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Wind-powered cargo capacity surpasses one million DWT
| September 28, 2022 | Maritime | Technology | Energy | Alternative
The latest installations of wind propulsion technology on large commercial vessels have tipped the amount of cargo that can be transported on vessels that make use of wind as a renewable energy source over the one million tonnes of deadweight (DWT) milestone.
Nippon paint marine hull and hold coats for Polaris
| September 28, 2022 | Maritime | Bulk
Polaris Shipping, one of South Korea’s largest bulk carrier operators, has specified Nippon Paint Marine hull and hold coatings for a trio of Very Large Ore Carriers (VLOC).
[Freightos Weekly Update] Rates keep falling; first signs of strikes on West Coast
| September 28, 2022 | Maritime | Liner Shipping | Ports & Terminals
Key insights: 1. Ocean spot rates ex-Asia continued to fall this week, with US West Coast rates falling 45% so far this month to below $3,000/FEU for the first time since August of 2020. 2. Rates from Asia to the East Coast and to North Europe both fell about 25% this month but remain more than 150% and 400% higher than in 2019, respectively. The slower rate slides are likely due to still-severe port congestion on these lanes. 3. East Coast congestion is driven by a shift of volumes from the West Coast, partly to avoid labor disruptions possible since July. This week, ILWU members temporarily slowed operations in Seattle and Oakland, marking the dispute’s first industrial actions. Asia-US rates: • Asia-US West Coast prices (FBX01 Daily) fell 8% to $2,978/FEU. This rate is 82% lower than the same time last year. • Asia-US East Coast prices (FBX03 Daily) decreased 5% to $6,952/FEU, and are 63% lower than rates for this week last year.
Inaugural shipment of Hyundai automobiles arrive in the South Harbor with expanded partnership between GLOVIS America, WWS and NWSA
| September 28, 2022 | Maritime | Breakbulk News | Ports & Terminals
This week the Northwest Seaport Alliance (NWSA) welcomes the inaugural delivery of Hyundai automobiles to its South Harbor in Tacoma. This new partnership between GLOVIS America, Wallenius Wilhelmsen Solutions (WWS) and NWSA will lead to a significant increase in both finished vehicles and breakbulk operations, and increased business to our local partners.
CMA CGM Low Water Surcharge in Manaus, Brazil for October 22nd
| September 27, 2022 | Maritime | Liner Shipping
Arctic shipping lull is opportunity to cut sea ice and climate impacts
| September 27, 2022 | Maritime
Reacting to a September 22 satellite observation from the US National Snow and Ice Data Centre (NSIDC) showing that that Arctic sea ice reached the tenth lowest on record, Dr Sian Prior, lead advisor to the Clean Arctic Alliance, said: “There is no time for complacency. With a reported lull in international transit traffic passing through the Arctic’s Northern Sea Route this season, Arctic and other governments must seize the opportunity to massively crank up climate action on shipping. By implementing green shipping corridors throughout the Arctic, ships moving through these waters could considerably lower their impact on both sea ice and Arctic ecosystems, and on the global climate.”
CyberOwl raises US$5.1M in funding to expand cyber-security support in shipping industry
| September 27, 2022 | Maritime | Technology
Maritime and offshore system cyber risk management specialists, CyberOwl have successfully secured US$5.1M of investor funding to support the accelerated adoption of their Medulla cyber risk monitoring solution.
Høglund lands six repeat orders to supply integrated automation and control for VLECs at Jiangnan shipyard
| September 27, 2022 | Maritime | Technology
Automation specialist Høglund Marine Solutions has signed six more contracts with Jiangnan Shipyard (Group) Co Ltd and Babcock LGE to supply Integrated Automation (IAS), Cargo and Fuel Gas Control Systems (CCS and FGCS) for six very large ethane carrier (VLEC) newbuilds. Three vessels will be owned by AW Shipping Limited, (a joint venture shipping company, established by Wanhua Chemical Group and Abu Dhabi National Petroleum Corporation), one by Hong Kong-headquartered Pacific Gas and two by Tianjin Southwest Maritime.
Crowley awarded maritime prepositioning force contract by Military Sealift Command
| September 27, 2022 | Maritime
Crowley has been awarded a contract for the operation and maintenance of six government-owned Maritime Prepositioning Force (MPF) vessels, a unit of the U.S. Navy’s Military Sealift Command.
Sokol, Fairfax raise bid to buy Seaspan parent to $4.4 billion
| September 26, 2022 | Maritime | Liner Shipping
A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas Corp., the holding company that controls shipping firm Seaspan Corp., to $4.4 billion.
Russian crude is slowly being squeezed out of Europe
| September 26, 2022 | Maritime | Bulk | Energy
Weaker demand for Chinese goods spells end of shipping boom
| September 26, 2022 | Maritime | Liner Shipping | International Trade
The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the pandemic.
CMA CGM PSS Reefer - from Europe to West Africa
| September 23, 2022 | Maritime | Liner Shipping
World needs maritime trade to brave rough seas of crises, UNCTAD chief says
| September 23, 2022 | Maritime | Breakbulk News
Secretary-General Rebeca Grynspan calls on the shipping industry to help get food and fertilizers from the Black Sea to global markets.
MSC IEI - scope: US to Israel
| September 23, 2022 | Maritime | Liner Shipping
MSC has announced that effective October 1st, 2022, they will be updating the ISRAEL IMPORT EMERGENCY IMBALANCE SURCHARGE – IEI to applicable to all equipment types
Demand, capacity and spot rates slump on key Far East to US West Coast corridor
| September 23, 2022 | Maritime | Liner Shipping
SEA-LNG response to UCL report: Exploring methods for understanding stranded value: case study on LNG capable ships
| September 23, 2022 | Maritime | Technology | Energy | Alternative
Liebherr sending three additional LHMs to Noatum terminals in Spain
| September 23, 2022 | Maritime | Breakbulk News | Ports & Terminals | Equipment and Tech
The first crane arrived on January 5, 2022. Three new Liebherr mobile harbour cranes are joining the fleet at Noatum port terminals in Castellon, Sagunto and Tarragona. The cranes will enable the terminals to improve their handling efficiency for various cargo types.
Energy crunch crimping Europe hurts demand for commodity ships
| September 22, 2022 | Maritime | Bulk
The cost of shipping commodities like grains, metals and coal has fallen as soaring energy prices in Europe throttle global economic growth.
MSC PSS - scope: Turkey to US West Coast
| September 22, 2022 | Maritime | Liner Shipping
MSC announces below decreased PSS amount, from Turkey to USWC, effective September 21st, 2022 (last container gate in date), applicable to all equipment types.
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