Carriers including OOCL’s parent Cosco Shipping attended a consultation organised by China’s transport ministry intended to curb the skyrocketing spot rates on transpacific trade. Regulatory intervention could affect shipping lines’ capacity management ability

There is a need for the shipping industry to reach an agreement on short- and medium-term emissions reduction measures ‘that will be uniformly applied by all ships’, says Plakiotakis

Carriers were asked what measures they had taken to ‘curb the excessively fast mark-ups on China-US routes’, and to pass on the cost savings from the drop in oil prices and reduction of port fees. Cosco Shipping was said to have halted the September 15 general rate increase and scrapped scheduled blank sailings for October

The two dual-fuel tankers, featuring the Type B Cargo Containment System developed by Jiangnan, are scheduled for delivery between June and September in 2022, a yard official has confirmed. They are priced slightly cheaper than the South Korea-made VLECs of similar size

Carriers need to react to changes in the global supply chain not just operationally but also strategically. Tom Harris, a supply chain expert at Maersk, explains why the ability to integrate the entire end-to-end logistics chain beyond the ocean freight portion may help carriers to stand out from the competition

HMM has already adopted the shipbuilder’s smart ship solution on five of its supersized containerships delivered this year as part of the partnership. The South Korean shipping line also expects to launch a Smart Ship Control Centre later this year