VIDEO: Eastern Shipbuilding moves ahead on OSV to SOV conversion Eastern Shipbuilding Group, Panama City, Fla., has released video showing that it is well along with its conversion of a 280-foot offshore supply vessel (OSV) to a battery-hybrid service operation vessel (SOV),
Tug crew abandoned as WSF cancels sale of two decommissioned ferries "We have canceled purchase and sales agreements with Nelson Armas for decommissioned ferries Elwha and Klahowya," Washington State Ferries said September 5. "This comes after issues arose while Armas tried to move
Former Coast Guard Academy cadets file complaints alleging sexual violence In ongoing fallout from the 2023 CNN "Operation Fouled Anchor" report on sexual assault and harassment at the United States Coast Guard Academy, thirteen former academy cadets have filed separate Federal Tort
Wärtsilä to develop Singapore's next-gen vessel traffic system Wärtsilä has secured the prototyping tender for the groundbreaking Next Generation Vessel Traffic Management System (NGVTMS) project, awarded by the Maritime and Port Authority of Singapore (MPA). This project aims to revolutionize maritime safety and operational efficiency at one of the world's busiest ports. Wärtsilä recorded the order in the third quarter of 2024. "MPA is committed to the mari
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CMA CGM applies congestion surcharge in Algeria Due to the ongoing congestion in Algeria, CMA CGM has informed its customers of the introduction of a Port Congestion Surcharge (PCS). This surcharge will take effect on 9 September 2024 (based on the loading date) and will remain in place until further notice. The congestion surcharge applies to all cargo transported from North Europe to Algeria, covering the ports of Alger, Bejaia, Skikda, and
HMM follows MSC and CMA CGM, turning to pre-owned boxships High charter costs have made HMM join two giant ocean carriers MSC and CMA CGM in buying elderly secondhand feeder ships. HMM's spokesperson told Container News that the company is currently in discussions to buy three 2005-built feeder ships. These are MPC Container Ships' 2,500 TEU AS Paola and Regional Container Lines' 2,400 TEU Wanda Bhum and Xutra Bhum. HMM's spokesperson said, "HMM actively
ICS Publications releases guide for shipboard inspections The International Chamber of Shipping (ICS) Publications introduced its newest release, "A Practical Guide to Shipboard Inspections". This first edition is a comprehensive resource designed to aid the maritime industry in preparing for and navigating the complex landscape of ship inspections. Inspections are a critical aspect of the shipping sector, affecting all types of vessels through scrutiny
ZIM and MSC announce new cooperation in Transpacific trade ZIM and MSC have signed a new agreement for six Asia to US East Coast and US Gulf Coast services, scheduled to commence in February 2025. The three-year agreement between the two ocean carriers includes slot swap and vessel sharing agreements, including six services connecting Asia with the US East Coast, West Coast of Mexico, Caribbean ports and US Gulf ports. The proposed rotations of the ZIM/M
Visayas Container Terminal receives new Konecranes mobile harbor cranes The Visayas Container Terminal (VCT), a cargo handling facility operated by International Container Terminal Services Inc. (ICTSI) in Iloilo, Philippines, has improved its operational capabilities with the addition of two new ESP.5 Konecranes Gottwald mobile harbour cranes (MHCs). These advanced cranes, the largest and first of their kind on the island of Panay, are set to raise the bar for port
Top 10 Container Ports in Europe: Piraeus position at risk PortEconomics member Theo Notteboom compiled a table showing the year-on-year TEU growth in the top 15 container ports in the European Union during the first six months of the year. "While 2023 was characterized by a strong to moderate traffic decline in most ports, the first half of 2024 brought double-digit growth in seven of the top 15 ports," pointed out Notteboom. As seen in the table, Portu
Port of Oakland invites development proposals for Howard Property The Port of Oakland has issued a Request for Qualifications (RFQ) to find a developer for its 200,000 m² Howard Property, situated along the Oakland waterfront. This site, which was a marine terminal until 2013, is now open for a variety of potential uses. It is located between industrial operations to the west and Jack London Square-Oakland's premier waterfront entertainment area-to the east. Th
Inchcape Shipping Services opens new office in Chile Inchcape Shipping Services, a global provider of port agency and maritime services, announced the opening of its newest office at the strategically important Port of Arica in Chile. This expansion marks a major milestone for Inchcape, situating the company at South America's northernmost port near the Peru border, and providing access to a vast hinterland that includes regions of Peru, Bolivia an
Copenhagen Malmö Port achieves full transition to fossil-free fuel at container terminal Fuel consumption for container handling at Copenhagen Malmö Port (CMP) - one of Scandinavia's largest port operators - is now entirely fossil-free, following the full implementation of HVO100 fuel (hydrogenated vegetable oil). This shift has resulted in an annual reduction of over 286,000 litres of fossil diesel and a decrease in CO2e emissions by 640 tonnes. CMP began introducing HVO100, a renew
Folk Maritime launches new India - Saudi Arabia service Folk Maritime Services Company has announced the launch of a new shipping route connecting Saudi Arabia's Jeddah Islamic Port with India's major commercial ports, Mundra and Nhava Sheva. Starting in September, this 10-day service, utilizing two vessels, aims to boost trade by facilitating the transport of consumer goods from India and exporting Saudi products, including petrochemicals. Along with
PD Ports invests US$1.3 million in new bulk tipper trucks A US$1.3 million investment in five specialist bulk tipper trucks has bolstered PD Ports' services for customers importing grain and powder products through Teesport. The STAS Agrostar bulk tipper trailers, specifically designed for handling complex materials like grain and powder, were delivered this summer along with five Volvo trucks. This investment underscores PD Ports' dedication to port-ce
MSC reveals future standalone East/West service network The world's largest container shipping company MSC has announced its independent service network for East/West trades, which will be effective from February 2025, when the 2m alliance of MSC and Maersk will be terminated. MSC's standalone service network will include five trades with 34 loops incorporating: Seven loops for Asia North Europe Six loops for Asia Mediterranean Four loops for Asia Nor
COSCO and TCL launch warehousing partnership in North America COSCO SHIPPING and TCL have officially announced the launch of their North American warehousing partnership. The launch of this warehousing operation is an important element of COSCO SHIPPING and TCL's end-to-end logistics strategy, designed to optimize TCL's supply chain in the North American market, enhance logistical efficiency, and provide customers with faster, higher-quality service. The ne
Revamping Your Logistics Company and Turning Nightmares Into Dreams Photo by Markus Spiske on Unsplash Logistics can be an exhausting field, yet even experienced professionals may face unexpected delays, inefficiencies, and miscommunications that arise seemingly out of nowhere. But these challenges don't have to spell doom. With innovative strategies, creativity, and dedication to continuous improvement you can turn these nightmares into smooth operations that pr
QatarEnergy bumps up orders for massive LNG carriers Middle Eastern liquefied natural gas (LNG) producer QatarEnergy has signed a contract with China State Shipbuilding Corporation (CSSC) for the construction of six additional supersize LNG carriers. The Doha-headquartered state-owned company's massive shipbuilding program has been bolstered with the so-called QC-Max units with a capacity of 271,000 cu m, bringing the total number of such ...
Höegh Autoliners sells off another ageing vessel as fleet renewal presses ahead Norway's Höegh Autoliners has continued to offload ageing tonnage in a new deal, which will see a 19-year-old vessel exit the fleet as the company readies the field for its newbuilding series to enter service. The Oslo-based company is shipping out the 2005-built Höegh New York to an undisclosed buyer for $60.6m. The 6,500 ceu ...
Massachusetts and Rhode Island procure almost 2.9GW of offshore wind US states of Massachusetts and Rhode Island have awarded contracts to three projects and procured 2,878MW of offshore wind capacity. Massachusetts has selected a total of 2,678MW - 1,087MW of the 1,287MW available from Ocean Wind's SouthCoast Wind multistate project, 791MW from Avangrid's New England Wind 1 project, and up to 800MW from CIP and Iberdrola's ...
Integrated Wind Solutions ups stake in PEAK Wind Awilco affiliate Integrated Wind Solutions (IWS) has exercised the fixed-price option to increase its ownership in Denmark-based offshore wind operations and asset management advisory PEAK Wind. Initially, IWS bought a 30% ownership in the company in September 2021 for DKK90m ($13.3m). IWS also got two out of five seats on the board of directors. IWS ...
MSC comes to the aid of ONE, HMM and Yang Ming THE Alliance will become the Premier Alliance from next February, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and the world's largest containerline helping plug gaps on Asia-Europe tradelanes. From next year there is set to be the biggest overhaul in liner alliances in a decade, with Mediterranean Shipping Co ...
Fujian Shipping signs for kamsarmax newbuilds Fujian Shipping Group is renewing its dry bulk fleet with a fresh order for up to four kamsarmaxes at fellow builder Haitong Offshore Engineering. Details surrounding the vessels delivering in October 2026 and March 2027 have not been divulged but a price tag of CNY292.7m ($41.2m), according to Clarksons, appears considerably higher than $37.5m what ...
Scorpio's MR fleet clear-out gathers pace Emanuele Lauro-led Scorpio Tankers has shipped out twelve Korean-built MR vessels this year, eying the half-a-billion mark in sales in the 50,000 dwt segment before the year ends. Last week, the Monaco-headquartered outfit revealed it had struck a deal to sell two 2014-built 50,000 dwt scrubber-fitted ships, STI San Antonio and STI Texas City, at ...
Aerio Shipmanagement plays with MR fleet Athanasios Kossidas-led Aerio Shipmanagement is tied to its fourth MR purchase in three months. Over the weekend, broking sources reported the active owner to the acquisition of the 2014-built Tenacity, built at Guangzhou CSSC Longxue Shipbuilding, a rare Chinese-built sale, as most sales in this age group are built in South Korea. The ship was ...
Methanex acquires Dutch methanol provider The choice of shipping's methanol fuel provider is contracting with news yesterday that Canada's Methanex Corporation is spending $2.05bn to acquire OCI Global's international methanol business. The transaction includes OCI's interest in two methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing busi
Explosion rips through Bangladeshi demo yard A 38-year-old man, Ahmad Ullah, who suffered injuries in an explosion and subsequent fire at the SN Corporation shipbreaking yard at Sitakunda in Chattogram, died on Sunday while he was being taken to Dhaka for better treatment. On Saturday, at least 12 people suffered burn injuries in an explosion involving an old product tanker that ...
Transmed founder and Cypriot shipping champion Charalambos Mylonas passes away Charalambos Mylonas, founder of Transmed Shipping, passed away on Saturday. Mylonas was instrumental in the founding of the Cyprus Union of Shipowners in 1981, which he served as chairman for over two decades. Mylonas was described by the shipping deputy ministry as a "pioneer" of Cypriot shipping. Announcing his death, the shipping deputy ministry said ...
US imports still booming - and on collision course with possible port strike The International Longshoremen's Association has perfect timing for its October 1 strike threat. Not only is the potential work stoppage...
Star Bulk sells its oldest bulker for $20m in hot secondhand capesize market Nasdaq-listed Star Bulk Carriers announces sale of 2004-built capesize for $20m amid strong asset prices for bulkers. Data from shipbroker...
MSC chief Soren Toft: 'We have the scale and strength to stand alone' MSC's standalone network is a show strength to the market, says chief executive Soren Toft as the world's largest container...
ILA chiefs rebut claims of 'industry leading' wages after delegates back strike plan USMX and ILA exchange more barbs as clock ticks on current labour contract
Royal Fleet Auxiliary staff to strike on six days in September The ongoing dispute is largely centred around pay, with Nautilus director of organising Martyn Gray calling RFA staff 'undervalued by...
China, Russia ships get free pass from Houthis to transit Red Sea Greece-owned ships that comprise 17% of the global fleet accounted for more than 30% of vessels attacked by drones, missiles...
Indian ship recyclers hammered by cheap steel, depreciation and ship shortage A surge in imported finished and recycled steel, together with a lack of ships being circulated for scrap, means that...
High Court holds Ukraine grain terminal operators in contempt GNT Group facilities widely used by bulk carriers calling in the country
Peak season shortchanged as container rate decline continues A Sea-Intelligence analysis shows peak season freight rates on Asia-Europe and transpacific trades peaked earlier than usual this year. Rates...
The week in charts: Shipment from Sevastopol reaches Egypt | Claims frequency and costs both up | Libyan oil exports frozen Russia is adding more countries to its list of trading partners willing to accept cargo from occupied territories, big claims...
Metric switch could address main CII flaws, RINA argues The IMO could address CII's flaws by adopting a different metric to consider main engine propulsion and capacity utilisation
Shipowner Charalambos Mylonas dies at 84 Important industry positions included serving as president of the Cyprus Union of Shipowners and chairman of ClassNK's Greek committee
CMB faces potential payout over Euronav deal after court ruling CMB may have to pay shareholders an additional sum if the Belgium Financial Regulator takes action, but they argue that the...
The week in newbuildings: HD Hyundai Mipo wins multiple orders South Korea's HD Hyundai Mipo wins orders for two LPG tankers, a pair of LNG bunkering vessels and two product...
Claims frequency and costs both up, Nordic statistics show Big claims catching up after a run of benign years
Explosion at Bangladesh shipbreaking yard kills safety manager Bangladesh's Ministry of Industry and Department of Environment suspended operations at the yard and demanded an explanation from SN Corporation
Methanex to buy OCI Global's methanol business Canada-based methanol supplier Methanex agreed to buy one of its main competitors in a sign of consolidation in the market...
Shanghai Jinjiang Shipping's chairperson resigns for 'work-related reasons' She will retain her position at the company until a new chairperson assumes office
MSC sets out solo offer as alliances reconfigure In addition to its massive fleet, MSC has also secured access to extra capacity on the Asia-Europe trade through a...
Daily Briefing US sanctions two more LNG carriers in Arctic LNG 2 crackdown | Libyan port of Brega remains open for export...
East Coast spot rates plunge as peak-season imports shift to West Coast Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary shipments to the West Coast to avoid getting caught up in a threatened dockworker strike on the East and Gulf coasts.
Port employers urge ILA to return to contract talks East and Gulf coast maritime employers laid out their terms for signing a new contract with longshore workers, but they warned the 'signal' to strike is clear.
Typhoon Yagi slams Vietnam, southwest China, delaying sailings Winds of more than 120 miles per hour closed ports, damaged factories and brought down power lines in northern Vietnam this weekend, delaying some vessels for days.
MSC strikes Asia-Europe slot share with former THEA members Mediterranean Shipping Co. is wasting no time utilizing its huge scale, striking major slot sharing agreements on the Asia-Europe with new Premiere alliance members.
ONE opens new India, Asia services in response to 'Gemini reality' ONE is adding a second loop connecting West India and the Middle East, as well as three East Asia-Middle East routes as new carrier alliances take shape.
Rails have limited recourse to PNW import surge: analyst Alone among the modes, the railroads are not able to say "no" to the demands of interior point intermodal (IPI), most recently seen in the surge of imports through the US Pacific Northwest and the congestion that followed, writes intermodal analyst Larry Gross.
US container imports poised to surge in September as strike looms over Atlantic ports Latest actual data shows July was a record month for US container ports as retailers brought in goods early
Scorpio Tankers buys back $175m more of its own shares Product giant scoops up a further 2.4m shares as it seeks to close gap to net asset value
Costamare extends drive to sell smaller bulkers with supramax deal US-listed shipowner sells one of its oldest vessels, reportedly to Indonesian buyers
CMB tied to sale of 12-year-old large bulker as values hold onto gains Belgian shipowner reportedly sells newcastlemax two months after offloading its twin
German yards believe in future of European shipbuilding 'If I didn't...I would quit my job!' says VSM leader
Major Greek owner Alpha Bulkers sells its first capesize in four years Shipowner takes advantage of firm asset values and earnings to replace older tonnage with younger
Star Bulk sheds oldest ship, clocking up 23 vessel sales in 18 months US-listed bulker behemoth raises $20m from deal to offload 2004-built capesize
Protection and indemnity premium rises tipped to be lowest for five years Gallagher Specialty 2025 preview of renewals warns of a spike in reinsurance costs
MSC and Zim partner up on transpacific trade Three-year agreement involves slot swaps and vessel-sharing agreements
Sell-off of 'strong buy' Torm's stock overdone in changing tanker market, analyst says Seeking Alpha believes global refinery shifts bode well for Danish product vessel specialist
Frangiskos Kanellakis' Alpha Bulkers sells its first capesize in four years Shipowner takes advantage of firm asset values and earnings to replace older tonnage with younger
QatarEnergy ups supersize LNG carrier orders to 24 with $8bn China deal Doha giant's LNG newbuilding tally now at a staggering 128 vessels - 24 of them QC-Max ships
UK's Royal Fleet Auxiliary officers plan three-day strike as tensions mount Industrial action to coincide with final day of Labour party conference
QatarEnergy ups supersize LNG carrier orders with 18-vessel deal Doha giant's LNG newbuilding tally now at a staggering 128 vessels - 24 of them QC-Max ships
Ship in danger of sinking after collision in Middle East Gulf as crew abandon vessel All seafarers reported safe after evacuation on a life raft
IMO under pressure to finalise greenhouse gas rules Member states face tough meetings schedule if regulator is to hit its targets
VLCCs start seasonal climb as calendar flips to September Rates surge as ships needed for October's refinery reopenings
Royal Fleet Auxiliary officers plan three-day strike as tensions mount Industrial action to coincide with final day of Labour party conference
Regulators face push to get shipping greenhouse gas rules finalised With time running out IMO member states face pressure of tough meeting schedule
Iranian general admits 'hitting' 12 Israeli ships in tit-for-tat actions Revolutionary Guards commander Hossein Salami also claims the West surrendered in vessel-seizure battles
Greek S&P deals turn low-profile Chinese logger into capesize player A little-known outfit that started in the log business is behind a string of bulker buys from top Greek owners
Awilco's IWS spends $10m to boost Peak Wind stake to 49% Oslo-listed shipowner exercises option to increase holding originally bought in 2021
Asian liner giants rebrand east-west alliance tie-up and lock in MSC deal Premier Alliance formed alongside slot-sharing partnership with MSC
Maersk locks in 20-year-old Global Ship Lease vessel amid strong charter demand Danish giant signs three-year deal as liner operators remain eager to lock in tonnage during Red Sea crisis
Asian liner giants rebrand east-went alliance tie-up and lock in MSC deal Premier Alliance formed alongside slot-sharing partnership with MSC
In pictures: Tech experts are 'backbone' of shipping, says BRS chief Chairman and CEO Gilbert Walter throws SMM after-party in recognition of shipping's technical experts
Russia sends elderly non-ice-class LNG carrier through Arctic Vessels driving trackers into frenzied speculation on likely destinations
Eidesvik Offshore CEO Gitte Gard Talmo quits after 22 years with company Norwegian boss leaves to take up new role with 'international company' overseas
Hoegh Autoliners continues fleet refresh following newbuilding delivery Valuations diverge as Norwegian owner grabs more than $60m for veteran ro-ro
John Fredriksen's SFL eyes new bonds to pay off $56m issue due in 2025 Sale-and-leaseback specialist to meet potential investors
Methanex agrees $2.05bn takeover of OCI Global's methanol business Green fuel producer will become part of Canadian giant in huge deal
John Fredriksen and Saverys family exerted 'tremendous pressure' over $2.35bn VLCC fleet sale as Euronav directors 'sidelined' Rebel shareholder FourWorld says court ruling breaks new ground in Belgian law
Court rules Euronav's huge VLCC fleet sale to Frontline included 'special benefits' on ship pricing of $104m Brussels judgment 'largely rejects' rebel shareholder FourWorld's claims of an undervalued mandatory bid by CMB for Euronav, Saverys companies say
Explosion rips through tanker leaving worker dead and others injured in key ship recycling hub Incident again raises questions over safety standards at South Asian nation's recycling facilities
Transmed Shipping founder Charalambos Mylonas dies The company Mylonas co-founded with his wife celebrated its 50th birthday recently
Shipping man Kasselakis toppled from party leadership in Greek palace coup Tiptree Marine founder and ship investor lasted barely a year as Greek opposition chief
Fatalities reported in tanker explosion at Bangladeshi recycling yard Incident again raises questions over safety standards at South Asian nation's recycling facilities
Cyprus shipping stalwart Charalambos Mylonas dies The company Mylonas co-founded with his wife, Transmed Shipping, celebrated its 50th birthday recently
Exmar renews its gas carrier fleet amid firm market conditions Shipowner and infrastructure developer is pursuing floating LNG production and regasification projects
Court rules Euronav's huge VLCC fleet sale to Frontline included 'special benefits' on ship pricing of $48m Brussels judgment 'largely rejects' rebel shareholder FourWorld's claims of an under-valued mandatory bid by CMB for Euronav, Saverys companies say
China-designed vessel would top all containerships China State Shipbuilding Corp. said it has received approval in principle for a liquefied natural gas dual-fuel vessel of 27,500 twenty-foot equivalent units, the largest boxships afloat.
Cargo shipments face delays if Air Canada pilots go on strike Air Canada's failure to reach a collective bargaining agreement with pilots could jeopardize freight customers as soon as Sept. 18.
Qantas adds freighter capacity to meet rising transport demand in Asia Qantas has deployed a new Airbus A321 freighter, allowing it to offer more service options for customers in Oceania and Asia.
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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