Conrad to build four cargo/passenger ferries for Puerto Rico Morgan City, La., based Conrad Shipyard, LLC has been awarded a contract by the Puerto Rico Maritime Transit Authority (PRMTA) for the construction of four cargo/passenger ferry vessels. The ferries, each designed
Eastern gets go ahead on new USACE hopper dredge The U.S. Army Corps of Engineers has given Eastern Shipbuilding Group formal notice to proceed on its recently awarded $257 million contract to design and construct a new medium-class hopper dredge (MCHD),
PODCAST: Getting operators to zero emissions In this edition of Marine Log's Listen Up! podcast, we talk to George Lewis, senior manager-commercial and fast craft product line-North America, and Keith Stanely, senior manager, pleasure craft product line-North America-both
Florida legislators present JAXPORT with US$30 million check Florida Legislators presented JAXPORT with a US$30 million check during the port's monthly Board of Directors meeting. The funding will be used to purchase two new container cranes for the port's Blount Island Marine Terminal. More specifically, the funds were appropriated by the Florida Legislature during this past legislative session under the leadership of House Speaker Paul Renner and Senate
Yang Ming settles another shipper dispute privately Yang Ming Marine Transport has reached an out-of-court settlement with US gourmet food producer MSRF after the latter complained to the US Federal Maritime Commission. In June 2022, MSRF filed a complaint with the FMC, alleging that Yang Ming and South Korean flagship carrier HMM colluded to breach their contractual obligations to itself, and reportedly failed to provide sufficient shipping capac
Port of Wellington announces new director Lachie Johnstone, chairman of CentrePort Wellington, announced the appointment of Jason McDonald to the Board of Directors. Johnstone believes Jason McDonald will be a valuable addition to the board due to his extensive expertise in the energy and infrastructure industries. "Jason joins us with more than 30 years of experience in the electricity industry. This will provide crucial insights to the
New container block-train service launches between Thessaloniki and Skopje Thessaloniki Port Authority (ThPA) announced a new container block-train service between Thessaloniki and Skopje, the capital of the Republic of North Macedonia. At the same time, it marks the one-year anniversary of the railway link between Thessaloniki and Nis, Republic of Serbia. According to a statement, ThPA expands its activities in the two cities, increasing its presence in the sector of i
SGTraDex extends digital logistics innovation MoU with key partnerships from shipping lines A Memorandum of Understanding (MoU) was penned between SGTraDex and shipping lines OOCL, PIL and ONE as an extension to the Digital Collaboration for Logistics Innovation MoU signed earlier on 11 July 2023 with partners PSA Corporation Ltd, CargoERP, Innosys, Keyfields, Haulio, CDAS, SLA and STA. The original MoU led the initiative to create a data-driven logistics ecosystem by driving the adopti
APM Terminals given go ahead to build box terminal in Chittagong Bangladesh government has started talks with Danish shipping and logistic giant Maersk Group on its proposal to set up a container terminal in Laldiar Char in Chittagong spending some US$400 million. APM Terminals, Maersk's port operating company, wants to set up an environment-friendly and automated terminal in 215,000m² of char land that will significantly raise the box handling capacity of Ban
NAVTOR partners with "K" LINE NAVTOR has signed an agreement with Kawasaki Kisen Kaisha, Ltd. ("K" LINE). More specifically, the partnership will see the Norwegian maritime technology company supplying its NavFleet solution as a cornerstone of the development of "K" LINE's 24/7 global fleet monitoring and support system. Also, the facility will help the Japanese maritime logistics giant enhance the safety, efficiency and sust
Sea-Intelligence reports schedule reliability stable at 64.2% Sea-Intelligence has released issue 144 of the Global Liner Performance (GLP) report, which includes schedule reliability numbers through July 2023. "This press release will only include the global highlights from the entire study because the research is extremely detailed and examines schedule reliability across 34 different trade lanes and 60+ carriers," stated Alan Murphy, CEO, of Sea-Intellig
Kerry Logistics reports lower first half revenue and profits Kerry Logistics Network Limited announced that its first-half revenue dropped by 47% year-over-year to US$3.2 billion, while its core operating profit plunged by 84% to US$72.4 million and core net profit fell by 85% to US$46.9 million. Vic Cheung, managing director of Kerry Logistics Network, said, "In 2023 1H, global trade volume and growth remained subdued. Freight rates and volume stayed depr
PSA and KAI ink MoU to boost Indonesia's rail ecosystem PSA Indonesia (PSA) has signed a Memorandum of Understanding (MOU) with PT Kereta Api Indonesia (Persero) (KAI) to work together to improve Indonesia's rail and rail-linked logistics ecosystem. The MoU aims to motivate and align both partners' efforts to boost connectivity and build an efficient and sustainable multimodal transportation network in Indonesia. PSA and KAI will also collaborate on j
ONE service connects US with Latin America Florida International Terminal (FIT) has announced that it will begin serving the new FLX refrigerated cargo service from the end of September. This service will connect Callao (Peru) and Guayaquil (Ecuador) with South Florida and will be operated by ONE. "We are very pleased to join this new ONE offering, which seeks a direct and fast connection to Latin America. Shipments of fruit, vegetables a
Yang Ming settles another case brought by American shipper Taiwanese carrier Yang Ming Marine Transport has reached an out-of-court settlement with a shipper that claimed it was a victim of price manipulation. In June last year, MSRF, a gourmet food producer, filed an official complaint with the Federal Maritime Commission (FMC) against Yang Ming and South Korean counterpart, HMM, claiming the pair had colluded, ...
OceanPal makes chemical tanker play Greek bulker owner OceanPal is entering the chemical tanker segment with an investment in Norwegian entity, RFSea Infrastructure II, which has a pair of 6,600 dwt methanol-ready stainless steel vessels contracted at Wuhu Shipyard in China. The Nasdaq-listed spinoff of Diana Shipping, which counts two capesize bulkers and three panamaxes in its fleet, has teamed ...
China Merchants readies methanol-fuelled VLCC order China Merchants Energy Shipping (CMES) is gearing up to order the world's first methanol dual-fuel very large crude carrier. The board of the Shanghai-listed energy transport unit of China Merchants Group has unanimously approved the construction of one vessel costing $107.5m. The vessel will be built at Dalian Shipbuilding Industry Co (DSIC) for delivery by ...
DP World expands footprint in Turkey DP World has formed a strategic equity partnership with Turkey's Evyap Group, under which the Dubai-headquartered terminal operator will take over Evyap Port (Evyapport) in Izmit Bay. The transaction, subject to regulatory approvals, will see DP World own 58% of Evyap port in exchange for 42% of its Yarimca port container terminal. Established in 2003, ...
Fugro scores Dutch wind site survey work Fugro has won two survey contracts for the development of the Dutch Nederwiek wind farm sites II and III. The contracts, awarded by the Netherlands Enterprise Agency (RVO), are part of the Dutch Government's roadmap, which aims to accelerate the development of offshore wind in the country. Once completed, the wind farms will deliver a ...
Floatel wins accommodation vessel contract in Canada Oslo-based offshore accommodation specialist Floatel International has secured work for one of its vessels in Canada. The owner and operator of five semisub flotels has been awarded a two-to-three-month charter deal by Cenovus Energy at the White Rose field. The contract is expected to start in the summer of 2025, with Cenovus having the option ...
Borr Drilling lines up more work for jackup pair in West Africa Tor Olav Trøim's Borr Drilling has secured more work for two of its premium jackup rigs in West Africa. The 2014-built Prospector 5 and 2018-built Natt have received a letter of award for work in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated ...
Marcura acquires ShipServ Dubai-based maritime software provider Marcura has sealed a deal to acquire online procurement platform ShipServ for an undisclosed sum. This strategic acquisition, described as a significant milestone for both companies, is expected to be finalised in the coming weeks. Founded in 2001 Marcura employs around 850 people working across three segments: voyage-optimisation intelligence platform PortL
Maersk eyes $400m Bangladeshi greenfield terminal Robert Maersk Uggla met with the prime minister of Bangladesh yesterday, keen to extend APM Terminals' footprint in South Asia. APM Terminals is hoping to build a $400m terminal on 53 acres of land at Laldia on the banks of the River Karnaphuli, owned by Chattogram port. Uggla, the chair of AP Moller Maersk, met ...
BW LPG sets sights on US listing VLGC owner BW LPG is planning to list in the US, the company revealed in its second-quarter earnings on Tuesday. No further details about the move were disclosed by the Oslo-listed unit of Singapore's BW Group, except that "more information will be forthcoming when available". BW LPG is one of the world's leading owners and ...
Shareholders agitate for Hapag-Lloyd to take over HMM State creditors in South Korea have outlined how the sales process of HMM, the nation's flagship carrier, will proceed with a group of minority shareholders making their preference clear for the only foreign bidder in the race, Germany's Hapag-Lloyd. Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC) are selling their shares in ...
Peterson seals long-term logistics deal with Harbour Energy Energy logistics firm Peterson has secured a contract from Harbour Energy to support its North Sea operations from Aberdeen. The five-year fixed-term contract with an undisclosed value includes an option to extend for a further five years and will see Peterson deliver the full spectrum of carbon-neutral logistics services for Harbour Energy. The full scope ...
MarineTraffic takes primacy over FleetMon Data analytics firm Kpler is to phase out the FleetMon brand with its other recent acquisition, MarineTraffic, set for primacy. As part of this strategic transition, the FleetMon platform has already stopped registering new users. MarineTraffic and FleetMon have merged in the wake of Kpler buying both of them earlier this year to create the ...
Modern ultramaxes in demand August has been an active month for brokers with close connections to cash-rich accounts. A handful of modern ships have been sold. The latest deal involves Singapore-based Grindrod Shipping selling two Japanese-built 60,400 dwt ultramaxes, the IVS Hayakita, built in 2016, and IVS Bosch Hoek, built in 2015. The ships fetched $46.5m en bloc with some brokers tying Eastern Mediterranean to ...
Workers at Chevron's Australian LNG facilities to strike Workers at Chevron's two Australian LNG plants at Gorgon and Wheatstone have voted to go on strike from September 7 in a long-running battle for better pay. The two sites account for around 5% of all global LNG supply. "Members will be participating in rolling stoppages, bans and limitations which will escalate each week until ...
When blue fuels masquerade as green Andrew Craig-Bennett questions who's going to properly certify the origins of all these new fuels hitting the market. The Emperor's New Clothes is a tale written by Hans Christian Andersen in 1837. Disney hasn't made a film of it; the plot turns on a vain monarch, who is tricked into believing that he has bought ...
US southeast ports brace for hurricane Idalia Florida's US Gulf coast ports shut for vessel traffic, with more closures expected on Atlantic coast
Historic Italian shipping law firm merges with Advant Nctm Studio Legale Berlingieri claims to be oldest law firm in Italy and has provided two past presidents of Comité Maritime...
More ageing containerships head for recycling beaches A total of 54 containerships have now been sold for recycling since the freight market downturn last year
The week in charts: Trade at Ukrainian port temporarily slows after attack | Los Angeles volumes fall in July | South Korean yards build less for more Peak season was off to a sluggish start at the ports of Los Angeles and Long Beach, capesize spot rates...
The week in newbuildings: Orders for bulkers and tankers flood in A total of 38 merchant vessel newbuildings have been contracted in the past fortnight with the majority in the dry...
Yang Ming reaches settlement regarding capacity allocation charge Food importer accused carrier of failing to meet commitments and reselling slots. And undisclosed settlement has now been approved by...
Golden Ocean says dry bulk market remains fundamentally strong Golden Ocean expects improvements throughout the rest of the year and into 2024 as demand continues to recover and fleet...
South Korea to monitor Fukushima ballast water on ships South Korea has imposed checks on ships amid concerns about ballast water from Fukushima, where Japan is pumping treated wastewater...
Marcura Group acquires ShipServ The companies boasted of synergies from the deal, although ShipServ will continue as a separate activity
Family demand answers over seafarer's disappearance from dark tanker The case of Vikram Patel, an Indian able seaman who disappeared from the tanker he was working on board shipping...
BW LPG forecasts sustained demand outlook as it plans US listing Oslo-listed owner will pursue a dual listing in the US to attract more investors amid bullish market sentiment
Maersk Supply Service to cut 130 jobs amid business restructuring Restructuring strategy aims to capitalise on improving offshore support vessel market and accelerating energy transition trends
Trans-Pac carrier reliability slipped in July amid labor woes, Panama Canal limits The ports of Vancouver and Prince Rupert experienced a series of labor disruptions in July during longshore contract negotiations, while the Panama Canal implemented draft restrictions amid a severe drought.
Jaxport receives $30 million in state funds for new cranes at Blount Island The cranes are part of overall improvements to update and expand Blount Island operations and double its current capacity to 500,000 TEU by 2025.
Domestic intermodal volumes jump in early days of new Mexico rail services Since new services from CPKC and CN were launched in May, intermodal volume out of Mexico has surged more than 30% year over year through the end of July.
Rate recovery could buoy container shipping in H2: Cosco But in its interim earnings announcement, Cosco Shipping Holdings also maintained a cautious outlook due to challenges it cited, including the global economy, inflationary pressures in Europe and America, and the delivery of new vessels.
Midsize bulker market stays aloft as ships skip choked-up Panama Canal Longer voyages are taking capacity out of sector and thus keeping average spot rates elevated, according to Braemar
Stena's Hanell says Strait of Hormuz tensions back to 2019 levels Amid new duelling ship seizures, head of Swedish tanker owner believes things have gotten much worse
OceanPal dives into chemical tanker sector with investment in RFOcean newbuildings New York-listed shipowner invests in Norwegian entity ordering ships in China
MR tankers to capitalise as Californian crude demand set to fall, Gibsons says US state will need to bring in more refined products, as well as biofuel
Columbia Group opens up in Indonesia to widen seafarer pool New company formed to tap into vast potential of Asian maritime nation
Profit up and Cadeler raises forecast ahead of Eneti takeover Wind farm vessel owner aiming to complete $1.2bn deal in fourth quarter
London underwriters' backing for risky Red Sea lightering mission pays off No major claims resulted from unloading the vessel that was dubbed a 'time bomb' tanker
Wartsila set to offer onboard carbon capture system by 2025 The company is inviting shipowners to check out their new and existing vessels' suitability for CCS
'Thin supply cushion' to fuel product tanker rate hike, Clarksons says Analysts argue potential supply chain tightness bodes well for shipowners
Cash torrent set to trigger hike in Hafnia dividend payments, analysts say Debt ratio falling as earnings pour in at Singapore tanker shipowner
China Merchants to ink the world's first methanol-fuelled VLCC newbuilding The company will be paying $107.5m for the large crude oil tanker
Shipowners submit first bids for Poland's planned FSRU newbuilding Berth space proving limited for those seeking regas tonnage for 2027 dates
ShipServe takeover: time was right after years of 'flirting' Marcura believes it now has the scale to pull off more big deals
Moller-Maersk feedership bunkers methanol in Rotterdam in European first Feedership makes final stop off on world tour before its planned September naming ceremony in Copenhagen
Marcura tackles tech fragmentation with takeover deal for ShipServ 'twin' Boss Jens Poulsen tells TradeWinds how consolidation is a win-win for companies and clients
Broker Fulford-Smith's pay exceeds £1m as Affinity (Shipping) profit more than trebles CEO of London shop sees total package boosted by higher earnings from tankers, bulkers, LNG and sale-and-purchase desks
Broker Fulford-Smith's pay exceeds £1m as Affinity (Shipping) profit surges 274% CEO of London shop sees total package boosted by higher earnings from tankers, bulkers, LNG and sale and purchase desks
Golden Ocean Group back in the black as bulker markets stabilise Bulker owner has declared another 10 cent dividend
Profit up but cost of Eneti takeover lowers forecast at BW's Cadeler Wind farm vessel owner aiming to complete $1.2bn deal in fourth quarter
Eastern Pacific's Zhoushan LNG bunkering makes it onto TV Refuelling of Singapore owner's newcastlemax was a first at the port
All aboard Scorpio Air? Private Monaco group looks to the sky for latest investment Lauro family vehicle has switched from dry bulk to wind, backed rival tanker companies and now has a new idea
Klaveness and Lauritzen Bulkers team up to test Market Manager data tool Norwegian owner reveals Danish operator as first named client of decision-making software
CMA CGM poised to ink $1bn container ship newbuilding deal despite profit squeeze Liner giant is said to have selected methanol fuelling for the vessels as it pushes ahead with its decarbonisation drive
Marcura tackles tech fragmentation with take-over deal for ShipServ 'twin' Boss Jens Poulsen tells TradeWinds how consolidation is a win-win for companies and clients
Singapore's BW LPG eyes dual listing in United States VLGC player looks to join the likes of Cool Co and Himalaya Shipping in crossing the Atlantic to New York
Maersk Supply Service to cut 130 jobs as it focuses on wind and OSVs Danish company to focus on offshore wind and OSVs in the Atlantic Basin and North Sea
Lufthansa scales up cargo operations at Detroit Metro Airport Lufthansa Cargo no longer has to truck shipments back and forth to Detroit Metro Airport from an outside warehouse after opening a facility next to the airfield.
FAA suspects nearly 5,000 pilots concealing medical issues to keep flying Nearly 5,000 civilian pilots may be providing false information - or excluding it - during their medical examinations in order to continue flying, according to the FAA.
Viewpoint: It's time for shippers using Panama Canal to make decisions With the Panama Canal drought expected to continue, now might be the time for shippers to seek alternatives.
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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