business

Weekly Tanker Report – Week 48, 2019

The Baltic Briefing has issued the tanker report for the 48th week of this year. The report dated 29th November 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Owners’ expectations were firm at the start of the week with the market for 270,000mt Middle East Gulf to China peaking at Worldscale (WS)120.

  • Rates then came under downward pressure with WS115 and WS117.5 agreed for China discharge, and now we understand levels have...

http://mfame.guru/weekly-tanker-report-week-48-2019/

Tom Crowley Discusses the Future of LNG as a Marine Fuel

Llyod’s List details the candid interview of Tom Crowley, the head of the US marine solutions, energy and logistics company Crowley Maritime. He mentions that challenges and obstacles are needed in creating a very resilient and capable organisation.

CROWLEY Maritime Corporation

CROWLEY Maritime Corporation was born from a single rowing boat plying the waters of San Francisco Bay more than 127 years ago.

That was the initial investment of Thomas Crowley and, along with his own labour as oarsman, it...

http://mfame.guru/tom-crowley-discusses-the-future-of-lng-as-a-marine-fuel/

Weekly Maritime Security Report – Week 40, 2019

Protection Vessels International has released the 40th Weekly Maritime Security Report of 2019. The report summarized on 26th November 2019 highlights the various incidents that took place in the past week.

Southern Red Sea: Assailants fire at survey vessel in Bab el Mandeb

On 19 November, according to initial reports, unidentified assailants fired on a survey vessel from the shore at 1845 hrs local time during an operation off Mayyun Island in the Bab al Mandeb Strait. There was no confirmation...

http://mfame.guru/weekly-maritime-security-report-week-40-2019/

Amidst Slow Steaming Row, Supply Chains Bank on Visibility & Agility

According to a Loadstar report, better visibility and more responsive supply chains are the only way for shippers and their forwarders to respond to problems related to slow-steaming and containership schedule unreliability.

Visibility the Key

At last week’s TOC Americas Container Supply Chain event in Cartagena, Bill Rooney, vice president of strategic development at Kuehne + Nagel, told delegates: “Visibility is the solution to slow and unreliable assets.”

He explained that only 75%-80% of...

http://mfame.guru/amidst-slow-steaming-row-supply-chains-bank-on-visibility-agility/

Shanghai GPS Mystery! Is It an Attack for Soft Gold?

A sophisticated new electronic warfare system is being used at the world’s busiest port. But is it sand thieves or the Chinese state behind it writes Mark Harris for an article published in MIT Technology Review.

American container ship’s last stop 

On a sultry summer night in July 2019, the MV Manukai was arriving at the port of Shanghai, near the mouth of the Huangpu River. This busy tributary of the Yangtze winds through the city and includes the Bund, a historic waterfront area and tourist...

http://mfame.guru/shanghai-gps-mystery-is-it-an-attack-for-soft-gold/

GNS Launches Voyager GLOBAL FLEET To Enhance Business Performance

  • GNS has launched Voyager GLOBAL FLEET.
  • It is comprised of a fully searchable global database of over 120,000 vessels, shipowners, operators, and managers.
  • Suppliers, brokers, agents, and charterers can easily access the data they need to enhance their business performance.

New service will put a rich, continuously updated data resource at the fingertips of ship suppliers, shipping companies, shippers and charterers, says a press release published on their website.

Launch of Voyager GLOBAL FLEET

G...

http://mfame.guru/gns-launches-voyager-global-fleet-to-enhance-business-performance/

CMA CGM To Raise $2 Billion from 10 Terminals’ Sell

France’s CMA CGM SA plans to raise around $2 billion by the middle of next year through a series of deals in its shipping operations to finance the recent acquisition of Ceva Logistics, reports Reuters.

Terminals sell out

The container shipping giant said that it will get about $969 million from the sale of its stake in 10 port terminals to Terminal Link, its joint venture with China Merchants Port Holdings Co. Ltd., an arm of Chinese government-owned China Merchants Group.

The joint venture has...

http://mfame.guru/cma-cgm-to-raise-2-billion-from-10-terminals-sell/

MAN Energy Discusses Decarbonization Challenges and Opportunities Ahead of 2020

Pan Ke 潘科-两寸_480x640_300DPI (002).jpg

Ahead of Marintec China Seatrade Maritime talks to MAN Energy Solutions about the challenges and opportunities that lie ahead with IMO 2020 and decarbonisation and how the engine maker is positioning to help its customers with these challenges, says an article published in Seatrade Maritime News.

The MAN team will be at Marintec China 2019, which takes place in Shanghai from 3-6 December and celebrates its 40th anniversary, and the company shares plans for the event which has attended since it...

http://mfame.guru/man-energy-discusses-decarbonization-challenges-and-opportunities-ahead-of-2020/

MSC Steals Maersk’s Spotlight, Hires Søren Toft as COO

According to an article published in The Loadstar, Maersk Line has announced that its chief operating officer Søren Toft has decided to leave the company.

In search of better opportunities

In a surprise statement, the Danish operator said Mr. Toft “has decided to pursue an opportunity outside of the company and will leave, effective today”.

The responsibilities as chief operating officer will, in the interim, be taken on by chief executive Søren Skou.

“The executive board will hereafter consist of...

http://mfame.guru/msc-steals-maersks-spotlight-hires-soren-toft-as-coo/

Scrap Market Takes a Steady Leap Into Winter

A noticeable drop in trade activity with the Thanksgiving approaching, reports Freight Investor Services.

There was only one trade which was a US HRC, Dec v Jan spread trading -10 in 1kT a month, on 25th November.

Wavering scrap market

Scrap market conditions in the south of Europe continue to struggle whilst conditions in the north are faring much better.

Competition in the north among yards remains strong. Collection prices remain firm for north European players with some yards continuing to pay...

http://mfame.guru/scrap-market-takes-a-steady-leap-into-winter/

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