They have published a new document discussing why the concentration in the origins of traded products is widespread, prompting questions about whether to diversify or decouple. This in turn means that trade patterns are expected to change, as recent economic and geo-political shocks have exposed weaknesses in supply chains. Their main points are: No region…
From November 2022 new frameworks have come in which require ships to improve their energy efficiency in the short term, reducing their greenhouse gas emissions in the longer term and lowering their carbon intensity. From 1 January 2023 it will be mandatory for all ships to calculate their attained Energy Efficiency Existing Ship Index (EEXI)…
The replacement for CHIEF has already experienced delays in the switchover, and was expected to finally come into force in January, however this has now been pushed back to November to allow for more testing. It could also mean that in reality it could be at least into 2024. There have been reports of multiple…
BCOs and forwarders can now negotiate collectively to buy zero emission scalable fuels, following the launch of a scheme at Cop (ZEMBA), within the ‘Roadmap to 2040’ for Zero Emission Vessels (coZEV). The ‘Roadmap’ presents new action areas for cargo owners seeking to accelerate deployment of zero emission shipping, engage in maritime decarbonization policy, and…
The pressure is on for the maritime industry to decarbonise. To help navigate these complex challenges, DNV has gathered up-to-date information to help turn uncertainty into confidence. They have published their Maritime Forecast to 2050 which outlines their findings, some of which are detailed below: Newbuild vessels are increasingly being ordered ready to run on…
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…
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…
Following two months of negotiations by the United Nations and Turkey, there’s finally a signed agreement to re-open three of Ukraine’s Black Sea ports for grain shipments opening the route for significant volumes of food exports. Guarantee of safe passage UN Officials have said that Russia and Ukraine have the elements in place such as…
It’s only been just over a year since the Ever Given, a giant 20,000 TEU (Twenty-Foot Equivalent Unit) capacity container ship, ran aground in the Suez canal causing trade chaos for a week until it was freed. And now another of Evergreen’s massive, albeit half the size of the Ever Given, has run aground in…
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