Home / Uncategorized

Uncategorized

South America – Asia / Loop 1 (AN1) – Improved Coverage

We are pleased to announce changes in our AN1 service in West Coast South America. Starting from March 2021, Hapag-Lloyd will be offering an improved coverage adding a fortnightly call in Puerto Angamos (CLPAG). Antofagasta (CLANF) will continue to be served on a weekly basis alternating AN1 with WS3-AN1 for export (via CLVAP) and with AN1-WS3 for import (via PECLL). Supported by our strong local organization and our long-term experience, we are glad to offer this new rotation offering an additional coverage and connectivity; offering our customer support and alternatives ...

Read More »

S.Africa’s biggest coal exporter says 2020 exports fell to 70.2 mln tonnes

South Africa’s Richards Bay Coal Terminal (RBCT) said on Wednesday that its 2020 coal exports fell to 70.2 million tonnes from 72.2 million tonnes in 2019, weighed down by COVID-19 disruptions. Africa’s largest coal export facility said 92% of its exports went to Asia last year, with India and Pakistan being the largest takers. Source: Reuters (Reporting by Tanisha Heiberg Editing by Promit Mukherjee)

Read More »

Asia week ahead: China and Malaysia in focus

China: GDP growth accelerates The week kicks off with China’s GDP report for the last quarter of 2020 and remaining December activity data – industrial production, retail sales and fixed asset investment, all due on Monday, 18 January. We believe the export-led recovery gained further traction in the last quarter, keeping GDP growth on a steady upward path. Export growth nearly doubled to 17% year-on-year in 4Q20 from 8.9% in 3Q. This should outweigh any possible softening of domestic demand due to the renewed virus threat. We consider our 5.5% ...

Read More »

ECB’s Lagarde pushes back on gloomy forecasts, sticks to recovery outlook

European Central Bank President Christine Lagarde pushed back against pessimism on Wednesday, predicting an economic rebound as COVID-19 uncertainty subsides and saying that Europe has all the tools needed to overcome the crisis. Even with much of the 19-member euro area in lockdown, Lagarde continued to forecast a recovery, provided that economic restrictions can be lifted from the second quarter and the bloc can overcome a “laborious” start to vaccinations. The ECB last month cut its 2021 growth forecast to 3.9% but increasingly widespread curbs on movement and activity in ...

Read More »

U.S. economy plunges into recession amid pandemic, K-shaped recovery widens inequality

After plunging into the worst recession in decades amid COVID-19 shutdowns in 2020, the U.S. economy has been recovering in recent months. With alarming case spikes and a long-delayed fiscal relief package, however, the recovery momentum is slipping away. Overshadowed even more by a behind-schedule vaccine rollout, the country will only find an uncertain and challenging economic recovery ahead. What’s worse, the economic pain inflicted by the pandemic has rippled unevenly across a variety of sectors, companies and communities, with certain service-intensive industries, smaller firms, and low-income Americans taking a ...

Read More »

MARKET SNAPSHOT FOR 30/12/2020

NASDAQ-Adv: 1,067 Dec: 2,698 NYSE-Adv: 1,477 Dec: 2,518(Source: Nasdaq)

Read More »

National Security Multi-Mission Vessel Achieves First Construction Milestone with Steel Cutting Ceremony

TOTE Services, LLC, (“TOTE Services”) and Philly Shipyard, Inc., (“Philly Shipyard”) yesterday began a new era in maritime education with the cutting of steel for the new National Security Multi-Mission Vessel (NSMV) at Philly Shipyard. This is the initial major construction milestone for the first purpose-built, state-of-the-art training vessel for America’s state maritime academies. In addition to providing world-class training for America’s future mariners, the NSMV will be available to support humanitarian assistance and disaster relief missions. A video of the steel cutting can be found here. “This new state-of-the-art ...

Read More »

Stena Line reveals the names of the new Baltic Sea vessels

Ferry company Stena Line has announced the new names of the two modern ferries that are due to start operating on the route between Nynäshamn in Sweden and Ventspils in Latvia during 2021. The new ferries will add a further 30 per cent freight capacity and offer an attractive alternative way to travel on the Baltic Sea. After receiving close to 600 name suggestions from customers online the new names are – Stena Scandica and Stena Baltica. In October Stena Line announced the strengthening of their Baltic Sea fleet with ...

Read More »

Automated ship reporting service launched by NCA as part of KONGSBERG’s Sesame Solution II project

The SESAME Solution II project successfully completed a major milestone when the Norwegian Coastal Administration released the first iteration of an automated ship reporting service. The service is hosted on a test environment in SafeSeaNet Norway, the Norwegian Coastal Administration’s maritime single window (MSW), and was developed through the SESAME Solution II and STM BALTSAFE projects. While the service supports only Mandatory Ship Reporting Systems (MRS) or SRS Reporting, other types of reporting, such as pre-arrival and FAL reporting, will be added in future iterations of the service. “One of ...

Read More »

BIC and DCSA collaborate to standardize container facility identification; BIC releases API to enable universal digital access

BIC (Bureau International des Containers) and DCSA (Digital Container Shipping Association) announced completion of their collaboration to standardize the codes used to identify facilities such as depots, container yards, M&R vendors and other supply chain container facilities. Thanks to the active participation by DCSA member ocean carriers as well as several of the largest leasing companies, the organizations have achieved a clean, machine-readable database of over 11,000 facilities in 160 countries. Each facility in the database now has a structured address, GPS coordinates and a 9-character BIC Facility Code assigned ...

Read More »

Pioneering plastic recycling project

All vessels will soon get the opportunity to choose which port they want to dispose their waste in. As a Wilhelmsen summer student project has mapped out hundreds of ports all over the world that handle and recycle waste, including plastics, in the best possible and sustainable way. “Plastic waste in the ocean is a global problem that the maritime industry is concerned about. The industry has worked on several initiatives to reduce, map and recycle plastic ocean waste. This pioneer project from Wilhelmsen showcases that the industry takes responsibility ...

Read More »

10th Singapore Maritime Institute Forum Discusses Approaches To Navigate The Future Of Port And Shipping For A New Era

Organised by the Singapore Maritime Institute (SMI), the tenth edition of the SMI Forum was streamed virtually over two sessions to more than 350 maritime professionals from around the world. The event was graced by Mr Chee Hong Tat, Singapore’s Senior Minister of State for Transport and Foreign Affairs. Themed “Future of Port and Shipping”, this year’s SMI Forum shone a spotlight on the role of research, technology and innovation in future-proofing next generation ports and discussed automation and sustainability in future-ready shipping. In his opening address, Mr Chee noted ...

Read More »

ArcelorMittal Europe to produce ’green steel’ starting in 2020: Hydrogen technologies at the heart of drive to lead the decarbonisation of the steel industry and deliver carbon-neutral steel

ArcelorMittal Europe today announces details of the CO2 technology strategy that will enable it to offer its first green steel solutions to customers this year (30,000 tonnes), scale up this offering in coming years (to reach 120,000 tonnes in 2021 and 600,000 tonnes by 2022), deliver its 30% CO2 emissions target by 2030, and achieve net zero by 2050. The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: • The use of hydrogen in DRI-EAF and, ...

Read More »

With pandemic dominating U.S. election, older voters turning away from Trump

Many older Americans have turned away from President Donald Trump this year as the coronavirus ravages the country, eroding an important Republican support base that helped propel him into the White House in 2016, Reuters/Ipsos polling data shows. Trump and his Democratic opponent Joe Biden now split American voters aged 55 years and older almost evenly: 47% say they are voting for Biden on Nov. 3 while 46% back Trump, according to Reuters/Ipsos national surveys in September and October. That could be an alarming sign for the president, who trails ...

Read More »

India introduces new gas marketing mechanism to help producers

India will let companies producing gas from new local fields sell the cleaner fuel on e-bidding platforms, oil minister Dharmendra Pradhan said on Wednesday, in a move expected to help them get better prices and boost output. India wants to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now but it currently relies on imports for half of its daily gas needs of 160-170 million standard cubic meters (mmscm). Pradhan said the new, more transparent price discovery mechanism would help raise daily gas ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping