[Answer] All You Need To Know About Wharfage Charge
Wharfage charge is a term that often raises questions among shippers. This could be so because it is sometimes shown separately in the invoice to the shipper and sometimes it does not appear at...
Bulker Rates Thrive Well Amid Congestion Off China
Sustained congestion off the coast of China has prompted a surge in dry bulk freight rates as capacity is constrained, reports Lloyd's List.
Surge in capesize time charter
Last week, Lloyd’s List Intelligence data showed 679...
Maersk Divests Reefer Container Business for Nearly $1bn
Danish container logistics giant A.P. Moller – Maersk has decided to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC).
The value of the transaction is $987.3...
DNV Introduced The New ABATE Class Notation
DNV has introduced the new ABATE class notation.
Altera Infrastructure is the first FPSO owner to pilot the DNV notation.
The ABATE notation provides a structured approach to identify and assess the implementation...
Shipping Giant MOL Sails Into India
Mitsui O.S.K Lines Ltd (MOL), the Japanese transport giant and one of the world’s largest shipping companies, has opened a wholly-owned subsidiary in India and started operations with two ships registered under the Indian...
Tata Steel Joins Sea Cargo Charter To Reduce GHG Emissions In Ocean Trade
Tata Steel is the first steelmaker to sign the Sea Cargo Charter to reduce the environmental impact of ocean transport.
Launched in October 2020, the SCC establishes a common, global baseline to quantitatively...
Maersk Partners With CCS To Support Decarbonisation Journey
Maersk partners with China Classification Society on carbon-neutral technologies and standards.
The agreements mainly focus on scientific and technological innovation projects, life-cycle green fuel availability and infrastructure, as well as design for carbon-neutral...
Drug Trafficking To Remain Stagnant Amid Border Closures
The United Nations Office on Drugs and Crime (UNODC) recently released its World Drug Report 2020, revealing that the trafficking of drugs by air to varying degrees has been impacted by the restrictions of...
Singapore Bunker Market Set To Consolidate Further Amid Stiff Competition
Singapore bunker market set to consolidate further amid fierce competition
barging spread below typical $5-$8/mt breakeven level
more demand for low sulfur bunkers needed for delivered business
Intense competition in Singapore delivered bunker market...
CO2 Leak in Engine Room Kills 3 Crew
At 16:30 on September 27,Panama-flagged Ro-Ro ship "SANG SHIN" leaked carbon dioxide at the terminal of a shipyard in Changtu, Daishan. The incident caused 3 deaths and 2 people are still under treatment, reports...