2022 December 2
Retrofitting ships and digital optimisation can cut carbon emissions by 20% today
...by adopting wind power together with other existing retrofit technologies, that figure could be increased to around 20%...
2022 November 29
Warning of container shipping rate war ahead
Container shipping could be headed into a prolonged rate war as cash rich carriers battle falling demand and a sharp increase in supply...
2022 November 25
Asia – Europe container spot rate plunge continues
Containers spot freight rates on the Asia – Europe trade have continued to crumble over the last week...
Chinese yard newbuildings orders down 40% in first 10 months
Newbuilding orders at Chinese yards are down nearly 40% year-on-year to the end of October, and output from existing orders has also declined...
Tunisia to South Korea: A new trade route for Russian naphtha
South Korea has started importing naphtha from Tunisia, which in turn has seen a jump in supplies from Russia...
Is this the death of EDI?
APM Terminals currently offers API data feeds for Container Tracking, Truck Appointments, and Vessel Schedules...
Container lines ‘fighting a losing battle’ in 2023
A million teu of container line capacity may lay idle in 2023 as demand drops, freight rates fall, and economic confidence worsens...
2022 November 24
Ports in China play big role in boosting recovery
Eight out of the world’s top 10 ports in terms of cargo throughput are Chinese, and seven of the 10 biggest container ports worldwide are in China...
Korea identifies potential targets to acquire HMM in privatization
Korea has quietly begun exploring the steps to privatize the country’s largest shipping company HMM...
2022 November 23
Lacklustre COP27 climate talks spark hope for ambitious IMO emission targets revision
Maritime representatives at the COP27 climate talks in Egypt emerged upbeat that shipping’s decarbonisation targets can be brought in line with wider global efforts...
Russia Launches New Nuclear Icebreaker as it Looks East for Northern Sea Route Shipping
In a well-orchestrated ceremony, Russia raised the flag on the newly completed nuclear icebreaker Ural while launching the completed hull of the sister ship Yakutia into the water nearby...
China continues to gain significant shares in global ports
Cosco Shipping Ports Limited is a leading ports operator which aims to build a global terminal network with controlling stake...
2022 December 1
A new shipyard for construction of large vessels on Kotlin island (where the city of Kronstadt is located) planned by Rosatom according to its announcement in summer 2022 may get one of the first orders from PAO Far Eastern Shipping Company. The parties are discussing the possibility of building 16 universal dry cargo container ships and 8 tugs. As far as IAA PortNews knows, the facility will first work as a distributed shipyard of Baltiysky Zavod which can also be partially controlled by Rosatom
Shipbuilding portfolio is being formed for Kotlin shipyard