NTSB reports on costly fishing vessel collision with containership The National Transportation Safety Board (NTSB) says that failure by its mate to maintain a proper lookout and conducting maintenance on critical equipment while underway led to an October 28, 2022 fishing
Eastern Shipbuilding tapped to complete HOS MPSV duo Panama City, Fla., headquartered Eastern Shipbuilding Group reports that it has been contracted by Zurich American Insurance Company to complete the construction of two ultra high-spec 400 class Multi-Purpose Support Vessels (MPSVs)
Box volume at Nhava Sheva Port hits a new high in 2023 India's Nhava Sheva Port (JNPA) ended 2023 on a strong note, with its annual container throughput reaching a new high. The port saw yearly containerised traffic rise 7% year-over-year to 6.3 million TEUs, according to provisional data collected by Container News. Of six container-handling facilities at Nhava Sheva, PSA Mumbai, also known as Bharat Mumbai Container Terminals (BMCT), led the pack,
HMM launches supply chain carbon calculator for GHG emission monitoring HMM has introduced the Supply Chain Carbon Calculator, a cutting-edge digital platform empowering customers to gain comprehensive visibility into their carbon footprint throughout the entire logistics process. This innovative tool offers analytical insights into total greenhouse gas (GHG) emissions from the Place of Receipt to the Place of Delivery, inclusive of door locations. Through the calcul
Noatum acquires APM Terminals Castellón for US$11 million AD Ports Group, a global leader in logistics, industry, and trade facilitation, has announced that Noatum Terminals, a business unit of Noatum Group, has successfully acquired 100% ownership of APM Terminals Castellón in Spain for a total consideration of approximately US$11 million. The agreement, finalized with APM Terminals, has received regulatory and stakeholder approvals, and the change in
SCFI soars 40% on growing Cape detours The Shanghai Containerised Freight Index surged by 40% on 29 December 2023, as liner operators hiked rates in response to the capacity crunch resulting from Red Sea diversions. That day, the SCFI closed at 1,760 points, up from 1,255 points the previous week, a jump that has only occurred four times since the global financial crisis in 2009. Shanghai-North Europe rates jumped 80% to US$2,694/TEU;
NYK conducts long-term trial use for full-scale introduction of biofuels Commencing in fiscal year 2024, NYK is set to initiate extensive trials for the prolonged use of biofuels, recognized for their potential net-zero CO2 emissions, in the operation of its existing heavy oil-fired vessels. Advancing beyond earlier short-term tests, NYK aims to meticulously assess the safety and secure procurement of biofuels during extended usage. This comprehensive trial not only a
Powering the fleet with alcohol Pierre Aury points out all the shortcomings of methanol as shipping's proposed fuel of the future. Between COP1 and COP28, world CO2 emissions have gone from 23.5bn tons to an all-time high expected in 2023 of 37.5bn tons, a cool 60% increase. But this terrible trend is about to change and shipping will do its ...
New IMarEST chief appointed The Institute of Marine Engineering, Science & Technology (IMarEST) has announced the appointment of Chris Goldsworthy as its new chief executive, replacing Gwynne Lewis who is retiring, having been in the position since 2020. Goldsworthy had been technical director at Hong Kong's Tamar Ship Management prior to the IMarEST posting. "It's an honour to take ...
Master and chief engineer kidnapped off Equatorial Guinea The Tuvalu-registered 13,000 dwt tanker was boarded 45 nautical miles south of Bioko Island, Equatorial Guinea on January 1 with the ship's captain and chief engineer kidnapped. "The vessel was observed transiting at 11kn, before rapidly coming to adrift, the vessel then appeared to drift for 80 minutes before going underway. At the time of ...
Inchcape buys into Leth Suez Transit Inchcape Shipping Services has taken a major stake in Leth Suez Transit, a well know Egyptian shipping agency. Under the new ownership structure, Otto Jervell, the CEO of Leth, will continue to helm the company as a part-owner. Inchcape Shipping Services is a portfolio company of private equity fund Epiris.
AD Ports buys Spanish terminal from APM Terminals AD Ports via Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration of EUR10m ($10.96m). Noatum Terminals' investment in Castellón, where it has already been managing a multipurpose terminal since 2004, is part of its strategy to consolidate its position ...
US-led coalition warns Houthis to stop attacks or face consequences The US, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, Singapore, and the UK have issued a...
Marinakis trims stake in Capital Product ahead of rebranding Move follows Greek owner's sharp increase in shareholding late last year as part of financing Nasdaq-listed company's acquisition of his...
Avance Gas completes fleet renewal with $66m sale of 2008-built VLGC Avance Gas chief executive Øystein Kalleklev says its fleet renewal programme is complete with the $66m sale of 2008-built VLGC...
Latitude founders launch new London marine MGA Company will offer H&M, increased value, war, loss of hire and builder's risks cover, underwritten by A-rated insurers
EU ETS kicks in as prices rebound ETS could cost shipping more than $3bn in 2024, as just 40% of CO2 emissions will be accounted for this...
Dark fleet operator Radiating World Shipping Services moves to evade UK sanctions Four tankers transferred to the newly formed One Moon Marine Services LLC from two entities sanctioned by the UK only...
Nine seafarers kidnapped in Gulf of Guinea Nine crew were kidnapped from a chemical and oil tanker off Malabo, Equatorial Guinea on January 1
Alternative fuel vessels made up nearly half of 2023 orderbook Uptake of alternative fuels in new vessel orders continued to rise in 2023, as the IMO adopted higher emission reduction...
Louis Dreyfus Armateurs orders three ro-ros from China's Wuchang Shipbuilding to replace Airbus' fleet Airbus expects the new transatlantic fleet will reduce emissions by half by 2030
BIMCO promotes Ivø to number two slot Contracts director steps up to deputy secretary-general role
Reports of Houthi missiles fired on Malta-flagged boxship Northbound CMA CMA vessel CMA CGM Tage likely target based on Lloyd's List Intelligence vessel-tracking
Daily Briefing Maersk suspends Red Sea transits until further notice | Asia-Europe boxship freight rates more than double after Houthi attacks |...
Yellow terminal auction redrawing US LTL map as pricing surge subsides With more than 160 facilities still on the auction block, a sizable amount of less-than-truckload capacity once provided by Yellow is up for grabs as the trucking market slows in early 2024.
Port of Baltimore names ex-Everglades CEO as new executive director Jonathan Daniels will take the port's helm in early February, with construction of the Sparrows Point Container Terminal atop his list of priorities.
Lack of green compliance could be costly for some Southern California warehouses The facilities must adhere to new emissions-cutting rules implemented several months ago by regulators or risk daily fines approaching $12,000 per day.
Trans-Pacific air cargo rate rally ends in steep new year dive The strong e-commerce demand from the US that kept trans-Pacific air cargo rates rising through the fourth quarter quickly fell off after the end-of-year holidays.
India-Europe ocean rates keep spiking as more void calls emerge Short-term contract rates on the trade lane have already more than doubled this week from what most major carriers were quoting in the second half of December.
US West Coast ports aim to win back shippers after two-year share loss The ports will be aided by continued transit constraints at the Panama Canal, potentially testy longshore negotiations on the East and Gulf coasts, and terminals that are as fluid as they have been since before the pandemic.
Maersk pauses Red Sea routings after new attacks The carrier's decision to suspend Red Sea sailings for at least 48 hours following two attacks this weekend shows that even as naval forces ramp up patrols in the region, safety is far from guaranteed.
Avance Gas raises hope of 'extraordinary' dividends after impressive VLGC sale Analysts see big payouts coming
London law firm CJC appoints homegrown talent to partners Promotions fit firm's policy of recruiting senior positions from within
Australia slaps six-month ban on Chinese-controlled LNG carrier Maritime safety body cites repairs response of master and manager as reason for barring ship
Clarksons hails 'hugely significant' year for 'alternative fuel capable' newbuildings Clarksons Research's Steve Gordon says 2023 important year for the decarbonisation of shipping
Red Sea risks open door for opportunistic liner players to cash in Crisis sees charter market escalate quickly, with Singaporean player first of many expected to capitalise on higher rates
Avance Gas raises hope of 'big' dividend payouts after 'impressive' VLGC sale Equity analysts see extraordinary dividend payouts coming for Oslo's top shipping stock in 2023
Red Sea risks open door to opportunistic liner players to cash in Crisis sees charter market escalate quickly with Singaporean player first of many expected to capitalise on higher rates
Color Line switches to biofuels to slash emissions by 85% Ropax operator switches two of five vessels to locally sourced low-emission fuels
SeaLead pays big premium to charter feeder for Red Sea business Ambitious carrier pays double for container ship to call Red Sea ports
Tom Fulford-Smith teams with private equity to launch marine insurer New managing general agency has backing from insurance specialist BP Marsh
Navigare Capital hires Orsted executive to drive offshore wind shipping expansion Danish investment manager recruits Anders Windahl
MSC's rapid fleet growth keeps it ahead of the container ship pack Swiss liner giant accounts for nearly half of boxship growth of 2m teu
First female deputy secretary general appointed at Bimco Stinne Taiger Ivo to represent association in contractual work at IMO and EU
Fresh LNG newbuilding action tipped for the new year after orders shrank in 2023 QatarEnergy is poised to firm up its reserved slots in a boost for 2024's numbers
Crew members kidnapped in Gulf of Guinea tanker hijacking Whereabouts of seafarers is currently unknown, according to security sources
LNG newbuilding orders shrank in 2023, but fresh action tipped for the new year QatarEnergy is poised to firm up its reserved slots in a boost for 2024's numbers
Greece's NGM Energy told by Singapore court to litigate $112m collision claim in China Chinese legal jurisdiction affirmed for dispute over suezmax collision
Idan Ofer's Eastern Pacific raises ammonia newbuilding wager with dual-fuel bulker quartet Newbuilding deal comes as BHP and Rio Tinto seek up to six newcastlemaxes to ship iron ore
Airbus business backs Louis Dreyfus ro-ro newbuildings Wind-assisted vessels to transport aircraft components from France to the US
World powers set to meet in bid to end Red Sea shipping 'blackmail' Iran sends elderly frigate as Houthi rebels launch fresh attack
Greece's NGM Energy told by Singapore court to litigate $112.3m collision claim in China City state's High Court affirms Chinese legal jurisdiction for dispute over 2021 suezmax collision off Qingdao
Idan Ofer's Eastern Pacific raises ammonia newbuilding wager with dual-fuel bulk carrier quartet Newbuilding deal comes as mining giants BHP and Rio Tinto seek up to six newcastlemaxes to ship iron ore
John Fredriksen's Avance Gas to pocket $121m profit from series of VLGC sales Oslo-listed company completes fleet renewal with latest profitable asset play
Year Ahead: Shipping needs to join the race for greener fuels in 2024 The challenge is to be in the running to get access to new fuels as society faces fossil fuel phase-out
Fredriksen wins battle of the giants as VLGC stocks shine in stellar year Shipping stocks among top performers on Oslo Stock Exchange in 2023
Red Sea crisis pushes container shipping spot rates to highest level in over a year Latest black swan event propels spot income up 150%
Mining giant Vale backs second-ever dual-fuel VLOC order Sources believe methanol-fuelled Guaibamaxes are earmarked for Vale cargoes
China gatecrashes the cruise ship scene with groundbreaking vessel launch Delivery raises question of how quickly Chinese yards will break the European monopoly
Cedar LNG named as inking its $1.5bn FLNG newbuilding with Samsung Heavy Canadian company swoops on berth at South Korean yard ahead of rivals
Maersk Broker buyout: Hald draws inspiration from rivals after historic ownership shift Chief executive upbeat after surprise management buyout of Maersk Broker
Former Tamar Ship Management technical director named new IMarEST CEO New appointee describes himself as a passionate member of the institute since he started his career
White House warns Red Sea turmoil could hit US economy White House spokesman John Kirby said shipping risks caused by the Middle East conflict could become a "pocketbook" issue for Americans.
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