Doha-based Qatargas has set a benchmark with the delivery of the largest single cargo of LNG to the Marmara LNG Terminal in Turkey. zoomImage Courtesy: Qatargas The super-chilled LNG was delivered on board the Q-Flex LNG tanker Al Sheehaniya, which enters the record books as the first ever Q-Flex vessel to call at the recently expanded terminal. Featuring a 210,000 ...
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Shipping Industry’s Benefits from US-China Trade War
Escalating trade hostilities between the US and China spells bad news for the Transpacific container trade but should also result in higher volumes of intermediate goods, according to shipping consultancy Drewry. zoomIllustration; Source: Pixabay under CC0 Creative Commons license Potential losers in this trade war will be those countries that provide the raw materials and semi-finished goods to China that ...
Read More »Blockchain Consortium to Curb Dangerous Goods Misdeclaration
Maritime Blockchain Labs (MBL), founded by BLOC and the Lloyd’s Register Foundation (LRF), has established a consortium to explore the use of blockchain in tackling the significant risks and challenges associated with the declaration and handling of dangerous goods. zoomIllustration; Source: Pixabay under CC0 Creative Commons license The consortium would explore the use of digital tools for traceability of dangerous ...
Read More »MSC loses ‘C-TPAT’ status after $1bn drugs seizure
Box line says customers should only expect ‘minimal disruption’ brought by certification suspension, as it seeks to persuade US customs authorities to reinstate its low-risk status. Mediterranean Shipping Co has had a key US customs designation suspended after drugs valued at $1bn were seized on one of its vessels at the Port of Philadelphia. The US Attorney’s Office has described ...
Read More »Asia-Europe ocean freight prices fall further
Headhaul spot rates from Shanghai down 3-4%, week on week, and down 9-16%, year on year, and 36% down compared to two years ago. Asia-Europe headhaul spot freight rates continued to fall last week. Rates on Shanghai-Genoa dropped $32 to $1,537 per feu on 20 June, according to Drewry’s assessment of the World Container Index, while rates on Shanghai-Rotterdam slumped ...
Read More »US-China trade war may benefit shipping
Escalating economic hostilities between the two countries is bad news for the transpacific container trade but should result in higher volumes of intermediate goods, notes Drewry. The escalating US-China trade war may be bad news for the transpacific container trade but should result in higher volumes of intermediate goods as supply chains become more fragmented with the diversion of manufacturing ...
Read More »Logistics businesses struggling to fund Brexit preparations
With profit margins averaging only 2% in 2018, significant financial investment, especially when the international trading landscape post-Brexit is still to be determined, is very difficult to justify, FTA observes. Declining profit margins have left many logistics businesses struggling to fund their Brexit preparations, according to the 2019 Logistics Report. Launched by the Freight Transport Association (FTA) in association with Santander ...
Read More »Geodis receives 6th gold CSR rating from EcoVadis
Freight transport and logistics provider achieves the highest corporate social responsibility result since the group’s first assessment in 2009. Freight transport and logistics provider Geodis has received its 6th ‘Gold’ rating from EcoVadis, a multi-industry corporate social responsibility (CSR) platform that evaluates companies’ CSR performance on 21 topics grouped into four themes: environment, labour and human rights, ethics, and sustainable procurement. ...
Read More »Sealand opens new office in Chile
Sealand inaugurated its new office in Santiago, Chile on May 31st on the 7th floor of the same building that houses the overall Cluster Maersk organization. The building is located in a prime business area of Santiago and is close to the subway line, allowing easy access by collaborators and customers. The new location is 415 square meters and houses ...
Read More »India bans imports of solid plastic waste
The Government of India (Ministry of Environment, Forest and Climate Change) has prohibited the import of solid plastic waste into India. This was notified via a circular to the trade on March 7, 2019 and to be implemented with immediate effect. As per the information provided, complete prohibition has been imposed on import of solid plastic waste into the country ...
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