Top

Category: Shipping


Shipping

CMA CGM revises surcharge from North Europe to Med, Adriatic, Black Sea and North Africa

February 23, 2024

Via: Container News

French ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15 March 2024 (loading date) until further notice, the updated surcharge […]


Shipping

Bulkers’ Second Hand Vessel Prices on the Rise

February 23, 2024

Via: Hellenic Shipping News

With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have gained momentum. The […]


Shipping

Maersk applies new PSS from Far East to East Coast South America

February 21, 2024

Via: Container News

Maersk is adjusting Peak Season Surcharge (PSS) rates for selected routes effective March 1 to 31 March 2024, to ensure continued global service provision. The changes in the peak season surcharge rates will be applied as follows: Read More on […]


Shipping

Canada invests US$1.9 million in supply chain initiatives

February 21, 2024

Via: Container News

The Port of Montreal is delighted by the recent announcement from Transport Canada regarding funding exceeding US$1.9 million through the National Trade Corridors Fund. These grants support two projects aimed at enhancing supply chain efficiency through the utilization of innovative […]


Shipping

Port of Prince Rupert handles 23.5 million cargo tonnes in 2023

February 20, 2024

Via: Container News

In 2023, the Port of Prince Rupert handled 23.5 million tonnes of cargo, translating to a decrease of 5% compared to the volumes recorded in the previous year. According to a statement, this marks the third consecutive year of declining […]


Shipping

Truck and rail dwell time remains steady at San Pedro Bay Ports

February 20, 2024

Via: Container News

Through January, cargo traveling through the San Pedro Bay Port complex and destined for local delivery via truck spent an average of 2.89 days at port terminals, translating to a slight uptick from December’s average of 2.69 days. The January […]


Shipping

Interview with Bureau Veritas: US LNG permitting freeze could unleash upsurge in renewables and hydrogen

February 19, 2024

Via: Offshore Energy

As nations around the globe continue to grapple with the effects of climate change, the enormous appetite for oil and natural gas is locking horns with the ever-increasing desire to transition away from fossil fuels and move to low-carbon and […]


Shipping

CMB.TECH to own world’s first ammonia-powered container vessel

February 19, 2024

Via: Container News

CMB.TECH announces the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International through a 15-year deal. The vessel, to be named Yara Eyde, is a 1,400 TEU ice-class […]


Shipping

Panama Canal to invest more in sustainability efforts than past expansion

February 15, 2024

Via: Offshore Energy

The canal authority has earmarked $8.5 billion for capital investments, and a large chunk of that is intended for decarbonization initiatives, outpacing the massive investment made in previous groundbreaking expansion of the waterway. “We plan to embed sustainability into capital […]


Shipping

US container imports from major Asian countries increase in January

February 14, 2024

Via: Container News

Container volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]


Shipping

Ohio trucking owner pleads guilty to wire fraud

February 13, 2024

Via: FreightWaves

The owner of an Ohio trucking company pleaded guilty in federal court to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores. The fraud cost […]


Shipping

Supply chain M&A in 2024

February 13, 2024

Via: FreightWaves

In 2020, 2021 and 2022, it seemed like every day brought an announcement of a new merger or acquisition. That made sense given that it was insanely cheap to get capital and there was more than enough to go around. […]


Shipping

Reach Subsea makes moves to meet increasing demand for subsea services

February 12, 2024

Via: Offshore Energy

According to Reach Subsea, Northern Maria is a versatile survey vessel with a 20-ton crane and sufficient accommodation and deck capacity, suitable to meet client requirements within both the renewable energy and oil & gas sectors and is an important […]


Shipping

Maersk sets new bar with shipping’s first climate target validation

February 9, 2024

Via: Splash 247

AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has […]


Shipping

Global bunker indices see modest decline

February 9, 2024

Via: Container News

During the sixth week, the Marine Bunker Exchange (MABUX) global bunker indices experienced a modest decline. The 380 HSFO index dropped by US$8.74 to US$507.44/MT, edging closer to the US$500 threshold. Similarly, the VLSFO index decreased by US$10 with a […]


Shipping

Swiss Re report captures the extent of global shipping disruption

February 8, 2024

Via: Splash 247

Insurer Swiss Re has come up with a chart to highlight the dramatic changes to the world seaborne map in recent years as shipping faces disruption in the Red and Black Seas as well as the Panama Canal and multiple […]


Shipping

Shipping and the Macroeconomic Environment: What to Expect?

February 8, 2024

Via: Hellenic Shipping News

The global economy is heading towards monetary easing, expected to arrive in the following months. This could trigger a rebound in trade growth dynamics and demand across the board. In its latest weekly report, shipbroker Xclusiv said that “despite record […]


Shipping

Tanker transits plunge 20% in Red Sea: Lloyd’s List

February 7, 2024

Via: FreightWaves

New data from Lloyd’s List Intelligence shows an acceleration of tankers diverting away from the Red Sea. Since Jan. 12, when the first of three U.S.-led military strikes began on Houthi land targets, more than 106 tankers have changed routes […]


Shipping

Red Sea trouble threatens US freight recovery

February 6, 2024

Via: FreightWaves

Federal Reserve Chair Jerome Powell said Sunday his committee is unlikely to consider cutting the federal funds rate at its next meeting in March. The implication from his remarks in a “60 Minutes” interview was that the board would not […]


Shipping

Should UPS have been bigger as well as better?

February 5, 2024

Via: FreightWaves

For the first 30 or so months of her tenure, UPS CEO Carol B. Tomé had the wind at her back. For the past year, however, a gale force storm has been blowing right at the company. The question is […]