USCG: "Presumed human remains" recovered from Titan wreck The U.S. Coast Guard says it has received debris and evidence recovered from the seafloor at the site of the Titan wreck when the M/V Horizon Arctic arrived in St. John's Newfoundland,
Finally, AMHS christens ferry launched in 2018 Alaska first lady Rose Dunleavy smashed a ceremonial bottle of champagne on the bow of Alaska Marine Highway System (AMHS) ferry M/V Hubbard in a christening ceremony held in Juneau, this past
UECC bunkers a RO/RO with GoodFuels biofuel European short-sea RO/RO operator United European Car Carriers (UECC) has successfully bunkered its chartered-in RO/RO Emerald Leader with sustainable biofuel. The operation was carried out in the port of Vlissingen, Netherlands, in
Hit by a seafarer shortage, Canada opens way for more foreign nationals to work on its ships Faced with a shortage of Canadian seafarers, on June 25 Canada signed agreements with Georgia, the Philippines, and the United Kingdom to allow their certified seafarers to work onboard Canadian vessels. This
Marcon: CARB puts a crimp on tug sales into California Coupeville, Wash., shipbroker Marcon International Inc. has issued its latest tug market report and says that sales and purchase activity has been brisk, with numerous tugs changing hands during the past quarter
Gebrüder Weiss acquires German freight forwarder By acquiring German freight forwarder B+A Luft- und Seefrachtspedition GmbH, Gebrüder Weiss aims to extend its network in the country. The new completely owned company, specialising in the import and export of groupage freight containers between Asia and Germany, was added to the Gebrüder Weiss network on 27 June 2023. B+A, a freight forwarder based in Nuremberg, was formed in 1982 and specialise
Rotterdam World Gateway to increase capacity by 1.8 million TEUs Dutch container terminal Rotterdam World Gateway (RWG) has agreed to a gradual extension of its terminal at the Prinses Amaliahaven on the Maasvlakte in the port of Rotterdam with its shareholders DP World, CMACGM/Terminal Link, HMM and MOL, and the Port of Rotterdam Authority. Currently, RWG has access to approximately 1 million m² of land, 1,150 metres of deep-sea quay and 550 metres of barge/f
MSC and small players head Transpacific withdrawals MSC and other opportunistic regional carriers have led the retreat in Transpacific capacity, according to Alphaliner's latest report. As of this month, we have seen 514 ships of 4.86 million TEUs, down from 674 ships of 5.56 million TEUs in June 2022. Most of the withdrawn vessels were from MSC and other long-haul newcomers who exited when the Covid-fuelled boom ended. MSC removed just under 400,
Kuehne+Nagel appoints new Board member Kuehne+Nagel International AG's Board of Directors has selected Michael Aldwell as a new member of the Board, effective from 1 October 2023. Michael Aldwell will assume responsibility for the business unit Sea Logistics and succeed Otto Schacht, who will take over advisory activities for the Kuehne+Nagel Group with a focus on Sea Logistics. Michael Aldwell began his career in 2008 with Kuehne+Nag
New radar and camera network in Antwerp port area The Port of Antwerp-Bruges wants to upgrade its traffic management with the launch of an extensive digital radar and camera network. This advanced equipment scans the entire port area and aims to become the backbone of safe and efficient shipping traffic, according to the port's statement. The vast Antwerp port area covers more than 120 km² with 110 million metres of waterways and quays. Also, mo
Wärtsilä introduces retrofit solution for its marine engine governor system Wärtsilä Automation, Navigation and Control Systems (ANCS), part of the technology group, has launched an innovative retrofit solution for its marine engine governor system in collaboration with Swedish marine green tech company Qtagg. The solution is designed to extend the lifespan of a ship's propulsion control system, while simultaneously enhancing the vessel's overall efficiency, according to
Gasunie invests in hydrogen network at Port of Rotterdam Gasunie, an energy network operator, has decided to invest in the first part of an across-the-nation hydrogen network. The first section will run from the Second Maasvlakte to Pernis. Work will begin at the port of Rotterdam after the summer. Gasunie's first-phase investment worth more than US$109 million. Hynetwork Services, a subsidiary of Gasunie, will be in charge of development. Gasunie over
CN analysis: Carriers see steady rate levels on most Indian trades, but slide continues for US cargo With the exception of trades to the United States, container carriers operating out of India have mostly seen steady freight rate trends this month, the latest market analysis by Container News shows. On the westbound India-Europe trade, average short-term contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the N
CMA CGM revises Turkey-Med service rotation CMA CGM has decided to reshuffle the TMX 1.2 - Turkey Med Express 1.2 service, which will now include the port of Gebze in the rotation as well as Djen Djen port instead of Bejaia in Algeria. The French ocean carrier noted this update will allow maintaining a large coverage in Algeria while bringing better service reliability despite the congestion situation. CMA CGM will deploy three 950 TEU con
Kalmar receives forklift truck order from Italian logistics firm Kalmar has secured an order of 13 forklift trucks from an Italian logistics and equipment rental service provider, with an option for an additional four units for usage in the most demanding steel-handling applications. The new equipment is expected to be delivered in the first and second quarters of 2024. Kalmar has not revealed the name of its customer. "Our Italian frontline team has built a s
Colombian port operator goes live with Tideworks TOS solution Colombia's box terminal operator, Santa Marta International Terminal Company (SMITCO) is now live with Tideworks' next-generation marine terminal operating system (TOS) solution, Mainsail 10. SMITCO has upgraded from Tideworks' older Mainsail solution to the advanced Mainsail 10. Tideworks Technology Inc., a full-service provider of TOS solutions, said the new system offers terminal operators gre
CMA CGM revamps EURONAF service French ocean carrier CMA CGM has revised its EURONAF service, which will now consist of four loops instead of two. In Loop 1, CMA CGM will deploy three 1,700 TEU container vessels on the following 21-day rotation: Malta (Italy) - Marseille (France) - Bejaia (Algeria) - Malta Loop 2 will run between the ports of Barcelona and Oran with one vessel of 850 TEUs and one vessel of 1,700 TEUs. The frequ
Much-needed rain postpones depth restrictions on Panama Canal The Panama Canal will postpone depth restrictions that were going to affect larger ships crossing the main waterway after a rainfall, according to Reuters. In fact, the Panama Canal had published measures , scheduled to take effect on 25 June and 9 July, requiring ships to sail at higher depths. Rains are expected to dump between 70 mm (2.76 in) and 80 mm (3.15 in) of precipitation into the Panam
Batteries lead the charge in the June issue of Splash Extra Just how far can batteries take shipping around the globe? Including ships on order, the number of vessels equipped with batteries has recently hit the 1,000 mark, and yet even the leading manufacturers concede there remain significant shortfalls in batteries' power to sustain deepsea trades. In the June issue of Splash Extra, this month's in-depth ...
Petrofac awarded field development work off Trinidad Petrofac has been appointed by London-listed Trinity Exploration & Production to undertake a concept-screening study for the development of further reserves in the Galeota block offshore East Coast Trinidad. The Galeota contains estimated 2P+2C reserves and resources of 46.1b barrels of oil equivalent and is Trinity's largest asset. The study expected to conclude in September ...
Hadley lets go of last boxship Hadley Shipping from the UK has sold its only containership, leaving it with a fleet made up of bulk carriers, roros and product carriers. Alphaliner is reporting Hadley has sold the 2013-built, 1,728 teu Cerinthus to China's Zheijiang Xiehai Group for $17m. The ship has since been renamed , and marks Xiehai's entrance into deepsea ...
Aquaterra Energy scores decommissioning contract in the Middle East Offshore engineering specialist Aquaterra Energy has won a multi-million-pound contract working in partnership with TPMC to support a decommissioning campaign for a major Abu Dhabi-based operator. The deal will see the Aquaterra provide offshore riser equipment and services for the decommissioning of eight wells, in 80 m water depth offshore Abu Dhabi by 2028. Throughout ...
Ukraine readies to shift more grain via the Danube Ukrainian officials will be keeping an eye on water levels along the Danube this summer as more grain exports look likely to be shifted along Europe's longest river with Russia making shipments via the Black Sea near impossible. The head of the Ukraine Sea Ports Authority stated yesterday that the Danube will become the key ...
Ramboll secures work on Danish North Sea energy island Denmark's Ramboll has been selected to develop electrical infrastructure for the planned energy island in the Danish North Sea under a 10-year contract worth DKK225m ($33m). Acting as a hub, the artificial energy island will gather the power produced by nearby offshore wind farms and distribute it to Denmark and neighbouring countries. Ramboll will, as ...
Ineos debuts in LNG sector with MOL newbuilding charters Ineos Energy Trading has made its first foray into the LNG market by signing a charter agreement with Mitsui OSK Lines (MOL) for two newbuild LNG carriers. Ineos said that the two vessels will be used for the import of LNG into Germany from the United States. The company added that it would capitalise on ...
MOL and Petronas reveal concepts for liquified CO2 shipping and storage Japanese shipping giant Mitsui OSK Lines (MOL) and Malaysia's state energy firm Petronas have showcased the results of their joint efforts aimed at shipping and storing liquified carbon dioxide (CO2). The duo, in collaboration with Shanghai Merchant Ship Design & Research Institute (SDARI), has developed and secured approval in principle for liquefied CO2 carriers and ...
Technip FMC and Technip Energies pay $230m in fines to avoid corruption lawsuits Subsidiaries of TechnipFMC and Technip Energies will pay fines of nearly €210m ($230m) to avoid lawsuits regarding subsea projects undertaken between 2008 and 2012. Technip UK Limited, a subsidiary of TechnipFMC, and Technip Energies France SAS, a subsidiary of Technip Energies settled matters with France's national financial prosecutor or Parquet National Financier (PNF). PNF said ...
NYK to introduce world's first engine air compression system Nippon Yusen Kaisha (NYK) will install a variable compression ratio system (VCR system) on two large LNG-fuelled coal carriers to be built at Oshima Shipbuilding. The vessels are scheduled to be delivered by the end of 2025. This will be the first time for VCR systems to be installed on vessels, including existing vessels that ...
World's Russian oil STS operations mapped Ship-to-ship (STS) transfers are back in the news following last week's latest sanctions announcements from the European Union, which will see a ban on port calls for ships who are caught carrying out STS transfers of suspected illicit Russian oil in European waters. The EU cited a "sharp increase in deceptive practices, and related environmental ...
China yard watching For shipyard nuts such as yours truly, this month I've been watching with interest the pride and - dare I say it - chest-beating coming out of China with the undocking of the Adora Magic City, the nation's first domestically built large cruiseship, a project that has been in the making for the last 17 ...
June 2023 Review Walkouts at US west coast ports dominated the headlines for much of June. Eventually the Biden administration stepped in, and a deal was hatched between unions and employers covering 22,000 workers at 29 US west coast ports ending a fraught 13 months of stalled negotiations, industrial action and cargoes emigrating to alternate locations. The new ...
Typical seasonality strikes tankers First there was going to be a supercycle, then there wasn't, then there was again until Friday June 23 when a brief bubble in VLCC rates deflated. VLCC rates, basis Baltic Exchange calculations, increased from an average of $16,546 a month for May to $32,215 for the first three weeks of June, though the peak ...
Dry cargo is cheerleading for China China's slow economic march out of coronavirus lockdown faces a sweaty period ahead as temperatures around Beijing head north of 40 Celsius, prompting a heat warning for the first time in in nine years. Two days of temperatures over 40 C has never been recorded before since the China Meteorological Society began observing temperatures in ...
CII could be box saviour China's monthly containerised exports index increased 0.4% month on month in May to 952.11 points. The highest increase was to South America, with a 17% increase in volumes, followed by volumes to the MEG, which were up 8.5% month-on-month. The overall index remains below the 1,000 point benchmark set as far back as January 1, ...
Analyst Abstract Tankers Tanker bulls are increasingly arguing that the 2020s represents one glorious last hurrah for earnings thanks to the limited orderbook and the changed trading patterns. A consistent increase in Atlantic Basin crude export volumes to Asia over the next five years will have as far-reaching repercussions for crude oil shipping as the shift in ...
Deathly quiet S&P scene Deathly was how one seasoned broker in Asia described the S&P scene this month, a point of view backed up by stats by VesselsValue. In dry bulk, ships were being sold at lower than last done which seems to upset a lot of people because they don't like a falling market while in tankers there ...
The war for talent in Singapore In the second instalment from our new magazine, reporters look at how the Southeast Asian republic's maritime community faces many HR hurdles that other hubs are experiencing. More ink has been spilled on human resources issues in this magazine than any other topic, a clear sign of the vexing problems the republic's maritime industry faces ...
Pool scheme hit by unprecedented back year deterioration, says West 'According to the circulars, it was a benign 2022. And it was. And we did benefit from that. What I...
China oil hub Shandong to further consolidate terminal assets The acquisition is aimed at solving competition issues between these ports. It is expected to streamline operations and cut costs...
Toro banks another $17m from fourth LR2 sale Nasdaq-listed owner has shed four aframax-size tankers in only a few months
Five days will determine 25 years of climate efforts Eight shipowners' associations have come together to agree on a way forward for shipping at next week's MEPC80 meeting. It...
EU inclusion of HKC-compliant recycling yards 'imperative' Recognition of facilities compliant with the international convention would create 'level playing field for end-of-life EU-flagged ships'
Boxship charter rates fall as newbuilding influx begins to bite Reductions in charter rates recently have been most noticeable for ships of below 3,000 teu capacity, due to a substantial...
Warning: Too much tech could harm your health Technostress, often presenting as anxiety and mental fatigue, will grow in its impact as more technology is fitted on board...
Zhejiang Energy and Dalian Shipbuilding team up on green methanol project The two sides aim to take a leading position in the green methanol market. They think there is an opportunity...
Tankers: From hubris to headwinds - tonne-miles, trade imbalances and geopolitics drive demand as peak oil looms Russia-led dislocation in oil trades buttresses earnings for the global tanker fleet, amid rates volatility ahead of moderating oil demand...
Southeast Asia has LNG import growth potential Southeast Asian countries are forecast to see small incremental demand growth every year to 2032, Poten & Partners senior LNG...
Transpacific sees carrier exodus as demand plunges The end of the boom times has seen capacity deployed on the transpacific decline by a quarter. But some carriers...
Daily Briefing Containers: Box shipping keeps an eye on capacity as weak peak season looms | IMO's GHG strategy: Is the gap...
K+N looks down under for sea logistics promotion Kuehne+Nagel has appointed New Zealander Michael Aldwell to take over the management board position being vacated by Otto Schacht. He...
Connectivity revolution takes shipping into the space age Marlink's Knut Natvig believes improved connectivity through multiple constellations of Low Earth Orbit satellites is about to transform the way ships...
Singapore Maritime Foundation launches bursary to nurture talent Fund will provide financial support to academically qualified students from disadvantaged backgrounds,who are studying maritime-related courses or intend to pursue...
ILWU Canada plans to strike British Columbia ports on Saturday The union filed a 72-hour strike notice, which includes the Port of Vancouver, claiming maritime employers have refused to negotiate on the main issues of compensation and automation.
End of freight 'recession' drawing nearer, but no strong rebound seen: SMC3 US inventory levels are still high, depressing demand for trucking services and keeping a rebound in check, analysts said at the SMC3 Connections conference.
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Trans-Pac blank sailings ebb as carriers take in newer, larger ships The more aggressive approach to managing ship capacity seen in April and May has waned as new ships enter service and imports possibly see a nominal uptick.
CPKC-CSX ink deal to provide second rail speedway on Gulf Coast The link would offer an alternative to the Meridian Speedway that pre-merger Kansas City Southern and Norfolk Southern Railway have partnered on since 2006.
US DOT opens $5.6 billion in funding for projects to strengthen supply chains The funds will come from the Bipartisan Infrastructure Law, with three separate grant opportunities soliciting applications under a single program called the Multimodal Project Discretionary Grant program.
Zim forwarding arm Ship4wd targets small shippers with new finance tools Zim said the financial products are particularly needed amid a slowdown in freight demand as small and mid-sized businesses continue to battle significant financial friction.
Shipping can cut emissions by 28% to 47% by 2030, says CE Delft report Analysis suggests cuts can come at relatively low cost from slow speeding, wind assisted propulsion and 5% to 10% use of zero-emission fuels
Streetwise: Tor Olav Troim to John Fredriksen on International Seaways chase - so what are you waiting for? This week Streetwise visits the annual Marine Money Week in Manhattan and finds that Tor Olav Troim - who's been to 'hell' and back - is still not pulling any punches
'Be gorgeous, shine brightly, love life', Wista UK hears Royal Navy commander shares her personal model for living, as women in maritime enjoyed some mid-summer mingling on the IMO's roof terrace
Otto Schacht steps down as head of ocean freight division of Kuehne+Nagel Veteran's replacement comes from within ranks of leading container shipper
Big shareholder SEB offloads $8m stake in Solstad Offshore Swedish bank retains only a fraction of Norwegian offshore vessel owner
Green Seas: As IMO hurtles toward a historic vote on carbon targets, next steps draw disagreement Our weekly environment newsletter explores as countries debate next steps ahead of key meeting at United Nations shipping regulator
MSC raid on German market for small container ships rages on S&P momentum remains despite weakening charter market
UK lacks 'credible' policies to hit shipping net zero by 2050, says watchdog Britain has lost its global leadership position on climate action, says watchdog
Idan Ofer's Eastern Pacific to apply GIT sustainable coating on 15 ships Singapore shipowner using graphene-based efficiency solution from Canadian start-up
EU should move to full embargo of Russian LNG, think tank says Trading block needs "a coherent strategy for the imports" and could manage without them
Minerva sells oldest aframax in steady flow of Greek tanker disposals Even though not quite at the frantic pace of previous months, Asian interests keep scooping up old Hellenic tonnage
Tanker owner Utkilen trebles profit ahead of newbuilding deliveries Norwegian company enjoyed much strong chemical carrier markets in 2022
Split over carbon pricing threatens to derail IMO bid to decarbonise shipping by 2050 China, Brazil, Argentina and other developing countries come out strongly against a carbon levy as a market-based measure
UECC bunkers sustainable biofuels on NYK-chartered ship European shortsea ro-ro company takes delivery of fuels able to reduce carbon emissions by 90%
Bahri linked to sale of another elderly VLCC after steep price rise Saudi Arabian owner said to have offloaded the 2003-built Lulu into China
Yara delays IPO for ammonia fuel spin-off as market value disappoints Producer and shipowner feels portfolio's attractiveness outstrips likely flotation price
MOL and Petronas advance plans for LCO2 carriers and FSO unit Chinese design institute has joined partners to win AiPs for new vessel types and floating storage and offloading unit
Small product tankers hold value as they switch owners in the Middle East Tristar Eships and Chaste Shipping are both reported as selling small clean tankers
Hunter Group lines up stock split and new loan as it eyes acquisitions Oslo-listed company trying to boost share price above minimum NOK 1 level
Tugs arrive to prepare for 'time-bomb' tanker replacement Divers have completed underwater inspections of the hull of the stricken FSO Safer
MPC Capital brings in Arctic Securities exec to run maritime investments Felix Nolke will work with German group's shipping boss Christian Rychly
Toro Corp nearly trebles its money on elderly aframax as tanker fleet reduced further Cyprus-based owner confirms sale of Wonder Musica for huge gain
China Development Bank linked to sale of ship leasing arm Reports say no specific timeline for the sale has been given, but it could happen by early next year
Trading house Mitsui & Co linked to MR tanker orders at Hyundai Mipo Dockyard The contract value of the 50,000-dwt product carriers is $187m
Western Global Airlines grounds cargo jets as bankruptcy rumors swirl Western Global Airlines appears to be winding down operations for a potential bankruptcy.
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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