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AUGUST 9, 2023

JNPA gets key permission for the construction of Vadhavan Port Gati appoints V. Rajesh Gowrinath as Senior Vice President - Sales to drive customer experience Air Cargo Association of Hyderabad holds grand Annual Ball 2023 Sanjay Kumar Agarwal is the new CBIC Chairman APSEZ's quarterly operating performance attains new highs in Q1 Reefer container freight rates outperforming dry cargo trade: Report OOCL receives fourth 24,188 TEU mega vessel Bangladesh notifies 4 transit routes for goods transportation to NE India ILWU Canada ratifies BC ports deal India's per capita income seen growing by 70 pc by 2030 Ukraine declares six Russian ports war risk area

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AUGUST 8, 2023

Panama Canal draught restrictions start to bite, sparking liner surcharges 'Green shoots' spotted as air cargo market bottoms-out XPO plays the get-out-of-jail card Cash-rich box ship owners check out new sectors for investment It's official: without extra parental support, Toll Group goes under RMG the star performer as Bangladesh exports show strong growth Kuehne + Nagel - 'least preferred' Importers claim Del Monte boxes given priority, while their fruit rotted The story of air freight, Goldilocks and three bears

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AUGUST 8, 2023

Houston bunker fuel contamination hits more ships Leading fuel testing services provider VPS reports that the bunker fuel contamination issue in Houston that it identified in July has spread. At that time, VPS informed its customers and the wider VIDEO: Hornblower wins new NYC Ferry operating contract The New York City Economic Development Corporation (NYCEDC) has announced the procurement of a new NYC Ferry operating contract with Hornblower Group. NYCEDC, which launched an RFP for an operator back in Tidewater's Quintin Kneen sees "compelling long term market backdrop" The world's largest operator of offshore service vessels, Houston-headquartered Tidewater Inc.(NYSE:TDW), yesterday reported its results for the three and six months ended June 30, 2023. Highlights included: What all this will mean

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AUGUST 8, 2023

Port Authority of Valencia proceeds with inland rail network construction at the Port of Sagunto The Port Authority of Valencia (APV) has put out to tender technical support for site management and health and safety coordination as part of the project for the construction of the inner rail network of the Port of Sagunto in Valencia. This action, in general terms, involves the supervision of the execution to ensure the human and material resources necessary for the correct execution of the co OOCL receives another 24,188 TEU mega container vessel Orient Overseas Container Line (OOCL) strengthens its vessel fleet by adding another 24,188 TEU container ship, named OOCL Felixstowe and built at the Dalian COSCO KHI Ship Engineering, (DACKS) shipyard. The new ship is the fourth eco-friendly 24,188 TEU vessel to be received by the COSCO-owned ocean carrier in a series of 12, and will be serving the Asia-Europe LL3 service with its three sister New cooperation between Greek and Israeli ports Greece's Thessaloniki Port Authority (ThPA) announced a new partnership with Ashdod Port Company, an Israeli government company that operates the largest port in Israel. Thanos Liagkos, executive chairman of the Board of Directors and managing director of ThPA, and Shaul Schneider, chairman of Ashdod Port Company, led by Eli Bar Yossef, acting CEO of Ashdod Port Company, Spyros Nikolaou, director Maersk's weak earnings expose integration strategy failure The drastic drop in AP Moller-Maersk's 2Q 2023 earnings shows that the Danish group's strategy of integrating shipping and logistics has flopped, while its passive fleet expansion has resulted in losing market share to its competitors, according to Linerlytica's latest report. Maersk's net profit in the second quarter of the year fell to US$1.5 billion, from US$8.6 billion in 2Q 2022. In addition Incessant rain halves box delivery at Chittagong port and depots An incessant rain caused waist-deep water logging in the port city of Chittagong in Bangladesh halving box and cargo supply from the port yard and inland container depots (ICDs) during the last couple of days. The rain put almost all main and sub roads under water halting the movement of small and medium vehicles, while water also entered into the offices and residential buildings disrupting day- Hapag-Lloyd, DB Schenker join forces to decarbonise supply chains Hapag-Lloyd and DB Schenker have entered into a decarbonisation partnership with the German logistics provider selecting Hapag-Lloyd's "Ship Green" sustainable transport solution. DB Schenker and Hapag-Lloyd have signed an agreement for emission-reduced container transports with waste- and residue-based biofuel. By the end of 2023, DB Schenker plans to claim approximately 3,000 metric tonnes of c Lawsuit filed to block new container terminal at Port NOLA A south Louisiana parish is suing the Port of New Orleans (Port NOLA) to block the construction of a planned US$1.8 billion container facility, according to the Associated Press . The St. Bernard Parish District Attorney's Office filed the lawsuit claiming that the Louisiana International Terminal at Violet would disrupt life and cause environmental damage. Port Nola chief executive officer, Bran ABP extends security contract with Mitie until 2025 Mitie and Associated British Ports (ABP) have agreed to extend their initial three-year contract for one additional year with Mitie continuing to provide security services to 17 ports across the United Kingdom until 2025. The contract extension will see Mitie continue to deliver manned guarding services across ABP sites, supporting the safety of passengers and cargo departing and arriving in the Port of Valencia begins electrification of its docks The Port Authority of Valencia (APV) has put out to tender the drafting and execution of the works for the electrical connection to ships for the Transversal Costa-MSC quay in the first electrification or Onshore Power Supply (OPS) project to be carried out by Valenciaport in the Valencian precinct. The port authority has begun the process of awarding the contract for the drafting and execution o DP World opens largest UK music and video distribution warehouse DP World will open the United Kingdom's largest distribution warehouse for physical music and video in August. The facility is located in Bicester, Oxfordshire, and is being launched in partnership with Utopia Distribution Services, who entered into a GB£100 million (US$128 million) deal with DP World to provide warehousing and logistics for physical music goods in the UK earlier this year. The 2 5 Ways to Save Money When Buying Building Materials for Your Home Building materials take up a significant chunk of a home construction budget. These materials have seen a sharp price rise due to inflation, shortage of raw materials, scarcity and increasing energy costs, supply chain disruptions, and environmental factors. Nonetheless, implementing the right strategies can help save money when buying building essentials without jeopardizing quality. This post o Net Feasa, Carrier Transicold pen global supply agreement Net Feasa, a provider of IoT (Internet of Things) wireless solutions, has signed a global supply agreement with Carrier Transicold, a global provider of connected cold chain solutions, to enable digital transformation for service partners via IoT On Vessel Networks for the intermodal shipping industry. Carrier Transicold will distribute Net Feasa's IoT On Vessel Networks to shipping clients globa

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AUGUST 8, 2023

Chellaram Shipping bumps up order tally at New Dayang Hong Kong-based bulker specialist Chellaram Shipping has added another ultramax to its orderbook in China. Multiple brokers are linking the Vishal Khurana-led outfit, also known as Chellship, to a 63,000 dwt newbuild booked at New Dayang Shipbuilding for delivery in 2026. No price has been disclosed, similar to the previous two 64,000 dwt ships the ... Eneti offloads non-core vessels for $70m Emanuele Lauro-led offshore wind vessels player Eneti has sold its three non-core smaller turbine installation jackups to undisclosed unaffiliated buyer for $70m. The Monaco-based owner and operator has offloaded the 2014-built Seajacks Hydra, and the 2009-built Seajacks Leviathan and Seajacks Kraken, obtained by taking over UK-based Seajacks in 2021. The GustoMSC-designed NG 2500X multi-purpose No India recruitment ban for Anglo-Eastern Hong Kong-based shipmanager Anglo-Eastern has resolved the issues regarding a potential ban on the company's recruitment placement and service licence (RPSL) in India. India's Directorate General of Shipping decided in June to suspend the manager's RPSL for three years on the back of a long-running case involving the death of a chief engineer on one ... Lawsuit against Port of New Orleans to block $1.8bn container terminal construction The St. Bernard Parish District Attorney's Office is suing the Port of New Orleans (Port NOLA) to block the construction of a proposed $1.8bn container terminal. The lawsuit was filed in the 34th Judicial District Court and claims that building the giant container terminal would disrupt life at Violet and cause environmental damage. According to ... Petrofac offshore workers back strike action Offshore workers employed by Petrofac have voted to strike in ongoing disputes over jobs, pay and conditions, the Unite trade union has confirmed. Around 80 workers on Ithaca Energy's FPF1 platform, Captain WPP, Captain floating production, storage and offloading (FPSO) vessel, Alba FSU and Alba North installations overwhelmingly backed the strike action. Unite said that ... Growing Panama Canal congestion a rates 'wildcard' Delays at the Panama Canal averaged about 15 to 19 days per vessel in the first week of August, with low water levels in the Gatun Lake restricting the numbers of fully-laden vessels able to make the transit. Effected by what it has described as an "unprecedented" drought, the Panama Canal Authority has shaved around ... Edison Chouest Offshore building mini-CTV for US wind sector Edison Chouest Offshore (ECO) has launched construction of the US offshore wind industry's first ever mini-crew transfer vessel (CTV). The offshore vessel operator, builder, and owner said the unit designed by UK-based Chartwell Marine is set to enter service in summer 2024 for Ørsted and its US-based joint venture partner, Eversource Energy. The mini-CTV or ... Shipping in the dark as Black Sea battle intensifies With Ukraine effectively opening up a new naval front with its enemy Russia by declaring six Russian ports as war-risk areas last Friday and then promptly attacking a Russian tanker, the situation in the Black Sea has gone from bad to worse with many international shipowners now avoiding the area. Even though Russia's invasion of ... Invenergy, energyRe propose 2.4GW offshore wind project in New Jersey Invenergy and energyRe have submitted an offshore wind project bid for Leading Light Wind, the only American-led project in the New York Bight. New Jersey's third competitive offshore wind solicitation represents a significant milestone toward achieving the state's ambitious goal of 11 gigawatts (GW) of offshore wind energy by 2040. New Jersey has set a ... DDW Offshore scores more work for AHTS pair Norway's DDW Offshore, a subsidiary of Akastor, has secured more work for its anchor handling tug supply (AHTS) fleet. The 2012-built Skandi Atlantic has been fixed to Petrofac for an additional four months in direct continuation of the existing contract announced in September last year. The new deal will keep the vessel supporting the disconnection ... Cetus Maritime and Yangzijiang Financial form handysize bulker venture Hong Kong bulker owner and operator Cetus Maritime has partnered with Singapore-listed Yangzijiang Financial to invest in the handysize sector. The duo will set up a new asset-owning joint venture with the aim of buying between four and eight eco-designed ships, which will be deployed in Cetus Maritime's commercial handysize pool. The joint venture established ... Greek owners fare poorly in annual corporate governance scorecard Greek owners Top Ships, StealthGas, Castor Maritime, Tsakos Energy Navigation, Euroseas, Safe Bulkers and Dynagas are the companies propping up the bottom of the charts in the latest annual ESG scorecard published by New York-based Webber Research & Advisory. Every year, the Michael Webber-led company looks at the environmental, social, and corporate governance data of ... Fifth Korean company linked with HMM takeover A fifth Korean company has emerged as a suitor in the takeover of HMM, the country's flagship carrier. State-backed creditors have given a deadline of August 21 for bids to be placed for HMM with a view to completing the privatisation of the line by the end of the year. Splash has already reported on ... Turkish grain port hit by massive explosion An explosion occurred in the Turkish port of Derince yesterday afternoon which caused great damage to grain silos located in the port. The explosion happened around 2:40 PM local time during a transfer of grain from a ship to the silos in port. According to the latest information available, the blast in the port injured ... Fuel contamination spreads to Singapore The fuel contamination incident in Houston Splash reported on a month ago has now spread to Singapore, the world's largest bunkering hub. Fuel checker VPS reported a VLSFO contamination case at the Texan port on July 11, the largest bunkering hub in the Americas. VPS detected the presence of dicyclopentadiene (DCPD) and associated isomers at ... Not all CO2 is the same Carbon capture and storage has been at the top of many news feeds in recent weeks but the challenges of transporting CO2 and the importance of high purity CO2 as a feedstock for e-fuels should also be a priority, says Rupert Hare, CEO of design and engineering consultancy, Houlder. The purity of CO2 is dictated ...

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AUGUST 8, 2023

All cargo removed from Grande Costa D'Avorio in Port Newark All vehicles and 134 containers have been removed from the Grande Costa D'Avorio. The Grimaldi vessel caught fire in the... Ship recycling falls to 15-year low The scrapping trade is in the doldrums as high freight rates keep clunkers in use, while other former beachgoers are... Cargill strengthens food chain sustainability with ZeroNorth contract The food giant is trying out ways to cut fuel consumption and emissions to find the most sustainable shipping options... Reefer rates cool but market remains resilient Containerised reefer volumes are expected to rise again this year. Freight rates have fallen from peak but remain far above... Raymond Chen returns to CULines' helm Chen's return is expected to alleviate some concerns about CULines' future as the Chinese line faces the dual challenge of... Should companies fess up to potential sanctions breaches? Companies who disclose potential violations willingly could have a far easier time in brushes with sanctions agencies. But they will... ITIC unveils surplus and member cashback Marine mutual books premium growth for fourth year running DB Schenker turns to Hapag-Lloyd for emissions reductions Hapag-Lloyd is using biofuel blends to cut emissions. DB Schenker plans to use this to claim approximately 3,000 metric tonnes... Fixed-premium P&I outfit Hydor acquires EF Marine Combined entity expected to book tens of millions of dollars in marine premium income MSC expands air freight operations MSC has already expanded into air freight. The latest move will help further expand its network MOL joins Global Centre for Maritime Decarbonisation as partner Japanese shipping group will contribute its internal knowledge and experiences to GCMD's projects, including providing access to its vessels, sharing... Yangzijiang Financial and Cetus Maritime joins forces in handysize acquisitions Companies expect the investment to enjoy medium-term benefits from tight vessel supply and improving demand for mini bulk Daily Briefing Tanker detentions surge in China's oil hub amid crackdown on ageing tonnage | War risk insurers unfazed by increased Black...

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AUGUST 8, 2023

Revamped Southeast chassis pool to charge 'penalty fee' to unregistered users Consolidated Chassis Management is asking cargo owners to encourage their trucking partners to sign up for the South Atlantic Chassis Pool (SACP) 3.0 before it launches in October. Robust Asia-Med demand continues to outpace North Europe growth Despite unfavorable comparisons with last year, volume between Asia and the Mediterranean has surpassed that recorded in pre-pandemic 2019. US trucking hiring slowing amid soft freight demand The US economy is improving, but the gains in recent months haven't translated into additional freight, nor an additional surge in trucking employment. DB Schenker signs up to Hapag-Lloyd 'book and claim' green service The German forwarder aims to make significant cuts in emissions for customers on the ocean leg of their container transport.

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AUGUST 8, 2023

DHT Holdings seals another profitable quarter off hot VLCC spot rates Company makes the case for strengthening market in year's second half, but spot fixtures this quarter are down so far Panama Canal booking slots reduced as wait times reach 20 days Canal is experiencing a backlog of 150 ships as draught restrictions limit daily crossings International Seaways said to be pouncing on LR1 newbuilding pair New York-based company reports first half earnings on Wednesday Eneti sells three NG 2500 units for $70m as focus turns fully to WTIVs At least one equity analyst thought company would do better with windfall from disposals EuroDry returns to loss as weak dry bulk market prevails But trade volumes of iron ore and coal increased from a year ago, chief executive Aristides Pittas says Hafnia confirms 'expensive' methanol MR tanker orders Order is joint venture with France's Socatra with long-term time charters secured with TotalEnergies Cargo taken from fire-stricken Grimaldi ship off New Jersey as probe continues US Coast Guard will provide updates on salvage operation and investigation findings New Fortress Energy expects first FLNG unit to go live next month But delays start to stretch out for initial floater and long-planned Brazilian FSRU which is now due onstream this year Oldendorff Carriers promotes Scott Bergeron to head of fleet management Bergeron will join the board of the German bulker owner-operator Castle Harbour grows fleet with purchase of German boxship brace London-based investment firm takes tally to 15 container ships Himalaya Shipping files debut results after vessel deliveries and New York IPO Newcastlemax owner now has an operational fleet Panama joins the International Chamber of Shipping Move strengthens established links between ICS and Panama MOL joins Singapore's Global Centre for Maritime Decarbonisation Shipowner signs up to five-year 'Impact Partnership agreement' Can burned-out car carrier Fremantle Highway be saved? Initial survey indicates the most severe damage is limited to the upper decks Suezmax tankers to take hit from Black Sea disruption BRS says Russian exports are unlikely to switch to Baltic ports owing to price cap restrictions Nigeria sets year-end deadline for shipowners to settle controversial back tax claims Tax official warns government will use 'international cooperation mechanisms' to go after those who fail to pay Yangzijiang Financial and Cetus Maritime team-up in handysize bulker asset play Companies say working together can extract the best value from the market in terms of asset deals, financing and operational efficiency. Poland's Gaz-System kick-starts plan for Gdansk FSRU Transmission operator talking on both newbuilding and existing units Core Power ramps up team as nuclear transport expert Scott Edwards signs on 30-year nuclear veteran joins start-up as director of regulatory development Houston VLSFO bunker contamination spreads to Singapore, says VPS Fourteen ships in total are said to have suffered some form of damage after receiving contaminated fuel Eastern Pacific bumps up orderbook with PCTC and suezmax tanker newbuildings The company has spent $534m ordering two crude tankers and four large car carriers Tidewater continues rates improvement in profitable quarter that misses analyst bets Houston-based operator saw slightly lower utilisation as it moved to reposition fleet for opportunities

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AUGUST 8, 2023

Bankrupt cargo airline Western Global owes millions to Delta, Lufthansa Freighter operator Western Global got in financial trouble when the overheated air cargo market cooled off last year and nearly shut down this summer before getting a financial lifeline from creditors and filing for bankruptcy. What the TEU tea leaves are telling us We are now in peak season and, as all logistics data has shown, it is not going to be stellar.