Teamglobal Logistics recognised at Council for Fair Business Practices (CFBP) Jamnalal Bajaj Uchit Vyavahar Puraskar 2023-24
Schedule reliability improves in Feb.
With methanol bunkering of deep-sea vessel, Port of Antwerp-Bruges' takes key step in ambition to become a multi-fuel port
Functionalities to file commonly used ITRs enabled by CBDT on April 1
Simplifying e-commerce rules, setting up National Trade Network should be among new government's agenda: GTRI
India's GDP can grow at 8 pc till 2047: IMF's Subramanian
Enhancement and Embellishment of No-Cure No-Pay' Salvage Award
MOL starts commercial operation of FSRU for Indonesia's Jawa 1 LNG-fired power plant
Asian Shipowners' Association calls for urgent attention to maritime security in the Red Sea; advocates support for R&D funding vital to industry's net zero transition
India sets Rs 1 trn marine exports target
Baltic Exchange Market Report (5 April 2024)
Most of DFC operationalised
Shippers seen delaying signing new long-term contracts: Report
Syama Prasad Mookerjee Port handles all-time high 66.4 MMT in 2023-24; HDC shines
Plastic exports jump 14 pc in Feb.
Syama Prasad Mookerjee Port to maintain Scale of Rates
USACE targets end-of-May restoration of full Port of Baltimore access As work to cope with the aftermath of the Francis Scott Key Bridge collapse continued, the U.S. Army Corps of Engineers (USACE) announced a tentative timeline for the restoration of safe navigation
New Rottnest Island ferry starts construction Construction on a new 32-meter passenger ferry, designed by Incat Crowther for Western Australian ferry operator Rottnest Fast Ferries, has commenced at Austal Philippines. The new ferry will operate on the popular
PortXchange appoints new account executive for North America PortXchange has revealed its expansion into North America, marking a significant milestone for the company. They have also announced the appointment of Matt Swenson as the new account executive for North America. With his extensive experience in the maritime sector, Swenson will try to spearhead PortXchange's initiatives in bolstering its presence throughout the United States. "With five years of
CMA CGM updates FAK rates from Asia to North Europe French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to North Europe. 20'GP 40'GP/40'HC/40'REEFER Asia to North Europe US$2,200 US$4,000 The origin range encompasses all Asian ports, comprising Japan, Southeast Asia, and Bangladesh, destined for all North European ports, including the United Kin
ClassNK, Nihon Shipyard and IMC team up to expand anti-roll tank application to large boxships ClassNK has entered a collaborative research and development (R&D) agreement with Nihon Shipyard (NSY) and IMC aimed at ensuring the safety and performance evaluation of anti-roll tanks (ART) installed on large container ships. Anti-roll tanks are specialized devices designed to mitigate a ship's roll by moving liquid, such as water, within the tank. The consideration for ART implementation on la
Maersk announces new peak season surcharges in Africa Maersk has implemented a Peak Season Surcharge (PSS) for all dry and reefer containers originating from North European and Mediterranean countries to Djibouti, starting on 4 May 2024. Surcharge Origin Destination Container Type New tariff levels Charge Basis PSS North European and Mediterranean countries Djibouti, DJALL Container ALL Container US$300 Per Container In addition, the Danish liner op
Peel Ports seeks bids for nearly US$1 billion construction works Peel Ports Group, the UK's second-largest port operator, has opened bidding for two new frameworks encompassing a significant, long-term programme of construction projects across its UK and Ireland facilities, valued at GB£750 million (around US$950 million) in total. "Our ports form a network of busy logistics hubs servicing local, national and global supply chains, and this move represents a hu
Hapag-Lloyd boosts rates from Far East to North Europe and Med German ocean carrier Hapag-Lloyd has announced increased ocean tariff rates for Freight of All Kinds (FAK) between the Far East and North Europe, as well as the Mediterranean. This increase applies for cargo transported in 20' and 40' dry containers, including high cube equipment, and reefers for sailings commencing on tariffing date of 15 April. per container Far East Westbound to Destination 20
First containers for two years arrive in Odessa A feeder service out of Constanta in Romania has delivered the first containers since Russia's 2022 invasion of Ukraine to Chornomorsk port in what is intended to be a regular service to the greater Odessa region. T-Mare, a Panamanian flagged general cargo vessel owned by Marshall Islands registered Majoris Trading, was chartered on 1 February, according to VesselsValue data, by Turkish forwarder
A Detailed Guide to Buying a Car and Transporting It Purchasing a car is a significant investment that requires careful consideration and planning. Whether buying a car from a dealership, a private seller, or an auction, you must be well-informed and prepared to make the best decision for your needs and budget. The excitement of buying a car can sometimes overshadow the logistical challenges that come with transporting it, especially if you're purc
CMA CGM increases rates from Asia to Med and North Africa CMA CGM has introduced updated Freight All Kinds (FAK) rates, effective from 15 April to 30 April, from all Asian ports to the following regions: *For dry, OOG and Paying Empties 20' 40'/40'HC West Mediterranean US$3,300 US$4,200 Adriatic US$3,300 US$4,200 East Mediterranean US$3,400 US$4,300 Black Sea US$3,400 US$4,400 Algeria US$4,600 US$5,800 Tunisia US$4,500 US$5,700 Libya US$4,300 US$5,200 M
Batam opens first direct container shipping link with China The Indonesian resort island of Batam has opened its first container shipping link with China, a move estimated by the municipal authorities to save US$600 in shipping costs per container. Speaking at the arrival of the 2001-built 1,098 TEU SITC Hakata at Batam's Batu Ambar Container Port on 31 March, Muhammad Rudi said, "We have realised a direct shipping connection to China, after installing a
ONE enhances Scan Baltic feeder service network Ocean Network Express (ONE) has decided to proceed with enhancements to its Scan Baltic Feeder Services. According to the company's recent restructuring of its Scan Baltic feeder service network , ONE will launch the weekly SBX (Scandinavia Baltic Express) service on 19 May with the following port rotation: Wilhelmshaven (Germany) - Hamburg, CTA (Germany) - Fredericia (Denmark) - Gdynia (Poland)
X-Press Feeders signs green corridor deal with six European ports X-Press Feeders, the world's largest independent common carrier, signed a memorandum of understanding (MOU) with six European ports: Port of Antwerp Bruges (Belgium), Port of Tallinn (Estonia), Port of Helsinki (Finland), Port of HaminaKotka (Finland), Freeport of Riga (Latvia) and Klaipeda Port (Lithuania). This agreement signifies a joint commitment to accelerate the establishment of green ship
Port of New York and New Jersey reaches 1.3 million TEUs in first two months of 2024 In February 2024, the Port of New York and New Jersey saw notable growth across various metrics, including total volume, imports, exports, rail, and auto shipments, marking it as the second-busiest February on record. Total volume for February stood at 632,455 TEUs (equivalent to 349,792 containers), reflecting a 10.7% increase from the same month in 2023. Year-to-date figures show that the port
ONE commences Irish Sea Express Service Singapore-headquartered box line Ocean Network Express (ONE) has announced the launch of the Irish Sea Express Service (IRX), which is expected to offer customers enhanced coverage in Europe and a direct connection between Rotterdam and Ireland. The new IRX service will also be anticipated to provide a reliable and quality-assured transport service as well as schedule integrity. The first sailing
Maersk's OC1 service returns to Panama Canal Maersk has decided to reinstate the Panama Canal transit on its OC1 service, effective from 10 May, as the rainy season approaches and the Panama Canal Authority recently introduced additional transit slots per day. The service will return to its pre-existing rotation that was in place prior to the current "two-loop" setup established with the Panama Rail connection, which will be phased out by t
Container ships get "Cars" makeover Artificial Intelligence (AI) presents vast opportunities for fueling creativity and imagination. With this in mind, we tasked an AI system with a fun project: to create illustrations of container ships in the style of Pixar's "Cars". Take a look at the captivating results below: 1 of 11 If you liked this post, please consider donating The post appeared first on Container News .
Scott McReaken quits Fredriksen's rig companies Scott McReaken has decided to step down as chief executive of John Fredriksen's Northern Drilling and its semisub rig spin-off Northern Ocean. No further details were disclosed, but both companies said they expect to announce McReaken's replacement shortly. "On behalf of the company, I want to thank Scott for his contributions. We wish him well ...
Panama Canal restrictions set to ease as rains roll in Weather forecasts have plenty of rain heading Panama's way with many in international shipping predicting that the worst has now passed for a chokepoint that has been badly affected by drought for the past 11 months. Splash has been reporting on the Panama Canal Authority's (ACP) decision to slash daily transits and draft levels since ...
Industrial Jenga: the battle to reopen Baltimore port The port of Baltimore could be up and running at full capacity by the end of next month under a tentative timetable released yesterday by the US Army Corps of Engineers (USACE), a plan which also sees another shipping channel open up later this month. The port has been largely closed for the last 11 ...
E. Nomikos buys panamax Greece's E. Nomikos Corp, a privately owned shipping company, has added its first ship in two years, tabling just under $18m for a 15-year-old, Oshima-built panamax, Xing Ji Hai, sold by Chinese interests. The last time E. Nomikos was in the market was in 2022 when it added a ship from another Chinese owner, the ...
Liner Cape diversions equivalent to a trip to the Moon every week Putting some perspective on just how enormous the rerouting of global trade has been in the wake of the Houthi attacks in and around the Red Sea over the past six months, Lars Jensen, founder of liner consultancy Vespucci Maritime, has crunched some astronomical numbers. For the past 112 days - 16 weeks - major ...
Aramco suspends contract for another jackup rig After Saudi Aramco already suspended deals with several rig owners, New York-listed offshore driller Valaris announced that its Saudi joint venture received a notice of suspension for one of the jackups contracted to the oil and gas player. Valaris' Saudi JV, ARO Drilling, has 19 contracted rigs to Saudi Aramco and it received a contract ...
HD Hyundai unveils novel gas containment material HD Hyundai is developing a plastic rival gas containment system to today's dominant supplier, Gaztransport & Technigaz (GTT). South Korea's largest shipyard has just received a general approval for ship application from class society DNV for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers. In a world-first, HD Hyundai's ...
No major east coast fallout from Baltimore container blockage Container shipping flows have adjusted to the Baltimore bridge accident. Rates to the east coast continue to decline despite the...
Eagle Bulk shareholders greenlight Star Bulk merger creating dry bulk juggernaut Eagle Bulk and Star Bulk are set to complete their combination on April 9 after Eagle shareholders voted in favour...
X-Press Feeders to kickstart European green corridors Singapore-based shortsea operator to use bio-methanol in European feeder services from the third quarter of 2024
War zone GPS jamming sees more ships show up at airports More than 100 cargo-carrying vessels appeared to show up in Beirut airport yesterday. AIS manipulation, common in the region since Hamas'...
Troubled water over a bridge Marine insurance is proving its value after the past week's spectacular casualty in Baltimore
Box freight market losing momentum Carriers are continuing to look for rate increases. But in the traditionally slower months of the second quarter, and with...
Russian oil imports buoy China's crude purchases despite waning demand The record crude oil imports from Russia are impressive. But analyst says it masks the overall weakness in China's crude...
CMA CGM brings vessel efficiency programme to Europe Containership operators have focused on reducing vessel emissions in the face of increasingly stringent regulations. While vessel modifications to increase...
Police seize 212 kg of cocaine on Latvia-operated bulker in Brazil Police say the cocaine found on board the Liberia-flagged bulk carrier was headed for Germany
Elderly livestock carrier grounds on Greek island Aegean incident is latest in litany of accidents blighting livestock shipping sector
Danish strait back open after missile scare Authorities confirmed the missile launcher was not armed on Thursday evening and lifted the warning shortly after
Daily Briefing Red Sea attacks pull idle containership capacity back to pandemic levels | Russian crude exports defy G7 price cap during...
Baltimore preps for limited port reopening by end of April And the US Army Corps of Engineers says it expects to clear the wreckage of the Francis Scott Key Bridge from Baltimore's 50-foot-deep shipping channel by the end of May, "restoring port access to normal capacity."
Maersk to resume Panama Canal transits on OC1 service as vessel restrictions ease The canal authority at the end of March increased the number of daily vessel slots available following an improvement in actual and projected water levels on the Gatun Lake.
Iraqi Persian Gulf port project moves forward as backers push Red Sea alternative The UAE's AD Ports Group and the Iraqi government have signed a preliminary agreement to develop the Al-Faw Grand Port, its economic zone and freight-supporting infrastructure.
European decarbonization goals need more funding: transport groups Without a significant increase in EU funding, the ambitious emissions-cutting targets for 2030 and 2050 will be difficult to meet, the coalition told the European Commission this week.
Capesize rates to 'come off significantly' after best start to the year since 2010 MB Shipbrokers says weakness in second quarter will be followed by a rebound later in 2024
Kristian Siem and Christen Sveaas slice up Siem Offshore as founder and chairman exits Deal sees Siem take nine ships and exit the company he established 30 years ago
SFL scores $150m in cash after placing sustainability-linked bonds New York-listed shipowner to use some of funds for refinance previous debt securities
Billionaire Torstein Hagen seeks New York IPO for 92 ship cruise giant Viking Chairman says listing is natural move to further solidify position
Torstein Hagen hunts New York IPO for 92 ship cruise giant Viking Chairman Hagen says listing is natural move to further solidify position
Wavelength podcast: Dali disaster, crew welfare and fuel problems Who is caring for the crew of the Dali?
Eagle Bulk takeover approved as two thirds of shareholders vote for Star Bulk deal Merger poised for completion on Tuesday after 65% of shareholders give the thumbs up
Meet the entrepreneur ready to ship trillions of litres of fresh Arctic water on product tankers Investor Thomas Schumann could hold the key to evolution of the tanker business as he fights global drought
CLdN seafarer in hospital after breaking ankle in winch system RNLI lifeboat was called out to the ro-ro Yasmine off the UK
Editor's selection: Baltimore bridge ship battles to limit liability, and Clarksons bosses' pay deals revealed These are the big stories making the headlines in TradeWinds this week
Aframax tanker rates climb, boosted by tightness in the US Gulf There was little VLCC activity this week, leaving space for smaller ships to shine
Shipping Corp of India shopping for new VLGC and offshore vessel in expansion push State-controlled owner tenders for secondhand ships as part of expansion drive
Eagle Bulk's last flight: shareholder vote looms as a new $2.7bn Star set to be born Path looks clear for a bigger Star Bulk Carriers to move forward as highly investible dry bulk goliath
Confident tanker buyers frustrated by lack of sales candidates in market with 'proven profitability' Eva Tzima, head of research at Seaborne Shipbrokers in Greece, explains present dynamic in S&P market
Banking giant Citi recruits new Norway boss from HSBC in London Christian Aho has been recruited from rival to replace Pal Rokke
X-Press Feeders inks green corridors deal with six north European ports Carrier names date for launch of first European feeder services powered by green methanol
Bank giant Citi recruits new Norway boss from HSBC in London Christian Aho will start in Oslo on 1 May
Joakim Hannisdahl's Gersemi fund shorts Euronav and cuts bulker exposure amid high share prices Norwegian investor says tanker and dry bulk sector stocks have risen above his fair-value assessments
Tor Olav Troim's Himalaya Shipping an 'attractive bet' for Pareto as it begins coverage Bulker owner shares rise to NOK 84 versus target price of NOK 110
Hoegh Autoliners' March volumes slump amid ongoing Red Sea diversions Volumes are still significantly lower, although rates are 'close to peak'
John Fredriksen's SFL gets books covered for $150m bond issue Chief executive Ole Hjertaker says there has been great interest from US and outside Scandinavia
Liner stocks bounce back from Baltimore bridge blow Zim, Maersk and Hapag-Lloyd stocks recover amid signs freight rates are reaching a floor
John Fredriksen's SFL gets books covered for $150m bond issue Chief executive Ole Hjertaker says great interest from US and outside Scandinavia
Shipowner and reality TV star Leif-Ivan Karlsson arrested in Sweden Police are investigating financial crimes, according to prosecutors
Shake-up at Trafigura as 'pivotal' executive director and finance chief both quit Departures follow resignation of former operating boss Mike Wainwright, who is fighting a corruption case
Golden Ocean heads first quarter rally as shipping surges ahead of main Oslo index VLGC owners BW LPG and Avance Gas fall behind
Laden livestock carrier grounds off Greek island in benign conditions Vessel carrying 16 people and thousands of sheep and lambs was refloated after several hours
Billionaire Idan Ofer captures 'pivotal moment' with $2.6bn green shipping spending spree Major decarbonisation initiative spanned retrofitting and pioneering newbuilding moves at Eastern Pacific
Seismic shipping giant Shearwater seals $700m refinancing headed by DNB Norwegian shipowner says deal will strengthen capacity to grow
Cocaine weighing 212kg found hidden on ship by Brazilian divers Joint operation with navy found eight packets weighing 212kg below the waterline
$27bn man: Norway's top stockpicker opens up on his shipping investment strategy Nordea's Robert Naess invests in Wilhelmsen, Treasure, Cadeler and Klaveness
CMA CGM plans green retrofits at Damen to cut emissions Work to be carried out at yards in France and the Netherlands rather than yards in Asia
'We still have a long road ahead of us': Baltimore salvage faces challenges as cargoes divert Ship inspections and efforts to clear channel press ahead cautiously amid murky waters and rough weather
Singapore safety clampdown sees Excelerate Energy FSRU detained City state has seen fewer detentions so far this year, but authorities remain on their guard
'While most talked, we acted': Idan Ofer's Eastern Pacific highlights $2.6bn green shipping investment drive Major decarbonisation initiative spanned retrofitting and pioneering newbuilding moves
UPS plans to hire 300 pilots to support Postal Service contract Express delivery giant UPS is recruiting pilots again after beating out FedEx for the Postal Service's air transport contract.
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