Category: News

MARITIME NEWS 4-16-24

City of Baltimore Pursuing Legal Action Against ‘Dali’ Stakeholders Over Key Bridge Collapse

First US-Built Offshore Wind Turbine Installation Vessel Launched in Texas

Panama Canal Increases Booking Slots Amid Expected Rainfall

IMF Sees Slow and Steady Growth of Global Economy

Cargo Growth Continues at Port of Long Beach in March

Sustainable fuels gather momentum

Facilitation Committee tackles digitalization and autonomous shipping

Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion

09/2024 – China MSA announced special action to prevent the failure of ship mechanical and electrical equipment

Hapag Lloyd wants to slightly outgrow market, build more terminals by 2030

Safety at sea: overcoming the challenges of Man Overboard technology

Production at Shanghai shipyard passes milestone

Shanghai’s ship exports see considerable growth in Jan.-Feb.

US winter wheat ratings dip slightly; corn 6% seeded

Groundbreaking Report from ABS and AAPA Shines Light on American Ports’ Readiness to Meet Decarbonization Demands

MARITIME NEWS 4-15-24

Shippers In Baltimore Disaster Face ‘General Average,’ MSC Says

Kalypso and Royal IHC to Build First Jones Act-Compliant Offshore Wind Cable Layer

U.S. Ramps Up Ties With Japan, Philippines to Counter China at Sea

Singapore-Rotterdam Green & Digital Shipping Corridor accelerates digitalisation and decarbonisation with new global value-chain partners

Porthos kicks off: first drilling under seawall

Maersk employees innovate a system to deliver fresh water from Maersk’s vessels to ports

Drewry: Ports & Terminals Equity Index Up 8%

New report provides a blueprint for how ports can supply green methanol and ammonia by 2030

Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates

Nordic Hydrographic Commission becomes first regional hydrographic commission to partner with Seabed 2030

G7 Transport Ministers meeting in Milan briefed by ICS Chairman, Emanuele Grimaldi, on Security and Decarbonisation

Setting Sail To Build In Europe 10,000 Sustainable And Digitalised Vessels By 2035

Paving the way for large-scale transportation of liquid hydrogen

MARITIME NEWS 4-12-24

Worker Shortage Hobbles Construction of U.S. Navy Frigates

Biden Administration Approves Eighth Offshore Wind Project

Testing for digital sea and inland port networking has commenced

Investigators focus on electrical system of ship in Baltimore bridge collapse

Chinese company to help build Peru port

US investigators interview ship personnel in Maryland bridge collapse

IMO signals shipping’s decarbonisation progress

Maersk North America Market Update

Achieved a 93.8% Methane Slip Reduction Rate in Onshore Tests and Received the Statement of Fact for the First Time in the World

ClassNK awards approval in principle (AiP) for methanol fuel supply system developed by Mitsui E&S Shipbuilding

MARITIME NEWS 4-11-24

U.S. and Canada Sign Historic Agreement to Boost Vessel Traffic Services in the Great Lakes Region

DFDS to Electrify Cross-Channel Transport with Battery-Powered Vessels

Panama Canal Plans to Normalize by 2025, Weather Permitting

Electric Tug Fleet Launches at Port of Vancouver

U.S. Ramps Up Ties With Japan, Philippines to Counter China at Sea

Kongsberg Maritime to supply Promas propulsion systems for the United States Coast Guard’s new Offshore Patrol Cutter program

GSBN study on digitalisation’s impact on shipping’s decarbonisation calls for accelerated adoption and greater interoperability

New Study Offers Critical Safety Recommendations for Establishing Green Shipping Corridors

ClassNK awards approval in principle (AiP) for ammonia fuel supply system and ammonia gas abatement system developed by Mitsubishi Shipbuilding

Shipbuilding Projects with Ammonia Engines Firm Up

Georgia Ports handled 436K TEUs in March

Fleet of Electric Tugboats Unveiled in Vancouver by SAAM and Public and Private Sector Partners

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine

Corn rises ahead of US supply-demand report; wheat, soybeans ease

MARITIME NEWS 4-10-24

Retailers Raise U.S. Imports Forecast as Growth Continues

China’s EV Export Boom Fuels Surge in Demand for New Car-Carrying Ships

MSC Disputes ‘Excessive’ Fine for Alleged Shipping Act Violations

Veson Shipping Market Outlook: Chinese economy’s recovery, elevated interest rates and ongoing political tensions add to an atmosphere of uncertainty

EU MRV extended to ships from 400 GT – start preparing now

March U.S. Import Container Volume Continues Strong Trajectory

Weighing up energy saving technology options

DNV awards AIP to HMD for new Ammonia-Powered LPG carrier designs

NYK to Issue Transition Bonds and Green Bonds Boosting Ship Fuel Conversion from a Financing Perspective

HD Korea Shipbuilding wins $466M order for 4 ammonia carriers

MARITIME NEWS 4-9-24

Star Bulk Completes Merger with Eagle Bulk Shipping

U.S. Coal Exports Expected to Take Big Hit from Baltimore Port Closure

Navy Secretary Del Toro Calls for Modernization and Expansion of Domestic Shipbuilding

Carnival Corporation Signs LTSA with MAN PrimeServ

Promoting more robust DP power systems with closed bus-ties

Eco Marine Power to cooperate with Nakashima Propeller in exploring maritime applications for composite materials

Baltimore bridge collapse has not triggered an increase in ocean freight shipping rates – but 2024 is still set to be a year of supply chain disruption on US East Coast

From Sea to Savings: How MSC Short Sea Shipping is Reducing CO2 and Costs

The future of seafarers in the cruise industry

Overcapacity Still Plaguing Container Shipping

Royal Bodewes selects DMC to supply steering gear, bridge controls and propeller nozzles 4 newbuild cargo and Ro-Ro vessels to be outfitted

MARITIME NEWS 4-8-24

Hyundai’s Ship Repair Firm Seeks Biggest Korean IPO Since 2022

Maersk Contests Transnet’s Pick for South African Port Partner

Navigating Through Global Trade’s Troubled Waters

ClassNK issues SOF for analysis of hull performance and operational profile for ship in service

TECO 2030 Receives AIP for Containerized Fuel Cell Power Generator

IMO announces new group of emerging leaders to join green shipping training programme

Controlling shipping line surcharge increases for market stability

Drewry LNG Shipping Equity Index Rose By 14.6% in March

Can onboard carbon capture tech clean up the shipping sector?

Ammonia shipborne trade: Navigating the bubble for sustainable growth

Future fuels A to Z – 19 best picks on future marine fuel technology

Biden surveys collapsed Baltimore bridge, pledges help

China’s travails in U.S. boost Korean shipbuilding, shipping shares

HD Korea Shipbuilding opens decarbonization R&D center

MARITIME NEWS 4-5-24

Federal Grant Boosts Cargo Capacity at Tradepoint Atlantic Amid Baltimore Bridge Collapse

X-Press Feeders Partners with European Ports on the Establishment of Green Shipping Corridors

ClassNK: Joint R&D agreement signed to expand anti-roll tank application to large container ships

Baltimore shipping set to resume by end of April with full capacity by end of May

DNV issues GASA to HD Hyundai for ‘world-first’ hybrid super-strength support structure

ClassNK facilitates transition to zero-emission with energy efficiency improvement, alternative fuels, onboard CCS

Corvus Orca – first marine ESS to be awarded ClassNK Type Approval

The Year of Rail: Making New Cargo Connections

Korean Shipbuilders Book US$13.6 Billion in New Orders in Q1

MARITIME NEWS 4-4-2024

Baltimore Key Bridge: Container Lines Reroute While Automotives Appear Hardest Hit

HMM Lines Up Methanol and LNG Fuel Supply in Shanghai Port

Zero Emission Shipping Accelerated with Launch of Carbon Insetting Program

ASA-SNEC highlights urgent attention to Maritime Security in the Red Sea, and advocates support for the R&D Funding Vital for Industry’s Net-Zero Transition

ClassNK issues type approval certificate for lithium-ion storage battery system developed by Corvus Energy

ZeroNorth opens new office in Japan, advancing sustainable shipping in Asia

Solar and Wind Power Generation Begins at Finished-Vehicle Logistics Terminal at Port of Tianjin, China Toward the realization of an eco-friendly green terminal

Hyundai Heavy held talks with Daewoo Shipbuilding to buy stake – official

Damen Shipyards and CMA CGM to cooperate on increasing container ship efficiency

Wet April outlook offers mixed benefits for US winter wheat, corn

MARITIME NEWS 4-3-24

Wallenius Wilhelmsen Expects Up to $10 Million Hit from Baltimore Bridge Collapse

Inbound Container Growth Pushing U.S. Ports to Their Limits, Shipping Veteran Says

Wartsila to Deliver its First Ammonia Ship Engine in Early 2025

Baltimore bridge collapse reveals a critical gap in federal government’s port protection powers

Southampton: Port incentives switch freight from road to rail

Second channel opens around collapsed Baltimore bridge, but not for shipping

Container Traders Anticipate Rise In Disruptions and increase in container prices in the Wake of Baltimore Bridge Collision

IMO agrees possible outline for maritime “net-zero framework”

COSCO Shipping to bulk up with 80 new vessels

Korea reclaims crown from China as world’s top shipbuilder

Shipping regulation updates introduced to enhance safety at sea

MARITIME NEWS 4-2-24

Captain’s Complacency Led to Bridge Strike on Mississippi River

U.S. Navy Shipbuilding Running Behind Schedule

Biden Administration Approves Eighth Offshore Wind Project

Forecast impact on US East Coast container port calls following collapse of Francis Scott Key Bridge in approach to Baltimore Port

The Sea Cargo Charter expands its scope to accelerate shipping’s decarbonization

Shipping industry faces fuel dilemma in bid to cut emissions

Trapped vessels start moving out of Baltimore after bridge collapse

Innovation from North-East pioneering green technology company on track to revolutionise decarbonisation of vessels

“K” LINE enters into Long-Term Time Charter with QatarEnergy for Four Newbuilding LNG vessels

CMA CGM and GTS Logistic announce establishment of strategic joint venture for decarbonized transportation and logistics services in Europe

MARITIME NEWS 4-1-24

California Lawmakers Urge Delay in New Marine Vessel Retrofitting Rule

Navigating Uncertainty: El Niño, La Niña, and the Panama Canal Drought

Baltimore Ship Accident Has East Coast Ports Scrambling To Absorb Cargo

QatarEnergy To Charter 19 New LNG Vessels Expanding Fleet Further

Baltimore bridge collapse: Ships carrying cars and heavy equipment need to find a new harbor

Baltimore Bridge Collapse: Temporary Channel Opens

Austal Rejects Takeover Proposal from Hanwha Ocean