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More ship recycling options for European owners as EU revises ‘waste’ definition
Owners of EU-flagged ships will now be able to dispose of vessels for recycling at demolition yards on the Indian subcontinent provided that they meet European Union Ship Recycling Regulation (EU SRR) criteria. This follows an agreement by the European Union (EU) and...
Illegal seafarer recruitment fees average $1,800
The charging of recruitment fees to seafarers is forbidden under the Maritime Labour Convention (MLC) but the practice is still widespread. Under the MLC there is the employer pays principle, however, a presentation by Ben Bailey, Director of Programme for Mission to...
Challenges still lie ahead with EU ETS for shipping
Implementation of the EU Emissions Trading System (EU ETS) for shipping is still creating challenges for the industry with some parts of the legislation yet to be enacted and decisions to be made on who will be responsible for paying the charges still undecided....
Durban Warns It Could Take 15 Weeks to Clear Backlog as 60 Ships Wait
Port officials in South Africa are reporting it is likely to take until 2024 and possibly till February to clear the current congestion that has built up at the container port in Durban. Consistently at the bottom of port rankings for efficiency, Durban is facing a...
‘Dire’ scenario for shipping lines more likely as spot rates fall back
There’s a lot at stake for container lines’ 2024 bottom lines in the last few weeks of 2023. If lines can’t push up spot rates very soon, next year’s annual contract rates will reset much lower versus this year’s. That scenario — which would have a very negative...
By 2030 all newbuildings will be dual-fuel capable
Discussing ‘Solutions heading for zero carbon’ at the Greener Shipping Summit in Athens last week, Michael Jeppesen, Promotion Manager, MAN Energy Solutions, said the company will “by the end of 2024, be able to deliver our first ammonia powered engine, a...
Thailand revives the Kra Canal but this time as a Landbridge.
Thailand is seeking investors for a $28 billion landbridge across the Isthmus of Kra which would allow shipping bypass the busy sea route of Malacca Straits, reviving the centuries old Kra Canal project. Thai Prime Minister Srettha Thavisin is expected to...
Container shipping – a return to ‘normal’
Port of Los Angeles (Port of LA) Executive Director Gene Seroka provided some very useful insights into developments at the Federal Maritime Commission (FMC) and on the ongoing efforts among transportation community participants to improve information flows in his...
El Niño wreaks havoc on global shipping patterns
Across every continent shipping is having to contend with the fallout from this year’s El Niño, a weather phenomenon that has helped cut drafts along major waterways, slashed agricultural production in key export markets, and could herald a stormy Pacific for vessels...
Panama Canal crisis forces US farm exports to detour through Suez
As a record-setting drought throttles transits through the Panama Canal, most of the focus has been on higher-capacity ships: the container vessels, liquefied natural gas carriers and liquefied petroleum gas carriers that use the larger Neopanamax locks. But...
DP World Australia Resumes Terminal Ops After “Serious” Cyber Incident
Terminal operations resumed at DP World Australia’s four locations after a weekend stoppage due to what government officials described as a “serious” cyberattack. The company’s ability to quickly recover from the incident however may be hampered by the Maritime Union...
Panama Canal restrictions: enough capacity for containerships but not gas carriers
Even restricting the Panama Canal number of Neo-Panamax transits to just five there should still be enough capacity for containerships, however, it will be a different story for other vessel types such as gas carriers. Marcus Hand | Nov 10, 2023 As Panama...
Panama Canal making drastic cuts to booking slots as drought worsens
Article-Panama Canal making drastic cuts to booking slots as drought worsens. The Panama Canal announced a series of sharp reductions in booking slots to just 18 daily by February 2024 following the driest month of October in 73 years. The Panama Canal stated in an...
Competition in container terminal market hots up as concessions end
Concessions to operate container terminals around the globe are coming to an end and the competition between terminal operators to win the new contracts on offer is intensifying in a number of locations. Drewry Shipping Consultants conducted a global survey of 27...
Bleak times ahead for container shipping: analysts
A series of analyst reports over the last week from Xeneta, HSBC Global Research, and Sea-Intelligence present a downbeat picture ahead for container shipping with overcapacity leaving carriers subsidising shippers on key routes. Despite a spell of super-profits as...
Flurry of Activity Along Black Sea Corridor After Multi-Day Stop
Ships are again moving along Ukraine’s Black Sea corridor after what appeared to be a multi-day stop in all traffic as a result of reports that Russian forces were again dropping explosive devices in the area. Despite continuing Russian activity, the ships are again...
Environmental Hazard as Cargo Ship Loses Containers in Canadian Far North
The Nunavut government and Canada are scrambling to deal with a potential environmental issue and boating hazard in the northernmost territory, a region located south of the Arctic Circle but with a polar climate and freezing cold for much of the year. Late on Friday...
Containerships Reach Highest Average Age Despite Newbuilds BIMCO Reports
The global container shipping industry is at the cusp of a major configuration in terms of fleet age as newbuilds prepare to enter service over the next two years and replace an aging fleet. According to the industry trade group BIMCO, the container fleet has reached...
Report: Containership Overcapacity Could Last to 2030 or Beyond
The container shipping segment could be beginning a much longer and more challenging period according to a new analysis from Sea-Intelligence. The Danish analytics firm issued a forecast this week highlighting that the container segment’s current level of overcapacity...
How Middle East war could impact global LNG, LPG shipping
War in the Middle East changes the geopolitical calculus for ocean shipping, compounding existing threats from Russia’s invasion of Ukraine. Two of the top energy cargoes at risk in the Middle East are liquefied petroleum gas (LPG) — propane and butane — and liquefied...
Chinese Line Files First Carrier Complaint with FMC Over Congestion Fees
Most of the complaints over congestion surcharges have been leveled by shippers and trucking companies against carriers and terminals, but in a reversal of fortune, the Federal Maritime Commission yesterday received its first complaint from a carrier against a...
E-fuels and retrofits likely to underpin decarbonisation drive
Two-thirds of the respondents in a recent Accelleron survey see a competitive advantage in the use of e-fuels and no fewer than 93% of the 200 participants believe e-fuels will make a decisive contribution to more sustainable shipping. Retrofitting existing ships is...
The Panama Canal is ‘climate dependent’
The Panama Canal has reduced its maximum draught to 44 feet and is cutting the number of daily transits to 31 compared to 36 – 38 normally as it battles an extended dry season. Explaining the decision for an additional reduction in the daily transit maximum to 31 from...
Container lines set out EU ETS surcharges
Indications of charges to be levied by Maersk, Hapag-Lloyd, and CMA CGM to cover the costs of the EU Emissions Trading System (EU ETS) have been released this week, with estimates ranging from €7 to €105 per teu. Nick Savvides | Oct 13, 2023 From January the EU...
Fighting in Gaza Could Lead to Shipping Disruption in Strait of Hormuz
As suspicion grows of Iranian involvement in the planning of the terrorist attacks in Israel last weekend, analysts are turning their attention to the potential for the conflict to spread to the Persian Gulf and the Strait of Hormuz, the world's most important...
War in Israel: The new geopolitical flashpoint for ocean shipping
Wars and pandemics — geopolitical and global health crises causing widespread suffering and death — have the side effect of hiking profits in certain industries. Wars inflate returns for defense contractors. The pandemic was a bonanza for certain pharmaceutical...
Rotterdam Reduced Port Fees for Early Adopters of Future Sustainable Fuels
The Port of Rotterdam announced it will begin offering a substantial port fee reduction for ships that bunker sustainable fuels as part of its efforts to support the early adoption of new green fuels including methanol and in the future ammonia. The effort is ahead of...
Panama Canal cuts again daily transits as drought continues
The Panama Canal Authority (ACP) has announced it will reduce daily transits to 31 from 32 as a severe drought continues and may last until next year. To avoid delays and ship backlogs, the ACP will also offer a new schedule for the Neopanamax locks and the Panamax...
Cartagena is the largest transhipment hub in the Caribbean
The Port of Cartagena Group (SPRC) is Colombia’s main export port, connecting over 840 ports in 140 countries making it the largest hub and most connected port in Latin America and the Caribbean. Michele Labrut | Oct 06, 2023 SPRC operates 3 port facilities...
ITF recovers nearly $120 million in unpaid seafarer wages over 3 years
The International Transport Workers Federation (ITF) recovered some $36 million in unpaid wages to seafarers in 2022, a figure very similar to the previous year. Publishing figures on World Maritime Day the ITF said it had recovered $118.5 million in wages to...
Surge in Chinese Trade Leads to Pileup of Empty Containers in Russia
Russia's trade with the West has plummeted since the invasion of Ukraine and the imposition of sanctions, and it has quickly substituted commerce with China instead. That exchange, however, is not evenly balanced - and it is resulting in a steady accumulation of empty...
Panama Canal adjusts freshwater charge
The Panama Canal has announced that it will modify the variable component of the Fresh Water Charge (FWC) which will take effect on 1st October. As part of the Canal's efforts to manage the maximum draught available for transit through the Canal, The Panama...
Container freight rates to hit 2016 levels
Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Nick Savvides | Sep 27, 2023 Asia to Europe rates are already below 2019 levels and there is a real risk...
Container shipping has a Europe problem and it’s getting worse
With all the attention on U.S. consumers and inventory levels, Europe’s importance to shipping lines can get lost in the shuffle. The Asia-Europe trade is pivotal to container shipping operators — and this trade is now under severe pressure. Judah Levine, head of...
Trouble ahead: Container shipping rates sinking further into the red
Trans-Pacific spot rates have fallen by double digits over past month It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates “continue to lose...
New fuels, new risks
New fuels, new risks The rise of alternative fuels both for vessel propulsion and as part of cargo such as electric vehicles is resulting in new risks for marine insurers. Marcus Hand | Sep 20, 2023 The emerging risks come against the backdrop of a generally positive...
Container shipping market back in 2019
Alan Murphy, CEO and founder of Copenhagen supply chain analyst Sea Intelligence, has warned of widespread service cancellations on major trade lanes across the Pacific Ocean and between Asia and Europe between now and the end of the year. Paul Bartlett | Sep 22, 2023...
Container line blank sailings surge for Golden Week period
The number of blank sailings by container lines during China’s Golden Week has surged sharply according to analysts Sea-Intelligence. Despite concerns that shipping lines were failing to act ahead of the seasonal lull around the week-long Chinese Golden Week holidays...
Critical years ahead for container shipping
Increasing congestion at container depots and the end of the 2M alliance in January 2025 could see further supply chain disruption and another shake-up in carrier collaboration and operations. MSC and Maersk announced the break up of their alliance earlier this year,...
ESG Index for shipping launched at LISW
As shipping companies face mounting pressure to introduce or strengthen their environmental, social, governance (ESG) strategies, a new framework has been developed to assist in this process. Speaking at The Time for Change is Now, a joint WISTA UK and Seatrade...
Shipping needs 40% of global zero carbon fuels to meet 2030 target
In its latest research into the energy transition DNV estimates that between 44 and 62 million tonnes of oil equivalent (Mtoe) production will be produced by 2030 with an estimated demand for carbon neutral fuels of 17 Mtoe by that date. Highlighting the challenges...
Vessels turned away from Brazil’s Port of Santos due to congestion
BTP was reported to have been unable to receive two scheduled container ships for operation last week. BTP is a joint venture between APM Terminals, part of AP Moller Maersk, and MSC’s Terminal Investment’s Ltd (TIL). Both vessels attempted to divert to the other two...
Capital Gas Ship Management Orders Two Very Large Ammonia Carriers
Capital Gas Ship Management Corp. announces the order for the world's first two 88,000 CBM (?) very-large ammonia carriers (VLAC) with KSOE. The innovative vessels will be constructed at HD Hyundai Heavy Industries in Ulsan and are scheduled to be delivered by the...
Industry unites over battle against invasive species in cargoes
Shipping lines, shippers, and governments are working together to combat the global issue of pests carried in containers and bulk cargoes that can cause billions of dollars in crop damage. Nick Savvides | Aug 25, 2023 The spread of invasive species via the...
Containerships largely unaffected by Panama Canal delays
The number of vessels waiting to transit the Panama Canal has grown, however, containerships with reservations have seen minimal impact in terms of waiting times. Marcus Hand | Aug 31, 2023 The restrictions on transit numbers and draught put in place by the Panama...
Port of LA container volume improvement stalls in July with 27% drop
The improvement in volumes at the Port of Los Angeles came to abrupt end in July. Marcus Hand | Aug 24, 2023 An improving trend in monthly volumes at the Port of LA which had seen June volumes down just 5% year-on-year, compared to a 43% drop in February, has not...
Panama Canal Restrictions Likely to Last for the Next Year
The backlog at the Panama Canal has eased slightly but the drought is likely to mean the restrictions continue for at least the next 10 months (file photo) PUBLISHED AUG 25, 2023 3:44 PM BY THE MARITIME EXECUTIVE Restrictions on the draft of vessels and the...
As Japan Begins Releasing Water From Fukushima, Should We be Concerned?
PUBLISHED AUG 27, 2023 3:46 PM BY EDMOND SANGANYADO Japan’s decision to release water from the Fukushima nuclear power plant has been greeted with horror by the local fishing industry as well as China and several Pacific Island states....
Shandong Port Group creating port cluster of over 40 million teu
Shandong Port Group (SPG) is to accelerate efforts to establish a world-class port cluster in the Chinese province. Michele Labrut | Aug 23, 2023 “Currently, a coastal port cluster has formed in Shandong, with Qingdao Port as the leader and Rizhao Port and...
Ports Without the Right Infrastructure Need a New Shore Power Solution
PUBLISHED AUG 20, 2023 8:49 PM BY ROBERT SCHLUTER There's a growing demand for shoreside power, but many ports lack the electrical infrastructure to support traditional systems. A new solution is required. A series of global supply chain shocks have tested the...
Local News
Fire Dept’s third airbase planned near Senai airport
JOHOR is expected to be the third airbase for the Fire and Rescue Department after Penang and Subang, according to its director-general Datuk Seri Abdul Wahab Mat Yasin. He said the agency was currently in discussion with state government and the land and mines office...
Loke: Enhance our ports instead of worrying about Thailand land bridge.
Malaysia must be steadfast in enhancing its ports’ competitiveness and productivity, instead of worrying about Thailand’s proposed land bridge project, said Transport Minister Anthony Loke. “What’s important is that we must improve ourselves in terms of efficiency,...
Focusing on investments that offer high-paying opportunities
SELECTED high-tech industries such as life sciences, food and beverage, electrical and electronics, transport equipment and machinery will be able to offer higher-paying jobs. Selangor investment, trade and mobility committee chairman Ng Sze Han (pic) said this was...
AFAFGIT to be implemented in Peninsular Malaysia from Jan 1, 2024.
PUTRAJAYA: The ASEAN Framework Agreement on the Facilitation of Goods in Transit (AFAFGIT), which will facilitate the movement of goods in transit in ASEAN member states will be implemented in Peninsular Malaysia from Jan 1, 2024. Transport Minister Anthony Loke, in a...
Kale And Dagang Net Win Malaysia Maritime Single Window Contract To Drive Electronic Data Exchange In Port Klang And Subsidiary Ports
Kale Logistics (Kale) and its partner, Dagang Net Technologies Sdn Bhd (Dagang Net), have been awarded the Malaysia Maritime Single Window (MMSW) contract by Port Klang Authority and its nine subsidiary ports in Malaysia. Under the contract, both parties will jointly...
Transport Minister: Homesick keeps locals away from shipping career
KUALA LUMPUR (Nov 16): The agony of staying away from the family for a long period of time is the main reason why Malaysians are not keen to join the shipping and port industry despite the lucrative salary offer. Transport Minister Anthony Loke said as such the port...
Malaysia Rail Link clarifies ECRL train speed at 160km/h, dismissing ‘misleading’ high-speed claims
KUALA LUMPUR, Nov 18 — Malaysia Rail Link Sdn Bhd (MRL) today clarified that the East Coast Rail Link (ECRL) passenger train will travel at a maximum speed of 160 kilometres per hour (km/h), dismissing claims from recent media reports suggesting that it could more...
Malaysia needs own economic development strategy, says Chin Tong
KUALA LUMPUR: Malaysia should develop its own economic strategy, rather than relying on plans from other countries, said Deputy Minister of Investment, Trade and Industry (Miti) Liew Chin Tong in Parliament today. However, he said that Malaysia will accept and take...
Strengthening flood resilience
KUALA Lumpur City Hall (DBKL) has intensified efforts to tackle potential flash floods during the north-east monsoon period expected to bring heavy rainfall until February next year. One of the preventive measures is the installation of water pumps at various...
Miti: US trade and investment mission to priorities hi-tech, high value investments.
KUALA LUMPUR, Nov 9 — The Ministry of Investment, Trade and Industry (Miti) has begun its trade and investment mission to the United States (US) from November 6 to13, covering the cities of Chicago, Seattle, and San Francisco. Miti said the mission will be led by its...
Transport minister: Belt and Road Initiative will drive Malaysia’s development, enhance cooperation with China
KUALA LUMPUR, Nov 10 — The Belt and Road Initiative (BRI) will continue to drive Malaysia’s socio-economic development and perpetuate the win-win cooperation between Malaysia and China, Malaysian Transport Minister Anthony Loke said. In a recent interview with Xinhua,...
Port Of Tanjung Pelepas Bags Two Prestigious Awards At Hrd Awards 2023
Port of Tanjung Pelepas (PTP), a joint venture between Malaysian based MMC Group and Hague based APM Terminals has been named the winner of the Human Resource Development Corporation (HRD Corp) Awards 2023 under the Excellence In Graduate Development (Future Worker)...
Malaysian Maritime Enforcement Agency eye on marine and petro zones
KOTA KINABALU: The Malaysian Maritime Enforcement Agency (MMEA) is focusing on South China Sea waters close to Sabah and Sarawak that are abundant in natural resources. Deputy Director-General (Operations) of Maritime Malaysia, Maritime Vice Admiral Datuk Hamid...
Transport minister says govt will provide fair solution to lorry drivers while safeguarding other road users
KUALA LUMPUR, Nov 2 — The Transport Ministry will find a solution that can safeguard both the operation of lorry drivers and at the same time keep the public safe. Transport Minister Anthony Loke said there is a need for ongoing engagements between lorry driver...
Malaysia has big EV ambitions. It wants to liberalise markets to achieve its goal
Malaysia has started down a path of market liberalisation, as Prime Minister Anwar Ibrahim’s administration seeks to bolster the country’s competitiveness to draw lucrative investments in the electric vehicle (EV) space and steer the economy towards a...
Malaysia’s first shipment of humanitarian aid for Palestine totaling more than RM7m departs for Egypt.
SEPANG, Nov 4 — Malaysia's first shipment of humanitarian aid for Palestinians weighing 20 tonnes, including medical supplies, loaded on a special cargo plane, departed for Al-Arish International Airport, Egypt last night. The cargo plane took off at about 11.30pm...
‘Oil prices to remain higher for rest of 2023 and next year.’
Malaysian Rating Corporation Bhd (Marc Ratings) foresees the Brent oil prices to remain elevated to hover around US$85-US$95 (US$1=RM4.78) for the remainder of 2023 and within the range of US$80-US$100 per barrel in 2024.However, should there be more severe and...
TM’s all-in-one digital solutions with Geran Digital PMKS Madani to accelerate MSM digitalisation
KUALA LUMPUR: Unifi Business is set to accelerate local MSME digitalisation through Geran Digital PMKS Madani (GDPM). Recently reinforced in Budget 2024, the government aims to incentivise local MSME through the GDPM to embrace business digitalisation for business...
Hasbi: Govt committed to elevating maritime industry
MIRI (Oct 30): The government is committed to supporting the maritime industry on its path to sustainability, while addressing its challenges, says federal Deputy Transport Minister Datuk Hasbi Hasbollah. Citing the United Nations Conference on Trade and Development...
MMEA special action team conducts forced boarding by helicopter of two errant vessels in eastern Johor waters
KUALA LUMPUR (ANN/THE STAR) – Marked by an ever-increasing reliance on digitalisation, Malaysian Communications and Digital Minister Fahmi Fadzil has issued a call to local businesses emphasising the importance of embracing 5G technology as it stands as a linchpin for...