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JUNE 7, 2024

Kerry Indev Logistics celebrating 40 years of growth and success Disruption in ocean freight container shipping having varied impact: Report Palm oil imports touch 4-month high in May JNPA celebrates World Environment Day 2024 with mega tree plantation drive CBIC initiates electronic disbursal of duty drawback amount directly to exporter's bank accounts through PFMS from June 5 Export of food commodities through National Cooperative Exports Limited (NCEL) Netherlands becomes third largest export destination in FY24 Modal shift from ocean to airfreight predicted Govt plans for global manufacturing hub India's GDP seen growing at 6.9 pc in CY24: Goldman Sachs Charter owners' container fleet at a low India mulling setting up major shipping company

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JUNE 7, 2024

New trucks in the port of Hamburg Between two remembrances ATSG reshuffles senior management Trident and Neptune to help protect supply chain An intelligent approach to warehousing Final ballast water deadline nears Celebrating 17 years of partnership A fresh pair of hands for the after sales unit Greener inland haulage options in France Bundling pharma logistics in Bavaria Charter fleet's share at lowest level since 2002 WFS lands new contract in North America "Curiosity of the Day" AI technology to improve safety Circling back to automation Savage: handing over the baton A regular chem-train to link Russia with China

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JUNE 6, 2024

'Two-tier market' as ocean rates for shippers and forwarders diverge Cash call now? Forward Air - kinda from heaven to hell and back Floods bring chaos to Europe's railfreight services and river traffic Dispute over warehousing contract yet another legal wrangle for Flexport PCA eyes ways to increase Panama Canal transits and reliability TS Lines eyes 'risky' return to long-haul trade with new ships Ammonia finding favour as fuel after vessels carry it safely as cargo Industry starting to reap benefits of AI - but risks grow alongside Cindy Cao becomes DB Schenker's greater China cluster CEO

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JUNE 6, 2024

Charleston Harbor Pilots avert potential box ship strike on bridge The skill of Charleston Harbor Pilots may well have saved the Arthur Ravenel Jr. Bridge over the Cooper River from potentially suffering the same sort of fate as Baltimore's Key Bridge. The DNV: Onboard carbon capture is technically feasible, but ... While onboard carbon capture (OCC) is gaining increasing interest as way for ships to continue operating on conventional fuels while reducing emissions, there seem to be all sorts of questions around things VIDEO: Last large Key Bridge section moved from Federal Channel Ten weeks after the containership Dali struck Baltimore's Francis Scott Key Bridge initiating its collapse, salvage crews successfully removed the final large steel truss segment of the bridge blocking the 700-foot-wide Fort ABB launches Optimal Speed Routing service ABB Marine & Ports has introduced a new feature to its routing services portfolio, Called Optimal Speed Routing, it will allow vessel owners to manage fuel costs on a through-voyage basis by

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JUNE 6, 2024

Global Ports and Leningrad region partner to expand Ust-Luga Port capacity Global Ports, Russia's leading operator of marine container terminals and a part of the Delo Group has signed a cooperation agreement with the Government of the Leningrad Region at the St. Petersburg International Economic Forum 2024. The agreement aims to enhance the transport infrastructure in the port of Ust-Luga. The document was signed by Alexander Drozdenko, governor of the Leningrad Region WinGD, Alfa Laval, ABS, and KSB to develop ammonia-fuelled MR Tanker Swiss marine power company WinGD, Swedish marine technology leader Alfa Laval, and the American Bureau of Shipping (ABS) will collaborate with Korean shipbuilder K Shipbuilding (KSB) to develop an ammonia-fuelled medium-range (MR) tanker design. This collaboration is formalized under a memorandum of understanding signed in April. The tanker design will incorporate WinGD's 6X52DF-A engine. "After Gulftainer welcomes first Ro-Ro vessel at Jubail Container Terminal Gulftainer's KSA subsidiary, Gulf Stevedoring Contracting Company (GSCCO), announced the arrival of the first Roll-on/Roll-off (Ro-Ro) cargo vessel, Grande Dakar, at Jubail Container Terminal. This operation, which saw the seamless discharge of 287 buses with remarkably swift turnover time, showcases GSCCO's long-standing expertise and commitment to driving efficiency in cargo handling operations Kalmar to supply eight eco reachstackers to Maritime Transport Kalmar, a part of Cargotec, has inked a deal with UK-based integrated road and rail freight logistics provider Maritime Transport for the supply of eight Kalmar Eco reachstackers. The agreement encompasses a seven-year Kalmar Complete Care package and Kalmar Insight coverage for all units. This order was recorded in Cargotec's Q1 2024 order intake, with delivery scheduled in two instalments: four Boluda Towage expands presence in France with acquisition of Les Abeilles With a heritage spanning over 150 years, Les Abeilles was established in 1864 and stands as a leading company in the French maritime sector, entrusted by the Marine Nationale for swift response rescue and anti-pollution interventions. Over the past two decades, the company has successfully conducted more than 200 maritime rescue operations. Bringing its extensive experience to Boluda Towage, Les Port of Tanjung Pelepas surpasses 1 million TEUs in a single month Port of Tanjung Pelepas (PTP), a joint venture between Malaysia's MMC Group and Netherlands-based APM Terminals, has reached a significant milestone by handling 1,077,747 TEUs in a single month. This achievement, accomplished without any congestion, solidifies PTP's position as Malaysia's busiest and largest transshipment hub. In 2022, PTP made history as the first container terminal in Malaysia OrbitMI appoints new Chief Financial Officer OrbitMI, a leading provider of maritime intelligence and analytics solutions, announced the appointment of Youn Lee as its new Chief Financial Officer (CFO), effective 1 February 2024. Lee, who officially joined OrbitMI on 1 October 2023, brings extensive experience in finance and operations, with a distinguished career that includes leadership roles in digital transformation across various indus DP World unveils major investments to enhance Latin American ports DP World, a global leader in supply chain solutions, is significantly investing in its port terminals in Peru and Ecuador to boost capacity and operational efficiency. This move aligns with its strategic vision for Latin America, offering more trade opportunities for its customers. These expansions come at a time when the global supply chain landscape is becoming more complex, prompting leaders t

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JUNE 6, 2024

Swire Pacific sells $75m stake in Cadeler Swire Pacific is selling down in Denmark-based offshore vessel owner Cadeler. The Oslo-and New York-listed Cadeler said Swire had struck a deal to sell around 12.35m shares to institutional investors at NOK64 share ($6.06). The deal worth about $75m will see Swire offload 3.5% of its stake, leaving it with just under 5% ownership interest ... Trafigura hires Performance Shipping aframax tanker Greece's Performance Shipping has entered into a time charter contract with commodities giant Trafigura for one of its aframax tankers. The deal will see the 2010-built, 103,304 dwt LR2 tanker P Aliki work for a minimum of four and a half months. The maximum period is six months and 25 days. The deal will begin ... New Dayang seals two more ultramax orders from Wah Kwong Hong Kong-based diversified shipowner Wah Kwong has ordered two more ultramax bulk carrier newbuilds from New Dayang Shipbuilding. Wah Kwong hired the shipbuilding arm of state-run machinery manufacturer Sumec Group for the first pair of two Crown 63 Plus design vessels in April this year. No price was disclosed for either the first or second ... Sharma offloads third cape in quick succession Anil Sharma, best known as a cash buyer for ships for recycling, has sealed his third deal in a row, selling a 2003-built cape named Lila Singapore to Chinese buyers. The ageing bulk carrier has been transferring class to a non-IACS society, and the ship is currently en route to the port of Shakhtersk, Russia, sailing ... Lomar Shipping exits container shipping Libra Group subsidiary Lomar Shipping has sold its last containership. Lomar has sold more than 90 boxships this decade. The company is looking to focus on innovation and sustainability, while still having some shipowner exposure via its fleet of dry bulk ships and tankers, which number around 30 vessels today. "Lomar's exit from the container ... Is the case for pools getting stronger? Splash hears the arguments to enter pools in the latest excerpt from our new shipmanagement magazine. With the volatile market shipping has seen in the last couple of years, commercial managers believe pools will continue to be the concept to ensure strong and stable earnings are secured throughout the market's cycles. Pools provide a homogenous ... TotalEnergies books FPSO hull for Suriname project with SBM Offshore French energy major TotalEnergies has reserved an FPSO hull with Dutch floater expert SBM Offshore for the development of a project offshore Suriname. The Fast4Ward hull reservation is in line with the FPSO FEED studies work done for the development project located in Suriname's Block 58. SBM Offshore will be doing the project in partnership ... Aker Solutions hired for EPC work on two Angolan FPSOs Norway's Aker Solutions has won a long-term frame agreement for the provision of EPC services for brownfield projects and modifications for two FPSOs in Angola from Azule Energy. This is a continuation of the current frame agreement Aker Solutions has with Azule Energy, Angola's largest independent producer of oil and gas and a joint venture ... Gulf Energy Maritime lifts product tanker orderbook in South Korea Dubai-based commercial product and chemical tanker operator Gulf Energy Maritime has returned to HD Hyundai Mipo Dockyard in South Korea for more MR vessels. The 50,000 dwt units will be delivered in 2026 at an undisclosed price and be named Gem Daniela and Gem Delilah. Gulf Energy was formed in 2004 as a joint venture ... North Star seals $545m capital infusion deal UK OSV owner and operator North Star has secured £425m ($544m) in financing to speed up its ambition to add 40 offshore wind vessels to its fleet by 2040. The committed financial package of £225m includes term facilities from existing lender, IFM Investors, and committed capex and working capital resources from banks including ABN AMRO, ... SHI gets OK for ultra-large ammonia carrier design Korean Register (KR) has granted approval in principle for the 150,000 cu m ultra-large ammonia carrier developed by Samsung Heavy Industries during Posidonia 2024. The 150,000 cu m ultra-large ammonia carrier was developed as part of a joint development project between KR and SHI. It is designed to transport large quantities of ammonia while using ... Lessons from Posidonia BLUE Communications' Emily Dove explains that for any newcomer Posidonia can be daunting and confusing, but there are tricks that make it easier. You've all heard the name, and most likely the wild stories to emerge from one of shipping's biggest and boldest events held bi-annually in Athens, Greece. Welcoming those across multiple segments - ...

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JUNE 6, 2024

Lomar wraps up epic asset play with last boxship sale deals 'Biggest bet' pays out, but company had to endure tough times for more than a decade in order to prevail... Hydrogen investments constrained by lack of reliable off-takers China to account for 40% of global investments in electrolysers in 2024, followed by Europe and the US Tanzania named as one of highest risk flags by three port state control bodies Tanzania was the only flag state featured in the highest-risk category for Paris MOU, Tokyo MOU and US Coast Guard ABS heralds new ship safety centre in Greece ABS chief Chris Wiernicki says safety a 'non-negotiable boundary condition' of efforts to decarbonise shipping Cowboy colleges in the Philippines exploiting would-be seafarers Private maritime colleges in the Philippines promising students a pathway to a career at sea often lead to a dead... Steamship sticks to 'very traditional approach' Sanctions mean wide berth for new business with Russian exposure, says Andrews 'Carbon sponge' attracts sharks in Athens A Los Angeles tech start-up aiming to solve onboard carbon capture's storage problem won nods of approval from a panel... Squeeze on boxship tonnage providers continues as fleet share diminishes With a falling fleet share and low orderbook, BIMCO's chief analyst said the future of the non-operating owner looks bleak Methanol dominates dual-fuel newbuilding orders as alternative fuel share rises A total of 127 alternative fuelled vessels were ordered in the first five months of 2024, representing growth of 55%... Cosco Shipping Ports partners with Etihad Rail to connect with UAE commercial hubs Since 2018, CSP has operated the Abu Dhabi terminal at Khalifa port, which connects the Khalifa Economic Zones with international... Subsidies a must for EU emissions regulations to hit home Star Bulk's Charis Plakantonaki adamant that unless the bloc introduces subsidies to incentivise shipowners to decarbonise the cost of compliance... US experiences bridge scare after containership stuck on full throttle US Coast Guard was alerted to the incident shortly after midday on June 5 and immediately moved to close the... Bunker hubs to keep biofuel market dominance in 2025 as demand lags in smaller ports Cheaper prices and ample supply to increase biofuel demand at major bunker hubs along with new GHG intensity rules Mexico treated vessel as imported goods, Luxembourg alleges Decision by Central American country authorities violates 11 articles of UNCLOS, contends flag state Shippers cry foul again as container rates approach pandemic peaks As freight rates approach pandemic highs, should shippers complain or thank the carriers? Scrubber premiums dwindle as fuel spread reapproaches Covid-era lows It has been quite the rollercoaster for scrubber users. Fuel savings jumped when IMO 2020 was first implemented, collapsed during... Daily Briefing Record newbuilding orders expected to emerge from 'red hot' Posidonia | FuelEU could prove pivotal decarbonisation disruptor, says ABS chief...

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JUNE 6, 2024

Sale of remaining Yellow terminals stalls amid court battles Yellow still has 130 terminals that could be sold, but they're not quite ready for the auction block, bankruptcy court testimony revealed this week. Navigating cargo preference is key to US energy buildout Managing federal funding requires transparency, early coordination between logistics and finance, and early planning with MARAD in mind. Google researchers take aim at liner network design challenge The thorny issue of running more efficient ocean carrier networks on a global scale has been a long-term quandary for liners and the software vendors catering to them. Importers try to push cargo to contract rates as trans-Pac spot market surges Amid soaring spot rates, importers are booking as much cargo as possible under the allotments in their freshly signed annual service contracts, many of which just went into effect on May 1. Barbara Yeninas, maritime communications pioneer, leaves 50-year legacy Barbara Yeninas, who died May 31, is remembered as a passionate supporter of the container shipping industry, having cut her teeth reporting on the Port of Newark and then launching a well-known communications firm. Knock-on effects of unexpected container shortage take aim at North America: analyst The current chaos playing out in the container market globally doesn't have to last that long to have some big impacts on North American intermodal, writes Larry Gross. Bottlenecks flare in Barcelona as port battles rise in transshipment volumes As a destination port, Barcelona is being used for transshipment beyond its capacity, something that has increased dwell times and slowed the turnaround of vessels. Transfix selling digital brokerage business to NFI Industries One of the first "digital-native" brokerages, Transfix is shifting its focus to selling software as a service to other brokers, including NFI. No industry consensus on duration of Asia-Europe ocean disruption The return of regular voyages to the Red Sea and Suez Canal will signal an end to the current disruption on the Asia-Europe trade lane, but there remains zero visibility on when that will happen. Financial burden of decarbonization more likely to fall on ocean carriers To the extent carriers can't pass those costs along, the industry faces the prospect of sharply higher costs for zero-carbon fuels, and potentially further consolidation and reduction in choice for shippers. SEKO reinstated to US duty-free program, but still pursuing action against CBP The forwarder says it has been "conditionally" restored to CBP's so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions. China's ports still lead performance rankings, while India's move higher: CPPI The fourth edition of the Container Port Performance Index shows some changes in the annual list's middle tier as ports improve and new entrants make their mark.

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JUNE 6, 2024

Stefanou brothers snap up Laskaridis panamax bulker trio in all-Greek deal Greek siblings continue bulker push with fresh buying burst that brings their fleet to 30 ships Tiny landlocked San Marino touts shipping flag at industry's biggest show of the year Fledgling registry joins rivals in seeking clients at world's top shipping fair as they vow to play by the rules Bahri to back fledgling Saudi shipyard with score of VLCC orders International Maritime Industries sits on $10bn worth of guaranteed off-take agreements for ships and rigs Hapag-Lloyd's Habben Jansen not as bullish as Maersk on container rate spike German line's CEO cannot see current mini-boom lasting until the end of the year Trafigura eyes cleaning up of crude tanker tonnage for products trading Talk of the trader picking off VLCCs and suezmax vessels rattles partied-out Posidonia Swire Pacific selling chunk of BW-backed Cadeler for $75m UK-owned shipping group offloading stock to institutional investors ABS to establish seafarer training centre in Greece US-based classification society promises 'immersive training techniques' for Greek crew Supersize ammonia carriers advance with Samsung Heavy and KR's design Myriad ammonia vessel announcements pepper Posidonia India plans new shipping company to swell its fleet by more than 1,000 ships Ambitious plan for the next decade is spurred by desire to bank more of the rewards of surging trade Myriad ammonia vessel deals pepper Posidonia ULACs break cover as Samsung Heavy Industries and KR advance design 'Biggest bet in shipping history' pays off as Lomar completes $2bn container exit Libra Group company says the last box vessels were sold this month Second VLCC stuck off Dangote refinery with crude cargo amid alleged payment problems Oak Maritime's Kondor encounters the same issue as Angelicoussis tanker in April Houthis claim to have targeted three ships after Red Sea near miss Master reports explosion close to ship off the Saudi Arabian coastal city of Al Shuqaiq Norden confirms newcastlemax buys as it charters in another MR tanker Danish owner says deals enhance strategic position Evangelos Marinakis' Capital Gas leads charge as it upscales and decarbonises LCO2 carriers Greek owner is adding onboard carbon capture to its newbuildings as it looks at next size up 'Biggest bet in shipping history' pays off as Lomar seals $2bn container exit Libra Group company says the last box vessels were sold this month Dimitris Melissanidis outfit signs Saudi ship waste recycling deal Greek firm joins programme to clean up ports Dorian LPG lines up $115m share sale despite big cash balance VLGC owner aims to use proceeds of offering for general corporate purposes Trafigura profits tumble as extreme volatility ends Major traders reported record profits since 2020 owing to Covid-19 and the war in Ukraine Eastern Pacific Shipping partners with MAN Energy Solution on ammonia training Agreement will enhance crew safety and strengthen environmental aspect US bridge closed after MSC container ship lost control at 'full throttle' Coast Guard swings into action after pilot reported he could not control engines Petrocab orders Dae Sun product tanker for Morocco assembly Owner contracting second small carrier from South Korean yard Wah Kwong doubles ultramax bulker newbuilding order at New Dayang Quarter is scheduled for delivery in 2027 Three 'high-risk' flag states hit by triple-listing Tanzania, Togo and Belize identified among worst performers by three port inspection regimes Shipowner NKT chooses methanol fuel capability for cable-layer newbuilding Vessel will also use renewable power when alongside for zero carbon emissions Atlas and EMF strike again with fresh suezmax newbuildings in South Korea Leon Patitsas' total orderbook races past the $2bn-mark with scrubber-fitted, dual-fuel tankers at DH Shipbuilding Posidonia 2024: Three key takeaways as shipping shines under sun and stars in Greece Shipowners are enjoying the boom more than their bankers and future fuels are going out of vogue NKT opts for methanol fuel capability for cable-layer newbuilding Danish shipowner says vessel will also use renewable power when alongside for zero carbon emissions Alpha Omega ties up with Yangzijiang Financial and adds another bulker Emerging ship investment company is growing with a joint venture and a second vessel North Star lands $540m of financing to add 40 ships by 2040 Scottish shipowner taps ABN Amro and others to fund big ambitions in wind sector

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JUNE 6, 2024

Altana releases next-generation supply chain management platform Altana's enhanced platform Value Chain Management System is designed to help customers track, identify and manage all the components of their supply chain.