Shipping News

 

Study: Canada Would Benefit from Green Shipping Corridors

Jun 20, 2023

A new study from consultancy Arup demonstrates the benefits that Canada could obtain from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels.The Canadian Green Shipping Corridor Assessment was commissioned by Oceans North…

Australia and Singapore Plan Green Shipping Corridor

Jun 06, 2023

Australia and Singapore have commenced discussions on establishing a Singapore-Australia Green and Digital Shipping Corridor by the end of 2025.Australia’s Department of Infrastructure, Transport, Regional Development, Communications and the…

Maritime UK Appoints New CEO

May 23, 2023

Maritime UK, the umbrella organisation for the UK’s maritime sector, has appointed Chris Shirling-Rooke MBE as its new CEO.Shirling-Rooke is currently CEO of Mersey Maritime, a maritime regional cluster organisation based in the Liverpool City Region…

ZIM Reports $58m Q1 Loss

May 22, 2023

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three months ended March 31, 2023.Net loss for the first quarter was $58 million (compared to net income of $1,711 million in the first quarter of 2022)…

'Free Money' is Over, but Shipping Finance is Positive

May 22, 2023

Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…

Analysis: Container Shipping and Falling U.S. Retail Sales

Feb 01, 2023

“Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia to North America container volumes…

Flag States Increase Seafarer Reporting 25% - ICS

Jan 30, 2023

The annual Shipping Industry Flag State Performance Table, published today from the International Chamber of Shipping (ICS), highlights a 25% increase in flag states reporting on seafarer labor standards compared to last year. Each year flag…

Container Shipping Turmoil Spills Over Into 2023, says Xeneta's Sand

Jan 12, 2023

As container shipping demand continues to fall into the New Year, Xeneta Chief Analyst Peter Sand weigh in with his insights on the pace and direction of spot and contract rates; the likelihood of ship lay-ups and scrapping in 2023; plus the…

Cargo Shippers Pressure EU for Review of Container Shipping Regulation

Jul 25, 2022

Ten trade organizations representing the owners and forwarders of cargo, port terminal operators and other parts of the supply chain dependent on container shipping are demanding an immediate review of European Union’s Consortia Block Exemption Regulation for the container shipping industry…

Nina Østergaard Borris takes the helm at USTC

May 25, 2022

Nina Østergaard Borris, co-owner and current COO of United Shipping and Trading Company (USTC), takes on new responsibilities in the family-owned business as CEO, succeeding her father Torben Østergaard-Nielsen who will take over as Chairman of the Board of Directors for USTC…

Finance: UK Shakes-up its Shipping Tax to Attract Global Players

Oct 28, 2021

In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government…

Reefer Shipping Exhibit Area Opens at Hamburg Maritime Museum

Oct 20, 2021

A new exhibition area on the subject of 'Reefer Shipping - Transport of Perishable Goods' is attracting visitors to the International Maritime Museum Hamburg (IMMH). Starting October 19, 2021, this new part of the exhibition on deck 6 will present everything on the subject of reefer shipping…

DNV Report Says Maritime Energy Transition is Gaining Speed

Aug 31, 2021

More than 1000 ships are expected to be ordered per year through 2030, and with growing pressure on the shipping industry to decarbonize, the shipowners must be careful with fuel selection and ship design, as a misstep here can have damaging consequences in the future…

Clearlake Shipping Fixes 37,000-dwt Asphalt Carrier

Aug 11, 2021

Clearlake Shipping, a wholly-owned subsidiary of Gunvor Group, has fixed a new building 37,000 deadweight ton (dwt) asphalt carrier, the White Pearl, to be delivered before year end.White Pearl will complement Gunvor’s growing asphalt trading business…

U.S. Manufacturing of Durable Goods hits $270.5B Record High - BIMCO

Aug 04, 2021

U.S. manufacturing of durable goods, which has been lagging the wider recovery of the U.S. economy, hit an all-time high in June when $270.5B worth of goods was produced. This brings total manufacturing of durable goods so far this year to $1…

Logistics News

Decarbonization is a Major Challenge for US Ports -Report

Decarbonization is a Major Challenge for US Ports -Report

Russia's Seaborne Oil Product Exports Fell in March

Russia's Seaborne Oil Product Exports Fell in March

UKHO Appoints Blake Interim Chief Executive

UKHO Appoints Blake Interim Chief Executive

Denmark Bans Discharge of Scrubber Water

Denmark Bans Discharge of Scrubber Water

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