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Ports & Logistics

UK ports ‘coping’ with unprecedented demand

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

Europe United Kingdom

Carriers unlikely to repeat this year’s success in 2021

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

International Containers

Greek-owned aframax damaged in blast off Saudi Arabia

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

Middle East and Africa Saudi Arabia

Surcharges and diversions as China frozen food checks cause Tianjin reefer congestion

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

China Containers

BioLNG has green fuel advantages over hydrogen or ammonia

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

Europe Bunkers

Europe’s box ports still suffering from lower volumes

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

Europe Germany

Sino-Australia trade spat keeps bulk carriers stranded

Twenty-six bulk carriers laden with Australian coking coal remain at anchor off China

Australia China

Navios outlook improves on better third quarter

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

International Navios Group

US regulator steps up pressure on carriers

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

North America United States

CMA CGM boosted by recovery in shipping and logistics volumes

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

Europe France

Forwarders call for action on detention and demurrage

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

International Containers

European container freight rates continue upward surge

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

Asia Pacific Europe