Canada plans to buy ferry from Fjord1 as interim Holiday Island replacement Transport Canada plans to buy a 2007-built Norwegian double-ended car passenger ferry, the Fanafjord, to replace the M/V Holiday Island, one of two vessels used to provide service between Wood Islands, PEI,
Silver Ships makes first deliveries under major NAVSEA contract Theodore, Ala., aluminum boat specialist Silver Ships has recently completed its first deliveries under an $8.2 million NAVSEA contract covering both Naval Special Warfare (NSW) surface support craft (SSC) and U.S. Coast
BOEM Gulf of Mexico oil and gas sale restrictions face legal challenge While the Bureau of Ocean Energy Management may be all in on offshore wind, that's not the case with oil and gas. On August 23, BOEM announced plans to hold Gulf of
CMA CGM implements new surcharge in Turkish port Marseille-based container line CMA CGM will apply new port congestion surcharges (PCS) in the Turkish port of Iskenderun. CMA CGM will introduce a surcharge of US$100 per container for dry cargo travelling from Iskenderun, Türkiye to the Middle East Gulf & the Red Sea. This surcharge will be effective from 1 September to 30 November 2023 (loading date). The post appeared first on Container News
Gate terminal starts construction of fourth LNG tank at port of Rotterdam Gate terminal and its shareholders Gasunie and Vopak, announced that the final investment decision has been taken to expand Gate terminal's storage and regasification capacity. In particular, the expansion consists of a new LNG storage tank of 180,000 cubic meters and additional regasification capacity of 4 BCM per year. The new capacity is already rented out under long term commercial agreements
Container dwell time at San Pedro Bay Ports stays stable in July During the month of July, cargo passing through the San Pedro Bay Port complex and destined for local distribution by truck remained at port terminals for an average of 3.2 days. According to a statement, the July results were consistent with the June average of 2.9 days. A 3-day average is within the typical range and indicates that the supply chain is running well. Dwell time for rail cargo rem
Port of Halifax celebrates longstanding relationship with Holland America Line The Port of Halifax will host a shoreside ceremony on 28 August, 2023, to celebrate the longstanding relationship with Holland America Line. More specifically, the celebration will honour the 150th Anniversary of Holland America Line and 30 years of Holland America Line cruise ship calls at the port of Halifax. A welcome celebration will feature ceremonial drumming by the Mi'kmaw Native Friendshi
Container volume in July 2023 down year-on-year for Port of Melbourne Port of Melbourne reported total container throughput, full and empty, in July 2023 were down against July 2022. More specifically, full container imports volumes were down in July 2023 against July 2022 with domestic appliances, furniture and toys below last year's volumes. Additionally, full container exports volumes were down against July 2022, with hay, chaff & fodder and raw cotton below las
Mawani and Port of Rotterdam collaborate to create smart ports The Saudi Ports Authority (Mawani) has agreed to partner with the Port of Rotterdam on smart ports, human capital development, knowledge transfer, and performance optimisation in support of the Kingdom's economic diversification efforts aimed at creating a state-of-the-art investment and trade hub. Omar Hariri, president of Mawani, and Boudewijn Siemons, CEO of the Port of Rotterdam Authority, in
Japan's container exports to US plunge in July Container exports from Japan to the U.S. amounted to 48,965 TEUs in July (based on volumes at ports of origin), which plunged 10.9% from a year earlier and have registered a year-on-year contraction for five months in a row, according to Descartes Datamyne. From a month earlier, however, they improved 0.2%. Moreover, direct shipments accounted for 29,245 TEUs, down 12.5%. Containers transshipped
Kalmar acquires electric terminal tractor product line from Lonestar Specialty Vehicles Kalmar, part of Cargotec, has signed an agreement to acquire the product rights of the electric terminal tractor product line from Lonestar Specialty Vehicles (LSV) in the United States. More specifically, as part of the transaction, LSV will transfer the immaterial assets for Kalmar and act as Kalmar's contract manufacturing partner for the acquired electric terminal tractor product range. Addit
CMA CGM applies new FAK rates from Med to US East Coast & US Gulf CMA CGM has announced new Freight All Kinds (FAK) rates from all Mediterranean ports including Malta, France (Fos/Marseille), Italy, Spain (Algeciras, Valencia, Barcelona, Sagunto), Adriatic, Black Sea, North Africa, Cyprus, Greece, Turkey, Lebanon - excluding Egypt to all US East Coast ports and Gulf ports or inland points via said ports. The French ocean carrier said the updated FAK rates will
Panama Canal Authority warns restrictions will stay in place for at least 10 months Global shipping bodies have been urged to come together to share transit plans at one of the world's key maritime chokepoints with officials at the Panama Canal Authority warning yesterday that water-conserving measures will be in place for at least the next 10 months. Faced with an unprecedented drought this year, combined with the onset ...
Lauritzen Bulkers adds three handies Lauritzen Bulkers has added to its fleet, taking full ownership of three ships. The Copenhagen-based handysize player announced the delivery of the 2017-built Asian Bulker and Australian Bulker and the 2015-built Iceland Bulker. All three cranefitted vessels joined the company's fleet in August. VesselsValue data shows the company currently owns eight handies with an average ...
Ship built to wrong dimensions causes consternation Down Under Australia's icebreaking research vessel is much wider than its intended design and is not able to safely turn and pass underneath Hobart's Tasman Bridge and take on fuel on the other side. Reports from Guardian Australia claim that the vessel was denied permission to pass under the bridge due to safety concerns. The A$528m ($339m) ...
Saverys holds firm on Exmar price as he reopens takeover bid Nicolas Saverys has opted to remain firm on his initial bid to take over Belgian gas shipowner and infrastructure provider Exmar, despite shareholders' push for an increase in the price. After failing in its first bid, Saverys' investment vehicle Saverex is maintaining its offer of €11.1 per Exmar share, which will be reopened this Monday, ...
Chevron, API sue Biden administration over changes to upcoming lease sale The American Petroleum Institute (API), the state of Louisiana, and oil giant Chevron have sued the Biden administration over a decision to withdraw more than 6m acres from a Gulf of Mexico oil and gas lease sale to protect an endangered whale species. On Wednesday, the US Bureau of Ocean Energy Management (BOEM) announced that ...
250 days to go: Geneva Dry by numbers Tomorrow marks 250 days to go until the inaugural Geneva Dry, the global dry bulk summit linking every rung in the commodities supply chain. The numbers speak for themselves in terms of how the dry bulk community has lapped up this unique event: 29 confirmed speakers, 22 sponsors, dozens of paid delegates, not forgetting one ...
MMA Offshore wins Australian research vessel deal MMA Offshore has been appointed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to manage a research vessel in a contract expected to generate $80m in revenue over four years. The Perth-based OSV operator will provide technical services, operational management and crew management for the 2014-built . The vessel is part of the Marine ...
Strikes averted at Woodside LNG facility Woodside Energy has reached an in-principle agreement with unions at Australia's largest liquefied natural gas (LNG) project, averting a walkout that threatened global gas supply. Workers at the Woodside-operated North West Shelf offshore liquefied natural gas platforms had threatened to strike as early as September over issues including pay after the Australian company and union ...
Two feared dead as Japanese ship capsizes following collision Two seafarers are feared dead after a general cargo ship capsized in Japanese waters having collided with a boxship. The accident happened just before midnight last night some 15 km off the coast of Wakayama prefecture to the south of Osaka. The 72.58 m long flipped over having come into contact with TS Lines-chartered 148 ...
What now for the dark fleet? The dark fleet may be coming out of the shadows, but the cloud it casts over the rest of the...
Russia-linked tankers return to mainstream oil trades Greece shipowners Avin International and Aerio Shipmanagement involved in ship-to-ship transfers of gasoline cargo in international waters off Malta to...
American Association of Port Authorities announces Cary Davis as next head AAPA promotes its head of government relations and general counsel to lead the association when Chris Connor exits in October
Hafnia net profit passes $1bn in past 12 months The company reported a second-quarter net profit at $213.3m, earnings before interest, taxes, depreciation and amortisation at $261.6m and time charter...
Carrier diversification strategies called into question Container lines appear to want to do everything except move containers. But does straying from their traditional business areas really...
Capesizes slump below $10,000 per day A combination of factors including easing congestion, faster turnaround times at Chinese ports and weakening sentiment related to China's property...
Two missing after cargo ship collision off Japan A collision between two vessels off the coast of Wakayama Prefecture, Japan has left two crew members missing. The cause...
Chinese SOE to charter Fortune Ocean bulker newbuilds State-owned Bohai Ocean Shipping joins Fortune Ocean and Everbright on the order
Yara Clean Ammonia and MPC join LR's Singapore green corridor project Class society Lloyd's Register launched the Silk Alliance in the past year to set up a green corridor to and...
Box freight rates face summer lull Greater capacity discipline is required from carriers if rates are to pick up. But there are few signs of that...
Hafnia flags swelling orderbook as second-quarter profits remain strong High refinery margins, rebounding Chinese demand and declining European product inventories are set to bolster the prospects for product tankers...
Daily Briefing Tanker outlook almost 'too good to be true', says Frontline | The quirks of insuring Black Sea ships in a...
Pilot project aims to open more trucker slots in Los Angeles-Long Beach The Harbor Trucking Association is teaming with Yusen Terminals in Los Angeles to increase the number of appointment slots each day by cutting the container receiving window from two hours to 90 minutes.
Lawmakers push FMC to remove MTOs from demurrage billing requirements Two congress members, backed by terminal operators, are insisting maritime regulators follow the congressional intent that underpins OSRA-22 or risk "severe" disruptions to the US supply chain.
New LNG carbon inset product rolled out for container shipping market The insetting product enters an industry where there is currently a reluctance by cargo owners to pay premium prices for more eco-friendly shipping services.
Turbulence hampers US wind energy even as development picks up speed The wind energy industry must resolve a number of supply chain issues or it has little chance of reaching the US' 2030 goal for energy generation from onshore and offshore wind.
Editor's selection: Frontline's 'blowout' results, Skov's tanker warning and Synergy's Unni bows out A look back at TradeWinds' best news and feature articles this week
Grindrod improves half-year profit as cargo volumes grow Ports and terminals segment posted ZAR 247m in half-year profit, down 19.4% compared to a year earlier
Drug trade goes bananas as Spanish police seize 9.5 tonnes of cocaine in fruit shipment Criminal organisation with extensive logistics network blamed for shipment of drugs found in container in Algeciras
George Economou returns to US capital markets with tanker play Greek tycoon has taken a major stake in a company known for selling shares through the Maxim Group
Podcast: The race to bring wind propulsion back to shipping An array of technologies are looking to cut shipping's fuel consumption by installing sails, kites and rotors. The Green Seas podcast explores
First US-built offshore wind installation vessel Charybdis delayed amid spiralling costs Nation's only Jones Act-compliant WTIV will miss its debut for Orsted and Eversource's Revolution Wind project
Ukraine formalises alternative shipping corridor through Romanian waters at IMO But without insurance arrangement, how shipping can utilise temporary route remains up in the air
China's property crisis threatens to slow stagnant capesize bulker sector, brokers say Will the demise of major developer Evergrande and the struggles of property giant Country Garden hurt dry bulk?
Product tankers to get a boost as VLCC 'cannibals' dwindle, Hafnia's Mikael Skov says Smaller delivery schedule means fewer crude carrier newbuildings will be loading products on their maiden voyages, CEO argues
Mexico's steel tariff hike may hurt ultramax bulker demand, brokers say Steel trade from Asia could suffer blow after Mexico hikes import duties
Ludwig's legacy: Mexico-Japan bulker joint venture moves mountains of salt Baja Bulk Carriers chief executive tells the story of San Diego operator's roots at a unique lagoon in Mexico
Editor's selection: Frontline's 'blow out' interims, Skov's tanker warning and Synergy's Unni bows out A look back at TradeWinds' best news and feature articles this week
Regional Container Lines sells older vessels after sharp drop in profits Thai feeder operator flags 'challenges' as freight rates fall further
Could vessel sharing solve OSV supply question and green the industry? Marine consultant Stanislas Oriot argues the practice already seen in the container sector is an idea whose time has come
Frontline looking for the cracks in tanker market that's 'almost too good to be true' Chief executive Lars Barstad says it is easy to paint a bullish picture for the sector
Lauritzen Bulkers snaps up Asian handysize trio as owned fleet grows Danish owner and operator raids fleets of Pacific Carriers and Grace Ocean for latest additions
KCC chases bond refinancing through sustainability-linked issue in Oslo Combination carrier owner arranging meetings with investors
W Marine kamsarmax buy shows sustained appetite for bulkers Lacklustre earnings do not prevent some market players from pouncing on tonnage they believe in and are familiar with
Meyer Group appoints new CEO in landmark management shake-up German shipbuilder looks outside the family to strengthen management
Meet the 'Banksy of shipping'. The anonymous artist committing dry bulk markets to canvas The artist known as 'Hardo' heads up the fictional investment bank Hardo & Co and celebrates the world of finance, markets and now shipping
Siem Offshore earnings improve, but rate strength behind schedule Oslo-traded offshore player sees year-over-year jumps on both the top and bottom lines
Altera Shuttle Tankers fixes suezmax to Petrobras for five years Shuttle tanker owner returns to profit as depreciation costs drop
She's back: Magda Kopczynska returns to lead Brussels transport policymaking Influential former European shipping official returns to lead the EC's regulation of land, sea and air transport
Two seafarers missing as cargo ship capsizes after collision with Contships feeder Accident involving Izumi Maru happened off Japan on Thursday night
Hafnia's Skov says 'discipline' needed on tanker orders as 12-month profit tops $1bn Chief executive Mikael Skov believes demand will increase but warns of increasing orderbook
China's Landbridge Group refinances VLCC pair with domestic leasing company Move comes just days after shipowner exercised purchase option on VLCC leased from John Fredriksen's SFL Corp
Charterers will have to use older tankers eventually, but not until rates hit $150,000, says Frontline's Barstad Lack of new orders will mean a change in vetting rules for oil majors, Frontline's boss believes
Australia bans Chinese panamax over 'serious seafarer mistreatment' Maritime regulator says vessel charterers like K-Line need to carefully consider which operators they engage to bring vessels to Australia
In pictures: Rain delays play as liner execs tee off for 18 holes with Singapore's Bengal Tiger Line But conditions fail to dampen enthusiasm at Singapore shipping's most popular golf tournament
Wilson Sons' pork exports go hog wild at Rio Grande terminal due to new Asia route Main destinations for meaty commodity are China, Hong Kong and Singapore
Dry bulk offence: Pacific Carriers gets 'asset heavy' Hor Weng Yew says owning ships gives shareholders a better return on capital
Pacific Carriers bullish on product tankers as it turns 50 Chief executive Hor Weng Yew explains how the dry bulk outfit made a successful debut in the MR2 sector
Panama Canal Authority extends water restrictions Supply chain disruptions could develop if the drought in Panama continues.
Falling grain exports will affect US railroads' capacity needs, expert says An anticipated decrease in grain exports and increase in domestic biofuels production could change U.S. freight railroads' capacity needs in the coming years.
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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