Bremer Lloyd broadens global reach with strategic entry into Indian market
Maharashtra Logistics Policy-2024 approved by State Cabinet
China to North America, North Europe container shipping demand at a high
No coking coal import consortium likely in India
CCI approves acquisition of 100% equity stake, management and control in 12 special purpose vehicles of PNC Infratech and PNC Infra Holdings by Highway Infrastructure Trust
Textile biz seen shifting to India from B'desh due to turmoil
PLI scheme for container manufacturing may be delayed
EU's proposed CBAM to cost 0.05 pc of India's GDP, says a report
SMP-Kolkata's KDS facilitates the trade with multiple promotional measures
MSC improves its Asia-North Europe network
E-platform for exports on the anvil
Warehousing, logistics absorption up 8 pc in H1 2024
India a net exporter of onion: Minister
Maximum permissible draft for outer approach channel at New Mangalore Port reduced
U.S. continues strikes on Houthi assets As U.S. efforts to neutralize Houthi assets and access to weaponry continue - both on the ground and in the court room, United Kingdom Maritime Operations said today that it had received
VIDEO: Vice Commandant Lunday says three USCG cutters laid up by personnel shortages Issues that the Coast Guard faces with workforce recruitment and in maintaining mission readiness were among those in focus in a wide-ranging August 7 discussion with USCG Vice Commandant Adm. Kevin E.
Island Offshore PSV bunkers bio-LNG The Island Offshore PSV Island Crusader is being bunkered with bio-LNG in a series of operations being carried out in cooperation collaboration with the vessel's charterer, Equinor. The bio-LNG bunkerings are being
Ulsan Port Authority and Hyundai Oil Terminal sign US$17.6 million investment deal On 1 August, the Ulsan Port Authority (UPA) signed a US$17.6 million equity investment agreement with Hyundai Oil Terminal Corporation. This partnership aims to develop South Korea's alternative marine fuel supply chain with Ulsan Port as its hub. This investment is a key step following the government's emergency economic ministerial meeting in November 2023, where the 'Plan to Establish an Alter
Euroseas reports strong first half results Greek vessel owner Euroseas reported total revenues of US$105.4 million in the first half of the year, representing a 17.6% increase over total revenues in the same period in 2023. Additionally, the company achieved net income of US$60.8 million and adjusted net income of US$52.8 million in the first six months of 2024. At the same time, Euroseas' adjusted earnings before interest, taxes, depreci
cargo-partner enhances cost-efficient Europe-Asia FCL transports In addition to its transport solutions from Asia to Europe, Austria-based logistics company cargo-partner has now expanded its services in the reverse direction. Beyond the traditional destinations in China, this route now includes shipments to India and Southeast Asia, capitalizing on the current favourable pricing. The recent surge in demand for imports from Asia, coupled with extended transit
Sea-Intelligence reports no sign of sudden US spending boom The US consumer spending data released by the US Bureau of Economic Analysis (BEA) shows that there has not been a sudden increase in the consumer spending, lending support to the notion that the early peak season for container goods is driven by front-loading of imports and not a sign of consumer spending surge. At the highest level, data is separated into 'goods' and 'services'. 'Goods' are fur
Tanker fire claims five lives, injures 15 seafarers A domestic Indonesian tanker caught fire off the resort island of Bali around 3 am local time on 7 August, killing five crewmen and injuring 15 more. Indonesian police said that the 2016-built, 3,639 dwt products tanker, Elisabet Satu, manned by 21 crewmen, caught fire at Gili Tepekong in Bali's Karangasem district while sailing to West Nusa Tenggara province. One of the crewmen told the police t
Suez Canal restart won't solve container shipping turbulence, warns Lars Jensen Shippers should expect ongoing volatility in container shipping freight markets through 2025. According to Lars Jensen, CEO of Vespucci Maritime, even with operations resuming through the Suez Canal, immediate relief from disruptions and soaring freight rates is not guaranteed. On the latest episode of The Freight Buyers' Club podcast, Jensen, a container shipping analyst and consultant, discusse
Maersk introduces Africa peak season surcharges Maersk will implement a Peak Season Surcharge (PSS) for shipments from Europe to West Africa, effective from 19 August 2024. The surcharge will apply to 20' Dry, 40' Dry, 40' High Dry, and 45' High Dry containers. Origin Destination Container type Currency Rate Albania, Algeria, Bulgaria, Croatia, Cyprus, Georgia, Greece, Israel, Italy, Lebanon, Libya, Malta, Moldova, Morocco, Portugal, Romania,
Peel Ports Clydeport appoints new Head of Marine Alex McIntosh has been appointed as the new Head of Marine at Peel Ports Clydeport, making her the first woman to hold this position within the port group in Scotland. Based at the Port of Greenock, Alex McIntosh will oversee the safe navigation of various vessels, from luxury cruise ships to container ships, across 450 square miles of water. Her career with Peel Ports began in early 2010 when sh
Hapag-Lloyd applies new PSS from Far East to Australia German shipping company Hapag-Lloyd has announced a Peak Season Surcharge (PSS) from the Far East to Australia. The surcharge will be effective from 22 August for cargo sailing from China, Japan, South Korea, Hong Kong and Macau to Melbourne, Sydney, Brisbane, Adelaide and Fremantle, while it will commence on 6 September for Taiwan - Australia sailings. The PSS will be US$500 per TEU for all cont
Another record-breaking month for container shipping demand from China to North America and North Europe Ocean container shipping demand from China to North America and North Europe continued to break records in June as importers rushed to protect supply chains amid the global disruption caused by conflict in the Red Sea. The latest data, released this week, shows 800,000 TEUs were shipped from China to North Europe in June, which is the highest-ever monthly figure on this trade. While the trade fro
Georgia Ports boosts inland connectivity with Blue Ridge Connector expansion The Georgia Ports Authority (GPA) is undertaking a significant expansion of its rail cargo capacity to enhance the movement of containers across Georgia and into the Midwest. Wesley Barrell, the GPA General Manager of Inland Operations, announced this development during the inaugural Greater Hall Chamber of Commerce Logistics Forum held on 6 August. "Construction is moving along well. With anothe
OrbitMI drives sustainable LNG shipping with advanced data solutions Transporting LNG involves complex decisions crucial for efficiency and environmental compliance. LNG operators can lead in sustainable shipping by using advanced data-driven technologies, enhancing performance in this expanding sector, says OrbitMI. LNG, a key transition fuel with lower emissions than diesel and HFO, is driving new builds, with 371 LNG carriers on order alongside the existing 693
Wilson owner Kristian Eidesvik passes away at 78 The owner of mini-bulker giant Wilson, Kristian Eidesvik, has passed away due to an illness at the age of 78. Eidesvik (pictured) became an owner of Wilson in 1995. Following the IPO in 2005, he became the majority owner through his investment company Caiano and was the chairman of the board until two years ago. ...
Havila Shipping bags Peterson PSV contract Norwegian OSV player Havila Shipping has secured a new contract from energy industry logistics provider Peterson Den Helder for the platform supply vessel Havila Borg. The 2009-built PSV, which has previously worked for the Peterson Offshore affiliate, has been fixed at current market terms for two wells estimated to 200 days, with contract commencement within ...
Icon Energy snaps up its first kamsarmax Nasdaq-listed Greek bulker outfit Icon Energy has acquired a Japanese-built kamsarmax for $17.57m. The deal marks the Ismini Panagiotidi-led company's first acquisition following a $5m initial public offering last month. Icon Energy was set up in August last year and currently owns the 2006 Japanese-built 77,326 dwt panamax bulker Alfa (pictured) brought in from Pavimar ...
Ocean City set to sue authorities if they approve wind project offshore Maryland Ocean City, a resort town in the US state of Maryland, has stated that it would sue the Bureau of Ocean Energy Management (BOEM) if it gives a favourable record of decision to US Wind's project. In a city council meeting, mayor Rick Meehan stated that the town's stance continues to be against the project ...
World's largest container port adds an extra 2.6m teu in annual capacity Shanghai, the world's largest container port, has opened a brand new container terminal area to the north of the city centre on the south bank of the Yangtze River to go alongside existing container terminals in Waigaoqiao and Yangshan. The first phase of Shanghai Luojing Port opened this week, adding an extra 2.6m teu in ...
Extra container terminal capacity under development in Mexico as Chinese trade surges Extra container port capacity is being readied at one of this year's top growth spots on the liner trades. International Container Terminal Services, Inc (ICTSI) has earmarked $300m to take annual capacity at its terminal at the port of Manzanillo on the Pacific from 1.4m teu to 2m teu. The news comes as global liners ...
Vineyard Wind incident sets off calls for offshore wind construction moratorium Environmentalist group Green Oceans has called for a federal and state moratorium on all offshore wind development in the wake of the incident regarding the damaged blade on the Vineyard Wind farm off Nantucket. The organisation, with a mission to "preserve Rhode Island's bays, beaches, and ocean from environmental harm", is also suing to block ...
Kenneth Hvid steps in to head Teekay Tankers as Kevin Mackay departs Teekay Corporation and Teekay Tankers have made several key senior management changes. Teekay Tankers' president and CEO Kevin Mackay and CFO Stewart Andrade will leave the organisation this month. Kenneth Hvid, Teekay's current president and CEO and Teekay Tankers' chairman, will take on the added role of Teekay Tankers' president and CEO. He has been ...
Deadly fire rocks Indonesian product tanker A product tanker, Elisabet Satu, caught fire off Bali yesterday with five crew dying and another 15 injured. The eight-year-old, Indonesian-flagged ship was on a domestic voyage when two explosions occurred near the accommodation block following a fire which is believed to have started in the engine room. The ship quickly blacked out following the ...
Euronav sells VLCC for FPSO conversion Belgium's Euronav is offloading one of its very large crude carriers for conversion into a floating production, storage, and offloading vessel. The Alexander Saverys-led dual-listed owner said in its quarterly earnings statement that a deal had been struck with a subsidiary of Total Energies for the 2012 Samsung-built Alsace. The 299,999 dwt ship, estimated as ...
Indian imports of Russian oil leap by 1,000% since start of full-scale invasion of Ukraine India now depends on Russia for 40% of its crude oil imports, according to new analysis from shipping organisation BIMCO, something that has had a notable impact on the aframax and suezmax trades in particular. "Year-to-date, volumes have reached an average of 1.6m barrels per day, an increase of 1,000% compared to 2021, before Russia ...
LNG terminal slated for Mexico's Pacific Coast Two Houston gas players are to develop an LNG terminal in Mexico. GFI LNG and Pilot LNG have formed a partnership to develop, construct, and operate a small-scale LNG terminal in Salina Cruz on Mexico's Pacific Coast. At full build-out, the facility is anticipated to produce 600,000 gallons of LNG per day, or roughly ...
SBM Offshore to supply Woodside with Trion FSO Dutch floater expert SBM Offshore has signed a contract with Woodside's Mexican arm a contract for the provision of a floating storage and offloading (FSO) unit for the Trion deepwater oil field development. Under the deal, SBM Offshore will construct and then lease to Woodside an FSO unit for 20 years. This award complements the ...
Rajalingam steps down at MISC with AET head taking over Two years since he took the role, Rajalingam Subramaniam has decided to step down as the head of Malaysia's flagship. Rajalingam - known in local shipping circles as Captain Raja - is quitting his role as president and CEO of MISC to pursue other interests with the board announcing Zahid Osman will step up to ...
Mozambique emerges on the dry bulk export map Mozambique has emerged on the dry bulk map, with exports tripling over the space of the last decade. Much of this growth has been down to the expansion of coal trade from Nacala port, but it is being supplemented by trend growth in ore and concentrate exports from other terminals, according to new analysis from ...
Ukraine callers buck advice to sail through Nato territorial waters Ukraine's 'temporary corridor' exists only within the country's sovereign waters, but ships are strongly recommended to sail through the waters...
Eurodry trims loss amid signs of seasonal dry bulk slowdown Outlook remains volatile, according to chief executive Aristides Pittas, but at least rising orderbook will not have any impact in...
Chittagong port battles ongoing congestion amid political unrest Several vessels have been waiting at the nation's largest port for seven days
CMES establishes tech subsidiary for digitalisation The subsidiary will operate on the BRITC eBL Platform, an infrastructure launched by CMES in 2021, offering electronic bill of...
Chamber of Shipping set for dialogue with new UK government 'It is not for government to fix everything and indeed the industry is not after that. We like flexibility and...
Five killed and 15 injured in Bali tanker fire Five of the 20 crew have been killed and several rushed to hospital after fire on tanker carrying petrol from...
MOL and Hanwha Ocean join forces on wind propulsion for LNG carrier While working with MOL, Hanwha Ocean as well as its domestic peers, are also developing their own wind sail and...
Profit dips at Norden as freight services and trading unit remains in the red After delivering nearly $700m in profits to the Danish shipowner over 2022 and 2023, Norden's asset-light division reports loss for...
Week in charts: Containership charter rates plateau | Shipping shares fall sharply amid widespread Wall Street sell-off | P&I clubs to push for further premium hikes Despite the seasonal lull, charter rates are displaying resilience across most size segments, says Braemar, while gains made by some...
Genco pushes for net zero debt in strong market Genco Shipping wants to cut its debt pile and balance the risk of higher major bulk earnings with the relative...
IMO carbon price impact assessment to set up political debate at MEPC82 Unctad argues that the highest-priced levy would have the least effect on global economic growth in 2050, while a DNV...
Excelerate moves for LNG terminals in Vietnam and Alaska Excelerate said it had exclusive rights to supply LNG to the terminal in Vietnam and will own all regas capacity...
Red Sea factor helps boost diversified Euronav across most segments 'It has been a long time since all markets are having a positive supply-and-demand balance - the outlook is exceptional...
International Seaways sees sustained tanker market strength Tanker fleet to continue benefiting from 'positive oil demand trends', higher tonne-miles, and limited shipyard capacity, International Seaways chief Lois...
Teekay announces major leadership reshuffle Teekay Tankers chief executive Kevin Mackay and chief financial officer Steward Andrade will depart the company at the end of...
Star Bulk profit soars after absorbing Eagle Bulk US-listed bulker giant has 'constructive' view of future dry bulk market, despite geopolitical uncertainties
Daily Briefing Maersk to 'balance the bet' with LNG backtrack on future fuels | Extended Red Sea disruption returns Maersk to profit and...
'Near-record surge' possible for US imports in August: retail group With the potential for labor disruption looming at the end of September, the Global Port Tracker has again upgraded its short-term forecast for imports, saying it expects year-over-year monthly increases at least through the end of the year.
US intermodal savings rose in Q2 for spot loads, unchanged on contract business The average contract cost savings for a shipper choosing intermodal rail over truckload in the US was just over 25% in the second quarter, according to the latest Journal of Commerce Intermodal Savings Index.
3PLs claiming LTL freight gains from US customers, carriers Some non-asset logistics providers are adding LTL volume and revenue as truckload brokerage keeps declining.
Maersk's LNG order hedges bet on green fuel technology: CEO The future of shipping will consist of several different fuel technologies living side by side, with bunker fuels being part of the mix for "many years," according to Vincent Clerc.
Wallem Group and Chinese giant Cosco ink fresh ship management cooperation deal Hong Kong and Chinese groups deepen strategic relationship on crewing and data analysis
Houthi lull ends as grenade explodes near Delta tanker and missiles take aim at container ship Militant group claims attack on Contships-managed feeder vessel
New year, same result: Pangaea Logistics brings consistency to quarterly earnings Rhode Island owner heads into Arctic ice season with a familiar second-quarter profit
Houthi lull ends as grenade explodes near Delta tanker and missiles aimed at container ship Militant group claims attack on Contships-managed feeder vessel
Interview: Seanergy looks to next capesize buy as 'supply, supply and supply' buoy outlook New York-listed bulker owner targeting S&P deal that chief executive says no one will question
LNG market supply constraints set to extend out to 2026 to 2027, Cheniere says Demand growth from Asia expected to nearly double in next 15 years
Sea Cargo Charter adds mining and metals company South32 Australian outfit brings decarbonisation reporting framework to 20% of bulk commodities trades
Genco Shipping set to add 'two or three ships' soon after selling older bulkers Small deals will do unless a big one comes along, but that's 'not the easiest'
Aframax demand takes a hit as Libya declares force majeure on export terminal for largest oilfield Sharara oilfield has been the target of protests, producer NOC says
Excelerate Energy CEO says fleet growth is 'a bit of an obsession' Incoming reliquefaction kit for FSRUs offers one-year payback time for some
Navigator lines up $100m investment as part of trebling of global clean ammonia production Shipowner aims to ship low-carbon fuel from Ten08 project on ammonia-powered carriers from 2029
Glencore rejects potential antitrust risks in future coal M&A Chinese demand driving coal prices, higher imports expected this year
Havila Shipping heads to the Netherlands for offshore work Peterson Den Helder will keep one of the Oslo-listed company's PSVs for at least 200 days
Aristides Pittas bulker venture EuroDry stays in the red on dry-docking costs Greek owner of midsize bulkers evaluates 'investment opportunities' while awaiting higher earnings for its ships
Alexander Saverys confirms talks with ExxonMobil over fleet of new chemical tankers Belgian owner's CEO says newbuilding orders might be placed for seven charter-backed ships
Pacific Basin Shipping confirms double bulker sale and supramax buy as asset prices climb Hong Kong-listed shipowner has been renewing its fleet with the sale of two veteran vessels
Uniper eyes deal to ship hydrogen from Norway on new Provaris carriers German company to explore off-take at Norwegian Hydrogen plants
US Gulf VLCC loadings set to hit record levels in August Brokers and analysts detail a big number of fixtures already concluded this month
Pacific Basin Shipping profit slips on lower bulker earnings High number of chartered-in vessels compared with owned means slimmer profit margins
Stainless Tankers weighs sale of older vessels as buyers circle, says Andrew Hampson Opportunistic chemical tanker player says it is fielding plenty of calls on 2005-built pair
Selling before the storm: Gersemi fund reduced tanker exposure before shipping rout Joakim Hannisdahl explains rationale behind his stock trading in volatile sector
Tanker explosion leaves five seafarers dead and 15 injured in blaze After the initial explosion, vessel lost power
Milena Pappas back on Star Bulk board as Oaktree withdraws final representative Daughter of CEO Petros Pappas moves in as Oaktree's share in major bulker owner drops below 5%
Hunter Group loses $22,000 per day on VLCC charter bet Norwegian investor hit by weak summer market for tanker duo
Excelerate Energy closes in on new LNG terminals for Alaska and Vietnam Regasification specialist set to retrofit reliquefaction kit to some of its FSRUs
'Most profitable shipping markets in decades' hang in balance with US election, warns Euronav Tanker, bulker and boxship group sees risk to tonne-mile demand if industry returns to pre-war trading patterns
Norden hit by red ink at its operator business as it shaves full-year profit forecast Owner-operator has intitiated a new share buyback scheme
Star Bulk reveals fresh vessel sales in wide-ranging fleet overhaul US-listed bulker behemoth raises nearly $450m by shaking out 25 ships over the past 18 months
Euronav lifts backlog above $2bn with suezmax and chemical tanker charters of up to seven years Shipowner reveals new term deals as it envisages uncertainty over firmer spot rates
Euronav completes older tanker sales with VLCC disposal Belgian shipowning group sees profit boosted by offloading of VLCCs to Sinokor
'Life-changing' injuries to worker sees DP World Southampton fined $1.27m Company failed to implement its own policy for the use of permits to work at height, says HSE
Teekay Tankers rings the changes with two top executives heading for exit Chief financial officer Stewart Andrade is also heading out the door
DP World Southampton fined $1.27m after worker suffers 'life-changing' injuries Company failed to implement its own policy for the use of permits to work at height, says HSE
Swire Shipping completes sustainable biofuel trial on transpacific service Use of the biofuel was estimated to reduce emissions by up to 15%
MISC CEO heads for the exit after less than two years in top job Malaysian shipping giant names AET boss as replacement for Rajalingam Subramaniam
Kevin Mackay to leave Teekay Tankers by end of August Shipowner says chief financial officer Stewart Andrade is also heading out the door
ATSG takes profit hit as Amazon returns leased freighters Amazon logistics partner Air Transport Services Group expects better revenue and profits the rest of this year after a difficult second quarter.
Air Canada drops 2 late-model Boeing freighters from fleet Air Canada has jettisoned two freighter aircraft from its fleet because there isn't enough business to justify the cost.
Flexport's global head of ocean freight focuses on helping companies grow Digital freight forwarder Flexport has appointed Trine Nielsen as global head of ocean freight.
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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