NYK and KNCC up the pressure with LCO2-EP carrier design With interest in carbon capture and storage increasing, more vessel operators, designers and builders are looking at the vessels that will transport that captured carbon to where it will be stored. In
SEACOR Marine orders two new PSVs in China Houston-headquartered SEACOR Marine Holdings Inc. (NYSE: SMHI) reports that it has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global and separate
Ukraine focuses on container shipments as potential war negotiations could boost trade growth This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Crane Worldwide Logistics expands warehouse capacity in UK Crane Worldwide Logistics UK has announced an expansion of its warehouse capacity in the Midlands, driven by strategic growth in contract logistics services. The company has secured an additional facility to accommodate increasing demand. Located in Wellesbourne near Birmingham Airport, the company's multi-user facility provides pick, pack, and ship services. The warehouse also offers a range of
Japan-US container exports rise in October Japan's container exports to the United States reached 58,333 TEUs in October, marking a 7.1% year-on-year increase, according to Descartes Datamyne. Monthly exports remained above 50,000 TEUs from January through August, dipped below this threshold in September, and rebounded in October. Direct shipments from Japan to the US surged by 19.7% to 43,375 TEUs, while transshipped containers declined
Kitting Process: How to Efficiently Improve Order Accuracy The kitting process in warehouse operations offers a transformative approach to improving order accuracy and streamlining the fulfillment cycle. By pre-assembling individual items into ready-to-ship kits before orders are placed, businesses can significantly enhance the efficiency of their supply chain. The kitting process not only simplifies the picking and packing stages but also reduces the po
What Is the Role of Sustainability in Modern Shipping Models? The shipping industry plays a key role in global trade. With increasing focus on sustainability, companies are now prioritizing eco-friendly models to meet demands for greener practices. How do green technologies reshape logistics? Can innovative solutions reduce environmental impact while staying efficient? These questions push the sector toward more responsible operations. This article explores
Shipping demonstrates resilience amidst Red Sea crisis, yet challenges loom ahead This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Economou outfit returns to container market, with reported ZIM charter George Economou's TMS Dry is reportedly behind orders for four 7,900 TEU ships at HJ Shipbuilding & Construction, and the vessels are said to be for long-term charter to ZIM Line. The newbuilding order, announced by the shipbuilder on 25 November, marks the Greek shipping magnate's return to the container sector, after TMS Dry sold the 2010-built 6,500 TEU Miramarin (now KMTC Delhi) to Korea Mari
December Issue of CN Magazine is Here! The much-anticipated December issue of CN Magazine has officially launched today, offering CN Premium members exclusive access to the latest insights in the container shipping industry. Packed with major stories from the past month, this issue is your ultimate guide to staying informed and ahead of the competition. From market trends and regulatory updates to technology advancements and expert an
Hapag-Lloyd opens new office in Uganda Hapag-Lloyd has officially opened a new office in Kampala, the capital of Uganda - a country offering strong connections to five neighbouring countries in East and Central Africa. With a population of approximately 50 million, Uganda is becoming an increasingly attractive market on the African continent, according to the German carrier, adding that the country's economy is on an upward trajectory
Container fire at PortMiami erupts in explosion, shaking nearby homes A dramatic incident unfolded late Friday (29 November) night at PortMiami, when a vehicle erupted in flames inside a shipping container, triggering a powerful explosion that rattled nearby apartment buildings. Around 11:40 p.m. (local time), Miami-Dade Fire Rescue responded to reports of a fire at a cargo yard in the area. Upon arrival, firefighters discovered a vehicle engulfed in flames within
COSCO SHIPPING drives green innovation COSCO SHIPPING has significantly advanced in developing green, low-carbon, and intelligent fleets within its oil, gas, and general cargo specialized sectors, aligning with the international shipping industry's accelerated push toward carbon emission reductions. On 22 November, COSCO SHIPPING Energy signed a pivotal contract with Dalian Shipbuilding Industry and China Shipbuilding Trading to const
Plan your business event with Kraków Convention Bureau When planning a corporate event, whether it's a small team-building session or a large-scale international conference, choosing the right organizer is crucial. Convention bureaus, often overlooked, can be a game-changer in transforming your event into an unforgettable experience. Why is this municipal organization the best partner for foreign business owners? Convention bureau - your unforgettabl
AlfaWall appoints new CEO Anna Wieslander has been appointed as the new CEO of AlfaWall, a joint venture between Soya Group's subsidiary Wallenius Water and Alfa Laval. Through AlfaWall, Wallenius Water and Alfa Laval have jointly developed PureBallast, a chemical-free solution for ballast water treatment. Currently serving as the Chief Operating Officer (COO) at Elonroad AB, Wieslander has previously held several senior
UECC and Titan forge pioneering biomethane partnership United European Car Carriers (UECC) and Titan Clean Fuels (Titan) have solidified a new agreement to supply the majority of liquefied gas used by UECC's multi-fuel ships with biomethane (LBM/bio-LNG) throughout the remainder of 2024 and much of 2025. Building on their established collaboration, this agreement marks a significant step in their shared commitment to adopting LBM. Since 1 July 2024,
Asia-Europe container trade on downward trend In September, Asia's container exports to Europe reached 1.42 million TEUs, according to data from the Japan Maritime Center (JMC) based on Container Trades Statistics (CTS). According to the Japan International Freight Forwarders Association (JIFFA), this marked a slight 0.3% decline year-on-year, the first such decrease in 19 months. However, exports remained stable compared to the previous mon
Maersk orders 20 dual-fuel newbuild container ships Danish ocean carrier Maersk has ordered 20 container vessels equipped with dual-fuel engines. The company signed agreements with three shipyards for the construction of the vessels, which will have a combined capacity of 300,000 TEUs. Maersk has placed an order for two 9,000 TEU and six 17,000 TEU container ships with Yangzijiang Shipbuilding in China. Additionally, they have agreed to build six
Rising Tide of Cargo Theft: A Global Challenge Impacting Supply Chains Cargo theft poses a significant challenge for businesses across various sectors and regions, affecting supply chains and causing considerable financial losses. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Castor takes a loss on boxship sale Cyprus-based shipowner Castor Maritime will sell one of its three containerships, taking a loss of about $3.3m. The Petros Panagiotidis-led company has struck a $16.5m deal with an unaffiliated third party for the 2005-built 2,700 teu Ariana A. The company picked up the German-built boxship, estimated by VesselsValue at $17.25m, in a family-related deal from ...
DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said the new project is a joint venture with one ...
Seacor Marine orders PSVs in China as it clears out AHTS fleet US offshore vessel owner and operator Seacor Marine has ordered two platform supply vessels at China's Fujian Mawei Shipbuilding for delivery in the fourth quarter of 2026 and the first quarter of 2027. The deal with the yard, which earlier this year also secured PSV orders from Evangelos Marinakis-backed Capital Offshore, is worth $82m or ...
Nanjing Tanker heads to GSI for four newbuilds China's Nanjing Tanker is continuing its fleet renewal with a series of panamax tanker newbuilds at a domestic yard. The Shanghai-listed owner under the China Merchants Group said in a filing it would order four 65,000 dwt carriers at Guangzhou Shipyard International (GSI) for about $250m. The vessels are designed to be methanol dual-fuel ready ...
Yinson, PTSC to build floater for project in Vietnam PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has signed a contract for the provision, charter, operation, and maintenance of an FSO vessel for the Lac Da Vang project with Murphy Oil. The contract has a firm period of 10 years with the option to extend up to ...
Houthis fire barrage at passing American convoy The Houthis roared back into action yesterday, firing a barrage of armaments against a passing American convoy in the Red Sea. As is common in the 13-month campaign waged by the Houthis, there are discrepancies in terms of the scale and efficacy of the latest attacks with the Yemeni group claiming it fired 16 ballistic ...
Shelf Drilling jackup gets work off Nigeria United Arab Emirates-based jackup rig pure-play Shelf Drilling has won a contract in Nigeria for one of its rigs. The firm term of the contract is approximately two years. The contract with an unknown customer is scheduled to begin in December 2024. The rig in question is the 1982-built Main Pass IV jackup, one of ...
Economou makes container return with orders in Korea George Economou is making his first container play since quitting the sector in 2020. Multiple broker reports list Economou's Cardiff Marine as the owner behind a recent order in South Korea. HJ Shipbuilding & Construction (HJSC), the yard formerly known as Hanjin Heavy Industries & Construction, recently announced it had won an order for four ...
UK looks at adding shipping to its emissions trading system The splinterisation of shipping environmental rules could accelerate with the election of Donald Trump in the US and news that the UK is looking at adding the sector to its emissions trading system (ETS) from 2026. The UK is carrying out a review of its ETS with a view to adding shipping in a little ...
Panama takes action against sanctioned ships The Panama Maritime Authority (PMA) has initiated the expedited cancellation of six Panamanian-flagged vessels recently added to the UK's sanctions list. The UK has sanctioned more Russian-linked shadow ships than any country, its latest package being announced a week ago. The London-headquartered Barbados Maritime Ship Registry remains the flag with the highest number of UK-sanctioned ...
Chailease in for New Dayang ultramax brace Taiwan's Chailease Holdings has placed an order for ultramax bulk carriers at Chinese builder New Dayang. Through its shipowning subsidiaries, the Taipei-based finance outfit and owner contracted for two Crown 63 Plus design vessels at $35m each with expected delivery in 2028. Chailease is the second Taiwanese owner to book New Dayang ultramax newbuilds after ...
Sirius Shipping returns to China for new tanker series Sweden's Sirius Shipping has gone back to China for more tanker newbuilds in its latest fleet renewal move. The Donsö-based owner has signed for four 7,999 dwt product and chemical carriers at China Merchants Jinling Shipyard (CMJL), Dingheng, for delivery expected in 2027 and 2028. No price has been revealed for the order, which follows ...
Knutsen NYK Carbon Carriers unveils new-look tanker Nippon Yusen Kaisha (NYK) has given shipping a glimpse of a new-look liquefied carbon dioxide (LCO2) tanker featuring elevated pressure cargo tankers. NYK, along with affiliate Knutsen NYK Carbon Carriers (KNCC), is working with Nihon Shipyard to see if KNCC's proprietary technology elevated pressure cargo tanks could lead to a 40,000 cu m design, far ...
K Line wins Indian gas deal Kawasaki Kisen Kaisha (K Line) has signed a long-term time charter contract with India's GAIL for a 174,000 cu m newbuild LNG carrier that will be built at Samsung Heavy Industries and deliver in 2027. K Line has positioned its LNG business as one of its top priority areas for future investment in its latest ...
Transfer of oil from Sounion safely completed off Suez Successful transfer of cargo from fire-ravaged tanker appears to bring curtain down on hair-raising Red Sea drama
The week in charts: Piracy exposure increases in Somali basin | How new Trump tariffs could impact shipping | Fifth of dark fleet tankers now under Western sanctions Rerouting to avoid Houthi aggression has doubled traffic through the Indian Ocean and off the coast of Somalia, Trump poised...
DryDel Shipping inks newbuildings in first capesize foray Move brings orderbook of Costas Delaportas-led company to 10 bulkers
UK to consult on expanding ETS to domestic shipping The UK Government has launched a second consultation on expanding its ETS to domestic shipping, this time focused on implementation
Globus Maritime sees poor prospects for older bulkers as it modernises fleet Bulker owner dips into the red in third quarter despite improved rates for its vessels
San Marino flag removes two suspect marine insurers from P&I club approved list Increased scrutiny of fixed-premium marine insurance P&I providers operating outside the International Group is intensifying amid concerns many are providing...
Top 10 marine insurers 2024 It costs more than $350,000 a year to insure a VLCC and nearly $250,000 to buy cover for a capesize...
Safety of future fuels under scrutiny at IMO The International Maritime Organization is to resume talks on the safety of alternative fuels, including fixing gaps in regulations on...
Large vintage bulkers head for recycling as freight rates soften Three bulk carriers built in the 1990s are bound for recycling, while a former P&O Ferries ro-pax ferry has also...
Top 10 box port operators 2024 PSA tops the list of the world's major container port players once more, as Robert Yildirim's port venture Yilport gains...
Maersk confirms details on owned tonnage newbuilding strategy 'We are pleased to have signed agreements for 20 vessels and thereby completed the acquisition of 300,000 teu capacity,' said Maersk...
US Navy thwarts latest Houthi attack US Central Command said it 'successfully' defeated a range of Houthi weapons, which the rebel group said were targeted at...
Panama starts cancellation of six UK-sanctioned ships Panama Maritime Authority has started cancelling six Panamanian vessels that the UK sanctioned on November 25
Shipbroker SSY 'wants to turn one transaction into four or five' In two years SSY has expanded from 370 people to around 550, and wants to hit 800 staff globally within...
The week in newbuildings: Sirius Shipping boosts chemical tanker orderbook Swedish chemical tanker and product tanker owner Sirius Shipping has signed newbuilding contracts for four 7,999 dwt chemical tankers at...
A fifth of dark fleet tankers now under Western sanctions Falsely flagged tankers embracing fraudulent registries and deceptive shipping practices have fewer trading opportunities and most are relegated to floating...
The Daily View: Innovating through adaptability Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
India's Gail signs long-term charter deal with K Line for LNG newbuilding Gail currently has four LNG carriers and will have two more join the fleet in 2025
Daily Briefing Barbados reconsiders position on sanctioned Russian ship registrations | CSSC chair Wen reportedly implicated in anti-graft investigation | Russia sanctions...
ONE adds to terminal holdings with stake in Indonesian operator The ocean carrier looks to secure berth slots and yard space ahead of 2025 as container lines and new alliances plan to leverage terminal ownership stakes.
FourKites, project44 resolve legal disputes over defamation, poaching The two biggest transportation visibility vendors in the market have been battling each other in court since 2019, but can now refocus on winning market share.
Co-loader slot deals squeezing pricing power for India-US carriers: forwarders While India-USEC spot rates have steadily dropped from a late-July peak because of the demand downturn and increased capacity, co-loaders have been even more aggressive in adjusting rates downward to reach their slot targets.
Freightos, e2open link up on air freight e-bookings for forwarders By connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.
Schedule reliability remains key challenge for China-Europe rail A host of factors can raise transit times on the 11,000-plus kilometer rail network, undermining the trust of cargo owners that is a crucial selling point of the Asia-Europe connection.
Chinese shipowner flips two capesize bulkers for profit Market prices may have come off a little but the deal shows there is still potential for profitable transactions
Work poised to start on VLCC port in Brazil, with next phases focused on containers and recycling First phase focused on ship-to-ship transfers involving large tankers
Maritime Partners' 'warehouse' full of money just got bigger Fast-growing New Orleans financing power keeps building on credit lines
Container ship newbuilding orderbook 'not crazy at all', says Hapag-Lloyd chief German liner giant boss believes the market will absorb the swathe of new vessels on order
Crude tanker owners will be the winners from Donald Trump's Mexican tariff standoff, say analysts Clarksons Securities and Gibsons weigh in on potentially complex rebalancing of trade routes
Red Sea disruption delivers floor for beleaguered tanker market, says Kpler Downbeat on the sector heading into 2025, freight analytics company says added tonne-miles might be needed
'Wide range of ways to create profit': How much money can lucrative BW LPG trading division make? Boss Kristian Sorensen says future performance is hard to predict after stellar third quarter
Eletson legal battle with hedge fund shifts to India with LPG carrier arrest Arrest is most likely a tactical move in wider battle over control of Eletson
Stena banks $128m gain from offloading seven ships LNG carriers among the vessels sold by private Swedish group this year
Angelicoussis Group sells oldest VLCC for 'impressive' price Greek shipowning giant takes one more step in its rolling fleet renewal with tanker deal
Car carrier rates fall and investors sell despite analyst assurances Oslo-listed operators still have plenty to fall back on, ABG Sundal Collier's Petter Haugen argues
World's second-biggest registry to eject ships blacklisted by UK for carrying Russian oil Six vessels earmarked under new Panama decree following largest ever British listing
Costas Delaportas breaks into capesizes with twin order at Namura Shipbuilding Greek bulker owner's DryDel Shipping expands its Japanese orderbook in diversification play with larger vessels
Tristar Eships grabs Scorpio tankers on relet with plenty of flexibility Rates trend towards 2024 year-to-date averages as charterer has choice between clean and dirty trades
Greek owner Transmed tipped to offload suezmax tanker amid falling values Shipowner flips 21-year-old vessel bought around five years ago from Teekay Tankers
Seacor joins PSV newbuilding splurge armed with $391m financing deal Offshore orderbook growing as US owner enters the fray, while exiting AHTS sector
K Line hoovers up $326m of its own shares in buyback drive Japanese owner follows NYK Line in snapping up its own stock
UECC and Titan claim largest ongoing liquefied biomethane commitment in shipping FuelEU overcompliance allowing short sea PCTC owner to explore pooling and banking options
Crude tanker owners will be the winners from Donald Trump's Mexican tariff standoff, say analysts Gibsons and Clarksons Securities weigh in on potentially complex rebalancing of trade routes next year
Klaveness Combination Carriers innovating as it waits on newbuilding price fall Engebret Dahm tells TradeWinds how the shipowner is innovating to meet ambitious targets
Scandlines teams with Caterpillar to drive methanol fuel switch Danish ferry operator looking to add to its list of cleantech deployments
K Line hoovers up $292m of its own shares in buyback drive Japanese owner follows NYK Line in snapping up its own stock
NYK and KNCC advance plans for new-look liquefied CO2 carrier Partners announce more specific study for elevated pressure design vessel
Trafigura on trial over shipping deal 'bribes' Commodities giant faces fine and other defendants could be jailed if found guilty at Swiss hearing
Maersk inks orders for 20 new vessels with Chinese and South Korean shipyards Three yards to build dual-fuel LNG vessels ranging from 9,000 to 17,000-teu
Houthis fire barrage of missiles at US war and supply ship convoy in Gulf of Aden Three commercial ships with known US links are Yemeni rebels' latest target
LNG tops fuel choice in November as container ship orders roll in, DNV says Alternative fuelling figures fell away last month after record October haul, but overall trend remains strong
BW LPG fourth-quarter bookings 'disappoint' as muted impact seen from Avance Gas fleet delivery Charters for the new quarter come in as 'on the soft side'
Greenpeace activists board gas ship in protest at plastics production Charity's workers climbed mast of Japanese vessel in South Korea
Shipowners could be hit with $58,000 per day FuelEU penalties, Clarksons warns Analyst Sarah Holden extrapolates the effects of new regime to 2050
Globus Maritime bets on fuel rules forcing older bulkers out of the market Greek owner says fleet renewal will pay off in energy transition
Sanctions show teeth: Russian tanker arrested as owner struggles with supplier payments Legal sources claim sanctions against Russian banking system make it hard for smaller companies to transfer dollars
BW LPG fixes $460m of finance as profit slips in volatile quarter Listed VLGC owner says market fluctuations will continue
Houthis fire barrage of missiles on US war and supply ship convoy in the Gulf of Aden Three commercial ships with known US links are the Yemeni rebels' latest target
New Dayang Shipbuilding bags $70m bulker contract from Taiwanese owner Taiwan's Chailease Holding has ordered two ultramaxes to be delivered in 2028
Survival of the fittest: How ship recyclers and cash buyers are surviving the big squeeze With few ships to recycle, end-of-life players are turning to alternative methods to generate income
Gas supplier joins Golar-Pan American-YPF Argentinian FLNG project line-up Pampa Energia swells ranks to monetise Vaca Muerta reserves
Houthis attack US cargo ships U.S. Navy warships fought off airborne attacks on a trio of American merchant vessels by Yemen-based Houthi militia.
Trans-Pacific, East Coast ocean rates strong in late November Container rates to the U.S. West and East coasts stayed above $5,000 per FEU as tariff talk and labor issues shadowed shippers' plans.
E-commerce to drive air cargo industry expansion through 2043 The air cargo market will double in size over the next 20 years, and express will be the industry's main growth engine, Boeing said in a new forecast.
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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