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Future Prospects of Shipping COVID-19 Vaccines by Sea

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The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations.

Container Shipping Looks Strong in 2021 - BIMCO

One of a total of more than 1.6 million Hapag-Lloyd containers (TEU). Image courtesy Hapag-Lloyd

In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year. Volumes in the second half of the year were up 4.

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

Photo: Hapag-Lloyd

With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”,

Container Delays Could be Resolved in Q2/Q3, Hapag-Lloyd CEO s\Says

Image by Björn Wylezich/AdobeStock

Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or early third quarter, helping to ease disrupted shipping logistics."Things will normalize somewhere hopefully in the course of the second quarter

BIMCO: Global Container Volumes Projected to be Down 1.5% for 2020

© Idanupong / Adobe Stock

Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of  volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year, volumes were  down by only 1.7% -  a loss of 2.6 million TEU – by the end of November.

BIMCO Number of the Week: Europe-bound Container spot rates Exceed $6,000

Source: BIMCO

As spot container freight rates entered December, they also entered record-braking territory, climbing from $3,076 per FEU on the last day of November to $4,858 per FEU on first day of December. This was a milestone in its own way.Since then, all stars aligned for a continued climb that has seen spot rates break through the $6,

VIDEO: Port of Gdynia Construction Project Moving Forward

Image courtesy: The Port of Gdynia Authority S.A.

Treasury bonds are issued for the Port of Gdynia Authority S.A. (PGA) to secure funds for the Outer Port Gdynia construction project, funding to be invested in building the access infrastructure in the form of breakwaters.The Port of Gdynia Authority S.A. formally launched a procedure to select a private

Toft Takes the Helm at MSC

Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020. Photo: MSC

Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020, reporting to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.Toft will oversees MSC’s global cargo businesses including ocean liner and logistics. He will also

FMC Raises the Monitoring Report Requirements for Global Carrier Alliances

FMC Chairman Michael Khouri. Photo: FMC

Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly, must now be submitted on a monthly basis.

Swire Shipping Deploys MV Lae Chief on (NAX) Service

MV Lae Chief is the first out of three 2,750TEU newbuilds that will be deployed on Swire Shipping’s NAX service. Its sister vessels, MV Noumea Chief and MV Suva Chief, are expected to be deployed into service in 2021. Image: Swire Shipping

Swire Shipping deployed its first 2,750TEU newbuild, MV Lae Chief, on its upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on November 5, 2020.The new 2,750-TEU vessel is fitted with three

FMC: Ocean Shipping Challenges Abound

“The mis-declaration of hazardous materials is an area where we work in cooperation with Customs and Border Protection and the U.S. Coast Guard. The FMC’s Shipping Act concern is the market fraud when a shipper declares to a common carrier in its shipping documents that the tendered cargo is some innocuous variety, when the cargo is properly categorized as hazardous; thereby receiving a lower freight rate.”
– Michael A. Khouri, Chairman, Federal Maritime Commission (FMC)

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Since early Spring 2020, American consumers have received a practical education in supply chain operations. One lesson is that it takes more than simply going online and clicking a “Buy Now” button for goods to show-up on our front porches. While the networks and systems that deliver commodities

Container Shipping Rates Continue to Deliver 'Positive Surprises', BIMCO says

Image: BIMCO

Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider, according to a recent market note from BIMCO,

Container Shipping's Half-Century of Growth

Source: Allianz’s Shipping & Safety Report 2020

A great graphic from Allianz’s Shipping & Safety Report 2020 visually documenting the growth in the container ship industry over the past 50 years.Shipping, Ports & Logistics is a feature focus area of coverage in the October 2020 edition of Maritime Reporter & Engineering News, with insightful interviews with leading ports,

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