Container sector is so hot that ships rent for $200,000/day
You can buy a brand-new Ferrari starting at $250,000. To rent a 12-year-old container ship for a mere three months, it could cost you a lot more than that: as much as 68 new
Cargo rate freeze won’t solve shipping strains
BEIJING : Recent moves made by international shipping companies’ to freeze cargo rates will do little to ease strained shipping capacity and improve logistics efficiency, Chinese traders said, as a wider range of Chinese
Carrying containers on a bulker – what the experts say
SHANGHAI : It is not though quite as simple as stacking containers on a bulk carrier in return for a hefty freight or charter rate and hoping they don’t fall off. However, it is
Cash-rich container lines look to squeeze out feeder operators
LONDON : Ocean carriers are squeezing their feeder service providers from both sides: firstly by refusing to entertain contract rate increases, and secondly by turning the heads of shipowners with offers of employment for
Global shipping is earning the most money since 2008 as pandemic pain wanes
MUMBAI : The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices
Durban’s ship repair skills praised after 96.5 tonnes of steel used to fix Indian vessel
DURBAN : The ship repair skills and ingenuity of the Durban based Sandock Austral Shipyards (SAS) were put to its full test when the team undertook the repair of the bow of the Bulk
No capping of shipping rates: Govt
NEW DELHI : The government ruled out capping of freight rates, which have shot up, but made it clear that shipping lines needed to be transparent in their pricing as the Competition Commission could
ClassNK Publishes Guidelines for Ships Using Alternative Fuels
Classification society ClassNK announced on Friday it has released “Guidelines for Ships Using Alternative Fuels”, updated with safety requirements for ships using ammonia as fuel on previously issued “Guidelines for Ships Using Low-Flashpoint Fuels”