Becker launches two new product lines at SMM Hamburg-based Becker Marine Systems showcased two recent additions to its portfolio of maneuvering systems and energy-saving devices at this week's SMM event. Both are aimed at optimizing vessels' hydrodynamic performance. During a
Port of NSW installs its first major rooftop solar panel system Port Authority of New South Wales Principal Environmental Planner Fiona McKay announced the installation of 81 solar panels to reduce dependence on grid electricity. By utilizing rooftop space efficiently, the panels will generate power to support onsite maritime operations. While the Port Authority already offsets 100% of its State-wide electricity consumption through renewable energy via a powe
Common Causes of Port Accidents Ports are bustling hubs of activity, playing a vital role in global trade and transportation. However, the very nature of port operations, involving heavy machinery, large vessels, and constant movement of goods, creates an environment where accidents can happen. Understanding the common causes of port accidents is crucial for improving safety measures and reducing the risk of injury. This articl
Maersk deploys largest methanol-powered ship on Gothenburg-Asia route Maersk has introduced its latest and largest methanol-powered vessel, Antonia Maersk, on its weekly transoceanic route between Sweden's Port of Gothenburg and Asia. This addition brings the total number of methanol-powered container ships regularly visiting the Port of Gothenburg to two. "With Antonia Maersk, we are taking another important, concrete step in the green transition of shipping and e
South Coast Logistics plans new inland terminal in Ireland South Coast Logistics announced that it has successfully secured planning permission for its pioneering "Inland Port Terminal" in Ballycoolin, Dublin. This cutting-edge facility, the first of its kind in Ireland, will operate as an Upper Tier Seveso site under the regulation of the Health & Safety Authority (HSA). The terminal will provide a wide range of integrated services, including storage fo
Navigating Maritime Power - Analysis of Asian Competitiveness Based on the analysis of maritime power for the period from 2021 to 2024, using indicators such as shipping connectivity, port throughput, and container fleet size, several key findings emerge that underscore the dynamic nature of maritime competitiveness in Asia. The analysis expectedly reveals that China stands out as the most powerful maritime nation by a considerable margin. This dominance is
Port of Colombo marks milestone with 24,000 TEU Ever Arm call Sri Lanka Port Authority (SLPA) announced the call of the 24,000 TEU container vessel Ever Arm at the Colombo East Container Terminal (CECT) on 5 September. Sailing under the flag of Taiwan, the giant container ship marks a significant milestone for the Port of Colombo, the busiest port in South Asia. Ever Arm, measuring 400 metres in length and 60 metres in beam, features a substantial summer dr
Evergreen ordered to compensate Taiwanese port owner over collision A Taiwanese court has ordered Evergreen Marine Corporation (EMC) to pay compensation of US$1.38 million to the state-owned port owner Taiwan International Ports Corporation (TIPC), in relation to the collision between its ship Uni-Premier and TIPC's tug in August 2021. At the time, the 2001-built 1,600 TEU Uni-Premier was preparing to berth and was being piloted. The tug, TIPM No. 14402, was assi
Maersk appoints new Managing Director for UAE Maersk has appointed Lisa Park as the new Managing Director for the United Arab Emirates (UAE), effective from 1 October 2024. In her expanded role, she will also oversee operations in Oman and Qatar. "With a comprehensive understanding of our business and our customers and a keen ability to mobilise strong teams, I am confident that under Lisa's leadership, we will continue to achieve new growth
Maersk increases peak season surcharge from China to Kenya Maersk is increasing the Peak Season Surcharge (PSS) for shipments from China and Hong Kong to Kenya, effective from 1 October, for all dry and reefer containers. The Danish carrier's updated PSS from Taiwan to Kenya will take effect on 5 October. Origin Destination Rate Basis Container Rate Effective date China Kenya Per container ALL_20_DRY US$300 1 October Hong Kong China Kenya Per container A
New automated container loader arrives at Stockholm Norvik Port At the end of August, a new automated container loader arrived by sea from Latvia to Stockholm Norvik Port. This new addition is expected to boost the Swedish port's capacity and enhance its services to better support the Swedish export industry's need for efficient cargo containerization. The advanced container loader introduces a novel cargo stuffing method, optimizing efficiency for industries
ESL boosts Far East - East Africa network with two new services Emirates Shipping Line (ESL) has unveiled two new products, the Fahari (FHX) and Fanaka (FNX) services, as part of an evolution from its previous Far East Africa Express (FAX). The new services are designed to provide connections between Chinese markets and East Africa. The FHX and FNX service port rotations will be as follows: FHX service route: Qingdao - China, Shanghai - China, Ningbo - China,
China State Shipbuilding Corporation unveils world's first 27,500 TEU container ship China State Shipbuilding Corporation (CSSC) debuted the world's largest container ship at the SMM Hamburg Maritime Exhibition, unveiling GREEN SEALION 27500 with a box capacity of 27,500 TEUs. The giant vessel, which received its Approval in Principle (AiP) certificate from the DNV classification society, is a dual-guel ship powered by LNG, meeting IMO Phase III carbon reduction standards and set
Port of NY and NJ sets all-time July record surpassing 800,000 TEUs July marked a record-breaking month at the Port of New York and New Jersey, with a total volume of 806,015 TEUs, making it the busiest July in the port's history and the seventh busiest month overall. The port's July figures represent an 11.1% increase from last year's numbers, bringing the total container volumes for 2024 to 5,016,626 TEUs. Imports rose by 13.5% in July with the US port handling
LA Harbor Commission approves US$52 million rail expansion project The Los Angeles Harbor Commission has approved a lease amendment, solidifying plans for a US$52 million infrastructure improvement project aimed at significantly enhancing on-dock rail capacity and reducing emissions at the Port of Los Angeles' Pier 300 terminal, operated by Fenix Marine Services. Construction is scheduled to begin next year. "This project enhances cargo capacity and efficiency w
ILA's calls to go on strike in October grow stronger The looming possibility that a strike might occur at US East and Gulf Coast ports seemed to escalate Thursday (5 September), with nearly 300 delegates at an International Longshoremen's Association (ILA) meeting in North Bergen, New Jersey, unanimously approving ILA President Harold Daggett's calls to go on strike on 1 October if ILA and the United States Maritime Alliance (USMX) fail to reach a
CMA CGM applies new peak season surcharge from East Africa, South Africa and Indian Ocean to Europe French ocean carrier CMA CGM has notified its customers of the implementation of a peak season surcharge (PSS) from East Africa, South Africa and Indian Ocean to Europe. Effective from 15 September 2024 (based on the loading date) and until further notice, CMA CGM's surcharge will apply to all cargo originating from East Africa, South Africa and the Indian Ocean, destined for North Europe (includ
Peninsula tied to LNG bunker newbuilds in South Korea Fuel supplier Peninsula has been linked to a pair of LNG bunker vessel newbuilds in South Korea. Shipbuilding sources suggest the Gibraltar-based tanker and bunker group is behind an order for 18,000 cu m ships announced on Thursday at HD Hyundai Mipo. The newbuilds, priced at about $93m each, should deliver by November 2027. Peninsula ...
SBM Offshore and MISC agree ownership swap on FPSO pair Dutch floater expert SBM Offshore has sold its stake in one floating, producing, storage, and offloading (FPSO) vessel to its partner MISC Berhad and took full ownership of another in return. SBM Offshore said that it signed two share purchase agreements with MISC. The first relates to the total acquisition of MISC's equity interest in ...
US adds more Russian gas ships to its sanctions list The US has added two more Russian-linked LNG carriers and their operators to its sanctions list with the aim of stymying exports from the new Arctic LNG 2 project. The 2007-built 149,700 cu m New Energy and the 79,833 cu m newbuilding Mulan have been added to the sanctions list. The New Energy was spotted ...
CM Lemos inks suezmax orders Greece's Nereus Shipping, an affiliate of CM Lemos, has added three more tankers to its orderbook. The Piraeus-based tanker and bulker outfit has revealed three suezmax newbuilds would be joining its fleet in 2027. Splash understands the 158,600 dwt ships will be built at Japan Marine United, which marks the company's return to Japan's second-largest ...
Eastern Pacific adds to boxship newbuild series Singapore-based Eastern Pacific Shipping (EPS) has stepped up its containership ordering drive with up to 11 newbuilds booked at China's New Times Shipbuilding. Brokers report the Idan Ofer-controlled shipowner, with one of the largest newbuilding programmes in the industry, has contracted four 18,000 teu vessels - likely options called following eight firm vessels booked earlier ...
TGS starts work on 2D survey offshore Indonesia Norwegian offshore seismic acquisition specialist and data provider TGS has started the acquisition of a 2D seismic survey in the Sumatra basin offshore Indonesia. The survey, conducted using COSL's HYSY 718 vessel, is expected to comprise between 5,500 and 6,500 line kilometres, covering two regions. The seismic acquisition is expected to be completed by the ...
US gives green light to tenth offshore wind project The US Department of Interior (DOI) has approved the Maryland Offshore Wind Project, the nation's tenth commercial-scale offshore wind energy project approved under the current administration. With this approval, the Department has approved more than 15GW of clean energy from offshore wind energy projects, half the capacity needed to achieve the country's goal of 30GW ...
Shelf Drilling finds work in West Africa for jackup duo Oslo-listed jackup rig pure-play Shelf Drilling has won new deals for two of its rigs in West Africa. The company has secured a contract for the Shelf Drilling Mentor covering 10 wells for an estimated 450 days in direct continuation of the rig's current campaign in Nigeria with a contract value of $60m. Shelf Drilling ...
Why AI is perfect for maritime operations Frank Coles picks out certain aspects of shipping that could be revolutionised by artificial intelligence. During my time as CEO of Transas from 2015 to 2018, we discussed at length the use of machine learning in our models for routing and advancement of the predictive models. Now it seems the buzz word of AI is ...
The Lloyd's List Podcast: Why are Chinese shipyards being brought out of retirement? Our APAC and markets editors take a look at the shipbuilding industry and ask whether overcapacity is a genuine fear...
StealthGas sees 'promising' outlook for handy size LPG carriers Harry Vafias says medium gas carrier orderbook now 'worrisome', especially if ammonia windfall fails to materialise
New study reawakens seafarer fatigue debate A new study by the World Maritime University confirms years of anecdotal evidence that shipping has a systemic problem in...
Laskaridis plans up to four reefer newbuilds with Chinese partner Newbuildings set to become Greek operator's first new reefer order for more than 20 years
Watch out for box service changes ahead of Gemini alliance, shippers warned Flexport warned that shippers cannot assume freight prices will fall as containership capacity increases, since carriers could reroute or blank...
Libyan port of Brega remains open for export despite oil blockade Frontline chief executive Lars Barstad confirms Libyan port of Brega is operating as normal after tanker Front Jaguar loads and...
Container volumes maintain strong growth through July Latest CTS figures show year-to-date volumes tracking 7.1% above last year through the first seventh months of 2024, as pre-peak...
Sounion: shipping gets away with it again Moral culpability for this casualty rests with the damn fools crazy enough deliberately to set a suezmax on fire. But...
Carriers not sticking to long-term contracts with shippers A majority of long-term container shipping contacts are not being honoured, as carriers break contracts in search of profits, Flexport...
Secondhand boxship sales on the rise but recycling remains muted The containership sale and purchase market is picking up after the summer slowdown, with MSC continuing to snap up ships...
Chinese distressed assets specialist DCL to capitalise on shipbuilding upswing A low acquisition price and a shortage of shipbuilding capacity were chief factors behind the company turnaround specialist's investment decision
Brazil-China cape rates show signs of rebound, but gains could be short-lived Capesize rates on the Brazil-China route have seen improvement in the past month, buoyed by increased iron ore shipments from...
Spyware-on-sea: how insurers can protect maritime infrastructure Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies
South Korean shipbuilders adopt language-support technology to integrate foreign workers SHI has developed a multi-language virtual reality simulation program for training tack welders, while HD KSOE is adopting artificial intelligence...
Chinese ports halt operations amid Typhoon Yagi Terminals in Guangdong and Hainan are shutting down partly or fully to prepare for the impact of the storm
BW LNG seals 10-year Jordan floating storage unit deal The FSU will make up the storage component of planned onshore regasification facilities at the site
Daily Briefing Shipment from Sevastopol reaches Egypt despite Ukrainian warning | Red Sea transits now 'impossible' for ships with US, UK or...
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...
LTL shipment count gains subsiding in H2, but pricing keeps rising The latest year-over-year comparisons are clearing up LTL market distortions caused by Yellow's failure and revealing weak demand, but tight capacity is pushing up rates.
Rail container dwells in Seattle-Tacoma still high, but relief in sight Dwell times at marine terminals in the Northwest Seaport Alliance have doubled in recent weeks as intermodal container moves spiked amid peak season imports.
Blank sailings, cargo push help reverse rate slide on Asia-Mexico trade A big jump in spot rates was pegged to the cascading impacts of blank sailings and a volume rush from shippers ahead of China's Golden Week holiday in October.
First signs of a deal emerge in long-running German port dispute After five rounds of negotiations and a series of 24-hour warning strikes at Germany's ports, the union and port employers may finally be close to an agreement.
Little cause for optimism as clock ticks toward ILA contract expiration Despite sources telling the Journal of Commerce that management has reached out more than 10 times since June seeking new talks, none have been scheduled and there appears to be little motivation on the part of management or labor to secure a deal to avert a strike.
Trans-Atlantic shippers test contingency plans as ILA strike threat grows With just three weeks to go until the union's master contract with port employers expires, US importers are scrambling for options but are finding there are no ideal alternatives.
ILA locals prepping for coordinated strike at US East, Gulf coast ports The International Longshoremen's Association is starting to coordinate local labor actions as its executive leaders note the ongoing "impasse" in talks with maritime employers.
Maersk locks in 20-year-old Global Ship Lease ship amid strong demand for container vessels Danish giant signs three-year deal as liner operators remain eager to lock in tonnage amid Red Sea crisis
Foremost Group affiliate and Argentine yard locked in spat over bulker repair After the En May struck a bridge, shipowner alleges that repairs took 77 days beyond contract as costs piled up. Yard president rejects claims
Star Bulk's cuts of ex-Eagle staffers continue as bunkering chief departs Veteran fuels man follows departures from financial and technical departments
Foremost Group affiliate takes Argentine yard group to court after bulker repairs drag on After the En May struck a bridge, shipowner alleges that repairs took 63 days beyond contract as costs piled up
US bulker operator Pioneer Navigation scoops up two chartering staffers from Lauritzen Bulkers Departures include long-time Lauritzen man Peter Bro
Arkas reveals Chinese finance behind expanded boxship order Turkey's biggest boxship owner hikes its orderbook at CSSC yard by another pair of panamax container ships due 2028
Owners waited too long to renew fleets, says DNV 'Many owners in strategic trap ... and now have to renew at current prices'
Charterers' scruples over tanker age will wobble at rates of $100,000, Barstad says Frontline boss believes compliance requirements would be eased in stronger tanker markets
Kristian Gerhard Jebsen linked to Oldendorff kamsarmax duo Brokers say modern ships sold in summer have gone to Norwegian group
'Stolen' reefer that left Russian port under allegedly fishy circumstances arrested in India Company that claims to have bought the ship in 2016 says its sale to Indian recyclers was unlawful
Maria Angelicoussis tops up fleet with Chinese capesize Major Greek owner Maran Dry expands its footprint while selling its oldest vessel
Container lines seeking to stop the rot as freight rates slide further Lines blank capacity to manage a downturn in demand over Golden Week
Tanker now 'adequately' insured after Indonesia grounding Technical manager says elderly vessel has no links with shadow insurer after ownership switch
Hapag-Lloyd shareholders seal pact through to 2030 Agreement ending in 2026 will be extended for four more years
How Frontline-Euronav VLCC mega-deal could still unwind US fund FourWorld wants to annul or boost the value of massive transactions involving John Fredriksen and the Saverys family
Dark tankers turning off AIS pose ongoing threat after VLCC smash, says Hafnia's Mikael Skov CEO says problem requires regulatory fix
Fuel spill from mystery ship closes beaches in Canary Islands Environmental emergency declared on Gran Canaria
Chokepoints, fuels and fires: The challenges facing marine insurers Underwriters in Berlin will assess growing industry risks from cyber attacks to fires and dangerous chokepoints
Norwegian shipping executive charged over secret filming of colleagues in bathroom John Anders Lindtveit Rose has resigned as general manager of Maritimt Forum
Rates spike is coming, Fearnleys reassures impatient tanker investors Tanker adviser Jonathan Staubo believes fundamentals are there for healthy earnings
Ships face port bans if they fail to deal with stink bug threat, insurers warn Invasive insect shelters from cold in containers and mechanical cargoes
Wavelength podcast: From SMM, yard bottlenecks and future fuel pricing From the TradeWinds Shipowner Forum and the halls of SMM
Greek owner Load Line reveals handymax bulker buy Dong-A Tanker's DL Jasmine has joined Load Line Marine fleet
Crackdown on risky ships could be vastly improved with data modelling rethink, say researchers Study claims better hit rate of risky vessels after analysis of 500,000 major incidents
Rebel investors speak out as $650m verdict looms for Saverys over Euronav spat US fund seeks to raise the bid price paid by family's CMB operation for Belgian tanker owner
Opec+ delays oil production lift to December Prospect of increased exports had boosted tanker equities
MOL invests in Norwegian ocean venture fund to push new blue economy MOL Plus to strengthen collaboration with start-ups within impact investing
Oceanis pivots from broker to software provider after founders join Ifchor Galbraiths Ship financier makes 'strategic' move after partial sale to shipbroking giant
Frontline tanker manages to load Libyan oil despite port blockade LR2 Front Jaguar was permitted to dock to lift cargo from storage at Brega
Tor Olav Troim's Golar LNG prices $300m bond for refinancing in Nordic market New issue will mature in September 2029
Hoegh Autoliners sees another month with record rates driven by cargo repricing CEO says fluctuations in volumes and rates will depend on trade and cargo mix and vessel positions
'Stolen' reefer that left Russian port under allegedly fishy circumstances arrested in India Company that claims to have bought the ship in 2016 says its sale to Indian recyclers was unlawful.
Too hot to handle: Why the owner of a sanctioned tanker is being given the cold shoulder by recyclers Cash buyers are refusing to touch an aframax tanker blacklisted by the US
Fujian Shipping doubles orderbook with deal for kamsarmaxes in China Shipowner renewing fleet through return to Haitong Offshore Engineering
US adds two LNG carriers to lengthening Russian sanctions list Newbuilding and receiving vessel for transshipped Arctic LNG 2 cargo are latest to be hit
Too hot to handle: Why recyclers are giving sanctioned tankers the cold shoulder Cash buyers are refusing to touch an aframax tanker blacklisted by the US
Port of LA topples Laredo, Texas, as top US trade gateway for July The Port of Los Angeles edged out Laredo, Texas, as the No. 1 U.S. trade gateway in July, while Mexico was the top U.S. trade partner for the month.
Union reps back East and Gulf Coast dock strike International Longshoremen's Association representatives unanimously backed President Harold J. Daggett's call for a coastwide strike at ports from Maine to Texas on Oct. 1.
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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