Maersk extends Red Sea transit pause
Maersk announced it will extend a 48 hour pause to transits through the Red Sea and Gulf of Aden until further notice following the attack on one of its ships over the weekend. Gary Howard | Jan 02, 2024 “An investigation into the incident is ongoing and we will continue to pause all cargo movement through […]
Porto Itapoá will be the first port in Brazil to include carbon credits in its operations
Projects and initiatives reinforce the terminal’s leadership in environmental issues, collecting awards and certifications in the field Porto Itapoá will be the first port in Brazil to include carbon credits in its operations Porto Itapoá has stood out in the business scene, showcasing its commitment to energy transition. An important initiative launched by the company […]
A Golden Age Is Emerging for Green Energy
As digital technology becomes ever more complex and widespread, it draws a lot of power. Fortunately, new technologies are making clean electricity production cheaper than ever before. Renewable energy, batteries and multi-directional grids will be the future of energy. BY STEVE WESTLY JANUARY 01, 2024 We live in a world of search engines, video games and e-commerce. Every […]
New Technologies and Responsible Management Can Solve California’s Water Crisis
JANUARY 02, 2024 Despite historic rainfalls last winter, California could be back into drought conditions before we know it. If we are not careful, we could end up like South Africa. In 2018, Cape Town’s reservoirs were dangerously low. Although authorities severely limited water usage, the city barely avoided “Day Zero.” This would have meant […]
Shipping starts shelling out for EU Allowances
Shipping starts shelling out for EU Allowances January 2, 2024 Piet Sinke / Maasmond Maritime The largest regional green regulations in the history of shipping came into effect yesterday with the industry included in the European Union’s emissions trading system ( EUETS), a market-based measure that sets a cap on allowed emissions. From yesterday, vessels […]
Maersk Broker to rebrand as MB Shipbrokers in management buyout.
January 1, 2024 Maersk Broker has completed a management and employee buyout from its long-standing owners, the Mc-Kinney Møller family. The Copenhagen-based ship brokerage, established in 1914, will continue to operate under its new name, MB Shipbrokers. “The change of ownership is based on a common ambition of the seller and the buyer to preserve […]
Shipping lines shrink bunker surcharges as marine fuel prices correct
Mainline operators are cutting bunker surcharges in view of the sharp decline in marine fuel prices over the past six months, according to Alphaliner’s latest report, released on 14 June. Although bunker expenses were highlighted by some carriers as a cost factor in 2023 first quarter results, marine fuel prices have been on a steady […]
MSC Could Face FMC Civil Penalty Over Tariff’s Congestion Surcharge
The Federal Maritime Commission is continuing to move aggressively against what it sees as unreasonable charges and business practices of the major carriers. In a filing dated last week, the Office of Enforcement is recommending that the commission review the tariffs of Mediterranean Shipping Company (MSC) for a possible civil penalty related to its insistence […]
Import Volumes Climbing at US Ports but Projected Below Pandemic Peaks
Import cargo volume at the U.S.’s major container ports is expected to start a steady climb lasting into the summer of 2023 but will remain below record-setting levels seen during most of the pandemic, according to the Global Port Tracker report released today by the National Retail Federation. The retail trade association believes that container […]
China’s Overseas Ports Acquisition Program
China is a powerhouse in global trade. Its rapid growth has been significantly fuelled by decades of rising exports, bringing new emphasis to the role ports play in trade and strategic relations. As the main arteries of global trade, economic entry points, and nodes of geostrategic power projection, ports are key to global and regional […]