Asyad Group introduces a competitive direct LCL solution from India
GTI (APM Terminals Mumbai) resumes operation on second berth
IMEC proposes enhanced connectivity and economic integration between Asia, the Arabian Gulf & Europe
Marginal rise seen in global dry bulk cargo volume
FFFAI delegation welcomes new CBIC Chairman
MOL Chairman Junichiro Ikeda appointed Honorary Consul of the Republic of Mauritius in Tokyo
Bahri concludes successful participation in Sustainable Maritime Industry Conference 2023; highlights major achievements & remarkable progress on the commitment to decarbonising its fleet
Import duty on US fresh/ processed food slashed
COSCO SHIPPING facilitating southern hemisphere's largest wind power project
ZIM's operational collaboration with MSC on multiple trades
CMA CGM to enhance SIRIUS service with a direct call to Rio de Janeiro
Chinese curb on urea exports raises concern
Rice exports seen dipping significantly
India's GDP should grow 8-9 pc for 20 years to become a developed nation: Deloitte
Temporary suspension of auctioned slots at Panama Canal
USCG issues interim rule on duck boat safety The Coast Guard has issued an interim rule as the first step toward implementing statutorily mandated requirements for duck boats - DUKW amphibious passenger vessels. This statutory mandate was enacted after the
BOEM completes Empire Wind environmental review The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Equinor and BP's proposed Empire Wind offshore wind project, which BOEM estimates could power more than 700,000 homes with
U.K. consortium to build world's first eSOV A consortium led by Bibby Marine is to receive U.K. government matching funding for the construction of what, they say, will be the world's first zero-emission electric service operation vessel (eSOV). With
Taking an CNC Automated Aerospace Approach In the dynamic realm of aerospace manufacturing, precision and efficiency reign supreme. Imagine a production process streamlined by cutting-edge automation, where every intricate component is crafted flawlessly. Unlocking this potential is Thomas Micheal, a luminary in CNC aerospace machining. Delving into the transformative power of automation in aerospace manufacturing, and exploring how Thoma
Container lines consolidate service networks out of South India as trade expands Container lines are rapidly expanding connections out of South India to keep pace with growing trade volumes. But the concentration of calls at private box terminals operated by Adani Group, which act as alternatives to Chennai Port, is becoming increasingly evident. HMM has cemented its network with direct sailings out of Adani Kattupalli Port (AKPPL). Its FIM [Far East Asia-India-Mediterranean]
Greencarrier Consolidators appoints new CEO Greencarrier Consolidators, a privately owned company offering global transport and logistics solutions, announced the appointment of Kenneth Reese as CEO, beginning 1 July 2023, as a key step forward in its expansion plan. Kenneth Reese has valuable knowledge and in-depth insights from the consolidation and shipping industries, gained from over two decades of LCL management and responsibility fo
Saigon Newport Corporation, Vietnam-Singapore Industrial Park sign collaboration deal Saigon Newport Corporation (SNP) a Vietnam-based port operator and the Vietnam-Singapore Industrial Park Joint Venture Company Limited (VSIP) an enterprise in the development of industrial Parks, townships, and integrated services, signed a Memorandum of Understanding (MoU) on strategic cooperation in the field of logistics on 9 September 2023, in Can Tho City, as part of the launching ceremony o
Drewry's WCI continues downward trend Drewry's composite World Container Index (WCI) decreased by 3.4% to US$1,680.73 per 40ft container this week, 84% below the peak of US$10,377 reached in September 2021. The latest Drewry WCI composite index is 37% lower than the 10-year average of US$2,681, indicating a return to more normal prices, but remains 18% higher than average 2019 (pre-pandemic) rates of US$1,420. The average composite i
7 Key Features To Look For In A Shipping Container In logistics and supply chain management, shipping containers are invaluable. As the backbone of international trade, they ensure goods are transported securely across vast distances by sea, rail, or road. Beyond logistics, these versatile steel boxes have utility in storage and even modular housing. As their popularity grows across various industries, the quest for high-quality and durable conta
MOL and Shell pen cooperation agreement Mitsui O.S.K. Lines (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte., have signed a Memorandum of Understanding (MoU) for a joint focus on alternative maritime solutions and to collaborate on managing carbon emissions liabilities holistically. In particular, MOL group has positioned its environmental strategy as one of the key strategies in its "BLUE AC
Install OS from ISO Images Learn How To Start The Process For An Installation Of Windows Operating Systems with Metal
Diana Shipping fixes out bulker pair Greek bulker owner Diana Shipping has entered into time charter contracts for two of its dry bulk vessels. The 208,021-dwt 2017-built dry bulker Newport News was hired by NYK on a gross charter rate of $20,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 10, ...
Bibby Marine-led consortium seals UK funds for electric SOV Bibby Marine and consortium partners have been awarded over £20m ($25m) in funding from the UK Government's Zero Emission Vessel Infrastructure (ZEVI) competition for the construction of the world's first zero-emission electric service operation vessel (eSOV). The consortium, which also includes the Port of Aberdeen, Offshore Renewable Energy (ORE) Catapult, Kongsberg, DNV, Shell and Liverpool ...
Valaris rakes in $65m worth of new deals New York-listed offshore driller Valaris has won new contracts and contract extensions for its rigs worth approximately $65m. Valaris said that the addition to the contract backlog excluded lump sum payments such as mobilization fees and capital reimbursements. The driller won a one-well contract with BP offshore Brazil for the Valaris DS-15 drillship. The contract ...
Siem Offshore AHTS awarded more work in Taiwanese wind sector Norwegian offshore vessel player Siem Offshore has secured a contract extension for the 2010-built anchor handling tug supply (AHTS) vessel in Taiwan The 4,250 dwt vessel was in March fixed by Helix Energy Solutions' marine contracting business unit Helix Robotics Solutions for a firm period reaching into the fourth quarter of 2023. The new deal ...
Grieg Maritime exercises options for two more open hatch bulkers Norway's Grieg Maritime Group has signed an order for two open hatch vessels at Huangpu Wenchong Longxue taking its newbuild tally at the yard to four. The Matt Duke-led company has exercised an option for two more ammonia-ready 82,300 dwt units after placing firm orders for two vessels at the CSSC-affiliated yard in May. No ...
Stolt Tankers reducing emissions using behavioural change project Behavioural change startup Signol has launched a first-of-its-kind project with Stolt Tankers to further reduce shipping emissions by using Internet of Things (IoT) type data. The six-month pilot project will run on seven vessels and help seafarers understand the impact of their actions on overall fuel consumption and CO2 emissions and motivate them to adopt ...
Ukraine claims control of offshore drilling rigs near Crimea Ukrainian forces have regained control of oil and gas drilling rigs off the coast of Crimea, the country's Defense Intelligence said Monday. In a statement on the Telegram messaging app, Kyiv authorities said the drilling rigs known as the Boyko Towers were recaptured. Russia occupied the rigs in 2015 soon after it annexed the Crimean ...
Maersk sells down in Höegh Autoliners A.P. Moller - Maersk has further reduced its stake in Norwegian car carrier player Höegh Autoliners by selling shares for about $115m. The Danish shipping and logistics group has offloaded around 16.9m shares, corresponding to around 8.86% of Höegh Autoliners, at a price of NOK73 per share, or a total of NOK1.23bn. The news on ...
Rosetti Marino scores $161m in new contracts Italian fabricator and shipyard Rosetti Marino has won two new contracts worth a total of more than €150m ($161m). The first deal was secured from French shipbuilder Chantiers de l'Atlantique for the construction of a substation jacket for RWE's Nordseecluster offshore wind project in Germany. The work scope is expected to begin shortly with deliveries ...
COSCO Shipping Heavy Industry, Silverstream enter air lubrication pact Maritime clean technology firm Silverstream Technologies has signed a memorandum of understanding (MoU) to install its air lubrication system in COSCO Shipping Heavy Industry (CHI) shipyards. This will enable Silverstream to investigate additional options for the fabrication and supply of components of the system in China and the Asia-Pacific region and it directly supports the ...
Exmar LPG seals deal for gas carrier quartet Exmar LPG, a joint venture between Belgium's Exmar and Seapeak, formerly Teekay LNG Partners, has struck a deal for a quartet of midsize carrier newbuilds. The Brussels-listed Exmar said in its first-half earnings report that the JV had recently completed a long-term charter for four 40,000 cu m newbuild dual-fuel LPG units. The deal for ...
IMO praised for leapfrogging others with new green targets Long castigated for its slowness to adopt green targets, the shipping body of the United Nations (UN) today has received some glowing praise for suddenly leapfrogging most regulatory and industry bodies in stipulating a pathway for shipping's decarbonisation. Highly respected British shipping emissions consultancy UMAS has delivered an updated verdict on arguably this year's single ...
Global carriers stalk loss-making intra-Asia operators Operators in the heavily fragmented intra-Asia trades are coming under severe financial duress and could become the targets of takeovers by global liners, according to a new report from Danish container experts Sea-Intelligence. Intra-Asia rates did not enjoy the extraordinary leap experienced on the deepsea trades during the pandemic and recently some intra-Asian routes have ...
MOL invests in floating offshore wind tech start-up Japanese shipowner Mitsui OSK Lines (MOL) has invested in a floating wind technology start-up, TouchWind. The tilting-angled one-piece rotor wind turbine being developed by TouchWind is expected to reduce wind interference between wind turbines that tends to occur in large wind farms and improve overall wind farm power generation efficiency. In addition, its design enables ...
Three-week strike begins at Chevron's LNG facilities in Australia Around 500 workers on Chevron's Gorgon and Wheatstone LNG offshore facilities in Western Australia started strike action on Friday. Work stoppages started at 1 PM local time, lasting up to 11 hours each day, as well as bans on some types of work, after union negotiations over pay and working conditions stalled. The strike was ...
McDermott seals debt restructuring deal Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key creditors to extend repayment deadlines on its letter of credit facility and term loans to 2027. ...
Berlin's port funding branded a 'joke' Germany's seaports are losing business to rivals in the Netherlands and Belgium and are calling on the federal government for urgent support to stem the losses. Frank Dreeke and Michael Blach, who head up Bremen's BLG Logistics Group, which holds a stake in Eurogate, operators of a terminal in Hamburg, were interviewed by Welt Am ...
EIT InnoEnergy raises over $150m in private placement round EIT InnoEnergy, an innovation engine in sustainable energy, has completed its private placement round and raised over €140m ($150m) of equity. Investors in this round are new strategic players such as Societe Generale, Santander CIB, Pulse - CMA CGM Energy Fund, Renault Group, Stena Recycling, and NIIT. Existing shareholders like Siemens Financial Services, Schneider Electric, ...
Shell and Eneco JV selects Van Oord for Dutch wind farm work Ecowende, a joint venture of Shell and Eneco, has selected Van Oord for the construction of an offshore wind farm in the Hollandse Kust West zone in the Dutch North Sea. Under a contract set to be signed later this year, Van Oord will transport and install the foundations and wind turbines, as well as ...
Procopiou signs for more bulk carriers in China Greek owner George Procopiou has added four more newbuilds to his growing orderbook in China. Procopiou's dry bulk unit, Sea Traders, has put pen to paper on an order for a quartet of scrubber-fitted kamsarmaxes worth around $135m at Qingdao Yangfan Shipbuilding for delivery in 2026. The Procopiou family, which also controls Dynacom Tankers Management ...
US and EU back new transport corridor linking India with Europe One of the key outcomes from the weekend's G20 summit in New Delhi was the signing of a memorandum of understanding to create the India - Middle East - Europe Economic Corridor (IMEC). Signatories to this continents-linking transport infrastructure include the US, the EU, India, Saudi Arabi and the UAE. The IMEC, seen as a ...
Russia designates ITF an 'undesirable organisation' The Office of the Russian Federation Prosecutor General has declared the International Transport Workers' Federation (ITF) an "undesirable organisation" on grounds that the ITF's activities "pose a threat to the constitutional order of the Russian Federation". The trade union has refuted the rationale upon which the prosecutor's office appears to have made its decision to ...
Green transition to reshape bulker and tanker trades- ABS ABS' latest sustainability outlook forecast changes to trade flows and joined other class societies in pushing for onboard carbon capture...
Russian missiles targeted civilian cargo ship last month: UK government Attack is said to be part of a broader pattern of Moscow's aggression against civilian vessels and facilities since withdrawing...
Industry neglects social and governance aspects of ESG to focus on environmental goals 'Forward looking and proactive' companies have renamed and refocused 'sustainability' reports to encompass all pillars of ESG, forum hears
Green corridors nearing make-or-break moment, GMF argues There were around 30 green corridor project announcements since the Clydebank Declaration was signed in November 2021, although most of...
Life returns to ship recycling markets Four more boxships have been committed for recycling while the first capesize bulk carrier to be sold for scrap since...
Sanctions are 'designed' to complicate, says geopolitical risk adviser Sanctions will continue, so will the struggle to comply with convoluted regulations
Arbitration Act review recommending only 'tweaks and clarifications', says Law Commission 'If it ain't broke don't fix it' is right attitude to existing legislation, panel discussion hears
Report spells out value of UK shipping Shipping is a sometimes forgotten but vitally important part of the UK economy. A new report seeks to shine a...
US, India, Middle East and Europe commit to developing railway and ports during G20 Countries use summit to reveal plans for a first-of-its kind India-Middle East-Europe economic corridor
Varvitsiotis stands down in wake of ferry passenger death Christos Stylianidis given the reins of Greece's ministry of Shipping and Island Policy
The week in charts: Shadowy 'stolen' grain from Azov ramps up | Rise of the battery-powered merchant ship | Greek owners active in secondhand market again in 2023 Trade in grain from Russia-occupied Mariupol and Berdiansk has risen in recent months our investigation reveals, and lithium-ion battery installations...
Ports call for policy support to boost trade Ports are critical for the UK to reach its international markets. But the British Ports Association says the government could...
The week in newbuildings: Orders valued at $2.2bn confirmed Chinese shipbuilders continue to pick up the majority of newbuilding contracts with 75% of orders placed in the past week...
US container demand growth set to remain sluggish Back-to-school spending is likely to be up, but the longer-term trend remains weak. Demand growth could remain below historic trends...
Retailer optimism to boost US imports A projected rise in US import volumes suggests retailers are optimistic about the holiday season, while the Federal Reserve's interest...
China's Offshore Oil Engineering to adopt rotor sails on crane vessel Producer Dealfeng says the wind-assisted propulsion device can reduce 5% to 25% of fuel oil consumption per year
MOL invests in Dutch wind turbine start-up TouchWind MOL aims to take a leading position in next-generation floating offshore wind turbines
Shipping needs to bring forward climate targets to align with new IMO strategy, Umas report says Umas suggests the shipping industry and respective countries must bring forward climate goals, as its new report argues that IMO's...
Hyundai Heavy Industries averts strikes with early wage settlement With settlements now completed across the big three South Korean shipbuilders, newbuilding deliveries can pick up pace after concerns about...
Stock Exchange rings in LISW 2023 London International Shipping Week 2023 kicked off by ringing in Monday's trading. Attendees were told public equity will have a...
Daily Briefing Shadowy trade in 'stolen' grain from Russia-occupied Azov ramps up | Capital Group sees very large ammonia carriers as latest...
C.H. Robinson opens new Laredo facility amid boom in US-Mexico freight Steady gains in US-Mexico cross-border truck freight have spurred the logistics provider to open a 400,000-square-foot cross-dock warehouse in Laredo, a US border entry point already bursting with freight.
US cold storage supply struggling with costs, aging facilities amid high demand Investors aren't lining up to sink money into aging facilities, given that warehouses built in the last 20 to 40 years require nearly 50% more energy consumption and double the maintenance costs than newbuilds.
SSA aims for US Gulf, Southeast port growth as Ceres deal closes: CEO The head of terminal operator SSA Marine says ports along the US Gulf and Southeast have a strong cost advantage over the West Coast that is fueling their growth, with that gap only expected to widen.
Midsize bulker market reaches four-month high as grain flows from South America and US Gulf Coast Capesize bulker sector has not done as well as its average spot rates fall 51% in same period
Okeanis Eco Tankers scores $84m loan from French bank Olso-listed shipowner works to 'optimise' capital structure with refinancing deal at better terms
Pilot ESG index launched with call to shipowners to upload data New tool will give shipowners a 0 to 100 rating on their reporting
Diana breaks two-week drought in year-long bulker charters with pair of deals Baltic Exchange last reported lasting more than a year on 24 August
As sustainability takes centre stage in London, new fuel questions still linger Shipowners are still exploring alternatives to traditional maritime fuels while being pushed to optimise operations
Insurers lament as 'smart' sanctions fracture world trade LISW event told the dark fleet will be around for some time to come as governments use shipping services for political ends
Shipping might be sailing into a hurricane, says Martin Stopford Veteran shipping analyst believes it could get choppy for owners who are unprepared
Singapore's Consort Bunkers leads team to develop ammonia-run tanker Participants aim to pool their respective expertise to develop solution to help decarbonise bunker industry
Nuclear start-up Core Power adds US heavyweights to advisory board Mikal Boe-led green power company brings in admirals, a lawyer and a civil servant
Tanker stocks take a hit, but Saudi cuts not set in stone for 2023, analysts say Crude carrier company shares dip after exporting group extends production reductions
GoodBulk 2.0 will target public markets once again, says John Michael Radziwill Capesize specialist harbours ambitions for a very public comeback within dry bulk
Greek shipping minister resigns amid ferry passenger death scandal Fallout continues for the country's coastal shipping elite following the drowning of a passenger in Piraeus last week
Confidence abound at Golden Energy Offshore despite red ink on bottom line Norwegian offshore player believes its expanded fleet will earn top dollar
Atlantska Plovidba turns a profit on 15-year-old bulker bought five years ago Value of 2008-built panamax holds up for Croatian owner
Email overload: How Sedna is 'wrestling the beast' to help shipping harness the power of its inbox London-based tech firm keeps focus on maritime as it aims to use new firepower to make the platform easier, tell its story and maybe look to acquisitions
UK shipping demands $2bn-a-year to become decarbonisation leader Maritime UK says current government investment falls far short of sum needed by industry
'Exceptional' VLGC market surges to all-time high from the Middle East US exports and Panama Canal delays will see earnings go even higher this year
Havila Kystruten raising another NOK 60m after hashing out sanctions mess Norwegian owner announced the offering alongside a July deal to replace prior financing
Maran Gas Maritime steps up for LNG carrier methane abatement pilot Greek shipping giant to trial Daphne Technology system on Shell-chartered vessel
UK's Marine Capital said to be hiving off its entire fleet of bulk carriers London-based investment manager hinted last year it would be pivoting towards wind farm services
Two tugs damaged in rescue of NYK car carrier in Australian storm The Kariyushi Leader lost steering off the coast of Victoria
Yangzijiang emerges as TEN's shipyard of choice for product tanker duo The Chinese shipbuilding powerhouse has inked 22 MR tankers in the past 10 months
Scorpio's Bugbee can't resist sharing his Euronav-Frontline merger joke Tanker executive rounds off Fearnley Securities webinar with quip about synergies
Scorpio's Robert Bugbee 'hasn't even started to think about starting to think about' new tanker orders Tanker shipowner's president says newbuildings are way down the line for such a young fleet
MOL buys into Dutch floating offshore wind start-up TouchWind Japanese giant continues its push into renewable energy
Ukraine, Russia pour cold water on UN efforts to revive grain deal Kyiv seems increasingly focused on setting up its own independent grain export scheme instead
Great Eastern promotes Ankush Gupta to COO as share price spikes Indian shipowner reorganises management and says stock boost is market-related
Winning and Evergreen Marine give recyclers some big bulkers and container ships to chomp on Last week's subcontinent scrap haul included a capesize and four panamax bulkers, along with four container ships
Exmar falls foul of stockmarket regulator with approach to shareholders Belgian's FSMA files complaint over Exmar letter amid talk of mystery approaches to stakeholders in name of take-private vehicle Saverex
Give a 'greater share of heart and mind' to human rights at sea Appeal for more resources, connections and influence from influential human rights NGO that celebrates its 10th anniversary with London International Shipping Week
IMO carbon targets may not have missed a 1.5C trajectory by much, new research shows Forthcoming whitepaper by consultancy UMAS finds IMO targets nearly in line with Paris Agreement, but policy measures, a zero-emissions target in 2040 and more action from national governments are needed
Winning and Evergreen Marine give recyclers some big bulkers and container ships chomp on Subcontinent scrap haul last week included a capesize and four panamax bulkers, along with four container ships
Singapore's Consort leads team to develop ammonia bunker tanker Participants aim to pool their respective expertise to develop solution to help decarbonise bunker industry
Cruise ship arrest sends Delos, Delta, and Nordic Hamburg to court An Australian legal battle has turned the spotlight on the cruise activities of three shipping names who teamed with the man behind Canada's collapsed One Ocean Expeditions
Are China's container futures set for a Big Bang moment? The success of a Chinese container futures contract could prove a watershed moment, a leading FFA broker argues
New Mexican refinery set to shake up regional tanker trades, says Gibson But shift may end up increasing tanker tonne-miles as displaced cargoes seek new markets further away
US container imports rise in line with pre-COVID peak season pattern Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.
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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