Rising costs - News

On 3 September 2022, a ceremony was held to name the new vessel on the Gdynia-Karlskrona line. Champagne was broken on the side of the Stena Estelle ferry by the Deputy Mayor of Gdynia for Economy, Katarzyna Gruszecka-Spychała, the ship's godmother. “Sail on the Baltic Sea, connecting Gdynia with Karlskrona, Poland with Sweden. Be a joy for the crew and passengers on every voyage. Bring glory to those who built you! I name you Stena Estelle,” said Katarzyna Gruszecka-Spychala, and t...

Neste and the University of Helsinki have agreed on a five-year cooperation to support the work of the new CoastClim research centre (Centre for Coastal Ecosystem and Climate Change Research). CoastClim is a new research centre of the University of Helsinki that is carrying out groundbreaking research on the link between the state of the seas and climate change. Combating climate change is at the heart of both CoastClim’s activities and Neste’s strategy. Supporting the research cent...

Chris Davies has been appointed as Group Business Development Lead (Commercial Ship Repair) at A&P and Cammell Laird in a newly established position across both businesses. Chris joined A&P Group as a Business Development Manager Marine in 2018 and has a wealth of connections across the maritime sector. Over the last four years, Chris has been responsible for bringing a range of new customers to A&P from both the commercial and offshore sectors. Dock availability to ship owners Ch...

The first-ever direct container service connecting China and Scotland has berthed at Greenock Ocean Terminal after its maiden voyage – as it gets set to transport over one million bottles of whisky to the Far East. The new east and west bound freight route from Ningbo, China, arrived for the first time at Scotland’s deepest container terminal on Saturday morning at 9.35 am. Partnership and service The service – a partnership between KC Liner Agencies, DKT Allseas and China X...

The acquisition process has now been finalised and Unifeeder becomes part of the DP World Group. They have the pleasure to announce that the acquisition process, which has been initiated in the summer of 2018 has finally come to a close. Unifeeder Group is now part of the DP World Group, an enabler of global trade and an integral part of the supply chain. Sustainable shareholder value They are excited to become part of a company that shares the Unifeeder’s vision of serving the customer...

In the last 12 months, the Port Authority of Valencia (APV) has managed 3,004 containers with shoes destined for 71 countries around the world. The maritime connectivity of Valenciaport allows the footwear industry a greater participation in international trade. America (USA) is the main importer of Valencian and Spanish shoes. Greater maritime connectivity Every day, four containers leave the Valencian docks for 17 American countries. The United States of America (USA) and Mexico lead the ra...

The San Pedro Bay ports of Long Beach and Los Angeles will postpone consideration of the 'Container Dwell Fee' for four weeks, until Sept. 23, 2022. Since the programme was announced on Oct. 25, 2021, the two ports have seen a combined decline of 46% in aging cargo on the docks.  The executive directors of both ports will reassess fee implementation after monitoring data over the next month. Fee implementation has been postponed by both ports since the start of the program. The Long Beach...

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 the West Coast corridor. This huge gap – the norm is usually around a USD 55 East Coast premium – has opened up since 1 July. However, shippers looking to take advantage of the disparity should move quickly, Xeneta warns, as it may begin to narrow across August and September. Si...

While spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route. According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from shippers, the average 40’ HC reefer spot rate stood at a mighty US$ 5230 for the trade on 23 August, compared to dry standard FEUs at US$ 980. At this point, two ye...

The San Pedro Bay ports of Long Beach and Los Angeles have released a final report on the current state and overall feasibility of using clean cargo-handling equipment technology, while working toward the 2017 Clean Air Action Plan (CAAP) Update’s 2030 goal of a zero-emissions cargo-handling fleet. The ports released a draft assessment in March 2022 for public review and comment. It built upon the inaugural 2018 assessment and examined the current state of technology, operational characte...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that a revised working condition for Nigerian Seafarers is a major component of the proposed review of the NIMASA Act and the Merchant Shipping Act currently before the National Assembly for consideration. He stated this during the inauguration of the Tripartite National Joint Industrial Council (NJIC) meeting for the review of minimum standards for Nigerian Seafarers being hosted by the Agency an...

Siemens AG announced new leadership appointments in its Sustainability and Investor Relations departments, effective October 1. Eva Riesenhuber (49), currently head of Investor Relations, will assume the role of global head of Sustainability, and Eva Scherer (38), currently Chief Financial Officer (CFO) of the Rail Infrastructure and Software Business Units at Siemens Mobility, is appointed head of Investor Relations. Sustainability Jenny Bofinger (41), currently head of Sustain...

The construction of a new supersize slipway and new workboat pontoons is now underway at Pembroke Port. It marks a big step forward in the realisation of the Port of Milford Haven’s vision for the Milford Haven Waterway to play a vital role in driving new green growth across the region, while supporting the country’s transition to a net zero future. The new slipway will provide maximum flexibility for the launch and recovery of marine energy devices and vessels, while the pontoons w...

The container throughput trend in the Port of Hamburg in the first half of 2022 was more positive than expected. The total throughput of 4.4 million TEU, 20-ft standard containers in the first six months of the year represented slight growth of 0.9 percent. Growth in container handling Compared to the major competing ports of Antwerp-Bruges, Rotterdam, and Bremen/Bremerhaven in Northern Europe, all reporting downturns in container handling, Hamburg was the only major port in the range to repor...

The new P4G-Getting to Zero Coalition report “Shipping’s energy transition: strategic opportunities in Indonesia” explores the potential for Indonesia to accelerate and benefit from international maritime decarbonisation.  The report finds that Indonesia has several opportunities to leverage the global transition to zero-emission marine fuels toward key national objectives. However, achieving this will require targeted action in order to unlock these opportunities. Inter...

After a period of restrictions due to COVID-19 and the cancellation of many exhibitions, JRC | Alphatron Marine is once again proud to present her products, innovations, and solutions at SMM, one of the world’s largest exhibitions. At the 30th edition of this exhibition they will show a total package with professional deepsea and inland equipment, demonstrate their new modular consoles and introduce the new AlphaRiverPilot MFS. Motion control system At SMM they will present their latest...

The Head of Business Intelligence of the Port Authority of Valencia (PAV), Manuel García, participates in the Seminar ‘International Friendship Cities on Marine Economy and Port Cooperation’. China accounts for 15% of Valenciaport’s total container traffic. Over the last 10 years, Valenciaport has handled five million import and export containers (TEUs) with the Asian country. China is Valenciaport’s main trading partner and represents 15% of the total container t...

The most environmentally friendly marine incinerator is making an impact in the marketplace. Another milestone for the new incinerator, X10 TITAN, is reached. The market has indeed welcomed this incinerator and the company’s order book is counting more than 50 plants since the introduction about 18 months ago. Especially the large international Chinese shipyards have received the X10 TITAN well and already ordered X10 TITAN for containerships, LNG carriers, and tankers. Designed for mo...

Astrup Fearnley, Veracity by DNV, and Microsoft Norway joined forces at this year’s Nor-Shipping to demonstrate how digital innovation can empower industry change, while connecting with tomorrow’s talent today. Lars-Henrik Folke Ossum, Chief Digital Officer at Astrup Fearnley, reveals all. “This was partnership in action – showing how different organisations, industry professionals, students, and a key ocean business arena can work together to address the maritime challe...

International Container Terminal Services, Inc. (ICTSI) is empowering port users to make better, more timely business decisions with the launch of the ICTSI App, a tool that gives port users access to the Company’s newest digital services. ICTSI’s latest innovation grants port users real-time access to critical logistics data across ICTSI’s global operations. Using the app, port stakeholders can monitor trucks, containers, and vessels, as well as view payment estimates from co...

Ocean Wise are proud to announce a recent contract win with the Port of Tyne, in the United Kingdom (UK), to provide an environmental monitoring solution to support operational decision making across the Port of Tyne’s jurisdiction. New monitoring equipment The project involves installation of new monitoring equipment, as well as integration with a suit of existing sensors, in order to deliver ongoing, accurate and reliable, real-time tide and weather data. The Port of Tyne is one of UK...

Rolls-Royce announces that Tufan Erginbilgic has been appointed Chief Executive Officer and an executive director of Rolls-Royce Holdings plc. Tufan will take up his new role on 1 January 2023, succeeding Warren East who, on 24 February 2022, announced his intention to step down at the end of this year. Tufan, who has a background in engineering, has built his career in international business including over 20 years with BP, with five years as part of its executive team. In his last role before...

Maersk successfully completed the first India-Bangladesh cross-border logistics of containerised cargo using the inland waterways of the Indo-Bangladesh Protocol Route for Coca-Cola Bangladesh Beverages. By transporting 50 containers (TEUs or Twenty Feet Equivalent Units) from Kolkata in India to a river port near Dhaka in Bangladesh on a barge on the National Waterways 1 on the India side, Maersk has created a new opportunity for customers to use the faster, more reliable inland waterways solu...

SCH’s (Southampton Cargo Handling Plc) sister company - Cruise and Passenger Services Ltd (CPS) has expanded its cruise parking operations in Liverpool, United Kingdom (UK), with the acquisition of a new secure compound for passenger vehicles. The site located adjacent to Liverpool Cruise Terminal (LCT) can accommodate over 100 cars and will enhance the service provided by LCT for passengers who are boarding cruise ships in the port of Liverpool. Cruise and Passenger Services Ltd (CPS)...

SEE MONSTER, a decommissioned North Sea offshore platform that is set to become one of the UK’s largest public art installations, arrived by sea in Weston-super-Mare on Tuesday, 12 July. The transformation of the platform is a world-first that aims to inspire global conversations about the repurposing of large industrial structures and design-led solutions to sustainable futures. Transport and construction The 450-tonne platform will be transported on a flatbed barge as large as a footb...

    HyCC has launched Project H2era to construct a 500-megawatt green hydrogen plant in the Amsterdam port area. The project, launched in cooperation with the Port of Amsterdam, is a major step forward in the development of the regional hydrogen economy to help decarbonise industry and mobility. Green hydrogen “The use of green hydrogen is crucial to reduce emissions from industries such as steel, chemicals, and aviation,” says Marcel Galjee, Managing Directo...

Unifeeder is delighted to announce that they have signed a three-year deal with technology company -  ZeroNorth, as part of their green agenda strategy. The deal will see Unifeeder implement the full suite of services included in ZeroNorth’s platform, as well as ClearLynx’s bunker solution, as part of the company’s ambitious decarbonisation efforts and green agenda strategy. Unifeeder – ZeroNorth partnership The partnership with ZeroNorth will give the Unifeeder f...

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners, announces that it has entered into agreements for the construction of three high-specification 85,000 dwt ECO-type dual-fuel Kamsarmax vessels, which will be equipped with the latest and most efficient propulsion system. Additionally, the Company announces the sale of two Ultramax vessels, Golden Cecilie and Golden Cathrine. Seven newbuilding vessels The newbuilding vessels will have the same specificatio...

The Valencia Container Freight Index (VCFI) for June 2022 has broken its upward trend with a decrease of -2.19% compared to the previous month. Since July 2020, when it fell by 2.72%, the trend has been one of constant growth (except for February 2022 with -0.19%). The Index stands at 4,647.32 points, accumulating a growth of 364.73% since the beginning of the series in 2018. As for the different areas that make up the VCFI, the general trend has been downward, with the Central America and Car...

The company Zeleros presented this morning in the Port of Sagunto its SELF (Sustainable Electric Freight-forwarder) project to develop its sustainable container movement system based on the hyperloop initiative, which will have a test track located in the Sagunto area. The event was attended by the president of the Port Authority of Valencia (PAV), Aurelio Martinez, the mayor of Sagunto, Dario Morena, and the CEO of Zeleros, David Pistoni. Innovation and sustainability The president of Vale...