India is updating merchant shipping regulations and has outlined plans to regulate freight charges. The draft Merchant Shipping Bill, posted online for public consultation, contains the following rules. “Every service provider or agent, in respect of any Indian ship or other ship operating in...
https://splash247.com/india-moves-to-regulate-freight-charges/
The Federal Maritime Commission in Washington DC is widening its liner probe, determined to get a greater grasp on how the three main global alliances work. The future framework of liner alliances is now being brought into question given the stranglehold the three main alliances have on the main...
https://splash247.com/federal-maritime-commission-widens-liner-probe-alliances-scrutinised/
The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost all dry bulk segments showing an improvement in rates and shipowners feeling dry bulk has finally bottomed out. “The good momentum and buying appetite now seems ‘abundant’ in the SnP...
https://splash247.com/weekly-broker-dry-bulk-finally-bottoms-out/
Swissterminal expands intermodal portfolio with new barge service to Rotterdam and Antwerp
Frenkendorf, Switzerland, 25 November 2020: Switzerland-based integrated logistics provider Swissterminal AG and its partner DP World have announced the introduction of a regular barge service from Basel-Kleinhüningen and Basel-Birsfelden to various deepsea terminals at the ports of Rotterdam and Antwerp, starting 1 January 2021.
With the launch of this new intermodal product, Swissterminal offers two...
Liners are having to seek out multipurpose (MPP) ships to cope with extraordinary demand and sky high rates across container shipping tradelanes. “The dearth of cellular container tonnage in the charter market is forcing some carriers to tap into the multipurpose market to cover their needs,...
https://splash247.com/liners-turn-to-multipurpose-tonnage-to-plug-gaps-in-charter-market/
Liner lobby group, the World Shipping Council (WSC), has elected two well-known names to replace Ron Windows as chairman. Jeremy Nixon and Rolf Habben Jansen, the CEOs of Ocean Network Express (ONE) and Hapag-Lloyd, will serve an initial two-year term, helming the council that Windows had...
https://splash247.com/nixon-and-habben-jansen-to-co-chair-the-world-shipping-council/
All available reefer plugs are taken at Tianjin’s Xingang port, one of the main entry points for frozen food into China, leading carriers to stop calling at the port. Splash reported last week how fearing Covid strains could enter the country on frozen food imports, China had upping its checks on...
https://splash247.com/covid-puts-a-freeze-on-reefer-calls-to-tianjin/
The 5,576 teu containership grounded off Batam in Indonesia on Sunday, scything into another grounded boxship, new videos show. The Tina 1, owned by Technomar Shipping of Greece and on charter to Maersk, ploughed into the Shahraz boxship late on Sunday night having departed Singapore for Jakarta....
https://splash247.com/greek-boxship-scythes-into-grounded-iranian-vessel-off-batam/
The Federal Maritime Commission (FMC) in Washington DC has launched a probe into liner activity in the ports of New York, Los Angeles and Long Beach as shippers voice ever louder concern about the lack of available containers to shift their exports. The investigation will look at the policies and...
While 2020 is on course to be a rare year where global seaborne trade volumes will fall, the average distance of each tonne moved is still set to grow, thanks in large part to the surging volumes of US energy exports, much of which has headed to Asia. Clarkson Research has run the numbers and …
https://splash247.com/global-seaborne-trade-to-contract-3-6-in-2020/