Damen unveils an electric SOV that can charge offshore Damen Shipyards Group has taken the wraps off its latest vessel offering: a fully electric 70-meter service operations vessel (SOV) with offshore charging capabilities. Offshore charging of the electric SOV paves the
ABB to power new Spanish Navy submarine rescue vessel The Spanish Navy is to get a new submarine rescue vessel to replace its current 46-year old vessel, the Neptune, originally launched as a tugboat in 1945. The Spanish Navy is currently
US shipper seeks US$347 million compensation in MSC case DK Butterfly-1 Inc. is looking to recoup costs and reparations for losses during the pandemic of up to US$347 million in a complaint filed with the Federal Maritime Commission (FMC) against MSC on 28 November. The shipper, formerly known as Bed Bath and Beyond (BBBY) was forced to file for Chapter 11 bankruptcy protection in April this year as a result of MSC allegedly taking unfair advantage of
Kuehne+Nagel buys Canada-based customs broker Kuehne+Nagel has announced the acquisition of Farrow, a Canada-based customs broker, saying this transaction complements its offering for companies that increasingly rely on customs clearance services and supports the growing demand in an environment of increasingly complex international trade regulations. Headquartered in Windsor, Ontario, Canada, Farrow's service is rooted in a 112-year heritag
ClassNK releases guidelines for cyber resilience of on-board systems and equipment ClassNK has released "Guidelines for Cyber resilience of on-board systems and equipment". The guidelines expound new IACS Unified Requirements (UR). IACS has established UR E26 for ships and UR E27 for on-board systems and equipment as minimum requirements for cyber resilience, which is the capability to reduce the occurrence and mitigate the effects of cyber incidents due to cyber-attacks. The U
Melbourne's Victoria International Container Terminal to complete another expansion phase Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.'s (ICTSI) operation at the Port of Melbourne in Australia, is gearing up to meet the challenges of the next year and beyond with the scheduled completion of Phase 3A of its expansion project in December. The AU$235 million (US$155 million) project is being carried out in two phases. Phase 3A will inc
MSC introduces Panama Canal surcharge MSC has announced it will implement a Panama Canal Surcharge (PCS) of US$297 / container for cargo from Adia to the Caribbean transiting the Panama Canal. The new surcharge will be effective from 15 December. "During the second quarter of 2023, the Panama Canal Authority decided to reduce the draft from 14.94 to 13.41. Despite several measures to conserve water taken over the last months, the lac
Hapag-Lloyd adds port call to Atlantic Loop 4 Hapag-Lloyd has announced an update on the Atlantic Loop 4 (AL4), which will include a direct call in the port of Wilhelmshaven from January 2024. The updated service rotation will be as follows: Le Havre (France) - London Gateway (UK) - Antwerp (Belgium) - Hamburg (Germany) - Wilhelmshaven (Germany) - Veracruz (Mexico) - Altamira (Mexico) - Houston (US) The post appeared first on Container News
Port of Rotterdam Authority officially commissions Container Exchange Route After a long preliminary phase, the Container Exchange Route (CER) on the Maasvlakte in the port of Rotterdam was officially commissioned on 28 November. The 17-kilometre-long closed road network currently links the container terminals of Rotterdam World Gateway (RWG), the Delta terminal of Hutchison Ports ECT Rotterdam (ECT), the terminals and depots of QTerminals Kramer Rotterdam (KDD, RCT and
WinGD debuts VCR technology on NYK Line newbuildings Swiss marine power company WinGD will realise the first commercial installments of its new variable compression ratio (VCR) technology on two new dual-fuel LNG-powered vessels being built for NYK Line. A 95,000 DWT bulk carrier being built at Oshima Shipbuilding Co. and a 7,000 CEU pure car and truck carrier (PCTC) being built at Shin Kurushima Dockyard Co. will be the first two-stroke powered ve
More container shipping capacity moves to South America and Africa Mainline operators are turning their attention to the Far East-Africa and Far East-South America routes as demand wanes on the major East-West trades, according to Alphaliner. During the Covid-19 pandemic, carriers shifted capacity to the big East West trades to take advantage of the sky high freight rates for export cargo from the Far East to North America and Europe. This resulted in a capacity
CMA CGM alters FAL 1 and FAL3 services on Asia-North Europe network CMA CGM has decided to implement changes on its FAL1 and FAL3 services connecting Asia with North Europe aiming to improve operational efficiency. Effective from the 48th week, the French ocean carrier will suspend FAL 3 service call on Cai Mep port in Vietnam. "We will re-assess the possibility of inserting the call again in 2024 thanks to improved nautical conditions," said CMA CGM in a stateme
MG is gearing up: how the worldwide holding changes logistics MG is a worldwide corporation uniting several companies under its banner with each and every one being a leader in its expertise. "We create multiple points of contact which enable clients to seamlessly deliver goods all across the world," says MG. First Minsk Terminal ( FMT ) FMT is a modern facility which gates-in more than 50 containers every day. "Comfort for clients is our priority," noted F
Plans revealed for zero-emission ammonia bunker vessels Norwegian ammonia bunkering startup Azane Fuel Solutions has developed its own zero-emissions bunker vessel design. The joint venture between ECONNECT Energy and Amon Maritime has partnered with US-based startup Amogy to explore the technical and commercial feasibility of using its ammonia-to-power system on board the vessel. The collaboration will also look into using an Azane ...
CMB and Boeckmans team up for hydrogen-powered newbuilds Belgium's Compagnie Maritime Belge, via its cleantech division, CMB.Tech has teamed up with compatriot shipping company Boeckmans to build four hydrogen-powered general cargo vessels. The 5,000 dwt ships will be built at the Dung Quat shipyard in Vietnam with the first delivery expected in the second half of 2025. The ships, designed jointly with Handelskade, ...
MMHE seals landmark offshore wind contract Malaysia Marine and Heavy Engineering (MMHE) has secured a contract for its first offshore wind project. As a subcontractor to Petrofac, a subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), will work on an offshore substation for TenneT's Ijmuiden ver Alpha project in the Netherlands. With 40 gigawatts, the Dutch-German transmission system operator ...
MSC readies megamax for carbon capture treatment Mediterranean Shipping Co (MSC), the world's largest containerline, has earmarked a big ship to be installed with a Chinese-fabricated carbon capture and utilisation system (CCUS). Alphaliner has tipped the 23,756 teu MSC Mia as the ship likely for the installation when it goes in for drydocking in a year's time. The technology is being provided ...
Jinhui sells another veteran supramax Oslo- and Hong Kong-listed Jinhui Shipping and Transportation has sold another one of its ageing supramax bulkers. The Chinese bulker owner and operator is offloading the 52,500 dwt to Hong Kong-incorporated King Lucky Ocean for around $9.6m. The 2006 Tsuneishi Cebu-built vessel, which Jinhui purchased for $9.3m from Greek owner Unisea Shipping as Makiki in ...
Diana Shipping fixes out cape to K Line Greek bulker owner Diana Shipping has entered into a time charter contract with Kawasaki Kisen Kaisha (K Line) for one of its capesize vessels. K Line hired the 2015-built, 180,960 dwt bulker on a gross charter rate of $20,000 per day, minus a 5% commission paid to third parties, for a period until a minimum ...
IKEA owner buys stake in two OX2's Swedish offshore wind projects Stockholm-based renewable energy developer OX2 has sold a stake in two Swedish offshore wind projects to IKEA owner Ingka Investments. The transaction includes a 49% stake in the Pleione project located east of Gotland and the Neptunus project located southeast of Blekinge which amounted to 2.4 GW in OX2's development portfolio in the third quarter ...
2020 Bulkers switches newcastlemaxes to fixed deals Newcastlemax owner 2020 Bulkers has switched four of its ships from index-linked charter into a fixed-rate hire. The Oslo-listed owner has fixed the 2019-built Bulk Sandefjord and 2020-built Bulk Shenzhen, Bulk Sydney and Bulk Santos from December to end-March 2024, including scrubber benefits. Specifically, three ships have been fixed for December 2023 and March 2024 ...
Maersk joins Red Sea exodus Ships with links to Israel are diverting in greater numbers from the Red and Arabian Seas following a series of attacks over the past 11 days by Houthis, Iranians and Somalis. Danish liner giant Maersk became the latest big name to announce that a pair of its ships on charter - Lisa and Maersk Pagani ...
COP28's debatable influence on shipping stirs controversy Dubai airport has rolled out the red carpet today for a host of dignitaries flying in for COP28, the annual United Nations Climate Change Conference. The shipping industry will be watching on to see what concrete comes out of the 12 days of talks. The sector has had a growing presence in recent COP meetings, ...
$316m case filed against MSC in the US In the largest suit filed in the history of the Federal Maritime Commission (FMC), Mediterranean Shipping Co (MSC), the world's largest container line, is potentially on the hook for $316m. DK Butterfly 1, the bankruptcy estate of Bed Bath & Beyond, has filed an extraordinary case with the Washington DC-based regulator against MSC, seeking $158m ...
Saipem lands two offshore contracts worth $1.9bn Italian offshore engineering and construction giant Saipem has won contracts in Guyana and Brazil worth a total of around $1.9bn. The first contract has been awarded by ExxonMobil's subsidiary in Guyana for the proposed Whiptail oilfield development located in the Stabroek block. Saipem's scope of work includes the design, fabrication and installation of subsea structures, ...
Korean yards advance overseas production plans: Splash Extra The November edition of Splash Extra launches today with a look at maxed out Korean yards eyeing overseas expansion for the first time since the global financial crisis. South Korea's top three yards are tipped to be working beyond their design capacity next year, having also struggled to keep up with production schedules in 2023. ...
Conoship showcases another future-proof vessel design Conoship International has revealed a new design for a "future-proof" general cargo vessel. Following in the footsteps of its CIP3600 and CIP3800 models, Conoship said the new ship, dubbed CIP6300, has been designed to ensure the lowest possible fuel consumption. The 99.99-m-long unit features diesel-electric propulsion, an enlarged propeller, optimised hull lines, and is ready ...
Shipping's diversity stats analysed Results of a survey carried out by the Diversity Study Group (DSG), featuring responses from more than 2,500 people spanning 99 nationalities, show the changing demographics of the shipping workforce ashore. The DSG's annual review of shore-based staff shows the overall gender split was 52.2% male and 45% female. This is a clear move towards ...
Crown Estate Scotland pens exclusivity agreements for seven offshore wind projects Crown Estate Scotland has put in place exclusivity agreements for seven offshore wind projects as part of the Innovation and Targeted Oil & Gas (INTOG) leasing round. The seven projects joined five projects which secured exclusivity agreements earlier this year, taking the total number of INTOG projects to 12 from a total of thirteen agreements ...
Tool developed to help shipping stakeholders identify best ports for sustainable first mover initiatives Environmental Defense Fund (EDF) and Lloyd's Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transition away from fossil fuels. The tool scores a port's potential to produce and bunker electrofuels w
Korean yards ready overseas expansion With Korean yards struggling to stick to production schedules this year and projected to be working beyond their design capacity in 2024, the biggest names in the sector are readying to pull the trigger on overseas expansion plans not seen since the previous yard boom 15 years ago. The nation's dominant top three yards, HD ...
Covering turbulent times As editorial director of this parish I am always exhorting our reporters about the importance of follow-up stories. Hot button issues in shipping can be a rich seam for us to get through slower news cycles. What's noticeable now though is that the big stories of the day are pouring in at levels that are ...
November 2023 Review The Saverys family-controlled Compagnie Maritime Belge (CMB) officially took control of Euronav last week with John Fredriksen selling his stake in the tanker giant in return for 24 Euronav VLCCs. Alexander Saverys took over from Lieve Logghe as CEO at the Belgian tanker giant. Further transit cuts were announced at the parched Panama Canal, whereby ...
A tale of two tanker hemispheres Oil prices drifted in November. The WTI January contract started the month at around $85 per barrel but was closer to $75 by the end of the month. Brent slid through November from around $87 to $81 by Thanksgiving. Mexican crude fell from around $78 to $73 over the same dates. The OPEC basket started ...
Capesize rollercoaster The Chinese government, spurred by October's deflationary price indices, has acted more decisively on property and construction markets in November, ordering state-owned banks to ease lending conditions for property developers and mortgage borrowers. This month, the central bank put more liquidity into the key medium term lending facility, the key mortgage funding product, than in ...
Containers face headwinds from multiple directions As the US economy continues to defy the doomsayers, teu throughput at US ports finally broke above the 2022 level for October, rising 4.7% month-on-month and 11.4% year-on-year to 2.31m teu. In truth this is really because US containerised imports peaked in September 2022 and then fell from about 2.51m to 2.16m teu in a ...
Analyst Abstract Tankers MRs being fixed at $166,000 a day is something beyond the wildest dreams of even the most bullish tanker owner - and yet it has come to pass with Scorpio Tankers reporting the five-year-old, 49,900 dwt STI Esles II has been fixed this past weekend from the US Gulf to the west coast of ...
S&P brokers ready to clock off for the year It's rare that Splash Extra has to reach for a dictionary following a conversation with a shipbroker. Extremely rare. Nevertheless we learned a new word this week for the act of stretching oneself and yawning, especially upon waking. "The S&P market is pandiculating," said one broker, with Splash Extra feigning like we knew what he ...
Competing visions for the future of shipmanagement How the shipmanagement sector is changing, and offering solutions to shipping's complex future formed an hour of debate at last month's exclusive Maritime CEO Forum gathering held at the Monaco Yacht Club. On stage were five CEOs who between them look after more than 2,000 ships - each executive with diverse views on how they ...
Iran oil seizures near $300m as US sells latest cargo The 980,000 barrels of Iranian crude oil seized by US authorities off the Suez Rajan have been sold to an...
Fresh US sanctions target Iran's oil revenues for first time in months The US has slapped sanctions designated to cripple Iran's oil revenues for first time since March, targeting networks selling commodities...
ICS expresses 'serious concern' at Red Sea attacks Gard issues loss prevention advice for vessels transiting region
Carriers have opportunities to ease supply imbalance Deliveries are being pushed back but new orders are already coming in. Slow steaming and higher scrapping levels will be...
EU navies monitoring dhow hijacked off Somalia EU Navfor said it tracked a dhow hijacked last week out of concerns it could be used to stage attacks...
Braemar aiming to triple full-year profit after resumption of listing Shipbroker pledges new business model built on tight regulatory compliance, as firm bounces back from share suspension caused by investigation...
Euronav plans 'more equal balance' of shareholder cash and energy transition Belgian tanker giant says it will diversify, decarbonise and optimise its fleet, after its $2.4bn deal to end the battle...
Port of Antwerp-Bruges to be alternative fuel-ready in 2025 Antwerp-Bruges port authority aims to bunker its first ammonia in 2024 after completing risk assessments as terminals prepare for future...
Carriers cascade capacity to north-south trades Asia-North America trades have seen capacity reduced in an effort to prop up rates. But the influx of ultra-large containerships...
Top 10 class societies 2023 The world's leading classification societies are fundamental to the decarbonisation and digitalisation of shipping. The year 2023 has seen a flow...
Fujian Shipping orders two ultramaxes at Nantiong Xiangyu Shipbuilding New eco-designed vessels to help enhance the mid-sized owner's fleet efficiency and reduce emissions
Daily Briefing Maersk diverts Israel-linked vessels from high-risk area | Underwriters fear aggregation loss on Israeli ships | Saverys: Blue ammonia could...
Shipping lines to absorb carbon costs but speeds will drop: HSBC Capability to offer carbon-neutral shipping solutions at scale will become a new source of competitiveness for carriers, says a research...
Roadrunner to enter Canada as K+N, Canada Cartage make cross-border acquisitions The expansion of the three companies, all representing different modes across the US-Canadian border, underscores the depth of the relationship between the two economies.
USDA invests $200 million to boost agricultural sector's export efforts The fresh funding is part of recent federal efforts to increase economic opportunities for farmers and reduce food costs for US residents.
UP boosts intermodal service with new Houston connections, Phoenix ramp The Class I railroad sees an opportunity to tap growth at the Gulf Coast's busiest port with new intermodal lanes, while expanding its inland reach from Los Angeles and Long Beach.
New CMA CGM service adds to intra-Asia capacity boost for Indian shippers The move complements a flurry of Asia-India service additions by niche regional carriers and newer feeder operators in recent months.
Shipbroking titan Michael Tusiani wins CMA commodore hat Connecticut Maritime Organization takes rare move of granting annual award to a non-shipowner
Millions of dollars in proceeds as US sells Iranian crude cargo seized from Suez Rajan After costs, US government secures net proceeds of $74.7m
NAT pays fatter-than-expected dividend as suezmax bookings point to strong end to year Fourth-quarter bookings are higher than expected as analyst questions high costs
ICS calls for the protection of 'innocent seafarers' after Red Sea attacks Shipowners' association wants influential states to help end paramilitary targeting of ships
GasLog takes out $108m of redeemable shares after massive $2.8bn refinancing Greek LNG carrier buys back most of a 2015 issue costing 8.75% in interest
'Numerous' reports of suspicious activity in Gulf of Aden after Houthi hijack and pirate boarding, says UKMTO Warning comes after suspected pirate attack on tanker
Braemar's Tris Simmonds following profit formula for future acquisitions Deals will be driven by how quickly the bottom line can be boosted
V Group enters carbon trading sector in strategic tie-up Partnership designed to help shipowners meet compliance with EU ETS
Three charged in Hamburg over container ship demolition sale Case dates back to 2017 demolition in Alang, India
Gunvor Ulstein back as Ulstein Group CEO after Cathrine Marti quits Executive from Norwegian shipbuilder's owning family returns to hot seat three years after stepping aside
Castor takes less for panamax bulker after March sale fell through Second time lucky for Cypriot owner, but profit will be less
Container lines brace for 30% drop in Panama Canal transits Transit restrictions have finally started to affect the sector
One for the history books: Capesize spot rates make biggest daily leap since 2010 Panellists made the biggest daily increase to their weighted average assessment of capesize spot rates since 2010
Braemar back on growth hunt after 'huge distraction' of deal probe, says James Gundy Broker's boss says legacy transaction investigation is now behind the company
Future fuels: The key to alternative fuels? Affordable, renewable electricity Hydrogen is tipped to be a feedstock for the fuels of the future, but not without plenty of electricity
CMB teams with Boeckmans to order four hydrogen-powered cargo ships Saverys family powering ahead with clean shipping revolution through Vietnamese deal
Bimco predicts two years of solid profits for tankers Low orderbook and long-haul voyages underpin prospects despite concerns over further production cuts
LNG Panama Canal transits slashed to just four or five per month, says Angelicoussis Group's Sveinung Stohle Angelicoussis Group deputy CEO names steam turbine ships as 'black swan' of LNG shipping
Swedish handysize bulker refloated in Detroit River, Coast Guard confirms Vessel will be inspected by class to see if it is fit to continue voyage to Italy
German Tanker Shipping inks handysize product tankers worth $360m at China This is the first time the company has ordered from the Far East
Greece set to quadruple gas export capacity by 2025 Incoming FSRU will double country's import capability from early 2024
Russia's lucrative India tanker trades imperilled by currency conundrum Traders say problems have arisen with payment for crude cargoes in rupees
Greece's Benelux Overseas orders gas carriers as it embarks on fleet upgrade Deal lands China's Huangpu Wenchong its first export LPG newbuilding contract
Euronav resumes dividend but warns energy transition spending will take equal priority Payout to shareholders had been delayed while the Saverys family and John Fredriksen split the company's fleet
'Russia needs skills and shipyards to cope with newbuilding demand', Putin told United Shipbuilding Corp chairman Andrey Kostin highlights capacity shortfall as country looks to boost its merchant fleet
Bigger Braemar stays on course to double profit by 2025 despite six-month dip UK broker says acquisitions from 2022 have more than offset a fall in freight rates in some sectors
SeaTech Solutions joins partnership to design and build India's first electric harbour tug Fresh from launching Singapore's first electric cargo vessel, green marine tech company sets sights on Indian ports
Swedish handysize bulker refloated in Detroit River, confirms USCG Coast Guard says vessel will be inspected by class to see if it is fit to continue voyage to Italy
In pictures: Womar reels in the chemical tanker crowd in Singapore Some 350 guests turned out for the pool operators' annual event
Singapore floats two design options to bidders for planned FSRU Tender emerges for floating regasification unit to boost island republic's LNG import arsenal
Covid-era neglect 'triggers spike in ship mechanical failures' Head of Australia's maritime safety authority says he has not seen such a level of problems for three decades
What about the Galaxy Leader crew? They are hostages too 'Essential worker' status sought for crews amid Covid is more important than ever as Black Swan-like events dog shipping
Fifty deficiencies found on car carrier detained by UK port state control Reasons for detentions largely related to fire issues
No reservation at Panama Canal? Prepare for a long wait As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.
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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