FINLAND – Technology groupW?rtsil?has delivered a navigation simulator and specific mathematical models to its fellow countrymen at the Satakunta University of Applied Sciences (SAMK) in the city of Rauma, Finland. These will be used as an essential enabler in the Intelligent Shipping Technology Test Laboratory (ISTLAB) project, which aims at creating a technically precise testing environment for ...
IMO Secretary-General stresses vital need to maintain commerce by sea and protect seafarers’ welfare in face of coronavirus shut down.IMO Secretary-General Kitack Lim has issued the following statement addressing the effect of the coronavirus pandemic on the shipping industry and the global supply chain.“The spread of the coronavirus has placed the entire world in an unprecedented situation. To sl...
The southern Port of Fuzhou in Fujian province has finished the build of two new berths within the Songxia port area.The works includes one 50,000-tonnes bulk cargo berth (available for vessels up to 100,000 tonnes) and one general cargo berth (available for vessel up to 20,000 tonnes). The annual cargo handling capacity of this project is 2.8 million tonnes, reported Seatrade Maritime News, Colch...
The coronavirus-driven fall in oil prices in recent weeks has all but eliminated the expected extra costs of this year’s new low-sulphur fuel rules for container lines and their customers, providing one piece of good news in an otherwise highly challenging period.A Logistics Executive Briefing this week by Drewry Supply Chain Advisors notes that the collapse of marine bunker prices “was a surprise...
Container freight rates on the major East-West trades are on the rise, but with first quarter volumes decimated and demand under threat as coronavirus shuts down Europe and the US, lines face an upward battle through 2020.A.P.Moller–Maersk(Maersk)suspended its guidance for 2020 on Friday (20 March), citing “material uncertainties and lack of visibility related to the global demand for container tr...
After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping sources said.“Sentiment remained softer today,” said one ship broker while pointing to another day of limited chartering activity.At least nine very large crud...
On March 16, the flight carrying anti-epidemic medical supplies donated by COSCO SHIPPING to the Liguria Region of Italy left for Italy from Shanghai Pudong International Airport. These medical supplies include 50,000 face masks and 200 medical protective suits, with a total value of 450,000 yuan.After the outbreak of COVID-19 in Europe, Italy faces a shortage of medical supplies and equipment. CO...
According to the announcement ofCSSC, on March 19, ChinaState ShipbuildingCorporation held a video conference of leading cadres, announcing adjustments to the main leaders ofDalian Shipbuilding Industry. The leading party group of China State Shipbuilding Corporation decided: 1.Liu Zheng ceased to serve as Chairman, Supervisor of the Board of Supervisors of China State ShipbuildingCorporation,Ch...
There are signs that shipping operations in China are returning to normal, according to figures from Lloyds List Intelligence, which show the number of container-related vessel calls at the major container hub of Shanghai and Yangshan have picked up and are again tracking figures seen this time last year.The figures, which record port calls by containerships, general cargo vessels with container c...
The idea of paperless documentation in container shipping is a least a decade away, according to the chief executive of digital documentation start-up Expedock.“Given that you need to get governments of countries that we import from, basically all the Southeast Asian countries, involved, how quickly do you think we can get them on an electronic bill of lading,” said King Alandy Dy.“We can expect t...
UK – As everyone in the logistics field understands, keeping the supply chain running is the essential element required to maintain some sort of normality in the face of the Covid-19 coronavirus threat. We are all likely to get as bored as was the case with coverage of Brexit but it is of course necessary to keep abreast of what is, after all, a very fluid situation.With things moving fast two of ...
On March 18, COSCO Shipping Energy Transportation issued an announcement saying that the company had issued 730 million shares of non-public stock and raised a total of approximately 5.1 billion yuan.COSCO Shipping Energy Transportation said that the funds raised will be used to purchase 14 new tankers and two 72000 ton Panamax tankers.COSCO Shipping Corporation is the indirect controlling shareho...
The throughput of major ports in China continued to increase last week as economic activities keep picking up pace, the China Ports and Harbours Association (CPHA) said on Wednesday.During the week from March 9 to 15, the throughput of key ports rose 1.1 percent from the previous week and port construction and passenger transport services, which were severely affected by the epidemic, have resumed...
1.The throughput of major ports in China continued to increase last week as economic activities keep picking up pace, the China Ports and Harbours Association (CPHA) said on Wednesday. 2.China is speeding up resumption of main projects in various regions, with governments at all levels rolling out supportive policies and regulations to recover work effectively. 3.Chinas iron ore futures rose on Ma...
China will temporarily lower the transportation costs for import and export enterprises, as part of efforts to fast-track work resumption and keep the foreign trade sector afloat amid the novel coronavirus outbreak.Port construction fees levied on importers and exporters will be waived from March 1 to June 30, said a circular jointly released by the Ministry of Finance and the Ministry of Transpor...
1.China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak. 2.Mediterranean Shipping Co. said it is puzzled by the presence of high-sulfur fuel oil (HSFO) on board the MSC Joanna during port calls at Jebel Ali last week. 3.On March 17, the contr...
1.Chinas business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the countrys broader economic resumption. 2.Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in Laibei lower uplift...
The prevention of affected patients from overseas epidemic areas, is the top priority of the current epidemic prevention and control work at the port. The epidemic prevention and control should be grasped carefully so that foreign crew members arriving at Chinese ports can better understand the knowledge of prevention and control of the novel coronavirus pneumonia. Seafarer Sub-Committee of China...
1.Privately-owned shipowner SITC International announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion. 2.Chinas southern coal import region of Xinsha in Guangdong province has issued verbal notices to local shipping agents and traders to restrict seaborne thermal coal arriving after March 16. 3.Costa Cruises announced on Friday it wi...
Ministry of Transport of the Peoples Republic of China has announced the following matters concerning the arrangements for crew shifts of Chinese-flagged international sailing vessels during the novel coronavirus pneumonia:1.Shipping companies shall promptly master the epidemic prevention and control measures for the ships arrival at the port during the novel coronavirus pneumonia, formulate the c...
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