Pilot LNG partners up with Seapath for Galveston Bay LNG bunkering hub Houston-based Pilot LNG LLC is moving ahead on its plans for a Galveston Bay LNG bunkering hub. It has now formed a joint venture with Seapath, a maritime subsidiary of the Logothetis
WinGD wins LR approval in principle for ammonia-fueled two-stroke engines As the race to be first to market with future-fueled engines picks up pace, Lloyd's Register has granted Winterthur, Switzerland, headquartered engine designer WinGD the first ever approval in principle (AiP) for
Crowley partners with ABS on augmented reality for maritime Crowley and ABS are to jointly explore how to advance the use of augmented and virtual reality technologies for vessels and other marine environments. The agreement with ABS builds on a new
Vroon completes offshore vessel sell-off One of the best-known companies in Netherlands shipping, Vroon, says that it has finalized its restructuring and completed the sale of 37 vessels from its offshore fleet. That leaves Vroon with a
AD Ports welcomes new Ro-Ro service SAFEEN Group, part of AD Ports Group, has celebrated the arrival of the Ro-Ro cargo ship SSF Ania at Shuwaikh Port in Kuwait following the launch of a new Ro-Ro service aiming at improving connectivity and facilitating trade between UAE and Kuwait. The aim of the new service is to reduce risks associated with road travel and cut down on carbon emissions. In particular, truck drivers will receive
Japan's container volumes decrease for four consecutive months Oceangoing containers to and from Japan's six major ports totaled 1.13 million TEUs in July, which slid 8.7% from the corresponding month of the previous year and have registered a year-on-year decrease for four consecutive months. Looking at volumes at individual ports, Tokyo incurred a double-digit contraction, processing 334,842 TEUs, down 17.4%, with exports plunging 18.5% to 152,807 TEUs, an
Samskip and Boluda Lines to launch new Spain-Ireland-UK service Samskip and Boluda Lines will launch a shortsea container service connecting the ports of Santander, Dublin and Liverpool. In particular, the joint service, which will launch on 30 September, provides a new weekly Spain-Ireland-UK shortsea option for unitised cargoes that is highly cost-competitive against road-ferry alternatives, while at the same time offering greater reliability and substantia
Wan Hai to spend US$155 million to upgrade Kaohsiung terminal Taiwan's Wan Hai Lines will spend TW$4 billion (US$155 million) on refurbishing three piers of Kaohsiung Port's Terminal No. 5, which it has taken over from compatriot Evergreen Marine Corporation. The amount is less than the US$253 million previously estimated by Wan Hai, which processes 1 million TEU annually in Kaohsiung. Wan Hai said in a Taiwan Stock Exchange filing that compatriot construct
DP World welcomes new South America shipping service DP World announced the arrival of the first vessel under a new South America shipping service at London Gateway, enhancing the United Kingdom's connections. The new Europe-to-East Coast South America service, operated jointly by COSCO, Orient Overseas Container Line (OOCL) and Ocean Network Express (ONE), will redefine global connections at DP World's innovative logistics centre. The new service'
HAROPA PORT to launch trimodal hub project French port complex HAROPA PORT is developing the port of Bruyères-sur-Oise to create a new multimodal platform, 40 kilometres from the capital of France, Paris. Through this, HAROPA aims to strengthen the green multimodal logistics corridor along the Seine - by significantly increasing rail and river traffic - and preparing the connection between the Seine and the Oise to the future Seine-North
Penang Port joins International Association of Ports and Harbors International Association of Ports and Harbors (IAPH), a non-governmental organization (NGO) headquartered in Tokyo, Japan, announced that Penang Port Sdn Bhd has become a regular member of the IAPH. IAPH has evolved into a worldwide port alliance, including 177 ports and 147 port-related enterprises in 84 countries as of 31 August 2023. The member ports collectively handle well over 60% of globa
Shippers underwhelmed by Renfe Medlog JV European shippers were celebrating the announcement by Renfe Mercancias and MSC subsidiary Medlog to form a 50-50 joint venture company that will handle rail freight in Spain. Yesterday's joint announcement that the Renfe board of directors will seek approval from the Spanish Government and then the European Union's (EU's) council of ministers for the rail joint venture was greeted with scepticis
Hanwha Ocean, BV complete joint project on 3D model based classification approval Bureau Veritas, a company specialising in testing, inspection and certification, and Hanwha Ocean, specialising in the shipbuilding and offshore industry, have completed a Joint Development Project (JDP) to enable 3D model based approval for the Classification of ships. More specifically, the JDP tested and validated the workflow of 3D model-based Classification approvals, where classification re
Rotterdam Short Sea Terminals to receive Kalmar hybrid straddle carriers Kalmar, a Cargotec subsidiary, has agreed to provide six Kalmar hybrid straddle carriers to Rotterdam Short Sea Terminals (RST). The order was received in Cargotec's order intake for the third quarter of 2023, while the machines are expected to be delivered in the second quarter of the next year. RST is Europe's largest short-sea shipping centre, employing around 350 employees and managing over 5
Asian container exports to US decline Outbound containers from 18 Asian countries and regions to the United States amounted to 1.68 million TEUs in August, plunging 13.9% from a year earlier and having registered a year-on-year contraction for 12 months in a row, according to the Japan Maritime Center (JMC). In January-August period, Asian exports to US totalled 11.96 million TEUs, translating to a decrease of 20.2% year-on-year. Con
Rev Up Your Earnings: Discover the Pros of Using Your Own Car for Delivery Introduction Are you looking for ways to boost your income while maintaining the flexibility of your own schedule? If you own a car, you're sitting on a potential goldmine. In this article, we're going to explore the lucrative world of using your own vehicle for delivery services. Whether you're considering gig economy platforms like UberEats or DoorDash, or you're thinking about starting your ow
Saudi Aramco makes LNG moves Saudi Aramco, the world's largest oil company with a market value of over $2trn, has made its first international investment in liquefied natural gas (LNG) signaling its ambition to diversify its energy portfolio. The state-owned firm is buying a strategic minority stake in Washington-based MidOcean Energy, owned and managed by US investment firm EIG Partners. ...
Diana Shipping secures charter extension from Solebay at lower rate New York-listed Greek bulker owner Diana Shipping has won a charter deal for one of its capsize bulkers from Solebay Shipping. The 179,362-dwt, 2011-built bulker Seattle was hired by Solebay Shipping on a gross charter rate of $17,500 per day, minus a 5% commission paid to third parties. The Semiramis Paliou-led company said that the ...
Peak Group and Grieg Edge venture orders up to eight MPPs in China Skarv Shipping Solutions, a Norwegian joint venture between Peak Group and Grieg Edge, has placed an order at Huanghai Shipbuilding in China for up to eight 7,000 dwt multipurpose vessels. The firm deal agreed is for four ships, with an option for another two plus two units. The first vessel will be delivered in the ...
International Seaways ships out vintage MR2 US tanker owner International Seaways has offloaded its 15-year-old MR2 tanker . Brokers have tied the 51,600 dwt ship to an Indian buyer, with Greece's Intermodal placing Mumbai-based Seven Islands Shipping behind the deal worth around $22.4m. New York-listed International Seaways acquired the South Korean-built product tanker following the $2.2bn takeover of Diamond S Shipping, ...
Great Eastern offloads supramax Indian owner Great Eastern Shipping has struck a deal to sell its 2006-built supramax bulk carrier . The price and the buyer of the 52,450 dwt ship Great Eastern picked up for $9m as Tenshou Maru in March 2017, have not been disclosed. The Tsuneishi Cebu-built ship, estimated by VesselsValue to be worth $10m, will ...
Dubai remains Russian shadow tanker hotbed Dubai is the operating nexus for so-called shadow Russian crude oil shipments, according to a new report from the Centre for Research on Energy and Clean Air (CREA), a Helsinki-based research organisation. Of the shadow tankers - ships skirting sanctions and the oil price cap - transporting Russian crude oil operating currently, 41% are registered ...
Constellation lands $392m semisub contract with Petrobras Brazilian offshore driller Constellation Oil Services has secured a new contract with Petrobras for its ultra-deepwater semisub rig . The deal, worth around $392m, will keep the rig fixed for a period of three years. Petrobras is Constellation's largest client, with seven contracts in force. The 2011-built rig, currently on contract with 3R Petroleum, will ...
Average age of the merchant fleet now above 22 years: UNCTAD The global merchant fleet is getting very old and will require hundreds of billions of dollars for its required green transition, a new detailed report from the United Nations has warned. The 126-page Review of Maritime Transport 2023 published by the United Nations Conference on Trade and Development (UNCTAD) in time for today's World Maritime ...
World Maritime Day: Setting a tone for whistleblowers 'MARPOL at 50 - Our commitment goes on' is the theme for this year's World Maritime Day. Steven Jones, the founder of the Seafarers Happiness Index, has this take on crews getting caught in the pollution crosshairs in US waters. It is great to see MARPOL being celebrated and lauded for World Maritime Day 2023 ...
Good week for ammonia in the future fuel race Proponents of ammonia as shipping's ultimate future fuel have had a good week with plenty of news to support the potential transition. Engine maker MAN Energy Solutions has revealed following many tests it is now on track to deliver its first ammonia engine in late-2024, with the full commercial release of the two-stroke engine set ...
Japan Transport Safety Board issues report on Wakashio disaster The Japan Transport Safety Board has issued its report on the grounding of the Wakashio newcastlemax, one of this decade's most high-profile bulker casualties. As with earlier reports into the disaster which caused huge ecological damage to Mauritius, the decision by the crew to head near to shore to seek out a telephone signal was ...
CMA CGM adds another eight ships to giant orderbook CMA CGM has ordered eight methanol dual-fuelled mid-sized boxships at Shanghai Waigaoqiao Shipbuilding. The deal for the 9,200 teu ships is estimated to be worth a total of $1bn Alphaliner statistics show that CMA CGM's huge 1.2m slot orderbook will see it overhaul Maersk to become the second largest liner in the coming years. CMA ...
Ship Concept 2030: Are the world's shipbuilders doing enough to foster innovation? Owners question whether the yards are offering the right solutions. Are shipyards doing enough for foster innovative designs? Sure, they have their snazzy marketing material to hand, their impressive stands at trade fairs, but with the end product - are yards actually willing and able to deliver radically different ships. Many in shipping doubt it. ...
Grieg green shipping joint venture pens MPV newbuilding contract Skarv Shipping Solutions, the joint venture of Norway's Grieg Edge and Peak Group, will take delivery of first in new...
'Hard part' begins now for box sector, Jefferies warns Carriers have seen the summer's rally in transpacific and Asia-Europe freight rates quickly lose momentum, and the picture is further...
Box spot rates slump as Golden Week begins Carrier efforts to support rates through capacity cuts have failed to lift rates. Further blank sailings in sight as peak...
QatarEnergy orders 17 LNG carriers from Hyundai Heavy Industries A total of 77 LNG carriers are expected to be delivered to QatarEnergy, with more to come
Daily Briefing CMA CGM boosts methanol boxship orderbook by adding eight mid-sized vessels at China's SWS | Maritime trade sees slow recovery but...
Inland23: Intermodal providers expect unchanged rates in early 2024 bids If history is any indication, it's unlikely intermodal providers will be able to implement a rate increase in 2024 contracts until the trucking market rebounds.
Shippers to bring European ETS surcharge into carrier contract talks Cargo owners want complete transparency from carriers in their "emission surcharges" that will be levied on customers from the first quarter of 2024 and are looking at how the surcharges can be handled in long-term rate agreements.
UPS bolsters healthcare business with MNX Global Logistics acquisition The addition of Atlanta-based MNX closely follows an acquisition in France as UPS builds out its expedited and temperature-controlled capabilities in the healthcare sector.
John Fredriksen said to be close to deal for large chunk of Euronav fleet Frontline said to be taking in mostly VLCCs as two sides near signing long-rumoured fleet split
Alf Aanonsen fires back in charter spat, arguing Grey Rock claim is 'not valid' Owner of Trinity Enterprise and Trinity Tankers says his companies have a $20m claim of their own
10 years after: John Wobensmith tells ASBA forum about the decade past and the one ahead Genco Shipping chief executive says shipping's become more complicated and that will continue
Carnival finishes connecting Holland America Line fleet to shore power Cruise line began installing shore power capability on 11-ship fleet in 2006
'We need to get started': Solvang scores government funding for carbon capture pilot If successful, plan to install system on ethylene carrier could be followed by newbuildings
Diana Shipping locks capesize bulker into charter with Solebay for nearly two years New York-listed company expects to make at least $11.3m in shipowner's third period deal in a week
Grieg-backed Skarv heads to China for multipurpose newbuildings Company says ship design is ideal for wind, but can work in any shortsea trade
Suez Rajan: Falsified documents, fake signals, a captain's protests and a sea of questions Four simple questions that should be answered following the conclusion of the cargo-transfer case
Sweden's Wallenius Lines taps company lifer to grow shipowning and decarbonisation New CEO wants to boost investment in people as well as tech
Diana Shipping dives into methanol-fuelled bulkers with $92m order for two kamsarmaxes New York-listed shipowner last ordered a newbuilding in January 2014
Have long-term container freight rates reached a turning point? Contract rates rise for the first time this year - but spot rates suffer 'dead cat bounce'
China dashes tanker owners' hopes of more product cargoes and crude imports Government has decided not to issue more allowances for shipments this year
Titanic sub disaster highlights 'need for search and rescue upgrade' Chile calls for more psychological support for rescuers involved in search operations in international waters
Streetwise: Dry bulk's leading dividend evangelist heads south with a message of shares salvation This week's Streetwise takes a look at how John Wobensmith went from banker to shipowner and transformed his Genco Shipping
Berenberg launches carbon emissions trading scheme for shipping German lender targets shipowners looking to purchase EUA's to offset emissions
Two insanitary Cameroon ships banned by Paris MOU as another does a runner Vessels registered with black-list flag fall foul of port state control inspections
ABS boosts Greek credentials with rapid office expansion Athens is home to US-based classification society's most rapidly expanding office worldwide
Great Eastern turns a profit selling bulker bought six years ago Indian owner offloads oldest of five supramaxes in its fleet
Hopes for quick lifting of Russian oil products ban are futile, says minister Ban on most diesel and gasoline exports to rebuild domestic stocks is affecting MR rates in the Atlantic, say brokers
Final piece in New Fortress' first FLNG unit jigsaw leaves for Mexico Third converted jack-up rig due in Altamira in days but schedule for 'Fast LNG' has slipped back
Oaktree-backed GEOS sells $33m in stock to pay for Vroon ships Follow-up offering could also add to fundraising by Norwegian owner
Seacon Shipping eyes vessel buys after securing lease finance for newbuilding Chinese shipowner adding to IPO cash pot with deal to sell cargo ship under construction in Japan
Viewpoint: Denmark leads the call for intense collaboration to get to zero No country can tackle the decarbonisation of shipping alone, say Danish climate leaders as they call for maritime to get connected
Asiatic Lloyd eyes switch to methanol for ultramax bulker newbuildings in China Singapore-based shipowner says study allows it to explore actively the adoption of low-carbon fuel options for its future fleet
Law firm Birketts boosts its shipping team with Ince hires Marine and insurance specialists will operate mainly from the firm's London office
Arrests rise as Ireland confirms record $165m cocaine haul from bulker Matthew Flag state Panama begins investigation into alleged trafficking case
Shipping needs new finance to hit emissions targets, says UN IMO urged to provide certainty on new fuels to encourage investment in clean vessels
Trafigura signs $500m export finance deal to keep Saudi cargoes flowing Saudi EXIM Bank extends three-year facility for oil products and metals shipments
Ukraine grain insurance capacity grows despite Odesa attacks Increasing interest in the high-risk trade from shipowners despite renewed targeting of Black Sea port
Record container ship growth pushes freight and charter market south With close to a boxship a day being delivered for the rest of the year, where is the demand?
Wavelength: Lars Barstad's justice would be a fitting punishment for Putin's war crimes Could Dostoevsky's classic work explain Russia's refusal to consider the consequences of its actions?
Seacon eyes ship buys after securing lease finance for newbuilding Chinese owner adding to IPO cash pot with deal to sell cargo ship under construction in Japan
Bullish ONE mulls Far East order for up to 10 container ships Shipyards in South Korea, Japan and China have been asked to put in their offers
CMA CGM inks order for eight methanol dual-fuel 9,200-teu container ships at Shanghai Waigaoqiao Order marks the largest midsize boxships and first methanol dual-fuel contract for Chinese yard
Asiatic Lloyd eyeing switch to methanol for ultramax bulker newbuildings in China Singapore-based shipowner says study allows it to explore actively the adoption of low-carbon fuel options for its future fleet
CMA CGM inks eight methanol dual-fuel 9,200-teu boxship newbuilds at Shanghai Waigaoqiao Order mars the largest midsize boxships and first methanol dual-fuel contract for Chinese yard
Asiatic Lloyd eyeing switch to methanol for ultramax bulker newbuildings in China Singapore-based shipowner says study allows it to explore actively the adoption of low-carbon fuel options for its future fleet
MAN Energy Solutions first ammonia engine to deliver in late 2024 Danish engine designer says it is taking 'cautious approach' to building up sales
WinGD nets first AiP for ammonia two-stroke engine as race hots up Lloyd's Register said approval in principle will give early movers confidence
How US military equipment for Ukraine is shipped across Atlantic A flood of tanks, military vehicles and weapons systems is flowing from the U.S. to Europe. Shipowner ARC plays a pivotal transport role.
Seacor Holdings sells harbor towing assets operating in Gulf of Mexico Seacor Holdings has sold its U.S. harbor towing operations to firms in Louisiana and Texas.
Aviation, trade sectors brace for government shutdown The Federal Aviation Administration and Customs and Border Protection are two key agencies involved in goods movement that will be short-handed if the government shuts down nonessential services.
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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