Slow steaming not the way to reduce emissions, 'check the ship's systems'
Despite being highlighted by the International Maritime Organization’s carbon intensity indicator (CII) index, slow steaming ...
There are simply too many ships operating – it is the core reason why the shipping lines and shipowners are bleeding cash. The easy answer is to scrap as many of the older and more inefficient vessels as possible and bring supply back in line with today’s tempered levels of demand, but with Chinese yards continuing to build ships at prolific rates that is a distant prospect. And it is likely to be rendered even more unlikely by new European regulations governing ship scrapping – or recycling as shipowners are wont to call it – that will preclude European shipowners from selling their vessels to Bangladeshi and Indian breakers. That said, this splendid report from Chittagong explores the terrible conditions suffered by those working on Bangladesh’s beaches, and is accompanied by a fantastic photo gallery.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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