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Container lines set out EU ETS surcharges

Container lines set out EU ETS surcharges

Indications of charges to be levied by Maersk, Hapag-Lloyd, and CMA CGM to cover the costs of the EU Emissions Trading System (EU ETS) have been released this week, with estimates ranging from €7 to €105 per teu. Nick Savvides | Oct 13, 2023 From January the EU...

Panama Canal cuts again daily transits as drought continues

Panama Canal cuts again daily transits as drought continues

The Panama Canal Authority (ACP) has announced it will reduce daily transits to 31 from 32 as a severe drought continues and may last until next year. To avoid delays and ship backlogs, the ACP will also offer a new schedule for the Neopanamax locks and the Panamax...

Cartagena is the largest transhipment hub in the Caribbean

Cartagena is the largest transhipment hub in the Caribbean

The Port of Cartagena Group (SPRC) is Colombia’s main export port, connecting over 840 ports in 140 countries making it the largest hub and most connected port in Latin America and the Caribbean. Michele Labrut | Oct 06, 2023 SPRC operates 3 port facilities...

Panama Canal adjusts freshwater charge

Panama Canal adjusts freshwater charge

The Panama Canal has announced that it will modify the variable component of the Fresh Water Charge (FWC) which will take effect on 1st October. As part of the Canal's efforts to manage the maximum draught available for transit through the Canal, The Panama...

Container freight rates to hit 2016 levels

Container freight rates to hit 2016 levels

Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Nick Savvides | Sep 27, 2023 Asia to Europe rates are already below 2019 levels and there is a real risk...

New fuels, new risks

New fuels, new risks

New fuels, new risks The rise of alternative fuels both for vessel propulsion and as part of cargo such as electric vehicles is resulting in new risks for marine insurers. Marcus Hand | Sep 20, 2023 The emerging risks come against the backdrop of a generally positive...

Container shipping market back in 2019

Container shipping market back in 2019

Alan Murphy, CEO and founder of Copenhagen supply chain analyst Sea Intelligence, has warned of widespread service cancellations on major trade lanes across the Pacific Ocean and between Asia and Europe between now and the end of the year. Paul Bartlett | Sep 22, 2023...

Container line blank sailings surge for Golden Week period

Container line blank sailings surge for Golden Week period

The number of blank sailings by container lines during China’s Golden Week has surged sharply according to analysts Sea-Intelligence. Despite concerns that shipping lines were failing to act ahead of the seasonal lull around the week-long Chinese Golden Week holidays...

Critical years ahead for container shipping

Critical years ahead for container shipping

Increasing congestion at container depots and the end of the 2M alliance in January 2025 could see further supply chain disruption and another shake-up in carrier collaboration and operations. MSC and Maersk announced the break up of their alliance earlier this year,...

ESG Index for shipping launched at LISW

ESG Index for shipping launched at LISW

As shipping companies face mounting pressure to introduce or strengthen their environmental, social, governance (ESG) strategies, a new framework has been developed to assist in this process. Speaking at The Time for Change is Now, a joint WISTA UK and Seatrade...

Containerships largely unaffected by Panama Canal delays

Containerships largely unaffected by Panama Canal delays

The number of vessels waiting to transit the Panama Canal has grown, however, containerships with reservations have seen minimal impact in terms of waiting times. Marcus Hand | Aug 31, 2023 The restrictions on transit numbers and draught put in place by the Panama...

Panama Canal Restrictions Likely to Last for the Next Year

Panama Canal Restrictions Likely to Last for the Next Year

The backlog at the Panama Canal has eased slightly but the drought is likely to mean the restrictions continue for at least the next 10 months (file photo) PUBLISHED AUG 25, 2023 3:44 PM BY THE MARITIME EXECUTIVE Restrictions on the draft of vessels and the...

Transporting people & cargo through space may start in Maine

Transporting people & cargo through space may start in Maine

Green 4 Maine is negotiating with HyperSpace Propulsion to make the former Loring Air Force Base their headquarters for their future SPACESTAR spaceplanes. There must be an easier way to space!” — Richard Lugg, FounderPORTLAND, MAINE, UNITED STATES, August 16,...

Govt decision makers need to value shipping’s key role: UGS

Govt decision makers need to value shipping’s key role: UGS

Be it war, pandemics or other global disruptions, it is shipping that links the world, allowing for the smooth flow of vital goods, and the link that keeps the global economy ticking, declared Union of Greek Shipowners (UGS) President Melina Travlou. David Glass | Aug...

Panama Canal to reduce daily vessel transits due to drought

Panama Canal to reduce daily vessel transits due to drought

The Panama Canal Authority (ACP) has announced it will reduce daily vessel transits due to an ongoing drought and help conserve water. Michele Labrut | Jul 27, 2023 Starting from 30 July 2023, the daily transit capacity of the Panama Canal will be adjusted to an...

Dry bulk shipping market outlook H2 2023

Dry bulk shipping market outlook H2 2023

Any hopes that the dry bulk shipping market would improve in the first half of 2023 have failed to materialise as a bounce back in Chinese demand did not happen as expected. So, what does the second half of the year hold in store? Marcus Hand | Jul 21, 2023 In the...

Armed robbery on the rise in Singapore Strait

Armed robbery on the rise in Singapore Strait

SINGAPORE (ANN/THE STRAITS TIMES) – An Asia sea crime watch group has reported seeing a rise in armed robbery in the Singapore Strait for the first half of 2023, amid a worsened socio-economic situation in the region. There had been 38 incidents in one of the world’s...

Is IMO 2020 shipping regulation worsening global warming?

Is IMO 2020 shipping regulation worsening global warming?

Pollution-reducing regulation may be having negative side effect It is scorching out there. High-temperature records are being broken daily. Oceans off some shores are as hot as bathwater. What is to blame? The list of culprits and possible culprits includes fossil...

China container ports handle 122 million teu in Jan – May

China container ports handle 122 million teu in Jan – May

The ports in China have achieved positive growth both in container and cargo throughput during the first five months of this year. Katherine Si | Jul 03, 2023 From January to May, China’s ports posted a container volume of 122 million teu, an increase of...

Autonomous learners and autonomous ships

Autonomous learners and autonomous ships

Equipping seafarers with better language skills is essential for shipping’s transformation and enables the next generation of maritime leaders, writes Catherine Logie, Director, Direct to Consumer Services, Ocean Technologies Group. Catherine Logie | Jun 30, 2023...

Canadian dockers issue strike notice

Canadian dockers issue strike notice

Members of the International Longshore Workers Union (ILWU) Canada have issued a 72-hour strike notice that that will see industrial action begin around 0800 hrs on 1 July. Nick Savvides | Jun 29, 2023 Unionised dockers voted overwhelmingly for strike action on 9 and...

How could sooner-than-expected Russian defeat impact shipping?

How could sooner-than-expected Russian defeat impact shipping?

Speculation grows on post-Ukraine war scenarios for ocean shipping The situation in Russia and Ukraine — and its potential effect on global trade flows — is changing fast. On Friday, the EU released details on its new sanctions package targeting Russia’s crude exports...

Local News

Cargo connects, Asean express success

Cargo connects, Asean express success

PETALING JAYA (ANN/THE STAR) – The Asean Express, a cargo train connecting Malaysia, Thailand, Laos, and China, has returned to Malaysia after a 14-day journey to Chongqing, China. The train was greeted at its final stop, the Kontena Nasional Inland Clearance Depot...

Port Klang ready to handle backlog diverted from Singapore

Port Klang ready to handle backlog diverted from Singapore

KUALA LUMPUR, July 11 — Port Klang is fully capable and ready to handle the influx of containers and liners redirected to Malaysia to avoid longer wait times in Singapore due to the maritime logjam in the island republic, which includes berth congestion and delays....

Global Shipping Costs, Container Prices Continue to Surge

Global Shipping Costs, Container Prices Continue to Surge

Container xChange released its mid-year container market forecaster, which delves into container price developments in H1 and offers a market outlook for H2. "As we move into July, we're seeing a continued rise in freight rates, container prices, and leasing rates,...

KK Port congestion surcharge increased

KK Port congestion surcharge increased

KOTA KINABALU (July 5): The sudden imposition of port congestion surcharge by shipping companies for containers imported into Kota Kinabalu has incurred the displeasure of the business community. A shipping company has announced an increase of the Kota Kinabalu Port...

JOHOR-SINGAPORE CAUSEWAY AT 100: MOMENTOUS YET MUNDANE

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

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 lacks professionals in quantum computing

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-China JV wins RM209mil Miri Port job

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...