Despite the several disruptions that COVID-19 has brought upon the shipping industry, Ireland’s second largest port, Port of Cork continues its trade operations. In fact, port authorities confirmed that freight operations and arrivals still remain unaffected.
Following the ongoing COVID-19 outbreak, Chinese ports managed to slightly recover, as severe traffic congestion is easing, Reuters reported.
The Energy Information Administration recently issued its Annual Energy Outlook 2020 (AEO2020) highlighting that the total US dry gas production will continue growing until 2050, giving a boost to the US exports of natural gas to the shipping market globally.
Following the coronavirus outbreak, with several shipping companies skipping Chinese ports and many Chinese factories shutdown, trade market is passing a period of disruption. According to Bloomberg, physical supply chains are affected due to the above-mentioned situation.
The Indian Customs’ new Sea Cargo Manifest and Transhipment Regulations (SCMTR) will be implemented on 16 February 2020. The new regulation will bring changes in timelines and requirements for advance notice by vessels arriving in India and exports through ships out of India.
With the coronavirus spread causing shutdowns on several factories in China, the National Retail Federation (NFR) and the Hackett Associates issued their “Global Port Tracker” report, informing that imports at U.S. retail container ports are expected to experience a drop during February.
According to the U.S. Commerce Department, for the first time after almost six years the overall U.S. trade deficit narrowed during 2019. Namely, regions’ imports were fallen faster than the exports in the middle of protracted trade tensions.
The Global Port Tracker report by the National Retail Federation and Hackett Associates suggests that after a year of fluctuations driven by the uncertainty of the trade war with China, volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020.
According to Reuters, China’s monthly nickel ore imports from Indonesia marked a rise to a near six-year high in November, as buyers were in a rush to acquire as much ore as they could, towards the ban of Indonesia exports which will come into effect from this month.
Major US container ports saw an increase at volumes in November because retailers imported merchandise ahead of the new tariffs that will come into force in December, following US President Trump’s announcement that a deal between China and US will be achieved after finalize a new round of tariffs on consumer goods on December 15.
Port of Rotterdam achieves breakbulk growth in 201901/04/2020
Indian Ports declare Force Majeure due to the COVID-19 outbreak01/04/2020
24/7 support service for working seafarers and families01/04/2020
- Green Shipping
New Asian start-ups decarbonisation programme launched01/04/2020
NTSB investigation: Captain’s inexperience leads to collision01/04/2020
- Cyber Security
First solution fully compliant with latest cyber security rules01/04/2020
Key challenges amid COVID-19 from the operators' perspective01/04/2020
AIBN investigation: Lack of securing devices on hatch covers leads to crew's death01/04/2020
AIBN investigation: Exposure to lethal gas levels contributes to fisherman's death01/04/2020
New industry's 3D printing project launched01/04/2020