Self-driving ferries will ease pressures on crews on one Norwegian route Norwegian ferry operator Torghatten and Kongsberg Maritime have entered into a contract for the development of a system for self-driving ferries on the Flakk-Rørvik route. Part of the Norwegian highway network, County
VIDEO: Barge strikes Pelican Island bridge Response efforts have been ongoing since a 321-foot barge carrying bunker fuel yesterday slammed into the bridge connecting Galveston with Pelican Island, the site of the Texas A&M Maritime Academy. The barge,
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Los Angeles port receives record US$58 million for harbor maintenance The US Army Corps of Engineers has announced the Port of Los Angeles will receive an estimated million in federal funding this year for maintaining its harbor channels and repairing its wharves. The Port of Los Angeles estimates the total need for navigation maintenance and repair projects at US$6.7 billion. In addition to dredging, pending projects include seismic safety upgrades, wharf and fend
Chinese ports increase container throughput in first quarter In the first quarter of 2024, the container throughput of China ports was 76.7 million TEUs, representing a 10% year-on-year increase. As expected, the Shanghai port has the lion's share, handling 12.45 million TEUs, followed by the Ningbo-Zhoushan and Guangzhou ports with 9.14 million and 6.09 million TEUs, respectively. The largest increases in container volumes were reported at the Beibu Gulf,
AD Ports signs agreement for multi-purpose port in Chittagong AD Ports Group signed a Memorandum of Understanding (MoU) with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh. The agreement was signed in the presence of Abdulla AlHmoudi, UAE Ambassador, Head of the UAE Mission to Bangladesh and Khalid Mahmud Chowdhury, MP, Honourable Mini
Hapag-Lloyd and Scan Global Logistics sign major biofuel deal German container shipping company Hapag-Lloyd and Danish transport and logistics solution provider Scan Global Logistics (SGL) enter into a multimillion-dollar ocean biofuel agreement. SGL and Hapag-Lloyd have embarked on an initiative to integrate biofuels into their shipping operations. By utilizing biofuel derived from renewable sources, both partners aim to support customers in substantially
Port Authority of Valencia appoints new representatives The three Navigation and Port Councils of the Port Authority of Valencia (PAV), València , Sagunto and Gandia , have new members. On 13 May, in a mixed format (face-to-face and virtual), the Port Community, the social agents, the business sectors and the Administration that make up the three Councils chose their representatives. This assistance and information body of the Harbour Master's Office
HHLA faces challenging start to the year The revenue and earnings performance of the German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) declined in the first three months of 2024. HHLA pointed out that ongoing crises, rising geopolitical tensions and military conflicts worldwide have created an unstable trade environment and have resulted in major delays and several sailing cancellations in European ports. As a res
DP World boosts Romania port sector with €130 million investment DP World opens three major new sites in Romania, providing a significant boost to the country's growing status as a key hub of European trade and enabling economic growth throughout the region. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a 50,000m² 'project' cargo terminal for heavy, large and complex cargo, and a n
Global Ship Lease to utilize Ankeri's software platform London-headquartered container vessel owner Global Ship Lease (GSL) has announced a partnership with digital solution provider Ankeri Solutions. GSL aims to utilize Ankeri's software platform to digitalize, streamline, and automate its maritime workflows, enhancing vessel data-sharing capabilities with liner operators. Thomas Lister, CEO of Global Ship Lease, stated, "Decarbonization and digitiza
New truck charging depot to open at Port of Long Beach in 2024 Forum Mobility will operate a new truck charging depot in Long Beach, which is scheduled to be ready between September and November 2024. Construction works commenced on 15 May. The facility is expected to support the Port of Long Beach with its goal of zero-emissions operations for drayage trucks by 2035 and is anticipated to meet the accelerating demand for heavy-duty electric trucks serving th
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SC Ports sees steady box volumes April Container volumes remained steady at the marine terminals of South Carolina Ports (SC Ports) with 215,058 TEUs and 119,840 pier containers handled last month. At the same time, the automotive sector reflected strength at SC Ports, with 18,118 vehicles rolling across its docks last month. Monthly vehicle volumes are up 40% from last year. Meanwhile, retailers, manufacturers and agricultural produc
CoolCo inks long-term charter with GAIL for LNG newbuild LNG carrier pure-play Cool Company (CoolCo) has landed a 14-year charter deal with India's top gas utility GAIL for one of its vessels under construction in South Korea. The New York and Oslo-listed owner and operator said the charter, starting in early 2025, comes with the option to extend by two additional years. The deal ...
AD Ports seals Chittagong port deal AD Ports Group has reached a nonbinding agreement to explore the development and operation of a multipurpose port in Chittagong on the southeastern coast of Bangladesh. A memorandum of understanding between the Abu Dhabi-based ports and logistics giant and the Chittagong Port Authority was signed in the presence of Abdulla Al-Hmoudi, head of the UAE ...
Seadrill offloads Qatar jackup fleet Seadrill has officially offloaded three of its jackup rigs and an equity interest in its Qatari joint venture, Gulfdrill. The New York and Oslo-listed offshore rig owner has struck a $338m deal with its joint venture partner Gulf Drilling International (GDI) to take over the business and the jackups West Castor, West Telesto and West ...
Deltamarin and EcoLog reveal new LCO2 design Ship designer Deltamarin and carbon capture, utilisation, and storage (CCUS) player EcoLog have revealed a design for a new LCO2 carrier design. The design for the intra-EU, short-range, low-pressure, and shallow draft LCO2 carrier will be tendered at shipyards worldwide. During the initial design, various solutions were carefully studied to optimize the vessel for LCO2 ...
EU grants project of common interest status to CCS scheme in Latvia and Lithuania The European Commission has granted the status of project of common interest (PCI) to the CO2 capture and transportation project in Lithuania and Latvia developed by the CCS Baltic Consortium. The consortium consists of Akmenes Cementas, KN Energies, Larvik Shipping, Mitsui O.S.K. Lines (MOL), and Schwenk Latvija. This means that the project is recognized as ...
Stopford calls time on globalisation The world's most famous shipping economist, Dr Martin Stopford, is penning a fourth edition to one of the industry's most seminal books, in which he has hinted that the era of big ships on deepsea trades is coming to a close. Stopford's book, Maritime Economics, first published in 1988, has become required reading for many ...
Union delays Vancouver port strike notice The Canadian union representing port workers in Vancouver has postponed delivering a 72-hour strike notice in order to participate in federal mediation with employers. Local 514 of the International Longshore & Warehouse Union Canada, representing about 730 ship and dock forepersons, acquired the right to go on strike after contract talks with the British Columbia ...
'There's a chronic shortage of ships': Iron ore trades conclude debate at this year's Geneva Dry Iron ore is sometimes called a "pretty boring cargo", but it is "essential". These were the opening remarks by moderator Tim Huxley to the final session at this month's Geneva Dry conference, with the following 60 minutes' iron ore chat being anything but dull. "This year we've had the best start to a year since ...
Elicio and BayWa win 270MW French floating wind tender The consortium between wind energy producer Elicio and renewable energy developer BayWa has been announced as the winner of the tender to develop France's first commercial floating offshore wind farm. The award is the outcome of a competitive tender process initiated in 2021 for an offshore floating wind project with a capacity between 230 and ...
Dolphin Drilling refutes existence of restraining order against Blackford Dolphin rig The saga surrounding General Hydrocarbons Limited (GHL) and its attempts to force Dolphin Drilling to complete the work under the terminated drilling contract for the Blackford Dolphin rig continues with the offshore driller stating that no restraining order was given for its rig or any of its subsidiaries. Local media claimed that the Nigerian offshore ...
Seatrium wins work on SBM's Guyana-bound Jaguar FPSO Singapore shipyard group Seatrium has been awarded a contract for the topsides fabrication and integration of a floating production storage and offloading (FPSO) vessel by an SBM Offshore subsidiary. Under the contract with Single Buoy Moorings, Seatrium will construct several topside modules, riser, mooring, and umbilical structures, followed by the installation and integration of these ...
Hayfin raids secondhand cape market UK alternative investment platform Hayfin Capital Management has used its shipping war chest to grow its exposure in the capesize bulker segment. The London-based company has been linked to three purchases this year, which will take its cape fleet to five vessels. The latest reported move has been on Phoenix Energy Navigation's 2009-built Corinthian Phoenix, ...
Diamond Offshore gets $350m drillship extension New York-listed offshore drilling contractor Diamond Offshore has executed a two-year contract extension for one of its rigs with Occidental subsidiary, Anadarko Petroleum, in the US Gulf of Mexico. The extension was awarded to the Ocean BlackHawk and will begin in November 2024 in direct continuation of the rig's current contract. The deal is set ...
Seanergy reveals another capesize swoop Greek capesize specialist Seanergy Maritime has further strengthened its fleet with the purchase of another Japanese-built vessel. The Stamatis Tsantanis-led owner and operator said it had snapped up an unnamed 181,396 dwt unit built at Koyo Dock in 2012 for $35.6m. The ship description matches the Orange Tiara, which, according to S&P databases, Japanese owner ...
Sea Pioneer lifts MR tanker orderbook in South Korea Greek owner Sea Pioneer Shipping has firmed up a pair of MR product tanker newbuilds at South Korea's K Shipbuilding. Shipbuilding sources report the Vasilis Bacolitsas-led company called the options it held for the 50,000 dwt duo at $45m each after the initial two-ship order last November. The first two units will be delivered in ...
Bridge struck by barge in Texas Another American bridge has been struck by a vessel, this time in Texas. A barge owned by Martin Petroleum slammed into a bridge pillar in Galveston yesterday, spilling oil into waters and closing the only road to a small neighbouring island. A tugboat operator pushing two barges lost control of them in a high tide ...
World's first methanol-powered tug starts operating in Belgium The Port of Antwerp-Bruges has presented a world premier: the Methatug, a tugboat, which runs on methanol. Engines from an existing tugboat were converted into dual fuel engines. The 30 m long tugboat has a traction force of 50 tons and can store 12,000 litres of methanol, enough for two weeks of tug work. The ...
MOL fixes LPG newbuilds with TotalEnergies Mitsui OSK Lines (MOL) has contracted Hyundai Samho Heavy Industries (pictured) to build a pair of 88,000 cu m LPG carriers. The 230 m long LPG-fuelled ships will go on time charter to France's TotalEnergies when they deliver in 2026. No price has been revealed for the newbuilds. The ships will be able to transport ...
FuelEU to more than double biofuel bunker demand Bunkering patterns started to change with more vessels trying to refuel with biofuel blends
Shipment from occupied Sevastopol to Venezuela marks new direction for Russia grain trades A sanctioned Russian bulker, owned by a sanctioned Russia firm, has loaded grain from a sanctioned occupied port and is...
D'Amico family sells $43.7m of shares in tanker outfit Italy's d'Amico International, a holding company that owns the majority of Milan-listed d'Amico Shipping, sold $43.7m of shares in the...
DP World sees 'fundamental role' for Romania as trade hub Two new terminals and an intermodal rail facility opening next year mean Constanta will be connected to the Baltic Sea...
Philippines welcomes Hyundai's investment in Subic shipyard The Philippines government welcomed the project as a chance to revive shipbuilding capacity
Dutch owner entitled to reject euro payments from Deripaska subsidiary Decision will reignite arguments, admits barrister for appellants
Bigger delivery tankers needed for alternative fuels, says Maersk Methanol and ammonia ships will need double the volume of fuel for the same energy. Maersk head of fuel transition...
Ship recycling sales increase as prices head upwards While the supply of tonnage has been rising there is unlikely to be any notable increase in ship recycling, as...
West results 'exceed expectations' after de-risking cull Reduced payouts appear to validate controversial decision to say goodbye to members with worst loss records
Daily Briefing Tanker freight rates strengthen even as electric cars weigh on oil demand growth | Hapag-Lloyd hikes full-year guidance, sees steep...
Oregon governor proposes $40 million to keep Portland container service alive The apparent lifeline comes after port officials announced in April that container service at Portland would end in October due to growing financial losses and the inability to find a third-party operator to take over Terminal 6.
CSX sees operational gains at Fairburn terminal after resource boost The railroad is tackling one of the major pain points at the Atlanta-area terminal after congestion had gotten so bad in recent years that fleets would pay drivers extra just to go into the facility.
Hamburg Q1 volume edges up on strong US trade, imports from China Record container traffic between Hamburg and the US combined with increasing imports from China to nudge throughput at Europe's third-largest port back into the black.
Trade groups warn of Europe import delays amid new security measures The customs pre-arrival security and safety program is being implemented in three steps, starting with ocean and inland waterway carriers in June.
Scheduling automation platform takes aim at truckload appointment inefficiencies Amid a range of efforts to automate and standardize truckload appointments, a new provider has launched a neutral platform to reduce manual work and errors associated with the process.
HD Hyundai expands shipbuilding capacity in the Philippines Subic shipyard will resume operation in the next 12 to 18 months
Kistefos sues Solstad Offshore board and CEO over refinancing Oslo-listed Solstad maintains Christen Sveaas' claims over restructuring are 'without merit'
Global Ship Lease net income sails past analyst estimates as charter rates rise But amid boost from disruptions and demand, container ship owner retains risk-averse approach
Where has a sudden rise in container freight rates come from? Carriers have no explanation for an unexplained spike
CoolCo scores long-term charter for LNG newbuildings Gail India takes ship for 14 years to keep gas flowing into India
German owner Harren Group goes public with third-party ship management offering German shipping group aims to grow one more facet of its wide gamut of services
Solstad Offshore rakes in profit after post-refinancing fleet shuffle Solstad Offshore brought in NOK 768m in revenue in the quarter while Solstad Maritime earned NOK 1.2bn
Greek owner EcoLog unveils carbon carrier design from Deltamarin Company preparing to go out to shipyards for its planned newbuildings
'Summer surprise' may be coming for tankers, Okeanis CEO says Greek tanker company believes owners just need a further demand driver to break shippers' grip on the market
Swiss trader Montfort moves into gas shipping with newbuildings from Japanese shipowner Trader says deal for dual-fuel duo is first step in strategic move to expand in LPG and ammonia shipping
New US LNG bunkering facility unveiled for Monkey Island Company plans to build its own bunker vessel for Louisiana terminal
Ocean Yield 'more cautious' on new transactions as it builds 'firepower' Sale-and-leaseback specialist has $215.3m in available liquidity for transactions
Hafnia's Mikael Skov talks up positive effect of US listing Danish executive says investors are currently looking favourably on shipping companies
Shadow fleet tankers involved in more than 50 incidents, says Allianz Safety review out next week will flag risks to shipping from geopolitical crises and tech-backed attacks
Yang Ming spending almost $300m to buy neo-panamax container ship trio Taipei-listed carrier has again dug deep to acquire vessels from Japanese shipowner
'Too many' ammonia carriers to even think about VLGC retrofits, Avance Gas' Oystein Kalleklev says Norwegian executive says ammonia transport demand is not yet sufficient to justify converting LPG carriers
Navigator reveals investment in clean ammonia export project as profit rises LPG carrier owner hopes to be big player in US Gulf terminal
'Post-traumatic dividends syndrome': Oystein Kalleklev gives health warning on Avance Gas payouts CEO says capital returns were so high in first quarter that some investors may experience 'shortness of breath, increased blood pressure'
Container ship players eye $7.5bn push for 50 newbuildings Big-name outfits and regional players return to shipyards in orders flurry
LNG bunkering hovers on brink of triple-digit growth But looming bunker vessel supply crunch and operational experience is prompting rethinks on ship designs
Avance Gas shares downgraded as Pareto sees 'time for a pause' after stock rally Pareto cuts to hold with target price NOK195 per share
MOL confirms VLGC order as TotalEnergies seals charter Japanese owner taking delivery of LPG-fuelled duo in 2026
Okeanis says tanker potential 'staggering' as it reveals second-quarter rate rises Greek owner's profit took a tumble in first three months, but refinancings are saving it money
Shipping investor Navigare Capital Partners brings in ex-Maersk man to board Pastwa has experience from Copenhagen Infrastructure Partners, TDC Group, ISS and AP Moller-Maersk
Swiss trader Montfort moves into gas shipping through newbuild deal with Japanese owner Trader says deal for dual-fuel duo is first step in strategic move to expand in LPG and ammonia shipping
Thoresen Shipping rides stronger bulker market to bigger first-quarter profit Thai supramax specialist also reveals a substantial decline in carbon emissions by its fleet
Italy's d'Amico family sells $44m piece of tanker company DIS Aim of share deal is to boost liquidity of the stock in Milan
Ocean Yield hunts new vessel investment as cash piles up in the first quarter Norwegian shipowner has $215m in available liquidity
Montfort secures medium size gas carriers newbuilds in deal with Japanese owner Trader says deal for dual-fuel duo is first step in strategic move to expand in LPG and ammonia shipping
Mermaid Maritime turns around year-ago loss on stronger offshore market Singapore-listed company says geopolitical issues are also prompting companies to expand their portfolios into new areas
Thorsen Shipping rides stronger bulker market to bigger first quarter profit Thai supramax specialist also reveals substantial decline in CO2 emission by its fleet last year
Container ship players eye $7.5bn 50-vessel push in return to newbuildings Big-name outfits and regional players return to shipyards as newbuilding market returns to life
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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