SWITCH Maritime's Sea Change ferry set to enter service For those of us who have been following the project from its earliest days, this has been a long-awaited development: SWITCH Maritime's hydrogen fuel cell powered ferry the Sea Change has now
FMC launches probe of Canadian ballast water regs Pending Canadian ballast water management regulations have been slammed as "the epitome of an unfair business practice," by the U.S. based Lake Carriers Association (LCA), which filed a petition asking the Federal
Thordon to retrofit tailshaft bearings on 32 Panama tugs Thordon Bearings has secured a significant contract to convert the rubber tailshaft bearings across an entire fleet of Panama-operating tugs, pilot vessels, and workboats to water-lubricated polymer bearings. The agreement with the
Simplifying International Trade: The Role of Customs Declarations Importing and exporting goods across borders requires filling out a form that is referred to as a Customs Declaration, which ensures your goods are fully compliant with the trading rules and you have paid the accurate amount of taxes and duties. This blog will take you through the importance of customs declarations in international trade. What is a customs declaration? A customs declaration is a
Higher consumption in China, US contributed to rate spike Rising consumption before and after China's Labour Day holiday, the Canadian railroad strike and concerns relating to the labour-management conflict at US ports are contributing to the ongoing spike in freight rates, according to a report released by Korea Ocean Business Corporation (KOBC). The report stated that besides the oft-cited Red Sea crisis and the resulting shortage of vessels and conta
SC Ports halts operations due to software issue South Carolina Ports (SC Ports) has announced delays at its terminals and inland port operations, including gates, due to technical issues. SC Ports said it is trying to bring systems back online. SC Ports is working to resume all operations as quickly as possible following a vendor software issue that impacted a server. "We are working through some issues bringing our gate systems back up," note
Port Houston records double digit container growth Port Houston continues to exceed last year's container volumes and is up 12% through April with 1,394,094 TEUs. In April, 324,177 TEUs moved through the US port, which represents a 5% increase compared to the previous year's April figures. A closer look at container cargo shows strong volume for both loaded imports and loaded exports as both directions continue an upward trend. Loaded imports are
Booming May rates mask the looming capacity bomb Massive increases in container shipping rates since 2 May are the consequence of Asian port congestion, US import demand, reduced Asia to Europe capacity and the ongoing geopolitical risks seen in the Red Sea, sending rates soaring by 28.8% in two weeks. Drewry Shipping consultants said that average container freight rates had fallen week-on-week by 2.6% between 25 January and early May, boosting
Maersk and Kotahi enter second decade of New Zealand export freight partnership Maersk and Kotahi, New Zealand's largest container manager, have signed a second long-term freight agreement to December 2034. "An ongoing freight partnership, with Maersk, will provide New Zealand's international trade with resilience and agility to navigate these issues into the future," said David Ross, Chief Executive of Kotahi. Ross continued, "The magnitude of this agreement is big, even by
Port of Los Angeles increases container volumes Port of Los Angeles handled 770,337 container units in April, representing a 12% increase over the previous year and marking the ninth consecutive month of year-over-year growth. Four months into 2024, LA port workers have processed 3,150,841 TEUs, nearly 25% more than in 2023. That's also 5% higher than the Port's running five-year average dating back to 2019, including two years of record volum
SAFEEN Group debuts electric tug in Middle East AD Ports-owned SAFEEN Group is trialling an electric tug within their Marine Services fleet, the first of its kind in the Middle East, which will be deployed at AD Ports Group's flagship facility, Khalifa Port. Unveiled during the 27th International Tug & Salvage Convention, Exhibition & Awards 2024, Dubai, the Damen RSD-E Tug 2513 is an all-electric harbour tug, expected to provide numerous adva
DP World introduces finished vehicle solution for Mexico-US trade DP World has designed an industry-first solution based on using 53-foot intermodal containers with racking systems to transport finished vehicles by rail from Mexico to the United States and Canada. The service, which will commence on 1 June, is based on loading finished vehicles into containers directly at the factories in Mexico or at designated stuffing yards close to the manufacturing hubs. T
Oakland's box volumes recover in April The Port of Oakland's April container volume showed a 17% increase in full TEUs for the first four months of 2024 compared to the same period in the previous year. This reflects Oakland's return to its historical average cargo volumes, rebounding from 2022 and 2023 declines. Full imports rose year-over-year for the sixth consecutive month (November 2023 - April 2024). The Californian port posted
ONE partners with The University of Tokyo on Social Cooperation Program Ocean Network Express (ONE) launches a Social Cooperation Program, "Container Management Science" in collaboration with Japan's School of Engineering at The University of Tokyo. The program, which commenced in April, marks a significant step towards addressing the increasingly complex and diverse challenges facing the modern container shipping industry from a comprehensive and interdisciplinary p
Dali towed away from Baltimore bridge collapse site Dali, the container ship that struck down Francis Scott Key Bridge in Baltimore, has arrived at Seagirt Container Terminal after being refloated on 20 May. An allision between the 2015-built 10,000 TEU ship and the bridge on 26 March caused the bridge to collapse, killing six construction workers who had been mending potholes on the structure. Dali, which Maersk Line chartered from Singapore-base
Pyxis Tankers expands further into dry bulk in new deal with boss Valentis Greek owner Pyxis Tankers is adding a third bulk carrier in another joint venture with its chairman and chief executive, Valentios (Eddie) Valentis. The Nasdaq-listed firm is buying the 2015-built kamsarmax Konkar Venture in a deal worth $30m, funded by $16.5m of bank debt, $13.2m in cash and the new issuance of $1.5m of restricted ...
Equinor extends Odfjell Technology drilling services gig on Mariner platform Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won an extension of full drilling services on Equinor's Mariner A platform. Equinor's two-year option on the contract for drilling services on the platform, located some 150 km east of the Shetland Islands, encompasses managing operations, maintenance,
Havfram pens offshore wind installation deal with Iberdrola Norwegian contractor Havfram has signed a contract with Spanish electric utility company Iberdrola for the installation of 21 Siemens Gamesa wind turbines at the Windanker project in the Baltic Sea. The agreement covers transport and installation support, which will be executed by one of Havfram's newbuild NG20000X-HF wind turbine installation vessels. The contract will start ...
Indian state operator wins rights to operate terminal in Bangladesh The Indian state is winning back-to-back port deals with neighbouring countries. Following successful agreements for Chabahar in Iran and Sittwe in Myanmar, state-backed India Ports Global Ltd (IPGL) has just won a tender to run a terminal at Mongla port in Bangladesh. IGPL is part of the Ministry of Ports, Shipping and Waterways and has ...
Norden swoops on Eastern Pacific newastlemax pair Danish shipping giant Norden has bolstered its dry bulk fleet with a pair of newcastlemaxes from Idan Ofer's stable. Multiple brokers report the Jan Rindbo-led owner and operator has forked out around $146m to purchase the 2021-built scrubbed-fitted Trust Qingdao and Trust Shanghai from Eastern Pacific Shipping. This will be the company's second move on ...
PGS finds partner to improve seismic data interpretation Norwegian seismic acquisition specialist PGS has improved its on-demand seismic data interpretation capability with a collaboration agreement with Austin-based energy innovation platform Onward. The collaboration between Onward and PGS gives subscribers of the Norwegian company's OnDemand services the option to access Onward's interpretation services and reveal the subsurface potential of extensi
Family seeks answers over death onboard shadow tanker in China The family of a dead Georgian seafarer is seeking answers from authorities in China. Splash has seen shocking footage of the moment a seafarer died, covered head to toe in flames, and a Chinese yard worker was seriously injured after an explosion onboard during routine repairs at a yard in northern China. The incident happened ...
Saipem scores big with $3.7bn in Angola deals from TotalEnergies Only days after Italian offshore engineering and construction giant Saipem won an $850m deal in Angola with Azule Energy, it won even bigger deals in the country with French major TotalEnergies. The three new contracts awarded by TotalEnergies will have an overall value of around $3.7bn. These awards come after TotalEnergies, along with its Block ...
Seatrium reaches $68m settlement in rigs-related dispute Singapore shipyard group Seatrium has agreed to pay an additional $68m to settle a rig building dispute with Norwegian industrial investor Akastor. Akastor said in a filing on Oslo the sum would be paid as full and final settlement and booked in its Q2 financials. The case dates back to 2012 when Jurong Shipyard, now ...
Dali back at berth in Baltimore The Dali, the containership that caused the Francis Scott Key Bridge collapse on March 26, returned to the port of Baltimore on Monday. The ship was refloated and moved slowly into port, arriving at 9am. The ship will spend several weeks getting temporary repairs at the same marine terminal it occupied before beginning its disastrous ...
Coastal bags vessel sale and charter extension Malaysian services provider Coastal Contracts has struck a deal to sell one of its offshore support vessels and secured a long-term charter extension for another. The Bursa Malaysia-listed firm is offloading an unnamed OSV via its wholly-owned subsidiaries, Coastal International Marine and Pleasant Engineering, to undisclosed buyers. Meanwhile, the charter extension will see the other ...
Korea Line exits VLCC segment with sales to Bahri Saudi Arabian shipping giant Bahri has purchased four modern VLCCs from Korea Line Corporation, according to brokers. No price is attached to the deal, but one Greek broker suggested that the four-year-old ships could have fetched about $116m each. The sale has been widely expected as Korea Line, part of SM Group, has been reported to ...
Bulker duo averages 17.3% CO2 reduction in Blue Visby trial The first trials of the Blue Visby Solution prototype have claimed to have reduced CO2 emissions by 17.3% on average during voyages on two bulkers chartered to CBH Group, a Blue Visby Consortium member. According to available data, the Blue Visby Solution, a project best described as a mitigation tool for sail-fast-then-wait operations, had its ...
Vietnamese owner seals product tanker deal with CSSC Leasing Asia Pacific Shipping Company, a relatively new Vietnamese shipowner, has signed a sale and leaseback agreement with CSSC Leasing, selling two product tankers due for delivery in 2026 to the Chinese company for $105.3m. Under the deal, the Vietnamese company, led by Nguyen Quynh Anh, will take the two newbuilds on bareboat charter for 10 ...
SeaBird clinches contract work for survey vessel Marine seismic specialist SeaBird Exploration has been awarded ocean bottom node (OBN) source work for the vessel Eagle Explorer in the Western Hemisphere. penned a letter of award with an unnamed repeat client for a 2D survey in the Eastern Hemisphere and secured a contract extension for one of its vessels. The Oslo-listed company said ...
South Carolina ports close thanks to software problems The South Carolina Ports Authority (SCPA) was forced to close Charleston port and inland harbours all of yesterday following what it described as a software issue. The port authority has said it is working to reopen all ports from 5am today. "SC Ports is working diligently to reintroduce systems following a vendor software issue that ...
Lilos, life rafts, and FuelEU Risto Kariranta and his start-up, Ahti, have developed a FuelEU calculator which has revealed some interesting stats. With views over the river Thames and London's historic centre, the International Maritime Organization's large roof terrace would be a great place to host a pool party on a sunny day. However, it's from rules conceived in Belgium ...
Zim continues to place its bets on the transpacific spot market Zim's transpacific spot exposure is at 65%, up from the traditional 50%. 'That is a more challenging decision for us...
Charleston gates reopen after 'vendor software issue' forced closure A 'vendor software issue' that kept terminal gates in Charleston shut since Monday morning was resolved Tuesday afternoon. The port...
Houthis yet to make good on latest round of threats The attack on MSC Orion in the Indian Ocean sparked concerns the Houthis would hit ships further afield, but so...
Minor container trades are slowly taking up the slack Lower volume trades are growing faster than headhaul trades. But carriers have to work harder for their money
Pyxis Tankers agrees third bulker acquisition Latest purchase is 60:40 joint venture with chief executive Eddie Valentis
Watch: Dali refloated and moved, freeing Baltimore port traffic Several tugs refloated Dali and towed it to a secure marine terminal, marking an important milestone in the restoration of...
Ramping up Greek shipping's social solidarity efforts Greek shipowners have stepped up to respond to national emergencies but also the daily needs of poorer Greek families and...
Keeping a finger on the pulse of Greek shipping It is now 20 years since the inception of the Lloyd's List Greek Shipping Awards; the event has been celebrating...
Performance is key for Interunity Interunity Group has put some distance between itself and the broad swathe of tonnage providers in Greek shipping, drawing comparisons...
Chinese shipbuilders tighten grip on market Statistics from China's national shipbuilding association come as Chinese industrial representatives are expected to engage in heated debates with the...
Cash buyer secures two Evergreen containerships for green recycling Evergreen's 5,652 teu Ever Uranus and the 1,164 teu Uni Assure are expected to be recycled in India and Türkiye...
Maersk renews 10-year supply chain deal with New Zealand's Kotahi Maersk said it was committed to New Zealand having recently opened a cold chain hub in Ruakura, its largest infrastructure...
Daily Briefing Taxing shipping emissions will raise a lot of cash. How should it be spent? | Large rise in empty equipment...
Emerging Vietnamese owner lands leaseback deal with CSSC Shipping to finance fleet expansion Two vessels involved are understood to be resales from existing long range two tanker orderbook
SC Ports resumes most operations, but recovery just beginning Truckers working the Charleston market say it could take a week or longer to cut through the backlog of containers that didn't move while terminal gates were shut for the better part of two days.
Flexport hit with second FMC billing complaint this month A legal battle over unpaid detention and demurrage bills between the forwarder and importer Giti Tire has now moved to US maritime regulators.
Carrier Zim swings back to Q1 profit on volume, pricing strength The carrier credits new chartered capacity and container equipment investments for allowing it to handle the higher-than-expected volume growth this year as Red Sea diversions challenge industry bandwidth.
Annual contract talks offer up new twist in carrier-forwarder relationships In the recently completed annual negotiating round, trans-Pacific carriers slashed, or in some cases eliminated, the access of forwarders to fixed-rate bookings for accounts whose identity they disclose.
Shippers fight for allocations as early peak season hits Asia-Europe The peak season typically runs from June to September, but unseasonally strong demand is placing capacity under mounting pressure and driving up rate levels on the trade lane.
Gates remain closed at Charleston, inland ports amid ongoing software issue No cargo pickups or drop-offs are taking place at Charleston's marine terminals and SC Ports' two inland ports as officials scramble to resolve the software problem.
Carriers, shippers scramble amid worsening container shortages in Asia Longer transit times to Europe and North America as vessels continue to divert via the Cape of Good Hope to avoid the Red Sea region has delayed the return of empty containers to Asia, particularly China.
Schoeller's AAL adds methanol newbuildings as boss Kyriacos Panayides eyes market share CEO of heavylift company says price has deterred rivals from ordering next-generation ships
Greek shipowner Eddie Valentis sells bulker stake to public vehicle Pyxis Tankers New York-listed company and Valentis to jointly own kamsarmax
Poten & Partners sees boost for tankers should Sudan security improve War, pipeline ruptures and Houthi attacks are holding back crude cargoes, broker says
EnTrust eyes gaps left by retreating Scandinavian shipping banks after closing OMP deal New York investment firm snags Oslo arm in bid to break in up north
Key window into Jones Act tanker market closes with $950m OSG takeover Shipbrokers who thrive on information arbitration may not complain as US-flagged ships sail off the public record
Stolt-Nielsen pays out $290m as battle over deadly container ship explosion closes Norwegian shipping giant to meet figure related to MSC Flaminia incident with help from insurance proceeds
First tanker loads crude in from expanded Canadian oil pipeline Ship tracking data shows tanker chartered by Canadian oil producer Suncor is loading at Burnaby port
Stronger for longer: Zim bullish on boxes as it turns around loss Israeli line expects uptick in demand and continued rerouting to boost earnings further this year
Seamax hives off container ship trio as secondhand values rise More deals emerge as prices of some neopanamax boxships surge by 25% since December
Shipowner Navigazione Montanari orders first newbuildings since global financial crisis Italian owner orders two MR1 tankers in China
Football superstar Erling Haaland buys into shipping lender M&M Bank Manchester City goal machine teams up with former pro father for new investment
Lomar tech fund backs start-up converting captured carbon to salt Shipowner says Calcarea's process mimics the earth's response to volcanic eruptions
Norden tied to second bulker swoop on newcastlemax in quick succession Owner-operator ultimately wants to build a capesize fleet of up to 25 vessels
Eight-ship deal marks first methanol-fuel ultramax bulker newbuilding order in China Cyprus company signs milestone contract at CSSC Huangpu Wenchong Shipbuilding
Norden tied to second newcastlemax bulker swoop in quick succession Owner-operator ultimately wants to build a capesize fleet of up to 25 vessels
Bahri VLCC fixtures show shift in Saudi Arabian crude flows away from Houthi hotspot Kpler identifies change in domestic voyages as Aramco brings in crude from Yanbu
Howe Robinson's Debbie Turner hands over LNG team reins to James Huw Smith Changing of the guard as a well-known face in sector moves to new Devon 'office'
Tufton bulker in collision with tanker in busy Argentine river Damage to both vessels reported after incident near Rosario
Russian ship master and two officers arrested after collision with fishing boat Icelandic police investigating whether Longship's Longdawn abandoned a man at sea
Exmar racks up €40m for newbuilding programme with subsidiary sale Deal with compatriot Bekaert picks up tab for roughly half of dual-fuel newbuilding
TotalEnergies supply deal sparks tenders for tanker cargoes from giant refinery in Nigeria Huge new Dangote plant ramping up oil buying in first year of operation
Eight-ship deal marks first methanol fuel ultramax bulk carrier newbuilding order in China The Cyprus company inked contract at CSSC Huangpu Wenchong Shipbuilding
UK naval officer fined for covering up near-miss with tanker Euan Playford-Johnston left bridge of minesweeper to untrained colleague, military court hears
CSSC Leasing agrees sale-and-leaseback deal with new Vietnamese owner Seller agrees to take the vessels back on medium-term charters
Sanctioned Sovcomflot suezmax heads to Asia as others wait A successful voyage for the SCF Primorye could encourage state shipowner to load more vessels
Singapore's Smart Ship Hub wins 'significant investment' from Japanese equipment giant Nakakita Cash injection comes ahead of optimisation platform's Series A funding round
Maersk airline prepares to deploy first 777 freighters for peak season Maersk is pursuing its air cargo ambitions with a new freight station in Miami and its first two Boeing 777 freighters.
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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