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Ocean Transportation: Page 39

Big Economies Accused of ‘Backsliding’ on Shipping Carbon Deal

The agreement could require all ships to pay a charge based on the greenhouse gases they emit, seen as a crucial source of funding for poor countries.

The International Maritime Organization building in Lambeth, London. Photo: iStock.com/Anastasia Yakovleva

Ship Carbon Charge Edges Closer With Optimism U.S. Won’t Derail It

There’s been quiet optimism among those following the talks that, despite recent U.S. silence about potential new rules, Washington won’t derail the process.

HMM's first methanol-powered container ship, the HMM Green. Photo: Courtesy of HMM

Seven-Member Regional Bloc Agrees to Boost Trade, Connectivity

The group signed six agreements, including on maritime transport cooperation to boost connectivity between South and Southeast Asia and disaster prevention.

Photo: Bloomberg

China Ship Sales Collapse as Industry Sweats Over U.S. Port Plan

Just four made-in-China bulkers — ships that ferry everything from coal to salt — were sold in the second-hand market in March.

Photo: Cameron Spencer / Getty Images via Bloomberg

Maersk Billionaires Offer to Take Over Svitzer, Valued at $1.3B

Svitzer was spun off from A.P. Moller-Maersk A/S about a year ago, and the shares had lost about 8% since the listing on Nasdaq Copenhagen before April 2.

Svitzer tug boats alongside at the Port of Southampton. Photo: iStock/DrewRawcliffe

Port of Houston 'Hit Hard' by Foggy Weather in February

Total tonnage at Port Houston was down 5% year-over-year in February, with an estimated 14 days in the month impacted by fog.

Photo: iStock / Art Wager

Shipowners Adjusting Contracts for U.S. Tax on China Vessels

The sector is already preparing for imminent additional risk, with new clauses that state companies hiring Chinese ships will bear the cost of any taxes.

Photo: iStock / HeliRy

CK Hutchison to Delay Signing Panama Ports Deal, Media Say

It’s the latest twist in one of the most geopolitically complicated deals ever for the 96-year-old business titan.

The Port of Balboa at the Pacific entrance of the Panama Canal. Photographer: Walter Hurtado/Bloomberg

Port and Rail Union Rejects Pay Deal from South Africa’s Transnet

UNTU is demanding a one-year deal with a 10% increase — in addition to housing and medical allowances — and declined to take the final offer from Transnet.

Photo: Guillem Sartorio/Bloomberg

HMM Grows Green Fleet with First Methanol Ship

The HMM Green arrived in Busan, South Korea on March 26, measuring nearly 900 feet long, with a 9,000 TEU capacity.

HMM's first methanol-powered container ship, the HMM Green. Photo: Courtesy of HMM

Dole Says Port Fees on Chinese Ships Would Hike Banana Prices

Because bananas are a low-profit margin food and cannot be grown in the U.S., the proposed fees would quickly — and noticeably — increase grocery store prices.

Dole bananas at a grocery store in Fairfax, Virginia. Photographer: Al Drago/Bloomberg

A.P. Moller-Maersk Extends Lease at Port of NY and New Jersey

The Elizabeth terminal handles more than 25% of the yearly container throughput in the port complex, and is the company's largest terminal on the East Coast.

Photo: iStock / Edgar Feliz

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