Top News Archives - Page 239 of 272

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UK port congestion leads to additional surcharges

Antonis Karamalegkos - November 20, 2020 0

The heavy congestion in London Gateway, and in most ports of the United Kingdom, has forced several shipping lines to implement congestion surcharges and...

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Breakdown in trust leaves shippers outraged at vessel operators

n.savvides - November 19, 2020 0

Beneficial cargo owners believe that there has been an erosion of trust between service provider and customer that has left shippers shocked and angered...

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Alleged US demurrage abuses could lead to legal action

n.savvides - November 18, 2020 0

Shippers, truckers, and freight forwarders reeling from almost US$150 million in demurrage fees linked to congestion in the ports of Los Angeles/Long Beach and...

News

Covid strategy pays dividends for Maersk with strong Q3

Antonis Karamalegkos - November 18, 2020 0

The Ocean division has boosted Maersk's third-quarter results, showing remarkable growth in earnings of 39% on contracting revenues as the company's strategy of managing...

News

Divided IMO approves short-term measures

n.savvides - November 17, 2020 0

Delegates at the International Maritime Organization (IMO) meeting online this week have approved short-term measures to reduce carbon from existing ships, however, the meeting...

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Updated: PIL defaults on bond payments

n.savvides - November 17, 2020 0

Pacific International Lines is unable to make good on the principal and interest due to holders of an SG$60 million (US$43.8 million) bond issue...

Industry Opinions

The EU takes the lead on maritime emissions reduction

n.savvides - November 14, 2020 0

The Marine Environment Protection Committee (MEPC) meets next week to debate the latest provisions for the decarbonisation of shipping, MEP Jutta Paulus explains why...

News

Mounting debt could see PIL liquidation

n.savvides - November 13, 2020 0

Pacific International Lines (PIL) faces liquidation as a mounting debt burden, dwarfing the value of its assets, drags the company further into the mire. Management...

News

Seoul demands carriers tackle rising freight costs

n.savvides - November 13, 2020 0

Carriers offer shippers extra loaders as the South Korean government pressures carriers to reduce soaring rates and improve services HMM, the country’s largest carrier, had...

Industry Opinions

UNCTAD relegates climate change in global trade report

n.savvides - November 12, 2020 0

The United Nations Conference on Trade and Development (UNCTAD) believes that the Covid-19 pandemic has exposed the fault lines in global supply chains and...

News

Shippers allege lines are refusing to carry US export cargo

n.savvides - November 11, 2020 0

The Federal Maritime Commission (FMC) says it has received a number of allegations regarding the failure of container ship operators to pick up full...

News

Sinokor gets nearly US$180m in loans from policy lenders

n.savvides - November 11, 2020 0

South Korean financial institutions have put up a loan package of nearly KRW200 billion (US$179 million) for Sinokor Merchant Marine, the country’s second largest...

Top News

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