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Reuters : CMA CGM to reduce shipping rates on French retail imports ( PDF )
The firm’s decision follows the French Government’s call for shipping and oil sectors to share their profits to tame inflation. Container transportation and shipping firm CMA CGM is set to cut down shipping costs on imports into France and French overseas territories. The company’s decision follows the French Government’s call…
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India’s NIIF to acquire 22.5% stake in DP World’s HPPL for $300m
HPPL operates five container terminals in strategic locations, including Mumbai, Mundra, Chennai, and Cochin. DP World and India’s National Investment and Infrastructure Fund (NIIF) have announced the broadening of their existing partnership, with NIIF Master Fund investing primary capital of INR 22.5 billion[1] (approximately US$300 million) for a shareholding of…
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Cargo ship with grain from occupied Berdyansk identified
Berdyansk, the first such shipment from the port since Moscow launched its invasion of Ukraine in late February. “After many months of idleness port renewed its’ work, first merchant ship has left Berdyansk commercial port with 7,000 tonnes of grain, destined for friendly countries,” said Evgeny Balitsky, the head of…
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Megayachts Run Low On Safe Harbors As Russia Sanctions Take Hold
When the $325 million Amadea superyacht that’s been linked to Russian billionaire Suleiman Kerimov sailed into Fiji in April, the captain may have figured he had found a safe haven. The laid-back South Pacific island nation hadn’t joined in a global push to impose sanctions on Russia and many of President…
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Global Solo Challenge : Raymarine partner announcement
The Global Solo Challenge (GSC) 2023/2024 organizers are proud to announce a crucial partnership with leading marine electronics brand Raymarine. This agreement contributes to the development of the event and provides skippers with much-needed equipment as well as direct support in preparing their boats for their circumnavigation. On-board navigation and…
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Neste invests € 1,9 billion in renewable products refinery
Air Products and Gunvor cooperate on Green Hydrogen Import Terminal in Rotterdam Neste Corporation has made the final investment decision to invest in new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. Neste’s current 1.4 million…
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Largest container ship “EVER ART” crosses the Suez Canal on its maiden voyage
Today, Thursday, Crossing the Suez Canal of 83 ships with a total net tonnage of 4.8 million tons Admiral Osama Rabie, Chairman of the Suez Canal Authority, announced that the navigation movement in the canal witnessed today, Thursday, the crossing of the giant container ship “EVER ART”, the latest and…
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Port of Rotterdam Authority abandons Normal Amsterdam Water Level (NAP) after 200 years
The Normal Amsterdam Water Level (NAP) has been used as the basis for Vessel Traffic Services in the port of Rotterdam for some 200 years. On 1 July, the Port of Rotterdam Authority will abandon NAP in shipping communication. From that day, it will use the Approximate Lowest Astronomical Tide…
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Port of Rotterdam : The intermediate score – The top 10 projects in the energy transition
A CO2-neutral port in 2050: that is our goal. We are halfway through 2022. What projects are we working on in the port? Which projects make the difference? This is this year’s intermediate score. 1: New recycling plant for batteries TES, one of the world’s largest battery and electronic waste…
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