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MARCH 11, 2024

Jawaharlal Nehru Port safely berths tanker at new additional Liquid Berth Terminal Paradip Port & MSC commence Paradip Shuttle Service at PICT CONquest 2024 - Business Forum and Northern India Multimodal Logistics Awards successfully confers on relevant issues and honours some of the best in New Delhi APM Terminals Pipavav's standalone net profit rises 39% in Q3FY24 DGFT notifies SEZs' inclusion in RoDTEP WTO sees global trade likely bouncing back in Q1 2024 Baltic Exchange Market Report (8 March 2024) Ministry approves key projects at Syama Prasad Mookerjee Port Crude tanker newbuild contracting seeing massive surge: Report India's GDP seen growing at 7 pc in FY2025: UBS

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MARCH 11, 2024

The countdown for OPS in Barcelona is on RoadOne strengthens sales team Banking on data-driven pricing decisions Launching a new pack bench Battery-electric trucks near the Arctic Circle Duisport merges logistics services A 6.5% rise in group revenue Unsworth names MD for UK Multi-carrier parcel shipping in the Americas Each train journey replaces 129 HGVs Finnlines: a dip in 2023 Cargospot lands in Greenland Former president of Ateia Madrid dies On your marks... "Curiosity of the Day" Arkas Line expands TLS route 50 Nikola hydrogen fuel cell trucks join fleet

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MARCH 8, 2024

Red ink warning for Yang Ming as Red Sea spot rate gains ease SeaCube Container boss calls for more reefers to be manufactured outside China FedEx vs UPS - M&A arm-wrestling, with or without Schenker Air cargo carriers see a brighter year on the radar after 2023 disappoints SATS - a glimpse of light, yet little value spotted Cosco chief calls on Chinese government to boost workers' rights DB Schenker looks to build an integrator footprint in India Commercial risk to Maersk from its integrator strategy is 'too high' US cyber experts probe suspect modems on China-made cranes New sanctions see Sinokor suspend shipping services to Vostochny Cargojet: the 777 era may have ended before it took off, but life goes on

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MARCH 8, 2024

New attack attempt underscores continuing Houthi threat Despite the outrage expressed by shipping organizations over the lethal Houthi attack on the Barbados-flagged bulker True Confidence in which three seafarers died and others were seriously burned, the Iranian-backed terrorist group Norwind and Navigare back at Vard for a fifth CSOV Ålesund, Norway, headquartered Norwind Offshore and Copenhagen, Denmark, headquartered Navigare Capital Partners have signed a contract with Fincantieri's Vard subsidiary for the design and construction of a customized commissioning service operations vessel SeaLoading and Petrobras eye build of new cargo transfer vessel Mitsui O.S.K. Lines (MOL) reports that its wholly owned subsidiary, SeaLoading Holding AS has signed a charter contract for the cargo transfer vessel SeaLoader 2 with Petrobras. The two companies have also

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MARCH 8, 2024

Associated British Ports appoints new Lead Property Development Manager Major UK port and terminal operator Associated British Ports (ABP) is bolstering its property team by appointing Ben St-Quintin as the new Lead Property Development Manager for the Wales & Short Sea Ports region. In his role, Ben will be responsible for driving success across ABP's extensive UK property portfolio, encompassing 16 ports located in Wales, the Southwest, East Anglia, the Northwest, Oil leak from capsized barge off Tobago halts after a month According to the Government of Trinidad and Tobago, the discharge of hydrocarbons from the overturned vessel near Cove, Tobago, has stopped, as confirmed by an underwater survey carried out by T&T Salvage/QT Environmental. The oil leak was caused by the capsizing of a barge carrying up to 35,000 barrels of fuel oil in early February off the Caribbean island of Tobago. The team from T&T Salvage/QT Course reversal: HMM sale not on the cards South Korea's Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang was speaking at a government forum on 7 March, when he was asked about the recent failure to sell the country's flagship carrier to the Harim Group-JKL Partners consortium. HMM's 2023 net profit had plunged 90% year-on-year, to US$750 million Port of Barcelona receives first OPS substation for boxships The Port of Barcelona has installed its first Onshore Power Supply (OPS) substation as part of the Nexigen project, marking a significant step towards establishing the OPS system, which will provide electricity to container ships docked at the Spanish port, allowing them to switch off their engines and reduce emissions. The OPS substation, assembled by PowerCon company in Denmark, consists of six PSA Singapore launches Jurong Island Terminal expansion project PSA Singapore has unveiled a strategic initiative to expand its Jurong Island Terminal (JIT) in response to escalating demand for sustainable, efficient, and resilient supply chain solutions within Jurong Island's industries. Situated on Jurong Island's northwestern seafront, JIT offers twice-daily barge services linking beneficial cargo owners (BCOs) on Jurong Island with PSA's primary hubs at T Indian box volumes tick up despite Red Sea-linked supply chain disruption Containerised trade through India's major and minor private ports saw measurable traction last month, according to exclusive port data obtained by Container News . Combined volumes hit nearly 1.9 million TEUs in February, up nearly 5% from 1.8 million TEUs in January. Of this, Adani Group-owned Mundra Port accounted for 635,000 TEUs in February, compared with some 618,000 TEUs in the prior month. APM Terminals Callao: Green transformation with renewable energy and new leadership Maersk-owned global port and terminal operator APM Terminals (APMT) has announced that its terminal in Peru, APMT Callao, is on pace to reduce its emissions by 36% in 2024, 55% in 2030 and be a zero-emission terminal by 2040. APMT Callao has proceeded with several decarbonisation initiatives, including the utilisation of renewable energy, improved energy efficiency and equipment electrification. South Korea automates Incheon New Port through US$760 million investment President of South Korea Yoon Suk Yeol aims to bolster the aviation and shipping sectors through several initiatives aimed at expanding facilities and infrastructure in the western port city of Incheon. Yoon Suk Yeol emphasized that enhancing Incheon's competitiveness serves as a "shortcut" for the nation to make a "big leap" forward. "We must realize grand innovations in our strategic industries CLdN introduces new Rotterdam-Ireland services CLdN has unveiled new services connecting the Dutch port of Rotterdam and Ireland, chartering two 962 TEU lift-on/lift-off (LoLo) cargo vessels, Pavo J and Andromeda J. These vessels will transport container cargo between Rotterdam's Distriport terminal and Ireland's ports in Dublin and Cork. The launch of these LoLo services will optimize CLdN's roll-on/roll-off (RoRo) fleet deployment, thereby Georgia allocates US$6 million for Port of Brunswick harbour upgrades The Georgia General Assembly has approved a budget adjustment of slightly over US$6 million for specific harbour enhancements at the Port of Brunswick. Governor Brian Kemp inked the funding bill into law on 29 February. "I was proud to sign the FY2024 amended budget with key investments in areas like public safety, education, and workforce development. Reflecting our shared commitment to making G

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MARCH 8, 2024

CIP and PetroVietnam link up for renewable energy projects Danish fund manager Copenhagen Infrastructure Partners (CIP) and state-run energy firm PetroVietnam have teamed up to accelerate the energy transition in Vietnam. Under a memorandum of understanding, the duo will work together on renewable energy including offshore wind and commit to exchanging knowledge on the energy transition from fossil-based to renewable energy production and consumption. ... Shipping warned sanctions inflation is running 'red hot' The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far. Splash reported earlier this week on how vetting platform RightShip has integrated London Stock Exchange Group's ... Foresea seals $160m drillship contract extension with Petrobras Brazilian drilling contractor Foresea has secured more work from Petrobras for its ultra-deepwater drillship ODN II. The deal worth around $160m will see the 2012-built floater continue operating in the Brazilian Equatorial Margin. The extension is for 363 days and has already kicked off in direct continuation of its previous 30-day campaign. Foresea was set ... US probe finds questionable communications equipment on Chinese-built cranes A US congressional probe has found questionable communications equipment on Chinese-built ship-to-shore cranes at American ports including cellular modems that could be remotely accessed, according to a report carried in the Wall Street Journal. The investigation news follows on from the Biden administration's recent decision to replace the nation's Chinese-built port cranes with Japanese ones ... Capsized barge stops spilling oil off Tobago The oil spill from a capsized barge near the Caribbean island of Tobago has stopped. Trinidad and Tobago's government said it is working to recover the sunken vessel after the spill that lasted for a month and spread hundreds of kilometres west across the Caribbean. The nation's prime minister, Keith Rowley, said earlier this week ... Kyrgyzstan joins the International Maritime Organization The Kyrgyz Republic has become the latest state to join the International Maritime Organization (IMO). Kyrgyzstan, a landlocked Central Asian nation, has become the IMO's 176th member state. The next important gathering at the IMO headquarters in London will be the eighty-first session of the Marine Environment Protection Committee (MEPC) scheduled from March 18 to 22 where ... Read Splash every day in your own language Readers of Splash can access their daily slice of shipping and offshore news in their own language. While Splash is an English-language news service, subscribers to Daily Splash, the site's free daily newsletter, can read the news in whatever language they choose. Simply click 'View this email in your browser' when Daily Splash arrives in ... Nuclear Energy Maritime Organization founded in London Widespread adoption of nuclear power at sea is moving a step closer with the creation of the Nuclear Energy Maritime Organization (NEMO) in London. NEMO will work with the International Maritime Organization (IMO) and the International Atomic Energy Agency (IAEA) to establish global standards and regulations for the deployment, operation and decommissioning of nuclear power ...

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MARCH 8, 2024

Tipping point in the Red Sea Wording of Conwartime and Voywar clauses are matters BIMCO could usefully revisit before the next crisis EU rushes to open Gaza maritime corridor via Cyprus as Red Sea attacks continue EU and US to coordinate efforts to deliver aid to Gaza by establishing a maritime corridor via Cyprus, as they... Bunker suppliers need policy before they can invest in green fuels, says Monjasa Monjasa owner Anders Østergaard said ammonia and methanol cannot be viable alternative fuels without policies to close the price gap... Black Sea shipping hit by rising Russian GPS jamming Hundreds of vessels are appearing in Moscow airport, as Russia doubles down on interfering with GPS signals to disrupt Ukrainian... Schacht: box shipping remains a people business After 45 years in the business in both liner and logistics businesses, there is little that Otto Schacht hasn't seen... Zodiac sells 30-year-old PCTC for $39.5m while newbuilding orderbook continues to grow Values for secondhand pure car and truck carriers continue to rise, while a newbuilding contract confirmed at South Korean shipbuilder... London arbitrators' group hails boost to caseload LMAA data reflects the large number of parties worldwide choosing arbitration on London terms and conditions, says president David Steward South Korea unveils $7bn strategy to maintain shipbuilding edge over China On top of massive investments, the public-private partnership also pledges to train 2,000 shipbuilding professionals in the country every year... Container shipping has no capacity for another crisis Container shipping has been saved for now from its usual cyclical downturn by capacity absorption through rerouting. But the fundamentals... The Lloyd's List Podcast: Sexual harassment, assaults, bullying and silence: Australia's first female marine engineer reveals all On International Women's Day, Stephanie Zank tells Lloyd's List her story about being a trailblazer in the world of shipping Daily Briefing Navium had 100% of war risk on True Confidence | Saudi's Red Sea box port traffic decimated by Houthi attacks... Cautious Yang Ming tempers 2024 market outlook amid fourth-quarter losses The company warns of a continued vessel glut, with capacity growth outpacing demand increase and the impact of geopolitical uncertainties

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MARCH 8, 2024

Yang Ming says ocean carriers face a 'challenging' 2024 after posting Q4 loss The world's ninth-largest carrier in terms of capacity recorded a Q4 net loss of around $43 million as low freight rates and services disruptions weighed on its financials. TPM24: Popularity of inland ports could grow with change in haulage model Resolving the free time clock question to bring inland port moves in line with rail moves to major US cities could unleash even more business and take additional trucks off the highway. Saia, XPO make strong year-over-year gains in LTL shipments Higher daily shipment counts at less-than-truckload carriers in January and February underscore the impact of Yellow's collapse last July. Container lines capturing breakbulk cargo amid overcapacity, canal disruptions Mode-malleable breakbulk cargo is shifting back to containers even as disruptions threaten to squeeze capacity and drive container rates higher. TPM24: Capacity balance on major trades can weather Red Sea 'challenge': analyst The crisis has been a logistical headache for container lines, but overcapacity in their fleets is enabling them to cover the loss of effective capacity being used up by the longer transits around southern Africa, Lars Jensen told TPM24. Norfolk Southern says it is addressing truck backups at Chicago terminal Drivers arriving at the Landers terminal have complained about multi-hour delays picking up import containers over the past four months, causing shippers to wait longer for their cargo.

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MARCH 8, 2024

Disapproving families, motherhood and ill-fitting boiler suits - female seafarers have their say Women in the UAE are pursuing careers at sea to break down traditional barriers 'I am of the strong belief that empowered women are some of the biggest assets a company can have' The theme of this year's International Women's Day is 'inspiring inclusion' Red Sea crisis triples EU carbon credit costs for container ships Liner operators pay more for EU Emissions Trading System requirements as vessels speed up on longer journeys Capesize rates find new 12-week high and futures rise amid 'tremendous amount of cargo' Seesaw week ends in the green as FFAs lift sentiment Bulker targeted in missile attack in the Gulf of Aden Singapore-flagged vessel says it was attacked as it was sailing westbound and changes course New missile strike on ship reported in the Gulf of Aden Singapore-flagged vessel says it was attacked as it was sailing westbound and changes course Navtor-led pioneers deploy AI to drive digital twins Navtor-led consortium looking at multiple uses of AI in bid to improve digital twin utilisation Wallenius Lines adds to its fleet with acquisition from Hoegh Autoliners Family-backed Swedish outfit could have nabbed a deal at $61m Repsol turns on shipowner as multibillion-dollar legal war rages over oil spill Mare Doricum still tied up in Peruvian waters two years after incident Navigare Capital Partners makes first close of new $350m maritime fund Danish investor targets $650m in committed capital from investors Norwegian hedge fund Sissener Canopus buys shares in John Fredriksen's Golden Ocean Investment is already making a positive contribution, fund says MSC-controlled Log-In sinks to a loss despite best fourth-quarter revenue Brazilian terminal and container ship operator takes hit from tax charges and higher cost Disapproving families, motherhood and ill-fitting boiler suits - female seafarers have their say Women in the UAE are pursuing careers at sea to break down traditional barriers Gram turns to Japanese bank for cheaper $41m financing of car carrier Competitive interest rate will maximise profit, Oslo-listed owner says Fresh missile strike on ship in Gulf of Aden Singapore-flagged vessel said it was hit while it was sailing westbound West of England head Tom Bowsher downplays renewal gains in P&I insurance Improving the club's financial position is still the priority 'I'm trying not to make a mess of it,' says new Steamship Mutual boss CEO Jonathan Andrews says UK-based insurer has found a formula that works and is sticking to it Understanding the buzz surrounding generative AI and shipping Greywing's generative AI get crews on and off ships effectively and gives them quicker access to shipboard manuals Wavelength Podcast: Fatalities and ship sinking a dark twist in Red Sea crisis Is shipping's response to the Houthi attacks all wrong? Where should international efforts really be focused? MSC snaps up three container ships as it extends buying spree Tonnage providers Borealis and Atlantica wind down fleets with the liner giant remaining hungry for tonnage Moundreas tied to Epic asset play as capesize S&P enters overdrive Nicholas George Moundreas group is said to be making a 75% profit on the 14-year-old bulk carrier Fearnley Securities boosts project finance portfolio Norwegian company has already bought three more vessels this year, backed by favourable outlook Navigare steps up wind push with another CSOV order for Norwind Offshore Vard clinches deal for offshore wind vessel that comes with two options Last flight: How was Eagle Bulk boss Gary Vogel rewarded in his final year as CEO? Veteran dry executive will be moving on after close of Star Bulk takeover Norwegian hedge fund Sissener buys shares in John Fredriksen's Golden Ocean Investment is already making a positive contribution, fund says Ship adrift after being struck by Houthi missile assigned salvage tug for rescue The True Confidence has been left drifting in the Gulf of Aden Limited opportunities, limitless solutions and reward-hungry investors: Why maritime disruptors are facing a wave of consolidation Vessel performance software experts describe a frothy market as investors do the maths Hafnia planning to break into future fuels production with new venture Owner teaming with Big Hill to develop a plant for blue methanol bunkers Shipping lender NIBC cuts impaired exposure to zero as owners pay off loans quicker Dutch bank's maritime portfolio drops further as companies look to reduce debt Gender medicine: Care on ships must be tailored to female seafarers' needs, medic argues It is time the maritime sector woke up to the decades-old bias towards men when it comes to medical practices Nuclear row: India seizes CMA CGM cargo bound for Pakistan War of words erupts over machine on board the CMA CGM Attila Swire Bulk divests $41m bulker brace in bullish S&P market Brokers report sale of 2015-built sister ships in ongoing fleet renewal Greek shipowner Kassian Maritime snaps up modern bulker as it shifts S&P focus Papadakis family firm is linked to the acquisition of a three-year-old vessel from Japan's Nissen Kaiun 'Misunderstandings': Hafnia refutes any breach of Russian sanctions amid probe Tanker owner says trade in oil products from Vadinar refinery is legitimate Women in shipping need to be welcomed, celebrated and made visible to achieve diversity Maritime careers need to be promoted to women to help make shipping more inclusive, says Eline Muller Biden says US will build temporary dock in Gaza to bring in aid by sea US president wants delivery of humanitarian supplies on a large scale Shipping's shame: Women remain underpaid and excluded in the workplace Stark data on UK employment shows the need for action to embed a new culture comes amid celebration of International Women's Day Precious raids secondhand market to pick up handymax bulker Thai-listed shipowner continues to upgrade and improve the age of its fleet with latest vessel acquisition Swire Bulk ships out $41m bulker brace in bullish S&P market Brokers report sale of 2015-built sisters in ongoing fleet renewal

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MARCH 8, 2024

FedEx pilots seek release from federally mediated contract talks Pilots at FedEx say talks on a new contract are at a stalemate and have asked the National Mediation Board to send the dispute to arbitration.