Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean Continue Reading
Owners of tankers have become reluctant to offer their vessels to load crude from Russia for fear that their future cargo could be breaching potential sanctions if the West decides Continue Reading
Record-high bunker prices are pushing transport costs higher, and in turn, impacting the costs of goods and services across the globe. The overall rebound in demand for fuels as economies Continue Reading
Shipping group Maersk (MAERSKb.CO) plans to install hundreds of offshore charging stations around the world to allow vessels to power themselves with electricity instead of fossil fuels while waiting outside Continue Reading
The technology group Wärtsilä has received its first order for newbuild methanol-fueled engines. A new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai Continue Reading
Demand for shuttle tankers will grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the Continue Reading
MSC takes No. 1 spot as it invests windfall profits in aggressive fleet expansion CMA CGM retakes third place in global rankings, while Wan Hai enters top 10 Switzerland-based shipping Continue Reading
Sumitomo Corporation will launch a full-scale project to design and develop an ammonia-fueled dry bulk carrier jointly with Oshima Shipbuilding Co., Ltd. The ship is expected to be 229m in Continue Reading
Shippers of containerized goods were caught off guard this year. Never before had container spot rates risen so far, so fast. But shippers of liquid and dry bulk commodities know Continue Reading
Tens of thousands of seafarers are stuck at sea working beyond their maximum 11-month contracts, as the emergence of the Omicron Covid-19 variant hinders cargo ship operators’ ability to change over crews. With the Continue Reading
Highlights Marine fuel supply tightness to last into 2022 Wide Hi-5 spread incentivizes scrubber installation Record LNG prices drive high sulfur fuel oil consumption Rising refinery costs impact feedstock demand Continue Reading
The backup of container ships waiting to enter the nation’s busiest port complex isn’t letting up. But it has moved farther from shore. Only about 30 vessels sat within sight Continue Reading
Highlights Premium fees for Asian export cargoes commonplace amid empty container shortage Priority fees emerge for Mediterranean discharge as demand strengthens All-inclusive trans-Pacific container shipping rates to North America strengthened Continue Reading
The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the Continue Reading
The record volume of cargo moving through the U.S.’s busiest port complex is likely to continue amid high consumer demand for goods, the head of the Port of Long Beach Continue Reading
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading
The twin ports of Los Angeles and Long Beach became the most essential gateways for the American economy over the past century as the country expanded its economic reach beyond Continue Reading
Asia is stocking up on LNG inventory to avoid a repeat of last winter’s supply shortage. Surging demand for LNG and increased shipments of U.S. gas to Asia are sending Continue Reading
Global talks on how to clean up shipping are set to begin Monday as momentum builds to cut pollution from the sector. The International Maritime Organization “is under pressure to Continue Reading
Mobile carbon capture in shipping is technically feasible. Mobile carbon capture in shipping is technically feasible and has a long term role to play in meeting the industry’s decarbonization targets. Continue Reading
Maersk CEO Sees Tight Global Shipping Markets Into 2022 Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . The Continue Reading
The global shipping industry produces between two and three percent of the world’s carbon emissions, and the push to decarbonize the industry is now well and truly underway The solutions Continue Reading
President Joe Biden’s point-person for clearing the supply-chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State. The Emerging Projects Agreement Continue Reading
Shipping companies face a 2050 deadline set by the International Maritime Organization that seeks sharp cuts in vessels’ carbon-dioxide emissions. Photo: adrian dennis/Agence France-Presse/Getty Images Shipping operators are under pressure Continue Reading
A deepening freight logjam is defying President Biden’s hopes of restoring normal cargo movements, hampering the economic recovery and threatening consumers’ holiday shopping plans. Two weeks after Biden administration officials announced steps Continue Reading
Computer chips. Exercise equipment. Breakfast cereal. By now, you’ve probably heard: The world has run short of a great many products. In an era in which we’ve become accustomed to clicking Continue Reading
Soaring prices and demand for liquefied natural gas (LNG) in Asia have pushed spot LNG freight rates to over $200,000 per day as traders scramble to book vessels to ship Continue Reading
Since the pandemic started to wane, Americans have been on an extraordinary buying spree. One measure of this is the daily tally of container ships idling outside the congested ports Continue Reading
Like toy blocks hurled from the heavens, nearly 80,000 shipping containers are stacked in various configurations at the Port of Savannah — 50 percent more than usual. The steel boxes Continue Reading
An engineer stuck on a cargo ship abandoned in a Black Sea port has waited four years to get paid and go home. Off the coast of Somalia, a crew Continue Reading
Wärtsilä and the Korean shipbuilding company Samsung Heavy Industries (SHI) have signed a joint development program (JDP) agreement aimed at developing ammonia-fueled vessels with 4-stroke auxiliary engines available for future Continue Reading
Los Angeles/Long Beach beats Hong Kong to 9th busiest port in H1 2021 Top 20 ports see 13% volume growth, but freight rates surge by 346% Port congestion keeps ships Continue Reading
The queue of container ships waiting to berth at the Los Angeles/Long Beach port complex grew to a record 60 vessels as the ports remain inundated with import volumes during Continue Reading
One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end Continue Reading
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . The global shipping industry is getting its biggest payday since Continue Reading
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . The number of container ships waiting to enter the largest Continue Reading
The world’s third-largest container carrier said it’s capping spot rates for ocean freight for the next five months, yielding to pressure from some customers and regulators concerned that global trade Continue Reading
Leaders of some of the busiest U.S. ports expect congestion snarling maritime gateways to continue deep into next year, as the crush of goods from manufacturers and retailers looking to Continue Reading
Highlights Naphtha, grains, LNG shipments delayed Jet fuel trade flows may increase Clean tanker freight supported Global shipping markets have been roiled by major disruptions after Hurricane Ida made landfall Continue Reading
The world’s fleet of giant supertankers is the oldest it has been since 2002, the latest sign of an illicit trade that owners say is damaging business. Publicly traded shipowners Continue Reading
The ports of Los Angeles and Long Beach in California reported lengthier lists of ships anchoring offshore, with the number of ships idle within sight of the port standing at Continue Reading
The world’s largest container-shipping line is making a $1.4 billion investment in a greener fleet. A.P. Moller – Maersk A/S has ordered eight new vessels, each costing $175 million, that Continue Reading
The world’s largest shipping company, A.P. Moller Maersk A/S, aims to have net-zero carbon dioxide emissions from its own ocean operations by 2050 as the industry responsible for around 3 Continue Reading
A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023. With Continue Reading
Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with Continue Reading
A.P. Moller-Maersk — the largest shipping company in the world — has signed an agreement with South Korea’s Hyundai Mipo Dockyards to a build a feeder vessel capable of sailing Continue Reading
Nuclear propulsion for cargo vessels spurred by carbon regulation Samsung sees nuclear power as potential eco-friendly shipping option Reactor design could also be used in floating power plants South Korea’s Continue Reading
WATCH: The shutdown of one of China’s busiest ports drags on. James Mayger reports. Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Continue Reading
China is reshaping global shipping fuel markets by taking advantage of its booming maritime trade and massive refining capacity to undercut rivals from Singapore to South Korea and become the Continue Reading
High-sulfur fuel oil markets are getting a boost as Chinese private refiners hunt for more straight-run fuel oil to use as a feedstock, and a sweltering summer in the Middle Continue Reading
