For the first time, NOAA is launching a national rip current forecast model, aimed at saving lives of beach-goers around the country. This new model can predict the hourly probability…
FORECAST
EU Report Shows Scale Of Shipping’s Harm On Environment
(Bloomberg) –Europe’s first environmental impact assessment for the shipping industry shows the challenge it faces in reaching the goal of climate neutrality by the middle of the century. The maritime…
Blank sailings plummet just before Chinese New Year 2021
Normally, around about now, shipping companies announce a series of blank sailings which coincides with the Chinese New Year.
It’s one of the most important holidays in China and large numbers of workers go home to be with their families. So many people are on the move that it is said to be the world largest annual human migration.
However, COVID is a factor this year.
Shipping Australia understands that, because of COVID, this year’s travel season (while still massive) will be more restricted...
https://shippingaustralia.com.au/blank-sailings-plummet-just-before-chinese-new-year-2021/
Trucking and the National Weather Service
The National Weather Service (NWS), which turned 150 years old in 2020, is the backbone of forecasting in the U.S. To fulfill its mission “to protect life and property,” teams of meteorologists across the country issue an array of products every day, several times a day, that help people get ahead of the weather. These products also help businesses, like the trucking industry, save time and money.
A brief history
The precursor to the NWS dates back to 1849, when the Smithsonian Institution...
https://s29755.pcdn.co/news/trucking-and-the-national-weather-service
Hurricane season could be worse than experts initially thought
The 2020 hurricane season is off to a quick start, with five tropical storms in the books as of Wednesday. Two formed before the official start of the season, which is June 1. All of this early development could be a sign of busy times ahead in the Atlantic basin.
Right now, sea surface temperatures (SSTs) in the Gulf of Mexico, western Atlantic, and subtropical Atlantic are warmer than normal, ranging from the lower 80s to the...
https://s29755.pcdn.co/news/hurricane-season-could-be-worse-than-experts-initially-thought
Modest cargo growth forecast in 2019 for Long Beach
A slowing domestic economy will likely lead to a moderate uptick in container imports through 2019, following a robust year that was marked by record-high cargo growth amid a trade dispute with China, experts said Wednesday, March 27, at the Port of Long Beach’s 15th annual Pulse of the Ports Peak Season Forecast.
About 500 people gathered at the Renaissance Long Beach Hotel for the event, which brought together a panel of experts from every segment of the shipping and goods movement industry to...
https://container-news.com/modest-cargo-growth-forecast-2019-long-beach/
K Line revised financial forecast – Wider losses expected
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announced on March 7 to carry out business structural reforms, mainly for profitability improvement and reduction of fleets being effected for the
exposure to risks from market conditions, for upcoming financial results ending March 2019, by considering the largely changeable business environment. As to the cost of the business structural reforms, “K” Line estimates approximately 65 billion yen followed with provision for loss related to containerships...
https://container-news.com/k-line-revised-financial-forecast/
Revised cherry forecast for Chilean exports
New estimate pegs 2018/19 export crop at 167,232 tonnes, a decrease of 7.1 per cent on the original forecast
Chilean cherry exports are projected to fall by 10.5 per cent on last season following the rain and hailstorms that struck central Chile earlier this month.
The forecast, which was released by the cherry committee after its latest crop estimate on 16 November, gives an export total of 33.45m cartons (5kg), or 167,232 tonnes. This is a 7.1 per cent decrease on the original estimate for...
http://container-news.com/revised-cherry-forecast-chilean-exports/
K Line’s Year-end Dividend forecast
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announces that, that at Board of Directors meeting on Oct. 31, an update has been issued to Year-end Dividend forecast as provided below.
1. Forecast for Year-end Dividend for fiscal year ending March 2019
1) Details of Dividend Forecast
2) Reason for Dividend Forecast
“Our important management task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund investment for sustainable growth and strengthen our financial...
http://container-news.com/k-line-year-end-dividend-forecast/
ONE forecast to make a notable loss
Notice of Revisions in First Half and Full Year Consolidated Business Forecasts of Integrated Container Shipping Operating Company Ocean Network Express Pte. Ltd.
Ocean Network Express Holdings, Ltd. (hereinafter referred to as “ONE Holdings,” which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha (hereinafter referred to as “the three parent companies”) as a holding company for the integration of the three parent companies’ container...