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SEPTEMBER 4, 2023

Sanjay Swarup to take charge as CONCOR CMD next month India's growth well above several leading economies: CEA Baltic Exchange Market Report (1 September 2023) Amelioration of York Antwerp Rules (YARs) 2016 Mahindra Logistics & Flipkart collaborate for integrated line haul solutions DPA goes digital for berthing meeting Chennai Port handles record steel cargo in a single day Inland waterways seen driving India's growth story, says Sonowal IUMI publishes 'Best practice & recommendations for the safe carriage of electric vehicles' DGFT to ensure enhanced export control of dual-use items Saudi Arabia unveils master plan for logistics centres Chittagong Port approves Maersk for new container terminal FinMin notifies LPG imports exemption from agri cess CMA CGM completes acquisition of GCT Bayonne & New York container terminals MOL commences warehouse in Nairobi, the Group's first in Africa Central American trade bloc wants FTA with India Tea production up in July

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SEPTEMBER 4, 2023

MOL Group launches first warehouse in Africa Gulf & Atlantic Railways adds US short line New number one in global ship registry Holiday season ends, air cargo rebounds Sawn timber wagon arrives in Finland Eva Beate Lande to lead cargo business Aeronet opens second facility in Savannah Wijgula's fresh face Green truck to clean up in Aarhus Americold appoints new COO for North America Air Nostrum orders ten more Kwik: more storage capacities in Nigeria Iumi addresses fire concerns in EV transport Scannell Properties: a logistics park in Diemelstadt Marshall Stevens to join MSCAA Designwerk finds new market Maskargo flies panda cubs home to China "Curiosity of the Day"

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SEPTEMBER 1, 2023

Boom time 'just a memory' as rates tumble before Golden Week holiday On the cards: Sinking CH Robinson France-Italy road and rail freight chaos after Alpine rockfall Expeditors doesn't predict the future (which anyway, is bleak) US labour board gloves-off stance threatens Amazon e-commerce dominance CIMC profits plunge as global container production hits ten-year low Reports of mass global shift from China are being 'overplayed' Christian Bonnet joins Nippon Express as senior key account director lifestyle

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SEPTEMBER 1, 2023

IUMI publishes guidance on EV fires and car carrier fire safety Car carrier fires continue to make the headlines, raising questions about the risks raised by electrical vehicles (EVs). In response, the International Union of Marine Insurance (IUMI) has researched these claims and Jamaica's first floating dry dock arrives German Ship Repair Jamaica Limited (GSRJ), a private joint venture of German, Turkish and Jamaican investors, has welcomed its first floating dry dock to Jamaica. The 215 meter-long Panamax-size dry dock was West Coast dockworkers ratify new 6-year waterfront contract Sighs of relief came from West Coast ports as the International Longshore and Warehouse Union (ILWU) yesterday ratified the tentative contract agreement reached in June with employers represented by the Pacific Maritime Thai Customs takes delivery of Incat Crowther patrol vessel Samutpraken, Thailand, shipbuilder Seacrest Marine has delivered its sixth vessel built in partnership with Incat Crowther for government departments in Thailand , a 20-meter monohull patrol vessel that's now patrolling the oceans off

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SEPTEMBER 1, 2023

Pearl River Delta ports brace for Super Typhoon Saola Ports in Hong Kong and China's Guangdong province have halted operations since yesterday evening as super typhoon Saola expects to make landfall later today (1 September). Hongkong International Terminals, part of Hutchison Ports and COSCO Shipping Ports, said that gating of empty and laden containers had been suspended since 5pm local time on 31 August. Another of Hutchison's box terminal operat Chemical blast rocks Laem Chabang port An explosion rocked Laem Chabang port on 29 August, after a container in the dangerous goods section in Thailand's main container port caught fire that morning. No one was hurt as 183 workers were evacuated, but six workers suffered breathing difficulties. Health permanent secretary Opas Karnkawinpong said that the fire broke out around 10 am local time that day, adding that a container containin CMA CGM revamps vessel fleet of LIBERTY BRIDGE service CMA CGM is altering its deployed fleet of vessels running the LIBERTY BRIDGE service between North Europe and the US East Coast as a result of the current market imbalance aiming to maintain high service efficiency. The French carrier further indicated that the new fleet deployment will have no effect on the current service pattern, rotation, or port coverage. CMA CGM has noted the updated vessel Ports of Los Angeles and Long Beach welcome ratification of Longshore worker contract The International Longshore and Warehouse Union (ILWU) announced that a six-year contract between the ILWU and the Pacific Maritime Association (PMA) had been ratified. According to a statement, the ratification of the contract will have a profoundly positive influence on the US economy, which

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SEPTEMBER 1, 2023

MMA Offshore clinches domestic PSV contracts Perth-based OSV operator MMA Offshore has been awarded two contracts to provide LNG field support duties in Australia's North West. The work, starting in mid-September, will see the 2013-built platform supply vessel engaged under two back-to-back contracts for a total firm period of 220 days. The combined revenue from the firm deal is expected to ... Solstad fixes CSV to Ocean Infinity Norway's Solstad Offshore has landed a charter extension with Ocean Infinity for the construction support vessel . The 2017-built CSV, which has been on contract with MMT Sweden, a subsidiary of Ocean Infinity, since February 2022 and fixed for two years plus a one-year option, has now secured employment until the first quarter of 2026. ... Jamaica's first floating dock arrives German Ship Repair Jamaica Limited (GSRJ), a private joint venture of German, Turkish and Jamaican investors, has welcomed its first floating dock to Jamaica. The 215 m long panamax-size dock was towed across the Atlantic by the deep-sea tug Titan from its previous home port in Bremerhaven. The dock arrived in Kingston, and is now ... Havila Shipping seals one-year MPSV extension with Reach Subsea Norwegian offshore vessel owner Havila Shipping has secured a charter extension from compatriot offshore contractor Reach Subsea for the multipurpose support vessel (MPSV) . The existing contract for the 2011-built vessel, which lasts until the end of this year, has been extended by an additional 12 months via an option Reach had following a deal ... Avance Gas gets bumper rate on new VLGC fixture Norwegian owner Avance Gas has struck a deal with an unnamed charterer to extend the contract for its 2015-built at a stronger rate. The Oslo-listed very large gas carrier (VLGC) specialist has fixed the 83,000 cu m ship for 21 months, adding about $29m in firm backlog. The vessel is currently on a 12-month charter ... Asset manager joins forces with American shipping investment bank ABL Corporation, a global independent asset manager with over $5bn in transportation and real estate assets under management, and AMA Capital Partners, a boutique investment bank specialising in the transportation and energy industries, have formed a strategic partnership to strengthen their combined maritime industry expertise. The two companies have joined forces in a collaborative partnership US west coast dockworkers approve new six-year contract The US west coast is safe from the threat of strikes finally. Dockworkers have voted in favour of ratifying a contract agreement with employment association Pacific Maritime Association (PMA), the International Longshore and Warehouse Union (ILWU) announced yesterday, bringing to a close a period of significant industrial unrest. The new six-year contract is retroactive from ... Columbia Shipmanagement and Seacon sign cooperation agreement Columbia Shipmanagement (CSM) has signed a strategic cooperation agreement with the Hong Kong-listed shipowner and operator Seacon Shipping Group that will see the Qingdao-based company's Chinese-owned and operated vessels managed as clients out of CSM's Greece office. The cooperation agreement includes all vessel types with a particular focus on Chinese-owned LPG, LNG and product tankers. ...

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SEPTEMBER 1, 2023

East coast pulls ahead in early peak season volumes Ports on the east and US Gulf coast handled more than 1m teu for the first time since October of... Nothing is perfect. Certainly not alternative fuels For those seeking guidance on what to do next, the MEPC80 targets may have been too weak a signal Two out of three tankers calling at Russia during August breached G7 sanctions Only a third of tankers tracked calling at the federation's eastern, Arctic, Baltic and Black Sea ports had Western insurance... Box rates tread water ahead of final month of peak season Carriers will be feeling the pinch as rates remain static. Costs have risen sharply, and even long-term rates are failing... China property measures unlikely to lift shipping soon China's ailing property sector continues to darken the skies hanging over the capesize market Shell Ventures invests in Value Group for scrubber carbon capture technology CCUS is gaining more traction in shipping, but supporting technology is not without shortcomings Electric vehicle fires 'not more frequent or dangerous' than conventional car blazes, IUMI argues There are fewer fires from EVs compared with fires from conventional vehicles when driven over the same distance, argues the... CMA CGM completes New York terminals deal CMA CGM's acquisition of two new terminals boosts its US presence. Lease agreement will see it paying for infrastructure improvements Two more vessels sail through Black Sea corridor Two more ships are using the temporary corridor that Ukraine set up from its Black Sea ports to the Bosporus Why public opinion matters to the future of shipping World Maritime University President Maximo Mejia believes the maritime policy agenda should be aligned with public opinion. But does shipping... Ships remain stuck behind Gabon's closed borders following coup Gabon's deputy maritime administrator tells Lloyd's List that military officials have ordered all administrations to resume operations, but ships remain... Columbia and Seacon form shipmanagement partnership targeting Chinese leasing market Columbia Shipmanagement said its office in Greece will manage vessels owned and operated by Seacon in China. Lloyd's List understands... Daily Briefing Oil price cap beach sees Fractal Shipping tankers leave Russia trading | Closing ammonia price gap will be possible, but...

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SEPTEMBER 1, 2023

BNSF deploying cameras, drones to boost terminal cargo flow BNSF is testing the use of cameras on yard hostlers, poles and drones which can read and log the location of containers in the hopes of increasing fluidity through rail terminals. Bidders hold back on first Gulf of Mexico wind lease auction Beyond the supply chain snarls, permitting bottlenecks and high costs that are hampering offshore wind development generally, the Gulf is a less-than-ideal location for offshore wind compared with other parts of the US. Tactical M&A activity likely to surface in under-pressure US 3PL market Lenders are being choosy about which domestic logistics deals they finance, giving an edge to acquirers with cash saved up from the pandemic. CMA CGM closes deal for two New York-New Jersey marine terminals The completion of the terminal acquisitions gives the carrier a stronger footprint in the US's largest East Coast gateway. ILWU ratifies new labor contract with West Coast waterfront employers Some 75% of union members participating in the vote agreed to ratify the tentative contract that was reached in mid-June, opening the door to labor peace at West Coast ports at least through mid-2028.

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SEPTEMBER 1, 2023

Capesize bulkers have 'challenging week' while smaller vessels rise on demand Ultramaxes and handysizes saw plenty of fixture activity in multiple regions Baltic LNG spot rate indicator surges to 2023 high amid floating storage hunger Clarksons points to $210,000 per day rate for two-stroke vessels despite pre-Gastech activity lull Docker union and US West Coast employers ratify six-year labour contract Agreement includes 32% pay raise for International Longshore and Warehouse Union dockworkers, according to media reports Podcast: How carbon inset tokens can help nudge shipping to be greener The audio edition of Green Seas looks at a nascent market for tokens for greenhouse gas emissions reductions Dragonwood bamboo replaces hardwood work decks on Acta Marine ship Dutch owner says it will be monitoring how sustainable material performs Supertanker owners shun US fixtures to Asia as rates tumble Shipbroker Braemer says owners anticipate a rebound from the lowest rates seen for a year Editor's selection: Eastern Pacific's ammonia gambit, Avance Gas bet pays off and shipping investor gets political A look back at some of TradeWinds' biggest and best stories of the week Ukraine sends first trapped bulkers out of Pivdennyi Released capesize and supramax are laden - not with grain, but with iron products 'Half-truths': Samskip condemns ruling on collusion with Eimskip after $32m fine Furious Dutch container ship player intends to fight big penalty imposed in Iceland Insurers issue guidelines on electric cars after Fremantle Highway fire New video shows fire on an EV as it is unloaded from the ship's burned out wreck 'Buying binge': Expanding Greek ship operator goes against tide with Concordia LR tanker deal Low-profile IMS has been on a buying spree over the past 16 months, in moves contrary to domestic peers Healthy rates have 'obviously' spurred 42% jump in tanker orderbook, broker says Greek shop Xclusiv tallies 232 ships contracted at shipyards so far this year Fractal Shipping avoids Russian crude in latest sign of price cap biting Swiss-headquartered company emerged as one of the key players involved in moving Russian oil after the invasion of Ukraine Rampant VLGC rates top $100,000, but spot surge could reverse next year Brokers and analysts point to tonnage tightness but tests lie ahead Shell pumps money into carbon-capture scrubber outfit Value Group Oil major's investment will accelerate shipping's decarbonisation, companies say Northern Lights inks third liquefied CO2 carrier newbuilding contract Joint venture team visit under construction sisterships while inking a fresh contract Shipowners rustle up 'ridiculous' reasons to dodge dues, says IFAN chief IFAN chief executive Peter Stanley reveals to TradeWinds why fee refuseniks perplex him IFAN hikes charges and bills more ships to pay for Middle East navigation Body that looks after infrastructure is dealing with rising costs, boss Peter Stanley tells TradeWinds Panama Canal: Shipowner pays whopping $2.4m at auction to secure transit Prices are rising for quick transits, Avance Gas reveals MSC officer rescued 20 hours after falling from Chartworld container ship General cargo ship finds seafarer in the sea off Turkey CMA CGM details investment into freshly acquired US terminals French liner giant promises to increase the capacity of the GCT Bayonne and New York facilities by more than half this decade Navios Partners adds more MR tanker newbuildings as prices rise Greek shipowner follows up second quarter deal for duo with another similar agreement Avance Gas stretches VLGC time charter at more than $40,000 per day The Pampero will stay with unnamed charterer for another 21 months 'Everything for sale at the right price', insists Stena Bulk's Erik Hanell on LNG fleet 'A lot of things are telling me it is going to be very, very strong winter,' says head of family-owned tanker outfit Avance Gas proven right on time charters during period of 'pitiful' VLGC sentiment Outlook going into 2023 meant Norwegian owner took a punt on rising spot rates instead Cosco's energy arm orders series of LNG carrier newbuildings State-owned shipbuilder will be building three 175,000-cbm gas vessels for the Chinese shipowner

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SEPTEMBER 1, 2023

How have shipping shares performed versus broader stock market? Have shipping stocks been a good bet? Here's a look at their performance year to date and versus pre-COVID. Western Global Airlines' owner investigated for retirement plan conflicts The Department of Labor is investigating Western Global Airlines' founder for allegedly enriching himself at the expense of employees who bought equity in the company.