There’s a real prospect no large tankers could be transiting the Panama Canal from the start of next year, with VLGCs also likely to be pushed out from the interoceanic waterway, bringing dramatic changes to world seaborne gas and oil trading patterns, stretching the tonne/mile picture in the...
A year is a long time in liner shipping. At the end of 2022, carriers were handing out mega bonuses, some equivalent to more than a year’s pay. Fast forward to today and those same staff face the axe as the sector battles plummeting rates and rampant overcapacity. Maersk today issued its Q3...
https://splash247.com/challenging-times-ahead-maersk-lets-go-of-thousands-of-staff/
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News this week of further daily transit cuts at the Panama Canal has sent a rocket through the already hot VLGC markets. With containerships expected to take the lion’s share of the available slots on the interoceanic waterway for the next four months at least, other ship types are having to make...
https://splash247.com/vlgc-rates-surge-on-panama-canal-cuts/
Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara, and fellow liner operator North Sea Container Line have joined forces to deliver the world’s first containership that will use pure ammonia as fuel. From 2026 the ship named Yara Eyde will operate between Oslo, Brevik,...
https://splash247.com/worlds-first-ammonia-powered-boxship-set-to-deliver-in-2026/
To reduce the risk of evasive port calls and relocation of container transhipment activities to ports outside of the EU, the European Commission has announced that containerships sailing from a non-EU port to discharge cargo at an EU port by the way of Tanger Med or East Port Said will pay for 50%...
https://splash247.com/tanger-med-east-port-said-added-to-eus-upcoming-emissions-regulations/
One of the world’s leading container lines, Ocean Network Express (ONE), is launching its new Indian Ocean Mediterranean service (IOM). This connects India, Pakistan and the Middle East with the Mediterranean region and is expected to provide customers with an enhanced service coverage for this region. Greater schedule reliability and integrity is also expected to result from the introduction of the IOM service.
The first sailing from Nhava Sheva to the Mediterranean will be made by the...
https://www.themaritimestandard.com/one-launches-new-india-service/
October saw several high points for the Adani Ports group. Mundra port reached 4 million TEU handled so far in the 2023-4 financial year on October 23rd, in only 203 days, breaking the previous record of 225 days. Mundra also reached 100 million tons of total cargo handled in just 210 days, compared with 231 days in the preceding year.
There was a further record-breaking achievement for Adani Ennore Container Terminal which surpassed a previous high by handling a single container shipment of...
https://www.themaritimestandard.com/month-of-landmarks-for-adani-ports/
The dry weather in Panama shows no sign of letting up with the El Niño weather phenomenon wreaking havoc to schedulers working for the country’s canal administration. The Panama Canal Administration warned yesterday that following the driest October on record, the volume of daily transits will be...
https://splash247.com/record-dry-weather-forces-further-dramatic-cuts-at-the-panama-canal/
The European Tugowners Association (ETA) has called on the European Commission to prevent cargo diversion from EU ports and carbon leakage which could possibly occur due to the Emissions Trading System (ETS) introduction. ETA said that there was a risk of cargo diversion due to ETS inclusion in...
https://splash247.com/industry-warns-over-ports-call-evasion-of-eu-ets/