Megaload formed as a joint venture between Express Global Logistics (EXG) & Fagioli
CTL-BHP 2023 to be inaugurated today; comprehensive event set to see wide-ranging participation
Overall global air cargo demand down
RBI framework for invoicing & payments for international trade in Indian Rupee
Vopak & Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
Maritime India Vision 2030 estimates investments of INR1,00,000-1,25,000 crore for capacity augmentation & development of world class infrastructure at Indian ports
Prime Minister lays foundation stone for South India's 1st industrial corridor project at Tumakuru
DRI seizes areca nuts smuggled through VOC & Chennai ports
India seeks to cut imports by boosting ELS cotton production
Jetty to be vacated for maintenance
Import duty exemption for vehicles brought in for testing
Indian steel sector seen benefiting from Chinese economy reopening
Elevated road from Chennai Port to Maduravoyal recommended for CRZ clearance
USCG: Don't load EVs with damaged Li-ion batteries As EVs (electric vehicle) use grows, so do the risks of battery fires and the Coast Guard has issued a new Marine Safety Alert warning of the extreme risk of loading EVs
Berge Bulk in industry-first shaft generator retrofit Wärtsilä has successfully retrofitted an inline shaft generator system on the Berge Toubkal, a 2017-built, 210,000 dwt cape-size bulk carrier owned by Singapore-based Berge Bulk. This is the marine industry's first-ever shaft
India signals change through vessel age limits India is taking further steps to lower the footprint that their shipping trade leaves. It is understood that a number of measures will be introduced, including the ban of tankers and bulkers older than 25 years, and gas and container vessels older than 30 years, from making port calls in India. Furthermore, secondhand vessels purchased that are older than 20 years will be refused Indian flag regi
Port Houston makes progress with ship channel expansion project Port Houston has proceeded with the Houston Ship Channel expansion project, often known as Project 11, with the dredging of the first section, known as Segment 1A, running from Bolivar Roads to Redfish, having been completed. The Port of Houston Authority confirmed that the work was completed on time and under the proposed budget, while Project 11 is scheduled to be completed by 2025. By eliminat
GTT receives US$5 million in funding to develop on-board CO2 capture system GTT, a global stakeholder in the shipping of liquefied natural gas (LNG), has secured almost US$5 million in funding from Bpifrance as part of the MerVent 2025 project, winner of the "CORIMER 2022" request for expressions of interest, for the design of an on-board CO 2 capture system and the development of intelligent operational performance solutions. The MerVent 2025 project aims to design, bui
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site Vopak, a dutch tank storage company, is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd. In that way, Vopak gives access to the Gunvor concession in the Antwerp port area in Belgium and it is also committed to sustainably redeveloping the site. In fact, together with the Port of Antwerp-Bruges, the company will focus on joint development/implementation to s
HPC prepares study for hydrogen bunker station in Helgoland The municipality of Helgoland in Germany has commissioned Hamburg Port Consulting (HPC) to carry out a concept study for the construction of a hydrogen bunker station on Deep Sea Island Helgoland. More specifically, the study will require HPC to investigate the commercial and infrastructural suitability of the island as a potential location for H2 fuel supply for shipping traffic on the North Sea
European Gateaway Services increases frequency of intra-Europe rail service European Gateway Services (EGS) is increasing the frequency of the rail connection between Rotterdam in the Netherlands and Nuremberg in Germany. More specifically, from Friday 17 February, a train will depart from Rotterdam to Nuremberg and vice versa, four times a week. Thus, all container terminals on the Maasvlakte will be directly connected to the TriCon Container-Terminal Nürnberg several t
Investing in property in Dubai: value and liquidity of objects Acquisition of real estate abroad as one of the investment options is quite popular among residents of the CIS countries. Understanding the details of the property for sale by the sea in Dubai. Who and why purchases property in Dubai? Today Dubai is one of the most attractive locations for buying apartments, apartments, and villas among Russians. And the current situation on the world stage only
Major container lines boost schedule reliability, MSC and Maersk top rankings Maritime data analysis company Sea-Intelligence said in its last report that the schedule reliability figures increased during the second quarter of 2022. Source: Sea-Intelligence.com, GLP Report, issue 137 "The rapid increase in schedule reliability that we have been seeing in the second half of the year has abated somewhat, with the month-to-month increase in December of a marginal 0.1% points
DP World enhances Antwerp Gateway with new container equipment The Finnish port equipment manufacturer Kalmar has received a large order for nine Kalmar hybrid straddle carriers from its long-term client DP World. The new machines will be installed at the Antwerp Gateway terminal of DP World in Belgium with delivery being expected in the fourth quarter of 2023. "We are proud to introduce our first hybrid straddle carrier with a continuous lifting capacity of
CVC buys majority stake in Danish logistics firm CVC Capital Partners Fund VIII has agreed to buy a majority stake in Scan Global Logistics (SGL), a fast-growing global transport and logistics business based in Denmark. CVC will acquire the company's controlling stake from an investment group managed by AEA Investors Small Business Private Equity (AEA). With over US$3 billion in revenue, SGL provides a full range of end-to-end services from ove
Maersk joins demolition trend Maersk Line has sold a 1999-built feeder ship for scrap, joining several other liner operators that have begun shedding older tonnage as the freight market corrects to pre-Covid-19 levels. Brokers said that the 1,092 TEU Maersk Aberdeen was demolished in Alang, India, on 2 February, after being sold to a Malaysian buyer, Accurate International, in January, on an "as is" basis in Jebel Ali, UAE. S
Lethal earthquake paralyses Turkish ports, container lines announce operation adjustments An earthquake measuring 7.8 on the Richter scale occurred on the border between Turkey and Syria, on the morning of 6 February leading many Turkish ports to face operational challenges. As it is already known, LimakPort Iskenderun, located in the Mediterranean coastal town of Iskenderun in the southern Turkish province of Hatay, was severely damaged , forcing the port authority to suspend the por
Hapag-Lloyd increases rates from Asia to Latin America Hapag-Lloyd will implement the following General Rate Increase (GRI) from Asia, except Japan, to Latin America destinations from 21 February 2023. The new rates will be applied to 20' and 40' dry containers, 40' high cube boxes and 40' non-operative reefer containers. The details for the German carrier's increase are listed below: 20' dry container: US$900 40' dry container: US$1,500 40' high cub
ST Engineering confirms US$95 million Keppel FELS yard acquisition ST Engineering's Marine business has paid US$95 million to Keppel FELS to acquire the property and assets of an existing shipyard at 55 Gul Road in Singapore for its commercial ship repair business. The assets acquired include three floating docks, existing buildings, workshops, and machinery. ST Engineering's Tuas shipyard will be replaced by the new Gul yard when its lease expires at the end of
Ellerman City Liners includes Bilbao in new Europe-USEC service The Port of Bilbao will be included in Ellerman City Liners' new service connecting Europe and the United States East Coast. The new service, which will commence in mid-February, will have the following rotation: Bilbao (Spain), Antwerp (Belgium), Rotterdam (Netherlands), Hamburg (Germany), Tilbury (UK), New York (US), Wilmington (US), Jacksonville (US) The vessels of the British shipping company
Clarksons snaps up Dutch renewables logistics player DHSS Clarksons' port services unit has acquired Dutch offshore renewables integrated logistics services firm DHSS. DHSS acts as a gateway to offshore wind farms, with services spanning the lifecycle of turbine installation, day-to-day operation and ongoing maintenance with sector-specialist coordination of port logistics, warehousing and helicopter movements from strategically located marshalling port
Monjasa steps up green fuel push with its first ammonia deal Danish bunker supplier Monjasa has inked a landmark agreement with Copenhagen Infrastructure Partners (CIP)-managed power-to-x project HØST PtX Esbjerg on logistics and offtake of green ammonia for the maritime sector. Described as one of Europe's largest facilities of this kind, the wind and solar-powered project aims to produce around 600,000 tonnes of green ammonia annually ...
FMC demands answers from MSC over congestion surcharges Using its new found powers granted by president Joe Biden, the Federal Maritime Commission (FMC) has taken aim at the world's largest containerline, Mediterranean Shipping Co (MSC). The FMC is questioning a congestion fee MSC charged SOFi Paper Products in a first case of its kind since the passing last year of the Ocean Shipping ...
Earthquake rattles Turkish ports A number of ports are still out of action in Türkiye more than 24 hours after the southeast of the nation was rocked by a massive earthquake which has killed more than 4,300 people. Iskenderun, a major port on the Mediterranean, suffered structural damage, as well as a severe blaze as containers caught fire yesterday. ...
Euronav shareholders to vote on board changes on March 23 March 23 has been set as the date for Euronav shareholders to vote on the make up of the tanker firm's supervisory board. Compagnie Maritime Belge (CMB), the shipping line run by the Saverys family, is aiming to replace the entire existing board, all of whom voted in favour of merging with Frontline, a deal that ...
ST Engineering acquires Keppel FELS yard ST Engineering's marine business has acquired the site and assets of an existing shipyard in Singapore at 55 Gul Road from Keppel FELS for $95m for its commercial ship repair business. The assets acquired include three floating docks, existing buildings, workshops, and machinery. The new Gul yard replaces ST Engineering's Tuas shipyard, as its lease ...
Siemens Gamesa and Doosan Enerbility join forces Siemens Gamesa and Doosan Enerbility, formerly Doosan Heavy Industries have signed a binding framework agreement for a strategic partnership for the South Korean offshore wind market. The framework agreement covers three areas for knowledge exchange on technology in which the two companies will collaborate closely in South Korea. Doosan will assemble Siemens Gamesa's offshore wind ...
American ship repair firm changes hands Funds managed by global investment firm Carlyle and private equity firm Stellex Capital Management have announced a definitive agreement to sell America's Titan Acquisition Holdings, a bi-coastal leader in ship repair services and marine and heavy complex fabrication, to an affiliate of Lone Star Funds. Titan is comprised of Vigor Industrial, an infrastructure, defence, and ...
Vopak takes over Gunvor's Antwerp site Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, giving it access to the Gunvor concession in the Antwerp port area. Vopak will redevelop the site with a view to offering green energy supplies. The site is some 105 ha in size and offers deepsea, river, ...
Denmark suspends processing green energy projects The Danish Energy Agency has suspended the processing of offshore wind turbine projects and other renewable energy projects under its so-called open door scheme as it awaits clarification from the European Union on a number of legal issues. How the projects have been awarded might be breaking EU laws, the agency explained. The decision has ...
TGS awarded Gulf of Mexico survey contract Seismic data provider TGS has signed an LOA to conduct a 4D OBN survey in Walker Ridge canyon in the US Gulf of Mexico. The survey is planned to mobilise in the third quarter of 2023 with a duration of around 100 days. Kristian Johansen, CEO at TGS, commented: "In January, TGS acquired Magseis Fairfield ...
OceanPal secures capesize charter with Koch Greece's OceanPal has entered into a time charter contract with Koch Shipping in Singapore for 2005-built capesize bulker . The charter is set to commence on February 9 at a rate of $13,300 per day, for a period of five to eight months. The vessels is currently on charter to Enesel Bulk Logistics at $12,900 ...
Reach Subsea charters Olympic MPSV for offshore wind contract Oslo-listed Reach Subsea has chartered in a multipurpose supply vessel (MPSV) from compatriot owner Olympic to cover an upcoming project in the offshore wind sector. The Haugesund-based company has won a contract from an undisclosed renewable energy major to provide wind-related services for six months firm with extension options attached to the deal. The 2007-built ...
Battle for control of Euronav hinges on Fredriksen's next move Attempts to head off a boardroom battle by offering the Saverys family and John Fredriksen two board members each will...
US bi-coastal ship repair company sold to private equity Carlyle and Stellex Capital agree to sell Titan Acquisition Holdings to an affiliate of private equity firm Lone Star Funds
KSOE narrows losses on lower costs and weaker currency Earnings level is expected to improve further this year with the delivery of more orders with better margins
Full-year box volumes lay bare liner shipping's woes Liner industry had worst fourth-quarter volume performance in five years
Why accusations of 'bad bunkers' must be read in context Recent Lloyd's List coverage has highlighted industry concerns regarding accountability and quality standards within the bunker sector. Unni Einemo, director...
Asia to drive coal import demand While demand from Europe may be low right now, Asia will suck in more volumes, with suppliers looking to maximise...
UN accused of obstructing movement into Houthi-controlled port Houthis accuse UN of preventing a ship from travelling to the port of Hodeidah
Monjasa signs green ammonia offtake agreement with 1 GW project Danish bunkering firm Monjasa signed green ammonia understanding with an electrolyser project in Denmark, which plans to start commercial operations...
Slow completions and price resistance continue in renewal round Miller describes 2022 as 'largely positive' for the hull and machinery market, despite underperformance from many other specialty lines
US sets up maritime security zone around 'spy balloon' debris site Waters off South Carolina closed to unauthorised traffic as recovery efforts of the intercepted balloon continue
Euronav's challenge against Frontline divorce dismissed by arbitrators Euronav's last-ditch appeal to stop the ill-fated Frontline-Euronav combination has ended after a Belgian judge dismissed Euronav's emergency arbitration filing
Maersk reroutes vessel traffic following Turkish earthquake Port of Iskenderun on Türkiye's Mediterranean coast halted operations after two major earthquakes in the region started a fire at...
Container manufacturing plummets as oversupply returns The manufacture of containers dropped by 47% in 2022, compared with the previous year's record levels
Cost of reviving yards may be hard to pay off as shipping turns green Newcomers are unlikely to repeat the success of manufactures of electric cars that have beaten their established rivals in winning...
Bulkers head for recycling as boxship scrapping deals increase Cash buyer GMS reports an increasing number of negotiations taking place for the recycling of bulk carriers and boxships
Daily Briefing Tonne-mile gains and rerouted Russian oil said to 'underpin inevitable owners' tanker market' to 2025 | Turkish ports halt operations...
Core Power to deliver first fit-for-purpose nuclear reactor by 2029 Company sees floating nuclear power stations to help decarbonise port operations as well as fit-for-purpose nuclear reactors being installed in...
Narrative of Russia-led boom in product tanker tonne-miles challenged Russian oil on the water surges to twice the 2021 average
ST Engineering buys shipyard from Keppel FELS The Gul yard will be used for commercial ship repair business, as well as to support ST Engineering's other marine...
Spot truckload rates rising at US East Coast ports, falling on West Coast Analysts have told the Journal of Commerce they expect spot market pricing to bottom out and remain flat for some time before rising again, most likely at a slow pace.
US retailers offer little optimism in gloomy H1 import forecast The uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the first half of the year.
Uncertain market clouds outlook for South China terminal operator Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust.
Overhaul acquisition consolidates freight risk management market Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe.
Back to the future in ship finance: Did somebody say 'syndications'? Lender Martin Lunder has been around long enough to remember when the loan instruments were popular
Bugbee at the crossroads of energy past and future - good business but bad for society Scorpio Tankers and Eneti president tells why dynamics are lining up for both businesses - for better or worse
CMB denies rejecting Euronav's proposal to have Fredriksen group directors on the board Belgian tanker owner wants representation from both its warring shareholders
Swedish conro operator Wallenius Sol's chief exec steps down Gothenburg-port boss Elvir Dzanic to join company in management shuffle
International Group lobbied for clarity around Russian oil price cap Trade group argued for safe harbour and emergency provisions, P&I executive said
German island pursues plan for hydrogen bunker station Consultant to undertake government-funded concept study
Royal Caribbean beats Wall Street consensus as it posts record bookings Owner returns to loss after posting first profitable quarter since pandemic suspended entire sector
Product tankers set for 'gradual recovery' as sector assesses EU ban Rates start to rise again after falling from the heights of peak demand at the end of 2022
CMB turns down Euronav's bid to have Fredriksen group directors on the board Belgian tanker owner wanted a 50/50 split on representation between its warring shareholders
Turkey-Syria earthquake disrupts liner operations Maersk and Hapag-Lloyd among names facing disruption from Iskenderun terminal damage
NYK LNG carrier to head to Malta for inspection after refloat in Suez Canal Vessel suffered 'no mechanical failure' prior to grounding, company says
Berge Bulk and Wartsila retrofit shaft generator to cut capesize emissions Technology group fits power take-off system to 2017-built Berge Toubkal during drydock to help cut its EEXI and carbon footprint
Further ship management consolidation hard to see, Columbia's O'Neil says CEO of Cyprus-based group believes there could be changes in the private-equity ownership of some companies, however
Markel boosts marine logistics team with new hires Two former TT Club underwriters have been taken on to grow the insurer's logistics liability business
Frontline boss Barstad says there are no talks on reviving Euronav merger Tanker owner's CEO also says certain conditions and assumptions of the combination agreement were not met
Seanergy spin-off strikes on bulker trio in deals worth $60m United Maritime Corp turns its asset play guns on a new class of a ship
Round one to Fredriksen: Euronav fails in legal bid to halt Frontline's merger exit Belgian owner had sought emergency decision to keep deal in place while merits of John Fredriksen's move to pull the plug are examined
BP expects its LNG supply to expand to 30 mtpa by 2030 Major is also homing in on growing biogas portfolio as it looks to future fuels
Maersk and Hapag-Lloyd among liners facing disruption from Turkey-Syria earthquake Major earthquake has caused disruption at Iskenderun terminal in Turkey
Thenamaris tanker sales campaign looks set to breach $400m mark Major Greek shipowner is thought to have made its weightiest deal yet following a string of disposals in the past 12 months
Clarksons launches push into Dutch offshore wind sector with takeover of DHSS UK shipbroker expanding port services operation with renewables deal
Wilhelmsen and Affinity to set up joint EU ETS compliance firm Ship manager and broker join forces to offer 'first of its kind' outsourcing service for shipping's management of emissions trading
Monjasa agrees offtake deal at big green ammonia plant in Denmark Danish bunker group teaming up with HOST PtX Esbjerg project to accelerate energy transition
PowerX fundraising to build 'Tesla of the seas' hits $76m Shoei Kisen and Anchor Ship Partners join project to transport offshore wind power
Vopak plots green fuel hub after buying Gunvor's Antwerp refinery and terminal Dutch group targets propylene, ethylene, CO2 and hydrogen transport from slice of prime port real estate
First giant LNG FSU poised for delivery to Russian Arctic First photos emerge of huge storage and transshipment units for Northern Sea Route as Novatek vows to start up Arctic LNG 2 in 2023
OceanPal wins pay rise as it moves capesize from Enesel Bulk to Koch Greek owner secures work for up to eight months for the Baltimore
Dane jailed for smuggling hashish in horsebox on Stavanger ferry 57-year-old sentenced to two years and nine months as part of wider investigation
KSOE spills red ink - again - but losses narrow Weak won and lower materials costs help Hyundai yard group
'Strong momentum' pushes up January freight rates at Hoegh Autoliners Norwegian shipowner says car volumes are on the up
Bulk carrier grounds off Turkey en route to load Ukrainian grain The TQ Ordu was forced onto a beach near Istanbul in a storm
Japan's Nissen Kaiun doubles up on product tanker orders The company has booked four newbuildings at slightly more than $45m per ship
Turkey earthquake halts oil flows to Ceyhan terminal Move said to be a precautionary move following tremor hitting southeast Turkey and northern Syria
PaxOcean and ASRY target green ship recycling with Wan Hai container ships Two shipyard groups in Asia and the Middle East have taken major steps in their quest to become green recyclers
ST Engineering buys Keppel shipyard to expand ship repair capacity Singapore group says buying existing facility obviates the need to build a greenfield shipyard
Euronav sets date for vote on Saverys' bid to replace board On the eve of arbitration decision, the family's CMB is looking to replace all five Euronav directors with new members
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