Global News

With Nigeria considered Africa’s largest economy, it goes without saying that its maritime sector has to play a substantial role in facilitating the country’s trade. Unfortunately, Nigeria’s maritime sector - especially the public-owned port system - continues to reel...

Sixteen commercial maritime industry associations joined together in a letter to the Secretary-General of the United Nations Antonio Guterres calling for action while saying the current situation where merchant ships and their crews are being targeted is “intolerable”...

In the latest setback to U.S. plans to accelerate renewable energy development, New York State regulators today reported they closed the third round of offshore wind solicitation with no final awards. Last fall, New York’s Governor Kathy Hochul had hailed the round as...

Danish media is widely reporting an incident this morning that involved a high-speed passenger ferry that was forced to maneuver when a Russian warship failed to yield or acknowledge the ferry which was underway at full speed. Shipping operator Molslinjen is...

A Japanese consortium made up of coastal shipping company Imoto Lines and marine software company Marindows is launching a government-backed effort to develop a next-generation containership. Plans call not only for the vessel to address decarbonization with the...

China is increasingly seeking to put solar panels on the seas off its coastline, with some state-run companies experimenting as far offshore as 30 kilometers. A global leader in renewable energy, China has already been looking to the ocean to meet its future power via...

The Royal Thai Navy has completed its investigation into the sinking of the frigate Sukhothai in 2022, blaming a combination of bad weather, vessel condition and human error for the casualty.  On the night of December 18, 2022, the 36-year-old frigate Sukhothai...

After a $44 million investment in shore power infrastructure and equipment, all three cruise berths at Pier 66 are now electric. In effect, this advances plans by the facility to become the greenest port in North America with the 2024 Cruise Season seeing more vessels...

DP World’s terminal at the Port of Callao, Peru has begun using the first electric charging station for trucks in Latin America. The new infrastructure is part of the port operator’s decarbonization plans at Callao, with an aim of reducing over 2000 tons of carbon...

Each year, governments around the world give billions of dollars to their fishing sectors. These public funds – around $35.4 billion annually, according to 2018 estimates – pay for everything from building ports to research and development. Some subsidies...

For the first time, contractors for the U.S. Army Corps of Engineers have brought in the East Coast's biggest crane barge to remove a section of the Francis Scott Key Bridge. The large section of the main span was located in the federal navigation channel, and...

The firm’s statistics recorded 64 LNG carriers navigating through the Gulf of Aden and Suez Canal during January and February 2023. In the same period this year, the number had fallen to just seven. In the reverse direction, 59 vessels took the Suez/Gulf of...

Belgium’s Port of Antwerp Bruges, Estonia’s Port of Tallinn, Finland’s Ports of Helsinki and HaminaKotka, Latvia’s Freeport of Riga and Lithaunia’s Klaipeda Port all signed the agreement with the carrier. Collaboration under the agreement begins with the establishment...

The Port of Baltimore could re-open to container ships of up 4,500 teu by end April as work continues to clear the wreckage of the Key Bridge after it was struck by the vessel Dali. Barry Parker | Apr 08, 2024 The US Army Corp of Engineers (USACE), the agency...

NEMO will be headquartered in London and will officially start activities in the second quarter of 2024. The association aims to assist nuclear and maritime regulators in the development of appropriate standards and rules for the deployment, operation, and...

The northern Chinese port of Tangshan in Hebei province is planning to build a 300,000 tonnes-class bulk cargo berth and a 300,000 tonnes-class ore berth. These two new berths will bring 25.6 million tons annual cargo handling capacity to the port having a...

A study by the Brussels-based Transport & Environment group analysed 565 journeys taken by 20 vessels to and from Europe operated by four of the world’s largest carriers, Maersk, Hapag-Lloyd, MSC and CMA CGM, and found that the lines were over-charging in more...

In its report – ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’ – the Helsinki-based company declared that decisive emissions policies such as the inclusion of shipping in the EU Emissions Trading System (ETS) from January this year, and...

Grell cites demarcation of responsibility between owners, managers, and charterers, the buying and selling of EU Allowances (EUAs), charter party terms, and data management, as some of the issues that have not yet been properly addressed by many shipping firms. ...

The two ports discussed various areas of potential cooperation regarding sustainable maritime transport during the UK-Singapore Green Economy Framework (UKSGEF). The meeting was seen as paving the way for further discussions on green and digital shipping cooperation...

However, some shippers and forwarders believe an electronic payment system favours the shipping lines, who can use the system to make late payment charges, adding another minor revenue stream to their income. Container Trade Statistics calculates that around 173m...

Did container liner execs recklessly binge on newbuilding orders, needlessly sabotaging their own bottom lines (and stocks) for years to come? Are some public tanker companies shortchanging their own shareholders by not returning enough capital via dividends and...

TIPC is to invest NT$4.47 billion ($139.8 million) to upgrade infrastructure at the third and fifth container terminals of Kaohsiung port which will significantly increase the terminals handling capacity and operational efficiencies. Draught will be deepened and...

The analysis will please the small group of VLCC owners who have embarked on something of a VLCC spending spree in recent weeks. Through the course of 2023, VLCCs on order had fallen to a long-time low. The few contracts that were placed were at significantly higher...

The Port of Los Angeles handled 781,434 teu in February this year compared to 487,846 teu in February 2023. “Market confidence in our gateway is as strong as it’s ever been,” said Port of Los Angeles Executive Director Gene Seroka at a media briefing. “We’ve...

In its report – ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’ – the Helsinki-based company declared that decisive emissions policies such as the inclusion of shipping in the EU Emissions Trading System (ETS) from January this year, and...

The President of the General Ports Authority,  Omar bin Talal Hariri, explained that the launch of the PCS is part of MAWANI’s effort to channel technology to serve the maritime transport system, raise the efficiency of the operational performance of the Saudi...

Bangladeshi breakers lead the way, followed closely by recyclers in Pakistan, but they are bidding on low-quality units with components already removed, poor steel, corroded ballast tanks and permanent ballast., according to GMS, the world’s largest cash buyer of...

DP World said that with businesses seeking increased control over their supply chains, its expansion comes at a pivotal time for the global logistics and supply chain industry. By expanding its freight forwarding offering, with a focus on air and ocean freight. DP...

The dual-fuel ammonia-powered vessel, owned by Australian mining group Fortescue, was loaded with liquid ammonia at Vopak’s terminal on Jurong Island in Singapore for the fuel trial. The Fortescue Green Pioneer was loaded with five cubic metres...

The official spokesman for the Yemeni Armed Forces Commander Abdulmalik Badr al-Din al-Houthi announced on the Houthi’s Telegram channel that the group intends to spread its sphere of operations across a region that covers thousands of square miles. The commander...

Bangladeshi breakers lead the way, followed closely by recyclers in Pakistan, but they are bidding on low-quality units with components already removed, poor steel, corroded ballast tanks and permanent ballast., according to GMS, the world’s largest cash buyer of...

Growth in empty repositioning since 2019 had seen an increase of 20% in terms of teu moved in 2023 compared to four years ago, but also the growth in full containers has increased globally by 2.5%, with an 8% increase in teu miles, according to one analyst using...

"We're announcing an investment for the construction of a new agro-industrial port in Timbues, on the Parana River," presidential spokesperson Manuel Adorni told a news conference, referring to a town some 50 km north of the city of Rosario,” Reuters reported. "The...

The company said the increase in consolidated volume was mainly due to the contribution of Manila North Harbour Port, Inc. (MNHPI) in Manila, improvement in trade activities, and new services at certain terminals. But volumes were impacted by the...

The appeal comes after three seafarers were killed when bulk carrier True Confidence was struck by a missile in the Red Sea on March 6.  “We believe it is time for those shipowners who are continuing to transit through the Red Sea to reassess the necessity...

South Africa’s ports operator Transnet reports it is moving forward with a fleet renewal program as part of an overall effort to tackle the perennial challenges of inefficiencies that have placed the ports at the bottom of international rankings and led to massive...

Three years ago, heavy lift operators Jumbo and SAL lifted a page from the liner sector and entered into an alliance agreement. That model has been successful enough that they are now adding a third member, Intermarine, which operates smaller multipurpose vessels in...

The bulker several damaged in a Houthi attack and abandoned by its crew finally succumbed to its damage reportedly sinking after having drifted since the February 18 attack. The government of Yemen issued a statement reporting the sinking of...

Ukraine has won an agreement with the major insurance brokerage networks in the UK to expand the current war risk insurance program to cover ships carrying all non-military cargo. Previously the program was limited to grain and foodstuffs but will now permit Ukraine...

The cruise industry is starting to rethink its plans into 2025 as increasingly they believe the problems in the Red Sea will persist. It is a view shared by the commercial shipping industry, but with travelers making vacation plans cruise lines need to think longer...

The 1,250 teu pair are due for delivery in 2026, one each from German shipowner Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC). The deal builds on charters made in October 2023 for two similar vessels from Elbdeich Reederei. X-Press feeders...

The Council of the EU announced that the defensive operation will have an initial one year duration and a mandate to protect commercial vessels against attacks at sea by providing situational awareness and accompanying ships in the region. In its announcement, the EU...

Chinese automobile manufacturer BYD is planning to put seven new car carriers into operation in the coming two years to meet the growing export demand. Wang Chuanfu, Chairman and President of BYD stated in Guangdong Provincial High-quality Development...

The German Government is funding the installation of a Rotor Sail on Baltrader’s new cement carrier CemCommander this summer. The project attracted funding from the German Federal Government’s Directive "Sustainable Modernization of Coastal Vessels" (NaMKü) programmed...

The southern Chinese port city of Shenzhen is offering subsidies to LNG operators to boost its development as an LNG trading hub city. According to the notice from Shenzhen Development and Reform Commission, Shenzhen is going to actively explore new LNG trading...

A 58,800 dwt Supramax bulker was fired on by Houthis as it transited the Gulf of Aden, some 85 nautical miles southeast of Aden, causing minor damage to the vessel, but there were no crew casualties or injuries according to the latest reports. Lycavitos operated by...

With the continued, and worsening threat to shipping while transiting the region from Houthi rebels in Yemen, the IBF Warlike Operations Area Committee (WOAC) has agreed to expand the High Risk Area to include the Gulf of Aden and surrounding waters. Stephen...

The Deputy Administrator for the Panama Canal Authority (ACP), Ilya Espino de Marotta, says the waterway does not expect changes to current vessel transit restrictions until at least April. The ACP will assess water levels after the dry season before making any...