Norwegian Eitzen Group has secured $19 million in funding to build the world's largest all-electric container ship, promoting sustainable shipping development and marking significant progress in the shipping industry's transition towards electrification.
Envision Energy has announced the successful completion of the world's first green marine ammonia refueling operation, marking a significant milestone in the fuel's application in the shipping industry. Produced from renewable energy, green ammonia will help reduce emissions in the shipping sector and promote sustainable development. Despite facing technical and safety challenges, this innovation provides a clear direction for the future transformation of shipping.
Kayts Port is a significant barge port located in the Northern Province of Sri Lanka, situated on the India-Pakistan shipping route. This article provides a detailed overview of Kayts Port, including its geographical location, port type, key data, service facilities, and hydrological information. The aim is to offer valuable reference information to shipping companies, assisting them in optimizing their shipping routes and logistics plans.
This article details the operational procedures for the bulk sea freight export of stannous methanesulfonate to Colombo. It covers critical aspects such as selecting appropriate shipping schedules, understanding limitations on dangerous goods LCL (Less than Container Load) shipments, preparing booking documentation, the purpose of dangerous goods packaging certificates, the warehouse receiving process, customs declaration documents, and bill of lading issuance. The aim is to provide professional guidance for practitioners involved in the transportation of this hazardous material.
The Indian shipping industry has introduced an overweight surcharge for heavy containers to tackle the rising transportation costs. CMA CGM leads the way, highlighting the industry's focus and adaptation to weight issues, which will impact future shipping market development and pricing strategies.
The United States recently signed a new trade agreement with Japan and the Philippines to promote economic cooperation and enhance trade fluidity. However, with the increase in trade, serious congestion in trans-Pacific shipping has emerged, necessitating measures to ensure transport efficiency and ensure mutual benefits for the three countries.
Since its opening in 2022, Tuas Port in Singapore has successfully handled over 10 million twenty-foot equivalent units (TEUs), solidifying its status as a key global shipping hub. Utilizing advanced technology and efficient operations, the port is dedicated to meeting international trade demands and contributing to the global supply chain.
Evergreen Marine has announced an investment of $3.245 billion to order 11 ultra-large 24,000 TEU LNG dual-fuel container ships in South Korea and China. This initiative aims to enhance energy diversification, leverage LNG technology advantages, and strengthen international competitiveness. This move marks a significant step for Evergreen Marine towards green shipping and will further expand its fleet size to adapt to the changing market demands.
This article explores how to identify low-price traps in international shipping and the methods for selecting legitimate freight forwarders. It emphasizes the diversity of price traps and the necessity of qualifications and service terms of legitimate freight forwarders. Through clear standards and recommendations, it assists cargo owners in making informed choices in a complex market environment.
The outlook for the project transport market in 2025 is optimistic, with strong demand for project cargo leading to rising freight rates amidst tight supply. Project transport charter rates are expected to increase by 10-20%, while general cargo rates may rise by 1-7%. The global trade environment continues to be influenced by geopolitical factors and the U.S. election, therefore, it is essential to keep an eye on industry dynamics.
