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74% of Freight forwarders from Asia affirm market opportunity for Shipper owned containers in the region: Container xChange Survey

The market opportunity for Shipper-owned containers (SOCs) is recognized by 74% of freight forwarders as surveyed by Container xChange. Pudong Prime, a freight forwarder from Asia recently experienced exceptional demand for SOCs from Vietnam. Recognizing the opportunity, Pudong Prime ventured into expanding its market in Vietnam leveraging the digital operational support of Container xChange, an online container logistics platform. Growth in acceptance for Shipper-owned Containers has been triggered by market uncertainties caused by supply chain crises globally over the past two years. This created a thriving environment for Shipper owned ...

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Drewry: Container Port Throughput Index Down 1% During September

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100. Drewry has developed a nowcasting model that uses vessel capacity and terminal duration data (derived from our proprietary AIS model) to make short-term predictions of port throughput. Drewry’s latest assessment – November 2022 The Drewry Global Port Throughput Index dropped to 141.5 points in September ...

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Iron ore’s rout to continue until China recovers

Gloomy demand outlook Iron ore prices have roughly halved from their year-to-date high of US$171/t seen back in March to as low as $81/t recently – almost its lowest since early 2020. Futures in Singapore have fallen for seven consecutive months, the worst run since the contract debuted in 2013. China’s attempts to crush outbreaks of Covid-19 have seen tough restrictions, which have not been supportive of the country’s property market, the main driver of iron ore demand. China alone accounts for about two-thirds of seaborne iron ore demand. The ...

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The Innovative Maritime Start-up – Captain’s Eye, Has Now Arrived in Greece via Oriani Hellas

Oriani Hellas recently announced that they will be representing the Israel-headquartered, innovative start-up – Captain’s Eye in Greece. The New Generation of On-board Vessel Safety Management Marine transportation is responsible for moving billions of dollars’ worth of goods each day. In 2020, the estimated world seaborne trade volumes were estimated to be more than 10 billion tons. However, this huge volume of global marine transportation often comes with a cost – accidents. These can result in fatalities, irrecoverable injuries, ecosystem destruction, significant cost claims, and corporate reputational damages. According to ...

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Oldendorff Carriers Invests In Alpha Ori Technologies

Oldendorff Carriers, one of the world’s leading dry bulk operators, has signed a deal that will see it invest in leading maritime digital solutions provider Alpha Ori Technologies (AOT). An Oldendorff Carriers’ representative will also join the AOT board. AOT’s digital solutions are increasingly being adopted by leading maritime operators worldwide. This new investment will further accelerate its sales activities and product capabilities. Peter Twiss, CEO of Oldendorff Carriers, said: “Oldendorff is pleased to be an investor in Alpha Ori Technologies. Having considered various cleantech, optimization and fuel savings products ...

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Jamaica celebrates its role at the heart of maritime regulation as it launches its campaign for IMO re-election

Jamaica underscored the importance of being at the heart of international maritime regulation by holding a reception in London to launch its campaign for re-election to Category C of the Council of the International Maritime Organization (IMO) for the 2024-25 biennium. As the largest English-speaking island State in the Caribbean, Jamaica has a long history of involvement in maritime affairs and in shipping, which plays an integral role in the socio-economic development of the country. Hosting the event, Mrs Corah Ann Robertson Sylvester, chair of the Maritime Authority of Jamaica ...

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Iron ore futures rise on easing COVID curbs in Chinese cities

Iron ore futures gained on Monday as hopes of better demand rose after more cities in top steelmaker China eased strict COVID-19 restrictions over the weekend. The most-traded January iron ore on China’s Dalian Commodity Exchange ended day-time trade 2.4% higher at 795.5 yuan ($114.41) a tonne, after rising 4.1% in early trade to hit its highest since June 16. On the Singapore Exchange, the benchmark December iron ore was up 2.0% at $108.70 a tonne, as of 0705 GMT. Beijing residents on Saturday cheered the removal of COVID-19 testing ...

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Lloyds List features Dr. Anil Sharma as a shipping industry leader

Dr. Anil Sharma, President and CEO of GMS, has, for the thirteenth straight year in a row, been listed in the annual Lloyd’s List Top 100 Most Influential People in the Shipping Industry 2022. Dr. Sharma is one of only seven people worldwide who have been featured consecutively in all 13 editions of the Top 100 and received such international acclaim. This sustained success comes as GMS celebrates 30 years as an innovator in ship recycling and acknowledges the fundamental impact that GMS has had, and continues to have, on ...

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Adani Ports and SEZ handles total cargo volume of 25.3 MMT in Nov’22

Adani Ports and Special Economic Zone (APSEZ) said that it handled a cargo volume of approximately 25.3 million metric tonnes (MMT) in November 2022, registering a growth of 2.26% from 24.74 MMT recorded in November 2021. The rise in total cargo volume factors year on year (YoY) growth of 6% in container volumes and 2% in dry bulk cargo. During April-November 2022, APSEZ clocked approximately 228 MMT of cargo volumes, implying a 9% YoY growth. Adani Ports & Special Economic Zone is in the business of development, operations and maintenance ...

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Calabar Port receives largest tonnage of single general cargo vessel

The concerted efforts of the Mohammed Bello Koko-led Management of the Nigerian Ports Authority at growing the fortunes of the Eastern Ports of Calabar, Warri and Onne has continued to yield dividends as Calabar Port Complex received its largest tonnage of a Single General Cargo Vessel. The development was revealed in a statement issued by the Management of the NPA and made available on Friday. According to the statement, the vessel: MV HAI JIN JIANG SH, with International Maritime Organization No: 9579729, carrying gross tonnage of 32,390, arrived Calabar Port ...

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Sohar Port and Freezone reports strong results for 2022 third quarter

Sohar Port and Freezone has announced strong results for the third quarter of 2022 as the Port throughput (export & import) reported an increase of 32 per cent over the same period last year. As the rapidly growing complex continues to transform the Sultanate’s burgeoning maritime and logistics industries, dry bulk volume grew by 38 per cent to almost 11.8 million tonnes, and liquid bulk increased by 28 per cent to just over 5 million tonnes. The number of handled containers increased by 4 per cent to 188,604 TEU. In ...

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ICTSI delivers PNG’s first STS cranes

South Pacific International Container Terminal (SPICT), a unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Lae, is now capable of handling larger box ships after receiving a pair of new ship-to-shore (STS) cranes, the largest port equipment in Papua New Guinea today. Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. and with a reach of up to 17 rows across, the new Post-Panamax cranes can easily service vessels of up to 6,000 TEUs and is part of ICTSI’s ongoing program to strengthen and enhance the overall ...

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TMC appoints head of sales

TMC Compressors (TMC), which is a worldwide supplier of compressed air systems for marine and offshore use, has appointed Jens Erik Tøstad to head up the company’s international sales function. Tøstad joins TMC from Kaeser Kompressorer AS in Norway where he has held roles as both sales manager and product manager marine. He also has experience from Wärtsilä Moss, where he was sales manager for nitrogen and inert gas systems. At TMC, Tøstad will head up the company’s international sales team. He reports to Hans Petter Tanum, TMC’s director of ...

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Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Pegasus

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Pegasus (formerly “STH Athens”), a 2015 built Ultramax dry bulk vessel of 60,508 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022. Including the newly delivered m/v DSI Pegasus, Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 ...

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Performance Shipping Inc. Announces Delivery of the Aframax Tanker, M/T P. Monterey

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Monterey (formerly “Phoenix Beacon”), a 2011-built Aframax tanker vessel of 105,525 dwt that the Company entered into an agreement to purchase in September 2022. As previously announced, the M/T P. Monterey was acquired for a total purchase price of US$35 million and partially financed through the recently announced term loan facility with Piraeus Bank S.A. Following the delivery, as previously disclosed, ...

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