DP World chief operating officer Tiemen Meester is optimistic that vertical logistics integration, greater efficiency and better relationships with clients are here to stay, but the market is not going to return to pre-Covid ‘normal’
Some weakening is expected as the weather system approaches Florida’s west coast, but slower forward motion will likely prolong its surge, according to a report by insurer Acrisure
Shippers have struggled to pay high rates for poor service, and even then not be certain their cargo would be carried. With demand and rates falling, however, the tables are turning
Shipping struggles under burden of ‘confusing and disruptive’ sanctions | Marine insurers to meet US officials on Russia oil price cap | MSC to launch air freight business
Commentators complain that ‘chaotic’ sanctions need extensive compliance departments beyond the scope of most shipping firms
Throughput in the port 4.6% and 4.5% higher than Los Angeles and Long Beach, respectively, as shippers continue to divert cargo from the west coast
Tibar Bay port has now come under the portfolio of MSC. It is capable of handling 250,000 teu, with a plan to expand its capacity to 1m teu over time as trade grows
Unctad secretary-general opens the Global Maritime Forum with a call to action for greater numbers and bigger sizes of ships to transit via the Black Sea as major shipowners have mostly been reluctant to commit newer, larger vessels
Alexandroupolis has become key gateway for US and Nato military equipment as well as a regional energy hub. There is strong US interest in both binding offers received by deadline
Zero-emissions shipping goals for 2030 ‘partially on track’ | Poseidon Principles endorse tougher shipping emission targets | Meeting obligations on ESG is good business
SIPG said the project will help improve Yangshan’s service capacity and the river-to-sea intermodal shipping in the Yangtze River Delta region, where the port is based
Industry attempts to amend EU carbon market amid delays | Why shipping’s poor progress report requires high-level attention | EU weakens Russia coal ban to combat food and energy insecurity | Marine insurers in the dark over Russian oil cap details
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