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MARCH 9, 2023

Allcargo consolidates its position in contract logistics business, buys out partner's 38.87% stake COSCO SHIPPING promoting blockchain-based electronic bill of lading Global available air cargo capacity above pre-pandemic level for first time in four years Emtelle signs Build-to-Suit deal with KEZAD to develop new $50 m manufacturing facility Special Rupee Vostro Accounts touch 50 in six months Vinayendra Parvathaneni of Seaways Group elected as the new Vice President of FORCE A.P. Moller-Maersk integrates West & Central Asia and Africa markets to form the IMEA (Indian Subcontinent, Middle East & Africa) region Extension of Special Drive CMA CGM Group strengthening commitment to diversity, equality & inclusion Nitin Gadkari highlights salient features of 4-lane National Highway connecting ICTT Vallarpadam MSC revising Ingwe service rotation HMM becomes best-performing carrier in low carbon emission between Far East & US West Coast Agri exports up YOU ASK.. WE ANSWER... Adjustment of maximum draught in Panama Canal's Neopanamax locks No additional pilotage charges at Krishnapatnam Port NPG recommends 66 infra projects under PM Gati Shakti Total exports seen touching $750 bn in FY23, says Goyal

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MARCH 9, 2023

Expansion in Turkey Bolloré Logistics bolsters Asia Pacific team Heavy e-truck to haul 120,000 t of lime to port Renault strengthens position in turbulent market Finnair posts solid cargo performance in February IRS and Dassault Systèmes join forces DHL Supply Chain picks Andries Retief Fashion and furniture shift to rail Food retailer builds automated distribution hub AD Ports Group and Egypt maintain cooperation Augmenting a strategic partnership RCG CEO joins VNL advisory board Sales revenue reaches new record WDS: a hub near Port of New York & New Jersey SAA Cargo contracts Menzies Aviation "Curiosity of the Day" DFDS and Volvo launch new electric trucks

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MARCH 8, 2023

Engine trouble grounded Maersk Air Cargo aircraft, not weak demand Under-pressure feeders now threatened by ocean lines' expansion 'Show me the money': the right time for M'rsk to ditch Svitzer Yang Ming top carrier for carbon efficiency - but not everyone agrees Race to boost same-day services slows Amazon's footprint shrinkage Markets: Pockets of value in the time of 'partisans and demagogues' DPW to deploy first Boxbay stacking system at Pusan Newport

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MARCH 8, 2023

Fincantieri Monfalcone floats out Princess Cruises' next-gen Sun Princess Carnival Corporation's Princess Cruises brand has celebrated construction milestone with the float out of its next-generation ship, Sun Princess, at Fincantieri's Monfalcone, Italy, shipyard in Monfalcone, Italy. Following the Italian shipyard's tradition, Crescent River Port Pilots go to Snow for two new pilot boats Seattle-headquartered Snow & Company Inc. has been awarded a contract to build two 50-foot pilot boats for the Metairie, La., headquartered Crescent River Port Pilots' Association. Like the two 64-foot pilot boats Wärtsilä books its first CCS-ready scrubber order As interest grows in the potential for exhaust gas cleaning systems to scrub out more than sulfur, Wärtsilä has received its first order for carbon capture and storage-ready (CCS-ready) scrubber systems. The MOL and Vale in rotor sail retrofit agreement Brazilian mining giant Vale International and Japan's Mitsui O.S.K. Lines, Ltd. (MOL) have reached an agreemen that will see two rotor sails retrofitted on a 200,000-dwt class bulk carrier, currently employed under

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MARCH 8, 2023

COSCO car carrier completes first voyage as customised special liner After a 25-day voyage, the vehicle carrier COSCO SHIPPING Teng Fei, which can accommodate 5,300 cars and is operated by Guangzhou Yuanhai Car Carrier Transportation, arrived at the Derince SAFIPORT Terminal in Izmit, Turkiye on 21 February and discharged 786 commercial vehicles. The vessel successfully finished the loading and offloading operation for 786 commercial cars at the SAFIPORT Terminal cargo-partner expands warehouse network in UK and Ireland Transportation company cargo-partner has announced it will enhance its warehousing, transport and distribution capabilities in the United Kingdom and Ireland. Working alongside logistics partners, cargo-partner can now offer vast warehouse space in Dundalk, Co. Louth and Ashbourne, Co. Meath in Ireland, and further warehousing space in Lichfield and Doncaster in England. Managing director of the Wärtsilä to deliver its first CCS-ready scrubber systems Finnish technology company Wärtsilä has received its first order for carbon capture and storage (CCS)-ready scrubber systems, which are expected to be delivered in the year. In particular, four 8,200 TEU container vessels, being built at an undisclosed Asian-based yard, will be fitted with Wärtsilä's CCS-Ready 35MW scrubber in an open loop configuration. The scrubbers are termed CCS-Ready because Hapag-Lloyd has installed monitoring devices in 100,000 reefers Hapag-Lloyd has achieved the milestone of equipping 100,000 of its reefer containers with a monitoring device. The German carrier began to equip its box fleet with monitoring systems in 2020. "Currently, new-built containers are being equipped with tracking devices directly upon completion in the factory, and the containers in our fleet are equipped during the regular Pre-Trip- Inspection (PTI) p MSC vessel loses around 45 containers Bermuda Maritime Operations Centre reported container loss from the 4,738 TEU boxship MSC Shristi approximately 350 nautical miles east of Bermuda. The Liberian-flagged vessel seems to have lost around 45 empty containers, which fell overboard due to bad weather. Maritime Bulletin has reported that according to track and AIS data, the loss of the containers occurred during 1-2 March, when MSC Shr NYK to sell Nippon Cargo Airlines Nippon Yusen Kabushiki Kaisha (NYK) entered into a Memorandum of Understanding (MoU) with ANA HOLDINGS INC. (ANAHD) to transfer entire shares of Nippon Cargo Airlines (NCA), a consolidated subsidiary, to ANAHD. NYK has been a major stakeholder in NCA's management since its establishment in 1978, and purchased all of NCA's shares in 2010 with the goal of becoming a comprehensive logistics company DP World implements BOXBAY system at Pusan container terminal DP World has announced the first commercial use of its BOXBAY High Bay Storage (HBS) system at its Pusan container terminal in South Korea, which is one of the largest box ports in the world. DP World's subsidiary Pusan Newport Corporation (PNC) and BOXBAY FZCO signed a deal on 8 March initiating the design and engineering works for the site to implement the storage system at the terminal. Sultan Wilson selects Seaber technology to digitalise fleet scheduling Seaber.io, the Finnish maritime technology company, announced a cooperation with Norway-based Wilson EuroCarriers. Seaber's technology aims to enable the digitalisation of Wilson's fleet scheduling, helping to improve efficiency as well as reducing costs and emissions. Seaber said it practically provides a solution that optimises fleet scheduling and maximises TCE, improving profitability and bri APMT Mumbai shuts berth for crane upgrading programme APM Terminals Mumbai, also known as Gateway Terminals India (GTI), in Nhava Sheva Port/JNPT has temporarily shut down one of its container berths for a major shore-side infrastructure upgrade. Under a US$115-million investment programme announced last year, the private operator is adding six ship-to-shore cranes and three rail-mounted gantry cranes (RMQCs). The company believes the equipment mode COSCO provides service to export China-made buses to Europe The multi-purpose carrier COSCO SHIPPING Tian Zhen, loaded with 33 Chinese-made buses, left the port of Yangzhou in China sailing to Finland on the first voyage undertaken by COSCO SHIPPING Specialized Carriers to support the export of China-made pure electric buses to Northwest Europe. COSCO SHIPPING Tian Zhen has a loading area of more than 14,000 m², equipped with four cranes with a maximum li CMA CGM ups intra-Europe market share CMA CGM is the only carrier to substantially increase intra-Europe capacity, particularly in the North Europe-Turkey lane, according to Alphaliner's latest report. Together with Swiss-Italian market leader MSC, the French carrier accounts for 48.8% of intra-Europe capacity. CMA CGM has increased its capacity share from 15%, or 147,000 TEUs, last year to today's 16.2%, equal to 157,500 TEUs. Unlik JAXPORT outlines progress on five-year Master Plan Jacksonville Port Authority (JAXPORT) CEO Eric Green said there is significant progress on the port's strategic plan for 2020-2025. Green provided updates on JAXPORT's infrastructure projects, business opportunities, and supply chain trends impacting Northeast Florida's maritime industry to a crowd of nearly 400 transportation and logistics professionals. Specifically, JAXPORT's five-year Strateg USTDA supports supply chain network of Thailand The United States Trade and Development Agency (USTDA) has awarded a grant to Thailand's Ministry of Transport's Office of Transport and Traffic Policy and Planning (OTP) for technical assistance to strengthen Thailand's supply chain network and advance the decarbonisation of the country's cargo transportation system. The assistance provided by USTDA will aid in the development of intermodal and

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MARCH 8, 2023

Boxships first to feature Wärtsilä carbon capture-ready scrubbers Finnish marine technology group Wärtsilä has received its first order for carbon capture and storage (CSS)-ready scrubbers for delivery in 2023. The 35 MW units will be fitted on four 8,200 teu boxships under construction at an Asian shipyard in an open loop configuration. Wärtsilä said it will perform additional design and engineering work to ... Belgians float offshore solar tech Belgian partners DEME, Tractebel and Jan De Nul have introduced a new offshore floating photovoltaic (PV) technology that can operate in harsh marine conditions and be installed in offshore wind farms. As authorities allow for multi-use concessions and the grid infrastructure shows good potential for combined use, the addition of offshore floating solar to current ... Performance Shipping in for LR2 newbuild at Shanghai Waigaoqiao Nasdaq-listed Greek owner Performance Shipping has signed a shipbuilding contract with China Shipbuilding Trading and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of LR2 aframax product/crude oil tanker. The 114,000 dwt newbuild will be delivered in the fourth quarter of 2025 at a price tag of $62.6m. The vessel will be LNG-ready and fitted with ... MSC ship loses more than 40 boxes overboard in bad weather An MSC panamax boxship has lost more than 40 empty containers overboard during bad weather some 350 nautical miles east of Bermuda. The incident was reported by the Bermuda Maritime Operations Center, which was advised via email from the that it had lost a total of 46 boxes at three different times. The 4,738 teu ... Shearwater returns to South Korea for new contract with KNOC Norwegian offshore seismic specialist and vessel player Shearwater GeoServices is back in South Korea with a new contract from Korea National Oil Corporation (KNOC) for a 3D streamer survey. The award of the 1,200 sq km survey marks the third project for the South Korean national oil and gas company. Shearwater won its first contract ... Al Seer Marine ups MR order tally at K Shipbuilding Al Seer Marine, part of Abu Dhabi's International Holding Company (IHC), has booked two additional MR tankers for construction at South Korea's K Shipbuilding. The ships will be delivered in 2025, according to industry sources, and cost about $42.5m each. They will be dual fuel LNG-ready and are being designed to be potentially ready to ... Tasik seals DSV charter extension with Shelf Subsea Singapore's Tasik Subsea has sealed an agreement with Australia's Shelf Subsea to extend the charter for the diving support vessel . The deal for the Fujian Mawei-built ship which went on a five-year bareboat charter with Shelf last year now includes further multi-year extensions. Southern Star has been contracted with Shelf Subsea since May 2019. The ... Offshore oil and gas investments to top $200bn by 2025 Offshore rigs, vessels, subsea and floating production storage and offloading (FPSO) activity are all set to flourish, according to a new analysis by Rystad Energy. The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with $214bn of new project investments lined up. Rystad Energy ... Vard wins new cable layer contract Italian shipbuilding giant Fincantieri has announced a contract with an undisclosed international shipowner for a new cable layer to be designed and built by its Norwegian subsidiary Vard. The ship will be built entirely by the Vard network, including the main systems and equipment. It will have a length of around 95 m and a ... Seadrill clinches $79m drillship contract extension in US Gulf New York and Oslo-listed offshore driller Seadrill has secured around six months of extensions with LLOG Exploration Offshore for its drillship operating in the US Gulf of Mexico. The extensions will kick off in direct continuation of the existing contract, keeping the 2014-built floater busy until the third quarter of 2024. The total contract value ... Tricky stats for shipping on International Women's Day Today marks International Women's Day, a moment to reflect once again on the extraordinary dominance men hold within the shipping industry. Nevertheless, there are signs that maritime is becoming a better, more aspirational place for women to work in. According to the International Maritime Organization (IMO), women make up 29% of the maritime workforce across ... Sharma's Lila Global pockets millons from latest tanker sale Lila Global, the shipowning arm of cash buyer Global Marketing Systems (GMS), has managed an astonishing return on investment in its latest deal. Broker sources tell Splash that the Dubai firm has sold the , a 51,000 dwt, 2007-built tanker, for just over $23m to an account in Turkey. The tanker was purchased for just ... Busy week for boxship sales Signs that the container sector is getting towards a market bottom can be seen in the sale and purchase secondhand market where vessels are changing hands in significant numbers. As has been the case since the middle of 2020, Mediterranean Shipping Co (MSC) is leading the charge for tonnage. Describing the secondhand boxship market today ... Sea World sells tanker to Vietnamese interests Monaco's Sea World Management, a vintage tanker player, has offloaded a 19-year-old, 40,000 dwt, Hyundai Mipo-built tanker to Vietnam's Hung Phat, a Ho Chi Minh City-based tanker firm. No price has been attached to the sale of the, a ship that has been renamed Blue Sun. The ship is headed towards Primorsk . Earlier ... Himalaya Shipping readies New York IPO Tor Olav Troim-backed Himalaya Shipping, an LNG-fuelled newcastlemax specialist, has filed a registration with the US Securities and Exchange Commission for a proposed initial public offering of newly issued common shares in the United States to go alongside its existing listing on the Euronext Expand in Norway. DNB Markets will act as sole global coordinator, ... Environmental groups file lawsuit to challenge decision to open 73m acres of Gulf of Mexico for oil leasing US environmental groups this week filed a legal challenge in federal court to the Department of the Interior's (DOI) lease sale 259 that would offer 73.3m acres of the Gulf of Mexico for oil and gas leasing. The sale is scheduled for March 28, 2023. Earthjustice, Sierra Club, the Natural Resources Defense Council and the ... New Jersey opens third offshore wind energy solicitation The New Jersey Board of Public Utilities (NJBPU) has opened the application window for the state's third solicitation for offshore wind energy development. The state is looking to award between 1.2 GW and 4 GW of offshore wind capacity, building on its previously awarded 3.75 GW. "Today marks a pivotal next step toward accomplishment of ... The Year of the Rabbit brings good tidings for VLCCs Mette Frederiksen, head of research and insight at Tankers International, writes for Splash today. China is a key driver of the VLCC market. The sheer scale of the country's need for oil and an infrastructure system built to accommodate large crude oil tankers means that shipping crude oil in the largest possible parcel sizes ensures ...

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MARCH 8, 2023

Freeport LNG gets approval to restart final liquefaction train Freeport says a conservative ramp-up profile to establish full production should tale place over the next few weeks US imports forecast to show 'modest gains' Retailers are keeping reduced inventories as they wait for a clearer idea of expected consumer spending before rebuilding their inventories... MSC vessel loses 46 empty containers in Atlantic Bermuda's Maritime Operations Centre says vessel lost the containers when it was about 350 nautical miles east of the island Performance Shipping orders LR2 at China's SWS Company says it grabbed one of the last remaining 2025 construction slots for aframaxes Inspirational cadet shows leadership is alive and well Daisy Jarvis showed leadership in helping fellow students overcome challenges and has become an inspiration to all her colleagues on... Marine mutual ITIC appoints Clarksons' Woyda as chairman 'Despite the challenging times, as a mutual insurer we have been able to continue to pay consistently high levels of... Women to be rewritten back into commercial maritime history Women comprise 34% of employees at shipowning companies and 16% of the workforce of maritime associations Early Chinese New Year pulls down January container volumes A January new year shutdown at China's factories makes direct annual comparisons difficult. Nevertheless, volume weakness is still visible in... Himalaya Shipping files for IPO in US New York will be a secondary listing as the company is already enrolled on Euronext Expand in Norway, but the... Bulk exports from Russia remain elevated EU sanctions on some bulk commodities, such as coal and steel, have failed to stop Russian exports to international markets Fincantieri suffers net loss due to impact of one-off costs Italian shipbuilder has a backlog of 88 newbuildings with a total contract value of €34.3bn. The orderbook comprises 26 cruise... HMM's state shareholders initiate privatisation process Move comes as the container shipping sector has entered a sharp correction from the pandemic-led boom The difficult details of decarbonisation Container lines are working hard towards achieving net-zero emissions. But the transition threatens to throw up some unusual circumstances NYK to sell air cargo business to All Nippon Airways NYK said the costs of maintaining and expanding the business were too high to justify amid volatile market conditions Al Seer Marine orders two MR tankers from K Shipbuilding New order has come less than four months after the Abu Dhabi shipping firm ordered four medium-range tankers from the... Daily Briefing Shippers should brace for impact of net zero costs | Scrapping and regulation may have little impact on boxship overcapacity... MOL and Vale to fit capesize bulker with rotor sails The vessel is expected to achieve about 6%-10% fuel and emissions reductions, combined with voyage optimisation technology Synergy rolls out tailor-made PPE for female seafarers Singapore-headquartered shipmanager Synergy is distributing new personal protective equipment to all female crew

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MARCH 8, 2023

US imports to begin recovery, but remain well below 2022: retailers Retailers say their main concern right now is to avoid over-ordering product from factories in Asia until they get a better handle on consumer demand later this summer. Southern California volume declines cause truck, rail rates to plunge Trucking and intermodal providers are offering discounts to secure freight in Southern California, where volumes are declining as imports from Asia fall. Beware of ocean carriers sidestepping EU emission rules: port groups Carriers may try to offset the costs of compliance with Europe's incoming Emissions Trading System by adding transshipment calls outside the 300-mile ETS zone, port groups say. Maersk shifts detention billing to shippers ahead of FMC regulation The move by the carrier comes as the FMC is in the midst of a rulemaking process around detention and demurrage billing mandated by the passage of the Ocean Shipping Reform Act of 2022 last June.

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MARCH 8, 2023

Ukraine and UN push for Black Sea Grain Initiative renewal Officials credit deal as providing global food security following meeting in Kyiv Performance Shipping heads to China for aframax newbuild Greek shipowner announces $62.6m deal with Shanghai Waigaoqiao Shipbuilding Co ONE Apus container collapse fuels tangled web of court claims in New York more than two years on Efforts to settle are underway as cargo interests look to bring ocean carriers to the negotiating table Clarksons' Jeff Woyda targets maritime growth as he takes ITIC chair Finance executive wants to maintain mutual insurer's market-leading position No commitment? Spotlight on Retail giants Walmart and Home Depot for their shipping emissions Our weekly environment newsletter digs into a report by green groups Pacific Environment and Stand.earth that names the biggest US retailers in terms of shipping emissions 'Consummate optimist and risk taker': LISCR founder Yoram Cohen dies Liberian flag is on the verge of becoming shipping's largest ship register Charterers forced out of hiding as VLCC rates jump 10% on western activity Brokers and analysts note growing confidence among owners after heavy week of fixing Steel-cutting begins on biggest car carrier but will Hoegh double-up on order? As work starts on the first of eight zero-carbon-ready Aurora ships, Norwegian owner has to decide whether to declare eight more options Container ships facing scrapping 'tsunami', says shipbroker Hanse Bereederung Director Alex Karydis believes shipowners will finally call time on 'useless' older vessels as newbuildings are delivered Trafigura banks $135m to boost tanker and bulker shipments from UAE Trading giant taps Abu Dhabi state lender and Japan's Sumitomo Mitsui for fresh funds Russian LNG imports to Europe hit record high in February But Elengy's three French terminals are currently closed to imports until 14 March due to industrial action Crude producer UAE taking more Russian oil through 'occasional' shipments Shipping data suggest exports to the Middle Eastern nation have been increasing Maersk and CMA CGM target post-pandemic growth through new divisions Carriers streamline operations with units for geographical regions and specialised shipping Arne Fredly increases stake in Rokke's Akastor after exiting Hunter Norwegian investor spends nearly $3m on offshore shipping company's stock Viewpoint: Rewriting the 'hidden' women into maritime history Leading shipping organisations are collaborating on a project to highlight the many opportunities undertaken by women to forge their careers - and making the information free Wartsila wins first order for carbon capture-ready scrubber system Technology group is aiming for a 70% CO2 capture rate with new equipment on boxships Wide-open IMO leadership election hots up as Demetriades mulls bid Former Cyprus shipping deputy minister and Brussels policymaker considers entering the crowded race for the role of secretary general Oslo's Klaveness looks beyond Norway to put students on ships Group looks beyond Norway for the first time to recruit academic talent Fixed time charter switches start to make sense for 2020 Bulkers Earnings from locked-in deals increase as index-linked returns fall Frontline's Barstad says consolidation is no burning issue amid strong markets CEO believes flourishing markets reduce incentives for tanker players to pool forces MSC container ship loses 46 boxes overboard in Atlantic storm Containers were lost at three different points off Bermuda Return of China driving VLCC cargoes upwards in 2023 Tankers International analysis reports increased in cargoes for the largest tankers heading east in 2023 WiGs rebranded Women in Green Shipping to reflect fuelling moves Industry group gathering momentum as females flood into alternative fuels sector Al Seer confirms MR tanker newbuilding swoop for combined $85m Abu Dhabi shipowner continues aggressive expansion in tankers and gas Breaking breakbulk: Digital guru Cynthia Mark Mohan rethinks traditional shipping Singapore's Jurong Port's digitalisation head followed her father into shipping and has never looked back Recruitment specialist Spinnaker says women hold just 15% of shipping's executive leadership roles Maritime recruitment specialist says 40% pay gap with men in shipping is key recruitment block MOL opts for Norsepower rotor sail for capesize chartered to Vale Brazilian miner looks to be favouring Finnish technology with its second installation of Norsepower units Herman Billung looks to take Himalaya Shipping to New York with US IPO Newcastlemax specialist still plans to maintain its Oslo listing Fincantieri posts €324m loss due to roster of one-time costs Revenue for 2022 came in at €7.44bn, up 11.7% from prior year

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MARCH 8, 2023

Imports sink again as wholesale inventories remain bloated U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports. NYK Line bucks trend, exits cargo airline business Shipping line NYK says operating Nippon Cargo Airlines is too expensive and plans to sell it to another Japanese carrier.