The Board of Directors of the CMA CGM Group, a global player in sea, land, air, and logistics solutions, met today under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter...
In the first half of a year 2024, the container throughput of Chinese ports was 161.8 million TEU, a year-on-year increase of 8.5%, reports Port News.
Among them, the container throughput of Shanghai Port in the first half of a year was 25.5 million TEU, a year-on-year increase of 7.5%; the container throughput of Ningbo Zhoushan Port was 19.1 million TEU, a year-on-year increase of 8.4%, according to the message of Ningbo Zhoushan port Group.
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https://mfame.guru/chinese-ports-container-volume-rises-8-5-in-h1-2024/
COSCO Shipping Specialized Carriers, a unit of China’s COSCO Shipping Group, has held a naming ceremony for a newbuild environmentally friendly 77,000 dwt multipurpose pulp vessel, reports Offshore Energy.
Naming ceremony for newbuildThe vessel was named Green Itajai during the ceremony which took place on July 25 at COSCO Shipping Heavy Industry (Dalian) shipyard.
Green Itajai was ordered at the Dalian shipyard in 2022 and is scheduled for delivery in August 2024.
Measuring 225 meters in length...
https://mfame.guru/cosco-shipping-names-new-eco-friendly-multipurpose-vessel/
Corvus Energy is proud to announce that its large-scale marine energy storage system, the Blue Whale ESS, has received Type Approval from RINA. This approval confirms that the Blue Whale ESS adheres to RINA’s stringent Rules for the Certification of Lithium Battery Systems. Along with the recently awarded type approval from DNV, this demonstrates that the Blue Whale ESS meets the highest industry standards for safety and regulations, as established by leading maritime class societies.
Designed...
https://mfame.guru/corvus-energys-blue-whale-ess-receives-prestigious-type-approvals/
Drydocks World has successfully executed a complex project involving the conversion and upgrade of two vessels for Eni’s Baleine Phase 2 project, to be deployed offshore Côte d’Ivoire in West Africa. This significant achievement underscores Drydocks World’s expertise in marine and offshore services.
Vessel Conversion and Upgrades
The project involved converting the floating production storage and offloading (FPSO) vessel Voyageur Spirit and the shuttle tanker Nordic Brasilia. The FPSO Voyageur...
https://mfame.guru/drydocks-world-completes-complex-vessel-conversions/
The Philippine Coast Guard (PCG) is actively responding to a maritime incident involving the tanker that capsized and submerged 3.6 nautical miles east of Lamao Point, Limay, Bataan, on 25 July 2024.
Distressed VesselThe distressed vessel, en route to Iloilo, was carrying 1.4 million liters of industrial fuel oil (IFO). According to PCG Spokesperson, CG Rear Admiral Armando Balilo, the PCG is investigating whether there were any weather disturbances in the area at the time of the incident. As of...
https://mfame.guru/tanker-capsizes-off-bataan-leading-to-oil-spill/
Russell Group, a data and analytics company, has reported that $131 billion in trade is at risk of being disrupted by the ongoing port congestion at the Ports of Singapore, Port Klang, and Tanjung Pelepas, reports Port Technology International.
ConsequencesAll three ports have faced significant port congestion since the middle of June, with vessels avoiding the Red Sea because of the Houthi attacks in the area.
Diverted vessels have been arriving either behind schedule or using the port as an...
https://mfame.guru/port-congestion-threatens-131-billion-in-trade-across-southeast-asia/
BIMCO, in a recent incident, reports of the loss of paper bills of lading led to significant complications, costs and delays that could easily have been avoided if electronic bills of lading had been used.
The Lost Bills of LadingTypically, when paper bills are lost, parties accept a Letter of Indemnity (LOI) to reissue new bills. However, in this case, the ship owners insisted on a more stringent process. They required the bill of lading title holder to file an application in court at the port...
https://mfame.guru/the-lost-bills-of-lading-a-cautionary-tale/
The British International Freight Association (BIFA) recently hosted a webinar in its 2024 series, focusing on safety in the container shipping environment. The session featured insights from Mike Yarwood, Managing Director of Loss Prevention at TT Club, and Robert Windsor, BIFA’s Member Policy & Compliance Director.
Proper Handling of Cargo Transport Units (CTUs)The webinar emphasized best practices for packing, transporting, and unpacking cargo transport units (CTUs). Proper handling of CTUs...
https://mfame.guru/enhancing-safety-in-container-shipping-key-insights-from-bifas-2024-webinar/
Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the capacity has risen 11% to 29.5m TEU, the fastest fleet growth in 15 years, reports BIMCO.
Container ship fleet expands by 11%During the first half of 2024, the delivery of new ships reached a new high. A total of 264 ships with a combined capacity of 1.6m TEU have been delivered from shipyards, two thirds more than during the first half of last year when the previous...
https://mfame.guru/bimco-boxship-fleet-expands-by-11-fastest-growth-in-15-years/