JNPA safeguards marine ecosystem by launching unmanned solar-powered boat for floating trash collection
HTOA's 17th AGM held in Mumbai
Import of Petroleum Products and Safety Requirements for handling Petroleum Cargo; transportation of petroleum products in flexi bags fitted in general purpose 20 foot containers barred
Significant impact on supply & demand seen if strike at USEC ports prolongs
CONCOR facilitates first-ever movement of temperature-sensitive pharma products in ice battery-fitted truck
PCHAA AGM elects new Managing Committee; Pradeep Kale is the President
Indian road logistics sector gears up to maximise gains from the upcoming festive season: ICRA
US port stir ILA claim on high freight rates being charged by lines seen as misleading
APSEZ among three group companies to join WEF's 'Transitioning Industrial Clusters' initiative
India to buy second-hand vessels, cut port charges to boost exports
Engineering exports beat global crises due to Russia, China, Saudi Arabia
DGFT notifies extension of IES for exporters till Dec.
Port strike: Tentative agreement sees ILA to go back to work In a joint statement, the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) say "they have reached a tentative agreement on wages and have agreed to extend the Master
ILA's Harold J. Daggett "subjected to death threats" As the port strike that has closed U.S. East and Gulf Coast ports entered its third day, the International Longshoremen's Association (ILA) reported that its president, and chief negotiator, Harold J. Daggett,
VIDEO: ZEI takes wraps off hydrogen-powered speed boat South San Francisco, Calif.-headquartered Zero Emission Industries (ZEI) has unveiled FCV Vanguard, the world's first hydrogen-powered high-performance speed boat. The FCV Vanguard was created by repowering a 1995-built 27-foot powerboat with ZEI's
Unifly drives over 7,000 drone operations at Port of Antwerp-Bruges Unifly celebrates five years since its key role in the SAFIR (Safe and Flexible Integration of Initial U-space Services in a Real Environment) project, which transformed drone operations at the Port of Antwerp-Bruges. Through rigorous testing and real-world application, SAFIR demonstrated the tangible benefits of drone technology in one of Europe's largest and busiest ports. The Port of Antwerp-B
ARC adds new Ro-Ro vessel to its US-flag fleet The American Roll-On Roll-Off Carrier Group (ARC) announced the addition of the vessel ARC Endeavor to its US-flag fleet. On 27 September, the vessel was officially reflagged under the American registry, marking it as the tenth US flag roll-on roll-off (Ro-Ro) vessel in ARC's fleet. The US Coast Guard conducted the reflagging ceremony at the Port of Baltimore in Maryland. "ARC has consistently in
KEZAD Group launches new media company KEZAD Group, a subsidiary of AD Ports Group and the UAE's largest operator of integrated economic zones, has announced the launch of a new business initiative focused on the media sector. The new entity, KZ Media, is designed as a full-service media provider offering a wide range of photography and videography solutions to meet client needs. "We are looking at new and innovative ways to expand an
Maersk banks on Jordan's resilience with Aqaba terminal concession extension The Aqaba Container Terminal's concession extension by APM Terminals until 2046 marks a significant endorsement of Jordan's strategic geographic position close to conflict zones. This development underscores the Maersk-owned port operating company's confidence in Jordan despite regional instabilities impacting the Red Sea. This content is locked Select a CN Premium Subscription Package To Unlock
Gulftainer strengthens ties with South China's freight forwarders Global port operator Gulftainer met with key traders and freight forwarders in Shenzhen on 22 September 2024, during the China (Shenzhen) International Logistics and Supply Chain Fair (CILF). Attendees included the Shenzhen International Freight Forwarders Association members and the Qingdao Logistics Network. "Gulftainer has extensive experience working closely with trading and freight forwardin
Wärtsilä to provide fuel and cargo handling systems for new VLEC vessels Technology group Wärtsilä will supply the Cargo Handling and Fuel Gas Supply systems for five new Very Large Ethane Carrier (VLEC) vessels. The order has been placed by Jiangnan Shipyard, was booked by Wärtsilä in the third quarter of the year, while the ships are being built for Chinese owners. Additionally, the delivery of the equipment will commence in the third quarter of 2026. The order foll
Kuehne+Nagel opens new distribution centre for LEGO Group in Australia The LEGO Group, the world's largest toy company, has expanded its partnership with Kuehne+Nagel by launching a new distribution centre in Truganina, located in Victoria, southeastern Australia. Covering 26,500 square meters and capable of storing 26,000 pallets, the facility will support both B2C and B2B operations for LEGO customers across Australia and New Zealand. The distribution centre is eq
Hapag-Lloyd increases rates from Asia to Latin America German box line Hapag-Lloyd has announced that on 1 November a General Rate Increase (GRI) is set to take effect on cargo shipments from Asia to the West Coast of South America, Mexico, Central America, and the Caribbean. This increase of US$2,000 will apply to all shipments using 20-foot and 40-foot dry containers, including high cube containers and 40-foot non-operative reefers. This GRI will r
Red Sea crisis to prevent freight rates from dropping to 2023 levels, with uncertainty expected post-2025 The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the highs of this year, they are not expected to plunge to levels seen in 2023, as the Red Sea crisis will maintain the supply-demand equilibrium. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina L
CMA CGM applies fresh rates for Canada-Asia shipments French ocean carrier CMA CGM has announced a new Rate Restoration Initiative (RRI) that will take effect on 1 November 2024. This adjustment will impact cargo shipments from specific locations in Canada to destinations in the Indian Subcontinent, Middle East Gulf, Red Sea, China, Hong Kong & Macau SAR, and across North and Southeast Asia. For shipments originating from the Canada West Coast and d
CN PHOTO PROJECT: Submit Your Best Industry Photos It's time for October's "Photo of the Month" submissions! We're inviting all Container News readers to share their standout industry photos. Whether it's a busy port, a majestic container ship, or a behind-the-scenes look at logistics, we want to see your best work. Each month, one exceptional image will be featured on our website and in our magazine. To submit, email your high-quality photo alon
ILA strike's impact on global capacity International Longshoremen's Association's (ILA's) strike at the United States East Coast ports has already started affecting shipping operations. While much of the current speculation focuses on the potential duration of the strike, Danish maritime data analysis firm Sea-Intelligence has taken a different approach by examining the impact that the strike's length could have on the global shipping
Indian investments bolster Chabahar port, while Chinese influence yields mixed outcomes in Pakistan and Sri Lanka The geopolitics of port investments in the Indian Ocean has transformed the region's economic and strategic dynamics, with countries like China, India, and the United States vying for influence. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Deutsche Bahn's Supervisory Board approves DB Schenker sale The Supervisory Board of Deutsche Bahn AG gave the green light to the sale of DB Schenker to the Danish transport and logistics company DSV at a meeting on 2 October. At the same time, the federal government granted the approval required for the transaction under the Federal Budget Code (BHO). The sale is expected to be completed in 2025 once all regulatory approvals have been obtained. On 13 Sep
APM Terminals extends concession for Jordan's Aqaba Container Terminal Maersk-owned port operating company APM Terminals has received approval to extend the current concession for Jordan's Aqaba Container Terminal for 15 years until 2046. The agreement will be marked at a later date with an official signing in Jordan, according to APM Terminals' statement. "This renewal marks the next step of our ambitious future plans to upgrade the terminal in Aqaba," pointed out
Konecranes refreshes Leadership Team; restructures operating mode Konecranes has decided to revise its operating model to support the deployment of its strategy and growth objectives, while also updating the Leadership Team. Starting 1 January 2025, the company will be organized into three Business Areas: Industrial Service, Industrial Equipment, and Port Solutions. This is a change from the current structure of two Business Areas: Industrial Service and Equipm
Port of Vancouver nears 2 million TEUs in 2024 H1 Port of Vancouver, Canada's largest port, facilitates the trade of around US$220 billion-worth of goods annually with up to 170 countries. In the first half of 2024, container volumes at the port largely rebounded and stabilized after several challenging years marked by a pandemic-driven surge in consumer demand and multiple supply chain disruptions. Vancouver's box traffic experienced significan
Jan De Nul Group launches dredging operations at Port Hedland Jan De Nul Group is reinforcing its long-standing presence in Port Hedland, where its dredging vessel, J.F.J. De Nul, has begun capital dredging and land reclamation works for the development of the Lumsden Point General Cargo Facility and Logistics Hub, in accordance with strict environmental regulations. Located on Australia's North-West coast, Port Hedland is the country's largest export port
McDermott secures more work on Qatari LNG expansion project McDermott has won a new contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project. The deal with an undisclosed value covers engineering, procurement, construction and installation (EPCI) and follows the awards secured by McDermott in 2022 for the NFS pipelines FEED, the NFS jackets EPCI, and the NFXP topsides ...
TGS clinches 4D streamer deal in the Southern Atlantic Oslo-listed seismic data specialist TGS has been awarded a baseline 4D streamer contract in the Southern Atlantic region with an independent energy company. The contract spans approximately 90 days and reinforces TGS' strategic position in the Southern Atlantic. During the program, the company will use its Ramform acquisition platform as well as the proprietary multi-sensor ...
Lim family to file for bankruptcy after $3.5bn settlement in Hin Leong liquidation case Lim Oon Kuin, the founder of the defunct Singapore oil trader Hin Leong, and his two children have agreed to pay about $3.5bn (S$4.5bn) to the liquidators of the company and top creditor HSBC. The 82-year-old former oil trading and tanker tycoon, better known as OK Lim, together with Huey Ching Lim and Evan Lim ...
Recession fears stoked on day three of America's port strike Like in the covid era, panicked shoppers in the US have been seen scrambling to stock up on essential items such as bottled water and toilet paper as the strike across America's eastern seaboard enters its third day with experts now suggesting the industrial action could last weeks rather than days. Around 45,000 dockworkers at ...
Samsung Heavy Industries gets nod for new ammonia FPSO design ABS has issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its new design of an ammonia floating production storage and offloading (FPSO) unit. The FPSO, named Samsung Ammonia Blue, features advanced safety components with an expected production capacity of 1.2m tonnes per annum of ammonia. ABS completed design reviews on the ...
RWE pens supply deal for offshore monopiles with Steelwind German utility RWE has signed a capacity reservation agreement with Steelwind for the production of up to 300 monopile foundations for its future offshore wind projects in Europe. RWE said that, through this contract, it had secured production capacities in a tight market. No financial details were revealed. Steelwind will reserve capacity at its German ...
K Line Wind Service and EGS form offshore geo-survey joint venture K Line subsidiary, K Line Wind Service (KWS), and EGS Survey have established a joint venture company to service the offshore marine geo-survey sector. The new company, named EK Geotechnical Survey (EKGS), will provide various offshore survey services to meet growing demand in the sector, which is expected to increase with the development of offshore ...
Scorpio Tankers confirms sale of modern LR2 Monaco-headquartered product carrier major Scorpio Tankers has confirmed the sale of its five-year-old LR2 vessel in a deal worth $73.5m. Splash reported last month that the Emanuele Lauro-led firm had offloaded the 109,000 dwt scrubber-fitted STI Lily in a deal with Indonesia's state-owned shipping giant, Pertamina. New York-listed Scorpio did not reveal the buyer but ...
NYK pockets profit from sale of 25-year-old cape NYK Bulkship Korea, which is a part of the larger Nippon Yusen Kaisha (NYK) empire, has cashed in close to $12m for the 25-year-old, 173,000 dwt rusty workhorse, Oriental Navigator, a ship sold for further trading to undisclosed Chinese buyers. The dented trader has served NYK well. It was added as Stellar Navigator in 2016 ...
Chinese player rapidly builds up vintage cape arm Zhangjiagang Oceanicwit Shipping is on a relentless shopping spree, showing no signs of slowing down. Within weeks, the Chinese bulker operator, with over 20 vessels in its fleet, has secured two more ageing capesize vessels from prominent Greek sellers. Splash can reveal that at the end of August, it acquired the 18-year-old Maran Prosperity from Maran Dry, ...
Vattenfall charters Van Oord vessel for offshore wind maintenance Swedish utility Vattenfall has signed a multi-year framework contract with Dutch marine construction player Van Oord to charter the MPI Resolution jackup vessel for offshore wind turbine maintenance. This contract will guarantee the vessel's availability for several months each year, primarily during the peak maintenance season from early March to late October. This contract also ...
Dark fleet spills proliferate Regulators around the world worried about the risks posed by the so-called dark fleet of tankers have seen ample evidence of how shady operations lead to environmental damage. The latest example, as highlighted by TankerTrackers.com, shows a messy ship-to-ship transfer in the Persian Gulf. TankerTrackers.com, one of the world's leading watchers of illicit cargo movement, ...
OFAC adds Marshall Islands tanker company to its sanctions list The Office of Foreign Assets Control (OFAC) in Washington DC has slapped sanctions on a tanker owner and two of its ships over alleged shipments of Russian and Iranian oil. The Marshall Islands-registered company Gemini Marine becomes the latest shipping entity in a rapid series of sanctions being dished out by the US Treasury. Two ...
US port strike ends after three days but backlog will take weeks to clear The dockworker strike at US east and Gulf coast ports turned out to be brief, minimising market impacts. However, there...
Daily Briefing Dark fleet's growing role in seafarer abandonments showcased by ageing gas tankers | How US port strike could unintentionally boost...
Last European tanker builder calls for global level playing field 'Shipbuilding is not financially viable anywhere, but Chinese and South Korean taxpayers should not be sponsoring shipowners to buy cheap...
Norwegian Sea and Canadian Arctic emission controls to start in March 2027 Implementation of the two new sulphur and nitrogen oxide Emissions Control Areas to start in March 2027, with the Norwegian ECA...
Dark fleet's growing role in seafarer abandonments showcased by ageing gas tankers A fleet of LPG carriers linked with Iranian gas shipments has amassed an alarming number of abandonments, illustrating the adversity...
Greece joins Clean Energy Marine Hubs amid 'major step forward' Further new support comes from ABS, Lloyd's Register, OCIMF and the World Economic Forum
Alliance reshuffle carries contrasting fortunes for European and Med port majors The announcement of new alliance networks in 2025 on the trunk Asia-Europe trade will bring sizeable fresh business for ports...
Japanese engine manufacturers concede 'transcription errors' but rule out data fraud Data falsification admissions by Japanese engine manufacturers IHI Power Systems, Hitachi Zosen Marine Engines, Imex and Kawasaki Heavy Industries prompted...
VLGC rates recovery gathers pace After slumping through most of September and making modest gains last week, VLGC rates started October strongly. The Baltic Exchange's...
US grain exports disrupted by port strike and Mississippi water levels Congestion combined with low water levels in the Mississippi river threaten to disrupt grain exports during the most crucial time...
IMO keeps levy on table amid warnings of weak economic measures The IMO opted to focus on convergences among member states on mid-term measure proposals, while an environmental NGO said scenarios...
Zemba survey highlights gaps between e-fuel promises and reality The Aspen Institute's Zemba non-profit said green e-fuels could be available for its next green freight tender, but big challenges...
Deutsche Bahn board approves DB Schenker sale The board approved the sale in an extraordinary meeting in Berlin, which will 'significantly reduce DB's debt', the chief executive...
HD Hyundai wins ULEC pair linked to Eastern Pacific Singapore-based Eastern Pacific Shipping appears to have added two ultra-large ethane carriers to its orderbook, following six contracted in August
New maritime workforce report highlights gaps in retention strategies and AI skills Two thirds of current employees from Singapore's maritime sector are already seeking new job opportunities, emphasising the need for employers...
Intermodal rail must improve reliability to capture just-in-time freight: execs Intermodal providers believe shippers of time-sensitive cargo can rely on rail, but some potential customers need to see more evidence of consistent service, executives told the Journal of Commerce Inland Distribution Conference 2024 (Inland24).
ILA strike leaves US reefer importers few options, more risks Refrigerated container shippers using US East and Gulf coast ports are tapping some non-unionized terminals, but they fear produce stuck on ships and in port will spoil, and equipment will become scarcer if strike lasts longer than a week.
Ro/ro newbuilds push car carrier order book to record high The record order book for car carriers comes amid forecasts of falling global production of light vehicles, a key driver of roll-on/roll-off vessel demand.
US truckload carriers expect first rate hike in two years in 2025 Although ongoing softness in the US freight economy is tempering forecasts for higher truck pricing, both truckload and less-than-truckload carriers expect pricing gains next year.
Ships backing up outside of strike-shut US East, Gulf ports Ocean carriers appear to be banking on a short port strike, allowing ships to remain on scheduled calls or sit at anchorage, but those plans could change if East and Gulf ports remain closed through the end of the week.
Should Genco Shipping sell the company? An analyst chimes in and management reacts Chief executive John Wobensmith has some choice words after research note left him 'surprised'
Webber's ESG Scorecard: Genco reigns, CMB.Tech tumbles and Imperial Petroleum lags This week's Streetwise previews release of Michael Webber's annual list of shipping's naughty and nice
Who is Harold Daggett, the F-bomb-dropping union leader who has threatened to 'cripple' America? Vietnam War veteran with union in his blood puts the power of organised labour back in the spotlight
Aframax and suezmax tanker rates jump more than 23% in a day as US Gulf Coast enquiry surges Broker says hunger for aframaxes lifts larger cousins in the Atlantic
Daggett complains of death threats and harassment as union leader comes under scrutiny ILA boss complains that newspaper published his address with photos of his pool, Bentley and outdoor pizza oven
Freight buyers alliance that includes Amazon and Ikea targets e-fuels for next boxship tender New study suggests sufficient supplies of both e-methanol and e-methanol vessels will soon be available
CMA CGM declares force majeure over US ports strike, passing costs on to customers French liner operator levies daily fees for refrigerated cargo and chassis
Thenamaris banks big gain on capesize bought in and flipped to China Major Greek owner sells former Greathorse bulker in deal with unknown Chinese buyer
Dark fleet tankers 'spill 5,400 barrels' during Middle East oil transfer TankerTrackers says such pollution incidents happen regularly but go unreported
Ramlosa Shipping targets $2.6m equity raise and Stockholm listing Shipowner has holdings in three vessels
Capesize cannibals: Ageing capesize fleet poses risks to dry bulk trades, says SSY Ageing fleet means that just too many old-age bulkers will be competing for cargo, according to SSY research
Iran trade crackdown targets flag-hopping ships after US sanctions seven vessels Second-largest ship registry has been under pressure to tighten checks on sanctions-busting vessels
Punit Oza steps up as new president of the Institute of Chartered Shipbrokers Shipping veteran becomes first Singaporean to hold the post
Israeli explosives cargo on German ship draws fire of Amnesty International UN claims Lubeca Marine's Kathrin is carrying eight containers of components for bombs and missiles
Ship finance leaders highlight 'less ideal environment to build ships' with fuel uncertainties and low ship recycling Operators cite uncertainty over alternative fuels as factor affecting fleet renewal plans
John Bassadone extends shipowning drive with four-tanker newbuilding order High-spec methanol-ready tankers to begin delivering in first half of 2025
Middle East war fears send aframax and suezmax rates skywards VLCCs show more muted gains as Israel-Iran conflict sets off alarm bells
Twenty-two rogue vessels banned from UAE waters in oil operations crackdown Maritime authorities warn vessels will be auctioned if they return
Oil slick seen close to bulker that grounded from typhoon off Taiwan The Blue Lagoon was forced ashore by Typhoon Krathon after suffering water ingress
Punit Oza steps up as the new president of the Institute of Chartered Shipbrokers He is the first Singaporean and the second president of the Institute to come from Asia
The restaurant that fed Lloyd's of London: Underwriters' bolthole under threat Bitter legal dispute over unpaid rent has kept insurers' legendary lunchtime venue shuttered
Shipping warned of 'catastrophic damage' risk from suspected sunken Ukrainian sea drone Ambrey Analytics warns vessels to post lookouts if sailing near unidentified suspicious object
Ex-Singapore transport minister jailed for receiving gifts as a public servant Subramaniam Iswaran had earlier plead guilty to receiving gifts from two Singaporean businessmen
Flex LNG boosts cash pile as it closes $430m funding round at 'very attractive terms' Owner welcomes a new international shipping bank to its banking group
GTT books in dozen container ships with new LNG bunker tank design New pressure allowance will enable LNG-fuelled ships to use shoreside power
Underwriters' bolthole under threat: The restaurant that fed Lloyd's of London Bitter legal dispute over unpaid rent has kept insurers' legendary lunchtime venue shuttered
Tufton Oceanic adds $25m of profit through chemical tanker term charters UK shipping fund says leading operator will take over two ships for three years
Iran ramps up tanker shipments to highest level for five years in defiance of sanctions Kpler logs September crude loadings at 1.92m barrels per day
Lim scions seek bankruptcy after liquidation of failed oil empire lands them with a $3.5bn bill However, former oil and tanker tycoon and his children say they do not have enough assets to pay claimants
Golden Ocean renews $100m share buyback in 'volatile' capital markets, Peder Simonsen says Bulker owner has reacquired nearly $12m of its stock in last two years
Union Maritime adds to billion-dollar order pile with extra dual-fuel product carriers Options declared at Fujian Mawei, Laurent Cadji-led owner confirms
Lim Oon Kuin and scions agree to $3.5bn settlement with liquidators of failed oil trading empire However, the former oil and tanker tycoon and his children say they do not have enough assets to pay claimants
Video claims to show Houthi sea drone hitting Ultrapetrol tanker in Red Sea Footage published on social media is in line with official description of incident that took place early on Tuesday
Marine Money Asia: shipping is doing good, but the future is still confusing Singapore conference shines light on how uncertainty over alternative fuels has affected tanker fleet renewal plans
GlobalX Airlines to open cargo lane between Chicago, Puerto Rico Startup carrier Global Crossing Airlines is partnering with FreightTech startup Airblox to start a nonstop freighter service between Chicago and Puerto Rico.
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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