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China s port jam eases, but refrigerated container rates soar
Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China.
Thousands of refrigerated containers carrying meat, seafood and fruit from around the world to China have been stuck for weeks at the country s ports after Beijing extended its Lunar New Year holiday and cities around the nation restricted free movement to curb the spread of coronavirusPosted On:14-Mar-2020
Credits: www.bunkerportsnews.com |
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Singapore fuel oil stocks slip from 9-month high as marine fuel demand picks up
Singapore s residual fuel oil inventories fell 4% in the week ended March 11, official data showed on Thursday, as a gradual improvement in marine fuel demand at the world s top bunkering hub and below average net import volumes helped stocks pull away from a nine-month high.
Onshore fuel oil stocks fell by 1.137 million barrels (about 179,000 tonnes) to 24.981 million barrels, or 3.934 million tonnes, from the previous week, data from Enterprise Singapore showed.Posted On:14-Mar-2020
Credits: www.bunkerportsnews.com |
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MacGregor enhances customer support capability in the Americas
MacGregor, part of Cargotec, announces that following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively, customers in the Americas will benefit from extended coverage and capability to support all their service needs.
MacGregor now has over 80 service personnel in place supporting the full product range across the Merchant, Cruise, Offshore, Naval and Fishery & Research markets, based in 6 locations on the East and West coasts, the Gulf of Mexico and Brazil.Posted On:14-Mar-2020
Credits: www.bunkerportsnews.com |
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Taiwan: Land reclamation facilitates mega ships
Taiwan s largest-ever port land reclamation project has been completed as part of project to build a new large container transshipment terminal to accommodate mega ships.
The land reclamation work formed part of Taiwan International Ports Corporation s (TIPC) Port of Kaohsiung Intercontinental Container Terminal (ICT) project.Posted On:14-Mar-2020
Credits: www.bunkerportsnews.com |
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Container Lines May Lose 17 Mn TEU in 2020 due to Coronavirus
It can no longer be ruled out that the container shipping industry might be looking at developments similar to the financial crisis of 2008, SeaIntelligence said, referring to the impact of the coronavirus pandemic.
"This implies a potential volume loss of 10% equal to 17 million TEU globally," the Copenhagen-based provider of container shipping analysis warned.Posted On:14-Mar-2020
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Initial Sea Trials Completed for Autonomous Tug Project
Finnish technology group Wartsila and Singapore-based towage services provider PSA Marine have successfully completed initial sea trials for the IntelliTug autonomous ship project.
The PSA Polaris, a harbour tug owned and operated by PSA Marine, has been retrofitted with a suite of Wartsila technology to enable autonomous navigation.Posted On:14-Mar-2020
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