Overseas News Summary, Week 33

From: E-PORTS Category: Industry 15/Aug/2019

On August 12, Splash 247 reported that Evergreen has told clients that any omission, concealment or misdeclaration of hazardous cargoes that it finds will result in fines of $35,000 per container. A host of other carriers have also issued warnings to clients this month of fines for misdeclared cargoes.

Read more: https://splash247.com/evergreen-levies-35000-per-container-fine-for-misdeclared-hazardous-cargo/ 


On August 12, Hellenic Shipping News reported that China’s coastal bulk freight market saw an overall decline in demand in July, with the composite index for coastal bulk freight dropping 6 percent month on month to 977.26.

Read more:  https://www.hellenicshippingnews.com/shanghai-tops-ranking-of-worlds-best-connected-ports/


On August 15, Seatrade Maritime News reported that COSCO, the operator of Greece’s Piraeus Port Authority (PPA), plans to build a fourth container pier, expanding the port’s capacity to over 10m teu and making it comparable to the biggest Northern European ports.

Read more: https://www.seatrade-maritime.com/news/europe/cosco-plans-new-pier-to-expand-piraeus-capacity-to-over-10m-teu/