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202010101604310222

Port congestion, the thorn in the side of liner shipping

With demand for the transport of commercial and packaged goods remaining consistently high, port congestion and disruption to supply chains are making headlines but also taking time to normalise. Extensive port congestion continued to cause multi-layered disruption in September and October. Typical of the situation in ports, Clarksons' Containership Port Congestion...

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Vietnam’s Ports Set New Records Amidst Container Surge

Despite disruption from lockdown measures over the summer, Vietnam’s seaports have handled in excess of 537 million tons of goods in the first nine months of the year - a three percent year-on-year rise, according to new data released by the Vietnam Maritime Administration. The country's containerized cargo is mostly handled through...

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Power crisis deepens in Asia and Europe: What it means to shipping

Another risk to container supply chain, but tailwind for commodity shipping There’s panic-buying of gasoline in the U.K. Natural gas prices in Europe and Asia are skyrocketing. Protests are breaking out across Europe due to spiking electricity bills. India and China are short of coal for utilities. Power is being rationed...

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Why do freight costs in Thessaloniki increase

Liner shipping companies are imposing extra charges for the transport of cargo to and from the port of Thessaloniki, citing delays in the service of their ships. In particular, the world's second largest liner shipping company, Mediterranean Shipping Company (MSC), has notified its customers in a note that it will apply...

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Why container arrivals at Piraeus decreased in August

Container handling rates at the port of Piraeus in August fell compared to the previous month, due to the season and the problems that are still disrupting the supply chain today. It is recalled that the country's largest port handled almost the same number of containers in the first half of...

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Chinese Port Logjam Threatens Christmas Shipping Rush

Industry executives say a backlog of ships on the water and an estimated 350,000 containers at docks will further rattle global supply chains deep into the year The latest obstacle hitting global shipping is likely to jolt trade flows for several more weeks and could delay shipments heading into the year-end...

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Greener shipping summit

The European Union has a difficult task ahead of it, as it seeks to address the key issue of reducing carbon emissions in the shipping industry. This was especially evident during the Greener Shipping Summit 2020, hosted online by Newsfront / Naftiliaki, closing the Posidonia Web Forums conference series, "It's...

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First remote inspection at a recognized Organization

In September,  EMSA completed for the first time the inspection process for a world-class classification society headquartered in Europe. The process lasted several days, with perfect cooperation from both sides. The European Commission and another Member State of the European Union took part in the inspection process. According to EMSA, all available digital technology...

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Visit of a delegation of the Ports Regulatory Authority to OLTH SA

OLTH SA. visited on Tuesday, September 22, 2020, a delegation of the Ports Regulatory Authority (RAL) headed by the President, Panagiotis - Iason Angelopoulos. In the meeting that took place in the Management Building of the company, participated the Executive Chairman of the Board. of OLTH SA, Athanasios Liagos, the Managing...

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RCEP: The largest free trade agreement in the world

Fifteen countries in the Asia-Pacific region signed yesterday what could become the largest free trade agreement in the world, covering almost a third of the world's population and about 30% of the world's gross domestic product. The Regional Comprehensive Economic Partnership (RCEP) will gradually lead to lower tariffs while aiming to...

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