OFAC sanctions a third tanker captain in new move against Houthi enablers Earlier this month, the U.S. Treasury designated the captains of two Houthi-linked tankers, both Indian nationals, in its moves against the Houthis. Now, Vyacheslav Salyga, a 53-year old Ukrainian national, has become
Alabama Shipyard wins $11.4 million USNS Kanawha contract USNS Kanawha (T-AO 196), one of the Military Sealift Command fleet oilers that has been deployed to the U.S. 5th Fleet area of operations in the Red Sea, is headed for Alabama
Port of Montreal among North America's greenest ports For the 17th consecutive year, the Port of Montreal has been recognized for its sustainable development practices and environmental performance by Green Marine, the leading voluntary environmental certification programme in the marine shipping industry. The results were announced at the annual GreenTech conference held in Halifax, Canada from 5 to 7 June. Among the 59 participating port authoriti
Leschaco Logistic Indonesia receives AEO certification Leschaco Logistic Indonesia, a global logistics service provider, has recently been awarded the prestigious AEO (Authorized Economic Operator) certification, underscoring its commitment to delivering reliable and high-quality logistics services worldwide. Achieving AEO certification is a significant milestone for Leschaco Indonesia, establishing the company as a trusted partner for customs cleara
APM Terminals introduces Shipping Line Dashboard Digital solutions are pivotal in modern terminal operations, offering unparalleled opportunities to accelerate and optimize cargo flow through container terminals. In a significant advancement in customer service, APM Terminals introduced the Shipping Line Dashboard to enhance connectivity and collaboration between shipping lines and terminal services. "This service has now been rolled out in 11
Clean-up of Antwerp oil spill completed The clean-up operations of ships and quay walls are over at Deurganckdok at the Port of Antwerp-Bruges, after the recent oil spill. All vessels involved in the incident and contaminated have left the Deurganckdok, according to the port authority. "The quay walls are fully available again and there is no longer a selective ban on navigation in the Deurganckdok," said Port of Antwerp-Bruges in the
Shipping Market Leaders: Ratings and Reviews of Transportation Companies Shipping and transportation industries support economic development, connect markets and international trade, and make everyday life more convenient. Finding the best shipping company cannot be underestimated, as consumers and businesses increasingly rely on effective logistics solutions for daily needs. In this post, we'll look at some of the leading players in this sector and give a review of e
HHLA Sky powers automated drone flights at Hamburg dronePORT At the grand opening of dronePORT Hamburg, HHLA Sky, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), showcased its cutting-edge solutions for efficient drone operations in the city. The dronePORT Hamburg, inaugurated by the Hamburg Port Authority (HPA), the Hamburg Police, and Hamburg Aviation, is the first European facility dedicated to unmanned aviation and mobile sensor technology. "Au
Bangladesh appoints IFC as transaction advisor to build Laldia container terminal To build a new container terminal in Chittagong's Laldiar Char, the Bangladesh government appointed the International Finance Corporation (IFC) as transaction advisor to study, design and negotiate with foreign companies. The terminal will have a quay length of 450 meters and a water depth of 10.5 meters where vessels up to 9.5 meters will be able to take berth. The terminal will be built under g
Port of Oakland maintains upward trend in container volume The Port of Oakland's container volumes continue to rise, with total cargo volume increasing by 5.3% in May 2024 compared to the same month last year, reaching 188,040 TEUs. The first five months of this year have seen a significant boost in full import cargo volume, rising 18.9% compared to the same period in 2023. In May 2024 alone, full imports hit 80,039 TEUs, a 12.9% increase from the 70,887
CMA CGM strengthens INDAMEX service CMA CGM announced its renewed INDAMEX service, designed to meet the high demand between the Indian Subcontinent and the main U.S. East Coast ports. Starting 15 August, weekly fixed-day sailings with 8,500 TEU vessels will depart from the Indian Subcontinent to the U.S. East Coast. Utilizing CMA Terminals' dedicated assets in both India (Nhava Sheva) and the United States (New York), the service w
Port of Long Beach sets US$760 million budget for 2025 The Long Beach Board of Harbor Commissioners has approved a US$760 million budget for the Port of Long Beach for the 2025 fiscal year, setting a plan in motion to fund new capital improvements in rail, zero-emissions initiatives, and other infrastructure projects. Later this year, the budget will be sent to the Long Beach City Council for approval. It includes a record US$25.8 million transfer to
DHL Global Forwarding announces new leadership in Europe Effective 1 July, Markus Panhauser will be appointed as the new CEO of DHL Global Forwarding Germany and Switzerland, taking on dual responsibility for both country organizations. He will replace Tobias Schmidt, who has led both country organizations alongside his role as CEO of DHL Global Forwarding Europe since November 2021. In addition, Barbara Eleota will succeed Markus Panhauser as the Head
OrbitMI guides navigation through complex digital landscape for sound tech adoption The maritime software market is teeming with numerous vendors offering a wide array of technologies aimed at achieving data-driven operational efficiencies. These efficiencies are crucial for attaining about half of the emissions reductions needed to meet the IMO's goal of zero-carbon shipping by 2050. However, this abundance of options can create confusion when selecting software, making proper
New maritime cybersecurity body starts operations A new body looking to raise the standard of cybersecurity risk assessment across the maritime industry, the International Maritime Cyber Security Organisation (IMCSO), started work on Tuesday. IMCSO also devised a certification programme for security consultants and a professional register, which will assist shipping organisations select experienced personnel. The organisation will also validate
North Star signs up for Midi-SOV designed to fill vessel gap in offshore wind UK OSV owner and operator North Star has become the first to adopt and deploy a vessel design for the offshore wind sector aimed at filling a new operational role between crew transfer vessels (CTVs) and service operation vessels (SOVs). The so-called Midi-SOV, introduced last year by UK-based ship designer Chartwell Marine and Fincantieri-controlled Norwegian ...
Mooreast quadruples floating renewables production capacity Singapore-listed Mooreast has bought a 98,919 sq m facility from a subsidiary of compatriot shipyard group Seatrium. The acquisition of the facility will quadruple the company's production capacity in Singapore serving the floating offshore renewable sector. The renewable sector mooring solutions specialist has been granted an option to purchase 60 Shipyard Crescent, a wholly-owned subsidiary ...
Onex in for MR newbuilds at Hyundai Mipo UAE-based oil and petroleum products trader Onex DMCC is adding a pair of medium-range product tanker newbuilds from South Korea. The subsidiary of private infrastructure group Onex has contracted two 50,000 dwt ships at Hyundai Mipo Dockyard in Ulsan worth about $53.5m each, according to multiple shipbuilding sources. The order from an unnamed Middle East ...
Global liner fleet surpasses 30m teu for the first time Alphaliner data shows that the global liner vessel fleet has reached 30m teu for the first time in history with a teu tsunami cascading out of yards in Asia this year delivering a record volume of newbuildings. The pace of growth of the global container fleet is remarkable. It took the industry around 50 years ...
European offshore wind substations need $20bn in investments by 2030 Some 137 substations will be installed offshore continental Europe this decade, requiring $20bn in total investment, a new Rystad Energy report suggests. Rystad said that over 120 of these facilities will be installed between 2024 and 2030 at a cost of around $18bn. Annual spending on offshore substations will increase steadily through 2030, rising from ...
Three states sue US to block $7bn decommissioning payments rule Louisiana, Texas, and Mississippi have sued the US government to block the proposed rule set forth by the Biden administration requiring the offshore oil and gas industry to provide nearly $7bn in financial assurances to cover costs of decommissioning old infrastructure. The rule, set to take effect in 2024, will mostly affect smaller companies without ...
Mitsubishi Shipbuilding to build Japan's first methanol-fuelled roros Toyofuji Shipping and Fukuju Shipping have signed up for a roro each at Mitsubishi Shipbuilding, with the newbuilds set to be the first methanol-powered roros built in Japan. The ships will deliver by the end of fiscal 2027, and will be able to carry 2,300 cars each. The 169.9 m long dual fuel vessels will ...
Eurus Energy takes stake in Scottish floating wind project Eurus Energy, a joint venture of Toyota Tsusho Corporation and Tokyo Electric Power Company, has struck a deal to buy into a 100 MW Pentland floating offshore wind farm project in Scotland. Eurus Energy will become a part owner of the project being developed by Highland Wind, which is majority-owned by Flagship Funds managed by ...
Temasek sells Pavilion Energy to Shell subsidiary Asset manager Carne Investments has reached an agreement to divest 100% of its shares in Pavilion Energy to Shell Eastern Trading, a subsidiary of energy giant Shell. Pavilion Energy is a Singapore-based LNG player owned by Carne Investments, an indirect wholly-owned subsidiary of Singapore's state-owned investment firm Temasek. It markets and trades LNG in Europe ...
Perenco buys into Golar LNG Anglo-French oil and gas company Perenco has picked up a nearly 10% stake in floating liquefied natural gas (FLNG) specialist Golar LNG. A filing to the US Securities and Exchange Commission (SEC) shows Perenco investment affiliate Naria bought close to 10.3m Golar LNG shares, with some 4.8m held directly and about 5.5m as an option, ...
Pan Ocean buys Yasa bulker A week ago, in the handysize sector, Splash reported that Turkey's Yasa Shipping had sold a six-month-old Jiangmen Nanyang-built, 40,000 dwt-sized bulker named Yasa Daisy for $34m to TMC Shipping. Now, details of another sale by Yasa have emerged. The Yasa Violet, a ship that hit the slipway in March, has been revealed to be ...
Denmark seeks dark fleet restrictions in the Baltic Denmark's foreign minister has said he is in discussions with neighbours looking at ways of barring Russia's shadow fleet from transiting the Baltic Sea, something that has earned a rebuke from the Russian ambassador in Copenhagen. "There is broad consensus that the shadow fleet is an international problem and that international solutions are required," Lars ...
CSBC and DEME joint venture awarded new Taiwanese wind farm contract CSBC-DEME Wind Engineering (CDWE), a joint venture between Taiwanese shipbuilder CSBC Corporation and DEME Offshore from Belgium has won a new offshore wind contract in Taiwan. Danish fund manager Copenhagen Infrastructure Partners (CIP) has selected CDWE to transport and install foundations for the 500 MW Fengmiao 1 offshore wind project. The deal, which follows the ...
New study reveals the scale and costs of maritime corruption For over a decade, the Maritime Anti-Corruption Network (MACN) has gathered first-hand data to map the extent of maritime corruption in the port and maritime sector. While detailed accounts of the direct cost of corruption have been documented, a comprehensive assessment of its overall monetary impact on the maritime industry and wider society, including indirect ...
Shell opens megawatt charger for trucks and vessels in Amsterdam Shell has inaugurated its first self-developed megawatt charger for dual use by both electric trucks and shipping vessels at the Energy Transition Campus Amsterdam (ETCA). The capacity of the megawatt charger corresponds to about three 350 kW, regular fast chargers that trucks can currently use to charge. Melissa Williams, president at Shell Marine, commented: "We ...
FMC says investigating potential violations of recent ruling on chassis control The February decision from the agency said ocean carriers can mandate which chassis to use for carrier haulage business, but not for merchant haulage.
India-US East Coast trade poised for major ocean capacity shakeup Hapag-Lloyd will be withdrawing from the Indamex service it has operated in conjunction with CMA CGM for decades and will kick off a standalone loop on the route in early August.
ILA contract rhetoric turns up heat as uncomfortable summer begins for shippers The pointed sentiments expressed recently by the ILA are a departure from the low-key, business-like approach to prior negotiations along the East and Gulf coasts, and thus unfamiliar to shippers trying to weigh the risks of labor strife, writes Peter Tirschwell.
US shippers increasingly seen rethinking, remodeling supply chains: report With supply chain volatility becoming "permanent," more companies are taking control of previously outsourced parts of their supply chain, and even offering their own services, according to a closely watched annual report on the state of logistics.
Biofuel an 'unsustainable' green option: climate activist The airline industry is pinning its hopes on sustainable aviation fuel providing a long-term path to net zero, but there will not be enough biofuel to go around, European climate campaigners Transport & Environment have found.
Evalend bulker hit by Houthi bomb sinks in the Red Sea Military authorities report not to be able to trace the drifting vessel any longer
Ecuador draws the curtain on controversial Amazonas Tanker aframax pool Termination opens the door for new partner, with Aframax International tipped as favourite
Dividends and buybacks: Genco-Economou clash casts light on fault line in capital allocation John Wobensmith says Genco's dividend strategy is doing just that
Oldendorff linked to $160m in ship sales as buyers 'bite the bullet' on high prices German shipping giant reportedly shedding one newcastlemax and three ultramaxes in separate deals to different buyers
New International Maritime Cyber Security Organization launched Objectives include making list of approved cyber consultants and database of vessel risk assessments
VLGC rates plunge by 25% and there could be worse to come, brokers warn Market observers cite narrow arbitrage and easing Panama Canal congestion for earnings weakness
Charges against Glencore traders imminent in West African bribery probe UK Serious Fraud Office has been investigating action against up to 11 individuals
Billionaire ex-Glencore trader takes first stake in Greek shipping bank as profit climbs Greek shipping bank is on course to be acquired by billionaire former commodity trader
MPC Container Ships and Unifeeder team up on energy efficient projects Retrofits designed to lower charter costs and increase value of container vessels
Missing link: North Star moves first on new Midi-SOV design Scottish owner commits to developing vessel that bridges the gap between crew transfer and service operation ships
MSC and Hapag-Lloyd lead container lines back to war-ravaged Ukraine Liner operators are tentatively resuming services after a two-year hiatus
Missing link: North Star moves first on new Midi-SOV ship design Scottish owner commits to developing vessel that bridges the gap between crew transfer and service operation ships
First LNG carrier heads for Red Sea-Suez route since mid-January Recently sold steam turbine vessel sets course to take shorter leg to Mediterranean
Star Capital strikes back into shipping with ambitious plans for V.Group UK fund will draw on experience of working with MPC Container Ships to accelerate ship manager's strategic journey
John Fredriksen sells final tanker in trio named after Norse gods Two of three vessels fetch premium as owner divests tanker series
Oldendorff linked to $150m in ship sales as buyers 'bite the bullet' on high prices German shipping giant reportedly shedding one newcastlemax and three ultramaxes in separate deals to separate buyers
CEO of sanctioned ship operator Red Box 'quits after work visa refusal' Philip Adkins says he is unemployed and no longer running heavylift shipping company
CMA CGM plots 20-strong container ship newbuilding order worth $3.5bn French liner giant is said to have inked letters of intent with Hyundai yards for 16,000-teu and 8,000-teu newbuildings
Belgium and Netherlands impose green fuel targets on bunker suppliers Rotterdam and Antwerp bunkers form large part of targets in revised renewable energy directive
Traders press on with 'curious trend' of cleaning up VLCCs for product cargoes Broker BRS expects east-west voyages on crude tankers could dent LR2 earnings
Shipping turns screw on Russian insurer Ingosstrakh after UK sanctions move Liberian registry move restricts port entry to ships insured by Ingosstrakh
Shell confirms Pavilion Energy buy as energy major grows LNG business Four LNG carrier charters, a bunkering outfit, regas capacity and trading volumes included in the deal
Yasa Shipping profits from flipping handysize newbuilding pair Shipping companies in South Korea and Dubai emerge as new owners of Chinese-built vessels
SK Shipping S&P talks fuel speculation VLCC values have peaked A 2009-built crude tanker could herald a cap on secondhand prices
Norwegian banking veteran Tom Kjeldsberg to launch Transport Capital's new Oslo office Scandinavian move is part of a strategy by Singapore-based financial firm to establish a presence in key markets
Shipowner and master fined for using heavy fuel oil around Arctic island of Svalbard Local news report named Arklow Shipping as the company involved
Gaza ceasefire talk sends shipping stocks plummeting as investors fear Red Sea reopening Clarksons Securities notes difficult week for shares, with liner companies particularly affected
Shell rolls out 'megawatt charger' for ships and trucks in 'unchartered territory' 'We are building a new infrastructure here,' marine president Melissa Williams tells event crowd
Trafigura shells out $55m to settle 'reckless' fuel oil deals probe Commodities giant says it neither admits nor denies accusations levelled by futures watchdog
Shipping companies raising money at record low credit spreads in Nordic bond market Funds' reinvesting needs drive demand for high-yield bonds
South Korea supports shipbuilding industry with $10.75bn worth of newbuilding refund guarantees Small to mid-size yards of the world's second-largest shipbuilding nation expected to benefit from state initiative
MSC sets new Indian scrap price high as it recycles more container ships But cash buyers and brokers are unsure whether the deal sets a fresh benchmark in a market plagued by volatility
Growing box volumes and strikes helping to drive port congestion, says Linerlytica Malaysia's Northport says it has received more than 80 ad-hoc calls primarily due to Red Sea crisis
Tanker owners and crew face 'rude awakening' as new oil major vetting regime approaches Kaiko Systems' Fabian Fussek warns that some companies are overconfident in their ability to deal with expanded inspections
Union voting on whether to extend strike threat by CN, CPKC rail workers The threat of a rail worker strike across Canada could be extended through at least mid-July amid stalled negotiations between Teamsters Canada Rail Conference and CN and CPKC railroads.
US logistics inflation remains high despite 11% drop in costs Logistics costs for U.S. businesses were lower in 2023, but prices remain higher than they were before the pandemic, much like the situation with consumer price inflation.
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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