Friday, May 27, 2022
Shipping

Shipping

Dockworkers to shut all Japanese ports on Monday

Dockworkers to shut all Japanese ports on Monday

Dockworkers in Japan are planning a one-day strike on Sunday, 17 April, as the country enters “Shunto”. Every year around February to April, Japan enters “Shunto”, which translates as “spring wage offensive” and is a series of negotiations between employees...
477 Bulkers Are Stuck Waiting To Enter China

477 Bulkers Are Stuck Waiting To Enter China

Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain into the country. Queues of vessels carrying raw materials have jumped after Shanghai initiated a city-wide lockdown at the end...
FG planning more incentives to make eastern ports attractive to shipping lines — Minister

FG planning more incentives to make eastern ports attractive to shipping lines — Minister

The Federal government has said that it is putting more incentives in place to make seaports outside Lagos, especially those in Port Harcourt, Onne, Warri and Calabar more attractive to shipping lines and importers. Minister of Transportation, Rotimi Amaechi, who...

Freight Rates Declining in 2022 in the Face of Uncertainties

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline. The steady drop that began...
How NIMASA Allegedly Jettison Urgent Calls To Rescue Sunk MV WAO Ethiope And NIMASA BARUGU

How NIMASA Allegedly Jettison Urgent Calls To Rescue Sunk MV WAO Ethiope And NIMASA...

findings have revealed that urgent calls and letters written to the Nigerian Maritime Administration and Safety Agency (NIMASA) by Global West Vessel Limited to rescue the two vessels; MV WAO Ethiope and NIMASA BARUGU that sank recently, were...
Keith Svendsen emerges new CEO of APM Terminals as Engelsoft retires

Keith Svendsen emerges new CEO of APM Terminals as Engelsoft retires

The Chief Executive Officer of APM Terminals, Morten Engelstoft has chosen to retire and will be succeeded by the firm’s Chief Operating Officer (COO), Keith Svendsen. Engelsoft wlll step down as CEO on July 1, 2022 after a 36-year career...

MSC to acquire Bolloré’s Africa logistics business for $6.4bn

The world’s largest shipping line, Mediterranean Shipping Company (MSC), has reached an agreement to acquire 100% of the African logistic business of Paris-based Bolloré Group for €5.7 billion (US $6.4 billion). The agreement follows exclusive negotiations between the two parties...

Ukraine Guarantees Insurance Payouts For Vessels Damaged At Its Danube Ports

Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on Friday. Ukraine exports almost all its commodities...
Evergreen Declares General Average On Stricken Ever Forward

Evergreen Declares General Average On Stricken Ever Forward

Following the failure to refloat the 12,000 teu Ever Forward this week, Evergreen announced, today that, with the increasing costs of the salvage operation, it had declared General Average. The carrier said: “Evergreen Line has been making every effort to...
African Regulators Investigate Maersk and CMA CGM for Price Collusion

African Regulators Investigate Maersk and CMA CGM for Price Collusion

The Common Market for Eastern and Southern Africa (COMESA) competition watchdog has joined a growing list of authorities investigating global container lines for collusion in fixing freight rates. After a year in which global carriers reported dramatic increases in...

MOST COMMENTED

1,900 Containers Lost or Damaged on ONE Boxship

The container collapse on the boxship, ONE Apus, is poised to become one of the largest recent incidents. The owners and managers of the...

HOT NEWS

Counter

0 1 5 9 0 3