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APRIL 8, 2025

JNPA and NSICT finalise settlement to resolve long-standing dispute Vision to Reality: How logistics visionary Shashi Kiran Shetty is elevating IIM Mumbai to global standards Shippers advised to adopt new approaches in the supply chain to overcome tariff challenges Toy exporters eye bigger US market after Trump tariffs NHAI exceeds construction target in 2024-25 GDP seen dipping 30-60 bps due to US tariff: Morgan Stanley JNPA receives Certificate of Recognition for being an outstanding Indian port Priority berthing at HDC for tankers loading butadiene Adani's Colombo terminal commences operations Major Ports' cargo handling up 4.34 pc in FY25 Report highlights key logistics trends in the current scenario

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APRIL 8, 2025

Walvis Bay cold-chain facility opens Hutchison Ports BEST welcomes Premier Alliance Eva Air expanding with new Airbus widebodies DP World hits vinyl milestone Alstom expands train production Davies Turner appoints Emma Turner to logistics board CLdN invests in Killingholme Lufthansa Cargo saved 25,000 t of CO2 in 2024 "Curiosity of the Day" Sustainable tyres for BSR Nelipak expands in Asia FedEx makes key appointments in Apac region

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APRIL 7, 2025

Gemini partners on the hunt for scarce chartered tonnage Overcapacity looms for ocean trades - with more blanked sailings inevitable Trump tariffs: 'globalisation reborn'? DSV top pick News in Brief Podcast | Week 14 | The immediate impacts of tariffs Survey results: the biggest concerns for forwarders and shippers in 2025 OceanX: Tariffs' implications; AI and the death of SaaS? Forwarders remain 'cautiously optimistic' despite US-China trade rift Index-linked agreements: 'shippers have to have the stomach for them' Amazon Air's metamorphosis: 'a different air cargo unit from two years ago' Fortune takes a turn for Höegh Autoliners with a wave of tariffs

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APRIL 7, 2025

NBBB to build two battery-electric San Francisco Bay ferries As part of its Rapid Electric Emission Free (REEF) Ferry program, San Francisco's Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry system has awarded Nichols Brothers Boat Carnival orders two new AIDA Cruises ships Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, reports that it has finalized an order with Fincantieri for two new ships for its German brand, AIDA Cruises, ESG cuts steel for new USACE medium class hopper dredge Eastern Shipbuilding Group, Inc. (ESG), Panama City, Fla., has officially begun construction on the U.S. Army Corps of Engineers' (USACE) new medium class hopper dredge with a ceremonial steel-cutting event. The milestone Bollinger delivers first three MCM USVs to Navy Bollinger Shipyards has completed the successful delivery to the U.S. Navy of the first three mine countermeasures unmanned surface vehicles (MCM USVs). These vessels are the Navy's first program of record, non-prototype,

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APRIL 7, 2025

Gulf Tensions Yet to Severely Impact Port Performance The Persian Gulf is once again under the international spotlight due to escalating tensions between Iran and the United States RCL partners with Lloyd's Register to drive fleet optimisation and emissions reduction Regional Container Lines (RCL) partners with Lloyd's Register OneOcean to drive fleet optimisation and emissions reduction. The collaboration aims to enhance the carrier's fleet efficiency, reduce fuel consumption, and support its commitment to operational excellence and sustainability. Under the agreement, RCL has subscribed to LR OneOcean's voyage optimisation platform, which provides real-time DP World's UK faciltiy ships 10 million vinyl records DP World has shipped over 10 million vinyl records from its Bicester facility, the UK's largest distribution warehouse for music and video products, since August 2023, when the facility commenced operations. Powered by semi-autonomous 'picking' robots, developed by Locus Robotics, the warehouse has become the epicentre of physical music distribution in the UK, playing a key role in the ongoing 'v Port NOLA selects new Vice President of External Affairs and Chief of Staff The Port of New Orleans (Port NOLA) named Loren Marino as its Vice President of External Affairs and Chief of Staff. In this role, Marino will oversee community engagement, ensure effective communication and execution across the Port and New Orleans Public Belt Railroad (NOPB), and lead strategic planning efforts along with oversight for Human Resources, Procurement, IT, and Marketing and Communi CMA CGM implements peak season surcharges worldwide French ocean carrier CMA CGM has announced new peak season surcharges globally, set to take effect in April and May. CMA CGM will apply a peak season surcharge (PSS) from Türkiye and Greece to Canada East Coast, Mexico East Coast, US East Coast, US West Coast & US Gulf and all inland destinations reached via said ports. Effective from 3 May, the surcharge will apply to both dry and reefer cargo, Hapag-Lloyd applies new GRI in Americas German container carrier Hapag-Lloyd has announced a General Rate Increase (GRI) from Latin America East Coast to North America, Central America and the Caribbean. The GRI will apply to both dry and reefer containers and will be effective from 5 May until further notice. Hapag-Lloyd noted the GRI has been set at US$400 per container. Latin America East Coast includes Brazil, Argentina, Uruguay an Security expert: Evergreen ship drug bust shows need for greater onboard vigilance The indictment of an Evergreen Marine Corporation seafarer for drug trafficking shows the extent to which drug smugglers can infiltrate shipping companies, and ship owners should steps to minimise access to such unsavoury characters, according to a security expert Arkas Line commences new West Africa Service To boost its operations in the West Africa trade lane, Arkas Line plans to add solely-operated services, expand its regional network, and improve overall efficiency. Following its recent expansion into India with the India Med Service, Arkas Line will now commence the West Africa Service (WAS), which will be operated by the company's boxships Mario A, Cristina A, Jean Pierre A, and Diane A, each HHLA successfully tests mobile robotics in rail operations Hamburger Hafen und Logistik AG (HHLA) and the Fraunhofer Center for Maritime Logistics and Services (CML) have successfully concluded the "Pin Handling mR" project. The aim of the IHATEC project was to develop a mobile robot to automate the manual repositioning of pins on container wagons. The rail handling solution was tested under real-life conditions at HHLA Container Terminal Tollerort (CTT) ONE announces new intra-Asia service Ocean Network Express (ONE) has announced the launch of the new Thailand Vietnam East India 2 (TE2) service. This service is expected to enhance the existing SVX service, maintaining connectivity between the Straits area and East India while further strengthening direct transportation from Cat Lai and Laem Chabang to East India. With the introduction of TE2, ONE said the transportation network be

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APRIL 7, 2025

Borr Drilling jackup scores 120-day contract in Benin Lime Petroleum, a subsidiary of Singapore-based Rex International, has hired a Borr Drilling-owned jackup rig for work off Benin. The oil and gas player signed a deal with a Borr Drilling subsidiary for the Gerd jackup, which will be used to work for 120 days. The rig will work on the Sèmè field off Benin, ... Performance Shipping pens potential aframax sale deal Greece's Performance Shipping has entered into a forward sale and exclusivity agreement with an unaffiliated third party for an aframax tanker. Under the agreement, the buyer ensured exclusive rights to submit a bid for the conversion of the P. Sophia tanker in an auction for the provision of an FPSO vessel for charter to a ... ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal Israeli carrier ZIM is bringing in 10 LNG dual-fuel containership newbuilds on long-term charter. The New York-listed company has struck deals worth in total about $2.3bn with George Economou's TMS Group and a shipping player affiliated with Idan Ofer's Kenon Holdings for a series of 11,500 teu vessels. TMS will provide seven ships, while Idan ... France risks missing offshore wind target without policy reform France is currently on course to miss its offshore wind installation target unless permitting and a more favourable investment climate is created, a new research claims. The Institute for Energy Economics for Financial Analysis (IEEFA) claimed in its new paper that France has a very low share (11%) of its electricity demand covered by wind ... Western Bulk Chartering sells five-year-old ultramax Norwegian dry bulk operator Western Bulk Chartering has sold one of its ultramax vessels to an undisclosed buyer. The company said in an Oslo Bors filing that it sold the 2020-built, 63,500 dwt Western Fuji. The Norwegian firm claimed that it realised a net profit of approximately $1.5m, following the exercise of a vessel purchase ... Stillstrom to assess offshore charging in Panama Canal Stillstrom and the Panama Canal Authority have signed a memorandum of understanding to implement an offshore charging technology to reduce emissions from vessels idling in and around the Panama Canal. The Panama Canal is a critical artery of global commerce and handles around 14,000 vessels per year. In recent years, has taken significant steps toward ... BP chairman to step down following strategy change UK-based supermajor BP chairman Helge Lund has revealed his intention to step down from the role in due course. BP said that the board of directors will work with Lund to ensure an orderly transition ahead of the next chair taking over the role. It is expected that Lund will step down from the board ... Which sectors are suffering the most from tariffs? Donald Trump's 10% tariffs across all countries came into effect Saturday, with stock markets in Asia taking another battering today. Wednesday will see the much higher so-called reciprocal US tariffs come into effect with listed shipping companies facing up to the realities of an impending global trade war. Shipping equities came under intense pressure last ... UK green lights RWE's 1.2GW offshore wind farm The UK government has granted development consent to the 1.2GW Rampion 2 wind farm offshore Sussex. The wind farm is a proposed extension to the 400MW Rampion offshore wind farm that has been online since 2018. The development consent order was issued by the UK energy secretary, Ed Miliband, last Friday. The Rampion 2 developer ... NYK orders its first methanol dual-fuel VLCC Japanese shipping line Nippon Yusen Kaisha (NYK) is adding a first methanol dual-fuel very large crude oil carrier (VLCC) to its fleet. The Tokyo-headquartered behemoth has signed up for a 339.5 m long, 309,400 dwt newbuild at fellow builder Nihon Shipyard (NSY), a joint venture between Imabari Shipbuilding and Japan Marine United. The unit is ... TGS clinches OBN seismic contract in Trinidad Oslo-listed seismic data specialist TGS has won a shallow water OBN acquisition contract offshore Trinidad. The 3D baseline contract is scheduled to commence early in the third quarter 2025. The total duration of the survey is approximately 80 days. "Our OBN technology continues to be the preferred choice of the industry and exposes TGS to ... Universal carbon levy unlikely at this week's IMO green gathering Member states of the International Maritime Organization (IMO) will discuss a carbon price on international shipping - the world's first global pricing of emissions on any sector - at the 83rd session of the Marine Environment Protection Committee (MEPC 83) meeting in London this week. However, there are enough powerful nations - including the US ... IMM takes full control of Hyundai LNG Shipping Local private equity firm IMM has spent KRW173.3bn ($118.5m) to buy 20.77% of Hyundai LNG Shipping from Daishin Private Equity giving it full ownership of the Korean gas shipowner. IMM originally acquired the company in 2014 from HMM. Two years ago, IMM attempted to sell the company back to HMM, but negotiations collapsed over price. ... LPG pipeline crossing Panama planned The Panama Canal has authorised the opening of a bidding process for a new LPG pipeline that will free up slots on the busy interoceanic waterway. The pipeline is set to allow LPG vessels to discharge at one end of the canal, while other tankers can pick up the cargo at the other end. "This ... CMA CGM signs five-year $110m AI deal French liner giant CMA CGM has teamed with compatriot tech firm Mistral AI, spending EUR100m ($110m) over the next five years to deploy bespoke AI solutions for the group's shipping, logistics, and media activities. As part of the agreement, a dedicated team of Mistral AI's specialists will be based at CMA CGM's headquarters in Marseille, ...

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APRIL 7, 2025

Surprise bounce for shipping stocks amid Trump market carnage Donald Trump is doubling down on his tariff plan, undeterred by the historic declines in the stock market since April... MEPC83: Broad support for new North-East Atlantic ECA A host of countries spoke in favour creating a new North-East Atlantic ECA to cut emissions of NOx, SOx and... Why shipping has hit the pause button on investment Lloyd's List editor-in-chief Richard Meade reports from Singapore Maritime Week and tries to find out why the best thing to... The week in charts: Tariff turbulence poised to reshuffle VLGC | Retaliatory tariffs could spark inflationary trade shift | What the IMO levy rollback means VLGCs most likely to experience shift in trade patterns following China's imposition of reciprocal 34% tariff; Retaliatory tariffs against the... Zim confirms long-term charters of Economou boxship newbuildings Liquefied natural gas dual-fuel newbuildings are set to hit the water in 2027 and 2028 Greek shipowners call for IMO solution that avoids collateral damage Dominant European shipowning nation seeks 'sustainable and pragmatic' outcome in a week of clashing interests and tough horse-trading Australian election candidates make Port of Darwin pledge The port is owned by Chinese company Landbridge Group following the granting of a 99-year lease in 2015 by the... Trade war carnage won't sink shipping, says analyst eyeing new rally Shanghai-based SWS Research sees a three-stage recovery, driven by US consumer goods shortage, restocking after tariff agreements, and logistics bottlenecks... The week in newbuildings: NYK confirms order for methanol dual-fuel VLCC Ordering activity remains subdued with contracts for a VLCC, one offshore vessel, two cruiseships, a pair of capesize bulkers and... Panama Canal confirms plans for energy pipeline A 'transparent bidding process' will be held to attract the most technically able companies, the ACP said Cosco Shipping Holdings changes senior leadership New appointments followed strong 2024 financial results and key executive departures Pacific Islands complain of being 'sidelined' at IMO climate talks Pacific Island states and green groups have made a last-ditch plea for a carbon levy ahead of MEPC83, fearing shipping... Tariff turbulence poised to reshuffle VLGC trades VLGC are the most at-risk for disruption from China's announcement of a retaliatory 34% tariff on US imports. While a... The Daily View: Trump should read Adam Smith ContainersPolitical Risk and TradeUnited States Daily Briefing Shipping braces for impact after Trump drops tariff 'bomb' on world trade | Retaliatory tariffs could spark inflationary trade shift...

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APRIL 7, 2025

Zim fills out its post-Panamax tonnage with $2.3 billion charter deal Zim said it will enter long-term charters for 10 ships of 11,500-TEU capacity that will be deployed across various global trades and be capable of running on both regular bunkers and LNG. Fuel levy, intensity standard will be agreed to by Friday: IMO chief The group's secretary-general said there was "no Plan B" to fall back on, but is confident any disagreements between member states over the proposed mid-term measures to reduce carbon emissions from shipping will be resolved during this week's meeting of the Marine Environment Protection Committee. Prepare for period of 'panic' in trans-Pacific air cargo market: Tiaca An initial flurry of activity will be followed by a drop in demand after e-commerce from China and Hong Kong no longer enjoys duty-free treatment, the head of the air cargo group tells the Journal of Commerce. AI: The Next Step in Automation Explore how forward-thinking teams use AI to drive smarter, faster workflows-without losing control. CSX Q1 service metrics take hit amid storm recovery, tunnel project Damage from last fall's Hurricane Helene continues to affect CSX's operations in the Southeast, while the fast-tracking of construction work at Baltimore's Howard Street Tunnel provides another challenge. Mexico potential leads investors to back cross-border load board The $12 million investment in Cargado will be used to expand the load board with other tools for freight brokers to tap into cross-border freight growth. Ocean Alliance rolls out series of blank sailings on Asia-North Europe While strong volume and congestion at both ends of the trade lane are filling the available capacity, the canceled sailings suggest carriers expect demand to falter.

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APRIL 7, 2025

'I'm shocked': Surprise verdict finds George Gourdomichalis liable in bulker abandonment case Challenge planned after New York jury 'pierces corporate veil' in Adamastos case Arsenio Dominguez confident emissions agreement will be reached this week 'I don't work on a plan B,' says IMO head Jesper Kjaedegaard joins effort to create new mega container terminal in Brazil Developer Porto Central teams up with consultancy Praxys and former Mearsk executive Capesize futures spooked during uncertain day as market rout continues Spot rates and freight futures both crumble amid plethora of unknowns Shipping shares spring back as US stock market rout confused by 'fake news' tariff pause False report on Trump pausing tariffs adds to morning's volatility and demonstrates sensitivity Western Bulk Chartering banks profit after flipping ultramax bulker Operator has used its last purchase option to buy and quickly sell a bulker it had on long-term charter Harry Vafias presses fleet advantage with fourth 'made-in-Japan' bulker buy this year Brave Maritime swoops on handysize after sales deal falls through VLCCs looking forward to double lift from sanctions and Opec Jefferies analyst estimates utilisation for the largest tankers has hit 90% Herjborn Hansson flaunts confidence in Nordic American Tankers with share buy Founder insists company is 'in a very strong position' despite tariff fears Shadow fleet VLCC takes oil from sanctioned Sovcomflot tanker at transshipment hotspot Consultancy Kpler believes it has confirmed another STS hub in Asia Shipping faces 'defining moment' on climate measures, says Synergy's Jesper Kristensen Ship management boss warns against IMO adopting one-size-fits-all approach Belships CEO quits as new era of ownership begins for bulker owner Lars Christian Skarsgard tells TradeWinds he will take a break Zim splashing $2.3bn to charter in 10 giant newbuildings from Idan Ofer and George Economou Israeli line confirms vessels will be built in China for delivery in 2027 and 2028 Jacob Meldgaard snaps up Torm shares after tariff woes batter prices Danish executive has spent $440,000 on Nasdaq Copenhagen in last few days Tankers could see wave of M&A and buybacks after 'excessive' stock market reaction Pareto says 'unsustainable pricing' may trigger full take-private moves Greek investor breaks into shipowning following advice from famous brother-in-law Modern MR acquired from Premuda becomes the first vessel of Vyron Vasileiadis-led Venergy Maritime Monjasa breaks into MR tanker market in deal with Hafnia Bunkering group adds 2010-built ship for storage operations in Fujairah Tariff and port fee threats see tanker dealmakers pull back from secondhand market Brokers say uncertainty in the market is holding back activity Shipping stock crash offers 'buying opportunities' for bold investors, Clarksons says Shares rebound in Oslo after negative opening on Monday NYK orders its first methanol-fuelled VLCC backed by long-term charter Japanese owner adds to large tanker orderbook in domestic deal Europe's biggest shipbuilder snags first newbuilding deal with AIDA Cruises Two ships will be delivered in 2030 and 2031 as Italy's Fincantieri secures new agreement with Carnival Corp Fredriksen and Oldendorff sell Chinese-built bulkers as Greek owner bucks trend Tsatsakis family company moves amid talk of trade wars and falling vessel values French start-up claims 'world's first' sail-powered container ship Windcoop promises big emission savings as it orders vessel IMM interests scoop up remaining stake in Hyundai LNG Shipping Moves sparks speculation that company is being primed for sale again No escape: Shipping stocks tumble as European markets react to escalating trade war Container shipping most at risk, Jefferies says Last-minute talks set table for historic IMO emissions debate Weekend of informal talks now leads to five days of intense discussions Tycoon Spetalen launches offer to take over Oslo-listed shipping investment operation Norwegian businessman has until 5 May to clinch deal for full control of Standard ETC Asia Pacific Shipping turns to Chinese lessor AVIC Leasing for newbuilding financing Financing covers four 25,900-dwt stainless steel chemical tankers Odfjell plots $900m spend on newbuildings to replace ageing tankers Norwegian chemical carrier specialist eyeing deals for as many as 12 vessels Panama Canal plots LPG pipeline to ease pressure on VLGCs Bids set to open for development of 1m barrel-per-day coast-to-coast link Tufton founder Ted Kalborg explains why the smart money is in shares not ships Climate now is very different to when UK fund bought lots of ships in 2015 and 2016 Golden Ocean makes key executive appointments as full Saverys takeover looms Bulker owner names Peder Simonsen as permanent CEO and hires Avance Gas CFO Randi Navdal Bekkelund Bloodbath in Asian markets on expectations of all-out trade war sparked by tariffs Analyst says markets plunge 'comes as no surprise' Gen Z, new fuels and a training gap: How old hands are turning to modern technology to upskill seafarers Dockendale and MarinePALS seek to replace the classroom with video shorts, gaming apps and virtual reality Snap, Crackle and Pop: Meet the man rethinking hydrogen as a maritime fuel Technology creates Rice Krispies-like pellets that can store energy-dense hydrogen