JN Port again registers improved monthly & yearly performance in cargo handling
Top-tier speakers & panelists to grace Cargo Shop 2024 - Shippers & LSP Forum in Vadodara on Oct. 17
US port workers' strike ends leaving cargo backlog
Apple plans AirPods production in India for exports
Implicit and Inferred concept of seaworthiness of a vessel
Adani Mundra Port achieves milestone by handling 100 MMT this fiscal
The PDP Group® expands its logistics footprint by extending operations to Vizag
FFFAI concludes its 61st AGM in New Delhi; holds Open House with top govt officials & industry leaders
Baltic Exchange Market Report (4 October 2024)
Directorate General of Shipping invites public comments and stakeholder consultation on the draft notification on Regulations for Vessel Sharing Agreements (VSAs)
Port strike has ended but ripple effect will remain for some time: Report
Dumping probe on six Chinese imports
CMA CGM Overweight Surcharge on dry cargo from India, Sri Lanka, Middle East Gulf & Djibouti to Europe
WSF: Three yards in running to build new hybrid-electric ferries Nichols Brothers Boat Builders, Eastern Shipbuilding Group and Philly Shipyard are likely to bid to build Washington State Ferries' planned series of five new hybrid-electric 160-car ferries, according to WSDOT Assistant Secretary
Enhancing Container Shipping Efficiency for Faster Deliveries As the demand for faster deliveries increases, the container shipping industry faces a pressing need to enhance its efficiency. This article explores key strategies to optimize container shipping processes. Understanding these methods can help professionals stay ahead in the competitive landscape of global logistics. Container shipping is integral to global trade, facilitating the movement of goo
Fire incidents lead to more stringent rules for shipping charcoal in containers Cargo Incident Notification System (CINS), an initiative created by the container shipping industry, has published guidelines on the safe carriage of charcoal in containers, as nearly 70 boxship fires were caused by misdeclared charcoal cargoes between January 2015 and December 2022. CINS said: "Most of these incidents also arose from consignments that had been misdeclared and therefore the carri
Drones: New tool for shipping stakeholders to maximize efficiency Drones, or unmanned aerial vehicles (UAVs), are rapidly being adopted across various sectors of maritime and shipping operations due to their versatility and the ability to perform tasks remotely. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
US dockers shift from catastrophe to comedy For weeks, experts and scribes have been warning of a US East Coast catastrophe as the strike loomed. When the date arrived, the whole thing shifted from Shakespearean tragedy to Hollywood farce within three days. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Correspondent at Large If you liked this post, please consider donating The post
Weekly Highlights: Stock Trends of Major Container Shipping Companies This article explores recent trends in stock performance within the container shipping industry, focusing on notable fluctuations among major ocean carriers over the past week, spanning late September to early October. In the following section, we will examine the stock trends of some of the world's largest shipping companies, offering an in-depth look at their market performance during this peri
Konecranes unveils new design of Noell Straddle Carrier Finnish port equipment manufacturer Konecranes presented the new design of its Noell Straddle Carrier prototype on 26 September in Würzburg, Germany, on a celebratory event for the 200th anniversary of the brand. "Sustainability is becoming more and more important for container terminals using straddle carriers, as they search for viable ways to decrease their CO2 emissions and power usage," said
USEC port strike ends, but supply chains will take weeks to recover Strike action at ports on the US East and Gulf Coast ended , after a new wage agreement was reached - but a backlog of more than 40 ships waiting to offload billions of dollars of cargo means the pain is not yet over. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative agreement on wages while also extending the Master Contract unt
India preps to level pricing field between landlord terminal concessionaires and private ports Marine terminal companies holding operating concessions at India's major landlord ports now have an opportunity to better compete with private ports, an industry domain being increasingly dominated by the Adani Group. The government has released revised draft policy guidelines allowing old terminals with operations on a build-operate-transfer (BOT) basis, who had been victims of a flawed pricing
Salalah and Djibouti ports enter intense competition for regional dominance The current competitive landscape among the Arabian Sea ports is in the spotlight, as the Red Sea crisis continues hampering shipping operations, affecting all the major regional players. The ports are also part of larger geopolitical strategies, involving not only the host countries but also global shipping powerhouses like China and the United States. The partnerships and alliances formed throu
Egypt remains vulnerable to global shipping disruptions The geopolitical situation in the Red Sea area has continued to deteriorate, leading to significant shipping disruptions in the Suez Canal. According to the UNCTAD report, as of early 2024, the crisis that began in November 2023 has resulted in a notable decline in Suez Canal revenues by about 40%, significantly affecting Egypt's financial stability. This content is locked Select a CN Premium Sub
South Korea's intra-Asia container trade grows South Korea traded 367,000 TEUs of containers with eight other Asian economies in August, translating to a 12% year-on-year increase, accomplishing the second highest monthly volume after 368,100 TEUs in April. Exports accounted for 161,300 TEUs, representing a 5% growth, while imports were increased by 18% to 205,600 TEUs. Exports and imports increased to and from six of the eight countries and
USEC port strike is over; ILA, USMX reach tentative agreement The port workers' strike on the United States East Coast comes to an end after the agreement between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX). The two bodies have reached a tentative agreement on wages and have agreed to extend the Master Contract until 15 January 2025. In January, they are expected to return to the bargaining table to nego
Hapag-Lloyd introduces low water surcharge from North Europe & Med to Canada Hapag-Lloyd will implement a low water surcharge from North Europe and Mediterranean to Canada, effective from 14 October. "The water levels in the St. Lawrence River have significantly dropped, and the Canadian Coast Guard has forecasted further reductions in the coming weeks," noted the German carrier. In response to these conditions, Hapag-Lloyd will introduce a surcharge of US$150 per TEU for
Diana Shipping extends post-panamax deal at slightly lower rate New York-listed Greek bulker owner Diana Shipping has extended the time charter contract with Aquavita International for one of its post-panamax dry bulk vessels. Aquavita International hired the 2013-built, 87,146 dwt bulker Phaidra. The gross charter rate is $12,000 per day, minus a 4.75% commission paid to third parties, for a period until a minimum ...
Plans revealed for $500m shipping fund in India India's Alphard Maritime Group has set out to establish a $500m shipping fund in the country's new financial services centre, Gujarat International Finance Tec-City (GIFT City). The plan is for Alphard to contribute Rs500 crore, while partners would provide another Rs4,500 crore to Indian shipowners looking to acquire assets worth between $10m and $20m. Mumbai-based ...
MOL tipped for FSRU order at Hanwha Ocean Japan's Mitsui OSK Lines (MOL) has been tied to this week's order for a floating storage and regasification unit (FSRU) in South Korea. Hanwha Ocean, which has 12 FSRU projects under its belt, announced on Tuesday that it had won a new contract from an unnamed client in Asia. Industry sources suggest that the Tokyo-headquartered ...
Arctic emission control areas established at MEPC As is common when it gathers, the final day of the Marine Environment Protection Committee (MEPC) meeting at the headquarters of the International Maritime Organization (IMO) is expected to run late with many last-minute compromises and negotiations. Among this week's confirmed important agreed milestones has been the agreement to adopt key amendments to MARPOL Annex ...
Velesto Energy taps SLB to improve rig capabilities Velesto Drilling, the offshore drilling unit of Malaysia's Velesto Energy, has signed a memorandum of understanding with oilfield services giant SLB to enhance rig capabilities. The three-year collaboration will see SLB deploy its DrillOps Intelligent Well Delivery and Insights Solutions as well as its Drilling Emissions Management Solutions on designated Velesto rigs. These digital solutions ...
Punit Oza takes the helm at Institute of Chartered Shipbrokers A well-known name in Asian shipping circles has become the first Singaporean to take the reins at the Institute of Chartered Shipbrokers (ICS). Oza, the founder of maritime consultancy Maritime NXT, whose career has included stints at Precious Shipping, Torvald Klaveness and Wiz Bulk, has been appointed as the ICS president, taking over from Kevin ...
Safety study grills the carriage of charcoal Carrying charcoal as cargo has led to 68 fires on containerships in eight years, with a new study published to try and help stamp out this scourge. The Cargo Incident Notification System (CINS), a safety initiative representing container shipping lines and maritime insurance interests, has published a series of guidelines for the safe carriage of ...
Sea1 Offshore finds work for AHTS trio in Australia Norwegian offshore vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured a multi-well project for three anchor-handling tug and supply vessels (AHTS) in Australia. According to an Oslo Bors filing, the contracts will begin in either the second or third quarter of 2025 for a firm period of around 380 days up to ...
Petrobras to cooperate with Wood on concepts for future FPSOs UK consulting and engineering firm Wood has agreed with Brazilian national oil major Petrobras to deliver concept studies with designs and recommendations for FPSOs in the next decade. The first study will explore design concepts of FPSO units with lower human exposure to risk and increased operational reliability. The plan is to evaluate this concept ...
Metaverse pioneer hails 'exciting' potential for maritime Spot Ship, a cloud-based digital platform, is celebrating securing a tech titan from the gaming industry on its board. Herman Narula, co-founder and CEO of British multinational tech company Improbable, will be joining the Spot Ship board, his first board role outside the Improbable Group. Narula, best known for his gaming and metaverse developments, will ...
Russian strike on bulk carrier off Romania seen as slip-up Last month's strike by Russian airforce planes on a bulk carrier close to Romania's shoreline was likely a mistake, a new study from the UK's Ministry of Defence suggests. The 27,239 dwt bulker Aya, which was transporting Ukrainian grain to Egypt, sustained damage to its port side, including a cargo hold and a crane, when ...
Daily Briefing US port strike ends after three days but backlog will take weeks to clear | Private security: you get what...
Net zero in doubt but progress is being made, brokers told Decarbonisation is still the industry's biggest challenge and net zero by 2050 looks doubtful, industry bosses told the Institute of...
Shipping's decarbonisation policy still requires a strong narrative to fly with all governments The fact that a majority of governments now back a carbon levy for shipping is not enough. To create a...
MEPC82 provides CII reality check as enforcement timeline up in the air Member states to work on CII review before MEPC83, but phased approach sparks criticism from environmental groups for 'deprioritising CII'...
The Lloyd's List Podcast: Why shipping should be training for an ultra-marathon Lloyd's List's editor-in-chief Richard Meade takes a more practical look at shipping's alternative fuel future, and highlights the scale of...
Oaktree offloads 3.5m Torm shares Oaktree Capital has sold more of its stake in product tanker owner Torm, reducing its holdings to 42.4%
Black carbon regulation back on the cards at IMO Countries have voiced support for developing a polar fuel standard, which green groups hope will mean progress on black carbon...
European Commission approves MSC's HHLA deal Hamburg Hafen und Logistik operates three of the four container terminals at the Port of Hamburg, as well as a...
Container rates sink further as hopes fade for port strike reprieve End of US port strike means capacity control could soon once again become the key driving force in the freight...
MEPC82: Carbon price decision going down to the wire as IMO juggles GHG, CII IMO member states facing a decision between the two primary proposals in April; a levy and a fuel standard backed...
India tells seafarers to avoid Iran The warning came in an advisory issued by Capt Daniel Joseph, deputy director of shipping, and tells seafarers to avoid...
Ruby owner complains of media beat-up The Ruby's owners said media speculation and resulting prejudice over its ammonium nitrate cargo were stopping the ship from finding...
Private security: you get what you pay for The incident raises familiar questions about the quality and consistency of private security teams on board vessels transiting what is...
Charcoal should always be treated as dangerous goods, new guidance says The guidelines have been published by Cargo Incident Notification System, which includes major shipping lines as well as the International...
US East, Gulf coast ports confident of smooth post-strike reopening Ports on the US East and Gulf Coast say they have spare capacity and expect minor disruptions as they process more than 60 ships backlogged by a three-day strike
LA-LB port significantly cuts emissions, but tougher challenges await The ports of Los Angeles and Long Beach registered their best year ever in reducing emissions, but they still face daunting challenges as they strive to reduce pollution that remains from vessel, cargo handling, truck and rail sources.
Rail industry split on how to best combat cargo theft While shippers and intermodal providers agree that rail cargo theft is a problem, there is no consensus about the right solution.
India regulators seek VSA 'trade-off' for local carriers and alliances New provisional guidelines from Indian regulators will allow the major shipping alliances to operate at national ports as long as homegrown carriers get guaranteed access to a 5% share of the massive vessel-sharing agreements.
ILA, USMX agree on new wage offer and contract extension that reopens ports Maritime employers and the union representing some 45,000 East and Gulf coast dockworkers have reportedly closed the gap in wage expectations to just $1 per hour per year.
Analysis: Here's what the pay hike that US port workers fought for looks like in context No one docker will get rich off their $4-per-year hourly pay hike, and it's still below West Coast pay
Wavelength podcast: One year to regulatory certainty as IMO carbon talks reach final lap LNG bunker vessel demand and the ESG scorecard that makes US-listed shipowners either worried or happy
Analysis: Negotiators wrestling with IMO climate talks begin to see common ground IMO climate agreement inches closer with clear options on the table
IMO talks edge closer to landmark deal to cut shipping's carbon emissions Negotiations in London this week provide optimism on climate change action, with warnings patience will be needed head of final decision
No-nonsense judge seeks early end to Baltimore bridge liability battle Judge says the multi-billion-dollar question over shipowner liability will be addressed first in complex legal case
Belships and Diana Shipping fix ultramax bulkers on period contracts as spot market fails to inspire Public owners secure one-year fixtures that have been rare in the market
Kawasaki blames engine tampering on organisational dysfunction and lack of customer perspective The Japanese giant has admitted to tampering with engines built under license for international tonnage
Investors flee Zim shares on news of settlement in US port strike Heavy trading in New York as liner operator gives up last of disruption premium
Greece's most prolific MR tanker buyer strikes again with two new acquisitions Greek shipowner and serial buyer snaps up 22 tankers in two years
Fire alarm raised as container ships suffer streak of hard-to-tackle charcoal blazes Lightweight fuel is frequently misdeclared to avoid bureaucracy and cost for shippers
Scale of container ship charcoal fires revealed as industry reveals new safety plans Lightweight burning fuel frequently mis-declared to avoid bureaucracy and cost for shippers
Stolt-Nielsen a good bet as crude and product tankers swing back to own markets Clarksons Securities sees reversal of cannibalisation trend as good news for chemical carriers
Mercuria boosts tanker bet with six-ship order in China Swiss trader said to have made third newbuilding move this year
Europe hits out at Chinese EV makers and car carrier market-makers with tariffs Fees as high as 35.3% will be imposed
New record shaping up for 2024 Northern Sea Route transits But abundance of sea ice could bring early end to non-ice-class traffic for this year
Aquavita shaves money off Diana Shipping post-panamax bulker charter Greek charterer keeps Phaidra period deal running at lower rates
Opec decision to focus on market share tipped to create six-figure VLCC frenzy Strong market could last two years, Jefferies analyst Omar Nokta says
Oaktree cuts Torm stake after finding buyer for latest big share chunk US private equity giant is likely to have banked around $120m
Shipowner Harald Moraeus-Hanssen splashes container ship cash on new tankers and bulkers Norwegian investor reinvests proceeds from container ships into new ultramax bulkers, LR2 and chemical tankers
'Avoid Iran,' India warns shipowners as Middle East crisis hots up Companies advised to move crew changes and reschedule discharge operations
CMA CGM vessel damaged after crashing into quay in Colombia Boxship suffered machinery failure, port captain says
Maersk and Hapag-Lloyd shares crash as historic US port strike ends Major European lines see stocks crash around 10% after US dockers agree to return to work
Teekay Corp tightens grip on Teekay Tankers in $29m share deal Filing reveals parent acquired more 'A' shares, bringing stake to 54%
Owner of stranded bulker carrying potentially explosive cargo blames media coverage for port snubs The Ruby remains anchored off UK with nowhere to go
Attack on Ukraine grain ship blamed on poor targeting procedures from Russian pilots using ageing munitions UK sheds some light into mysterious Black Sea incident on 11 September
Tanker owners bullish and rates rise as Libyan terminals come back to life Output is expected to soar after resolution of row over control of oil revenues
Broker-turned-owner plots extra deals after putting Risor back on the shipping map Two-vessel dry bulk/general cargo outfit is eyeing growth in Europe's short sea market
PascoGas orders two midsize LPG carriers at South Korean shipbuilder HD Mipo Turkish owner is believed to be paying $83.5m each for pair
Port strike ends after union and employers reach tentative deal Agreement extends contract covering US East Coast and Gulf of Mexico ports until 15 January
Video: Houthi footage shows sea drone attack on Ultrapetrol tanker in Red Sea Footage offers new perspective on strike on Cordelia Moon a day after another video showed armed guards firing on unmanned attack boat
Eastern Pacific newbuilding order extends drive into new breed of ethane carrier Order is the second ULEC contract Eastern Pacific has inked in two months
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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