Asia-Europe ocean carriers from have announced further hikes in their FAK rates this month after successfully pushing through 1 January spot rate increases. Alphaliner said rates on the route “remained firm in December, despite the resumption of the 2M’s AE2/Swan service”. Hapag-Lloyd said that on 16 January, “due to strong demand”, it was increasing its…
The prospect of unmanned container vessels serving global container supply chains has taken another step forward. Sea Machines Robotics, a US developer of autonomous vessels, announced it had raised $10m from venture capital funds. The investors were led by Accomplice VC and Eniac Ventures, but also include Toyota AI Ventures, TechNexus Venture Collaborative, NextGen VP, Geekdom Fund,…
Vessel cascading has been an ever-present feature of container shipping since liner executives first understood the benefits of economies of scale and began the box ship capacity arms race. But over the next few years, there are likely to be only a few arenas where it will take place, according to Drewry Maritime Advisors’ director…
Container shipping company AP Moller – Maersk has unveiled plans to completely cut carbon dioxide (CO2) emission from its operations by 2050. In order to meet the goal, Maersk intends to have carbon neutral vessels commercially viable by 2030, as well as accelerate new innovations and adopt new technology. The company has called for a…
CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period. However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery. CMA CGM’s turnover during Q3 increased by 6.3% on the same period last year,…
Are you feeling festive yet?! Maybe not, but sea freight imports need to be organised soon to get them in time for Christmas! Time is of the essence. Please contact a member of our team as we have very competitive rates for this month – email [email protected] or call 02380 337778 We handle all types…
Pressure is mounting on container ports to improve efficiency in terminal operations, as wholesale change in the shipping industry continues to increase competition and drive down revenue per box. According to Mark Welles, Navis vice president and general manager Asia Pacific, terminal operators are “aggressively attacking their cost base and figuring out ways to use…
Following the footsteps of Maersk Line, the Swiss and French container shipping giants MSC and CMA CGM have unveiled their intention to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. Mediterranean Shipping Company plans to introduce a new Global Fuel Surcharge as of January 1, 2019. The company expects its operating costs…
One forwarder told The Loadstar all UK ports had been affected by problems ranging from driver shortages and rail failures to issues arising from M&A activity. Advance road bookings now require up to 10 days lead time. “We are seeing failures on some 20% of the boxes we handle; that’s thousands of boxes, and from what we are…
Typhoons and tropical storms have already hit Asia during July and August which have had a serious impact on port operations. This in turn means that we may experience delays caused by the inclement weather. The number of vessels arriving into port is likely to be disrupted with ports closing because of poor weather conditions.…
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