Dubai-based Transworld Holdings has managed to privatise subsidiary Shreyas Shipping taking it off two stock exchanges in India. Transworld said the decision was made to give it greater operational and financial flexibility over its Indian liner subsidiary. Sivaswamy Ramakrishnan, chairman of the...
https://splash247.com/transworld-completes-shreyas-privatisation-process/
The daily deficit of water at the Gatun reservoir in the centre of the Panama Canal is the equivalent of 1,200 Olympic-sized swimming pools, with the canal’s administrators warning yesterday that water levels at the lake are at their lowest levels ever recorded during a rainy season. The Gatun...
Unifeeder Group has inked a deal with German owner Elbdeich Reederei to charter-in up to four methanol-powered containership newbuilds. Elbdeich is ordering a pair of 1,250 feeder units and will manage them after delivery in 2026. The contract includes options for two more similar ships for...
https://splash247.com/elbdeich-reederei-orders-methanol-fuelled-boxships-for-unifeeder-charter/
Andrew Craig-Bennett on what lessons we can learn from the fall of the house that Alfred Holt built. When Alfred Holt invented the steeple compound steam engine, he didn’t build one ship fitted with his invention; he ordered three sisters, and immediately began a line of steam ships. No half...
The Federal Maritime Commission (FMC) in Washington DC has dismissed a case brought against the world’s largest containerline, Mediterranean Shipping Co (MSC), in a ruling that will be analysed by many in the transportation sector. The FMC studied a congestion fee MSC charged SOFi Paper Products in...
The Australian Maritime Safety Authority (AMSA) has banned the Marshall Island-flagged containership from Australian waters for 90 days, for serious safety and maintenance issues. Prior to this banning, the ship was detained in Melbourne, after an AMSA port state control (PSC) inspection identified...
https://splash247.com/australia-bans-poorly-maintained-boxship/
To learn more about FreightWaves SONAR, click here.
The post FBX Report: October 02, 2023 appeared first on FreightWaves.
https://www.freightwaves.com/news/fbx-report-october-02-2023
A well-known figure on Dubai’s shipping scene for many years, Dheeraj Bhatia is to join Hapag-Lloyd’s Executive Board from January 2024. He will also become CEO of the new Rotterdam-based Hapag-Lloyd Terminal Holding, in which Hapag-Lloyd AG’s infrastructure holdings will be pooled.
Bhatia has more than 20 years of experience in the container shipping business. In 2014, Bhatia joined Hapag-Lloyd as Managing Director and initially headed Area India. Since 2018, he has been based in Dubai as...
https://www.themaritimestandard.com/dheeraj-bhatia-to-join-hapag-lloyd-executive-board/
Two of the main shipping segments which have disappointed the most earnings-wise this year have resorted to slowing their ships down considerably this year. According to Clarksons Research ships in the the containership and bulk carrier sectors have travelled at record slow speeds this year....
https://splash247.com/bulk-carriers-and-containerships-moving-at-slowest-speeds-on-record-this-year/
Despite industry and government efforts, dangerous cargo that has not been declared, or that has been incorrectly declared or labelled, continues to cause fires and explosions, hurting and killing vessel crew and transportation staff. In response to this continued safety challenge the World...