Global News

File image courtesy CSCEC PUBLISHED APR 20, 2022 2:57 PM BY BRIAN GICHERU KINYUA For the past two years, it has been a roller coaster ride in the ocean freight business. After the early-pandemic slowdown in 2020, demand soared in 2021, resulting in massive...

FMC increases focus on ocean carriers as export volumes continue to fall (Seattle file photo) PUBLISHED APR 22, 2022 5:56 PM BY THE MARITIME EXECUTIVE The imbalance between U.S. imports and exports and the repeated complaints from manufacturers and the...

The continuing Shanghai lockdown against Covid has not translated, as yet, into a large number of blank sailings by container lines. Marcus Hand | Apr 22, 2022 Analysts Sea-Intelligence compared the number of blank sailings that resulted from the Covid outbreak...

Expert says it's ‘deeply concerning’ China produces 95 percent of the world’s shipping containers A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and...

Global supply chain disruption is set to last at least another 12 months, and could run through all of 2023, according to Toll Group Managing Director Thomas Knudsen. Marcus Hand | Apr 12, 2022 Speaking to Seatrade Maritime News last week during...

Carriers are diverting and refusing Shanghai shipments as the backlog continues (file photo) PUBLISHED APR 15, 2022 12:11 PM BY THE MARITIME EXECUTIVE Three weeks into what was originally announced as a lockdown for a few days in Shanghai, China’s government has...

Vietnam plans to build a national container shipping operation first in Asia and then global to combat supply chain disruptions (Vietnam Maritime Administration) PUBLISHED APR 15, 2022 6:55 PM BY THE MARITIME EXECUTIVE Vietnam is planning the launch of a national...

Container lines are diverting reefer shipments and some vessel calls at Shanghai as congestion worsens at the port due to the prolonged Covid lockdown in the city. Marcus Hand | Apr 11, 2022 As the Shanghai lockdown moves into its third week a severe shortage of...

Some indexes show falling trans-Pacific rates but signals still mixed Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing container-ship capacity and causing ocean spot rates to sink? Is this the beginning of “the big...

AP Moller-Maersk is launching a cargo airline as the top the container lines continue to expand their logistics and multimodal offerings. Marcus Hand | Apr 08, 2022 Maersk Air Cargo will be based out of Billund, the second largest airport in Denmark and will...

Agreement calls for the first ammonia-fueled VLCC to enter service before the end of 2925 (MSIC/AET file photo) PUBLISHED APR 4, 2022 8:01 PM BY THE MARITIME EXECUTIVE Just two years after announcing plans for a joint development project to explore ammonia-fueled...

Shanghai has extended its lockdown and the world’s largest container port has taken using more river and sea transport to bring boxes to terminals. Marcus Hand, Katherine Si | Apr 01, 2022 The two-phase lockdown was supposed to end on Friday in the east of...

The race to decarbonize global shipping is in full stride with a multitude of proposed solutions. They’re today’s answer to “putting wind back in the sails.” Many leading shipping companies are planning to gradually transition to zero-carbon vessels, like Maersk's...

International Container Terminal Services Inc. is set to construct a berth in the Manila International Container Terminal to increase its capacity in anticipation of increased demand. The new berth, “Berth 8”, will serve Megamax ships with a maximum capacity...

Salvors have put together a plan to refloat the containership aground outside Baltimore Port, Ever Forward, according to an update from Evergreen. Gary Howard | Mar 18, 2022 Evergreen has appointed salvor Donjon Smit to the vessel, and after multiple underwater...

Ukraine – Russia conflict could see 1.5m containers shipped by rail between Asia and Europe rerouted to ocean shipping driving up freight rates yet further, warns UNCTAD. A report by UNCTAD on the trade and development impact of the war in Ukraine highlighted that...

An IMO Extraordinary Council Session held at the end of last week on the impact on seafarers and shipping in the Black Sea and the Sea of Avoz from the conflict in Ukraine stated it “deplored the attacks of the Russian Federation aimed at commercial vessels, their...

The queue of vessels outside the ports of Los Angeles and Long Beach is set to start growing again, according to a Sea-Intelligence report. Gary Howard | Mar 10, 2022 Using the fourth quarter of 2021 as a baseline, Sea-Intelligence modelled the cumulative change...

China’s Ministry of Transport and National Development and Reform Commission jointly issued notice to reduce port charges starting from 1 April. Katherine Si | Mar 04, 2022 Implementing a decision by an executive meeting of the State Council’s to reduce and...

Repsol and Spanish state-owned shipbuilding company Navantia have signed a collaboration agreement to jointly develop solutions to decarbonise maritime transport. Michele Labrut | Mar 04, 2022 The aim is to develop solutions in line with the greenhouse gas...

With U.S. ports, and especially those on the West Coast, struggling to recover from the backlogs developed in 2021, a group of 49 trade associations from retailing, manufacturing, and other industries is highlighting the potentially damaging effects that could come...

Average price at top refueling ports approaches $900 per ton The price of ship fuel was flirting with a new record even before Russia invaded Ukraine. Then war broke out, and the highs of the past were left far behind. Ship fuel costs have “gone parabolic,” said...

Multiple international container lines have announced they will not call Ukraine ports, while Russian services generally remain available. MSC, Maersk and CMA CGM all released operation updates announcing suspensions of vessel calls to Ukraine until further notice....

New data by UNCTAD shows that 2021 recorded the highest trade growth ever. The positive trend was buoyed by increases in commodity prices, subsiding pandemic restrictions and a strong demand recovery due to economic stimulus efforts. Overall, the value of global trade...

Military action could cause ship fuel prices to spike, create tanker wild cards Ukraine is on a knife’s edge. Russian troops are amassed at its border. The U.S., EU and U.K. warn of severe consequences if Russia attacks, which the U.S. believes could happen at any...

Maritime tech has never seen anything like the past 12 months: a whirlwind of deals that may be just the beginning. “Clearly, there is an influx of capital, especially over the last year, and the pace is just continuing to increase,” said Evan Efstathiou, founder of...

Robert Maersk Uggla is to take over Chair of the Board of AP Moller – Maersk as Jim Hagemann Snabe stands down. Marcus Hand | Feb 15, 2022 Robert Maersk Uggla, CEO of AP Moller Holdings, is the fifth generation of the Maersk family to lead the company. His mother...

China’s deepsea technology science laboratory Taihu is jointly establishing a vessel and sea data intelligence application innovation lab with Huawei Technology. Katherine Si | Feb 18, 2022 The newly established lab will combine the IT and AI technology with...

Port congestion is growing in Asia with an increase in the average numbers of containerships per day waiting to berth at key ports according to analysts project44. Marcus Hand | Feb 18, 2022 The average number of ships waiting per day at Asian ports...

As shipping moves toward semi-autonomous and autonomous vessels Nir Ayalon, CEO and founder of Cydome, says cybersecurity needs to be at the forefront of people’s minds. Nir Ayalon, CEO and founder of Cydome | Feb 21, 2022 Covid has taught the shipping world a lot of...

Strict Covid-19 could continue to restrict yard capacity for drydocking in the coming year warn Nippon Marine Paint. Marcus Hand | Feb 03, 2022 The number of vessels drydocked at Southeast Asian yards for paint jobs dropped sharply in 2020 and 2021, and while...

The timetable for a container shipping correction keeps receding into the distance, which is either very good news or very bad news, depending upon which side of the market you’re on. The first predictions for a downturn were for October 2020 after China’s Golden Week...

PUBLISHED FEB 9, 2022 1:55 PM BY THE MARITIME EXECUTIVE Calling 2021 an exceptional year, A.P. Moller – Maersk reported year-end results producing the expected records, including the largest profit by any shipping company and the largest ever profit for any...

By Angelo Matthias in India 04/02/2022 Maersk Line is raising the bar on integrated logistics solutions in India, as customers continually demand more on the supply chain-side in a highly competitive market environment. The carrier’s latest effort around...

JOHOR BARU: Port of Tanjung Pelepas (PTP) became the first port in Southeast Asia to welcome Evergreen Marine Corporation's latest, and the world's largest, container ship Ever Ace as part of the vessel's maiden voyage in the region. The vessel arrived at the port...

By Ian Putzger, Americas correspondent 21/12/2021 To nobody’s surprise, the spectre of late dwell charges on containers at the prime US port complex receded yet another week yesterday, as the port authorities of Los Angeles and Long Beach deferred a decision...

By Mike Wackett 20/12/2021 A record-breaking Atlantic hurricane season has severely disrupted transatlantic liner services, adding to capacity shortage issues on the route. Moreover, an acceleration in modal shift from severely congested US west coast ports...

As some countries move to reintroduce border restrictions for transport workers – a repeat of last year’s measures which contributed to the supply chain crisis – the World Health Organisation (WHO) and International Labour Organisation (ILO) are forming an emergency...

Lines of trucks, often hundreds of vehicles long, were a frequent sight at many border crossings at the onset of the COVID-19 pandemic. Quarantining of containers at sea ports and increased delays for restricted goods, including medicine and personal protective...

President Biden announces new domestic steps to continue building supply chain resilience President Biden has made resilient supply chains a top priority of his Administration since Day One. Today, the President is holding a Summit on Global Supply Chain Resilience...

DP World handled 58.4m teu across its container terminals during in the January-September period, with container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. Michele Labrut | Oct 27, 2021 During the third...

Maersk has warned that the energy crisis in China and the consequent delays and congestion caused by Covid-19 is disrupting services, but some believe the power problems may lead to falling demand following the rush to get goods to market for Christmas. Chinese New...

The Panama Canal closed Fiscal Year 2021 (October 2020-September 2021) with historic PC/UMS (Panama Canal/ Universal Measurement System) tonnage transported through the waterway, increasing by 8.7 %, to 516.7m PC/UMS, up from 475.16m PC/UMS in FY 2020.  The...

Gary Howard | Oct 29, 2021 In an update on its FY 21 Q2 initiatives, Nixon said that the company continued to see bottleneck constraints as a result of landside labour shortages and high consumer and industrial demand for products. “Hundreds of ships waiting...

Ocean carriers are turning the heads of non-operating containership owners with “offers they can’t refuse” in their fervent buying spree. Oslo-headquartered MPC Container Ships announced last week it had agreed the sale of six of its 74-vessel feedership fleet,...

Global port congestion and backlogs continue to play havoc on liner schedules. According to new data from Sea-Intelligence schedule reliability remains at the low end of the range seen in 2021. In September, two out ever three vessels were behind schedule with the...

DSV is to pass on rising haulage costs to its customers, but has downplayed suggestions it has been significantly affected by the shortage of drivers. Road accounts for more than 20% of DSV’s revenue and has seen 12.4% growth in the year to date. It recorded revenue...

As the number of ships awaiting berths at the US west coast container hubs of Los Angeles and Long Beach grows the ports are set to surcharge ocean carriers for extended import dwell times. From 1 November, the San Pedro Bay ports will charge carriers $100 per...

Singapore’s new mega-port is just months away from full operations, but it has opened its storage area early to help alleviate the supply chain bottlenecks plaguing container shipping. Congestion has caused ships to arrive late, resulting in logjams of containers in...