Gulf Island delivers new ferry to Texas DOT The Texas Department of Transportation (TxDOT) recently unveiled its new hybrid-electric ferry Esperanza "Hope" Andrade in a dedication ceremony honoring its namesake, Texas transportation infrastructure pioneer Esperanza "Hope" Andrade. Built at Gulf
VIDEO: HaiSea Marine's floating tugboat base marks a milestone The fleet of ultra green tugboats built for Canada's HaiSea Marine will operate from a purpose-designed and built floating tugboat operations base. When we last reported on the project in August last
Marine Log's TTB 2024 sees another successful conference For the fourth year in a row, attendance at Marine Log's TTB 2024 (Tugs, Towboats & Barges) conference exceeded expectations, attracting a growing number of vessel owners and operators, C-level executives, and
Saudi ports see container decline despite import surge Saudi container ports have seen a container decline in February moving 561,484 TEUs, translating to a 10% drop from the same month last year. In the breakdown of container volumes, Saudi ports' export volumes fell by 6% to 181,944 TEUs, but import containers increased by 17% to 266,672 TEUs. Additionally, the Saudi Ports Authority (Mawani) reported a significant 35% decrease in the transshipment
Port of Los Angeles, Caltrans begin US$130 million transportation project The Port of Los Angeles and the California Department of Transportation (Caltrans) are commencing a US$130 million transportation project to reconfigure a significant interchange where State Route 47 (SR 47) meets the Vincent Thomas Bridge and Front Street/Harbor Boulevard in San Pedro. This project aims to diminish travel durations, ease congestion, and enhance safety for both motorists and pede
Portchain Connect welcomes first Turkish box terminal to its network Evyapport will become the first Turkish container terminal to use Portchain Connect to increase the quality and speed of its berth alignment with customers through digital handshakes and secure data sharing. Portchain said it is excited to partner with Evyapport to simplify its communication channels and improve overall berth alignment. Portchain Connect is expected to enable EVYAPPORT to receive
Orca AI joins forces with NorthStandard for automated situational awareness solution NorthStandard and Orca AI have formed an exclusive partnership, with the global marine insurer encouraging its members to embrace Orca AI's automated situational awareness solution. Orca AI's platform enhances vessel navigation in challenging conditions and congested waters, empowering ship owners and operators to identify and address safety gaps and trends effectively. This collaboration integra
Port of Barcelona and Adif collaborate to strengthen Barcelona rail freight transport Train Port Barcelona, a joint venture between the Port of Barcelona and Adif with equal ownership, was officially established before a notary. This step marks an important moment in the collaboration between both organisations to enhance the development and management of the railway logistics hub in the Barcelona metropolitan area. The aim is to bolster rail freight transport along the Mediterran
ABB, Kuenz secure record crane order for Dutch container terminal Global engineering company ABB and Austria-based crane manufacturer Kuenz have secured the largest single order for Automatic Stacking Cranes (ASC) ever placed by a European terminal. This order is part of the ambitious "phase 2" expansion project at APM Terminals Maasvlakte II (APMT MVII) in Rotterdam, the Netherlands. The collaboration involves the delivery of 62 ASCs and one Intermodal Yard Cr
Round-Africa routing and vessel size dynamics: Impact on slot costs and network disruptions Greater sailing distances on the round-Africa routing would, all else equal, lead to higher fuel consumption and, hence, an increase in slot cost, according to the latest Sea-Intelligence report. The Danish shipping data analysis firm said that assuming the vessels are well-utilized, which should be the case, deploying larger, more fuel-efficient vessels, should bring these increased slot costs d
ONE revamps Japan - South Korea service network Singaporean container carrier Ocean Network Express (ONE) will revamp Japan Korea Express 1 & 2 services aiming to expand its direct shipping network between South Korea and Japan. The company will add a call at the port of Nagoya in Japan to its Japan Korea Express 1 (JK1) service, effective from 28 March. The updated port rotation of the JK1 service will be Busan (South Korea) - Shimizu (Japan)
Port of Virginia selects partner for Norfolk International Terminal North Wharf upgrade The Port of Virginia has chosen a Joint Venture of Skanska and McLean Contracting Company to undertake the revitalization of Norfolk International Terminal North Wharf. This contract, valued at US$85 million, signifies a significant advancement in improving the terminal's infrastructure. This project is part of a comprehensive US$650 million master plan aimed at optimizing the North International
Hijacked Bangladeshi ship reaches Somalia; Crew remains hostage A security ship followed the Bangladeshi hijacked ship Abduallah and fought with the pirates on Wednesday (13 March) night, according to a crew member onboard. He sent the updates to his relatives in Bangladesh through WhatsApp message, saying the security ship was probably from Navy of any nearest countries. The security personnel had warned the pirates to free the ship and the hostages. However
We Asked AI: The Largest Container Ship in 2050 We asked an Artificial Intelligence (AI) system to provide us with a glimpse of the potential appearance of the largest container ship in 2050. The results are quite impressive, with some designs appearing more in line with current container vessels, while others showcase a more futuristic approach. Click into the gallery to appreciate the impressive images in a larger view. 1 of 8 If you liked t
APMT-operated terminal commissions new Container Freight Station in Nigeria APM Terminals-operated West Africa Container Terminal (WACT) has marked a significant milestone by opening its new Container Freight Station (CFS). APM Terminals said this investment brings Port of Onne's WACT closer to its strategic vision of becoming the "gateway to Eastern Nigeria and beyond", offering a comprehensive suite of logistics solutions. The new station is expected to act as a centra
DP World's profit drops despite consistent financial performance DP World, one of the largest container port and terminal operators globally, has announced its financial results for the previous year. According to the company's report, DP World achieved a revenue growth of 6.6%, which was supported by Drydocks World (+$400 million) and full year consolidation benefit of Imperial Logistics acquisition (+US$900 million) with like-for-like growth driven mainly by
ONE redesigns its Scan Baltic feeder service network Singaporean box line Ocean Network Express (ONE) has announced service updates in the Scan Baltic Region in Northern Europe. The ONE dedicated IBESCO service has been redesigned to offer faster transit times and enhanced port coverage to/from Denmark and Sweden. The updated weekly service rotation will be as follows: Leixoes (Portugal) - Lisbon (Portugal) - London Gateway (UK) - Rotterdam (Nether
Rolf Habben Jansen remains at the helm of Hapag-Lloyd The Supervisory Board of Hapag-Lloyd has decided to renew the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31 March 2027, for five years, until 31 March 2029. In addition, the Supervisory Board has agreed to also extend the contract of Chief Information Officer and Chief Human Resources Officer (CIO/CHRO) Donya-Florence Amer for another five years, to 31 January
Long Beach experiences box volume rise at the beginning of 2024 In February, the Port of Long Beach experienced a surge in cargo shipments, driven by several factors such as cooling inflation, growing consumer confidence and a concerted effort to regain market share. Dockworkers and terminal operators at the Californian port handled a total of 674,723 TEUs during the second month of the year, marking a significant increase of 24.1% compared to February 2023.
Hapag-Lloyd records third-highest group profit in history despite significant financial declines German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively. Additionally, the company's earnings before interest and taxes (EBIT) fell from US$18.5 billion in 2022 to US$2.7 billion in 2023 and earnings before interest, taxes, depreciation, and amorti
Marshall Islands sustains premier fleet quality The Republic of the Marshall Islands (RMI) Registry continues to excel in supporting its owners and operators, maintaining the world's highest quality fleet. At the conclusion of day one of CMA Shipping 2024, Rear Admiral Wayne Arguin announced to RMI Registry staff that the RMI has once again attained the prestigious United States Coast Guard's (USCG's) QUALSHIP 21 status, marking 20 consecutive
Wah Kwong JV firms up two more LNG carriers at Dalian Shipbuilding Hong Kong shipowner Wah Kwong Maritime Transport and its joint venture partners China Gas Holdings and Hong Kong's CSSC Shipping have officially confirmed their order for two additional LNG carriers in China. The jv has signed for a pair of 175,000 cu m units at state-run Dalian Shipbuilding Industry Co (DSIC) after ordering its first ...
Subsea 7 wins contract for Woodside's deepwater field in Mexico Offshore engineering and services player Subsea 7 has struck a deal with Woodside Energy for work on the Trion field development in Mexican waters of the Gulf of Mexico. Under the contract, worth between $350m and $500m, the Oslo-listed company will provide subsea installation services on the deepwater development in the Perdido Fold Belt with ...
Bibby Marine awarded three-year charter extension by TotalEnergies UK shipowner Bibby Marine has landed a long-term contract extension with the Dutch unit of TotalEnergies for its walk-to-work (W2W) vessel Bibby WaveMaster 1. The new three-year charter starting in the first quarter of 2025 will see the 2017-built vessel deployed on the Dutch continental shelf in the Southern North Sea to accommodate and transport ...
Energy Drilling and SinoOcean set sights on international rig market Singapore's Energy Drilling (EDrill) has partnered up with Chinese manager of idle offshore assets, SinoOcean, to offer more drilling rigs to the international market. The two companies have signed a memorandum of understanding (MoU) aimed at capitalising on the strong market dynamics in the oil and gas sector by pooling resources and expertise to win ...
Pirates plan more attacks as abducted Bangladeshi bulk carrier moors off Somalia Emboldened by their vessel capture earlier this week, Somali pirates have set out again to sea to snare more ships passing by. UK maritime consultants Ambrey have received a report of four suspected pirate skiffs departing from the Hobyo, Nugal, and Mudug areas in Somalia, with 36 armed people onboard. The , a Bangladeshi bulk ...
Three companies bag $1.75bn in offshore drilling deals with Equinor Norwegian energy giant Equinor has extended contracts for drilling services on the Norwegian Continental Shelf with KCA Deutag, Odfjell Technology, and Archer. The initial contracts with the trio were signed in 2018 with three option periods of two years. The first two-year option was exercised in 2022. Equinor said that the options for drilling services ...
Habben Jansen's contract at Hapag-Lloyd extended through to 2029 Having overseen its greatest earnings ever, Rolf Habben Jansen has had his contract extended as CEO of Hapag-Lloyd, Germany's number one containerline. Habben Jansen, a Dutch national, has been in charge of Hapag-Lloyd for the last 10 years and now has a contract in place through to the end of March 2029. "Rolf Habben Jansen ...
Siem Offshore firms up long-term PSV contracts in Brazil Siem Offshore has sealed new deals with TotalEnergies for two platform supply vessels operating in Brazil. The 2013-built Siem Atlas and 2014-built Siem Giant have been fixed from June this year for an undisclosed sum in direct continuation of their current employment with the French energy major. The 4,700 dwt Siem Giant will be on ...
Chinese liner readies transpacific entry A new Chinese entrant is ready to enter the transpacific container trades. Hong Kong-based Hede (Hong Kong) International Shipping, part of Tangshan Port Industrial Group, will deploy two 4,250 teu ships later this month on a new service linking Shanghai and Los Angeles. Previously the shipping line focused on domestic trades with a small sideline ...
US court rules in favour of CMB's takeover of Euronav The Saverys family-controlled Compagnie Maritime Belge (CMB) has cleared the first obstacle for the takeover of Euronav set by US investor FourWorld Capital Management. In late February, funds managed by FourWorld filed a complaint in a US District Court regarding CMB's offer to purchase all outstanding ordinary shares of Euronav from US holders. The complaint ...
SBM Offshore and Technip Energies form floating wind pure play Dutch floater expert SBM Offshore and French-based engineering company Technip Energies have created a floating offshore wind joint venture. The joint venture, named EkWiL, will be a floating wind pure play and will use the expertise of the two companies to create integrated floating solutions for the offshore wind market. The 50/50 JV will operate ...
Price tracker of comparable alternative and conventional bunker fuels debuts Bunker intelligence platform ENGINE has teamed up with price reporting agency and biofuels specialist PRIMA Markets on biofuel-blended bunker fuel benchmark prices. ENGINE is also introducing its Fuel Switch Snapshot, a price tracker of comparable alternative and conventional bunker fuels in the world's two biggest bunkering hubs. Biofuels have become considerably more mainstream as bunker ...
CMA CGM drives clients to its booking platform with rewards scheme For air miles, read nautical miles - French liner CMA CGM has just unveiled a loyalty program with customers. SEA REWARD aims to forge "deeper connections with customers while providing them with exclusive benefits and a seamless digital experience", the company stated in a release yesterday. Like an airline loyalty scheme, customers earn Nautical Miles ...
Jones Act leasing business launched by Libra subsidiary Seapath, part of Libra Group, has launched a Jones Act leasing business with $25m of initial transactions already concluded. Seapath's leasing portfolio includes an order of six Jones Act-compliant barges, which are currently under construction. It also has a platform supply vessel (PSV) under bareboat charter to ThayerMahan. Joshua Lubarsky, president of Seapath, said the ...
Panama Canal expected to be operating at full capacity by September Panama Canal Authority deputy administrator Ilya Espino de Marotta says rainy season should allow tonnage levels to return to normal...
Fears of a future US ETS for shipping raised at CMA Holding out for an IMO-led global carbon tax, even if several years in the making, would be better than grappling...
What to expect from MEPC81? A breakthrough at MEPC81 is seen as unlikely as several member states oppose a flat rate GHG tax on shipping...
Owners have legal duty to seek release of ransomed crews War risk, hull and machinery or kidnap and ransom cover will normally foot the bill, with cargo contributing through general average
Seafarer supply the biggest challenge for shipowners in future, says d'Amico chief Paulo d'Amico, chairman and chief executive of d'Amico International Shipping, says fewer people want to go to sea, but the...
Habben Jansen: Return to Red Sea will come quickly but only when it is safe Hapag-Lloyd stayed profitable in 2023 despite 'unsustainable rates'. But it is looking to alter its strategy to avoid the volatility...
US Coast Guard sees 'rapid' rise in sexual misconduct complaints The US Coast Guard has seen a surge in harassment and sexual misconduct complaints since the Safer Seas Act, passed...
US court clears path to CMB's Euronav takeover The US District Court for the Southern District of New York denied FourWorld Capital's motion for an injunction against CMB's...
Canals and climate change challenge cool chain The reefer market suffered a torrid time during the pandemic. Now it is struggling with stagnant growth and further supply...
DP World shrugs off Red Sea fallout despite Jeddah and Sokhna dips Port giant is not concerned about the volume losses in the Red Sea, as the overall business portfolio maintains its...
Marsh Netherlands to get new marine broking director Role involves hull and cargo insurance broking services and risk advisory expertise for Dutch maritime sector
Wah Kwong, China Gas and CSSC Shipping team up for more LNG carrier newbuilds Two large LNG carrier newbuildings will be added to the partnership led by the Hong Kong-headquartered owner
Daily Briefing Houthi attacks will continue thanks to their robust weapons supply chain | Somalia piracy resurgence makes kidnap & ransom cover...
Evergreen, Wai Hai join peers in reporting sharply lower 2023 financials But both carriers have seen a rebound in revenues for the first two months of 2024 amid the higher freight rates the market saw early this year.
CMA CGM amps up retention of spot shippers with loyalty program Small shippers that have historically been out of reach for CMA CGM are being targeted through a loyalty program connected to the carrier's online spot booking tool.
No cost hikes in Gemini's transshipment-based model: Habben Jansen Hapag-Lloyd's CEO insists the total cost of the network will be lower because Gemini will be able to better utilize controlled assets and deliver more efficient cargo connections in the hub and spoke model.
Zim's standalone position enhances partnership potential on trans-Pacific: CFO The carrier, after steadily increasing its coverage on trade lanes between Asia and North and South America while building its fleet and volumes, aims to leverage that market strength into new slot-sharing agreements.
Asia import projections rise on surprising US economic strengthening Brightening prospects of Asia import growth in the first half have pushed container lines to significantly increase Asia-US West Coast capacity, writes Journal of Commerce Executive Editor Mark Szakonyi.
'Sentiment' sours as investors punish Zim shares for second straight day Caution is the word as market worries about what's next if Red Sea attacks subside
Industry pays tribute to 'selfless' charity champion Tim Webb BRS broker dies after stepping down from key role at hospital ship charity
From pirate victim to pirate vessel? Navibulgar ship on the prowl in Indian Ocean Ambrey has information that Somali pirates may have converted a bulker to serve their own purposes
US in 'secret talks with Iran to end Red Sea attacks' Officials press Iran to use its influence with Houthi rebels to end attacks
'Global trade is under attack' from a 'new generation' of hijackers, warns Norden's Jan Rindbo Danish boss believes Somali pirates may have been encouraged by the success of Houthi's Red Sea attacks
Insurance specialists blend best of Scandi and London models Famous broker's son plans to develop a diverse and innovative London-based insurance platform for shipowners
US presses Panama over tankers hauling Iranian crude US deputy special envoy Abram Paley says meeting in Panama part of efforts to enforce sanctions targeting Iran
Norden open to LR tanker expansion, chief executive Jan Rindbo says Moving up in size from MR vessels would be natural but nothing is imminent, Danish boss explains
Rolf Habben Jansen: 'Lives are more important than seven days extra transit time' Hapag-Lloyd boss laud's sectors approach to the Red Sea crisis but warns of challenges ahead
Svitzer team 'super-excited' about Copenhagen listing Split from parent Maersk is energising the group as it tackles decarbonisation
US LNG project permitting pause could cut newbuilding demand, Poten says But overall fallout for shipping unlikely to be 'as drastic' as first feared
d'Amico International boosts dividend further on record annual profit Italy's only listed shipping company announced its third payout since April
Braemar global tankers head David Collins makes shock exit from brokerage Familiar VLCC broker follows colleague Nick Edwards as shop loses top two names on crude desk
Moving on from Maersk: Svitzer boss Kasper Nilaus tells of going it alone as listing looms Danish executive wants to expand geographical reach, but there will be no revolution in its operations
'More fun than counting my money': Tycoon Clive Palmer launches second Titanic II newbuilding bid Mining magnate and politician planning replica of world's most famous ocean liner
London's non-dom shipowners mull options as UK tax rules tighten Family trusts are now probably more important for the UK capital's maritime cluster
Greek owner Target Marine reshapes bulker fleet with repeat sales at profitable levels Comninos family's bulker arm is linked to three profitable ship disposals this year
Shell: Demand for LNG and liquefied biomethane as marine fuels set to grow Oil major sees 'challenges' with both methanol and ammonia
Red Sea crisis boosting global oil demand as ships seek safer, longer routes International Energy Agency boosts global oil demand forecast owing to increased demand for bunkers
'No contact' from pirates over hijacked bulker despite $5m ransom rumours Families of seafarers reportedly reveal figure demanded by Somali hijackers
Newcomer doubles up on LNG newbuildings at Dalian Shipbuilding Industry Vessels will be fixed out to China Gas Holdings subsidiary for 20 years
Navigator Gas rides higher rates to bigger fourth-quarter profit LPG carrier owner says ethylene ships hit $1.4m per month
Critical Solstad Offshore investor departs after controversial refinancing deal US shareholder Pointillist Partners supported Kistefos lawsuit push
Hapag-Lloyd fears further profit drop in 2024 amid 'volatile' environment German liner will focus on 'quality and sustainability' as it prepares for alliance with AP Moller-Maersk
US judge kicks out US investor bid to derail CMB takeover of Euronav Saverys family's mandatory offer will now complete as scheduled on Friday
Tim Jones was happily retired and running a French truck stop. Then his phone rang Retirement for former BRS boss has gone from running a truck stop to now running Neu Shipping - and there's never a dull moment
NYK strengthens ties with Astomos Energy through joint ownership of new VLGC Japanese companies reunite on vessel owning for the first time in 21 years
US will take a 'hard look' at union petition on Chinese shipbuilding, Biden says Concerns, too, about risks to global supply chains from China's practices in other maritime sectors
Biden says US will take a 'hard look' a union petition on Chinese shipbuilding US also expresses concerns about risks to global supply chains from China's practices in other maritime sectors
Georgia invests $6M in Port of Brunswick improvement project Georgia is paying $6 million toward a $17.45 million Port of Brunswick harbor improvement project, which includes more warehousing and roll-on/roll-off storage.
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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