Wallenius Wilhelmsen goes more and bigger on giant Shapers The International Energy Agency is predicting that global EV sales will grow twelve-fold by 2035 under stated policies and car carrier operators have been ordering more and ever larger ships in response.
NorthStar and MARS team to dismantle defueled ex-Enterprise in Mobile Two companies have teamed up to compete for a Navy contract to dismantle the former USS Enterprise (now known as the ex-Enterprise), the world's first nuclear-powered aircraft carrier. NorthStar Maritime Dismantlement Services,
Bollinger delivers FRC 58: USCGC John Witherspoon Bollinger Shipyards yesterday announced the delivery of the U.S. Coast Guard Cutter (USCGC) John Witherspoon at Coast Guard Sector Key West. This is the 58th Fast Response Cutter (FRC) delivered under the
Weekly Stock Performance of Container Shipping Companies The past week saw mixed performance across major container shipping companies, reflecting diverse market conditions, investor sentiments, and regional economic influences. Many companies experienced notable volatility, likely driven by fluctuating demand expectations, cost pressures, or recent financial disclosures. While some stocks displayed gradual upward trends, signaling investor confidence
Vietnam tries to capitalize on US-China trade tensions Vietnam has emerged as one of the main beneficiaries in Southeast Asia from the ongoing trade tensions between the world's two largest economies, the United States and China. 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 .
IMO to champion net-zero shipping framework at COP 29 Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez will lead the IMO delegation at COP 29, the annual UN Climate Change Conference, which will be held in Baku, Azerbaijan, from 11 to 22 November 2024. The 29th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will gather world leaders and around 40,000 delegates from govern
Wilson Sons cuts GHG emissions by 55% at Santa Clara Container Terminal Wilson Sons announced a significant 55% reduction in greenhouse gas (GHG) emissions from cargo operations at the Santa Clara Container Terminal in Rio Grande do Sul. The company developed a new calculation methodology, based on the Brazilian Greenhouse Gas Program and validated by SGS, an inspection, verification, testing, and certification firm. Using this method, Wilson Sons assessed GHG emissi
Maersk decides boxship upsizing during retrofitting 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 .
Iraq takes control of five berths at major port The Iraqi government officially took control of five berths at the Al-Faw Grand Port in southern Basra province, previously managed by the South Korean company Daewoo. The handover ceremony was led by Iraqi Prime Minister Mohammed Shia' al-Sudani. "The project will transform Iraq from a country dependent on the ports of others to a maritime state," al-Sudani said, stressing the port "has effectiv
MSC reintroduces Port Everglades to two shipping routes MSC has changed the port rotation of two of its services, reintroducing Port Everglades as a weekly call starting this month. MSC's revamped EMUSA service, connecting the Mediterranean to the United States, will now include Port Everglades on a set weekly schedule. Additionally, Port Everglades will be the sole Florida stop for MSC's US to South America East Coast (SAEC) service, with MSC Cadiz s
Port of London Authority reappoints two senior board members The Secretary of State for Transport has confirmed the reappointments of Jonson Cox CBE as Non-Executive Chair and Admiral Sir Philip Jones GCB DL as Non-Executive Director to the Board of the Port of London Authority (PLA). Both will begin their second terms on 4 April 2025, extending their service for an additional three years. "I am delighted to be reappointed as Non-Executive Chair of the Boa
Mexican terminal celebrates historic arrival of MSC vessel Terminal Marítima Mazatlán (TMAZ) marked a new milestone this November by welcoming the MSC Bern V, the longest container ship ever to dock at the Mexican port. Built in 2008, MSC Bern measures 261 meters in length and 32 meters in width and its cargo included timber, chickpeas, tires, toys, and fishmeal. "Together with MSC and Captain Dmitry Sergeyev, we celebrate this call. The operation involv
How to Save Money on International Shopping with sales promotions Possible problems of international shipping, and how to mitigate. Shopping abroad can be an exciting way to access unique items that are not available in the country, but shipping costs are often a significant obstacle. When ship internationally, it is not uncommon for shipping costs or unforeseen expenses to make the overall price significantly higher than anticipated. Various factors such as cu
Global shipping costs surge with key ports showing signs of adaptability In the first half of 2024, global shipping costs experienced a significant surge, influenced by a mix of operational and geopolitical challenges. These included disruptions in crucial maritime corridors such as the Red Sea, Suez Canal, and Panama Canal, alongside extended shipping routes and increased costs for fuel and insurance. These elements combined to exacerbate freight rate volatility. Thi
Golden Age: Container shipping's post-Covid boom continues Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023 according to a new report by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical. The report, titled 'Golden Age: Container shipping's post-covid boom continues', states that in addition
Chittagong port sees 13% fall in export container handling Handling of outbound containers at Chittagong port fell by 13% in October, compared to September, in a month that both the transport drivers and garment workers enforced repeated strikes. Data shows that in October, the prime seaport of Bangladesh handled 66,932 TEU of export containers compared to 75,603 TEU in the previous month. During the just concluded month, the Chittagong-based prime mover
ZIM expands global smart container rollout with Hoopo's advanced tracking ZIM announced that it is expediting the global rollout of smart containers, enhancing supply chain transparency and visibility with Hoopo's advanced hoopoSense Solar trackers. With rising demand for accurate, real-time supply chain visibility, ZIM's smart container solution offers customers precise data, ensuring reliable tracking throughout the shipment process, including the inland journey. Thi
CMA CGM applies congestion surcharge in Nicaragua and El Salvador French ocean carrier CMA CGM informed its customers about the implementation of a Port Congestion Surcharge (PCS) in response to the current conditions in Nicaragua and El Salvador. Starting on 1 December and until further notice, a surcharge of US$1,000 per container will apply to all cargo types originating from any location and destined for Nicaragua and El Salvador. Additionally, a Peak Seaso
Wallenius Wilhelmsen appoints new CFO Norwegian car carrier operator Wallenius Wilhelmsen has announced the appointment of Bjørnar Bukholm as the new Executive Vice President (EVP) and Chief Financial Officer (CFO). Bukholm will take over his duties no later than 1 May 2025. "We are very excited to have Bjørnar back in Wallenius Wilhelmsen. Bjørnar knows our company and industry well, has a proven track record as CFO and brings wide
Charleston's maritime community launches toy drive to fill a shipping container for SC foster children For the third year in a row, South Carolina Ports (SC Ports), the International Longshoremen's Association, Coalition 18, and the Maritime Association of South Carolina are joining forces to fulfill holiday wish lists for foster children across South Carolina. This year's Maritime Toy Drive calls on local businesses, partners, and Charleston residents to help fill a 40-foot ONE shipping container
New Scandinavian dry bulk player launched Denmark's Baltic Shipping and Risør Shipping of Norway have joined forces to launch a new dry bulk shipping player. Baltic Bulk has been officially introduced this week as a new dry cargo operator, freight trader and commercial manager specialising in the handysize and supramax market, but, how the company describes, an end-to-end approach where it ...
Wallenius Wilhelmsen signs up for more world's largest car carriers Norwegian car carrier operator Wallenius Wilhelmsen has upped the ante on the world's largest ever ships on order in the sector with options exercised for two more 11,700 ceu newbuilds and plans to boost capacity on another two currently in its 12-strong orderbook. The Oslo-listed company has lifted two of its four options held at ...
ExxonMobil acquires FPSO Prosperity from SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Prosperity from Dutch floater expert SBM Offshore. The completion was done before the maximum lease term, which would have expired in November 2025. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and ...
Boxship orders grow by over 50%, as deliveries set record highs The post-pandemic boxship boom has become even more prevalent in 2024. The year could be a record-breaking one in terms of new vessels entering the market with orders massively rising when compared to the same period in 2023. According to a new report by VesselsValue, the data intelligence arm of maritime data solutions provider Veson ...
Fujian Guohang goes green with dual-fuel methanol switch on kamsarmax newbuilds Chinese bulker owner and operator Fujian Guohang Ocean Shipping is stepping up its green agenda by switching its kamsarmax newbuilds at compatriot Wuhu Shipyard to methanol dual-fuel. The Beijing Stock Exchange-listed company, which recently declared options on four more methanol-ready 89,000 dwt ships bringing its orderbook at the yard to eight, has amended the deal ...
CMB.TECH's Bochem seals seven-year deal for chemical tanker newbuild CMB.TECH has revealed in its financial results that its chemical tanker arm Bochem has secured a long-term charter for one of its newbuilds. The 26,000 dwt chemical tanker, set to be delivered in October 2025, was hired by Chilean operator Ultratank on a long-term, seven-year charter. According to the Alexander Saverys-led company, the vessel will be ...
Huanghai Shipbuilding bags deal for battery hybrid bulkers Huanghai Shipbuilding in northeast China has secured a newbuilding deal for battery hybrid bulk carriers. The yard in Weihai has penned a contract with Jiada New Energy Ship Technology for ten 9,050 dwt ships that will feature a pair of diesel generators and eight containerised lithium battery sets, allowing them to cover about 180 nautical ...
Search underway off Australia for missing bulker crewmember Australian agencies are conducting a search south of Newcastle in New South Wales for a crewman missing from the 95,522 dwt bulk carrier Double Delight. The Police Marine Area Command dispatched two Marine Rescue NSW vessels to look for the missing crew member at 12 pm local time. A Westpac rescue helicopter and a Defence ...
Port strike threat and tariff fears are already boosting US imports The National Retail Federation has hiked its US import outlook for 4Q24, citing evidence that businesses are bringing in cargo...
Daily Briefing Trump vs the dark fleet: can the US choke off Iran's oil exports? | Shipping execs weigh in on Trump...
CMA CGM reports 38.5% rise in revenues as shippers shift from China The world's third-largest operator of containerships said it benefited from an early peak season with volumes carried on major shipping...
Trump vs the dark fleet: can the US choke off Iran's oil exports? Trump is expected to restore his 'maximum pressure' campaign on Iran and aggressively go after its oil exports. Analysts diverge...
Capital Clean Energy Carriers shrugs off fall in LNG rates First charter expiry for LNG carrier fleet not expected before 2026
Asia-Europe container rates still rising as transpacific prices plateau Shipping lines have done a fine job of bolstering Asia-Europe spot rates to coincide with negotiations on 2025 annual contracts...
Dip in September box volumes hints at market stabilisation Disruption from the Red Sea crisis, the US pre-election cargo rush and the near miss of US East and Gulf...
Trump 2.0 will be bad for shipping There was no reason to believe America's heartland would give the fortunes of our industry a second thought last Tuesday...
Royal Fleet Auxiliary staff vote overwhelmingly to extend strike action Trade union Nautilus said wages for Royal Fleet Auxiliary have shrunk by 30% in real terms with inflation and claimed...
West of England goes for renewal round rate hike Mutual also reaches decision on FD&D
ECOsubsea debuts faster hull cleaning robot Norwegian tech firm ECOsubsea has launched a next-generation hull cleaning robot, saying it cleans 10 times faster than conventional methods...
Transfer of oil from 'Sounion' gets underway off Suez Owner said to be planning to repair suezmax tanker set ablaze by Houthis more than two months ago
Newbuild boom pushes Yangzijiang order wins to nearly $12bn Singapore-listed shipbuilder secured newbuilding orders amounting to $11.6bn, significantly surpassing the $4.5bn target for 2024
What can shipping expect from COP29? Don't expect high-level statements and shipping-specific headlines from COP next week - we are now into the weeds of policy...
The Daily View: Very much in boo-hoorah territory Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Optimistic d'Amico chief eyes increased shareholder returns In an interview with Lloyd's List, d'Amico International Shipping chief executive Carlos Balestra di Mottola explained what he expects from...
MPV stability underscored by steady cargo demand Minimal movements in industry indices underline a constant demand for MPVs with capacity artificially reduced by Red Sea diversions.
CMA CGM profits soar on higher pricing, early peak seasons CMA CGM's group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers.
Second Trump term fears blow through breakbulk sector A second Trump term could benefit US oil projects, but offshore wind is under threat as an early casualty of the new administration.
US retailers ramping up year-end imports ahead of strike, tariff threats US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump's election to a second term.
BC, Montreal ports look for federal assistance to end longshore impasses Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table.
CMA CGM reinstates Suez transits on India-US route Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.
Large carrier truckload capacity stabilizing alongside rates The Journal of Commerce Truckload Capacity Index indicates large US carriers pulled back on capacity cuts in the third quarter and are planning for expansion and higher rates.
Okeanis poised to pounce on winter volatility after fourth quarter start 'underperforms' expectations New York-listed tanker owner keeps VLCCs in western markets ready for better rates
WFW lawyer believes market is set for commodities bull run in Trump era 'A tariff war against China is not in anyone's interest,' says firm's mining and commodities head
Trump's fondness for fossil fuels could drive US refining capacity, broker says Ifchor Galbraiths speculates policy could renew refining capacity while boosting biofuels
CMA CGM profit surges to $2.7bn as US election and ports strike lead shippers to push up volumes 'Environment roiled by global tension' fuels sustained demand and cuts shipping capacity
Tidewater shares plunge after profit falls short of Wall Street forecasts Shares lose 12.2% in morning trading despite revenue and profit growth
SCI promotes former female junior officer to finance chief Indian state shipowner also reveals bigger profit in its second quarter
Braemar sheds light on shadow fleet tanker deals - stresses 'zero tolerance' Chief executive tells earnings call that transactions were halted as soon as broker became aware of where vessels were trading
Smaller shipbrokers on the menu as Braemar's scale brings more takeovers into play Bosses at London shipbroker say that increased global footprint can influence acquisitions
Capesize spot market brings that Friday feeling as seasonal upswing finally kicks in Upward momentum in the physical market and futures after a mediocre October
Tough times ahead for shipping when 'wave of disruptions' breaks, Danish Ship Finance says Ship financier sees utilisation fall in 2025 as fleet growth will outstrip demand
SSY seeks to close gender gap between East and West Having found a balance in Singapore, the shipbroker is looking to replicate that success worldwide
Trump 2.0: Is the comeback kid about to start a US shipping 'revolution'? Momentum has been building in Congress to revitalise shipping and shipbuilding, Heritage Foundation expert says
Evangelos Marinakis' Clean Energy Carriers says it is shielded from LNG market slump Owner reports profit from continued gas operations as it cuts down its container ship holdings
'Oil champion' Trump could boost tanker exports, d'Amico International boss says Potential peace deal in Ukraine could also bolster European economy, Carlos Balestra di Mottola believes
Hunt on for seafarer missing from bulker off Australia Rescue crews tasked with finding crew member from Sugahara's Double Delight
Saverys' CMB.Tech eyeing asset sales in bid to head off covenant breach, says Clarksons Belgian owner coming close to 30% minimum equity ratio
Gianluigi Aponte and Idan Ofer team up for $370m LNG bunker vessel newbuildings Leading alternative-fuels owners team up to take control of supply chain
Bulkers a bright spot as Great Eastern hit by tanker decline Indian owner says VLGC rates have also dropped significantly from 2023
D'Amico International on the hunt for tanker deals in tougher period market Boss Carlos Balestra di Mottola wants charter coverage to be 40% next year
Associated Shipbroking plants fresh flag in Greece to connect Mediterranean with Asian newbuilding hub Large share of Greek business prompts Monaco shop to find space to meet Hellenic clients at home
Wavelength Podcast: A shipbuilding boom dominated by China Plus, Trump's back and the coincidence that a major shuttle tanker deal was revealed on election day
We want to be in the top three shipbrokers in every market, says SSY boss Stanko Jekov Containers could be next, managing partner tells TradeWinds
Performance Shipping focused on refixing tankers in stronger winter market Greek aframax/LR2 specialist also continues to secure financing for its newbuilding slate
Pool veteran Christos Matarangas makes comeback with new tanker outfit Zafira Shipping & Trading aims to attract investors in both clean and crude carriers
Kjell Inge Rokke splashes $22.5m to buy Mitsui & Co out of offshore shipping venture Norwegian tycoon's Akastor takes 75% stake in well-intervention vessel operation AKOFS Offshore
Fincantieri nets up to $1bn in orders from cruise ship player Crystal Vessel will accommodate 690 passengers
Performance Shipping focused on re-fixing tankers in stronger winter market Greek aframax/LR2 specialist also continuing to secure financing for its newbuilding slate
Risor and Baltic Shipping forge new dry bulk venture with industry veteran at the helm Anders Svarrer will be chief executive of Baltic Bulk
Taylor Maritime Investments boss Ed Buttery awarded shares worth $844,000 Finance chief Yam Lay Tan also given chunk of London-listed bulker owner's stock
Wallenius Wilhelmsen upsizes two newbuildings while extending orderbook Norwegian owner now has eight of the largest car carriers ever on order
Greek shipowner backed by steelmaking family sheds pair of bulkers to Chinese player Chinese firm drawn towards 19-year-old IHI-built tonnage sold by Hellenic buyers
Fire-ravaged Greek tanker begins oil transfer two months after Houthi attack Delta Tankers suezmax offloading Iraqi crude in the port of Suez, Egypt
How a champion Norwegian hammer-thrower is helping shape the world's biggest protection and indemnity club Chief executive Rolf Thore Roppestad on the power of sticking together and the strategy for winning
Okeanis Eco Tankers profit falls to two-year low on weaker VLCC market Alafouzos family-controlled firm cuts its dividend by more than half and nearly finishes its 2024 VLCC drydock schedule
South Korean yards focus on high-value ships and offshore vessels With capacity limited, excess tanker and container ship demand flows to China
Container ship ordering heading for record year as newbuilding contract volumes jump by 52% Veson Nautical says that newbuilding values are also at a record high
HD Hyundai yard shuns capacity expansion amid a strong shipbuilding market Shipbuilding group hesitates to reactivate capacity in case of a market downturn
Lockout looms in Montreal port labor dispute As a strike by longshore workers cripples container handling, Port of Montreal employers plan to lock out union employees.
East Coast port contract talks to resume The United States Maritime Alliance and the International Longshoremen's Association are scheduled to resume bargaining next week on a new master contract covering 45,000 workers at 36 East and Gulf Coast ports.
Tariffs, shifting supply chains take center stage at Houston maritime conference Stakeholders from across the supply chain discussed strategies and opportunities at the third annual Houston International Maritime Conference.
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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