GAO to Navy: "Fix the way you do crewing" Crewing ships with an adequate number of personnel who have the right skills and experience is vital for executing missions and mitigating risks. However, says a new report from the U.S. Government
VIDEO: Massive claw is added to Key Bridge response arsenal A giant claw is the latest massive piece of equipment to be added to the resources of the Unified Command responding to the collapse of the Francis Scott Key Bridge. The claw
SAAM Towage Canada's electric twins go to work in Vancouver Now in service with SAAM Towage Canada, the SAAM Volta and Chief Dan George are the first battery electric tugs built specifically to operate in Vancouver, B.C. Built to Robert Allan Ltd's
SOHAR Port and Freezone inks agreement for the region's first LNG bunkering hub SOHAR Port and Freezone has entered into a sub-usufruct agreement with Marsa Liquefied Natural Gas LLC, a joint venture between Total Energies EP Oman Development B.V. and OQ, to construct an LNG liquefaction plant within SOHAR Port in Oman. According to the statement, this initiative is poised to significantly diminish the industry's carbon footprint, propel SOHAR as a leader in the global green
Mawani announces maiden container shipment from Jubail to Riyadh via rail To enhance connectivity between maritime and rail transport modes and boost logistics operations efficiency within the transportation and logistics system, the inaugural container shipment was dispatched from Jubail Commercial Port to Riyadh Dry Port. Utilizing the railway link connecting Jubail Commercial Port to the East Train Network, a total of 78 TEUs were transported, with the railway capab
Hapag-Lloyd increases rates from Far East to North Europe and Med Hapag-Lloyd has announced increased ocean tariff rates for Freight of All Kinds (FAK) between the Far East and North Europe, as well as the Mediterranean. This increase applies for cargo transported in 20' and 40' dry containers, including high cube equipment, and reefers for sailings commencing on 15 May. The ocean tariff rates from the Far East to North Europe and the Mediterranean include Mari
Global liner growth projections built on low volume comparisons Early projections for this year's liner shipping growth may be prejudiced by the slow growth that the global economy experienced over the past two years, making potentially distorting comparisons. Chief analyst at Xeneta, Peter Sand warned that the statistics on growth for the first two months of this year were being compared to the same period of 2023 which was a low growth period. These weak vo
Ukraine returns to Black Sea container market The first cellular container vessel called the Ukrainian Black Sea ports on 21 April for the first time after the Russian invasion of Ukraine, according to Informall BG, a Ukrainian cargo analytical company. In particular, the 2005-built, 1,118 TEU PROS HOPE, a cellular container vessel chartered by the Ukrainian company ITERIS, called the port of Chornomorsk in Ukraine, delivering break-bulk car
COSCO starts new China-Thailand service Chinese container shipping giant COSCO will launch a new service connecting major ports in China with Thailand. COSCO's Qinzhou-Thailand Service (QTS) will call at Laem Chabang (Thailand), Qinzhou (China), Nansha (China), Shekou (China), Laem Chabang. The service will turn in two weeks and will be operated by two Bangkokmax container vessels. COSCO's service commenced on 23 April with the 1,717 T
Wärtsilä and COSCO sign largest order for methanol-fuelled newbuild boxships Wärtsilä has secured a significant contract to supply methanol-fuelled auxiliary engines to twelve new container vessels. Five of these vessels are for COSCO Shipping Lines, while the remaining seven are for COSCO's subsidiary Orient Overseas Container Line (OOCL). Each vessel will be equipped with a combination of three 8-cylinder and two 6-cylinder Wärtsilä 32M engines, marking the largest orde
World Shipping Council appoints new president & CEO The World Shipping Council (WSC), representing the collective voice of liner shipping, announced the appointment of Joe Kramek as its new president and chief executive officer (CEO). Kramek will succeed John Butler, who will retire at the end of July. With a wealth of experience spanning both the maritime industry and government service, Kramek is well-equipped to assume this leadership role, acc
Hapag-Lloyd introduces first dry container tracking tool German ocean carrier Hapag-Lloyd has announced the launch of "Live Position", its first dry container tracking product. The Hamburg-based company said that customers can now have full transparency on the location of their shipments - from the start of transportation until the arrival at the destination. Hapag-Lloyd becomes the first container shipping line to introduce a fleet-wide dry container
MSC begins new shuttle service between Asia and Mexico MSC announced the launch of a new loop shuttle service, linking Asia and the West Coast of Mexico. This new service is expected to enhance MSC's network by providing increased coverage and frequency between these two regions, complementing the company's existing services Andes, Aztec, Inca and Santana. The complete rotation includes stops at Qingdao (China), Ningbo (China), Shanghai (China), Busa
HMM adopts AI safety monitoring system South Korean major ocean carrier HMM has unveiled plans to use an artificial intelligence (AI) video analysis solution, DeepEyes, to enhance safety management aboard its container ships. DeepEyes is a safety monitoring system equipped with AI video analysis capabilities, which has been designed to recognize sudden incidents such as fire, smoke, lack of safety gear among workers, and falls, and al
Gebrüder Weiss enlarges Budapest logistics center Gebrüder Weiss, a global transport and logistics company, has expanded its logistics facility in the Dunaharaszti location near Budapest. The logistics complex spans 10,000 square meters, housing offices, handling facilities, and a high-bay warehouse, aiming to increase storage capacity for its clients. Moreover, all Home Delivery services for the greater Budapest area will be centralized at this
Maersk and MSC ships suffer second Houthi attack after two weeks Houthi rebels made repeat attacks on container ships owned by Maersk and MSC, nearly two weeks after those same vessels were targeted. On 24 April, the US-flagged 2,500 TEU Maersk Yorktown was targeted, but the anti-ship ballistic missile (ABSM) was shot down by the US military. The US Central Command said that at 11:51 am Yemen time on 24 April 24, its vessel took down the ABSM that was launched
Hapag-Lloyd embraces IQAX eBL through GSBN platform The Global Shipping Business Network (GSBN), a non-profit consortium focused on facilitating sustainable global trade through digital solutions, has announced that Hapag-Lloyd will implement IQAX eBL for issuing electronic bills of lading (eBL) via its platform. This move aims to enhance efficiency, visibility, and control for Hapag-Lloyd's customers. Furthermore, this decision underscores Hapag-
Innovations in Freight Management: 6 Technologies Advancing Trucking Efficiency While the trucking industry is the backbone of the global economy, reports from 2023 have had a less-than-positive outlook. The year was marked by a freight recession that left trucking in a volatile state. As the industry gets back on its feet, the focus is firmly on improving efficiency, reducing costs, and meeting sustainability goals. Fortunately, an abundance of new technologies and innovati
Diana Shipping charters out panamax to ASL Bulk Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with ASL Bulk Shipping for one of its panamax dry bulk vessels. ASL Bulk Shipping hired the 2010-built, 81,297 dwt bulker Leto. The gross charter rate is $16,500 per day, minus a 5% commission paid to third parties, for a period ...
Sapura Energy seals five-year subsea services deal Malaysian offshore services provider Sapura Energy has been awarded a contract to provide pan-Malaysia underwater services for the Petronas group of companies and petroleum arrangement contractors. The company said in a stock exchange filing that its subsidiary Sapura Subsea Services had won the contract from PTTEP Sabah Oil, which will run until February 21, 2029. ...
Belships sells stake in Lighthouse Navigation Norwegian bulker owner Belships has divested its stake of 50% in Lighthouse Navigation against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33% of the shares in Lighthouse Navigation Management, increasing Belships' ownership to 67%. Closing of the transaction has been ...
Schoeller Holdings orders two multipurpose heavylift ships from China German owner Schoeller Holdings has ordered two 32,000 dwt heavylift multi-purpose vessels (MPVs) from the CSSC-affiliated Huangpu Wenchong Shipbuilding. The 32,000 dwt heavylift MPV duo will be the largest tonnage built by the shipbuilder at present. The vessels will be 179.9 meters long, and 30 meters wide with a draft of 15.5 meters as well ...
Allseas awarded Baltic Sea wind farm contract Swiss-based marine construction specialist Allseas has won a contract to transport and install two substations for the Gennaker offshore wind farm in the German Baltic Sea, developed by transmission operator 50Hertz. Awarded by the Dutch-Belgian HSI consortium - HSM Offshore Energy, Smulders and Iv - the contract covers the Gennaker West and East converter platforms, ...
Tidewater fixes PSV pair OSV owner Tidewater has clinched a charter deal with Belgian marine contractor DEME for a pair of platform supply vessels. The 2005-built Skipper Tide and 2011-built Troms Capella have been fixed for 180 days each. Brokers report both contracts should start on June 1, and come with extension options attached. Dayrates have not been disclosed. ...
Petrofac to suspend stock trading Energy services company Petrofac is to delay the publication of its full-year results and suspend trading as financial pressure mounts. The London-listed contractor said Monday its shares will be temporarily suspended on May 1 until its 2023 results are made public, expected by the end of May. "This development comes as the company continues to ...
Houthis strike ship with history of hauling Russian oil Aside from the Dali containership still pinned to a riverbed in Baltimore, the Andromeda Star could lay claim to being the most infamous ship of the year to date. The tanker (pictured), which was involved in a collision in the Danish Strait last month, and is a regular hauler of Russian oil, became one of ...
Removal of the Dali takes centre stage in this week's salvage operations in Baltimore After a five-week hiatus, containerships have started to call again at the port of Baltimore on the US east coast. Yesterday saw the arrival of the 2,872 teu MSC Cargo Passion III, able to navigate its way to berth through a recently opened 12 m deep channel. The ship was carrying around 1,000 containers and ...
SC Shipping orders up to 10 chemical tankers China's SC Shipping has booked up to 10 stainless steel chemical tankers for construction at compatriot China Merchants Jinling Shipyard in Yangzhou. The deal covers five firm 25,900 dwt newbuilds with deliveries from 2026 through to 2028 and five optional vessels. The parent company, Shanghai Junzheng, said in a stock exchange filing that the newbuilds ...
Hyundai Glovis earmarks $750m for six more supersized car carriers South Korea's Hyundai Glovis is set to add more ultra-large car carriers to its growing fleet. The shipping and logistics unit of Hyundai Kia Automotive Group unveiled plans to spend around $750m on six LNG dual-fuel 10,800 ceu vessels for delivery in 2028. "We decided on a ship investment plan to provide more stable maritime ...
Qatar inks world's largest single shipbuilding order in China Middle Eastern liquefied natural gas (LNG) producer QatarEnergy has signed a contract with China State Shipbuilding Corporation (CSSC) for the construction of 18 supersize LNG carriers. The newbuilds under the deal, which the Chinese shipbuilding conglomerate described as the world's largest single shipbuilding order, will be delivered by Hudong-Zhonghua Shipbuilding. The so-called Q-Max units wi
Safe Bulkers adds one more kamsarmax to orderbook New York-listed Greek dry bulk owner Safe Bulkers has agreed to buy an 82,000 dwt newbuild bulker from an unnamed Japanese shipyard with a scheduled delivery date within the fourth quarter of 2026. The vessel is designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to the reduction of greenhouse ...
MSC Aries crew to be released soon Iran will release the crew of the 15,000 teu MSC Aries containership soon, the country's foreign minister said over the weekend. The Israeli-linked ship with 25 crew onboard was hijacked on April 13 by Iran's Revolutionary Guards, just ahead of Tehran launching a missile volley at Israel. The vessel is currently anchored near three other ...
APM Terminals to invest in Nigeria APM Terminals will invest $600m in the Nigerian ports sector, the country's president, Bola Tinubu, said yesterday following a meeting with Robert Maersk Uggla, the chair of AP Moller Maersk. "We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships," the Nigerian presidency quoted Uggla ...
MSC set to stretch lead at the top of the liner rankings Mediterranean Shipping Co's (MSC) lead at the top of the liner rankings is set to stretch to record levels, according to new analysis by Danish consultancy Sea-Intelligence. It was at the start of 2022 that MSC became the world's largest liner by operated container vessel capacity, surpassing 2M partner Maersk, which had been at the ...
Temporary Baltimore channel closes as focus turns to Dali removal Authorities closed the temporary Fort McHenry channel that opened on Thursday as efforts shift to remove the Dali. The channel's...
Bulker hit by Houthis called in port controlled by the militants earlier this month Eastmed-managed Cycaldes sustained damage from a Houthi attack, UKMTO said. The militants confirmed targeting the vessel - which called in...
Container stock prices rebound as freight and charter rates rise Attacks on ships in the Red Sea continue. Diversions around the Red Sea, together with solid cargo demand, are pushing...
EU mulls Hydrogen Bank funding for maritime projects EU to hold a second auction for funding clean hydrogen production under its Hydrogen Bank as part of the Net-Zero...
Italian shipping law firm joins criticism of EU sanctions on Russia 'Shipping is a very old market and people who are a little bit too smart have always been there. The...
Insurers tell UK government that oil price cap is 'increasingly unenforceable' Shipping's P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as...
Red Sea traffic stable at new 'normal' despite spate of attacks Those not willing to accept the risk of a Houthi attack have diverted and those that remain are likely going...
CSSC Holdings forecasts minor revenue drop for 2024 amid cautious market outlook Listed arm of China's largest shipbuilding conglomerate upbeat on tankers and LNG carriers
The week in newbuildings: CSSC yard wins Mercy Ships contract China State Shipbuilding Corp's Guangzhou Shipyard International has confirmed the signing of a contract for a floating hospital with charity...
Maersk's reported $600m investment in Nigeria is news to Maersk Nigerian president Bola Tinubu claims to have secured an investment of $600m from Danish shipping and logistics giant Maersk, but...
Iran says MSC Aries crew to be released Iran's foreign minister said MSC Aries will be released, but there has been no formal announcement
CMES profits soar on tanker and bulker demand Amid improved finances, the China Merchants shipping unit has proposed an interim dividend of up to 50% of its attributable...
MSC sells fifth containership for Hong Kong Convention recycling Cash buyer GMS says that the ship recycling industry is gradually witnessing an increasing number of units being proposed for...
US lifts sanctions on Türkiye-owned Yasa tanker The tanker and its registered owner were removed from the US sanctions list
Daily Briefing Ukrainian grain exports rebound as ship arrivals near pre-war levels | Shipping swings at geopolitical curveballs on decarbonisation path: NYK...
QatarEnergy signs $5bn deal with CSSC for 18 Q-Max LNG carriers All fresh tonnage is part of the second phase of the ordering spree launched by QatarEnergy to support growing production...
Asia-Europe spot rates move higher as Red Sea crisis impacts weekly voyages The spread between spot and contract ocean freight rates has widened amid fewer voyages from Asia to Europe due to the longer transit times around southern Africa's Cape of Good Hope.
Breakbulk24: Uncertainty driving a holistic approach to project logistics: shippers Project cargo shippers are pivoting and rethinking their supply chain strategies as global turmoil becomes the norm in a post-pandemic breakbulk market.
Cooperative chassis pools folding in three US cities amid loss of business So-called "gray" pools in Kansas City, Memphis and St. Louis will stop operating on May 1 after ocean carriers and chassis providers pulled their support in the last 12 months.
Breakbulk24: Cleantech capacity to double by 2030 amid investment boom While oil and gas investment will play a large role throughout the energy transition, renewables investment will dominate by 2030, according to S&P Global.
Hapag-Lloyd using dry box sensors for door-to-door tracking product The visibility product, called Live Position, is the first service offered as part of the carrier's 2022 investment to equip its entire box fleet with location-tracking hardware.
Ship attacks, seizures highlight perilous reality for commercial shipping A realistic view at the intersection of politics and shipping does not point to any kind of speedy resolution to current problems and, if anything, shows how effective it is to leverage attacks against shipping to get political attention, writes analyst Lars Jensen.
Saia opening LTL terminals as it absorbs double-digit volume gains The LTL carrier said it will open 15 to 20 terminals this year in a cadence that will help improve efficiency in its network.
Influential advisory firm supports bid to oust Norfolk Southern leadership The endorsement of Glass Lewis for Ancora's slate of opposition candidates puts the job status of current NS CEO Alan Shaw and COO John Orr in jeopardy.
Japanese shipowner Tagashira Kaiun sells ultramax bulk carrier as rates push higher Both spot rates and one-year period rates have been rising
International Seaways on cusp of $50m deal for 16-year-old MR tanker duo US tanker owner poised to unload 2008-built vessels after purchase of newer models
Safe Bulkers lifts profit and strikes charter deals to lock in first-quarter rates Polys Hajioannou-led bulker owner feels comfortable with its strategy as it reports solid profit for first quarter
Diana and KC Maritime join flurry of period charters for kamsarmax bulkers Western Bulk and ASL Marine grab tonnage for around a year
Eastmed bulker damaged off Yemen as Houthis score second hit in a week Greek shipowner's ship and crew reported to be safe after attack in Red Sea
Bulker owner Anglo International books weaker 2023 but eyes upturn this year Shipowner will target more exposure to the spot market this year, but does not appear interested in buying ships
Houthi strike damages second ship in less than a week Malta-flag container ship reported to be the target of attack
UAE oil company fights Euronav over $35m lost 'Iranian' crude US seized more than 600,000 barrels of oil from huge Euronav tanker after sanctions probe
SSY hires Phoebus Kaloudis as new head of business development for its futures division New hire is well known in the dry bulk space
Dragnis family firm Oceangold offloads product tanker amid rising prices Prices at 16-year highs do nothing to discourage determined buyers, like Greek peer Spring Marine Management
Cargill teams up with bunker giant for South American west coast biofuel first Supplier and charterer opted for B30 blend off Peru
RCL takes tally of 4,400-teu newbuilding orders to six Thai-listed operator exercises options for two more boxships with Chinese yard
Navios post-merger sales drive hits 30 ships as new deals revealed Diversified Frangou company is tied to divestment of supramax pair
Clarksons sees revaluation of container ship owners after MSC's $700m Gram takeover Broker says MPC Container Ships and Global Ship Lease are 'attractive investment opportunities'
Louise Tricoire steps up to lead role at TotalEnergies' new aviation and marine fuels arm Major sets up cross-industry, strategic group to leverage learnings and create efficiencies on fuelling
Belships boosts stake in Oslo branch of operating arm while selling down in Asia Deal made in 'good spirit' and will not change much about how Lighthouse operates, Belships CEO said
France's TOWT set to quadruple cargo sailing fleet with six-ship order Company aims to create world's largest fleet by 2027 and is targeting growing to 500 vessels by 2050
Russia says it will work to overcome any EU LNG sanctions as it battles project headwinds War of words erupts between Brussels and Moscow as second project wrestles with start-up
Cosco Shipping Bulk sells five youngest supramax bulkers in en-bloc deal Chinese giant said to have invited bids for quintet last week, with vessels going to domestic buyer
Exodus: 800 tankers exit P&I clubs as insurers slam 'unenforceable' Russia price cap Scheme is blamed for rapid rise of shadow fleet
Angelicoussis VLCC stuck at huge Dangote refinery amid costly payment dispute The Maran Mira has been unable to discharge crude destined for the new Nigeria refinery
HFW brings in ship finance duo Paolo Pinna and Constance Ollat from Norton Rose in Paris Expansion in France comes after recruitment of Ince's finance team in Greece
Transmed extends large bulker sales spree with newcastlemaxes in play Chinese group's Ningbo Zrich unit has picked up at least one of the Greek player's biggest bulkers
Seatrium aims to win back investors with early bond redemption and share buyback Company says moves will signal commitment to further align its interests with those of shareholders
QatarEnergy bumps up Q-Max orders in China to 18 ships worth close to $5.6bn Shipowner names emerge as Hudong Zhonghua tasked to build the world's largest LNG carriers
Frontline CEO Lars Barstad sees bonus double as pay packet swells to over $2m Chairman Ola Lorentzon was paid $812,000
Probe begins after black smoke seen billowing from product tanker in Gibraltar Residents describe choking smell from Wilmar's Theresa II
India resumes imports on Sovcomflot tankers as Russian aframax discharges Reliance cargo Sanctioned Russian owner's SCF Baltica unloaded fuel oil at Sikka in Jamnagar
John Fredriksen's Frontline sells second suezmax tanker named after Norse god Just one more 2010-built Frontline ship is up for grabs
Guangzhou Shipyard to build new hospital ship for Mercy Ships Specialised vessel is slated to be delivered in 2028
Iran signals release of hijacked MSC container ship's seafarers Islamic republic seems to be responding to pressure to allow seafarers of captured boxship to return home soon
India to curb Venezuelan crude imports as US sanctions snap back, says Poten The trade will also see a switch back from mainstream owners to vessels from the dark fleet
MSC plays musical ships as fleet veteran given the heave-ho Recycling sale comes days after Swiss liner giant bought two boxships from Germany's MPC
New Fortress Energy's upcoming FLNG project suffers cold box blowout Company says its timeline on production of LNG -which is already running late - is not expected to be impacted
Nakilat's LNG carrier fleet to expand to 96 vessels with latest newbuildings haul Qatari gas shipping giant boosts first-quarter profit amid strong market demand and cost management
GlobalX Airlines delivers Haiti relief supplies after airport reopens Global Crossing Airlines, a hybrid passenger-cargo charter airline based in Miami, on Thursday was the first commercial airline to fly into Haiti since warring gangs closed the main airport in [...]
Port roundup: Strong annual growth across the board Despite the timing of the Lunar New Year, import volumes at three of the largest U.S. ports rose year over year.
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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