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JANUARY 22, 2024

Deal to cut CO2 emissions from HDVs More hybrid multi-system electric locos Shark fins hiding among dry fish First tenants for a hub in Thuringia Emo-Trans refreshes its executive team Corpus Christi: record throughput in 2023 Wabtec to launch railcar telematic platform Bluetooth is watching you Suez & Panama see US shippers going west BusinessCode scales up Second-largest drop in trade capacity Diesel-powered vehicles to phase out by 2025 Norsk E-Fuel inks milestone agreements "Curiosity of the Day" Prologis closes a successful 2023 All change at Stef Group Alta Signa's marine underwriting bid

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JANUARY 19, 2024

Spot rates from Asia 'out of control': pre-CNY quotes of $10,000+ reported Atlas B747F forced make emergency landing after engine fire BIFA announces Freight Service Awards winners AP Moller - Maersk changes executive leadership team as Henriette Hallberg Thygesen retires Ceva + Wincanton - let the M&A party begin? Logistics 'black swans' now arriving in flocks Ceva to expand in UK as Wincanton accepts $719m takeover bid Red Sea shipping still vulnerable to attack, despite airstrike 'protection' High fashion: Red Sea disruption sees apparel shippers switch to air Bangladesh's garment market feels the heat from the shipping crisis Yang Ming and Evergreen set to order feeders from local shipbuilder Freight crime on the up as gangs become more tech-savvy Kuehne, CHR, FedEx & UPS - a dummy's guide to dividends Kuehne + Nagel targeted for 'facilitating genocide'

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JANUARY 19, 2024

Jason Liberty named new CLIA chair The Cruise Lines International Association (CLIA), whose cruise line members representing 95% of the world's ocean-going cruise lines reports that Royal Caribbean Group president and CEO Jason Liberty has been appointed chairman Yankee Freedom orders new Dry Tortugas ferry Key West, Fla.-based Yankee Freedom has ordered a new 300-passenger, high-speed catamaran ferry from Gladding-Hearn Shipbuilding, Duclos Corporation for passenger service between Key West and the Dry Tortugas National Park. The new Longitude Engineering to take eSOV design to next level London-headquartered Longitude Engineering has been selected to design the world-first zero-emission electric Service Operation Vessel (eSOV) that a consortium led by Bibby Marine plans to build (see earlier story). The project has

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JANUARY 19, 2024

Port of Antwerp-Bruges proceeds with Certified Pick up rollout The first phase of the Certified Pick up (CPu) roll-out started on 15 January at the port of Antwerp-Bruges. As of that day, 60% of the daily container volumes were picked up successfully via the new digital platform. According to a statement, after consulting the port community, the Belgian port decided to continue to rollout CPu gradually, as of Monday 22 January. "To ensure that the rollout go Global bunker market witnesses moderate downward trend The Marine Bunker Exchange (MABUX) global indices showed fluctuating and inconsistent trends in the third week of the year with various movements in different directions. The 380 HSFO index experienced a decline of US$7.37, reaching US$504.23/MT. The VLSFO index decreased by US$2.30 to US$635.49/MT. On the other hand, the MGO index saw an upward movement, rising by US$9.44 to US$891.17/MT. "At th HHLA extends its CEO contract, appoints new CFO German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) has made important decisions regarding key management board roles. Annette Walter, previously CFO of STEAG Power at Essen-based energy supplier STEAG, has been appointed to the HHLA Executive Board as CFO, overseeing the Finance and Real Estate divisions. Walter, with a background in business administration from Heinrich Hei Parenting products firm Bugaboo partners with APM Terminals to achieve zero-emission supply chains Parenting products company Bugaboo is aiming to become net zero by 2035, working with all partners in their value chain to minimise environmental impact in their shipments, including APM Terminals Maasvlakte II in Rotterdam. APM Terminals Maasvlakte II is a CO2 emission free terminal, powered by electricity produced from wind turbines. The building and site are energy-efficient utilising smart eq Dubai and Pakistan sign agreements to enhance marine and logistics relations The governments of Dubai and Pakistan have signed two inter-governmental framework agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and Economic Zone near Karachi. The agreements were signed at the World Economic Forum in Davos, Switzerland, by Shahid Ashraf Tarar, Pakistan's Federal Minister of Com Hapag-Lloyd raises rates from Middle East and Indian Subcontinent to Europe and North Africa Hamburg-based ocean carrier Hapag-Lloyd has announced fresh ocean tariff rates from Middle East and Indian Subcontinent to Europe and North Africa. The German container line will increase rates for 20' and 40' dry and reefer containers, including high cube equipment, effective from 11 February and until further notice. All the following rates are in US dollars 20 'Dry Containers From To Current b Long Beach surpasses 8 million TEUs in 2023 The conclusion of 2023 saw the Port of Long Beach (POLB) handle 8,018,668 TEUs, marking a 12.2% decrease from the previous year, but surpassing pre-pandemic levels reported in 2019. Import volumes at the Californian port declined by 12.7% to 3,804,356 TEUs, while exports experienced a 9.4% drop to 1,282,437 TEUs. Additionally, empty container movements decreased by 12.7% to 2,931,876 TEUs. Port o Port of Long Beach prepares for rail-focused 2024 Port of Long Beach CEO Mario Cordero revealed the Californian port's strategic efforts to pave the way for a sustainable future. The focus of the port is on the modernization of rail facilities and the improvement of air quality. Cordero outlined the ambitious goal of transforming Long Beach into the world's inaugural zero-emissions seaport. In line with this vision, construction is set to commen

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JANUARY 19, 2024

Appeal launched over fears for crews embroiled in Red Sea shipping crisis Sailors' Society has launched an urgent crisis appeal following mounting concern over attacks on ships in the Red Sea. The global maritime charity emphasized that while supply chain problems and the financial consequences of rerouting ships have received a lot of attention, there is an acute human cost with seafarers caught up in the conflict. ... Esvagt picks Turkish yard for SOV construction Danish offshore shipping player Esvagt has contracted Turkey's Cemre Shipyard to build a service operation vessel (SOV) that is planned to work on Ecowende's Hollandse Kust West offshore wind farm. The shipyard said via social media channels that the new project will be based on a diesel-electric propulsion system with the support of energy storage ... Biden: Air strikes are not deterring Houthis The president of the world's most powerful nation has conceded his nation's military efforts to make navigation safe again in the Red Sea are yet to work. The Houthis from Yemen and US naval forces have met fire with fire again over the past 24 hours with more ships targeted by the Iranian-backed militia and ... Equinor faces 12-week strike in UK North Sea Around 100 drillers employed by Odfjell Technology working on Equinor's Mariner platform in the UK North Sea are set to strike over three months, Unite Scotland's leading offshore trade union has confirmed. Unite members voted unanimously in favour of strike action, and by 99% in favour of a continuous overtime ban on a high turnout, ... Toyota rides along with the likes of BW and Shell in Corvus Energy investment Woven Capital, a venture arm of Japanese carmaker Toyota, has invested in Norway-based marine battery maker Corvus Energy. An undisclosed amount will see Toyota join existing investors, including BW Group, Equinor, Hydro and Shell, allowing the company to speed up the development of its battery storage and hydrogen fuel cells and expand into new regions. ... THE Alliance members left with few options in wake of Hapag-Lloyd's departure The dramatic consolidation among container shipping's global carriers over the past decade leaves the remaining liners of THE Alliance with few options in the wake of the departure of its largest member, bar perhaps one very tricky conversation to be had in Taiwan. Hapag-Lloyd and Maersk this week have shaken up the global liner alliance ... Copenhagen Infrastructure Partners launches energy island developer Danish fund manager Copenhagen Infrastructure Partners (CIP) is launching a new company which will be focused on developing energy islands with backing from Nordic, European, and North American investors. The new company, named Copenhagen Energy Islands (CEI), will be leaning on CIP's offshore wind experience, and is currently developing a portfolio of around 10 energy ... European offshore wind sets records with 4.2 GW coming online in 2023 Offshore wind in Europe saw a record 4.2 GW of new capacity come online in 2023 with €30bn ($32.6bn) of new investments confirmed. Of the 4.2 GW of new capacity, 3 GW of that was in the EU, an increase of 2.1 GW year on year. In comparison, 2022 saw 2.5 GW come online. The ... Venezuela seeks IMO help to get tankers trading again Venezuela's vice president, Delcy Rodriguez, has been in London, urging the new head of the International Maritime Organization (IMO) to help out and get the South American nation's tanker fleet back up and running. US sanctions on Venezuelan shipping vessels are harming the country's maritime transport, Rodriguez told Arsenio Dominguez, who has been in the ... AI imagines what the world's most famous artists would have made of container shipping The year 1956 is widely considered the moment when container shipping was born. On April 26 that year, American trucking entrepreneur Malcom McLean put 58 trailer vans aboard a refitted tanker ship, the SS Ideal X, and sailed them from Newark, New Jersey to Houston, Texas. The same year has a few similarities with today's ...

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JANUARY 19, 2024

Losing Nemo: CMA CGM reroutes service to avoid Red Sea French carrier to take the long route on Australia service avoiding the Suez Canal via the Cape of Good Hope... Red Sea shipping is now divided down lines of risk appetite and national security Lloyd's list Intelligence vessel-tracking data reveals that a tipping point has been reached in the Red Sea this week as... Emanuele Lauro joins Scorpio cash-in as Bugbee sells more shares Scorpio Tankers chief executive Emanuele Lauro has sold $27.2m worth of his shares in the product tanker owner, joining president... The week that marked a turning point for shipping in the Red Sea The impact on the Suez Canal will not be permanent. But it is now effectively closed to those who are... Neptune Maritime Leasing aims to ramp up ESG scrutiny of shipping investments Three-year-old lessor can support companies and projects left underfunded by the banking system, says Neptune founder and chief executive Harris... Pace of container freight rate increases slows Rates of Asia-Europe cargoes fell back this week, according to the Shanghai Shipping Exchange. But transpacific and backhaul trades have... Dark fleet tanker Pablo towed to Indonesia after fatal blast The 26-year-old crude oil tanker which suffered a tank explosion in May 2023 with the loss of three lives, while... Dutch workers protest over pay and planned job cuts at Lloyd's Register Nautilus union members staged a protest outside LR's London office over plans to shift jobs from the Netherlands to cheaper-labour... ExxonMobil aims to kick-start UK biofuel bunkering with marine gasoil blend ExxonMobil could meet higher biofuel demand in the UK with its MGO production at the Fawley refinery on the south... Chinese tonnage rises in Red Sea despite Houthi attacks A total of 17 out of the 27 Chinese containerships still active in Red Sea transits are involved in calling... DP World reportedly interested in Thailand land bridge megaproject Framework agreements in Pakistan will also help DP World enhance its footprint in the country's underdeveloped yet fast-growing economy Ceva buys into UK logistics market CMA CGM continues its diversification drive with $700m deal to buy British logistics outfit. Agreement will see Wincanton delisted and... Sumec Marine secures two ultramaxes order from Kasuga Shipping The latest order has brought the total number of Crown 63 Plus series vessels ordered up to 62 Daily Briefing US bans 17 tankers and dark fleet owner Hennesea Holdings for Russia sanctions breaches | Houthi attacks to cut Suez oil...

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JANUARY 19, 2024

Wilmington to add on-site transload facility in bid to pull new business The 25,000-square-foot facility, to be developed by East Coast drayage and logistics provider PortCity, is due to open at the North Carolina port by the end of March. Red Sea diversions could last for 'months' until attack risk ends: Drewry But the analyst noted the expected effect on equipment shortages, port congestion and ship schedules will be far less than that experienced during the pandemic as the supply chain reorganizes itself around the longer transit times. Red Sea disruption drives Asia-Europe shippers to air, rail alternatives While the available capacity offered by air and rail is nowhere near that of ocean, the modes give cargo owners an alternative transport option for their more urgent shipments. UK-based Wincanton accepts $718 million takeover offer from CEVA Logistics Adding the UK and Ireland-focused supply chain specialist will expand the CMA CGM subsidiary's footprint in the region and add almost $1.9 billion in revenue to its balance sheet.

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JANUARY 19, 2024

Defusing shipwrecks: The mission to tackle the oil-heavy time bombs under the sea An avalanche of pollution is expected this decade as sunken world war wrecks degrade Bugbee's big week: Scorpio boss gives inside track on his $45m stock windfall President was there for the bad times and now has found it's time to enjoy the good ones Capesize spot rates pop as charterers pay extra to book ahead of Lunar New Year Bulker segment showed a significant uptick in spot rates this week, ahead of its seasonally slow period Product tanker rates surge as Red Sea rerouting adds supply strain Hafnia and Torm are among listed tanker operators who are travelling further to avoid Houthi attacks Red Sea diversions to take centre stage at the great Piraeus P&I debate Leading P&I clubs set to gather to discuss the issues affecting the industry Meet the entrepreneur who claims to have cracked shipping's coating conundrum Canadian Mo AlGermozi says graphene makes hull coatings tough, biocide-free and super smooth Editor's selection: Red Sea rapidly becoming a no-go zone as attacks target US owners A look back at some of the big stories making our news this week US and UK war risk exemptions on the cards amid Red Sea exodus Some insurers are reportedly reluctant to cover Houthi rebels main shipping targets Seafarer rights must not be lost amid the fog of Red Sea disruption, warns Reed Smith's Ashmore UK lawyer explains the complexities owners and crew members face Women in Green Shipping tee up group to go mainstream WiGS holds first in-person kick-off meeting in London with call up for new members to get involved Esvagt selects Cemre Shipyard for offshore vessel as it brings in designer HAV Danish owner returns to Turkish shipbuilder for service operation vessel Fredriksen's Golden Ocean appoints Cato Stonex as director Ally was a Fredriksen pick for Euronav board during battle for control Venezuela lobbies IMO over sanctions 'strangling' tanker trade Meeting with secretary general Arsenio Dominguez took place in London on Thursday Atlantska bosses back $75m Tankerska takeover bid as fleet expansion planned Croatian bulker owner's management lines up behind offer from domestic rival Corruption charges claim Singapore's transport minister Iswaran out as PM says government has dealt with this case in accordance with the law, and will continue to do so Alpha Gas pivots to VLACs with move to splash $500m on newbuildings Greek shipowner named as the buyer of HD Hyundai Heavy Industries duo with talks ongoing at rival yard CMA CGM ready to fork out $720m for major UK logistics player Wincanton French carrier targets UK market with all-cash offer Rate rollercoaster: VLGCs in freefall as tonnage list grows after charterers hold back Brokers and analysts also noted much weaker arbitrage opportunities between east and west DNB hikes Stolt-Nielsen share price target amid Red Sea disruption Pertamina and Moundreas tankers head into the Red Sea Houthi storm Oil tankers avoid Red Sea Aframax and LR2 vessels had diverted away from the danger zone Car giant Toyota swoops for stake in maritime energy firm Corvus Investment will help grow battery and fuel cell businesses, with focus on Asia BW LPG adding investment banking heavyweight Sanjiv Misra to board Singapore-based chairman of Clifford Capital joins as shipowner pushes ahead with US listing Frontline chairman Lorentzon cashes in $400,000 company shares Chairman exercises 18,000 synthetic options in tanker giant Houthi drones fly near Genco bulker again as US-owned tanker reports attack in Gulf of Aden Pentagon spokeswoman says US is not at war with Houthis after week of strikes Ali Umur's Active Denizcilik follows up string of tanker buys with lucrative sale Low-profile player bought six tankers and a large bulker over the past 14 months Car giant Toyota swoops for stake on maritime energy firm Corvus Toyota growth fund to help grow Corvus battery and fuel cell businesses with focus on Asia Shipping investor NRP plots new $100m fund after hiring former Credit Suisse man Norwegian investment manager launches new advisory company as it eyes growth Corruption case claims Singapore transport minister PM says government has dealt with this case in accordance with the law, and will continue to do so

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JANUARY 19, 2024

Panama Canal transits sink to new drought-driven low in December Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.