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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...
World trade expected to grow over the next three months, but at a slower pace Positive growth outlook for all seven countries with India showing exceptional momentum Slightly gradual growth in most countries due to slowdown in air trade; global ocean trade showing flat...
The Ports of Wilmington and Morehead City, North Carolina will keep their truck gate operations closed through Monday, September 24 as the recovery from Hurricane Florence continues. Vessel operations are expected to resume more quickly, and port employees returned to work Thursday. Trucks could have...
Maerks Line has announced a new bunker adjustment factor (BAF) surcharge it says will enable customers to predict, plan and track how changes in fuel price impact the shipping freight rate. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the...
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On Saturday, Hurricane Lane weakened into a tropical storm and turned west, and U.S. Coast Guard Sector Honolulu reopened most of Hawaii's commercial seaports. Only Lanai's Kalamauapau Harbor remained closed, pending inspection, and was expected to be reopened soon. “Restoring this vital commerce has been a top...
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