Port NOLA CEO Brandy Christian stepping down Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans (and as CEO of its New Orleans Public Belt Railroad unit) in mid June to pursue
Silver Ships delivers first four in new coastal fast response boat series Theodore, Ala., based Silver Ships has completed the construction and delivery of the first four coastal fast response boats (CFRBss) being built under a $6.12 million, seven-boat Naval Sea Systems Command contract
Avoiding shortages during the supply process Optimizing your supply chain to avoid material shortages is critical for the smooth operation of your business. Material shortages can lead to production delays, increased costs, unhappy customers, and ultimately, loss of revenue. By implementing certain improvements in your supply chain management, you can mitigate the risk of material shortages and ensure the uninterrupted flow of materials to
Dali to be moved after bridge wreckage blown up Dali, the container ship that has been stranded under the wreckage of the collapsed Francis Scott Key Bridge in Baltimore port, could be relocated after part of the fallen bridge was blown up in controlled explosions after 5 pm local time on 13 May. Baltimore authorities decided to use explosives to remove the wreckage after discovering the body of the sixth and last construction worker who died
HMM and SM Line cooperate on Transpacific lane amid alliance shuffle South Korean liner operators HMM and SM Line are working together on long-haul routes for the first time. On 13 May, SM Line said that each carrier will take 300 TEU on each other's Asia-US West Coast services, starting in June. HMM will take slots on SM Line's CPX (China Pacific Express) which calls at Qingdao, Shanghai, Ningbo, Busan, Incheon, Gwangyang, Los Angeles, Oakland, Long Beach, and Po
Maersk opens new Cross Dock facility in Europe A.P. Moller - Maersk has inaugurated a specialized Cross Dock warehouse in Rotterdam on its Maasvlakte II terminal. Maersk expects the warehouse to accelerate the flow of cargo significantly from arrival on a vessel to the point of sale - especially in the Benelux, German and French hinterland. After discharging containers from an arriving vessel, the products can be unpacked, transloaded to conv
Hamburg expands shore-side power supply to container ships Hamburg is a European pioneer in shore-side power supply, and after several years of successfully supplying cruise ships in the Port of Hamburg with shore-side power, the technology is now also being used for cargo ships. This makes the Port of Hamburg the first port in Europe to offer shore power for both container and cruise ships. CMA CGM's Vasco de Gama became the first container ship to be r
Market panic triggers sharp rate surge According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight Index (SCFI) to its highest level since September 2022, rising by 18.8% after last week's holiday break to hit a 20-month high. Unlike the surge in January, when the rate hikes were largely limited to the Red Sea-affected
CMA CGM introduces new peak season surcharges from China to Africa Marseille-based box line CMA CGM will apply new peak season surcharges in the next few days for shipments from China to African destinations. CMA CGM announced a peak season surcharge (PSS) of US$1,500 per TEU for dry containers shipped from North, Central and South China to Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde and Sao Tome & Principe. The surcharg
Ports of Barcelona and Shanghai collaborate on innovation and decarbonization projects The ports of Barcelona and Shanghai signed an agreement to explore opportunities for collaboration in innovative projects aiming to exchange knowledge in the port, maritime and logistics fields, roll out innovative projects, and proceed with shipping decarbonization. The agreement recalls that ports are a vital component in world trade and they must collaborate to develop efficient and resilient
Port of Antwerp-Bruges unveils world's first methanol-powered tugboat Port of Antwerp-Bruges presented the first tugboat running on methanol, namely Methatug. This tugboat is part of a greening programme for the Belgian port's fleet and an important step in the transition to a climate-neutral port by 2050. So far, the Hydrotug 1, the first tugboat to run on hydrogen, and energy-efficient RSD tugboats have already been added to the fleet. Another electrically-powere
CMA CGM implements new rates from Indian Subcontinent to North Europe French ocean carrier CMA CGM has announced updated Freight All Kinds (FAK) rates, which will be effective from 1 June. The new rates will apply to shipments from the Indian Subcontinent to North Europe for dry cargo. To North Europe Amount in US$ per 20' Amount in US$ per 40' From North West India US$3,550 US$3,650 From Pakistan US$3,400 US$3,650 From South East India US$3,300 US$3,500 From Sri L
Consortium to build scalable quantum internet connection in Rotterdam port As part of the Quantum Delta NL programme, a consortium of the Port of Rotterdam Authority, Q*Bird, Single Quantum, Cisco, Eurofiber, Portbase, Intermax and InnovationQuarter became the first in the world to build a scalable quantum internet connection in the port of Rotterdam. A trial setup demonstrated that the use of quantum technology prevents access to sensitive information. In the future, i
HMM reports strong first quarter financial results South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in revenue in the first three months of 2024, translating to a 12% growth from the same period last year. Additionally, HMM saw its Q1 net profit climb 63% to US$350 million and Q1 operating profit rise 33% to US$300 million. The prelimi
Odfjell Technology wins COSL Drilling contract Odfjell Technology has won a contract worth around NOK160m ($14.8m) to provide tubular running services for COSL Drilling Europe. The contract will run for three years and comes with the option for two additional one-year periods, the Oslo-listed spinoff of Odfjell Drilling said in a regulatory filing. "This contract further strengthens our long-standing relationship with ...
Navios Partners snaps up chartered kamsarmaxes Angeliki Frangou's Navios Maritime Partners has taken ownership of four chartered-in kamsarmax bulk carriers. The New York-listed company said it has exercised purchase options on the 2015-built 80,994 dwt Navios Amber, the 2016-built 84,904 dwt Navios Coral and the 2017-built 81,630 dwt Navios Citrine and Navios Dolphin. The move is costing the diversified owner and operator ...
SFL bags Maersk charter deals John Fredriksen's SFL Corporation has bagged new contracts and extensions for its boxships from Maersk. The New York-listed company said Tuesday it had agreed five-year charters with the Danish liner for three 10,600 teu vessels until the middle of 2030, adding about $210m to its charter backlog. The ships that match the capacity Maersk has ...
Woodside Energy taps TechnipFMC for work on Xena well off Australia Offshore contracting giant TechnipFMC has been awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract by Woodside Energy in Australia. TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena infill well to support ongoing production from the Pluto LNG Project. The award follows an integrated
ESL Shipping to be brought under new corporate arm Finnish conglomerate Aspo has announced a restructuring which will see its shipping brand, ESL Shipping, folded into a new company. Aspo is to establish two separate companies: Aspo Compounder and Aspo Infra with the shipping division due to go into the latter brand. The approach and timing of the transformation are to be defined with ...
'Shipping is really about pricing risk': Agri-commodities session at Geneva Dry Handling risk formed much of the discussion during the agri-commodities session at Geneva Dry earlier this month, moderated by Maryana Yarmolenko Stober, associate general counsel at grains giant ADM and president of WISTA Switzerland. Kicking off proceedings, Alex Haubert, former head of ocean freight at Brazilian soybean giant Amaggi, quoted from a book penned by ...
Schedule unveiled for world's first biomass-fuelled ship Japanese shipping line Nippon Yusen Kaisha (NYK) has signed an agreement together with NYK Bulk & Projects Carriers, compatriot shipbuilder Tsuneishi and British utility Drax to develop the world's first biomass-fuelled vessel by the end of this decade. A memorandum of understanding, signed at the British Embassy in Tokyo, will see the companies initially look ...
Sea1 Offshore scores first vessel charter after name change Norwegian offshore vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured a medium-term contract for one of its anchor handler vessels. The company said in an Oslo Bors filing that the contract was awarded to the Siem Emerald AHTS for work in South America. The contract is for 200 days firm with options ...
Haventus gets $125m loan to redevelop Scottish port as offshore wind hub Energy transition facilities provider and the owner of Ardersier Port east of Inverness, Haventus, has secured a £100m ($125m) joint credit facility to turn the port into a major hub for deploying fixed and floating offshore wind turbines. The loan was provided by the Scottish National Investment Bank and the UK Infrastructure Bank with a ...
Investment firm makes takeover bid for renewables developer OX2 Stockholm-based renewable energy developer OX2 has received a bid for the acquisition of the firm from investment company EQT Infrastructure VI. EQT Infrastructure VI, through Otello BidCo, proposed to shareholders of OX2 to transfer all their shares in the company to Otello at a price of Skr60 or $5.50 in cash per share, which values ...
NS United makes methanol newcastlemax newbuild move Japanese owner NS United Kaiun Kaisha has struck a deal with Nihon Shipyard, a joint venture between Imabari Shipbuilding and Japan Marine United, for the construction of a methanol dual-fuel newcastlemax bulk carrier. The Tokyo-based bulker giant said the 209,000 dwt vessel would be a next-generation environment-friendly vessel delivered to ship raw materials in Japan ...
Spring Marine nets millions from ship sales Greece's Spring Marine has made headlines in broker reports across the globe this past week not for the price achieved but for asset appreciation. The 28-ship strong tanker and bulker outfit is widely reported trying to sell both in wet and dry, with the 15-year-old Korean-built Bolero, a 50,000 dwt tanker, notably selling for just ...
Trump threatens to end offshore wind developments 'on day one' On one of his stops on the campaign trail, former US president and the presumptive Republican nominee for the upcoming election, Donald Trump, said that he would issue an executive order specifically targeting offshore wind if he wins a second term in office. During a rally in Wildwood, New Jersey, Trump fired a salvo on ...
Baltimore officials confident of removing stricken Dali this week Explosive charges were detonated yesterday afternoon to bring down sections of the collapsed Francis Scott Key Bridge resting on the containership Dali with officials now hopeful that they will be able to remove the stricken vessel later this week. The Dali, managed by Synergy and on charter to Maersk, lost power on March 26 and ...
India takes 10-year concession at Iranian port India's shipping minister, Sarbananda Sonowal, was in Iran yesterday for the official signing of a 10-year contract to jointly run Chabahar port, a giant complex that has been on the drawing board for more than a decade. At the event, Sonowal's Iranian counterpart, Mehrdad Bazrpash, hinted that the two countries could reestablish a joint venture ...
Bulgarian owner hits back at ITF 'ship of shame' claims The Bulgarian owners of the Eleen Sofia have hit back in a spat with the International Transport Workers Federation (ITF) in Australia. The 2008-built bulk carrier made headlines a week ago with its owner, Eleen Marine, accused of poor maintenance and unbearable living conditions onboard. Eleen Marine has claimed that the ITF has been used ...
Australia to ban seaborne livestock exports in 2028 Australia will ban the live export of sheep by sea from May 2028 following a series of disastrous headlines involving livestock carriers. Livestock numbers by sea from Australia have been on a steady decline for many years. Data from Canberra shows Australia exported approximately 652,000 sheep by sea in 2022-23, compared to 5.92m sheep 20 ...
The price of Navios and the pure play vs. diversified fleet debate The price of Navios Partners' common units has been catalysed in 2024 by equity purchases of CEO Angeliki Frangou, not...
Resurgent US-China trade tiff could bring more pain to ocean shipping US President Joe Biden announced new tariffs on $18bn of Chinese goods, ranging from electric vehicles to ship-to-shore cranes. China...
Navios Maritime Partners books its strongest-ever first quarter Result boosted by political and economic context, Frangou admits
Weaker VLSFO demand weighed on Singapore bunkers in April HSFO demand was broadly unchanged on the back of the rising number of scrubber-installed vessels
Shipping companies hesitant to prepare for unclear FuelEU The Royal Belgian Shipowners' Association wants legal ambiguities in the FuelEU Maritime regulation resolved, warning of uncertainty and contractual risks...
India's port deal with Iran could provoke US sanctions A 10-year deal worth $370m to develop Iran's southeastern port of Chabahar with Indian backing has already raised concerns in...
DFDS ups electric Channel ferry ambitions as challenges ashore remain British Ports Association policy director Mark Simmonds called it 'brilliant news', but added that ports needed government help on shoreside...
MISC, Petronas and MOL form joint venture to develop LCO2 carriers Japan considers Malaysia a viable CO2 storage site as it strives to achieve carbon neutrality by 2050
WTW launches Markel-led Ukraine cargo insurance facility Scheme to operate in partnership with Ukrainian insurer VUSO
Australia bans live sheep exports from 2028 The Australian government planned to ban live sheep exports by sea in 2022. Debate has raged for years between animal...
Daily Briefing FuelEU regulation set for 'chaotic birth', lawyers warn | Palau defends actions in Dubai tug operator abandonments | Emissions reporting...
Trans-Pacific carriers slashing NVO allocations as spot rates spike Trans-Pacific carriers are restricting forwarders' access to fixed "named-account" rates and pushing bookings to the much higher spot market pricing.
Gap between US LTL, truckload pricing growing Average US truckload pricing has hardly risen since last June, while less-than-truckload costs continue to climb due to tighter capacity.
Maersk's new Rotterdam cross-dock speeds integrator offerings Containers offloaded from ships calling at APM Terminal's Maasvlakte II terminal can be palletized and in trucks "within hours," thanks to a new cross-dock warehouse, according to the Maersk's new head of northern Europe.
Post-pandemic inventory hangover hindering US alcohol imports After a two-year binge that left inventories bloated, demand for imported wine, beer and spirits dried up in 2023.
Pavimar preps New York IPO for bulker spin-off Icon Energy Ismini Panagiotidi prepares to join brother and father as leader of a US-listed shipowner
DHT Holdings reports in-line earnings, scoring VLCC spot rates above its peers Tanker owner is reporting slightly weaker fixtures into the current quarter
Fincantieri's offshore and equipment growth offsets dip in traditional shipbuilding Shipbuilder lifts backlog to €39.3bn during first quarter
NYK and Tsuneishi working on world's first biomass-fuelled vessel 'Bioship' project also involves Drax Group in the UK
Oil company bids to build $2.5bn 'dead cow' crude pipeline to boost tanker exports Argentinian producer YPF moving forward with project to ship out Vaca Muerta shale oil
CMA CGM pays short-term charter premium as container ship supply dries up French line pays $80,000 per day as charter rates veer towards last year's highs
Oil major bids to build $2.5bn 'dead cow' crude pipeline to boost tanker exports Argentinian producer YPF moving forward with project to ship out Vaca Muerta shale oil
Genco Shipping reveals George Economou share cash-out ahead of proxy vote Magnate has now sold 52% of his peak holding at $7m profit ahead of key shareholder vote
Klaveness Combination Carriers raises $28m through bond tap issue Shipowner says transaction was significantly oversubscribed
Navios Partners buys chartered-in bulkers as shipowner sees bumper quarterly profit Chief executive Angeliki Frangou hails robust first-quarter performance but urges caution
Five to stand trial in Greece over claims of 'deliberate' tanker spill scam Prosecutors believe the Agia Zoni II was sunk deliberately and the tanks opened to discharge oil into the sea
Tankers International sounds alarm over shadow VLCC dry-dockings Pools operator says safety and environmental questions are being raised by prolonging the life of older vessels
Start of Panama rainy season heralds unwinding of canal disruptions Weather means water levels will rise and with them transits, analysts say
John Fredriksen's SFL sees bottom line jump as charter revenues rise Leasing company boasts ship acquisitions as charter backlog rises
Five stand trial in Greece over claims of 'deliberate' tanker spill scam Prosecutors believe the Agia Zoni II was sunk deliberately and the tanks opened to discharge oil into the sea
Pelagic Partners says investing model 'robust' as returns hit 21% Cypriot shipowner reveals details of latest dividend from Pelagic Fund I
DFDS commits €1bn for electric vessels on English Channel route Danish giant underlines 'unwavering commitment' to decarbonising English Channel operations
Seaspan buying back four container ships for $222m as profit soars Earnings boosted by new deliveries at huge tonnage provider
NS United inks order for methanol-fuelled newcastlemax bulker in Japan Dual-fuel vessel will be delivered in 2027
What next for ESL Shipping? Parent owner mulls options from listing to full sale Finnish group is reorganising its divisions, with demergers or sales considered
HMM shakes off failed privatisation as profits rebound Liner giant benefits from rising container freight rates amid market uncertainty
Sanctions strain forces Gazprom to deploy floating storage for Russian LNG exports The Marshal Vasilevskiy is underway in the English Channel after loading from Portovaya
Andy Dacy runs JP Morgan's 140-strong fleet with the intensity of a shipowner not just a banker US bank's shipping supremo explains his strategy on chartering and newbuildings
ONE is highest-placed shipowner in best Singapore employer survey Three liner companies feature in annual insight into workplace happiness
What next for ESL Shipping as parent owner mulls options from listing to full sale Helsinki-listed group reorganising its divisions, with demergers or sales considered
Trader Itochu becomes second Japanese bulker owner to order at China's New Dayang Chinese shipyard makes inroads into Japan's shipping market after a five-year campaign
Pertamina fixes out brand new gas carrier pair to Greek-backed SwissChemGas Indonesian giant has quietly built up its VLGC fleet with newbuilding resales from Avance Gas and Evalend Shipping
Controlled blasts aim to free stricken boxship from Baltimore bridge wreckage US authorities hope to move container ship this week to reopen all shipping lanes
Sovcomflot switches sanctioned tankers away from Indian class after flag change Twelve vessels transferred to Russian Register of Ships
Metrostar newbuilding fixed to expanding tanker operator for a year The Metro Ionian is sixth vessel to join tanker operator's fleet over three months
Klaveness Combination Carriers mandates four banks to tap $46m sustainability-linked bond Shipowner says proceeds to be used for general corporate purposes, which may also include debt refinancing
Hafnia and KGJS back insurance maritime start-up in $1m fundraiser UK-based company already claims to have saved one major owner a big discount on its premiums
Elite Tankship in expansion mode as it fixes Metrostar newbuilding for 12 months Metro Ionian is sixth vessel to Asset-lite tanker operator's fleet over three-month period
Trader Itochu becomes second Japanese bulk carrier owner to order at China's New Dayang Chinese shipyard makes inroads into Japan's shipping market after a five-year campaign
Port of New Orleans President and CEO Brandy Christian stepping down Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans, a role she has held since 2017.
Airfreight rides e-commerce to surprise growth in May The air cargo market is maintaining momentum despite entering the slow season, thanks to strong demand for e-commerce and e-cigarettes out of China and a mode shift tied to the Suez Canal cutoff.
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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