Salvage of grounded MV Ultra Galaxy underway in South Africa Work on extracting contents onboard a grounded Panama-flagged general cargo vessel, the MV Ultra Galaxy, now virtually beached almost on its side, in a remote coastal area of the Western Cape, South
Baleària's Margarita Salas LNG-fueled fast ferry enters service Following sea trials and the vessel's positioning voyage from shipbuilder Astilleros Armon, Spanish ferry operator Baleària this week put its second 1,200 passenger/425 vehicle, LNG dual-fueled fast ferry, the Margarita Salas, into
Canadian shipyards hail ICE Pact The two Canadian shipyards building heavy polar icebreakers for the Canadian Coast Guard, Seaspan Shipyards and Chantier Davie, have welcomed the trilateral ICE Pact announced yesterday by the governments of the U.S.,
VIDEO: New ProZero tour boat goes to work in Greenland Greenland-based tour operator Albatros Arctic Circle has just taken delivery of a brand new ProZero 13.5 meter Arctic Workboat from Faarborg, Denmark, headquartered Tuco Marine / ProZero Workboats. Built on the proven
California backs POLB's Supply Chain Information Highway The Port of Long Beach's comprehensive digital platform, the Supply Chain Information Highway, designed to expedite cargo deliveries nationwide, is receiving significant funding from the administation of Governor of California Gavin Newsom. The Governor's Office of Business and Economic Development (GO-Biz) has announced a US$7.8 million grant for the port's data system. This funding will support
Wärtsilä simulators to aid Wavelink Maritime Institute in sustainable fuel training Wärtsilä has provided its latest dual-fuel engine simulator technology to Wavelink Maritime Institute (WMI), the training division of the Singapore Maritime Officer's Union (SMOU). These navigational and technological simulators are key components of the newly inaugurated WMI simulation suite, launched by Grace FU Hai Yien, Minister for Sustainability and the Environment and Minister-in-charge of
Maersk Air Cargo becomes first Danish airline with Boeing 777 Maersk Air Cargo (MAC), operating under A.P. Moller-Maersk, received its first of two new Boeing 777F aircraft, marking a historic milestone as the first Danish airline to own a Boeing 777. The handover ceremony took place at Boeing's headquarters in Seattle, US. The arrival of Maersk's inaugural Boeing 777F at its home base in Billund, Denmark is scheduled for Saturday 13 July. This acquisition
NCL backs ammonia power with vessel orders Norwegian regional operator North Sea Container Lines (NCL), which already ordered an ammonia powered vessel at the end of last year, has ordered a ground-breaking ship that uses new ammonia-cracking technology to power its latest newbuilding. The company has ordered a 300 TEU vessel which will be powered by a hydrogen fuel cell, with the gas derived from an Amogy designed ammonia cracker that us
APM Terminals Mumbai shifts to 80% renewable electricity APM Terminals Mumbai (GTI) has transitioned to 80% renewable electricity this month by commissioning a 10.65 MW captive solar power plant under a Power Purchase Agreement (PPA) with O2 Power. This significant step marks a substantial advancement in GTI's journey toward operating as a renewable-energy-powered container terminal. The captive solar plant is expected to produce over 21 GWh of electri
Port of Klaipeda plans new cruise ship terminal Screening procedures to evaluate the potential environmental impacts have been completed as the Port of Klaipeda plans to build a new cruise ship terminal in the city centre. The Environmental Protection Agency has determined that an environmental impact assessment is not necessary for this project. The procurement process for the contract works is currently underway, and the implementation phase
Seaboard Marine orders 1,000 reefer boxes from Maersk Container Industry Seaboard Marine ordered 1,000 Star Cool Integrated Reefers from Maersk Container Industry (MCI), including a portion of units equipped with Star Cool CA (Controlled Atmosphere). This order, which is facilitated through leasing company Global Container International (GCI), includes MCI's Sekstant reefer monitoring. Sekstant provides real-time monitoring and control of the reefer containers and uni
Norfolk Southern launches PPP team to drive infrastructure and operational improvements Norfolk Southern has recently introduced a Public-Private Partnership (PPP) team comprising representatives from key strategic departments. This newly formed PPP team aims to optimize the use of federal and state funding by collaborating with public partners to improve safety, operational efficiency, and infrastructure across its 22-state network. The team includes Strategic Planning, Government
La Spezia Container Terminal to handle first 21,000 TEU vessel The 21,000 TEU container ship OOCL Indonesia is expected to arrive at the La Spezia Container Terminal in the next days, marking a new milestone for the Italian box terminal. Following an upgrade process initiated earlier this year, the Contship Group's Gateway terminal is all set to receive OOCL's Ultra Large Container Vessels (ULCV), as part of the Asia-West Mediterranean service (WM1 MEX2 AEM1
IRS managing director retires after 34 years The Indian Register of Shipping (IRS), an international ship classification society providing ship classification and certification, announces the retirement of Vijay Arora, managing director, following 34 years of service. Arora retired from his position on 30 June 2024. During his tenure, Arora made significant contributions to the organization, demonstrating exceptional vision and commitment.
Port of Corpus Christi appoints new Chief Operating Officer The Port of Corpus Christi has announced Kyle Hogan as the incoming Chief Operating Officer, succeeding Clark Robertson, who will retire on 3 September 2024. Hogan most recently served as commander of the Corpus Christi Army Depot. His distinguished military career spans three decades, including 15 years with the 160th Special Operations Aviation Regiment (SOAR) Airborne. "I am honoured to begin
Saipem seals new BP deal in Azerbaijan Italian offshore engineering and construction giant Saipem has, together with its consortium partners, inked a framework deal with BP for offshore projects in Azerbaijan. The deal, involving Saipem Contracting Netherlands, BOS Shelf and BOS Shelf International, covers work in the Azerbaijani waters of the Caspian Sea utilising the Shah Deniz consortium-owned subsea construction vessel Khankendi.
Salvage of grounded Ultrabulk vessel underway Work has begun on salvaging contents from the Ultrabulk-managed general cargo vessel Ultra Galaxy grounded in a remote coastal area northwest of Cape Town, South Africa. The vessel is almost fully beached on its side in a remote coastal area known as Duiwegat, dominated by a patchy, rocky landscape with stretches of sandy beaches. The ...
Greeks pounce on MR newbuild slots Greek interest in newbuild MR tanker tonnage continues strong, with fresh orders tipped to be coming from the Vafias family and Monte Nero Maritime. Shipbroking sources report Harry Vafias-backed outfit Brave Maritime securing two newbuilds in a $108m deal recently revealed at Hyundai Mipo Dockyard in South Korea. The Vafias Group's return to the yard ...
Rising costs and market disruption bring inventory management back into focus Lack of visibility on spare parts means vessel operators are wasting money onboard and ashore, writes Gurinder Singh, director of solutions engineering at ABS Wavesight. Global shipping markets are booming as a combination of market drivers and geopolitics conspires to push the maritime industry to the limits of its operational capacity. Trade lane disruption, vessel ...
MISC lines up deal for LNG carrier newbuilds in South Korea Malaysia's top shipping line, MISC, has set out to order more LNG ships, with newbuilding slots reportedly reserved in South Korea. South Korean shipbuilding sources have linked Samsung Heavy Industries and MISC to a letter of intent for two 174,000 cu m units and a potential deal estimated at $511m. Further details have not been ...
Kerala transhipment hub welcomes first Maersk vessel The Indian ports scene has entered a new, more sophisticated era with the call of the 300 m long, 8,700 teu San Fernando ship operated by Maersk. The ship is moored at the brand new Vizhinjam Port in Kerala in the far southwest of the country, a facility Adani Ports aims to make a top ...
SSY picks Fearnley man for offshore subsea project manager role London-based shipbroker SSY has appointed former Fearnley Offshore Supply man Martin Hestnes to the newly created role of offshore subsea and projects manager. Based in Dubai, Hestnes (pictured above) will work alongside the head of offshore Frank Holck and the wider team to further expand SSY's presence in the Subsea space. He will start his ...
US, Canada and Finland sign ICE Pact On the sidelines of this week's NATO summit in Washington DC, the US, Canada and Finland have agreed to work together to build more polar icebreakers. The so-called ICE Pact - which stands for Icebreaker Collaboration Effort - is a potential sizeable bonus for many shipyards in North America and Scandinavia and comes at a ...
Diana Shipping finds work for panamax bulker with Cargill New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Cargill for one of its panamax dry bulk vessels. Cargill hired the 2014-built, 77,539 dwt ice-class bulker Atalandi. The gross charter rate is $14,600 per day, minus a 4.75% commission paid to third parties, for a period until a minimum ...
US sued over delayed decom of offshore oil infrastructure The Center for Biological Diversity, a US nonprofit, has sued the Interior Department for what it claims is an ongoing failure to examine the damage done by delayed decommissioning of offshore oil and gas infrastructure. The lawsuit, filed in federal district court in Washington, D.C., said that federal agencies have violated the National Environmental Policy ...
Scrapped wind project off New Jersey rebid in upcoming solicitation round Germany-based RWE and New York-based National Grid will try again to push through the Community Offshore Wind project after it was scrapped by US authorities from New Jersey's third solicitation round. The partnership submitted the bid for Community Offshore Wind on Wednesday. If it goes through in the upcoming solicitation round and is built according ...
Seized suezmax leaves Iranian waters after 441 days The Advantage Sweet, a suezmax tanker apprehended by the Iranian military in April 2023, is on the move. VesselFinder data shows the ship departed Iranian waters yesterday and is currently heading south into the Arabian Sea. The ship, owned by a Chinese leasing company, was on charter to Chevron when it was abducted 442 days ...
FMC wants Maersk, Hapag-Lloyd to provide more details on Gemini alliance The US maritime regulator said the initial information the two carriers filed with the agency about the operational partnership "lacks sufficient detail to allow for a complete analysis of its potential competitive impacts."
MSC returns to vehicle carrier market after $698 million Gram Car Carriers takeover The deal marks MSC's return to the booming car carrier market that it exited in March 2023 when it sold its two vehicle carriers to focus on transporting vehicles in containers.
ONE becomes latest carrier to add capacity to Asia-Mexico lane The liner follows MSC, Cosco and CMA CGM in rolling out new services that cater to the growing container trade between China and Mexico.
Maersk's new Boeing freighter flies into China-Europe service The carrier wants a third of its air cargo volume to be handled within an owned and controlled network as part of its integrated logistics strategy.
Slync founder Kirchner gets 20-year prison sentence for misuse of funds The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022.
South Africa focuses on removing cargo and fuel from stricken Ultra Galaxy Suspicion points to cargo liquefaction causing vessel's list
Greece's Panayotides family returns to US capital markets with one-ship IPO listing Maxim Group-led effort sees Icon Energy raise $5m on the back of an 18-year-old bulker
Wavelength podcast: Crowley settles, Ultra Galaxy grounding and Houthis go for swarm attacks Crowley settles sex trafficking case, South Africa authorities focus on containment of stricken vessel
Amnesty International urges shipping to 'withdraw completely' from sanctioned Myanmar trades Human rights group claims jet fuel could have been used in attacks on civilians
Sinochem halts Canadian tanker shipments after refinery closures Oil from TMX pipeline will be heading elsewhere for the time being
Container ship freight rates snap 13-week winning run as cracks appear Spot rates from Asia to the US West Coast start to fall
New small-scale LNG initiative to transport liquefied gas to China AG&P LNG and BK LNG team up on Chinese small-scale gas project
Shipping urged to 'withdraw completely' from sanctioned Myanmar trades Human rights group claims jet fuel could have been used in attacks on civilians
BW shores up grip on director picks after Hafnia US listing Tanker owner signs shareholder rights agreement with its parent following New York debut
Swarming sea drones herald new phase of Houthi attacks on shipping Greek-owned bulker sunk last month after a reported sea drone attack using a tactic learned during Yemen's long war
Malaysia's MISC linked to purchase of major stake in local FPSO rival But analysts say there is a lack of financial synergies from the non-floater segments
Gunvor clinches $1.32bn green loan linked to cutting shipping emissions Oversubscribed refinancing involves lenders old and new, trader says
'Disappointing start': BW LPG shares hit hard as Pareto cuts rating on VLGC giant Singapore VLGC owner falls as much as 7.3% in Oslo
SCI shares spike on reports of VLCC newbuilding joint venture with refiner IOC Indian state shipowner says media claims are 'rumours'
Iran releases Chevron-chartered tanker after 15-month ordeal Chevron-chartered suezmax heading for Oman following long detention
Diana Shipping beats the market with panamax time charter to Cargill Greek owner inks another deal showing how bulker rates have strengthened this year
New small-scale LNG initiative to transport liquified gas to China AG&P LNG and BK LNG team up on Chinese small-scale gas project
Two missiles target ship in latest Houthi attack in Red Sea Vessel and crew are believed to be unharmed
Iran releases Chevron-chartered tanker seized with $51m crude cargo 15 months ago Chevron-chartered suezmax heading for Oman following long detention
A $200m shipping hedge fund digests Red Sea hostilities as 'multi-year upcycle' unfolds Albemarle Shipping Fund has returned 25.2% this year
Bad weather hampers salvage efforts for Ultrabulk ship off South Africa Technical manager of stricken MPP vessel says there are no reports of any pollution
Hyundai Samho upgrades facility to meet rising newbuilding demand Mokpo shipyard has extended its berthing capacity by 28.6%
Bad weather hampers Ultra Galaxy salvage efforts off South Africa Technical manager of stricken MPP vessel says that so far there are no reports of any pollution
Malaysia's MISC linked to purchase of major stake in local FPSO rival But analysts say there is a lack of financial synergies from the non-floater segments
Maersk Air Cargo receives first 777 freighter aircraft Maersk Air Cargo will operate its first Boeing 777 freighter between Denmark and China.
Avianca Cargo, AeroUnion launch fleet upgrade with A330 freighter Avianca Cargo is replacing the fleet of its Mexican partner with Airbus A330 freighters.
FreightTech Friday: p44 offers eBOLs for all LTL shipments This week: p44 offers eBOLs on all LTL shipments, ODeX moves into Singapore, Goodyear offers Tires-as-a-Service and AutoScheduler.AI raises funds.
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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