Nick Savvides

United Kingdom

Journalist and Writer at Freelance

News Editor at The Loadstar

Featured in: Favicon

theloadstar.com Favicon

zerohedge.com Favicon

freightwaves.com Favicon

gcaptain.com Favicon

lowyinstitute.org Favicon

cso.com.au Favicon

whatech.com Favicon

insurancetimes.co.uk Favicon

container-news.com Favicon

globalsecuritymag.com + 8 more

Articles

South Africa seeks return to container shipping

3 days ago | seatrade-maritime.com | Nick Savvides

Transport Minister Barbara Creecy announced on Monday 2 June that the government is in discussions with the Development Bank of South Africa (DBSA) in an effort to re-establish a dedicated liner service provider that will bolster the trading prospects of the country.
Container market volatility here for the long run

4 days ago | seatrade-maritime.com | Nick Savvides

Expectations of a rapid end to the uncertainty gripping container shipping and its shipper customers should be shelved with industry analysis of the future focusing on structural changes to the global landscape. According to Baroness Dambisa Moyo, an international economist and Conservative member of the UK’s House of Lords, shifts in capital flows, demographics, and political ideology will alter the long-term outlook for manufacturing and trade.
Container ship charter market maintains momentum

5 days ago | seatrade-maritime.com | Nick Savvides

Given the levels of uncertainty, ratcheted up by the US International Court of Trade’s outlawing of Donald Trump’s tariff wars, charterers remain unclear what lies on the horizon. There are definitely clouds on the horizon, but whether they are storm clouds or wispy cirrus with a silver lining remains to be seen, but that is no help to those wondering whether to ship freight to the US or wait to see if the dust settles.
US court tariff ruling cements volatility into shipping trades

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

The Court of International Trade has ordered the US President to halt sweeping tariff charges announced in April on so-called Liberation Day within 10 days of the ruling. Two separate groups, one of shippers and the other state governments, brought legal action against the government claiming that the statute invoked by Trump, the International Emergency Economic Powers Act (IEEPA), to justify the tariffs, was ruled unlawful.
Three dead in Odessa port missile strike

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

Three dock workers were killed and five injured in a Russian missile strike on the HHLA operated Container Terminal Odessa (CTO). The strike on the Odessa terminal on 23 May is one of the few attacks on the port since the start of the war. An HHLA statement said: “Despite extensive security measures at the terminal, three employees lost their lives. Five other CTO employees were injured in the attack.
Container shippers fear efforts to ‘talk market up’

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

Smaller liners such as CULines re-enter the Transpacific as volumes are rates are expected to surge while 145% China tariffs by the US are on hold. Shippers believe that efforts to raise rates will be bolstered by industry observers making big assumptions and ‘talking the market’ into achieving high spot rate costs on what is expected to be a demand spike on the Pacific trades.
US trade surge could trigger pandemic levels of port congestion

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

US ports are again coming into focus as cargo orders ramp up, following the 14 May pause in 145% import tariffs on Chinese goods. The reduction in tariffs from 145% to 30% on imports from China is expected to give rise to a wave of demand that could once again swamp US main ports and inland logistics.
Fears of US port congestion returns as carriers ramp up services

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

A massive surge in demand has seen carriers returning tonnage to US trades from Asia to meet the capacity needs but there are fears that port and inland infrastructure has not progressed since the dark days of the Covid era. According to the JOC’s Peter Tirschwell “US West Coast ports do not respond well to cargo surges,” and he warns that shippers should expect congestion and delays in the coming months.
Container shipping to brace for four-year rough ride

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

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
Repair yard association sets green agenda

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

Drydocks World, a subsidiary of Dubai’s DP World, announced with its four other co-founders the creation of the Global Green Shipyard Alliance (GGSA), which is targeting the “fast-track” adoption of sustainable technology and a unified approach to environmental operations in the industry.