We are very proud to announce that we have been selected as one of the 1000 companies to inspire Britain 2019! The report pulls together exciting companies that are breaking new ground and making a real difference to the world around us. We couldn't have grown as we have without the support of our customers…
July 31, 2019 /
Japanese carrier Ocean Network Express (ONE) has posted its first quarterly profit since the merger of the container businesses of K Line, MOL and NYK on 1 April last year. ONE recorded a net profit of $5m in the first quarter of its fiscal year, which ends 31 March 2020, and has upgraded its outlook…
Seventeen months after a devastating fire which resulted in the loss of 5 lives, Maersk is set to send the 15,282 teu boxship Maersk Honam back on active duty. The owner decided to reuse the stern section in a new ship, to be constructed at a South Korean shipyard. The damaged bow section and the…
Niche transatlantic carrier Independent Container Line (ICL) is to move its UK call from Liverpool to Southampton to improve schedule reliability. The US-headquartered, privately-owned shipping line has been serving Liverpool for the past 20 years, calling at the Mersey port along with Antwerp in a two-port North European hub strategy. However, ICL claims deteriorating weather…
July 3, 2019 /
Hapag-Lloyd and merged Japanese container carrier Ocean Network Express (ONE) are the latest box shipping lines to join the IBM/Maersk Line-led blockchain initiative TradeLens. The news means more than half the world’s container shipping capacity is part of the TradeLens project, following the addition of MSC and CMA CGM at the beginning of June. Of…
June 26, 2019 /
The trade dispute between the US and China could have fewer ramifications across global container supply chains than initially thought. According to new research from Drewry, although the transpacific trade, particularly headhaul eastbound, is expected to be hit hard by the introduction of billions of dollars’ worth of new tariffs, the way China has established…
The bunker market is far from ready for the substantial switch in demand to low-sulphur fuel, when the IMO’s 0.5% cap comes into force on 1 January next year, according to the Marine Bunker Exchange (MABUX). In an article published by international shipping association BIMCO, the bunker exchange cautions that “shipowners are ready, but the bunker market…
June 12, 2019 /
The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing. U.S. President Donald Trump imposed the tariff increase on a$200 billion list of Chinese goods on May 10,…
Around 16% of the ocean carrier global fleet – equating to 36% in terms of teu capacity – will be equipped with exhaust gas cleaning scrubber systems to comply with the IMO 2020 0.5% sulphur cap. Ships with approved scrubber systems installed will be allowed to continue to burn heavy fuel oil (HFO) after 1…
May 22, 2019 /
Tightened energy efficiency targets and a commitment to further discuss proposed speed reduction rules were the key outcomes of the International Martime Organisation's (IMO) latest round of talks, held in London last week. But environmental campaigners were quick to argue the results showed a "total lack of ambition" on the part of the shipping industry, which…