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California to Start Phase Out All Diesel Trucks at Ports Next Year
The California Air Resources Board (CARB) approved on April 28 a first-of-its-kind rule that requires a phased transition toward zero-emission medium-and-heavy duty vehicles. Known as Advanced Clean Fleets, the new rule expands on California’s efforts to fully...
Trans-Atlantic shipping rates keep sinking as imports from Europe fall
Building material imports, which previously supported freight rates, are down The trans-Atlantic westbound trade has been a star performer for container lines over the past year, a bright spot amid a global slide. Europe-to-U.S. rates have been an outlier, staying far...
Spot container freight rates on the rise
Spot container rates would seem to be turning a corner with key indexes starting to rise after the collapse seen over the previous year. Both Drewry’s World Container Index (WCI) and the Shanghai Containerized Freight Index (SCFI) posted rises this week. SCFI rose...
Singapore, Los Angeles, and Long Beach Agree to Green Corridor
The ports of Singapore, Los Angeles, and Long Beach became the latest to join the growing list of port authorities committing to the formation of green corridors in the support of the UN initiative and the efforts to achieve global decarbonization. The latest...
As Asia-US shipping rates rise, so does skepticism on staying power
Linerlytica says May 1 rate hikes delayed due to weak demand Container lines have used general rate increases (GRIs) to forcibly push up Asia-U.S. spot rates, yet there’s widespread skepticism on rates’ staying power given the gravitational pull of weak demand....
Starlink making waves in maritime – fast growing interest from major shipping companies
Elon Musk’s Starlink satellite communications service is attracting a growing list leading names in the maritime world. This week saw announcements by Columbia Ship Management (CSM) and Costamare as the latest companies to trial the service provided provided by a...
Reshaping the Future of Logistics: An Outlook on Warehousing Automation Trends
Despite an expected slowing pace of automation in 2023, the forecast is for stronger growth through 2027. According to Interact Analysis’ Warehouse Automation – 2022 report, between 2024 and 2027, the market is forecast to grow at a 19% CAGR, driven by improving...
Los Angeles and Long Beach Port Shutdown Sparks Fears of Retailer Exodus
The port of LOS ANGELES and LONG BEACH shut down for 24 hours from April 6th to 7th due to a mass absence of the majority of workers. The Labor Union and their employers at these ports had been involved in strained negotiations for months. On the...
China-Russia vs. US-EU: How global shipping is slowly splitting in two
Taiwan tensions are latest flash point; geopolitics is reshaping trade Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait. Last summer’s meeting between Taiwan President Tsai Ing-wen and Nancy...
Union Workers Skip Shifts Closing Ports of Long Beach and Los Angeles
Crane operators and drivers of cargo-handling equipment failed to show up for work starting with Thursday, April 6, evening shift effectively bringing the ports of Los Angeles and Long Beach to a standstill. Neither the Pacific Maritime Association, which represents...
$34.7bn container line profits mark second straight quarterly decline
The major container lines recorded profits of $34.7bn in the fourth quarter 2022 and are on track for an 80% drop in 2023 profits. Consolidating the results of the sector, Blue Alpha Capital’s John McCown saw a 33.9% drop in profits compared to the year-ago quarter,...
UK’s logistics sector positive on Trans-Pacific Partnership trade deal
The UK’s freight and logistics sector has welcomed news that the UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal although they say it won’t be a “game changer”. The CPTPP covers 500m people across Australia,...
Supply Chain Trends in 2023
After three years of crisis, the data show that supply chain conditions are improving. That will allow supply chain leaders in 2023 to resurrect initiatives that may have been sidelined — including data and digitalization programs and sustainability efforts. ...
Container cranes lag container ships by a generation
Shoreside infrastructure continues to suffer diseconomies of scale as container ships grow, adding a column per generation. Speaking at CMA Shipping 2023 last week, Shmuel Yahalom, Ph.D., Distinguished Service Professor of Economics and Transportation at SUNY Maritime...
Contract box rates likely to dip as US negotiation season approaches
Oslo-based analyst, Xeneta, expects shippers to hold the whip hand when this year’s long-term container contract negotiations gather pace through April and May. Latest figures from Xeneta show that global long-term ocean rates have fallen by 24% since their August...
Port of Montreal to Implement AI System to Reduce Vessels’ Carbon Footprint
Montreal Port Authority and Global Spatial Technology Solutions (GSTS) have announced a new project aimed at reducing the carbon footprint of vessels. The project, named the "digital corridor", uses artificial intelligence (AI) and is based on the OCIANATM modular...
Massive Strike in Germany Forces Closure of Hamburg Port
A strike organized by public employees has forced the Port of HAMBURG to close down for more than 48 hours. As the port is the second busiest in Europe, port officials have started to limit vessel movement on the Elbe and have closed the port for all...
Study: Maritime Chokepoints Could Contribute to CO2 Reduction
As shipping examines multiple scenarios to limit its GHG (greenhouse gas) emissions, vessel speed reduction is a low hanging fruit in shipping’s decarbonization journey. This is based on the observation that inefficiencies caused by some key choke points in...
What Do You Do if a Hacker Takes Control of Your Ship?
You stand on the bridge and the course is seen digitally. Still, why does the ship continue to turn west? On the computer screens in the dark wheelhouse, everything looks normal - but outside the window, the land comes dangerously close! What is happening? Down in the...
Top bunkering markets – Singapore over three times larger than nearest rival
Singapore tops the rankings for bunker volumes sold with over a third of the global market among the world’s top 17 bunkering destinations last year. Total bunker output last year for the top 17 supply countries and regions was just under 141 million tonnes (mt),...
MSC Takes Delivery of World’s Largest Container Vessel
MSC took delivery of the Ultra Large Container Vessel, the MSC TESSA, at the Changxing Shipbuilding Base in Shanghai. The vessel is estimated to have cost MSC $600 million. The manufacturer claims that MSC TESSA is the world's largest...
First Automated High-Bay Storage System to be Installed at Korean Port
South Korean terminal will employ the first commercial-scale application of the automated high-bay storage system (BOXBAY) PUBLISHED MAR 10, 2023 9:08 PM BY THE MARITIME EXECUTIVE South Korean terminal will employ the first commercial-scale application of the...
FOCUS ON PANAMA
Panama Canal implements ‘disruption charge’ An incident in the Panama Canal could prove costly as the Panama Canal Authority (ACP) implements a ‘disruption charge’ for vessels causing delays and operational difficulties to the critical waterway. The disruption charge...
Retailers See Slow TEU Volume Climb After Positive January Trade Data
PUBLISHED MAR 10, 2023 12:20 PM BY THE MARITIME EXECUTIVE A positive tick-up in trade numbers for January 2023 reported by the U.S. government on Wednesday followed by a forecast for a slow climb back for U.S. retail imports created the first glimmer of hope for...
UK Ports Group ABP Commits $2.4B for Net Zero Transition
The UK’s leading ports group, Associated British Ports (ABP), has unveiled an ambitious $2.4 billion green growth and sustainability plan that is designed to decarbonize operations by 2040. The organization highlights that its plan will also significantly contribute...
China likely to dominate 2023 oil demand growth: MSI
Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to Maritime Strategies International (MSI). In its most recent Horizon report, however, the analysts...
Container lines still chartering ships despite drop in cargo demand
GSL, MPC say lessors of smaller ships best positioned to weather storm With import demand flagging, freight rates falling, the container ship orderbook at record highs and ocean carriers canceling voyages, you might think nobody would be chartering more...
Hamburg Gets More Big Ships but Geopolitics/Economy Drive Volume Down
Hamburg is receiving more big containers but volumes were down overall in 2022 (HHA) PUBLISHED FEB 21, 2023 8:29 PM BY THE MARITIME EXECUTIVE The Port of Hamburg, traditionally one of the busiest in the world, experienced a decline in volumes in nearly all...
Hong Kong investing $2.5m to promote maritime services sector
The Hong Kong government has allocated HK$20m ($2.5m) in its 2023 – 24 budget to promote the high-end maritime service industry sector. Marcus Hand | Feb 23, 2023 In his budget speech on Wednesday Hong Kong Financial Secretary Paul Chan said with Hong Kong’s...
Freight forwarders spend 80% of their time fixing problems
Freight forwarders and NVOCCs spend up to 80% of their time manually solving problems with low-tech container operations processes, according to one logistics platform. Gary Howard | Feb 21, 2023 Speaking to Seatrade Maritime News for the Seatrade Maritime Podcast,...
Container price war underway, contract rates plummeting
The gulf between contract and spot container freight rates has narrowed rapidly, and lines appear to be slashing prices rather than capacity. Gary Howard | Feb 16, 2023 The latest market updates from market intelligence platform Xeneta and analyst Sea-Intelligence...
Container lines commit to 100% electronic bill of lading adoption by 2030
Members of the Digital Container Shipping Association (DCSA), including some of the world’s largest container lines, have committed to fully adopting electronic bills of lading (EBL) by 2030. Gary Howard | Feb 15, 2023 DCSA said its nine container line members...
Does it Make Sense to Have a National Emergency Towing Fleet?
Different nations take different approaches to emergency towing response services Two national response vessels in action: Abeille Liberte, foreground, and Anglian Princess, background. The UK has since retired its emergency response tug fleet (Marine Nationale file...
Slow Start to 2023 Volumes in Long Beach Due to Economy and Labor
Port of Long Beach started 2023 with its third consecutive month below 600,000 TEU (Port of Long Beach) PUBLISHED FEB 13, 2023 7:46 PM BY THE MARITIME EXECUTIVE Container volume at the Port of Long Beach is off to a slow start in 2023 as port officials continue...
Asian shipping lines are reporting steep revenue declines
Income plunges for OOCL, Evergreen, Yang Ming, Wan Hai New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the first month of this year. Orient Overseas...
Why ESG Matters for the Decarbonization of Shipping
The Potential for ESG Strategies in Shipping’s Decarbonization With shipping companies making ambitious investments in decarbonization, the debate around creation of robust ESG (Environmental, Social, and Governance) strategies for the industry has become imperative....
Top four cold chain growth drivers in 2023
Stakeholders throughout the supply chain understand 2023 will not be like any other year—and this is especially true for the cold chain, both in terms of challenges and opportunities. Greg Tuthill, CCO, SeaCube Containers | Feb 10, 2023 Offering reliability and...
Ningbo-Zhoushan port retains world’s busiest cargo handling crown
China’s Ningbo-Zhoushan port handled over 1.25bn tonnes cargo in 2022, keeping the number one spot globally for a 14th consecutive year. Container volume at Ningbo-Zhoushan port was 33.35m teu, ranking the third globally following Shanghai and Singapore. As the...
Seaports Are the Key to Making Green Hydrogen Cost Competitive
Illustration of Shell's future Holland Hydrogen 1 electrolyzer plant at Port of Rotterdam (Shell) PUBLISHED FEB 5, 2023 8:56 PM BY BRIAN GICHERU KINYUA As the world strives for a net zero emissions future by 2050, hydrogen has attracted considerable attention in...
Just how big are the global container shipping alliances?
Top 9 carriers control 83% of capacity, but the 3 alliances control only 39% The world’s top two container lines — Switzerland’s MSC and Denmark’s Maersk — have cooperated since 2015 in the 2M alliance, a partnership they will end in 2025. Because MSC and...
Maersk to kill off Hamburg Süd and Sealand brands
Maersk plans to retire the brands of 152-year old Hamburg Süd and containerisation pioneer Sealand. Gary Howard | Jan 27, 2023 The integration of Maersk-owned brands is part of a strategy to unify Maersk’s structure, remove internal barriers within the organisation...
Europe to Asia reefer rates slide
Freight rates on the Europe to Asia trades have begun to follow the wider container market down after a period of resistance. Gary Howard | Jan 26, 2023 According to a market update from freight rate benchmarking firm Xeneta, spot and log-term freight rates are...
Engines Driven by Sound Waves for Bottom-Cycle Maritime Application
PUBLISHED JAN 29, 2023 7:55 PM BY HARRY VALENTINE Thermoacoustic engines are based on tubes that convert heat into resonant sound waves, which in turn drive pistons inside cylinders. A discovery from several hundred years ago involved the bottom end of a...
FMC Reports Increase in D&D Claims as Carrier Rulemaking Proceeds
FMC continues to focus on carriers with rulemaking as D&D complaints increased PUBLISHED JAN 25, 2023 6:46 PM BY THE MARITIME EXECUTIVE The Federal Maritime Commission is reporting that it has received a strong response to the proposed rulemaking for key...
US supply chain congestion eases, carriers seek cargo
As 2023 begins, many participants in the cargo supply chains are breathing a little easier than they were a year ago as inventory buildups have backed down, and landside congestion has eased. Barry Parker | Jan 25, 2023 A very visible indicator, the green vessel icons...
Container shipping shake-up: Maersk, MSC terminating 2M in 2025
World’s two largest shipping lines call it quits on the world’s largest alliance The global container shipping network is poised for a major shake-up. The 2M vessel-sharing alliance between MSC and Maersk — the world’s two largest ocean carriers — is being dissolved....
South Korea’s First Smart, Electric Ship Begins Service
Ulsan Taehwa is a dual-fuel, battery powered demonstration ship built by Hyundai (HHI) PUBLISHED JAN 13, 2023 6:45 PM BY THE MARITIME EXECUTIVE Hyundai Heavy Industries recently commissioned South Korea’s first large next-generation electric propulsion ship which...
Offshore market dayrates hit 8-year high in 2022
Dayrates for rigs, OSVs and subsea support vessels hit their highest levels since 2014 last year, according to Clarksons. Gary Howard | Jan 13, 2023 In its review of its full-year data for 2022, Clarksons Research said its Clarksons Offshore Dayrate Index was up 32%...
Flat spot rate, high blank sailings a bad omen for container lines
While spot container freight rates have stopped plunging in recent weeks, but there is little for lines to cheer about as they blank large numbers of Asia – US West Coast services ahead on Chinese New Year. Marcus Hand | Jan 13, 2023 Analyst Drewry’s World Container...
Study: Urban Light Pollution is a Danger for Marine Ecosystems
Shanghai's harbor skyline at night PUBLISHED JAN 6, 2023 3:01 PM BY THE CONVERSATION [By Tim Smyth] Cities are artificially lit to allow humans to make use of the night. This light pollution means that stars are often barely visible in urban skies. But reduced...
Local News
Malaysia moving to join BRICS PM
Kuala Lumpur has made its decision, Anwar Ibrahim has said Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Prime Minister Anwar Ibrahim has said. The 77-year-old leader of the Southeast Asian nation mentioned the...
East and Southeast Asian Ports Dominate 2023 Global Container Port Performance Index
The latest edition of the Global Container Port Performance Index (CPPI) shows East and Southeast Asian ports leading the pack in 2023, with 13 out of the top 20 spots. The fourth iteration of the CPPI, developed by the World Bank and S&P Global Market...
Anthony Loke to lead delegation to China for 50th anniversary of diplomatic relations
KUALA LUMPUR, June 5 — Transport Minister Anthony Loke is leading a delegation to visit Hong Kong and China from June 6 to 9 in conjunction with the 50th anniversary of establishing diplomatic relations between Malaysia and China. He will attend the Official 50th...
Malaysia aims to showcase 40 5G private network use cases
The government of Malaysia said there are currently 12 enterprise projects involving 5G trials across various sectors Malaysia plans to present at least 40 5G private network use cases in sectors such as manufacturing, oil and gas, logistics and healthcare, ahead of...
Malaysia cuts diesel subsidies, with hopes that handouts will cushion inflation impact
KUALA LUMPUR – Malaysia will cut diesel subsidies and float retail prices to the market rate of RM3.35 per litre, an increase of about 55 per cent from RM2.15, starting from June 10. The move, however, will not have much impact on the country’s inflation rate –...
As shipping supply chains are interrupted by wars, how is Southeast Asia faring?
D isruptions to shipping supply chains are being felt globally due to the conflict in Gaza and related attacks on ships by Houthi militias, as well as Russia’s invasion of Ukraine, but they are not the only tension points stressing global sea lanes. Southeast Asian...
Transport Ministry: Cable-laying ships exempted from cabotage policy starting June 1
UALA LUMPUR, May 30 ― Starting June 1, all cable-laying ships engaged in the installation, maintenance and repair of submarine telecommunication cables landed at any submarine cable landing centre in Malaysian waters are exempt from the cabotage policy. The Transport...
Johor-Singapore SEZ: Pengerang’s potential as hub for ‘spillover’ business renews optimism for area’s development
KOTA TINGGI, Johor: Tucked away in the southeastern tip of peninsular Malaysia is a large swathe of land with rows upon rows of oil storage tanks and cooling towers with dark smoke billowing from above. The Pengerang Integrated Petroleum Complex (PIPC) - which...
Diesel subsidy rationalisation due to 10-fold increase in cost to Malaysian government: finance minister II
The decision to rationalise diesel fuel subsidy in Malaysia was due to the cost to the government, which had increased by 10 times in just five years, The Star reported. The Malaysian government had paid RM14.3 billion in diesel subsidy last year,...
Malaysia finally reinstates cabotage exemption for undersea cable repair ships
Malaysia has finally reinstated the cabotage policy exemption for foreign ships to conduct laying, maintenance and repairs of submarine telecommunication cables in Malaysian waters effective 1st June 2024. This comes after Transport Minister Anthony Loke announced in...
Sarawak says exploring proposal to establish state transport authority
KUCHING, May 25 — Sarawak’s Ministry of Transport is exploring a proposal to establish a Sarawak Transport Authority to manage and operate the entire transportation sector in the state, its minister Datuk Seri Lee Kim Shin said today. He said this holistic approach...
Port of Tanjung Pelepas inks deals for 11 ULCV capacity quay cranes
Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals in Malaysia, has signed an agreement with Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) for the purchase of five ultra large container vessel (ULCV) Quay Cranes. This...
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits to avoid the Red Sea, and bad weather in...
Northport receives the largest ever container vessel to berth at its terminal
Northport (Malaysia) Bhd (“Northport”), a member of MMC Group, celebrated a historic milestone as it welcomed MV OOCL Japan on 20 May 2024, the largest ever container vessel to berth at its facilities. Owned by Orient Overseas Container Line (“OOCL”) Limited, MV OOCL...
Dry days coming with south-west monsoon, possible water shortages, says Zahid
PETALING JAYA: The incoming south-west monsoon is expected to bring back hot and dry weather with water shortages a possibility, says Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister and National Disaster Management Committee (Nadma) chairman said in a...
PM Anwar: Malaysia, Uzbekistan to transform joint committee on trade into joint commission
TASHKENT, May 17 — Malaysia and Uzbekistan have agreed to activate the work of the intergovernmental Joint Committee on Trade and transform the committee into the Intergovernmental Joint Commission. In a joint statement today, Prime Minister Datuk Seri Anwar Ibrahim...
Transport minister: Official HSR project discussions only after Cabinet approval
PUTRAJAYA, May 17 ― Any official discussion with Singapore on the Kuala Lumpur-Singapore High Speed Rail (HSR) will only be held after obtaining approval from the Cabinet, Transport Minister Anthony Loke said. He added that the working paper on the suggested project...
Insights into Malaysia’s Standing in the 2024 Emerging Asia Manufacturing Index
The Malaysian state of Selangor is positioning itself to be the gateway to business in Southeast Asia, as the region aims to become the fourth-largest economy by 2030. The Association of Southeast Asian Nations (Asean), which currently trails the economies of the US,...
Saifuddin Nasution: Home Ministry signs 14 contracts with local firms worth over RM2b
KUALA LUMPUR, May 8 — The Home Ministry (KDN) has inked 14 contracts with local companies valued at RM2.156 billion in conjunction with the Defence Services Asia (DSA) Exhibition & Conference 2024 and National Security (Natsec) Asia 2024. Home Minister Datuk Seri...
Iran is using Malaysian providers to move sanctioned oil
ran’s capacity to transport its oil is reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official told Reuters on Tuesday. The US Treasury is scrutinising the financing...