Tag: shipping industry

The Mediterranean Shipping Company, MSC, is developing its reefer container fleet and tries to look for new technologies to give a direct solution to the growing demand for fruit around the world. Kiwi fruit is on high demand across the globe, and most importantly with Chinese customers. 

Indonesia has set its goals on exporting the overall amount of 185 cargoes of liquefied natural gas from its Tangguh and Bontang LNG export projects during the year 2019. The aim is lower than the 2018's record of 203 cargoes, as reported by Reuters. 

According to Realogis, a real estate, consulting company, the Hamburg logistics market experienced a 9% increase, as all market participants amounted to 490.000 sqm, during year 2018, in comparison to 2017. This reflects the third-highest figure in the past five years, since in 2016 610.000 sqm were registered, whereas in 2015, 540.000 sqm registered. 

Because of the lack of locally owned vessels that operate in global waters, the sea time training for Nigerian seafarers has been negatively affected. Therefore, Vanguard reports that the Nigerian Federal Government has been charged by maritime experts to put forward policies in order to increase Nigeria's ship owning capacity.

The result of the ongoing trade talks between China and the US, seems doubtful that the levels of frontloading seen at the end of 2018 will continue into 2019, according to BIMCO. Were the negotiations to fail, it would increase the possibility of tariffs to be increased in March, affecting the container shipping industry.

According to the World Bank, the January 2019 edition 'Darkening Skies' focuses on the economic growth that has weakened, the trade tensions remain high, several developing economies have experienced financial stress, and risks to the outlook have increased. As the report stresses, emerging market and developing economies, EMDEs, face great challenges but are expected to remain flat in 2019.

In this video, IEA explains how the oil markets are changing. With developing economies now contesting for more demand, they will account for all of the growth in oil consumption by 2040 and over 80% in gas use. What is more, global oil production is continuing its increase fueled by the transport sectors and petrochemicals.

China is back in the market for U.S. soybeans after taking a holiday break, just as Washington and Beijing plan more trade discussions. China's interest occurred as trade officials from the two countries are scheduled to sit down in Beijing on 7-11 January, for the first face-to-face negotiation since President Donald Trump and his counterpart Xi Jinping agreed to a 90-day truce to their trade war last month.

Current and upcoming regulations, indicate that the industry is on the right path. However, new funds are necessary, as going green will cost, the consultancy firm highlighted. 2019 will be crucial and the sector will have a better picture of whether the necessary drydocking capacity exists.

Inland Waterways Authority of India (IWAI) will use methanol as a marine fuel retrofitting its work boats with engines that could run with the green fuel. Cochin Shipyard would retrofit the boats at its facility in Kolkata. The shipyard had recently formed a joint venture with the city-based Hooghly Dock & Port Engineers.