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DECEMBER 15, 2023

JNPA SEZ drives industrial growth with strategic land allotment ECU Worldwide releases ESG report, vows carbon neutrality by 2040 Thames Freeport looking at trade, investment & technology partnerships from India Construction of EDFC completed; WDFC nearing completion: Minister Essar signs three MoUs with Gujarat government in Energy Transition, Power and Port sectors Port of Antwerp-Bruges & CMB.TECH launch world's first hydrogen-powered tugboat Digitising Certificate of Origin DGFT notifies registration process for yellow peas importers

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DECEMBER 14, 2023

Route diversions: ship captains 'don't know whether they're coming or going' CMA CGM imposes temporary restriction on Hong Kong reefer transhipment The DHL way: become a customer's customer... Integrators hit parcel shippers with fuel surcharges - as oil prices go down Production may be moving to 'China + many' - but there will still be China How the use of drones can improve port security US west coast ports heading for the 'congestion zone' again next year Korean Air sees directional imbalance in cargo flows as EC mulls takeover Forwarding veteran Angel Rodriguez joins ASF as president, air services

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DECEMBER 14, 2023

Brunvoll Mar-El will deliver onshore charging system for new Fjord1 fast ferries Brunvoll Group subsidiary Brunvoll Mar-El will deliver the onshore charging system for the three fast ferries that Fjord 1 will operate on city routes in the Bergen, Norway, region under a 15-year Crowley to pilot Carbon Ridge carbon capture on containership Back in September 2022, Crowley was among the companies contributing to a funding round that raised $6 million for Los Angeles based onboard carbon capture and storage start-up Carbon Ridge Inc. Now, New Schulte CSOVs will be methanol ready Norway's Ulstein Verft AS has ordered two sets of three MAN 12V175D-MEV methanol ready engines for two CSOVs (commissioning service operation vessels) currently under construction for Bernhard Schulte Offshore (BS Offshore). The

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DECEMBER 14, 2023

Hapag-Lloyd appoints new senior managing director for Middle East From 1 January 2024, Lars Sorensen will become Hapag-Lloyd's senior managing director of Region Middle East, based in Dubai, UAE. Sorensen will be succeeding Dheeraj Bhatia, who will become a new member of the Hapag-Lloyd executive board and CEO of the new Rotterdam-based Hapag-Lloyd Terminal Holding from 1 January. Sorensen joined the German shipping company five years ago and led Area India as Vodafone, Sumitomo Corporation, Deloitte and Nexxiot cooperate to support autonomous freight handling and trade compliance Pairpoint (Vodafone and Sumitomo Corporation's Economy of Things business), Deloitte, and Nexxiot have joined forces to offer digital services that speed up the flow of goods worldwide. The new service will automatically verify the provenance of data on the movement and content of cargo, allowing companies to improve freight handling whilst complying with trade laws. This will lead to faster cust MSC targets oversized Indian freight to use up excess vessel capacity Container lines -- awash with excess capacity amid muted demand conditions -- are attempting new strategies to lift headhaul loads. Signalling that trend, Mediterranean Shipping Co. (MSC) recently moved 30 transformers from Munda Port in India to Dar Es Salaam in Tanzania, with each unit weighing more than 140 tonnes. The movement was a complex operation, given the oversized nature of the cargo a Port of Antwerp-Bruges and CMB.TECH launch world's first hydrogen-powered tugboat Port of Antwerp-Bruges and CMB.TECH announced a world first, the Hydrotug 1, the first hydrogen-powered tugboat, which is now ready for operation in the Antwerp port area. This ground-breaking development will play a crucial role in Port of Antwerp-Bruges' efforts to green its fleet and achieve climate neutrality by 2050. The Hydrotug 1 is the first tugboat in the world to be powered by combustio Veson Nautical acquires AI-driven data platform Veson Nautical, a global freight management solution provider, announced its acquisition of Shipfix, a collaborative data platform for the maritime and trade sectors driven by advanced Artificial Intelligence (AI)-enabled tools. As Veson's second acquisition this year, Shipfix is expected to further Veson's pursuit to deliver quality, contextual data to the industry. Veson will continue to offer MPA issues EoI for methanol supply as marine bunker fuel in port of Singapore The Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EoI) on 14 December to invite interested parties to submit proposals for the supply of methanol as a marine bunker fuel in the Port of Singapore. The EoI aims to gather proposals for the implementation of end-to-end methanol bunkering solutions in Singapore from 2025. The goal is to ensure a resilient supply of m Jens-Ole Krenzien steps down as Maersk's head of Northern Europe Maersk's head of ocean and logistics in Northern Europe Jens-Ole Krenzien has reportedly left its position from 8 December. Jens-Ole Krenzien has held this position since the beginning of 2019. The reason for the decision is not known yet. The post appeared first on Container News . California sees growth in container volumes San Pedro Bay ports have reported an increase in container volumes during the previous month, with the Port of Los Angeles (POLA) moving 763,262 TEUs in a 19% year-over-year improvement and the Port of Long Beach (POLB) moving 731,033 TEUs in a 24.2% growth over November 2022. "We are recapturing market share, online shopping is on the rise and retailers are keeping the shelves stocked to meet ri US ports losing direct access to South America, reports Sea-Intelligence Even with the underlying services from North America-East Coast South America & West Coast South America unchanged pre- and post-pandemic, the number of total and distinct port-pair connections decreased substantially during the latter stages of the pandemic, according to the latest Sea-Intelligence report. "Had the total port-pair connections decreased while the distinct port-pair connections re

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DECEMBER 14, 2023

Ship finance lenders make headway on sector's emission targets The 34 banking signatories to the Poseidon Principles, representing a loan portfolio to global shipping of about $240 billion, have reported a joint improvement in emissions reduction scores in 2023 based on initial IMO targets. In its fourth annual report, the framework for measuring and reporting the alignment of lenders' shipping portfolios with climate goals ... Scorpio Tankers buying back more ships Monaco-headquartered Scorpio Tankers has revealed another series of vessel repurchases tied to debt or lease financing. The Emanuele Lauro-led product tanker giant with a fleet of 111 ships will free 13 ships of debt or lease obligations, including three 2013-built MR units STI Beryl, STI Le Rocher, and STI Larvotto in a $29.1m deal expected ... BIMCO and leading miners push for trade digitalisation The world's largest international shipping association BIMCO and four of the world's largest mining companies Anglo American, BHP, Rio Tinto and Vale have published a position paper, that proposes solutions and aims to accelerate the adoption of digital technologies across the metals and mining supply chain. The four miners have formed a working group, the ... Veson Nautical acquires Shipfix US shipping software company Veson Nautical has bought software and technology provider for maritime and commodities markets Shipfix, adding to its UK acquisition of online pricing platform VesselsValue earlier this year. Shipfix will further Veson's pursuit to deliver quality, contextual data to the industry. Veson will continue to offer Shipfix's suite of maritime solutions and ... Bernhard Schulte enters liquefied CO2 trades with first newbuild backed by Northern Lights charter Germany's Bernhard Schulte is expanding into liquefied carbon dioxide shipping with its first CO2 carrier order. The shipowning business of family-owned Schulte Group with a diversified fleet of 80 fully or partly owned vessels, has contracted China's Dalian Shipbuilding Offshore (DSOC) for a 7,500 cu m LNG dual-fuel capable liquefied CO2 carrier newbuild backed by ... Nakilat-Keppel O&M rebrands as Qatar Shipyard Technology Solutions Qatar's shipping repairs and offshore construction facility, Nakilat-Keppel Offshore & Marine (N-KOM) is rebranding itself into Qatar Shipyard Technology Solutions (QSTS). The move marks a milestone in the company's evolution underscored by the company's new vision, "to be the leading world-class shipyard of choice" delivering sustainable marine and offshore technological solutions. The new ident Pressure grows on Liberia and Marshall Islands to take action against the dark tanker fleet Pressure is growing on two of the world's largest flags - both of whom are headquartered in Virginia in the United States - to take action against the dark fleet. Research carried out by Craig Kennedy, who runs the Navigating Russia substack, shows some 40% of Russia's supposedly sanction-proof fleet has been flying flags administered ... Arcadia Shipmanagement books up to four aframaxes at Dalian Greece's Arcadia Shipmanagement has been linked to more tanker orders about a month after signing up for a pair of suezmax newbuilds in South Korea. The Athens-based tanker outfit has contracted Dalian Shipbuilding in China for the construction of two scrubber-fitted aframaxes at $63m each, according to brokers. The deal will see the 115,000 dwt ... Urgent talks underway to ensure safety in the Red Sea Urgent diplomatic discussions are going on around the world to ensure the chaotic scenes recorded in the southern Red Sea in recent weeks do not escalate further. The Houthis from Yemen, backed by Iran, entered the Israeli/Hamas war on the side of the Palestinians a month ago and have since harassed many ships passing near ... Singapore moves to secure methanol bunker supply The Maritime and Port Authority of Singapore (MPA) is seeking proposals for the supply of methanol as a marine bunker fuel in Singapore from 2025. MPA said the call is aimed at ensuring a resilient supply of methanol to meet the international bunkering needs in the Port of Singapore, given the expected delivery of methanol-capable ... DOF charters Jones Act-compliant ship Norway's DOF Group has penned a deal with US offshore support vessel owner and operator Bordelon Marine to charter in the Jones Act-compliant ultra-light intervention vessel (ULIV) Connor Bordelon for operations in the US Gulf of Mexico. The charter starts in March 2024 for a one-year term plus a one-year option. DOF said it will ... EGPN Bulk Carrier in for Bocimar cape trio China's EGPN Bulk Carrier has gone back to its roots adding ships in the bulk segment, securing three capes at a time when spot rates are stabilising at healthy levels. The Chinese owner, who earlier this year splashed out some $320m on a string of chemical tanker newbuildings, has decided it's time to fatten its ... A year of too much news Andrew Craig-Bennett, Splash's lead columnist, is tasked with summarising the crazy year in maritime in 600 words. He fails. Such a year required a couple of hundred extra words to just scratch the surface. As the editor said recently, this has not been an ideal year for Splash. We have been almost overwhelmed with news, ...

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DECEMBER 14, 2023

Shipping banks reveal extent of their misalignment to net zero targets Poseidon Principles banks have reported for the first time against the newly increased net zero climate goals established by the... Dutch LNG bunker supplier secures new funding Amsterdam-based LNG bunker supplier Titan closes a funding round with a new investment from land-based LNG firm Molgas, as the... BIMCO joins forces with miners to digitalise bulk Digital documentation is becoming more common in some sectors than others. A new effort by BIMCO and mining giants wants... Climate talks must deliver detail - anything less is a COP out Returning from the COP28 climate summit, International Chamber of Shipping secretary-general Guy Platten reflects on the missing details from this... Missile fired at Maersk containership entering Red Sea The missile missed and the crew and vessel are safe Shipbuilding: Back in the black Strong newbuilding ordering activity from the dry cargo, gas and vehicle carrier sectors looks set to continue in 2024, while... Marine insurance: moderate hardening expected across all main lines With January 1 and February 20 renewal deadlines looming, and continued conflict in Ukraine and Gaza, war risk premiums will... Shipping costs would soar if true costs taken into account Shippers would have to pay much more if the real impacts of shipping were taken into account. But the pandemic... Shipping asserted its leading role in decarbonisation at COP28 Global Maritime Forum chief executive Johanna Christensen and UFCCC shipping climate champion Katharine Palmer argue the industry showed itself a... Singapore seeks methanol bunker suppliers The MPA looks to external partners to help realise ambitions to provide end-to-end methanol bunkering solutions in Singapore from 2025 Hyundai Mipo Dockyard partners with Vietnam to expand labour pool through training Several partnerships have been established with Vietnam after South Korea increased the visa quota LA and Long Beach chiefs say they are recapturing market share Port chiefs at the US' largest port complex say they are regaining market share as cargo volumes continue their recovery... Daily Briefing Shipping will 'get there by 2050', industry heavyweights tell Lloyd's List Outlook Forum | Geopolitics and cost of decarbonisation top...

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DECEMBER 14, 2023

Wide variances remain in Europe ETS levies ahead of Jan. 1 start date While carriers have been revising their ETS surcharges with carbon pricing on the markets becoming clearer ahead of the implementation date, the price differences have shippers and analysts scratching their heads. US retailers increase import forecast amid expectations for 'record' holiday sales A strong Black Friday and Cyber Monday, coupled with rosy sales expectations, are spurring US retailers to boost their import forecasts for early 2024, according to the National Retail Federation. Crew, vessel safe after Maersk container ship targeted in latest Red Sea attack Attacks have intensified since the end of last month when Iran-backed Houthi rebels began indiscriminately targeting ships sailing in the Red Sea near Yemen, leading some operators to avoid sailing in the area. Congress urged to pass legislation quickly for harbor navigational projects The Water Resources Development Act, which provides funding for deepening and widening projects at US ports, has no set timeline to be implemented and stakeholders worry the delay will hinder critical work. THE Alliance's 2024 network adds port calls as services remain suspended Next year's schedule will see two services that were suspended in 2023 remain offline, but two Asia-US services will be restored and new port calls added overall. Wide variances remain in ETS levies ahead of Jan. 1 start date While carriers have been revising their ETS surcharges with carbon pricing on the markets becoming clearer ahead of the implementation date, the price differences have shippers and analysts scratching their heads.

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DECEMBER 14, 2023

Crowley joins Carbon Ridge to pilot carbon capture system on container ship MARAD supports effort to test system in real maritime environment Navibulgar handysize bulker reported boarded in the Arabian Sea Vessel is at the open sea and was previously reported performing erratic manoeuvres Shipowner moves on Eagle Bulk stock tripped the dominoes on Star Bulk takeover This week's Streetwise newsletter examines how share grabs by Danaos and Castor Maritime last summer led to $500m Star Bulk buyout BW Energy share price jumps as Sohmen-Pao launches takeover offer BW Group's price values oil exploration & production subsidiary at $637m Greece's Top Ships moves on launching $4m share buyback Tanker owner says it will carry out private or open-market deals over the next three months Container liner operators resume services to drought-stricken Amazon But low-water surcharges will remain for foreseeable future Maersk container ship suffers near miss in Red Sea missile attack Commercial vessels come under fire in Gulf of Aden for a third time this week Veson Nautical strikes again with acquisition of Shipfix data platform Latest acquisition brings pre-fixture data, collaboration tools and a team of talent Cosco fixes Greek trio in pre-Christmas spree amid demand for big boxships An unusual bout of fixtures fuels optimism for next year Clarksons and Hydrogenious team up on plan to ship green hydrogen on chemical tankers UK broker and German tech company working on road map for alternative fuel supply chain Dutch fuel supplier Titan nets new shareholder as Molgas Energy takes 45% stake InfraVia Capital Partners-backed small-scale unit set to propel bio-LNG growth ambitions What if the Suez Canal closed? Owners would make more money, Fearnley says Boxships, tankers and LNG carrier markets would see the most disruption if Houthi attacks forced all cargoes to divert Bernhard Schulte jumps into LCO2 shipping with Northern Lights newbuilding Vessel will boost Norway's carbon capture and storage venture's fleet to four ships Scorpio Tankers buying back 13 more ships as spot rates rise Emanuele Lauro says balance sheet continues to improve as winter demand increases US crackdown on Russian oil tankers driving shipping costs up, says IEA Eight tankers have been targeted for oil price cap breaches since October Poseidon Principles banks move closer to transition targets but net zero questions remain Lenders' portfolios are on average 2% above required decarbonisation trajectory Wavelength: Extreme weather means anything but business as usual for shipping Drought-hit waterways and fresh trades opening in the Arctic paint a foreboding picture Fearnleys gives d'Amico a buy rating as dividends and buybacks are tipped to continue Italian product tanker owner issued more than $40m in dividends in the past two quarters Marshall Islands shuts down shadow-fleet tanker insurer linked to grounded Liberty International Registries has 'forcibly dissolved' Continental Steamship Owners Mutual China Merchants doubles down on bulk carrier order at Jinling Shipyard The Chinese company is ordering the new ships as part of its fleet renewal programme Houthi drone targeted US warship during Ardmore attack The USS Mason is revealed as the destroyer that assisted a stricken Ardmore tanker in the Red Sea on Wednesday Singapore on the hunt for methanol bunker fuel suppliers Detailed proposals are due in February 2024 Spiralling costs force KiwiRail to pull plug on expensive hybrid ropaxes at Hyundai Mipo Ferry operator says it has to examine its options with the South Korean shipbuilder after project funding gets cut Bomb blast hits Piraeus office housing shipping firms, with no injuries reported Material damage but no victims reported in Filonos St building in which a dozen maritime companies are located Bullets and missiles fired at Ardmore tanker in latest Houthi attack Incident comes hot on the heels of missile strike against Norwegian tanker on Monday KNOT Offshore locks in charters for shuttle tankers amid talks on others New York-listed shipowner sees dip in third-quarter profits but offers upbeat outlook