The two subsequent fire incidents involving Maersk vessels, as well as the boxship collision in Karachi Port earlier this month that forced the temporary closure of the port, highlighted the importance of always investing in cargo insurance, said iContainers, as the amount of insurance that all shipping carriers are obliged to offer by law is limited.
According to the plan, Oakland cargo volume should reach 2.6 million 20-foot containers by 2022. The plan also calls for 8% more containerized cargo volume in Oakland by 2022. Furthermore, a key element of the strategic plan will be reducing diesel emissions.
As the Chinese New Year took place a while ago, the year of the Dog may affect container rates in the coming months. Even though the Chinese New Year was somewhat later in 2018 compared to 2017, the increase is similar to what the market reported last year.
The port handled 68 cruise liners bringing over 140,000 passengers and crew to the region. In the container industry, combined total traffic through the Port and Bantry Bay Port Company reached 10.3 million tonnes in 2017, a very good increase of 8.6% compared to 2016. Total imports increased by 6.4% while exports increased by 12.3%.
The Vancouver Fraser Port Authority released the 2017 statistics for cargo through the Port. According to them overall cargo volume through the port reached a new record of 142.1 million tonnes. Sectors that presented the biggest growth were containers and bulk grain.
The Northwest Seaport Alliance ordered eight new super-post-Panamax cranes from Shanghai Zhenhua Heavy Industries in China through a competitive bid process, as no container cranes currently are manufactured in the US. Four cranes arrived Friday and four more cranes will arrive in 2019.
In its recently published quarterly magazine, Korean Register cites what it considers to be the top ten issues driving the shipping and shipbuilding market throughout 2017.
A working group comprising members of the Cargo Incident Notification System issued guidelines for the carriage of cocoa butter in freight containers, under the principles set out in the IMO/ILO/UNECE Code of Practice for Packing of Cargo Transport Units (CTU Code).
Two years ago, the Boston Consulting group highlighted that slow growth in global demand coupled with a persistent oversupply of vessel capacity, was a major industry challenge. Although global container demand did improve in 2017, overcapacity is expected to remain in the range of 6% to 9% in 2020.
2017 saw particularly strong growth in container throughput of 12.3% in tonnes in the port of Rotterdam. Total cargo throughput rose by 1.3%, with the port returning to the growth trend seen before 2016. Total tonnage increased from 461 million to 467 million. The increase in containers was offset by a fall in dry bulk of 2.6% and in wet bulk of 4.1%.
China plans combat drills in South China Sea23/03/2018
US, China trade war raises concerns for shipping23/03/2018
Injury during small boat operations23/03/2018
Building professional resilience: A quick guide23/03/2018
Port Corpus Christi to accommodate more Suezmaxes23/03/2018
- Cyber Security
LR, BLOC to create maritime blockchain lab23/03/2018
Port of Antwerp to promote onshore power for ships23/03/2018
- Loss Prevention
Largest salvage company created in Mediterranean23/03/2018
Fire-damaged 'Maersk Honam' will be towed to Jebel Ali23/03/2018
Port of Rotterdam builds Container Exchange Route23/03/2018