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  • 2022 December 7 11:58

    Dynamar forecasts that perishable export volumes to fall slightly in 2022

    Dynamar has announced the release of the latest edition of its Reefer Analysis. After struggling for many years and after a relatively prosperous 2021, in 2022, container carriers and conventional reefer operators hit the jackpot.

    From a cargo perspective overall perishables trade volumes across the major commodity groups, namely Dairy, Fishery Products, Fruit, Meat and Vegetables, rose to a new high of 173.9 million tons in 2021, showing a strong growth of 3.6% year-on-year from 167.9 million tons in 2020. Volumes grew across all the commodity groups, with meat and vegetables both performing well, rising from 32.2 million tons and 39.3 million tons to 34.2 million tons and 42.18 million tons respectively. In regional terms, there was significant variety with perishables exports falling in the Far East and Central America, while growing strongly in Europe and Africa.

    In the first three quarters of 2022, container trade reduced by almost 2.5%, with recent months showing higher declines than those at the start of the year. On the supply side, it is the end of congestion, in combination with lower demand, that causes the shortage of ships to dwindle. Where at the peak some 12% of vessel capacity was caught in congestion, in November 2022, the laid-up fleet was approaching 500,000 TEU, which is four times as high as in the first two months of that year.

    Looking forward, the seaborne trade of perishable products will face challenges. But the longer-term trend is expected to remain in place. Dynamar forecasts that perishable export volumes will fall slightly in 2022 before rebounding again in 2023. On the shipping side, while for 2023, shipyards are expected to deliver 330 ships with a massive 2.3 million TEU capacity and for 2024, 390 ships with space for 3.0 million TEU are in the pipeline. Slippage or cancellation of orders is likely to reduce the actual deliveries, but still at 20% of the current fleet, the influx of new tonnage is set to severely disrupt the container shipping market.

    Up to some extent, the saviour may come from an unexpected side, the Carbon Intensity Indicator (CII) regulation, imposed by the International Maritime Organization, which enters into force in January 2023. Conventional reefer ships will be even more affected by the new CII regulation. Generally, they are old and fuel hungry and many of them will be forced to sail at lower speeds than the market requires. Their competitive advantage of being able to provide faster transit times with their direct sailings than containership operators with their liner services and hub and spoke format will be lost. Already, demolition is at a relatively high level, and it is likely to rise even further.

2023 February 1

17:31 Ports of Stockholm cargo volumes decrease from 9.1 to 8.9 million in 2022
17:16 I/B Arktika escorted LNG tanker Eduard Toll along the Northern Sea Route
16:57 Port Saint John recieves two new post-Panamax cranes to the container terminal
16:10 Zero VAT rate to be set for ship repair yards investing in production development
15:44 DSME contracts TMC for BW LNG’s carriers
15:24 The Drewry Global Port Throughput Index up by 0.8% in December, but 1.6% lower year-on-year
15:04 KSOE wins 2.53 tln-won order for 12 methanol-fueled container ships - Yonhap
14:47 Aleksandr Masko appointed as General Director of Port One JSC and Transportation Assets Management LLC
14:32 KENC receives contract for design and build of lifting frame for US offshore wind projects
14:08 POSCO International breaks ground for 2nd LNG Terminal in Gwangyang, Korea - BusinessKorea
13:55 Nuclear-powered container carrier Sevmorput to make two round voyages between Saint-Petersburg and the Far East in 2023
13:21 Russia boosts LNG exports to Europe by 20% in 2022 – Refinitiv
13:02 Port of Los Angeles releases draft request for proposals on cruise terminal development
13:00 Russian Railways' network loading in January 2022 fell by 4.8% YoY to 99.2 million tonnes
12:41 Ningbo Containerized Freight Index decline in January 2023
12:13 Long-term ocean freight rates drop by 13.3% in January - Xeneta
11:58 Ministry for the Development of the Russian Far East and Arctic calls on facilitation of border crossing for RF-flagged cruise ships
11:42 PALFINGER awarded a contract by KNRM for twelve custom-built Rigid-Hulled Inflatable Boats
11:17 New Norwegian consortium plans develop a complete hydrogen value chain for Northern Xplorer AS first zero-emission cruise ship
10:49 7 berths to be repaired in the port of Makhachkala by the end of Q2’2023
10:41 Equinor leaves the Barents Blue project as agreement period ends
10:09 OSM is the first Greek ship owner and manager to partner with the Global Centre for Maritime Decarbonisation
09:31 MAN Energy Solutions signs MoU with SH Defence
09:17 FESCO dispatches a batch of electric cars from China to Russia for the first time
09:05 Capacity to increase on the main trade routes in 8 weeks post-Chinese New Year - Sea-Intelligence
08:06 SITC announces the delivery for M/V “SITC ANHE”

2023 January 31

18:02 NSSLGlobal wins coveted UK Ministry of Defence contract
17:28 Marubeni implements the first large-scale offshore wind power project in Japan at Akita Port and Noshiro Port
17:22 Total throughput of Chinese sea and river ports in 2022 climbed by 0.9% YoY
17:16 World’s oldest cruise ship sold for recycling - TradeWinds
17:10 King Abdullah Port registers 3.25% in container, 143% in break bulk and 108% in agri bulk in 2022
16:57 AMSA releases compliance strategy for next four years
16:31 January 2023 sees record-breaking fall in long-term container rates for ocean freight
16:25 Two sister vessels to join MISC’s eco-efficient LNG carrier fleet
15:24 WinGD and CMB.TECH co-develop large ammonia-fuelled engines
15:06 First cargo ship handled at Lugaport terminal in the port of Ust-Luga
14:45 Titan to retrofit two LNG carriers for bunkering in Europe - Ship & Bunker
14:13 Hapag-Lloyd revenues up to USD 36.4 billion in 2022
13:40 Oboronlogistics’ Sparta IV completed yet another voyage to the port of Tartus
13:24 Incident at the Pacific Entrance of the Panama Canal is under control
12:38 Economic efficiency of technologies for repair of hydraulic engineering facilities to be covered at dedicated event
12:15 Port of Valencia traffic decreased in all sectors in 2022
11:45 European Commission proposes $45/bl price cap for Russian fuel oil
11:42 Saint-Petersburg Governor signs law on ‘tax cash back’ for stevedoring companies
11:20 Four new Pacific International Lines container ships to benefit from integration of Wartsila solutions
11:05 IMO agrees draft revised Guidelines for the reduction of underwater noise from commercial shipping
10:54 ABS approves Bassoe Technology’s D-Floater floating wind foundation design for world’s largest turbines
10:34 Parliament vote positive step towards competitive ship finance in Europe - ECSA
10:14 NYK and Ghelia form business and capital alliance
09:59 Sevmash performs maintenance service of fourth-generation submarines
09:26 RF Government approves procedure for implementation of presidential order on measures in response to oil price cap

2023 January 30

18:37 Shell announces Executive Committee and Directorate changes
18:07 Biden-Harris administration announces more than $380 mln in grants to modernize ferry services
17:53 Port of Aberdeen welcomes Minister for Industry and Investment Security Nusrat Ghani
17:42 Boskalis acquires EUR 120 million contract for development and climate adaptive measures for Gulhifalhu in the Maldives
17:31 Euronav filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement
17:21 First Australian coal cargoes since end of ban to enter China in Feb - Reuters
17:08 Cemre Shipyard chooses NES for twin hull SOVs
16:47 ArcelorMittal Belgium and North Sea Port are to build the North-C Circular industrial estate on ArcelorMittal's Ghent site
16:29 Keppel O&M and Sembmarine merger transaction get SGX approval