Freire wins diver support vessel contract Vigo, Spain-based Freire Shipyard will be well known to Marine Log readers as a builder of a range of specialized vessels. Now it has won its first Spanish Navy contract. Awarded in
Global bunker indices decline in 50th week of 2024 During the 50th week of the year, the Marine Bunker Exchange (MABUX) global indices experienced a moderate decline. The 380 HSFO index dropped by US$4.76 to US$510.31/MT, edging closer to the US$500.00 threshold. The VLSFO index fell by US$3.98 to US$584.96/MT. Similarly, the MGO index saw a decrease of US$5.20 to US$746.75/MT. "At the time of writing, no clear trend was observed in the global bu
Wärtsilä secures key contract for LNG bunkering vessel with Vitol Wärtsilä Gas Solutions, part of the Wärtsilä technology group, has secured a new contract to further solidify its leadership in small-scale LNG applications. The company will deliver its advanced Cargo Handling and Fuel Gas Supply systems for a 12,500 cbm LNG bunkering vessel under construction at Nantong CIMC Sinopacific Offshore & Engineering shipyard in China. The vessel is being built for the
10 Tips to Boost Water Efficiency in Your Home Saving water is becoming increasingly important for both environmental and financial reasons. By making a few simple changes around your home, you can reduce your water consumption, lower your utility bills, and contribute to a more sustainable future. These tips are easy to implement and can make a big difference in your household's efficiency. Let's explore some tips to help you manage your wat
Mapping Emerging Ports Amid Trade Shifts and Global Disruptions Geopolitical shifts, disruptions, and conflicts are reshaping the global shipping landscape, paving the way for the emergence of new ports that offer alternative operational hubs. These changes are prompting the industry to diversify trade routes and adapt to evolving logistical and economic challenges. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you
Pilot project boosts circular economy in Rotterdam Port area A pilot project utilizing the geoFluxus Waste Profile Platform has elevated the circular economy in the Rotterdam port area to new heights. Sponsored by the Port of Rotterdam Authority, the initiative has enabled companies to enhance their waste management processes. Often, industrial waste is not processed optimally-for instance, being incinerated instead of recycled. To promote more sustainable
EIB approves US$84 million loan for Bilbao Port expansion The European Investment Bank (EIB) has approved a US$84 million loan to the Port Authority of Bilbao to support the Spanish port's expansion and electrification efforts. This initiative aims to enhance maritime transport as a more sustainable alternative to carbon-intensive modes of transportation. The EIB's funding will contribute to making the port's operations more efficient and environmentall
Dry bulk contracting falls 70% below average amid low rates Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024. However, in recent months, weaker Chinese import demand paired with a recovery in Panama Canal transits has impacted freight rates negatively. In October, the Baltic Dry Index (BDI) fell 15% month-on-month and after a further fall in November, the index has ended 16% lower than in Novembe
CelluCare Reviews (Consumer Reports Analysis) Safe Blood Sugar Control Ingredients That Work or Just Hype? CelluCare is a blood sugar support supplement designed to regulate blood sugar levels by restoring homeostasis within the body. The formula utilizes scientifically tested plant compounds that can promote metabolic efficiency, normalize blood glucose levels, and aid in weight management, all while ensuring a consistent flow of energy. This CelluCare review aims to provide a clear picture and exami
Evolving India-West Africa Trade Dynamics Amid Surging Container Freight Rates 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 .
Ahti Pool adds Neste fleet to FuelEU compliance pool Ahti Pool announced on 11 December that it has signed a letter of intent (LoI) with Neste to integrate Neste's EU-exposed fleet into Ahti's FuelEU Maritime compliance pool. This move, as per Ahti Pool's statement, brings the total number of vessels under its management to nearly 250. With European regulations aiming to increase the share of renewable fuels in transport to at least 14% by 2030, th
Wallenius Wilhelmsen inks two multi-year shipping deals Scandinavian RoRo shipping and vehicle logistics company Wallenius Wilhelmsen has signed two multi-year shipping contracts with large auto original equipment manufacturers (OEMs), both including biofuel. Both agreements are with leading auto OEMs and span over multiple years, according to the firm's statement. The first is a three-year shipping contract and is valued at approximately US$263 milli
CNC launches new China-Vietnam shuttle service CMA CGM's subsidiary CNC has announced the launch of CV8, its new dedicated shuttle service connecting Central China to South Vietnam. CNC noted that the CV8 service is expected to complement the existing CV2 service, offering expanded capacity and increased frequency. The CV8 service will offer direct service between Central China and South Vietnam, while with additional sailings and weekend dep
Moody's affirms Port of Oakland's A1 stable rating Moody's Investors Service has affirmed the Port of Oakland's senior lien rating at A1 with a stable outlook. This rating underscores the Californian port's robust liquidity, strong debt service coverage ratio, controlled capital expenditure plans, and substantial long-term debt capacity. Moody's highlighted several key factors supporting this credit rating: A diverse and economically stable servi
Buying Goods in China and Shipping Container to the USA - Globy.Com Freight Calculator Recent research shows that China is the world leader in GDP (in purchasing power standards). These achievements are not final, as every year the Chinese economy shows growth of about 8-10%, ahead of its competitors India and the United States. The influx of foreign investment over the past 5 years and the expansion of exports have led to a new acceleration of economic growth. The country is a lea
Poseidon Principles banks make headway in aligning with climate targets The Poseidon Principles group of banks has moved closer to alignment with IMO's revised GHG strategy to remove emissions from shipping by 2050. In its fifth annual report, the framework for measuring and reporting the alignment of lenders' shipping portfolios with climate goals showed a noticeable progression from last year. The 35 banking signatories, representing ...
Wallenius Wilhelmsen wins two transport deals worth $375m Norwegian car carrier operator Wallenius Wilhelmsen has signed two multi-year shipping contracts with large automobile OEMs, both including biofuel. The first is a three-year shipping contract valued at approximately $263m over the contract period based on the assessed volume. This contract adopts Wallenius Wilhelmsen's re-engineered bunker adjustment factor - BAF2.0 - for the Asia to ...
ICTSI loses appeal in ongoing battle for Durban terminal concession The legal tussle to operate a terminal at South Africa's top boxport will stretch into the new year with International Container Terminal Services Inc (ICTSI) losing an appeal at the Durban High Court to dismiss a case brought by rival APM Terminals. Another court hearing is now scheduled for March next year. Lawyers working for ...
Saipem firms up $684m pipeline installation deal for UK CCS projects Italian offshore engineering and construction giant Saipem has been awarded contracts for the development of offshore facilities for the transportation and storage of CO2 of the East Coast Cluster in the United Kingdom. The contracts were awarded for work on the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) projects. The overall value ...
Angelicoussis finds Hong Kong buyer for ageing VLCC Scorpio International Invest from Hong Kong has emerged as the buyer of an 18-year-old VLCC sold by Greece's Angelicoussis Group, adding one of the oldest crude tankers in the Greek heavyweight's fleet, the Daewoo-built Maran Aries. A string of brokers reports have reported the sale, adding a $45m price tag to the deal. The ship ...
RightShip eases age trigger for vessel inspections The dry bulk shipping community has voiced its approval of risk management platform RightShip's decision to revise its timeline for implementing its vessel inspection age trigger, reducing the inspection threshold from 14 to 10 years through a four-phased approach. The initial announcement of the inspection age trigger in October 2024 caused considerable concern among shipowners. ...
EU sanctions another 50 Russia-linked ships The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted. EU foreign ministers are expected to formally adopt the sanctions package on Monday. Further sanctions are expected in the new year when Poland takes over the presidency of the EU from Hungary. Russia remains ...
Seaway 7 lines up vessel work on world's largest offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has signed a vessel reservation agreement with the developers of the Dogger Bank wind farm, off the UK. The vessel will transport and install turbines for the project. Offshore works are expected to commence in 2026. This represents additional work for Seaway 7 at this development, ...
Subsea 7 gets more work in US Gulf of Mexico Offshore engineering and services player Subsea 7 has won a new contract for a subsea tieback development in the US Gulf of Mexico from an undisclosed client. Subsea7's scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers, and flowlines. Project management and engineering work will ...
Kawasaki Heavy scales back hydrogen ambitions Kawasaki Heavy Industries is ditching plans to source hydrogen from Australian brown coal, due to delays in construction approvals. Kawasaki Heavy will now source hydrogen on home soil in Japan, and will focus on smaller hydrogen carriers than originally envisaged. Kawasaki Heavy, which has been operating the world's first liquified hydrogen carrier for the past couple ...
Neste joins Ahti Pool Sustainable fuel provider Neste has signed a letter of intent with Ahti Pool to include its European Union-exposed fleet into Ahti's FuelEU Maritime compliance pool. This takes Ahti Pool's total vessels under management to almost 250. Each ship in the Ahti Pool shares the compliance burden with other pool members, and collectively benefits from the ...
Trump's plans and what we can do to secure supply Wolfgang Lehmacher delves into the expected changes, their potential impacts, and strategies businesses can adopt to navigate Trump 2.0. The political landscape is shifting with Donald Trump's recent election, which could significantly change trade flows and disrupt global supply chains. The anticipated policies of the Trump administration raise questions about trade dynamics, the resilience of ...
Marine insurance: Firmer P&I, softer H&M and cargo Marine insurance rating trends vary by class, but it remains a significant outlay for most operators
Shipbuilding: Capacity ramps up as China extends its dominance With most top tier shipyards having a four year or more backlog of work, further capacity is being introduced to...
Ship finance: Future deal flow hinges on fate of asset prices Shipowners are flush with cash and banks are ready and willing to lend. The level of ship finance activity in...
Lomar joins with Mythos AI to 'push boundaries' of autonomous navigation Logothetis family shipping arm sees AI having 'huge potential' for shipping
Regulation: Shipping will get a global carbon price In April, MEPC83 will see states agree on the legal text that will turn the IMO's climate ambition into specific...
Shipping climate alignment scores falling short of IMO trajectory The younger the better for bulkers, tankers and passengerships. But correlation does not hold for car carriers, ro-ros and boxships
Opec slashes demand forecast Oil demand growth forecasts from the organisation have been decreased every month since August 2024 after Opec analysed 'recently received...
Singapore seeks proposals for sea-based LNG reloading and alternative supplies Selected participants will be invited to test their solutions at Singapore port
Scientists team up to measure LNG shipping's real emissions The International Council on Clean Transportation is following up its groundbreaking FUMES study, which used drones to count fugitive and...
Dry bulker newbuild activity slows as uncertainty clouds outlook An unclear earnings outlook, fuel uncertainty and high newbuilding prices have dampened owners' appetite for new orders
The Daily View: Can't just turn them off Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
ACL's Abbott confident of ILA deal as transatlantic box trade stabilises ACL chief executive believes the port automation dispute between the International Longshoremen's Association and the United States Maritime Alliance will...
If stocks keep sinking, should owners keep buying back their own shares? It is a familiar pattern in public shipping: Rates decline, stock prices trade at steeper discounts to values in the...
Favourable propane pricing propels VLGC spot rates upwards VLGC rates were mostly stable over the past few weeks, but have gained more than 24% since Friday, according to...
Daily Briefing US senators tell Treasury to ratchet up Iran sanctions | What Assad's downfall means for the Red Sea shipping crisis...
Broker, tech firm partner to root out fake motor carriers, fight fraud A partnership between C.H. Robinson Worldwide and Highway seeks to push carrier ID systems deeper into truck brokerage networks as shippers demand action to prevent cargo theft by fraudsters.
Significant advantages offered by RMGs come with costly challenges Rail-mounted gantry cranes can reduce labor requirements and significantly increase the throughput of marine terminals, but those gains still come at a steep cost, listeners of the Journal of Commerce's Port Performance North America webcast heard.
CPKC, Americold say to expand cold chain partnership into Mexico The two companies, already building a temperature-controlled warehouse at the site of CPKC's intermodal terminal in Kansas City, Mo., are looking to replicate that business model south of the border.
Trans-Atlantic air cargo rates take off as capacity shifts to Asia Airlines repositioning freighter aircraft from the trans-Atlantic to the more profitable Asia market has combined with a seasonal decline in belly cargo on the Europe-US route to push rates on the trade lane near a two-year high.
Biden Administration rolls plan to decarbonise shipping on eve of Trump's ascension Can a lame duck president's plan survive change in Washington?
DHT Holdings sells oldest tanker in $43.4m windfall VLCC carried no debt as management eyes lower fleet age and CII benefits
Scorpio Tankers agrees to new $500m revolving credit line After period of rapid debt reduction, shipowner levers up with 26 tankers as security
Petros Panagiotidis' cash-rich Castor Maritime swoops for MPC Capital Cypriot company's subsidiary Thalvora Holdings takes 74% stake in Hamburg asset manager
Subsea 7 adds work for 2026 with deals in the US, UK and Saudi Arabia Company reported $11.3bn in contract backlog for in the third quarter
Andreas Sohmen-Pao says 'authoritarian leaders' can be 'positive force for change' in 2025 BW Group chairman believes current hostilities could be set aside in uncertain period for shipping
Knutsen LNG carrier fixed into Honduras after conversion into FSU Charter by Genesis Energias confirmed by adviser WFW
Buyers sought as Lars Windhorst's FSG yard group files for receivership again Insolvency process could end with new management team at shipyards in Flensburg and Rendsburg
Germany's FSRUs to be sublet from 2027 as land-based terminals start up Country's import facilities will need to shift away from LNG by 2043
Evangelos Marinakis inks his first bulk carrier newbuildings in 15 years Newcastlemax deal is said to have been struck with China's New Ronsheng shipyard at this year's Posidonia
MAN ES admits two incidents of breakdowns of ME-GA-fitted LNG carriers Designer gives detailed description of problems and solutions with now-discontinued engine
Subsea 7 adds work for 2026 with UK wind farm and US oil and gas deals Company reported $11.3bn in contract backlog for in the third quarter
Trafigura being painted as 'incarnation of evil' by bribery prosecutors as trader attacks 'political crusade' Lawyers at Swiss trial hit back against allegations of corruption in Angolan tanker market
Shipowner Lomar teams with self-driving AI pioneer to transform ship navigation California tech company will gain access to shipowner's vessels to test out new autonomous systems
Overcoming the fear: Ailene Barrios becomes Furetank's first female chief engineer Tanker officer speaks about being one of the few Filipino women to reach her rank
Shipowner Lomar teams with self-driving AI pioneer to disrupt ship navigation California tech company will gain access to shipowner's vessels to test out new autonomous systems
'World's largest and most advanced' cable-laying vessel ordered The vessel will cost up to $243m and will promote Japan's use of wind power in ports
Wallenius Wilhelmsen keeps up renewal push with two new deals worth $375m Analyst says agreements represent small portion of company's volumes
Sanctioned shadow fleet VLGC accused of sinking fishing vessel off India Owner of trawler says false-flagged ship left the scene without offering aid
Saevik family's Havila issues $47m secured bond in restructuring Two-year bond closes overhaul of the balance sheet at OSV owner
Singapore seeks solutions to improve LNG bunkering operations both onshore and offshore EoI seeks to scale up sea-based LNG reloading, ship-to-bunkering and promoting the supply of LNG alternatives
LNG a no-brainer as FuelEU prices ammonia and methanol out of Europe, Baltic expert says Emissions lead Martin Crawford-Brunt explains how big costs and penalties for grey fuels are not commercially viable
Wuyang Tanker breaks into LNG bunkering with newbuilding deal Owner picks Nantong CIMC yard for 12,000-cbm series
Shipping stocks enter bear territory to end a year awash with mergers and acquisitions An exciting year for the financial markets beckons despite the share crash
Sævik family's Havila issues $47m secured bond in restructuring Two-year bond closes overhaul of the balance sheet at OSV owner
LNG shipping industry 'not ready' for fourth generation design vessels More newbuildings to meet needs of incoming wave of new product but ordering speculative becoming difficult
World's largest and most advanced cable laying vessel ordered The vessel will cost up to $243m and will promote Japan's use of wind power in ports
Penta-Ocean orders world's largest and most advanced cable laying vessel The vessel will cost up to $243m and will promote Japan's use of wind power in ports
Chinese cruise operator poised to take delivery of country's first expedition cruise ship 66 Degrees Expeditions to focus on expedition cruise market
Japan's Doun Kisen linked to doubling of bulker orderbook at Nantong Xiangyu Owner said to have contracted four more kamsarmaxes and ultramaxes in China
Huge increase in LNG carriers and gas-powered ships sparks methane emissions monitoring project Fumes 2 project to measure methane slip from five engines to seek out emissions during cargo operations
Trump opposes port automation due to 'distress, hurt, and harm' it causes workers President-elect Donald J. Trump has taken a stand against port automation during contract talks between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX).
Trump backs ILA in port labor standoff President-elect Donald Trump weighed in on the East Coast longshore labor standoff Thursday, urging foreign-based ocean carriers to forego automation technology in favor of hiring more union dockworkers.
Alaska Air cargo profits set to blossom with international expansion Alaska Airlines plans to transfer some of Hawaiian's A330s out of Honolulu and base them in Seattle to fly new routes to Asia, creating a big opportunity for increased cargo business.
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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