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MAY 13, 2025

"Kerry Indev Logistics" rebranded as "K-Indev Logistics" Ships as security for banks in the offing iPhone exports surge 116 pc in April Baltic Exchange Market Report (9 May 2025) 'I have learned that success lies in uniting people under a shared purpose' Y/Y capacity reduction 4%-5% on TP in April/May BPCL Liquid Cargo Terminal LB-01 & LB-02 to be shut from May 27 to 31 for strengthening works Container ships returning to the Red Sea seen flooding the market with capacity and collapsing freight rates: Analysis Paradip Port Authority advisory on berthing at Berth No. 03 Maharashtra Maritime Board on monsoon foul season Vizag Multipurpose Terminal joins hands with Hindalco to build India's first fully-automated, sustainable Alumina Handling Terminal at Visakhapatnam Port India's first hydrogen-powered mining truck commences operations Report on priority trucking corridors for zero-emission launched DP World opens multi-user, bonded, purpose-built warehouse in Singapore AD Ports Group begins 2025 on a strong note PSA BDP strengthens its foothold in Mexico with key acquisition US-China trade thaw presents both challenges and opportunities for India: FIEO President India, UK FTA expected to raise plastic products exports DG Shipping elevates security to Level 2 at ports Export restrictions for critical raw materials growing APSEZ has reportedly entered global freight forwarding

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MAY 13, 2025

Patrick Bourreau joins Modalis as strategy director Holle moves back into politics Stable performance, green focus Ceva launches Mumbai office IRU, ETF demand clarity New belly capacity for Australian exports "Curiosity of the Day" Turvo names Deshpande SVP of product strategy Biofuel transport across the Baltic DSV launches Chicago-Shanghai airfreight charter Call for electrification targets Logistics resilience from NX

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MAY 12, 2025

Ecommerce likely the front-runner in resurge of transpacific trade after deal Service chaos from trade ban with India a problem for Pakistan shippers Container trade economics - what to look for now News in Brief Podcast | Week 19 | Airfreight nosedive and blank sailings Investors beware: 'Outsize returns' not available in T&L Trade deal sees UK vehicle and US beef exports the main beneficiaries OceanX: M�rsk rally overshadows post-US-China trade deal news Perishables shippers want more reliability on South American trades 'Labour arbitrage' says union, but Trump mulls new US flag of convenience DP World announces 'transformative' expansion plan for Caucedo hub

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MAY 12, 2025

Podcast: Green technology and sustainable vessel designs In this episode of Marine Log's Listen Up! Podcast, sponsored by Chevron, we dive into the redefining role of green technology in the maritime industry. With us today is Will Ayers, Elliott USCG streamlines reflagging ships to the American Registry The Coast Guard says that it has streamlined the process for reflagging foreign ships to be certificated under the American Registry, without compromising safety. In doing so, the USCG has consolidated the Copán, Crowley's second Avance class ship, enters service Copán, the second vessel in Crowley's series of four Avance Class LNG-fueled containerships on charter from Eastern Pacific Shipping, has followed its sister vessel, Quetzal, into service and begun its inaugural commercial

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MAY 12, 2025

Red Sea Reset: Is the Suez Canal Ready for a True Comeback? As the smoke begins to clear over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is navigating a delicate balance between reassurance and reinvention. With the recent ceasefire agreement between the United States and Yemen's Houthi rebels easing immediate security threats, a new question emerges across global shipping circles: Is the Suez Canal genuinely ready for a large-scal Container shipping holds its breath amid US-China tariff ceasefire The United States and China entered a 90-day ceasefire , suspending key tariff measures and laying the groundwork for renewed economic dialogue. Since the inception of the US-China trade war, the container shipping industry has borne the brunt of uncertainty Pilbara Ports announces new Ship WiFi Support Program Pilbara Ports has launched a new initiative to enhance seafarer welfare by improving onboard WiFi connectivity in the Port of Port Hedland. The Pilbara Ports Ship WiFi Support Program will replace individual SIM card recharges with free ship-wide internet access and data top-ups to participating vessels upon each return to the Port of Port Hedland. The new initiative transitions away from individ Cavotec inks US$9 million shore power order with major ocean carrier Swiss engineering group Cavotec has signed an order valued at €8.1 million (US$9 million) with a global container shipping company to deliver complete shore power systems for newly built container vessels. The order includes cable management reels and weatherproof enclosures, with deliveries scheduled to begin in the second half of 2026. Cavotec's systems will provide cable management solutions, Transshipment Power Play: Singapore, Colombo and Salalah compete amid global trade shifts As geopolitical tides reshape global shipping routes, three key transshipment ports-Singapore, Colombo, and Salalah-are vying for supremacy in the restructured container logistics ecosystem. The ongoing US-China tariff war, compounded by Red Sea security disruptions, has prompted rerouting and realignment of maritime flows. This article examines which port is best positioned to leverage these cha Shipping Stocks Weekly: Latest Market Moves Shipping Stocks Weekly provides a timely overview of how major container shipping companies are performing in the equity markets. The container shipping industry continues to navigate a complex mix of macroeconomic and geopolitical forces. While global trade has shown signs of resilience, challenges such as Red Sea tensions , persistent supply chain disruptions, and inflationary pressures on oper Wärtsilä launches commercial carbon capture system for maritime sector Wärtsilä has officially launched its innovative carbon capture solution (CCS) for commercial use across the global maritime industry, marking a significant advancement in the sector's decarbonisation efforts. According to in-house testing, the Wärtsilä CCS can reduce CO2 emissions from vessels by up to 70%, offering shipowners a practical solution to comply with increasingly strict environmental CMA CGM applies North America - West Africa surcharges French ocean carrier CMA CGM has introduced new Emergency Operational Recovery (EOR) surcharges on shipments from North America to ports in West Africa. Starting 7 May, a surcharge of US$150 per container will apply to cargo originating from Canada, while a US$100 per container fee will be imposed on CMA CGM's shipments from the United States to West Africa. If you liked this post, please conside Feeder ships outpace larger vessels in investment returns Consultancy Arthur D. Little said that feeder vessels are now generating a better return than large container ships. The return on investment (ROI) of the feeder sector is 17-23%, compared with 7-12% for boxships of up to 24,000 TEUs JAFZA turns 40 with record-breaking trade volumes Jebel Ali Free Zone (Jafza) has marked its 40th anniversary with record-breaking trade volumes of US$190 billion over the last 12 months, translating to a 15% year-on-year increase and its highest ever contribution to Dubai's economy. The milestone underscores the enduring strength of Jafza's model - a purpose-built ecosystem integrating a major port, world-class logistics infrastructure and busi U.S. and China slash tariffs in major trade breakthrough The United States and China have agreed to suspend the majority of tariffs on each other's goods, signaling a significant easing of trade tensions between the two largest economies in the world. As part of the new trade deal, "reciprocal" tariffs will be reduced from 125% to 10%. However, the U.S. will maintain its 20% tariffs on Chinese imports related to fentanyl, keeping the overall tariff lev Chabahar Comeback: India and Iran reinforce maritime axis amid Red Sea instability In a bid to sidestep the stormy tides of maritime insecurity and geopolitical friction, India and Iran are doubling down on their collaboration over Chabahar Port and the International North-South Transport Corridor (INSTC) CMA CGM increases Far East rates Effective from 1 June, CMA CGM will implement increased Freight All Kinds (FAK) rates from North Europe and Mediterranean to Far East. The French carrier will apply the following rates from all North European base ports to all Far East base ports for all dry cargo: Quantum in USD per 20' Quantum in USD per 40' From North Europe to Far East 600 1,040 Additionally, CMA CGM will introduce the follow

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MAY 12, 2025

JR Shipping poised for dry bulk return with newbuild brace Dutch owner JR Shipping has set out to return to the shortsea dry cargo sector with two diesel-electric newbuilds to be built at Chowgule Shipbuilding in India. The Harlingen-based group will be adding 8,500 dwt ships with delivery scheduled for the end of June 2027 and the end of February 2028. The newbuildings are part ... Esvagt and KMC Line firm up Korean offshore wind venture Danish offshore wind vessel operator Esvagt has officially formed a joint venture with South Korean shipping company KMC Line. The jv named KESTO will target the growing South Korean offshore wind market, where current plans include as much as 18.3 GW offshore wind to be established by 2030. The two companies said the new business ... Olympic scores long-term CSOV contract with Aker BP Norway's Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in the Yggdrasil area from the fourth quarter of ... US and China agree to slash tariffs In a significant curtailment of the trade war between the world's two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115%, ... How tariffs have already reshaped minor bulk trade flows Tariffs, increasing stem sizes and changing trade patterns formed much of the debate at the Minor Bulks session at this year's packed Geneva Dry summit. Wlillem Vermaat, shipping director at Heidelberg Materials Trading, the second largest cement producer globally, noted that commodity trade flows tend to adjust to market changes. For example, US cement imports ... COSCO books newcastlemax newbuilds COSCO Shipping Bulk is swelling its orderbook with a pair of newcastlemax bulk carrier newbuilds at a domestic yard. Brokers tell Splash that the dry bulk arm of the Chinese behemoth COSCO Shipping has booked 209,800 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding. No price has been divulged for the duo slated ... Nordic American Tankers sells elderly suezmax Nordic American Tankers has revealed a new sale of one of its oldest vessels as fleet renewal at the suezmax specialist rolls on. The New York-listed company is offloading the 2004-built, 150,000 dwt Nordic Casor and should cash in about $22.5m after buying the vessel for a reported $29.7m in 2016. Earlier this year, the ... Danaos swells position in Star Bulk Greek owner Danaos has increased its holding in compatriot dry bulk giant Star Bulk Carriers. A recent filing to the US Securities and Exchange Commission (SEC) revealed that the John Coustas-led boxship tonnage provider and capesize bulker player had picked up around 2.03m shares in the Nasdaq-listed Star Bulk. The move takes Danaos' holding to ... Jump in VLCC sales A surge in VLCC sales over the past two weeks highlights the resilience of asset prices in the large crude carrier market. The most recent transaction features Bahri, Saudi Arabia's state-owned shipping line, offloading its second 17-year-old VLCC in months. Sales registers indicate that the Hyundai Samho-built Layla is changing hands for $46.6m. This follows ... DP World to spend $760m expanding Caucedo port in the Dominican Republic Global terminal operator has signed a deal in Latin America to spend $760m expanding the Dominican Republic's Port of Caucedo and its free trade zone. DP World said the Dominican Republic offers a compelling environment for manufacturers and logistics providers by offering competitive costs, robust tax incentives, and proximity to US markets and duty-free access. ... Paper tigers at sea Darren Shelton from FuelTrust discusses why shipping prefers the illusion of regulation. In global shipping, we often talk about regulation as a good thing - and rightly so. Rules are meant to protect the environment, improve safety and support fair labour conditions. The International Maritime Organization (IMO) and other bodies have spent decades creating systems ...

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MAY 12, 2025

Why green lending to shipping is struggling to take off Little of the finance into shipping is 'green'. Changing that will depend on bigger factors Ship tracking is about to become a difficult conversation for some governments A push within the IMO to review Long Range Identification and Tracking of vessels is likely to prove politically contentious... US-China trade war de-escalation was expected - but not this fast If there's one thing that's for certain in Trump 2.0, it is that there's no certainty on tariffs. The magnitude... Israel issues evacuation warning to Houthi-controlled ports Israel has warned 'all those present' at Houthi-controlled ports of Ras Isa, Al-Salif and Hodeidah to evacuate. With reports of... Adnoc posts profit dip despite Navig8 acquisition Net profit for the oil and gas transporter was down 5% in the first quarter of 2025 on the same... Container demand soars, but supply chain imbalances deepen Headhaul routes saw strong growth, but backhaul volumes declined for a third consecutive month. As repositioning empty containers becomes more... Shipping's secret trade: the fightback Lloyd's List reporter Joshua Minchin looks again at the secret illegal trades using our vessels and ports to understand how... Taiwan's container lines weaken in April, but US-China tariff truce offers hope A joint move to suspend tariffs signals potential recovery ahead, with analysts forecasting a rebound in China-US container trade ICS vows to continue speaking out against 'draconian' US port fees while hoping for trade détente The ICS reaffirmed its opposition to the revised US port fees targeting Chinese shipping, pledging unity within the industry while... Recycling tonnage plummets in April as owners keep older ships trading The volume of vessels recycled by gross tonnage fell 60% in April compared with March, Lloyd's List Intelligence data shows The week in newbuildings: Cosco orders up to 12 newcastlemax bulkers Orders for three bulk carriers, four tankers and four gas carriers recorded in past week The week in charts: US-Houthi ceasefire not expected to spur Red Sea return | Panama Canal yet to see tariff hit | Hope for Simandou to offset Chinese ore demand drop US ships will not be targeted, but Houthis say Israeli ships are still 'banned' in Red Sea; Panama Canal numbers... The Daily View: A bigger problem Daily Briefing UK sanctions 100 dark fleet tankers | Chinese terminals and teapot sanctioned as US increasingly targets buyers of Iranian oil...

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MAY 12, 2025

Multimillion-dollar price tag awaits car carriers as US ship fees loom Wallenius Wilhelmsen, the world's largest car carrier operator, said its vessels make between 300 and 350 voyages a year to the US, potentially generating annual voyage fees of about $300 million. DP World plans $760 million investment in the Dominican Republic The investment will increase the Port of Caucedo's capacity by 24% while expanding an adjacent Free Trade Zone, the terminal operator said. Capacity crunch beckons on eastbound trans-Pacific after US-China deal Much of the volume that has been locked up over the past month will come flooding back into the market after Washington and Beijing agreed to significantly slash their respective tariffs for 90 days. West India container trade facing delays, vessel skips after regional tensions Despite a ceasefire announced over the weekend between India and Pakistan, the combined impact of the recent tensions and enhanced port security protocols has left container supply chains out of India's west coast corridor in a state of flux.

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MAY 12, 2025

Pangaea Logistics cuts dividend in half and approves stock buybacks Rhode Island-based niche bulker specialist is tweaking capital allocation after rare loss-making quarter International Seaways plots buyback of six VLCCs from Ocean Yield with savings in sight Lower costs on former Gener8-Euronav tankers could reduce operating costs even further Shipping shares ride wave alongside broader US stock market uplift on China tariffs deal Big movers include Matson, Zim, Pangaea Logistics and Dorian LPG in New York trading New shipowner formed by Esvagt and KMC Line to 'follow customers' to South Korea Danish and South Korean operations set up Kesto to chase offshore wind shipping business 'Best result in our history': Fincantieri wins record orders as quarterly revenue surges Defence and cruise orders fuel growth in contracts backlog Hoegh Evi green-lights LNG carrier-to-FSRU conversion after securing new charter Existing unit currently serving Egyptian buyer set to head to Australia later than first planned Five kamsarmax bulk carriers offered in online auction- with extra incentive for shipbrokers Shipbrokers are being offered extra commission if they introduce the winning bidder Olympic boosts contract cover over $500m with five-year Aker BP charter Norwegian owner says vessel could stay on with oil company for 10 years UK to swing sanctions hammer at more 'actors' supporting Russia's 'illegal' Ukraine war Foreign secretary David Lammy poised to unveil more measures, hot on the heels of blacklisting 100 tankers last week ITIC pays out after agent's 'costly oversight' in booking container ship pilot UK insurer settled claim for $135,000 after ship was left without navigational help in port Private to public: A new role with Pangaea Logistics brings Dan Schildt into view New chief strategy officer quietly built a career over two decades at traditional Connecticut outfit Senegal finally receives first LNG cargo for FSRU as power plant switches to gas Shipment arrives four years after regas unit was delivered Payment fraud sees shipowner ESL Shipping call in police Finnish owner says incident was not a cyber attack Trafigura sells LPG carrier out of Chinese lease financing pact Trader sells leased midsize ship with charter back for two years John Su's Erasmus forks out $45m for feeder brace from Idan Ofer venture Athens-based owner on course to build up substantial feeder container fleet Major Greek owner in pole position as oil major Repsol gears up for shuttle tanker newbuildings Yards have already submitted initial offers for crude carrier pair due 2028 Chinese giant Cosco Shipping Energy puts $220m of VLCCs and product tankers on sales block Board of Chinese state owner also green-lights scrapping of small LPG carrier ITIC pays out after agent's 'costly oversight' in booking container ship pilot UK insurer settled claim for $135,000 after boxship left without navigational help in port Trump order to deregulate sees Coast Guard simplify rules for moving ships to US flag Official says move is first in bid to 'restore American maritime dominance' Expanding Columbia boosts C-suite with new faces to 'stay nimble' Schoeller-owned management and services group promotes three rising stars to top table LNG dual fuelling pays back under new rules, while methanol and ammonia do not, SEA-LNG says Modelling by industry lobby coalition sets out investment cases under IMO and EU regulations VLCC spot rates set to rally on 'all-time high' crude oil exports from US to South Korea Analysts bullish about big tanker market as earnings climb Scandlines prepares for conversion to plug-in ferries in zero emissions push Ferry operator reports stable revenue and profit ESL Shipping back in profit after expensive bulker charters fall off books Finnish operator says earnings improved despite lower revenue US and China lower mutual tariffs, calling 90-day truce in their trade war Shipping stocks sparked to life as trading giants vow to continue 'respectful' talks Stephenson Harwood rainmakers unwind in style Celebration marked awards for advisory work on seven deals Analyst lifts outlook for Capital Clean Energy after better-than-expected earnings Gas carrier owner shows ability to score charters in 'less ideal environment' Bio-LNG buzz kicks in after landmark IMO emissions agreement Fossil fuel's greener cousin is experiencing a surge in interest, market players say Legal battle breaks out between alleged co-owners of sanctioned dark fleet tanker set for scrap Sanctioned UAE-based manager also looking to get paid for services Adnoc first-quarter net profit slips 5% on softer shipping performance Company is optimistic income streams from service portfolio will offset market headwinds in shipping Teekay Tankers dividend 'disappointing' as company sits on $631m cash pile, analysts say Fearnley Securities maintains a 'buy' rating but lowers share price target Great Eastern boss Bharat Sheth signs on until 2031 to make it 32 years in top job Indian owner's managing director joined family-controlled company in 1981 Navigare Capital recruits Christiania Gas manager as new partner Andrew Christian McPhail will join Danish investor in August Navigator board trimmed as BW LNG boss Yngvil Asheim quits as director Shareholder representative will stand down next month Japan sends 'first-ever' cargo of gasoil to Argentina Possible emergence of new trade route shows viable arbitrage opportunities despite long sailing time Eastern Pacific Shipping ranked as one of the best employers in Singapore AP Moller-Maersk and PSA Marine also make the list Stephenson Harwood rainmakers host evening of mirth and merriment Celebration marked awards for advisory work on seven deals

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MAY 12, 2025

Ocean lines welcome tariff pause, but is the supply chain ready? Container lines welcomed a pause in the tariff war that has crippled trade between the United States and China. Less China means more business for Port of Virginia The Port of Virginia wants container shippers to know that it's not beholden to China.