VIMC Container Lines launches direct feeder shuttle service between Kattupalli & Port Klang West
GTI inks MoU with JNPA on providing shore power to vessels
Indefinite strike call by port workers deferred after agreement
Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 in respect of EOUs with effect from 01.09.2024
Amendments of para 4.49 (g) under Chapter 4 of the Handbook of Procedures, 2023 to reduce Compliance Burden and enhance Ease of Doing Business
Tonnage drops in mid-August
Kerala takes flight with drone-based medical deliveries: Skye Air Mobility partners with CARITAS Hospital
Cathay Cargo mulls India expansion via co-terminalisation of freighters
Allcargo Gati Limited gears up to meet festive demand surge
DP World Mundra achieves record throughput in July
Electronics, dairy, poultry exports up in July
Perspective on Indian Rupee by Mihika Sharma, Associate Economist at CARE Ratings
VIDEO: Passengers evacuated from NY Waterway ferry following fire A fire broke out aboard the NY Waterway ferry Father Mychal Judge yesterday during rush hour. The ferry was en route from Pier 11 in Manhattan to Paulus Hook and Liberty Harbor
Austal USA pleads guilty to accounting fraud and obstruction of DoD audit The U.S. Department of Justice reports that Austal USA LLC, a subsidiary of Australian shipbuilder Austal Limited (ASX: ASB) yesterday entered a guilty plea and agreed to pay $24 million to resolve
ZIM's mean ship size moves up with more larger vessels deployed ZIM Line has caught up with its larger peers in terms of average ship size, according to Alphaliner's report today (28 August). The Israeli carrier has upped its average ship size of 4,395 TEU in August 2023, to 5,748 TEU this month. This growth is in line with ZIM's fleet expansion as it has chartered more larger ships. Asset-light ZIM, now the ninth largest liner operator, has replaced many cha
MSC inks collaboration agreement with start-up shipyard Hengli HI Mediterranean Shipping Company has signed a partnership agreement with emerging Chinese shipbuilder Hengli Heavy Industry, as the Swiss-Italian operator continues to reach out to mid-tier Chinese yards for new buildings. Hengli Heavy Industry formed in 2023 with Hengli Group's acquisition of the defunct STX Dalian yard has so far received only bulk carrier and tanker orders. However, the partners
Container ship contracting spree now exceeds 10 million TEUs "When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the container ship contracting spree that began in 2021 had finally cooled. However, the appetite for new ships remains high and year-to-date contracting already exceeds the 2023 full-year total. That brings the total capacity contracted since the start of 2021 to 10.47m T
Canada rail strike averted, but ILA action looms The Canadian rail lockout of union employees that went into effect on Thursday and threatened to disrupt North American logistics lasted only eighteen hours. Friday's order by the Minister of Labor ended the lockout and required the start of binding arbitration for the carriers and union. The Teamsters issued a strike announcement soon after but rescinded it once the Industrial Relations Board af
APMT Mumbai inks MoU with Jawaharlal Nehru Port Authority In a significant step towards advancing Shore Power Supply (SPS) in the region, Gateway Terminals India (GTI), also known as APM Terminals Mumbai, has signed a Memorandum of Understanding with the Jawaharlal Nehru Port Authority (JNPA) to pilot this technology. "This agreement showcases how we are collaborating with port authorities, governments, and like-minded stakeholders to lead and take pion
OOCL and partners drive low-carbon shipping with biofuel collaboration Orient Overseas Container Line (OOCL) and its partners, including IKEA and Kyocera, have joined forces to promote low-carbon shipping by adopting cleaner fuels to reduce supply chain emissions. The first voyage under this initiative began in early August, using a B24 biofuel blend. This blend incorporates ISCC-certified Used Cooking Oil Methyl Ester as a component of the Very Low Sulphur Fuel Oil
Innovative applications for telescopic slides Telescopic slides are essential mechanical components that facilitate smooth movement and optimized storage in a variety of applications. Their versatility and ability to support heavy loads while offering smooth, controlled movement make telescopic slides a preferred choice in many sectors. We explore some of the most innovative and fascinating applications for these products in a variety of fie
Panama Canal introduces new long-term slot allocation method The Panama Canal announced that the new Long Term Slot Allocation (LoTSA) methodology will be implemented starting 1 October 2024, for all market segments except LNG and LPG. The LNG and LPG segments will adhere to the previously announced date in Advisory to Shipping No. A-25-2024. After the LoTSA methodology was announced, several customers in the full container market segment requested additio
WinGD secures 100th order for VCR-equipped X-DF dual-fuel engines Swiss marine power company WinGD has reached a significant milestone with its hundredth order for Variable Compression Ratio (VCR) technology, an innovation designed to optimize combustion in X-DF dual-fuel engines based on fuel type and engine load. Launched in June 2023, this technology has quickly become a preferred choice for dual-fuel engine orders, particularly within the LNG carrier market
CLdN expands freight capacity between Dublin and Mainland Europe CLdN announced the further enhancement of its Irish service with the addition of a new load-on/load-off (LoLo) sailing on the Rotterdam-Dublin route. With this new service, CLdN customers will now benefit from three direct LoLo and three direct RoRo departures per week from both Rotterdam and Dublin. CLdN is the only operator offering this level of service between mainland Europe and Ireland. The
Telemar to support Italy's GNV safety and navigation systems Telemar, a provider of smart maintenance and remote access technologies, has secured a contract with GNV (Grandi Navi Veloci) to deliver safety maintenance services for its expanding fleet. Under this agreement, Telemar will oversee the management and maintenance of GMDSS and navigation safety systems on GNV's new vessels: GNV Polaris, GNV Orion, and GNV Virgo, which are being built at the CSSC s
Rohlig SUUS launches new intra-Europe routes Rohlig SUUS Logistics has launched two new direct groupage routes from Brno to Sofia and Bucharest, enhancing its network in Southeast Europe. These new lines, part of the operator's extensive European network and logistics hubs in Central and Eastern Europe, can also support supply chains for businesses in Northern and Western Europe. Previously, the company offered direct general cargo routes t
zero44 introduces FuelEU Maritime software for optimized compliance strategies On 1 January 2025, the European Union will implement its second major regulation for decarbonizing shipping: FuelEU Maritime. This regulation aims to promote the use and production of sustainable fuels. Companies that exceed the permitted greenhouse gas intensities for their vessels will face increasing penalties in the coming years. None of the traditional fossil fuels meet the regulation's requ
Helix rakes in $786m worth of new deals from Petrobras Houston-based offshore contractor Helix Energy Solutions has won new three-year vessel charter and service contracts with Brazilian major Petrobras. The Brazilian company awarded deals to the riser-based well intervention vessels Siem Helix 1 and Siem Helix 2. The new three-year contracts are valued in aggregate at an estimated $786m. Each contract includes an additional three ...
Red Sea littoral states brace for the worst tanker spill this century The Sounion suezmax, the ship that risks becoming the worst tanker spill this century, remains on fire and may be leaking oil, according to the US Department of Defense. The ship was attacked multiple times by the Houthis in international waters between Yemen and Eritrea last Wednesday. The ship, owned by Greece's Delta Tankers, has ...
Guinea bauxite exports on a tear Guinea's exports of bauxite, the only minor ore transported by capesize bulkers and an essential mineral for aluminium, have continued their winning streak landing at about 26% shy of last year's total. Bulk bauxite exports from Guinea most of which head to China from the ports of Kamsar, Boffa, Cap Verga, and Conakry reached a ...
Kalleklev details alternative future paths for Avance Gas Announcing record interims today, Øystein Kalleklev, the CEO of Avance Gas, gave investors an idea of what he and his team might do with the remainder of the fleet, now shorn of 12 VLGCs following one of this month's biggest shipping transactions. John Fredriksen-controlled Avance Gas agreed to sell its entire very large gas carrier ...
Island Offshore orders second hybrid ocean energy construction vessel Fincantieri's Norwegian subsidiary, Vard, has won a new contract from Island Offshore for the design and construction of a second hybrid-powered ocean energy construction vessel (OECV). In May, Island Offshore and Vard signed a contract for one firm OECVs, to be named Island Evolution, with an option for two sister vessels. This new contract confirms ...
First in planned series of strikes kicks off at South Korea's major shipyards Unionised workers at busy shipbuilders in South Korea downed tools today, in a first round of strikes that will likely continue next month. Labour unions, consisting of eight shipyard chapters, launched a two-to-five-hour joint partial strike at yards including HD Hyundai Heavy Industries, HD Hyundai Samho and Hanwha Ocean after failing to reach a wage ...
Petrobras and TGS enter R&D partnership in Brazil Oslo-listed seismic data specialist TGS and Brazilian state-owned oil and gas giant Petrobras have signed a memorandum of understanding (MoU) to collaborate on scientific research and technological development activities in Brazil. This partnership will leverage the expertise and resources of both parties to drive innovation in the energy sector. Petrobras and TGS will primarily work ...
Prosafe inks flotel contract with Ithaca Energy in the UK North Sea Offshore accommodation vessel specialist Prosafe has firmed up a deal to support Ithaca Energy's work in the UK North Sea. The Oslo-listed owner and operator of six accommodation units and one tender support vessel received a letter of intent from Ithaca Energy for the charter of the Safe Caledonia back in July. According to the ...
Apeejay Shipping adds its second vessel of the year India's Apeejay Shipping has emerged as the taker of a ship sold by China's Rewood Ocean Shipping Co (ROSCO), tabling an undisclosed amount for the 2005-built ROSCO Ginkgo, a Japanese-built, 75,000 dwt bulker. This marks Apeejay's second purchase since May. Four months ago it added a three-year-old kamsarmax named ASL Uranus. While the eight-ship strong ...
Kotug wins work on Eni's Congo LNG project Offshore towage specialist Kotug International has been awarded a contract by Italian energy firm Eni to deliver critical marine services for the Congo LNG project. The project, situated off the Republic of Congo, includes the Tango FLNG and the Excalibur FSU, with a second FLNG currently under construction. The project's first phase involves the nearshore ...
Palau suspends registration of three Russian-linked gas carriers sanctioned by the US The Palau International Ship Registry has suspended the registration of three LNG carriers recently sanctioned by the US. The Asya Energy, Everest Energy and Pioneer were among seven gas carriers sanctioned by the US Treasury's Office of Foreign Assets Control (OFAC) last Friday. Talks of Russia potentially amassing a shadow fleet of LNG carriers started earlier this ...
New wave of boxship orders elbows out tankers and dry bulk from top yards The remarkable resurgence in containership ordering at yards in East Asia over the summer has pushed delivery dates for most other ship types towards the end of the decade new analysis from sister title, Splash Extra, reveals today. June, July and August have seen near record levels of containerships contracted, principally in China. June was ...
Indian ports strike averted A planned strike at many Indian ports was averted yesterday with hours to go until the industrial action was due to commence. Government officials and representatives of the Federation of Indian Workers' Union agreed to defer the strike as they moved closer to an agreement over pay and pension benefits. "The nationwide indefinite strike called ...
Renewed containership ordering rush snatches slots The remarkable resurgence in containership ordering at yards in East Asia over the summer has pushed delivery dates for most other ship types towards the end of the decade. June, July and August have seen near record levels of containerships contracted, principally in China. June was the second highest ever, according to Peter Sand, chief ...
Bad month for methanol It's not been a great month for methanol in the future fuel race. To give it an Olympics flavour, the favourite has stumbled over a hurdle or two. Danish utility Ørsted abandoned its pioneering e-methanol project under construction in northern Sweden, blaming poor market growth and difficulty in securing long-term off-take contracts. Ørsted assumed full ...
August 2024 Review The Houthi campaign against merchant shipping in the Red Sea and the Gulf of Aden showed no sign of abating, with the militant group celebrating some big hits, most notably the laden Sounion, a suezmax attacked multiple times last Wednesday, which now risks becoming the worst tanker spill of the 21st century. The ship, owned ...
Take the tanker long view The VLCC freight market slipped to an average of $29,800 a day for the first three weeks of August, adding to a three-month downturn from a peak of $48,000 a day average in May. The average for August over 2015-2023 is only $8,500 a day, so rates this month are nothing to be ashamed of, ...
Have a break, have a capesize Bulk carrier freight markets in August continued their five-month flatline with the Baltic Dry Index averaging 1,688 points so far after a four-month streak of 1,731; 1,895; 1,922 and 1,925. A finely balanced market is largely failing to respond to macro influences such as China's repeated attempts to apply economic defibrillators to its myocardially infarcted ...
Container shipping readies for bumpy months ahead Peak season is with us and US retailers have been filing the shelves with more than usual alacrity before the Canadian rail strike, as well as anticipated trade tariffs, and anticipated east coast terminal strike action, and before further likely cuts in interest rates will hopefully support consumer spending in Q4. Los Angeles and Long ...
Analyst Abstract Dry Bulk Cape rates remain resilient as China boosts iron ore imports to offset declining domestic mined production. Cape rates remain buoyant despite Chinese steel being in a malaise. Steel production in July dropped by 9% year-on-year reaching 82.9m tonnes according to the National Bureau of Statistics, the lowest figure reported in 2024. Generally, Chinese ...
Subdued sales in August Sale and purchase activity for dry bulk carriers remains "relatively subdued" Gibson noted in its most recent weekly report with many protagonists either on holiday or otherwise unwilling to act, preferring to wait and see what post-summer developments occur in the market. Bulker S&P activity fell in August with just 22 sales reported so far ...
Is offshore wind unwinding? A mix of supply chain issues, long permitting procedures, political uncertainty, and even several incidents within a short period could all point to the offshore wind sector lifting its foot off the gas pedal. But is it really so? On the surface, the United States may be one of the countries where offshore wind has ...
How to keep up with the global digital transition The maritime industry runs on data. Yet, it has been slower to adapt to the digital transition than other sectors. Instead, many still rely on early-phase digital solutions with outdated operating systems that fail to deliver the full potential of the digital era when it comes to accessing, utilising, and sharing this data, says Ilari ...
Are marine casualties on the rise? 'Ship completes voyage without incident' is hardly the maritime headline which will get you clicking on a story when Daily Splash hits your inbox. Inevitably, it's when things go wrong that shipping gets attention, particularly from the mainstream media. "If it bleeds, it leads" is a quote attributed to the media mogul William Randolph Hearst, ...
Houthis say they will allow for Sounion to be towed A Houthi spokesperson said the militants will allow salvors to tow the Greek oil tanker Sounion, which has been on...
Rising Atlantic crude supply challenges Opec+ plan to ease cuts The geography of the crude tanker export trades continues to shift toward the Americas at the expense of the Middle...
Nobody taking responsibility for potential Sounion oil spill costs 'Tsavliris is not going to be sending a tug down there, because who is going to be paying for it?'...
Container ordering spree continues, increasing overcapacity fears The previous four-year contracting record between 2004-2007 has already been surpassed by 2021-2024, with 1.6m teu ordered so far this...
What does Avance Gas do with all that money? Avance Gas boss Oystein Kalleklev says proceeds from the sale will be returned to shareholders either way
Ageing containership feeder fleet to benefit MPC Container Ships Investment in smaller containerships is falling behind, says MPC Container Ships chief executive Constantin Baack
Nauru rejects flag hoppers amid US crackdown on sanction-busting shipowners Nauru among the latest registries targeted as shipowners go flag shopping among smaller registries
LNG and biofuels could shoulder 90% of FuelEU compliance, new report says Biofuel and LNG bunkering will be the main compliance options in relation to FuelEU Maritime rules in 2025, according to...
Silverstream passes 200 orders mark with LNG carrier deal The London-based company has an orderbook of systems for 57 LNG carriers and has 82 in operation on board the...
Royal Caribbean gives shot in the arm to Meyer Turku with potential three-ship order 'This is great news for Finland. Royal Caribbean Group's long-term partnership will continue to have a positive impact on our...
Indian port workers call off strike after wage deal signed An 8.5% salary increase was agreed during Tuesday's negotiations
Slimmed-down Avance Gas to pay $103m dividend Avance Gas will pay out a big dividend as it basks in the sale of its final 12 very large...
Market rebound helps Jinhui return to profitability in first half The strong uptrend in rates was exacerbated by limited vessel supply, especially in the minor bulks trade, Jinhui said
Golden Ocean betting on capesizes amid possible tonne-mile tripling The company is taking advantage of a healthy capesize TCE rates and believes its fuel efficient fleet means it will...
Pentagon warns of Red Sea tanker Sounion's potential oil leak, risking 'environmental catastrophe' The Pentagon official also mentioned a third-party intervention had been obstructed by the Houthis, refraining from disclosing any current actions...
Daily Briefing Brit's Keel Consortium has 100% line on Red Sea blaze suezmax | Tankers and bulk carriers still run Red Sea...
California clean air rules imperil potential LA-LB port relief valve State environmental regulations could derail, or at the very least stall, a BNSF rail project promising to reduce pressure on Southern California ports.
FMC upholds shipper retaliation ruling against Hamburg Sud The US maritime regulator said the ocean carrier did not simply have a contractual dispute with a shipper but instead clearly violated the US Shipping Act.
Container shipping market continues to be reset by ongoing Red Sea crisis The longer the bigger and more established carriers divert away from the Suez, the more we will see niche carriers solidify not only their financial position but also their customer relations in the region, writes analyst Lars Jensen.
Canadian truck rates remain elevated following rail shutdown It may take a week or more for the trucking disruption caused by last week's brief Canadian rail stoppage to stabilize and for long-haul intra-Canada spot rates to drop.
Cleantech scale-ups build presence in China as energy efficiency interest climbs The makers' list is where cleantech scale-up solutions need to be to gain visibility with shipowners
Coast Guard accuses former Ocean Ships engineer of sexual assault Seafarer who worked on Military Sealift Command vessel denies charges
EU Naval Forces says Delta tanker is not spilling oil, but photos show vessel still aflame EUNAVFOR does not play down risk of a Red Sea catastrophe
Vessel leasing giant puts focus into methanol-to-hydrogen technology Maritime Partners' acquisition of generator tech start-up e1 Marine covers more marine applications
LNG carrier newbuilding price drop looks like 'wishful thinking' DNV gas carrier director expects to see a steady stream of ordering over next five to 10 years
Oil spill fears spark fresh calls for Houthi rebels to end 'illegal and cowardly' ship attacks IMO head warns of high risk of oil leak from stricken Sounion
'Cash or shares': Avance Gas promises investors will bank its stake in BW LPG after $1bn deal CEO Oystein Kalleklev pledges to make sure full value of rival's stock finds its way to its own shareholders
Why supramax bulker owners can enjoy an unusual premium over panamax rivals Congestion is playing a big role as grain cargoes come thick and fast
Oil spill from Houthi-hit tanker could land insurers with $600m plus bill War risk cover and reinsurers likely to take a financial hit from costs of major oil disaster
The Great Wave of Dividends: Avance Gas employs iconic Japanese art as investors wait on fleet sale payout Dollars set to flow to shareholders after 16 VLGC disposals in 2024
Cash-rich shipowners pump money into cleantech ventures Shipping-backed venture capital funds and individual shipowners are driving innovation to speed up transition
Why supramax bulker owners can enjoy an unusual premium over rivals with panamaxes right now Congestion is playing a big role as grain cargoes come thick and fast
Hapag-Lloyd pushes 30-vessel newbuilding tender ahead with shipyard shortlist Shipbuilders pile in for mix of tonnage sizes as liner newbuilding wave rolls on
Sonatrach tanker braves Lebanon run with vital fuel cargo as conflict escalates Algerian group says product tanker arrived in Tripoli on Tuesday to help combat power outages
Shipping offers a shining light at trader Gunvor as profit slashed Swiss trader and charterer reveals half-year result hit by normalising markets
Geopolitical conflict helps drive huge buying interest in veteran bulk carriers War insurance premiums in the Red Sea have reached 1% of the vessel's value, so older vessels make sense
'Wave of new oil supply' could spur storage surge for tankers, Gibson says UK shipbroker argues producers exceeding quotas could have an effect by next year
China's Nantong Xiangyu takes over compatriot shipyard to expand capacity Former Jiangsu Hongqiang facility gives shipbuilder the capacity to build ships up to 100,000 dwt
'Norway must step up': How new NSA chief will tackle geopolitical strife and green transition Owners need the same conditions as in Europe to remain competitive, Knut Arlid Hareide says
Harry Vafias' Imperial Petroleum sitting on $190m pile of cash with an appetite to grow Greek owner has no dent and has been riding a strong product tanker market
BP Shipping chartered fleet grows as full-year profit rings in at $250m Revenue increases at UK oil major's chartering & management division
Geopolitical conflict helps drive huge buying interest in veteran bulker carriers War insurance premiums in the Red Sea have reached 1% of the vessel's value, so older vessels make sense
Sanctioned LNG shadow ship trio suspended by Palau registry Hearings will determine if vessel registrations will be reinstated or revoked
MPC Container Ships continues vessel sales as it hikes full-year profit forecast Tonnage provider raises financial guidance on back of $1.1bn charter backlog
John Fredriksen's Edda Wind sees 'favourable demand' as new vessels hit the water CEO remains 'highly optimistic on the market outlook'
Purus Marine linked to second newbuilding order in two weeks with $148m Hyundai deal UK shipowner has six MGCs on order at HD Hyundai Mipo Dockyard
Coast Guard goes after seafarer's licence over past child sexual assault conviction Agency pursues case after reaching settlement with second seafarer over abuse of a minor
Golden Ocean sells panamax bulker at a profit as earnings soar in strengthening market Interim boss Peder Simonsen says company continues to opportunistically take charter coverage
Island Offshore orders second hybrid ocean energy construction vessel from Vard Pair will be delivered in first quarter of 2027
'Potential catastrophe': Burning Greek tanker 'appears to be leaking oil' after Houthi attack Delta Tankers suezmax remains on fire after Houthi attack last week
John Fredriksen's Avance Gas mulls ammonia M&A after $1bn VLGC fleet sale Oslo-listed company may 'actively engage' with other owners on smaller gas ships after fleet sale to BW LPG
Jinhui back in black as second-quarter freight rates surge Owner expects freight market to remain 'robust' for rest of the year
Trafigura: Shipowners and charterers will boost investment in lower-carbon fuels as new law kicks in Similar regulations, applied globally, would boost uptake of green fuels, wet freight chief Andrea Olivi says
China's Nantong Xiangyu takes over compatriot shipyard to expand capacity Former Jiangsu Hongqiang facility gives Nantong-based shipbuilder the capacity to build ships up to 100,000-dwt
Spectacular profit and M&A tips: How $3bn DNB fund manager is playing his shipping chips Fund holds Frontline, Hafnia, Torm, Golden Ocean and Star Bulk Carriers
Swire sustainability guru Simon Bennett takes on new advisory role with Indian ship recycler Pioneering veteran of green shipping turns attention to vessel demolition with Priya Blue Industries
Shelves more profitable than ships for Robert Kuok's Maybulk Shipowner has no plans to rebuild its bulker fleet as it prefers to diversify into other areas
Environmental groups take European Commission to court over green labelling of LNG-fuelled ships Lobby groups argue that taxonomy definitions are leading investors to back polluting vessels
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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