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NOVEMBER 5, 2024

JN Port continues to scale new throughput heights Bahri registers massive 127 pc net profit growth in Q3 Shift in ocean container shipping market seen helping shippers entering new long-term contract negotiations Gateway Distriparks launches double stack rail services at ICD Faridabad Finish tax evasion probe against exporters in 1 yr: CBIC PSA Mumbai brings in advanced container handling equipment for Phase 2 India's frozen shrimp exports levied 5.7 pc CVD in the US A Significant Concept in Admiralty Law 'Digitisation has revolutionised the air cargo sector' JNPA celebrates Rashtriya Ekta Divas with enthusiasm

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NOVEMBER 5, 2024

Truck subscription helps to get an e-vehicle DFDS withdraws from Turkish acquisition agreement From AP Møller-Maersk to Leschaco Operail inks sale agreement From Ukraine via Titusville into the Universe Logistics giant wins deal to phase in green fuels A singular solution Strengthening a joint pharma network Guillaume Faury to be reappointed as CEO "Curiosity of the Day" Building an inland port Progress with e-methanol hybrid ships Dachser relocates in Normandy

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NOVEMBER 4, 2024

No end to chaos in sight for shippers as Canada's port rows escalate Nunes returns to Chapman Freeborn as new COO Port of Valencia slowly gets back to work after floods from rainstorms ATSG soars as takeover is confirmed News in Brief podcast | Week 45 2024 | Exploding parcels, Q3 results and Wincanton/GXO sagas US port operators brace for tariff blitz if Trump gets second term Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue OceanX: Carrier reporting bonanza, but Mærsk, oh Mærsk... Carriers drop calls at Hamburg after congestion builds at CTA Superstar Matson - 'a thing of the future too' Red Sea crisis provides a bonus for Chinese container manufacturers The big supply chain disruptor is the regulators, say shippers Qatar Airways Cargo appoints veteran Eric Wilson to head cargo sales Enrico Farneti to take over from Daniela Coppola as MD Hellmann Italy ATSG set to be acquired by Stonepeak

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NOVEMBER 4, 2024

Navy to extend the service life of 15 warships In line with the intent of Chief of Naval Operations Adm. Lisa Franchetti's NAVPLAN 2024, which directs the Navy to "get more ready players on the field," the Department of the Navy Damen lays keels for first of four fully-electric ferries On Nov.1, Damen Shipyards Galati in Romania hosted a ceremony to lay the keels for the first two of four fully-electric ferries for BC Ferries. The keel laying ceremony marked an important

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NOVEMBER 4, 2024

Rising competition among Bengal ports, while India and Bangladesh advance development projects The Bay of Bengal has become more and more influential in the global shipping industry due to its strategic location which is attracting more international shipping lines and logistics investments. 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 . Alabama Port Authority launches final phase of Mobile Harbor Modernization Project The Alabama Port Authority has announced the start of the final phase of the Mobile Harbor Modernization Project. This six-phase initiative began in May 2021 and is anticipated to be completed in the first half of next year. "Once complete, this project will provide a major advantage to shippers, creating even more opportunity for economic development, not just in Mobile but across our state and Port of Riga implements freight digital access system A new digital access and pass system will be in force throughout the Port of Riga from 1 November. From now on, both visitors and freight vehicles will enter the Latvian port by making an appointment electronically and submitting and checking documents digitally instead of using a paper version. "When I joined the Port Authority, one of the key tasks was to digitise the port processes. We are wor The best packing tapes for sealing: PVC or polypropylene? In business, they are almost as necessary as electricity. All sorts of firms and institutions require packing tapes for sealing. The right choice of product can have an impact on day-to-day operations. It is therefore a good idea to know the difference between PVC and polypropylene solutions. Let's compare them, shall we? Polypropylene adhesive tapes Polypropylene packaging tapes are ideal for fa CHIMBUSCO secures its initial LNG refueling service in Europe China Marine Bunker (PetroChina) (CHIMBUSCO), which recently secured the third spot in the 2023 "Top Ten Global Bunkering Enterprises" list with a bunkering volume of 22.2 million tons, participated in the 7th International Petroleum and Gas Enterprises Conference (IPEC 2024). The company made a notable debut at the Port of Zeebrugge in Belgium, supplying LNG fuel to the "Peony Leader," an LNG du A Greener Shipping Industry: Trends and Innovations for Reducing Carbon Emissions You're probably aware that the shipping industry is under increasing pressure to reduce its carbon footprint. As you explore this topic, consider how alternative fuel sources like LNG and green hydrogen are shaping the future of maritime transport. Have you thought about how energy-efficient vessel designs and electrification could revolutionize shipping? Innovations from wind propulsion to advan 'How to Make Dollars Online' AEON MINING Teaches You to Make $1k+ Daily ("AEON MINING" or the "Company""Our") 6.3 million smart cloud mining investors have a tacit understanding with AEON MINING. AEON MINING was founded in 2019 with the concept of "long-term investment and asset allocation". Starting from clean energy, it has become an online cloud mining service platform with great impact investment. AEON MINING currently has top blockchain technicians and brings to Hapag-Lloyd christens "Hamburg Express" in Port of Hamburg "Hamburg Express", the flagship vessel of Hapag-Lloyd's "Hamburg Express" class, was officially christened at the Container Terminal Burchardkai in Germany's Port of Hamburg. Hamburg's First Lady, Eva Maria Tschentscher-wife of First Mayor Dr. Peter Tschentscher-served as the ship's naming patron and performed the ceremonial christening. Currently operating on the FE3 Far East route between Asia Suez Canal Crisis: Dwindling revenues and rising regional tensions reshape global trade The strategic importance of the Suez Canal as a global maritime artery has come into sharp focus following recent revelations by Egyptian President Abdel Fateh El Sisi about a significant revenue downturn. 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 . ONE launches new inland haulage service in Bahrain Ocean Network Express (ONE) has introduced a new value-added service for inland haulage between the Bahrain terminal and the Bahrain City limits. ONE has decided to announce this new service to "continuously provide a reliable service" in the country. "This enhancement to our logistics solutions aims to provide you with greater convenience and efficiency in your shipping needs," said the Singapor Elizabeth Fire Department conducts confined space rescue training at APM Terminals facilities During the 21st week of 2024, the Elizabeth Fire Department in Elizabeth, New Jersey, conducted essential confined space rescue drills at APM Terminals Port Elizabeth as part of their annual training to ensure readiness for high-risk situations. This collaboration between the fire department and the terminal staff underscores the significance of preparedness in responding to emergencies in indust Maersk unveils its largest distribution centre in the Philippines A.P. Moller-Maersk recently inaugurated its largest distribution centre in the Philippines, a 100,000m² facility located in Calamba, Laguna, through Maersk Contract Logistics. Philippine President Ferdinand R. Marcos Jr. and Department of Trade and Industry Secretary Cristina A. Roque were the guests of honour at the opening ceremony. "With the grand opening of the Maersk Optimus Distribution Cen Indonesia gains pace as competition between Singapore and Malaysia intensifies Singapore, Indonesia, and Malaysia are enhancing their maritime sectors through strategic foreign direct investments (FDIs), digital transformation, and sustainability initiatives. Recent market analyses and investment reports highlight the pivotal role these nations play in Southeast Asia's burgeoning maritime trade. This content is locked Select a CN Premium Subscription Package To Unlock The C British Columbia ports threaten lockout in response to strike notice BC Maritime Employers Association (BCMEA), which employs port workers in British Columbia, Canada, is threatening to close all ports in the province in response to strike action called by the International Longshore and Warehouse Union (ILWU) for 8 am local time today (4 November). ILWU, on behalf of on behalf of the Longshore Locals and Local 514 Ship & Dock Foremen (ILWU Local 514), gave notice Maersk launches first own-licensed warehouse in Northern Vietnam with Amazon as first customer A.P. Moller-Maersk has launched its first bonded warehouse in Vietnam, located within SLP Park at Nam Dinh Vu IP in Hai Phong province. This warehouse, managed by Maersk Contract Logistics, represents a significant milestone for Maersk in expanding its presence in Northern Vietnam, especially as import and export demand continues to rise. The inauguration was attended by Lasse Pedersen Hjortshøj, Port of NYNJ secures record US$347 million in federal funding for sustainability progress The Port Authority of New York and New Jersey has secured a record US$347 million in federal funding from the Biden-Harris administration, awarded through the EPA's Clean Ports Program, to enhance sustainability and community engagement at the US Port. "EPA's US$347 million award to the Port Authority of New York and New Jersey to execute their 'Catalyzing Change' plan is a huge win for New Jerse CMA CGM reports fraud attempts against its customers French shipping company CMA CGM Group recently announced that several fraud attempts have occurred against its customers. According to the ocean carrier's announcement, hackers are usurping CMA CGM identity in their conversation with the company's customers by email asking them to pay CMA CGM invoices on their own accounts, pretexting a change of bank account details. The operating process of hac

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NOVEMBER 4, 2024

Baltic Exchange rolls out platform for real-time freight intelligence The Baltic Exchange has together with digital platform developer Zuma Labs launched a new product that delivers real-time Baltic Exchange indices and FFA (freight forward agreement) prices to shipping professionals. The new platform called Baltic Exchange View has been designed specifically to meet the needs of brokers, charterers, and shipowners for instant access to critical ... Korea Line offloads supramax quartet SM Group's Korea Line Corp has continued to offload tonnage, taking the number of ships exiting the fleet this year to ten. The Seoul-based diversified owner has been reported of selling a quartet of supramax bulkers en bloc, following a $53m deal to offload two capesizes to China's Jiangsu Steamship. S&P sources suggest a deal ... Pelagic Partners charters out tanker to International Seaways Cyprus-based owner and shipping fund manager Pelagic Partners has sealed a charter deal with US tanker player International Seaways for one of its LR1 vessels. The 2009-built Pelagic Turbot has been fixed long-term to the New York-listed owner and operator following its recent docking. The 73,400 dwt unit is the second ship International Seaways has ... TechnipFMC and Prysmian link up on floating offshore wind New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects. A collaboration agreement will see the two companies aim to pioneer a subsea water column solution "from seabed to ocean surface", joining TechnipFMC's design and integration capacities with Prysmian's submarine power cable systems. ... Egypt reveals $6bn revenue hit as Houthis vow to up campaign against shipping The Houthis vowed Sunday to keep up their attacks on merchant shipping likely to the consternation of politicians further north along the Red Sea in Egypt. Egypt's foreign minister Badr Abdel Aati revealed in discussions with International Maritime Organization secretary-general Arsenio Dominguez on Friday that the Egyptian economy has taken a $6bn hit from the ... Sea1 Offshore orders OSV brace in China Norwegian offshore vessel owner and operator Sea1 Offshore has ordered two offshore support newbuilds at China's Cosco Shipping (Qidong) Offshore. The Christen Sveaas-backed company with 17 owned and another 17 managed OSVs said the vessels are based on Skipsteknisk's ST-245 design and will be fit to serve both oil & gas and renewable markets. The ... Borr Drilling to delist from Oslo Tor Olav Trøim-backed jackup rig player Borr Drilling has announced the delisting of its shares from the Oslo Stock Exchange by December 31, 2024, following shareholder approval. The company will retain a single listing on the New York Stock Exchange, and shareholders can migrate their shares to the US market. The move aims to streamline ... US sanctions four Singaporean LNG shipping firms Four Singapore-based LNG shipping firms have been sanctioned by the United States for their links to Russian gas producer Novatek. Singapore-based firms LNG Alpha Shipping, LNG Beta Shipping, LNG Delta Shipping and LNG Gamma Shipping are all majority-owned by New Transhipment FZE, a Novatek subsidiary based in the United Arab Emirates, according to the US ... Shelf Drilling seals Chevron extensions for jackup pair in Thailand Oslo-listed jackup rig pure-play Shelf Drilling has clinched contract extensions for two of its units working for Chevron offshore Thailand. The Shelf Drilling Chaophraya and Shelf Drilling Krathong have both been fixed for two years in a deal worth about $197m. The contract extensions will kick in during the second half of 2025 in direct ... Ports set to shut down across British Columbia A strike at ports across British Columbia looks set to proceed from 8 am local time today as no deal has been reached between unions and employers to renew a collective agreement that expired in March 2023. The B.C. Maritime Employers Association (BCMEA) released a final offer on Saturday, which was quickly dismissed by the ... N-Sea signs up for OSV newbuild Dutch subsea services specialist and vessel operator N-Sea is expanding its fleet with a hybrid survey and ROV support newbuild. The Dordrecht-based company has signed a long-term charter agreement with Mainport Shipping for the vessel that will be named Geo Master and of similar design as the Geo Ranger, N-Sea chartered in from Geo Plus ... Hosei Kisen orders MPP pair in Japan Tokyo-based Hosei Kisen has contracted Higaki Shipbuilding to build a pair of 17,000 dwt multipurpose (MPP) vessels, which are set to deliver in 2026 and go on charter to Denmark's Ultrabulk. No price has been revealed for the newbuilds. The MPP specialist has a fleet of 11 ships and a total of four vessels now ... MSC contract signals Rongsheng's return to shipbuilding Global shipbuilding capacity is set to grow by a percent with the reactivation of one of the most famous shipyards from the previous boom and bust era of shipping. MB Shipbroking, formerly known as Maersk Broker, is reporting that Jiangsu Rongsheng Heavy Industries, once China's biggest private shipyard, is to reopen with the world's largest ... Evergreen pockets $30m from sale of 28-year-old panamax Evergreen has pocketed a stunning $30m from the sale of the 1996-built, 5,364 teu Ever United with the ship set to deliver charter-free later this month. "A remarkable sale and a historically high level demonstrate that the continued lack of tonnage on the charter market in larger (and smaller segments) is driving a surge in ...

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NOVEMBER 4, 2024

MOL invests in logistics infrastructure projects in Southeast Asia The first project is under construction in Thailand, with expected completion in 2027 Who are the biggest losers among shipping stocks so far this year? What started as a great year for shipping equities has transformed into an ugly one. Shipping stocks are increasingly in... Download the new Lloyd's List App! For more than 300 years, Lloyd's List has been the maritime industry's most trusted source for news, analysis and intelligence... Daily Briefing Houthi threat to shipping growing thanks to 'unprecedented' network of support | Trader had right to sue shipowner despite selling... British Columbia port employers defend lockout decision ahead of port shutdown ILWU Local 514 issued a strike notice in the past week in relation to 'limited job action', but the BCMEA... Houthi threat to shipping growing thanks to 'unprecedented' network of support UN Security Council intelligence has warned that the Houthis are extending their operational capabilities far beyond the territories under their... The week in charts: Sanctioned North Korean ship makes traceable call to Russia | NOx regulations are failing | Asia-Europe box rates rally for second week in a row Several more North Korea-owned vessels have arrived at Russian ports with AIS enabled during the past few months; the failure... MSC secures more secondhand tonnage and trades two ships for recycling sale MSC has purchased another 1990s-built 'U-type' post-panamax from Evergreen, after picking up two in 2023 and two this year, at... Waterborne acquisition will allow Shipowners' Club to offer hull cover for first time 'Some of our relatively smaller members might just want to be able to buy all of their insurance from one... Faster energy transition would cut shipping demand growth International Energy Agency says different climate policy scenarios will have far-reaching implications for regional trade and the types of ships... Tasmania's ferry breaks loose from mooring in Rauma Spirit of Tasmania V is one of TT-Line's new LNG dual-fuel vessels slated for delivery in 2025, but the vessel... The week in newbuildings: Boxship revival continues Cosco, SITC and Wan Hai Lines are all confirmed to have boosted their existing containership orderbooks, while Hapag-Lloyd is set... Opec+ extends production cuts into December An end to the oil supplier bloc's production cuts has been delayed several times this year, including in June 2024... Trader had right to sue shipowner despite selling cargo during voyage, Court of Appeal holds Swiss agribusiness multinational secures compensation after Greek bulker operator damaged consignment of soyabeans Shanghai reveals plan to spearhead transition to green shipping fuels The shipping centre aims to be a hub for bunkering, trading and certifying of alternative marine fuels Cosco becomes second-largest shareholder in Yantian port's $564m placing Share purchase will further enhance Cosco Shipping's presence at Yantian port, an important container shipping hub in southern China

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NOVEMBER 4, 2024

BC container ports set for shutdown after foremen begin strike Maritime employers say they will commence a lockout of the longshore foremen after their union began a threatened strike Monday morning, a move that will force marine terminals in the province to close. North American projects provide lifeline for industrial gas suppliers Weak economic trends have kept the pressure on industrial end-markets serviced by Linde and Air Liquide, which provide key cargo for the breakbulk and project cargo segments. Scrapping, slow steaming, demand will limit capacity overhang: Clerc A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO. Payment technology adapting to account for smaller invoice inaccuracies Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

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NOVEMBER 4, 2024

Seanergy sees 'overwhelming' support for board members amid Economou fight Some 88% of voters who are not insiders or Economou rejected a proposal to seek chief executive's resignation Will US election have 'profound consequences' for LNG market? Harris may end the moratorium on LNG export projects, even if Trump would do it faster Capesize freight derivatives bonanza ignites as firmer fixtures give hope It was a day of green screens for forward freight agreements as average physical rates ticked up by $3 Ship carrying Israeli-destined explosives stormed by Turkish protesters Pro-Palestinian group takes action in Haydarpasa as saga of weapons cargo continues Stena Line cuts 80 jobs after high inflation hits passenger and cargo volumes Around 30 consultants will also leave the company Fearnleys cuts VLGC rate forecast for next two years after soft summer Analysts predict rate rises from next year will fall short of previous projections P&I market leader Gard reveals premium rise after bumper results Norwegian insurer announces return of capital to members after strengthening grip at top of P&I pile Evergreen pockets 'remarkable' sum from sale of ageing container ship Veteran boxship is reported sold for a price reminiscent of values during the Covid pandemic Gard reveals premium rise after bumper results Norwegian insurer announces return of capital to members after strengthening grip at top of P&I pile Veniamis family pockets considerable profit from sale of sole newcastlemax bulker Golden Union doubles its money after flipping large bulker to Chinese interests How might shipping fare after a second round of Trump tariffs? The first time around, tonne-miles dipped a bit, Clarksons' Frode Morkedal points out Christoph Toepfer and Kimball Chen seek court judgment in Borealis Maritime fundraising battle Shipping investment firm fights back after Energy Transportation Group lawsuit seeks a share of its success Subsea shipowner OMS signs for next-generation cable-layers in major renewal drive Owner renewing fleet of vessels dates back to early 1980s Saudi cash to boost Vietnam VLCC trade as refinery sector set for expansion But broker Poten & Partners says more oil product self-sufficiency will hit MR trade into Asian country Two-stroke LNG carrier rates hit historic lows as bloodbath persists Could US election results do anything to breathe hope into LNG shipping markets? Gunvor seals first US bond placement as institutional investors back $380m issue Trader and charterer says new financing source shows how trust has been built Spectre of a permanent parallel fleet of shadow tankers hangs over shipping, IOPC chief fears Gaute Sivertsen to seek more money from the 122-member body to cover the growing risk of oil spills Tanker rates slide as Opec agrees on second delay to production boost Postponement of increased output once again leaves some wondering if it will ever come 'Severe loss': Houthi attacks chop $6bn off Suez Canal revenues Foreign minister details impact of Red Sea rerouting New CEO takes helm at London P&I Club as old cases cast shadow James Bean takes over as lawyers argue in London over costs of clear-up following 2002 Prestige spill Tanker rates slide as Opec agrees on second straight delay Bloc delaying production once more leaves some wondering if it will ever come Purus fixes first methanol-ready wind ship to Denmark's Vestas UK shipowner says the Purus Chinook is due from Vard in 2025 Christen Sveaas-backed Sea1 Offshore inks methanol-ready newbuildings Owner in talks with yard for further new vessels Christian Ingerslev a free agent after ending 27-year stint at Maersk companies Former Maersk Tankers boss stood down from Maersk Supply Service after DOF took over the company on Friday Tanker and bulker collide, with spill reported off Spain Pollution appears to have dissipated following clash in Strait of Gibraltar Dynacom tanker order sees Chinese shipyard strike out into the suezmax segment Samsung Heavy Industries has subcontracted out Dynacom's suezmax tanker order to PaxOcean Zhoushan Paraffin reportedly spilled after tanker and bulker collide off Spain Pollution appears to have dissipated following clash in the Strait of Gibraltar Idan Ofer breaks new ground with 'first-ever' RMB newbuilding order for international shipowner Deal represents a win-win for shipowner, shipyard, charterer and lenders Pelagic Partners fixes product tanker to International Seaways on long-term deal Cypriot fund also adds two MPSVs to its fleet Houthis vow to enforce Red Sea 'blockade' with sold ships stuck on target list Rebels warn against attempts to bypass 'punitive measures' against Western shipping Aframax tanker arrives in Bangladesh for scrap as deals remain in short supply Shadowy afterlife of former International Seaways tanker comes to an end at Chattogram Boom time sounds again for shipbuilding sector in 2024 Clarksons Research says nine-month tally for newbuildings is running at $155bn Podcast: Clock ticks on FuelEU Maritime. Is shipping ready? Green Seas checks in with two digital tech companies that are helping the industry prepare for upcoming carbon rules Four Singapore shipping companies sanctioned by the US over Russian ties Companies identified as being the owners of four blacklisted LNG carriers that operate for Russia's Novatek

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NOVEMBER 4, 2024

Last-mile delivery startup SpeedX buys e-commerce logistics specialist Two-year-old SpeedX is entering the international logistics sector with the acquisition of Accelerated Global Solutions. Montreal port employers pressure striking union Employers at the Port of Montreal say they will suspend salary guarantees for striking longshore workers who have shut down two container terminals. Port of Mobile enters fourth phase of $104M container terminal expansion The Alabama Port Authority has begun the fourth phase of its $104 million container terminal expansion project at the Port of Mobile. British Columbia ports face shutdown in labor contract dispute The British Columbia Maritime Employers Association representing ocean carriers and terminal operators plan to lock out union forepersons after the International Stonepeak to buy air cargo company ATSG for $3.1B The growth of cross-border e-commerce shipping influenced investment house Stonepeak's decision to acquire Air Transport Services Group.