Plastic Scrap has a Shipping Problem

As of today (April 15), the world’s third largest shipping line, will no longer accept deliveries of scrap plastic on any of its ships. CMA CGM’s ban is a milestone in a global backlash against wealthy nations—especially the US—dumping plastic waste in China and Southeast Asia. China used to be the biggest destination for scrap plastic; in 1992, the […]

Big Claims Expected for RO/RO Vessel

The blaze on the 6,400 ceu Felicity Ace off the coast of Portugal’s Azores islands is finally easing. The Panama-flagged ship caught fire last Wednesday while on its way from Emden, Germany to Rhode Island, US. Two large tugs with firefighting equipment arrived on site yesterday and are spraying water onto the ship together with the patrol boat with […]

Container Shipping Market Meltdown

The “stratospheric” freight rates and shipping lines’ huge Q2 profits have been slammed by cargo owners, and a new report claims the carrier alliances are “suppressing” cargo. According to a market review by MDS Transmodal and the Global Shippers Forum (GSF), container traffic grew 4% in Q2, up 22% year on year, returning close to […]