HHI names Kari Wilkinson next NNS president Kari Wilkinson is to become president of Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division, effective Jan. 1, 2025. She will succeed Jennifer Boykin, who is retiring at year's end after 37
"Fat Leonard" gets 15 years prison, must pay $55M Leonard Glenn Francis - the "Fat Leonard" who masterminded a bribery and fraud scheme that rocked the Navy, was yesterday sentenced in federal court in San Diego to 180 months in prison.
OneStop implements cutting-edge technology in new Auckland box depot Following Tyne ACFS's announcement of their new Empty Container Depot in Auckland, OneStop has announced the expansion of its partnership to bring advanced logistics solutions to New Zealand. Building on the firm's successful collaboration in Australia, this new facility will integrate OneStop's cutting-edge technology to strengthen the efficiency and resilience of New Zealand's supply chain. As
CN Photo Project: The Picture of the Month Container News wants to thank you all for participating in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Month" for October. Title: CMA CGM container ship at Seattle, USA Photo taken by Jason Charles Be part of the CN Photo Project and stay tuned to see your photo posted on Container New
How Rerouting Shifts Impact West African Ports Security threats in the Red Sea have led to a considerable redirection of cargo ships, causing widespread implications for global trade and transportation. These disturbances have emphasized the urgency for African nations and their ports to enhance their trade facilitation efforts. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, plea
Hapag-Lloyd invests US$4 billion in 24 new container ships German ocean carrier Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container vessels. Twelve 16,800 TEU newbuildings will be built by Yangzijiang Shipbuilding Group, while another twelve 9,200 TEU new boxships have been ordered from New Times Shipbuilding Company. Hapag-Lloyd said the 16,800 TEU newbuildings will be used to expand the capacity of services t
Carrier Transicold and Net Feasa unveil container telematics solution Carrier Transicold, in partnership with IoT and wireless technology provider Net Feasa, has introduced IoTPASS-a pioneering telematics solution for dry containers that broadens asset monitoring beyond refrigerated units. Integrated with the Lynx Fleet platform, IoTPASS enables seamless tracking for both dry and refrigerated containers within a unified ecosystem, expanding Carrier Transicold's dig
US tariffs to give market short-term boost Shippers and carriers will have awoken to a new reality today as the result of the US election became apparent it was clear that a new reality was also dawning, with low levels of unemployed vessels, and demand set to soar again. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Correspondent at Large If you liked this post, please consider don
Shipping industry weighs impact of Trump's reelection Following the election of Donald Trump as the next US president, there is heightened interest among shipping industry professionals regarding the economic policies his administration will pursue, particularly in light of the ongoing trade tensions with China. Punit Oza, a respected shipping and geopolitics analyst, remarked on LinkedIn that Trump's administration would likely encourage Asia, part
Kalmar, Groupe Combronde expand 10-year partnership with new order Sweden-based port equipment manufacturer Kalmar has finalized an agreement with Groupe Combronde, a French transport and logistics provider, for four Eco reachstackers. The order was included in Kalmar's Q3 2024 intake, with deliveries scheduled in two sets of two units, expected in the first quarter of 2025 and the first quarter of 2026. "Kalmar Eco reachstackers provide us with the opportunity
Evergreen executive expects higher contract rates in 2025 General Manager of Evergreen Marine Corporation, Wu Kuang Hui expected contract rates for Transpacific and Asia-Europe container shipments to be hiked in the next year. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeared first on Container News .
CakeBoxx Technologies launches FlexBoxxTM CakeBoxx Technologies, a sustainable transport and storage solution provider, will introduce its latest innovation: the Flexible Loading Enhanced Container System, or FlexBoxx . This new container solution is engineered for transporting steel coils and other heavy-duty materials, building on the success of the original CoilBoxx , which was launched in 2019. FlexBoxx offers flexibility and user-fr
Syngenta and Maersk expand partnership for sustainable supply chain solutions Danish ocean carrier Maersk and Syngenta Crop Protection, an agricultural innovation company, have extended their fourth-party logistics (4PL) partnership for an additional five years. This renewal highlights both companies' dedication to responsible logistics through ongoing supply chain optimization and innovation. "We are thrilled to extend our partnership with Maersk, a company that shares ou
UAE's Expanding Ports and Maritime Strategy: A Regional Power Play The increasing geopolitical significance of ports in the Gulf region is becoming a prominent trend in the shipping industry. 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 .
FMC opens public comment on Premier Alliance agreement The Federal Maritime Commission (FMC) has initiated 15 days for public comments on a recently filed vessel-sharing agreement among Ocean Network Express (ONE), HMM, and Yang Ming Marine Transportation. The three container lines are already members of THE Alliance Agreement (No. 012439) which will be active until February 2025. Under the new agreement, the three shipping companies will form the Pr
PSA gears up for Phase 2 capacity launch at Nhava Sheva Port amid growing competition Indian shippers using Nhava Sheva Port (JNPA) can soon expect more seamless cargo flows, as significant terminal capacity is set to go live. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Jenny Daniel Global Correspondent Contact email: j.daniel@container-news.com If you liked this post, please consider donating The post appeared first on Container News .
Port of Liverpool advances roof-mounted solar system initiative Bill Esterson, Member of Parliament of the United Kingdom and Labour MP for Sefton Central and Chair of the Net Zero Select Committee, recently visited the Port of Liverpool to review the development of its expansive rooftop solar project. This joint initiative between E.ON and Peel Ports Group involves installing 63,000 solar panels at the Merseyside port, aiming to generate up to 31 megawatts (
Supply chain disruptions drive European shippers to seek new sourcing solutions Disrupted supply chains remain a persistent challenge for European shippers, significantly impacting their financial performance. This finding comes from a comprehensive survey conducted with over 2,000 Maersk customers across Europe. The survey reveals that over 76% of businesses have experienced operational delays over the past year due to supply chain disruptions. Additionally, 22% reported mo
The shipping consequences of Mr Trump Splash's lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages - the movement was made in Le Locle, in Switzerland, by the firm of Ulysse Nardin, famous for their mechanical ...
Noble bags UK semisub extension from Shell Noble Corporation has secured a two-well extension from UK supermajor Shell for the semisub Ocean Endeavor in the UK North Sea. The contract at an undisclosed dayrate will keep the unit fixed until June 2025 or approximately 130 days, and includes options for two more wells. The 1976-built Ocean Endeavor has worked for Shell on ...
Stainless Tankers readies double sale Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas - the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total, were acquired a year ago ...
Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables' £4bn ($5.16bn) East Anglia Two offshore wind farm will be located around 33 km from the east coast of England ...
Höegh Evi moves to develop French hydrogen import terminal Norway's Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas by 2030. In collaboration with European projects such as ...
Xingtong Shipping lines up six chemical tanker newbuilds Chinese chemical tanker player Xingtong Shipping has set out to expand its fleet with six stainless steel newbuilds. The Shanghai-listed company said its subsidiary Xingtong Kaicheng Shipping would invest up to RMB1.4bn ($195.5m), excluding tax, in a pair of 25,900 dwt methanol dual-fuel vessels and four 13,000 dwt units. The yard has yet to be ...
What Trump's win means for the offshore markets The US elections are the number one topic today and Norwegian shipbroker Fearnleys believes that, whatever the result, it will most likely be a non-event for offshore drilling but Trump's win will likely focus the offshore supply market more on oil and gas. Fearnleys believes that activity, and especially licensing, is likely to be higher ...
Ulsan inks deals to build world's largest floating wind complex South Korea's city of Ulsan has signed investment agreements with international and domestic companies to create the world's largest floating wind farm complex. Ulsan authorities signed letters of intent with multiple consortiums for the massive energy project. The investments should total around 37.2 trillion won ($26.6bn). The complex, when completed, should have a capacity of ...
Shipping reacts to Trump election win China's yuan weakened and stock markets on the mainland and Hong Kong fell today on news that Donald Trump will become the 47th president of the United States, likely ushering in another period of trade wars between the world's two largest economies. With the scale of the victory looking historic, the shipping industry will have ...
Angelicoussis Group snaps up Altera's shuttle tanker business Greece's Angelicoussis Group has struck a deal with Altera Infrastructure to take over its shuttle tanker business. Angelicoussis affiliate Maistros Shiptrade is taking 18-vessel strong Altera Shuttle Tankers (AST), which operates in Brazil, Canada and the North Sea, for an undisclosed sum, adding to the group's 144 ships on the water and 23 newbuilds set ...
Containership deliveries smash records Just 10 months into 2024, shipyards' deliveries of containerships have reached a new annual record. A total of 410 ships with a capacity of 2.5m teu have been delivered, surpassing the previous full-year high of 2.3m teu in 2023, according to data from shipping organisation BIMCO. Another 0.5m teu is scheduled to be delivered during ...
Hapag-Lloyd signs off on its largest ordering spree Hapag-Lloyd will sign off on its biggest order spree in the company's 54-year history this week according to analysts at Alphaliner. Hapag-Lloyd will contract for 24 newbuilding orders for LNG-dual fuel containerships in China, Alphaliner is reporting in its latest weekly report. Hapag-Lloyd will order twelve 17,000 teu ships at Yangzijiang Shipbuilding, and another twelve ...
Red Sea crisis having greater impact on boxship employment than covid The idle container fleet has reached an all-time low in the opening 10 months of the year with Alphaliner reporting that proportionally, the ongoing Red Sea crisis has had a bigger impact on ship employment than covid. According to Alphaliner data, on average 0.7% of the global cellular container fleet was commercially idle in January ...
Daily Briefing Trump victory could spur sweeping changes for tariffs and sanctions | Trump, COP and what to expect next inside the...
Trump, COP and what to expect next inside the IMO Confirmation of Trump's victory will cast a long shadow over the UN COP29 summit scheduled to start on Monday in...
Trump victory could spur sweeping changes for tariffs and sanctions Donald Trump's second presidential term could alter the landscape for global shipping. Higher tariffs could curb container volumes after an...
Last steam turbine boxship sold for scrap in 'bleak' recycling market US-flag carrier Pasha Hawaii sold the 44-year-old Horizon Enterprise for local recycling during what is described by cash buyer GMS as...
Paying for non-compliance is a 'nightmare scenario' Bo Cerup-Simonsen warned of a scenario where shipping companies would pay fines levelled at them for non-compliance to GHG emissions...
Migrants threaten bulker before Moroccan Navy intervenes The incident took place off Tantan, Morocco, on board Liberia-flagged Regina S, before commandos freed the ship without incident
Trump win positive for tanker markets, Braemar believes Winter VLCC uplift delayed but not cancelled
Seanergy eyes further secondhand cape buys Hot from record nine-month earnings, Greece-based bulker owner says newbuildings are not justified by market, nor by environmental superiority over...
AIS data show need for NOx reforms, ICCT finds The International Council on Clean Transportation says its ship tracking analysis adds further evidence that shipping's NOx regulations are too...
Hapag-Lloyd confirms $4bn newbuilding contracts as others line up more orders Germany's Hapag-Lloyd has announced its first newbuilding orders in three years. Meanwhile, more newbuilding contracts are expected to be signed...
The Daily View: 'Pragmatism' with a traditional twist Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
High-margin orders boost South Korean shipbuilding earnings More LNG carriers and other profitable orders are key for all three major shipbuilders to achieve profit surges
Gard to seek 4% premium increase offset by cashback Owners with worst loss records likely to bear brunt
Stena Line to axe shoreside jobs TSSA union seeking urgent meeting with company
Port of Valencia reopens after devastating floods Spain's second-biggest port was forced to halt container operations after a year's worth of rain fell in just eight hours...
Angelicoussis Group clinches deal to buy Altera Shuttle Tankers Angelicoussis sees shuttle tanker market 'expanding'
Asian shipping stocks down as Trump wins US election If implemented, Trump's campaign policies, including sweeping tariffs and a swift resolution to the Russia-Ukraine war, could significantly alter the...
Containership idling reaches all-time low as Red Sea crisis strains tonnage supply Red Sea diversions and strong demand have triggered a surge in the activation of containerships, particularly large vessels. And the...
Maersk opens hub warehouses in the Philippines and Vietnam to strengthen local supply chain Move comes as Maersk chief executive Vincent Clerc said that achieving organic growth in the logistics business remains the company's...
More efficient cross-border networks needed as US-Mexico trade rises Cross-border supply chains need to become more integrated and efficient to increase capacity on both sides of a constricted border, logistics executives say.
Hapag-Lloyd makes $4 billion move down LNG path with 24-ship dual-fuel order The carrier has been restrained with its orderbook up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.
Air cargo peak season elevates as Chinese export rates hit 2024 high Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.
BCOs should forsake 'revenge' to build 'collaborative' relationships with carriers Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.
Navigator Gas keeps vessel earnings steady despite blow from Hurricane Beryl New York-listed shipowner reports dip in quarterly earnings
Is growth in Chinese yards leading to a glut in global shipbuilding capacity? Fleet renewal will sustain the shipbuilding industry, say analysts
Genco Shipping trots out first enhanced dividend for in-line quarter TCE rates jumped up year over year but are down slightly in current bookings
Trump will now build his team. Some familiar shipping names are in the running Potential appointee include influential finance men, as well as Jones Act supporters and sceptics
Sveinung Stohle sets sights on shuttle tanker top spot after Angelicoussis scoops up Altera Deputy CEO Sveinung Stohle says clients had asked if the Greek group was interested in entering niche sector
Oldendorff aims for significant fuel savings from Flettner rotors installed on bulker Three Norsepower rotor sails installed on Pacific route ship
Hapag-Lloyd inks 'milestone' order for 24 dual-fuel LNG container ships German carrier inks orders with two Chinese yards for 9,200-teu and 16,800-teu ships
Soaring freight rates help K Line triple first-half profit Japanese shipowner also supported by strong performances in dry bulk and car carrier segments
Donald Trump victory has shipping on alert with clouds around tariffs and sanctions Industry is left to sweat on a raft of questions after historic election win
SFL's $4.7bn backlog shields company from Donald Trump trade noise, says Ole Hjertaker Owner looks at investment opportunities in several segments
Shipping stocks left behind as 'Trump trades' lift wider markets Decisive win by Trump and GOP thrills investors, but maybe not shipping specialists
New Angelicoussis leadership team scores marquee move with Altera takeover backed by Trump tailwinds Takeover of $2bn fleet is Greek shipping giant's biggest transaction under Maria Angelicoussis
Ardmore Shipping sees product tanker market 'acceleration' into winter Ireland-based owner says it is well-placed as sector fundamentals improve
Chipolbrok moves into bulk tramp arena with newbuilding orders for 'XXL ladies' State-controlled shipowner says it has returned to Chengxi Shipyard for the newbuildings
Andrew Hampson to seal Stainless Tankers ship sales 'as soon as possible' Work on offloading 2005-built duo begins immediately, after board mandate secured on Tuesday
SFL third-quarter profit jumps with 'excellent cash flow visibility' and deal flow Owner took delivery of four tankers and sold one older container ship
Norvic Shipping exits panamax bulker sector as final two staff depart Operator plans to focus on its core business within geared segments
ShipTech News: Will renting out the wind work? Ask Di Plus, AYK Energy batteries for Mureloil tankers, Wartsila reaps clean orderbook and ABS goes nuclear
Seanergy records nine-month profit as quarterly result flips to the black New York-listed shipowner declares biggest-ever dividend
Port of Valencia reopens container terminals following floods Hapag-Lloyd reports significant disruptions across operations
Strap yourselves in for a new supercharged Trump era with the brake off After a stunning political fight comes the tough decision-making of government. Don't expect it to be predictable
Hapag-Lloyd taking over operations of German ship manager Hamburger Lloyd Deal results in transfer of technical management of 29 container ships
George Procopiou ramps up property bet with stake in iconic Athens resort and Posidonia hub Greek magnate now owns one-third of Astir Palace Vouliagmeni
Clients go up against seasoned Clarksons brokers in tanker chartering challenge Competition to test fixing strategy was part of UK group's tanker training week
Hanwha Ocean opens new Dutch office as it grows offshore business Largest shareholder of Singapore's Dyna-Mac Holdings accepts shipbuilder's revised takeover offer
Odfjell feels the squeeze as product tankers compete for chemical cargoes With crude tankers dropping into product trades, product tankers have begun exploring chemicals
Shipping stocks split as Donald Trump claims victory and retakes the White House Maersk leads the container stock retreat as energy shipping welcomes Trump back with open arms
Stainless Tankers kick-starts sale process for two ships as profit jumps Tufton-backed owner confirms 2005-built duo will be offloaded
Insurance costs set for multi-year rises because of higher claims, say P&I chiefs Britannia P&I's chief underwriting officer says renewals could soar by up to 10%
Braemar eyes acquisitions as profit rises and backlog stays strong James Gundy-led shipbroking group sees opportunities for bolted-on and organic growth
Angelicoussis Group strikes deal to take over $2bn fleet of Altera Shuttle Tankers UK-based company sold by Altera Infrastructure
Odfjell profits dip quarter on quarter as chemical tanker spot market softens Chief executive Harald Fotland warns that spot rates could weaken further in fourth quarter
US election and China's stimulus package leave Asian investors on a knife-edge Stock markets in Asia registered a small increase on Wednesday morning but for now the US election is too close to call
Evergreen poised to spend over $2.75bn on mass mega-size container ship order Taiwanese liner company seeks tenders for 11 methanol dual-fuelled vessels with capacities of 24,000-teu
Lufthansa Cargo bolsters China partnerships as trade grows Lufthansa Cargo is helping Shanghai Pudong airport improve cargo operations and signing capacity agreements with Chinese air cargo and postal operations.
Hapag-Lloyd bets big on green newbuilds Hapag-Lloyd's dual-fuel-powered container ships will replace older vessels and reduce emissions.
Reports claim Houthis make Red Sea vessel attacks a $2B business An extensive study by a U.N. panel found that Yemen's Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
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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