Maritime

Maritime transportation, goods, services and regulation news

[FBX Weekly] Ocean rates level but still high as some SMBs pass on costs

AJOT | January 26, 2021 | Maritime | Liner Shipping

Key insights: 1 The continued surge in ocean volumes kept freight rates elevated but level this week, as the global index hit a 173% increase compared to this time last year. 2 A recent survey of SMBs importers using the Freightos.com marketplace found that 77% had been impacted by supply chain difficulties, and 34% had increased their prices as a result – an early indication that rising freight costs may end up being passed on to consumers.

Shipbuilders Council of America statement on ‘Buy American’ Executive Order

AJOT | January 25, 2021 | Maritime

International Trade

Bloomberg | Top Story | January 25, 2021

Shipping container crunch shows signs of easing, index shows

A global shortage of shipping containers that’s sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.

Maersk loses 750 containers as seas hammer LA-bound ship

Bloomberg | January 24, 2021 | Maritime | Liner Shipping

One of AP Moller-Maersk’s container ships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.

DNV GL awards AIP to KSOE for wing sail propulsion system

AJOT | January 22, 2021 | Maritime | Technology

DNV GL has awarded an Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a wing-sail auxiliary propulsion system for ships - the result of a joint research project between KSOE and SK Shipping. The virtual award ceremony recently took place in the presence of Hyunjoon Shin, Head of the Future Ship Research Department of KSOE, Haeyong Son, Vice President of SK Shipping, and Sung Ho Shin, Key Account Manager of DNV GL Korea.

CMA CGM empty equipment imbalance surcharge - reefer cargo from France to the Far East, Middle East & Indian Subcontinent

AJOT | January 22, 2021 | Maritime | Liner Shipping

LNG-powered CMA CGM JACQUES SAADE, a standard-bearer for the French shipping industry, makes her first call at Le Havre

AJOT | January 22, 2021 | Maritime | Liner Shipping

• France’s prime minister Jean Castex visits the world’s largest LNG-powered containership, making her first call at the Port of Le Havre. • CMA CGM, a key operator in France’s shipping and port sector, inaugurates 4 new gantry cranes in a ceremony attended by Édouard Philippe, former Prime Minister and mayor of Le Havre. • CMA CGM drives forward the energy transition in the shipping industry.

In 2019, oil and lease condensate proved reserves were flat; natural gas reserves declined

AJOT | January 22, 2021 | Energy | Maritime

In 2019, proved U.S. reserves of crude oil and lease condensate increased by 0.1%, and proved natural gas reserves declined by 1.9%, according to the U.S. Energy Information Administration's (EIA) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2019 report. Proved reserves of oil and natural gas each rose annually in the United States by at least 9% in the previous two years (2017 and 2018).

Maritime

Bloomberg | Top Story | January 22, 2021

Maersk loses 750 containers as heavy seas hammer LA-bound ship

One of AP Moller-Maersk’s container ships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.

THE Alliance announces Transatlantic service network adjustments for 2021

AJOT | January 21, 2021 | Maritime | Liner Shipping

CMA CGM update - Reefer PCS in Douala, Cameroon

AJOT | January 21, 2021 | Maritime | Liner Shipping

Port Freeport receives second round of federal funding for the Freeport Harbor Channel Improvement Project

AJOT | January 21, 2021 | Maritime | Bulk | Ports & Terminals

Cashman announces design contract to expand its hopper dredge fleet

AJOT | January 21, 2021 | Maritime | Bulk | Ports & Terminals

Today, Cashman Dredging and Marine Contracting Co., LLC of Quincy, Massachusetts, announced the execution of a design contract with IHC America Inc. for a new 6,500 cubic yard trailing suction hopper dredge. The new vessel will complement Cashman Dredging’s current fleet of specialized dredging equipment and will primarily service the coastal protection and navigation maintenance markets when it enters service in 2024.

[FBX Weekly] Congestion and delays continue to cause pain, though rates stabilize

AJOT | January 21, 2021 | Maritime | Liner Shipping | Ports & Terminals

Vaccine-ready -70°C reefer containers available from CakeBoxx Technologies

AJOT | January 21, 2021 | Maritime | Technology

CakeBoxx Technologies, the US company famed for the two-piece 'CakeBoxx' container and other innovative transportation products has today announced availability of the 'Global Vaccine Distribution Container' through a partnership with industry leader in refrigerated containers, Qingdao CIMC Special Reefer Co., Ltd (QCSC).

Maritime

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