Home / Shipping News (page 3)

Shipping News

HOT PORT NEWS from GAC

Around the Island Canoe Race 29 Sep 2023, Hong Kong A canoe race will take place around Hong Kong Island on 28 October. About 15 canoes and 20 support boats are expected to participate. Read More » Amendment to mooring and sustainability charges 29 Sep 2023, Mundra, India Mundra Port is introducing Sustainability charges applicable with effect from 15 October 2023. Read More » Pipeline removal operations 29 Sep 2023, Mississippi River, United States Until approximately 23 October, Gulf South and Broussard Brothers will be working at MM11, AHP to ...

Read More »

With an Executive Order President Biden can take meaningful action to eliminate shipping emissions and advance environmental justice

In a letter sent to President Biden on World Maritime Day, 32 organizations called for an Executive Order to decarbonize maritime shipping. The Biden administration has already made significant commitments to eliminate emissions from the shipping industry, as well as to accelerate the development of zero-emission fuels and technologies and advance environmental justice. While the administration can achieve many of these commitments through legislation, the groups say, “there are critical actions that could be taken immediately through executive action.” In July, the International Maritime Organization (IMO) adopted a revised greenhouse ...

Read More »

SeaWide Distribution launches new antifouling coating in North America with industry-first Hydrogel Layer – Hempel’s Silic One

Hempel, world-renowned leader in antifouling technology, announced today its innovative, high-performance, copper-free, and biocide-free antifouling coating – Silic One will be available in the United States and Canada. Sold exclusively in North America by SeaWide Distribution, Hempel’s Silic One is a revolutionary bottom coating that is environmentally friendly while reducing time spent cleaning a vessel’s bottom and improves efficiency by delivering higher boat speed and lower fuel costs. Hempel’s Hydrogel technology is unique to Silic One and elevates it high above other antifouling products. These unique and non-reactive polymers create ...

Read More »

Shreyas Shipping completes delisting process, promoters obtain over 90% shares in reverse book building process

Shreyas Shipping delisting: Shreyas Shipping & Logistics Ltd successfully completed the book building procedure to delist itself from the bourses. Even with the majority of shareholders being retail stockholders, the building promoters in this reverse book were able to obtain more than 90% of the shares. In excess of the necessary minimum of 4.07 million shares, about 4.3 million shares were tendered by the shareholders. The promoter of Shreyas Shipping, Transworld Holdings (THL), made an offer to buy public shareholders’ shares of the company for an indicated revised price of ...

Read More »

Stolt-Nielsen: Share jumped in mid-season, but the upside remains solid

Stolt-Nielsen begins OSE 3Q reporting season with figures to be released on October 5th. Somewhat softer market conditions were guided, yet, the company had some record-breaking quarters and this cannot last forever. During the mid-reporting season, Stolt-Nielsen issued NOK 1.2bn bond, and more importantly, had a change of CEO and after many years the surname of Stolt-Nielsen is written next to the position no more. We increased the WACC but keep the NOK 400/sh Target Price in our valuation. Buy is reiterated although the upside has reduced over the last ...

Read More »

Wilson Sons starts operations with the tugboat “WS Castor”, which is more sustainable as well as being built to attend New Panamax 366m LOA vessels in the port of Santos

On September 16th, Wilson Sons, a leader in port and maritime logistics in Brazil, started operating its new powerful and more sustainable tugboat “WS Castor”. The tug is the fourth in a series of six being built at the company’s shipyards in Guarujá, São Paulo. “WS Castor” will operate in the port of Santos, the largest in Latin America. The tug is capable of attending the berthing and unberthing of the new-generation 366m LOA vessels expected to operate in this port. Since July 2022, three tugs have been delivered (“WS ...

Read More »

The EU needs more effective multilateralism to tackle maritime security risks, says EESC

The European Economic and Social Committee (EESC) calls for more joint actions on EU Maritime Security Strategy and its Action Plan which aim at preserving EU sovereignty, security and competitiveness. The Committee supports the EU-NATO cooperation on maritime security and signals the importance of firm engagement with international partners to collectively tackle people smuggling and human trafficking. At its September plenary session the EESC adopted an opinion on the Commission’s joint communication on the EU Maritime Security Strategy and its Action Plan, highlighting the importance of multilateralism as a key ...

Read More »

India’s SAIL expects four coking coal ships from Russia in Sept-qtr

Steel Authority of India SAIL.NS is expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonnes, Chairman Amarendu Prakash told reporters on Thursday. “We had four ships in the first quarter (April-June) and similarly we are expecting four such shipments in the quarter that ends in September,” Prakash said. The country’s largest state-owned steel producer also said the company was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique. At present, ICVL has a ...

Read More »

Singapore fuel oil stocks at three-week lows as net imports ease

Residual fuel oil stocks at key trading hub Singapore slipped to three-week lows, with net imports retreating after last week’s jump, official data showed on Thursday Onshore fuel oil stocks fell 9.5% to 19.77 million barrels (3.11 million metric tons) in the week to Sept. 27, Enterprise Singapore data showed. Weekly net imports, calculated by subtracting total exports from total imports, eased 17.3% from last week at 834,000 tons. Brazil was the top origin for Singapore’s fuel oil imports at 252,000 tons, with imports up for a second straight month. ...

Read More »

COSCO SHIPPING’s shipping service company CHIMBUSCO introduces two new marine methanol fuel bunkering group standards

On the afternoon of September 25, China Marine Bunker (PetroChina) Co., Ltd. (CHIMBUSCO), a prominent shipping service company under COSCO SHIPPING, held the “Green Methanol Refuelling Capacity Building Conference” during the Global Sustainable Transportation Forum and the 15th International Exhibition on Transportation Technology & Equipment. During the conference, China Petroleum Circulation Association (CPCA) and the China Entry-Exit Inspection and Quarantine Association (CIQA) officially released two group standards: the “Marine Methanol Fuel Waterborne Refuelling Regulations” and “Marine Methanol Fuel”, which were initiated by CHIMBUSCO. Meanwhile, China Classification Society (CCS) and Bureau ...

Read More »

bound4blue to install three suction sails on Ville de Bordeaux

Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL®, developed by the Spain-based firm bound4blue, creates as much as six to seven times more lift than a conventional rigid sail. It consists of a sail-like vertical surface and an electric-powered air suction system that helps the airflow to re-adhere to the sail, generating additional lift and ...

Read More »

Bidding Announcement of Yacht “MU XIAO YI HAO”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 10:00 to 10:30 (Beijing time) on October 8th, 2023. 1. Bidding Object: “MU XIAO YI HAO” Yacht; PoR: Sanya, China; Class: domestry CCS; Dimension: 23.80m*5.06m*2.34m; GRT/NRT: 64/19; Passenger capacity: 12 persons; M/E: YC6K450L-C20, 331kw * 2 sets; Built: January 5th, 2021 in Weihai Zhongfu Xigang Shipbuilding Co., Ltd Note: The ship has completed the survey on October 25th, 2022, and the special survey should be conducted before January 4th, 2024. (Data and relevant ...

Read More »

FrontM and Gizat launch Loft Multiplex the industry’s first Live Streaming TV to Maritime

FrontM, a UK-based technology company that facilitates intelligent collaboration within the maritime industry, is proud to announce its partnership with service provider Gizat Global Communication, a global leader in satellite, media and IT services. The partnership aims to transform crew welfare and entertainment by bringing Loft Multiplex, the live streaming TV service, optimised for satellite networks, with no additional hardware and offered as a simple subscription service to the Maritime industry. FrontM provides the Maritime Superapp platform with an app marketplace that connects, engages, informs and provides care for seafarers ...

Read More »

China ports container volume rises 4.8% from January to August 2023,Ningbo Containerized Freight Index decrease in September 2023

From January to August of 2023, the cargo volume of Chinese ports was 11102.0 million tons, a year-on-year increase of 8.4%; the container throughput of Chinese ports was 203.7 million TEU, a year-on-year increase of 4.8%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China. In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in September was quotes 661.7points, have an increase of 10.6% compare to last month. In September, the transportation demand from ...

Read More »

Kalmar’s eco-efficient hybrid straddle carriers to help Rotterdam Short Sea Terminals improve operational sustainability

Kalmar, part of Cargotec, has concluded an agreement with Rotterdam Short Sea Terminals (RST) to supply six Kalmar hybrid straddle carriers. The large order was booked in Cargotec’s Q3 2023 order intake. The machines are scheduled to be delivered during Q2 of 2024. RST is the largest short sea shipping hub in Europe, employing approximately 350 people and handling more than 50 vessels every week. The terminal has undergone significant expansion in recent years in line with increasing demand, and Kalmar has been a key partner in this growth. The ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping