Sector

DHL LAUNCHES SERVICE TO REDUCE EMISSIONS IN AIR FREIGHT

DHL Global Forwarding, the air and ocean freight unit of Deutsche Post DHL Group, announced the expansion of its GoGreen Plus Service to air cargo to provide real emissions reductions through carbon insetting.

PORTS OF LOS ANGELES, LONG BEACH WITHHOLD 'DWELL FEE' UNTIL MARCH 4

The Port of Los Angeles and the Port of Long Beach said hat they have decided to hold off on consideration of the “Container Dwell Fee” for one more week until March 4 after several defferment in the past citing improving cargo movements in the Unite...

IMO ON RUSSIA-UKRAINE CONFLICT: "SHIPPING, SEAFARERS, CANNOT BE COLLATERAL VICTIMS"

The International Maritime Organization (IMO) recently issued a statement blasting the ongoing Russia-Ukraine conflict — warning of its impact on the whole shipping industry. IMO Secretary-General Kitack Lim issued his support for calls to termin...

SEA-INTEL: PILE OF EMPTY CONTAINERS TO CAUSE SIGNIFICANT PROBLEMS UNTIL 2023

The delays and bottlenecks in the container supply chain will begin to improve at some point and eventually we will see supply chains revert to normality but the coming pile of empty containers will drag the strain in ports — particularly in the Unit...

KOREA REGISTER SIGNS MOU FOR DEVELOPMENT OF SOLID OXIDE FUEL CELL FOR SHIPS

The Korean Register (KR) has signed an MOU agreement with STX Energy Solutions (STX ES) and Daewoo Shipbuilding & Marine Engineering (DSME) to work together for the development of solid oxide fuel for ships. This also meant technology standardiza...

PRINCE RUPERT SEEKS TO DOUBLE CAPACITY WITH ADDITIONAL CONTAINER TERMINAL

Prince Rupert announced that it has entered into a two-year agreement with DP World to assess the feasibility of putting up a new container terminal project in the port city. In a statement, the port said the potential project would add up to 2 m...

SHIPPING, LOGISTICS BRACE FOR IMPACT OF ESCALATING RUSSIA-UKRAINE CONFLICT

As the Russia-Ukraine conflict continues to escalate, some players in the logistics and shipping sectors have announced a halt in their Ukraine operations. This comes as Ukraine shuts its ports as a consequence of the conflict with its neighbour....

ONE ADDS MORE SERVICES BETWEEN ASIA-AFRICA

Ocean Network Express (ONE) announced that it is restructuring its Asia – East Africa (EAF) service into two new services EA3 (East Africa 3 (Mombasa)) and EA4 (East Africa 4 (Dar Es Salaam)) to provide greater coverage and efficiencies in the routes...

US PORTS TO GET $450M TO EASE PORT CONGESTION

The United States has announced what it calls a "historic" new funding to strengthen port infrastructure across the country and unclog congested ports through a US$450 million grant which is the government's "largest investment ever" for the ports.

XENETA: SHIPPING TO THE UK FROM ASIA MORE EXPENSIVE POST-BREXIT

Shipping containers to the UK from Asia is now more pricey compared to sending to other mainland Europe ports, according to Xeneta, noting that historically freight rates to these areas have been the same due to the proximity of the main UK ports an...

MAERSK EXPECTS ANOTHER RECORD EARNINGS THIS YEAR AFTER US$24B IN 2021

AP Moller – Maersk reported an expected US$24 billion record profit last year and has signaled that it is forecasting the same results in 2022 owing to supply chain disruptions that continue to impact the market. The shipping line saw an EBITDA s...

AAL SHIPPING INCREASES ITS NEWBUILD ORDER FROM FOUR TO SIX

AAL Shipping (AAL) has increased its initial order of four 32,000 deadweight (DWY) multipurpose vessels that it announced last November to six vessels. In a statement, AAL said the design of the vessels – classified at the ‘Super B-Class’ – was a...

PORT CONGESTIONS HAVE SHIFTED TO ASIAN PORTS

January saw a reduction in port congestion in the US West and East Coast ports as workers cleared a substantial backlog amid Covid-19 outbreaks among port workers according to a new report from supply chain visibility data firm, project44 citing publ...

PORT OF LA, LONG BEACH PUT ‘DWELL FEE’ ON HOLD UNTIL FEBRUARY 25

The Port of Los Angeles and the Port of Long Beach announced that they have put off consideration of the “Container Dwell Fee” for one more week, until February 25 citing continued improvement in port movements. The two San Pedro Bay ports said t...

PORT OF LA ANNOUNCES "BUSIEST JANUARY" VOLUMES

The Port of Los Angeles reported its "busiest" January on record last month. North America's busiest cargo port noted that it processed 865,595 Twenty-Foot Equivalent Units (TEUs) in January, a 3.6% increase compared to last year. Port of Lo...

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