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…
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…
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 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…
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’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 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…
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…
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 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, 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 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)…
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…
“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…
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…
