Evergreen honoured with 2022 E-Commerce Excellence Award
DP World launches double-stack train services from Mundra Port to its Ahmedabad Inland Terminal
Milaha reports increased net profit in Q1 2023
Haldia temporary shutdown of jetty
Paradip Revised Scale of Rates
MPS is a leading importer of fruits & vegetables in the Middle East
FIATA & Global Shippers Forum call for stronger data governance standards in digital supply chains
New cargo terminal of Pune airport to be operational by mid-May
Qatar Airways Cargo relaunches its Next Generation Pharma product
IGI airport's expanded facilities to open in Sept.
Mandatory re-call and re-assessment by PAG in cases where Multiple Advance Licences being utilized in filing Single Bill of Entry (having specific licence wise bond)
Major infrastructure projects launched at Chennai & Kamarajar ports
Rear Adm. Yvette Davids nominated as next U.S. Naval Academy superintendent Secretary of the Navy Carlos Del Toro and Chief of Naval Operations Adm. Michael M. Gilday have nominated Rear Adm. Yvette Davids for appointment to the rank of vice admiral and assignment
GAO: Navy needs to up ship fire prevention efforts According to the Navy, more than $4 billion in estimated total damage resulted from 15 major fire incidents that occurred onboard ships undergoing maintenance from May 2008 through July 2020. Two ships
Berge Bulk and ABS explore bulker methanol fuel retrofit Singapore-headquartered Berge Bulk and ABS are to explore the possibility of retrofitting a 210,000 dwt HFO-fueled bulk carrier to methanol fueling. The candidate ship for the methanol fuel retrofit, the Berge Mauna
Port of Rotterdam partners with HGK Shipping for sustainability on inland waterways HGK Shipping and the Port of Rotterdam Authority signed a long-term cooperation agreement to promote sustainable concepts for inland waterway services. The document was signed on 20 April and focusses on the energy revolution and logistics for hydrogen, as well as reducing CO2 emissions by using drive concepts and digitalisation. According to the port of Rotterdam, the agreement ensures that stab
Double ramp at HHLA TK Estonia facilitates RoRo traffic A new double ramp for RoRo traffic has been installed at the HHLA TK Estonia terminal in the Port of Muuga. The ramp is used by Eckerö Line's vessel Finbo Cargo, sailing daily between Muuga and Vuosaari in Finland. HHLA said this extension can lead to increased trade between Estonia and Finland through the port of Muuga. "The introduction of a two-level ramp at HHLA TK Estonia terminal will signi
Valenciaport sees quarterly decline in container traffic despite March's increase Port of Valencia handled more than 1.1 million TEUs in the first quarter of the year, translating to a year-on-year decrease of nearly 10%, despite the box growth in March. During the previous month, the Spanish port reported that 393,838 container units were moved through its terminals, representing an 11.5% increase compared with the same month in 2022. In particular, full export containers gre
Carrier Transicold begins using robots at Singapore factory Carrier Transicold's Global Container Refrigeration factory in Singapore is embracing Industry 5.0, which refers to people working alongside robots and smart machines to deliver more customised, sustainable, and resilient operations. The collaborative robot (cobot), which works together with employees in small spaces to assist in attaching access doors on refrigeration units, frees up workers to
CN, UP and GMXT to launch joint Mexico-US-Canada intermodal service CN, Union Pacific Railroad (UP) and GMXT have announced the creation of their joint Falcon Premium intermodal service, which is expected to be a "best-in-class Mexico-US-Canada service" with a seamless rail connection in Chicago, Illinois. The new product will directly connect all CN origin points within Canada and Detroit, Michigan to GMXT terminals in Mexico: Monterrey, Nuevo Leon, and Silao, G
FESCO boosts revenue and earnings Russian transportation company FESCO Transport Group has reported that the volume of overseas exports climbed by 19% to 342,000 TEUs, its intermodal transportation volumes rose by 9% to 507,000 TEUs and refrigerated freight transportation volumes spiked by 50% to 17,000 TEUs. Container transshipment in the Commercial Port of Vladivostok (CPV) grew by 11,000 TEUs as a result of the growth of its o
Wan Hai to deploy two newbuildings on Far East to US rotation Wan Hai Lines held a ship naming ceremony for Wan Hai A02 and Wan Hai A03 at HD Hyundai Industries Ulsan Shipyard, accompanied by a charity donation. These two vessels are the second and third vessels in the series of 13,200 TEU container ships built by HD Hyundai Heavy Industries. They are also designed with a length overall of 335 meters, a breadth of 51 meters, a draft of 16 meters and a maxim
Largest container ship in Portuguese port history calls at Sines The Ultra Large Container Vessel (ULCV) MSC Tessa called at the port of Sines in Portugal on 14 April on its maiden voyage and became the largest boxship ever to dock in a Portuguese port. The global port operator PSA said the arrival of the 400-metre MSC Tessa with a loading capacity of 24,116 TEUs gave PSA Sines the opportunity to showcase the terminal's operational capabilities in cargo handli
Puerto Cortés handles its first LNG-powered vessel ICTSI's Honduran business unit that operates in Puerto Cortés, Operadora Portuaria Centroamericana (OPC), saw the inaugural call of Seaboard Blue, the first container vessel in the world to be converted from conventional diesel to liquified natural gas (LNG) propulsion. The boxship was refitted in 2017 to run on LNG. Seaboard Blue docked at Honduras under the North and Central America service of
Ports of Singapore, Los Angeles and Long Beach ink green and digital shipping agreement The Maritime and Port Authority of Singapore (MPA Singapore), Port of Los Angeles and Port of Long Beach, with the support of C40 Cities, signed a memorandum of understanding (MoU) in order to establish a green and digital shipping corridor between Singapore and the San Pedro Bay ports complex. The agreement of the major global container ports is expected to support the decarbonisation of the mar
World's first self-driving ferry launches in Sweden Norwegian shipping company Torghatten AS launches the world's first self-driving commercial passenger ferry, entirely powered by electricity. This passenger ferry will operate between the Stockholm islands of Kungsholmen and Södermalm in Sweden, commencing in June. The idea of autonomous urban ferries started at the Norwegian University of Science and Technology (NTNU) in Trondheim. Based on the
Hydrogen Terminal Tractor disembarks at Port of Valencia A hydrogen-powered terminal tractor was delivered to the Port of Valencia as one of the pilots to be evaluated as part of the European H2PORTS project. The terminal tractor arrived at the Grimaldi Group's VALTE terminal, where it will be put through its paces. The 4x4 RORO Tractor is the world's first hydrogen-powered unit, created by ATENA, an Italian research and technology centre comprised of
Cyan Renewables lines up first foundation installation newbuild in China Singapore-based offshore wind vessel pure-play Cyan Renewables has inked a letter of intent with China's Cosco Shipping Heavy Industry to build its first foundation installation vessel (FIV). The Ulstein-designed FIV will be equipped with a crane of at least 5000 tons, with the design specifically optimised for efficient installation of the heaviest monopiles and tallest ...
Northern Offshore Services orders CTV pair Northern Offshore Services (N-O-S) has placed orders for two next-generation crew transfer vessels (CTVs) to be delivered in 2024. The pair will form a new class of N-O-S-designed CTVs called the I-Class and are said to be a part of the company's aggressive newbuilding and conversion programme intended to meet the offshore wind industry's high ...
Maritime CEO Forum: Cyber security masterclass This year's Maritime CEO Forum kicked off in Singapore yesterday with a one-hour workshop sponsored by Inmarsat giving delegates a masterclass into all they need to have prepared to be cyber secure. An exclusive shipowner conference, which took place at the Fullerton Hotel during Singapore Maritime Week, listed several important things that every company should ...
What do clients look for when choosing a shipmanager? Of course price is important, but other factors are in play. The latest instalment from our brand-new shipmanagement magazine. In the previous edition of our Shipmanagement Market Report we were rightly criticised for not featuring the views of clients, the shipowners, enough. Any business needs to be in tune with what their customers are after, ...
Union Maritime seals another MR acquisition UK-based Union Maritime has sealed its third MR purchase this year. Brokers say Union Maritime is the buyer of a Navigare Capital tanker, tabling $33.5m for the 50,000 dwt, 10-year-old . In February, Union Maritime added the three years younger, same-sized, Marlin Amethyst at the same price range, sold by M Sea Capital. Back in ...
Shipping's most pressing concerns analysed Mikael Lind, Wolfgang Lehmacher, Jacob Reinhart, Richard Watson, Jillian Carson-Jackson,and Sukhjit Singh release details of a new maritime expert study. In volatile, uncertain, complex, and ambiguous times, knowing what peers view as the most critical challenges in the mid-term helps to define, refine, and de-risk decisions. This is of particular importance in industries where stakes ...
HMM to enter the ammonia trades South Korean flagship HMM is looking to enter the ammonia trades. The company has signed a memorandum of understanding(MoU) with compatriot. LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel. In 2021, HMM launched a consortium with five Korean partners to seek feasible solutions ...
Øystein Kalleklev to become CEO of Avance Gas The decision has been taken at Avance Gas to switch Øystein Kalleklev from his role as executive chairman to take on the function of CEO. Kalleklev, who has been the Avance chairman since last year, will also continue his role as CEO at Flex LNG at the same time. The Avance board will now set ...
Samsung Electronics files case against SM Line over 'staggering' D&D charges Shipper complaints continue to rain in at the Federal Maritime Commission in Washington DC. The latest to file, for the second time in seven months, is South Korea's Samsung Electronics, which is is seeking a cease and desist order and reparations for injuries from compatriot SM Line, having issued a similar case against Israeli carrier ...
Floating nuclear power plants move a step closer Floating nuclear power plants are moving a step closer. Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants with Danish Seaborg Technologies' molten salt reactor technology. The power plants will be installed on barges with a modular design able to deliver ...
Shipping's gender diversity issues now being looked at by the banks Shipping's poor gender equality ratios are now being looked at by ship financiers. New York-listed handysize gas operator Navigator Holdings has entered into a $200m secured term loan facility with banks including Nordea, ABN AMRO, and BNP Paribas in a contract that includes a sustainability-linked margin adjustment with two key performance indicators (KPIs). One KPI ...
Green, digital corridor announcement made linking Singapore with California Kicking off this week's busy Singapore Maritime Week have been more green corridor announcements. The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles (POLA), and Port of Long Beach (POLB), with the support of C40 Cities, signed a memorandum of understanding (MoU)
Offshore wind gets European push Momentum continues to build providing 'huge' opportunities for shipping companies as nine European countries double targets for offshore wind power...
Shipyard capacity expected to expand amid push for dual-fuel orders Demand for alternative fuel newbuildings will spur expansion of shipbuilding capacity, including bringing some of the collapsed yards back to...
Shipping targeted as regulators seek to tighten Russian sanctions Europe is considering targeting vessels switching off their AIS as part of a package of sanctions against Russia due next...
Black Sea containership trade flows shift in wake of Ukraine conflict Boxship dynamics in the Black Sea have evolved as markets adapt to the invasion
Zhonggu Logistics feels negative impact of declining freight rates The company is expected to benefit from growth in domestic demand, analyst said
Box freight rate rises do not mark a recovery Carriers could be loss making again as soon as the end of this year. A harder landing than initially expected...
Russia uses Sevastopol attacks to threaten extension of grain deal Russian officials have hinted that an extension to the Black Sea Grain Initiative may be refused unless progress is made...
Internet connectivity seen as 'transformational' for seafarers Head of crew management company believes nothing has changed seafarers' view more than the internet
Wärtsilä's order intake rises 26% as customers seek decarbonisation solutions Strong LNG, and offshore oil and gas shipping markets helped boost first-quarter revenue
Samsung accuses South Korean carrier of 'staggering' amount of detention and demurrage charges Electronics giant's US business accuses SM Line of 'excessive and unlawful' charges
US shipping bill targets 'unreasonably anti-competitive' agreements World Shipping Council said legislation is founded on the false premise that ocean carriers jointly set rates
Shipping urged to adopt just-in-time approach Just-in-time approach benefits the whole supply chain, and brings about substantial savings and emissions reductions, according to shipping executives
PSA to fund transformative port R&D projects in Singapore Port technology programme is an iniative to fund research into new technologies, to improve the productivity and sustainability of container...
CMA CGM's start-up initiative to set up Asia-Pacific hub Zebox launched in 2018 to boost technology innovations
Daily Briefing US-China decoupling alters container trade flows, says ONE chief | Russia's Medvedev says Ukrainian grain deal could be axed |...
UPS preps for flagging volumes with cuts in headcount, sort facilities Package volumes at the largest US package carrier by revenue fell farther than expected in the first quarter, especially in March, thanks to shifts in spending, UPS executives said.
Breakbulk23: AI will infiltrate day-to-day breakbulk shipping: experts Human intervention is necessary to ensure that AI is adapted into shipping in a measured way, as quality decisions are dependent on quality data, attendees at the Journal of Commerce's Breakbulk and Project Cargo Conference were told.
'Normalizing' ocean, air markets drag down K+N's Q1 earnings The forwarder's CFO said ocean freight demand in the second quarter was expected to be much the same as Q1, but there were signs that stockpiling by customers in major markets was nearing an end.
Breakbulk23: Disruptive 'trilemma' shaping global energy investment As funding opportunities expand, energy security concerns force investors to reevaluate their priorities, attendees at the Journal of Commerce's Breakbulk and Project Cargo Conference were told.
Container shipping heading for $10 billion loss in 2024: Drewry A period of record profitability for ocean carriers is coming to a stark end, and amid a worsening supply-demand balance, the industry will find it increasingly difficult to raise rate levels, according to the maritime consultancy.
Mexico intermodal market heats up with CPKC, UP deals CPKC signed a deal with Swift Intermodal for a new daily train between central Mexico and Chicago less than 24 hours after Union Pacific announced a partnership with Canadian National and Ferromex.
CPKC scores second Mexico intermodal win with Knight-Swift agreement CPKC has signed a deal with Swift Intermodal days after landing Schneider National, giving it two anchors to provide containers for a new daily train between central Mexico and Chicago launching in mid-May.
New US House bill would boost FMC's antitrust authority The legislation would give the Federal Maritime Commission the direct ability to block carrier and terminal agreements it views as anticompetitive, without the need for a court order.
Interlake Steamship bulker moored safely after grounding off Michigan US-flag vessel was refloated on Monday afternoon, according to US Coast Guard
Exploit panic sellers: Chappell on how to keep profiting from tanker stocks Money in the bank from January stock plays doesn't need to be the last from extended bull run
OceanPal appointments create majority-female executive team Semiramis Paliou-chaired company names Vasiliki Plousaki as chief financial officer and Margarita Venio as corporate secretary
Zodiac Maritime capesize breached but stable after hitting uncharted reef Indian Partnership is afloat at anchor after making it to shallower waters off Indonesia
Baltic Exchange crude carrier index sinks to 10-month low Spot earnings across three major dirty tanker segments are down from March peak
Navios Partners offloads 18th ship in just eight months amid fleet renewal push US-listed shipping behemoth believed to have sold yet another of its oldest bulkers
BW's Cadeler lands $550m-plus of contracts for wind farm ships Danish-headquartered shipowner adds work from compatriot energy group Orsted
Dry cargo shipbrokers leave SSY in Stamford to set up new shop Global shipbroker SSY said it is already recruiting successors
The IMO would be reckless to ignore the full life cycle of fuels Alternative fuels are only a climate solution if emissions on and off ships are regulated
Number of MR tankers in ballast grows as arbitrage window closes Broker BRS believes cargo flows into Europe will fall in the short term
Benchmark set as Safargo sells kamsarmax to Greeks Athens-based Seastar Chartering acquires its biggest vessel yet
Algeria's Sonatrach goes out to tender for management of only VLCC Oil and gas company seeking experienced European company to operate 2007-built Mesdar
Dry cargo brokers leave SSY in Stamford to set up new shop Global shipbroker SSY said it is already recruiting successors
New price benchmark set as Safargo sells kamsarmax to Greeks Athens-based Seastar Chartering acquires its biggest vessel yet
North Korea tells IMO: We won't warn shipping about missile tests Pariah state increased its level of missile testing last year, sparking concern about the threat to seafarers
Kazakhstan may be moving crude exports away from Russian terminals, BRS says Shipping data suggest more oil being moved across Caspian Sea, according to French broker
Former Iranian container ship heading for scrap sale in Bangladesh Vessel had been damaged in a grounding in the Singapore Strait
Tufton Oceanic insiders continue to build stake with more share deals Tufton Group principals now own a holding worth more than $6m in London shipowning fund
Today is D-Day for Ince Group - will the troubled law firm sink or swim? Embattled firm has until the end of Tuesday to apply for court permission to extend notice of its intention to appoint administrators
NYK Line tipped as winner of $1bn EnBW LNG carrier newbuilding tender Another four 2026-to-2027 delivering berths set to get snapped up at South Korean shipyard, further slimming the pool of spare slots
Vitol extends bunkering reach into Turkey via affiliate Petrol Ofisi Subsidiary is the country's largest marine fuels supplier
Big house, little house: the future of shipbroking As shipbroking gets more complicated, it will become increasingly concentrated into bigger firms. However, there is also a growing demand for niche outfits
Maersk Tankers moves into VLGCs as Petredec comes on board for new management service Danish tanker shipowner and pools player to take over handling of seven LPG carriers
Argus sees tanker 'sanctions premium' from shipping Russian oil fall back in April Assessment covers 'dark fleet' and mainstream tankers involved in shipping crude to new markets
Wave of LNG import capacity emerges as decarbonisation moves intensify While floating regas projects for South East Asia may be demand-led, will European buyers be in for the long haul?
LNG the bright spot as Wartsila roars back to profit despite headwinds Finnish marine technology giant says market sentiment positive despite economic headwinds
Seanergy's Tsantanis urges shipping to upgrade existing fleet before looking at alternative fuels Seanergy Maritime chief executive says little is known about how much of the existing fleet has been upgraded
Evergreen set to spend billions in tender for methanol dual-fuel container ships The Taiwanese company is joining the growing number of liner giants opting for methanol propulsion
Shipping AI chatbot looks to make light work of crew changes Start-up company aims to bolster its crew change platform with the use of artificial intelligence
Baltic crude carrier index sinks to 10-month low Spot earnings across the three major dirty tanker segments are well off from March peak
Tankers retrench: Baltic crude carrier index sinks to 10-month low Spot earnings across the three major dirty tanker segments are well off from March peak
BW LPG signs first deal to fully support female cadets in India Shipowner's Indian VLGC venture agrees to pay fees for scholarships at the Indian Maritime University
Evergreen Marine to award billions in tender for methanol dual-fuel container ships The Taiwanese company is joining the growing number of liner giants opting for methanol propulsion
Singapore maritime firms spent $1bn on decarbonisation efforts in 2022 Figure is said to be triple that of previous year as companies ramp up expenditure
Interlake's 71-year-old bulk carrier runs aground off Michigan Shipowner and US Coast Guard respond to incident in the channel for the port of Muskegon
Container shipping warning: Green shoots are 'transitory illusion' As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Gary/Chicago airport builds UPS parking with eye toward new tenants Gary Chicago airport is building a massive apron for freighter aircraft that UPS will only partially occupy. Build it and others will come is how officials think about it.
Amerijet fleet reaches 25 freighters Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.
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