Shipping News

 

CHIRP Introduces Port Sector Safety Newsletter

Sep 04, 2023

Voluntary near-miss reporting scheme CHIRP Maritime is celebrating its 20th anniversary by introducing a new port sector safety newsletter alongside its regular 'Maritime FEEDBACK' editions.“We are thrilled to announce the launch of a new series…

Xeneta: Long-Term Ocean Freight Rates Plunge

Aug 31, 2023

Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers.According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August…

Panama Canal to Extend Transit Restrictions

Aug 25, 2023

The Panama Canal expects to maintain restrictions on daily vessel transit and maximum draft for at least 10 more months amid a prolonged drought that has lowered the water level, an official from the waterway said on Thursday.The canal's authority earlier this year began imposing restrictions…

Top Glory Marine Appoints New Managing Director

Aug 24, 2023

Waste specialist company Top Glory Marine Service (TGM) has appointed Cathrin Prikker as Joint Managing Director with immediate effect.Prikker will take up this position alongside the founder and long-serving Managing Director, Silke Fehr.Prikker…

Russia Ships Naphtha to China via North Sea Route

Aug 21, 2023

Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37…

Historic Drought, Hot Seas Slow Panama Canal Shipping

Aug 21, 2023

Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers…

Australia Mulls Sentiment on Live Sheep Export Ban

Jul 27, 2023

Australia’s independent panel consulting on the phase out of live sheep exports by sea has gathered submissions and now expects to provide its recommendations on how and when to phase out live sheep exports by sea by September 30, 2023.The panel engaged with over 2…

CNC’s Nine Provinces Feeder Service Debuts at Kochi Port

Jul 20, 2023

CNC has started its Nine Provinces Feeder (NPF) service at the port of Kochi in Japan.CNC is the Intra-Asia short sea specialist of the CMA CGM Group and one of only two non-domestic services currently to Kochi.The first NPF voyage to Kochi has delivered fertilisers…

Japanese Partners Aim to Promote Standardized Shore Power Systems

Jul 19, 2023

A group of Japanese organisations have claimed a world-first with their initiative to advance standardized, zero emission shore power systems.Japanese ports and coastal industrial zones are responsible for about 60% of the country's CO2 emissions and are therefore a target for decarbonization…

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…

Logistics News

Low Water Hampers Rhine Shipping

Low Water Hampers Rhine Shipping

Baltic Index Down for Sixth Straight Session

Baltic Index Down for Sixth Straight Session

Venezuela's Oil Exports Fall After US Imposes More Tariffs

Venezuela's Oil Exports Fall After US Imposes More Tariffs

Shell Condemns Australia's LNG Plans

Shell Condemns Australia's LNG Plans

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