Tag: seatrade maritime

WinGD on course for first ammonia engine deliveries in June As successful testing of ammonia-fuelled engine technology continues at WinGD’s Engine Research and Innovation Centre (ERIC) in Switzerland the company is already building the first units. Go to seatrade maritime

Maersk confirms no change to Red Sea diversions The Danish shipping line says its decision offers stability and certainty with safety of crew and vessels a priority. Nick Savvides Go to seatrade maritime

Washington aims to challenge China’s shipbuilding hegemony US politicians want to revive the country’s shipbuilding industry with both incentives and mandates on cargo. Nick Savvides Go to seatrade maritime

New Dayang Shipbuilding bags first tanker orders The SUMEC Marine shipyard marks its move into tankers with a contract for MR product carriers. Katherine Si Go to seatrade maritime

Asyad to list at least 20% of Asyad Shipping in Muscat IPO Up to $2.7bn in medium term investments planned as Asyad prepares to leverage Oman green hydrogen, LNG, oil and gas growth. Gary Howard Go to seatrade maritime

OSM Thome launches Evigo green services division Grieg Maritime’s Pia Meling to lead ship manager’s new division from March. Gary Howard Go to seatrade maritime

HMM inks MoU to develop Vadhvan port near Mumbai The South Korean line is to support the development and operation of Vadhvan port in India that would include nine container terminals. Marcus Hand Go to seatrade maritime

Galaxy Leader crew freed Car carrier crew’s captivity comes to an end after 14 months held by the Houthi in Yemen. Nick Savvides Go to seatrade maritime

Solstad Maritime intends to list in Oslo Offshore vessel owner Solstad Maritime Holdings says it plans to list its shares on Euronext Oslo Bors. Marcus Hand Go to seatrade maritime

Ningbo-Zhoushan retains crown as port with highest cargo volume China’s Ningbo-Zhoushan Port posted a record cargo throughput of 1.34 billion tons in 2024 Katherine Si Go to seatrade maritime

Lithuania’s first hydrogen-powered ship hits the water Klaipėda Port’s 42-metre waste collection tanker ready for engine room works, including hydrogen fuel cell and battery power. Gary Howard Go to seatrade maritime

SmartSea’s digital ambitions align with Qatar Vision 2030 CEO Julian Panter shares his vision of a more efficient, sustainable and profitable shipping industry built on common languages and standards. Seatrade Maritime Go to seatrade maritime

Sponsors of the Inaugural Seatrade Maritime Qatar Unveiled Qatar Ministry of Transport welcomes important discussions on digitization, sustainability, transition to clean energy, financing, and building strategic partnerships. Go to seatrade maritime

Threat ‘remains high’ to Israeli, UK and US shipping in Red Sea Warnings to treat Houthi announcements with scepticism as Israel-Hamas ceasefire unfolds. Gary Howard Go to seatrade maritime

President Trump the politician who means business? Which President Donald Trump has moved into the White House? The politician or businessman asks Punit Oza, Founder of Maritime NXT. Go to seatrade maritime

Hong Kong port container volume hit a 28-year low in 2024 Container volume at the port of Hong Kong dropped 4.9% to 13.69 million teu last year the lowest volume since 1996. Katherine Si Go to seatrade maritime

Port of Santos to double capacity with new terminal Brazil’s Minister of Ports Silvio Costa Filho says new terminal to double Santos capacity, to be auctioned in November 2025. Michele Labrut Go to seatrade maritime

ADNOC L&S tanker fleet joins Navig8 pools Navig8 picks up commercial management of 20 tankers following 80% acquisition by ADNOC L&S. Gary Howard Go to seatrade maritime

Jittery tanker market amid tariffs and sanctions Global tanker markets are often beset by geopolitics but rarely have they faced the level of uncertainty that prevails as President Trump is inaugurated in Washington later on Monday. Paul Bartlett Go to seatrade maritime

ONE launches new Asia – East Coast South America service Ocean Network Express (ONE) is adding to Asia – Latin America coverage with the new East Coast South America Express 2 (SX2) service. Michele Labrut Go to seatrade maritime

Chinese shipyard and owners’ associations blast US shipbuilding investigation The China Association of the National Shipbuilding Industry (CANSI) and China Shipowner Association (CSA) describe US investigation into shipbuilding sector as “irresponsible” and “full of lies”. Katherine Si Go to seatrade maritime

Combining green and commercial objectives at Long Beach port The Port of Long Beach is claiming environmental and commercial success with its 20-year-old Green Port programme. Barry Parker Go to seatrade maritime

Chinese shipyards booked 74% of all newbuilding orders in 2024 China firmly cemented its position at the world’s number one shipbuilder with more than 50% of global output, new orders, and orders-on-hand at the end of 2024. Katherine Si Go to seatrade maritime

OOMCO and TFG Marine to establish Oman bunkering joint venture TFG Marine to extend services in Oman under new joint venture with national fuel marketing and distribution company. Go to seatrade maritime

Container freight rates tumble Spot container freight rates are falling in reaction to the averted port strike on the US East Coast but could find support from alliance reshuffling and Trump’s tariff plans. Marcus Hand Go to seatrade maritime

GulfNav sees alternative fuel bunkering opportunities in Fujairah Tanker owner also exploring partnerships and collaboration in Qatar to provide specialised shipping solutions. Gary Howard Go to seatrade maritime

US wakes up to China’s shipbuilding dominance USTR report calls China’s dominance unreasonable as US builds five ships per year to China’s 1,700. Nick Savvides Go to seatrade maritime

PSA ports hit milestone 100m teu worldwide in 2024 Singapore-headquartered PSA International’s container terminals hit a historic landmark in for container handling across its global portfolio. Marcus Hand Go to seatrade maritime

Hengli Heavy Industry launches shipbuilding ‘future factory’ As Chinese shipbuilders move to meet high newbuilding demand Hengli Heavy Industries has opened its second production base in Dalian. Katherine Si Go to seatrade maritime

Container shipping demolition derby set to start Market expectations are that following the 3 million teu delivered last year and some 1.8 million teu due to be delivered this year vessel scrapping will begin in earnest and will continue at pace until 2027. Nick Savvides Go to seatrade maritime

No immediate return to Red Sea transits after Israel-Hamas ceasefire Unclear Houthi red lines and the threat of civil war in Yemen extend threat to shipping beyond a potential ceasefire in Gaza. Gary Howard Go to seatrade maritime

Unions and carriers square off over Aussie port dispute The International Transport Workers Federation (ITF) has “condemned” carrier representative Shipping Australia Limited (SAL) for meddling in the country’s docker’s dispute. Nick Savvides Go to seatrade maritime

Singapore sales of alternative fuels over 1m tonnes in 2024 Sales of alternative fuels in the world’s largest bunkering port surpassed 1 million tonnes last year, but still only accounted for little more than 2% of volumes sold. Marcus Hand Go to seatrade maritime

Vision 2030 enables world-class logistics services in Saudi Arabia, says Sedres Updates to regulations and a business environment friendly to investors have rapidly matured the Saudi logistics market. Seatrade Maritime Go to seatrade maritime

Berge Rederi general cargo ship pair to get Norsepower Rotor Sails Norwegian owner to deploy one wind-powered transporting marble on North Sea routes along Norway’s coast. Gary Howard Go to seatrade maritime

KR grants AiP for liquid hydrogen tank vacuum insulation system Scalable liquid hydrogen storage cuts vacuum creation process duration from months to days. Gary Howard Go to seatrade maritime

James Fisher and Sons orders four LNG dual-fuel tankers from Jinling Shipyard LNG dual-fuel product and chemical tankers ordered under ‘fleet of the future’ strategy. Katherine Si Go to seatrade maritime

Over one month since last confirmed Red Sea attack on shipping Quietest period for Houthi attacks since crisis began in late 2023 comes as expectations of Israel-Hamas ceasefire grow. Gary Howard Go to seatrade maritime

Baltimore bridge disaster ship Dali completes repairs in China The containers ship Dali that collided with the Francis Scott Key bridge in March last year closing the port of Baltimore has completed repairs. Marcus Hand Go to seatrade maritime

NYK establishes offshore wind services jv Japanese shipowner NYK partners with Akita Eisen in a joint venture for maintenance and management of crew transport vessels. Marcus Hand Go to seatrade maritime

China’s imports and exports set a new record in 2024 China’s foreign trade hit an all-time high of RMB43.85 trillion ($5.98 trillion) in 2024, an increase of 5% year-on-year. Katherine Si Go to seatrade maritime

Wallenius Wilhelmsen wins 12-year Gothenburg ro-ro terminal contract Norwegian group to take over operations in February 2026 from Logent Terminals Gary Howard Go to seatrade maritime

US sanctions ‘unprecedented number’ of shadow fleet ships In a sweeping new round of sanctions against Russian oil trading the US Treasury has blocked 183 vessels from the shadow fleet. Marcus Hand Go to seatrade maritime

Significant impact from Shandong Port Group sanctioned tanker ban Shipbrokers Gibsons sees potentially significant repercussions for larger tankers from the ban on sanctioned tonnage by the Chinese port group. Paul Bartlett Go to seatrade maritime

Cosco Shipping Holding expects 95% profit increase in 2024 Chinese shipping giant Cosco Shipping Holding has announced an estimated record net profit of RMB55.37 billion ($7.55 billion) in 2024. Katherine Si Go to seatrade maritime

Port of Açu, Yamna ink green ammonia plant in Brazil Yamna aims to set-up a 1 million tonnes per annum green ammonia production facility in the Brazilian port industrial facility. Michele Labrut Go to seatrade maritime

Scorpio Tankers mulls bond issue to refinance debt Run of investor calls underway may be followed with a five-year bond to refinance existing bond. Gary Howard Go to seatrade maritime

Asian maritime security in Q4 – AIS spoofing and crimes at sea Persistent acts of armed robbery and theft continue to impact shipping against the backdrop of AIS spoofing and geopolitical activities Go to seatrade maritime

Shanghai kicks off green methanol production project Shanghai starts construction of green methanol project with a production capacity of 100,000 tons. Katherine Si Go to seatrade maritime

Container shipping’s reformation in full swing A lone wolf, alliances extolling the virtues of co-operation and the new philosophy answering calls for reliable services and greener shipping, the modern maritime supply chain resembles a Lutheran reformist society. Nick Savvides Go to seatrade maritime

LNG dominates in record year for alternative-fuelled vessels There were 515 alternative-fuelled newbuildings ordered last year up some 38% on 2023 according to classification society DNV. Marcus Hand Go to seatrade maritime

In pictures: Houthi-struck MT Sounion salvage completed Discharge of Sounion’s cargo marks the end of a complex salvage operation with extensive military and political involvement. Gary Howard Go to seatrade maritime

Fleet Management Limited opens Greece office As new CEO formally takes role, ship manager adds Athens office, appoints senior business development leader in Japan. Gary Howard Go to seatrade maritime

IMO GHG emissions pricing mechanism proposal backed by 47 nations Shipowners and governments back creation of multi-billion dollar decarbonisation fund from annual GHG emissions levy. Gary Howard Go to seatrade maritime

SAAM Towage Canada bolsters fleet SAAM Towage Canada has taken delivery of two new line handlers built in China Michele Labrut Go to seatrade maritime

Baltic Dry Index drops below 1,000 points The dry bulk shipping market has continued its miserable run in Q4 2024 into the new year. Marcus Hand Go to seatrade maritime

Shandong Port Group bans entry of US-sanctioned vessels The northern Chinese ports operator, Shandong Port Group, is banning all US-sanctioned vessels calling at its ports within Shandong provinces. Katherine Si Go to seatrade maritime

Dry bulk shipping market outlook for 2025 Dry bulk shipping overall enjoyed a better year than expected in 2024, however Q4 saw a sharp dip in market fortunes, so where are we headed in 2025? Marcus Hand Go to seatrade maritime

Cosco Shipping responds to US Chinese military companies listing Chinese shipping giant Cosco Shipping Group has released official statement responding to the update names of Chinese military companies released by US government. Katherine Si Go to seatrade maritime

DP World hits 100 million teu of capacity DP World’s global container terminal portfolio has grown by a third over the last decade to hit the landmark 100 million teu in capacity. Michele Labrut Go to seatrade maritime

Gryphon FPSO shutdown accelerates North Sea oil and gas decline The long-planned move by TotalEnergies is another step in the greening of the UK energy grid which will require the offshore wind sector to develop at a dramatically faster pace between now and 2030. Paul Bartlett Go to seatrade maritime

A year is a long time in supply chain and logistics In early January 2024 container lines were grappling with diverting vessels from the Red Sea to avoid Houthi attacks – how has the situation changed over the last 12 months? Nick Savvides Go to seatrade maritime

Container shipping market outlook for 2025 Houthi attacks on ships in the Red Sea and diversions via the Cape of Good Hope resulted in a much stronger container shipping market than expected last year, but will this be sustained in 2025? Marcus Hand Go to seatrade maritime

Berge Bulk and BHP pilot B100 biofuel voyages The dry bulk shipowner is trialling B100 biodiesel on voyages between Australia and China on a Newcastlemax carrying iron ore for BHP. Go to seatrade maritime

Vard working on integration of nuclear reactors into ship designs Shipbuilder joins Norway-led Nuclear Ship Propulsion project evaluating small modular reactor technologies for marine use. Gary Howard Go to seatrade maritime

Seatrade Maritime Qatar Conference and Exhibition Set to Launch in February Mwani Qatar sees event as an opportunity to strengthen collaboration with government and private sectors while exploring cutting-edge innovations and technologies that are shaping the future of the maritime industry. Seatrade Maritime Go to seatrade maritime

The world’s largest pile-driving vessel delivered by ZPMC A Chinese developed pile-driving vessel, the largest of its kind, has been delivered in Jiangsu province. Katherine Si Go to seatrade maritime

NYK looks ahead to a year of Trump opportunities and regional delegation Japanese giant working to break countries and regions free from Tokyo direction with greater autonomy and delegated power. Gary Howard Go to seatrade maritime

AI set to tackle Increasingly complex logistics challenges Advanced technological solutions could offer an answer to the challenges of safety and security in supply chains by allowing shippers to know their logistics partners better. Nick Savvides Go to seatrade maritime

ASRY signs AMPTC fleet maintenance deal Bahrain yard and Kuwaiti tanker owner strengthen ties with vessel docking and maintenance agreement. Gary Howard Go to seatrade maritime

Offshore crew transfer at over 50 knots Singapore shipyard Strategic Marine has delivered its first surface effect crew boat to All Energies Services (AES) which rides over the water on an air cushion. Marcus Hand Go to seatrade maritime

Cargo growth firing on all cylinders in 2025 How will global the macro-economic outlook impact shipping markets in 2025? Marcus Hand Go to seatrade maritime

Container freight rates on the increase as year starts Spot container rates were on the rise in the final days of 2024 and start of 2025 as a possible US East Coast port strike looms and the threat of tariffs from incoming US President Trump. Marcus Hand Go to seatrade maritime

Equatorial orders LNG bunkering vessel from CIMC Enric CIMC Sinopacific Offshore and Engineering, a subsidiary of CIMC Enric, has inked a LNG bunkering and supply vessel contract with Singapore-based marine fuel logistics company Equatorial Marine Fuel Management Services. Katherine Si Go to seatrade maritime

No short-term overcapacity for container lines In its final report on the container shipping trades of 2024 consultancy Alphaliner has forecast that there will be no overcapacity challenges in the near-term as carriers seek to plug gaps in their services. Nick Savvides Go to seatrade maritime

Record investment in alternative fuel tonnage in 2024 Alternative fuel capable tonnage made up half of new orders last year as LNG returned to dominance. Gary Howard Go to seatrade maritime

How can an airline meet seafarers’ needs? Qatar Airways shares the services it offers to seafarers and maritime companies to get crews to their destinations happy and on time. Seatrade Maritime Go to seatrade maritime

PTP sees 10% volume growth to surpass 12 million teu The Port of Tanjung Pelepas (PTP) became the first Malaysian port to handle more 12 million of containers annually in 2024. Marcus Hand Go to seatrade maritime

MSC CEO Soren Toft elected chair of WSC MSC chief Soren Toft is the newly elected chairman of the carriers’ representative the World Shipping Council (WSC). Nick Savvides Go to seatrade maritime

2024 tanker orders to reach second highest level in history MSI expects tanker orders to slow through 2028 after the ordering spree of 2023-2024. Gary Howard Go to seatrade maritime

Second CO2 carrier delivered to Northern Lights Carbon storage JV prepares for transition to operational phase as first vessel approaches Norway. Gary Howard Go to seatrade maritime

Huawei eyes logistics hub in Piraeus Chinese tech giant Huawei is keen to create a European Logistics Hub at Piraeus Container Terminal’s facilities (PCT), as an entry point for its products into the regional market. David Glass Go to seatrade maritime

US shipping looks ahead with 50-year-old containerships SL7Expo looks to turn retiring 1970s box ship into US maritime industry hub, classroom, and recruitment centre. Barry Parker Go to seatrade maritime

Working through the holidays As the festive season draws ever closer and people around the world prepare to celebrate with family and friends, many seafarers continue to be at sea and apart from their families. Sandra Welch, CEO of the Seafarers Hospital Society, discusses the difficulty of being away from loved ones at this time…

Season’s Greetings from the Seatrade Maritime News Team The Seatrade Maritime News Team wishes you all the best for the holiday season Seatrade Maritime Go to seatrade maritime

Shipping and maritime 2024 – a year in review Seatrade Maritime News takes a look back at the stories that shaped the shipping industry in 2024. Marcus Hand Go to seatrade maritime

Monjasa to start LNG bunkering in the UAE Monjasa is deploying the first dedicated LNG Bunker Vessel (LBV) in the UAE as alternative fuels demand increases. Michele Labrut Go to seatrade maritime

McAllister Towing celebrates 160 years in style McAllister Towing, a behemoth along the US East Coast and in the Caribbean, commemorated the 160th anniversary of its founding by hosting a harbour cruise and gala dinner for 400 plus attendees. Barry Parker Go to seatrade maritime

Cosco Shipping Bulk orders 10 new bulkers Cosco Shipping Group continues to expand fleet with an order for new bulk carriers order placed by its subsidiary Cosco Shipping Bulk. Katherine Si Go to seatrade maritime

Navantia strikes Harland and Wolff deal at knocked-down price Harland and Wolff (H&W) shipyard workers in four locations can breathe a sigh of relief as Spanish state-owned shipbuilding group, Navantia, have completed the long-drawn-out takeover of the Belfast-based shipbuilder following months of negotiations. Paul Bartlett Go to seatrade maritime

SeaLead new Pakistan, Middle East and East Africa service Singapore-headquartered container line SeaLead is set to launch its new Dubai, Karachi to East Africa (DUKE) service on Christmas eve. Marcus Hand Go to seatrade maritime

Lavinia in Chinese seafood reefer jv Greek shipping company Lavinia Corporation and Chinese seafood industry player Liaoyu Group are establishing a joint venture for the operation of new reefer vessels Katherine Si Go to seatrade maritime

Digitalisation is the magic word in crew management Digital tools help maintain high safety standards while online and practical training keep crews up to date on the latest developments, says KOTC. Seatrade Maritime Go to seatrade maritime

Thomas A. Kazakos appointed next ICS Secretary General Director general of the Cyprus Shipping Chamber to take over from Guy Platten in June 2025. Gary Howard Go to seatrade maritime

Shippers concerned at uptick in port congestion Analysts are eyeing small increases in congestion at key regional ports around the globe with concerned interest, as shippers expect a flurry of activity in the New Year in a what is described as a “weird” market. Nick Savvides Go to seatrade maritime

TecPlata first in Argentina to receive Neo-panamax ships International Container Terminal Services, Inc’s (ICTSI) TecPlata has received certification as the first terminal in the country capable of handling Neo-panamax container vessels. Michele Labrut Go to seatrade maritime

LA and Long Beach set to handle nearly 20m teu in 2024 The US West Coast gateway ports of Los Angeles and Long Beach continued to report strong volume growth in November. Marcus Hand Go to seatrade maritime

World’s largest FPSO departs from Jiangsu World’s largest FPSO by tonnage has set sail from Jiangsu, China to serve a Brazilian deepwater oil project. Katherine Si Go to seatrade maritime

Dredging begins at DP World’s $1.2bn Senegal terminal Maritime works get underway to establish 5 km shipping channel to 1.2m teu Port of Ndayane. Gary Howard Go to seatrade maritime

Shandong port launching direct South East Africa service The north Chinese port of Shandong is launching a new direct service between China and South East Africa in collaboration with COSCO Shipping Specialized Carriers. Katherine Si Go to seatrade maritime