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Category: Shipping


Impact & Regulations, Shipping

Suez Canal slashes tolls in half for laden VLCCs heading from Europe to Asia

November 25, 2020

Via: Splash 247

With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half in a bid to avoid operators taking the slower, […]


Shipping

Federal Maritime Commission launches liner probe as container availability becomes very tight

November 23, 2020

Via: Splash 247

The Federal Maritime Commission (FMC) in Washington DC has launched a probe into liner activity in the ports of New York, Los Angeles and Long Beach as shippers voice ever louder concern about the lack of available containers to shift […]


Shipping

Maersk Starts $1.6 Billion Share Buyback After Guidance Raised

November 18, 2020

Via: gCaptain

A.P. Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping company says the Covid crisis has so far dented its business less than feared. Copenhagen-based Maersk, which late on Tuesday raised its guidance […]


Shipping

Surprise Cargo Surge Could Surpass Last Year’s Holiday Period

November 16, 2020

Via: gCaptain

Freight carriers including container shippers and cargo airlines say global demand is building toward a seasonal peak that could outstrip last year’s as more consumers shop online to overcome coronavirus curbs. Overall, container volumes may dip just 2% in 2020 […]


Shipping

The time is now for a vaccine distribution ecosystem

November 13, 2020

Via: Splash 247

The news from Pfizer and Arcturus over these last few days gives one reason to believe that a viable vaccine will be available to many across the globe in the next few months. When approved, the next challenge will be […]


Shipping

Port of Rotterdam: shipping sector embracing LNG as fuel

November 12, 2020

Via: Offshore Energy

On Thursday, the port hosted a bunkering operation with Total’s Gas Agility delivering chilled fuel to the world’s largest LNG-powered containership CMA CGM Jacques Saade. Gas Agility, the world’s largest bunkering vessels supplied 18,000 cubic meters of LNG to the […]


Shipping

IMO will list all ports where crew change is possible

November 12, 2020

Via: Splash 247

Among the outcomes from the virtual meeting this week of the International Maritime Organisation’s (IMO) Maritime Safety Committee (MSC) delegates have approved plans to get the UN agency to include a public list of all ports where crew changes are […]


Shipping

Shanghai Shipping Exchange’s new container index shows what shippers actually paid

November 6, 2020

Via: Splash 247

The Shanghai Shipping Exchange has launched a new index in order to better control the risks from the volatility in container freight rates and promote derivative trading. The Shanghai (Export) Containerized Freight Index based on Settled Rates (SCFIS), which will […]


Shipping

Atlas Air beats Q3 estimates on strong demand for air cargo

November 5, 2020

Via: FreightWaves

Atlas Air (NASDQ: AAWW) reported Thursday that third quarter net income grew $14 million to $74.1 million, with adjusted pre-tax earnings, earnings per share and revenue all above analysts estimates driven by the macro trend of strong demand for air […]


Shipping

Every ship’s efficiency rating will be made public, says ICS

November 4, 2020

Via: Splash 247

The ‘A’ to ‘E’ operational efficiency rating of every ship above 5,000 gt will be made fully public and updated on an annual basis, according to the International Chamber of Shipping (ICS). This rating system could be adopted as soon […]