| Editors' picks | Maritime | 11.30.2020
Nikkei | HellenicShippingNews.com | November 30, 2020
Maritime-Executive.com | November 27, 2020
Nick Savvides, Managing Editor | Maritime-Executive.com | November 30, 2020
PortStrategy.com | November 29, 2020
Sam Chambers | Splash247.com | November 30, 2020
Excerpts: Container shipping rates from China to Southeast Asia are surging due to a shortage of transportation space in the Asian region, the result of an uneven distribution of containers to meet surging shipping demand from Asia to Europe and the U.S.
Container shipping rates, including those for Europe and the U.S., are likely to remain at high levels, as it will take some time before the shortage is resolved.
As of mid-November, the cost to ship a 20-foot container from Shanghai to Singapore was around $802, up 370% from $170 a month ago, according to data released by the Shanghai Shipping Exchange. Container shipping rates have remained relatively stable as it is a route full of small container vessels.
Nikkei | HellenicShippingNews.com | November 30, 2020
Fincantieri's Vard division has delivered the zero-emissions container vessel Yara Birkeland to her owner, fertilizer manufacturer Yara International. The 120 TEU Yara Birkeland is the world's first battery-electric container feeder for commercial use, and the project partners' ultimate goal is to operate her as an autonomous vessel.
The vessel's hull was built by Vard's Braila yard in Romania, and initially her outfitting and delivery were slated for completion at Vard Brevik. The work was later transferred to Vard Brattvaag, and a planned second-quarter delivery was pushed back due to the COVID-19 pandemic.
Maritime-Executive.com | November 27, 2020
Today’s launch of CMA CGM’s SEAPRIORITY go and SEAPRIORITY get by CMA CGM reveals the confidence carriers have that the current surge in cargo on the Pacific will continue, but also shows the lines’ newfound ability to manage capacity, bolstering rates and carrier income.
SEAPRIORITY go will offer fast, 12-day, transit times from Yantian to Los Angeles with priority given to cargo out of Yantian to receive equipment and space on board the vessel. SEAPRIORITY get gives priority to cargo in the system for early discharge and chassis availability in the US port.
Nick Savvides, Managing Editor | Maritime-Executive.com | November 30, 2020
In the first of a two-part series of articles, renowned industry analyst, Andrew Penfold, considers the creative approaches open to container terminal operators to consolidate and expand terminal revenues in a challenging marketplace.
The uncertainties associated with volumes and revenues for container terminal operators has been at the front of industry attention this year. There are many techniques that can be applied in this situation. This is the first of a two-part series of articles that examines various strategies to preserve and enhance revenues in these difficult market conditions.
During economic contractions, some ports and terminals have been confronted with above-average volume declines, while others have done significantly better. Specific factors determine market position, but a port or terminal must work with the advantages and disadvantages associated with its location and other key factors.
PortStrategy.com | November 29, 2020
Clarkson Research Services has provided its subscribers with a snapshot of the amount of ships – both trading today and under construction – which do not use bunker fuel. Remarkably, in tonnage terms more than a quarter of all ships being built today do not use bunker fuel oil for propulsion, according to the new research.
“Alternative fuels are gaining traction,” commented Stephen Gordon, managing director of Clarkson Research Services, writing in the company’s latest weekly report.
Sam Chambers | Splash247.com | November 30, 2020