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How to make ‘the polluter’ pay as more carriers unveil ETS estimates

With the entry of the EU’s Emissions Trading System (ETS) into law just over a month away, shipping interests are increasingly grappling with how to apply ‘the polluter pays’ principle.   At a...

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‘Stay cautious’ warning to carriers after suspected drone attack on box ship

Israel-linked ships are facing heightened risks on the Red Sea as targets for Iran-linked factions, as the conflict in Gaza continues. Over the weekend, three vessels with ties to Israel found...

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Carriers set course for new shores in search of profitable growth

Ocean carriers are refocusing their strategies away from the traditional, but oversupplied, east-west routes, seeking growth in north-south trades – although the burgeoning Indian export market is an...

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Interest in sea-air services on the rise, with new tech on the way to help

While Maersk may have succeeded, integrated sea-air services from shipping behemoths MSC and CMA CGM appear not to have come to fruition, although sea-air has seen a recent uptick – and technology is...

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Shipowners must figure it out as carriers update their ETS surcharges

The imminent implementation of the EU ETS has seen carriers release their final surcharge rates for Q1 24: overly optimistic Hapag-Lloyd has almost doubled its initial estimate, while Maersk has...

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Forget the ZIM, Hapag spike – rates risk and war value in shipping

You may have read “Why attacks on container ships caused container stocks to jump“. That’s a catchy headline, isn’t it? Interesting. In a nutshell, from FreightWaves on Friday (15 December): “Risks to...

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China’s Cosco suspends Israel-bound ocean services

Cosco has reportedly joined its subsidiary, OOCL, in suspending ocean shipments to Israel. According to Israeli publication Le Globes yesterday, the Chinese state-owned carrier has informed customers...

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Malaysia upholds ban so Zim re-routes services to omit Port Klang

Following the December announcement by Malaysian prime minister Datuk Seri Anwar Ibrahim that the country’s ports would no longer service calls by Zim ships, the Israeli carrier has cancelled all calls...

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Two Maersk box ships come under fire in latest Houthi missile attack

A week after US president Joe Biden admitted airstrikes were not preventing Houthi attacks on shipping, another missile attack last night forced two Maersk vessels to abandon their naval convoy and...

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Carriers soak up 300,000 teu of newbuilds – but there’s more to come

A record 41 containerships, with a capacity of some 300,000 teu, were delivered last month, including eight of more than 15,000 teu. However, this eye-watering capacity record for newbuild deliveries...

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