Our Small Size Is Now An Advantage, Says ZIM Chief

Israeli container ship operator ZIM Integrated Shipping Services Ltd. is trying to turn its small size into an advantage in a business dominated by outsize carriers running megaships in global supply chains, says an article published in The Wall Street Journal.

The company is touting its “flexibility and agility” to capitalize on the surging demand from mainly Western retailers looking to circumvent shipping logjams by using premium-priced, point-to-point services.

About ZIM

ZIM, which has...

https://mfame.guru/our-small-size-is-now-an-advantage-says-zim-chief/

Asian LNG Prices Slip as China Stays Away

  • LNG shipping rates for the Pacific basin jumped to $75,000 per day, from $61,000 – $65,000 last week.
  • The average LNG price for November delivery into northeast Asia was estimated at $5.55 per million British thermal units (mmBtu), down from $5.75 per mmBtu last week.
  • Dutch front-month prices, a European benchmark, traded at around 16 euros per megawatt-hour, or $5.15, compared to $3.51 at the end of September.
  • European countries such as France, Austria, and Poland reported gas storage 100%...

http://mfame.guru/asian-lng-prices-slip-as-china-stays-away/

Maersk Offers Online Digital Customs Clearance

Maersk launched a digital customs clearance platform for seven European countries, which claims to be an industry first, with the goal of expanding the system globally by year end, reports Seatrade Maritime News.

How is the system beneficial?

Every port in every country puts cargo through many different rules, regulations and laws. Aiming to provide simple and easy-to-use solutions, and to streamline the trade processes around container shipping, Maersk has taken customs clearance online.

The aim...

http://mfame.guru/maersk-offers-online-digital-customs-clearance/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon