Vineyard Wind suspends power production following blade failure incident Following an offshore wind turbine blade failure incident on July 13 that left large pieces of debris on Nantucket beaches, the Bureau of Safety and Environmental Enforcement (BSEE) has ordered the Vineyard
NTSB reports on $1.2 million passenger vessel fire The National Transportation Safety Board has issued its final report on its investigation of a January 19, 2023 passenger vessel fire that broke out aboard the 53 year old Qualifier 105 when
Austal USA breaks ground on new final assembly facility Austal USA celebrated groundbreaking for the company's newest final assembly facility last week. As we reported previously, the infrastructure expansion, to the south of the shipbuilder's current Mobile, Ala., waterfront facility will
SC Ports reports lower box volumes in June South Carolina Ports (SC Ports) finished fiscal year 2024 with a 7% uptick in container volumes moving through the Port of Charleston in June. SC Ports handled 218,115 TEUs and 121,267 pier containers last month, marking the second highest June on record. SC Ports noted that loaded imports were up 10% and loaded exports were up 5%, signifying overall strength in the Southeast market. "The Southea
Florida International Terminal enhances efficiency with Advent eModal's community portal Advent eModal (AeM), a port community system for the intermodal supply chain, has announced the successful implementation of its eModal® Community Portal (eCP) at Florida International Terminal (FIT) in Port Everglades. This deployment incorporates the advanced PreGate and Fee Manager applications into the eCP system, significantly improving port operations and intermodal logistics. The eModal pl
Maersk announces updated surcharges worldwide Danish ocean carrier Maersk will implement a Peak Season Surcharge (PSS) for shipments from India, Bangladesh and Sri Lanka to Bahrain for all dry containers starting 28 July 2024. Origin Destination Charge Basis Container Currency Levels India, Bangaladesh, Sri Lanka Bahrain Per container ALL DRY US$ 100 Additionally, Maersk will raise the PSS for shipments from the United Arab Emirates, Banglad
MSC increases own-operated service share ahead of 2M termination The 2M Alliance, which currently includes the top two shipping lines MSC and Maersk, is scheduled to conclude in February 2025. Following this, Maersk will join forces with Hapag-Lloyd to establish the Gemini Cooperation. In response, MSC appears to be redirecting its attention towards expanding its independently operated services. Specifically, MSC has been increasing its market share in capacit
Maersk Line boss: Red Sea crisis impacting all trade lanes Maersk Line said today (17 July) that the Red Sea crisis has spread beyond its Asia-Europe network and has affected its whole worldwide portfolio. CEO Vincent Clerc explained that the coming months will be challenging for carriers and businesses alike, as the Red Sea situation stretches into the third quarter of 2024. Clerc was speaking at an online event with customers a week after the Danish ca
US containerized import volumes show strength Despite geopolitical and macroeconomic uncertainties, United States container import volumes appear to be holding up very well, as evidenced by year-over-year volume gains. "We're experiencing the strongest surge in volume we've seen in two years, and that's a good sign for what retailers expect in sales," said Jonathan Gold, vice president for supply chain and customs policy for the National Ret
European Investment Bank commits €90 million for Livorno port sustainable growth In Livorno, a financing agreement of €90 million (US$98 million) was signed by European Investment Bank (EIB) vice-president Gelsomina Vigliotti and president of Autorità di Sistema Portuale del Mar Tirreno Settentrionale Luciano Guerrieri. The signing event was attended by Eugenio Giani, President of the Tuscany Region, Luca Salvetti, Mayor of Livorno, and Gaetano Angora, Commander of the Port o
Tussle between HMM and Samsung escalates The legal wrangling between South Korea's flagship carrier HMM and its compatriot conglomerate Samsung Electronics is deepening. After Samsung Electronics' US branch filed a complaint with the US Federal Maritime Commission (FMC) on 5 June, alleging that HMM had caused it to suffer loss resulting from 96,000 instances of demurrage and detention, the liner operator has fired its own salvo. On 1 Ju
CEVA and Almajdouie Logistics sign Saudi Arabia joint venture deal CEVA Logistics, as part of its strategic plan, announced the signing of a Joint Venture (JV) agreement with Almajdouie Logistics, a logistics provider in Saudi Arabia. The agreement is now pending regulatory approval. CEVA Logistics will hold the majority stake in the new JV. Almajdouie Logistics stands to benefit from CEVA's expansive global network, enhancing its ability to offer comprehensive
Port of Long Beach sets June record with over 840,000 TEUs The Port of Long Beach experienced its busiest June on record, fueled by strong consumer spending, potential tariff hikes and ongoing labour contract negotiations at seaports along the East and Gulf coasts. In June, dockworkers and terminal operators handled 842,446 TEUs, marking a 41.1% increase from the same month last year and surpassing the previous June 2022 record by 7,034 TEUs. "We are rec
CMA CGM increases rates from North Europe to US Marseille-based container line CMA CGM has announced that effective from 15 August, a rate restoration initiative 5 (RRI05) will be implemented from North Europe to the United States. This initiative applies to all ports of load in North Europe, including North France, the United Kingdom, Ireland, Scandinavia, Poland, the Baltic, Portugal, and North Spain (Bilbao, Vigo, Gijon) destined for the US
CNC commences Singapore-Myanmar service CMA CGM's intra-Asia shortsea specialist CNC launched a new service between Singapore and Myanmar on 24 June. CNC's Yangon Singapore Express (YSX) service offers a direct connection for cargo movement between the port of Singapore and the port of Yangon in Myanmar. The port rotation of the YSX service is Singapore - Yangon (Myanmar) - Singapore. The YSX service will operate on a weekly basis, cat
The Untold Story Behind Free VIN Decoding Services Nikita Khandelwal: https:/ /www.pexels.com/uk-ua/photo/819805/ Definition of VIN Decoding VIN decoding is the process of deciphering a 17-character Vehicle Identification Number (VIN) that uniquely identifies a vehicle. Each character in a VIN has a specific meaning which gives information about the vehicle, including the country of manufacture, the manufacturer, the vehicle type and model, year
German trade union sends ZDS final offer to members for decision In the collective bargaining round of the negotations between terminals and unions in Germany, the Central Association of German Seaport Companies (ZDS) made a final offer to ver.di, the trade union representing the German port workers. The offer includes two variants with different terms compared to the prevous offer. The union will now launch a member survey to evaluate the offer. "Now it's up
Port of Algeciras to enhance traceability with new OCR software The Port Authority of the Bay of Algeciras (APBA) has integrated AllRead's Optical Character Recognition (OCR) software into its infrastructure system to enhance traceability at 22 road and two railway checkpoints. Initiated in 2020 under APBA's "Journey of Innovation" programme, this collaboration between APBA and AllRead aims to optimise real-time traffic monitoring and supervision without disr
Vessel redeployment forces rate rises in secondary trades Liner companies chasing the high returns on the major trade lanes are shifting tonnage from secondary services, with consultancy Xeneta warning shippers and forwarders that capacity constraints in second string services will force up rates. Hong Kong-based Linerlytica believes these increases may have already begun with consultancy reporting today that capacity injections have been seen in the In
Port of Los Angeles to receive US$8 million grant for cloud-based optimizer The Port of Los Angeles' Port Optimizer technology data portal is set for significant upgrades, thanks to a US$8 million grant from the California Governor's Office of Business and Economic Development (GO-Biz). This grant, the largest of five awarded by GO-Biz totalling US$27 million, aims to enhance data and supply chain functionality across California's port network. "We're thrilled that this
Jesper Kristensen steps down as Unifeeder CEO Jesper Kristensen has decided to step down as chief executive of Unifeeder Group. The long-serving veteran of the DP World-controlled feeder operator has also resigned as chief operating officer of DP World Marine Services, a role he has led since 2021. He will be succeeded by Martin Gaard Christiansen, who will head up the business ...
Houthis issue chilling video of latest ship strike The Houthi rebels have released a video of the most recent attack using an unmanned watercraft on a Liberia-flagged oil tanker Chios Lion in the Red Sea. The video shows an unmanned vessel doing damage to the tanker's port side. They did several attacks on the vessel and another ship sailing some 100 nautical miles ...
A.P. Moller Holding puts money into Noble stock Denmark's A.P. Moller Holding has boosted its position in Noble Corporation ahead of the anticipated merger with Diamond Offshore, taking its shareholding in the offshore rig owner to just over 20%. Filings to the US Securities and Exchange Commission show A.P. Moller Holding subsidiary APMH Invest has added about 1.13m shares in multiple open market ...
Upcoming arrival of La Niña set to impact trading patterns Meteorologists in various nations have now concluded the world is set to be impacted by the weather phenomenon known as La Niña from as early as next month, something that will alter shipping trade patterns heading into the new year. La Niña is characterised by cooler-than-average waters and tends to have a significant effect on ...
Vineyard Wind starts debris recovery after wind turbine blade damage Vineyard Wind, a joint venture between Iberdrola's US arm Avangrid and Copenhagen Infrastructure Partners, has announced that it would be mobilising debris recovery teams to recover shards of a damaged blade from one of its wind turbines. A Vineyard Wind turbine suffered blade damage on Saturday night. No one was hurt, but chunks of the ...
RWE granted first offshore wind farm license off Australia German utility RWE has been granted a feasibility licence from the Australian government to develop an offshore wind farm in the Bass Strait, off the Gippsland coast in Victoria. This approval for the licence in Australia's first designated offshore wind zone grants RWE an exclusive seven-year seabed right to develop the Kent Offshore Wind Farm ...
Latvians showcase first-ever fully-functioning 5G maritime connectivity concept Latvian mobile innovator and telco operator LMT, in collaboration with Latvian port technical services provider LVR Fleet, has conducted a successful 5G maritime connectivity concept demonstration. It showcased fully functioning 5G network connectivity from shore to ship, between ships, and between ships and drones. The demo was held in the Port of Riga and was ...
Oldendorff lets go of another post-panamax German dry bulk powerhouse Oldendorff has let go of a ship despite softening prices as the market takes a breath. According to sales registers, the German post-panamax expert has sold six ships, with four sold in pairs since June. The Henning Oldendorff-led owner has now let go of one more, selling the 11-year-old, 96,000 dwt, Imabari-built, ...
TGS clinches North American OBN seismic contract Norwegian offshore seismic acquisition specialist and data provider TGS has won an ocean bottom node (OBN) contract in North America. The company said the contract is for more than six months with a "major returning client" and that the award bolsters its footprint in the OBN market. A similar six-month-plus deal was announced in May, ...
16 feared dead as tanker capsizes off Oman Sixteen crew are feared to have perished after a small tanker capsized off Oman on Monday. Search and rescue operations to find the 13 Indians and three Sri Lankans who were onboard the 7,056 dwt, Comoros-flagged Prestige Falcon have thus far been unsuccessful. The vessel had been headed for the Yemeni port city of Aden, ...
The UK has a shipping pollution problem. Is the new government ready to solve it? Blánaid Sheeran, Opportunity Green's policy officer, explains why the new UK government has all evidence it needs to support a wider Emissions Control Area. A recent study by the International Council on Clean Transportation (ICCT) demonstrates severe air pollution problems in UK waters, due to heavy shipping traffic and a lack of adequate regulation. And ...
IANA says long-time CEO Casey will retire at end of 2024 Joni Casey played a critical role in the expansion of the Uniform Intermodal Interchange and Facilities Agreement, a set of governing rules over the transfer of containers from one mode to another.
XPO expands cross-border services as LTL interest in Mexico grows The third-largest US less-than-truckload provider is expanding its service centers along the US-Mexico border, anticipating an increase in northbound industrial freight.
J.B. Hunt's lackluster Q2 volume shows ocean cargo not helping domestic carriers The largest intermodal company in North America is skeptical that the market is turning away from shippers, saying it needs more evidence before believing carriers have gained the upper hand in pricing negotiations.
Trans-Pac rate stall raises questions about staying power of H1 volume surge Key to those questions is whether the first-half volume growth was primarily a result of robust underlying demand or rather logistics decisions by skittish shippers to advance the peak season in the face of second-half risk.
Journal of Commerce Rankings: Kerry consolidates top NVO position The overall market share of the top 25 non-vessel-operating common carriers in the eastbound trans-Pacific rose 0.8% year over year from January through May, signaling that the largest NVOs weren't able to take much volume from mid-market peers.
ONE strikes 10-ship newbuilding deal to double down on methanol fuel bet Liner company has returned to China's Yangzijiang Shipbuilding and Jiangnan Shipyard for more 13,000-teu newbuildings
Analysis: Houthi claims of Mediterranean strikes seen as escalation in information war Houthi weapons not seen as likely to reach beyond Red Sea, but potential for regional partnership a risk
Diana Shipping stalwart revealed to have built private tanker fleet for family Veteran executive has operated a tanker company under the radar for five years
One seafarer dies from capsized tanker. Nine others are rescued Eight Indians and one Sri Lankan found alive in rescue operation
Mining giant Vale sees iron ore output boost as guidance offers hope for capesize market Brazilian miner confident on reaching high end of 2024 production target
Purus Marine drafts Japanese shipping veteran as senior advisor Former K Line executive is the latest to join top team at UK shipowner
Strike threat and supply-chain fears loom as US dockworkers plan to 'hit the streets' Maersk's alleged use of automation system cited as a key sticking point for talks
Shipping faces $1.46bn in penalties from next European carbon emission crackdown Possible new market set to emerge as ship operators trade FuelEU Maritime surplus and deficit volumes
Secret vote: EU lawmakers double down on Chinese electric vehicle tariffs Chinese-built models are one of the factors boosting the car carrier market
Commercial insurer wins ruling on $47m loss from bulker grounding Lawyers say English court ruling on Solomon Islands total loss is a win for fixed premium market
Tufton Oceanic boosts dividend as 'supply-driven upcycle' takes shape Profit rises in strong markets driving bulker and chemical tankers
Four staff quit Oldendorff Carriers as talk of new Peter Twiss venture intensifies Singapore team said to have joined bulker operating platform founded by former chief executive
Takeovers and tragedy: How new OSG owner built a multi-billion dollar shipping empire Takeover is expected to give OSG access to investment with move into private conglomerate
Performance Shipping close to lease finance deals for product tanker newbuilding trio Greek owner concludes sale-and-leaseback agreement for its first LR2 newbuilding and is in close talks for another two
Evangelos Marinakis doubles newcastlemax play by snapping up ship from mining firm Greek owner's investment in large ore carriers is bigger than previously thought
Robbers armed with guns and knives target bulker in piracy hotspot NYK Line capesize was also recently targeted by opportunist thieves in the same area
Stolt-Nielsen stock upgraded as slump opens door for investors Norne sees higher chemical tanker rates at least for third quarter
Houthi video claims to show fiery explosion in attack on Stealth Maritime tanker Footage published on the militant group's website could not be immediately authenticated
Peraticos family returns to dry bulk market as new venture lands its first purchase New Athens-based company emerges as the owner of Japanese-built kamsarmax
Pirates growing more violent as gun and knife cases rise in 2024 International Maritime Bureau notes increase in hostage taking despite drop in overall piracy cases
BW LPG sees profit for gas trading unit falling in second quarter VLGC owner will release second quarter report on 22 August
Shipbuilding giant New Times plots major expansion to cope with $5.7bn container ship order run Privately owned shipyard's new facility is slated to deliver its first vessel in 2027
Cargo dissolves as salvors focus on sealing fuel tanks on grounded Ultrabulk ship Salvage efforts on the Ultra Galaxy are being helped by good weather, says South Africa's maritime regulator
Chinese lessor hopes to score at least $22.5m from sale of panamax bulker CDB Leasing selling 2014-built CL Dalian via online auction platform
Hurtigruten advert banned in UK over 'misleading' sustainability claim Environmental claims must be based on the full life cycle of the advertised product, said regulator
Compensation body set to step in over Singapore port oil spill IOPC Funds pays out to victims of oil pollution if costs go beyond liability of shipowner
Kalitta Air faces $400,000 penalty for FAA violation The Federal Aviation Administration has proposed a civil penalty of $400,000 against cargo airline Kalitta Air for allegedly operating flights in a prohibited region when certain aircraft have a faulty [...]
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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