VIDEO: In a world first, Candela P-12 foiling e-ferry enters public service Sweden's Candela has become the first foiling e-ferry developer to bring an electric hydrofoil ferry into public service. As much anticipated, the Candela P-12 Nova has now become a part of the
BAE Jacksonville wins submarine module fabrication contract BAE Systems has been awarded a contract by General Dynamics Electric Boat for deck module fabrication in support of U.S. Navy submarine programs. The contract between the companies will cover the production
ABS releases new study on potential for nuclear-powered LNG carriers ABS, which has a U.S. Department of Energy (DOE) contract to research barriers to the adoption of advanced nuclear propulsion on commercial vessels, has released a new report on the potential of
Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to North America Hamburg-based container line Hapag-Lloyd has announced a new General Rate Increase (GRI)/General Rate Adjustment (GRA) from the Indian Subcontinent and Middle East to North America. For cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment, the GRI/ GRA adjustment will be applicable to all containers gated in full from 20 November until further notice.
Maersk implements fresh surcharges worldwide Danish ocean carrier Maersk has announced new peak season surcharges (PSS) worldwide. Effective from 4 November, the company will revise the PSS from Indian ports to the United Arab Emirates and Kuwait for all dry containers, as follows: Origin Destination Container Size/type Rate Currency Charge Basis Tuticorin, Ennore Chennai, Colombo, Cochin, Male, Kolkata, Mangalore, Haldia Port and Visakhapa
MacGregor unveils free digital Carbon Calculator for its Cargo Boost solution Cargotec's subsidiary MacGregor has introduced a new free digital Carbon Calculator designed to help container shipping companies estimate the potential reduction in carbon dioxide emissions from upgrading their onboard container cargo systems with MacGregor Cargo Boost. By optimizing container capacity on existing ships, the Cargo Boost solution has demonstrated the ability to increase average c
Navigating the challenges of underwater radiated noise: A win-win for emissions and ocean health The maritime industry's push toward decarbonisation brings an unexpected benefit: the reduction of underwater radiated noise (URN). While the sector focuses intensively on emissions reduction and fuel efficiency, these same measures are quietly contributing to a healthier acoustic environment in our oceans. For ship owners and operators already investing in green technologies, addressing URN can
Hapag-Lloyd applies peak season surcharge from Latin America to Europe German container carrier Hapag-Lloyd has announced a new Peak Season Surcharge (PSS) from the West Coast of Latin America, Central America & the Caribbean to North Europe and the Mediterranean. The surcharge of US$400 per container will be applicable to all sailings starting on 11 November and will be valid until further notice. The implementation date for Colombia, Ecuador, Puerto Rico and the U
Port of Klaipeda announces new cruise terminal A new cruise ship terminal is set to be developed in the central area of Klaipeda, featuring the reconstruction of existing quays, the construction of new ones, and adjustments to accommodate updated depth requirements. "The new cruise ship terminal project will not only increase the capacity of the Port of Klaipeda to accommodate more cruise ships and tourists but will also create a new space fo
Supply Chain Visibility Software: Unlocking Data-Driven Decision Making Have you ever wondered how businesses today manage the complexities of their global supply chains with such precision? As the pace of commerce accelerates, companies can no longer afford to rely on guesswork or outdated systems to manage their supply chains. This is where different types of supply chain software steps in, revolutionizing decision-making by providing real-time insights into every
CMA CGM and Marsa Maroc to jointly operate box terminal in Morocco CMA CGM has entered into a joint venture with a main port operator in Morocco Marsa Maroc to equip and operate a 750-meter quay and 350,000 square meters within Morocco's Nador West Med container terminal for a 25-year term. Through this partnership, with CMA CGM holding a 49% stake and Marsa Maroc 51%, the joint venture will manage 50% of the terminal, which includes a 350,000m² container yard a
MSC torches most vintage ships 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 .
Port Houston breaks records with over 3 million TEUs in 2024 Port Houston continues to break records, reaching over 3 million TEUs in a single year, faster than ever before. From January to September 2024, Port Houston handled 3,120,589 TEUs, marking a 10% increase over the same period in 2023. Loaded imports rose by 4% in September and 8% year-to-date, while loaded exports were down 8% for September, but up 10% year-to-date. September's container volume r
Houthis claim attacks on vessels in Red Sea and Arabian Sea On 28 October, Yemen's Houthi group announced their involvement in targeting three vessels in the Red Sea and the Arabian Sea, according to Reuters, as part of their efforts to impose a naval blockade against Israel. Houthi military spokesperson, Yahya Sarea, stated in a televised address that the attacks targeted ships attempting to reach Israeli ports. According to LSEG data, all three vessels
Maersk and Danone team up to cut logistics emissions Danone, a global food and beverage company, is joining forces with Maersk to minimize its logistics greenhouse gas (GHG) emissions through Maersk's ECO Delivery Ocean product. Maersk's product is based on reduced GHG emission fuels like bio-diesel or bio-methanol which are produced solely from waste feedstocks. These fuels are then used on vessels across the Maersk fleet. With the applied version
Leschaco announces new Chief Product Officer Leschaco announced the appointment of David Williams as Chief Product Officer (CPO) and Member of the Management Board, effective 1 November 2024. In this role, David Williams will oversee the company's global product portfolio, ensuring it aligns with Leschaco's strategic objectives and drives product innovation to meet the changing needs of customers. "We are delighted to welcome David Williams
Empty box storage feud amid transparency push threatens Indian container trade fluidity Container flow at Nhava Sheva Port (JNPA), India's top cargo gateway, is potentially bracing for disruptions in the wake of a confrontation brewing between empty container storage yard owners and the port authority there
Gemini partners announce services between Turkey/Italy and USEC The new container shipping alliance, Gemini Cooperation, of Maersk and Hapag-Lloyd is expected to commence operations in February 2025 and the two partners have already begun announcing new/updated services covering the same regions. Danish ocean carrier Maersk has announced the launch of a new service offering a direct connection of Turkey North & West and South Italy with the United States East
Overflow during bunkering causes another oil spill in Singapore Another oil spill has happened in Singapore. Approximately 5 tonnes of fuel oil flowed into the waters while Ines Corrado, a 2012-built Bahamas-flagged Kamsarmax bulk carrier owned by Turkey's Gestion Maritime, was being bunkered on 28 October. Vessel-tracking data from S&P Global showed that Ines Corrado had stopped in Singapore for bunkering, while sailing from Rio Grande, Brazil, to Tianjin, C
Port of Long Beach announces partial closure of Carrack Avenue Starting on 4 November, a section of Carrack Avenue in the Port of Long Beach will be closed for eight months to facilitate the relocation of utilities as part of the Pier B On-Dock Rail Support Facility construction, known as "America's Green Gateway." This US$1.5 billion project aims to significantly boost cargo flow efficiency and sustainability within the port. Work crews will be on-site to r
A deep dive into LPG air mixers: technology and applications As the price of natural gas (NG) continues rising, many are looking for alternatives. One of the best options is to use LPG air mixers. These are systems that can create a mixture of LPG and air. The ratio of each component varies with what you are trying to achieve. This can be used as a backup measure or can completely take over NG. So whether you are looking to cut on consumption or avoid unfo
ACT Burgas experiences upgrade projects BMF Port Burgas, the private operator of the 'Burgas East-2' and 'Burgas West' terminals in Burgas Bay on the Black Sea, is actively expanding its Container Terminal ACT Burgas. Through investments in cutting-edge equipment and technology, BMF Port Burgas is boosting capacity, optimizing efficiency, and ensuring its operations align with the highest standards among European ports. Currently, a ne
AD Ports launches eco-friendly unmanned survey vessel SAFEEN Subsea, part of AD Ports Group's Maritime & Shipping Cluster, has introduced SAFEEN Green, an advanced unmanned surface vessel (USV) engineered to transform marine survey and inspection practices. This cutting-edge vessel delivers commercial-grade geophysical data with outstanding operational efficiency and environmental sustainability. SAFEEN Green marks a substantial step forward in subs
Port of Melbourne appoints new Chair Port of Melbourne announced Debbie Goodin's appointment as the new independent Chair of its Board of Directors, effective 1 March 2025. With over 30 years of senior management experience in both the public and private sectors, Goodin is able to navigate complex business landscapes, with a strong focus on corporate governance and a commitment to environmental, social, and sustainability initiative
Innovations in Container Design for Enhanced Durability and Efficiency Photo by frank mckenna on Unsplash Shipping containers have evolved significantly from their original role as basic cargo carriers. These versatile steel structures, known for their sturdy build and standardized sizes, have become icons of modern engineering creativity. Today, they transport goods worldwide and serve as the foundation for innovative architectural projects, like container homes, o
Breaking the silence and prioritising preventive mental health care in maritime Martin Dedman, director of mental wellness practices at VIKAND, writes for Splash today. The maritime industry must confront and end the longstanding stigma surrounding mental health. With research from Harvard Medical School showing that half the global population will experience a mental health challenge, the issue is universal, not isolated. Yet mental health conditions are ...
George Economou fails in bid to delay Seanergy boardroom vote Greek shipping magnate George Economou's attempt to delay the upcoming annual shareholders meeting at fellow capesize bulker specialist Seanergy Maritime has gone without success. Nasdaq-listed Seanergy said the Marshall Islands High Court dismissed a lawsuit filed by Economou via his investment vehicle Sphinx for a temporary restraining order and preliminary injunction to halt the shareholders'
Scorpio Tankers snaps up $89m of DHT shares Monaco-headquartered product carrier major Scorpio Tankers has picked up $89m-worth of stock in VLCC owner DHT. The Emanuele Lauro-led firm revealed in its third-quarter earnings, which showed a $158.7m in net profit, that nearly 8m common shares of DHT had been acquired at an average of $11.17 each. The shares acquired are equal to 4.9% ...
SITC takes option on Huanghai boxship brace Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to six, with deliveries for the latest pair scheduled by June and August of 2027. SITC said it signed a shipbuilding ...
Study explores nuclear-powered LNG carriers The American Bureau of Shipping (ABS) has released a concept design study to illustrate how a small modular nuclear reactor could power a 145,000 cu m LNG carrier. The design was modelled by ABS and Herbert Engineering Corporation (HEC) to help industry better understand the feasibility and safety implications of nuclear propulsion and to support ...
Maritime CEO Forum Monaco: The dark fleet and ageing tanker demographics dominate discussion Three famous names from the product tanker sector took to the stage at the Monaco Yacht Club for a deep dive into the segment in a session moderated by Tim Wilkins, INTERTANKO's deputy managing director, at last week's Maritime CEO Forum where cargo cannibalisation, the dark fleet and ageing dynamics were all discussed. Wilkins got ...
South Korea opens bidding for 1.5GW of offshore wind power South Korea's Ministry of Trade, Industry, and Energy has opened a tender for renewable energy projects with 1.5GW of offshore wind up for grabs. In total, the tender is for 2.8GW of renewable projects. Wind was allotted 1.8GW of capacity with 300MW for onshore projects and 1.5GW for offshore projects. The remaining 1GW of capacity ...
Five tonnes of bunker fuel spills from bulk carrier in Singapore The Maritime and Port Authority of Singapore (MPA) has reported that around five tonnes of bunker fuel overflowed yesterday during a bunkering operation from the receiving Bahamas-flagged bulk carrier, Ines Corrado. The accident took place off Changi with the MPA saying today that thanks to patrol craft spraying dispersants there was no longer any sign ...
Equinor hires Patriot Offshore for CTV services on US offshore wind farm Crew transfer specialist Patriot Offshore Maritime Services, a subsidiary of Liberty Green Logistics, has been awarded a 10-year CTV contract for work on Equinor's Empire Wind project. The vessel, which will be Jones Act-compliant and built in a US shipyard, will service Equinor's offshore wind farm during construction as well as the operation and maintenance ...
Further industrial action at Montreal pencilled in for Thursday A terminal at Montreal port is set to be hit by another wave of industrial action. The Termont terminal has been targeted as the local union claims the facility has a poor working schedule that negatively impacts on workers' work-life balance. The strike is set to begin on Thursday unless the terminal can reach a ...
Baker Huges wins work on Petrobras fields in Santos basin Oilfield services giant Baker Hughes has signed a deal with Brazilian major Petrobras for the provision of flexible pipe systems, risers, and flowlines to several of the company's oil fields. In total, the US firm will provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The multi-year project includes risers ...
SK Shipping put in the shop window South Korean private equity firm Hahn & Company has appointed Morgan Stanley to sell one of the country's best known shipowning brands, SK Shipping, with local media suggesting the sale is looking to raise KRW4trn ($3.07bn). Hahn & Co acquired a 79% stake in the shipowner from SK Group six years ago for KRW1.5trn. Morgan ...
Houthis renew campaign against merchant shipping The Houthis from Yemen carried out their first ship strikes in 18 days on Monday with three explosions reported near the bulk carrier Motaro which was passing through the Bab el-Mandeb Strait. The ship and its crew escaped unscathed. The attacks were the first since the US sent in bombers to take out Houthi infrastructure ...
Daily Briefing It's time for shipping to be more proactive, says IMO secretary-general | Maritime London sees trends favouring UK capital, despite...
Maritime London sees trends favouring UK capital, despite shipowner migration UK could improve its offering with changes to statutory residency regime and 'tweaks' to tonnage tax, says industry body
It's time for shipping to be more proactive, says IMO secretary-general A subtle shift in rhetoric has seen IMO secretary-general Arsenio Dominguez turn the tables on industry demands for regulatory clarity...
Green ammonia faces uphill battle A study by the University of Manchester listed myriad hurdles to green ammonia adoption and said shipping should focus on...
Bugbee explains why Scorpio bought 4.9% stake in VLCC owner DHT The big news from Scorpio Tankers was not its own quarterly results, but the revelation that it bought a position...
Vale optimistic about Beijing's stimulus measures despite tumbling profits Despite boasting record iron ore production in the third quarter just two weeks ago, the company's revenue is down 10%...
Solicitors Regulation Authority mishandled Axiom Ince closure, legal watchdog claims Case caused 'significant consumer detriment', says regulator of regulators
Canada's west coast port employers and union to meet ahead of strike mandate expiration After a labour tribunal ruling found the union negotiated in bad faith, the BCMEA and ILWU Local 514 are due...
Container rates rebound a temporary reprieve as gloomy outlook remains Carriers appear to be divided once again on whether to cut capacity to bolster rates or lower prices to compete...
Further strikes planned at Port of Montreal The notice to strike follows a 24-hour walkout by port workers between October 27 and October 28, as they seek...
French tonnage tax turnover cap would damage flag, industry sources warn Toughening regime while alternatives are readily available elsewhere in the EU 'might prove inefficient or even detrimental in the long...
White House announces $3bn investment in US ports The investment will fund battery-electric and hydrogen-powered port equipment, drayage trucks as well as shore power infrastructure for ocean-going vessels
CMA CGM invests in Moroccan container terminal By investing $280m in the development, the partners aim to achieve an annual terminal capacity of 1.2m teu. The terminal...
SITC exercises options for two boxships at Huanghai Shipbuilding SITC ordered four container vessels at Huanghai Shipbuilding in June
Wärtsilä riding 'sustained positive momentum' A strong cruise sector and the global decarbonisation effort is driving growth in the company's marine sector, demonstrated by a...
Singapore acts to contain bulker oil spill during bunkering operation No oil was sighted at sea by Tuesday morning after the MPA had sprayed dispersants
Montreal dockworkers target MSC's terminals for strike this week The port will see almost half of its container capacity go offline beginning Thursday as the local longshore union declares an unlimited strike against two of Montreal's largest marine terminals.
CMA CGM shores up West Med transshipment capacity with Moroccan JV It is the second major port investment the Marseilles-based carrier has made recently after paying $1.2 billion last month for a majority stake in Brazil's largest terminal operator.
First track improvements allow CSX to double-stack containers from Baltimore The completion of initial clearance improvements allows CSX to operate double-stack rail service on a temporary route from Baltimore along its network in Pennsylvania, New Jersey, New York and into the Midwest.
US trucking demand at 2019 levels, constraining rate hikes: analysts A stronger manufacturing recovery is needed to increase demand in both the truckload and LTL sectors, speakers said during a Journal of Commerce webcast.
Maersk and Hapag-Lloyd order LNG-fuelled container ships worth $5.8bn Yangzijiang bags up to 28 newbuildings
Chinese container carrier SITC lifts newbuilding tally at Huanghai to six vessels Hong Kong-listed carrier takes total spend to $174m on six ships
Iran policy is key difference between Trump and Harris as tankers await US election day, BRS says Trump's sanctions and tariffs could hit tanker trades if he wins the presidency
DHT Holdings welcomes new 'passive' shareholder Scorpio Tankers Scorpio management talks about how it made sure the market would see it as friendly
Judge dismisses lawsuit against Seanergy as George Economou plots appeal Battle expected to head to the Marshall Islands Supreme Court
Wavelength Podcast: Is ABS liable for a lethal capsize? Also, six years of the Poseidon Principles and the need for data transparency and DNB's new climate transition loans
CMB's party people raise more than €250,000 for charity at Antwerp rave Belgian owner teamed with MSC for A La Marine Nation event
Five tonnes of oil spills in Singapore during bunkering of Gestion bulker Port authority says kamsarmax was receiving fuel from a bunker tanker
Maersk and food giant Danone strike biofuel pledge to lower container shipping emissions Danish operator signs up food producer but worries over price of green fuel remain
Vale sees third-quarter profit slump on lower ore prices Dam collapse provision dents financials as miner reaches compensation deal
Royal Caribbean lifts forecast and celebrates 'exceptional' quarterly profit Robust demand buoys guidance but shares sink anyway
UK legal regulator slammed over Ince collapse and missing £60m in client funds Legal Services Board deciding on action to take following case still being investigated by UK Serious Fraud Office
C Transport Maritime celebrates 20 years with star-studded party in Monaco CEO John Michael Radziwill raised a glass to friends, family, innovation and growth
Oslo's Maritime Optima pushing into Greece and Singapore with new hires Shipping tech start-up grows international presence following Microsoft deal
Broker settles for $380,000 after failing to disclose ship's voyage restrictions Arbitration dispute was sparked after charter deal went wrong
Moody's says vessel overcapacity will prevail as container ship prospects 'worsen' Ratings agency sees box shipping as the exception to its generally positive view of transport and logistics
Scorpio Tankers takes 4.9% stake in VLCC player DHT Holdings Giant product tanker owner beats earnings estimates but sees spot rates drop so far in current quarter
CMA CGM plots $280m investment to boost Mediterranean transshipment capacity Deal with Moroccan terminal operator will lift annual container capacity to 1.2m teu
Wartsila profits as owners order 600 more ships than in 2023 Finnish technology group says vessel servicing increasing as distances lengthen
TotalEnergies leads group including AP Moller fund in Moroccan green fuels project New venture TE H2 will produce green hydrogen and ammonia for shipment to Europe
Stowaways found perched on MSC container ship's rudder after six-day journey Nigerian nationals taken off vessel by search and rescue team in Canary Islands
MSC purchases fire up container ship feeder S&P market Liner giant linked to purchase of two 1,700-teu Wenchong vessels
Bulker owner Atlantska Plovidba to be delisted to save costs Parent Tankerska Plovidba calls shareholder meeting to vote on proposal
ESL hoping for winter upturn after bulker profit dropped over slow summer Finnish handysize specialist also hit by increased dockings and maintenance
Short-term period LNG carrier rates slide lower on back of spot level freefalls Halloween horror continues to unfold as market sinks further into 'the abyss'
Shadow fleet tanker heads to Cuba with Mexican oil to keep the lights on Former Greek-owned vessel used to combat acute energy crisis
Solstad companies divest AHTS as both arms end third quarter profitably Solstad Maritime leads way with NOK 621m profit
UK Chamber of Shipping aiming to tackle 'sea blindness' as new seafarer recruitment drive launched Campaign aims to boost awareness of the industry
Thenamaris capesize master fined over scrubber pollution in France Filipino veteran will pay €50,000 after Marseille trial
Hahn & Co mulls $3.1bn sale of tanker and gas carrier owner SK Shipping Morgan Stanley called in to explore disposal of 79% stake, sources claim
Kjell Inge Rokke's AMSC increases cash payout as it sees strong offshore energy market Company bought additional 980,000 shares in Solstad Maritime
International freight drives Q3 intermodal gains International container volume gains more than doubled domestic traffic in the third quarter, according to the Intermodal Association of North America.
Lufthansa Cargo introduces freighter service from Vietnam to US Lufthansa's cargo division recorded modest profit growth in the third quarter and this week launched a trans-Pacific freighter service.
Top US container ports awarded $1.6B to electrify Los Angeles, New York and Virginia ports alone net over $1 billion from EPA to cut pollution.
ONE adds Jaxport-East Asia services The ONE vessel alliance plans to add a new East Asia string to the Port of Jacksonville's modernized SSA Jacksonville Container Terminal.
Savannah container imports up 17% Overall volume helped maritime terminals of the Georgia Ports Authority to their second-busiest September on record.
Vendor troubles slow delivery of Amazon freighter aircraft EFW, a company that specializes in passenger-to-freighter conversions, is shutting down its U.S. assembly plants because of shortages in skilled labor and other problems that have delayed delivery of large aircraft to Amazon.
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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