DP World secures LEAPS recognition for excellence in warehousing services
APSEZ adds to pan-India port network by acquiring Gopalpur Port in Odisha
Roadmap to be prepared for increasing participation of women in logistics sector: DPIIT
DGFT notifies extension of onion export ban
Suspension of operations at B/17(O) of HDC for refurbishment
Asia Pacific export tonnages and rates continue to rise; demand & rates from Middle East & South Asia on the ascent; disruptions to container shipping in Red Sea benefit
CargoAi launches innovative Air Freight Load Board feature
UPS continues growth investments in Asia Pacific
Certain FTA certificate verification in TSK under CAROTAR Rules-2020
Basmati shipments seen crossing $5 bn in FY24
India offers grant to develop port in N. Sri Lanka
Maritime Development Fund likely this year
Rotterdam Port Authority calls on EU to position ports smartly for future-proofing Europe
Container vessel causes bridge collapse in US; vehicles & people plunge
VIDEO: Massive response underway after Maersk ship strikes Baltimore bridge There are more questions than answers this morning as Americans wake up to the news of a 948-foot Singapore-flagged containership, chartered by Maersk, having smashed into the Francis Scott Key Bridge in
Carnival orders its second new Excel-class ship this year Carnival Corporation has followed up the order for a newbuild Excel-class LNG-fueled cruise ship that it placed with Meyer Werft in February with an order for a further ship in the class.
South Carolina Ports handles over 200,000 TEUs in February In February, South Carolina Ports (SC Ports) processed 202,349 TEUs and 111,902 pier containers, marking a marginal increase compared to the same month in 2023. Notably, loaded import TEUs surged by 11% compared to February of the previous year, indicating robustness in the broader economy. The performance of inland ports and rail volumes has remained consistently strong month after month. Inland
Innovative Ways Business Owners Use Shipping Containers Shipping containers offer creative solutions for various business needs. Beyond their traditional role in transportation, can serve a variety of purposes that help entrepreneurs, small business owners, and startups cut back on operational expenses. In this article, we discuss the many unconventional and ingenious applications of shipping containers, from self-storage facilities and alternative of
5 Uses for Flat Pack Storage Containers From residential to commercial applications, flat pack containers offer an innovative storage solution. These modular units, constructed from durable materials like steel, are delivered in a disassembled state, making them highly portable and easy to transport to virtually any location. This guide explores the various uses and benefits of flat pack storage containers. Whether you're a homeowner i
Setting Up a Self-Storage Facility with Storage Containers Self-storage facilities can be lucrative for entrepreneurs looking for mostly hands-off business ideas. One of the more innovative approaches to starting a self-storage facility is the utilization of storage containers. These containers offer a cost-effective and flexible solution for business owners entering the booming self-storage market. In this guide, we navigate through the essentials of se
Shipping Containers vs. Storage Containers: What's the Difference? If you have ever heard of shipping container storage, you have likely wondered how shipping containers are used and repurposed for storage needs. While standard shipping containers and those specifically adapted for storage purposes both serve as robust vessels for transporting goods, their functionalities diverge when it comes to storage applications. In this article, we delve into the distinct
Estée Lauder opens distribution center in Singapore in collaboration with Bolloré Logistics In early 2024, the Estée Lauder Companies Asia-Pacific (ELC APAC) inaugurated its regional distribution centre operations in collaboration with Bolloré Logistics at Blue Hub in western Singapore. The official ribbon-cutting ceremony, including speeches from management teams of ELC APAC and Bolloré Logistics, brought together over 50 attendees. This event signifies a fresh milestone in the partner
Maersk to omit Baltimore calls as Singapore authority reveals ship "lost propulsion" before incident Maersk Line's five services that call at Baltimore port will be affected by the collapse of Francis Scott Key Bridge . The bridge collapsed after the Maersk-operated 10,000 TEU Dali hit one of its pillars after coming out of Baltimore Port's Seagirt terminal. Maersk said its TA2 and TA5 Transatlantic services, TP12 Transpacific service, Amex (US East Coast-South Africa service) and AGAS (US East
cargo-partner enhances UK/Ireland-China network With 20 offices in China, Hong Kong, Macao and Taiwan and operational teams in Dublin, Manchester, London, Bradford, and Basildon, cargo-partner is positioned to provide seamless import and export solutions between the United Kingdom, Ireland and China. Leveraging its infrastructure, extensive network and growing operations within the UK and Ireland, cargo-partner said it can ensure the efficient
Are Flat Pack Containers the Future of Self-Storage? As the demand for flexible and cost-efficient storage options continues to rise, flat pack containers can be a game changer for achieving effective storage solutions. These containers offer the unique advantage of being easily transported in a flat-packed state and assembled on-site, providing convenience and versatility unmatched by traditional storage units. This guide dives into the myriad ben
Leschaco Group to open cutting-edge warehouse in Netherlands Leschaco Group, a global logistics provider, is set to inaugurate a state-of-the-art warehouse facility in Moerdijk, the Netherlands in the next month. Strategically positioned between the busy ports of Rotterdam and Antwerp, this new chemical logistics centre in Moerdijk, is expected to ensure optimal connectivity to the European hinterland, facilitating cost-effective, quick and frequent transp
COSCO SHIPPING signs strategic cooperation deals COSCO SHIPPING announced the signing of two cooperation agreements earlier in March in Shanghai. COSCO SHIPPING and CITIC Group, a large multinational conglomerate specializing in both financial and industrial development, inked a strategic cooperation agreement in Shanghai on 18 March. Under the terms of the agreement, the two companies will collaborate to embrace the new development concepts th
CNC Line launches new service between Indonesia, China and South Korea CNC Line has announced the introduction of a new service , called KCI, a weekly service directly linking Indonesia with South China and South Korea. KCI said it will need six days to transit from the port of Surabaya in Indonesia to the port of Shekou in China. CNC Line's KCI will commence on 25 March with the following port rotation in an one-way rotation: Jakarta (Indonesia) - Surabaya (Indones
EUROGATE implements CONROO's gate pass for enhanced terminal security EUROGATE Container Terminal Hamburg (CTH) will implement CONROO's GATE PASS solution, enabling fully digital verification of truck drivers. The primary goal is to enhance efficiency and security across all processes at EUROGATE container terminals. EUROGATE is embracing CONROO's APP solution from the hinterland, aligning with the principles of eco-friendly combined transport and supporting busine
Profiteering lines take shippers to the cleaners Major container carriers are using the European Union Emissions Trading System (EU ETS) to fleece their customers, over-charging for the carbon trading scheme by thousands of euros, according to a leading environmental organisation. A study by the Brussels-based Transport & Environment (T&E) pressure group analysed 565 journeys taken by 20 vessels to and from Europe operated by Maersk, Hapag-Lloy
Kuehne+Nagel opens new fulfillment center in Northeast United States Global logistics company Kuehne+Nagel unveiled details of a new contract logistics fulfillment center in Piscataway, New Jersey, US. The new facility is located approximately two miles from Kuehne+Nagel's existing facility for a luxury retail brand. The 9,300m² fulfillment center serves as a fashion hub reflecting the company's continued commitment to serving customers in the fashion and luxury m
Euroseas completes retrofits of 6,350 TEU vessel Euroseas, a Greek owner and operator of container vessels, announced the successful implementation of several "energy saving devices" on its 6,350 TEU boxship Marcos V. This strategic move aims to enhance fuel efficiency by approximately 25% within the vessel's commercial speed range. The investment coincided with the ship's scheduled dry-docking and special survey, with funding provided by the v
MSC commences new Panama-US East Coast service The Swiss/Italian container carrier MSC has announced the launch of a new connection between Panama and the US East Coast. The world's largest box line will start a service, called Wilmington Feeder, according to Alphaliner, which will be operated by three container vessels in the range of 2,800 - 4,100 TEU capacity. The port rotation of the Wilmington Feeder service will be Colon (Panama) - Wilm
Carriers playing catch-up to further tilt supply-demand imbalance Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing a 66% growth from its current fleet at an annualised growth rate of 10% per year. The plan will demand capital investments of US$25 billion and a further US$10 billion in associated assets over the next five years, which could also include the transfer of
Maersk-operated ship knocks down Baltimore bridge The Singapore-flagged container vessel Dali, which is operated by the Danish shipping giant Maersk, crushed into a road bridge in Baltimore, US. The Francis Scott Bridge over Patapsco River collapsed around 1.30 am (Baltimore time) on 26 March, after being hit by the 10,000 TEU boxship, which was chartered by Maersk and is deployed on an Asia-US East Coast service. Dali was operated on one of the
CMA CGM updates rates from Asia to North Europe CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 April 2024 (loading date) until further notice. These updated FAK rates are applicable for shipments originating from all Asian ports (including Japan, South East Asia, and Bangladesh) destined to all North European ports (including the United Kingdom and the entire range from Portugal to Finland/Estonia). The new rates cove
Terntank sings for more methanol and wind-ready tankers Tanker owner Terntank has returned to China Merchants Jinling Shipyard in Yangzhou for more battery hybrid, methanol and wind assist-ready ships. The company established on the Swedish island of Donsö, which now operates from Skagen in Denmark, has added one further 15,000 dwt unit to three already under construction at the yard and secured an ...
BW snaps up Stena Bulk LNG carrier brace BW Group's gas shipowner BW LNG has bolstered its fleet with the acquisition of two LNG carriers from Swedish tanker owner Stena Bulk. The 2011-built tri-fuel diesel electric (TFDE) vessels Stena Crystal Sky and Stena Clear Sky have been picked up for an undisclosed sum and renamed BW ENN Crystal Sky and BW Clear Sky, ...
Life sentence for ex-head of SIPG The former head of Shanghai International Port Group. (SIPG), and China's ex-footballing supremo, was handed a life sentence today for taking bribes worth $11m in a huge graft scandal that has rocked the country's footballing establishment. Chen Xuyuan sought "improper benefits for multiple football clubs and local football associations, seriously damaging fair competition and order ...
Exmar sells accommodation barge Belgium's Exmar has revealed the sale of one of its offshore accommodation barges. The Nicolas Saverys-controlled company, best known as a gas shipowner and infrastructure provider, said the Wariboko had been sold for an undisclosed sum, without naming the buyer. The unit was built in 2010 and later purchased by Springmarine Nigeria a joint venture ...
Lotos Petrobaltic orders CTV from Strategic Marine Singapore-based shipbuilder Strategic Marine has won a contract for the construction of a CTV for Poland's state-owned firm Lotos Petrobaltic. This CTV will join the existing fleet managed by Miliana Shipmanagement, a company belonging to the Lotos Petrobaltic capital group, which owns five offshore vessels. The CTV is scheduled to be completed this summer, with ...
Adani buys majority stake in Gopalpur Port India's Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to purchase a 95% stake in Gopalpur Port Limited. The stake will be bought from two companies - a 56% stake was bought from the SP Group while 39% was bought from Orissa Stevedores. The acquisition is made at an enterprise ...
Eni, Fincantieri and RINA join forces to aid shipping's path towards net zero Three well-known names in Italian maritime are joining forces to develop joint initiatives for the energy transition. Energy major Eni is partnering with Fincantieri, Italy's top shipbuilder, as well as RINA, the Italian classification society, to push maritime towards net zero by 2050. Giuseppe Ricci, chief operating officer for energy evolution at Eni, commented: "The ...
Mass casualties feared as boxship takes out bridge in Baltimore Many are feared dead in Baltimore following a dramatic bridge collapse tonight after the 9,962 teu containership smashed directly into one of the bridge's pillars. The Maryland Transportation Authority and US Coast Guard confirmed an incident on the Francis Scott Key Bridge. It is being seen as a developing mass casualty incident with multiple vehicles ...
ONE unveils plans to join the 3m teu club With more than one new containership delivering every single day this year, the avalanche of box newbuilds shows no sign of easing, despite analyst overcapacity concerns. Japan's Ocean Network Express (ONE), the world's sixth largest liner, has announced a medium-term business plan to grow its operated fleet to 3m teu by 2030, at an annualised ...
Pan Ocean VLOC slashes fuel bill via use of autonomous navigation Avikus, the autonomous navigation in-house start-up developed by South Korea's largest shipbuilder, HD Hyundai, unveiled results from further recent trials, suggesting AI-controlled ships can save significantly when it comes to fuel bills. Verified results from a Pan Ocean VLOC travelling back and forth between Singapore and Brazil have shown to reduce fuel use by as ...
Maersk denies Houthis' claims of targeting US-flagged boxship The Houthis claimed to have attacked four commercial ships during a 72-hour period in a social media post on Tuesday...
Baltimore bridge collapse blocks key US coal gateway The latest shipping chokepoint to emerge - the collapsed bridge in Baltimore - is particularly relevant to the coal trade. It will...
Tanker implicated in Euronav Iranian oil saga blacklisted for Houthi links Ofac sanctions two tankers, six entities and one individual for facilitating trade with the Islamic Revolutionary Guard Corps-Quds Force, the...
Maersk and MSC overcharging cargo owners for EU ETS, says T&E Lobby group Transport & Environment estimates annual ETS profits for certain boxships will be more than $1m, as ETS surcharges...
Baltimore bridge disaster set to disrupt premier US ro-ro import centre ACL chief executive Andy Abbott says ro-ro vessel operators will have a difficult time finding the necessary parking areas for...
Vessels divert following Baltimore bridge collapse Ships scheduled to call at Baltimore begin to reroute to alternative ports in the region following Tuesday's tragedy in the...
Cargo owners could boost trade in Shanghai's container futures, says analyst Some major consumer good producers are eyeing up the use of container freight futures. These may be a hedging tool...
P&I clubs face huge bill for Baltimore bridge strike Cost of Dali casualty could top entirety of 2021-22 record-breaking pool scheme payout
Hanwha wins $1.8bn LNG carrier order linked to Qatar's fleet expansion Order is believed to be part of the shipbuilding MOU that Hanwha Ocean signed with QatarEnergy earlier this month
Ørsted to get US funding for Texas e-methanol plants Ørsted was chosen to start talks for up to $100m in US government funding to build its Star e-Methanol plant...
Six still missing after Baltimore bridge collapse Rescuers are searching the Patapsco river for six missing people after the Maersk-chartered boxship Dali lost power and crashed into...
Ever Given salvage email exchange did not constitute contract for Smit Lord Justice Males highlights 'absence of intention to be legally bound until all outstanding matters were agreed'
China hands down life sentence to ex-SIPG chair Chen for graft Verdict comes after Chen was taken away by party discipline enforcers in February 2023. He pleaded guilty at today's open...
Daily Briefing Somali piracy is back and a show of force from India may not be enough to stop it | 'OSRA...
No timeline for Baltimore port reopening following bridge collapse With the fifth-largest container port on the US East Coast now effectively isolated from waterborne traffic, the collapse of the Francis Scott Key Bridge after it was struck by a container ship will, at least temporarily, reconfigure the region's supply chain.
Baltimore bridge crash involving Maersk-chartered ship shuts port The closure of the fifth-busiest container port on the US East Coast could put pressure on container lines as they divert vessel calls.
MPV carrier UAL braces for port asset takeover by Equatorial Guinea Oil and gas supply chains are in jeopardy as the government of Equatorial Guinea announces that it plans to nationalize a major port asset owned by Netherlands-based UAL Group.
GPA allocates new funding for Ocean Terminal container expansion The Georgia Ports Authority is expanding the Port of Savannah's Ocean Terminal to eventually grow its annual container capacity from 300,000 TEUs to 1.5 million TEUs.
German rail dispute ends as union strikes deal with Deutsche Bahn Months of strike action by the union severely disrupted Germany's rail freight network, with the impact on inland transportation often spilling over the country's borders.
Journal of Commerce Rankings: 3PLs struggle with post-pandemic sugar high The top end of the global 3PL sector is populated by companies that see a down market as a chance to focus on higher-yield customers and those that see a chance to build market share.
Baltimore bridge collision involving Maersk-chartered ship shuts port The closure of the fifth-busiest container port on the US East Coast could put pressure on container lines as they divert vessel calls.
US sanctions two tankers in sixth round of anti-terror sanctions targeting Houthis Treasury Department continues to press 'action to disrupt the abuse of international energy markets'
Trade tensions, drought and capesize strength: Chinese shipowners digest markets in time of global turbulence Excess supply of shipping tonnage may surface when disruptions to shipping routes resolve
Container ship in Baltimore incident cited for propulsion deficiency last year Singapore authorities en route to Baltimore to assist US transport safety board in crash probe
Biden on Baltimore bridge: 'Everything indicates this was a terrible accident' US intends to bear full cost of bridge reconstruction and sort out liability issues later
How Baltimore bridge disaster threatens to leave key global shipping markets 'frozen in time' A container ship downed Francis Scott Key Bridge, but the impact will felt way beyond the liner market
Baltimore shutters ship channel as vessels and operators look for alternative solutions Maersk will begin skipping Baltimore, while Hoegh Autoliners looks for alternative ports
Cadeler proved market wrong as US offshore wind sector 'blew up', CEO Gleerup says Danish owner held back on exposure across the Atlantic during last year's difficulties, but is now lining up work
Terntank ups China order for wind and methanol-ready tankers Fresh newbuilding deal brings Danish company's potential orderbook to five innovative 15,000-dwt vessels
Six people still missing after Maersk-chartered ship destroys Baltimore bridge Two people pulled from river
First fatality reported after Maersk ship destroys Baltimore bridge Person pulled from river has died in hospital
Houthis claim to have targeted four ships off Yemen over past three days Vessels include Chinese tanker that rebel group hit on Saturday, mislabelling it as 'British'
DNV boosts revenue to $3bn in year of 'record-breaking' growth and 'brutal' conflicts Maritime business jumped by 29% to more than $1bn
Bridge collapse forces ships to turn away from Baltimore, while other vessels are stuck in harbour Several vessels appear to be heading elsewhere after disaster
Big insurance names team up to boost shipbuilding risk cover Additional capacity aimed at capturing moves towards building greener ships
Two people pulled from river after Maersk ship destroys Baltimore bridge - terrorism ruled out One person reported to be seriously injured
Bridge collapse forces ships to turn away from Baltimore, while other vessels stuck in harbour Several vessels appear to be heading elsewhere after a container ship caused the Francis Scott Key Bridge collapse
Marine fuel trading firm Shipergy gets $15m credit facility with DNB Company will open office in Singapore in its global expansion
Lights went out on Maersk container ship as sudden change of course caused Baltimore bridge disaster Lights went out as ship hit support pillar
In pictures: Container ship collides with Baltimore bridge causing chaos at one of largest US ports First images come in of this morning's bridge collision
SSY ramps up ship finance expansion with new hire in China Shipbroking group is targeting Chinese business, especially vessel leasing
In pictures: Container ship collides with Baltimore bridge First images come in on this morning's bridge collision
AG&P LNG scoops seven-terminal infrastructure job for Indonesia's PT PLN Work will entail providing an FSRU and small-scale vessel to supply LNG to power plants in eastern islands group
Disease outbreak kills at least 100 cattle on Vroon livestock carrier Animals are said to have perished following suspected eruption of botulism, according to trade body
BW LNG snaps up two of Stena Bulk's three LNG carriers Deal leaves smaller Medmax steam turbine vessel and logistics business on sales block
Cadeler poised for growth with record backlog after $1.2bn Eneti merger BW Group-backed wind turbine ship giant sees 2023 earnings slip after impairment on crane sale
'Mass casualty event' as Maersk container ship destroys vital bridge in Baltimore Owner Grace Ocean confirms Dali caused catastrophic smash as emergency services race to find casualties
Top Golden Ocean executives cash in shares worth $5m after stock rally John Fredriksen-backed bulker owner has seen market value rise 38% this year
Several missing after container ship destroys bridge in Baltimore Owner confirms Dali caused catastrophic smash
Fractal's Dubai arm to liquidate after losing High Court bid to scupper sanctions Swiss tanker group says it remains committed to sticking to price cap regulations as unit liquidates
Idan Ofer and Eastern Pacific get a hankering for Japanese football Shipowner becomes official sponsor of FC Imabari football club
Euronav VLCC sale prices revealed as owner seeks to offload more tankers Belgian owner may want to ship out other older vessels quickly in secondhand market
In pictures: Fednav draws big-name dry bulk players for Singapore shindig The company's last party in the city-state was for its diamond jubilee in 2019
Neha Shipping bulker sails after legal logjam clears, but owner claims charterer still owes money Timber trader got its missing logs, but shipowner claims charterer still owes for hire and bunkers
Seatrium targets potential $370bn marketplace over next five years Singapore group identifies repair and upgrade market as well as green retrofits as key contributors to earnings
In pictures: Canada's Fednav draws big-name dry bulk players for Singapore shindig The company's last party in the city-state was in 2019 for its diamond jubilee
DNV targets growing Chinese market for new tankers and bulkers with fresh hires Class society sees strong demand for newbuildings in China
Baltimore bridge collapse may cost billions, dramatically disrupt supply chains The collapse of Baltimore's Francis Scott Key Bridge could significantly disrupt supply chains as shippers and carriers scramble to relocate shipping services to other East Coast ports.
Baltimore bridge collapse disrupts traffic, port operations after ship collision Early Tuesday, a container ship collision with the Francis Scott Key Bridge in Baltimore caused a major collapse, leading to a halt in port operations and creating severe traffic disruptions.
How China skirts tariffs into the US Chinese trade flow into Mexico is helping to build up the latter's manufacturing capabilities, which is a long-term positive for the U.S.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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