Box ship giant to trial VentoFoil "wind assistance in a box" solution Ocean Network Express (ONE), the ocean carrier established in 2017 by Japan's K-Line, MOL and NYK, is launch of a new trial aimed at unlocking the potential of wind assisted propulsion. Following
Secure microservices architecture with K8s Why Kubernetes is an ideal orchestration platform to get the most out of microservices architecture
CN Photo Project: The Picture of the Week Container News wants to thank you all for your participation in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Week"! Title: Sailing in the wild sky sunrise - Photo taken by Henry Kadoch Be part of the CN Photo Project and stay tuned to see your photo posted on Container News as the next
Haropa Port and Verso Energy to develop low-carbon hydrogen production unit On 22 November, Haropa Port and Verso Energy, a renewable energy specialist, inked an agreement to establish an industrial unit to create low-carbon hydrogen and synthetic fuels in the Grand-Quevilly port region. The location will be near Grand-Quevilly, on the outskirts of Petit-Couronne, France on land owned by Haropa Port. This initiative will aid in the protection and strengthening of the loc
CMA CGM increases freight rates from Asia French ocean carrier CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The following increased rates will be effective from 15 December until further notice and will be applied to dry, out of gauge (OOG), paying empties and reefer cargo. 20'GP 40'GP/40'HC/40'REEFER Asia to North Europe US$1,100 US$2,000 North European ports incl
PUMA, new customer at Maersk warehouse in Croatia Maersk has announced the German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories PUMA is the second customer of its warehouse near Rijeka, Croatia. On Tuesday, 14 November, the local Maersk team inaugurated and successfully handled PUMA's first inbounds volumes through the company's dedicated warehouse in Croatia. Located less than 20
ABP CEO becomes new UK Major Ports Group chair The UK Major Ports Group (UKMPG) has announced that Henrik L. Pedersen, chief executive officer of Associated British Ports (ABP), will become its new chair. In his role at UKMPG, a trade association representing the voices of the UK's largest port operators, Henrik L. Pedersen will chair the Board of other member CEOs and provide strategic direction for the organisation as it champions the vital
Port of Gdansk completes construction of two storage and manoeuvring yards The construction of two storage and manoeuvring yards in the Inner Port has been completed, with a total area of approximately 20,000 m², as well as access roads, a railway track connector, and the necessary electrical, water and sewage, fire-fighting, and telecommunications infrastructure. All of the work has been done, and the grain warehouse acceptance procedure has commenced. Port of Gdansk A
Ex-Busan container rate index shows downward trends The KOBC Container Composite Index (KCCI) closed at 1,255 points on 20 November, according to Korea Ocean Business Corp. (KOBC). The index fell 0.55% from the previous week and has stayed on the decline for two back-to-back weeks. Freight rates for container exports from South Korea's Port of Busan went down 4.83% to US$1,814 per FEU to the US West Coast, down 1.03% to US$2,398 per FEU to the US
Filling larger ships is ZIM's challenge Israel-based ZIM Integrated Shipping Lines aims to fill its newbuildings that will replace expensive chartered tonnage with similarly expensive chartered ships, that are 50% larger vessels over the course of 2024. The company will see five vessels returned to owners this year and a further 34 going off-hire next year to be replaced by another 39 larger ships entering the fleet next year. ZIM EVP
Impala acquires HES Hartel Tank Terminal in Rotterdam Following an auction process, Impala Terminals Group, a multinational infrastructure and logistics firm, has agreed to buy HES Hartel Tank Terminal at the port of Rotterdam. Impala will provide an additional investment of around €90-100 million over the next two years to complete the terminal's construction, while the transaction is expected to be completed in the next days. The HES Hartel Tank T
PSA puts CrimsonLogic and GeTS under the same brand CrimsonLogic, a member of the PSA Group, has announced that from 1 January 2024, its wholly-owned subsidiary Global eTrade Services (GeTS) will operate under its brand. Established in 2016, GeTS has primarily focused on trade compliance services, offering customs clearance solutions such as "TradeWeb" for Singapore, Importer of Records, Business Process Outsourcing services, and a comprehensive s
HMM bid now down to two South Korean groups South Korea's Dongwon Group and Harim Group will be vying to take control of the country's flagship box line HMM. Dongwon, South Korea's largest fishing group, and Harim, parent of the country's largest dry bulk shipping business Pan Ocean, submitted their entries when the one-day tender closed at 5pm local time on 23 November. South Korean trading and logistics group LX International, which with
CMA CGM's Rodolphe Saadé invests in European AI research lab Kyutai, the first European private-initiative laboratory dedicated to open Artificial Intelligence research, was opened at Station F (Paris) in the presence of its scientific staff and three co-founders, Xavier Niel, Rodolphe Saadé, and Eric Schmidt. Kyutai is a non-profit laboratory committed only to open AI research. Its goal is to address the major issues of current AI, specifically by constru
Unifeeder launches new weekly container route connecting Copenhagen with three German ports Unifeeder has announced the launch of a new service connecting Copenhagen port in Denmark with three major German hub ports, Hamburg twice a week, Bremerhaven and Wilhelmshaven once a week. "The vast majority - currently close to 90% - of container goods arriving by ship to Zealand is handled by Copenhagen Malmö Port (CMP). The additional weekly Unifeeder call will ensure even better connectivity
Siem Offshore secures AHTS fixture in Australia Norway's Siem Offshore has signed a new contract for the anchor handling tug supply (AHTS) vessel to operate for an oil major in Australia. The deal secures firm utilisation for about one year with a further six-month option attached. Dayrates have not been disclosed. The Siem Sapphire is currently located in Singapore and the delivery ...
Somali pirates make their first return in years Picarate activity has been flagged offshore Somalia after many years and commercial shipping has been advised to remain outside the country's territorial waters due to the risk of "opportunistic armed robbery". An Iranian-flagged fishing vessel, Almeraj 1, has been hijacked by an armed Somali clan militia offshore Eyl, with demands of $400,000 in ransom and ...
Chinese rotor sail installations progress A Chinese rotor sail solution has been installed on a pair of ships, the latest in a fast growing array of wind propulsion options for shipowners and charterers to consider. Dealfeng New Energy Technology's rotor sails have been installed on a 5,000 dwt ship belonging to local owner Haiyue. The 16 m high sails are ...
Siem Offshore lines up long-term extensions for well intervention vessels at bumper rate Norwegian offshore vessel operator Siem Offshore has potentially lined up long-term extension deals for two well intervention units. The Cayman Islands-incorporated firm with its main offices in Kristiansand, Norway has inked a letter of intent with Houston-based offshore energy services company Helix Energy Solution for charter extension on the 2016-built Siem Helix 1 and Siem ...
Golden Ocean flips supramax Golden Ocean Group has revealed a deal to sell its only supramax. The John Fredriksen-backed dry bulk player said in its third-quarter earnings report that it picked up a chartered-in vessel and then sold it for $21.6m. Industry databases show the 2015-built 58,100 dwt has been on a long-term charter from Doun Kisen of Japan. ...
Danelec buys Nautilus Labs A swathe of maritime tech specialists are looking for new work following the acquisition of New York-based Nautilus Labs by Denmark's Danelec. Many staff at Nautilus Labs, a voyage optimisation specialist, were laid off last week with news filtering in today that Danelec has bought the company for an unspecified price. Danelec is best known ...
IMO annual budget set to top £40m for the first time The International Maritime Organization (IMO) Assembly, the United Nations affiliate's highest governing body, is due to meet next week with a packed schedule. The assembly consists of all member states and meets every two years at IMO's London headquarters to thrash out upcoming work programmes, budgets as well as electing the IMO Council. Outgoing IMO ...
Shearwater links up with Petrobras to reshape Brazilian seismic exploration and field developments Shearwater GeoServices and Brazilian national oil company Petrobras have entered into a collaborative technology agreement aimed at reshaping seismic exploration and field developments offshore Brazil. "This project aims to accelerate the exploration and development of the Brazilian fields, leveraging increased operational efficiency, innovative geophysical improvements and better control of
Awilco Drilling triumphs in second rig dispute with Keppel FELS Awilco Drilling has been successful in the second of two arbitration cases against Singapore's Keppel FELS over cancelled drilling rigs. The legal dispute arose from the termination of fabrication contracts for the Nordic Winter and Nordic Spring semisubs due to alleged breaches of contract. The Eric Jacobs-led firm became rig-less following the sale of its ...
Egyptian line makes rare resale move Egypt's National Navigation Company (NNC) has been revealed as the taker of a newbuilding that Croatia's Atlantska Plovidba sold earlier this month. A filing revealed that the European owner had offloaded a kamsarmax newbuilding with delivery in the first quarter of 2024. The 82,000 dwt ship named Aplovrijenac is one of four bulkers it has on ...
Just two bidders left in race to take over HMM Widespread reports in South Korea suggest the battle to take over HMM, the country's flagship line, now has just two parties interested with logistics group LX Group dropping out of the race. HMM's creditors, including state-run Korea Development Bank and Korea Ocean Business Corp, have put up for sale a stake of about 58% in ...
Sven Zaadnoordijk appointed new CEO of Radio Holland Radio Holland Group has appointed Sven Zaadnoordijk as its new chief executive officer, replacing Kees-Jan Mes effective from January 1. Zaadnoordijk steps up from the role of CCO, having joined the group in 2012 and spending most of his time with the company in Asia. Outgoing CEO Mes commented: "During the strategic development phase back ...
How to attract the brightest and the best in Hong Kong The final installment from our brand new magazine being widely distributed across Hong Kong Maritime Week. Like many other maritime centres worldwide, Hong Kong faces a 'war' for talent, especially as its existing pool of expertise is not expanding at a fast enough rate. It must therefore look to grow its own domestic workforce equipped ...
The Caravel Group: Cocktails mixed to celebrate 10th anniversary One of the social highlights of Hong Kong Maritime Week takes place tonight at the Four Seasons Hotel with the annual cocktails of The Caravel Group, which this year are also a moment to celebrate the tenth anniversary of the company's founding by one of the city's most famous names in shipping and commodities, Harry ...
Attica and Anek shareholders approve merger Attica's plans for incoming eight ships include installation of scrubbers on two Anek vessels
Caspian fleet grows to accommodate Russia's growing North-South transport corridor trade Over 50 more general cargoships, most Russia-flagged, were trading in the Caspian during the summer months
Aegean Shipping books two ice-class LR2s at Cosco Yangzhou Product tanker brace will joint Aegean's 'Green Fleet' comprising nine tankers and six bulkers on the water
Danish Ship Finance floats voyage performance index Danish Ship Finance suggests a voyage performance index would prepare shipping for a more expensive future, as it would reward...
Call for port authorities to support grid upgrades Electrifying container handling equipment is an easy win for decarbonising terminals. But it requires upgrades to supply networks that can...
Geopolitics and dark shipping to dominate IMO assembly Assembly to debate a resolution to address the dangerous and illegal shipping practices of a dark fleet of sanctions-circumventing tankers...
Türkiye, Romania and Bulgaria working to counter Black Sea mine threat Five merchant vessels have been damaged by a sea mine or been in the vicinity at the time of an...
Shipping's carbon challenge is a case of economic Darwinism The EU Emissions Trading System is going to be difficult and expensive for shipping. It is without doubt flawed and...
China floats idea of mega port to rival Singapore Multi-billion dollar project, including up to 50m teu of container capacity, envisaged as a strategic move to strengthen trade in...
Singapore launches first fully electric cargo vessel The vessel can cut operational costs by up to 50% compared with conventional vessels when factoring in energy efficiency and...
Container freight rates remain weak Carriers' efforts to reduce capacity are not showing significant rate rises. Hopes for a successful final GRI in December are...
Danish tech firm Danelec buys cash-strapped AI innovator Nautilus Labs After burning through $48m of Microsoft funding, the innovative AI platform developed by New York tech firm Nautilus Labs has...
Daily Briefing Industry anxiety grows as EU ETS draws near | EU makes final ETS clarifications ahead of implementation | Euronav charts...
Has Christmas come early? Capesize spot market sees biggest one-day index rise in two years Tighter vessel supply-demand dynamics, especially in the Atlantic, have driven a rapid rise in spot rates
VLGCs give up on Panama Canal as journey times stretch by half Nearly all large gas carriers are rerouting due to congestion at key waterway
Carnival denies UK 'fire and re-hire' plan and pledges to work with Nautilus union Joint statement removes threat of redundancies from 919 workers
Editor's selection: Saverys cement Euronav takeover, shipping sucked into Gaza War, and is the VLGC dead? ... Long live the VLAC! TradeWinds looks back at some of the leading stories making news this week
Confirmed death toll rises from Turkish Black Sea shipwreck No survivors have been found so far
Atlas suezmax orderbook at DH Shipbuilding climbs to six ships Greek owner beefs up his newbuilding programme with South Korean yard by two more units
Trafigura venture to pump at least $100m into new Rotterdam VLCC terminal Impala Terminals buys insolvent HES Hartel site at auction
Container lines to bear brunt of $7bn European emissions scheme cost More than one-quarter of emissions allowances will be paid by the liner sector, but how?
Aponte's MSC fixes $345m loan to help refinancing efforts at shipowner Moby Shareholder financing will allow ropax group to repay other debt
Torm buys again as it takes back MR tankers from Japanese owners Sale-and-purchase spree goes on as more sold tankers are also named
Two bidders left standing in battle to take over huge $8.5bn HMM fleet South Korean media report privatisation has narrowed to a fight between Dongwon and Harim group
Regional Container Lines profits plunge 90% in 'challenging circumstances' Intra-Asian feeder operator sells older vessels as freight rates fall further
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
Maersk shuts down Syrian operations due to sanctions challenge Line says business activity has become too restricted
Tonnage provider Seaspan dodges boxship sector implosion Long-term charters are protecting giant tonnage provider from slump in rates, so far
Terminal puzzle: Focus turns on ports as shipping looks to optimisation to cut emissions Cargill Ocean global operations director says data transparency and standardisation are key to unlocking reductions
European Energy looks to expand green e-fuels footprint to Brazil Danish company says tie-up represents a significant stride towards the development of green e-fuels in the region
Torm buys again as it takes back MR tankers from Japanese leasing companies Sale-and-purchase spree goes on as more sold tankers are also named
Galaxy Leader owner and manager say crew welfare is priority as they seek the vessel's release Ray Car Carriers and Stamco exploring all possible channels to ensure seafarers' safe return
Russia rails against political retaliation at IMO Assembly is set for vote that could remove Russia from key body
'Remarkable accomplishment': Teco 2030 hails first zero-emission power from hydrogen fuel cell Norwegian company moving towards first ship installation as early as next year
Gallagher puts P&I market in perspective in YouTube video Insurance broker discusses the need for clubs to give back underwriting authority to regional outposts
Crew rescued from partially capsized cargo ship that grounded off Philippines Oil sheen contained by booms
Egypt's National Navigation resumes buys after 17-month pause State-owned dry cargo player steps up fleet renewal in $38m kamsarmax resale deal with Atlantska Plovidba
VLGC owners give up on Panama Canal as journey times stretch by half Nearly all large gas carriers are rerouting due to congestion at key waterway
Two bidders left standing in battle to take over huge $8.5bn HMM fleet South Korean media report privatisation has narrowed to a fight between Dongwon and Harim group
Capital Gas nets term business for latest LNG carrier secondhand buy Greek shipowner has fixed out all its three steam turbine vessels
Insurer Canopius lifts the lid on shipping's growing war risks Survey shows geopolitical issues are top of list of the marine insurance industry's current and future concerns
Danelec snaps up Nautilus Labs in move to marry optimisation software with onboard tech Sale to Danish company emerges after several employees say they were let go by US-based digital technology firm
Angad Banga steps up to lead Hong Kong Shipowners Association Swire Shipping's Richard Hext installed as deputy chairman at one of the world's largest shipowner trade bodies
Ocean Yield not worried about container ship charter risk as first newbuild delivered Sale and leaseback company says operators have strong cash positions despite sector slump
Union accuses Carnival UK of threat to fire and rehire over 900 crew Nautilus says proposals could lead to some losing up to 20% of their annual take-home pay
'Dire' scenario for shipping lines more likely as spot rates fall back Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
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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