Container port congestion worsening at start of 2022: Sea-Intel
What were described as “seemingly interminable queues around the world” have taken out 11% of global containership capacity across 2021 while volumes grew at 7%. In normal times around 2% of containership capacity is tied up in waiting at ports. Using data from South Korean line HMM a slight improvement could be seen between October […]
MSC Recognized as World’s Largest Container Line Surpassing Maersk
Mediterranean Shipping Company (MSC) started the new year recognized as the world’s largest containership company by capacity. Data analysts and consultancy Alphaliner updated its ranking of the Top 100 and for the first time reflects MSC in the lead position ahead of Maersk by just 1,888 TEU, a small fraction of its nearly 4.3 million […]
Suez Canal Authority Reports Record $6.3B in Revenues in 2021
The Suez Canal Authority reported record results for the number of transits of ships and revenues in 2021 saying that the operations were exceeding the overall growth rate for the shipping industry. Citing the success of its marketing and flexible approach to working with the industry, the SCA said it had achieved its best year […]
PUBLISHED BY THE MARITIME EXECUTIVE
The Port of Rotterdam has received its 15 millionth TEU container for 2021 on December 22, making it the first European port and the first port outside Asia to reach that level of volume. The port had been steadily progressing toward the level, reaching 14.8 million TEU in 2019, before the pandemic interrupted growth resulting […]
PUBLISHED BY THE MARITIME EXECUTIVE
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 fuel cells and green ammonia. According […]
China’s Ningbo-Zhoushan port is to increase handling charges for loading and unloading by 10% starting from 1 January 2022
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 the cost of efforts made to […]
PUBLISHED BY THE MARITIME EXECUTIVE
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 the carrier. MSC either moved ahead […]
Evergreen splashes out on 24,000TEU ships and more containers
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 expected to be delivered from 2024 […]
Vessels Value Report: 2021 Port Congestion
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 causing long term delays off Chinese […]
Suez Canal Authority to increase transit tolls by 6%
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 transit tolls of transiting ships […]
