HOS to acquire six OSVs from Chouest affiliate Hornbeck Offshore Services Inc. (HOS) reports that it has entered into a definitive vessel purchase agreement with Nautical Solutions LLC, an affiliate of Edison Chouest Offshore, to acquire a total of six
BC Ferries receives funding to avoid fare hikes The British Columbia government is pumping CAD 500 million (about US$369 million) of new funding into BC Ferries. The aim is to lower fare increases for users of its coastal ferry service.
Chevron signs up for LNG fleet modification project Singapore's Sembcorp Marine Repairs & Upgrades Pte. Ltd has signed an agreement that will see it install a range of new technologies in Chevron Shipping Company LNG carriers. Chevron is looking to
HHLA Project Logistics inaugurates new office in Kazakhstan Hamburger Hafen und Logistik AG (HHLA)'s subsidiary HHLA Project Logistics has opened a new office in Kazakhstan with a celebratory event on 23 February. HHLA said the new office further expands HHLA Project Logistics' network, which already extends across the Caucasus region. HHLA noted that its subsidiary offers specialist transport solutions for the entire Caucasus region and neighbouring area
Hapag-Lloyd, Shell ink multi-year LNG supply agreement Shell Western LNG B.V and Hapag-Lloyd signed a multi-year agreement for the supply of liquefied natural gas (LNG) to the German carrier's ultra large dual-fuel container vessels of 23,500+ TEUs. Bunkering for these twelve new container ships, which will be deployed on Europe-Far East routes, is expected to commence during the second half of 2023 and LNG will be supplied in the Port of Rotterdam.
Kaohsiung eyes volume recovery with No. 7 Terminal Taiwan's key container port Kaohsiung is eyeing volume growth as the No. 7 Terminal, which will be operated by Evergreen Marine Corporation, is slated to open in May. Taiwan International Ports Corporation, the state-controlled port owner, gave a preview of the facility on 24 February. The first phase, covering S3B to S5 wharves, and some backline sites are expected to be completed on May 5. The
SASS, Heron AirBridge and CWT Aerospace partner on maritime drone deliveries A Memorandum of Agreement (MOU) was inked by the Singapore Association of Shipsuppliers and Services (SASS), Heron AirBridge, and CWT Aerospace. The new collaboration aims to highlight the advantages of maritime drone operations, such as reduced lead times, an alternative transportation method if boats are not allowed in bad weather, sustainability, and the increased technological advancement of
CN analysis: Freight rates on India trades continue to cool amid demand challenges The ongoing rate slide on Indian container trades is showing no sign of a reversal, according to the latest market analysis by Container News . On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have dropped to US$1,000 per 20-foot container and US$1,
Autotrading in Metatrader 4. How does it work? A trader who has a proven profitable strategy can make it easier for himself to make a profit. For this, there are trading automation algorithms: the strategy is transferred to the program code and robots or advisers are created that open deals without human intervention or significantly reduce the time for analysis by finding and highlighting the trading signal. Let's talk in more detail about h
APM Terminals' Vessel Inspection App relaunched APM Terminals' Vessel Inspection App has been relaunched this February. This time, the app has new features to further support safe working environments for stevedores and other terminal staff. Moreover, this app is available in six languages: Arabic, English, French, Georgian, Portuguese and Spanish. It also takes inspectors through a standardised eight-step procedure, ensuring consistent, compa
SSY brings in Roar Adland as new head of reseasch UK shipbroker Simpson Spence Young (SSY) has appointed one of the leading shipping experts, Dr Roar Adland, to the position of global head of research. A shipping professor at the Norwegian School of Economics and a former Clarksons man, Adland will join SSY in May this year. Stanko Jekov, SSY's managing partner, said the company ...
Sea Pioneer returns to Japan with kamsarmax orders at Oshima Greek owner Sea Pioneer Shipping has returned to Japan with a deal for the construction of three kamsarmax bulk carriers at Oshima Shipbuilding. Industry sources say the Vasilis Bacolitsas-led company paid around $114m for the 81,800 dwt trio set to deliver in the third and fourth quarters of 2025. The deal marks Sea Pioneer's second ...
Simon Møkster fixes PSV to Equinor Norwegian shipowner Simon Møkster Shipping has won a new contract from Equinor for its platform supply vessel . The 2003-built vessel has been fixed to Norwegian energy major for six months. The deal comes with options, which have not been specified. The LNG dual-fuel vessel has been on contract with Equinor for many years supporting ...
Leadership change at PXGEO Peter Zickerman's marine geophysical service provider PXGEO has appointed Tony Bowman as the company's new chief executive officer. Bowman, a former Schlumberger executive, will take the helm on April 3, 2023, replacing Duncan Eley, who decided to resign and leave the company. During his almost 30-year tenure with Schlumberger, Bowman held a number of senior ...
Al Seer adds Kawasaki LPG/ammonia carrier to growing newbuild orderbook Fast-growing Al Seer Marine has booked another gas carrier newbuild as part of its ABGC DMCC joint venture with Dubai-based energy trader BGN International. The ADX-listed subsidiary of the International Holding Company (IHC) announced an order worth around $90m for an 86,700 cu m liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier at ...
Taylor Maritime sells open hatch bulk carrier London-listed Taylor Maritime Investments has let go the , a 33,200 dwt open hatch, Kanda-built bulker for just under $14m. The Edward Buttery-led company had bought the ship in 2018 for $12m. Taylor Maritime was established in 2013. It has since targeted Japanese-built handysize and supramax vessels for its growing fleet. The company has one ...
Beks bags more tankers Istanbul-based Beks Ship Management and Trading, one of last year's most active Turkish owners in the secondhand market, shows no sign of slowing down. Sources tell Splash that Turkish tycoon Ali Bekmezci has made several moves in the wet sector after starting the year adding his first newcastlemax, the 206,000 dwt Cape Maple. New additions ...
A.P. Moller Capital sets up in Singapore A.P. Moller Capital has established a new office in Singapore and is ramping up its investment programme in the South and Southeast Asia region, aiming to commit over $750m in capital commitments into infrastructure platforms in the region. A.P. Moller Capital, an asset manager and part of the A.P. Moller Group, manages over $1.5bn and ...
Hartshead lining up platform and jacket contractors for UK gas project ASX-listed Hartshead Resources has kicked off the pre-qualification process for the platform and jacket contract for the Anning and Somerville gas fields in the UK Southern North Sea. The company said it has a "long list" of eight UK and EU-based contractors for engineering, procurement, installation and construction (EPCI) deal, with plans to issue an ...
Pioneering floating wind project off Wales presses ahead Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group, has secured a marine licence for the 100 MW Erebus floating offshore wind project in Wales. Erebus, Wales' first planned floating wind farm is located approximately 40km off the Pembrokeshire coastline and will house seven 14MW turbines on WindFloat floating platforms, providing enough ...
Yinson invests in Norwegian autonomous shipping startup Singapore-based Yinson Green Technologies (YGT), part of Malaysia's Yinson Group, has made a strategic investment in Zeabuz, a Norwegian startup specialising in autonomous shipping services. YGT said the investment will allow it to work with Zeabuz in the development of autonomous solutions for its future fleet of electric vessels. Founded in 2019, Zeabuz has developed ...
Covid restrictions still frustrating many at sea The world is by and large living in a post-covid environment with life back to normal. Not at sea, however, where some restrictions remain in place. There are still a few seafarers working beyond their contracts, and the odd covid flare-up, such as in China at the start of the year, has some port states ...
Kim Heng snaps up nine bargain OSVs Singapore offshore vessel operator and marine engineering services provider Kim Heng has picked up nine secondhand ships for a bargain price of $9.28m. The company's 49%-owned indirect subsidiary, Ruhm Mazu Sdn Bhd, has agreed to the purchase of one 400-pax accommodation barge, one special service offshore support vessel, four anchor handling tug supply vessels and ...
FESCO launches India service FESCO, Russia's top container name, is increasingly seeking routes to the country's most important trading partners in the wake of many markets shutting shop to the warring country. FESCO's latest service offering departs Novorossiysk, and calls at Ambarli in Türkiye, and on to Nhava Sheva and Mundra in India. FESCO's Indian Line service will have ...
Ukraine to establish $500m ship insurance fund In a bid to get more grain exports moving, Ukraine's parliament has approved a $500m insurance fund to offer compensation for any ships damaged calling at its ports. Ukraine is gearing up to renegotiate the terms of the Black Sea Grain Initiative, a deal with warring foe Russia created in July last year which allows ...
EU targets shipping in latest package of Russia sanctions The European Union approved a tenth package of Russia sanctions on Friday with shipping very much in the sights of politicians. Sun Ship Management, the Dubai-based manager of the Sovcomflot fleet, is part of the new sanctions as is the Russian National Reinsurance Company (RNRC) and Atomflot, which manages Russia's icebreaking fleet. "Dubai has become ...
Chevron announces lower carbon LNG fleet modification project with Sembcorp Marine Chevron has tasked Singapore's Sembcorp Marine with a contract to reduce the carbon intensity of the oil major's LNG fleet operations. Under the agreement, new technologies including reliquefication systems, hull air lubrication, and gas compressors will be installed on Chevron's LNG fleet. Together, these changes are expected to reduce cargo boil-off, lower fuel consumption, and ...
Canada tightens ballast water regulations Canada's Minister of Transport Omar Alghabra last week announced funding of C$12.5m ($9.2m) to launch the Ballast Water Innovation Program, part of its Oceans Protection Plan. The program, a central component of the Government of Canada's efforts to advance the implementation and enforcement of the 2021 Ballast Water Regulations, will play an important role in ...
Euronav must survive to be sustainable, warns De Stoop Euronav campaign urges shareholders to vote against CMB's 'fundamentally flawed' diversification strategy ahead of crucial shareholder showdown on March 23
American Club, Skuld and Steamship hail strong renewals Only two of the eight P&I mutuals to unveil performance to date have shown a drop in entries, with four...
Bangladeshi ship recycling makes a comeback Bangladesh has been limited in its ability to compete with India for the purchase of large vessels for recycling due...
Black Sea grain initiative monitor resumes operational updates The new updates have been amended to include information on fertiliser exports, but omit other details
Insurance details on sanctioned Russian tankers remain unclear 'In case of a pollution or navigation incident, one can wonder how damages will be recovered by any third parties...
Golden Ocean chief sees signs of China's comeback Shipowners do not need extraordinary demand growth to see attractive returns given low fleet growth across all segments, says Ulrik...
The week in newbuildings: Orders valued at $2.1bn signed Orders for five bulk carriers, six boxships, three gas tankers and eight product tankers have recently been reported by shipbuilders...
The week in charts: More boxships head for recycling | Trapped ships in Ukraine | Vessels deflagged by Panama reflag with Iran Bulkers departing Russia's major coal ports mostly owned by Greeks, Japan's LNG importers switch to Middle East and Asia suppliers...
Sembcorp Marine to cut Chevron LNG fleet's carbon footprint Sembcorp Marine will provide Chevron with engineering, procurement, installation and commissioning services. Work should be completed by mid-2025
Can Singapore be a leading green maritime hub? With Singapore already a leading maritime hub, the government is keen to catalyse change within the industry as it sets...
CSSC Shipping sets up ESG committee Move comes after Chinese shipyards win more orders for greener vessels featuring dual-fuel propulsion systems
Daily Briefing Do the legal trade with Russia. But stay the right side of the line | The Lloyd's List Podcast: Why...
TPM23: Trans-Pacific shippers warned of wave of spring blank sailings If container lines don't significantly blank capacity in March and April, spot rates on the eastbound trans-Pacific will fall further, according to the CEO of Sea-Intelligence Maritime Analysis.
TPM23: US can't quit China, but trade needs to de-risk: Petraeus US shippers are entering an era of greater risk in China trade, retired Gen. David Petraeus warned, but the two largest global economies will remain linked despite moves to source goods elsewhere.
TPM23: Resilient US economy may avoid recession in 2023: economist The forecast for the US and global economies is brighter than a year ago, with reduced risk of recession, thanks in part to the "decongestion" of supply chains, economist Nariman Behravesh said at TPM23.
Hapag-Lloyd inks LNG deal to power incoming mega-ship fleet Hapag-Lloyd is the latest carrier to sign a supply deal with a major energy company aimed at locking in the volumes of alternative fuel required to drive new dual-fuel ships.
UP ending chassis policy that rendered containers inaccessible The policy - known informally as the "no cherry picking" rule - prohibited trucking companies from coming into terminals with private chassis when there were no pool chassis available.
TPMTech23: 'Purchase order management' the new catchphrase in logistics Retailers are discovering the importance of closely managing purchase orders as increasingly complex trans-Pacific supply chains spawned by the pandemic highlight the need for a heightened hands-on approach.
UP CEO Fritz stepping down amid pressure from activist investor Fritz did not elaborate on what role the activist investor played in his decision to step aside, but the announcement came shortly after Soroban Capital wrote that "current [UP] management is not capable of driving a strong operating performance."
Performance Shipping puts at the market offering to bed Tanker owner axes agreement after selling just $1.2m worth of shares
Evercore's Chappell says tanker market strength is not just down to war Veteran equities analyst says supply-side factors are also fuelling tanker rate rises
De Stoop: Fredriksen would agree with our pure-play tanker plan Euronav chief executive says the CMB plan is good for a family-run outfit, not a public company
'Strong markets' and asset gains push Algoma Central to 46% profit jump Toronto-listed shipowner's revenue jumps in bulkers, product tankers, self-unloaders and shortsea
Methanex and MOL claim first-ever net-zero voyage using bio-methanol Producer and shipowner say Cajun Sun tanker completed trip across the Atlantic on new fuel blend
SSY names Norwegian shipping professor as new head of research Roar Adland, a well-known name in the worlds of freight derivatives and maritime academia, is joining the broking shop
De Stoop rejects CMB stake buyout in favour of getting around the boardroom table Euronav CEO says purchasing Saverys family's shares would not be the best use of capital
Low orderbook drives positive Nordic American outlook for 2023 Russian invasion of Ukraine has encouraged longer voyages for oil and hoarding of supplies, says New York-listed shipowner
SSY names famous shipping professor as new head of research Roar Adland, a well-known name in the worlds of freight derivatives and maritime academia, is joining the broking shop
De Stoop rejects CMB stake buyout in favour of getting around the boardroom table Euronav CEO says purchasing Saverys family's shares would not be the best use of capital
Euronav slams 'cynical' CMB for 'bringing the chaos' by blocking Frontline merger Chief executive Hugo De Stoop has strong words for the Saverys family as he seeks to persuade shareholders to support the current board
American Club encouraged after growing 25% at renewal Premium income increased by 8% per tonne for renewing tonnage
Green Ray onboard methane abatement project snares EU cash Demonstrations of kit will be installed on two newbuildings and retrofitted on a another vessel
Wave of giant container ships hits the water as demand wanes MSC, Hapag-Lloyd, ONE and OOCL are poised to take delivery of the vast vessels
Shipping Corp of India wins approval to split business ahead of sell-off Government okays demerger plans to hive off non-core assets
Low order book drives positive Nordic American outlook for 2023 Russian invasion of Ukraine has encouraged longer voyages for oil and hoarding of supplies, says New York-listed shipowner
Lauritzen's Josefsen: one wrong move on sanctions and you're out of business CEO explains how worldwide reaction to the Ukraine war is proving a minefield for shipowners
MOL tipped as winner of Ineos two-LNG ship tender Eyes are on Japanese owners' recent Samsung Heavy Industries newbuildings
Sea Pioneer orders kamsarmax trio at Oshima Shipbuilding Oshima is back working with Greek owners again after more than 40 years
Russian reinsurer targeted by EU to promote sanctions impact Russian National Reinsurance Co has reinsured vessels denied by Western businesses, says EU
Oldendorff flips ultramax quartet as sales hit 13 ships in a year Owner's modern bulkers were bought out of Chinese leases in 2022
Lila Global buys Cosco VLCC after flipping another acquired last December Anil Sharma's shipowning arm buys second VLCC from Cosco as other Middle East companies also chase tanker tonnage
Essar pumping $3.6bn into hydrogen and ammonia fuel production Investments will centre on the UK and India and also include biofuels
Yemen threatens ban on shipowners as cargo calls resume at Houthi port Hodeidah has seen the first boxes and general cargo arrive since at least 2016
Sovcomflot-linked ship manager among firms hit by fresh EU sanctions on Russia Dubai-based Sun Ship Management and ice-breaker specialist Atomflot included in 10th package of measures
Ukraine launches $500m ship insurance fund to boost Black Sea trade The move comes as the cost of war risk cover in the region continues to increase
Hedge fund boss Tor Svelland bullish on bulk carriers and tankers Former Fredriksen group executive says shipping is not meeting demand in some sectors
Okeanis ready to go all-in on tanker spot market as term deals end Aristidis Alafouzos says rate picture would have to really change before considering more period charters
Prospering Okeanis reveals the two VLCC deals that got away at more than $120,000 Delays meant eye-watering rates went begging for Greek owner in the fourth quarter
Chevron aims to cut LNG fleet's carbon footprint with green tech retrofits Singapore yard to install reliquefication systems, hull air lubrication technology and gas compressors
Pimp my ride: Kim Heng raids OSV bargain basement for doer-uppers Singapore shipowner also reports return to full-year profit despite weaker performance by its renewables arm
Kuwait government orders Agility to vacate logistics parks Agility is losing lucrative contracts to manage logistics parks in Kuwait after the government decided not to renew its agreement with the company.
The rise of crude tanker 'cannibals' in wake of Russia-Ukraine war Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
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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