New details emerge on merchant ship struck by Russian missile The merchant ship struck by a Russian missile on September 11 has now been identified as the Saint Kitts and Nevis flagged bulk carrier Aya . According to some reports it the
VIDEO: New Zealand's Vessev unveils its VS-9 e-foiler Auckland, New Zealand, based Vessev has introduced a new entry into the foiling electric passenger vessel market, the VS-9. Designed to carry 10 passengers at a service speed of 25 knots, the
ClassNK releases "Guidelines for Liquefied Hydrogen Carriers" ClassNK has released the 'Guidelines for Liquefied Hydrogen Carriers (Edition 3.0)', which provide crucial information for evaluating the safety of liquefied hydrogen carriers and support advancements in related technologies. To build a hydrogen supply chain-vital for a decarbonized society-the development of large-scale, efficient liquefied hydrogen carriers is actively progressing. The Internat
Hutchison Ports BEST operates first 100% electric reach stacker in Southern Europe Hutchison Ports BEST has put into operation at its terminal in the Port of Barcelona the first electric Reach Stacker in Southern Europe. This new acquisition is part of a plan to reduce the carbon footprint of the terminal, making it the most sustainable and efficient terminal in southern Europe. With this move, the Spanish terminal begins to replace equipment that operates with a combustion eng
CMA CGM updates overweight surcharge from Indian Subcontinent & Middle East Gulf to South America CMA CGM has announced an adjustment to its Overweight Surcharge (OWS) for dry cargo from the Indian Subcontinent and Middle East Gulf to the East Coast of South America. The new surcharge rate is set at US$500 per 20-foot dry containers with a gross weight of 18 tons or more. If you liked this post, please consider donating The post appeared first on Container News .
Major restructuring for intra-Asia service, as Evergreen upgrades its role The joint service FAX/IEA/EAX/REA/FAS - operated by Emirates Shipping Line, Global Feeder Shipping, Interasia Lines, KMTC, Regional Container Lines, and T.S. Lines - is undergoing a significant change. Effective in October, the service will be restructured into two distinct loops, focusing separately on routes to Kenya and Tanzania. The reconfiguration introduces two new services with enhanced ca
Egypt's high risk and fragility create challenges for East Med This analysis highlights the intricate relationship between geopolitical stability, supply chain dynamics, and port operational efficiency. The port connectivity indices and container throughput across three key subsystems-East Med, Red Sea, and Gulf of Aden-are significantly influenced by underlying geopolitical and economic conditions. These subsystems are represented by key ports: Piraeus, Por
Australian government prioritises Port Botany, drops Kembla and Newcastle plans Uncertain trade levels and, consequently, freight volumes have led to an interim report from Australia's Freight Reform Panel to advise the cutting of government support for a new container facility at Port Kembla. The Freight Reform Panel, which consists of Dr Kerry Schott AO, Lucio Di Bartolomeo, and Dr Hermione Parsons, published Freight Policy Reform: Interim Directions, this week, and advise
European operators enhance Belgium-Spain rail connections Rail connections from Antwerp and Zeebrugge to Spain are being significantly expanded. Services between Antwerp and Catalonia will become more frequent, and a new rail link to Madrid is being introduced. Hupac, with Lineas as its traction partner, will increase the frequency of its existing services between Antwerp and Catalonia to 10 weekly departures. The Antwerp-Catalonia Line, which departs f
Finnlines launches new service linking Finland to London Medway Finnlines is set to introduce a new freight service connecting Finland to the UK's London Medway, starting on 23 September. This new route is part of Finnlines' broader strategy to enhance sustainability and expand its route network. The service will be operated weekly by three Finneco-class vessels, which will also offer connections to Belgium, Spain, and Ireland. The new service aims to provide
Asia box lines enhance intra-Far East/Australasia network Significant developments from CNC Line, OOCL, Sinokor and Heung A underscore the need for growing connectivity between key ports in Asia, particularly the Philippines, Southeast Asia, and Northeast Asia. CMA CGM-owned CNC Line has recently introduced the Luzon Visayas Mindanao Express (LVMX), an intra-Philippines service aiming to enhance trade between key domestic ports. The service will be oper
SAAM Terminals advances carbon footprint reduction in Chile SAAM Terminals celebrated a significant achievement at its Chilean ports, as all of them successfully certified the reduction of their carbon emissions for the first time in 2023. "The Antofagasta, Iquique, San Antonio, San Vicente and Corral terminals received the Huella Chile emissions reduction seal, demonstrating their teams' work to build more sustainable operations. At SAAM Terminals we are
MSC in battle with Maersk for Denmark's largest container port According to the local media, Maersk-owned APM Terminals seems to be on its way to leave Denmark's largest container port of Aarhus. MSC is reportedly in negotiations with the Danish port to develop a new container terminal in Aarhus. At the same time, the port seems to have concerns about the current monopolio that APM Terminals enjoys, according to DynaLiners. In the meantime, Maersk has report
Volume spikes test APMT terminal capacity in India's Nhava Sheva Port APM Terminals Mumbai at India's Nhava Sheva Port (JNPA) is grappling with capacity pressures due to volume surges from more ship calls, according to industry updates. APMT Mumbai, also known as Gateway Terminals India (GTI), is one of five box facilities in Nhava Sheva, which handles a significant portion of India's containerised trade. Amid growing trade concerns, the flagship operator has annou
Port of Dover unveils first new pilot boat in 20 years This week, the vessel DHB Diligent (Dover Harbour Board) officially began operations following a naming ceremony. Emma Ward, Port of Dover Chief Operations Officer, had the honour of christening the vessel. This new, state-of-the-art pilot boat reflects the UK Port's commitment to modern, sustainable assets for its skilled team. According to the statement, capable of guiding everything from large
SeaLead expands Mediterranenan network with new service Global shipping line SeaLead has launched its new Spain-Türkiye-Morocco (STM) service, enhancing its Mediterranean network. Starting on 13 September, this weekly service will connect key ports in Spain, Türkiye, and Morocco, marking a significant expansion for SeaLead. The STM service will feature westbound routes from Kumport and Diliskelesi to Aliaga, Barcelona, Valencia, Algeciras, and Casabla
Hapag-Lloyd changes Brazil port of call on SAT service German ocean carrier Hapag-Lloyd has announced a change in its South America - Africa - Triangle (SAT) service. From September, Hapag-Lloyd vessels deployed on the SAT service will call at the port of Itajai instead of Navegantes port. The first vessel that will replace the Brazilian port of call on the SAT service will be the Irenes Wisdom, etsimated to arrive at the port of Itajai on 1 October.
Port of Long Beach achieves monthly container record In August, the Port of Long Beach experienced its strongest month in its 113-year history, driven by peak shipping season as retailers expedited cargo shipments ahead of potential tariff hikes and ongoing labour negotiations at East and Gulf Coast seaports. "Cargo diversions and concerns about upcoming tariffs are creating a busy peak season for us. We're prepared for the uptick in shipments and
CMA CGM strengthens Europe-West Africa service network Marseille-based container line CMA CGM announced an upgrade to its service network from Europe to West Africa, featuring the following enhancements: Casablanca will now be exclusively served through the company's Wazzan service, offering a direct weekly connection to Dakar, Senegal. Sierra Leone's port of Freetown will transition to the Medwax service, while Dakar will move to the Wazzan service,
Regional Container Lines names two new boxships in Japan Regional Container Lines (RCL) named its two latest vessels, Ussama Bhum and Varanya Bhum, in a ceremony at the Japanese Hiroshima Shipyard on 27 August. The new vessels each boasting a capacity of 12,000 TEUs were constructed by Imabari Shipbuilding Co. Ltd. and are quipped with the latest advancements in maritime technology. Ussama Bhum symbolises "Land of Genial" and Varanya Bhum stands for "L
Atlantic capacity cuts and volumes push up rates Uncertainty is affecting the Atlantic trade as the election rhetoric ramps up, and we approach the deadline for employers and US East Coast dockers to reach a contract agreement. Rates on the Atlantic have fluctuated over this year as shippers seek to avoid the worst effects of the Red Sea diversion, which has seen capacity redeployed from the Atlantic to both the Pacific and Asia/Europe trades.
Saipem semisub to stay with Aker BP for one more year Italian energy services contractor Saipem has been awarded an extension for one of its rigs by oil and gas operator Aker BP. Aker BP gave an extension to the Scarabeo 8 semisub which is currently under contract with the company until the end of 2025. Initially, the rig won a three-year, $325m deal with Aker ...
Great Eastern Shipping gets rid of 19-year-old suezmax Indian owner Great Eastern Shipping has made a deal to sell its 2005-built suezmax crude tanker Jag Lalit to an unaffiliated third party. The deal for the 158,344 dwt vessel was made on Friday and the delivery is expected to occur by the third quarter of the fiscal year 2025. Including Jag Lalit, the company's ...
US east coast in focus as box spot rates nosedive October 1 looks increasingly like the date that will decide Q4 liner fortunes with the incredibly volatile spot markets in free-fall at present, and seemingly only a big American dockworker strike as the sole major event on the horizon to soak up tonnage and halt the slide. Having lost 8% the week before, Drewry's World ...
MOL takes first small step into space investment MOL PLUS, the investment arm of Japan's largest shipowner, Mitsui OSK Lines (MOL), will be investing in Innovative Space Carrier (ISC), a startup developing small reusable rockets. Tokyo-headquartered ISC is currently focused on developing reusable rockets for satellite launches, with plans to expand into manned space transportation services and the spaceport industry. All this is ...
SHI chooses KBR for floating blue ammonia production study Houston-based engineering and construction services giant KBR has been awarded a conceptual study contract for floating blue ammonia production from South Korean shipbuilder Samsung Heavy Industries (SHI). The award is part of SHI's diversification in the ocean energy business, with a focus on maritime technology. The study will utilize KBR's blue ammonia technology suitable for offshore ...
Condemnation rains in over Russian strike on Greek bulker in the Black Sea There has been widespread international condemnation of a Russian missile strike on a Greek-operated bulk carrier off Romania this week, although security analysts are unsure whether this was a hit specifically aiming at a merchant ship or a misguided strike as part of a wider campaign against Ukrainian infrastructure in the region. Marking the first ...
DSV wins the race to acquire Schenker Finally putting to bed one of this year's longer-running takeover sagas, which has seen multiple containerlines linked, Danish logistics giant DSV today confirmed that it signed an agreement to acquire Schenker from Deutsche Bahn for €14.3bn ($15.83bn). In the long process of selling Schenker, containerlines such as Maersk and Hapag-Lloyd were linked with a possible ...
China strengthens grip on global shipbuilding Broker BRS has provided an update on one of the main shipping themes of 2024 - China's strengthening grip on the world's shipbuilding output. Splash has been reporting regularly on how Chinese yards are being expanded or reactivated as the nation takes on a record-long orderbook stretching deep into 2027. In terms of vessel delivery ...
Renexia hires Aker Solutions for Mediterranean floating wind farm work Italian renewable energy firm Renexia has signed a front-end engineering and design contract (FEED) with Aker Solutions to design the underwater substations for Med Wind, a floating wind farm in the Mediterranean Sea. The agreement involves the design of eight modules, two for each section of the Med Wind park, to be laid on the ...
Yangzijiang buys into Tsuneishi's China yard Singapore-listed Yangzijiang Shipbuilding, China's largest private shipbuilder, has entered into a joint venture agreement with Japan's Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding through a private share allotment worth $117m. Over the years, the two companies have collaborated in various areas of shipbuilding through their joint venture in Jiangsu
North Sea wind farm survey solves World War I shipwreck mystery A North Sea survey of the proposed MarramWind floating offshore wind farm site by the Fugro Galaxy survey vessel discovered the wreckage of a Russian World War I merchant vessel. The survey, for what could be one of the first floating offshore wind farms in the world, revealed the likely resting place of the SS ...
Lithuanian PM turns away ship carrying ammonium nitrate The Lithuanian prime minister, Ingrida Simonyte, has said a ship carrying a potentially explosive cargo which is seeking to call in the country for urgent repairs will be denied access. Splash reported last week that the Ruby, a 37,000 dwt open hatch carrier carrying 20,000 tons of ammonium nitrate, sought emergency refuge at the port ...
Crew rescued from fire-stricken OSV off the coast of South Africa A 15-strong crew were rescued off South Africa's southern Cape seas on Thursday afternoon after their offshore supply vessel caught on fire and had to be abandoned. The South African Maritime Safety Authority (SAMSA) said that the vessel, named the Marshall Island-flagged AM Pride, caught fire early on Thursday, in an ocean area some 90 ...
LNG carrier in landmark sail installation Mitsui OSK Lines (MOL) and Chevron Shipping will install a pair of hard sails on the prow of an LNG carrier under construction at Hanhwa Ocean in South Korea, in a first for the gas shipping sector. Two Wind Challengers - the rigid, telescopic sails developed by MOL and Oshima Shipbuilding - will feature prominently ...
DSV mega-deal for DB Schenker creates ocean freight-forwarding giant The $15.85bn acquisition of DB Schenker by DSV creates a European powerhouse in ocean shipping freight forwarding. Container lines will...
VLGC rate recovery reverses course as petchem competition intensifies Despite a wide US-Asia propane price arbitrage, VLGC spot rates are sliding again, losing the momentum built through August. According...
Daily Briefing The importers' dilemma: Switch coasts or wait out US strike threat? | Chinese carrier turns Red Sea crisis into an...
Port of Long Beach August cargo volumes shatter all-time records The port of Long Beach handled more than 900,000 teu in August, making it the busiest month in the port's...
Samsung Heavy concludes wage and bargaining negotiations The labour agreement reached by SHI has injected optimism that the broader South Korean shipbuilding industry could end its strikes...
Chinese carrier turns Red Sea crisis into an opportunity China United Lines' encore in the Red Sea highlights the advantages Chinese ships hold in the region owing to geopolitics...
The importers' dilemma: Switch coasts or wait out US strike threat? It is too late to strategise for cargo already en route to US east coast and Gulf coast ports. For...
The Lloyd's List Podcast: Shipping's to-do list from hell Lloyd's List's editor-in-chief Richard Meade speaks to international shipping leaders to identify shipping's most pressing problems and ask whether the...
Sounion salvage operation could take several weeks As efforts resume to remove a blazing oil tanker that has been stuck in the Red Sea for more than...
Boxship orders to hit 3m teu as methanol mania abates More than 200 containerships with a combined capacity of 2.6m teu have been ordered since the start of the year
ONE announces optional routings around Cape of Good Hope ONE previously made clear it was monitoring the situation in the Red Sea. This marks its official announcement of the...
China's dry bulk demands defy economic challenges Although boosted by inventory build-up, China's dry bulk imports face oversupply concerns and a potential backlash from overseas markets
Zero tolerance to bullying and flexible contracts key to attracting seafarers, report says The Global Maritime Forum report surveyed 400 seafarers at 12 leading shipping companies, including Hafnia, Dorian LPG, Chevron Shipping, BP...
Chinese EV appetite and high-speed rail development slows oil demand Brent crude prices continue to fall, despite the 23-nation Organisation of the Petroleum Exporting Countries-plus alliance extending production cuts. This...
Galveston LNG bunker project proceeds with supply deal A joint venture to start LNG bunkering on the US Gulf coast in 2026 will be proceeded with a supply...
Marine underwriters gather in Berlin for IUMI conference Big Reveal will come on Monday as annual statistics reveal premium volumes broken down by class
MOL and Chevron collaborate on world's first wind-assisted LNG carrier newbuild MOL has previously installed its Wind Challenger system on bulkers and other vessels
Some carriers seek to reopen 2024-25 fixed-rate contracts in trans-Pac: NVOs It's a play by carriers to tempt NVOs with a reopened annual contract that, while higher than the deal they signed last spring, is still below current spot rates that have fallen from an early-summer peak.
White House takes aim at growing threat of 'de minimis' imports The Biden administration is targeting textile and apparel goods moving via a duty-free program by proposing tariffs while seeking more data on sub-$800 shipments.
Some carriers seek to reopen 2024-25 fixed-rate contracts in trans-Pac: NVOs It's a play by carriers to tempt NVOs with a reopened annual contract that, while higher than the deal they signed last spring, is still below current spot rates that have fallen from an early-summer peak.
Union, government hurdles ahead in DSV's $16 billion takeover of DB Schenker DSV knocked the unions' preferred bidder, private equity firm CVC Capital Partners, out of the race but the forwarder's bid now needs approval from the German parliament.
Truck driver detention by US shippers decreasing, but costs rising: study A soft freight economy and improved shipper scheduling and loading procedures are contributing to a decline in driver detention time, the American Transportation Research Institute says in a new study.
Handysize bulkers hit three-month low as Pacific Carriers fixture shows Atlantic hope Baltic Exchange spot market barometer for sector hits lowest level since May
Has a sell-off in tanker stocks positioned them for winter rally? How investment bank Jefferies sees the big change in trading prices to net asset value
Wavelength podcast: Bans, bonds, barometers and promises More sanctions as Iran supports Russia's war machine. Bond markets are hungry for shipping, here's why:
Maersk Supply Service tapped by Cenovus Energy to provide newbuilding for Canada oilfield Poland's Crist to deliver field support vessel in 2027
Navios Maritime could shift focus to dividends after more share buybacks Fearnley Securities believes giant Greek owner is moving closer to its desired cash level
'Uncontrollable' fire engulfs offshore vessel, forcing crew to abandon ship Seafarers rescued from the Alphard offshore service vessel
Skuld shoulders several large claims as it sinks to first-half underwriting loss Norwegian P&I club still reports positive result after strong investment returns
China's seaborne dry bulk imports shrug off economic wobbles Capesize and panamax sectors benefited as cargoes increased by 6% and 11%
Bulker owners strike bullish note to drown out fears around Chinese economy Leading shipping companies eye firmer winter season
Second attempt to tow burning tanker out of Red Sea danger zone set to start EU naval force has said it will provide protection to the commercial salvage operation
Kremlin claims ignorance of missile strike on grain ship in Black Sea Circumstances of attack on Turkish-operated general cargo ship remain unclear
Container freight rates to the US plummet as strike and Trump sway shippers Pending US strike and prospect of renewed tariffs hold key to market direction
Shipowner Union Maritime launches alliance to drive take-up of wind propulsion UK shipowner embarking on global tour with partners to explain how new technology can be used on vessels
Inside the ITF: How seafarers and 'superhero' dockers forged a living legacy TradeWinds explores the unique setting of the global transport workers' union London HQ
'Real disaster is we may run out of ships': Tanker owners dismiss newbuilding oversupply fears Tanker owners outlined several mitigating factors despite a rising orderbook
Great Eastern sells oldest suezmax tanker as fleet clear-out extends Indian owner banking more cash from disposal of veteran tonnage
'Uncontrollable' fire engulfs offshore vessel forcing crew to abandon ship Seafarers rescued from the Alphard offshore service vessel
DSV buys former Maersk target Schenker in $16bn deal to create biggest logistics player Danish group seals takeover of German rival from Deutsche Bahn
Berenberg bridges gap between European shipping and Japanese financiers German lender believes it can carve a niche as an intermediary without 'cannibalising' its own ship finance portfolio
John Fredriksen's SFL hunts for deals in all segments as it nets long-term funding Shipowner issued a new NOK 750m five-year senior unsecured bond on Wednesday
'You're a scrap dealer': NAT's Herbjorn Hansson slams shipping's focus on net asset value Dividends are where it's at for Norwegian tanker company boss
Ship laden with potentially explosive cargo turned away from second country Ammonium nitrate-laden Ruby has now been rejected by two European countries
Globus Maritime hunts financing deals as it looks to expand fleet Nasdaq-listed bulker owner evaluating the market for new opportunities in newbuilding and secondhand drive
JP Morgan's Schuyler Line scores tanker contract with US Navy worth up to $71m Charter deal comes after US-flag player became part of the
Crew forced to abandon ship after offshore vessel engulfed by 'uncontrollable fire' Seafarers rescued from the Alphard offshore service vessel
JP Morgan's Schuyler Line scores Far east tanker contract with US Navy worth up to $71m Charter deal comes after US-flag player became part of the
Chevron Shipping and MOL team up on first wind sails for an LNG carrier Chartered newbuilding to be fitted with two Wind Challenger units in pioneering move for ship sector
Longshoremen strike could hit hybrid port operations in Georgia, North Carolina A potential longshoremen strike could severely hamper operations at ports in Savannah, Georgia, and Wilmington, North Carolina, that have nonunion as well as union workers, experts say.
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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