Hapag-Lloyd raises rates from West Mediterranean to Latin America
Hapag-Lloyd has announced increased Freight All Kinds (FAK) rates from the West Mediterranean to South America West Coast, Central America and Caribbean. Effective from 1 July – and from 10 July for regulated countries (Colombia, Ecuador, Puerto Rico, US Virgin Islands) – the updated rates will be as follows: If you liked this post, please […]
Oceaneering scores Gulf of Mexico vessel contract
Houston-based oilfield services provider Oceaneering has, through its offshore projects group (OPG), secured a vessel services contract with an undisclosed major operator in the Gulf of Mexico. The agreement will see the US-flagged 2013-built multipurpose vessel (MPSV) Harvey Deep Sea deployed to carry out subsea inspection, maintenance, and repair (IMR) and installation services. The MPSV, […]
Salvors work on Wan Hai ship amid fears of more blasts
The Indian Coast Guard has said it is trying to tow the Wan Hai 503 away from the Indian coast to avoid an ecological disaster, as the ship burns for the fourth day. The coast guard is concerned about further explosions on the ship, which has more than 2,000 tonnes of fuel oil and hundreds […]
Electric charging station powers emission-free construction of Princess Alexia Viaduct at Rotterdam port
A dedicated electric charging station has been installed to power a fleet of emission-free construction machinery during the building of the Princess Alexia Viaduct on Maasvlakte 2. The viaduct project includes the construction of a fully electrified construction site, complete with fast chargers, a Stedin-connected transformer station, and a wide range of battery-powered equipment, including […]
ShibataFenderTeam Group inaugurates manufacturing facility in Valencia
ShibataFenderTeam Group has officially opened its fourth global manufacturing facility, located in Valencia, Spain, expanding its production capabilities to better serve the growing demand across Spain, the Mediterranean, and the wider EMEA region. With a total investment of around US$8 million, the new plant will double production capacity for foam fenders and steel structures, enhancing […]
Chartwell Marine designs CTV to support legacy offshore wind turbines
NR Marine Services has commissioned UK-based ship designer Chartwell Marine to design a new CTV, which will be capable of supporting older generation assets, now referred to as legacy turbines. These vessels will still be constructed and outfitted with modern technologies to maximise vessel fuel efficiency and comfort. The so-called Defiant class vessel is a […]
Upward trend in bunker indices
At the end of the 24th week of the year, the global bunker indices published by Marine Bunker Exchange (MABUX) continued their moderate upward trend. The 380 HSFO index rose by US$1.80 to US$467.81/MT. The VLSFO index increased by US$1.18, reaching US$542.08/MT. The MGO index saw a larger gain, reaching US$729.67/MT. “At the time of […]
Maersk applies new Gabon surcharge
Danish ocean carrier Maersk is introducing a peak season surcharge (PSS) on shipments from Gabon to Africa, Europe, Middle East, Far East and Central America. Effective from 15 July, the following surcharge will apply to both dry and reefer containers: Origin Destination 20DRY 40DRY 40HDRY 20 REEF / 40HREF Gabon China, Ivory Coast, Cameroon, Spain, […]
Unprecedented fleet utilization puts another layer of uncertainty in global shipping
The global container shipping industry is entering uncharted waters as it sails into an era of unprecedented fleet utilization, with idle capacity plunging to a mere 0.6% of the world’s 32 million TEU fleet, according to Alphaliner’s report. With just 70 vessels (185,157 TEUs) currently inactive, the liner sector has become virtually fully employed, a […]
Wärtsilä hybrid propulsion to power four new Vertom vessels
Wärtsilä has secured a contract to deliver a fully integrated hybrid propulsion solution for four new 10,700 DWT geared tween decker vessels being constructed for Dutch ship owner and maritime services provider Vertom Group. The deal, booked in the first quarter of 2025, supports Vertom’s fleet renewal strategy and commitment to sustainable shipping. The vessels […]