As transpacific ocean carriers approach a new season of contract negotiations with BCOs, supply chain advisors at Drewry are offering advice to help shippers navigate the impact of the new fuel surcharges.
If they are to survive, ocean carriers must be compensated for the extra cost of using low-sulphur fuels, a result of the IMO’s 0.5% sulphur cap regulations which come into force on 1 January 2020.
And several carriers have warned …
Owners of feeder vessels are set to benefit from “market disruption” ahead of IMO 2020, with a “significant upside” on charter rates for ships fitted with exhaust gas cleaning systems (scrubbers).
Speaking during the MPC Container Ships Q3 earnings call, chief executive Constantin Baack said the company had concluded “favourable” long-term charters for six ships due to be fitted with scrubbers, and was talking with a number of other container lines about …
The post MPC sees ‘significant upside’...
https://theloadstar.co.uk/mpc-sees-significant-upside-scrubber-linked-charters/
In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year.
According to data supplied by shipbroker Braemar ACM, so far this year 52 containerships, equating to 94,000 teu, have been sold for demolition, compared with 141, for 398,500 teu, in the same period last year.
A rebound in charter rates, prompted by a shortage of tonnage in the smaller-sized sectors …
The post Containership scrapping gathers pace ahead of IMO 2020
https://theloadstar.co.uk/containership-scrapping-gathers-pace-ahead-imo-2020/
Hapag-Lloyd has rolled out its plans for recovering the extra cost of compliance with the IMO’s 0.5% sulphur cap for shipping, which comes into force in less than 15 months.
It no doubt hopes its proposals will be better received by customers than those of its rivals – slammed by suspicious shippers as “lacking transparency” and “blatant profiteering”.
Hapag-Lloyd estimates the annual cost of compliance with IMO2020, from 1 January 2020, for its fleet of some …
The post Hapag-Lloyd attempts to...
https://theloadstar.co.uk/hapag-lloyd-attempts-avoid-messy-imo-2020-unveiling-fairer-mrf/