Entries by Joanne Golding

Hapag-Lloyd cutting costs to cope with a rise in fuel prices

German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on this week. “Major cost positions have risen more than initially expected and are pressuring operating margins,” CEO Rolf Habben Jansen said in Hamburg. “We […]

The environment and Arctic Shipping

Mariners have known about short cuts to the Pacific via the Arctic for a long time. The Northern Sea Route (NSR), north of Siberia, was discovered 300 years ago, and the Northwest Passage (NWP) has been on the map for more than a century. Although these routes are much shorter than the traditional trading routes from […]

The impact of shipping on the climate cannot be solved by gas

Europe has little to gain from trying to decarbonise the unwieldy shipping sector with liquefied natural gas (LNG), according to a new study that looks into how the EU could cut emissions over the next three decades. Research by consultants UMAS revealed on Monday (25 June) that pouring billions of dollars into LNG-refuelling capacity for […]

It is a YES for Heathrow Expansion

In a landmark vote yesterday, Parliament unambiguously (415-119) backed expanding Heathrow – ending decades of political debate on one of the UK’s most pressing infrastructure issues. MPs from across political parties joined forces to support the Government’s Airports National Policy Statement. The vote clears the way for Heathrow to submit an application for development consent for […]

Shanghai plan to become an International Shipping Centre by 2020

Shanghai are working towards becoming an International Shipping Centre by 2020. To achieve the target and raise the city’s core competitiveness, the local government has drafted a three-year plan. One goal of the three-year plan is to further consolidate Shanghai’s status as an international shipping hub. In the Chinese mainland, the Port of Shanghai boasts […]

Heathrow expansion plans approved

The UK government has backed plans for the development of a new runway at Heathrow Airport. The UK Cabinet’s economic sub-committee approved plans for a third runway at the London airport before the proposals were backed by the full cabinet. The UK secretary of state for transport Chris Grayling said: “A successful, thriving aviation sector […]

Record Cargo performance for Heathrow in April

London-Heathrow airport cargo volumes enjoyed their 21st consecutive record month in April 2018, as trade growth at the UK’s largest port by value increased by 2.3% year on year to 141,215 tonnes compared to the same time last year. The US (+4.1%), India (+7.1%) and China (+10.9%)  were among the fastest growing countries for cargo in April. […]

China to ban the recycling of international ships

China plans to stop allowing the recycling of international ships at its yards as of the beginning of 2019. The decision comes on the back of China’s efforts to crack down on polluter and waste producing industries in the country, which have seen many yards denied their ship recycling licenses. The Chinese-flagged ships will be allowed to […]