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FEBRUARY 13, 2024

CTL-BHP 2024 International Exposition & Conference all set for a grand opening tomorrow Trains being operated on completed sections of WDFC; EDFC is fully ready: Minister GTI welcomes maiden call of ME2 India-Mediterranean service Gateway Distriparks enhances its fleet capacity Dhamra LNG terminal utilises more than half of capacity Red Sea shipping traffic continues to decline AD Ports Group's Maqta Gateway in agreement to digitalise Jordan's maritime sector through Maqta Ayla CMA CGM to enhance its MEDCARIBE service connecting the Mediterranean with the Caribbean & Northwestern South America COSCO SHIPPING Lines (Morocco) SARL opens in Casablanca Maersk's greenhouse gas emissions targets validated by SBTi AMTOI celebrates 25 years with participation from key stakeholders; inks MoU with India-Netherlands Business Association APM Terminals Pipavav's standalone net profit rises 39% Adani Ports secures top position for its climate actions and environmental performance Manufacturing business sentiments remain positive: Survey

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FEBRUARY 13, 2024

Unorthodox approaches Trailer manufacturer relies on rail GXO picks sales expert A first for Santiago 366 m record breaker in Brazil Growing cargo business in Asia without freighters Bosch platform now available in Hungary EUR 11 million for green vehicles Trans-o-flex CEO retires A prime location for Primark DHL deploys hydrogen trucks in Germany Damen's dredger lands in Indonesia A new way to finance freight aircraft Targeting Southeast Asia's project cargo market "Curiosity of the Day" Spain's largest workwear hub New Renault to upgrade fleet Greener sailing on the Rhine

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FEBRUARY 12, 2024

Box lines being forced into costlier, longer-duration vessel charters Cyber threat, talent retention - worth risking it all? Surge in air cargo volumes sees flow into Dubai suspended for 48 hours Major delays in cross-border cargo flow after glitch in Mexican customs system ANALYSIS: First rays of optimism are shining on South Africa's struggling ports OceanX: From Japan's lessons to North China gloom (via Big Blue numbers) Port Louis congestion threatens South Africa exports to Asia Jeju Air looks to grow cargo business after flying back into the black To nose-load or not to nose-load, that's the question for cargo carriers Airfreight specialist Jeremy Daniel leaves Flexport after five years Jason Bergman named chief executive officer of Axis Global Logistics

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FEBRUARY 12, 2024

Maritime mourns loss of Angela Chao in a car accident The Foremost Group said today that its chair and CEO, Angela Chao, had died in a car accident this past weekend. The daughter of Foremost Group founder Dr. James S. C. Chao Houthis attack another Star Bulk vessel Don't say "whack a mole," but as has happened before, multiple strikes on Houthi targets in Yemen by U.S. Central Command between February 7 and 10, appeared to produce a two day VIDEO: Damen delivers first in new CSD600 cutter suction dredge series The Damen Dredging Equipment shipyard in Nijkerk, Netherlands, has completed the first in its new CSD600 series of cutter suction dredges. It is now on its way to an Indonesian customer, PT

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FEBRUARY 12, 2024

cargo-partner launches new FCL shipping solution from India to Benelux cargo-partner, a global logistics provider, has launched a new Full Container Load (FCL) offering connecting India to Benelux destinations, addressing the varied requirements of businesses importing goods to the Netherlands and Belgium. According to a statement, the newly introduced FCL service by the cargo-partner presents a competitive, secure, and streamlined shipping solution for full contain Fatal assault claims four lives at Greek shipping firm offices Reports indicate that a tragic incident unfolded at a Greek shipping company located in the southern Athens suburb of Glyfada on Monday, 12 February 2024. Four individuals lost their lives in an attack by a man, identified as a former employee of the company. The targeted company, European Navigation, boasts nearly fifty years of involvement in the Greek shipping sector, with a notable focus on t Seabound makes breakthrough with carbon capture tech on Hapag-Lloyd boxship Seabound, a pioneering company based in the United Kingdom specializing in carbon capture solutions tailored for the shipping sector, has achieved a significant milestone by successfully trialling its innovative carbon capture technology on a commercial container ship. "Our pilot project demonstrates that we can capture carbon emissions directly onboard ships simply and cost-effectively," stated Port of Antwerp-Bruges enhances bollard capacity at Noordzee Terminal The Port of Antwerp-Bruges has recently enhanced the bollard capacity at PSA Antwerp's Noordzee Terminal by upgrading four bollards from 150 tonnes to seven new 250-tonne bollards. This upgrade aims to minimize wasted space between vessels during docking. Dynamic mooring analysis revealed that the older bollards were at risk of overloading due to the increasing size of ships mooring at the termin Maersk introduces new digital solution for Air Freight booking Maersk said that its Air Freight solutions can now be easily booked on its website for 70,000 airport pairs across over 90 countries with instant pricing and an option to combine them with value-added services. The Danish company has launched a fully digital solution for customers willing to purchase air freight solutions. The new online solution available on Maersk's website provides customers w Peel Ports Group appoints new CFO Peel Ports Group announced the appointment of Jason Clark as its Chief Financial Officer (CFO). Jason Clark, who took over his new duties on 8 January, will oversee the Group's finance, legal, and IT functions, reporting directly to CEO Claudio Veritiero. He brings extensive experience to the role, with a career spanning 25 years in senior finance leadership positions within infrastructure compan

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FEBRUARY 12, 2024

Foremost Group CEO Angela Chao dies in car accident Angela Chao, the chief executive and chair of New York-based bulker owner Foremost Group, has passed away after a tragic car accident. Born in 1974 into a family with deep roots in the shipping industry, Chao was the youngest of the six daughters of James Chao, who founded Foremost Group with her mother, the late ... KNOT signs for more shuttle tankers in China Knutsen NYK Offshore Tankers (KNOT) has penned a new contract with Cosco Shipping Heavy Industry (Zhoushan) for up to four suezmax shuttle tanker newbuilds. The Haugesund-based joint venture set up in 2010 by Trygve Seglem's Knutsen and Japanese line Nippon Yusen Kaisha (NYK) has firmed up three 154,000 dwt units and secured an option for ... Four dead in shooting at Greek shipping firm Police and ambulances rushed to the offices of Karnessis family-controlled tanker owner European Navigation in Athens on Monday after a former employee shot three people dead before killing himself. The victims included Maria Karnessis, sister of the company's founder, Spyros Karnessis; managing director Antonios Vlassakis, the husband of Karnessis's other sister, Despina; and a former ... Reach Subsea charters vessel duo amid increased subsea market demand Norwegian offshore services player Reach Subsea has chartered the Northern Maria and Olympic Taurus in response to increased demand. For the Northern Survey-owned Northern Maria, the charter arrangement includes a three-year firm period and two six-month options. According to Reach Subsea, it is a survey vessel with a 20-tonne crane and sufficient accommodation and deck ... DOF wins installation deal for Baleine FPSO and FSO Norwegian offshore vessel owner DOF has been awarded a contract by Altera Infrastructure to install FPSO and FSO units for the Phase 2 development of the Eni-operated Baleine field offshore Ivory Coast. The project includes the complete installation of seabed mooring systems, flowline between the FSO and the FPSO along with associated equipment. DOF's contract ... BAR Technologies forms partnership to manage European WindWings sails production Marine engineering consultancy BAR Technologies has entered into a partnership agreement with floating offshore wind platforms provider Nervion Naval Offshore, to wholly manage and oversee the production of WindWings sails in Europe. The agreement with Nervion, a company owned by Amper Group and with factories in Ferrol and As Somozas in Spain, is the first ... BIMCO to create industry standard for offshore wind turbine contracts International shipping organisation BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines aimed at tackling the challenges faced by the growing sector. Work on the contract called WINDSEACON was initiated through a series of consultations with about 65 key market players, leading to ... Bulk carrier struck by Houthi missile A 20-year-old panamax bulk carrier belonging to NASDAQ-listed Star Bulk became the latest Houthi target today. The was shot at twice in the space of 20 minutes by missiles while transiting the Bab al Mandab strait in a southeast direction. AIS data from MarineTraffic shows the ship departed from Vila do Conde port in Brazil ... 2020 Bulkers sells newcastlemax pair for $127m Newcastlemax owner 2020 Bulkers has sold two 2019-built bulkers to an unaffiliated third party for a total consideration of $127.5m. The company said that it sold the Bulk Shanghai and Bulk Seoul, currently owned by Ocean Yield under a sale and leaseback arrangement. The company exercised its option with Ocean Yield to effectuate the sale. ... Borr Drilling bags $82m worth of jackup deals Tor Olav Trøim's Borr Drilling has been awarded more work for its jackup rig fleet worth about $82.2m in total, excluding mobilisation and demobilisation fees. The Oslo and New York-listed company has secured a two-month contract extension from BW Energy for the 2011-built premium rig Norve in Gabon, keeping the unit utilised through July 2024. ... ADES scores contract extensions for jackup trio in Egypt Saudi oil and gas driller Advanced Energy Services (ADES) has secured a contract extension for three of its jackup rigs operating offshore Egypt. Egypt's national oil company General Petroleum Co (GPC) has notified ADES of a two-year extension for the Admarine III and Admarine VI rigs, as well as a one-year extension for the Admarine ... Edda Wind offloads Edda Passat SOV Oslo-listed offshore wind service pure play Edda Wind has sold its service operation vessel (SOV) to an undisclosed buyer. Edda Wind conducted the sale through its subsidiary West Energy via a sale and purchase agreement regarding the sale of all outstanding shares in Puerto de Calella S.L., the registered owner of the vessel. According to ... Trident Energy terminates deal for Island Drilling semisub The contract for the rig, owned by Norwegian rig owner Island Drilling, has been terminated by Trident Energy over safety issues, putting the brakes on the Equatorial Guinea offshore drilling campaign. Trident Energy awarded the deal for the 2012-built semisub in September 2022. The rig was initially set to do two firm and five optional ... Live Animal Export: How not to export live animals A controversial livestock carrier has finally berthed at Fremantle today. Dr Lynn Simpson assesses how this ship's blighted voyage to the Middle East went so wrong. Third berthing a charm? Will the animals finally be allowed to get off this time? More importantly, can they stay off? The Bahijah has just tied up today in ... Capesize S&P deals dominate Investors in the cape market threw cash on the table last week before the Chinese New Year kicked in. More than 10 capes have been reported sold this month. Last Monday, Splash noted that New York-based Foremost sold two Shanghai Waigaoqiao Shipbuilding-built sisters, the 176,552-dwt non-scrubber fitted sisters Yue May and Guo May. Since then, container ... Series of ammonia-powered boxships under negotiation with selected yards A contract for a series of ammonia-powered containerships is in the offing. MB Shipbrokers, formerly known as Maersk Broker, is reporting that selected yards have been approached by an unidentified company for a series of post-panamax ammonia dual-fuel vessels. "With no ammonia fuel designs immediately ready, the project will likely to be on the drawing ... Environmental groups urge EU to include CII in ship risk profiling Several environmental groups sent an open letter to the EU Member States and Parliament on Monday urging the European Council and Parliament to include the International Maritime Organization's Carbon Intensity Indicator (CII) as a key part of the Port State Control Directive. The EU legislators will have their final negotiations on the EU's Port State ... India forecast to lead oil demand growth this decade India will surpass China as the largest source of oil demand growth in the world this decade, according to a new report from the International Energy Agency (IEA). India is currently the world's third largest oil importer and consumer behind China and the US. The IEA is forecasting that India's oil demand will grow 1.2m ...

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FEBRUARY 12, 2024

Angela Chao, Foremost Group chair and chief executive, dies in tragic car accident Foremost Group chair and chief executive Angela Chao has died in a car accident, the company said. She has led... Intermanager requests EU ETS clarification on bareboat charters Intermanager said EU amendments to allow bareboat charterers to assume ETS responsibility without being ISM managers would reduce the likelihood... Bauxite trade helps capes counter seasonality While an improved iron ore trade has helped capesize rates, continued strength in bauxite trades has been a more substantial... The week in charts: Red Sea ripples hit Israeli box ports | Greek exodus from Russia oil trades | Suez boxship passings show stability Mediterranean feeder services maintain Israeli port coverage as Red Sea blockade redirects trade, Greek shipowners leave lucrative Russian oil trades... IMO to tackle growing problem of fraudulent seafarer certificates The IMO looks to tackle the 'serious problem' of fraudulent seafarer certificates by creating a digital system to verify documents Second Star Bulk ship hit by Houthi attack in Red Sea A second Star Bulk ship was attacked with two missiles in the Red Sea, with the Houthis claiming to have... Leaked papers reveal inner workings of Iran's shadow oil trade Lloyd's List tracked just one of the many tankers mentioned in emails, invoices and documents leaked by the WikiIran website... Aggrieved shooter kills three at European Navigation offices Attack by disgruntled employee at offices of Karnessis family shipping company European Navigation shocks maritime community Netherlands' law firms offer legal services in 'ship arrest paradise' AKD, NautaDutilh, Van Traa and Hoek Advocatuur are among local lawyers targeting maritime industries and marine insurers IMO chief assured Greece will play leading role in net zero push 'Have belief in IMO' says Dominguez as EU transport official joins him in endorsing shipping's ability to deliver on green... The week in newbuildings: Tankers and gas carriers make up lion's share of new orders Furetank adds two intermediate product tankers to its existing orderbook, Capital Maritime pens dual-fuel LNG VLCCs, while NYK Stolt orders... Daily Briefing American Club culls 15 tankers accused of shipping Iranian oil from insured fleet | Ofac sanctions four companies and Sovcomflot...

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FEBRUARY 12, 2024

Zim debuts standalone express service between US Gulf and South America The carrier is looking to take part in the trade growth the US Gulf is enjoying with South America's largest economies that consume heavy quantities of US petrochemicals. MPV indices inch upward in February as capacity tightens amid route diversions Multipurpose/heavy-lift carriers share concerns over the uncertainty caused by geopolitical events but see longer-term promise thanks to the slow-moving green energy boom. Latest earnings put wind turbine manufacturers back in black Wind OEM earnings grew as the business environment improved and companies continued to work their way through low-margin projects that were booked before inflation and supply chain snarls hit the industry. Carriers resume Panama Canal transits on some services as disruption eases Highlighting how things have improved to some extent, Hapag-Lloyd said THE Alliance has restored transits through the canal on some of its trans-Pacific to US East Coast EC2 services.

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FEBRUARY 12, 2024

Eagle Bulk sets date for shareholder vote on Star Bulk merger Connecticut dry bulk player will also ask shareholders to cast ballots on executive compensation Safe Bulkers sheds oldest vessel in rolling fleet renewal Latest earnings show US-listed shipowner maintaining its course of pairing sales of older ships with newbuilding orders Angela Chao dies in car accident as Foremost Group mourns 'charismatic and visionary' leader Chao family and company mourn chief executive and chairman Navios Maritime sells kamsarmax as asset values rise for older bulkers Limited partnership has sold three elderly panamaxes since December What motivated triple shooting in Athens that stunned shipping and Greek society? Police investigate the motives behind former employee's shooting spree at Greek shipping company European Navigation Schoeller set to double its money on product tanker pair with $44m sale Two MRs acquired cheaply from Nordic Shipholding are resold for a profit Red Sea risks see reinsurers start to pull back key cover Skuld first to inform fixed premium clients of cancellation of cover in trouble area after reinsurance backers withdraw P&I clubs go slow on mergers as 'speed dating' stalls Clubs are watching the NorthStandard tie-up before being ready to commit ArcelorMittal shakes off post-panamax trio after snapping up modern capesize Steel and mining giant is said to have sold the three ships for about $44m in total Sanctions second to decarbonisation as shipping's biggest challenge, says NorthStandard There is work to be done, from pricing risk to developing liability conventions for alternative fuels Shippers welcome UK move to let liner shipping consortia exemptions expire Shippers applaud final decision of the UK watchdog not to extend liner shipping consortia regulation Vitol launches $1.8bn takeover bid for refiner and charterer Saras Trader and shipowner agrees deal with Moratti family for its holding in Sardinian products powerhouse Ambitious Japanese shipyard to expand newbuilding dock in low-emission order push Shin Kurushima wants to upgrade its facilities to build alternative-fuel ships World-leading Indian oil demand growth to fuel product tanker market, says Poten International Energy Agency predicts the South Asian giant to become the biggest source of oil demand growth this decade BAR Technologies forges second partnership to target wind sail retrofits Offshore wind expert Navion to build wing sail for European market Greek shipowner killed in Athens office shooting spree Seventy-year-old former employee broke into the offices of company in southern area of the city Divestment chatter fires SCI share price to record level Tanker and liner earnings weaken but Indian owner's market cap still on the up Greens urge Brussels to add CII to ship risk assessments Open letter urges European legislators to include carbon efficiency measure in the Port State Control Directive Greek special forces arrest captain and detain tanker after bizarre 'abduction' Egyptian captain of product tanker detained for 'snatching' two Filipinos and a Greek after an S&P deal went sour Six stranded Arc7 LNG newbuildings face sanctions scrutiny amid delivery moves Ownership change flagged up for the first former Sovcomflot vessel, but ships will need export licenses Houthis resume attacks against ships with two missiles fired at Star Bulk vessel No injuries or serious damage reported from strikes on the 76,500-dwt Star Iris (built 2006) Odfjell shares climb as Clarksons sees Red Sea earnings boost Broker raises share price target to NOK 190 from NOK 140 2020 Bulkers sells two newcastlemax vessels for $128m Oslo-listed owner to book gain of $40 million after transaction Sovcomflot tanker U-turns after US sanctions hit Ballasting NS Leader heads back to Mediterranean Sea after aborting voyage to Primorsk, data shows Second Star Bulk ship attacked in a week as Houthis resume terror campaign No injuries or serious damage reported from strikes on the 76,500-dwt Star Iris (built 2006) SSY hires senior financier from Braemar in Singapore shake-up A new addition to the finance team joins from rival shop Ukrainian tanker grounds for second time off UK port The Zapadnyy faces another grounding off Silloth after a similar incident eight years ago 'Surprising' lack of Red Sea boost for VLCCs and suezmaxes, says Gibsons Vessel and fleet size are key to understanding why rates have not spiked like clean tankers, UK shop says 'Last chance not to make trouble': How Iranian oil ring 'warned off' Thenamaris tanker US prosecutors say ex-oil minister complained about ship-to-ship transfer of Iranian crude off Oman Greek shipowner Sea Hawk steps into gas sector with secondhand and newbuilding move Deals are to be just the start of dynamic growth for the Kourtesis brothers firm Greece's M/Maritime buys ultramax as owned-fleet count reaches 17 ships John Mytilineos-backed bulker firm agrees to acquire vessel as fleet now fully Japanese-built Sanctions second to decarbonisation as shipping's biggest challenge, says NorthStardard There is work to be done, from pricing risk to developing liability conventions for alternative fuels KNOT orders up to four shuttle tanker newbuildings in China The Norwegian-Japanese joint company has returned to Cosco Heavy for more DP2 shuttle tankers

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FEBRUARY 12, 2024

Despite dim outlook, January imports grew at fastest pace in 7 years A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023's anemic performance. Air cargo growth to start 2024 less than meets the eye The air cargo market has certainly turned around from the depths of last summer, but the extraordinary increase in January volumes should be taken with a grain of salt. Conditions are improving, but short-term factors inflated the January numbers.