Shipping will not reach net zero without a carbon tax says industry report October 25, 2021 The global shipping sector is going in the wrong direction when it comes to net zero commitments, as it is currently at risk of registering a 20 per cent increase in its greenhouse gas emissions by 2050. According to a report from Maersk McKinney Moller Center for Zero Carbon Shipping, at the current pace only [...]
UK trade bodies rebel against ‘cartel-like’ shipping costs October 19, 2021 Make UK, the trade body representing UK manufacturers, has called on the Competition and Markets Authority (CMA) to open an investigation into the shipping sector’s “cartel-like practices” when it comes to the increase in prices. Writing a letter to the CMA alongside the British Chamber of Commerce (BCC), Make UK has said that the “increase [...]
Shapps echoes Sunak saying Christmas gifts will be available October 16, 2021 Transport secretary Grant Shapps has echoed Chancellor Rishi Sunak and said that Christmas gifts will be available despite the backlogs witnessed at UK ports. “People will be able to get things for Christmas,” he told Sky News. “When I talk to the ports they said it is a busy picture, but if you compared us [...]
The Christmas ship may have sailed warn delivery experts post Felixstowe bottleneck October 13, 2021 The Christmas ship might have already sailed, as Felixstowe’s massive bottleneck is causing container ships loaded with Christmas gifts to be redirected towards EU ports. According to home delivery company Parcelhero, the next two weeks will be critical for retailers as shipping companies are doing everything they can to allow warehouses to be fully-stocked in [...]
Maersk starts deviating cargo ships away from UK as containers can no longer be unloaded October 12, 2021 Maersk has started rerouting several of its container ships away from Felixstowe because of a backlog of containers in the UK. The Danish shipping giant said it plans to unload its ships elsewhere in Europe before using smaller vessels to finally get deliveries to the UK, according to the Financial Times. Lars Mikael Jensen, head [...]
Biggest shipping companies navigate plan for net-zero by 2050 October 6, 2021 The International Chamber of Shipping (ICS), which represent the world’s biggest shipping companies, has recently set out its plan to achieve net-zero CO2 emissions by 2050, doubling the current pledge of getting to 50 per cent less CO2 emissions. ICS members have also stated that the industry cannot reach such ambitious targets by itself but [...]
Ministry of Defence faces backlash after awarding contracts to foreign shipyards September 2, 2021 Backlash ensued after the Ministry of Defence (MoD) announced its latest decision to consider foreign firms in the race to build Royal Navy supply vessels. Yesterday marked a vital stage in the battle to secure a £1.5bn deal to deliver the ships the Royal Fleet Auxiliary need to support the Royal Navy. The MoD awarded [...]
Ever Given docks in Felixstowe after blocking Suez Canal August 3, 2021 Ever Given finally docked at the Port of Felixstowe on Tuesday after blocking the Suez Canal earlier this year. The ship was stuck for six days in the major shipping lane in Egypt, causing mass disruption to the global supply chains in April. Ever Given’s mooring at the Port of Felixstowe today has attracted dozens [...]
Shipping firm TMI announces $250m London float April 29, 2021 A shipping firm planning to specialise in smaller cargo vessels has this morning announced plans for a $250m (£180m) London listing. Taylor Maritime Investment (TMI) said it would use the proceeds from the float to buy a fleet of two dozen ships in the “handysize” and “supramax” classes. These types of vessel, which can carry [...]
Rapid build-up of tankers and laden vessels at blocked Suez Canal as alternatives are limited March 25, 2021 Overnight on Tuesday, the container Ship Ever Given ran aground in the southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating major delays for their Suez transit. As of this morning [...]