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AUGUST 13, 2024

SCI's net profit soars by 70 pc in Q1 Antwerp XL returns for its fourth edition on Oct. 8-10 Inaugural train carrying export-laden reefer containers flagged off from CONCOR's Vizag Multi Modal Logistics Park to JN Port Nepal delegation visits Haldia Dock Complex to further boost ex-im trade Top 7 global terminal operators account for over 40% of handling in 2023 India seen reaching $1 trn merchandise exports by FY29 COSCO SHIPPING creates an intelligent & interconnected new ecosystem PSA acquires Polish intermodal operator Loconi International QTerminals exceeds 10 million TEUs at Hamad Port INDIAN PORTS ASSOCIATION Newly approved rail connectivity projects to facilitate movement of key commodities and reduce logistics cost US FMC may rigorously review cooperative agreements filed by ocean carriers, marine terminal operators Israel sanctions oil tankers shipping Iranian oil

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AUGUST 12, 2024

Air cargo players want 'cohesion and consistency' in how aviation reports emissions China-to-Europe railfreight rates soaring as operators develop Red Sea alternatives OceanX: MSC steals M�rsk's thunder again Softer industrial demand pushes LTL onto a bumpy road China test-flies two-tonne-capacity cargo drone - the biggest yet Top seven box terminal operators now control 40% of global throughput Trump protectionism threatens trade's 'natural order', says ICS DG

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AUGUST 12, 2024

VIDEO: USCG medevacs two from lift boat The U.S. Coast Guard has released video showing the medevac of two men from a liftboat approximately 40 miles offshore from Marsh Island, La., Sunday. At approximately 7:53 p.m. Coast Guard District FERRIES 2024: Green funding access for ferry operators Going green isn't always inexpensive, but there are strategies to help ferry operators manage the costs. To provide valuable insights on accessing green funding, Kristen Kissinger, Marine Transit Planning Team Lead, Project Damen books Colombian Navy frigate contract Colombian shipbuilder COTECMAR has signed a contract that will see Damen support it in the construction of a Colombian Navy frigate. Under the contract, Damen will supply COTECMAR with technical support and

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AUGUST 12, 2024

New export record for Pilbara Ports The Pilbara region has reached a significant milestone, with a record 758.3 million tonnes of exports passing through its ports in the 2023-24 financial year. This achievement marks the fifth consecutive year of record-breaking throughput for Pilbara Ports. The Port of Port Hedland played a key role in this success, contributing 573.6 million tonnes and reinforcing its position as one of Australi Tips for Managing Ghostwriting Book Project It is one thing to hire professional ghostwriting services for your book project. However, having a successful working relationship with them is an entirely different matter altogether. You've got the idea for the book, and you need your hired writer to fulfill your goal in their writing. If you've done your due diligence to hire the best ghostwriter for your project, you've done well. However, y ICTSI posts strong first-half results Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2024 posting revenue from port operations of US$1.32 billion, an increase of 13% from the first six months of 2023. Additionally, ICTSI's earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$864.99 million, Port of Felixstowe takes delivery of five new automated electric RTG cranes Hutchison Ports Port of Felixstowe has received its latest batch of automated electric rubber-tyred gantry cranes (AeRTGs), including five machines, which have a remote-control option. This delivery is part of an order for 17 electric cranes from Finnish port equipment manufacturer Konecranes. Robert Ashton, Chief Operating Officer of the Port of Felixstowe, commented, "These new cranes are the l Yang Ming vessel explosion reportedly linked to HMM-booked container The container that exploded on Yang Ming's ship YM Mobility on 9 August was reportedly booked by the Taiwanese operator's fellow THE Alliance member HMM. The incident , which occurred around 1.40 pm local time that day, originated from a reefer that was used to carry dry goods, according to Yang Ming. The container has been speculated to have been carrying lithium-ion batteries or organic peroxid Shippers, carriers get ready for tighter customs rules at Singapore from September Transport service stakeholders handling cargo movements via Singapore Port face a heightened operational challenge complying with a new set of customs rules due to come into effect from 1 September. The requirement calls for advanced or pre-filing of export/import/transhipment cargo information, under what the authority calls a revised "free trade zone (FTZ) regime that was implemented in March 2 Maersk announces changes in Far East Asia - Middle East services Due to increased waiting times and congestion at terminals in South East Asia, Maersk has decided to implement seasonal schedules to mitigate delays and improve schedule integrity. Maersk's SAFINA service will move from West Port to North Port in Port Kelang, Malaysia, and will shift calls from Singapore to Tanjung Pelepas. These changes will be effective until the end of the year. Additionally, Gasum fuels Equinor's platform supply vessel with bio-LNG Gasum, a Nordic gas sector and energy market expert, and Equinor are partnering on a significant bio-LNG (liquefied biomethane) initiative at the Port of Dusavik in Stavanger, Norway. The collaboration involves fueling Equinor's chartered platform supply vessel, Island Crusader, with ISCC-EU-certified, mass-balanced bio-LNG. The initial delivery of bio-LNG took place successfully in mid-July, wit PSA acquires Poland's major intermodal operator PSA Baltics, a subsidiary of PSA International, a major global port operator, has signed an agreement to acquire an 85% majority stake in Loconi International, one of Poland's leading intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo. This move aims to develop new rail products to support PSA's European container hubs, thereby offering its customers additional opti APM Terminals Gothenburg poised for record rail volumes Boosted by an 8% growth in Sweden's container market during the first quarter of 2024, interest in rail transport is surging across the Nordics, with APM Terminals Gothenburg forecasting a record year for railway volumes. "The remarkable growth of the Swedish container market during the first quarter of the year was driven by strong exports of mainly forestry products, combined with an upturn in

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AUGUST 12, 2024

Germany picks winners in 5.5GW offshore wind auction Germany has announced the winners of the offshore wind auction for three centrally pre-investigated project zones. The auction was for three sites in the North Sea with a planned total output of 5.5GW which had been pre-investigated by the German Federal Maritime and Hydrographic Agency. Qualitative criteria for the tender included the willingness to make ... Serica turns to SeaTwirl floating wind tech to electrify offshore oil and gas assets Floating wind turbine developer SeaTwirl has signed a memorandum of understanding with UK offshore oil and gas operator Serica Energy to explore the feasibility of electrification of offshore assets and oil and gas activities. SeaTwirl and Serica Energy will work on identifying and assessing potential opportunities to decarbonise offshore oil and gas production and other ... McDermott clinches new Trinidad deal with Shell Houston-based subsea and deepwater engineering and construction player McDermott has won an engineering, procurement, construction, installation (EPCI), hookup and commissioning contract for Shell's Manatee gas field development off the southeast coast of Trinidad and Tobago. The contract with an undisclosed value follows the delivery of the front-end engineering design, detailed engineering and Beijing puts shipping on notice following hazardous cargo blast in Ningbo China's Maritime Safety Administration (MSA) has reiterated warnings about transporting hazardous cargoes properly in the wake of the blast on the YM Mobility boxship docked at Ningbo, an accident captured on video last Friday that made headlines around the world. Remarkably no one was injured in the explosion onboard the 6,589 teu ship owned by ... Ukraine seeks manager for seized Russian bulk carrier Ukraine's Asset Recovery and Management Agency (ARMA) is looking for a manager for a seized Russian bulker Emmakris III which has been at the port of Chornomorsk, southwest of Odesa, since the beginning of the conflict in the country. An investigative judge of the Pechersk District Court of Kyiv handed the 2000-built, 73,281 dwt bulker ... Samos Steamship orders capesize brace Greek owner Samos Steamship has returned to the capesize bulker shipbuilding market after nearly three years with an order for a pair of 180,000 dwt vessels at Japan Marine United (JMU). The order unveiled on the company's website shows two units delivering in the third quarter of 2026 and follows on from similar tonnage contracted ... Top flags join forces to pinpoint 'problematic' vessels The world's largest shipping registries have joined forces to share information about ships flag hopping to avoid sanctions. Panama, the Marshall Islands and Liberia are among the flags to have created the Registry Information Sharing Compact (RISC) database, supported by the US Department of State. The database keeps flags informed and updated on vessels' histories ... PSA acquires Polish intermodal operator Global terminal operator PSA International (PSA) is acquiring an 85% majority stake in Loconi International, one of Poland's top intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo. This strategic move aims to develop new rail products to support PSA's European container hubs, thereby offering its customers additional options to execute the modal ...

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AUGUST 12, 2024

Drug traffickers are diversifying maritime targets, but not slowing trade Antwerp and Rotterdam may have succeeded in reducing cocaine seizures so far this year, but the enhanced enforcement within Europe's... Israel's entry to sanctions game further complicates shipping's compliance conundrum Israel's entry into the world of maritime sanctions adds further challenges to the shipping industry, even if the sanction's 'bite'... Wind group pushes for inclusion in IMO fuel standard Wind is recognised as an energy source under IMO lifecycle GHG intensity guidelines 'We are fully aligned with the science': Pacific Islands argue their case for strong carbon levy The Pacific Islands are pushing for a high greenhouse gas emissions price and simple fuel standard, while the shipping lobby... Stunted recycling volumes boosted by FPSO and Marad ro-ro scrap sales Sale of 1970s-built, former VLCC and one of the world's fastest cargoships ever built gives a boost to recycling volumes... Week in charts: Ukraine callers buck advice | Palau flag opens investigation | Maersk's bunker consumption hits six-year high Many vessels heading for Odesa are sailing the pre-war shipping lane on the approach to Ukrainian waters, Palau flag registry... The magnificent seven: Top global terminal operators pull away from the rest The latest Drewry Global Container Terminal Operators Annual Review revealed a growing gap between the biggest players in the container... ICS, Bahamas and Liberia revise IMO carbon price proposal Co-sponsors further developed their plan to set up a fund and reward mechanism, as IMO member states prepare to discuss... The week in newbuildings: Orders for 44 containerships confirmed Tonnage providers Danaos, Eastern Pacific Shipping, Seaspan and container line operator MSC have each contracted containership newbuildings in the past... US indicts Iranian and Pakistani citizens for smuggling weapons to Houthis Navy SEALs boarded a dhow off the coast of Somalia in January 2024 and allegedly found a cargo of Iran-made... Palau flag opens investigation into Russia's LNG carriers manipulating AIS Palau International Ship Registry said it would deflag LNG carriers found to be circumventing sanctions or engaging in deceptive shipping... Regulator demands dangerous goods compliance boost after Yang Ming boxship blast Explosive materials reportedly include t-butyl peroxybenzoate and lithium batteries. Investigations are ongoing to determine the exact cause of the incident Daily Briefing Pay greener ships and poorest states from carbon levy funds, Pacific states tell IMO | Chamber of Shipping remains 'powerhouse'...

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AUGUST 12, 2024

Wan Hai, Yang Ming use jump in H1 profits to boost fleet size The investments are being made even though Yang Ming warned that the "world economic situation remains precarious," with trade tensions and economic conditions in the US and Eurozone creating uncertainty. ILA unmoved by latest 'industry-leading' wage offer from USMX Maritime employers say they are offering dockworkers along the East and Gulf coasts a better deal than the one received by their West Coast counterparts last year, but the union says the proposal is inadequate. PSA's takeover of Polish forwarder extends regional reach in Europe Acquiring a majority stake in Loconi International continues the Singapore-based terminal operator's growth strategy designed to expand control of its cargo handling beyond the quay. Tight capacity, expected demand bolster August MPV indices An "unbroken faith" in the underlying strength of the breakbulk market is pushing up indices and bolstering the optimism of multipurpose carriers, analysts say.

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AUGUST 12, 2024

AMPTC breaks into new market with twin LPG carrier newbuilding deal Shipowner has splashed out $159m to order 45,000-cbm newbuildings at Hyundai yard DHT Holdings profits slip as China demand pulls down large tanker rates Lower-than-expected demand from Asian refinery sector should reverse itself, New York-listed shipowner says Judge orders warrant for arrest of Iranian duo charged with smuggling weapons to Houthis Mir'kazei brothers are at large after indictment in federal court ICS updates its greenhouse gas reduction proposal and calls on countries to bite the bullet Regulators face tough decisions in September and October as climate talks resume Belships bulker operator Lighthouse Navigation reborn under new identity New name will end confusion with Asia-based Lighthouse, which was split off in a share sale in April Operator Folk Maritime moves into ship ownership with feedership purchase Deal is part of Saudi newcomers' plan to have 14 vessels in operation next year Pyxis Tankers' bulker bet pays off as second-quarter net profit doubles US-listed Greek owner looks out for more vessel purchases and share buybacks VLCC owners are about to shake off a summer slog. Here's how High high, how low? Fearnleys' Jonathan Staubo, Clarksons' Stephen Gordon and Howe Robinson's Isha Mishra are among leading shipping pundits setting out the prospects for VLCCs Navigator lines up huge financing deal to buy back bargain ethylene carrier from Ocean Yield US-listed owner taps Credit Agricole, ING Bank and SEB for new facility Tanker damaged and injuries reported after collision with bulker French maritime authority said Dutch bitumen ship was at anchor when accident occurred Knutsen LNG carrier tipped as HD Hyundai Marine Solution's first conversion to an FSU Twenty-year old steam turbine ship set for new life in Central America Shipping lender NRP inks $5.5m financing deal with Norwegian owner Deal provides bilateral senior secured facility for general cargo ship Maersk Tankers returning to VLCC market after a decade away with new Schoeller venture, sources say Shipping giants form joint venture to invest in a large, 14-year-old tanker from Idemitsu Kosan Vroon tanker damaged and injuries reported after Bluships bulker collision French maritime authority said Dutch bitumen ship was at anchor when accident occurred Shrinking fleets signal good times ahead for offshore as upcycle looms Shrunk anchor handling tug supply vessel and platform supply vessels fleets fueling confidence 105 and out: All Graig staff made redundant as shipping company winds up after over a century TradeWinds told that the business had come to a 'natural conclusion' New Panagiotidis family outfit seals first ship acquisition since IPO A 17-year-old kamsarmax becomes Icon Energy's second vessel since its IPO last month Greek owner Niovis Shipping returns to Japan for ultramax newbuildings Mavroleon family-company inks pair of vessels at Oshima Shipbuilding 'Excellent opportunity' to get into undervalued shipping stocks after market rout, says Clarksons Investors tend to underestimate the effect of seasonality on rates, analysts explain Firefighters avert 'major catastrophe' after blaze hits MSC container ship Ports Authority says explosion was seen on MSC CapeTown III in Colombo Evangelos Pistiolis scouring market for vessel buys at Top Ships Greek owner says future depends on selling older ships and adding more modern ones Shipping Corp of India profit jumps on bulker rebound Liner and offshore results also improve at state-owned Indian group Container that exploded on Yang Ming boxship 'loaded with lithium batteries' Ningbo Zhoushan Port was experiencing a severe heatwave when explosion took place Fire fighters avert 'major catastrophe' after blaze hits MSC container ship Ports Authority says explosion was seen on MSC CapeTown III in Colombo Pangaea Logistics gets 'hunting licence' in $50m loan from DNB Niche-trade bulker operator is content on tonnage for now but always looking NRP Project Finance pays out $39m to investors after bumper first half Investor remains positive about dry bulk and container sector but has cautious view on tanker market 'As exotic as we'll go': Stamatis Tsantanis explains offshore bet at pure asset player United Maritime Shipowner dipped toe into new sector with minority stake in newbuilding VLGC rates sink to six-month low as futures point to brighter days ahead Atlantic rates remain 'resolute' but are not enough to prevent the fall Second shadow LNG carrier loads at sanctioned Russian plant As under-tow gravity-based structure nears Arctic LNG 2 site on Gydan Peninsula Ukraine seeks manager for seized Russian bulker trapped since invasion National asset recovery agency wants the Emmakris III to operate as a grain storage vessel China Merchants orders VLCCs and product tankers worth $1bn as part of 100-ship newbuilding push Order spree involves five VLCCs and five LR2 tankers Evangelos Pistiolis scouring market for vessel buys as profit rises at Top Ships Greek owner says future depends on selling older ships and adding more modern ones Disney Cruise Line announces four more cruise ship newbuildings US leisure and entertainment giant says cruise is one of the strongest growing businesses Cosco Shipping offers tasty returns after share sell-off, says analyst Hong Kong-listed port operators also continue to offer cheap valuations, steady cashflow and sustainable dividend yield

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AUGUST 12, 2024

Georgia Ports makes progress on inland rail hub The Blue Ridge Connector will improve intermodal services to the northeast Georgia logistics center. Teamsters can protest at Amazon air hub, federal court says The Teamsters union claimed a legal victory in its pressure campaign for collective bargaining at Amazon's primary air hub in northern Kentucky, near Cincinnati.