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Trading prices and leasing rates decline for second-hand containers

The latest container logistics report issued by Container xChange, a marketplace and technology infrastructure provider for container logistics companies, indicates a decline in average prices for second-hand containers. The report also shows a decline in average one-way pickup charges for containers Ex China to Europe North, Europe Med, Northeast Asia and the Middle East and …

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Displaced Russian barrels mean ‘permanent changes’ to tanker trade: International Seaways

Impacts to trade flows seen from geopolitical fallout of Russia’s invasion of Ukraine are expected to have long-lasting bullish effects in the tanker market, tanker owner International Seaways said May 4. “We anticipate permanent changes to oil movements and trade patterns related to Russia’s invasion of the Ukraine,” CEO Lois Zabrocky said in the company’s …

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Operator of World’s Largest Construction Ship Renews Deal with Peplink

Peplink – a company that makes connectivity reliable, and Frontier BV – a business IT specialist and a key Peplink European distributor, will be upgrading Allseas’ fleet of construction vessels, including the Pioneering Spirit. Everyday, Peplink technologies ensure reliable network connectivity in thousands of enterprises in retail, industrial, public safety, healthcare and government organizations. Peplink’s …

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Drewry: World Container Index Down For Yet Another Week, But 41.2% Higher Than Last Year

Drewry’s composite World Container Index decreased by 0.5% to $7,727.84 per 40ft container this week. Our detailed assessment for Thursday, 5 May 2022 The composite index decreased by 0.5% this week, but, remains 41.2% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,830 per …

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UAE ministry recognises work of regional head of Mission to Seafarers

The Ministry of Energy and Infrastructure on Wednesday acknowledged the efforts and achievements of the Mission to Seafarers charity and its regional director, Andy Bowerman, in supporting seafarers during the pandemic. The charity, which represents ships’ crews worldwide, has provided support in recent years to marine crews who have run into difficulties off the UAE …

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Shipping CO2 provides flexibility to reach storage sites

For the ongoing campaign of #TenTTuesday, Bellona Europa and Clean Air Task Force (CATF) hosted an event on the 6th of April: Transport of CO2 to Permanent Storage: A Missing Piece in Europe’s Industrial Decarbonisation Plan. The event brought together different actors on the topic,one representative being Kim Bye Bruun, communications and government relations director …

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China lockdowns are not causing shipping chaos, say liner CEOs

It was predicted that China lockdowns would cause container shipping havoc. Six weeks into Shanghai lockdowns, it still hasn’t happened. Two liner CEOs — Maersk’s Soren Skou and Matson’s Matt Cox — explained why. “The port [of Shanghai] is open and operating,” said Skou on Wednesday’s quarterly earnings call. Trucking and warehouse disruptions “are slowing …

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SEACOR Marine Announces First Quarter 2022 Results

SEACOR Marine Holdings Inc., a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its first quarter ended March 31, 2022. SEACOR Marine’s consolidated operating revenues from continuing operations for the first quarter of 2022 were $45.6 million, operating loss was $17.1 million, and direct vessel profit …

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Yara mulls IPO of clean ammonia business

Norwegian chemical company Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange. Courtesy of Yara As explained, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean …

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