Patriot Offshore wins 10-year Jones Act CTV contract Patriot Offshore Maritime Services, N.Y., a subsidiary of Liberty Green Logistics based in Lake Success, N.Y., reports that it has been awarded a U.S. industry defining, ten-year crew transfer vessel (CTV) services
SF Bay Ferry wins $12.5M CalSTA electrification grant San Francisco Bay Ferry reports that it has been awarded $12.5 million grant by the California State Transportation Agency (CalSTA) to bring zero-emission, battery-electric ferry service to the Harbor Bay Ferry Terminal
Associated British Ports acquires land to drive future expansion Associated British Ports (ABP) has acquired 85,000m² of land on the western side of the Port of Immingham in an off-market transaction. The acquired land is positioned with frontage to Humber Road and Rosper Road, forming an important additional step to the future expansion of the port estate owned by the UK's largest ports group. The land has a live hybrid outline planning application for up to
MT Group to build first hydrogen station in Baltic States MT Group, an EPC Contractor of European energy infrastructure projects, has signed a major contract with the Klaipeda State Seaport Authority to build a green hydrogen production and refueling station in the Port of Klaipeda. This will be the first hydrogen station in the Baltic States, with a total projected value of €10.5 million (US$11.3 million). Under the contract, MT Group will undertake th
Wallenius Wilhelmsen secures US$766 million logistics deal Norway-based car carrier operator Wallenius Wilhelmsen has entered into a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer. The new shipping and logistics agreement will launch on 1 December and is valued at approximately US$766 million in total, based on expected volumes over the five-year period. Rates are in line with current market levels and the agree
Georgia Ports records over 450,000 TEUs in September In its second busiest September on record, the Georgia Ports Authority handled 450,700 TEUs last month, translating to an increase of 12 %, compared to the same month last year. "In September, we saw front-loading of containers as customers worked to ensure cargo availability ahead of the holiday shopping season," said GPA President and CEO Griff Lynch. "I'd like to thank our customers for relyin
Visualizing Panama Canal's Impact on Global Trade The Panama Canal, a vital artery of international maritime trade, is currently grappling with significant challenges that threaten its operational efficiency and economic viability. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Lila Global sells boxship United Arab Emirates-based Lila Global is halving its container arm, selling an 18-year-old, 1,118 teu containership named Lila Canada for a price brokers put in the low $6ms. The feeder has changed hands a number of times in recent years. It was added as Valencia Elizabeth last year. Prior to that it was called Songa ...
RATS, bots and reverse proxy phishing: why cyber criminals have shipping in their sights Attackers are using ever more sophisticated approaches to infiltrate a sector that is increasingly within reach, writes Nicolas Furgé, president of digital at Marlink. Cyber risk is seen by many as a fact of life but for a long time, the shipping industry's comparative isolation from threats was its greatest advantage. Small volumes of low ...
Wallenius Wilhelmsen bags $766m transport deal Norwegian car carrier operator Wallenius Wilhelmsen has entered into a five-year agreement with an unknown client described by the company as an agriculture, forestry, and roadbuilding equipment manufacturer. The new multi-year shipping and logistics agreement is a renewed deal and will begin on December 1, 2024, and is valued at approximately $766m in total, based ...
KKR-backed OMS books cable layer series at Royal IHC Malaysian provider of subsea digital infrastructure solutions OMS Group has moved to expand its fleet of fibre optic cable-laying vessels with a series of newbuilds at Dutch builder Royal IHC. The Kuala Kuala Lumpur-based outfit, backed by US investment firm KKR, will see the first vessel delivered in 2027, outfitted with a cutting-edge fibre optic ...
COSCO taps Hudong-Zhonghua for boxship sextet Hot on the heels of Seaspan's order for 13,600 teu newbuilds, Chinese boxship giant COSCO Shipping Lines has signed up for six similar-sized ships at Hudong-Zhonghua Shipbuilding. The world's fourth-largest containerline has tapped the CSSC-affiliated yard for a conventionally-fuelled series delivering by 2027. The 336-m-long newbuilds will be fitted with scrubbers and energy-saving devices such
Milaha inks Qatari fibre cable system deal worth $71m A subsidiary of Qatar's Milaha has secured an EPCIC contract award for the New Fiber Link Project with the North Oil Company (NOC). Milaha said that the subsidiary, Halul Offshore Services Company, won a contract worth over QAR 262m ($71.7m). The project is supposed to significantly enhance connectivity and data transmission capabilities within Qatar's energy sector. ...
Maritime CEO Forum Monaco: Navigating extreme volatility in the 2020s Last week's Maritime CEO Forum held at the Monaco Yacht Club kicked off with a new session entitled The Big Issues in which two owners, a manager and an analyst were probed on a huge range of major topics in less than an hour by Sam Chambers, Splash's editorial director. Chambers, who started covering shipping ...
Wan Hai orders its largest ships to date Taiwan's Wan Hai Lines continues to expand its newbuilding orderbook with eight 16,000 teu vessels booked in South Korea-the biggest boxships the company has ever ordered. The world's 11th largest containerline, which had ordered around 40 ships during the box shipping boom of 2021 and 2022, has contracted Samsung Heavy Industries and HD Hyundai Samho ...
US town opposes Avangrid's offshore wind project landing US Iberdrola subsidiary Avangrid is facing stiff opposition over the company's proposal to land New England Wind 2 power cables on the beach of Barnstable, Massachusetts. The town's councillors have voted to oppose Avangrid's proposal to land the 1.8GW offshore wind project's cables on Dowses Beach arguing environmental concerns. Residents advocating against the proposal said ...
Controversial ship carrying ammonium nitrate set to discharge cargo in the UK today A controversial Russia-linked bulk carrier loaded with a potentially explosive cargo of 20,000 tons of ammonium nitrate will dock in the port of Great Yarmouth on Britain's east coast today having been denied entry at a number of other European ports over the past two months. The 37,000 dwt open hatch carrier Ruby suffered damage ...
Mitsubishi Heavy debuts satellite technology capable of tracking the dark fleet Japan's Mitsubishi Heavy Industries has debuted satellite technology that can keep track of the dark fleet across the globe. Mitsubishi Heavy has developed a device that, like other Earth-observation equipment, takes images of terrestrial objects, but unlike other satellite technology, simultaneously processes that visual data using artificial intelligence. The satellite-mounted detector, called
South African crewing firm launched EQ8 Crew has been launched in South Africa, aiming to create a market for South African seafarers. The shareholders of Noatun Maritime, Carl Martin Faannessen and Jøran Nøstvik, have forged a partnership with EQ8 Recruit, a maritime recruitment consultancy. Noatun is best known for its Filipino crewing background. Africa is being discussed more and more ...
Taylor Maritime offloads four bulkers London-listed Taylor Maritime Investments (TMI) has revealed sales of four of its vessels for a total of $65.5m. The Ed Buttery-led bulker outfit said in a trading update it had agreed to offload four unnamed 28,000 dwt to 38,000 dwt handysize vessels built between 2008 and 2020 during the third quarter. The company's fleet stood ...
Bulk commodity shipping faces lacklustre demand growth, end to disruption upside Longer routes due to the Russia-Ukraine war and Red Sea crisis will remain in place, but voyages are unlikely to...
Bulker reports multiples explosions in Red Sea A bulker carrier has reported three explosions in close proximity while transiting the Red Sea. The incident is the first...
Daily Briefing NOx regulations are not working, raising doubts over future fuels policy | French politicians back plan for permanent windfall tax...
NOx regulations are failing, raising doubts over future fuels policy While the industry focuses on reducing CO2, the failure of previous attempts to regulate NOx should serve as a salutary...
French politicians back plan for permanent windfall tax on CMA CGM Boxship giant will pay up hundreds of millions of euros in 'patriotic spirit' provided measure is temporary, Rodolphe Saadé says
The week in charts: Container shipping rates show signs of life | Black Sea attacks threaten global food security | Greece-owned ships are top Houthi target The Shanghai Containerized Freight Index increased 6% versus the prior week, its largest weekly gain since late June; attacks on...
US retail inventories overshoot sales by $26bn US retail inventories are overshooting their post-financial crisis trend. This could foreshadow a slowdown in box demand
Bean confirmed as London Club chief executive Club is seen as being on the mend after a sharply improved technical result and boost to entered tonnage
Seafarers enjoying the longer voyages round Africa Seafarers on ships shunning the Red Sea are receiving more downtime and training, boosting morale, according to The Mission to...
Shipowner TMI cashes in on 'historically high' bulker values TMI successfully completed its acquisition of Singapore-based Grindrod in August 2024 and continues to reduce its debt as it takes...
US sanctions architect: 'We can't sanction dark fleet by ourselves' Daleep Singh, the deputy national security adviser for international economics, suggested that not all dark fleet* tankers circumventing sanctions on...
Ports given guidelines to tackle modern slavery and smuggling Ports should confirm their targeting model and map their supply chain to identify potential modern slavery cases, the report said...
Ruby to tranship ammonium nitrate at Great Yarmouth The damaged bulker will tranship 20,000 tonnes of ammonium nitrate will to another ship, then proceed to drydock for repairs
Wan Hai doubles down on methanol with orders for eight neo-panamax boxships Move comes despite wavering industry confidence in methanol as an alternative fuel, following Maersk's shift in its stance on using...
Union reiterates safety concerns after subcontractor dies at Hyundai Heavy yard Tragedy comes after the Federation of Korean Trade Unions already confirmed 18 fatal accidents at various shipyards across South Korea...
Cosco strengthens orderbook with more boxships from Hudong-Zhonghua Cosco's orderbook has been further expanded, narrowing the gap with its larger rival and partner in the Ocean Alliance, CMA...
Offshore project delivers Virginia cargo windfall The Port of Virginia is enjoying a 372% surge in breakbulk cargo volumes thanks largely to handling cargo shipments supporting a 2.6-gigawatt offshore wind project.
Automation key to improving broker efficiency metrics: experts Some freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.
Zim's restructured Med-US services add transshipment options By reworking two trans-Atlantic connections, Zim will offer new port coverage in Italy and Turkey while also offering more ways to connect with South America.
Intra-Asia container rates rebound on typhoon-tightened capacity Forwarders say intra-Asia pricing is strengthening amid congestion-based blank sailings and strong demand, and carriers are marshalling another round of peak season rate increases.
Oilfield services titans shift focus to gas, deepwater developments The decline in oil prices has prompted diversification of projects for Baker Hughes and SLB.
ILA, USMX to resume talks on new master contract in November Maritime employers and the longshore union representing dockworkers along the US East and Gulf coasts will restart negotiations in New Jersey next month, with automation the main issue at hand.
Acquisitive eyes turn to next Middle East offshore shipping takeover after Greeks muscle in M3's Robert Day identifies Vortex Offshore as a likely target in changing sector
Greek bulker reports explosions as Houthi menace on shipping reawakens Incident reported by Reefer & General ship is the first Houthi attack reported in more than two weeks
Higher charter rates and vessel sales drive up Wintermar profit Offshore company says average charter rates were up 23%
Israel's 'relatively contained' missile strikes on Iran could boost tanker sentiment US analysts join research chorus seeing opportunity in 'oversold' public tanker equities
Higher charter rates and vessel sales drives up Wintermar profit Offshore company says average charter rates up 23%
'Less usual' demand drivers could come into play for tankers, says shipping investor Gersemi Joakim Hannisdahl-led fund sees floating storage business as a potential boost for the sector
Yieldstreet strikes deal to end class action lawsuit over ship recycling finance losses The settlement will see digital investment company pay $6.2m and forgive $2.75m in fees
Viewpoint: Battle over Seanergy tests whether the Marshall Islands could become uninvestable Court case could determine whether republic retains its status as a popular offshore jurisdiction for IPOs, corporate governance expert says
Equinor forges 'industry-defining' charter with Liberty Green for wind project Patriot Offshore unit to build second crew transfer vessel at US yard
Kuwaiti aframax ships first petrol cargo from giant new African refinery Potential new export route to Europe could compensate for reduced tanker imports into Nigeria
'Loud and public' analyst downgrades have hurt tanker share prices, investor Joakim Hannisdahl says Gersemi Asset Management principal stays bullish on sector prospects over the next two to three years
'Not so far-fetched': ABS looks at nuclear-powered LNG carrier Study of first concept for the sector finds potential pitfalls - and payoffs
New Fortress offshore LNG plant begins producing at full capacity Third shipment waved off on board BW Pavilion Leeara, company says
Wan Hai Lines inks $1.6bn order for methanol dual fuel neo-panamax container ships Eight vessels of 16,000 teu to be built in South Korea and will be Taiwanese operator's largest-ever ships
'No photos': German ship 'carrying Israeli explosives' seen docked in Albania Police deter reporters from covering apparent berthing of controversial Kathrin
Wallenius Wilhelmsen books big high and heavy contract as renewal push rolls on Oslo-listed owner has significant amount of its backlog up for renewal this year
New Fortress offshore LNG plant starts producing at full capacity Third shipment waved off onboard BW Pavilion Leeara, company says
Scorpio Tankers could surprise on rates with stock valuation weaker, Fearnley says Investment bank slightly behind consensus on earnings but Q4 booking expectations could be too low
Clarksons Securities slashes 2025 tanker rate forecasts on weaker demand and says stocks are too cheap Investment bank believes stock market valuations are still too conservative
Color Group hires five banks for bond refinancing Owner says outlook for 2024 is expected to be in line with previous year
Money talks: Newbuilding ownership now concentrated in fewer hands, Clarksons says Shipping may still be a fragmented sector, but a smaller number of companies is leading investment in new vessels
Russia provided ship target data to Houthis to back deadly Red Sea campaign, intelligence sources claim Report says Putin regime has aided Yemeni rebels' attacks
Asia Pacific Shipping extends newbuilding spree to $1bn with stainless steel chemical tankers Vietnamese company has ordered 15 newbuildings this year
'Power of China': Cosco Shipping inks six new container ships at domestic shipyard in RMB deal Liner shipping giant opts for conventional fuel
George Procopiou's Dynacom Tankers tied to sale of tanker trio at healthy price Ice-class vessels said to be sailing into fleet of Middle Eastern buyer
Damaged bulker bearing potentially explosive Russian cargo to unload in UK after two-month odyssey Crew's ordeal set to end as Great Yarmouth agrees to take ammonium nitrate from the Ruby
Dockworkers expand strike at Montreal port Canada's second-busiest port is bracing for another protest by 1,200 longshore employees who have been refusing overtime work since Oct. 10.
Gulf Coast ports post sluggish cargo movements in September Ports in Houston and Corpus Christi posted modest gains in freight movements during September, while the Port of New Orleans saw mixed results.
Zim adds new Mediterranean-US East Coast direct services Zim Integrated Shipping Services is restructuring its Cross-Atlantic services connecting Mediterranean ports with North and South America.
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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