Nick Savvides

United Kingdom

Journalist and Writer at Freelance

News Editor at The Loadstar

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Articles

Trade heads into a gathering storm

1 week ago | seatrade-maritime.com | Nick Savvides

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Emissions at record highs, but IMO short of GHG targets

1 week ago | seanews.co.uk | Nick Savvides

Red Sea diversions have had a major impact on maritime emissions, pushing pollution to record highs according to the latest data released today by digital analyst Xeneta and its collaborator Marine Benchmark. In 2024 global container emissions increased 14% to 240.6 million tonnes, comfortably surpassing the previous record of 218.5 million tonnes of greenhouse gas emissions (GHG) in 2021.
Rising economic temperature hits Pacific trade

1 week ago | seatrade-maritime.com | Nick Savvides

Tariffs imposed by Donald Trump’s US administration are having a rapid and negative effect on the market. According to Linerlytica’s latest weekly report, Pacific booked cargo for the coming three weeks is down 30-60% from China and a further 10-20% from the rest of Asia. “The Labour Day holidays will further dampen cargo demand in May, and could force carriers to cancel additional sailings over the coming weeks in order to stop further freight rate erosion,” it said.
Expanded Unifeeder links markets in evolving global economy

1 week ago | seatrade-maritime.com | Nick Savvides

Global CEO of DP World Marine Genash Raj speaks to Seatrade Maritime News about tariffs, market integration, and the company's expansion plans. Restructuring of global trade has been accelerated by Donald Trump’s latest US tariffs, but in truth the spread of supply chains had begun even before the first wave of tariffs were introduced in 2018-19.
MEPC fails to incentivise scaling of alternative fuels

1 week ago | seatrade-maritime.com | Nick Savvides

A new global regulation is in place but Non-Government Organisations (NGOs) believe that the latest move by IMO at MEPC 83 is not likely to incentivise alternative transitional fuels but will more likely drive production of damaging biofuels from soy and palm oil.
Analysts surprised by rate rise, but tariffs are a drag

1 week ago | seatrade-maritime.com | Nick Savvides

Uncertainty generated by the rapid on-off tariff regime in the US had analysts expecting the falling trend in rates to continue, particularly on the Pacific, instead Drewry’s composite WCI showed a 3% boost, driven, by the Pacific headhaul trade, according to Drewry analyst Simon Heaney.
India rescinds Bangladeshi transhipment facility

2 weeks ago | seatrade-maritime.com | Nick Savvides

Covid-era transhipment arrangement axed in apparent retaliation for comments made during China trip. In an apparent retaliation to comments by a Bangladesh government advisor, Delhi has revoked an order that allowed India’s eastern neighbour's cargo to be transhipped to third countries.
Trump’s U-Turn opens a window of opportunity

2 weeks ago | seatrade-maritime.com | Nick Savvides

President Trump’s volte-face on trade tariffs has opened a window of opportunity for US importers to bring in freight over the following three months, with a significantly lower tariff of ‘just’ 10%. The announcement followed a week defined by Trump's global tariff announcements on 2 April which led to escalating tariff announcements between the US and China, and turmoil on global stock markets.
Vessel operator uses low-cost tech to slash operational costs

2 weeks ago | seanews.co.uk | Nick Savvides

Norwegian vessel operator Odfjell has sliced a 53% chunk from its operational costs for its fleet of 70 chemical tankers by developing a programme of retrofitting energy saving devices and implementing operational mitigation such as weather routing and fleet management.
Has China caught Trump sleeping?

2 weeks ago | seatrade-maritime.com | Nick Savvides

Patient Chinese authorities have been planning for the eventuality of the US extending its trade war for some years, putting Beijing in a strong position to wait out the storm that is currently engulfing the Trump administration. During Donald Trump’s first term China managed the imposed tariff regime by shifting some production to other jurisdictions, including Vietnam, Cambodia and Mexico among others.