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Yangpu Newnew Shipping, which specialises in China-Russia liner services, is now eyeing regular services to Murmansk via the Northern Sea Route. CEO Ke Jin said yesterday that Newnew’s 1,220 teu Xin Xin Hai 1 had become the first containership to call at Murmansk, primarily a dry bulk and general cargo port. Mr Ke said Newnew would, from October, send six larger vessels to Murmansk, the only ice-free port in western Russia, and ... The post China’s Newnew Shipping to launch services to Murmansk and invest in the port appeared first on The Loadstar .
Yangpu Newnew Shipping, which specialises in China-Russia liner services, is now eyeing regular services to Murmansk via the Northern Sea Route. CEO Ke Jin said yesterday that Newnew’s 1,220 teuXin Xin Hai 1had become the first containership to call at Murmansk, primarily a dry bulk and general cargo port. Mr Ke said Newnew would, from October, send six larger vessels to Murmansk, the only ice-free port in western Russia, and planned to invest in the port’s infrastructure. He added: “We’re confident we will see significant development in the Murmansk region. Murmansk is conducive for investment, because of the authorities’ support and the fact that it’s the only ice-free port in western Russia. “More and more Chinese companies are joining the Arctic route, which I think has become safer, gradually.” Besides Murmansk, Newnew is also keen to invest in the Russian ports of Arkhangelsk and Ust-luga, which are also along the NSR, of which the carrier has been the most frequent user, according to the Centre For High North Logistics. Xin Xin Hai 1carried about 500 containers, mainly automotive parts from Tianjin on 19 July, boxes that are expected to be transhipped to St Petersburg or Kaliningrad. China is the first-mover on NSR voyages, hoping to exploit the route, which it calls the Far Eastern Ice Silk Road, as a short cut from Asia to Europe. Last year, the governments of China and Russia agreed to expand transport through the NSR, aiming to increase cargo volumes in this direction to 20m tonnes by 2030. Meanwhile, Sea Legend Shippingis also offering liner services through the NSR, with eight China-Europe sailings during the current navigational season.
Indian importers sourcing goods from Asia continue to grapple with freight rate shocks. Indian manufacturers and retailers traditionally rely heavily on Chinese suppliers, so elevated shipping costs from the Strait of Hormuz supply chain choke point have resulted in a worrisome knock-on impact on their business dynamics. The latest data secured by The Loadstar from market sources points to a sharp month-on-month spike in container booking rates from China to India this ... The post Rate shocks on services from China add to Indian importers’ woes appeared first on The Loadstar .
Indian importers sourcing goods from Asia continue to grapple with freight rate shocks. Indian manufacturers and retailers traditionally rely heavily on Chinese suppliers, so elevated shipping costs from the Strait of Hormuz supply chain choke point have resulted in a worrisome knock-on impact on their business dynamics. The latest data secured byThe Loadstarfrom market sources points to a sharp month-on-month spike in container booking rates from China to India this month. Spot rates from Shanghai to Nhava Sheva (JNPA), for example, have nearly doubled, currently hovering around $3,100 per teu and $3,300 per 40ft, up from $1,600 and $1,700, respectively, a month ago. Other load ports are also recording high double-digit rate increases. Ocean rates from China to Chennai in southern India have also climbed sharply, reaching around $2,900 per teu and $3,100 per 40ft, compared with $1,600 and $1,800 in July, an increase of roughly 60%, according to the data. Indian importers are also facing similar rate pressures on container bookings from other key Asian hub ports. Container lines are selling space ex-Singapore to JNPA at about $2,500 per teu and $2,600 per 40ft, up from $1,600 and $2,000 in July. Industry participants in India have voiced concerns over the import trade challenges. “The spike in China–India ocean rates is a clear sign that available capacity is getting tight – but the bigger concern [for shippers] remains predictability,” Pushpank Kaushik, CEO and head of business development for the region at Jassper Shipping, toldThe Loadstar. “For Indian companies importing goods and services from China, it’s the changing vessel availability, sailing schedules, and transit times that are impacting inventory planning and costs,” he added. Import demand in India typically gathers pace ahead of the local festival season in August/September, and this is adding further strain on already-stressed shipping capacity, sources believe. Shipping schedules on Asia-India trades are already under pressure as container lines respond to the volatile vessel operating environment. And several leading Asian hub ports, including Shanghai and Singapore, have been battling deteriorating berthing schedules and rising container dwell times due to congestion, according to reports. CMA CGM has notified Indian customers of multiple schedule disruptions on its Asian networks, which include theXin Tian Jinand theNavios Bahamason the China-Indian East Coast Express (IEX) service, omitting this month’s Singapore calls.
Consider this: global travel demand hasn’t collapsed this year, even with a war weighing on it, and the industry’s own load factor data argues for a supply story over a demand one. The real constraint running through the industry is supply: engines are sitting in the shop for repairs longer than carriers can plan around, and the industry’s main workaround, leaning on cargo while trimming passenger networks, shows up in ... The post The bottleneck squeezing airline capacity isn’t demand, it’s parts appeared first on The Loadstar .
Consider this: global travel demand hasn’t collapsed this year, even with a war weighing on it, and the industry’s own load factor data argues for a supply story over a demand one. The real constraint running through the industry is supply: engines are sitting in the shop for repairs longer than carriers can plan around, and the industry’s main workaround, leaning on cargo while trimming passenger networks, shows up in how full the planes are well before it shows ...
Diana and Genco battle ends, MSC returns to Red Sea, and Panama Canal cuts transit numbers
Diana and Genco battle ends, MSC returns to Red Sea, and Panama Canal cuts transit numbers August 21, 2026 A look back at the top stories on Seatrade Maritime News over the last week. The long running battle by Diana Shipping to take over Genco Shipping and Trading ended in nought. Diana pulled its unsolicited offer to acquire all the shares it did not own in Genco after months of accusing the latter of not engaging in negotiations. Both sides fired their final salvos for this stretch of the prolonged takeover battle, although Diana warned that as Genco’s largest shareholder, it is "not going away". Genco and Diana fire parting shots as Diana withdraws acquisition offer Red Sea transits by container lines are coming back quicker than expected with MSC quietly joining the fray with seven vessels in two weeks on eastbound voyages via the Suez Canal. “It sends a clear signal that the full resumption of Red Sea transits could come earlier than anticipated”, said consultant Linerlytica. With CMA CGM and Maersk having already made the switch for some full services more are expected to follow. Related:Hapag Lloyd’s Zim deal scrutinised by Brazilian anti-trust Race back to Suez gathers pace as MSC increases Red Sea sailings As the impact of El Nino starts to be felt on Panama Canal watershed levels the key waterway connecting the Atlantic and Pacific Oceans is cutting daily transit numbers. From 3 September the number of slots available in the Neo-Panamax locks will be capped at nine and the Panamax locks at 25 and reduced to 23 on 15 September. Overall this will reduce maximum daily transits from 38 to 32 vessels. Panama Canal cuts daily transit slots due to El Niño Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026
Dutch general cargo vessel Thamesborg has safely completed its first transit of Canada’s Northwest Passage since running aground on an uncharted shoal in the route last year, with the vessel passing within a few nautical miles of the site of the accident.
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of aging infrastructure, power outages and quality issues, according to shipping data, sources and documents.
Russia is importing almost 270,000 tonnes of refined fuels from Asia this month, creating an extraordinary reversal in tanker trade flows as repeated Ukrainian strikes on refineries leave one of the world’s largest energy producers short of fuel, with images of long queues at Russian petrol stations becoming commonplace. Preliminary shipping data cited by Reuters …
The Panama Canal is cutting daily booking capacity to 32 ships from mid-September as worsening rainfall deficits force the waterway into deeper defensive measures against El Niño. For booking dates from September 4, the canal will offer nine neopanamax and 25 panamax slots a day. From September 15, panamax availability drops again to 23 slots, …
CNBC reports: Hedge funds struggled to a historic extent as AI momentum unwound in July, according to Goldman Sachs. “Our Hedge Fund VIP list of the most popular long positions suffered its worst 1-month underperformance vs. the S&P 500 in more than 20 years of history, and July marked one of the sharpest hedge fund de-grossing episodes of the past decade,” Goldman strategists led by Ben Snider said. “Funds trimmed positions in ... The post CNBC: Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in 20+ years of data appeared first on The Loadstar .
Shipping is betting on more ships thanks, in no small part, to the disruption created by fewer reliable routes. That contradiction ran through much of Splash’s coverage this week. Panama, Hormuz, the Houthis, Somali pirates and the Black Sea were constant presences in our reporting. Different threats, different causes, same result: the arteries of global …
A new independent report has called for urgent international intervention in the case of two senior seafarers convicted of drug trafficking in Türkiye, arguing that serious gaps in the evidence raise the prospect of a “grave miscarriage of justice”. Human Rights at Sea (HRAS) has examined the convictions of Syrian-born, Finnish citizen chief officer Ali …
With only a few years in shipowning, Dubai-based SPM Shipping has now added its first VLGC after moving into both the capesize and VLCC segments. The company has been named as the buyer of Dorian LPG’s 2015-built, 84,000 cu m Clermont, paying $91m for the Hyundai Samho-built vessel. VesselsValue sales registers show that SPM Shipping is the …
Hong Kong-based ASL Shipping is making a sizeable jump in ship size with an order for two firm 5,300 teu containerships at CSSC Huangpu Wenchong Shipbuilding, with options for two more. The vessels will be built to Huangpu Wenchong’s own series design, measuring 235 m long and 37.5 m wide with around 71,500 dwt. No …
Romania destroyed a maritime drone near OMV Petrom’s Neptun Deep gas platform in the Black Sea on Thursday. The drone, loaded with explosives, was spotted several hundred meters from the platform’s gas extraction operations at around 6:28 am local time. Two fighter jets were scrambled, with one hitting the drone, after which it continued drifting. …
New York-listed offshore driller Transocean has revealed the details of its recently awarded drillship contract with India’s Oil and Natural Gas Corporation (ONGC). ONGC revealed earlier this week that it hired the 2010-built ultra-deepwater drillship, Dhirubhai Deepwater KG2, for work offshore India. This was the second ultra-deepwater drillship the company has hired following the $261m deal …