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Shipping Jun, 10, 2024 0

Brazil to allocate BRL 12 mi for maritime planning in Southeast

The National Bank for Economic and Social Development (BNDES) will invest BRL 12 million in studies focused on the marine, coastal, and oceanic environments of the states of Espírito Santo,…
Shipping Jun, 07, 2024 0

Russia and China to form Arctic liner

Russia is pressing ahead in a project with the Chinese to make all-year container shipping voyages along the Northern Sea Route (NSR) possible. Rosatom, which oversees the NSR, and China’s…
Shipping Jun, 07, 2024 0

Containers rolled as spot rates climb to dizzying heights

Container rates continue to soar with shippers increasingly anxious about cargoes being rolled. The Shanghai Containerized Freight Index (SCFI), out today, was up by another 140 points to 3184.87, its…
MSC
Shipping Jun, 06, 2024 0

MSC Launches Carioca: New Standalone Service Connecting Asia to South America East Coast

MSC recently announced the launch of its new weekly service – Carioca – connecting Asia and South America East Coast. It will provide additional coverage as well as increasing connectivity…
Shipping Jun, 06, 2024 0

Logistics firm CMA CGM applies port congestion surcharge in Brazil

Logistics firm CMA CGM said it would apply a $150 surcharge per outgoing container from Brazil’s port of Paranagua starting on July 1, according to a statement published on Tuesday…
Shipping Jun, 05, 2024 0

COSCO switches 16,000 TEU quartet to run on methanol

COSCO Shipping Lines has announced that it will switch four 16,000 TEU newbuildings to be dually fuelled with methanol, from conventional fuel. The company said this is in line with…
Shipping Jun, 05, 2024 0

Lloyd’s Register and GSI to jointly develop world’s largest ammonia carrier

Classification society Lloyd’s Register and Guangzhou Shipyard International (GSI) have signed a joint development project for the design of the world’s largest very large ammonia carrier (VLAC) at the Posidonia…
Ports and Terminals Jun, 05, 2024 0

Future Uncertain for Ship Abandoned Over Three Years at Port of Santos

The future of the Panama-flagged ship Srakane remains uncertain. The vessel, sitting idle since October 2020 in Baixada Santista, is moored near the Wilson Sons shipyard on the Left Bank…
Shipping Jun, 04, 2024 0

Peru’s New Maritime Cabotage Law Expected to Boost Economy and Foreign Trade

The Peruvian Congress has approved a new Maritime Cabotage Law, which is anticipated to positively impact the national economy and enhance Peru’s foreign trade. The law, approved with 72 votes…
Shipping Jun, 03, 2024 0

Shipping rates spike as businesses expect more Red Sea attacks

The cost of international shipping has shot up as businesses prepare to ship goods for the festive season far earlier than usual, in a sign of the far-reaching effects of…