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Shipping News

World’s Largest Shipping Lines Suspend Shipping to RussiaWorld’s Largest Shipping Lines Suspend Shipping to RussiaThe world’s three biggest container lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, in a further blow to trade with the country.02 March 2022 Wednesday 11:20
Car Carrier Felicity Ace Abandoned After Catching Fire in Atlantic OceanCar Carrier Felicity Ace Abandoned After Catching Fire in Atlantic OceanAll 22 crew members of the M/V Felicity Ace abandoned ship safely and were picked up by a tanker after the car carrier caught fire approximately 90 nautical miles southwest from the island of Faial in the Azores on Wednesday morning.18 February 2022 Friday 11:00
What the Russia-Ukraine standoff means for global shippingWhat the Russia-Ukraine standoff means for global shippingWith Europe on edge about a possible conflict between Ukraine and Russia, shipowners around the world are eyeing the potential disruption and resulting extended tonne-mile scenario as a spur for earnings.01 February 2022 Tuesday 11:10
New World’s Biggest Containership Makes Maiden Call in the UKNew World’s Biggest Containership Makes Maiden Call in the UKThe Ever Ace, the unofficial new title holder for the rank of the world’s largest container ship, has made its maiden call in the United Kingdom.16 September 2021 Thursday 10:00
Hapag-Lloyd Raises Full-Year Earnings OutlookHapag-Lloyd Raises Full-Year Earnings OutlookAt the same time, first half 2021 EBIT is expected to be roughly USD 3.5 billion compared to approximately $600 million in the first half of 2020.31 July 2021 Saturday 00:17
Seaspan seals charter extensions with Cosco for 17 vesselsSeaspan seals charter extensions with Cosco for 17 vesselsThe vessels charters with Cosco were set to end for two vessels in 2021, 13 vessels in 2022, and two vessels in 2023. All have now been extended for a three-year term from the end of their current charter period.25 June 2021 Friday 12:11
Seaspan Adds to Containership OrderbookSeaspan Adds to Containership OrderbookHong Kong-based Seaspan Corporation today announced that it has entered into agreements for the construction of two new 12,000 TEU containerships, bringing its newbuild orderbook to 39 ships.24 June 2021 Thursday 11:00
Iran Says U.S. to Lift All Oil and Shipping SanctionsIran Says U.S. to Lift All Oil and Shipping SanctionsIran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks between Tehran and world powers to revive a 2015 nuclear deal.23 June 2021 Wednesday 10:30
Oceania, Kanfer to build ammonia-ready LNG bunkering vesselOceania, Kanfer to build ammonia-ready LNG bunkering vesselKanfer Shipping AS, a Norway-based shipping company focusing on small-scale LNG and LNG bunkering, and Australia’s Oceania Marine Energy have signed a Letter of Intent (LOI) to build an ammonia-ready LNG bunkering vessel.16 June 2021 Wednesday 14:26
Hyundai Heavy IPO Is Coming In HotHyundai Heavy IPO Is Coming In HotSouth Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start of a shipping “super-cycle” and a red hot stock market.16 June 2021 Wednesday 13:20
Green Shipping Line taps Dutch designer for Jones Act offshore wind vesselsGreen Shipping Line taps Dutch designer for Jones Act offshore wind vesselsUS company Green Shipping Line (GSL) has teamed up with the Dutch marine vessel engineer DEKC Maritime to pursue Jones Act compliant offshore wind vessel solutions in the US.10 June 2021 Thursday 14:06
Estonian cruise ship Silja Europa to accommodate security staff during G7 summit in the UK-UPDATEEstonian cruise ship Silja Europa to accommodate security staff during G7 summit in the UK-UPDATEMS Silja Europa, owned by the Estonian shipping company, Tallink, will be moored in Falmouth, UK, and used by the British police to accommodate about 1,000 officers who will help safeguard the G7 summit in Cornwall this June.05 June 2021 Saturday 23:00
Alternative way to Finance Decarbonization of ShippingAlternative way to Finance Decarbonization of ShippingZeroLab by Klaveness is certain that insetting will be an important tool to speed up decarbonization and is pleased to announce its first collaboration in this area.01 June 2021 Tuesday 15:02
DSME scores Hyundai LNG carrier dealDSME scores Hyundai LNG carrier dealSouth Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won a 217 bln won ($195.6 million) order for the construction of a large LNG carrier from Hyundai LNG Shipping.31 May 2021 Monday 13:27
World's largest bioLNG plant to double in sizeWorld's largest bioLNG plant to double in sizeBiogas will become increasingly important in the European energy transition picture, with the expectation it will supply 30-40% of Europe’s gas needs by 205026 May 2021 Wednesday 12:00
Unvaccinated Seafarers Put Shipping in ‘Legal Minefield’, Says ICSUnvaccinated Seafarers Put Shipping in ‘Legal Minefield’, Says ICSThe shipping trade group has warned that lack of access to vaccinations for the world’s seafarers puts shipping in a ‘legal minefield’, while leaving global supply chains vulnerable.23 March 2021 Tuesday 11:00
Container line schedule reliability at record low for 6th month runningContainer line schedule reliability at record low for 6th month runningContainer line schedule reliability fell to its lowest level for the sixth consecutive month according to Sea-Intelligence.01 March 2021 Monday 12:00
China seeks to accelerate green economy including shipping and portsChina seeks to accelerate green economy including shipping and portsChina’s State Council released a guideline to further accelerate the development for a green and low-carbon economy, including the ports, shipping and logistic sectors.01 March 2021 Monday 11:00
CMA CGM to Deploy Six LNG-Powered Containerships on TranspacificCMA CGM to Deploy Six LNG-Powered Containerships on TranspacificFrench shipping giant CMA CGM has announced plans to deploy six new LNG-powered containerships dedicated to the China-U.S. market.25 February 2021 Thursday 15:00
Germany and Belgium Seize a Record 23 Tonnes of Cocaine Found in Shipping ContainersGermany and Belgium Seize a Record 23 Tonnes of Cocaine Found in Shipping ContainersCustoms authorities in Germany and Belgium have seized a record haul of more than 23 tonnes of cocaine destined for the Netherlands in two raids this month, Dutch prosecutors said on Wednesday.25 February 2021 Thursday 10:02
Maersk Eindhoven Cargo Loss: Engine Oil Pressure Triggered Loss of PropulsionMaersk Eindhoven Cargo Loss: Engine Oil Pressure Triggered Loss of PropulsionMaersk says a loss of propulsion led to some 260 containers falling overboard from the Maersk Eindhoven in severe weather off the coast of Japan this week. Another 65 containers are reported damaged on deck.22 February 2021 Monday 10:00
DNV: Safety Gaps Emerging as Shipping Industry TransformsDNV: Safety Gaps Emerging as Shipping Industry TransformsThe classification society I presenting its analysis of the looking safety gaps in a new white paper that explores how the ambitions to become more digital and decarbonize will impact how the industry functions.17 February 2021 Wednesday 12:30
IMO 2030, Maersk Claims First Vessel Powered Carbon Neutral Ship Will Sail Seven Years Ahead Of PlanIMO 2030, Maersk Claims First Vessel Powered Carbon Neutral Ship Will Sail Seven Years Ahead Of PlanShipping group Maersk ($AMKBY) said on Wednesday it would accelerate plans to decarbonize sea-borne container shipping by putting the world’s first vessel powered by carbon-neutral fuel into operation in 2023, seven years ahead of its original plan.17 February 2021 Wednesday 11:43
China finally grants crew change for MSC bulker, coal carrier queue reducingChina finally grants crew change for MSC bulker, coal carrier queue reducingChina has given crew change permission to a bulk carrier that has been waiting to unload Australian coal at Tangshan Port since September.05 February 2021 Friday 11:00
MSC accelerates secondhand boxship buying spreeMSC accelerates secondhand boxship buying spreeSwiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to snap up boxships in the secondhand market according to Alphaliner, acquiring eight vessels in the past three weeks as container shipping rates continue to surge.03 February 2021 Wednesday 13:00
COSCO Ports takes stake in Saudi Arabian terminalCOSCO Ports takes stake in Saudi Arabian terminalChina's COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia's Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port.01 February 2021 Monday 14:00
Cosco sending 10 tankers to scrapCosco sending 10 tankers to scrapThe vessels being disposed are made up of five VLCCs, three suezmaxes, one panamax and one handy tanker. The ages of the vessels are between 16 years and 18 years.28 January 2021 Thursday 14:04
Baltic Dry Index Extends Rally Surging 10%Baltic Dry Index Extends Rally Surging 10%The Baltic Exchange’s main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher.11 January 2021 Monday 13:30
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