North American ports are the costliest in the world in terms of demurrage and detention. The top 3 being New York, Oakland, and Los Angeles. This is according to the findings of the fourth annual edition of ‘Demurrage and Detention Charges benchmark report 2023′ published by the neutral online container logistics platform, Container xChange. The […]
The Rhine River, a vital lifeline of transportation and trade in Europe, is currently grappling with the pressing challenge of falling water levels. Barge transports passing through the measuring point at “Kaub” are particularly impacted due to draft restrictions, and there is a looming possibility of other locations facing similar consequences in the near future. […]
As of Week 27, the global MABUX bunker indices turned into moderate growth. The 380 HSFO index rose by $16.03, reaching $499.05 USD/MT compared to $483.02 USD/MT last week, coming close to the $500 mark once again. The VLSFO index increased by $8.07, with a current value of $608.21 USD/MT compared to $600.14 USD/MT last […]
The European Union’s Monitoring, Reporting and Verification (EU MRV) dataset for shipping’s European CO2 emissions (ETS) for the year 2022 has just been published, with the data highlighting some significant year-on-year changes from 2021 despite the shipping industry as a whole showing a modest reduction in emissions. The EU MRV regulation requires all ships exceeding […]
German exports remain sluggish. After the severe March plunge and a minor rebound in April, exports dropped in May by 0.1% month-on-month (from 1.0% MoM in April). On the year, exports were up down by 0.7%. Don’t forget that this is in nominal terms and not corrected for high inflation. With imports increasing by 1.7% MoM, […]
Hamburg, July 3: As around 7500 dock workers representing the International Longshore and Warehouse Union (ILWU) continue with the third day of strike, thereby impacting the two key gateways of international trade – Port of Vancouver and Port of Prince Rupert, the maritime industry prepares for a yet another domino effect all the way up […]
The shipping industry is undergoing a transformative shift towards sustainability and the International Maritime Organization (IMO) is set to adopt its revised greenhouse gas (GHG) strategy next week. There is also increasing pressure from environmental groups urging the adoption of ambitious emission reduction targets. The 80th session of the IMO’s Marine Environment Protection Committee (MEPC […]
As of the 26th week, the global MABUX bunker indices experienced a moderate decline. The 380 HSFO index witnessed a decrease of 5.62 USD, dropping from 488.99 USD/MT in the previous week to 483.37 USD/MT, remaining well below the 500 USD threshold. Similarly, the VLSFO index declined by 13.33 USD, reaching 600.54 USD/MT compared to […]
X-Press Feeders has regained the top spot from Unifeeder as the world‘s largest common feeder operator. The Singapore-headquartered X-Press Feeders has expanded its fleet by 2.1% since June ’22. In this same period, the global liner fleet grew by 5.7%. Meanwhile, Unifeeder has reduced its fleet capacity by more than 25,000 teu which represents a […]