Shipping News
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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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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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CMA CGM’s Mathieu Girardin appointed new head of DFDS ferry division
Mathieu Girardin (above) has been named as the new head of DFDS’s ferry division and begins his new role in October. Mr. Girardin currently is an SVP at CMA CGM, responsible for shortsea lines in Europe, and will succeed Peder Gellert Pedersen, who will retire after 28 years with DFDS.…
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Sohar Port and OOMCO sign long-term bunkering deal
Oman Oil Marketing Company (OOMCO) and Sohar Port and Freezone have signed a long-term bunker license agreement for OOMCO to provide marine fuels to vessels visiting Sohar Port and also at the anchorage area. The bunker license will see Oman Oil Marketing Company operate the 10,000 metric tonne bunker barge…
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Port of Los Angeles releases notice of preparation initial study for improvements to VOPAK
CONTAINER DWELL FEE ON HOLD THROUGH JULY 15 The Port of Los Angeles has released a Notice of Preparation/Initial Study (NOP/IS) of a Draft Environmental Impact Report for the Berths 187-191 [Vopak] Liquid Bulk Terminal Wharf Improvements and Cement Terminal Project, located in Wilmington. The proposed project includes improvements to…
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DCT Gdańsk signs contract for new deep-water terminal
The new deepwater terminal is slated to begin commercial operations by mid-2024. DCT Gdańsk in Poland has signed a contract with a consortium of Budimex and Dredging International to build a third deepwater terminal, called T3. The new terminal will make DCT Gdańsk one of the largest container terminal hubs…
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NYK Enters Collaboration to Reduce GHG Emissions from Existing Ships
NYK signed a business alliance agreement with Nakashima Propeller Co., Ltd. (hereinafter “Nakashima Propeller”) and Fluid Techno Co., Ltd. (hereinafter “Fluid Techno”) to (1) verify the effects of energy-saving devices that enhance vessel fuel efficiency by improving water flow generated at the aft-end of ships, (2) select optimal combinations of…
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Reuters : China’s thermal coal imports from Russia jumped 51 percent in May
China’s coal import data for May by origin has been released and shows imports from Indonesia have remained the primary source of imports and Russia the second-largest source of imports. China’s coal imports from Indonesia totaled 12.4 million tons in May, which is down from April by 3.4 million tons…
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