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MareGreco.com | Editors' picks | MARITIME | December 2, 2020


| Editors' picks | MARITIME | 12.02.2020 |


1/ Empty boxes in US and China lying in deports despite the shortage issues

Antonis Karamalegkos | Container-News.com | December 2, 2020


2/ Soren Toft announces his arrival at MSC

Container-News.com | December 2, 2020


3/ UN calls for seafarers to be designated as key workers to resolve crew change crisis

Grant Rowles | Splash247.com | December 2, 2020


4/ How the Panama Canal traffic jam is affecting ocean shipping

Greg Miller, Senior Editor | American Shipper | FreightWaves.com | December 1, 2020


5/ Key drivers of the dry bulk shipping market as the end of the year draws near: The challenges and opportunities that lie ahead for the dry bulk players

HellenicShippingNews.com | December 1, 2020

Excerpts:


Despite the urgent need for containers in China and the US, the average period that empty boxes spend in depots is 61-66 days, a significantly higher average than the global one of 45 days, according to a research project by FraunhoferCML and Container xChange.

Researchers said the high standard deviation of 85 days in North America and 129 days across Asia indicates many cases where containers spend far more days inside depots than the average suggests.

Compared to the Middle East (21 days on average) and Europe (23 days on average), it takes more than 30 additional days to move containers out of the depots and make money with them.

Empty boxes in US and China lying in deports despite the shortage issues

Antonis Karamalegkos | Container-News.com | December 2, 2020

After announcing his departure from AP Moeller – Maersk a year ago former Maersk chief operating officer Soren Toft has finally taken up his new position as Mediterranean Shipping Company (MSC) CEO on 2 December.

Toft will report directly to MSC group president Diego Aponte and Gianluigi Aponte, the company’s founder and Chairman.

According to an MSC statement, Toft will oversee the carrier’s global cargo businesses, which include, ocean liner and logistics operations, and he will sit on the board of directors MSC’s terminal division, Terminal Investment Ltd (TiL), which is majority-owned by MSC.

Soren Toft announces his arrival at MSC

Container-News.com | December 2, 2020

The United Nations General Assembly has called on UN member states to designate seafarers as key workers and implement measures to facilitate crew change.

In a resolution adopted yesterday, the United Nations recognised the need for an urgent response to resolve the situation of around 400,000 seafarers stranded at sea.

The UN resolution encourages governments and stakeholders to implement IMO’s crew change protocols, which it first published in May. The protocols clearly set out the responsibility of governments, shipowners, transport providers and seafarers and provide a framework to develop robust procedures.

UN calls for seafarers to be designated as key workers to resolve crew change crisis

Grant Rowles | Splash247.com | December 2, 2020

Since the Panama Canal debuted its larger Neopanamax locks in 2016, the three heaviest users have been container ships, liquified natural gas (LNG) carriers and liquefied petroleum gas (LPG) carriers. Now, transit demand for all three segments is simultaneously surging. On top of that, COVID issues are reportedly affecting canal operations.

The consequence over the past month and a half: transit delays.

The good news for containerized cargo shippers is that container lines have reserved booking slots. The delays are affecting ships without reservations.

How the Panama Canal traffic jam is affecting ocean shipping

Greg Miller, Senior Editor | American Shipper | FreightWaves.com | December 1, 2020

The strict Covid-19 containment measures and the stimulus packages China put forward in the wake of the pandemic in order to reignite its economy, seem to have played out well thus far.

The country has showcased a rapid recovery, achieving a 4.9% annualised y/y growth in Q3, which is remarkable considering that back in Q1 when the pandemic broke out, the Asian nation posted a 6.8% contraction.

The infrastructure-intensive stimuli the Chinese government introduced, significantly aided the country’s steel production (up 4.5% y/y in the period January through September) and consequently demand for iron ore and coking coal. In the first ten months of the year, the country imported a total of 975 million tonnes of ore, registering an 11% yearly growth.

Key drivers of the dry bulk shipping market as the end of the year draws near: The challenges and opportunities that lie ahead for the dry bulk players

HellenicShippingNews.com | December 1, 2020