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JANUARY 24, 2025

HMM announces the new India-North Europe Service (INX) at trade event in Mumbai CONCOR's Dronagiri Rail Terminal benchmarked as a top performer PSA Chennai achieves record throughput Maritime sector a cornerstone of the country's economic resurgence: Sarbananda Sonowal India looks for trade deal, more imports to counter Trump's tariff threats Reliance inks MoU to invest in Vadhvan Port Rice exports held steady in 2024 India aims to register 10,000 GI products by 2030: Minister MFN principle the key driver of global trade Move to smaller box vessels being seen Drastic drop in new crude oil tanker deliveries in 2024 Crew taken hostage in Red Sea released after more than a year in captivity Standard Operating Procedure (SOP) for Export Authorisations for Restricted Seeds and Planting Materials CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators VOC Port excels in container handling; registers exceptional Average Container Turnaround Time

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JANUARY 24, 2025

Trailer Bridge awarded naval supply contract Dachser fleet and business growing Developing India's next big port One hour from the German border Stena RoRo enhances fleet with Danish ship Funding and a CEO for Elroy Air CO2 avoidance and reduction certificates launched Cargo volumes up in Singapore "Curiosity of the Day" Digitalising manual e-mail processes Bifa 2024 - And the winners are... Strategic partnership for automated customs processes Dry-ice logistics with an H2 lorry

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JANUARY 23, 2025

Liner schedule reliability worsened in a Q4 'rife with challenges' Over-inflated retail inventories could contribute to deflating freight markets Knight-Swift - any sign of the longed-for US freight inflection? Carriers divert Indian cargo to avoid congestion worries at Colombo Mr Joy: Victoria - Shitoria (Part One) US trucking market recovery stays in reverse gear further into the year Chinese agribusinesses turn to container lines for grain shipments DFDS set to lose $70m this year on Med competition and EKOL turnaround Bernstein: 'A farewell to arms?' HMM signs up to be part of India's new Vadhvan port development

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JANUARY 23, 2025

SEA-LNG report shows what's behind LNG's record setting 2024 As recent reports from DNV and Clarkson both indicated, 2024 was a record setting year for the adoption of LNG as a marine fuel. Now industry coalition SEA-LNG has published its annual Trump re-designates the Houthis as a Foreign Terrorist Organization President Donald J. Trump has signed an Executive Order re-designating Ansar Allah (the Houthis) as a Foreign Terrorist Organization. The Executive Order sets in motion a process by which the group known

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JANUARY 23, 2025

Developments on Shipping Industry's Energy Transition A new study from UCL's Energy Institute Shipping and Oceans Research Group evaluates the economic risks to the maritime industry from potential stranded assets as a result of impending stricter greenhouse gas (GHG) regulations. These regulations are expected to be adopted by the International Maritime Organization (IMO) this year amidst a global shift towards a low-carbon energy framework. Accord Associated British Ports announces new Head of Engineering in Humber Associated British Ports (ABP) announced that Brad Crumbleholme has been appointed Head of Engineering and Asset Management for the Humber Region. Brad Crumbleholme commented: "I am excited to take on this new role and to be working with the Humber team in a permanent capacity. We have great opportunities ahead and having got to know the team here it is clear that we are well positioned to drive Houthis free Galaxy Leader crew after 430 days Crew members of the car carrier Galaxy Reader were released on 22 January after 430 days. The vessel's 25-member crew, consisting of nationals from Bulgaria, Ukraine, the Philippines, Mexico, and Romania, was captured on 19 November 2023, when armed Houthis stormed the ship by helicopter. Following the release of the Galaxy Leader crew, Guy Platten, International Chamber of Shipping (ICS) Secreta The World's Largest Container Ships In the vast expanse of the world's oceans, giants silently glide, carrying the lifeblood of global trade. These colossal container ships, marvels of modern engineering, are the backbone of the interconnected world, transporting goods across continents with staggering efficiency. As global commerce grows, so does the scale of these vessels, each year setting new records in size, capacity, and inno AD Ports Group inks MoU with Egyptian Ministry of Industry & Transport AD Ports Group announced that it has signed a Memorandum of Understanding (MoU) with the Egyptian Ministry of Industry and Transport to jointly develop and operate an integrated logistics park in Alexandria. The signing ceremony took place in Cairo in the presence of Lieutenant General Engineer Kamel Al Wazir, Egyptian Minister of Industry and Transport; Mariam Al Kaabi, UAE Ambassador to the Ara Seafarer dies after stabbing on boxship in Taiwan A Filipino seafarer has died two days after he was stabbed in the chest by a compatriot crewman, after a drunken brawl. The incident took place in a container ship docked in Taiwan's Kaohsiung port. According to local police, following a drinking session, the two Filipino crewmen began fighting around 6 am local time on 18 January, while the ship was anchored at Kaohsiung's berth 77, in Terminal Grundfos partners with Maersk to drive electric truck deployment Every day, thousands of containers are transported globally by trucks for hinterland logistics-connecting ports with factories, warehouses, and final destinations. However, this extensive road transport contributes significantly to greenhouse gas emissions, harmful exhaust fumes, and noise pollution, which negatively impact people and wildlife. Transitioning truck fleets worldwide to electric veh Trump selects new FMC Chairman US President Donald J. Trump has designated Louis E. "Lou" Sola to serve as the Chairman of the Federal Maritime Commission (FMC). The designation was made on 20 January. Chairman Sola has served as a Commissioner of the FMC since January 2019, and he succeeds Daniel B. Maffei as Chairman. The Chairman is the chief executive and administrative officer of the Commission. Commenting on his new role CMA CGM orders twelve 15,500 TEU vessels, narrowing gap with Maersk French container shipping giant CMA CGM has sent a new order of 12 LNG dual-fuel container vessels to South Korea's shipyard HD Hyundai Heavy Industries. The two companies signed a letter of intent (LoI) for a contract valued at around 3.9 trillion won (US$2.7 billion), which is the first order that the shipyard received in 2025. The estimated price per container ship exceeds US$220 million. CMA Mabanaft Group rebuilds its own tank terminal in Hamburg Mabanaft Group aims to enable the storage of methanol at Blumensand and facilitate the import of low-carbon methanol to northern Germany. By investing in methanol storage capabilities, Mabanaft wants to support its customers' transition towards greener alternatives. The company expects demand to grow in the future, both in shipping and other transport sectors, as well as in the chemical industry. Ceasefire sparking Red Sea hope; Trump sets tariff, de minimis changes in motion The six-week first stage of the Israel - Hamas ceasefire began on 19 January bringing a reprieve to the fifteen months of fighting which were also the pretext for Houthi attacks on vessels in the Red Sea. The Houthis released statements announcing that as long as the ceasefire holds they will not attack nearly all Red Sea traffic. The group claims it will not target vessels making Israeli port ca HMM partners with JNPA to develop new mega container port in India HMM has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on the development of Vadhvan Port in India. Under the agreement, HMM will assist in the development and operation of Vadhvan Port, a major Indian government initiative aimed at becoming one of the world's top 10 container ports by 2040. The port is designed to handle 23 million TEUs Port Hedland selects Konecranes Gottwald Cranes to enhance lifting capacity Pilbara Ports in Western Australia has placed an order for two ESP.9 Konecranes Gottwald Mobile Harbor Cranes to enhance operations at the Port of Port Hedland, the world's largest bulk export port by tonnage. The order, finalized in the fourth quarter of 2024, will see the cranes delivered to the Lumsden Point development in 2026. During the 2023-24 financial year, the Port of Port Hedland handl Streamlining Retail Operations During Seasonal Sales Image source Seasonal sales are exciting opportunities for retailers to boost profits, attract new customers, and clear out inventory. However, the increased demand

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JANUARY 23, 2025

Performance Shipping extends aframax charter at lower rate Greece's Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport. The deal will see the deal for the 2011-built, 105,525 dwt tanker P. Monterey extended for 12 months. The charterer has the option to shorten or extend the deal by 30 days. The extension started ... Nordic American Tankers sells one vessel and takes another with purchase option Suezmax specialist Nordic American Tankers (NAT) is adding a leased vessel to its owned fleet and shipping out one of its oldest tankers. The New York-listed company said it had declared a purchase option on an unnamed 2018-built vessel "on favourable terms from a close financing partner". NAT has three 2018 Samsung-built suezmaxes - the ... Petrobras extends Modec FPSO charter for five more years Brazilian state-owned oil and gas major Petrobras has extended the charter of the Modec-owned FPSO Cidade de Angra dos Reis working off Brazil. The FPSO, located on the Tupi field, has been in operation since October 2010. The extension will see the unit stay for an additional five years, until 2030. It was the first ... Singapore Strait becoming a piracy hotspot again The Singapore Strait is becoming a piracy hotspot once again. A Singapore-flagged bulk carrier was boarded by six individuals while transiting eastbound in the Philip Channel of the Singapore Strait in Indonesian waters, the latest in a series of attacks in the same area over the past few months. According to UK maritime security specialists ... New report highlights shipping's weak position within the global energy transition A new report from UCL's Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with the ongoing global transition to a low-carbon energy system. The report ... Sentek Marine barred from selling bunkers in Singapore Disgraced Sentek Marine & Trading will cease bunkering activity in Singapore next month after the country's Maritime and Port Authority (MPA) decided to not renew its bunker supplier and bunker craft operator licences. In September 2022 Sentek Marine was charged in court with acquiring marine gasoil that was embezzled from Shell's facility in Pulau Bukom. ... CMA CGM inks 2025's largest ship orders to date France's CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy

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JANUARY 23, 2025

LNG shipping spot trade, already historically terrible, gets even worse In LNG shipping, there's nothing unusual about peak spot rates over $100,000 per day. LNG vessels are more expensive than... Non-dom 'exile' Tsakos hits out at UK as government reconsiders tax reforms UK Chancellor Rachel Reeves pledges to soften non-domiciled tax rules amid exodus of wealthy individuals, but it will unlikely be... Number of ships using LNG up 33% in 2024 Lobby group Sea-LNG has welcomed continued growth in uptake of liquefied natural gas by the merchant fleet as more ports... Marinakis floats Greek media empire on stock market Alter Ego Media includes leading Greek TV channel as well as prominent print and online media Researchers warn on risk of stranded assets Report warns green regulations could still turn conventional ships into stranded assets, since their severity will increase over time Outgoing US Maritime Administrator Ann Phillips reflects on term Rear Admiral (Ret) Ann Phillips, the outgoing Maritime Administrator, spoke to Lloyd's List as she prepared to depart the position... Geopolitical tensions accelerate push for supply chain alternatives New study shows a rapid shift of supply chain tendencies, as shippers look to build resilience in a new and... No short-term Suez return expected for vehicle carrier sector With a high proportion of the chartered global car carrying fleet being connected to Israeli ownership, operators won't risk another... Fredriksen loses marathon fraud case against Arcadia executives Defendants acted honestly and within authority, argues Justice Henshaw Trump tariffs could see 70% drop in Chinese exports to US The 45th and now 47th US president said he wants to impose tariffs of up to 60% on China on... India authorises third sanctioned Russian P&I provider Depth of cover unclear, say market sources The Daily View: Green dreams go dark Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping NorthStandard offers one-stop shop P&I and hull cover to smaller vessels Move will heighten competition with fellow International Group affiliate Shipowners' Club HD KSOE wins $2.6bn LNG dual-fuel order from CMA CGM A dozen, large, LNG-powered containerships, ordered by the French carrier, are scheduled for delivery by December 2028 Daily Briefing Crimea caller sails for Libya in Russian power play | Houthis say Galaxy Leader's crew released | Russian 'spy ship'...

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JANUARY 23, 2025

Knight-Swift puts LTL buyouts on hold as US freight market flattens A "pivot" from LTL acquisitions and terminal openings may signal greater belt-tightening by trucking companies in a continuing soft market. Murky outlook for container shipping is no barrier to ship ordering bonanza Ocean carriers may soon finalize a series of large ship orders as the newbuilding spree that took the order book to a record 8.3 million TEUs by the end of 2024 is set to continue. Bolder Trump injects new volatility into container shipping President Donald Trump injecting himself into longshore labor talks and his recent threat to take over the Panama Canal are a precursor to the unpredictability container

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JANUARY 23, 2025

Harland & Wolff's insolvency of its shipyards put into question by UK Parliament committee Completion of its sale to Spain's Navantia expected soon Investor appetite for dividend is growing, says DNB Markets boss Jim Cirenza explains changing trend at a challenging time for shipping in the capital markets Seasonal downturn gets real as capesize spot rates drop below $9,000 per day Cargo volumes are still healthy, but activity in China is going quiet ahead of the Lunar New Year holidays Friends with benefits: Shipping tonne-mile boost from politically aligned trading McKinsey says tariffs, sanctions and government pressure have caused rise in trade between allies Trump ramps up pressure on Houthis with terrorist group designation The move reverses Biden's decision and doubles up blacklisting of the militant group Overcapacity fears stalk shipping as ordering at levels not seen since 2007 Almost all sectors saw significant ordering last year 'Not all equal': Why Aristides Pittas' latest spin-off could actually work for investors This week's Streetwise profiles financier James Lightbourn's attempt to paint with a narrower brush CMA CGM linked to $2.6bn order for raft of LNG dual fuel container ships HD Hyundai Heavy Industries pulls in its first order of 2025 Shipping set to blow its carbon budget as it fails to future-proof its fleet Research from UCL shows no slowdown in emissions despite industry awareness of upcoming regulations Iran could renew attacks on shipping if Donald Trump squeezes too hard, warns economist Repeat of 2019 attacks on shipping feared if US doubles down on sanctions against Iran's oil exports LNG carrier lay-ups seem inevitable as spot rates for modern tonnage 'absolutely decimated' Levels for two-stroke tonnage plummet into single figures on vessel over supply and lack of cargoes HMM joins ultra-large container ship port project in India that harbours bold ambitions Liner company believes new port will strengthen competitiveness of its Indian subcontinent service 'Super-hot' Nordic high-yield bond market attracts shipping issuers and investors Fearnleys urges shipping issuers to contact their bankers 'Uncertainty, disruption, volatility, inefficiencies - this is what we thrive on': Why Trump is good for dry bulk Marine Money conference in London hears that new president's mega-tariff threats are likely to be pared back China overtakes Japan as owner of world's most valuable shipping fleet with $255bn stable VesselsValue also notes a big rise in Swiss-controlled vessels Asian buyers tap yards and owners for fresh wave of supersize ethane carrier newbuildings Three projects are tapping yards and owners considering orders for giant ethane carriers Nikolaj Sogaard steps up to run Hafnia's MR and LR teams in Denmark Hafnia executive adds MR brief to previous role as head of LR vessels in Copenhagen Vietnam Maritime Corp puts product tanker up for tender sale Company plans to sell Dai An before special survey Sanctions-fuelled VLCC bullishness holds as rate rally hits a wall Middle East to Asia shows some signs, but brokers have been teased there before Tanker stocks and dividends: What investors should watch in the year ahead Bank says Zim is a 'good short' in more fragmented container market Hyundai LNG Shipping sets tone with first LNG carrier scrap sale of 2025 A 29-year-old steam turbine vessel is heading for the breakers Herbjorn Hansson's Nordic American inks first tanker S&P deals in over a year Owner adds suezmax to fleet at the same time as it clears out veteran Houthi pullback tipped to put pressure on cooling chemical tanker rates Norne Securities lowers target price for shipowner Stolt-Nielsen ahead of fourth-quarter earnings Insurance giant Gard targets expansion in Japan with new marine lines P&I market leader has 'strong ambitions for growth' Shipowners offered lucrative deals for shadow fleet tanker shipments as sanctions sting Russian-trading tankers head east to keep exports flowing to China from the key Kozmino terminal Nikolaj Sogaard takes over operation of world's biggest MR and LR product tanker fleet Hafnia executive adds MR brief to role as head of LR vessels India adds new Russian marine insurer to approved list as sanctions bite Shipping regulator adds Soglasie to sanctioned Russian P&I providers Singapore's MPA refuses to renew licences of bunker supplier Sentek Marine Company was accused of misappropriating $56m of gasoil from Shell's Pulau Bukom refinery Seacon Shipping hires ex-ExxonMobil freight trader for tanker desk Egest Barbullushi will be based in Athens