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WLP signs MoUs with Thai’s logistics federation, shippersWorld Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, has signed two MoUs with Thai Logistics Service Provider Federation (TLSPF) and the Thai National Shippers’ Council (TNSC). More… |
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Long-term shipping rates finally peak, but stand 112% up yoyDespite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may have peaked. However, according to More… |
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Shippers fear carbon tax will hike freight costs still higherShippers fear that the proposed carbon tax on bunker fuel, which will come up at this week’s Marine Environment Protection Committee (MEPC) meeting at the IMO, is set to raise freight costs beyond their already record levels. More… |
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Shippers find alternative means of getting their goods to marketShippers have found alternative means of getting their goods to market as available container shipping services maxed out and service patterns changed to serve congested routes. Global trade continued to grow i More… |
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Optimarin wins big retrofit orders from global shipping giantsOptimarin, the leading ballast water treatment specialist, has announced its best ever start to a year, signing a series of fleet contracts, frame agreements and system orders to continue the positive trend recorded More… |
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Carriers flex financial muscles as rates climb continuesShippers are facing increasingly difficult negotiations over long-term contracted rates in a market described as nothing less than “red hot”, says Xeneta, a leading ocean freight rate benchmarking and market intelligence platform. More… |
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Wartsila launches digital maintenance solution for 2-stroke engines, scrubbersGlobal technology group Wärtsilä, said its unique digital predictive maintenance product, Expert Insight, has now been extended to support 2-stroke engines. It is available in combination with Wärtsilä’s Lifecycle Sol More… |
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Iran faces fresh trade heat as more shippers exitForeign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i More… |
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Iran faces fresh trade heat as more shippers exitForeign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i More… |
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Shippers 'must join hands to face new challenges'The global shipping and ports industry needs to pull together to meet ever-changing challenges even as it continues to recover from the effects of the financial crisis, said a senior official of global marine terminal operator DP World. Mo More… |
