Global News

The container sector is heading for a short, sharp, hard landing as the supply chain normalises and large amounts of new tonnage hits the water, Maritime Strategies International’s (MSI) Adam Kent says in our latest podcast episode. Marcus Hand | Oct 06, 2022 From...

The higher average age of the Mediterranean feeder fleet could lead to a shortage when new environmental regulations come into force, according to Maritime Strategies International. Gary Howard | Oct 10, 2022 MSI said that newbuilding contracting by owners who operate...

Posted in Ports by Raghib Raza on Oct 10, 2022 at 05:44. The port of Long Beach joined the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES). ARCHES is a public-private partnership formed to procure newly available funding from a federal US...

Crimean Bridge across Kerch Strait suffered explosion and fire early in the morning Oct 8, two spans of motorway bridge collapsed and fell into water, railway bridge above motorway with cargo train including railway car tanks with fuel, is on fire. Details sketchy and...

The Shanghai Containerised Freight Index (SCFI) took another plunge this week, its fifth consecutive week of decline. Gary Howard | Sep 30, 2022 The SCFI recorded 1922.95 on 30 September, down from 2072.04 on 23 September and well down on its all time high of 5,051 in...

Fed supply chain pressure index headed in opposite direction of inflation Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the...

As we once again make our way towards winter in the North Pacific, should we be bracing ourselves for another season of container losses or have we, as an industry, started to learn some lessons? Tom Bebbington, Maritime Innvoation | Sep 29, 2022  There are many...

For at least one month, the East Coast's busiest container port became the busiest container port in the U.S. PUBLISHED SEP 25, 2022 9:05 PM BY THE MARITIME EXECUTIVE Last month, volumes at the Port of Los Angeles fell below both Port of Long Beach and the Port...

Shanghai International Port Group (SIPG) has announced it is to invest up to RMB51.3bn ($7.3bn) in constructing container terminal and supporting projects at Xiaoyangshan. Katherine Si | Sep 23, 2022 The investment in the new area through its subsidiary Shanghai...

Container spot rates have fallen by 10% for the fourth week running as increasingly looks like the sector could be in for a hard landing. Marcus Hand | Sep 23, 2022 he bell weather Shanghai Containerized Freight Index (SCFI) has lost another 10.4% over the last week...

Container capacities on the main trade routes out of China are set to plummet in the weeks following Golden Week as lines blank sailings to maintain rates. Gary Howard | Sep 22, 2022 China’s Golden Week of public holidays runs 1-7 October and comes at an odd time for...

LA lost cargo to East, Gulf Coast ports — and Long Beach next door The Port of Los Angeles, the highest-volume container gateway in America, is diverging from the nationwide trend. U.S. container imports remain close to record highs, yet imports to LA are falling...

The UN-chartered bulker Ikaria Angel departed Odesa on Friday, bound for Africa (Ukrainian Ministry of Infrastructure) PUBLISHED SEP 18, 2022 8:00 PM BY THE MARITIME EXECUTIVE About 3.7 million tonnes of grain have been shipped out of Ukraine via the Black Sea...

Posted in Ports by Raghib Raza on Sep 16, 2022 at 02:18. Workers of the Unite Union have scheduled a second strike at Felixstowe, the largest container port in the UK. This strike is the result of a pay dispute between the port operator and the Unite Union that...

A new offshore wind vessel owning company in Singapore – Cyan Renewables – aims to own and operate a $1bn fleet within five years. Marcus Hand | Sep 19, 2022 Founded by Seraya Partners the energy transition investment platform Cyan is touted as the world's first pure...

Tolls for vessels using the Suez Canal are set to rise by 15% next year with the exception of dry cargo and cruise ships which will increase by 10%. Marcus Hand | Sep 19, 2022 The transit toll increases from January 2023 were announced at the weekend by Adm....

The Shanghai Containerized Freight Index (SCFI) plunged 10% week-on-week and is down nearly 19% over the last 14 days. Marcus Hand | Sep 09, 2022 The bell weather SCFI as of 9 September stands at 2,562.12 points down 285.5 points on the level published on 2 September,...

Sea-Intelligence forecasts there will be 4.5 million excess containers at the start of 2023 PUBLISHED SEP 8, 2022 6:48 PM BY THE MARITIME EXECUTIVE Ports around the world have been complaining for nearly a year about the build-up of empty containers blaming the...

Retailers now see monthly declines in imports for the remainder of 2022 and into 2023 (Los Angeles file photo) PUBLISHED SEP 7, 2022 4:53 PM BY THE MARITIME EXECUTIVE The National Retail Federation is revising downward its forecast for retail imports during the...

Shipping can no longer remain on the sidelines, says ICS The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS. Gary Howard | Sep 07, 2022 In his keynote address at the opening of SMM...

Spot rates on most major container trades have fallen significantly on-year, but a few routes bucked the overall trend. Gary Howard | Sep 02, 2022 Most recently, Drewry’s composite analysis of box spot rates on September 1 showed a 5% decrease for the week, the...

The shipping industry and environmental NGOs are set to share a stage at SMM next week to discuss the industry’s decarbonisation challenge and its record so far. Gary Howard | Sep 02, 2022 The NGO debate will be the closing session of gmec, the global maritime...

Singapore officially opened Tuas Port on Thursday as the Republic moves to consolidate all its container terminals into a single location over the next 20 years. Marcus Hand | Sep 01, 2022 Two berths are currently operational in the first phase of Tuas Port which is...

PUBLISHED AUG 26, 2022 9:45 PM BY THE MARITIME EXECUTIVE Consultancy Rystad Energy expects a drop-off ahead for Russian oil production and exports as the cutoff date for the planned EU oil embargo approaches. At the end of this year, the European Union will not...

PUBLISHED AUG 26, 2022 9:23 PM BY THE MARITIME EXECUTIVE The strike at the Port of Felixstowe is creating challenges for UK importers and exporters, and it has also delayed several vessels within the port complex. For at least one crew, this meant an opportunity...

Posted in General by Mikhail Voytenko on Aug 27, 2022 at 16:57. Ukrainian seamen are allowed to leave the country by a special governmental decree during Aug 27 government meeting, said Ukrainian premier Nickolay Shmygal. By this decree, effectively, Ukrainian sea...

Maersk is omitting three calls at the Port of Felixstowe, UK, next week due to strike action. Marcus Hand | Aug 19, 2022 The UK’s largest port is set to grind to a halt from 21 – 29 August as port workers go on strike over pay. The Danish shipping line said in a...

PUBLISHED AUG 18, 2022 4:53 PM BY THE MARITIME EXECUTIVE Container prices and spot shipping rates have fallen significantly year over year despite the fact the industry is entering what is traditionally peak season. While declines in demand versus the surge in...

FBX: Asia-West Coast rates -70% year on year. Europe-East Coast rates +44% It’s a tale of two oceans: The price to ship containers of cargo eastbound from Asia to the U.S. across the Pacific continues to recede from record levels. In contrast, the price to ship...

PUBLISHED AUG 21, 2022 10:02 PM BY THE MARITIME EXECUTIVE In the last few weeks, shipping and logistics companies have mesmerized the world with record first-half profits. DP World, one of the largest port operators worldwide, is the latest addition to the list....

Damen’s first all-electric harbour tug has been named Sparky and received her Maori name, Tiaki, on delivery to the Ports of Auckland last week. Paul Bartlett | Aug 12, 2022 The RSD-E Tug 2513 has a bollard pull of 70 tonnes and is capable of assisting the largest...

While West Coast congestion has declined it has increased in ports such as Savannah and Charleston (GPA file photo) PUBLISHED AUG 14, 2022 8:49 PM BY THE MARITIME EXECUTIVE The Federal Maritime Commission is considering invoking its newly granted emergency powers...

Unions are planning an 8-day strike for the port later this month (Felixstowe file photo) PUBLISHED AUG 14, 2022 3:40 PM BY THE MARITIME EXECUTIVE Felixstowe, the UK’s largest container port, is heading for a crippling 8-day strike after mediation talks with...

According to statistics released by China Ports and Harbors Association, container volume at eight major Chinese ports increased 6.1% year-on-year in mid-July Katherine Si | Aug 05, 2022 The rate of growth was fairly consistent with the 5.9% volumes increase seen in...

In further disruption to the supply chain vessels face being forced to divert from the Taiwan Strait as China launches large-scale, live firing military exercises in the key waterway. Marcus Hand | Aug 04, 2022 China began live firing exercises at 12 noon, local time,...

Bulk carrier IRVINE BAY ran aground in Napoli Port area while approaching berth, on arrival from Santana Brazil with cargo of grain, at around 1200 UTC Aug 4. She was refloated with high tide at around 0230 UTC Aug 5 with tugs assistance, and berthed. No damages, no...

Euronav and Teekay execs see post-invasion trade patterns sticking Is the shift in global crude flows due to the Ukraine-Russia war a fleeting event or the start of a new era? At first, many market watchers and investors viewed it as short-lived. It now seems like...

Ocean carriers and some terminal operators have had a run of exceptional earnings, and dockers want a share. PUBLISHED JUL 29, 2022 9:29 PM BY BRIAN GICHERU KINYUA Besides congestion, strikes at major ports in Europe, Asia and North America have become another...

Long-term contracted ocean freight rates in the container market may have peaked, but remain 112% up on-year and 280% up on July 2019. Gary Howard | Jul 28, 2022 Data from container market intelligence outfit Xeneta showed a deceleration in the price rise of long-term...

PUBLISHED JUL 22, 2022 7:44 PM BY THE MARITIME EXECUTIVE Daewoo Shipbuilding & Marine Engineering Co. and the union representing subcontractors reached an agreement at the end of the day on Friday ending a 51-day strike that threatened the financial stability...

PUBLISHED JUL 24, 2022 7:23 PM BY WANDILE SIHLOBO If Russia keeps to the deal it has signed with Ukraine allowing for the resumption of grain exports, much needed relief will be provided to importing countries, including many in Africa. The relief would be...

More diesel flows to Latin America, more crude to Europe At-the-pump prices for gasoline and diesel may be down from all-time peaks but they remain exceptionally high. Meanwhile, as domestic energy resources flow to the highest bidder, more U.S.-produced crude is...

Port congestion in the US has shifted eastwards with more vessels now waiting at New York and Houston ports than Los Angeles and Long Beach. Marcus Hand | Jul 19, 2022 Congestion at US West Coast ports hit the headlines last year as it reached record levels with...

Oslo-based analyst, Rystad Energy, has warned that energy turmoil, caused largely by Russia’s invasion of Ukraine and sanctions that followed, may cause ‘vast demand destruction across industries and consumers’ in Europe. Paul Bartlett | Jul 19, 2022 Despite support...

PUBLISHED JUL 18, 2022 10:49 PM BY THE MARITIME EXECUTIVE To head off the supply-chain impact of a railway strike, U.S. President Joe Biden has established a presidential emergency board to help resolve a labor dispute between Class I rail carriers and their...

The Reni port complex on the Ukrainian side of the Danube. Reni, Izmail and Kiliya now have improved access to the Black Sea (USPA file image) PUBLISHED JUL 11, 2022 2:48 AM BY THE MARITIME EXECUTIVE Ukraine is working to revive long-idled inland ports along the...

The post-Covid demand surge for container shipping appears to have run its course according to Drewry’s port throughput indices. Marcus Hand | Jul 11, 2022 The Drewry Global Port Throughput Index stood at 141.1 points in April 2022 some 1.5% lower than April 2021,...

Long-dwelling containers in the Port of Long Beach now up 9% vs. Oct. 28 he number of container ships waiting off Los Angeles and Long Beach is well off its highs, but the pileup of import containers waiting on Southern California terminal yards is rapidly...

Jul 2 1500 UTC UPDATE: The ship is identified, it’s offshore construction ship FU JING 001. SAR is under way in extremely challenging weather conditions, 3 SAR ships in the area. So far, 3 people were rescued, 27 remain missing. Offshore construction ship, not yet...

Maersk has launched a new feeder service between Port Said, at the northern end of the Suez Canal and Vado Gateway at the Port of Genoa, which will reduce transit times. Michele Labrut | Jul 01, 2022 The first 3,000-teu feeder of this new service will depart from SCCT...