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Coronavirus Impact on Blank Sailings Subsiding
Blanking of sailings out of China by ocean carriers due to the coronavirus impact is subsiding rapidly, and returning to normal levels, Copenhagen-based Sea Intelligence said in its weekly analytical report.
The bulk of the blank sailings were announced during weeks 7 and 8, while weeks 9 and 10 have seen a clear tapering off amid the ramp-up of demand and reopening of manufacturing plants in the country as the number of new infections decreased considerably.Posted On:12-Mar-2020
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BIMCO: Capesize Segment Has Been Hit Hardest by Coronavirus
While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards a profitable territory, according to shipping association BIMCO.
As explained, this is partly due to the seasonally higher grain exports from South America. Nonetheless, as the coronavirus continues to spread, the risks are skewed towards the downside.Posted On:12-Mar-2020
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Australia Reaches Fuel Security Arrangement with US
Australia and the United States have signed a milestone arrangement to bolster Australia’s access to emergency oil supplies in the event of a major global disruption.
As informed, the arrangement will allow Australia to lease space in the US Strategic Petroleum Reserve (SPR) to store and access Australian owned oil during a global emergency.Posted On:12-Mar-2020
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New Inland Container Depot in Madurai to aid trade from Tamil Nadu hinterlands
Maersk, a global integrator of container logistics, is taking concrete steps towards bringing down the cost of logistics with simple yet effective measures. With the announcement of Inland Container Depot (ICD) Madurai as a new acceptance point, Maersk is getting closer to its customers in the hinterland of Tamil Nadu in the southern part of India.Posted On:12-Mar-2020
Credits: www.bunkerportsnews.com |
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Drewry Global Container Port Throughput Index Down by 0.7% in Annual Basis
Drewry s container port throughput index has seen a monthly decline of half a percent, dropping to 127.7 points in December 2019. However, it was one point down (0.7%) when compared with December 2018.Posted On:12-Mar-2020
Credits: www.bunkerportsnews.com |
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Port of Hedland Iron Ore Exports Down by 1% in February
Pilbara Ports Authority has delivered a total monthly throughput of 49.7 million tonnes (Mt) for the month of February 2020.
This throughput was a 9% decrease compared to the same month in 2019.
The total throughput for the 2019/20 financial year to date is 461Mt, an increase of less than 1% from the same time last year.Posted On:12-Mar-2020
Credits: www.bunkerportsnews.com |
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