Tag: seatrade maritime

Adopt A Ship expanding in-school maritime awareness program in The Philippines Adopt a Ship to reach 100,000 participating children in 2024-2025 academic year. Seatrade Maritime Go to seatrade maritime

360-metre ore carrier becomes largest wind-assisted vessel Anemoi completes installation of five rotor sails on 400,000 dwt Vale VLOC for up to 6% fuel and emissions savings. Gary Howard Go to seatrade maritime

Europe unprepared for mega container ship casualty A large container vessel accident in European waters could pose significant risks to supply chains due to the lack of equipment to deal with the casualty. Nick Savvides Go to seatrade maritime

ONE and HMM set out Transatlantic plans Ocean Network Express (ONE) is joining together with the members of the Ocean Alliance to cover the Transatlantic as well as a single service with HMM. Marcus Hand Go to seatrade maritime

Tankers could face a rough voyage through 2025 A sharp upturn in deliveries across some sectors of the tanker market could whip up choppy waters over the year ahead. Paul Bartlett Go to seatrade maritime

Shippers warned of chaotic start to 2025 for container shipping Increased tariffs from the Trump 2.0 administration, a potential US East Coast ports strike, and alliance restructuring all promise a turbulent start to the year, according to DHL Global Forwarding. Marcus Hand Go to seatrade maritime

China Merchants Energy Shipping charters bulker pair China Merchants Energy Shipping is to charter two new bulk carriers to balance the company’s fleet structure. Katherine Si Go to seatrade maritime

Inaugural seafarer-led event reaps reward at Seatrade Maritime Crew Connect Global 2024 A seafarer-led networking event hosted during Seatrade Maritime Crew Connect Global in Manila in November has been hailed as the start of vital conversation in inspiring the next generation of seafarers and promoting crewing as a career choice. Seatrade Maritime Go to seatrade…

DryDocks World bags Ostwind 4 converter stations deal Dubai yard earns EPC contract for topsides and jacket structures for German offshore wind farm. Gary Howard Go to seatrade maritime

South Korea to invest $10 billion in Busan Port expansion South Korea has announced plans to double capacity of the nation’s largest port in Busan by 2045. Michele Labrut Go to seatrade maritime

How salvors carried out Dali wreck removal safely The salvage of the container ship Dali from Baltimore harbour involved a collapsed roadway, dangerous cargoes, a gas pipeline, and power cables. Nick Savvides Go to seatrade maritime

CIMC Sinopacific bags LNG bunkering vessels order CIMC Sinopacific Offshore and Engineering inked one plus one LNG bunkering and supply vessel contract with China’s Fuzhou Wuyang Tanker. Katherine Si Go to seatrade maritime

Crown Prince of Abu Dhabi inaugurates CMA CGM Khalifa terminal Completion of $845m CMA Terminals Khalifa Port phase one adds 1.8m teu of capacity to Abu Dhabi hub. Gary Howard Go to seatrade maritime

Compañía Marítima Chilena splashes $85m on MR pair Compañía Marítima Chilena (CMC) has announced the addition of two MR tankers to its fleet, purchased from Scorpio Tankers. Michele Labrut Go to seatrade maritime

Chinese foreign trade up 4.9% in the first 11 months China’s foreign trade increased by 4.9% year-on-year to RMB39.79 trillion ($5.48 trillion) between January and November, sustaining a stable growth. Katherine Si Go to seatrade maritime

GenFlat score tyre shipment contract for collapsible containers Retailer Discount Tire will use the collapsible containers on shipments between Thailand and California. Marcus Hand Go to seatrade maritime

Maersk Training Green Academy enhancing fuel training standards Comprehensive training practical and theoretical training boosts seafarer safety and confidence, says Maersk Training learning & development manager. Seatrade Maritime Go to seatrade maritime

Big banks’ fleet emissions 20% off IMO net zero trajectory Fleets financed by Poseidon Principles signatories were 19.4% off the IMO GHG strategy minimum trajectory in 2023, and 25% off its striving target. Gary Howard Go to seatrade maritime

Dry bulk shipping rates collapse in Q4 The dry bulk shipping markets are experiencing a miserable end to the year with key indexes continuing to tumble. Marcus Hand Go to seatrade maritime

Valenciaport partners with Saggas for hydrogen, bio-LNG and CO2 Spanish gas company Saggas and Valenciaport have signed a memorandum of understanding (MoU) to collaborate on development projects linked to renewable gases and CO2. Go to seatrade maritime

RightShip delays dry bulk inspection changes after industry pushback Age limit for increased vessel inspections will fall from 14 to 10 years in four phases through 2027. Gary Howard Go to seatrade maritime

Container shipping overcapacity set to double in 2025 Newbuilding deliveries in 2025 will double the capacity overhang even following the absorption of capacity following the Red Sea diversions, according to shipbroker Braemar. Nick Savvides Go to seatrade maritime

DP World offers 50kg carbon credits to UK box importers Loaded container imports to Southampton and London Gateway can earn 50Kg in carbon credits in new trial. Gary Howard Go to seatrade maritime

10 trends set to shape APAC supply chain and logistics Glen Hilton, CEO & MD, Asia Pacific for DP World, casts his eye over the dynamics of the Asia Pacific supply chain and logistics market in the year ahead. Go to seatrade maritime

Eastern Pacific to install suction sails on first newbuilding The Singapore-based company is to install bound4blue suction sails on a medium range tanker currently under construction in China. Paul Bartlett Go to seatrade maritime

Cosco Shipping funding six QatarEnergy LNG carriers Cosco Shipping Energy Transportation will jointly fund and build six QC-max LNG carriers with Mitsui OSK Lines (MOL) for QatarEnergy. Katherine Si Go to seatrade maritime

Do you want our LNG or not? QatarEnergy CEO asks EU Qatar Minister for Energy Affairs takes swipe at EU sustainability regulation, penalties, and administrative load. Gary Howard Go to seatrade maritime

Deadline for cargo to beat possible US port strike passed With negotiations between employers and dockworker unions at US East Coast ports a standstill the threat of a renewed strike on 15 January is looming larger. Nick Savvides Go to seatrade maritime

Maritime DEI survey shows shift from policy to accountability First survey of seafarers highlights high level of harassment of women crew members onboard ships. Gary Howard Go to seatrade maritime

Pritchard-Gordon Tankers newbuild order at Jinling Shipyard Pritchard-Gordon Tankers has added a new methanol-fuelled product tanker with an option for a second vessel at China Merchants Jinling shipyard. Katherine Si Go to seatrade maritime

Plain as water: Shipping deserves its due credit Institute of Chartered Shipbrokers President Punit Oza writes about a new initiative – Shipping for Good Collective – aimed at restoring the positive image of shipping and maritime. Go to seatrade maritime

CMB.Tech shuffles three suezmaxes to Bocimar for $120m After struggling to find a tanker buyer with deep enough pockets, CMB.Tech offloads trio to stablemate Bocimar. Gary Howard Go to seatrade maritime

Wind-powered PCTC design tested in 250km/h wind tunnel Wallenius Marine testing bridge shape, wing positioning and placement with five-metre, 1.2 tonne ship model. Gary Howard Go to seatrade maritime

RSGT expanding international reach Terminal operator seeks to build on Middle East and Asia progress with North Africa expansion. Seatrade Maritime Go to seatrade maritime

Changes in trading patterns put rates on different paths Analysts say the surge in freight rates on the Pacific is coming, while the patterns of trade to North Europe and the Mediterranean have seen rates to southern Europe surge again this week. Nick Savvides Go to seatrade maritime

CMA CGM and COSCO launching new Yangpu-Southeast Asia service Three 4,250 teu ships to provide new weekly service between Hainan province, Thailand and Vietnam. Katherine Si Go to seatrade maritime

GTT three-tank LNG carrier design set to slash emissions A dramatic switch from four tanks to three in a new LNG carrier design from France’s GazTransport & TechniGas (GTT) could reduce voyage-based emissions by up to 27%. Paul Bartlett Go to seatrade maritime

Konecranes completes acquisition of Peinemann subsidiaries All-clear from competition authorities sees Konecranes acquire Rotterdam lift trucks distributor. Michele Labrut Go to seatrade maritime

Asyad builds regional and global ties with SFS acquisition Logistics and trade links between Saudi Arabia and Oman continue to strengthen, cutting transit times and increasing throughput capacity. Seatrade Maritime Go to seatrade maritime

Seaspan Energy completes first STS LNG transfer in Long Beach First operation marks the launch of Seaspan Energy’s LNG West Coast North America LNG bunkering service. Gary Howard Go to seatrade maritime

FMC to investigate Spain’s refusal to handle US freight The US Federal Maritime Commission (FMC) will investigate whether Spanish authorities violated international agreements earlier this year. Nick Savvides Go to seatrade maritime

Chile extends San Antonia Terminal Internacional concession to 2030 Investment milestone and capacity expansion triggers concession renewal. Michele Labrut Go to seatrade maritime

Running ships more efficiently could dwarf other emissions reduction strategies UCL and UMAS joint study shows huge potential of voyage optimisation to cut port wait times. Paul Bartlett Go to seatrade maritime

GSL snaps up high-reefer quartet for $274m Deliveries in December 2024 and January 2025 will reunite quartet with trio of sister ships in GSL fleet. Gary Howard Go to seatrade maritime

Norden sells two capesizes, firms five purchase options Danish owner signs two newbuild leases, exercises purchase options for four tankers and a bulk carrier. Gary Howard Go to seatrade maritime

China launches Hainan international ship registry Yangpu-headquartered registry to support development of free port. Katherine Si Go to seatrade maritime

Enap and SAAM to receive Latin America’s first electric tug Tug launched at Turkey’s Sanmar shipyard set to reach Chile next year after sea trials. Michele Labrut Go to seatrade maritime

Are shippers preparing for Trump’s 2025 tariff ‘curveball’? Raised US import forecasts and recent rate index softening sends mixed signals on US stockpiling. Nick Savvides Go to seatrade maritime

Navtor releases FuelEU upgrade to NavFleet voyage monitoring software With under a month until Fuel EU enters force, software update set to tackle regulatory admin burden. Paul Bartlett Go to seatrade maritime

Black lists and false flags in Russia’s sanctioned fleet Panama flag moves to quickly eject six tankers recently added to the UK sanctions list. Gary Howard, Michele Labrut Go to seatrade maritime

Port of Salalah focused on growth and adaptability Omani port maintains progress on expansion project after finding opportunities in Red Sea disruption. Seatrade Maritime Go to seatrade maritime

Energy partners plan to develop green ammonia with wave power SwitcH2 and CorPower Ocean plan to use FPSO technology to develop a floating wave-powered green ammonia production plant. Paul Bartlett Go to seatrade maritime

PIL strengthens South West Africa service Pacific International Lines (PIL) is updating its South West Africa Container Service to meet growing market demands and ensure a more reliable scheduling. Katherine Si Go to seatrade maritime

Todd Clough, President & CEO of Fairfield Chemical Carriers LLC receives 2025 Commodore Award Todd Clough, President and CEO of Fairfield Chemical Carriers LLC has been announced as the recipient of the prestigious Connecticut Maritime Association (CMA) Commodore Award for the year 2025. Seatrade Maritime Go to seatrade maritime

Maritime in Minutes – November 2024 in review Trump’s trade tariffs, wind-powered ships gaining ground, and the image of shipping and seafaring – all this and much more on the latest episode of Maritime in Minutes. Marcus Hand, Gary Howard Go to seatrade maritime

Maersk pens deal for 20 dual fuel vessels Maersk has signed agreements for 20 newbuildings, totalling 300,000 teu in capacity, with yards in China and South Korea for delivery in 2028-2030. Nick Savvides Go to seatrade maritime

Hapag-Lloyd seals long-term green methanol agreement with Goldwind Early volumes to be delivered from 2026 ahead of green methanol factory completion in 2027. Katherine Si Go to seatrade maritime

CCS supporting alternative fuels, cybersecurity & digital innovation in evolving market China Classification Society is supporting the digital revolution in shipping from ship design through to manufacturing, maintenance, research, and cyber security. Seatrade Maritime Go to seatrade maritime

Houthis attack merchant ships under US Navy escort Ballistic missiles, drones and a cruise missile launched at Navy and civilian vessels transiting the Gulf of Aden. Gary Howard Go to seatrade maritime

Dockworkers on frontline of automation wars North American port workers are battling plans to cut jobs and deskill the workforce, which employers say will reduce costs and drive productivity and efficiencies through automation. Nick Savvides Go to seatrade maritime

Automobile exports from Shanghai Waigaoqiao hit a new high Shanghai Haitong International Automotive Terminal located at Waigaoqiao port area posted a vehicle export volume for the first ten months of 2024. Katherine Si Go to seatrade maritime

Maersk names container ship A.P. Moller in Singapore AP Moller – Maersk named its latest methanol dual-fuel container ship A.P. Møller in Singapore on Thursday. Marcus Hand Go to seatrade maritime

Gemini Cooperation’s 90% reliability aim equals longer transit times Maersk and Hapag-Lloyd’s new alliance big differentiator is the claim that they will reach 90% reliability, however, this means longer transit times even when compared to late arrival by other carriers. Marcus Hand Go to seatrade maritime

Bimco’s FuelEU clause is ‘balanced’ but has gaps, says OceanScore The Hamburg-based ship emissions and marine fuel consultancy has reviewed the draft wording of Bimco’s FuelEU Clause for timecharters, released early this week, and concludes that more work is required. Paul Bartlett Go to seatrade maritime

U-Ming to install Anemoi rotor sails on VLOC Four sails to bring 10-12% fuel savings on 325,000 dwt ore carrier calling China, Brazil, South Africa, and Australia. Gary Howard Go to seatrade maritime

Rotterdam-Singapore completes successful biomethane bunkering pilot End-to-end sustainability certification pilot completed for liquefied bio-methane bunkering in Rotterdam. Gary Howard Go to seatrade maritime

LR completes OTG acquisition Lloyd’s Register Group (LR) has completed the acquisition of Ocean Technologies Group (OTG) from European private equity firm Oakley Capital. Michele Labrut Go to seatrade maritime

Can Trump really push through new tariffs from day 1 of Presidency? Donald Trump states he will impose a 25% tariff on all goods from Mexico and Canada and an additional 10% on all imports from China from the first day of his Presidency. Marcus Hand Go to seatrade maritime

Norsepower opens world’s first dedicated rotor sail factory in China Norsepower has set up a dedicated rotor sail factory in Dafeng, Yancheng city, China. Katherine Si Go to seatrade maritime

Shipping lines won’t pay for reduced emissions by terminal operators The boss of Malaysia’s Westports states that in an industry where price is key return on investment (ROI) is the most important part of the journey in sustainability. Marcus Hand Go to seatrade maritime

Facebook owner Meta signs biofuel deal with Norden Biofuel offtake agreement to offset supply chain emissions from Meta’s computing equipment and construction materials. Gary Howard Go to seatrade maritime

Philippines’ New Cebu International Container Port breaking ground in 2024 Construction could finally be about to get underway at New Cebu International Container Port two decades after the project was envisioned. Michele Labrut Go to seatrade maritime

Jiangnan Shipyard delivers first LNG carrier in series to ADNOC L&S ADNOC Logistics and Services has taken delivery of AI Shelila the first of six newbuild Mark III Flex membrane LNG carriers from Jiangnan Shipyard two months ahead of schedule. Katherine Si Go to seatrade maritime

PSA and Evergreen Singapore container terminal jv Taiwanese shipping company Evergreen Marine has become the seventh container line to establish a joint venture container terminal with PSA in Singapore. Marcus Hand Go to seatrade maritime

First CO2 carrier for Norwegian carbon storage project complete Dalian Shipbuilding ready to deliver first of Northern Lights’ four 7,500 cu m CO2 carriers Gary Howard Go to seatrade maritime

One in three ballast water systems fail to make the grade About a third of all ballast water management systems (BWMS) are failing to meet Port State Control requirements by a wide margin despite having successfully passed commissioning tests after installation. Paul Bartlett Go to seatrade maritime

APMT investing $280 million new Brazil terminal Maersk’s APM Terminals is investing $280 million in a new terminal that will boost container capacity by 60% at the Suape Port in Ipojuca, Pernambuco. Michele Labrut Go to seatrade maritime

Strategic Marine in Japanese newbuilding partnership A collaboration between Singapore and Japanese partners aims to build and design crew boats tailored to the market in Japan. Michele Labrut Go to seatrade maritime

Japanese giants to integrate WindWings into ship designs BAR Technologies makes further inroads in Japan through Mitsubishi Corporation and Nihon Shipyard MoU. Gary Howard Go to seatrade maritime

Turbocharging data-led decision making As the maritime industry faces increasing demands for efficiency, transparency, and sustainability, fleet management software (FMS) is already an established part of a ship operator’s toolbox, but the deeper knowledge of how to make use of it is an increasing demand with shipping companies says Manta Marine Technologies’ Captain Robin Wulf.…

Huge logistics opportunities as Saudi imports grow – Faisal Higgi Saudi port and logistics investments are changing regional supply chains and creating opportunities, according to Faisal Higgi. Seatrade Maritime Go to seatrade maritime

Cosco Shipping and SIPG up investment in Anji Logistics Cosco Shipping Holdings and Shanghai International Port Group (SIPG) increase investments in the Chinese automobile logistics service provider Anji Logistics to extend collaboration on vehicle transportation. Katherine Si Go to seatrade maritime

The world’s largest builder of LNG carriers methane dilemma South Korean shipyards build the majority of shipping’s LNG tanker fleet, but the country has also pledged to reduce methane emissions by 30% in 2030. Nick Savvides Go to seatrade maritime

Ships for America – a great four years ahead for the Jones Act Owners and financiers of Jones Act vessels for the US offshore sector are upbeat on prospects under the incoming administration of President-elect Donald Trump. Barry Parker Go to seatrade maritime

Seafarer mental wellness improves, physical health issues remain The Re:Fresh 2024 study by Marine Benefits gives a comprehensive analysis of the current health and wellbeing of seafarers worldwide. Marcus Hand Go to seatrade maritime

Shandong Port Group opens representative office in South America Shandong Port Group has set up a regional representative office in Rio de Janeiro, Brazil expanding its footprint in the region. Katherine Si Go to seatrade maritime

Tankers directly shuttling oil between Russia and North Korea New report suggests over a million barrels of oil products flowing from Russia to North Korea in 2024, some on UN-sanctioned ships. Gary Howard Go to seatrade maritime

Dutch vessel banned from Aussie ports over dangerous goods stowage The Australian authorities have barred a Spliethoff general cargo ship Marsgracht from entering the country’s ports for six months. Marcus Hand Go to seatrade maritime

Mixed margins as container lines net $26.8bn in Q3 Container line profits rose again in the third quarter, continuing a steep growth trend for 2024. Gary Howard Go to seatrade maritime

Synergy grows fresh vegetables onboard suezmax tanker Three self-contained, AI-controlled boxes onboard Effie Maersk grow up to four bowls of fresh salad per week. Gary Howard Go to seatrade maritime

After the Trump bump, caution on US trade prospects Port of Los Angeles Executive Director Gene Seroka and economist Dr. Mary E. Lovely discuss a period of active trade policy and headaches for cargo shippers as President Trump takes office. Barry Parker Go to seatrade maritime

Taiwan Navigation orders ultramax pair from Oshima Shipbuilding Taiwan Navigation is building two ultramax bulk carriers from a Japanese shipyard for fleet expansion. Katherine Si Go to seatrade maritime

Singapore approves Korean takeover of Dyna-Mac Singapore competition authorities have approved the acquisition of Dyna-Mac Engineering Services by Hanwha Group. Michele Labrut Go to seatrade maritime

Shipowner appeals for Sri Lanka to review case against X-Press Pearl Master X-Press Feeders says it welcomes statements from the new Sri Lankan government that it will reopen investigations into the X-Press Pearl fire and subsequent loss in 2021. Marcus Hand Go to seatrade maritime

Cosco Shipping inks green methanol agreement Cosco Shipping is collaborating with Thailand’s Charoen Pokphand Group and US company Freeport Commodities on green methanol cooperation. Katherine Si Go to seatrade maritime

ABS aligned with Saudi Vision 2030 across technology, workforce, and sustainability Class society investing in technical staff to meet growing demand in the Middle East offshore energy sector. Seatrade Maritime Go to seatrade maritime

Shift in global trade patterns to gather pace An expected sharp increase in tariffs on goods from China imported into the US will see a build-up of ‘strategic inventories’ by Chinese manufacturers. Nick Savvides Go to seatrade maritime

OSM Thome to deploy Kaiko Systems ship inspection technology Software to streamline inspections, automate reporting, and provide real-time guidance. Gary Howard Go to seatrade maritime

Improving the image of seafaring – putting lipstick on a pig? It is a telling sign when the majority of a room full of crewing and ship management executives say they would not recommend a career in shipping to their children. But what can be done to improve the image of the industry? Marcus Hand…

Hong Kong plan of action for green bunkering The Hong Kong government unveiled the Action Plan on green maritime fuel bunkering to promote it as a hub for alternative fuels. Katherine Si Go to seatrade maritime