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CMA CGM sees calmer waters for container shipping, looks landwards

The global container-shipping sector is in its strongest position in years thanks to sweeping consolidation and stronger economic growth, leaving it well placed to withstand competition from trains on major Asia-Europe routes, France’s CMA CGM said. Container lines, which transport everything from televisions to fresh fruit and dominate global freight volumes, are emerging from a severe downturn that culminated in last year’s collapse of South Korea’s Hanjin Shipping. CMA CGM, the world’s third-largest container line, on Friday reported better second-quarter profits and said it expected operating profits in the second ...

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Dry Bulk FFA: Capesize Market Reaches New Highs

Capesize FFA Commentary: Capes reached new highs yesterday with October trading up to $21000 before finding a little selling resistance. Q4 similary touched a new high of $19k. Q4 v cal 18 was value $4500+ and cal 18 v 19 traded at $150. Panamax FFA Commentary: It was another slow cautious range bound days trading on Panamax paper with rates slipping off a touch in early trading before finding some support post index. All eyes remain fixed on the underlying now some fresh enquiry needed if we are not to ...

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Maritime Executives – Becoming A Senior Executive

“Becoming A Senior Executive”, an extract from the report discussing the findings of happens within the exeuctuve roles… A route into becoming a senior executive in the maritime sector that continues to become more attractive is completing an MBA, but is it really essential to make it to the top? The feeling from 79% of respondents is that having an MBA is not essential to make it as a senior executive “When it comes to being a maritime executive the majority of those in the most senior positions have come ...

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Tankers: Mediterranean clean freight rates up sharply as demand spikes

Freight rates for clean Handysize tankers in the Mediterranean and Black Sea have risen sharply in recent days to levels not seen since late April after demand picked up suddenly while the supply of prompt ships was limited, shipping sources said Tuesday. The oil products vessel Bentley I was said to be on subjects to Trafigura Tuesday for shipping 30,000 mt from Bourgas, Bulgaria, to Israel at Worldscale 235 for a September 26 laycan. Discharging in Israel normally calls for a premium which, in the current market, was hard to ...

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The Box Carriers: Consolidate or Compete?

Only six years ago, in 2011, there were 20 global container lines operating in a very fragmented, often very confusing industry. It’s different today; with Cosco’s takeover of OOCL, the top four carriers control 53.8% of the world’s container cargo. It would be fair to say that consolidation, not competition, is the word of the day, and shippers would be wise to be concerned about the decrease in the amount of carriers available for them to move cargo. Cosco is the tsunami on the horizon. Their purchase of OOCL makes ...

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The Maritime Cloud becomes Maritime Connectivity Platform

The team behind the Maritime Cloud has decided to change the name of the communication framework. The new name, Maritime Connectivity Platform (MCP), has been chosen to provide clarity and support e-Navigation going from testbed to real life implementation. Maritime Connectivity Platform, or MCP, is the new name for what was previously known as the Maritime Cloud. The reason for the change is twofold explains Thomas Christensen, Work Package Leader in the EU-funded EfficienSea2: “MCP is at a level of maturity where we are ready to take it from our ...

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Industry-Led Summit To Take Action On Shipping’s Decarbonisation Opportunity At UNFCCC COP23

A group of international shipping industry leaders will join forces at the 23rd session of the Conference of the Parties (COP 23) to the UN Convention on Climate Change (UNFCCC) in November to drive industry ambition and action on exploiting opportunities presented by decarbonisation. The need for shipping to contribute it’s ‘fair share’ of GHG reductions and to decarbonise quickly and deeply enough to meet the high ambition climate change target of limiting global temperatures to 1.5oC, as indicated in the Paris Agreement, has catalysed the need for a business-focused ...

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Asia Fuel Oil-380-cst premiums and spreads retreat from recent highs

Cash premiums of Asia’s 380-cst fuel oil narrowed for a second consecutive session on Tuesday following lower deal values, while the front-month time spreads of the mainstay fuel were offered down amid limited trade activity, industry sources said. WINDOW TRADES Three 20,000-tonne 380-cst fuel oil cargo trades were reported in the Platts window on Tuesday. Coastal was both a buyer and seller of 380-cst fuel oil cargoes in the window, sources said. Trafigura sold 20,000 tonnes of the fuel to Coastal at a premium of $1.25 a tonne to Singapore ...

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Barriers for cargo transportation in the Caspian region on example of Azerbaijan and Georgia, possible solutions and future prospects

– During recent years, transit cargo flow through the territory of Georgia significantly decline, up to 50% or more. – Oil terminals use of about 1/5th of its throughput capacity. – Number of port calls reducing in line with cargo flow reduction. – Traders and prime suppliers are not talking about barriers and problems; they find alternative routes, which are cheaper, safer, and faster. Which are the main Barriers for cargo transportation and for companies to become regional logistics providers? What are Solutions for improving position of companies registered in ...

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Q88VMS and ClearLynx announce integration

Q88 LLC announced today that it has completed an integration with bunker procurement platform, ClearLynx. The integration allows common customers to create requisitions in ClearLynx automatically from Q88VMS – Q88’s cloud-based voyage management system. “We are very excited about the integration with ClearLynx and the value it will bring to our customers. We continuously aim to automate processes for our customer and deliver un-matched user experience. Integrating our system with young and innovative companies like ClearLynx is yet another step in this direction.” says Gabriel Reiter, Q88VMS Product Manager. Q88VMS, ...

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Kalmar helps MSC to cut running costs in South Africa with new order for reachstackers and empty container handlers

Kalmar, part of Cargotec, is to continue its cooperation with Mediterranean Shipping Company (MSC) with a new order for container-handling equipment. The order, comprising five Kalmar reachstackers and two empty container handlers, was booked in Cargotec’s 2017 third quarter intake. Delivery will commence in Q4 2017 and continue into Q2 2018. MSC, a world leader in global container shipping, has a network of over 480 offices in 155 countries and a fleet of 490 container vessels. As well as sea freight, the company offers integrated warehousing and haulage services. The ...

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Oil Bunkering: Nigerian Navy Nabs Operators Along Calabar Water Channel

Some Nigerians and foreign nationals operating illegal oil deal have been arrested by the Nigerian Navy Ship, (NNS) for allegedly diverting 22 metric tones of diesel in an illegal Ship To Ship (STS) transfer along the Calabar water channel. The vessel, NV Princess Oge, according to the Navy brought the product from offshore Lome to deliver to a tank farm in Calabar before it was intercepted by men of the service on patrol. Speaking with newsmen, commander NNS victory, Calabar, Commodore Salihu Jibril, said Princess Oge was a bunkering ship ...

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Unrelenting focus on maritime safety

Two fatal collisions in the Singapore Strait, occurring within a month, are cause for concern. On Aug 21, an American warship collided with an oil tanker. On Sept 13, a tanker and a dredger were involved in an accident. The loss of lives in both cases underscored the gravity of the incidents. The impact was serious enough to cause substantial damage to the warship in the first case, and to cause the dredger to capsize in the second. As a maritime nation, Singapore has to respond to such accidents actively, ...

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MANSA felicitates shipping liner veteran Vaishnav Puri with life-time achievement award at its 39th AGM

Vaishnav Puri, Chairman and Managing Director, Seaworld Shipping & Logistics Private Ltd was felicitated with the R. S. Cooper Life Time Achievement Award at the 39th annual general meeting of Mumbai and Nhava Sheva Ship Agents Association earlier this month. Born in 1944, Mr Puri, a veteran with almost five decades in the field of liner/tramp shipping in India has been associated with several companies and industry association and institutions including the President of MANSA from 1994-96. Expressing his gratitude in his response for the award recognition, Mr Puri recapitulated ...

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Russian trawler hulls protected with Cathelco ICCP systems

Cathelco are supplying hull corrosion protection systems for three trawlers which mark the first stage in modernising the Russian fishing fleet. The freezer trawlers are being built by the Vyborg Shipyard for the Arkhangelsk Trawl Fleet JSC who will operate them in the North and Far East fishing basins. Each vessel will be equipped with the latest trawl equipment enabling the production of up to 160 tons of raw fish products per day. The first in the series of vessels, named The Barents Sea, is 86m in length and 17m ...

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