Birdon set to deliver new Denver-built bridge erection boats to Netherlands Birdon America Inc. reports that its contract to provide Bridge Erection Boats (BEBs) to the Netherlands Army is progressing on schedule, with six Birdon BEBs in the final stages of assembly with
U.S. port strike fears stoked as ILWU pledges solidarity with ILA Raising the specter that a threatened Maine to Texas U.S. port strike could ratchet into something even further reaching, Willie Adams, U.S. West Coast dockworkers' union president on Friday wrote International Longshoremen's
FERRIES 2024: An inside look at a new carbon fiber plug-in hybrid ferry In July, EV Maritime, a New Zealand-based company specializing in electric ferry design and technology, announced it has been commissioned by Angel Island Tiburon Ferry (AITF) in San Francisco Bay to develop
Canada exercises remaining CSS Asterix option years CSS Asterix, a combat support ship created by converting and transforming a containership, is to continue to support the Royal Canadian Navy for some years yet. Ottawa-headquartered Inocea Group member Federal Fleet
ZIM posts improved financial results amid increased volumes ZIM Integrated Shipping Services has released its consolidated financial results for the three and six months ending 30 June 2024. In the second quarter of the year, ZIM carried 952,000 TEUs, marking an 11% increase compared to the same period last year, while the average freight rate per TEU rose to US$1,674, reflecting a 40% year-over-year growth. "We are pleased with our strong second quarter
CMA CGM implements PSS from North Europe to North America CMA CGM, the French carrier, has announced a Peak Season Surcharge (PSS02) effective from 15 September 2024 (loading date) until further notice. This surcharge applies to shipments from all North European ports-including North France, the United Kingdom, Ireland, Scandinavia, Poland, the Baltic region, and North Spain (Bilbao, Gijon)-to the US East Coast, US Gulf, Canada East Coast, Mexico, and a
CMA CGM announces new FAK rates from France Med to Algeria CMA CGM, the French shipping company, has announced new Freight All Kinds (FAK) rates. These rates will apply starting 1 September 2024 (date of loading) and will be in effect until further notice. They will be available for shipments from all French Mediterranean ports to Algeria and will cover all types of cargo. These rates apply to short-term contracts. Port of Discharge Quantum in EUR per 20
CMA CGM applies new FAK rates from the Med to the Red Sea CMA CGM, the French carrier, has announced new Freight All Kinds (FAK) rates, effective from 1 September 2024, until further notice. These updated FAK rates will apply to cargo originating from all main ports in the West Mediterranean, Black Sea, Adriatic, East Mediterranean, and North Africa, with destinations at all base ports in the Red Sea. CMA CGM's customers must note that outports in the R
MSC restarts Far East-Australasia service as rates head north As Far East-Australia rates have been going up, Mediterranean Shipping Company will relaunch the North Asia-ANZ Wallaby service today (19 August). The service connects Hong Kong, Yantian, Xiamen, Shanghai, Ningbo, Sydney, Melbourne, Auckland, Bluff, Lyttelton, Wellington, Napier, Tauranga, Melbourne, Brisbane, and Hong Kong. The first sailing will see the 2,732 TEU MSC Tania depart Hong Kong. The
MSC's new Britannia service debuts in Liverpool Peel Ports welcomed the inaugural call of a new direct container service connecting the UK's North-West with the Far East this week. MSC's Britannia Service establishes a distinct trade corridor between these two regions, significantly enhancing export and import opportunities for businesses leveraging the Port of Liverpool's strategic location near the UK's central markets. "We are delighted to
ABP appoints new Humber leader Associated British Ports (ABP), the UK's largest and leading ports operator, announced the appointment of Andrew Dawes as the new Regional Director for Humber, succeeding Simon Bird, who will be leaving ABP at the end of October. In his new role, Andrew will join the Executive team and report directly to ABP's CEO, Henrik L. Pedersen. Andrew's career began at the Southampton Container Terminal, a
TecPlata: Argentina's first carbon-neutral port, ICTSI's fifth TecPlata, a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Argentina, has become the first port in the country to achieve carbon-neutral certification. This certification highlights TecPlata's dedication to reducing its carbon footprint by promoting responsible resource management and offsetting unavoidable emissions through certified carbon credits, which contribute to
PSA BDP launches carbon dashboard for freight emissions tracking PSA BDP, a leading provider of global logistics and supply chain solutions, has introduced its new Carbon Dashboard data service. This innovative platform enables shippers to accurately measure their freight carbon emissions using a cutting-edge methodology, helping them to more effectively meet their sustainability goals. Currently, many companies struggle with visibility into their freight carb
PIL expands fleet with five 13,000 TEU LNG container vessels Pacific International Lines (PIL) is advancing its fleet renewal program with an order for five new 13,000 TEU container vessels, each equipped with liquefied natural gas (LNG) dual-fuel engines. These neo-Panamax vessels, to be constructed by Hudong Zhonghua Shipyard, a leading Chinese shipbuilder, are scheduled for delivery in late 2026. Designed strongly emphasising efficiency, safety, and sus
Gearbulk boosts orderbook in China Norwegian open hatch bulker owner Gearbulk has bolstered its orderbook of ammonia and methanol-ready 82,300 dwt newbuilds at CSSC Huangpu Wenchong Longxue shipyard in China. The contract covers two firm vessels, with delivery in October 2028 and January 2029, adding to four newbuilds ordered earlier this year, delivering in the first half of 2027. "This ...
d'Amico uses option to buy MR tanker way below market value Italian product tanker owner and operator d'Amico International Shipping (DIS) has exercised its purchase option for the 50,000 dwt medium-range product tanker Crimson Pearl. The vessel was built in August 2017 by Japan's Minaminippon Shipbuilding. The eco MR product tanker has been time-chartered-in by d'Amico Tankers ever since. The purchase option will set back d'Amico ...
UK invests in DR Congo's first deepwater box port The UK's development finance arm, British International Investment (BII), has joined Dubai-headquartered terminal operator DP World with a capital injection directed towards the development of the Democratic Republic of the Congo's first deepwater container port. BII has committed to investing up to $35m in DP World's infrastructure build at the Port of Banana following similar ...
Sumitomo buys stake in German offshore wind monopile manufacturer Japan's Sumitomo Corporation has bought a stake in the family-run monopile producer EEW Offshore Wind Holding. The transaction will have a commercial effect from July 1 and will be completed at the end of December 2024, subject to legal and regulatory requirements. As one of the main reasons for the stake acquisition, Sumitomo pointed to ...
NYK strikes deal for its first methanol-powered bulker Japanese shipping line Nippon Yusen Kaisha (NYK) has sealed a deal to take on a methanol dual-fuel ultramax bulk carrier on charter next year. NYK Bulk & Projects Carriers will charter in a newbuild 65,700 dwt unit, which compatriot owner Kambara Kisen currently has under construction at the go-to yard for methanol-fuelled bulkers Tsuneishi Shipbuilding. ...
Accelleron acquires Canadian voyage optimisation firm True North Marine Swiss-based engine turbocharging company Accelleron has agreed to acquire Canadian specialist in digital weather routing and voyage optimisation True North Marine (TNM) for an undisclosed sum. The spinoff of technology group ABB will take over the Montreal-based firm in the next few weeks and retain all of its 50 employees. Established in 2013, TNM provides ...
DOF wins CSV charter extension Norway's DOF Subsea has secured a contract extension for its construction support vessel (CSV) Skandi Africa. The company said the new fixture will run until May 2028 in direct continuation with the current commitment set until February 2026. Financial terms have not been disclosed. The most sophisticated vessel in DOF Subsea's fleet was initially signed ...
China offers subsidies to local owners to renew their fleets China has unveiled new policies to renew its domestic fleet. A new scrapping policy, announced earlier this month, targets the nation's enormous coastal and inland fleets whereby shipowners are eligible for a newbuilding subsidy, which largely favours tonnage powered by alternative fuels. Old ships who meet the criteria laid out by Beijing can earn $140 ...
Environmentalists pull out from Scarborough lawsuit Australian energy major Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the latter's challenge to a primary environmental approval for Woodside's $12bn Scarborough project. The Scarborough project has all primary environmental approvals in place and, according to Woodside, offshore work is progressing well. The ACF, represented by the Environmental Defenders Offic
Canadian rail strike set for Thursday Canada looks set to be hit by industrial action at its two main freight rail companies from this Thursday as employers and employees made their positions clear over the weekend with no deals in sight over labour agreements. Canadian National Railway formally notified the Teamsters union in Canada on Sunday that it would start locking ...
Equinor shuts down production at Gullfaks C over well control incident Norwegian energy giant Equinor halted production from its Gullfaks C platform on Sunday due to an incident at one of its wells. As a safety measure, some workers were evacuated from the North Sea platform, located off the coast of Norway. This was done to ensure the crew's safety in case the situation with the ...
Secondhand dry bulker sales on track to smash records Secondhand dry bulker sales are firmly on track to smash records this year. The latest data from Clarksons Research shows 542 vessels of a combined 40.3m dwt have been sold in the year to date, 17% above the 2023 run rate and on pace to exceed the record level of sale and purchase activity seen ...
MOL steps deeper into cow dung Japan's largest shipping company has headed to the pastures in the north of the country to source its next alternative fuel. Mitsui OSK Lines (MOL) is teaming with a local town on Hokkaido island, as well as a dairy farm, and a gas provider to study the production and utilisation of biomethane made from animal ...
Another CMA CGM ship loses containers off South Africa Adverse weather conditions have led to yet another large container vessel losing 99 containers off the east coast of South Africa, according to the South African Maritime Safety Authority (SAMSA). In response, a navigational warning to sailing vessels has been issued and a public call made to report any sighting of the cargo containers possibly ...
PIL orders five boxships at Hudong-Zhonghua Singapore'sPacific International Lines (PIL) has ordered five 13,000 teu ships in China. The LNG dual-fuel ships will start delivering from Hudong-Zhonghua from the end of 2026. "These latest orders are part of PIL's fleet renewal strategy for larger and more eco-friendly vessel types," said Lars Kastrup, the CEO of PIL. PIL has another eight ships ...
Priorities for the salvage industry James Herbert, secretary-general of the International Salvage Union, writes for Splash today, emphasising the importance of the Lloyd's Open Form. It is almost impossible to see a piece of corporate writing relating to any industry today without a reference to ESG. Indeed it is now such a commonplace that it no longer needs spelling out ...
Italy's d'Amico exercises option on MR tanker at 'attractive' price Milan-listed d'Amico International Shipping has exercised a purchase option on a 2017-built MR tanker at an attractive price of $31m...
VLGC rates rebound, but Panama Canal recovery could limit upside TCE rates for very large gas carriers started this week 50% higher than the previous one, according to Baltic Exchange...
IMO carbon price plans show gulf between states on revenue question The bevy of new and revised carbon pricing proposals before the International Maritime Organization show states divided on the way...
Zim share price jumps as second-quarter profits trounce estimates Israeli carrier Zim has announced bumper quarterly results and significantly raised its full-year earnings guidance. The company's legion of retail...
Probe into Russia's ghost fleet wins journalism award A joint investigation by Bellingcat, Scripps News and Lloyd's List has won a 2024 Edward R Murrow journalism award for...
British state investment fund backs DRC container port The development is an extension of an existing programme between British International Investment and logistics giant DP World, which has...
North American supply chains brace for Canadian railroad stoppage Two important freight railroads in Canada are set to grind to a halt on Thursday if a labour dispute is...
Industry cannot handle Li-ion batteries alone, says UK Club Research and collaboration needed to identify how relatively new risk is shaping up, Modev argues
Boxship charter rates stabilise with activity muted As the fundamentals that led to the unexpected surge in charter rates have not changed considerably, a substantial reduction of...
The week in charts: Red Sea uncertainty clouds port outlook | How much will it cost to comply with FuelEU? | US grain exports tipped to rise Analysts pinpoint developments in the Red Sea as the underlying determinant for global port sector prospects in the second half...
The week in newbuildings: Containership ordering frenzy continues Pacific International Lines, Regional Container Lines and Wan Hai Lines add containership newbuildings, while MSC boosts ultra-large boxship orderbook by...
Mozambique to lease port terminal to neighbour Malawi The port of Nacala has played a key role in Mozambique's increased presence in the dry bulk market, with more...
Former head of China's Guangxi Beibu Gulf Port Group under investigation As a result of Beijing's anti-corruption efforts, several former heads of state-owned port groups have been investigated or sentenced to...
CMA CGM vessel loses 99 boxes off South African coast A second CMA CGM vessel has lost containers when transiting in the region, after CMA CGM Benjamin Franklin lost 44...
HMM eyes more MR tankers to diversify fleet HMM is optimistic about the product tanker market and plans to invest in this segment
Pacific International Lines orders five 13,000 teu dual-fuel vessels The latest vessels will not only contribute to the carrier's decarbonisation goals but also help it better meet customer needs
Daily Briefing One Hundred Ports: Box ports tread water as the 'tepid 20s' persist | One Hundred Ports: Red Sea uncertainty clouds...
d'Amico International scores discount with purchase of chartered product tanker Chief executive says tanker owner is paying 30% below market price
Zim speaks on staggering quarter: 'This is a great achievement' Israeli liner operator adds close to 25% in share value as New York trading explodes
Looming US election poised to 'severely limit' China buying of soy amid fears of unfavourable trade policy Asian imports giant opts to buy 'more aggressively' from South America
Gearbulk takes orderbook to six with latest newbuilding deal Vessels on order for G2 Ocean pool will be delivered between 2027 and 2029
Transition blow for tankers: VLCC owners feel the heat as LNG-fuelled truck sales soar in China Long-feared changes in oil demand start to show as Chinese heavy transport responds to cleaner fuel incentives
Capesize spot market springing to life as Pacific miners ramp up action Fixing activity has helped lift average spot rates above the $21,000 level during the past week
Ocean Yield charter backlog grows to $4.7bn after LNG deal Owner 'continues to selectively evaluate new investments'
Six bulkers join Bluepool Panamax pool in just one month Pool's earnings have outperformed the Baltic Panamax Index
BW Group-backed Cadeler lands €420m financing deal for offshore vessel pair Vessel owner says new facilities have 'materially improved terms'
Zim shares soar on huge earnings beat as full-year 2024 guidance doubles Fleet expansion and continued Red Sea disruptions set up stronger second half
Maersk Mc-Kinney Moller Center chief technology officer Claus Winter Graugaard dies after 'sudden illness' Former DNV and J Lauritzen man joined the centre in 2021
Big names lock in VLCC period deals as time charter activity spikes in rising market Up until recently, there were just nine VLCC time charters all year
NYK extends methanol fuelling to ultramax bulk carrier Japanese company has chartered one newbuilding from Kamsara Kisen
Modern shadow LNG carrier leaves Northern Sea Route with Russian cargo As mystery swirls over sanctioned Hanwha LNG newbuilding
Clarksons hires new broker and country manager for South Korea Steve Ryoo will concentrate on vessel chartering, sale and purchase, as well as providing offshore wind advisory
Transition blow for tankers: VLCC owners feel the heat as LNG-fuelled truck sales soar in China Long-feared changes in oil demand start to show as Chinese heavy transport responds to cleaner fuel incentives
Intertanko plugs into DNV platform that helps tanker owners with emissions reporting Intertanko members given cloud access to enable EU ETS reporting and CII compliance needs
Norden investor relations head Stig Frederiksen quits for logistics firm after a year Frederiksen previously worked for Maersk and investment banks
Tor Olav Troim's Himalaya Shipping slumps as DNB downgrades amid 'considerable' asset value risk DNB Markets cuts target price to NOK 67 per share from NOK 91 given material headwinds in dry bulk
Orsted shelves green methanol project amid lack of market interest Energy company cites lack of offtake agreements for ending project one year before launch
Torm sticks to the playbook as it stalks the S&P market When it comes to buying ships, Danish product tanker owner has a plan
NYK extends methanol fueling to ultramax bulk carrier The Japanese company has chartered one newbuilding from Kamsara Kisen
'Aggressive' Avance Gas shorting pays off for Joakim Hannisdahl's shipping stock fund Gersemi Shipping Fund takes profit from shorting Avance shares after BW LPG deal
MOL looks to tap cow dung for 'greener' bunker fuel Shipowner teaming up with Hokkaido dairy industry in quest for low-carbon fuels
China Merchants splashes almost $1bn for 10 large crude tanker newbuildings Shipping giant is buying five VLCCs and five aframax crude carriers
Pacific International Lines jumps on boxship ordering bandwagon with newbuilding quintet The 13,000-teu LNG dual-fuel newbuilds are said to cost more than $190m per ship
Seacon Shipping expects to make $9m gain on sale of ultramax bulker Second bulker controlled by Chinese shipowner also reported sold.
Red Sea crisis impacts DP World as interim profit slides nearly 60% Dubai-based outfit says it has faced considerable challenges, affecting global trade routes and logistics operations
Vancouver port acts ahead of Canada rail stoppage Canada's busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
New Atlas Air academy creates direct pathway for hiring young pilots Atlas Air has invested in a pilot academy designed to better cultivate the available talent pool for flying its large freighters.
Maersk joins study of nuclear-powered box ships A feasibility study of nuclear-powered container ships to lower emissions teams Maersk, the world's second-largest container line, with vessel classification society Lloyd's Register and nuclear power specialist Core Power.
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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