News

2024 Shipping Industry Predictions: A Comprehensive Analysis



January 30, 2024 /

As we step into the new year, it's pivotal to assess the anticipated trends that will shape the shipping industry throughout 2024, so here are our shipping industry predictions. From advancements in technology to sustainability initiatives, we look at the evidence-based projections that are expected to influence the shipping landscape in the coming year. Sustainable…


Use of Smart Containers set to boom over the next few years



July 17, 2023 /

According to some research conducted by Drewry, the smart container fleet is expected to grow six-fold over the next five years. The fleet is projected to increase from 300,000 twenty-foot equivalent units (TEUs) in 2020 to 1.9 million TEUs by 2026. This represents a substantial growth rate for smart container adoption. Several factors are contributing…


Felixstowe staff plan new strike for this month



September 14, 2022 /

Workers at Britain's biggest container port will stage a second eight-day strike over pay. Fresh strikes are planned from September 27th - October 5th after port workers voted by an 82% majority to reject a 7% pay offer. Felixstowe handles almost half the container freight that enters the UK, with about 17 different shipping lines…


Strike action expected at Felixstowe this month



August 15, 2022 /

The UKs biggest container port faces strike action this month as staff vote for a walk out over pay. Close to 2,000 workers have launched a formal strike from August 22nd - 29th, potentially creating trade and supply chain disruptions in the region. 48% of all containers brought into the UK are transported through the…


HMRC urge move over to new customs system



August 8, 2022 /

Time is running out to move over to switch to HMRCs new customs system before Septembers deadline - with more than 3500 businesses at risk of severe delays if they do not migrate to the Customs Declaration Service (CDS) before it switches off. Director of programme and operational delivery for borders and trade Julie Etheridge…


The UK should include aviation and shipping in net zero emission goal



September 25, 2019 /

The aviation and shipping sectors should formally be included in Britain’s target to cut its greenhouse gas emissions to net zero by 2050, the government’s climate advisers said on Tuesday. Britain earlier this year became the first G7 country to set a net zero emission target although the shipping and aviation sectors were not explicitly…


$586m loss hits ONE’s parent carriers



May 1, 2019 /

Japanese merged carrier Ocean Network Express (ONE) recorded a net loss of $586m in its first year of operation, however it said it expected to move into the black in its second year.  ONE, formed from the container businesses of K Line, MOL and NYK,was supposed to produce synergistic returns for its parents. Instead it has dragged down the P&L…


2019 supply and demand balanced by less mega container ships



January 21, 2019 /

A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with demand, according to new analysis from Drewry. Indeed, at the end of last year Maersk’s chief executive, Soren Skou, told The Financial Times: “We for sure have to do some…