How AfCFTA could boost maritime trade in Africa
UNCTAD’s Review of Maritime Transport 2021 published on 18 November points to positive trends in maritime trade that might sustain economic growth in Africa, notably the entry into force of…
OPEC struggles to pump at target as oil prices reach seven-year high
OPEC’s oil output in January has again undershot the rise planned under a deal with allies, a Reuters survey found on Monday, highlighting some producers’ struggle to pump more even…
Container lines set for $200bn profit in 2022- Drewry
Although demand growth is slowing, Drewry has upgraded its expected profits for container lines in Container shipping profitability is continuing to climb to new stratospheric highs and Drewry noted in…
Shippers challenge container line demurrage fees in US courts
Shippers are set to challenge “disingenuous” shipping lines to claw back demurrage fees at Los Angeles and Long Beach Ports. Cash-rich container lines are facing a backlash from disgruntled shippers…
Ghana to fine vessels with unvaccinated crew
Ghana is set to fine vessels that have unvaccinated crew or passengers onboard warn P&I Club Gard. In an alert Gard said it’s local correspondents in Ghana, Sheringham P&I Services,…
Korea researchers name LPG as green alternative ship fuel
LPG tanker, courtesy of Wärtsilä Korea Maritime & Ocean University researchers identify liquefied petroleum gas (LPG) as a low-cost and eco-friendly alternative to marine propulsion fuels. Although liquefied petroleum gas…
COVID: WTO General Council discusses call for virtual ministerial meeting
World Trade Organisation WTO General Council Chair Ambassador Dacio Castillo (Honduras) convened the 10 January meeting in response to India’s recent proposal to hold a virtual Ministerial Conference on the…
2021, another bad year for tankers
An expected recovery in tanker rates never came in 2021, a year marked by continued oversupply and tepid demand, according to Poten and Partners. In its weekly opinion piece, Poten…
MSC overtakes Maersk as world’s largest ocean carrier
Swiss container shipping company, Mediterranean Shipping Company MSC is now the world’s largest ocean carrier by operated container vessel capacity, maritime consultancy Alphaliner said. On January 5, MSC; the long-term…
Congestion hits New York, New Jersey Ports as Covid cases spike
Port of New York The Port of New York and New Jersey has been hit with congestion due to a spike in the number of port workers in quarantine for…
