Monday, December 5, 2022

News

And here comes Peak Season Surcharge on the Trans-Atlantic

Peak Season Surcharge (PSS) = a seasonal fee applied during high volume shipping periods in certain trade lanes.. This is a fixed quantum per...

Overweight Surcharge for containers more than 20 tons from Asia-Europe – CMA CGM

CMA CGM, the world's 3rd largest container shipping line by TEU and Vessel capacity has announced the implementation of Overweight Surcharge (OWS) on its...

CMA CGM announces USD1.5 billion energies fund to accelerate decarbonization

A five-year investment and a dedicated team to drive the energy transition. The objective is to accelerate decarbonization across shipping, inland, and...

Hapag Lloyd smiling all the way to the bank in the first half of 2022

Result significantly higher than prior-year period Transport volume at prior-year level Outlook upgraded based on current business performance Uncertainties remain due to the...

Evergreen gets double certified for its Greenhouse Gas emission inventory

In order to implement the company's environmental protection policy and carbon reduction goals, Evergreen Marine Corp. has completed a systematic inspection and calculation of...

Hapag LLoyd ready to start installation of real-time visibility devices on their containers

In an industry first for a major global container shipping line, in April 2022, Hapag Lloyd announced that they would outfit all of their...

Port of New York/New Jersey’s “container imbalance fee” could be counterproductive

On the 2nd of August 2022, the Port of New York and New Jersey announced the  implementation of a new quarterly container imbalance fee...

Vikrant – India’s first indigenous aircraft carrier delivered to Indian Navy

In what is considered a major success for India's "Make In India" and "Aatma Nirbhar Bharat" initiatives, the Cochin Shipyard Limited (CSL) has handed over...

World Shipping Council report on containers lost at sea identifies several active safety improvement initiatives

"Although containers lost overboard represent less than one-thousandth of 1% (0.001%) of the roughly 241 million packed and empty containers currently shipped each year,...

US Agri exports to benefit financially from USDA initiative

"ocean carriers are refusing to take American exports back to Asia, leaving with empty containers instead. That’s costing farmers and ranchers—and our economy—a lot...

Continued decrease in Ocean freight spot rates seen as positive measure to curb inflation – SHIFEX by Shifl

Consumer sentiment towards retail has been consistently falling over the last few months on account of rising inflation, even as prices of everyday commodities...

PharmaReg AfriSummit: “For A Healthier Africa” is back

The Annual PharmaReg AfriSummit, an insightful summit with over 300 professionals as attendees, including regional governmental officials & medical experts, is back as a...

President Biden signs The Ocean Shipping Reform Act of 2022 into Law

Well, that was quick.. 🙂 On Thursday, the 16th of June 2022, the 46th President of the United States - Joseph Robinette Biden Jr. signed...

Ooops, China did it again.. Fresh partial lockdown in Shanghai and Beijing

The country from where the COVID-19 reportedly originated, is fighting hard to control it on all fronts consistently. China follows a Zero-COVID policy much...

Federal Maritime Commission notches another victory in empty container detention case – Hapag Lloyd to settle

Hapag Lloyd, the 5th largest container shipping line in the world operating over 1.7 million TEUs and 249 ships became the 2nd carrier to...

Sitakunda Container Depot Fire contained, authorities revise death toll downwards

The mortal remains of two more bodies have been recovered from Sitakunda's BM Container Depot in Bangladesh where a series of explosions lead to...

Just In Time arrival can reduce fuel consumption and emissions by 14%

Containerships can reduce fuel consumption and resulting carbon dioxide emissions by 14% on a per voyage basis using Just In Time arrival. This is what...

Meet SHIFEX – the new freight index on the block

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now...

Marine Environment Protection Committee (MEPC) 78th session opens

The 78th session of the Marine Environment Protection Committee (MEPC) opened on the 6th June 2022 as a virtual session. As per an IMO press...

Devastating fire in Chattogram container depot in Bangladesh claims 49 lives

In a shocking incident, at least 49 people are reported to have been killed with more than 200 people including police and firemen, injured...

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