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MAY 7, 2024

Total Transport System Limited executes successful project as Shipping Agent VCT handles largest container vessel to ever grace an Indian port on the East Coast Mumbai Port SOR Revised fuel surcharge at Gangavaram India mulls a dedicated infra ministry Interest Equalisation Scheme provides competitiveness to Indian exports, says FIEO New Makarpura - New Sanand section of WDFC commissioned COSCO SHIPPING launches self-operated warehouse in the US Allcargo Group organises initiatives to build awareness on women's healthcare & rights APSEZ eyes projects in the Philippines Iran, Cuba to establish sister ports to boost trade Unifeeder's new China Gulf Express service brings China closer to the Middle East Russian marine container market increases in Q1 Major container lines/agents at Rotterdam port to connect their North America customers to Secure Chain IPA Governing Body meets in Gandhidham EBS drastically reduces processes at 5 Major Ports India envisions green coastal, inland shipping in 5 years: Shipping Secy CMA CGM revamps India Middle East Gulf to & from South Africa, East Africa and Indian Ocean services JSW Infrastructure's full-year PAT up 55% YoY Fifty new ships with 333,000 TEU delivered in April

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MAY 7, 2024

Sports car manufacturer relies on green drives A train to link Swedish ports DHL Supply Chain restructures management team Arvato adds to UK portfolio Six new tracks for Rhine Valley railway Partners in Vilnius for another three years Door-to-door shipment tracking Nose door aircrafts will prevail More capacity for parcel deliveries in Cardiff Wherever the wind takes you Three 10 t tanks delivered by road Bilbao confirmed as next host for Coastlink "Curiosity of the Day" ASL inks deal for autonomous flight system Port Nola names CCO Working on logistics for life sciences CMA CGM revamps India Middle East Gulf routes

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MAY 6, 2024

News in Brief Podcast | May 2024 | Rates, ecommerce, and what's on this week

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MAY 6, 2024

Senegal operator commissions new fast supply vessel Oil Senegal Support Services (O3S), a homegrown Senegalese operator set up to support servicing the country's emerging offshore energy sector, has commissioned Incat Crowther and Penguin International to design and construct a Maritime Partners signs USCG Design Basis Agreement for Hydrogen One Maritime Partners LLC should face fewer regulatory problems than some other innovators in getting its innovative Hydrogen One towboat into actual service. It has received a Design Basis Agreement ("DBA") from the Fortescue Green Pioneer completes breakthrough ammonia dual fueled trials Australian mining giant Fortescue is continuing its multi-faceted foray into green energy. With support from the Maritime and Port Authority of Singapore (MPA), government agencies, research institutes, and industry partners, it has VIDEO: ESG launches new ferry Long Island Eastern Shipbuilding Group, Inc. (ESG) successfully launched the ferry Long Island (ESG Hull 228) at its Allanton Shipyard in Panama City, Fla. this past Friday. The new passenger and auto ferry is VIDEO: Incat Crowther delivers state-of-the-art low-emission vessels SPONSORED CONTENT: Incat Crowther has partnered with governments, cities and operators around the world to deliver state-of-the-art low-emission vessels. From hybrid propulsion to utilizing future fuels and 100% electric solutions, Incat Crowther partners with

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MAY 6, 2024

Why fleet growth is not a guaranteed recipe for success Pierre Aury dissects the merger between Star Bulk and Eagle Bulk. December 11 last year saw Star Bulk Carriers Corp and Eagle Bulk Shipping announce that: "the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value ("NAV") basis with a pro forma ... Extra dock slated at China's New Times with owners queueing up for prized slots Jiangsu-based New Times Shipbuilding, one of China's largest privately owned shipyards, is awaiting government approval for a new drydock with broker Gibson reporting Q1 2027 deliveries will open up once the yard gets the green light. The yard has already built up a credible waiting list of owners for suezmax tankers, with Gibson suggesting owners ... Turkey's Ince Shipping seals ultramax acquisition Ince Shipping, a Turkish owner specialising in supramaxes, is tied to its first purchase of the year. The owner has been widely reported to be looking for modern ships. Last month, the active owner was tied to purchasing a 2017-built Japanese-built ultramax, a ship they reportedly fixed and failed. Now the owner is tied to the ... Dubai tug operator stands accused of being the worst serial crew abandonment offender ever The International Transport Workers' Federation (ITF) has hit out at what it claims is the worst case of serial seafarer abandonment ever seen. Dubai's Middle East Marine, an operator of tugs, stands accused of systematic abuse and neglect of over 100 seafarers. Since November 2022, the ITF has reported over 17 cases of crew abandonments ... Dry bulk digital efficiency drivers in the spotlight The first session at the first ever Geneva Dry conference tackled digital efficiency drivers across the dry bulk supply chain, smoothly moderated by Richard Watts from HR Maritime. The panel was tasked with outlining how digitalisation can enhance dry bulk shipping operations to the benefit of both shipowners and charterers. "It's the wonders of our ...

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MAY 6, 2024

BW Group to spin off oil and gas exploration unit in corporate revamp Andreas Sohmen-Pao will take over the stake held by his shipping conglomerate in Oslo-listed BW Energy MSC fires back at FMC's 'astonishing' and 'unprecedented' $63m penalty demand Mediterranean Shipping Company argues that the FMC enforcement bureau has gone too far - way too far - in seeking... Sanctioned heavy lift operator Red Box Energy 'in communication' with Ofac over designation Red Box Energy, the Singapore-based module transportation services provider sanctioned last week by the US, says the decision was based... 'Power-hungry' AI data centres and the future of LNG shipping demand LNG shipping rates and LNG commodity prices are currently low, but the future demand outlook for electricity - and natural... Guyana raises rogue registry warning as sanctioned tankers falsely fly its flag Over a dozen tankers linked with Iran, including several that were recently sanctioned, are fraudulently flying the Guyanese flag. The... DP World acquires Laotian port operator Savan Logistics to boost SE Asia connectivity DP World has been expanding its presence in the Asia Pacific region through multiple port collaborations Singapore and Malaysia in US Treasury's sights over sanction enforcement Discussions will focus on enforcing the price cap on Russian oil, halting the transshipment of critical dual-use goods, and furthering...

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MAY 6, 2024

Destocking, Asian demand power rebound in North American resin exports With US manufacturers shrinking their plastics inventories, overseas buyers are taking up an even more important role for North American resins producers. Import surge boosting rail container dwells at some LA-LB marine terminals Yusen Terminals in Los Angeles is already holding twice its normal inventory of rail containers and is draying some of the boxes to a near-dock storage yard to prevent the backlog from interfering with cargo handling operations. Resilient US economy, AI recharging US electronics imports US electronics imports are rebounding after a two-year decline as consumers replace devices purchased during the COVID-19 pandemic with newer products.

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MAY 6, 2024

Adani Group pockets capital gain in sale of capesize bulker to UK financial player Hayfin Capital forges second sale-and-purchase deal of the year Shipping is girding for a longer Houthi threat - with a wider reach Maersk ships diverting further from Yemen after 'extension' of risk area Stock watchers brace for modest summer bounce in LNG shipping spot rates Lack of tonne-mile slump, vessel supply and gradual export capacity growth on list of concerns Venezuela shipments plunge as shipowners pull tankers away ahead of sanctions return Shipping data suggests six big crude ships have left the country empty in recent weeks DNB downgrades bulker stocks as Chinese import downturn presents downside risk Golden Ocean and 2020 Bulkers drop in Oslo after both downgraded to 'sell' VLCC rates show momentum as Atlantic production could offset Opec+ inaction Rates for largest tankers rise even as bloc seems content to roll with current production levels J Lauritzen becomes a shareholder in newly independent Svitzer Group Danish investment firm adds towage giant to long list of shipping companies on its books VLCCs to benefit from new 'African powerhouse', says Poten Namibia's oil discoveries bode well for export volumes on crude vessels, US shop believes Castor Maritime panamax linked to Turkish buyers for handy profit Cypriot owner culling older fleet even further, brokers report Car carrier time charter rates tick down after almost four-year wait Liquidity issues cause dip in one-year time charters for the first time since May 2020 Andreas Sohmen-Pao buys BW Energy as group splits oil and shipping interests Singapore shipowner describes move as a 'technical step' following on from mandatory offer earlier this year Oldendorff lifts kamsarmax bulker newbuilding spree to a dozen ships Lubeck-based company has ordered two more bulkers at Jiangsu New Hantong Ship Heavy Industry Stanislav Raspopov's GES almost doubles its money by selling veteran MR tanker Athens and Dubai-based shipowner finds buyer for 2007-built ship at around $23m Tankers transferring Russian oil scatter as Greek navy steams in Naval action will run up to 9 May, according to the country's Hydrographic Service Greek banks boost shipping lending by 12% as other lenders pull back Petrofin research shows Eurobank as the leader in growth for 2023 Bulker stocks face downside risk as Chinese import downturn weighs on markets Golden Ocean and 2020 Bulkers drop in Oslo after both downgraded to 'sell' Greece's Professor Shipping sells only ship for recycling Professor B is one of three ships reported sold as owners of older vessels prefer to trade rather than scrap Avance Gas shares downgraded by DNB as rally leaves stock 'fully valued' Price has caught up with net asset value, says analyst Crew evacuated as Chinese mini-bulker burns off Indonesian beach 10 seafarers rescued after blaze on the Da Hao Russia's Lukoil ships Norwegian crude to Bulgarian refinery after sanctions pressure Two aframaxes reported to have headed to Burgas plant last month Tankers needed as Hyundai Oilbank wins exports deals to US and Guam South Korean refiner diversifying shipment range for oil products Russia and Iran sanctions top of the agenda as US officials fly in to meet Singapore shipowners Unconfirmed reports said there has been an uptick in money moving to Iran from the region Strength in S&P values extending to older tonnage, says Clarksons While modern units are seeing some very firm pricing, values for 15-year-old ships are not too shabby either

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MAY 6, 2024

Amazon hires ATSG to fly 10 Boeing 767 freighters Amazon has deepened its relationship with Air Transport Services Group, agreeing to lease at least 10 widebody freighters for five years in exchange for rights to increase its ownership stake. Icelandic cargo airline Bluebird Nordic shuts down Bluebird Nordic had ambitious growth plans a year ago. Now the cargo airline is out of business.