Category: Sea

Following further attacks on merchant shipping, entirely unconnected to the conflict between Israel and Hamas, container shipping lines have suspended sailings through the Gulf of Aden and Red Sea with immediate effect. MSC announced on Friday, after the MSC Palatium III was attacked and suffe... Read more

As we move into our second year of Sustainable Aviation Fuel (SAF) investment, with Air France, KLM, Martinair, it is great to see the successful transatlantic flight, greater SAF availability and increasing options for green sea freight transport. The first transatlantic flight by a large pas... Read more

From the 1st January 2024 the market-based mechanism to tackle greenhouse gas emissions within the European Union known as the EU Emissions Trading System (ETS) will be extended to shipping, triggering new emission linked surcharges. EU ETS sets an annual absolute limit on greenhouse gas (GHG)... Read more

With sea freight rates so low, below cost on many important trade lanes the container shipping lines are looking to surcharges and all manner of ancillary charges to boost their cash flows. Macro-economics continue to work against the shipping lines, with global demand suppressed and costs ris... Read more

The EU’s Emissions Trading Scheme (EU ETS) extends to container shipping from the 1st January 2024, with significant legal, commercial and financial consequences for carriers and a new surcharges for shippers. Under the EU ETS carriers will purchase a capped number of permits, known as ... Read more

With 2024 just weeks away, scheduled container shipping capacity post-Golden Week on both the trans-Pacific and Asia to North Europe trade-lanes is up massively. Over 30% to the USEC and over 10% to Europe, raising fears of a massive blank sailing program between now and the end of the year. J... Read more

Following the driest year and October on record, the Panama Canal Authority (ACP) has been steadily cutting daily vessel transit numbers and draught levels across the canal, with some restrictions possibly staying in force until 2028, with wider supply chain ramifications. With each transit of... Read more

In an attempt to recover operations back into the black and jettison unprofitable cargoes, the container shipping lines have deferred FAK freight rate increases from Asia until December, after their planned November GRIs failed. The Asia-North Europe rate increases, that were due to be valid f... Read more

While sea freight traffic is largely operating without significant issues, the conflict in Israel is impacting airfreight to the country and the surrounding region, with many carriers’ services subject to cancellation and delay. Many airlines have suspended direct flights to and from Israel,... Read more

The UK’s Electronic Trade Documents Act (ETDA) came into force on the 20th September, providing an electronic bill of lading (eBill) the same legal status as a paper bill of lading. This is a major step forward in the modernisation of international trade and is anticipated to boost the UK ec... Read more

On the 9th August 2022, the European Commission (EC) issued a call for feedback on the Consortia Block Exemption Regulation (CBER) and on Tuesday announced that it will not renew the sector’s exemption to operating shipping alliances when current legislation expires on 25th  April. The Cons... Read more

Just months after IMO 2023 launched, the International Maritime Organisation raised its carbon emissions targets, which will require more carrier investment and with the EU rolling out its emissions trading scheme from next year, shipping lines will be looking to recover a lot of costs from shipp... Read more