Shipping

MARAD Announces More Than $12 Million in Funding for the Renamed U.S. Marine Highway Program

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the availability of more than $12 million for the newly-renamed United States Marine Highway Program (USMHP), formerly known as the America’s Marine Highway Program. “America’s waterways serve as critical links in our nation’s supply chains,” said U.S. Transportation Secretary Pete Buttigieg. “These investments in our marine highways will help to strengthen our supply chains, reduce emissions, and create jobs...

https://gcaptain.com/marad-announces-more-than-12-million-in-funding-for-the-renamed-u-s-marine-highway-program/

Biden’s Supply Chain Envoy Says Automating Ports Doesn’t Have to Cost Jobs

By Laura Curtis (Bloomberg) — The White House’s supply-chain envoy said the ports and logistics industry must move toward automation, a sticking point in protracted contract talks between US West Coast dockworkers and their employers. Automation is inevitable and the industry should “move there deliberately as opposed to getting dragged,” Stephen Lyons said Tuesday.  Lyons, along with outgoing Labor Secretary Marty Walsh, have been involved in negotiations between the International Longshore...

https://gcaptain.com/bidens-supply-chain-envoy-says-automating-ports-doesnt-have-to-cost-jobs/

Cargill Testing Wind Propulsion for Cargo Ships to Cut Emissions

By Jonathan Saul LONDON, March 1 (Reuters) – Cargill, one of the world’s biggest ship charterers, is stepping up a push to resurrect wind power for cargo ships as the agricultural commodities group moves to cut emissions from its chartered fleet, a top executive said. With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world’s CO2 emissions, yet environmental campaigners say regulatory efforts by the sector to cut emissions are still slow. Cargill will test...

https://gcaptain.com/cargill-testing-wind-propulsion-for-cargo-ships-to-cut-emissions/

WTO Sees Slowdown of Global Goods Trade Growth Being Short-Lived

GENEVA, March 1 (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on Wednesday.  However, the WTO said any slowdown may be short-lived given that container throughput at Chinese ports and new export orders have already started to pick up, the former following a sharp easing of COVID-19 restrictions in China. The WTO said its goods trade barometer dropped to 92.2 points in March...

https://gcaptain.com/wto-sees-slowdown-of-global-goods-trade-growth-being-short-lived/

ESPO crude differentials soar on fresh buying from India, China

Cash differentials of Russia’s ESPO Blend crude soared following fresh buying from India and Chinese major refiners, with the former heard seeking the Far East Russian grade following the expected production cuts for Urals crude. Indian refiners have collectively bought seven Russian ESPO Blend...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/030123-espo-crude-differentials-soar-on-fresh-buying-from-india-china

Russian oil product exports slide as EU import embargo bites

Russian oil product exports, the target of the West’s latest round of efforts to curb Moscow’s oil revenues, fell by a fifth on the month in February to the lowest since May 2022 as new buyers in Africa failed to absorb Russian fuels displaced from Europe, according to tanker tracking data....

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/030123-russian-oil-product-exports-slide-as-eu-import-embargo-bites

DP World and Caspian Containers join forces on digital trade initiative

DP World has signed a cooperation agreement with the Caspian Containers Company SA (CCCSA) to help digitise trade across the Greater Caspian Region and parts of Africa. Through the implementation of DP World’s SeaRates, a digital platform that allows the process of identifying and booking cargo routes to take place “in seconds”, cargo owners will be able to compare quotes from multiple providers and make informed decisions on the optimal route for their shipments. 

Serving as a ‘digital freight...

https://www.themaritimestandard.com/dp-world-and-caspian-containers-join-forces-on-digital-trade-initiative/

Asyad signs digital ERP agreement

Oman’s Asyad Group, which includes many of the country’s leading ports, shipping and logistics companies, has signed an agreement with Gulf Business Machines (GBM Oman) to develop an enterprise resource planning (ERP) system that will accelerate the digital transformation of the Group’s administrative processes and enhance its digital and operational capabilities.

 This agreement is part of Asyad Group’s efforts to build a comprehensive ERP system that enables optimal resource management and...

https://www.themaritimestandard.com/asyad-signs-digital-erp-agreement/

Fujairah Terminals handles gas turbines for power plant project

Fujairah Terminals, part of the AD Ports Group, recently handled three of the largest gas turbines ever to have been moved through a UAE port. Destined for the Fujairah F3 Power Plant Project, each of the turbines weighed 528 tonnes and measured 13.85 m in length, 6.12 m in width, and were 5.98 m in height.

As a result of the complex nature of the project, a team of specialised operational and safety experts were brought in to handle the extensive planning and preparations needed for the...

https://www.themaritimestandard.com/fujairah-terminals-handles-gas-turbines-for-power-plant-project/

Fleet growth continues at Al Seer Marine

UAE-based Al Seer Marine has made its 13th vessel acquisition in less than 12 months with a AED 331 million gas carrier deal. The company has signed a contract to buy an 86,700 m3 capacity LPG tanker, that can also carry ammonia, with Kawasaki Heavy Industries of Japan. The company now controls 15 vessels, including five gas carriers, and says it plans to secure two more vessels by the end of the first quarter of 2023. 

Al Seer Marine is rapidly becoming a key player in the maritime shipping...

https://www.themaritimestandard.com/fleet-growth-continues-at-al-seer-marine/

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