USMX seeks NLRB intervention as port strike looms With a threatened Maine to Texas port strike on October 1 getting ever nearer, the employers organization, the United States Marine Alliance (USMX), today filed with the National Labor Relations Board (NLRB)
Damen to build two new fully-electric ferries for City of Toronto Damen has signed a contract with the City of Toronto for the delivery of two fully-electric ferries. They will operate between the Jack Layton Ferry Terminal in downtown Toronto and the Toronto
Impact of Used Vehicles on Logistics Efficiency Could used vehicles still have some kind of purpose when it comes to logistics? This might be the question that many in the business realm ask all the time. Especially when part of their business model is using delivery services to get the products requested by customers to the intended destination on time. Vehicles with much more mileage than newer ones might face its challenges - such as concer
USEC strike to paralyze global shipping industry: One-day strike would take five days to clear The potential strike on all United States East Coast and Gulf ports is expected to cause severe disruptions in the global supply chain, creating a major headache for shipping stakeholders worldwide. With operations at 36 major US ports-handling 40-50% of the nation's imports and exports-facing a potential shutdown on 1 October, the global shipping industry is on edge. "If the strike does occur, w
MSC moves 390-tonne hydraulic hammer from Rotterdam to Singapore MSC has successfully transported a 390-tonne hydraulic hammer from Rotterdam to Singapore, marking the heaviest cargo the company has ever handled. Measuring 25.7 meters in length, 4.55 meters in width, and 4.82 meters in height, the hammer arrived in Singapore in early August and will be used to install foundation poles for an offshore wind farm, supporting South Asia's energy transition. This c
Gulf ports to keep facing challenges due to Red Sea crisis A gloomy picture looms on the horizon for the Gulf ports' performance, as the disruptions in the Red Sea continue unabated. Saudi ports experienced a notable increase in container handling in the 2023 fiscal year, with over 5 million TEUs processed. This growth was mirrored by an improvement in Saudi Arabia's ranking on the World Bank's Logistics Performance Index (LPI), moving up 17 positions to
Sea-Intelligence sees uncompetitive ETS cost in 2025 for Ocean Alliance The European Union's Emissions Trading System (ETS) acts as a de facto carbon tax for shipping within the European Union (EU). All vessels operating within, to, or from the EU are required to pay a carbon emission tax, which applies to 100% of emissions for voyages between two EU ports and 50% of emissions for trips between an EU and a non-EU port. In addition, to optimize ETS savings, vessels sh
Wallenius Lines acquires two Ro-Ro cargo ships Wallenius Lines has acquired two Ro-Ro cargo ships, Thuleland and Tundraland, from Baltic Container Shipping as part of its ongoing strategy to expand through both new vessel construction and the acquisition of second-hand ships. These vessels are currently operated by WALLENIUS SOL, a joint venture between Wallenius Lines and Svenska Orient Linjen, to bolster sustainable infrastructure in the Gu
Software glitch heavily disrupts Chittagong port operations A software malfunction of Bangladesh's customs authority has halved export-import activities in Chittagong Port during the last five days after the National Board of Revenue (NBR) updated its online system at the weekend. Most of the customs officials, shipping agents, C&F agents, and people involved in the export-import trade have been failing to enter the online system, submit data, bill of lad
Yang Ming exploring various ways to make fleet more energy-efficient Taiwanese mainline operator Yang Ming Marine Transport is exploring various ways to procure more energy-efficient ships. Speaking at a press conference on 25 September, Yang Ming president Cliff Pai said these include purchasing vessels already on long-term charter. The company is exploring more newbuilding orders and will also retrofit some ships to be dual-fuelled. Due to carbon emission reduct
MSC establishes new container terminal at Port of Aarhus Denmark's Port of Aarhus has signed an agreement with MSC for the lease of land, where the world's largest container shipping company will establish a new box terminal. Terminal Investment Limited (TiL), MSC Group's container terminal operator, will move into the Omniterminal, which is currently being finalized. Thomas Haber Borch, CEO of Port of Aarhus, commented, "We are pleased that MSC Group
MOL, Dryad Global enter into multi-year partnership Dryad Global, a provider of risk intelligence, maritime security, and cyber protection solutions, announced a multi-year contract with Mitsui O.S.K. Lines (MOL), one of the world's largest shipping companies in the world. MOL, a long-standing client of Dryad Global, has strengthened its partnership with this new agreement, incorporating Dryad's flagship Secure Voyager Hub as a key solution for MO
August loaded imports register double-digit growth in Oakland The Port of Oakland's loaded container volume continues its steady month-over-month growth, with a 5.4% increase in August compared to the same month last year. Loaded imports saw a significant 14.9% rise, totalling 83,272 TEUs in August 2024, up from 72,481 TEUs in August 2023. "This growth reflects the ongoing surge in demand from U.S. manufacturers for products from Asian suppliers," said Port
Hapag-Lloyd announces rotation update on South America East Coast Service German ocean carrier Hapag-Lloyd has announced changes to its South America East Coast (SEC) Service. Starting on 27 September, Hapag-Lloyd's SEC service port rotation will be updated as follows: New York (US) - Philadelphia (US) - Charleston (US) - Jacksonville (US) - Port Everglades (US) - Santos (Brazil) - Buenos Aires (Argentina) - Rio Grande (Brazil) - Itapoa (Brazil) - Rio de Janeiro (Brazi
South Carolina Ports reopens Leatherman Terminal South Carolina Ports (SC Ports) announced the reopening of the Leatherman Terminal. Starting on 26 September at 8 a.m. (local time), SC Ports will restart operations at the Leatherman Terminal gates to receive containers, in preparation for a significant weekly Asia service launching early next month. Israeli ocean carrier ZIM is set to introduce its ZCP service at Leatherman Terminal, offering s
Container shipping braces for rate collapse Colossal levels of newbuilding, waning demand and a discontented and resentful customer base is a recipe for a run on rates that had been expected last year but is now predicted to be only marginally affected by a United States East Coast port strike. Global Shippers Forum (GSF) director James Hookham will tell a FIATA World Congress in Panama today (26 September) that shippers have had enough an
Thessaloniki Port boosts financial figures in 2024 H1 Thessaloniki Port Authority recorded consolidated revenue of €48.4 million for the first half of the year, translating to a significant 17.3% growth year-on-year. All key business units at group level, showed revenue increase, according to the port authority: The container terminal posted a significant revenue increase of 16.7% to €34.3 million. The conventional cargo terminal grew by 20.7% to €1
Ports preparing for USEC strike, carriers introducing surcharges Less than five days remain before the ILA's current contract expires and, most likely, a large-scale strike begins. The ILA and USMX have not met face to face since June and remain far apart on key issues like wage increases and port automation. Multiple shipper associations have reached out to the White House asking it to intervene. The vocally pro-union administration has stated that it does no
Euronav sells suezmax brace Belgium's Euronav is shipping out two of its ageing suezmax tankers as part of the company's fleet rejuvenation. The Alexander Saverys-led dual-listed shipowner has sold the 2006-built Statia and 2008-built Sapphira to a wholly-owned subsidiary of Compagnie Maritime Belge (CMB), Bocimar, in a deal that is expected to generate a capital gain of $61.38m. The ...
SU Navigation vessel joins SNAPS tanker pool The Stolt NYK Asia Pacific Services (SNAPS) pool has expanded with the addition of a chemical tanker from Singapore-headquartered SU Navigation. The 2023-built, 12,555 dwt Sun Mercury is the latest vessel to join the pool. Stolt Tankers said that the agreement for the vessel to join demonstrated the strategy of pursuing asset-light fleet growth and ...
Maritime CEO Forum: 20 is the new 15 for tankers Longevity proved to be the overarching theme at this week's tanker session, which kicked off the Maritime CEO Forum held at the Fullerton Hotel in Singapore. Charterers will need to fix older ships, posited moderator Sam Chambers, the editorial director at Splash in his opening remarks. It seems inevitable, he said, that the modern tanker ...
Singapore steps up offshore wind focus Singapore has set out to expand its network with the global offshore wind sector and foster more project and innovation opportunities between the Lion City and international players in this space. Enterprise Singapore, the Association of Singapore Marine & Offshore Energy Industries (ASMI) and the Global Wind Energy Council (GWEC) have signed a memorandum of ...
Suardiaz targets offshore wind with fresh vessel acquisition Spanish shipping group Suardiaz has bolstered its offshore wind business with the acquisition of what it describes as a subsea service vessel. The Madrid-based outfit through its Suardiaz Energy division, has been developing its offshore wind arm in recent months to offer maritime solutions and maintenance of wind infrastructures. The new 80.5-m-long DP II ship, ...
Danish-led MSC enters Maersk's backyard with Aarhus port deal Terminal Investment Limited (TIL), the ports arm of top liner Mediterranean Shipping Co (MSC), has struck a deal with Denmark's largest commercial port, Aarhus, to establish a new container terminal. The Swiss-based liner giant, led by the Danish CEO Søren Toft, will move into the port's Ominterminal area, set to be fully developed by 2027, ...
OFAC takes aim at 'illicit shipping Syrian magnate' The Department of the Treasury's Office of Foreign Assets Control (OFAC) in Washington DC has sanctioned more than a dozen entities and vessels for their involvement in the shipment of Iranian crude oil and LPG to Syria and East Asia on behalf of the Islamic Revolutionary Guard Corps-Qods Force and Hizbollah. Among the vessels sanctioned ...
UN celebrates 50th anniversary of the adoption of SOLAS Today marks the United Nations-backed World Maritime Day which this year has a focus on safety at sea celebrating the 50th anniversary since the adoption of the International Convention for the Safety of Life at Sea (SOLAS) - the world's most important treaty for the safety of merchant ships, something that can trace its origins ...
Havfram scores more German offshore wind farm work Norwegian contractor Havfram has been awarded a contract by Vattenfall and BASF for work on their Nordlicht offshore wind farm cluster. The Nordlicht wind farm zone, located 85 km north of the island of Borkum in the German North Sea, consists of two separate sites - Nordlicht I, with an expected capacity of 980W, and Nordlicht ...
RWE to help develop Portuguese port into floating wind logistics hub German utility RWE has signed an agreement with the Port Authority of Setúbal to adapt the port's infrastructure and turn it into a floating wind energy hub. The port, located south of Lisboa, will become an important industrial hub for the marshalling, assembling, and deploying key components for large-scale floating offshore wind projects. Portugal has ...
CLdN branches out into new container segment Luxembourg-headquartered CLdN is entering a new sector, tapping Hyundai Mipo in South Korea to build 10 load-on/load-off (lolo) container vessels which will start to deliver in early 2027. The newbuild ships will have a cargo capacity of 1,100 teu and will complement CLdN's fleet of more than 30 roro vessels. Earlier this year, CLdN introduced ...
Austal to build French cargo trimaran French company VELA has raised another $43m as it gears up to order a pioneering sailing cargo trimaran in Australia. "Together, we are entering a new era where capital serves the green revolution. This sailing cargo trimaran symbolises our vision of a world combining innovation, sustainability, and humanity," said Michael Fernandez-Ferri, managing director and chairman ...
Solar, wind and nuclear power to the ports Dr Will Beer, owner of environmental consultancy, Tunley Environmental, on shoreside carbon reduction strategies. What fast track renewable power options are available to ports to lower their carbon footprint and long term energy bills? Many ports are grappling with this complex issue especially with funding available in the US via the Inflation Reduction Act and ...
One in three seafarers charged illegal recruitment fees A new study of seafarers has found that almost a third (31%) have been asked to pay a recruitment fee to secure a job onboard a vessel. Study findings by the Institute for Human Rights and Business (IHRB) and maritime recruitment platform TURTLE mirror those from 2023, showing that charging recruitment fees - illegal under ...
Daily Briefing Container and dry bulk shipping stocks are outpacing tanker shares | High costs and sanctions fears throw up roadblocks for...
First tanker arrives in Houthi-controlled Hodeidah port since July air strikes A 14,895 dwt combined chemical and oil tanker has moored at the port of Hodeidah, the first vessel set to...
Damaged Ruby bulker is not at risk of exploding, insist Norwegian inspectors The Norwegian Maritime Authority said it would not have let the ship leave Norway - nor let its inspectors on...
IMO unlikely to make levy decision at MEPC82 Discussions during the IMO's GHG working group once again demonstrated the gap between states on the question of adopting a...
HD Hyundai Heavy wage talks stall as union rejects latest offer South Korean shipbuilder stated that the partial strike has had a limited impact on production. The union said it has...
UK follows in US steps with fresh sanctions against five LNG carriers The UK is moving in lockstep with the US as the allies push to choke off Russia's flagship Arctic LNG...
Tanker sale and purchase market subdued as high prices discourage investors The confluence of high vessel asset values and softening freight rates has created a challenging environment for potential buyers of...
High costs and sanctions fears throw up roadblocks for China's Russian oil imports Eroded discounts of Russian grades amid poor refinery margins in China and increasing compliance risks are creating headwinds
Schoeller and Deutsche Offshore Schifffahrt enter offshore energy market with newbuild quartet Huangpu Wenchong said with the ordering frenzy in the newbuilding market, the offshore wind power sector is also showing signs...
The week in bunkers: What do marine fuel suppliers expect from MEPC82? Bunker suppliers expect the IMO to improve the business case for investing in alternative fuel infrastructure, as the sector would...
Some 31% of seafarers asked to pay illegal recruitment fee, study finds A new study, authored by The Institute for Human Rights and Business and maritime recruiter TURTLE, has found that nearly...
MSC to challenge Maersk with new Aarhus terminal The existing container terminal is operated by APM Terminals, Denmark-based AP Moller Maersk's terminal-operating subsidiary
IMO marks 50 years of Solas on World Maritime Day IMO secretary-general said the industry can be "proud of the crucial role this convention has played" in protecting lives at...
Weeklong ILA strike would tie up about 2% of global shipping capacity: HSBC The global bank also said in a report that West Coast ports would only be able to handle less than 20% of cargo diverted from the East and Gulf coasts, while Mexico and Canada would offer almost no relief.
PNW ports say ready for strike-linked cargo diversions from East, Gulf coasts Pacific Northwest ports and their terminal operators say they are positioned to handle an extended period of discretionary cargo diversions if a strike by ILA dockworkers begins next week.
USMX tries to force ILA back to contract talks with NLRB complaint Ocean carriers and marine terminals allege the International Longshoremen's Association is violating US labor law by refusing to return to contract negotiations that haven't been held since June.
Trucking races to prepare as deadline for ILA port strike draws near Drayage and trucking firms say they are busy pulling containers from East and Gulf coast ports, sending them across the US on rail networks while locating storage space ahead of the Oct. 1 strike date.
Proposed US fentanyl crackdown aims to inspect all ships for synthetic drugs Bill seeks to tackle smuggling across road, rail, marine and aviation
Shipbrokers 1, AI 0: the score from Miami Beach as ASBA panel leans old school Chartering men show loyalty - or maybe just that they can read the room at ASBA
Capesize rates leap to 12-week high as typhoon cuts efficiency in Asia and Vale buoys Atlantic Fixtures keep rates strong in South America to Europe trade
AI helps crews grow fresh vegetables at sea. Green fingers optional Israeli start-up Agwa saw huge demand for self contained grower units as managers focus on crew welfare
DNV snaps up British digital security firm CyberOwl Shipowners facing increased cyber-security rules from classicication societies - and society at large
US more likely to wield carrot than stick in carbon reduction protocols
VLCC spot earnings tumble for fourth day as Pantheon tanker fixed at lower rate Middle East Gulf market pulls average spot rates downward
Tankers face lukewarm winter amid rising orderbook and intra-sector competition, says Kpler Near-term outlook may not be as rosy as some owners suggest
Europe's first carbon capture and storage project Northern Lights is ready to roll Delegates gather for seminar to celebrate milestone with first LCO2 carriers due for delivery next month
Blystad and Borealis pounce as Easterly Clear Ocean flips chemical tankers at a profit US investor will likely have made $20m after selling 15 and 16-year-old ships
UK sanctions five ships in new crackdown on Russian LNG trade Listings mark the first time that Britain has targeted individual LNG carriers
Beleaguered aframax shipowners given lifeline as Libyan factions strike deal that could end export impasse Fearnley Securities says agreement on central bank governor could see Libyan production resume, lifting rates
Clarksons drafts Petrobras chartering boss to lead new deep-sea tanker team in Brazil Bruna Carvalho de Lima brings 18 years of worldwide shipping experience
US Navy mulls commercial tanker charter to replace damaged veteran vessel Refuelling ship Big Horn suffered water ingress after grounding or hitting underwater object in Middle East
Shadow fleet losses take a toll on V.Group as red ink rises UK manager also says it has refused to work with companies operating 'lower-standard' vessels
Poten & Partners parent BGC Group in talks to buy Oil Brokerage Companies likely to remain separate as they are very different entities
Seafarers face five years behind bars for calling into Crimea port Small cargo ship said to have visited Russian-occupied Sevastopol in breach of Ukrainian law
'Illicit shipping Syrian magnate' in US sights as new sanctions take aim at Hezbollah and Iran Chinese ship manager and registered owner of two VLCCs also placed on Treasury list
Arlie Sterling hits US beach with a cabana full of carbon credits and some thanks to Europe Fears that EU Emissions Trading System might dampen demand for carbon credits appear unfounded
Purus doubles down on ammonia carrier bet with order at HD Hyundai Mipo UK owner confirms deal for medium-size vessels to bring orderbook to six ships
Greek shipbroker Seaborne spreads its wings with Singapore office led by new hire from Howe Robinson Athens shop's first branch abroad will be led by former Howe Robinson Partners broker James Porter
Cargo ship ended up wedged across UK river after pilot over-corrected course UK accident report says concentration may have lapsed after two-hour stint on bridge
Seafarers face five years behind bars over Crimea grain theft claims Officers face up to five years in prison for calling at Russian-occupied port
Purus doubles down on ammonia carrier bet with order at Hyundai Mipo UK owner confirms deal for medium-size vessels to bring orderbook to six ships
Tankers set for short-term boost as Saudi Arabia signals end to production cuts The kingdom is abandoning a $100 per barrel price target
Damaged bulker with explosive cargo anchors off UK as ship banned by flag state Malta Open-hatch ship remains laden with 20,000 tonnes of potentially explosive ammonium nitrate
Richard Fulford-Smith names new CEO at Affinity as succession plan revealed Founder and managing partner prepares to shift gear in company he founded 10 years ago
Tufton Oceanic Assets hands $58m to shareholders as profit soars UK shipping fund boosted by asset value rises and operating performance
Stolt Tankers and NYK add new Japanese partner to expanding chemical tanker pool SU Navigation follows Eneos Ocean in adding to the power of the SNAPS operation
Saverys family's CMB buys Euronav tankers acquired in Genmar takeover Clan's private company takes on two ageing suezmaxes as public vehicle continues to shed non-eco ships
Evalend Shipping tied to Hengli VLCC resales at eye-catching price Kriton Lendoudis becomes the second Greek owner to swoop on Hengli resale tonnage in five months
Can shipping and miners keep up as energy transition supercharges copper demand? Niche trade will become all the more important as electrification and renewable energy projects take off
Navios Maritime stacks orderbook with two more container ships It now has a total six 7,900-teu boxships on order at HJ Shipbuilding
'I felt betrayed by the maritime industry': Seafarers speak out on illegal recruitment fees Shipping companies and cargo owners must be made aware, Institute for Human Rights says as practice becomes 'endemic'
Jacksonville Port Authority braces for Hurricane Helene, possible ILA strike As Hurricane Helene inches closer to Florida and a possible strike looms over East and Gulf Coast ports, the Jacksonville Port Authority has provided a weather and labor update.
Former Polar Air Cargo executive sentenced to 6 months for fraud A high-level executive at a prominent air cargo company was sentenced to prison for defrauding the company.
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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