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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...
Fighting in Gaza Could Lead to Shipping Disruption in Strait of Hormuz
As suspicion grows of Iranian involvement in the planning of the terrorist attacks in Israel last weekend, analysts are turning their attention to the potential for the conflict to spread to the Persian Gulf and the Strait of Hormuz, the world's most important...
War in Israel: The new geopolitical flashpoint for ocean shipping
Wars and pandemics — geopolitical and global health crises causing widespread suffering and death — have the side effect of hiking profits in certain industries. Wars inflate returns for defense contractors. The pandemic was a bonanza for certain pharmaceutical...
Rotterdam Reduced Port Fees for Early Adopters of Future Sustainable Fuels
The Port of Rotterdam announced it will begin offering a substantial port fee reduction for ships that bunker sustainable fuels as part of its efforts to support the early adoption of new green fuels including methanol and in the future ammonia. The effort is ahead of...
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
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...
ITF recovers nearly $120 million in unpaid seafarer wages over 3 years
The International Transport Workers Federation (ITF) recovered some $36 million in unpaid wages to seafarers in 2022, a figure very similar to the previous year. Publishing figures on World Maritime Day the ITF said it had recovered $118.5 million in wages to...
Surge in Chinese Trade Leads to Pileup of Empty Containers in Russia
Russia's trade with the West has plummeted since the invasion of Ukraine and the imposition of sanctions, and it has quickly substituted commerce with China instead. That exchange, however, is not evenly balanced - and it is resulting in a steady accumulation of empty...
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
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...
Container shipping has a Europe problem and it’s getting worse
With all the attention on U.S. consumers and inventory levels, Europe’s importance to shipping lines can get lost in the shuffle. The Asia-Europe trade is pivotal to container shipping operators — and this trade is now under severe pressure. Judah Levine, head of...
Trouble ahead: Container shipping rates sinking further into the red
Trans-Pacific spot rates have fallen by double digits over past month It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates “continue to lose...
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
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
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
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
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...
Shipping needs 40% of global zero carbon fuels to meet 2030 target
In its latest research into the energy transition DNV estimates that between 44 and 62 million tonnes of oil equivalent (Mtoe) production will be produced by 2030 with an estimated demand for carbon neutral fuels of 17 Mtoe by that date. Highlighting the challenges...
Vessels turned away from Brazil’s Port of Santos due to congestion
BTP was reported to have been unable to receive two scheduled container ships for operation last week. BTP is a joint venture between APM Terminals, part of AP Moller Maersk, and MSC’s Terminal Investment’s Ltd (TIL). Both vessels attempted to divert to the other two...
Capital Gas Ship Management Orders Two Very Large Ammonia Carriers
Capital Gas Ship Management Corp. announces the order for the world's first two 88,000 CBM (?) very-large ammonia carriers (VLAC) with KSOE. The innovative vessels will be constructed at HD Hyundai Heavy Industries in Ulsan and are scheduled to be delivered by the...
Industry unites over battle against invasive species in cargoes
Shipping lines, shippers, and governments are working together to combat the global issue of pests carried in containers and bulk cargoes that can cause billions of dollars in crop damage. Nick Savvides | Aug 25, 2023 The spread of invasive species via the...
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...
Port of LA container volume improvement stalls in July with 27% drop
The improvement in volumes at the Port of Los Angeles came to abrupt end in July. Marcus Hand | Aug 24, 2023 An improving trend in monthly volumes at the Port of LA which had seen June volumes down just 5% year-on-year, compared to a 43% drop in February, has not...
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...
As Japan Begins Releasing Water From Fukushima, Should We be Concerned?
PUBLISHED AUG 27, 2023 3:46 PM BY EDMOND SANGANYADO Japan’s decision to release water from the Fukushima nuclear power plant has been greeted with horror by the local fishing industry as well as China and several Pacific Island states....
Shandong Port Group creating port cluster of over 40 million teu
Shandong Port Group (SPG) is to accelerate efforts to establish a world-class port cluster in the Chinese province. Michele Labrut | Aug 23, 2023 “Currently, a coastal port cluster has formed in Shandong, with Qingdao Port as the leader and Rizhao Port and...
Ports Without the Right Infrastructure Need a New Shore Power Solution
PUBLISHED AUG 20, 2023 8:49 PM BY ROBERT SCHLUTER There's a growing demand for shoreside power, but many ports lack the electrical infrastructure to support traditional systems. A new solution is required. A series of global supply chain shocks have tested the...
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,...
Taiwan inaugurates first automated container terminal at Kaohsiung port
The seventh Taiwanese container terminal - jointly developed by Taiwan International Ports Corporation and the shipping line Evergreen Marine Corporation – has been officially inaugurated at the port of Kaohsiung. Katherine Si | Aug 15, 2023 With a depth...
Shipping Industry Joins Relief Efforts for Maui Delivering Supplies
PUBLISHED AUG 11, 2023 5:29 PM BY THE MARITIME EXECUTIVE The shipping community is joining in to provide relief and support after the devastating fires swept parts of the island of Maui this week. Even before the fires have been fully extinguished, the industry...
Road Freight Transportation Market Is Thriving Worldwide During The Forecast Period 2023-2030
PUNE, MAHARASHTRA, INDIA, August 11, 2023/EINPresswire.com/ -- "Road Freight Transportation Market" [2023-2030] Research Report Analysis and Outlook Insights | Latest Updated Report | The Road Freight Transportation Market is segmented into Regions, Applications...
Russian Warship Fires Shots to Stop Neutral Merchant Ship: Kremlin
PUBLISHED AUG 13, 2023 7:40 PM BY THE MARITIME EXECUTIVE In a step change for the escalating war risk for shipping in the Black Sea, a Russian patrol ship has fired upon and boarded a foreign-flagged ship on the route from the Bosporus to the Danube, according to...
New Tech Makes Maritime Domain Awareness Affordable for Small Nations
PUBLISHED AUG 6, 2023 4:50 PM BY THE STRATEGIST [By David Brewster] Understanding what’s happening in the maritime domain, known as maritime domain awareness or MDA, is an essential element for any country that wishes to govern its maritime zones. But in the...
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’s Limits Force New “Largest” Boxship to Offload Before Transit
Ever Max became the largest capacity containership to transit the Panama Canal on August 1 but was required to offload boxes due to the draft restrictions (AMP) PUBLISHED AUG 2, 2023 6:11 PM BY THE MARITIME EXECUTIVE The transit of the new containership Ever...
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...
China Launches First 700 TEU Electric Containership for Yangtze Service
PUBLISHED JUL 28, 2023 4:06 PM BY THE MARITIME EXECUTIVE China completed the float out of its first 700 TEU pure power containership. The vessel, which is being built for COSCO Shipping Heavy Industry, is part of an effort to use electric-powered vessels...
Four Companies in Shipping and Logistics Emerge as Bidders for HMM
PUBLISHED JUL 26, 2023 3:55 PM BY THE MARITIME EXECUTIVE Four bidders have emerged as potential buyers from HMM as the first round of the process begins in South Korea. Media reports are suggesting that the government favors one of the largest conglomerates to...
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
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...
Op-Ed: Black Sea Grain Deal Must Resume, Even if it Means Concessions
Grain terminal damaged by Russian missile strike, July 2023 (Ukrainian Ministry of Agriculture) PUBLISHED JUL 23, 2023 3:48 PM BY THE LOWY INTERPRETER [By John Denton] Earlier this week, Russia announced that it would suspend its participation in the Black...
Port of LA box volumes continue rebound in June, down 24% in H1
Container volumes at the Port of Los Angeles continued to bounce back in June and were just 5% below the record number seen a year earlier. Marcus Hand | Jul 13, 2023 The Port of LA handled 833,035 teu in June this year its strongest month since July last year, and 5%...
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...
Work Resumes at Canadian West Coast Ports as Federal Terms End Strike
The nearly two-week old strike at Canada's West Coast ports came to an end as federal mediators presented terms to the union and employeers (file photo) PUBLISHED JUL 13, 2023 5:55 PM BY THE MARITIME EXECUTIVE Canada’s 13-day port strike impacting more than 30...
Australia Bans Second Briese Heavylift Ship in Ongoing Safety Effort
Australia banned the BBC Pearl for 180-days in an ongoing safety effort (AMSA) PUBLISHED JUL 10, 2023 2:00 PM BY THE MARITIME EXECUTIVE Australia is continuing what its safety authority is calling “a crackdown on unsafe and unseaworthy vessels,” issuing the fifth...
California Will Invest $1.5 Billion in Port Infrastructure Upgrades
California announced plans to invest $1.5 billion in the states ports and supporting infrastructure (file photo) PUBLISHED JUL 6, 2023 5:55 PM BY THE MARITIME EXECUTIVE California announced plans for a statewide investment program designed to enhance the...
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
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
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?
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
Private-sector needs to shape policies on Johor-S’pore SEZ as talks continue, say panellists
SINGAPORE - A deal between Singapore and Malaysia to develop South-east Asia’s first cross-border economic zone in Johor will be shaped by private-sector needs from both sides of the Causeway, trade officials and businesses said at a July 11 forum. This will increase...
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
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....
Issuance of diesel subsidy fleet cards to be expedited, says Armizan
KUALA LUMPUR: Datuk Armizan Mohd Ali says there were delays in issuing fleet cards under the Subsidised Diesel Control System 2.0 (SKDS 2.0), but gave his assurance in the Dewan Rakyat that the process will be expedited. The Domestic Trade and Cost of Living Minister...
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,...
Transport Ministry has finalised bus driver card regulations, says Loke
PUTRAJAYA: The Transport Ministry is finalising regulations regarding the issuance of bus driver cards, says Minister Anthony Loke (pic). "In fact, this issue was raised to us a month ago, and we have approved the issuance of the bus driver cards subject to some...
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...
Loke Announces National Shipping Policy Proposal to Boost Local Industry
PUTRAJAYA: A national shipping policy will be introduced to guide the local shipping sector in exports and imports, and create new job opportunities, announced Transport Minister Anthony Loke. He said that the proposal for this policy was raised during the meeting of...
Govt stands firm against Isreali companies’ investment, activities in Malaysia – Amir Hamzah
KUALA LUMPUR: Malaysia has never prevented any company from investing in the country but remains firm in its stance not to allow Israeli-owned companies to conduct their activities here, Finance Minister II Datuk Seri Amir Hamzah Azizan said. In fact, the firm stance...
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...