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AUGUST 1, 2023

CULines launches ICI service; direct connection from Qingdao to Nhava Sheva Unifeeder's IMS strengthens connectivity from Nhava Sheva/Mundra to Jebel Ali Feeder operators highlight issues being faced at Syama Prasad Mookerjee Port Upward trend in schedule reliability changes Aiming for a digital supply chain with paperless trade Railways seen carrying more coal E-invoice must for more as threshold lowers to Rs 5 cr. Interchange-cum-road overbridge to come up at Deendayal Port Advisory for operationalisation of the Customs (Waiver of Interest) Third Order, 2023 dated April 17, 2023 and the consequential regularisation of electronic Bills of Entry in case of manual Out of Charge (OOC) given in the wake of glitches in the implementation of ECL facility since April 01, 2023 PSA innovates with OptETruck, a digital solution for Singapore's haulier sector ONE's FLX service connecting West Coast South America & East Coast North America commences in Sept. Sharpened focus on deficiencies & detention rates at Australian ports Chinese Taipei to resolve WTO dispute with India bilaterally India-UK FTA nearing finalisation Black Sea shipping faces rough weather Singapore seeks exemption from rice export ban Yang Ming orders five new 15,500 TEU LNG dual-fuel container vessels First shore-based power for container ship at Rotterdam terminal

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JULY 31, 2023

Fears for still-burning Fremantle Highway as number of EVs aboard is revised Gloomy forwarders expect little change in mediocre air cargo market OceanX: The holy trinity of forwarders in Q2 (waiting for DHL GF) Canada port dispute resolution may be on again, after early hours agreement Ups and downs in Q2, but CMA CGM may be outperforming its peers The C-suite waltz - Drewes to lead Hellmann Kenya Airways aims to double cargo revenue in five years

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JULY 31, 2023

Mast-stepping ceremony marks milestone in Stennis RCOH Huntington Ingalls Industries (NYSE: HII) Newport News Shipbuilding (NNS) division last week marked a milestone in the $3 billion refueling and complex overhaul (RCOH) of the nuclear aircraft carrier USS John C. GAO looks at what's gone wrong with the Coast Guard's OPC and PSC programs Two key U.S. Coast Guard shipbuilding programs - the OPC and PSC projects - are "billions of dollars over their initial cost estimates and are more than two years behind schedule," according Burning car carrier towed to new location The still-burning car carrier Fremantle Highway has now been successfully towed to new temporary location some 16 miles north of the West Frisian Islands of Schiermonnikoog and Ameland. The agency handling the BOEM selects Central Atlantic Wind Energy Areas The Bureau of Ocean Energy Management (BOEM) has finalized selection of three Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia that could support between four and eight gigawatts of energy production. Valaris reactivates another floater Offshore drilling contractor Valaris Limited (NYSE: VAL) today reported that it is reactivating its Valaris DS-7 drillship to service a newly-awarded 12-well contract offshore West Africa The contract is expected to commence

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JULY 31, 2023

What Types of Equipment Are Required for a Liquid Packaging System? In recent history, the packaging industry has seen a lot of improvements. Because of this, every company in the industry needed to improve their systems in order to keep up with the ever evolving demand on the current market. Finding and getting the right equipment can be tricky. Depending on what part of the industry you are working in, your machines need to meet certain industry standards. Whet OCI Global and X-Press Feeders sign green methanol agreement OCI Global and X-Press Feeders have announced that OCI Hyfuels will supply X-Press Feeders with green methanol in the port of Rotterdam from 2024. More specifically, the agreement is the first green methanol deal with a feeder container carrier and represents a crucial step in the decarbonisation of the shipping industry, as the feeder sector plays an important role. Earlier this year, OCI announ Carriers see rate gains on India-US trades, but slide continues on other trades With the exception of trades to the United States, container carriers operating out of India have continued to face further significant freight rate declines this month, according to the latest market analysis by Container News . On the westbound India-Europe trade, average short-term contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gat APM Terminals receives Spanish government grant for Barcelona terminal electrification The Government of Spain, via the Moves Singular Projects II Programme, has granted US$4.3 million to APM Terminals Barcelona to finance part of a pilot project for the electrification of the container handling equipment operating at the terminal, which is expected to reduce CO2 emissions by approximately 821 tonnes per year. The project will include the acquisition of five zero-emission electric Pasha Hawaii's new green container ship visits Long Beach Janet Marie, the latest green container vessel in Pasha Hawaii's fleet, arrived in the Port of Long Beach, California, US. Janet Marie, the company's second of two "Ohana Class" container ships powered by liquefied natural gas (LNG), made its maiden voyage early Saturday from Long Beach to its home port in Honolulu. "These ships symbolise the best of American ingenuity and shipbuilding," stated G Port of Valencia to be connected to solar energy Joan Calabuig, president of Valenciaport, has visited the works of the installation of the photovoltaic power plant located on the Principe Felipe dock. More specifically, these works are already 85% completed in the case of the structure on which the panels are fixed and 15% completed in the case of the installation of the panels that will provide the Port of València with solar energy from this

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JULY 31, 2023

SIPG president steps down Yan Jun has resigned as president and director of Shanghai International Port Group (SIPG). Yan has served as SIPG president since 2014. He sits on the board of Orient Overseas International (OOIL) and also previously held the position of general manager of Shanghai Port Container Terminal and director and general manager at SIPG Jiujiang Port. ... Floatel International wins accommodation vessel contract with Ineos Offshore accommodation vessel specialist Floatel International has secured more work for one of its units. The Oslo-based owner and operator of five semisub flotels has fixed the 2010-built to Ineos FPS for 90 days. A contract with an undisclosed value is set to start in April 2024. The vessel will work at the Unity platform ... US identifies final wind areas in Central Atlantic with up to 8GW capacity The US Bureau of Ocean Energy Management (BOEM) has announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia. The three WEAs total approximately 356,550 acres. The first is some 26 nautical miles off Delaware Bay, the second is 23.5 nautical miles offshore Ocean City, and the last is 35 nautical miles from ... Valaris to reactivate drillship for $364m deal in Africa Offshore driller Valaris has been awarded a 12-well contract offshore West Africa for one of its drillships. Valaris said that the contract would involve the reactivation of the Valaris DS-7 drillship. The contract is expected to start in the second quarter of 2024 and has an estimated duration of 850 days. According to the company, ... Pyxis Tankers ventures into dry bulk Greek product tanker pure-play Pyxis Tankers is moving into the dry bulk sector in a joint venture with its chairman and chief executive Valentios Valentis. The Nasdaq-listed company said its board unanimously approved a $6.8m equity investment in a newly formed company, which has agreed to acquire a 2016 Japanese-built 63,520 dwt ultramax from an ... Simon Møkster scores UK North Sea fixtures for PSV pair Norwegian shipowner Simon Møkster Shipping has secured long-term employment for a pair of its platform supply vessels in the UK North Sea. The 2006-built Stril Odin and 2005-built sister vessel Strilmøy have been fixed on multi-year contracts to an undisclosed operator. Financial terms have not been disclosed, but brokers are reporting term fixtures for PSVs ... Energy Drilling seals three-year rig deal in Thailand Singapore's tender drilling rig specialist Energy Drilling (EDrill) has signed a new three-year contract with Thailand's PTT Exploration and Production (PTTEP) for one of its recently acquired units. The T-15 rig, purchased from Seadrill along with T-16 and West Vencedor is expected to add more than $120m in additional contract backlog. The Pioneer Logistics-backed contractor ... Perdana Petroleum secures AHTS contract Malaysian offshore marine support services firm Perdana Petroleum has been awarded a charter contract by compatriot RMS Synergy for one of its anchor handling tug supply (AHTS) vessels. The company's subsidiary Perdana Nautika will provide the unnamed vessel with crews and equipment to carry out 24-hour services for assisting offshore projects. The contract, worth around ... Singapore's Cyan inks deal for WTIV newbuild at China Merchants Heavy Fast-expanding offshore wind vessel pure-play Cyan Renewables is lining up another newbuild in China. The Singapore-based company with a European base in Denmark has signed a memorandum of understanding with China Merchants Heavy Industry (CMHI) in Shenzhen with the aim of building a wind turbine installation vessel (WTIV). "As one of the largest shipyards in ... Ørsted first to move into New Jersey Wind Port Offshore wind farm developer Ørsted has subleased up to 34 acres of property at the New Jersey Wind Port (NJWP), a port facility focused on the support of offshore wind farms. Ørsted will be the NJWP's inaugural tenant and expects to create up to 200 jobs over its lease term. It will also create over ... Agreement ends 'tough old fight' on Canada's west coast The simmering pay dispute between dockworkers in British Columbia and employers has reached another tentative negotiated agreement late on Sunday. The breakdown in negotiations over a new contract saw the province's ports including Vancouver and Prince Rupert go on strike for a couple of weeks this month, with government drawn to try and resolve the ... Sinokor picks up Asyad VLCC trio Sinokor Merchant Marine has been named as the buyer of three VLCCs that Oman's Asyad Shipping floated for sale earlier this year. Brokers reported the South Korean owner taking the 2010-built Saham and 2011-built Sifa and Fida in a deal worth a total of around $191m. Online pricing platform VesselsValue ranks the scrubber-fitted trio as ... 'Two-speed' pattern emerges in global orderbook: Clarksons Clarksons Research has drilled down to show subscribers to its weekly newsletter the severely skewed global orderbook, and the ramifications for this unbalanced contracting in the years ahead. Clarksons data (see chart below) clearly shows how highly divergent the orderbook is across sectors, with the British outfit describing the current situation as a "two-speed" pattern. ... Towing of burning Fremantle Highway car carrier underway The tow of the burning car carrier to a temporary location started on Sunday afternoon after being ablaze for several days. Around midnight on July 25, the Dutch coastguard received a report that a major fire broke out on the vessel. The vessel had 21 crewmen - all Indian nationals, one of whom died. Also ... Orders pile up at Chengxi Shipyard The orders are stacking at China's Chengxi Shipyard. German owner Schoeller Holdings has ordered two 50,000 dwt MR tankers at the CSSC-affiliated yard, according to Clarksons Research. The owner previously ordered two such units at the yard in June. All four units are due to be delivered in 2026 with no details of price revealed. ... X-Press Feeders fixes European green methanol supplies OCI Global will supply X-Press Feeders with green methanol at the port of Rotterdam from next year. The milestone agreement is the first green methanol deal with a feeder container carrier. X-Press Feeders will be the first common feeder operator with methanol fuelled vessels on the water in Europe. In Q2 next year X-Press Feeders ... Maritime gets an ESG index The University of Plymouth and the National and Kapodistrian University of Athens, alongside an advisory committee of industry experts, have developed an ESG reporting methodological framework and index, catered to the individualities of the maritime sector. Formulated with the intent to breach the existing gap in credible benchmarking within the maritime sector, the ESG Index ...

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JULY 31, 2023

BCMEA and ILWU announce another collective agreement two days after failed vote The ILWU leadership and the BCMEA have 'concluded a negotiated collective agreement' two days after the union's rank and file... Antwerp detains 'dark fleet' Gatik tanker after STS transfers with Greece-owned ships It is highly unusual for tankers engaged in Russian oil and shipping trades to call at European ports, with Belgium... Extra shipyard capacity may not be bad news More shipbuilding capacity might not be needed, but some more enlightened shipowners could welcome dealing with a 'new' shipyard Adnoc brings forward net zero target ahead of COP28 The United Arab Emirates' oil, gas and logistics giant Abu Dhabi National Oil Company has moved its net zero target... Adoption of new tech will drive seafarer skills training in mid-2020s Seafarers will need to be upskilled and reskilled as ship operators adopt electrified propulsion and integrated bridge systems Equipment fleet to shrink further before recovery Container lines no longer need the huge pools of equipment they built up during the pandemic. But with newbuilding rates... The week in charts: PCTC casualties making car carriers harder to insure | Containership values head downwards | Ship recycling pricing softens further Another serious vehicle carrier casualty hits the headlines, while asset values of containerships are under pressure from poor global freight... The week in newbuildings: Large LNG tanker orderbook reaches 356 vessels Two Chinese shipyards have picked up orders for four liquefied natural gas tankers in the past week SIPG president Yan Jun resigns for 'work-related reasons' Chairman Gu Jinshan will temporarily assume the duties of the president during the vacancy Feng to become China Merchants' de facto shipping head The move, alongside with his designation to the helm at China Merchants' port arm, will make him the de facto... Carrier capacity culls help raise rates There are few signs of an increase in volumes during the traditional peak season. But carriers have removed sufficient capacity... MOL reports 68% profit plunge in first quarter of FY23 MOL profits decline due to weakness at its container line operations. However, its energy and car carrier business contributed to... South Korean builder Hanwha Ocean signs deal with Vietnam to secure labour The partnership will provide worker training and recruitment China's shipbuilding association warns of overcapacity risks The recent wave of orders has breathed life into a string of collapsed yards in China, which is leading to... ONE further delays outlook forecast amid profit slump Despite the recent freight rate rebound, ONE says its forecast for the financial year ending March 2024 is yet to... Daily Briefing Russian attacks on merchant shipping could constitute war crime | CIMC mooted as a potential buyer of CDB Leasing |...

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JULY 31, 2023

Western Canada port operations normal as next union contract vote looms Negotiators for ILWU Canada and waterfront employers reached a second tentative contract agreement late Sunday after the union's membership rejected an initial deal that had been struck last week. TForce Freight employees ratify five-year contract with Teamsters US shippers gained some security in the LTL market as Teamsters at TForce approved a new contract with the LTL carrier. ONE reports sharp drop in fiscal Q1 profitability as rates, demand fall The financial results of the Singapore-based carrier reflect a return to a more normal container shipping market, albeit one characterized by weak demand from inflation-hit destination markets.

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JULY 31, 2023

Canada dockers and employers reach tentative deal for third time Federal government has intervened in labour dispute twice in past two weeks Carnival to save $120m in yearly interest payments with $1.5bn in new debt New York-listed company expects to have less than $32bn in debt by the end of this year Saudi shipping giant Bahri bounces back from 2022 doldrums Net profits for group - which operates bulkers alongside its main tanker fleet - increased year on year by 286% in the second quarter Private Scorpio Group forges joint venture with Mercuria on aframax pool The partnership combines Scorpio pooling experience with Swiss company's expertise in oil trading Bahri bounces back from 2022 doldrums Net profits for the Saudi shipping giant increased year on year by 286% in the second quarter Greek outfit drops lawsuit against Integr8 over alleged wrongful arrest Amelia Maritime had requested more time to sort out serving the fuel provider but ultimately decided to dismiss its case Pacific Basin Shipping posts softer results on weak dry cargo markets Chartering market has not recovered as quickly as the bulker owner-operator had expected this year Fires and equipment failures spur new safety campaign Paris and Tokyo port state control regimes launch three-month fire safety campaign amid elderly fleet concerns Yang Ming forks out over $300m for neo-panamax container ships Taipei-listed carrier buying vessels taken at end of charter with Japanese shipowner Rising star: Where contacts trump CVs, Nitzeira Watson uses 'sacrifice and effort' to get ahead YoungShip Panama leader had to leave a country where opportunities go to the well-connected to find recognition at home. She wants that to change Taylor Maritime sells bulk carrier duo to Grindrod as it pays down debt London-listed shipowner is on a mission to de-gear MOL linked to lone LNG carrier newbuild at Hanwha Ocean Under new management, the South Korean yard is starting to build up its LNG carrier orderbook European shipping seeks escape from Russian trades as barrels breach price cap Russian exports from Western ports set to decline in August as production falls and prices rise Pablo tanker blaze spurs safety probe of ageing oil carriers Paris and Tokyo port state control regimes launch three-month campaign amid elderly fleet safety concerns 'Huge milestone': First element of New Fortress Energy FLNG unit leaves US yard for Mexico The project timeline slides again as jack-up rig conversion moves off towards the production site New Times Shipbuilding tipped to win Magni Partners dual-fuel VLCC newbuildings Tor Olav Troim's outfit is ordering two firm vessels plus options for four additional ships MOL hit by container ship collapse but buoyed by car carriers and energy Strong car carrier and energy market performances have helped make up for the decline in liner income Ocean Network Express takes whopping $5bn profit hit Liner company looks to downsize networks as spot rates plunge Dutch to tow burned-out car carrier Fremantle Highway to port of refuge Fire on board the K Line-operated ship has subsided significantly over the weekend Chinese bulker shipowners purge panamaxes as scrap prices continue to fall Brokers and cash buyers say prices will remain depressed until demand for scrap steel recovers after monsoon season Dutch to tow burned-out Fremantle Highway car carrier to port of refuge Fire onboard the K Line-operated ship has subsided significantly over the weekend Schoeller boosts product tanker fleet with Chengxi newbuildings The company is believed to be paying about $42m each for the 50,000-dwt carriers Minister Nusrat Ghani leads drive to keep UK's shipyards afloat Financial backing for shipbuilders is part of national maritime decarbonisation policy Chinese bulker owners purge panamaxes as scrap prices continue to fall Brokers and cash buyers say prices will remain depressed until demand for scrap steel recovers after monsoon season

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JULY 31, 2023

Western Global Airlines lines up bankruptcy financing, report says Western Global Airlines could be on the verge of Chapter 11 bankruptcy. Shipping line ONE's profits plunge but still top pre-COVID levels "It is extremely difficult to announce a reasonable business forecast at this time," said ONE, citing container shipping market uncertainties. DHL Express to build $192M maintenance hangar at CVG superhub The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company's U.S. air network.