Category Archives: Shipping

Maersk faces $180m claim for US shipper losses in legal row over contract

Posted on September 2, 2022 by | Leave a comment

A shipper consortium from New York claims Maersk failed to provide space the consortium had contracted for, and instead sold the space to others at higher spot prices. So the consortium members had to procure their slots on the spot market too.

The consortium, U Shippers Group, claims Maersk also offered their space to another shipping consortium, in violation of the contract. U Shippers believes the damage is over $180 million.

The contract with U Shippers had a volume incentive3 program (VIP), based on the number of containers shipped. Because space was not provided, U Shippers did not get credit for payments they would have received had the space been available.

It’s a nasty dispute. I suspect that this was a result of a local office of Maersk taking some liberties. The picture may not be totally clear, either; perhaps some of the shipments were a little iffy.

It will be interesting to follow up and see the FMC decision in the case. It won’t be settled for over 6 months.

By Nick Savvides 02/09/2022

Maersk faces $180m claim for US shipper losses in legal row over contract – The Loadstar

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Back to the future – TOWT to become ship owner-operator with growing cargo schooner fleet

Posted on August 30, 2022 by | 1 comment

ARe sailing cargo vessels the wave of the future? The French company TOWT thinks so.

Sailing cargo vessels reduce emissions by 90%. That’s a draw for some European shippers. But they also offer the ability to visit ports that don’t have deep channels, and they provide cargo space that is equivalent to around 100 containers. The cargo may also receive better handling than it would in a cargo slot on a megaship.

TOWT says they are targeting transatlantic routes for their runs, and they are building more vessels.

Others are experimenting with sail. Hyundai’s Hi-Rotor sail has obtained approval from the Korean Register to be used on ships.

By Charlie Bartlett, Technology Editor 30/08/2022

TOWT to become ship owner-operator with growing cargo schooner fleet – The Loadstar

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Plans primed to get more Ukrainian exports moving

Posted on August 29, 2022 by | 1 comment

Ukranian nationals can now work as seafarers abroad, to help relieve the shipping problems Ukraine has been seeing since the war with Russia started.

Russia and Ukraine have signed a Black Sea Grain Initiative which allows Ukranian goods to be shipped from three seaports in a safe corridor. Ukraine is a major exporter of wheat and other foodstuffs which are needed throughout the world. There’s a large inventory on hand from previous harvests. Fertilizer is also an export much needed in the rest of the world for agriculture. So far 44 ships carrying over 1 million tons have left through the seaports.

In a danger zone there is always a concern about seamen. Allowing Ukranians to serve as seamen will reduce the problem of finding crews for these vessels. Ukranian infrastructure minister Oleksandr Kubrakov said Ukraine is ready to increase volumes to 3 million tons a month to prevent global food shortages.

Sam ChambersAugust 29, 2022

Plans primed to get more Ukrainian exports moving – Splash247

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