CGR Arctic Marine has ordered an LNG bunkering vessel for possible deployment in southeast Asia and South America, according to company officials. CGR has entered into an agreement with China’s Wuzhou Shipbuilding and Merchant Ship Design & Research Institute (SDARI) to Source: http://www.tradewindsnews.com
Strong shippers understand the interconnection between service and price. Photo credit: Wikicommons. Tension between a shipper’s transportation and procurement departments is a natural occurrence, but the most effective shippers know how to overcome that to work on a united front with an understanding of how service, pricing, and data are integral to a strong supply chain, speakers said on a webinar Thursday. That synergy has been particularly difficult to establish…
Maersk has rolled out a third edition of its “OceanPro” accelerator, a digital interactive platform it unveiled in October 2018 to bring greater visibility through the supply chain. Photo credit: Shutterstock.com. Maersk is going all out to encourage more Indian technology startups to collaborate with its innovation in logistics solutions, as the country puts a heavier focus on digitization to meet growing shipper demand for greater visibility through the supply…
Australian shippers are taking a wait-and-see approach to a review by the country’s competition watchdog on whether to continue the class exemption for container shipping companies from competition laws. The head of the government panel says those exemptions are becoming “harder to justify.” Source: http://www.joc.com
NORWAY – WORLDWIDE – Anyone who has seen the detritus gathered around the corners of wharves and docks, or seen the miles of discarded nylon gill nets which can kill fish and other creatures as they drift the oceans, will welcome a new global project to prevent and reduce marine plastic litter from shipping and fisheries. It has been launched by the International Maritime Organization (IMO) together with the Food…
BBC’s chartering desk interacts constantly as they fit together solutions for feeding ships with freight and moving cargo around the globe. Photo credit: BBC Chartering/Lilian Kalmus. (The following is part two of a six-part series examining vessel chartering in the breakbulk sector.) Fitting the pieces together “We book the cargo and then figure out what ship will work for it,” said David Lloredo Calero, BBC Houston’s chartering manager for special…
WORLDWIDE – As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, maritime advisory, statistics and research group Drewry has published its first low-sulphur reference bunker index tracker. Drewry says that in recent months, both shippers and forwarders have expressed confusion and concern over the timing and transparency of the new charges being introduced by carriers as…
The Port of Montreal is expected to go ahead with construction of a fifth terminal, possibly beginning in 2020, after the Canada Infrastructure Bank committed financing Thursday. Photo credit: Shutterstock.com The Canada Infrastructure Bank on Wednesday said it will help finance a new Montreal container terminal to the tune of $300 million (US$230 million), helping ensure the facility, costing as much as $950 million (US$720 million), will move forward. The…
The double-digit spot rate hike on Asia-US this past week was due largely to the implementation of low-sulfur fuel surcharges. Carriers can take heart, for now, from their ability to make December’s interim LSFO surcharges stick as they prepare for permanent surcharges after the Jan. 1 implementation of IMO 2020. Source: http://www.joc.com
There is no shortage of ELD makers in the market as drivers grapple with a Dec. 16 mandate to switch from AOBRDs, so device makers face a challenge to differentiate themselves. Photo credit: Shutterstock.com. The increasing value placed on the permitted working hours of US truck drivers, driven largely through a 2017 mandate to use electronic logging device (ELDs) — which will tighten further in mid-December — is giving freight technology providers…