IMO: Containerships could reduce emissions with just in time arrivals
Shipping lines have increasingly understood the benefits of voyage optimization for fuel savings and cost control, but a new report from a low carbon public-private partnership sponsored by the IMO…
Hapag-Lloyd pays $2m FMC detention, demurrage settlement
Hapag Lloyd Antwerpen Express. Hapag-Lloyd has agreed a $2m settlement with the US Federal Maritime Commission FMC in relation to alleged detention and demurrage violations. The FMC’s Bureau of Enforcement…
Middle East ports top global efficiency rankings
King Abdullah Port New research into container port performance last year has thrown into relief recent efficiency gains achieved by Middle East ports, with four facilities in the region positioned…
Russia to send oil rejected by Europe to Asia, other regions: Dy PM Novak
Russia will send any oil rejected by European countries to Asia and other regions, Deputy Prime Minister Alexander Novak said on Thursday, adding that Europe would have to find substitute…
Number of displaced persons in their own countries rises in ‘world falling apart’
In a world beset by conflicts and natural disasters, the number of people who fled their homes and sought shelter within their own countries hit a record high of close…
EU revises growth forecast down to 2.7%, inflation estimate up at 6.1%
Real GDP growth in both the EU and the eurozone is now expected at per cent in 2022 and per cent in 2023, down from its February forecast of per…
Africa’s competition increases as Hapag develops new terminal in Egypt
Hapag-Lloyd is developing a large container terminal in the northern Egyptian port of Damietta, with million TEU capacity that will become a transshipment hub for the eastern Mediterranean. The German…
INCREDIBLE: Capesize bulker Captain lost overboard, survived 3 days in sea clinging to wood
Turkish and Indonesian authorities are reporting the remarkable rescue of a captain 66 hours (about three days) after he went overboard from a large bulk carrier in the Java Sea.…
Ship repair queues grow due to China’s lockdowns
While the force majeures announced at multiple shipbuilding yards in the wake of China’s series of lockdowns have been widely reported, the effects of Beijing’s zero-Covid policy in the domain…
EU sanctions cause pile up of luxury cars
Zeebrugge Port One of the EU sanctions imposed on Russia is a luxury ban in mid-March. One of its implications is that the sale of EU-made vehicles over 50,000 Euros…
