US East Coast port strike averted: ILA, USMX reach tentative six-year deal
The global shipping industry’s fear of a new port strike on the United States East Coast seems to have been averted after the agreement between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX). The two organizations have reached a tentative agreement on all items for a new six-year Master Contract. The […]
MOL to develop green corridor linking Portugal and Northern Europe
Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising low-emission shipping solutions and transporting low-carbon fuels. Apart from MOL […]
Container ship orderbook hits new record high
“At the end of 2024, the container ship orderbook was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” pointed out Niels Rasmussen, Chief Shipping Analyst at BIMCO, who wrote the following analysis. As 4.4 million TEUs were contracted during 2024, the second highest ever, the orderbook grew […]
New line handlers join SAAM Towage fleet in Vancouver
The newly arrived line handlers joining SAAM Towage Canada’s fleet were unloaded from the vessel “Jumbo” at the Port of Vancouver on 6 January, following their voyage from Hong Kong. “These multipurpose vessels play a key role in berthing and unberthing vessels by transferring mooring lines from the ships being assisted to crews on the […]
Many deficiencies found on tanker at centre of latest Baltic cable cutting incident
The Eagle S, the Russia-linked tanker at the centre of the latest cable cutting incident in the Baltic, will not be able to leave Finnish waters for some time having massively failed a port state control. Finnish authorities said yesterday they found 32 faults on the ship, three of which are deemed severe enough that […]
Coalition grows to launch GHG levy on shipping
A levy on greenhouse gas emissions could be one of the single largest shipping news items of the year with a growing coalition now aiming to force this much-discussed environmental measure through when member states gather at the International Maritime Organization (IMO) in April for the 83rd meeting of the Marine Environmental Protection Committee (MEPC). […]
Ingebrigtsen takes the reins at Grieg’s holding company
Hege Leirfall Ingebrigtsen is taking over from Gry Larsen as managing director of Grieg Maturitas, the holding company of Norway’s Grieg Group. Larsen has been in the hole for the past year and has informed the board of directors she is now seeking new career opportunities. Ingebrigtsen has held several leadership roles in Grieg Maritime […]
US east coast strike averted
The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have reached a tentative agreement on all items for a new six-year master contract averting a potentially damaging strike on the US east and Gulf coasts next week. The two sides agreed to continue to operate under the current contract until the union can […]
Marcos hails new Magna Carta of Filipino Seafarers regulation
President Ferdinand Marcos witnessed the signing of the implementing rules and regulations of the Magna Carta of Filipino Seafarers on Wednesday, three months after the law’s enactment, one of the most important new pieces of regulation to hit the world’s top crewing nation in a generation. The new law aims to create a comprehensive framework […]
Doris Ho comes to the aid of Lorenzo Shipping
Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzo’s belated fuel bills. According to shipping database Equasis, Lorenzo has 10 ships made […]