VIDEO: First of new Windcat Elevation hydrogen-powered CSOVs launches Damen Shipyards, Windcat and CMB.TECH have held a ceremony celebrating the launch of the first of six Windcat Elevation Series of future-proof offshore wind farm Commissioning Service Operation Vessels (CSOVs). The launch
RightShip updates age trigger for vessel inspections RightShip, the digital maritime platform providing expertise in safety, sustainability and social responsibility practices, announced a change in its vessel inspection age trigger. In response to evolving market conditions and continuing safety risks in the dry bulk and general cargo sectors, RightShip will implement a phased approach to require inspections of vessels at an earlier age. This chan
Arctic route could emerge as strategic alternative option s the pace of climate change hastens the thawing of Arctic ice, navigational paths like the Northern Sea Route (NSR) and the Northwest Passage (NWP) are increasingly feasible, introducing both opportunities and challenges. 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 N
Four fire incidents in oil and LPG tankers in Chittagong over two weeks During a two-week period, fires broke out in a total of four oil and LPG-carrying ships in the Chittagong port area, killing four crew members and causing million-worth damages. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Sharar Nayel Asia Correspondent If you liked this post, please consider donating The post appeared first on Container News .
Port of New Orleans secures over US$1 million grant to enhance security and emergency response capabilities The Port of New Orleans (Port NOLA) has received US$1,040,583 in funding from the Federal Emergency Management Agency's (FEMA) Port Security Grant Program. This grant will fund significant physical and technological enhancements, aimed at bolstering the Harbor Police Department's (HPD) surveillance capabilities and providing essential equipment for emergency response. All enhancements are schedul
CMA CGM consolidates inland presence in India ahead of network alliance restructuring Container lines serving Indian trades are rushing to prepare themselves for a wave of ocean network alliance changes. French ocean carrier CMA CGM has opened a new large inland container depot at Mundra Port, as it begins to pursue standalone services. Mundra is the busiest container handler in India. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Jenny Dan
Maersk launches new service dedicated to Tanzania cashew exports Danish ocean carrier Maersk will launch a new seasonal ocean service from Tanzania's Mtwara port to facilitate cashew exports from Tanzania to destination markets in China, India, and Vietnam. The Korosho Express will run between Mtwara and Kenya's major port of Mombasa, according to Maersk's representative, and from Kenya, the cargo will connect to other services to the aforementioned destinatio
APMT to equip Rotterdam's terminal with shore power APM Terminals Maasvlakte II (MVII) has decided to equip its terminal with shore power from 2028, providing cargo vessels with clean energy while in port. In this direction, Maersk's operating arm APM Terminals has signed an agreement with Rotterdam Shore Power, a partnership between the Port of Rotterdam Authority and Eneco. Connecting the vessels to the power grid at APM Terminals MVII will redu
Singapore authorities seize swords in containers Singapore's immigration authorities halted an attempt to smuggle 10 swords in containers. Swords, which are controlled items, require import permits from the Police Licensing Regulatory Department to be brought into Singapore. Immigration and Checkpoints Authority said in a Facebook post on 9 October that 10 swords were found in three different smuggling attempts in August. On 5 August, a metal s
Saudi Ports Authority sees fewer containers in September Saudi Ports Authority (Mawani)-operated ports achieved a 7.82% increase in cargo throughput tonnage during September, reaching 28,097,022 tons. The number of exported containers recorded a 9% growth, reaching 255,606 TEUs, while the number of imported containers rose by 18% to 258,007 TEUs. Additionally, the total general cargo amounted to 975,406 tons, solid bulk cargo to 4,473,019 tons, and liq
HHLA enhances Container Terminal Burchardkai operatios with Konecranes machines Hamburger Hafen und Logistik AG (HHLA) will introduce 116 Li-Ion AGVs from Konecranes in a transition to a fully electric Automated Horizontal Transport System at its Hamburg's Container Terminal Burchardkai (CTB). This largest-ever single order for Konecranes Gottwald AGVs, booked in 2022, is expected to help HHLA become more efficient and reach its carbon neutrality goal by 2040. Deliveries wil
CEVA Logistics, Almajdouie Logistics create new joint venture in Saudi Arabia During the inaugural Global Logistics Forum in Riyadh, Saudi Arabia, CEVA Logistics and Almajdouie Logistics signed an agreement to create a joint venture in the country. First announced in July and subsequently approved by the relevant Saudi authorities, the newly created joint venture, CEVA Almajdouie Logistics, is expected to leverage the strengths of both companies to meet the growing demand
DP World invests US$1.3 billion in London Gateway DP World has announced a GB£1 billion (US$1.3 billion) expansion of London Gateway aiming to make it Britain's largest container port within five years. The global port and terminal operator will increase the capacity of London Gateway's port by building two new shipping berths, taking the total to six berths able to receive the world's largest container vessels. The site will also see a second r
Navigating Seasonal Skin Changes: Summer to Autumn Eventually, the bright summer days give way to the crisp autumn air, and we often fail to notice how much our skin changes with the seasons. It might be challenging for our skin to go from warm, humid air to cooler, drier weather. If you've seen an increase in your skin's unpredictable nature, you're not alone. A tailored approach is necessary to keep your complexion looking healthy and glowing t
Two ships suffer damage in Russian strikes on Ukraine's Odesa port Two more vessels have been damaged in another Russian missile attack on Ukraine's Black Sea port of Odesa. A Belize-flagged 2,700 dwt general cargo ship NS Moon was hit while moored at the port, together with the Palau-flagged 5,800 dwt Optima, which sustained damage in a previous ballistic missile attack last week. One person was ...
DP World spending $1.3bn to turn London Gateway into UK's largest box port within five years DP World is pressing ahead with plans to expand London Gateway into Britain's largest container port within five years with an investment of around £1bn ($1.3bn). The Dubai-based terminal operator said it would increase the capacity of London Gateway's port by building two new shipping berths, taking the total to six berths able to receive ...
Shearwater picks up two survey projects in Asia Pacific Norwegian offshore seismic contractor Shearwater GeoServices has been awarded two consecutive towed streamer survey projects by an undisclosed client in the Asia Pacific region. The projects are expected to start early in the fourth quarter of this year and have a combined duration of 3 months, the Bergen-based said in a release. Shearwater will utilise ...
Hanwha makes improved and final offer for Dyna-Mac South Korean conglomerate Hanwha Group has sent an improved 'take it or leave it' offer to buy all shares it currently does not own in Singapore-based Dyna-Mac. Hanwha Group made the initial offer in September. The company already owns a 25.36% stake in Dyna-Mac most of which it acquired by buying Keppel's 23.91% stake back ...
Major French owners face hefty tax bill as Paris aims to right fiscal ship Facing a large hole in its coffers, the French government has targeted cash-rich shipowners in its latest budget plans. Operating income of shipping companies that elect to use the country's tonnage tax system and whose annual turnover is EUR500m ($546m) or more per year will be hit a 9% tax next year followed by a ...
US sanctions more Iran tankers The United States has tightened up its sanctions on Iran's petroleum and petrochemical sectors in response to Iran's October 1 attack on Israel, its second direct attack on Israel this year. The US Treasury stated that this action intensified financial pressure on Iran, "limiting the regime's ability to earn critical energy revenues to undermine stability ...
Havfram lines up more work for WTIV newbuild Norway's Havfram has inked a reservation agreement with an undisclosed client for one of its newbuild vessels to transport and install next-generation wind turbines. Installation activities are expected to start in the first quarter of 2029, with the project carrying on into 2030, the company said Monday without disclosing further details. Havfram is currently building ...
Yangzijiang drawn into court battle over $900m cancelled contract Singapore-listed Yangzijiang Shipbuilding, China's largest private shipyard, on Saturday revealed it has been involved in arbitration proceedings over a $900m newbuild contract placed in late 2021 that quickly turned sour. Yangzijiang stated in a release that an unspecified customer had placed orders for up to 10 vessels in late 2021 worth $900m, only to cancel ...
Athina Martinou passes away aged 97 Athina Martinou, one of the most prominent figures in Greek shipping for decades, passed away on Friday night at the age of 97 according to an announcement made by the foundation that bears her name. Martinou entered shipping in 1964 and in 1971 she founded the now-shipping giant Thenamaris Ships Management which currently owns almost ...
Barakah Offshore chairman steps down Malaysian oil and gas contractor Barakah Offshore Petroleum announced its independent non-executive chairman Datuk Mohd Zaid Ibrahim has resigned after five years at the helm. Zaid, 73, has stepped down to "take a rest from work", the company said in a bourse filing. Zaid was appointed to the board in October 2019 and does not ...
Spanish shipbuilder tipped to save Harland & Wolff Multiple media outlets across the UK reported over the weekend that Spanish state-owned shipbuilder Navantia is in advanced talks to buy Harland & Wolff, a British yard that has recently gone into administration. The potential sale would be for all four of Harland & Wolff's yards in Belfast, Devon, the Isle of Lewis and Fife. ...
SLB OneSubsea awarded contract in Brazil SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from Petrobras for the Roncador project, offshore of Brazil. As part of the project scope, SLB OneSubsea will provide the full subsea equipment scope, including two production manifolds, one electro-hydraulic distribution unit and additional related services. Much of the ...
RightShip updates age trigger for vessel inspections Risk management platform RightShip has announced a change in its vessel inspection age trigger for the ageing dry bulk and general cargo sectors. Citing "evolving market conditions and continuing safety risks", RightShip explained in a release today it will take a two-phased approach to the new age requirements. From the end of March next year, ...
OMV Petrom taps Green Yard Kleven for field support vessel newbuild Romanian oil and gas producer OMV Petrom has contracted Green Yard Kleven, part of Norway's Green Yard Group, for the construction of an offshore field support vessel that will operate the largest natural gas project in the Romanian Black Sea and the country's first deepwater offshore project under development. The 89.5-m-long newbuild will be delivered ...
Gas carrier blaze off Bangladesh A total of 31 people were rescued after two gas carriers caught fire outside Chittagong port early Sunday. Crewmembers leaped into the sea after an explosion and fire occurred just before 1 am. The explosion and subsequent blaze occurred while LPG was being transferred from the mother vessel, Captain Nicholas, to the 27-year-old lighter vessel ...
Anthony Veder becomes first gas shipowner to install wind tech Very few ship types remain without sampling the possibilities of wind power. Rotterdam-based Anthony Veder has debuted the first gas carrier to feature wind technology. The Coral Patula, an ethylene carrier, now sports two VentoFoils from Dutch compatriot Econowind on its deck. Later this year, sister ship Coral Pearl will be equipped with two similar ...
Temporary US strike resolution 'driven more by political intervention' than 'traditional collective bargaining' 'The solution was driven more by political intervention than it was by a traditional collective-bargaining process, and it is a...
Daily Briefing Cargill: shipping decarbonisation will stall without clear regulation | US broadens Iran targeting as it sanctions dozens of 'ghost fleet'...
Athina Martinou, matriarch of the Martinos shipping clan, dies at 97 One of the most beloved personalities in shipping, Martinou remained a keen hunter and fisherwoman into her 90s and was...
Crediting mechanism could avoid double emission pricing from EU and IMO, says new paper New academic paper analyses potential scenarios of double GHG pricing in the shipping industry amid IMO discussions on a carbon...
The week in charts: Capacity overspill prompts further box rate erosion | Panama Canal sees 29% plunge in transits | Bab el Mandeb and Suez transits hit fresh lows Latest spot prices show persistence of downward trend over the past three months, the Panama Canal saw transits down by...
Russian strikes damage two vessels in Odesa The attacks are the latest in a string of incidents where civilian ships are being struck during broader campaigns against...
Boxship charter rates stay firm despite freight rate falls Weakening freight rates could mean liner operators will adopt a more cautious approach to the chartering of containerships, says Braemar
Cargill: shipping decarbonisation will stall without clear regulation Progress towards scaled decarbonisation of shipping is in danger of stalling more than it already has done if there is...
US corn exports to increase as Russia and Ukraine lose out The report comes as Brazil continues to experience a crippling drought, prompting barge cargoes of grain to halt due to...
Singapore bunker sales remained higher in September Marine fuel sales in Singapore were nearly 3% higher year on year in September, driven by HSFO and MGO
DP World will make London Gateway UK's biggest container port by 2030 Two new berths will be built at the port, which means London Gateway will be able to berth six vessels...
Carriers do not have to check verified gross mass, High Court finds Claimants' case failed on facts, while duty of care to ensure Bills of Lading are not used as instruments of...
The week in newbuildings: energy shipping sectors make up lion's share of orders New orders were dominated by the offshore and tanker segments, while big orders are in the pipeline for Maersk and...
Grimaldi says major ropax orders are on horizon Italy-based owner optimistic about future of car carriers and aims to be 'in pole position' to serve manufacturers
Yangzijiang Shipbuilding to confront arbitration hearing for $835m claims The shipbuilder stated that the claims are 'highly improbable to succeed' and were not expected to have a significant impact...
Chicago cargo theft highlights larger challenges for intermodal container moves A source with knowledge of Friday's incident said the UP train was being interchanged to Norfolk Southern Railway, although it's unclear why the train was stationary in a residential area.
Port Tampa Bay reopens after power restored following hurricane closure The port reopened on Saturday after engineering firm Woolpert performed a survey to check for storm debris in shipping channels.
DP World reverses course, unveils expansion of London Gateway terminal DP World's group chairman and CEO had initially ordered the cancellation of Monday's announcement after being angered by comments made last week by two UK government officials.
Stabilizing MPV rates belie geographical imbalances Healthy demand for "sophisticated" multipurpose vessels is being undercut by a sluggish market for standard MPVs
The boost to VLCCs from Iranian sanctions: Jefferies breaks down the numbers Veteran analyst says it may not be a 'Cosco effect,' but good news nonetheless
Former HSBC executive Gordon French buys $100,000 chunk of Taylor Maritime Investments New director takes a stake in Ed Buttery-led bulker business
A $50trn risk: War game reveals how extreme conflict could hit shipping and snarl global trade Lloyd's of London outlines how much disruption to trade and shipping will cost the global economy
Ed Buttery's TMI ships out handysize bulker as values descend from peak London-listed owner said to have offloaded vessel it bought in the year of its IPO
Sale of nomadic VLCC gives window into shadow fleet valuations Turkish-owned vessel sold for $43.3m in fourth sale within four years
Deadly Russian air strikes damage two merchant ships in Odesa, Ukraine says Six vessels have now been hit since September as Moscow ramps up attacks
JERA linked to long-term period deals with two LNG shipowners Trader also believed to have extended an existing hire with third owner
Wilh Wilhelmsen spends another $19m on Glovis investor Treasure stock as delisting becomes more likely Norwegian maritime group continues to reduce share liquidity at subsidiary
Clarksons reveals the most profitable ship type since 2021. Hint: Not a VLCC Analyst Trevor Crowe crunches the numbers to crown shipping's biggest cash cow
Columbia rejigs crewing operation with new leader and fresh recruits Crewing boss Faouzi Fradi is overseeing a reorganisation at Schoeller-owned group
Maersk chief warns of port 'meltdown' when Suez Canal reopens Executive warns return to Red Sea routing will not happen for some time amid Middle East tensions
Greek shipowner appetite fuelled by falling kamsarmax bulker prices Hellenic players are emerging in a series of secondhand transactions for mid-aged tonnage
Russia revives plan for gas-carrying nuclear submarine for Arctic waters Research institute says vessel could slash Northern Sea Route transit times
Analyst-turned-banker Fotis Giannakoulis quits Fearnleys for ABN Amro He leaves Fearnleys Securities after three years in its investment banking division in New York
LPG carriers go up in flames during suspected dark fleet transshipment operation gone wrong Bangladesh's navy and coast guard appear to have averted disaster
Huge Chinese stimulus package could add $5,000 to capesize rates, says Clarksons Clarksons Securities says uncertainty remains, yet dry bulk volumes are set to rise
DP World unveils $1.3bn plan to upgrade London container port Dubai-based operator shakes off political row and presses ahead with five-year plan
Teekay Corp boosts Teekay Tankers stake with latest $21m share splash Filings show parent has added $50m of stock in tanker company
Ramlosa Shipping set for Stockholm listing after $2.6m share issue fully subscribed Swedish shipowner attracts 600 new shareholders
Yangzijiang Shipbuilding to defend $835m London arbitration claim over cancelled ships Chinese yard group faces two UK actions over 10 vessels worth $900m
Hunter cuts daily VLCC charter losses in September as rates fall again Norwegian investor was still $14,000 behind its charter-in payments last month
Navigator Gas hires banks for $100m bond refinancing in Nordic market Company drafts Arctic, DNB, Clarksons and Fearnleys for five-year senior unsecured bond
Iranian tanker loadings down 70% over Israeli attack fears Iran International cites data showing only 600,000 bpd were exported in first 10 days of October
Shipping customers wanted: Navigator-backed ammonia start-up hunts for contracts in marine sector Ten08 volumes could send gas carrier owner into fleet expansion
'Formidable' Greek shipping matriarch and Thenamaris founder Athina Martinos dies at 97 Pioneering female shipowner passed on her shipping DNA to her three sons - Thanassis, Dinos and Andreas Martinos - major industry players
LPG carriers go up in flames during weekend transhipment operation gone wrong Bangladesh's navy and coast guard appear to have averted yet another dark fleet disaster
Longshore union halts overtime at Port of Montreal A partial work stoppage at the Port of Montreal follows a three-day strike earlier this month by union dockworkers at Canada's second-busiest port.
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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