Folk Maritime announces new service linking Arabian Gulf ports to India
Folk Maritime Services Company has announced the launch of a new service route connecting key Arabian Gulf ports, including Dammam, Umm Qasr, and two of India’s largest commercial ports, Nhava Sheva and Mundra. The India Gulf Service will have its first Dammam call on 30 October, by the 1,800 TEU boxship Asterios. The vessel will […]
APM Terminals Maasvlakte II proceeds with digital expansion
APM Terminals Maasvlakte II has placed a large order with Konecranes for an Automated Horizontal Transport System, whose delivery and commissioning will begin in 2025. The contract includes up to 71 Lift Automated Guided Vehicles (Lift AGVs), an expansion of the system to manage more than 140 Lift AGVs, a third battery exchange station and […]
Ocean rates falling post-peak season, but labor and election results could renew pressure for North America lanes
Asia–Europe ocean rates closed October 30% lower than at the end of September as Red Sea diversions that led to an early peak season meant the post-peak/pre-Lunar New Year demand lull started early this year too. Prices of US$3,500/FEU to both Europe and the Mediterranean have reached the floor set during the previous demand lull […]
Scan Global Logistics expands into Ireland to boost Transatlantic trade
Scan Global Logistics (SGL), a transport and logistics solution provider, has announced the opening of its first office in Ireland, marking another step in its European expansion. This new location will strengthen SGL’s offerings in a key trade region, supporting local and international clients with a full range of logistics services. “Ireland is a key […]
Singh heads up cargo at Riyadh Air
Pravin Singh has been appointed global head of cargo for new Saudi Arabian airline, Riyadh Air. Singh was appointed in September and began his new role this month, according to a post on his LinkedIn profile. “Pleased to share that I have now completed my first week in the office as Global Head of Cargo […]
Air Charter Service sees China demand take off
Air Charter Service’s (ACS) China offices have had a bumper year in terms of charter numbers and revenues as the company benefits from a recent re-organisation and general market growth. ACS said that its Greater China offices had a “remarkable” first nine months of the year with a record number of aircraft charters at its […]
Vietnam, UAE sign free-trade agreement
On 29/10, the United Arab Emirates (UAE) and Vietnam inked a comprehensive economic partnership agreement (CEPA), marking Vietnam’s first free-trade deal with a Middle Eastern nation. The CEPA stipulates that the UAE will eliminate tariffs on 99% of Vietnamese exports, while Vietnam has agreed to abolish tariffs on 98.5% of UAE exports. In this context, […]
US to invest $3bn in ports
US president Joe Biden has revealed a $3bn investment to help clean up and modernise ports across 27 states and territories. The move will upgrade port infrastructure at 55 sites nationwide, including the Port of Baltimore, which will receive $147m from Biden’s Inflation Reduction Act for zero-emission port equipment, charging infrastructure, and power improvements. The […]
Shipowners come under pressure to reveal their carbon footprint
Calls are growing for every ship’s emissions data to be made public with Splash Extra getting in touch with many of shipping’s top bodies this month to discuss the issue. The technology to track shipping emissions has been readily available for many years. Now the pressure is growing for IMO member states to debate plans […]
Maritime CEO Forum Monaco: How to access capital
The Money and Ships session at last week’s Maritime CEO Forum at the Monaco Yacht Club discussed disruption witnessed in ship finance, ably moderated by Isabelle Rickmers, the CEO of jobs marketplace TURTLE. Looking at the print out of the delegate list for the exclusive shipowner gathering, Harris Antoniou, founder of Neptune Maritime Leasing, noted […]