DP World targets 60% renewable power at Indian terminals by 2026
India seen driving growth in the Asia-Pacific
Shipbuilding Financial Assistance Policy giving impetus to green-fuelled, hybrid, electric vessels
9 automation solutions to enhance efficiency across the EXIM value chain
MPS is the largest importer of fresh fruits & vegetables in the Middle East
APM Terminals & DP World launch Zero Emission Port Alliance
Amnesty Scheme - Closure of cases of default in Export Obligation under Advance Authorisation and EPCG Schemes where applications have been filed with PRC/EPCG Committee for relaxation in policy/procedure on grounds of genuine hardship/adverse impact on trade
Economic activity seen up at 7.5 pc
JSW Infra to acquire majority stake in PNP Port
War risk insurance premiums up for Red Sea voyages
MSC and Ellerman sign slot agreement for Atlantic routes
Pacific green corridor ports agree partnership strategy Green corridors first got a lot of attention at the COP26 summit in 2021 when the U.S. signed on to the Clydebank Declaration for Green Shipping Corridors (DGSC). Since then, the Maritime
CMB.TECH and WinGD move ahead on ammonia-fueled bulkers CMB.TECH, the clean tech division of Compagnie Maritime Belge (CMB), and CSSC group member WinGD have signed an agreement that will see WinGD X72DF-A ammonia-fueled engines power a series of 210,000 dwt
Kalmar launches electric reachstacker and Essential forklift truck production at Shanghai facility Kalmar will commence production of electric reachstackers and Essential forklift trucks at its Shanghai manufacturing facility. The production launch was honoured on 6 December with a themed 'Electrify & Expand' event attended by customers and dealer representatives. Kalmar's Shanghai facility opened in 2005 and produces a variety of high-end cargo handling equipment such as reachstackers, empty
ClassNK awards AiPs for SDARI's green fuels powered vehicle carriers ClassNK has granted Approvals in Principle (AiPs) for three innovative vehicle carrier designs crafted by the Shanghai Merchant Ship Design & Research Institute (SDARI). The initial AiP is a noteworthy recognition for an ammonia-ready LNG dual-fueled vehicle carrier with a 7,000 CEU capacity-a pioneering achievement in China's self-sufficient design landscape. According to a statement, for the sh
Canada launches Green Shipping Corridor initiative Canada's Minister of Transport Pablo Rodriguez announced the development of the Green Shipping Corridor initiative, a US$165 million investment. "With the new Green Shipping Corridor Program, Canada is taking another step towards meeting its commitment to net-zero emissions by 2050. We can work together to establish green shipping corridors to decarbonise the marine sector along the Great Lakes,
PSA Sines acquires new container handling equipment On 4 December, two mega ship-to-shore (STS) cranes arrived at PSA Sines in Portugal. The new cranes will be added to PSA Sines existing 10 super post-panamax cranes, allowing the terminal to handle the largest container vessels currently sailing on the Iberian Peninsula. The new equipment will also assist in increasing PSA Sines capacity from 2.3 to 2.7 million TEUs and boost PSA Sines position a
PIL and DP World partner to develop green supply chain solutions Singaporean ocean carrier Pacific International Lines (PIL) and Dubai-based port and terminal operator DP World have signed a decarbonisation agreement to jointly develop green solutions for global supply chains. By signing a Memorandum of Understanding, the companies aim to help accelerate progress towards their common target of net zero GHG emissions. The agreement was signed by Lars Kastrup, C
RSGT to operate Bangladesh's newly built terminal for the next 22 years Saudi Arabia's port and terminal operator Red Sea Gateway Terminal International (RSGT) has secured a concession agreement for the Patenga Container Terminal (PCT) at the port of Chittagong in Bangladesh. RSGT will operate the newly built box terminal on PPP (public-private partnership) - G2G (government to government) basis for the next 22 years after the agreement, which was signed by RSGT CEO
ZIM vessels divert from Arabian regional waters Israeli container ships are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships transiting the Suez Canal. Even so, the consultancy Linerlytica said several US East Coast services are now trading via Suez to avoid the logjam at the world's other busy waterway in Panama, but for Israeli vessels, the risk is considered far g
Northwest Seaport Alliance appoints new COO The Northwest Seaport Alliance (NWSA), an alliance between the US ports of Tacoma and Seattle, announced the appointment of Jeff Bellerud as Chief Operating Officer. In this role, he will be responsible for the oversight of comprehensive marine operations, encompassing rail, road, terminals, breakbulk operations, and effective waterway management. Bringing a wealth of strategic-level expertise in
Nestlé sees significant reduction in ocean emissions, may renew ECO Delivery deal with Maersk Maersk announced that its partnership with Nestlé, the world's largest food and beverage company, has led the Swiss conglomerate to cut its ocean logistics greenhouse gas (GHG) emissions. Nestlé has agreed to use Maersk's ECO Delivery solution for all of its ocean containers shipped by the Danish carrier in 2023, with an option to extend this agreement into the next year and beyond. The seaborne
Boxship collides with floating bridge in Suez Canal A Singapore-flagged containership struck a floating bridge in the eastern lane of the Suez Canal after losing control of its steering. The 336 m long 2008-built ship suffered a fault with its rudder while transiting the canal on its way from Singapore to the Netherlands. The Suez Canal Authority said in a statement that the ...
HMM matches Seaspan in massive car carriers order for Hyundai Glovis charter Hot on the heels of Seaspan's entry into the car carrier segment with an order for six 10,800 ceu vessels at Shanghai Waigaoqiao Shipbuilding against Hyundai Glovis charters, South Korea's flagship line HMM has commissioned Guangzhou Shipyard International (GSI) to build another six similar ships backed by the shipping and logistics unit of Hyundai Motor ...
NYK inks ammonia shipping deal with Mitsui & Co Japanese shipping giant Nippon Yusen Kaisha (NYK) and trading house Mitsui & Co have penned a charter contract for ammonia shipping. The 2004-built 35,850 cu m gas carrier Berlian Ekuator, owned and operated by NYK, will be used for the shipments of fuel ammonia to JERA's Hekinan Thermal Power Station, where Japan's largest utility is ...
Marinakis sets up offshore vessels unit Evangelos Marinakis has set his sights on the booming offshore sector. The Greek shipowner and founder and chairman of Capital Maritime group, has launched Capital Offshore after picking up seven platform supply vessels for about $106m. Capital Offshore is taking over the vessels from now soon to be shipless Norwegian OSV outfit Standard Supply. The ...
RWE secures final permit for Welsh offshore wind farm RWE is pressing ahead with its Welsh Awel y Môr offshore wind farm project. The German utility has secured a marine licence from Natural Resources Wales, completing its permitting for the 1.1 GW wind farm. The project will be located alongside the operational 576 MW Gwynt y Môr offshore wind farm and is planned to ...
Carbon calculators proliferate ahead of imminent EU ETS inclusion With 26 days to go until shipping is included in the European Union Emissions Trading Scheme (EU ETS) brokers and tech firms are falling over themselves to offer clients carbon calculators. From 1 January 2024, shipping will be included in the EU ETS. As a result, vessels visiting EU ports will be required to offset ...
BASF takes stake in another Vattenfall offshore wind project German chemicals firm BASF has struck a deal with Swedish utility Vattenfall to buy 49% of Nordlichtoffshore wind farm project in Germany. The Nordlicht wind park zone is located 85 km north of the island of Borkum in the German North Sea and consists of two separate sites: Nordlicht 1 with a capacity of 980 ...
China unveils nuclear-powered megamax containership design Making headlines at this year's Marintec China exhibition in Shanghai is a design for a giant nuclear-powered megamax containership. State-run Jiangnan Shipyard has unveiled a design for a 24,000 teu ship incorporating molten salt reactor technology. "The ultra-large nuclear container ship is designed to truly achieve zero emissions during the ship's operating cycle," the yard's ...
MOL forms carbon capture and storage partnership in Bahrain Japanese shipowner Mitsui OSK Lines has teamed up with Bahrain's Bapco Energies to develop a cross-border carbon capture and storage (CSS) project. Under a memorandum of understanding, the two companies will work towards establishing a CCS value where MOL would be responsible for shipping of liquefied CO2 and Bapco would provide the sequestration sites. The ...
Shandong Shipping signs for four methanol dual-fuel VLOCs At a signing ceremony held at Marintec China yesterday, Asia's largest shipping exhibition, Shandong Shipping signed with Qingdao Beihai Shipbuilding for four 325,000 dwt methanol dual-fuel very large ore carriers (VLOCs). The giant 340 m long ships will be used to haul Brazilian iron ore for Vale. The revolutionary bulk carrier designs, all created in ...
MSC bids for French logistics player Cash-rich Mediterranean Shipping Co (MSC), the world's largest containerline, has made a bid for Clasquin, a French logistics company. Clasquin is an air and sea freight forwarding and logistics specialist, which is listed in Paris. MSC has given the company's top two shareholders through to the end of Q1 next year to decide on whether ...
BW Epic Kosan privatised The privatisation process of BW Epic Kosan has been completed with the gas ship operator exiting the Oslo Børs today. In October, Web Holding, a company controlled by Kristian Mørch-led J. Lauritzen and Greek shipowner Nicholas Lykiardopulo, made a voluntary unconditional offer of NOK24 ($2.20) per share to acquire all outstanding shares in the Oslo-listed ...
Want the maritime technology market to thrive? Stop glorifying raising money Nick Chubb, the founder of Thetius, with some useful advice to startup founders. Picture the scene. You are a wide-eyed entrepreneur looking to make a major impact on the industry you know and love. Perhaps you are a naval architect, or you've worked at sea. Maybe you know everything about port community systems or you ...
CMA CGM flips newbuild fuel pick from methanol to LNG Propulsion system design for eight 9,200 teu boxhips has been changed, as the French giant was said to be concerned... Related Stories Daily Briefing December 7 2023 OSG gifts investors with first dividend since 2016 spin-off OSG gifts investors with first dividend since 2016 spinoff
OSG gifts investors with first dividend since 2016 spin-off OSG has announced its first cash dividend since its troubled restructuring in 2016 that saw it spin off its international... Related Stories OSG gifts investors with first dividend since 2016 spinoff Shippers face more disruption from blankings as carriers cull capacity China showcases nuclear ultra-large containership concept
Shippers face more disruption from blankings as carriers cull capacity Container lines are blanking up to 40% of voyages on some trades. This is making supply chain planning difficult for... Related Stories OSG gifts investors with first dividend since 2016 spin-off OSG gifts investors with first dividend since 2016 spinoff China showcases nuclear ultra-large containership concept
Blank Rome: Not built in a day Don't like a US law? Firm with lobbying capability says it can help you get it changed Related Stories Seacon sets sights on climbing leading shipmanager ranks ICS expresses 'serious concern' at Red Sea attacks
China showcases nuclear ultra-large containership concept Applying the fourth-generation molten salt reactor solutions, the design has won the statement compliance from DNV Related Stories OSG gifts investors with first dividend since 2016 spin-off OSG gifts investors with first dividend since 2016 spinoff Shippers face more disruption from blankings as carriers cull capacity
Top 10 box port operators 2023 Singaporean operator PSA's mainstay at the top of the box port league is extended by another year, in a 12-month... Related Stories Red Sea activity levels normal despite escalating Houthi threats Top 10 marine insurers 2023 Top 10 in marine insurance 2023
IMO assembly adopts 'dark fleet' resolution to tackle 'illegal operations' The resolution reflected rising concerns from members about false and fraudulent flags, abuse of the IMO numbering scheme and other... Related Stories Green hydrogen producers to supply shipping up to 11m tonnes by 2030 Safety report recommends anchorage change after pipeline leak Cosco Shipping appoints investment veteran as new president
Green hydrogen producers to supply shipping up to 11m tonnes by 2030 A group of shipping companies, green hydrogen producers and engine designers pledged to scale up green hydrogen production and provide... Related Stories IMO assembly adopts 'dark fleet' resolution to tackle 'illegal operations' Safety report recommends anchorage change after pipeline leak Cosco Shipping appoints investment veteran as new president
Safety report recommends anchorage change after pipeline leak Ships dragging anchors were responsible for damage to an underwater pipeline off the US west coast. Anchorage boundaries should be... Related Stories IMO assembly adopts 'dark fleet' resolution to tackle 'illegal operations' Green hydrogen producers to supply shipping up to 11m tonnes by 2030 Cosco Shipping appoints investment veteran as new president
Red Sea activity levels normal despite escalating Houthi threats Governments are wary about the potential impact of hostilities on global trade, but data indicates there have been no major... Related Stories Top 10 marine insurers 2023 Top 10 in marine insurance 2023 Shipping showcases its decarbonisation progress at COP28
Cosco Shipping appoints investment veteran as new president Zhu joined state investment firm China Chengtong Holdings in 2015, rising to chairman before moving to Cosco Shipping Related Stories Daily Briefing December 6 2023 Oaktree offloads $84.6m of Torm shares Marinakis group diversifies into offshore support vessels
US DOT data-sharing initiative on cargo visibility gaining momentum The Freight Logistics Optimization Works (FLOW) program offers a free view of supply-demand data across several metrics to help make transportation management decisions easier for US supply chain stakeholders.
ODFL Q4 operating data underscores softness in US LTL trucking market The second-largest US LTL provider saw daily shipments increase less than 1% year over year in November, signaling continued softness in underlying LTL demand as the post-Yellow market settles.
Nestlé inks deals with carriers to move volume via green transport services The world's largest food and beverage company is the latest shipper to sign on to emissions-cutting services, committing half its global shipping volume to premium green products offered by Hapag-Lloyd, Maersk and CMA CGM.
MSC bid for French forwarder extends carrier's recent buying spree There has been no sign of a slowdown in the carrier's acquisition activities as it uses its cash-rich position to expand footprints in key port and logistics markets.
EC and Nordics pour cold water on Med nations' pleas to defer ETS However, transport commissioner Adina Valean placates critics by hinting at extending the measure's reach outside the EU
Euronav inks new VLCC in China after Frontline deal Owner has three large crude carriers on order at Qingdao Beihai
Ocean Network Express container ship in Suez Canal collision Suez Canal Authority says navigation in the passage will not be affected
Green Seas: A mountain to climb at COP28 after new targets shift IMO from laggard to leader Newsletter on the environment and the business at the ocean looks at global climate conference
Cosco Shipping Line contracts MAN ES for methanol fuel boxship conversions Cosco Shipping Heavy Industries will carry out conversion work
IMO slams 'shadow' fleet and calls on members to crack down on illicit cargo transfers Flag, port and coastal states urged to collaborate and up their game against sanctioned activity
Russian master back home as oil smuggling probe drags on Final crew member held in dispute over transfer of reputed Russian oil goes home after union intervention
Panama Canal surcharges could be coming for car carriers as rates tipped to spike Veson Nautical analyst Andrea De Luca has a base case of $130,000 per day for 2024
China's Shandong Shipping inks Guaibamax order quartet against Vale charters But the Brazilian miner is yet to firm up the charters
Japanese ro-ro remains stuck hard aground in the Inland Sea Ship ran into trouble more than two weeks ago before being grounded
Grain most likely dry commodity to be affected by any disruption to Red Sea shipping Almost 7% of global dry cargo trade makes its way through the Suez Canal, Kpler analysis shows
HMM inks giant car carriers to charter to Hyundai Glovis Seoul-based liner giant signs up for six 10,800-ceu ships at China's Guangzhou Shipyard International
Trafigura and former COO Wainwright charged over alleged Angolan chartering bribes Switzerland alleges former Sonangol boss was paid more than $5m
Arcadia Shipmanagement inks first tanker order in China Greek shipowner said to have signed deal for up to four aframaxes
Norwegian pension fund becomes second-biggest Hoegh Autoliners shareholder Details begin to emerge of new ownership after Maersk exit
Navios and Byzantine bulkers sold as fleet renewal moves roll on Angeliki Frangou has shaken out two dozen older vessels in 18 months
Previous links to Israeli shipping unlikely to impact Red Sea war risk pricing say underwriters War risk rates increase again following most recent run of attacks at the weekend
China's Shandong Shipping inks Guiabamax order quartet against Vale charters But the Brazilian miner is yet to firm up the charters
Frontline's 24 new VLCCs could soon be worth $350m more than price tag, Clarksons believes Analysts argue that rising values have already left Fredriksen company $80m in the money after giant acquisition
Every dollar spent on fuel savings onboard will save $10 in future supply, says report Maersk's Zero Carbon Centre predicts how important energy-saving solutions will remain in a future-fuelled industry
Iran and Russia close ranks against sanctions in Moscow declaration The joint statement raises the prospect of the two countries seeking compensation for 'unilateral' measures
Broker Alibra outlines limits and pitfalls of FuelEU ship pooling plan Complex system could lead to disputes over what happens when penalties are levied, London shop believes
Costa Rica police find 200kg of cocaine in ship's engine room Latest drugs bust takes place after unnamed vessel arrived from Colombia
Asia's largest maritime trade fair returns to China in physical form after Covid-hiatus Denmark is Marintec China's first host country pavilion
COP28: Hoegh Autoliners strikes new deal to fill ammonia supply gap CEO Andreas Enger says early users of ammonia are likely to be from Europe
Sea Cargo Charter ups benchmarks to align with IMO and invite shipowners But new benchmarks stop short of Paris Agreement-aligned trajectory
Pacific Basin secures first sustainability-linked loan facility Hong Kong owner says facility diversifies its funding profile and reinforces its commitment to sustainable shipping
Cosco Shipping Line contracts MAN ES for methanol fuel box ship conversions Cosco Shipping Heavy Industries in China will carry out the conversion work
ONE plans new service via Suez Canal to tap growing US-India trade links Japanese owner says India has been playing an increasingly important role in world trade
ONE plans new service to tap growing US-India trade links Japanese shipowner plans to use Suez Canal for new service despite recent geopolitical risks
Reliable Robotics achieves milestone for uncrewed cargo flight Reliable Robotics successfully tested its autopilot system with no one on board the Cessna cargo plane.
DHL Express diverts freighters from Cincinnati hub as strike precaution DHL Express says it has procedures to ensure there are no service disruptions if unionized ramp workers at its Cincinnati air hub go on strike.
Ambrey expands advisory for Israel-linked vessels amid Red Sea attacks Maritime security firm Ambrey has expanded an advisory to vessels in the Red Sea and Gulf of Aden, warning that rebels could be using outdated data to plan attacks.
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