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Editorial: Autonomous Docking

Chennai, 18 May 2022: The maritime sector is moving rapidly towards autonomous shipping due to the safety, efficiency, and environmental gains that autonomy delivers.  An Australian marine technology company, MAID (Marine Autonomous Intelligent Docking), has developed and patented intellectual property (“MAID IP”) on systems and methods that enable fully autonomous …

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Editorial: Escalating Power Demand

Chennai, 11 May 2022: India’s power ministry has asked states to place orders for importing coal so that the fuel could reach power plants from this month, as increasing coal shortage has led to an electricity crisis in various parts of the country. Despite soaring summer demand and lack of …

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Editorial: Happiness Plunges to a New Low

Port Wings, 4 May 2022: While the crew change crisis has fallen out of public view as the COVID-19 pandemic stabilized and recede, many of the same issues continue to weigh heavily on seafarers. The latest Seafarer Happiness Index revealed that job satisfaction and overall happiness among seafarers have declined …

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Port Wings Editorial: Geopolitical Tensions

Chennai, 27 April 2022: Tanker markets are being broadly impacted by uncertainties related to geopolitical developments. Aframax and Suezmax freight rates, the main vessels used to transport Black Sea flows, have been particularly affected, OPEC said in its latest monthly report. In monthly terms,  Aframax spot freight rates around the …

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Editorial: The Big Unwind

Chennai, 13 April 2022: Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing container-ship capacity and causing ocean spot rates to sink? Is this the beginning of “the big unwind”? Or does waning West Coast port congestion stem from temporarily lower exports out of China due …

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Editorial: Put To the Test Again

Chennai, 6 April 2022: The pandemic is not even over as the latest lockdowns in China illustrate, and the war in Ukraine is putting global supply chains through another test. Distortions in supply because of the destruction of war and disabled supply chains, sanctions, and voluntary self-sanctioning all hit trade. …

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Editorial: A New Wave of Inflation

Chennai, 30 March 2022: Federal Reserve Chairman Jerome Powell and his counterparts like European Central Bank board member Fabio Panetta have described inflation as “transitory” again and again, but that well-worn term is starting to sound almost as out of place as “fifteen days to slow the spread.” Maybe inflation …

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Editorial: No End in Sight

Chennai, 23 March 2022: In addition to many other supply chain disruptions, logistics professionals face another challenge—a serious shipping container shortage. Many existing containers are tied up in ports, storage facilities, and vessels worldwide. The shortage has been made worse by port congestion and rising demand. This is why the …

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Editorial: Geopolitical Chaos

Chennai, 16 March 2022: The Russian invasion of Ukraine, a geopolitical chaos is good for shipping demand. Trade patterns are disrupted and become less efficient. Cargo must travel longer distances. Rates rise. But Niels Rasmussen, chief analyst at shipping association BIMCO, believes Russia-Ukraine war will be bad for shipping demand. …

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Editorial: Sanctions Wreak Havoc

Chennai, 9 March 2022: In further evidence of the Russian-Ukraine war’s massive disruption to trade, data from FourKites shows transhipment dwell times have increased 43% across Europe since 17 February. Disruption has been mounting since troops began to mass on the Ukranian border last month, with export dwell times up …

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Editorial: Permeable to Cyber-Attacks

Chennai, 2 March 2022: Shippers can expect yet another hike in freight rates, along with fuel costs, surcharges and supply chain disruption, following Russia’s invasion of Ukraine. Forwarders said they expect further disruption, both in the war-affected areas and more widely. The war is likely to exacerbate global supply chain …

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Editorial: Complicity in the ‘Fraud’

Chennai, 23 Feb 2022: Investigating one of the biggest bank frauds, the CBI earlier this month registered a case against the insolvent ABG Shipyard Ltd. and its promoters and director for causing a loss of Rs 22,842 crores to a consortium of banks. Indian banks have lost around Rs 44,000 …

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Editorial: Six ‘Critical Pathways’

Port Wings, 16 Feb 2022: In a bid to deliver on aggressive commitments to more than 500,000 customers to remove greenhouse gas emissions from global trade by 2050, the World Shipping Council (WSC) have urged the International Maritime Organization (IMO) to draft much more ambitious rules for the industry in …

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Editorial: Waiting for a Silver Bullet

Chennai: The race to decarbonization is gathering pace, with a plethora of impending regulations presenting an opportunity to the industry to work towards a common denominator, but there is no room for complacency as more needs to be done to overcome the hurdles, industry experts said at a DNV webinar. …

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Editorial: At A Low Ebb

Chennai, 2 Feb 2022: Schedule reliability among the major container shipping lines hit a new low at the end of 2021 with the expectation being that with continuing port congestion there is unlikely to be a significant improvement. New data from Sea-Intelligence shows that containerships’ ability to maintain published schedules …

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