Shipping

Why the container industry needs to replace BAF with a new pricing tool

The container industry has an elephant in the room. It’s big, smelly and has some serious boundary issues. Its name is the Bunker Adjustment Factor and recently it has grown so large that market players can barely see each other behind its fat bulk.

It creates a lot of uncertainty and engenders a lack of trust in the supply chain, which is dangerous for everyone be it a carrier, a BCO or a logistics provider.

With the prospect of volatile times ahead, and bunker prices likely to take the...

http://blogs.platts.com/2018/03/21/container-industry-needs-replace-baf-new-pricing-tool/

Shipping Traffic in Canadian Arctic Nearly Triples


A new study on shipping in Canada’s Arctic has found that traffic in the region almost tripled between 1990-2015.

The researchers found that the annual distance traveled by all vessels grew from around 350,000 kilometers to over 900,000 kilometers with the majority of growth occurring over the past decade.

Cargo ships as well as government vessels, including icebreakers, account for the largest share of traffic while pleasure craft, primarily private yachts, represent the fastest growing type...

http://www.highnorthnews.com/shipping-traffic-in-canadian-arctic-nearly-triples/

Norwegian and Russian SAR Actors Meet in Kirkenes


Norwegian representatives constitute a majority when Norwegian and Russian Search and Rescue actors meet in Kirkenes to practice their skills next week.

Among the 80 conference delegates, there are 70 Norwegians and a Russian delegation of 10 when the search and rescue conference takes place from 5-8 March. During the conference, one of the items on the agenda will be a tabletop exercise concerning a fictional accident in Arctic waters.

Cruise traffic in the Arctic is increasing, and for instance...

http://www.highnorthnews.com/norwegian-and-russian-sar-actors-meet-in-kirkenes/

US and Russia propose two-way shipping routes in Bering Sea


The United States and Russia jointly propose a routing system for vessels passing through the Bering Strait and Bering Sea. The scheme aims to organize and direct ships along fixed corridors passing through these Arctic waters and thus reduce the risk of collisions.

The proposal comes in the form of a document jointly submitted to the International Maritime Organization suggesting the establishment of six recommendatory two-way routes and six precautionary areas in the Bering Sea and Bering...

http://www.highnorthnews.com/us-and-russia-propose-two-way-shipping-routes-in-bering-sea/

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