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Global Container Port Congestion Squeezes Operators’ Margins

Global container port congestion has increased port operators’ costs and put pressure on their margins, Fitch Ratings says. However, the operators’ performance has been supported by the strong rebound in volumes in 2H20 and 2021. We expect bottlenecks to be resolved by 2022, although some supply chain changes could be permanent. Demand for container transportation …

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Decarbonisation winners and losers

As a sector at the “forefront of the climate change challenge”, the maritime sector is stepping up to its climate change mitigation and resilience building responsibilities, according to UNCTAD. But while the UN’s trade body commends and supports the International Maritime Organization (IMO) framework for its “clear goals, milestones and regulations” on reducing greenhouse gas …

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Drewry: World Container Index Increased by 4.7% On Week and 333% Compared to a Year Back

Drewry’s composite World Container index increased 4.7% or $397 to $8,795.77 per 40ft container. The composite index increased 4.7% or $397 this week, and also, remains 333% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,760 per 40ft container, which is $3,716 higher than the …

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LNG shipping outlook bullish as oversupply risk drops

Higher prompt LNG shipping rates are breaking seasonal patterns, signalling a tighter market over the next year, say shipowners. The bullishness comes despite minimal new liquefaction in 2022 and the arrival of over 30 new modern vessels. Spot rates for TDFE/DFDE and MEGI/XDF (Two-Stroke) vessels have overtaken long term rates, which is an unusual pattern …

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Sinopec’s tight bonded bunker quota likely to squeeze supplies, boost prices at China ports

China’s top low sulfur fuel oil producer Sinopec is likely to use up its export quotas for bonded bunkering in August, which would lead to tight supplies at the country’s bonded bunkering ports until new allocations are issued, market sources with knowledge about the matter told S&P Global Platts July 9. With an additional quota …

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Normalized demand, not regulation, will solve supply chain delays

The Covid-19 cargo congestion brought on by extreme demand in combination with operational disruptions is very real and felt across supply chains globally. In the U.S. in particular, all parts of the supply chain are facing unprecedented pressures – there is a lack of rail and truck capacity, warehouses are full, and ports are bursting …

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Arab container flow to Brazil is underused

After Brazilian exports are shipped to the Arab countries, the reverse flow of containers has not been well used, pointed out Jean Stoll (pictured above) , global director of protein and dairy products at A.P. Moller-Maersk. The executive participated in the webinar ‘Logistics and transport between Brazil and Arab Countries: Opportunities, challenges and the role …

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The Ever Given’s stranding in the Suez Canal

The Ever Given, one of the world’s largest container ships, has been cleared to leave the Suez Canal after the canal authority reached a settlement with the vessel’s owner and insurers. The ship blocked the canal for six days in March, disrupting world trade. GROUNDING The Ever Given, operated by Evergreen Line, ran aground on …

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Stena Line aim to reduce emissions by 5 % using AI

During the last month the AI assistant Stena Fuel Pilot has been successfully introduced on two more Stena Line vessels, Stena Flavia and Mecklenburg-Vorpommern. In total, 7 Stena Line vessels now operate with AI assistance, with the aim to reduce fuel consumption and CO2 emissions by 5 %. The Stena Fuel Pilot started as a …

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In focus: Bridging the gaps in hydrogen technologies

A collection of energy transition-related updates across the industry was heavily focused on hydrogen and its role in reaching net-zero goals. Premium content You are currently not logged into your account. Register and get a two week trial. You need javascript to validate your login status. Premium Premium content Would you like to read on?Do …

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