carrier

Ocean Carriers Are Driving The Rates Race To The Bottom

Carriers are themselves driving the rates ‘race to the bottom’ they warned would lead to a “dire situation” in 2024 – Maersk singled out as one of the worst offenders. Announcing the group’s third-quarter flop last week, the Danish carrier’s CEO, Vincent Clerc, told investors that without an uptick on the spot market in the final three months, the coming year would prove difficult for ocean shipping, reports The Loadstar.

Dire situation

His comments, though, received sharp shrift from the wider...

https://mfame.guru/ocean-carriers-are-driving-the-rates-race-to-the-bottom/

Hapag-Lloyd Frozen Out Of Second-Round Bidding

Credit: The Korea Economic Daily

South Korean authorities have excluded Hapag-Lloyd from the second round of bidding to acquire flagship carrier HMM, says an article published on the loadstar.

Maritime community

Reports claim the creditor banks involved in the sale of HMM, Korea Development Bank and Korea Ocean Business Corp, took note of the country’s maritime community and ruled out Germany’s largest carrier as a potential suitor.

In a joint statement, the Federation of Korea Maritime Industries...

https://mfame.guru/hapag-lloyd-frozen-out-of-second-round-bidding/

Carrier Transicold Sets Industry Standards with PrimeLINE and NaturaLINE

Credit: eilis-garvey-unsplash
Introduction

Carrier Transicold, a part of Carrier Global Corporation, has achieved recyclability accreditation for its PrimeLINE and NaturaLINE refrigeration units. This recognition by Underwriters Laboratories Inc. (UL) distinguishes them as the sole transport container refrigeration units in the industry to receive this esteemed sustainability validation.

Accreditation Details

UL validated the recyclability of Carrier Transicold’s PrimeLINE and NaturaLINE...

https://mfame.guru/carrier-transicold-sets-industry-standards-with-primeline-and-naturaline/

Under-Pressure Feeders Now Threatened By Ocean Lines’ Expansion

Credits: frank-mckenna/Unsplash

Having lost significant business as a consequence of the Russian invasion of Ukraine, commercial feeder operators in North Europe face reduced transhipment demand, together with the increasing threat of ocean carrier customers operating their own services, reports The Loadstar.

Intra-European carrier market

According to a new Alphaliner survey, MSC still dominates the intra-European carrier market, with a one-third share, although CMA CGM had the greatest capacity...

https://mfame.guru/under-pressure-feeders-now-threatened-by-ocean-lines-expansion/

[FAQs] How To Reduce Bunker Speed of Your Ship?

Credit: Shaah Shahidh/Unsplash

Anyone working in shipping will attest that bunker/fuel is one of the major expenses for any shipping company.

Here’s an article published in Maritime Logistics Professional briefing on critical points for shipowners and charterers to become more profitable.

Here’s an excerpt from that.

Bunker Fuel Cost

The cost of bunker fuel is an easy place to start. Fuel accounts for a massive 60% – 80% of the cost of a voyage. 

Below are the ways an owner can reduce these costs:

Slow...

https://mfame.guru/faqs-how-to-reduce-bunker-speed-of-your-ship/

[FAQs] How To Reduce Bunker Speed of Your Ship?

Credit: Shaah Shahidh/Unsplash

Anyone working in shipping will attest that bunker/fuel is one of the major expenses for any shipping company.

Here’s an article published in Maritime Logistics Professional briefing on critical points for shipowners and charterers to become more profitable.

Here’s an excerpt from that.

Bunker Fuel Cost

The cost of bunker fuel is an easy place to start. Fuel accounts for a massive 60% – 80% of the cost of a voyage. 

Below are the ways an owner can reduce these costs:

Slow...

https://mfame.guru/faqs-how-to-reduce-bunker-speed-of-your-ship/

MSC Becomes First Carrier To Offer In-House Liquid Cargo Solutions

Liquid Cargo Solutions

MSC has become the first carrier to provide in-house Liquid Cargo Solutions, directly supplying and fitting flexibags for customers worldwide. MSC provides a single point of contact, offering end-to-end services for customers in the liquid cargo supply chain.
With unrivalled global connectivity across land and sea and an extensive port and depot network close to liquid cargo production regions, MSC’s Liquid Cargo Solutions offer flexible capacity and specifications, supporting the growth of the...

https://www.marineinsight.com/shipping-news/msc-becomes-first-carrier-to-offer-in-house-liquid-cargo-solutions/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.