During April, container shipping spot freight rates on the back-haul trade from North Europe to China were higher than those on the front-haul trade from China to North Europe, BIMCO reports.
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.
Amid COVID-19 pandemic, India’s major container port, Jawaharlal Nehru Port Trust (JNPT) managed to mark a 283.802 TEU throughput concerning cargo handling, during April 2020.
The Port of Los Angeles moved 688,999 TEUs in April. While that figure was 53% more than March volumes, it represents a decrease of 6.45% compared to last April.
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.
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.
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.
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.
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.
Saudi Global Ports (SGP), one of PSA International’s subsidiaries and Saudi Ports Authority (Mawani) came in an agreement in order to construct two container terminals at the King Abdulaziz Port in Dammam.
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