High Level Committee constituted to draft revised guidelines for RoRo, RoPax ferry services & Model Concession Agreement for terminal operator
East Coast Maritime Forum & Eastern Star Awards 2023 to congregate the fraternity in Kolkata on Feb. 24
Strikes seen affecting several French ports
DRI seizes 24.4 kg gold smuggled from Bangladesh in Operation Eastern Gateway
Uncertain economic outlook seen for the near term
HMM takes step toward carbon neutrality by ordering nine methanol-fuelled 9,000 TEU containerships
AISATS to develop India's largest Multi-Modal Cargo Hub at Noida International Airport, Jewar, Uttar Pradesh
Govt to develop 100 airports: Minister
Amendment in Circular No. 29/2020-Customs dated 22.06.2020 for allowing transhipment of Bangladesh export cargo to third countries through Delhi Air Cargo
Atul Ubale to hold additional charge as SCI's Director (P&A) from March
Seafood exports set for all-time high
Sugar exports stand at 27.83 lt till early Feb.
Turkey post-quake port status update
Digital initiatives undertaken for empowerment & enabling ease of doing business for MSMEs
Rem Offshore books straight-from-the-shipyard charter for newbuild CSOV Fosnavåg, Norway, headquartered Rem Offshore has secured a charter contract, with options, from ASSO Subsea for its newbuild CSOV Rem Power. The vessel will support the construction phase of wind farms, providing
Blue Sky Maritime's David Cummins to keynote TTB 2023 David Cummins, president and CEO of the Blue Sky Maritime Coalition-a non-profit, strategic alliance formed to accelerate the transition of waterborne transportation in Canada and the United States toward net-zero greenhouse gas
Austal USA celebrates opening of its new San Diego shipyard At an afternoon reception that brought together military and community leaders, elected officials, and representatives from across the ship repair industry, Austal USA yesterday celebrated the opening of its new San Diego
Port of Santos sees profits soar over 66% The Santos Port Authority (SPA), the state-owned corporation that runs the major Brazilian port, finished 2022 with the best result in its history, achieving a net profit of US$106 million, translating to a 66.3% growth over 2021. The company's net revenue reached US$270 million, up 24.1% from the previous year, indicating the record 10.5% increase in the period in cargo handling and the constant
Evergreen announces suspension of operations at Iskenderun port due to severe earthquake damage Evergreen Line has suspended all services at the port of Iskenderun due to the severe earthquake that devastated regions in Türkiye and Syria on Monday, 6 February 2023. "Structural damage to the Port of Iskenderun will keep the facility closed for an undetermined period of time. Roads and logistics infrastructure within the area have also been damaged, causing all services to be suspended until
Cyclone Gabrielle wreaks havoc on New Zealand ports Container movements to key New Zealand ports have been interrupted as the country declared a state of emergency in the wake of Cyclone Gabrielle which has lashed the central and northern parts of the country. An advisory that Maersk Line issued to customers stated that ships have to leave anchorage in Tauranga port and stay at sea until it is ascertained safe to return. Vessel calls at Tauranga h
London Medway's unaccompanied freight service reaches 50,000 units milestone London Medway's unaccompanied freight service between the United Kingdom and France sees trade numbers rising by two-third since its launch. Specifically, the cross-channel route, which is run by DFDS, has experienced a 65% increase in daily unit volumes since the service began in July 2021. Moreover, in recent weeks, the Sheerness to Calais service hit a new landmark, as it has now moved more th
PANGIA project: new platform for ship managers and operators The PANGIA project, a partnership between Columbia Shipmanagement (CSM), Blue Dynamics (BD), and the Cyprus Marine and Maritime Institute (CMMI), has been in the works for two years and is scheduled to begin in July 2023. The European Union and the Republic of Cyprus are co-funding the initiative through the Research and Innovation Foundation. Ship managers, operators, owners, and banks, among ot
New electric vehicles at Virginia box terminal Four new all-electric trucks went into operation on 12 January at Norfolk International Terminals (NIT) of the Port of Virginia, as part of the US port's plan to become carbon-neutral by 2040. The new vehicles, MAFI T230e Electric Yard Tractors, are expected to move containers inside the terminal area. According to Port of Virginia, these cutting-edge vehicles will soon be outfitted with GPS tech
COSCO establishes China Electric Ship Innovation Alliance China COSCO Shipping Corporation Limited and COSCO Shipping Development developed the China Electric Ship Innovation Alliance which was established on 8 February. At the founding ceremony, the strategic partnership agreement of the Green Water Zero Carbon Project was also signed. A collaboration agreement was signed between COSCO Shipping Development, China Merchants Capital, China Energy Enginee
World Distribution Services officially opens new warehouse in Tacoma World Distribution Services (WDS), a provider of warehouse logistics solutions, hosted the grand opening of its new around 279,000 m² warehouse and distribution center in Tacoma on 1 February. Representing WDS's first United States West Coast facility, the new Tacoma facility is going to further bolster the company's presence in the Pacific Northwest. WDS Tacoma with an approximately 11 meters cl
HMM orders new methanol-fuelled 9,000 TEU boxships HMM has secured contracts for nine 9,000 TEU container ships powered by methanol dual-fuel engines with Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC). The deal calls for HSHI and HJSC to construct seven and two vessels, respectively, for a total cost of US$1.12 billion. The ships are expected to be delivered between 2025 and 2026 and will be deployed on the Asi
CMA CGM sends humanitarian aid to Turkey and Syria A CMA CGM AIR CARGO A330-200F aircraft flew from Paris-Charles de Gaulle to Turkiye's Gaziantep Oguzeli airport on Sunday, 13 February, to transport the civil security field hospital deployed by the French Civil Security. This new emergency relief operation will be carried out as part of a collaboration between the CMA CGM Foundation and the Ministry of Europe and Foreign Affairs' Crisis and Supp
Diana Shipping adds another ultramax Greek bulker owner Diana Shipping has added to its list of ultramax acquisitions with a $27.9m deal for the 2016-built . The New York-listed company said the delivery of the Norden chartered-in and Nissen Kaiun-owned vessel should take place by the beginning of April 2023. The 63,379 dwt scrubber-fitted vessel will add to Diana's existing ...
300 jobs at risk as Wärtsilä reshuffles Voyage business Finnish marine technology firm Wärtsilä will cut up to 300 jobs as part of its plan to streamline its Voyage business unit offering. The Voyage business, which was integrated into Wärtsilä Marine Power at the beginning of 2023, will now see part of its activities moved to Portfolio Business, which evaluates divestments and other strategic ...
Østensjø Rederi to manage and operate Fredriksen's flotel Norway's Østensjø Rederi has been selected to manage and operate the vessel its floatel unit Edda Accommodation called off at Hyundai Heavy Industries. The 155-m abandoned flotel, which has been at the Hyundai shipyard in South Korea since 2016, was acquired for about $80m by the Norwegian tycoon John Fredriksen in late 2022, with Equasis ...
Maersk tanker denied entry into Spanish port for carrying Russian-origin cargo Spanish authorities have denied entry of the Singapore-flagged product tanker into Tarragona port due to it transporting cargo originating from a former Russian-flagged ship. The country's transport ministry said the 2010-built Maersk Magellan received the cargo in a ship-to-ship transfer from a Vietnamese-owned product tanker Elephant that originally came from the Cameroon-flagged Nobel ex-Neati
Rem Offshore scores new charter for CSOV newbuild Norway's Rem Offshore has secured a new charter agreement for its newbuild construction service operations vessels (CSOVs) Rem Power. Greece-based offshore contractor Asso Subsea has contracted the 85-m-long vessel to support the construction phase of wind farms with a startup from delivery in May and has further options to extend the charter. In January, the ...
PDVSA lines up aframax orders in Iran Venezuela's state-run energy firm PDVSA has set aside a total of $67.5m to order two aframax tankers in Iran, according to Reuters. Details of the delivery dates have not been made available. The ships - to be called India Urquia and India Mara - will be built at Iran Marine Industrial Company's Bushehr shipyard, a ...
FSL secures pair of long-term charter extensions First Ship Leasing Trust (FSL Trust) has sealed long-term charter extensions with UK-based James Fisher Everard for two tankers. The Singapore-listed product tanker owner has fixed the 2005-built Clyde Fisher and the 2006-built Speciality for two and three years, respectively. The trust has eight tankers of different sizes in its portfolio, all of which are ...
Seaway 7 lines up offshore wind contract valued at up to $500m Offshore wind contractor Seaway 7 has secured work for an undisclosed offshore wind farm project potentially worth up to $500m. Under the contract, Subsea 7's unit will transport and install inner-array and export power cables and respective cable protection systems. Operations on the project should start in 2023 and continue through 2024 and 2025. Seway ...
Edda Wind seals funds for CSOV trio Norwegian offshore wind service pure play Edda Wind has secured a green loan facility agreement for the pre-and postdelivery financing of three commissioning service operation vessels (CSOVs) under construction at Gondan shipyard in Spain. The facility agreed with Crédit Agricole Corporate and Investment Bank, Eksportfinansiering Norge and Sparebanken Vest, is for a minimum €100m ($107.3m) ...
Bangladesh Shipping Corporation to receive $22.48m pay-out for vessel hit by rocket in Ukraine State-run Bangladesh Shipping Corporation will get a $22.48m pay-out from insurers over its abandoned bulk carrier, , which has been stuck in Ukrainian waters for a year, having suffered a rocket attack in the early days of the war with Russia. The bulk carrier arrived in Ukraine on February 22 last year on charter to ...
Japan Drilling awarded jackup contract in Thailand Tokyo-based offshore driller Japan Drilling Company (JDC) has been awarded a contract by Medco Energi for the jackup rig Hakuryu 11. The deal will see Japan's sole offshore drilling contractor work on the Bualuang oilfield offshore Thailand. Medco has signed up to drill four firm workover wells and three optional wells, with operations commencing around ...
TOP Ships gets better rate for product tanker NASDAQ-listed TOP Ships has fixed a three-year time charter for its product tanker, . The new time charter will commence immediately after the expiry of the present time charter employment contract in the first quarter of 2024. The revenue backlog expected to be generated by this fixture is about $22.4m for the firm period and ...
COSCO forms the China Electric Ship Innovation Alliance China's largest shipping entity, COSCO, has formed the China Electric Ship Innovation Alliance. Top national authorities and more than 80 companies have joined the alliance, helping cement the country's position as one of the world's leaders when it comes to the electrification of shipping. The Yangtze has served as the petri-dish for much of China's ...
HMM orders nine methanol-fuelled boxships South Korean flagship carrier HMM is the latest container line to move for methanol-fuelled tonnage, announcing today orders for nine 9,000 teu vessels, which will deliver from 2025 through to 2027. The orders, worth a combined KRW1.41trn ($1.12bn), are split between Hyundai Samho Heavy Industries and HJ Heavy Industries with the former responsible for building ...
US Department of Energy to fund studies into increasing cost efficiency of wind power generation The US Department of Energy (DOE) last week announced a $30m funding opportunity to advance the cost-effective domestic manufacturing of materials, including lightweight composites, that allow wind turbines to produce power more efficiently. Led by the Office of Energy Efficiency and Renewable Energy (EERE)'s Advanced Materials and Manufacturing Technologies Office (AMMTO), this funding opportuni
Port of Corpus Christi moves forward with green hydrogen energy plans Port of Corpus Christi Authority in Texas and Canadian clean energy company AmmPower have entered into a memorandum of understanding to explore the potential development of green hydrogen to be used as feedstock for a green fuel and green derivatives production, storage and distribution facility. The facility would produce green, hydrogen-rich derivatives for domestic and ...
Cargill proceeds with wind plans and looks to focus on newbuilds Cargill Ocean Transport plans to complete its first solid wind sails installation by May as part of its decarbonisation plans...
Bunker firms' 'merger of equals' creates Baseblue brand 'Merger of equals' in response to decarbonisation and other challenges
Ardmore swings to profit on firm tanker markets Rates are still firm despite a softening in the first quarter of the year
Containership fixtures increase while charter rates remain stable The number of reported fixtures is at its highest level since mid-2022, driven by strong demand for 1,700 teu capacity...
Optimising voyages would boost CII ratings, says study Optimising voyages with the aid of simulation software could improve CII ratings enough to move ships up to the next...
Benefits of terminal automation challenged The arguments for port automation centre on cost and efficiency. But there is little evidence that productivity increases, while other...
EU sets out rules for producing green hydrogen European Commission aims to avoid creating extra renewable energy demand by ensuring additional capacity to produce green hydrogen
Flex LNG eyes stronger time charter rates Norwegian company expects slower sailing speeds, increased congestion and a reopening of the arbitrage to Asia to support rates
Reefer sector shows resilience despite downturn Imbalances remain a challenge for the refrigerated container segment. But easing congestion and lower dry demand will ease the flow...
China's Haidong Shipyard gets contract for four tankers Haidong did not reveal the identity of the shipowner although online information indicates the order is linked to Emepco FZE
DSME wins first LNG newbuilding contract in 2023 DSME has reduced its annual newbuilding target by 22% for this year
Maersk files lawsuit linked to Ever Given grounding The 20,000 teu Ever Given was grounded in the Suez Canal in March 2021, blocking all vessel traffic for six...
Daily Briefing Chinese leasing: Beijing should let the corruption scar heal | Uncertainty driving 'extended and painful' PI renewal round | Box...
Greeks sign shipping finance co-operation deal with China Greek owners have spent more than $50bn ordering at Chinese yards, while Chinese banks are said to have modest $3bn...
Greece-owned tankers ship Russian cargoes from Baltic ports Tankers are entered with Western P&I clubs, and remain flagged by Malta or Greece, according to databases
HMM orders nine 9,000 teu methanol dual-fuel containerships Green shipping corridors between Busan in South Korea and key ports in the US are potential routes to operate the...
Nakilat posts record profit on robust LNG demand An 'increased demand for clean energy' allowed the company to continue diversifying its portfolio and international footprint
FSL Trust warns of softer tanker market outlook The tanker specialist is generally positive on the medium-term outlook
Singapore's monthly bunker sales up 8.6% Singapore retained its crown as the largest bunkering hub in the world last year, selling 47.9m tonnes of marine fuel
Cass sees US freight shifting to truckload as costs drop Lower rates and ample capacity are drawing more freight to the US truckload sector, particularly the dedicated and contract markets, according to the Cass Freight Index report.
US LTL shipments getting smaller: Forward Air Shippers are still tendering approximately the same number of shipments, but they're shipping less freight per shipment, the head of expedited LTL carrier Forward Air says.
Carriers, shippers seek sweet spot in post-bull market service contract talks In negotiations leading up to the annual service contracts that will take effect May 1, container lines and importers are trying to find a new middle ground amid uncertainty as to how strong demand will be in the second half of the year.
HMM joins move to methanol with $1.12 billion vessel order Methanol is increasingly being seen as one of the frontrunners for shipping's fuel of the future, with HMM the latest convert to the green energy source.
Safe Bulkers bolsters fleet's green credentials as profit shrinks US-listed bulker owner eyes environmental upgrade programme in 2023
How Ardmore Shipping finally came to love exhaust gas scrubbers Money and questions about environmental impact were issues on the first go-round, but Irish shipowner has different views today
US tapping oil reserves again while questions remain on tanker market impact It is unclear if the latest Strategic Petroleum Reserve release will raise tanker markets the way last year's did
Maersk Tankers vessel barred from Spanish port over 'Russia sanctions breach' Port authorities in Tarragona take action over trade linked to a former Russia-flagged tanker
Fleet sale near done? Concordia linked to $90m deal to sell tanker trio Sale talk comes just after company said it might sell the rest of its dwindling fleet
Oversupply and seasonality fuel 29% slump in capesize bulker rates in one day Index may see further losses as a result of more vessels possibly being in Atlantic basin, broker says
Navig8 snaps up familiar LR1 quartet from German shipowner Germany's Jacob Shipping group divests its clean product tanker fleet in a deal that has been brewing for some time
Marubeni fleet optimisation study shows 7.3% cut in emissions Joint study with software firm Napa and classification society ClassNK show voyage optimisation can improve a vessel's carbon intensity rating by 5% to 6%
Maersk Product Tankers vessel barred from Spanish port over 'Russia sanctions breach' Port authorities in Tarragona take action over trade linked to a former Russia-flagged tanker
Flex LNG starts marketing open vessel duo for 2027 charters John Fredriksen-controlled shipowner remains coy on fresh newbuildings but does not rule out tender business or consolidation
Diana Shipping confirms buying Norden ultramax bulker for $28m New York-listed owner expects to take delivery of ship in April
American International Group cuts Tidewater position to the bone Insurance outfit was once a major Tidewater shareholder and now owns just 0.1% of the company
Ex-Bahri manager to build tanker broker team for Dubai's OceanEXL Captain Rakesh Yadav is aiming to build a 15-strong team to tap into booming Middle East spot tanker markets
Advantage Tankers sets out to order suezmax newbuildings Geneva-based company has signed letter-of-intent for crude tanker trio in South Korea
Please rate your purchase: New bunker venture to promote Amazon-style service Customers can be treated better buying a pair of trainers than when spending millions on marine fuel. That has to change, says bunkers boss
Ardmore Shipping caps record 2022 with strong fourth quarter profit First-quarter bookings have started off weaker than last but still at robust levels
Tsuneishi Shipbuilding wins one more methanol dual fuel bulker contract Latest deal comes shortly after winning a double order from Cargill
Hunter Group readies new projects as Fredly sells out and sails on Arne Fredly hands over the keys to Hunter Group, which is now looking for a new chairman and new projects
TotalEnergies shifts into sales talks on last of its 'legacy' LNG carriers Sinokor Merchant Marine has been eyeing up 17-year-old vessel under talk of a short charterback deal with energy major
Ukraine trapped vessels' hopes hinge on Black Sea grain initiative renewal Talks are set to begin as current United Nations brokered agreement comes to an end
France's Socatra inks LOI for methanol-fuelled chemical carriers in China The company is ordering up to three newbuildings for charter to TotalEnergies
Neste ties up fleet planning system deal with Seaber Finnish companies agree deal to optimise scheduling efficiencies
MOL linked to DSME's first LNG carrier order of 2023 Does lower price signal better terms, a forward delivery date or firming up of an optional slot?
Maersk tanker barred from Spanish port over 'Russia sanctions breach' Port authorities in Tarragona take action over trade linked to a former Russia-flagged tanker
France's Socatra inks LOI for methanol-fulled chemical carriers in China The company is ordering up to three newbuildings for charter to TotalEnergies
Maersk suspends another transpacific loop due to falling demand Bigger box tonnage takes hit as charter and freight rates continue to slide
Harald Moraeus-Hanssen reveals offshore buys and chemical tanker order Moraeus-Hanssen is continuing to accumulate offshore assets but has also revealed a substantial tanker play at Japan's Fukuoka
International Group chief Cutler looks beyond sanctions furore Britannia chief executive Andrew Cutler says consolidation will not divide the insurance grouping
FSL Trust secures charter extensions as tanker sale boosts profit Shipowner has been able to take advantage of the positive market environment to dispose of older tankers
Flex LNG expects charter revenue boost for 2023 despite first dry-dockings Company turns in improved annual results for 2022, but fourth quarter figures slide year-on-year
Dubai-based outfit Akron linked to product tanker quartet at Chinese shipyard The tanker newbuildings will be the largest ship type for the 65 years old state-owned shipyard
Hanno Tamminga trades tokens for new role at Transport Capital Former New Shore Invest founder and CEO to join investment management firm's German team
UK and Australian forces join Japan in enforcing North Korea sanctions Nations help to police UN resolutions to prevent ship-to-ship transfers of goods involving North Korean-flagged vessels
Revived Hengli Heavy Industry hires Yangzijiang's vice president of sales Well respected Zhang Tao will be key to marketing efforts at reborn Chinese shipyard
Finnair modifies A350 weight threshold to carry more cargo around Russia Finnair got creative redefining aircraft characteristics for the A350 jetliner so it could carry more fuel, cargo and people on long Asia routes.
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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