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Bilateral Investment Treaty between India and the United Arab Emirates comes into effect
Abu Dhabi Investment Authority commences operations in GIFT City
Textile industry seen growing to $350 bn by 2030
Asyad Group showcases prowess by handling complex gas turbine project
CONCOR facilitates strategic shift in movement of bagged cement from road to rail
Kerala govt launching logistics parks
L&T-SuFin unveils Seller Suvidha App for B2B e-commerce
The newly elected Office Bearers & Executive Committee Members of Maritime Association of Nationwide Shipping Agencies - India (MANSA) for the term 2024-26
JJLTPL to operate Additional Liquid Cargo Berths LB03 and LB04 at JN Port
CULines announces JFX - Jebel Ali Far East Express service
FIATA World Congress highlights importance of innovation, resilience and collaboration
Paradip Port handles record cargo in fiscal till date
CBDT forms internal committee to comprehensively review Income-tax Act; invites suggestions
Ninth consecutive month of double-digit year-on-year growth in air cargo
Deckhand fell asleep. Damage totaled $6 million A deckhand at the helm of a towing vessel had fallen asleep before the tow struck a dock near Clatskanie, Oregon last year, the National Transportation Safety Board says. The result was
BRIX Marine launches three new foil assist cats for Napali Experience Port Angeles, Wash.-based aluminum boat specialist BRIX Marine has launched three new custom-built 34-foot foil assist catamarans for Kaua'i, Hawaii, boat tour operator Na Pali Experience. Designed in collaboration with Jutson Marine
Navigare and Norwind exercise Vard 4 19 CSOV option Fincantieri reports that its Norwegian subsidiary Vard has signed a new contract for the design and construction of a tailor-made Vard 4 19 commissioning service operation vessel (CSOV) for Navigare Capital Partners
Drones Scour Ocean Depths for Missing Containers As maritime trade intensifies and container ships traverse increasingly congested routes, incidents involving lost cargo containers have surged. In this underwater reconnaissance operation, drones glide silently through the deep ocean, scanning for missing containers that have slipped off the grid during their voyage. As drones continue to evolve, their role in maritime salvage operations grows,
Maersk implements new Canada peak season surcharge Maersk will revise the peak season surcharge (PSS) for the scope of East Mediterranean to Canada, effective from 23 October for Canada. The Peak Season Surcharge levels will be as follows: Origin Destination ALL 20 DRY ALL 40 DRY ALL 45 HDRY 40 HREF Turkey, Lebanon, Egypt, Israel, Romania, Bulgaria and Georgia Canada US$2,000 US$2,000 US$2,000 US$2,000 Maersk revises peak season surcharge from Eu
CMA CGM applies peak season surcharge in Gabon French box line CMA CGM has announced a new peak season surcharge (PSS) for shipments from Gabon's port of Libreville. Starting from 5 October, the surcharge is US$150 per dry container and will be effective until further notice. If you liked this post, please consider donating The post appeared first on Container News .
Maersk announces port swap on SAECS/SRX service Danish ocean carrier Maersk has announced a port swap on its SAECS/SRX service, effective from 28 October. Maersk said in its statement that "as part of our ongoing efforts to enhance service efficiency and reliability, we will swap the London and Rotterdam ports on our SAECS/SRX service." Current Rotation: Port Elizabeth, Coega (South Africa) - Durban (South Africa) - Cape Town (South Africa) -
Unwind from ILA strike begins, ocean rates fall while air climbs: Freightos Update The ILA port worker strike ended last Thursday after the union accepted the USMX offer of a 62% wage increase over the next six years, and agreed to extend the expired contract until a January 15th deadline to resolve the remaining sticking points, with the role of port automation chief among them. Some speculate that the USMX will try to leverage its wage concession toward a compromise on automa
Hanwha Ocean allays delay concerns for boxships South Korea's third-largest shipbuilder, Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) has sought to calm talk that a suspension of work at part of its Okpo yard could delay the completion of boxships it is building. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donati
Peel Ports unveils "Taylor Swift" and "Usain Bolt" cranes at Port of Greeenock Peel Ports-operated Port of Greenock has officially unveiled its new GB£25 million (US$33 million) ship-to-shore cranes. Peel Ports Clydeport, which owns the UK port, welcomed guests to the port for a ceremony to celebrate the biggest-ever investment in Greenock's container facilities. "The west-facing freight port's new infrastructure is already benefitting customers, with one vessel recently de
ONE launches new India Coastal Express service Singapore-based container carrier Ocean Network Express (ONE) has announced the launch of its new weekly service "India Coastal Express (ICE)", connecting West Coast India, Sri Lanka and East Coast India. "The introduction of the new ICE service will undoubtedly expand ONE's service offerings and enhance its overall network in the ISC region with transshipment hubs at Colombo and Mundra," said ON
HHLA joins environmentally-friendly shipping initiative Germany's major port operator Hamburger Hafen und Logistik AG (HHLA) has joined the 'Hamburg Declaration on the Decarbonisation of Global Shipping'. HHLA CEO Angela Titzrath signed the declaration for environmentally friendly shipping in Hamburg on 7 October. She called the conference an important milestone in the joint effort to promote sustainability in the maritime and logistics industry. Titz
Dual reality for container trade in Southeast Asia and Middle East According to the Marine Trends 2030 survey, Southeast Asia is poised to lead in container transshipments through 2030. The report also forecasts significant growth in the Middle East, with the most substantial expansion in container trade expected between the Far East and the Middle East over the next two decades. This content is locked Select a CN Premium Subscription Package To Unlock The Conte
South Korea calls time on its first container pier Busan Port's Jaseongdae Pier, South Korea's very first all-container wharf, will cease operations after 46 years. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeared first on Container News .
LNG-fuelled vessels to make up 6% of global fleet Industry coalition SEA-LNG reports that active LNG-fuelled vessels account for more than 2% of the global shipping fleet. Including the current orderbook, this number increases to 4% by vessel numbers or 6% by deadweight tonnage (DWT). Numbers have grown from 21 LNG-fuelled vessels in operation in 2010, many of them smaller ships operating regionally, to 590 in operation globally today, including
Croatia's Rijeka Gateway to be fully powered by renewable electricity Rijeka Gateway, a major logistics project in Croatia, has secured electricity from renewable energy sources for the container terminal operation. This is expected to reduce CO2 and other harmful gas emissions significantly. The terminal in Rijeka, which is a joint venture between APM Terminals and ENNA Group, will be the most advanced in the Adriatic region, with most of its equipment electrified
Hong Kong Chamber of Shipping commences operations Hong Kong's International Maritime Centre (IMC) announced the establishment of the Hong Kong Chamber of Shipping (HKCoS) on 7 October. The launch ceremony, held before an audience of maritime luminaries from Hong Kong and Mainland China, unveiled a new organization with the ability to lead cooperation between Hong Kong's IMC and Mainland maritime-related businesses, government departments, and ed
V. Group opens expanded office in India V.Group, the global ship manager and marine service provider, has opened an expanded office in Chennai, India, strengthening the company's ability to engage with both customers and seafarers in the region. V. has a long-standing history in India, stretching back to 1984, and this new office is expected to strengthen the organization's presence in the country. The expanded office houses over 200 c
Euroseas secures new charter deal for 1,700 TEU feeder bosxship Greek vessel owner Euroseas announced a time charter contract for its 1,732 TEU feeder container ship Jonathan P for a minimum period of 11 to a maximum period of 13 months at the option of the charterer. The new charter with a gross daily rate of US$20,000 will commence after the completion of the 18-year-old ship's scheduled intermediate survey, expected around mid-to-end of October. Aristides
New brand for Shreyas Shipping and Logistics One of the major container shipping companies in India, Shreyas Shipping and Logistics, has rebranded to Transworld Shipping Lines. The renaming underscores the company's focus on integrating global shipping solutions under the Transworld umbrella, according to Ramesh Ramakrishnan, chairman of Transworld Group, who believes the rebranding will bolster the company's global identity, and propel it
First hydrogen refueling station for heavy traffic opens at Port of Gothenburg During the weekend, a hydrogen refueling station for heavy traffic has opened at the Port of Gothenburg. The station is located directly adjacent to one of the Swedish port's busiest gates, which is also one of the most truck-heavy locations in the country. The station exclusively supplies green hydrogen. "The large flow of trucks to the port and the possibility of refueling work machinery make t
New multipurpose terminal opens in East Java East Java Multipurpose Terminal (EJMT), part of International Container Terminal Service Inc.'s (ICTSI) operation in Indonesia, has opened for business this month. This is only one of a host of new terminals all opening across the giant archipelago, Southeast Asia's largest country. Construction of EJMT began in March 2023 and is equipped to serve diverse ...
Avenir agrees LNG bunker time charter with Eni Small-scale liquified natural gas player Avenir LNG has signed a time charter party with LNG Shipping, a subsidiary of Italian energy giant Eni, for one of its LNG bunker vessels. The chartered out vessel is the 2021-built, 7,500 cu m Avenir Aspiration. The multi-year time charter to Eni will begin from delivery in Europe in ...
Navigare Capital firms up CSOV option at Vard Denmark's Navigare Capital Partners has exercised an option for one newbuild offshore wind commissioning service operation vessel for Norway's Norwind Offshore. Earlier this year, the Copenhagen-based alternative investment fund manager struck a deal with Fincantieri-controlled Norwegian shipbuilder Vard for up to three CSOVs. One firm vessel, delivering in the first quarter of 2026, was contract
Edda Wind strikes charter deals for two newbuilds Oslo-listed offshore wind support vessel pureplay Edda Wind has landed charter contracts for two of its newbuilds with operations starting right after yard delivery. The first contract for the vessel to be named Vestri Enabler is expected to start in late November 2024 after delivery from Astilleros Gondán in Spain. Edda Wind did not name the ...
BP taps TechnipFMC for Kaskida subsea gig Energy major BP has awarded offshore contracting giant TechnipFMC an integrated engineering, procurement, construction, and installation contract for its Kaskida development in the Gulf of Mexico. The contract covers the design and manufacturing of subsea production systems, including 20,000 psi standardised subsea trees and manifolds. The scope also includes designing, manufacturing, and install
Black Sea descends into danger zone territory again The Black Sea has descended into a severe danger zone for merchant shipping with Russian military forces piling into the region and targeting Ukraine's exports. Having gone all year without any merchant ships coming under attack, another strike yesterday marks the fourth commercial vessel to be hit by Russian forces in the Black Sea in ...
Pangaea to take full control of Nordic Bulk Partners Nasdaq-listed Pangaea Logistics Solutions is taking full ownership of its four-ship-strong subsidiary, Nordic Bulk Partners. The Rhode Island-based bulker owner and operator has struck a deal with fellow Connecticut-based alternative asset manager Hudson Structured Capital Management to buy Nordic's remaining 50% equity ownership for $17.2m in cash. Pangaea said it expects to close the deal ...
Shreyas Shipping and Logistics rebrands to Transworld Shipping Lines One of India's top containerlines, Shreyas Shipping and Logistics, has rebranded to Transworld Shipping Lines to better identity with its parent company, Transworld Group Ramesh Ramakrishnan, chairman of Transworld Group, stated, "The renaming ... underscores our focus on integrating global shipping solutions under the Transworld umbrella. This move will enhance synergies across our various service
Seafarers risk arrest from using drones Seafarers need to be careful deploying drones while in port, even in seemingly friendly, liberal nations. A new report from Gard, a P&I club, details how a ship's officer of one of its member's vessels was recently arrested, fined and at risk of being deported from Norway for flying his personal drone over a commercial ...
Hong Kong Chamber of Shipping established The Hong Kong Chamber of Shipping was launched yesterday as a body designed to boost the city's credentials as an international maritime centre. CY Leung, former head of the territory, is one of the chamber's co-founders, with Hing Chao, the head of Wah Kwong Maritime Transport, serving as its chairman. "Ports, shipping companies in China, ...
Charterers commit to Geneva Dry 2025 Anglo American, Cargill, Eramet, Heidelberg Materials Trading, Trafigura, and Vale are among the who's who of chartering attending the 2025 edition of Geneva Dry, the world's premier commodities shipping conference scheduled for April 28 and 29 next year. Giving a sneak peak of some of the early names to have booked up for the show, ...
LNG shipping rates slump as winter floating storage prospects evaporate Newbuildings are being delivered prior to the startup of projects they were ordered against, and more importantly, demand for winter...
Strong September for US imports; no strike effect expected in October Imports remained elevated in September and are set to remain high in October. The National Retail Federation projects full-year 2024...
Daily Briefing Crude tanker rates rise as Middle East tensions reach 'fever pitch' | Methanol still 'best candidate' as Maersk prepares for...
UK shipping gets government support, but £700m might be a stretch The UK's transport minister Louise Haigh is on a charm offence with the maritime sector, promising to be the industry's...
More green ships doesn't mean more green shipping, yet Zemba's recent work on market readiness for e-fuels reveals more bad news for zero-carbon shipping
P&I club net income per gt hitting all-time highs, argues Marsh Run of rate hikes in recent years 'overdone', according to biggest marine broker
Crew uncover drug smuggling operation on bulk carrier A crew member on board panamax bulk carrier Jawor noticed that a seal was missing in a void space and...
Cadeler dismisses concerns about Chinese shipyard dependence The chief executive argues that Europe has little opportunity to repatriate shipbuilding operations, but green fuel supply must come from...
Methanol still 'best candidate' as Maersk prepares for multi-fuel future Maersk head of energy transition Morten Bo Christiansen says a portfolio approach to future fuels is essential, but methanol remains the...
ENI to charter Avenir LNG bunker vessel LNG bunker fleet continues to expand as Italy's ENI agrees to charter a vessel from Avenir LNG next year
Florida ports closed to inbound traffic as US state prepares for Hurricane Milton The tropical storm 'exploded' into a Category 5 hurricane on Monday evening and is expected to make landfall between Tuesday...
EU shipping emissions fell in 2023 The European Union's shipping CO2 emissions fell on the year in 2023, as most segments emitted less. These were led...
Electronic bunker delivery notes can help ease LNG bunkering shortage Up to 4% more supply could be eked out through efficiency gains by using electronic bunker delivery note systems, argue...
Wilhelmsen Ship Management COO becomes new head Under the new leadership, the third-party shipmanager will celebrate 50 years of service under the ownership of the Wilhelmsen Group...
Surging South Korean engine orders show Chinese shipbuilding reliance on foreign suppliers South Korean engine makers are increasing sales to shipyards in China. Orders from Chinese shipbuilders to Hanwha Engine and HD...
Shipping on alert as Russia hits another ship, killing one and injuring five Ukrainian foreign minister denounces Russian 'terrorist' attacks on shipping after a Palau-flagged ship is hit by a Russian missile hours...
Cosco Shipping Holdings third quarter profits triple on container market tailwinds Cosco Shipping Holdings saw third-quarter profits explode as the container shipping arm of China's state behemoth rode freight market tailwinds...
US retailers expect modest import bump in October to close out peak season Last week's three-day longshore strike on the East and Gulf coasts is not expected to disrupt transportation supply chains ahead of the traditional beginning of the holiday shopping season, the National Retail Federation said.
Montreal dockworkers to refuse overtime in latest salvo against port employers The union's refusal to work overtime has prompted Montreal's employer group in turn to decline to pay longshore crews that do not have a full complement of workers.
Hub Group boosts cross-border business in JV with Mexican dray carrier The second-largest US intermodal provider believes a partnership with a large Mexican carrier will present an attractive option for cross-border shippers.
Back-to-back hurricanes roil US truck spot market, pushing up rates Following Hurricane Helene by less than two weeks, Milton will draw more truck capacity to the Southeast, upsetting market balance and pushing spot prices higher.
Strike bullet dodged for now, but raises questions of market resilience: analyst Market participants yearning for a market where adverse events never lead to major supply chain hiccups are essentially asking for a reality that has never existed, writes Lars Jensen.
'Some carriers simply need new tonnage': These liner companies have the most old tonnage to replace Maersk still has not ordered enough ships to replace veteran tonnage, while MSC has the biggest stack of older vessels
Cold winter for seaborne coal ahead as Chinese and Indian appetite cool off Analysts expect weaker demand from two major importers in the coming months, with loadings already affected
Condition Zulu: Ports close across Florida as 'extremely dangerous' Milton bears down Powerful hurricane hit Mexico's port of Progreso before heading to US Gulf Coast
Product tanker rates surge in storm-churned Gulf of Mexico Hurricane Milton heads for refined product port of Tampa as OSG moves vessels away from the storm
Aframax tankers face demand hit as Africa's biggest refinery turns to domestic crude Nigeria's Dangote plant reducing reliance on tanker imports as it ramps up production
US shipping stocks take a dive as doubts over China strength spread west Bulker and tanker equities absorb an early beating as investors ponder key market
Maersk green guru Morten Bo Christensen: 'I'd hate to be seen as endorsing LNG' Danish liner giant's LNG ship orders 'more of a portfolio move and certainly not a pivot'
UK transport chief aims to put maritime at 'the heart of government plans' Louise Haigh makes pledges to be the sector's 'biggest champion'
Kristian Jebsen sells remaining Gearbulk stake as Marubeni buys into $1bn fleet Japanese trader joins MOL as shareholder in bulker group
Union Maritime books 'very strong' profit powered by flurry of tanker sales UK owner also reveals charters for newbuildings alongside its own massive orderbook
'Step change' in Russian attacks on shipping pressures Black Sea war risk premiums Underwriters likely to push for rates to increase after four attacks on vessels in a month
Red Sea riches: Chinese giant Cosco tips boxship earnings to jump 280% to $3.4bn Rebound in profit comes after disruption to normal trading routes
Andreas Martinos firm Minerva Marine buys its fourth container ship Major Greek owner delves further into box sector with purchase of latest vessel
Lloyd's Register Foundation awards South Korean university $5.2m maritime safety research grant Money will fund Seoul National University's research in developing safer operations in maritime
Navigare and Norwind head back to Vard for offshore newbuilding Danish-Norwegian tie-up orders a commissioning service operation vessel
No way out: 'Hormuz closure would rock tanker markets', says BRS Broker also says grey fleet tankers are likely to redeploy if Israel takes out Iranian refineries
On their bikes: Clarksons brokers celebrate raising £250,000 in global charity day London-listed group says more than 280 staff from 10 countries took part
John Fredriksen-Wilhelmsen tie-up Edda Wind fully booked with two deals for CSOV newbuildings Offshore vessel owner secures work in UK and Taiwan
Peter Livanos venture EcoLog joins drive to forge UK carbon capture and transport hub Company named with group of 11 pursuing new cluster centred on Port of Bristol eyeing offshore geological storage
Latsis family office spends big on Greek motorway concession deal Shipping tycoons make ever larger bets on national economy
Hoegh Autoliners warns over market volatility as September rates and volumes irk investors Second-quarter results fell slightly as Norwegian car carrier changes focus to securing backlog
Isle of Man flag dangles green carrot to entice big Berge Bulk ships Singapore shipowner returns to one of its favoured registers for its newbuildings
Greek giant cashes in container ship quintet and snaps up younger vessel Contships has been seeking buyers for nine vintage feeder vessels in fleet renewal move
Gasum and Wasaline team up to build out FuelEU Maritime pooling service Finnish companies plan to offer use of over-compliant ferry to compensate for emissions of conventionally fuelled ships
Avenir fixes out LNG bunker vessel to Italy's Eni in multi-year deal Company is sitting on one firm open newbuilding as market for LNGBVs tightens
Hoegh Autoliners cautions on market volatility as September rates and volumes irk investors Volumes and rates fell slightly as company shifts to securing backlog
Narcos trying to smuggle huge stash of cocaine onto ship thwarted by crew in Brazil Seafarers reported discovery to police while at anchor off Itaqui
Ship allegedly laden with Israel-bound explosives banned from entering Malta Transport Malta says vessel will not be allowed to enter its waters for a crew change
How to avoid Houthi missile strikes: One critical decision makes ships significantly more likely to be hit European naval mission says that switching off AIS saves lives from Red Sea missile attacks
DOF pulls share offer amid 'significant' trading volumes after Maersk Supply takeover Offshore shipowner says investors have had ample opportunity to repair the dilutive effect of summer stock placement
'Constant need for feeder ships': Euroseas takes big pay cut on new charter Greek owner fixes 2006-built vessel for up to 13 months
New UK government urged to splash out £700m on decarbonising shipping Net-zero investment priorities set out in new road map
New Fearnleys fund manager stays away from shipping bonds given rich market Shipping credit coupons are too low, says Roar Tveit
Amoysailing expands bulker fleet with newbuildings and secondhand vessels Chinese shipowner has ordered four ultramax bulk carriers at Jiangsu Haitong
Lloyd's Register Foundation awards South Korean university with $5.2m maritime safety research grant The grant will fund Seoul National University's research in developing safer operations in maritime
MSC culls container ship ahead of Indian scrap price firming Recycling sector looks set to benefit from proposed tariffs on imported steel
SM Group's Korea Line LNG named as behind single LNG bunker vessel order Arm of steel-making giant set to operate new 12,500-cbm unit
Russia strikes second ship in Ukraine within 48 hours, leaving port worker dead Five seafarers also injured as missile hits cargo vessel in Odesa
1 in 6 Florida gas stations already out of gas as Hurricane Milton nears The stress on Florida's fuel supply chain is rapidly intensifying as Hurricane Milton closes in on the state's central-west coast.
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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