Catch up on the latest developments and announcements from FPS Group


9:16pm 29th November 2022
'Vessel orderbook won't overbalance the market', claims Cosco GM

Cosco Shipping Holdings deputy GM Chen Shuai has sought to calm concerns that the overcapacity seen after the 2008 global financial crisis could be repeated, thanks to the huge number of newbuildings ...

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9:47pm 27th November 2022
Zhonggu to target containerised dry bulk to fill fleet of new box ships

Zhonggu Logistics, China’s largest coastal liner operator, wants to attract more containerised dry bulk cargo to boost revenue, as it begins taking ...

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9:32pm 24th November 2022
Europe's feeder operators feel the pressure as volumes from Asia decline

The knock-on effect from blanked sailings from Asia has significantly reduced the need for feeder services across North Europe.The skipped main line c...

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9:26pm 22nd November 2022
Australia's FWC vetoes Svitzer tugboat lockout to avoid economic damage

Following intense political pressure and intervention from Australia’s Fair Work Commission (FWC), Svitzer’s planned lockout of its tugboat crews ...

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10:00pm 20th November 2022
Low ocean shipping rates here to stay as overcapacity looms

Carrier expectations of a rule-enforced ship-scrapping bonanza – and capacity reduction of around 10% – are “overblown”, according to consulta...

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10:58pm 17th November 2022
Liverpool strike cancelled with union and employers close to deal

The latest round of strike action at the Peel Ports-operated Liverpool docks has been postponed after the two sides reached “a basic level of agreem...

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9:36pm 15th November 2022
COP27: Infrastructure worries hang over Atlantic

The UK has signed up to a ‘green corridors’ agreement alongside Norway, the Netherlands and the United States to bring about zero-emission shippin...

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9:42pm 14th November 2022
Carrier anger at plan to revise terminal access charges in Australia

Proposed changes to terminal access charges in Australia have met with stinging criticism from shipping interests who condemned it as “a truly awful...

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9:21pm 10th November 2022
China joins supply chain shift and wants its hi-tech firms to invest in Vietnam

The shift of Chinese manufacturing to Vietnam is set to “accelerate” after a high level meeting in Beijing.Vietnam’s general party secretary Ngu...

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9:15pm 8th November 2022
Port Houston to implement fees for long-dwelling containers

Charges designed to reduce number of containers sitting idle at 2 terminalsPort Houston recently approved enacting fees on long-dwelling containers, a...

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