Maritime shows up for inaugural Top Women in Maritime Celebration Marine Log's Top Women in Maritime Celebration award event, held November 11 at the World War II Museum in New Orleans, La., exceeded expectations with over 225 attendees coming together to celebrate
U.K. pilot boat trials Zelim man-overboard recovery conveyor The U.K.'s Milford Haven Port Authority (MHPA) has retrofitted its 19-meter pilot boat Picton with Zelim's SWIFT man-overboard recovery conveyor as part of a three-month trial to assess the system's capability in
Port strike fears grow as USMX and ILA fail to hammer out automation issues Not all is going smoothly in the negotiations between U.S. East and Gulf Coast port employers, represented by USMX, and the ILA union. Both
India and China in Strategic Contest The ports of Mundra, Chennai, and Mumbai in India, along with Bangladesh's Chittagong, China's Shanghai, Sri Lanka's Hambantota, and Myanmar's Kyaukpyu, form critical nodes in the global container shipping network. 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 News .
CMA CGM announces PSS from Indian Sub, Middle East, Red Sea and Egypt to USEC and Gulf CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) of US$1,500 per unit from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the United States East Coast and Gulf. The French carrier noted the surcharge will be effective from 5 December 2024 (loading date) until further notice and will be applicable to all container types. If you liked this post, please cons
Global bunker indices continue downward trend In the 46th week of the year, Marine Bunker Exchange (MABUX) global indices resumed a moderate downward trend. The 380 HSFO index dropped by US$7.39 to US$522.40/MT, the VLSFO index saw a US$8.09 decline to US$601.05/MT, edging closer to the US$600 mark, and the MGO index fell by US$13.63 to US$759.55/MT. "At the time of writing, a slight upward correction was observed in the global bunker market
CMA CGM applies peak season surcharge from Central America & Caribbean to Europe & Med Marseille-based container carrier CMA CGM has notified its customers of the following Peak Season Surcharge (PSS). Effective from 7 December 2024 (loading date) until further notice, the surcharge will apply to cargo originating from West Coast Central America, Mexico West Coast, East Coast Central America, and the Caribbean, and destined for North Europe (including Scandinavia, Poland, and the B
ILA pulls out of contract talks over automation disputes The International Longshoremen's Association (ILA), the union representing dockers on the US East Coast, has pulled out of contract negotiations with employers citing bad faith as employers broached the thorny subject of automation.
New funding boosts Pier Wind project at Port of Long Beach On 11 November, the Long Beach Board of Harbor Commissioners reinforced its commitment to California's renewable energy goals by advancing Pier Wind, a proposed 1,618,742 square meters terminal at the Port of Long Beach designed for the assembly and deployment of floating offshore wind turbines. With recent approvals, the Californian port aims to secure additional funding and the necessary author
Lekki Deep Sea Port emerges as strategic operational spot in West Africa The Lekki Deep Sea Port, located within Nigeria's Lagos Free Zone (LFZ), marks a substantial enhancement in West Africa's maritime infrastructure. 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 News .
Port of Rotterdam follows Singapore with first digital bunker trial In a four-week trial using ZeroNorth's electronic bunker delivery note solution, the parties seek to enhance efficiency and transparency while establishing a foundation for digitalising bunker operations in Europe's largest bunker hub. ZeroNorth, Vitol and the Port of Rotterdam have completed the first digital bunker delivery this week, marking the launch of a four-week trial. During this period,
ONE launches new service connecting Pakistan with Middle East Ocean Network Express (ONE) introduces a new weekly service, Pakistan Gulf Express (PGX), offering direct connections from Karachi to Jebel Ali, Hamad, and Dammam. This new PGX service is expected to broaden ONE's service offerings and strengthen the ocean carrier's network across the Arabian Sea. The first sailing of the PGX service is expected to commence on 2 December and the port rotation of
Kpler acquires Spire Maritime Kpler, a data and analytics platform for trade intelligence, has announced the acquisition of Spire Maritime, a provider of satellite-powered data for real-time global vessel tracking. This move aims to expand Kpler's maritime coverage, offering insights into vessel movements and shipping logistics worldwide. By integrating Spire Maritime's advanced technology and AIS data feed, Kpler said it wil
Hapag-Lloyd applies peak season surcharge from Peru, Ecuador and Chile to North America Hapag-Lloyd announced a peak season surcharge (PSS) from Peru, Ecuador and Chile to North America, which will be effective from 13 December until further notice. The German ocean carrier noted that the PSS will be US$500 per container for dry cargo and US$1,000 per reefer box for Chile to North America shipments. If you liked this post, please consider donating The post appeared first on Contain
CMA CGM announces Le Havre temporary suspension in EUROSAL service Due to ongoing port congestion at Caribbean hubs and in Northern Europe, French ocean carrier CMA CGM announced changes in the EUROSAL service. To uphold the regular schedule at all current ports and the Panama Canal, the EUROSAL service will temporarily suspend its Le Havre call for one cycle, spanning 10 weeks. As a result, the vessel COSCO SHIPPING Volga, initially scheduled to call at Le Havr
Hapag-Lloyd announces significant profit decline in 9M 2024 Hamburg-headquartered ocean carrier Hapag-Lloyd reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) of US$3.6 billion, earnings before interest and taxes (EBIT) of US$1.9 billion and profit of US$1.8 billion in the first nine months of the year. "In view of lower freight rates in the first half of the year and increased transport expenses due to the rerouting of ship
Why More Companies Are Turning to Maintenance Management Software As businesses grow and rely more on complex equipment, the question of maintenance becomes crucial. Breakdowns are costly, but keeping track of every maintenance need can be overwhelming. That's where maintenance management software comes in, revolutionizing the way companies care for their assets. Here's why more companies are jumping on board and making the switch. Supercharge Your Team's Effic
Port Power Play: ICTSI and APM Terminals vie for control of Durban's strategic hub The strategic importance of the Port of Durban within the global and regional maritime landscape has garnered significant attention from major international port operators such as International Container Terminal Services, Inc. (ICTSI) and APM Terminals. Both companies are actively pursuing strategies to strengthen their operational presence in this key South African port, reflecting Durban's cri
Resilience and Adaptation of Key Asian Powers in Maritime Trade Landscape 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 News .
MISC and Bumi Armada weigh up offshore merger Malaysia's top shipping line, MISC, has moved to combine its offshore business with fellow floating production storage and offloading (FPSO) vessel specialist Bumi Armada. The two companies have entered into a non-binding memorandum of understanding to explore a prospective share-based merger, following market talk of a potential tie-up earlier this year. "The proposed merger will ...
TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC's contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals, flexible jumpers, and flexible risers. No precise financial details for the ...
Sedna buys email management specialist Nordic IT UK-based technology firm Sedna, whose platform helps maritime companies streamline communication, has acquired Copenhagen-headquartered email management specialist Nordic IT. Sedna said the move reinforces email's position as the primary protocol in maritime while advancing the company's delivery of AI-powered, connected solutions for the industry. "By bringing Nordic IT into our organisation, we
Belships adds to ultramax orderbook Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a similar structure as the previous newbuilds-through ...
Welsh offshore wind could bring in $41bn of investments by 2035 New research shows that Wales could attract £46.8bn ($59.6bn) in investments from renewable energy by 2035, the majority of which would be directed towards offshore wind. In its research, BiGGAR Economics projected an annual average investment of almost £4bn, peaking at £7bn in 2028. According to the research, offshore wind - forecasted to account for ...
Dayang lands Petronas Carigali contracts Malaysia's Dayang Enterprise has secured two contracts from Petronas Carigali for the provision of pan-Malaysia offshore maintenance, construction, modification, and hook-up services. Both contracts have been firmed up for five years, with extension options attached that could see the deals lasting by up to 10 years, the parent company said in a stock exchange filing. ...
Dali arrives in China for repairs This year's most infamous ship, the Dali containership, has completed its voyage from the US and China and is now at one of the top repair yards in Asia. The ship, which took out Baltimore's largest bridge in March, arrived at Fujian Huadong Shipyard yesterday where it will undergo significant repairs. It had left the ...
Baku port set for upgrade Kazakhstan, Azerbaijan, and China have signed an agreement on the establishment of an intermodal cargo terminal in the port of Baku. The project involves the construction and development of infrastructure for an intermodal cargo terminal covering 40 hectares at the Baku suburb of Alyat. Initial capacity will be up to 350,000 containers a year. The ...
Dynacom back at Yangzijiang for more product tankers George Procopiou's Dynacom Tankers has returned to China's Yangzijiang Shipbuilding for more LR1 product carriers. Brokers in Greece report the owner has contracted for four 75,000 dwt newbuilds with delivery in 2028, after commissioning the Singapore-listed private yard for another pair last year that is expected to join Dynacom's fleet in 2026. While the first ...
Chinese herald the opening of flagship Peruvian port Xi Jinping is in Peru today for the opening of a giant port which the Chinese are billing as transformative for trade connectivity between Latin America and Asia. Chancay port on Peru's Pacific coast is a huge $1.3bn project majority-owned by COSCO, located some 70 km north of the capital, Lima, a flagship Belt and ...
SBM Offshore gets FPSO order for TotalEnergies project in Suriname Dutch floater expert SBM Offshore has been awarded contracts for the GranMorgu field development project in Block 58 off Suriname by TotalEnergies. Under these contracts, the company - in partnership with French-based engineering company Technip Energies - will construct and install a floating production, storage and offloading vessel (FPSO). The award follows completion of front-end ...
Siem takes stake in Aurora Offshore as part of vessel management deal Borealis Maritime's offshore vessel arm, Aurora Offshore, has entered into a shareholding and management contract with compatriot offshore vessel operator Siem Offshore. As a result of the deal, Siem Offshore will become a shareholder in Aurora Offshore and will transfer the management of their owned fleet of nine offshore vessels to Aurora. The nine vessels ...
Semi-automated crane dispute increases likelihood of another American port strike A pressing issue for the incoming Donald Trump administration could well be another strike across the US east and Gulf coasts with a trade union refusing to budge on the issue of automation. Following a three-day strike at the start of last month, the International Longshoremen's Association (ILA) reached an agreement with the United States ...
Europe comes up with its most targeted set of measures against Russia's shadow fleet Politicians at the European Parliament are likely to vote today in favour of a series of measures taking aim at Russia's shadow fleet. The package of measures follow on from the UK's decision last month to start cracking down on tankers passing through the English Channel. The European measures call for more targeted sanctions on ...
BIMCO launches Ship Recycling Alliance BIMCO has launched a Ship Recycling Alliance ahead of next June's implementation of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), picking a ship demo veteran to chair the new body. "Part of the ship recycling industry is already trying to live up to the HKC standards ahead ...
US sanctions over a dozen ships linked to assassinated Syrian businessman and Iranian oil The US has sanctioned 26 ships, entities and individuals linked to Syrian business conglomerate Al-Qatirji Company, whom the US says...
LNG shipping rates slump to historic lows - and they're still falling Bulk commodity shipping rates are underperforming in general, but LNG shipping is in a league of its own. Spot rates...
Safe Bulkers nears completion of environmental upgrade for existing fleet Owner of 46 bulkers posts increased earnings for third quarter but warns market is softening
British Columbia ports set to resume operations Maritime employers in British Columbia have received the order to resume port operations following the government's decision to end work...
Global oil supply to increase by 2% in 2025, says IEA Global oil demand continues to be weak, with Chinese demand in particular registering a sixth straight month of contraction after...
US port employers respond to ILA's decision to break off talks The stalemate in the US east and Gulf coast labour talks continues, and so does the public blame game
Habben Jansen hopes customers will choose quality as Gemini launch nears Hapag-Lloyd chief executive Rolf Habben Jansen speaks to Lloyd's List on tariffs, strikes, decarbonisation and what his new alliance with...
HD Hyundai reshuffles top brass to navigate shifting geopolitical winds The South Korean conglomerate appointed the executives with the aim of strengthening the partnership between the US and South Korean...
Thermal coal imports to Europe plummet due to renewables switch Coal shipments to advanced economies have fallen for their second consecutive year, with Europe registering a 22% year-on-year drop
Should regulation even try to catch up with cyber security threats? Both the International Maritime Organization and the International Association of Classification Societies have drafted some guideline or regulation focusing specifically...
Sums to go green aren't adding up, shipping's first movers and financiers reveal From carbon capture-and-storage units that have been installed but not switched on, to dual-fuelled vessels that have failed to secure...
Supreme Court confirms one-year time bar for Hague-Visby misdelivery claims Bill of Lading holders have just 12 months after discharge to exercise security
BIMCO-led ship recycling alliance launched ahead of 2025 Hong Kong Convention BIMCO, recycling associations in major recycling nations and cash buyers GMS and Wirana Shipping have joined up to help speed...
China P&I Club membership of International Group not a done deal Fears centre on sanctions, regulation and lack of transparency
Container congestion drives HHLA revenue growth HHLA said longer container dwell times contributed to its growth in the first three quarters of 2024, alongside increased handling...
Hapag-Lloyd posts strong earnings as rates and volumes rise Hapag-Lloyd delivered strong results as expected in the third quarter on the back of strong container volume growth on the...
Zemba to launch e-fuel shipping tender in January The Zemba green shipping group said it wants to pool at least 80bn tonne-miles of demand to abate the emissions...
The Daily View: Another phase of sanctions shifts Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Cosco lines up $2bn methanol-fuel boxship order Booking will boost Cosco's containership orderbook to over 1m teu, helping narrow its gap with larger foreign rivals CMA CGM...
Daily Briefing Dark fleet crackdown looms as EU states consider stopping suspect ships | East coast strike threat raised as union breaks...
Hapag-Lloyd sees possible pre-LNY cargo rush amid 'very healthy' demand The carrier, which reported $1 billion in net profit for the third quarter, says the potential boost in volumes could come as US importers seek to beat the possible implementation of new tariffs on Chinese goods by the incoming Trump administration.
Uber Freight opens up truckload capacity network to rival brokers The company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board.
K+N acquires majority stake in big US drayage provider The deal for privately owned IMC Cos. gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.
New precedent established for politics to drive longshore union negotiations While the presidential campaign is no longer a factor, the new Trump administration will likely be similarly disinterested in a strike of any significant length and, it can be assumed, will get directly involved in talks.
Report from a red state: mixed feelings from New Orleans on Trump Finance panel features views on offshore wind, Jones Act and more
Don't hold your breath: OSG's Sam Norton weighs in on Jones Act tanker replacement High capital cost of US-built vessel is a key constraint
US sanctions Syrian conglomerate's tanker fleet for bankrolling Iran's Qods Force and the Houthis Treasury blacklists new leadership after death of leader known as 'the Whale'
Fincantieri hikes annual forecast after booking billions in new orders Italian group is set to deliver 92 vessels between now and 2032.
Strife on docks as US port labour talks break down again Move heightens threat of strike when contract extension ends in January - days before Trump's inauguration
Sea1 Offshore executives nab share troves following buyback incentive plan Two executives get 150,000 shares and two others 50,000 shares
Missing capesize cargo case sees UK's top court redraw the misdelivery rules Case involving KCH-chartered bulker Giant Ace dates back to voyage in 2018
Norwegian wealth fund buys the dip on Frontline and Hafnia Investors sold off tanker shares and Folketrygdfondet was buying
UK's top court limits misdelivery claim time after capesize coal cargo went missing Case involving KCH-chartered bulker Giant Ace dates back to voyage in 2018
Lenders cutting margins to win business in cash-soaked ship finance arena, Oldendorff's M&M Bank says Portfolio shrinks as owners continue to pay off loans early
Private equity giant Oaktree Capital linked to sales of its oldest tankers Brokers report one or both of the Valley Oak and Golden Oak are leaving the private equity group's fleet
Bahri bash boosting VLCC rates as owners push for stronger earnings Fearnleys says a low oil price and Bahri Week in Dubai is helping earnings rise
Analysts praise Belships' forward coverage and dividend yield ahead of weaker markets Results were slightly lower than some analysts predicted, but the future looks fine
Stars align: How Trump's free-wheeling Maganomics and huge profits could drive shipping M&A This week's Streetwise takes a look at what's driving the fragmented sector's consolidation
Gersemi fund sticking with tankers and bulkers after 'month to forget' for stocks Joakim Hannisdahl-led fund drops 11% during October as shipping equities hammered
MISC sounds alarm on LNG shipping asset values as weak market bites Malaysian state giant is however bullish on product tanker, offshore and shipyard business
Adnoc L&S sees profit jump as it awaits clearance for $1.5bn Navig8 takeover Abu Dhabi-listed owner expects 20% boost to bottom line when deal goes through next year
Sedna buys rival Nordic IT platform as it seeks to boost email insights Email platform is expanding by acquiring a former rival
Bulker owner Wilson strengthens top team with new hire and internal promotion Henrik Orth steps up as head of ship management, while Einar Torsnes brought in as finance chief
Arrow Energy's founding shareholders shuffle their stakes to enfranchise next generation Expanding brokerage's 2023 profit falls on market weakness as it builds out its workforce and shifts into new sectors
Refiner and shipowner Eneos 'overwhelmingly active' in seeking spot VLCC cargoes Japanese group says it is evaluating bringing in crude from Canada's new TMX pipeline
MPC Capital profit boosted by Zeaborn acquisition Constantin Baack says strategic focus on maritime and energy infrastructure is 'paying off'
Shipowners shamed for dark fleet sales as EU turns up heat on tankers carrying Russian oil Legislators expected to back calls for tougher sanctions including against vessels without adequate insurance
Tor Olav Troim's Golar LNG cut to 'hold' as Fearnleys sees 'tight pricing' of stock Analyst believes the firm will secure LNG carrier-to-FLNG unit conversion contract ahead of delivery
Hoegh Evi sees uptick in business for FSRUs from Americas region Company set to redeploy conversion candidate on a charter when it ends current hire
Belships boosts newbuilding orderbook as profitable third quarter swells dividend Newbuilding programme comprises 12 ultramaxes
Hapag-Lloyd profit drops to $1.8bn in first three quarters of 2024 Results lifted by 'unexpectedly strong demand' and improved freight rates in third quarter
Awilco LNG falls to loss and scraps dividend in 'weakest spot market for years' Norwegian owner says rate environment is challenging in what should be high season
Zissimatos-linked Monte Nero orders up to four product tankers at born-again Cosco shipyard One of China's leading vessel repair yards is making a comeback in shipbuilding
Shipping in full swing as golf day scores £20,000 for Mission to Seafarers London's shipping community turns out in force to tee off for charity
Themistoklis Alafouzos gifts $13m of Okeanis Eco Tankers shares to family members Share transfer cuts stake of chairman's brother to 6.6m shares
Kristian Siem strikes ships for shares deal to buy into Borealis Maritime backed venture Kristian Siem takes a stake in Borealis Maritime's offshore company, which increases its fleet to 28 ships
Amazon promises equal priority for third-party air cargo, own parcels Amazon is promising logistics companies that use its air cargo airline that their shipments won't get left behind when e-commerce parcel volumes are high.
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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