BOEM approves Atlantic Shores South offshore wind project The U.S. Department of the Interior today announced its approval of the Atlantic Shores South offshore wind energy project, the ninth commercial-scale, U.S. offshore wind energy project approved during the Biden administration.
Wärtsilä will supply systems for two more ammonia-fueled gas carriers Ammonia doesn't produce CO2, sulfur or particulate emissions when combusted, making it a prime candidate to be shipping's new green fuel. There are currently no ammonia-fueled ships in operation, but Antwerp, Belgium,
Chittagong port sees container growth Port of Chittagong attained a 5.36% growth in container handling and a 4.18% rise in cargo handling in the fiscal year 2023-24 which ended on 30 June. Bangladesh's prime seaport could attain the growth despite a 6.63% decline in ships incoming to the port in the year amid import restrictions due to a severe shortage of foreign currency reserve Data shows that the port handled some 3.169 million T
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cargo-partner boosts hazardous materials management in Dutch warehouse Following a recent quality accreditation, cargo-partner has once again enhanced the capabilities of its advanced warehouse in Roermond, the Netherlands, emphasizing its specialized services in the management and storage of hazardous materials. Spanning 7,000 m² of storage space, with a dedicated 3,000 m² area specifically for hazardous goods, the Roermond warehouse is tailored to meet the diverse
Panama Canal announces further increases in draft and daily transits The Panama Canal marked the eighth anniversary of its expansion by announcing an increase in both its draft and daily transits. These updates come as the Canal continues to address climate variability and secure future water supplies. Through an Advisory to Shipping, the Canal revealed that the maximum authorized draft has been raised from 46 to 47 feet (14.33 meters) and will further increase to
Maersk withdraws from DB Schenker takeover - Will this clear path for DSV? Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges. DB Schenker's mother company Deutsche Bahn launched a sale process last year. Maersk said it was considering the takeover of DB Schenker, but Vincent Clerc, CEO of the Danish ocean career, recently stated, "Our inves
Marlink enhances cyber security portfolio with Diverto acquisition Marlink, a provider of managed Information Communications and Technology (ICT) solutions, has completed the acquisition of Diverto, a pioneer in advanced Infortmation Technology (IT) and Operational Technology (OT) security solutions for enterprise and critical infrastructure. This merger significantly enhances Marlink's cyber security offerings and capabilities, forming a unified asset poised to
Pro-Palestine protesters arrested after demonstration outside Maersk headquarters Many pro-Palestine activists were arrested in Copenhagen on 28 June after protesting outside AP Moller Maersk's headquarters. The apprehensions occurred nearly a month after the Palestinian Youth Movement, a cross-border action group formed by Palestinian migrants, launched a global campaign against Maersk Line, called "Mask Off Maersk", on 3 June, claiming that the Danish mainline operator ships
HMM proceeds with onboard carbon capture and storage initiatives In pursuit of its 2050 carbon neutrality goal, HMM is actively advancing multiple initiatives, including the installation and demonstration of an Onboard Carbon Capture and Storage System (OCCS) on the 2,200 TEU container ship HMM Mongla-the first such deployment in South Korea. This technology aims to capture and liquefy carbon dioxide emitted during ship operations, preventing its release into
DP World welcomes two new RMG cranes at London Gateway DP World has celebrated the arrival of two new Rail-Mounted Gantry (RMG) cranes at its London Gateway rail terminal, poised to boost rail capacity at the logistics hub by 50%. Scheduled to commence operations in mid-August, these cranes aim to meet escalating demand for enhanced rail connections and more sustainable supply chain solutions from customers. Additionally, the new cranes are set to am
CMA CGM applies new Indian Subcontinent FAK rates French ocean carrier CMA CGM announced updated Freight All Kinds (FAK) rates from the Indian Subcontinent to several destinations worldwide applicable from 15 July 2024 (gate-in date) until further notice: INDIAN SUBCONTINENT TO EAST COAST CENTRAL AMERICA & CARIBBEAN 20' 40' Caucedo US$7,500 US$8,500 Puerto Cortes US$7,500 US$8,500 INDIAN SUBCONTINENT TO MEXICO EAST COAST 20' 40' Altamira US$7,50
US FMC designates HMM as state-controlled carrier The United States Federal Maritime Commission (FMC) designated HMM as a controlled carrier of the Government of the Republic of Korea and added it to the agency's Controlled Carrier List. Controlled carriers are ocean common carriers operating in US-foreign trades that are directly or indirectly owned or controlled by a foreign government. These carriers are subject to enhanced regulatory oversig
SC Ports pauses construction project to reduce vessel queues and enhance fluidity With the support of the maritime community, South Carolina Ports (SC Ports) is swiftly processing ships and reducing its vessel queue by implementing innovative operational solutions and temporarily halting toe wall construction for ocean carrier and cargo owner customers. These operational solutions have already reduced waiting times and the number of ships on queue. Currently, SC Ports has thre
WiseTech Global acquires Singeste WiseTech Global, the developer of the leading logistics execution software CargoWise, announced that it has acquired Singeste - Sistemas de Informática, Lda (Singeste), a prominent IT solutions provider for the customs sector in Portugal. According to a statement, founded in 1986 and headquartered in Seixal within the Lisbon Metropolitan Area, Singeste's flagship solution, GIDWin, directly interf
DOF buys Maersk Supply Service in $1.1bn deal Norwegian offshore vessel owner DOF has agreed to acquire Danish counterpart Maersk Supply Service from A.P. Moller Holding in a $1.11bn cash and share deal. The combination will create one of the largest Oslo-listed oil services companies, with a combined market cap of around $2.3bn, a workforce of more than 5,400 employees, and 78 vessels, ...
Heerema Marine Contractors wins offshore wind work in Baltic Sea Dutch offshore construction player Heerema Marine Contractors has been awarded contracts for work on offshore wind farms in the Baltic Sea. The company won the deals from MFW Baltyk II and MFW Baltyk III, each a joint venture project owned 50-50 by Equinor and Polenergia. They will include work on the Baltyk 2 and Baltyk ...
OneSubsea to work on TotalEnergies' Kaminho deepwater project SLB's OneSubsea has won a sizeable contract for 13 wellsets plus associated equipment and services in the development of the Kaminho project offshore Angola from French energy major TotalEnergies. The project will be developed by TotalEnergies in two phases for the Cameia and Golfinho discoveries. During the Kaminho project's first phase of development for the ...
CSL pens $598m transhipment vessel deal with BCI Minerals Canadian owner CSL Group has entered into a 21-year, $598m strategic partnership with BCI Minerals to build and operate a new transhipment vessel to support the Mardie salt and potash project. The first phase of the contract involves the provision of a transhipment vessel from CSL in the second half of 2026 while a new ...
Saudi liner newcomer targets fleet growth with Bahri deal Saudi Arabian liner newcomer Folk Maritime is pressing ahead with ambitious growth targets in a deal with Bahri Ship Management, a unit of the kingdom's top shipping line, Bahri, to collaborate on technical shipmanagement, crewing and shipbuilding supervision of Saudi-flagged vessels. Under a memorandum of understanding Bahri Ship Management will support the Riyadh-based feeder operator ...
Jinhui snaps up second capesize Fleet expansion at Chinese bulker owner and operator Jinhui Shipping and Transportation is pressing ahead with the acquisition of a second capesize vessel this year. The Oslo- and Hong Kong-listed company has picked up the 2008 Shanghai Waigaoqiao-built Ocean Courtesy from Singapore's TNB Ocean Shipping for $24m. Jinhui has brought in several vessels either via ...
Purus eyes ammonia and hydrogen FSOs with Bluewater tie-up UK-based diversified shipowner Purus has partnered up with floater specialist Bluewater Energy Services to provide floating storage and offloading (FSO) solutions for low-carbon ammonia, clean hydrogen and carbon capture utilisation and storage markets. The alliance seeks to address the distribution challenges of low-carbon fuels through the application of bespoke floating offshore storage termin
Fujian Guohang Ocean Shipping boosts bulker orderbook with ultramax brace Chinese bulker owner and operator Fujian Guohang Ocean Shipping is expanding its fleet with ultramax newbuilds added to the orderbook. The Beijing Stock Exchange-listed company has returned to Jiangsu Haitong Offshore Engineering Equipment for two 63,500 dwt ships, building on the panamax bulker series it has booked for construction at the yard. Fujian Guohang Ocean ...
Svitzer orders tug trio from Brazilian shipyard Towage provider Svitzer has signed a contract with the Rio Maguari shipyard for the construction of three new tugboats which are expected to increase the company's presence in Brazil. The three vessels currently under construction are part of the 2300 Rampart Series and boast a top speed of 13 knots, an overall length of 23.2 ...
Blackford Dolphin rig finally on its way to India but court cases still unresolved After getting rid of one arrest order and submitting a providing the court with a bank guarantee in another case against the Blackford Dolphin semisub, Dolphin Drilling has finally been able to get things rolling and set the rig on its way to India. This long and very complicated case began in April when Dolphin ...
DryDel linked to another ultramax sale Hot on the heels of its first sale this year, Greek bulker player DryDel Shipping is being linked to another ultramax deal. Multiple brokers, including Clarksons, report the Costas Dellaportas-led company is shipping out the 2010 Oshima-built 61,600 dwt Luna Rossa to an undisclosed Chinese buyer in a deal worth around $20.5m. DryDel, formerly Meadway ...
Enauta cancels deal to buy Modec's FPSO Cidade de Santos Brazilian oil and gas player Enauta has decided to terminate the contract for the acquisition of the FPSO Cidade de Santos with Japanese floater expert Modec. Enauta signed a deal with Modec to buy the FPSO in December 2023 for $48.5m, with $7.275m paid on signing while the outstanding balance was supposed to be paid ...
Jan De Nul lines up Taiwanese wind farm contract Belgian marine contractor Jan De Nul has signed a preferred supplier agreement with Danish fund manager and renewable energy developer Copenhagen Infrastructure Partners to transport and install about 90 km of subsea cables at the Fengmiao 1 wind farm in Taiwan. The scope of work covers the connection of the Fengmiao 1 offshore substation to ...
Eidesvik PSV fixed on five-year deal as Equinor takes option Norwegian offshore vessel owner Eidesvik has picked up another long-term extension with compatriot energy giant Equinor exercising an option on the platform supply vessel Viking Energy. The extension which kicks in in April next year will secure employment for the vessel until the end of the first quarter of 2030, with further extension options attached. ...
Is shipping getting big data wrong? Pierre Aury returns to a familiar topic for his latest column. In this column, we will again look at these new cloud-based maritime solutions rather like I did last month. There is not one advertisement from these vendors that doesn't include a mention regarding big data. One of the vendors for example is claiming that ...
Cash-rich owners pay top dollar for capes in booming market Angelicoussis and some of the former directors of Hong Kong-based Pacific Bulk are behind the latest cape sales as spot rates in the segment surpass the $30,000 per day mark. Both Greek and Far Eastern accounts are battling for tonnage, pushing asset values very high. "The recent surge in freight rates and overall market optimism ...
US classifies HMM as a controlled carrier For more than four years, South Korea's flagship carrier has been known officially as HMM, a rebrand that seemingly has been lost on regulators in Washington. The Federal Maritime Commission (FMC) in the US yesterday classified HMM - which it called by its old name, Hyundai Merchant Marine - as a controlled carrier. Controlled carriers ...
Hapag-Lloyd unveils Hanseatic Global Terminals Hapag-Lloyd's terminal and infrastructure division has been rebranded Hanseatic Global Terminals. Based in Rotterdam, Hanseatic Global Terminals will manage and consolidate terminal and infrastructure investments across 20 terminals in 11 countries. "Hanseatic Global Terminals strongly supports our commitment to quality, efficiency and sustainability," said Dheeraj Bhatia, CEO of Hanseatic Global
Maritime Partners buys hydrogen generation tech firm Maritime Partners, an American provider of maritime financing solutions primarily focused on Jones Act vessels, has completed the acquisition of e1 Marine, a pioneer in hydrogen generation technology for the marine sector. e1 Marine provides clean energy technologies, including advanced methanol-to-hydrogen generation products. "This acquisition marks a significant milestone in Maritime Partners'
Stehle to leave UHL and rejoin forwarder deugro as CCO After navigating the 2019 implosion of Zeamarine and the tumultuous pandemic spillover market with MPV carrier UHL, Stehle will rejoin the project forwarding side of the breakbulk shipping segment as chief commercial officer of the Swiss forwarder deugro.
Domestic intermodal volume up in Q2, but not likely to show in provider revenues Market conditions appear more favorable toward carriers today compared with 12 months ago, but the pendulum is close to a balanced domestic intermodal market heading into the back half of 2024.
Public needs more sober view of supply chain than 'mass hysteria' portrayal Supply chain management is about competitive advantage, and the industry deserves to be better understood than the "freight ignorance" portrayal that is too common today, writes Ted Prince.
Crackdown on e-commerce may dampen booming global air freight: IATA Regulators in the US and Europe are placing online shopping marketplaces under increasing scrutiny as huge volumes of e-commerce packages, imported mainly from China, fill aircraft on trade lanes out of Asia.
Sire 2.0: New tanker vetting regime going live in September, OCIMF says Oil companies' organisation puts shipowners on notice
Greek and Chinese tankers open up new suezmax trade from Russia to US West coast Tankers observed taking two-month journey from Novorossiysk to California
Dawn of new era: Euronav renaming turns page after a volatile chapter The Saverys' US and Brussel-listed company will be renamed from 1 October
World's first tanker powered by liquid hydrogen wins design approval Japanese class society working with Mitsui Engineering & Shipbuilding on prototype
Deutsche Bank keeps one foot in shipping research after exit of star analyst Amit Mehrotra However, doubts remain about the breadth of maritime research expected from specialist Chris Robertson
Jinhui Shipping steps up capesize expansion with secondhand deal Chinese bulker owner made its first entry into the capesize segment earlier this year
Billionaire Gianluigi Aponte now controls one-fifth of global container ship fleet Swiss-Italian carrier's fleet will match that of Maersk and Hapag-Lloyd combined
Alternative fuel ordering drops as owners hedge with 'ready status' designs Clarksons says shipping's 2024 global greenhouse gas emissions set to top pandemic start levels
Consort Bunkers orders four tankers at Cosco to widen methanol push Singapore owner teaming up with compatriots to push forward low-carbon bunkering
Evalend Shipping takes tanker newbuilding drive over $1bn with four-ship swoop Greek shipowner has ordered quartet at a cost of $194m
HMM added to US regulator's 'controlled carrier' list due to state control South Korean owner now subject to certain oversights by Federal Maritime Commission
Titanic shipbuilder Harland & Wolff shares suspended as auditors battle with 'complex' accounts UK shipbuilder missed deadline for delayed 2023 annual report
Shipbroker and owner join forces for ambitious software project in Turkey's Silicon Valley Hands-on owner Canbaz Group backs rare digital offering out of the Bosphorus
Asyad Shipping doubles up on VLCC deal with Hanwha Ocean Omani owner secures 2026 berths
Tsakos Energy product tanker newbuilding splash split between two Chinese shipyards New Times is said to have won a deal for up to four product carriers and Yangzijiang a single vessel
Master goes missing ahead of Iranian VLCC crude transfer trial Whereabouts of captain are not known following seizure of tanker last July
Wilhelmsen eyes cross-sector ship management growth with new Chinese venture Cooperation focuses on tankers, gas, car carriers and cruise sectors
Constantin Baack on 10-ship deal: 'There will be more of these opportunities' Mispricing in boxship markets presents attractive investments
MOL claims sustainable lease financing first for newbuilding chemical tanker Japanese group signs deal with green targets under operating lease
MSC to mop up remaining Gram Car Carriers shares as it pushes through $700m takeover Gianluigi Aponte company wins over most shareholders after small extension to offer
'Cinderellas' of container shipping market cash in as asset prices soar A massive jump in secondhand values tempts owners of smaller boxships to cash in
Avenir LNG linked to Vitol on charter deal for latest newbuilding Shipowner also has a second LNGBV to play with
Calls for more Red Sea protection 'unsuccessful', says Maersk CEO Clerc Danish giant also drops out of bidding for logistics giant DB Schenker, saying timing is not right
Wellard banks strong $12m from 30-year-old livestock carrier sale into Israel Australian owner down to one vessel after agreeing to sell the Ocean Ute
Turkish Airlines orders four 777 cargo jets from Boeing The cargo division of Turkish Airlines has agreed to buy four 777 freighters from Boeing.
DHL selects Northern Air Cargo to operate western US service loop Northern Air Cargo has joined the DHL Express air network as a partial replacement for Mesa Airlines.
Kuehne+Nagel moves into new cargo facility at Birmingham airport Birmingham airport in Alabama has opened its first cargo facility and is leasing it to logistics provider Kuehne+Nagel.
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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