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AUGUST 26, 2024

Bahri Line completes 25 years of operations in India Minister inaugurates Mumbai Port's 3rd Chemical Berth at Pir Pau AAL Shipping launches monthly fast-track 'Europe - Asia Express Liner Service' Streamlining of the first-time importer mapping with regards to DPD facility Engg exports up 3.6 pc in July India's real GDP to grow at 6.5-7 pc in FY25: FinMin US retailers' inventories above trend, with strong growth in container imports 'Bahri's ongoing strategy for India is to have more presence & expand our service network' US targets LNG shipping firms among Russia sanctions Baltic Exchange Market Report (23 August 2024) DP World's Integrated Chennai Business Park strengthens supply chain, facilitates easy access to domestic and international markets CONCOR CFS Kolkata launches Haldia - Kolkata - Haldia Port Link Express Efforts on to avert strike at Major Ports Dry freight container manufacturing surging Maersk opens its largest logistics park at Jeddah Islamic Port in Saudi Arabia

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AUGUST 26, 2024

Maersk's Middle Eastern maximum Second TIR hub opens in western China Qantas Freight: new aircraft and more capacity Equal opportunities for railfreight More than a ripple AD Ports Group advances smart port digitalisation Duties on Chinese BEVs Qatar Airways Cargo partners with Cargoflash Synergies in Copenhagen ONE launches BT2 service for Black Sea market A focus on pharma logistics Volvo Trucks grows in America "Curiosity of the Day" Boosting Betco's business Logisticians elect new leadership Freight wagon market to grow globally by 2.6% p.a. Japanese typhoon and European holidays Production hits record levels

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AUGUST 23, 2024

Canadian government steps in to end rail strike and force arbitration Rival bidders DSV and CVC said to be offering €14bn for DB Schenker Integrators gone nuts? From DHL's 'demand fee' to UPS's 'surge fee'... Floods swamp highways in Bangladesh, truckers stranded in 40km queue Asia-Europe spot rates soften, while transpac prices harden as dock strike threatens Growing demand for air freight in India a main attraction for major carriers The challenges for containerships braving the waters around the Cape Cargojet soars while rival carriers cut back on freighter operations

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AUGUST 23, 2024

American Cruise Lines christens newest cruise ship in Rhode Island American Cruise Lines (ACL) announced yesterday that American Liberty, the third new coastal cat in the company's groundbreaking series of 100-passenger ships, was christened in Newport, R.I., this week. American Liberty is

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AUGUST 23, 2024

AAL Shipping launches new Europe-Asia express liner service To address the increasing demand for reliable heavy-lift cargo solutions from Europe, AAL Shipping has introduced a new monthly fast-track service called the 'Europe - Asia Express Liner Service'. This addition complements their existing offerings, which include the popular 'Europe - Middle East/India - Asia (EUMEIA) Monthly Liner Service' and the 'Mediterranean - Middle East - India Pendulum Ser Port of Los Angeles appoints new deputy executive director The Port of Los Angeles has appointed Erica M. Calhoun as deputy executive director of the City of Los Angeles Harbor Department's Administrative Bureau. In this role, Calhoun will manage key divisions, including human resources, Risk Management, Contracts & Purchasing, and the Commission Office. She will also serve as Acting Executive Director in Seroka's absence. In addition, Calhoun has been w Bunkering operation on TS Lines ship causes Hong Kong oil spill Parts of Hong Kong's Kwai Tsing Container Terminals remain closed for clean-up operations after an oil spillage occurred on the night of 20 August. The spillage of bunkers happened while Taiwanese liner operator TS Lines' 1,100 TEU container ship, TS Kobe, was fuelled at terminals 6 and 7, which are operated by Hongkong International Terminals. The marine fuel was supplied by Yee Lee 2, a barge o Ottawa moves swiftly to limit rail disruption Canada's federal government has made a swift intervention into the country's rail dispute in an effort to limit supply chain disruption in both Canada and the northern US states, following the rail companies' lockout of workers yesterday. Rail companies Canadian National (CN) and Canadian Pacific Kansas City (CPKC) locked out 9,000 unionised rail workers as unions rejected what the rail companies Port of NYNJ June TEUs surge 13.5% In June, the Port of New York and New Jersey experienced a month of strong growth, with total volume increasing by 13.5%. The port handled 708,935 TEUs (395,219 containers) compared to 624,512 TEUs (346,850 containers) in June 2023. This boost brings the year-to-date total through June to 4,210,611 TEUs (2,336,088 containers). June marked the fourth consecutive month that the port surpassed 700,0 X-Press Feeders launches second green methanol route X-Press Feeders, the world's largest independent common carrier, has unveiled its second green methanol-powered route, the Green Baltic X-PRESS (GBX), as part of Europe's inaugural scheduled feeder network fueled by green methanol. Following the successful launch of the Green Finland X-PRESS (GFX) in July, this new route marks a significant step forward in the company's dedication to sustainable TT Club intensifies efforts to prevent container losses Understanding the circumstances that lead to stack collapses and losses overboard is crucial in mitigating these risks. TT applauds the World Shipping Council's initiative to publish the annual container loss survey details and acknowledges the record-low losses reported in 2023. Notably, around 33% of initially lost containers are subsequently recovered. However, TT's own analysis of historical Nixtons Group Review: The Top Online Business Platform [nixtonsg.com] You must know that every gadget's endeavors, high-tech yet easy-to-use gadgets, and trading lessons are accessible as a default mechanical plan on the stage. Online trading is common practice on the virtual platform of Nixtons Group , particularly for legitimate and lucrative business transactions. The business-related practices that are composed of the power stage might potentially recommend the 4 Common Supply Chain Challenges and How to Overcome Them Image by Tom Fisk on Pexels While supply chains play a vital part in the global market, they're vulnerable to challenges that can have devastating effects, such as shipment delays and heightened customer complaints. They can also result in quality issues and lost revenue. Natural disasters, price fluctuations, and product issues are among the unprecedented events that cause supply chain disruptio Canadian ports eye strains to the supply chain network ahead of rail stoppage North American shippers and Canadian ports are bracing for the effects of an anticipated freight rail work stoppage just after midnight on Thursday, 22 August. At this time, the major Canadian freight railways, Canadian National (CN) and Canadian Pacific (CPKC) will lock out members of the Teamsters Canada Rail Conference, who have indicated intentions to go on strike rather than agree to binding Indian ports offer wage hikes to avert dockworker strike Stakeholder efforts to avert a countrywide port strike in India seem to have begun. The Indian port administration advised dockworker unions, who have threatened to stage indefinite action from 28 August, of a revised wage hike proposal that it is open to implementing in a conciliatory move. Labour union sources who spoke with Container News have confirmed the outreach from the Indian Ports Assoc

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AUGUST 23, 2024

Abandoned suezmax off Yemen risks becoming fifth-largest tanker spill in history The Sounion suezmax, badly damaged and abandoned following multiple attacks by the Houthis on Wednesday, risks spilling four times as much oil as the Exxon Valdez, arguably tanker shipping's most famous casualty. The European Union's naval taskforce in the Middle East has stated the Delta Tankers vessel is carrying 150,000 tons of crude oil, and ... Berlin comes in to rescue Meyer Werft German chancellor Olaf Scholz vowed to save Meyer Werft while visiting the German shipyard yesterday. The company needs money by September 15 to pay wages and avoid bankruptcy despite the orderbook being relatively good. Among other projects, the company's orderbook includes 10 cruiseships, four of which were ordered by Disney this month. The Papenburg-based shipbuilder ... France's Socatra books MR brace at GSI French tanker owner and operator Socatra has returned to China's Guangzhou Shipyard International (GSI) with a fresh order for two MR newbuilds. The Bordeaux-based outfit has signed up for 180 m-long 40,000 dwt product carriers independently developed and designed by GSI to meet IMO Tier III and EEDI Phase 3 requirements. Founded in 1977 by ... Equinor, Polenergia get construction permits for offshore wind farms in Poland Norwegian energy major Equinor and its partner Polenergia have received construction permits for both the offshore and onshore parts of the Baltyk 2 and Baltyk 3 offshore wind farms in Poland. The Baltyk offshore wind farms are one of the largest infrastructure projects in the country's history. The Baltyk 2 and 3 will be able ... Jan De Nul rails against 'abusive' behaviour of Mexican authorities in fight to get dredger released Dredging giant Jan De Nul is taking its spat with Mexico over a detained vessel public. Mexico has held the Zheng He and the 36 sailors aboard since the Luxembourg-flagged ship docked in the southern port city of Tampico last November, arguing the owner owes some $96m in customs duties. Despite repeated efforts to get the ... Britoil PSV to be converted into offshore wind geotechnical drilling vessel Geophysical solutions provider Seas Geosciences has signed a multi-year agreement with Britoil Offshore Services to charter and convert the platform supply vessel (PSV) BOS Princess into an offshore wind geotechnical drilling vessel. According to Seas Geosciences, the PSV's 80-metre length and 19-metre beam will provide a stable platform for geotechnical investigations. The 2016-built vessel will Another blade fails at Dogger Bank offshore wind farm A blade failure happened on Thursday morning on an installed turbine at the Dogger Bank A offshore wind farm, which is currently under construction. In line with safety procedures, the surrounding marine area has been restricted and relevant authorities were notified. No one was injured or in the vicinity, at the time the damage was ... Navigator inks ethylene carrier orders in China New York-listed Navigator Holdings is expanding its fleet with a pair of 48,500 cu m liquefied ethylene gas carriers newbuilds. The world's top player in the handysize LPG carrier segment has contracted Jiangnan Shipyard in China to build and deliver the vessels in March and July of 2027 at about $102.9m each. An option for ... Shipbuilding economics do not work in America's favour Gerry Duggan questions how realistic it is for the US and the UK to rekindle their shipbuilding heritage. Every now and then in the shipping news cycle, you'll hear calls to reinvigorate shipbuilding in countries such as the US and across Europe. We're experiencing such a moment right now as various recent Splash headlines attest. ... Ottawa moves fast to end Canadian rail shutdown The Canadian rail strike ended yesterday some 18 hours after it started as authorities moved rapidly to avert an economic disaster. Canada's two biggest railways shut down yesterday after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co ...

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AUGUST 23, 2024

Shipping still faces fallout even if Canada rail shutdown is brief Rail disruptions continued on Friday even after the Canadian government moved to end the impasse. Shipping will see supply chain... Related Stories Singapore scrubber spreads hit four-month high on lower HSFO prices Suezmax and aframax segments lead tanker newbuildings as orderbook surges Canada rail crisis could hit dry bulk harder than container shipping Navigator inks $205m order for two ethylene carriers in China New York-listed Navigator gas has penned orders for two liquefied ethylene gas carriers it says will 'strengthen the link' between... Related Stories US targets gas carriers that lifted first Arctic LNG 2 cargoes in latest Russian sanctions push US announces first-ever sanctions against active LNG carriers following Russia's Arctic LNG 2 debut Daily Briefing August 26 2024 US targets gas carriers that lifted first Arctic LNG 2 cargoes in latest Russian sanctions push Marking the Ukrainian Independence Day, the US designated hundreds of individuals and entities in its latest Russian sanctions push. Among... Related Stories Navigator inks $205m order for two ethylene carriers in China US announces first-ever sanctions against active LNG carriers following Russia's Arctic LNG 2 debut Daily Briefing August 26 2024 Daily Briefing August 26 2024 US announces sanctions on LNG carriers following Russia's Arctic LNG 2 debut | Canadian government moves to stop railway shutdown... Related Stories US announces first-ever sanctions on LNG carriers following Russia's Arctic LNG 2 debut When Gen X shipping leaders met Gen Z Türkiye-flagged vessels warned to lift safety game US announces first-ever sanctions on LNG carriers following Russia's Arctic LNG 2 debut Marking the Ukrainian Independence Day, the US designated hundreds of individuals of entities in its latest Russian sanctions push. Among... Related Stories Daily Briefing August 26 2024 When Gen X shipping leaders met Gen Z Türkiye-flagged vessels warned to lift safety game When Gen X shipping leaders met Gen Z The leaders of today met the leaders of tomorrow in Oslo to discuss whether they will leave behind a world... Related Stories Türkiye-flagged vessels warned to lift safety game The Lloyd's List Podcast: The 'tepid 20s' continue for container ports Chinese shipbuilder Nantong Xiangyu acquires bankrupt shipyard Hongqiang Türkiye-flagged vessels warned to lift safety game Turkiye plunged from 12th place to 27th on the Paris MOU White List in 2021-2023 and detentions have ticked up Related Stories The Lloyd's List Podcast: The 'tepid 20s' continue for container ports Chinese shipbuilder Nantong Xiangyu acquires bankrupt shipyard Hongqiang UPDATE: Houthis target former Eagle Bulk supramax in second attack on Wednesday Red Sea transits risk crew lives as well as ships If anything has to take a hit, let it be a company's bottom line rather than its seafarers Related Stories Shipping is still stymied by economic and environmental uncertainty The Lloyd's List Podcast: The 'tepid 20s' continue for container ports Following the launch of the annual Top 100 ports publication, Lloyd's List deputy editor Linton Nightingale discusses another year in... Related Stories Daily Briefing August 26 2024 US announces first-ever sanctions on LNG carriers following Russia's Arctic LNG 2 debut When Gen X shipping leaders met Gen Z Singapore scrubber spreads hit four-month high on lower HSFO prices Rotterdam scrubber spreads held below $100 to diverge from Singapore Related Stories Shipping still faces fallout even if Canada rail shutdown is brief Suezmax and aframax segments lead tanker newbuildings as orderbook surges Canada rail crisis could hit dry bulk harder than container shipping Suezmax and aframax segments lead tanker newbuildings as orderbook surges 'Newbuilding contract prices have experienced a significant upward trajectory since the resurgence in ordering activity,' says Xclusiv Shipbrokers' research analyst... Related Stories Shipping still faces fallout even if Canada rail shutdown is brief Singapore scrubber spreads hit four-month high on lower HSFO prices Canada rail crisis could hit dry bulk harder than container shipping Chinese shipbuilder Nantong Xiangyu acquires bankrupt shipyard Hongqiang With extra facilities, Xiangyu expects to improve capacity by up to 60% Related Stories US announces first-ever sanctions on LNG carriers following Russia's Arctic LNG 2 debut When Gen X shipping leaders met Gen Z Türkiye-flagged vessels warned to lift safety game Bad weather the main cause of lost containers, says TT Club A recent study found discrepancies of 20% between planned stowage and actual stowage in some cases, which TT Club's risk... Related Stories When Gen X shipping leaders met Gen Z Türkiye-flagged vessels warned to lift safety game The Lloyd's List Podcast: The 'tepid 20s' continue for container ports Hafnia posts sterling Q2 as geopolitics boost tonne-mile demand Longer sailing distances owing to disruption at both the Suez and Panama Canals and low diesel inventories in Europe added... Related Stories Türkiye-flagged vessels warned to lift safety game The Lloyd's List Podcast: The 'tepid 20s' continue for container ports Chinese shipbuilder Nantong Xiangyu acquires bankrupt shipyard Hongqiang Singapore to check crew for mpox Singapore will start temperature and visual screening at sea checkpoints as well as airports Related Stories Canadian government moves to stop railway shutdown BW LPG eyes increased US exports to Asia amid landmark fleet expansion Daily Briefing August 23 2024 Canadian government moves to stop railway shutdown Less than 17 hours after a labour dispute between two of the Canada's largest freight railroads and a Teamsters union... Related Stories BW LPG eyes increased US exports to Asia amid landmark fleet expansion Daily Briefing August 23 2024 Stigma of recycling ships on Indian subcontinent remains despite Hong Kong Convention improvements BW LPG eyes increased US exports to Asia amid landmark fleet expansion Increased exports from the US and imports in Asia should continue supporting demand for VLGCs in the coming years, while... Related Stories Hafnia posts sterling Q2 as geopolitics boost tonne-mile demand Singapore to check crew for mpox Canadian government moves to stop railway shutdown Canada rail crisis could hit dry bulk harder than container shipping The first-ever simultaneous shutdown of Canada's two main rail carriers will halt outbound flows of grain, potash, coal and forest... Related Stories China tweaks IMO mid-term measure proposal The week in bunkers: Will Sohar mass flow meter move snatch Fujairah market share? Shipowners still adding more scrubbers, via newbuildings not retrofits

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AUGUST 23, 2024

High container rates, port congestion entice some shippers back to MPVs Most of the recent interest from shippers is for mode-malleable cargo - freight that can be easily switched between breakbulk and container modes. Healthy work orders come with turbine troubles for some wind manufacturers While manufacturers remain optimistic for the longer term thanks to hefty order backlogs, they have faced recent headwinds in the form of project slowdowns, rising interest rates, higher commodity costs and, in some cases, defective turbines. OOCL/Cosco to inject tonnage into new CMA CGM India-USEC string Hong Kong-based OOCL will contribute two vessels to the rebranded Indamex service that CMA CGM kicked off last week as a standalone operation after relinquishing its long-time consortium arrangement with Hapag-Lloyd. North American cargo crime takes big jump as thieves get more organized The wave of cargo thefts hitting the US and Canada grew rapidly in the first half of the year as criminals became more sophisticated, a study from risk management firm Overhaul shows.

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AUGUST 23, 2024

US sanctions seven shadow LNG carriers linked to Russian Arctic business Novatek's new China arm and Dubai-based entities on list issued on eve of Ukraine's Independence Day Hafnia sees crude tanker 'cannibalisation' subsiding amid positive outlook for outperforming LR2s VLCCs and suezmaxes' muscling into clean trades is a 'one-off' situation, Skov says Bottom is here and winter is coming for VLGCs: How hot will rates get? Panama Canal transits, weather and geopolitics among key variables in LPG carrier spot market Podcast: Navios' big debt game and UK shipping's missing decarbonisation plan TradeWinds' weekly audio news show also heads to Shipcon How winds of change are converging to cement propulsion solution International Windship Association's Gavin Allwright sets out why the technology is no longer a leap of faith Oslo fjord barge set for autonomous operation trials Asko vessel built to eventually be totally unmanned VLCCs fall back down to earth as charterers grab hold of market Biggest tankers cooling after skyrocketing last week Ukraine blows up ro-ro ferry in vital Russian Black Sea port Second attack on a ro-ro in the port within weeks LNG charter rates drift down as all eyes turn to winter Will market see six-figure levels in fourth quarter of 2024? BW LPG gets 'buy' recommendation as DNB sees 'solid earnings' after Avance deal Norwegian bank expects VLGC rates to rebound during second half LNG carriers close in as Venture Global prepares to start up second US plant Producer's own vessel heading to Plaquemines LNG in Louisiana MISC rides out mixed second quarter to post surge in net profit Malaysian shipowner remains bullish on prospects for tanker and offshore arms Brokers will not be replaced by machines any time soon, Hanse Bereederung's Alex Karydis says Artificial intelligence can be useful in a unique industry, broker believes Hafnia pays out record dividend to investors after best-ever first-half results CEO Skov says company is positioned for 'strong' third quarter Ocean Yield issues $118m senior unsecured bond to refinance debt and drive growth Owner cuts financing costs with new issue paying a lower coupon Singapore to start 'precautionary' mpox screening at seaports Authorities say there have yet to be any cases reported in the city-state, but they expect disease to arrive at some point Is shipping experiencing a green ripple, green wave, a green tsunami or just greenwashing? Diverse views emerge as shipping veterans debate the industry's decarbonisation journey progress at Singapore forum Macquarie's Corio teams with Brazilian shipyard to target local offshore wind market Co-operation follows on from recent tie-up with local port group Port of Acu

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AUGUST 23, 2024

Port of Los Angeles adds Calhoun to leadership team The Port of Los Angeles has named Erica M. Calhoun deputy executive director overseeing the city of Los Angeles Harbor Department's Administrative Bureau. Air cargo industry anticipates big peak season to finish year Air cargo professionals are bullish about the second half of the year as the traditional peak season approaches, but uncertainty remains about how the market will play out.