Commissioner of Customs T. V. Ravi among many eminent personalities set to grace Gujarat Junction - CEO Roundtable & Exim Star Awards 2022 in Gandhidham on Nov. 25
WISTA International & Maritime SheEO officially announce MoU in India
FFFAI extends application date for nomination to YLP Award 2023 till November 30
Backhaul spot rates too showing significant drops, as per latest data
Dighi Port revises pilotage fuel surcharge rate
India's first Centre of Excellence for Green Port & Shipping launched
Sarbananda Sonowal reviews developmental works on Assam's Barak river (NW 16); asks experts to ensure seamless movement of cargo
Export duty on steel, some other commodities withdrawn
Oilmeal exports up 38 pc
EPTL & EPL conclude transaction of port & power infra assets to Arcelor Mittal Nippon Steel India
Suez Canal Container Terminal signs expansion agreement with Suez Canal Economic Zone Authority
New shipping services to connect King Abdulaziz Port with 6 regional & international ports
AD Ports Group & Transmar launch new Pakistan service
UP eyes Varanasi-Haldia inland waterway to boost agri, dairy products exports
Coffee exports surge
India to be among top three economic powers in 10-15 years: Sitharaman
Navy takes delivery of LCAC 106 The U.S. Navy accepted delivery of the next-generation landing craft, Ship to Shore Connector (SSC), Landing Craft, Air Cushion (LCAC) 106 on November 17. LCAC 106's delivery follows the completion of acceptance
Community Offshore wind awards site appraisal survey contract Community Offshore Wind, a joint venture between RWE Renewables and National Grid, has awarded Leidschendam, Netherlands, headquartered geo-data specialist Fugro an offshore survey contract to support site appraisal and concept design activities
Damen set to deliver big dredge in short order Ten years ago, Indonesia's Pelayaran Fortuna Nusantara Megajaya (PFNM) took delivery of the 2,500 cubic meter trailing suction hopper dredge (TSHD) Barito Equator. Built to a Damen design, it remains the largest
Shipping to EU: Brown fuels aren't green The European Commission's proposals to include shipping in the EU's emissions trading system (ETS) as from 2023 are now at the stage where the details of the regulation are being negotiated. Maritime
Why you should use synthetic lubricants for inland and coastal vessel operations SPONSORED CONTENT: Synthetic lubricants offer vessel operators a number of benefits, including enhanced equipment cleanliness, reduced component wear, extended oil drain intervals and a wide temperature operating range. Together, they can improve
RoadOne opens new transload facility in Houston RoadOne IntermodaLogistics announced the establishment of a highly secure 44,590 m² transload facility and a dedicated executive team, both located in Houston, Texas. RoadOne is a single-source intermodal, warehouse, and logistics services company. Its new facility is expected to provide a unique advantage to all of its clients who utilise overweight import and export services for their products.
BIMCO raises awareness for removal of single-use plastic bottles from ships Baltic and International Maritime Council (BIMCO) has launched a campaign to raise awareness and support the removal of single-use plastic bottles from ships. The company has partnered with Ocean Bottle on co-branded reusable bottles which symbolise the change needed within the shipping industry. Ocean Bottle creates products made partly from stainless steel and partly from recycled plastic found
AD Ports, Transmar announce new Pakistan service AD Ports Group and Transmar International Shipping Company have launched a new container shipping service that will link the port of Karachi in Pakistan with major maritime economies of the Middle East and East Africa. The new service will provide weekly connections for cargo linking Karachi with the region's major ports in UAE (Khalifa), Saudi Arabia (Dammam and Jeddah), Egypt (Sokhna and Adabiy
Second terminal planned in Port Said General Authority for the Suez Canal Economic Zone (SCZONE) and Suez Canal Container Terminal (SCCT) have unveiled their plans to design and operate a second terminal at Port Said East Port. The terminal will be installed between SCZONE and the existing SCCT area. The targeted additional volume after the expansion will reach 2 million TEUs, according to Steven Yoogalingam, CEO and managing direct
Japanese yard orders fall to six-year low as container freight slumps The weakening container freight market has affected the fortunes of Japanese shipbuilders, which saw orders fall to a six-year low in October. Figures released by Japan Ship Exporters Association show that in October, newbuilding orders plunged by 80% from September to 217,740 gt. Newbuilding orders have not reached such low levels since January 2017, when 168,100 gt was recorded. Poor weather an
Port of Long Beach opens first public charging stations for heavy-duty trucks in US Port of Long Beach (POLB) has opened the first public charging stations for heavy-duty trucks in the United States. Heavy-duty electric trucks servicing San Pedro Bay port terminals can now charge for free at the Californian port. The port has partnered with EV Connect to provide the stations at the Clean Truck Program Terminal Access Center, 1265 Harbor Ave., Long Beach 90813. "Southern Californ
Stonepeak and Spirit Super acquire Australian port US-based investing firm Stonepeak and Australian fund Spirit Super announced the signing of a definitive agreement to buy 100% of Australia's GeelongPort Pty Limited. GeelongPort is Victoria's second largest port located approximately 75 kilometers southwest of Melbourne within Victoria's largest regional city, Geelong. Under the terms of the agreement, Stonepeak, on behalf of its managed funds a
Maersk and Hope Hicks resolve sexual assault case Hope Hicks, a former midshipman on the Maersk Line, Limited (MLL) ship Alliance Fairfax, and MLL have resolved Hicks' litigation against the company filed in New York Supreme Court in June for sexual assault and harassment during her cadet Sea Year in 2019. MLL is a US vessel operator and a wholly-owned subsidiary of A.P. Moller - Maersk. Attorneys for Hicks and MLL have mutually agreed that neit
Hong Kong: How to build back trust The city has slipped down the maritime hub rankings. There's plenty of advice on offer to climb back in the second instalment of our brand new Hong Kong magazine. This is likely the most challenging time Hong Kong has faced in the last several decades, concedes Matthew McAfee, who heads up local shipowner Fairmont Shipping. ...
Environmental study calls for ammonia bunker fuel regulatory framework Ammonia spills while used as a shipping fuel could negatively impact certain habitats and species more than others, a new study calling for a regulatory framework for suitable mitigation measures has found. Ammonia produced with renewable energy is already projected as one of the possible main future fuels for shipping. However, its introduction creates new ...
Maersk scouts gaming society for fresh talent A.P. Moller - Maersk is looking to diversify its talent pool by hiring more gamers to help the company accelerate its digital transformation efforts. Angel Donchev, tech lead at the world's second-largest liner, recently attended an esports event in Copenhagen to promote Maersk's job openings to gaming enthusiasts. Donchev, who started his career in gaming, ...
Prysmian wins $153m cabling contract in Greece Italian cabling firm Prysmian has won a €150m ($153.5m) contract from Greek electricity grid operator IPTO to link the islands of Milos, Folegandros and Santorini. The contract should be finalised this year, following the customary approvals from the authorities involved. The deal is part of Phase D of the Cyclades' electrical interconnection that completes a ...
Adnoc Drilling expands further with $320m jackup trio UAE-based Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has further expanded its portfolio of offshore jackup rigs, having snapped up three brand new premium units for $320m. The acquisition is the fifth confirmed by the company in recent months, following deals for a total of six rigs ...
Qatar and China sign 27-year LNG deal One of the top liquefied natural gas (LNG) exporters QatarEnergy has penned a long-term agreement with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4m tons of liquefied gas annually over 27 years. The deal, estimated to be worth around over $60bn, will see first deliveries start in 2026 and is China's longest ...
Stonepeak teams with Spirit Super to take over Australia's GeelongPort New York-headquartered alternative investment firm Stonepeak and Australian industry super fund Spirit Super have struck a deal to acquire Victoria's second-largest port, GeelongPort, in a deal estimated to be worth around A$1.1bn ($732m). Under the terms of the deal, Stonepeak will hold 70% of GeelongPort while Spirit Super, which has A$25bn worth of funds under ...
Tankers in six-digit territory ahead of EU's Russian crude ban Tanker rates are surging into six-digit territory. How the sector's fortunes fare once new European Union bans kick in on Russian crude from December 5 has analysts divided. The many hurdles Russia will face to get its top export to market from next month face a new layer of inspection. Concerned at the potential for ...
Panamax prices under pressure Sales in the bulker segment are still pushing through, with many segments still performing well despite the slump in freight rates experienced in Q4. One segment appears to have hit a wall, however. Prices for traditional-sized panamax bulkers continue to fall, with the 14-year-old, Imbaribi-built, reportedly sold for $14m, some $5m less than a sister ...
KBR and Socar joint venture to work on BP's unmanned platform project off Azerbaijan A joint venture between US services giant KBR and Azerbaijan's state oil company Socar has been awarded an optimisation stage engineering services contract by BP for the delivery of an unmanned compression platform in Azerbaijan. The deal is for the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea, which is in ...
Shelf Drilling seals Angola jackup extension with Chevron Dubai-headquartered jackup rig operator Shelf Drilling has secured an extension on the 2007-built in direct continuation of its current contract offshore Angola. The rig is currently working for Chevron and the new deal will keep the Singapore-built unit busy at least until November 2023 as it includes an additional one-year option. Financial details have not ...
Aker Solutions and Aibel secure more work on Equinor's Johan Sverdrup Norwegian offshore energy service companies Aker Solutions and Aibel have secured maintenance and modification contract extensions from Equinor for the Johan Sverdrup field in the North Sea. The extension of the call-off is in accordance with an existing frame agreement that lasts until February 2026. Both companies estimated the new deals to be worth between ...
Drone sightings in Middle Eastern waters spark concern Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region. The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took place about 50 miles southwest of Muscat. The vessel and crew ...
Maersk settles sexual assault case with Hope Hicks Hope Hicks, a former midshipman on the Maersk Line, Limited (MLL) ship Alliance Fairfax, and MLL have resolved litigation against the company filed in New York Supreme Court in June for sexual assault and harassment during her cadet Sea Year in 2019, a high profile case that made headlines around the world. MLL is a ...
Bocimar orders 10 newcastlemaxes at Beihai Clarksons Research is reporting Belgian owner Bocimar has ordered ten 210,000 dwt newcastlemaxes at CSSC yard Qingdao Beihai Shipbuilding. The units are set to have ammonia ready notation. Delivery of the vessels is due across 2025 and 2026. VesselsValue lists the price of each unit at $64m. Beihai in northeast China has cornered the market ...
MOL and NYK move ahead with ammonia carrier plans Japan, Inc is pressing ahead with fixing its future ammonia supply chain. JERA, a joint venture between utilities TEPCO and Chubu Electric Power Company, has signed memorandums of understanding today with the nation's two largest shipping lines, Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), to cooperate in transporting ammonia for the Hekinan Thermal ...
Crew extinguish two fires on product tanker at Port of Alaska Crew on the , a Hong Kong-flagged MR2 product tanker, put out two fires, one on Friday evening, the other on Saturday morning, while the vessel was docked at the Port of Alaska in Anchorage. No injuries were reported, and the port was undamaged. The tanker, owned by US firm International Seaways, was delivering jet ...
Caution urged as shipping prepares for ammonia era Amid the increasingly bullish projections of increased use of ammonia as a marine fuel and cargo, there are those sounding...
Boxship sales plummet on limited liquidity Priced out of buying tonnage during the boom of 2021 and 2022, smaller owners of containerships are returning to the...
The week in newbuildings: Dry cargo orders increasing CMB confirms that it has doubled an existing order for ammonia-fuelled newcastlemax bulk carriers, while a Japanese owner has contracted...
Shipowners intensify lobbying as EU closes in on deal on emissions trading The European Commission is said to support the earmarking of the shipping revenues raised from the emissions trading scheme. European...
Top 10 shipmanagers 2022 Ahead of Lloyd's List's much anticipated 'One Hundred People 2022' - our annual ranking of the industry's most influential players to...
Container spot rates close in on 2019 levels The normalisation of freight rates is happening faster than most expected. A return to pre-pandemic rate levels is almost complete...
Hafnia expects product tanker outlook to remain strong Company says dislocation of trade will help with tonne miles. It is already witnessing increased flows from the Middle East...
The week in charts: IMO deceived | Ukraine's departures down over 60% | West coast ports imports at 10-year low Outbound sailings from Ukraine to international markets is 70% lower than last year, containership charter rates settle, and Russia appears...
Tanker rates move into overdrive as Russia looks to Asia Western sanctions on Russian crude oil exports are scheduled to take effect in December, with the sanction start date for...
Former FMC chairman Richard Lidinsky dies Wary of the anti-competitive nature of alliance, Mr Lidinsky voted against the formation of the P3. His legacy includes closer...
West coast dock talks resume as volumes shift eastwards Talks between the body that represents employers of the shipping industry on the Pacific coast, the Pacific Maritime Association, and...
Start-up platform ties up with shipping association in Singapore This support channel will broaden the engagement efforts of the PIER71 maritime innovation initiative by connecting start-ups with industry partners...
JERA teams with MOL and NYK to develop ammonia supply chain for power plant The study will include consider the construction of ammonia fuel carriers suitable for domestic thermal power plants and receiving stations
Daily Briefing IMO tricked into assigning numbers for fake shipowners | COP27 offered dialogue and promises but progress remains to be seen...
Cosco launches trailer platform to enhance logistics service Platform will manage the operations of trailers linking 87 major Chinese ports, covering almost all domestic markets and inland box...
South Korea plans $2 billion shipping fund to weather container market downturn The fund is one of several measures taken by South Korea's government to help the country's shipping sector weather the downturn in container trade.
Top unions split on tentative agreement with US rails Lawmakers in Washington will face pressure to bridge the divide between rail labor and management because any job action could snarl supply chains in the weeks leading up to end-of-year holidays.
Mobile's breakbulk dockworkers to strike Tuesday after talks halted The Port of Mobile's breakbulk dockworkers will go ahead with a strike against stevedoring firm CSA Equipment after a month-long cooling period failed to produce a new contract.
UP to lift demurrage caps at seven inland terminals Union Pacific Railroad will no longer cap storage fees at seven inland ramps beginning next week, citing declining import volumes on the West Coast that has restored more typical cargo flow.
Richard Lidinsky, ex-FMC chair and champion of shippers, dead at 76 Richard Lidinsky, a former chairman for the US Federal Maritime Commission, leaves a legacy of agency reform whose work echoes through the Ocean Shipping Reform Act of 2022.
BRS: 'Shadow fleet' large enough to accommodate Russian oil exports Moscow's main issue in exporting its oil will be finding buyers, French broker says
StealthGas cuts 11 charter deals as market picks up Charterers have begun looking for forward coverage
Stealthgas cuts several charter deals as market picks up Greek owner disclosed 11 charters as charterers began looking for forward coverage
Nigeria urged not to rush to judgement over Heroic Idun crew Bodies representing Indian crew members say their mental health is getting worse after months in detention
Bahri strikes tanker and MPP shipping deal with Saudi Aramco's Luberef Companies aim to boost shipments and storage operations worldwide
Transworld enters tanker arena with double LR1 buy for Navig8 pool Dubai owner better known for boxships and bulkers diversifies further
OS 35: Gibraltar bulk carrier wreck removal hinges on finding a recycling site Successful contractor will be required to handle both the dismantling and recycling of the grounded ship
Unctad's five actions for resilient, efficient and green supply chains Jan Hoffmann and Shamika Sirimanne reflect on the next steps as the Unctad Trade and Development Commission holds its 13th session in Geneva this week
Liner operators prepare blank sailing 'blitz' in run-up to Christmas MSC, Maersk and Zim void more services as lines schedule record numbers of cancellations
Aframaxes lead charge as rates soar before EU's Russian crude ban Potential for limited improvement after 5 December, with owners already adjusting to a new reality
Newbuild spend stable at $101bn but order numbers fall, Clarksons says Rising costs and preference for high-value vessels explains why owners' outlay has not dropped in 2022
Fish in warm waters most at risk from ammonia fuel spills, says report Ammonia spills have a smaller dispersion distance and lower persistence within the environment compared to heavy fuel oil and marine gas oil, joint study claims
Two seafarers injured in blast on Greek offshore support vessel Accident occurred on Asso Marine ship during equipment tests off France
Viking Line becomes biggest shareholder in compatriot owner Eckero for €10m Ropax group wanted to keep control of loss-making company in Finnish hands
American Club makes supplementary call on members Insurer tells members it wants to provide a firm financial footing for the years ahead
Hafnia hands out $140m to investors as it breaks profit record - again Product tanker owner could boost dividends further as profit soars
New Kuwait refinery to spur product tanker demand, SSY says UK shipbroker charts how increasing output will support earnings
Double fire extinguished on International Seaways tanker in Alaska Exhaust stack suffered blazes on Friday and Saturday, but no injuries reported
Peter G's return to shipping: 'I'm happy ... and I can't even tell you why' Georgiopoulos tells how his quest for the next big thing led him back to mainstream shipping
Jera teams with MOL and NYK Line to co-operate on large ammonia carrier design Larger ships are needed to enable the low-cost procurement of ammonia in the large volumes required for power generation
Sanctioned Russian shipbuilder USC reveals order for Caspian container ships Four feeder vessels will operate on the North-South corridor from Iran to St Petersburg
Maersk Tankers shrinks former Brostrom fleet with sales Stenersen and Oktan Energy linked to deals for handysize pair
Peter' Gs return to shipping: 'I'm happy...and I can't even tell you why'
Inchcape Shipping Services CEO Olsen makes sudden exit Move comes less than a year after company was acquired by London-based private equity firm
Green technologies clean up at Singapore's Smart Port Challenge GotSurge, GreenCOP and Seadronix emerge the winners in sixth round of maritime start-up initiative
Amazon air hub workers launch campaign to form union Amazon is expected to fight a new effort by workers at its air cargo hub in Northern Kentucky to form a union.
What do crazy $500,000-per-day rates say about shipping demand? Stratospheric LNG shipping rates offer a lesson on the do's and don'ts of measuring earnings momentum.
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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