WETA partners with Wärtsilä on ferry fleet electrification San Francisco's Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry system, has signed a strategic partnership agreement that will see Wärtsilä provide its fleet electrification and systems
New Panama Canal hybrid tractor tugs will have Wabtec engines Pittsburgh-headquartered Wabtec Corporation (NYSE: WAB) and its Latin American channel partner, Marinsa International, have recently signed a contract to supply the primary power for 10 new hybrid tractor tugboats being built for
Pentagon: Central Park hijackers were Somalis While all the circumstances surrounding the recent attempted hijacking of the Zodiac Maritime tanker Central Park indicated that the Iranian-backed, Yemen-based Houthis were involved, it seems they likely were involved only to
Unlocking the Mysteries of Shipping Costs with a High-tech Calculator Every shipping transaction echoes the complex symphony of international commerce, connecting businesses and consumers across the globe. Amidst this intricate network, one question consistently surfaces in the planners' banter-how much will it cost to ship? Striking a harmonious balance between efficient service and cost-effectiveness demands a keen understanding of DHL international shipping rate
Port of Rotterdam appoints new representative in North Rhine-Westphalia Ulrich Reuter will represent the Port of Rotterdam in the German state of North Rhine-Westphalia from 1 December, succeeding Wolfgang Hönemann who retired after five years in that position. The Port of Rotterdam Authority has agreements with several ports in North Rhine-Westphalia on optimising logistics connections, digitalisation and energy transition. Reuter has a background in publishing and
PIL extends intermodal service arm solutions to newer Asian markets Singapore-based liner Pacific International Lines (PIL) is consolidating its intermodal offerings to drive integrator goals. PIL Intermodal Services has now extended its presence to Indonesia, Myanmar and Pakistan. The logistics arm provides truck, train and barge solutions to complement the carrier's port-to-port shipping networks. The predominant Asian liner already has an intermodal footprint
Ocean carrier financial figures drop to pre-Covid levels, Sea-Intelligence reports All major shipping lines that report on their financial figures have recorded sharp year-over-year revenue drops in the third quarter of 2023, according to the latest Sea-Intelligence analysis. With the smallest contraction being -51.8%, it does sound alarming, but at the same time, we have to remember that the Y/Y comparison is against a period of high rates. "To counter this volatility, we inst
Bolloré Logistics launches biofuel solution for ocean shipments Bolloré Logistics launches SEAalternative, an offer to reduce carbon impact of ocean shipments thanks to the use of biofuel, aiming to meet International Maritime Organization (IMO) regulations for a 70% reduction in ocean freight CO2e emissions in 2050 compared to 2008. Previously available through two carriers, the SEAalternative solution is now available on any trade lanes and any carriers for
Evergreen splashes out over US$222 million on containers and reefer equipment Taiwanese mainline operator Evergreen Marine Corporation will spend more than US$222 million on more equipment. In a filing to the Taiwan Stock Exchange on 27 November, Evergreen said it will buy 60,000 dry containers, 7,000 reefer containers, 7,000 reefer generators, and 800 special containers. The company said it needs to replace older boxes and meet growing demand to ship refrigerated and froz
AD Ports expands shipping operations in Kazakhstan with new oil tankers AD Ports Group, in collaboration with KazMorTransFlot (KMTF), Kazakhstan's national shipping company, fully-owned by the national Kazakhstan oil company KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan's oil across the Caspian Sea. A naming ceremony took place in Aktau, Kazakhstan, attende
Boxships now hit by Panama Canal crossing restrictions Container ships are now being held up in the Panama Canal as the number of transit slots for such vessels will be reduced from 1 January 2024, according to Linerlytica's report. Linerlytica noted that congestion at the Panama Canal is starting to build up with 22 container ships waiting at the end of last week, of which 14 are neo-panamax vessels. Several carriers have already announced new fees
HHLA's AGV fleet switches from fossil fuels to battery power The automated guided vehicle (AGV) fleet at Hamburger Hafen und Logistik AG's (HHLA) Container Terminal Altenwerder (CTA) in Hamburg is now totally battery-powered. German port and terminal operator HHLA has taken another step in progressively replacing vehicles that operate on fossil fuels with battery-powered alternatives. CTA will decommission the final diesel-powered container transporter (au
CMA CGM to commence new service connecting Asia with Indian Subcontinent French container line CMA CGM will launch a new Asia Subcontinent Express 2 (AS2) service in the next month. The new weekly service will connect major Asian ports with the Indian Subcontinent and will commence on 3 December from the port of Shanghai. The port rotation of the new service will be Shanghai (China) - Ningbo (China) - Shekou (China) - Singapore - Colombo (Sri Lanka) - Mundra (India) -
Arkona Allied Container confirms new project for methanol boxship construction Hamburg-based chartering joint venture Arkona Allied Container (AAC) has confirmed it has initiated the construction of 10 new container vessels under the new "Enviro Feeder" design. The vessels are expected to have low bunker consumption and will be fitted for 45'Foot Container / Land Power / Methanol ready and/or CO2 capture. AAC said the "Enviro Feeder" project has been developed in close coop
Maersk sells remaining shares in Norway's Hoegh Autoliners Danish shipping company AP Moller-Maersk has sold 20 million shares in Norway's Hoegh Autoliners, cutting its holding to zero, according to a stock exchange filing. The sale at a price of 90 Norwegian crowns (US$8.43) per share represented approximately 10.48% of the share capital and votes in Hoegh Autoliners, said the Norwegian RoRo transportation service provider. Therefore, Maersk sold all of
Maersk adds Karachi call to FI3 service Maersk has decided to add a Karachi call to its FI3 service rotation aiming to provide its customers with faster connectivity between the Far East Asian markets and Pakistan. Therefore, the Danish ocean carrier welcomed the 6,690 TEU container ship Maersk Karachi at the South Asia Pakistan Terminals (SAPT) for the first time on the recently updated FI3 service today (28 November). According to th
IRENA, DP World partner to develop decarbonisation solutions The International Renewable Energy Agency (IRENA) has signed a collaboration agreement with DP World, a worldwide supply chain solution provider. The two parties will work together to decarbonise the shipping and port sectors, align present infrastructure, logistics, and operations with the demands of the energy transition, and increase the use of renewable fuels and electrification. The agreemen
Shipping's upcoming dot-com bubble Giampiero Soncini, managing director of Oceanly, is a seasoned maritime IT salesperson. Writing for Splash today he warns of clear similarities between today's shipping tech scene and the dot-com bubble at the start of the century. In 1998 and 1999, at the onset of what became known as the dot.com bubble an incredible frenzy caught ...
Castor Maritime sells bulker after first sale fell through Cyprus-based bulker and boxship owner Castor Maritime has sold its 2005-built, 76,600 dwt panamax bulk carrier Magic Moon. The Nasdaq-listed firm said that the sale was agreed earlier this month with an unaffiliated third party for a price of $11.8m. The vessel is expected to be delivered to its new owner by the end of ...
Atlas Maritime bolsters suezmax tanker orderbook in South Korea Greece's Atlas Maritime has added to its orderbook of suezmax tankers in South Korea. The Leon Patitsas-led company has returned to DH Shipbuilding for two more 158,000 dwt ships, after booking four scrubber-fitted units earlier this year. The first four ships came at around $84m each with delivery in 2025 and 2026. Financial terms and ...
Aegean Shipping orders its first LR2 ice-class newbuilds Greek owner Aegean Shipping Management has returned to Chinese shipyard COSCO Shipping Heavy Industry Yangzhou to build its first LR2 ice-class tankers. The Piraeus-based firm said it has signed up for two product carriers that will comply with the third-stage requirements of the Energy Efficiency Design Index (EEDI) and adopt the most modern, high-quality, and ...
Pyxis Tankers expands bulker fleet with kamsarmax buy Greek owner Pyxis Tankers has entered into a definitive agreement with an unaffiliated third party to purchase a 2015-built, 82,013 dwt dry bulk vessel. The kamsarmax, built by Jiangsu New Yangzi Shipbuilding and fitted with a ballast water treatment system and scrubber, has a purchase price of $26.6m. Pyxis didn't reveal the name of the ...
McDermott given green light for work on Shell's gas field off Trinidad US subsea and deepwater engineering and construction player McDermott has received a limited notice to proceed with an engineering, procurement, construction, and installation (EPCI) contract from Shell for the Manatee gas field development project, located off the east coast of Trinidad and Tobago. Subject to Shell taking a final investment decision, the Manatee project scope ...
Solstad Offshore bags double fixture in Australia Norway's Solstad Offshore has been awarded new contracts in Australia for two of its vessels. The 2009-built construction support vessel Normand Australis, has been fixed to an unnamed subsea contractor for a minimum of 150 days, with options to extend. The contract will start in the fourth quarter of 2023. In addition, the 2014-built large ...
SeaMar seals new DSV charter deal with Neptune Dutch offshore vessel owner SeaMar has clinched a new one-year charter deal with Neptune Energy Netherlands (Neptune) for the 1986-built dive support vessel (DSV) . The Gibraltar-flagged ship has been supporting Neptune with inspection, repair and maintenance (IRM) campaigns in the southern sector of the North Sea on the Dutch continental shelf. In March 2019, ...
Velesto scores $76m jackup rig extension with Carigali Hess Offshore drilling unit of Malaysia's Velesto Energy has secured a contract extension with Carigali Hess for the provision of jackup drilling rig. The contract, valued at around $74m, will see Velesto support Carigali Hess' drilling campaign for about 18 months. The 2015-built rig will be utilised for work, starting in April 2024. Carigali Hess is ...
Seadrill clinches deals for drillship pair in US Gulf Offshore driller Seadrill has added to its backlog with new deals for two drillships in the US Gulf of Mexico. The New York and Oslo-listed company has secured a contract extension worth around $76m with LLOG Exploration Offshore for its 2014-built floater West Neptune. The extension will directly continue the existing contract, keeping the rig ...
CMB's Windcat takes CSOV orderbook to five ships Crew transfer vessel operator Windcat, part of Antwerp-based shipping and logistics group Compagnie Maritime Belge (CMB), has returned to Dutch shipbuilder Damen Shipyards with an order for two more hydrogen-powered commissioning service operation vessels (CSOVs). The order increases Windcat's CSOV fleet to a total of five vessels, leaving the option of acquiring a sixth vessel. ...
Search continues for 12 missing from sunken ship off Greece as new details emerge New details are emerging regarding the cargo ship Raptor that sank off the Greek island of Lesbos on Sunday. The known facts so far are that the Comoros-flagged ship carrying salt to Istanbul with 14 crew on board sank some 4.5 nautical miles southwest of Lesbos. One person has died, one has been rescued and ...
'No one has caused greater harm to free navigation than Russia': Zelensky addresses the IMO Assembly Addressing the the 33rd Assembly of the International Maritime Organization (IMO) yesterday via video link, Ukrainian president Volodymyr Zelensky described the blows to freedom of navigation in the Black Sea over the past 21 months as the worst since the Second World War. Zelensky called on member states to help protect the shipping corridor his ...
Red Sea danger sees Israel-linked ships steer clear More Israeli-linked ships, including those operated by ZIM, the world's 10th largest liner, are diverting, avoiding new hot spots around the Red Sea and the Horn of Africa in the wake of a series of attacks. Israel's 52-day war with Hamas spilled out into the high seas nine days ago when a ship belonging to ...
NOV launches new floating wind installation vessel design Offshore equipment and technology provider NOV has revealed its Enhydra floating wind installation vessel (FWIV) concept. The FWIV is the next design in GustoMSC's Enhydra offshore wind support vessel series, and its design characteristics resemble the FWIV's namesake - the sea otter. This FWIV concept is a result of a collaboration between NOV's Marine and ...
Dolphin Drilling wins work for Borgland Dolphin off UK Offshore driller Dolphin Drilling has won a contract for the semi-submersible drilling rig from EnQuest in the UK. The contract includes a firm 137-day drilling programme and includes a contribution for the reactivation of the Borgland Dolphin. EnQuest has a further option, to be confirmed within 90 days of contract signing, to extend for a ...
New Zealand ranks bottom in new containership emissions study New Zealand's reputation as a clean and green country has taken a hit in a new report on global container vessel emissions; the country a victim of its distance from the main tradelanes where larger, more efficient ships work. The study carried out by tech firm VesselBot analysed emissions by country of departure from January ...
Maersk cashes out of Hoegh Autoliners AP Moller-Maersk has cashed out of its position as the second largest shareholder in Hoegh Autoliners. The Danish liner giant has sold its 20m shares in the Scandinavian car carrier company for NOK1.8bn ($169m). The shares, which were sold at NOK90 each, accounted for 10.5% ownership and voting rights in the Oslo-listed company. Maersk has ...
Japan celebrates delivery of a liquefied CO2 carrier The Shimonoseki Shipyard of Mitsubishi Heavy Industries today handed over a new type of ship for Japanese shipbuilders, a liquefied CO2 carrier, which will serve as a demonstration test ship for a seaborne trade many are predicting will bubble up in the years to come. With government backing, the Excool was christened today and handed ...
Words matter: Net is not zero Madadh MacLaine, secretary-general of the Zero Emissions Ship Technology Association, is a fan of our lead columnist. Here, she dives into the unacceptable wiggle room some environmental terminology can give our industry. Andrew Craig-Bennett calling out the word net in relation to zero is spot on. Net zero is a cop out. It's a buzz ...
Pyxis Tankers makes another bulker move with kasmarmax acquisition from Safe Bulkers Pyxis Tankers has agreed to acquire a 2015-built kasmarmax from Safe Bulkers. It is the tanker owner' second dry bulk...
Ghost of bankrupt US retailer comes to haunt MSC in gargantuan FMC complaint Bankrupt US home goods retailer Bed Bath and Beyond has filed an FMC complaint against Swiss liner MSC alleging exploitative...
Maersk diverts Israel-linked vessels from high-risk area A string of recent attacks on vessels linked to Israeli interests have seen at least two carriers divert away from...
Carrier ETS surcharges should converge There is still a wide disparity in the prices being indicated for the initial quarter of ETS implementation. But some...
White House announces new actions to strengthen supply chains The White House has unveiled new measures it says will strengthen US supply chains
Underwriters fear aggregation loss on Israeli ships War risk premiums for Red Sea transits are only moderately higher since the start of Gaza fighting, but could rise...
South Korea to boost presence in green and autonomous vessels Japan and China also have plans for autonomous vessels with test voyages underway
Overcapacity hits equipment sector as market slows Carriers boosted their container fleets to deal with congestion-driven shortages. But as the market has normalised there is now excess...
Maersk sells entire Höegh Autoliners shareholding at height of vehicle carrier market Exit from Höegh Autoliners comes 15 years after Maersk transferred its 12-strong vehicle carrier fleet to Oslo-based pure car and...
Saverys: Blue ammonia could ramp up fuel supplies Alexander Saverys said making 'blue' ammonia, with carbon capture, could help ramp up early supplies, as the industry looks to...
Zim to alter routes amid threat to Israel-linked vessels Israeli carrier Zim is rerouting some vessels in light of 'the threat to safe transit of global trade in the...
Daily Briefing Israel-linked shipping re-routes as Yemen threat escalates | Israeli shipowners set to pay more for Red Sea war risk cover...
End of EU block exemption a 'missed opportunity' for regulators: ITF's Merk European regulators have never had enough information to effectively monitor the container shipping industry since the consortia block exemption rule was introduced in 2009, according to Olaf Merk.
Busy intra-Asia market bucks trend in driving container demand growth: analyst The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen.
India-US contract rates hit fresh lows despite lower capacity from sailing cuts Given the persistent downward pressure on demand, it remains to be seen if India-US carriers will be able to push through a new round of modest rate hikes planned for December.
Control of US LTL capacity in 2024 hangs on sale of Yellow terminals An auction of Yellow's 174 owned terminals is scheduled for Tuesday, with winning bids to be disclosed on Friday while a separate battle continues over 149 leased terminals.
CoolCo questioned on newbuildings employment in 'quieter-than-expected' market Company says Panama Canal becoming a real bottleneck
The return of Ned Sherwood: still disgruntled, not 'pleased' and 'mad as hell' Navios Maritime Partners investor is back with a sequel of sorts as he pans Angeliki Frangou's performance anew
Capesize spot rates reach 18-month high as transatlantic iron ore demand stays firm Large bulkers' rally will not last as Brazil's rainy season approaches, analyst says
Two bulkers fetch two-year charters as period rates pick up Diana Shipping capesize comes off 20-month fixture that earned much more per day
Bimco urges caution on Pentagon's Somali piracy attack claim But the shipowners' association is wary over a potential re-emergence of Somali piracy threat
MR at $166,000 per day? Scorpio Tankers keeps killing it in Atlantic Basin Product tanker giant says Panama Canal is having an impact on multiple outsized fixtures
Maersk diverting ships away from Red Sea amid safety concerns Concerns for crew, ship and cargo mean two more boxships deviate from normal routes
Delfin Midstream adds on new LNG sales deal with Gunvor Company in 'final stages' of sanctioning its first three floating LNG production units
Pyxis Tankers moves further into dry arena with deal to buy Safe Bulkers kamsarmax Greek owner says it was the buyer of a vessel whose sale was announced on Monday
Future fuels: Lighting a fire under maritime's fuels revolution Novel developments in alternative fuels get to the heart of the matter
Tankers International teams with Baltic Exchange on VLCC data and benchmarks London pool operation says collaboration will boost its fixture app
CoolCo gears up for winter market strength as expenses rise Market for TFDE vessels has jumped to $167,500 per day in the fourth quarter
Greek owners aiming to time supercycle right with entry into offshore shipping Savvy buyers are looking to acquire scarce tonnage in a suddenly hot market, but others have been ahead of the game
Green for go: Clarksons forecasts 'another positive year' for tankers in 2025 All signals pointing upwards for shipowners over the next couple of years
'I hate leaving survivors by themselves': the rescuer who remained on pitching deck Coast Guard swimmer Caleb Halle was given the International Maritime Organization's top bravery award
A $110m VLCC? Interested parties kick the tyres as tanker values climb A potential deal would force the market to 'recalibrate' its models, Fearnleys says
Sierra Leone ports operational with reduced hours following armed clashes Capital was reportedly shut down and borders sealed after attack on prison and barracks
Is th US playing politics as questions remain over identity of Central Park attackers? Houthis or Somalis? Conflicting evidence is mulled over by the industry after Zodiac tanker incident
Oslo bourse loses another shipping company as GC Rieber goes private Norway's Rieber family will delist offshore wind vessel operation after reaching 98% ownership
Steel-hungry CMA CGM seeks sub-panamax container ship newbuildings Far East shipyards are being asked to quote on 10 vessels
CMB's Windcat orders two more hydrogen-powered CSOVs in Vietnam Deal lifts tally for Belgian owner's offshore wind division to five vessels
Stolt-Nielsen re-routes giant chemical tanker fleet away from 'unreliable' Panama Canal Norwegian group says shippers need reassurance that cargoes will arrive on time
German Tanker Shipping inks up to six handysize product tankers worth $360m at China This is the first time the company has ordered from the Far East
Australia Pacific LNG exports halted as MOL and Cosco-owned carrier breaks down in port Origin Energy says two cargoes already delayed and more disruption is likely at Curtis Island
Red Sea war risk market hardens for Israeli-linked ships Concern grows over targeting of ships
Oaktree tries - again - to cash in on Torm shares with $89m sale US private equity player puts more stock up for grabs after pulling March disposal
Mitsui & Co named as buyer behind Hyundai Mipo gas carriers Japanese trading house pays close to $72m apiece for conventionally fuelled LPG newbuildings
Genco snaps up scrubber-fitted capesize in renewal push CEO Wobensmith says the acquisition will lower fleet age and boost earnings capacity
Cool Co gears up for winter market strength as expenses rise Market for TFDE vessels has jumped to $167,500 per day in the fourth quarter
Avance Gas says VLGC market 'continues to rip' as profit heads up CEO Oystein Kalleklev thinks the best is yet to come in hot sector
Chinese investor with $188m claim behind HK Albatross Maritime VLCC arrest The tanker Inherit was arrested in Singapore over hefty cargo claim, court records show
Future fuels: Ammonia-fuelled vessels polarise opinions over design and operation First movers and advocates explain all for fast followers
In pictures: Womar reels in the chemical tanker crowd at Andaz luxury hotel Some 350 guests turned out for the pool operators' annual event in Singapore
NRP makes offshore shipping move in tandem with Kenneth Fjeld's Vega Maritime Acquisition of Canadian PSV is the latest example of money moving into a hot market
MR at $166k a day? Scorpio Tankers keeps killing it in Atlantic Basin Product tanker giant says Panama Canal having impact on multiple outsized fixtures
Chartering and newbuildings boost full-year profit at Marco Polo Marine Singapore-listed offshore company lifted by stronger business across both its main market segments
Israel's Zim warns of 'longer transit times' as it decides to reroute some vessels Haifa-based liner operator commits to eastern Mediterranean ports but takes measures to keep ships and crews safe
Pentagon official says Somalis, not Houthis, boarded Zodiac tanker It is unclear why missiles from Yemen were fired toward US Navy ship
Bankrupt Bed Bath & Beyond files $316M mega-claim against MSC MSC, the world's largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
Atlas Air to buy 2 new Boeing 777 freighters Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength [...]
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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