The container ship MV Dali, which caused a two-month closure of major shipping lanes at the Port of Baltimore after colliding with the Francis Scott Key Bridge in March, has finally been refloated. This marks a significant step towards restoring full functionality to the port. MV Dali Refloated and Moved to Marine Terminal Following meticulous …

MV Dali Refloated: Baltimore Port Resumes Limited Operations Read More »

Shipping giant Hapag-Lloyd has implemented new peak season surcharges for cargo shipped to North American ports from two key regions: East Asia and the Indian Subcontinent & Middle East. From Indian Subcontinent & Middle East: Applies to all 20’, 40’, reefer, and special containers (including high cube) gated in from June 17th, 2024 onwards (valid …

Hapag-Lloyd updates Peak Season Surcharges to North America Read More »

Shipping companies operating in the European Union need to prepare for stricter environmental regulations. The deadline to submit plans for monitoring fuel type and consumption under the FuelEU Maritime regulation is approaching on August 31st, 2024. What is FuelEU Maritime? Part of the EU’s Fit for 55 package, aiming to green the shipping sector. Requires …

Shippers Face Deadline for EU’s FuelEU Maritime Regulation Read More »

Leading container line Ocean Network Express (ONE) has announced the launch of a brand new service connecting China, Vietnam, and Thailand, offering a significant boost to its Southeast Asian coverage. This exciting new route, commencing operations on May 27th, 2024, offers businesses a direct and efficient connection between key markets in Asia. Port Rotation The …

ONE Launches New China-Vietnam-Thailand (CVT) Service Read More »

The Port of Antwerp-Bruges takes a significant stride towards becoming a climate-neutral port by 2050 with the launch of the Methatug, the world’s first methanol-powered tugboat. This innovative vessel joins the port’s growing fleet of eco-friendly tugs, including the Hydrotug 1 (hydrogen-powered) and energy-efficient RSD tugboats. An electrically-powered tugboat, the first in Europe, is also …

Introduce World’s First Methanol-Powered Tugboat – Methatug Read More »

Asian ports are facing a surge in congestion reminiscent of the pandemic era, due to the ongoing crisis in the Red Sea. Here’s a breakdown of the situation: Red Sea Attacks Disrupt Shipping: Houthi attacks on vessels in the Red Sea have forced cargo ships to take the longer route around Africa’s Cape of Good …

Red Sea Crisis Chokes Asian Port, Threatens The Supply Chain Read More »

Maersk has implemented new peak season surcharges for shipments from Far East Asia to various destinations. This update is crucial for businesses planning imports and exports during this busy period. Here’s a breakdown: To East Coast South America: Origin Destination Effective Date 20′ Dry (USD) 40’/45′ Dry (USD) 20’/40′ Reefer (USD) Vietnam, Brunei, China, Hong …

Maersk updates Peak Season Surcharges from Far East Asia Read More »

Record Deliveries Push Fleet Growth Despite Recycling The global container ship industry is experiencing a boom in capacity, with 2023 deliveries shattering records and 2024 on track to follow suit. This growth, however, raises concerns about potential oversupply in the coming years. 2023 Deliveries: A staggering 2.3 million TEU (twenty-foot equivalent unit) of container ship …

Container Ship Capacity Surges in 2024 – Oversupply Concerns Read More »

Hapag-Lloyd and IKEA Supply Chain Operations join forces to decarbonize container shipments from Asia, marking a significant step towards a greener maritime industry. Reduced Emissions with Biofuel: From March 2024 to February 2025, IKEA will leverage Hapag-Lloyd’s Ship Green 100 product, utilizing waste-based biofuels to significantly cut CO2 emissions by an estimated 100,000 tonnes. Shared …

Hapag-Lloyd and IKEA Team Up for Sustainable Shipping Read More »

The air cargo market has experienced a surprisingly strong start in 2024, with demand exceeding expectations and creating a positive outlook for the short term. This growth is attributed to several key factors: E-commerce surge: The ongoing e-commerce boom is driving significant air cargo volumes, particularly from Asia. This surge has largely offset any decline …

Air Cargo Market Soars in Q1 2024 – Uncertain future Read More »