Birdon America selects Schottel solutions for WCC program Spay, Germany-headquartered propulsion specialist Schottel has been chosen by Birdon America to supply key components for the up to 27 U.S. Coast Guard Waterways Commerce Cutters (WCC) for which it is prime
Damen-built Bu Tinah sets Guiness World Record as world's most powerful electric tugboat Demonstrating an average high peak bollard pull of 78.2 tonnes, the Damen RSD-E Tug 2513 Bu Tinah has gained a Guinness World Records title as the world's most powerful electric tugboat. The
Euroseas secures new charter contracts for two boxships Euroseas, a Greek owner and operator of container vessels, has announced new time charter agreements for its 2001-built feeder container ships, EM Corfu and Evridiki G, set to begin upon completion of their current charters in early 2025. EM Corfu will be chartered for a term of 18 to 20 months at a daily gross rate of US$28,000, at the discretion of the charterer. In addition, Evridiki G will be
Iranian Ports Emerge as Chabahar Gains Strategic Edge in Regional Trade Network 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 .
Maersk announces MECL service rotation alterations Danish ocean carrier Maersk has decided to make changes in the MECL service rotation to restore schedule reliability. As of February 2025, we will be serving Port Qasim with a fast and reliable product via Salalah, noted Maersk. As a result, the new MECL rotation will be as follows: Jebel Ali (UAE), Pipavav (India), Nhava Sheva (India), Salalah (Oman), Algeciras (Spain), Newark (US), Charleston (
APM Terminals selects CareGo consortium for Rotterdam's Maasvlakte II expansion APM Terminals has awarded the civil works and electrification contract for the expansion of its Maasvlakte II (MVII) container terminal in Rotterdam, Netherlands, to the CareGo consortium, which includes ABB, Dura Vermeer, and GMB. This expansion spans a 51-hectare container yard, doubling the terminal's capacity and positioning it as one of the world's most advanced fully automated facilities. I
Supply chains in Middle East lose resilience amid geopolitical shifts 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 .
Most Reliable Ocean Carriers in 2024 Since 2019, no single carrier among the top 13 global shipping companies has consistently ranked as the most reliable provider across more than 30% of the trade lanes they serve in any given month, according to Sea-Intelligence analysis. In its GLP report, the Danish maritime data analysis company assessed schedule reliability across 34 global trade lanes and developed a composite score to quanti
Port of Gothenburg surpasses last year's record volumes In the first three quarters of 2024, the Port of Gothenburg handled a record-breaking 685,000 TEUs, surpassing last year's figures by 8,000 units and showing a marginal 1% increase overall, despite a slight drop in the third quarter. Laden container handling rose by 5%, though a significant decrease in empty container movements impacted total container numbers. Re-balancing import/export levels r
Western Australia's main container port to relocate from Fremantle to Kwinana Western Australia is set to move its main container port from Fremantle to Kwinana by 2030, in an A$7 billion (US$4.6 billion) shift. Fremantle processes approximately 800,000 TEUs annually and can handle up to 1.4 million TEUs yearly, but with volumes anticipated to exceed 3 million TEUs over the next 50 years, there are concerns its capacity is inadequate. Its location does not make upgrades fe
European Union funds onshore power for Northern European ports Four Northern European ports are preparing to make significant reductions in emissions from container ships docked at their quaysides. With US$20 million in joint funding from the European Union's "Connecting Europe Facility" for the "EU.OPS.Network" project, the ports of Aarhus, Gothenburg, Bremerhaven and Stockholm will introduce Onshore Power Supply (OPS) for container ships by 2030. In additi
Lekki Port welcomes new COSCO, ONE and ZIM services In a significant boost to Nigeria's maritime industry and international trade, Lekki Port LFTZ Enterprise Limited (LPLEL), Lekki Freeport Terminal, and the Lagos Free Zone have launched new shipping services from COSCO, ONE (Ocean Network Express) and ZIM at Lekki Deep Sea Port. This milestone was marked by the arrival of the E A Centaurus, a 277-meter vessel with a capacity of 7,000 TEUs, which
AD Ports Group surpasses US$1.2 billion in record-high quarterly revenue In the third quarter of 2024, AD Ports Group reported a total revenue of US$1.2 billion, marking a 10% year-over-year (YoY) increase. The record-high revenue was supported by strong performance across all core business clusters. The Group's Ports segment saw a 24% YoY increase, while the Maritime & Shipping division experienced a substantial growth of 96% YoY. Economic Cities & Free Zones grew by
Prodevelop concludes EIFFEL Project Prodevelop recently concluded the EIFFEL project, a Horizon 2020 initiative launched in 2021 to advance climate adaptation and mitigation strategies through artificial intelligence AI and GEOSS (Global Earth Observation System of Systems) data integration. In collaboration with the Balearic Islands Port Authority (BPA) and the Universitat Politècnica de València (UPV), Prodevelop developed an AI-
Why nuclear propulsion will be better Andrew Craig-Bennett looks at the hurdles shipping faces in order to embrace what he sees as a vital form of power in the years ahead. Let's suppose that we were to have nuclear ships, in, say, 10 of 15 years' time - how could they be owned, operated, managed and crewed? Some ships can ...
Bassadone's HTM boosts tanker newbuild tally Hercules Tanker Management (HTM) has moved to further bolster and renew its fleet with up to 10 new vessels. The John Bassadone-led outfit has returned to Jiangmen Hangtong Shipyard in China for six firm and four optional 7,700 dwt IMO II chemical tanker newbuilds after contracting four 'ultra-spec' sister ships at the yard earlier this ...
DOF wins IMR vessel deal in APAC region Norwegian offshore vessel owner DOF has won a contract award for an IMR vessel and associated subsea services in the Asia-Pacific region. The contract will utilise one of DOF's project vessels in the region and includes project management, engineering, logistics support, and all related subsea activities. The company stated that offshore services were expected to ...
Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly earnings report it had received a redelivery notice on the Flex Constellation, which ...
Gigantic emissions control area proposed The International Maritime Organization (IMO) looks set to debate the creation of a giant new emissions control area (ECA) when the Marine Environment Protection Committee (MEPC) meets next year. A new study published by the International Council on Clean Transportation (ICCT) today claims that up to 4,300 premature deaths can be avoided by the creation ...
Bureau Veritas expands energy and renewables footprint with Versatec buy French class society Bureau Veritas (BV) has acquired technical advisory company Versatec Energy to increase its presence in the fast-growing renewables segment. The acquisition of Versatec Energy enables Bureau Veritas to expand its service offering in oil and gas, and nuclear energy, as well as renewable energy solutions like offshore wind and carbon capture storage ...
Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials. The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC) by Northern Lights, a joint venture between Shell, ...
Dolphin Drilling rig begins work in India after court case saga delays The Dolphin Drilling-owned semisub, Blackford Dolphin, has finally started its $154m long-term drilling contract with Oil India after being delayed by a legal spat with Nigeria's General Hydrocarbons Limited (GHL). Dolphin Drilling said the rig arrived in Indian waters in October and has since completed customs clearance and client acceptance. The company has prior experience ...
AK Shipping snaps up handy bulker Piraeus-based dry cargo and tanker player AK Shipping has snapped up its second vintage handysize bulker of the year. Its latest purchase is the 2006-built Miltiades II, a 30,500 dwt workhorse added from Athens-headquartered PL Shipping. No price tag has been attached to this deal. In September, AK Shipping made another vintage move, securing the ...
Live Animal Export: False hopes on a dying fleet What happens to a live export trade when the ships don't return? Dr Lynn Simpson, a well-known former live export veterinarian, makes her Splash return today. In the age of refrigerated sea and air cargo, how long will modern-day practices condone mass numbers of live animals becoming unwitting seafarers? How many animals need to be ...
Seafarer salaries still rising in a crew-led market Seafarer salaries are continuing to rise across the globe as the shortage of competent seafarers impacts the shipping industry across all sectors, according to a new survey from Danica Crewing Specialists. The survey shows that with a surplus of job offers available, seafarers can afford to be more picky - choosing positions not only on ...
Canadian government intervenes to end work stoppages at nation's ports The Canadian government has moved to end the port stoppages afflicting the nation's major ports. The Minister of Labour instructed...
Vessel reports multiple explosions in Red Sea A vessel reported being attacked in the Red Sea for the first time since late October amid reports that the...
Good times keep rollin' for boxship lessors long after Covid boom ends Containership scrapping is nearly non-existent, almost no vessels are idle, and liner companies are still snapping up leased tonnage -...
Shipping looks to accelerate green fuels as efficiency drive stalls Shipping's green coalition at COP29 climate talks is focusing government efforts on producing new policy to catalyse new supplies of...
Euroseas fixes pair of 23-year-old box ships for stellar rate Rates for older tonnage underlines charterers' need for feeder capacity, says chief executive Aristides Pittas
Crowley settles second sex trafficking lawsuit Crowley has settled a second sex trafficking lawsuit filed against it relating to an alleged predatory supervisor at the company's...
Fuel safety training needs major overhaul New guidelines and competency levels needed for safe use of ammonia, methanol and hydrogen
Gard book holding up despite softer hull renewals, Roppestad insists Codan acquisition designed to rebalance Norwegian mutual's portfolio
Dark fleet will bring challenges to recycling recovery 'The challenge will be to ensure compliance checks. Recycling the dark fleet will be a challenge,' says GMS chief executive...
Crewing market stacked towards seafarers as wages continue to rise Salaries continue to rise as a shortage of competent crew affects all sectors, meaning seafarers can choose positions based on...
Hyundai Heavy wage negotiations falter as union votes against tentative agreement The union isn't planning any further strikes, but changes in management and union representatives involved in the negotiations may delay...
'Risk off' for freight traders as crude tanker market drivers sour sentiment Hopes for a stronger finish to 2024 for crude tankers have dissipated, as a massive slump in freight derivative contract...
Shipping must take unified approach to voluntary green measures, Global Maritime Forum argues Book and claim schemes need to be interoperable, trustworthy and robust, according to new report
Trump return injects turbulence into container markets as carriers chase hikes Carriers' rates for the past two weeks of November have started to soften amid shaky market fundamentals. Attention is now...
North Atlantic emission control area could save 4,000 lives over next two decades The area would mean much stricter limits for vessels travelling within it on SOx and NOx emissions, which contribute to...
Flex LNG weathers falling rates with lengthy charter backlog John Frederiksen-owned LNG carrier owner hopes its decades-long combined backlog will insulate it from falling spot rates
Sompo eyes marine growth in Europe Japan-owned carrier's head of marine and specialty describes how long-term commitment is key to client confidence
The Daily View: Time to tackle the symptoms, not the cause Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing Ukraine and dark fleet continue to test IMO's political boundaries on Russia | Maersk VGM decision does not create new...
Bentzel leaving FMC for executive role with maritime trade groups The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator.
BC, Montreal ports set to reopen under orders from Canada's labor chief Canada's Labor Minister requires management and unions to submit to binding arbitration and orders that ports reopen after a series of strikes and lockouts effectively halted container operations across the country.
Yang Ming, Wan Hai see Q3 net profit outpace first half on demand, higher rates Both carriers generated more in net income between July and September than the first two quarters combined, filings to the Taiwan stock exchange showed.
CMA CGM does U-turn on Suez Canal resumption for Indamex service While there was no official word as to what caused the flip-flop on the part of the carrier, sources believe the security situation in the Red Sea continues to be too volatile for carriers to consider returning to the Suez route.
Pangaea Logistics turns in another profit ahead of transformative merger vote Led by ice-class fleet, Rhode Island shipowner outperforms Baltic rates by 19%
Could US soy shipments see China retaliation tariff if trade war gets back in full swing? Panamax soy export peak from US to China set to arrive pre-January
Perfect storm brewing that could send flood of ships onto recycling beaches, says Dimitris Ayvatoglu Turkish recycler cautions that depressed scrapping volumes could continue well into next year
Pioneer lines up order for first hydrogen-powered ropax to be built in US Switch Maritime adopts 80-car, 300-passenger design used in Norway
Golar faces $300m cost to relocate FLNG unit from West Africa to Argentina Golar LNG due to make a call on optional MkII conversion in 2025
'Trumponomics' set to free up 90m tonnes of new LNG, Flex chief executive says LNG shipping market set to swing back into balance in 2027 to 2028
Saverys' CMB.Tech offers 'attractive entry to future-proof shipping', says Fearnley Securities Fearnley Securities raises company rating to 'buy' after share slump
Capesize spot market makes big leap powered by resurgent Atlantic market Better reported rates for iron ore fixtures from Brazil have prompted upwards rate assessments
Danaos adds $300m to charter backlog as 'uncharacteristically soft' dry market drags on earnings New York-listed shipowner has all 14 newbuildings covered with deals of two to five years
Tanker cannibalisation could flip as LR2s move into aframax space LR2s could start lifting crude cargoes if aframax utilisation rises, broker says
John Bassadone expands Hercules newbuilding drive by up to 10 tankers Fast-moving owner returns to China in what could be $200m project
Greeks in the frame as BW Epic Kosan offloads LPG carrier trio BW Group-backed owner is a keen player of secondhand markets
Term rates firm as Hafnia linked to juicy Petronas MR tanker charter Charterers taking cover at higher rates ahead of stronger winter season
Golar LNG aims to bag charter in 2025 for its next FLNG conversion project Argentinian developer books FLNG Hilli for 20 years while initial cargoes from BP-chartered Gimi now due in first half of next year
Norden could sell more vessels to cut share valuation gap, says Clarksons Negative operating margins are dragging on owner-operator's overall results
Greek owner Contships hives off brace as it extends fleet renewal Hellenic boxship tonnage provider is also making hay in the charter market
Start-up Jiada New Energy inks 10 hybrid cargo ships at China's Huanghai Shenzhen shipping newcomer has inked deal for diesel/battery vessels
Tanker owners rein in asking prices as rates curb investor interest Weaker-than-expected rates keeping a lid on secondhand market
New boss to turn wind propulsion poster child Norsepower into an industrial force Mergers and acquisitions in the fledgling market are inevitable, says new CEO Heikki Pontynen
Hoegh Autoliners and Fortescue team up to speed development of green ammonia supply chain Norwegian and Australian groups call for an end to shipping's reliance on fuel oil
'Multiple explosions' pepper waters near ship in new Red Sea attack First incident reported in November after lull in Houthi attacks
Vitol leads the way as first VLCCs fixed to bring oil to new Chinese refinery Shandong Yulong plant is a much-needed source of demand for big tankers
Seafarer pay rises amid scramble for best workers, says crewing agency Wages are increasing more slowly, though, and welfare concerns persist
Tanker holed in collision after fishing boat skipper went on toilet break Dutch court told that seafarer regrets leaving his post ahead of crash
Skuld seeks premium boost as costs spike in 'increasingly complex' insurance market Club is looking for 5% increase in premiums
Himalaya Shipping chairman inks $1.4m forward share deal with Tor Olav Troim Isaksen to buy 200,000 shares in 2026 at $7.13 per share
Four big-name brokers back bulker market effort to boost Mercy Ships' coffers Launch of Dry Cargo Week initiative seeking to help bulker players catch up with their colleagues in tankers
'It's a monster': BSM boss Ian Beveridge launches FuelEU broadside as new law threatens to pack a punch Ship manager believes owners ain't seen nothing yet in terms of regulatory burden
'Oil champion' Trump could boost tanker exports, DIS boss says Potential peace deal in Ukraine could also bolster European economy, Carlos Balestra di Mottola believes
DIS on the hunt for tanker deals in tougher period market Boss Carlos Balestra di Mottola wants charter coverage to be 40% next year
Euroseas adds $20m of profit by chartering veteran ships to Maersk Greek owner continues to make good use of container tonnage over 20 years of age
Shipping giants battle for four-vessel Petrobras shuttle tanker tender Market leader Knutsen goes toe to toe with two major Greek families and other runners for major contract
New boss to turn wind propulsion posterchild Norsepower into an industrial force Mergers and acquisitions in the fledgling market are inevitable, says new CEO Heikki Pontynen
Flex LNG set to market redelivering vessel in early 2025 as charterer drops option Chief executive says fourth-quarter spot rates behaving 'totally different' from seasonal norm
Ottawa orders end to port work stoppages Canada Labor Secretary Steven MacKinnon asked the Canada Industrial Relations Board to order operations to resume at the ports of Montreal, Vancouver and Prince Rupert and send employers and longshore unions back to the bargaining table.
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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