Candela to bring America's first flying e-ferry to Lake Tahoe After putting the world's first foiling e-ferry to enter public service into operation in Stockholm, Candela and local partner FlyTahoe are planning to introduce the first U.S.-based Candela P-12 on Lake Tahoe.
MAIB reports on fatal mooring line recoil incident The U.K. Marine Accident Investigation Branch (MAIB) has released its report into an August 2021 incident in which a bulker's second officer (2/O) who was looking over the side of the vessel
CSL OWL SRI orders two subsea rock installers CSL OWL Subsea Rock Installation (CSL OWL SRI) a newly formed partnership between Canada's CSL Group and Rotterdam-headquartered Offshore Wind Logistics reports that it has ordered two subsea rock installation vessels. tailored
Baltic Dry Index still down 10% despite recovery in capesize demand In this week's "Shipping Number of the Week" from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the November recovery of the Baltic Dry Index (BDI). The capesize market has benefited from an increase in shipments so far in November but the index is still down 10% y/y. "The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is
Assessing INSTC's stability and East-West Transport Corridor's role in Eurasian trade The International North-South Transport Corridor (INSTC) and the East-West Transport Corridor serve as critical components of the Eurasian transport network, linking major economic regions across continents through a multimodal (ship-rail-road) network. As these two projects constitute a serious topic during BRICS summits, Container News managed to assess the operational performance by measuring
Global bunker indices exhibit irregular fluctuations During the 47th week of the year, the Marine Bunker Exchange (MABUX) global indices showed no consistent trend, fluctuating irregularly. The 380 HSFO index dropped by US$2.13 to US$518.49/MT, the VLSFO index declined by US$1.26 to US$597.00/MT, dipping below the US$600 mark, while, on the other hand, the MGO index saw an increase of US$3.90 to US$761.64/MT. The MABUX Global Scrubber Spread (SS),
Maersk unveils women-operated warehouse facility in India A.P. Moller - Maersk has transformed one of its warehouses at the Container Freight Station (CFS) in Ponneri, Chennai, into a women-operated facility. This initiative marks a significant milestone in Maersk's dedication to diversity and inclusion, advancing India's goal of promoting equal employment opportunities for women, particularly in traditionally male-dominated industries. The approximatel
Hutchison Ports in Geopolitical Hotspots Hutchison Ports operates a significant number of port facilities in the Middle East and South Asia, regions pivotal not only for their economic activities but also for their geopolitical importance, particularly given their proximity to critical maritime chokepoints like the Strait of Hormuz, the Red Sea, and the South China Sea. This content is locked Select a CN Premium Subscription Package To
Crane operator dies as vehicle topples in Wan Hai's Kaohsiung terminal In a freak accident in Wan Hai Lines' terminal in Taiwan's Kaohsiung port, a crane operator was killed on 20 November after the vehicle rolled over. The crane was involved in refurbishment works around wharf 81, which is in Terminal 5. Wan Hai is spending US$253 million on sprucing up the facility after taking over the terminal lease from Evergreen Marine Corporation, which has shifted its operat
Duvenbeck Group acquires German logistics provider Duvenbeck Group is strengthening its presence and operational capabilities in northern Germany by acquiring Sander Logistics Group. With locations in Hamburg, Itzehoe, Rostock, Halle, and Moosburg, Sander will enhance Duvenbeck's existing network and provide improved access to key markets in northern and eastern Germany. "The acquisition of Sander represents a logical and consistent implementatio
DP World and SailGP forge global partnership for smart logistics innovation DP World and SailGP have unveiled a new global logistics partnership in which DP World will manage the transportation and delivery of the global racing championship's annual events. Leveraging its extensive network of 115,000 employees across 78 countries, DP World will provide end-to-end logistics solutions for SailGP, spanning five continents. The company will oversee sea freight, courier servi
Strategic stockpiles and peripheral ports in Chinese trade mindset Strategic inventories have a profound impact on the shipping sector by influencing operations, logistics planning, and even the configuration of global shipping routes. As Container News reported, Peter Sand, chief analyst at Xeneta, highlighted Mexico, Latin America, and the Middle East as critical markets for China's exports, pointing out that Chinese producers have been amassing "strategic sto
Maersk applies peak season surcharge from East China to Cambodia Danish box line Maersk will implement a peak season surcharge (PSS) for both dry and reefer containers originating from East China ports and destined for Cambodia's port of Sihanoukville. The following tariff levels will take effect on 6 December. Origin Destination Effective Dates Container Type Currency New tariff levels Shanghai, Ningbo, Xiamen, Fuzhou and Yangtze area Sihanoukville 6 December
Arkas Bunker supplies biofuel to Yang Ming boxship Arkas Bunker has supplied its eco-friendly biofuel, Bio24F, to the vessel YM Inventive, operated by Yang Ming Marine Transport Corporation. This marks Arkas Bunker's first biofuel delivery to a ship owner other than Arkas Line. Renowned for providing sustainable biofuels that significantly reduce carbon emissions, Arkas Bunker extended its services to Yang Ming following its successful delivery o
ZIM's financial recovery continues with strong Q3 results Israeli ocean carrier ZIM has announced a net income of US$1.13 billion in the third quarter of 2024, while the company reported a US$2.27 billion loss in the same period last year. Similarly, ZIM achieved EBITDA of US$1.53 billion in the third quarter, representing a year-over-year increase of 626% and operating income (EBIT) of US$1.23 billion, compared to an operating loss of US$2.28 billion i
AD Ports and Egypt to develop industrial zone in East Port Said AD Ports Group announced the signing of a framework agreement with the Egyptian government to explore the Build-Operate-Transfer (BOT) process of an economic zone in East Port Said. The signing ceremony took place at the Egyptian Cabinet headquarters in the New Administrative Capital, Cairo, attended by Dr. Mostafa Madbouly, Egypt's Prime Minister; Dr. Sultan Al Jaber, UAE Minister of Industry an
Port of Los Angeles surpasses 900,000 TEU mark again The Port of Los Angeles achieved a record-breaking milestone in October, handling 905,026 TEUs, representing a 25% increase over the same month in 2023. This marks the first time the Californian port has surpassed 900,000 TEUs for four consecutive months. For the first ten months of the year, the Port of Los Angeles has moved 8,491,420 TEUs, reflecting a 19% increase over the same period in 2023.
Global container throughput to approach 1 billion TEUs as BRICS gains pace against the West 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 .
Wallenius Wilhelmsen snaps up chartered-in car carrier Norwegian car carrier operator Wallenius Wilhelmsen has acquired another Japanese chartered-in vessel. The Oslo-listed company said it has taken the 6,500 ceu 2009 Imabari-built Morning Celine following the completion of a long-term charter. Records show the vessel had been on charter with the group's 80%-owned subsidiary Eukor from Japan's Hakuyo Kaiun since November 2009. No ...
Solstad clinches subsea construction vessel deal Norwegian vessel owner Solstad Offshore has revealed a new contract with an undisclosed client for the subsea construction vessel Normand Maximus. The contract has a firm term of one year that will keep the 2016-built unit fully committed to December 2026. The Normand Maximus is the largest ship in Solstad's fleet. It was acquired by ...
Rem Offshore and DeepOcean land Equinor contract for IMR newbuild Norwegian offshore vessel player Rem Offshore has sealed a charter deal with subsea services provider DeepOcean, backed by the largest contract to date for both companies with compatriot energy major Equinor. The 'record-breaking' eight-year firm deal will see a methanol dual-fuel and battery hybrid inspection, maintenance, and repair (IMR) vessel built at fellow yard Myklebust ...
SeaQ wins this year's Captain's Table SeaQ, a safety data collection tool created by PsyFyi, was crowned this year's winner at the Splash-televised finals of the maritime pitch competition, The Captain's Table, in one of the top events at the ongoing Hong Kong Maritime Week. SeaQ is a data collection and reporting tool complied anonymously by seafarers and reported back to ...
IMS pockets tidy profit from sale of vintage MR tanker Tanker sales have been thin on the ground this month. One sale stands out in Greece, sealed in the popular MR segment. Greek tanker owner IMS has sold its second tanker in a row, almost doubling its money by selling the 2004-built, 47,000 dwt Bruno for $17m. The Marios Gialozoglou-led company paid $9m for the ...
Gautam Adani indicted in the US Indian billionaire Gautam Adani, alongside seven other executives, has been indicted in the US for alleged crimes related to bribes promised to Indian government officials to secure solar energy supply contracts. US justice department officials said the chairman of the Adani Group and India's largest private port operator APSEZ, his nephew Sagar Adani, and several ...
Liner shipping firmly on track for its most profitable year outside the covid era Liner shipping is firmly on track for its most profitable year outside the covid era. The container shipping industry had total net income of $26.8bn in the third quarter, a sharp 164% increase sequentially from the $10.2bn earnings reported in Q2, according to data compiled by John McCown-led Blue Alpha Capital. Compared to last year's ...
Vard secures five-vessel order for the oil and gas sector Fincantieri-controlled Norwegian shipbuilder Vard has signed a contract for the design and construction of five walk-to-work vessels with an undisclosed international customer. The five walk-to-work vessels will provide maintenance, supply, and operational services to offshore platforms in the oil and gas sector. They are of the VARD 3 32 design which is based on the ...
HEBO revealed as buyer of Allseas oldtimer pipelay barge Dutch maritime heavylifter HEBO has been revealed as the buyer of the Allseas' 48-year-old shallow water pipelay barge Tog Mor. Splash reported earlier this week that the Swiss-based marine construction specialist sold the pipelay barge for repurposing. Allseas had the barge for more than 20 years and before its stint with the firm, the 1976-built ...
Aramco suspends Borr and Shelf jackups for up to one year Offshore drillers Borr Drilling and Shelf Drilling have each received a notice of temporary suspension of operations for one jackup rig from Saudi giant Aramco. Borr Drilling received a notice for its Arabia II jackup. The rig has been employed by the Saudi firm since October 2022 and was set to end its deal in ...
Navigator boosts ethylene carrier orderbook New York-listed Navigator Holdings has bolstered its orderbook for liquefied ethylene gas carriers with two additional 48,500 cu m newbuilds. The world's top player in the handysize LPG carrier segment has exercised an option at Jiangnan Shipyard in China at about $102.9m per ship, for delivery in November 2027 and January 2028. The vessels will ...
Sapura Energy wins pan-Malaysia offshore service deal Malaysian offshore services provider Sapura Energy has won a contract from Petronas Carigali for the provision of pan-Malaysia services. The work scope under the contract includes offshore maintenance, construction, modification, and hook-up and commissioning services. According to a Bursa Malaysia filing, the work - awarded to the company's wholly owned subsidiary Sapura Fabrication - will be ...
Euroseas orders boxship brace in China Greek boxship owner Euroseas is expanding its fleet with a pair of 4,300 teu newbuilds in China. The Nasdaq-listed firm has contracted Jiangsu Yangzi Xinfu Shipbuilding for the project, costing about $120m. Aristides Pittas-led Euroseas said in its quarterly earnings report the ships would be delivered in the fourth quarter of 2027, adding to a ...
Unions in Canada resume port fight There is a threat of further port strikes in Canada as unions take their battle to a tribunal. Canada's labour minister, Steven Mackinnon, intervened nine days ago to end lockouts of workers at the country's two biggest ports. Mackinnon directed the Canada Industrial Relations Board to order the resumption of all operations at the ports ...
Manzanillo set for huge transformation in bid to become Latin America's largest boxport Mexico's port of Manzanillo will go through a massive $3.15bn expansion through to 2030, making it the largest port in Latin America, nearly tripling container capacity to 10m teu. President Claudia Sheinbaum will tour the site on Saturday to launch construction. Splash has reported repeatedly this year on the remarkable growth in container calls from ...
Dutch yard wins contract for four newbuilds Dutch shipbuilder Thecla Bodewes Shipyards has won a contract from Navigare Shipping, a family-owned shipping company from the Faroe Islands, for four general cargo ships. The GADUS 5600, designed by Thecla Bodewes Shipyards, features diesel-electric propulsion. The ships will have the same dimensions as the largest ships in the fleet of Navigare Shipping today but ...
An aria of evasion: leaked papers sing sanction-skirting song of Sea Opera The paper trail behind a ship-to-ship transfer of Iran-origin LPG shows how shippers, owners and agents orchestrate the movement of...
Shipping energy transition hindered by missing links in green fuel supply chain Hong Kong forum panel says shipping's low-carbon efforts face hurdles from insufficient alternative fuel supplies and inadequate bunkering infrastructure
Star Bulk sees mixed news for shipping in second coming of Trump 'Trump effect' could be positive if it stops Ukraine conflict but negative - for the shipping market - if the...
Ukraine's maritime trade forced offline by Russian aggression All November arrivals to Ukraine's greater Odesa ports were dark port calls
Seafarers' mental health: a call for awareness and action On board attention and first aid for mental health should be provided
Tech leaders partner with HD Hyundai to create production platform The integrated platform to be created in 2028 is part of the shipyard's 'Future of Shipyard' project, which aims to...
BDI down 10% despite November rally Iron ore exports from Brazil to China continue to be strong, hitting highs not seen since 2021, which could continue...
HSBC raises estimates for Maersk on hopes of more cargo front-loading HSBC lifted its estimates for Maersk, arguing near-term freight rates may not fall victim to growing supply growth as the...
Shipping pays tribute to industry ally John Prescott The former deputy prime minister played a key role in introducing the UK's tonnage tax system. Often pugnacious, he was...
Are nuclear-powered ships closer than ever? So-called advanced nuclear technology has many in shipping excited that a truly zero-emissions fuel could be within the industry's grasp...
Fake origin certificates disguising Russian oil, OFSI warns The UK Treasury's sanctions office is advising how to spot fake certificates of origin after finding Russian oil shipments disguised...
HD Hyundai Heavy finally ends wage and bargaining negotiations For the third year in a row, the shipbuilder has succeeded in concluding negotiations within the year, as it seeks...
Sanctions cast shadows on shipping but opportunities remain in Hong Kong Hong Kong faces competition from regional counterparts but still maintains advantages as a gateway to China and a rich talent...
Gautam Adani indicted on $250m fraud charges in US Adani has been charged with conspiracy to commit securities and wire fraud as part of an alleged bribery scheme to...
Euroseas orders 4,200 teu pair amid market confidence Owner points to healthy dynamics in smaller sizes of containership where orderbook remains 'modest'
The Daily View: A more uncertain world Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing BankServe warned against Nordic Plan after payout refusal on Galaxy Leader | Unwinding timetable for Russia's dark fleet uncertain even...
US LTL carriers laying groundwork for higher pricing in 2025 General rate increases ranging from 4.9% to 7.9% are setting expectations for higher contract pricing as less-than-truckload carriers attempt to recoup the costs of network expansion.
Intermodal shippers still feeling ripple effects from Florida hurricanes While some shippers say they are still facing a measure of disruption, CSX says it has recovered following a rough patch in keeping cargo flowing through central Florida after hurricanes Helene and Milton battered the state.
Intermodal shippers say still feeling ripple effects from Florida hurricanes While some shippers say they are still facing a measure of disruption, CSX says it has recovered after a rough patch in keeping cargo flowing through central Florida after hurricanes Helene and Milton battered the state.
Global ocean volume in Q3 beat pandemic record: Blue Alpha Capital Frontloading and Red Sea diversions pushed volume and rates higher in the third quarter, and ongoing geopolitical disruption will allow carriers to extend their robust financial health into next year, according to the founder of the global equity firm.
Lack of consolidation driving freight visibility differentiation, competition A dearth of consolidation means there are still plenty of visibility vendors for shippers to choose from, but it also means the market as a whole is on somewhat unsteady ground.
US importers dabbling in frontloading ahead of new tariff threat While there is some frontloading of US imports from China to get ahead of expected tariffs in the coming Trump administration, most cargo owners appear to be holding their fire, writes Journal of Commerce Executive Editor Mark Szakonyi.
US leaves no major Russian bank unsanctioned in finance clampdown Sanctions target third largest bank in the country, which has been involved in ship finance and shipbuilding
India pushes for P&I club as it builds a shield for international sanctions Feasibility study latest step in Indian insurance plan to avoid restrictions under the sanctions regime
That rosy dry bulk 'supply' story? It's a pink flamingo, says Radziwill CTM and GoodBulk principal sketches a thesis that could see him grabbing some bulkers soon
Lois Zabrocky-led Seaways to launch first female cadet programme Tanker CEO shares career highlights with Scorpio's Robert Bugbee
Greece's EuroDry is latest owner to join ultramax newbuilding rush Athens company signs for two 63,500-dwt bulkers in China
CoolCo says LNG dark fleet yet to reach material level as spot market struggles with 'indigestion' CEO Richard Tyrrell discusses the growth of Russian trading gas carriers and the record-low freight market
From London to Lone Star State: How an English banker fell in love with the 'antique oil brigade' This week's Streetwise examines the career of Andy Longhurst and what Beal Bank may do under Trump
Dorthe Bendtsen steps up to run bunker trader KPI OceanConnect Danish group appoints interim boss ahead of search for successor to Anders Gronborg
Two more tankers off the sales list as Neste denies double product carrier disposal Oil company contradicts broker reports concerning two small clean carriers
New record-low LNG carrier spot rates raise the spectre of long-term lay-ups, brokers say Earnings under pressure as competition hots up for Atlantic stems
Kjell Inge Rokke's Solstad Offshore secures contract for its largest ship Previously problematic vessel now booked until the end of 2026
New record low LNG carrier spot rates raise the spectre for long-term lay-ups, brokers say Earnings under pressure as competition hots up for Atlantic stems
Oldendorff succession plan revealed: Shipowner's daughters take stakes in German giant Next generation of Oldendorff will be passive shareholders initially
Golden Ocean shares slump as Pareto cuts stock and panamax forecasts Shares fall 8% on Oslo Stock Exchange
State oil giant Sonangol tables $1.2bn tankers and LNG carrier newbuilding enquiry State energy giant could firm up suezmaxes before the end of the year, with LNG carriers to follow
Shipping and ports billionaire Gautam Adani charged with fraud in US Adani Group owner facing accusations of bribery relating to renewable-energy subsidiary
Eletson leaders jostle for control after conflicting US and Greek court rulings Tanker owner's incumbent officers claim US process lacks Greek and Liberian court authority
Navigator adds to order book with $205m ethylene carrier play London-based owner doubles Jiangnan Shipyard deal to four new vessels
War risk and energy expansion on cards for P&I heavyweight NorthStandard Second-largest protection and indemnity club is looking to build its non-P&I business over the next five years
DNB partners with non-profit HUB Ocean to strengthen shipping sustainability drive Collaboration will help DNB's clients to lead in transition to more responsible ocean economy
Navigator adds to orderbook with $205m ethylene carrier play London-based owner doubles Jiangnan Shipyard deal to four new vessels
Hunter in the red as winter tanker market held down by dark fleet's growing share of Chinese oil trade Norwegian VLCC charterer sees positive signs in loss-making quarter
John Fredriksen's SFL upgraded to 'buy' at Fearnleys with $4.7bn backlog to power profit Analyst also lowers share price target to $13
Rem Offshore signs 'record-breaking' charter with Equinor for methanol-fuelled newbuilding Inspection, maintenance and repair deal also involves subsea operator DeepOcean
Subsea 7 expecting to close out 2024 strong and an even better 2025 Norwegian offshore player's bottom line jumps to $98m
Covid training and Red Sea crisis spark spike in shipping accidents NorthStandard fears exhausted crew members are making more mistakes
New Eletson Holdings CEO works with Toronto hedge fund backed by rescue finance specialist Ultrapetrol and Ravenscroft veteran Len Hoskinson is also part of new three-man board
NorthStandard warns of pressure on seafarers as large claims spike Covid-19 training problems, Red Sea re-routing and crew shortages adding to crew burden
Shiptech newsletter: Methanol conversions, bankruptcies, sell-offs and too much risk appetite for cyber attacks A collation of some of the latest technology developments across the shipping and maritime sectors
Navigare Shipping kicks off major fleet renewal with four-ship newbuilding order Faroe Islands owner inks newbuilding contract in the Netherlands
Former Shell lifer turned Bunker Holding executive reveals green growth plans with French style New division chief Valerie Ahrens outlines her strategy to grow the company's offering
CoolCo boosts firepower with bank approval for $570m refinancing Sees winter market to be impacted by unfavourable short-term trading and delivery of new vessels
Bulker player Yangpu Zhongxin breaks into tanker sector with order for two MRs Chinese shipbuilder makes its debut in segment
Vancouver airport clears damaged Amazon Air cargo jet from runway area Recovery efforts for an Amazon Air freighter at Vancouver airport in Canada are underway.
Canada container ports face backlogs, delays There are some delays as Canada's top import gateways work off backlogs of containers from labor-related shutdowns.
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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