Despite all the reports that congestion is declining in many ports around the world as demand has softened, the major carriers have not been able to make significant gains in overall schedule reliability. The overall performance remains behind 2021 in spite of a decline in average delays. Analysts are beginning to believe that the industry … Read more
Major ports in Europe are grappling with warehousing and storage capacity crises due to Russia and Ukraine cargo pile-up, a situation that has disrupted container shipping operations and thrown global value chains into disarray, the UN Conference on Trade and Development (UNCTAD) has said. UNCTAD, in an assessment of the war in Ukraine and its … Read more
MPC Container Ships is working with the North Sea Container Line to launch the first green corridor along the North Sea with the deployment of Norway’s first methanol-powered containerships. The companies plan to launch the vessels in the second half of 2024 and expect that they can cut net CO2 emissions by 45 percent and … Read more