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AUGUST 22, 2024

NYK inks agreement for marine transport of green ammonia from India to Japan Allcargo Gati strengthens its services to boost Brass City's MSME growth DPA & BPCL explore options for setting up LPG import facility Container seal a fundamental tool in assuring integrity of global cargo transportation, should not be ignored: Report CMA CGM RRI from Latin America to India CBDT issues clarification on income-tax clearance certificate, says it is factually incorrect that all Indian citizens must obtain certificate before leaving country Steel industry wants export tariffs on low-grade iron ore, pellets Advantages of proposed Galathea Bay International Container Transhipment Port highlighted Zero Emission Trucking (ZET) Policy Advisory launched You Ask We Answer

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AUGUST 22, 2024

Scanners for customs Metrans augments train service to German seaports Levelling up in Linz HKG: cargo traffic up in July 25 Isuzus to join London fleet Logistec picks chief strategy officer A timeline for full scrubber discharge ban Linking the Middle East with China Watco expands in New York area New duo at the top Aurrigo receives German ministerial backing World's first rotor sails on capesize vessel RK Logistics adds in Arizona Emons to cover more areas for Cargoline "Curiosity of the Day" Growing volumes between booming regions Electric trucks for Austria and Germany 'Vanguard': a breakthrough in river-sea gas transport André Wyss to chair board of directors from 2026

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AUGUST 21, 2024

Forwarders scramble for alternatives as Canadian rail strike looks set Idle box ship fleet at record lows as carriers drain charter market of tonnage Record WiseTech's value quest - how to exploit clients' (IT) shortcomings Shipping alliance shake-up will make waves during new contract season 'Toxic' boxes taken off Maersk-chartered ships for return to origin MSC's Britannia brings Liverpool its first regular Far East-Europe direct call

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AUGUST 21, 2024

Silver Ships conducts training with new Montenegrin Navy response boats Silver Ships, a manufacturer of workboats, has recently completed reactivation and crew familiarization training on four Coastal Fast Response Boats (CFRBs) delivered to the Montenegrin Navy. The training spanned two weeks and Construction underway for future home of MSC Seascape cruise ship Construction is underway at the Port of Galveston to convert an existing cargo warehouse into the port's fourth cruise terminal. The $151 million cruise complex at Pier 16 will include a 165,000-square-foot Fatigue factor in towboat pier allision says NTSB The pilot of a towboat that hit a pier near Saint Rose, La., last year had fallen asleep, the National Transportation Safety Board (NTSB) said August 21. The pilot of the M/V

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AUGUST 21, 2024

ClassNK grants world's first MRS accreditation to ammonia-fuelled gas carrier ClassNK will grant the world's first accreditation for "Machinery Room Safety for Ammonia" (MRS) to the ammonia-fueled medium gas carrier (AFMGC) currently being developed by a consortium that includes Nippon Yusen Kabushiki Kaisha (NYK) and Nihon Shipyard (NSY). The MRS classification notation signifies that a ship is equipped with exceptional safety measures for ammonia in its machinery room, e LR and CORE POWER to study next-gen nuclear container ship rules Lloyd's Register (LR) and CORE POWER have initiated a joint regulatory assessment study to explore the safety and regulatory requirements for a next-generation nuclear-powered feeder container ship to operate in a European port. This study focused on the feasibility and necessary frameworks for utilizing a fourth-generation reactor known for its high inherent safety. Following initial planning ef MSC's market share now nearly 20%, Maersk under pressure MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. According to Alphaliner, MSC has added at least 400,000 TEUs to its fleet so far this year. The Swiss-Italian market leader's share of the operated fleet rose to 19.8% at the end of July, marking the highest-ever figure recorded by a carrier. Only Maersk Line, which MSC surpas Sea-Intelligence reports retailer inventories surging above trend "In our Press Release on 8 August, we mentioned how US consumer spending data did not support the notion of a sudden US spending boom, and that the spike in Transpacific volumes in May and June 2024 was likely driven by a front-loading of imports," stated Alan Murphy, CEO of Sea-Intelligence. Recent June 2024 US inventory data from the US Census Bureau further supports this view. The data reveals Yang Ming declares general average after YM Mobility fire at Ningbo Port On 9 August 2024, a fire occurred near the bow of the YM Mobility at the Port of Ningbo. In response, Yang Ming declared General Average on 18 August 2024, to protect the common interests of the vessel, cargo owners, and all parties involved. The port authorities and local fire services at the Port of Ningbo responded promptly, taking immediate action and providing professional guidance. As of th Osaka Gas joins SEA-LNG coalition Osaka Gas, a leading utility company based in Japan, has joined the SEA-LNG coalition, further expanding SEA-LNG's global influence and expertise across the LNG value chain. Osaka Gas is also working to increase the share of renewables in its power generation portfolio. The company is collaborating with other major international firms to support the creation of a global coalition dedicated to ele CMA CGM updates PSS for US East Coast and Gulf routes CMA CGM informs its customers of the following Peak Season Surcharge (PSS04) update: Effective 16 August 2024 (gate-in date) until further notice, a PSS of US$1,000 per unit will be applied to all cargo types originating from the Indian Subcontinent, Middle East Gulf, Red Sea, and Egypt, destined for the US East Coast and US Gulf. If you liked this post, please consider donating The post appeare project44 data: Europe Ocean Peak Season Trends 2024 The ocean peak season marks a crucial annual event for companies preparing to import freight ahead of the holiday shopping period. Traditionally spanning from August to October, this period has, in recent years, begun as early as June. This shift results from several factors, including more advanced planning and ordering processes to smooth supply chains, past delays due to COVID-19-related disru APMT bets on terminal development in Pakistan as subcontinent trade expands Growing trade volumes out of the Indian subcontinent amid the trade diversification in Asia are driving global maritime investors to pour more money into the market. Maersk subsidiary APM Terminals is weighing options to build a terminal presence in Pakistan to tap the potential. "Pakistan is strategically important for us with its strong appetite for growth and for the role the country plays in TS Lines in renewed drive towards long-haul routes Taiwanese intra-Asia carrier TS Lines has ambitions of expanding further into long-haul routes. On 13 August, TS Lines launched a standalone Asia-US West Coast express service, AWC2, just over a month after returning to the transpacific lane through a joint AWC service with Dubai-based SeaLead Shipping. AWC2, connecting Guangzhou, Xiamen, Busan and Long Beach, was launched with the 1,800 TEU TS B

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AUGUST 21, 2024

Odfjell signs for newbuild duo Norwegian chemical tanker owner and operator Odfjell is boosting its fleet with two additional newbuild vessels via long-term charter deals. The Oslo-listed company said in its second quarter earnings report it expects the delivery in 2027 and 2028. The move will leave Odfjell with a total of 17 vessels on order, including owned and time-chartered ... Tomini turns to in-house management Tomini has begun the process of bringing the management of its vessels in-house. The Dubai-based dry bulk shipowner has scrapped its commercial management agreement with Denmark's Alpina Chartering and expects the shift of vessels to the new management structure to take place over the coming year. The deal between the two companies stretched over 40 ... NYK to transport green ammonia from India to Japan Japanese shipping line Nippon Yusen Kaisha (NYK) has reached a basic agreement with three other partners for the marine transport of green ammonia to Japan. NYK partnered with Kyushu Electric Power Company, Sojitz Corporation, and a wholly owned subsidiary of Sembcorp Industries, Sembcorp Green Hydrogen. Sembcorp will be in charge of producing competitively priced green ... Third Delta Tankers vessel comes under fire from the Houthis Greece's Delta Tankers' refusal to avoid the Red Sea has seen a third ship in its fleet come under attack today, the first confirmed Houthi strikes in eight days. According to security firm Vanguard, the tanker Sounion, owned and managed by Delta Tankers, was attacked 77 nautical miles west of Hodeidah, Yemen, in the early ... Fredriksen's Northern Ocean gets new CEO John Fredriksen's offshore drilling rig owner Northern Ocean has appointed Arne Jacobsen as its new chief executive, following the exit of Scott McReaken earlier this year. Jacobsen was previously CEO of Orion, a joint venture between Hayfin Capital and Swiss-based offshore drilling giant Transocean. Before joining Hayfin Capital, Jacobsen held leading positions in Songa Offshore ... Economou takes Performace Shipping case to the Marshall Islands after US dismissal George Economou has launched a lawsuit in the high court of the Marshall Islands against directors and insiders of US-listed tanker owner Performance Shipping after his case was dismissed in the US. Last October, the Greek shipping magnate, who owns more than 100 vessels, sued Performance's top executives in the New York Supreme Court, claiming ... US awards $89m to Eversource's offshore wind hub in Connecticut Utility company Eversource Energy has been awarded an $89m grant for its Huntsbrook Offshore Wind Hub project in Montville, in the southeast part of Connecticut. The grant was awarded in the second round of the US Department of Energy's (DOE) Grid Innovation Program. The Huntsbrook OSW Hub proposal was included in the Power Up New ... New Saudi liner buys first vessel Folk Maritime, a recently established Saudi liner, is being linked to its first vessel purchase. Previously using chartered in tonnage for its three services, brokers now report Folk Maritime has bought the 2023-built Vega Daytona from Germany's Vega Rederei, paying $33m for the 1,868 teu ship that delivered last year from Zhejiang Yangfan in China. ... BP hands out engineering contract for Kaskida topsides Houston-based Audubon Engineering has been awarded a contract for BP's Kaskida project in the US Gulf of Mexico. The company will complete topside engineering and design of the Kaskida floating production unit (FPU). According to Audubon, its design philosophies will allow for a faster cycle time and will use experience from previous projects such as ... Blystad's Songa Box acquires two ships from CMB Arne Blystad-backed Songa Box has gone to the Saverys family to expand. Alphaliner is reporting Songa Box has bought two 2,592 teu class ships from Compagnie Maritime Berge (CMB), the Santa Marta Express and the Puerto Limon Express, paying around $46m for the pair, which are currently on charter to Hapag-Lloyd. The ships were built ... Grounded vessel on South Africa's west coast tears further into pieces More than 200 people are being drawn in to ramp up the clean-up of oil from the grounded Ultra Galaxy general cargo vessel after the last few days' wintry and stormy weather on South Africa's west coast teared the wreck further into pieces. The South African Maritime Safety Authority (SAMSA) gave an update yesterday, saying ... Grounded oil barge refloated off Tobago More than six months after it grounded, spewing oil into the Caribbean, the Gulfstream barge has been refloated with a dive team now assessing the overturned vessel before it is towed away from Cove in Tobago to Port of Spain in Trinidad. The government of Trinidad & Tobago has yet to officially pinpoint the blame ... Wind-assisted propulsion nears 'tipping point' for rapid adoption The application of wind-assisted propulsion systems (WAPSs) across a variety of vessel types is nearing a "tipping point" with deployment likely to increase rapidly, according to a new study from Lloyd's Register. The British classification society is warning however that the lack of standardisation for verifying fuel savings and concerns about equipment availability need to ... Bulk carrier crew quarantined in Argentina over suspected mpox case Argentine authorities have quarantined a dry bulk vessel in the Parana River over a suspected case of mpox onboard. The ship was near the port of Rosario when it alerted authorities that "one of its crew members of Indian nationality showed cyst-like skin lesions predominantly on the chest and face," the health ministry said in ...

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AUGUST 21, 2024

Shipowners still adding more scrubbers, via newbuildings not retrofits The spread between very low sulphur fuel oil and high sulphur fuel oil has sunk back from earlier peaks, raising... Houthis target former Eagle Bulk supramax in second attack on Wednesday Hours after hitting Greece-flagged tanker Sounion, Iran-backed Houthis launched attacks on Panama-flagged bulker SW North Wind I, which US-based Eagle... MSC linked to trio of secondhand boxships buys World's largest operator of containerships is said to have purchased a fourth Evergreen 'U-type' post-panamax and a pair of 4,600... Israel touts 'super effective' Iron Dome to assuage concerns of port safety as volumes fall Israeli authorities are seeking to reassure the shipping community that its ports are safe despite the ongoing war, as the... What's holding back e-fuels? E-fuel production could hinge on the US' $369bn Inflation Reduction Act, as companies are facing serious challenges to build viable... Royal Fleet Auxiliary to strike again after 'historic' walk out in August RFA officers have been taking action short of a strike since June 1 and walked out for the first time... Onboard carbon capture no more than a 'transitory' fix Jesse Fahnestock of the Global Maritime Forum is sceptical of onboard carbon capture in the long term. DNV believes the... Marine mutuals can be insurers of choice for offshore green hydrogen, London Club insists No historic data, but pricing a new vessel type will be pretty much like pricing any other gas carrier, argues... Vessel quarantined in Argentina with suspected mpox case The bulk carrier notified local health authorities that a crewmember had become unwell with symptoms in line with mpox, which... EU shipbuilding strategy advancing as Europe boosts industrial policies to counteract Chinese might China's dominance of global shipbuilding is a risk for shipowners that are dependent on Chinese shipyards and finance should China... AAL launches monthly heavylift Europe-to-Asia liner service The service is the latest to be added to AAL's schedules, which also includes a Europe-Middle East-India liner pendulum service... Türkiye awards funding to methanol dual-fuel newbuildings Funding is part of a scrap-and-build scheme that Türkiye expanded to larger vessels in 2024 Third Delta Tankers' vessel attacked in Red Sea this month Delta Tankers-owned Delta Blue and Delta Atlantica were both attacked in the Red Sea by small craft as well as... Chinese crane maker ZPMC shelves $700m capital raising ZPMC's equipment was alleged to be a cybersecurity risk to the US earlier this year South Korean yards duel with double-edged sword of high utilisation rates Management and labour must reach detente in their tug-of-war over wage increases and improved benefits if they are both to... Daily Briefing Lloyd's-backed Maritime Mutual revealed as insurer of Iran-linked tanker Ceres I | Chief executive in sudden departure at Royal Institution...

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AUGUST 21, 2024

Canadian ports, liner operators bracing for rail strike impact Canada's western ports have little capacity to handle idled intermodal cargo should railroad workers strike, but eastern ports have more space to manage any delays. Refurbishments, new projects driving Gulf of Mexico wind cargo uptick Ports along the US Gulf are beefing up infrastructure, equipment, capacity and dock strength to handle king-sized onshore turbines. Asia-Europe ocean market seasonality 'kicking in': BCO network Many European shippers are locked into the peak season that will extend the high volume of Asian imports through the third quarter despite the early movement of orders to mitigate disruption from the longer Red Sea routing. India-US carriers drop August rate hike plans as market begins to resettle As competitive pressures build from a capacity boost on the trade lane, carriers are said to be extending significantly lower rates to their select customers, generally with a validity of one or two weeks.

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AUGUST 21, 2024

No jurisdiction: New York court throws out Economou's Performance Shipping lawsuit Court dismisses shareholder-activist allegations without getting to the merits Owners squeeze charterers as 'flurry of activity' drives VLGC spot rates spike Rates likely to climb further as seasonal peak approaches 'It's like a mini-UN in shipping': Owners adjust to new era as 'old economies' decline China and India are on the rise, owners said at ShipCon on Wednesday Sanctioned Novatek ship crosses Northern Sea Route As mystery swirls over sanctioned Hanwha LNG newbuilding Russian LNG carrier shadow fleet snaps up first newbuilding A new Indian-based ship management company is moving into frame for group of vessels 'Explosions' near ship as Houthis target second ship on same day Unnamed vessel and crew were unharmed in the incident Fire-hit Greek tanker adrift in Red Sea after Houthis launch sustained attack Delta Tankers ship lost power after being hit by a series of projectiles this morning Sanctions-hit Sovcomflot tankers load oil for first time as Russian owner swerves restrictions Aim of delivering oil cargoes to Asian markets is seen as a test of the strength of Western sanctions regimes Phone almost rang off the hook as shipping investors woke up to future fuel plays, top banker says Turner Holm told conference that the investor interest is there to fund shipping's green transition Fire-ravaged Greek tanker adrift in Red Sea after Houthis launch sustained attack Delta Tankers ship lost power after being hit by a series of projectiles this morning Clarksons investment banker: Phone almost rang off the hook for green ammonia project Turner Holm told conference that the investor interest is there to fund shipping's green transition Odfjell adds two tankers to beef up newbuilding orderbook Chemical tanker specialist says newbuildings are set for delivery in 2027 and 2028 Product tanker newbuilding orders pile up at second highest rate on record Contracting hits 18-year high as major players build their fleets Global conflict has silver linings for shipping, whether we like it or not Conflicts create opportunities, but there are still big risks for the industry Christen Sveaas' Kistefos profits from Western Bulk Chartering and Viking Supply Ships upturn Western Bulk 'has a clear market view into the second half of the year' Multiple UK oil price cap probes yet to yield single fine despite fears of regular sanctions busting UK sanctions enforcement unit has not imposed any fines for British-linked price cap breaches Kristen Sveaas' Kistefos profits from Western Bulk Chartering and Viking Supply Ships upturn Western Bulk 'has a clear market view into the second half of the year' Third Delta Tankers ship targeted in a month as vessel hit by 'projectiles' and small arms Ship was apparently left without power after Wednesday's attack in the Red Sea Profit, politics and port strikes: How disruption could make shipping a political target Efforts to avert a shutdown from Maine to Texas are complicated by politics, and shipping could be painted as the bad guy Three-pronged Houthi attack leaves ship disabled in the Red Sea Three projectiles fired at vessels after small arms firefight Hundreds of responders sent to tackle oil spill from bulker wreck Country's maritime regulator says weekend storms caused the grounded vessel to completely turn over Hoegh LNG eyes incoming tenders despite being sold out on FSRUs Development activity high on European ammonia, hydrogen and carbon capture and storage projects Awilco LNG completes refinancing of its two LNG carriers One vessel starts trading spot after being redelivered from its medium-term contract Highest number of crude carriers moving oil products in 25 years, shipbroker says Steem1960 Shipbrokers has never seen this many crude tankers moving petroleum products DOF Group raises 2024 guidance after 'milestone' deal with Maersk Supply Service Transaction is expected to be closed during fourth quarter Norwegian subsea player lines up five years of Mexican work Extensions see DeepOcean vessel continue to work on inspection maintenance and repair services for Diavaz South Africa send 200 responders to tackle oil spill from Ultra Galaxy wreck Country's maritime regulator says weekend storms caused the grounded vessel to completely turn over Tight chemical tanker market sees Odfjell deliver another 'record' quarter Oslo-listed owner expects to see a slightly weaker third quarter 'Unprecedented growth': Modi government aims to propel India into shipbuilding top tier Ambitious Shipbuilding Policy 2.0 aims for major boost to industry