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NOVEMBER 26, 2024

Deendayal Port Authority setting benchmarks as India's most cost-effective trade gateway Milaha enhances data & AI solutions with Google Cloud DGFT probes sugar exports to Maldives diverted to Lanka Predicting the movement of ocean container shipping rates calls for a data-driven approach: Report India achieves 200 GW renewable energy capacity CONCOR inaugurates full integration of e-billing system with GeM Portal in real-time Karaikal Port sets operational records in October Govt to present 3 new shipping bills in Parliament Major ports' cargo volume dips by 3.2 pc in Oct. Proposed Bengaluru-Mumbai Industrial Corridor a transformative initiative: NICDC Implementation of Export Transshipments for movement of export cargo from Bangladesh to third Countries from JNPA Port under jurisdiction of JNCH, Nhava Sheva, by Rail or Road vide CBIC Circular No. 29/2020-Customs dated 22.06.2020 Chennai Port welcomes the historic arrival of a modern sail ship PIL to implement Congestion Surcharge at Port Louis Panama Canal allows swapping and substitution of booking slots between container vessels for Cooperative Working Agreement members from next year Agreement inked to optimise connectivity between PSA's Deepsea Terminals and Combinant Rail Terminal in the Port of Antwerp AD Ports Group inks agreement with Egyptian govt to explore building first-of-its-kind industrial zone in East Port Said

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NOVEMBER 26, 2024

Questions after DHL crash in Vilnius Budapest to get an intermodal terminal A promotion for Dave O'Brien UAE: promoting economic competitiveness Kalmar cranes to cut emissions at Tanger Med From Seko to AGS VR sells road logistics business Roadrunner changes hands Egypt and UAE partner for East Port Said zone "Curiosity of the Day" Duvenbeck Group picks COO Approval for first converted e-truck in France DX acquires in Northern Ireland

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NOVEMBER 25, 2024

Crew member dies as DHL aircraft crashes at Vilnius, raising security fears Indian shippers brace for port strikes over 'promises not kept' The strange tale of risk and reward in global liner trades News in Brief Podcast | Week 48 | Port 'musical chairs', rates and MSC u-turn UPS, the SEC and goodwill treatment - a dangerous precedent is set LTL price hikes by US carriers expected to stick, despite softer market OceanX: Effortless success for liners; M�rsk job ads; zombie start-ups... Near-shoring shippers eye Miami Airport as the gateway to the US consumer Zim steams ahead with LNG newbuilds - 'a commercial differentiator' HMM part of consortium to operate Incheon's first automated terminal Wider responsibility and seat on Davies Turner & Co board for Dave O'Brien

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NOVEMBER 25, 2024

Ingalls lays keel of future USS Sam Nunn (DDG 133) The keel for the future USS Sam Nunn (DDG 133), an Arleigh Burke-class guided-missile destroyer, was laid during a ceremony on Nov. 22 at HII's Ingalls Shipbuilding division The ship's name honors Insotel Marine Group and MSC have plans for new Spanish high speed ferry services The Balearic Islands based Insotel Marine Group says that it has reached an agreement with MSC (Mediterranean Shipping Company) to develop a new alliance targeting the Spanish ferry market. Ibiza-headquartered Insotel Marine Op-Ed: Maritime insurance adapts to rising cyber threats By Ed McNamara, CEO at Armada Risk Partners Increasingly complex and sophisticated cyberattacks on the maritime industry are soaring at unprecedented levels. There have been numerous successful cyberattacks and ransomware incidents targeting ports, airports New agreement paves way for WindWings to expand in Japanese market As adoption of wind-assisted propulsion systems (WAPS) ramps up, BAR Technologies' WindWings could be set to get a significant slice of the Japanese market. It has signed a Memorandum of Understanding (MoU) Op-Ed: Data's growing importance for shipping in 2025 By Rene B. Christensen, CEO, Green Instruments Every year, shipping is faced with new requirements to protect the climate and the environment, and 2025 is no exception. Increased EU requirements for documentation Pamela Maxwell joins IRPT's We Work The Waterways staff Pamela Maxwell has joined the We Work The Waterways (WWW) team at Inland Rivers, Ports & Terminals (IRPT) as assistant program director. She brings with her 24 years of education and leadership Five years into IMO 2020, cat fines woes persist As the fifth anniversary of the IMO 2020 sulfur cap approaches, fuel compatibility and viscosity problems continue to result in marine engine component damage and high cat fines, says testing and monitoring

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NOVEMBER 25, 2024

How to Teach Your Kids Internet Safety The internet is a powerful resource for learning, creativity, and connection-but it must be navigated thoughtfully. By understanding the risks, staying informed, and providing your kids with essential guidance, you ensure they can make the most of the internet's positive aspects while staying protected. To help parents monitor their child's safety and communications, it's important to understand Choosing the right forestry mulcher: factors to consider for optimal results Forestry mulchers play a crucial role in land management and vegetation control, serving as versatile tools for various applications ranging from agricultural projects to environmental restoration. These machines are engineered to handle a diverse array of tasks , efficiently transforming dense vegetation into manageable mulch. As the demand for effective land clearing solutions continues to rise Peel Ports to invest US$38 million in new RoRo berth at Sheerness port Peel Ports Group is committing US$38 million to the development of a new Roll-on/Roll-off (RoRo) berth at the Port of Sheerness to meet increasing demand from both new and existing customers. This project will introduce an in-river vessel berth and a floating pontoon, enhancing the port's capacity to handle RoRo cargo and accommodate larger vessels over 230 meters in length. The upgraded faciliti Port of Oakland reports container volume growth The Port of Oakland continues to experience growth in container volumes. "Overall, the Port's loaded import cargo is trending towards its pre-pandemic level," stated Bryan Brandes, Maritime Director at Port of Oakland. He added, "This steady increase in import volume in 2024 is an encouraging trend. We are also seeing a rise in US agricultural exports through Oakland. Thanks to refrigerated wareh Stainless Steel Screws for Containers: The Best Solution for Strength and Longevity Stainless steel screws form an indispensable part of containers used in several fields like shipping, food storage, and industrial applications. Right from environmental stresses to prevention of corrosion and reliability, containers demand their fasteners to be highly robust. Stainless steel screws for containers are, therefore, specially designed to provide efficient advantages over all other t The Role of Direct-to-Consumer Models in the eBike Industry Source The eBike industry has grown rapidly in recent years, driven by consumer demand for sustainable and efficient transportation options. One of the most significant shifts within this space is the adoption of direct-to-consumer (DTC) sales models. These models allow brands to connect directly with customers, eliminating traditional retail middlemen. This approach streamlines the purchasing pr Port of Barcelona unveils first OPS system for ferries at Grimaldi Terminal The Port of Barcelona has installed its first Onshore Power Supply (OPS) system for ferries at the Grimaldi terminal on Sant Bertran Wharf. This milestone sets the stage for the system to become operational by January, enabling ferries docked at the city's closest commercial wharf to switch off their engines and run entirely on renewable electricity supplied by the OPS. This transition will signi Hapag-Lloyd updates China Germany Express (CGX) service Hapag Lloyd has announced a change in its weekly service rotation starting January 2025, introducing expanded port coverage across Asia and Europe. The new rotation will include calls at Yangshan (China), Ningbo (China), Yantian (China), Singapore, Tema (Ghana), Southampton (United Kingdom), Rotterdam (Netherlands), and Wilhelmshaven (Germany). The first vessel to operate on this revised rotation Tips for Financing a Shipping Container Buying a shipping container can bring new opportunities for the freight business. Shipping containers are highly versatile. They can be used for moving goods, storage, mobile offices, shops, or even temporary housing. There are many ways to make money with them. Of course, any worthwhile opportunity requires funding. How can you best finance a shipping container? Read on to find out. Assess Your What Are the Features of Rough Terrain Forklifts? Rough terrain forklifts are beneficial in industries that require the operation of forklifts in areas like construction sites, farms, and lumber yards. These machines are unlike normal forklifts because they are specifically built for rough terrain, big loads, and bad weather. Unlike standard forklifts, these specialized machines are designed to handle uneven surfaces, heavy loads, and adverse we The competitive dynamics of Port Klang and Laem Chabang in regional trade Both Thailand and Malaysia boast dynamic economies fuelled by their common commitment to the shipping sector. 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. Understanding the Initial Enrollment Period (IEP) for Medicare Navigating Medicare enrollment can feel overwhelming, especially for those new to the system. One critical period to understand is the IEP for medicare. This seven-month window provides the first opportunity for eligible individuals to enroll in Medicare Parts A, B, C, and D, ensuring they receive timely coverage without incurring unnecessary penalties. Here's what you need to know about the IEP What Can I Do After Getting a Green Card in the USA, and How Long Does It Last? Obtaining a green card in the United States is a significant milestone, granting individuals lawful permanent resident (LPR) status. While the biometrics to green card process time can vary depending on the case and location, it typically takes several months to a year. Once obtained, a green card opens the door to a wealth of opportunities and rights, along with specific responsibilities. Unders Weekly Stock Performance of Global Container Shipping Companies The container shipping industry faced another week of mixed performances, as global trade challenges and economic uncertainties continued to influence investor sentiment. Volatility in freight rates, coupled with evolving geopolitical dynamics, played a key role in shaping stock movements. While some companies managed to build on positive momentum, others struggled with declining valuations as ma

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NOVEMBER 25, 2024

MOL contracts very large gas carriers in South Korea Japan's Mitsui OSK Lines (MOL) has been linked to a double order for very large gas carriers (VLGCs) in South Korea. The Tokyo-headquartered shipping giant has contracted both Hanwha Ocean and HD Hyundai Heavy Industries to each build two 88,000 cu m units for delivery in the second half of 2027, according to brokers. The ... Velesto wraps up removal of wrecked jackup rig Offshore drilling unit of Malaysia's Velesto Energy has completed the wreck removal of its Naga 7 jackup rig, which sank off the coast of Sarawak in Malaysia in 2021. The incident occurred at the worksite while operating for a client due to rapid penetration into the formation in May 2021, when the rig tilted and ... EMGS wins survey contract off India Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has won a contract from an undisclosed client for a survey in India. The Oslo-listed company said in a filing it would utilise the 2001-built Atlantic Guardian for the project. The vessel is expected to start transit from Norway in the fourth quarter of 2024. The so-called controlled ... Seatrium and Cochin Shipyard form jackup rigs tie-up Singapore shipyard group Seatrium has joined forces with Indian builder Cochin Shipyard in the offshore sector. The two yards have entered into a memorandum of understanding on the supply and design of equipment for jackup drilling rigs. The tie-up aims to capitalise on opportunities for mobile offshore drilling units (MODUs) specifically designed to meet the ... Amoysailing Maritime seals winning bid for another ultramax Amoysailing Maritime has nailed its third top bid at a Chinese online auction this year. Broking sources tell Splash that the Chinese owner has taken advantage of softening prices, adding its fifth purchase this year and its third seven-year-old ultramax bulker in a row, the Great Century, built at one of China's most reputable years, ... Hayfin moves for two Norden capes UK-based Hayfin Capital Management has been linked to the acquisition of two capesize bulk carriers owned by Danish shipping giant Norden. According to brokers, Nord Energy and Nord Power, built in 2012 at Hanjin Subic, have been sold for $32m each. The two vessels are scheduled for their next drydockings in early 2028. This follows ... Havila Shipping scores Equinor extension hat-trick Norwegian OSV owner and operator Havila Shipping has secured contract extensions with Equinor for three ships. The Fosnavåg-based firm said Monday that the energy major had exercised one-year options for the 2003-build RRV Havila Troll, and two platform supply vessels; the 2012-built Havila Charisma and the 2008-built Havila Foresight. The new contracts will start in ... Idan Ofer cashes out of ZIM Israeli billionaire Idan Ofer is cashing out of ZIM after 25 years. Ofer's Kenon Holdings has announced it will sell 14.8m shares in the Israeli carrier for $360m, having sold another 5m shares in July this year. Ofer will be left with 5m shares, which are in a collar transaction due to expire in July ... Swedish and German vessels join Danish frigate monitoring Chinese bulker linked to cable ruptures Swedish and German vessels have joined a Danish frigate in keeping an eye on the Yi Peng 3, a 23-year-old panamax bulk carrier owned by Ningbo Yipeng Shipping, linked to the severing of two data cables in the Baltic Sea earlier this month. The ship departed from the Russian port of Ust-Luga heading to Port ... Alex Saverys hails results from latest CMB.TECH share tender as a vote of confidence Compagnie Maritime Belge has managed to win just over 92% of the shares of CMB.TECH in a second tender to take control of the company formerly called Euronav. Alexander Saverys, CEO of CMB.TECH, said: "We can finally turn the page on the tender offer for the shares of our company. The fact that very few ... Tim Wilkins takes the reins at INTERTANKO Tim Wilkins has been promoted to become the managing director of the International Association of Independent Tanker Owners (INTERTANKO) having been with the organisation since 1999. There's also been a change in chairman. Wilkins will take over from Katharina Stanzel on January 1. Stanzel, who has headed up INTERTANKO since 2012, has decided to step ... Shipping toasts best year for tonne-mile growth since 2010 The Red Sea shipping crisis - and to a smaller extent, the drought in Panama - have led to the strongest growth in tonne-miles registered this year since 2010, helping prop up rates to highly profitable levels for most shipping sectors. According to data from Clarksons Research, seaborne trade remains on track to record a ...

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NOVEMBER 25, 2024

Shipping M&A 2025: Not as strong as 2024 but deal flow may surprise to upside Lower share prices could spur more private takeovers of public companies in 2025. M&A transactions could also be driven by... Diana trims dividend as bulk market softens Fleet is slightly reduced from last year but Diana has invested in methanol newbuildings and offshore support vessel newbuildings StealthGas sails towards record year as LPG rates hit high note Rates for pressurised vessels at historical highs, 'particularly in Europe' where most of owner's ships are deployed Containership charter frenzy shows no signs of abating The forward fixture of post-panamax containerships is being stretched out to 2026 as liner operators seek to secure the limited... BIMCO releases FuelEU clause for time charterparties BIMCO has released its clause to help owners, charterers and others align their time charterparty contracts to prepare for FuelEU... The week in charts: A year of Houthi terror in numbers | Container spot rates to US west coast keep falling | Ukraine's maritime trade forced offline Lloyd's List highlights the numbers behind a year of Houthi attacks on shipping, spot freight rates for container shipments from... More consolidation coming for shipmanagers Big third-party shipmanagers are getting bigger and smaller ones are getting together in search of economies of scale UK sanctions 30 ships and two Russian insurers in biggest dark fleet crackdown yet Among those sanctioned is one tanker that refused to provide its marine insurance details when sailing through the English Channel... Idan Ofer buys Oaktree's $3bn Fleetscape portfolio Oaktree's continued exit from its shipping portfolio has seen the once dominant private equity player sell its ship leasing arm... MSC and ENI sign sustainability MOU Included in the agreement is the potential use of LNG as a fuel, as well as hydrotreated vegetable oil and... Tim Wilkins to take over at Intertanko Stanzel has led the association of tanker owners since 2012, but will step down at the end of 2024 after... The week in newbuildings: MPV orders on the rise Vertom Group has boosted its orderbook for multipurpose cargo vessels at Indian shipyard Chowgule, while Navigare Shipping has contracted four... Chinese steel output strengthens in October India and Brazil continue to demonstrate strong growth in steel production, data from the World Steel Association shows, while production... London Club is insurer of suspected cable-cutting Chinese bulker at centre of sabotage investigation Bulk carrier was confirmed as entered with the London Club, which is operated via A Bilbrough & Co and a... Jiangnan delivers first large LNG carrier to Adnoc, eyeing expansion in the Middle East market Lin believes that Chinese shipyards are capable of competing for a larger market share in LNG carrier construction American Club targets 7% premium increase The smallest P&I club in the International Group cited the increased value of claims and continued geopolitical conflict as reasons... The Daily View: A welcome step Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping Daily Briefing 25 November 2024 Panama flag begins registry clean-up to kick out substandard, sanctions-circumventing ships | Hong Kong urged to accelerate, yet tread carefully...

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NOVEMBER 25, 2024

Montreal port employers, union agree to mediation in talks for new contract The move effectively allows both sides to avoid having to agree to a deal brokered by Ottawa, as had been ordered by the country's labor minister. Smart container vendors create alliance to tackle drug smuggling threat The use cases for sensor-enabled container fleets could expand if shipping lines see such hardware as a legitimate tool to combat the threat of illicit goods movement. Schneider bolsters US East Coast business by acquiring Cowan Systems The $390 million deal for Cowan will boost Schneider's dedicated trucking segment to 8,400 tractors, representing 70% of its total fleet. Heavy equipment production slowdown to hit ro/ro trade as demand softens A decline in sales of high-and-heavy equipment for the bellwether roll-on/roll-off cargo providers will reduce demand for breakbulk carriers.

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NOVEMBER 25, 2024

Shareholders throw in the towel in lawsuit over Kalani's backing of Diana Containerships After judge issues order asking why he should not throw out the case, plaintiffs' withdraw Idan Ofer plots takeover of Oaktree-backed ship leasing specialist Deal would take the shipowner into new territory and continue the private equity firm's shipping selldown Trading kicks off on EEX launch day of new LNG freight futures contract Clarksons becomes first to broker latest addition to LNG offering Longtime International Seaways chairman Douglas Wheat steps aside Leader steps into emeritus role as company veteran Ian Blackley assumes the chair Semiramis Paliou-led Diana cuts dividend as profits inch up in third quarter Bulker owner's profitability remains fragile in 2024 Perenco advances new barge-based FLNG project for Cap Lopez in Gabon Conversion work set to kick off in Sharjah with arrival of hull StealthGas on course for new profit record as charter income comes in strong Harry Vafias-led outfit increases profitability, despite increased dry dockings and absence of one-off gains Boost for suezmaxes as tankers fixed to ship new Nigerian crude Spain and the US busy taking fresh Utapate barrels Ravi Mehrotra tipped for $81m VLGC buy from Petredec Global Large gas carriers still finding buyers in the secondhand market as freight rates slump Cash-rich Hoegh Autoliners snaps up its own shares to reward bosses Car carrier owner spent $3.9m on stock in Oslo in past few days Gianluigi Aponte turns MSC's firepower towards the charter market Having bought up more than 400 boxships, container shipping supremo Gianluigi Aponte shifts strategy Capesize spot rates sink further as cheaper panamaxes threaten to poach cargo Things are a little better in the Pacific for capesizes UK's biggest shipping sanctions package targets tankers and Russian insurance companies British government names 30 ships and two insurance firms in latest measures targeting Russia's oil trade LNG membrane tank designer GTT breaks into Middle East with new Qatar office QatarEnergy's 128 LNG carrier newbuildings order pushes French tech firm to move closer to clients Investors pricing in 26% plunge in MR tanker values in weaker secondhand market Clarksons Securities notes prices falling by $1m last week on average across crude and product carriers Heavyweight clash: Japanese giant, private equity player and trader battle for $1.6bn terminal deal Big names linked to takeover of global bulk liquid storage operation Lay-up 'a consideration' for LNG carriers as spot rates crash to fresh lows Levels for modern vessels plummet up to 40% in a week to below $20,000 per day Dali P&I provider reports big premium rise for 2025 Britannia's plan for 7.5% targeted increase is the largest so far Flag-hopping VLCC sold again as vintage tanker values take a tumble Tricia II began life in the NYK stable, but ownership has been murkier in the past few years 'Persistent' tanker weakness causing concern as aframaxes suffer most, says Gibsons Rates coming under heavy pressure in fourth quarter All change at Intertanko as Paolo d'Amico and Katharina Stanzel step back Chairman and managing director handing over the reins to Rolf Westfal-Larsen and Tim Wilkins 'Significant milestone': Eni Congo FLNG newbuilding named and floated out in China New floater to be in place by end-2025 boosting on site production to 3 mtpa Tankers transferring 1m barrels per month of Russian oil off Greece Data from Vortexa shows how cargo switching has grown in the Aegean Sea 'Inappropriate or insufficient information': IMO highlights flaws in ship casualty reports Key data is missing from more than one-third of reports assessed by experts 'Amazing investment': Idan Ofer sets up bumper Zim exit with $720m share sale in Wall Street cash machine Shipowner set for huge payday after hiring two major banks to sell holding in New York-listed container ship company Smallest P&I club seeks biggest premium rise as The American Club plans 7% hike Club's premium rise is so far the largest announced by international group members Fearnley lowers Frontline profit forecast as VLCCs face 'changing seasonality' Analysts believe greater importance of Atlantic market means peak earnings now come in first quarter for owners 'Mind-boggling' tonne-miles growing at fastest rate for 14 years, Clarksons says Researcher Trevor Crowe explains why vessel demand is growing significantly

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NOVEMBER 25, 2024

Mediation for Montreal port labor talks Terminal operators and ocean carriers at the Port of Montreal have agreed to mediation in bargaining on a new longshore contract. Red Sea attacks turn green for Zim investor Israel's richest man exits Zim shipping as Red Sea attacks send ocean lines' profits soaring. DHL cargo plane crashes trying to land near Lithuania airport A DHL cargo plane crashed Monday morning in Lithuania, killing one and leaving three others injured. 'No big bang' for peak season air cargo business The air cargo market has enjoyed a banner year, but the peak shipping season is less pronounced.