Responding to the news of a planned direct ferry service between Scotland and France, Logistics UK Head of Trade and Devolved Policy, Nichola Mallon explains how the benefits will be felt across the whole of the UK: “This new direct sailing route between Scotland and France is welcomed as it… Read more »
The Red Sea Crisis’ Impact on Global Industries in 2024
The agreement to a Gaza ceasefire by Israel and Hamas could bring an end to the Red Sea shipping crisis that affected businesses across the globe throughout the past year. With news of this development, here’s a look back at how industries were affected by the disruption during 2024 and… Read more »
Stena Line marks significant milestones in build of NewMax ships, Stena Futura and Stena Connecta
Stena Line has reached another milestone in the build of its NewMax ships – launching Stena Futura into the water and laying the keel of the second ship, to be named Stena Connecta. Last week, Stena held a joint ‘launch’ and ‘keel-laying’ ceremony at the China Merchants Jinling Shipyard, Weihai,… Read more »
Xeneta container rates alert: record-breaking fall in long-term rates for ocean freight, as carriers brace for stormy 2023
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing the largest ever month-on-month declines. According to the XSI®, which is based on crowd-sourced data from leading shippers worldwide, average long-term contracted rates dropped by 13.3% in… Read more »
Xeneta container rates alert: sharp decline for long-term ocean freight rates signals “an end to record-breaking quarters” for carriers
Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI®) indicates that global rates fell by 5.7%, with all major corridors experiencing negative import… Read more »
Xeneta questions ‘myths’ of heavily declining container volumes and bunker price unrest
Oslo-based Xeneta is calling into question industry narratives of significantly declining ocean freight volumes and shipper dismay over rising Bunker Adjustment Factors (BAF). In its latest ‘Ocean Freight Pulse’ survey of its user base, made up of globally leading shippers, Xeneta found that over 50% of respondents expected volumes to… Read more »
Bristol Port welcomes Mazda UK’s first direct shipment of cars from Japan
Mooring at Bristol’s Royal Portbury Dock on the 28th March, the NOCC Atlantic delivered 2,355 cars to Mazda’s new automotive port handling centre within the Bristol Port Company estate. This opening shipment sees Bristol Port become the fourth port of entry in Europe for Mazda Logistics Europe, joining Barcelona, Antwerp… Read more »
DP World reports strong volume growth of 11.9% for 9M 2021
Dubai, 26th October 2021 – DP World Limited handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. On a 3Q2021 basis, DP World handled… Read more »
Shippers warned to brace for fuel surcharge rises
Resurgence in fuel prices, set to be passed on by carriers, means cargo owners will have to contend with higher bunker adjustment factors on top of already high freight rates Shippers are being warned to prepare for higher bunker adjustment factors on top of already high freight rates as carriers… Read more »
DP World-owned Unifeeder partnering in world-first marine trial of carbon-neutral synthetic natural gas (SNG)
Today, in a world first for the marine industry, Unifeeder-operated ship ‘ElbBlue’ was fuelled with liquefied SNG for a trial voyage in a major boost for the shipping industry’s efforts to reduce its carbon emissions. The liquefied SNG, produced at Kiwi’s Power-to-Gas facility in Werlte, Germany is a synthetic… Read more »
