Foto: Patrick T. Fallon/AFP/Ritzau Scanpix

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Foto: Hannah Mckay/Reuters/Ritzau Scanpix

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Multipurpose market red-hot but short on capacity

Foto: AAL Shipping

With acute shortages of capacity, bottlenecks and ensuing delays have continued to affect the multi-purpose sector, where containers are lucrative goods. The rates are currently record high, according to an analysis from Toepfer Transport.

FMC urges container carriers to clarify fees

Foto: PR / CMA CGM

Additional fees charged for delayed arrivals or container pick-ups in ports must be clearly stated on container lines' websites, and there must be clear procedures for customer disputes, urges US maritime authority FMC.


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Prosafe reports highest fleet utilization since 2019

Hotel rig company Prosafe's fleet utilization rate has been at its highest in the past three months since the second quarter of 2019. The high fleet utilization comes after several inactive rigs due to i.a. maintenance.

US ports to extend opening hours

The ports of Seattle and Tacoma on the US West Coast will try out an extension of their opening hours to effectivize the delay-ridden container traffic in the US.

South Carolina Ports names coming CEO

Barbara Melvin, currently the chief operating officer of South Carolina Ports, will succeed CEO Jim Newsome effective next year. Newsome held the position as CEO for 13 years.

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

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