DP World Marks Record 8.3% Growth in Container Handling for 2024
DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year, despite macroeconomic headwinds and concerns over the outlook for global trade.The global logistics business, which now can handle over 100 million TEU across operations in 78 countries, benefitted from long-term infrastructure investment, contributing to strong growth and…
World’s First LCO2 Transport Ship Arrives to Norway
The Northern Pioneer, the world's first commercial liquefied CO2 transport ship, has arrived to Stavanger in Norway, ahead of moving to CO2 receiving facilities in Øygarden for commissioning.The 130-meter-long ship can transport 8,000 tonnes of liqued CO2 and is ready for operations in 2025.Northern Pioneer received blessings from her godmother Tina Bru – a Stavanger citizen and former Minister of…
Research Vessel Discovery and "The Night of Monster Waves"
On the night of February 8, 2000, the crew of the British research vessel, Royal Research Ship (RRS) Discovery, were braced for a storm.Wind speeds had been increasing over the previous night creating conditions no one onboard had ex-perienced before – or would want to experience again.From mid-afternoon on the 8th to mid-morning on the 9th, wave heights were topping 20 m in height and even reached…
Louis Dreyfus, Tidal Transit JV to Supply CTV for French Offshore Wind Farm
LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France.The new vessel is scheduled to start operations mid-2025 at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm.Following an international call for tenders…
Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind
Klaipėda Port Authority in Lithuania has signed an agreement for the infrastructure buildout for the offshore wind energy projects, starting with the reconstruction of quays on Smeltė peninsula, which will ensure assembly, handling and transportation of offshore wind turbines.The successful tenderer UAB Tilsta has been tasked with reconstructing the quays at the former International Ferry Port under the $37.9 million contract.As the reconstructed quays will be used for assembly…
Oil and Gas Traders to Seek Tariffs Exemptions from China for US Imports
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos…
GTT Deepens Collaboration with COSCO for Multi-Gas Vessels Development
French engineering firm Gaztransport & Technigaz (GTT), COSCO Shipping LNG Investment (Shanghai) (CSLNG), and COSCO Shipping Heavy Industry (CHI) have signed a strategic cooperation agreement for multi-gas vessels development.The three parties have agreed to carry out an in-depth partnership in the fields of LNG Carriers (LNGCs), Ultra Large ethane carriers (ULECs), Very Large Ethane Carriers (VLECs)…
Ocean Winds Lines Up Cadeler’s Vessel for Work at Polish Offshore Wind Farm
Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler…
Ammonia Advances
Taking a well-to-wake approach to CO2 emissions means that the shipping industry will look beyond emerging engine technologies such as dual-fuel ammonia engines when considering the viability of alternative fuels.Engine manufacturers are optimizing combustion and reducing pilot fuel requirements, but any pilot diesel requirements mean the process is not 100% carbon free.This week, Hanwha Power Systems, Hanwha Ocean and Baker Hughes announced a different concept.
RIB Boat Manufacturer Novielli to Set Up New Production Site
Novielli Boats maintains a distinguished position in the global RIB boat (Rigid Inflatable Boat) market, thanks to advanced engineering principles, attention to structural integrity, and a keen focus on operator experience. With a production schedule that has accelerated in recent years, the brand’s flagship models have become the choice of both commercial outfits and recreational enthusiasts seeking reliability and refined power on open water.
Oil Executives Call for Cautious Return to Red Sea
Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and competitors.A Liberian-flagged oil tanker that was attacked last year sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since…
Panama President Tells US to Stop Spreading Lies
Panama President Jose Raul Mulino said on Thursday the U.S. was spreading "lies and falsehoods" after the State Department claimed U.S. government vessels would be able to pass through the Panama Canal without paying.The comments were likely to exacerbate tensions between the two countries after the U.S. had cited progress on military cooperation and confronting alleged Chinese influence over the canal.Later, Mulino added on social media that he would speak to U.S.
Captains of Ships Damaging Baltic Cables could be Sanctioned
Captains of ships that damage underwater infrastructure in the Baltic Sea such as telecoms cables or pipelines should be put under EU sanctions to deter such acts, Polish Foreign Minister Radoslaw Sikorski said on Thursday.Sikorski said Poland, which holds the European Union's rotating presidency, wanted the proposal to be part of the next, 16th package of sanctions against Russia for its invasion of Ukraine…
Smuggled Horses Intercepted at Port
Twenty horses have been found travelling on an illegal transport in horrific conditions, reports World Horse Welfare.Some of the horses are suspected of being smuggled for fattening and slaughter despite the ban on live exports in May 2024.Those on board included Irish Thoroughbreds, Connemaras and leisure ponies – alongside animals that were being moved legitimately.Many of the horses were too sick and weak to travel…
Denmark Releases Maritime Security Strategy
The Danish government today presented its Global Strategy for Maritime Security supported by the Ministry of Defence, the Ministry of Industry, Trade and Industry, the Ministry of Foreign Affairs and the Ministry of Justice.The strategy focuses on international challenges to maritime security and outlines three overarching principles for Denmark's work to secure the right to freedom of navigation in…
FMC Approves Operation of Premier Alliance
The US Federal Maritime Commission (FMC) has announced that the Premier Alliance Agreement (No. 201435) can take effect on February 9, 2025.The Premier Alliance is replacing THE Alliance, but does not include Hapag-Lloyd which instead entered the Gemini Cooperation with Maersk.The new arrangement allows Hyundai Merchant Marine (HMM), Ocean Network Express (ONE) and Yang Ming to share vessels on trade lines between the United States and Asia…
Odfjell Reports Record Year Despite Market Softening
Norwegian tanker company Odfjell has reported its results for the preliminary full-year and fourth quarter of 2024 indicating a record strong year.The company has continued to perform well in the final quarter of the year despite a slightly softer market. It delivered a solid financial result in line with Q4 2023 but below record levels from the last three quarters. Time charter earnings ended at $183 million…
Large Wreckage Removed from Potomac River
The U.S. Army Corps of Engineers (USACE), Baltimore District, the U.S. Coast Guard (USCG) and U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), have removed all the major components of the American Airlines regional jet and U.S. Army Black Hawk helicopter from the Potomac River.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas, to Reagan Washington National Airport and the US Army helicopter collided at 8:47 p.m.
GTT and COSCO to Cooperate on Training and Shipbuilding
GTT, COSCO Shipping LNG Investment (Shanghai) and COSCO Shipping Heavy Industry have signed a strategic cooperation agreement for the construction of LNG carriers.The three parties have agreed to carry out an in-depth partnership in the fields of LNG carriers, ultra large ethane carriers (ULECs), very large ethane carriers (VLECs), floating liquefied natural gas (FLNGs), as well as LNG and ammonia…
JettyLight to Acquire Historic Ferry for Maryland
JettyLight LLC has announced plans to acquire the historic Oxford-Bellevue Ferry Service and the TALBOT Ferry.The acquisition underscores JettyLight’s commitment to preserving maritime heritage while enhancing ferry operations for the communities of Maryland’s Eastern Shore.As the oldest privately operated ferry in the United States, the Oxford-Bellevue Ferry has provided reliable service across the Tred Avon River since 1683…
