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DECEMBER 12, 2022

PSA Mumbai welcomes new Far East service JNPA conducts workshop on 'Green Port Initiative' to strengthen commitment towards sustainable development Baltic Exchange Market Report (9 December 2022) Exim Integrated Club organises first meet in Nagpur Mumbai Customs celebrates 60 years of the Customs Act, 1962; honours Customs veterans Broken rice exports up 33 pc DPA commissioning of oil jetty Ayush exports seen reaching $23 bn by FY25 India to achieve $1 trn digital economy target in 5-7 years, says Minister

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DECEMBER 12, 2022

'Emirates Delivers' - now also from the UK Increased trailer capacity to and from Sweden BBL swallows Share Logistics Changes to Noura service Improving cargo capacities at US airports Around 100 BEVs to join the fleet Geodis tops an Asian poll Extending its network in Poland AD Ports to invest in Africa Global e-commerce player joins IRU MSC Air Cargo lands in Liège Strengthening its UK management team A strong end in Ostend New Santander terminal operational soon "Curiosity of the Day" AEI converted units can cope with the cold Sule follows Miram in Mumbai From a network to an innovation community

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DECEMBER 9, 2022

Chinese export rates still tumbling, but transatlantic rates tread water Strike ends, and Seoul pledges to improve truckers' conditions Negative freight rates - the meltdown Airfreight loses as shippers switch to cheaper ocean routes to save costs Slow roadworks driving port congestion and frustration for JNPT truckers Amazon's 'data lake' for supply chain visibility: smart move, but it's early days Tobias Burger leads changes at the top at Dachser Air & Sea Logistics Loadstar stars get among the glittering prizes as Seahorse Awards return

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DECEMBER 9, 2022

Meyer Werft delays delivery of Carnival Jubilee Carnival Cruise Line today notified guests booked on the first six cruises of Carnival Jubilee that, because of shipyard delays, delivery of the cruise ship has been postponed and the first cruise LISCR names Jason Boyle vice president of fleet performance The Liberian International Ship and Corporate Registry (LISCR) has hired Commander Jason Boyle, USCG, Ret., as vice president of fleet performance, based at its Dulles, Va., headquarters Boyle recently retired after 20 MacGregor books orders for heavy-duty cranes and electric transloading cranes MacGregor is to supply heavy-duty cranes for a total of ten floating crane barges to be built by PT Karya Teknik Utama at its KTU Shipyard in Indonesia. The barges are scheduled

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DECEMBER 9, 2022

CN Photo Project: The Picture of the Week Container News wants to thank you all for your participation in the CN Photo Project . Among all the very beautiful photos we have received, the Container News team has chosen the following picture as "The Picture of the Week"! Title: MSC Rita sailing from Port Houston Bayport Container Terminal in the sunrise - Photo taken by Henry Kadoch MSC Rita sailing from Port Houston Bayport Container Term DP World, Puntland Government partner to upgrade port in northeastern Somalia DP World and Somalia's Government of Puntland signed a construction agreement for expansion and upgrade work at the Port of Bosaso. The agreement was signed in Dubai on 8 December and suggests a 12-month project, which is expected to start in early 2023, which will include the development of a 150-metre quay, as well as repairs to the current 215-metre quay. Other infrastructure works will includ VCTC funds Port of Hueneme with US$10.4 million The Port of Hueneme received US$10.4 million in funding from Ventura County Transportation Commission (VCTC) to help build shoreside power plug-in infrastructure on its North Terminal. In the meantime, the Californian port recently received state and federal funding from the Environmental Protection Agency (EPA) and the Volkswagen Environmental Mitigation Trust to implement innovative technologie State of California approves US$175 million investment for Port of Oakland upgrades The California Transportation Commission (CTC) approved US$175 million in funding for the 7th Street Grade Separation East Project. The Alameda County Transportation Commission (Alameda CTC) partnered with the CTC and the city and Port of Oakland to advance this high-priority goods movement project into construction. The purpose of this project is to realign and reconstruct a primary trucking and The latest changes in the logistics and shipping sector Logistics and shipping go hand in hand to ensure the smooth storage and transportation of products, inventory, or materials. We rely on logistics and shipping professionals to ensure we have items we need in our daily lives, such as food, cars, and gadgets like smartphones. When we pick up our phones to watch a video or play new online casino games , we have the logistics and shipping sector to t Port of Vancouver tests green fuels and decarbonisation technologies The Vancouver Fraser Port Authority, together with partners from across the port community, is testing various low- and zero-emission fuels and technologies at the Port of Vancouver, as part of efforts to phase out all port-related emissions by 2050 in support of the Government of Canada's goal. According to Port of Vancouver, through the Low-Emission Technology Initiative, a joint initiative bet ZIM's new feeder service links Georgia with Turkey APM Terminals Poti received the maiden call of the new Poti Turkiye Feeder (PTF) service, connecting Turkey and Georgia, from Israeli container line ZIM. The 925 TEU Contship Joy will operate between Turkish ports and Georgian Poti Port every 12-14 days. APM Terminals Poti serves as a global gateway for trade in Georgia, Armenia and Azerbaijan, as well as operating as a hub for trade between Euro

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DECEMBER 9, 2022

Voyager Worldwide hit by cyber attack Maritime tech giant Voyager Worldwide has become the latest big name in maritime to be hit by a cyber attack. Since December 2, all systems have been taken offline at the navigation services and solutions provider, which boasts more than 1,000 shipping companies as customers around the world. "As this is an ongoing investigation, and ... South Korean trucker strike comes to an end The majority of striking South Korean truckers returned to work today after a damaging 16-day walkout came to an end. The strike had seen the government get involved as more than $2.5bn of goods had been held up during the militant action, which started over demands to mandate minimum fares. Amid soaring inflation and a ... OSG extends charters for six American Shipping tankers Overseas Shipholding Group (OSG) has exercised options to extend bareboat charters with the Oslo-listed American Shipping Company (AMSC) for six Jones Act-compliant tankers. The charter extensions will add three-year terms commencing in December 2023. With this deal the New York-listed tanker player will continue to lease seven vessels from AMSC, six until December 2026 and ... Mainstream, Statkraft and Ocean Winds add Aker Solutions to Norwegian floating wind scheme A consortium of Aker Horizons-controlled Mainstream Renewable Power, Statkraft and Ocean Winds, a joint venture between Engie and EDP Renewables (EDPR), has teamed up with Aker Solutions as part of their plan to apply for the development of a floating wind project at the Utsira Nord license area off the coast of Haugesund in western ... DEME consortium completes Norfolk double Belgium-based DEME Offshore and its South Korean consortium partner LS Cable & System have secured an export cable contract for Vattenfall's Norfolk Vanguard wind farm - a sister project of Norfolk Boreas that the consortium secured in October. The contract includes the design, engineering, procurement, manufacturing and testing of around 180 km of high voltage ... Bunker prices hit year-low Bunker prices have hit year-low figures in concert with the slump in Brent figures. Average prices for very low sulphur fuel oil - the bunker used by the majority of the commercial shipping fleet - has ducked below $600 per ton at the world's top four bunkering hubs in December, standing at $581 as of ... DP World and Puntland government sign agreement to upgrade Port of Bosaso The Port of Bosaso, in the Puntland region in northeastern Somalia, will soon embark on a 12-month construction project. DP World and the Government of Puntland this week signed an agreement in Dubai for expansion and upgrade work at the port. The project, expected to start in early 2023, will include the development of a ...

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DECEMBER 9, 2022

The upcoming MEPC is a chance for the IMO to show strong leadership 'Given the long lifespan of ships as commercial assets, zero-carbon fuels must be available in significant quantities no later than... Taylor Maritime cites factors that could lead to firmer dry bulk rates Rates will strengthen if the Black Sea grain corridor remains open and US Gulf grain exports perform as weather conditions... US container imports to decline significantly in the next six months US imports are projected to plunge as retailers balance inventories against slowing consumer demand and expectations for next year, according... Covid-19 outbreaks still reported at sea Reported incidents on merchant ships have slowed to a trickle in recent months, reflecting an easing of restrictions in many... Industry 'not moving quickly enough' on decarbonisation, says Shell head of shipping While significant progress has been made, 2050 is just one ship cycle away and momentum needs to build now to... Your tankers are being held in a queue in the Bosporus. They must be answered shortly The impasse in the Bosporus has reached crisis point. Don't make P&I clubs the fall guys Trafigura implores IMO to change CII rule The International Maritime Organization's Carbon Intensity Indicator and resultant BIMCO clause are 'not fit for purpose' for both dry and... TradeLens is out but blockchain is not, says GSBN chief Cosco-backed digital platform is planning a big push for electronic bill of lading, while eyeing shipping's carbon market next year US blacklists sprawling sanction-busting network tied to Turkish energy conglomerate In its latest targeting of sanction-evaders, the US Treasury blacklists Turkish national Sitki Ayan and his network for facilitating sales... Daily Briefing Türkiye tanker insurance stand-off paralyses Black Sea oil trades | Lawyers flag CII risks | John Fredriksen sells Euronav shares...

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DECEMBER 9, 2022

Latest US truckload, LTL PPIs surprise on the upside Total US trucking costs rose in November, with revised US producer price index figures for truckload and LTL services indicating at least a temporary reversal in a months-long decline. South Korean truckers vote to end 16-day strike A growing number of drivers returned to work in recent days amid increasing financial hardship and tougher policing of back-to-work orders by the South Korean government. Shipper demand speeding drop-and-hook 'evolution' Ryder System is joining the race to deploy more drop-and-hook trailer pools for shippers that need greater flexibility to reduce costs and counter supply chain disruption. Demystifying digitalization in maritime and logistics Digitalization. The term is taking over the supply chain - but is it really as daunting as it sounds? The short answer is "no" - but only if you know where to start. This whitepaper breaks down one of the most complex movements in maritime and logistics - explaining what digitalization is, why it's important, where to start, and how other leading shipping organizations now benefit from making the MSC lays out direct West Med connection for Indian shippers MSC has put a heavier focus on the Indian market lately, which industry observers expect to remain resilient despite the demand challenges posed by ongoing recessionary conditions in Western economies. Loss of Russia rail volume offset by rising Central Asia trade A broad shift in China-Europe rail from the northern route through Russia to the middle corridor transiting Central Asia is unlocking new and largely untapped containerized markets for service providers.

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DECEMBER 9, 2022

IMO nations gravitate toward zero emissions amid 'surprise' support for strong 2030 targets Signs at working group meeting point to growing consensus on 2050 goal and on interim milestones Medical charity raises record $1.7m from shipping deals Cargo Day run by the Mercy Ships charity has its most successful fundraiser in six years Green Seas: After stops in Egypt and Brussels, shipping's carbon debate turns to London Our weekly podcast follows the path of a busy few weeks in the deliberation over how to tackle maritime greenhouse gas emissions Trafigura sees 'huge advantages' in controlling large tanker fleet Swiss charterer and owner has expanded its wet fleet this year and is content to maintain the current size James Freeland: the last gentleman shipbroker Clarksons and Braemar broker was credited with strong ethics and forged close links with many major shipowners and shipbuilders Bosphorus face-off sparks tanker gridlock, Oldendorff trashes CII and Braemar is on the move TradeWinds' news editor brings you the biggest and best stories of the week Tanker owner TNG going private after Tankerska Plovidba takes control Croatian MR player now owned 97% by parent after share offer succeeds Ultrabulk aims to harness the power of big data to expand in freight trading Big-name bulker operator aims to sharpen up its freight trading activities and extract more intelligence from its voyage data Trafigura sees 'huge advantages' in controlling large tanker fleet Swiss charterer and owner has expanded its wet fleet this year and is content to maintain the current size Trafigura says nervous shipowners now willing to consider long-term VLCC charters Head of wet freight Andrea Olivi sees clouds on the tanker horizon but believes the rate floor will be higher than in 2021 James Freeland: the last gentleman shipbroker Clarksons and Braemar broker was credited with strong ethics and forged close links with many major shipowners and shipbuilders Container ship newcomer Allseas Global Project Logistics goes into administration UK company launched a liner services during a boom in rates Showa Nittan beefs up product tanker fleet with 11 five-year charters Range of Japanese tonnage taken on term deals, brokers report Monjasa's Anders Ostergaard: Don't fret over the green fuel transition Bunker supplier's CEO believes shipping will handle zero emissions as well as it has all other big disruptions Buttery, Klemme and Maltby join expanded Grindrod Shipping board Murray Grindrod and Michael Hankinson have retired as directors after takeover by Taylor Maritime Investments No immediate departure for TMI bulk carrier stuck in Ukraine London-listed owner says vessel is secure and insured in Black Sea port Xi Jinping's unexpected thirst for change offers hope for action on carbon Change can happen, so now is the time for shipping leaders to stand up and be counted in the race to save the earth Navig8 takes profit as it sells down stake in International Seaways Holding drops below reporting threshold after $78m investment earlier this year Spectacular views: Party season starts early for Idan Ofer's Eastern Pacific in Singapore More than 300 shipping executives turn out for first post-Covid festive gathering Slower bulker speeds to keep rates above historic averages, TMI's Ed Buttery believes Chief executive argues efficiency regulations will speed scrapping of older vessels RMK Maritime pursues tanker giant Euronav for $11.7m over 2018 takeover Financial adviser says it carried out more work than agreed for Gener8 Maritime merger, but Euronav vows to fight the claim RightShip recruits Baltic's Andy Symonds as its head of Asia Pacific With its new Asia head in place, digital platform is looking to to expand into South America OSG extends bareboat charters of American Shipping tanker sextet US-flag tanker player cites attractive commercial opportunities as reason for three-year charter extensions Arrested MR2 product tanker hits the auction block in Singapore Brokers believe there will be healthy buying interest in the 2004-built Victor 1

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DECEMBER 9, 2022

China's surprise COVID pivot offers new hope to shipping markets Faster easing of China's COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.