A marked reduction in passenger flights to China means that belly-hold space is in tight supply following the outbreak of the respiratory coronavirus, which has continued to claim more lives and rapidly infect more victims. Millions of Chinese in Wuhan and other cities have effectively been placed under regional quarantine, providing further impetus for shelving flights.Lufthansa Group suspended L...
VLCCThe market in the Middle East dropped further this week, with the deepening impact of the coronavirus outbreak on oil demand from China keeping activity low. Rates for 270,000mt to China fell 12.5 points to the low WS 40s, while 280,000mt to US Gulf (USG) via the Capes came down almost 15 per cent to WS 30. In the Atlantic, regional rates for 260,000mt West Africa to China reduced by 10 points...
FRANCE – WORLDWIDE – When it comes to decarbonising all modes of transport many consider the ultimate future will lie with the widespread use of hydrogen. Despite the currently high energy exchange costs of production, and the difficulties of storage, the maritime sector is taking a serious look at the gas as a fuel of the future as evidenced by the latest move of one of the worlds largest contain...
The first of SAS eight Airbus A350s, Ingegerd Viking, is to fly its inaugural flight, SK943, today from Copenhagen to Chicago. On each flight, a total of 300 travelers can look forward to a comfortable flight, including a cabin with new seat models and unique, customized SAS solutions. Showcasing innovative technologies and design, the new A350 offers a new and more sustainable way of traveling lo...
Kalmar, part of Cargotec, and Italys Medcenter Container Terminal (MCT), are celebrating the delivery of the terminals 200th straddle carrier. The two companies participated in a joint event on 15 January in recognition of their long-standing partnership. Located in the southern Italian port of Gioia Tauro, MCT is a megaport able to handle the largest vessels deployed on Asia-Mediterranean routes....
DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership. With effect from 23 January 2020, DP World will take a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining the majority shareholder. The parties have agreed not to disclose financial details of the transaction. Swisster...
The first parcel was shipped last week: Zalando, Europe’s leading online platform for fashion and lifestyle has partnered with the logistics company Fiege to operate the new fulfilment centre located in Nogarole Rocca near Verona in Italy. The 130,000 square metres large distribution centre will serve not only Italian customers, but also those in other Southern European markets, in particular Sout...
DB Schenker, the worlds leading global logistics provider, has entered a partnership with start-up accelerator Plug and Play. Since January 2020, DB Schenker is a so-called Anchor Partner in the field of “Supply Chain Logistics” at Plug and Play’s European Headquarters in Hamburg, Germany. As a result, DB Schenker receives access to an extensive network of innovation drivers, including tens of th...
The Freight Transport Association (FTA) says that a?ban on the sale in the UK of new petrol, diesel or hybrid vans and cars from 2035 will not be achievable unless the government takes urgent action to solve the challenges around power supply and the availability of electric vehicles.Responding to the news yesterday that a?ban on purchasing new petrol, diesel or hybrid cars and vans in the UK will...
The technology group W?rtsil? has been selected to provide the complete system design and full equipment scope for two new 9300 DWT self-discharging bulk carriers featuring hybrid propulsion. The ships will be the first of their kind to be fitted with a hybrid propulsion solution. They are being built for Norway’s Aasen Shipping at the Royal Bodewes shipyard in the Netherlands. The yard has also d...
Shanghai on Saturday proposed 28 comprehensive policies and measures, including tax preference, rent reduction, and financial assistance, to fight the novel coronavirus pneumonia (NCP) and support the stable and healthy development of enterprises.The measures were released at the 14th press conference of the citys NCP prevention and control team, according to a post by the Information Office of Sh...
This year’sChinese New Year(CNY) holidays have taken a deadly turn. Already 132 people are confirmed dead and thousands more in China and beyond have been infected by the outbreak of coronavirus which began in the city of Wuhan, in central China’s Hubei province, earlier this month.The impact on Chinese transport, industrial production and international trade looks set to be severe, causing tremor...
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has renewed and extended its global cargo handling agreements with the world’s largest air cargo handler, Worldwide Flight Services (WFS), with Frankfurt and Madrid joining six existing gateways in Europe, Asia and the United States.Having launched an all-encompassing transformation programme in 2018, Etihad Cargo has since witnes...
The China Ningbo Containerized Freight Index (NCFI) reported a relatively big drop in freight indices in the routes to the west coast of South America.The NCFI, a wind vane of China’s busiest port’s freight rates for the international container shipping market, stood at 938.2 points on Jan. 31, up 0.2 percent compared with last week.The sub-index for the route to the west coast of South America st...
Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, announced that its offices in North and South China have remained closed following the announcement by the Chinese government to extend the Chinese National New Year holidays in order to contain the spread of the virus.The shipping line said in a statement: In view of the current situation of the coronavirus outbreak, we are takin...
China will take further steps to control the new coronavirus-related pneumonia, and the disease will be put under management as an infectious disease in accordance with law, said the State Councils executive meeting chaired by Premier Li Keqiang on Monday.The meeting called for intensified inter-agency efforts to prevent the disease from further spreading.It was underlined at the meeting that dise...
Xie Feng, commissioner of the Ministry of Foreign Affairs of the Peoples Republic of China in the HKSAR, told Hong Kong-based diplomats on Friday that China is confident in containing the spread of the novel coronavirus. He called on international communities to pull together in the fight against the epidemic, and condemned discrimination against Chinese.Source:chinadailyThe opinions expressed her...
Pilots working for United Parcel Service (UPS) can opt out of flight assignments to and from China if they are concerned about contracting the new coronavirus, following an agreement between the Independent Pilots Association (IPA) and the US package delivery and logistics giant.UPS said pilots who inform the company that they aren’t comfortable flying China routes because of the coronavirus will ...
The Shanghai International Energy Exchange announced to temporarily suspend the nighttime trading of crude oil futures and natural rubber futures for the prevention and control of the novel coronavirus.China launched crude oil futures and natural rubber futures in March 2018 and in August 2019, respectively, and both futures are open to international investors.The continuous nighttime trading hour...
1.China MSA states that during epidemic prevention perid,if the ship certificate expires and the annual inspection cannot be completed on time, the application may be postponed, and the maritime administrations shall not impose administrative penalties. 2.A cruise ship that previously had three passengers infected with the novel coronavirus was put under quarantine after arriving in Hong Kong on W...
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