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Cargo Indutry Updates: Freight-cost pain intensifies as pandemic rocks ocean shipping

Synopsis India was also caught up in the freight-rate issue, but its export lobby group said that the container shortage has eased to some extent on the country’s west coast after the government intervened. iStock With business already pummeled by the pandemic, the logistical issues may be too much for some firms. Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs. Trade associations in China have raised antitrust concerns with the government, while similar pressure is simmering in Brussels, where the European Shippers’ Council petitioned the European Commission to address “outrageous price hikes” by cargo carriers. In Washington, the biggest lobbying group for retailers wants authorities to scrutinize the playing field.

MAN to supply engines for Hapag-Lloyd s LNG-powered newbuilds

Posted: 3 months ago The first engine delivery is scheduled for May 2022. Korean shipyard, Daewoo Shipbuilding & Marine Engineering, will build the vessels with delivery expected from April through December 2023. “With the investment in six ultra large container vessels we will not only be able to reduce slot costs and improve our competitiveness on the Europe – Far East trade, but also take a significant step forward in modernizing our fleet. Additionally we will further reduce our environmental impact,” Rolf Habben Jansen, CEO of Hapag-Lloyd said commenting on the order. The newbuildings will be deployed on the Europe – Far East routes as part of THE Alliance and will significantly increase Hapag-Lloyd´s competitiveness in this trade. The engines will operate on LNG, but have sufficient tank capacity to operate alternatively on conventional fuel.

Die Manager des Jahres 2020: Gewonnen, verloren, gescheitert - Wirtschaft

Die Manager des Jahres 2020: Gewonnen, verloren, gescheitert - Wirtschaft
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