Port of New York moves ahead with new threshold for empty container fee on ocean carriers

The Port of New York and New Jersey is moving ahead with new shipping container requirements for ocean carriers and fees for violations. The container late fee, which was originally to be implemented on Sept. 1, was delayed to allow for talks with ocean carriers about their ...

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Spot rates still tumbling, but carriers can still make good money

Container spot rates from China to Europe and the US tanked again this week, leading to heavy discounting by carriers and prompting some to offer significant mid-term reductions to contract ...

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Global gas scramble intensifies after Europe pipeline blasts

The currently out-of-action Nord Stream pipeline system was damaged, with Germany saying it suspected it was an act of sabotage. It came as Russia also threatened to cut off gas to Europe via a major link through Ukraine, which would be a sharp escalation in the conflict between Moscow and the ...

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Weaker Demand for Goods From Asia Marks End of Shipping Bonanza

The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the ...

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China shipbuilding sector continues to top world market

China remained the world’s leading shipbuilder in the first eight months of the year, industrial data ...

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Hundreds of seafarers still stuck in Ukraine despite grains corridor

Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on ...

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Domestic cement consumption expected to rise as exports fall

Hanoi (VNS/VNA) - The cement production industry expects to promote domestic consumption because it is finding difficult to boost ...

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Hapag Lloyd spending big money on fleet, eyes port invest

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge in the post-COVID 19 world economy, chief executive Rolf Habben Jansen told ...

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Suez Canal briefly blocked again after another ship, Affinity V, becomes stuck

A tanker getting stuck used to be more the domain of niche business news, but that was before the Ever Given, so all eyes were soon on the Affinity V tanker’s plight in the Suez ...

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MAERSK TO SELL SHARE IN RUSSIAN PORT OPERATOR

MAERSK has agreed to sell its 30.75% shareholding in Russian container terminal operator Global Ports ...

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