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JANUARY 3, 2024

JNPA celebrates exceptional 6.35 million TEUs in Calendar Year 2023 PSA Mumbai becomes India's first 100% renewable powered container terminal Movement of ex-im containers at key terminals/ports at a standstill due to transporters' agitation: CFSAI AIMTC urges govt to reconsider new Hit & Run law Allcargo & Speedy CFS, Mundra collaborate for beach clean-up at Mandvi APSEZ's cargo volumes surge all-round APSEZ subsidiary seeks to set up aircraft leasing unit at GIFT City Tonnages in Q4 2023 closing at +3% Year-on-Year Emirates SkyCargo to continue flying high in 2024 Customs Brokers Licensing Examination, 2024 on March 19 An eventful year for the Ministry of Ports, Shipping and Waterways

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JANUARY 2, 2024

VIDEO: Chinese-built Adora Magic City starts maiden cruise China's first domestically-built large cruise ship, Adora Magic City, sailed on its maiden voyage January 1. Adora Magic City was built by CSSC's Shanghai Waigaoqiao Shipbuilding for Adora Cruises Limited, which was Cargo hold fire breaks out on ship carrying lithium-ion batteries A 410-foot vessel carrying a cargo that included lithium-ion batteries was today safely moored in Broad Harbor, Alaska, after a response that began when it reported a cargo hold fire at 4.40 Shell awards Seatrium contract for Sparta FPU Following its final investment decision (FID) to go ahead with the Sparta deepwater development in the U.S. Gulf of Mexico, Shell Offshore has awarded Singapore's Seatrium a contract to construct and integrate

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JANUARY 2, 2024

ONE introduces Japan Taiwan Cat Lai (JTC) service Ocean Network Express (ONE) has unveiled its latest service - the Japan Taiwan Cat Lai (JTC) service. JTC is designed to offer customers enhanced connectivity through new direct services, ensuring swift transit times, notably just four days from Tokyo to Taipei/Taichung. The boxship Interasia Pursuit is scheduled to dock in Tokyo on 22 January 2024, kickstarting this new weekly service. The port CMA CGM implements PSS from Asia to North Europe and Mauritius The French carrier announced the following Peak Season Surcharge (PSS) from all Asian main ports to North Europe including Scandinavia, Baltic States and Poland Cargo. The PSS will apply only to Reefer cargo and the costs will amount to US$500 per 20' and US$1,000 per 40'. Furthermore, CMA CGM launched a new PSS from all Asian main ports to Port Louis (Mauritius) and will be in effect from 1 Janu CMA CGM introduces new PSS from Middle East Gulf CMA CGM introduces a new Peak Season Surcharge (PSS) for shipments from the Middle East Gulf to North Europe (including Scandinavia, Baltic States, and Poland), West Mediterranean, and North Africa. The new PSS, applicable to dry, OOG, and paying empties cargo types, will take effect from 8 January 2024 (loading date). The surcharge amounts to US$1,000 per 20' container and US$1,500 per 40' conta PAV grants authorization to 'Consorcio València 2007' The Board of Directors of the Port Authority of València (PAV) made two crucial agreements aimed at ensuring the uninterrupted and legally secure development of nautical activities in La Marina during the ongoing liquidation process involving "Consorcio València 2007 En Liquidación. The first agreement, titled "Maintenance of the authorisation of the CONSORCIO VALÈNCIA 2007 IN LIQUIDATION (Code A San Antonio Terminal welcomes two Neopanamax ship calls San Antonio Terminal Internacional (STI), a port operated by SSA Marine and SAAM Terminals, achieved a noteworthy milestone with simultaneous calls from the 366-meter-long vessels, Maersk Essen and MSC Valentina. This marks the second occurrence of such a milestone in the port's history. The record was further embellished as the MSC Bianca Silvia, also measuring 366 meters, joined in for a third

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JANUARY 2, 2024

Ethiopia eyes Berbera as primary port Landlocked Ethiopia is looking at Berbera rather than Djibouti as its primary port for exports and imports. Abiy Ahmed, the country's prime minister, yesterday signed a memorandum of understanding with Somalia's breakaway region of Somaliland to use its Red Sea port of Berbera. Somaliland would in return get a share of state-owned Ethiopian Airlines. Shipping starts shelling out for EU Allowances The largest regional green regulations in the history of shipping came into effect yesterday with the industry included in the European Union's emissions trading system ( EUETS), a market-based measure that sets a cap on allowed emissions. From yesterday, vessels visiting EU ports will be required to offset their applicable CO2 voyage emissions through the ...

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JANUARY 2, 2024

'Red hot' tanker rates arise from Red Sea shipping risks 'Stakes are rising now that blood has been shed in the region' says shipbroker Braemar's head of research Henry Curra Maersk suspends Red Sea transits until further notice Maersk is again suspending operations in the Red Sea following attacks on Maersk Hangzhou at the weekend. It had halted... Galaxy Leader crew yet to be released despite reports Galaxy Leader's registered owner said it is still trying to secure the crew's release despite earlier reports it was 'imminent' Ship recycling volumes in 2023 lowest since 2007 Tanker recycling volumes by gross tonnage declined by 81% in 2023 while the sale of bulk carriers for scrap more... Lars-Christian Svensen named CEO at Golden Ocean Golden Ocean's board has given Lars-Christian Svensen the role of chief executive on a permanent basis. He has been serving... Why other industries will now pay global minimum tax (and shipping won't) Inclusion in new regime would have ended relatively soft treatment enjoyed for many years by owners in many countries, and... Asia-Europe boxship freight rates more than double after Houthi attacks Container lines most affected by geopolitical unrest in Red Sea, with surcharges as high as $2,000 per teu announced to... EBRD to lend $33m for Turkish port expansion EBRD continues to provide funding for Turkish maritime upgrades.The bank recently announced a new programme to support Turkish terminals' modernisation Synergy and Wisdom Marine team up on technical management Deal may further raise Synergy's status among elite global shipmanagers, as the top positions remain highly contested The week in newbuildings: Dry cargo and tanker ordering frenzy concludes 2023 orderbook Cosco Group subsidiaries pen orders for one medium range, two panamax and three long range two tankers together with a... Shenzhen port invests in new auto export facilities for BYD The new project is specifically dedicated to supporting BYD's thriving automobile exports Daily Briefing Houthi attack prompts Maersk to slow Suez transits | China sets out strategy to dominate green shipbuilding | US targets... Houthi attack prompts Maersk to slow Suez transits In an updated diversion schedule on January 1, the number of Maersk vessels involved rose from 152 announced on December...

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JANUARY 2, 2024

Asia-US container spot rates surge on Red Sea vessel diversions The upending of regular transits to the US East and Gulf coasts through the Suez Canal has prompted ocean carriers to issue rate increases to cover higher operating costs. FMC should guard against carrier 'profit center' from Red Sea surcharges: AgTC chief With ocean carriers rushing to the FMC to seek waivers of the 30-day notice period required to implement surcharges linked to the Red Sea crisis, the head of a major US shipper group says the commission should require carriers to provide more transparency around the additional costs the charges are meant to cover. Domestic intermodal recovery forecast to continue after 2023 decline Although the 2023 peak season was more muted than during the COVID-19 pandemic, the overall decline was not as severe as some feared. Asia-Europe ocean rates hit 14-month high after Red Sea attack on Maersk ship There remains little clarity on carrier plans to resume Red Sea transits following Sunday's dramatic action by the US Navy to repel an attack on a Maersk container ship. Trans-Pacific volumes poised for slow growth after down year in 2023 Global container ship overcapacity will compel carriers to increase blank sailings and service cuts to keep a floor under rates, which means shippers are likely to continue to see poor on-time performance on eastbound trans-Pacific services.

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JANUARY 2, 2024

Maersk once again halts Red Sea transits 'until further notice' after Houthi attack Danish carrier suspends transits for a second time in a fortnight pending probe into deadly incident Crew kidnapped in Gulf of Guinea tanker hijacking Whereabouts of multiple crew is currently unknown, according to security sources Red Sea crisis pushes spot rates to highest level in more than a year Latest black swan event pushes spot rates up 150% New SSI CEO Jones set to shine a light into shipping's dark places Seafarer Happiness Index founder takes helm at Sustainable Shipping Initiative: promising fight for seafarer rights and sustainability Red Sea danger fails to spook MOL amid car-carrier crunch But the company is prepared to detour if attacks escalate Japan quake: Five dead in coast guard plane crash Plane was carrying emergency aid at the time of the collision in Tokyo Wisdom Marine bulker carrying lithium-ion batteries is 'stable' after fire off Alaska Coast Guard says there is no indication of heat around cargo hold Wisdom Maritime bulker 'stable' after lithium-ion battery fire off Alaska US Coastguard says there is no indication of heat around the cargo hold Cosco's giant dual-fuelled ore carrier order linked to Vale Shipping sources believe the methanol dual-fuelled Guaibamaxes have been earmarked for Vale cargoes Union Maritime grows orderbook with tanker spree Latest bookings lift Laurent Cadji-led company's workload to 20 ships Tufton-backed Stainless Tankers appoints new finance chief Chemical tanker owner names Irene Michael Adora Magic City maiden voyage puts China firmly in the cruise ship newbuilding game Delivery raises question on how quickly Chinese yards will break the European monopoly on cruise newbuildings Cedar LNG swoops on berth at South Korean yard ahead of rivals Canadian company named as inking its $1.5bn FLNG newbuilding at Samsung Heavy Industries John Fredriksen picks new permanent leader for bulker giant Golden Ocean Bulker owner appoints Lars-Christian Svensen as new chief executive 'Bring it on': IMO's new head prepares to tackle rifts, wars and shipping's green mission Arsenio Dominguez says the regulator has to be more outward-looking as it promotes the industry on the world stage Marinakis sells 18% stake in Capital Product Partners to Cypriot group Yoda PLC becomes gas carrier firm's second-biggest shareholder in $160m deal Seatrium takes green finance raised to over $1.5bn with latest facility Yard group encouraged by strong support of banks in ongoing pursuit of sustainability in its business operations Red Sea crisis set to make life even tougher for tonnage-hungry ship recyclers Cash buyers say the supply situation will worsen as diversions spark a rise in freight rates Cosco splashes over $400m on six tanker newbuildings Contracts break four-year order drought

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JANUARY 2, 2024

US, Mexican partnership to expand international rail car-ferry service Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico. Container shipping rates spike as Red Sea crisis draws first blood Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.