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Driver shortages and rising costs make the UK a tough market, says DSV chief
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...
San Pedro ports to surcharge carriers for extended cargo dwell times
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 opens mega-port storage early to ease container bottlenecks
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...
PIL launching new service for China and Gulf areas
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...
Bunker surcharges resurface – ‘justified by oil price spike’, say carriers
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...
Zim Kingston vessel fire was caused by container collapse
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 places ZPMC order, establishes strategic alliance
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 makes changes to WCSA services to/from Northern Europe
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 buys seven secondhand boxships for $320m
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...
Exporters snap-up capacity as CargoGulf targets stranded freight for Asia
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 Unilver among shippers make 2040 zero carbon shipping pledge
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...
President Biden challenges private sector to tackle supply chain logjams
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...
Missing port calls improves liner scheduling, but still delays final cargo delivery
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...
‘It’s a crazy market out there’ – shipping contract rates jump by 90%
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...
Complaints spark US FMC probe into shipping line bill of lading issues
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...
Local News
Singapore Endures More Port Delays as 90% of Container Ships Arrive Late
Congestion at the Port of Singapore has gotten so bad that 90 percent of container ships are arriving at the site later than scheduled, Singapore’s transport minister Chee Hong Tat told the country’s parliament on Tuesday. According to Chee, 77 percent...
SKDS Subsidised Diesel Control System 2.0 – subsidy refund applications open July 1, says finance ministry
The Malaysian government will begin accepting applications for subsidy refunds for recipients of the subsidised diesel control system 2.0 (SKDS 2.0) from July 1, the ministry of finance has announced. The SKDS 2.0 subsidy facility is offered exclusively...
Transport minister announces RM10m allocation to boost seafarer skills and knowledge
GEORGE TOWN, June 29 — The government, through the Skill Development Fund Corporation (PTPK), is allocating RM10 million this year for seafarers to improve their knowledge and skills, said Transport Minister Anthony Loke Siew Fook. He said this reflected the...
JOHOR-SINGAPORE CAUSEWAY AT 100: MOMENTOUS YET MUNDANE
he land connection that links Singapore to Johor is now one hundred years old. The Causeway has had an eventful century, as it witnessed the passing of the steamship era, survived the travails of World War II, and accompanied both Malaysia and Singapore to...
Malaysia seizes 106 illegal e-waste containers
KUALA LUMPUR: Malaysia has seized 106 containers of dangerous electronic waste over the last three months and busted an illegal waste import syndicate after a tip-off from a watchdog group, a minister said. Tens of millions of tons of e-waste are produced globally...
Malaysia’s Johor starts coastal clean-up following reported spread from Singapore oil spill
INGAPORE: Johor has started coastal clean-ups and activated coastal patrols and monitoring activities in Kota Tinggi district following an oil spill in Singapore last week that released around 400 tones of fuel into the sea. Clean-ups began on Friday (Jun 21) morning...
Anthony Loke says robust maritime industry will boost Malaysia’s economic growth, security
KUALA LUMPUR, June 22 — A robust maritime industry not only bolsters economic growth but will ensure Malaysia’s ability to protect its interests and respond effectively to emergencies, said Transport Minister Anthony Loke. He said that emphasising and expanding the...
Malaysia lacks professionals in quantum computing
KUALA LUMPUR: Challenges such as high costs, specialised maintenance requirements, limited local infrastructure, and a shortage of skilled professionals in quantum computing are holding Malaysia back. Nanotechnologist and Asia Pacific University of Technology and...
Malaysia To Construct Its First AI-Driven Container Port on West Coast
Malaysia is set to construct a state-of-the-art container port along the west coast of the Malay Peninsula, facing the busy Strait of Malacca. Valued at an estimated $425 million, this new port will incorporate artificial intelligence (AI) to enhance operational...
Malaysia-China JV wins RM209mil Miri Port job
KUCHING: A joint venture (JV) between Malaysian and Chinese companies has been awarded a RM208.9mil contract to dredge the access shipping channel to Miri Port terminal and construct training bunds in the Batang Baram Delta. Rimbun Prima Sdn Bhd and China...
Malaysia welcomes US firms, not sanctions, amid chips push. ‘We have an edge’: Anwar
Let the US impose all the unilateral sanctions it wants in its tech war with China, ‘we are free to do what we like’, Malaysia’s PM says Malaysia will not abide by US tech sanctions on China if it involves companies that do not come under Washington’s...
3 factors causing prolonged congestion at Singapore’s port
Global congestion raised container prices in Singapore by 26% since October. Congestion at the Port of Singapore will persist through June and possibly beyond due to three key factors, including the country’s increased container throughput. Data from Germany-based...
Malaysia to build port near Kuala Lumpur amid supply chain shift
KUALA LUMPUR -- Malaysia will build a new container port along the western coast of the Malay Peninsula facing the Malacca Strait, one of the world's busiest sea lanes, as the country prepares to capture logistics demand created by global supply chain shifts. The...
Malaysia’s diesel subsidy removal fuels inflation fears
The government will save billions of ringgit every year. But what about worried restaurants, tour bus operators and others? Fears are mounting in Malaysia that everything from eating out to domestic holidays will become more expensive as the cost of an...
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...