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DOUBLED SINCE LOW POINT IN 2020 – The prices of newbuild ships have reached the highest level since 2008, reports the international interest group of shipping companies Bimco. In fact, they have doubled since the 2020 low.
DOUBLED SINCE LOW POINT IN 2020 – The prices of newbuild ships have reached the highest level since 2008, reports the international interest group of shipping companies Bimco. In fact, they have doubled since the 2020 low.
MELBOURNE, SYDNEY, BRISBANE AND FREMANTLE
Major ports that handle 40 percent of Australia’s freight trade have reopened after a cyber attack. Last Friday’s hack on DP World, one of the world’s largest port operators, led to the suspension of operations at the eastern ports of Melbourne, Sydney and Brisbane and Fremantle in the west.
Houthis report new attacks on ships in Red Sea
The Houthi rebels in Yemen report that they have targeted two ships in the Red Sea. A spokesman for the rebels stated on television that the ships ‘Star Nasia’ and ‘Morning Tide’ had been attacked.
Houthis report new attacks on ships in Red Sea
The Houthi rebels in Yemen report that they have targeted two ships in the Red Sea. A spokesman for the rebels stated on television that the ships ‘Star Nasia’ and ‘Morning Tide’ had been attacked.
MELBOURNE, SYDNEY, BRISBANE AND FREMANTLE
Major ports that handle 40 percent of Australia’s freight trade have reopened after a cyber attack. Last Friday’s hack on DP World, one of the world’s largest port operators, led to the suspension of operations at the eastern ports of Melbourne, Sydney and Brisbane and Fremantle in the west.
MELBOURNE, SYDNEY, BRISBANE AND FREMANTLE
Major ports that handle 40 percent of Australia’s freight trade have reopened after a cyber attack. Last Friday’s hack on DP World, one of the world’s largest port operators, led to the suspension of operations at the eastern ports of Melbourne, Sydney and Brisbane and Fremantle in the west.
SHANGHAI-ROTTERDAM NOW 1299 DOLLARS
The spot rates in container liner shipping are now completely back to square one; the price increases that the container shipping companies managed to enforce in the middle of the summer have completely evaporated. According to British consultant Drewry, the average rate on the Shanghai-Rotterdam route fell by 10% last week to $1,299 per forty-foot container. It means a new low record for this year. The previous low was at the end of June: $1313.
The spot rates in container liner shipping are now completely back to square one; the price increases that the container shipping companies managed to enforce in the middle of the summer have completely evaporated. According to British consultant Drewry, the average rate on the Shanghai-Rotterdam route fell by 10% last week to $1,299 per forty-foot container. It means a new low record for this year. The previous low was at the end of June: $1313.
‘SUBSTANTIAL’ DISCOUNT ON SEAPORT FEES
The Port of Rotterdam Authority (PoR) will give a ‘substantial’ discount on sea port dues to container ships that bunker sustainable fuels in Rotterdam. The port manager thus supports the so-called Zemba initiative. This is a combination of major shippers including Amazon, Electrolux and Philips for the joint purchase of emission-free transport. Last month, this Zero Emission Maritime Buyers Alliance requested offers for zero-emission maritime transport of 600,000 teu in three years.
‘SUBSTANTIAL’ DISCOUNT ON SEAPORT FEES
The Port of Rotterdam Authority (PoR) will give a ‘substantial’ discount on sea port dues to container ships that bunker sustainable fuels in Rotterdam. The port manager thus supports the so-called Zemba initiative. This is a combination of major shippers including Amazon, Electrolux and Philips for the joint purchase of emission-free transport. Last month, this Zero Emission Maritime Buyers Alliance requested offers for zero-emission maritime transport of 600,000 teu in three years.
SHANGHAI-ROTTERDAM NOW 1299 DOLLARS
The spot rates in container liner shipping are now completely back to square one; the price increases that the container shipping companies managed to enforce in the middle of the summer have completely evaporated. According to British consultant Drewry, the average rate on the Shanghai-Rotterdam route fell by 10% last week to $1,299 per forty-foot container. It means a new low record for this year. The previous low was at the end of June: $1313.
The spot rates in container liner shipping are now completely back to square one; the price increases that the container shipping companies managed to enforce in the middle of the summer have completely evaporated. According to British consultant Drewry, the average rate on the Shanghai-Rotterdam route fell by 10% last week to $1,299 per forty-foot container. It means a new low record for this year. The previous low was at the end of June: $1313.
INFRASTRUCTURE
The Port of Rotterdam Authority and tank storage company Vopak have been selected to participate in the tender for the construction and financing of a hydrogen project in South Africa. Sources report this to the Bloomberg news agency. It would be a deal of 2.8 billion rand, the equivalent of more than 143 million euros, for the construction of a port and necessary infrastructure.
INFRASTRUCTURE
The Port of Rotterdam Authority and tank storage company Vopak have been selected to participate in the tender for the construction and financing of a hydrogen project in South Africa. Sources report this to the Bloomberg news agency. It would be a deal of 2.8 billion rand, the equivalent of more than 143 million euros, for the construction of a port and necessary infrastructure.
The Board of Directors of the Port of Brussels has awarded Van Moer Logistics a service concession for the expansion and operation of the container terminal in the outer port, as well as for the development of a logistics zone on a site on the back quay, for a period of twenty years.
The Board of Directors of the Port of Brussels has awarded Van Moer Logistics a service concession for the expansion and operation of the container terminal in the outer port, as well as for the development of a logistics zone on a site on the back quay, for a period of twenty years.
Maersk has announced that it will charge a higher spot rate for container cargo between Asia and six destinations in Northern Europe, including Rotterdam, for the remainder of this year. The Danish container shipping company states that this is necessary to continue to provide shippers with “a broad portfolio of high-quality services”.
Maersk has announced that it will charge a higher spot rate for container cargo between Asia and six destinations in Northern Europe, including Rotterdam, for the remainder of this year. The Danish container shipping company states that this is necessary to continue to provide shippers with “a broad portfolio of high-quality services”.
Due to the massive delivery of new ships, the supply of the container fleet will grow by 20% until the end of next year, without any significant growth in demand.This is stated by the research department of Danish Ship Finance in its latest semi-annual report on the outlook for the global shipping market. That analysis comes at a time when container rates have already fallen by 80% since peaking in September 2021 and shipping companies are starting to look for ways to cut costs.
Due to the massive delivery of new ships, the supply of the container fleet will grow by 20% until the end of next year, without any significant growth in demand.
“SMART CONTAINERS”
The Japanese container shipping company ONE has contracted electronics company Sony to develop a ‘smart container’ solution that will be used throughout the company’s entire fleet. The two companies have not yet set a date, but say they are “excited” that they will “shape the future of container shipping” together.
The Groningen shipping company ForestWave has taken over Symphony Shipping, a colleague from Breda in the project cargo business. With the acquisition, ForestWave will have access to Symphony’s eight ‘Ecobox’ freighters, vessels that are able to transport extra-long objects, such as the blades of wind turbines. The takeover brings the fleet of the Groningen shipping company to 21 ships. Three more newly ordered Ecobox vessels will be added in the near future: one is expected to be delivered in June, the other two will arrive in 2024 or 2025.
EXTENSION
DP World has initiated construction of its planned fourth berth for its London Gateway terminal. With the construction of the new berth, the capacity will grow by about a third.