Marseille Fos Accelerates Air Emissions Cuts
Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025. The zero…
Overcapacity Still Weighs on Shipping Industry -Report
Global demand for maritime shipping picked up last year, but the pace was still below the historical 3 percent average and continued to lag behind supply, keeping freight rates and earnings low in most segments, a new UNCTAD report says. The Review of Maritime Transport 2017 says that seaborne trade grew by 2.6 percent in 2016, reaching 10.3 billion tons. Although this was a welcome improvement to the 1.8 percent growth recorded in 2015, the boost in demand was offset by a 3.2 percent increase in the industry's carrying capacity, which reached 1.86 billion dead-weight tons earlier this year. A supply-demand imbalance continued therefore to weigh down industry profits, with the container shipping market, the largest in terms of value, reporting a collective operating loss of US$3.5 billion.
UNCTAD: Seaborne Shipments Reach Record
Seaborne shipments passed 10 billion tons for the first time ever in 2015, up 2.1 per cent from 9.8 billion tons the year before, the UNCTAD Review of Maritime Transport 2016 says, noting that this is the slowest pace of growth in the industry since 2009 and that future growth looks uncertain. Shipping carried more than 80 per cent of the world's goods by volume in 2015, and its slow growth reflects sluggish global trade, albeit with variations in the different sectors. Shipping of oil recorded its best performance since 2008, thanks to low oil prices, ample supply and stable demand. But shipping's overall growth was dragged down by the limited growth of dry bulk commodity trade…
Marseilles Fos Renews UNCTAD Training Agreement
The Marseilles Fos port authority has signed a five-year renewal of its agreement with the United Nations Conference on Trade and Development (UNCTAD) to provide management training for ports in French-speaking Africa. The collaboration dates from 1996 and runs within UNCTAD’s Train for Trade program. Under the scheme, every two years the leading French port hosts a training visit attended by some 20 directors and senior managers from African ports. Through seminars and a mutual exchange of ideas and experience…
