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JUNE 8, 2023

Transindia Real Estate to optimise portfolio with the divestment of companies to Blackstone funds India to remain fastest-growing economy: World Bank E-commerce has emerged as major force in global economic output, trade APM Terminals Pipavav appoints Amit Bhardwaj as Chief Commercial Officer Vizag Multipurpose Terminal ties up with Axis Bank to achieve financial closure Kuehne+Nagel appoints David Roussiere as Managing Director for India, Sri Lanka & Maldives OOCL takes delivery of second 24,188 TEU vessel in a week Seafarer labour market tightest on record YOU ASK.. WE ANSWER... India's organic exports to the EU could face problems Revised fuel surcharge at Gangavaram Visakhapatnam Port makes amendments in SPM rates DGTR recommends duty on alloy from S. Korea

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JUNE 8, 2023

West African partner for Roll Group Elvis recommends opening up new markets L.I.T opens trailer yard for car manufacturer Financial incentives to promote modal shift Kalmar: another big order from New Zealand DHL promotes Niels Gaillard Iata's profitability outlook for 2023 Irish medtech now to be transported by rail K+N expands its perishables network More capacity to HND, NCE, SJJ and Middle East IRS named classification society of the year MOL Sunflower is born More Effi Shunter locomotives to run in Italy Lorenc Logistics chooses GLP Park Brno Holubice "Curiosity of the Day" Eimskip appoints Hjörvar Blær Guðmundsson From Thailand to Felixstowe Swissport to extend contract with ASL Airlines

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JUNE 7, 2023

Major ocean carriers set course for more-profitable routes Bullish Flexport will 'hit the ground running' as it integrates Shopify logistics Box lines - cold sweats as China trade risk heightens TSA urges US forwarders and shippers to prepare for new security rules Lower freight rates means lower prices for consumers, says new survey

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JUNE 7, 2023

Stockholm autonomous ferry service set for debut Plans to put an autonomous ferry into operation in the heart of Stockholm, Sweden, are moving right along. Back in November last year, Norwegian ferry operator Torghatten announced that it was planning Kongsberg Maritime develops next-gen container feeder design Classification society DNV has given its Approval in Principle to an innovative 2,000 TEU container feeder vessel design developed by Kongsberg Maritime. Called Cobalt Blue, the new design brings a range of Chouest orders a second Ulmatec SOV gangway system Hareid, Norway, headquartered Ulmatec Handling Systems has a secured a second contract to supply a motion compensated gangway and logistics support systems to Edison Chouest Offshore (ECO). The Ulmatec system has been

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JUNE 7, 2023

Chinese major box ports handle over 95 million TEUs in first months of 2023 Chinese container ports have handled 95.4 million TEUs in the first four months of the year, translating to a year-on-year increase of 4.8%. The ports in China have also reported over 5.2 billion tonnes of cargo between January and April of 2023, representing a rise of 7.6% compared with the same period last year. The data for the twelve major Chinese ports' cargo throughput and container through Ports play a major role in reducing shipping emissions, highlighting the limitations of slow-steaming The International Maritime Organisation (IMO) has long been committed to reducing the industry's carbon footprint, aiming for a minimum 50% reduction in GHG emissions by 2050 through stricter regulations and improved energy efficiency. However, recent discussions at the Green4Sea Forum in Athens have highlighted IMO's challenges in developing credible plans and policies. Suppose the IMO fails to Australia's first double stacked container vehicle trialled at Port of Brisbane Global logistics firm Qube Logistics successfully trialled its new Super B Double Double Stacked vehicle at the port of Brisbane in Australia, with the National Heavy Vehicle Regulator (NHVR), port of Brisbane Pty Ltd (PBPL) and the Australian Road Research Board (ARRB) in attendance. This is the first time a double-stacked container vehicle has been trialled on public roads in Australia. Port of Mawani, GACA, and ZATCA ink deal to enhance Saudi Arabia air-sea connectivity To improve air-sea logistics connectivity and guarantee a smooth flow of freight throughout Saudi Arabia, the Saudi Ports Authority (Mawani), General Authority of Civil Aviation (GACA), and Zakat, Tax and Customs Authority (ZATCA) signed a Memorandum of Understanding (MoU). By integrating freight operations at air and sea terminals, simulating cargo transportation scenarios to identify and addres APM Terminals extends concession of Danish container terminal APM Terminals signed an agreement with the Port of Kalundborg to extend the concession of the Kalundborg container terminal by 10 years to 2033. APM Terminals aims to increase its presence by assuming responsibility for all facility crane operations in the Danish terminal. Also, the company will introduce food and veterinary control as new customer services following investments made by the port. SeaLead partners with ICTSI Pakistan for new Pakistan-Australia direct service International Container Terminal Services, Inc. (ICTSI) subsidiary operating at the port of Karachi, Pakistan International Container Terminal Limited (PICT), has partnered with Singaporean shipping line SeaLead in order to establish a direct service between Pakistan and Australia. The newly launched service ASI will call regional ports across Malaysia, Australia and Pakistan. With the arrival of New vessel inspection analysis shows concerns about technical aspects A new in-depth examination of IMCA's (International Marine Contractors Association) industry vessel inspection programmes, eCMID (Common Marine Inspection Document) and eMISW (Common Marine Inspection Document for Small Workboats) revealed constant concerns about technical inspections, managed entry into confined spaces, cyber safety, and errors in life-saving appliances. The IMCA eCMID System An Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and Chilean Ministries of Energy sign green corridor agreement The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) and the Chilean Ministries of Energy signed a Memorandum of Understanding (MoU) in order to focus on the development of green corridors. Earlier, in the spring of 2022, the two parties announced the Chilean Green Corridors Network allowing for green maritime transportation of goods in and out of Chile. More specifically, the Electrification of Valenciaport docks gets under way The first electrification project of the Valencian precinct will be launched this June aiming to provide an electrical network that will supply energy to ships and boats moored at the docks of the port of Valencia. The announcement of the start of the project was made at the opening of the conference 'Electrification of Ports: Projects in Development', an event organised by the Port Authority of Trelleborg invests in new facility for marine solutions in Vietnam Trelleborg Group invests in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, infrastructure, and fenders. The manufacturing facility will be built in Ba Ria Vung Tau, near Ho Chi Minh City in Vietnam. It will meet future demands for both efficient production processes and sustainability, including solar panels, and effective water and wa Port of Tauranga orders new equipment to enhance container handling capabilities Port of Tauranga in New Zealand ordered four Kalmar hybrid straddle carriers, which are scheduled to be delivered during the fourth quarter of the year. In recent years, the port has invested significantly in equipment that will enable it to handle the largest container vessels visiting New Zealand. The Tauranga port equipment already includes a number of Kalmar straddle carriers, including three

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JUNE 7, 2023

CIMC SOE marks first containership order China's Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has secured its debut order in the containership sector. A subsidiary of CIMC Enric Holdings, best known for its gas shipbuilding capabilities, will build a pair of LNG dual-fuel feeder boxships for an unnamed overseas owner in a deal worth over $140m with options attached for ... Kongsberg reveals new feeder boxship design Norway's Kongsberg Maritime has unveiled its feeder boxship design with a range of innovative features. The new design, known as Cobalt Blue features an open-top deck, forward deckhouse, and a modular design which the vessel to transition through fuel types during its working life. The vessel has been designed in partnership with Deltamarin and has ... APM Terminals extends Kalundborg port terminal concession APM Terminals has extended the container terminal concession at the Danish Port of Kalundborg by ten years to 2033. A rapidly expanding alternative to the Port of Copenhagen is located next to the deepsea route in the Great Belt, linking the Baltic Sea and the North Sea. The terminals unit of A.P. Moller-Maersk began operations ... Siem Offshore scores AHTS contract Siem Offshore has entered into a medium-term contract for its anchor handling tug supply (AHTS) vessel . The 2009-built vessel, currently serving the North Sea market, has been fixed for six months. The contract has already started and includes options of up to additional six months. Charterer and dayrates have not been disclosed. The Cayman ... Seafarer labour market tightness at highest levels recorded Officer supply shortage has hit an all-time high and is unlikely to improve, resulting in manning cost inflation, according to the latest published by shipping consultants Drewry. Drewry said the 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, up from last year's 5% shortfall and the ... Australia bans second vessel in a week The Australian Maritime Safety Authority (AMSA) has banned a second vessel in a week following the 90-day ban issued to the Panama-flagged bulk carrier Babuza Wisdom. The Antigua Barbuda-flagged general cargo ship has also been slapped with a 90-day ban from Australian waters for being in an "unsafe and unseaworthy condition and an unacceptable risk ... 'Climate crisis is the greatest economic opportunity the world has ever known': John Kerry The organisers of Nor-Shipping pulled out all the stops yesterday to ensure a stellar cast of speakers at this year's most high-profile maritime gathering. The biennial event has been blessed with favourable weather, and a strong turnout with immigration at Oslo airport struggling to process the extra volume of visitors for this week's mega maritime ... Cargo ship runs aground off Japan A Japanese general cargo vessel Taisei Maru No. 21 ran aground off the coast of Kasaoka City at Kogochi Island tip in the Inner Japan Sea. The incident occurred on Wednesday around 01.00 hrs local time while the 1992-built 1,400 dwt vessel was on its way from Takasago in Hyogo to Kure in Hiroshima. No ... Transpacific box volumes pick up just as labour strife hits More containers are on the waters of the Pacific heading for the west coast of North America than at any time this year, just as labour strife makes their smooth arrival uncertain. Outbound transpacific cargo movements spiked to their highest level in six months in May, according to the Japan Maritime Centre, marking the first ... TGS reveals projects offshore Argentina and Brazil Seismic data provider TGS has announced new projects offshore Argentina and Brazil. The Oslo-listed company is expanding its multiclient 3D coverage in Malvinas Basin offshore Argentina with plans to acquire around 7,500 sq km 3D seismic survey. The survey is expected to start by early 2024 and upon completion, boost TGS' Malvinas 3D library to ... ONE's latest boxship features extra container bay The latest ship to join the fleet of Ocean Network Express (ONE) lives up to its name. The , on long-term charter from Shoei Kisen, is ONE's first megamax, with another five slated to deliver soon. What sets the ONE Innovation apart, however, as spotted by box shipping watchers at Alphaliner, is that unlike all ... NKT firms up East Anglia Three cabling deal Denmark's NKT has confirmed a deal for the production and installation of the export power cables for the East Anglia Three offshore wind farm project developed by ScottishPower Renewables. The contract worth over $267m comprises the design and manufacturing of the export cable system, approximately two 150 km offshore cables and two 40 km onshore ... Bid launched to take Exmar private Nicolas Saverys has launched a voluntary and conditional public takeover bid for all shares in Belgian gas shipowner and infrastructure provider Exmar. Saverys' investment vehicle Saverex is offering €12.10 in cash for each share it does not already own, and €2.48 per stock option, in each case reduced by €1 of gross dividend paid after ... Revolutionary multi-gas carrier design revealed More ships in the future are primed to carry multiple cargoes. At the Nor-Shipping trade fair yesterday, Lloyd's Register (LR) and the Liberian International Ship & Corporate Registry (LISCR) awarded design approval to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Hyundai Mipo Dockyard (HMD) for the development of the world's first 22,000 cu ... Avance Gas orders pair of LPG/ammonia carriers Avance Gas has entered into a newbuilding contract with CIMC in China for the construction of two mid-sized LPG/ammonia carriers with dual-fuel engines that can run on LPG as fuel in addition to compliant fuel oil. The ships will have a cargo capacity of 40,000 cu m and scheduled delivery is during the fourth quarter 2025 ... Redefining commercial models in shipping Peter Jameson and Laurids Schack from Boston Consulting Group on the imperative to incentivise and unlock decarbonisation at scale. Despite substantial research and innovative solutions addressing decarbonisation in the maritime sector, the pace of change remains inadequate. While technological and operational advancements show promising business cases, the unavoidable increased costs call for re

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JUNE 7, 2023

MOL adds another LNG-fuelled bulker to orderbook Deal has brought the number of LNG-fuel ships in MOL's fleet to 23, of which 17 are ocean-going vessels West coast disruptions extend as vessels suffer delays and cancellations Work slowdowns are impacting trucking and vessel arrivals and departures, while some rail shipments to terminals in the port of... First ESG Shipping Awards shows shipping 'fully committed to ESG reality' Neptune, Star Bulk, Danaos, Diana, Grimaldi, Latsco, Stem, Seanergy and Attica among shipping companies to win gold awards Drydocks World Dubai advances boxship repair and retrofit business 'The trend to extend the age of container vessels means they are staying in drydock for 30 days - instead... UK minimum wage law could catch shipowners unawares, WFW warns Companies whose vessels call in British ports 120 times a year or more face fines and exclusions unless they foot... Small shipowners must not be forgotten in zero-carbon race Initial findings from inaugural decarbonisation survey, jointly conducted by the Global Centre for Maritime Decarbonisation and the Boston Consulting Group... Biofouling impact still underestimated despite latest IMO advice Morten Sten Johansen from Jotun commented that a proactive approach to hull cleaning would not only cut emissions but also... Most charterparties 'no longer fit for purpose', says BIMCO Industry-specific charters are ignored by brokers in favour of Gencon and NYPE 46 standard documents. Grant Hunter says simply adding... Product tanker crew released after hostage ordeal in Libya After months in captivity, the seafarers are making their way back home, according to a Lloyd's List Intelligence incident report Green ammonia needs $200 carbon tax to be competitive Stakeholders in the ammonia supply chain agreed that a carbon tax of at least $250 was needed to kick-start investment... Saverys family unit launches formal bid to take Exmar private Two months after citing its intention to take over Belgian specialised offshore company in which it is majority holder, Saverex... The Lloyd's List Podcast: Beyond the good, the bad and the ugly It is day three of Nor-Shipping out in Oslo and the Lloyd's List team are finally penetrating the pre-prepared headline... MOL chairman outlines vision amid shipping's biggest challenges Amid unprecedented global uncertainties, MOL aims to protect earnings by reducing exposure to volatility and diversifying its businesses. The steadier... Bauxite trades remain strong even as Indonesia bans exports China has been the main buyer of bauxite for aluminium production, increasingly turning to Guinea in West Africa for supplies... Avance Gas pens first mid-sized gas carrier orders Avance Gas's latest order pushes the global newbuilding orderbook for LPG carriers up to around 75 vessels, equivalent to 21%... Mitsubishi and Synergy Marine invest in US ammonia fuel start-up Amogy Amogy plans to present its first commercial offering in 2024 LR approves Hyundai yards' multi-gas carrier design The new design will be capable of carrying liquefied carbon dioxide, liquid petroleum gas, ammonia and vinyl chloride monomer and... US lawmakers propose more sanctions on Iranian oil The Stop Harboring Iranian Petroleum Act seeks to punish entities and individuals that knowingly transport and store Iranian oil, including... Wallenius Wilhelmsen-Alfa Laval wind venture wins innovation award A joint venture between Alfa Laval and Wallenius Wilhelmsen has won the innovation award at Nor-Shipping for its wind-powered vessel... Shadow fleet 'immoral', 'disgraceful' and 'unacceptable' say Nor-Shipping panellists There is a dilemma in that the states that benefit from and enable the ghost fleet are also represented at... John Fredriksen fails in boardroom bid to stop International Seaways 'poison pill' International Seaways chief executive Lois Zabrocky and Alexandra Blakenship re-elected as directors at yesterday's annual general meeting despite Fredriksen's calls... Daily Briefing Fortescue founder's passionate plea to accelerate decarbonisation | John Kerry calls on IMO to set 2030 goals | Long-term demand... Greece seen stalling on new EU sanctions package on Russia that targets dark fleet ships Draft text of new sanctions reveals that EU states will ban ships deemed by member states to have engaged in...

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JUNE 7, 2023

Rate of US import declines to slow into third quarter: retailers The year-on-year gap in monthly import volumes will only narrow as shippers start to ramp up back-to-school and seasonal product ordering, says the National Retail Federation. Hamburg Sud hit with $10 million FMC judgment in shipper retaliation case The carrier was found to have willfully engaged in retaliation against a Florida-based retailer who had sought relief for $40,000 in detention fees. Seattle effectively shut, vessel backup builds in LA-LB amid ILWU job actions The latest labor-related port disruptions along the West Coast came as coastwide contract negotiations between the ILWU and the Pacific Maritime Association were scheduled to resume Wednesday. US truckload spot rates likely nearing bottom: analysts Trucking analysts believe the downward pressure on rates has ended - or is close to ending, but an upward surge isn't necessarily on the horizon, either. Latest ILWU job action further energizes West Coast cargo diversions Shippers diverting goods away from the West Coast typically like what they see: Ports up and down the East and Gulf coasts that have invested significantly to handle growth, are customer-focused, take fluidity seriously and have experienced virtually no labor disruption since the late 1970s. Stage set for IMO to provide strong direction on decarbonization path The International Maritime Organization has an opportunity next month to set more aggressive goals to slash carbon emissions, which could send a powerful signal to stakeholders needing direction, writes Journal of Commerce Executive Editor Mark Szakonyi. US importers still destocking, and delaying restocking in uncertain economy US consumers are still spending, but at a slower rate, and that's pushing major restocking of goods further toward the back half of 2023, analysts and retailers say.

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JUNE 7, 2023

Ammonia pipeline blast casts fresh doubt on Ukraine grain corridor Is explosion at the Togliatti-Odesa pipeline the last nail in the coffin of beleaguered Black Sea Grain Initiative? OceanPal executes 1-for-20 reverse stock split to keep Nasdaq listing This is company's second reverse stock split since its founding in late 2021 'Unsafe and unseaworthy' Briese MPP banned in Australia AMSA says German vessel will be barred from its waters for 90 days following safety check AD Ports teams with Crystal Offshore for new UAE ship repair venture Expanding Abu Dhabi shipping group puts 25-year deal in place for facility at Port of Khalifa 'Unsafe and unseaworthy' Briese MPP banned in Australia German vessel will be barred for 90 days after safety check 'I accuse you!': How a controversy over a tanker deal tore Ecuador's politics apart Board of government-controlled tanker company Flopec poised to take action on criticised pool agreement weeks after it featured in a political crisis between president and congress Strong tanker operations help Trafigura to $5.5bn profit as credit lines hit $75bn Trading giant says clients relying on it to provide resources in increasingly complex world Green Seas: At Nor-Shipping, carbon is everything everywhere all at once TradeWinds' Green Seas newsletter visits Norway for the biggest shipping event of the year to find one topic on the agenda Kyiv demands detention of Russia-flagged ships registered in its territory Ukraine says more than 130 vessels have been unlawfully registered in Crimea since Russia took control in 2014 John Fredriksen 'started smelling something' before Euronav takeover attempt Billionaire tycoon picked up the scent of changing market dynamics, Frontline chief executive Lars Barstad said Transpacific freight rates jump 30% as strike fears loom large Lines claw back revenues amid fears over impact of prolonged US labour dispute UAE tightens insurance demands to cut oil spill risks Government claims the move will increase scrutiny of shipowners - but it will have minimal effect on shadow fleets Klaveness' Engebret Dahm raises pressure on IMO at TradeWinds forum at Nor-Shipping EU carbon trading can succeed in encouraging investment in green fuels, said shipowners and experts, but all eyes are on the IMO to follow up now Titan snaps up Fratelli Cosulich's first LNG bunker vessel in long-term charter deal Newbuilding will give Dutch bunker supplier capacity for its growing LNG and liquefied bio-methane capabilities in Europe MOL's first female captain Naomi Matsushita takes helm of car carrier Junior high school visit to a ship inspired pioneer to choose seafaring as a career and "expand my own world" German shipowners beat bankers in charity match thriller Hamburg derby returned this year after three Covid-hit years Teco 2030 partners SuperBattery producer for hydrogen fuel cell project with Shell Norwegian and German firms team up to integrate peak power storage capacity in HyEkoTank retrofit project for chemical tanker Shipowners extol virtues of volatility as market lows get higher Shipowners across the spectrum say roller-coaster markets can be a good thing Greek shipowner triumphs in fierce bidding war for modern Chinese ultramax Equinox Maritime reportedly prevailed in online auction for CMB Financial Leasing ship, in which six buyers took part Dubai-based GEM shakes off LR1 tanker fleet to Turkish and Asian buyers Gulf emirates are cashing out from the biggest tankers held by their jointly owned shipowner Broker Gallagher cools on P&I 'Super Club' forecast Creation of P&I giant NorthStandard will not trigger copycat mergers, just yet Shipowners at Nor-Shipping extol virtues of volatility as market lows get higher Shipowners across the spectrum say roller-coaster markets can be a good thing Stena AB reveals $724m of new bond and loan deals as loss cut Swedish shipping giant extends maturity and boosts financial firepower 'Enjoy the ride': Shipping is about to get bumpy, says SSY research head Global research head expects disruption and volatility in freight markets Eastern Pacific Shipping adds LR2 tanker newbuildings to growing orderbook First LNG dual-fuel LR2 tanker newbuildings to be ordered this year Wilhelmsen to solidify $528m stake in Hyundai Glovis through share offer Norwegian group wants to create a 'liquidity event' for other shareholders in investment vehicle Treasure Saverys clan formally launches bid to take Exmar private Shareholders have one month to accept €367m buyout offer China's CIMC SOE makes container ship debut with feeder newbuildings Seaboard Marine is named as the buyer of the 1,450-teu newbuildings ZeroNorth teams with Sedna to mine and better harness maritime email data New partners plan to integrate their A1-driven platforms to help drive a greener trading value chain Cargo ship left high and dry after grounding on rocks off Japan Taisei Maru No. 21 well and truly stuck on tiny island Avance Gas moves into mid-size market with dual-fuel newbuilding order John Fredriksen company will take delivery of LPG/ammonia carriers in 2025 and 2026 UAE tightens insurance demands to cut risk of 'shadow fleet' oil spills Government claims the move will increase scrutiny of shipowners - but it will have minimal effect on shadow fleets Jailing masters harms fight against drugs trade, warns ICS The criminalisation of seafarers who raise the alarm about drug discoveries is counterproductive and unacceptable, says senior security official Synergy Marine latest firm to back US ammonia power start-up Growing number of maritime companies are getting behind Brooklyn-based alternative energy firm CoolCo to spend $50m retrofitting reliquefaction units on five LNG carriers Contractor HD Hyundai Global Service receiving enquiries from customers for additional reliquefaction unit retrofit work K Line looks to car carriers to fast-track business growth Japanese company says car transportation, along with LNG and dry bulk, will help it achieve its profit goals early Capesize bulker market posts second day of gains as Australia ships more ore to China Three major Australian iron ore miners hired seven capesizes total on Monday and Tuesday to ship the commodity

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JUNE 7, 2023

West Coast dockworkers making $200K demand higher pay Dockworkers who keep West Coast cargo flowing are highly paid. Their bid for even higher pay is starting to affect the cargo flow. Lufthansa handles some cargo for ITA Airways ahead of pending deal Lufthansa Cargo's planned investment in Italy's ITA Airways will allow the airlines to harmonize cargo operations.