JNPA issues Standard Operating Procedure for payment at empty container depot
Bombay Overseas Freight Brokers Association holds 69th AGM
Digitization of Customs Bonded Warehouse procedures relating to obtaining Warehouse Licenses, Bond to Bond Movement of warehoused goods and uploading of Monthly returns
APSEZ completes acquisition of 80% stake in marine service provider Astro Offshore Group
Mukesh Mangal appointed Joint Secretary in MoPSW; Premjit Lal the new Executive Director of ITPO
CWC Regional Manager and DPA Chairman hold discussions on enhancing synergy
CONCOR's Varnama terminal to be connected to the DFC soon
DGFT lifts curb on non-basmati white rice exports
Baltic Exchange Market Report (25 October 2024)
JNCH advisory calls for refraining from penalising Customs Brokers in a routine manner in matters involving interpretation of statute
Govt notifies policy conditions for sesame seeds export to US
Bollinger Shipyards lays keel for ULA's new SpaceShip Bollinger Shipyards yesterday held a ceremony at its Bollinger Marine Fabricators shipyard in Amelia, La., to lay the keel for the future R/S SpaceShip. SpaceShip is being built for ULA (United Launch
Container Shipping Weekly Stock Highlights: Market Trends The container shipping industry has been experiencing a dynamic shift in market conditions, significantly impacting the stock performance of various key players. Recent stock price movements reveal a mixed landscape, characterized by fluctuations that reflect underlying trends in global trade, operational challenges, and shifting investor sentiment. As companies navigate supply chain disruptions,
Hapag-Lloyd applies new surcharge in Gambia German ocean carrier Hapag-Lloyd has announced a new peak season surcharge (PSS) from Europe, Middle East & Indian Subcontinent, and North & Latin America to Gambia's port of Banjul. A surcharge of US$825/€750 per container will be implemented for all equipment types. This surcharge will take effect on November 15 for ports in Northern Europe, Southern Europe, the Middle East, and the Indian Subc
Imminent new strike in Montreal port CUPE 375, the union representing longshore workers in Montreal, eastern Canada's largest port, has issued a 24-hour strike notice, running from 7 am local time on 27 October, to 6.59 am (local time) on 28 October. The strike comes amid an ongoing industrial action that started on 10 October. An earlier three-day strike, which disrupted operations at the Viau and Maisonneuve (Termont) terminals, e
Vessel orders cause market paradox of falling demand and rates Market analytics platform Xeneta has analysed the apparent contradiction in container shipping which has seen rising demand met with falling freight rates. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Mary Anne Evans Correspondent at Large If you liked this post, please consider donating The post appeared first on Container News .
Tighter margins for DSV and K+N in 2024 to date DSV and Kuehne + Nagel, the world's two largest freight forwarding groups, saw their profit margins squeezed for the first nine months of 2024. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeared first on Container News .
Maritime Trade Dynamics: Evaluating resilience and risk across key global routes The 2024 Maritime Trade Review by UN Trade and Development (UNCTAD) indicates that trade routes linked to emerging markets are anticipated to be the most dynamic in 2024, influenced by trends towards securing dependable supply chains and shaped by trade and industrial policies. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please co
Toll invests over US$130 million to upgrade its fleet Australian logistics company Toll Group plans to invest A$200 million (US$132.6 million) in new vehicles aiming to refresh its fleet. The investment will see 25% of the company's Australian fleet renewed, with the introduction of nearly 400 Euro 6 standard prime movers and 20 rigid vehicles. The fleet renewal investment is in partnership with Penske, Volvo Group Australia, and Isuzu, while the ve
Porto Itapoá hits 1 million TEU milestone faster than ever Brazil's Porto Itapoá has achieved another container milestone, handling 1 million TEUs in the first 10 months of 2024. This performance is translated to a new box volume record driven mainly by the completion of Phase III of the port's expansion in the first half of the year. The Latin American port has increased the size of its yard to a capacity of 455,000 m², which is the largest in Santa Cat
Port of Montreal signs decarbonization agreement with SOFIAC In a bid to enhance energy efficiency and reduce its carbon footprint, the Montreal Port Authority (MPA) has entered into a partnership with SOFIAC, an investment fund specializing in decarbonization. SOFIAC will support the Canadian port in a comprehensive energy efficiency project that can potentially reduce greenhouse gas emissions from its operational buildings by over 60%. With a multi-milli
Konecranes records improved financial results Finnish port equipment manufacturer Konecranes has reported strong results with operating profit of €365 million, order intake of €2.8 billion and sales of €3 billion for the first three quarters of the year. Additionally, the company's comparable EBITA margin reached 13% and comparable EBITA climbed to €392.2 million. Konecranes CEO Anders Svensson commented, "Konecranes delivered another strong
Grace Ocean and Synergy to pay over US$100 million for Baltimore bridge collapse Grace Ocean, the owner, and Synergy Marine, the operator of the container ship Dali, which destroyed the Francis Scott Key Bridge in Baltimore in April, have agreed to pay US$101,980,000 to resolve a civil claim brought by the United States for costs borne from the bridge collapse. The settlement resolves the United States' claims for civil damages for US$103,078,056 under the Rivers and Harbors
Miros assumes full ownership of Miros Mocean Norway-based maritime technology company Miros AS has acquired full ownership of Miros Mocean AS, enhancing its ability to provide cutting-edge real-time ocean insights, benefiting all relevant market segments, including commercial shipping. As of September 2024, Miros acquired all remaining shares in Miros Mocean from its joint venture partners, BW Group and Copenhagen Commercial Platform (CCP).
MSC announces rotation change in US-SAEC service To maintain schedule reliability, the world's largest container line MSC has decided to adjust the rotation of its service connecting the United States with the East Coast of South America. Consequently, Florida's Port Everglades will be reintroduced Brazil's port of Itajai will replace the port of Navegantes into the service rotation. The first vessel, which will run on the following updated por
DACHSER enhances innovative rolling container for store deliveries DACHSER has enhanced its innovative rolling container, the Retail Box, originally designed for transporting both hanging and flat garments to retailers. This container ensures that clothing arrives at retail stores without wrinkles or creases, marking a significant achievement in fashion logistics. Initially launched about five years ago, the Retail Box has now been improved and is available in t
F. Laeisz buys into Diana Shipping German-based Reederei F. Laeisz has placed its bets on the dry bulk sector with an investment in Greek owner Diana Shipping. The Nikolaus Schües-led shipping group has snapped up about 6.3m shares in New York-listed Diana, equal to a 5% stake. The move on the Athens-based Diana, revealed in a filing to the US Securities ...
West Africa cape volumes spike Guinea's emergence as a source of great cargoes for the cape trades and China's booming electric vehicle manufacturers is increasingly being joined by other West African nations. Led by Guinean stems, capesize and above parcels ex-West Africa have increased by a per annum growth rate of 19.6% since 2018, according to analysts at broker BRS ...
Shearwater wins more work with TotalEnergies in Angola Norwegian offshore seismic contractor Shearwater GeoServices has secured more work for TotalEnergies in Angola. The Bergen-based company has won a second ocean bottom node (OBN) survey contract in the country on the southwestern coast of Africa this month following the award for a project at block B32. The new project involves a three-month deepwater OBN ...
Globus Maritime brings in two bulkers from chairman Feidakis Greek dry bulk owner Globus Maritime has picked up a pair of kamsarmaxes in a deal with its chairman Georgios Feidakis. The Nasdaq-listed company is paying $54m for the two unnamed scrubber-fitted ships built in 2014 and 2016. The 2016-built 81,119 dwt unit came at $27.5m, while its two years older 81,817 dwt counterpart cost ...
SBM Offshore sells minority stake in FPSO Sepetiba to Chinese firm Dutch floater expert SBM Offshore has divested a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (CMFL). The two companies agreed back in February 2022 that CMFL would acquire its ownership interest after the FPSO had started operations. The FPSO ...
DEME bags cable installation work on Dutch offshore wind farm Belgian marine contractor DEME has won a contract to carry out transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands. The wind farm is being developed by a joint venture of leading energy companies RWE and TotalEnergies and will have an installed capacity of ...
Indian steel giant JSW eyes container manufacturing One of India's largest conglomerates, JSW Group, is looking to enter the container manufacturing space. The Sajjan Jindal-led company, which is involved in steel, ports, energy, infrastructure, cement, automotive and paints, has hired consultants to identify the market potential to enter a sector that is currently heavily dominated by the Chinese. The move is also ...
Montreal port braces for another strike The union representing Port of Montreal longshore workers has issued a 24-hour strike notice, running from 7 am on Sunday in the latest industrial action to hit the North American east coast. The union already carried out a three-day strike in September and continues their strike action refusing to work overtime. Longshore workers at the Canadian port ...
Edwin Lampert: Mealtimes With My Maritime Friends Nauryz kozhe is a broth that tends to be consumed in new year celebrations in Kazakhstan, the world's largest landlocked country. Made with meat, kefir, rice, barley and noodles, the soup is meant to usher in good luck because it is considered a symbol of wealth and richness in the coming year. The recipe is ...
Daily Briefing Are shipping's progressives pushing forward or paused in political purgatory? | Grace Ocean and Synergy settle civil suit with US...
Container shipping rates show signs of life after multi-month slide The Shanghai Containerized Freight Index increased 6% versus the prior week, its largest weekly gain since late June. However, 'gravity...
What electric vehicles mean for oil demand and tanker markets The International Energy Agency's recent world energy outlook provided the first detailed forecasts to indicate the impact that electric cars...
Marine insurance is there for when the ship hits the span Accountants book prepaid premiums as an asset. And there's a reason for that
Maritime data specialist CargoMetrics collapses US data intelligence provider CargoMetrics had attracted a strong group of high-profile investors, including Google's Eric Schmidt and shipowner Idan...
Tug responsible for Trinidad and Tobago oil spill arrested in Angola The tug was towing the barge Gulfstream, which leaked 50,000 barrels of oil on to Tobago's coastline, and even spread...
Armed pirates sail from Somali port, Eunavfor warns Pirates have returned to the Indian Ocean after the monsoon season caused a lull in activity, EOS Risk Group head...
Climate change increasingly challenging European ports The European Sea Ports Organisation said 64% of ports it surveyed reported climate-related operational challenges in 2024, up from 47%...
LNG carriers and offshore projects keep Samsung Heavy profitable In the fourth quarter, the company aims to secure orders for environmentally friendly containerships and other projects to meet its...
Are shipping's progressives pushing forward or paused in political purgatory? Even shipping's green first movers are in wait-and-see mode right now as everyone awaits regulatory clarity. But no decision from...
Fortescue posts record first-quarter iron ore shipments The results represent a 4% increase on the same period last year and are a welcome good start to the...
Chinaland Shipping enters capesize sector with secondhand pair The company said the two newly added capesize dry bulkers will serve its efforts to expand its international tramping business
Dali's $100m-plus settlement with Department of Justice is fully insured, owners confirm No word on whether 'pay to be paid' rule invoked
Globus buys two kamsarmaxes from chairman Secondhand deal comes amid ongoing fleet expansion with ultramax newbuilds
Shipping corporate governance: the good, the bad and the ugly Lloyd's List senior US reporter Greg Miller speaks with equity analyst Michael Webber about his newly released ranking of public...
Port of Montreal braces for 24-hour strike The strike will last from 0700 hrs on Sunday October 27 to 0659 hrs on Monday October 28, affecting Montreal's...
Ruby to transfer ammonium nitrate in UK port after diplomatic limbo A ship caught in a media scare over fears about the safety of its cargo will transfer its load to...
Alternative fuel bunker fleet sees newbuildings and retrofits boost Almost half of all bunkering vessels ordered in 2024 have been contracted to serve the burgeoning LNG dual-fuel ship fleet...
TS Lines to raise up to $145m for fleet upgrade from Hong Kong IPO With a two-decade presence in China, the Taipei-based company acknowledges the risks posed by tensions across the Taiwan Strait
Grace Ocean and Synergy settle civil suit with US Justice Department for $102m The owners and managers of the containership Dali have settled with the US Department of Justice for $102m, a little...
ILA, USMX said to resume talks on new master contract in November Maritime employers and the longshore union representing dockworkers along the US East and Gulf coasts will restart negotiations in New Jersey next month, with automation the main issue at hand.
NY-NJ port veterans recall Maher executive Don McBeth McBeth, who passed away last week at age 83, was remembered as instrumental in the development of the Prince Rupert container terminal.
US export market navigating 'disruptive' peak season amid ag shipment growth Shippers and forwarders are reporting slowdowns at several inland gateways that are linked to seasonality, equipment placement, labor disruption and carrier behavior
Asia-Europe air cargo demand jumps while 'de minimis' scrutiny hampers trans-Pac The recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.
Value of Schenker takeover will manifest in expanding services: DSV CEO Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity's reach.
FMC continues clawing back per diem charges for shippers The agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending.
Ex-Mobile executive Branch named CEO of Port of New Orleans Beth Ann Branch is taking the reins as New Orleans develops the $1.8 billion Louisiana International Terminal, which will allow the port to service ultra-large container ships.
World Kinect reports bunker profit growth despite volume slip Stock sinks after Stifel downgrade despite in-line results
Vessel linked to $244m Caribbean oil spill arrested by Trinidad & Tobago Tug Solo Creed had already been detained by authorities in Angola
Ports have organised crime and human trafficking in their sights Port association chair says guide will 'undoubtedly save lives'
d'Amico International scores long-term charter to extend deal hot-streak Italian owner announces second two-year deal in two months
South Korea's state-owned shareholders raise stake in flag-carrier HMM Big two investors hold 67% of liner operator after converting $474m of bonds
Solstad companies stay active in Brazil with trio of new deals Norwegian offshore player grabbing $53m on new contracts
Carriers plot rate hikes in anticipation of early Chinese New Year demand Longer transits as Houthi attacks continue could mean another early peak season
Bullying and sexual harassment at Lloyd's market firms surge after Covid return to work Financial regulator urges companies to reflect on how they are tackling workplace misconduct
VLCC owners crossing fingers for rate boost as Saudi port stays stretched, Signal says Big jump in time spent at key Ras Tanura terminal could mean more congestion lies ahead
Hoegh Autoliners share price drop sparks questions about car carrier market confidence DNB touts open contracts while Fearnley warns of lagging car sales
Green fuel challenges make first movers critical to maritime decarbonisation First movers face risks in the energy transition, but they can create significant opportunities, write Peter Jameson and Mette Asmussen
Taylor Maritime Investments bullish on bulkers as commodity demand strengthens Red Sea disruption will boost traditionally strong winter market, London-listed owner says
Olsen family's Bonheur doubles earnings in positive wind shipping market Cruise ship earnings also rising for Norwegian owner
Expanded Wagenborg fleet logs $91m profit drop as dry cargo rates weaken Dutch cargo ship group notes gradual decline from high level in 2022
After 36 years at Viking Line, 'true stalwart' Jan Hanses quits as CEO Tribute to man who led cruise operator through the pandemic
Costamare Bulkers sees two senior staff exit Hamburg office Greek owner remains committed to dry bulk following the departure of Kishore Anchan and Tom Hagen
Taylor Maritime seizes on 'historically high' prices to offload bulker quartet Ed Buttery-led owner says sales are cutting debt fast
Owner and manager of Baltimore bridge crash ship agree to pay $102m for clean-up costs Settlement is not related to liability in legal battle over bridge disaster, parties say
Chinaland Shipping scores capesize bulker debut with two secondhand vessels Company is stepping up its presence in the international market
NRP fund pays first $6.2m dividend after betting on bulkers, tankers and boxships Portfolio consists of holdings in 32 vessels with net asset value of $115m
SSY hires Braemar brokers and researcher in Athens Dimitris Kyrtsos will head S&P division alongside Toby English
Crude exports rise at Saudi VLCC port on Red Sea as pipeline volumes dodge Houthi threat Hormuz alternative provides a way to avoid Bab el-Mandeb Strait
How big brands can help stamp out the scourge of seafarer recruitment fees Shippers that care about their image can lead the fight against illegal practice
Samsung Heavy Industries cashes in on LNG carrier and production unit orders Shipbuilder is at 57% of its orderbook target as of end-September
Globus Maritime buys bulker duo from chairman George Feidakis Related-party deal allows New York-listed shipowner to use cash to purchase kamsarmaxes
Crude tanker newbuilding deliveries stretch out beyond three years as owners turn to China Tight yard space is making companies wait ever longer for new ships just as newbuilding appetite returns
Report says Russia aided Houthi attacks on Red Sea shipping Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
Container ship companies to pay $102M in bridge collapse costs Grace Ocean and Synergy Marine have settled with the U.S. government but still face civil lawsuits resulting from a deadly container ship accident that brought down Baltimore's Francis Scott Key Bridge.
East Coast port employers, longshore union to resume contract negotiations East Coast ocean carriers and terminal operators will resume bargaining with the International Longshoremen's Association on a new contract in November.
Hapag-Lloyd revises earnings forecast on Red Sea disruptions German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
FEMA awards $2.6M security grant to Port of Long Beach Funding from FEMA will help protect operations and infrastructure at the second-busiest U.S. container hub.
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