New state-of-the-art Port Delaware is in the works The State of Delaware is to get a new Port Delaware. The state is join the private operator of the Port of Wilmington, Enstructure, to build a new port terminal at a
ABS Wavesight unveils new My Digital Fleet software features Real-time, data-driven insights supporting regulatory compliance, improving fleet efficiency, reducing operational costs and meeting fleet decarbonization goals are key benefits of its My Digital Fleet (MDF) software unveiled this week by ABS
Wärtsilä solutions will minimize emissions of new La Méridionale RoPax duo Two new LNG-fueled RoPax ferries under construction at China Merchants Jinling Shipyard for CMA CGM subsidiary La Méridionale will feature an extensive range of Wärtsilä technology. The 180-meter long ferries will be
NYSERDA finalizes new Empire Wind and Sunrise Wind contracts NYSERDA (New York State Energy Research and Development Authority) has finalized new purchase and sales agreements for the energy produced by two major offshore wind projects: Both projects had previously been awarded
Easyfresh Netherlands joins BlueBoxOcean platform BlueBox Systems, a leading developer of intelligent freight tracking systems, introduces Easyfresh Netherlands as a new customer on its BlueBoxOcean platform. Easyfresh Netherlands is part of the Spanish cold chain logistics company Easyfresh Logistics. The Dutch corporation now has access to data on 98% of all worldwide ocean freight flows. BlueBoxOcean offers a significant contribution to incre
Leaders tackle shadow fleets, decarbonization, and energy shipping at Posidonia 2024 At the dynamic inaugural panel session of the Tradewinds Shipowners Forum at Posidonia 2024, Harry Conway, leading the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO), delved into an extensive dialogue with prominent figures from the shipping sector regarding regulatory challenges spanning from shadow fleets to the adoption of alternative fuels. "We
X-Press Feeders moves into large-ship segment with 11,000 TEU quartet X-Press Feeders has commissioned its first Neo-Panamax ships. The Singapore-based operator has ordered four 11,000 TEU methanol dual-fuelled vessels at Shanghai Waigaoqiao Shipbuilding in China. These newbuildings will be installed with scrubbers, windshields, and various energy-saving and drag-reduction solutions, to consume less fuel. The order was made on 29 May, after X-Press Feeders took del
Chittagong's Patenga Terminal to launch operations next week The much-awaited Patenga Container Terminal (PCT) in Chittagong is going to begin its journey on 10 June. Through the PCT's inauguration, Bangladesh's prime seaport Chittagong is set to get a new container terminal, 17 years after the New Mooring Container Terminal (NCT) launched operations. The newly built box terminal will enhance Chittagong port's container handling capacity by 500,000 TEUs an
Port of NY/NJ hits record: 700K+ TEUs in April, 9.4% growth In April, the Port of New York and New Jersey maintained its strong momentum for the year thus far, handling a total of 709,469 TEUs (396,517 containers), marking a 9.4% increase compared to the corresponding period last year. From January to April, the UK port processed 2,710,918 TEUs (1,501,276 containers). Imports in TEUs remained robust in April, reaching 349,792 TEUs (196,960 containers), up
RightShip and ZeroNorth forge alliance to spearhead maritime industry decarbonization RightShip, a prominent global digital maritime platform focused on environmental, social, and governance (ESG) principles, has joined forces with ZeroNorth, a leader in data-driven maritime optimization. This partnership allows users of both platforms to access and utilize RightShip's GHG 2.0 Rating and Safety Score, along with ZeroNorth's advanced CII Emissions Analytics solution. By combining t
CMA CGM updates freight rates worldwide CMA CGM, the French carrier, has announced Freight All Kinds (FAK) rates effective from 1 July 2024, for shipments originating from North Europe, West Mediterranean, East Mediterranean, Black Sea, and Baltic regions to Australia and New Zealand. 20'ST 40'ST/HC 20'RF 40'RF/RH North Europe to Australia* US$1,873 US$3,746 US$3,255 US$4,950 North Europe to New Zealand** US$1,735 US$3,250 US$2,975 US$
Danaos denounces protectionism threat to shipping One of the major threats to shipping was identified by John Coustas, the president and CEO of ship owner Danaos Corporation, who said that deglobalisation is the major threat to shipping today. Speaking at Posidonia's Capital Link conference in Athens, Coustas said that globalised trade is better for the world's population because it reduces costs and he added that container shipping was a disrup
Ocean Network Express and Transmanut provide greener truck options in France Ocean Network Express (ONE) is currently providing customers in France the opportunity to transport their cargo inland using trucks powered by biofuel in cooperation with logistics firm Transmanut. According to a statement, operating in the Le Havre area, the trucks will utilise Oleo100 fuel, which is made from 100% French rapeseed residue. The fuel provides a 60% reduction in CO2 emissions and i
ZIM container denied entry in Malaysia A truck carrying a ZIM container was ordered to turn back by Malaysian customs, showing that the Southeast Asian country is taking a hardened stance against the Israeli carrier. Last December, Malaysian Prime Minister Anwar Ibrahim imposed an entry ban on ZIM ships and Israel-flagged vessels, in response to the Gaza War. Malaysian customs said today that in the 2 June incident at the checkpoint o
IRS and Uttar Pradesh Transport Department sign landmark MoU The Indian Register of Shipping (IRS) and the Uttar Pradesh Transport Department have signed a landmark Memorandum of Understanding (MoU) to establish the UP Inland Waterways Authority. This collaboration aims to develop and regulate inland waterways in Uttar Pradesh, thereby enhancing transportation efficiency and fostering economic growth. Under this agreement, the IRS will assist the Uttar Pra
Regional Container Lines launches cutting-edge 7,080 TEU vessel Regional Container Lines Public Company Limited (RCL), a leading global shipping company based in Thailand, announced the launch of its newest vessel, "GURU BHUM," at a distinguished naming ceremony in Shanghai during the second quarter of 2024. The event was attended by Sumate Tanthuwanit, chairman of the executive committee of RCL; Dr Twinchok Tanthuwanit, president of RCL, as well as notable V
PD Ports appoints new chief people and compliance officer PD Ports announced the addition of Michelle Robson to its executive leadership team, furthering PD Ports' vision to become the UK's premier and most sustainable seaport and port logistics operator. As Chief People and Compliance Officer, Michelle will oversee a wide array of essential functions across the PD Ports Group, including Human Resources, health, safety, and environment, resilience, busi
European container lines introduce Asia surcharges Two major container shipping lines, Hapag-Lloyd and CMA CGM, have announced new Peak Season Surcharges for shipments originating from Asia. German ocean carrier Hapag-Lloyd revealed an increase in the Peak Season Surcharge (PSS) from the Far East, including Oceania, to North Europe and the Mediterranean. This adjustment applies to all sailings beginning on the tariffing date of 15 June 2024 and r
DP World aims for 40% rail freight share at Southampton by 2026 DP World is encouraging freight owners to move their products by rail from Southampton, removing thousands of vehicles off the UK's highways and aiming for a 40% rail freight share in 2026. The Modal Shift Programme at Southampton, which is being extended until the end of next year, encourages freight owners to transport their import-laden containers by rail to a railhead within 140 miles of the
Telemar opens new office in Spain Telemar, a provider of smart maintenance and remote access technology, is establishing an office in Algeciras, Spain. This is another strategic move to increase the company's global presence in important ports and shipping hubs, allowing clients to receive more timely service solutions. The Algeciras office will allow Telemar to directly serve clients in the region for the first time, expanding t
Performance Shipping agrees aframax charter with Aramco Greece's Performance Shipping has entered into a time charter contract with Aramco's trading arm, Aramco Trading, for one of its aframax tankers. The deal will see the 2011-built, 104,588 dwt tanker Briolette work for Aramco for two years. The charterer has the option to shorten or extend the deal by 30 days. The deal began ...
Alpha DCM Investments sells one of its two supramaxes Shipowner Alpha DCM Investments has sold one of its supramax bulkers to Marshall Islands-registered Stem Marine. Alpha DCM Investments, a 50/50 joint venture between Croatian firm Alpha Adriatic and Dutch financial adviser DC Maritime Partners, sold the 52,000 dwt bulker Valovine. According to a Zagreb stock exchange filing, the vessel has already been handed over ...
Boluda increases fleet by six with Les Abeilles International acquisition The world's largest tugboat operator Boluda Towage has signed a deal to acquire French vessel owner Les Abeilles International. Les Abeilles, created in 1864, is contracted by Marine National for rapid response rescue and anti-pollution interventions. The company has carried out more than 200 successful maritime rescue operations over the last 20 years. This acquisition ...
Hyundai and Capital Gas get nod for LCO2 carrier HD HHI and Evangelos Marinakis-led Capital Gas Ship Management have received approval in principle for a 40,000 cu m LCO2 carrier from the classification society Lloyd's Register. The project builds on the deal for the construction of four 22,000 cu m low-pressure LCO2 carriers equipped with IMO Type C storage tanks and a cargo handling ...
Danaos Shipping 'unseaworthy' bulker banned from Australian ports Australian Maritime Safety Authority (AMSA) has banned the Cypriot-flagged bulk carrier Peace owned by Greek firm Danaos Shipping from entering Australian ports for three months for being 'unseaworthy'. Danaos Shipping also operates the container ship Suez Canal which was detained by the Authority in January this year. AMSA acting executive director of operations, Greg Witherall, said ...
DeepOcean wins recycling gig offshore UK Norwegian ocean services provider DeepOcean has been awarded a recycling project from an undisclosed 'international operator' on the UK continental shelf. The contract will be overseen from DeepOcean's Aberdeen office with offshore activities scheduled during 2024. The campaign spans over 120 days and is segmented into five sub-campaigns, each addressing specific tasks crucial for the ...
Atlas Maritime adds two suezmax tankers to orderbook Leon Patitsas-led Atlas Maritime has ordered two suezmax tankers from South Korea's DH Shipbuilding. Atlas Maritime has ordered the vessels in partnership with Danish shipping investment firm European Maritime Finance (EMF). The two 157,000 dwt ships will be dual-fuel capable with LNG readiness and eco-class designation. The deal between the parties was signed on Tuesday ...
War, the dark fleet and energy geopolitics all part of the debate at Posidonia War, the dark fleet and energy geopolitics dominated discussion at yesterday's Tradewinds Shipowners Forum, one of the flagship events at this year's Posidonia gathering in Athens. Harry Conway, chair of the Marine Environment Protection Committee (MEPC) of the International Maritime Organisation (IMO), told delegates everyone should be concerned by dark fleet activity because of the ...
New York agrees new power deals for two key offshore wind projects The Empire Wind 1 and Sunrise Wind offshore wind farms are back on track after the developers of the two projects signed new power contracts with the New York State authorities. Empire Wind 1 is an 810MW project developed by Equinor while Sunrise Wind is developed by Ørsted and Eversource and will have a capacity ...
BP chooses Seatrium for Kaskida FPU work Singapore shipyard group Seatrium has been awarded a letter of intent by energy supermajor BP for early engineering works pending the finalisation of a definitive contract for engineering, procurement, construction, and commissioning work for the Kaskida floating production unit (FPU) project. Comprising a single topside module supported by a four-column semi-submersible hull, the Kaskida FPU ...
Shelf Drilling secures $66m jackup extension from Chevron in Angola Oslo-listed offshore driller Shelf Drilling has secured a new contract for one of its jackup drilling rigs. The company won a 15-month deal for the Shelf Drilling Tenacious rig which will work offshore West Africa. The award will begin in direct continuation of the Singapore-built unit's current contract, extending the commitment until February 2026. The ...
HD Hyundai's ammonia-powered car carrier gets stamp of approval Classification society Korean Register (KR) has awarded approval in principle for a next-generation K-ammonia storage and powered pure car and truck carrier (PCTC) developed by HD Hyundai Heavy Industries. Hyundai Glovis and G-Marine Service assisted in the risk assessment process for the vessel and the approval in principle was awarded at this year's Posidonia event ...
Startups on parade at Posidonia Standing out among the hustle and bustle of the Posidonia event taking place in Athens this week was Tuesday's Maritime Technology Demo Day. Co-organised by TMV, The Captain's Table, lomarlabs, Signal Ventures, CyberOwl, Flagship Founders, SSY, Cetus Maritime and Maritime London with support from Lloyd's Register, motion Ventures and theDock, the event gave the floor ...
Baltimore port expected to open full main shipping channel this weekend The full 213 m wide main shipping channel into Baltimore port will open this weekend some 75 days since the 9,962 teu Dali containership lost power, slammed into a bridge and cut off operations at most of America's ninth largest port. Crews lifted the last large piece of the downed Francis Scott Key Bridge blocking ...
American ports seen lagging when it comes to port efficiency The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places. Developed by the World Bank and S&P Global Market Intelligence, the fourth edition of the CPPI highlights how regional disruptions impacted port performance everywhere. The CPPI is based on ...
Ammonia-fuelled VLOC project presses ahead at Posidonia Lloyd's Register (LR) has granted approval in principle (AiP) to the Marine Design & Research Institute of China (MARIC) for a 360,000 dwt ammonia-fuelled very large ore carrier (VLOC) design. The vessel is designed as an oceangoing single screw ammonia dual-fuel ore carrier. With larger cargo capacity, besides iron ore, bauxite can also be loaded ...
Chinese seafarers see strongest increase in wages China has seen the strongest increase in seafarer wages across the main seafaring countries in international shipping in recent years, according to the latest Manning Annual Review and Forecast report published by consultancy Drewry. China is a large and, more importantly, growing supply source of seafarers. It maintains its position as the second-largest supplier of ...
New model to finance port call payments launched Wilhelmsen Port Services, in collaboration with Round Fort Capital, launched at the Posidonia exhibition in Greece a financial service that eliminates the need for prefunding of port calls and canal transits. Prefunding has long been the industry standard, requiring customers to advance funds based on proforma disbursement accounts (PDAs) before port calls. This model often ...
Can shipmanagers get their clients to pay a bit extra? Is never easy asking an owner to pay more for a service. Splash asks how managers can navigate this tricky issue in the latest chapter from our brand new magazine being distributed across Posidonia this week. The average American's supermarket spend has leapt by 25% in the 2020s, figures that are replicated around much of ...
We gave the seafarers internet, and now they can't get off it Employers complain about seafarers not getting enough rest, not socialising on board and facing an added hardship from greater awareness...
Record newbuilding orders expected to emerge from 'red hot' Posidonia The febrile atmosphere of a Posidonia gathering populated by cash-rich owners preaching optimistic forecasts of sustained market fortunes has prompted...
DP World Melbourne experiencing 'extreme congestion' Container Transport Alliance Australia says DP World West Swanson Terminal has used a neighbouring terminal in Melbourne to relieve the...
Supreme Court default ruling will have wider impact on law of contract Case highlights interaction of principle of mitigation and potentially opposing compensatory principle after breach of contract, argue WFW senior associates
Onboard carbon capture feasible, but only if it is incentivised The Norway-based classification society has published a white paper exploring the feasibility of onboard carbon capture as a decarbonisation solution
Greek Navy makes anti-STS measures more permanent The area within the Laconian Gulf had become a hotspot for ship-to-ship transfers before repeated warnings on naval exercises restricted...
Taiwan's TS Lines makes third attempt at an IPO in Hong Kong As a Taipei-based shipping company with a focus on China's Greater Bay Area, TS Lines acknowledges the risks associated with...
Rightship partners with ZeroNorth in GHG rating tie-up Rightship ratings have been making headway in the shipping industry as an emission benchmark
Smaller bulkers are a good bet, but capes may reward the brave Ursa Shipbrokers' Simon Ward says the future looks bright for smaller bulkers against a backdrop of global conflict, growth in...
Greek flag enters digital age with first electronic certificate New application seen as 'essential first step' towards digitalising the country's shipping ministry
Busy Marinakis eyes larger CO2 carrier Posidonia has also seen Greece-based shipowner sign up for two LNG dual-fuel very large crude carriers in China
FuelEU could prove pivotal decarbonisation disruptor, says ABS chief The new regulation will have stronger incentives as well as penalties and could make real change, Chris Wiernicki told a...
Russian Urals crude price falling, now back near price cap With increased scrutiny on sanctions, Russian Urals may continue to be largely transported by the dark fleet even if oil...
Daily Briefing ESG backlash sees investors walk away from green shipping | Absence of green fuel guidance leaves Greek owners in state...
Idled tankers and gas carriers to cost $286bn by 2050 in decarbonisation scenario, new paper says Tankers could be retrofitted to expand their lifespan, while significant hurdles exist for gas and LPG carriers to be converted
Barbara Yeninas, maritime communications pioneer, leaves 50-year legacy Barbara Yeninas, who died May 31, is remembered as a passionate supporter of the container shipping industry, having cut her teeth reporting on the Port of Newark and then launching a well-known communications firm.
Knock-on effects of unexpected container shortage take aim at North America: analyst The current chaos playing out in the container market globally doesn't have to last that long to have some big impacts on North American intermodal, writes Larry Gross.
Bottlenecks flare in Barcelona as port battles rise in transshipment volumes As a destination port, Barcelona is being used for transshipment beyond its capacity, something that has increased dwell times and slowed the turnaround of vessels.
Transfix selling digital brokerage business to NFI Industries One of the first "digital-native" brokerages, Transfix is shifting its focus to selling software as a service to other brokers, including NFI.
No industry consensus on duration of Asia-Europe ocean disruption The return of regular voyages to the Red Sea and Suez Canal will signal an end to the current disruption on the Asia-Europe trade lane, but there remains zero visibility on when that will happen.
Financial burden of decarbonization more likely to fall on ocean carriers To the extent carriers can't pass those costs along, the industry faces the prospect of sharply higher costs for zero-carbon fuels, and potentially further consolidation and reduction in choice for shippers.
SEKO reinstated to US duty-free program, but still pursuing action against CBP The forwarder says it has been "conditionally" restored to CBP's so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.
China's ports still lead performance rankings, while India's move higher: CPPI The fourth edition of the Container Port Performance Index shows some changes in the annual list's middle tier as ports improve and new entrants make their mark.
Kylie Minogue leaves Posidonia feeling lucky, lucky, lucky Capital party lives up to its big-ticket reputation with performance from Australian superstar
Shipping decarbonisation: Alexander Saverys and Mikael Skov on milking the cow and not betting the farm Leaders share their views on future investments as major plays take shape
'Chase your passion': Angeliki Frangou discusses diversity and diversification Navios chief executive opens up in one-on-one live interview at Posidonia
Ship escapes damage after blast off Saudi coastline Houthis have stockpile of weaponry that will allow attacks to continue for months, say analysts
Performance Shipping extends Aramco aframax charter for $8,500 per day extra Two-year fix shows strength of sector as spot rates jump
Excelerate Energy FSRU heading for repairs after storm damage Excelerate Energy regas unit set to head to yard in Singapore or Middle East
'Unusually' low activity forces VLCC rates down 20%, Clarksons says Analysts note slow bookings for mid-June cargoes on big tankers
'Right now we're blessed': Red Sea profit bonanza must be reinvested in greener shipping, says Polys Hajioannou Maritime industry must make good use of its fat years as long as it can, according to Greek Cypriot owner
Panama Canal passage price hits $1m for gas carriers as auction transits hit year-high But data shows costs now falling at waterway as delays shrink
Vicente Boluda snaps up AHTS fleet of French rival Les Abeilles Spanish owner's Boluda Towage seals acquisition of six modern ships
Diana Shipping boosts charter coverage in bulker deals with Reachy and Aquavita Greek owner fixes post-panamaxes to new operators after Cobelfret deals end
Notorious Russian oil transfer hot spot nixed for a further six weeks Greek Navy exercises in Laconian Gulf extended to July in blow to illicit ship-to-ship transfers
Under-invested handysize tanker sector heading for 'major supply crunch', warns Gibson UK broker says ageing fleet is becoming a problem for major charterers
Christmas comes early for Maersk as boss Vincent Clerc warns cargo rush will deepen congestion Supply chain to be stretched by sudden onslaught of orders, Danish company CEO says
Oman's Asyad Shipping named as buyer of Hanwha Ocean VLCC berths Middle Eastern owner appears to have fought off Greek competitors for 2026 slots
Stolt Tankers doubles roll-out of Shipshave's hull-cleaning robot Dutch owner will now use ITCH service on 20 tankers to cut fuel use
DC Maritime and Alpha Adriatic find Greek buyer for supramax bulker Joint venture offloads modern vessel to TST International, with management deal also in place
Kasuga Kaiun orders ultramax and handysize bulkers in China Company increases tally at New Dayang Shipyard and Jiangmen Nanyang
Shipping decarbonisation: Alexander Saverys and Mikael Skov on milking the cow and not betting the farm Leaders share their views on future investments as major plays take shape
Trading giant Trafigura ramps up push into VLCC sector with three more newbuildings Commodities giant returns to China for more tankers
Trafigura settles UK nickel cargo fraud case with billionaire Reuben brothers Shipowning siblings had sued trader over $8.4m shipment that turned out to be worthless rubble
RightShip and ZeroNorth team up to offer joint emissions-rating services Powerhouse shipping platforms announce collaboration deal
NYK splashes $64m as it launches new $640m share buyback scheme Japanese shipowner starts again with stock repurchases after spending ¥204bn under previous scheme
Kasuga Kaiun orders ultramax and handysize bulk carriers in China Company ups ultramax bulker tally at New Dayang Shipyard and inks handies at Jiangmen Nanyang
Vitol poised to dive into LNG bunkering with three newbuildings Trading house joining clutch of new players moving to break into growing business area
'Unseaworthy' Danaos capesize bulker banned from Australian waters Incident follows banning of another of the Greek owner's vessels in January 2024
Shipping decarbonization: Alexander Saverys and Mikael Skov on milking the cow and not betting the farm Leaders share their views on future investments as major plays take shape
Green transition threatens billions in lost profits and value for fossil fuel ships, study finds If global economy follows the trajectory of Paris Agreement, the demand slump presents a stranded asset risk for tankers and gas carriers
Vafias family firm Brave Maritime buys bulker duo to extend dry cargo investment drive Greek shipowner has added two Japanese-built vessels to its growing fleet
Atlas Maritime strikes again with fresh suezmax newbuildings in South Korea Leon Patitsas' total orderbook races past the $2bn-mark with scrubber-fitted, dual-fuel tankers at DH Shipbuilding
Asian port congestion continues to get worse, warns Linerlytica Almost half of Asia-Europe westbound sailings have missed departure dates
Seko Logistics takes CBP to court over e-commerce enforcement Seko Logistics said U.S. Customs and Border Protection has harmed its business by temporarily suspending some import privileges without providing evidence of wrongdoing.
US Customs tightens enforcement on low-value e-commerce trade U.S. trade regulators and lawmakers are trying to even the playing field for U.S. companies and close a security gap by cracking down on e-commerce importers taking advantage of a trade loophole.
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