A Norwegian project to develop a new generation of zero-emission bulk cargo ships is proceeding with the finalization of elements of the design and awarding of an Approval in Principle from DNV. The classification society reviewed the designs for a modularized bulk cargo ship propulsion system fueled with alkaline
The charge adjustments will apply to foreign trade import and export 20-foot and 40-foot loaded and empty containers. Handling charges are set by the port independently based on its operations and do not require approval from the authorities.. The port cited higher operation costs, labour costs, infrastructure construction and upgrading expenses, and
Analysts have been forecasting since the spring that MSC was on track to become the world’s largest container carrier surpassing MSC. It apparently happened this week as MSC continued to take delivery of recently acquired secondhand tonnage as well as the completion of newbuilds that will be operated by
Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates.On 5th of November, Evergreen unveiled orders for a pair of 24,000TEU ships from Jiangnan Shipyard.Priced between US$140 million to US$160 million each, the newbuildings are
Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been profound in many ways. From Covid-19 related port disruptions, the continuation of the China/Australia Trade war
Suez Canal Authority (SCA) has published new resolutions concerning the fees of the transiting ships through the canal and new marketing strategies that will be applied during the next year. In particular, Admiral Osama Rabea, Chairman of the SCA announced on 4th of November that the authority will increase
The export container volume dropped 3.3% while the domestic volume declined 14.2% in mid-October. Some of the ports shut operation temporarily due to bad weather, while cargo throughput at major coastal hub ports dropped 4.9% year on year & international trade cargo throughput also declined 3.1%.
Congestion, Delays and Supply Chain Challenges Will Continue into 2022 Across all segments of the shipping industry, one thing that everyone agrees on is that there is no quick solution to the supply chain disruptions and challenges that have been experienced in 2021. The major carriers, as well as
LCL market efficiency boosted by stratospheric rate costs, say forwarders As freight forwarders gathered in a plush London hotel yesterday, the talk at the London Freight Club annual bash was that soaring rates had pushed NVOCCs to make certain that containers were full. In the past NVOCCs and freight
ast year’s devastating explosion at the port of Beirut in Lebanon on August 4, 2020 has added to industry concerns over the storage of hazardous goods and concentrations of risk at ports. The explosion caused wide-scale damage to the docks and surrounding city, killing around 200 people and was
