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Peru Becomes New Center of...
The U.S. has moved to counter China’s investments in a mega port in Peru with the Department of State...
U.S. Coast Guard Cutter Delivers...
On Tuesday, the crew of the Coast Guard cutter USCGC Munro offloaded more than 29,000 pounds of cocaine at a pier in San...
Payra port: Poor navigability jacks...
Just six months after Tk 6,500 crore was spent on capital dredging, Payra Port’s Rabnabad channel has lost much...
ইউরোপের তিন রুট বন্ধ, চট্টগ্রাম-করাচি...
বাংলাদেশ ও পাকিস্তানের মধ্যে বাণিজ্যের যে আকার, তাতে করাচি থেকে চট্টগ্রামে সরাসরি জাহাজ রুট কতটা লাভজনক হবে, সেই প্রশ্নে...
Suez Canal launches crew change service
posted on: Nov 24, 2024
The Suez Canal Authority (SCA) has introduced a Crew Change service, launched on November 1, to meet growing demand. This service is provided through the Suez Canal Yacht Marina at Ismailia and extends to vessels and marine units transiting the Canal in both directions. Key locations include Lake Timsah and the Great Bitter Lakes waiting area. The service allows maritime agencies to book digitally via the SCA website, simplifying procedures and expediting service delivery. The digital Crew Change service on the SCA’s official website allows the online booking of this service with ease to all maritime agencies. Following that comes the completion of the required procedures with the competent authorities, then the provision of the service and collecting the service fee at the Suez Canal Yacht Marina at Ismailia which is calculated according to the duration of the process; starting the movement of the launch from the Marina...
India To Launch Rs 30,000 Crore Maritime Development Fund For Shipbuilding And Repairs...
posted on: Nov 24, 2024
FILE PHOTO: Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo/File Photo The Indian government is set to establish a Rs 30,000 crore Maritime Development Fund to bolster the shipbuilding and repair industry, Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal announced. This initiative complements a Rs 1.5 lakh crore investment plan aimed at transforming the country’s ports sector over the next five years. The ambitious upgrade plan includes the development of six deep-draft ports, two transshipment hubs, and the integration of green and smart port technologies. India’s shipbuilding industry holds immense strategic and economic importance. With high growth potential, it can create numerous job opportunities and contribute significantly to the gross domestic product (GDP). The sector’s indirect benefits, spanning industries like steel, engineering equipment, and port infrastructure, further...
Samsung Heavy wins AiP for LNG carrier with wing sails...
posted on: Nov 24, 2024
The Liberian Registry, the world’s largest registry, and the Korean Register (KR) have granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for the basic design of a wing sail-equipped LNG carrier. The wing sail, an eco-friendly auxiliary propulsion system, generates thrust through lift created by the pressure difference between the upper and lower sections of its wing structure, resembling the form of a sail. In addition to the wing sail, the design features a forward bridge placement that effectively resolves the major navigation visibility challenges commonly encountered with wind-assisted propulsion systems. SHI expects that by integrating the wing sail with its proprietary “SAVER Wind” air resistance reduction device, wind resistance will be further minimized, enabling the system to harness wind propulsion and lower carbon emissions. According to the U.K. Department of Transport’s Clean Marine Plan, the wind propulsion technology market is projected to grow to $2.5 billion by...
U.S. Prosecutors Charge Indian Industrial Magnate Gautam Adani With Fraud...
posted on: Nov 23, 2024
The U.S. Department of Justice has accused Indian billionaire industrialist Gautam Adani of committing fraud and bribery in connection with his conglomerate’s operations in the Indian solar sector. Adani also holds a dominant position in India’s ports sector through subsidiary Adani Ports and Special Economic Zones (APSEZ), and his firm was previously accused of bribing port officials in 2011. The U.S. Attorney’s Office for the Eastern District of New York (Brooklyn) revealed Wednesday that it has charged Gautam Adani, his nephew Sagar Adani and Adani Green Energy CEO Vneet S. Jaain with securities and wire fraud. The SEC has filed a separate complaint against Gautam and Sagar Adani in connection with a related bond offering. The indictment accuses Adani Green Energy of paying or offering to pay more than $250 million in bribes to government officials over the course of 2020-24. In return, Adani Green Energy obtained solar supply contracts expected to yield...
Maritime shows up for inaugural Top Women in Maritime Celebration...
posted on: Nov 23, 2024
Marine Log’s Top Women in Maritime Celebration award event, held November 11 at the World War II Museum in New Orleans, La., exceeded expectations with over 225 attendees coming together to celebrate the outstanding achievements of women in the maritime industry. This year’s event highlighted the growing influence and leadership of women across all sectors of the maritime world, and the atmosphere was filled with a sense of inspiration and camaraderie. From Left to Right: Christina Liviakis Gianopulos, President, WISTA USA; Ally Cedeno, Founder and President, Women Offshore; and Taylor Dickerson, President, Women in Maritime Operations (WIMOs). This was the first time leaders from all three organizations came together for an event to support all women in maritime. The event, hosted by Marine Log’s Editor in Chief Heather Ervin, honored this year’s winners for their exceptional contributions to the industry. Brief remarks were given by Taylor Dickerson, president of Women in...
Nyshex closes latest funding round, launches shipping rate indexes...
posted on: Nov 23, 2024
Todd Maiden The New York Shipping Exchange (Nyshex) announced Tuesday it has closed on its latest funding round and that it’s working with Intercontinental Exchange Inc. (ICE) to launch new shipping rate indexes. Founded in 2015, Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers on a shared digital platform. The exchange works to establish clear contract terms, providing an exception resolution process by a neutral third party. The Series C funding round was led by Collate Capital with participation from all of Nyshex’s other major investors, which include Goldman Sachs Alternatives, NewRoad Capital and Blumberg Capital. Details on the funding round were not disclosed. As of May, it had raised $68.8 million since inception, according to PitchBook. “We are delighted to have completed the first close of our Series C and to welcome ICE as a shareholder,” said Gordon Downes, CEO...
Five key questions facing ocean container shippers under a Trump presidency...
posted on: Nov 23, 2024
By Eloisa Tovee, Xeneta 19/11/2024 Earlier this month, Donald Trump won a second term in the White House. During his campaign, Trump pledged an economic policy that promises to revitalise American manufacturing and counter what the US regards as China’s unfair trade practices. Trump has vowed tariffs of up to 20% on all imports into the US and additional tariffs of 60% on goods from China. The US already imposes tariffs in those ranges, and higher on certain categories of goods, notably a 100% tariff rate on EVs. The last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, ocean container shipping freight rates spiked more than 70% – applying ever greater strain on global ocean supply chains. As reported on 6 November 2024, Peter Sand, Xeneta chief analyst warned that: “Shipping is a global industry feeding on international trade, so another Trump presidency is a step in the...
Liner shipping firmly on track for its most profitable year outside the covid era...
posted on: Nov 23, 2024
Liner shipping is firmly on track for its most profitable year outside the covid era. The container shipping industry had total net income of $26.8bn in the third quarter, a sharp 164% increase sequentially from the $10.2bn earnings reported in Q2, according to data compiled by John McCown-led Blue Alpha Capital. Compared to last year’s third quarter, net income in this quarter represented an increase of $24bn or 856% from the $2.8bn profit in the year ago quarter. Putting the third quarter in perspective, the $26.8bn earned is more than twice what the container shipping industry earned in any previous full year outside of the covid era. The stunningly strong earnings seen in 2024 have emanated from the Red Sea shipping crisis, as well as robust volumes seen across all trade lanes. The $26.8bn earned in Q3 is more than twice what the container shipping industry earned in any...
Ctg port revokes 23 ship-handling operators’ licences obtained without tender...
posted on: Nov 22, 2024
The Chittagong Port Authority (CPA) has revoked the licences of 23 ship-handling operators who were granted permits without proper tender procedures being followed. Their licences were cancelled last week, Rear Admiral SM Moniruzzaman, chairman of the Port Authority, announced at a press conference held in the port city today. The operators, granted licences in April last year, are reportedly owned by or affiliated with several MPs, ministers and political leaders of the erstwhile Awami League government. The operators are Shalutikar Associates, Bismillah Marine Services, NMT-MSN Limited, GD Harbour Services, Lamisa Enterprise, Portharbour International, Ahmed Maritime Logistics, Shahi Shipping and Trading, Maa Trading, S Trading, Taiful Enterprise, QNS Global Logistics Limited, MS Ocean Contracting and Supplying Firm, Gafur Brothers and Co, SS Consulting Limited, AB Corporation, Arian Traders Limited, Brigex Infraxar Limited, Good Alliance Services Limited, RK Corporation, Care Shipping and Freight Limited, KAS Trading, and Khulna Union Enterprise Limited....
On First Anniversary of Red Sea Crisis, U.S. Warns of Russian Involvement...
posted on: Nov 22, 2024
On the first anniversary of the start of the Red Sea crisis, the UN Security Council called on the group to release the hijacked car carrier Galaxy Leader and the 25 crewmembers that the group has held hostage since 2023. The Galaxy Leader has been in Houthi custody since November 19, 2023, when the group’s commandos boarded the vessel using a helicopter and quickly seized control of the bridge. It was the group’s first and last hijacking, but it was a harbinger of countless kinetic attacks that followed. Houthi forces have since struck at more than 100 vessels using drones and missiles, sinking two ships, damaging countless others, and killing four seafarers. In a statement, the Security Council called for the Houthis to cease their campaign of attacks on merchant shipping, and emphasized that the UN arms embargo on Yemen could be an important tool in reducing threats to maritime security if enforced....
Gard Club: Pilots refuse to board ships with faulty AC...
posted on: Nov 22, 2024
Pilots working in some ports in Brazil have in some instances refused to board vessels that do not maintain adequate working conditions, specifically concerning temperature control on the bridge and in pilot cabins, according to Gard Club. The refusal is driven by local labour regulations, which mandate specific temperature ranges for the safety and comfort of employees. Vessels not complying with the regulations could face significant operational delays, financial losses, and potential port state control inspections. Managers and their seafarers should check that the vessel’s air conditioning is working properly prior to arriving in Brazil. Case Study Amazon river pilots recorded a temperature of 28°C on the bridge of a vessel departing the port of Manaus. Citing thermal discomfort caused by a faulty air conditioning system, the pilots directed the vessel to anchor at Santarem and disembarked. Although the flag state issued a dispensation, the pilots refused to board...
সাগরের তলদেশে ‘হলুদ ইটের রাস্তা’? গবেষকরা যা বলছেন...
posted on: Nov 22, 2024
সাগরের নিচে সাধারণত কী থাকে? বিভিন্ন প্রজাতির ছোটবড় সামুদ্রিক প্রাণী ও উদ্ভিদ। আরো গভীরে সমুদ্রের তলদেশে গেলে পাওয়া যাবে সামুদ্রিক পলি, লক্ষ বছর ধরে গড়ে উঠা জীবাশ্ম, গভীর-সমুদ্রের পরিখা, সামুদ্রিক পর্বতশ্রেনীসহ বিভিন্ন বস্তু। কিন্তু ইটের তৈরি রাস্তা পাওয়ার সম্ভাবনা আছে কি? না, আপনার কল্পনাশক্তিকে খুব বেশি প্রসারিত করতে হবে না, কারণ এমনই একটি রাস্তা দেখা গেছে প্রশান্ত মহাসাগরের তলেদেশে। প্রথম দেখায় রাস্তাটি হলুদ ইটের তৈরি বলে মনে হয়। এখন প্রশ্ন হচ্ছে, মহাসাগরের তলদেশে হলুদ ইট দিয়ে রাস্তা বানিয়ে রেখেছে কে, আর কীই-বা তার কারণ? ঘটনাটি ২০২২ সালের। হাওয়াইয়ান দ্বীপপুঞ্জের ঠিক উত্তরে গভীর-সমুদ্রের শৈলশিরায় পরিচালিত এক অভিযানে চমকপ্রদ এক আবিষ্কার সামনে আসে। একটি শুকিয়ে যাওয়া প্রাচীন লেকের তলদেশ দেখতে পাওয়া যায় সেখানে। তলদেশটি দেখতে ঠিক হলুদ ইটের রাস্তার মতো। অনুসন্ধানী জাহাজ নোটিলাস যখন পাপাহানাউমোকুয়াকে মেরিন ন্যাশনাল মনুমেন্টের (পিএমএনএম) অন্তর্গত লিলিউওকালনি শৈলশিরায় (রিজ) অভিযান (সার্ভে) পরিচালনা করছিল তখনই সামনে চলে আসে আশ্চর্যকর ও কিছুটা অতিপ্রাকৃতিক এই দৃশ্যটি। উল্লেখ্য, পাপাহানাউমোকুয়াকে মেরিন ন্যাশনাল...
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Bangladesh needs a neatly-crafted maritime policy Bangladesh needs a neatly-crafted maritime policy Ghulam Suhrawardi | March 08, 2025 00:00:00 Ships are the nearest things to dreams that hands have ever made – Robert N. Rose aptly captures the essence of maritime transport—a sector not merely pivotal as a business but fundamental to the lifeline of Bangladesh’s economy. […]
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