News from JOC Journal of Commerce
- FMC rule giving contract filing relief to carriers takes effect June 15, 2020[caption caption="The FMC final rule concludes a two-year process into an application filed by the World Shipping Council. Photo credit: Shutterstock.com."][/caption]Container lines will no longer be required to file ‘essential terms’ of contracts with cargo owners with the Federal Maritime Commission (FMC) under a rule formally adopted by the regulatory...
- FMC’s detention-demurrage proposal divides shipping industry October 31, 2019[caption caption="Shipping industry stakeholders are debating who should bear the financial cost when certain events inside a terminal prevent the timely pickup of containers. Photo credit: Ari Ashe/JOC.com."][/caption]The container shipping industry remains far apart on whether the Federal Maritime Commission’s (FMC's) proposed rule on detention and demurrage will resolve or...
- Piracy and corruption stalk West Africa supply chains April 7, 2016ACCRA, Ghana — Senior maritime and transport officials in Ghana identified piracy and corruption as central challenges in the development of an efficient port and supply chain network in West Africa. Incidents of piracy and armed robbery were singled out by Richard Anamoo, director general of Ghana Ports and Harbours Authority,...
- Pirates attack two container ships in Southeast Asia August 24, 2015[caption]Maersk Lebu. Credit: Fotoflite[/caption]Underscoring Southeast Asia’s new role as the world’s piracy hot spot, pirates attacked six vessels, including two container ships, in the straits of Malacca and Singapore Friday and Saturday Authorities believe the same group, comprising four to five perpetrators armed with knives, were behind all six incidents, according...
- Balancing costs and threats of piracy June 19, 2015When it comes to piracy, carriers must balance the speeds and routes their vessels take with crew safety and delivering maximum efficiency to clients. Typically, ships move at slower than their maximum speeds to reduce fuel usage and increase savings for both carriers and customers alike. While these benefits are tangible,...
- Global piracy declines but hot spots remain June 12, 2015Shippers have plenty to worry about — including volatile pricing and cargo delays — but piracy should be less of a concern, as the number of incidents has been falling since 2010. The general decline can be attributed to renewed international efforts to combat piracy. Pirate attacks targeting container vessels fell...
- MSC container ship, bulk carrier attacked off Indonesia March 23, 2015[caption align="left"][/caption]A Mediterranean Shipping Co. container ship and a bulk carrier were attacked in separate but possibly related incidents off the coast of Indonesia, according to the intergovernmental anti-piracy office ReCAAP. The two incidents, which are reported to have happened within hours of each other, involved ships sailing eastbound in the Straits...
- ISIS could bring piracy back to Mediterranean, officials say February 26, 2015Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world’s largest trade lane, European officials warn. It’s been 200 years since pirates operated in the Mediterranean, but recent developments in North Africa suggest the Islamic State of Iraq and Syria could launch attacks on commercial and passenger...
- Maritime piracy falls to eight-year low January 15, 2015Maritime piracy fell to an eight-year low in 2014 as a continuing decline in attacks off Somalia offset a surge in ship hijackings in Asian waters. Attacks against small tankers off South East Asian coasts saw global hijackings rise to 21 in 2014 from 12 in 2013, according to the International...
- Weekly wrap-up: ILWU-PMA talks, 2M’s FMC approval and intermodal issues October 11, 2014Events on the U.S. West Coast dominated on JOC.com this past week, as labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association could finally be heating up. Five of the Top 10 stories on JOC.com in the past week focused on the issue. This round of...
- Report: Rise in West African piracy requires new industry approach October 5, 2014With piracy in West Africa on the rise, a newly released report highlights how pirate attacks in the Gulf of Guinea are far more violent than in Somalia and less-focused on ransom, requiring the industry to take a different approach to curb attacks. The set of standards, a 12-page document entitled...
- Weekly wrap-up for July 19: ILWU talks skew import volumes, Horizon faces debt crisis July 19, 2014While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and...
- European shipowners press lawmakers on security plan June 20, 2014European shipowners are asking the European Parliament and the Council of Ministers to endorse a maritime security plan aimed at safeguarding ships around the globe. The European Commission and the European External Action Service joined forces to write the security plan earlier this year. Today, the European Community Shipowners Association asked...
- Container ship crew held by pirates finally freed June 9, 2014Eleven sailors from the Malaysia-flag container ship Albedo held hostage for more than three years by Somali pirates have arrived safely in Kenya, according to mediators who helped secure their freedom, Al Jazeera reported. The 1,066-TEU vessel, which had a 23-man crew when it was attacked, was hijacked about 1,500 kilometers off...
- Poseidon Marine Security launches ProtectaDeck February 4, 2014Manchester - UK – Poseidon Marine Security has launched a global marketing campaign for its new product ProtectaDeck, an anti-piracy barrier for the shipping industry to protect vessels and oil rig platforms from the increased number of piracy attacks throughout the world . ProtectaDeck prevents intruders from boarding, is inexpensive, as well...
- Japan's New Anti-Piracy Law Set to Take Effect November 27, 2013Japan’s new anti-piracy law will take effect on Saturday, 17 days after it was enacted by the Diet, the nation’s parliament, the transport ministry announced this week. The new law will allow private armed guards to board Japanese-registered oil tankers and other cargo ships in waters off Somalia and elsewhere. Under the...
- India Arrests US Anti-Piracy Vessel, Crew October 21, 2013Ten crew members and 25 security guards aboard a ship engaged in anti-piracy services were arrested in Chennai Oct. 18 after they failed to produce proper documents allowing them to carry weapons, Indian authorities said. The MV Seaman Guard Ohio is owned by Washington-based AdvanFort International, and flies the Sierra Leone...
- IMB Reports Decline in Global Piracy But Rise Off Nigeria October 18, 2013Global piracy has fallen to a seven-year low, but attacks off the coast of Nigeria have surged by a third, the International Maritime Bureau said. There were 188 piracy incidents in the first nine months of 2013, down from 233 in the same period last year, and the number of hostages...
- Japanese Government Adopts New Anti-Piracy Bill October 17, 2013The Japanese government adopted a new anti-piracy bill at a cabinet meeting this week that would allow private armed guards to board Japanese-registered oil tankers and other cargo ships in waters off Somalia and elsewhere. The government will seek to have the bill enacted during an extraordinary session of the Diet,...
- Belgium Arrests Alleged Pirate Boss in Movie Sting October 15, 2013A suspected Somali pirate chief has been arrested in Belgium after he was lured to the country by police posing as filmmakers who wanted him to star in a documentary about his exploits. Mohamed Abdi Hassan, known as “Afweyne” or “Big Mouth,” allegedly has pocketed millions of dollars in ransom payments...
News from Lloyd’s List – Containers
- Daily Briefing October 18 2021 October 18, 2021FrontNav — a tanker giant 20 years in the making? | Don’t scapegoat shipping for the world’s just-in-time jitters |... Related StoriesUN’s Guterres says shipping is failing to cut emissions‘Asset light’ BP Shipping trims tanker lossesBraemar trading ahead of expectations as growth strategy kicks in
- MOL eyes ammonia-fuelled main engine order October 18, 2021Agreement is expected to further instil confidence in the German engine maker, which is working on projects aimed at delivering... Related StoriesPrecious Shipping denies link to drugs found on bulkerMOL eyes order for ammonia-fuel main engineMSC vessel searched by US oil spill investigators
- MSC vessel searched by US oil spill investigators October 18, 2021The coastguard believes that a ship’s anchor could have hooked and dragged an underwater oil pipeline more than 30 metres... Related StoriesMOL eyes ammonia-fuelled main engine orderPrecious Shipping denies link to drugs found on bulkerMOL eyes order for ammonia-fuel main engine
- Welcome back world greeting from Nor-Shipping October 17, 2021Block off your schedule, dust off your suitcase — from January 10-13, you are cordially invited to join your fellow... Related StoriesA bigger picture on autonomous shipsWelcome back worldThe Lloyd’s List Podcast: Why training the next generation requires next-generation training
- UN’s Guterres says shipping is failing to cut emissions October 15, 2021UN secretary-general Antonio Guterres called on the transport industry to set more ambitious climate targets to keep global warming below... Related StoriesMOL eyes ammonia-fuelled main engine orderPrecious Shipping denies link to drugs found on bulkerMOL eyes order for ammonia-fuel main engine
- Container rates suppressed, but not depressed October 15, 2021Whether freight rates continue to head south or find their way back, investors in container shipping stocks will need to... Related StoriesIs Maersk lining up a big-ticket logistics purchase?Is Maersk lining up a big ticket logistics purchase?The Lloyd’s List Podcast: The evolving risk of subterfuge shipping
- Don’t scapegoat shipping for the world’s just-in-time jitters October 15, 2021Shipping — which usually moves more than 200m teu from A to B each year — is suddenly in the news because... Related StoriesFrontNav — a tanker giant 20 years in the making?Empty containers expose supply chain fracturesInsurers face claims surge as transport sector recovers in China
- Is Maersk lining up a big-ticket logistics purchase? October 15, 2021Talk linking Maersk with US logistics group CH Robinson has resurfaced in industry circles, where speculation is rife about what... Related StoriesContainer rates suppressed, but not depressedIs Maersk lining up a big ticket logistics purchase?The Lloyd’s List Podcast: The evolving risk of subterfuge shipping
- Employers to train more Ukrainian cadets October 15, 2021The International Maritime Employers’ Council is to provide about 80 training berths a year to give cadets greater job opportunities... Related StoriesMOL eyes ammonia-fuelled main engine orderPrecious Shipping denies link to drugs found on bulkerMOL eyes order for ammonia-fuel main engine
- US truckers link pay issues to Biden’s 24/7 ports plan October 15, 2021The difficulties that drayage drivers have in earning a living was shown on October 12 when XPO Logistics agreed to... Related StoriesIs Maersk lining up a big-ticket logistics purchase?Container rates suppressed, but not depressedIs Maersk lining up a big ticket logistics purchase?
News from Container Management
- Bolloré Ports orders new electric equipment from Gaussin October 18, 2021Bolloré Ports has ordered two APM 75T HE electric port tractors, four POWERPACK HE and a 6×4 multi-load station from Gaussin for the Freetown port terminal in Sierra Leone. The order is part of Bolloré Ports’ ‘Green Terminal’ labelling process, initiated in 2021, that aims to contribute to the reduction of its carbon footprint through […]
- FMC urges carriers to adopt detention and demurrage best practices October 18, 2021Ocean carriers should rapidly adopt three common best practices related to detention and demurrage according to the Federal Maritime Commission (FMC), which hopes they will promote clarity and certainty about how and when fees will be assessed as well as how to challenge disputed charges. The call for an industry-wide adoption of best practices came […]
- DP World partners with CDC Group to create Africa investment platform October 15, 2021DP World has partnered with the UK’s development finance institution and impact investor CDC Group (CDC) to create an investment platform in Africa. The platform covers a long-term investment period and DP World is contributing its stakes in three existing ports initially with expectations to invest a further US$1bn through the platform over the next […]
- Port of Los Angeles moves to 24/7 operations October 15, 2021President Joe Biden has announced that the Port of Los Angeles will expand to 24/7 operations, as the US battles to overcome significant supply chain disruption heading into the holiday season. The Port of Long Beach expanded operations at one of its terminals to overnight shifts in September and its neighbour the Port of Los […]
- HHLA and MAN Truck & Bus complete autonomous truck pilot October 14, 2021Hamburg Hafen und Logistik AG (HHLA) and MAN Truck & Bus have successfully completed the Hamburg TruckPilot, which saw the development and practical testing of an autonomous truck. Part of the strategic mobility partnership between the City of Hamburg and Volkswagen AG, the three-year project saw trials conducted at HHLA’s Container Terminal Altenwerder (CTA). Frederik […]
- DP World announces new financing solution for SMEs October 14, 2021DP World has launched Cargoes Finance, a new financing solution and fintech platform providing access to finance to support small-to-medium businesses (SMEs). The platform aims to provide exporters, importers and logistics companies with access to financing solutions to support them. The fintech platform, which comprises a simple and easy to use online application, requires minimal […]
- Container ships diverted from UK due to high congestion at Felixstowe October 13, 2021Maersk has begun diverting vessels away from the UK as the country’s largest container port ranks among the worst-hit terminals globally for congestion. The Danish shipping line has rerouted large ships away from Felixstowe to instead discharge UK-bound cargo in Europe to be transported to the UK in smaller vessels. Speaking to The Financial Times […]
- Maersk suspends five officers and crew over sexual assault allegations October 13, 2021Maersk has suspended five officers and crew, pending the outcome of an investigation following allegations of rape on board a Maersk ship. A blog-post on the website of non-profit legal advocacy organisation Maritime Legal Aid & Advocacy (MLAA) by a female member of the class of 2022 at the US Merchant Marine Academy (USMMA) alleges […]
- MSC to collaborate with China on decarbonisation October 12, 2021MSC and the China Waterborne Transport Research Institute, part of China’s transport ministry, have signed an agreement to jointly promote decarbonisation and sustainable development of the shipping industry. This is the first time the Geneva-based company is partnering with a major institution in China to explore the technical pathway for decarbonisation. The partners hope that […]
- Ashdod Port Company to directly invest in start-ups to boost technological growth October 12, 2021Ashdod Port Company’s board of directors have decided to directly invest in a variety of start-ups to allow for investment in technological companies in the blue-tech field. In the first phase of investment the company’s board of directors has approved an amount of up to ILS10m (US$3m) in 2022. Orna Hozman Bechor, chairman of the […]
- RTE launches updated wireless reefer monitoring solution October 11, 2021Refrigerated Transport Electronics (RTE) has launched the WRAD II, the newest iteration of its wireless reefer monitoring device, featuring Bluetooth 5 wireless communication technology. The WRAD was first introduced in 2011 becoming the industry’s first wireless reefer monitoring product. It used WiFi Zigbee technology to provide opportunities to reefer operators of any size for expanding […]
- Lomé Container Terminal orders five RTGs from Konecranes October 11, 2021Lomé Container Terminal (LCT) in Togo has ordered five more rubber-tyred gantry (RTG) cranes from Konecranes as the West African hub looks to enhance operations. The order was booked in June 2021 and the cranes will be delivered in the second half of 2022. When these new units are delivered and commissioned, LCT will operate […]
- Kalmar to deliver six ASCs to Victoria International Container Terminal October 8, 2021Victoria International Container Terminal (VICT) has made a repeat order of six automatic stacking cranes (ASCs) from Kalmar, as it looks to expand its yard capacity at the Port of Melbourne located at Webb Dock East. The order was booked in Cargotec’s Q3 2021 order intake, with delivery expected to be completed in Q2 2023. […]
- Maher Terminals orders three STS cranes from Liebherr October 8, 2021Maher Terminals at the Port of New York and New Jersey has ordered three ship-to-shore (STS) cranes from Liebherr Container Cranes, bolstering the port’s ability to handle the world’s largest vessels. The cranes will take their place alongside the existing eight Liebherr STS cranes at Maher’s terminal. The first two cranes were supplied in 2012 […]
- APM Terminals Buenos Aires purchases new mobile harbour crane October 7, 2021APM Terminals (APMT) Buenos Aires has commissioned a new mobile harbour crane at the terminal, aiming to deliver faster and more efficient loading and discharging of vessels. The purchase of the crane, which has a capacity of 154 tonnes and a 54 m reach, forms part of the operator’s broader investment plan. The terminal has […]
- Koos Timmermans appointed as Port of Rotterdam Authority commissioner October 7, 2021The Port of Rotterdam Authority’s shareholders have appointed Koos Timmermans as commissioner, on the recommendation of the supervisory board. Timmermans was previously chief financial officer at the ING and was vice-chairman of ING Bank for many years, although he resigned in 2018 over a money laundering scandal. Miriam Maes, chairman of the supervisory board of […]
- Port of Antwerp trials fixed-wing drones October 6, 2021The Port of Antwerp has conducted field trials of a fixed-wing drone fitted with a camera, evaluating the technology’s potential to enhance safety and security by providing the port authority with detailed images of developing incidents in real-time. In partnership with aerospace company Sabca, the trial tested out four realistic emergency situations: a container fire, […]
- Corporación Navios replaces harbour crane with new Liebherr model October 6, 2021Uruguayan company Corporación Navios has replaced a Liebherr long duty cycle crane with a permanently installed harbour crane type FCC 300 for dry bulk handling of barges in hoppers at the terminal in Nueva Palmira. The now total of three harbour cranes is expected to increase the terminal’s handling rates and generate operating synergies, as […]
- DP World opens empty container park in Southampton October 5, 2021DP World has opened an 11.5 acre empty container park at Southampton, aiming to increase storage capacity and maintain service levels for customers during the peak pre-Christmas season. The new £3m (US$4m) facility will be able to hold additional empty containers to meet customers’ requirements, helping to keep supply chains moving at a time when […]
- Adani signs US$700m agreement for new deep-water terminal in Colombo October 5, 2021Adani Group, John Keells Holdings and the Sri Lanka Ports Authority (SLPA) have signed a 35-year build-operate-transfer (BOT) agreement worth more than US$700m to jointly develop Colombo West International Container Terminal (CWICT) at the Port of Colombo. The new deep-water terminal will add 3m teu in annual capacity to the leading transhipment hub in South […]
News from CN – Container News
- Yang Ming set to give company-wide increments October 18, 2021After years of losses, Taiwanese liner operator Yang Ming Marine Transport is set to give company-wide staff increments for the first time in several years, amid expectations of a record US$100 billion profit for the container liner industry in 2021. Speaking at the 60th anniversary of the Master Mariners Association, Yang Ming chairman Cheng Cheng-mount […]
- Maersk pilots sustainable drayage solution in Japan October 18, 2021Maersk will launch a new pilot by utilising renewable diesel to provide immediate carbon emission reduction, aiming at sustainable intermodal transportation in Japan. This constitutes the first permanently fixed green solution for short-distant container transportation in the country and is planned to reduce carbon emissions for container drayage operations by up to 80%, based on […]
- Virginia port’s upward trend in box volumes continues October 18, 2021Port of Virginia has exceeded for the second consecutive month the 300,000TEU mark, while after the 307,000TEU record in August, it handled more than 306,210TEU in September, representing an increase of 19% over the same month of the previous year. Loaded imports were the main factor of this volume uptrend, completing 152,197TEU and an increase […]
- 36-day average transit time on China-USWC route in October, shows Shifl’s data analysis October 18, 2021With the Biden Administration now stepping in to tackle the port congestion crisis at Long Beach and Los Angeles, China-US West Coast transit data and insights provided by digital freight forwarding company Shifl underscore how bad the situation has become, and how much work it will take to get cargo moving on time again. During […]
- Massive surge in insurance costs: The next big worry for box lines October 18, 2021There is increasing fear among liners who expect a massive dent in their gains in the form of hiked insurance costs, despite record profits being earned through sky-high freight rates. Two UK-based P&I Clubs have sent out strong signals pointing in the same direction. The London Club announced a supplementary call for additional capital of […]
- Maersk cuts container costs to US$1 for Covid-19 supplies in India October 18, 2021Maersk is donating the services of its Special Project Logistics (SPL) unit and charging a symbolic nominal freight cost of US$1 per 40’ container for urgently needed medical supplies to be distributed to medical facilities in India in response to Covid-19 related shortages. The first shipments are underway and expected to arrive on 7 November […]
- Michelin’s Giant Inflatable Sails Aim To Decarbonize The Shipping Industry October 17, 2021French tire manufacturer, Michelin, is making giant inflatable sails designed to help the shipping industry decarbonize. After being retrofitted on cargo ships, the sails will lower the engine’s dependence on fossil fuels — reportedly by as much as 20%. A smaller version of the sails was recently tested successfully in Switzerland while Michelin hopes to trial […]
- NVOCC, the underrated service provider in global logistics October 17, 2021Non Vessel Operating Common Carrier (NVOCC or NVO) or sometimes called Box Operators are those carriers who offer port to port services similar to Main Line Operators (MLO), by issuing their own Bill of lading, but at the core, they do not operate vessels, but rather own the fleet of containers and fill the slots […]
- Konecranes reach stacker arrives at the most southern port of the world October 16, 2021Dirección Provincial de Puertos – Argentina (DPP) has recently accepted delivery of a Konecranes Liftace reach stacker for their operations in Ushuaia, at the most southern point of South America. The DPP oversees port activities in the Tierra del Fuego archipelago, including the port of Ushuaia, the southernmost city in the world. In 2015, the […]
- Unblocking the paper-jam October 16, 2021When Malcolm McLean laid the foundations for what’s now become the global containerisation phenomenon, his vision was for standardisation across the entire supply chain. If goods of all types could be loaded into metal boxes, all 20 feet long and eight feet high, then the vessels that carry them and the port infrastructure required to […]
News from Tradewinds
- Dry bulk 'slump' helps push shipping stocks down for another week October 18, 2021Tanker owner Euronav leads all gainers after disclosures of interest from John Fredriksen
- Hartmann-Abou Merhi fund breaks into product tankers October 18, 2021Pelagic Partners bullish about its new market, closes first investment fund and gears up to launch second
- Gas veteran Maurice Brand retiring from CNG start-up GEV October 18, 2021Founder and chairman of Australian shipping group to step down in November
- Cosco Energy launches 'we pool, we win' VLCC venture amid tanker turmoil October 18, 2021VLCC pool first touted in 2019 finally gets off the ground as market appears set for prolonged downturn
- Macquarie strong on decarbonisation path but not a Poseidon Principles signatory October 18, 2021Bank was behind first carbon-neutral voyage executed by a tanker pool in Penfield Marine transaction
- 'Heavy fire': Iran claims to have fought off pirate attack on two tankers October 18, 2021Navy says five small boats approached convoy in the Gulf of Aden
- Shipowners lick their lips for US offshore wind farm bonanza October 18, 2021But challenges loom for nascent market, where the rubber has yet to hit the road on much of the Biden administration's clean energy plan
- Lomar taps Cotopoulis for chartering director as Hollamby steps back October 18, 2021Internal appointment made as veteran chartering chief moves into advisory role after nearly three decades
- Europe's first seagoing fuel-cell driven ferry unveiled October 18, 2021Vessel will operate between Kirkwall and Shapinsay in Orkney, where hydrogen fuel is generated from wind power
- Nakilat nudges up its third-quarter profit as it cuts costs October 18, 2021Qatar's LNG shipping company continues quest to slim expenses and diversify but fleet remains static
