Ministry invites comments/suggestions on Draft Migration of Tariff Guidelines, 2024
India's logistics market seen growing at a CAGR of 8-9% in the next few years: Report
Govt giving major push to infra development
Shreyas Shipping and Logistics Limited rebrands to Transworld Shipping Lines Limited
India takes initiative to resume operations at Sittwe-India port in Myanmar
Extension of Interest Equalisation Scheme (IES) for Pre and Post Shipment Rupee Export Credit for three months beyond 30th September, 2024
MOL to merge 3 group companies to form a technical hub that puts maritime industry on path to achieve decarbonisation
Gulftainer strengthens partnership with South China's freight forwarders
DP World expands Marine Services fleet
ONE announces weekly ICE service connecting West Coast India, Sri Lanka, East Coast India
MbPA inks MoU with BPCL for green fuel ecosystem
Disruption in the Red Sea said to be getting worse
APSEZ handles 14 pc more cargo in Sept. 2024
Digitisation of Customs Bonded Warehouse procedures relating to obtaining Warehouse License, Bond to Bond Movement of warehoused goods, and uploading of Monthly Returns
Hans Infomatic organises first-ever AI-focused hackathon for the logistics industry
Extension of RoDTEP scheme for exports made from DTA Units and AA/EOU/SEZ Units
ESG cuts steel for new Fisher Island ferry Panama City, Fla. -based Eastern Shipbuilding Group (ESG) has marked a significant milestone with the official steel cutting for the new Fisher Island ferry, Falcon, at its Allanton shipyard. Attending the event
Jumbo puts sails on a heavy lift vessel Jumbo Jubilee As wind assisted propulsion (WASP) continues to make inroads across all sectors of shipping, Schiedam, Netherlands-based Jumbo Maritime reports that it has successfully installed two mechanical sails on the heavy lift vessel
Ampelmann completes successful first transfers with new W-type tower gangway Netherlands-based offshore access system specialist Ampelmann reports that it has has successfully completed the first offshore transfers with its new W-type system onboard the construction service operation vessel (CSOV) Olympic Boreas, delivered
From Ship to Cloud: ABS Wavesight Nautical SystemsTM Makes the Leap from On-Prem to Web-Based Fleet Management Sponsored Content: ABS WavesightTM, the ABS-affiliated software-as-a-service company, is proud to announce the release of web-based modules within the Nautical Systems (NS) fleet management platform. This release marks a significant milestone in
Offshore wind: Equinor now Ørsted's second largest shareholder In a move involving two Scandinavian companies who are significant players in the U.S. offshore energy sector, Norway's Equinor ASA has acquired 41,197,344 shares in Denmark's Ørsted A/S, corresponding to 9.8% of
AHTS stern roller bearings replaced with Thordon SXL bearings at sea Dubai-based Ocean Power International (OPI) recently replaced the bronze bearings in the stern roller of the anchor handling tug supply (AHTS) vessel ES Kestrel with grease-free SXL bearings from Thordon Bearings while
CMA CGM introduces peak season surcharges from Europe to America French container line CMA CGM has announced new peak season surcharges from Europe to American destinations. First of all, the company will implement a new peak season surcharge (PSS) from North Europe, including Scandinavia, Baltic, Spain Atlantic - Portugal excluded, to the Canadian East Coast, effective from 15 October. The PSS will apply to all cargo, except Out of Gauge and breakbulk, and wi
Analysis on three-day ILA strike impact and recovery: Freightos The ILA port worker strike ended on 3 October, after the union accepted a 62% wage increase over the next six years, and agreed to extend the expired contract until a January 15th deadline to resolve the remaining sticking points, with the role of port automation chief among them. Operations The end of the strike meant ports reopened on Friday, but the three-day shutdown was enough to create a si
Navigating Smart Routes in Shipping Logistics Shipping logistics might seem simple at first glance. It's all about getting goods from one place to another, right? However, anyone who's involved in this process knows that it's far more complicated. For example, what if you come across an accident on the road, or it spontaneously starts pouring rain? These are the types of things that delivery companies and drivers have to keep in mind. For pe
PAJ GPS Tracker: The Ultimate Solution for Secure and Compliant Container Shipping Introduction In this fast-changing world, the logistics and transportation industry has become an indispensable component of international trade. Millions and hundreds of thousands of vessels ship containers over the oceans and continents each day, and also you need efficient tracking answers has Never Been More. A GPS tracker is one of the quality ways to ensure a secure and efficient shipping e
SeaCube Container Leasing appoints new Board Chairman and new Board member SeaCube Container Leasing has announced the immediate addition of two members to its Board of Directors: Anthony Chiarello, who has been appointed Chairman of the Board, and Inna Kuznetsova. SeaCube Container Leasing is co-owned by Ontario Teachers' Pension Plan (Ontario Teachers') and Wren House Infrastructure Management Limited (Wren House), which operate under a co-control structure of the con
USEC vs USWC: Deep Dive into Port Connectivity in the Wake of Recent Strike Disruptions In the wake of the recent port strike on the US East Coast that rocked the global shipping industry, Container News conducted a detailed analysis to compare the connectivity of major US container ports, providing valuable insights into this critical performance metric. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider do
Maersk revises peak season surcharge from Europe to Canada Danish ocean carrier Maersk has announced the revision of its Peak Season Surcharge (PSS) for shipments from North Europe and South Europe to Canada. The following surcharge will be effective from 23 October, as follows: Origin Destination ALL 20 DRY ALL 40 DRY ALL 45 HDRY 40 HREF North Europe Canada US$2,000 US$2,000 US$2,000 US$2,000 South Europe, Mediterranean, Adriatic and North Africa (Exclu
OOCL reports strong results in 2024 third quarter Orient Overseas Container Line (OOCL) has announced that its third-quarter revenues increased by 73.7% to US$3 billion. At the same time, the COSCO-owned carrier's total liftings increased by 3.6% to 1.9 million TEUs and the loadable capacity decreased by 1.6%. The overall load factor was 4.2% higher than the same period in 2023, while overall average revenue per TEU increased by 67.6% compared t
SeaLead launches new liner service with Sri Lanka Ports Authority SeaLead Shipping officially inaugurated its new direct liner service in collaboration with the Sri Lanka Ports Authority (SLPA) on 2 October at Sri Lanka's Port of Colombo. The inauguration ceremony in Colombo saw participation from distinguished representatives of both SeaLead and SLPA. Bongso Basheer, General Manager of Liner Management of SeaLead Shipping in Singapore, along with Harsha De Sil
Ports of Singapore and Hamburg sign cooperation deal On 26 September, the Hamburg Port Authority (HPA) and the Maritime and Port Authority Singapore (MPA) signed a letter of intent in the presence of Hamburg's First Mayor Dr. Peter Tschentscher to strengthen their cooperation in the areas of digitalisation, decarbonisation and cyber security. The letter of intent, signed by CEO of HPA Jens Meier, and Chief Executive of MPA Teo Eng Dih, marks the be
How to Finance New Trucks and Equipment Without Breaking the Bank Picture Credit Investing in new trucks or any equipment is a crucial part of growing a business, but the financial burden can feel overwhelming. Fortunately, there are strategies to finance these essential assets without draining your cash flow. This guide explores ways to acquire the equipment you need while maintaining financial stability, ensuring your business continues to thrive. Understand
Wan Hai advances carbon reduction initiatives by integrating biofuel into its global fleet Taipei-headquartered ocean carrier Wan Hai Lines has recently upgraded its vessel equipment to minimize the environmental impact. In response to the 2030 and 2050 emission reduction targets set by the International Maritime Organization (IMO), the Taiwanese box line has launched the official adoption of biofuel in its global fleet. The 4,333 TEU container ship Wan Hai 510, also known as Tai Chun,
BIMCO, ICS publish guide to help maritime industry reduce underwater noise BIMCO and the International Chamber of Shipping (ICS) have developed a guide aiming to help the shipping industry understand and reduce underwater radiated noise from ships and help the industry implement the underwater noise guidelines from the International Maritime Organization (IMO). The attention to underwater radiated noise from ships has significantly increased over the last few years and
Carriers roll back emergency surcharges as US port strike ends In a big respite for Indian shippers, container lines have begun to cancel emergency surcharges they had announced to cover disruption consequences from the docker strike at ports along the US East and Gulf coasts, according to industry updates. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Jenny Daniel Global Correspondent Contact email: j.daniel@containe
Port of Rotterdam, Swietelsky Rail Benelux sign construction deal for first track bundle for the Maasvlakte-Zuid railway yard Port of Rotterdam Authority and Swietelsky Rail Benelux B.V. have signed a contract for the construction of a bundle of six tracks suitable for 740-meter trains as part of the new Maasvlakte-Zuid railway yard. This project was developed in close cooperation with ProRail and with the use of a European Connecting Europe Facility (CEF) subsidy. Swietelsky is expected to start construction in the spr
d'Amico picks up chartered product tanker at below-market level Milan-listed product tanker owner and operator d'Amico International Shipping (DIS) has boosted its owned fleet by declaring an option on a modern MR vessel it has on charter. The Carlos di Mottola-led company has snapped up the 2018 Japan Marine United-built High Navigator for $34.3m. The 49,999 dwt ship, currently listed on pricing platform VesselsValue ...
Euroseas bags one-year charter for feeder boxship Nasdaq-listed Greek boxship owner Euroseas has penned a time charter contract for one of its feeder containerships. Euroseas won a charter for the 1,732 teu Jonathan P for a minimum period of 11 to a maximum period of 13 months at the charterer's discretion, at a gross daily rate of $20,000. The new charter for ...
Equinor spends $2.5bn to become a shareholder in Ørsted Norwegian energy major Equinor has acquired a 9.8% stake in Danish offshore wind player Ørsted and became the second largest shareholder in the company after the Danish state. Equinor said that its ownership position had been built over time, through a combination of market purchases and a block trade. The current market value of Equinor's ...
Norway sets aside $3.3bn for floating wind subsidies The Norwegian government is continuing with its policies of developing more offshore wind with a proposal for NOK 35bn ($3.29bn) in subsidies for floating offshore wind in the Vestavind F and Vestavind B areas. The government proposes to put the $3.3bn in the national budget for 2025 and use it to subsidise floating wind in ...
Andriaki Shipping picks Panagiota Chrysanthi as new CEO Greek tanker operator Andriaki Shipping has appointed Capt. Panagiota Chrysanthi as the new CEO of the company. She started her career with the company in 1996 as a cadet and held positions leading up to her becoming the designated person ashore and quality, health, and safety manager. She was also responsible for the development and ...
Genco snaps up secondhand cape for $47.5m New York-listed bulker owner Genco Shipping & Trading has returned to the secondhand market with its first purchase this year. The Manhattan-based company has picked up an unnamed 2016-built capsize in a deal worth $47.5m, which will be financed with cash on hand and a drawdown from the company's revolving credit facility. The 180,000 dwt ...
TMS Cardiff Gas charters out newest addition to LNG carrier fleet Greek shipowner TMS Cardiff Gas has signed a multi-year deal to charter out its latest addition to the fleet, the 174,000 cu m Athos LNG. The George Economou-led company said on social media that the vessel was equipped with ME-GA propulsion, a shaft generator, and an air lubrication system and that it would be charted ...
TotalEnergies buys into RWE offshore wind projects in Germany French energy major TotalEnergies has struck a deal with German utility RWE to acquire a 50% stake in two offshore wind projects in the North Sea. The two projects, of 2 GW each are located 110 km off the German coast. In August, RWE secured the 25-year concessions for both projects, with the licenses extendable ...
Petrobras launches ROV support vessel tender Petrobras has approached the market with a tender for the chartering of ROV support vessels along with specialised technical services. Although the number of vessels has not been specified, two contracts are expected to be awarded, both with a firm duration of four years plus extension options. The tender, open for bids until October 11, ...
American port union doubles down on anti-automation rhetoric Last week's historic port strike across America's eastern seaboard might have been put on hold until a new president occupies the White House in the new year, but union bosses remain adamant that their demands must be met or further industrial action will be inevitable in 2025. The three-day port strike across the US east ...
Enbridge to build offshore pipelines for BP's Kaskida project Canadian energy company Enbridge will construct, own, and operate crude oil and natural gas pipelines in the US Gulf of Mexico for BP's Kaskida development. The pipeline, named the Canyon Oil Pipeline System, will be a combination of 24" and 26" pipe with a capacity of 200,000 barrels per day. It will originate in the ...
Russia claims latest ship target was delivering ammunition to Ukraine Russia's Defense Ministry showed footage (pictured below) of a Russian Iskander-M missile attacking a general cargo ship at the Ukrainian port of Yuzhny yesterday, a vessel Russian officials claimed was carrying ammunition from Europe. Footage shows the Saint Kitts and Nevis-flagged general cargo vessel suffering a direct strike with nearby videos showing a significant explosion. ...
Former MISC CEO takes over from Kishore Rajvanshy at Fleet Management The mystery surrounding one of shipmanagement's great succession sagas has come to a close today with Fleet Management announcing a very well-known name to take over the reins from founder, Kishore Rajvanshy. Captain Rajalingam Subramaniam, the former president and group CEO of Malaysian flagship MISC, will become Fleet's CEO on October 21, amidst planned 30th ...
Canada opens up Atlantic for offshore wind development Canada has put a bill into place to unlock Nova Scotia, Newfoundland, and Labrador's offshore wind potential. With the bill, called C-49, Canada hopes to generate thousands of jobs while attracting billions in investment and creating new economic opportunities in the two states. The country is looking to harness its great offshore wind resources in ...
Atlantica bolsters box fleet Borealis Maritime has sold the 12-year-old 3,600 teu Chopin to Norway's Atlantica Shipping with brokers indicating a price of around $24m including an 18-month charter at $20,000 per day. Last month, Splash reported on Atlantica's return to the container shipping sector. Three weeks ago, the company was reported buying the 4,600 teu Northern Power, since ...
IMO moves closer to carbon levy The Marine Environment Protection Committee (MEPC) meeting at the headquarters of the International Maritime Organization (IMO) concluded on Friday whittling the proposals for mid-term policy measures capable of driving an energy transition in international shipping down to just three options, with a likely greenhouse gas (GHG) reduction pathway selected next year. According to a readout ...
Average newbuild price in 2024 cracks $90m, 30% above previous high It has been a banner year for Asian shipbuilders with average prices for newbuilds hitting record highs. According to the latest data from Clarksons Research, the average newbuild price in 2024 has hit $90m, 30% above the previous high set in 2022, and far above the average levels across the last decade of closer to ...
D'Amico exercises option on another chartered-in MR Product tanker owner d'Amico International Shipping is pushing forward with its plans to exercise options on its chartered-in tonnage, and...
Crude tanker rates rise as Middle East tensions reach 'fever pitch' The Israel-Iran conflict and normal seasonality are boosting crude tanker rates across the board. The question ahead: How much higher...
Daily Briefing Ship queues fall after US ports reopen, limiting carrier rate upside | Shipping's talent shortage extends ashore | New Hong...
New Hong Kong shipping chamber seeks to reassert city's status as global maritime hub Capitalising on China's advantages in production capacity and using its industrial chains to provide clean energy and fuel for shipping...
The week in charts: Alliance reshuffle carries contrasting fortunes | Container rates sink further | Carbon price decision going down to the wire New alliance networks will bring sizeable new business for some ports and leave others missing out on lucrative loops, the...
Genco expands fleet with $47.5m capesize acquisition Genco Shipping has bought a 2016-built capesize for $47.5m. The acquisition, which comes against a backdrop of strong secondhand asset...
Gard holds on to top slot in P&I market share ranking 'P&I jungle' is 'full of dangerous and difficult issues', argues broker Tysers
Fires nearly out on burning Sounion Salvors boarded the stricken tanker in September once it was finally towed to safety more than three weeks after it...
Leadership change at Fleet Management as ex-MISC veteran steps in Former MISC chief executive Capt Rajalingam Subramaniam will take over the helm at Fleet, succeeding its long-serving managing director, Kishore...
MSC sells 38-year-old containership for recycling The sale of 1986-built containership by world's largest boxship operator brings total recycling sales in 2024 by MSC to 12...
Shipping's talent shortage extends ashore Industry leaders are worried who will replace them in the office, while they seek out seafarers able to work on...
Container volumes grow in August after flat couple of months The continued growth of Asia-North America trade has driven increases in box volumes across all the major container lines, although...
Newbuild investment to hit new highs in 2024 Driven by high newbuilding prices, the rise of green technologies and an evolving product mix, newbuilding investment value is expected...
The week in newbuildings: Tankers dominate ordering activity Newbuilding contracts for one chemical tanker, two crude oil tankers and 12 product tankers recorded in the past week. Meanwhile...
Türkiye's Arkas Bunker starts offering biodiesel Arkas becomes the first Turkish bunker supplier to offer biofuel-blended marine fuels following regulatory greenlight from the country's energy regulator
Russia hits cargoship with missile in Ukrainian port A St Kitts and Nevis-flagged cargoship was hit in the Ukrainian port of Yuzhnyy, near Odesa, overnight between October 5...
Despite tentative wage deal, USMX and ILA have bumpy road ahead on other key issues With the 62% wage increase being an unprecedented offer to the union, the USMX will be hard-pressed to give in on other key demands the ILA is making, sources say, especially as the offer merely reinforces the longstanding disconnect in the view of ocean carriers between high US port costs primarily driven by longshore labor, and low productivity.
Peak season surge drives up Cosco's estimated nine-month earnings Strong demand on the trans-Pacific and Asia-Europe trade lanes through a volatile third quarter has left the Chinese carrier on course for another highly profitable year.
US port strike, Europe congestion heralds trans-Atlantic capacity crunch Shippers on the trans-Atlantic will find space in short supply by the end of October with bottlenecks on both ends of the trade lane reducing capacity.
Intermodal underperforming in booming Mexico-US market Figuring out why growth in intermodal volumes between Mexico and the US is significantly lagging that of trucking demand will be crucial to unlocking one of intermodal's biggest growth opportunities, writes Journal of Commerce analyst Larry Gross.
Ports in the crosshairs as world's most powerful storm of the year churns Mighty Milton rapidly intensifies to rare Category 5 hurricane
'There will be more M&A,' says ship management veteran Carl Schou as he eyes retirement And smaller owners doing it themselves 'might be in for a surprise'
The other half: Pangaea Logistics buying out partner in ice-class bulkers Hudson Structured Capital helped when shipowner needed four ships, not two
Braemar head of handymax leaves to join Peter Livanos' DryLog Trading Move entails a change from shipbroking to freight trading for new recruit
Greece's first FSRU starts commercial operations after long delay Seapeak LNG carrier delivers initial shipment
D'Amico International Shipping snaps up product tanker at 'very attractive price' Italian owner continues to acquire leased fleet at advantageous prices
Automation battle may trump size of pay packets as shipping gets back in the ring with Harold Daggett The Center for American Strategy says automation could be a bigger issue than wages
K Line sets up marine survey venture after buying Wintermar PSV Japanese group teams with EGS for offshore wind farm work
Hafnia linked to sale of product tanker a whisker below its 2013 purchase price Fearnley Securities says reported fee for 2011-built ship a little below its estimates.
Bahri sells oldest VLCC and snaps up ultramax bulker, brokers say Saudi Arabian owner has been active in sale-and-purchase markets so far this year
Blaze on Greek tanker attacked by Houthis almost out after seven weeks of firefighting Delta Tankers' Sounion was carrying 1m barrels of Iraqi crude when it was attacked in Red Sea
Ship's officer fined after flying drone over Norwegian port Insurer Gard says shipowners should have guidelines in place over the use of drones
Genco Shipping splashes out $47.5m on capesize bulker in secondhand deal Acquisition closely follows a dust-up over size of New York owner
Russia's 'merchant of death' Viktor Bout denies links to Houthi arms cargoes Moscow also denies Wall Street Journal report of arms dealer's involvement in alleged shipments
'It could get hairy': What all-out war in the Middle East could mean for energy shipping Brokerage believes full-scale war would initially boost tanker rates and closure of Hormuz would be a disaster
Giants make Greece a springboard for third-party ship management Growing band of players plant flags in the world's biggest shipowning centre to offer services worldwide
Greek tanker firm Andriaki hires female captain Panagiota Chrysanthi as new CEO New chief rises through the ranks to head the traditional shipping company she began her career with
Norway's Atlantica Shipping accelerates return to container ship sector with Borealis buy Oslo-based owner bags a boxship from Borealis Maritime
Clarksons: Newbuilding investment of $155bn makes 2024 fourth-highest year on record Owners have returned to shipyards with a vengeance this year
Greek-managed ship hit in Ukraine rejects Russian claim it was carrying weapons General cargo vessel was fixed to load corn when it was struck in Yuzhny
Fearnley hikes VLCC asset values as smaller tankers and bulkers chopped Investment bank notes 'strong transactions' for VLCCs, but is more circumspect on other classes
Petredec Global VLGC tipped for $71.5m sale to LPG distributor Thai player renews its fleet with one of Petredec's oldest vessels
Former MISC boss to replace veteran Kishore Rajvanshy as CEO of Fleet Management Rajalingam Subramaniam's retirement did not last long as he takes on new leadership role at Fleet Management
Fleet Management hires ex-MISC boss Rajalingam Subramaniam as new CEO Rajalingam Subramaniam's retirement did not last long as he takes on new leadership role at Fleet Management
BW's Cadeler expanding board to add Lloyd's Register chair Thune Andersen World's biggest WTIV owner wants to increase number of directors to seven
Tufton Investment insiders splash cash on shares in shipping fund Principals and staff add to 4.9% holding in shipowner Tufton Oceanic Assets
Iranian VLCCs flee key oil export terminal ahead of feared Israeli attack Ship tracking data shows anchorage deserted at Iran's biggest crude export terminal
Irrepressible tanker broker Roger 'Lord' Hadden dies aged 82 'Amazing character' who had an unforgettable way with words
Greek bulker struck by Houthi missile in Red Sea 'accidentally', manager says Modion-managed panamax has since made it to the Gulf of Suez after being damaged in the strike
South African OSV operator OSC Marine buys compatriot operator 'Strategic acquisition' will boost fleet and services for the Cape-town based marine services company
Wan Hai Lines adopts biofuel as part of its journey towards carbon reduction goal The 2008-built Wan Hai 510 will be the liner company's first container ship to run on biofuel
South African OSV operator OSC Marine buys over compatriot operator 'Strategic acquisition' will boost fleet and services for the Cape-town based marine services company
TMS Cardiff Gas charters out newly built LNG carrier to Osaka Gas The 174,000-cbm LNG ship was ordered in 2022 for close to $231m
Climate activists light up IMO meet with anti-oil and LNG protest Ocean Rebellion stages eye-catching visuals as US academic report says LNG emissions worse than those of coal
Great minds: How Mads Peter Zacho and Lynn Loo are putting their heads together on ammonia fuelling Bunkering trials highlight the path ahead for ammonia as a marine fuel
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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