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APRIL 16, 2024

Pentagon Freight makes strategic investment in Pentafox Technologies US condemns Iran's seizure of MSC Aries GDP seen growing at 7 pc in FY25: ADB Nepal seeks Customs agreement to curb border trade offences Some vehicle exports dip in FY24 EU tanker tonne mile demand up as vessels increasingly sail via Cape of Good Hope 'Pratap's Amazing Musicians' - 'Unveiling the Unheard' Indian real estate expected to reach $1.5 tn by 2034; driving 10.5% of economic output: Report Overall exports marginally up in 2023-24 Govt asks pulses importers to use rupee-kyat system with Myanmar CONCOR physical volumes - Q4 and Fy Rethinking reefer logistics at Rotterdam port: Shifting from road to water via 'cool corridor' Inconsistency seems the only constant on Transatlantic fronthaul: Analysis Exports to Europe seen impacted due to Iran-Israel conflict Indian Register of Shipping announces technology hire at senior management Singapore retains top spot in Leading Maritime Cities Report 2024 China's exports down in March

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APRIL 16, 2024

Ambrogio intermodal buys 50 railcars Hong Kong again tops the busiest cargo airports Smartlynx appoints deputy CEO A Parisian forum for sustainable logistics Geis wins gold and silver Safety of seafarers a paramount concern A new mindset for the charter business PMSA president retires after 29 years Maersk expands to Sri Lanka Upgrading truck stops for tired truckies Optimising cargo operations in Budapest Demand for immediate release of "MSC Aries" First converted e-freighter makes its debut "Curiosity of the Day" Prizes for design in the transport sector Complementing Canadian ship construction 500,000 freight wagons to be refitted "M.V. Jamno" rings in this year's shipping season

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APRIL 15, 2024

Urgent call for breakdown of cargo onboard as General Average declared on Dali HMM leads as South Korea embarks on state-backed box fleet expansion OceanX: 'Geo shrapnel' hits shipping as Kuehne makes waves Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker It's all politics: Cosco-backed Peru port project at risk Bottlenecks and price hikes as airlines now avoid Iran airspace Iran may now pose a threat to multimodal supply chains via Dubai Flexport is 'back on track' - now it needs to start growing again

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APRIL 15, 2024

CBO: New LSM medium landing ships would cost two to three times more than Navy estimates Back in January, Naval Sea Systems Command issued the Navy's initial Request For Proposals (RFP) for the detail design and construction (DD&C) of six landing ship medium (LSM) ships. Now it appears VIDEO: Seatrium AmFELS launches first U.S.-built WTIV Virginia power utility Dominion Energy reports that its Coastal Virginia Offshore Wind (CVOW) project has marked two milestones. In the first of these, its Jones Act compliant wind turbine installation vessel (WTIV) VIDEO: Iran seizes Israeli-linked MSC Aries With two of its ships having previously been attacked by Houthi missiles, with one of them, the MSC Sky II, receiving damage, Mediterranean Shipping Corporation must be aware of the dangers of

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APRIL 15, 2024

Bangladeshi hijacked ship, crew released from Somalia The hijacked Bangladeshi ship Abdullah and its crew were released from Somalia in the early hours of Sunday after US$5 million was paid as ransom. The ship is now returning to the United Arab Emirates, before the crew members fly to Bangladesh, to meet their nearest and dearest ones who have been anxiously waiting for them since the ship was hijacked on 12 March in the Indian Ocean by a group of BICT offers connectivity to North Africa and Spain through MSC vessels Batumi International Container Terminal (BICT), a business unit of International Container Terminal Services, Inc. (ICTSI), located at the Port of Batumi in Georgia, will soon provide improved connectivity to North Africa and Spain through the enhanced Batumi - Gioia Tauro service by Mediterranean Shipping Company (MSC), commencing in mid-April. MSC's upgraded service will include weekly calls to Escalating Middle East tensions trigger projected surge in war risk premiums and freight rates In a significant escalation of tensions in the Middle East, Iran's capture of the MSC Aries, a container ship linked to Israel, has reverberated throughout the maritime industry. This development, occurring before the missile attacks on Saturday, 13 April 2024, underscores the deepening conflict in the region. Believed to be in response to an Israeli raid on the Iranian consulate in Syria, the ca Subrosa Group launches maritime security division Subrosa Group (SRG) announced the inauguration of its latest division, SRG Maritime Security, dedicated to providing top-tier security services worldwide to the commercial shipping and offshore industries, private vessels, and superyachts. Led by Niall Burns, CEO of SRG, whose career in specialist security spans more than 24 years, starting in the UK Military's Royal Marines and later as a member How to Test Drive a Car Before Buying: Best Practices for Prestigious Cars Test driving a car is a fundamental step you cannot skip when buying the car. Other than the fact that it lets you inspect the car's interior, it also allows you to get a feel for its driving characteristics and comfort level first-hand. And it doesn't even matter whether you're working with a prestige elite car rental company or any ordinary common car rental service. Having the opportunity to t Israeli violence ratchets up Middle East threat levels as Iran responds Events over the weekend of the 13-14 April have seen rising tensions soar as Iran's pre-publicised action in retaliation to Israel's Syrian consulate attack took place hours after an MSC ship was hijacked by the Iranian Republican Guard. Hours before Iran launched a massive and widespread attack on Israel for the first time, Iranian forces boarded the 15,000 TEU MSC Aries and forced the ship and Political strikes disrupt Helsinki port's container traffic Political strikes have halted container traffic at the Port of Helsinki for around four weeks this spring, leading industrial operators and traders to rely more on lorries for transporting goods. Consequently, Vuosaari Harbour experienced a decrease in activity, while heavy traffic surged in West Harbour. However, passenger traffic remained unaffected and even saw a slight increase compared to th FBI opens investigation into Baltimore bridge fatal accident The Federal Bureau of Investigation (FBI) is conducting a criminal investigation into the fatal accident of the 10,000 TEU container vessel Dali, which destroyed Baltimore's Francis Scott Key Bridge. FBI's investigation is focused on the circumstances leading up to the bridge collapse and whether all federal laws were followed, according to an Associated Press report. The FBI was present aboard t Eurogate partners with Prodevelop German port and terminal operating company Eurogate has announced a groundbreaking partnership with Prodevelop, signifying a significant step forward in revolutionizing container terminal operations. Prodevelop's expertise in Internet of Things (IoT) and Big Data projects has been instrumental, positioning them as a key services partner for implementing the Digital TwinSim solution at EUROGATE Co European Parliament passes law requiring zero-emission trucks by 2040 The European Parliament has approved legislation mandating that nearly all newly sold trucks by 2040 must be zero-emission. The green organization Transport & Environment (T&E) said this law was reached through negotiations between Members of the European Parliament (MEPs) and governments and will support European manufacturers in competing with foreign electric truck producers. "European truck m Krone introduces new container generation German manufacturer Krone will launch a new generation of dry containers, named KRONE Dry Box, in 2024 with ten ingenious enhancements. To increase protection against damage, the front wall is now slightly recessed at the top, so that there is sufficient space even when cornering, said Krone, adding that the collision guard has been extended to 1,300 mm at the bottom. The new embossing in the fro MSC-operated ship captured by Iranian forces MSC told Container News that it is working to secure the release of one of its operated ships that was seized by Iran's Islamic Revolutionary Guard Corps (IRGC) in the Persian Gulf on 13 April. The 2020-built 15,000 TEU MSC Aries, which the Swiss/Italian liner operator had bareboat-chartered from UK-based Zodiac Maritime for 10 years, was boarded by "Iranian authorities" via helicopter around 2.4 RBS enhances operating system at Klaipedos Smelte Terminal Realtime Business Solutions (RBS) has unveiled plans for a Terminal Operating System (TOS) enhancement at the Klaipedos Smelte container terminal in Lithuania. Klaipedos Smelte has announced its decision to upgrade from the current TOPS Advanced system provided by RBS to the more advanced TOPS Expert solution from the same supplier. According to a statement, the TOPS Expert terminal operating sys MOL Group unveils largest green hydrogen plant in Central and Eastern Europe MOL Group has inaugurated the largest green hydrogen plant in Central and Eastern Europe, located in Százhalombatta, Hungary. With a capacity of 10 megawatts, this US$23 million investment is a significant step towards sustainable fuel production, aiming to reduce carbon dioxide emissions from the Danube Refinery by 25,000 tonnes annually. This venture marks a milestone in the hydrogen economy, e ICTSI secures regulatory approval to elevate Philippine terminal operations International Container Terminal Services, Inc. (ICTSI) has received regulatory approvals to operate and enhance the Visayas Container Terminal (VCT), the key international seaport of Iloilo City in central Philippines. This 25-year concession amplifies ICTSI's footprint in the Philippines and is poised to unlock the economic prospects of the Western Visayas region. Following a review by the Phil Dali owners declare General Average Grace Ocean, the owner of the container ship that knocked down the Baltimore bridge in May, has declared a General Average (GA) on the containers on board. The company believes the salvage operations will lead to extraordinary costs for which they expect contributions from all salvaged parties under the General Average. At the time of writing, there is no indication as to when and where Dali will Golden Energy Offshore Services finalizes three vessel contracts Golden Energy Offshore Services (GEOS) has finalized short and medium-term agreements for three vessels. Also, the company announced the successful completion of a short-term contract for its vessel, the Energy Pace. "We are delighted to secure these contracts for our vessels. This achievement reflects our team's dedication to providing top-tier services and underscores our commitment to operatio

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APRIL 15, 2024

SLB bags deals for Buzios work from Petrobras Oilfield services giant SLB has been awarded three contracts by Brazilian oil and gas major Petrobras for completion hardware and services for up to 35 subsea wells in the Buzios Wave II oilfield. The scope of the contract includes SLB's full-bore electric interval control valves and electric subsurface safety valves. The award is a catalyst ... FBI opens Baltimore bridge case The Federal Bureau of Investigation (FBI) has launched a criminal inquiry into the collapse of Baltimore's Francis Scott Key Bridge. According to reports, citing two US officials familiar with the matter, the probe will look into the circumstances leading up to the collapse and if all federal regulations were followed. "The FBI is present aboard ... Plans revealed for America's first Jones Act-compliant cable layer US offshore wind contracting newcomer Kalypso is pressing ahead with plans to build America's first Jones Act-compliant cable laying vessel. The New York-based outfit, led by DEME's former project manager Colin Smith, has signed a letter of intent with Dutch shipbuilder Royal IHC for a 5,000-ton CLV that would be built in the US and ... New extension keeps Petrofac working on BP's North Sea assets Offshore engineering specialist Petrofac has been awarded a contract extension by energy supermajor BP for continuing support across its North Sea portfolio. Petrofac said that it would be providing maintenance and engineering services under the terms of a three-year, multi-million-dollar contract. In the North Sea, BP is the operator of the Clair Phase One project, ... DOF sells 13-year-old platform supplier Norwegian offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an undisclosed buyer. DOF said in an Oslo Bors filing that it sold its 2011-built PSV Skandi Gamma. The financial details of the deal were not revealed. The vessel will be delivered to the new owners during this month and ... MSC adds two more ships The world's largest containerline, Mediterranean Shipping Co (MSC), remains very active in the secondhand market. As week 16 starts its buying spree counts 11 ships so far this year according to VesselsValue, without counting data from MB Shipbroking - formerly Maersk Broker - who note that the Gianluigi Aponte-founded line has secured two more ships, ... Shipping braces for Israel's response to Iranian attacks Shipping has to contend with new danger zones following Iran's attack on Israel over the weekend and the hijacking of the 15,000 teu MSC Aries. United Nations secretary-general Antonio Guterres urged warring parties to "step back from the brink" yesterday in what Ian Bremmer, a well-known political scientist and president of New York-based consultancy Eurasia ... Gas carrier grounds off Egypt A Liberian-flagged gas carrier ran aground offshore Egypt, prompting a state of emergency over the weekend in anticipation of any leakage or pollution. The incident involving the 14,800 cu m LPG tanker Claudia Gas took place in the Gulf of Aqaba during the Eid holiday. Shipping databases show the 1990-built vessel is owned by Grece's ... Baltimore divers describe bridge clean-up operation as 9/11 'with blinders on' A diving expert from the US Army Corps of Engineers (USACE) has revealed the many life-threatening risks divers are facing while working on the wrecked Francis Scott Key Bridge in Baltimore. USACE, in a joint effort with the US Navy's Supervisor of Salvage and Diving (SUPSALV), is working to oversee the commercial dive companies performing ... ADES scores jackup rig contract in Qatar Saudi oil and gas driller Advanced Energy Services (ADES) has secured a jackup rig contract in Qatar worth up to about $93.3m with French energy major TotalEnergies. The deal covers a firm one-year term in addition to three optional six-month extensions, the company said in a stock exchange filing. The project is expected to start ... MOL continues offshore wind drive with module carrier order in China Mitsui OSK Lines (MOL) has contracted a private Chinese yard, Taizhou Sanfu Ship Engineering, for the construction of a module carrier that will serve the Japanese offshore wind sector. The 13,000 dwt newbuild is set for delivery in the spring of 2026 under a contract with JFE Engineering to ship offshore wind turbine foundations to ... Seatrium and Shell to partner on floating production systems Singapore yard group Seatrium has signed a non-binding memorandum of understanding (MoU) with a subsidiary of energy supermajor Shell to strengthen collaboration on floating production systems. The MoU, which focuses on driving project standardisation and replication, seeks to promote best practices in the design and construction of floating production systems. Shell Global Solutions Internationa BW Offshore sells FPSO for recycling Oslo-listed floater specialist BW Offshore has signed an agreement to recycle its floating production storage and offloading (FPSO) vessel Petróleo Nautipa which previously worked offshore Gabon. Andreas Sohmen-Pao's company said that the recycling would be done in compliance with the Hong Kong International Convention at the Baijnath Melaram ship recycling facility in India. The sale ... Singapore retains global shipping hub crown Singapore's maritime mantelpiece needs reinforcement, groaning from all the trophies, accolades and awards lavished towards the Lion Republic, the preeminent shipping hub of the 21st century. Meanwhile, an old Asian rival, Hong Kong, is sliding down the ranks fast. Singapore remains the world's leading maritime hub according to multiple global surveys, the latest of which ... Somalis release Bangladeshi ship and crew Somali pirates released a hijacked Bangladeshi ship, Abdullah, and its crew of 23 early on Sunday after a $5m ransom was paid, according to two pirates. "The money was brought to us two nights ago as usual... we checked whether the money was fake or not. Then we divided the money into groups and left, ... Korean LCO2 storage tanks unveiled A South Korean manufacturer has unveiled how the world's largest liquefied carbon dioxide (LCO2) storage tanks will look like. Sejin Heavy Industries is constructing a pair of LCO2 tanks for Evangelos Marinakis' Capital Maritime, which ordered last July two firm 22,000 cu m ships at Hyundai Mipo, with options for two more. The nascent LCO2 ... Fredriksen signs for newcastlemax newbuilds John Fredriksen's family holding company, Seatankers Management, has come back to Qingdao Yangfan yard in China with a newbuilding deal in the largest bulk carrier segment. Shipbuilding sources report the Cyprus-based outfit signing up for four 210,000 dwt newcastlemaxes at about $68m each for delivery in 2027 and 2028. Seatankers' ordering spree kicked off this ...

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APRIL 15, 2024

IMO chief pledges to keep urging EU to drop shipping carbon levies Dominguez shrugs off concerns that rising geopolitical tensions might derail shipping from its decarbonisation journey, believing the industry will deliver... Shipping faces more fallout in wake of Iran's attack on Israel The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario... High-priced boxship sales prompt increase in recycling candidates The recycling sale of two vintage boxships for almost $600 per light displacement tonne has led to more containership proposals... FBI opens criminal investigation into Key Bridge allision FBI agents boarded Dali on Monday as part of a criminal investigation into the catastrophic Key Bridge allision, the Washington... Singapore bunker sales hit record high in Q1 on Red Sea disruption Alternative fuel demand in Singapore increased in the first quarter of the year as LNG and biofuel-blended VLSFO sales also... MSC Aries violated maritime law, says Iran A government spokesperson claimed the containership failed to respond to calls from officials before it was boarded by Iranian troops US-sanctioned ship with unknown flag and insurance had 'right of innocent passage', says Denmark Aframax tanker Osperous sailed through Danish Straits on April 3, nearly three months after it was sanctioned for breaching the... Protest groups disrupt ports Several small-scale protests have temporarily blocked access roads at ports in a number of countries. But disruptions appear to be... The week in newbuildings: China continues to win bulk of orders Newbuilding contracts for seven dry cargo carriers, four containerships, six MPVs, one deck cargo carrier, two heavy lift ships, eight... Singapore-Rotterdam corridor initiative expands partnership GDSC names world's fifth-largest box line, Hapag-Lloyd, among latest companies to sign up for port collaboration during Singapore Maritime Week... Singapore tops maritime clusters listing As Singapore remains secure in its role as shipping's largest maritime hub, Hong Kong slips out of the top 10... Week in charts: Panama canal begins to rebound | IMB report shows piracy spike | Tanker tonne-miles at record levels | Mainlane box rates dip again Transits through the Panama Canal have begun to recover, a new report reveals a worrying spike in piracy incidents, plus... Singapore to launch training facility for clean marine fuel operation All maritime personnel and seafarers will be able to access the inaugural course on methanol handling as a vessel fuel... Daily Briefing As tanker stocks rise, Frontline savours new high and Euronav is left out of the party | US senators rally... Shipping warned of increasing risks as governments struggle to contain multiplied threats War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas

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APRIL 15, 2024

HMM unveils ambitious plan to double container fleet, capacity by 2030 The carrier's expansion strategy also includes further investment in container terminals and doubling its bulk shipping capacity. Threat of pro-Palestinian demonstration shuts Oakland's marine terminals All four container terminals at the Port of Oakland were closed for the day shift on Monday as demonstrators protesting the war in Gaza shut down a nearby major freeway and threatened to picket at the port. New risk factor flares in Middle East after seizure of MSC Aires by Iran The taking of the container ship and its crew by Iranian forces comes as Red Sea attacks on shipping by Tehran-backed Houthi rebels in Yemen have forced virtually all commercial vessels to divert around southern Africa. Gemini's 'hub-and-spoke' model aims to eliminate blank sailings: Hapag-Lloyd The new partnership expects to have enough containers positioned at its major hub ports to keep ships full on its mainline trades, thus eliminating the need to unexpectedly cancel a voyage due to a lack of demand. BigLift, CY Shipping expand heavy transport capacity with new orders The global energy buildout in renewables and oil and gas has spurred the heavy-transport partners to order two new carriers. Red Sea diversions, return to Russia transit boosts China-Europe rail volume Shippers of urgent products have shifted volume from the disrupted China-Europe ocean trades to the rails, while some cargo owners are resuming the northern corridor route via Russia

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APRIL 15, 2024

Close-knit Chinese shipping community turns out in force for Singapore gala Close-knit industry community gathers for inaugural formal dinner Baltimore mayor throws down legal gauntlet against Dali owner, manager, charterer and builder Maersk and Hyundai Heavy Industries among apparent targets FBI reported to launch criminal probe over Baltimore bridge collapse Agents boarded the Dali container ship early Monday as investigators focus on power failures MPC Container Ships cashes in boxship brace as liner giant MSC keeps buying German tonnage provider takes profit on sale of older vessels Buyers circle Japanese bulkers amid flurry of ultramax deals High-spec vessels are being circulated in the S&P market Multibillion-dollar Baltimore bridge disaster claims can be handled, ship insurer says Britannia P&I says no concerns have been raised by industry regulators and ratings agency Meriaura orders biofuel-powered cargo ship double in Europe due to geopolitical situation Finnish owner returns to Royal Bodewes to kickstart drive towards carbon-neutrality Trafigura trials emissions-monitoring software on chartered Latsco LNG carrier Trading giant to retrofit Swiss system to cut greenhouse gas output Six stranded Hanwha Ocean Arc7 LNG carriers tipped for use as FSRUs or FSUs Independent specialist Mehdy Touil says ships are unlikely to serve Russian liquefaction project Harren linked to sales as it shrinks fleet German firm may have earned more than $100m over the past year by selling one LR1 tanker and seven small clean ones DOF Group extends PSV sell-off as it pivots to subsea market Norwegian owner offloads ship as it looks to reshuffle fleet Potential Hormuz Strait closure could prove much more significant than Red Sea disruption Rates are largely flat after Iran launches retaliatory attack on Israel over the weekend Amid outrage over Iranian seizure of container ship, focus switches to release of crew The majority of the crew in the MSC-managed ship are Indian citizens MPC Container Ships cashes in container ship brace as liner giant MSC keeps buying German tonnage provider takes profit on sale of older boxships Greek LPG carrier refloated after Middle East grounding The Claudia Gas suffered engine malfunction, authorities said Iran ship seizure sparks tensions, leaving oil and tanker markets on alert Boxship boarded before missile attack on Israel, but threat to close Strait of Hormuz unlikely to be carried out John Michael Radziwill takes control of ship-less GoodBulk as CarVal Investors sell out President now has 56% of former capesize company that is plotting a comeback Five-hour gun battle between gangsters and police sees ship freed The Magalie and its seafarers had been seized by criminal gangs Chinese owners send elderly panamax bulkers to scrap yards Deals for South Korean and Japanese-built vessels come as recyclers express concerns over Chinese-built tonnage Oil and tanker markets on alert as Iran missile strikes spark fresh tensions Iran missile attacks and ship seizure follows threat by Iranian official over the closure of the Strait of Hormuz 'Reprehensible attack': ICS urges immediate release of MSC Aries by Iran International Chamber of Shipping says welfare of innocent seafarers is highest priority 'Complexity' all over tight car carrier market, Clarksons says Shipbroking giant points out potential factors could affect the sector Wind revolution sees British funding shift focus from shipbuilding to cleantech Government funding and a history of wind turbines and sailing have given Britain an edge in maritime wind propulsion Ed Buttery's TMI to take full control of Grindrod in $50m buy-out of minority investors Subsidiary's shares will be delisted in the US and South Africa US ship freed after five-hour gun battle between police and gangsters in Haiti The Magalie and its seafarers had been seized by criminal gangs Lawyer Reed Smith hires in LNG specialist Nina Howell New partner expects more merging of green energy projects and LNG Japanese giant Mitsui OSK Lines breaks new ground with newbuilding to serve offshore wind market Vessel ordered on the back of a contract from JFE Engineering Tsakos extends veteran sales to $240m range with disposal of aframax tanker Tsakos Energy Navigation is reported to have secured $37.2m for one of its two oldest aframaxes Harry Vafias' Brave Maritime banks profit from selling handysize to listed affiliate C3is Nasdaq-listed spin-off expands again after share issue earlier this year Vernicos Scafi returns to Turkish shipyard for more tug newbuildings Greek-Italian tug and salvage company brings the number of newbuildings it has ordered in Turkey to three Singapore launches new training facility as it strives to retain top hub position Focus on being a talent hub sits alongside ambition for innovation and maritime resilience Recycling buyers snap up Sinokor container ship duo at firm pricing levels South Korean shipowner yet again gets above market average price for unwanted older tonnage Chinese owners shift elderly panamax bulkers into the recycling market Deals for South Korean and Japanese-built bulkers come as recyclers express concerns over Chinese-built tonnage Seatrium and Shell to collaborate on floating production systems Singapore company says tie-up will focus on project standardisation and replication

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APRIL 15, 2024

Panama Canal's future is dark and stormy, much to shippers' relief The end of Panama's dry season is in sight, and the Panama Canal Authority plans to welcome more vessels in the coming weeks.