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China clears its backlog of stranded Australian coal — but don’t expect Beijing to buy more soon

China has finished clearing a backlog of stranded Australian coal amounting to over $1 billion, China customs data shows. But analysts say it’s not likely that Chinese coal buyers will start purchasing new supplies of Australian coal anytime soon. That’s because coal inventories have been building up, local production is higher, and there are now higher supplies from exporters such as Russia purchased at a discount. Since October, Beijing has been unloading cargoes of Australian coal stranded outside Chinese ports after the world’s second largest economy experienced one of its ...

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“K” LINE has Enhanced the Shipboard Cyber Security with Surveillance of Ship’s Communication 24/7 in View of our DX Strategy

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has introduced a new AI-based cyber security platform, “Cybereason”, which is provided by “Cybereason Japan Corp.” (Head office: Chuo-Ku, Tokyo), and adopted their monitoring/analysis service, “Cybereason MDR (Managed Detection & Response) service”, to enhance the cyber security of ship-shore communication in the ships managed by the “K” LINE Group ship management companies in anticipation of developing our ship DX strategy. Nowadays, it has become quite difficult to prevent highly sophisticated cyber-attacks by the ship’s conventional security solutions such as anti-virus software and firewalls, which ...

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WiseTech Global extends digital documentation offering with acquisition of Bolero.net Limited

WiseTech Global, developer of leading cloud-based logistics execution software CargoWise, today announced the acquisition of Bolero.net Limited (Bolero) and its subsidiaries, a leading provider of electronic Bills of Lading (eBL) and digital documentation capabilities to facilitate global trade. Headquartered in the United Kingdom and with over two decades of experience, Bolero offers fully digital solutions for carriers to digitize Bills of Lading, creating eBLs that can be transmitted, endorsed and presented electronically to port authorities, customs, financial institutions, logistics partners and other parties. This removes rekeying of paper-based and scanned ...

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Manufacturing modern quay cranes to handle giant vessels at King Abdulaziz Port in Dammam

Under the supervision of the Saudi Ports Authority (Mawani), Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) have today signed an agreement to manufacture three state of the art quay cranes at King Abdulaziz Port in Dammam. The deal was signed by Chairman of the Board for Saudi Global Ports Abdulla Zamil, CEO of Saudi Global Ports Edward Tah; and Secretary of the Party Committee, Chairman and President of ZPMC Liu Cheng Yun and Senior Vice President and Executive Board Member of ZPMC Liu Qi Zhong. ...

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Port pro of the month: Koen Overtoom (NL)

This month, we are taking you to the Netherlands, where we are having a talk with Mr Koen Overtoom, CEO of the Port of Amsterdam. In what follows, you will learn more about his thoughts on the ongoing energy transition, about the role of circular economy in the port, about the port’s vision on clean shipping and many other interesting topics. Can you briefly present the Port of Amsterdam to us? What are its characteristics? What are its challenges? The Port of Amsterdam is one of the largest seaports in ...

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Libya shuts two export terminals and an oilfield amid political turmoil

Opec member Libya has shut down two of the country’s biggest export terminals and an oilfield during the continuing political turmoil in the country, resulting in billions of losses to its economy. The North African country’s state oil company National Oil Corporation (NOC) declared a state of force majeure at the Asidra and Ras Lanuf terminals as well as the El-Feel field, which is also known as the Elephant field, it said in a statement on Thursday. Force majeure refers to an unforeseen set of circumstances preventing a party from ...

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Vessels arrival at Qatari ports soars in June

The ports of Qatar recorded an increase in the number of vessels arriving in the month of June receiving 274 vessels, 28% up compared to May 2022. According to figures released by Mwani Qatar yesterday, containers, livestock and building materials also increased by 1%, 332% & 11% respectively at Hamad Port, Doha Port and Ruwais Port. The ports handled 118,081 containers; 101,415 tonnes of general cargo; 6,506 vehicles; 25,600 heads of livestock and 35, 469 tonnes of building materials in the last month. According to data released by QTerminlas, Hamad ...

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CMA D. ARGOUDELIS & CO S.A. announces the cooperation with Cosmos Nautical Training Centre!

CMA D. ARGOUDELIS & CO S.A. is pleased to announce the signature of a memorandum of understanding (MOU) with COSMOS NAUTICAL TRAINING CENTRE, a fully equipped Maritime Training Facility to sealing the cooperation of many years. Cosmos Nautical Training Centre a maritime training company & CMA D. ARGOUDELIS & CO S.A. a marine and industrial automation company, listen attentively the market needs for continuous education. Following that trend, CMA will provide COSMOS high level Seminars, from experienced trainers in order to meet the new standards of shipping industry and strengthen ...

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“A great way to start a maritime career”

Supporting the education and training of new talents have always been key commitments for Gard, as reflected in the Claes Isacson Scholarship, the long standing and recently revitalised IML Gard Fund, and in the group’s strong relationships with several universities around the world. Another testimony is Gard’s support of the Maritime London Officer Cadet Scholarship (MLOCS). Since 2018, Gard has sponsored a cadet through this scheme, thus enabling a young student to complete a three-year program combining academic studies with practical training onboard a series of commercial vessels. “It has ...

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U.S. Soybean Export Sales Miss Targets

Export sales of U.S. soybeans fell well below the forecasts of grain traders, with old-crop sales being reduced for the week amid cancellations of previously announced sales. In its weekly report covering sales for the week ended June 23, the USDA said that old-crop sales of soybeans were reduced by 120,200 metric tons, driven largely by the cancellation of 288,400 tons of previously announced sales to unknown destinations. New crop sales for the week only slightly offset this reduction, leaving the net total at 7,400 tons. Grain traders surveyed by ...

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J.B. Hunt to Expedite Overseas Delivery of New Containers and Customer Freight With Long-Term Service Agreement

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that the cargo vessel Johnelle has docked at the Port of Everett in Washington, with more than 250 new containers reserved for the expansion of J.B. Hunt’s intermodal fleet. The Johnnie Bryan, a second cargo vessel, is expected to dock at the Port of Hueneme in California next month with additional new containers. The two are part of a long-term, multi-vessel service agreement between J.B. Hunt and Swire Shipping Pte. ...

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Aspo’s subsidiary ESL Shipping has confirmed an additional order for one electric hybrid vessel

Aspo’s subsidiary ESL Shipping has confirmed an additional order for one electric hybrid vessel [email protected] Shipping, a subsidiary of Aspo Group’s ESL Shipping, has declared an option and order for the first additional vessel from the Indian shipyard Chowgule & Company Private Limited, from which the shipping company has previously ordered six identical electric hybrid vessels, as announced in September 2021. In connection with the forthcoming series of new-generation electric hybrid vessels and additional vessel options, ESL Shipping is preparing to start a long-term pooling partnership together with a group ...

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Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring

Labor talks between West Coast dockworkers, cargo-handling companies and container shipping lines are entering a new, high-stakes phase with the expiration of the contract covering U.S. seaports from Washington state to Southern California. With both sides remaining far apart on issues including pay and automation, the multiyear contract was due to end late in the day on Friday, raising fears over the potential for disruptions at major American gateways for trans-Pacific trade, including the country’s busiest container port complex at Los Angeles and Long Beach. The congestion at those ports ...

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World’s largest container ship crosses Suez Canal

On Thursday, the latest and largest container ship in the world, EVER ART crossed the new Suez Canal as part of the convoy of the south. Its journey is coming from Malaysia and headed for the port of Rotterdam, the Netherlands, Osama Rabie, head of the Suez Canal Authority, announced. EVER ART follows the shipping line of Evergreen and is the sixth ship in a series of 12 giant ships under construction of the 24 A class. Its weight is 221,000 tons, and it can carry 24,132 containers on board. ...

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Container Dwell Fee On Hold Through July 8

The San Pedro Bay ports of Long Beach and Los Angeles will once again delay consideration of the “Container Dwell Fee” for another week, this time until July 8. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 27% in aging cargo on the docks. The executive directors of both ports will reassess fee implementation after monitoring data over the next week. Fee implementation has been postponed by both ports since the start of the program. The Long Beach and Los Angeles ...

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