container industry

Malta Freeport welcomes its first LNG-fueled container ship

Malta Freeport Terminals welcomed the first ever LNG-fueled container ship to visit Malta during the course of the vessel’s maiden voyage from Asia to Rotterdam. The ‘Containerships Polar’ discharged more than 560 containers during its call to Malta. 

2020 sulphur cap could raise costs significantly for shipping, report says

In its 2019 Global Container Shipping Outlook, AlixPartners say that the trade between the US and China, the tariffs imposed because of that, and Brexit will disrupt the container shipping industry throughout the course of 2019. As for the industry as a whole, it could be looking at as much as $10 billion in additional exposure, according to 2018 prices.

ANL extends emergency bunker surcharges after August

Earlier this year, ANL decided to impose emergency bunker surcharge due to high bunker costs from the beginning of the year. In a recent update, the company informed that it will extend this measure as from August 1st 2018. The measure will be applied to all cargo on all worldwide trades.

CMA CGM to maintain emergency bunker surcharges after August

French container ship giant CMA CGM announced it will maintain the emergency bunker surcharges, as of 1 August, due to the increasing bunker prices since the beginning of the year. From August 1st this measure, based on the Brent average price in June, will be applied to all long-haul cargo Worldwide.

High fuel prices lead Hapag-Lloyd to cut costs

Hapag-Lloyd will limit its costs to deal with increasing fuel prices that caused the company to cut its current profit outlook. Namely, as the company’s CEO, Rolf Habben Jansen noted, costs increased more than expected, something that puts pressure on the operating margins.

CMA CGM extends emergency bunker surcharges

As bunker prices have remained high, French container ship giant CMA CGM announced it will maintain the emergency bunker surcharges. Consequently, as from July 1st, these bunker-related surcharges, based on the average of bunker prices in May, will be applied to all long-haul cargo worldwide.

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