Wärtsilä launches radical two-stroke derating solution
HELSINKI : Wärtsilä has launched a new solution to allow two-stroke engines to meet tightening emissions regulations into the future. The radical derating solution dubbed Wärtsilä Fit4Power will enable a reduction of engine bore
Shipping, allied industries battle choppy waters as margins sink
MUMBAI : Shipping and allied industries are bracing for a rough patch with depleting margins as freight rates are falling to pre-Covid levels or even lower in certain cases with containers accumulating at Indian
Freight rates for Indian exports continue to cool ahead of carriers’ GRI attempts for US services
MUMBAI : Container carriers serving Indian trades are seeing no letup in the erosion of export freight rates amid a slowdown in cargo volumes, according to the latest market analysis. On the westbound India-Europe
China remains most important partner for German seaports in container traffic
BEIJING : China remained the “most important partner” for German seaports in container traffic in 2022, accounting for more than one-fifth of the country’s container throughput, the Federal Statistical Office (Destatis) said it recently.
Iran, Venezuela launch direct shipping line to further boost bilateral trade
TEHRAN : A direct shipping line connecting Iran to Venezuela was launched last month by with the goal of supporting the trade ties between the economic sectors of the two countries. The diplomatic mission
Container lines’ schedule reliability dips slightly at start of 2023
COPENHAGEN : Sea-Intelligence reported that while schedule reliability continued to increase for much of 2022, in January 2023 there has been a month-to-month decline of 3.8%, reaching to 52.6%. Despite this decrease, schedule reliability
Spot rates for Shanghai container exports fall on all routes
SHANGHAI : Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments. According to the Shanghai Shipping Exchange, the Shanghai Containerized Freight Index (SCFI),
Vast tidal wave of new container ships about to strike
FRANCE : Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month, surge much higher in the second