Asian Nations Battle for Shipbuilding Share
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.Niels Rasmussen, Chief Shipping Analyst at BIMCO, says that during the past five years Chinese shipyards have built 50% of the ship capacity delivered, and Chinese shipyards now hold 66% of the ship capacity in the orderbook.
Corvus Battery System Tapped for New LNG Container Vessels
Matson Navigation Company’s three new 3600 TEU Aloha Class containerships, the largest container ships built in the United States, will use Kongsberg Maritime Hybrid Electrical Systems that incorporate Corvus Energy Orca ESS, the ships designed by KOMAC.With a carrying capacity of 3,600 TEU, the 854-ft (260-m) containerships are the largest of the type being built in the U.S. Matson is expanding its fleet of two Aloha Class vessels with the addition of three, new Jones Act-compliant container ships.The vessels will feature a next-generation…
Jan De Nul Starts Dredging Ops for New Deep-Water Port in Senegal
Belgium-based offshore installation contractor Jan De Nul has started working on the new deep-water port in Senegal, which will be able to accommodate two of the world's largest container ships simultaneously.Jan De Nul is responsible for dredging the five-kilometer access channel and will create an 89-hectare platform for maritime services and container storage.In total, the works are expected to take two and a half years to complete.The Port of Dakar is nearing its maximum capacity, and the surrounding area is fully saturated.
Addressing the M/V Dali Incident: Infrastructure, Trade and the Future of U.S. Maritime Policy
On March 26, 2024, the M/V Dali, a massive Neopanamax (the terms for the size limits for ships travelling through the Panama Canal, 1201 ft. long and 168 ft. wide) container ship, collided with the Francis Scott Key Bridge,an incident that highlights the growing tension between U.S. maritime infrastructure and modern shipping practices. This accident is poised to create ripple effects across infrastructure, trade regulations, and even maritime law, especially in terms of the Merchant Marine Act of 1920 (the Jones Act).The collision serves as a stark reminder that the United States…
DP World Starts Construction of New $1.2B Port in Senegal
The arrival of the dredger Willem Van Rubroeck in Ndayane has marked the start of maritime works for the $1.2 billion Port of Ndayane, a project led by Dubai-owned ports and logistics firm DP World, which aims to transform Senegal into a major center for global trade.The vessel will dredge a 5 km-long shipping channel - an essential step in building this high-capacity port designed to elevate Senegal’s trade infrastructure.Phase 1 of the project includes an 840 m quay and a 5…
CareGO Gets Electrification Job for Rotterdam Container Terminal Expansion
APM Terminals has awarded civil works and electrification contract for Maasvlakte II container terminal expansion in Rotterdam to CareGo, a consortium of ABB, Dura Vermeer and GMB.The expansion will cover a 51-hectare container yard, which will double the capacity of the terminal, making it one of the most advanced fully automated terminals in the world.The 51 hectares will consist of 31 additional yard blocks, quay area, truck and rail areas, and associated infrastructure.The Rotterdam Port Authority has already constructed 1,000 meters of new deep-sea quay for the expansion of the facility.
Antwerp Euroterminal Readies Shore Power Facility
Antwerp Euroterminal (AET) is installing two shore power connections which, when operational in 2026, will be the first in Belgium for seagoing vessels.The two fixed shore power connections will be used by car carriers and con-ro vessels. AET is Europe's largest multipurpose terminal and one of 24 terminals of the Grimaldi Group. Although the European obligation to provide shore power for container vessels by 2030 does not apply to ro-ro and con-ro vessels, AET deliberately chooses…
Methanol Institute Publishes Guide to Methanol as a Marine Fuel
The Methanol Institute (MI) has published the first comprehensive guide to methanol as a marine fuel.“Marine Methanol Future-Proof Shipping Fuel” includes sections that address regulatory drivers, environmental performance, engines and fuel systems, bunkering, handling and safety characteristics, costs and pricing, availability and feedstocks for conventional and renewable product. Also included are case studies on first movers including AP Moller-Maersk, Waterfront Shipping,…
Debunking Four Myths that Stand in the Way of Wind-powered Cargo Ships
Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European Space Agency’s Ariane 6 rocket this year.I researched the decarbonisation of the shipping industry.
Maersk Sues Evergreen Over Suez Canal Blockage
Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident.The Danish company did not disclose the size of the claim or when it was filed. The news was first reported by industry media ShippingWatch.dk."Maersk has raised a claim against Evergreen, the ship's owners and the technical manager at the Danish Maritime and Commercial High Court…
World's Biggest Containership, Ever Alot, to fly the Panama Ship Registry Flag
The Panama Ship Registry has added Ever Alot to its fleet, touted as the world’s biggest container ship and the first to break the 24,004 TEU mark. Panama has 18 of the world’s 20 largest container ships in terms of TEUs.The vessel is mammoth at 400 x 61.5 m, launched at the end of June and surpassing the Ever Ace as the world's largest container ship. Like the other vessels, Ever Act, Ever Aim and Ever Alp, which have a slightly smaller capacity of 23,992 TEUs, it belongs to Evergreen's "A" Class, sailing mainly between Europe and Asia.
Work to Widen Suez Canal is Underway
Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to two-way traffic, while widening and deepening another 30 kilometers, the chairman of the authority managing the waterway said on Tuesday.Suez Canal Authority Chairman Osama Rabie, giving the first news conference on the expansion which began in June, said it would be too expensive to widen the entire length of the waterway linking the Red Sea and the Mediterranean.However, the two-way portion would be lengthened to 85 kilometers (53 miles) from 75 kilometers…
Insurance Insights: Larger Vessels, Larger Exposures
The blocking of the Suez Canal by one of the largest container ships in service in the world – the Ever Given – in March 2021 caused huge delays to hundreds of vessels waiting to transit the canal, one of the biggest chokepoints on the critical East/West trade shipping route. The blockage was estimated to have affected an estimated $9.6bn of goods each day, or around 12% of total world trade.The latest in a growing list of incidents involving large vessels, the Ever Given has…
Ever Given Returns to the Suez Canal
The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident.The ship, en route from the United Kingdom to China, crossed the canal among a convoy of 26 vessels sailing from the Mediterranean Sea to the Red Sea, the Suez Canal Authority (SCA) said in a statement. Another 36 ships crossed the waterway from the south.A group of SCA senior pilots and two tugboats escorted the Ever Given throughout its journey through the canal…
Ever Given Arrives in Rotterdam
The container ship Ever Given, which got stuck in the Suez Canal for six days in March, arrived in the Dutch port of Rotterdam on Thursday after being released by authorities in Egypt.It was scheduled to dock at Rotterdam's ECT Delta terminal for unloading until Aug.
Ever Given Begins Exit from Suez Canal
The Ever Given, one of the world's largest container ships, resumed its journey to leave the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and disrupting global trade.The Ever Given started to head north in the late morning across the Great Bitter Lake, which separates two sections of the canal and where it had been moored with its Indian crew since being refloated on March 29.It then joined the back of a northbound convoy, passing the site of a ceremony where the Suez Canal Authority (SCA) and representatives for the ship signed the compensation settlement that allowed for its release.Tarek Alzeki…
Ever Given's Suez Canal Detention Order Lifted
An Egyptian court has lifted the detention order on the Ever Given container ship, allowing its expected release from the Suez Canal on Wednesday, a lawyer and judicial sources said.The Ever Given's owners and insurers announced on Sunday that they had reached a settlement with the Suez Canal Authority (SCA) over compensation for the ship becoming grounded in March and blocking traffic in the waterway.The ship has been held under court order in a lake between two stretches of the canal since it was dislodged on March 29 as the SCA pushed for compensation from its Japanese owner Shoei Kisen and
Suez Canal Controlled Ever Given's Speed Before It Grounded, Insurer Says
The speed of a container ship that blocked the Suez Canal in March was controlled by the Egyptian waterway’s operator before it ran aground, the vessel’s insurer said on Thursday.The statement from UK Club came after the head of the Suez Canal Authority (SCA) said the ship was sailing too fast when it became grounded, but that the canal bore no responsibility.The Ever Given, one of the world’s largest container ships, is still being held in the canal while both sides continue compensation talks.
Egyptian Court Delays Hearing in Ever Given Compensation Case
An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked the canal for six days in March, giving the sides more time to negotiate, legal sources said.The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23, halting traffic in both directions and disrupting global trade.The Suez Canal Authority (SCA) initially demanded $916 million in compensation from the Ever Given's Japanese owner Shoei Kisen for disruption caused by the blockage.B
Court Allows Suez Canal to Keep Holding Ever Given
An Egyptian court on Sunday rejected a complaint by the Japanese owner of a container ship that blocked traffic in the Suez Canal for six days in March against the vessel's continued detention by canal authorities, a lawyer said.The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23, halting traffic in both directions and disrupting global trade.The complaint was attached to a case at the economic court in Ismailia in which the Suez Canal Authority (SCA) sought $916 million in compensation from the Ever Given's owner Shoei Kisen.Als
Shipowner Blames Suez Canal for Ever Given Grounding
The owner of a container ship that blocked the Suez Canal in March says the canal authority was at fault over its grounding as it disputes the vessel's detention and a compensation claim, a lawyer representing the owner said on Saturday.The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23, and remained grounded for six days, blocking traffic in both directions and disrupting global trade.The vessel has since been held in a lake between two stretches of the canal as the Suez Canal Authority (SCA) pursues a $916.5 million claim agai
Ever Given Insurer Says Egypt's Reduced Claim is Still Too High
UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still "exceptionally large".The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.The Ever Given, one of the world's largest container ships…
Egyptian Court Rejects Appeal Against Ever Given Detention in the Suez Canal
An Egyptian court on Tuesday ruled that the containership which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said.The Ever Given, one of the world's largest container ships, got jammed across the canal on March 23 and remained stuck for six days, stopping traffic in both directions.It has been held in a lake between two stretches of the canal since being dislodged on March 29…