U.S. files $100M claim against Dali owner and operator The U.S. Department of Justice Department today filed a claim against Grace Ocean Private Limited and Synergy Marine Pvte., the owner and operator, respectively, of the Dali, the containership that struck Baltimore's
Tidal Transit's newest CTV goes to work at Hornsea 2 U.K.-based crew transfer vessel specialist Tidal Transit has secured the first charter for its newest vessel, Arabella Jane. The Incat Crowther designed Windflex 27 CTV is now at work supporting operations at
Svitzer orders world's first battery-methanol tug Copenhagen-headquartered global towage operator Svitzer has contracted Turkey's Uzmar shipyard to build a first of its kind battery-methanol tug for delivery in the second half of 2025. The tug will be based
Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to US German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) and General Rate Adjustment (GRA) from the Indian Subcontinent and Middle East to the US East Coast and Gulf Coast. The new rates will be implemented for cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment, and will be effective from 17 October until further notice. Amounts
Lloyd's Register approves Seaspan's ammonia-powered feeder vessel design Lloyd's Register (LR) has granted Approval in Principle (AiP) to Seaspan Corporation for its innovative dual-fuel ammonia-powered next-generation feeder ship design. Developed by TECHNOLOG, this 3,100 TEU vessel, which is 198 meters long, will utilize ammonia as a fuel for its two-stroke main propulsion engine. "The AiP awarded for the ammonia-powered feeder ship design demonstrates the company's
CMA CGM applies overweight surcharge from Med to East Africa and Comoro Islands CMA CGM has announced the introduction of an Overweight Surcharge (OWS) for certain shipments, effective from 18 September 2024, until further notice. The surcharge will apply to cargo originating from Türkiye Med and Egypt Med, destined for East Africa and the Comoro Islands. Specifically, the surcharge will affect 20-foot dry containers with a gross weight exceeding 22 tons. For these shipments
Strong dry bulk market fuels 42% drop in ship recycling So far this year, only 45 ships have been recycled, adding up to 2.5 million deadweight tonnes (DWT) or 0.2% of the fleet. Recycling declined in all segments, with Capesize and Supramax experiencing the steepest fall, at almost half of last year's figures. Over the past three years, demand shocks contributed to stronger than anticipated demand. Sanctions on Russian coal and rerouting away from th
Retirement Planning: When Should You Start Saving? Retirement is one of the biggest milestones in life, and preparing for it financially is essential. In Canada, where retirement income often comes from a mix of personal savings, government programs, and possibly pensions, knowing when to start saving can make all the difference. While the ideal time to begin is "as soon as possible," there are key factors to consider that can help shape your str
Maersk supports methanol bunkering standards in Japan A.P. Moller - Maersk has taken a significant step towards supporting the development of methanol bunkering in Japan by co-hosting the country's first "methanol bunkering simulation" at the Port of Yokohama. Maersk Alette, Maersk's fifth dual-fuel methanol vessel, christened in Los Angeles at the end of August, participated in the methanol bunkering simulation conducted by Kokuka Sangyo's methanol
Comparative Analysis of Chinese Ports: Shanghai maintains market dominance Container News recently conducted an in-depth comparative analysis of five major Chinese container ports: Shanghai, Qingdao, Guangzhou, Shenzhen, and Ningbo. The objective of the analysis was to assess the relative competitiveness of these ports using key indicators - Data from open sources, such as UNCTAD and various national statistics, were used to construct these indicators, revealing importa
The Most Common Causes of Container Damage and How to Prevent Them Container damage can be a very frustrating issue, no matter if you're managing inventory in your area, or shipping goods halfway across the world. There could be leaks and dents, and these can also cause financial losses and delay operations. When you understand the most common causes of container damage and how to prevent them, you gain an edge over your competitors by having an efficient busine
Benefits of Using A Temp Mobile Number for Verification As digital interactions become more integrated into daily activities-from online shopping and social media engagement to managing financial transactions-the need for robust security measures has never been more critical. In response to rising concerns about privacy and data security, temporary mobile numbers have emerged as a powerful tool for safeguarding personal information. These numbers serv
Boosting customer satisfaction with advanced order tracking systems Customer satisfaction is essential in the online world, helping businesses to thrive and retain customers for the future. Advanced order tracking systems can provide a level of transparency for customers when they are receiving deliveries, leading to a more engaged experience and improving customer satisfaction levels. Keep on reading to find out more about what advanced order tracking systems ar
CIG urges governments to report container inspections The Cargo Integrity Group (CIG) is urging national administrations to conduct and report the results of their container inspection programs and is calling the International Maritime Organization (IMO) to continue compiling and making these findings publicly accessible. This initiative aims to support efforts to enhance safety in the transport of goods by sea. More than 20 years ago, IMO member go
Konecranes secures hybrid RTG order for CMA CGM-operated terminal in Taiwan In the third quarter of 2024, CMA CGM Kaohsiung Terminal ordered five hybrid Rubber-Tired Gantry (RTG) cranes from Konecranes to enhance its container handling operations at Taiwan's major port. The cranes, set for delivery in mid-2025, will feature the most advanced set of container-handling Smart Features ever implemented in the country. Konecranes' hybrid RTGs operate primarily on battery powe
Port of Liverpool receives UK's largest feed maize shipment The Port of Liverpool, part of the Peel Ports Group, recently received the UK's largest-ever shipment of feed maize, further cementing its vital role in supporting the United Kingdom's agricultural industry. The bulk carrier, Lowlands Future, arrived from the United States East Coast with 55,000 tonnes of maize, a record-breaking delivery aimed at providing essential animal feed to local farming
India's PM inaugurates new box terminal in Tuticorin Prime Minister of India Shri Narendra Modi announced the inauguration of the Tuticorin International Container Terminal, highlighting its importance as a major milestone for the country. India's PM referred to the terminal as the "new star of India's marine infrastructure", underlying its role in enhancing the capacity of the V.O.C. Port. Shri Narendra Modi emphasized that the terminal is expecte
Port of Rotterdam handles 500,000th container via Secure Chain Port of Rotterdam Authority announced that the 500,000th import container was securely and reliably handled via the Secure Chain in the Dutch port. Shipping lines no longer issue PIN codes, which are susceptible to fraud, for these containers. The new operational approach has become standard practice in Rotterdam for all import containers from Latin America (since 1 April) and North America (sinc
Port strike looms, White House working to close de minimis to China With two weeks left before the deadline and the sides not talking to each other, the prospect of an ILA strike at East Coast and Gulf ports on 1 October continues to grow. The union and the USMX port operators remain at odds over wage increases and port automation, and East Coast ports are already taking steps to wind down operations. There is speculation that a strike could target Maersk termina
ONE announces new East Coast South America Express 3 service Ocean Network Express (ONE) is launching a new service, East Coast South America Express 3 (SX3), enhancing the network and connectivity for the Asia - East Coast South America (ECSA) market. The new service is expected to commence on 14 October and will have the following port rotation: Pusan (South Korea) > Shanghai (China) > Ningbo (China) > Shekou (China) > Singapore > Santos (Brazil) > Paran
European ocean carriers navigating through uncertain waters Major European shipping companies, like Hapag-Lloyd, Maersk and CMA CGM, are facing significant challenges in 2024, driven by declining freight rates, geopolitical instability, and rising operational costs. Financial Performance CMA CGM reported a significant drop in net income by over 50%, totaling US$661 million, despite a 6.8% increase in revenue to US$13.1 billion. The company experienced a d
WEC Lines introduces weekly service between Hamburg and Portugal Starting 23 September, WEC Lines will expand its NWC-Portugal service to include the port of Hamburg, establishing a fast weekly shipping route between the German port and the Portuguese ports of Leixões and Setúbal. Departing Hamburg every Sunday, the service will reach Leixões by Saturday and Setúbal by Monday, providing an eco-friendly alternative to traditional truck transport from Germany to
US East Coast strike would hit European and South American cargo Alphaliner's report states that any strike by US East Coast port workers would complicate US imports from Europe and South America. While Asian exports to the US East Coast could divert to the US West Coast, the US East Coast is the main gateway for European and South American imports. European and South American imports account for 45% of US East Coast volumes. Alphaliner stated: "The problem wi
OrbitMI announces new Head of Software Solutions for APAC region OrbitMI, a provider of maritime intelligence and analytics solutions, announced the appointment of Michelle Chowey as the new Head of Software Solutions for the APAC region. Chowey has extensive expertise in maritime technology, having held leadership positions in customer success, sales, and business development within the navigational and crewing software industries. "Joining OrbitMI is a fanta
CMA CGM introduces peak season surcharge in Caribbean French container line CMA CGM will implement a new peak season surcharge (PSS) in the Caribbean region. Effective from 13 October until 4 January, the new surcharge will apply to shipments to and from Trinidad, Grenada, Barbados, St Vincent, St Lucia, Dominica, Antigua and St Kitts The PSS will be US$50 per TEU. If you liked this post, please consider donating The post appeared first on Containe
Kale Logistics Solutions appoints new Chief Technology Officer Kale Logistics Solutions has announced the appointment of Tribhuwan Negi as its new Chief Technology Officer (CTO). With nearly 25 years of experience in building large-scale Software as a Service (SaaS) platforms and leading global Research & Development (R&D) teams, Negi brings extensive expertise to Kale at a time of significant growth and innovation. "Logistics and supply chain technology is
Saipem lands $2bn contract with Saudi Aramco Italy's Saipem has won a new offshore contract worth around $2bn from Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The work scope covers the engineering, procurement, construction and installation (EPCI) of wellhead platforms' topsides, wellhead platforms' jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic ...
d'Amico scores another lucrative tanker charter Milan-listed product tanker owner and operator d'Amico International Shipping (DIS) has clinched a new charter deal for one of its MR2 vessels. The Carlos di Mottola-led company has fixed the unnamed tanker to "a reputable counterparty" for two years, starting at the end of September. The rate was not disclosed, but DIS said it was ...
Björn Stignor taking over from Lars Höglund as CEO of Furetank Swedish shipowner Furetank has named Björn Stignor as the company's new chief executive officer. Stignor will take the helm at the Höglund family-owned shipping company on October 1, succeeding long-serving supremo Lars Höglund who will continue as chairman of the board. After almost three decades of leadership, Höglund will continue his engagements in the company ...
Wah Kwong enters Tankers International VLCC pool Wah Kwong Maritime Transport has joined Tankers International, the world's largest shipping pool for VLCCs. The UK-based VLCC pool operator said Hong Kong's diversified shipowner has committed its 2013-built Hong Kong Spirit to its scrubber pool. The 318,700 dwt vessel joined the VLCC pool, which has an average fleet age of 11.2 years, in September. ...
Multiple records broken along the Northern Sea Route Records are being smashed along the Northern Sea Route this year once again. At 4,890 teu, the Flying Fish 1 has become the largest containership to enter Arctic waters, making its way from Europe to China. The ice-class ship is one of many Chinese ships to have gained a licence to cross this frozen patch ...
Eneos buys into Odfjell Oceanwind floating wind venture Japan's Eneos Renewable Energy (ERE) has acquired a 20% shareholding in the GoliatVIND project from Norwegian floating offshore wind specialist Odfjell Oceanwind. GoliatVIND is a 75 MW demonstration project for floating offshore wind with grid connection via the Goliat FPSO to the Hammerfest region and with onshore grid reservation in place with Statnett and Lucerna. ...
Newly launched Beam bolsters fleet Bristol-based Beam has added two autonomous surface vessels and a remotely operated vehicle (ROV) to its specialist offshore wind fleet. The 18m ASV additions have cost over £15m and are aimed to help Beam in its mission to make offshore wind energy an attractive alternative to fossil fuels, the company said. The fleet expansion is ...
Golar seals FLNG conversion deal Nasdaq-listed floating liquefied natural gas (FLNG) specialist Golar LNG has signed a contract with CIMC Raffles shipyard in China on a vessel conversion project expected for delivery in the fourth quarter of 2027. The engineering, procurement and construction deal worth $1.6bn covers the revamping of Golar-owned LNG carrier Fuji LNG with a storage capacity of ...
NYK leads Japan's return to ship recycling Japanese shipping line Nippon Yusen Kaisha (NYK) has moved to bring back ship recycling to the island country in East Asia. The company has signed a memorandum of understanding with compatriot Oono Development to commercialise a business that would enable ships and large offshore structures to be dismantled in Japan and recycled as steel scrap ...
Dali lawsuits pile up in the US Legal cases surrounding this year's most high profile shipping accident are expected to run for many years costing hundreds of millions of dollars. Lawyers for three of the families who lost loved ones when Baltimore's Francis Scott Key Bridge collapsed six months ago are suing the owners of the Dali containership for personal injuries, adding ...
Sounion salvors prep next stage in race to avert Red Sea environmental disaster Satellite images confirm the burning Sounion's new location, 81 km offshore Eritrea in the Red Sea following a delicate towing operation over the weekend. The Delta Tankers vessel remains on fire, according to images sent to gCaptain, an American maritime news title, taken from a nearby vessel yesterday afternoon. Sources suggest Saudi Arabia will now ...
Atlantica reenters container shipping Oslo-based Atlantica Shipping has reentered the container shipping sector. Alphaliner is reporting the company has bought the 4,600 teu Northern Power and renamed it Atlantica Power. The 2010-built ship, now displayed prominently on Atlantica's homepage, is on charter to CMA CGM through to the summer of 2026. No financial details of the acquisition have been ...
Intra-Asia rates slumping British consultancy Drewry has launched an index covering one of the largest, most competitive container tradelanes. Drewry's new Intra-Asia Container Index (IACI), which made its debut yesterday, comes at a time when spot rates in the region are under pressure. Drewry's composite index, a weighted average of spot container freight rates, decreased 25% to $668 ...
The plastic pellet pollution problem Nurdles are small plastic pellets used to make almost all our plastic products, and all it takes is one container loss to release potentially billions of these microplastics into our oceans and wreak havoc on marine ecosystems. While progress has been made, regulations do not match up to the scale of the environmental problem, writes ...
'Some momentum' still left in peak season as LA/LB smash cargo records Strong US consumer demand and diversions of discretionary cargo ahead of a potential strike on the US east and Gulf...
US alleges 'entirely avoidable' Dali disaster was caused by negligence The US government alleges that Dali's transformer and circuit breakers were impacted by a previously known 'heavy vibration' problem, prior...
Daily Briefing Hapag-Lloyd plans for multiple fuel path as new ship orders imminent | Europe 'has to be bold' to combat Chinese...
Europe 'has to be bold' to combat Chinese shipbuilding dominance, Meyer Turku chief says A bold maritime strategy is required to reduce Europe's dependence on Chinese shipbuilding and avoid European yards being washed away...
Could Grimaldi Group really be mounting a takeover bid for Höegh Autoliners? After building up a 5.12% stake in Norwegian vehicle carrier operator by April, the joint managing director of Grimaldi Group...
Salvors aim to extinguish Sounion fires as priority Salvage team will also have to patch up damage caused by Houthi explosive charges
Cosco Shipping's auto transport JV to launch new South America route Cosco holds exclusive rights at the Chancay terminal with a $3.5bn investment
NYK studying ship recycling business in Japan Ship dismantling work will be performed at Oono Development's facility in Aichi Prefecture, which is Japan's only drydock which can...
Governments failing to publish container inspection data The Cargo Integrity Group wants more administrations to submit container inspection results to the IMO to help make shipping safer...
Eurofin looks back on 'rollercoaster' ride in ship finance Impact of 'green' ship finance activities has so far been less than expected, says industry veteran
Hapag-Lloyd plans for multiple fuel path as new ship orders imminent No single fuel will be dominant in 10 years time - there will be a mix of LNG, methanol and...
VLCC rates rebound on September lift in Middle East Gulf oil exports Increased shipments suggest biggest tankers are emerging from post-summer slump for fourth-quarter peak season surge
Japanese firms boost CCS ambitions with LCO2 carrier approvals in principle LCO2 carrier demand is expected to grow in tandem with several CCS projects involving the transport of CO2 captured in...
Drewry launches new index for intra-Asia trade The inaugural index reading shows weakening average spot rates on most intra-Asia container trade lanes on softening regional demand
Dutch non-profit outlines causes for container losses at IUMI 'Containerships are not intrinsically safe but are designed to be safely operable,' argues project manager
LA-LB port stakeholders urge mayors to act against proposed emissions rules Port users are concerned that if the technology and infrastructure needed to support a zero-emission environment is not built out, the industry's only recourse will be to cap cargo volumes at Los Angeles and Long Beach.
Some US ports extending gate hours ahead of strike deadline The contingency plans by the ports come as some ocean carriers are cutting off new export bookings ahead of the possible work stoppage and issuing surcharges for cargo en route to ports that may be closed on Oct. 1.
Stronger US retail sales lifting truckload volumes, but not rates Higher-than-expected retail sales in stores and online last month helped increase truckload shipments, but excess capacity is keeping rates in a holding pattern.
Europe's largest inland container terminal opens in Germany The port, at the confluence of the Rhine and Rhur rivers, is in the industrial heartland of Germany and a key transshipment point for intermodal cargo in Northern Europe.
US shippers again ask White House to intervene in longshore contract talks The shippers were joined this time by a group of House Republicans, who in a separate letter warned of the "dire impacts" to the US economy from a possible port strike.
'Very profitable': Momentum continues in MR tanker period market with new fixture Italian shipowner d'Amico International Shipping is the latest to join the charter party
V.Ships (Hamburg) container fleet trimmed to a dozen vessels as manager offloads trio German company has sold off a series of vessels in recent years
Geopolitical strife is biggest threat to global shipping routes, warns IUMI chief Houthi attacks on laden tanker highlight changing tactics of the rebels in Yemen
China's seaborne dry bulk imports shrug off economic wobbles Capesize and panamax sectors benefited as cargoes increased by 6% and 11%
Capesize charterer Adhira Shipping sets sights on $100m London IPO Dubai company handling bulker COAs for African miners plots stock market float in UK after surveying global options
OceanExl sacks trading boss after being banned from bunker operations in UAE Probe finds Dubai company supplied high-sulphur fuel oil to ship without a scrubber
Transport Capital hires former DNB Bank executive to head Greek business Singapore-headquartered firm has recruited well-known bankers in Oslo and Athens this year
Uniper teams up with MiQ and EQT on emissions pilot aimed at US LNG Natural gas volumes under spotlight equivalent to one LNG cargo for German company
VLCCs keep their momentum even as US exports decline VLCC rates out of the US Gulf have faltered, but other routes stay strong
Fuelling choices swing to LNG overnight but will yo-yo in next few years, WinGD CEO says Dominik Schneiter gives insight into what is on shipowner's minds
Blaze-hit major Greek refinery taking 30 tankers a month forced to slash production Fire at Vardinoyiannis firm Motor Oil extinguished with three workers injured
Record lows in bulker recycling fuelled by strong markets Capesize and supramax sectors saw steepest fall in recycling numbers
Trafigura boosts VLCC newbuilding play at Chinese shipyard The trading giant has six 319,000-dwt crude carriers on order at Jiangsu New Hantong
Tankers International snaps up Wah Kwong-owned VLCC from rival Navig8 Hong Kong owner adds one of its three VLCCs to the London-based pool
Newcomer Red Coral Bulkers lands $7.7m supramax financing deal TradeWinds previously reported bulker Archagelos Michael as being sold to an undisclosed buyer
Furetank owner Lars Hoglund hands over CEO reins to Golden-Agri boss Bjorn Stignor Veteran head of family-owned Swedish tanker owner taking a step back
Broker OceanExl sacks trading boss after being banned from bunker operations in UAE Probe finds Dubai company supplied high sulphur fuel oil to tanker without a scrubber
'Just incredible': OSCAR dragon boat race raises record £666,000 for children's care Spinnaker chairman's charity event attracts 500 people to what is now a late summer fixture for the shipping community
Tanker blast death toll reaches six as standards come under fire in key ship-breaking hub NGO Shipbreaking Platform again calls into question the effectiveness of the Hong Kong Convention on ship recycling
George Economou adds another tranche of Performance shares as he extends takeover offer Greek tycoon keeps tender open after launching new legal action against tanker owner
Emanuele Grimaldi: Forget the takeover talk - Hoegh Autoliners is a great investment Leading Italian owner is mystified by the low value of Oslo-listed car carrier
Deadly cargo surge stokes fresh fire fears as renegade shippers blamed Study following fatal fire revealed major scale of unsafe cargoes stowed on boxships
BRS partner Christopher Rasmussen comes full circle with new role at Clarksons in Norway Newbuilding broker heading back to Norway where he started out at RS Platou
Profit and executive pay down at Tufton Investment Management, accounts reveal Manager of London-listed shipping fund hit by lower revenue in 2023
NYK eyes ship recycling activity in Japan in partnership with demolition specialist The company is teaming up with Oono Development to commercialise ship dismantling in the country
Container losses rise as Red Sea crisis forces boxships to divert around Africa Boxes overboard already higher than last year after series of weather-related incidents
US tariff action stokes fears Chinese-built ships may be next in White House sights As unions seek fee of $1m per ship, Biden administration may find carveouts or other remedies
Golar LNG inks order for first of its next-generation FLNG units Company claims speculative production ship will be earliest available LNG floater globally as it secures optional second berth
Trade groups urge Biden to step in to prevent sweeping ports strike ILA president says a 'sleeping giant' is ready to roar
HMM ends product tanker order hiatus with $208m 'early delivery' quartet at Hyundai Deal involves two firm vessels with options for two additional tankers
Maersk: Q4 container demand to remain strong Continued robust demand for container shipping services could help balance supply and demand, the world's second-largest vessel operator said, easing strains despite disruptions across the global supply chain.
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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