Equinor and Dominion the winners in $92.65 million Central Atlantic offshore wind lease sale Two established U.S. offshore wind players, Equinor and Dominion Energy, were the winners in today's Central Atlantic offshore wind lease sale. The sale, details of which were announced in June, was the
FERRIES 2024: Green funding access for ferry operators Going green isn't always inexpensive, but there are strategies to help ferry operators manage the costs. To provide valuable insights on accessing green funding, Kristen Kissinger, marine transit planning team lead, project
USCG extends Birdon America's 47-foot MLB SLEP contract Birdon America Inc. reports that the U.S. Coast Guard has exercised "Option Order 1" under the 47-foot MLB (Motor Lifeboat) Service Life Extension Program (SLEP) contract it was awarded in 2019. This
Hydrex team completes double underwater stern tube seal repair Underwater repair specialist Hydrex reports that, earlier this year, its diver/technician teams carried out a double underwater stern tube seal repair on a RO/RO ship berthed in the Port of Burnie, Tasmania.
Pipavav Shipyard resumes operations India's largest shipbuilding facility in Pipavav is anticipated to resume operations following the resolution of its bankruptcy issues. The shipbuilding yard will now be led by Swan Energy and has appointed former Damen Shipyards executive, Carsten Schumacher, as its new chief operating officer. Pipavav Shipyard will get to work on a repair job for the Indian Coast Guard, and is in talks for a co
Container volumes increase at Port of Los Angeles The Port of Los Angeles handled a record-breaking 939,600 TEUs in July, a 37% increase over the previous year. According to the port's data, it was the best July in the LA port's 116-year history and the busiest month in more than two years. Additionally, seven months into 2024, the Port of Los Angeles is 18% ahead of its 2023 pace. "We've seen an influx of year-end holiday goods coming across ou
GAC opens new office in Spain GAC Spain, a provider of shipping and logistics services in the Iberian Peninsula, has opened a new office at the Port of Huelva, aiming to strengthen its support for customers within the country's shipping and energy sectors. The opening of GAC Spain's office positions the global ship agent to serve its existing dry and liquid bulk customers, as well as gas carriers at Huelva, with specialised s
MSC, Hapag-Lloyd introduce more solo services ahead of alliance changes MSC and Hapag-Lloyd have begun building up their capacity as both carriers prepare to leave their respective current alliances, according to Alphaliner's report. MSC, which will split from its 2M partner Maersk, has been launching standalone loops on the Asia - North America and Far East - Europe routes. After launching two additional standalone services in July, MSC's non-2M fleet capacity on th
Sea-Intelligence analyses impact of potential ILA strike The agreement between the US East Coast port workers' union International Labour Association (ILA), and the terminals organization United States Maritime Alliance (USMX) expires on 30 September. ILA has been adamant that if there is no new agreement, they will initiate a strike from 1 October. ILA President warns of potential strike at Atlantic and Gulf Coast Ports in October "In this context, it
CMA CGM implements reefer surcharge from Brazil French ocean carrier CMA CGM will apply a new peak season surcharge (PSS) to reefer containers originating from the port of Rio Grande in Brazil. CMA CGM said the PSS will be US$300 per refrigerated unit and will be effective from 7 September. If you liked this post, please consider donating The post appeared first on Container News.
Indonesian ICTSI terminal takes delivery of two new mobile harbor cranes East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.'s (ICTSI) business unit in Lamongan Regency, Indonesia, recently received two new Konecranes Gottwald post-Panamax ESP.8 mobile harbor cranes (MHC). The new equipment will support EJMT in handling bulk, project and container cargo once the terminal commences operations in September. "We are pleased to collabor
Hapag-Lloyd falls short of US$800 million profit in first half Hapag-Lloyd has reported decreased financial figures in the first half year of 2024 with revenues of US$9.5 billion, EBITDA of US$2 billion, EBIT of US$900 million and profit of US$800 million. "Even though we were unable to match the exceptionally good results of the prior year, we delivered a very good first half of 2024 thanks to strong demand and better spot rates," commented Rolf Habben Jans
Carrier Transicold expands BluEdge partner offerings Carrier Transicold has enhanced its BluEdge Partner Program with a platform that complements Carrier's Lynx Fleet telematics for real-time remote monitoring of container reefers and other connected assets onboard ships. The Vessel Control Tower (VCT) platform, offered through the BluEdge reseller channel, ensures network coverage at sea, giving ship crew an overview of all connected assets onboar
Port of Gothenburg and Castellum to develop new logistics facility The Gothenburg Port Authority and Castellum are jointly developing a fully leased, efficient, and sustainable logistics facility in a prime location at Halvorsäng, just north of the Swedish port's terminals. The construction works are set to begin in the fall of 2024. The tenant is the medical technology company OneMed, which plans to move in by 2026. The total investment for the joint venture is
Call to make IMO DCS public The volume of submissions to the International Maritime Organization ahead of the 82nd gathering of the Marine Environment Protection Committee (MEPC), scheduled to start on September 30, could break records. One paper submitted generating discussion comes from the American NGO, the Environmental Defense Fund, which calls for the IMO's Data Collection System (IMO DCS) and ...
MSC and Hapag-Lloyd seen prepping early for next year's altered liner constellations There are 171 days to go until a sizeable liner alliance reshuffle, and two of the principle instigators in this container tango are well advanced in preparing for this new alignment. February 1 next year sees Hapag-Lloyd exit THE Alliance and join forces with Maersk to create the Gemini Cooperation following the disbanding of the ...
COSCO seals newcastlemax orders COSCO Shipping Bulk is swelling its fleet with eight newcastlemax bulk carrier newbuilds at a domestic yard in a deal worth around $640m. Brokers tell Splash, that the dry bulk arm of the Chinese behemoth COSCO Shipping has booked 210,000 dwt units at Jiangsu Hantong, each priced at $80m. The newbuilds are scheduled for delivery ...
Larsen & Toubro bags new long-term deal with Shell The technology services arm of Indian engineering conglomerate Larsen & Toubro (L&T) has signed a long-term framework agreement with energy giant Shell. The multi-year framework agreement will see L&T Technology Services providing integrated engineering and procurement services, digital engineering services, data governance for capital projects, and digital project management consultancy for Shel
India's Pipavav Shipyard reopens Pipavav Shipyard, the largest shipyard in India by capacity, is set to resume operations having come out of bankruptcy. Now led by Swan Energy, the yard has tapped former Damen Shipyards executive, Carsten Schumacher, to serve as its new chief operating officer. The yard will shortly get to work on a repair job for the ...
Corio looking to use Brazilian yard to construct over 2.4GW of offshore wind Offshore wind developer Corio Generation and Brazilian shipyard Estaleiros do Brasil (EBR) have signed a Memorandum of Understanding (MoU) to see how the shipbuilder's facilities could support offshore wind projects off Brazil's south coast. Corio and EBR will look at how the existing infrastructure, located close to Rio Grande port in Brazil's southern province of ...
Poland launches $5.4bn loan scheme for offshore wind funding The Polish development bank has revealed that the country would launch a nearly €5bn ($5.46bn) programme to provide loans for the construction of offshore wind farms in the Baltic Sea. Bank Gospodarstwa Krajowego (BGK) said the programme was financed from the European Union's recovery funds and will grant loans on market terms. This is not ...
Walmart expands its container offering American retailing giant Walmart is getting more into container shipping, offering its Marketplace sellers the chance to use the company's cross-border ocean shipping solution to transport China-made goods to its US fulfillment center network. Walmart's Cross Border service is a port-to-door, full container load freight service from China to the US, according to the Walmart ...
Vineyard Wind allowed to continue with towers and nacelle installation Vineyard Wind, a joint venture between Iberdrola's US arm Avangrid and Copenhagen Infrastructure Partners, and GE Vernova has received approval from the Bureau of Safety and Environmental Enforcement (BSEE) to resume the installation of towers and nacelles at the offshore wind farm. The approval is only for components not associated with the blade incident that ...
Niovis reveals ultramax orders in Japan Greek owner Niovis Shipping is expanding its fleet with a pair of Japanese ultramax newbuilds. The Piraeus-based outfit revealed on its website that it had booked 64,000 dwt units at Oshima Shipbuilding. Including the two newbuildings, the Mavroleon family vehicle currently counts a fleet of 19 vessels in the dry bulk and tanker segments. The ...
American port strike looms as shipping's next major chokepoint The real threat of a dockworker strike at ports across the US east and Gulf coasts come October 1 could knock supply chains out of synch through to 2025, according to new research from Copenhagen. Contract negotiations have broken down between the International Longshoremen's Association (ILA) and port operators. The current agreement, which covers about ...
Southern California cargo surge smashes records in July Trade is booming in the San Pedro Bay as shippers navigate myriad uncertainties. The ports of Los Angeles and Long...
Panama Canal on track for full recovery as transit rebound continues More containerships transited the neopanamax locks in July than before transit restrictions were enacted in November. In the smaller panamax...
Russian LNG shadow fleet will not hurt wider market growth Oystein Kalleklev said Russia will absorb some elderly vessels coming off legacy contracts, but dismissed concerns these would hamper the...
Eswatini ships face legal action as register disappears into the shadows Eswatini's flag operation may be opaque, potentially fraudulent and popular with dark fleet operators, but it has never lacked ambition...
Hapag-Lloyd sees stronger third quarter and warns on US port strike risk In one scenario, carriers could see rates sink in the fourth quarter as peak season ends. In another, a crippling...
Singapore HSFO sales hit seven-month high in July LNG bunker sales exceeded 40,000 tonnes for the third consecutive month, as prices remain competitive with fuel oil
Port of LA sees 'blockbuster' cargo volumes as container dwell time grows The port of Los Angeles has been sustaining strong volumes in recent months, leading to an increase in dwell time...
Chinese iron ore imports continue to strengthen, but how long can it last? Despite iron ore imports into China remaining strong, concerns are mounting about demand from its construction and real estate industries
Höegh Autoliners boosts contract shipping share as vehicle shippers seek stability World's fifth-largest vehicle carrier operator is filling its vehicle carriers with more long-term contract cargo at the expense of short-term...
No reinsurer panic on Baltimore casualty, insists Gallagher Re 'This was a marine loss, not a black swan event. A ship had an accident, and I don't think it's...
Two seafarers killed in accident involving offshore service vessel in Malaysia Local authorities said an explosion on board Icon Amara, an offshore service vessel owned by Icon Offshore, killed two seafarers...
Taiwan's top three carriers post record first-half profits Yang Ming and Wan Hai will upgrade fleet with vessel purchases. Elsewhere, Evergreen plans to lease containers
DFDS revenue lifted by acquisition but freight rate pressures weigh on margins DFDS chief executive Torben Carlsen says the second quarter turned out to be more challenging than expected. Consequently, the Copenhagen-headquartered...
EU-27 and Japan table $100 IMO carbon price The number of IMO member states backing a levy is likely to grow beyond 50 following the impact assessment process
Walmart launches ocean shipping service Senior director of Walmart's global inbound programme says a pilot run by the company 'exceeded expectations' in terms of volume
Daily Briefing Safety required for Red Sea normalisation is nowhere in sight | Over 90% of Russia crude exports circumvented G7 price...
CHN Energy Shipping brings in new chairman amid fleet growth push Appointment comes as the company is significantly expanding its fleet
US truckload, LTL pricing both rise in July, along with shipments Producer price indexes and the Cass Freight Index show slight increases in truck pricing and volumes in July, but not a rapid turnaround.
Rising US trade leads Hamburg port operator to positive first half HHLA's container volume and financial performance in the first six months has been a marked improvement on a disappointing 2023.
Air cargo thrives on e-commerce, disruption-driven demand Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond.
Wan Hai Lines pushing to take newbuilding spend over $4bn with fresh project Order of large container ships will add to the 20-ship haul announced this week
Navigator Holdings' reports earnings dip despite revenue growth Gas carrier owner sees narrowing arbitrage window lowering rates in third quarter
Jefferies upgrades Flex LNG shares as $430m in finance moves keeps dividend safe But Omar Nokta is not yet bullish as he keeps rating at 'hold'
Firepower: SFL scores $981m in debt for fleet growth and refinancing moves John Fredriksen-backed lessor has 'busy' period in finance markets
US criminal case offers window into shipping network to supply the Houthis with missile parts Crew and captain of the dhow Junus were arrested in Iran before alleged smuggling voyage that landed them in Virginia federal court
Creative Okeanis has 'tendency' to outperform the market, Clarksons says Analysts argue a premium to underlying value is justifiable for Greek tanker owner
Bauxite is why 2020 Bulkers is 'not particularly interested' in taking forward cover CEO said volumes of the ore have cushioned what is usually the seasonally weakest quarter of the year
Russia's emerging LNG shadow fleet changes dynamics for sector, Flex says Rigidity of the Panama Canal booking system not proving conducive for LNG carriers
Shadow fleet tanker hit list: Ukraine researchers finger dozens of Russia-trading ships for sanctions KSE Institute draws up list of vessels regularly carrying Russian oil to make life easier for western authorities
Sexual assault lawsuit over DJ Khaled-hosted cruise suffers dismissal setback Decision leaves Norwegian Cruise Line and unknown perpetrator as final significant defendant
Arendalsuka: Shipping seeks higher podium of influence at Norway's largest political gathering Big issues facing the shipping industry are taking their share of space at Arendalsuka
Trafigura says Red Sea tanker diversions will cause 4.5% rise in emissions this year Trader and shipowner says crude and product vessels to use extra 200,000 barrels of fuel oil in 2024
Iino VLCC to be retrofitted to gather climate change data for Japanese agency Shipowner says vessel will observe greenhouse gases over Indian Ocean
'Mediocre' 2025 could be enough for Norden to close value gap, Clarksons says Danish owner and operator looks cheap, with patience needed to see share price rise, analysts argue
Container ship orderbook tsunami 'not a surprise' to liner boss Rolf Habben Jansen That's why we plan to order too, says Hapag-Lloyd boss
US Navy strikes back at Houthis destroying two Red Sea attack vessels Houthis had earlier attacked two ships using various weapons at their disposal
Container ship newbuilding activity hits three-year high with expectation of more to come A second wave of boxship orders may be in the pipeline
John Fredriksen-backed SFL sees profit rise as backlog close to $5bn Shipowner declares 82nd consecutive quarterly dividend
Cargill revenue slashed by nearly 10% as bumper harvests see prices plunge US company revealed a turnover of $160bn for the year
First ship sunk by Houthi missiles is replaced in owner's fleet Lebanese company buys Turkish vessel to replenish tonnage
ESL Shipping positive on Baltic bulker demand after earnings rise Finnish owner says requirement levels in steel and forestry sectors looking good
Regional Container Lines profits rebound on stronger freight market Bangkok-based carrier prepares for delivery of the biggest vessel it has ever operated
Spar Shipping buys brand-new ultramax bulker in fleet renewal play Vessel will replace elderly supramax reported sold in July
Greece's first FSRU finally ready for operations after battling delays Floating regasification project has fought through technical issues over last few months
Hoegh Autoliners shifts focus to backlog stability after massive rate rally Car carrier rates have climbed from the doldrums, but owner says market now shifting
Indonesia's Patria Nusasegara scores big on VLCC sale deal Strong tanker asset values see Jakarta-based company earn hefty profit of at least $10m on PNS Serena sale
Knutsen LNG carrier tipped as HD Hyundai Marine Solution's first conversion to an FSU Twenty-year-old steam turbine ship set for new life in Central America
Yangzijiang opts to build its first LNG carrier duo speculatively as buyer evaporates But brokers warn that buying interest in LNG resales has changed
Pipeline fire could hit tanker loadings at key Libyan terminal Crude flows cut by about 125,000 barrels per day
Hapag-Lloyd pins hopes on further Red Sea disruption as profits drop by $2.34bn Focus on growth as demand and freight rates rise
Free reserves hit $198m after Swedish Club reports 'solid start' to year P&I club says insurance and investment portfolio continues to reinforce financial strength
Karpowership plans to plough $1bn into South Africa power play Company wants to use powership-FSRU combo to deliver electricity to energy-hungry region
Seafarers killed in blast on Icon Offshore platform supply vessel Accident happened on the Icon Amara at a platform off Bintulu
2020 Bulkers bottom line buoyed by profit from vessel sale Norwegian owner has also secured new financing
Navios S&P rumour mill swings back to bulkers with reported panamax sale Behemoth owner is believed to be selling one of its oldest ships, built in 2005
Flex LNG ties up two new facilities on three vessels to refinance $375m loan Low spot rates hit earnings for two LNG carriers, slimming second quarter figures
Diana Shipping lands $4.58m time charter for kamsarmax bulker with Paralos Shipping Vessel will earn gross charter rate of $14,000 per day
Supramax specialist Thoresen Thai says its bulkers are outperforming the market Company's offshore division also reports a significant rise in revenues
Benito jumps from Lloyd's Register to ship manager Wallem Classification society veteran joins Hong Kong ship manager as business development and marketing director
Qatar Navigation takes revenue hit in the liner and offshore sectors Qatari shipowner blames rate pressures and maintenance downtimes for slight drop in revenue and net profit
Chemical tanker arrested over cargo contamination claim High-pedigree Eva Fukuoka has been held at Deendayal Port since 5 August
E-commerce, Amazon demand drive Cargojet volume growth Cargojet's domestic and international flying business posted solid gains in the second quarter thanks to e-commerce demand in Canada.
Bill aims to strip foreign shipowners' liability protections An 1851 law invoked by the makers of the Titanic is allowing the ship that brought down Baltimore's Key Bridge to avoid liability costs, a lawmaker contends.
Early peak drives record LA port volume Vessel delays and labor concerns had importers rushing to get holiday merchandise into the Port of Los Angeles before the traditional peak season in the fall.
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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