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Pirates seize 11-strong crew of Maersk-chartered containership off Nigeria

Pirates have seized 11 crew members of a Maersk-chartered containership off the coast of Nigeria, Reuters reports. Eight of those seized are Polish nationals, alongside two Filipinos and one Ukrainian. The vessel – Pomerania Sky – belongs to Peter Dohle subsidiary Midocean, which issued a statement shortly after the attack. “Our priority is securing the earliest release of the 11 crew who have been taken and we are working closely …

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2020 ship fuel overhaul will cost Russian oil firms billions

Rules mandating cleaner shipping fuels – set to take effect from 2020 – will hit Russia’s wallet. The country is the world’s largest exporter of high-sulphur oil and, according to Bloomberg, it does not look prepared for the change. Unlike its competitors in Europe and the US, which have braced themselves and made necessary changes, Russian companies have reportedly done very little. One analyst said the country had no chance …

The post 2020 ship fuel overhaul will cost Russian oil firms billions

https://theloadstar.co.uk/2020-ship-fuel-overhaul-will-cost-russian-oil-firms-billions/

Is 2017’s impressive freight forwarding growth continuing in 2018?

Transport Intelligence (Ti) has published a short update to its Global Freight Forwarding market report, following half-year figures for 2018. The data showed growth of 4.9%, year on year with air freight forwarding up 5.3% and sea freight rising 4.3% – perhaps better than some expected. The numbers indicate full-year growth in the market of 4.1%, down considerably from last year’s 8% growth. But, as Ti notes, this is primarily …

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‘Shocked Cabinet’ told no-deal Brexit may force government to operate lorry ferries

And as the phoney Brexit war draws to a close, the really crazy stuff can begin. Those harking back to the brilliance of wartime Britain may be overjoyed to read that the UK government is looking at contingencies to own and operate is own fleet of ro-ro vessels to ensure vital supplies reach these shores. According to ITV, transport minister Chris Grayling told a “shocked” Cabinet of its plans, which …

The post ‘Shocked Cabinet’ told no-deal Brexit may force government to operate lorry ferries...

https://theloadstar.co.uk/shocked-cabinet-told-no-deal-brexit-may-force-government-operate-lorry-ferries/

World’s longest sea bridge opens in China, for freight

China has opened the world’s longest sea bridge, linking Hong Kong and Macau to the mainland. The 55km bridge officially opens tomorrow, but those in private vehicles wishing to cross it will be required to obtain a special permit. Its main purpose, The Guardian reports, is for shuttle buses and freight transport. Construction began in 2009, and it has remained a contentious subject, many seeing it as way for China to encroach …

The post World’s longest sea bridge opens in China, for freight...

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UK plastics recycling under investigation for fraud and corruption

Six UK plastic waste exporters have had their licences suspended or cancelled in the past three months, with the government setting up an investigation into “widespread” abuse. The Guardian reports that the UK is about to be banned from exporting packaging waste, amid claims that organised criminals and firms have been abusing the system. Complaints range from falsely claiming for waste that does not exist, waste not being recycled and left …

The post UK plastics recycling under investigation...

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End-of-year decisions for shippers

US-bound imports are on course for record high levels. Logistics Trends and Insights, citing Port Tracker, predicts that, between September and December, imports will grow 2.3% to 4.3% year on year. With ocean imports normally slowing after the September and October peaks, the 4% growth expected in December marks a significant upturn – especially considering the current tariff stand-off between China and the US. Port Tracker suggests this growth may be linked to the …

The post End-of-year...

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Trump’s trade war told through the story of a leather belt

Here’s a fascinating in-depth look from Bloomberg at how one supply chain is set to be affected by the accelerating tit-for-tat tariff war between the US and China. The manufacturing of leather belts is no one-way street: leather hides are a by-product of the US’s enormous beef industry, and China buys around half of all US production; where it is processed and some of which it then makes into belts …

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