Captain of pollution case tanker PS Dream could get prison term While two whistleblowers in a recent tanker pollution case could could be awarded up to $500,000, the vessel's captain could face imprisonment. As we reported earlier, last month two related companies that
Industry makes progress in fight against dangerous CARB DPF requirement In a major milestone for mariner safety in California, the California Senate Transportation Committee has voted 14-0 in favor of a measure that would prevent the California Air Resources Board (CARB) from
Damen unveils new offshore charging concept Offering a way to cut emissions during the operating phase of an offshore wind farm, Damen Shipyards Group has developed a new concept for offshore charging. The system envisages a fully electric
U.S. container imports to surpass 2 million TEUs for next 7 months The Global Port Tracker report, released jointly by the National Retail Federation (NRF) and Hackett Associates, forecasts that monthly inbound cargo volumes at U.S. major container ports will reach their highest levels in nearly two years this summer. According to Ben Hackett, founder of Hackett Associates, this surge, expected to extend over seven months with import levels consistently exceedin
Liebherr Container Cranes completes major upgrade at Port Liberty in NY Liebherr Container Cranes announced the successful completion of a significant upgrade project at Port Liberty (formerly Global Container Terminals) in New York. This project involved enhancing three out of four Liebherr ship-to-shore container cranes (STS) by increasing lift height and extending the boom tip, with work on the fourth crane set to finish soon. The entire process was captured on ca
Klaipeda Port bolsters fleet with two new hybrid pilot boats Each of the two new hybrid pilot boats, contracted from Estonia's "Baltic Workboats AS," will assist ships entering and leaving Klaipeda Port in a year and a half. "At the end of next year, a hydrogen-powered waste collection vessel and two new-style hybrid pilot boats will be sailing in the Klaipeda Port Channel. Klaipeda Port is undergoing renewal and modernization while taking a comprehensive
Descartes acquires BoxTop Technologies for US$13 million Descartes Systems Group, the global leader in connecting logistics-intensive businesses in commerce, has announced its acquisition of BoxTop Technologies Limited (BoxTop), a leading provider of shipment management solutions for small to mid-sized logistics service providers (LSPs). Headquartered in Windsor, England, BoxTop was acquired by Descartes for approximately US$13 million, paid from cash
Pier owner seeks to arrest MSC boxship after near-miss An arrest warrant has been issued against one of Mediterranean Shipping Company's ships, MSC Michigan VII, after Charleston port officials accused the vessel of causing damage to one of its piers. The 2000-built 6,648 TEU MSC Michigan VII had lost power near Arthur Ravenel Jr Bridge on 5 June while sailing along Cooper River. The pilot alerted the US Coast Guard, saying the ship had lost control
US importers caught in a vicious circle as labor union strike threat raises fears of soaring freight rates and massive disruption at US East and Gulf Coast ports Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping. The International Longshoremen's Association (ILA) announced on Monday that it has suspended negotiations with United States Maritime Alliance (USMX) over a new labour contract for workers at US East Coas
Shipping's JIT failure that a five-year-old could understand Benefits from just-in-time arrivals at the port are so obvious and easy to achieve that a five-year-old can understand it and yet the industry does not get it according to one leading industry figure. Martin Crawford-Brunt, CEO at consultancy Lookout Maritime told Container News that it is essential the industry "ends the practice of 'sail fast to wait'", slowing ships down is a simple and effect
MABUX bunker indices surge in week 24 In Week 24, the MABUX global bunker indices experienced substantial growth across all segments. The 380 HSFO index increased by US$7.74 to US$544.49/MT. The VLSFO index climbed by US$10.97, reaching US$633.73/MT. The MGO index saw the most significant increase, adding US$22.09 to US$824.02/MT. "At the time of writing, the upward trend moderately continued in the global bunker market," stated a Ma
Asia-Europe spot rates could surpass US$20,000 per FFE Spot rates have continued to soar this week, causing significant concern among shippers about how high these rates might climb. However, the reality is that no one can predict the exact ceiling. Prices will keep rising until a sufficient number of shippers are unable to afford to transport their goods, which will subsequently reduce container demand to align with available vessel capacity. The pr
Port of Los Angeles handles nearly 753,000 TEUs in May In May, the Port of Los Angeles handled 752,893 TEUs, reflecting a slight 3% decline compared to May of the previous year. Despite this dip, overall cargo volume for the first five months of 2024 is 18% higher than in 2023. Executive Director Gene Seroka announced plans to visit Taiwan and China next week for discussions to boost cargo volume and reduce the Port's carbon footprint. "We continue o
Mainprize Offshore orders six CTVs from Strategic Marine UK-based crew transfer vessel operator Mainprize Offshore has entered into a memorandum of understanding with Singapore-based shipbuilder Strategic Marine for the construction of six CTVs. The deal for the construction of the six supa-swath-model vessels comes with an option for an additional six vessels. The MoU was signed after the recent delivery of two such ...
Seanergy Maritime charters out cape duo to Costamare Greek capesize specialist Seanergy Maritime has fixed out two of its vessels on new deals with compatriot boxship and bulker owner Costamare. The company said that it took delivery of its recent acquisition, the 181,392 dwt vessel Iconship or as it was previously known - the Kinokawa Maru, which the company bought from Shunzan Kaiun ...
Havila Shipping bags deals for PSV trio with Equinor Norwegian OSV owner Havila Shipping has secured contracts for three of its platform supply vessels (PSVs) with compatriot energy giant Equinor. Equinor hired the Havila Clipper, Havila Fanø, and Havila Herøy PSVs for a firm period of twelve months. The contracts for each vessel include six optional extension periods for one month each. The contracts ...
Japanese firms to develop and commercialise rigid sails A trio of Japanese companies has teamed up to commercialise rigid sails as a new energy-saving device for shipping. Hiroshima-based shipbuilder Tsuneishi Shipbuilding, in partnership with Mitsui E&S Shipbuilding and Akishima Laboratories, will be developing a wing-shaped rigid sail to be used as an auxiliary propulsion device on ships. According to Tsuneishi, the rigid sail ...
Precious Shipping buys handy bulker for $18m Thai dry bulk owner Precious Shipping has acquired a handysize vessel from Ratu Shipping for $18.6m. The company's Singapore subsidiary, Precious Marigold, inked a deal for the acquisition of the 2015-built Western Panama. The 39,260 dwt vessel will join Precious between July 1 and August 31, 2024. The ship will be converted to the Singapore ...
Larsen & Toubro scores order for ONGC's Daman offshore project The hydrocarbon business of engineering conglomerate Larsen & Toubro (L&T) has secured an order from India's Oil & Natural Gas Corporation (ONGC) for the Daman project off the country's west coast. The scope of work includes engineering, procurement, construction, installation, and commissioning of four wellhead platforms, 140 km of pipeline and associated topside modifications at ...
Sea Cargo Charter report shows shipping is falling short of climate goals A new report from The Sea Cargo Charter (SCC) revealed the sector fell short of the minimum international climate goals set by the IMO by an average of 17% in 2023, equivalent to 165m metric tonnes of CO2e. Taking into account the 'striving' goals set by the IMO, SCC signatories were on average 22% misaligned, ...
China Merchants to take over Antong Holdings China Merchants Energy Shipping (CMES) has provided details of what it plans to do with its container and roro fleets. Splash reported last month on plans to spin off Sinotrans Container Lines and China Merchants RoRo Transportation (Guangzhou RoRo) in a deal with compatriot Antong Holdings. CMES, China's second-largest shipowner, has now revealed it will ...
Offshore wind safety incidents see 94% rise year-on-year Data provided in the G+ Global Offshore Wind Health and Safety Organisation 2023 report shows that the number of incidents in 2023 nearly doubled compared to the year before. In 2023, there were 1,679 incidents recorded by almost 40 G+ members - a who's who of offshore wind players. This is an increase of 94% ...
MSC faces another hurdle in its bid to operate at Hamburg port Mediterranean Shipping Co's hopes to complete its buy-in to Hamburg port by the end of June now face a hurdle with local politicians belonging to the Left Party working at the city's budget committee deciding this week to postpone any final decision until after a public hearing now scheduled for next Thursday, which is likely ...
DNV green lights shift of chief engineer from ship to shore Tech firm Kongsberg Maritime has received approval in principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control centre. The move will enable the role of chief engineer to be located in a remote operations centre (ROC), where the duties can be carried out from ...
Houthis add sea strike capabilities in war on shipping The Houthis have displayed greater sophistication in their attacks on merchant shipping this week, hitting targets both by sea and air for the first time, causing severe concern for seafarers tasked with heading towards the Red Sea. The Iran-allied militants have claimed their first successful sea drone strike on a commercial ship in the Red ...
MSC partners with the New York Shipping Exchange Mediterranean Shipping Co (MSC), the world's largest containerline, is partnering with the New York Shipping Exchange (NYSHEX) to enhance the digitalisation of ocean freight contract performance. Through this strategic collaboration, MSC will integrate NYSHEX's technology to gain real-time insights into their contract performance. The secure, cloud-based platform from NYSHEX digitalises key contr
MSC ship arrested after close shave with American bridge An errant containership operated by Mediterranean Shipping Co (MSC) that made headlines in the US earlier this month for a close brush with another American bridge is now at the centre of a legal tussle. Carver Maritime has filed a suit over the MSC Michigan VII's throttle getting stuck, which resulted in damage to the ...
Fuel price spread at lows rarely experienced during the global sulphur cap era The price spread between high and low sulphur fuel oil (HSFO and VLSFO) are at lows rarely seen since the advent of the global sulphur cap at the start of the year 2020. The price spread between shipping's top fuels - known as the Hi5 - stands at around $67 today, eroding the premium earnings ...
Understanding Fuel EU Maritime: baselines, incentives and penalties The EU's Fit for 55 package will change the way we think about fuel and carbon accounting, writes Christian Rae Holm, managing director of Coach Solutions. The European Union's FuelEU Maritime regulation will be in force from January 1, 2025, as part of the Fit for 55 package which has the goal of reducing CO2 ...
Specter of port strike looming over as-yet unscathed trans-Atlantic trade Measures to mitigate the impact of a potential labor disruption at US East and Gulf coast ports could cause the trans-Atlantic market to follow the same path as the heavily disrupted trades out of Asia.
MSC joins NYSHEX to improve tracking of ocean contract performance The ocean carrier joins rivals Maersk, CMA CGM and Hapag-Lloyd - all investors in NYSHEX - in using the contract management platform.
Supply chain automation vendor lands investment to help shippers better use data CargoSense said the funding will be used to expand its partner ecosystem of integrated management systems and data sources for its shipper customers.
Signs of container spillover remerging in MPV market Trade disruption and related congestion, high container rates and tight capacity are pushing shippers to rethink transport modes and make early moves toward revisiting the spillover market seen during the pandemic.
Port strikes in Germany, France disrupting cargo movement Summer strikes have begun in Europe with a series of walkouts causing significant disruption across the main German and French container ports.
Far East-India rates hit new recent highs amid ongoing Asia port flow disruptions Large Indian industrial importers, relying heavily on China for input products, have complained that despite shelling out exorbitantly high freight rates, vessel space at load ports continues to be problematic.
ILA links contract wage proposal to ocean carriers' financial results The International Longshoremen's Association cited the "massive profits" ocean carriers have booked in recent years to highlight the wage proposal it plans to push in contract talks with employers.
Seafarer severely injured in blaze after Houthis target three ships Polish-Ukrainian bulker is 'making way' after it is hit by anti-ship cruise missiles
Meet MOL's climate tech leader in California's Silicon Valley Venture capital firm MOL Switch is busy investing $100m budget in start-ups that are rethinking energy
Blaze breaks out on Ukrainian ship struck by Houthi missiles Ship is 'making way' after receiving three blows from 'unknown projectiles'
Russian interests cancel LNG and tanker newbuildings deal at SHI Arbitration looms over agreement on hulls that were to be completed at Russia's Zvezda
UK blacklists Russian insurer Ingosstrakh and first shadow fleet vessels Four tankers and two cargo vessels are on new UK list targeting Russian interests
Cleaves shipping fund's 'overexposure' to tankers pays off as stocks rise 80% Norwegian investment bank sees tighter product markets into 2025 after markets underestimated Red Sea effects
Danaos Corp forward-fixes six 8,000-teu container newbuildings with Hapag-Lloyd German liner is behind three-year charters of methanol-ready neopanamaxes
Seafarer killed in Houthi attack on Greek Evalend bulker as salvage op continues Two-year-old kamsarmax becomes second vessel to suffer fatal strike
Cleaves shipping fund's 'over-exposure' to tankers pays off as stocks rise 80% Norwegian investment bank sees tighter product markets into 2025 after markets underestimated Red Sea effects
Redelivering LNG steamships set for lay-up or scrap Fearnleys analysts say fleet replacement and industry growth will prompt second wave of newbuildings
John Dragnis opens up on dry bulk and gas investments Greek owner has been growing and will continue to keep shipping business in private hands
Shipowners can now move quickly if scrapping needed, Stolt Tankers' Bjarke Nissen says Demand has never been a problem, but ship supply is key to chemical sector, executive argues
Buyers happy to hunt secondhand tankers they will not own until 2025, analyst says Seaborne Shipbrokers' Eva Tzima notes deals for forward deliveries are increasing
Adnoc green-lights Ruwais LNG export plant as it eyes energy growth prospects New facility will more than double Abu Dhabi's production
Buyer of Scorpio product tanker revealed to be Indian shipowner Great Eastern Destination of four other vessels sold by New York-listed owner as yet unknown
New missile strike on ship reported in Red Sea as fate of Evalend bulker unknown Fresh incident comes a day after Greek bulker hit in similar area
Greek shipowner Chandris orders first VLCC since global financial crisis South Korean shipyard finds another slot for 2026 delivery
VLCC completes Russian oil transfer from three aframaxes off Morocco Kpler tracks first-ever transshipment of crude off the African country
Western Bulk names new head of Indian Ocean as it targets panamax growth Norwegian dry bulk operator appoints Amit Jakhmola
'Tremendous' yard order backlog likely to create newbuilding delays Fearnleys head of research warns of a 'tsunami' of ship phase-outs adding fresh pressure
Danica Crewing boss rues chronic lack of competent officer seafarers Crewing specialist expects tight labour market for officers to go on 'for a long time'
Car carriers at 'critical' tipping point as charter rates fall, Clarksons says Analysts argue that the sector is moving into a period of higher newbuilding deliveries
Solstad Maritime scoops Petrobras charters Multiple deals involve construction support and anchor-handling tonnage
Norwegian hedge fund sells Golden Ocean shares after rally Sissener Canopus remains positive on dry bulk
US puts seven Russian LNG carrier newbuildings on its blacklist Move is part of a sweeping, new sanctions package encompassing more than 300 entities worldwide
Precious continues S&P action with Japanese handysize bulker acquisition Thai owner acquires more modern tonnage after shipping out veterans
Chemical tanker sector ripe for takeovers, says Stolt Tankers' Maren Schroeder Legislation and disruption is weighing heavily on tanker companies lacking scale, boss argues
Tina Turner, portraits and pressure: Stolt boss Lange makes London debut German executive reveals new 'simply the best strategy' as he continues to put his imprint on shipping and logistics giant
Higher requirements and societal change lead to seafarer shortages, Danica CEO says Crewing specialist expects tight labour market for officers to go on 'for a long time'
Dockworkers seek wage increase 'commensurate' with corporate profits The International Longshoremen's Association is in a contract dispute with ocean carriers over wage increases and use of automation.
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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