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Transportation Costs News

01 Feb 2024

ONE Trials Dual-Temperature, Controlled-Atmosphere Container

Source: ONE

Ocean Network Express (ONE) has launched the world’s first dual-temperature refrigerated container equipped with controlled atmosphere functionality in collaboration with Pan Pacific International Holdings (PPIH) and NAX Japan.It is the world's first use of marine transportation of the dual-temperature refrigerated container equipped with controlled atmosphere functions that will transport various types of perishable goods and fruits from Japan to overseas stores of Don Quijote…

19 Dec 2023

Croatian Ferry Refit for Operations on New Route

The Croatian ferry Krk operated by the national Jadrolinija shipping company was retrofitted to cater for a new route with stronger winds and currents. (Photo: Jadrolinija)

Sometimes, a change in a vessel's operational profile requires considerable modernization or retrofitting of its propulsion system in order for the vessel to remain fit for purpose. And in some cases, newly required thruster performance features can be achieved with the help of modifications that preserve most of the existing units.Earlier this year, the Croatian ferry Krk operated by the national Jadrolinija shipping company, was retrofitted to cater for a new route with stronger winds and currents.

12 Dec 2023

Palmali Aims to Expand Shipping Ops in the Black Sea

Copyright Peter Hermes Furian/AdobeStock

Istanbul-based tanker operator Palmali has become the top shipper for Ukraine's Black Sea-borne sunflower oil exports, one of the country's key export products, and plans to expand further, its chairman Mubariz Mansimov said.Azeri-born Mansimov said Palmali was the most active operator in the increasingly dangerous Black Sea, and plans to expand its presence in Ukraine by placing an order for 10 more cargo carriers and starting trading operations early next year. Since pulling out of the U.N.-brokered deal that guaranteed safe shipment of Ukrainian food products in July…

04 Dec 2023

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

© momentscatcher / Adobe Stock

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday.The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct. 7.The three commercial vessels came under attack in international waters in the southern Red Sea, the U.S.

13 Oct 2023

Growing Tanker Fleet, Cheaper Freight Challenge Russian Oil Price Cap

Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the routes, according to trading and shipping sources.The arrival of new shippers working outside the purview of Western governments allows Russian firms to earn more than the $60 per barrel cap that the U.S. and its allies had aimed to impose on Russia through sanctions. It also means that enforcing the price cap will have a limited impact on Russian revenues.On Thursday, the U.S. imposed the first sanctions on owners of tankers carrying Russian oil above the cap, one based in Turkey and one in the United Arab Emirates…

31 Jul 2023

Pakistan's Import of Russian Crude Facing Obstacles

© DanishIqb / Adobe Stock

Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The cash-strapped South Asian nation became Russia's latest customer snapping up discounted crude that has been banned from European markets due to Russia's war on Ukraine. Its first cargo arrived in June and a second is now under negotiation.It is targeting 100…

23 May 2023

Shell Cuts Oil Imports at Singapore Refinery Amid Mooring Repairs

© ake1150 / Adobe Stock

Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.The company is moving crude from Very Large Crude Carriers (VLCC) onto smaller Aframax tankers through ship-to-ship transfers before discharging them at another jetty on Pulau Bukom, the island south of Singapore where the refinery is located, shipping…

26 Feb 2023

Containership is First in Years to Docks at Yemen's Hodeidah Port

A containership carrying general commercial goods docked at Yemen's main port of Hodeidah for the first time since at least 2016 on Saturday as parties in Yemen's eight-year war are in talks to reinstate an expired U.N.-brokered truce deal.The conflict, which pits a military coalition led by Saudi Arabia against the Iran-aligned Houthi group, has divided Yemen and caused a humanitarian crisis that has left 80% of the 30 million population needing help.Goods arriving at Hodeidah have to be vetted by a U.N. body established to prevent arms shipments from entering Yemen.

27 Jan 2023

US Announces More Grant Funding for Ferry Upgrades

(Photo: Eric Kilby - CC BY-SA 2.0)

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced $384.4 million in federal funding from President Biden’s Bipartisan Infrastructure Law for expanding and improving the nation’s ferry service in communities across the country, as well as accelerate the transition to zero emission transportation.In total, FTA is awarding 23 grants across 11 states and the U.S. Virgin Islands. Grants will fund projects including replacement of old vessels, expand fleets, and build new terminals and docks.

16 Dec 2022

N'GENIUS Says Its Steel to Transform Construction of Offshore, LNG Facilities

©N'GENIUS

N'GENIUS claims its high-strength austenitic stainless steels will transform the design and construction of onshore and offshore oil, gas, and LNG facilities."The global demand for LNG is projected to reach 700 million tonnes per year by 2040 fuelling the need for greater LNG infrastructure including import receiving and export terminals, FLNG vessels, and LNG carriers. Since these facilities are being designed with larger capacities and operating under increasingly more challenging conditions…

30 Jun 2022

Stolt-Nielsen Says 2022 Q2 Profit Best Since 2007

Credit:Ianaré Sévi/Wikimedia Commons - CC BY-SA 3.0

Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, in the first quarter.Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said the second quarter net profit was the company’s highest since 2007."The second quarter continued where the first quarter ended with growing demand and a shrinking orderbook for new ships…

28 Jun 2022

Union Talks at West Coast Ports Going Well, US Labor Secretary Says

© Mariusz / Adobe Stock

Talks to reach a new contract with union workers at West Coast shipping ports before the existing deal expires this week are going well with no major sticking points, U.S. Labor Secretary Martin Walsh told Reuters on Tuesday.The current contract covering more than 22,000 port laborers at 29 West Coast ports expires on July 1. Retailers, farmers and other U.S. shippers worry that any breakdown in the often-contentious West Coast port labor talks will further disrupt cargo flows…

14 Jun 2022

US West Coast Port Union, Employers Say No Plan for Strike or Lockout

© Brad Nixon / Adobe Stock

The union and employers negotiating the contract for more than 22,000 port laborers on the U.S. West Coast on Tuesday said they are committed to reaching a deal and are not planning any work stoppages or lockouts that would worsen supply chain logjams.The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group have been in negotiations since May.They said they do not expect to reach a deal before the high-stakes labor agreement…

31 Oct 2022

Maritime Antitrust Immunity in Crosshairs

© Brad Nixon / Adobe Stock

While those in the Beltway continue to struggle to offer solutions to U.S. supply chain capacity issues, it seems apparent that policymakers have at least found their scapegoat for these issues in the form of the maritime industry. A specific talking point during the State of Union Address, a White House-endorsed agreement between the Federal Maritime Commission (FMC) and Department of Justice (DOJ), multiple pieces of legislation, and a vigorous hearing before the Senate Committee on Commerce…

21 Feb 2022

WRDA 2nd Hearing: A Focus on Project Sponsors

Mario Cordero (Photo: Port of Long Beach)

On February 8, the House Committee on Transportation & Infrastructure, Subcommittee on Water Resources and Environment, held a second hearing on a 2022 Water Resources and Development Act (WRDA) bill. This hearing was a chance for six project sponsors to impress upon legislators why their projects deserved to be on Congress’ final funding list. These were not random projects. Rather, each sponsor spoke on behalf of one of the projects presented in the January 2022 “Chief’s Reports…

31 Jan 2022

Cool Summer: Northern Sea Route Remains Closed for the First Time in 12 Years

Credit: Weathernews

Weathernews Inc. Global Ice Center announced its review of Arctic Ocean sea ice conditions during 2021. Due to the cool summer temperatures in July 2021, sea ice did not see much melt and the minimum sea ice area for the year was the largest in the past seven years at 4.61 million km2.Weathernews Inc. Global Ice Center said Monday that both the Northeast (Russian side) and the Northwest (Canadian side) Passages of the Northern Sea Route remained closed. This is the first time in 12 years since 2009 that the Northeast Passage did not open.

29 Dec 2021

CETO JIP to develop Low Pressure Solutions for CO2 Ship Transport

Equinor, Shell, TotalEnergies, Gassco and DNV launched the CETO (CO2 Efficient Transport via Ocean) JIP to develop low-pressure solutions for the transportation of CO2 by ships. Image courtesy DNV

Equinor, Shell, TotalEnergies, Gassco and DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification of a low-pressure ship design and identify solutions to scale CO2 transportation volume, while reducing the associated risks, to support the development of opportunities in CCS. CETO is funded by the project partners and GASSNOVA through the CLIMIT program and is expected to be completed in 2023.

21 Dec 2021

Partners Aim to Develop Low Pressure Solutions for CO2 Shipping

(Photo: DNV)

Energy companies Equinor, Shell, TotalEnergies, Gassco and classification society DNV have commenced a new joint industry project (JIP) to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification of a low-pressure ship design and identify solutions to scale CO2 transportation volume, while reducing the associated risks, to support the development of opportunities in CCS. CETO is funded by the project partners and GASSNOVA through the CLIMIT program and is expected to be completed in 2023.

17 Dec 2021

St. Louis Container on Barge Project Moves Forward

(Image: APCT)

Key stakeholders behind the efforts to launch innovative container-on-vessel (COV) service to the Midwest on Firday announced that Hawtex Development Corporation is signing on as the lead developer for a new COV port facility in Jefferson County, Mo. to be developed in collaboration with Fred Weber/Riverview Commerce Park LLC and integrating a 300+ acre adjacent parcel owned by The Doe Run Company. The new port will be a critical link on the new, all-water, north-south trade lane connecting the Midwest and the St. Louis region to the lower Mississippi River and on to worldwide destinations.

15 Sep 2021

Record 60 Cargo Ships Wait to Unload at Los Angeles, Long Beach

© David / Adobe Stock

A record 60 container vessels are at anchor or adrift in the San Pedro Bay, waiting to be unloaded at the Port of Los Angeles/Long Beach seaports and another 20 are due to arrive in coming days, a port executive said on Wednesday.With the pandemic still raging around the world, U.S. consumers have not fully resumed previous spending on restaurants and travel, yet they continue to splurge on goods ranging from appliances and home exercise equipment to sweatpants and toys.Volume at the Port of Los Angeles - the busiest U.S.

10 Sep 2021

MOL, Marubeni Developing Dual-fuel Methanol Carrier

(Image: MOL)

Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) are working together to develop a dual-fuel methanol/very-low sulfur fuel oil powered vessel to ship methanol from Russia.On September3, during the Eastern Economic Forum in Vladivostok, Russia, the Japanese firms signed a memorandum of understanding (MOU) with the Ministry of the Russian Federation for Development of the Far East and the Arctic Regions, State Development Corporation VEB.RF, VTB Bank and ESN Limited Liability Company (ESN Group) to commence a joint study to build…

17 Sep 2021

Supply Chain Shocks: Ocean Shipping Challenges Abound

Pier 300 Port of Los Angeles. Photo courtesy Port of Los Angeles

Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell, attributable to re-stocking of containerized cargo as economic activity recovered from the pandemic induced jolts.

18 Nov 2021

White House Lauds Easing of Supply Chain Clogs, Cites Shipping Competition Concerns

© sheilaf2002 / Adobe Stock

The White House on Wednesday lauded improvements in clogged U.S. supply chains, with more goods moving than ever before, but said more work was needed to ensure fair competition in a global shipping sector dominated by three alliances of ocean carriers.In a new blog, the White House National Economic Council said the Federal Maritime Commission (FMC), an independent agency, was already investigating excessive shipping fees, but should consider using other tools, including challenging…