VIDEO: Box ship explosion rocks Port of Ningbo One of the world's busiest ports, China's Port of Ningbo was has been rocked by a massive explosion that sent a huge fire ball into the air. The Chinese Government run Global
Echandia batteries will power San Francisco Bay Ferry's REEF ferries Swedish maritime battery system specialist Echandia has been selected to supply the battery systems for San Francisco Bay Ferry's Rapid Electric Emission Free (REEF) Ferry program. This project marks a significant step
Ship registries launch RISC: A new tool to strengthen maritime compliance Leading ship registries - including the world's largest, the Liberian International Ship & Corporate Registry (LISCR) - have launched the Registry Information Sharing Compact (RISC) database. The initiative, created as a sovereign
YM vessel explosion at Ningbo-Zhoushan port raises serious safety concerns A major explosion has occurred on a Yang Ming boxship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. "This type of incident should never happen and is another example of how one failure in ocean container shipping can have catastrophic consequences," says Peter Sand, Xenetal chief analyst. Sand pointed out that if this explosion had
MSC enhances Asia-Middle East trade network MSC has launched a new standalone service, Clanga, reinforcing its ongoing commitment to providing an extensive network of direct port pair connectivity to address the challenges of port congestion in the Middle East. This new service is expected to offer competitive transit times for cargo between Asia and the Middle East, enhancing trade connectivity between China, Singapore and Saudi Arabia. M
Liberian Registry launches RISC platform Alfonso Castillero, CEO of the Liberian International Ship & Corporate Registry (LISCR), the world's largest ship registry, delivered the opening remarks at the launch of the Registry Information Sharing Compact (RISC) database. This innovative platform, developed through a sovereign decision by Member States and reputable flag administrations, is designed to keep flag registries informed and upd
Houthis strike feeder boxship and tanker One of Greek ship owner Contships Management's container ships was hit by Houthi missiles on 8 August, along with a Suezmax oil tanker owned by Delta Tankers. Houthi spokesperson Yahya Saree said that the Iran-backed Yemeni rebels successfully struck the 2007-built, 1,080 TEU Contship Ono with missiles and drones, while the ship was underway in the Red Sea. S&P Global's vessel-tracking data shows
Container explodes on Yang Ming ship in Ningbo One of Yang Ming Marine Transport's ships suffered an explosion today (9 August), while berthed in Ningbo, China. Video footage taken by office workers in a nearby office building shows smoke billowing from the ship. The Ningbo Maritime Search and Rescue Centre said the 6,589 TEU YM Mobility was berthed in Ningbo's Beilun terminal and was carrying hazardous goods. None of the crew on the 2011-bui
COSCO SHIPPING builds smart, integrated global ecosystem COSCO is integrating cutting-edge technologies like the Internet of Things (IoT) to drive the high-quality development of industrial and supply chains. The firm's IoT technology was initially deployed in reefer containers, which demand precise temperature and time management. By incorporating the Smart Solution IBOX REEFER, traditional reefer containers are now equipped with smart features, inclu
Maersk applies PSS from North Europe to West Coast South America, Caribbean and Central America Maersk is introducing the Peak Season Surcharge (PSS) for all dry containers from North European Countries to West Coast South America, Caribbean & Central America (excluding Mexico) destinations. The effective date is 12th July 24 for all destination countries except Colombia & Puerto Rico, where PSS will be effective from 27 July. Origin Destination Container type Currency New tariff levels Cha
US container shipping braces for headwinds as peak season approaches The US container shipping sector is cautiously approaching the peak season, with the upcoming US elections and labour negotiations poised to bring their own set of implications for the container logistics industry, as indicated in the August Container Market Forecaster by Container xChange. The sector has already been witnessing its own set of challenges like overestimation of demand, pulling for
Monthly import cargo at US ports continues peak season surge Monthly inbound cargo volume at the US major container ports could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. "Retailers are concerned by the possibility of a strike at ports on the East a
Navigator invests in US ammonia project Handysize gas carrier owner and operator Navigator Holding is investing in clean ammonia developer Ten08 focused on an industrial scale, hybrid blue-and-green ammonia production facility on the Gulf coast of Texas. Ten08 aims to produce ultra-low carbon ammonia to cover the needs of power, shipping, fertilizer, and chemicals industries. The first phase expected to kickstart ...
New ship repair yard opens in China A new Chinese ship repair yard was officially opened this week, capable of handling 120 ships a year, further adding to the nation's dominance in the repair segment. The new yard is a joint venture between Shanghai COSCO Shipping Heavy Industry and Jiangsu Watts Energy & Engineering, located in Qidong, some 50 km north of ...
Sinokor places four tankers in Scorpio MR pool South Korea's Sinokor Merchant Marine has placed four of its MR tankers into Scorpio Group's pool. Monaco-headquartered Scorpio did not reveal the names of the tankers but said that the move is expected to create synergies within the MR segment, aligning with the company's goal to consolidate high-quality tonnage in this market. Sinokor is listed ...
Northern Ocean bags semisub extension from TotalEnergies John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, has won an extension for one of its semisub rigs in West Africa. The extension was awarded by a subsidiary of French energy major TotalEnergies to the 2018-built Deepsea Mira. The firm term of the contract is extended from October 2024 for one well ...
Indonesian owners back in buying mode Indonesian owners are back in the secondhand market having been quiet for most of the year. VesselsValue registers six Indonesian bulker purchases so far this year, a significant decrease since last year when Indonesian owners picked up 31 ships in total. This week, Gurita Lintas Samudera is tied to its fifth purchase in a year with ...
Delta suezmax attacked four times in 24 hours by the Houthis Delta Blue, a suezmax belonging to Greece's Delta Tankers, has been attacked four times in the space of 24 hours by the Houthis. While the Houthis have targeted more than 120 ships in their 10-month campaign in solidarity with Palestinians, the targeting of the Delta Blue stands out for the repeated attempts and the use ...
Halliburton pens intervention and P&A deal with Petrobras Houston-headquartered energy service giant Halliburton has been awarded a contract by Brazilian state-owned oil and gas major Petrobras to provide a full range of services in Brazil for integrated well interventions and plug and abandonment for offshore wells. Under the agreement's terms, Halliburton will provide fluids, completion equipment, wireline, slickline, flowback services, and coiled tub
China's Changhong International enters megamax construction with MSC orders Container shipping has another yard it can contract for megamax construction. As it unfurls its next wave of newbuild expansion, Mediterranean Shipping Co (MSC) has tapped Zhoushan Changhong International Shipyard in China to build twelve 19,000 teu LNG dual-fuel containerships, the first time this yard has won orders for this size category, the yard confirmed ...
UAE bans Eswatini-flagged ships from entering the country The United Arab Emirates has banned Eswatini-flagged ships from entering the country, having banned Cameroon-registered ships earlier in the year. The Eswatini flag have been involved in the growing, so-called shadow or dark fleets transporting sanctioned oil. Eswatini, the landlocked southern African kingdom formerly known as Swaziland, has been in and out of the ...
Strengthening resilience at sea Dr Linda Sorensen, co-founder of Bigyellowfish, says mental health issues risk undermining the sustainability of the maritime sector. Seafarers often must perform in high-pressure environments given the unpredictable conditions of working at sea. Inclement weather, time pressures and long working hours are just some of the common difficulties of life onboard. In recent times, decarbonisation ...
Pay greener ships and poorest states from carbon levy funds, Pacific states tell IMO Pacific states have seized on recent IMO evidence backing their plan for a $150 per tonne carbon levy and simple...
Seaspan pens newbuilding contracts for 27 containerships Seaspan shareholder Atlas Corp has disclosed newbuilding contracts for containerships of varying sizes with most tied to long-term charter contracts...
After Eagle Bulk merger Star Bulk's 'ideal' next partner should have capes Greek owner may want to draw breath after 'exhausting' effort to buy back Oaktree shares last year
Marine insurers in London must come clean on Ceres I dark fleet disaster Lloyd's-backed insurers have failed to answer questions over whether they provided cover for a 25-year-old, hit-and-run tanker, a dark fleet...
Maersk's bunker consumption hits six-year high Maersk's total bunker bill reached $1.85bn in the second quarter of 2024, 28% higher year on year
UAE bans Eswatini-flagged ships from its ports At least two Eswatini-flagged ships were still signalling their position via AIS at the Khor Fakkan anchorage on August 9, despite...
Okeanis keeps payout firm despite profit dip Oslo- and New York-listed tanker owner is backed by Greece's Alafouzos shipping family
Chamber of Shipping remains 'powerhouse', Hatcher insists Security now bigger concern for merchant vessels than in recent decades, says former Royal Navy man once part of Gulf...
Shipmanagers look to address alternative fuel skills gap Columbia and Bernard Schulte have been investing in training for seafarers to be employed on the growing fleet of LNG...
London Club to develop green hydrogen insurance products International Group affiliate pledges to extend engagement around green shipping
Bulk carrier asset prices continue to rise as sellers hold the upper hand Robust freight rates have translated into healthy profits for owners, reducing their incentive to sell vessels unless they get their...
Navigator Gas invests in US Gulf clean ammonia developer New York-listed handysize gas carrier specialist Navigator Gas announced an investment in a clean ammonia developer Ten08 Energy alongside lead...
UPDATE: Greek tanker attacked with RPG near Bab el Mandeb A Greek-owned tanker sailing through the Bab el Mandeb strait reported being attacked by an RPG launched from a small...
Huge explosion on Yang Ming boxship at Ningbo Videos online show the massive blast after hazardous material caught fire on the 2011-built YM Mobility
The Lloyd's List Podcast: Can navies protect shipping? In this week's edition of the Lloyd's List podcast, security experts join maritime risk analyst Bridget Diakun to ask whether...
Daily Briefing Ukraine callers buck advice to sail through Nato territorial waters | Chamber of Shipping set for dialogue with new UK...
MSC adds 12 more 19,000 teu LNG-powered ships at China's Zhoushan Changhong Latest newbuilding contract will help the Aponte family-controlled line further cement its position as the world's largest container carrier
CIRB ruling means Canadian rail strike could happen on Aug. 22 A potential strike by Canada's two railroads, while an "inconvenience," would not pose an "immediate and serious danger" to the public, the Canadian Industrial Relations Board ruled Friday.
Ningbo explosion closes port, adds to worsening Asian bottlenecks The closure of one of China's busiest container ports will add to the lengthening vessel delays being seen on the main Asian export trade lanes, while North Europe grapples with its own congestion woes on the other end.
Logtech investment slump signals pivot from disruption to enablement Despite the nearly $140 billion invested in logistics startups globally from 2012 through 2023, most of the industry's major inefficiencies remain and the underlying structure of the industry has hardly changed.
Ocean carriers need skillful capacity control to navigate coming rate decline When the tide turns, liners will need to show agility to avoid going from mega-profits to red ink, writes Jeremy Masters.
Walmart offering China sellers ocean, customs pathway to US buyers The retail giant will enable sellers using its US fulfillment services to access its negotiated ocean rates for full containers from Yantian, Shanghai and Ningbo.
US charges trio for smuggling weapons used in Houthi attacks on shipping Two Iranians and a Pakistani citizen charged after deadly raid on dhow
Quiet market pulls VLGC rates to six-month low as futures point to brighter days ahead Atlantic rates remain 'resolute' but are not enough to prevent the fall
Momentum for natural gas-powered ships puts bio-LNG in focus One ship powered by bio-LNG can help 30 others meet FuelEU Maritime standards
Buy International Seaways stock, says Clarksons as shares slip into discount zone Analysts argue the gap to net asset value could soon be closed again as markets improve
Healthy tanker and bulker markets will allow Euronav to fund huge orderbook, Clarksons says Analysts see no problems ahead as Saverys company continues to expand the fleet
Santos Brasil's profit soars as container terminal volumes rise Second-quarter revenue for containers and general cargo business up by almost 50% from a year earlier
Pangaea Logistics gets 'hunting license' in $50m loan from DNB Rhode Island niche-trade bulker operator is content on tonnage for now but always looking
Wes Edens' New Fortress Energy sees profit plummet as delayed project takes $150m bite First partial cargo now underway in Mexico as delay costs company
Evangelos Marinakis hands management of offshore vessels to Borealis Maritime venture Norwegian based company is taking over running of two PSVs the Greek owner bought from Standard Supply
Okeanis Eco cleans up VLCCs to carry diesel in 'LR4' spot trades US-listed company says conversion helped it earn above-market earnings
Wavelength podcast: Leif Hoegh and Norden on investments and Maersk's methanol pivot Norwegian shipowner opens up on the decisions that led to 12 PCC's being delivered in the next three years
Castor Maritime cash pile swells as owner eyes fleet expansion Cypriot company also logs improvement in profit for second quarter
Nova Marine snaps up three modern bulkers after selling older quartet Swiss bulker player reveals extensive reshuffle of its fleet portfolio in burst of S&P activity
Seaspan orders 27 container ships in major multi-billion return to newbuilding arena Canadian tonnage provider says vessels range in size up to 17,000 teu
Potent principles withstand greenwashing: Why ESG remains mission-critical for shipping Despite falling out of fashion in the US, environmental, social and governance principles remain strong in Europe and continue to shape maritime, says Gina Panayiotou
Nicholas Inglessis venture Alberta feasts on $150m Cobelfret bulker sales drive Greek company is believed to have spent close to $60m on latest fleet expansion
AP Moller-Maersk stock upgraded following 20% slump in share price Danish container line's stock gets the nod from bullish stock-watchers
Historic British firm Graig Shipping to wind down operations after 105 years Cardiff stalwart exited shipowning in 2019 and has been focusing on selling its Diamond bulker design since
Alexander Saverys says lights are green on crude tanker demand with peak oil some years off Shipowner and transition advocate believes 10% of VLCC fleet could be lost if veteran vessels scrapped
UAE drops hammer on Eswatini vessels amid questions around new ship registry Ban follows April warning about the landlocked African country's registry and its connection to the dark fleet
Video: Huge explosion hits Yang Ming container ship in Chinese port Dramatic footage goes viral of blast that was felt a kilometre away
Potent principles withstand greenwashing: Why ESG remains mission-critical for shipping Despite falling out of fashion in the US, environmental, social and governance principles remain strong in Europe and continue to shape maritime, says Gina Panayiotou
Genoa Sea Brokers launches new London dry bulk venture as it hits the gas on growth Italian brokerage poaches seasoned old-hand for new shop in London
'Cash machine': George Youroukos-linked Global Ship Lease set to pile up profit backed by fresh deals Analysts expect boxship owner to reap rewards of increased charter coverage in favourable market
Israel sanctions: American Club explains blacklisted tanker's path onto its books US insurer responds to designation of ship by Israeli authorities last week
Greek tanker faces 24-hour onslaught as Houthis target ship with grenades, missiles and drones Laden Delta Tankers suezmax has suffered at least four attacks over a period of several hours
Sea Cargo Charter signs up mining and metals company South32 Australian outfit brings decarbonisation reporting framework to 20% of bulk commodities trades
'This was no gamble': Leif Hoegh opens up huge Covid-era car carrier newbuilding play Hoegh Autoliners chairman reflects on pandemic-era transactions that reshaped the company
'Generous and down to earth' Norwegian shipowner Kristian Eidesvik dies aged 78 His bulker company Wilson pays tribute to a supportive guiding figure
Ship guards destroy incoming drone as Houthis repeatedly attack Greek tanker Yemeni rebel group makes first use of RPG and fires missile and sea drone at laden Delta Tankers suezmax
Ship 'hit' by Houthis and sea drone destroyed by guards as attacks ramp up Incidents are the second and third in 24 hours in the region
Summer months turn up heat on rates as Hoegh Autoliners sets records Norwegian owner earned more than $100 per cbm on a gross basis in July
HD KSOE order haul tops $16.5bn with latest LPG carrier deal at HD Hyundai Mipo Group achieve its annual newbuilding target early
Gianluigi Aponte newbuilding grab tops $5bn in a week as yards find capacity to meet appetite Yard forced to convert ship repair facility to meet rapidly growing orderbook
Okeanis Eco Tankers profit slows down on weaker earnings Alafouzos family-controlled firm maintains dividend steady
Magma Aviation establishes Middle East freighter base, names CEO Magma Aviation, which charters aircraft under management control, has begun Middle East operations with two narrowbody cargo jets sourced from its parent company.
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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