Maritime News

House passes first US ocean shipping-law revamp in two decades

Bloomberg | December 08, 2021 | Maritime News | Liner Shipping | Ports & Terminals

(Bloomberg) -- The House passed legislation Wednesday that provides the first major update of U.S. international ocean-shipping laws in more than two decades as the nation grapples with bottlenecks at its ports that are crimping supply chains.

CMA CGM Group takes strategic step in logistics development with major acquisition of Ingram Micro’s Commerce & Lifecycle Services business

AJOT | December 08, 2021 | Maritime News | Liner Shipping | Logistics

• Acquiring U.S.-based Ingram Micro CLS will accelerate the Group’s supply chain capabilities in contract logistics and eCommerce expertise. • Key catalyst for CMA CGM Group’s subsidiary CEVA Logistics’ development in high-growth eCommerce segment, especially in U.S., European markets. • CEVA Logistics to become the fourth-largest global contract logistics provider.

MSC adds new call on Chinook service

AJOT | December 08, 2021 | Maritime News | Liner Shipping

MSC has announced the addition of a port call at Qingdao, China, on the Chinook service.

Once-stuck ship gets another chance for passage through the Suez Canal

Bloomberg | December 08, 2021 | Maritime News | Liner Shipping | Ports & Terminals

Less than nine months after getting stuck in the Suez Canal, the Ever Given appears ready to give the northbound passage another try.

MSC schedule update on trade from Asia to US and Canada network

AJOT | December 08, 2021 | Maritime News | Liner Shipping

MSC is planning to adjust the sailing program on its Asia to US and Canada network to match the actual departure dates from Asia.

[FBX Weekly] Air rates continue to climb as congestion at airports gets worse

AJOT | December 08, 2021 | Maritime News | Liner Shipping

Key insights: 1 Ocean rates stayed level but still extremely elevated globally as port congestion remains a problem. Increases are likely as we get closer to Lunar New Year in February. 2 With only a couple weeks until the holidays, air cargo peak season is at its height. Demand is putting even more pressure on rates than usual as capacity is reduced by limited passenger travel – possibly to be made worse by omicron fears – ground handling shortages and tougher quarantine restrictions for pilots in places like Hong Kong. 3 Freightos data shows China-N. Europe rates have increased more than 30% since the start of November to $7.84/kg and China-US West Coast rates have climbed past their record high set during the PPE rush in May 2020.

Stena Line expands and launches new route between Stockholm Norvik Port and Hanko

AJOT | December 07, 2021 | Maritime News | Breakbulk News | Ports & Terminals

Shipping company Stena Line continues to invest in Stockholm Norvik Port and the Baltic Sea. In February a brand new route will be introduced between Stockholm Norvik Port and Hanko in Finland. Ports of Stockholm’s new major port has been built to provide good preconditions for shipping companies to grow and develop.

Crowley announces 2050 net-zero commitment and activates key partnerships to realize goals

AJOT | December 07, 2021 | Maritime News | Technology

Crowley has committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1.5 degrees Celsius.

Port Freeport reaches milestone in vehicle units handled

AJOT | December 06, 2021 | Maritime News | Breakbulk News

Synergy Group secures Oldendorff ship management agreement

AJOT | December 06, 2021 | Maritime News

MSC GRI from USA to Australia/New Zealand/New Caledonia effective January 2nd, 2022

AJOT | December 06, 2021 | Maritime News | Liner Shipping

U.S. ship logjam stretching far into pacific is longer than ever

Bloomberg | December 04, 2021 | Maritime News | Liner Shipping

Tanker Market Outlook: Why not yet and why now

AJOT | December 03, 2021 | Maritime News | Bulk | By The Numbers

We are now in December and the tanker market remains surprisingly weak. At the time of writing, rates in the MR segment are around USD 8,000 per day – double the level earlier this autumn, certainly, but still some way below what an MR vessel requires in order to break even. The same applies to crude oil tankers like the Suezmax vessels.