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ONE, Hapag-Lloyd collaborate on feeder trades

ONE and Hapag-Lloyd have established a Bilateral Strategic Feeder Network Cooperation Agreement, joining forces on feeder services. This agreement has already started on the first trades. Initially, the cooperation will cover specific Intra-Europe and Intra-Asia feeder trade lanes.

European Shippers disapprove mechanism of surcharges ahead 2020

European Shippers’ Council (ESC) announced it disapproves the mechanism of surcharges that shipping liners launch to cover the higher rate of lower sulphur fuel, calling for a dialogue with container liners, like Maersk, MSC and CMA CGM, to find the best mechanism to share the costs.

Drewry: Multipurpose shipping’s potential is improving

Growth in renewable energy generation around the world and a construction increase in South East Asia that is expected to run for the next 10 years is a good sign for the once problematic multipurpose shipping fleet. Multipurpose vessels benefit from the growth in demand for both breakbulk and project cargo.

Marshall Islands confirms no Class certificate surcharge

International Registries, Inc. and its affiliates (IRI) announced that the Republic of the Marshall Islands (RMI) Registry will not follow competitors by levying surcharges and commissions on vessel documents and certificates issued on its behalf by the Classification Societies.

A series of infographics highlights economic value of UK ports

The British Ports Association produced a series of infographics highlighting the importance of ports to the UK’s economy.The figures show that collectively the industry employs 101,000 people, handles almost 500m tonnes of freight and contributes £7.6bn to the economy.

USCG outlines new Maritime Commerce Strategy

USCG 8th District announced the Maritime Commerce Strategic Outlook, outlining a long term vision to support and grow maritime commerce in the US. The 8th District was chosen for being at the center of USCG operations in the Western Rivers, which are critical maritime arteries.

BIMCO: Iran the top importer of US soya beans

According to BIMCO Iran emerged as the number one buyer of US soya beans. Namely, during August 2018, 414,000 tonnes, an amount that equals five Panamax loads of soya beans were shipped to Iran. This amounts to 13.2% of total US soya bean exports in August.

TT Club: How to select suppliers and subcontractors

As in a global supply chain it is not possible to retain control over every aspect of the transaction, TT Club suggests ways to better selecting suppliers and subcontractors. The Club says that in this procedure, due diligence is vital to ensure those to whom you entrust certain responsibilities.

Woodmac: Ensco, Rowan merger ‘no surprise’ amid drillers consolidation

Commenting on the news that offshore drilling company Ensco will acquire Rowan in a $2.38 billion deal, Leslie Cook, principal analyst, Wood Mackenzie, noted that this ‘comes as no surprise’, as it is in line with a trend of consolidation among drillers over the last two years as ‘a paramount to a recovery’.

EU grants €21.4 million for Tallinn-Helsinki maritime link upgrade

The EU has approved a EUR 21.4 million funding for infrastructure upgrade at the Estonian port of Tallinn and Finnish port of Helsinki, together with the City of Helsinki and the passenger ship operators Tallink, Viking Line and Eckerö Line. The total cost of the planned investments is EUR 71.2 million.

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