Exports seen in positive territory in the coming months; decline arrested
Current liner shipping market seen as unsustainable; rate hikes expected
CONCOR offering gunny bales movement
VOC Port launches projects & inks MoUs at GMIS 2023
Chinese curbs on graphite exports to impact supply
Cathay Cargo highlights rebranding at its "Wings of Excellence" event in Chennai
Tonnages partially recover from China's Golden Week
Procedure for revalidation / new registration of Self-Sealing Permission in EDI system by FSP Cell for electronic sealing of containerized cargo at factory or warehouse premises
Overweight stance on India increased
Southeast Asia LNG cargo price assessments launched
Imports from Russia, Hong Kong up in April-Sept.
India to export non-basmati white rice to 7 countries
Gujarat's commodity exports dip
Soyabean consumption, meal export figures seen up for 2022-23
New York offshore wind: "Back on track" Earlier this month, the news coming out of New York on offshore wind was causing some dismay. The New York State Public Service Commission denied petitions submitted by Empire Offshore Wind, Beacon
One of Damen's first ASD Tug 2111 tugs will go to work in Emden Hamburg-headquartered Louis Meyer has placed an order for one of Damen Shipyards' first next-generation ASD Tug 2111 compact azimuthing tugs. It will be operated under a long-term charter by Emder Schlepp-Betrieb GmbH
Bollinger gets Navy order for four more unmanned MCM vessels The U.S. Navy has awarded Bollinger Shipyards a contract to build four additional Mine Countermeasures Unmanned Surface Vessels (MCM USV). This brings the total number of these vessels under contract up at
Incat to use SSI shipbuilding software for giant Buquebús cat Incat Tasmania, which is building the world's largest battery electric ferry for long time customer Buquebús, will use shipbuilding software from Victoria, B.C,, based SSI in the project. Incat and its
Thai government to start national container shipping line In order to promote maritime trade, the Transport Ministry of Thailand is going to establish a national shipping company, according to Bangkok Post's report. The deputy transport minister, Manaporn Charoensri, asked the Port Authority of Thailand (PAT) to conduct a feasibility study for the cabinet to review. Next, the Ministry has to decide if the shipping company should be run as a state enterp
CMA CGM applies new rates in Jebel Ali Marseille-based container line CMA CGM will apply new Freight All Kinds (FAK) rates from Jebel Ali to all North European, Mediterranean & North African ports. The following rates will apply to dry cargo beginning 1 November 2023: From Jebel Ali to : Amount in US$ per 20' Amount in US$ per 40' North Europe US$1,050 US$1,150 West Mediterranean US$1,050 US$1,150 East Mediterranean US$1,050 US$1,150
Valenciaport handles nearly 386,000 TEUs in September The Port of Valencia has announced a year-on-year drop in September container volumes handling 385,830 TEUs. Additionally, rail transport continues to grow in the Spanish port with a total of 176,768 TEUs entering and leaving the Valencian ports by rail in the first nine months of the year. From January to September, container traffic with the Far East remained constant, with 585,177 TEUs handled
THE Alliance announces changes to Transpacific-East Coast services THE Alliance (THEA), comprising Hapag-Lloyd, HMM, Yang Ming and Ocean Network Express (ONE), has decided to make changes to the Transpacific-East Coast Network. The container alliance will suspend EC4 service from the 46th week of the year and revise the existing EC1, EC2 and EC5 services. According to THE Alliance, these adjustments aim to provide customers a frequent and comprehensive service c
CMA CGM applies low water surcharge in Brazilian port French ocean carrier CMA CGM has revised the low water surcharge (LWS) in Manaus, Brazil, as the navigability conditions on the Amazon River are still showing a great reduction in the water level along its bed due to the dry season. "This draft restriction directly affects the cargo capacity with which ships can transit the river, limiting shipments and landings at the port of Manaus," said CMA C
Freight rates up on long-haul lanes as capacity withdrawn Sentiment for rates on long-haul routes has turned positive for the first time since August. Vessel utilisation has been beyond expectations and Maersk has had to deploy extra loader services. THE Alliance's withdrawal of the EC4 US East Coast service in November will also help to reduce oversupply on the lane. On the Asia-Europe side, FAK rate hikes have helped push rates up, supported by capaci
Port of Los Angeles announces container growth in September For the second consecutive month, the Port of Los Angeles (POLA) saw a year-on-year increase in its container volumes. In particular, the Californian port handled 748,440 TEUs in September, translating to a 5.4% growth compared to the same month in 2022. Los Angeles port's loaded imports reached 392,608 TEUs in September, representing a year-on-year increase of 14%, while loaded exports rose by 5
Suez Canal fees set to rise Fees for transiting the Suez Canal are set to rise by 15% for most vessel types from the 15 January 2024 with some exemptions for container vessels out of North European ports. General fees for container ships and car carriers as well as crude, chemical and product tankers and gas carriers will all see a 15% increase in Suez Canal transit charges, while dry bulk and roro vessels will be charged 5
Liebherr crane arrives at GT USA's Canaveral Cargo Terminal, breaking several records GT USA's Canaveral Cargo Terminal (CCT) won a bid to receive and assist in the assembly of one of Liebherr's largest mobile harbour cranes in the United States. In particular, the heavy lift operation took approximately five days, where SAL Heavy Lift, a member of the Jumbo-SAL Alliance, brought the vessel Frauke to Port Canaveral. The heavy lift project consisted of multiple pieces of a Liebherr
Evergreen and Copenhagen Infrastructure Partners to jointly explore green fuels Evergreen Marine Corporation and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum of Understanding (MOU) to jointly explore production and usage of carbon-neutral e-fuels. CIP has signed the agreement on behalf of its Energy Transition Fund. The cooperation will have several aspects including production of e-fuels in Taiwan based on offshore wind and exploration of a broader supp
Reefer container production on downward trend The production of reefer containers in 2023 will be significantly decreased compared with the previous year, according to DynaLiners report, which says the full year production of reefer boxes is estimated at 150,000 TEUs, compared to 282,000 TEUs in 2022. From January to August 2023, the four reefer manufacturers, CIMC, Dong Fang, FUWA Guangdong and MCI, produced 113,000 TEUs of reefer container
NEOM, DSV establish US$10 billion logistics joint venture in Saudi Arabia NEOM and DSV announced a US$10 billion exclusive logistics joint venture to support the development of ambitious projects taking shape in NEOM, a special economic zone in Saudi Arabia. NEOM is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory. "NEOM is one of the largest and most complex projects in the world. It provides a unique opportunity
Collision between container and passenger trains kills 17 in Bangladesh At least 17 passengers died and nearly a hundred were injured as a container train hit a passenger train on Monday (23 October) afternoon in Bhairab Rail Station in central Bangladesh. Scores of passengers remained trapped under the compartments. According to Bangladesh Railway officials, the container train was heading towards Chittagong port from Dhaka, failed to follow the signal and hit the l
KEZAD Group signs facility lease agreement with Advanced Petro Services Khalifa Economic Zones Abu Dhabi - KEZAD Group signed a land lease agreement with Advanced Petro Services (APS), a provider of specialised services in the energy industry. KEZAD's industrial ecosystem is equipped with state-of-the-art infrastructure and services, which perfectly supports Advanced Petro Services' 24,000m² facility. Rajesh Nair, CEO of Advanced Petro Services, said, "Since our ince
SulNOxEcoTM achieves over 5% fuel savings for seagoing vessels SulNOx's all-natural, fully biodegradable fuel conditioner continues to show its worth as a market-ready tool in the maritime industry's arsenal for assisting in meeting International Maritime Organization (IMO) and European Union (EU) standards on vessel emissions. Fuel conditioner SulNOxEcoTM decreased marine diesel consumption in a two-stroke marine diesel engine by more than 5% in real-world c
Van Oord strengthens Singapore and Indonesia footprint with Delta Marine Consultants buy Van Oord is bolstering its footprint in Singapore and Indonesia with the acquisition of Delta Marine Consultants from BAM Infraconsult. The Dutch marine construction firm said the addition of combined teams from Delta Marine Consultants Singapore and Delta Marine Consultants Indonesia would bring dedicated expertise in coastal engineering and design of maritime structures, as well ...
Seaway 7 clinches Polish offshore wind contract Subsea 7's offshore wind service specialist, Seaway 7, has won a contract from Equinor and partner Polenergia for the inter-array cables of the MFW Baltyk II and MFW Baltyk III bottom-fixed offshore wind projects, in the Polish part of the Baltic Sea. Under the contract, worth between $150m and $300m, Seaway7 will carry out engineering, ...
Tuvalu warns of fraudulent ship registry website The Government of Tuvalu has sent a letter to the secretary general of the International Maritime Organization (IMO) in which it stated that a fraudulent website was offering shipping registry services on behalf of the island nation. The letter, received by the IMO last week, warned that the Tuvalu Ships Registry was not managed by ...
Columbia sets up crewing agency in Vietnam Shipmanangement giant Columbia Group has opened a new manning agency in Vietnam (CSM Vietnam), adding to its global network of owned agencies. Columbia has been employing Vietnam seafarers for years via third-party arrangements and the latest move will allow the company to tap into the developing seafarers' market with direct access. Possessing its own crewing ...
Eneti's Seajacks wins contract for newbuild wind vessel Emanuele Lauro-led offshore wind vessels player Eneti has announced that its subsidiary Seajacks signed a contract for another of its newbuild vessels with an undisclosed client. Eneti said that the contract is for one of its NG16000X-class wind turbine installation vessels currently under construction at Hanwha Ocean in South Korea. Mobilization for the project will ...
DSV forms $10bn logistics joint venture with Saudi Arabia's NEOM Danish logistics giant DSV has set up a $10bn joint venture with NEOM, Saudi Arabia's $500bn futuristic city project. The partnership will focus on providing a full suite of ground, sea and air logistics services for NEOM in the coming years. "The joint venture will provide end-to-end supply chain management, development and investments in transport ...
Greater intervention needed to battle shipping's tragic rates of suicide Seafaring remains a profession that suffers from a far higher rate of suicide than most other careers, and yet there remains no official statistics on how serious a crisis this is for the shipping industry despite many bodies calling for greater transparency on the issue. David Hammond, CEO of the NGO Human Rights at Sea, ...
Dayang wins more work with Petronas Malaysia's Dayang Enterprise has secured a work scope contract extension from Petronas, the parent company said in a filing with Bursa Malaysia. The deal, which covers maintenance, construction, and modification services offshore Malaysia, has been amended to cover the Sarawak Gas Area. The value of the contract extension is based on work orders issued by ...
Borr Drilling agrees $50m private placement Tor Olav Trøim's Borr Drilling has raised approximately $50m via a private placement of new shares. The Oslo and New York-listed company with a fleet of 22 jackup rigs and two more units set to deliver from Singapore's Seatrium, has picked up NOK556m in fresh capital through the issue of 7.5m new shares at a ...
Torm back for more of Alterna's MR fleet Brokers tell Splash that Denmark's Torm has dipped into the secondhand market, tabling $150m for four tankers, adding the Hyundai Mipo-built 50,000 dwt Marie S, Essie Jane S, and Nancy P from Alterna Capital. All ships were delivered between 2015 and 2016. It's unclear if this is a pure cash purchase or cash plus stock, as ...
Bunkering goes digital in Singapore The Maritime and Port Authority of Singapore (MPA) will become the first port in the world to implement electronic bunker delivery notes from the start of next month. Currently, the maritime industry relies on physical bunker delivery notes, a standard document required by the International Convention for the Prevention of Pollution from Ships that contains ...
Densay adds another newbuild in China Fast expanding Turkish owner Densay Shipping is back in China, signing for another newbuild. Multiple brokers report that Densay has booked a 63,000 dwt ultramax bulk carrier at Sumec New Dayang for around $32.5m. The ship will deliver in the first half of 2026. Splash reported in May the Tayfun Gunerhan-led outfit ordered four ultramaxes ...
Wallenius Wilhelmsen firms up order for methanol-fuelled and ammonia-ready newbuilds Norway's Wallenius Wilhelmsen has firmed up a letter of intent for four methanol-capable and ammonia-ready car carrier newbuilds in China. The Oslo-listed operator of around 125 ships has contracted Jinling Shipyard Jiangsu to build and deliver the 9,350 ceu quartet from mid-2026. A deal for the so-called Shaper Class vessels, developed in collaboration with ship ...
MSC presses ahead with Hamburg port entry Mediterranean Shipping Co (MSC) is pressing ahead with its entry into Hamburg port. The Federal Financial Supervisory Authority (Bafin) in Berlin has given the green light for the Gianluigi Aponte-founded Swiss containerline to buy into Hamburger Hafen und Logistik (HHLA) with MSC yesterday formally publishing its takeover offer of EUR16.75 per share. The shareholders of ...
Thailand looks at creation of national liner The Thai Transport Ministry is looking to establish a national shipping company. The Port Authority of Thailand has conducted a feasibility study on the new liner, setting out the pros and cons of running it as a purely state-run entity or pursuing a public-private partnership model. Initially, the plan is for the new containerline to ...
Vitol targets Singapore biofuel growth with specialist bunker barges Vitol is strengthening its position in Asia's expanding biofuel market, with the delivery of specialised bunker barges to Singapore in 2024. From early next year, Vitol through its wholly-owned subsidiaries V-Bunkers and Vitol Bunkers will be able to offer a range of biofuel blends, from B24, B30 and even up to B100 if customers request ...
Chinese shipbuilders wary of expansion despite increasing orders Chinese shipbuilders have been reminded 'history is a good teacher' when choosing whether to boost capacity. Memories of bad markets...
Seafarers held for months in Kaohsiung hotel after three-way wrangle on wreck removal costs Master appeals for clemency to Taiwanese president, citing illnesses among crew members and wish to attend his own mother's funeral
Shipping getting to choose its future fuels a 'hallucination': O'Neil Mark O'Neil said hydrocarbons will likely be the dominant fuel for the next two decades albeit burned more efficiently. The...
Global strains continue to drag on Antwerp-Bruges Antwerp-Bruges is doing less badly than its rivals. Nevertheless, it is still losing volumes in its key segments
Matson sees 'solid' freight demand on transpacific despite muted peak season 'Solid' freight demand sees volumes on US-listed Matson's key China route fall by only 1.3%, but third-quarter income is expected...
DSV signs up for $10bn Saudi joint venture DSV has won a place in a significant logistics joint venture. But third-quarter results show its traditional markets are still...
Stena Bulk and Proman establish fund to raise capital for methanol-fuelled ships Four Stena Bulk tankers will form the fund's initial portfolio. The fund is backed by equity investors and a green...
Israel: tanker owners shy away from 'too risky' Ashkelon Underwriters willing to write war risk, but prices substantially increased since start of Palestinian offensive, particularly for ports in range...
British ship Verity sinks in collision off Germany with four still missing One crew member has died, two were found alive and four are still missing after general cargoship Verity capsized and...
Singapore to pioneer digital bunker delivery notes Initiative can save up to 40,000 man-days per year for the bunker industry, while MPA plans to make digital bunkering...
Daily Briefing United Maritime closes in on Chinese leasing deals for veteran capesizes | Inaccurate or contradictory fuel consumption data risks CII...
Labour deal ratification boosting LA and Long Beach volumes, port chiefs say Port of Los Angeles chief Gene Seroka says ratification of the ILWU-PMA agreement boosted volumes last month, echoing the sentiment...
Chinese total energy demand to peak around 2025, IEA says IEA expects energy-related CO2 emissions to peak in the mid-2020s, as it suggests recent adoption of some climate policies significantly...
THE Alliance culls US, Europe services amid weak Southeast Asia import demand The latest service suspensions signal that US and European demand for some Asia-sourced consumer goods will remain tepid following the record spending splurge of the previous two years.
No escaping the truckload market's inherent fragmentation for Convoy The demise of truckload broker Convoy has highlighted how difficult it is to create differentiation in a market with no dominant player, with Convoy itself to blame for stoking more competition through its technology focus.
DSV signs onto $10 billion JV linked to Saudi-backed NEOM port project The announcement was made simultaneously with the forwarder releasing its nine-month financial results that reflected softening air and ocean markets, dragging down profitability from last year's record performance.
Geopolitics, economic slump drag down Antwerp-Bruges nine-month volumes Antwerp-Bruges follows neighboring rival Rotterdam in reporting a decline in container throughput this year through September.
Carrier wants SSA Marine to refund $9 million in Long Beach congestion fees The FMC complaint is atypical in that it's an ocean carrier challenging fees rather than a cargo owner, forwarder or trucker pushing back against detention and demurrage charges.
Suezmax tanker rates climb to five-month high, drawing VLCCs to smaller cargoes Atlantic rates surge as tonnage tightens, but entry of larger ships into suezmax market could cap rates
Capesize bulker market to hit 'single digits' as futures stay bearish, market watcher says China's economy has hit bottom, but where it goes from here is uncertain, Breakwave Advisors says
Jefferies raises Golden Ocean Group outlook as it expects capesize bulkers to hit 'higher lows' New York-listed shipowner also benefits from having younger capesize fleet compared to peer group
Back to the head of the analyst class for 'dean' Jonathan Chappell Evercore's veteran researcher tops Institutional Investor shipping rankings after two-year hiatus
Eneti scores contract for wind vessel newbuilding as 'market fundamentals remain strong' Deal to reel in $73m to $84m, with optionality to use either of two newbuildings
Frontrunners needed to push European CO2 capture to 50 million tonnes by 2030 Northern Lights first LCO2 carrier and its storage project will be ready in one year's time
Wallenius Wilhelmsen firms up first car carriers in potential 12-ship spree Contracts signed for next-generation vessels coming in 2026 from China
THE Alliance slashes capacity to stem container freight rate rot But fears are rising that the liner shipping sector will soon be loss-making again
One dead, four missing and ship lost in wake of North Sea collision Polish and British vessels crash south of Helgoland, Germany
Norden linked to MR tanker sales as Greeks star in S&P show Danish shipowner said to have achieved firm price for South Korean-built pair
Mercuria puts vessel into Signal Maritime's MR product tanker pool Athens-based pool operator's fleet fluctuates in line with moving tanker markets
Insurers face challenges in complex global war risk landscape amid sanctions concerns CJC managing associate with experience handling war risk claims says Ukraine conflict is a turning point
Peak oil before 2030 as crises highlight greener options, says IEA Energy body hails potential start of end of fossil fuel era in latest report
Seafarers missing, ship feared lost in wake of North Sea collision Polish and British vessels crash south of Helgoland, Germany
Robotic hull-cleaning operation Shipshave opens up in Athens Norwegian tech company wants to expand global reach with new regional office
Zim passes on Israel war risk charge to shippers Move comes after insurance rates escalated following Hamas attack
Decarbonisation needs a dose of Elvis: 'A little less conversation, a little more action' Delegates at the Global Maritime Forum in Athens say the ambitious new IMO decarbonisation targets will focus minds of companies to take action faster
Tuvalu issues warning of 'fraudulent' registry operation The IMO has warned of the dangers to safe and legal shipping posed by fake ship registries
Stena Bulk, Proman and ABN Amro join forces to fuel shipping's methanol revolution with financial firepower Low Emission Methanol Shipping Company brings together production, shipowning and financing expertise for the first time
'Stop pussyfooting with Iran': US senators demand tougher oil sanctions stance Bipartisan group push for $150m fund for tougher enforcement of US sanctions on Iran after exports hit five-year high
Chevron set to ship crude out of Guyana as it buys Hess for $53bn US oil major puts big bet on fossil fuel production in South America
Castor Maritime takes a loss in sale of two older panamax bulkers Cypriot shipowner continues to shed tonnage acquired during massive spree
Overseas Shipholding Group saving $1.7m through Jones Act fleet refinancing New owner Maritime Partners cooperated in negotiations with Tampa-based operator
India calls for release of three seafarers who escaped sinking tanker Trio say they have been held on the Indonesian island of Nias for eight months without being charged
UK's James Fisher orders up to four tankers in China as part of fleet renewal drive Two firm orders are thought to have been placed with an option for another pair
Vitol to offer full range of biofuels in Singapore from January 2024 New bunker tankers will be used exclusively to supply the fuel
Singapore to launch 'digital bunkering' to boost efficiency and transparency Maritime regulator says digitalisation can save the bunker sector up to 40,000 hours per year
Chattogram's youngest ship recyclers and Hong Kong Convention enthusiasts share their transformation vision Determined young industry leaders are committed to revitalising the often-criticised global recycling hub in Bangladesh
Cargo volumes a mixed bag for Gulf Coast ports in September Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.
Port of Los Angeles ready for bountiful container volumes "The table is set to scale up as demand increases," said Port of LA Executive Director Gene Seroka.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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