Marine Log announces Top Women in Maritime Celebration event Since 2020, Marine Log's Top Women in Maritime Awards have celebrated a diverse group of women for their outstanding professional achievements, whether they work shoreside or onboard vessels. This year, Marine Log,
Thordon launches new T-BOSS shaft solution for the sterntubeless ship Unveiled by Canada's Thordon Bearings at the SMM trade fair in Hamburg, the Thordon-Blue Ocean Stern Space (T-BOSS) is a new solution designed to meet the propeller shaft requirements of the sterntubeless
MAN PrimeServ Hamburg gears up for future The maritime service industry is facing changing times and, to adapt to them, MAN Energy Solutions' largest service-center - MAN PrimeServ Hamburg - is making changes to its core concept. It cites
FERRIES 2024: Managing chaos as a small ferry operator While Marine Log's FERRIES conference has traditionally spotlighted larger operations, valuable insights can also be gleaned from smaller ferry services-particularly those operating multiple trips daily throughout the year. One such example is
What to Do After a Car Accident Experiencing a car accident can be a distressing and disorienting event. It's essential to know the proper steps to take immediately after an accident to ensure your safety, protect your legal rights, and manage the aftermath effectively. This guide provides a comprehensive overview of what to do after a car accident, including immediate actions, legal considerations, and dealing with insurance a
CMA CGM announces surcharge expiration from Middle East Gulf & Pakistan to South Africa French ocean carrier CMA CGM has notified its customers that a Peak Season Surcharge from all Middle East Gulf and Pakistan ports to South Africa was expired on 3 September 2024. The surcharge was set at US$200 per TEU. If you liked this post, please consider donating The post appeared first on Container News .
ClassNK releases updated 'Alternative Fuels Insight' report ClassNK has released Version 2.0 of its report, 'ClassNK Alternative Fuels Insight,' which was originally published in May 2024. This updated version includes the latest data on alternative fuel ships, encompassing orders, deliveries, demand projections, and cost simulations specifically for ammonia-fueled vessels. The report is designed to assist customers in making informed decisions regarding
SeaLead links Far East, India and Djibouti with new service SeaLead will launch a direct liner service, named Far East India Djibouti (FID) service, connecting China, India, and Djibouti, on 5 September 2024. The FID service will operate on a weekly basis. The westbound journey starts in Shanghai, making stops at Ningbo, Nansha, Port Klang, Colombo, Nhava Sheva, and Mundra before reaching Djibouti. The eastbound route will take a direct path from Djibouti
Maersk appoints new Managing Director for India, Bangladesh and Sri Lanka Maersk has appointed Christopher Cook as its new Managing Director for India, Bangladesh, and Sri Lanka. Cook, who will start in his new role on 1 October, has extensive experience, having held numerous significant leadership roles at Maersk, the most recent being his current position as Managing Director of UAE, Oman, and Qatar. "I am deeply honoured to take on the role of leading the team in So
Port Houston announces new CEO Charlie Jenkins has officially assumed the role of Chief Executive Officer at Port Houston, taking the helm from long-time executive director Roger Guenther, who retired on 28 August. Jenkins has worked at Port Houston for more than 30 years and was named incoming CEO in April 2024 after most recently serving in the critical role of Chief Channel Infrastructure Officer. Port Houston CEO Charlie J
Liner operators' margins hit post-Covid peak Alphaliner's report today (4 September) stated that margins for the nine largest liner operators topped 20% in Q2 2024, the highest since the Covid-19 pandemic, as the tonnage overhang was absorbed by the Red Sea crisis. As in the early days of the pandemic, carriers with strong spot exposure to Far East exports performed best in the latest quarter. Taiwanese operator Evergreen Marine Corporation
Reducing Environmental Impact with Alternative Fuel Vehicle (AFV) With the UK government confirming its pledge to zero-emission HGVs in the UK by 2040 in November of 2021, it's clear that the days of petrol and diesel trucks are numbered. Heavy goods vehicles (HGVs) are known for their high carbon emissions, and the adoption of Alternative Fuel Vehicles (AFVs) is seen as the answer to the problem. That said, the successful transition to these new vehicles depen
Hapag-Lloyd increases rates from Chile to North America Hapag-Lloyd has announced a General Rate Increase (GRI) for shipments from Chile to North America, effective from 5 October. This increase will apply to both dry and reefer containers and will remain in effect until further notice. The specifics of the increase are as follows: From Chile to the US East Coast, US Gulf, and Canada East Coast: US$200 per dry container From Chile to the US East Coast
CMA CGM applies new rates from Europe to Latin America and Caribbean Effective from 1 October 2024 (based on the loading date at the origin ports) until further notice, CMA CGM will implement new Freight All Kinds (FAK) rates for shipments originating from North Europe, the United Kingdom, the Baltics, Scandinavia, Poland, and the West Mediterranean and destined to the West Coast of South America, the West Coast of Mexico, the Caribbean, and Central America (exclu
Port of Oakland unveils US first ARCHES hydrogen hub On 30 August, Port of Oakland officials hosted U.S. Senator Alex Padilla (D-Calif.), California Governor Gavin Newsom, and U.S. Department of Energy Under Secretary David Crane for a Port tour, marking the official launch of the nation's first Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) Hydrogen Hub. This event supports a US$1.2 billion federal investment in California's hydroge
Ex-Asia ocean rates ease slightly to start the month For shipments to North Europe and the Mediterranean the arrival window for this year's peak season goods - taking into account longer transit times around the south of Africa and the upcoming Golden Week slowdown in China - is closing, removing some demand-side pressure on rates. Prices to North Europe remain five times higher than in 2019, but relative to their July peaks rates have now decrease
First e-truck charging station opens at Port of Hamburg E.ON has launched its first dedicated charging site for electric trucks in Germany, located on the grounds of the port of Hamburg along the A7 motorway. This site features four charging stations, each equipped with a 400-kilowatt charger, allowing trucks to recharge during the mandatory 45-minute break required by law. "When it comes to truck charging stations, we pay special attention to the nee
MSC vessel loses 46 boxes overboard off South Africa, following two CMA CGM ship incidents Liberia-flagged container vessel MSC Antonia has suffered severe weather in the Indian Ocean corridor, leading to the loss of 46 boxes and the damage of another 305 containers. "The incident occurred approximately 29 nautical miles northeast of Port St. Johns while the vessel was en route from Colombo, Sri Lanka to New York, US. In light of the container loss, a navigation warning has been issued
Maritime Dynamics: China's role in Southeast Asia and Gulf trade routes As reported by Container News , Chinese ports handled 190.9 million TEUs from January to July, marking an 8.3% increase compared to the previous year. In light of this, it is important to examine China's control over maritime trade routes and to consider the broader strategic impact of China's investments in various ports throughout Southeast Asia and Africa. China has been involved in at least 1
Porthos CCS project: A milestone for Europe's carbon storage The construction of the Porthos CCS project in Rotterdam's port area is progressing well, marking the first large-scale CO2 transport and storage initiative in the European Union. Porthos is laying the groundwork for future carbon capture and storage (CCS) projects across northwest Europe. The project's commencement was celebrated by key figures, including Rotterdam's Mayor Ahmed Aboutaleb, Minis
Noble wraps up Diamond Offshore acquisition Offshore drilling giant Noble Corporation has completed the acquisition of US offshore rig owner Diamond Drilling, after getting the final permit earlier this week. Noble said that the transaction, valued at around $2.1bn, enhances its position as a leading offshore driller, creating the largest fleet of 7th-generation dual-BOP drillships in the industry. Through this acquisition, ...
Transocean pens $123m six-well drillship deal in India Swiss-based offshore driller Transocean has been awarded a binding letter of award for one of its drillships. Reliance Industries awarded the LoA to the Dhirubhai Deepwater KG1 drillship for six wells offshore India. The 300-day program is expected to begin in the second quarter of 2026 and will contribute approximately $123m in backlog, excluding additional ...
Transocean finds buyer for two rigs worth $342m Offshore driller Transocean has entered into agreements with a third party to sell two of its rigs for a total of $342m. The two rigs in question are the Development Driller III and the Discoverer Inspiration. The former and its associated assets will be sold for $195m while the latter will be sold for $147m. ...
Two confirmed dead in helicopter crash during seafarer rescue attempt off India Two members of a four-strong crew Indian Coast Guard (ICG) helicopter were found dead after it crash-landed in the Arabian Sea during an attempt to evacuate a member of an India-flagged 46,000-dwt MR tanker Hari Leela. The ICG said that the helicopter was launched around 11 pm local time on Monday in response to a ...
Spot workboat availability platform launched at SMM Rotterdam-based Nauticworx has debuted its workboat availability platform at the world's largest shipping expo, SMM. A recently founded digital company said it aims to assist in achieving the goals of both shipowners with fleet downtime and charterers in need of a workboat for urgent offshore, maritime or port projects. The platform provides a solution for ...
KNOT Offshore Partners bags vessel swap deal with parent Shuttle tanker player KNOT Offshore Partners is swapping ships with parent Knutsen NYK Offshore Tankers (KNOT) via a sale and purchase deal that will see it end up with a 10-year younger and larger model. The New York-listed firm has agreed to buy the 2021-built 152,800 dwt suezmax Tuva Knutsen from KNOT while selling its ...
BAL moves on pair of 14,000 teu newbuilds BAL Container Line is assuming control of two ultra-large containership newbuildings worth about $290m. BAL's parent company, LC Logistics, said in a Hong Kong Stock Exchange filing that the company had been novated contracts for a pair of 14,000 teu boxships at Jiangnan Shipyard in a deal with Lecang Fantasy worth around $58m, representing 20% ...
Dutch offshore wind zones split into smaller sites to decrease developer risk Offshore wind farm zones in the Netherlands set for the next permit tender round have been split into sites of 1GW to reduce financial risks for developers. The Netherlands Enterprise Agency (RVO) said that the new permit tender round for the construction and operation of wind farms in the North Sea would start in autumn ...
MSC secondhand splurge nears 400 ships in four years Gianluigi Aponte's Mediterranean Shipping Co (MSC) has continued to cement itself at the top of liner rankings with additional secondhand tonnage that take the Swiss-based carrier's purchases in the last four years to nearly 400 ships. The liner giant has been tied to a double buy from German owners, boosting its 4-year shopping spree of ...
EDF Renewables buys first offshore wind project in South Korea Offshore wind developer EDF Renewables, a subsidiary of France's utility EDF, has acquired 100% of Shell Overseas Holdings's shares in a company exploring the development of a high-power offshore wind project in South Korea. Through the acquisition of the company, named West Sea Energy 1, it will acquire its first offshore wind project in South ...
Shell taps Helix for well intervention services in Gulf of Mexico Houston-based offshore contractor Helix Energy Solutions has entered into a new multi-year contract with energy giant Shell to continue providing well intervention services in the US Gulf of Mexico. Under the contract, which will begin in 2025, Helix will provide an increased minimum number of days annually with the Q5000 riser-based well intervention vessel, intervention ...
Saipem scores big with $1bn deal from Saudi Aramco Italian offshore engineering and construction giant Saipem has been awarded two offshore contracts in Saudi Arabia worth approximately $1bn under its existing long-term agreement with Saudi Aramco. Saipem's scope of work under the first contract involves the engineering, procurement, construction, and installation (EPCI) of three production deck modules, 33 km of subsea rigid pipelines with ...
Troubled ship carrying ammonium nitrate causes concern at the port of Tromso A ship en route from Russia to Spain with a potentially explosive cargo of 20,000 tons of ammonium nitrate has caused concern in northern Norway after it ran into difficulties early in its voyage. The Malta-flagged, 37,000 dwt Ruby open hatch carrier sought a port of refuge at the port of Tromso in the far ...
MSC boxship becomes latest vessel to lose containers overboard off South Africa Ships taking the alternative, non-Houthi route between Asia and Europe face another perilous situation, namely the rough seas around South Africa. The 6,966 teu MSC Antonia lost 46 boxes overboard last week during severe weather conditions with another 305 containers damaged, according the increasingly busy South African Maritime Safety Authority (SAMSA). In response, a navigational ...
How Eswatini created a shipping register by accident The landlocked African state of Eswatini has finally conceded that the opaque ship register established in its name should not...
Greek owners keep the faith, despite 'darkening clouds' Consultancy cites a range of increasing risks for shipping, noting that the effects of geopolitical disruption should not be considered...
Resumption of US LNG exports rests on election result LNG export projects have been put on hold since January by the Biden administration, but the industry is banking on...
Owners can refuse Red Sea orders. After that, it gets complicated Sounion casualty will reignite debate over each side's obligations under standard charterparty clauses
Bab el Mandeb transits see first meaningful increase since start of Red Sea crisis It would be reasonable to expect transits through the Bab el Mandeb to continue to fall given the threat posed...
'Alternative solution' unclear for Sounion salvage as operation postponed Sounion is still anchored in the Red Sea and still burning, and after the original plan to tow the tanker...
Greener ships not seeing cheaper loans, study finds A UCL study has shed light on the limits of voluntary green ship finance schemes
Gothenburg completes largest upgrade in 40 years Arendal 2 has taken six years to complete and has been designed to take into account the relocation of Swedish...
NorthStandard highlights expanded geographical reach in first half of policy year Revamped website has increased emphasis on risk intelligence
Second strike at South Korea's major shipyards foreshadows more disruptions An agreement between the parties remains elusive. If no acceptable proposals are made by the companies, further strikes and rallies...
LR pushes biofuels as cost-effective way to meet regulations But feedstock availability and aviation demand challenge biofuel adoption in shipping
New senior marine underwriter at Markel Former P&I man O'Neill comes over from QBE
Seaspan plots fleet expansion with plans for more vehicle carriers 'Our strategy is to grow and we are looking at other markets. Car carriers is a market in which we...
Bahri denies VLCC Amjad hit by Houthi missiles, asserts vessel 'fully operational' UKMTO reported there were no casualties on the tanker Blue Lagoon I and it was still en route to its...
Daily Briefing Not safe to begin towing Sounion, salvors decide | Libyan oil exports frozen as political crisis continues | Shipowner calls...
Houston's new port chief plots terminal fluidity as key to container growth New cranes on order will serve the larger ships that are coming with the expected 2025 completion of a multi-year project to widen Houston's ship channel to accommodate two-way traffic of neo-Panamax vessels, Charlie Jenkins tells the Journal of Commerce.
Standard Forwarding deal would speed consolidation among small LTL carriers The possible sale of DHL Freight's US regional LTL arm to Jack Cooper would be the latest in a series of acquisitions aimed at building larger LTL networks.
New ship deployments don't always improve service: analyst Shippers with substantial cargo volumes and just-in-time inventories look for an optimum mix of frequency, transit time and schedule reliability in ocean services, writes analyst Jeremey Masters.
Severe rainstorms swamp India's container supply chains Mundra - India's top container port - is dealing with operational chaos after it was forced to halt operations for a few days last week in the aftermath of severe weather.
Rising sea levels and tropical cyclones: How climate change is set to double port damage costs Oxford University study explores key threat to port facilities
Frontline, bad actors and the Upside Down: How one shipowner speaks for mainstream shipping Lars Barstad's comments reflect widespread disbelief that Russian and Iranian oil is still flowing in a parallel maritime universe
Green Seas: A one-on-one with IMO secretary general Arsenio Dominguez Leader of UN's global shipping body talks to TradeWinds about the Red Sea crisis, seafarers, decarbonisation and more
About face: Deutsche Bank expands research coverage into dry bulk sector Two familiar names added to Chris Robertson's coverage list as bank adds to tanker ratings
Capesize spot rates jump up and down in bumpy week Big gains earlier this week have been shortlived as fixing activity slows in the Pacific
Insurers face $150bn annual bills from natural catastrophes Researchers have warned ports are vulnerable to rising sea levels and harsher storms
Opec+ rethinks plan to boost production after oil price slump Potential swift end to Libyan political crisis could force U-turn amid global economic woes
'Frustrated' Oldendorff Carriers sets up sustainable shipping centre German owner-operator thinks decarbonisation technologies are being developed too slowly
NYK brings share buyback spend to $345m with latest deals Cash-rich shipowning giant continues to scoop up stock on Tokyo exchange
Newbuilding delays rising as engine delivery schedules slide, warns MAN ES boss Engine maker says two-stroke licensees need to spend three times as long with each engine test before delivery
'Historically large' fine over Russian tanker protests for Greenpeace Environmental group says Danish court's penalty could have major consequences for future action against oil exports
Putin visits new yard site as Russia plots more tankers and gas carriers President inspects site near Vladivostok aiming to produce 12 ships per year
MSC takes secondhand fleet purchase tally to nearly 400 ships Boxship brace from German owners continues liner giants' four-year spending spree
European liner operators beaten by their Asian rivals in 'two-tier' market Evergreen tops list as liner operators log their best operating margins outside Covid era
'I came here to break the mould,' says IMO chief Arsenio Dominguez Priorities for secretary general are safety and protection of seafarers plus decarbonisation
BAL adds $290m boxship newbuilds in deal with principal Xin Xu's private Lecang Fantasy Novation deal with Jiangnan Shipyard adds to Hong Kong-listed group's orderbook
Product tankers face tonne-mile hit as long-awaited Mexican refinery begins operations Clean market set for another shake-up as Pemex's Olmeca plant processes first barrels
Bound4blue's suction sail gets DNV safety certification 'A dream is finally coming true', says DNV
Transatlantic diesel tanker trade has some road to run yet despite green shifts, Poten says Product vessels still in business due to geopolitical disruption even though demand is dropping
Red Sea turnaround key to reigniting shipping's project finance market, says Pareto Bank High vessel prices are also cited as dampening activity
Maersk starts to dive in on volumes of biomethane and e-methane for fuel Industry players wrestle with fuelling choices
Borealis Maritime's offshore venture beefs up top team as it adds another Marinakis PSV Offshore shipowner brings in Green Sea Service and OSM Thome executives
Norway orders ship with explosive cargo to depart after taking refuge in port Bulker carrying ammonium nitrate sought shelter after storm
Red Sea turnaround key to re-igniting shipping's project finance market, says Pareto Bank High vessel prices are also cited as dampening activity
Helicopter crew lost in attempted rescue of injured seafarer from MR tanker Three Indian Coast Guard personnel feared dead in accident off Porbandar coast
Major oil producer signs up for pollution clean-up fund Gulf state at risk from tanker trade casualty despite small coastline
Hunt on for containers lost from MSC and CMA CGM boxships in South African storms Maritime authority urges other vessels to exercise caution after latest incidents
Hill Dickinson enters formal law alliance with Singapore law firm PDLegal The alliance allows the firms to jointly provide their services while remaining as separate entities
High newbuilding price 'an issue' for Hapag-Lloyd boss Rolf Habben Jansen Shipowners confident new tonnage is needed but wary of going 'all in' amid wave of uncertainties
'I came here to break the mold,' says IMO chief Arsenio Dominguez Priorities for secretary general are safety and protection of seafarers plus decarbonisation
Turkish tanker operator profits on sales of recently acquired product tankers Istanbul-based owner has in the past week sold both an LR1 and an MR2 product tanker to Asian buyers
What's the worst that could happen? How data could help shipowners plan for the unexpected Modelling doesn't give the full picture - but worst-case scenarios are getting worse
Fire safety failings are turning container ships into vulnerable giants, warns Munich Re High-cost casualties have focused attention on the structural shortcomings of ever-larger vessels
Seacon suezmax tanker lifts Niger crude as three-month pipeline row ends Agreement with Benin means oil exports can begin again
Asian airlines equip 777 cargo jets with sharkskin system to reduce drag Three freighter operators are among the early adopters of an innovative aircraft coating inspired by sharks that makes aircraft more aerodynamic and fuel-efficient.
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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