Drewry’s Container Annual Review & Forecast 2014/15 emphasises that the recovery of the container industry, when that happens – possibly by late 2016 or 2017 – is to be based around the formation of the new mega alliances and the continued reduction of unit costs, rather than the matching of supply
Maersk held ‘The Future of Global Trade’ symposium at its headquarters in Copenhagen on Tuesday, October 7, 2014. Simon Baptist, Chief Economist and Asia Regional Director at The Economist addressed the state of the global economy, regional powerhouses, stagnating markets as well as future drivers o
In a world swamped by software solutions providing various types of information and data it has become difficult to choose those tools that extract the data we actually need. Ships have been integrating these high-tech solutions at an ever growing pace, becoming more automated and reliant on technol
Accessing two previously untapped streams of satellite data, scientists at Scripps Institution of Oceanography at UC San Diego and their colleagues have created a new map of the world’s seafloor, creating a much more vivid picture of the structures that make up the deepest, least-explored parts of t
Total annual operating costs in the shipping industry fell by an average of 0.3 per cent in 2013, according to the press release issued by the international accountant and shipping consultant company Moore Stephens. This compares with the 1.8 per cent average fall in costs recorded for 2012. Crew co
The latest INTTRA Technology Outlook survey which tries to identify the top technology priorities and challenges on the minds of international logistics and shipping industry professionals around the world has shown that the industry’s top priority is “improving supply chain visibility capabilities
The 2M alliance between the shipping heavyweights, Denmark’s Maersk Line and Swiss Mediterranean Shipping Company is currently under scrutiny of the U.S.A. and China regulators. The companies are trying to appear confident in the approval of the alliance, saying that the U.S. Federal Maritime Commis
The U.S. Navy’s Arleigh Burke-class guided-missile destroyer USS Truxtun (DDG 103) conducts a replenishment-at-sea in the Arabian Gulf with the Military Sealift Command fleet replenishment oiler USNS Tippecanoe. Truxtun is deployed as part of the George H.W. Bush Carrier Strike Group supporting mari
Israeli-owned containership Zim Shanghai has unloaded its cargo at the Port of Long Beach in Los Angeles, having been reverted from the Port of Oakland by pro-Palestinian protesters. The unloaded Oakland cargo in Los Angeles will most likely be trucked back up to Oakland causing additional costs to
John Hinge, President and CEO of United Arab Shipping Co. (UASC) believes shipping alliances will help the box markets on what he called ”a slow journey to recovery,” stabilising the freight rates along the way, the Wall Street Journal reports. UASC President has projected a bright outlook for major
SOHAR Port and Freezone Executive Commercial Manager Edwin Lammers called on world leaders within the global shipping industry to join forces in their search for innovative testing methods, quality control, fuel efficiency, and risk management practices ahead of new International Maritime Organisati
Members of the Maritime Union Australia employed by DP World terminals in Sydney and Melbourne announced their plans to stop work this week. Four-hour work stoppages are expected from 10.00am Wednesday October 1 until 2.00pm, 6.00pm until 10.00pm and 2.00am until 6.00am on Thursday October 2 at Sydn
Chinese government is set to ease restrictions on foreign investments in a number of industries, including the shipping sector, in Shanghai’s free-trade zone, The South China Morning Post reports. Earlier this month China’s Premier Li Keqiang’s said that market forces ”would be allowed to play a dom
The IMO’s Facilitation Committee (FAL) has issued a request for all the IMO member States to accept the use of electronic certificates, paving the way for less paperwork, nuisance and delays for the shipping industry, the Danish Maritime Authority (DMA) reports. In the future, it must be easier to u
