Maritime Craft Services orders CTV trio with new advanced SWATH design Scotland's Maritime Craft Services (Clyde) Ltd has ordered three new crew transfer vessels (CTVs) at the Työvene shipyard in Finland. Built to new design by Sandown, U.K., based Ad Hoc Marine Design
Four seized on dhow brought to U.S. to face charges Four foreign nationals aboard the dhow suspected of smuggling Houthi weapons that was interdicted by U.S. forces on January 11 have been charged in a criminal complaint in the Eastern District of
GAO slams BSEE and BOEM delays on offshore decommissioning Worldwide, decommissioning of end-of-life offshore wells and platforms is an important market for a number of specialist offshore service providers. A recent report from the Government Accountability Office (GAO) indicates that the
CMA CGM revises surcharge from North Europe to Med, Adriatic, Black Sea and North Africa French ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15 March 2024 (loading date) until further notice, the updated surcharge will be US$216 per unit / US$253 per unit (for the UK). CMA CGM's PSS will apply to shipments originating from North Europe (excluding Portugal
Moderate decline in global bunker indices, reports MABUX During the eighth week of 2024, Marine Bunker Exchange (MABUX) global indices saw a moderate decrease. The 380 HSFO index declined to US$518.15/MT, nearing the US$500 threshold, the VLSFO index decreased
Duvenbeck expands to Benelux region with logistics firm acquisition Duvenbeck, a logistics company established in 1932 and headquartered in Bocholt, North Rhine-Westphalia, is extending its network to include the Benelux region. The recent agreement to acquire Schotpoort Logistics, a Dutch transport and logistics firm based in Eerbeek near Arnhem, was signed on 19 February 2024. However, the finalization of the deal is contingent upon approval by cartel authoriti
J.B. Hunt boosted by Walmart deal Intermodal operator J.B. Hunt's stock price was boosted by the news that the company had reached a long-term intermodal service agreement with Walmart, with the deal including a sale of the shipper's intermodal assets to the carrier. J.B. Hunt subsidiary, J.B. Hunt Transport Inc., will acquire the intermodal containers and chassis owned by Walmart as part of the deal, which will boost the carrier
Xeneta appoints former Amazon and MSC expert Fabio Brocca, recently appointed Chief Product Officer at Xeneta, faces the challenge of leveraging data and technology to revolutionize the buying and selling of ocean and air freight worldwide. With his experience as head of Product for Global Transportation Technology at Amazon, where he played a pivotal role in scaling one of the world's largest transportation networks, Brocca is well-positio
Beijing dismisses Biden's allegation of spying through China-made container cranes The Chinese government has called US President Joe Biden's allegation of espionage, using made-in-China container handling cranes, as pure conjecture. Biden signed an executive order on 21 February, prohibiting US container terminals from using Chinese-made ship-to-shore cranes. A White House statement said: "This action is a vital step to securing our maritime infrastructure's digital ecosystem
Hamburg boosts trade relations with India Positive developments in economic relations between Germany and India have led to a significant uptick in imports and exports between the two countries in recent years. The Port of Hamburg anticipates setting a new record for seaborne cargo handling with India in 2023. Capitalizing on this optimistic trend, representatives from the Port of Hamburg seized the opportunity to strengthen ties during
Update: Five dead after container ship hits bridge in China Chinese authorities said today (23 February) that five people have been confirmed killed after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong yesterday morning. On 22 February, Liang Hui 688, a 2016-built 5,000 gt domestic Chinese container ship, reportedly hit the Lixinsha Bridge in Guangzhou's Nansha district, causing the bridge to collapse partially. Conseque
Latvia, UK and Canada cooperate on ROC solution The Port of Riga has joined a consortium comprising Latvia, the UK and Canada to develop a solution for a single Remote Operations Centre. This week, on 22 and 23 February, maritime and ICT experts, along with researchers from the three nations, convened for a workshop at the Freeport of Riga Authority. Their collective efforts will focus on crafting a solution for a Remote Operation and Control
INEOS Grenadier chooses Georgia Ports as key national gateway Car manufacturer INEOS has chosen the Port of Brunswick in Georgia to deliver its new Grenadier off-road SUV to markets across the US Southeast. "We are happy to welcome INEOS and the Grenadier to Georgia. Brunswick's central location and superior connectivity, combined with the ease of doing business in Georgia, make it the perfect gateway for the US launch of this exciting new vehicle," comment
WinGD, Mitsubishi Shipbuilding partner on ammonia fuel supply system development WinGD, a Swiss marine power company, and Mitsubishi Shipbuilding, a Japanese shipbuilder and technology developer, have successfully finalized the initial design of an ammonia fuel supply system (AFSS) tailored for vessels equipped with WinGD's X-DF-A ammonia-fueled engines. This AFSS design marks the first milestone achieved through a comprehensive partnership established last year. The collabor
Port of Oakland leads the way in reefer export cargo The Port of Oakland stands as a dominant force in the sector of refrigerated cargo, securing its position as the top port in the United States in terms of reefer container volumes for export trade. Oakland has held the first position among all US ports for international reefer export TEUs for seven consecutive years. The total commercial value of reefer exports passing through Oakland surged to a
SAAM Towage's first electric tugs arrive at Port of Vancouver SANMAR Shipyards has delivered SAAM Towage's first electric tugs to the Port of Vancouver in Canada. These cutting-edge ElectRA 2300SX units, developed in collaboration with Canada's Robert Allen, are expected to reduce greenhouse gas emissions by approximately 2,400 tons annually at full capacity. Following their arrival, the tugs will undergo necessary preparations with crews and equipment manu
CMA CGM revises PSS from Türkiye to West Africa In light of the current circumstances in Türkiye, CMA CGM has notified its customers about an update regarding the Peak Season Surcharge (PSS) from Türkiye to West Africa. Commencing from 26 February 2024 (loading date) until further notice, the revised PSS of US$200 per container will apply to dry cargo, according to the French company's announcement. If you liked this post, please consider dona
ZIM holds naming ceremonies for three new ships Israeli container carrier ZIM announced the successful naming ceremonies of three new vessels that have joined its fleet. These ceremonies, held in South Korea and China, signify a significant milestone in ZIM's commitment to sustainability and mark the completion of a significant phase in its fleet modernization efforts. The naming ceremony for ZIM Mount Elbrus and ZIM Mount Vinson, the final tw
Manta Marine Technologies introduces new leadership team Manta Marine Technologies, formerly known as Yara Marine Technologies (YMT), has unveiled its new brand and leadership team following its recent acquisition by Geneva-based Okapi Supply Trading Advisory SA. These changes signify a fresh chapter for the company, which aims to broaden its
Noble sees drillship contract extended in Nigeria Offshore drilling giant Noble Corporation has secured more work for its drillship offshore Nigeria. The New York and Copenhagen-listed company said in its fleet status update that TotalEnergies had opted to keep the 2011-built floater on contract for nine more months. The Noble Gerry de Souza started with the French energy major in Nigeria in ...
How world shipping has transformed in the two years since Russia's full-scale invasion of Ukraine Saturday marks two years since the full-scale invasion of Ukraine, a war that has dramatically changed the global seaborne map, some argue irrevocably. Over the past 729 days, Russia has switched its shipments east, using all manner of subterfuge to keep oil and gas revenues high, while Ukraine has had to get highly creative to ...
JERA buys 15.1% stake in Scarborough gas field for $1.4bn Japan's largest utility JERA has entered into an agreement with Australia's Woodside to acquire a participation interest in the Scarborough gas field. JERA bought a 15.1% participating interest in the Scarborough gas field development project for a total consideration of approximately $1.4bn. This amount comprises the purchase price and reimbursement to Woodside for JERA's share ...
Cetus Maritime takes over Chile's Nachipa Corp Cetus Maritime, the great consolidator within the fragmented handy bulk space, has struck again. The Hong Kong bulker outfit is merging its fleet with Chile's Nachipa Corp to create a 65-ship strong company - roughly split 40 owned and 25 chartered in. The news comes just over a year after Cetus Maritime was created via ...
Houthis vow to escalate attacks Despite multiple strikes against Houthi positions in Yemen this week there has been no let-up in ship attacks. A Palau-flagged general cargo ship called Islander was targeted with two missiles yesterday morning off Aden with a fire reported onboard and nearby military support coming in to aid the vessel. The United Kingdom Maritime Trade Operations ...
Flex LNG secures two-year charter extension with BP The New York and Olso-listed Flex LNG has won an extension for its 2019-built 173,400 cu m LNG carrier . This is the first extension option for the vessel which, the company said, was contracted to an unnamed "supermajor". According to data provided by VesselsValue, the Flex Courageous is chartered by energy giant BP. The ...
Fractal and Beks included in latest UK sanctions Fractal Shipping from the UAE and Turkey's Beks Ship Management are among the high profile shipping names included in the latest raft of sanctions unveiled by the UK yesterday ahead of tomorrow's second anniversary of Russia's full-scale invasion of Ukraine. Both Fractal and Beks have seen their fleet size increase dramatically over the last couple ...
Shipping in the Year of the Dragon: Tankers More than healthy earnings are on the cards for tanker owners in 2024. The latest installment in Maritime CEO's annual outlook. A potential scrapping of much of the dark fleet, belated ordering en masse, and a highly profitable year. That's the tanker outlook in the Year of the Dragon without even taking into account the ...
Sanctioned tanker firm Fractal challenges UK blacklisting Fractal Marine, previously one of the largest loaders of Russian crude and products after the imposition of a price cap...
Price cap 'phase II' was spurred by Russia selling 'large amounts of oil' above the cap Marking the two-year anniversary of Russia's invasion of Ukraine, the US slapped sanctions on 500 entities and companies. The Treasury...
Dry bulk's 2024 to be 'one of the best years in recent memory', says Breakwave Breakwave is bullish on bulkers, pointing to volatility and talk of a mining safety campaign cutting coal output in China...
Sanctioning Russia is one thing, making restrictions stick is another The murder of Alexei Navalny and the second anniversary of the Ukraine invasion have seen measures targeting the Kremlin proliferate...
CMA CGM falls to fourth-quarter loss on lower rates Despite stable volume developments, CMA CGM saw a sharp downturn in earnings in the final quarter of 2023. New capacity...
Diana sells another bulker as profits dip US-listed owner of 40 vessels trims dividend to $0.075 per share
European green technology funding for shipowners is a gift for Chinese shipbuilders 'The EU doesn't understand there is shipbuilding in Europe - it focuses on shipowners,' said Sea Europe director of trade...
Shippers call for transparency over Red Sea surcharges Costs for taking the long route around the Cape of Good Hope are higher. But it is unclear why surcharges...
The Lloyd's List Podcast: What this year's P&I renewals mean for shipping This year's annual P&I renewals have been less dramatic than previous editions - Minimal vessel churn combined with higher premiums...
Hanwha Ocean wins big VLCC newbuilding contract Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, recently emerged from a takeover exercise, and has signed its biggest...
Ghost of US government ship turns up at Novorossiysk A US-flagged tanker built in Bethlehem Steel in 1963 and scrapped in 2021 has pinged its AIS location in the...
Chairman Mao Jianhong steps down from China's Ningbo-Zhoushan port Mao has reached the retirement age for top-level executives at state-owned Chinese enterprises
Daily Briefing Fractal Shipping blacklisted as UK marks anniversary of Russian invasion with fresh sanctions | Record US-Europe crude flows as Houthi...
GSBN draws new ports to its shared digital infrastructure concept Large terminal operators and container lines have backed an effort to build a common digital platform, which this week lured three global port operators into its network.
Sharp drop in CMA CGM's 2023 results were 'expected': Saadé The carrier presented a mixed outlook for 2024, expecting sluggish economic growth, rising geopolitical uncertainties and excess capacity to be accompanied by inventory replenishment and consumer spending on goods.
J.B. Hunt signs multiyear deal with Walmart, acquires container fleet While the two companies have a partnership dating back 35 years, the latest transaction strengthens the relationship between the largest intermodal provider in North America and one of the continent's top intermodal shippers.
EU parliament rejects proposal to cut temporary port storage time There was unilateral opposition to the call made by the European Commission last May as part of its reform of customs procedures, and as expected, the measure never made it through the parliamentary review
Shipping executive who led trans-Pac rate-setting conferences dead at 81 Al Pierce was a shipping veteran who headed up ocean carrier rate-setting conferences and later the so-called "discussion agreements" in the trans-Pacific trade beginning in the late 1980s.
US slaps its most sweeping sanctions yet on Sovcomflot and 14 crude tankers Shipowner blacklisted in bid to reduce oil profits by Russia
US says Russia has no 'good choices' after sanctions crackdown Oil price cap is working, insists Treasury officials, after blacklisting 27 ships hauling Russian oil
Diana expands offshore orderbook and sells cape as profit shrinks US-listed bulker owner cuts its dividend but sticks to plans to renew fleet and diversify in forward-looking markets
Tanker newcomer Fractal challenges UK blacklisting over Russia role Dubai-based operator vows to clear 'misunderstandings' and says it operates within oil price cap rules
US sanctions LNG carrier newbuildings contracted for Russian Arctic Latest listing also hits Zvezda Shipbuilding Complex and Sovcomflot-Novatek joint venture
Solstad Maritime returns to selling laid-up AHTS ships Company has 14 anchor-handlers left after selling two of its smallest units
Swathe of US and EU sanctions targets include shipyards, owners and vessels Former Ofac official expects US to ramp up price cap enforcement
Diana expands offshore orderbook as profit shrinks US-listed bulker owner cuts its dividend but sticks to plans to renew fleet and diversify in forward-looking markets
Swathe of US and EU sanctions targets include shipyards, logistics and vessels Former Ofac official expects US to ramp up price cap enforcement
Could Teekay Bulkers be next for debt-free Teekay Tankers? CEO Kevin Mackay is not ruling out a move into other sectors if tanker prices prove too high
Shipping's mother and daughter team to run London Marathon for The Seafarers' Charity InterManager's Karen Avelino and daughter Karmel, who works for Carnival, have a big day lined up on 21 April
VLCC rates come crashing down as fixing activity cools Just days after the largest crude oil tankers hit multi-month highs, rates fell back to earth
LNG 'bear brains' on parade as Stephenson Harwood hosts ice-cold quiz Do you know your gas acronyms or can you distinguish names of cheeses from UK motorway service stations?
Editor's selection: Captain's 'life-changing slip of the tongue', price cap crackdowns and complicated convertibles... Some of the week's biggest and best articles
US issues swathe of sanctions against Russia with restrictions on some '100 entities' Former Ofac official expects US to ramp up price cap enforcement
QatarEnergy reveals first LNG newbuilding name in nod to long-term project partner First of 12 vessels ordered in China under huge vessel expansion haul due to deliver in September
Harry Vafias spin-off has six more months to avoid US delisting Reverse stock split could be used to boost share price on the Nasdaq exchange
Polsteam seals $192m refinancing in China as fleet renewal moves forward Polish state owner has 10 bulkers being built at Shanhaiguan Shipyard
Panagiotidis family snaps up bulk carrier from cash-rich Castor Maritime Cypriot owner sheds fourth vessel this year to chief executive's relatives
Pertamina International orders two handysize dual-fuel LPG carriers at Hyundai Mipo Indonesian tanker giant has added two handysize LPG carriers to the large tally of newbuildings it has on order
Shipping investor ADS sees profits hit by finance cost hike Norwegian investment company also benefiting from favourable VLCC and MR markets
Cocaine worth £450m discovered in container of bananas National Crime Agency says the bust at Southampton involved a box shipped in from South America
London Club claims 8% gains at P&I renewal One of the smaller mutual insurers appears to have turned the corner
Scorpio Tankers aims to cut bunker costs in fleet deal with fuel tech outfit Product tanker giant will use Fowe's emulsions system across the entire fleet
Beks Ship Management vows to fight UK blacklisting over Russia links Istanbul-based operator says it operates in compliance with all international laws and sanctions regimes
Rising offshore demand boosts DOF earnings Norwegian company sees higher Ebitda in 2024
Deal-hungry Cetus Maritime builds bulker empire in merger with Chile's Nachipa Hong Kong owner-operator expands fleet with modern handysizes built in Japan
John Fredriksen's Flex LNG fixes two-year charter extension with oil major BP Vessel will be on firm hire until the first quarter of 2027
Oldendorff in the frame as buyer of 10-year-old JP Morgan capesize Giant German operator said to be making its first capesize purchase in more than three years
Shipbuilder Hanwha Ocean swings back to black in 2023 despite fourth-quarter loss Okpo-based shipyard confident of delivering good earnings for 2024
Asian shipowners could face €1bn in EU emissions liabilities, says OceanScore Sustainability platform says companies registered in China and Singapore will bear the highest burden
Interpol taps Windward's AI to combat illegal maritime activities London-listed company seeing increasing interest from governmental agencies for its technology
Thousands of seafarers out of pocket amid 'alarming' rise of abandonments IMO database shows that hundreds of cases remain unresolved from the last 20 years
ODeX survey spots barriers to digital documentation adoption in global trade Documentation and fintech platform ODeX conducted a survey assessing the maritime industry's views on digital documentation in ocean shipping.
FMC tightens rules on charging container late fees Regulators have imposed new billing standards on ocean carriers that shippers consider a "major step" toward eliminating abuse.
How FedEx could win by losing its Postal Service business The U.S. Postal Service contract is an albatross around FedEx's neck. The company needs to fly less during the daytime and consolidate more express and ground parcel shipments, Barclays says.
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