Following on from our earlier article concerning shipping emissions, over 170 countries reached agreement on Friday (13 April) to reduce CO2 emissions from shipping by "at least" 50% on 2008 levels by 2050, ending years of slow progress. Despite opposition from nations including Brazil, Saudi Arabia and the US, the states came to a final…
The first magenta containership of the Japanese merged containership business, Ocean Network Express (ONE), has been launched at Imabari Shipbuilding in Japan. The 14,000 TEU ship is named ONE Manato and will now undergo final touches before it gets delivered in December 2018, data from VesselsValue shows. It is the first tailor-made boxship for the company,…
Next week, countries are supposed to finalise a deal on limiting greenhouse gas (GHG) emissions from international shipping. The International Maritime Organisation (IMO) environment meeting in London is expected to set a concrete target for shipping emissions in the coming decades. After the Paris Agreement and a deal on emissions from International Aviation, shipping is…
The Karachi Port Trust (KPT) has ordered investigations into the collision between two container ships that took place at the Karachi port this week. The incident occurred on Monday at a private terminal - South Asia Pakistan Terminals - affiliated to Karachi Port when a cargo ship during berthing slightly hit an anchored cargo ship.…
January 10, 2018 /
The 2018 marine forecast for transpacific and other major shipping trade routes notes that full recovery depends on a number of political, economic and technological factors. China is also a concern. “I know analysts have been harping on about it for years,” said Transport Intelligence Ltd. economist David Buckby, “but I think given what the…
December 21, 2017 /
London Gateway is to lose one of its Asia-Europe services next year after THE Alliance partners unveiled their network plans for 2018. The five Asia-North Europe services will remain largely unchanged, other than in the UK where one call has been switched from London Gateway to Southampton. Hamburg and Rotterdam will both retain five weekly…
In little more than 2 years shipping will have to shift to low sulphur fuel. The International Maritime Organisation (IMO) has set a global limit for sulphur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1 January 2020. This will significantly reduce the amount of sulphur oxide emanating from…
November 22, 2017 /
In 1967, the British Transport Docks Board (BTDB) commissioned McKinsey & Company to assess the impact of a recent development from the United States: container boxes. The first purpose built ships for them were being launched, and a few US lines were carrying these novelties on their regular service. McKinsey & Company predicted: Containerised cargo is…
November 8, 2017 /
August’s Drewry global container port throughput index reached an all-time high of 126.8 points. The August figure, the highest since inception of the index in January 2012, was nearly 7 points up on August 2016 (120.0 points) and more than 11 points up on the August 2015 level of around 116 points. The global index…
Hanjin Shipping, the seventh-largest container shipment firm in the world collapsed in late August after its creditors stopped providing funding and it was forced to request court receivership. Over $14bn in cargo was left stranded at sea, and shocked global trade networks were faced with unprecedented disruption. Container ships in transit at the time the…