CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA…
Nine ocean carrier majors and terminal operators signed on Tuesday issued a formal statement of intent for a Memorandum of Understanding (MOU) to form a blockchain consortium. The consortium, named the Global Shipping Business Network (GSBN) includes CMA CGM, Cosco Shipping Lines, Evergreen Marine, OOCL, and Yang Ming; terminal operators DP World, Hutchison Ports, PSA…
A total of 156 incidents of piracy and armed robbery against ships were reported to the ICC International Maritime Bureau’s Piracy Reporting Centre in the first nine months of 2018 compared to 121 for the same period in 2017, the IMB said in its latest quarterly report. The 2018 figures can be further broken down…
The Chairman, Seaports Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has said the Presidential Executive Order on Ease of Doing Business at the ports has not yielded meaningful results, as agencies continue to frustrate businesses at the nation’s gateway. Haastrup, who is also the Executive Vice Chairman/Chief Executive Officer, ENL Consortium, in an…