Sabari Container Terminals organises well-attended get-together to celebrate Director Vijayan Unni's 50th year of service to the industry
Höegh Autoliners covers a number of markets from India; sustainable transportation is at the heart of our vision for the future - Leif O. Hoegh
Mugharraq Port in Al Dhannah, UAE inaugurated
Brazil's Porto Itapoá invests in equipment 'firsts' for Brazil
CMA CGM Zimbabwe update
MoU inked to adopt ammonia-to-power systems for ships
Union Minister urges exporters to focus on untapped potential to diversify export basket
DP World's overseas logistics investments since 2012 cross $10 billion mark
Capacity loss nearing pre-pandemic normal
Generation of IGCR Intimation Number (i.e. IIN) at ICEGATE under IGCR Rules for the Financial Year 2023-24 and utilising thereof in the Bill of Entry filed w.e.f. 1st April 2023
TVS ILP to develop 20 mn sq. ft. industrial space by 2027
Steel exports slump
DGFT notifies extension of RoDTEP scheme to 18 textile items
Pulses exports seen scaling to new high in FY23
MOL expands financing base through transition-linked loan to promote environmental strategies
Bleutec seeks Title XI support for its offshore wind vessel spread When we last reported on Houston-headquartered Bleutec Industries Offshore Wind Services LLC back on March 2, it was to note that the company had received Approval in Principle (AiP) from ABS for
Davie Shipbuilding negotiating purchase of Helsinki Shipyard Canada's Davie Shipbuilding (Chantier Davie Canada Inc.) is in advanced negotiations to buy Finland's Helsinki Shipyard. In a press release yesterday, the Lévis, Quebec, headquartered shipbuilder announced it had exercise of its
Sponsored: Integrated voyage optimization for emissions reduction by Ascenz Marorka The environmental regulations are here to stay Over the last years and months, we have witnessed an unprecedented pressure on the maritime industry to adopt environmentally friendly measures. In
Neste charters Terntank newbuild duo Finnish refiner Neste has signed an agreement to time charter in two low-emission 15,000 dwt products tankers with foldable suction sails and methanol dual fuel engines. Designed by Kongsberg, the vessels were
APM Terminals, HATECO partner to develop container infrastructure in Vietnam APM Terminals will provide funding, operational, and technological assistance to HATECO Group Joint Stock Corporation (HATECO) as part of their strategic collaboration. The project intends to leverage the area's advantageous natural conditions and geographic position in order to facilitate the direct purchase and export of products between the north of Vietnam and European and American marketplac
UWL opens new office in Pacific Northwest UWL, a top 10 American-owned NVOCC, is expanding its presence in the Pacific Northwest with a new 390m² office. Duncan Wright, president of UWL, commented, "UWL and our parent company, World Group, feel the Pacific Northwest is the gateway of the future as shippers look for alternatives to the southern California ports. This new office demonstrates our commitment to growth in the region, and comp
ZIM and Shell complete the first LNG bunkering under 10-year agreement ZIM and Shell have announced the successful bunkering of the Hong Kong-flagged container vessel ZIM Sammy Ofer with liquefied natural gas (LNG) at Kingston Freeport Terminal Limited (KFTL) in Jamaica on 26 March. This is the first LNG bunkering operation in Jamaican waters. ZIM Sammy Ofer is the first in a series of ten 15,000 TEU LNG dual-fuel container ships which ZIM plans to deploy on their Z
HPH Trust implements 5G technology at its Hong Kong container terminals Hutchison Port Holdings Trust (HPH Trust) announced the implementation of 5G technology at its Hong Kong container terminals, making them the first 5G-operated box terminals in the country. According to the announcement, five 5G base stations have been installed within HPH Trust Hong Kong terminals in collaboration with CK Hutchison's telecommunications and internet service provider 3HK, enabling
AD Ports Group commences new Ro-Ro service between UAE and Kuwait AD Ports Group announced the start of a new Ro-Ro shipping service between United Arab Emirates' Khalifa Port and Kuwait's Shuwaikh Port. The new service seeks to enhance business connectivity and make the trade between UAE and Kuwait more convenient. The two countries' long-standing bilateral trade relations have seen rapid development in several important commodity markets in recent years. Acco
PIL to integrate China barge service offering into new PIL Intermodal Service PIL offers river barge service in China as part of its service options to clients who require effective transportation of their goods from ports into inland China. The Singaporean line is working to integrate its barge service offering in China as part of the newly launched PIL Intermodal Service. PIL's barge service is currently offered in 16 provinces in China, including Shandong, Jiangsu, Anhu
Samskip launches new green project to reduce emissions from its vessels Samskip has recently started a new creative project to decrease carbon dioxide emissions from its ships. Samskip's Carbon Capture and Utilization system is a smart and sustainable application that catches 30% of CO2 emissions from combustion engines in real time and saves it in portable batteries. These batteries can then be shipped to companies that use CO2, such as farming customers and greenho
Port of Rotterdam tests smart berth at ECT Following the effective testing of one smart bollard along the quay of the Hutchison Ports ECT Delta port on the Maasvlakte, the Port of Rotterdam Authority has now placed six "smart bollards". The six bollards, designed in cooperation with Straatman BV, Zwijndrecht, are installed side by side at a single berth for large container vessels. Straatman, based in the Dutch city of Zwijndrecht, has sp
Meratus introduces new smart container solution Indonesian shipping company Meratus has unveiled a new container solution, called SMARCO-Smart Container, aiming to increase the efficiency and security in box transportation. Meratus said that SMARCO's advanced Internet of Things (IoT) sensors, GPS tracking, and cloud-based technology allow businesses to have full visibility and control over their container shipments, including real-time monitor
Oakland's container volumes drop in February Port of Oakland reported another slow month for cargo traffic moving 153,837 TEUs in February, translating to a decline of 20.9% compared to the same month last year. According to the statement, domestic inventories stay high, as retail sales dropped in February, reducing cargo numbers at US West Coast ports. A strong dollar is also impeding export volumes. When retail regains its footing, the Po
Fratelli Cosulich expands fleet with MPP buy Italian diversified owner Fratelli Cosulich has bought a multipurpose general cargo vessel from compatriot owner Barone Shipping taking its fleet to 16 vessels. The Genoa-based company has picked up the 2010-built for an undisclosed sum. The 9,300 dwt unit, VesselsValue estimates as worth close to $8m, will be bareboat chartered to Argo Shipping. Fratelli Cosulich ...
Kumiai Navigation orders third LPG/ammonia carrier at Kawasaki Heavy Singapore-based Kumiai Navigation has ordered its third liquefied petroleum gas (LPG)-fuelled 86,700 cu m very large gas carrier (VLGC) at Japanese shipbuilder Kawasaki Heavy Industries (KHI) for delivery in 2026. No price has been revealed for the 230 m long vessel that will be delivered from KHI's Sakaide Works and be able to carry LPG ...
Purus Wind returns to Damen for eight wind farm support vessels Purus Wind, the offshore wind business of Julian Proctor-led Purus Marine has contracted Dutch shipbuilder Damen Shipyards for the construction of eight more offshore wind support vessels. The deal includes four battery hybrid fast crew suppliers of 2710 design, three 3210-design crew transfer vessels and one, 90-m-long construction service operation vessel (CSOV). The new ...
APM Terminals seals Vietnamese partnership Maersk's port operating arm APM Terminals has teamed up with the Vietnamese Hateco group to develop two new deepwater berths at Lach Huyen port in Haiphong City, in the north of Vietnam. Under a strategic partnership deal, APM Terminals will provide financial, operational and technical support to the project that aims to facilitate direct import ...
Aker Solutions awarded Equinor tieback contract Norway's Aker Solutions has won a contract worth up to NOK1.5bn ($142.5m) from Equinor to tie back Berling, previously known as Iris and Hades gas fields, to the Åsgard B platform in the Norwegian Sea. The engineering, procurement, construction, installation and commissioning (EPCIC) project for Iris starts immediately, and Hades in September. Offshore mobilisation will ...
Embiricos busy selling ships London Greek owner Epaminondas Embiricos's container outfit, International Maritime Enterprises, is offloading a 13-year old post-panamax, selling the Hyundai Samho Heavy built-Amoliani for some $60m, an eye-catching price for a 10-year-old, 6,900 teu ship, a price tag in line with newbuilding prices. An unidentified operator has paid a large premium for prompt delivery as available ...
Neste charters Terntank's methanol and wind ready tankers Finnish oil refiner Neste has signed a charter-in deal for a pair of Terntank's methanol and wind assist-ready product tankers booked for construction in China. The 15,000 dwt ships were ordered by Terntank, designed by Kongsberg, and will be built by China Merchants Jinling Shipyard in Yangzhou. The ships are due for delivery during the ...
EDF and Maple Power venture wins 1GW French offshore wind tender EDF Renewables and Maple Power joint venture Eoliennes en mer Manche Normandie has won a tender to develop an offshore wind farm off the coast of Normandy. The French-Canadian consortium will build a 1 GW wind farm with construction starting in 2026 or 2027 and commissioning set for 2031. The price proposed is said to ...
Liner profits smash all records The earnings before interest and taxes (EBIT) liner shipping has made in the past three years are more than the combined profits of the previous 63-year history of container shipping, according to new analysis by Sea-Intelligence. Sea-Intelligence experts have estimated the liner sector made an EBIT of $208bn last year, having racked up $164bn, and ...
Tsakos and Columbia Shipmanagement part ways Tsakos Columbia Shipmanagement, founded in 2010, has come to a close. Time has been called on the joint venture between the Greek owner and the German/Cypriot manager with Columbia set to sell its stake in the company, which will then be rebranded. The company had been providing technical and crew management to more than 60 ...
Deadly explosion rips through forecastle of Indonesian product tanker Two crew have died, and one is still missing following an explosion and fire in the Lombok Strait on an Indonesian product tanker on charter to Pertamina. The fire occurred yesterday afternoon on the Kristin product tanker, a 2003-built ship flagged and owned in Indonesia. Pertamina said so far no oil spill had been detected, ...
Davie closes in on Helsinki Shipyard purchase Davie, Canada's largest shipbuilder, is in final negotiations to buy the Russian-owned Helsinki Shipyard, a facility hit by western sanctions. "If the acquisition is successful, it would combine two historic and highly complementary businesses creating the western world's leading international centre of excellence for Arctic shipbuilding," Davie CEO James Davies said in a release. Helsinki ...
Scotland names winners of INTOG offshore wind leasing Scottish seabed landlord Crown Estate Scotland has selected 13 projects under its flagship floating offshore wind leasing process intended to reduce UK North Sea oil and gas emissions and boost innovation. Under the Innovation and Targeted Oil and Gas (INTOG) leasing, developers have been offered initial agreements that, if accepted would enable them to start ...
IMO green gathering points towards stricter regulations to come The 14th Intersessional Working Group on Greenhouse Gases (ISWG GHG 14) met last week at the headquarters of the International Maritime Organization (IMO), a loose stepping stone towards July's 80th gathering of the Marine Environmental Protection Committee (MEPC). While much was discussed, there were little signs of overarching agreement among delegates. Particular attention was focused ...
Idwal secures growth investment from LDC UK vessel inspection firm Idwal has secured a significant investment from private equity partner LDC to support the development of its proprietary technology platform and expand its global service footprint. Founded in 2010 as a division of Cardiff-based Graig Shipping, the business will, with LDC's backing, the exact value of which has not been disclosed, ...
CMA CGM dominating the container charter scene this year While Mediterranean Shipping Co (MSC) continues to dominate the container sale and purchase scene, it is Marseille's CMA CGM which is topping the liner chartering tables this year. More than 20% of all charter fixtures reported in 2023 are linked with CMA CGM, according to brokers Braemar. CMA CGM's latest target has been the 2015-built, ...
CDB Leasing picks up GasLog LNG pair CDB Leasing has purchased two liquefied natural gas (LNG) carriers from entities linked to Peter Livanos-controlled GasLog. The Hong Kong-listed leasing unit of China Development Bank is paying $284m for the 2014-built GasLog Saratoga and 2013-built GasLog Sydney, or $144m and $140m, respectively. GasLog and its New York-listed affiliate GasLog Partners will leaseback the 155,000 ...
DOF completes restructuring Norwegian offshore vessels player DOF has completed its financial restructuring with creditors taking over the company. The move saw the conversion of approximately NOK6bn ($572m) of debt into equity in 'New DOF' which has a share capital of around NOK295.6m ($37.6m) divided into 158.2m shares, each with a nominal value of NOK2.50. A new board ...
CMA CGM, COSCO and Hapag-Lloyd line up further orders Tanker and dry bulk owners thinking the odd shipyard slot might open up as liners and gas carriers ease off ordering have been given pause for thought. Maersk Broker is reporting CMA CGM and Hapag-Lloyd have approached several Korean yards for 10 and six 4,000 teu methanol dual-fuel vessels with Hyundai Mipo Dockyard deemed the ...
HMM orders three car carriers in Guangzhou HMM, South Korea's flagship carrier, is revisiting its past in a bid to diversify its fleet. The company has ordered three 8,600 ceu car carriers at GSI Nansha in China, according to Clarksons Research. The ships will deliver in 2026. No price has been revealed. HMM was a significant operator of car carriers for many ...
Canada sets framework for future decisions on offshore wind projects The Government of Canada has launched two regional assessments of offshore wind development, in Nova Scotia and in Newfoundland and Labrador, along with the government of each of the two provinces. Final agreements between the Government of Canada and the two provincial governments, along with terms of reference for the committees leading the assessments, were ...
Leasing broker faces 15-year prison sentence in China anti-corruption case Prosecution alleges founder of Smarine Advisory was involved in taking $21.9m of bribes in his former role at the Export-Import...
Suez Canal partners with Greek specialist for waste management company Plans call for joint venture also to build plants for producing refuse-derived fuel and green hydrogen
The Ukraine effect podcast: The rise of the dark fleet Chapter 1: Why Russia's increasingly sophisticated sanctions evasion tactics present a lasting risk for the wider shipping industry. Featuring Lloyd's...
Biden urged to intervene in stalled west coast labour talks The US National Retail Federation is leading a group of trade associations urging the White House to offer mediation. It...
Uncertainty weighs on dry bulk market Better steel production numbers in China support bulk carrier demand for iron ore and coking coal, as emerging banking crisis...
Shipping must adapt to retain and attract talent Employers need to adapt to a new generation of seafarers, improve internet connectivity on board ships, and invest in the...
Box terminal sector less affected by container slowdown Terminal volumes are set to reduce as demand falls back. But there are still reasons to be optimistic about the...
The week in newbuildings: Tankers prevail, while big boxship orders imminent Crude oil and product tankers have been driving the orderbook since the beginning of the year, although more orders are...
APM Terminals to partner on new Vietnam facility Hateco Haiphong International Container Terminal expects to have two berths open by 2025. Development will allow for deepsea vessel calls...
Tanker boarded by armed attackers in Gulf of Guinea While several fishing boats have been boarded in the region, this is the first time armed attackers have taken control...
Maersk agrees green methanol bunkering deal with SIPG Shanghai Port plans to be one of the world's leading ports in green methanol refuelling
The week in charts: Boxship owners push for longer charters | Coal trades add to bulker demand | Ship recycling supply falls First containerships capable of operating on hydrogen ordered, coal imports into India and China are expected to drive demand for...
Container sector earnings likely to have topped $200bn in 2022 Fourth quarter of the year reporting shows the party may be coming to an end for carriers. But full-year earnings...
Daily Briefing It is still possible for the IMO to translate climate aspiration into action | Shipowners 'forgot' how war risk insurance...
Singapore approves Hanwha's acquisition of DSME The deal has already been cleared by the UK, Türkiye, Japan, Vietnam and China
Sembcorp Marine unit facing probe in Brazil for 'irregularities' Sembcorp Marine said the yard is co-operating fully with the authorities
New bill in US House seeks repeal of carriers' antitrust immunity The legislation also aims to provide a boost for US exporters by prioritizing getting their products into foreign markets and better defending them against container rate increases and detention and demurrage fees.
US resin exports start 2023 strong, but growth outlook cloudy Recovering US supply and lower shipping costs are benefiting resin exports, but the uncertain forecast for the global economy makes the outlook for more growth a guessing game.
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APM Terminals to develop Haiphong container terminal with Vietnam's Hateco APM Terminals said the new facility would specifically target North American and European export and import markets.
German strikes over pay dispute cripple transportation network German unions demanding inflation-busting wage increases walked off the job Monday, bringing the country's transport system to a halt.
Details scant as ship attacked by pirates off Congo Reports differ as to whether the ship was boarded or hijacked
US Gulf Coast VLCCs tipped for continued strength through the second quarter BRS Group says cheap crude from the US will prompt more activity on the US to China VLCC route
Himalaya Shipping sets sights on $45m peak for New York IPO Oslo-listed outfit hopes to use cash for loan repayments and scrubber installations
'We outperformed our guidance on all measures': Carnival Corp slashes red ink Miami cruise ship giant delivers record daily passenger spending but still expects to deliver an annual loss
CMA CGM and Embiricos complete another benchmark container ship sale Greek shipowner forced to settle for much less on latest deal with French liner giant
Greek bulker buying heats up amid market revival An increasing number of Hellenic names pounce on tonnage - particularly in the bigger sizes
Eurotankers and Ancora take fat profits in great Greek tanker sell-off Crude carrier markets are the gifts that keep giving to owners of vintage vessels
Salvors hopeful of bid to rescue Lloyd's Open Form contract Historic salvage contract going through a revamp to halt its long-term decline
Australian court seals $6m sale of 'abandoned' livestock carrier Money paid into court to settle claims
Chandris bulk carrier outfit linked to newbuildings in China Hot on the heels of secondhand sales, Century Bulk Carriers may be approaching Cosco Zhoushan for fresh ultramaxes
Clarksons upbeat on tankers as 'dark' fleet estimated at 10% of total capacity Tonne-mile increase and trading 'complexities' mean owners in a strong position
Steel-hungry Economou inks bulk carrier newbuilding duo at Cosco Shipyard Greek company said to be paying more than $64m each for scrubber-fitted newcastlemaxes
Maersk Tankers ship to discharge oil after Spanish port bar The Maersk Magellan is due to start a ship-to-ship transfer outside of EU territorial waters after sanctions-busting claim
Clarksons Securities hikes VLGC rate forecasts after strong first quarter But analysts say earnings will drop into 2024 and 2025 as fleet growth catches up with buoyant sector
Victor Restis bulker holed after hitting pier in Dominican Republic Photos show hole torn in Greek supramax and damage to port infrastructure in Puerto Plata
Resurrected Davie expands into Europe with takeover of Helsinki Shipyard Canadian shipbuilder declares purchase option on plant that lost Russian icebreaker order due to sanctions
Lloyd's war underwriters reserve cash for Black Sea claims Payouts for ships trapped in Ukraine have not yet been fully resolved
Neste charters two methanol and wind-powered tanker newbuilds from Terntank Finnish oil group secures lower-emission tonnage from Swedish owner for 2025
Tanker conditions strong for several years before shipyard slots fill Older tankers remain in service longer to tap Russian market tempering low in newbuilding deliveries
Doric Shipbrokers co-founder Mouyis joins Navios Partners board as Zisimatou retires Greek owner welcomes back former director of Navios Midstream and Navios Containers
Two seafarers die on Pertamina-chartered tanker after fire off Indonesia The Kristin is being towed into port after incident off Lombok on Sunday
MSC is scrapping another container ship, but where is the promised tsunami? Although ship recyclers are hungry for container tonnage, the liner sector is not selling
International bidders line up to grab Hyundai LNG Shipping Questions resurface about future of South Korean company's six on-order LNG newbuildings for Petronas
CTM takes Tokyo by storm with post-Covid cocktail bash After cancelling in 2020 (for obvious reasons) the bulker manager threw a reception to toast Japanese relations
Sembcorp Marine's Brazil yard probed for 'alleged irregularities' Singapore company says Estaleiro Jurong Aracruz is co-operating fully with the authorities
Delta Cargo cranks up refrigeration at JFK airport Delta Air Lines is putting more resources into temperature-controlled cargo services because they pay off.
Trans-Atlantic container rates still double pre-COVID levels A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
Triple threat of trade and the outlook for rest of year The health of the consumer is the engine that drives trade and profits. To gain insight into this, you need to look at the logistics pipeline.
Milwaukee airport to build cargo hub with private financing Milwaukee airport wants to redevelop a former Air Force reserve base into an air cargo hub. Officials believe they can capture some shipments from Chicago O'Hare airport.
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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