Prism Logistics excels in SODC transportation project for Panipat refinery
AILBIEA's 23rd anniversary function sees thoughtful insights and renewed commitment to advancing the interests of the liquid bulk trade
Salient features of the "Scheme for Incentives to Promote the Utilization of Inland Waterways Transport (IWT) Sector by Cargo owners and for starting Scheduled Services for Cargo Movement on NW-1, NW-2 via IBP Route and NW-16"
NHAI introduces performance assessment rating system for concessionaires
Economy can grow by 7 pc in H2, says CEA
Interoperability seen as key to unlocking shipping's digital potential
APSEZ takes over container handling operations at Syama Prasad Mookerjee Port's NS Dock
Coal output up by 7.2 pc in Nov.
Baltic Exchange Market Report (6 December 2024)
Post-monsoon maintenance dredging to be carried out at Mumbai Port's Indira Docks
India slaps anti-dumping duty on solar glass from China, Vietnam
India firm on staying out of RCEP: Goyal
Looming threat of tariff wars could impact container shipping next year; shippers called on to carefully consider their options
Ocean Master: Fast ferry delivered fast Austal Philippines has delivered a 32-meter Incat Crowther designed catamaran to Australia's Rottnest Fast Ferries, less than twelve months after commencing construction at its Balamban, Cebu, shipyard. The vessel, the Ocean Master,
Wallenius Maritime carries out wind tunnel tests for world's first sail-powered PCTC Sweden's Wallenius Marine is getting nearer to achieving its goal of building the world's first wind-powered PCTC (pure car and truck carrier). It is now conducting advanced wind tunnel tests to confirm
Haivanship expands into northern Vietnam with two new Konecranes equipment Leading Vietnamese maritime logistics operator Haivanship (HVS) is strengthening its capabilities with the addition of two Lloyd-certified Generation 6 Konecranes Gottwald ESP.9B cranes on barges. The first order was placed in the third quarter and the second in the fourth quarter of the year with both cranes scheduled for delivery by the end of 2025. Currently, HVS supports coal transshipment op
Developments at Matadi Port place DR Congo on global container shipping map The recent inauguration of Rubavu port in Rwanda highlights ongoing developments in the neighboring Democratic Republic of Congo (DRC) and its port of Matadi. 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 .
Weekly Analysis of Container Shipping Stocks The first week of December brought mixed fortunes for container shipping stocks, reflecting broader market uncertainties amid fluctuating freight rates, muted global trade recovery, and geopolitical developments. As companies face pressure from sluggish consumer demand and unpredictable trade flows, this week's stock movements highlight key trends and investor sentiment. Below is a breakdown of i
MARAD awards US$5 million to boost marine highway projects The U.S. Maritime Administration (MARAD) has awarded US$4.85 million in grants to five marine highway projects in Louisiana, Puerto Rico, Washington, and West Virginia through the United States Marine Highway Program (USMHP). This funding aims to enhance waterborne freight services, alleviate landside congestion, and improve the surface transportation system by leveraging navigable waterways. "Th
Piraeus Port conducts emergency drill on spillage incidents response at Cruise Terminal Piraeus Port Authority (PPA) conducted its annual emergency drill at the central facilities of the Greek port, specifically at the Cruise Terminal, simulating a marine and land spillage incident. The primary objective of the drill was to update knowledge and skills on the appropriate specialized experience of both the competent personnel of PPA and the port users, for the effective activation and
OOCL unveils OOCL Iris: Next-Gen 16,828 TEU Smart Vessel Orient Overseas Container Line (OOCL) introduced its newest 16,828 TEU container vessel, OOCL Iris, marking a significant milestone as the second of ten 16,000 TEU vessels ordered by OOCL and the first delivered by Nantong COSCO KHI Ship Engineering (NACKS). The vessel's name, "Iris," carries a dual significance, symbolizing both the flower and OOCL's proprietary IT innovation, the Integrated Reg
Car carrier moored in Malacca Strait after fire incident A Malaysian car carrier remains anchored in the Malacca Strait after a fire onboard resulted in the evacuation of its 19-man crew on 2 December. Malaysia Star, typically deployed to transport refurbished second-hand vehicles within Asia, suffered a fire around its fuel tank. Malaysian Maritime Enforcement Agency (MMEA), Malaysia's coast guard, was alerted to the incident around 8.40 am (local tim
Hambantota Port boosts container operations with US$41 million crane upgrade The Hambantota International Port Group (HIPG) has announced a transformative investment of US$41 million to enhance its operational capacity with cutting-edge crane technology. Scheduled to be fully operational by January 2025, this upgrade includes the installation of four Quay Cranes (QCs) and 13 Rubber-Tyred Gantry Cranes (RTGs) at the Sri Lankan port, boosting its container handling capacity
Dimerco: Tighter capacity and higher rates fuelled by tariffs The first indications that a surge in freight may occur came from Drewry's today when the consultant's WCI composite index showed global, week-on-week, rates rising 6%. 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 .
Höegh Autoliners inks five-year deal with major global car manufacturer Höegh Autoliners has entered into a five-year agreement with a prominent international car manufacturer, whose identity has not been revealed, for the transportation of significant volumes of cars along two of the company's core trade routes. Shipments under this contract are set to begin on 1 January 2025. With the signing of this contract, Höegh Autoliners has secured long-term agreements over
Four new Konecranes electric RTGs to improve Koper port operations Luka Koper in Slovenia's Port of Koper has ordered four Konecranes electric Rubber-Tired Gantry (RTG) cranes to replace old machines in its container yard. The order was booked in the third quarter of 2024, with hand-over scheduled for the first quarter of 2025 at the latest. Koper also has plans to construct a new quayside and container yard with additional storage space. The Konecranes electric
Geodis announces two key appointments Geodis, a global transport and logistics provider, has announced two significant leadership appointments within its management team. Eric Martin-Neuville has been named Executive Vice-President for Asia-Pacific & Middle East, while Henri Le Gouis has been appointed Executive Vice-President for Global Freight Forwarding. Both will continue to serve as members of the Geodis Group's Management Board
Unveiling Gdynia Port's Background: NATO Concerns and Chinese Investments in Focus Amidst growing geopolitical tensions and strategic maneuverings within Europe, Gdynia Port emerges as a focal point of international concern. 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 .
Global trade set to reach new high of US$33 trillion in 2024 Global trade is set to reach a record US$33 trillion in 2024, according to UNCTAD, translating to a 3.3% annual growth or a US$1 trillion increase. Robust growth in services trade, up 7% for the year, accounted for half of the expansion, while goods trade rose 2% but remained below its 2022 peak, said UNCTAD in a release. According to the report, developing economies, traditionally strong drivers
Premier Alliance updates Asia-Transpacific West Coast network and announces maiden voyages Premier Alliance, including HMM, Wan Hai and Ocean Network Express (ONE), has announced adjustments to its Asia-Transpacific West Coast service network. The PS5 and PN4 services will be postponed to May 2025, according to the alliance partners, which noted that before PS5 and PN4 start in May, they will enhance service coverage with additional port calls on PS4, PS6, and PN3. Below there are the
Maersk implements updated PSS from China to Philippines Maersk will adjust the Peak Season Surcharge (PSS) rates for both dry and reefer containers departing from North China and East China ports and heading to the Philippines. Effective from 1 January 2025, the PSS rates for the ports of Batangas and Subic will be as follows: Origin Destination Effective Dates Container Type Currency New tariff levels Qingdao, Xingang, Dalian and North China area Nin
Maqta Gateway unveils rebrand AD Ports Group, a global leader in trade, logistics, and industry, has announced the rebranding of Maqta Gateway to Maqta Technologies Group. This transformation reflects the company's strategic focus on digitalizing global trade through innovation, collaboration, and investment. Maqta Technologies Group will consolidate AD Ports Group's Digital Cluster capabilities under a unified master brand,
CMA CGM applies Panama Canal Transit Surcharge from Far East to US East Coast & US Gulf The Panama Canal Authority has introduced a new booking reservation system, the Long-Term Slot Allocation (LoTSA), to regulate canal crossing reservations. This system, which will take effect on 1 January 2025, has significantly increased operational costs for CMA CGM. To offset these additional costs while continuing to provide reliable services transiting through the Panama Canal, CMA CGM will
Port of Singapore: Resilient leader in maritime trade, yet vulnerable to global shifts The Port of Singapore plays a pivotal role in global maritime trade, strategically positioned at the crossroads of the Strait of Malacca, where its operational efficiency and connectivity underscore its significance. 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 .
CMA CGM introduces congestion surcharge in Gambia French ocean carrier CMA CGM has announced the implementation of a port congestion surcharge (PCS) at Gambia's port of Banjul. The surcharge will take effect from 15 December and will apply to cargo originating from the Far East, including China, Hong Kong & Macau SAR, North East Asia, and South East Asia, and destined for Banjul, Gambia. The surcharge will be applicable only to dry cargo and has
Höegh Autoliners secures new five-year car shipping deal Norwegian car carrier player Höegh Autoliners has inked a new five-year contract for the transport of a significant volume of cars. The client was not revealed but was described as a 'major international car producer'. The transport of the vehicles, according to the company, will be done in two of its core trade lanes and ...
Study finds dramatic GHG cuts brought by improved port optimisation A new study by London's UCL Energy Institute and shipping decarbonisation consultancy UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting times could reduce voyage emissions by up to 25% for some vessel types. The average potential emissions saving for the voyages is approximately ...
Babylon Navigation swoops for vintage Great Eastern suezmax Babylon Navigation is one of many fast-growing vintage tanker players located in the United Arab Emirates. The owner has emerged as the taker of a ship sold by Great Eastern, tabling $33m for the 2005-built suezmax Jag Lalit. The vessel has now been named Liliana and is the largest ship in the Babylon Navigation fleet. ...
Crew abandon ship in the Red Sea The crew of the Isa Star general cargo ship were forced to evacuate ship yesterday after a fire broke out in the vessel's engine room. The ship was close to Yemen in the Red Sea when the fire broke out, but initial reports suggest this was an engine room fire followed by flooding, not an ...
Petrofac awards offshore service deal to Tanjung Offshore Malaysian contractor Tanjung Offshore, part of T7 Global, has been awarded a contract by energy services company Petrofac for the provision of pan-Malaysia maintenance, construction, and modification work as well as hook-up and commissioning services. The contract is firmed up following a letter of award Tanjung Offshore won on October 30 this year. The deal ...
TGS wins 3D streamer work in Southern Atlantic Oslo-listed seismic data specialist TGS has won a large 3D streamer contract in the Southern Atlantic. The company said in an Oslo Bors filing that the acquisition is scheduled to begin in the fourth quarter of this year and that the contract has a duration of approximately 140 days. According to TGS, the comprehensive seismic ...
Shadow VLCCs lined up for demolition Changes are afoot in the Iranian-linked VLCC fleet with just over six weeks until Donald Trump is sworn in as the 47th president of the US. Splash reported on further sanctions aimed at Iran's tanker fleet earlier this week, as well as news that China has started to ease imports of Iranian oil. Now broker ...
Northern Ocean rig gets more work in Norway Northern Ocean, a semisub rig spin-off of Northern Drilling, has won a contract in Norway for its Deepsea Bollsta rig with an undisclosed client. The contract is expected to commence in the second quarter of 2025, immediately after the rig has mobilised for operations on the Norwegian Continental Shelf. The contract has an estimated firm duration of ...
Denmark's offshore wind tender attracts zero bids Denmark's offshore wind ambitions have taken a heavy hit after the first part of the 6GW tender in the North Sea failed to attract any bids. The deadline for bidding on the first 3 GW of Denmark's 6 GW offshore wind tendering procedure expired on Thursday. The Danish Energy Agency has not received bids for ...
Global trade set to hit record $33trn this year Global trade is on track to hit a record $33trn in 2024, according to the latest data from UNCTAD, the United Nations' trade body. This 3.3% annual growth has been driven largely by a 7% rise in trade in services, contributing $500bn to the overall expansion. Trade in goods has grown at a slower 2% ...
FMC investigating Spanish government over alleged banning of US-flagged vessels The FMC is investigating whether Spain's refusal to let 'certain vessels, including US-flagged vessels', call at its ports resulted in...
What went wrong for VLCCs in 2024 - and what could go right in 2025 Analysts speaking during the Breakwave Day annual forum conducted a post-mortem on the disappointing year for VLCCs and gave their...
Optimising port calls could cut some ships' emissions by up to 25% A study of port emissions from ships waiting between 2018-2022 found significant opportunities for emissions cuts, but highlighted the need...
No container rate upside yet from strike prep or tariff frontloading The Shanghai Containerised Freight Index is up again this week. European rate strength remains the driver, with transpacific rates continuing...
LNG the cheapest way to comply with FuelEU, says DNV Fossil LNG could offer a ship a lifetime of compliance with the incoming FuelEU Maritime regulation, with gas the cheapest...
Russia manipulating all navigational data in Kerch Strait area Disruption is so severe that no vessels operating in the immediate area are transmitting reliable information for weeks at a...
Lloyd's List Outlook Forum: shipping's superior talking shop From geopolitics to climate change and sanctions, this year's Lloyd's List Outlook Forum focused on the big issues
The Odd Couple: NorthStandard and Noord Nederlandsche insist partnership is win-win Tie-up between International Group giant and local minnow designed to benefit both sides
Upturn in crude tanker recycling expected as sanctions start to bite While no VLCCs have been recycled since 2022, shipbroker Braemar reports that two shadow fleet VLCCs are being circulated for...
Top 10 in regulation 2024 The failure of green initiatives, abandonment of national climate goals and continued confusion over future fuels in 2024 rammed home...
Indian ports strike looms as agreement implementation falters The strike planned for late August was postponed after a meeting where an agreement was reached to address the unions'...
Top 10 in ship finance 2024 Bocomm Leasing, led by Xu Bin, is aiming for the top position among global ship financiers, driven by record-high leasing...
Top 10 maritime lawyers 2024 Even now, most shipping contracts specify dispute resolution under English law, but the US and Asia are also home to...
The Daily View: Next year is critical Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Wan Hai and ONE join forces on China-US west coast trade Launch of the new service underlines Wan Hai's strategy to expand its footprint on the competitive transpacific trade
Daily Briefing Bad guys will keep doing bad things on sanctions, Lloyd's List Forum told | IMO can resolve owner-charterer impasse, says...
FMC halts Premier Alliance start for more information The Federal Maritime Commission said that it needs more information about the new grouping of ocean carriers known as the Premier Alliance before the vessel-sharing agreement can begin in February on US trades.
North America trade to dominate Premier Alliance's network launch in February The Asia-North America trade will be featured on 13 of the initial 24 services inaugurated by the ONE-HMM-Yang Ming partnership.
Trans-Pac settles into sedate December before New Year's uncertainties The extensive frontloading of imports that occurred this fall will keep cargo volumes modest this month, but the vagaries of labor negotiations and new tariffs threaten to disrupt the market in short order.
Air freight users forced to better manage heavily imbalanced market Air cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers.
High demand leads to end-of-year surge in Asia-Europe ocean rates Strong bookings out of Asia require more capacity than carriers can provide, according to Hapag-Lloyd, which is having the predictable impact on prices.
Analysis: What will Trump 2.0 do about the Houthi menace to shipping? Opinions differ among Middle East and security experts on what the next president should do
Torstein Hagen leapfrogs 1,800 billionaires on Forbes rich list Viking shares approach double the price of April initial public offering
Wavelength podcast: More naval vessels to the Red Sea, please, and MAN's ME-GA issue Plus, Hagen's Viking Holding bonanza and Storebrand's shipping stock tips
Owners circulating shadow fleet VLCCs for demolition as sanctions put Chinese imports under pressure Is bubble bursting for older tankers as Braemar tips more scrapping ahead?
Joakim Hannisdahl's Gersemi fund shorted CoolCo stock after predicting dividend cut Investor also went long on Avance Gas in volatile month for shipping
John T Essberger boss Sven Schwarz quits after less than a year German shipowner CEO is looking for fresh challenges
Kpler analyst throws cold water on Donald Trump-Iran VLCC story Internal Opec+ politics could keep other members from grabbing vacated Iranian market share
Japan becomes latest P&I club to hike premium Japanese mutual last of the 12-strong International Group to report plans after a year of rising claims
Former Braemar newbuilding boss Jona Desselberger clocks on at Clarksons London-listed group says experienced German broker has joined as newbuilding managing director
Petredec sells control of ship operator Carib LPG to co-founding Lewis family Trenco also involved in the deal that will see control pass from Singapore VLGC owner
'Deep crisis': Fresh secret bathroom filming victims of Norwegian shipping executive emerge John Anders Lindtveit Rose faces more charges after admitting indecent behaviour during Arendalsuka economic gathering
EGAS inks New Fortress FSRU deal as Egypt bolsters natural gas infrastructure Regas unit serving Jordan due to shift over in the second half 2025
Italian anti-mafia investigators could be unleashed to expose shadow fleet shipowners, report urges Specialist European police could be employed to peel back layers of ownership, US think tank says
'Very scary': Master reveals how crew saved JP Morgan tanker bombed by Houthis Avhilash Rawat and his team have received bravery award from the IMO
'We don't insure sanctioned ships,' insists blacklisted Russian insurer Ingosstrakh Ingosstrakh says it cancelled coverage for more than 100 ships since 2020
Greek aframax carrying Venezuelan oil for Eni in Italy as exports rise Green Aura heading to Sarroch with licenced cargo of crude
Hoegh Autoliners boosts backlog with eye-watering rates Contract renegotiations result in renewals longer than four years
Fire-ravaged Greek tanker transfers crude three months after Houthi missile attack Sounion has been emptied of its cargo at Suez anchorage
Lithuania gets its Independence as Hoegh Evi hands over FSRU State-run KN Energies takes over ownership of 'front-line' asset in country's pursuit of energy independence
'Very scary': Master reveals how crew saved JPMorgan tanker bombed by Houthis Avhilash Rawat and his team have received bravery award from the IMO
Idan Ofer rakes in $120m as he takes Zim stake below 10% Kenon Holdings discloses 'forward sales transaction' with unidentified bank
Lithuania gets its Independence as Hoegh Evi hands over FSRU to Lithuania State run KN Energies takes over ownership of 'frontline' asset in country's pursuit of energy independence
Dry ice and a blast from the past: How ex-DNV boss Henrik Madsen hopes to disrupt new carbon markets Henrik Madsen set to ship dry ice to Iceland to demonstrate viability
Shippers urge longshore union, employers to resume contract talks As a January deadline nears, a coalition of exporters and importers calls on East Coast port employers and their longshore union to resume bargaining on a new contract.
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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