WORLDWIDE – Airlines and airports are under some of the most severe financial pressure engendered by the current pandemic and so naturally are at the forefront of trying to find any technology either available, or in development, which will allow them to return to some sort of semblance of normality.The companies are casting their nets far and wide in an attempt to be prepared for the day that can...
1.Eight Chinese seafarers on fishing vessels may have been hijacked by pirates in Cotonou and Lome.2.Chaozhou Yatai Shipping has listed its 2012-built 76,000 dwt panamax bulker Ya Tai 3 for auction sale on Guangzhou Shipping Exchange.3.Cosco Shipping Development has announced that its subsidiary Cosco Shipping Leasing plans to apply for a RMB400m ($56m) credit facility from Bank of Beijing.4.Chine...
Chinas energy and chemical giant Sinopec has said it has put Chinas largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East.The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the companys front terminal, rear plant production mod...
A total of 91 vessels carrying 14.05 million mt of iron ore arrived at major Chinese ports during May 3-9, SMM estimates. This was up 1.21 million mt from the prior week, and up 1.72 million mt from the same period last year.For the same week, iron ore deliveries leaving Australian ports declined 2.08 million mt on the week to 15.6 million mt, some 520,000 mt higher than the same period last year....
1.Hu Wenming, former chairman of China Shipbuilding Industry Group,is currently under investigation.2.The Philippines fully supports the recognition of Filipino seafarers as “key workers” ensuring that ship crew changes can take place safely amid COVID-19 pandemic.3.The North Sumatra police have identified the seven people who died in a fire accident on the Jag Leela oil tanker at the port of Bela...
The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 522.03 points on Tuesday, down 1.57 percent compared with the previous working day.The statistical samples of TBI cover eight international bulk shipping routes arriving at the ports of Tianjin, Qingdao and Caofeidian.As a sub-index of the Tianjin Shipping Index, TBI is published ...
Sea Freight|Air Freight|Cross-border E-commerce LogisticsSea Win group was established in 2016, with headquarter in Hangzhou, China. We are formerly known as Zhejiang Sea-win Freight Forwarding Co.,Ltd. which was set up in 2001.Sea Win group is aimed to build a 360° service system with basis of providing international logistics solutions, for the purpose of offering better Value-added services to ...
The increase in global air cargo capacity – maindeck and belly – in the past few weeks, mainly to accommodate booming demand for shipments of personal protective equipment (PPE) to combat the coronavirus, has produced a swift knock-on effect on freight rates, according to German market intelligence specialist Tim Consult.“On many, many routes, the gap between the contracted rate levels in the pre-...
While air cargo volumes diminished rapidly in March, new data for April offers some hope that the decline may be ‘bottoming out’ in parallel with a possible stabilisation of the global economy. According to the latest industry intelligence from CLIVE Data Services, in April air freight volumes declined 39%, year-on-year. The data specialist added that “an even greater capacity drop of 45% highligh...
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash.
“From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak times. Perhaps less hopeful are the bunker suppliers, who must now supply bunker fuels at a fraction...
2020 is destined to be an extraordinary year. Although we have not gathered in the same metropolis, we have not stayed in luxury Star Hotels, we have not toasted in the magnificent banquet hall. However, global logistics people use their loyalty to the industry, their faith in the business, and their confidence in the future to span time zones and regions togather on the Cloud. Your hard diligence...
With logistics challenges mounting on land, at sea and in the skies, shippers are already coping with a perfect storm even as the risk of another ‘Hanjin’ grows, according to Rogier Spoel, policy manager for air freight at the European Shippers’ Council. Spoel told Lloyd’s Loading List the logistics landscape was currently being redrawn on a daily basis by the spread of coronavirus, forcing supply...
The COVID-19 crisis gripping Europe could erase nearly one-fifth of the value of the region’s road freight market in 2020 in a worst-case scenario, new research from Transport Intelligence (Ti) reveals, and a contraction of 4.8% now looks like a best-case scenario.Without the reopening of economies across Europe, the research indicates that the ‘Big 5’ European markets stand to lose the most, with...
Huanghua port,the tenth largest coastal port in China,plans to build another six wharfs to relieve capacity shortage and handling overload that have been plaguing the port for long.The six wharfs (with nine berths), with total investment reaching 5.25 billion yuan (739.1 million),are expected to add new handling capacity by 33 million tonnes per year,bringing total annual capacity of Huanghua port...
China’s crude oil imports rebounded in April from a month earlier on daily basis as refiners ramped up output amid a recovery in fuel demand with the impact of the coronavirus outbreak easing while crude prices crashed on slumping consumption elsewhere.Crude oil arrivals were 40.43 million tonnes last month according to a full data table released by the General Administration of Customs on Thursda...
--- OLO global members stay with you, fight against COVID-192020 is indeed a special year, there is no more bustling crowd and busy streets.All passersby wear the mask, while their eyes filled with guard and distance...The daily increased confirmed cases, and the expanding pamdemicmap, all these affect the hearts of people around the world.The situation of the global COVID-19 pandemic is severe. I...
FR|OT| RF Container丨BBK丨Custom Clearance丨TruckingTRANSWORLD SHIPPING is one of the largest NVO carriers in the International Trade Lane, and a brand name as a logistics and distribution full service provider. Founded in 1969 in Hamburg (Headquarters*) we have become a pacesetter in the International Trade Lane. As a leading operator, we have the capacity to meet our customer’s specific needs and o...
Counterparty risk has been increasing across the freight and shipping sectors since the start of coronavirus lockdowns. Worryingly then, the failure of UK government loan schemes to protect logistics companies could see the risk of bankruptcies peak in June just as economic activity picks up, according to the Freight Transport Association (FTA).It claims the government’s Coronavirus Business Inter...
UK – It seems the chance which banks had to claw back some of the credibility they lost when the sector suffered humiliation in 2007-8 is slipping away fast if the Freight Transport Association (FTA) is to be believed. Whilst the government has expressed a keen interest in backing loans given out to aid businesses through the tribulations spawned by Covid-19, the lenders themselves are apparently ...
South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday.Daewoo Shipbuilding Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs) to build eight ships in April, trailing far behind Chinese shipbuilders that bagged 730,000 CGTs in orders to build 38 vessels, according to London-based Clar...
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