World Maritime News
IMO 2020 to benefit product tankers
The switch from HSFO to MGO to meet regulatory requirement will result in more ton-miles for the vessels that carry distillates, a Marine Money forum was told. The incremental post-2020 MGO flows will likely emerge from India, China, Russia, the US and the Middle East to Singapore, Fujairah and Europe, according to an analysis.
LNG preferred as marine fuel but lack of infrastructure, a barrier
Switching to LNG is the most attractive option for shipowners to meet the IMO’s international emissions standards for marine fuels, according to a survey by Deloitte.
Most of the respondents admitted that a lack of refueling and bunkering infrastructure was the key barrier to the large-scale adoption of LNG in shipping.
US ports move to cut trucking turnaround times
Leading box ports in the US are urgently trying to improve gate speeds and boost capacity to help alleviate the trucking capacity crunch. Trucking rates have been surging all year due to a storm of new Electronic Logging Device regulations, rising fuel costs, driver shortages and surging demand. The larger container ships now calling at many US ports has also caused spikes in demand for trucking and longer gate delays. Global Container Terminals Bayonne at New York/New Jersey is one of a limited number of US ports now offering truck appointment booking system. GCT Bayonne claims Truck Reservation System (TRS) has improved truck turn times by 41% since implementation late last year, with more than half of gate visits now completed using the system. Port of Long Beach spokesman said they are working for a universal truck appointment/reservation system that would cover both the Port of Long Beach and the Port of Los Angeles.
CMPort buys into Australia despite souring trade relations
China Merchants Port Holdings (CMPort) entered the ports scene in Oceania for the first time with its purchase of a stake in the Port of Newcastle, the largest port on Australia’s east coast. CMPort, the Hong Kong-listed arm of the state-controlled Chinese group, paid about USD 453 million for a 50% stake in the world’s largest coal port, which has ambitions to become a major container port serving shippers in New South Wales.
E-commerce vital to future logistics profits
E-commerce will be critical to the future financial performance of the world’s leading third-party logistics providers as retailers become ever-more dependent on online sales and their 3PL partners, according to a sector analyst. E-commerce is also impacting the air freight side of international transportation management where capacity is tight. And we are seeing increased focus on fulfilment center operations and what is going on in the last mile delivery.