Shell and Equinor to go ahead with Sparta deepwater development In yet another demonstration of the continuing importance of the U.S. Gulf of Mexico as a source of low carbon intensive production of oil, Shell Offshore Inc., a subsidiary of Shell plc,(51%
Van Oord to build "most ecological wind farm yet" for Ecowende Van Oord has been contracted to build the Hollandse Kust (west) lot V wind farm. Located about 28.6 nautical miles west of the Netherlands, it is being billed by developer Ecowende (a
GLDD succeeds in bid protest of USACE action As those who watch these things know, the Government Accountability Office (GAO) rejects the majority of bid protests filed with it. However, a number of bid protests do, in fact, succeed and
Sanmar electric tug duo is on the way to join SAAM Towage's Vancouver fleet The two all-electric tugs ordered from Turkey's Sanmar Shipyard by SAAM Towage in October 2022 (see earlier story) are now on their way to Vancouver, B.C. Following successful completion of sea trials,
Cybersecurity Concerns for Small Businesses in a Mobile-First Era All small businesses, irrespective of industry, must be vigilant about the risks posed by cybersecurity threats. Cybercriminals are constantly modifying their techniques, making it crucial to have a cybersecurity plan, particularly with the rise of COVID-19-related cyber threats to companies. The increase in employees working from home has exposed vulnerabilities in many company infrastructures.
MABUX global bunker indices rise During Week 51, the MABUX global bunker indices began an upward trajectory, marking the first positive movement in the past five weeks. The 380 HSFO index rose by US$11.38 to US$520.06/MT. The VLSFO index, in turn, added US$28.79. The MGO index increased by US$34.44. "At the time of writing, the upward trend in the market continued," stated a MABUX official. The Global Scrubber Spread (SS), which
AD Ports Group and RSPA ink deal for Safaga port development AD Ports Group, a key player in global trade, logistics, and industry facilitation, announced the signing of a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the establishment and operation of a versatile terminal at Safaga Sea Port. This significant milestone, approved by the Government of Egypt, underscores the robust trade relations between the United Arab Emirates
Maersk signs MoU with City of Yokohama and Mitsubishi Gas Chemical A.P. Moller-Maersk has officially signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative effort is centered around the development of green methanol bunkering infrastructure in Yokohama, in conjunction with Maersk's plan to introduce 16,000 TEU green methanol-powered container vessels starting in 2024. The partnership underscores
Mawani secures four contracts for marine services in eight ports Saudi Ports Authority (Mawani) signed four contracts at King Abdulaziz Port in Dammam, totaling investments exceeding US$270 million. Collaborating with "Zamil Marine Services" and "Naghi Marine," the contracts involve providing a range of maritime services at eight ports. These efforts align with the goals of the national transport and logistics strategy, enhancing Saudi ports' global standing a
MSC boxship attacked in Red Sea MSC confirmed that on 26 December the 8,200 TEU container ship MSC UNITED VIII was attacked while transiting the Red Sea. "The vessel informed a nearby coalition task force warship of the attack and as instructed engaged in evasive maneuvers," reported the Swiss/Italian ocean carrier. According to the company's announcement, all crew are safe with no reported injuries and a thorough assessment of
Capacity crunch as all-time high of vessels reroute around Cape of Good Hope The number of ships that have diverted from the Suez Canal to the Cape of Good Hope has reached a record high of 125 ships as of 24 December, exceeding the number seen when the Ever Given was grounded in the canal in March 2021. Linerlytica's latest report, issued on 26 December, stated that when Suez traffic was closed for seven days due to the Ever Given grounding, fewer than 20 ships were dive
ExxonMobil partners with FuelCell Energy for CO2 capture pilot plant ExxonMobil is set to construct a pilot plant at the Botlek site in Rotterdam, employing cutting-edge carbonate fuel cell technology. These advanced fuel cells not only possess the capability to capture CO2 emissions from industrial sources before their release into the atmosphere but also have the added benefit of generating valuable by-products. Furthermore, the innovative technology not only ge
Evergreen Marine names Wu as new president The move comes as liner shipping business is being consolidated at Taiwan's Evergreen Group, which controls the world's seventh-largest boxship...
Singapore's vessel arrivals hits record 3bn gross tonnes Elsewhere in Tuas, three more berths are operational this year, with functional berths at a total of eight as Si,ngapore...
CSIC's ex-chairman Hu Wenming imprisoned for corruption The CSIC former head is guilty of accepting bribes and causing major losses by improperly acquiring assets from private shipyards...
Houthi attack on MSC vessel adds pressure to Red Sea service revival The armed group fired missiles at the 8,200 teu containership but appears to have missed it. MSC stated all crew...
Expected Q1 drop in US trucking jobs not likely to move needle on pricing, capacity Larger trucking employers may be reluctant to lay off workers ahead of what they hope will be an uptick in freight demand this coming spring or summer.
CBP ruling prohibits US customs brokers from using offshore labor The ruling is significant because it means US brokers can no longer use less expensive offshore labor to cut down on operational costs associated with import entry preparation and other brokerage services.
Steady rise in passenger capacity undermining air freight rate growth Air freight volumes are not expected to show any significant growth until well into 2024, and some analysts question whether there will even be a peak season for exports from Asia at the end of the year.
Shippers face delays as carriers skip South America calls due to Panama Canal woes Ocean Network Express and Hapag-Lloyd confirmed they are skipping calls, especially at Cartagena in Colombia and Manzanillo in Panama, although omissions are being made at other ports.
Star Bulk clinches yet another profitable ship disposal deal US-listed shipping behemoth wraps up eventful year by selling an eight-year old ultramax
Samudera eyes growing markets and forks out for gas carrier brace Indonesian owner seeks to enter growing ethylene market at home and overseas
ONE container ship to be dry-docked after Suez Canal grounding Vessel has been taken out of service and is awaiting repairs in Turkey
Italian liner upstart Kalypso files for protection from creditors Company throws in towel amid vessel arrest and dispute with Chinese owner over Israel calls
Year Ahead: Regulatory hurdles leave shipowners to grapple with limited options for fuelling ammonia carriers Current discrepancies over IGC and IGF codes leave ammonia carrier shipowners with few options
Tonnage-hungry Economou said to have joined the VLAC bandwagon Major Greek shipowner is linked to yet another order - this time for large ammonia carriers in South Korea
Ex-CSIC chairman Hu Wenming sentenced to 13 years for graft Former chairman convicted for taking $8.4m in bribes
Advantage Tankers raises LR1 wager amid Glencore sell-off Product tanker deal-making dominates oil carrier S&P activity as year comes to a close
Year Ahead: LNG shipping prospects ranked 'as clear as mud' for 2024 Fundamentals look weak but a wealth of factors could quickly turn the sector's fortunes
Japan's Ryobi Holdings orders high-end cruise ship at in Portugal Bus, taxi and ferry operator to make bold step into Japan's increasingly competitive cruise sector
Singapore sees record number of vessel arrivals in 2023 City state says success is down to strong tripartite cooperation between unions, industry, and government
CMA CGM works on plans to increase Suez Canal crossings French liner giant remains 'deeply concerned' over Red Sea situation but has not diverted all its vessels
Brazil drops money laundering and corruption charges against former Sembcorp Marine executive A former consultant to the company in Brazil has also been acquitted, Singapore group says
Japan's Ryobi Holdings orders high-end cruise ship at West Sea in Portugal Bus, taxi and ferry operator to make bold step into Japan's increasingly competitive cruise sector
Singapore's 2023 vessel arrivals pass 3bn gross tons setting new record City state says success is down to strong tripartite co-operation between unions, industry, and government
Singapore's vessel arrival tonnage in 2023 passes 3bn gross tons setting new record City state says success is down to strong tripartite co-operation between unions, industry, and government
How safe is Red Sea? Different shipping lines have different answers Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
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