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FEBRUARY 11, 2025

CONquest 2025 provides topical insights and honours excellence amidst extensive fraternity participation DPIIT and Korea Transport Institute sign MoU to boost collaboration in logistics and infrastructure development Shippers need to make sense of freight rate volatility and shifting trade patterns in the intra-Asia market Trump plans 25 pc tariff on steel, aluminium imports DP World Mundra records highest ever annual throughput in 2024 Vizhinjam Port set to boost Kerala's economy VOC Port tops Major Ports in container MoM growth; announces concession scheme Sales growth drives enhanced EBITDA margin for Allcargo Gati in Q3 Höegh Autoliners loads first batch of the New Nissan Magnite at Kamarajar Port US FMC clears Premier Alliance AD Ports Group partners with CMA CGM Group to develop and operate New East Mole Multipurpose Terminal in Pointe Noire in The Republic of the Congo DP World and NSW Ports to jointly extend the rail terminal at Port Botany in Sydney, Australia Shift in alliance market shares Centre to be primary investor in Maritime Development Fund

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FEBRUARY 11, 2025

Hupac keeps volumes stable Advancing towards net zero MSC adds Sète container service FedEx expands Laem Chabang facility to support EEC Salmon and whisky exports for e-commerce imports US-Mexican bridge doubles capacities Bilbao hosts sustainable ports conference Fresh leadership for Culina Panama Canal traffic remains below average "Curiosity of the Day" Increasing airside efficiency 40 years of caring for maritime cargo Bluewater to sell Apex

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FEBRUARY 10, 2025

U-turn on de minimis ban, following 'processing issues', as trade war heats up Maersk eyes 'cut and run' moves as port congestion brings delays Suez authority eyes swift return to canal, but it's 'safety first' for carriers US tariff plans could drive Europe into the arms of Chinese EV makers UK needs closer EU 'alignment' to rebuild food supply chains End of sanction waiver for Iran port a threat to growing India-Russia trade Container trades ended 2024 robustly, but eyes will now be on Far East exports Canning capacity as ecommerce bubble breaks OceanX: Another episode of 'Big Blue's Integrator Dream'...and more

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FEBRUARY 10, 2025

VIDEO: Cooper Consolidated adds America's two largest E-Cranes to its fleet New Orleans, La.-based Cooper Group member Cooper Consolidated LLC reports that it is expanding its bulk stevedoring fleet with the addition of two 4000C Series equilibrium cranes, the largest cranes built by New leadership in place at Hanwha Philly Shipyard Korea's Hanwha Group formally completed its $100 million acquisition of what is now Hanwha Philly Shipyard on December 19, 2024. New leadership is now in place, with David Kim taking the role VIDEO: Damen upgrades Van Oord cable layer Nexus Rotterdam-headquartered Van Oord has installed selective catalytic reduction (SCR) systems on its 2014-built cable-laying vessel Nexus, making it fully IMO Tier III compliant. The work was carried out by the vessel's original

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FEBRUARY 10, 2025

Africa advances green shipping strategy African nations have outlined concrete steps to advance the green transition in shipping, with a focus on maritime governance, infrastructure development, and job creation. On 6-7 February, more than 200 representatives from 35 countries convened in Mombasa, Kenya, for a workshop aimed at supporting the implementation of the International Maritime Organization's (IMO) Revised Strategy for the Red Lebanon's Maritime Sector: Navigating Challenges and Opportunities Lebanon's maritime sector, a vital economic bridge between East and West, stands at a critical crossroads. Gemini to launch US-Colombia service Gemini Cooperation, the new alliance between Maersk and Hapag-Lloyd, has announced a new service update, building on the FLS shuttle service between North and South America, which was initially introduced as part of the new grouping. Starting in mid-March, Gemini will launch the IAM America Shuttle 2 (GUF) to enhance connectivity between Asia, Europe, and Latin America via Cartagena, Colombia. Fo Yara and NYK sign ammonia-fueled medium gas carrier charter deal Yara Clean Ammonia Switzerland SA, a subsidiary of Yara International ASA, one of the world's largest ammonia distributors, has signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier. This vessel, with a capacity of 40,000 cubic meters, is scheduled for delivery in November 2026. It will have an overall length of 180 meters, a breadth of 3 Maersk announces Mombasa port delays Maersk has published a customer advisory regarding its proactive actions about the ongoing challenges at the Port of Mombasa in Kenya. In recent weeks, the Danish carrier has been facing berthing congestion due to higher-than-expected yard density and equipment constraints. As a result, vessel berthing and departure schedules have been impacted, leading to delays, according to the company's annou Termavi orders Konecranes equipment for Vigo box terminal Terminales Marítimas de Vigo, S.L.U. (Termavi) has ordered two hybrid Konecranes Rubber-Tired Gantry (RTG) cranes equipped with the complete range of Konecranes Smart Features. The order was booked in the fourth quarter of 2024 and delivery is scheduled for the fourth quarter of 2025. Termavi operates the main container terminal at Spain's Port of Vigo on the country's Atlantic coast and has impl Chittagong Port Faces Severe Congestion Following Transport Strikes Chittagong Port is grappling with acute congestion at its outer anchorage and container yards due to repeated disruptions caused by Prime Mover and Trailer workers last week. The suspension of container transportation has led to a backlog of vessels and containers, significantly delaying port operations. As of Monday (10 February) morning, 14 container ships were waiting at the outer anchorage, s Wan Hai boss: Higher contract rates for US West Coast shipments Wan Hai Lines' general manager Tommy Hsieh is optimistic that contract rates will be higher due to economic growth. MPC Capital acquires 50% stake in BestShip The investment and asset management firm MPC Capital has acquired a 50% stake in BestShip from the Norwegian maritime group Wilhelmsen. This strategic move strengthens MPC Capital's maritime services portfolio and supports its expansion into energy transition-focused initiatives. BestShip specializes in comprehensive, data-driven evaluations of vessels and fleets, focusing on energy efficiency an Trade War 2.0: Trump intends to introduce additional tariffs President Donald Trump announced plans to introduce reciprocal tariffs targeting numerous countries next week, signaling a significant escalation in the ongoing trade war. The specifics of the countries that will be impacted remain undisclosed, although the president hinted at a comprehensive approach that could potentially address the US budget deficit. Los Angeles Port Police arrest suspect, recover US$600,000 in stolen chassis Officers from the Los Angeles Port Police Criminal Investigation Section, in collaboration with the Los Angeles Police Department Commercial Crimes Unit, have arrested a suspect linked to multiple incidents of stolen chassis throughout the Port of Los Angeles. The arrest was made as part of an ongoing investigation that led authorities to a facility in Gardena, California, where they also recover Alliance restructure reshapes Asia-North America container trade February 1st marked the beginning of a new competitive landscape in the crucial deep-sea container trades from Asia to North America and Europe. Sea-Intelligence analyzed the shifts in market share among shipping line alliances compared to the previous year. The following figure illustrates the Asia-North America West Coast market share for March 2024 and March 2025, reflecting the alliances in o Weekly Update: Stock Performance of Container Shipping Sector The container shipping industry continues to navigate a complex and ever-evolving landscape, shaped by shifting economic conditions, geopolitical tensions, and supply chain disruptions. Over the past week, stock prices across major shipping companies have reflected a mix of resilience and volatility, influenced by factors ranging from Red Sea security threats to fluctuating global trade demand. A Electrification of Klaipeda Port quays set to begin The electrification of the first quays in Klaipeda Port is set to begin as a contract for infrastructure installation has been finalized. By next year, roll-on/roll-off ferries docked at the Lithuanian port will be powered directly from the shore, reducing both emissions and noise pollution. This initiative is a technological upgrade and a significant step toward enhancing the port's sustainabili Melina Travlos re-elected as president of Union of Greek Shipowners The annual general assembly and elections for a new board of directors of the Union of Greek Shipowners (UGS) was held on 6 February. Melina Travlos, Chair of the Board of shipping and transportation company Neptune Group, was re-elected president of the Union for a second term, while the first 10 elected members, in the order of their vote tally, are: Melina Travlos, Nikolaos Veniamis, Nikolaos Twitter (X) Hack. What It Means for Investors and Cybersecurity Stocks In light of the recent cyber incidents at Platform X (formerly Twitter), the issue of cybersecurity has become more relevant than ever. And this relevance is the same for investors and companies operating in different sectors. One of the most high-profile cases was the Twitter (X) hack. The attackers gained access to the accounts of high-level individuals and organizations. The hacking of influen Yang Ming strengthens intra-Asia service network Taiwanese ocean carrier Yang Ming announced the optimization of its intra-Asia service network by enhancing its Japan (Kansai) - Taiwan - South China route (Japan Kansai Express, JKX) service, starting in early March. The route will be extended to the port of Haiphong in Vietnam, with the Yang Ming aiming to strengthen its position in Southeast Asia. The enhanced JKX service will offer a 21-day r What is chain vaping? Chain vaping has become a common practice among certain vaping communities, where users continuously puff on their devices without taking a break. As more vapers turn to disposable e-cigarettes and vape pens, this behavior has sparked curiosity about its effects and why it's gaining traction. In this article, we'll explore what chain vaping is, how it differs from regular vaping, and the reasons Hapag-Lloyd announces GRI from Asia & Oceania to Africa Hapag-Lloyd announces that a General Rate Increase (GRI) will be implemented for cargo transported from Asia and

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FEBRUARY 10, 2025

South Korea's H-Line taps domestic yard for LNG bunker vessel South Korean owner H-Line Shipping has ordered an LNG bunkering vessel at domestic yard HJ Shipbuilding & Construction (HJSC). The contract covers an 18,000 cu m unit costing about KRW127bn ($87.6m) with no specified delivery date. H-Line's fleet predominantly consists of capsize bulkers, but the company is also active in the LNG and car carrier ... NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world's first charter for such a vessel, the deal will see a 40,000 cu m newbuild enter service in late 2026. The ... Seacon ships out another product tanker to Union Maritime Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m. Seacon said it would first buy the vessel out of its ... MPC Capital takes stake in Wilhelmsen vessel performance management platform German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen's performance management firm BestShip. The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum. The deal expands MPC Capital's maritime services and reinforces its growth in energy transition-related activities, the company said Monday. BestShip Laden supramax grounds off Sakhalin Authorities in Russia's Far East scrambled over the weekend to prevent an environmental catastrophe as a Chinese bulk carrier grounded off the southwest coast of Sakhalin Island. The 2010-built, 56,700 dwt An Yang 2 ran aground in stormy conditions on Saturday night. No fuel spillage has been sighted so far, but videos of the ship ... TGS adds to 4D streamer backlog offshore Norway Oslo-listed surveyor and seismic data specialist TGS has won two new contracts offshore Norway. The work scope covers 4D streamer acquisition projects, one in the North Sea and one in the Norwegian Sea, the company said Monday. The projects are scheduled to be acquired back-to-back, starting in June this year. They are estimated to last ... Steel and aluminium up next in Trump's tariff campaign China's retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. "Any steel coming into the United States is going to have a 25% tariff," ... Crew evacuate laden suezmax in Russia after engine room explosions A series of explosions yesterday in the engine room of a 22-year-old suezmax at the Russian Baltic port of Ust-Luga has put neighbour Finland on alert. The Turkish-owned Koala tanker, laden with 130,000 tonnes of heavy fuel oil, was about to set off from Ust-Luga when three explosions ripped through the engine room, forcing the ... South Africa cracks down on polluting ships Following a series of casualties off its coast, South Africa's president Cyril Ramaphosa has signed the Marine Pollution (Prevention of Pollution from Ships) Amendment Bill into law, strengthening South Africa's ability to combat ship-related pollution. Polluting ships now face stricter laws with fines of up to R10m ($541,000) for ships in contravention of air and ... Poland to send abandoned Russian tanker for demolition Poland has ordered the removal of a Russian product tanker which has been stranded in the Port of Gdynia for over seven years. The 1987-built, 23,000 dwt

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FEBRUARY 10, 2025

Panama Canal recovery from drought overshadowed by Trump threat Now would normally be a time to celebrate the Panama Canal's recovery from the water crisis that impaired global supply... Sanctions have fragmented Sovcomflot's structure and made it less Russian Sovcomflot's once dominant fleet of Russia tankers is now increasingly controlled by special purpose vehicles registered outside Russia as sanctions... Greeks hail Europe's 'positive' swing towards shipping A 'great change' now evident in appreciation of industry's role, says UGS leader First non-Russian LNG cargo in over a year transits through Bab el Mandeb The only three ships to sail the beleaguered shipping lane since January 2024 were all involved in transporting cargo from... Is freedom of navigation under threat? Part II Lloyd's List editor-in-chief Richard Meade returns to the freedom of navigation debate and asks whether states risk breaking international law... Shipping remains committed to decarbonise despite Trump, say industry leaders More frequent kidnappings and charges against innocent seafarers when drugs are found stashed on ships are no help to recruiting Yara flags doubts over green projects as profits fall Yara said it hoped to cut costs and focus on profitability amid a $290m net loss in the fourth quarter... Big rise in ship recycling volumes as tanker and gas carrier scrap sales surge Some sellers are holding back on committing tonnage for recycling as they await an improvement in pricing GTT and Cosco partner on large gas carriers and alternative fuels The latest agreement with GTT has raised the prospects that Cosco could soon order large LNG carriers at its own... The week in charts: Could US box imports top pandemic peak? | New LNG supply to help uptake as ship fuel | Panamax sector shows signs of recovery The impact of tariffs on US containerised imports is still up for debate, new LNG exports from the US and... Regulation is a must to make wind power work, says Cargill expert Cargill decarbonisation specialist Chris Hughes said modest efficiency gains from wind-assisted propulsion can be had today, but the high capex... Geopolitical whiplash fuels Shanghai container futures' contrarian rally The 'new level of uncertainty' ushered in by Trump's presidency has begun brewing volatility in the shipping market Explosions reported on dark fleet tanker The Antigua and Barbuda-flagged suezmax Koala experienced several explosions in its engine room before preparing to sail but Russian authorities... The week in newbuildings: Fincantieri confirms firming of multibillion dollar cruise contract Orders for two tankers, two offshore vessels, four cruiseships and 10 boxships recorded in past week Could US box imports top pandemic peak or will tariffs derail momentum? Last year, US imports were not far below levels seen during the pandemic boom of 2021-2022. This year is starting... MOL start-up arm partners with Singapore government-linked fund Move will help develop Singapore's technology ecosystem. Singapore startups will be able to tap MOL Plus' networks in Japan to... The Daily View: The coming storm Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping Daily Briefing Why China presents a bigger risk to freedom of navigation than the Houthis | Baltimore bridge litigation could reach Supreme...

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FEBRUARY 10, 2025

Tariffs introduce uncertainty amid growth in US steel imports Donald Trump said he planned to announce that the US would impose a 25% tariff on all imports of steel and aluminum, both of which are key cargo types for the breakbulk sector. Stakeholders still in wait-and-see mode on US freight market turn While trucking companies and intermodal carriers believe contract rates will rise this summer, shippers are skeptical given past predictions that have fallen by the wayside. January cargo spike kept Los Angeles-Long Beach rail dwells largely elevated But with a large drop in imports forecasted for the second half of February, terminal operators say they will get dwell times and cargo fluidity back to normal by the end of the month.

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FEBRUARY 10, 2025

Appeals court rejects Jones Act challenge that sought to protect $197m rock vessel's market Decision leaves in place US decision to allow foreign-flag vessels in key stage of offshore wind projects Germany's Deutsche ReGas cancels FSRU charter deal with state entity on Energos vessel Private terminal operator slams its government counterpart's pricing policy as 'ruinous' Danaos Corp inks order for container ship pair in return to shipbuilding US-listed company restarts newbuilding activity with boxships in China Are Donald Trump's first Iran sanctions moves the start of 'maximum pressure' or 'art of the deal'? Views vary on whether the US government will go all out to restrict Iran's oil exports CMA CGM spends over $150m to snap up five container ships French liner closes secondhand deals with Belgium's CMB and Greece's Cape Shipping Crunch time: Donald Trump to 'up the ante' in US-China trade war in April China began applying new tariffs on US goods on Sunday, but analysts expect retaliations to cease for now H-Line Shipping joins growing yard crush for LNG bunker vessel newbuildings Five new vessels for growing sector announced in one day Danaos Corp inks container ship pair in return to shipbuilding US-listed company restarts newbuilding activity with boxships in China Boa inks potential double order for new semi-submersible heavylift design Norwegian family-owned company heads to China for fleet expansion 'Natural step': Taylor Maritime changes name as more executives join board London-listed bulker owner completes change from investment fund to commercial company Boa inks potential double order for new semi-submersible heavy-lift design Norwegian family-owned company heads to China for fleet expansion Regulator fails to make case for 'naming and shaming' finance firms Lloyd's Market Association criticised plans to identify firms under investigation for wrongdoing Eletson appeals bankruptcy judge's order and gains a win in Greek courts Battle could be brewing between legal authorities in New York and Athens over private owner's future Iranian Revolutionary Guard commander: 'We have the capability to close the Strait of Hormuz' Naval officials waiting on word from Tehran after US maximum pressure kicks off again Evalend Shipping named as owner behind $370m LNG bunker vessel orders Another private shipowner dives in on emerging market for LNG fuelling Seacon Shipping banks tidy profit after flipping tanker to Union Maritime Golden Dahlia bought back for $21m and then sold on for nearly $33m How Trump tariffs on steel and aluminium could hit geared bulkers Supramaxes would likely feel the effects, if the levies translate to a change in shipping demand Finnish firm Hacklin back in shipowning with deal to invest in Nordic Chartering Finnish groups announce acquisition of 'considerable stake' by logistics player Golar FLNG unit produces first LNG at BP's Greater Tortue Ahmeyim LNG carrier due alongside floater this quarter to ship out initial volumes NYK and Yara claim world-first time charter for an ammonia-fuelled midsize gas carrier Japanese owner locks in deal on newbuilding ordered a year ago Top ship insurers sitting on record $6.2bn buffer despite expensive year for major claims Bumper investment returns set to mask long-running underwriting losses for protection and indemnity players Trump Gaza takeover talk hits prospect of Red Sea return for shipping, owners say Shock announcement by US president raises fears that Houthis could resume ship attacks Russian tanker stuck in Polish port for eight years to be removed Product carrier Khatanga was owned by bankrupt Murmansk Shipping Norden CEO Jan Rindbo seeks to dial down risk and build tanker pool Geopolitical outlook this year means Norden will focus on being 'nimble' Snap up Golden Ocean and 2020 Bulkers, Fearnley says as it calls cape rate bottom Analysts maintain 'buy' recommendation for bulker sector Buy Golden Ocean and 2020 Bulkers, Fearnleys says as it calls cape rate bottom Analysts maintain buy recommendation for bulker sector Trafigura and Sinokor snap up VLCCs on time charters as market hunts fresh clues on tie-up One-year deals emerge for big tankers as trader and shipowner's business appears ever more intertwined New GTT boss quits in shock move after just eight months in top job Chairman Philippe Berterottiere to step in as Jean-Baptiste Choimet heads for exit Explosion hits engine room of dark fleet tanker in Russian port Flag-hopping vessel is said to be in no danger of sinking or spilling oil Robert Uggla and Lauritzen-backed Navigare Capital inks container ship order in China Clarksons says deal could total six panamaxes MPC Capital buys into Wilhelmsen platform in first deal since Castor Maritime takeover German owner and asset manager says it has expanded maritime services division with deal involving technology platform MOL Plus to join Singapore's Seeds Capital as co-investment partner MOL's VC arm will connect Singapore start-ups with investors and corporates in Japan First non-sanctioned LNG carrier in over 12 months heads north through Red Sea Asyad Shipping-controlled vessel signalling it has armed guards on board Jaldhi Overseas inks gas carrier newbuildings in China Russian Far East on alert after Chinese bulker runs aground off Sakhalin (video) Cargo ship runs aground in Sakhalin No fuel leak reported so far from coal-carrying supramax

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FEBRUARY 10, 2025

Trump tariffs see retailers boosting US container imports Imports are forecast to remain elevated at major U.S. container ports as shippers try to stay a step ahead of levies on China and other producer countries, according to the Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. There's no end in sight for monthslong frontloading, which has carried [...] Waiting for a plunge in Red Sea freight rates? 'Hold my container,' say carriers While the head of the Suez Canal expects shipping to normalize by late March, container shipping lines see a longer timeline.