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JULY 4, 2023

HTOA Board Meet discusses key issues DGS exempts highly specialised vessels from age norms rule Mandatory additional qualifiers in import/export declarations in respect of certain products w.e.f. 01.07.2023 Global shipping outlook: It's all about capacity as the tide turns Biometric authentication under GST on the anvil: CBIC Adani Ports, Mundra anchors one of the longest vessels ILWU Canada strike seen having domino effect Fixation / review of Norms of advance authorization by Norms Committee (NC-7) from new online Norms Fixation IT module Process for EOP extension and issuance of EODC for Advance Authorisation for Annual requirement Minister emphasises providing enhanced & affordable credit to MSMEs AD Ports Group completes landmark Noatum acquisition upon receiving full regulatory approvals DP World inks agreement to double capacity at Indonesian container terminal Le Havre back in CMA CGM's EUROSAL service DGFT extends amnesty scheme for exporters till Dec. 31 Haryana plans 3 MMLPs on PPP model Record prices seen lifting coffee shipments' value in Q1 India, UAE to address Customs concerns of exporters The 2023 edition of WCO E-Commerce Package now online

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JULY 3, 2023

Swiss Post: an acquisition in Alsace Green transport links between EU and Central Asia Changes at ÖBB Narrow-gauge locos ordered for grain transport J&T Express expands in Middle East AF KLMP Cargo partners with Salesforce and Vonage First Indonesian deal for Shipin Systems Globe Tracker appoints CEO PTV launches route planner for e-trucks GXO deepens partnership with A&F Adding Cairo to network Marguisa's new Sawaf service Skoda Auto elects new board member Loco drivers: major generation change ahead Growing through business partnerships in Malaysia Less sizzurp on the streets of Philadelphia Planned rules could hold back Florida's economy "Curiosity of the Day" This side of utopia

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JULY 3, 2023

Maersk unleashes 'shock and awe' rate hike on Asia-North Europe Turbulent times ahead for air cargo, due to climate change Kuehne + Nagel: From Otto Schacht to Michael Aldwell - reaction & insight Simon Albrecht new global sea freight director at Röhlig Logistics Danger of sunburn! Value destruction on the way Fruit juice importer files complaint over Hapag-Lloyd's 'unfair' D&D charges OceanX: Seeing red Canada's west coast ports hit by strike as labour contract talks fail CIMC reports soft demand for new containers, but eyes recovery in 2024

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JULY 3, 2023

PGS books U.S. offshore wind farm contract Oslo-listed geophysical specialist PGS ASA announced today that it has been awarded a large offshore wind farm site characterization contract in the U.S. by an undisclosed leading renewable energy company. PGS will VIDEO: UN Sec Gen to IMO: Do your job As the International Maritime Organization's Marine Environmental Protection Committee started a crucial session on GHG reduction targets (MEPC 80), United Nations Secretary Secretary-General António Guterres called for meaningful action and said measures WASP wind assistance project concludes The International Windship Association (IWSA) reports that the EU-funded WASP (Wind Assisted Ship Propulsion) project has officially concluded. Its successes include: The WASP project brought together universities, wind-assist technology providers and ship

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JULY 3, 2023

Crowley acquires US-based NVOCC Geodis appoints new executive VP and board member Asian waters see 35% rise in ship robbery during first six months of 2023 Regional Container Lines names new boxship World Transport Overseas opens new office in China CMA CGM confirms Containerships integration Maersk to use Intercon Terminal as backup depot in Jakarta AD Ports Group completes Noatum acquisition

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JULY 3, 2023

HD Hyundai wins construction deal for Mexican offshore FPU South Korea's HD Hyundai, formerly known as Hyundai Heavy Industries, has won a deal to build a floating production unit... Shell's head of renewables leaves as new CEO pivots back to oil Renewable generation head at energy supermajor Shell Thomas Brostrom will be leaving the company as Shell CEO Wael Sawan announced... Tech firm tests first-ever direct ammonia fuel cell system Solid oxide fuel cell producer Alma Clean Power has completed a successful test of the world's first 6kW direct ammonia... Prysmian awarded Hornsea 3 cabling contract Italy's Prysmian has secured a new contract from Danish utility Ørsted to supply inter-array subsea cables for the Hornsea 3... Caroline Yang re-elected as president of Singapore Shipping Association Caroline Yang, the CEO of bunker vessel operator Hong Lam Marine, has been re-elected president of the Singapore Shipping Association... Wood scores $250m contract extension in Brunei UK consulting and engineering firm Wood has been awarded a contract extension worth around $250m by Brunei Shell Petroleum. The... IMO on brink of 'historic failure' as crunch green talks get underway Global maritime environment policy is set to be revised at the forthcoming Marine Environment Protection Committee (MEPC) set of meetings... TotalEnergies tops suezmax charter league French energy major TotalEnergies is climbing the tanker chartering ranks fast. Looking at the top reported dirty spot charterers for... Stolt-Nielsen to pay $155m over MSC Flaminia incident as appeal fails A US Court of Appeals has affirmed all of Stolt-Nielsen's liability from a 2018 ruling regarding the 2012 incident on... Little sign of congestion on day three of Canada's port strikes On day three of the strike at Canada's west coast ports of Vancouver and Prince Rupert there is little sign... Castor Maritime swoops on Eagle Bulk Petros Panagiotidis has joined the race for Eagle Bulk shares after Greek containership owner Danaos took a significant slice of... Vega Reederei on the hunt for younger tonnage Vega Reederei is on the hunt for younger tonnage. The German box tonnage provider has recently taken delivery of the... Okeanis Eco Tankers seals $113m for debt refinancing Greece's Okeanis Eco Tankers has secured a new $113m senior secured credit facility from Dutch lender ABN AMRO to refinance... Six crew kidnapped off Cameroon A Panama-flagged general cargo vessel was boarded by criminals last Friday at the Douala anchorage in Cameroon, resulting in six... Cadeler formalises foray into Polish offshore wind market BW Group-backed offshore wind installation player Cadeler has signed a contract with Baltic Power for the installation of 76 Vestas... Odfjell Drilling completes refinancing Oslo-listed semisub player Odfjell Drilling has completed its planned refinancing through the issuance of a secured bond and through amending,... PGS wins US wind site survey contract Norwegian seismic player PGS has won a large contract from a leading renewable energy company for an offshore wind farm... Solstad Offshore ships out another laid-up AHTS Oslo-listed OSV owner and operator Solstad Offshore continues to further trim its fleet with the disposal of the fourteen-year-old anchor... IACS names RINA's Roberto Cazzulo as next chair The International Association of Classification Societies (IACS) has named RINA's Roberto Cazzulo as its incoming Council chair. Cazzulo will take... MAN and Shell to work together to slash shipping's carbon footprint Engine maker MAN Energy Solutions and energy major Shell have agreed a memorandum of understanding to explore the potential of... Crowley takes over compatriot NVOCC Tamarind Consolidated US-based Crowley has acquired a compatriot non-vessel operating common carrier (NVOCC) Tamarind Consolidated that provides logistics services from the US... Skyborn wins exclusive development rights for Finnish offshore wind farm Skyborn, a portfolio company of Global Infrastructure Partners (GIP), and state-owned Metsähallitus have entered into a reservation agreement, granting five... The three Ps in recruitment Punit Oza, founder of maritime consultancy Maritime NXT, with useful advice to bear in mind when sourcing the next generation...

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JULY 3, 2023

Appeal upholds MSC Flaminia finding A New York court found Stolt Container Tanks 45% responsible for the fire on MSC Flaminia. After an appeal, the... Both sides double down in Canada labour dispute Positions are hardening around the negotiating table. The strikes at Canada's west coast ports are set to continue Why shipping's carbon targets will ultimately come down to climate finance The IMO's pivotal revision of its greenhouse gas strategy this week will deliver a headline target, albeit one watered down... China calls for 'by or around mid-century' decarbonisation targets in shipping 'By or around mid-century' for net zero emissions targets was the agreed language from the Glasgow climate change pact, according... Crew kidnapped in Cameroon anchorage There have been more kidnappings from civilian ships in the Gulf of Guinea during the first half of this year... China leads opposition to GHG levy at IMO as member states discuss economic measures The International Maritime Organization has kicked off its pivotal meeting to revise its GHG strategy and complement the headline targets... Illegal recruitment fees common, argues Mission to Seafarers Many crews from south and southeast Asia paying thousands of dollars to work on ships, says Anglican charity The week in charts: Russia's EU-bound bulker traffic suffers | What's on the table at MEPC80 | Containership sector to boost ship recycling volumes Russia uses South Korea port for ship-to-ship transfers of oil trading above price cap, Ukraine's Danube ports take centre stage... Crucial climate change meeting at IMO opens with wide division about how to decarbonise shipping The new strategy is set to be adopted this week, but the draft produced by an intersessional working group still... China's subdued factory activity does little to lift dry bulk prospects Despite the entrenched downturn in the property and steel sectors, the expected net fleet growth of dry bulk carriers at... ICS backs Beijing convention on judicial sales Trade association satisfied that deal strikes balance between all interests involved and will recommend affiliates encourage governments to ratify the... Japanese shipbuilding majors strengthen vessel design partnership amid rising fuel transition demand Imabari Shipbuilding and Mitsubishi Heavy Industries will extend the services of their ship design joint venture from just LNG carriers... UN defends grain deal and progress on facilitating Russian agricultural products Russia's foreign minister says he cannot see any reason for the Black Sea Initiative to continue. In practical terms, ongoing... FSO Safer catastrophe averted, International Maritime Organization confirms 'The UN-led operation to secure the vessel FSO Safer and remove the oil on board, thus removing the environmental threat... Asking how to attract more seafarers to go to sea is the wrong question Filipino seafarers and other overseas workers contribute almost 9% to the country's GDP. But looking for ways to build new... Sanctions and China's weak recovery affect tanker chartering markets Russian charterers have dropped out of Poten's top charterer rankings completely. Elsewhere, Chinese company Unipec saw its VLCC market share... Daily Briefing The IMO must show leadership on carbon emissions or face irrelevance | The perils of mistaking market weather for long-term... The plot thickens: Eagle Bulk responds to Danaos as Castor Maritime jumps in the mix Castor Maritime unveils a 14.99% stake in Eagle Bulk, who defended its decision to buy out Oaktree for $219m and... Strike starts in Canada's west coast ports A series of meetings Thursday through Friday night failed to yield a tentative agreement, but the parties remain at the...

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JULY 3, 2023

Teamster workers ratify ABF contract, UPS deal draws closer The ABF-Teamsters contract is the first of three major negotiations the union is conducting this summer to make it past the finish line, with UPS and TForce Freight talks still ongoing. USDOT awards $40M to boost port emissions reduction, surface projects The US Department of Transportation is funding infrastructure projects that include carbon neutralization plans, updating miles of century-old rail and improving port access roads. Weakening ocean market puts renewed focus on Maersk integrator strategy The carrier accelerated its reach into the direct shipper market during the pandemic when access to vessel space was severely limited, but as demand slows and capacity grows, the company may need to increase its forwarder business.

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JULY 3, 2023

Lila Global's Steve Kunzer talks strategy to reach 70-plus ships Genco Shipping's second quarter turned 'disappointing' as analyst cuts numbers Canada docker strike threatens 'delays, congestion and inefficiencies' UN head Guterres says IMO must 'move much faster' as climate talks kick off UK to bring shipping into emission trading scheme from 2026 Socar and Azerbaijan Caspian Shipping Co team up on milestone aframax buys Indian energy executive joins Rosneft board in sign of Russian oil pivot Danaos emerges as buyer behind container ship newbuildings at Yangzijiang Alma Clean Power succeeds in testing first ever direct ammonia fuel cell BRS says tanker values to fall as shadow fleet scrapping rises due to waning demand Solstad Offshore sells AHTS laid up in Asia for four years NYK Line linked to top-dollar LNG carrier newbuilding orders at Hyundai Samho Italian shipowner and top entrepreneur Nello D'Alesio dies aged 80 Himalaya Shipping finance chief steps down, accountancy role moves to London Criminals take over European port where everyone is corrupt, says police chief BW's Cadeler confirms $74m Polish breakthrough to install Vestas wind turbines Too little too late? EU to bend some Russia sanctions to save UN grain deal China urges rejection of emissions levy as it blasts 'unrealistic' wealthy nations WinGD names new chief executive as speed of fuelling transition hots up Deal probe: Broker Braemar's shares suspended in London after 16% drop 'Talking is good but ... we have to start doing,' says Shell Marine's Melissa Williams Shipping luminaries urge green reality check at Greek shipbrokers' forum 'Disappointed' Stolt-Nielsen sets aside $155m after losing appeal over MSC Flaminia fire What would happen if Russia sanctions were lifted tomorrow? Advantage Tankers exercises newbuilding option at DH Shipbuilding Okeanis inks $113m loan with ABN Amro to refinance VLCC and suezmaxes Six seafarers kidnapped from cargo ship anchored off Cameroon Shell parks ammonia as a marine fuel until toxicity issues are resolved Ammonia power start-up Amogy sets up shop in Singapore Bangladeshi ship recyclers snap up smaller bulkers as Chinese operators purge vintage tonnage France's Total top suezmax charterer in first half of 2023, says Poten & Partners

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JULY 3, 2023

OSHA fines W8 Shipping $380K for Georgia warehouse safety violations The Occupational Safety and Health Administration says non-vessel operating common carrier W8 Shipping exposed workers to deadly safety hazards at one of its auto export facilities. Dockworkers at Canada's West Coast ports launch strike More than 7,400 dockworkers have gone on strike in Canada, potentially causing disruptions at ports in Vancouver and Prince Rupert.