There is so much discussion about the regulatory side of maritime decarbonisation. And there is so much complaining about uncertainty and about the need for clarity and certainty. As if the future can be known and all that is needed is to have it laid out on a map – neatly organised, defined and preordained …
Decarbonisation and contracts in the world of international maritime trade Read More »
The US Federal Maritime Commission’s (FMC) increased scrutiny of liner shipping congestion charges should give cause for concern for container ship operators, according to shipping law specialist Holman Fenwick Willan (HFW). Earlier this month, the FMC initiated an expedited Enforcement Inquiry into the legality of congestion charges, in particular demurrage and detention charges. The catalyst …
Drewry’s composite World Container index increased 2.1% or $204 to $9,817.72 per 40ft container. Our detailed assessment for Thursday, 26 August 2021 • The composite index increased 2.1% or $204 this week, and also, remains 351% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is …
Drewry: World Container Index up 2.1% Last Week, 351% Higher Than a Year Ago Read More »
Container ships stuck off Los Angeles/Long Beach are grabbing the headlines — with a record-tying 40 at anchor on Friday. But there’s another massive shipping traffic jam out there, one that’s holding up even more cargo. This other, less-publicized tale of seaborne gridlock is set in China and it’s not about container ships, it’s about …
China bulker pileup dwarfs California container-ship gridlock Read More »
Höegh LNG Partners LP Friday reported its financial results for the quarter ended June 30, 2021. Highlights • Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is the Partnership’s highest priority • No reported cases of COVID-19; 100% availability of FSRUs for …
Höegh LNG Partners LP Reports Decreased Net Income During the Second Quarter of 2021 Read More »
Grains ships and vessels transporting other products on the Paraguay River are loading at around half capacity due to a historic drought that has hit river levels in the South American region, hurting trade of key agricultural commodities. Industry insiders said that many cargo holds on ships were being left empty, travel times were being …
Paraguay grains ships cut loads, face delays as river levels drop Read More »
There are at least four well-funded companies focused on competing to supply broadband from space in low-earth orbits. The market for these services is vast, but it particularly benefits shipping, as providers say they can offer seamless connectivity around the globe. Richard Branson’s Virgin Orbit, Elon Musk’s Starlink, Kepler Communications, a Canadian venture capital-backed provider, …
Shipping will gain from the race for broadband in space Read More »
Core Businesses Grindrod’s core businesses, comprising Port & Terminals, Logistics, Bank, and Group, reported strong headline earnings of R345 million and a trading profit of R779 million. The headline earnings from core businesses reflect a significant improvement in business performance compared to the six months ended 30 June 2020 as the operations recovered from the …
Grindrod Limited Confident on Financial Performance Over the Coming Months Read More »
Herberg Systems, a German software company developing solutions for ship managers and commercial ship operators, and TK Intertrade, known as a sales and service company, offering machinery spare parts, maintenance materials and repairs for the marine industry, announce a sales partnership in digital solutions for shipping companies. TK Intertrade extends its portfolio by Herberg Systems’ …
An attempt made by offshore accommodation rig provider Prosafe to appeal a court’s decision in its case against Westcon, related to the conversion of the Safe Scandinavia unit, has been rejected by the Supreme Court. The dispute between Westcon Yards and Prosafe was related to a substantial cost overrun of Westcon’s price estimate for the …
Supreme Court rejects Prosafe appeal in Westcon case Read More »
