BIMCO: Low-Sulfur Fuel Sales Rise as Shipping Industry Responds to IMO 2020
The final quarter of 2019 marked a massive decline of high-sulfur fuel oil (HSFO) sales as the industry transitioned into compliance with the IMO 2020 sulphur cap, according to international shipping association BIMCO. https://worldmaritimenews.com/archives/289573/low-sulfur-fuel-sales-rise-as-shipping-industry-responds-to-imo-2020/
Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC
German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). https://worldmaritimenews.com/archives/289556/hapag-lloyd-inks-space-charter-deal-with-maersk-and-msc/
US faces an uphill struggle to regain market share lost in the trade war 18/01/2020
For almost two years the US has been embroiled in a rhetoric-filled trade war with China, but this week, the two countries signed the Phase One deal.
The agreement was hailed as “tremendous” by President Trump.
However. based on the flow of trade, the US will face an uphill battle in taking back the market share it lost to its competitors because of the tariffs.
The pipes of trade have been diverted away from the US and, no matter what is pledged in Phase One, trade expansions by China during this time will have an impact on US trade. https://www.aseanlines.com/Show.aspx?id=4735
Asia-Europe carriers leave boxes on quays as they eye better-paid cargo 18/01/2020
This month has seen the return of container rollovers in loading ports out of Asia as carriers continue to trim capacity.
Several reports have come into The Loadstar this week that some Asia-North Europe ocean carriers have been discharging containers loaded in China at transhipment ports en route, so they can accommodate better-paying cargo. https://www.aseanlines.com/Show.aspx?id=4733
US airport limitations hurt cargo industry
One international carrier has had to rethink its plans for the US market. Its ambitions for a freighter service to a major gateway had to be scrapped owing to a crucial detail: The cargo terminal’s cooler can accommodate only four or five pallets.
Speaking privately, the airline’s head of cargo was incredulous. “This is a big gateway in the biggest cargo market in the world, and they have only a small cooler,” he said. https://www.aircargonews.net/cargo-airport/us-airport-limitations-hurt-cargo-industry/
Qatar Cargo suspends Pittsburgh flights for off season
Qatar Cargo has temporarily suspended its freighter flights to Pittsburgh during the quiet season for cargo.
A spokesperson for Allegheny County Airport Authority confirmed the move but said he expected the flights to restart in the future. https://www.aircargonews.net/airlines/freighter-operator/qatar-cargo-suspends-pittsburgh-flights-for-off-season/
Cargo Insurance:
MAIB: CMA CGM G. Washington Lost 137 Containers after 20-Degree Rolls
Two years ago, the UK-flagged containership CMA CGM G. Washington experienced 20° rolls in the North Pacific leading to the collapse of three container bays, according to a report by UK’s Marine Accident Investigation Branch (MAIB). https://worldmaritimenews.com/archives/289523/maib-cma-cgm-g-washington-lost-137-containers-after-20-degree-rolls/
