New joint venture orders offshore energy C-CSOV quartet A joint venture between Cyprus-based Schoeller Holdings and Hamburg-headquartered Deutsche Offshore Schifffahrt (German Offshore Shipping) is entering the offshore energy market with four construction commissioning service operation vessels (C-CSOVs). Launched a year
FERRIES 2024: A look at ferry innovations in Norway The global ferry industry is rapidly transforming due to advancements in remote and autonomous technology, especially in Norway. As we look to the future, it's essential to understand the latest developments, challenges,
Canadian Coast Guard orders MAN 32/44CR propulsion packages MAN Energy Solutions has won the order to deliver the propulsion systems for two Arctic Offshore Patrol Ships (AOPS) for the Canadian Coastguard. As part of a consortium with GE Power Conversion.
How to Start a Career in the Container Shipping Industry as a Student The container shipping industry has grown immensely in the era of globalization, and new opportunities are available for students in different capacities. The opportunities vary and require different skills and expertise, so picking what suits you is easy. It's like hiring a writer at GradeMiners writing service ; there are plenty of writers with different areas of specialization, and you are at
Supply Chain Management Technologies You Need to Know More About Supply chain management has always been one of the key challenges for businesses. Now, with huge competition and globalization, companies that can deliver faster, more transparent, and cheaper are winning and gaining more and more niche space. Enterprises are constantly testing new technologies, turning to experts, and asking them to create specialized programs or offer solutions suitable for the
Top 2 Best Literature Review Writing Services: An In-Depth Comparison Everyone says a literature review is hard to do, but what does that hard involve? Let's take a closer look at some of the difficulties a student may face and why most of them tend to opt in favor of the best literature review writing services: Finding relevant and up-to-date sources. Sifting through vast amounts of information. Knowing how to stay focused on the review's sequence and its direct r
Magaya Corporation announces Omniboom takeover Magaya Corporation has announced the acquisition of Omniboom, a top Integration Platform as a Service (IPaaS) provider. This acquisition aims to enhance the capabilities of businesses to thrive in the global e-commerce landscape by streamlining the integration of various applications and systems, thus improving data flow and operational efficiency. Omniboom will join Magaya in their mission to en
How to Motivate Customers to Refer Your Business without Feeling Pushy Have you ever wondered how some businesses effortlessly generate a steady stream of new customers without resorting to aggressive sales tactics? The secret often lies in leveraging the power of referrals. When executed correctly, a referral program can become a powerful driver of growth, transforming satisfied customers into enthusiastic advocates who naturally bring new clients to your doorstep.
Port of Long Beach achieves significant emission reduction amid rising cargo volumes The Port of Long Beach (POLB) continues its campaign to tackle air pollution related to cargo operations, with emissions down across the board in 2023 as activity returned to pre-pandemic levels, according to the latest audit of emissions from port operations. The Port's annual emissions inventory report found that since 2005, diesel particulates are down 92%, nitrogen oxides have decreased 71%,
Rotterdam Industrial Cluster launches pilot for energy and utility flow optimization A previous feasibility study by the Port of Rotterdam Authority and Yokogawa Electric Corporation has shown that optimizing energy and utility use at companies can result in cost savings of 5-10%. By optimizing energy consumption "behind the meter," companies that produce steam as a by-product can increase production at optimal times, such as when a neighbouring company requires more steam. This
Gebrüder Weiss expands location network in Romania Global transport and logistics company Gebrüder Weiss has expanded its location network in Romania, with a major investment of €20 million in Popesti-Leordeni. Wolfram Senger-Weiss, CEO of Gebrüder Weiss, affirmed that the second location complements the existing facility west of the capital in Bolintin-Deal, offering first-rate conditions to provide even better logistics support to Romania's eme
Containers fall overboard FESCO boxship after accident in Nansha Three containers from a FESCO boxship fell into the waters of the southern Chinese port of Nansha, after being hit by another ship. At the time of the accident around 9.45 pm local time on 21 September, the FESCO ship, 1998-built, 1,748 TEU Vladivostok, was docked at Nansha Phase III Container Terminal and was in the middle of loading and unloading operations. The ship carries cargo between Vietn
Girteka Group moves to larger facilities in Georgia Girteka Group has moved its Girteka Business Services based in Tbilisi, Georgia, to a new larger office, in an attempt to strengthen the company's global operations, attract talents and supports its growth across Europe. Jeroen Eijsink, CEO of Girteka Group, underlined that the expansion in Georgia reflects the efforts to build a coherent, cross-border one Girteka team, while, the development of
Wärtsilä to future-proof container ships with scrubber technology Wärtsilä has been contracted to supply its latest carbon capture and storage-ready scrubber systems - CCS-Ready scrubbers - for three container ships owned by German operator Leonhardt & Blumberg. A CCS-Ready solution is expected to assure Leonhardt & Blumberg that it has continued regulatory compliance for SOx emissions and opens the door to a smooth CCS system adoption in the future. Following
Port of Melbourne sees box decline in August Port of Melbourne reported total container throughput of 252,000 TEUs in August, translating to a 6% decrease over the same month in 2023. The Australian port saw its full container imports to decline with miscellaneous manufactureers and clothing below last year's volumes, while furnitutre and domestic appliances increased compared to last year. On the other hand, Melbourbe port's full container
AD Ports builds new yard capacity to absorb vehicle surge at Autoterminal Khalifa Port AD Ports Group recorded a 30% surge in vehicle volumes through Autoterminal Khalifa Port in the first half of the year. The company said it built new yard capacity "in record time" to meet the increased automotive trade volumes. "Reacting swiftly to the change in market demand, Autoterminal Khalifa Port has built 90,000 m² of additional yard storage capacity," said AD Ports in a statement. Xavier
WEC Lines establishes new office in France Dutch shipping liner and owner WEC Lines opened a new office in Nantes, France, located at 16 Quai Ernest Renaud, right in the centre of the city. WEC Lines aims to further enhance its ability to oversee all operational matters at the Port of Nantes Saint-Nazaire with an owned vessel calling this container terminal once a week. "We are delighted to inaugurate our new office in Nantes, a reflectio
Citizenship by Investment for Americans: What to Expect in 2024 Thoughts about ways to improve life in the future should not be ignored. This is partly due to the desire to change the country of residence, and partly due to the large number of relevant proposals. However, it is not worth drawing conclusions without arguments in favor of the idea. You need to get more information in order to form an opinion about the possibilities. You do not need to ask for h
Euroseas extends charter contract for 4,250 TEU boxship Greek vessel owner Euroseas signed a time charter contract for its 4,250 TEU container ship Synergy Busan, for a minimum period of 36 to a maximum period of 38 months at the option of the charterer. Euroseas and the charterer, who has not been disclosed, agreed on a gross daily rate of US$35,500. "This fixture, a strong increase compared to last-done, demonstrates that activity is starting to pic
Inflow of new weapon technologies evolve maritime security landscape Container shipping in the Indian Ocean, Red Sea, and Gulf of Guinea faces an evolving landscape of threats characterized by geopolitical instability, piracy, and the increasing sophistication of non-state actors. The global container trade could experience significant disruptions as a result of these developments. Heightened risks may lead to increases in insurance premiums, rerouting of shipping
Shenzhen and Long Beach sign green framework agreement Port of Long Beach, Shenzhen Port Group, Hutchison Ports YANTIAN, South Coast Air Quality Management District (South Coast AQMD) and North American Representative Office of Shenzhen have signed a memorandum of cooperation to collaborate on decarbonizing ocean trade and inspire other similar efforts to build a green maritime economy around the Pacific Rim. The new agreement establishes a framework
CMA CGM applies peak season surcharges from Europe to West Africa French ocean carrier CMA CGM has informed its customers of new peak season surcharges (PSS) effective from 1 October (based on the loading date), until further notice. The surcharge details are as follows: From North Europe (including the Baltic, Scandinavia), West Mediterranean, Adriatic, North Africa, and Morocco to West Africa: US$445 per container (all cargo). From the UK to West Africa: US$2
Trans Global Projects appoints new UK General Manager Trans Global Projects (TGP) has appointed Ben Taylor as the General Manager of its United Kingdom division. Bringing over two decades of expertise in project cargo and shipping, Taylor will oversee the day-to-day operations of the UK business and steer its future growth. "Ben joins at an exciting time for TGP UK, following a period of sustained growth and as we look to continue to expand our role
Maritime CEO Forum: Dry bulk prospects for 2025 and beyond Dry bulk took the stage as the closing session of this week's Maritime CEO Forum at the Fullerton Hotel in Singapore. The four panellists revealed mixed levels of enthusiasm for 2025 but an overall positive outlook regarding the upcoming year with a possibility of a few 'pink flamingos' in the air to make a quick ...
Trafigura names Richard Holtum as new CEO Global commodities trader and one of the world's largest charterers Trafigura has appointed Richard Holtum as its next chief executive officer. Holtum (pictured left), currently head of Trafigura's gas, power and renewables business, will take up the position on January 1 next year. He will also join the company's board of directors in October. Current ...
Icon Energy lines up acquisition firepower Nasdaq-listed Greek bulker outfit Icon Energy has built up financial firepower for future vessel acquisitions as it takes delivery of its first-bought kamsarmax since its IPO earlier this year. The Ismini Panagiotidi-led company said it has about $75m ready for potential fleet expansion as part of a $91.5m loan deal with one of the leading ...
MPC Container Ships eyes $180m four-ship swoop MPC Container Ships (MPCC) has revealed it has an option in place to acquire four vessels for $180m. The Oslo-listed boxship tonnage provider said the four ships are 3,500-4,500 teu wide-beam eco-design units, with an average age of 10 years. The deal could close by the end of September, and if firmed up, the vessels ...
Shandong Shipping adds to VLOC newbuild series Shandong Shipping has swelled its orderbook of very large ore carriers (VLOCs) at Qingdao Beihai Shipbuilding to six ships. The Chinese state-run shipping firm has added two 325,000 dwt Guaibamax units to a series of four newbuilds booked at the yard late last year for delivery in 2027. The latest duo, priced at $130m each, ...
Constellation bags $1bn Petrobras deal for drillship pair Brazilian offshore driller Constellation Oil Services has secured two drillship contracts from Petrobras worth around $1bn. The contracts that cover mobilisation fees, extension option clause and additional services requested by Petrobras involve the 2012-built Laguna Star and the newbuild Tidal Action formerly known as West Libra. The former was initially ordered by Seadrill at South ...
Euroseas scores bumper rate on three-year boxship charter Nasdaq-listed Greek boxship owner Euroseas has landed a three-year charted deal for its 4,250 teu Synergy Busan at $35,500 per day. The Aristides Pittas-led firm with 23 ships on the water and two under construction said the 2009-built ship which is currently earning $25,000 per day should start its new 36-38-month contract in early December ...
Schoeller and Deutsche Offshore Schifffahrt sign for newbuild quartet in China Schoeller Holdings and Deutsche Offshore Schifffahrt have joined forces in the offshore energy sector with four construction commissioning service operation vessel (C-CSOVs) newbuilds in China. Cyprus-based Schoeller Holdings has ordered the ships from CSSC Huangpu Wenchong Shipbuilding for delivery starting in early 2027. The newbuilds will be fit to work in the offshore wind sector ...
Controversial bulker carrying ammonium nitrate changes course for Malta A controversial Russia-linked bulk carrier loaded with a potentially explosive cargo of 20,000 tons of ammonium nitrate has changed its destination to its flag country of Malta after being denied entry in Northern European ports. The 37,000 dwt open hatch carrier Ruby, which was initially headed towards the Baltic Sea for repairs after suffering damage ...
Centus Marine taps Strategic Marine for next-gen fast crew supplier Malaysian offshore vessel owner Centus Marine has returned to Singapore-based shipbuilder Strategic Marine for a newbuild described as the next generation of fast crew suppliers. The new personnel transfer vessel, developed in partnership with AIRCAT Vessels will be designed to achieve speeds exceeding 50 knots while ensuring the safety and comfort of passengers during transit, ...
Excelerate in Vietnam FSRU link-up New York-listed floating regasification specialist Excelerate Energy has teamed up with PetroVietnam Technical Services Corporation (PTSC) to jointly study FSRU-based technical solutions for LNG imports into Vietnam. The two companies plan to conduct joint feasibility studies to optimise existing natural gas infrastructure and augment domestic supply with regasified LNG to help meet the growing d
Northern Offshore Services books CTV newbuild series Sweden-based crew transfer vessel (CTV) owner and operator Northern Offshore Services (N-O-S) is expanding its fleet with a series of newbuilds scheduled for delivery in the second half of 2025. The order covers four vessels of the so-called E-class at Singapore's Penguin Shipyard which recently also bagged an order for a pair of newbuilds from ...
RWE seals deal for offshore wind farm base in Poland German utility RWE has signed a land lease agreement with the Ustka Port Authority in Poland to build an operations and maintenance base for the F.E.W. Baltic II offshore wind farm. RWE said it would locate the facilities for the F.E.W. Baltic II project at the port's Western quay, adding that the main reason for ...
Capital Clean Energy Carriers sells five sister boxships Greek owner Capital Clean Energy Carriers, formerly known as Capital Product Partners, has signed an agreement to sell five 5,023 teu sister boxships to a third party. The vessels Hyundai Prestige, Hyundai Premium, Hyundai Paramount, Hyundai Privilege, and Hyundai Platinum were built in 2013 by HHI in South Korea and will be delivered to the ...
Maritime CEO Forum: Crewing conundrum debated Improving life at sea and attracting the best talent for the industry with a worker shortage looming was one of the hot topics discussed at this week's Maritime CEO Forum in Singapore. Panellists looked at how to best appeal to the new generation but also how to make life easier for the ones at sea ...
Singapore's struggles with cost of living Why shipping has had to look outside Singapore to complete many functions. The second installment in our brand new, 60-page Singapore special. Singapore now ranks as the city with the highest cost of living in the world, rivalling Zurich, according to last year's Economist Intelligence Unit survey. Hong Kong, Singapore and Zurich are currently the ...
Pangaea buys MTM's handy fleet Pangaea Logistics Solutions has sealed a deal to buy the handy dry bulk fleet of M.T. Maritime Management (MTM) in a $194m all-share transaction. NASDAQ-listed is adding 15 handysize ships ranging in size from 33,000 dwt to 40,000 dwt with an average age of approximately 10.5 years to its fleet by issuing 19m shares of ...
Magna Carta of Filipino Seafarers enshrined into law President Ferdinand Marcos has signed into law the long awaited Magna Carta of Filipino Seafarers, a new law designed to protect the rights and overall welfare of domestic and overseas Filipino seafarers, as well as promote their full employment. The new law aims to create a comprehensive framework for preserving and improving the rights and ...
New study suggests EU regulations will make economic case for methanol in shipping A new white paper prepared for the Methanol Institute by Dr Jeroen Dierickx, an energy and fuel expert at iDefossilise, concludes that the FuelEU Maritime Regulation and EU Emissions Trading System (ETS) will create a level playing field for bio- and e-methanol, making them economically competitive compared to fossil marine fuels. Under the EU's Fit ...
Billions in damage claims pile up in response to Baltimore bridge disaster A long legal battle over the financial consequences of the Dali casualty lies ahead. The myriad claims filed in the...
Daily Briefing Typhoon aftermath in China drives global port congestion to highest level outside the pandemic | New box building boom tops...
Opec forecasts oil demand to reach 120m bpd by 2050 The Organization of the Petroleum Exporting Countries predicts that global primary energy demand will increase by 24% in the period...
Capesize rates rebound after slow week Some analysts suggest that extreme weather in China has changed the momentum of capesize rates; others say increased iron ore...
IMO making progress on fuel standard First two days of the Intersessional Working Group focused on key factors of the IMO's upcoming fuel standard, although states...
Typhoon aftermath in China drives global port congestion to highest level outside pandemic Increasing congestion has yet to stop freight rates from falling. The industry is closely monitoring how impending port strikes on...
Clean tanker market braces for Nigeria gasoline imports to halve after Dangote strikes domestic supply deal Government-linked oil executives with a financial interest in a Malta-based blending plant and oil traders supplying the country with 15%...
New box building boom tops record set during pandemic 'Any disruptions to supply chains are being met with more orders for container equipment,' says John Fossey of Drewry. The...
Pangaea agrees all-stock takeover of MTM handysize bulker fleet MTM chief executive Christina Tan and ex-Eagle Bulk CEO Gary Vogel to join Pangaea board
Excelerate Energy signs partnership with PetroVietnam to explore FSRU possibilities Vietnam has ambitious LNG targets as it looks to move away from coal as a power source, with a goal...
China's Jiayou International expands African network with plans for Tanzania's Tanga and Tunduma ports The two ports Jiayou intends to develop are essential for the transport of products from copper and cobalt mines
Yard shortage sees Essberger choose offshore shipbuilder for chemical carrier order Chosen shipyard is new to the construction of chemical tankers. However, JT Essberger benefits from relatively early delivery slots, and...
Bangladesh yard closed for three months for blast that killed six An explosion on board product tanker Swarajya at the shipbreaking yard just outside Chattogram killed six workers and left a...
Hyundai Steel seeks tariffs on Chinese thick plate amid South Korean builders' concerns over cost increase With thick plate accounting for one-fifth of the shipbuilding cost, raising import barriers on Chinese goods could drive up manufacturing...
Rebranded Marinakis public arm sells five containerships Greece-based owner expects to become largest US-listed LNG shipping company but may keep reduced exposure to container sector through long-term...
Railroads set deadlines for accepting exports ahead of potential ILA strike The railroads say they can store some export containers after the Oct 1 strike deadline, but exporters will also shoulder the responsibility for holding their cargo if a possible work stoppage drags on.
White House's executive lever to prevent port strike is politically toxic The Biden administration may have no choice but to invoke the Taft-Hartley Act to stop a US port strike even as broader support for Democrats among transportation unions falters ahead of the presidential election.
'Wake-up call' to shipping as 2030 emissions targets slip away: report The next 12 months are critical for the maritime industry to accelerate its decarbonization efforts to avoid shipping falling irreparably behind its climate goals, according to an annual progress report from industry groups.
DB Schenker customers spooked by DSV takeover welcome at DHL: CEO The integration of two large companies in similar industries is "particularly challenging," according to Tobias Meyer, who withdrew DHL's interest in DB Schenker earlier this year.
Lack of terminal handling charges emerges as a factor in ILA talks Because carriers don't assess terminal handling charges in the US, any wage increase maritime employers agree to in longshore contract negotiations comes directly out of their pockets.
Star Bulk and Navision Shipping invoke Exxon Valdez law to lodge claims in Dali case After the US government opens the door to Oil Pollution Act claims, dry bulk companies walk right through it
Save fuel or have a coffee? Why motivated seafarers can help cut shipping emissions Leaders of start-up Signol explain the key areas where crew members can be motivated to cut fuel consumption
How Exxon Valdez law could sway the damages awarded in Baltimore bridge legal battle Government brings oil spill law into container ship case, while another claim turns to environmental rule to skirt around
China stimulus offers respite for flagging oil demand as tanker futures yawn FFA markets see little impact from package
Baltic Dry Index hits 2,000 points as China announces surprise economic stimulus Analysts believe the package will do little to stimulate consumer demand for new housing and construction
New front must be opened to fight Russian shadow tanker fleet, Labour Party conference told Ukraine-backing researchers call for price cap system to be cleaned up
Tighten screws on shadow fleet, campaigners urge UK Ukraine-backing researchers call for price cap system to be cleaned up
Pangaea Logistics executives defend 'cheap' fleet deal price MTM principals see long-term value of investment in public company's shares
'Transformative' Pangaea Logistics fleet deal 'a win for both parties' MTM principals see long-term value of investment in public company's shares
Trafigura hires LNG specialist Richard Holtum as new chief executive News first surfaced that Holtum could be the new CEO in the spring
Greek shipowner Enesel buys bulker platform set up by former Oldendorff chief Peter Twiss New venture has recruited teams from Twiss' former employer
Metrostar tanker newbuilding said to score striking time charter with Aramco Trading Metrostar's latest Aramco deal sets the bar high for LR2 rates
ConocoPhillips linked to charters on Nakilat LNG newbuildings Deal comes as rumours swirl over Japanese names for Gail (India) term business
Advantage Tankers sells a VLCC as dealmaking heats up Sale of a large Chinese-built crude tanker joins a growing number of VLCC transactions
Deadly tanker explosion that killed six workers sees yard slapped with ban SN Corporation also ordered to pay compensation to families of victims and workers who were injured
Contango 'looming large': Can oil price usher in new payday for tanker owners? BRS Shipbrokers expects prompt oil prices to fall below futures and boost tankers
MSC responsible for a quarter of boxship recycling deals as two more are scrapped Swiss giant keeps a steady recycling pace as the rest of the liner sector slows down
Scorpio and Capital sell tankers to tonnage hungry Pertamina International Shipping Major Western shipowners part with modern vessels at a time when asset values are looking strong
Evangelos Marinakis' Capital Clean Energy Carriers clears out five boxships in gas pivot US-listed company cashes in $118m net gain from sale of debt-free vessels
UN trade guru Jan Hoffmann moves to World Bank to focus on port reform After 30 years, German economist is moving to Washington to help drive port and logistics efficiency
Schoeller and DOS strike four-vessel offshore order in energy market 'desperate for new players' Partners are eyeing long term charters for flexible design of C-CSOV newbuildings
Red Sea conflict pumps cash into shipping by adding 3% to global demand, Clarksons' Steve Gordon says Dispute still going to take time to resolve, says Stephen Gordon
Excelerate Energy links up with PetroVietnam on FSRUs-based terminals Companies to conduct joint feasibility studies as US regas specialist homes in on Vietnamese opportunities
Deadly tanker explosion that killed six workers sees yard slapped with three-month ban SN Corporation also ordered to pay compensation to families of victims and workers who were injured
Western Bulk Chartering swings jobs axe with 'significant number' of redundancies New CEO wants to streamline and sharpen the bulker operator's organisation
Belships springs extraordinary dividend as shareholders collect extra cash from profitable bulker sales Ultramax owner has returned capital to investors with $24m purse shared
'Strong increase from last-done': Euroseas clinches three-year boxship charter Intermediate container ship finds long-term employment at $35,500 per day
Ship recycler hit with three-month suspension over deadly tanker explosion SN Corporation also ordered to pay compensation to families of victims and workers who were injured
Taiwan Cement shipping arm orders first-ever Chinese newbuildings as it moves into ultramax space Company orders bulkers at Jiangsu Haitong
Marinakis's Capital Clean Energy Carriers clears out boxship quintet in gas pivot US-listed company cashes in $118m net gain from sale of debt-free vessels
MSC responsible for a quarter of all boxship recycling deals as two more get the chop Swiss giant keeps a steady recycling pace as the rest of the liner sector slows down
Port of New York-New Jersey details strike operations plan Container traffic at the second-busiest U.S. port complex will come to a halt Oct. 1 absent a new contract covering 45,000 union longshore workers from Texas to Maine.
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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