Return to index-linked contracts an idea gaining traction with BCOs and forwarders

It’s time for the liner industry to ditch the flawed fixed tender process where “someone always loses” and revisit index-linked contracts.
In a webinar yesterday to reveal results of a survey of 80 senior executives, consisting of forwarders, BCOs and carriers, Freightos founder and chief executive Zvi Schreiber said there was considerable “frustration” with the traditional time-consuming method of tendering – not only from shippers, but also from carriers.
As a commodity, …

The post Return to...

https://theloadstar.com/return-to-index-linked-contracts-an-idea-gaining-traction-with-bcos-and-forwarders/

Mandatory shaft power reduction on all ships may be the way to hit IMO emissions target

Japan’s International Maritime Organization (IMO) delegation is set to call for a mandatory shaft power reduction on all ships to help meet its commitment to cut shipping emissions by 40% by 2030.
A proposal, seen by The Loadstar but not yet made public, entails retro-fitting engine power limitation (EPL) systems on all non-EEDI 3-certified vessels.
“[It is] a simple device which can easily limit engine power by adjusting a fuel index limiter …

The post Mandatory shaft power reduction on all...

https://theloadstar.com/mandatory-shaft-power-reduction-on-all-ships-may-be-the-way-to-hit-imo-emissions-target/

Eimskip – Royal Arctic Line cooperation approved

The Icelandic Competition Authority has today (April 17) approved exemption for the cooperation between Eimskip and Royal Arctic Line A/S, the national carrier of Greenland. The cooperation is subject to certain conditions made by the Icelandic Competition Authority.

As part of the cooperation, three 2,150 TEU container vessels are being built in China with expected delivery late 2019. Two vessel are being built for Eimskip and one for Royal Arctic Line. The vessels will be used in weekly...

https://container-news.com/eimskip-royal-arctic-line-cooperation-approved/

JIT shipping could cut surging fuel costs and boost schedule reliability

Just-in-time (JIT) vessel arrivals could answer two of container shipping’s most pressing problems: surging fuel costs and poor schedule reliability.
Vessel tracking specialist MarineTraffic is working with the IMO’s Global Industry Alliance (GIA) to slash the time containerships spend idling outside ports by implementing a “JIT sailing” concept.
Argyris Stasinakis, MarineTraffic’s partner for business development, said the industry could achieve massive fuel savings and improved supply chain...

https://theloadstar.com/jit-shipping-could-cut-surging-fuel-costs-and-boost-schedule-reliability/

EU passes Trump trade talks – France disapproves

THE European Union has warned Donald Trump trade talks with the US will be scrapped if he imposes new tariffs or refuses to withdraw existing steel and aluminium duties.

Negotiating directives approved by Brussels aim to eliminate duties for industrial goods and establish joint standards for the testing, inspection and certification of new products. Talks have been ongoing since an agreement was reached between the two sides last July as Brussels continues to hope the US President does not...

https://container-news.com/eu-approves-trade-talks-trump-france-disapproves/

The BDI@767: a pre-Easter Market “upturn”?

John Faraclas

The BDI@767: a pre-Easter Market “upturn”?

The BDI (Baltic Dry Index)gained a good 18 points earlier on today and slowly slowly begins to climb up from the very lows of the last two months… The Wets too are trying… Geopolitics look blur but nobody gives the pope attention until the boat sinks; John Faraclas’ brief recap:

The Capes’ BCI got a single digit plus – four points and now stand at 463 points… Long way to go until the loading situ after the Brazilian disaster is rectified…

The...

https://www.allaboutshipping.co.uk/2019/04/18/the-bdi767-a-pre-easter-market-upturn/

ABS with industry leaders to improve container ship safety

ABS and representatives from the Cargo Incident Notification System (CINS) form a joint industry project to develop best practices for carriage of dangerous goods

ABS and leaders representing the Cargo Incident Notification System (CINS) are teaming up to develop actionable recommendations to help mitigate risks posed from the stowage of dangerous goods on containerships.

ABS has been working with CINS members over the past six months to develop best stowage strategy guidelines. Following a...

https://container-news.com/abs-industry-leaders-improve-container-ship-safety/

WinGD enjoys strong first quarter

WinGD enjoys strong first quarter

A newbuild order spree of LNG carriers affirms the market leading position of WinGD’s XDF engines. WinGD is reporting a very solid order intake for the first quarter of 2020 for their low-pressure, dual-fuel two-stroke engines.

The maritime industry’s response to the call for tighter environmental regulations combined with the 2020 sulphur cap is steadily driving the industry towards dual fuel solutions.

A few recent high profile orders confirm that confidence in LNG as a marine fuel is growing...

https://container-news.com/wingd-enjoys-strong-first-quarter/

MSC orders Konecranes lift trucks

In three orders from December 2018 to February 2019, Mediterranean Shipping Company (MSC) requested a total of four reach stackers and four empty container handlers, all Smart Connected Lift Trucks, to be delivered in May. The trucks will be distributed across MSC South Africa centers in Durban on the east coast, in Cape Town on the west coast, and at a new operation in the central Gauteng region.   

According to a statement, as business continues to expand on the continent, South Africa must...

https://container-news.com/msc-orders-konecranes-lift-trucks/

Asia trusts container shipping of US soybeans

Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).

The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from 2 million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric...

https://container-news.com/asia-trusts-container-shipping-us-soybeans/