OOCL plans to begin the switch to low-sulphur fuel for its fleet of around 100 container vessels during the second half of next year, in readiness for compliance with IMO 2020.
Unlike some of its peers, the carrier has made no reference to scrubber technology that would enable vessels to continue to burn cheaper heavy fuel oil (HFO) from 1 January 2020 when the 0.5% sulphur cap becomes law.
The Cosco subsidiary said it ...
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Booming intra-Asia trades stand to benefit the most from a lengthy US-China trade war.
But low freight rates, overcapacity and poor schedule reliability is putting pressure on shipping lines operating in what is the world’s biggest container market.
According to Philip Damas, head of Drewry Supply Chain Advisors, intra-Asia works “on different dynamics” to the major east-west trades.
“There’s still a huge amount of competition there, where there’s no shortage of capacity and rates are ...
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Ecuadorian forwarders are fighting back against a “major trade risk” presented by what they call the “monopolisation” of the shipping sector, and unregulated container detention fees.
Speaking to The Loadstar at Fiata’s World Congress, president of Latin American forwarding association Alacat, Galo Molina Aguilar, claimed shippers were being “taken advantage of”.
“Not only are the carriers taking advantage of shippers by collecting fees for the detention of containers, they are failing to invoice separately ...
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Co-op’s chief commercial officer Michael Fletcher believes supply chains could experience a “David Attenborough” moment in the near future. Referencing the veteran presenter’s impact on reducing plastics use, Mr Fletcher says the treatment of supply chain workers could shortly come under more intense focus. In particular, he highlights the disparity between “fair pricing” for farmers’ crops and their market prices. Quoted on Edie.net, Mr Fletcher suggests it will be a ...
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MSC has announced it will fit some 50,000 of its dry containers with smart technology over the next few months.
While the deployment of smart technology on reefer containers has become increasingly prevalent over the past few years, this represents the first time a container shipping line has committed to equipping dry containers.
The carrier said the technology would be provided by Traxens, the French container tracking start-up that has received investment ...
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US-bound imports are on course for record high levels. Logistics Trends and Insights, citing Port Tracker, predicts that, between September and December, imports will grow 2.3% to 4.3% year on year. With ocean imports normally slowing after the September and October peaks, the 4% growth expected in December marks a significant upturn – especially considering the current tariff stand-off between China and the US. Port Tracker suggests this growth may be linked to the ...
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Debt-laden HNA Group’s efforts to shift air cargo handler Swissport from its books appear to have moved forward. Bloomberg, citing “people familiar” with the matter, claims Canadian asset manager Brookfield has emerged as the preferred bidder. Should the deal go ahead, Bloomberg says, this would be the Chinese conglomerate’s biggest disposal since unloading Hilton Worldwide in April. Alongside handling services, Swissport also provides ticketing, cabin cleaning and aircraft maintenance. The ...
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Hapag Lloyd and it’s the Alliance partner Ocean Network Express (ONE) have agreed to operate feeder services around the world together.
Under the terms of a “bilateral strategic feeder network cooperation agreement”, the lines will share space on their respective feeder vessels.
It began with the joint launch of the Bohai Express service in August and is to be extended to the intra-Europe trade this month with the launch of the North Sea ...
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The Shanghai Containerized Freight Index (SCFI), published today after a break for the Chinese Golden Week holiday, reveals a sharp contrast in fortunes for the major carriers.
The decision by Asia-North Europe carriers to blank or suspend 11 headhaul voyages this month appears to have halted the slide in spot rates on the route, the SCFI component virtually unchanged at $731 per teu.
However, if the 2M Alliance reactivates its AE2/Swan loop earlier ...
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Events have overtaken me this week. I began this column with the following:
“The recent appointment of Serge Corbel as the new chief financial officer of CEVA Logistics fuelled speculation that CMA CGM might be ready to snap up the freight forwarding and contract logistics specialist in which the French carrier already owns a near-25% stake.
“What could be going on behind the scenes is just as important as trying to understand ...
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Liege Airport and AirBridgeCargo Airlines have signed a historic lease agreement for 10 years. This arrangement will bring the scale of cooperation between two companies to the next level of development, boosting air cargo volumes of ABC to/from the airport and placing Liege Airport among the top 5 cargo airports in Europe by 2020.
