India has committed USD 20 billion for infrastructure development focused on enhancing multimodal logistics, port connectivity and trade facilitation: Sonowal
India to remain fastest-growing economy among G20 countries: OECD
India moves WTO on 25 pc extra tariff by the US on auto parts
CMA CGM FAK rates from the Indian Subcontinent to Latin America
Turkish Airlines directed to ensure full compliance with ICAO standards and recommended practices as well as DGCA regulations in cargo and passenger operations
AD Ports Group, Masdar, Advario and the CMA CGM Group sign agreement to explore development of e-methanol bunkering and export facility in UAE
BIMCO to develop standard clause addressing USTR uncertainties
China's factory activity shrinks in May
Sagarmala Development to fund all suitable maritime projects, says Sonowal
IRS achieves a milestone by classing first Korean owner vessel
WTO upgrades e-Learning platform to enhance user experience and learning outcomes
Zodiac Maritime appoints Resolve Marine to respond to Morning Midas fire Zodiac Maritime reports that it has appointed Resolve Marine to respond to the fire aboard its managed vehicle carrier, Morning Midas (IMO: 9289910). The vessel remains afloat and, based on the most
Coast Guard polar icebreaker Storis departs on its maiden voyage The U.S. Coast Guard Cutter Storis (WAGB 21) the first polar icebreaker acquired by the Coast Guard in more than 25 years, departed on its maiden voyage to safeguard U.S. sovereign interests
Transpacific container rates starting to spike on demand surge Logistics markets and supply chains faced another confusing, dramatic few days last week as the US Court of International Trade ruled that President Trump wrongly invoked the International Emergency Economic Powers Act to apply reciprocal tariffs on a long list of countries and other tariffs on Mexico, Canada and China targeting fentanyl smuggling. The ruling ordered the administration to remove
BIMCO develops standard clause addressing USTR uncertainties BIMCO, the world's largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States Trade Representative's (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports. The USTR has announced actions to impose fees on ships calling at US ports that are Chinese-built or have Chinese ow
Wincanton accelerates net zero ambitions with deployment of 24 electric HGVs Wincanton has announced the first wave of 24 new electric heavy goods vehicles (HGVs) joining its fleet this year, marking a key step towards its goal of achieving net zero carbon emissions by 2040. Supplied by DAF Trucks, Volvo Trucks, and Renault Trucks, the fleet is capable of operating at over 40 tonnes and is expected to cut annual CO2 emissions by approximately 2,400 tonnes. To support this
How to Choose the Right Contractor for Gutter Installation in Boston? When it comes to protecting your home from water damage, a well-executed gutter installation is not just a luxury, it's a necessity. Your gutters serve as the first line of defense against water pooling around the foundation, damaging siding, or flooding basements. That's why choosing the right contractor for your roof gutters installation project is critical. In a city like Boston, where seasona
Port of Toulon marks major milestone with shore power installation The Port of Toulon has successfully commissioned France's largest shore power system, developed and delivered by a consortium led by ABB in collaboration with Eiffage Construction and Fauché. Fully operational since February 13, the system is currently undergoing final acceptance testing. This state-of-the-art installation represents a transformative step in maritime sustainability, enabling the
Gridlock at European Ports: Operational Crisis with Geopolitical Consequences Europe's northern ports are in the grip of a deepening operational crisis with wide-reaching geopolitical implications. As 2025 unfolds, bottlenecks at major ports like Rotterdam, Antwerp, and Hamburg are no longer facing isolated disruptions but systemic failures, calling into question the continent's ability to maintain its central role in global shipping
New straddle carriers, container handling growth for Chittagong Port The port of Chittagong received 15 new four-high straddle carriers, a gear that is essential for container handling. J Yang, a general cargo carrier, sailing under the flag of Hong Kong, reached Bangladesh's prime seaport from China and berthed at a port jetty on 4 June, carrying the pieces of equipment. According to Nasir Uddin, acting secretary of Chittagong Port Authority (CPA), the authority
Cape of Good Hope detours drive Asia-Europe capacity additions over the past year The Far East-Europe trade remains the largest container shipping route, according to Alphaliner
Vizhinjam seems to emerge as the new Indian Ocean hub India's Vizhinjam Port, once a quiet project on the Arabian Sea coast, is now rapidly emerging as a geopolitical and commercial game-changer in the Indian Ocean
Winning the e-commerce race with smarter competitor price tracking The digital marketplace has become intensely competitive. E-commerce sales reached $5.8 trillion in 2023 and continue growing toward $8.1 trillion by 2026. Smart competitor price tracking now serves as a critical tool for retailers seeking to maintain market position while protecting profit margins in this dynamic environment. The current e-commerce pricing landscape Today's online retail environ
Hapag-Lloyd increases rates from Pakistan & Indian Sub to North Europe & Med German ocean carrier Hapag-Lloyd has announced updated ocean tariff rates from Pakistan and the Indian Subcontinent to North Europe and the Mediterranean. The following increased rates will take effect on 1 July: US$ / Dry 20' From To Current Base Rate Level New Base Rate Level Delta Nhava Sheva, India North Europe 716 1,716 1,000 Nhava Sheva, India Mediterranean & Black Sea 637 1,637 1,000 Ennor
Why Small Businesses Are Buying TikTok Followers to Boost Brand Awareness In today's digital age, where short-form content dominates attention spans and consumer engagement, TikTok has emerged as a game-changer for businesses - especially small ones. With over 1 billion monthly active users, TikTok isn't just a platform for viral dance videos or lip-syncing teens anymore. It's a powerful marketing tool that small businesses are leveraging to compete in crowded markets.
PSA, First Port Operator to Join Global Centre for Maritime Decarbonisation The Global Centre for Maritime Decarbonisation (GCMD) and PSA International (PSA) announced a five-year strategic partnership to advance collaboration on maritime decarbonisation initiatives across global port ecosystems. PSA is the first port operator to join GCMD as a Strategic partner, contributing port-side insights to drive the trial of new technologies and solutions across the maritime valu
MSC officially opens new inland terminal in France MSC has announced the official opening of its MEDLOG Inland Terminal Paris-Bruyères, following an inauguration ceremony. Located just 40 kilometers north of Paris, this 110,000 m² multimodal terminal has commenced operations since late 2024. Designed as a scalable and modular infrastructure, it is built to support the sustainable growth of multimodal transport across the Greater Paris and Greater
AD Ports, CMA CGM and partners to develop e-methanol facility in UAE AD Ports has signed a collaboration agreement with Masdar, Advario and the CMA CGM Group to explore the feasibility for the development of a state-of-the-art e-methanol bunkering and export facility at Khalifa Port and Khalifa Economic Zones Abu Dhabi - KEZAD Group. The project will provide critical infrastructure to complete the supply value chain and bridge commercial e-methanol production with
Wärtsilä's solution to deliver fuel and emission savings for ONE boxship Technology group Wärtsilä will supply a conversion package featuring the company's Fit4Power radical derating solution for the vessel ONE Maestro. The Fit4Power solution optimises the power output from the ship's engine, thereby reducing fuel consumption by, on average, approximately 13%. This will, in turn, reduce emissions. The conversion is also expected to extend the operational life of the v
Port of NEOM enhances handling capabilities with new equipment Port of NEOM has seen the arrival of the first fully automated, remote-controlled Ship-To-Shore (STS) and Electric Rubber-Tyred Gantry (eRTG) cranes in Saudi Arabia. Located on the Red Sea, Port of NEOM is already serving as an important gateway on the East-West trade route. The newly arrived cranes will support the port's automation strategy, unlocking the potential for high-volume, high-efficie
Ocean carriers add nearly 400,000 TEUs to Asia-NAWC trade The pause in the US-China trade war, and the associated demand boom, has caused a scramble amongst box lines to inject capacity swiftly, according to Sea-Intelligence, a Danish maritime data analysis firm. On Asia-North America West Coast (NAWC), the Danish analysts are seeing capacity growth over 30% Y/Y in five of the next 11 weeks. "If we aggregate it across June/July for Asia-NAWC, then in Ju
Long term unpredictability forecast for container market Shippers and forwarders should brace for prolonged disruptions in the container trade, with economists and industry experts expecting the US administration's trade war to eventually lead to fundamental changes in supply chains
How a Premises Liability Lawyer Proves Fault in Property Injury Cases Whether an individual sustains an injury on someone else's property, be it a minor slip and fall in a grocery store or a major accident on a construction site, premises liability law applies. Every year, state courts in the United States receive nearly 400,000 claims for personal injuries, with a projected 78% increase in claims filed through March 2024, according to the US Department of Justice.
Carsten Rehder lines up more newbuilds in India German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India's Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number of 7,500 dwt MPP ships ordered by Carsten ...
BIMCO drafting standard clause to address US tariff measures The world's largest shipping association, BIMCO, has begun drafting a standard clause to address legal and contractual uncertainties stemming from recent US trade policy developments. The move follows a notice of actions by the United States Trade Representative (USTR) to impose new fees on vessels calling at US ports if they are Chinese-built, owned, or ...
Germany's CLI books MPP newbuild at Royal Bodewes German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced environmental and fuel efficiency technologies, including a methanol-ready main engine and an Eco Flettner rotor sail. Founded in 2012, Hamburg-based ...
Smoke still seen rising from abandoned car carrier The 4,902 ceu car carrier Morning Midas, abandoned in the mid-Pacific after a fire broke out on a deck carrying electric vehicles, is now adrift with smoke still rising from the vessel. The manager of the vessel, London-based Zodiac Maritime, said that the incident occurred at around midnight local time on June 3 during the ...
Top Ships presses on with suezmax spin-off US-listed Greek eco tanker owner and operator Top Ships has moved to spin off two of its suezmax vessels into an independent publicly traded company. The company's subsidiary, Rubico, has been earmarked to press ahead with the 2021-built 157,000 dwt scrubber-fitted Eco Malibu and Eco West Coast and list on the Nasdaq Capital Market. Both ...
Lithuania to relaunch 700MW offshore wind tender next week The Lithuanian authorities will relaunch a tender for a second 700MW offshore wind farm next week after the government amended the tender process. The tender for the wind farm was temporarily stopped at the start of the year. The government said at the time that it would re-evaluate the conditions for the tender so that ...
'Britain has gone to hell, like Norway': John Fredriksen Norway's richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline. The 81-year-old shipping magnate spoke candidly to Norwegian title ...
SBM Offshore exits Equatorial Guinea following FPSO stake sale Dutch floater expert SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The company's exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. According to the company, the sale of ...
Fortescue's mission to champion ammonia goes global Mining giant Fortescue is on a worldwide campaign to reshape the future of maritime decarbonisation with its flagship vessel, the Fortescue Green Pioneer, at the helm of a push to establish green ammonia as the marine fuel of the future. From Southeast Asia to Western Europe and soon South America, the 75 m long offshore ...
Equinor exercises $100m option for Transocean semisub Norwegian energy major Equinor has exercised a two-well option for one of Transocean's semisubs. The option, exercised for the 2010-built Transocean Spitsbergen, will contribute approximately $100m in backlog, excluding additional services. The work on the two wells in Norway is expected to begin in the first quarter of 2026 in direct continuation of the rig's ...
LR report outlines clear case for shipowners to retrofit Demand for advanced propeller retrofits and energy-saving devices (ESDs) has nearly quadrupled since 2020 to enhance energy efficiency to meet tightening emissions regulations. Click to enlarge However, according to a new report from British class society Lloyd's Register (LR), while high-efficiency propellers can deliver fuel savings of between 3-10%, and popular devices such as rudder ...
Wah Kwong launches clean fuels trading subsidiary Well-known Hong Kong shipowner Wah Kwong Maritime Transport has unveiled at this year's Nor-Shipping show Venture Energy, a subsidiary focusing on the procurement and trading of clean fuels. Venture Energy aims to connect producers of clean fuels in China to end users around the world, developing plant projects and procuring product both for downstream customers ...
Keep calm and sail on Carl Martin Faanessen, CEO of Manila-based Noatun Maritime, reckons too many column inches are being spent exaggerating the plight of seafarers. "We are at risk of placing an entire group of highly skilled, adaptable and professional workers in a bucket," he writes. Can we take a moment and please stop placing seafarers in a victim ...
Mixed signals on transpacific: Spot rates still rising but bookings momentum stalls Shipping lines have placed a big bet that US importers will accelerate shipments amid the tariff reprieve. The risk -...
Ports face challenges preparing for hydrogen and ammonia European ports face several challenges in preparing for a multi-fuel future and must work together to make hydrogen and ammonia...
US-blocked VLCC Jaya skirts sanctions with scrapped ship masquerade Sanctioned VLCC Jaya evaded detection by repeatedly changing its name and MMSI numbers, adopting the identity of a scrapped ship...
EuroDry loss widens as dry bulk rebound fizzles Nasdaq-listed owner is toughing out a poor market, waiting for a 'meaningful upturn' in demand
Why P&I clubs are losing money on underwriting They had one job. So why did most of the P&I clubs fail to meet their annual appraisal goals last...
Shipping will face decarbonisation pressure from below, as well as above Consumers continue to pressure brands to reduce Scope 3 emissions, but will shipping start to feel the force from below...
Boxship newbuild backlog hits 9.7m teu as more orders are being lined up Braemar container analyst Jonathan Roach believes oversupply of fleet capacity could hit the containership sector later this year
TOP Ships plots spin-off for suezmaxes Two Clearlake-chartered tankers are envisaged as initial assets for Rubico
Costamare boxship rescues Zodiac Maritime crew as salvage team appointed Cause of the fire that broke out on board the Zodiac Maritime-owned vehicle carrier is unknown, but the vessel's cargo...
The Daily View: Silver linings playbook
Wah Kwong launches Venture Energy to drive clean bunker fuel supply The new subsidiary aims to leverage China's green fuel production and Hong Kong's maritime hub status to support global shipping...
Daily Briefing European banks positioning themselves to capitalise on Chinese leasing exits | Shipping should worry about the economy, not geopolitics |...
BC longshore foremen reach deal with port employers on new contract Maritime employers along Canada's West Coast have a new agreement that will avert the type of labor actions seen late last year.
APM clearing out New Jersey rail container backlog ahead of a summer surge The terminal operator said it has reduced the inventory of rail-bound containers at its Elizabeth facility to about 1,600, down from about 4,000 in early May.
China-ECSA spot rates climb amid bullish market pressure The shift of some capacity to the Asia-US trade to meet surging demand there is contributing to tighter vessel space in the ECSA market, forwarders tell the Journal of Commerce.
Gemini 'game changer' for Wilhelmshaven as volume soars The hub in northern Germany is expecting rapid volume growth for the rest of the year following a record first quarter spurred on by the launch of the carrier alliance.
US-flag bulker captain indicted on federal charges of sexual abuse Prosecution follows Coast Guard allegations that Captain John Merrone drugged two cadets, raping one of them
Salvage tug heads to burning Zodiac car carrier in Pacific Morning Midas remains afloat but alight after blaze broke out among electric vehicles
Burning Zodiac car carrier won't be reached by salvage specialists for four days Morning Midas remains afloat but alight after blaze broke out among electric vehicles
'Vexatious' litigation': Second US judge orders legacy Eletson owners to halt actions in Greece and UK Effort to confirm disputed arbitration in UK and Greece put on hold
US-listed EuroDry faces down the market amid yet another quarter in the red Greek owner Aristides Pittas keeps his bulkers on short-term charters, positioning them for a market recovery
Suezmax and aframax tankers divert to US with rare imports of Brazilian crude Kpler tracks barrels being moved on AET, Sonangol and International Seaways tonnage
German operator and logistics outfit breaks into shipowning with eco bulker order Geared vessel will be built at Royal Bodewes in the Netherlands
Carsten Rehder plots four more multipurpose newbuilds with Indian yard German owner is poised to lift orderbook to a dozen vessels
China imports first LPG cargo from Norway in six years Move is seen as a way to diversify supplies
Santoku Senpaku linked to first capesize sale since Orix takeover Japanese sellers provide a steady trickle of transactions in a sluggish S&P market for big bulkers
Remembering Jim Lawrence: A bold idea, a business empire and a friend to all This week's Streetwise looks back at a man who brought the industry together, at work and play
Spanish carrier turns shipowner with deal for feeder container vessel Company invests $43m for methanol-ready newbuilding purchased from Jungerhans
'Stop complaining': International Seaways CFO slams shipowners in 'wait-and-see' mode Doing nothing is not an option, Jeffrey Pribor says
Thomas Wilhelmsen: 'Norway has a lot to offer, except for Norwegian-domiciled investors' Fifth-generation shipowner says wealth tax in his homeland limits innovation and hands overseas rivals an advantage
Hong Kong owner Wah Kwong sets up clean fuels trading unit Venture Energy expects to offer methanol from a portfolio of plants from late next year
Thomas Wilhelmsen: 'Norway has a lot to offer, except for Norwegian-domiciled investors' Fifth-generation shipowner says wealth tax in his homeland limits innovation and hands overseas rivals an advantage
Idan Ofer talks weak LNG markets, favoured fuels and his connection with cycling One of the world's largest and best-known shipowners is going that extra mile, off and on the bike
United European Car Carriers adds Eyal Ofer-backed tonnage Oslo shortsea operator adds two LNG dual-fuelled vessels to its fleet
Trafigura profit edges up with shipping delivering 'solid' performance Owner and charterer takes bigger hit from depreciation of shipping leases in first half
Big-name owners line up $2bn VLCC newbuilding spree Eight shipping companies including Taiwan's Formosa Plastics Marine fielding enquiries for VLCCs
More 'zombie pairs' emerge in critical chokepoints off the Strait of Malacca AIS spoofing tactic makes Iranian crude exports hard to track
'Strategic clarity': Greek owners shift newbuilding focus as orders slow to four-year low Allied Shipbroking notes preference for tankers and boxships as caution grips the industry
Vietnam fires up second LNG import terminal with Russian cooldown cargo Former Stena Bulk LNG carrier ships in Sakhalin volumes for Cai Mep facility
Expanding Britoil heads to China for up to eight anchor-handler newbuildings Ambitious Singapore owner agrees major fleet renewal deal at Jiangsu Zhenjiang yard
Top Ships goes for suezmax pure-play in New York listing spin-off Evangelos Pistiolis tanker company eyes Nasdaq exchange for float of Rubico subsidiary
Hong Kong owner Wah Kwong sets up methanol trading unit From late 2026, Venture Energy expects to offer methanol from a portfolio of plants
Bimco working on new contract clause to help owners deal with US port fees Shipowners' organisation says measures will significantly raise the cost of transporting goods globally
Tanker broker Oil Brokerage strikes data deal with market intelligence group Sparta London-based operation follows Clarksons and Gibsons in teaming with market intelligence group
Star Bulk and Niriis Shipping lead wave of Greek bulker sales to China Asian buyers are lapping up supramaxes and panamaxes past their prime
Christian Radich party in pictures: Shipping players climb aboard at Nor-Shipping TradeWinds party is a hit as big names raise a glass together
Ukraine targets prosecution of Russian tanker master over oil spill Prosecutor's office informs captain he is under suspicion of causing pollution that caused 'losses' of $482m
Golden Energy Offshore eyes $95m fleet refinancing to take advantage of market upturn Possible financing of seven vessels in second quarter
Thomas Wilhelmsen tells of milestones as ship management arm turns 50 Thomas Wilhelmsen tells TradeWinds about the group's third-party management business as it celebrates its golden anniversary
Diesel-electric LNG carriers dubbed 'worst in class' by BW LNG chief Methane slip is a major focus for sector
More 'zombie pairs' emerge in critical chokepoints off the Straits of Malacca This AIS spoofing tactic makes exports of Iranian crude hard to track
If Donald Trump was at Nor-Shipping, here's what he would learn Clear patterns can be seen during discussions in Norway this week. These are the biggest themes that jumped out
Southwest Airlines' $28M investment expands cargo capacity in Denver Southwest Airlines has built its own cargo facility at Denver International Airport so it can move more cargo for customers in the city.
Etihad Airways hires 747 operator Western Global to expand cargo service Western Global Airlines is a shell of its former self, but Middle East carrier Etihad Airways is partnering with the company because it needs more lift to meet shipper demand for transportation between China and the UK.
New week sees ocean container rates soar Freightos Baltic Index container rates showing the effects of the China-U.S. tariff break and carrier rate hikes.
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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