Crounse takes delivery of new towboat from Conrad Paducah, Ky., headquartered Crounse Corporation has recently taken delivery of the 6,034-horsepower towboat M/V Alice. Named after the company's first vessel that began operating in 1949, the M/V Alice was constructed by
New Jersey offshore wind gets back on track Back in October last year, New Jersey's plans for offshore wind development took a hit when Ørsted announced that it would cease development of the Ocean Wind 1 and Ocean Wind 2
VIDEO: Delivery of Sun Princess delayed Carnival Corporation's Princess Cruises says that it and Fincantieri have mutually agreed to delay delivery of the 4,300 passenger, Sun Princess, the largest vessel ever constructed in Italy and the first ship
Idwal introduces condition improvement programme Idwal, an inspection, technology and data company, has introduced Idwal ID, a comprehensive programme to improve conditions. This digital platform offers defect management, fleet analytics, and benchmarking by conducting thorough ship inspections and generating dynamic reports based on detailed data. "Idwal ID brings together our market-leading inspections, maritime experience and digital technol
Port of Los Angeles to open new Wilmington Waterfront Promenade The grand opening of the newly completed Wilmington Waterfront Promenade at the Port of Los Angeles is set for 3 February. Los Angeles City Councilmember Tim McOsker, members of the Los Angeles Harbor Commission, Port officials and community leaders will be on hand to celebrate the new US$77.3 million "window to the waterfront" public park and recreation area, which will provide unprecedented acc
Addressing Cash Flow Challenges in Your Trucking Enterprise The trucking industry, often seen as the backbone of commerce, is undergoing a period of significant financial pressure. There was a freight recession that hit the industry in 2023 , thus leading to a dip in levels of capacity available to support loads, especially in the dry van sector. This decline in freight volumes and spot/contract rates compared to the previous year has created stiff challe
What is a reefer container? Dimensions and how they work A reefer container, also known as a refrigerated container, is an enclosed unit used for transporting temperature-sensitive cargo. Featuring built-in refrigeration systems, these containers maintain a specific temperature, ensuring the safe transportation of perishable goods such as fruits, vegetables, dairy products, and pharmaceuticals around the world, either by boat, road or rail. Their use i
Maqta Gateway and Aqaba Development Corporation sign deal to digitalise Jordan's maritime sector In a move to boost maritime and tourism development in Aqaba, Jordan, AD Ports Group has announced the signing of a shareholders' agreement between its digital arm, Maqta Gateway, and the Aqaba Development Corporation (ADC) with regards to their existing joint venture company, Maqta Ayla. Maqta Gateway will have a 51% stake in Maqta Ayla, while ADC will own 49%. "Guided by our leadership, we rema
Maersk rejigs India, Middle East networks amid growing Red Sea crisis pressure Danish ocean carrier Maersk has announced a series of changes to its ocean networks covering India and Middle East trades. The company has opened a new shuttle loop out of Colombo to help the transshipment of Mediterranean cargo to/from the subcontinent. The service will rotate Salalah, Colombo, Ennore, Colombo and Salalah, starting from 5 February. "In Colombo, we will have connections to Europe
MSC adjusts its East-West network to manage disruption caused by Red Sea crisis Due to the current situation in the Red Sea, MSC has temporarily suspended transits through the Suez Canal in both Eastbound and Westbound directions. This decision to redirect all vessels via the Cape of Good Hope has had widespread effects on global shipping networks. According to an MSC's recent statement, to mitigate the impact on their sailing schedules caused by this rerouting, the company
NWSA nears 3 million TEUs in 2023 The conclusion of 2023 saw robust performance for the Northwest Seaport Alliance (NWSA), as both international imports and exports marked their fourth consecutive month of volume growth. Looking at the overall annual performance, 2023 volumes saw a 12.1% decline compared to 2022, amounting to 2,974,416 TEUs. Full imports for the year decreased by 13.7%, contrasting with a 4.9% growth in full expo
ZIM starts new service connecting Asia with North America Israeli ocean carrier ZIM Integrated Shipping Services announced the launch of ZIM PNW Xpress (ZPX) service, an independent service that will connect Asia, Canada and the United States via Vancouver Gateway. The new service commenced operations on 21 January from the port of Cai Mep in Vietnam and will have the following rotation: Cai Mep (Vietnam) - Yantian (China) - Kaohsiung (Taiwan) - Xiamen
Gulftainer digitalizes operations and business procedures United Arab Emirates-based port operator Gulftainer has declared its intention to shift its core ERP to the cloud. The company will be adopting RISE with SAP and S/4HANA to enhance its global and regional operations, aligning with its broader digital transformation roadmap. As part of their extended collaboration, Peter Richards, CEO of Gulftainer, met with Marwan Zeineddine, managing director at
Wah Kwong JV poised to double LNG order tally at Dalian Shipbuilding Hong Kong shipowner Wah Kwong Maritime Transport and its joint venture partners China Gas Holdings and Hong Kong's CSSC Shipping are set to expand their orderbook for LNG carrier newbuilds in China. MB Shipbrokers, formerly Maersk Broker, reports a new order for a pair of 175,000 cu m units is anticipated at state-run Dalian Shipbuilding ...
Equinor and BP part ways in US offshore wind swap deal Equinor and BP have agreed to separately pursue their joint offshore wind projects in the US through a swap transaction under which the Norwegian oil and gas giant will take full ownership of the Empire Wind lease and projects and the UK supermajor taking over the Beacon Wind lease and projects. The agreement will give ...
US and UK sanction senior Houthis over Red Sea shipping attacks The US and the UK have imposed sanctions on four senior Houthi officials for their roles in supporting or directing attacks on commercial shipping in the Red Sea. Those targeted include Houthi defence minister Mohamed Nasser al-Atifi, commander of Houthi naval forces Muhammad Fadl Abd al-Nabi, coastal defence forces chief Muhammad Ali al-Qadiri and Muhammed ...
Jan De Nul secures Hornsea 3 contract Belgian marine contractor Jan De Nul and Danish utility Ørsted have struck an export cable deal for the Hornsea 3 offshore wind farm in the UK. Under the agreement with an undisclosed value, Jan De Nul will carry out seabed preparation, transport, installation and protection of 350km of cables that will link the wind farm ...
Vroon buys livestock carrier from Tsuneishi Vroon has strengthened its fleet following a financial restructuring last year with the acquisition of a livestock carrier from Japan's Tsuneishi Group. The Dutch shipowner has added the 2017-built Aurochs, which recently left Australia under its new name, Friesian Express. The youngest livestock carrier in operation takes the company's fleet of such vessels managed by ...
Red Sea naval forces struggle to contain Houthi attacks The futility of 22 naval ships trying to patrol 2,200 km of Yemeni coastline were once again exposed yesterday with two US-flagged Maersk boxships fired upon by the Houthis as shipping comes to terms with the fact that the Red Sea exodus is here to stay for a considerable time. Reacting to Israel's war in ...
Japanese press ahead with ammonia-fuelled ships Japanese companies have made headway in their efforts to deliver a mid-sized ammonia carrier powered by ammonia fuel by the fourth quarter of 2026. The consortium partners, which include shipping line Nippon Yusen Kaisha (NYK), engine makers Japan Engine Corporation and IHI Power Systems, Nihon Shipyard, a joint venture between Imabari Shipbuilding and Japan Marine ...
Ukraine intensifies Russian refinery campaign February 24 will mark the second anniversary since Russia unleashed the largest attack on a European country since World War II. In that period of time Russian exports of oil and gas have diminished, but only by about a third with fossil fuel exports still making up around 45% of the federal budget. Tired of ...
New Jersey gives go-ahead to two offshore wind projects The New Jersey Board of Public Utilities has awarded a combined 3.7 GW of offshore wind capacity to Invenergy and energyRE's Leading Light Wind project and Attentive Energy's Attentive Energy Two project. The state awarded 2.4 GW of capacity to Leading Light Wind and 1.3 GW to Attentive Energy Two. Attentive Energy is a joint ...
Europe seeks port solutions to staunch cocaine epidemic With Belgium holding the six-month presidency of the council of the European Union, the government has wasted little time in taking its next step in the fight against drugs cartels across the continent's ports, with Antwerp widely seen as the epicentre for the cocaine trades. The European Union along with port authorities and many associations ...
Cyan Renewables becomes majority owner of Sentinel Marine Singapore-based offshore wind vessel pure-play Cyan Renewables has acquired a 75% stake in offshore support vessel specialist Sentinel Marine, owner of the youngest fleet of emergency response and rescue vessels (ERRVs) in the UK. Sentinel Marine has a fleet of 13 high-specification offshore support vessels which enables them to respond to environmental emergencies, such as ...
Red Sea shipping crisis stops UN from completing FSO Safer operation One of the side effects of the ongoing Red Sea shipping crisis has been the suspension of the dismantling of the FSO , a 48-year-old, decaying tanker that the United Nations has been attempting to move. Splash has repeatedly reported on the UN's operation to remove the FSO Safer from Yemeni waters. Last year, the ...
Georgia port secures federal funding The Port of Brunswick in Georgia has been awarded $15m in federal funding to help develop its East River Terminal, a bulk facility. The project includes building a new 165m long dock after demolishing the old one, as well as replacing half of a second dock on the site. The federal money will also aid ...
Transnet's new CEO under investigation The bad news keeps emanating from the headquarters of Transnet, South Africa's under pressure state-run port operator. An investigation is underway looking at corruption claims levelled at Pepi Silinga, Transnet's CEO. Silinga has been accused of handing his former employer - COEGA Development Corporation - a lucrative contract to build fences around the ports of ...
Maritime tech investment JV launches in the US AMA Capital Partners, a boutique transportation and maritime focused investment bank, has formed a joint venture with Boston-based Skysail Advisors, an advisory firm specialising in the maritime technology space, a sector that has seen enormous merger and acquisitions over the past 12 months. Evangelos Efstathiou, founder and managing director of Skysail, commented: "Over the past ...
Govan Drydock back in business A famous British shipyard name is being resuscitated after a 36-year hiatus. Scotland's Govan Drydock has been given the green light to re-open. Glasgow City Council has granted a change of use planning consent, which will allow the full reopening of its 168 m long drydock number one, which was previously designated derelict. Govan Drydock ...
More suezmax tankers take the long way to Europe and the Med Most suezmaxes now transiting southbound via the Red Sea are carrying Russian crude while those heading northbound are mostly in...
US and UK blacklist four senior Houthi leaders for Red Sea terrorism The US and UK have blacklisted four senior Houthi leaders over attacks in the Red Sea. The move follows US...
Prominent shipbroker says 'everybody knows' how to sell tankers to fund Russia's war and get away with it Affinity managing director Richard Fulford-Smith says his industry is complicit in facilitating Russian oil trades that deliver $225bn in profit...
Insurers' Poseidon Principles scores got worse in 2023, report shows Better data collection and larger membership needed to enhance initiative's impact, PPMI admits
'Toxic fleet' of US-sanctioned Russia dark fleet owner Hennesea Holdings means company is 'done' Most of the 18-tanker Hennesea fleet is loitering in international waters after US regulators designated the owner and its ships...
China slowdown and lower coal demand stymie dry bulk growth With the world economy still relatively stagnant, there is little to push growth in the dry sector. Reduced use of...
Lomar switches focus from boxships to bulkers Diversifying UK-based owner confirms $500m worth of sales and purchases involving 33 vessels last year
NYK confirms order for medium-sized ammonia carrier newbuilding A new 40,000 cu m ammonia carrier will be fitted with the first marine ammonia-fuel engine to be built in...
Singapore's Cyan Renewables acquires 75% stake in UK-based Sentinel Marine The deal will combine Sentinel Marine's UK offshore marine services business with Cyan Renewables' extensive network in the offshore wind...
AMA Capital Partners and Skysail Advisors tie up to help maritime tech firms access capital Boutique transportation and maritime bank AMA Capital Partners and maritime technology firm Skysail Advisors are partnering up to help maritime...
Greek tankers enter Gatik dark fleet as new Russia sales restrictions kick in Two tanker sales mark the first moves from European ownership to enter Russian trading since Europe toughened measures to prevent...
LNG engines emit more methane slip than shipping regulators assume, argues study Researchers say the IMO and EU should increase the default methane slip value for low-pressure, dual-fuel four-stroke LNG engines to...
Reported drone strike causes fire at Russian oil refinery Lloyd's List Intelligence data shows at least three product tankers at berth in the port. It is unclear whether export...
Daily Briefing Maersk suspends US-flag operations in Red Sea after two ships targeted | Box shipping reaching Red Sea inflection point |...
Red Sea disruption ends container capacity relief for ro/ro carriers: Grimaldi While container spot rates aren't favorable for vehicle shipments now, Emanuele Grimaldi said the size of the container ship orderbook could easily pull rates down as networks adjust to Red Sea disruptions.
MSC pulls Indian strings to USEC, Mediterranean amid Red Sea sailing chaos The service cuts could be seen as a step backward for the carrier after it significantly consolidated its ocean reach out of India in recent years to tap a promising trade outlook as the emerging economy expands.
Weak US manufacturing outlook darkens skies for trucking freight market Excluding the period immediately following COVID-19 lockdowns, manufacturing activity in the US is at levels that haven't been seen since 2011 when manufacturers were still recovering from the 20% drop in output caused by the global financial crisis.
Zim launches its own Asia-Western Canada express service The carrier is boosting its trans-Pacific portfolio with an additional express service to Vancouver that is separate from its slot-sharing arrangement with MSC.
Logistics tech providers tackle silos separating orders from freight Connecting purchase order management with logistics management has been a challenge since before the pandemic, something BuyCo and Gravity hope to alleviate with a combined offering.
2M adjusts Asia-US East Coast ship schedules to account for Cape reroutings Maersk said four US East Coast services jointly operated with MSC will continue to forgo Suez Canal transits as the security risk in the Red Sea "remains at a significant level."
Navig8 Group reveals details as 'eco' MR series at China's New Times begins to hit water Chairman Gary Brocklesby is touting fuel efficiency and carbon reduction in newbuildings
US and UK sanction high-ranking Houthi officials for attacks on shipping US Treasury Department links all four men to threats against vessels
US aims for 'scalps and fines' as it steps up price cap probes US sanctions regulator blacklisted shadow fleet operator over Russian trades last week, but is eyeing bigger prizes, says shipping veteran
'A lot of money available': How to secure a $1bn shipping loan, by those who have done it Scorpio and GasLog executives discuss resurgent ship lending landscape after comeback year
SEB Oslo snaps up new debt advisory head from DNB Veteran debt capital markets banker Yannic Yvon's brief will include shipping
DNB sees 'exceptional' cash flow driving Scorpio Tankers payout potential New York-listed company is one of the discounted tanker stocks, bank says
Martin Stopford lays out three-stage energy transition plan for shipowners Industry doyen backs carbon capture and nuclear as stopgap until green fuel production ramps up
Double disruption: Red Sea crisis and takeovers dominate analysts' thoughts as earnings near This week's Streetwise takes a look at the upcoming reporting season and what stock researchers are monitoring
Next generation of LNG newbuildings tipped to be lifting ammonia Lloyd's Register director urges owners to keep vessels compliant over their lifespans as he explores energy-transition scenarios
New Chinese container ship players cash-in on rivals' Red Sea exodus THE Alliance suspends another Red Sea service - but Chinese newcomers are undaunted
How low can they go? VLGC rates sink to worst level in 21 months Rates have plunged from $170,000 to $20,000 in less than four months
Cape of Good Hope diversions push container ship speed and costs higher Boxships are going faster, while aframax fuel costs have doubled, according to a report from LSEG Research
Bruno Chabas steps down as SBM Offshore boss after 12 years Long-serving CEO being replaced by chief operating officer Oivind Tangen
Gram Car Carriers chips away at financing costs Oslo car-carrier lessor has hatched new financing deals on three vessels in two months
Foremost Group joins elite group of early movers ordering methanol-ready bulkers New York-headquartered owner books four kamsarmaxes worth about $168m
Cape of Good Hope diversions push container ship speed (and cost) higher Container ships are going faster, while aframax fuel costs have doubled a report from LSEG Research found
Red Sea 'car-carrier free for first time in 30 years' Gram Car Carriers board head Ivar Myklebust says transits had averaged 90 a month in 2023
George Economou hires new right-hand man to help fuel TMS growth Dealmaker John Papagiannakopoulos joins Greek tycoon after a decade at Tufton Group
Poseidon Principles insurers no closer to hitting green targets Second annual report indicates insurers' shipping portfolios are no closer to IMO decarbonisation goals
Hartmann spins off manager Intership in buy-out by CEO Rohdenburg Owned fleet not included in deal covering managed tankers, bulkers and gas carriers
DNK offers new insurance to cover owners' cyber risks both on ship and ashore Previous cyber policies have not brought together all an owner's risk exposure says DNK
CSI Shipping: Meet the forensic investigator shining a light into dark corners Julia Oppermann is on a mission to get to the bottom of the sometimes murky happenings on board ships
Revamped Vroon makes first ship purchase in eight years Dutch group snaps up 2017-built livestock carrier from Japan's Tsuneishi Group
NCL cruise ship passenger claims 36kg of marijuana was for personal use Two people charged with intent to supply banned drug on Norwegian Joy
Panama Canal appoints first sustainability officer as part of multi-billion green plan Waterway struggling with drought wants to embed decarbonisation into $8.5bn of planned investment
NYK orders 'world's first' medium-size ammonia carrier Newbuilding will also be the first fitted with Japanese-built engines
Panama Canal appoints first sustainability officer as part of multibillion green plan Waterway struggling with drought wants to embed decarbonisation into $8.5bn of planned investment
Booming tanker rates boost Stolt-Nielsen profit prospects World's largest chemical tanker owner will report earnings next week
BW LPG's gas trading arm on course to treble profit VLGC owner's new service is paying off big-time
Pareto Bank sees shipping book shrink as client numbers fall Shipping lender reports robust demand from offshore vessel markets
Nova Marine keeps foot on S&P pedal with third handymax purchase Swiss bulker player bags another Japanese vessel as the Orix conglomerate piles up ship sales
Swedish bank SEB sees shipping loans fall in 2023 Lender's loans to shipping decreased by 12% to $4.9bn
Red Sea crisis halts work on decaying 'time bomb' tanker off Yemen United Nations says the project has been impacted by unforeseen operational and financial challenges
Blaze hits Russian oil facility following latest drone attack Local sources claim drones were to blame at Rosneft depot
Trafigura poised to spend $750m on ammonia carrier newbuilding orders Trading giant in yard talks for very large ammonia carriers as it gears up for future fuels and trades
Work on FSO Safer reportedly halted by Red Sea crisis United Nations says project has been impacted by unforeseen operational and financial challenges
Boom! Another Russian oil facility located near a port goes up in flames Local sources claim drones were to blame at Rosneft depot in Tuapse
Singapore's Cyan Renewables buys majority stake in UK offshore player Sentinel Marine Seraya Partners-backed owner says strategic acquisition facilitates move into UK offshore wind market
VLCC newbuildings: A no-brainer or a shot in the dark? Positive market signs tempt investors but will current hype prove misplaced?
Former Polar Air Cargo exec pleads guilty to wire fraud Six people have pleaded guilty so far in a federal fraud case involving former executives at Polar Air Cargo, customers and service providers.
American Airlines misses out on cargo's fourth-quarter bounce American Airlines' cargo results in the fourth quarter were lackluster considering the industry experienced a mini-renaissance after hitting bottom in the summer of 2023.
Sea-air routes gain as bypass option for Red Sea shipping delays The air cargo industry finished 2023 on a high note and is getting an extra boost from the Red Sea shock as shippers divert ocean freight to keep their supply chains fluid.
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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