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MARCH 25, 2025

Sonowal visiting Singapore to boost maritime cooperation TKM Global skilfully handles challenging project cargo movement for Tata Steel Customs rule changes could raise compliance costs for importers: GTRI US fees on Chinese ships seen causing trade apocalypse India likely to import less LPG in 2025 India imposes anti-dumping duties on 5 products from China VOC Port's wind energy generation results in substantial carbon savings BCBA, JNPA and VPPL conduct orientation program on fundamentals of logistics & Customs clearance at Palghar AI in shipping and the vital data foundations MOL to deploy world's first ammonia-fuelled Capesize bulkers and chemical tankers Maintenance dredging at Mumbai Port berths Satish Honnakkatte assumes charge as Deputy Chairperson of Cochin Port Authority India will lower tariffs, but reciprocal duties on: US Suez Canal monthly revenue losses at $800 mn due to Red Sea crisis: Egypt Export duty on onion withdrawn from April Railways exporting coaches to Europe, Australia, Saudi Arabia: Minister

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MARCH 25, 2025

Grimaldi supports Unicef shipments to Senegal SGV calls for efficient restructuring Mounting pressure on Chinese box market Kinaxia - Cox succeeds Conroy Cargoline partner awards Swiss-Canadian cooperation on medical deliveries Partnering for airport charges data worldwide "Curiosity of the Day" Alstom Traxx for Slovenia UP appoints Christina Conlin as chief legal officer Wallenius Wilhelmsen reports record performance Lidl's biggest logistics hub in Portugal

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MARCH 24, 2025

Semiconductors could compensate for air freight's lost ecommerce traffic Truckers face a serious threat as large shippers develop networks The new Expeditors takes shape - management update News in Brief Podcast | Week 12 | Geopolitics, Gemini and DOGE OceanX: Hapag-Lloyd and 'the cost of quality'; Q4 '24 Ebit slump for carriers; AI agents 'Weakened' Maersk paying a heavy price for its lack of fleet growth Cosco profits surge, but headwinds from the US may slow pace of growth 'Market engagement' is key to reviving South Africa's flagging logistics Lomar Shipping set to trial 'innovative' hydrogen dual-fuel system

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MARCH 24, 2025

Reederei Norden-Frisia names Germany's first electric cat ferry Frisia E-I Germany's Reederei Norden-Frisia has held a naming ceremony for its latest vessel, the Frisia E-I. In a boost for sustainable public transport, the vessel, a Damen Fast Ferry 3209 Electric, is the Tidewater Transportation goes to Gunderson for four new refined products barges Vancouver, Wash.-based Tidewater Transportation and Terminals, the largest barge transportation and termina network on the Columbia-Snake River system, reports that it has finalized a contract with Portland, Oregon-based Gunderson Marine & Iron,

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MARCH 24, 2025

DP World, Reliance Industries team up on innovative rail solution DP World and India's Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail. This initiative is expected to cut carbon emissions significantly while enhancing operational efficiency. The new solution connects Reliance Industries' Jamnagar plant in Gujarat, India, to DP World's inland container dep Maersk and Port of NY&NJ reach lease extension deal for APM Terminals Elizabeth Maersk and the Port Authority of New York and New Jersey (PANYNJ) have agreed to extend APM Terminals Elizabeth's lease through December 2062. The deal was originally set to expire in 2029, but the lease extension marks a significant milestone in the company's partnership with the US port, which dates back over a century. The 33-year lease extension paves the way for major infrastructure investme Noatum Maritime receives first LNG-powered vessel for United Global Ro-Ro JV Noatum Maritime, part of AD Ports Group's Maritime & Shipping Cluster, has received its first LNG-powered Pure Car and Truck Carrier (PCTC) Ro-Ro vessel, which will be utilised by the recently formed joint venture (JV) with Erkport, United Global Ro-Ro. Forming part of Noatum Maritime's Ro-Ro expansion strategy, the newbuild vessel, named UGR Al Samha, a flagship for the Ro-Ro business, boasts 12 The Green Gamble: Navigating Risks and Opportunities in Sustainable Ship Financing Reed Smith, in partnership with DNV Maritime Advisory, organized "The Green Gamble: Balancing Risks and Opportunities in Shipping Investments" seminar at their London office. This half-day seminar, attended by over 70 specialists, including advisors, investors, representatives from shipping and energy sectors, and legal experts, focused on the current trends in sustainable ship financing. The mar Wallenius Wilhelmsen secures US$2 billion transport deal extension Scandinavian RoRo shipping and vehicle logistics company Wallenius Wilhelmsen strengthens its partnership with an established auto original equipment manufacturer (OEM) and enters a 10-year contract extension. The contract has an overall estimated gross revenue of US$2 billion, effective from April 2027. Both parties aim to grow the partnership and develop new, efficient solutions that will optim Shippers turning to futures and longer-term contracts to manage risks Daily turnover of Asia-North Europe (EC) container freight futures traded on the Shanghai Futures Exchange has reached US$1.5 billion. Speakers at the "Navigating the Volatility of Container Freight Rates" conference in Singapore today (24 March), said that years ago, interest in such futures wasn't high, but disruptions caused by the Covid-19 pandemic, the blockage of the Suez Canal with Ever Gi Somaliland's Growing Influence in Global Shipping As the Red Sea crisis continues, Somaliland is about to emerge as a pivotal spot for Western interests, especially for maritime shipping, as long as the region becomes more and more a field of geopolitical competition. China has become increasingly proactive in Africa, working to broaden its sphere of influence through substantial investments under the Belt and Road Initiative (BRI), particularly Seaspan to equip its entire fleet with Orca AI's SeaPod digital watchkeeper Israeli maritime technology provider Orca AI announced that Hong Kong-based container vessel owner Seaspan Corporation will integrate its cutting-edge SeaPod digital watchkeeper across its entire fleet. Seaspan aims to support safety improvements and operational cost savings through Orca AI's solution. Seaspan began using Orca AI's SeaPod digital watchkeeper on select vessels to enhance situation COSCO doubles profits in 2024 COSCO SHIPPING Holdings reported a doubling of annual profits, achieving an operating revenue of RMB 233.86 billion (US$32.3 billion) in 2024, representing a 33.3% year-on-year increase. Additionally, the company's Earnings Before Interest and Taxes (EBIT) reached RMB 69.95 billion (US$9.65 billion), representing an increase of 90.8% year-on-year, the net profit was approximately RMB55.40 billion Hapag-Lloyd extends Le Havre omission from SWX service Hapag-Lloyd has announced an extension of its decision to omit the port of Le Havre from its South America Westcoast (SWX) service. The SWX service connects Northern Europe with the West Coast of Latin America and the Caribbean. The German carrier initially announced the omission of the French port in October 2024 and has now decided to extend this measure until further notice to enhance service ClassNK announces leadership restructuring ClassNK's current Senior Vice President, Hayato Suga, has been appointed as President and CEO as well as Representative Director of the ship classification society. Additionally, current Corporate Officer Fumihiko Higashi has been appointed as Executive Vice President of the organization. The leadership changes took effect on 21 March. Former President & CEO Hiroaki Sakashita has been appointed a Nhava Sheva Port launches US$500M road project to ease congestion Indian shippers and supply chain stakeholders at Nhava Sheva Port (JNPA) could see significant relief from landside congestion as the port has won government approval for a new access road system. The project plan calls for a 29-kilometre link from the harbour to the nearest state highway intersection point. To be built on a build-operate-transfer (BOT) model, it is estimated to cost about US$525

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MARCH 24, 2025

Performance Shipping flips aframax for $21.5m profit Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been delivered to its new undisclosed owner, delivering ... Icon Energy bolsters fleet with modern ultramax Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter. The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025. The deal includes an advance payment of $2.75m, the same amount upon ... Maersk seals 33-year lease extension at port of NY and NJ AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth's lease through December 2062. Originally set to expire in 2029, the 33-year lease extension "paves the way for major infrastructure investments which will enhance capacity and transport velocity, create jobs and strengthen the US ... Uni-Tankers brings in fresh tonnage Denmark's Uni-Tankers is renewing its fleet with two modern stainless steel vessels. The Per Ekmann-led outfit is adding the Selandia Swan to its owned fleet this spring. The ship is said to represent the company's ongoing commitment to renewing its fleet with new, energy-efficient tonnage. Uni-Tankers is also bringing in the 2024-built 6,000 dwt Tina ... Diana Shipping bags Cargill panamax fixture Greek bulker owner Diana Shipping has landed another charter deal with Cargill, the New York-listed company's fourth fixture with the commodities trading giant in just over a month. The Semiramis Paliou-led company has secured employment for the 2010-built panamax Leto from end-March through to July 16, 2026, and extension options for up to two more ... Drydocks World scores FPSO refurbishment deal from Modec Dubai-based Drydocks World has been awarded a contract to refurbish and extend the operational life of the Baobab Ivoirian FPSO by floater expert Modec. The project is scheduled to begin in May 2025 and last for eight months. It will include extensive structural improvements to the vessel, including the renewal of 1,000 tons of steel, ... Wood extends deadline for Sidara takeover talks UK consulting and engineering firm Wood has extended the deadline for discussions over a possible takeover by Dubai-based company Sidara. Last month, Wood confirmed reports that Dar Al-Handasah Consultants Shair and Partners, also known as Sidara, has made an approach for a possible offer for the entire issued and to be issued share capital of ... Wallenius Wilhelmsen bags transport deal extension worth $2bn Norwegian car carrier operator Wallenius Wilhelmsen has been awarded a 10-year contract extension with an undisclosed automotive equipment manufacturer. According to an Oslo Bors filing, the long-term deal has an overall estimated gross revenue of $2bn and is set to start in April 2027. The car carrier operator will deliver a broad scope of services ... MOL and CMB.TECH join forces for world's first ammonia dual-fuel newcastlemaxes and chemical tankers Japan's Mitsui OSK Lines (MOL) and Belgium's CMB.TECH have partnered up to jointly own and charter nine landmark newbuildings that can run on ammonia fuel. The Tokyo-based shipping giant said the deal with its Antwerp-headquartered peer covers three ammonia dual-fuel newcastlemax bulkers, and six chemical tankers, two of which will be ammonia dual-fuel, while the ... Shell green lights Gato do Mato project off Brazil UK-based energy supermajor Shell has taken the final investment decision for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin offshore Brazil. The Gato do Mato consortium includes operator Shell with a 50% stake and its partners Ecopetrol and TotalEnergies which hold 30% and 20% stakes respectively. Pré-Sal Petróleo is ... Fugro vessel runs aground off Italy Dutch surveyor Fugro has reported that one of its survey vessels has run aground off the Italian island of Elba. Fugro's 2003-built geophysical survey vessel Fugro Mercator ran aground on Saturday, March 22. The authorities were immediately notified and the Italian coastguard arrived on site to provide support and monitor the situation. The 11-strong crew ...

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MARCH 24, 2025

Trump vows to tariff countries importing Venezuelan oil Trump plans to levy a 25% tariff on countries importing oil and gas from Venezuela starting April 2, which will... Crunch time for US port fee threat as final Washington hearings begin Business leaders have descended on Washington, DC, to fight the plan to tax US port calls. Will the US bow... APMT to invest $500m in port of NY and NJ Maersk's terminal unit APM Terminals has reached an agreement with the Port of New York and New Jersey to extend... Can green ship finance deliver in 2025? Lloyd's List senior reporter Declan Bush asks what's next for green ship finance amid an ESG backlash, a second Trump... Fincantieri back in black with 2024 results Revenue increased 6% in 2024 as the Trieste-based company acquired a record level of orders, more than doubling its 2023... Baltic and Arctic are newest AIS interference hotspots The disruption largely impacts vessels trading out of Russian ports but is also hitting ships sailing into and out of... Former Singapore PM warns of geopolitical choppy waters for shipping The political veteran's remarks on the first day of the Singapore Maritime Week echoed mounting concerns about the global order... Shadow fleet tankers remain in recycling limbo as sanctions prevent sales Ageing VLCCs Artemis III and Itaugua are stranded off the coast of Bangladesh as local letter of credit transacting banks... Global trade faces 25% tariff surge by 2026, warns Nobel-prize winning economist Nobel laureate and US economist Paul Krugman predicts tariffs on nearly all global trade could rise to 25% by this... The week in charts: Gambia's detention surge | Box rates still sinking but disruptions | Syria's online seaborne trade reaches new highs Gambia went from having no tankers flying its flag in 2023 to 35 oil and gas tankers by mid-March 2025;... The week in newbuildings: Japanese yards pick up ro-ro ships and bulker orders Orders for two bulk carriers, a pair of gas carriers, three ro-ro cargo vessels, eight tankers and eight general cargoships... London Gateway expansion work to start in May DP World has sought the necessary regulatory approval and will begin constructing two new berths and a new rail terminal The Daily View: Urgent inaction DecarbonisationSustainabilityContainers Cosco Shipping doubles profit The company reported a 6.1% rise in total container throughput for its port operations in 2024, reaching 144m teu, while... MOL and CMB.Tech partner on world's first ammonia-fuelled capesizes The two companies will jointly own and charter two dual-fuel ammonia chemical tankers and two dual-fuel ammonia capesize bulk carriers Daily Briefing China-Taiwan conflict fears could spark war risk insurer exodus | Gambia's dark fleet gambit sees detentions and sanctions surge |...

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MARCH 24, 2025

APM to spend $500 million to enhance cargo handling at Elizabeth terminal Capacity improvements at the New Jersey facility will include optimization of the terminal layout, rebuilding berths at a higher level to allow for anticipated increases in the sea level and replacing existing cargo-handling equipment with zero-emission, electric machines. Maersk holds top spot for US Gulf import carriers in 2024; MSC best for exports The top 10 carriers for imports collectively hauled 2.43 million TEUs into the Gulf Coast last year and had a market share of almost 94%, according to the latest Journal of Commerce rankings. US LTL getting in position for higher freight demand - when it comes While there's no strong demand trigger for LTL freight on the horizon, providers continue to add terminals and lanes to growing networks. Likelihood of IMO fuel standard set to reshape container shipping market Why the impact is so potentially profound is the way carriers would likely respond to a scenario where a fuel standard is imposed on them, but no automatically higher cost is imposed on shippers to pay, writes Peter Tirschwell. Heathrow shutdown plunges air cargo supply chain into chaos Air cargo operators out of Europe's busiest airport will face at least a week of turmoil as airlines, forwarders and terminals start clearing the rapidly building backlog of freight when flight operations restart at midnight Friday.

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MARCH 24, 2025

SPM plots expansion after selling anchor-handlers and tanker to Japanese lessors UAE-based owner continues to refinance through sale-and-leaseback deals Unions calls for wider port fee and yard support, as Chinese groups voice opposition ILWU official proposing extending charge to land borders VLCC crew left adrift without fuel after sanctioned tanker abandoned for third time in two years Seafarers managed to reach port in Venezuela using emergency fuel supply in symbol of growing scandal Fincantieri hails 'remarkable year' as newbuilding orders double to record levels Pierroberto Folgiero-led shipbuilder boosted by strong growth in offshore sector ClassNK appoints new head amid fresh management reshuffle Hayato Suga says mission is to deliver services like 'top sushi chef' US-listed tanker owner DHT Holdings linked to sale of its Chinese-built VLCCs Chief executive Svein Moxnes Harfjeld says vessels are not sold Performance Shipping sheds aframax for firm price and big profit P Yanbu sold in opportunistic deal due to favourable market conditions, company says Solong owner Ernst Russ hives off feeder vessel in $9m deal Tonnage provider is getting rid of a feedermax container vessel Japanese shipyard giants pool design resources for new style bulker The 42,200-dwt Bingo 42 features an extended hull Container shipping giant Evergreen spends $1bn plus to take control of chartered tonnage Taiwanese liner heavyweight spends big to take control of long-term chartered Japanese vessels Scorpio Tankers pares down DHT Holdings stake, confirming financial investment New York-listed product tanker owner's president Robert Bugbee said DHT is 'best in class' in VLCC space Trump crackdown on Chinese ships fuels questions over flotilla flying US flag in national security programmes More than 25 US-flag ships are built in China China blasts US over port fee plan ahead of vital Washington public hearing IMO delegate says unilateral policy will push up the cost of shipping and damage the system of global maritime rules Thailand moves forward with $29bn rail link to bypass Malacca Strait Ruling party wants to create special economic zone to pave the way for project to connect Indian and Pacific oceans Higher charter rates boost Wintermar profit by over 100% Offshore company says average charter rates were up 26% Bulker owner Precious targets tankers and gas carriers with new venture Thai company teams up with Malaysian pair MOL and CMB. Tech team up to own and operate 'world's first' ammonia-powered capesizes and chemical tankers Japanese giant taking stake in Belgian owner's bulker newbuildings, as new tanker orders are revealed Wallenius Wilhelmsen signs $2bn vehicle contract extension over 10 years Norwegian car carrier giant wants to grow partnership with manufacturer Castor Maritime reveals fresh bulker sales as Panagiotidis family member snaps up panamaxes Disposals will reduce Cypriot owner's fleet to nine vessels Tufton Assets profit drops as product tankers switch to lower rates Shipping fund says time charter earnings have now stabilised High stakes for shipping: Xi has his own Trump cards as US prepares to show its hand on port fees Asia's shipping names defiant as Washington poised to wrestle Beijing's grip on maritime NYK throws weight behind ammonia as next-generation fuel choice Boss says future fuel has the strongest potential for mass production Braemar riding out rates drop with strong S&P performance Broker forecasts earnings decline amid weaker tanker and bulker rates Former Gatik-controlled tanker arrested as repair company chases unpaid bill Suppliers facing difficulties obtaining payments from vessels continuously changing owners and managers Delfin says US Maritime Administration licence 'paves the way' for its FLNG units First offshore LNG export project for US greenlighted CMB.Tech moves in directors as Golden Ocean board seeks talks on future Saverys family company appoints Patrick Molis and Patrick de Brabandere following takeover High-profile Asian shipping executives Simon Liang and Nobu Su make a comeback Liang holds stakes in eight OSVs, while Su gets into maritime decarbonisation Fasten your seatbelts, says Singapore senior minister Lee Hsien Loong on impending US-China trade war Singapore's elder statesman says both countries will amass a lot of damage if they don't have a 'working arrangement' "Fasten our seatbelts," says Singapore's senior minister on impending US-China trade war SM Lee says both countries will amass alot of damage if they don't have a "working arrangement" Are we killing seafarers with fatigue? Experts agree that more needs to be done to tackle seafarer welfare High-profile Asian shipping executives Simon Liang and Nobu Su are back in the shipping game Liang holds stakes in eight OSVs while Su gets into maritime decarbonisation Former Gatik-controlled tanker under arrest after repair company struggles to find someone to pay its bill Suppliers facing difficulties obtaining payments from vessels continuously changing owners and managers Delfin says US Maritime Administration license 'paves the way' for its FLNG units First offshore LNG export project for US greenlighted Singapore's maritime leadership at a crossroads: A true bridge-builder must back a strong fuel levy Viewpoint: At the start of Singapore Maritime Week, Eldine Glees calls on Singapore to show leadership in backing a strong global fuel levy at the IMO

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MARCH 24, 2025

Port Authority of New York and New Jersey signs 33-year lease with APM Terminals Maersk subsidiary APM Terminals has signed a 33-year lease with the Port Authority of New York and New Jersey, the longest in port history. Proposed US port fees on Chinese vessels may alter intermodal shipping patterns Port fees on Chinese ships are aimed at boosting U.S. shipbuilding but could have follow-on effects for intermodal traffic, too. Report: Top-secret US plans to attack Houthis accidentally shared with journalist A top-secret group chat of U.S. officials discussing details of attacks aimed at reopening Red Sea shipping inadvertently included a journalist. NTSB faults Maryland in Key Bridge collapse, warns dozens of other bridges at risk The National Transportation Safety Board said proper risk assessment by the state of Maryland could have averted the collapse of Baltimore's Key Bridge that killed six road workers in 2024.