Xclusiv Shipbrokers gives global container ship fleet snapshot
As of September 2024, the global container vessel fleet paints a picture of an industry at the crossroads of tradition and innovation. With over 6,643 ships in operation, the fleet is a mix of old and new, traditional and green technologies, all serving as the backbone of international trade. The September 2024 report by Xclusiv […]
Japanese present green VLCC ship design
Four big names in Japanese maritime have debuted a design for a methanol-powered VLCC equipped with rotor sails. Idemitsu Tanker, Iino Kaiun Kaisha, Nippon Yusen Kaisha (NYK), and Nihon Shipyard have provided details of the 339.5 m, 309,400 dwt vessel which would also feature a shaft generator. The backers of the new design claim it […]
Ukraine publishes list of captains accused of shipping stolen grain
Ukraine’s Ministry of Defense has published a list of captains of vessels accused of transporting stolen Ukrainian grain. In total, 31 ship masters have been named. “They can refuse to commit illegal actions, but they choose to make money from war and suffering. A similar list for ship captains, who transport Russian oil to circumvent […]
Baltic Exchange launches a know-your-customer data platform
The Baltic Exchange has launched with Moody’s a know-your-customer (KYC) platform to give the maritime sector greater access to company data to support informed decision making and meet increased regulatory obligations. KYC is a regulatory requirement in the banking and financial services sectors to ensure businesses do their due diligence on customers to prevent fraud, money […]
Seacon moves on six newbuilds
Hong Kong-listed Seacon Shipping has set out to further bolster its controlled fleet in a $63.9m deal for six multipurpose dry cargo newbuilds. The Qingdao-based diversified owner and operator has agreed to take over 5,200 dwt units at Jiangsu Dajin Heavy Industry for $10,65m each, which were initially ordered by Chen Yuetao-owned Union Marine. The […]
Ørsted sells stake in four UK offshore wind farms to Brookfield
Ørsted has signed a partnership agreement with Brookfield who will acquire 12.45% stakes in four UK offshore wind farms operated by the Danish utility – Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension. The four wind farms have a combined total capacity of approximately 3.5GW and the acquisition value is £1.745bn ($2.26bn). The […]
Vår Energi taps DeepOcean for IMR work in 2025
Norwegian offshore contractor DeepOcean has been awarded an inspection, maintenance and repair (IMR) campaign by Vår Energi for 2025. DeepOcean will conduct a subsea campaign offshore Norway for Vår Energi next year that includes IMR services at the Goliat and Balder fields. The scope also includes additional light construction work to be completed within the […]
Soaring long-haul rates came at expense of Transatlantic lane
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Port of Oakland secures historic US$322 million federal grant
The U.S. Environmental Protection Agency (EPA) has awarded US$322 million to the Port of Oakland to accelerate its transition to nearly 100% zero-emissions cargo operations. The Californian port’s ambitious and community-driven proposal, titled “Community Led, Business Supported, Proven and Ready to Go! Transforming the Port of Oakland to Zero Emissions,” represents a historic investment in […]
CMA CGM implementes reefer surcharge from America to Far East
French ocean carrier CMA CGM has notified its customers of an upcoming Peak Season Surcharge (PSS), effective from 1 November 2024 until further notice. This surcharge will apply to reefer cargo from the West Coast of South America, the West Coast of Central America, the Mexico West Coast, the East Coast of Central America, the […]