World Maritime News

WMNF 2019/09/19


Cosco Shipping quashes speculation about 25,000 teu new-buildings

Vice-president Wang Haimin of Cosco Shipping Corp told that Cosco has never considered ordering a 25,000 teu ship nor will they order it at the current stage. The Shanghai Ship and Shipping Research Institute said in March that a technical study on developing the 25,000 teu ships was endorsed by the 708 Research Institute of China State Shipbuilding Corp. Mr. Wang said the company’s boxship fleet expansion would keep pace with market growth.

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Index to help shippers counter poor schedule reliability

The Shanghai Shipping Exchange (SSE) and software provider CargoSmart are creating an index tracking container ship reliability, aiming to help shippers adapt to global schedule reliability which is generally no better than 80%. SSE and CargoSmart will create a new methodology to calculate and analyze schedule reliability for key trade lanes based on vessel sailing schedules and other data compiled by CargoSmart. The software provider will draw on its experience monitoring and analyzing more than 10 million sailing schedules, 16,000 vessels, 1,400 global container ports, and 3,000 ocean carrier services that represent 85% of the market, according to the company. Analysis of July data by Sea-Intelligence Maritime Consulting found that global schedule reliability stood at 82.6%. 14 out of 15 top carriers had a performance better than 80%. However, the analyst also found that for those vessels that are off schedule, the average time that they are late- 4.2 days -is at its highest level since 2015, when the delays were worsened by the US West Coast port labor dispute.

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Antwerp forecasts a radical shift in short-sea shipping after Brexit

Port of Antwerp is predicting a radical shift in UK-European Union short-sea shipping from ferry to container transport, along with a massive rise in customs declarations. Management of Antwerp port believe that goods entering or leaving the EU by ferry ports will face more checks and red tape once the UK leaves the EU. Port of Antwerp said it has had a task force working with stakeholders, including Belgian Customs, the Belgian Food Safety Agency and major port community and business representatives, to mitigate any negative consequences of Brexit. Having more short-sea solutions in the logistics chain will not only mean greater reliability, it will also diminish our dependence on trucks for ‘last mile’ transport, as well as reducing costs and CO2 emissions, the port said.

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Many port states not ready for IMO 2020

Many countries have yet to transpose the IMO’s global cap on sulphur in maritime fuels into their national laws. International Bunker Industry Association’s director, Unni Einemo made this observation at the IBC Asia’s 9th Biennial Bunkering conference in Singapore. She also noted that only around 30 countries have experience of a sulphur fuel limit.

95 signatories to Marpol Annex VI will enforce the IMO regulation limiting sulphur in maritime fuel on board ships with no scrubbers to 0.5%. Ms. Einemo estimated these signatories cover 96.71% of shipping tonnage globally.

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Overview of London International Shipping Week

London International Shipping Week was dominated by discussions about the acceleration in the climate change agenda. For the first time, there was robust and substantial debate about the scope and pace of regulatory and technological change required to transition to zero-carbon shipping. Still, alternative fuels remain an abstract concept. No clear direction was provided. DNV-GL picked ammonia over hydrogen as the most likely alternate, while Clarkson Research singled out LNG fueled ships with eco-design.

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Shell urged to share GHG emission savings

Shell, the world’s second largest charterer of crude tankers in the spot market, says it has achieved green house gas reductions of up to 20% using data analytics and optimizing port schedules to “performance manage” its fleet. Shell tracks and analyses 500 points per second in real time from every ship it charters or own. Using LNG as a marine fuel added as much as a 30% reduction in a ship’s greenhouse gas emissions. Grahaeme Henderson, vice-president, shipping and maritime for the Shell International Trading and Shipping Co. said meeting maritime emission reductions targets using today’s technologies was not enough, although he declined to endorse any alternative, zero-carbon fuels for shipping. Hydrocarbon and methanol are some of the alternative fuels currently cited for future propulsion, over today’s diesel engines. He said hydrocarbon was emerging as the favored alternate maritime fuel, though he noted that it would be used by power generators in future and compete with shipping.

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Hype surrounding blockchain in shipping

Shared opinions of the benefits that blockchain will bring to shipping were on display at the Lloyd’s List’s Forum on the opening day of London International Shipping Week. Peter McBurney, a professor of computer science and former department head of Informatics at King’s College London, says that around 90% of the hype surrounding the data-based sharing technology blockchain is “entirely justified”. He has little doubt that blockchain will eventually become part and parcel of medium and smaller-sized entities in addition to the major shipping players. Sally-Ann Underhill, Reed Smith partner, noted how US retailing giant Walmart managed to more than halve the time it took to track a piece of fruit from the grower to the end user using blockchain compared with the traditional paper route from a week to a little more than two days. In the container industry it could save up to US$ 300 per container by reducing all the touch points for each shipment by removing the many middlemen, Sally-Ann said.

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TradeLens seeks “organizational identity”

TradeLens, the global trade blockchain platform developed by IBM and Maersk, is enlisting help from a third-party solutions provider to establish what is know as “organizational identity” for entities participating in the platform. TradeLens will use software from Blacksburg, Virginia-based Digital Bazaar, which develops blockchain-based identity management and payment solutions for enterprises. Blockchain is a type of data base designed to provide more trust in the data stored within it through more robust encryption than a traditional data base. The decentralized nature of blockchain is thought to be a good match for the dispersed nature of global supply chain. TradeLens is aimed at digitizing documentation related to container shipping and global trade processes, including data provided and used by ports, container lines, customs, authorities, third-party logistics providers (3PLs), and shippers.

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