Savannah expedites India-bound cargo to market by up to eight days Georgia Ports said the Port of Savannah is up to eight days faster for Indian cargo moving to inland markets such as Atlanta, Chicago and Dallas, compared to US West Coast ports. Georgia Ports Authority noted that six weekly services are directly linking Savannah to India and a total of ten services are connecting Savannah to the Indian Subcontinent. Twelve ocean carriers operate on these routes,
Global bunker indices rise steadily During the third week of the year, the Marine Bunker Exchange (MABUX) global indices exhibited a steady upward trajectory. The 380 HSFO index increased by US$16.79 to US$537.94/MT, the VLSFO index rose by US$17.19, reaching US$621.98/MT and the MGO index experienced a significant gain of US$31.70 to US$802.83/MT. "At the time of writing, the global bunker market continued to exhibit a moderate up
Port of Southampton sets new records in cruise activity 2024 marked another highly successful year for the cruise industry at Associated British Ports (ABP) Southampton, reinforcing its position as Northern Europe's top cruise turnaround port and the leading cruise port in the United Kingdom. The Port of Southampton welcomed three million passengers, exceeding the 2023 record, and contributed over US$1.2 billion to the local and regional economy. Rebe
Port of Antwerp-Bruges and Rotterdam call for Clean Industrial Deal The Ports of Antwerp-Bruges and Rotterdam are urging the European Commission to prioritize large-scale investments in Europe's industrial competitiveness ahead of the release of the Competitiveness Compass and the Clean Industrial Deal. The European ports emphasized that "Europe's strategic autonomy, energy transition, and economic prosperity are at stake." As key energy, logistics, and industria
Gemini's launch cancels Alaskan link Maersk Line will halt its sole direct service to the US state of Alaska, as Transpacific Express (TPX) becomes a casualty of Gemini Cooperation's line-up.
Maersk announces updated surcharges from Far East to India and Pakistan Maersk is updating the Peak Season Surcharge (PSS) for shipments from Brunei, East China, South China, North China, South Korea, Hong Kong, Vietnam, Indonesia, Japan, Cambodia, Laos, Myanmar, Malaysia, the Philippines, Singapore, and Thailand to India's ports of Jawaharlal Nehru, Mundra and Pipavav to Pakistan. This revision applies to all 20', 40', and 45' dry containers, effective from 21 Janua
Hainan Port Group breaks ground on new Macun Port's terminal Hainan Port Group has started construction works to upgrade China's Macun Port, which is located on Hainan Island, near Haikou. The Hainan Macun Port Phase III includes the building of a new terminal with 1.67 million TEU capacity. The new terminal will have two container berths and three multipurpose berths. The project is set to become operational in 2027, according to the latest DynaLiners rep
MSC expresses interest in new Italian terminal MSC, together with local Fratelli Neri and Lorenzini & C, has officially expressed its interest in developing Piattaforma Europa, a massive outer harbour expansion at Leghorn in Livorno, Italy. According to DynaLiners, at full buildout, the new project will comprise three berths with a total quay length of 1,200 metres and at a depth of 20 metres, providing 1.6 million TEUs of additional handling
CNC Line retakes slots on South Korea-Thailand service CMA CGM's subsidiary CNC Line will take slots again on the service between South Korea and Thailand, which is operated by CK Line, KMTC and Namsung Shipping. The three ocean carriers are each deploying a ship with a capacity of 1,800 TEUs. The rotation of the NKT service is Incheon (South Korea), Kwangyang (South Korea), Busan (South Korea), Hong Kong, Shenzhen-Shekou (China), Laem Chabang (Thail
EDRAY appoints new Chief Operations Officer EDRAY, a technology and managed transportation solution provider, announced the appointment of Sean Santiago as Chief Operations Officer (COO) to its executive management team. In his new role, Santiago will oversee EDRAY's operations, reinforcing the company's dedication to addressing the growing challenges of the final import mile. He will also focus on developing new solutions, driving the exe
Understanding Your Financial Options After a Motor Vehicle Accident After a motor vehicle accident, it's vital to understand your financial options to regain control. Start by evaluating your immediate needs; use savings if necessary and prioritize essential expenses. Document all medical bills and track lost wages, as these will support your compensation claims. Don't hesitate to contact your insurance company quickly to initiate the claim process. Gather all es
Port of Los Angeles appoints new Harbor Commissioner The Los Angeles City Council has unanimously approved Yolanda De La Torre's appointment to the Los Angeles Board of Harbor Commissioners, the governing body responsible for overseeing the Port of Los Angeles. Nominated by Los Angeles Mayor Karen Bass, De La Torre is a long-time Wilmington resident and dedicated community leader. With nearly 30 years of service at the YMCA of Metropolitan Los Ange
Warehouse 101: Efficient Layouts for Maximum Productivity Is your warehouse efficiency falling short, slowing down your business growth? No need to worry; you're in the right place! In this article, we'll provide you with actionable tips on how to optimize your
Höegh Autoliners bags two car shipping deals Norway's Höegh Autoliners has clinched new shipping contracts with two major international carmakers. The Oslo-listed company said both contracts worth more than $100m and with commencement in January and May this year had been signed at rates reflecting the current market level. The operator of about 40 vessels will transport cars in its key trade ...
Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke China's Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The 63,500 dwt units cost between $34m and $35m each, with delivery set for 2027. The order is backed by a bareboat charter to the Singapore-based arm of the Chinese state-run Zhejiang Shipping Group, which currently ...
Euroseas spinoff offloads vintage boxship Euroholdings, a recently announced three-ship spinoff and subsidiary of Nasdaq-listed Greek containership owner Euroseas, has already offloaded one of its vessels. Aristides Pittas-led Euroseas said the 1998-built 2,008 teu Diamantis P had been sold and delivered to an undisclosed buyer for $13.15m. The ship was handed over on a charter-free basis and after completion of ...
Lines turn up the heat on charcoal shipments Charcoal shippers should be ready to see carriers phase in new tighter regulations this year, liner lobby group the World Shipping Council (WSC) said. Charcoal shipments have caused serious fires on containerships, leading the International Maritime Organisation (IMO) to amend the International Maritime Dangerous Goods (IMDG) Code under which charcoal must be declared and transported ...
DOF terminates CSV contract over payment issues Norwegian offshore vessel owner DOF has terminated a contract for one of its construction support vessels. DOF said in an Oslo Bors filing that it terminated the contract for the 2018-built Skandi Implementer. According to the company, the vessel was operating in Mexico and the deal was terminated following payment default. The name of the ...
Borr Drilling gets suspensions for three rigs working in Mexico The Oslo and New York-listed offshore driller Borr Drilling has received a notice of temporary suspension of operation for three of its rigs operating in Mexico. The company stated that the rigs in question are the 2017-built Galar and the 2018-built Gersemi and Grid jackups. Borr secured the initial contracts for the trio through its ...
Houthi leader warns Israel to stick to ceasefire terms The leader of Yemen's Houthis, Abdul Malik al-Houthi, has said his group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached. The six-week phase one of the ceasefire agreement between Israel and Hamas comes into effect on ...
Beijing dismisses US shipbuilding probe China's commerce ministry on Friday dismissed a US investigation targeting China's shipbuilding, maritime and logistics sectors, describing it as marked by "unilateralism and protectionism". The US Trade Representative's (USTR) office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under US t
Marcura buys VesselMan Skagerak Capital has sold maritime software provider VesselMan to Marcura for an undisclosed sum. In partnership with Møkster and Grieg as co-investors, Skagerak Capital scaled VesselMan's operations. VesselMan provides cloud-based platform for managing technical projects such as dry-dockings, inspections, and refits. Founded in 2001, Dubai-headquartered Marcura's enterprise suite includes PortLo
Norway's new maritime monitoring microsatellite starts operations Norway is leading Europe when it comes to ways to keep track of merchant shipping passing near its shoreline. Canada's Space Flight Laboratory (SFL) has recently launched and deployed Norway's NorSat-4 maritime monitoring microsatellite. The seventh spacecraft developed for the Norwegian Space Agency (NOSA) by SFL, NorSat-4 carries a fifth-generation Automatic Identification System (AIS) ship ...
Greece's Diligent now a pureplay supramax owner with sale of last handy Greek dry bulk owner Diligent Holdings has sold its last handysize and now is focused on just the supramax sector. Medsea from Lebanon has paid $10m to take the 2007-built, 35,000 dwt Bliss bulk carrier (pictured) leaving Athens-based Diligent with a fleet solely made up of Japanese and Japanese-affiliated supramaxes. Diligent said it is now looking ...
Trafigura hails world's first co-loaded ammonia and propane shipment Multinational trader Trafigura, in collaboration with CF Industries, the world's largest producer of ammonia, has completed the world's first co-loaded
The Houthis are still calling the shots in the Red Sea The segments of the shipping industry that were either forced to reroute or freely chose to are not relying on...
Iranian gas cargo discharged in Bangladesh after China U-turn Amid reports that Chinese buyers are hesitant of running afoul of US sanctions, a VLGC likely carrying Iran-origin LPG to...
Good news from Gaza, but shipping needs to wait and see Hope for the best, prepare for the worst, and be unsurprised by anything in between
Plastic pellets a nurdle hurdle for IMO The International Maritime Organization is mulling regulations to prevent polluting spills of plastic pellets from containers, which are bad for...
Türkiye lists 'respectable P&I clubs' for Turkish Straits transits List includes all International Group affiliates and best-known fixed premium outfits
LNG order spree down to compliance today, not promise of supply tomorrow DNV global decarbonisation director Jason Stefanatos said LNG provides compliance with policies such as FuelEU today, rather than relying on...
Container rates in full retreat; stock sentiment hit by ceasefire Spot rates are falling across the board, likely because of seasonal demand weakness. There is also a structural risk emerging:...
Hengli Heavy looks to hire 30,000 for new China shipyard Construction of the new yard was completed in just five months, highlighting the Chinese builder's aggressiveness in capacity expansion. However...
Mixed signals from Chinese economy behind Rio Tinto shipment dip Rio Tinto said it had seen signs of stabilisation from the Chinese real estate market in November home price data...
UK to hand out more green shipping cash Previous competition rounds have seen funding delivered to more than 300 organisations, including a manufacturer of wind-powered sails in Hull
The Daily View: An end to freedom Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Cansi rebuts US allegations against Chinese shipbuilding and warns of trade disruption China's national shipbuilding association has strongly rejected US allegations of unfair competition, warning of disruptions to global trade and shipping...
USTR investigation concludes China unfairly dominates shipbuilding and shipping Any subsequent trade actions against China will be enforced under the Trump administration. If economic sanctions are imposed on China-built...
Daily Briefing No imminent return to Red Sea for shipping despite Gaza ceasefire | War risk underwriters awaiting definitive Houthi stance on...
FedEx Freight says CEO Moll to retire Jan. 31 The announcement comes less than a month after FedEx said it would spin off FedEx Freight, which would be the largest stand-alone LTL provider in North America by revenue.
J.B. Hunt preparing customers for boost in contract rail rates in 2025 The largest intermodal provider in the US says it's time for shippers to talk about higher rates for service, but understands the shift is not likely to occur until the second half of the year.
Shippers balance near-term market, long-term forecasts in trucking bids With plenty of truck capacity still available, US shippers are trying to tamp down rising truck rates without driving off their current truckload carriers.
Rebounding Indian car exports nourish country's ro/ro trade International automakers are putting much-needed investment into Indian manufacturing facilities to increase export capacity.
Biden officials slam Chinese shipbuilding and shipping dominance as 'unreasonable' Much-anticipated report stops short of discussing what Trump should do with it
Wavelength podcast: Trump, Putin and a ceasefire - what a start to 2025 Tariff threats, sanctions that seem to have bite and how will Houthis respond to a ceasefire?
Chartering behemoth: Could trading giant Glencore merge with iron ore major Rio Tinto? Two companies reportedly held early-stage discussions
Just two weeks left to secure the future of troubled FSG shipyards after investors bid German yards have been owned by controversial financier Lars Windhorst
Why two identical bulker sales captured significantly different prices just two weeks apart Iwagi Zosen-built vessel fetches far higher price than identical sister divested by Japan's Shikishima Kisen
'Black-flag' cargo ship banned from European ports by Paris MOU Cameroon-registered Maranta now in Israel after action over detentions
Noatum Maritime's Kazakh joint venture to order two container ships for Caspian Sea services Partners also plan to expand their tanker horizons
Why two identical bulk carrier sales captured significantly different prices just two weeks apart Iwagi Zosen-built vessel fetches far higher price than identical sister divested by Japan's Shikishima Kisen
'Vast implications': Sweeping US tanker sanctions hit China oil shipments harder than India More tankers carrying short-haul Espo barrels have been blacklisted than those loading Urals crude
Container lines will let tankers and bulkers test Red Sea waters after ceasefire, Jefferies says Boxships' multi-loop trading patterns make early return too risky, analysts believe
Shuaa Capital fixes $300m finance to expand world's fourth-biggest offshore support vessel fleet Middle East asset manager ready to grow Stanford Marine and Allianz Marine Services
Angelicoussis seals Altera Shuttle Tankers takeover as specialist fleet drops about $260m in value Greek giant completes expansion in niche sector with Altera Infrastructure deal
Founder of collapsed oil trader facing multiple criminal charges dies before trial Xie Chun had owed more than $165m to different banks through his firm Zenrock
Turkey doubles down on Bosphorus insurance demands amid dark fleet casualty risks Authorities brush up their lists of approved cover providers
'Theatre of the absurd': Moscow mocks bid to police dark fleet tankers and turn Baltic into internal Nato sea Top Russian officials dismiss underwater cable sabotage probes as a ploy to promote sanctions
UK organised crime agency waits on charge decisions for sanctions and oil price cap breaches Only a small part of its workload is for the most serious sanctions cases
Turkey doubles down on Bosphorus insurance cover amid dark fleet casualty risks Turkish authorities brush up their lists of approved insurance providers
Shuaa Capital fixes $300m finance to grow world's fourth-biggest offshore support vessel fleet Middle East asset manager ready to grow Stanford Marine and Allianz Marine Services
Hoegh Autoliners inks two more deals as renewals keep rolling in Company has trumpeted rates above $90 per cbm in recent deals
Singaporean group breaks into shipowning via S&P deal with Chinese player Seacon Yuchen Logistics, backed by billionaire Zhang Yuqiang, paying $19m for modern cargo vessel
Angelicoussis seals Altera Shuttle Tankers takeover as specialist fleet drops $216m in value Greek giant completes expansion in niche sector with Altera Infrastructure deal
Greek owner Aristides Pittas sells veteran boxship spun off from Euroseas to his new public company Plan to spin off new Euroholdings venture on the Nasdaq is still on course
George Economou mulls $1.4bn newbuilding deal as Greek owner eyes container market Greek owner has approached Chinese yards for a series of LNG dual-fuelled vessels
Greek owner Diligent scouting for eco bulkers after selling last handysize Athens company now controls seven supramaxes as begins to build up its fleet again
First newly sanctioned tanker discharges cargo at Chinese port Aframax was one of three lying idle in the Yellow Sea laden with cargoes
Houthi leader warns of new attacks at first sign of Gaza ceasefire violation Rebel group will closely watch implementation of the deal and is on standby for 'military operations'
Noatum Maritime's Kazakh joint venture to order two container ships for Caspian Sea services Abu Dhabi-based shipping giant's joint venture with Kazmortransflot also plans to expand its tanker horizons
Trafigura scores first in ammonia fuelling story with gas carrier co-loading Move comes as CF Industries plans start-up of clean ammonia project
White House moves to exclude Chinese e-commerce from duty-free import Following up on earlier action this week aimed at controlling the influx of unidentified e-commerce shipments from China, U.S. Customs and Border Protection on Friday proposed that low-value imports no longer qualify for duty-free entry if the products are subject to tariffs or other national security restrictions. The proposal could result in higher consumer prices [...]
ILA to review tentative longshore contract; union ratification vote next The International Longshoremen's Association expects to shortly take the next steps toward ratifying a new contract with East and Gulf Coast port employers. Union leadership will be scheduling meetings "in the next few weeks" with ILA wage scale delegates to review the tentative agreement with terminal operators and ocean carriers of the United States Maritime [...]
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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