Shipping - Page 89

OSRA 2022 establishes additional requirements and prohibited conduct for ocean carriers.

“Sustained fleet growth will lead to highest shortfall of officers to crew the world's merchant fleet by 2027.”

LA port has processed more than 4.5mn TEUs in the first five months of 2022, equal to last year’s record-setting pace.

"We are appalled by continued mischaracterisation of the industry by U.S. govt representatives"

Launches Loginno Consulting headed by C.S. Anand, former CMA CGM, Hapag Lloyd and Meratus.

The partnership aims to decarbonize the U.S.-Asia trade route by 2030

"Nine shipping companies who ship from Asia to the United States have raised prices by as much as 1,000%."

There were savings of 5.90% (24 hours scenario) and 4.23%(12 hours scenario) in IMO study

Flexibags allow customers to fill 20' dry containers with up to 24,000 litres of non-hazardous liquid cargo.

This will replace about 10% of its total energy consumption which will reduce carbon footprints by 1100 tons per year.

Though still high compared to pre-Covid levels, there has been noticeable impact on rates & activities in asset markets.

Clogged bottle Shanghai will drain and vessels carrying pent-up cargo arriving at destinations will become problematic