April 17, 2019 /
LNG is the most environmentally friendly, readily available fuel for shipping today – and in the foreseeable future, according to a new study. With the IMO’s 0.5% sulphur cap regulations coming into force next January, along with its target of halving C02 emissions from shipping by 2050, decisions need to be taken on alternative fuels.…
April 10, 2019 /
The port of Shanghai has maintained its position as the world largest container port. However, new data from Alphaliner today shows its lead over second-placed Singapore narrowed last year. Shanghai posted 2018 throughput of 42.01m teu, 4.4% growth on 2017, while Singapore handled 36.6m teu, representing growth of 8.7%. And the 5.41m teu differential between…
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…
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,…
August 29, 2018 /
Singapore has topped the 2018 International Shipping Centre Development (ISCD) Index as the world’s best shipping centre for the fifth year in a row, beating cities including Hong Kong, Shanghai and London. The index, which was published by the Baltic Exchange and Chinese news agency Xinhua, ranks 43 of the largest ports and cities in…
In a piece written for the Parliament Magazine, Violeta Bulc, the European mobility and transport Commissioner explained how the international shipping sector is doing its part to contribute to global climate change efforts. Below are her thoughts: In April, more than 100 countries agreed on an initial strategy to reduce greenhouse gas (GHG) emissions from…
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…
RealWire, an online media presence, has this week issued a press release related to using proven existing technology to curb UK Shipping and Port Industry air pollution. According to RealWire, providing renewable electricity to ships whilst in port in the UK could reduce the equivalent of 1.2 million diesel cars worth of nitrogen oxides pollution…
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.…
According to The Loadstar, Hauliers and logistics operators are warning UK shippers and consignees using the country’s second busiest container gateway, Southampton, of higher land side rates, as costs rise as a result of growing box congestion. The congestion has been a longer term effect of the new alliance structure, which came into effect in April 2017. It was…