OSM Thome brings AI on board fleetwide Arendal, Norway-headquartered ship manager OSM Thome is to deploy software from German maritime AI pioneer Kaiko Systems across its entire fleet. OSM Thome says that this will streamline inspection processes, data collection,
VIDEO: Vard delivers new CSOV Norwind Helm Vard has delivered the commissioning service operation vessel Norwind Helm to Norwind Offshore. The vessel was named in Ålesund, Norway, Nov. 15, and went to work the following day. It is the
Box volumes at SC Ports shrink due to USEC three-day strike South Carolina Ports (SC Ports) continues to play an important role in the US Southeast's logistics and trade industry, having moved 847,107 TEUs in a four-month period (July-October). However, October alone saw 209,107 TEUs handled, representing an 11% year-over-year decrease, attributed partly to a three-day coastwide work stoppage. Inland Ports Greer and Dillon collectively recorded 17,749 rai
Liebherr delivers STS cranes to Port Newark Container Terminal Liebherr announced the successful delivery of two state-of-the-art ship-to-shore (STS) container cranes to the Port Newark Container Terminal (PNCT) at the port of New York and New Jersey. Designed and manufactured at Liebherr's facility in Ireland, these cranes are tailored to meet the specific operational demands of PNCT, enabling the terminal to efficiently handle the next generation of ultra-
What's the strategy behind Chinese port investments in Latin America? Chinese investments in Latin America's shipping ports and terminals, spearheaded by Cosco in Chancay port , represent a significant part of China's efforts aimed at surpassing the United States in trade within the region. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container New
PSA BDP commits to science-based targets initiative PSA BDP, a global provider of logistics and supply chain solutions, has officially committed to the Science Based Targets initiative (SBTi), marking a significant step in its efforts to establish ambitious emissions reduction goals. SBTi offers a well-defined pathway for companies to lower greenhouse gas (GHG) emissions in alignment with climate science. PSA BDP has pledged to develop near-term a
Red Sea Shipping Disruptions to Persist Amid Rising Tensions This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
US government injects US$580 million investment into port sector The U.S. Department of Transportation's Maritime Administration (MARAD) unveiled plans to invest nearly US$580 million from the Bipartisan Infrastructure Law to support 31 port improvement projects across 15 states and one U.S. territory. US government injects US$580 million into the port sector. This funding, part of President Biden's Investing in America initiative, aims to enhance the capacity
Hapag-Lloyd alters China Germany Express service rotation German ocean carrier Hapag-Lloyd has announced changes in its China Germany Express (CGX) service port rotation. Starting January 2025, Hapag-Lloyd's weekly service will have the following port rotation: Yangshan, China - Ningbo, China - Yantian, China - Singapore - Tema, Ghana - Southampton, UK - Rotterdam, Netherlands - Wilhelmshaven, Germany The first vessel on this new rotation will be Copiap
DP World boosts UK rail freight, cutting carbon emissions and road miles DP World's innovative Modal Shift Programme in Southampton has successfully removed 64,300 truck journeys from UK roads and reduced carbon emissions by over 17,000 tonnes in its first year, making a significant contribution to more sustainable logistics in the country. "The outstanding success of the Modal Shift Programme at Southampton in its first year is a testament to our commitment to provid
Why Steel Container Maintenance is Essential for Global Shipping Operations Steel containers are the backbone of global shipping operations, facilitating the efficient transport of goods across vast distances. Regular maintenance of these containers is vital to prevent costly disruptions and ensure the safety of the cargo they carry. By safeguarding against corrosion, structural damage, and operational failures, proper upkeep keeps the shipping industry running smoothly.
Metrans launches Slovakia's first hydrogen-powered truck trial Hamburger Hafen und Logistik AG's (HHLA's) intermodal company Metrans is testing Slovakia's first hydrogen-powered truck in operational service, in collaboration with the technology firm Mobility & Innovation Production s.r.o (MIP). This initiative follows the signing of a letter of intent at the official product launch in Slovakia. Metrans aims to expand its zero-emission vehicle fleet, offering
Singapore oil and bunkering mogul jailed for bank fraud A Singapore oil tycoon who headed an oil trading and bunkering business has been jailed for 17.5 years for cheating banks of over US$110 million. Lim Oon Kuin, 82, better known as OK Lim, was today (18 November) sentenced for defrauding Hongkong and Shanghai Banking Corporation (HSBC) of at least US$111.7 million. Lim founded the Hin Leong group that included an oil trading business, a physical b
DHL Express appoints new CEO for MENA region DHL Express has announced the appointment of Abdulaziz Busbate as the new Chief Executive Officer (CEO) for the Middle East and North Africa (MENA) region, effective 1 January 2025. Busbate will succeed Nour Suliman, who has recently taken on a non-executive advisory role within DHL Group as President of MENA region. Based in Bahrain, Busbate will report directly to John Pearson, CEO of DHL Expre
Port Klang and Singapore amid fluctuating trade winds In the strategic maritime region near the Strait of Malacca, the fluctuations in container throughput and connectivity for Port Klang and Singapore highlight the vibrant competitive dynamics shaped by geopolitical and economic factors. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on
MSC obtains regulatory approvals for its entry into Hamburg port All the closing conditions of the voluntary public takeover offer for MSC's entry into the port of Hamburg have been fulfilled. After the European Commission granted merger control clearance at the beginning of October, the last outstanding closing condition has now been met with merger control clearance in Ukraine. As of 14 November, all the conditions for the offer by Port of Hamburg Beteiligun
APM Terminals appoints new CFO Effective 1 January 2025, Peter Wikström will assume the role of Chief Financial Officer at APM Terminals. Peter Wikström brings a wealth of experience to APM Terminals, having most recently served as Head of Mergers & Acquisitions at the operator's mother company Maersk since 2019. In this role, he played a pivotal part in strengthening Maersk's M&A capabilities, spearheading some of the company
Port Houston approves FY 2025 budget of over US$670 million The Port Commission of the Port of Houston Authority convened on 12 November for its annual Budget Workshop. During the workshop, Port Houston approved its FY 2025 operating budget of US$674 million and a US$396 million capital plan. These approvals will guide Port Houston's facilities management and operation in the coming year. A cornerstone of regional development for over a century, Port Hous
Australia's TCorp invests in Cyan Renewables Fast-expanding offshore wind vessels pureplay Cyan Renewables has secured backing from Australia's TCorp. The funding arm of Australia's most populous state, New South Wales, said it had acquired an interest in Cyan with an initial investment of over $100m, with plans for further cash injections to support the Singapore-based company's growth. The investment follows Malaysian ...
COSCO seals green methanol pact COSCO Shipping Group is stepping up its drive in the production of green methanol. China's state-owned shipping behemoth has signed a memorandum of understanding with Thai conglomerate Charoen Pokphand Group (CP Group) and US trader Freepoint Commodities, described as a major milestone in accelerating the transition to sustainable fuels for the global shipping industry. COSCO ...
Singapore court hands 17-year jail term to OK Lim Lim Oon Kuin, the founder of the defunct Singapore oil trader Hin Leong, was sentenced to 17-and-a-half years in prison for cheating top creditor HSBC and abetting forgery. The 82-year-old former oil trading and tanker tycoon, better known as OK Lim, faced three out of more than 100 charges initially presented-two for cheating HSBC and ...
Well-Safe Solutions scores $25m in North Sea decom contracts Aberdeen-headquartered decommissioning specialists Well-Safe Solutions has been awarded two new contracts totalling $25m. The scopes comprise decommissioning activity in the UK Continental Shelf for Spirit Energy and an additional global operator. The deals will see the Well-Safe Protector jackup and Well-Safe Defender semisub fixed for a combined 170 days of firm work, with options for ...
Asia and Europe on divergent coal paths Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity. According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8% from September, and up by a very ...
US ports awarded $580m in grants The US Department of Transportation's Maritime Administration (MARAD) has revealed plans to invest nearly $580m in port infrastructure nationwide. The funding will go toward 31 projects in 15 states and one US territory to help increase capacity and efficiency at coastal seaports, Great Lakes ports, and inland river ports. The port of San Juan, Puerto ...
Northern Ocean nets $335m rig deal with Equinor Northern Ocean, a semisub rig spin-off of Northern Drilling, has won a contract for its Deepsea Bollsta rig from energy giant Equinor for drilling off Norway. Work under the contract is expected to begin in the second half of 2025 and has an estimated firm duration of two years, plus five one-year optional periods, where ...
EA Technique wins three Petronas deals worth $14m Malaysian offshore service provider EA Technique has secured contract extensions with Petronas for work on its floating LNG facility, the PFLNG 1. These contracts, valued at a total of RM63.9m ($14.1m), were won by EA Technique's wholly-owned subsidiary Libra Perfex Precision. One of the deals was an RM41m ($9.16m) contract extension for tugboat services. The ...
NYK-backed Japanese demo yard set to open in 2028 Japanese shipping line Nippon Yusen Kaisha (NYK) has provided more details of its plans to bring ship recycling back to Japan. The company signed a memorandum of understanding with compatriot Oono Development earlier this year to commercialise a business that would enable ships and large offshore structures to be dismantled in Japan and recycled as ...
Shipping industry renews call for the Houthis to free crew of the Galaxy Leader car carrier Tomorrow marks the one-year anniversary of the seizure of the crew of the Galaxy Leader car carrier by Yemeni insurgents. Ahead of this Guy Platten, secretary-general of the International Chamber of Shipping, speaking in Hong Kong, has stated: "It seems incredible that a year has passed, and the crew of the Galaxy Leader are still ...
Cargotec offloads MacGregor for $506m uropean private equity firm Triton has splashed EUR480m ($506m) to buy cargo handling specialist MacGregor from Cargotec. In the process, Cargotec, which has also hived off Kalmar as a separate company, has announced plans to rebrand as Hiab, with news also that president and CEO, Casimir Lindholm, will step down from the Finnish firm. Scott ...
MSC gets the green light to press ahead with Hamburg port entry All closing conditions of the voluntary public takeover offer have been fulfilled for Mediterranean Shipping Co's (MSC) entry into Hamburg port. MSC will now pay the offer price of €16.75 per class A share to the shareholders of Hamburger Hafen und Logistik Aktiengesellschaft (HHLA). Closing of the transaction whereby MSC, the world's largest containerline, will ...
The top 10 sanctions headlines of 2024 Santosh Patil gets in early with a shipping annual review, giving readers his discovery and disco versions of how sanctions have played out this year. In the high-stakes world of global shipping, the topic of sanctions has the world split in two. Some see sanctions as a tight net around the shadow fleet, others see ...
VLCC rate rise offers ray of hope amid autumn tanker stock gloom Tankers share pricing has collapsed since early October. Recent gains for VLCC spot rates are offering some solace to investors...
EU expands sanctions framework, designates IRISL and three Russian companies The European Council has introduced measures targeting the transfer of arms and military-related components from Iran to Russia, and designated...
Norwegian hydrogen fuel cell maker Teco 2030 faces bankruptcy Oslo-listed hydrogen fuel cell maker Teco 2030 ASA faces bankruptcy after defaulting on obligations under a parent company guarantee
Spoofing tanker completes Russia cargo STS with sanctions-linked suezmaxes Urals cargoes were transferred to Cameroon-flagged Atila while its AIS signals broadcast improbable speed and course over ground - an indication...
The week in charts: Container rate rebound loses momentum | North Atlantic emission control area could save 4,000 lives | US sanctions over a dozen ships Spot rates from Asia to the US west coast are falling despite import frontloading, a proposal for an ECA stretching...
Ascot and Markel lead hull war risk slip on Galaxy Leader Owners understood to be seeking constructive total loss payout after 12 months' deprivation of use
Hong Kong unveils incentive scheme to boost green bunkering ambition Reimbursement for fuel assessment investments, reduction of port dues, and tax concessions for imported green methanol are all under consideration
Five steam-turbine gas carriers and MSC boxship sold for scrap SK Shipping has sold a series of 138,000 cu m LNG carriers on an 'as is' basis, while MSC has...
China Merchants Group to expand presence in Hong Kong amid challenging times A new set of ESG standards that aim to guide the shipping industry has been released in Hong Kong
The week in newbuildings: Gas and tanker segments dominant Newbuilding contracts for 20 tankers, five gas carriers and six containerships were reported in the past week with Chinese shipyards...
Greek marine equipment sector hails outstanding growth Association has established extensive network of representatives and partnerships to finally put Greek equipment manufacturers on the map internationally
IMO Council hears states condemn a year of Red Sea attacks One year on from the capture of Galaxy Leader, countries deplored the continuing threat to seafarer safety, disruption to trade...
Bosporus Strait closed for hours after tanker breaks down Traffic through one of the world's busiest shipping lanes was closed in both directions on Sunday evening and did not...
Steamship Mutual hires Blank Rome partner to head new US company International Group affiliate gets new chief underwriting officer from next May
Houthis return to Red Sea action as Galaxy Leader anniversary looms This most recent attack takes the number of incidents to 92 since car carrier Galaxy Leader was hijacked and crew...
Service providers in half of STS operations deemed 'high risk' Market is highly fragmented among service providers varying widely in quality
Houthis reject UN claims of taking $180m monthly in illegal fees for safe Red Sea transit Houthis are not charging fees and claims "have no basis in reality", the director of the Humanitarian Operations Coordination Centre...
Daily Briefing Greek shipowners return to lift Russia crude as oil price falls below G7 cap | Former shipping minister calls on...
US flag vessel owners, investors tout wave of support for expanding fleet The Ships for America Act and national security spotlight seen as growth opportunities for US-flag commercial fleet.
Importers navigate two-year high rail container dwells in Los Angeles-Long Beach Forwarders and industry analysts forecast strong import volumes through the early Lunar New Year that begins Jan. 29 as importers of time-sensitive merchandise and manufacturing components route shipments through the country's busiest gateway.
Gemini says will use London Gateway for shared network vessel calls The move comes as the DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volumes from other UK ports, including top rival Felixstowe.
London Gateway lands Gemini calls from rival port amid bid for top UK spot The DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volume from other UK ports, including Felixstowe.
'We can't wait for war to end': One year on, Galaxy Leader crew languish in Yemen Seafarers from five nations remain hostages of the Houthi regime after helicopter kidnapping
Petrobras keeps production forecast unchanged in $111bn investment plan Brazilian oil company sticks to production goal of 3.2m barrels per day
Harry Vafias' C3is boosted by gain on warrants and rising aframax tanker rates Greek bulker and tanker owner has a debt-free fleet
VLCCs keep rolling as Bahri Week gives way to December loading dates Rates made large day-on-day jumps as activity picks up
Iran's national shipping company slapped with sanctions amid Russian weapons and ammunition links European bloc accuses shipping line of transporting missile and drone technology to Russia for war against Ukraine
Beijing plots biofuel blend exports in tonic for tankers Tanker owners could soon be looking at 500,000 tonnes of additional volumes, trading sources say
Tanker owner Odfjell wins most sustainable company award in home city of Bergen Norwegian owner beats other local businesses thanks to "holistic approach to sustainability"
Capesize spot rates ride six-week peak as owners enjoy bullish run High activity levels noted on Pacific and Brazil-China routes
Tanker S&P market running dry as buyers unwilling to meet seller demands Asset values remain high with only small ships changing hands
New German-Nordic alliance emerges as buyer of TRF product tanker Trio of investors branch out into MR tanker space with acquisition of Chemtrans Mobile
Hong Kong shipowners Chao, Banga and Koo ready to fight in turbulent world Protectionism, decarbonisation and 'bad movies' dominate start of Hong Kong Maritime Week
Houthi missiles target bulk carrier twice as Red Sea crisis nears first anniversary Vessel was warned to alter course just minutes before attack
Russia tipped to close three drone-hit refineries in blow to shadow fleet Plants have already either halted processing or are operating at reduced capacity, according to industry sources
Billionaire investor cleared for takeover of Greek shipping bank as Coustas family's exit nears Telis Mistakidis passes ECB 'fit-and-proper' checks
DNV and Seatrium partner for marine and offshore innovation and development Focus areas include floating offshore wind turbines, hydrogen and ammonia production platforms and FPSOs
Steal this idea: Wallenius Wilhelmsen hatches plan pricing in alternative fuels and wants you to use it Car carrier owner starting with small adjustment to fuel surcharge to ease in change
Energy shipping marks second-strongest newbuilding year as 2024 hots up Clarksons Research tallies 594 vessels contracted so far
Refinery owner turned shipowner extends supersize ethane carrier series with fresh order SP Chemicals slated to take delivery of five vessels by 2027
Tanker tycoon OK Lim sentenced to 17 years in jail over fraud and forgery Ocean Tankers founder sentenced following trial in Singapore
How shipowners and crew can profit from competitive fuel savings. DSF research boss Christopher Rex explains Shipping needs a structural change to move to the next level of efficiencies, argues Danish Ship Finance innovation guru Rex
More crude tankers steer clear of Red Sea as Houthis resume attacks, Clarksons says Stephen Gordon says company's base-case scenario assumes disruption continuing into 2026
Chinese newbuild is first ship to head directly from Pakistan to Bangladesh in decades Yuan Xiang Fa Zhan makes modern history with trip to Chittagong
Iran blasts claim EU is set to sanction container line IRISL with 'non-existent missile pretext' Foreign minister Abbas Araghchi says the move would have no legal, logical or moral basis
Cosco teams with commodity trader and Thai conglomerate to secure green methanol for ships Production base will meet EU standards
Bosphorus shuts down for four hours on Sunday after rudder fails on tanker with Russian cargo Small Turkish vessel had to be towed to safety after being immobilised in Turkish Straits
Belships 'turned the ageing supramax fleet into an opportunity', says boss Lars Christian Skarsgard Ultramax owner has been spending its cash by paying down debt and distributing dividends and has sealed a new newbuilding
Recyclers race to meet Hong Kong Convention's 2025 deadline Sector ponders whether it will be able to meet future capacity demand as deadline draws near
Port of Virginia gets new cranes, chassis pool upgrade Four new container cranes will help the Port of Virginia handle ultra large container vessels at Virginia International Gateway.
Former Amerijet boss resurfaces as CEO of cargo airline 21 Air Tim Strauss is back as CEO of another small cargo airline based in Miami. His new company is 21 Air, which has secured Amazon as its latest customer.
21 Air makes debut cargo flight for Amazon Amazon has added 21 Air to its roster of air cargo transport providers.
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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