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...

Pacific International Lines (PIL) announced the launch of a new weekly direct service connecting Central and South China to the Gulf area in the Middle East. Katherine Si | Oct 26, 2021 Effective from 23 November 2021, this new service - Gulf China...

As oil prices spike to multi-year highs of $80 a barrel, ocean carriers are preparing to dust off their bunker surcharge mechanisms to mitigate the impact. Although several carriers, including CMA CGM and Hapag-Lloyd, have capped further FAK rate increases, surcharges...

A fire which broke out aboard the Zim Kingston was caused by a container collapse that damaged boxes containing dangerous cargo, a spokesperson for vessel owner Danaos Shipping confirmed today. The 4,253 teu vessel, on charter from the Greek owner, was at an...

APM Terminals and Shanghai Zhenhua Heavy Industries (ZPMC) signed a large equipment purchasing order and formed a strategic alliance to focus on automation. Katherine Si | Oct 25, 2021 To have more access to adequate, state-of-the-art automated...

Maersk announced major changes to its connecting services between the West Coast of South America (WCSA), the Caribbean and Central America to/from Northern Europe that will take effect from January 2022. Michele Labrut | Oct 25, 2021 This includes the closure of...

ZIM has acquired seven containerships of between 12 and 14 years old for $320m since the start of October. Marcus Hand | Oct 22, 2021 The vessels purchased are five traditional panamax sized 4,250 teu boxships and two 1,100 teu. The prices of secondhand...

Correction:  The Loadstar wishes to make some corrections to the article below that appeared in Tuesday’s edition: Contrary to the article, The Loadstar wishes to make it clear that CargoGulf is not the operator of the panamax vessel Guenther...

Amazon, IKEA, and Unilever, are among nine major shippers that have united in a new coalition with an ambition for zero carbon shipping by 2040. Marcus Hand | Oct 20, 2021 The Cargo Owners for Zero Emission Vessels (coZEV) coalition brings together Amazon, Brooks...

US president Joe Biden has hailed a new 24-hour working system, which he says will help to shift bottlenecks in US supply chains bringing products to market for Christmas. But some industry observers do not share his optimism, believing the shift cannot be made so...

Asia-North Europe ships are taking up to 54 extra days to complete round-trip voyages, due to chronic port congestion at their European hub ports. According to an Alphaliner survey, based on current schedule delays on the services, at least 44 extra ships of...

With container spot rates from Asia appearing to have reached a plateau as China begins its Golden Week holiday, the attention has turned to contract rate inflation which, according to Xeneta’s XSI index, is showing a 91% year-on-year gain. The September edition of...

Maritime regulator the Federal Maritime Commission (FMC) yesterday launched a probe into claims that shipping lines serving the US “may be attempting to hold companies financially responsible for transport services they did not contract for and may not legally be...