Indian Register of Shipping reveals new leadership appointments
The Indian Register of Shipping (IRS) announced new leadership appointments aiming to strength its management team. The Board of Directors of IRS has approved the appointment of P.K. Mishra as managing director and T.K. Sahu as joint managing director, effective from 1 August 2024. P.K. Mishra, who has been with the organization for 26 years […]
BIFA and TT Club provide advices on container shipping safety
The British International Freight Association (BIFA) used the latest episode in its 2024 webinar series to provide crucial advice on safety in container shipping. The keynote speaker, Mike Yarwood, managing director of loss prevention at TT Club—a global leader in insurance and risk management services for the international transport and logistics industry—was joined by Robert […]
Global bunker indices continue moderate decline
In the 30th week of the year, the Marine Bunker Exchange (MABUX) global indices maintained their moderate downward trend. The 380 HSFO index dropped by US$11.25 to US$541.69/MT, thus breaking below the US$550 mark. The VLSFO index decreased by US$9.58 to US$643.10/MT, falling below US$650. The MGO index declined by US$12.29 to US$825.51/MT. “At the […]
MSC Orion calls at Port of Salvador
Wilson Sons, Brazil’s largest port and maritime logistics operator, received MSC Orion at the Salvador Container Terminal on 24 July. This 366-meter-long ship, with a 16-meter draft and a capacity of 15,000 containers, is the first of its class to operate in Baía de Todos-os-Santos in Brazil. In 2018, the Port of Salvador became the […]
Top Ships bags $100m in charter extensions for MR tanker duo
Greek tanker owner and operator Top Ships has won long-term charter extensions for two eco MR tankers at a bumper rate. Top Ships said that the 50,000 dwt eco MR tankers Eco Yosemite Park and Eco Joshua Park were awarded seven-year extensions. The company’s subsidiaries own 50% of the vessels while the other 50% is […]
Castor moves into ultramax bulker segment
Nasdaq-listed Castor Maritime is moving into the ultramax segment with the acquisition of an unnamed 2015-built vessel in a deal worth $25.5m. The Petros Panagiotidis-led bulker and boxship owner said it expects the vessel to join the fleet in the third quarter of this year. Earlier this year, the Cyprus-headquartered outfit completed the sale of […]
MSC breaks ground on new multimodal terminal in France
MSC’s logistics division MEDLOG has commenced construction works on a new multimodal platform in the Paris region. The MEDLOG Inland Terminal Paris-Bruyères is part of a broader redevelopment project at the Port 2000 site (TN MSC) in Le Havre and is expected to offer rail and barge connections for regional importers and exporters. HAROPA PORT […]
Eco Maestro: First methanol-powered boxship docks at Muuga port
On 22 July, HHLA TK Estonia welcomed Eco Maestro, the first container vessel powered by crude methanol, to the Estonian port of Muuga. Eco Maestro, flying the Maltese flag, is owned by the Singaporean company X-Press Feeders. Operating on the Green Finland X-PRESS (GFX) route, this vessel, operated by X-Press Feeders, began its journey from […]
AI and Automation in the Container Shipping Industry
The container shipping sector impacts global trade in a big way. It has recently improved significantly with the support of AI and automation. The two technologies help container companies use resources better. They minimize mistakes and make shipping workflows more efficient. AI helps predict repair time and the most fuel-effective routes. It helps the personnel […]
NWSA announces refrigerated electrical upgrades on Terminal 5
The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, has announced refrigerated electrical upgrades on its Terminal 5. The purpose of the proposed project is for SSA Terminals (Seattle Terminals) LLC (SSAT) to install the necessary electrical infrastructure to supply power for up 960 new reefer containers. […]