Sea Archives - The Loadstar

DFDS to launch first Egypt-Italy ferry service for a decade

Gavin van Marle — Tue, 05 Nov 2024 13:39:27 +0000

DFDS has shown its intent to expand its Mediterranean market share, today unveiling a new weekly ferry service between its growing Italian hub of Trieste and the Egyptian port of Damietta.
The move represents the Danish operator’s first foray into the Egyptian market and comes just days after it cancelled its €500m purchase of the international network of Turkish transport group Ekol Logistics.
It is also the first direct ferry connection between ...

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Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Martina Li in Taiwan — Tue, 05 Nov 2024 13:31:51 +0000

Asian container ports Shanghai, Ningbo and Kaohisung are working through congestion after Typhoon Kong-Rey blew through last week.
And Kong-rey, which made landfall in Taiwan on Thursday, was the strongest typhoon to lash Taiwan since 1996.
According to EconDB, Kaohsiung, the island’s main container port, is experiencing 100% delays for all incoming box ships, which amount to 69 over the next seven days.
ONE’s vessel schedule shows the 1,100 teu Contship Era arrived in ...

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Electronic negotiable cargo documents – the UN’s solution

LoadstarEditorial — Tue, 05 Nov 2024 13:30:35 +0000

In 2019, the UNCITRAL secretariat began to work on an international instrument on negotiable cargo documents, in order to open up opportunities for trade finance and facilitate international trade. TT Club explains the key issues of importance that are to be considered and still to be resolved.
It is envisaged that the instrument could apply to any mode of transport in a multimodal or unimodal context. Currently, negotiable bills are only ...

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Houthis earn $2bn a year from Red Sea protection racket

Gavin van Marle — Tue, 05 Nov 2024 13:23:51 +0000

If you harbour any hope that the Red Sea crisis might come to an end soon, The Loadstar respectfully suggests you should abandon it, as this extraordinary report in the Maritime Executive claims the Yemini militia group is earning around $180m a month in tolls from shipowners to not attack their vessels as they pass the Bab Al-Mandeb straits. The source of the article is a 537-page report from the ...

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Ripples from standstill at strike-bound Canadian ports could spread inland

Charlotte Goldstone — Tue, 05 Nov 2024 13:03:50 +0000

Turmoil persists at Canada’s ports, with warnings that this could lead to spikes in road and rail freight, and congestion at ‘Plan-B’ US west coast gateways.
Yesterday, the International Longshore and Warehouse Union Ship & Dock Foremen Local 514 began an industry-wide, open-ended strike against all BC Maritime Employers Association (BCMEA) member companies.
The association issued a coast-wide lockout notice in response, effectively shutting down the principal ports of Vancouver ...

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Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers

Alessandro Pasetti — Tue, 05 Nov 2024 12:32:10 +0000

If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

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X-Press Pearl claims case reopened after allegations of corruption

Angelo Mathais India correspondent — Tue, 05 Nov 2024 12:29:46 +0000

The 2021 X-Press Pearl fire, reportedly the worst maritime disaster in Sri Lanka, has become controversial amid allegations of corruption in handling compensation claims under the previous government.
The island nation had a political leadership change in September, with left-leaning Anura Kumara Dissanayake elected as its new president.
Containership X-Press Pearl, owned by Singapore-based X-Press Feeders, burned for almost two weeks before sinking off the Sri Lankan coast, sparking serious environmental concerns. The ...

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How to avoid ‘a wave of regulatory pain’ from Fuel EU Maritime rules

Charlotte Goldstone — Tue, 05 Nov 2024 11:47:53 +0000

Companies need to be prepared for the introduction of FuelEU Maritime in less than two months – those without updated digital solutions could find themselves riding “a wave of regulatory pain”, according to director of performance at smart shipping innovation platform Navtor, Jacob Clausen.
The regulation, coming into force on 1 January, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five ...

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Carriers drop calls at Hamburg after congestion builds at CTA

Gavin van Marle — Mon, 04 Nov 2024 14:08:50 +0000

Congestion issues continue to plague Hamburg’s flagship automated Container Terminal Altenwerder (CTA), due to operator HHLA’s modernisation programme, forcing carriers to drop sailings into Germany’s largest port.
Jan Kolditz, director of IT and terminal development of HHLA, told The Loadstar on the sidelines of the recent World Ports Conference in Hamburg that CTA was replacing its entire fleet of ship-to-shore cranes.
“All 14 are being replaced as they have come to the ...

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Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue

Charlie Bartlett technology editor — Mon, 04 Nov 2024 13:58:04 +0000

Egypt has suffered a $6bn hit from the Red Sea crisis and drop in Suez Canal transits, a minister has told the IMO – but Yemen’s Houthis have vowed to continue their attacks.
Yahya Sarea, a Houthi spokesperson claimed in a weekend televised address that Israel-linked maritime businesses were seeking to change ownership, but the group would not recognise any changes and would continue to attack vessels going to, coming from, ...

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