Wind-assisted ship propulsion nears tipping point for rapid adoption The application of wind-assisted propulsion systems (WAPS) across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, but the lack of standardization for verifying fuel
First commercial seaweed farm to launch in North Sea wind farm This fall, the world's first commercial seaweed farm will open within the Hollandse Kust Zuid (HKZ) wind farm, located approximately 18 kilometers off the coast between The Hague and Zandvoort in the
ICTSI upgrades Visayas Container Terminal Visayas Container Terminal (VCT), operated by International Container Terminal Services, Inc. (ICTSI), in Iloilo, Philippines, has undergone substantial upgrades over the past six months in anticipation of two new mobile harbour cranes (MHC). Following a 25-year concession awarded by the Philippine Ports Authority (PPA) in April, ICTSI has rapidly advanced facility improvements, IT system upgrade
US economic changes see Mexico ramp up capacity Mexican port operators are gearing up for growth as a new US tariff regime could be in place and the effects of the US, Mexico, Canada Agreement (USMCA) drive manufacturing into tax free ones. West Coast ports could see challenges from their southern neighbours as the evolving tariff regime becomes more apparent, following the 2020 transition from the North American Free Trade Agreement to the US
Maersk and Mawani open Middle East's largest logistics park A.P. Moller - Maersk (Maersk) and Saudi Arabia's General Ports Authority, 'Mawani,' announced the launch of Maersk's largest Logistics Park in the Middle East at Jeddah Islamic Port. The 225,000-square-meter facility, backed by a US$250 million investment, stands as the largest single-site Logistics & Services hub in the Middle East. The inauguration ceremony was attended by Engineer Saleh bin Na
Port of Melbourne reports July throughput surge to 282,000 TEUs In July 2024, the Port of Melbourne reported a rise in total container throughput compared to July 2023, reaching 282,000 TEU. Full container imports (excluding Bass Strait) saw a 2.8% increase, with higher volumes of furniture, domestic appliances, and clothing compared to the previous year. Similarly, full container exports (excluding Bass Strait) also experienced a 14.1% growth, with timber, h
SC Ports handles over 224,000 TEUs in July South Carolina Ports is experiencing significant cargo growth due to highly efficient port operations and a strategic location in the dynamic Southeast region. In July, SC Ports saw an 8% increase in container volumes compared to the previous year, driven by the onset of peak season and a growing regional population, which boosted loaded imports by 6%. "The South Carolina market is ripe for compa
NYK secures deal for green ammonia transport from India to Japan On 20 August, NYK signed a preliminary agreement for the marine transport of green ammonia to Japan, in partnership with Kyushu Electric Power Company, Incorporated ("Kyushu Electric"), Sojitz Corporation ("Sojitz"), and Sembcorp Green Hydrogen ("Sembcorp"), a subsidiary of the major Asian energy firm Sembcorp Industries, a leading energy company in Asia engaged in a project to produce green ammo
Global bunker indices continue modest decline In Week 34, MABUX global bunker indices continued their moderate decline. The 380 HSFO index dropped by US$6.69 to US$523.21/MT. The VLSFO index fell by US$13.16 to US$618.36/MT. The MGO index decreased by US$20.90 to US$787.04/MT, falling below the US$800 mark again. "At the time of writing, there was no sustainable dynamics in bunker indices movements in the global bunker market," stated a MABU
What Makes Metal Storage Bin Your Ultimate Organization Solution? Is your business struggling with clutter and disorganization? Supplies and stock take over every available inch, making it hard to find what you need. You're not alone. Many businesses face this challenge. But there's a hero in the world of organization: the metal storage bin. These sturdy containers aren't just for keeping things in order; they're champions of efficiency and reliability. Built
Shipping Smarter: How Sustainable Practices Benefit Businesses and the Environment When you think about how goods get to stores or directly to our homes, you might not immediately consider the impact on the planet. However, the process of freight transport is not only a huge part of the global economy but also a major source of pollution. In fact, freight transport around the world currently adds up to 7% of all the greenhouse gasses that we, as a global community, release into
MSC adds overweight container surcharge on India-US loads The wave of surcharges - usually accompanying an unbalanced supply-demand environment - continues on India-US trades. The latest pounding comes from Mediterranean Shipping Co. (MSC) in the form of surcharges for overweight standard containers moving to the US East/West/Gulf Coasts and San Juan, Puerto Rico. The Geneva-based carrier has announced a levy of US$300 per 20-foot container or cargo wei
ONE boosts intra-Europe links with upgraded SBX service Ocean Network Express (ONE) has announced significant enhancements to its Scandinavian Baltic Express (SBX) service. In addition to the existing coverage of Gdynia and Frederica, ONE has expanded the service rotation to include the ports of Antwerp, Rotterdam, Rauma, and Gävle. "This expansion offers greater flexibility and faster transit times for the intra-Europe shipments of our clients," said
AD Ports Group drives smart port innovation with digitalization The competition for shipping container traffic is becoming more intense due to new trade agreements, shifting alliances, geopolitical tensions, supply chain challenges, and the rising economic influence of the Global South, all of which are altering long-established maritime routes. Amid these changes, many ports have successfully navigated turbulent times by embracing emerging technologies to di
Fugro bags multi-year offshore wind support deal with Van Oord Dutch surveyor Fugro has been awarded a long-term contract to provide construction support to Van Oord for offshore wind farms across Europe for three years, with an option to extend. This will involve multiple remotely operated vehicle (ROV) systems, construction equipment, expert personnel, and related services on board Van Oord vessels Calypso and Subsea Viking. ...
Houthis go after Greek tonnage After the Panama-flagged bulk carrier SW North Wind I was attacked several times on Wednesday, the vessel came under fire again on Thursday morning. According to security firm Vanguard, the 55,989 dwt bulk carrier came under attack four separate times in a short period in the Gulf of Aden and the southern Red Sea. The ...
Crew rescued from laden Greek tanker attacked by the Houthis EU naval operation Aspides has stated that a French destroyer rescued all the crew from the badly damaged Sounion suezmax that was attacked in the Red Sea four times yesterday. The Delta Tankers owned and managed tanker, was attacked 77 nautical miles west of Hodeidah, Yemen, in the early hours of Wednesday morning. It is ...
Indian court orders sale of cocaine-bust bulker over unpaid dues An Indian court has ordered the sale of a detained Vietnamese bulker months after 22kg of cocaine was found on board. The Panama-flagged handysize Debi owned by Vietnam's Asia Pacific Shipping has been anchored at the Paradip port since the drug was discovered last year, but its arrest took place over unpaid docking fees. Six ...
Chipolbrok orders heavylift newbuilds at ZPMC Chinese-Polish multipurpose and heavylift joint venture Chipolbrok has ordered up to four newbuilds at Shanghai Zhenhua Port Machinery (ZPMC). The landmark order for the ZPMC shipyard is for two firm and two optional 38,000 dwt vessels. No price or delivery dates have been revealed for the newbuild that will sport three 250-ton cranes. Chipolbrok was ...
Ramboll boosts wind business with K2 Management acquisition Denmark's Ramboll has acquired global consultancy K2 Management to bolster its ability to support clients throughout all stages of wind energy projects. The acquisition adds close to 200 experts to Ramboll's successful wind division which will have over 900 dedicated experts across 20 countries and expand its global footprint into Vietnam, Thailand, Taiwan, and Portugal. ...
Canada's two largest railways shut down Canada's two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) and Canadian Pacific Kansas City (CPKC) marks the first-ever simultaneous shutdown at the country's main railroad operators with ports across ...
UK government taken to court over North Sea oil and gas licenses The decision by the UK government to issue a bucketload of new oil and gas exploration licenses since late last year has riled up environmentalists in the country with some turning to the courts to challenge them. Leading up to the 2024 election, the previous majority government in the UK approved 82 oil and gas ...
Only 5% of Chinese steel producers are currently profitable The Chinese steel industry is going through a "winter", according to the head of the world's largest steel producer, with analysts warning the sector - vital for capesize owners - faces prolonged decline. Steel production in July dropped by 9% year-on-year reaching 82.9m tonnes according to the National Bureau of Statistics, the lowest figure reported ...
Bandwidth, orbits and networks: how digital strategy overcame technology choices in maritime A more complex, regulated landscape for vessel operators has brought challenges around applications and network security into focus, writes Tore Morten Olsen, president of maritime at Marlink. A survey of the shipping industry 20 years ago would have found ship operators and service providers in an uneasy stalemate. With a virtual monopoly in place, communications ...
US starts work on second Central Atlantic offshore wind auction The US Bureau of Ocean Energy Management (BOEM) has announced that it will be publishing a call for a second regional offshore wind energy sale in the Central Atlantic. This call invites public feedback on possible commercial wind energy development in areas off the coasts of New Jersey, Delaware, Maryland, Virginia, and North Carolina. The ...
Kawasaki Heavy becomes embroiled in growing Japanese engine scandal A third Japanese company has come clean that it altered test results for hundreds of ship engines manufactured since the year 2000. Kawasaki Heavy Industries joins IHI Power Systems and Hitachi Zosen in a rumbling Japanese engine scandal as Tokyo investigates all the nation's ship engine manufacturers. Following the news this April that more than ...
Mpox scare onboard bulk carrier in Argentina turns out to be chicken pox An Indian crewmember on a bulk carrier in Argentina struck down with symptoms similar to mpox has been told he is in fact suffering from chicken pox. The entire ship's crew were quarantined earlier this week over fears that the skin lesions found on one seafarer were a strain of mpox. The World Health Organization ...
Five considerations for a digital maritime operating strategy Vessel operators are demanding increasingly sophisticated solutions to support their digital transition, writes Tore Morten Olsen, president of maritime at Marlink. As digitalisation advances in the maritime industry, so too do the demands from customers for more innovative and functional solutions. Where previously a connection between ship and shore might be augmented with messaging or ...
Stigma of recycling ships on Indian subcontinent remains despite Hong Kong Convention improvements Sale of 350,000 dwt floating production storage and offloading unit for recycling in Denmark has prompted cash buyer GMS to...
Shipping must pool demand for green fuels, but it will struggle to do so The Global Maritime Forum wants ports, governments and outside parties to help the shipping industry to pool demand to kick-start a...
Canada railways shut as lockout commences Shutdown of Canada's two largest freight railroads is a challenge for North American supply chains
China tweaks IMO mid-term measure proposal China's proposal allows for the use of alternative fuels with high emissions on a full lifecycle basis at the initial...
Dutch customs find cocaine worth more than €50m in Rotterdam A crackdown on drug smuggling in Europe's major ports, including Rotterdam, has shown signs of success, but the latest seizures...
Naval forces rescues seafarers on board stricken tanker The tanker's crew decided to evacuate the vessel after a fire started on board following the attacks, with a EUNAVFOR...
The week in bunkers: Will Sohar mass flow meter move snatch Fujairah market share? Oman is aiming to turn Sohar into an alternative bunker fuel hub with a hefty investment and strict rules to...
Voyage optimisation tools aim to be a stepping stone to decarbonisation Operational uncertainty is very costly for the shipping industry and Sofar Ocean markets itself as an assistant in closing what...
Kawaski Heavy admits to altering fuel consumption data The company said it discovered data had been altered during an internal investigation in June, before Japanese authorities announced they...
Indian port workers plan strike over wage and pension demands The initial effect may be somewhat piecemeal because container terminals operate under separate contracts. However, potential delays in vessel movements...
Ukraine seafarers still working despite war Officers and ratings are balancing obligations to their country against the need to provide for their families, says Danica's Jensen
Suspected mpox case turns out to be chickenpox Argentinian health authorities quarantined the vessel in the Parana river and isolated the seafarer from the other crew, but tests...
NYK joins the dots on green ammonia supply chain project NYK has an ammonia-fuelled medium gas carrier on order that is due for delivery by November 2026
Daily Briefing Onboard carbon capture no more than a 'transitory' fix | What's holding back e-fuels? | New York judge dismisses Economou...
Canada's Labour Minister orders end to rail work stoppage via binding arbitration The directive came about 17 hours after Canadian National Railway and Canadian Pacific Kansas City locked out more than 9,000 workers early Thursday, snarling supply chains for US and Canadian businesses that rely on trains to transport their cargo.
Ocean carriers reviewing Western Canada calls amid rail lockout The Port of Vancouver is still berthing ships for now, but ocean carriers are reviewing future calls due to the potential for congestion caused by the Canadian railroad work stoppage.
UP joins peers in assessing peak season surcharges for Southern California Demand for domestic containers in the region has exceeded all other North American markets and intermodal providers believe more volume will be coming their way in September.
Canada rail shutdown squeezing truck capacity, including cross-border supply There's not enough truck capacity to haul the volume carried by CN and CPKC in Canada, and that's causing a dislocation of truck supply across the country and on the US border.
OOCL H1 profit falls, but no signs of slowing headhaul demand The Cosco subsidiary said its ships on the trans-Pacific and Asia-Europe trade lanes are fully loaded with volume secured at high rate levels.
Supply chain transparency mandate looms over customs brokers' technology plans A range of supply chain mapping and risk management tools have emerged in the past decade, many aimed at customs brokers and third-party logistics providers.
Heidmar and prospective partner make quiet filing in US listing bid Action puts planned merger under review by securities regulators
Not over till it's over: Economou files new lawsuit against Performance Shipping Greek magnate is hoping court in Marshall Islands will be friendlier than New York
Firm charter rates continue to steer Marco Polo Marine's profits Gross earnings for the third quarter up 2.6% as ship chartering segment performed "well"
Uni-Asia to fix older ships on shorter-term deals with eye on disposals Japanese owner says firm S&P prices offer good opportunity to offload older ships, but restrict it from bringing in new tonnage
Kawasaki admits to tampering with marine engine emissions data Engine maker is third in Japan to have found shop test data to be fixed to remain within required limits
Navigator Holdings upgraded as Clarksons sees 'significant discount' to NAV after share slump Company should divest ethylene terminal after expansion, analyst says
Wall Street cash machine Zim tackles key dividend issue as profit piles up Analysts question if the container carrier could ramp up its payouts to shareholders
Capesize rates near one-month high backed by miner activity China boosts iron ore imports to offset declining domestic mined production
Is John Fredriksen easing off gas? Tycoon on a different page with his LNG fleet after VLGC sale Flex LNG appears on a different page to its sibling Avance Gas when it comes to M&A activity
Wall Street cash machine Zim tackles key dividend question as profit piles up Analysts question if the container carrier could ramp up its payouts to shareholders
French navy rescues crew of stricken tanker targeted by Houthis in Red Sea Tanker is said to be at anchor but without crew
'Five explosions': Houthi militants launch relentless assault on bulker in Red Sea Suspected sea-drone blast is the latest attack against merchant ships within 24 hours
Hunter Group posts quarterly loss as weak tanker rates hit VLCC bet Company continues to hunt for accretive opportunities as VLCC supply outlook remains 'highly supportive'
Russia set to secure three vital Arctic LNG carriers by winter, says Kpler Data provider dives into scenarios of Novatek's new export project
Belships posts 'sound' second quarter as fleet renewal rolls on Bulker owner declares dividend of NOK 0.55 per share
Danske Bank hires Ronny Junge-Larsen from shipping investor NRP Junge-Larsen will advise business customers in Norway
Giant Norway pension fund bets on tankers and offshore as shipping book swell to $2bn Fund increased holdings in Frontline, Hafnia and DOF, latest figures show
Peter Livanos gas ship sale-and-leaseback deals top $800m with Chinese lessor State-owned development bank takes Greek LNG carrier financing deals to over $1.8bn
Cocaine carrying bulk carrier ordered onto the auction block by Indian court Court dismisses Asian owner's argument it should not be liable for port dues while vessel was under investigation
Uni-Asia to fix older ships on shorter-term deals with eye to disposals Japanese owner says firm S&P prices offer good opportunity to offload older ships, but restrict it from bringing in new tonnage
Livanos gas ship sale and leaseback deals with Chinese lessor top $800m State-owned development bank takes Greek LNG carrier financing deals to over $1.8bn
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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