Hamburger Hafen und Logistik AG (HHLA) and COSCO SHIPPING Ports Limited (CSPL) are negotiating the purchase of a minority shareholding by CSPL in HHLA Container Terminal Tollerort GmbH (CTT), a wholly-owned subsidiary of HHLA. CTT operates Container Terminal Tollerort, the smallest facility of the three HHLA container terminals in the Port of Hamburg, and is […]
TT Club has highlighted the need of addressing the issues of mishandling dangerous cargo, which in several cases leads to container ship fires, with the most recent and indicative example of X-Press Pearl, which is now sinking off Colombo after being on blazes for more than two weeks. The UK-based insurance company again urges all […]
Søren Skou, CEO of AP Moller – Maersk, has proposed a carbon tax on ship fuel of at least US$450 per tonne of fuel, which translates to around US$150 per tonne of CO2. The boss of the Danish giant described it as “a levy to bridge the gap between the fossil fuels consumed by vessels […]
It is well known for any cargo owner or freight forwarding company that having data to monitor the supply chain is key to any type of operation. For some companies the persistent challenge is to connect the end-to-end information, for others who have completed the puzzle, the challenge becomes knowing if they have enough data […]
Maersk Line has announced it will stop all its calls to the Port of Chornomorks in Ukraine from the 33rd week of the year. However, the Danish shipping carrier has confirmed it will continue to transport cargo to Ukraine via the Port of Pivdennyi, docking in DP World TIS Container Terminal. The last call of […]
The Los Angeles Board of Harbor Commissioners has approved a US$1.7 billion Fiscal Year (FY) 2021/22 annual budget for the Port of Los Angeles. The approval comes on the heels of record cargo volumes during FY 2020/21 and a few days after Long Beach Harbor Commission gave the green light to the budget of the […]
The shipping lines continue to change their schedules in order to face the ongoing congestion at the Yantian International Container Terminal (YICT) of the Port of Shenzhen, China, where the yard density remains high. MSC announced it will be omitting a number of calls at the Yantian port so as to minimise the impact on […]
The Singaporean-flagged vessel X-Press Pearl is sinking off the coast of Sri Lanka after two weeks of salvors’ attempts to put out the fire and prevent the vessel from breaking up and sinking. “Although the salvors have tried and exhausted all means, the operation had to be temporality aborted for safety reasons,” confirmed Sri Lanka […]
2M Alliance of Maersk and MSC has decided to replace the call at the Port of Hamburg with the Port of Bremerhaven on its AE7/Condor service due to the severe congestion issue in Hamburg Eurogate Terminal, which is impacting schedule reliability and causing delays to shipments. The change will take effect immediately and will last for […]
According to the United Nations (UN), the agreement reached by 196 nations at COP21 on 12 December 2015, which entered into force nearly a year later on 4 November 2016, is a legally binding international treaty on climate change. Also known as the Paris Agreement, COP21 established the goal of limiting global greenhouse gas (GHG) […]