ABS partners with KRISO to advance the SMR nuclear option Continuing its work on commercial nuclear propulsion, ABS is working with the Korea Research Institute of Ships and Ocean Engineering (KRISO) to advance commercial small modular reactor (SMR) powered ships and floating
VIDEO: Two tankers on fire after collision Singapore and Malaysian authorities were responding this morning after two tankers were on fire following a collision that, the South China Morning Post said, spotlights the perils of dark fleet ships operating
Global IT outage disrupts operations at European box terminals A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several European container terminals, including Poland's Baltic Hub, UK's port of Felixstowe and the Dutch port of Rotterdam. Baltic Hub informed that on the morning of July 19, the terminal was affected by difficulties caused by an operating systems failure. "Th
Houthis fire projectiles at CMA CGM-operated ship The Houthis have attacked a container vessel operated by French shipping company CMA CGM. The Maritime and Port Authority of Singapore (MPA) said that it was informed around 10.30am local time today (19 July) that the 2001-built Singapore-flagged 2,078 TEU Lobivia was struck by unidentified projectiles while transiting the Gulf of Aden. The resulting fire onboard was extinguished by the 24-man cr
Construction works commence at Long Beach Pier B On-Dock Rail Support Facility U.S. Secretary of Transportation Pete Buttigieg and officials from across the United States attended a groundbreaking ceremony for "America's Green Gateway," the Pier B On-Dock Rail Support Facility, a US$1.567 billion project, which will double the footprint of the existing rail yard from 331,000m² to 692,000m². Pier B will be built in phases, each enhancing cargo movement, with construction sch
CMA CGM announces new Africa peak season surcharges French ocean carrier CMA CGM has announced new peak season surcharges to Africa, effective from 1 August. The Marseille-based box line will apply a new PSS of €400/US$400/GB£300 per reefer container from North Europe, including Baltic, Scandinavia, UK, West Mediterranean, East Mediterranean, Adriatic, Morocco, North Africa and Black Sea, to West Africa. Additionally, CMA CGM will implement a PSS
Updated: Two tankers on fire in Singapore after collision Fire broke out after two tankers collided in Singapore waters today (19 July). The Maritime and Port Authority of Singapore (MPA) said that at 6.15am local time, distress calls were received from the crew on the Hafnia Mile, a 2017-built 74,189 dwt products tanker and the Ceres I, a 2001-built very large crude carrier. At the time, the tankers were 55 nautical miles northeast of Pedra Branca on S
MSC commences inaugural flight from Milan to Hong Kong MSC Air Cargo has announced the launch of its first commercial flight from Italy's Milan Malpensa Airport (MXP) to Hong Kong International Airport (HKG). The route Malpensa - Hong Kong - Malpensa will be operated twice a week. "The occasion marks the beginning of a new era in airfreight logistics as MSC Air Cargo expands its network and capabilities with the delivery of its fifth MSC-branded airc
Evergreen vessel marks draft-record in Zeebrugge Evergreen's container vessel Ever Greet successfully docked in the West Flanders port in Zeebrugge, Belgium on 17 July. Below the water level, the boxship of 399.98 meters long and 58.80 meters wide had a draft of 16.3 meters, which is 10 centimeters deeper than the previous record. Ever Greet docked after a long journey from Sri Lanka and had 17,989 TEU onboard. The extra centimeters of draft al
India launches maritime centre India's Ministry of Ports, Shipping, and Waterways (MoPSW) is establishing the India Maritime Centre (IMC), a significant initiative under the Maritime India Vision 2030. In this line, recently a meeting was chaired by the Shri TK Ramachandran, Secretary, MoPSW in the presence of the Additional Secretary and Joint Secretary of Sagarmala, along with representatives from key maritime associations s
Maersk applies new PSS from Tunisia to West Africa Maersk is introducing a Peak Season Surcharge (PSS) for all dry containers from Tunisia to West Africa destinations effective from 2 August. The Peak Season Surcharge levels are as follows: Origin Destination Container Type Currency New tariff levels Charge Basis Tunisia West Africa except Cameroon and Dem. Rep. of Congo All Dry Containers US$ 150 Per DRY Container (1) Tunisia West Africa Dem. Re
Dragados and Siemens Energy win $3bn offshore grid connection contract Spain's Dragados Offshore in consortium with Germany's Siemens Energy has won a deal to construct a new converter system for the LanWin3 offshore grid connection project in the German North Sea. It was awarded by transmission system operator 50Hertz and the EPCI contract includes all engineering services, the procurement of the necessary components as well ...
Tenaz Energy buys NAM Offshore from Shell-Exxon Dutch JV for $180m Canada's Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij, a joint venture between Shell and ExxonMobil, to acquire its offshore arm for €165m ($180m). The acquisition of NAM Offshore will have an effective date of January 1, 2024, and is expected to close in mid-2025. NAM Offshore is expected to produce nearly ...
MOL invests in next-gen engine technology startup Japanese shipowner Mitsui OSK Lines (MOL) has invested in a startup company Carnot that develops technology for highly efficient engines using heat-resistant materials. Steel and aluminium engines require constant cooling to prevent them from overheating, which reduces performance and increases the risk of engine failure. Cooling could consume around 30% of an engine's combustion energy. ...
DOF awarded several new contracts in Brazil Norwegian offshore vessel owner DOF has won multiple contracts in Brazil. DOF-managed AHTS vessels Skandi Jupiter and Skandi Mercury, have been contracted by Petrobras to operate as AHTS 230t BP after the same competitive tender process earlier this year that led to the contract of Skandi Amazonas, Skandi Rio and Skandi Botafogo. Both units are ...
Asiatic Lloyd boxship struck by the Houthis A Singapore-flagged boxship belonging to Asiatic Lloyd became the latest victim of the Houthi campaign against merchant shipping today. The 23-year-old, 2,078 teu Lobivia was struck by a number of projectiles 83 nautical miles southeast of Aden early this morning, according to UK maritime security consultancy Vanguard. The ship suffered damage to its port side ...
Work starts on giant Long Beach rail project US transportation secretary Pete Buttigieg visited the port of Long Beach on Thursday to break ground on a $1.5bn railyard expansion project that will more than triple the volume of rail cargo the port can handle annually. The project, which will be completed by 2032, will link the port to 30 major rail hubs around ...
IMO takes steps to be more transparent The International Maritime Organization (IMO) Council has decided to livestream its plenary meetings and make its documents accessible to the public, in a bid to boost transparency at a United Nations body that has received plenty of criticism over the years for its behind closed doors attitude. The council is the executive organ of IMO ...
Diamond Offshore wins $89m drillship deal in Gulf of Mexico Houston-based Diamond Offshore has entered a drilling contract with Beacon Offshore Energy for one of its drillships for work in the US Gulf of Mexico. The drillship Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of $89m, excluding mobilization and any other additional services. The contract ...
TechnipFMC lands large subsea deal offshore Israel Offshore contracting giant TechnipFMC has landed a large deal for integrated engineering, procurement, construction and installation (iEPCI) work for Energean's Katlan development in the Mediterranean Sea offshore Israel. The contract worth between $500m and $1bn follows an integrated front-end engineering and design study that TechnipFMC carried out to optimise the commercial and technological s
Noble Corp to delist from Nasdaq Copenhagen Offshore driller Noble Corporation has decided to voluntarily delist from Nasdaq Copenhagen and only be listed on the New York Stock Exchange (NYSE). Noble said that the trading volume of its share entitlements on Nasdaq no longer justifies the expense and administrative requirements associated with maintaining this dual listing. Noble anticipates the delisting to be effective in ...
China and Russia form Arctic express route China and Russia have launched the Arctic Express No 1 rail-sea cargo service. NewNew Shipping and Rosatom are running the service which sees cargo moved by rail from Moscow to the Russian port of Arkhangelsk from where it is then shipped across the Arctic and North Pacific oceans to ports in China. The 13,200 km ...
India Maritime Centre launches India's Ministry of Ports, Shipping, and Waterways is launching the India Maritime Centre (IMC), a cornerstone initiative under the Maritime India Vision 2030 of the Narendra Modi administration. The IMC aims to provide a unified platform for the Indian maritime industry, acting as a think tank for policy formulation and industry recommendations. Its primary goals ...
Ukraine grain exports leap in the year since shipping deal with Russia expired In the year since the United Nations-brokered Black Sea Grain Initiative fell apart, Ukraine has performed remarkably well in securing seaborne exports. New data from Greek shipping platform Signal (see chart below) shows how Ukraine has managed to increase grain exports in the 12 months since the shipping deal it had in place with its ...
Weak demand, oversupply leave US truckload providers cautious about H2 Carriers such as J.B. Hunt Transport Services are pressing shippers for more detailed forecasts as they look to realign capacity and demand.
Q2 Asian import growth shines light on frontloading by US retailers The threat of labor unrest and the increased transit times and costlier voyages on all-water services to the East and Gulf coasts are diverting some discretionary cargo to the West Coast.
Milan-Hong Kong route joins growing MSC Air Cargo network The air freight division of ocean carrier MSC now has a fleet of five branded Boeing 777 freighters that the carrier has deployed across major routes.
Winners and losers emerging as market settles into long-term Red Sea crisis The present situation provides a strong competitive advantage for Asian regional carriers who can transit both the Gulf of Aden and the southern Red Sea without being attacked, writes analyst Lars Jensen.
Houston gets USDA approval to handle cold-treated produce cargoes The certification that Houston can handle cargoes treated for pests while in transit means more fresh produce such as grapes and berries can move quickly through the port.
'Major fire' erupts on brand new Maersk-chartered container ship off India Indian Coast Guard responds to incident on Japanese-owned vessel
Here are the ports and shipping companies impacted by the global CrowdStrike software outage Maersk and port facilities in Poland, the US and UK are among terminals affected by IT bug
Tufton Oceanic eyes new investment after handysize sales Company has up to $25m of investible cash to spend, sees potential in containers
Wavelength Podcast: Tanker fire disaster latest, refuting Houthi Med attack claims, strike risks in US and WISTA at 50 Updates from Singapore after VLCC and LR1 tanker collide and explode
Houthis hit and damage ship that saved crew of first vessel sunk in Red Sea onslaught The Lobivia was struck in Gulf of Aden, but made it to port for repairs with no reported injuries
Wreck removals lift 2023 salvage income after historic low International Salvage Union says the decline of Lloyd's Open Form contracts is disappointing
Fire-hit VLCC has ties to dark fleet, sanctioned crude and a false flag The company behind Friday's collision-stricken VLCC has dark fleet connections
'Hungry' Braemar broking trio takes charge of key tanker business James Gundy says the insiders will offer fresh and forward-thinking leadership
Fresh walkouts at Oldendorff Carriers as staff head for mystery Peter Twiss venture Talk has now turned to which Greek owner is backing the new platform
Oil spotted in water near scene of tanker collision Norwegian insurer says it is yet to make contact with cover provider of Ceres I tanker
Saverys tipped to offload tanker tonnage as Fearnleys downgrades CMB.Tech Broker sees further divestments of crude tonnage
Ship hit by missiles in Gulf of Aden as oil spill spotted in Red Sea Latest incidents show Houthi activity unabated and effective off Yemen
Takeovers and tragedy: How new OSG owner built a multibillion-dollar shipping empire Takeover is expected to give OSG access to investment with move into private conglomerate
Danish Ship Finance targets top-tier shipowners to grow $5bn loan portfolio CEO says shipowners should be careful about borrowing from banks without experience of shipping cycles
Ship hit by 'projectiles' in Gulf of Aden as oil spill spotted in Red Sea Latest incidents show Houthi activity unabated and effective off Yemen
Maersk to help Bahrain create new ship recycling facility Bahrain, Maersk, ASRY and local steel maker sign MoU
Columbia Group product tanker pool shuts doors after 21 years as demand evaporates German player reaches the end of the road, citing falling interest by clients to put their product tankers into pools
Danske Bank shipping book slips back in second quarter Gross credit exposure to sector stood at $3.25bn
Pareto Bank sees growth in shipping and offshore segments as loan book boosted Lender's shipping and offshore loan book grew to $167m
'Light and blast': ship hit by projectiles in Gulf of Aden as oil spill spotted in Red Sea Latest incidents show Houthi activity unabated and effective off Yemen
Hafnia LR1 tanker and Chinese VLCC ablaze after South China Sea collision Crew rescue efforts underway, says Hafnia
Ship hit by projectiles in Gulf of Aden as oil spill spotted in the Red Sea Latest incidents show Houthi activity unabated and effective off Yemen
South African port player seals $1bn loan from African Development Bank Funds to go towards Transnet's five-year capital investment plan
Resolve Marine leading Ultra Galaxy salvage effort off South Africa Country's maritime regulator says the removal of the grounded ship's fuel oil is expected to begin by the weekend
Global IT outage slows air cargo shipments Passenger and cargo airlines are coping with a computer crash, which has disrupted many airfreight shipments.
Business as usual at many of nation's ports despite global tech outage A massive technology outage Friday morning caused widespread disruptions across industries around the globe, but it's mostly business as usual at America's ports.
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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