Maritime News - Page 2

Loading and discharge of container vessels is proceeding normally at the Port of Ningbo, but backlogs there are in the forecast because lockdown restrictions and mass testing requirements have impacted manufacturing and trucking in the Chinese city.

As tanker markets continue to endure the impact of the global pandemic and the recent omicron variant of the coronavirus, which offset expectations of a bullish fourth quarter, tanker owners anticipate changing trade lanes and increasing ton-mile demand could turn spot freight north after a year of breakeven-to-negative time charter equivalent earnings.

Port of Duisburg is developing the largest container terminal in the European hinterland and the first one with completely climate-neutral operations using hydrogen, intelligent networking, and the ability to supply neighboring districts with energy.

Israel welcomes Cyprus’ efforts for the reopening of the Cyprus-Greece Maritime Passenger Connection and the possibility of its expansion into Israel.

The Association of Rotterdam Shipbrokers (VRC) and the Port of Rotterdam Authority have entered into an agreement on the port tariffs for the next three years, following constructive consultations from Deltalinqs, the representative of the business community in Mainport Rotterdam.

Even during the pandemic, the positive trend in container traffic between Hamburg and the USA continues. Since 2019, the USA has been Hamburg’s second strongest trading partner for seaborne trade after China.

The modernisation of internal procedures and the adoption of a more open approach were highlighted as urgent necessities in a report by the Cyprus Ports Authority released this week.

The Port of Hamburg has achieved a new record in rail container volumes, reaching 2.1 million TEU during the first nine months of the year, representing a growth of 8.3% year-on-year.

One week after Glasgow, 174 governments will meet this week at the International Maritime Organization (IMO) in London to address the pressing carbon emission reduction challenges facing international shipping, in what industry is calling the ‘first litmus test’ of government’s decarbonisation commitments following COP26.

A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.