Global News

Container volumes are returning to normal at South Korea's ports after the truck drivers ended their strike (file photo) PUBLISHED DEC 9, 2022 12:36 PM BY THE MARITIME EXECUTIVE Activity at South Korea’s main ports returned to normal on Friday as the striking...

As container shipping spot rates drop to close to 2019 levels on some major trades it does not bode well for carriers renegotiating long-term contracts in the coming months. Marcus Hand | Dec 06, 2022 In particular spot rates the on the Asia – Europe trade have...

PUBLISHED DEC 5, 2022 6:32 PM BY THE MARITIME EXECUTIVE As Russia's oil exports prepare for a hit from new EU sanctions, the petroleum is flowing freely at American loading terminals, which are busier than ever before. The U.S. exported a record 11.8 million...

PUBLISHED DEC 5, 2022 6:42 PM BY THE MARITIME EXECUTIVE Already the busiest container port in the Mediterranean and Spain’s leading Mediterranean port in terms of commercial traffic, Valencia is moving forward on a project valued at more than $1.5 billion to...

The market share of carriers outside of the main alliances on the transpacific is falling back after rising in recent years, according to one analysis. Gary Howard | Nov 04, 2022 Sea-Intelligence noted in a recent analysis that non-alliance carriers accounted for...

PUBLISHED NOV 6, 2022 6:47 PM BY CHINA DIALOGUE OCEAN [By Jack Lo Lau] Almost a year ago, Sandor Mulsow told China Dialogue Ocean that the body charged with both protecting the international seabed and developing rules to govern its exploitation,...

PUBLISHED NOV 4, 2022 2:43 PM BY THE MARITIME EXECUTIVE The United States concluded a multi-year investigation and prosecution of shipping companies operating in the Caribbean with the sentencing of New York-based Ionian Management for violations dating back to...

Container spot freight rates between China and Los Angeles have dropped to pre-pandemic peak season levels, but the rate of decline is seen as slowing. Marcus Hand | Oct 26, 2022 Shifl’s forwarder drive container spot freight index Shifex for forty-foot boxes from...

Phytoplankton can grow explosively over a few days or weeks. Ocean fertilization is designed to supercharge that process to capture carbon dioxide, but it can have harmful affects for other marine life. Robert Simmon and Jesse Allen/NOAA/MODIS PUBLISHED OCT 30,...

Hydrotug 1 is completing outfitting and trials before deployment in 2023 (Port of Ostend) PUBLISHED OCT 28, 2022 7:28 PM BY THE MARITIME EXECUTIVE The world’s first hydrogen-powered tugboat arrived in Belgium on October 27 after completing construction in Spain....

Workers at the Port of Liverpool’s container operation have begun another two-week strike after pay discussions broke down. Gary Howard | Oct 24, 2022 Peel Ports, owner of Port of Liverpool, claimed that Unite the union had rejected an 11% pay offer, the highest...

September inbound container volumes across the top 10 US box ports dropped by their fastest level in 27 months. Gary Howard | Oct 20, 2022 According to the latest McCown report, inbound volumes dropped by 5.5% in September, a level not seen since the early stages of...

The Government of India has approved the construction of two new terminals in Deendayal Port, Kandla. One of the terminals is a multipurpose berth and the other is a container terminal. The two terminals will equip Deendayal port for handling Next...

PUBLISHED OCT 24, 2022 5:02 PM BY THE MARITIME EXECUTIVE The UN Joint Coordination Centre (JCC) for the Black Sea Grain Initiative says that the vessel backlog that affected the program is back, and more challenging than ever. Though the program is operating...

Carriers continue their attempts at managing service capacity to support freight rates as volumes fall and congestion eases. Gary Howard | Oct 14, 2022 Drewry noted 64 cancelled sailings across the transpacific, transatlantic and Asia-North Europe & Med trades for...

Posted in Ports by Raghib Raza on Oct 13, 2022 at 04:57. The Port of Rotterdam and Spanish oil group Cespa have signed a Memorandum of Understanding (MoU) to establish the first green hydrogen corridor between Southern and Northern Europe. The trade lane is expected...

The second strike at Liverpool is still running while a third strike was scheduled to start October 24 (Unite) PUBLISHED OCT 14, 2022 4:15 PM BY THE MARITIME EXECUTIVE The labor disputes at two of the UK’s largest ports show no signs of progress as fears continue...

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...