NTSB reports on role of ECS in $1.47 million Alaska ATB grounding An articulated tug and barge (ATB) unit hit a known underwater rock near Kodiak, Alaska, last year, leading to a grounding that caused $1.47 million in damages, the National Transportation Safety Board
Meyer Werft to build new Disney ship for Japan Disney and Japan's Oriental Land Co., Ltd. (OLC) , which owns and operates the Tokyo Disney Resort, have reached a new agreement that will bring year-round Disney cruise vacations to Japan. It
New SUNY Maritime training ship hit by tech problems While social media posts indicate that SUNY Maritime College cadets look to be having a memorable time in their first Summer Sea Term aboard the school's new training ship the Empire State
St. Johns Ship Building delivers the first of two Chartwell CTVs to Atlantic Wind Transfers St. Johns Ship Building, Palatka, Fla., has delivered the Atlantic Resolute, the first of two Jones Act-compliant Chartwell Ambitious-Class Crew Transfer Vessels (CTV) ordered by Atlantic Wind Transfers. This achievement marks the
Photos: Ship Repair USA 2024 in review Photos of last month's Marine Log's Ship Repair USA conference are now available. Marine Log held its second annual Ship Repair USA conference in the French Quarter of New Orleans on June
SCA announces latest member safety awards winners The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, has announced the recipients ofits annual member safety awards for the 2023 calendar year. This
Nichols Brothers Boat Builders names Lacey Greene VP new construction sales Freeland, Wash., based Nichols Brothers Boat Builders (NBBB) has appointed Lacey Greene as vice president, new construction sales. Greene returns to Nichols Brothers after a period serving as business development coordinator at
Maersk applies India peak season surcharge Danish ocean carrier Maersk has introduced a Peak Season Surcharge (PSS), effective from 20 July, applied to 40 high reefer containers. Origin Destination Rate basis Container Rate Commodity India , INJHT Pakistan / India / Bangladesh / Afghanistan / Bahrain / Iran / Iraq / Jordan / Kazakhstan / Kuwait / Kyrgyzstan / Oman / Qatar / Tajikistan / Turkmenistan / United Arab Emirates / Uzbekistan / Y
CMA CGM and Pasqal partner to harness quantum tech for maritime logistics CMA CGM Group announced a strategic partnership with Pasqal, a French leader in neutral atom quantum computing. Through this collaboration, CMA CGM will invest in its compatriot company aiming to integrate advanced quantum computing technologies into its operations. Moreover, the partnership seeks to leverage quantum computing to enhance transport and logistics efficiency, responsiveness, and ada
Bleckmann purchases majority stake in B2Tex Bleckmann, a player in the textile sector, has acquired a majority stake in the B2Tex Group, a Fashion Logistics specialist based in Spain. B2Tex operates through its renowned subsidiaries, Thinktextil and Handtex. "We are delighted to be working with Bleckmann. Becoming part of a like-minded organization will allow us to further scale our business and access the expertise of Bleckmann. Together
CMA CGM announces Emergency Space Surcharge in Djibouti French ocean carrier CMA CGM has notified its customers about a new Emergency Space Surcharge (ESS), which will be effective from 15 July, until further notice. The surcharge will apply to shipments originating from Djibouti and destined for Northern Europe (including Scandinavia, the Baltic States, and Poland), the Mediterranean and North Africa. In addition, this ESS will be charged on dry boxe
5 Best HVAC Installers in Los Angeles, CA The quest to find the best HVAC installer Los Angeles can significantly impact your comfort at home or work. In LA, where the climate demands efficient cooling and heating solutions, selecting a reliable service is crucial. Here are the top 5 HVAC installers you should consider. Choosing an HVAC installer in Los Angeles requires careful consideration of various factors. The city's climate necessi
How to Maximize the Lifespan of Your Trailer A trailer is a very handy thing to have, whether you are transporting goods or using it for recreational activities, it allows you to be able to do much more. However, trailers can be expensive so you'll want to ensure that it has a long useful life. To do this, you need to ensure that you diligently maintain it and that you use it as it is intended to be used. We have set out some guidelines of
OIA Global acquires Sandford Freight OIA Global, a supply chain solutions company, has announced the acquisition of Sandford Freight, a company providing freight forwarding and logistics services, aiming to strengthen its market position. "This strategic acquisition enhances our competitive strength and underscores our commitment to sustained growth, network expansion, investments in growth verticals, and high-touch customer service
Scan Global Logistics expands in Saudi Arabia Global freight forwarder Scan Global Logistics (SGL) will open a new office in Dammam, Saudi Arabia, adding a new country to its global network by establishing new locations in Riyadh and Jeddah. "Saudi Arabia is one of the world's fastest-growing economies and a major player in international trade. By establishing our own organisation and presence, we can better control our service offerings to
Sea-Intelligence sees growth in non-alliance services Danish maritime data analysis company Sea-Intelligence reported that the initial disruptions to global supply chains triggered by the pandemic had a profound impact on non-alliance services, those operated independently of existing alliance structures. Many of these services halted operations on major East-West trade routes. However, the surge in demand for goods, coupled with rising spot rates,
Euroseas secures new charter with top-tier liner firm Greek vessel owner Euroseas announced a new time charter contract for its 1999-built, 1,732 TEU feeder container ship Joanna for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at an average gross daily rate of US$16,500. The charter for Joanna will commence after the completion of the ship's scheduled drydock, expected around end of October 2024. Aristides
Wilson Sons adds new tug at Brazilian terminals Wilson Sons has initiated operations of the WS Dorado at the Ponta da Madeira, Itaqui, and Alumar terminals in São Luís, Maranhão. This marks the addition of the fifth highly powerful tugboat equipped with advanced sustainable technology in a series of six 2513-class tugboats. Crafted by Damen Shipyards of the Netherlands, this project contributes positively to all Brazilian ports under the compa
Emerging markets power 2024 container trade Trade from the Far East to a bloc of developing economies, especially South America, Africa and the Middle East/Indian Subcontinent, has risen dramatically and has emerged as a key driver of global container trade, according to a new report from Clarksons. The world's largest shipbroker said that trade between the Far East and these developing economies was up 16% year-on-year in the first four m
APM Terminals Suape acquires all-electric container handlers from SANY APM Terminals Suape in Brazil has finalized the acquisition of 28 pieces of all-electric container handling equipment from SANY. Specifically tailored for the new terminal, this equipment showcases cutting-edge technology designed to deliver superior efficiency and safety standards. Furthermore, this investment marks APM Terminals' latest initiative in advancing the adoption of electric container
Maersk revises peak season surcharge from Indian Subcontinent and Middle East to US West Coast Danish container line Maersk has announced a revision of a peak season surcharge (PSS) from the Indian Subcontinent and Middle East to the United States West Coast. Maersk will revise the PSS for United Arab Emirates (UAE), Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman, Pakistan, Qatar, Saudi Arabia and Yemen to United States and Canada West Coast. Eff
Interview with Syed Mohammad Arif, Chairman of Bangladesh Shipping Agents' Association In the following interview, Syed Mohammad Arif, Chairman of the Bangladesh Shipping Agents' Association (BSAA), discussed the latest freight rate trends, the charter market, the impacts of Houthi attacks, and other critical issues in the shipping industry with Container News . Question: How do you see the latest freight rate trends in the industry and what are your expectations/estimations for th
Valencia Containerised Freight Index drops in June In June, the Valencia Containerised Freight Index (VCFI) experienced a slight decline amidst a maritime sector influenced by geopolitical conditions, yet showing signs of global economic improvement. The index, which reflects export prices recorded by Spain's Port of València across 13 global regions, fell to 1,585.67 points, a 1.30% monthly decrease but a 27.8% increase since the year's start. T
Hapag-Lloyd increases rates from Latin America East Coast to North & Central America and Caribbean Hapag-Lloyd has decided to implement a General Rate Increase (GRI) from Latin America East Coast ports to North America, Central America and the Caribbean. The GRI of US$300 per container will be effective from 10 August until further notice and will be applied for both dry and reefer boxes. The German shipping company noted that Latin America's East Coast includes the ports in Brazil, Argentina,
Strike averted at DP World's port facilities in Western Canada A strike by ship and dock foremen at DP World's port facilities in Western Canada has been prevented from occurring this week. On Sunday, July 7, the Canada Industrial Relations Board (CIRB) determined that the International Longshore & Warehouse Union Canada (ILWU) Local 514 cannot proceed with plans to strike on July 8 at about 4:30 p.m. Pacific Time. Union members had indicated that they would
SAAM Terminals, Next Port AI launch partnership to optimise port operations SAAM Terminals has entered into a collaboration agreement with Next Port AI, the technology subsidiary of the international company Moffatt & Nichol, to implement a new platform that combines DigitalTwin and Artificial Intelligence technologies. This platform will create a digital replica of the port's physical assets, processes, and systems, utilizing real-time data collected from sensors and ot
Blasts reported in Gulf of Aden in first suspected Houthi attack of the month A ship sailing through the Gulf of Aden came under fire Tuesday in a new suspected attack launched by Yemen's Houthi group. If confirmed, the incident, which took place some 180 nautical miles east of the coastal town of Nishtun, would be the first Houthi launch targeting commercial shipping this month. Prior to this, the ...
SBM Offshore signs deal to work on floating power hub with carbon capture Dutch floater expert SBM Offshore has signed a memorandum of understanding (MoU) with Ocean-Power to collaborate on a floating power generation hub with CO2 capture and storage. The purpose of the partnership is to assess the technical feasibility and commercial readiness to collaborate on the concept, exclusive to the Norwegian Continental Shelf and United Kingdom ...
Windcat adds to CSOV newbuild series Crew transfer vessel operator Windcat, part of Saverys family-controlled CMB.TECH, has bolstered its orderbook of hydrogen dual-fuel commissioning service operation vessels (CSOVs) at Dutch shipbuilder Damen Shipyards to six. The sixth CSOV will be built at Ha Long Shipyard in Vietnam, where construction of the first five newbuilds is currently underway. The 87 m long ...
Wood gets EPC management gig on Shell's Prelude FLNG UK consulting and engineering firm Wood has won a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell's Prelude FLNG off Western Australia. The company said that it would build on its 70-year global relationship with Shell and deliver integrated brownfield engineering solutions for the Prelude FLNG which is also ...
Evalend pens orders for MR1 tankers in South Korea Greece's Evalend Shipping has lifted its orderbook of product carriers with a fresh order in South Korea for four, albeit smaller, units. Multiple shipbroking outfits have named the Kriton Lendoudis-led diversified owner behind the deal at Hyundai Mipo Dockyard in Ulsan for an MR1 quartet. The 37,000 dwt units, worth more than $190m, will add ...
Euroseas fixes charter for 25-year-old feeder boxship Nasdaq-listed Greek boxship owner Euroseas has entered a time charter contract for one of its feeder boxships. Euroseas won a charter for the 1,732 teu, 1999-built Joanna for a minimum period of 23 to a maximum period of 25 months at the charterer's discretion, at a gross daily rate of $16,500. The new charter with ...
Danaos details latest boxship orders Greek owner Danaos has confirmed adding five newbuild containerships to its orderbook worth nearly $510m. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted four 9,200 teu ships at China's state-run Dalian Shipbuilding Industry Co (DSIC), verifying most recent broker reports, but also revealed adding another 8,258 teu vessel to its newbuilding ...
GTT invests in dry bulk digitalisation specialist The investment arm of the GTT Group, GTT Strategic Ventures, along with Counterview Capital, Lifeline Ventures, and Tesi has invested in Seaber.io, a Finnish maritime software company specialising in the digitalisation of scheduling and chartering processes for bulk shipping. The Helsinki-based firm offers a cloud solution with dynamic, real-time management of cargo and maritime fleets, ...
Hitachi Zosen embroiled in growing Japanese engine scandal Shipowners and charterers have been left to wonder what their genuine emissions output is as a rumbling Japanese engine scandal explodes to encompass other popular brands. Following the news this April that more than 4,000 ship engines manufactured by IHI Power Systems had falsified fuel economy data over the past 20 years, another major local ...
SSE consortium presses ahead with 2 GW Dutch offshore wind farm UK-based utility SSE and its consortium partners have confirmed moving forward with the 2GW offshore wind farm in the Netherlands. The project, located in the IJmuiden Ver wind farm zone, is expected to reach a final investment decision by late 2025, and the wind farm commissioned by the end of the decade. In June, the ...
Dominion Energy buys offshore wind lease from Avangrid for $160m Dominion Energy has agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments, which will be known as CVOW-South, from Spain's Iberdrola US arm Avangrid for approximately $160m. The lease was bought by Dominion's subsidiary Virginia Electric and Power Company and the price includes a payment of about $3,000 per acre ...
Container shipping will be hit hardest by upcoming FuelEU Maritime regulation New analysis from Germany shows the container sector faces the brunt of penalties from the upcoming FuelEU Maritime regulation, the sector likely to account for nearly a third of all payouts. The financial impact of FuelEU Maritime, which comes into force at the start of next year, is focusing the minds of shipping companies as ...
Gautam Adani looks to add shipbuilding to his sprawling business empire Indian billionaire and chairman of the Adani Group, Gautam Adani, is reportedly mulling entering the shipbuilding business at the company's port at Mundra. According to local media, Adani's shipbuilding scheme is part of the $5.4bn expansion plan for Mundra Port which has recently received environmental and coastal regulation zone clearance. No specifics of the yard ...
Laskaridis adds five MR tankers to orderbook Greece's Laskaridis Maritime has moved into the MR product tanker segment with a newbuild series in China. The Athens-based shipping arm of the Alimia Group has returned to Penglai Zhongbai Jinglu Ship Industry for five MR vessels after signing up for a pair of kamsarmax bulkers in April. No price or delivery dates have been ...
Gulf Energy Maritime orders LR1 tankers at K Shipbuilding Product and chemical tanker owner and operator Gulf Energy Maritime (GEM) has returned to South Korea with a new order for LR1 newbuilds. Shipbuilding sources suggest the Dubai-based company has tapped K Shipbuilding to add four 75,000 dwt units to its growing orderbook. No price or delivery dates have been revealed. Gulf Energy also recently ...
China's Hengli yard plots $1.3bn expansion A giant resurrected Chinese shipyard is set to churn out far more ships after its parent announced a $1.3bn expansion plan. Hengli Group, a private oil player in China, which acquired STX Dalian two years ago, now rebranded Hengli Heavy Industry, has detailed plans to up the yard's annual shipbuilding capacity to 7.1m tons, more ...
India eyes more transhipment business India's bid to take away transhipment business from established regional leader Sri Lanka is gaining steam. Cochin Port Authority (CPA) in the far southwest of the country has outlined plans to deepen the channel leading to its International Container Transshipment Terminal (ICTT) from 14.5 m to 16 m in a bid to attract larger ships ...
Former Swiber CEO hit with $230,000 fine over insider trading and false contract disclosure Singapore has fined the ex-chief executive of collapsed offshore oil and gas contractor Swiber, S$310,000 ($230,000) over false statements about contract awards and insider trading. Yeo Chee Neng has been sentenced to pay S$100,000 for his involvement in Swiber making a false announcement on the Singapore Exchange about a $710m project award. In December 2014, ...
Boskalis buys rest of Smit Lamnalco from Rezayat Group Dutch dredging contractor and marine services provider Boskalis has announced that it would be buying all the remaining shares in the world's fifth-largest towage operator, Smit Lamnalco. Boskalis already owns 50% of the shares in the company as it is a joint venture between the Dutch firm and Saudi Arabian company Rezayat Group. Boskalis said ...
LNG fuel backers come up with methane slip proposals The Methane Abatement in Maritime Innovation Initiative (MAMII), whose members include some of the biggest backers of LNG as a fuel, has come up with some pointers on how the industry can make the fossil fuel more green. The group, which includes the likes of Shell, Mediterranean Shipping Co and cruise giant Carnival among its ...
Uniatlantico buys out EMS-Fehn's maritime division Hamburg owner Uniatlantico has become the majority shareholder in the maritime division of EMS-Fehn Group in the latest chapter of German shipping consolidation. Uniatlantico is taking over three divisions including EMS Chartering and Fehn Ship Management for an unspecified sum. "We are very pleased to have this expanded team of seasoned and acclaimed shipping professionals ...
Charleston clears vessel backlog, but expects some delays through November The port was able to clear all the recently anchored vessels, helped by a temporary reopening of all Wando Welch's berths last week amid a 10-day pause in project work.
US retailers upgrade import forecast for sixth straight month amid strong sales The revised forecast from the National Retail Federation comes as US consumer spending remains strong despite higher prices for merchandise and various supply chain challenges that have increased shipping costs.
Infrastructure, green energy projects to boost Houston breakbulk activity Spillover talk is surfacing, but a shift has yet to materialize at Port Houston while oil and gas-related steel demand is on the downswing as rig counts drop.
INTTRA platform market share loss suggests new landscape for ocean freight booking Shippers and forwarders now have a range of options to book with ocean carriers, who themselves have developed direct online portals to lure smaller ocean freight buyers.
Container carriers to shoulder bulk of Europe fuel intensity rule Ocean carriers calling at European ports are having to navigate an increasingly complex and costly decarbonization landscape.
Houthis claim attacks on Maersk and MSC container ships Maersk confirms attack on Maersk Sentosa but other claims unverified
N2 Tankers to rejuvenate aframax fleet with Nissen Kaiun newbuildings Boutique aframax operator is also looking at growth through long-term charters and new shipowner partners
Japan investigates more engine makers after Hitachi Zosen and IHI admit to data tampering Government to investigate 19 marine engine makers in country, including all licensees of MAN and WinGD
Ukrainian seafarers to remain out of reach of tighter draft laws, mental health expert says Ukrainian psychologist believes crew members will gradually become part of the overseas workforce as war goes on
Chinese VLCC giant braces for falling profit Company says it has been adjusting fleet capacity and dry-docking schedule to take advantage of healthy markets
Danaos Corp lifts latest neopanamax newbuilding order tally Greek shipowner has added a seventh 8,258-teu vessel to its orderbook
Shipping stocks take a hammering as Gaza ceasefire edges closer Israeli container line Zim loses 18% of its value in a day as Hamas backs US proposal
Tankerska Plovidba adds $8m slice of bulker owner Atlantska Filing reveals result of attempt to mop up remaining minority shareholders in Croatian company
TS Lines hops on rates bandwagon and re-enters transpacific trade Another regional liner operator is taking advantage of sky-high freight rates
Berge Bulk installs rotor sails on Valemax as it doubles down on wind power Berge Neblina has four Anemoi devices installed to test ability to reduce fuel consumption
Trading house splits fuel choice for bulker newbuilding trio Two ships being built in China and one in Japan
Suezmax tankers to shed tonne-miles as Africa's biggest refinery ramps up operations Dangote refinery near Lagos is a major disruptor for the oil trade with aframax tankers set for boost
Uni-Tankers talks up Danish Cleanship project to measure emissions-reduction on vessels Danish shipowner believes real-time project can enhance understanding of how to reach net-zero
Trading house splits fuel choice for kamsarmax bulker trio newbuildings Two ships being built in China and one in Japan
Crowley strikes deal to end lawsuit over alleged sex trafficking After two judges allowed litigation to move forward, out-of-court settlement closes the book on rape case
Boskalis bags full ownership of Smit Lamnalco as 50-year Saudi partnership ends Boskalis union with industrial group Rezayat has been concluded
Disney Wish cruise ship order throws struggling shipbuilder Meyer Werft a lifeline Deal seen as 'important signal' as German shipbuilder faces liquidity crisis
DHT Holdings jumps into VLCC time charter market in deal with Indian conglomerate VLCC period fixtures have been slow to come by in 2024
Harry Vafias joins product tanker newbuilding dash with brace at favoured yard The Greek shipowner has ordered two newbuildings worth $108m at Hyundai yard
Tanker demand fears grow as Chinese crude voyages drop to lowest level for two years Data compiled by Bloomberg shows only 86 vessels signalling Chinese ports over next three months
Tanker bottleneck unwinding at key French port as strike ends Docking of Economou tanker marks first crude import since 27 June at Marseille-Fos
New Houthi attack suspected as 'explosions' seen close to tanker If confirmed, latest incident would be one of the eastern-most Houthi attacks to date
XO Shipping profit takes a hit from disrupted bulker markets Danish bulker operator aims to expand and gain better access to markets in Asia and the Middle East
Tanker dodges 'explosions in the water' as Gulf of Aden attacks restart If confirmed, latest incident would be one of the eastern-most Houthi attacks to date
Chinese VLCC giant selling tankers as it braces for falling profit Company says it has been adjusting fleet capacity and drydocking schedule to take advantage of healthy markets
Ship recycler 'lied' about personal wealth to secure $45m loans, court finds Judge says Tahir Lakhani was 'disarmingly frank' about deceiving lenders over scrapping delays
Hafnia finance boss Perry van Echtelt bags shares for a song Perry van Echtelt gets his hands on long-term incentive stock awarded in 2022
GTT hands over 'crown jewels' as Jean-Baptiste Choimet steps into hot seat Inquisitive kitesurfing engineer keen to enthuse colleagues and stick close to clients
Euroseas extends life of 25-year-old feeder ship with new charter The veteran Joanna has found work for two years after upcoming special survey
Slow VLCC market drags Hunter Group to monthly loss Oslo-listed VLCC lessor sees bottom line dip into red for June
Brokers see 'corrections' in tanker rates as Hurricane Beryl cuts off crude exports Shipments stalled on Monday in US Gulf coast ports after category 1 storm hit Texas
DHT Holdings jumps into VLCC timecharter market in deal with Indian conglomerate VLCC period fixtures have been slow to come by in 2024
Crew of tanker hit by Houthi missile honoured for bravery Captain of Marlin Luanda organised firefighting operations for hours before help arrived
Former Swiber CEO fined $230,000 over fake contract news and insider trading Seven other directors have also been fined for their part on falsifying lucrative contract
MISC lines up fresh order for LNG carrier newbuilding pair in South Korea Letter of intent pencilled in with Samsung Heavy Industries
TS Lines hops on rates bandwagon and reenters transpacific trade Another regional liner operator is taking advantage of sky-high freight rates
Titans of LNG-fuelled shipping unveil strategy for tackling methane emissions challenge Initiative calls for regulation and standardised measurement
CargoX goes live with HMM eBOL partnership CargoX has launched its solution tailored to meet the electronic bill of lading standards of Korean container carrier HMM and the Digital Container Shipping Association.
Ports in Houston and Galveston remain closed in wake of Hurricane Beryl Ports in Houston and Galveston remain closed Tuesday in the aftermath of Hurricane Beryl.
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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