container industry

Port of Hamburg: Cargo throughput drops in Q1 2020

Port of Hamburg, Germany’s largest universal port, saw seaborne cargo throughput in the first quarter of the year at 31.9 million tons, representing a 7.9% drop on 2019, as a result of the COVID-19 crisis.

Indian container volumes may drop by 16% amid COVID-19

In light of the COVID-19 outbreak and the major disruptions that has caused, container cargo volumes at Indian ports are estimated to drop by 16% in FY21. Namely, due to the lockdown, consumer demand has dropped significantly bringing negative impacts on the supply chain.

Demurrage monitoring platform to boost operations amid COVID-19

Amid COVID-19 pandemic and the negative impacts that has brought within the shipping community, it is of vital importance that supply chain remain stable. Following the lockdown of production sites or warehouses, several containers cannot be collected, leading to demurrage and detention fees to be paid by the ocean carriers.

Hapag-Lloyd drops its CO2 emissions by 50%

The German-based container company, Hapag-Lloyd recently announced that managed to cut its CO2 emissions per TEU/kilometre by 50% since 2008. According to the company, 95% of its vessels are in line with the IMO regulations, as they are all burning low sulphur fuel oil since the beginning of 2020.

Hong Kong cargo volume declines by 5.8% amid COVID-19

Following the COVID-19 pandemic and the negative impacts that has brought within the shipping industry, Port of Hong Kong reported a strong drop in its cargo handling volume by 5.8% year-on-year, from January until March 2020. 

Key threats that cause cargo claims

UK P&I Club recently published a guide concerning the controls and the key points that the UK Club’s Risk Assessors look for when inspecting a vessel. Specifically, the guide allows ship operators to carry out a similar check on the Threats and Controls, ensuring that the ship has a good risk profile.