News

Global container fleet breaches 23m teu



September 18, 2019 /

A wave of ULCV deliveries this year has pushed the total containership fleet capacity over the 23m teu mark, with the last million slots added in a breath–taking 14 months, according to an Alphaliner report.  However, the newbuilds, mostly consisting of ULCVs, have arrived at a time of softening demand growth across the major tradelanes of the world, which is already forcing carriers to blank a significant amount…


Scrubbers integral for IMO 2020 compliance



September 11, 2019 /

Scrubbers will be vital to ensure compliance to the International Maritime Organization’s low sulfur mandate despite facing skepticism from some quarters about their limitations, delegates said at an industry event this week. By January, 1, 2020, when the IMO 2020 rule is implemented, S&P Global Platts Analytics predicts around 2,400 scrubbers to be operational worldwide.…


Maersk and MSC to suspend AE2 Asia-North Europe loop for the second time



September 4, 2019 /

Alliance partners Maersk and MSC are to “temporarily suspend” their AE2/Swan Asia-North Europe loop from the end of the month until mid-November, removing up to 20,000 teu a week from the trade. Weakening demand and plummeting freight rates have so far obliged Asia-North Europe carriers to blank two-thirds more sailings than during the same period…


Carriers to fine rogue shippers for misdeclared goods in containers



August 14, 2019 /

Carriers are cracking down on rogue shippers by threatening significant financial penalties for misdeclared shipments, following a series of vessel fires. Evergreen was first out of the gates announcing fines, ranging from $4,000 to $35,000, for misdeclarations (see below), with Hapag-Lloyd and OOCL following suit. Hapag-Lloyd, which suffered as misdeclared goods caused a high-profile fire…


Post-Brexit freeport ‘gateway to prosperity’ plan comes under fire



August 7, 2019 /

Questions continue to be raised over the announcement that the UK government intends to establish a series of freeports across the country after Brexit. Trade secretary Liz Truss called on airports and ports to bid for the scheme, saying: “Freedoms transformed London’s Docklands in the 1980s, and Freeports will do the same for towns and cities…


We are one of the top 1000 companies to inspire Britain 2019!



August 5, 2019 /

We are very proud to announce that we have been selected as one of the 1000 companies to inspire Britain 2019! The report pulls together exciting companies that are breaking new ground and making a real difference to the world around us. We couldn't have grown as we have without the support of our customers…