Wuchang opts for Schottel propulsion for OCV quartet China's Wuchang Shipbuilding Industry Group has chosen Schottel to supply a comprehensive propulsion concept for four new offshore construction vessels (OCVs). The 100 meter long vessels are being built to Salt
VIDEO: Amogy's NH3 Kraken sails world's first carbon-free ammonia-powered demo trip Brooklyn, N.Y.-headquartered ammonia to power pioneer Amogy Inc. today reported that the NH3 Kraken, a tugboat originally constructed in 1957, has completed its first voyage since being retrofitted with the company's ammonia-to-electrical
Navy-backed USA Fund acquires Alabama Shipyard site to boost sub production In a move that sees the Navy partnering with private equity and private industry, the Alabama Shipyard site in Mobile, Ala., has been acquired by the United Submarine Alliance (USA) Qualified Opportunity
Bisso Towboat takes delivery of new ASD tug Mr. Brian Luling, La.-based Bisso Towboat Co. Inc. has taken delivery of its newest low emission ship-assist tug, the Mr. Brian. Named in honor of the company's long-time VP Operations, Brian Cyprowski, the 5,000
Revolutionizing port operations: Integration of advanced automation technologies As automation progresses, port authorities are implementing plans to integrate advanced technologies into port operations. With global trade volumes on the rise, ports must efficiently manage large containers and complex logistics processes. To illustrate this transformation, we've employed AI to simulate such an environment, and the results are remarkable.
Positive shipper response puts X-Press ahead in decarbonisation game Even though Singapore-based X-Press Feeders speculatively ordered its first methanol powered ships three years ago, the company said its customers, the deepsea lines, driven by their customers, have responded positively to the low carbon services now in operation. X-Press Feeders' COO Francis Goh told Container News the company ordered its first tranche of eight vessels in 2021, speculatively, wi
Florida legislators award JAXPORT US$23 million for crane upgrades During the monthly Board of Directors meeting, Florida legislators presented JAXPORT with a US$23 million check for crane upgrades. This funding will be used to purchase a new container crane for the port's Talleyrand Marine Terminal from the Germany-based Liebherr Crane Company, as well as to refurbish existing cranes at the port's terminals. "I am proud to present JAXPORT with another substanti
Making container shipping safer, smarter and more sustainable Combining route splitting with advanced weather routeing can create commercial and operational opportunities, writes Christoph Rasewsky, Global Container Sector Lead of ABS Container ship operators require a unique combination of conditions to operate at maximum efficiency, safety and sustainability. These conditions are rarely found together or in the correct sequence, but each must be addressed
GEODIS begins trial for urban electric truck in partnership with Renault Trucks GEODIS has launched the test phase for "Oxygen," an urban electric truck developed in collaboration with Renault Trucks since 2022. The trials, aimed at proving the vehicle's effectiveness, will take place in Lyon, France from 9 September to 4 October, and in Paris from 21 October to 22 November 2024. This real-world testing focuses on using the truck for downtown deliveries and evaluating its pe
CMA CGM buys significant stake in Santos Brasil French shipping group CMA CGM will acquire a 48% stake in Santos Brasil, a major Brazilian multi-terminal operator. The CMA CGM Group announced the signing of a definitive and irrevocable agreement to buy a c.48% stake in Santos Brasil Participações S/A from funds managed by Opportunity. "I am pleased that the CMA CGM Group has concluded this strategic agreement for the acquisition of Santos Bras
Maximizing College Paper Productivity: Key Factors for Efficient and Effective Writing College life is full of assignments, tests, extracurricular events, and other activities that can consume all your time and effort. Out of all these, the task of writing papers feels the most time-consuming and burdensome. By using certain strategies, you can become a better writer and produce more papers efficiently. Maximizing college paper productivity involves focusing on key factors like tim
Lawyer: Evergreen Marine Corporation could incur losses if cross-affiliate deals are invalidated Evergreen Group scion Chang Kuo-wei's lawyer said that his client is suing the executors of his father's will, which named him the successor to the late Chang Yung-fa's business empire. As a consequence, Evergreen Marine Corporation's transactions with Panama-incorporated Evergreen International S.A. (EIS) could be nullified, resulting in losses over US$900 million. EIS represents the interests o
Maersk reinstates Charleston port on Oceania service Maersk has decided to reintroduce Charleston as a port of call on its Oceania service, replacing the port of Savannah in the service rotation. "As we are constantly maintaining the integrity of our service offerings, and with the operational situation improving in Charleston Wando terminal despite the ongoing toe wall construction, we have taken the decision to re-instate the Charleston call on o
CN Photo Project: The Picture of the Month Container News wants to thank you all for participating in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Month" for September. Title: K LINE container ship berthed at a container terminal of the Port of Piraeus Photo taken by Giannis Tapaskos Be part of the CN Photo Project and stay tune
Trade Disputes between EU, US and China: Analysis As ongoing trade disputes between the European Union, the United States and China shape future container market dynamics, Container News analyzed the impact of these disputes on global scape. In 2023, China solidified its role as a key player in global trade, particularly as the EU's largest goods importer. This is evidenced by a robust 8.4% increase in China's cargo and container throughput, am
CMA CGM implements congestion surcharge in Romania Considering the operational difficulties generated by the ongoing replacement of gantry crane's rail tracks in Constanta, Romania, CMA CGM will implement a new port congestion surcharge (PCS) at the port. Effective from 27 September and 25 October for US & US territories, Latin American notice countries and China, the surcharge will be US$150 per TEU for dry, reefer, IMO and OOG cargo. If you lik
California State Assembly Speaker Emeritus joins Los Angeles Harbor Commission The Los Angeles City Council has unanimously approved California State Assembly Speaker Emeritus John A. Pérez to join the five-member Los Angeles Board of Harbor Commissioners. Pérez was nominated for the position by Los Angeles Mayor Karen Bass. Currently serving as a Regent for the University of California, Pérez first became involved with the Board of Regents as an ex officio member during hi
Navigating the Legal Maze After a Car Accident If you're a car owner or you drive frequently, there's a good chance you've either experienced or witnessed a car accident. Car accidents can be life-altering and traumatic events that leave trauma, injuries, and financial burdens in their wake. Navigating the aftermath of a car accident can be an overwhelming and complicated process. This
Cambodia demonstrates competitive edge amidst regional developments On behalf of the inauguration of Cambodia's Sihanoukville Port's new 450,000 TEU box terminal , Container News conducted a comparative analysis to assess the competitive dynamics of Cambodia and its neighboring countries. The analysis considered two main indicators: the most recent data on shipping connectivity and the estimated overall TEU capacity for Thailand, Cambodia, and Vietnam. The data o
CMA CGM moves to take over port operator Santos Brazil French liner giant CMA CGM has laid the foundation for the takeover of Brazilian port terminal operator Santos Brasil Participacoes. The Rodolphe Saadé-led carrier is buying a 48% stake for about $1.15bn with plans to launch an offer for Santos Brasil's remaining shares after the initial transaction closes during the first quarter of 2025. "This ...
Damaged ship loaded with ammonium nitrate stuck in Norwegian waters A Russia-linked bulk carrier with a potentially explosive cargo of 20,000 tons of ammonium nitrate is being closely monitored by authorities in Northern Europe as it seeks refuge to carry out repairs after suffering damage in a severe storm. The 37,000 dwt open hatch carrier Ruby, which was set to cross the Great Belt strait ...
The Philippines repurposing three ports into offshore wind hubs The Philippine Ports Authority (PPA) and the country's Department of Energy (DOE) have agreed to speed up the development of three ports crucial for faster offshore wind development due to their proximity to high-potential offshore wind energy service contracts. The two organisations will repurpose and modernise port infrastructure to boost the Philippines' renewable energy capacity. ...
Louis Dreyfus Armateurs SOV damaged after hitting wind turbine Authorities are looking into a collision between a service operation vessel (SOV) and a wind turbine at Ørsted 1.2GW Hornsea 1 offshore wind farm. The 2020-built Wind of Hope owned by French family-owned shipowner Louis Dreyfus Armateurs hit the turbine on Thursday afternoon with 26 crew members and 46 specialist personnel on board. Fortunately, the ...
Negotiators have one week to save US east coast from chaos The entrenched sides are set, with government intimating it will not intervene, and the clock is ticking for what looks set to be Q4's biggest supply chain upheaval - the shutdown of ports across the east and Gulf coasts of the United States. If by the end of next Monday no pay deal has been ...
Splash launches latest Singapore magazine For the first time in 20 years Singapore has a new prime minister. What does the local maritime community want to see from the Lawrence Wong government? The first instalment in a brand new, 60-page magazine published today looking at the world's greatest maritime hub. More of the same, please, and don't rock the boat. ...
Ship struck by missile at Odesa port A general cargo ship scheduled to transport metal pipes to Romania, under a supply contract with the United States was struck during a Russian ballistic missile attack at the port of Odesa on Friday, the second hit on an international merchant ship in the Black Sea this month. The 6,315 dwt vessel, the Golden Lion, ...
FBI boards another Synergy-managed boxship in Baltimore The Federal Bureau of Investigation and other agencies boarded another boxship managed by Synergy Marine at the port of Baltimore on Saturday morning, days after the Dali, this year's most famous vessel accident, left American waters. Officials from the US Environmental Protection Agency's Criminal Investigation Division and Coast Guard's Investigative Services joined FBI agents onboard ...
VLCCs and suezmaxes increasingly shipping products Switching tankers to carry clean products rather than crude is an expensive process. However, today's soaring product tanker rates are seeing more and more VLCC and suezmax owners eye this conversion trade, and not just on maiden voyages. Providing data on both the costs involved and the attainable rates possible, New York broker Poten & ...
New yard opens in Singapore ST Engineering has officially opened its new shipyard in Singapore. The Gul Yard was acquired in February 2023 and replaces ST Engineering's Tuas Yard, whose lease expires at the end of 2024. Twice the size of its existing Tuas Yard, the Gul Yard is designed to handle larger, more complex projects, both for shipbuilding and ...
Carsten Rehder adds to Indian orderbook Germany's Carsten Rehder has exercised options for for four more 7,500 dwt general cargo vessels at India's Garden Reach Shipbuilders and Engineers (GRSE), due for delivery from mid-2027 through to the first quarter of 2028. Brokers report the ships are costing $13.5m each . The Indian shipyard has been diversifying its offering, having won an ...
Daily Briefing Black Sea risk unchanged despite back-to-back incidents | Republican lawmakers urge White House to prevent port strike | Food exporters...
Delta Corp announces new partner in bid to become publicly listed London-based dry bulk and tanker freight logistics provider Delta Corp has announced a reverse merger agreement with Kaival Brands, a...
Box rates keep falling as US strike worries mount Container rates have continued to drop with the end of peak season, but remain far above last year's levels
IMO resumes carbon price debate The working group will try to make progress on drafting legal text for the IMO's mid-term measures ahead of next...
The week in charts: Small registries grow at record pace | Compliance tool compromised by GPS jamming | Major food fallout if US dockworkers strike Small registries are growing their flags by taking on dark fleet tankers, GPS interference has real implications for shipping and...
Republican lawmakers urge White House to prevent port strike There's a week to go before a devastating strike shuts down US east and Gulf coast box ports. Republican lawmakers...
MSC disposes of more aged containerships by recycling The 39-year-old MSC Gabriella and the 1994-built MSC Agata II have both been sold for Hong Kong Convention recycling. MSC...
Black Sea risk unchanged despite back-to-back incidents The incidents reveal recklessness on Russia's behalf, but there is not yet any evidence to suggest the ships were deliberately...
Meyer Turku chief executive dismisses ammonia for cruise sector Tim Meyer said a big player committing to one fuel would spark progress in the shipping sector and break the...
Broadening sanctions heighten compliance pressures for Asian shipping and finance The expansion of sanctions has compelled Asian maritime companies and financiers to carry out more checks on deals
Spliethoff snaps up rival MPV operator ForestWave Spliethoff said the takeover of ForestWave will provide synergy and 'enables us to offer our clients an even broader scope...
The week in newbuildings: Boxship orderbook keeps growing Eastern Pacific Shipping, Evergreen, MSC and TS Lines are all understood to have boosted their existing boxship newbuilding orderbooks. More...
FBI boards Synergy-operated containership in Baltimore US authorities confirmed they had boarded Maersk Saltoro in Baltimore to "conduct court-authorised" activity, but the containership has since been...
Hanwha Ocean unveils zero-emission LNG carrier design Orders for greener ships are dominated by LNG and methanol-fuelled ships, but the use of ammonia propulsion systems are expected...
CMA CGM agrees to buy 48% of Santos Brasil and has its eye on more French shipping giant CMA CGM has agreed to buy 47.6% of port terminal operator Santos Brasil for $1.2bn and will...
Montreal dockworkers to take strike vote as contract talks continue The union representing Montreal's longshore workers are looking to ratchet up pressure on the port's employers as the two sides are set to meet after a strike vote takes place.
Asia-US East Coast spot rates plummet amid strike threat cargo diversions Front-loaded cargo has dried up ahead of potential labor disruption on the East and Gulf coasts, putting heavy pressure on container spot rates from Asia.
CMA CGM moves to take over top Brazilian terminal operator The acquisition will significantly expand CMA CGM's port reach into a region that is seeing robust demand.
Truckload visibility startup lands investment, top broker clients GenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.
New cross-border trucking platform aims to enable brokers Brokers looking to tap into the booming US-Mexico trade now have a tool to serve shipper requests to handle cross-border truckload moves.
Gnosis 'doubling down' on importer tech with first outside funds The software provider has steered clear of outside investment as it sought to patiently build import management tools for shippers.
Pangaea Logistics swoops on 15-ship MT Maritime fleet in $194m all-stock deal Former Eagle Bulk CEO Gary Vogel makes a return as designee to expanded board of directors
Red Sea conflict pumps cash into shipping by adding 3% to global demand, Clarksons' Gordon says Dispute still going to take time to resolve, says Stephen Gordon
What bargaining table? Deadlock continues as clock ticks on US East Coast port strike threat Employers' group open to mediation but says both sides need to agree
Delta Corp's listing hopes not up in smoke yet after sealing reverse merger plan with vape company Prospectus for the deal shows big cut in the group's valuation
John T Essberger inks contract for up to six chemical tankers in China Hamburg-based tanker division of the Rantzau group opts methanol-ready vessels
Star Bulk divestments hit $500m with two more ships in line for sale Bulker behemoth may be about to divest a pair of legacy supramaxes
Venture Global LNG makes first use of own newbuildings to ship cargoes to Germany But war of words with offtakers hots up
Tackling blaze on Houthi-hit tanker set to take weeks Experts prepare to start latest stage in salvage operation more than a month after attack
MPC Container Ships mulls option to snap up four vessels for $180m Quartet has an average age of 10 years
VLGC rates continue to drop with potential to slip further Houston-to-China route at seven-month low, says Clarksons
European Maritime Finance shipping funds win key sustainability stamp Funds' strategy centres around green ammonia
Hayfin to underwrite Star Capital acquisition of ship management giant V.Group UK-based financier signs first major deal under new ownership
Stena Line names former banker as chief investment officer at portfolio companies Tenfalt was previously chief business controller at Stena AB
Severe weather should not sink ships in the modern age, climate experts say Four-day conference at IMO aims to reduce damage to ships and cargoes from improved forecasting
Peak in sight for capesize asset values, says MSI Analysis suggests secondhand prices could start to decline within the next six months
Greek tanker player set for tasty profit after flipping former Ridgebury ship Petrochem General Management has sold the first in a string of four product tankers acquired in the past two years
MSC lines up $2.1bn container ship newbuilding series at reborn shipyard Contract is set to be Hengli Heavy Industry's first large boxship order
Knutsen NYK Carbon Carriers talks newbuildings as it closes in on debut order Emerging carbon capture and storage sector will need to shift 'massive' volumes of waste CO2, creating a new shipping sector
Greek firm Aquila Marine exits shipowning with scrap sale of its only tanker The Aquila is one of only two MR1s sold for scrap this year as owners hold on to type regarded as dwindling breed
John Fredriksen's Golden Ocean linked to profitable sale of newcastlemax bulker Brokers say shipowner has offloaded one of five remaining 2011-built vessels
CMA CGM buys 48% stake in Brazil's biggest terminal operator Carrier plots complete takeover of Latin America's largest container terminal
Greek shipowners swoop for kamsarmax bulkers as asset values dip on rate decline Japanese sellers offload modern tonnage in the teeth of a falling market
IMO sub-committee working group finalises interim guidelines for ammonia as a fuel Society for Gas as a Marine Fuel set to launch bunkering guidance next month
Baltimore bridge disaster could hike reinsurance bill by up to 20%, warns broker Marsh Broker says reinsurers are preparing multibillion-dollar reserves despite bid by owner to limit liability
Shipping bonds nearing peak amid 'extreme appetite' for high-yield issues Holberg Kreditt has been selective when buying new shipping bond issues this year
Flex LNG top executives sell stock worth almost $4m after exercising options CEO Oystein Kalleklev sells 100,000 shares at $26.65 a piece
TS Lines inks midsize container ships at CSSC Huangpu Wenchong Conventional fuelled 4,300-teu boxship newbuildings are scheduled for 2027 delivery
Berge Bulk asks US court to throw out grain company's lawsuit over Puerto Rico casualty Singapore operator says it cannot be held liable for crew negligence and unseaworthiness of chartered bulker
'Protectionism is one of the biggest challenges that we are facing,' says ICS Increased barriers negatively impact global trade, says Guy Platten
FBI and US Coast Guard board second Synergy Marine vessel in Baltimore Move comes as US steps up campaign against manager of vessel that caused the collapse of a Baltimore bridge in March
Alaska Air changes cargo leaders in wake of Hawaiian merger Alaska Airlines has brought in high-powered executives to manage the cargo division, which has become more complex with the addition of international cargo and Amazon shipping business coming from the takeover of Hawaiian Airlines.
Typhoons causing billions in agricultural losses, disrupt global supply chains Typhoons this year have ravaged areas in Asia, home to some of the busiest ports for global supply chains. Billions of dollars in damage has occurred across industries, especially agriculture.
ILA contract negotiations: US supply chains brace for disruption The impact of the possible ILA strike is already starting to become visible in the U.S. What is likely to happen if a strike does occur?
Gnosis Freight takes on private equity investor Container management software provider Gnosis Freight announced it has accepted a strategic capital investment from Vista Equity Partners.
Tariffs targeting Chinese e-commerce could damp demand A new White House effort to reduce the amount of online orders from China that enter the country duty free isn't likely to interrupt the Shein and Temu business, but could have ramifications for U.S. consumers and retailers.
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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