Shipping Market
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ICHCA : Paper on Seaborne Ammonium Nitrate Safety Published
Global cargo handling association ICHCA International (ICHCA) focusses on helping ships transporting ammonium nitrate to manage risks in a whitepaper detailing guidance for fire prevention and mitigation The risks posed by poor conditions of storage of this common compound, which is used extensively in the Fertilisers and Explosives industries, have…
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Harren Group completes the full takeover of Intermarine
The future of heavy-lift shipping is unfolding in an exciting new way. With a combined fleet of 50 vessels, Intermarine and SAL Heavy Lift enter the world as sister companies under one corporate roof and ownership. A greater service scope to clients and a larger footprint in the market is…
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How does demurrage, detention and port charges work..??
Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges.. International Trade and Costs When it comes to international trade, majority of the buyers and sellers use Incoterms to…
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What is RoRo (Roll on/off) ?
RoRo (Roll on/off), LoLo (Lift on/off), or via container carriers are the three principal modes of shipping to choose from when shipping bulk cargo across an ocean. What is break bulk cargo? Break bulk cargo is non-containerized and usually transported in individual pieces due to cargo often being over-sized and overweight. This means that freight…
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CMA CGM : BAF update – Algeria, Tunisia and Morocco Roro services
Following bunker prices evolution since the last surcharge adjustment, CMA CGM SSL Intra Europe will maintain its BAF as follows on its Roro South services connecting France with Algeria, Tunisia & Morocco (import & export): Effective December 1st, 2022: Cargo Algeria service Tunisia service Morocco service Roll, full EUR 1,132/unit…
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Container freight rates will hit bottom in mid-2023 according to HSBC
The bank updated its forecast a little over a month ago, in which it estimated that the decline would continue until 2024 The fall in container freight rates, now almost in free descent (-6% is the average drop in their value recorded this week by Drewry), will stop in the…
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Adapt or starve: COP27 spotlights agriculture challenges and solutions in the face of climate change
Small-scale farmers from developing countries produce one-third of the world’s food, yet they only receive 1.7 per cent of climate finance even as they are forced to cope with droughts, floods, cyclones and other disasters. This sentiment echoed through dozens of pavilions and conference rooms in Sharm el-Sheikh on Saturday…
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Ships sail from Ukraine despite Russia suspending grain deal
Yesterday’s caravan of 15 or more grain ships safely reached Bosphorus zone. On Nov 1 at least 3 ships left Ukrainian ports, including 2 ships operated by UAE-based companies, and 1 Turkish ship. it seems highly likely, that all the ships presently docked at Ukrainian ports (at least 13 AIS-visible),…