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NOVEMBER 21, 2024

Govt to invest Rs 80 lakh cr. to revolutionise maritime sector Chennai-Vladivostok maritime corridor operational: Sonowal DPA surpasses 90 MMT throughput in 2024-25 faster than last fiscal In-depth study to assess India's potential entry into global container shipping business Paradip, Vizag ports to be linked to Chennai-Vladivostok corridor Trump's vow on tariff sends shockwaves through supply chain Steel imports surge in April.-Oct. Boeing forecasts continued long-term growth for air cargo; India's domestic air cargo market to nearly quadruple Emirates joins Move to -15°C global coalition Improved service for rail users in the Antwerp port area Ship Recycling Alliance launched MSC congestion surcharge for cargo from Middle East and India, Pakistan to Port Louis Global coal shipments down You Ask We Answer

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NOVEMBER 21, 2024

HGK to shift more trucks to rail Providing IT support from Porto Low emission locos for Sweden and Norway UK freezes Iran Air's assets New handling vehicles at Heathrow Rail bundling cuts costs for shippers More responsibilities for Adrien Thominet Tim Schönherr now global head of sales Maskargo joins forces with Qatar Airways Cargo Biofuel milestone for Arkas Bunker "Curiosity of the Day" Electric and fuel cell trucks on a roll Cargoboard launches in Iberia

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NOVEMBER 20, 2024

Zim enjoys record growth at double the market rate Indian importers face freight rate hike shock out of Asia Vancouver airport closes runway after Cargojet's Amazon flight skids off tarmac Will a little prick burst air cargo's bubble? Loadstar Podcast | November 2024 | Trump tariffs, TIACA insights, and looming 2025 capacity crunches European forwarders set for a bumpy ride in automotive logistics, says Ti The US Line: Making America move again Is Amazon Air Cargo flying in the right direction? Furniture maker Loctek's vertical integration ends as boxship sold Grape demand: carriers line up for a bite as South African export season begins Top 10 carriers divide over new fuels, orderbooks show Flexport appoints ex-Hellmann CCO as Asia Pacific head

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NOVEMBER 20, 2024

Anthony Veder uses NAPA Logbook to ease environmental regulatory reporting Rotterdam-headquartered gas shipping specialist Anthony Veder is partnering with Finnish maritime software specialist NAPA to ease regulatory reporting by expanding the use of electronic logbook solutions, The joint project between the two Armon picks Thordon COMPAC for Liberty Lines' high-speed hybrid ferries Thordon Bearings has completed the delivery of COMPAC propeller shaft and SXL rudder bearings for the series of environmentally advanced high-speed ferries under construction at Spain's Astilleros Armon for Italian operator Liberty

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NOVEMBER 20, 2024

Port of Los Angeles partners with University of California The University of California (UCLA) and the Port of Los Angeles formalized their shared commitment to sustainability and community well-being by signing a Memorandum of Understanding (MOU) during the South Bay Summit on 15 November. The summit, held at the UCLA South Bay campus in Rancho Palos Verdes, was organized by the Los Angeles-based green tech firm Adept Group, Inc., with workshop facilita No real air peak yet; GRIs stick for Asia-Europe ocean: Freightos Last week, Canada's Labor Minister ended the separate labor disputes - one on each coast - that had resulted in lockouts at Canada's major container ports. The Industrial Relations Board ordered operations to resume in Vancouver, Prince Rupert and Montreal, and sent operators and port worker unions to binding arbitration, with ports reopening late last week. The ILWU Local 514 in British Columbia Kuehne+Nagel introduces server and data centre logistics solution for cloud infrastructure sector Kuehne+Nagel has unveiled a specialized logistics offering tailored to the rapidly growing cloud infrastructure sector. This growth is further driven by the rise of artificial intelligence (AI), with Gartner predicting a 20.4% increase in public cloud spending in 2024, followed by a 22.1% rise in 2025 due to AI expansion. "Customers of cloud infrastructure demand reliable, secure, and scalable so Digital Solutions to Tackle Workforce Challenges in Shipping The shipping industry today needs more personnel. The field requires special training of specialists and high training, and the direction itself is associated with various risks. Therefore, ship owners often need help with selecting employees. Modern technological tools can solve this situation. They aim to optimize personnel management in this sector and provide better working conditions for sea Operational profile of recently-sanctioned IRISL Islamic Republic of Iran Shipping Lines (IRISL) is a prominent player in Iran's maritime sector, recently spotlighted due to expanded European sanctions targeting the company's operations. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News . APM Terminals Pier 400 boosts efficiency with new cranes Los Angeles port's APM Terminals Pier 400 has made a significant leap in accommodating larger vessels with the arrival of three advanced cranes. These new cranes promise to cut up to 14 hours off the time needed to service each vessel, significantly boosting efficiency and preparing the terminal for future demands. As global trade grows and ships increase in size to improve operational efficiency Case Studies in Cargo Protection: Success Stories from Industries That Rely on Shock-Gard Solutions Ensuring the safety of cargo during transit is a fundamental concern for industries worldwide. With the complexity of modern supply chains, protecting goods from damage due to shifting, impacts, or environmental conditions is crucial. Shock-Gard, a leader in cargo securement solutions , has helped various industries tackle these challenges effectively. This article explores several case studies t Port of Oakland exports 235,899 TEUs of agricultural commodities in 2024 The Port of Oakland remains a critical gateway for US agricultural exports. By October 2024, the Port has shipped 235,899 TEUs of agricultural commodities, with a combined value of nearly US$8.5 billion. Oakland leads all US ports in international refrigerated export trade by TEU volume, a position it has held for seven consecutive years. "The Port of Oakland is a major international gateway for Lines moving towards alternative fuels: Key strategies and industry front-runners Alphaliner's report states there is no clear winner when it comes to decarbonisation efforts among container carriers. 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 appeared first on Container News . Vehicle trade declines at Valenciaport amid global sector challenges The import and export of vehicles at Valenciaport have faced challenges. In October, the terminals of the Spanish port handled the loading and unloading of 50,465 vehicles, reflecting an 11.75% decrease compared to the same month last year. From January to October, the total number of vehicles handled reached 480,441 units, a decline of 10.43%. On an annual basis, 587,208 vehicles were processed, Strategic inventories boosted by Trump election win A shift in global trade patterns is expected to be accelerated by the election of Donald Trump to US president as China and other nations anticipate sweeping protectionist measures meant to protect US industry from being imposed after the inauguration of the president on 20 January. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Corresponden DNV and Seatrium join forces for innovation in marine sustainability DNV will support Seatrium with expert guidance on market and regulatory trends, emerging technologies, and best practices in environmental, safety, and quality standards for the maritime and offshore industries under a signed Memorandum of Understanding (MoU). Both organizations will collaborate to optimize processes and enhance efficiencies in new building, conversion, and retrofit projects. The

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NOVEMBER 20, 2024

The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing's attempt to unite nine cities in Guangdong with Hong Kong and Macau into an economic powerhouse and rival the New York metropolitan ... Geneva Dry Dialogues: Nova Marine Carriers Minor bulks are the most exciting segment in dry bulk, according to Vincenzo Romeo, CEO of Nova Marine Carriers, something that is just as well as the Italian is set to take the stage next April in Geneva Dry's minor bulks session. "There are more origins and destinations in minor bulks compared to grains, coal ... Synergy promotes autonomous vegetable growing on ships Synergy Marine Group has become one of the first adopters of autonomous vegetable-growing technology onboard ships. A pioneering initiative, which also includes shipowners Eastern Pacific Shipping, Seaspan, Capital Shipping, and CoolCo, has utilised Agwa's AI-directed cultivation devices with the aim to enhance sustainability and crew wellbeing, the Singapore-based shipmanagement giant said. Sinc TGS wins 3D streamer work in India for ONGC Oslo-listed seismic data specialist TGS has won a 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract, which was described as 'significant', has a duration of approximately six months. According to the company, ... Samsung Heavy unveils wind-assisted LNG carrier design Samsung Heavy Industries (SHI) has rolled out its own design for an LNG carrier equipped with wind-assisted propulsion. The South Korean shipbuilder has been granted approval in principle by the compatriot class society Korean Register and the Liberian Registry for the vessel that sports wing sail technology. The unit has been designed with the wheelhouse ... Edda Wind bags CSOV newbuild charter Oslo-listed offshore wind support vessel pureplay Edda Wind has announced that it is in the signing process for a 12-month deal for one of its CSOV newbuilds. The one-year contract for the vessel, currently under the designation C504, will also have 12 months worth of extension options. The charter will begin following the delivery of ... OWC gets work on Japanese floating wind pilot Renewable energy consultancy OWC will provide pre-FEED services for a 15MW floating wind project offshore Japan. OWC was appointed by the Japanese engineering firm Kanadevia Corporation to demonstrate the floating offshore wind technology under the subsidy of Japan's New Energy and Industrial Technology Development Organization (NEDO). The subsidies from the organisation are used to commercialise EnQuest cancels deal for Dolphin Drilling semisub Semisub rig owner Dolphin Drilling has reached an agreement with UK-based oil and gas operator EnQuest for the early termination of a contract awarded to the Borgland Dolphin rig. The deal, awarded in late November last year, was for a 137-day drilling programme in the UK North Sea. The contract included a contribution toward the ... Chinese bulk carrier top suspect in latest European cable outage A Chinese ship is once again at the centre of a European infrastructure attack. Yi Peng 3, a 23-year-old panamax bulk carrier owned by Ningbo Yipeng Shipping, is the top suspect linked to the severing of two data cables in the Baltic Sea in recent days. The ship departed from the Russian port of Ust-Luga ... Hapag-Lloyd joins ONE and others in installing wind shields Container carriers are leading shipping in adopting wind shields to cut fuel use. German carrier Hapag-Lloyd is the latest to add wind deflectors, with Alphaliner carrying an image of a megamax newbuild under construction in South Korea featuring a large dome-shaped wind shield on its forecastle. Other Hapag-Lloyd ships under construction in China are also ... Green shipping corridors face 'feasibility wall' challenge Green corridors increasingly wrap their way around the world's oceans and seas, but they face a "feasibility wall", according to a new 36-page report from the Getting to Zero Coalition and the Global Maritime Forum. Green shipping corridors are specific trade routes where the feasibility of zero-emission shipping is catalysed by public and private action. ... X-Press Feeders hits out at long-term detention of master in Sri Lanka X-Press Feeders has hit out at the "bureaucratic and legal hurdles" that have caused severe delays in the case of the X-Press Pearl, a boxship that caught fire in 2021 causing one of Sri Lanka's worst-ever environmental disasters. The master of the ship has not been able to leave the Asian island for the past ... Watch the finals of The Captain's Table live on Splash today The Captain's Table 2024 Pitch Competition will air today on Splash live from Hong Kong. This year will see the sixth cohort of startups pitching live from 4pm Hong Kong time to a global, in person audience in Hong Kong and online. The Captain's Table is one of the leading global pitch competitions designed for ...

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NOVEMBER 20, 2024

LA/LB cargo volumes near record levels ahead of upcoming tariff 'headache' The strong run for the ports of Los Angeles and Long Beach continued in October, with both ports reporting record... Green corridors have led nowhere The failure of green corridors highlights the perils of voluntary industry initiatives Join us for the Lloyd's List Outlook Forum: 2025 and beyond If you would like to hear from shipping leaders who will offer up their views on the opportunities and threats... Zim books billion-dollar quarter as spot rates soar Israeli carrier Zim reported its best quarter since the pandemic boom, posting $1.2bn in profits. Earnings were driven by ongoing... Unwinding timetable for Russia's dark fleet uncertain even as market seen as 'saturated' Tankers likely to go into lay-up if sanctions are removed, with asset values for 15- to 20-year-old tankers already falling... CMA CGM blames ultra-large containerships as culprit for global port congestion Linerlytica analyst pointed out ship upsizing has occurred for years and attributed recent severe Southeast Asia port jams more on... Star Bulk lifts profits in wake of Eagle merger Petros Pappas-led bulker giant has clinched new $130m loan to finance five kamsarmax newbuildings under construction Port of Los Angeles and UCLA sign sustainability agreement University will join with port to improve the environment for portside communities and deliver on both organisations' sustainability goals Book small and early ahead of trade disruption, shippers told Shippers should book small lots three to four weeks ahead to guard against capacity tightening, possible future port strikes and... Vancouver issues first LNG bunkering accreditation Canadian company Seaspan Energy said it is working towards operating three LNG bunkering vessels on the west coast of North... BankServe warned against Nordic Plan after payout refusal on Galaxy Leader Speculation about second case of an owner denied claim by Norwegian underwriters, as brokers blast Danish insurer Codan's 'inappropriate' stance London Club to seek target increase in premium volumes IG affiliate books double-digit percentage point gain in mutual entries Ocean Yield readies for 'transformational' France LNG deal Ocean Yield had a stable third quarter and posted a $60m dividend as it prepares to acquire France LNG Shipping... Chinese bulker suspected of cutting Baltic cables A Danish naval vessel met China-flagged bulker Yi Peng 3 off the Danish and Swedish coast on the evening of... The Daily View: The war on shipping, then and now Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping Daily Briefing Galaxy Leader owners in dispute with Codan over loss of hire cover | A year of Houthi terror in numbers...

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NOVEMBER 20, 2024

Cargo push to continue amid mounting market pressures: Zim The carrier's CFO pointed to the rising ratio of US retail sales to inventories as a sign that retailers are still bringing in new inventory. Supply chain needs compete with political concerns for US offshore wind Donald Trump has promised to stop US offshore wind projects on "day one" of his administration, but stakeholders say they are cautiously optimistic that momentum from existing projects and leases could help ease his resistance. Regulator proposes tougher transparency requirements for US freight brokers Brokers would have to make transaction records, including shipper rates, available to trucking companies electronically and the requirements could supersede non-disclosure agreements, according to a proposed rule from the Federal Motor Carrier Safety Administration. NVOs eager to get past carriers' tight grip on unexpectedly favorable market NVOs will enter 2025 hoping that their experience this year with carriers taking a get-tough approach to their business dealings was merely cyclical, a product of an unusual market following the Red Sea diversions and an early peak season. Uncertain nuclear outlook in US clouds demand picture for MPV sector MPV operators are hopeful the incoming Trump administration will build on Biden's support for nuclear power generation, which would boost cargo volumes. Startup technology vendor takes aim at cargo theft with free tracking service GenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft in the US booms.

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NOVEMBER 20, 2024

Euroseas orders container ships in China as earnings blow past Wall Street bets Net income drops, but not as far as analysts expected Idan Ofer boosts car carrier newbuilding orderbook with six dual-fuelled ships Diversified shipowning company has already lined up employment contracts for six of the 5,500-ceu newbuildings New Eletson Holdings CEO works with Toronto hedge fund Murchinson Ultrapetrol and Ravenscroft veteran Len Hoskinson also part of new three-man board US official says Houthis seeing themselves as 'not so much subordinate' to Iran Efforts to degrade militant groups capability will continue, Lloyd Austin says JL Mowinckels breaks into new arena with ultramax order Norwegian owner behind one of two mysterious contracts reported earlier at Jiangsu Haitong Offshore Engineering Zim at the ready for changed world under Trump administration Coming off big earnings beat, management talks about what 2025 could hold Ningbo Ocean doubles bulker fleet with ultramax newbuilding swoop Chinese owner best known for container ships is more than doubling its dry cargo fleet at a stroke Zim shares soar after $100m special dividend and hike in full-year profit forecast Israeli liner company rewards holders with $100m special dividend, taking payout to $3.65 per share Bargains to be had as smaller tankers keep S&P market ticking over Larger vessel sizes may not be selling, but buyers remain interested in older product and chemical carriers London Greek player Helikon sells supramax duo ahead of newbuild delivery wave Low-profile firm has ordered 16 bulker and two tanker newbuildings in past two years Idan Ofer, Evangelos Marinakis and Synergy pioneer autonomous vegetable-growing kit on ships Big shipping names promoting healthier crews and a more sustainable future Vard snares five-ship offshore wind vessel order from mystery buyer Norwegian group's Vietnam yard to build specialised walk-to-work ships for delivery from 2027 London Greek owner Helikon sells supramax duo ahead of newbuild delivery wave Low-profile firm has inked 16 bulker and two tanker newbuildings over the past two years As tanker rates keep rolling, China could have thrown up another hurdle Earnings gains on some routes as Beijing cuts product export tax rebate Zim shares soar after earnings beat and increase to full 2024 guidance Israeli liner company rewards holders with $100m special dividend, taking payout to $3.65 per share Greek shipowner sues after insurers snub $50m payout on VLCC seized by Iran The targeting of the Niovi has echoes of the helicopter-borne operation to seize the Galaxy Leader Samsung Heavy Industries unveils wind-assisted LNG carrier design Shipbuilder shifts bridge forward to circumvent visibility issues Greek shipowners sue after insurers snub $50m payout on VLCC seized by Iran The targeting of the Niovi has echoes of the helicopter-borne operation to seize the Galaxy Leader Mercy Ships becomes charity partner of Norway's maritime industry to boost newbuild construction Medical charity's third vessel is scheduled for delivery in March 2028 'Eye-watering' rates fuel unprecedented boom in small chemical tanker orders, SSY says UK shipbroker identifies long-neglected sector as one to watch Costamare bulker platform slides deeper into red in third quarter Greek firm sticks to its ambitious charter-in venture but has still to see a profit from it Ocean Yield scales down newcastlemax bulker deal with CMB.Tech Arctic Securities describes third-quarter report as credit neutral Trading giant Gunvor seals $2.3bn finance deal linked to emissions of chartered fleet Placement of two revolvers was upsized due to bank demand, commodities giant says Golden Energy Offshore flips to profit as fleet growth continues Alesund-based owner's fleet stands at nine ships following management deal Shipowner JL Mowinckels enters new sector with ultramax bulker order Norwegian owner behind one of two mysterious contracts reported earlier at Jiangsu Haitong Offshore Engineering Venture Global poised to rise through US LNG producer ranks as second plant set for exports Controversial US producer is widely tipped to be pursuing plans for an IPO Eidesvik Offshore's term cover lifts profit to eight-year high despite sluggish market Norwegian owner not affected by struggling PSV rates Eletson sails out of bankruptcy court with a hedge fund backer, a new chief executive and no debt Tanker owner emerges with no debt and new leadership Maersk Tankers takes $40m hit in legal battle linked to collapsed empire of tycoon OK Lim Danish owner admitted it had discharged gasoil without presenting original bills of lading in dispute with United Overseas Bank Hong Kong shipowners: It feels like we're in 'The Twilight Zone' Wah Kwong, Pacific Basin and KC Shipping taking no risks without clear direction Star Bulk cranks up profit and scores $130m debt deal New York-listed shipowner delivers results within range of Wall Street expectations Chinese bulker suspected of underwater cable 'sabotage' held off Denmark In likely repeat of 2023 incident, vessel is investigated for damaging subsea Baltic internet connection Eletson sails out of bankruptcy court with Murchison backstop and no debt Tanker owner emerges with no debt and new leadership Trump taps prominent shipping name to head US Commerce Department - again Owner of Poten & Partners and Oil Brokerage is moving into cabinet post, if confirmed

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NOVEMBER 20, 2024

Port of LA whittles dwell time despite record container volumes The Port of Los Angeles posted record container volume in October on resilient consumer spending and a strong economy. Zim Q3 powered by spot market, new ships Zim saw a decision to leverage its business against spot rates pay off on surging demand in the trans-Pacific trade.