Container shipping line APL has released a video demonstrating the benefits of sharing data and the potential of intelligent container tracking.
https://www.porttechnology.org/news/friday_focus_apl_and_traxens_intelligent_containers
Finance
Kalmar to Deliver Forklift Boost to Antwerp
Kalmar, a provider of lifting solutions, has agreed a deal with Antwerp Euroterminal NV, Belgium, to supply six forklifts with varying specifications
https://www.porttechnology.org/news/kalmar_to_deliver_forklift_boost_to_antwerp
Greek shipowners dodge Brussels bullet over tonnage tax
EU is understood to be dropping its challenge on Greece’s tonnage tax regime but only after owners agree to pay a charge on repatriated dividends
PSA and DP World to Begin Egypt Port Bid
PSA International and DP World are among the terminal operators due to bid for the construction of Egypt’s first dry port, according to Reuters which quotes the country’s transportation ministry and public-private partnership (PPP).
https://www.porttechnology.org/news/psa_and_dp_world_to_begin_egypt_port_bid
China writing new interbank rules, OMFIF launches Global Public Investor 2019
China writing new interbank rules, OMFIF launches Global Public Investor 2019
Commentary: China writing new interbank rules
By Herbert Poenisch in Beijing
China’s commercial banks have struggled in the international arena. They are the biggest in the world, but must abide by rules written over the past few decades by western banks, despite having operated correspondent accounts for many years and working as trusted partners in the global interbank market. Chinese banks’ sense of unease about not...
US Government Launches Major Port Investment
The US Department of Transportation has announced that it will invest $292.7 million as part of a port infrastructure development programme
https://www.porttechnology.org/news/us_government_launches_major_port_investment
CMA CGM Launches Asian Freight Service
CMA CGM, the fourth largest container shipping line in the world, has teamed up with CEVA Logistics to launch a new cross-border service for ocean freight containers used by customers across Thailand and Laos.
https://www.porttechnology.org/news/cma_cgm_launches_asian_freight_service
Petrofin says end of Greek lending drought is in sight
Credit Suisse emerges as the leader in Greece’s ship financing for the fifth year
Worldwide economy close to another recession
Global trade flows are decreasing in all key regions as the world economy is close to recession for the first time since 2008/09. If this happens, it could limit growth in oil consumption, specifically for mid-distillates such as diesel.
As Reuters reports, freight volumes handled through major ports such as Long Beach and Singapore have either remained flat or have reduced in comparison to 2018.
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What is more, seaborne container volumes via California’s Long...
https://safety4sea.com/worldwide-economy-close-to-another-recession/