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Editorial: Great Vaccine Divide

Port Wings, 20 Oct: The global recovery continues amid increasing uncertainty, more complex policy trade-offs, but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full …

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Editorial: Weak Link in the Chain

Chennai, 13 Oct 2021: The COVID-19 pandemic will continue to undermine global and regional supply chains – and the world’s economy – unless vaccine access is boosted in developing countries given that production systems are interconnected. This was the message from various speakers at UNCTAD’s 15th quadrennial conference (UNCTAD15) on …

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Editorial: The Elevated Cost

Chennai, 6 Oct 2021: The detailed project report for the long-pending Port-Maduravoyal expressway project will be completed within three months, the state highway department said recently. The elevated corridor which was started in 2008 was a non-starter for several years. It started with a bang during the DMK regime but …

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Editorial: No Silver Bullet to Decarbonization

Chennai, 29 Sept 2021: The Getting to Zero Coalition has released a new manifesto in advance of the COP26 conference, the global climate gathering that will be held in Glasgow this November. Its call to action is signed by some of the biggest names in shipping, and it lays out …

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Editorial: Pain in the Neck

Chennai, 22 Sept 2021: Further delays in Brexit border controls are proving a “pain in the neck” for customs brokers contending with “an unnavigable” path towards a new EU-UK relationship. Following news that the UK government will further delay implementation of export health certificates, phytosanitary certificates and safety and security …

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Editorial: Ship Owners Take a Break

Chennai, 15 Sept 2021: Activity in the newbuilding and S&P markets has been rather dull during the past week, as the summer lull is gradually coming to an end. Additionally, asset valuations have increased considerably over the course of the past few weeks, with the market needing some time to …

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Editorial: Race for Broadband in Space

Chennai, 1 Sept: There are at least four well-funded companies focused on competing to supply broadband from space in low-earth orbits. The market for these services is vast, but it particularly benefits shipping, as providers say they can offer seamless connectivity around the globe. Richard Branson’s Virgin Orbit, Elon Musk’s …

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Editorial: The Knock-On Effects

Chennai, 25 August: From Shanghai to Hong Kong to Xiamen, ships are in long queues to unload – and the diversions from Ningbo will be making this worse. The US west coast is also seeing bad congestion, with many ships anchored in California’s San Pedro Bay, awaiting access to the …

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Editorial: Skyrocketing Shipping Rates

Chennai, 18 Aug 2021: Increasing shipping container supply is tricky while the factories that manufacture them – and their suppliers– are affected by widespread lockdowns. Shipping companies are anyway reluctant to order more containers, given that that the problem isn’t so much with supply — it’s more that the world’s …

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Editorial: Chicken and Egg Scenario

Chennai, 11 August 2021: There are a number of examples of ports collaborating with multiple stakeholders to help de-risk projects to help meet 2050 ambitions. Shipping produces about 2.9% of the world’s man-made emissions of carbon dioxide, according to a report by the International Maritime Organization (IMO) in 2020. The …

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Editorial: Serious Dearth of Officers

Chennai, 4 August 2021: The global shipping industry is facing a potentially serious shortage of officers by 2026, according to a five-year assessment contained in a new report from BIMCO and the International Chamber of Shipping. The trade group and union predicted that with continued industry growth there will be …

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Editorial: Global Trade Roars Back

Chennai, 28 July 2021: Globalization is back with such a vengeance that the shipping lines are struggling to keep up, sending freight rates to astronomic levels. The onset of the pandemic early last year slashed trade volumes and highlighted the vulnerability of the extended supply chains that are the hallmark …

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Editorial: Sops to Indian Shipping Liners

Chennai, 21 July 2021: In order to address the cost disadvantage suffered by Indian flag ships, Finance Minister Nirmala Sitharaman has in her Union Budget for 2021-22 speech had announced a scheme providing Rs 1,624 crore over five years to promote flagging of merchant ships in India by providing subsidy …

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Editorial: A Can-Do Approach

Port Wings, 14 July 2021: As the policies are developed, it is important we communicate our position of environmental strength. Moving cargo by water is the most carbon-efficient form of transportation. Logic dictates a shift from other forms of transportation to waterborne will reduce carbon emissions. This represents an opportunity …

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Editorial: A Surge in Freight Rates

Chennai, 7 July 2021: At the start of the coronavirus disease of 2019 (COVID-19) pandemic, expectations were that seaborne trade, including containerized trade, would experience a strong downturn. However, changes in consumption and shopping patterns triggered by the pandemic, including a surge in electronic commerce, as well as lockdown measures, …

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