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JANUARY 15, 2024

MoPSW embarks upon a developmental journey with futuristic plans at Vibrant Gujarat Global Summit 2024 Shiperone.com redefines the logistics ecosystem with its intuitive platform, 'Shiperone Workflows' APM Terminals signs MoU with JNPA on intent to invest in Vadhavan Port project Despite missile strikes, things seen getting worse before they get better for ocean freight supply chains in the short term Restriction of cargo handling at DPA oil jetties APM Terminals Pipavav to develop green hydrogen ecosystem Exporters brace for EU's paperless Customs process Inter-ministerial meet to strategise on Red Sea trade damage Procedure for uploading Licence details, Installation Certificate, First Block Export Obligation and EODC details and documents on Export Promotion Monitoring and Analysis System (X-MAS) India and UAE aspire to expand bilateral trade to $100 billion: Piyush Goyal Baltic Exchange Market Report (12 January 2024)

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JANUARY 15, 2024

Norrköping: a new train to Europe Transuniverse finds agent in Portugal Nepal Airlines renews ULD partnership Quantron: changes at the top Arcese leases warehouse in Spain ELP: success with six-axle hybrid locos Managing leather shoe logistics OOCL feels the pressure Expanding cargo SAF programme A skipper for Mauritian repair yard EUR 41.2 million for rail project Difficult times for real estate in Hamburg "Curiosity of the Day" Four heavy-lifts for Intermarine From California to the Middle East Another three-year mandate ICS2 to come into force in June A supply chain "vision" for Chaoji Food

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JANUARY 12, 2024

Shippers face 'eye-watering' rates and rollovers as carriers 'cherry-pick' cargo Scrapping - to the demolition derby Some ro-ro operators carry on sailing, even as Red Sea conflict heats up West coast ports brace for new import surge - 'but they can cope this time' Amerijet struggles may be 'a reason to think twice about PE ownership' Japan's semiconductor supply chain also a victim of Honshu earthquake Dispute at Australian ports heats up, leading to threat of 'lockouts' Menzies Parcels set to cease trading, putting 300 jobs at risk

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JANUARY 12, 2024

Strikes on Houthis won't soon end trade disruptions Overnight strikes on Houthi infrastructure by the U.S. and U.K. have not yet shut down the group's attacks on merchant shipping. This morning the U.K. Maritime Trade Office reported an incident in Did hull plating deterioration lead to Captain Alex flooding and sinking? Uncontrolled flooding through a hole in the plating beneath the engine room of the 1996-built fishing vessel Captain Alex led to its sinking in the Gulf of Mexico, the National Transportation Safety Austal USA delivers first Flight II EPF Austal USA has formally handed over the first Flight II EPF, USNS Cody (EPF 14), to the U.S. Navy, with representatives from both parties signing the official delivery documentation onboard the ship.

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JANUARY 12, 2024

X-Press Feeders secures sustainability-linked loan X-Press Feeders (XPF) has signed a sustainability-linked loan agreement with investors including the Asian Infrastructure Investment Bank (AIIB). The loan is expected to support X-Press Feeders in its ambitions to significantly reduce carbon emissions. X-Press Feeders is using proceeds from the US$165 million loan to finance the purchase of three 7,000 TEU newbuild container ships, supporting the Plaquemines Port and APM Terminals to jointly develop major container terminal in US APM Terminals and Plaquemines Port Harbor and Terminal District (Plaquemines Port) signed a letter of intent for the construction of a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana, US. "This major commitment shows the market's tremendous confidence in Louisiana as the home of vibrant, growing port activity," said Louisiana Governor Jeff Landry, who added, Vietnamese reportedly among smuggled individuals in reefer in Ireland Three Vietnamese are believed to be among 14 illegal immigrants who hid in a reefer container to enter Ireland. The reefer box, which was transported on a ferry from Belgium's Zeebrugge port to Ireland's Rosslare port, was uncovered around 3 am (local time) on 8 January, two hours after a woman inside the container made an emergency call to the UK Coast Guard. The UK Coast Guard alerted its Irish India explores measures to mitigate Red Sea crisis impact on export trade Indian government and shipping industry stakeholders have realised the urgency to deal with growing trade challenges from the Red Sea shipping crisis, as market rating forecasters generally expected the emerging economy to grow faster than its larger counterparts. A high-level committee at the government level has been set up to study and identify alternative trade opportunities from markets rema Red Sea-Suez crisis quadruples Asia-Europe & Med rates About 90% of all the containerized fleet that would have ideally taken the Suez Canal have now re-routed via the Cape of Good Hope. And the impact? Rates quadrupling on the Asia- Europe and Asia-Mediterranean trade. The latter just topped the US$5,000 mark to end at USD 5,213 while the Asia- Europe rates rounded off around the US$4,500 mark. Interestingly both the trade lane quotes have beaten th Hapag-Lloyd increases rates from India to Latin America German box line Hapag-Lloyd has announced a new general rate increase (GRI) from India to West Coast Latin America, Central America, Caribbean and Mexico. The new GRI will be applied to 20' and 40' dry containers from 22 January until further notice. The details for this increase are listed below: 20' dry container: US$500 40' dry container: US$500 40' high cube container: US$500 West Coast Latin ONE to operate new service between Savannah and West India In May 2024, Ocean Network Express (ONE) will launch a new container ship service between Savannah, US and West India. The new offering will provide the Georgia Ports Authority (GPA) with ten services via the Suez Canal, nine of which will call on the Indian subcontinent. The service rotation will be as follows: Bin Qasim - Pakistan, Hazira - India, Nhava Sheva - India, Mundra - India, Damietta - Scan Global Logistics opens fourth office in France Scan Global Logistics continues its European expansion with the inauguration of a new office in Marseille, marking the company's fourth office establishment in France since the initial opening in Lille in 2021. This addition provides direct access to France's second-largest commercial port, with a particular focus on trade routes to Asia, notably China and the US, in the initial phase. However, t

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JANUARY 12, 2024

David Hammond steps down from Human Rights at Sea CEO role David Hammond, founder and chief executive officer of UK-based NGO Human Rights at Sea (HRAS), has decided to step down from his role. Hammond founded Human Rights at Sea in 2013 which evolved into a force for shaping policy and raising awareness for all individuals living, working, and moving on the world's seas and oceans. ... Columbia Group forms venture capital arm Shipmanangement giant Columbia Group has formed a new venture capital firm named Galactic Beacon Ventures to help drive innovation in maritime and other sectors. With the backing of the Columbia Group and its network of clients, partners, and industry contacts, Galactic Beacon Ventures will have access and exposure to numerous sectors across the maritime, logistics, ... BlackRock to take over Global Infrastructure Partners in $12.5bn deal New York-based BlackRock has agreed to buy compatriot fund manager Global Infrastructure Partners (GIP) in a $12.5bn cash and shares deal. The deal will see the world's largest asset manager take over GIP for $3bn in cash and around 12m Blackrock shares. GIP is the world's largest independent infrastructure manager with over $100bn in assets ... Dolphin Drilling loses $16m UK tax case Semisub rig owner Dolphin Drilling has lost a £12.8m ($16.3m) case against UK tax authorities. The Oslo-listed company has been in a court clash with HM Revenue and Customs (HMRC) since 2020 over tax deductions claimed in 2014 and 2015 linked to the hire of the now-scrapped Borgsten Dolphin rig. Dolphin had already won two ... Geneva Dry Dialogues: Voyager Come May 2, the inaugural Geneva Dry will kick off with a whole afternoon devoted to digital, a chance for delegates to probe through the myths and hype, to explore what shipping's myriad tech providers can actually do to improve owner and operator bottom lines. It's something that Matthew Costello, CEO of Voyager, an operations ... Printed circuit board fuel cell tech primed for large vessels Following the successful trials on a narrowboat, the inventors of the world's first hydrogen-electric boat powered by a printed circuit board fuel cell have plans to take their technology to far larger vessel types. Bramble Energy, as the lead partner in the HyTime project, created a demonstration vessel to showcase the marine decarbonisation potential by ... Alpha Omega Marine seals first ship deal Alpha Omega Marine, a Singapore-based equity investment vehicle created by two well-known names in Greek shipping, has bought its first ship, the 11-year-old As One, an ultramax bulk carrier built in Japan, previously called Marlin V. The acquisition was made in collaboration with Cargill. Alpha Omega Marine states on its site its aim is to ... Australian supply chains at 'breaking point' over escalating dockworker pay dispute Australia's supply chains are at a "breaking point", a senior Maersk official has warned as industrial action increases at DP World's terminals across the country. DP World operates terminals in Sydney, Brisbane, Melbourne and Fremantle with local stevedores locked in a long running pay dispute that has seen a very wide divergence in what is ... Euroseas charters out feeder boxship under construction Nasdaq-listed Greek boxship owner Euroseas has entered a time charter contract for a newbuilding feeder containership currently under construction. Euroseas won a charter for the 2,800 teu Tender Soul for a minimum period of eight to a maximum period of ten months at the charterer's option, at a gross daily rate of $17,000. The new ...

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JANUARY 12, 2024

US slaps sanctions on half a dozen ships and companies owing to Houthi and Iran links The US has slapped sanctions on four tankers and two companies for shipping Iranian commodities on behalf of a Houthi... Shipping will overcome this Red Sea crisis Until the full extent of the Houthi threat is known, we can only hope the tensions will ease and thank... Euronav unveils plans for 120 low-carbon newbuildings following $1.15bn CMB.Tech takeover After the protracted Frontline saga, Euronav is pursuing a directional shift and rebrand as it seeks to combine with Saverys'... The Lloyd's List Podcast: Red Sea risk explained As the missiles fly and ships divert, the Lloyd's List team are joined by industry experts to offer expert views... DFDS' Girardin eyes bright future for Morocco ferry operator acquisition DFDS executive vice-president Mathieu Girardin says Morocco is well positioned as a nearshoring hub and expects freight growth of 8%-10%... Charter for third Euroseas newbuild underlines steep market drop Owner able to comfortably fund remainder of newbuilding programme UANI laments US failure to protect Greece-owned tanker Iranian Navy's action and Houthi attacks on Red Sea ships 'the same form of piracy', argues private watchdog Box freight rates rise again as capacity crunch looms Equipment shortages and network reorganisation will put pressure on rates for the coming weeks. Some relief is expected after mid-February Red Sea crisis renews interest in armed guards Demand for armed guards is rising as shipowners look to protect Red Sea ships, but the business is a far... Qatar taps CSSC yard for landmark Q-Max LNG newbuilds Hudong-Zhonghua has won orders for 12 LNG carriers from Qatar thus far and is expecting more to come around the... China's Hainan island sets sights on green methanol bunkering site at Yangpu port Hainan province plans to build a green hydrogen industrial park in Danzhou city, with an expected annual output of 400,000... 'Tougher rating approach' expected for Red Sea war risk Premiums set to rise for VLCCs booked for Saudi stems and suezmaxes wanting to transit Suez Canal Red Sea rerouting is not a rerun of supply chain crisis The rerouting of container shipping around the Cape of Good Hope is increasing costs and delays for shippers. But a... More ships start to divert in wake of US and UK airstrikes A total of 23 ships have now reversed course or stopped in the wake of US and UK air strikes... Shipping players sign up to low-carbon technology consortium to aid Singapore's net zero ambitions Participating companies include Singapore conglomerate Keppel as well as LNG player Pavilion Energy. They will exchange ideas, share technical insights and... APM Terminals signs Indian port investment deals Key agreement with Jawaharlal Nehru Port Authority establishes APM Terminals' interest in participating in the Vadhavan mega port project Daily Briefing Sovcomflot sets up another holding company as it reshuffles ownership and flag | Iran confirms it was behind tit-for-tat seizure...

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JANUARY 12, 2024

Bad fit: Evercore ISI dumps Euronav from its ranks of tanker coverage Analyst points to mandatory take-private offer, shift to clean tech and smaller share float Missile targets tanker in Gulf of Aden, far from epicentre of previous Houthi attacks Attack appears to have targeted LR2 carrying Russian cargo US sanctions tanker quartet for financing Iran and the Houthis Blacklisted entities managing three Panama-flagged vessels are based in Hong Kong and the United Arab Emirates Hijacked Greek suezmax reaches Iran and is still incommunicado Owner Empire Navigation believes the vessel is anchored near Bandar Abbas Zim and tanker stocks log solid gains in New York trading after Houthi strikes One major player in crude tankers did not join in the gains made by its US-listed peers Red Sea conflict leaves tanker buyers and sellers in a 'standoff' Sellers believe they can fetch higher rates while buyers worry they might miss the winter market, Fearleys says Euronav pitches for VLCC market despite plans to go green Belgian company says 25 VLCCs needed every year for two decades Editor's selection: West loses patience with the Houthis; Iran makes its move in sanctions chess game It's week two of the shipping year, and plenty going on already. Here are the highlights 'Every risk has a price': Red Sea war rates under review as vital seaway becoming no-go area Shipping warned to steer clear of critical waterway Columbia launches venture capital fund for shipping start-ups Maritime services giant will help transform cutting-edge ideas into viable businesses Qatari and Russian-controlled LNG carriers become lone Red Sea movers Vessels under charter to others appear to be reassessing transits in wake of US-UK Houthis strikes Greeks dominate S&P activity for mid-aged, midsize bulkers Modion adds panamax exposure as Greek peer Kassian lowers its QatarEnergy secures 15 fresh LNG carrier berths in the second phase of huge newbuildings haul Tally of 40 shipyard slots includes berths for next-generation Q-Max ships Greeks dominate S&P activity for mid-aged, mid-sized bulkers Modion adds panamax exposure as Greek peer Kassian lowers theirs Maersk hopes for better times in the Red Sea amid Houthi airstrikes World's largest container carrier hopes threat level can be lowered following coordinated action Greener ships can deliver big savings right here, right now, says Alexander Saverys CMB and Euronav boss claims pricier low-emission fuels can cut 15% off carbon levy bills QatarEnergy secures 15 fresh LNG carrier berths in the second phase of huge newbuilding haul Tally of 40 shipyard slots includes berths for next-generation Q-Max ships Grieg Group's long-time leader Per Grieg Sr dies at 91 Grieg led Bergen-based company through tumultuous 1970s before turning outfit over to his four children 'Stay away from Bab el-Mandeb,' Western navies warn shipping Rise in threat to shipping expected to last for several days, naval force warns shipowners Euronav plotting orders for 120 more low-carbon tankers, bulkers and container ships Saverys-controlled company unveils big ambitions to expand fleet after takeover of CMB.Tech Shipowners fear Houthis' wrath as Red Sea tension 'threatens international trade like never before' Houthis will likely become even angrier after being targeted themselves Air strikes to escalate Red Sea tensions further after Houthis has licked its wounds, shipowners fear Houthis will likely become even angrier after being targeted themselves Croatian shipowner Tankerska kicks off $75m offer for compatriot bulker player Atlantska Major Croatian owners look set to be combined through mandatory offer Shipping at the centre of war: How did we get here? Houthis vow reprisals after dozens of targets hit inside Yemen Croatia's Tankerska kicks off $75m offer for compatriot bulker owner Atlantska Major Croatian owners look set to be combined through mandatory offer Alexander Saverys positions new Euronav as the 'only investable green shipping platform' Belgian executive explains why family rejected Frontline merger and its aims for the combination with eco-shipowner CMB.Tech Shipping at the centre of war: How did we get here? Tensions have been building and now conflict in one of the world's most important shipping lanes has risen to the next level Major European shipping stocks rise in early trading as Houthis vow to strike back 'soon' Limited impact of US and UK Yemen strikes seen on shipping stocks in the short term as conflict rises to next level Houthis pounded from air and sea as US and UK strike to protect shipping Strikes by ships and aircraft hit Houthi-held capital and the port of Hodeidah Investor Morten Astrup boosts stake in Hunter Group to 38% Gas and tanker company chairman has built his holding dramatically in past few weeks James Gundy happy Lightship 'recognises value in Braemar' London shipbroker boss reacts to Geneva dry cargo shop investment Bond investors hungry for shipping credit, Nordic banks say Good funding conditions for shipping companies, says DNB Asia shipping equities show muted response to attacks on Houthi rebels Shipping markets look to have already priced in potential for attacks Muted response so far in Asia to US-led attacks on Houthi rebels Shipping markets look to have already priced in potential for attacks US and UK launch strikes against Houthis as commitment to protect sea lanes 'amply demonstrated' Strikes by ships and aircraft hit Houthi-held capital and the port of Hodeidah

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JANUARY 12, 2024

Slide in Delta Air Lines' cargo revenue decelerates in fourth quarter Delta Air Lines' cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.