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DECEMBER 29, 2022
Coastal shipping & PPP among key priorities: Ministry
Global trade shift seen impacting container logistics
Shashi Kiran Shetty flags off 7th edition of Mumbai Sustainability Run
PM Gati Shakti Projects
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VOC Port issues revised parameters for berthing of vessels at CJ-I
Delhivery live on ONDC
Indian firm inks pact with Mongla Port to upgrade capacity
Govt urged to cut Customs duty on raw materials for aluminium industry

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DECEMBER 28, 2022
Fjord Line is to convert two LNG-fueled ships to dual fuel
Norwegian cruise ferry operator Fjord Line AS is to convert sister ships MS Stavangerfjord and MS Bergensfjord from single-fuel LNG-engines to dual-fuel LNG/MGO-engines. "The energy crisis, caused by the Russian invasion of
Carnival Cruise Line names Emeril Lagasse CCO
Carnival Cruise Line reports that chef and restauranteur Emeril Lagasse will serve as its Chief Culinary Officer. A restaurant concept created by Lagasse, Emeril's Bistro, is already popular on two of Carnival's
Excelerate FSRU anchors in Finland
As European nations ramp up their efforts to end their dependence on Russian energy supplies, Finnish state-owned natural gas transmission company Gasgrid Finland reports that the floating storage and regasification unit Exemplar,

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DECEMBER 28, 2022
Nassau Container Port selects Konecranes equipment to enhance container handling capabilities
Nassau Container Port (NCP) has ordered an eco-efficient Generation 6 Konecranes Gottwald Mobile Harbor Crane for container handling at the terminal at Arawak Cay, Nassau, Bahamas. The order was booked in November 2022 and the crane will be delivered in July 2023. With a joint government and private shareholding, Arawak Port Development (APD)/Nassau Container Port (NCP) aims to facilitate port gr
Maersk to open new cold storage facility at King Abdulaziz Port
A.P. Moller - Maersk signed an agreement with Refad Real Estate to operate a brand new cold storage facility at King Abdulaziz Port in Dammam, Saudi Arabia. The Danish company Maersk will open the doors to the facility in March 2023. The 13,300m² cold storage facility will be designed to handle 8,000 FFEs and 168,000 pallet positions annually at Saudi Arabia's second-largest port for refrigerated
ONE to acquire three container terminals in US
Ocean Network Express (ONE) has signed definitive agreements to acquire a 51% stake in each of TraPac LLC (TraPac) and Yusen Terminals LLC (YTI), currently held by Mitsui O.S.K. Lines, Ltd. and Nippon Yusen Kabushiki Kaisha, respectively. TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland, while YTI is a box terminal o

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DECEMBER 28, 2022
AD Ports sets sights on Caspian region with Kazakh offshore and shipping tie-up
Abu Dhabi-based ports and logistics giant AD Ports Group is setting up a joint venture with Kazakhstan's shipping firm, Kazmortransflot, to provide offshore and shipping services for energy companies in the Caspian Sea region, one of the oldest oil-producing areas in the world. The joint venture, 51% owned by AD Ports and 49% owned by ...

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DECEMBER 28, 2022
Seven oil cap-compliant suezmax cargoes seen sailing from Russia
Checks show all vessels have insurance in place with International Group P&I clubs which requires proof of compliance with the...
AD Ports strike joint venture Caspian deal with Kazmortransflot
AD Ports' latest deal sees the acquisitive Abu Dhabi conglomerate tie up with Kazakh national oil shipping arm to develop...
A poet's perspective on shipping's ocean clean-up challenge
Prize-winning poetry urges the shipping industry to consider the ocean as it grapples with climate change
Lines struggle to push up rates amid weak market fundamentals
A rebound in cargo volume before the Chinese New Year holiday is deemed insufficient to support an imminent transpacific price...
P&I clubs pull war risk cover as reinsurers retreat from Russia risk
P&I clubs are forced to apply Russian exclusions on fixed premium war risk after reinsurers give short notice cancellation of...

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DECEMBER 28, 2022
Shippers, carriers in no rush to negotiate annual trans-Pacific contracts
Contract rates will be lower this year, shippers, carriers, and analysts agree, but no one knows yet just how much lower reduced demand will take rates in the end.
ONE acquiring US West Coast terminals from constituent lines
The acquisition of a majority share of three terminals in Los Angeles and Oakland will allow Ocean Network Express to better coordinate vessel operations with those terminals and, in turn, improve cargo flow.
EU ETS will come at steep cost for industry: analyst
Although the precise cost of inclusion of container shipping in the EU's Emissions Trading System is not fully known, it will likely exceed $10 billion annually, according to Journal of Commerce analyst Lars Jensen.
Roadrunner launches new driver app as part of broader tech overhaul
US less-than-truckload carrier Roadrunner is arming drivers in its network with a booking application that feeds into its new internal operational systems.

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DECEMBER 28, 2022
Santos Brasil wants more after diving into liquid bulk terminals business
Brazilian company wants to pump $114m into its new tank terminals
Crippled container ship towed to Dunkirk after engine breakdown
Cosmoship-operated HSL Nike was heading for Rotterdam when its main engine was damaged off the coast of France
Solo kayaker who has paddled halfway across US and Canada about to go again
Maritime PR executive Mark Fuhrmann raising money for doctors and Captains Without Borders charities has gone from Halifax to Mobile and now is coming back again
TT-Line borrows €30m from KfW IPEX-Bank for second 'green' ropax ferry
Ship has 32 charging stations for electric cars and low-friction underwater coating
Green Seas: How Vale's methanol-fuelled bulker giants could slash emissions by 90%
Our weekly environment newsletter explores the carbon cuts that are possible by combining a fast-growing alternative fuel with wind and energy efficiency technology
Sakhalin LNG exports threatened by Russian war risk exclusions
The fallout from reinsurers' 1 January retreat from the Russian market continues to widen
Russia hits back at G7 oil price cap
Executive order bans oil sales to foreign companies involved in the price cap, but allows for "special decisions"
Zodiac Maritime readies to offload vintage tanker at a profit
Shortly after scrapping its oldest bulker, Eyal Ofer-led company lines up the sale of its oldest suezmax
Simsekler claims 'prejudice' over EU decision to drop it from recycling list
Simsekler chairman said the EU is favouring non-Turkish yards for competitive reasons
AD Ports Group links up with Kazmortransflot in offshore and tanker joint venture
New partnership will initially target international crude tanker and Caspian offshore sectors

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DECEMBER 28, 2022
Container shipping's 'big unwind': Spot rates near pre-COVID levels
Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they're next in line.
FreightWaves Flashback: World ports reach 201 million TEUs
2000: World container port throughput increased 7.8% last year to about 201 million TEUs - the first time volume exceeded 200 million TEUs.