The USTR announced a new fee policy for Chinese shipping starting in 2025, which includes charges based on the number of voyages to the U.S. and operational restrictions, aimed at addressing unfair trade practices. This policy revision is more moderate compared to the original version but will still impact the shipping market, and the varying fees faced by different carriers may lead to shifts in market dynamics.
Carbon Ridge and Scorpio Tankers have successfully deployed the world's first centrifugal ship carbon capture system, designed to capture carbon dioxide directly from ship emissions to reduce their carbon footprint. This innovative technology offers a new solution for sustainability in the shipping industry, helping the sector achieve its emission reduction targets.
Since 2016, the International Convention for the Safety of Life at Sea (SOLAS) has introduced the Verified Gross Mass (VGM) regulations, requiring shippers to provide VGM information before loading containers. This ensures the safety and compliance of container transportation. Neglecting this requirement may result in containers being unable to be loaded onto ships, impacting the transport of goods.
Singapore Port is a world-renowned transshipment hub located at the southern tip of the Malay Peninsula, with ships arriving and departing every 12 minutes. As the largest transshipment port in the Asia-Pacific region and the second busiest container port globally, it drives high-tech industries and fosters a diversified industrial system primarily focused on electronics and refining, contributing to Singapore's economic growth.
Evergreen Marine has announced an investment of $3.245 billion to order 11 ultra-large 24,000 TEU LNG dual-fuel container ships in South Korea and China. This initiative aims to enhance energy diversification, leverage LNG technology advantages, and strengthen international competitiveness. This move marks a significant step for Evergreen Marine towards green shipping and will further expand its fleet size to adapt to the changing market demands.
The South Korean shipping industry is facing immense competitive pressure, with two major shipping companies urgently needing to procure ultra-large container ships to enhance their market competitiveness. Currently, the industry is suffering from severe overcapacity, and declining freight rates are impacting the profitability of shipping firms. Furthermore, officials do not support the merger of the two companies, emphasizing the need for voluntary principles to ensure market diversity and stability.
Despite declining revenues in the shipping market, port congestion remains a persistent issue that is not easily alleviated. Data indicates that a significant number of bulk carriers and container ships continue to wait for loading and unloading, impacting global freight. The congestion problems in the U.S. and Europe have worsened due to the pandemic, economic fluctuations, and labor shortages, serving as a crucial barometer for macroeconomic and geopolitical conditions.
This article explores the importance of roll-on/roll-off (RO/RO) ships in international shipping and their unique designs. With flexible loading and unloading methods, RO/RO ships efficiently transport various types of cargo, enhancing their carrying capacity while facing challenges related to stability and the loading and unloading process. Understanding these characteristics is essential for grasping the dynamics and development of modern maritime transportation.
This article provides a detailed overview of the processes involved in container trailer pick-up and drop-off, covering aspects such as trailer types, container placement, scheduling timelines, and required documentation. The aim is to help readers understand crucial stages in the container transportation process. Gaining knowledge about these aspects will enhance logistics efficiency and transportation safety.
Yantian International Container Terminal has become the domestic preferred port for ultra-large vessels, with multiple successful berths in 2023. The terminal features deep-water berths and advanced gantry crane facilities, allowing efficient service for numerous large ships. By adhering to a strategy focused on large vessels and optimizing services, Yantian International has achieved a continuous increase in cargo volume, surpassing the industry average and solidifying its strategic position in South China.
