World Maritime News

September 29, 2021

Regulators’ close watch on supply chain crisis and rate freezes implemented by shipping lines European, US, and Chinese regulatory authorities attended the virtual meeting to address the global supply chain crisis. In a joint statement following the meeting, they focused on sectoral developments since the start of the pandemic, including an analysis of supply and demand and identification of bottlenecks in the ocean-linked supply chain and the cause of service disruptions. They also looked at a

World Maritime News (17)

September 15, 2021

World Maritime News

Green shipping Groups sees methanol bet as a step in the right direction Green Shipping advocates have praised Maersk’s decision to opt for methanol-fueled ships, saying that the fuel has significant advantages over its rivals. On the other hand, classification societies have warned it will be hard for Maersk and other methanol adopters to source enough renewable supply, which is key to making the fuel carbon-neutral. To get enough renewable methanol to run its eight new container ships, Maers

World Maritime News (16)

September 02, 2021

World Maritime News

Supply chain disruption is expected to continue The sheer level of the demand pushed the container supply chain to its limit. Carriers were unable to address an equipment shortage, ports became clogged and terminal inefficiencies were laid bare. Coronavirus-related restrictions on staffing, meanwhile, did little to ease the logistical logjam that had unfurled globally. And the congestion chaos is still far from being resolved nearly 12 months on. Container lines are struggling to inject a huge

World Maritime News (15)

July 29, 2021

World Maritime News

EU Proposes tax on all shipping emissions and to limit polluting fuels The European Commission has unveiled its plan to tax almost 70% of emissions from voyages to the European Economic Area. It also wants ships to burn less greenhouse gas-intensive fuels, some bunkers to be taxed for the first time, and ports to provide more LNG and onshore power supply. Maersk supports the phased-in approach of the EU emissions trading system. However, other shipping groups repeated their warning that extend

World Maritime News (14)

July 15, 2021

World Maritime News

High Container Freight Rate Contract containerized freight rates have witnessed an “astronomical” hike in the first six months of this year and are expected to remain elevated for at least the medium term. Strong demand in the US and Europe continued to be the main driver of rates performance. Port congestion and equipment shortage remain contributing factors. Carriers’ efforts to increase their fleets would not bear fruit until 2023-2024. The high freight rates of the main lines pushed up the

World Maritime News (13)

July 01, 2021

World Maritime News

IMO adopts new emissions measures IMO Marin Environment Protection Committee has adopted operational and technical efficiency requirements for international shipping, which will come into effect in November 2022, but begin applying in 2023. One of the core elements of this package measures is the Energy Efficiency Index for Existing Ships, which will force existing vessels to improve their efficiency on par with newbuilds that are already bound by such requirements. The other key measure of th

World Maritime News (12)

June 10, 2021

World Maritime News

No easy recovery ahead for container shipping The container shipping market is suffering from spot rates vastly exceeding any previous records and atrocious schedule reliability. The newest data from Sea-Intelligence Maritime Consulting show that despite improvements, 78 percent of vessels arriving at US West Coast ports are late, with an average delay of 10 days. Aside from the pandemic itself, there is not a single root cause of these maladies. The situation is one of intertwined bottleneck

World Maritime News (11)

May 27, 2021

World Maritime News

IEA Special Report: Pathway to critical and formidable goal of net-zero emissions by 2050 is narrow but brings huge benefits World’s first comprehensive energy roadmap shows government actions to rapidly boost clean energy and reduce fossil fuel use can create millions of jobs, lift economic growth and keep net zero in reach. The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how en

World Maritime News (10)

May 13, 2021

World Maritime News

Asian container ports most efficient globally: World Bank, IHS Markit Index Asian container ports have been the most efficient during a prolonged surge of exports that has fed Western economies and challenged their ports, according to a new index launched by the World Bank andIHS Markit on 5 May. East Asian ports specifically dominate the Container Port Performance Index, which is based on the total port hours per ship call, cross-referenced with workload achieved. Yokohama leads the index, fo

World Maritime News (9)

April 28, 2021

World Maritime News

Container equipment shortages push up container prices Container equipment shortages across the main trade lanes look set to continue, despite efforts by carriers to reposition and bring additional capacity into the market. The heavy demand for containerized shipping and the difficulties of handling such huge volumes, means the current equipment imbalance can be expected to deteriorate, predicted CEO and founder of Container xChange. The price was being driven by the urgent demand for equipmen

World Maritime News (8)

April 15, 2021

World Maritime News

Asia-US trade surge pulls down North American port productivity For North America (the US and Western Canada), current volume has consistently been running above the prior years throughout the last six months. It is worthy to note that containers imported from Asia since October have generally been declining. The port was running short-handed because of the pandemic and the port’s capacity was effectively reduced. Once a port gets behind, it becomes exponentially harder to catch up. Now, even

World Maritime News (7)

April 01, 2021

World Maritime News

Ports prepare for Suez surge Ever Given（Flag Panama Built 2018 20,388TEU GRT 220,940）land around 0540 GMT 24 March 6NM north of the south entrance of the Suez Canal and refloated 29 March and Suez Canal Authority (SCA) chairman Osama Rabie told reporters that 113 ships were expected to transit the canal in both directions by early morning 30 March. Attention is now turning to the surge of imports that are due to arrive at Europe’s shores as vessels begin to transit the canal. Terminals will ex