Port Agency

Image Credit: The Maritime Executive Repost: According to a report from the Australian Competition and Consumer Commission (ACCC), the COVID-19 pandemic, and other developments, have continued to cause significant congestion and delays in the container freight supply chain in Australia throughout 2021–22. The report cited three factors that have exacerbated …

Repost: A North Korea-flagged ship, Wol Bong San, previously accused of illegal transshipment, was spotted near the Busan Port and the authority identified nine GPS signals over three hours on October 25, 2021. However, the South Korean government was not aware it was a blacklisted ship until the annual parliamentary …

Repost: Indonesia’s state-owned port operator Pelindo wants to weed out criminal activities and corruption. Arif Suhartono, president director, has given clear indication that he has zero tolerance and he intends to provide a clean environment, good services and to reduce ships’ turnaround time at the port. He hopes to ultimately …

Image Credit: Seatrade Maritime News Repost: The Ocean Shipping Reform Act of 2022 (OSRA 22) includes a provision mandating the Federal Maritime Commission (FMC) to seek comments on whether congestion of the carriage of goods has created an emergency situation. OSRA 22 was signed into law in June this year …

Image Credit: Maritime Executive Repost: The marine cargo industry continues to be rocked by the global pandemic, supply chain issues, fluctuating rates, fuel costs, port congestion and the Russia/Ukraine war that has no immediate end in sight. When normalcy in the industry will return is anyone’s guess, but hopefully – …

Image credit: wordpressua.uark.edu They are our cranes at the port used for loading and unloading vessels A crane is a device operated manually or with motors for the vertical and horizontal movement of heavy loads. Its name goes all the way back to ancient Greece, named after a bird. Perfected …

Russia-Ukraine conflict set to worsen port congestions Last year, port congestions reduced cargo owners to charter or acquire their own vessels to ship goods due to equipment shortage. This time, we can expect the bottleneck to reach a whole new level – spurred by a cocktail of conflicts and COVID-19 …

A shift in cause is keeping world trade continuously under siege The industry battled the pandemic-induced congestions worldwide and the aftermath of inflation from supply shortage. As the world transits to an endemic phase, the Russia-Ukraine crisis is now wreaking havoc in the maritime industry. Trade imbalance turns nuclear It …

US$115 million investment funds injected to increase box handling capacity by 10 per cent In a bid to boost the republic’s trade, Gateway Terminals India (GTI) is injecting US$115 million worth of funds to redevelop APM Terminals in Mumbai’s infrastructure to take on larger vessels and process close to 73 …

The World Trade Organisation (WTO) may stand corrected in its predictions for normalcy this year Last October, WTO projected port congestions to ease this year. Unfortunately, the Omicron variant caused further trade bottlenecks worldwide from resumed border restrictions, and basically crushed every ounce of optimism in 2022. Uncertainty is the …