VIDEO: TDOT christens new ferry The Tennessee Department of Transportation (TDOT) recently announced that its new ferry boat, the M/V Summitt, is now in service connecting Benton and Houston counties. Aptly named after legendary Lady Vols basketball
New push for IMO levy on GHG emissions By as early as 2027, ship operators could face an IMO-imposed charge per tonne of CO2 emitted. The International Chamber of Shipping (ICS) has released the text of a proposal that has
ILA praises Trump role in averting Maine-to-Texas U.S. port strike Fears that January 15 could bring a port strike that would have shut U.S. ports from Maine to Texas have been averted. The parties to the dispute, the International Longshoremen's Association (ILA)
Top 5 reasons to attend TTB 2025: Innovation, networking, and strategies for success Marine Log's TTB 2025, taking place on March 25-26, 2025, at the Renaissance Mobile Riverview Plaza in Mobile, Ala., is set to be the premier event for professionals in the tug, towboat,
Vigor wins $7.8M USNS Washington Chambers contract Vigor Marine LLC, Portland, Oregon, has been awarded a $7,792,948 firm-fixed-price contract (N3220525C4114) for the 50-calendar day shipyard availability for the mid-term availability of Military Sealift Command's fast combat support vessel USNS
LNG-fueled Samskip RO/RO to be retrofitted with compact carbon capture system The Samskip Kvitbjorn, a Norwegian-flagged LNG-fueled RO/RO carrier, is to be retrofitted with an onboard carbon capture system, with the help of funding from the Netherlands Government's Maritime Master Plan. The funding,
Mobile Engineer District update on Mobile Harbor project Since 2020, the Mobile Engineer District Mobile Harbor Project, and its partners have sought to deepen and widen the Mobile Harbor Channel by five feet from the Gulf of Mexico through Mobile
MOL inks agreement for Portugal-North Europe green corridor Mitsui O.S.K. Lines (MOL) has announced the signing of a memorandum of understanding (MoU) with Madoqua Renewables Holding Lda and other global industry leaders to develop a green corridor connecting Portugal to Northern Europe. Madoqua, a renewable energy developer, will serve as the project coordinator, leading efforts to foster collaboration across the entire value chain. The Green Corridor pr
What Have Strike Actions and Threats Revealed for United States The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have successfully negotiated a tentative six-year master contract , preventing a potential strike that could have disrupted operations at ports along the United States East and Gulf coasts. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post,
Prince Rupert Port Authority announces new Board Member The Prince Rupert Port Authority (PRPA) has announced a new appointment to its Board of Directors. Jean-Jacques (JJ) Ruest has been confirmed by Anita Anand, Canada's Minister of Transport, as a new Board Member. A seasoned executive with over 40 years of experience in transportation, logistics, international trade, and chemical manufacturing, Ruest is widely recognized as an authority in freight
Global bunker market ends 2024 with stability The global bunker market concluded 2024 in a state of relative stability. The first half of the year saw multidirectional fluctuations across indices, with moderate price increases for 380 HSFO and VLSFO, alongside a slight decline in MGO LS quotes. However, the second half of the year experienced a significant reduction in the magnitude of these fluctuations. From September onward, trends across
Consolidated Chassis Management strengthens leadership with four new hires Consolidated Chassis Management (CCM), a provider of intermodal equipment leasing and management solutions, announced the expansion of its leadership team with four strategic appointments. These seasoned professionals bring extensive expertise in sales, legal affairs, operations, and marketing, bolstering CCM's commitment to growth and innovation in transportation and logistics. "These strategic
Trump emphasizes potential use of military force, if necessary, to reassert control over Panama Canal President-elect Donald Trump has not dismissed the possibility of using military force to regain control of the Panama Canal, while leveling accusations of Chinese influence over the strategic waterway. 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 .
Governments and Shipping Industry Push for GHG Pricing Mechanism To achieve net-zero greenhouse gas (GHG) emissions from international shipping by 2050, the International Chamber of Shipping (ICS), along with 47 governments, has submitted a joint proposal for the final round of negotiations at the United Nations' International Maritime Organization (IMO). The proposal calls for the adoption of a GHG emissions pricing mechanism for international shipping. This
Gemini Cooperation to partner with DP World in Canada operations DP World and Gemini Cooperation, the new alliance between Maersk and Hapag-Lloyd, will launch a new partnership to enhance cargo operations throughout Canada. Beginning in February 2025, DP World will introduce several new container services at its terminals at the Port of Vancouver, Port of Prince Rupert and Port Saint John. The agreement with the new Gemini Cooperation will allow DP World to pr
Shanghai container freight futures point to declining rates in 2025 Launched in August 2023, the Shanghai INE EC container freight futures contract, based on the SCFI's China - North Europe sub-index, managed to find its footing in 2024, gaining increasing acceptance as a hedging tool among Chinese as well as some first European forwarders and shippers. Shanghai container freight futures started 2024 at around 1,850 index points. One volatile year later, it looks
What a difference a year makes Red Sea diversions were in their infancy in January last year and followed a series of major industry challenges, including the pandemic, the Ever Given crisis, the US/China trade dispute, the Panama Canal drought and, last but not least, the Ukrainian war. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The p
Kongsberg Discovery acquires Naxys Technologies Kongsberg Discovery has announced an agreement to acquire Naxys Technologies AS, a Bergen-based underwater environmental monitoring technology firm, specializing in detecting oil and gas leaks through sound recognition. Kongsberg CEO Geir Håøy mentioned: "As a technology company and ocean space expert, we have developed world-leading solutions to map, monitor and understand the oceans, which actu
European Efforts Intensify as Shadow Fleet Evasion Poses Growing Challenges The Joint Expeditionary Force (JEF) has recently launched a sophisticated UK-led initiative called Nordic Warden to surveil undersea infrastructure and keep tabs on the Russian shadow fleet, in response to damage to a critical undersea cable in the Baltic Sea. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating Th
Carpenter dies after bulker accident in Kaohsiung A 26-year-old carpenter working on a cargo hold in a ship anchored in Taiwan's Kaohsiung port died on 8 January, after a cable broke loose and struck his head. Taiwan International Ports Corporation (TIPC), which oversees all ports on the island, said that the incident took place around 1.40 pm on 8 January on the Savita Naree, a Singapore-flagged 2016-built Ultramax bulk carrier that arrived in
US East Coast port strike averted: ILA, USMX reach tentative six-year deal The global shipping industry's fear of a new port strike on the United States East Coast seems to have been averted after the agreement between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX). The two organizations have reached a tentative agreement on all items for a new six-year Master Contract. The two sides agreed to continue to operate under
New line handlers join SAAM Towage fleet in Vancouver The newly arrived line handlers joining SAAM Towage Canada's fleet were unloaded from the vessel "Jumbo" at the Port of Vancouver on 6 January, following their voyage from Hong Kong. "These multipurpose vessels play a key role in berthing and unberthing vessels by transferring mooring lines from the ships being assisted to crews on the ground. They also assist with emergencies, rescuing people fr
Container ship orderbook hits new record high "At the end of 2024, the container ship orderbook was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023," pointed out Niels Rasmussen, Chief Shipping Analyst at BIMCO, who wrote the following analysis. As 4.4 million TEUs were contracted during 2024, the second highest ever, the orderbook grew despite deliveries hitting a new record high of 2.9 million TEUs. Making
Campbell Johnston Clark appoints two new directors Campbell Johnston Clark (CJC) has announced the promotion of Kate Law and Neil Jackson to directors, effective 1 January 2025. This development brings the total number of partners at the international maritime law firm to 22, spanning offices in London, Newcastle, Singapore, and Miami. The appointments underscore CJC's commitment to internal growth and coincide with the firm's 15th anniversary as
Subsea 7 scores Equinor contract Oslo-listed Subsea 7 has won a contract from energy major Equinor for a front-end engineering and design (FEED) study for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development before Equinor and its partners make the final investment decision, the company said in a filing. ...
Prosafe pens $110m flotel extension with Petrobras Offshore accommodation vessel specialist Prosafe has signed a contract extension with Brazilian oil giant Petrobras for one of its semisubs. The vessel in question is the 2015-built Safe Zephyrus which will be used for safety and maintenance support offshore Brazil. The original 650-day firm period was due to be completed in February 2025. The contract ...
MOL to develop green corridor linking Portugal and Northern Europe Japan's largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising low-emission shipping solutions and transporting low-carbon fuels. Apart from MOL ...
Many deficiencies found on tanker at centre of latest Baltic cable cutting incident The Eagle S, the Russia-linked tanker at the centre of the latest cable cutting incident in the Baltic, will not be able to leave Finnish waters for some time having massively failed a port state control. Finnish authorities said yesterday they found 32 faults on the ship, three of which are deemed severe enough that ...
SLB scores deepwater drilling contracts with Shell Houston-based oilfield service giant SLB has been awarded a series of drilling contracts by Shell to support energy development across its deep- and ultra-deepwater assets. The scope of the contracts will include digital directional drilling services and hardware, logging while drilling, surface logging, cementing, drilling and completions fluids, completions, and wireline services on assets in ...
Doris Ho comes to the aid of Lorenzo Shipping Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzo's belated fuel bills. According to shipping database Equasis, Lorenzo has 10 ships made ...
CWind becomes part of All Energies Services Group Sustainable energy solutions provider All Energies Services Group (AES Group) has bought crew transfer vessel (CTV) owner CWind from private equity firm Inspirit Capital. This acquisition will expand AES Group's footprint in the renewable energy sector. Founded in 2010, CWind is known for support to the offshore wind industry, including crew transfer vessels, asset management, ...
KCA Deutag gets more drilling work off the UK Drilling and engineering contractor KCA Deutag has won a batch of contract extensions offshore the UK. The company said that the contract extensions were for work in the UK part of the North Sea and worth $16m. The extensions come as part of a larger set of deals worth around $513m. These include new contracts ...
Navarino acquires Castor Marine Tech consolidation continues apace with news today that Greek maritime connectivity specialist Navarino has bought Dutch rival Castor Marine. Castor Marine will continue to operate independently within the Navarino Group following the deal. No price has been revealed for the acquisition. "Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value ...
Trump vows to trash wind energy The duel over US energy sources between current president Joe Biden and president-elect Donald Trump continues with wind power stocks dropping after Trump called turbines 'garbage' during a speech in Mar-a-Lago. Trump, whose inauguration is set for January 20, spoke in length against wind power and stated that the US will have a policy "where ...
Coalition grows to launch GHG levy on shipping A levy on greenhouse gas emissions could be one of the single largest shipping news items of the year with a growing coalition now aiming to force this much-discussed environmental measure through when member states gather at the International Maritime Organization (IMO) in April for the 83rd meeting of the Marine Environmental Protection Committee (MEPC). ...
Ingebrigtsen takes the reins at Grieg's holding company Hege Leirfall Ingebrigtsen is taking over from Gry Larsen as managing director of Grieg Maturitas, the holding company of Norway's Grieg Group. Larsen has been in the role for the past year and has informed the board of directors she is now seeking new career opportunities. Ingebrigtsen has held several leadership roles in Grieg Maritime ...
US east coast strike averted The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) have reached a tentative agreement on all items for a new six-year master contract averting a potentially damaging strike on the US east and Gulf coasts next week. The two sides agreed to continue to operate under the current contract until the union can ...
Marcos hails new Magna Carta of Filipino Seafarers regulation President Ferdinand Marcos witnessed the signing of the implementing rules and regulations of the Magna Carta of Filipino Seafarers on Wednesday, three months after the law's enactment, one of the most important new pieces of regulation to hit the world's top crewing nation in a generation. The new law aims to create a comprehensive framework ...
VLCC outlook: Sanctions, 'pond full of black swans' and China downside risk After a disappointing few years, there's renewed optimism on VLCC rates in 2025. The caveat is that Chinese demand needs...
Baltic Dry Index dips below 1,000 points for second time in a month The new year has not brought a change in fortunes for the dry bulk market, with the BDI hovering around...
Chinese owners surge to top spot for secondhand acquisitions in 2024 China also pips Greeks for newbuilding contracting though owners from the two countries were neck-and-neck for bulker, tanker, boxship and...
Bulker grounds in Delaware river Supramax Algoma Verity grounded near Philadelphia on Wednesday evening. No pollution or injuries were reported, the US Coast Guard said...
False flagging doubles in under two years A group of 22 countries, led by the UK, has submitted a paper to the IMO's Legal Committee and suggests...
Blue cards can be issued prior to completion of renewal, P&I sources confirm Unpopularity of having to ask for big rate hikes is incentive to compress negotiations
How the Sounion salvage exposed a fundamental gap in shipping's crisis response capabilities The dramatic story behind the 135-day operation to save the fire-ravaged tanker Sounion reveals a remarkable international effort to prevent...
South Korean shipyard unions protest migrant worker quota and urge structural reforms Shipyard unions are demanding a reversal of the visa quota policy and a resolution of subcontracting and skilled worker training...
The Daily View: It will be a long four years Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Carbon levy prospects surge as Liberia and Panama pledge support Climate progressives at the IMO have hailed growing support for a flat carbon levy on shipping emissions, with as many...
Another year, another massive gain for container shipping king MSC The container liner industry is vastly more consolidated than tanker and dry bulk shipping, and one player in liner shipping...
Renewed US port strike averted as union and terminals reach deal Concerns over a crippling work stoppage at US east and Gulf coast ports this month have proven unfounded. A contract...
Daily Briefing Taiwan is hunting one vessel disguised as three for cable cutting | Pentagon's label of Cosco as military firm signals...
Vancouver braces for congestion, high rail dwells through January A confluence of factors, including vessel bunching at Asian load ports and a pre-Lunar New Year cargo surge, have combined to cause congestion at the port and reduce its railcar availability.
Cargo volumes for mega cracker project at Antwerp to peak in 2025 The project, expected to drive further investment at Europe's second-busiest port, is the largest investment in Europe's chemical industry in more than 20 years.
US truckload spot rates rising, but shippers keeping lid on contract rates The lack of sustained underlying freight demand is keeping contract truckload rates close to flat, analysts and shippers say, despite a late-year seasonal gain in spot rates.
Limited disruption likely as new carrier alliances roll out: Alphaliner With the threat of a US port strike averted, the transition to new global service networks will not be accompanied by widespread disruption, the analyst believes.
ILA, USMX reach tentative deal that avoids another port strike While the draft language of the tentative agreement was not disclosed, the two sides said the deal includes language that covers the contentious issue of port automation and new technologies.
Yangzijiang Financial orders tanker quartet with order at Chinese shipyard Scorpio Group brought in to oversee construction of MR newbuildings
'Flashing yellow light': How major VLCC owner is looking at Chinese shadow fleet stance A growing sanctions list could be a tailwind for larger tankers in 2025
Liner stocks plummet after Donald Trump helps end port labour impasse Union leader Harold Daggett calls president-elect one of the 'best friends of the working man'
Container shipping weighs Cosco wildcard after strike threat evaporates With a US port strike averted, attention turns to fresh uncertainties
Shipping edges closer to 'pragmatic solution' on greenhouse gas pricing mechanism IMO set to decide market-based measure within four months
Iranian crude sellers and Chinese buyers have tanker options Shandong Ports Group decision all upside for tankers, Gibson says
Disaster averted: Inside story of how Greek tanker hit by Houthis was saved Groundbreaking operation saw salvors tow laden crude carrier as blaze raged, team leader Ambrey reveals
Smit emerges as buyer of US fund's offshore fleet for $143m Dutch shipowning group named by brokers as taking over multipurpose supply vessels
Prosafe banking $115,000 per day for Petrobras charter extension Oslo-listed owner secures nearly 1,000 more days of work for Safe Zephyrus
Samskip gets Dutch funding for onboard carbon capture technology Value Maritime led project to develop more compact and modular carbon capture technology
Fresh VLCC sanctions threaten to leave up to 12% of global fleet on blacklist, analyst warns But blacklistings are widely considered positive for ailing market
Why investors should start watching tankers and a liner company not named Zim Jefferies' Omar Nokta names his shipping stars for 2025 after the worst year since Covid ravaged markets
Union Maritime director departs in natural evolution of shipowner's board Trusted Cadji family lieutenant remains a director of shipowner's biggest shareholder
West acquires Nordic marine specialist in diversification drive UK-based P&I club first took a stake in Swedish insurer in 2020
Shearwater Law boosts shipping practice with NorthStandard claims boss David Richards Appointment marks a return to maritime law for insurance executive
Disaster averted: The inside story of how Greek tanker hit by Houthis was saved Salvors towed laden crude carrier as blaze raged in groundbreaking operation, reveals team leader Ambrey
Ship robberies in Asia getting more violent as ReCAAP sees incidents spike Two of the most serious types of attacks seen last year
Iran will seize more ships if Donald Trump tightens sanctions screw, says Ambrey Security firm says increase in sanctions enforcement likely to be piecemeal under Trump presidency
Tanker fever fades as Braemar notes muted response to Cosco blacklisting US designation of giant owner as 'military' will not produce rate spike on the scale of 2019 sanctions, market players believe
Turkish owner PascoGas extends expansion drive as it snaps up oldest Solvang vessel Istanbul-based players have been on firm acquisition course in the LPG space over the past three years
'Demonstration of intent': New Fleet Management CEO sets out global markers in Greece and Japan Ship management giant opens shop in Athens and makes senior appointment in Tokyo
London shipping law firm promotes group of five 'rising stars' and adds new directors CJC announces slew of appointments
False-flagging surges as global conflicts stoke shipping fraud Major registries part of group looking at tightening practices to tackle fraudulent vessel registration
MOL-backed methane splitting start-up secures $45m funding Japanese company interested in using Hycamite's methane reforming technology on LNG-fuelled vessels
Swedish bulker owner extends Yara contract of affreightment into next decade AtoB@C Shipping to continue serving agriculture and ammonia group's northern European plants
Shandong Port bans US sanctioned vessels Spokesman tells reporters country is firmly opposed to US sanctions
John Fredriksen's SFL hires four banks for $150m run at the bond market CEO says owner will issue if terms are good enough
US port strike called off as longshoremen and ports head to vote on new contract Details on agreement are scant, but 15 January strike is avoided for time being
Seafarers evacuated as fuel leak reported from grounded tanker off Japan Sanwa Maru got stuck off Cape Esan on Monday
George Economou has a rival for top outside investor in Seanergy Maritime Costamare chief executive Konstantinos Konstantakopoulos lifts stake to 9%
Kuok Maritime yard wins order for up to four offshore construction ships in Europe Unnamed owner signs for two firm vessels, with two options attached
Norwegian hedge fund bets on shipping stocks comeback as it waits for 'better market' Sissener Canopus holds several shipping stocks trading at discount
Dark tanker anchor dragging was no accident, argues maritime safety veteran Ex-EMSA boss speaks out on anchor lowering as Eagle S detained following port state inspection
India to create major shipping hub with $6.6bn investment in Kandla Port New yard will be able to build 32 ships a year
India to pump $6.6bn into Kandla Port expansion with shipyard and cargo terminal New shipyard will have capacity to construct up to 32 newbuilds per year
Blacklisting of giant Chinese shipyards may backfire on US shipping New shipyards may emerge and rival shipbuilders are set to benefit from CSSC blacklisting
Port employers follow ILA, praise Trump for new union contract, avoiding strike The head of the United States Maritime Alliance cited President-elect Donald Trump's leadership for helping reach agreement on a new longshore contract.
At TRB: How high-tech mapping can grow intermodal, and a data reality check At the Transportation Research Board annual meeting, intermodalists advise and dissent over developments in the freight sector.
Logistics companies charter Etihad freighters to transport Chinese goods Etihad Cargo is supporting two logistics companies with dedicated freighter operations from China to two European cities.
Taiwanese startup Starlux Airlines doubles down on Airbus A350 freighter Starlux Airlines plans to start a freighter fleet with the all-new Airbus A350 cargo jet, bringing welcome supply to a tight market.
Port deal averts strike 'disaster,' but caution urged on container rates A compromise by the ILA and USMX on automation has settled global concerns over a potential strike at U.S. East and Gulf Coast ports.
US rail traffic up slightly to start 2025 Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 [...]
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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