Reducing the amount of time ships spend waiting outside port and at anchor could significantly reduce ship emissions, according to studies carried out by members of the IMO GloMEEP Global Industry Alliance (GIA). Ships can spend hours or days waiting at anchor outside ports, but providing...
Bunker is one of the most important costs for a container shipping line. IFO 380 price has increased considerably over the last 12 months with a 40 % year to date increase compared to 2017 average. On top of the above a new IMO (International...
London, UK, 2 October 2018 – There is considerable unease among global shippers/BCOs (Beneficial Cargo Owners) and freight forwarders ahead of the IMO’s 2020 global emissions regulations, due to come into force on 1 January 2020, according to a survey conducted by global shipping consultancy...
Hapag-Lloyd has now joined a number of other leading container shipping companies by announcing how it will recover the costs of low sulfur fuel once the IMO regulations enter into force in 2020. The sulfur cap for compliant fuel oil will be lowered from 3.5 to...
Analysts expect container shipping spot freight rates to soften this week before picking up later in the year head of Chinese New Year factory closures in January. The World Container Index, assessed by Drewry, was down 3.1% week-on-week to $1,668 per feu on 4 October, while...
The congestion that has hampered activity at Felixstowe over the past few months now seems to be affecting another major UK port for container traffic, Southampton. Terminal operator DP World's local unit at the southern UK port, DPWS, said today that it is currently experiencing very...
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