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Adani Ports and Gadot to buy Israel’s Haifa Port for $1.18bn
Adani will have a 70% interest in the port while the remaining 30% stake will be owned by Gadot. A consortium formed by India’s Adani Ports and Special Economic Zone (APSEZ) and Gadot, a chemicals and logistics group, has won the bid to take over the Port of Haifa, Israel,…
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Xeneta real-time rates update: week 28
Spot rate developments show fluctuating fortunes for ocean and air freight out of the Far East Prices from Shanghai to the US have collapsed by 32% since the start of the year, While spot rates are sailing in the right direction for ocean freight from the Far East to the…
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ABS Publishes Latest Developments in Ship Vibration Analysis
(HOUSTON) A detailed analysis of ship vibration issues has been published by ABS to support the industry in mitigating damage caused by vibrations induced by machinery and the environment. Insights into Ship Vibration Analysis presents the latest developments in vibration analysis, vibration criteria, and mitigation measures. It also explores four…
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IMO : Decarbonisation strategy roundtables launched in Kenya
The IMO-Norway GreenVoyage2050 project has launched a series of roundtables on the creation of National Action Plans (NAPs) to address GHG emissions from shipping, with the first event held in collaboration with the Government of Kenya on 12 July. NAPs are an important part of efforts to reduce GHG emissions…
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IMO : Working towards Brazil’s National Maritime Policy ( Video )
Brazil is the latest country to benefit from IMO’s work promoting good governance practices in the maritime sector to support sustainable development. A National Workshop on Maritime Transport Policy was organized in Brasilia, Brazil (5-7 July) by IMO, in close cooperation with the Brazilian Navy. The workshop brought together some…
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Maersk Supply Service awarded Preferred Supplier Agreement for second U.S. wind contract for its Wind Installation Vessel
Maersk Supply Service is due to install the wind turbines at the Beacon Wind farm off the U.S. East Coast, for a joint venture between Equinor and bp. The installation of Beacon Wind is expected to start in 2028. In March 2022, Maersk Supply Service ordered a newbuild Wind Installation…
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HMM unveils future growth strategy with KRW 15 trillion investment plan
HMM reveals a mid-to-long-term strategy to diversify its business portfolio for future growth and leap forward to be a global top-rated shipping and logistics company. The strategy includes expanding the fleet capacity of containerships to 1.2 million TEU from the current 820,000 TEU by 2026. The extension of bulk business…
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July 13th – Panama Canal waiting time for non booked vessels (Days)
Neopanamax Locks: Compared to July 12, average waiting times in days for Non-Booked vessels at Neopanamax locks increased from 7 to 8 days. Panamax Locks: Northbound Supers and Southbound Regular’s average waiting times increased by 1 day (average). Southbound supers improved from 4 to 3 days. How can we help…
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ِABS : New Performance Standards for EPIRBs and VDRs
The IMO has adopted Resolutions MSC.471 (101) and MSC.494 (104) which introduce revised performance standards for float-free emergency positions indicating radio beacons (EPIRBs) and shipborne voyage data recorders (VDRs). The revised performance standards are applied to the EPIRBs and VDRs installed on or after July 1, 2022. This Regulatory News…
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