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Vessel Condition, Human Error Blamed for Loss of Thai Navy Frigate
The Royal Thai Navy has completed its investigation into the sinking of the frigate Sukhothai in 2022, blaming a combination of bad weather, vessel condition and human error for the casualty. On the night of December 18, 2022, the 36-year-old frigate Sukhothai...
Cruise ships sailing into the port of Seattle for the 2024 season will plug in to shore power at the Bell Street Pier Cruise Terminal at Pier 66.
After a $44 million investment in shore power infrastructure and equipment, all three cruise berths at Pier 66 are now electric. In effect, this advances plans by the facility to become the greenest port in North America with the 2024 Cruise Season seeing more vessels...
DP World Sets Up Latin America’s First E-Truck Charging Station
DP World’s terminal at the Port of Callao, Peru has begun using the first electric charging station for trucks in Latin America. The new infrastructure is part of the port operator’s decarbonization plans at Callao, with an aim of reducing over 2000 tons of carbon...
Repurposing Harmful Fisheries Subsidies Could Reduce Poverty
Each year, governments around the world give billions of dollars to their fishing sectors. These public funds – around $35.4 billion annually, according to 2018 estimates – pay for everything from building ports to research and development. Some subsidies...
East Coast’s Biggest Crane Barge Hoists Giant Piece of Baltimore Bridge
For the first time, contractors for the U.S. Army Corps of Engineers have brought in the East Coast's biggest crane barge to remove a section of the Francis Scott Key Bridge. The large section of the main span was located in the federal navigation channel, and...
Red Sea crisis has negative impact on gas ship CII ratings
The firm’s statistics recorded 64 LNG carriers navigating through the Gulf of Aden and Suez Canal during January and February 2023. In the same period this year, the number had fallen to just seven. In the reverse direction, 59 vessels took the Suez/Gulf of...
X-Press Feeders signs green shipping corridor MoU with major European ports
Belgium’s Port of Antwerp Bruges, Estonia’s Port of Tallinn, Finland’s Ports of Helsinki and HaminaKotka, Latvia’s Freeport of Riga and Lithaunia’s Klaipeda Port all signed the agreement with the carrier. Collaboration under the agreement begins with the establishment...
End-April target to reopen Port of Baltimore to smaller container ships
The Port of Baltimore could re-open to container ships of up 4,500 teu by end April as work continues to clear the wreckage of the Key Bridge after it was struck by the vessel Dali. Barry Parker | Apr 08, 2024 The US Army Corp of Engineers (USACE), the agency...
Global names back association to promote nuclear power in shipping
NEMO will be headquartered in London and will officially start activities in the second quarter of 2024. The association aims to assist nuclear and maritime regulators in the development of appropriate standards and rules for the deployment, operation, and...
Tangshan port adds two large bulker berths
The northern Chinese port of Tangshan in Hebei province is planning to build a 300,000 tonnes-class bulk cargo berth and a 300,000 tonnes-class ore berth. These two new berths will bring 25.6 million tons annual cargo handling capacity to the port having a...
T&E survey shows lines profiteering over EU ETS charges
A study by the Brussels-based Transport & Environment group analysed 565 journeys taken by 20 vessels to and from Europe operated by four of the world’s largest carriers, Maersk, Hapag-Lloyd, MSC and CMA CGM, and found that the lines were over-charging in more...
Wartsila says fuel price parity possible by 2035
In its report – ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’ – the Helsinki-based company declared that decisive emissions policies such as the inclusion of shipping in the EU Emissions Trading System (ETS) from January this year, and...
OceanScore boss warns of ETS compliance issues
Grell cites demarcation of responsibility between owners, managers, and charterers, the buying and selling of EU Allowances (EUAs), charter party terms, and data management, as some of the issues that have not yet been properly addressed by many shipping firms. ...
Ports of Southampton and Singapore explore green partnership
The two ports discussed various areas of potential cooperation regarding sustainable maritime transport during the UK-Singapore Green Economy Framework (UKSGEF). The meeting was seen as paving the way for further discussions on green and digital shipping cooperation...
Documentation delays push industry costs to $3bn
However, some shippers and forwarders believe an electronic payment system favours the shipping lines, who can use the system to make late payment charges, adding another minor revenue stream to their income. Container Trade Statistics calculates that around 173m...
The ‘vastly different’ time horizons of shipping bosses and investors
Did container liner execs recklessly binge on newbuilding orders, needlessly sabotaging their own bottom lines (and stocks) for years to come? Are some public tanker companies shortchanging their own shareholders by not returning enough capital via dividends and...
Taiwan International Port upgrading terminal facility at Kaohsiung
TIPC is to invest NT$4.47 billion ($139.8 million) to upgrade infrastructure at the third and fifth container terminals of Kaohsiung port which will significantly increase the terminals handling capacity and operational efficiencies. Draught will be deepened and...
Decarbonisation set to boost Middle East oil producers and VLCCs
The analysis will please the small group of VLCC owners who have embarked on something of a VLCC spending spree in recent weeks. Through the course of 2023, VLCCs on order had fallen to a long-time low. The few contracts that were placed were at significantly higher...
Port of Los Angeles container volumes up 60% in Feb
The Port of Los Angeles handled 781,434 teu in February this year compared to 487,846 teu in February 2023. “Market confidence in our gateway is as strong as it’s ever been,” said Port of Los Angeles Executive Director Gene Seroka at a media briefing. “We’ve...
Wartsila says fuel price parity possible by 2035
In its report – ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’ – the Helsinki-based company declared that decisive emissions policies such as the inclusion of shipping in the EU Emissions Trading System (ETS) from January this year, and...
Saudi launches port community system
The President of the General Ports Authority, Omar bin Talal Hariri, explained that the launch of the PCS is part of MAWANI’s effort to channel technology to serve the maritime transport system, raise the efficiency of the operational performance of the Saudi...
Dearth of tonnage drives ship recyclers to chase small vessels
Bangladeshi breakers lead the way, followed closely by recyclers in Pakistan, but they are bidding on low-quality units with components already removed, poor steel, corroded ballast tanks and permanent ballast., according to GMS, the world’s largest cash buyer of...
DP World launches global freight forwarding network
DP World said that with businesses seeking increased control over their supply chains, its expansion comes at a pivotal time for the global logistics and supply chain industry. By expanding its freight forwarding offering, with a focus on air and ocean freight. DP...
World first use of ammonia fuel in trial on Fortescue vessel in Singapore
The dual-fuel ammonia-powered vessel, owned by Australian mining group Fortescue, was loaded with liquid ammonia at Vopak’s terminal on Jurong Island in Singapore for the fuel trial. The Fortescue Green Pioneer was loaded with five cubic metres...
Houthis vow to expand attacks against shipping into the Indian Ocean
The official spokesman for the Yemeni Armed Forces Commander Abdulmalik Badr al-Din al-Houthi announced on the Houthi’s Telegram channel that the group intends to spread its sphere of operations across a region that covers thousands of square miles. The commander...
Dearth of tonnage drives ship recyclers to chase small vessels
Bangladeshi breakers lead the way, followed closely by recyclers in Pakistan, but they are bidding on low-quality units with components already removed, poor steel, corroded ballast tanks and permanent ballast., according to GMS, the world’s largest cash buyer of...
Empty container availability fears slide as demand wanes.
Growth in empty repositioning since 2019 had seen an increase of 20% in terms of teu moved in 2023 compared to four years ago, but also the growth in full containers has increased globally by 2.5%, with an 8% increase in teu miles, according to one analyst using...
Argentina plans $550 million new port in Rosario
"We're announcing an investment for the construction of a new agro-industrial port in Timbues, on the Parana River," presidential spokesperson Manuel Adorni told a news conference, referring to a town some 50 km north of the city of Rosario,” Reuters reported. "The...
ICTSI reports 4% container volume growth in 2023
The company said the increase in consolidated volume was mainly due to the contribution of Manila North Harbour Port, Inc. (MNHPI) in Manila, improvement in trade activities, and new services at certain terminals. But volumes were impacted by the...
Nautilus calls for Red Sea transit halt after True Confidence attack
The appeal comes after three seafarers were killed when bulk carrier True Confidence was struck by a missile in the Red Sea on March 6. “We believe it is time for those shipowners who are continuing to transit through the Red Sea to reassess the necessity...
South Africa Buys Tugboats as Efforts Proceed to Improve Port Efficiency
South Africa’s ports operator Transnet reports it is moving forward with a fleet renewal program as part of an overall effort to tackle the perennial challenges of inefficiencies that have placed the ports at the bottom of international rankings and led to massive...
Heavy Lift Alliance Gets Bigger With Addition of Intermarine
Three years ago, heavy lift operators Jumbo and SAL lifted a page from the liner sector and entered into an alliance agreement. That model has been successful enough that they are now adding a third member, Intermarine, which operates smaller multipurpose vessels in...
Rubymar Sinks in Red Sea 13 Days After Houthi Attack Damaged Bulker
The bulker several damaged in a Houthi attack and abandoned by its crew finally succumbed to its damage reportedly sinking after having drifted since the February 18 attack. The government of Yemen issued a statement reporting the sinking of...
Ukraine and UK Brokers Extend Affordable War Risk Insurance to All Cargoes
Ukraine has won an agreement with the major insurance brokerage networks in the UK to expand the current war risk insurance program to cover ships carrying all non-military cargo. Previously the program was limited to grain and foodstuffs but will now permit Ukraine...
Fearing Long-Term Problems in Red Sea, Cruise Lines Change Plans
The cruise industry is starting to rethink its plans into 2025 as increasingly they believe the problems in the Red Sea will persist. It is a view shared by the commercial shipping industry, but with travelers making vacation plans cruise lines need to think longer...
Unifeeder adds two more methanol feeder vessels.
The 1,250 teu pair are due for delivery in 2026, one each from German shipowner Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC). The deal builds on charters made in October 2023 for two similar vessels from Elbdeich Reederei. X-Press feeders...
Shipping associations welcome EU Red Sea operation Aspides
The Council of the EU announced that the defensive operation will have an initial one year duration and a mandate to protect commercial vessels against attacks at sea by providing situational awareness and accompanying ships in the region. In its announcement, the EU...
BYD expanding fleet with seven new car carriers by 2025
Chinese automobile manufacturer BYD is planning to put seven new car carriers into operation in the coming two years to meet the growing export demand. Wang Chuanfu, Chairman and President of BYD stated in Guangdong Provincial High-quality Development...
Baltrader cement carrier to be fitted with Norsepower Rotor Sail
The German Government is funding the installation of a Rotor Sail on Baltrader’s new cement carrier CemCommander this summer. The project attracted funding from the German Federal Government’s Directive "Sustainable Modernization of Coastal Vessels" (NaMKü) programmed...
Shenzhen provides subsidies to LNG carrier operators.
The southern Chinese port city of Shenzhen is offering subsidies to LNG operators to boost its development as an LNG trading hub city. According to the notice from Shenzhen Development and Reform Commission, Shenzhen is going to actively explore new LNG trading...
Houthi attacks on shipping in Red Sea continue
A 58,800 dwt Supramax bulker was fired on by Houthis as it transited the Gulf of Aden, some 85 nautical miles southeast of Aden, causing minor damage to the vessel, but there were no crew casualties or injuries according to the latest reports. Lycavitos operated by...
Seafarers can refuse to sail through Red Sea, but a lot of planning needed
With the continued, and worsening threat to shipping while transiting the region from Houthi rebels in Yemen, the IBF Warlike Operations Area Committee (WOAC) has agreed to expand the High Risk Area to include the Gulf of Aden and surrounding waters. Stephen...
No change in Panama Canal restrictions before April
The Deputy Administrator for the Panama Canal Authority (ACP), Ilya Espino de Marotta, says the waterway does not expect changes to current vessel transit restrictions until at least April. The ACP will assess water levels after the dry season before making any...
Container leasing rates reach for the skies
US shippers are diverting east coast cargo, already shifted from the Panama Canal to via Suez, to west coast ports, boosting southern California port volumes and raising box leasing prices through the roof. Online box leasing and trading company Container xChange...
Tanker Optimized for Wind-Assisted Propulsion Achieves Strong Fuel Savings
A partnership between Finland’s naval architects Deltamarine and UK-based BAT Technologies looks to develop new standards in sustainable shipping. The companies held a presentation in London for their new concept, a wind-optimized design for an Aframax/LRII tanker...
Complexities of compliance with the EU Emissions Trading Scheme
The EU ETS first emissions trading system requiring owners, operators and charterers to pay for their ships’ emissions. At a Lloyd’s Register webinar on 7 February, classification society experts ran through the complex regulations and the steps required by owners and...
AD Ports takes over Karachi Port East Wharf operations.
The agreement will see a joint venture between AD Ports and Kaheel Terminals, Karachi Gateway Terminal Multipurpose Limited (KGTML), develop, operate and manage berths 11-17 at the East wharf of Karachi. The new concession grants 1.5 km of quay wall to KGTML for...
ICTSI to develop Iloilo port complex in central Philippines.
ICTSI will rename it the port complex as Visayas Container Terminal. “We recognise the port’s pivotal role in driving Iloilo's economic and social growth. Our comprehensive proposal outlines significant investments in infrastructure...
Piraeus port inaugurates expanding car terminal.
Greek Shipping and Island Policy Minister Christos Stylianides pointed out at an inauguration ceremony 6 February for the new car facilities, the Ministry's goal is to promote sustainable urban development, the use of sustainable transportation methods and advanced...
QatarEnergy announces next phase of record fleet growth programme
The vessels will enter into timecharters with affiliates of QatarEnergy and Nakilat, the company said in a statement. It is the first award in the second phase of long-term time charters in the largest-ever LNG fleet expansion programmed. Qatar Energy’s LNG Fleet...
Local News
Malaysia: Lack of cross-sector merger control sparks updates to current regime and new emphasis on digital economy
In summary This article provides an overview of developments in competition law from 2022 to 2024, including the status of proposed amendments to introduce a cross sectoral merger control regime in Malaysia, the application of merger control via sectoral laws, cartels...
Malaysia is next best bet – Country can position itself as viable alternative to S’pore
PETALING JAYA: With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University...
Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.
KUALA LUMPUR, April 13 — Escalated tension in the Middle East with the latest Israel-linked container ship seized by Iran’s Islamic Revolutionary Guard Corps (IRGC) earlier today could result in supply chain disruption and higher insurance premiums, said shipping...
Malaysia’s Sales and Service Tax Increase: What Industries are Impacted?
The Malaysian government officially increased the sales and services tax (SST) rate from six percent to eight percent, effective from March 1, 2024, across several sectors such as finance and leisure. Finance Minister Datuk Seri Hamzah Azizan stated that this was part...
Port Of Tanjung Pelepas Adds Five ULCV Quay Cranes from Shanghai Zhenhua Heavy Industries
Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals, announced today a recent signing of an agreement with Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) for the purchase of five (5) Ultra Large Container Vessel (ULCV) Quay...
Global Trade Compliance: How to Play by the RulesGlobal air cargo demand increases 11.9% to 19.7bil CTKs in Feb – IATA
KUALA LUMPUR: The global air cargo industry registered a total of 19.7 billion cargo tonne-kilometres (CTKs) in February 2024, representing an increase of 11.9 per cent year-on-year (y-o-y), according to the International Air Transport Association (IATA). The...
Kenanga raises Bintulu Port profit forecast for FY2025 on ‘stronger prospects’ for tariff hike
KUALA LUMPUR, April 5 ― Kenanga Investment Bank Bhd (Kenanga IB) has raised its financial year 2025 (FY2025) net profit forecast for Bintulu Port Holdings Bhd by 14 per cent on “stronger prospects” of a hike in tariffs for the port. It also lifted the port operator’s...
Transport minister: Govt drawing up strategy to enhance competitiveness of country’s ports
KUALA LUMPUR, March 27 — The government has drawn up short and long-term strategies to strengthen the competitiveness of the country’s main ports, namely Port Klang and Port of Tanjung Pelepas. Transport Minister Anthony Loke said the strategy covers aspects of...
Service tax exemption for logistics sector, maintenance services
KUALA LUMPUR: The Finance Ministry has refined the scope of Service Tax to benefit the logistics sector and maintenance services, offering service tax exemptions for both. The ministry said the objective was to alleviate the direct impact on the rakyat’s living cost...
Logistics, a magic bullet for sustainable trade?
B ATTLES are won with tactics. Wars are won with logistics, Tesla chief executive officer Elon Musk said. Indeed, improving performance of logistics helps organisations and economies further engage in local and international trade. This makes logistics a powerful...
MMAG banking on aviation arm to boost competitive edge in logistics industry.
KUALA LUMPUR: MMAG Holdings Bhd (MMAG) is banking on its aviation arm, MMAG Aviation Consortium Sdn Bhd (MAC), to unlock its next growth phase and play a key role in unleashing Malaysia’s potential as a regional air cargo hub. MMAG said this followed the...
Transport minister: Malaysia open to extending China-led rail project to Thai border
KUALA LUMPUR, March 28 ― Malaysia's government has said it would consider extending a US$10 billion (RM47.3 billion) China-led rail project to its border with Thailand to boost economic ties between the Southeast Asian neighbours. Part of China's Belt and Road...
Senator: Govt should balance assistance between B40, M40 groups
KUALA LUMPUR (March 20): The government has been urged to balance assistance between the B40 and M40 groups in helping them face the current economic challenges. Senator Datuk Lim Pay Hen said the action was necessary as the M40 group was the most affected by the...
Asia feels the pinch of growing ‘food chokepoints’
In recent years, global food security has suffered from overlapping crises caused by conflicts, geopolitical tensions, climate change, and the Covid-19 pandemic, resulting in severe food supply disruptions. These disruptions have been accentuated by several “food...
Foreign investments worth RM281.5b approved in 2022-2023 to create 98,725 jobs in Malaysia, says deputy minister
KUALA LUMPUR, March 20 — A total of 898 foreign investment projects valued at RM281.5 billion have been approved in the manufacturing and services sectors from 2022 to 2023, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong. He said the approved...
Call made on Malaysia, Japan govts to reject carbon capture, storage
MIRI (March 21): Sahabat Alam Malaysia (SAM) and Friends of the Earth (FoE) Japan had called on the Malaysian and Japanese governments to reject Carbon Capture and Storage (CCS). In a joint statement, they said this technology only delays real climate action and the...
New service tax increase is rational, says analyst
PETALING JAYA: On March 1, Malaysia’s service tax rose from 6% to 8%, sparking concerns about price increases during the 2024/2025 school term and Ramadan.The Madani government, led by Prime Minister Anwar Ibrahim, assured that essential items like food, beverages,...
Johor-Singapore Special Economic Zone deal set for year-end signing
KUALA LUMPUR, MALAYSIA: The Ministry of Economy of Malaysia announced that the joint agreement for the Johor-Singapore Special Economic Zone (JS–SEZ) is anticipated to be finalized by year-end. According to a report from Malaysia’s state media Bernama, the agreement...
Loke: Contractors need not curry favour with ministers under this govt, just required to get job done
KUALA LUMPUR, March 16 — Transport Minister Anthony Loke has vowed that contractors do not need to cultivate a relationship with Cabinet members to be awarded contracts. The DAP secretary-general said it is enough for those awarded contracts to carry out their...
Ports kick off 2024 on a good note
KUALA LUMPUR: The ports segment started the year on a positive note as the export volume index rose five per cent to 156.5 points in January 2024 from 148.5 points in January 2023, said AmInvestment Bank Bhd. In a note, the research house has maintained its overweight...