CMA CGM applies congestion surcharge in Peru and Chile
French ocean carrier CMA CGM announces the implementation of a Port Congestion Surcharge (PCS) in Peru and Chile. Effective 1 February 2025, a surcharge of US$300 per container will apply to dry cargo originating from Callao, Peru, and San Antonio, Chile, destined for South America East Coast, Central America East Coast, the Caribbean, Leeward, Windward, […]
RSGT Bangladesh invests US$25 million in hybrid port equipment
RSGT Bangladesh, the first privately-owned container terminal in the country, is substantially upgrading its operational capabilities at Chittagong Port with an investment exceeding US$25 million in 14 advanced hybrid Rubber-Tyred Gantry cranes (RTGs). These cranes, manufactured by GENMA-KALMAR in Taicang, China, feature cutting-edge battery-hybrid power technology, significantly reducing fuel consumption and greenhouse gas emissions compared […]
Great Eastern linked to another supramax bulker sale
Indian owner Great Eastern Shipping is offloading another of its ageing vessels as part of the company’s fleet renewal initiative. The Mumbai-listed diversified owner has reportedly struck a deal with an undisclosed Chinese buyer for its 2011-built supramax bulk carrier Jag Rishi. The deal for the 56,700 dwt ship, widely reported by S&P sources, came […]
Laden Russian tanker loses power in stormy Bay of Biscay
A laden Russian-flagged tanker has broken down in the stormy Bay of Biscay off France. The Unity, a 16-year-old aframax, departed Primorsk on January 16 with Russian oil bound for Mangalore in India. The ship ran into difficulties overnight off the west coast of France. It has lost propulsion during extremely stormy conditions in the […]
Fastest growing flag data brings shadow fleet into light
San Marino, Guyana, Sierra Leone, Comoro Islands, Guinea Bissau and most notably Guinea are the flag states that stand out for their extraordinary fleet growth in the latest data compiled in Clarksons Research’s World Fleet Monitor, statistics that highlight the whack-a-mole game authorities in the West are having to fight in their bid to crack […]
Capes carrying more bauxite than coal for the first time
China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet in carrying more bauxite than coal, according to broker Arrow. “Volumes from Guinea have surged at the start of the year, whilst panamaxes have been cannibalising capesize coal cargoes. […]
UKMTO warns of suspicious vessel approach near Iran
The United Kingdom Maritime Trade Operations (UKMTO) is reporting a suspicious approach to a merchant ship in the Persian Gulf near Iran. The master of the unidentified vessel reported his ship was approached by a small military craft and it has been flashing a green laser light towards the bridge. The small military craft continues […]
MOL fixes VLEC newbuilds
Japanese shipowner Mitsui OSK Lines (MOL) has revealed the charterer behind its recent shipbuilding deal for very large ethane carriers (VLECs) in South Korea. The Tokyo-based company ordered three 100,000 cu m vessels at Samsung Heavy Industries in late December at around $168m each for delivery by December 2027. The 230-m-long newbuilds have been fixed […]
OSM Thome recruits Pia Meling to head new green division
Shipmanager OSM Thome has launched EVIGO, a green services division which will be headed by Pia Meling, who currently works with Grieg Green. EVIGO offers end-to-end solutions designed to help customers achieve compliance with evolving environmental regulations while advancing their sustainability goals and staying competitive. “I am thrilled to lead the EVIGO team as we […]
GSB Tankers and Asahi Tanker form chemical tanker JV
GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will manage four chemical tankers with the aim of expanding […]