Published Dec 28th, 2024 by Alphaliner After a frantic November, with a high level of fixtures concluded the container charter market has gone significantly quieter in the last few days, giving the feeling that the traditional Christmas lull is already on its way. Although the activity is down compared to previous weeks, the mar- ket is ending 2024 on a…
Published Dec 27th, 2024 by Alphaliner 2024 is on track to be third most lucrative year in container ship history despite the higher costs born by container carriers to divert tonnage around the Cape of Good Hope. At the nine-month stage, net profits for the leading carriers are already above the full-year results for both 2020 and 2023, the only…
Published Dec 16, 2024 by The Maritime Standard The container shipping line group, Ocean Network Express (ONE), is launching a new Indian Ocean Express (IOX) service, connecting India, Sri Lanka and Pakistan with North Europe. Additionally, a transshipment service via Colombo is intended to cater to the requirements of customers in East India and Bangladesh. The inaugural voyage from Nhava…
Published Dec 16th, 2024 by Marcus Hand, Editor Increased tariffs from the Trump 2.0 administration, a potential US East Coast ports strike, and alliance restructuring all promise a turbulent start to the year, according to DHL Global Forwarding. DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. In its…
Published Dec 17, 2024 3:12 PM by The Maritime Executive The CMA CGM Group, which is already pursuing its environmental initiatives with large investments in LNG-fueled containerships, will also develop a unique, electric-powered, cargo barge for inland service in Vietnam. Expected to start service in 2026, the barge will operate with batteries and a dedicated green power station providing an…
Dr Will Beer, owner of environmental consultancy, Tunley Environmental, on shoreside carbon reduction strategies. What fast track renewable power options are available to ports to lower their carbon footprint and long term energy bills? Many ports are grappling with this complex issue especially with funding available in the US via the Inflation Reduction Act and the EPA Clean Ports Program,…
In an increasingly interconnected world, the dynamics of global trade routes and economic power are in constant flux, with regions like the Far East and the Middle East playing pivotal roles in these shifts. This geopolitical analysis focused on understanding the evolving relationship between these two crucial regions by considering three key indicators: Liner Shipping Connectivity, Container Port Throughput, and…
The ship that has made the most headlines in the world this year is ready to shift continents. The Dali containership, which rammed and destroyed the Francis Scott Key Bridge in Baltimore, nearly six months ago is making plans to leave its repair yard in Norfolk, Virginia and head to China in a couple of weeks, according to filings made in a…
The Sounion suezmax, the ship that risks becoming the worst tanker spill this century, remains on fire and may be leaking oil, according to the US Department of Defense. The ship was attacked multiple times by the Houthis in international waters between Yemen and Eritrea last Wednesday. The ship, owned by Greece’s Delta Tankers, has been on fire since August 23 with…
Transport service stakeholders handling cargo movements via Singapore Port face a heightened operational challenge complying with a new set of customs rules due to come into effect from 1 September. The requirement calls for advanced or pre-filing of export/import/transhipment cargo information, under what the authority calls a revised “free trade zone (FTZ) regime that was implemented in March 2024.” The…