Rising costs - News

The UK government has selected eight new freeports in England, as a means to boost trade, jobs and investment, across the country. The special taxation and customs rules for the freeports will help businesses develop new facilities and operations, to trade and manufacture goods more cost-effectively, countering the effects of other complications, such as Brexit and COVID-19 pandemic.  Early deliverability of opportunities for new businesses is the key, with Solent Gateway Ltd, at Marchwood...

The Seafarers’ Charity has worked with Seafish, The Money Charity and other stakeholders to develop a new training course on money management for new entrants to fishing. The training will set new recruits on the right financial path and enable an understanding of how to manage fluctuations in income, the complexities of budgeting and making credit choices as well as the range of free resources which can help with money management. The charity’s ‘Fishing Without A Safety Net&...

Xeneta’s Long-Term XSI Public Indices has revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August 2021 and an unprecedented 28.1% jump in July 2021, leaving rates now standing 91.5% up year-on-year. What’s more, Oslo-based Xeneta reports there is little evidence to suggest a weakening of market fundamentals – meaning there could be more pain in store for shippers, with...

CMA CGM has advised that in order to recover schedule reliability on SAFRAN service, connecting Europe with East Coast South America, the Le Havre call suspension will be extended for a further eight-week period. Le Havre call suspension extended The service change is effective m/v CAP SAN AUGUSTIN voy. 0EWAHS1MA, starting her rotation in Rotterdam ETS, on October 20th, 2021. SAFRAN's rotation will be temporarily adjusted as follows: Rotterdam (Thu/Fri) - London Gateway (Sat/Sat) - Hamburg (...

Stena Line is to continue its expansion on the Baltic Sea during 2022, increasing both freight- and passenger capacity. The Swedish family-owned ferry company announces that they will deploy their two new 240-metre-long fuel-efficient E-Flexer ferries, on the Nynäshamn-Ventspils in 2022. Stena Line also announces plans to increase the capacity on the Karlskrona-Gdynia route with the deployment of the two large and modern ferries Stena Scandica and Stena Baltica. Freight and passenger capa...

A near-record backlog of cargo ships in Southern California could have serious ramifications for the US economy. The build-up of cargo ships carrying key exports from China, including electronics, furniture, and toys, threatens to increase shortages and price hikes in the US ahead of the holiday season. The dozens of hulking cargo ships wait an average of nearly 10 days to dock and unload, according to data from the Port of Los Angeles. Container vessels Los Angeles a...

Sustainable transport solutions will open up a greener Blue Water. That is why BWS has welcomed Per Jakobsen, who will contribute to the green transition through innovative solutions, internal development, and close collaboration with external climate partners. Creating green solutions “I am looking forward to creating green solutions which are both easily available as well as easier to see through, making the value visible for our clients and their clients," says Per Jakobsen, who...

Signatories of the Call to Action for Shipping Decarbonisation urge pioneers to align shipping with the Paris Agreement temperature goal. The private sector is already taking important steps to decarbonise global supply chains. Now governments must deliver the policies that will supercharge the transition and make zero-emission shipping the default choice by 2030. Full decarbonisation of international shipping is urgent and achievable. This is the clear message from Unifeeder and more than...

In his keynote speech at the London International Shipping Week (LISW21) conference, held at the International Maritime Organisation (IMO), Soren Toft, CEO, MSC Mediterranean Shipping Company, discussed the current economic environment, the pressure the whole supply chain is facing and how the industry is evolving to ensure growth in a disrupted world. Emphasising shipping’s role as the backbone of global trade with a huge influence on the global economy, Soren explored the current st...

Kinder Morgan, Inc., one of North America’s largest energy infrastructure companies, is partnering with Neste, one of the providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals. Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the prim...

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners announces that it has entered into an agreement for the construction of three high-specification latest generation 85,000 dwt ECO-type Kamsarmax vessels, which will be constructed at a first-class Chinese yard. Propulsion system The vessels will be equipped with the latest and most efficient propulsion system, contributing to significant improvements in fuel consumption and emissions performance. The vessel...

New study from maritime professional services organisation points to potential future supply chain upheaval, from energy transition uncertainty, with leaders calling for ambition to be turned into immediate action. Leaders from across the global supply chain are calling for immediate action on maritime decarbonisation, if a successful energy transition to zero-carbon supply chains is to be achieved. Call for action on maritime decarbonisation Drawing views from leaders across the global suppl...

Satcom Direct (SD), the business aviation solutions provider, has bolstered its training curriculum with the addition of a newly developed Aviation CyberThreat Awareness course. The online, self-paced program, designed for end users, delivers a comprehensive understanding of how to minimise digital risk, and ensure company compliance, by making simple changes in digital behaviour and device handling. Implementing data security The program explores how human and technical factors, im...

MAN Energy Solutions and ANDRITZ Hydro have completed a strategic framework agreement to jointly develop international projects for the production of green hydrogen from hydropower. Frank Mette, CEO of ANDRITZ Hydro in Germany, and Dr. Uwe Lauber, Chief Executive Officer and Chief Technology Officer of MAN Energy Solutions, signed the agreement in Ravensburg. A pilot project in Europe will mark the start of the collaboration. Subsequently, the companies want to jointly identify further...

Inmarsat, the pioneer in global, mobile satellite communications, has further showcased its commitment to crew welfare by sponsoring a new report exploring the future of seafaring to 2050. The report offers recommendations on how shipping, training institutions and welfare services can respond to the changing needs of tomorrow’s seafarers. The thought-provoking study, ‘A fair future for seafarers?’, has been prepared by maritime innovation consultancy Thetius. It has been publ...

John O’Keeffe has been appointed as the new Head of Renewables, Americas. O’Keeffe, a former maritime Captain with vast experience in the U.S. offshore wind industry, will join Blue Water’s office in Houston after serving as Head of Marine Affairs North America at Orsted. Work experience John was an integral part of America’s first offshore wind farm at Block Island. Following that success, he built the first Marine Affairs team in the US offshore wind market to facilit...

“We are honoured to have a person of Ali Shehab’s stature joining our global team,” says Trond Hodne, Sales and Marketing Director, DNV. “Ali is joining us after a very successful 36-year career at KOTC, where he started as a cadet on board ships up to Chief Engineer and later ashore as a Superintendent then as Site Manager at HHI before taking on senior positions up to the role of acting CEO. DNV will benefit a lot from his extensive experiences, knowledge, and unique i...

As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of twelve (12) 3055 Teu container vessels with Nihon Shipyard Co Ltd. (NSY) / Japan Marine United Corp (JMU). The contract was signed on 28th June 2021. These new vessels will start taking delivery in the end of July 2023. Efficient vessel fleet Currently, Wan Hai Lines operates a fleet of 86 owned vessels and 64 chartered vessels. This new shipbuilding contract is the company’s latest fleet ren...

In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycle...

MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ("Songa") for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the "Transaction"). Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the "Songa fleet") under the assumption of Songa having completed the sale of it...

Globally renowned Swedish ferry company - Stena Line has officially taken delivery of its newest RoPax ferry, Stena Scandica, on Friday, 18th June, 2021. The vessel is the first of two Visentini vessels that are being lengthened and modernised by Stena RoRo at the Sedef Shipbuilding in Tuzla, Turkey. Stena Scandica will start operating on Stena Lines route between Nynäshamn in Sweden and Ventspils in Latvia in the beginning of July 2021. Newest RoPax ferry, Stena Scandica Stena Line is w...

Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...

General cargo ship “FESCO Pioner” set sail on 13 June 2021. FESCO vessel will deliver to Anadyr and Egvekonot about 287 TEU of containerised cargo and 103 tonnes of general cargo. The approximate date of arrival of the vessel to Anadyr is 22 June 2021. Delivery of the goods on linear service "FESCO Anadyr Direct Line" (FADL) is to last until the end of October. FESCO vessels will have 5 voyages to deliver about 1500 containers and 1000 tonnes of general cargo to the ports of Anadyr...

Global trade was completely reshaped in the past year and a half because of the global health crisis that sparked systematic problems driving everyone to re-think supply chain models and agility of service networks. As a major sponsor of The Economist’s Global Trade Virtual Week, MSC announces two speakers taking part in the discussion on sustainable trade, and the role of container shipping and logistics as a positive force in shaping the post-pandemic global trade. The free online even...

CULINES held a ceremony at its Shanghai Headquarters to conclude a new building contract with Yangzijiang Shipbuilding (YZJ). This order is for two container vessels, each with a capacity of 2,400TEU.  This is the second new-building order in CULINES’s investment program following the four 1,900 TEU feeder vessels announced earlier in 2021. Vessel investment program   Low Load Tunning main engine uses the latest generation of EFI technology to upgrade the ship's energy saving...

Production of ‘farmed’ aquatic animals will more than double from 30 million tonnes per year (Mt/yr) live weight to 74 Mt/yr in 2050, according to the independent assurance and risk management company. DNV’s first Marine Aquaculture Forecast warns, however, that production will not meet demand in mid-century unless the industry tackles key sustainability barriers to growth by 2030. Marine aquaculture Marine aquaculture plays a role in securing supplies of food for a global p...

FESCO Transportation Group has provided relocation of four Kalmar’s straddle carriers CSC340 from JSC First Container Terminal in St. Petersburg to LLC Vostochnaya Stevedornaya Company in the Primorye Territory. Both the terminals are part of the Global Ports group. Multi-purpose dry cargo vessel FESCO used its multi-purpose dry cargo vessel equipped with cranes with a lifting capacity of up to 120 tonnes To transfer the carriers, FESCO used its multi-purpose dry cargo vessel FESCO Par...

In today’s truly global economy, optimising supply chains has been the key to clawing back some of the constantly shrinking profit margins. But as companies work hard to meet rising customer expectations, logistics has become a multi-layered, multi-part machine that is vulnerable to unexpected events or even bottlenecks that can cause major disruptions. Overcoming the pandemic  Maersk’s Supply Chain Management is designed to help cut down on the complexities and make supply...

MSC Mediterranean Shipping Company has joined other carriers in reiterating support for a global R&D decarbonisation fund and also in backing a potential worldwide market-based measure that would include carbon pricing. On top of MSC’s own substantial efforts to boost fleet energy efficiency and trial a range of new fuels and technologies, specific global initiatives are required to help the shipping industry decarbonise, according to MSC Mediterranean Shipping Company’s CEO Sor...

HMM has announced that the company transported 23 TEU of containers, carrying medical oxygen supplies, since it started delivering COVID-related medical devices to India, on May 12, 2021. The medical oxygen supplies mainly include medical grade oxygen, oxygen tanks, oxygen bottles, oxygen concentrators, steel pipes to manufacture oxygen cylinders, and associated equipment. Medical equipment supply for India As part of collaboration efforts to reduce the spread of COVID-19 infection in India,...