Operations underway to recover lost containers as CMA CGM boxship sets sail for Europe
Operations have begun to locate 44 containers lost at sea from CMA CGM’s boxship hit by severe weather near South Africa after the vessel continued on its way towards Europe. After losing the containers in what was described as a ‘harrowing bad weather experience on the Indian Ocean along South Africa’ by the South African […]
Damaged Vineyard Wind turbine blade deteriorating with more debris in the water
Vineyard Wind, a joint venture between Iberdrola’s US arm Avangrid and Copenhagen Infrastructure Partners, has found further issues with the broken blades from one of its turbines. The company said on Wednesday that “there was an observed compromise to the integrity of the GE Vernova blade” and that a part of the blade remains attached […]
BIMCO: Dry bulk newbuild contracting fell, despite strong market
“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability […]
CMA CGM embarks on strategic partnership with Google
CMA CGM and Google entered into a strategic partnership to accelerate the integration of artificial intelligence (AI) across the French ocean carrier’s operations worldwide. By leveraging Google’s AI solutions and insights from experts, CMA CGM aims to help empower its employees’ decision-making. In fact, every programme and tool developed within the partnership will be designed […]
Evergreen chairman: ILA dispute will further disrupt market
Evergreen Marine Corporation (EMC) chairman Chang Yen-yi has cautioned that if US East Coast port workers cannot resolve their differences with the US Maritime Alliance, it could cause more chaos in container shipping. International Longshoremen Association (ILA) president Harold Daggett has warned that industrial action is becoming more likely as the current contract with the […]
Dual Fuel Fleet Additions Continue to Rise
Increase of c.72% year-on-year comparing 2018 vs 2023 Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector and utilising the Fleet Database feature of the VesselsValue platform, we examine the annual deliveries of Dual Fuel vessels since 2018, broken down by […]
Oakland container volumes return to pre-Covid levels
The Port of Oakland moved 193,062 TEUs in June with the box volume increase showing a sign of return to pre-pandemic levels. Full imports jumped 26.8%, with 84,040 TEUs handled by the California port operators in June 2024, in contrast to 66,295 TEUs in June 2023, marking the highest monthly total since August 2022. “We […]
Tecon Santos expansion project to be completed five years earlier
Santos Brasil has announced that the project which will enhance the capacity of Tecon Santos to 3 million TEUs will be completed five years ahead of the initial schedule. This operational capacity, initially slated for 2031, will be delivered to the Port of Santos by 2026. Santos Brasil is moving up the purchase of equipment […]
Air Cargo News Awards finalists revealed!
Air Cargo News is delighted to reveal the finalists for this year’s Air Cargo News Awards. The team of 10 independent judges analysed more than 70 entries across nine awards to narrow down a shortlist of 38 companies. The winners will be honoured by Air Cargo News and the wider air cargo industry at an exclusive […]
Menzies and KLM renew cargo partnership at AMS
Menzies Aviation has renewed a major cargo and ground handling contract with KLM Royal Dutch Airlines at Amsterdam Airport Schiphol (AMS). The ground handler will provide cargo warehouse and ramp handling services for all KLM/Martinair freighter operations at AMS for the next five years. The extension will see teams at the airport manage approximately 600 […]