Container throughput up 8 pc at Major Ports in 2023-24
Maersk's new warehouse in Sri Lanka to strengthen integrated logistics solutions for customers
Organic chemical firms seek anti-dumping action on Chinese imports
CMA CGM Rate Restoration Initiative for cargo from North European & Mediterranean ports to US, Canada and Mexico ports and inland destinations
DGTR begins anti-dumping probe into insoluble sulphur imports from China, Japan
Kamarajar Port to become Cape compliant
Houthis attack British, US, Israeli ships
Adani TotalEnergies E-Mobility and MG Motor India sign MoU to strengthen EV ecosystem
SAIL, Rourkela Steel Plant flags off Liberalised Special Freight Train Operator (LSFTO) rake for cost-efficient, eco-friendly and better transport logistics
Indian Register of Shipping commences celebrations as it enters 50th year
X-Press Feeders signs MoU with six European ports for green shipping corridors
India to operate Sittwe port in Myanmar
Air cargo continues to show strong growth this year
Etihad Cargo boosts capacity with new Boston service
IndiGo & Malaysia Airlines ink MoU for codeshare partnership
Open sky policy for foreign cargo carriers reviewed: DGCA
Exporters face spike in air freight rates due to Red Sea crisis
Del Toro reiterates call for new investment in U.S. shipyards "Over the past forty years, America's maritime shipbuilding capabilities and capacity have atrophied," said Secretary of the Navy Carlos Del Toro, in a keynote speech at a Navy League Sea Air Space
Hapag-Lloyd in largest yet ship-to-ship bio-LNG bunkering Titan Clean Fuels has successfully bunkered the Hapag-Lloyd containership Brussels Express with 2,200 tonnes of bio-LNG. Believed to be the largest yet ship-to-ship bioLNG bunkering, the operation marked Hapag-Lloyd's entry into using
NCLH plans to build eight new ships at Fincantieri Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) yesterday unveiled the biggest newbuild program in its history. It has placed an order with Fincantieri for four new next-generation cruise ships: two for its
Liberian Registry earns QUALSHIP 21 for 2024-2025 The Liberian Registry, recognized as the world's largest shipping registry, has once again qualified for the QUALSHIP 21 (QS21) program for 2024-2025 as awarded by the United States Coast Guard (USCG). This acknowledgment highlights the Registry's steadfast dedication to maintaining exceptional standards within the maritime sector. The QS21 initiative recognizes both vessels and flag administrati
Baltimore bridge collapse has not triggered rate increase The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates. Data released on 8 April by Xeneta, the ocean freight rate benchmarking and intelligence platform, reveals average spot rates from the Far East into the US North East Coast (including Baltimore) have f
Pros and Cons of Face-to-face Classes Face-to-face instruction, often known as conventional classroom settings, has long been seen as a crucial component of formal education. It involves bringing students and teachers together in physical classrooms for lectures, group discussions, and interactive activities. Although in-person instruction has numerous benefits over online options, this article will cover both, enabling you to make w
How to Get Your Homework Done if You Don't Want to When you're feeling uninspired or overwhelmed, it might be challenging to find the drive to do your schoolwork, but putting off doing it will just make it take longer and cause more stress. Fortunately, there are a number of tactics you may use if an assignment seems too difficult for you to complete; all you have to do is do your homework, no matter how uninspired or daunting it may seem! Unders
New cranes to enhance Greece's Perama Ship Repair Zone in Piraeus Two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus in Greece on 5 April. In the next few days, they will be unloaded and installed at positions 1 and 2 within the Perama Ship Repair Zone, according to the Piraeus Port Authority (PPA). The cranes are equipped with a lifting capacity of 40 tons each and are expected to reshape service offerings within the s
Port of Gothenburg commences works on fairway deepening project The 8th of April marked a significant milestone for the Port of Gothenburg as ground was broken for the Skandia Gateway project. This project, aimed at reinforcing the quay and deepening the fairway, has been in the Swedish port's planning stages for over a decade, enhancing its capacity to serve the country's export and import industries. Excavation and diving works had already commenced unoffic
CMA CGM vessel restarts voyage after stalling near New York bridge One of CMA CGM's ships has been finally permitted to resume its voyage, after suffering a loss of propulsion just outside the port of New York in the United States. The 2012-built, 10,000 TEU APL Qingdao, which the French carrier deploys on an Asia-US East Coast service, stalled near Verrazzano-Narrows Bridge outside New York port around 9 pm local time on 5 April, evoking memories of Baltimore's
Maersk announces fresh surcharges from Indonesia, Malaysia and Singapore to Africa Danish shipping company Maersk has announced updated and new peak season surcharges from Indonesia, Malaysia and Singapore to several African destinations. Maersk will increase its Peak Season Surcharge (PSS) for shipments from Indonesia, Malaysia and Singapore to Gambia for all container types from 15 April, as follows: Charge Code Origin Destination Charge Basis Container Levels Peak Season Sur
Kuehne+Nagel "streamlines" repoting structure worldwide The Board of Directors of Kuehne+Nagel International AG has approved a new direct reporting of the country organisations. "This change sets the course for further efficiency gains and profitable growth," pointed out the company in a statement. Kuehne+Nagel said, "By simplifying responsibilities, the new structure will enable Kuehne+Nagel's business and functional units to sharpen their strategy i
PIL establishes new office in East Africa Pacific International Lines (PIL) opened its branch office in Rwanda on 5 April, with PIL (RWANDA) Limited appointed as the company's agent in the country. "Customers can look forward to benefitting from an expanded PIL network, including intermodal solutions into Rwanda, with our newly-established presence in the country," said PIL in its announcement. The address of PIL's office in Rwanda, and
Hapag-Lloyd takes largest ship-to-ship LBM delivery in Rotterdam Titan Clean Fuels, a major supplier of liquefied natural gas (LNG) and liquefied biomethane (LBM) to maritime clients, along with STX Group, a global leader in environmental commodities trading and climate solutions, have announced the successful completion of a ship-to-ship bunkering operation. This involved delivering 2,200 metric tons of LBM to a Hapag-Lloyd container vessel in the port of Rot
Wallenius Wilhelmsen signs US$1 billion deal with premium car segment global player The Norwegian/Swedish shipping company Wallenius Wilhelmsen recently signed a multi-year contract with a major firm in the premium car segment, valued at more than US$1 billion over three years, covering both shipping and logistics services, as well as the use of biofuel. The agreement has a duration of three years, plus a mutual two-year extension option. The contract started between January and
ZIM overtakes Yang Ming in global liner rankings Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan. ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over Yang Ming to 9th spot in the global carrier rankings. Source: Alphaliner ZI
Prince Rupert Port appoints two new directors The Prince Rupert Port Authority (PRPA) has announced updates to its Board of Directors. The appointment of Hilary Cassady has been confirmed by Pablo Rodriguez, Minister of Transport for the Government of Canada. Additionally, Lee Brain has been confirmed for the appointment by the City of Prince Rupert and the District of Port Edward. Moreover, Cassady joins the board as a User Appointee, selec
Seacon offloads modern MR1 product tanker in $36m deal with Union Maritime Hong Kong-listed Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The 2022 Fujian Mawei-built Golden Lavender has fetched $36m, with ship pricing platform VesselsValue estimating the 34,827 dwt unit at about $32.9m. Seacon said it would first buy the vessel out of ...
Höegh Autoliners closes $920m financing Norway's Höegh Autoliners has secured $920m in new financing for newbuilds, secondhand purchases, repayment of existing debt and bolstering liquidity. The Oslo-listed operator of around 40 car carriers said it had recently struck a deal with eight lenders for a six-year $720m fleet facility with reduced rates. An amount of $350m has already been drawn, ...
Star Bulk and Eagle Bulk complete merger Dry bulk heavyweights Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have officially combined in an all-stock deal, creating the world's largest publicly-listed bulker owner. The combined company will operate as Star Bulk Carriers, be headquartered in Athens, and led by Petros Pappas. Under the deal, each Eagle shareholder received 2.6211 shares of ...
Borr Drilling bags nearly $160m worth of jackup deals Tor Olav Trøim-backed jackup rig player Borr Drilling has won new contracts worth a total of $158.6m. The Oslo-and New York-listed company has secured a combined utilisation of 820 days for the 2013-built Prospector 1, the 2018-built Gunnlod and another rig yet to be determined. The Prospector 1, which has been working for Neptune Energy ...
Bourbon signs for six newbuilds French offshore vessel owner and services provider Bourbon is set to expand its fleet with six crew transfer vessel newbuilds booked at compatriot yard. Piriou shipyards has been contracted to deliver the new surfer-type vessels in 2025 which will add to Bourbon's fleet operating in West Africa. The 27-m-long newbuilds will be able to carry ...
Bordelon Marine renews Jones Act vessel deal with Oceaneering US-based OSV owner and operator Bordelon Marine has sealed a new charter agreement with compatriot offshore engineering and services firm Oceaneering for the Jones Act-compliant ultra-light intervention vessel (ULIV) Brandon Bordelon. The Louisiana-based company said the charter had commenced in March this year and will see the 2015-built vessel fixed for an additional two years, ...
Russia forced to import fuel with up to 20% of its refining capacity knocked out A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia's refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly daring raids by Ukrainian drones. The 20% estimate is a significant jump from last week's 15% estimate from NATO and comes as ...
American investor takes aim at Euronav again with new legal action An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant's shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void all transactions agreed by Euronav's supervisory board and ...
Wallenius Wilhelmsen nets $1bn deal in premium car segment Oslo-listed car carrier operator Wallenius Wilhelmsen has revealed another lucrative multi-year contract. The new deal, worth more than $1bn, has been struck with one of the leading players in premium car brands to cover both shipping and logistics services, as well as the use of biofuel. The contract, which does not name the client, has ...
'Compelling' tanker orderbook augurs well for rates through to 2026 The "compelling" tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data from Greece's Xclusiv Shipbrokers tanker fleet growth will be just 0.02% in 2024, 1.7% next ...
Thai PM calls for Bangkok Port to be relocated Bangkok Port is to be relocated. Srettha Thavisin, Thailand's prime minister, has vowed to regenerate the area along the Chao Phraya River in Klong Toey district where the port is currently based. He also said the decision to relocate the port would benefit local citizens from a drop in pollution, both from ships and the ...
ZIM climbs the liner rankings There's been a shuffling of the global liner rankings with Israeli carrier ZIM leaping above Taiwan's Yang Ming. Consultancy Linerlytica reports that with the recent delivery of the 15,248 teu ZIM Mount Vinson, the Israeli carrier now has a larger operating capacity than Yang Ming, moving from 10th to ninth in the global rankings. ZIM ...
VLCC owner dilemma: Buy assets at the peak or let fleets keep ageing Hopes for future VLCC rate upside in light of a compelling supply side thesis are being weighed against very high...
Navigator Gas completes first ship-to-ship transfer of ammonia 'Completing this ship-to-ship transfer demonstrates the practical feasibility of ammonia bunkering and is an important step in supporting and driving...
IMO carbon pricing rules could face WTO challenge An IMO carbon pricing tool could face challenges under World Trade Organisation rules, but good design will lessen the chance of...
More warships needed if trade returns to Red Sea, says Rear Admiral The operational area of EUNAVFOR in the Middle East is twice the size of the EU's land mass and is...
Attica sells stake in Moroccan joint venture to Stena for €49m Swedish group's buyout of Greek partner in Morocco-Spain service follows a transfer of the majority stake in joint venture from...
Large shippers showing more interest in emission-reducing fuels Maersk shipped more than half a million teu through its low-carbon services in 2023. But at the smaller end of...
Seacon sells tanker to Union Maritime for $36m Hong Kong-listed shipmanager said the vessel sale is in line with its strategy of portfolio optimisation
Canada's CSL Group acquires 50% of Norwegian dry bulk operator Peak World's largest owner and operator of self-discharging vessels CSL takes joint share in Norwegian bulker operator to create new partnership, Peak...
Resilient US economy continues to buoy container shipping demand America's economy remains a relative bright spot for container shipping demand. US imports held firm at healthy levels in March...
Gearbulk orders up to four bulkers from Chinese shipyard The joint venture G2 Ocean expects up to eight open-hatch newbuildings from Chinese shipbuilder Huangpu Wenchong, ordered by its two...
Daily Briefing No major east coast fallout from Baltimore container blockage | South Korea vows to double container fleet capacity by 2030...
Lineage Logistics links US, Canadian cold storage networks with new service A cross-border temperature-controlled truckload and LTL service will connect key facilities in the company's North American cold-chain distribution network.
US retailers make big upgrade in H1 import forecast amid carrier capacity boost Ocean carriers have signaled their belief that US consumer buying will remain strong into the second half of the year by announcing the launch or restart of 11 services involving the trans-Pacific and north-south trades.
Norfolk Southern ends East Palestine litigation with $600 million settlement The railroad also revealed it expects its second-quarter revenue to be impacted by $50 million to $100 million due to the closure of the Port of Baltimore following the collapse of the Francis Scott Key Bridge.
Slow uptake of green shipping services, but momentum building: Maersk While the carrier is celebrating a large increase in volume transported under its low-emission services, the substantial cost of alternative fuels compared to conventional bunkers remains a hurdle to the wider cargo-owning market.
Nearly a decade after its first nibble, Hafnia sinks teeth into the Big Apple Mikael Skov-led company is bigger and bolder after sustained bull run in clean product tanker market
Star Bulk retains key executives and a board member as it closes book on Eagle takeover New York-listed shipowner closes book on merger with addition of Connecticut company's stable of ultramaxes and supramaxes
MSC's rampant buying spree is pushing up charter rates and asset values Unrelenting grab for market share sees Swiss owner raid market for container ship trio
Ship fire claims spike to highest in a decade as larger vessels add to risks Norway's Cefor reports first $50m+ claims for a decade
Pay-as-you-save financing could turbocharge shipping's adoption of green retrofits Singapore-based Global Centre for Maritime Decarbonisation believes the model has the potential to plug the data-financing gap
Maritime-focused venture capital fund reaps rewards in Singapore Motion Ventures launched in 2021 and is already earning a return on investment
Tanker owner Mansimov fails in bid to overturn $240m payment order to Socar Court in Malta backs UK ruling in row over failed joint venture
EU naval chief: Extra warships needed in Red Sea to defend shipping from Houthi rocket attacks Greek head of Aspides mission says protection operation could expand to cover wider area if merchant presence grows
OSM Thome teams up with US newcomer SMG to boost cruise operations European and US managers cooperating on ocean and river services
Union Maritime expands board with promotion of operating and finance chiefs Matt Enston and Michael Kotsapas step up to become directors at Laurent Cadji-run shipowner
Norwegian Cruise Line books largest newbuilding order in its history with eight-ship deal US-listed cruise line is teaming up with Italian shipbuilder Fincantieri in 10-year project
'Evolution': Union Maritime expands board with promotion of operating and finance chiefs Matt Brooks and Michael Kotsapas step up to become directors at Laurent Cadji-run shipowner
DFDS buys transport network worth $280m from Turkish player Danish ferry owner will connect Turkey to its Mediterranean network
'More dramatic on the outside': Norden chief executive digests flurry of high-profile staff exits Departures bring 'opportunities' for others in the organisation, Jan Rindbo tells TradeWinds
Newbuildings likely as bulker player CSL buys 50% of Norwegian shipowner Peak Group Canadian shipowner strikes cooperation deal on shortsea operations
Four modern VLCCs hit the sales block to spark tanker owner feeding frenzy South Korean owner invites offers in rare instance of fresh tonnage coming to market
Thenamaris linked to $106m product tanker resale acquisition in China Modern tonnage dominates slowing tanker transactions amid multiyear-high prices
Hapag-Lloyd fuels up boxship with biggest bio-LNG bunkering to date Titan Clean Fuels and STX Group claim landmark ship-to-ship supply in Port of Rotterdam
Norwegian credit fund bets on shipping amid $2.8bn high-yield bond flurry Sissener fund boosted shipping bond holdings after buying Ocean Yield and Shearwater
Monjasa adapts to volatility as it wins long-term contacts for expanded tanker fleet Bunker and tanker company was able to match supply to demand as ships re-routed around South Africa
Maersk Tankers doubles up on VLAC newbuildings at HD Hyundai Samho Danish giant paying almost $117m per ship as it goes ahead with four more vessels
Norden commercial chief Christian Vinther Christensen joins exodus at Danish giant Commercial role will be split between two wet and dry executives
Kongsberg Digital pumps cash into Clipper Group spin-off to accelerate digital shift Clipper Group performance software spin-off Coach Solutions looks to increase market share as competition increases
'Major investment': Bourbon renews fleet with six newbuildings at French shipyard French shipowner aims to cut fuel consumption by 20%
Veteran Jens Mahnke takes helm at historic German shipbroker Frachtcontor Junge Ship finance and shipbroking veteran is returning to his roots as successor to managing director Jens Christian Nielsen
2020 Bulkers springs special dividend to hand vessel sale profits to investors Newcastlemax owner has also refinanced a term loan to cut its daily breakeven rates
CMA CGM container ship 'suffers loss of propulsion' near New York's longest bridge Incident north of Verrazzano-Narrows Bridge comes less than two weeks after Baltimore crash
JP Morgan tipped for $270m Equinor charters for new methanol-fuelled product tankers Investors linked to US bank said to have scooped big deal, but question marks have been placed over profitability
Newbuildings likely as bulker player CSL buys 50% of Peak Group Canadian shipowner strikes cooperation deal on shortsea operations
Wallenius Wilhelmsen strikes $1b deal with 'premium car' player Car carrier owner has secured deals worth $2.8bn in the past months
Hunter $5,000 per day in the black after getting hands on second VLCC Investor reveals healthy margin for its tanker charter play
US fund widens fight against Saverys deals to Fredriksen, Frontline and Euronav New York's FourWorld starts fresh legal bid to quash transactions that took place to end shareholder deadlock
BW Group-backed Hafnia boosts dividend payout as it starts trading in New York CEO sees good balance between shareholder value, debt repayments and future investments
'Whacking great price': Kristian Siem's Subsea 7 believed to have bolstered fleet with eye-catching purchase Giant oil and gas contracting company adds to fleet as contracts keep coming in
Hoegh Autoliners nets $920m from eight banks to mark major refinancing Oslo-listed car carrier will finance six vessels and existing bank debt
Pay-as-you-save financing could turbocharge shipping's adoption of green retrofits - Singapore Special Report Singapore-based Global Centre for Maritime Decarbonisation believes the model has the potential to plug the data-financing gap
Tanker newcomer Singfar inks aframax debut with LNG dual-fuel newbuildings Chinese shipyards said to be seeking more than $68m for an LNG dual-fuel aframax tanker
NCL books largest newbuilding order in its history with eight-ship deal US-listed cruise line is teaming up with Italian shipbuilder Fincantieri in 10-year project
Maritime-focused venture capital fund reaps rewards in Singapore - Singapore Special Report Motion Ventures launched in 2021 and is already earning a return on investment
Tanker newcomer Singfar International inks aframax debut with LNG dual-fuel newbuildings Chinese shipyards said to be seeking more than $68m for an LNG dual-fuel aframax tanker
Ocean freight rates steady despite Baltimore bridge collapse Xeneta data reveals that ocean spot rates have not reacted significantly to the Baltimore bridge collapse, despite the disruption to supply chains on the East Coast.
Flow of trade always prevails As disruption after disruption throws transportation leaders for a loop, how are we still able to keep supply chains moving?
ABX Air pilots choose cooperation over confrontation The pilots union at ABX Air, a large contract carrier for DHL, is taking a novel approach toward labor relations by promoting the company at industry trade shows.
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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