MV Canopée: Wind-assisted RO/RO rocket ship makes first U.S. port visit The MV Canopée, the world's first new generation wind-assisted hybrid propulsion commercial RO/RO vessel, arrived in Port Canaveral, Fla., yesterday, marking its inaugural U.S. visit. Launched in 2022, the MV Canopée is
VIDEO: ILA ramps up port strike rhetoric Fears that a Maine to Texas port strike by the International Longshoremens Association (ILA) could become a reality on October 1 are growing, with Torsten Hartmann, senior director trade management transpacific at
Arkas proceeds with full fleet roll-out of high-frequency data with StormGeo and Danelec StormGeo and Danelec have successfully deployed an advanced vessel performance optimization system for 48 Turkish vessels operated by shipping firms Arkas and Er Shipping. This solution combines Danelec's onboard and cloud-based infrastructure with StormGeo's Vessel Performance platform, enabling the comprehensive management of fleets' commercial, technical, and environmental performance. "At Ark
Sri Lanka - Yemen - Djibouti - Kenya System's Impact on Indian Ocean Maritime Trade The following analysis focuses on key nations that are pivotal to the maritime trade in the Indian Ocean, specifically Sri Lanka, Yemen, Djibouti and Kenya. These countries serve as critical nodes in the global shipping network, and their political and economic stability plays a significant role in ensuring the free flow of maritime container trade. As the first step in our analysis, we have chos
Maersk opens new warehouse in Texas to boost cross-border logistics A.P. Moller-Maersk has established a new 38,000 square meters warehouse in El Paso, Texas, to meet the increasing demand for logistics services at the United States-Mexico borders. Located just five minutes from the Ysleta-Zaragoza International Bridge, which connects El Paso with Ciudad Juárez, Mexico, the facility offers quick and flexible cross-border trade solutions. "The opening of the El Pa
Global bunker indices show steady decline During the 36th week of the year, the Marine Bunker Exchange (MABUX) global indices showed a consistent downward trend. The 380 HSFO index decreased by US$13.20 to US$513/MT, the VLSFO index declined by US$12.95 to US$620.51/MT and the MGO index saw a decrease of US$17.15 to US$770.68/MT. "At the time of writing, global bunker indices continued their moderate decline," stated a MABUX official. Th
APMT launches US$115 million upgrade project at Nigerian box terminal APM Terminals marked the inauguration of a major US$115 million upgrade project at the West Africa Container Terminal (WACT) in Onne, Nigeria. This substantial investment highlights APM Terminals' strong commitment to Nigeria's economic development, reinforcing its role as a vital trade hub in West Africa, and underscores the port operator's position as a key driver of global trade, fostering opp
Container News Unveils Premium Package We're thrilled to announce the launch of our Premium Package, starting in October 2024. This premium subscription service is designed to provide industry professionals with deeper insights, exclusive data, and expert analysis to help them navigate the complex and rapidly evolving container shipping sector. What the Premium Package Offers: Exclusive News : Premium subscribers will get early access
MPA Singapore conducts search and rescue operation for missing crew The Maritime and Port Authority of Singapore (MPA) is coordinating a search and rescue operation with the Police Coast Guard (PCG) and the Singapore Civil Defence Force for a missing crew from a tugboat, Oshio. The tugboat sank in the Eastern Anchorage, within Singapore's port limits, at about 2:15 pm on 4 September, with two crew reported to be onboard at at the time of incident. One 39-year-old
Kalmar and Volvo Penta expand partnership with engine service deal Kalmar has signed a framework service agreement with Volvo Penta, a global player in integrated power solutions, becoming an authorized service provider for Volvo Penta engines used in Kalmar and Toijala Works machines. This collaboration, finalized in the third quarter of 2024, will enhance service capabilities by leveraging both companies' extensive service networks. "Adding value for owners an
Super Typhoon Yagi forces suspension of container handling operations in Hong Kong Terminals in Hong Kong and southern China have stopped handling containers for today (5 September) as Super Typhoon Yagi approaches. Hong Kong Observatory has issued the No. 8 signal today and this is expected to be in place until 6 September. The observatory has determined Yagi to be a mature storm. Consequently, schools have been ordered to shut and outdoor activities are discouraged. Several d
COSCO general cargo vessels to call ICTSI's Contecon Guayaquil Contecon Guayaquil S.A. (CGSA), the Ecuadorian branch of International Container Terminal Services, Inc. (ICTSI), has entered into a noteworthy agreement with COSCO Shipping Specialized Carriers. This partnership will see COSCO's general cargo ships managed at the Port of Guayaquil for the next three years. This collaboration supports CGSA's goals of broadening its client base, setting new region
Alfa Laval secures approval for hydrogen gas combustion unit Alfa Laval has reached an important milestone in advancing its Gas Combustion Unit (GCU) technology for hydrogen boil-off gas, receiving Approval in Principle (AiP) from the classification society DNV. This AiP confirms the technical viability and safety mechanisms of Alfa Laval's GCU design for use on liquid hydrogen carriers. Since venting cargo is restricted, the GCU is critical for controllin
Maersk announces blank sailings ahead of Golden Week Maersk has announced a couple of blank sailings, as the Golden Week National holiday period in China approaches. The Danish carrier said it aims to balance the network to match the reduction in demand and reduced workforce to handle cargo operations. Below, Maersk has noted the blank sailing details. Week Service / Vessel Voyage EB/WB First Load Port ETD Plan 40 AC1 / UTE 439E/443W Ningbo Sept 29
Hapag-Lloyd implements updated rates from West Med to Latin America Hapag-Lloyd has announced an increase in ocean tariff rates for containers travelling from the West Mediterranean to Latin America. According to the German company's statement, the geographical scope for Latin America includes the West Coast of South America, Central America and the Caribbean. The new rates will apply to 20' and 40' Standard, High Cube, Reefer, and Special Cargo containers, and w
MPA, PSA launch night movement of line-towed container barges in Singapore In the first seven months of 2024, the Port of Singapore handled 23.82 million TEUs, reflecting a notable 6.1% increase in container volumes compared to the same period last year. Most container vessels completed their simultaneous cargo handling and bunkering within a day of arrival, with the average wait time for container berths reduced to less than one day by July 2024. These improvements are
Shifting Global Trade Routes and Economic Power: A comparative analysis between Far East and Middle East In an increasingly interconnected world, the dynamics of global trade routes and economic power are in constant flux, with regions like the Far East and the Middle East playing pivotal roles in these shifts. This geopolitical analysis focused on understanding the evolving relationship between these two crucial regions by considering three key indicators: Liner Shipping Connectivity, Container Por
Surging volatility in Asia-Europe vessel capacity Weekly container vessel capacity departing a region often exhibits significant variability, as vessel capacities can differ even within a single-liner service. "These weekly fluctuations can be quite drastic, especially during Chinese New Year and Golden Week, which makes seeing the underlying trends quite challenging," stated Alan Murphy, CEO of Sea-Intelligence. "Source: Sea-Intelligence.com, S
DNV and MPSF launch sustainability partnership DNV, a leading classification society, has entered into a Memorandum of Understanding (MoU) with the Mumbai Port Sustainability Foundation (MPSF), a non-profit organization under the Mumbai Port Authority. This partnership focuses on advancing decarbonization, digitalization, emissions management, and safety in the maritime sector. MPSF, through its Centre of Excellence on ESG and circularity, se
BW LNG bags Jordan FSU deal BW Group's gas shipowner BW LNG has clinched a 10-year charter with Jordan's National Electricity Company (NEPCO) for on of its vessels. The deal covers a conversion of the vessel into a floating storage unit (FSU) which will be moored at Sheikh Sabah LNG Terminal in Aqaba. Financial terms were not disclosed, but BW LNG ...
Spanish suction sails developer seals full type approval Spanish engineering firm bound4blue has revealed at the world's largest shipping expo, SMM, that it received the full type approval design certificate (TADC) from DNV for its eSAIL suction sail. The certificate validates compliance with the classification society's Wind Assisted Propulsion Systems technical standard. With this in place, bound4blue expects accelerated technical due diligence proce
Knud E. Hansen reveals new wind turbine maintenance vessel design Naval architect firm Knud E. Hansen has presented a design concept for a new wind turbine maintenance platform named 'Jackup on Jackup'. This four-legged jack-up vessel features a 15 m wide working platform, which can be elevated to the height of the nacelle, thus providing a safe platform for maintenance work on the blades eliminating ...
Wind project off New Jersey seeks pause amid supply chain issues Leading Light Wind, a partnership of Invenergy and co-developer energyRe, has requested the New Jersey Board of Public Utilities to allow a pause in the development of its offshore wind project off the coast of Long Beach Island while it shops for turbines. The company stated that it has had difficulties securing a manufacturer for ...
US east coast dockworker union president vows to 'hit the streets' on October 1 The union threatening to go on strike at ports along the US east and Gulf coasts from October 1 has come out with a renewed tough stance over wage negotiations as the clock ticks down to what could be a massive supply chain dislocation for global container shipping. Contract negotiations have broken down between the ...
Hammonia signs for up to eight Huangpu Wenchong MPP newbuilds German owner Hammonia Reederei has turned to the shipbuilding market in China to expand its fleet of multipurpose heavylift vessels. The company which manages vessels for the Hamburg-listed Hammonia Schiffsholding will be bolstering its business with a series of four 13,500 dwt newbuilds from CSSC-affiliated Huangpu Wenchong Shipbuilding. The deal with an undisclosed value comes ...
Dali readies to head to China The ship that has made the most headlines in the world this year is ready to shift continents. The Dali containership, which rammed and destroyed the Francis Scott Key Bridge in Baltimore, nearly six months ago is making plans to leave its repair yard in Norfolk, Virginia and head to China in a couple of ...
New study suggests banks provide cheaper loans to greener shipping companies, but not greener ships A new study by UCL Energy Institute on the relationship between financing terms and climate performance of shipping companies reveals what its authors terms as a "troubling trend" of green financing. The research paper in a sustainability journal shows that a ship's carbon intensity does not directly impact the cost of the loan for that ...
Oldendorff forms sustainability centre with Scottish university In admitting its frustration with the shipping's slow green path, Germany's Oldendorff Carriers has announced it is setting up a research centre for maritime sustainability with the University of Strathclyde (UoS) at the university in the centre of Glasgow. Targeted areas of collaborative research between the Scottish university and Germany's largest bulk carrier operator will ...
Vafias in for more MR newbuilds Greek owner Brave Maritime has been tied to a new deal for product tanker newbuilds in South Korea. Shipbroking sources report the Harry Vafias-backed outfit has booked a pair of 52,000 dwt vessels at Hyundai Mipo Dockyard, taking its MR orderbook to four. The first order at the yard in Ulsan reported by Splash earlier ...
Leonhardt & Blumberg firms up product tanker orders in China Germany's Leonhardt & Blumberg is pressing ahead with its MR product tanker newbuilding project which will be carried out at CSSC Guangzhou Shipyard International (GSI). The Hamburg-based company has booked four 49,500 dwt units in total with delivery starting in 2027. The order for two ships at GSI was first revealed by Splash in April, ...
US sanctions two more LNG carriers in Arctic LNG 2 crackdown One of the LNG carrier was discovered last week transporting cargo from Moscow's flagship Arctic LNG project via a ship-to-ship...
Russian Arctic LNG storage indicates commercial options have evaporated Russia has turned to floating storage as a temporary solution to the restrictions on its heavily sanctioned Arctic LNG 2...
Shipment from Sevastopol reaches Egypt despite Ukrainian warning Russia is adding more countries to its list of trading partners willing to accept cargo directly shipped from occupied territories
Eswatini fleet start to reflag as UAE takes action The Eswatini government has confirmed that it will be removing all internationally trading ships from its flag until the country...
Singapore to continue night container moves The Maritime and Port Authority of Singapore said the move was part of its effort to review rules and regulations...
Shipbuilding capacity must grow to meet fleet replacement demand, says BV Skilled shipyard labour shortages, supply chain challenges for equipment and the need for more shipyard capacity must be addressed to...
Coal shipments for India up 10% to August Increased electricity demand and a poor year for hydropower have seen shipments to India increase, analysts at BIMCO said
ILA releases fiery video as US east and US Gulf coast ports inch closer to strike 'The [shipping companies] represented by the US Maritime Alliance might think the ILA won't go on strike, but let me...
Lloyd's underwriting profit climbs 24% in the first half Specialist market posts underwriting profit of £3.1bn in the first six months of the year as combined ratio improves 1.5...
Red Sea reroutings uproot traditional transhipment trends The onset of Houthi attacks has prompted a complete repositioning of container transhipment activity at ports either side of the...
UKMTO warns of impersonators calling for vessels to switch AIS on The warning comes after a period of intense activity in the Red Sea in the past month, which has seen...
Red Sea transits now 'impossible' for ships with US, UK or Israel ties, say underwriters Owners can deviate where doing so is 'objectively reasonable', argues law firm Hill Dickinson
ONE uses Japan operating lease to structure equipment deal Mechanism is used as alternative to Chinese sale and leasebacks
Chinese shipbuilders secure more newbuilding orders at SMM German shipowner Leonhardt & Blumberg returned to GSI for two more product tankers
FSRU players in Asia need to play the long game Lower LNG prices and rising numbers of conversion candidates should see floating storage and regasification unit numbers rising in Asia after...
Cosco buys into cargo flexibility in latest bulker ordering binge Recently ordered batch of 80,000 dwt ships will be capable of transporting not only conventional dry bulk cargo but also...
Daily Briefing 'Alternative solution' unclear for Sounion salvage as operation postponed | How Eswatini created a shipping register by accident | Bab...
Maersk dives deeper into US-Mexico trucking with El Paso facility The ocean shipping line is the latest to plant a stake in a key manufacturing region along the US-Mexico border.
US spot truckload market starts to tighten, but is still soft Post-labor day retail demand is tightening capacity in key distribution markets, but overall demand is depressed, partly because of a slowdown in manufacturing.
Flexport vet lands funding to build truckload procurement tool for shippers Investors have put $6.3 million into a startup aiming to provide a procurement and transportation management software alternative to enterprise-focused solutions.
Green corridors signal maritime fuel options for multipurpose vessels Multipurpose carriers are reluctant to invest in newbuildings for several reasons, including uncertainty around the availability of carbon-neutral fuels for tramp shipping.
Hunger for LPG carrier period charters bodes well for spot market, StealthGas says Chairman Michael Joliffe says charterers tend to lock in vessels ahead of rate rises
Dorian LPG paints a picture of fuel efficiency as it pursues emissions reductions Younger Hadjipateras maps out three-pronged strategy for sustainability
Guyana's star rises in tanker markets. It even has its own 'VLCC season' Typically suezmax-focused market increasingly turning to larger vessels for part of the year
Algoma Central announces new finance chief as Peter Winkley retires Departing CFO says this is a true retirement as Christopher Lazarz gears up to replace him
LNG is a transition fuel, a shipping fuel in transition and the key to our future Don't discount the natural LNG as a shipping fuel, ABS chief executive Christopher Wiernicki says
StealthGas reports record second-quarter earnings and locks swathe of ships into charters Shipowner's bottom line grows by 146% as revenue added to vessel sale proceeds
Lloyd's of London reveals how much it stands to lose from Baltimore bridge disaster Chairman says London market likely to face costs for ship, cargo and business interruption claims
Coal demand from world's second-largest importer could cool off later this year, warns Bimco Growth in Indian imports is expected to slow
Hundreds, if not thousands, of liquefied CO2 carriers will be needed, DNV says Vessels of 100,000-cbm could be on water in 10 years
Trade group seeks Fednav probe over 'suspicions of irregularity' in Brazil's coastal trade Federal agency asks Canadian shipowner for documentation after trade group files complaint
Hundreds, if not 1000s, of liquefied CO2 carriers will be needed, DNV says Vessels of 100,000-cbm could be on water in 10 years
What next for Jon Chappell as shipping analyst hits career milestone? This week's Streetwise looks at the career of shipping's research dean and what may be around the corner
Skills crunch fans fears over shipbuilding quality, say shipowners Increasing demand for new ships has failed to generate a rise in available yard staff
MAN ES has around 30 ammonia engines on order amid trial success Manufacturer is quietly signing deals for new ammonia engines
You're fired: Drunken Ukrainian captain sacked by Dutch operator after arrest WEC Lines terminates contract of container ship captain with immediate effect
Maria Angelicoussis tops up fleet with last Herun capesize Major Greek owner Maran Dry expands its footprint while selling its oldest vessel
Reederei Nord exits LR1s with sale of 16-year-old tanker 'Spike' in sales of coated panamaxes shows faith in the sector, amid wobbly autumn for tankers
Glencore set to buy 19 LNG cargoes per year from Santos in Australia Trader agrees deal for a three-year period
BW LNG inks deal to convert vessel to floating storage unit for Jordan Company locks in 10-year charter deal for one of its carriers
'If you can hit one ship, you can hit 1,000': Why shipping is playing catch-up on cyber attacks Database charts dozens of attacks by criminal groups and state-backed actors
Lloyd's of London profits rise during insurance supercycle Leading marine marketplace reports best underwriting performance since 2007
All-seeing Okeanis CFO Sbarounis 'cleans up' in shipping's fantasy league Greek executive kicks off new football season with manager of the month award
Glencore buys 19 LNG cargoes per year from Santos in Australia Trader agrees deal for a three-year period
VLGC owner Petredec set to shake up South African LPG market Singapore company agrees distribution deal with Transnet
Peninsula linked to LNG bunker vessel order at HD Hyundai Mipo Pricey contracts revealed for latest LNGBVs
Why electric car production in China is helping boost the coffers of capesize bulker owners Bauxite shipments hit a monthly record, and China has been sourcing the ore from unconventional destinations
Thenamaris capesize master on trial over alleged scrubber pollution Verdict in French case due in October
Frontline board shrinks as ex-transport minister suddenly quits Experienced politician and financial executive resigns after nearly two years
Politician Marios Demetriades quits Frontline board Experienced politician and financial executive resigns after nearly two years
Ambitious port breaks volume records for second consecutive month Malaysia facility aims to become one of the top 10 busiest ports in the world this year
'Our big fear': Crisis-hit tanker raises concerns over dark fleet insurance Business providing protection and indemnity cover for the shadow fleet vessel was closed down last year
One dead and one missing after tugboat sinks in Singapore waters Search for other missing crew member continues
Shipping banks risk ending up with stranded assets, UCL Energy Institute says Lenders provide cheaper loans to greener shipping companies but not greener ships, paper shows
Newbuilding prices and fuel supply doubts challenge owners at TradeWinds SMM forum Amid a scramble for newbuilding slots, owners admit choices are challenging as prices rise and questions remain about green fuel availability, the TradeWinds Shipowners Forum at SMM hears
LA port terminal getting $52 million for on-dock rail In the latest move to strengthen the largest U.S. container gateway, a key Port of Los Angeles terminal will receive $52 million to upgrade its on-dock rail capacity.
Defunct Hawaiian cargo airline reimburses workers for unpaid wages The Department of Labor has clawed back hundreds of thousands of dollars in back pay owed by Transair, a Hawaiian cargo airline that is no longer flying.
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