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JUNE 28, 2023

In the local heroes' network Stepping into Switzerland anew Third Euro Dual to upgrade fleet Waberer's lowers average truck age Girteka continues modernisation strategy Allcargo group: key changes after demerger Agreements for two new vessels Global Crossing gets second A321 freighter E-mixer delivers green concrete in London Delivery specialists merge in Spain Aldi Nord expands logistics training courses Swissport opens new cooling facility in Dublin Historic moment for APM Terminals Apapa UP to serve new industrial park A contract to deliver 1.8 million footballs Smarthop welcomes Jay Hinson Nordic carrier digitally increases efficiency "Curiosity of the Day" Adding Cleveland and Columbus

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JUNE 27, 2023

HMM goes it alone on Asia-Med - 'clearly the strongest trade' 'Give it to MSC!' Mundra disruption sapping service reliability, say box carriers Legal wrangle over Western Global finances as airline eyes bankruptcy EXCLUSIVE: Global head of key logistics vertical leaves Mærsk Safer shipbreaking a reality after Bangladesh signs up to HK convention Caucasus countries in joint-venture to slash China-Europe rail transit time Pharma supply shortages drive calls for more integrated supply chains DHL Group - a 'sustainable' bonding experience Evergreen consolidates container shipping assets amid family feud

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JUNE 27, 2023

Navy takes delivery of first Flight III destroyer The Navy accepted delivery of the future guided missile destroyer USS Jack H. Lucas (DDG 125), its first Flight III destroyer, from Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division on June 27. Kitack Lim calls for "ambitious and bold" IMO GHG strategy IMO's Marine Environment Protection Committee will hold its 80th session (MEPC 80) in London, July 3-7, 2023. Among key agenda items, MEPC 80 is expected to adopt an upgraded IMO greenhouse gas Equinor joins green ammonia bunkering study team Norwegian plans for a green ammonia bunkering network first announced in April 2022 are making progress. State-owned energy giant Equinor has become a partner in the "AFNO 2030 - Ammonia fuel for Maersk and Stena Line press ahead on methanol fueling The move to methanol continues. Yesterday, Maersk announced it had placed an order for six mid-sized containerships with dual-fuel engines able to operate on green methanol. Today, Wärtsilä announced that it has

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JUNE 27, 2023

Kalmar electric trucks to boost sustainability of BJB Lift Trucks fleet in UK Kalmar has agreed to provide 15 medium electric forklift trucks to UK material handling equipment (MHE) supplier BJB Lift Trucks. The order was placed in the 2023 Q2 order intake of Kalmar's mother company Cargotec, with delivery scheduled for the fourth quarter of the year. BJB is a market leader in MHE solutions in the United Kingdom. The firm, headquartered in Grimsby in the country's East Mid New study recommends new methods for design and operation of ammonia-fuelled ships The Lloyd's Register (LR) Maritime Decarbonisation Hub and the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping conducted a joint study into ammonia safety onboard ships, which discovered that a variety of mitigation methods, from ship design to crew training and operations, are required to keep toxicity risks to the crew within published tolerable limits. "Recommendations for Design and O APM Terminals ramps up automated straddle carrier testing in Denmark Shanghai Zhenhua Heavy Industries (ZPMC), a manufacturer and carrier of port equipment, has provided APM Terminals with two extra automated straddle carriers as part of a first-of-its-kind trial project in a real terminal setting at the Aarhus yard in Denmark. The additional carriers will join forces with the initial prototype, which was already introduced in the beginning of 2022. "We are proud TotalEnergies signs clean energy agreements TotalEnergies signs agreement with Petronas and Mitsui to develop a carbon storage project in Southeast Asia and also with Gentari Renewables Sdn Bhd, the clean energy solutions company of Petronas, to develop renewable energy projects in the Asia Pacific region. Petronas, Mitsu and TotalEnergies will jointly evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers an New leadership at Bureau Veritas Following the Annual Shareholders' Meeting on 22 June, the Bureau Veritas Board of Directors has voted to nominate Hinda Gharbi as Chief Executive Officer of the company, following Didier Michaud-Daniel. "The Board of Directors of Bureau Veritas would like to express its sincere thanks to Didier Michaud-Daniel for the tremendous work he has accomplished at the Group over more than 10 years and th Jam on Singapore road after container truck overturns A container truck overturned on its side on a Singapore road in the early afternoon (local time) on 26 June, causing it to be closed to traffic for seven hours. Footage from nearby vehicles and Facebook group SG Road Vigilante showed that the truck appeared to swerve to avoid another container truck in front of it. However, the truck crashed into the road divider and flipped on its side, resultin MSC eyes more orders for 8,000 TEU ships Mediterranean Shipping Company (MSC) is reportedly up for another round of newbuilding orders as mainline operators rush to beef up their fleets with "green" vessels. MSC has reportedly asked several South Korean and Chinese shipyards for price quotes for 8,000 TEU ships to be dual-fuelled with methanol or LNG. The number of vessels the Swiss-Italian carrier is ordering has yet to be confirmed. T CMA CGM announces new congestion surcharges in Algeria and Turkiye CMA CGM has announced new port congestion surcharges (PCS) in Turkiye and Algeria due to continuing delays in between congestion/waiting time plus berth time on the current vessels berthing sequences. As a result, laden cargo lead-time is being increased, empty equipment re-loading / repositioning frequency is affected and operating costs are rising, according to the French carrier. Thus, CMA CGM Grimaldi introduces greenest ro-ro ships in the world on intra-Europe line The regular ro-ro line operated by the Neapolitan shipping group Grimaldi between Venice, Bari and Patras is being served by two of the company's "green giants", the hybrid vessels Eco Catania and Eco Malta, starting from 26 June. Grimaldi group, in synergy with the Port System Authorities of Northern Adriatic Sea, Southern Adriatic Sea and the Greek port of Patras, will enhance maritime intermod Spark and Hutchison Ports ink agreement to develop dry port and bonded logistics zone in Saudi Arabia King Salman Energy Park (SPARK) and Hutchison Ports have announced the signing of the concession agreement to manage and operate SPARK's dry port and bonded logistics zone (Dry Port). The concession was awarded to a newly established joint venture, Energy City Logistics Company (ECLC), between SPARK and Colour Path Holdings Limited, a Hutchison Ports company. SPARK is a 50 km 2 global energy hub Plans for first green hydrogen production plant in Duisburg port unveiled Lhyfe, producer of renewable green hydrogen, and duisport, the owner and management company of the Port of Duisburg, collaborate to investigate the feasibility of building the first major electrolysis plant in the German port. Duisburger Verkehrs- und Versorgungsgesellschaft (DVV - Duisburg transport and supply authority), Wirtschaftsbetriebe Duisburg (WBD - public company for cleaning, collectio PSA Venice, North Adriatic Sea Port Authority extend concession by 25 years PSA Venice has agreed with the North Adriatic Sea Port Authority (AdSP) the extension of the existing concession by 25 years. The new contract will begin on 1 October 2024 and will last until 1 October 2049, while the original 25-year concession dates from 1997. The global port and terminal operator PSA said it will invest around US$86 million in the Italian container terminal, of which over US$6 HMM announces new service linking Far East, India and Mediterranean South Korea's major ocean carrier HMM will launch a new service connecting Far East Asia, India and the Mediterranean Sea (FIM) aiming to deliver more comprehensive transportation options in these regions. The service is expected to commence from the port of Busan in South Korea on 6 August, and the round trip will take 84 days. The 11,000 TEU boxship HMM Blessing will be the first vessel for thi Port of Mombasa handles around 650,000 TEUs so far in 2023 The port of Mombasa in Kenya recorded 648,692 TEUs for the period January-May 2023 compared to 595,319 TEUs during the same period in 2022, an increase of 53,319 TEUs or 9%. This performance means that the Port of Mombasa is on track to achieve annual container traffic of 1.48 million TEUs by the end of the year. Moreover, during the previous three months, the average container stay time decrease COSCO and NX SHOJI pen low-carbon marine energy deal COSCO SHIPPING and NX SHOJI recently signed a strategic cooperation agreement to jointly accelerate the progress of low-carbon green marine energy by leveraging used cooking oil (UCO) as a biofuel feedstock to provide a steady supply of this eco-friendly fuel to the marine energy market represented by Japanese ports. COSCO SHIPPING said it has shown commitment to develop a greener future with low

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JUNE 27, 2023

Thinking differently about windfarm deployment logistics By combining a flat deck barge with HLP's new ring crane concept, project developers can reduce costs and timescales, writes Alex Fyfe, managing director at UK's Heavy Lift Projects (HLP). The global demand for energy derived from windfarms will see turbine deployments grow to reach 320GW by 2030 and 1,800GW by 2050. In 2030 alone ... Toro ships out veteran tanker for $17m profit Nasdaq-listed tanker and LPG owner Toro has landed another massive profit from the sale of an elderly tanker bought in 2021. The spinoff of Cyprus-based Castor Maritime has confirmed offloading its nineteen-year-old aframax LR2 for $28m, deal brokers earlier reported in the $30m range. The transaction, expected to close in the third quarter, is expected ... Eastern Pacific Shipping forks out nearly $76m for five-year-old suezmax Idan Ofer-controlled Eastern Pacific Shipping has jumped on Elandra's modern suezmax tanker, paying a hefty price of nearly $76m. Multiple industry sources have reported the Singapore-based diversified owner taking the 2018-built from the Vitol-backed outfit for around $75.5m. The ship was bought by Elantra from Restis family tanker vehicle Golden Energy Management as Energy Trophy ... Performance Shipping charters aframax to ST Shipping Nasdaq-listed Greek tanker owner Performance Shipping has entered into a time charter contract with ST Shipping & Transport for an LR2 aframax oil product tanker. Performance Shipping said that the vessel in question was the 2010-built, 105,304 dwt and that the deal was made via its wholly-owned subsidiary. The vessel joined the company's fleet in ... Six brokers from bankrupt Lorentzen & Co join Affinity Richard Fulford-Smith-led broking firm Affinity has hired six former employees of Lorentzen & Co which declared bankruptcy after over 100 years in business. The former Lorentzen staff joined Affinity's bulker-oriented entity, Affinity Dry Bulk, and will establish the company's new New York base. According to a LinkedIn post by Affinity Dry Bulk's director Hans Bredrup, ... Scorpio Tankers fixes $1bn financing for 45 ships Monaco-based Scorpio Tankers has clinched a financing deal for 45 ships worth $1bn. The New York-listed owner and operator of 113 tankers has tapped a group of banks to finance currently unencumbered vessels, or those financed through loans and financial leases, which carry higher margins. The deal, expected to close in July, is structured around ... TotalEnergies enters methanol bunkering study in Singapore French fuel supplier TotalEnergies Marine Fuels and Green Marine Bunkering have entered a memorandum of understanding on a joint development study on methanol as a new marine fuel in Singapore. The two companies will study the feasibility to implement a viable methanol bunkering supply chain in the country. Shipowners are increasingly interested in methanol as ... Hinda Gharbi takes the helm at Bureau Veritas French class society Bureau Veritas (BV) has appointed Hinda Gharbi as chief executive officer, succeeding Didier Michaud-Daniel, who has held the position for over 11 years. Gharbi joined Bureau Veritas as chief operating officer in May 2022 and became deputy CEO in January this year. Before BV, she worked for energy sector services giant Schlumberger, ... Petrofac scores $318m contract extension with NEO Energy UK offshore services firm Petrofac has sealed an extension to its integrated services contract with NEO Energy worth £250m ($318.4m). The deal will see Petrofac continue to deliver operations, maintenance, engineering and construction support for NEO Energy's UKCS-based floating production storage offtake (FPSO) vessel, . Current forecasts expect the asset to remain fully operational until ... K&O Ship Management emerges as another Dubai name linked to dark fleet Another Dubai shipmanager has emerged for European politicians to investigate and target when further Russia sanctions are discussed. In February, the European Union put sanctions on Sun Ship Management, the Dubai-based manager of the Sovcomflot fleet. However, another Russian front company has emerged in Dubai with links to Sovcomflot. K&O Ship Management, based on the ... American funding agreed for Greek shipyard The US Congress has approved $125m in funding for Elefsis Shipyards, located near Piraeus. The US International Development Finance Corporation (DFC), America's development bank, will provide the loan to ONEX, the company which owns the shipyard which is going through a restructuring after suffering many years of high debts. ONEX is controlled by Panos Xenokostas ... Danaos questions Eagle Bulk's poison pill decision Greek containership owner Danaos, the largest shareholder of Eagle Bulk Shipping, has questioned the company's move to adopt a poison pill in a letter it sent to Eagle Bulk's board of directors. Last week, Eagle Bulk bought Oaktree's 28% stake in the company for $219.3m via a repurchasing program and adopted a shareholder rights plan ... Tomini makes first cape foray Tomini Shipping has again added to its fleet of dry bulk carriers with the purchase of its first cape. The Dubai-based shipowner and operator has taken delivery of the 2014 Chinese-built 179,800 dwt from Valhal Shipping for a reported price of $34m. The Hamburg-based exclusive agent of Greece's Enesel Group's dry bulk activities picked up ... Libra unveils space leasing business George Logothetis-led Libra Group has launched a new division. Libra, which runs Lomar Shipping, has unveiled the world's first space leasing company. Building on Libra's 20 years of aviation leasing experience, Space Leasing International (SLI) will own and lease assets critical to the space economy. SLI's first investment includes the construction of a ground station ... Saipem picks up pair of drilling contracts worth $550m Italy's Saipem has won two new offshore drilling contracts worth a total of around $550m. The first contract will keep the 2008-built jackup rig Perro Negro 7 working in the Middle East for 10 more years The Milan-headquartered firm said the 10-year extension is a record duration in the area, which in the past had ... Number of Norwegian offshore workers threatening to strike later this week rises to over 1,600 The number of Norwegian offshore workers set to go on strike on June 29 without a new wage deal in place has risen to 1,644 after members of Safe joined two other labour unions. Safe told the National Mediator of Norway and the Norwegian Shipping Association that 637 of its members would be going on ... Project launched to establish ammonia bunkering for Norwegian offshore sector Norway's Equinor has launched a project with fellow technology firm Azane Fuel Solutions to showcase how clean ammonia can be introduced as a fuel to decarbonise the Norwegian offshore sector. Azane, a joint venture between ECONNECT Energy and Amon Maritime, said the project will focus on optimising the value chain for ammonia, from production to ... TechnipFMC wins more work in Angola with Azule Energy Offshore contracting giant TechnipFMC has been awarded a significant contract by Azule Energy to supply subsea production systems for the Block 18 Infills development offshore Angola. This is TechnipFMC's first subsea production systems contract with Azule Energy and follows the announcement of a flexible pipe supply contract for Azule's Agogo Integrated West Hub Development. The ... Vogemann orders capes in Dalian German owner Vogemann has contracted Hengli Shipbuilding in Dalian to build four 180,000 dwt capesizes as well as four kamsarmaxes, according to Allied Shipbroking. The capes will deliver in 2025 and 2026 with VesselsValue suggesting they are costing $63.5m each. The cape orders mark the return of large ship construction for Hengli Shipbuilding, a yard ... Ship recycling convention enters into force finally After 14 years since adoption by the International Maritime Organization, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) has successfully been ratified and will enter into force in June 2025. Bangladesh, one of the principal ship recyclers in the world, and the Liberian Registry, the world's ... New sail device launched in Japan Fukuoka-based Eco Marine Power (EMP) announced today that it has developed a new type of sail device for ships. This sail device known as a Sailet can increase the propulsive forces created by EMP's patented EnergySail and can also be used as a stand-alone sail-assisted propulsion or energy-saving device. Additionally, it can be used as ... Singapore magazine launches assessing the strengths and weaknesses of the preeminent maritime hub of the 21st century Splash takes a typically unflinching view on the pros and cons of this vibrant Asian city-state in the latest market report to launch from our fast-growing magazine stable. Singapore's maritime mantelpiece needs reinforcement, groaning from all the trophies, accolades and awards lavished towards the Lion Republic, the preeminent shipping hub of the 21st century. Singapore ... Singapore Market Report 2023 To get a glimpse of where shipping's future is headed there's no better place to dive into than Singapore, continually voted as the world's greatest maritime hub. Splash brings readers exclusive coverage of how this Southeast Asian nation is tackling the biggest issues facing maritime as well as assessing the weak points this city-state has ...

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JUNE 27, 2023

Warning for UK shippers ahead of Customs change Export declarations will change to a new system on November 30. Forwarders are being urged to prepare to avoid a... Scorpio receives $1bn credit facility commitments Credit facility will be used to finance 45 product tankers that are either debt-free or financed through credit facilities or... Danaos blasts Eagle Bulk's repurchases of $219m Oaktree shares and poison pill adoption Danaos Corporation, which recently amassed a double-digit stake in Eagle Bulk, is slamming Eagle's use of debt to finance the... What is a cash-rich boxship owner to do? Owners who piled up funds from container shipping boom now have the puzzle of what do with the cash, since... IMO's GHG strategy: Is the gap between reality and aspiration closing? Environmental groups including Transport & Environment and Seas at Risk, called on the IMO to reduce shipping emissions by 50% by 2030... Ineos enters LNG sector with newbuilding charters from MOL British chemical group Ineos says it will capitalise on its experience in ethane gas transportation to develop a 'pipeline' of... Evergreen moves to consolidate box shipping assets With the acquisition, Evergreen Marine Corp is expected to own nearly 100% of Evergreen Group's self-owned fleet Containers: Box shipping keeps an eye on capacity as weak peak season looms Supply is set to outstrip demand by some margin over the next two years; the question is whether container lines... VLCC rates come under pressure The time charter equivalent on the Baltic Exchange plunges 62% in a week to close at $20,006 per day Yangzijiang Shipbuilding exceeds full-year order target in six months Total outstanding orderbook reaches record high to $14.6bn for 180 vessels. The shipbuilder secured maiden order for methanol dual-fuel containerships... Stena to retrofit more ro-pax ships for methanol fuel Swedish ro-ro cargo and ro-pax ferry operator has commissioned Wärtsilä to retrofit existing vessels in its fleet from 2025. They... Big deficit at London Club after 'challenging' year International Group affiliate still spending five dollars on operating costs and payouts for every four dollars of premium income Upskilling seafarers 'critical to tech progress', says Transport 2040 report A second report from the Transport 2040 project moves from the changing nature of global transport to the technologies and... Varvitsiotis named new Greek shipping minister Varvitsiotis has international experience required for key job in an industry that now has to deal with headaches, such as... Philippine president commits to upskill seafarers for maritime transformation Delegates at the Shaping the Future of Shipping: Seafarer 2050 summit highlighted requirements for a successful transformation of seafarers' roles... Daily Briefing Policy bank parent puts CDB Leasing up for sale | The week in newbuildings: Maersk and CMA CGM boost total... Co-operation needed on lithium-ion battery carriage risks The power density of rechargeable batteries has increased significantly. As more units enter the supply chain, regulations may need to... Carrix to acquire Ceres Terminals from Macquarie Move will expand Carrix subsidiary SSA Marine's footprint in the Atlantic and US Gulf coasts, where the bulk most of... Boxship fleet to hit 30m teu by 2025 Box shipping's buying spree has brought forward the next significant milestone in fleet development. A move to larger, eco-friendly vessels...

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JUNE 27, 2023

Intermodal providers slash rates for low-volume shippers to boost business Union Pacific and BNSF partner COFC Logistics are cutting contractual rates on low-volume shippers through the end of the year in a bid to spur demand in a weakened domestic intermodal market. Nuvocargo rides Mexico-US freight surge to land fresh investment Nuvocargo will use the new funding to expand its service footprint to all major over-the-road border crossings between the US and Mexico. How to configure global Elastic IP What to consider when assigning global Elastic IP to BGP or Equinix Metal API Nuvocargo rides Mexico-US cargo surge to land fresh investment Nuvocargo will use the new funding to expand its service footprint to all major over-the-road border crossings between the US and Mexico. Yellow sues Teamsters for $137 million, citing 'breach of contract' The largest unionized trucking employer in the US is taking its restructuring fight with the Teamsters to court, claiming union leadership is agitating for its demise. New HMM service covers strong Mediterranean, India markets Solid demand from both regions has encouraged the carrier to deploy its own vessels on the Asia-Med trade lane. Chain.io invites out-of-network providers to build connectivity to its integration customers Chain.io CEO Brian Glick's initial vision for the company centered around the idea of making logistics system connectivity open to all vendors to allow shippers and logistics companies to better utilize their software. Small, mid-sized US shippers find falling trans-Pac spot rates hard to ignore With most new trans-Pacific service contracts in effect only since late May, container lines are already nudging shippers to meet their minimum quantity commitments instead of taking advantage of spot rates that have been cratering for approximately three weeks, sources say. Maersk adds six ships to expanding methanol order book Methanol will play a leading role in enabling the carrier to meet both its interim and long-term emissions reduction goals as it charts a course for decarbonization.

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JUNE 27, 2023

Jefferies puts Maersk and Hapag-Lloyd on 'hold' amid mixed outlook for container sector US retail sales may outpace inventories, but significant newbuilding capacity is on the way, analyst says OceanPal regains Nasdaq compliance after carrying out second reverse stock split New York-listed ship0wner's share count falls to 1.26m from 102m in less than a year Costamare buys first capesize as GoodBulk whittles down fleet Chartering-in other people's capesizes may have encouraged Greek shipowner to buy one outright as well Performance Shipping locks in aframax to Glencore at base rate of $45,000 Greek owner can also benefit from upside through profit-sharing deal Ineos finally confirms charters on MOL's LNG newbuilding duo Deals mark chemical carrier giant's entry into LNG shipping sector A job transformed: Klaveness master and cadet explain how life is changing for seafarers Captain Robert-Dragos Valcica and engineer Mary Jane Enhambre Siy Chuan say new skills are constantly needed to keep up with modern shipping industry Nigeria's crude exports to become a 'trickle' when mega refinery hits full steam BRS Group says product tanker trade from European refineries to Nigeria will be decimated when Africa's largest refinery fully opens Tanker prices could be stabilising as first modern suezmax changes hands, says Cleaves In the first deal of its kind this year, a 2008-built suezmax moves for $75.5m Dreyfus cuts shipping emissions as it targets 15% tonne-mile reduction Trader has worked closely with shipowners US investors can separate 'crap' from quality, Gram's Georg Whist says after OTC listing Chief executive believes decades of experience, governance, transparency and a generous dividend policy will help Gram Car Carriers appeal to the US investor Evergreen shells out $780m for privately-held Singapore division Deal sees consolidation of container shipping assets into Taiwan-listed vehicle Havila Kystruten ditches $356m bond sale as lenders step in for refinancing Saevik-owned group exploring alternative options to fund new cruise ferries delayed by sanctions red tape Scorpio Tankers seals $1bn debt package secured by 45 vessels 'Oversubscribed' banks deal features revolver and term loan to run at Sofr plus 195 basis points Greek shipowners top 2023 tanker sale charts as ships go to Russia trade Broker Xclusiv reveals MR vessels are still the most in-demand against backdrop of high asset prices Tanker approached by skiffs armed with assault rifles and machine gun off Yemen Malta-flag ship takes evasive action as security guards stood ready Merged NorthStandard settles into 'best market in the world' Greece carries special weight in merged P&I giant's book Greek shipowners top 2023 tanker sale charts, but dropoff in activity seen Broker Xclusive reveals MR vessels are still the most in-demand against backdrop of high asset prices Ocean Rebellion demands 50% cut in emissions by 2030 at IMO demonstration Protest takes place just as delegates sit down to discuss raising decarbonisation targets Putin extends Russia oil sales ban to price cap backers Measure is seen as largely symbolic after the EU banned imports of crude and products Affinity Shipping snaps up dry-cargo brokers from bankrupt Lorentzen & Co New hires mean that Affinity will have a new dry-bulk presence in New York Chartering discussions progressing on second Fratelli Cosulich LNGBV New LNG and marine gas oil bunker vessel for Europe named at ceremony in China George Logothetis' Libra Group aims for orbit with new space leasing business Owner of Lomar Shipping to build and own ground stations and other assets to tap into projected $1 trillion space economy Ammonia review finds risks to crew can be kept to a 'tolerable level' Technical and safety training measures are identified in collaboration between Maersk Mc-Kinney Moller and Lloyd's Register decarbonisation centres Hinda Gharbi breaks the class society 'glass ceiling' to lead Bureau Veritas Energy specialist fast-tracked to top job after just over a year at the French giant After 14 years, global recycling rules enter into force as Liberia and Bangladesh sign up After a long wait, the international ship recycling industry will finally be regulated globally Japanese oil trader returns to South Korea's K Shipbuilding for chemical tankers Nakagawa Bussan inks two 6,600-dwt vessels for about $42m Klaveness squeezes digital deal out of juice tanker owner Citrosuco Norwegian group to partner with orange juice producer to optimise its supply chain Ammonia momentum builds as Equinor, Azane, Yara and Bunker Holding reveal deals Norwegian and Danish groups collaborating on building a green fuel supply chain Bureau Veritas appoints Hinda Gharbi as chief executive Energy sector specialist fast tracked to the top job after just over a year at the French TIC giant Wartsila scoops deal to convert Stena Line ferries to methanol Swedish owner is aiming to switch to renewable fuels by 2030 Gulf of Guinea navies warn of 'credible' piracy threat to ships Criminal group active in waters off Nigeria, Cameroon and Equatorial Guinea Singapore's Beng Kuang Marine sells another slice of Batam shipyard SGX-listed company has raised almost $14m in the last couple of months from asset sales 'Inherently unfair': Danaos slams Eagle Bulk poison pill, Oaktree buyback Greek Eagle Bulk shareholder asks managers to explain their defensive tactics and speaks of 'preferential' deal with Oaktree Capesize bulker sector has a new player: Dubai's Tomini Shipping Named after the second-highest mountain on Earth, Tomini K2 marks a giant increase in size for the Tomini fleet Eastern Pacific Shipping secures employment for Japanese newbuilding quartet But Zim is looking to terminate charters early as container ship market loses steam Japanese yards sit on biggest order backlog in years as owners grab delivery slots Major dry bulk shipbuilders secure an unprecedented three years of forward cover NYK readies $1.4bn transition bond as it wins cable-layer deal Huge Japanese shipowner raising more money to accelerate on the road to zero carbon Spurious alarms and planning errors blamed for Australian cargo ship grounding Accident report shows how traffic monitoring officer was overwhelmed by false alerts

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JUNE 27, 2023

O'Hare airport cargo terminal opens without taxiway for aircraft A developer has completed a sophisticated cargo terminal at Chicago O'Hare airport. The tenant has moved in. But cargo planes can't pull up to load and unload because of construction delays for a new taxiway.