Thursday, November 4, 2021
Shipping

Suez Canal to Hike Ship Tolls by 6% Starting in 2022

The Suez Canal Authority plans to raise tolls by 6% on ships transiting the waterway next year, the canal authority’s chairman Osama Rabea said on Thursday. The transit fee hike...

November 4, 2021
Total Views: 2547

Environment

US Views on Shipping’s Voyage to Zero Carbon Presented at COP26 Event

The COP26 confab in Glasgow has seen numerous breakout meetings and sidebar events, on both sides of the river. An excellent three-day meeting on the south side of the Clyde...

November 4, 2021
Total Views: 517

Wednesday, November 3, 2021
Environment

Are Ship Backlogs Contributing to Higher Air Pollution Near Key U.S. Ports?

Satellite observations of nitrogen dioxide near key U.S. ports suggest that increased shipping activity and backlogs may be affecting air quality. Congestion at the United States’ busiest ports has been...

November 3, 2021
Total Views: 1311

Ports

FMC Head Expects to Find Abuses in How Container Lines Assess Detention and Demurrage Fees

WASHINGTON, Nov 2 (Reuters) – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers,...

November 3, 2021
Total Views: 1650

maersk tanker
Environment

Maersk Tankers Boss Says Customers Will Pay to Clean Up Shipping

By Jack Wittels (Bloomberg) — The head of a major shipping company wants a carbon tax for his industry by 2025, and he’s confident his customers are willing to pay for...

November 3, 2021
Total Views: 1327

strait of hormuz
Shipping

Pentagon Denies Iran Claim It Blocked US Attempt to Seize Oil Tanker in Sea of Oman

WASHINGTON/DUBAI, Nov 3 (Reuters) – The Pentagon on Wednesday rejected claims by Iran’s Revolutionary Guards that they thwarted an attempt by the United States to detain a tanker carrying the...

November 3, 2021
Total Views: 1806

Tuesday, November 2, 2021
Shipping

ITF Says Merchant Marine Academy Sexual Assault Case Shows Urgent Need to Make Maritime Safe for Women

The International Transport Workers’ Federation (ITF) says the recent report of sexual assault by a U.S. Merchant Marine Academy cadet during her at sea training brings shame on the shipping...

November 2, 2021
Total Views: 1744

Shipping

The COP26 Gathering and Upcoming IMO Meeting, With a Sprinkling of US Strategy

Alternative zero carbon fuels for shipping are in the pipeline, with uncertainties that are too numerous to mention. Unfortunately, shipping people don’t really have much time for imponderables. The COP26...

November 2, 2021
Total Views: 572

Ports

Maersk Says Port Delays Will Stretch Into New Year

By Stine Jacobsen COPENHAGEN, Nov 2 (Reuters) – The chaos that has bedeviled global supply chains in recent months will extend into next year, with a lack of truck drivers...

November 2, 2021
Total Views: 1580

Matson-containership-Daniel-K.-Inouye
Shipping

Matson Commits to Net Zero by 2050 Climate Goal

U.S.-based ocean carrier Matson (NYSE: MATX) has announced a goal of achieving net zero greenhouse gas emissions from its fleet by 2050. The goal was announced alongside the release of...

November 2, 2021
Total Views: 591

Shipping

Maersk Expands Air Freight with New Boeing Planes, Senator International Acquisition

COPENHAGEN, Nov 2 (Reuters) – Denmark’s A.P. Moller-Maersk said on Tuesday it will buy freight-forwarder Senator International along with two Boeing aircraft, the firm’s latest move to boost its businesses...

November 2, 2021
Total Views: 1891

Shipping

Maersk Reports Record-Shattering Quarterly Earnings Amid Continued ‘Exceptional Market Situation’

The world’s largest shipping line tripled its earnings in the third quarter with no end in sight to supply chain disruptions driving high freight rates. A.P. Moller – Maersk reported...

November 2, 2021
Total Views: 4064

Monday, November 1, 2021
Ports

West Coast Ports Face 2022 Labor Clash Amid Snarls

By Augusta Saraiva (Bloomberg) — With a near-record 75 container ships waiting outside the U.S.’s largest port complex in southern California, unionized dockworkers have strengthened their indispensable role in the supply chain. Facing...

November 1, 2021
Total Views: 1952

Ports

Maersk to Set Up Logistics Park at Saudi Arabia’s Jeddah Islamic Port

Danish shipping giant Maersk has signed an agreement with Saudi Ports Authority “Mawani” to set up an Integrated Logistics Park at the Jeddah Islamic Port in Saudi Arabia. The agreement...

November 1, 2021
Total Views: 1279

smoke pollution coming from a container ship
Shipping

At COP26, Denmark, US and Other Nation’s Back Tougher Climate Target for Shipping

By Kate Abnett, Jonathan Saul and Ilze Filks GLASGOW, Nov 1 (Reuters) – Denmark, the United States and 12 other countries on Monday backed a goal to reduce emissions by...

November 1, 2021
Total Views: 1753

Shipping

Rising Cost of Christmas Ornaments Shows Supply Chain Challenges Facing Manufacturers and Retailers

By Bloomberg News (Bloomberg) — This year, the Chinese city of Yiwu — the world’s biggest hub for the manufacture of plastic reindeer, twinkle lights and other Christmas paraphernalia — is feeling a...

November 1, 2021
Total Views: 625

ship loading coal
Shipping

Dry Bulk Market: Room for Some Bouncing Around with Doomsday Not on The Horizon

Savvy traders, analysts and math whizzes had seen it coming- the drybulk market’s “parabolic rise” during September was simply not sustainable. Big drybulk ships, which at end Summer were logging charter...

November 1, 2021
Total Views: 751

Hapag-Lloyd Container-ship BOSTON EXPRESS
Shipping

Shipping Lines Could Be Sailing Towards Astonishing $200 Billion Profit This Year

By Mike Wackett (The Loadstar) – With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts....

November 1, 2021
Total Views: 2522

Friday, October 29, 2021
Shipping

Containership Charter Rates Fall for First Time in 16 Months

Containership charter rates fell for the first time in at least 16 months in what could be the first sign of container freight rates easing. This is according to the...

October 29, 2021
Total Views: 3179

Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California
Shipping

Biden Port Envoy Vows Alliance Will Help Break California Logjam

By Michael Sasso (Bloomberg) — President Joe Biden’s point-person for clearing the supply-chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State....

October 29, 2021
Total Views: 1304