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OCTOBER 17, 2023

Prime Minister to inaugurate Global Maritime India Summit (GMIS) 2023 today NYK's world first LNG-fuelled Panamax commences operation Amendments in Para 4.10 (i) of the Handbook of Procedures, 2023 New CII Clause for Voyage Charter Parties Changes/improvements to be considered in dangerous goods transport regulations Inland waterways transport proving to be a game-changer: PM Priya Ranjan Parhi appointed Director (IM&O), CONCOR Kerala CM welcomes first-ever ship to Vizhinjam Port DP World raises $1.5 billion through a Green Sukuk to support its global decarbonisation efforts Saudi Ports Authority registers growth in container & overall cargo in Sept. HMM re-launches Intra-Asia service Antwerp Port's new rail connections Port of Salalah on track for record volumes in its 25th year of operation Govt reviewing FOB price of contract for Basmati exports Twenty pc duty on parboiled rice exports extended to March 2024 China's exports, imports dip in Sept. "One-stop shop" solution for participation in EU emissions trading launched

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OCTOBER 17, 2023

Linking Spain and France without border stop FedEx Express digitises shipment paperwork AAL expands in Taiwan with Wallem German vehicles to decarbonise Saudi Arabia IWT picks Janeta Toma Flying a first satellite from Japan to New Zealand Tyremotive: an eco-friendly facility in Kitzingen Loco pulls 6,400 t trains - even in rough terrain German ports for a green future Kenco strengthens life sciences division "Vienna Cargo Day": a premiere in Airport City DBJ joins Blue Vispy Consortium EV three-wheelers made in India A new hub in Vietnam A promotion for Tania Galli "Curiosity of the Day" Cargo performance in Africa

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OCTOBER 16, 2023

Israel update: force majeure, congestion and war-risk premiums, but carriers still booking Straight from shipyard to anchorage - long-term ULCV lay-ups loom Rise in long-term contract requests shows air cargo is normalising OceanX: The Big Bang Theory, but now what? X-Press Feeders sees Chittagong losses rise thanks to locals-only rule Inditex partnership with Maersk shows it has designs on greener transport Older CRJ freighters prove resilient, but only with niche operators

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OCTOBER 16, 2023

Bonnie G grounding response continues U.S. Coast Guard Southeast reports that crews responding to the Bonnie G grounding incident conducted successful salvage and dive operations over this past weekend off Cyril E. King Airport, in Saint Thomas, Columbia launches female cadet mentoring program As part of its bid to attract more women into the maritime sector, the Columbia Group, which includes Cyprus headquartered Columbia Shipmanagement, has launched a mentoring program aimed at female cadets. Recognizing Exmar LPG orders first two ammonia-fueled oceangoing ships Antwerp, Belgium, headquartered Exmar LPG BV, a joint venture between Exmar and Seapeak, has ordered what will be the first ever oceangoing vessels to be propelled by dual-fuel ammonia engines: two midsize

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OCTOBER 16, 2023

Bolloré Logistics USA opens new facility in California Bolloré Logistics USA has announced the launch of a new distribution center in Ontario, California. The 10,300 m² facility is located near the Ontario International Airport. This location offers proximity to downtown Los Angeles and the main suburbs as well as close access to the main interstate freeways connecting to Nevada and North and South California, said the company. Moreover, this new ope 5 Different Types of Conveyor: Which is Most Suitable for Your Company and Your Employees? There are many examples of conveyor systems to weigh up, with each suiting the needs of certain businesses more than others. Here are the main contenders and the features they offer to help you choose. Understanding Belt Conveyors When it comes to conveying goods along a path, belt conveyors are often your go-to choice. They're versatile and can carry a wide range of materials, both in size and w The Promising Future of Car Technology The automotive industry is undergoing a remarkable transformation, driven by rapid advancements in technology. From electric powertrains to autonomous driving features, the future of car technology holds the promise of safer, more efficient, and more enjoyable driving experiences. In this article, we'll explore the exciting developments in automotive technology, including a glimpse at the Cupra F METIS adds EU Emissions Trading Scheme to total emissions management functionality METIS Cyberspace Technology added new functionality to its cloud-based Total Emissions Management solution. In particular, this solution allows ship owners and operators to make best use of the EU Emissions Trading Scheme (ETS). According to METIS, as well as supporting IMO's Data Collection System metrics for a ship's Average Efficiency Ratio and Carbon Intensity Indicator, and EU monitoring rep Deloitte and Nexxiot ink strategic collaboration agreement Deloitte, recognised for its broad variety of services such as audit, consultancy, financial advising, risk management, tax, and legal services, is collaborating with Nexxiot, known for its experience in digitalising supply chain assets such as shipping containers and railcars. Nexxiot's sensor network and Artificial Intelligence (AI) capabilities provide significant insights into supply chain in MITSUI E&S and Liberaware use small-sized drone to inspect internal structure of container crane MITSUI E&S and Liberaware, a developer of small non-GPS drones, conducted a demonstration experiment by inspecting the interior structure of the quayside container crane using the small industrial drone "IBIS" which was particularly developed for indoor spaces. In order to improve the safety and quality of container crane internal structure inspection, instead of using the traditional inspection Container truckers threaten to boycott PSA Mumbai over gate congestion woes Frustrated over persistent gate congestion and excessive turnaround delays, container trailers serving India's Nhava Sheva Port (JNPA) have issued a boycott notice for PSA Mumbai, also known as Bharat Mumbai Container Terminals (BMCT). PSA Mumbai/BMCT is one of five container terminals at Nhava Sheva. A confederation of trailer groups - handling local container moves -- has complained that driver Asia's US-bound container exports grow in September after 13 months of decline Container exports from ten major Asian economies to the United States totalled 1.61 million TEUs in September, up 5.2% from the same month in 2022, in the first year-on-year increase after 13 months. China was the top source of US-bound shipments, transporting 942,548 TEUs, up 6% year on year, the first rise after 13 months. Those from Vietnam and Singapore were also positive, up by 0.2% to 153,6 Bolloré Logistics opens renovated headquarters in Shanghai Bolloré Logistics Greater China has unveiled its newly renovated headquarters, which are located in Shanghai. The updated building combines the elements of nature and embraces the harmony between natural and man-made materials. Additionally, the office was designed with the goal of reduced carbon emissions and allowing a reduction of 28.7% compared to the previous office. According to Bolloré Log Maersk and Inditex team up to reduce shipping emissions Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternative fuels. Through the ECO Delivery Ocean programme, Maersk replaces fossil fuels on its ships with green fuels, like green methanol or second generation biodiesel based on waste feedstocks. This is Tive announces one millionth tracker sold Tive, a real-time, end-to-end shipment visibility solution provider, has sold its one-millionth tracker. Since the company's inception, Tive trackers have generated 3.3 million real-time shipment alerts notifying customers of unexpected excursions due to location, temperature, humidity, shock, or light-enabling them to fix shipping issues before they become problems. Overall, Tive trackers have t WinGD to power EXMAR LPG's first ammonia-fuelled vessels WinGD, a Swiss marine power firm, will supply ammonia-fuelled X-DF-A engines for a series of two 46,000m3 LPG/ammonia carriers to be built at Hyundai Mipo Dockyard for EXMAR, a provider of floating solutions and a joint venture of EXMAR and Seapeak. The two 52-bore X52DF-A engines will be among the first WinGD ammonia-fuelled engines to enter operation in the second quarter of 2025. The order mar MITSUI E&S receives order of 30 cargo handling cranes for Port of Haiphong Port of Haiphong Joint Stock Company (CHP), a subsidiary of Vietnam Maritime Corporation (VIMC), ordered six ship-to-shore gantry cranes (Mitsui-Paceco Portainer) and 24 rubber tyred gantry cranes (Mitsui-Paceco Transtainer) from MITSUI E&S Co. Ltd. In particular, CHP is currently constructing the container terminal in the Lach Huyen area in Hai Phong City, which is located in the northern part o San Pedro Bay ports to receive up to US$1.2 billion federal grant to boost zero-emission initiatives The San Pedro Bay ports' efforts to help seed a robust green hydrogen market to assist in the pursuit of zero-emissions operations got jump-started this week with an announcement from the US Department of Energy that it will award a grant of up to US$1.2 billion to a public-private partnership formed to lead California's bid to create a hydrogen hub The ports of Long Beach and Los Angeles, which MOL to install Starlink service on more than 200 vessels after successfull trials After the announcement of Danish shipping giant Maersk about its cooperation with Elon Musk's Starlink , Japanese transport company Mitsui O.S.K. Lines (MOL) decided to install Starlink satellite communication service on 233 ocean-going vessels managed by MOL Group ship management companies. The group plans to have about 140 vessels equipped with the system by the end of fiscal year 2023. Starlin BIMCO adopts new CII clause for voyage charter parties The shipping sector is facing a rise in new rules from the International Maritime Organization (IMO) and the European Union (EU), as well as an increased urgency for decarbonisation. "As the shipping industry works towards decarbonisation, the need for new contracts and clauses increases. We are working constantly to ensure that BIMCO's contracts and clauses are fit for purpose as the regulatory

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OCTOBER 16, 2023

Tanker hits mine in Black Sea A Liberian-flagged products tanker struck a mine on Sunday in the Black Sea near the Bystroe Canal between Romania and Ukraine. The 6,620 dwt , owned, according to shipping databases, by Turkey's Palmali, reportedly sustained damage to the starboard side and ballast tanks with no injuries to the crew. Security consultants Ambrey said the tanker ... Montreal Port Authority gets $110m for new container terminal Transport Canada has awarded CAD 150m ($110m) for the construction of a new container terminal for the Montreal Port Authority in Contrecoeur, Quebec. The previous design-build-finance-operate-maintain (DBFOM) procurement process from November 2021 to handle both the terminal's construction and operation did not provide any bidders since circumstances like interest rates and inflation changed sin Finland takes action to protect energy infrastructure Following suspected sabotage of a gas pipeline linking with Estonia, Finland is taking emergency measures to protect national energy infrastructure. Access is being restricted at part of the port of Inga, which houses one of the country's two floating LNG terminals. In total, the Finnish government has identified 230 sites where it will restrict access ... Exmar takes the lead with ammonia-powered gas carriers set to deliver in 2026 Belgian owner Exmar will become the first shipowner in the world to take delivery of ammonia powered ships in the first half of 2026. Exmar has two 46,000 cu m LPG carriers contracted earlier this year with Hyundai Mipo Dockyard, with these ships set to be able to operate on ammonia or LPG. The engines ... Pressure mounts on Indonesia to release three Indian crew under house arrest Indonesia has been accused of illegally holding three Indian seafarers from a beached ship under house arrest, using them as leverage to get money from the ship's owner to cover the costs of removing the wrecked ship. The 5,000 dwt dirty tanker was carrying 1,900 tonnes of asphalt from Dubai to Indonesia and got hit ... Starlink to be installed on 233 MOL vessels Elon Musk's Starlink is gaining fleet after fleet with its high bandwidth internet offering. Last week, Maersk announced it would install Starlink across its entire fleet. Today, Japan's largest shipowner by dwt, Mitsui OSK Lines (MOL), said it would install the technology on 233 of its ocean-going vessels, with plans to get them on 140 ...

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OCTOBER 16, 2023

P&I clubs still working out insurance implications of alternative fuels 'We think it's going to be a headache and we think we need to invent the aspirins,' says West of... The week in newbuildings: Economou boosts large bulk carrier orderbook Orders of the 210,000 dwt newcastlemax series for George Economou-led TMS Bulkers in China have now reached eight vessels Falling west coast boxship calls show impact of slower speeds The number of transpacific sailings remains below normal for the time of year. Boxships speeds are also continuing to slide Tankers and bulk carriers to report softer third-quarter earnings Shipping is at a pivotal point as companies decide whether they will continue to return profits to shareholders or invest... Race to raise CII ratings boosts biofuel bunkering Biofuel bunkering demand has risen thanks to shipping companies aiming to ratchet up their CII ratings. The outlook for demand... Exmar's new gas carriers could run on ammonia 'as of day one' Exmar already carries ammonia as cargo and says its two dual-fuel ammonia newbuildings will be ideal candidates to run on... Former Cexim president Liu arrested in anti-graft dragnet Before moving to the Bank of China, Liu Liange worked at Cexim for 11 years and oversaw the ship finance... MSC sells 13th boxship for HKC recycling Latest boxship to be sold for scrap brings the total number of recycling sales this year to 54 vessels with... Carrier profits had little impact on inflation High freight rates for container cargoes were accused of driving up inflation during the pandemic. While profits did surge, the... Product tanker rates could surge on European diesel shortage, says Poten Unusually low diesel inventories in Europe have developed ever since the imposition of sanctions against Russia. This could mean higher... The week in charts: Unscrutinised attestations to keep Russian oil price cap alive | Grain laundering fleet undergoes major reshuffle | Ship recycling volumes rise Box rates remain depressed, first vehicle carrier recycling sale since 2021 and containership charter rates still declining MOL to add Starlink internet service to over 200 vessels Several shipping companies and managers have adopted the service to improve seafarers' well-being and help data sharing between ships and... Russia sends vessels carrying Ukrainian crew to back of queue for berthing and loading Probably simpler to sign off Ukrainian seafarers prior to Russia calls, owners advised Tanker market poised for further gains after strong rally Oil tanker owners' sentiment has turn bullish across all segments with higher rates and more cargo sources available in the... Renewable energy firm Orsted to receive US subsidy for Maersk green methanol supply Renewable energy firm Orsted will receive government subsidies in the US for its green methanol project that has Maersk as... Russian strikes reduce export potential of Ukrainian ports by 40% Ukrainian government is looking to expand a temporary corridor in the Black Sea that opened to international shipping last month Laskaridis orders six kamsarmaxes in China Recent spate of newbuilding contracts highlights gulf in price between dual-fuel and conventional vessels Daily Briefing Shipowners and insurers rely on unscrutinised attestations to keep Russian oil price cap alive | Russia's suspected grain laundering fleet...

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OCTOBER 16, 2023

Labor peace drives West Coast rebound in market share of Asian imports Discretionary cargo is returning to the West Coast as the confidence of retailers is boosted by ratification of the longshore labor contract in late August and the ability of the ports to immediately handle more cargo. Norfolk continues to drive warehousing boom in Southeast US Demand for industrial warehousing is surging along the Southeast US, with Virginia attracting more than 11 million square feet in the last three years. US wind industry navigates deep waters to meet ambitious offshore target Meeting the Biden administration's target of 30 gigawatts of offshore wind energy installed by 2030 will require floating offshore wind, which means building new, specialized port facilities to facilitate development in much deeper waters. Global shippers take lead in drive for green ocean transport Encouraging cargo owners to pay more for green ocean services remains a challenge, but carriers are reporting growing momentum from shippers aiming to cut Scope 3 emissions. CMA CGM's NY-NJ 'home' offers it Southeast Asia trade growth: Saade CMA CGM chairman Rodolphe Saade said he is seeing more customer demand than ever for Southeast Asia services that will eventually call at the carrier's two recently acquired terminals at the Port of New York and New Jersey.

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OCTOBER 16, 2023

Freshly scrubbed: How fuel spreads led an analyst to cut Eagle Bulk's earnings estimate B Riley Securities expects Gary Vogel-led midsize bulker specialist to turn first loss of 2023 Carnival and CSSC joint venture Adora Cruises sells 2000-built ship Co-owner Carnival Corp confirms offloading Costa Atlantica US reportedly nearing deal to ease sanctions on Venezuela Move to pull back restrictions on oil exports hinges on meetings between Maduro government and opposition MPC Container Ships hives off more vessels as boxship market worsens Tonnage provider offloads trio of feeders to Turkish carrier Arkas Turkish tanker damaged in collision with sea mine in Ukrainian waters Product carrier Ali Najafov named in reports but the crew is said to be unharmed VLCCs keep climbing as rates are tipped to rise even in the face of Middle East conflict Clarksons says Saudi Arabian cuts to production prevented much higher rates - and those could unwind VLCCs keep climbing as rates tipped to rise even in the face of Middle East conflict Clarksons said Saudi Arabian cuts to production prevented much higher rates - and that those could unwind Clarksons tips tankers to set new rate records as Frontline poised to profit John Fredriksen's company is in vanguard of earnings charge despite 'aggressive' debt financing of Euronav deal Alba Tankers signs up 20 tankers to Seaber's optimisation platform Danish owner aims to increase efficiency through cooperation with Finnish technology company Yes Sire, No Sire: Tanker regime highlights divide in global fleet The Sire 2.0 programme championed by oil majors is being rolled out this year with a focus on the ability of crew to confront threats Golar LNG's floating LNG production unit Hilli celebrates 100th cargo World's first LNG carrier-to-FLNG vessel has proved most productive Clarksons tracks tanker surge through Suez Canal as drought curtails Panama transits Researcher David Whittaker says two vital waterways are in focus amid shifting cargo patterns Iran pushes back against 'dark fleet' crackdown Tehran says move at International Maritime Organization deviates from its 'technical' remit Galbraiths reveals lower director pay as profit jumps before Ifchor merger UK shop also says 2023 has started well as it begins new post-merger era Mitsubishi Ore Transport strikes five-year charter deal with mining giant Rio Tinto Japanese bulk carrier owner to supply post-panamax bulker newbuilding to the mining giant Cambiaso Risso launches global division on back of UK-based P&I desk Nicky Ellis joins as third member of new London-based P&I team BW LPG's new gas trading operation roars back into profit in record VLGC markets Singapore shipowner's Product Services arm rebounds from weaker second quarter Galbraith's reveals lower director pay as profit jumps before Ifchor merger UK shop also says 2023 has started well as it begins new post-merger era Qatar's LNG shipowner Nakilat inches up third-quarter profit All eyes on whether company will net QatarEnergy newbuilding slots Exmar's Carl-Antoine Saverys steps into spotlight with bold ammonia move CMB cousins taking similar tack with bulkers but Exmar LPG strikes first firm orders Clarksons-backed fixture platform Sea teams with Spot Ship to deal with email deluge Clarksons-backed venture finds another partner to boost service Greece's Byzantine Maritime places first tanker in Navig8 pool Owner's new MR Katherine Lady brings eco pool to 13 ClassNK estimates 80m gt of zero-emission ships needed annually to meet carbon targets Japanese class society calls for 'collective effort' to achieve goals Exmar LPG takes plunge with world's first ammonia-fuelled newbuildings 'That's a revolution in our shipping industry,' says executive director Veteran vessel hit by serious fire in Denmark as cargo burns Fire crews succeeded in bringing blaze under control on the Ann Rousing in 30-hour operation Pole Star Global buys StratumFive in latest maritime tech tie-up Sanctions and screening specialist adds weather and voyage optimisation to its portfolio of services Viewpoint: Good is not the enemy of the perfect fuel solution - and it's the best place to start Arguing about which fuel might be 'better or worse' contributes nothing to overcoming challenges, says Methanol Institute boss Fresh bout of Greek kamsarmax bulker ordering comes to the fore in China Qingdao Yangfan captures lion's share of fresh newbuildings booked by Lavinia Bulk and Star Bulk European diesel shortages may jack up product tanker rates, says Poten & Partners Shipbroker believes cargoes from further afield are boosting trade for bigger ships at the expense of MRs Disruption feared for ships with Ukrainian crew at Russian ports New temporary rules introduced from Monday could bar shore leave and crew changes for Ukrainian seafarers, says American Club Fresh bout of Greek kamsarmax ordering comes to the fore in China Qingdao Yangfan captures lion's share of fresh newbuildings booked by Lavinia Bulk and Star Bulk MSC keeps big recycling lead over closest top-five liner rivals MSC Levina is the 13th vessel to leave Swiss liner giant's fleet on a final voyage to Alang's recycling beach European diesel shortages may jack up product tanker rates, says Poten Shipbroker says cargoes from further afield are boosting trade for bigger ships at the expense of MRs Podcast: The rise and risk of Arctic shipping traffic Audio edition of Green Seas explores the environmental consequences of shipping as the 'frozen north' thaws Britoil's Florent Kirchhoff dubs Vroon offshore fleet a 'perfect fit' Chief executive puts growth on the back burner as Singapore-based offshore player digests giant deal Alternative fuelling choices not going to get any easier in 2024 Industry shifts into a multi-fuelled era as owners juggle decarbonisation options Shipyards set fair as decarbonisation demands drive fleet renewals But shipyards still face labour, steel pricing and financial headwinds

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OCTOBER 16, 2023

How Middle East war could impact global LNG, LPG shipping A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks. Uptick in airfreight rates creates mirage of market recovery The air cargo market has pulled out of its 1.5-year dive, but analysts say don't be deceived by the slight seasonal improvement. Real growth is many months away.