VIDEO: Unified Command starts preparations for Dali refloat Officials of the Key Bridge Unified Command were yesterday continuing to evaluate the Dali in preparation for refloating the vessel and clearing the Fort McHenry Federal Channel to the Port of Baltimore.
BigLift brings 11 Damen tugs from Asia to Europe on one ship Putting the big into BigLift, Spliethoff Group's heavy lift specialist BigLift Shipping has used a single vessel to transport 11 Damen tugs from the shipbuilder's yards in Vietnam and China to Europe.
Ship Repair USA: Refitting a vessel for crew comfort Crew safety and comfort are more important than ever. It has become critical to understand how a living environment can impact crew retention and performance. That's why vessel refits or renovations should
MSC increases rates for shipments to Valencia and Antwerp Swiss/Italian container carrier MSC has announced new Freight All Kinds (FAK) rates for shipments to Europe, effective from 1 June until further notice but not beyond 30 June. All Prices are in US Dollars unless otherwise specified Port of loading Port of discharge Commodity Rate 20 DV 40 DV & HC Nhava Sheva Antwerp Freight All 4,500 4,800 Kinds (FAK) Ennore Antwerp Freight All 4,500 4,800 Kinds
Hapag-Lloyd announces peak season surcharges for shipments to North America Hamburg-based box line Hapag-Lloyd has announced new peak season surcharges for shipments destined for North American ports. The German company will apply a new peak season surcharge from Indian Subcontinent & Middle East to North America for cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. The surcharge will apply to all containers gated in full
CFL multimodal and ista Luxembourg ink long-term deal CFL multimodal, through its subsidiary CFL logistics, and ista Luxembourg S.à r.l have signed a long-term agreement, under which the logistics expert will provide warehousing, customs and distribution services to ista, an international energy and water usage metering service provider. CFL logistics ensures storage of ista's products in a temperature-controlled, TAPA certified environment while al
MSC launches new weekly North Peru Feeder service MSC has announced the "North Peru Feeder", a new dedicated feeder service from Salaverry and Paita in Peru to provide increased port connections and faster transit times to Europe, the United States and the Far East. "By offering greater access from Salaverry's hinterland, the North Peru Feeder service will also provide time savings and mitigation of logistics risks for Peruvian customers," said
Container dwell times improve at San Pedro Bay ports Average dwell time for containers moving through the San Pedro Bay's Ports of Los Angeles and Long Beach improved during April 2024, as dwell times for containers moved by truck and rail saw reductions. Containers imported to the San Pedro Bay Port complex and destined for local delivery via truck spent an average of 2.50 days at port terminals, according to data from the Pacific Merchant Shippin
Port of Hamburg nears 2 million TEUs in 2024 Q1 Port of Hamburg handled 1.9 million TEUs in the first quarter of 2024, representing a slight 1.1% growth compared to the same period last year. At the same time, the German port's box throughput by tonnage also increased by 0.7% to 19 million tonnes. Axel Mattern, CEO of Port of Hamburg Marketing, explains, "The development of container throughput suggests that, despite the current events in the
Maersk reopens Baltimore bookings Maersk has announced an update on its services to the Port of Baltimore, reopening bookings for direct loading and discharge on the upcoming voyages. The Danish ocean carrier noted that the following bookings have opened: AGAS service Import to BAL - Dubai Express 421n - ETA June 1 (departing Cartagena, CO - May 19; departing Manzanillo, PA - May 20) Export from BAL - Dubai Express 422S - ETD Jun
Training is the key for opening the door to women in shipping Digitalisation and decarbonisation have altered shipping's horizon and have offered a route for women to enter the industry, filling a growing skills gap and changing the cultural norms of an industry that heavily leans towards male-dominated values. From digitalised support systems onshore to chief engineers and masters, working women will be involved in a maritime sector that the industry antic
PACECO and MITSUI debut first hydrogen fuel cell RTG crane at Port of Los Angeles PACECO Corp., a container handling machinery company, announced the commencement of commercial operations of the world's first hydrogen fuel cell powered rubber-tired gantry (RTG) Crane at the Port of Los Angeles. The H2-ZE RTG Transtainer Crane, developed in collaboration with MITSUI E&S, began operations at Yusen Terminals Inc. (YTI) on 15 May, marking the first time a fully hydrogen powered RT
Evergreen splashes out on more containers as equipment shortage bites Evergreen Marine Corporation (EMC) is turning to its in-house container manufacturer for more containers as major container makers have their slots full. The Taiwanese mainline operator announced on 14 May that it is ordering 17,500 containers from Evergreen Heavy Industrial Corp. (Malaysia), for a total price of US$65.17 million. Linerlytica's data shows that major container manufacturers' slots
Port of Greenock boosts reefer cargo capabilities through major investment United Kingdom's Port of Greenock will increase its reefer points from 32 to 220 with a significant investment of £750,000 (around US$950,000). This upgrade to the port's reefer capabilities is expected to facilitate access to global markets for food and drink manufacturers, with commodities like seed potatoes, meats, fish, fruit and vegetables and dairy products directly benefiting from the addi
European liner operators apply new surcharges from Asia to Africa Three of the major ocean carriers have announced new peak season surcharges (PSS) for shipments from Asia to several ports in Africa. First of all, Danish container line Maersk will apply the following PSS for dry and reefer containers from China to Kenya and Dar Es Salaam, Tanzania, effective from 20 May. Origin Destination Rate basis Container Currency Rate China Kenya Per container ALL_20_DRY
AD Ports expands into Türkiye through Noatum's new office AD Ports Group's Noatum, a multinational provider of integrated port operations, maritime, and logistics services, announced the inaugural launch of Noatum Maritime's office in Türkiye. The launch of the new office, to be led by Noatum Maritime, will serve as an important step towards broadening the company's reach in key regional markets with a focus on strengthening its maritime agency services
Harbor Lab raises US$16 million to streamline port cost management Harbor Lab, the maritime software company, has raised a US$16 million Series A funding round led by European VC Atomico. With participation from existing investors Notion Capital, Venture Friends, SpeedInvest and The Dock, and new investors Endeavor Catalyst and maritime VC TMV, the round follows a Seed round of €6.1 million (around US$6.6 million) and takes total funding for the Greek startup to
Port of Portland continues container services thanks to state financial support Port of Portland will continue providing container shipping services at Terminal 6, keeping Oregon's only international container terminal open. The decision follows Oregon Gov. Tina Kotek's announcement that she will include two critical items in her 2025-27 biennial budget that directly affect marine cargo service at T6: Capital investments at the terminal Channel maintenance costs in the lower
Building Your Credit Score with Online Loans in Australia Having a good credit score affects your ability to secure loans, rent a property, and sometimes, even get a phone contract. But if you're new to the country or haven't used credit before in Australia, building credit history from scratch can be a challenge. Online loans can be a potential tool to build your credit score, but it's important to tread carefully. Responsible use of credit, like makin
OceanPal and George Economou bury the hatchet Greece's OceanPal has struck a deal with George Economou, which will see the compatriot shipping magnate drop his pursuit to oust most of the bulker owner's directors. Economou, who owns 14.1% of the Nasdaq-listed spinoff of Diana Shipping via his investment vehicle Sphinx, has been seeking departures from five of OceanPal's seven current directors, including ...
Van Oord and Sumitomo line up UK interconnector deal Scottish energy firm SSEN Transmission has selected a consortium consisting of Van Oord and Sumitomo Electric as the preferred bidder for the Shetland 2 high voltage direct current (HVDC) link subsea cable. The need for a second HVDC link from Shetland to the main transmission system of Great Britain was announced by the National Grid ...
Christen Sveeas sues Solstad Offshore board and Aker Capital Christen Sveeas' investment company Kistefos has filed a class action lawsuit against the board and chief executive of Solstad Offshore and Kjell Inge Røkke-controlled Aker Capital. Sveeas has for some time been in conflict with Solstad Offshore and Røkke over the restructuring plan from October last year that splits the offshore shipping player into old ...
Houthis reiterate Mediterranean attack warning The leader of the Houthis has once again hinted that his group's area of attacks could spread to the Mediterranean. In a televised address yesterday, Abdulmalik al-Houthi vowed that all ships heading to Israeli ports will be targeted by his group's drones and missiles. The Houthis have previously made threats of extending their attacks into ...
Shipmanagement Market Report 2024 The argument to outsource has never been stronger, and yet less than one in five ships are farmed out to managers today. What is the sector doing wrong in appealing to its clientele? How best to get this message across? This forms much of the coverage in this 68-page publication being distributed online, across the ...
Romania gets much-needed port upgrades Yesterday, DP World opened three new sites in Romania, adding much-needed capacity to marine infrastructure that has welcomed far more vessels in recent years. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65m ($70.6m) investment: a 5 ha project cargo terminal and a new roro ...
George Economou backs down from Genco boardroom battle Greek shipping tycoon George Economou has backed out of his proxy fight against Genco Shipping & Trading and pulled back his nominee to the US-listed bulker owner's board. Economou's investment vehicle, GK Investor, said in a filing Thursday it had withdrawn the nomination of Robert Pons as a candidate for election to the Genco board, ...
Odfjell Technology buys Aberdeen-based oil and gas services firm Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has acquired consultancy, design, and development services firm McGarian TDC. Odfjell Technology said that the acquisition would further enhance the product line offering of its Well Services business area, enhancing its capabilities in the slot recovery a
RWE taps Ocean Infinity for Dogger Bank South geophysical survey German utility RWE and UAE's clean energy powerhouse Masdar have placed a contract with US offshore robotic ship operator Ocean Infinity for 3D ultra high-resolution seismic geophysical surveys at the Dogger Bank South (DBS) West offshore wind farm. Ocean Infinity will survey the subsea terrain at each of the proposed wind turbine foundation sites at ...
Saipem gets $850m subsea deal for Angolan oilfield work Italian offshore engineering and construction giant Saipem has been awarded a new offshore contract for the development of the Ndungu Field as part of the Agogo Integrated West Hub Project. Under the contract, awarded by the Angolan arm of Azule Energy - an incorporated joint venture between Eni and BP, Saipem's scope of work entails ...
Financial lifeline offered to Oregon's only container terminal The governor of Oregon has proposed a financial lifeline for the state's only container terminal. Portland's Terminal 6 has been scheduled to cease operations on October 1 this year, following the loss of regular shipping line clients and the departure of the terminal's operator. However, Governor Tina Kotek yesterday proposed $40m in state funding to ...
Ukraine mounts large-scale drone attack along the Russian Black Sea coast This morning, Ukrainian forces mounted a large-scale drone attack along the Russian Black Sea coast, hitting multiple Russian targets in Novorossiysk and Tuapse including oil refineries that had only recently been patched up from attacks earlier in the year. More than 30 explosions were recorded. Ukrainian drones also targeted the Crimean port of Sevastopol overnight, ...
Building a strong foundation for ESG compliance Putting in place enforceable regulations and achievable means of compliance for ESG targets is the only pathway to a secure a sustainable shipping industry for the future, writes Wikborg Rein's Laura Hyne. ESG (environmental, social and governance) considerations have gone from a 'nice to have' to a 'must have' in the maritime sector, spurred on ...
Economou ends proxy fights with Genco and OceanPal George Economou has ended his proxy battles with US-listed Genco and OceanPal. The shipping magnate took credit for Genco's rising...
Bullish box signals: CMA CGM back in black, spot indexes add to gains As the French liner company reports a return to profitability in its first quarter, spot rates in the second quarter...
Tata Steel shipping head says cargo owners must drive green transition Dry bulk cargo owner Tata Steel says fuel suppliers must work with cargo owners more than shipowners for decarbonisation to...
ITF designates Gabon and Eswatini flags of convenience 'Maersk's of this world' don't abandon seafarers themselves but are 'complicit' by using open registries, Crumlin charges
Blue Visby optimiser trial yields 'significant' CO2 savings A voyage optimisation software trial yielded CO2 average savings of 17.3%, according to the Blue Visby consortium
Ukraine Black Sea strikes could further disrupt Russia's refinery capacity The extent of the damage caused to the Tuapse refinery is not yet clear, but operations had only restarted after...
Red Sea missiles give Iranian box line an edge, says Jensen Free from Houthi threat, Iran's HDASCO boxships are sailing freely through the Red Sea, delivering cargoes to Europe, according to...
Wall Street may be overvalued. That doesn't mean shipping equities are Industry stocks have been hitting it out of the park for a couple of years. They may just go higher...
The Lloyd's List Podcast: Why women need their own day in the maritime calendar A male boss in the 1970s told one of the Wista founders that she needed to be a cold bitch...
Seeing is believing as Greek shipyards find saviours The picture for Greece's shipyard sector is looking much brighter as it undergoes a remarkable transformation after decades of gloom
Better placed than ever? Greek shipowners leading from the front At the vanguard of shipping since the days of Onassis and Niarchos, Greeks have once again been heavily reinvesting in...
Nuclear lobby asks IMO for fair hearing on safety Companies backing nuclear shipping defended the technology's safety record and asked the International Maritime Organization for a level playing field...
China's Zhoushan Changhong secures order for up to six tankers The newbuildings will be delivered from 2026 to 2027
Oregon's governor proposes lifeline for ailing Portland box terminal Oregon's governor said she would attempt to allocate $35m of the 2025-2027 budget to the port, which was set to...
Containership lessor GSL's adjusted share price just topped Covid-era high Sentiment was grim on US-listed containership lessors such as Global Ship Lease in the aftermath of the pandemic boom. But...
Daily Briefing Shipment from occupied Sevastopol to Venezuela marks new direction for Russia grain trades | Dutch owner entitled to reject euro...
Bullish fundamentals can't prevent sharp slide in CMA CGM's Q1 financials The declines in the carrier's first-quarter net profit and revenue came despite an almost 12% jump in its container volumes to 5.6 million TEUs.
DP World's Centerm project at heart of employer-union dispute in Vancouver The union representing Canada's West Coast longshore foremen say they are holding off a strike vote while a mediation process takes place with maritime employers.
Backhaul demand boosts rates for intra-Asia liners out of India Local industry observers and carrier executives expect Asian import flows into India to remain buoyant, aided by growing demand for raw materials and semi-finished products needed to support domestic industrial production lines.
Mid-level US freight recession packs larger truck rate wallop: analyst While the current US freight recession for trucking volumes is rather middling compared to recessions over the last five decades, the severity of the rate decline has been the sharpest and recovery isn't likely until 2025, writes economist Jason Miller.
Ongoing buildout of cross-dock, warehousing capacity boosts Virginia port system The roughly 1.7 million square feet of cross-dock capacity that has come online over the past two years is a mark of volume growth and the deepening of supply chains through Norfolk's terminals, writes Journal of Commerce Executive Editor Mark Szakonyi.
Intermodal rail, private fleets absorbing US freight growth: Cass US shippers are playing a direct role in keeping the for-hire truck market soft as they tactically shift freight to in-house fleets, according to Cass Freight Index.
CMA CGM earnings drop 30% as shipping weathers gradual normalisation But liner giant hails 'robust' profitability as freight rates rebound on Red Sea crisis
From sailing school to shipping hall of fame, the life of Genco's John Wobensmith Dry bulk executive talks about family, friends and even a frenemy at Port of New York and New Jersey induction ceremony
Jan De Nul repeats order for extra-large cable-layer in China Belgian group expands subsea fleet to five ships
Okeanis unlikely to be buying as VLCC prices set for another step up Greek owner happy with fleet as it predicts rise in secondhand values
Greece's Horizon Tankers ends decade-long order drought with tanker deal in China Shipowner books up to six product carriers at Zhoushan Changhong International Shipyard
Wavelength podcast: The cause of the Dali allision in Baltimore, women in the boys' club culture of shipbroking NTSB gives evidence on cause of Dali bridge disaster. Female shipbrokers talk candidly about experiences in the boys' club
George Economou drops OceanPal board bid in return for influence at Palios family shipowner Greek shipowner turned shareholder activist settles second spat in two days
UN trade body head to visit Panama Canal as extreme weather threats weigh on trade Unctad chief will see impact of climate change on supply chains
Spain made 'mistake' over barring vessel 'carrying arms to Israel', says ship operator says Transport minister says the Marianne Danica requested permission to call at Cartagena
Bahri steams in to snap up SM Korea Line VLCC quartet Brokers say Hanwha Ocean is in negotiations but still trawling for buyers on its 2026 large tanker berths
Ukrainian drones strike Russian refinery for the second time IEA reports lower than expected impacts from Ukraine attacks
Shipbroking needs to embrace true equality and real respect so women may flourish Sure, shipbroking is a highly competitive business but make it a fair one
VLCC term rates stay firm as Trafigura fixes Marubeni tanker Brokers note more activity in all tanker sectors
Henning Oldendorff-backed M&M Bank ups lending as high rates stimulate investment Norwegian niche lender sees loan book grow to $379m
SFL trying to fill charter gaps left by spot players Frontline and Scorpio Tankers John Fredriksen's sale-and-leaseback specialist aiming to be part of longer-term logistics chain
Aristidis Alafouzos hits back at 'sour grapes' over stellar Okeanis VLCC rates Greek CEO grilled by analysts on how company's freight levels can be so much higher than rivals
Scrapping work sparks explosion and fire on tanker in Caribbean Video shows tug trying to extinguish blaze on Aqua Marine off Port of Spain
Profit beats revenue at Castor Maritime as another bulker is sold Cypriot owner confirms deal to offload panamax built in 2011
Women shipbrokers call for end to 'boys' club' culture Exclusive TradeWinds survey to mark International Day for Women in Maritime reveals female brokers want more flexible working - and less 'unwanted attention'
Women in shipbroking: Tickbox culture or a genuine shift to inclusion? On International Day for Women in Maritime, an exclusive TradeWinds survey of leading companies highlights a sector that has not always proved female-friendly but is talking change
Women shipbrokers step up fight against 'boy's club' culture Exclusive TradeWinds survey to mark International Day for Women in Maritime reveals female brokers want more flexible working - and less 'unwanted attention'
Imperial Petroleum confirms tanker sale as Harry Vafias 'optimistic' on markets Athens owner talks up big jump in fourth-quarter earnings but figures down year on year
Oldendorff-backed M&M Bank ups lending as high rates stimulate investment Norwegian niche lender sees loan book grow to $379m
Firefighter dies tackling chemical tanker blaze Man was found unconscious in engine room
Stale Hansen plays down merger talk as Skuld 'goes-it-alone' CEO Stale Hansen says P&I provider is gunning for a top three position as premium income surpasses $500m for first time
Hyundai Vietnam Shipbuilding bags two product tanker orders Pan Ocean is named as the owner of the two 50,000-dwt vessels
'She-farers': Columbia cadet tells other female crew members to have confidence in themselves Ship manager shares mentoring interview with Filipino container ship recruit
BAL mulls $600m order for ultra-large container ship newbuildings The liner company is ordering up to four scrubber-fitted 14,000-teu vessels
Weaker floating storage demand drags on results at Thai VLCC player First-quarter results at Prima Marine also hampered by several tankers heading for dry-dockings
All Aboard: Swire Shipping's quest to welcome women seafarers Chief executive Jeremy Sutton says goal to have women make up 10% of its seafarers is just the start
George Economou surrenders Genco Shipping board fight, declares victory Tycoon pulls back director nominee, says his critiques have been 'principal driver' for higher stock price
What early freight orders for peak season show - CNBC Supply Chain Survey A new report from CNBC shows consumer spending will not dramatically rise this peak season, but a modest uptick is likely. Companies with a clear view of their businesses have an idea what peak season will look like and are preparing.
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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