Australia Blitzes Illegally Fishing Off Northern Territory
Over the past month, the Australian Border Force has intercepted 12 illegal foreign fishing vessels in waters off the Northern Territory, seizing over six tonnes of sea cucumber, 500kg of other catch, and over two tonnes of salt, which is used to preserve the catch.Operation LUNAR is multi-agency operation in the Northern Territory established on December 8, 2024 to target the increase in illegal fishing along the +10…
US Container Imports Strong, For Now
Descartes Systems Group has released its January Global Shipping Report, highlighting the continuing a trend of higher year-on-year container volumes throughout 2024.December 2024 U.S. container import volumes closed at 2,367,271 TEU, just shy of the 2.4 million TEU threshold that has typically strained port capacity. Despite elevated volumes, overall transit delays decreased across the top 10 U.S.
OP/ED: When it Comes to Offshore Energy, Be Careful What You Wish For
You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on, it is likely that some of those edicts will be quickly reversed by the incoming President. Of course, much of this is likely irreversible.
Wide Agreement for Proposed GHG Emissions Pricing Mechanism
The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the IMO on a GHG emissions pricing mechanism for international shipping.The joint text is supported by major shipping nations such as Greece, Japan, Korea and the United Kingdom, the world’s largest flag States including Bahamas, Liberia, Marshall Islands and Panama, all EU States (and the European Commission)…
Bulk Carrier Aground in Philadelphia
The U.S. Coast Guard is responding to the grounding of the 623-foot bulk carrier Algoma Verity approximately a mile north of the Benjamin Franklin Bridge in the Delaware River.At 6:30 p.m., Wednesday, Coast Guard Sector Delaware Bay watchstanders received a report from the pilot aboard the Algoma Verity stating the vessel had run aground. No injuries or pollution have been reported.The vessel was northbound with a cargo of approximately 45…
West P&I fully acquires Nordic Marine
West P&I Club announced the full acquisition of Nordic Marine Insurance (Nordic), a leading provider of fixed premium insurance for the marine industry, specializing in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions and other specialist insurance products.West P&I initially acquired a significant stake in Nordic in 2020. The two organisations have worked closely together since then…
Capesize Segment Buoys Baltic Index
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 3 points to 969 points.The capesize index was up 64 points at 1,164 points. Average daily earnings for capesize vessels, which typically transport 150…
Port of Oakland kicks off 2025 paid Internships
The Port of Oakland is excited to announce the kick-off of its 2025 paid Summer College Internship Program.Qualified applicants can competitively apply for summer internships in a variety of professional fields at the Port including Aviation, Communications, Engineering, Environmental Programs & Planning, Governmental Affairs, Human Resources, Technology & Innovation, Legal, Maritime Logistics, and…
Box Shipping Rates may fall as US Port Strikes Averted
Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off – with ocean container freight rate growth now expected to slow or fall.The strikes were set to begin on 15 January and would have forced the closure of ports from Maine to Texas. This has now been averted after a tentative agreement over a new six-year master contract was reached between the International Longshoremen’s Association (ILA)…
Industry Praise for Outgoing INTERCARGO Chair
Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios, who concluded his chairmanship of the International Association of Dry Cargo Shipowners (INTERCARGO) on 31 December 2024 after six years of distinguished leadership.Industry leaders have praised Mr Fafalios's pivotal role in strengthening international shipping standards during a period of unprecedented change…
A Deep Dive into Dredging with DCA’s Doyle
There’s more to domestic dredging than meets the eye. Dredging Contractors of America CEO Bill Doyle is just the guy tell you why.William P. Doyle serves as the Chief Executive Officer of the Dredging Contractors of America (DCA). DCA represents the dredging industry on key issues before Congress and is an active partner to the U.S. Army Corps of Engineers, public port authorities, state and local governments…
DP World Shoots Over 100 Million TEU Capacity Mark
Port and logistics firm DP World has surpassed 100 million TEUs of container handling capacity across its global portfolio since inception.The achievement has been made possible due to over $11 billion in strategic investments and infrastructure development over the last decade.Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions and new greenfield developments as well as acquisitions.Starting with 75.6 million TEUs in 2014…
Kongsberg Consolidates Maritime Business Units
Kongsberg has unveiled plans to integrate the maritime-focused business Kongsberg Digital into Kongsberg Maritime to further align its portfolio with future customer needs and technological advancements in the maritime industry.The integration of Konsberg’s business units will take place in the first quarter of 2025.The business to be transferred represented revenues of approximately $53 million in 2023. The transfer involves around 500 employees located in 14 countries.
China Not Aware of Shandong Port Ban on US-Sanctioned Ships
China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbours.The group oversees several major terminals in the province of Shandong, which is the main entry point for Iranian, Russian and Venezuelan oil imported into China. Last year, those embargoed flows were almost a fifth of total oil imports.If the ban is enforced…
Taiwan Suspects China Linked to Undersea Cable Damage
Taiwan and China traded barbs over what the government in Taipei suspects was a Chinese-linked ship's damage to an undersea communications cable off the island's coast, an incident that has raised alarm bells on the island.The ship owner, speaking to Reuters on Wednesday, said there was no evidence the ship was involved. Taiwan's coast guard suspects the ship damaged the cable off the island's northern coast late last week…
US Port Strike Averted
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group, in a joint statement…
New Patterns in Illicit Activity Emerged in 2024
A report from Windward indicates that new methods of illicit activity, including underwater infrastructure damage and the emergence of new convenience flags, complicated the global trading landscape in the last quarter of 2024.The Q4/2024 Windward Trade Patterns & Risk Insights Report suggests there is a behavioral pattern related to the suggested sabotage of undersea critical infrastructure cables in the Baltic region…
Shell Comes Up Dry Offshore Namibia
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development."Shell and its partners QatarEnergy and Namibia's national oil company first discovered hydrocarbon in block PEL39 in 2022…
Navig8 Announces 80% Acquisition by ADNOC
Navig8 TopCo Holdings Inc. announced that it has been acquired by ADNOC Logistics and Services plc.Navig8 is an international shipping pool operator and commercial…
CJC appoints Law, Jackson as new directors
Campbell Johnston Clark (CJC) has announced that Kate Law and Neil Jackson have become directors in the international maritime law firm with effect from 1 January 2025.Bringing the number of CJC partners to 22, across offices in London, Newcastle, Singapore and Miami, the appointments exemplify the company’s commitment to promoting from within. Now one of the leading firms focusing solely on maritime law and celebrating 15 years of practice this year…
