International freight transport insurer TT Club is seeking to draw attention to the life-threatening hazards caused by enclosed and confined spaces prevalent throughout the global supply chain. Toxic gases produced by some cargoes as well as leakages, residual fumigants and other causes of a reduced oxygen environment are the chief problems, with 60% of fatalities […]
World’s largest container ship, MSC MICHEL CAPPELLINI, named at 800-guest event in Bremerhaven
More than 800 guests gathered in late July in a custom-made tent at the MSC Gate Terminal in Bremerhaven to witness the naming ceremony of the latest edition to Mediterranean Shipping Company’s (MSC) fleet, MSC MICHEL CAPPELLINI, with the ship as backdrop. Prior to the naming ceremony, MSC signed a Memorandum of Understanding with the […]
Long-term container freight rates hit two-year low as overcapacity looms
Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 57.8% of their value since the same period in 2022. Xeneta’s real-time […]
First shore-based power for container ship at RST
Rotterdam Shortsea Terminals (RST) and shipping company Samskip, in partnership with the Port of Rotterdam Authority, have put into service a shore-based power installation, as yet in a trial phase. Starting from 2030, European regulations will mandate container ships larger than 5000GT to utilise shore-based power. Currently, there is no established standard for receiving shore-based […]