Wallenius Wilhelmsen increases the size of four giant Shaper class ships Wallenius Wilhelmsen has announced that four of the twelve Shaper Class car carrier vessels currently on order for it at China's Jinling Shipyard (Jiangsu) will be increased in size. Already larger than
NTSB: Incorrect lineup led to tugboat strike on Hylebos Bridge fender system The National Transportation Safety Board has released its report on an October 2023 incident in which the deteriorated fender system protecting the Hylebos Bridge in Tacoma, Wash., was damaged beyond repair last
Navy awards Ingalls $9.5B in amphibious ship contracts Naval Sea Systems Command (NAVSEA) reports that the Navy has awarded Huntington Ingalls Industries, Ingalls Shipbuilding Division amphibious ship procurement contracts totaling $9,472,132,620. They cover the procurement of one America-class amphibious assault
How to Reduce the Cost of Importing in 2025 As interest rates start to fall, 2025 could be set to be a great year for importers and SMEs. Lower borrowing costs mean more opportunities for businesses to expand and invest in their supply chains. However, to truly capitalize on this favorable economic climate, importers must pay close attention to the hidden costs that come with importing goods. One of the most significant expenses is currenc
Wallenius Wilhelmsen upsizes four vessels on order to world's largest Scandinavian shipping company Wallenius Wilhelmsen has announced that four of the twelve Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 to approximately 11,700 CEUs. The vessels will be the largest Pure car and truck carriers (PCTCs) in the world and are expected to play an important role in reducing the cost of the company's net-zero
Why Boston is the Hub for Creative Video Production? Boston has been paved with a history of filmmaking since the early 1950s (Source: ICA Boston) . It has an interesting blend of vintage aesthetics and new-world technology. This has put Boston in the limelight as a backdrop for many films and commercials. Boston is a breeding ground for creativity. It is home to many famous directors and cinematographers. It is the home of many top-tier film schoo
Red Light Therapy 101: Learn the Basics of Red & Near Infrared (NIR) Light Traditionally, treatment options used to range from over-the-counter medications to physical therapy. In some cases, surgery is the solution for a certain condition. However, did you know that red light therapy has proven to be a great non-invasive alternative to many conditions? Red light therapy treats various conditions that affect your skin to even reduce pain. What started as one of NASA's w
Duvenbeck Group partners with Farizon to electrify European logistics During the IAA TRANSPORTATION 2024 fair in Hanover, Germany, the Duvenbeck Group finalized a strategic partnership with Farizon New Energy Commercial Vehicle Group. The agreement, inked by CEOs Hakan Bicil of Duvenbeck and Mike Fan of Farizon, focusses on enhancing the deployment of battery-powered electric commercial vehicles across European logistics operations to foster a sustainable business
Panama Canal upgrades Maritime Services Tariffs section The Panama Canal Authority released a revamped section for its Maritime Services Tariffs , providing updated and detailed information about toll rates and maritime service costs at the Panama Canal. The updated section includes a comprehensive list of current toll and maritime services tariffs, available in a drop-down format with a downloadable option. Additionally, there is a Maritime Services
Georgia Ports Authority increases Brunswick port's capacity Georgia's Port of Brunswick is expected to add 50 additional acres (200,000 m²) of paved vehicle storage at Colonel's Island Terminal. The Georgia Ports Authority (GPA) Board approved the measures at its meeting on 24 September. The infrastructure expansion is expected to allow GPA to more efficiently accommodate increased trade crossing the docks at Colonel's Island. "The combination of space to
Victoria International Container Terminal reaches 5 million TEUs Victoria International Container Terminal (VICT), International Container Terminal Services, Inc. (ICTSI)'s fully automated container handling facility in Australia's Port of Melbourne, has reached the five million TEU mark since commencing operations. "Since opening our doors at Webb Dock in 2017, VICT has been dedicated to continuous improvement, investing heavily in innovative technology, the
CLdN branches out into LoLo segment with new ship order Luxemburg-headquartered logistics provider CLdN has ordered 10 newbuild load-on / load-off (LoLo) container vessels. The delivery of the newbuildings is expected to begin in January 2027. The newbuild ships will have a cargo capacity of 1,100 TEUs and will complement CLdN's fleet of more than thirty roll-on / roll-off (RoRo) vessels. They will also be equipped with an open-top design to allow red
Eastern Mediterranean ports face challenges due to Red Sea disruptions Disruptions in the Red Sea contributed to declines in the connectivity of Eastern Mediterranean ports, a region highly affected by the Houthis attacks, as the Suez Canal and Bab el-Mandeb straights are connected to the maritime routes crossing some major ports in the region. The analysis took into consideration the ports of Piraeus, Limassol, Ashdod, Mersin, Port Said, Alexandria and Mersin, and
HMM purchasing five container vessels from Capital Group South Korea's flagship carrier HMM is in the process of buying five 5,000 TEU ships that it had been chartering from Capital Clean Energy Carriers Corporation (CCECC). Evangelos Marinakis' CCECC announced on 23 September that it sold Hyundai Paramount, Hyundai Platinum, Hyundai Premium, Hyundai Prestige and Hyundai Privilege. The sales price was not disclosed, although CCECC expects to book a gai
USEC port strikes to cause major supply disruption into 2025 - Government intervention needed Ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain disruption into 2025, with analysts warning government intervention may be required to avoid major economic fallout. A total of 36 ports are preparing for a complete stoppage if a new deal cannot be agreed with the International Longshoreman's Association (ILA), which represents 85,000 port work
Shoreline cleanup action at port of Oakland The Port of Oakland joined its partners to celebrate California Coastal Cleanup Day on Saturday, 21 September, by organizing volunteers to remove litter from the shoreline. The event was held in conjunction with Oakland Creek to Bay Day at two locations: Middle Harbor Shoreline Park (MHSP) in the heart of the Oakland Seaport; and East Creek Slough which is part of Martin Luther King Jr. Shoreline
Veson Nautical introduces upgrades tool for freight management Maritime freight management solutions provider Veson Nautical has announced the launch of IMOS X, the new user experience for the IMOS Platform. With the initial workflows available in IMOS X, industry stakeholders can view real-time, reliable data within their decision-making processes, including voyage, cargo, port call, and claim data. John Veson, Co-Founder and CEO at Veson Nautical, noted th
Samsung Heavy Industries, Lloyd's Register sign ammonia-fuelled boxship agreement Samsung Heavy Industries (SHI) and Lloyd's Register have signed a joint development project (JDP) for approval in principle (AiP) for an ammonia-fuelled 9,300 TEU container ship. Under the agreement, SHI will work with Eastern Pacific Shipping to conduct the design studies on the ammonia-fuelled container vessel and Lloyd's Register will provide the review of SHI deliverables and technical advice
Maersk updates Middle East to Europe service Danish ocean carrier Maersk has decided to make changes to its Middle East to Europe (ME2) service aiming for more consistent schedules. Maersk announced it will remove Germany's Bremerhaven port from the service rotation with the last call in the German port expected on 11 October. "Bremerhaven will continue to be served using the Samba service and transshipping in Port Tangiers," noted the comp
Innovative CW Review: What is the future of forex trading [innovative-cw.io] Globally, forex trading is one of the biggest and most active marketplaces. Rapid technological and financial system developments make the future of forex trading bright and innovative. Innovative CW, a pioneer in forex trading tools, contributes to this future. This article discusses forex trading trends and how Innovative CW is shaping them. Technology's Forex Trading Impact Technology drives c
Transportation providers, ports brace for potential East and Gulf Coast port strike Transportation and logistics providers, port operators and regulators are warning shippers to ensure contingency plans are in place ahead of a potential strike at US East Coast and Gulf Coast ports next week. The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX), which represents terminal operators, are at a negotiations impasse over a new labor contract that wo
Foreign talent and Singapore Splash canvasses experts on how to make immigration more conducive to financial success in the Lion Republic in the latest chapter from our brand new, 60-page Singapore special. It remains one of the hot-button issues for Singaporeans - as it has been for decades - how to marry immigration laws with demographic realities. Singaporeans find ...
Wallenius Wilhelmsen boosts car carrier newbuilds to world's largest Supersizing of car carriers continues, with Norwegian operator Wallenius Wilhelmsen taking the lead with the announcement of the world's largest ever ships on order in the sector. The Oslo-listed company, which has a dozen of 9,300 ceu vessels of the so-called Shaper class firmed up for construction at China Merchants Jinling Shipyard, has decided to ...
Lomar rebrands tanker business Lomar Shipping has rebranded its product and chemical tanker business to CB Tankers, replacing the historic Carl Büttner name. The move by the UK-based maritime subsidiary of New York-based Libra Group follows the $160m acquisition of the 168-year-old German brand in 2022. The Carl Büttner group also includes the CB Maritime crewing agency in Rijeka, ...
Havfram bags German wind farm contract Norway's Havfram has signed a contract with German clean energy asset manager Luxcara to transport and install wind turbines at the Waterkant offshore wind farm in the German North Sea. The deal with an undisclosed value covers the vessel charter which will be deployed to set up 16 of the foreseen 18.5 MW turbines. Havfram ...
State of Maryland issues damning 56-page claim against Dali's owner and manager The Maryland state government has become the latest party to sue the owner and the manager of the Dali containership, a vessel that took out Baltimore's largest bridge six months ago with the loss of six lives. The lawsuit accuses owner Grace Ocean and manager Synergy Marine Group of failing to take the precautions necessary ...
Shipping off track to meet 5% zero-emission fuel target by 2030 The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030. That's according to a new report from the UCL Energy Institute, UN Climate Change High-Level Champions, and the Getting to Zero Coalition which is a Global Maritime Forum initiative), with the ...
Offshore vessels seen as best investment in shipping today Many segments in shipping are enjoying highly profitable times, however, the single best investment owners could make today is in offshore support vessels, according to a new analysis unveiled in Singapore yesterday. Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy Maritime Strategies International (MSI), gave his broad take on all ...
Where Singapore can improve its maritime offering Splash identifies areas Singapore could bolster to ensure it remains a leading maritime hub. There's never been any complacency when it comes to Singapore's maritime dominance. The authorities working with the private sector are constantly looking at areas to improve the republic's hub status, never satisfied with sitting still, acutely aware of how other maritime ...
Essberger in for up to six chemical tanker newbuilds Germany's John T. Essberger has set out to expand its chemical tankers fleet with up to six newbuilds in China. The Hamburg-headquartered company has contracted two firm 13,000 dwt 1A ice class units at Nantong Rainbow Offshore & Engineering Equipment with options for four more. No price has been divulged for the 132-m-long newbuilds, which ...
Who's holding up the take-up of AI in shipping? The September issue of Splash Extra leads with coverage of the Data Revolution session at this week's Maritime CEO Forum in Singapore, a panel debate that had a strong focus on artificial intelligence and machine learning, and the barriers within shipping organisations to adopt such technology into daily operations. Panellists suggested that it is not ...
Commercial teams seen holding up shipping's tech progress Commercial teams rather than their peers in technical departments are seen as stymying tech take-up at shipping companies around the world, according to a senior panel of experts on stage at Monday's Maritime CEO Forum held at the Fullerton Hotel in Singapore. The exclusive by-invite-only gathering saw four panels cover topics ranging from dry bulk ...
Your maritime conference guide "That's news to me." The reaction of one prominent shipowner in conversation with a colleague on being told he was down to speak at a well-known shipping conference in a few weeks time. The conference scene is getting back into very high gear, and here's some advice to sort out the wheat from the chaff. ...
September 2024 Review Global liners gave clients a look at container networks from next year ahead of February's alliance reshuffles. THE Alliance will become the Premier Alliance from next February, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and Mediterranean Shipping Co (MSC) helping plug gaps on Asia-Europe tradelanes. From the end of ...
Plenty of contextual volatility for tanker markets to enjoy In the semiarticulate language of social media, "what oil market doing?" has been the question to answer in the last month. The latest available stats say that global oil production in July was up 239,000 barrels per day, with non-OPEC additions of 262,000 barrels per day offsetting OPEC reductions of 23,000 barrels per day. OPEC+ ...
Ready for the Q4 bulker bump? On September 9, 2023, the Baltic Capesize Index hit a seasonal low of 997 points. From there it fizzed upwards to a peak of 3,485 points on October 9 before taking a breather then climbing to a peak of 6,582 points on December 5. This year, the seasonal low came earlier and was much higher, ...
Container rates fall despite strike threat In the US, the dockworkers' union, the ILA, aims to go on strike on October 1, while the employer group, the US Maritime Alliance, reaffirmed its willingness to negotiate on pay and conditions. Meanwhile, US retailers remain in scramble mode, rushing to fill inventory in anticipation of a supply crunch in October. The effect on ...
Analyst Abstract Dry Bulk Dry bulk rates appear to be far less volatile this year. Mapping this more calm market, Greece's Ursa Shipbrokers carried the chart below in a report entitled 'Volatility Hits the Snooze Button' which shows how for all sectors price swings have been relatively limited this year. Take capesizes for instance. C5TC volatility has ...
Bulker values show signs of decline This week, two 2013-Chinese-built panamax bulkers were sold for approximately $18m each. This marks a 10% drop compared to similar vessels sold in August, which Greek broker Xclusiv suggested indicates a shift in market sentiment. "Buyers are becoming more cautious and are negotiating for lower prices," Xclusiv argued in a report published on Tuesday. Bulker ...
How to navigate black swan events Shipping supply is measurable and predictable and generally analysts feel most sectors are in a good place for the next two to three years. But wars and canal disruptions, a China slowdown and Indian growth are the unknown knowns and require more thought. , invest in the future and prepare ...
Two injured as drone hits Israel's Eilat port A UAV that was launched from Iraq exploded in Israel's Eilat port, causing light injuries to two individuals, local media...
Container and dry bulk shipping stocks are outpacing tanker shares The US stock market is up overall from recent lows in early September prior the Fed rate decision. The fates...
US targets network linked to sanctioned Syrian sentenced to UK prison as fresh ship designations mirror Israeli warrants The US has announced fresh sanctions against two networks that shipped Iranian oil for the benefit of Hezbollah and the...
Daily Briefing Next 12 months critical if shipping is to hit zero emissions fuels target | Billions in damage claims pile up...
Enesel confirms acquisition of Itrade bulker platform Expert dry bulk teams in Germany and Singapore, led by former Oldendorff chief executive Peter Twiss, will join expanding bulker...
World steel production down for second month in a row Steel production is down again for the second month in a row. The biggest drops came from China and Russia...
China's stimulus package receives cautious welcome from shipping China's package of interest rate cuts, funding for the stock market and support for the property sector are aimed at...
Red Sea rates party ends for medium-range tankers in Pacific Poor refinery margins, falling oil demand in China and contracting global consumption of diesel and gasoil have added to supplies...
MPC Container Ships picks up Ocean Yield boxship quartet Wide-beam series are set to be handed over to MPCC in the fourth quarter. Their existing time charters to Hapag-Lloyd...
'Next 12 months critical' if shipping is to hit zero emissions fuels target A now annual report from the UCL Energy Institute, UN Climate Change High-Level Champions and the Getting to Zero Coalition...
Marine bunker demand to fall as alternative fuels gain market share Marine bunkers' share of global oil demand is set to drop in coming years, according to Opec. The oil cartel...
Terminal operators eye MPP investments Terminal operators are working more sustainably but differing reporting metrics make tracking performance hard. Meanwhile the Red Sea crisis has...
Wallenius Wilhelmsen to boost newbuilding cargo capacity by 25% Upsized 'Shaper' class newbuildings become the largest vehicle carriers ever to have been ordered. Wallenius Wilhelmsen beats rival Hyundai Glovis...
CLdN returns to Hyundai Mipo for first-ever boxship newbuildings Luxembourg-headquartered ro-ro cargo vessel operator appears to be making a big push in to the European lift-on lift-off trades. This...
Unions plan second joint strike at South Korean yards amid stalled wage talks A union official told Lloyd's List: 'So far, all shipbuilders except HD Hyundai Samho have submitted their initial proposals to...
Lomar rebrands tanker business acquired from historic German family Libra Group shipping arms aims to build on the tanker business in the future
Nereus Digital Bunkers launches new 'marketplace' for buyers and sellers Performance ratings will be a key feature, bringing greater visibility to the market and reducing risk for purchasers
FMC denies petition to delay D&D rules as creating 'greater confusion' The lobby group representing ocean carriers in issues involving containers failed in its bid to further delay new rules covering how per diem bills are handled.
Zim becomes first carrier to commit to reopened Leatherman terminal The $1 billion facility at the Port of Charleston has sat largely idle since its opening in 2021 amid a protracted dispute with the ILA over control of crane operator jobs.
Ocean carrier alliance shakeup offers varied service choices for shippers The new network designs recently rolled out by ocean carriers will present shippers with quite an element of choice, and in turn ensure strong competitive pressure among the liners, writes Lars Jensen.
Port Tanjung Pelepas operating model key to ensuring Gemini reliability goals A facility 30% owned by the Maersk terminal unit APM Terminals, it is the largest relay port in the Gemini Asia-to-Europe hub-and-spoke network that aims to redefine the concept of container shipping reliability.
More US ports reveal contingency plans as ILA strike deadline inches closer The plans come amid the increasing likelihood that the International Longshoremen's Association will not reach an agreement with the United States Maritime Alliance on a new master contract covering East and Gulf coast dockworkers.
Aframaxes find scant support as spot average sinks below $20,000 for first time since October US and Mediterranean markets are subdued, and North Sea cargoes are 'well covered'
US targets 'illicit shipping Syrian magnate' as new sanctions take aim at Hezbollah and Iran Chinese ship manager and registered owner for two VLCCs also placed on
'Tis the season': Atlantic MR spot rates slump to lowest level of the year Futures follow spot market downward as Scorpio's Robert Bugbee blames seasonal factors
MPC Container Ships hails success of upsized $125m bond issue Oslo-listed owner rakes in more than expected as five-year sustainability bond is oversubscribed
VLCC spot earnings tumble for fourth day as Hanwha fixes Pantheon tanker at lower rate Middle East Gulf market pulls average spot rates downward
US sanctioned LNG carrier transits Suez Canal after offloading Russian cargo US-sanctioned vessel heading south after transiting Suez Canal in ballast
Russian shadow fleet LNG carrier heads into Red Sea after transshipping cargo US-sanctioned vessel heading south after transiting Suez Canal in ballast
Oslo office to bear brunt of Western Bulk Chartering jobs cull Bulker operator names its new head of Pacific region
Red Sea attacks and stink bugs among 'hiccups' helping car carriers hurdle rising orderbook, says broker Broker says 200 newbuildings are needed to keep pace
Hapag-Lloyd zeroes in on 24 container ship newbuildings worth over $4.2bn Two Chinese yards picked to build swathe of LNG dual-fuelled vessels
Shipping net-zero drive in peril over slow green fuel switch, warn researchers Regulator's goal of using 5% of green fuels in marine energy mix by 2030 well off-track, says report
Houthis tapping Russia for new supersonic missiles that could hit ships within 90 seconds Rebels adding to arsenal, a year into their war on shipping
Broken bridge and a baby swing: US state brings massive claim as damages pile in over Baltimore disaster Flurry of legal claims hit the court docket as the six-month deadline for Baltimore bridge filings arrives
Wallenius Wilhelmsen upgrades newbuildings to become world's biggest car carrier Four of its 12 newbuildings now planned for a 11,700 ceu capacity
Shortsea operator giant to launch own fleet with 10-vessel newbuilding order European shortsea operator to develop its own container carrier fleet on back of ro-ro operation
MPC Container Ships confirms buying four vessels as new charters add $200m to backlog Container ships will enter into 35-month time charter with top-tier line
Art of the deal: How shipowners can bank the best price as M&A activity runs hot Wikborg Rein partner Andreas Myrstad explains how to sell a shipping fleet
Idan Ofer and Peter Livanos ink ammonia fuel initiatives in energy transition drive Shipowner has teamed up with Samsung, Hanwha Engine and MAN Energy Solutions to develop ammonia-powered boxships
P&I clubs and shipowner hire Washington lobbyist over Baltimore disaster Industry is monitoring potential changes to US liability rules in aftermath of Baltimore blockage
Lomar rebrands German tanker business two years after $160m takeover Greek group's product carrier arm will now be known as CB Tankers
BW LNG steamship emerges in the market as sales candidates set to double Surge of older tonnage expected to emerge before year's end
HMM keeps foot on growth gas with $300m purchase of five container ships from Evangelos Marinakis South Korean liner giant to retain control of quintet as it continues to spend big on fleet growth
Maersk port strike surcharge hints at higher freight rates as disruption looms Jefferies envisages rise in rates as US East Coast and Gulf Coast ports prepare for shutdown
Longshoremen port strike unlikely to hinder holiday retail season, expert says While a potential East and Gulf Coast port strike likely won't hamper the holiday shopping season, industries such as automotive and food and beverage could be negatively affected, a transportation lawyer says.
Western Global Airlines settles gender discrimination charge for $85K Freighter operator Western Global Airlines will pay $85,000 in backpay to female workers to comply with federal rules.
Lufthansa Cargo introduces environmental surcharge to meet SAF quotas Lufthansa Cargo is the first airline to apply a surcharge on shippers to help cover the cost of blending expensive alternative fuel with fossil fuel-based jet fuel.
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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