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DECEMBER 27, 2023

HMM unveils Hi Quote digital booking platform Resumption of Red Sea voyages being mulled Nomination of Export Facilitation Officers for redressal of grievances of exporters under NEEV Initiative Red Sea crisis triggers surge in ocean freight shipping cost Freight rates seen going up as vessels avoid the Red Sea; Indian trade to be impacted India's agri-export basket primarily dependent on less items; vulnerable to fluctuations CONCOR's new container train movement seen as precursor to export transportation right up to Nepal Customs Yard at Biratnager ZECH MARITIME HOLDING sells Zeaborn Ship Management to Wilhelmsen Ship Management and MPC Capital Deutsche Bahn starts DB Schenker sale process Maritime Hub Abu Dhabi launched to further strengthen the maritime sector Govt to resolve cargo industry concerns: Minister Rates bounce back to +50% above pre-Covid level AI Express to begin services from Ayodhya on Dec. 30 Navi Mumbai Airport to begin ops by Dec. 2024

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DECEMBER 22, 2023

Carriers are 'price gouging', claim shippers as FAK rates skyrocket 2023 Super League Ace: DHL Supply Chain The Loadstar Christmas Quiz All Maersk Asia/Middle East - Europe sailings Cape-bound until mid-Feb When consolidation pressure meets a cautious outlook: M&A in 2024 The supply chain year of re-modelling, responding and re-routing A just-in-time renaissance ushers in a new mantra: 'just in case' Supply chain resilience - seldom as vital as now

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DECEMBER 22, 2023

Venezuela hands over "Fat Leonard" When Leonard Glenn Francis, the man at the center of the "Fat Leonard" bribery case that rocked the Navy, last surfaced in public, it was back in September 2022 when he was OSG sees liquified CO2 carriers in its future Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) is looking to get into the growing carbon storage and transport business, including operating liquified CO2 carriers, and it's taking its first steps right Austal USA wins $867.6 million order for three Expeditionary Medical Ships Austal USA, Mobile, Ala., has been awarded an $867,666,667 modification to a previously awarded U.S. Navy contract (N00024-19-C-2227) for the detail design, and construction of three Expeditionary Medical Ships, an Expeditionary Fast

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DECEMBER 22, 2023

Carriers still sending ships via Suez Vessel tracking shows over 80 container ships still transiting the Red Sea and Suez Canal even after the raised threat from the Houthi Movement, which has warned it will target vessels connected to Israel. Houthi leaders have reportedly said that they would target shipping until Israel allows aid into Gaza and stops bombing its population, with the latest news from the UN that a vote will take pl HMM announces US$1,500 GRI from India to East Coast of Latin America South Korean ocean carrier HMM has announced a new general rate increase (GRI) from India to the East Coast of Latin America on its Far East India Latin (FIL) service. HMM will increase its rates by US$1,500/TEU with an immediate effect "to ensure it can handle the increased cargo volume efficiently". The shipping company said that "due to the ongoing security concerns and attacks on vessels tran Shipping gears up to meet 5-10% low carbon fuel target, but will fuels be available? In this week's "Shipping Number of the Week" from BIMCO, chief shipping analyst, Niels Rasmussen, explores the percentage of the fleet currently prepared for using alternative fuels. "The International Maritime Organization's (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustainable biofuels. Many different sectors will compete for those fuels, so shipping is focus MacGregor receives cargo handling solution order from Philly Shipyard MacGregor, part of Cargotec, has received a significant order from SM Solutions/Philly Shipyard for cargo handling solutions for three 1,822 FEU-sized container carriers. The order is booked into Cargotec's fourth quarter 2023 order intake, with deliveries planned to commence during the fourth quarter of 2024 and be completed within 2026. MacGregor's scope of supply encompasses design, hardware a Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to North America German box carrier Hapag-Lloyd will apply a new General Rate Increase (GRI) or General Rate Adjustment (GRA) for cargo shipments from India to the United States and Canada West Coast on 18 January 2024. Hapag-Lloyd will implement an additional charge of US$200 per container for 20' and 40' dry, reefer, and special containers, including high cube equipment. Additionally, the Hamburg-based shipping

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DECEMBER 22, 2023

Seacon books four more multipurpose newbuilds Chinese shipowner and operator Seacon Shipping has ordered four more 62,000 dwt multipurpose dry cargo vessels at Huanghai Shipbuilding in a deal with China Merchants leasing arm. The Hong Kong-listed company has agreed with subsidiaries of China Merchants Financial Leasing to bearboat charter the newbuilds for up to 15 years. The ships will deliver between ... Oman's Asyad fixes LNG carriers Asyad Shipping, a subsidiary of Oman's Asyad Group has struck a deal with Oman LNG for a long-term charter of two liquefied natural gas carriers. The charter is for the 174,000 cu m newbuilds Asyad currently has under construction at South Korea's Hyundai Samho Heavy Industries for delivery by June 2026. The agreement affirms Asyad's ...

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DECEMBER 22, 2023

Attacks on shipping: Who's on the hook for liabilities? Marine insurance can handle most eventualities, with IOPC there as ultimate backstop Red Sea disruption complicates bunker supply on eve of EU ETS tax era Longer voyages will increase CO2 emissions that will fall foul of the EU ETS tax in 2024, while also adding... More Asia-bound boxships U-turn in Red Sea as shippers count the cost of Cape of Good Hope diversions As container line operators abandon the Suez-Red Sea route for their Europe-Asia and US east coast-Asia routes, westbound freight rates... Lloyd's List Editor's Picks: 2023 2023 continued the pattern of recent years with shocks to the global economy that resulted in heightened risk to maritime... Port of Antwerp-Bruges business unit to develop Malaysia's Perak port of Lumut into maritime hub Having been involved in similar projects in Oman and Namibia, this project is the first the subsidiary business unit of... Vitol consolidates shipping activities into Singaporean company led by Kit Kernon It will replace Vitol's current Singapore-based shipping company Mansel New action plan aims to reverse Hong Kong's maritime fortunes Plans include providing green methanol bunkering infrastructure and further tax relief for commodities trading and shipping leasing. However, the long-standing... Daily Briefing Red Sea security in limbo as shipping awaits detail of naval operations | Dozen more Cosco megaships skip Suez as...

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DECEMBER 22, 2023

Maersk, CMA CGM to divert almost 200 ships away from Suez Most of Maersk's reroutings are on Asia-Europe services, with some 84 vessels across eight different service strings being affected. Mexico-US rail shipments resume after CBP reopens Eagle Pass, El Paso crossings The move comes after several days of pressure from shipper groups who expressed concerns over the economic impact of the closures so close to Christmas. Geopolitical conflicts could signal end to global reach of ocean carriers: analyst With increasing instability around the world, we might be approaching the point where a carrier's reach is no longer truly global as liners are forced to make commercial and political decisions that will shape the scope of their operations, writes analyst Lars Jensen. Surging e-commerce demand lifts Hong Kong air cargo into peak season Online shopping in North America and Europe has generated huge air freight volume out of China, with demand expected to continue past the Lunar New Year in February. Uncertainty over Inflation Reduction Act slows US onshore, offshore wind projects Existing wind-related manufacturing capacity in the US struggles to meet the local content requirements of the measure, frustrating would-be developers and pushing away some early investors.

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DECEMBER 22, 2023

Euronav spends half Fredriksen cash on $1.15bn buy of Saverys' CMB.TECH green startup Chief executive says move is a 'diversification and decarbonisation' play for tanker owner, which will take on the cleantech firm's name Viewpoint: Support the positive hope for the future shown by the children helped by Mercy Ships Shipping executives Charlie Grey, Andrea Olivi, Bob Knight and Richard Prince reflect on their deeply moving recent visit to Mercy Ships' new hospital vessel off Sierra Leone Wavelength: Thanks for the camaraderie but now it's time to say farewell One of TradeWinds founding reporters - who went on to work for several of the UK's biggest papers - reflects on his years in shipping journalism Podcast: Turning IMO's net-zero strategy into action in 2024 Audio edition of Green Seas takes a look ahead at the UN shipping regulator's work in 2024 Editor's selection: How the Red Sea crisis is reshaping shipping Some of the stories that set the news agenda this week Employers agree new Red Sea wage bonus amid Houthi attacks Shipping's largest collective bargaining agreement has widened its high-risk area Red Sea crisis: Shockwaves reach wider container shipping trades Christmas has come early for carriers with talk of shipments costing $10,000 per container Idan Ofer sold off Ardmore Shipping shares months before Red Sea attack Israeli billionaire divested from product tanker owner well before Houthi strike Tankers divert from Red Sea bolstering oil price Analysts say 60% of oil volumes moving through the Red Sea originate in Russia Last tanker leaves Hawaii's Red Hill depot after final fuel is drained Storage facility to be closed after 2021 leak that polluted water system Hatchet buried in battle over chemical tanker damage at Vopak terminal 'Valuable consideration' paid to settle dispute over pressure incident at Texas port Pertamina International lining up $720m order for 15 product tankers at Hyundai Mipo Year-end bonanza for South Korean shipbuilder as Indonesian tanker giant gets busy on the ordering front ESL refinances ship loans as part of fleet transition Two refinanced loans for two gas-powered general cargo vessels Shipping lawyer Sophia Agathis promoted to partner at Seward & Kissel Maritime expert one of seven new partners created at New York law firm Logothetis and Nistad lead new funding round at fuel efficiency operation SulNOx Greek and Norwegian backers pump money into expanding London-listed company Navibulgar offers 'full support' in Irish drug ship probe Bulgarian shipping company fights on two fronts, as vessels held by Irish authorities and likely Somali pirates DNB sees big upside in BW Group wind turbine installation vessel owner Cadeler Norwegian bank's buy rating follows $1.2bn Eneti takeover Suez disruption already worse than Ever Given as aframax rates jump, Clarksons says But researcher Stephen Gordon says duration of diversions is highly uncertain Exclusive: Clarksons Project Finance fleet revealed as it emerges as owner behind landmark new PSV order Fletcher Offshore also involved in first Norwegian offshore vessel deal in a decade Interest 'high' as Evangelos Marinakis prepares to sell container ship fleet Focus will turn to offloading vessels as $3.1bn deal to acquire 11 LNG carriers is completed Storm Pia: Rogue wave disables Hurtigruten ship in North Sea Vessel lost power but is safe with no injuries reported Cape Shipping plots tanker market return with newbuildings Traditional Greek owner has not managed tankers in decades Rate spikes hammer Western Bulk after it took negative market stance Norwegian operator ended up paying higher charter rates after being caught short on ships Performance Shipping locks in $26m with term aframax charter Oil company Marathon takes 2013-built tanker for two years Operation Prosperity Guardian to be Red Sea's 'highway patrol', says US general Pentagon says Houthis have 'bitten off more than they can chew' taking on the entire international community Can South African ports supply enough bunkers to an armada of Red Sea diverts? Yes, say country's bunker traders - they have the fuel, but it is not going to come cheap

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DECEMBER 22, 2023

US-led forces in Red Sea will be defensive 'highway patrol' The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea? Japan Airlines dedicates first 767 freighters to DHL Express Japan Airlines is restarting its freighter division after 13 years and will fly three 767s exclusively for DHL. Cargo owners consider airfreight alternative to Red Sea shipping delays Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.