MALA 2022 basks in the ambience of excellence amid record participation
HAROPA PORT taking steps to accelerate modal transfer
Cabinet approves development of multipurpose cargo berth off Tuna Tekra, Kandla on BOT basis
NPG clears 229 critical infra projects under PM Gati Shakti
Revised floating cranes deployment policy at Sandheads, Sagar
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India's GDP growth lowered; but fastest among major economies: IMF
Spice exports seen growing at 6.5 pc annually
S. Railways' freight revenue up 17 pc
BSE SME Platform lists 400th company
Ports seen facing more disruption from strike action
MoU inked to finance rail infra projects
Leading educationists Prof. Ralph Thomas & Prof. Dr Satish Visavadia visit JBS Academy to explore mutual cooperation avenues in knowledge sharing & skill development
Continental Maritime books Navy contract with a $38.2 million potential Continental Maritime San Diego, San Diego, Calif,, has been awarded a $14,963,483 firm-fixed-price undefinitized contract action (UCA) for the amphibious transport dock ship USS Portland (LPD-27) fiscal 2023 selected restricted availability. The
Romania orders two Stan Patrol emergency response vessels The Romanian Government's General Inspectorate for Emergency Situations has ordered two Damen Stan Patrol 5009 emergency response vessels. The order follows an extensive tender process under Romania's Vision 2020 project that aims
Cadeler books 4-year contract for new hybrid installation vessel Copenhagen, Denmark, headquartered offshore wind farm installation specialist Cadeler (OSE: CADLR) reports that it has reached an agreement with an undisclosed customer that secures significant utilization of its new hybrid F-class vessel
SC Ports reports record box volumes in September South Carolina Ports (SC Ports) maintained fluidity for vessels calling the East Coast while handling a record number of containers in September. According to the port data, SC Ports handled 226,807 TEUs at Wando Welch Terminal, North Charleston Terminal and Leatherman Terminal in September, up nearly 11% year-over-year, translating to 124,963 pier containers, up 10% year-over-year. SC Ports has
Maersk opens new air freight station in Chicago Maersk has inaugurated a new Chicago Air Freight Gateway near O'Hare Airport that is planned to offer direct planeside recovery with immediate transfers to the new facility. The Danish company noted that 70% of the United States is within an overnight truck drive enabling important shipments from Asia and Europe to speed to their destination when the timing is essential. Maersk said the new facil
CMA CGM to start new winter version of Euromar service CMA CGM - Short Sea Lines Division has announced the new winter setup of its Euromar service that links Morocco with European countries. The new version of the service will launch on 5 November from the port of Agadir in Morocco and will be operated by four 1,300 TEU container vessels, each having 280 reefer plugs with 45'RFH intake. The French carrier's weekly service will have the following rot
JAXPORT announces new leadership roles Jacksonville Port Authority (JAXPORT) board of directors unanimously elected businessman J. Palmer Clarkson as chairman and elected additional officer positions effective from 1 October 2022. Clarkson founded Bridgestone HosePower, LLC, and is currently a member of the board of directors of the company, while he retired as president and CEO in June. According to JAXPORT, Clarkson and the followin
Sea-Intelligence sees high container capacity reductions In the weeks following Golden Week (weeks 41-43), carriers are taking out significant levels of capacity per week, as shown in the following figure of Sea-Intelligence for Asia-North America West Coast. "This level of blanked capacity is not only higher than in 2019 but has also increased from what was scheduled three weeks ago in the outlook from week 37," commented Sea-Intelligence's analysts.
Congested European ports not enough to cushion falling volumes While unrelenting port congestion in Europe has made liner operators skip some calls, it has been insufficient to prop up the freefall in freight rates. Alphaliner, in its latest report today, stated that Shanghai - North Europe spot freight rates have fallen by 48.5% in Q3. Its count of vessel arrivals for the 18 mega-alliance services between the Far East and North Europe (six for 2M, seven for
Cepsa, Port of Rotterdam to connect north and south of Europe with green hydrogen corridor Cepsa and the Port of Rotterdam signed a Memorandum of Understanding (MoU) to create the first green hydrogen corridor between northern and southern Europe. According to Port of Rotterdam Authority, Cepsa plans to export hydrogen produced at its San Roque Energy Park near the Bay of Algeciras, through hydrogen carriers. With the Dutch Government's support, and as part of Rotterdam's Energy Transi
MSC enhances African Express service with new call MSC announces a new direct call to the port of Abidjan on its African Express service aiming to offer better transit times in the market between Asia and Ivory Coast. It is expected that this new call will allow direct and fast connections between China, South Korea, Japan, Southeast Asia and t
Marubeni claims world's first biofuel trial on ethylene carrier Japanese trading house Marubeni Corporation said it has carried out a trial voyage on one of its chartered vessels using a marine biofuel blend, which to the best of the company's knowledge was the world's first biofuel supply to an ethylene carrier. The 2020-built , operated by GasChem Services, was bunkered with B25 marine biofuel, ...
Nautilus Labs and OrbitMI team up US maritime tech companies Nautilus Labs and OrbitMI have formed a strategic partnership aimed at managing data integrations, operational processes, and optimisation. The partnership announced at this week's SHIPPINGInsight conference, will allow joint clients to access Orbit Reporter, a browser-based tool that provides standardised reporting structures and templates. "The partnership between Orb
Havila Shipping fixes PSV pair Norway's Havila Shipping has secured new contracts from energy industry logistics provider Peterson Den Helder, an affiliate of Peterson Offshore, for two platform supply vessels. The 2009-built Havila Borg has been fixed for a period of 6 months with one optional period of 12 months. The contract has already commenced. Meanwhile, the Havila Herøy, also ...
Cadeler secures more work for foundation installation newbuild three years before delivery Oslo-listed Offshore wind contractor Cadeler has sealed a deal with an unnamed client for its wind turbine foundation installation newbuilding set to deliver in the fourth quarter of 2025. The Copenhagen-based company said it has secured utilisation of the so-called F-class vessel to be built by Cosco Heavy Industries for a period of up to ...
Floating offshore wind pipeline hits 185 GW mark Floating offshore wind project pipeline has more than doubled in the past 12 months in terms of capacity worldwide, from 91 GW a year ago to 185 GW, new research published by RenewableUK shows. According to the report, the number of projects has increased globally during that time from 130 to 230. The pipeline includes ...
Seadrill makes NYSE comeback Offshore driller Seadrill has received approval to relist its common shares on the New York Stock Exchange. The company, which emerged from bankruptcy protection this year, said it expects the trading to commence on or about October 14. Seadrill was delisted from NYSE in June 2020 after its shares closed below the minimum threshold of ...
Taylor Maritime Investments set to complete Grindrod Shipping takeover London-listed Taylor Maritime Investments (TMI) has struck a takeover deal with Singapore-based Grindrod Shipping that values the bulker owner at around $506m. The Ed Buttery-led TMI will, through its subsidiary Good Falkirk, offer $26 per share in the Nasdaq and Johannesburg-listed rival - a move that would create a significant market player in the mid-sized ...
UN seeks ways to extend and improve the Black Sea Grain Initiative The United Nations will attempt to get warring foes Ukraine and Russia to extend the Black Sea Grain Initiative for a year, while also looking at ways to streamline the way ships are inspected amid a growing congestion problem at the three ports designated in the transport pact . The grain agreement, brokered by the ...
US FMC proposes new demurrage and detention billing requirements The US Federal Maritime Commission (FMC) is proposing a new rule that seeks to bring more clarity, structure and punctuality to the demurrage and detention billing practices of vessel operating common carriers (VOCCs), non-vessel-operating common carriers (NVOCCs) and marine terminal operators (MTOs). If the proposed rule is adopted, VOCCs, NVOCCs and MTOs will be permitted ...
Green hydrogen corridor to launch between Algeciras and Rotterdam Cepsa and the Port of Rotterdam are to work together to establish the first green hydrogen corridor between southern and northern Europe, ensuring a green hydrogen supply chain between two of Europe's main ports, Rotterdam and Algeciras. The co-operation is part of Rotterdam's ambition to supply Northwest Europe with 4.6m tonnes of green hydrogen by ...
COSCO deepens ties with China's largest car manufacturer China's largest shipping line is deepening ties with the country's top automotive brand. SAIC Motor will transfer a 5.8% stake in SAIC to COSCO, while COSCO will offer 5% of its listed company COSCO Shipping Holdings
FMC proposes new detention and demurrage rule New proposal seeks to impose stricter requirements on the billing practices of ocean carriers and terminal operators
Wrongly jailed master gets warm welcome at industry event in Cyprus Cyprus shipping deputy ministry invited Andrzej Lasota to tell his story and highlight the injustices of seafarer criminalisation
Greek shipowner reveals methanol-fuelled bulk carrier orders Decision-making behind methanol choice revealed as Maritime Cyprus event discusses gap between decarbonisation targets and progress to date
Few steam-driven LNG carriers will comply with new rules Since the majority of the fleet will not comply with EEXI and CII, which come into force on January 1...
Grain corridor requires 25 daily inspections to solve ship backlog Inspection delays and longer journey times are reducing export capacity under the grain initiative
Containership values drop 35% following record highs Despite a recent decline in prices, owners can still earn good money from selling their boxships
Piracy falls to lowest levels since 1992 IMB urges masters to report incidents in Singapore Straits, to assist authorities track down assailants
Shipping rates yet to find floor as container throughput in China dips Slack demand has been reported on both transpacific and China-Europe trades, where rates are expected to continue lurching lower amid...
Nautilus Labs partners with OrbitMI to manage maritime data Intelligent seamless workflows are essential for driving profitability and cutting emissions, says OrbitMI chief
South Africa ports strike adds to container line disruption Box lines are implementing contingency plans as ports in South Africa close due to strikes. Rising cost of living means...
Taylor Maritime sets out financing for $506m takeover of Grindrod Taylor Maritime will use debt to fund the Grindrod takeover, which will create a fleet of 58 geared vessels
Hyundai Samho wins $243m LNG carrier order The latest contract brings KSOE's new orders to $22.1bn for the year, exceeding its target by nearly 30%
Vale scraps investment project at Chinese terminal The land, where the new berths and storage facility were planned to be built, is said to have been reserved...
Zodiac Maritime funds education programme at DSME Zodiac gives $2m towards the establishment of a scholarship scheme for all DSME employees' children
Yinson secures $720m financing for FPSO in Brazil FPSO Maria Quitéria is Yinson's second project award from Petrobras and its third project award in Brazil
Daily Briefing P&I hasn't turned corner yet, West warns | Sovcomflot swaps to Russian bonds as sanctions force long-term strategy shift |...
Ocean freight rates may slide to pre-pandemic levels by end of year: HSBC Tumbling rates and an injection of capacity as congestion clears has become a price-destroying tool on the major export trades out of Asia.
Maersk expands air cargo offerings with new Chicago facility Maersk's new air freight facility in Chicago is building on its fast-growing air cargo offering following the November 2021 acquisition of Senator International and purchase of new freighters for its Maersk Air Cargo division.
September plunge in US imports from Asia signals more declines ahead The effects of an earlier-than-normal peak season and canceled retail orders have begun to show in US import data, with volumes from Asia in September falling to their lowest level of the year.
Ocean rate levels may slide to pre-pandemic levels by end of year: HSBC Tumbling rates and an injection of capacity as congestion clears has become a price-destroying tool on the major export trades out of Asia.
Prepare for pre-pandemic rate levels by year-end: HSBC Tumbling rates and an injection of capacity as congestion clears has become a price-destroying tool on the major export trades out of Asia.
MPV/HL charter rates falling faster than expected: analysts Despite softening daily charter rates, the multipurpose and heavy-lift (MPV/HL) sector remains optimistic thanks to a growing renewable energy market and near-static fleet capacity.
Lineage Logistics expands with new business line, storage facility in Savannah Lineage Logistics' new business line and planned facility in Savannah builds on recent acquisitions the company has made amid an uptick in reefer storage demand.
Carriers moved too slowly at outset to stem trans-Pac spot rate collapse As carriers get even more aggressive in pulling trans-Pacific capacity, they are setting up the market for a spot rate rebound at the first sign of a pick-up in volumes.
US LTL costs rose in September after summer decline LTL costs to shippers rose 0.3 percent in September and were up 15 percent year over year while truckload costs declined more slowly, according to the latest US producer price index.
Cosco expects nine-month net profit to surge 44 percent to record $13.6 billion Highlighting the buoyant market conditions for the first nine months of 2022, Cosco Shipping said export freight rates on the main trade routes "were maintained at a high level."
Port software provider grows European terminal footprint with Antwerp deal Software vendor Portchain will help a DP World-operated terminal in the Port of Antwerp to automate communication from shipping lines to better coordinate berth plans, the companies said Wednesday.
Idan Ofer joins John Fedriksen as major holder in International Seaways Two 'big dogs' of shipping are now significant shareholders in New York-listed tanker owner
Matson and APL trade more legal blows in battle for Guam APL will be allowed to pursue its anti-trust claims against the Hawaiian shipowner, while Matson continues its broadsides
DNV sees huge LNG carrier demand despite massive fall in European gas use Remi Eriksen explains why shipping will remain vital in 'two-speed' energy transition
Dry bulk shipping shows little faith in IMF's improved GDP outlook for China and India China would have to abandon zero-Covid policy to realise expected economic growth, one shipowner says
DNV: Not sharing on cyber attacks is 'making the hackers more powerful' Learning from cyber incidents alone is not the way to go, says classification society executive
Global piracy hits three-decade low, International Maritime Bureau says But the threat 'remains real' despite the number of incidents in first three quarters of 2022 falling to 90
US official: IMO needs to move faster on safety of alternative fuels US Coast Guard's director of commercial regulations expresses confidence that UN body will adopt zero-emissions goal
Green Seas: Are battles ahead for shipping when competition law and green drive collide? Liner exemption debate provides a window into the way regulators will have to weigh carbon claims and protections against anti-competitive practices. Our environment newsletter explores
Cadeler's new wind ship fixed until 2030 in €330m deal Cosco newbuilding is due in 2025 at a cost of $345m
VLCC recovery has been built on 'shaky foundations', warns BRS Short-term turbulence forecast for big tankers after Opec+ cut
Clarksons says record number of new orders are alternative-fuel capable Nearly 60% of vessels contracted this year will be able to run on new methods propulsion
Would a hotline help? Shipping seeks answers to seafarer criminalisation Wrongful arrest of Polish master in Mexican drugs case sparks ideas about how to protect seafarers
Russian owner picks up tanker 'sanctioned' by Norway In a challenging market for Russian buyers, Murmansk bunkerer Scadar has picked up a tanker that Norway turned away this summer
The bridges are burning down but tankers are back from the dead Crude carriers are enjoying a fresh lease of life despite the war in Ukraine and the decoupling of Opec alliances
Daewoo Shipbuilding gets a $2m donation from Eyal Ofer's Zodiac Scholarship Fund The education fund is for children of DSME's employees
TMI relaxing investment rules to get big Grindrod deal done UK bulker owner clears the path to takeover as offer launched for Nasdaq-listed owner.
Potential shortage of feeder container ships threatens intra-Med trades Newbuildings are needed to mitigate the impact of environmental legislation on older boxship fleet
US digital firms Nautilus Labs and OrbitMI partner up Joint clients will be able to access OrbitMI tools and use Nautilus Labs' machine learning
Success and high rates spark gridlock on Black Sea grain route Dozens of vessels are gridlocked in the safe corridor. Is this a sign of the scheme's success, bureaucratic inertia or owner sloppiness?
Bangladesh's PHP Ship Breaking to recycle Chartworld capesize bulk carrier The Star Tianjin's arrival off Chattogram is one of the very few demolitions due to local currency and credit problems
Scorpio Tankers bullish on product market as buyback total hits $120m Emanuele Lauro-led owner currently prefers acquiring stock to paying out dividends as rates keep rising
Petrobras seeks 20 PSVs as it looks to secure 2023 capacity Brazilian energy giant's tender is part of strategy to contract 50 offshore ships for next year
TMI relaxing investment rules to pursue more big takeover targets UK bulker owner clears the path to more potential transactions as it launches Grindrod offer
Vitaly Arkhangelsky loses again over 'corrupt' Russian port asset sale Exiled Russian founder of Oslo Marine Group fails to prove fire sale was a state-backed grab of his assets
Black Sea safe corridor for Ukrainian grain hits capacity strains Sign of success, bureaucratic inertia or owner sloppiness? Dozens of vessels are gridlocked in UN safe corridor
Norway's Equinor set to claw in bids for LNG carrier newbuilding duo Energy company goes to market for ships during an exceptionally tight period for tonnage
Net-zero loggers aim for Nasdaq listing with Spac cash A transaction with a US blank-cheque company has lifted the lid on an inventive decarbonisation project by Chinese owner Topsheen
Stanford Marine sells AHTS for bunkering operations in UAE Dubai owner one of a number to offload oil and gas vessels for new uses
FreightTech firm PayCargo awarded $11.6M in trademark case PayCargo won its trademark case against CargoSprint, which was hit with $11.6 million in damages.
Cargolux orders 10 Boeing 777-8 freighters to replace older jumbos Cargolux is sticking with Boeing over Airbus for replenishing its 747 freighter fleet. On Wednesday, it ordered 10 modern 777-8s.
Shipping lines still raking in billions despite sinking cargo demand New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
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