free news

web site

OCTOBER 9, 2023

ACE Northern India Air Cargo Conclave & Awards 2023 takes flight in New Delhi with captivating programme & record participation Historic call of first highly fuel efficient vessel ZIM Danube on maiden voyage at Hazira & Nhava Sheva Baltic Exchange Market Report (6 October 2023) India looking at expanding rupee-dirham trade: Goyal 'Swachchta Abhiyan' carried out at MbPA RBI retains GDP growth at 6.5 pc for FY 24 DGTR recommends anti-dumping duty on wheel loader from China Indian economy poised to achieve 9-10 pc growth: U. Kotak Genesis of Wreck Removal Railways to ramp up freight capacity Revised Scale of Rates at Haldia & Kolkata Hindustan Zinc partners with GreenLine for logistics operations Maximum permissible draught at Dighi Port VOC Port now has wider reach to FE destinations with newly introduced China-India Service VII at DBGT

free news

web site

OCTOBER 9, 2023

Freight remains a friend Gerber and Erkeskin: the latest winners in Brussels Up to twelve days faster Spain-France rail link Marshall Islands Registry mourns Captain Bruce A joint venture into Guyanese oil and gas Global liner performance report Cargo handling in Chicago, New York and Washington From Europe to Middle East in just nine days DSV Logistics expands to Mozambique Rhenus presents future of vessel control Public charging stations for HEVs in Sweden From Total Energies to KPI Ocean Connect Wiremind brings next-level AI to its cargo products Fnac and Ceva: tackling Europe's e-commerce together Crowley promotes Dennis White Timber hub rebranded Alternative to single-use wooden crates "Curiosity of the Day" Emirates: ten years of direct Milan-NY service

free news

web site

OCTOBER 6, 2023

More ocean rate gloom as analyst warns of further 'severe downturn' CMA CGM - the lurking predator Red tape sees smaller US shippers lose out on D&D disputes Parcel carriers act firm, but succumb to pressure for discounts EU ETS surcharge could be €37 for each container, says CMA CGM Andre Hein Gerber named Young Logistics Professional of the Year How a lung transplant led to the take-off of an electric cargo aircraft

free news

web site

OCTOBER 6, 2023

Response to grounded cargo vessel Bonnie G continues The Coast Guard today established a safety zone around the Bonnie G, the cargo vessel that grounded Wednesday just south of the airport in St. Thomas, U.S. Virgin Islands. All 12 persons VIDEO: Ingalls launches LHA 8 Huntington Ingalls Industries (NYSE: HII) reports that its Ingalls Shipbuilding division successfully launched of the Navy's third America-class amphibious assault ship Bougainville (LHA 8) from its floating dock into the Pascagoula River Seaspan in MoU on Panama Canal LNG bunkering Canada's Seaspan ULC has signed a memorandum of understanding (MoU) with Arlington, Va., headquartered AES Corporation (NYSE: AES) that centers on providing liquefied natural gas (LNG) bunkering services to ships transiting the

free news

web site

OCTOBER 6, 2023

CMA CGM announces new PSS to US East Coast and US Gulf CMA CGM has announced a new peak season surcharge (PSS) from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the US East Coast & US Gulf. The French ocean carrier will apply a US$200 surcharge for all container types, which will be effective from 1 November 2023 (gate-in date). The post appeared first on Container News . Consolidated Chassis Management rolls out SACP 3.0 Consolidated Chassis Management (CCM) has announced that the next generation of the South Atlantic Chassis Pool, SACP 3.0, is available. The new SACP 3.0 introduces a first-of-its-kind single utility provider chassis pool to the South Atlantic area, adding 45,000 new or refurbished chassis and delivering capacity, scalability, cost savings, and efficiency. "SACP represents the next generation of WinGD issues NOL for Chevron's Taro Ultra Advanced 40 for both VLSFO and LNG general use Chevron Marine Products' Taro Ultra Advanced 40 oil has successfully passed NOL (No Objection Letter) requirements by engine manufacturer WinGD. Moreover, this follows the earlier NOL award for Taro Ultra Advanced 40 from MAN Energy Solutions. This latest test validates the suitability of the oil for use in WinGD engines operating with liquid fuels containing sulphur in the range 0.00 The test al Port of Antwerp-Bruges orders new tugs The Port of Antwerp-Bruges will be equipped with six new tugs, one of which is an electric tug, a European first. This expansion is part of the port fleet renewal and greening, with a focus on sustainable and energy-efficient boats. The order includes five diesel-powered RSD tugs that will replace existing tugs and one electric tug, the RSD-E, which the Belgian port describes as a "game-changer". OOCL commences new intra-Asia service Orient Overseas Container Line Ltd. (OOCL) has introduced the new China Cambodia Thailand Service (CCT1 & CCT2) that is expected to strengthen its intra-Asia network. The two loops, CCT1 and CCT2, aim to enhance OOCL's coverage in the region and provide customers with competitive and reliable shipment options. CCT1 and CCT2 will connect several ports in Thailand, China, Vietnam and Cambodia. The Total volume at Port of New York and New Jersey drops in August After a busy July that saw the Port of New York and New Jersey achieve its highest total container volume since October 2022, August saw the port's activity fall to pre-pandemic levels. The port handled 662,740 TEUs (366,339 containers) in August compared to 843,191 TEUs (466,640 containers) in August 2022, a 21.4% decline, bringing its total volumes during 2023 to 5,128,563 TEUs (2,847,453 conta Maersk spots growth opportunities from India-Middle East-Europe corridor development Maersk is looking to add a new layer to its trade reach out of India as the India-Middle East-Europe Economic Corridor (IMEC), given shape at the G20 summit held in New Delhi last month, presents greater growth potential. The participants in the multimodal corridor - involving sea and rail networks - include Saudi Arabia, the European Union, India, the UAE, France, Italy, Germany and the United S Hapag-Lloyd applies new GRI from Asia Hapag-Lloyd announced a General Rate Increase (GRI) from Asia, excluding Japan, to the West Coast of Latin America, Mexico, the Caribbean and Central America. The new GRI will apply to cargo transported in 20' and 40' dry containers, including high cube equipment and 40' non-operative reefers and will be effective from 16 October until further notice. The German ocean carrier said it will increas Maersk and Kodiak Robotics launch commercial autonomous trucking lane in US Maersk and Kodiak Robotics have launched the first commercial autonomous trucking lane between Houston and Oklahoma City. The collaboration between the two companies began in November 2022 as part of Maersk's Global Innovation Center Program. Kodiak has been delivering eight loads per week, with a safety driver behind the wheel, for Maersk customers since August. Additionally, Kodiak and Maersk a Port of Antwerp-Bruges announces new intra-Belgium intermodal link Port of Antwerp-Bruges is now rail-connected to the La Louviere area in Belgium. From September, Duferco Logistique is operating a weekly rail link from its terminal Garocentre in Houdeng Goegies to MPET's maritime terminal in Antwerp. This trimodal terminal was additionally linked by a waterway. The new intermodal link began on 15 September, with a weekly frequency at first, gradually increasing Port of Rotterdam supports ZEMBA with financial incentives for greener fuels The Port of Rotterdam will give significant port fee reductions to ships that bunker sustainable fuels in Rotterdam, supporting the recently launched Zero Emissions Maritime Buyers Alliance (ZEMBA) and rewarding leaders on the road to marine decarbonisation. "It is vital that the shipping industry makes the switch to zero-emission fuels. The ZEMBA consortium has launched a fantastic initiative wi ShibataFenderTeam supports Dundee Port expansion project Forth Ports Dundee has undergone substantial renovations in recent times with the construction of a new quayside being the most significant. To support this expansion project, the ShibataFenderTeam's Dutch office worked in collaboration with Graham Construction to design and supply a customised solution. The solution involves 11 double Cone Fender Systems each consisting of two Cone Fenders (SPC Port Houston appoints new commissioner On 19 September, the Pasadena City Council chose Alan A. Robb as Port Commissioner of the Port of Houston Authority to serve on behalf of the city starting October 2023. Roy D. Mease, the current commissioner, will step down at the end of the month. Robb is currently the President of the AFL-CIO's ILA South Atlantic and Gulf Coast District. The district serves ILA members from North Carolina to F

free news

web site

OCTOBER 6, 2023

Russia lifts seaborne diesel export ban Russia's government said on Friday that it had allowed a return of seaborne diesel exports delivered to seaports via pipelines after a ban was put in place on September 21. Russia had temporarily banned exports of gasoil and diesel as domestic prices had been spiralling because refiners have been exporting to more profitable export markets, ... CMA CGM joins forces with Renault and Volvo to develop electric vans French liner CMA CGM will work with automotive firms Renault and Volvo to develop electric vans. Renault and Volvo have signed a binding agreement to launch a new company where they will initially hold respective 50:50 equity stakes, planning to invest EUR300m ($316.6m) each over the course of the next three years with CMA CGM ... Stolt Tankers IPO shelved In one of his first big moves since taking the reins at Stolt-Nielsen, CEO Udo Lange has decided to put a planned IPO of Stolt Tankers on hold. Lange, who took over from Niels Stolt-Nielsen last month, revealed the decision to shelve the listing of the world's largest operator of chemical tankers during an earnings ... Iberdrola terminates power purchase agreements for Park City Wind Iberdrola's US subsidiary, Avangrid, has terminated the power purchase agreements (PPA) that it signed for its Park City Wind offshore wind project. According to Avangrid, the conditions agreed to in the PPAs for the 1.2bn, 804 MW offshore wind farm planned off the coast of Connecticut do not guarantee economic viability. "After exploring all potential ... COSCO joins exclusive 3m teu club With its next boxship delivery, COSCO, the world's largest shipowner by dwt, will enter an elite club, becoming just the fourth liner in the world to operate a fleet of more than 3m slots. The state-run Chinese behemoth is less than 2,000 slots away from entering the 3m teu club according to data from Alphaliner. ... US sets date for Gulf of Mexico lease sale following court ruling The US Bureau of Ocean Energy Management (BOEM) announced on Thursday that it would hold an auction of oil and gas leases in the Gulf of Mexico on November 8 following a court order to expand the sale. In response to a ruling from the United States Court of Appeals for the Fifth Circuit, BOEM ... Frontline 'raising the stakes sharply' with move for 24 Euronav VLCCs This week's biggest shipping news - a deal to end the battle for tanker giant Euronav - has received favourable reviews from analysts. Yesterday, the Saverys family and John Fredriksen came clean with how they intend to end the two-year battle for control of Euronav whereby John Fredriksen-controlled Frontline could walk away - pursuant to ... Further strikes on the cards at Chevron's Australian LNG plants Workers at Chevron's two Australian LNG plants at Gorgon and Wheatstone have voted to go back on strike in a long-running battle for better pay. The two sites account for around 5% of all global LNG supply. The unions accused the US energy major of reneging on commitments made last month to bring a previous ... Turkish-flagged ship hits mine in Black Sea A small Turkish-flagged general cargo ship struck a mine yesterday in the Black Sea off the coast of Romania near the entrance to the Sulina Canal. The 31-year-old, 3,134 dwt sustained minor damage but the crew was safe. The ship was able to resume sailing after three hours. Security consultants Ambrey said the incident occurred ...

news on subscription

web site

OCTOBER 6, 2023

'No evidence' Black Sea explosion caused by mine, Turkish maritime authority insists Tweet from Denizcilik Genel Müdürlügü contradicts assumption in most initial media reports Mariupol joins Russia's grain export supply chain New evidence shows the Russian occupied port is starting to be used for international trade Finland optimistic for IMO compromise on economic measure Debate around IMO's economic measure to complement new climate targets continues, as talks begin between member states to determine potential... August sees slight uptick in box volumes Figures show a recovery in container liftings during August. But the traditional peak season has quickly withered, and volumes failed... This is about more than the future of Euronav Alexander Saverys' perspective for tanker shipping is built around a business model that is radically different to the one Fredriksen... Safe Bulkers inks contract for methanol dual-fuel kamsarmaxes First alternative fuel-burning ships bring US-listed owner's fleet renewal programme to 14 newbuilds Vintage containerships persevere despite market downturn Liner operators are continuing to trade ageing boxships long past their originally designed lifespan. While many will be consigned for... Russia resumes diesel exports after partial lifting of ban Ban has driven up global diesel prices and forced some buyers to seek alternatives South Korea's shipbuilding industry under renewed threat from North Korean cyber attacks Latest attack comes after North Korea revealed intentions to enhance its naval power and revitalise its shipbuilding capabilities CMA CGM releases ETS surcharge estimate Carriers are slowly informing customers of the charges they will face for shipments that call at European ports. CMA CGM's... Swiss Re to start-up: Kern defends cargo insurance career move Owners of small cargoes offered chance to buy cover online, with underwriting by artificial intelligence able to generate quotes within... 'Massive' overnight drone strike hits Ukraine's Danube ports Russia has relentlessly targeted Ukraine's Danube river ports since its withdrawal from the Black Sea Grain Initiative Ince Piraeus to sever all ties with Axiom Ince 'We still co-operate with the Dubai and Cyprus offices... but as far as London is concerned, nothing,' says partner Khan Daily Briefing Euronav suspends shares as Fredriksen eyes $2.35bn tanker carve out | UK exposes Russian Black Sea mining plans to block... JP Morgan orders methanol-powered tankers for TotalEnergies charter JP Morgan joins the ranks of several shipowners, including Hafnia, Stena Group, Clean Sea Transport and Westfal Larsen, by ordering... Signal Ocean launches data warehouse 'game changer' Solution addresses overwhelming volume of data now available to brokers and analysts

news on subscription

web site

OCTOBER 6, 2023

US surface transport navigates challenges of greener supply chain While no one knows the best solution to reduce greenhouse gases emitted by trucks and trains, several technologies are being tested to find the right answers. US warehouse boom continues with new Chicago, Dallas facilities Expansion moves by Lineage Logistics and Ryder System underscore continuing demand for warehousing and distribution space even in a period of low freight demand and slow economic growth. Solution to US rail demurrage question remains elusive The chairman of the Federal Maritime Commission wants to thread the needle to find a way to address rail demurrage within the confines of the US Shipping Act, but it's not an easy proposition. CMA CGM makes big investment in electric van JV with vehicle makers While light commercial vehicles are not typically used on a large scale by the ocean carrier, it has a significant landside presence where the electric vehicles could be used to lower emissions. IANA expo shone harsh light on recent rail failures: analyst The tone of the recent event was "very dark," writes analyst Ted Prince, who says the combination of a good economy but low volumes has created widespread confusion in the intermodal sector.

news on subscription

web site

OCTOBER 6, 2023

Dry bulk whips out the rocket emojis as capesize rates soar 11% in a day Atlantic and Pacific basis stay active throughout what was expected to be a quiet week Turkey disputes account of mine hitting ship in the Black Sea An explosion that rocked a general cargoship off the Danube was not caused by a mine, Ankara says JP Morgan's new LNG shipowning arm registers first duo under French flag Orion Global Transport France steps out of shadows as it celebrates first birthday Editor's selection: Euronav carve-up, Poseidon Principles gets tough and what do Michael Parker and Greta Thunberg have in common? Which individuals and companies have made our headlines this week? Could Frontline grab Euronav's youngest VLCCs in multibillion-dollar swoop? DNB analyst Jorgen Lian says price suggests Frontline will nab the youngest of the fleet Safe Bulkers breaks into dual-fuel methanol with firm kamsarmax orders US-listed owner steps up its bulker newbuilding campaign by booking its first dual-fuel vessels Torm sends LR2 tanker pair on Brazilian mission at firm term rates Danish owner arranges charters with Petrobras, while Advantage Tankers finds work with Shell Clarksons holds on to hopes for Stolt Tankers IPO after new management squashes efforts Analyst Frode Morkedal believes a spin-off could still happen next year Fractal crew in SOS migrant rescue as crossings surge Geneva-headquartered company said the product tanker Ellora was alerted by Greek authorities Crew and cattle safe after Vroon livestock carrier hit by fire Engine room blaze caused the Brahman Express to turn back to Australian port Could Frontline grab Euronav's youngest VLCCs in multi-billion dollar ship swoop? DNB analyst Jorgen Lian said price suggests Frontline will nab the youngest of the fleet Hanwha unveils its Q-Max-style LNG carrier as it wins DNV AiP First of South Korean shipbuilders breaks cover with a 270,000-cbm design Tankerska Plovidba ups stake in expanding bulker compatriot Atlantska Tanker and bulker company now has 7.89% stake MPC Containers reportedly selling feeder vessel as fleet renewal continues Greece's Contships Management linked to acquisition of 14-year-old vessel Clarksons downs Euronav as Frontline set to rocket up VLCC charts John Fredriksen may not get to create world's biggest crude tanker company, but would control second-largest VLCC fleet if deal goes through Italy seeks trial over Eni fraud allegations involving rejected Iraqi suezmax cargo Former employees and others accused of trying to defraud oil company over origins of barrels Russia's diesel exports back on after temporary ban Exports set to resume after restrictions imposed for more than two weeks to limit domestic price hikes Vitol raises $2.15bn by selling US oil producer Vencer Trader and shipowner sells upstream outfit to Civitas Resources Ship waiting to enter Danube damaged after hitting old mine Incident is unrelated to Ukraine's revived grain corridor or to claims about Russian threats to disrupt it Probe into client fund misuse is final nail in coffin for 'scandal hit' Axiom Ince Firm reportedly ready to file for administration amid findings into misuse of $77m Core Power and partners reach key milestone in test for new nuclear reactor UK start-up says US partners begin pumped-salt operations for revolutionary new design Small clean tankers in demand as solid earnings and brisk sales keep values high Good rates and low orderbook bode well for the smallest ships in the tanker sector MOL teams up with EDF in offshore wind and green hydrogen Japanese shipowner continues to gain expertise by teaming up with sector experts Onboard CCTV: Big Brother or state-of-the-art safety in ship management? Latest system lets everyone keep a close eye on onboard operations

news on subscription

web site

OCTOBER 6, 2023

Another maritime strike brewing On Friday, Unite the Union announced it registered a dispute over the increased medical standards on maritime pilots in the U.K. Flexport cutting workforce by about 950 employees International freight forwarder Flexport is undertaking a second round of mass layoffs this year. Qantas says freight backlog in Australia could last 2 more weeks Qantas Freight is still scrambling to recover from an IT meltdown that has gummed up its air cargo network.