Shipping Giants Capitalize Upbeat Freight Rates and Demand
Aisa-Europe tradelane gets busier as the 2M Alliance upgrades its fortnightly sweeper service to weekly with demand and freight rates see an uptrend.
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Hapag-Lloyd Announces New Terminal Handling Charges
Hapag-Lloyd has announced new terminal charges that will apply to cargo shipped between Europe and the US, says a tariff update published on their...
Singapore Fuel Market Down With Rising Stock and Poor Demand
Singapore fuel oil inventories increased by 3% on Aug.5 as exports suffered a near acute four-month low.
Singapore’s exports to China, a typical...
A $1.5 M IMO and Norway Deal To Support Safe Ship...
Bangladesh ship recycling industry moves ahead with the third phase of key project signed between IMO and the Government of Norway with a...
Covid 19 Hit Transatlantic and Transpacific Route Freight Rates
Transatlantic and Transpacific shipping rates display a strike contrast to each other in the present Covid 19 situation.
On one side, the freight...
Why Container Losses Occur In The Rolling Seas?
10,000 containers are lost at sea annually due to falling overboard from underway vessels.
WSC states that ships lost an average of 1,382...
8 Countries Join Hands To Launch MASSPorts Initiative
Representatives from eight countries have launched the MASSPorts initiative.
MASSPorts initiative will promote maritime autonomous surface ship development.
IMO, IALA and IAPH representatives...
Narrowing Contango Rates Force Traders To Tighten Stocks
Narrowing contango for Singapore Marine Fuel 0.5%S may compel traders to offload stocks.
Monthly contango is not wide enough to cover their storage...
Viswa Lab Highlights The Increased Importance of Lubricant Testing
Lubricant and additive companies are developing new cylinder oils.
These new additive packages will take care of the issues posed by the new...
Former Key Maersk Executive Joins Hapag-Lloyd
Hamburg-based global liner Hapag-Lloyd has appointed Anders Boenaes, a former executive of Maersk, as the company’s new senior managing director of the company, reports...