Drewry’s composite World Container index increased 2.9% or $291 to $10,374.64 per 40ft container. Our detailed assessment for Thursday, 16 September 2021 • The composite index increased 2.9% or $291 this week, and also, remains 323% higher than a year ago. • • The average composite index of the WCI, assessed by Drewry for year-to-date, …
COVID-19 has wreaked havoc on supply chains around the world, and shows little sign of abating after a surge in new infections across Asia has enforced a partial shutdown of one of the world’s busiest container ports – Ningbo-Zhoushan. China’s Yantian port was also forced to close for over a month across May and June …
How Can Shippers Navigate A ‘Perfect Storm’ In Their Supply Chains? Read More »
The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has now blown through all previous records and is rising by the day. There were an all-time-high 65 container ships in the queue in San Pedro Bay on Thursday, according to the Marine …
Record shattered: 65 container ships stuck waiting off California Read More »
Vitol’s Singaporean bunker operations company, V-Bunkers, has placed an order to build two electric-hybrid bunker tankers. V-Bunkers intends to deploy these bunker tankers for harbour operations in Singapore, thereby significantly reducing carbon emissions within the port. The bunker tankers are being built with Electric-Hybrid notation and will employ state of the art Energy Storage Systems …
Vitol’s V-Bunkers to bring electric-hybrid bunker tankers to Singapore harbour Read More »
The Maritime Safety Administration of the People’s Republic of China (PRC) notice of 27 August 2021 contains information on the type of ships covered by this requirement, the information that must be reported and how the reporting shall be made. Oasis P&I Services’ circular contains an English translation of the requirements. The China Navy Hydrographic …
Reporting requirements for foreign vessels entering China’s territorial sea Read More »
Woodward L’Orange is one of the world’s leading manufacturers of injection systems and engine components for large diesel engines. It is now offering the marine industry flexible engine technology towards achieving compliance with a 50% greenhouse gas target set for 2050. The increasing use of green hydrogen forms the basis to cost-competitive synthetic fuels with …
Woodward L’Orange Offers Flexible Engine Technology to the Marine Industry Read More »
In recent months, COVID-19 has put incredible pressure on global supply chains. But it’s not just the pandemic that is causing unforeseen pressure on the UK supply chain. We have an ageing infrastructure, a chronic HGV driver shortage, record-high prices and record low space availability on sea freight options, new rules in trading with the …
Overcoming the challenges faced in supply chains Read More »
Navigator Gas has been awarded a new Approval in Principle (AiP) for an ammonia fuelled gas carrier design from classification society DNV. An industrywide consortium, including MAN Energy solutions, Babcock International, and the Norwegian Maritime Authority (NMA), has collaborated with Navigator Gas to achieve the Approval in Principle (AiP) from DNV. The awarding of the …
Navigator Gas awarded DNV AiP for new ammonia fuelled gas carrier design Read More »
Paul Elsom recently marked the anniversary of 14 successful and rewarding years with Peters & May Given his pivotal role as the firm’s Global Technical Director, his desk essentially represents the intersection where tech teams, loadmasters and sales teams coordinate. In his current capacity, Paul oversees P&M’s technical department and a five-strong yard technical support …
Watson Farley & Williams (“WFW”) has advised certain lenders in connection with newly arranged secured term loan financings used to assist Navios Maritime Acquisition Corporation (“Navios Acquisition”) finance part of the redemption price of its outstanding 8.125% First Priority Ship Mortgage Notes. Specifically, WFW acted for Hamburg Commercial Bank AG as mandated lead arranger, agent …
WFW Advises Lenders On Secured Term Loan Financings For Navios Acquisition Read More »
