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FEBRUARY 12, 2025

Early resolution of the issues faced by PPP players essential to boost port investments: President, IPPTA HMM registers strong financial performance in 2024 India-European Free Trade Association Desk launched to further boost economic ties Allcargo Terminals' Q3FY25 EBITDA up 11% Y-O-Y CONCOR facilitates efficient reefer container movement to JNPA Survey shows sustained growth and higher optimism for India's manufacturing sector Global tonnage increase in January much lower than last year Lufthansa Cargo offers customers a simplified booking process in a pilot environment Dholera Airport intends to commence air cargo ops in July 2025 Bahri celebrates strategic partnership with LIV Golf, driving global expansion and enhanced brand visibility Adani Vizhinjam Port successfully handles its deepest draft vessel till date VOC Port reportedly exploring setting up shipbuilding facility in Thoothukudi with Korean firm Singapore seen as a key hub for Europe-Asia cargo under Gemini alliance

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FEBRUARY 12, 2025

Strategic cooperative effort Improved truck services at Metrans' Bucs terminal Dachser air and sea logistics relocate to Himberg Flying equine stars from Europe to Hong Kong 100 years of Belgian-African aviation marked with a stamp Tir hubs and cross-borders routes open in China The consequences of a merger Arches Capital investing in Next Ocean radar system "Curiosity of the Day" CER Cargo modernising with 'Transmontanas' Unipart makes leadership changes Tallink Silja deploys 'Star 1' on Kapellskär-Paldiski route Cargo driving Norwegian long-haul pax expansion Röhlig expanding its network and digital services

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FEBRUARY 11, 2025

Blanked voyages fail to halt sliding spot rates, and March GRIs will be resisted Metals tariff rocks auto industry, and Trump smiles on bribes in foreign deals Luxury logistics: Ferrari Group - the new kid on the (IPO) block HMM reports 500% rise in operating profit, and eyes fleet and route expansion US land transportation - shippers in charge for longer EC eyes 'handling charge' replacing de minimis in bid to tackle cheap imports Logistics losers and winners - trucking and shipping - but the tide may turn Ambitious Turkon Line sails into India trades 'dogfight' Converted De Havilland Dash-8 freighter eyes new lease of life Maersk warns of delays in Rotterdam after port workers' strike

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FEBRUARY 11, 2025

Sweden replaces steel piping with thermoplastics in key icebreaker application Built by the Götaverken Arendal AB shipyard in 1989, the Swedish Maritime Administration icebreaker Oden is one of the world's most powerful non-nuclear vessels of its type. The Oden is active throughout TTB 2025: Navigating new employment law changes in the Trump era Kathlyn Perez, founder of New Orleans-based Perez Law LLC, will deliver a comprehensive presentation on the evolving landscape of federal employment law at Marine Log's TTB 2025 conference in Mobile, Ala., on NTSB: Ineffective voyage planning led to crane hitting Mackinac Bridge Not for the first time, the National Transportation Safety Board has issued a report involving a crane, a barge and a bridge. This latest report deals with an incident that occurred on

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FEBRUARY 11, 2025

Post NL's Spring GDS opens new hub in UK Post NL's international subsidiary Spring GDS has officially established its new hub at London Heathrow, United Kingdom. The new 30,000m² facility is designed to enhance the global shipping capabilities of the company and can process 40,000 items per day. The hub is equipped with 256 solar panels on the roof, with an EPC rating of A+. The facility currently houses a team of 100 UK-based staff mem CLdN expands service between Belgium and England European multimodal logistics provider CLdN has decided to increase the frequency and freight capacity on its Zeebrugge-Teesport route. The company said this increase is driven by growing customer demand for the service which provides direct access for freight units to and from North East England and Scotland. The increased frequency will come into effect from the end of February and will be achi Why Port Operators Should Eye Sustainable Returns Strategies Running a port is no walk in the park. After all, you're juggling countless responsibilities - maritime traffic, regulatory compliance, and global trade demands - all while navigating growing environmental pressures. Sustainability isn't just a buzzword anymore; it's a business reality. And one of the most promising strategies for port operators? Investing in innovative reverse logistics solution Yang Ming enhances intra-Asia service Taiwanese box carrier Yang Ming aims to optimize its intra-Asia service network by enhancing its Japan (Kansai) - Taiwan - South China route (Japan Kansai Express, JKX). Effective in early March, the route will be extended to the port of Haiphong in Vietnam to meet the country's growing market demand. "This extension aims to strengthen Yang Ming's competitive position in Southeast Asia, capitaliz DP World proceeds with Sokhna Logistics Park development DP World has reached a major milestone in the development of the Sokhna Logistics Park in Egypt, with 65% of the first phase now already completed. Spanning 300,000 m², DP World aims to enhance its global network providing cost-effective and integrated supply chain solutions through the facility. The park, located 10 kilometres from Sokhna Port, offers direct access to Greater Cairo's key markets BIMCO: Increase in regional container trade imbalances Since 2019, the global container market has grown 8%, ending at 183.2 million TEUs in 2024, according to Container Trade Statistics. This growth, however, has been very uneven, according to BIMCO's Chief Shipping Analyst Niels Rasmussen, with regional imbalances between exports and imports having increased by 33%. In 2019, regional imbalances totalled 58.8 million TEUs, equal to 52% of inter-regi Container Shipping Surge Among Major Players Amid Intense Dynamics In recent weeks, shifts in global trade dynamics, influenced heavily by geopolitical tensions and policy changes, have significantly impacted container shipping trends, especially in the United States and China. HHLA signs collective agreement with German trade union ver.di Major German port and terminal operator Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) and the German trade union ver.di have concluded a social and change collective agreement. With this deal, HHLA and its employees receive binding legal and planning security for the implementation of transformation projects, which are expected to strengthen the competitive edge of HHLA and secure jobs i Danaos announces new container vessel orders amid stable financial results Greek vessel owner Danaos Corporation announced the addition of two 9,200 TEU newbuild vessels to its orderbook. The company said it booked the newbuildings in December 2024 and expects to receive them in 2027. In February, Danaos entered into a syndicated loan facility agreement for an amount of up to US$850 million in order to finance all of its remaining newbuilding container vessels, includin Container lines still hesitant about returning to Red Sea All mainline operators are sticking to detours round the Cape of Good Hope, according to Linerlytica's analysis. Dublin Port installs multi-camera system on container cranes Irish port service, logistics and renewable energy specialist Doyle Shipping Group (DSG) has installed an advanced multi-camera system on 14 rubber-tyred gantry cranes at Dublin Port to enhance port safety. This follows the implementation of Camera Telematics' solution - initially fitted on 44 terminal tractors, as well as 16-tonne forklifts and reach stackers, operating at the Irish port - which Maersk changes German port call on ME2 service Danish box line Maersk has announced the replacement of the Bremerhaven port call with Hamburg on its Middle East to Europe (ME2) service. Effective from 21 March, Maersk vessels will call at the port of Hamburg, instead of Bremerhaven, with the Danish carrier aiming to enhance its service offering and ensure more consistent schedules. The updated port rotation will be Colombo (Sri Lanka) - Chenn Strike action at Rotterdam terminal disrupts operations Maersk has published an advisory of the unplanned strike action at Hutchinson Port Delta II in Rotterdam, which started on 9 February. The strike action has led to a temporary suspension of operations at the terminal and is related to negotiations of a new Collective Labour Agreement, according to Maersk's announcement. While operations have now resumed at the Dutch terminal, there is still a slo Hapag-Lloyd increases Asia-Oceania rates German ocean carrier Hapag-Lloyd has announced a new General Rate Increase (GRI) for shipments from Asia to Oceania. The rate increase will apply to dry and reefer containers, as well as high cube equipment, and will be effective from 1 March until further notice. Hapag-Lloyd said the GRI will be US$300 per TEU and published the following geographical scope of this rate increase: Asia: Brunei, Ca HMM earnings and profits rise in 2024 South Korean major ocean carrier HMM has reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion (US$2.6 billion) in 2024. All major financial indices of HMM were significantly higher than their corresponding 2023 results, indicating the company's economic recovery in the previous year. HMM's operating mar Bosphorus transits maintain upward trend In 2024, the Bosphorus, a crucial maritime passage through Istanbul connecting to the Black Sea, saw 41,300 vessels navigate its waters. This represents a growth of 6% from the previous year, during which it achieved a notable 11% increase from 2022 levels. The majority of these ships were general cargo vessels, constituting 37% of the total traffic, though their numbers remained relatively stabl

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FEBRUARY 11, 2025

Euroseas agrees charter extension for feeder boxship Nasdaq-listed Greek boxship owner Euroseas has inked a charter contract extension for one of its feeder containerships. Euroseas won a charter for the 1,740 teu EM Hydra for a minimum period of 24 to a maximum period of 26 months at the charterer's discretion, at a gross daily rate of $19,000. The new charter for ... Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has secured new employment for its newcastlemax bulk carrier currently trading on a fixed time charter. The Tor Olav Troim-backed owner and operator has entered into a 14-to 38-month contract for the 2023-built Mount Norefjell starting after the vessel's redelivery from its current charterer in late February 2025. The vessel will earn ... Hanwha Ocean building LNG carriers for its shipowning arm South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping. The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027. Hanwha Shipping was formally launched by Hanwha Ocean in April 2024 as a shipowning arm ... Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece's Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan for about $370m. HD Hyundai Mipo, which had also ... Danaos reveals order for boxship brace Greek owner Danaos has bolstered its newbuilding orderbook, adding two more vessels to its 9,200 teu series in China. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted CSSC-affiliated Huangpu Wenchong Shipbuilding in Guangzhou to deliver the newbuilds in 2027 at about $105m each. According to the company, the ships were booked ... US box imports soar ahead of new tariffs US box imports reached a record high in January with deliveries from China up for a second month, according to Canadian logistics and supply chain management tech specialist Descartes. Imports in January stood at 2,487,470 teu, surpassing the previous record in January 2022 by 21,455 teu. Boxes from China hit 997,909 teu of last month's ... Cenovus hires DOF anchor handler duo for a total of six years Norwegian offshore vessel owner DOF has won deals for two anchor handlers for work in Canada. The company won contracts for the 2018-built Skandi Minder and Skandi Mover from Cenovus Energy. The former was hired for one year while the latter won a contract for five years. Financial details of the deals were not revealed. ... Hapag-Lloyd back at Hanwha Ocean for next series of dual-fuel ships Germany's Hapag-Lloyd is lining up more dual-fuel containership newbuilds. The Hamburg-based global carrier has returned to South Korea for six 16,800 teu vessels, according to multiple shipbuilding sources. Hanwha Ocean is set to build the LNG dual-fuel boxships at about $200m each with delivery expected between 2027 and 2028. The new deal with Hanwha Ocean, ... Source Galileo, Portland Port to work together on UK offshore wind farm European renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding with Portland Port to maximise opportunities for offshore wind development off the Dorset coast. Portland Port has a history of servicing the offshore wind sector and is in discussions with potential partners to enable and support the future construction and operation of ... Eni taps Hilong for Congo LNG gig Chinese firm Hilong Petroleum Offshore Engineering has been awarded a transportation and installation contract for the second phase of Eni's Congo LNG project. The scope of the contract, worth around $56m, is for the transport and installation of two wellhead platforms. The deal will last for six months with a start date in June. Operations ... Aker Solutions secures work on German offshore wind project Norway's Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin1 offshore wind grid connection system in Germany. The HVDC substructures will be fabricated in Aker Solutions' yard in Verdal, Norway. At its peak, the project will employ over 500 people. The ... South Africa gets its first LNG import terminal The global seaborne gas trading map is set for a shake-up with news of the first LNG import terminal in South Africa. Richards Bay is poised to be South Africa's liquid fuel industrial hub after Transnet National Ports Authority (TNPA) signed two strategic terminal operator agreements for the development of the country's first LNG import ... FRSU charter terminated in Germany German private LNG terminal operator Deutsche ReGas has discontinued its charter with the Federal Ministry for Economic Affairs and Climate Protection for a floating storage and regasification unit in the industrial port of Mukran. The company said it had terminated the contract for Energos Power, one of the two FSRUs currently operating at the Deutsche ... Geneva Dry Dialogues: LEEWAY Brokers Prerak Gulati is looking forward to making a splash in Geneva this April. On hearing rave reviews of its debut event, Gulati, the founder of Dubai's LEEWAY Brokers, decided it was time to engage, signing up as a Gold Sponsor for the 2025 edition of Geneva Dry. "I'm looking forward to meet various stakeholders of ... Israelis trim cape fleets As the Chinese New Year has concluded, some deals have emerged in the cape segment. Chinese owners are once again purchasing, despite a prolonged period of depression in the market, while famous Israeli shipowners reportedly have sold three ships in the 20-year-old age bracket. The Moshe Mano-founded company Mano Maritime, a subsidiary of the Mano ... A.P. Moller Capital invests in Spanish ports group A.P. Moller Capital has unveiled a new partnership with Bergé y Compañía to grow Bergé into a top ports infrastructure company in Iberia and Latin America. The unspecified investment is financed through a separately managed fund backed by A.P. Moller Holding. Founded in Spain over 150 years ago, Bergé has a presence in 27 ports ... Somali pirates head back to sea Shipping has been warned that Somali pirates are back hunting for targets. British maritime security consultants Ambrey has issued a notice to clients detailing a suspected pirate action group sighted

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FEBRUARY 11, 2025

Container shipping stocks soar as Middle East peace prospects sink Bad news is often good news for shipping stocks. There is bad news for the Israel-Hamas ceasefire, which is good... Russia's core fleet calling at occupied territories maintains traffic volumes Assessing voyage data reveals at least 60 dark port calls in 2024, equating to 1.3m dwt Not decarbonising? Then we won't lend, says ING Transition efforts driven by IMO and Poseidon Principles, says finance chief 'Let hell break out': Gaza ceasefire snag looms over Red Sea return The end of the Houthis' Red Sea aggression has been tied to the Israel-Hamas ceasefire, the continuation of which is... Danaos adds to boxship orderbook as shipping sails into unpredictability Tariff war guarantees disruption, which often benefits shipping, but economic slowdown could cancel out any benefit, says chief executive John... Investment in smaller boxship newbuildings needed after focus on ULCs Once container markets stabilise, asset prices may become more predictable and induce a return to more speculative orders AP Moller Capital buys majority stake in Spanish logistics company The AP Moller Holding subsidiary said the partnership with Berge y Compania will grow BERGE into a leading ports infrastructure... South Africa signs operator agreement for first LNG terminal The chair of South African port authority Transnet said the new terminal would help alleviate the country's energy supply challenges Precious Shipping sees resilient Asian consumers driving continued demand in 2025 Precious Shipping warned that Asean countries may not benefit from greater investment and export gains as happened during the previous... Flag-hopping history revealed for 'dark fleet' tanker that exploded at Russian port Antigua and Barbuda flagged Koala had just moved ISM management for the fourth time since 2021 in mid-January to Cyprus-incorporated... 'Maximum pressure' on Iran will boost mainstream VLCC demand Opec producers in the Middle East Gulf said to have as much as 5m barrels per day of spare capacity... The Daily View: The law of unintended consequences Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping HMM profits nearly quadrupled in 2024 to $2.6bn HMM warns of continued uncertainty this year, owing to factors such as US tariffs, vessel overcapacity and supply chain shifts Crew safe after Chinese bulker runs aground off Russia's Far East Chinese owner says it is coordinating rescue efforts and sending assistance personnel HJ Shipbuilding seals $88m LNG bunkering vessel order The latest deal also marks HJSC's first order of 2025. The shipyard turned to a profit in 2024 and is... Seacon sells chartered tanker to Union Maritime for $32.9m Since its listing in Hong Kong, Seacon has disclosed several similar deals, acquiring bareboat chartered tonnage and immediately selling it... Daily Briefing Sanctions have fragmented Sovcomflot's structure and made it less Russian | Is freedom of navigation under threat? Part II |...

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FEBRUARY 11, 2025

Stakeholders say choked NY-NJ marine terminals creating delays at port The congestion is making it difficult for truckers to return empty containers and puts shippers at risk for late fees on empty returns and import retrievals. Strikes, storms and record volumes adding to North Europe port delays Full ships from China are arriving as labor action roils container handling at major hubs in Rotterdam and throughout France, with the disruption exacerbated by bad weather. Red Sea diversions, trans-Pacific volume drive HMM to solid annual result But the South Korean carrier said uncertainty over the timing of a return to Suez Canal transits and the impact of US tariffs on trans-Pacific trade flows was clouding its 2025 outlook. Supercharge Security with Policy as Code See how code-driven policies unify validation & access control, streamlining compliance at scale

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FEBRUARY 11, 2025

Russian official threatens Baltic states over 'clown show' plans to seize shadow tankers Lawmaker says Western vessels could be boarded if plan carried out Container freight futures rally on Red Sea woes as spot rates slide Expectations of longer transits lead to four days of straight gains on forward markets BW Group-backed shipowner teams with Porsche company to buy green methanol for ships Offshore wind player Cadeler will join HyLion network for eco fuels Forward container freight markets rally on Red Sea woes as spot rates slide Expectations of longer transits lead to four days of straight gains on forward markets Shipping impact from Trump's steel tariffs will depend on how reality matches headlines Implications for supramax and ultramax bulkers depend on how far policies will be watered down Union Bulk scores new hires in Singapore and Copenhagen as Michael Bonderup rings changes Bulker operator has been reorganising and expanding since its new CEO joined No place to hide: ING's Stephen Fewster reveals how to stay off ship finance blacklist Global head of shipping wants to finance top-tier owners, but only those showing willingness to decarbonise FSL Trust profit soars on tanker sale and impairment reversal Company works to identify new projects with 'attractive risk and reward balance' Royal Vopak and Transnet ink deal to build and operate South African LNG terminal Phase 1 of Richards Bay facility will involve FSU Appeals court rejects Jones Act challenge that sought to protect $247m rock vessel's market Decision leaves in place US decision to allow foreign-flag vessels in key stage of offshore wind projects Baltimore bridge disaster played no part in premium hike, says Britannia Oldest club looks to build on historic strength after a year dominated by the Dali collision Blast damage suggests limpet mines used on Russian tanker, analysts say Ambrey Analytics argues dimensions of hull gashes indicate deliberate act Pantheon Tankers pencils in suezmax newbuildings in return to South Korea Greek shipowner returns to South Korea after five-year break BW Group owner teams with Porsche company to buy green methanol for ships Offshore wind player Cadeler will join HyLion network for eco fuels German shipowner Lehmann inks deal for newbuilding pair Company orders small cargo ships at its favourite Dutch shipyard Pantheon Tankers pencils in suezmax tanker newbuildings in return to South Korea Greek shipowner returns to South Korea after five-year break Wison New Energies sells off sanctioned shipyard to Chinese company FLNG unit 'on schedule', Eni says, as floater shifts to another facility for completion Be vigilant, vessels warned as Somali pirate gang prowls key shipping lane Security company Ambrey says raiders spotted leaving Eyl coast 'Vicious volatility': Product tanker share price targets cut Pareto keeps 'buy' ratings for Hafnia, Scorpio Tankers and d'Amico 'Filling an Iranian-shaped hole': US policy set to boost Opec supply in spring spur for tankers Major tanker catalyst might finally happen, BRS Shipbrokers says Shipping watches nervously as Gaza truce hangs in balance and Donald Trump lays down the law Any breakdown is expected to lead Houthis to resume campaign in Red Sea George Procopiou flagged as buyer of up to four suezmaxes from Teekay Tankers Conflicting reports emerge on the number of vessels changing hands Basalt Infrastructure Partners beefs up on LNG carriers with Celsius newbuilding Investment manager adds JERA-chartered vessel delivering in 2027 but is hungry for more Seeing the future: Rogue-wave predictor sounds critical three-minute alarm for seafarers Next Ocean start-up claims software can save lives Shipbuilder Hanwha Ocean banks $500m order from its shipowning start-up New venture has inked VLCCs and two LNG carriers at its sibling company Danaos sees healthy boxship market as world enters 'uncharted' tariffs territory Major US-listed owner posts robust profit, despite a lower valuation of its Star Bulk stake Klaveness Combination Carriers completes quick share buyback under budget Oslo-listed owner had earmarked $9.1m for capital return programme but did not have to spend this much HMM profit trebles as uncertainties persist over tariffs and overcapacity Giant South Korean owner saw money roll in during 2024 Belships pulls the trigger on ultramax purchase option after profitable quarter There was no dividend due to the ongoing takeover process Shadow fleet tankers face mass arrest under plans being drawn up by European nations Nordic and Baltic countries working on new ways to impede Russian oil flows Swedish Club targets A-rating to secure top-quality tonnage Managing director Thomas Nordberg says brokers focus on the conclusions of rating agencies Danaos sees healthy boxship market as world enters 'unchartered' tariffs territory Major US-listed owner posts robust profit, despite a lower valuation of its Star Bulk stake Zodiac Maritime cashes in capesize pair in $30m sale Move fits fleet renewal plans and continues dominance of Chinese buyers in the space Precious Shipping cancels Japanese bulker buy due to excessive delivery delays Khalid Hashim-led company also reveals sale of older bulker as it announces doubling of net profit in 2024 Teco revives hydrogen fuel cell dream with Indian investment after bankruptcy Tore Enger-led project has formed new company to manufacture low-carbon propulsion systems in India Eastport Maritime goes Italian style for its coveted annual Lunar New Year bash Singapore-based shipbroker shows how changing up the menu draws plenty of guests AP Moller's private equity arm takes majority stake in Spanish ports company Alliance with Berge y Compania aimed at expanding logistics unit Cosco shipowning and shipbuilding arms team up with GTT Link-up comes to light as French firm says farewell to chief executive

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FEBRUARY 11, 2025

Analyst: Shippers' tariff fears could keep trans-Pacific container rates up during February 'dip' The developing U.S.-China trade war will likely keep eastbound trans-Pacific container rates elevated as shippers pull imports forward.