With rates in record territory the size of a ship on the main east-west trade lanes is no longer a limiting factor to entry. Two up and coming Chinese carriers are set to enter the transpacific trades in the coming weeks. Rapidly expanding CU Lines, fresh from entering the Asia-Europe trades, will...
https://splash247.com/two-chinese-carriers-launch-transpacific-services/
The enormous strains felt by retailers in the US, struggling to get stock on their shelves, has taken an extraordinary turn with one of the biggest names on the American high street deciding to take matters into its own hands. Home Depot, the largest home improvement retailer in the US, has...
https://splash247.com/home-depot-charters-in-ship-to-battle-supply-chain-pitfalls/
Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the 10 carriers recording EBIT of over $1bn in the three-month period, data from Sea-Intelligence shows. Underscoring the record highs container shipping has been enjoying of late,...
Sri Lankan authorities said over the weekend they will seek $40m in damages from the operator of the , a ship that caught fire last month and sank off the island’s west coast, creating one of the country’s worst ever ecological disasters. Ports and shipping minister Rohitha Abeygunawardena said an...
https://splash247.com/sri-lanka-lodges-40m-claim-against-x-press-feeders/
Thailand is dusting off old plans to create a national flagship carrier. The Port Authority of Thailand (PAT) will conduct a feasibility study into the establishment of a national shipping line, transport minister Saksayam Chidchob said on Saturday. “I believe the creation of the national maritime...
https://splash247.com/thailand-dusts-off-national-shipping-line-plans/
From Shekou to Seattle, Amsterdam to Auckland, containerships are backing up like never before in the 65-year history of the industry as the liner industry grapples with the enormous strain brought by Covid-19 and exceptional consumer behaviour. Data provided to Splash today from Seaexplorer, a...
The chief mate, Bosko Markovic, on the when it was arrested in Philadelphia in 2019 with a record haul of cocaine worth $1.3bn has been sentenced to seven years in US prison. Markovic was promised $1m to lead the smuggling effort onboard. He was responsible for recruiting some of the seven crew...
The principle goods highway to the world’s consumers is jammed. In the wake of a Covid-19 outbreak at Yantian Port in eastern Shenzhen on May 25, vessels have backed up in the South China Sea, while others have sought alternatives in western Shenzhen, Hong Kong and Nansha to the south of Guangzhou....
Dutch companies Koedood Marine and Nedstack have been chosen to supply a complete proton exchange membrane (PEM) fuel cell system to retrofit Future Proof Shipping’s (FPS) inland container vessel to hydrogen power. The Rotterdam-based Future Proof Shipping will retrofit the 110 m long boxship at...
Shipping man and author, Carlos Luxul, questions why the X-Press Pearl was not allowed to offload a leaking box of acid at ports in Qatar and India before its fateful voyage to Sri Lanka. The sank on June 2 in what is now referred to as the worst maritime ecological disaster in Sri Lanka’s history....
https://splash247.com/how-the-x-press-pearl-disaster-could-have-been-avoided/