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Tag Archives: Tops

Logistics for the energy revolution: Why shipping has a vital role to play

It’s widely reported that radical change is taking place in the energy sector. But why is maritime such a green logistics choice for the major players? Renewable energy is necessary for a sustainable future – green partnerships between cargo owners and transportation providers will also help to make that future a reality. Historically, the difference in cost between renewable energy and fossil fuels has been too great to support a shift to green energy. But with new and innovative technology coming onto the market, we’re now seeing a big change. ...

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Dry Bulk Market: Capesize Rates Rise After Bottoming Out The Previous Week

Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates were seen to quickly rise. This was helped along the way by typhoon Lekima off the eastern coast of China and a tightening vessel situation in the Atlantic. The Capesize 5TC opened the week at $24,022 to close at $29,624. In the Pacific, most major charterers were present at some stage of the week, but struggled to get repeat trades at last done levels. In the Atlantic, ...

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Just-In-Time shipping reduces shipping’s carbon footprint

If a ship communicates relevant information in advance before arriving in port, it can achieve a reduction of 23% in vessel emissions. That’s according to an International Maritime Organization (IMO) led desktop trial conducted last month in the Port of Rotterdam. During the desktop exercise, a 247 nautical mile (nm) voyage between Bremerhaven and Rotterdam was simulated. In the first business as usual scenario, the ship received an arrival slot time at the pilot boarding location from the port once it was within VHF radio range: around 30nm away from ...

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Should you believe in guaranteed ocean services?

Container shipping is rediscovering the potential of enhancing service by providing guarantees, thanks to technology. Container shipping seems to be embracing the trend towards enforcing commitments from contract stakeholders, whether carriers, forwarders or shippers. In air freight and in parcel services, guaranteed or “time definite” services have been around for decades, but ocean transport has struggled to keep up. One of the recent and significant developments is Kuehne + Nagel’s launch of the KN Pledge product. The service provides a 100% money back guarantee on lead-time, as well as extended ...

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TT Talk – Calling for ports/terminals to engage with Hazcheck Restrictions Portal

The containerised supply chain is well-known for its complexity. TT Club is seeking to ‘call out’ any practice that may undermine safety and preclude certain of outcome within its ‘Cargo Integrity’ / #Fit4Freight campaign. Key targets inevitably relate to shipment, handling and carriage of dangerous goods. This year has seen a significant increase in incidents related to shipment of dangerous goods, including a number of high-profile ship fires. This has rightly given greater attention and urgency to efforts by the lines and initiatives such as the CINS Organisation to improve ...

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A first in liner shipping: Hapag-Lloyd to convert ship to LNG

The invention of the steamship at the end of the 18th century revolutionised the entire shipping industry, and there are some parallels with the use of liquefied natural gas (LNG) in container shipping today. For example, to operate using this fuel, instead of being able to simply flip a switch, you have to rethink all the equipment on a ship. When Hapag-Lloyd starts converting the large container ship “Sajir” in mid-2020, it will be launching a pilot project that could pave the way for the entire shipping industry. Whenever the ...

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US soya bean exports, up or down?

The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018, while on the other, exports to China in the 2018/2019 marketing year are down 68.7%. With the 2019/2020 marketing year now just round the corner, this trade is unlikely to return to pre-trade war levels. The combined effects of a worsening relationship between ...

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TT Talk – Review of top 10 risks for container terminals

TT Club continually seeks to understand the risks faced in the transport and logistics industry, providing relevant and targeted loss prevention advice to operators as appropriate. This article focuses on the findings of recent analysis into the risks faced by container terminals. TT Club provides insurance to port authorities, terminals and stevedores in almost half of the world’s top 100 ports globally. As a result, it is well placed to analyse incident data, providing commentary and advice on trends and loss prevention actions. This particular analysis focuses on the top ...

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Bunker Ammonia: Rapid Cross-Sector Progress from Industry, Government, Finance, and Class Societies

The maritime industry has been engaged in a frenzy of research since April 2018, when the International Maritime Organization (IMO) announced its Initial GHG Strategy mandating a 50% reduction in shipping’s emissions by 2050. On one hand, some industry players still believe that “there is no known technology today by which we could reach the 2050 target.” On the other hand, “2030, not 2050, must become the target, as the approximately 20-year lifetime of ships means that steps will need to be in place by then.” (These quotes are from ...

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Clarksons Business Review

Dry cargo The freight market during the first half of 2019 was a huge disappointment due to severe seaborne trade disruptions. The seasonal first quarter downturn was amplified by the impacts of the Brumadinho dam rupture at Vale’s mine in Brazil and subsequently adverse weather in the northern parts of Brazil and in Australia’s Pilbara iron ore region. As a result, iron ore seaborne trade suffered a 4% decline compared to the same period last year. African swine fever, which requires infected pigs to be culled, reduced the soybean feedstock ...

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Simulating the future of maritime

In a scenario in the future, two autonomous ships made by different manufacturers meet each other. How will these ships interact? How complicated will navigation be? Will the vessels discuss complex navigational manoeuvres? Is there a guarantee that the two intellectual machines will interact in a proper way? Simulation or developing mathematical models for IT systems to mimic authentic real-world outcomes can provide several answers to these questions. The maritime sector is not new to simulation and has, in fact, been using it for several purposes apart from just automation. ...

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Member Focus: Autonomous Vessels

In 2018, the Club proudly launched a dedicated autonomous vessel P&I policy, the first of its kind in the world. The Club consulted owners, operators and manufacturers of autonomous vessels to ensure Members had the right cover in place so that they can focus on their operations knowing they are appropriately covered if anything should go wrong. Since then, we’ve gained several new Members who are doing exciting and innovative things with autonomous technology. This article features two of those Members and their recent achievements. Hushcraft One of the Club’s ...

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Use of heavy fuel oil with scrubbers will have a positive effect on global CO2 emissions

Members of the Clean Shipping Alliance 2020 have welcomed a new addition to the canon of scientific literature relating to exhaust gas cleaning systems (EGCS), the latest of which indicates that continued use of residual fuels with a scrubber can help towards global CO2 reduction. In a study published in June by Norway’s SINTEF, one of Europe’s largest independent research organisations, Chief Scientist Dr Elizabeth Lindstad concluded that from well-to-wake the continued use of HSFO or HFO (heavy fuel oil) with an EGCS is the most environmentally beneficial means of ...

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IMO: The chance of postponing 1 January 2020 deadline is zero

The Bulletin met with Frederick Kenney, Director of Legal and External Affairs at the International Maritime Organization (IMO), to talk about why there is no chance that the 2020 sulphur limit deadline will be pushed, what will happen if ships experience operational problems because of the new fuels, and why regulation of open-loop scrubbers should be consistent rather than regional. While the industry – from shipping and refinery to bunker and ports – is preparing, head-on, for 1 January 2020, many questions still cannot be answered, such as those surrounding ...

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Key trends in the LNG carrier market

Ahead of London International Shipping Week, we’ve prepared a summary of the major trends currently shaping the LNG shipping sector. Featuring insights from speakers at the LNG Shipping conference – which is joining LISW for the first time in 2019 – this article provides a snapshot of some of the topics covered by the event. The LNG carrier market is one of the most attractive segments of the global shipping fleet for new investment, buoyed by the ongoing build out of liquefaction capacity initiated in 2016. Perennial uncertainty about the ...

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