(Destatis)In 2018, the volume of goods transported on inland waterways decreased by 11.1% compared with the previous year. The Federal Statistical Office reports that a total of 198.0 million tonnes of goods were transported on German inland waterways. In 2017, the relevant volume of freight was 222.7 million tonnes.
(hellenicshippingnews) Predicting the future course of the dry bulk market has proven to be more than difficult these days, with most estimates falling way off the mark given the unpredictability of freight rates and the effect of one-off events, like the recent Vale accident, which took out of the market a major part of dry bulk cargoes.
(maritime-executive) Italy's government is headed squarely for a deal with China on direct investment in as many as four major seaports, explicitly endorsing Beijing's "belt and road" economic development program.
(logisticsmgmt) February shipments, at 909,947, fell 4.5% annually, with containerized freight handled shipments down 4%. What’s more, this decline follows an aggregate increase of 5.5% over the previous three months.
(hellenicshippingnews) More ports around the world are banning ships from using a fuel cleaning system that pumps waste water into the sea, one of the cheapest options for meeting new environmental shipping rules.
The South Carolina Ports Authority (SCPA) has announced that it will receive US$138 million in funding from President Trump’s Fiscal Year 2020 Budget for its 52-foot Charleston Harbour Deepening Project.
(Destatis) In Germany, labour costs per hour worked rose a calendar adjusted 2.3% in 2018 compared with a year earlier. The Federal Statistical Office (Destatis) also reports that the costs of gross earnings increased by 2.4%, while non-wage costs were up 2.0%.
(maritime-executive) Australia's coal exports to China could face a continued slowdown as Chinese authorities step up their campaign to reduce air pollution, but the Australian government remains confident of the nation's mining future.
(worldmaritimenews) Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals.
(hellenicshippingnews) Beijing’s movers and shakers are meeting for the so-called “two sessions” this week, where they will discuss things like trade wars and economic development. The first order of business for the market: a new GDP target range that puts guidance as low as 6% to as high as 6.5%.
The Jacksonville Port Authority (Jaxport) Board of Directors has unanimously approved a long-term agreement with terminal operator SSA Marine for the development and operation of a new $238.7 million international container terminal at the port's Blount Island Marine Terminal.
The Transportation Institute, a maritime association that promotes the Jones Act in the U.S., has published details of a PwC report that demonstrates a 30 percent increase in domestic maritime job creation enabled by the Jones Act. The industry now employs nearly 650,0000 Americans across 50 states and contributes $154 billion to the nation’s economic growth annually.
For more than 100 years, the Panama Canal has improved global commerce, transportation and connectivity, enabling growing opportunities for countries around the world. The waterway currently serves 140 routes, connecting 1,700 ports and 160 countries.
China’s liquefied natural gas imports in January rose to a record as an increase in residential heating demand during the winter after the country’s shift to gas heating spurred higher shipments, customs data showed on Saturday.
U.S. President Donald Trump said on Sunday that he would delay his planned increase in tariffs on Chinese goods after “productive” talks in China. Trump had planned to raise tariffs on $200 billion of Chinese goods from 10 to 25 percent on March 1 but now hopes to meet with Chinese President Xi Jinping to finalize a deal.
The Clean Shipping Alliance 2020 (CSA 2020) has presented results of a three-year study of the composition and quality of exhaust gas cleaning system (EGCS) washwater based on samples taken from cruise ships.
Kuwait and China have signed a memorandum-of-understanding (MoU) to begin Phase 1 construction of the Silk City megaproject, an industrial and logistics initiative designed to boost free trade between the two countries, which will include the development of the Mubarak Al-Kabeer Port.
The impact of a no-deal Brexit would show up almost immediately in financial markets, more slowly in the wider economy. There would be three big things to watch with regard to markets: government-bond yields, share prices and the value of the currency.
Container throughput at the port of Hamburg declined for the second consecutive year in 2018. The port’s throughput was down to 8.73m teu, adding urgency to the completion of the long-awaited deepening and widening programme in the river Elbe.
The World Trade Organization (WTO) expects slower trade growth this year. The weakness is likely to extend into the first quarter of 2019, according to the WTO’s latest World Trade Outlook Indicator released on February 19.
The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”.
According to provisional results, goods worth 199.3 billion euros were traded between Germany and the People's Republic of China in 2018 (exports and imports). The Federal Statistical Office reports that the People's Republic of China was Germany’s most important trading partner in 2018 for the third consecutive year.
A global shipowning body has called for regulator International Maritime Organization (IMO) to dismiss high global gross domestic product (GDP) growth projections when addressing its next greenhouse gas (GHG) study, due to get underway next month.
APM Terminals has announced it will jointly develop a new 345,000 TEU capacity Greenfield container terminal in Bangkok, Thailand, to accommodate the country’s rapidly growing containerized import and export trade.
(business-standard) Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth.
(maritime-executive) South Korea's "Big Three" shipbuilders may soon become the "Big Two," as Hyundai Heavy Industries (HHI) has reportedly expressed interest in taking over state-owned Daewoo Shipbuilding and Marine Engineering (DSME).
(maritimepropulsion) Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said.
(gcaptain) The first of three lock gates for the new, larger lock being constructed at the entrance of the North Sea Canal at IJmuiden, Netherlands arrived at its final destination this week after being transported from South Korea.
(destatis) According to first calculations of the Federal Statistical Office (Destatis), the price adjusted gross domestic product (GDP) was 1.5% higher in 2018 than in the previous year. The German economy thus grew the ninth year in a row, although growth has lost momentum. In the previous two years, the price adjusted GDP had increased by 2.2% each.
Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid hopes a recession can be averted.
(maritime-executive) Imports at major retail container ports in the U.S. have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
(hellenicshippingnews) In fewer than 12 months’ time, thousands of merchant ships are going to start burning fuel containing higher concentrations of sulfur. That’s a quirky outcome of rules that are supposed to cut emissions of the pollutant.
(hellenicshippingnews) In spite of a depressed fourth quarter in 2018, all segments of the dry bulk freight market saw earnings increase year on year. Volatility was the dominant theme for 2018, and the second, third, and fourth quarters saw mercurial freight movements led by a myriad of fundamental and sentimental shifts amid an uncertain second-half of the year.
(worldmaritimenews) COSCO-HIT Terminals (Hong Kong) Limited (CHT), Asia Container Terminals (ACT), Hongkong International Terminals (HIT) and Modern Terminals Limited (MTL) have decided to collaborate together in order to better use terminals and enhance their competitiveness.
(porttechnology) Eight provinces and regions, in the west of China, have signed a framework agreement to collaborate on the building of a new international land-sea trade corridor, according to Xinhua.
(hellenicshippingnews) The ClarkSea Index made steady progress in 2018 (+13% to $12,144/day) taking it above the average since the financial crisis. Tankers had a miserable year before being “saved” by a strong Q4, bulkers consolidated their 2017 gains and LNG finished the year on a high. Fleet growth continues to trend below 3%, with just 11% of the fleet on order, while trade growth eased and needs to be watched closely.
(gcaptain) Work began on Thursday to extend a small British port that could serve as a back-up if the UK leaves the European Union with no trade deal, providing the government some respite after days of criticism.
(hellenicshippingnews) The dry bulk market for large ships, i.e. Capesizes, is gearing up for further recovery in 2019, as demand is at healthy levels and net fleet growth remains subdued, despite a slower demolition rate in 2018.
(hellenicshippingnews) Economic activity is the main driver of maritime transport. DNV GL has developed a model to forecast future volumes of goods to be transported by sea, with a focus on crude oil, oil products, gas, bulk and containerized cargo.
(hellenicshippingnews) The future prospects of the Handy/Supramax bulker segment appear to be more than favorable as we enter 2019, perhaps even more than their larger “siblings” of the dry bulk market segment.
(maritime-executive) China has highlighted its anti-piracy efforts over the past 10 years, noting its naval fleets have escorted 3,400 foreign ships, around 51 percent of the total escorted over that time.
(maritime-executive) Kenya runs the risk of losing control of the Port of Mombasa if it should default on loans from state financial institution China Exim Bank, according to a new report from Kenya's auditor general. The terms of a $2.3 billion loan for Kenya Railways Corporation (KRC) specify that the port's assets are collateral, and they are not protected by Kenya's sovereign immunity due to a waiver in the contract.
China's National Offshore Oil Corporation (CNOOC) has signed Strategic Cooperation Agreements with nine international oil companies including Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. The move comes as the nation celebrates 40 years since its opening-up.
China’s Ministry of Transport (MOT) has detailed its emission control area plans with a 0.5% sulphur limit effective from January 1 next year, and more pertinently 0.1% sulphur limits on ship fuel kicking in along its rivers from January 1 2020 and around the southern island of Hainan from the start of 2022.
BIMCO, the world's largest international shipping association, said Monday it has published two bunker clauses to ensure a smooth transition to the International Maritime Organization's global sulfur limit rule for marine fuels.
Hamburger Hafen und Logistik AG (HHLA) and Hyperloop Transportation Technologies (HTT) have established a joint venture aimed at developing a system that would enable transporting containers at high speed through a tube to and from the Port of Hamburg.
Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil. That amount is equivalent to 6% of Rosneft's total exports to China in 2017.
China imported its first U.S. crude oil cargo in around two months last week, according to industry sources and Refinitiv Eikon data – a deal made by an independent “teapot” refiner as larger players held off amid trade tensions.
(hellenicshippingnews) The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which are 43% lower than in the same period last season. Down from 21 million tonnes of accumulated exports by 23 November 2017 to 11.9 million tonnes by 22 November 2018. A loss of 122 Panamax (75,000 tonnes) or 183 Supramax (50,000 tonnes) loads.
(hellenicshippingnews) Rio Tinto PLC (RIO.LN) approved a US$2.6 billion iron-ore mine in the Australian Outback that will be the miner’s most high-tech operation to date and buoy future production as older pits are depleted.
(porttechnology) The Busan Port Authority has signed a Letter of Intent (LOI) with the Port of Rotterdam Authority to build a sustainable warehouse on 5 to 10 hectares of the Maasvlakte Distribution Park West.