Category: News

MARITIME NEWS 6-18-24

Panama Canal Considers New Reservoir to Help Maintain Water Levels

Healthy TEU Volumes at U.S. Ports Amid Softening Industrial Demand

PC Vessels Drive Order Performance of Korea Shipbuilding Industry

SGX-Listed Mooreast to Acquire 98,919 sqm Facility from Seatrium, Quadrupling Production Capacity to Serve Floating Offshore Renewable Sector

South Korea Bolsters Shipbuilding Industry with $10.75 Billion Financial Support

AI can help shipping industry cut down emissions, report says

China Merchants Energy Tech strike deal with Union Maritime Ltd to supply BAR Technologies WindWings® for new MARIC designed LR2 tankers at New Yangzi Shipbuilding

SRC and GREEN MARINE join forces to bring Methanol Superstorage to market

Hoppe Now in the USA

Lotte, Hanwha face backlash for entering shipping industry

MARITIME NEWS 6-17-24

Retail Strength Drives Container Volume Growth at Port of Savannah

States Sue to Block Biden Administration Rule on Offshore Decommissioning

Industry Mixed on Duration of Prolonged Red Sea Crisis

Port call optimisation is key to reducing greenhouse gas emissions in ports

Large-scale electrolyser and wind energy landing point on the Maasvlakte

Zero Emission Port Alliance (ZEPA) onboards leading organisations in container port industry

South Korean Shipbuilding and Steel Giants Unite for Liquid Hydrogen Carrier Research

Red Sea diversions and slower ports cause bigger-than-expected issues – will they last?

Industry leaders call on governments to recognise impact of increasing protectionism globally at leading Summit in Montreal

Strong decarbonisation strategy for your ship? 3 simple steps to success

MARITIME NEWS 6-14-24

Container Spot Rates Set to Rise Further

Trade Slows at Southern California Ports in May

The Valencia Containerised Freight Index (VCFI) decreases in May by -12.98%

Port of Long Beach Trade Slows in May

Digital innovation: APM Terminals calls first movers to join Innovators Program to enhance visibility and reliability for customers

Port of Seattle Accelerates Shore Power Requirement for Cruise Vessels

Wilson Sons owns the world’s 6th best container terminal of less than 500,000 TEUs — Salvador Container Terminal — says World Bank

Mammoet awarded construction upgrade of Hawaii dry dock

Strategic Marine Enters Into Memorandum Of Understanding With Mainprize Offshore For Six New Supa Swath Vessels, With Options For Six More

Ardmore Shipping: Leading the charge in energy efficiency technologies

Spot rate growth slows but ocean container shipping market will remain extremely challenging

FBX Index June 2024: Pandemic-level disruptions

MARITIME NEWS 6-13-24

Port of Los Angeles Reports Mixed Results for May

Cargo Integrity Group Identifies ‘Cargoes of Concern’ to Boost Global Supply Chain Safety

U.S. Sanctions LNG Carriers and Chinese Yard to Disrupt Russian Energy Projects

California Senate Committee Passes Bill Improving Safety of Harbor Vessel Emissions Regulation

Port Of Tanjung Pelepas Wins Industry Excellence Award 2024

SAAM Terminals highlighted the value of data to optimize operations at TOC Europe 2024

U.S. East Coast port union strike threat to test shippers’ nerves

Baltimore’s busy port fully reopens after bridge collapse, and a return to normal is expected

Port Of Los Angeles May Cargo Volume ‘Strong, Consistent’ At 753,000 Container Units

Los Angeles Harbor Commission Approves $2.6 Billion Port Budget For Fiscal Year 2024/25

S. Korean shipbuilders focus on ammonia-fueled ships amid China’s dominance in methanol

Can Shipping Catch Up? New Report Demonstrates Shortfall Against New Climate Goals

MARITIME NEWS 6-12-24

Potential Strike Action at U.S. East and Gulf Coast Ports Threatens Further Disruption, Higher Shipping Rates

Panama Canal Continues to Ease Drought Restrictions as Rainy Season Kicks Off

Dwell Times Stabilize as Port of Baltimore Resumes Full Operations

U.S. Port Strike Threat to Test Shippers’ Nerves

New York’s South Brooklyn Marine Terminal Begins Transformation into Offshore Wind Hub

Biden administration touts quick Baltimore channel reopening

Kalmar Continues To Drive Decarbonisation Of Cargo Handling With New Electric Empty Container Handler

Biggest U.S. ports union suspends labor talks, with East Coast, Gulf Coast strike risk rising

CO2next project for fluid CO2 storage and handling enters FEED phase

US importers caught in a vicious circle as labor union strike threat raises fears of soaring freight rates and massive disruption at US East and Gulf Coast ports

Shipping container prices soar by 26% in Singapore, leasing rates double

Berg secures Louis Dreyfus Armateurs propulsion package for wind-assisted Airbus ro-ro vessels

TES and “K” LINE Partner for Sustainable Maritime Shipping Solutions

MARITIME NEWS 6-11-24

Record Low in Containers Lost at Sea in 2023

Hapag-Lloyd Sees Prolonged Red Sea Reroutings Regardless of Ceasefire

U.S. Imports Surge Amid Rising Consumer Spending

Konecranes powers up for the future by expanding its electrified portfolio and redefining operations between ship and container stack technology

Baltimore Port key channel reopens following bridge collapse

Rajant And Embotech Strategic Partnership Advances Port Autonomy

Logistics: World’s best ports, Baltimore’s return

APM Terminals ramps up capacity with agreements for 240 pieces of container handling equipment

Damen introduces fully electric FCS 3210

HD Korea Shipbuilding & Offshore Engineering Signs New Shipbuilding Contracts

GTT Secures Two Major Approvals for its GTT NEXT1 LNG Cargo Containment System

LNG newbuilding values at record high: 78 newbuild orders placed in 2024, doubling 2023

World Shipping Council Releases Containers Lost at Sea Report – 2024 Update

Appointed Developers for Green Innovation Fund Project-Floating Offshore Wind Turbine Demonstration Project off the Coast of Aichi Prefecture

Houlder showcases innovative methanol bunkering vessel design in SPINE project

SeaLead Launches Liner Shipping Service Connecting China, South Korea and US West Coast

MARITIME NEWS 6-10-24

Bunker Spill Closes Antwerp Dock and Lock

Offshore Consolidation Continues as Noble Corp Offers $1.6 Billion for Rival Diamond Offshore

Behind the scenes: the shipyard

APM Terminals Elizabeth Advances $5M Electrification Pilot Project with $1.4M EPA Grant

Freeport East welcomes million-pound funding for international green hydrogen project 

Port call optimisation is key to reducing greenhouse gas emissions in ports

HD KSOE gets $100 mn order for two PC ships

Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

HD Hyundai’s ascent driven by visionary spinoff push

Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

Ammonia cuts shipping GHG emissions by up to 61%

First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse

TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project

LR and SDARI in joint development project for third-generation ‘Dolphin’ 64,500 DWT bulk carrier

Recommendations on Global Risks Call for Action

MARITIME NEWS 6-7-24

$476 Billion: U.S. Marine Economy Continues Upward Trend

U.S. Container Imports Continue to Gain

Container Spot Rates in China Set to Hit Five Figures

FMC Seeks Public Input on Maersk and Hapag-Lloyd’s Gemini Cooperation

Are Geopolitical Conflicts Push Shipping Towards a Golden Era?

Maryland and Federal Government Collaborate on Offshore Wind Energy

The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’

May 2024 U.S. Containerized Imports Break 2.3M TEUs

US-India trade boost as new ONE WIN service calls APM Terminals Mumbai and Port Elizabeth

Drewry; World Container Index Up 12% Last Week, 181% Versus 2023

Danish Shipping and The Emirates Shipping Association sign agreement on closer future cooperation

ExxonMobil announces dual fuel/LNG validation by WinGD for Mobilgard™ 540 AC, its high performance two-stroke 40BN cylinder oil

World Environment Day and World Ocean Day: CEVA Logistics confirms commitment to sustainable global supply chain

MARITIME NEWS 6-6-24

East and Southeast Asian Ports Dominate 2023 Global Container Port Performance Index

U.S. Container Imports Continue to Gain

Kalmar to deliver eight Eco reachstackers to Maritime Transport, enabling fuel and emissions savings

APM Terminals hubs to help Gemini Cooperation achieve 90%+ schedule reliability

APM Terminals ramps up capacity with agreements for 240 pieces of container handling equipment

ZF and Aidrivers agree on a strategic cooperation to offer autonomous mobility solutions in port logistics

KR, Hanwha Ocean, Amogy and Hanwha Aerospace team up for application of ammonia reformers and ammonia fuel cell systems to ships

WinGD, Alfa Laval, ABS and K Shipbuilding join forces for ammonia-fuelled tanker design

Auramarine Wins Methanol Fuel Supply System Order For Pioneering Mein Schiff 7 Cruise Vessel

ABS Issues AIP to Very Large Ammonia Carrier Design from Samsung Heavy Industries

DNV and Petronas CCS ventures collaborate to enable carbon capture and storage (CCS) value chains across Southeast Asia

Trans-Atlantic Panamax market crippled by cargo shortage: sources

Hapag-Lloyd CEO says demand up significantly since May

China shipping container rates jump to 2-year high

MARITIME NEWS 5-31-24

Austal USA Wins $516 Million Contract to Construct Navy Ocean Surveillance Ship

Singapore Reopens Defunct Container Terminals to Tackle Vessel Bunching

Singapore Tuas Port to add three more berths to ease vessel wait time

The port community showcases its environmental achievements and challenges in the Clock Building

IMO secretary-general to join the IAPH 2024 World Ports Conference

Smart Port Challenge 2024 Expanding Reach Globally

IAPH commissions study investigating energy-related port investments in developing countries

First shore power for seagoing vessels arrives at Antwerp Euroterminal

Damen delivers third FCS 2710 Hybrid vessel to Purus

ADNOC L&S signs contracts for LNG carriers with South Korean shipyards

Shipping’s new reality

Drewry: World Container Index up 151% on a Yearly Basis

Escalating emissions: How Red Sea disruptions are driving up carbon emissions

At INTERCARGO meetings in Tokyo, safety and decarbonisation were key issues for members

ClassNK releases ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’- adding safety requirements for hydrogen-fueled ships

Eastern Pacific Shipping partners with DeepSea Technologies for full fleet roll-out of AI performance solution

MARITIME NEWS 5-30-24

Urgent Call to End Seafarer Abandonment Crisis

Shippers Brace for Asia-Europe Blanked Sailings as Rates Rise

Unexpected Global Warming Spike Due to Abrupt Reduction in Shipping Emissions, Study Finds

TikTok Influencer Sheds Light on Merchant Marine Life

U.S. Navy ‘Botched’ Design Oversight of $22 Billion Frigate, GAO Report Finds

Container throughput at China’s ports up 9% in January-April

Chinese vice premier stresses port facility, shipping capacity development

Panama Canal resumes operations through the east lane of the Miraflores locks after spill

“Busan Port is at risk of losing hub port status due to new shipping alliance”

PSA Singapore and PIL Successfully Trial a Low-carbon End-to-End Shipment, Furthering Supply Chain Decarbonisation

Chinese-Singaporean consortium to build port in Georgia, government says

Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic

Frontline Reports Solid First Quarter 2024 Results, as It Takes Delivery of 13 VLCCs From Euronav

Laskaridis Shipping Co. LTD., CARES and Metis to find realistic pathways to shipping’s low carbon future

Autonomy will advance maritime decarbonization

New Director of Strategy and Energy Transition at IMCA

Members of German Parliament Visit NYK Discussions included decarbonization strategy and ammonia fuel-related business

MARITIME NEWS 5-29-24

Federal Maritime Commission Secures Over $2.3M in Civil Penalties from Three Companies

Johns Hopkins Engineers Launch Urgent Assessment of U.S. Bridges

IMO Members Adopt Resolution Condemning Attacks in Red Sea and Gulf of Aden

Wallenius Wilhelmsen Orders Four More ‘Shaper Class’ PCTCs

Yorktown Institute Calls For New Merchant Marine War College and Maritime Policy Overhaul

China’s Port Throughput Continues to Grow; Export Decline Slows Further

Analysts continue to like Yangzijiang Shipbuilding following positive order book momentum

Korea, UAE sign 19 agreements, including $1.5B LNG carrier deals

Bulker newbuilding values at 15-year high: Values for newbuild vessels of 180,000 DWT up by c.5.45% from USD 66.09 mil to USD 69.63 mil

Maritime charity provides support in face of alarming rise in abandoned crew

Windward Launches Organization Defined Risk, Setting a New Standard of Risk Management with Automated, Configurable Parameters

VIKAND and Riverr Forge Strategic Partnership to Revolutionize Maritime Health Management with Advanced AI Integration