an air operator certificate (AOC), something MSC is keen to get following the launch ...
Valenciaport uses AI to predict the flow of trucks Valenciaport and AI specialist Nextport have developed an artificial intelligence tool assisted by data technology professionals, which will adjust the traffic of cargo vehicles in Valencian ports. The tool, which is in the pilot phase, is fed by the data managed by Valenciaport and is crossed with other variables such as holidays by country or ...
Seadrill mulls sale of jackup trio in Qatar Seadrill is looking to sell three jackup rigs and an equity interest in its Qatari joint venture, Gulfdrill. The New York- and Oslo-listed rig owner said it is in active talks with undisclosed buyers for the West Castor, West Telesto and West Tucana. The trio is on bareboat charter to Seadrill's 50/50 JV with Gulf ...
Hengli Heavy Industry secures order for eight bulkers The shipbuilder has inked deals for almost 30 new vessels in the past four months
Policy bank parent puts CDB Leasing up for sale Potential disposal could offer greater flexibility for the Chinese lessor to engage in operate leases to further develop its own...
Former CNPC and China Shipping official Xu under investigation He also served at China Shipping Group before its merger with Cosco
Appeal court decision in Unicredit v Euronav does not create reliable precedent, lawyers warn Italy-headquartered bank is applying directly for a UK Supreme Court hearing
Yara postpones clean ammonia IPO on limited cash needs before 2025 Yara Clean Ammonia plans to start production of renewable hydrogen-derived ammonia this year at its pilot project in Norway, while...
Panama Canal Authority withholds restrictions after favourable weather Dry conditions have led the Panama Canal Authority to roll out increasing draught limitations, but much-needed rainfall has postponed restrictions...
Hong Kong Convention set to enter in to force as all conditions are met The addition of the world's largest ship recycling nation and second-largest flag state means that the Hong Kong International Convention...
China to import more wheat as rains ruin harvests The extra demand by China is expected to benefit the mid- and smaller-sized bulk carriers, with the potential for longer-haul...
The success of IMO's new emission-reduction strategy hinges on a well-to-wake approach Writing exclusively for Lloyd's List, a coalition of senior industry leaders argue that governments must consider the entire energy supply...
Braemar to seek share suspension from Monday Company still on course to double profits this year, statement insists
Speed reduction, wind propulsion and green fuels could halve shipping emissions by 2030 Shipping emissions could halve by 2030 using measures such as speed reduction, wind-assisted propulsion and higher uptake of zero-emission fuels...
The week in charts: Shipbuilding's margins set to increase | Dry bulk shipping losing patience with China | Handysize loads in Crimean port of Feodosia Maersk plans first-ever methanol-fuel boxship retrofit, Sevastopol to get new terminal according to a local official and a dozen Greek...
Regulation: All eyes on the IMO's greenhouse gas strategy MEPC80 is at the top of shipping's global regulation agenda in 2023; the outcomes could shape the industry and influence...
Fossil fuels still dominate total consumption, energy review confirms Fossil fuels' share is 'stubbornly stuck' at 82%, says Simon Virley, head of energy and natural resources at KPMG. This...
The week in newbuildings: Maersk and CMA CGM boost total methanol-fuel boxship orderbook to 109 ships CMA CGM has signed up for 12 ultra-large containerships, while Maersk has confirmed newbuilding contracts for six mid-sized units. All...
Norden completes acquisition of Thorco Projects Thorco Projects becomes part of Danish bulker and tanker heavyweight Norden, giving it access to new customers within the general...
Daily Briefing Handysize loading in Crimea points to expanding Russian grain operations | China's lacklustre stimulus and weak recovery exhausts dry bulk...
Tanker shipping expected to benefit from pent-up jet fuel demand Tanker shipping is estimated to benefit from the continued growth of jet fuel consumption, which will stimulate more crude oil...
Number of blank sailings falls to pre-pandemic levels At one point up to 25% of Asia-US west coast sailings were blanked. Now the market has returned to normal...
Senators look to rein in longshore work actions with change to US labor laws The legislation comes less than two weeks after West Coast waterfront employers and the ILWU struck a tentative deal for a new labor contract after 13 months of contentious talks that saw the union slow down port operations on numerous occasions.
Deploying Nginx for Elastic IP How to deploy Nginx on multiple servers and report the name of the server using Elastic IP
Congressman adds ban of China shipping data platform to Defense budget Scrutiny of China's access to US maritime data is rising, with a US congressman targeting China's state-sponsored shipping platform in a Defense Department budget amendment.
Maersk adds six ships to expanding methanol orderbook Methanol will play a leading role in enabling the carrier to meet both its interim and long-term emissions reduction goals as it charts a course for decarbonization.
Net-zero shipping in IMO crosshairs as key London meetings begin The IMO's working group on emissions has gathered ahead of MEPC 80 next week to discuss proposals on the level of ambition required to decarbonize shipping and the measures required to get there.
Danaos questioned on Eagle Bulk investment as investor touts alternatives Connecticut owner Eagle getting largely positive reviews on purchase of Oaktree shares, but some critique of favoritism
Carnival beats estimates as it rolls out Sea Change programme New York-listed owner plans to achieve investment-grade credit rating by end of 2026
After 14 years global recycling rules to enter into force as Liberia and Bangladesh sign After a long wait, the international ship recycling industry will finally be regulated globally
EU prods nervous financiers and unwilling enforcers with new Russia sanctions Experts say the latest measures are aimed at persuading nations to act when they have evidence of sanctions evasion
Recycling convention to enter into force as Liberia joins Bangladesh in ratifying After 14 years of tyring, the international ship recycling industry will finally be regulated
Political veteran Miltiadis Varvitsiotis returns to Greek shipping ministry Scion of political dynasty becomes shipping minister for the second time in a decade
Podcast: What the Eneti-Cadeler merger says about the hot WTIV market M&A transaction to create wind turbine installation vessel giant is just one deal that highlights market tightness
End of Brazil tax to boost VLCC trade, says Tankers International Pool operator says low newbuilding numbers provide support of the largest crude carriers despite Saudi cut
CMA CGM opts for LNG fuelling on its latest ultra-large container ships Liner company spreading fuel choices but homing in on LNG as top choice for larger vessels
Citibank still refusing to handle Sovcomflot bond payments as debt is cut Sanctioned Russian shipowner down to $51m of 2023 series still held outside Russia
Shipping can cut emissions by 28-47% by 2030, says CE Delft report Analysis suggests cuts can come at relatively low cost from slow speeding, wind assisted propulsion and 5-10% use of zero-emission fuels
London Club reports $50m deficit after investment and underwriting losses Managers believe significant rise in insurance rates and derisking will help the club rebound
Prow Capital says finance gap still exists as big banks chase listed owners Dutch finance house has money to help smaller shipowners with the energy transition
Oil trading uncertainty persists, despite Russia coup fizzling out Tanker equities down in early trading in Europe as Russian exports could be hobbled by fragile political situation
Tufton Oceanic insiders snap up more stock in London-listed owner Principals, staff and former investors acquired more than 1m shares in fund last week
Twenty-one year-old LNG steamship swells numbers now up for sale Details of former Brunei LNG carrier emerge onto market
Hamburg Sud container ship hit by engine fire that spread to boxes The Monte Sarmiento was towed into port after losing power
Up at 3am with the baby: The challenging story behind an automated voyage The pandemic made an autonomous vessel project between Japan's NYK Group and Israeli technology firm Orca AI much more demanding
AD Ports launches new joint-venture shipyard at Khalifa Port Abu Dhabi-based ports and shipping group teams up with Premier Marine on new shipbuilding and repair venture
GasLog LNG carrier starts work as FSU for new Caribbean breakbulk project New Fortress Energy and Ocean Point Terminals team up on US Virgin Islands facility
Turkish port alert after MPP arrives from Russia with suspected mine attached Part of Black Sea terminal evacuated
Maersk goes large in $1.15bn methanol dual-fuel container ship newbuilding deal First methanol dual-fuel boxship contract for Chinese yard
AP Moller-Maersk goes large in $1.15bn methanol dual-fuel container ship newbuilding deal The contract marks the first methanol dual-fuel container ship contract for Singapore-listed Yangzijiang
Vernicos Scafi enters 'new era' with first tug newbuilding order Expansion with the modern unit crowns long-term strategy of consolidation in the Greek tug and salvage scene
Braemar shares to be suspended as annual result delayed amid probe into 2013 deal Board 'not comfortable' with the way historic transaction was presented, and the remaining liability arising from it
Saade family fortune hits $21.6bn as investment company changes managers Former CMA CGM finance chief Michel Sirat takes over from Joseph Dakkak at Merit France
AP Moller-Maersk goes large in $1.5bn methanol dual-fuel container ship newbuilding deal The contract marks the first methanol dual-fuel container ship contract for Singapore-listed Yangzijiang
AD Ports to launch new joint-venture shipyard at Khalifa Port Abu Dhabi-based ports and shipping group teams up with Premier Marine on new shipbuilding and repair venture
MM Warburg's $150m shipping credit fund ready for take-off Roadshow to kick-off shortly as German bank looks for partners to fuel growth
Shiling set for harbour trials in step towards departure for Singapore This will be followed by more vigorous trial outside of harbour, says New Zealand maritime regulator
Asset-light Maersk Tankers grows fleet on the back of Asian shipowners Danish tanker player expands in Singapore as Asian-owned vessels comprise nearly a third of its fleet
Seapeak bites bullet with second LNG carrier demolition sale of 2023 Sistership will be fifth LNG vessel to be scrapped this year, with three of these sold for Hong Kong Convention compliant recycling
Finally! Hong Kong Convention expected to be mandated today Bangladesh and Liberia expected to hand over ratification documents to IMO secretary general Kitack Lim in London
Asset-light Maersk Tankers grows fleet on the back of Asian owners Danish tanker player expands in Singapore as Asian-owned vessels comprise nearly a third of its fleet
Jet fuel demand yet to reach pre-Covid levels as Chinese stay at home, says Poten However, longer-term demand will improve as international flights from China continue to recover
How could sooner-than-expected Russian defeat impact shipping? The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
Port of Cleveland attempts to punch above its weight The Port of Cleveland thinks it has the capabilities to grow its footprint.
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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