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…
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 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…
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…
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…
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…
January 14, 2019 /
As we welcome in 2019, Drewry have shared their thoughts on the key issues and trends likely to affect the container ports and terminals sector in the year ahead. Demand: We will see a softening of the global container port demand growth rate, down from an estimated 4.7% in 2018 to just over 4% in…
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,…
August 8, 2018 /
China's newest and largest container ship has ABB turbochargers installed to help to ensure optimal performance and fuel efficiency. The flagship in Cosco Shipping Line's Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke…
Drewry’s latest five-year global container port demand forecast is 4.3% per annum, up from last year. The maritime consultancy made the announcement in its summary of the key trends and developments in the global container port and terminal industry. Projected port capacity expansion is 2.7% per annum, so average utilisation levels will rise, said Drewry.…