International Shipping News

Taiwan’s Evergreen weighs options to transfer arrested Ever Given cargo

Mon, 19 Apr 2021 09:00:58 +0000

Taiwan’s Evergreen Marine Corp, operator of the containership arrested by the Suez Canal authorities and whose thousands of containers are stranded on it, is exploring the possibility of transferring the cargo to another ship, while compensation claims are presently disputed and sub judice. The Ever Given, an ultra large containership that was stuck in the ...

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New BIMCO Clause Promotes Harmonised Ship-Shore Data Exchange

Mon, 19 Apr 2021 09:00:56 +0000

BIMCO has published a charter party clause promoting the use of the IMO’s data model framework. The publication is an extension of BIMCO’s strategic objective to encourage greater efficiency and harmonisation in the ship-shore interface. At present there is no single global format for exchanging information between ships and ports/terminals such as arrival and departure ...

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Freight Boom Is Not Without Downsides For Carriers

Mon, 19 Apr 2021 09:00:54 +0000

Driver recruiting problems are limiting carrier growth while the cost of operating is growing at a faster rate than ever. A similar scenario played out at the end of the 2017-18 freight boom. Cost inflation from insurance, maintenance, equipment and wages lasted beyond the yearlong freight boom that saw spot rates surge to all-time highs ...

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Simplifying the life of seafarers

Mon, 19 Apr 2021 09:00:52 +0000

Another innovation, another new system, another new screen to stare at! New technology is usually synonymous with ease and convenience. However, digitalisation has earned a certain amount of bad rap in some seafarer circles. Rather than simplifying the job, it’s sometimes perceived as an added burden — one more task in an already busy to-do ...

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Nakilat achieves QAR 320.1 million profit for the first quarter of 2021, an 14.5% increase

Mon, 19 Apr 2021 09:00:48 +0000

Nakilat announced its financial results for the first quarter ended March 31, 2021 with a net profit of QR 320.1 million compared to QR 279.5 million during the same period in 2020, with an increase of 14.5%. Nakilat remained committed in achieving its vision and continued to deliver robust financial performance and sustained operational excellence, ...

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Bunkering Hubs To Grow Market Share As More Fuel Types Emerge

Sun, 18 Apr 2021 21:00:59 +0000

The recent trend of major ports taking a rising share of the bunker fuel market at the expense of smaller ports may be set to accelerate amid the increasing diversification in offerings. “For buyers, that is driven by the quality of fuels [from] these key hubs and the quality [of] the supply chains,” Peter Beekhuis, ...

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Dry Bulk Market: Capesizes Reach New 2021-High

Sun, 18 Apr 2021 21:00:58 +0000

Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for the week to $28,250. Both basins had a ...

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