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Frontloading ahead of Brexit and volatility in global supply chains have pushed up throughput volumes at UK container terminals. Ports say they are coping with demand, but are having to adapt to the situation
Even with the switch from services to goods, container volumes have remained down this year. The outlook for next year depends on further stimulus and the progress of the pandemic
An explosion believed to have been caused by a mine has punctured an Economou-owned crude oil tanker berthed at Al Shuqaiq, on Saudi Arabia’s Red Sea coast. Reports said no one was harmed
Lines had imposed surcharges on reefer containers going into Shanghai and Tianjin in February when a shortage of truck drivers at the height of the coronavirus outbreak caused congestion issues. The current hold-up is due to more stringent checks on frozen food imports involving full testing and disinfection of them by the Chinese authorities
BioLNG is likely to be commercially competitive relative to other low- and zero-carbon fuels such as green hydrogen and ammonia, the joint paper contends
While US ports have seen surging imports lead to record-breaking quarters, the picture in Europe is less rosy. Improvements in the most-recent quarter have left ports struggling to match last year’s figures
Twenty-six bulk carriers laden with Australian coking coal remain at anchor off China
The company posted a third quarter of the year loss of $10.1m, compared with a loss of $39.1m for the same period a year ago
Shippers and exporters are increasingly frustrated at delays and congestion at US terminals and the practices that carriers are implanting about the return of equipment. The country’s maritime regulator is now investigating if those practices break the law
CMA CGM has seen higher volumes in the third quarter of this year than it did last year. Combined with lower unit costs and a turnaround at CEVA, the company is now able to pay down some of its debts
Forwarders have been hit by heavy fees for the use of containers, even though this is often out of their hands. Fees that were meant to incentivise the free movement of equipment have now become punitive
Asia–Europe rates have not seen the same pricing pressure as those on the transpacific during the peak season. But with demand rising ahead of Christmas and Brexit, and with congestion surcharges being added, importers are now seeing freight rates surge
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