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OCTOBER 14, 2024

Sinolines launches direct CIW service connecting China & West Coast India with maiden vessel call at BMCT Cargo Shop 2024 - Shippers & LSP Forum in Vadodara this week to be a power-packed conference with eminent participation Merchandise trade recovering despite widening regional conflicts & increasing policy uncertainty: Outlook DPA registers significant growth in cargo volumes in H1; achieves multiple handling records India's GDP raised to 7 pc in FY25: World Bank Auto component exports seen at $100 bn by 2030 CMA CGM Group opens a new state-of-the-art inland depot in Mundra OOCL's revenues and liftings up in Q3 and nine months Govt mulls using own funds as preliminary investment for establishing P&I entity Visakhapatnam Port Authority re-introducing Penal Berth Hire Charges First management agreement for autonomous ships approved

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OCTOBER 14, 2024

Another gateway to Asia Allcargo welcomes global finance director Quicker and greener transports to Turkey Designing an X-plane with FIW technology VCT upgrades cargo handling with new MHCs More efficiency through digitalisation Schenker to open semiconductor site IAPH 2024 sustainability awards are out Name change to unify Transworld's global presence Finalising new Basa arrangements "Curiosity of the Day" ADL gets three green trucks Adding in Austria Seacube bolsters its board of directors Bringing a Skytrain back home

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OCTOBER 11, 2024

Spot rates ex-Asia still falling, despite USEC congestion, with more blanks Air cargo spot rates hit 2024 peak, while Vietnam becomes a hotspot GXO Logistics takeover talk - scent of box line interest US retailers look to consumers to save an industrial sector in the doldrums Automated postcard from Hamburg Ban on overtime at port of Montreal a threat to supply chains, says MPA Close price gap between fossil fuel and going green, urges Maersk CCO Amazon set to expand its subcontinent footprint with India Post deal South African court blocks ICTSI-Transnet Durban deal Challenge Group sources new aircraft as Jet's 777s remain elusive Watch BIFA on the box Menzies Aviation shakes up Americas leadership team Hellmann's Denis de Farias Duarte takes on Fraport cargo role a

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OCTOBER 11, 2024

Hurtigruten releases new Sea Zero details Norwegian cruise line Hurtigruten has released updated plans for its Sea Zero project, the zero-emission cruise ship scheduled to debut in 2030. Using large batteries, sails, and other innovative solutions, the ship

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OCTOBER 11, 2024

Is Strait of Malacca at Risk from Supply Chain Weaponization? Recent disruptions in the Red Sea have highlighted the significant challenges facing the global shipping industry in maintaining operational stability. Meanwhile, the Strait of Malacca is increasingly exposed to vulnerabilities stemming from geopolitical tensions, military conflicts, piracy, and the impacts of climate change. This strategic chokepoint facilitates about 30% of global trade, provid Singapore, Shandong sign agreement to create Green and Digital Shipping Corridor Maritime and Port Authority of Singapore (MPA) and China's Shandong Provincial Transport Department signed a memorandum of understanding (MoU) on 9 October to establish the Singapore - Shandong Green and Digital Shipping Corridor (GDSC). Teo Eng Dih, Chief Executive of MPA, and Gao Hongyan, Deputy Director of Shandong Provincial Transport Department, signed the MoU at the 25th Singapore - Shandon New ZMPC cranes boost Port of Gioia Tauro container handling capabilities Four new ship-to-shore cranes have arrived at the Port of Gioia Tauro, with two more expected by the end of the month. The new equipment is provided by the Chinese port equipment manufacturer ZMPC. In the first nine months of 2024, container traffic at the Italian port rose by 10.4%. Following the addition of six new ship-to-shore cranes in November 2019 and three more in February 2023, the port San Pedro Bay Ports achieve record reduction levels of GHG emissions Pacific Merchant Shipping Association (PMSA), an independent, not-for-profit association representing terminal owners & operators and ocean carriers operating on the United States West Coast, reported significant air quality improvements at the ports of Long Beach and Los Angeles in 2023. PMSA said this is a result of maritime industry efforts, according to two new Emissions Inventories, Port of 2M Alliance announces blank sailings on Transpacific services 2M Alliance of Maersk and MSC has announced several blank sailings on its Transpacific services due to the ongoing congestion at ports across the US East Coast caused by the recent East and Gulf Coast port work stoppage. The two companies have published the following blank sailings: Asia to US East Coast Service Vessel / Voyage Voyage First Port / Proforma ETD TP11/Elephant Maersk Sydney 443W Lae Songfa to acquire affiliated Hengli Heavy Industries Shanghai-listed Guangdong Songfa Ceramics, part of the wider Hengli conglomerate, has announced it will buy a stake in Hengli affiliate and shipbuilder Hengli Heavy Industries, according to the latest DynaLiners report. It is important to note that this yard has recently received a letter of intent from the world's largest container carrier MSC for ten 21,000 TEU LNG-fuelled vessels. According to Newbuild Vessels: Fleet Expansion or Renewal for Leading Container Lines? While the boxship newbuilding orderbook is now close to 25% of the active fleet, several liner operators still have a good number of elderly vessels in their fleet, leaving room for renewal, according to Alphaliner. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeare COSCO, ONE enhance their Middle East-Indian Sub offerings Two of the largest container lines have announced changes in their intra-Middle East/Indian Subcontinent service networks. Towards the end of October, Ocean Network Express (ONE) will enhance its offerings by incorporating slots from Global Feeder Shipping's Colombo China Gulf service, while, Cosco Shipping Lines announced the launch of OUX service. The services are set to fortify shipping links Middle East Turmoil: Recent developments, oil production fears, and global shipping impacts As geopolitical tensions continue to escalate in the Middle East, concerns are mounting over potential disruptions to oil production and their far-reaching effects on global shipping. Recent developments have heightened fears of attacks on critical energy infrastructure, raising alarm bells in markets already grappling with volatility. This article delves into the latest events in the region, the The Complete Guide to Hiring an Injury Attorney for Maximum Compensation When you're injured due to someone else's negligence, the aftermath can feel overwhelming. Medical bills pile up, missed work can put a strain on your finances, and the pain from the injury itself only adds to the stress. During this challenging time, hiring an injury attorney can be a key step toward ensuring you receive the compensation you deserve. However, finding the right attorney and under Yangpu Port and Abu Dhabi Terminal strengthen their relations The Management Committee of Yangpu Economic Development Zone, in collaboration with Abu Dhabi Ports Group, CSP Abu Dhabi Terminal, and Hainan Harbor & Shipping International Port Co., Ltd., entered a new chapter of cooperation by signing a Memorandum of Understanding (MoU). The partners aim to accelerate the connectivity between the sister ports of Yangpu Port and Abu Dhabi Terminal. This initiat Hapag-Lloyd announces new US$1,000 PSS from Asia to Africa key ports Hamburg-based ocean carrier Hapag-Lloyd has announced a new peak season surcharge (PSS) for shipments from Asia to Kenya's Mombasa port and Tanzania's Dar es Salaam port. The US$1,000/TEU surcharge will be applicable to all equipment types and will be effective from 24 October until further notice. If you liked this post, please consider donating The post appeared first on Container News . How Red Sea Tensions Are Redefining Global Trade Routes As geopolitical tensions escalate around the Red Sea, several ports have benefitted from the rerouting of the vessels, gaining traction, while others have seen their container volumes shrink due to the continuing Houthi attacks. 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 Contai Prodevelop launches Georgia's National Maritime Single Window Prodevelop, in partnership with Hamburg Port Consulting (HPC) and Plisk Consulting, has announced the successful implementation and launch of Georgia's National Maritime Single Window (MSW). This digital platform, developed and executed by Prodevelop, represents a significant stride in modernizing Georgia's maritime operations, fostering transparency and interagency collaboration, and securing it

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OCTOBER 11, 2024

Renexia awards floating wind farm FEED to Mingyang Italian renewable energy firm Renexia has signed a deal with China's Mingyang for FEED work on the 2.8GW Med Wind floating wind farm 80 km off the coast of Sicily. Mingyang has been selected to power the wind farm with 18MW MySE turbines, for which integrated load analysis has already begun and whose prototype is already ... 37 businesses probed by UK over Russian oil ties British marine service providers are coming under greater scrutiny for their dealings with Russian oil, with major reports carried this week by both the Financial Times and the BBC. The BBC, the UK's state-run broadcaster, is reporting today that the government is investigating 37 UK-linked businesses including a number of marine insurers for potentially breaking ... ExxonMobil inks largest US offshore carbon capture lease Energy supermajor ExxonMobil has signed a lease for the US's largest offshore CO2 storage lease with Texas regulators. The company said the over 1,096 sq km site complements the onshore CO2 storage portfolio ExxonMobil is developing. The terms of the agreement will directly benefit the Texas Permanent School Fund. This will enhance education for Texas ... MEO Group teams up with Korean cable firm on offshore wind projects Singapore-based MEO Group has signed a memorandum of understanding (MoU) with South Korea-based cables and solutions provider Taihan Cable & Solution. The agreement was signed during the Singapore-Korea Business Forum. Under the conditions of the MoU, the two companies will collaborate on offshore wind projects, especially in South Korea. The two will conduct activities by ... ADNOC L&S venture firms up $250m ammonia carrier options AW Shipping, a joint venture of ADNOC Logistics & Services (ADNOC L&S) and China's Wanhua Chemical Group, has firmed up orders for two more very large ammonia carriers (VLACs) at China's Jiangnan Shipyard. The contracts, inked in Abu Dhabi to mark an opening for Jiangnan Shipyard's first office in the Middle East, are for optional ... Shell signs for 10 product tankers in China Shell has tapped the Chinese newbuilding market for MR2 product tankers worth around $480m. Shipbuilding sources have placed the UK supermajor behind a deal for ten 50,000 dwt newbuilds worth $48m each at CSSC Guangzhou Shipyard International (GSI). The conventionally-fuelled ships are expected to enter service between 2027 and 2028. The deal follows on from ... Historic drought across Amazon basin stymies grain exports A historic drought across the Amazon basin is stymying grain exports this year. Water levels along many key Brazilian rivers are at the lowest levels since records began in 1950. Yesterday, local port operator Amport said that grains transport through the Tapajos waterway has come to a halt thanks to the dry conditions and will ... MOL adds to LNG dual-fuel VLCC orderbook Japan's Mitsui OSk Lines (MOL) has lifted its LNG dual-fuelled VLCC order tally in China. Multiple shipbroking sources have reported that the Tokyo-based shipping giant has contracted two additional 309,000 dwt newbuilds at Dalian COSCO KHI Ship Engineering (DACKS) for nearly $300m. The largest shipping company in Japan in dwt terms is listed with more ... Bangladesh's Meghna Group faces money laundering probe Bangladesh's Anti-Corruption Commission (ACC) and the Criminal Investigation Department (CID) have started investigating accusations of money laundering by the Meghna Group, according to multiple reports from Dhaka. Meghna is one of the largest Bangladeshi industrial conglomerates involved in chemicals, cement, consumer products, real estate, insurance, securities, and utilities. The group also h The roaring twenties and volatility I've recently started prepping for a panel I will be moderating later this month at the Monaco Yacht Club, and I could do with your help. The session is entitled The Big Issues with the preamble stating: "The days of simple supply/demand forecasting are over. Geopolitics and climate disruption have made forecasts near impossible." The ...

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OCTOBER 11, 2024

US broadens Iran targeting as it sanctions dozens of 'ghost fleet' tankers and companies The US has announced its most aggressive round of Iran sanctions in years, targeting 39 tankers and companies in response... Panama Canal ends fiscal year 2024 with 29% plunge in total transits Ship transits through the Panama Canal were flat in September versus August, as the waterway continued to handle fewer vessels... Daily Briefing Black Sea war risk rates heading north after Russian attacks | The lessons of Panama Canal drought for future shipping... Will it take a 'Prestige' moment to tackle the dark fleet threat? The dark fleet poses a threat to shipping safety, but it may take a big, messy and very public European... New Hong Kong shipping chamber's success could test China's continued trade leadership Its future success may serve as a test to whether China can continue its economic miracle and to lead global... Bab el Mandeb and Suez transits hit fresh lows in September International efforts to degrade the Houthis' capabilities and to protect maritime trade have failed to deter the militant group's attacks... UK strengthens sanctions regulator as scrutiny of maritime sector intensifies UK government vows it is 'resolutely committed' to strengthening the sanctions regime as it launches a new unit armed with... BV ready to push class society boundaries with decarbonisation drive Major class society Bureau Veritas is to continue diversifying its business by benefiting from key areas like decarbonisation, digitalisation, as... Black Sea war risk rates heading north after Russian attacks Insurers fear there might be a deliberate shift toward targeting merchant vessels Lack of multi-stakeholder forum for decarbonisation leaves shipping adrift Malta Maritime Summit hears that progress towards developing alternative fuels has been slower than hoped-for and transition remains a 'risky... The Lloyd's List Podcast: Why are we still talking about diversity? Wista International president Elpi Petraki, International Chamber of Shipping secretary-general Guy Platten and IMO secretary-general Arsenio Dominguez all feature on... Capacity overspill prompts further box rate erosion Latest spot prices show persistence of downward trend over the last three months, as overstretched supply suggests little turn in... Secondhand ship sales fall as gap between values and earnings widens Enquiries for secondhand ships remain high. However, market uncertainties and sellers' resistance to cutting prices are affecting the number of... Wista at 50: Has the diversity debate really moved on? As shipping continues to lag behind other sectors in terms of diversity in the boardroom, the sense of exhaustion at... Optionality seen helping future fuels pricing challenges The rapid emergence of alternative fuels has led to an increasingly complex market with an overload of information and opaque... Adnoc L&S joint venture exercises option for two more VLACs at Jiangnan Shipyard Jiangnan Shipyard opens its first Middle East office in Abu Dhabi to explore opportunities in the regional market Long-term offtake contracts among challenges to alternative fuel adoption The sums and commitment terms required are giving many pause for thought New risk landscape emerging for shipping Shipping has a reputation for resilience in the face of adversity. But some fundamental challenges in its future could test...

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OCTOBER 11, 2024

Hurricanes not seen as truckload pricing catalyst despite relief demand As damage from Helene and Milton is being tallied, logistics experts say the storms won't do much to accelerate spot and contract truckload pricing in the long term. DP World postpones planned announcement of London Gateway expansion The move comes after two UK government officials sharply criticized the March 2022 mass layoffs at DP World subsidiary P&O Ferries while launching new legislation to protect seafarer rights. Strike surcharges disappear as spot rates for US West, East coasts near parity Carriers began pulling the charges shortly after the end of the strike was announced last week, while pressure to do so came even earlier from Transportation Secretary Pete Buttigieg. Behind-the-scenes White House arm twisting got ILA wage deal done Some have speculated that specific issues were raised that persuaded at least some of the carrier group CEOs to direct their representatives on the USMX to boost their offer of a pay increase. Port Tampa Bay effectively shut due to power outage in aftermath of Milton Port officials say their facilities did not experience widespread flooding but are still being affected by power issues, adding that port tenants will make independent decisions on when to resume their operations. Lack of clarity over clean energy supply driving dual-fuel ship orders Ocean carriers are trying to balance huge investment in their orderbooks with a lack of certainty over the availability of green fuels and a slow-moving regulatory regime critical to support shipping's net-zero transition.

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OCTOBER 11, 2024

US expands sanctions on Iran after attack on Israel and goes after country's 'ghost fleet' Another 17 vessels added to Treasury's list of blocked vessels, while State Department targets six VLCC spot indices post four-day decline even as Onassis group scores rate uptick Middle East fixtures drive earnings down from Monday's peak Analysis: Shipping could go for blue fuels before green as US infrastructure gives leg up Combining carbon capture with fossil fuels comes at a fraction of the cost of green fuels Shipping customers wanted: Navigator-backed ammonia start-up hunts for contracts in marine sector Ten08 volumes could send gas carrier owner into fleet expansion Wavelength podcast: Examining the US and UK funding plans for shipping's transition RightShip boss talks about an age drop for ship inspections and Maersk ponders the chaos if Houthi attacks stop European Energy Exchange picks up Baltic's LNG and dry futures contracts Doubling of LNG fleet and growing production and demand creating more appetite for products to hedge risk Russian master acquitted by court after sanctions trial French detained ro-ro in the days after the invasion of Ukraine amid ownership questions Russian missile victim AK Shipping defies Moscow in return to Ukraine Shipowner hits out at Moscow's claims that cargo vessel carried weapons into Ukraine Green Yard Kleven wins gas support ship order from south-east Europe's biggest producer OMV Petrom signs up for field vessel to operate at Romania's first deepwater offshore project Shipbroker Gibson puts faith in Ed Romer-Lee as new head of crude tankers Experienced former Ocean Shipbrokers and Braemar man to mirror Jin Li's Asian role west of Suez Fire strikes small German-owned tanker in Baltic Sea Firefighting crews respond to ship backed by gas station owner Car carrier owners tip market to stay in top gear despite EU tariffs on China Additional taxes on Chinese electric vehicles can't temper owner enthusiasm Alba Tankers hires M&A specialist Eskil Bielefeldt as chairman Danish owner and manager expands board due to ever-increasing demands of running a shipping company 'If you stay still, you will hit a wall': Polys Hajioannou talks succession, future fuels and shipping investment risk CEO Polys Hajioannou tells Wista conference his daughter and son may lead the company one day Anthony Veder claims gas vessel first with fitting of two wind sails to ethylene carrier Dutch shipowner expects fuel savings of about 5%, with the potential of more than 10% UK oil price cap probes top 50 and still no fines for Russia-linked activity Fresh release of data shows investigations are increasing over suspected oil sanctions breaches Alba Tankers hires M&A specialist Eskil Bielefeld as chairman Danish owner and manager expands board due to ever-increasing demands of running a shipping company Wilh Wilhelmsen increases stake in Hyundai Glovis shareholder Treasure Move follows underwhelming offer to mop up Treasure's minority investors in 2023 Anthony Veder claims gas carrier first with fitting of two wind sails to ethylene carrier Company anticipate fuel savings of around 5%, with the potential of more than 10% Ferry giant Grimaldi newbuilding spend to top $4.5bn as Italian owner targets next tranche Prospective $1.5bn order for nine ropaxes to lift bookings tally to 36 vessels Shadow tanker catastrophe fears: Oil spill could cost Asian nations $1.6bn, new report warns Campaign group says catastrophic event involving a shadow tanker is likely to happen Ship carrying forest-threatening invasive moths nabbed in US port Unnamed vessel had arrived from Vietnam with invasive insect hitching a lift, according to customs TotalEnergies finally confirms LNG bunker vessel newbuilding charter French major joins list of companies piling into or beefing up presence in emerging sector Western Bulk cull to cut $3m in costs as Atlantic market 'push' falls flat Bulker operator says impact will be felt from next year as new chief executive makes his mark Serial Greek buyer Marios Gialozoglou clears out ageing product tanker to China Following a string of MR acquisitions, IMS is offloading one of its oldest ships BW LPG fleet boss Knut-Helge Knutsen pockets $381,000 from share sale VLGC owner's vice president was awarded stock options as part of a 2022 incentive scheme Maersk warns of shipping green fuel dilemma as shortage swings to oversupply Regulators urged to agree robust levy system to ensure proper backing for green fuels Seafarers arrested after four tonnes of cocaine found on Turkish cargo ship Spanish and French customs intercepted the Ras off Canary Islands Isle of Man flag adds big Berge Bulk newbuildings Singapore shipowner returns to one of its favoured registers for its newbuildings OSM Thome boss Finn Amund Norbye open to more deals after pulling off ship management's biggest merger But he explains that repeating something like last year's major tie-up is hard to do Scarcity of FSRUs driving up asset values in changed world, Greek broker says Allied Shipbroking notes lack of new regasification tonnage as demand grows How should ship design adapt to cope with severe weather? Class society modifications of wave height data in ship design confuse naval architects Jiangnan Shipyard inks VLAC order as it celebrates opening of Abu Dhabi office Adnoc joint venture gives first CSSC yard group to open outside China cause to celebrate In pictures: Womar celebrates 15th anniversary on board a luxury tall ship Floating venue docked in Singapore proves to be a popular drawcard The big picture: Ship managers look outside maritime to diversify operations Bosses tell TradeWinds that some things are more important than expansion through buying rivals

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OCTOBER 11, 2024

Boeing to sunset 767 freighter program, slow 777X rollout amid strike Boeing is scaling back production plans for the 767 and next-gen 777-X freighters, which could create a shortage of widebody cargo aircraft later this decade.