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Shipping News

ARI Media

May 8, 2019
3 min

Ins and Outs of Demurrage and Detention

The process of shipping a container from one point to another includes a number of factors, some of which are demurrage and detention. These are a matter of allowed free-days, determining the number of days a shipper can use the container for free. If this free time is exceeded, a user has to pay a demurrage and detention charge, usually calculated per day. World Maritime News spoke to Florian Frese, Director of Marketing at xChange, a Germany-based startup focusing on reposi

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ARI Media

Apr 8, 2019
2 min

Shipping Heading to a Better Tomorrow

The container shipping industry is facing an exceptionally high level of uncertainty amid numerous headwinds, according to shipping consultancy Drewry. The uncertainty ranges from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future engagement by shipowners in large vessel building programmes. “The degree of uncertainty is probably the highest it has been in a decade,” said Simon H

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Ship Operating Costs Set to Rise in 2019

ARI Media

Jan 11, 2019
2 min

Ship Operating Costs Set to Rise in 2019

Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to a a survey by Moore Stephens. Namely, drydocking is the cost category likely to increase most significantly in both 2018 and 2019, by 2.1% and 2.3% respectively, while expenditure on repairs and maintenance is to rise by 2.0% in 2018 and by 2.3% in 2019. The survey also revealed that the outlay on crew wages is expected to increase by 1.3% in 2018 and b

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ARI Media

Dec 6, 2018
4 min

Sails? Shipping Goes Green

As the shipping industry faces pressure to cut climate-altering greenhouse gases, one answer is blowing in the wind. European and U.S. tech companies, including one backed by airplane maker Airbus, are pitching futuristic sails to help cargo ships harness the free and endless supply of wind power. While they sometimes don’t even look like sails — some are shaped like spinning columns — they represent a cheap and reliable way to reduce CO2 emissions for an industry that depend

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ARI Media

Oct 4, 2018
4 min

7 Trends Impacting Shipping’s Future

Seaborne trade expanded by a healthy 4% in 2017, the fastest growth in five years, with a similar growth forecast this year, according to UNCTAD’s Review of Maritime Transport 2018. Volumes across all segments are set to grow in 2018, with containerized and dry bulk commodities expected to record the fastest growth at the expense of tanker volumes. Healthy trade growth aside, the 2018 edition of the report also looked at the key opportunities and challenges faced by the shipp

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ARI Media

Sep 18, 2018
5 min

New IMO Regulations Impact Arabian Gulf

The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, published its latest research report today, which this month analyses the impact on the Gulf’s oil dynamics of new fuel oil regulations for the shipping industry set by the International Maritime Organisation. The International Maritime Organisation (IMO) – a specialised agency of the United Nations – decided in 2016 to introduce new rules aimed at reducing th

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ARI Media

Sep 18, 2018
1 min

New Regulations for ‘Green Shipping’

The global shipping industry is under growing pressure to ensure its compliance with looming new environmental regulations, Kitack Lim, secretary-general of the International Maritime Organisation (IMO), has warned. Lim’s comments were made at the opening of the Hamburg SMM maritime trade fair, one of the world’s most important events of its kind for the shipping industry. As of January 1, 2020, the IMO will mandate members to use fuels with a sulphur content of at most 0.5%,

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ARI Media

Aug 15, 2018
6 min

Scrubbers Winning Owners’ Hearts

The countdown has begun for the entrance into force of the 2020 global sulphur cap and the shipping industry has less than a year and a half to become compliant. There are three main solutions to choose from: installing a scrubber, running your ships on marine gas oil (MGO) or switching to liquefied natural gas (LNG). World Maritime News spoke with Jan Othman and Sigurd Jenssen, directors of exhaust gas cleaning at Finish technology group Wärtsilä about the uptake of the tech

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ARI Media

Aug 14, 2018
3 min

Africa Opens its Doors to the World

A diverse continent with more than 50 different countries, Africa is blessed with vast natural resources - offshore oil and gas reserves, precious metals and diamonds, iron ore, cocoa, timber and more. That wealth of resources, coupled with an increasingly skilled workforce, key trade hubs and growing import markets, has enabled the continent to claim a strategic position on the world stage. And yet, it still holds a multitude of untapped opportunities for the global shipping

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ARI Media

May 18, 2018
5 min

New Rules on Ship Emissions

New rules coming into force from 2020 to curb pollution produced by the world’s ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies. The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife. But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for clea

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ARI Media

Mar 14, 2018
3 min

Opportunity For Women In Maritime

The shipping industry has long been male-dominated due to its characteristics of being physically demanding, dangerous, and requiring long periods away from home. Most cultures have traditionally protected women from such jobs, which led to a significant gap between the number of men and women in the maritime industry.Although things have changed when looking at the global industry, the maritime sector is still a comparatively dangerous one even in countries in which women ar

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ARI Media

Jan 29, 2018
7 min

Global Trade at a Crossroads

2017 was a difficult year for the shipping industry in various respects including geopolitical developments, which raised many eyebrows across the board. Rising protectionism and an anti-globalization sentiment have emerged as major concerns of the market players. The year opened with the inauguration of a new American president, Donald Trump, who is championing the “America First” ideology. In Europe, the United Kingdom decided to pull out from the European Union, while in G

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"Shipping Fiasco Was Unavoidable" Says Hanjin Chief

ARI Media

Oct 4, 2016
3 min

"Shipping Fiasco Was Unavoidable" Says Hanjin Chief

Hanjin Group Chairman Cho Yang-ho, the largest stakeholder of the group’s cash-strapped Hanjin Shipping, said Tuesday the recent shipping fiasco sparked by court receivership of the shipping line was “unavoidable.” “It was an unavoidable situation derived from the aggressive supply of government-backed foreign shipping lines and their low price strategies,” Cho said in a parliamentary audit for the state-run Korea Development Bank. KDB is the main creditor of Hanjin Shipping.

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ARI Media

Sep 29, 2016
3 min

A Sea of Change For the Ship Industry

Today, the shipping industry finds itself in a sea of change. New international standards require vessels to reduce air pollution, meaning fewer emissions. It’s a challenge for builders as altering a ship’s power can sacrifice safety. How can the industry ensure that marine vessels remain safe while cutting emissions? A shipyard in Croatia is helping scientists to improve maritime transport. Founded 160 years ago, Uljanik is one of the world’s oldest shipbuilding companies. C

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ARI Media

Sep 14, 2016
1 min

LA Pier Gets Ready for Mega-Ships

The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet, making it the tallest port crane in North America, ahead of regular Ultra-Large Container Vessel (ULCV) calls in the trans-Pacific trade lanes, according to the terminal operator. APM Terminal said that the crane, which will use 60% less energy than conventional lighting systems, is expected to be ready for vessel operations in the next few months. The crane heig

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ARI Media

Sep 14, 2016
2 min

Improving Risk Management

Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall in the overall level of satisfaction on the part of respondents that sound risk management had contributed to the success of their organisations. The involvement of senior management in managing risk at the highest level also declined ag

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