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JUNE 9, 2023

Commerce Minister to address FFFAI Diamond Jubilee event as Chief Guest in New Delhi today COSCO SHIPPING Lines appoints BSV Shipping Agencies as sub-agent in Hyderabad Major players bid to operate new liquid cargo berths at JN Port GDP to grow by 6.5 pc in FY24: RBI PCN marks a significant milestone by covering 130 countries Mandatory additional qualifiers in import/export declarations in respect of certain products wef 1.7.2023 Maersk expands relationship with Microsoft to further digitise & decarbonise logistics Supply chains threatened by stalled talks with US West Coast port workers Foodgrain output at new record India's internet economy seen growing six-fold by 2030 Finished steel exports dip

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JUNE 9, 2023

Navigating with "Windwings" SBB sets a new course for freight traffic Yang Ming orders five LNG 15,000 teu vessels 30th road haulage branch on Iberian Peninsula Logtainer and Hupac bolster cooperation Port of New Orleans welcomes Matthew Wypyski Another weekly flight between Beijing and Geneva Electric charging depot in California in operation ALS expands to Poland C.H. Robinson picks Dave Bozeman Quay and road access improvements in Matadi Ameriflight gets FFA approval to operate drones RCG handling new timber transports Europa Group: UK best Option for Ireland-EU goods Latam Cargo implements Iata's ONE Record "Curiosity of the Day" CTP Germany strengthens team A partnership to build ammonia-fuelled engines Time to vote for wind - until 18 June!

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JUNE 8, 2023

Transpac rates head north as carriers face Panama Canal restrictions CMA CGM Logistics - about $30bn of hidden value Crew member injured as fire hits MSC containership Lies, leaks and lethality: is ammonia a safe fuel for ships? PAC files complaint against port operator over 'unjust' charges Good boy - K9's Rodney can sniff-out lithium batteries Strike vote at Pacific ports in Canada sparks fresh worries for BCOs

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JUNE 8, 2023

VIDEO: Hurtigruten unveils plans for zero-emission cruise ship Hurtigruten Norway used this week's Nor Shipping event to unveiled early concept plans for its first zero-emission cruise ship. Initially announced in March 2022, under the project name Sea Zero, Hurtigruten has Clean Shipping Act of 2023 introduced Today is World Ocean Day and, perhaps sending a signal that legislators in many parts of the world can't wait for IMO to act, Congressman Robert Garcia (CA-42), and Senator Alex Padilla State-of-the-art containership delivered to ABS class Recently delivered to Singapore-based Asiatic Lloyd Maritime LLP (part of the AL Group), the ALS Ceres is the first in a series of six 7,100 TEU containerships and is the first Asiatic

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JUNE 8, 2023

Container lines see important decline in revenues and earnings in 2023 first quarter Sea-Intelligence said there were indications of a weakness in the market in the second half of 2022, which has manifested fully in the first quarter of 2023. Revenues declined quite sharply, in the range of 35%-70% year on year, while in terms of earnings before interest and taxes (EBIT), there was a stark difference for the first quarter of 2023 versus the previous two years. Overall, the first Kalmar and Access World continue collaboration with new terminal equipment order Access World ordered four Kalmar Eco reachstackers and two Kalmar Essential empty container handlers for deployment at their new Durban container terminal in South Africa. Access World is a service provider for major commodity markets including ferrous and non-ferrous metals, forestry and agricultural products, project cargo, chemical polymers and oil and gas. The order was booked in Kalmar's mot HHLA, ABB join forces to develop automatic stacking crane systems Hamburger Hafen und Logistik AG (HHLA) and ABB have agreed on a partnership in order to improve efficiency in long-term operation of large automatic stacking crane (ASC) systems. The aim of the partnership between the two companies, which will be ongoing until the end of 2025, is to unlock potential for the further development of systems for automatic stacking cranes as well as their use, mainten ZIM enhances LBX service with Greek port call ZIM decided to add a weekly call at the port of Thessaloniki in Greece to the rotation of its Levant - Black Sea Express (LBX) service in June. "Adding Thessaloniki will complement the existing calls of other ZIM services at Piraeus, providing full coverage of Greece," noted the Israeli container carrier. ZIM's LBX new rotation will be Haifa (Israel) - Alexandria (Egypt) - Constanta (Romania) - V Construction works begin on new port experience center in Rotterdam The Port of Rotterdam Authority announced on 5 June that its new port experience centre has been named Portlantis. On the same date, the authority celebrated the official launch of the centre's construction. More specifically, this took place on the construction site near the Maasvlakte 2 bathing beach at the end of Prinses Amaliahaven. The centre is expected to be ready at the end of the next ye Port of Los Angeles approves US$2 billion budget for next fiscal year The Los Angeles Board of Harbor Commissioners has announced a US$2 billion fiscal year 2023/24 (July 2023- June 2024) annual budget for the port of Los Angeles. The budget includes total operating revenues of US$652.9 million, an 8.6% increase over the fiscal year 2022/23 forecast. Also, shipping services are expected to make up the bulk of operating revenues at 73.3%, followed by rentals at 15.1 NRF urges Biden Administration to intervene with West Coast port labour negotiations The National Retail Federation (NRF) has called on the US President Biden Administration to intervene with West Coast port labour negotiations after reports of disruptions at Californian terminals. The new disruptions come as the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have failed to reach and ratify a new labour agreement following more than Seafarer labour market tightest on record The 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, which represents a marked rise from last year's 5% shortfall and the highest level since Drewry first started analysing the seafarer market 17 years ago. Similar deficit levels are forecast for 2023-2028 based on the limits of new seafarer supply becoming available in the period. While these defici

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JUNE 8, 2023

CMA CGM takes stakes in Spanish terminals French carrier CMA CGM is strengthening its foothold in Spain with stakes in two COSCO-operated terminals. The Marseille-based shipping giant has sealed a deal to acquire 49% of Cosco Shipping Ports (CSP) Valencia and 38% of CSP Bilbao from TPIH Iberia for an undisclosed sum. CSP Bilbao links Spain with the main ports of northern ... Eastern Pacific Shipping taps GSI for more LNG dual-fuel tankers Singapore-based Eastern Pacific Shipping (EPS) has signed up for more tanker newbuilds at CSSC Guangzhou Shipyard International (GSI). Idan Ofer's diversified owner has booked up to four LNG dual-fuel aframax/LR2 product carriers. The two firm 115,000 dwt units each costing around $70m will deliver in March and December of 2026. The deal also includes options ... Titan adds to LNG bunkering fleet with Fratelli Cosulich newbuild charter Dutch fuel supplier Titan has chartered in the first of the two LNG bunkering vessels Italy's Fratelli Cosulich booked for construction in China. The 8,200 cu m Alice Cosulich, built by Nantong CIMC Sinopacific Offshore and Engineering was recently delivered to Titan and will start operating in Europe in the fourth quarter of this year. ... Island Offshore secures more contract work for MPSV Norway's Island Offshore has secured employment for its multipurpose vessel to support two offshore projects. The 2020-built vessel will be responsible for the installation of a complete mooring spread for a floating storage regasification unit this autumn in a campaign expected to last between 90 and 120 days. The contract for an undisclosed client is ... Equinor and Nexsphere press ahead with offshore wind in Tasmania The Tasmanian government has committed to working together with the owners of the multi-gigawatt Bass Offshore Wind Energy (BOWE) project to secure green power supply for northern Tasmania. Energy minister Guy Barnett has signed a Memorandum of Understanding with representatives of Norway's Equinor and Australian firm Nexsphere, which are partners in the multi-billion-dollar project in ... Landmark lifecycle assessment set to be carried out on Knutsen LNG carrier An important study, long called for by environmentalists, will get underway shortly - shipping's first-ever full cradle-to-grave lifecycle assessment of a vessel from the raw materials dug from a mine needed to manufacture a hull block to the welder's torch at its life-end. Lloyd's Register, Knutsen, HD Korea Shipbuilding and Offshore Engineering and HD Hyundai ... San Francisco Bay Blues: Oakland suffering the most from dockworker dispute Ships backing up at Californian anchorages are now becoming clear for all supply chain specialists to see as reports grow of boxships suffering delays entering and leaving the ports of Oakland, Long Beach and Los Angeles on the back of industrial action taken by dockworkers over the past week. The situation is most acute in ... Petrofac secures more decommissioning work in Gulf of Mexico Energy industry contractor Petrofac has added a third field and extended the scope of its existing contract to decommission two fields, offshore Gulf of Mexico. A significant contract expansion lifts the legacy offshore fields and assets to 12 platforms, 211 wells and 32 pipeline segments, as well as operations and logistics services. The scope includes ... Toyota-backed marine fuel cell launches One of the most high-profile launches at this year's Nor-Shipping trade fair just outside Oslo has come from battery manufacturer Corvus Energy, debuting a new fuel cell, which it claims can transform the maritime industry. The Corvus Pelican Fuel Cell system is the result of the H2NOR research project that started in 2021. H2NOR was ... ADNOC Logistics & Services lands $975m deal for offshore artificial island ADNOC Logistics & Services (ADNOC L&S) has won a $975m contract from ADNOC Offshore for the engineering, procurement and construction of an artificial island for the Lower Zakum offshore field. The first major deal for ADNOC L&S after it was listed on the Abu Dhabi Securities Exchange this month, includes dredging, land reclamation and marine ... Denmark scraps open door wind scheme Denmark's new marine plan has excluded the allocation of space for future offshore wind farms under the country's open door scheme, resulting in the suspension of the majority of projects. A new plan proposed in the Danish Parliament expands the area of Denmark's sea available for renewable energy projects and energy islands from approximately 15% ... Futuristic looking ammonia gas carrier project moves ahead at Nor-Shipping Delegates attending Nor-Shipping are getting plenty of glimpses of what ships of the future will look like with design approval announcements coming out thick and fast. Among the more headline-grabbing announcements is the NoGAPS, an ammonia-powered gas carrier (pictured). Yesterday classification society DNV awarded the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration ... Shipping and climate: all hands on deck Dr Simon Bullock writes for Splash today, with analysis from researchers at the Tyndall Centre, University of Manchester, on shipping climate targets ahead of the upcoming MEPC80 at the IMO. When sailing directly into a dangerous storm, timely decision-making and decisive action is understandably essential. Delaying a change in direction risks taking longer to reach ...

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JUNE 8, 2023

China moves to tighten control over old tankers amid Western efforts to combat shadow fleet A local maritime authority at a major Chinese tanker port is imposing restrictions on the chartering and arrivals of elderly... Ukraine grain deal in jeopardy following Russia ammonia pipeline blast Russia had been calling for the ammonia pipeline, which runs from the city of Togliatti to the Odesa port in... One seafarer evacuated after fire breaks out on MSC boxship off UAE A fire broke on an MSC boxship en route from Dubai to Abu Dhabi, with one crew member airlifted to... Looming EU shipping sanctions raise enforcement concerns Shipping sanctions lawyers have already received several concerned calls from industry officials grappling with the prospect of an EU port... Capesize rates recover on talk of China policy props The forward curve has responded to the flicker of hope that the Chinese government is looking to shore up the... Jinhai Intelligent Manufacturing's chief engineer Ki-hee Kim dies, aged 70 He was honoured with the West Lake Friendship Award in 2015, which is bestowed by the Zhejiang Province government to recognise foreign professionals who have... Ammonia supply chain getting ready for shipping, despite delays Stakeholders in the ammonia supply chain have been rushing to help the clean fuel play a significant role in shipping's... Panama Canal draught restrictions could cut boxship loads by 40% Ships planning to transit at or near maximum authorised draught should factor in possibility of further reductions during the waiting... The Lloyd's List Podcast: What we learned from Nor-Shipping Decarbonisation dominated the debate at this year's Nor-Shipping, but in between hot air and emissions there was time to take... US imports continue mirroring pre-pandemic levels Cargo volumes are expected to continue rising sequentially, but the west coast labour situation is creating much uncertainty as peak... Eastern Pacific Shipping returns to China for LNG dual-fuel LR2 tankers The freight market boom has fuelled ordering activities in the sector, with 46 LR2 tankers ordered so far this year... Shipping skips over short-term struggles in favour of long-term aspirations Nor-Shipping has exposed the gap between what the industry is saying and what it is doing about decarbonisation in the... MSC sells seventh containership for scrap Sale of 3,500 teu containership adds to six vessels that MSC has sold for demolition since February. Meanwhile, Chinese owners... Hedge fund KKR provided lease financing for Russia-spoofing tanker KKR has provided lease financing for seven tankers bought and operated by shipowners in Greece to serve Russian oil trades... CMA CGM acquires stakes in Spanish terminals Former Noatum terminals now owned by CSP and CMA CGM. Carrier says deal will boost its shortsea services and Mediterranean... Seafarers want training on digitalisation and new fuels, study finds Training to handle the new technologies related to decarbonisation and digitalisation ranked highest among the concerns of the seafarers surveyed... Port of New York and New Jersey terminals shut early as smoke engulfs US northeast Smoke emanating from wildfires in Canada has severely impacted air quality and visibility in the US northeast and has forced... AMSA bans second vessel in a week Taiwan-owned vessel Babuza Wisdom was given a 90-day ban in the past week. The Australian Maritime Safety Authority says it has... Daily Briefing Greece seen stalling on new EU sanctions package on Russia that targets dark fleet ships | Shadow fleet 'immoral', 'disgraceful'...

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JUNE 8, 2023

Southern California ports navigate vessel backlog after ILWU job actions Cargo handling was back to normal Thursday in Los Angeles and Long Beach for the first time in a week, but the ports are now struggling with a large vessel backlog after not having sufficient longshore labor. Standoff between Yellow, Teamsters puts LTL shippers on alert Yellow claims its ability to "continue as a going concern" is being impaired by Teamster opposition to its restructuring. Wilmington port gets new operator after GT USA's unsettled tenure The Delaware port will be turned over to terminal operator Enstructure, which has committed to advancing the proposed Edgemoor container terminal project. CSX looks to dismiss Hapag-Lloyd complaint amid FMC oversight question While the FMC has jurisdiction over ocean carriers, it cannot regulate railroads simply because of their association with container lines, CSX said in a motion to disentangle itself from a demurrage complaint. IMO must set zero-emission target for 2050: Norwegian shipowners The shift to green fuels needs to be "supercharged" by establishing a clear zero-emissions target at the IMO's July meeting, according to an Oslo-based shipowner group. Second month of big Asia-Med volume growth drives market optimism There are growing expectations in the container shipping market that the Asia-Europe trade will see a peak season this year as European import volume growth continued in April. CMA CGM to acquire share of Cosco's Spanish terminal unit The Marseille-based carrier continues to grow its terminal portfolio in strategic areas as part of a broad move to control the end-to-end logistics of customer shipments. Rate of US import declines to slow into third quarter: Retailers The year-on-year gap in monthly import volumes will only narrow as shippers start to ramp up back-to-school and seasonal product ordering, says the National Retail Federation.

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JUNE 8, 2023

Viridis gets second class nod for ammonia-fuelled bulker design Norwegian owner now has approvals in principle from DNV and Bureau Veritas MOL orders dual-fuel coal carrier against charter from Kepco Oshima Shipbuilding will construct bulker Protesters target oil carriers with homemade bombs in Peru Country's largest crude producer says two vessels are being held by indigenous rights group in northwest Peru UK underwriter 'kept North Korea's foreign trade fleet afloat' Danish investigation claims David Skinner's DGS Marine was involved in insuring sanctioned vessels Quarter of owners lead carbon cut plans, while long tail is slower to move, survey finds Study by Global Centre for Maritime Decarbonisation and Boston Consulting Group identifies important trends in the race to cut carbon Oman's Asyad grows chartered fleet by 32 ships as profit rises Owner is also betting on LNG market after order for two more carriers A ho-hum shareholder meeting is music to the ears of Seaways management This week's Streetwise takes you to International Seaways' annual shareholders meeting, where the potential for open conflict yielded to the status quo - for now Protestors target oil carriers with homemade bombs in Peru Country's largest crude producer says two vessels are being held by indigenous rights group in northwest Peru CMA CGM expands terminal reach by buying into Cosco's Spanish ports French giant continues in expansion mode with deals involving Bilbao and Valencia Oshima Shipbuilding wins bulker order from Meadway Shipping Japanese shipbuilder is increasingly doing business with Greek owners after ignoring the market One-fifth of world fleet lead carbon cut plans, while long tail is slow to move, survey finds Study by Global Centre for Maritime Decarbonisation and Boston Consulting identifies important trends Bertram Rickmers remembered at Hamburg funeral service Large attendance expected today as shipping community pays its last respects to late shipowner Stakeholders shun shipping like 'tobacco', complains Seatankers 'Just say no' approach is hobbling efforts to finance the energy transition, leading investors and financiers tell Oslo panel Nine seafarer hostages freed four months after product tanker broke down off Libya Indian crew of the Maya 1 is heading home following February capture by militia Capesize spot rates 'hesitant' despite 5% rise in demand, Bimco's Filipe Gouveia says Analyst believes uncertainty over Chinese recovery and panamax competition are holding big bulkers back Singapore study says upskilling 'essential' for decabonisation and digitalisation Survey finds seafarers need additional training to handle new fuels and technology Knutsen teams with LR, HHI and KSOE to assess lifecycle carbon emissions on LNG carrier Joint Development Project will make first-of-a-kind study and help shipowners with decision on whether to upgrade vessels or build new Singapore study says upskilling 'essential' for decarbonisation and digitalisation Survey finds seafarers need additional training to handle new fuels and technology OSG tankers in double sea rescue within 18 hours Vessels pick up six people from two sailing boats in distress 'Internationally-minded' Nisshin Shipping legend Yayoi Fujii dies aged 91 Giant of Japanese shipping liked to keep a low profile Golden Energy Offshore boss Fagervoll builds stake to 10% with share deals Chief executive adds 1.4m shares in PSV owner 2020 Bulkers ups dividend as index-linked charter rates rise Switch to variable deals paying off for Tor Olav Troim-backed newcastlemax owner John Kerry likens climate fight to D-Day invasion as he urges net zero goal by 2050 US climate envoy says this is a 'decisive decade' and that global warming will not be stopped without shipping's help NorthStandard's top brass make Singapore pitstop to celebrate 'marriage' Singapore shipping names help managing directors Jeremy Grose and Paul Jennings toast P&I mega-merger Report claims seafarer has died in fire on MSC container ship Crew member was evacuated after a blaze broke out off the UAE Broker Marsh puts FD&D cover under the microscope New report examines how shipowners can find value in legal services cover Comment: Ukraine crisis triggers new Cold War for shipping in the Arctic Sanctions and ever-warmer summers are super-charging interest in Arctic shipping and fears of a free-for-all Mitsui OSK Lines orders LNG dual-fuel coal carrier against charter contract from Kansai Electric Oshima Shipbuilding will be constructing the LNG dual-fuel 95,000-dwt newbuilding Improving offshore markets help OSV player Sealink slash red ink Malaysian charterer and shipbuilder says recovery is being helped by increased demand and shrinking supply of ships

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JUNE 8, 2023

Labor unrest, canal woes could complicate 'normal' peak season This year's peak season could see West Coast labor disruptions coincide with Panama Canal water levels impeding cargo flows to the East Coast. Alaska Airlines trades water ballast for e-waste on Nome cargo flights Instead of carrying dead weight to help balance its empty freighters, Alaska Air Cargo is taking waste that will go to a recycling center. Labor slowdowns hinder container processing at Pacific Northwest ports Labor disruptions are slowing down ports in the Pacific Northwest as labor negotiations continue.