VIDEO: Fire gutted Fremantle Highway gets a new name and heads for rebuild The car carrier Fremantle Highway is set to be rebuilt in China, despite being declared a constructive total loss (CTL) by insurers after being gutted in a long-burning 2023 fire that broke
Hapag-Lloyd in $4B, 24-ship ordering spree at two Chinese yards Hapag-Lloyd has signed separate contracts with two Chinese shipyards for a total of 24 new containerships. All will be equipped with state-of-the-art low emission, high pressure LNG dual-fuel engines capable of operation
Höegh Evi to partner with SEMOP Port-La Nouvelle to develop hydrogen import infrastructure Höegh Evi, a global leader in marine energy infrastructure, has signed a Memorandum of Understanding (MoU) with port of Port-La Nouvelle to develop a floating terminal for hydrogen imports. The terminal will receive hydrogen from producers in the Middle East, North Africa, and the Americas, positioning Port-La Nouvelle as a crucial hub for clean energy imports into Europe. "Höegh Evi, as a leader
Digital bunkering platform spun out from DNV Ofiniti, formerly known as FuelBoss, a platform for managing marine fuel bunkering operations, has successfully spun out from DNV, attracting investment from private and venture capital investors. As port authorities increase their focus on "digital bunkering" requirements, this new corporate structure will enable Ofiniti to operate with greater agility. This update marks a significant step for D
Partnership between Norway and Singapore to boosts maritime sustainability Innovation Norway and Team Norway have announced two landmark agreements aimed at advancing sustainable maritime solutions, signed at the Singapore Norway Innovation Conference (SNIC) 2024. The first agreement, a Letter of Intent (LOI), was signed by Lita Ocean Pte Ltd, SeaTech Solutions International (S) Pte Ltd, Pascal Technologies AS, and Evoy AS, to develop a fully electric high-speed harbor
Global bunker indices show upward trend During the 45th week of the year, the Marine Bunker Exchange (MABUX) global indices showed an upward trend across various fuel types. The 380 HSFO index increased by US$5.67 to 534.69/MT, the VLSFO index saw a more significant rise of US$12.98 to US$609.08/MT and the MGO index also rose by US$24.81 to US$774.94/MT. The MABUX Global Scrubber Spread (SS) -the price differential between 380 HSFO and
Water Management and Supply Chain Efficiency in Water-Scarce Regions Strategic oversight can build resilience to water scarcity, reducing its impact on supply chains As water becomes scarcer across many regions due to factors like climate change, population growth, increased industrial demand, and unsustainable usage, its critical role in economic growth makes shortages especially challenging for sectors like agriculture, industry, energy, and transportation. This
PSA International: Driving Global Trade from Key Strategic Ports PSA International, a global port group headquartered in Singapore, is a leading operator of ports and terminals across the world. The company's operations span various continents, but significant nodes within its network include strategic locations near key maritime routes and geopolitically sensitive areas. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If
SFC, FIATA join forces to decarbonize global logistics Smart Freight Centre (SFC), a global non-profit organization dedicated to reducing climate impacts in the freight sector, has partnered with FIATA International Federation of Freight Forwarders Associations-an influential voice in global freight forwarding and logistics representing over 40,000 logistics companies across 150 regions. "As the global voice of freight logistics, FIATA is committed t
Port of Rotterdam appoints new Chief Operating Officer Effective 1 January 2025, Berte Simons will assume the role of Chief Operating Officer (COO) at the Port of Rotterdam Authority. This new position places her on the Executive Board, where she will succeed Boudewijn Siemons, who became CEO and interim COO in February 2024. "The Supervisory Board is pleased that Berte Simons wants to bring her extensive expertise as a marine engineer to the Port Au
ExxonMobil supplies Hapag-Lloyd boxship with B251 bio marine fuel blend in Belgium Hapag-Lloyd's vessel Colorado Express has successfully bunkered a B25 bio marine fuel blend comprised of ExxonMobil's Premium HDME 50 fuel, a 0.10% sulphur Emission Control Area (ECA) fuel, and waste-based fatty acid methyl esters (FAME) derived from used cooking oil methyl ester (UCOME). The 'drop-in' blend met the requirements of ISO 8217:20173 with the exception of the FAME component. The FAME
Idle boxship fleet at historical low 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 .
Port of Riga CEO elected as new ESPO chair The General Assembly of the European Sea Ports Organisation (ESPO) has unanimously elected Ansis Zeltins as its new Chair. Zeltins, who has served as CEO of the Freeport of Riga Authority since 2017, brings over 20 years of maritime industry experience. He has represented Latvia in various international organizations, including the International Maritime Organization (IMO), and has served on the
Hapag-Lloyd partners with HERE Technologies to enhance its container fleet visibility Hapag-Lloyd has formed a strategic partnership with HERE Technologies, a location data and technology provider, to enhance visibility across global supply chains. This collaboration integrates HERE Tracking with Hapag-Lloyd's existing smart container tracking system, Live Position, to deliver real-time updates and predictive Estimated Times of Arrival (ETAs) for inland transport. In response to o
Tariff Escalations, Supply Chain Shifts, and Scenarios for Future Under Trump The US-China trade conflict, instigated during the first Trump tenure (2016-2020), was characterized by mounting tariffs, reciprocal actions, and geopolitical strains that altered the landscape of global commerce. China countered with tariffs on American imports, particularly affecting the agriculture, automotive, and technology sectors, leading to a reciprocal escalation that heightened costs fo
Victoria's box terminals to standardize landside pricing tariffs Following discussions led by the Victorian Department of Transport and Planning (DTP), all three container terminals based in Victoria-DP World Australia, Patrick Terminals, and Victoria International Container Terminal (VICT)-have agreed to amend the Victorian Voluntary Pricing Protocol. These changes will align their landside pricing tariffs to take effect from 1 January each calendar year. As
Port of Los Angeles releases draft environmental report for waterfront amphitheater The Port of Los Angeles has released a Draft Subsequent Environmental Impact Report (Draft SEIR) to update the 2009 San Pedro Waterfront EIS/EIR for the West Harbor Modification Project. The project proposal includes constructing a roughly 6,200-seat amphitheatre covering 9,300 square meters on 37,230 square meters of Port property leased to West Harbor. Additionally, a 2,600-space parking lot is
Hapag-Lloyd applies reefer PSS from Ecuador and Peru to US Hamburg-based container line Hapag-Lloyd has announced a peak season surcharge (PSS), effective from 7 December, for shipments from Peru and Ecuador to the United States. The surcharge will apply only to reefer cargo and will be US$1,000 per reefer container. Hapag-Lloyd noted the PSS will remain in effect until further notice. If you liked this post, please consider donating The post appeared f
Why China's changing diet matters The Chinese switch from pork and how this is influencing dry bulk trades. Eating healthier and more nutritious foods and changing your diet for the better is the advice of every doctor you probably ever met. But what happens if a country of 1.4bn people changes its diet and how big is the effect of ...
Vårgrønn seals German offshore wind entry Vårgrønn, a joint venture between Eni's Plenitude and HitecVision has acquired a 27.4% stake in the operational 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. The wind farm sits in the German Baltic Sea, 32 km north of the Island of Rügen, and started operation in September 2015. It produces around 1,200 ...
Borr Drilling scores extensions for jackup trio Offshore jackup rig player Borr Drilling has secured further work for three of its units in a 24-strong fleet. The New York- and Oslo-listed company has bagged an extension for the 2013-built rig Mist from Valeura Energy offshore Thailand and is now fixed until August 2026. Additionally, the 2013-built jackup rig Prospector 1 had further ...
Winners and losers from Trump's return 'Drill, baby, drill' and 'liquid gold' were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republican's return to the White House will be positive for tankers, but less so for container shipping. In energy markets, Trump's stance ...
Akastor takes Mitsui's stake in AKOFS Offshore Norwegian oil-services investment company Akastor has acquired Mitsui & Co's interests in vessel-based subsea well construction and intervention specialist AKOFS Offshore. The company said in an Oslo filing the deal, which includes both equity and shareholder loans, is worth $22.5m and should close in the first quarter of 2025, subject to regulatory approvals. Following the ...
Chipolbrok seals newbuild brace Chinese-Polish multipurpose and heavylift joint venture Chipolbrok has bolstered its orderbook with two newbuilds at Chengxi Shipyard. The state-owned company has signed up for a 62,000 dwt pair similar to a series of six ships the CSSC-affiliated yard delivered in 2021 and 2022. The latest duo is set to enter service in 2025 and 2026. ...
New extension to keep Flex LNG duo busy for up to 10 more years John Fredriksen-backed Flex LNG has signed a deal which adds up to 10 more years to the charters for the 173,400 cu m Flex Resolute and the Flex Courageous LNG carriers. The two LNG carriers were initially fixed on a three-year time charter in November 2021, both of which were extended this year by two ...
Dong Fang Offshore SOV newbuild nets 12-year deal with Vestas Taiwan-based offshore wind service player Dong Fang Offshore has won a contract for its newbuild SOV from Danish wind turbine manufacturing giant Vestas. The vessel will support the operations and maintenance phase for the Changfang-Xidao and Zhong Neng projects, with a firm contract duration of 12 years. The SOV is the first of two units ...
Chinaland buys first newcastlemax Shanghai-headquartered Chinaland, which entered the cape trades in August, has now added a newcastlemax to its fast-expanding fleet. The company, which has traditionally focused on handymaxes and supramaxes, has bought two capesizes in recent months, and has now added its biggest ship to date. Brokers report Chinaland has bought an Imabari-built ship sold by Greek ...
Hapag-Lloyd buys local shipmanager Germany's top liner Hapag-Lloyd has bought out shipmanager Hamburger Lloyd. The two Hamburg-based companies know each other well, with the manager looking after 29 of Hapag-Lloyd's ships. Moreover, Hamburger Lloyd, founded in 2007, was a shipowner through to 2021, selling its last boxships to Hapag-Lloyd. Hapag-Lloyd confirmed yesterday orders for 24 ships in China. The ...
Brazilian port authority signs letter of intent with China Merchants Brazilian port authority Portos do Paraná has signed a letter of intent with representatives of one of the largest global container terminal operators, China Merchants Port Holdings (CMPort), a shareholder in the Paranaguá Container Terminal (TCP), which is now set for sizeable expansion. "Paraná was the first place in Brazil where CMPort chose to invest ...
Shipping execs weigh in on Trump 2.0, downplaying potential negatives Management of public tanker and bulker owners have a habit of putting a positive spin on things. During conference calls...
Daily Briefing Fake AIS trails and forged Iraqi documents underpin Iranian gas exports to Bangladesh | Trump sanctions divergence would make marine...
Fake AIS trails and forged Iraqi documents underpin Iranian gas exports to Bangladesh Iranian LPG is being mislabelled as Iraqi ahead of delivery to Bangladesh, while ships involved in the trade routinely fake...
Dark fleet has increased share of oil exports to China, says Saverys Speaking in the company's third-quarter earnings call, CMB.Tech chief executive Alexander Saverys said an ageing suezmax fleet would negate a...
Trump sanctions divergence would make marine insurance compliance 'impossible', Gard warns Biggest P&I club justifies demand for higher premiums
Suez Canal struggles with transits while Bab el Mandeb makes minor monthly gains Minor positive swings in October traffic volumes fails to disguise how traffic through both chokepoints is slowly decreasing over time
Spain's biggest drug bust made in Algeciras Spain's Policia Nacional worked with their Ecuadorian counterparts to identify the container and make the find, which is Europe's second-biggest...
Torm revenue up 4% as secondhand tonnage additions boost fleet 'Despite the expected impact of seasonality, we continued to deliver solid results in the third quarter,' said Torm chief executive...
Shanghai to establish maritime decarbonisation centre in 2025 Shanghai has launched an industry alliance and a trading platform to facilitate green fuels transaction and use
DFDS lowers outlook while plan for ammonia-fuel newbuildings hits setback DFDS chief executive Torben Carlsen described the third quarter as 'challenging' as a slowdown in European freight demand becomes widespread
Hoegh Evi partners with French port on H2 import terminal Floating regasification specialist Hoegh Evi, formerly Hoegh LNG, has signed an MOU with France's SEMOP Port-la-Nouvelle to develop a floating...
China Merchants signs letter of intent with Brazilian port authority The letter of intent includes plans for future concessions at Paranagua, including the expansion and maintenance of the access channel...
Alt fuels groups want EU help to set up supply chain Shipping and alternative fuel lobby groups want EU regulations to help spur the huge investments needed to make and supply...
Chimbusco reveals plans for China's first methanol dual-fuel bunkering barge Order for 7,800-tonne methanol bunkering barge could be finalised in 2025
P&I clubs are well versed in sustainability: American Club's Hamilton The American Club's chief underwriting officer, Tom Hamilton, describes the 2024 protection and indemnity renewal, his market outlook and the...
CMB.Tech profits down 15% with decarbonisation strategy 'in full swing' The Belgian business completed a name change from Euronav to CMB.Tech this year, as it seeks to transform what was...
The Daily View: Buckle up; it's going to be a bumpy ride Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
HD Hyundai Heavy reaches tentative wage agreement The basic wage increase fell short of the union's expectations, but both sides agreed to conclude wage and bargaining negotiations...
Japan's shipping majors ride container wave as tankers and bulkers hit headwinds Container liner ONE, jointly owned by the three companies, was the largest contributor to profits. However, growth was partially limited...
Early Lunar New Year, tariffs, strike risk underpin Q4 strength in ocean freight The bullish fundamentals are expected to keep US imports healthy as the year ends and put a floor under rates, according to participants at this year's CONECT conference.
Intermodal bent, but didn't break, during recent disruptive events: analyst Despite multiple highly disruptive exterior events, from hurricanes to labor strikes, there has not been an intermodal service meltdown in North America, writes Larry Gross.
India-USEC rates hit four-month low amid sagging cargo volumes: forwarders Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans.
'Calm' trans-Atlantic ocean trade shrugs off market disruption There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA.
Employer-labor tensions in North America disrupting more cargo The disruptions coming out of disagreements during port work contract negotiations in North America have intensified, as seen currently in Western Canada and Montreal, and possibly again on the US East and Gulf coasts come mid-January.
Korea Marine Transport linked to container ship newbuilding duo Vessels set to be the largest in South Korean company's fleet
Seanergy posts record nine-month profit as quarterly result flips to the black New York-listed shipowner declares biggest-ever dividend
New Fortress Energy set to fire up FSRU-based Nicaragua terminal in early 2025 Company provides project updates as it moves on plans to pursue asset sales and pay off debt
Navigating Maganomics: Genco's John Wobensmith on what it could mean Tariffs or not, cargoes will still flow, CEO tells analysts
UK's Royal Fleet Auxiliary officers overwhelmingly vote to extend strike Members yet to set a date for further industrial action
Burned-out car carrier set to be rebuilt in China Gutted vessel leaves Rotterdam on back of heavylift ship for 55 day voyage
Trump tariffs on Chinese goods could be good for bulker tonne-miles, says Arrow Trade war spectre rises again for dry cargo markets
Excelerate Energy aims to trade its planned LNG carrier buy before conversion job President and CEO Steven Kobos moves to reassure on company's Bangladesh business
Torm says crude tankers exiting market as attention turns to volumes Danish owner hoping for climbing Middle East export volumes
'He will fail': Houthis stay in attack mode after Trump victory US election result does nothing to change the Houthis' goals and tactics, rebel leader says
Ultratank takes new CMB.Tech chemical tanker on seven-year deal Alex Saverys says ambition is to build up charter backlog over the coming months
P&I clubs hike premiums as casualties and inflation drive costs higher UK and West announce increases for 2025 as more expensive claims go up
QatarEnergy names first South Korean-built LNG carrier quartet under 128-ship project JP Morgan and partners SK Shipping, Pan Ocean and H-Line Shipping step up for their newbuildings
International Seaways beats analyst bets in profitable third quarter Manhattan-based owner declares combined dividend of $1.20 and buys back $25m in stock
Chinese shipbuilders gorge on order frenzy for 'green' container ships Liner operators stock up on new vessels for future decarbonisation challenges
D'Amico International Shipping set fair as opportunistic crude tankers pull out of clean trades Weaker third-quarter rates blamed on unusual gap between dirty vessels and product carriers
Video: Ukraine claims first ever drone hit on Russian Caspian Sea terminal Footage shows missile exploding on impact with dock at Kaspiysk
Festive gift appeal launches to lift seafarers' spirits Charity to offer parcels and welcoming space to seafarers over Christmas
Seafarer's death 'tragic reminder' of ro-ro loading dangers, says probe Accident on Clipper Pennant highlighted 'widespread divergence' from safe working practices in the ferry industry, UK probe says
Scorpio Tankers, DHT and a dash of deja vu: Why $89m lane change might pay off This week's Streetwise takes a look at Scorpio backing a VLCC owner for the first time in a decade
Trump has no interest in pump prices going up: Ardmore boss digests US election outcome Trump win does not change positive outlook for product tankers, executive tells analysts
DOF whets the appetite for profit and dividends after sealing Maersk Supply fleet deal Norwegian offshore shipowner sees vessel use increase in third quarter
Angelicoussis offers unique glimpse of mega profit and firepower at largest Greek shipowner Famously private Greek giant reveals its massive clout to investors after Altera Shuttle Tankers takeover
Festive gift appeal aimed at lifting seafarer spirits launches Charity to offer parcels and welcoming space to seafarers over Christmas
'Consolidation and renewal': Eitzen firm Christiania completes deal to buy 13 tankers Acquisition of Navquim Holding will see Danish owner increase its long-term cargo reach
Tor Olav Troim-backed Himalaya Shipping cuts dividend amid steady performance Newcastlemax owner also revealed it has bought part of 2020 Bulkers' technical management arm
Torm cuts 2024 forecast as crude tankers take bite out of product trades Product tanker tonne-mile demand grows, then is swallowed by crude tankers
Ukraine to sell infamous Russian tanker that blocked Kerch Strait in 2018 Court clears national asset recovery agency to raise funds from disposal of the Nika Spirit
Expanding Xingtong Shipping splashes $195m on six methanol-fuelled chemical tankers Chinese owner adding two 25,900-dwt ships and four smaller 13,000-dwt sisters
BP secures use of Flex LNG duo for 10 years in huge charter John Fredriksen-controlled owner has signed up modern gas carriers until 2039
CMB.Tech profit drops on falling revenue amid fleet renewal Company formerly known as Euronav takes delivery of eight newbuildings and is set to grow further
BW LPG reveals how it is cooking up nourishing lunches for rural school children in India Expanding partnership with Akshaya Patra Foundation sees gas player donning both builder's helmet and kitchen apron
Trump victory could lead to short-term spike in container freight rates, says Xeneta But liner analytics platform warns another Trump presidency is a step in the wrong direction for international trade
Pink Panther makes Singapore debut as robot developer ECOsubsea eyes hull cleaning niche Company claims new robot can clean a large tanker hull in four hours
Panamanian flag starts to delist Russian shadow LNG carrier quartet Newly US sanctioned vessels receive fresh blow
Excelerate Energy looking at LNG carrier 'candidates' for conversion to FSRUs Regasification specialist eyeing vessel purchase in 2025 to deliver new volumes in its portfolio
Trump will now build his team. Some names familiar to shipping are in the running Potential appointee include influential finance men, as well as Jones Act supporters and sceptics
Montreal port calls on Trudeau to end strike As a strike by dockside workers disrupts container handling, Montreal's port chief executive calls on Ottawa to force union employees back to work.
EFW adds Japanese partner for A321 cargo conversions The company that produces A321 converted freighters is adding a production line in Japan on the expectation that cargo airlines in the region will need more standard-size freighters.
Lockout stalls more container ships outside western Canada ports Ships are waiting at anchor after port employers at Vancouver and Prince Rupert on Monday locked out union forepersons after contract talks broke down.
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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