South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3 700 more expensive for shipping 40’ containers from the Far East to the South American East Coast, compared to …
Xeneta real-time container rates update: week 33 Read More »
A bill of lading dispute in Sea Master Special Maritime Enterprise & another v. Arab Bank (Switzerland) Ltd (Sea Master) [2022] EWHC 1953 (Comm) raised issues as to whether the bank financing the purchase of a cargo, and the holder of a switch bill of lading for the cargo, was a party to the arbitration …
International Maritime Organization (IMO) has set ambitious goals to reduce shipping greenhouse gas (GHG) emissions by 50 % by year 2050. Discussion on lowering the emissions has largely been focused on using new green fuel options, such as hydrogen, ammonia and methanol. However, innovations and improvements in propulsion technology and hull form should not be …
It’s time for the “holiday voyagers” to embark: 14 high school students from across Germany are setting sail with Hapag-Lloyd again this summer break. One of them is Hans Günther Hecking from Wismar in Mecklenburg-Western Pomerania. The 10th grader has signed on to spend four weeks on board the “Tsingtao Express” container ship. His voyage …
Summer break on the high seas: Hapag-Lloyd starts 2022 “Holiday Voyager Programme” Read More »
Through this new step, the CMA CGM Group strengthens its initiatives to protect the environment and preserve biodiversity in the United States and worldwide. The CMA CGM Group, a global player in sea, land, air and logistics solutions, in partnership with Woods Hole Oceanographic Institution deployed a second acoustic monitoring buoy, aptly named CMA CGM …
Pent-up demand resulting from the coronavirus pandemic and increased ton-miles due to some clean tanker operators’ reluctance to carry Russian oil products boosted freight rates for Torm in the second quarter, the company said Aug. 18. However, demand concerns are hovering over the market and the strength in Q2 could dissipate over Q3 as cost-of-living …
Torm sees boost for clean tankers in Q2 but demand headwinds lurk ahead Read More »
Rhenus Warehousing Solutions has signed an agreement to acquire the Danish company DKI Logistics A/S and its warehouse investment affiliate DKI Automatic A/S (both together “DKI”). The logistics provider specialises in complete warehousing and supply chain solutions with customised value-added services. With the acquisition, Rhenus Warehousing Solutions expands its presence in Europe to the Nordic …
Rhenus Warehousing Solutions acquires Danish third-party logistics provider DKI Read More »
The Baltic Exchange’s main sea freight index fell on Thursday as capesize vessel rates saw their biggest daily plunge since the onset of the COVID-19 pandemic, in May 2020 on lower iron ore demand. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 74 points, or 5.3%, at …
UPDATE 1-Baltic index falls on biggest capesize dip in over two years Read More »
Aspin Kemp & Associates Inc. (AKA), an energy integration and electrical engineering company, and e-Link Commuting Co. Ltd (e-Link), a company transforming human and package mobility on the water, announced a collaboration to develop a new class of waterway vessels powered entirely by sustainable energy. To design and build this new class of vessels, the …
El proyecto, adjudicado en agosto de 2021 a la empresa BOSIR, SA, ya ha ejecutado el cambio de 704 proyectores de un total de 906 Con este cambio el Port ha reducido un 39% en consumo energético y prevé llegar hasta el 50% con el ahorro de 1,4 MWh/año El sistema de alumbrado público en …
