PM Gati Shakti an infrastructural game changer: Maharashtra Ports Minister Dadaji Bhuse
Transworld Group & Messina Line achieve historic loading performance at Adani Terminal, Mundra
BOFBA deliberates on key issues at 67th Annual General Meeting
Updated berthing policy & tariff structure at Mundra
India's first aluminum freight rake launched
CMA CGM Overweight Surcharge on Asia & India East Coast to Nigeria trade
Global piracy & armed robbery slump, but concerns remain in certain pockets
OUR PORTS THIS WEEK
PIL implements first electronic Bill of Lading, for company based in India
Centre plans to take over State Highways with high traffic density, develop 4 or 6 lane highways & then recover investments through toll collection within 12-13 years: Nitin Gadkari
MOL joins consortium to utilise digital technology for reducing CO2 emissions from vessels
Indian Register of Shipping expands footprint in South-East Asia with RO authorisation from Philippines maritime flag administration
HAROPA PORT Le Havre welcomes Finnlines' first hybrid RoRo vessel
CMA CGM to launch AMERICAS XL, a new service between US East Coast & West Coast South America
MSC connects Abidjan, hinterland West Africa directly with Far East
Rotterdam & Gothenburg ports to launch Green Corridor
Big Lock chamber out of operation at Kiel Canal
India world's second largest sugar exporter
Haldia berth cranes out of commission
Aiming to commission Vizhinjam port by next year: Minister
Equinor appoints new president of U.S. offshore wind business Molly Morris will serve as the new president of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, who will take on a new opportunity within Equinor. Morris joined Equinor
DEME selects Seaqualize heave compensation solution for Vineyard Wind 1 installation DEME Offshore US LLC is to use a new heave-compensated offshore lifting solution on its contract to install the wind turbines for the first large-scale offshore wind installation in the U.S., Vineyard
SAAM orders two all-electric tugs for Vancouver operations SAAM Towage has reached an agreement that will see Turkey's Sanmar Shipyards build two Robert Allan Ltd designed ElectRA 2300 SX battery electric tugs. They will operate at the Neptune Terminals bulk
Mayorkas approves a second Puerto Rico Jones Act waiver Despite the outrage expressed by U.S. maritime interests over his earlier issue of a "temporary and targeted" Jones Act waiver for Puerto Rico, Secretary of Homeland Security Alejandro Mayorkas approved another such
Wheat laden vessel reaches Chittagong from Russia after 8.5 months A wheat-laden vessel reached Chittagong port from Russia on 13 October for the first time after Moscow began a war with Kyiv in late February. Since the war broke out, imports from Russia to Bangladesh remained halted due to sanctions imposed by western nations and war-related risks. After sailing on 17 September from the port of Novorossiysk in Russia the vessel namely Sealuck II, a flag carrier
COSCO SHIPPING Ports boosts revenue and profit in 2022 first half COSCO SHIPPING Ports (CSP) has reported strong financial results in the first half of 2022, while the port/terminal operator's container volumes slightly increased in the same period. From January to June 2022, CSP raised its revenue and gross profit by 24.7% and 33.3% year-on-year (YoY), reaching US$704.6 million and US$197.7 million respectively. During the same period, profit attributable to e
Port of Antwerp-Bruges sees container traffic decline in 2022 After the first nine months of 2022, container throughput at the Port of Antwerp-Bruges is down 8.8% in terms of tons and 5% in terms of TEUs compared to the same period last year. The decline is the result of the ongoing disruption of container logistics and the effects of the conflict in Ukraine, according to the port's announcement. "Containers are still not rotating sufficiently due to conges
Saudi Ports' TEU volumes increase in September Saudi ports record an increase in container throughput during September 2022, reaching a total of 657,420 TEUs which represents a 9.2% growth compared to the same month last year. Export boxes reached 266,654 TEUs with a 12.48% increase compared to September last year, import containers reached 203,000 TEUs with a 6.74% increase, while transshipment containers recorded an 8.59% increase to reach
2M Alliance merges two services, suspends one in Asia to Pacific Northwest trade As 2M Alliance's TP1/Maple and TP9/Eagle services have been inconsistent in terms of departure frequency and extended transit times, according to 2M Alliance of Maersk and MSC, the two container giants have decided to merge them into an updated TP1/Maple line. The first sailing of the new consolidated TP1/Maple service will be on 28 October and will begin from the port of Xiamen with the followin
Hamburg to deploy feeders on intra-terminal container transfers to reduce road congestion Feeder ships are expected to be used for container transfers between the major box terminals in the port of Hamburg in Germany from 1 November with the aim to reduce the number of truck journeys between the terminals, shorten waiting times and decrease CO2 emissions. Danish shipping firm Unifeeder, German software specialist DAKOSY and DIHLA DAKOSY Interessengemeinschaft Hamburger Linienagenten (
PIL donates around US$1.4 million to community and charitable causes in Singapore Pacific International Lines (PIL), on the occasion of its 55th anniversary, i s committing US$1.4 million (S$2 million) in financial contributions to community and charitable causes in Singapore. The donations were handed to the representatives of four organisations that received financial help, Chinese Development Assistance Council (CDAC), Singapore Indian Development Association (SINDA), Yayas
MSC revises overweight surcharges for Indian export cargo Mediterranean Shipping Co. (MSC) has announced a new scale of overweight surcharges for Indian containers moving to Canada, Mexico, Central America and the Caribbean. The Geneva-based liner has begun charging US$300 per 20-foot dry box from 1 October. The levy applies to standard containers weighing over 18 metric tons, excluding the tare weight of the equipment. "MSC has decided to implement a r
Major European box ports ink agreement for green corridor initiative The port authorities of Rotterdam and Gothenburg have signed a Memorandum of Understanding (MoU) for the realisation of a green corridor to support sustainable shipping between the two European ports. The agreement was signed in Gothenburg, Sweden on 13 October, during a Dutch state visit to Sweden which took place in parallel to the chainPORTS summit in Gothenburg. The MoU aims to further streng
Closed-loop management returns to Ningbo-Zhoushan amid new Covid-19 outbreak Ningbo-Zhoushan port has implemented closed-loop management and green channels to enable the movement of container trucks, after new Covid-19 outbreaks in the Beilun district, where the port is located in, resulted in a three-day lockdown that began on 14 October. However, the lockdown is expected to be extended as more infections have occurred. Authorities swung into action after a Covid-19 infe
Maersk announces port rotation changes on SAECS service Danish box line Maersk has decided to change the port rotation of the SAECS service aiming to improve efficiency and schedule reliability. The updated rotation of Maersk's SAECS service will be Port Elizabeth (South Africa) - Durban (South Africa) - Cape Town (South Africa) - Rotterdam (The Netherlands) - London Gateway (United Kingdom) - Bremerhaven (Germany) - Algeciras (Spain) - Port Elizabeth
Liverpool port dispute escalates, dockworkers to go on another two-week strike Nearly 600 Liverpool port workers will take two more weeks of strike action over pay and jobs from 24 October to 7 November, according to the British trade union, Unite. "Since the strikes at the docks began on 19 September, the workers have been subject to job threats despite plans to expand the port and untrue statements that they are being offered 10.2% by the company. The real offer is around
CMA CGM applies new overweight surcharge on Asia and India East Coast to Nigeria trade French container carrier CMA CGM will implement a new overweight surcharge (OWS) concerning dry cargo from Asia and Indian east coast ports to the port of Apapa in Nigeria. Effective tomorrow (18 October), CMA CGM will apply an OWS of US$250 per 20' dry container with a gross weight equal to or over 18 tons from North East Asia, South East Asia, China, Hong Kong SAR and India's east coast ports t
The holy grail of ship management? Per Starup Sennicksen questions whether any manager is brave enough to offer clients a guaranteed opex. Sam Chambers recently wrote on LinkedIn: "The business model of ship management has been the same for nearly half a century - it will face some kind of disruption soon, delegates were told at our Maritime CEO Forum Singapore." ...
Transnet agrees wage deal with key labour union South Africa's ports and freight-rail operator Transnet has agreed a wage deal with its largest labour union, ending a strike that resulted in a major delay in commodities exports and millions in losses. "Transnet and the company's majority union United Transport and Allied Trade Union (UNTU) reached a three-year wage agreement today," the logistics group ...
Hav Group terminates Hoglund Marine Solutions takeover Norwegian maritime and marine technology provider Hav Group has called off the takeover of compatriot Høglund Marine Solutions, a provider of sustainable automation services and LNG fuel gas systems. A letter of intent was signed in June between the two parties for the acquisition, which HAV said was a strong strategic fit for its subsidiary ...
Himalaya Shipping fixes four more ships Oslo-listed Himalaya Shipping has struck another charter deal this month, fixing four of its newcastlemax dry bulk carriers currently under construction in China to Singapore's Koch Shipping. The Tor Olav Troim-backed owner said the ships will commence a 24-month charter in the second and third quarter of 2023, at an index-linked rate with a significant ...
Amasus signs for four multipuropse newbuilds Dutch shipowner Amasus Shipping has penned a deal with Handelskade Shipsales and Turkey's Bogazici Shipyard for the construction of a series of four open-top multipurpose (MPP) shortsea cargo ships. The Eems B-types have been engineered in collaboration with DEKC Maritime, classed by Lloyd's Register and are close to 90 m long with a 14 m ...
Rotterdam and Gothenburg sign green corridor deal The Port Authorities of Rotterdam and Gothenburg have signed a memorandum of understanding for the realisation of a green corridor to support sustainable shipping between the two ports. As part of the initiative, the ports will establish a common framework for cooperation to stimulate the use of new alternative fuels. The deal was signed in ...
Wärtsilä eyes Voyage business turnaround with Marine Power unit combination Finnish marine technology firm Wärtsilä has moved to turn around its Voyage business by integrating it into its Marine Power unit by year-end. The company said the move comes as the Voyage business has been "severely impacted" by the pandemic and recently the closure of its operations in Russia. Wärtsilä announced a complete halt to ...
Norwegian multi-turbine floating wind project presses ahead Norwegian startup, Wind Catching Systems has won a technology development grant of NOK22m ($2.1m) from government enterprise Enova to support the design, construction and testing of a wind turbine that the company plans to install in its floating multi-turbine structure called the Windcatcher. The Olso-based firm, owned by Ferd and North Energy, with backing from ...
LNG rates climb to $450,000 a day Spot rates for LNG carriers continue to soar to new highs. The Baltic Exchange has rates as high as $450,000 a day, while Spark Commodities reports fixtures in the Atlantic at $425,000 a day, with many analysts suggesting the half a million dollars a day mark could be reached this month. Average spot rates for ...
Maritime CEO Forum Monaco: A new attitude to shipmanagement Kicking off coverage of last week's Maritime CEO Forum held at the Monaco Yacht Club, Splash brings readers key takeaways from our wide-ranging debate on how the shipmanagement sector is set to undergo significant change in the coming decade. Featuring the heads of a number of the best known shipmanagers in the world, the panel ...
Transocean awarded semisub contract off Suriname New York-listed offshore drilling contractor Transocean has secured a one-well charter from TotalEnergies for the deployment of semisub rig off Suriname. The 2009-built rig is expected to start in January 2023 and work until March same year at $345,000 per day, excluding additional services. The deal includes two one-well options at a dayrate of $360,000 ...
Liverpool dockworkers to stage further two-week strike Hundreds of port workers at the Port of Liverpool, one of the UK's largest container ports, will stage two more weeks of strikes over pay and jobs. Nearly 600 dockworkers will walk out again from October 24 to November 7, after industrial action over recent weeks, the Unite union has said. Port owner Peel Holdings ...
Joakim Hannisdahl and Cleaves part ways Joakim Hannisdahl has parted ways with Cleaves Securities. Hannisdahl cited "irreconcilable differences" with his employer for the shock departure, with Cleaves telling investors a new team has been put in place to run the shipping fund, which Hannisdahl founded a year ago. "Matters have been disclosed and discussed," Cleaves Securities CEO Per Olav Karlsen wrote ...
Euronav banks $34.7m from selling its vintage ULCC Belgium-based tanker giant Euronav has sold its 2002-built ultra large crude carrier to undisclosed buyers. The New York and Brussels-listed owner said the Marshall Islands-flagged vessel will be delivered during the current quarter as debt-free and generate a capital gain of $34.7m. The 441,561 dwt ship, which was one of only four of such scale ...
LNG Jones Act waiver for Puerto Rico The Biden administration approved another Jones Act waiver over the weekend to allow urgent supplies of LNG to be sent to Puerto Rico in the wake of Hurricane Fiona. This is the second waiver issued in three weeks as the island struggles to get its power grid back up and running after the huge storm ...
Equinor locks in platform supply ships Norway's Equinor has signed new agreements with five compatriot owners and operators for the long-term provision of six platform supply vessels to support its activities on the Norwegian Continental Shelf. In addition to the earlier reported Eidesvik Offshore deal for the 2004-built PSV Viking Avant, the energy group has booked Island Offshore's 2012-built Island Crusader, ...
Prosafe emerges as frontrunner for Petrobras $73m flotel contract Offshore accommodation vessel owner Prosafe said it has submitted the most competitive offer in a bidding process for a 650-day firm period contract by Petrobras. The contract, worth $73m, equivalent to $112,500 per day, is subject to a formal clarification process during which Petrobras is under no formal obligation to conclude a contract and other ...
Pilbara leads Australian ammonia bunkering charge Lloyd's Register has been selected to undertake feasibility studies into using clean ammonia to refuel ships at ports in the Pilbara region of Western Australia. The announcement follows the signing of a collaboration agreement in August between Yara Clean Ammonia and Pilbara Ports Authority (PPA). "Yara Clean Ammonia's ambitions in Australia will move the dial ...
Pacific Gas orders VLECs at Jiangnan In the gas carrier sector, Chinese owner Pacific Gas, part of Shandong Shipping, has ordered two firm 99,000 cu m ethane capable VLECs at Jiangnan Shipyard in China, according to Clarksons Research. The contract comes with options for two more ships. No price has been revealed for the vessels with the firm units due to ...
Rare suezmax resale concluded A rare suezmax resale has been recorded. Clarksons Research is reporting Unisea Shipping has sold a newbuild it had contracted Samsung Heavy Industries to build with Greece's Thenamaris paying $76m for the ship. "The sale illustrates the lack of liquidity in this segment, especially for modern ships, as it's the first transaction of note since ...
Sempra Infrastructure gets extension to build Texas Port Arthur LNG export plant The US Federal Energy Regulatory Commission (FERC) has approved a request from Sempra Infrastructure for an extension to complete construction of a Port Arthur, Texas, liquefied natural gas (LNG) export plant and pipelines. The extension gives the company more than an extra four years, moving the deadline from April 2024 to June 2028. When FERC ...
Rhode Island seeks proposals for 600 to 1,000 MW of offshore wind In July, Rhode Island Governor Dan McKee signed into law clean energy legislation that requires a market-competitive procurement for between 600 and 1,000 MW of newly developed offshore wind capacity. Rhode Island Energy, the primary utility company for the state, located on the US Atlantic Coast, has now issued a request for proposals to develop ...
Nakilat pledges secure energy transport as profit increases Nakilat chief executive says the company has diversified its fleet and improved operations in the shipyard to achieve sustainable and...
EU taxonomy rules sweep shipping into their wake Banks and shipowners must disclose alignment with EU emissions goals under the classification system for sustainable economic activities
Grain corridor to be expanded in renewal talks Representatives from the United Nations, Ukraine, Russia and Türkiye are meeting to discuss the future of the corridor while the...
IT departments do not equate to 'cyber-resilience' Innovation and digitalisation magnify the risks malicious actors pose, and experts say the industry appears ill-prepared to meet these challenges
Euronav sells aged ULCC for storage Ultra large crude carrier with 3m barrels capacity is currently in Malaysian anchorage, Lloyd's List Intelligence data shows
Wärtsilä's units merger shows digitalisation is struggling Finnish business has merged its Voyage division into Power. This is a mistake. What Wärtsilä Voyage needed was an education...
Wärtsilä merges voyage and power units to cut costs Company has not given up on smart shipping but concluded that Voyage could not compete as a standalone division, says...
The week in newbuildings: Tanker orders may replace boxship cancellations Shipbuilding berths committed to building post-panamax and sub-panamax containerships can be used to construct medium- and long-range tankers should the...
The week in charts: Russia's fleet finds new business | Boxship values drop 35% | Dry bulk spot rates stabilise China has increased imports of Russian coal by 19% this year, container spot rates continue downward trend and shipping rates...
Liner shipping carriers enter another price war The pace of decline in freight rates resembles the aggressive price competition between container shipping that triggered the collapse of...
Pilbara ports to pilot ammonia bunkering study The initiative will focus on the key factors needed to assess the potential uptake of ammonia bunkering
Global supply chain will be 'more challenging' in 2023 Container rates will not go 'down the drain', despite supply returning to the market, as container lines have better capacity...
US approves LNG Jones Act waiver for Puerto Rico Biden administration follows diesel waiver in September with an agreement to allow non-US-flagged vessels carrying LNG to call at hurricane-stricken...
Daily Briefing Smart sanctions must heed the law of unintended consequences | Russian fleet doubles down on trade with friendly countries |...
Port of Charleston's harbor deepening nears completion The deepening of Charleston's harbor will enable the port to handle larger vessels that are carrying growing volumes of imports from Southeast Asia and the Indian Subcontinent to the US East Coast.
Charleston's harbor deepening nears completion The deepening of Charleston's harbor will enable the port to handle larger vessels that are carrying growing volumes of imports from Southeast Asia and the Indian Subcontinent to the US East Coast.
Deal partially ends South Africa dockworker strike The Transnet-UNTU agreement will put pressure on South Africa's second-largest dockworker union to agree to a deal after it rejected a proposal over the weekend.
MSC's orderbook signals brewing battle with 2M partner Maersk: analyst With MSC poised to further increase the size of its fleet, it could back out of the 2M Alliance to create its own standalone service network, leaving Maersk to search for new vessel-sharing partners, writes JOC analyst Lars Jensen.
Port congestion a drag on Antwerp-Bruges volume Europe's container imports from Asia have weakened, but hubs in the region are battling ongoing port congestion that is set to last into next year.
Heightened US oil production boosting Houston steel imports Breakbulk tonnage has risen at Port Houston's City Docks facility after the global oil price shock linked to the Russia-Ukraine war prompted an increase in active oil rigs in Texas.
Rates 'peak': Matson projects third-quarter earnings dip as pandemic rally winds down Income from its shipping operations and overall profit are projected to decline when results are announced in November
SAAM Towage strikes deal to operate Turkish-built electric tugs in Vancouver Sanmar Shipyards to build pair of emissions-free vessels to be operated at Neptune Terminals in British Columbia
US waives Jones Act again to allow shipment of US LNG to Puerto Rico Island's governor says barge will carry volumes from the Dominican Republic for the EcoElectrica power plant
Bulker futures bleed red as physical rates move sideways in 'uninspiring' Atlantic basin November contracts for capesize bulkers fell almost 12% on Monday
VLCC rates jump with scrubbers still earning big premium On Monday, a VLCC headed to China was fixed at nearly $87,000 per day and another more than $94,000 per day
German, Polish and Italian refineries could boost tonne miles, or end up bottlenecks Four refineries might have issues sourcing barrels once European Union sanctions kick in on 5 December
Himalaya Shipping fixes four more newcastlemaxes on long-term charters Six of the shipowner's 12 newbuildings have period employment lined up for when they are delivered
SCF insurance crisis 'scotched oil production in Russia's Far East' Reports suggest ExxonMobil refused to accept local insurance for Sovcomflot tankers following US-imposed sanctions
HAV Group scraps Hoglund Marine takeover after price spat Norwegian maritime technology groups had intended to merge this year
Fearnleys expands in London with tanker broker hire Himanshu Sharma joins the Norwegian broker in London as tanker markets heat up
Your ship's emissions may already be lower than you think, say tech disruptors Traditional methods of reporting greenhouse gases from ships overstate their true footprint, say technology platforms
Foresight close to VLGC deal as Mehrotra eyes 10-ship fleet Indian owner outlines bigger ambitions for gas shipping expansion
BP LNG carrier arrives at Eni's Coral-Sul FLNG unit ahead of first exports A long-awaited initial shipment from Mozambique floating production could take place before end of October
Bulk carrier S&P market fires on all cylinders amid flurry of deals Stable freight rates, inflation worries and individual owner strategies lead to a proliferation of transactions
Tanker values still have 'room to rise' in buzzing market One-year charter earnings suggest buyers will continue to bid up prices
Ukraine sanctions create a lucrative niche for Russian bunkerer Murmansk bunkerer Scadar expects a booming year after sanctions left it without Norwegian competitors
Grimaldi secures $68m in 'green' finance for ro-ro newbuild brace Italian lender Intesa Sanpaolo provides loans tied to ecological performance
Tanker newbuilding slots to remain tight at yards despite container ship woes Braemar says high cancellation costs will prevent many boxship projects being switched to tankers
Well-to-wake strategy is vital to stemming emissions - even from carbon-free fuels, says Bureau Veritas Alternative fuels may have a carbon-intensive supply chain or emit other greenhouse gases, report argues
Container shipping faces 'classic boom and bust' as rates plummet to pre-pandemic levels Ocean carriers may be powerless to stem the speed at which freight rates are falling
Nakilat's third-quarter profits climb as it vows to provide energy security Doha-listed LNG shipowner says it has been diversifying its portfolio and international outreach
Equinor secures tonnage with platform supply vessel charters worth $236m Norwegian oil major taps owners such as Eidesvik and Simon Mokster for North Sea supply ships
Seafarer dies as South Korean tanker sinks off Taiwan Kelsey 2 reported to have suffered water ingress en route from Hong Kong
Sean Fernback out in shake-up at Wartsila after Russian impairments Software business Voyage to be integrated into Marine Power operation
Hong Kong shipowner Wah Kwong celebrates 70 years with a party in London- home to its newest office Big turnout at capital's upmarket Berkeley hotel
John Fredriksen-controlled Seatankers sets benchmark price on LR2 tanker resale duo Navig8 named as buyer of two 2023-delivering, Chinese-built vessels
Aponte family fortune swelled to $100bn in container shipping boom, report claims Clan behind Mediterranean Shipping Co is now reportedly the richest in Switzerland
Euronav sells the world's biggest tanker for a fat $35m profit ULCC Europe sold for storage work as owner's fleet renewal continues
Public-private supply chain tie-ups will be key to unlocking green fuels All maritime stakeholders must work with governments, to prepare the global supply chain for the transition
VLCC speeds surge as tanker rates rise Signal Group report says tanker rates are poised to continue upwards despite signs of lower oil demand
Greece's Thenamaris linked to rare suezmax newbuilding resale Clarksons says deal illustrates the lack of liquidity in this segment
West Africa unlikely to fill void left by EU ban on Russian crude imports, says Poten Broker says new Nigerian refinery is also likely to restrict exports from the region
Airbus markets specialized Beluga super freighter to outsiders Airbus is establishing a for-hire cargo airline using super-jumbo jets that previously hauled aircraft fuselages and tails for its own supply chain.
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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