Coast Guard issues $125M Aiviq acquisition contract It's official, the Coast Guard has now issued a contract for the acquisition of the Edison Chouest Offshore icebreaking vessel Aiviq. The Coast Guard Acquisitions Directorate says that on Nov. 20 it
Austal USA gets $48M mod to LCS maintenance contract Austal USA LLC, Mobile, Ala., is being awarded a $48,020,435 firm-fixed-price, indefinite-delivery/indefinite-quantity contract modification (P00006) under a previously awarded contract (N40345-22-D-8000) to exercise Option Year Two for emergent repair and continuous maintenance
NES to deliver shoreside charging stations for Fjord1 autonomous ferries Norwegian ferry operator Fjord1 has contracted Norwegian Electric Systems (NES) to deliver two shoreside charging stations for use by the four autonomous, zero-emission ferries that it will operate on the Lavik-Oppedal crossing
CMA CGM introduces congestion surcharge in Gambia French ocean carrier CMA CGM has announced the implementation of a port congestion surcharge (PCS) at Gambia's port of Banjul. The surcharge will take effect from 15 December and will apply to cargo originating from the Far East, including China, Hong Kong & Macau SAR, North East Asia, and South East Asia, and destined for Banjul, Gambia. The surcharge will be applicable only to dry cargo and has
Global bunker indices show sideways movements During the 49th week of the year, the Marine Bunker Exchange (MABUX) global indices showed no definitive trend. The 380 HSFO index rose by US$4.76 to US$518.76/MT, the VLSFO index declined by US$2.34 to US$592.42/MT, staying below the US$600 threshold, while the MGO index also decreased by US$7.12 to US$755.69/MT. The MABUX Global Scrubber Spread (SS), which measures the price difference between
Yantian debuts on-dock chassis battery-swapping station for electric trucks Hutchison Ports Yantian, in collaboration with QIJI Energy, a subsidiary of leading electric vehicle (EV) battery manufacturer Contemporary Amperex Technology, has launched the world's first on-dock chassis battery-swapping station designed for electric trucks. This groundbreaking innovation drastically reduces the traditional charging time of over an hour to just five minutes, enabling electric
E-bikes are a greener alternative but terminal operators beware Ports, terminals, and logistics facilities are typically designed to accommodate large vehicles and cargo-handling equipment. The introduction of smaller, more vulnerable road users like e-bikes and e-scooters presents unique challenges. These vehicles are less visible, making traffic management and the prevention of human-machine collisions much more difficult. Typically, terminal traffic layout
Adani Gangavaram Port unveils India's first economic Grab Ship Cranes Adani Gangavaram Port, recognized as one of the deepest and most advanced ports in India, announced the launch of state-of-the-art economic Grab Ship Cranes. This milestone makes it the first port in India to introduce this cutting-edge technology. The port said these advanced electric cranes are designed to efficiently manage multipurpose operations, including loading and unloading processes. Th
Northport breaks annual container record surpassing 3.3 million TEUs Malaysia's Northport, a member of MMC Group, has achieved new annual throughput records in both its container and conventional cargo business segments. As of 27 November 2024, Northport handled a total of 3,328,508 TEUs, surpassing its previous annual record of 3,324,364 TEUs set in 2021. A day later, on 28 November 2024, the port also broke its conventional cargo record, handling 11,434,814 FWTs
STI hits 1 million TEU milestone again Chile's San Antonio Terminal Internacional (STI) reached the milestone of 1 million TEUs for the 13th consecutive year with the arrival of the vessel Skagen Maersk. STI's general manager, Andrés Albertini, commented: "This year was challenging for our port and the Chilean economy, with lower volumes, which meant achieving this milestone later than prior years. Today we continue to be the country'
US launches probe into Spanish military cargo ban The Federal Maritime Commission (FMC) has launched an investigation into the legality of Spain's ban on vessels docking at its ports if they are carrying US military cargo. 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 .
Carrier alliance market shares set for shake-up Since April 2017, the three-alliance structure comprising Ocean Alliance, THE Alliance, and the 2M alliance has shaped the shipping industry. After nearly eight years, this structure is set to change in February 2025 with the introduction of new alliance arrangements. The Gemini Cooperation (Maersk - Hapag-Lloyd), Premier Alliance (HMM - ONE- Yang Ming) and Ocean Alliance (CMA CGM - COSCO - Everg
CMA CGM applies peak season surcharges from Europe to North America CMA CGM has announced the implementation of several Peak Season Surcharges, effective from 1 January 2025, until further notice. The first surcharge applies to cargo originating from Mediterranean ports, including France (Fos/Marseilles), Portugal, Italy, Spain (Algeciras, Valencia, Barcelona, Sagunto, Vigo), and Morocco, with destinations on the US East Coast, the US Gulf, and all inland destina
Assessing the rise of next-gen supply chain technologies: Port analysis 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 .
DIY Vape Juice: How to Make Your Own E-Liquid? Stretching your pocket way too much on vape juice? Making your own vape juice should be a more economical option for you. Here in this blog, we have come up with all the essential steps by which you can make your own vape juice and save on more of your vaping expenses. You can also bring in more flavor options and combinations. So, want to know all the insights on how you can make your e-juice? B
Maersk revises peak season surcharge from Asia-Pacific to Saudi Arabia Maersk is updating the peak season surcharge (PSS) for shipments from Brunei, China, Hong Kong SAR, Vietnam, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Thailand, and East Timor to Saudi Arabia. The following surcharge will be effective from 19 December 2024. Charge Name Origin Destination ALL 20 ALL 40 Charge Basis Peak Season Surcharge Brunei, C
FuelEU Maritime's impact on the specialised market Sudheer Vijapurapu, managing director of New Asia Shipbrokers and Risto Kariranta, CEO of the Ahti Pool, write for Splash today on January 1's big new regional regulation hitting shipping. The demand dynamics for specialised products are distinct from those of other shipping sectors. Most causes are shared with at least one other sector, but there ...
Wood signs three new deals with BP for worldwide engineering services UK consulting and engineering firm Wood has signed three major agreements with oil major BP to provide engineering and project delivery services for their capital projects worldwide. The contracts cover a new master services agreement for engineering, procurement, and construction management (EPCm) services as well as two extensions to existing long-term frameworks for the provision ...
Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station Hutchison Ports Yantian and QIJI Energy, a subsidiary of the world's largest EV battery manufacturer Contemporary Amperex Technology, have launched the world's first on-dock chassis battery swapping station for electric trucks. This innovative system transforms the traditional hour-plus charging process into a mere five-minute operation, allowing electric trucks to return to service at full power
China now controls unprecedented 65% of global shipbuilding orderbook China's combined orderbook for merchant ships has grown by a remarkable 170% this decade, stretching its lead over its nearest shipbuilding rivals dramatically. Data from Greek broker Intermodal and Clarksons Research show how the 2020s - and 2024 in particular - have been banner years for Chinese shipyard ambitions, coming to dominate a sector like ...
Global Ship Lease snaps up boxship quartet in $274m deal New York-listed containership owner Global Ship Lease (GSL) is expanding and renewing its fleet with the acquisition of four 9,115 teu vessels for $274m. The Athens-based company, which will own 72 boxships after the transaction is completed, said the post-panamax vessels should deliver between December 2024 and January 2025. GSL did not name the seller, ...
Repsol extends KNOT Offshore Partners shuttle tanker charter Shuttle tanker player KNOT Offshore Partners has secured a charter extension for one of its suezmax vessels in Brazil. The New York-listed company said Repsol had extended the charter of the 2013-built Carmen Knutsen, starting in the first quarter of 2025. The Spanish oil firm has had the vessel under contract since its delivery to ...
Shell and Equinor combine UK assets to create country's largest independent oil and gas company The UK subsidiaries of energy majors Equinor and Shell will combine their offshore oil and gas assets and form a new company which will be the UK North Sea's biggest independent producer. The incorporated joint venture will be set up to sustain domestic oil and gas production and the security of energy supply in the ...
Indian ports strike threat returns Dockworkers in India have called for an indefinite strike across all major ports starting on December 17 if the government fails to implement wage revisions and productivity schemes before December 15. A planned strike at many Indian ports was averted at the end of August when government officials and representatives of the Federation of Indian ...
Kent inks three-year global contract with BP Energy giant BP has awarded energy services group Kent a global three-year engineering, procurement, and construction management (EPCm) framework contract. The contract includes options for two additional two-year extensions and positions Kent as a key partner in delivering project services across BP's global asset portfolio. The framework covers the full scope of EPCm services, supporting ...
ABL Group buys Brazilian engineering and design firm Energy and marine consultancy ABL Group has acquired 100% of shares in Brazil-based naval architecture and engineering consultancy Proper Marine. The acquisition will expand the group's technical centre of excellence in design and engineering for maritime and offshore energy construction and operations. According to the company, the transaction will significantly increase its global expertise in
China launches international ship registry in Hainan In a potential blow to Hong Kong, the world's fourth largest shipping flag, China has established an international ship registry in Hainan province, aiming to further develop the island into a free trade port. The Hainan International Ship Registration Administration, launched in Yangpu, is responsible for the registration, quality management, inspection, flag state services, and ...
Idan Ofer unveils new ship leasing arm Idan Ofer has unveiled a new ship leasing arm in Singapore. Dynamis Capital has been created by Quantum Pacific, Ofer's holding company, having just bought Fleetscape Capital from Oaktree Capital Management, a division that has a fleet of around 25 ships. Fredrik Ulstein and Kaizad Doctor, previously with Oaktree, have transitioned to lead Dynamis. No ...
Bearing AI launches cargo prediction tool Bearing AI has unveiled its artificial intelligence-powered Cargo Prediction tool, designed to empower tramp chartering managers in the spot market. With just one click, users can predict a vessel's next loading port, which the American company claims will deliver more competitive pricing and superior strategic positioning. Bearing AI's Cargo Prediction replaces the standard return route ...
Rwanda set to open its largest port Landlocked Rwanda will officially open its largest port tomorrow. Rubavu port on the shores of Lake Kivu in Western Province is aimed at growing trade with neighbouring Democratic Republic of Congo (DRC). Spread over 2 ha, the facility, which has been operating under a pilot phase for the last year, can handle 700,000 tonnes of ...
Sanctioned insurer Ingosstrakh seeks to address 'misleading and unfounded allegations' 'In keeping with industry best practices, Ingosstrakh does not insure any sanctioned vessels or vessels engaged in sanctionable activities,' said...
Panamaxes pull down entire dry bulk sector with no rebound in sight Lower Brazilian corn exports to China, minimal congestion at Brazilian ports, normalised Panama Canal transits and a hefty orderbook -...
Bad guys will keep doing bad things on sanctions, Lloyd's List Forum told Rules drawn up by inexperienced regulators risk unintended consequences, audience hears
Opec+ extends production cuts again The Saudi Arabia and Russia-led group first began voluntary production cuts in April 2023 and increased those cuts again in...
War on shipping routes is not the only risk Risk managers should be alert to the impact of war on seaborne transit, International Union of Marine Insurance president argues
Tanker values continue to descend, with exception of VLCCs 'Tanker sale and purchase activity has significantly decreased in every quarter of 2024, with each quarter seeing a steeper decline...
Top 10 technology leaders 2024 Kongsberg Maritime's Lisa Edvardsen Haugan is named as this year's top technology talent as the Norwegian marine equipment group provides...
IMO can resolve owner-charterer impasse, says Shell shipping head Decarbonisation hinges on whether the IMO delivers a global climate regulation next year, panellists at the Lloyd's List Outlook Forum...
Shipping will miss 2030 IMO emissions target, but that doesn't matter The Lloyd's List Outlook Poll shows the majority of respondents think shipping will miss the IMO's 2030 target to reduce...
Crew rescued from stricken multi-purpose vessel in Red Sea A rescue operation was launched by EU Navfor Aspides with the French naval frigate FS Languedoc despatched to assist
Geopolitical risk the biggest threat to shipping, says industry A growing dark fleet and looming tariffs also ranked highly on shipping's list of worries, revealed by the Lloyd's List...
Managing geopolitical risk in unprecedented times From conflicts in Ukraine and the Middle East to emerging threats from China and the US, few underwriters have faced...
South Korea shipbuilders brace for fallout after martial law attempt South Korea's shipbuilders are closely monitoring financial risks following President Yoon's brief martial law declaration, as volatile exchange rates and...
MOL invests in US carbon capture company Heirloom The US start-up has completed a $150m financing round, with investments from several Japanese companies, including Mitsui & Co and...
The Daily View: Maximum pressure Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Tanker executives wary of orderbook build-up and China's waning oil thirst While Trump's return could potentially increase US crude oil supply, a new round of trade wars may suppress China's demand
Hong Kong transport minister sacked amid calls to accelerate shipping policies Lam was a key speaker during the recent Hong Kong Maritime Week, promoting the government's green fuel bunkering initiative. His...
Daily Briefing The rise and fall of bulk shipping stocks - and the rise and rise of container stocks | Iranian oil...
Mexico sourcing competitive even with US tariff threat: CPKC, UP
Canada moves to sunset shipping anti-trust exemption Canada's anti-trust enforcer said laws already on the books adequately cover the liner industry, but it has no ability to police freight rates or service levels.
FMC probing reports Spain blocked US-flag Maersk ships US maritime regulators are investigating reports that the Spanish government has blocked US-flagged Maresk ships carrying military cargoes for Israel from calling Algeciras.
Truckload brokers eye human-technology balance as AI takes hold Generative AI is changing the nature of core freight brokerage processes, potentially impacting the amount brokers earn and how employees get paid.
India dockworkers threaten strike if wage deal reneged Various labor groups representing dockworkers at the country's 12 public gateways have threatened to strike if the government fails to follow through on a wage agreement due to financial strains.
Arkas Group says cocaine seizure highlights drugs challenge for shipping Shipowner says master promptly flagged up suspicious pakages
ShipTech newsletter: A digital tool to keep crews fed and happy, ballast water tech problems Also, Scandlines asks Caterpillar to look at methanol dual-fuel as U-Ming goes big with Flettners
International Seaways on the verge of VLCCs-for-MRs tanker swap with Sinokor New York shipowner keeps turning over the MR fleet, with a new twist
Maryland asks court to get around Dali liability cap to sue Synergy and Grace Ocean Environmental and breach-of-contract claims not covered by Limitation Act, attorney general argues
Diana Shipping's new one-year kamsarmax charter confirms market woes Paralos Shipping fixes US-listed owner's ship amid sluggish market
Armed robbers board Chinese fishing boat off Somalia Gunmen are still on vessel monitored by EU naval force within Somali territorial waters
Slumping stocks, cash piles and old ships: Banker Mark Friedman mixes an M&A cocktail This week's Streetwise examines what's worked in consolidation and how that could change in slumping markets
Venezuelan tanker exports thriving as shipments hit highest level since 2020 Ship tracking data shows that US-sanctioned producer moved out nearly 1m bpd in November
Aframax rates jump 29% as owners push for more cash in busier market Brokers and analysts say expected rise in earnings has finally materialised
Bad news for VLCCs as Opec to keep taps turned down until spring before gradual opening Bloc puts off planned production hike for third consecutive month
Sanctioned tanker abandons northern UK detour after hitting the headlines The aframax Attica now appears to be making a more conventional passage to the Suez Canal
Lomar sponsors next generation of shipping leaders in memory of former boss Shipowner supports students through degree studies in Germany
VLCC asset values track close to each other, except one: Resale There appears little rhyme or reason behind the clash in estimates
New cocaine stash found on container ship after Colombia call Master blew whistle after a previous consignment was found aboard
London Club receives ratings boost after profit turnaround S&P improves outlook for P&I provider after better results in 2024
LNG fuelling a 'teenager' with adolescent growing pains, lobby group says SEA-LNG calls for more bunker vessels and infrastructure to close gap on fuel delivery as biomethane and e-methane emerge
Ship abandoned in Red Sea after engine room flooded Incident happened in an area frequently targeted in Houthi attacks
'Two Europes': LNG demand to peak in 2027 before plateauing, says Poten Broker and consultant sees the main hurdles for US projects under Trump administration as commercial ones
Shipbroker Howe Robinson sees profit take a hit in weaker bulker market Private London-headquartered shop's accounts reveal a lower bottom line for the year to 31 March
Tighter Brazilian shuttle tanker sector fails to stop KNOT Offshore from falling to loss Owner examines options for Dan Sabia after end of Petrobras charter
Price-fixing cartel case sees car carrier owners stump up millions Multi-million dollar agreements struck month before the final $127m trial of two companies starts in London
Manager SPHI moves into shipowning with newbuilding order backed by Shell charters Brunei-based company said to be behind five-vessel deal at Vard last month
Shell and Equinor merging UK oil and gas operations to prolong North Sea production life Massive producers and vessel charterers to form country's largest independent energy company
Chinese coal and property businesswoman makes bid to buy shipowner Courage Investment Liu Sainan seeks majority control of Hong Kong-listed supramax player after acquiring nearly one-third
Tor Olav Troim doubles stake in Oslo-listed shipowner Stolt-Nielsen Entrepreneur has been a member of tanker owner's board since 2016
Adnoc L&S floats requirement for LNG steamship in rock-bottom market Shipowner re-emerges for vintage tonnage as rates bump along bottom
Idan Ofer inks Oaktree deal to enter ship leasing sector with Fleetscape fleet Oaktree's Fredrik Ulstein and Kaizad Doctor have joined the new Singapore-based company
Downturn exposes hypocrisy over green recycling of ships There is no excuse for not selling old ships to Hong Kong Convention-certified recycling yards
Maryland asks court to get around Dali liability cap and sue Synergy and Grace Ocean Environmental and breach-of-contract claims not covered by Limitation Act, attorney general argues
Dubai-based shipowner sells handysize bulker for recycling Boss 7 was arrested a few days prior to arriving off Alang due to an unpaid bunker bill
Idan Ofer sets up Dynamis Capital to take over former Fleetscape's vessels Oaktree's Fredrik Ulstein and Kaizad Doctor have joined the new Singapore-based company
Two top CSSC executives caught up in graft investigation by Chinese authorities CSSC chairman Wen Gang and vice president Du Gang said to be held in custody in Beijing
Predictions platform says longshore strike not a sure bet The International Longshoremen's Association and United States Maritime Alliance aren't bargaining, but that hasn't swayed Polymarket bettors wagering against another dock strike.
FMC investigating Spain's alleged blocking of US ships Spain could be liable for millions of dollars in penalties if the Federal Maritime Commission finds it has been turning away U.S. container ships. Separately, news accounts say a Danish-flagged vessel was denied entry because it was carrying military weapons to Israel.
Analysts predict air cargo bull market will cool 50% in 2025 The air logistics sector has been riding high all year, but market watchers caution that growth in 2025 could slow sharply.
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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