Sea

Boxship Recycling Lags 1.8 million TEUs, BIMCO

Container ship owners and operators are extending a pattern of low recycling activity since 2021, as BIMCO estimates a recycling overhang of at least 500 vessels and 1.8 million twenty-foot equivalent units, or TEUS. “So far this year, only 10 container ships have been recycled, said Niels Rasmussen, chief shipping analyst at BIMCO, a Danish shipping association for maritime. The share of ships 20-years-old or older has increased from 16 percent at ... [+]

BIMCO Developing Clause for Chinese Port Fees

BIMCO, the Danish shipping association, has begun development of a clause specifically addressing the new fees introduced on Oct. 14 for U.S.-related ships calling at ports in China. The Chinese Ministry of Transport said Oct. 10 that it would impose new “Special Port Fees” on ships ... [+]

UNCTAD’s Rebeca Grynspan – Maritime Transport Enters Uncharted Waters

By Rebeca Grynspan Following is the foreword for the Review of Maritime Transport 2025, written by Grynspan, secretary general of the United Nations Conference on Trade and Development (UNCTAD). Not since the Suez Canal’s closure in 1967 has the industry witnessed such sustained disruption to the arteries ... [+]

US Threatens IMO Countries Voting for Net Zero

The U.S. State Department said it plans to penalize countries that approve and participate in the International Maritime Organization (IMO)’s plan to decarbonize shipping through a carbon fee. The IMO assembled on Oct. 14 to discuss and potentially vote on its Net Zero Framework, or NZF, ... [+]

Trump, EU Trade Agree on 15% Rate on Autos

President Donald Trump formally implemented its U.S. trade agreement with the European Union on Sept. 24, confirming that a 15 percent duty rate for EU autos and auto parts began on Aug. 1 and listing tariff exemptions for generic pharmaceuticals, aircraft and aircraft parts. The Commerce ... [+]

CMA-CGM Order Shows India Commitment

Container shipping giant CMA CGM Group said it has ordered six advanced liquefied natural gas-powered containerships to be built at Cochin Shipyard Ltd. (CSL) India, the country’s leading shipyard, making the group the first major foreign carrier to commission LNG vessels from an Indian shipyard. All ... [+]

China Counters with Port Fees on US Ships

China's transport ministry said U.S.-owned, operated, flagged and built vessels are to be assessed additional port fees per voyage starting on Oct. 14, Reuters reported. The port fees are a countermeasure against upcoming U.S. port fees on Chinese ships, the ministry said. The move follows U.S. President ... [+]

Trailer Bridge Sells Logistics Unit to ATS

Trailer Bridge Inc. said Oct. 8 it has agreed to sell its logistics division – responsible for the company's domestic brokerage and intermodal moves – to ATS Logistics Services Inc. (ATSL), effective Nov. 1. Trailer Bridge leadership said it is “a strategic decision by to realign ... [+]

Port NOLA, La. DOT Partner on LIT

The Port of New Orleans, or Port NOLA, and the Louisiana Department of Transportation and Development signed a cooperative endeavor agreement to advance the planning and development of the St. Bernard Transportation Corridor, a vital roadway project that will directly connect the future Louisiana International ... [+]

Port Freeport Adds Cranes to Velasco

Port Freeport took delivery of two super-post-Panamax, ship-to-shore gantry cranes on Sept. 22 at the port's Velasco Container Terminal. Transported fully erected about the heavy-lift vessel Zhen Hua 29, the cranes were carefully offloaded and secured to the docks. Following installation and testing this fall, the ... [+]

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