Century Ports given Award of Concession for Khidderpore Docks rejuvenation
APM Terminals Pipavav increases efficiency by reducing running hours per move
Chemical industry highlights concerns regarding berthing delays, detention/demurrage charges at DPA
India exports INR 20K cr of iPhones in Q1FY24
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Sri Lanka, India to discuss energy, power, port projects
Rail freight volume contracts
Draft notification issued mandating installation of air-conditioning system in cabins of motor vehicles belonging to categories N2 and N3, manufactured from January 1, 2025 onwards
Evergreen Marine bets billions on methanol fueling In a move that positions it to displace Hapag-LLoyd as the world's fifth largest box ship operator Taiwan's Evergreen Marine Corporation is betting billions on methanol-fueling, placing orders for 24 methanol dual
Hornbeck Offshore Services taps Eastern for OSV to SOV conversion Panama City, Fla., headquartered Eastern Shipbuilding Group has been contracted by Hornbeck Offshore Services, Inc. to convert a 280-foot offshore supply vessel (OSV) to a service operation vessel (SOV). The 280-foot vessel
Kotug Canada orders two powerful methanol-fueled escort tugs Kotug Canada has selected Turkey's Sanmar Shipyards to build two Robert Allan Ltd. designed dual fuel methanol-fueled escort tugs. They will service the Trans Mountain Expansion Project (TMEP), which extends the Trans
Strikes in Canada continue, alongside some peak season optimism: Freightos analysis After four days without meetings, ILWU Canada talks with the BCMEA resumed Saturday (8 July) as the port worker strike entered its second week, while federal mediators are now also involved in negotiations. Container ship backlogs have now developed, with more than 10 vessels anchored near Vancouver and several off Prince Rupert port. And though ILWU and ILA members in the US have pledged not to
Port of Rotterdam welcomes ONE's giga container vessel On Tuesday, 11 July, at 11 a.m., ONE Innovation, one of the largest container ships in the world, arrived at RWG in the port of Rotterdam. To showcase the vessel's sustainable characteristics, Japanese shipping company Ocean Network Express (ONE) had the ship stowed on the outside with magenta ONE containers for the occasion. The ship is 400 metres long and 61 metres wide, with a capacity of 24,1
DB Schenker, Volvo Cars reduce shipping emissions using biofuel DB Schenker and Volvo Cars have decided to partner on ocean freight sustainability, shipping 12,000 TEUs with automotive spare parts on vessels using biofuel that will reduce CO2 emissions by 84% per container. In total over a year, this saves roughly 9,000 tons of CO2 compared to ocean freight vessels powered by fossil fuel, according to a statement. The programme started in June and connects, a
Spanish Government earmarks over US$19 million for Sagunto inner rail network construction The Spanish Government announced the tendering of a contract for the construction of the inner rail network of the Port of Sagunto in Valencia, with an estimated investment of €17.5 million (US19.3 million) and a completion period of 11 months. The project will be financed with European CEF funds and will include the design of an Intermodal Goods Facility, with a yard for containers and another f
sennder, Poste Italiane strengthen partnership with US$2.5 billion commercial deal European digital freight forwarder sennder Technologies GmbH and Poste Italiane, an Italian postal and logistics operator, have renewed their Italian Joint Venture (JV) and commercial agreement for up to ten years, with the potential for the JV, sennder Italia, to produce up to US$2.5 billion in revenue during that time. Together, the two logistics companies are leveraging technology to improve F
Wan Hai ship withheld in Kaohsiung after hitting revetment A Wan Hai Lines container vessel has been detained in Kaohsiung, Taiwan after it knocked into some revetment along one of the berths on 10 July, causing some damage to the facility. The 2006-built, 2,646 TEU boxship Wan Hai 312, which plies a service connecting China, Hong Kong, Taiwan and Indonesia, was about to depart from berth No. 64 in Terminal No. 2 around 7.55 pm (local time) when its port
IMB raises concerns over surge in piracy attacks Anti-piracy body ICC International Maritime Bureau (IMB) reported that piracy and armed robbery incidents in the Singapore Straits have increased during the first half of the year. In the period January-June 2023, 65 incidents were recorded, an increase from 58 incidents for the same period last year. According to the mid-year report of IMB, of the 65 incidents, 57 vessels were boarded, four had
ONE introduces new service connecting Europe with South America Ocean Network Express (ONE) has announced the launch of the Latin-East-Coast Europe Express (LUX), a new weekly service linking Europe and the Mediterranean to South America's East Coast. The first LUX sailing will depart the port of Montevideo on 16 September, while the port rotation of the service will be as follows: Rotterdam (Netherlands) - London Gateway (UK) - Hamburg (Germany) - Antwerp (B
Port of Hueneme secures US$80 million funding The Port of Hueneme received US$80,000,000 from Governor of California Gavin Newsom for projects that are expected to create social and economic equity while providing significant revenue streams to help transform the port into a zero-emissions hub. California State Transportation Agency (CalSTA) served as the lead agency for the allocation of US$1.5 billion in Port & Freight Infrastructure Progr
MSC applies fresh rates from India and Pakistan to European ports MSC has announced updated freight rates from India and Pakistan to the port of Antwerp in Belgium and the port of Valencia in Spain, which will be effective from 7 August until further notice but not beyond 31 August 2023. Port of loading Port of discharge Commodity Rate 20 DV Rate 40 DV & HC Nhava Sheva Antwerp Freight All Kinds (FAK) US$700 US$750 Ennore Antwerp Freight All Kinds (FAK) US$700 U
RWE, Mitsui and Port of Tilbury partner on green hydrogen projects RWE, a German multinational energy company and the UK's largest power generator, Mitsui, a global trading and investment firm, and the UK's Port of Tilbury are working together on an innovative hydrogen project in Essex, a county in southeast England. In particular, the three parties recently signed a memorandum of understanding (MoU) for two green hydrogen projects. Hydrogen is a vital component
First LNG-powered boxship arrives on Saudi Arabia's east coast CMA CGM Symi arrived at King Abdulaziz Port in Saudi Arabia, making the Dammam-based port the first on the country's East Coast to receive a Liquefied Natural Gas (LNG)-powered container vessel. CMA CGM Symi, with a capacity of 15,400 TEUs, length of 366 metres, width of 51 metres and depth of 16 metres, has been powered by sustainable energy since entering service in 2022. The Saudi Ports Author
Investigation and salvage operations to begin in vessel fire incident at Port Newark The Unified Command consisting of the US Coast Guard (USCG), Port Authority of New York and New Jersey, Newark Fire Department, and Gallagher Marine Systems is about to launch investigation and salvage operations after the completion of shipboard fire response operations in Port Newark cargo ship fire accident . As of the morning on 11 July, the fire has been extinguished, according to USCG's sta
BP and TotalEnergies win $14bn German offshore wind auction Germany's grid regulator (BNetzA) has named BP and TotalEnergies as auction winners for four new offshore wind sites in the North Sea and the Baltic with a combined capacity of 7 GW worth €12.6bn ($14bn). As a step towards Germany achieving its offshore expansion goal of 30 GW by 2030, three North Sea areas, each ...
UK green lights Ørsted's 2.6 GW Hornsea Four wind farm Danish utility Ørsted has been granted development consent for the Hornsea Four offshore wind farm project in the UK North Sea. Located approximately 69 km off the Yorkshire Coast the 2.6 GW Hornsea Four is the second largest UK offshore wind project to gain consent. If fully built, it would provide enough power to meet ...
McDermott lands another major contract in Qatar US subsea and deepwater engineering and construction player McDermott has secured a major contract worth between $750m and $1.5bn from Qatargas for the North Field production sustainability (NFPS) offshore fuel gas pipeline and subsea cables project. The engineering, procurement, construction, and installation (EPCI) contract for the project called COMP1 is part of the NFPS offshore ...
MSea Capital secures $30m debt refinancing Maritime Finance, part of First Citizens Bank's CIT division, has arranged the refinancing of MR product tankers worth up to $30m for affiliates of MSea Capital. MSea Capital was founded in 2012 by Modi Mano and is an international maritime investment and asset manager with expertise in tanker and commodity shipping. "We are very satisfied ...
Solvang orders VLGC trio in South Korea Norwegian gas shipowner Solvang has placed an order at HD Hyundai Heavy Industries for the construction of three 88,000 cu m LPG carriers. In a regulatory filing last week, the holding company of the South Korean yard, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), said the European owner had booked the gas carrier trio ...
Scorpio Tankers sheds one of its ships for $32.5m Monaco-headquartered Scorpio Tankers has sold its 2013-built MR product tanker for $32.5m. The Emanuele Lauro-led company said that the sale of the tanker occurred this month. The buyer was not named in the statement. As the vessel is unencumbered, the company will make no debt repayments associated with this sale. This year, the company has ...
Shipping insurance broker duo team up in Marine Alliance JV Hamburg-based marine insurance broker Marine Assekuranz has partnered up with Norway's Fram Insurance Brokers under the Marine Alliance banner. The insurance brokers have decades of expertise in insuring ships and transport worldwide and are now joining forces under the umbrella of the 'Marine Alliance.' The alliance was founded last year by Söderberg & Partners, a ...
Piracy attacks on the rise Global piracy and armed robbery attacks against commercial shipping have increased by some 12% during the first six months of 2023, compared to the same period last year. A total of 65 incidents were recorded, up from 58 in the first half of 2022. 57 vessels were boarded, four were attacked, two were hijacked, and ...
Hydro exits Norwegian offshore wind partnership with Equinor and RWE Norsk Hydro's renewable energy unit Hydro Rein has exited the partnership with Equinor and RWE in the competition to develop a large-scale, bottom-fixed offshore wind farm in the Sørlige Nordsjø II area in the Norwegian North Sea. The trio signed a collaboration agreement for offshore wind in Norway in May 2021 and has since been ...
Ottawa moves to resolve port strike Canada's labour minister Seamus O'Regan yesterday gave a federal mediator 24 hours to send him recommended terms to end the British Columbia port strike which is entering its 12th day with the latest vessel traffic data showing more boxships backing up outside the principle ports of Vancouver and Prince Rupert. O'Regan has already held dialogue ...
George Procopiou signs for 10 kamsarmaxes at Hengli George Procopiou's bulker arm, Sea Traders, has firmed up an order for 10 kamsarmaxes at the reborn Chinese shipyard Hengli Heavy Industry. A deal follows on from the letter of intent signed with the yard formerly known as STX Dalian earlier this year. The Procopiou family, which also controls Dynacom Tankers Management and Dynagas with ...
Australia declares second offshore wind zone The Australian Government has declared an area in the Pacific Ocean off Hunter, New South Wales, as suitable for future offshore wind development. The Hunter area is the second declared offshore wind area in Australia following Gippsland off the Victorian coast. The declared area covers 1,854 square kilometres between the Central Coast and Port Stephens ...
Secondhand boxship prices plunge Secondhand boxship prices have dropped between 50% and 75% compared to a year ago, with Alphaliner predicting values could diminish further in the coming months. As of the start of this month, there have been signs that secondhand prices have been stabilising, but with what Alphaliner described in its latest weekly report as "disappointing" cargo ...
Samos Energy buys three offshore production vessels New upstream energy investment firm Samos Energy has bought three offshore production vessels by acquiring all shares of PetroFirst. Samos Energy acquired 100% of the shares of the PetroFirst Infrastructure companies from funds managed by BlackRock Infrastructure and Petrofac. The financial details of the deal were not disclosed. PetroFirst is a floating energy infrastructure owner ...
SLB gets trial date for sexual harassment lawsuit The trial in a multi-million lawsuit against oilfield services giant Schlumberger, now SLB, for sexual harassment and gender discrimination in the field starts on July 17. The plaintiff is Jessica Cheatham, a former Schlumberger engineer who worked on oil rigs in various US states. The trial will be held in US District Court for the ...
Low and high sulphur fuel price spread narrows to lows not seen since 2020 The Hi-5 spread, the price differential between high and low sulphur oil, has narrowed to levels not seen since the end of 2020, the year that the global sulphur cap came into being. The price gap between the dominant two fuels in world shipping at the world's top 20 fuelling hubs, as tracked by Ship&Bunker, ...
West Africa emerges as key STS hub for Russian oil West Africa is emerging as a fast-growing hub for Russian ship-to-ship (STS) oil activities. The average number of meetings in Lome and Lagos during 2022 was 3.25. In H1 of 2023, that average in Togo and Nigeria increased to 26 - a 700% increase, new data from Israeli firm Windward shows. Data clearly indicates that ...
Freightos to axe 13% of its workforce amid 'persistently weak' market conditions NASDAQ-listed Freightos, the Israeli box booking platform, is letting go of around 50 staff, some 13% of its workforce, in a bid to break even in challenging economic conditions. Zvi Schreiber, CEO of Freightos, commented "Given the persistently weak market conditions, we are refining our priorities to deliver on our plan to reach profitability with ...
Zim lowers earning outlook amid persistent market weakness Zim has revised down its guidance for the full year as it is no expecting a meaningful improvement in freight...
DHL invests to support nearshoring demand As cargo owners look to diversify their supply chains, many are looking closer to home. DHL is looking to capitalise...
Erratic actions of Suez Canal pilots cited as major contribution to Ever Given grounding The flag state for the vessel Ever Given, which was grounded in 2021, argues local pilots failed to evaluate strong...
Canada labour minister says longshore deal 'within reach' Labour minister Seamus O'Regan gave federal mediators 24 hours to submit recommendations for terms of settlement, after which the parties...
Prokopiou inks orders for VLCCs at New Times New Hengli Heavy Industries order for 10 kamsarmaxes may be doubled with dry bulk deals at other yards
The next IMO secretary-general: Minna Kivimäki Meet the seven candidates for secretary-general of the International Maritime Organization over the next week as Lloyd's List sits down...
Is it the right time for consolidation in dry bulk shipping? In theory, it makes sense to buy into companies as share prices are trading below net asset values. However, personality...
'Inside job' cargo theft booming as incidents up sixfold in past year 'It is related to the state of some economies. People are finding their finances stretched and are more susceptible to...
LNG carrier newbuilding orderbook hits 59% of the existing fleet in service The recycling of older units is expected to increase. Elsewhere, more liquefaction projects will lead to extra orders on top...
NCB to collaborate on illegal wildlife trade Carriers have been using software to prevent undeclared cargoes making it onto ships. A new initiative will seek to do...
FincoEnergies ready to supply bio-methanol in Amsterdam Bio-methanol supply chain is getting ready to meet rising demand, with several dual-fuel methanol vessels expected to start operations in...
Grimaldi ship fire extinguished A fire on board a Grimaldi ro-ro vessel docked in the port of New York and New Jersey that claimed...
EV battery giant CATL invests in China's Wuhu Shipyard Having moved into the battery business for electric vessels, the Chinese battery maker CATL has now become a shareholder in...
IMB highlights piracy surge in the Gulf of Guinea and Singapore Strait London-based organisation described the resurgence in reported incidents, including hostage-takings and crew kidnappings, in the Gulf of Guinea waters as...
Daily Briefing Greek and Cypriot shipping bodies give thumbs up to IMO decarbonisation strategy | China sets up new body to oversee...
Containership price normalisation tempts owners back to secondhand market After being priced out by aggressive carriers, non-operating owners are buying again. But box lines are still keen buyers as...
Hengli secures George Prokopiou's bulker order as Chinese yard capacity expands Growing order demand alongside constrained capacity at top-tier builders has bloated the revitalised Chinese yard's orderbook in the past six...
Hamburg adopts long-term strategy Hamburg needs to adapt to global trends to remain competitive. Digitalisation, decarbonisation and e-commerce will all be critical to the...
Evergreen confirms orders for 24 methanol-ready container ships The ships add to the growing order backlog of methanol-powered container ships that currently total at least 100 vessels, equivalent to about 12% of vessels on order, according to ship brokers.
Canada's Minister of Labour intervenes in bid to end dockworker strike If ILWU Canada or longshore employers reject the recommendations of a federal mediator, the next step will be for the Canadian government to reconvene Parliament, which is on summer recess, to address the situation.
Cargo recovery along USWC began prior to tentative labor deal: analyst The doom and gloom regarding cargo diverted away from the US West Coast during recent labor strife may have been excessive, as importers are not eager to permanently adopt higher-cost routings when a reliable lower-cost option with reasonable service exists, writes analyst Larry Gross.
ILA Charleston protest aims to up ante on expanded work jurisdiction The International Longshoremen's Association says it is willing to wait as long as it takes to control the jobs it believes belong to the union at South Carolina's new Leatherman terminal.
Wholesale weakness slowing US inventory destocking, freight demand US businesses may have passed the inventory peak, but data shows stockpiles remain high, and a weak wholesale retail market is depressing imports and surface freight shipments.
Holt Logistics, HMM step into bidding fray for new operator of Wilmington's port Delaware's Port of Wilmington received an improved offer from a stevedoring firm to take over operations, but the bid faces a challenge from Holt, who claims the search process was unfair.
California's major container ports get $735 million in state funds for upgrades The ports of Los Angeles, Long Beach and Oakland will use the grant money for infrastructure projects that will promote more efficient freight movement as well as emissions-reduction efforts to meet clean-air goals.
'A lot of opportunity': Hornbeck Offshore targets wind farm market with OSV conversion Chief executive Todd Hornbeck says shipowner has more offshore vessels that can be converted to serve the renewables sector
It will 'take some time' to get cargoes back to US West Coast, Port of Los Angeles director says US acting labour secretary Julie Su says she helped dockers and employers reach tentative labour deal by listening to both sides
UN makes last-ditch proposal to Russia to save Ukraine grain deal In letter to Moscow, UN chief Antonio Guterres proposes accommodations for Russian Agricultural Bank
Employers warn Canada docker strike will create 250,000-container backlog at ports Labour minister asks dockworkers and employers to draught proposed settlement, British Columbia Maritime Employers Association says
Nigerian stowaways found perched on rudders of two ships Four of the men spent 13 days living precariously on transatlantic voyage from Lagos
Danish Shipping takes on record number of trainees for 2023 Trade group says 63 young people have signed up for two-year courses
Green Seas: Charting the road ahead after IMO's 'huge step forward' on shipping's carbon Our weekly environment newsletter explores the next steps in the IMO's mission to clean up shipping's act
Zim makes screeching U-turn and downgrades full-year guidance Carrier is bracing for operating losses up to $500m due to weak freight rates
Scorpio flips MR tanker bought out of Avic lease in November Owner has no debt on ship it has sold for $32.5m
Podcast: Protecting biodiversity where the ocean is untouched by national laws Audio edition of Green Seas explores the High Seas Treaty and its potential impact on the ocean industries
PNSC set for big payday as it puts veteran aframax up for sale State-controlled shipowner launches tender to find a buyer for the Lahore
Buyers snap up container ships as secondhand prices plummet Asset values halve and are tipped to fall further as charter market begins to crumble
Newcomers Amphitrite Underwriting triumph in Marine Challenge Cup Debut appearance ends in success for insurers as law firm Kennedys also picks up silverware
German and Norwegian insurance brokers join in 'Marine Alliance' Joint venture involves Marine Assekuranz and Fram
'Ghost ship' that fled oil transfer linked to sanctioned trading TankerTrackers.com identify the ship using the name of a tanker scrapped five years ago as the VLCC Lilu
North Star hires Amplemann executive for European wind shipping wind push Scottish owner creates new role for Caspar Blum in Hamburg
Start-up Samos Energy buys FPSO fleet from BlackRock and Petrofac venture London investor snaps up three units in takeover of PetroFirst
Turkey's Yasa Shipping pivots from bulker to product tanker newbuildings Istanbul-based player jumps on MR bandwagon after growing its dry bulk fleet
Shanghai Jinjiang aims for $416m IPO to build container ship fleet Chinese owner selling up to 15% of its stock on Shanghai Stock Exchange
Sahara Group linked to two 40,000-cbm LPG carriers at Hyundai Mipo Energy company is said to have paid $71m each
DNB's shipping lending rises $340m in 'robust' quarter Norwegian lender says domestic economy is resilient as corporate profit hits record level
Don't shoot the messenger, hit the climate action button Major climatic catastrophes and societal crises will be commonplace if we do not get our environmental acts together - and shipping will feel the full force
UCL's Tristan Smith: Carbon resolution 'a massive change' but leaves more tests ahead for IMO UCL Energy Institute professor talks to the Green Seas podcast about his view that aligning shipping with the Paris Agreement is not out of reach
KCC's Cabu rates up but Cleanbu numbers plunge as tanker trades drop Norwegian combination carrier owner reveals mixed fortunes for its vessels
Norway's Solvang books in three VLGC newbuildings at Hyundai Norwegian shipowner backs future of booming LPG market with major investment
IMB warns over resurgence of piracy in Gulf of Guinea Anti-piracy body also concerned about increasing number of incidents in the Singapore Strait
Procopiou seals big kamsarmax newbuilding deal at Hengli HI Major Greek shipowner signs firm order for 10 bulkers worth a combined $350m
Tor Olav Troim's 2020 Bulkers and Himalaya see rates slip but stay ahead of Baltic Oslo-listed newcastlemax vehicles follow earnings trend downwards, but still offer "strong" returns, analysts say
Is IMO 2020 shipping regulation worsening global warming? Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
How 'historic' decarbonization deal could inflate future shipping rates The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
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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