Stena Line Media StatementIan Davies, Head of UK Port Authorities, Stena Line
The Majority of freight has successfully accessed our ports on the first day post-Brexit
“Currently freight traffic is flowing well through our ports across the UK and Ireland. All government customs and regulatory IT systems are working well with no issues reported.
“At present freight volumes are markedly down on pre-Christmas/Brexit stockpiling levels, so it is too early to draw any conclusions. But we are happy with...
Red Alert with the BDI@1,124; Geopolitics still perplexed and Coronavirus will turn things upside down…
The BDI (Baltic Dry Index) lost 17 points since yesterday. The Geopolitical situation smells fire… Covid-19 might become uncontrollable. John Faraclas’ brief daily recap:
Capes’ BCIlost 63 points and now read 1,550 losing also the 1,600 points threshold.
All other indices on the up; the Panamaxes’ BPI was up a doze points and now stands a 1,177…
VesselsValue partners with Concirrus to provide clients with improved underwriting capabilities.
VesselsValue, an online valuation and data provider announces a new data partnership with leading InsurTech, Concirrus. This partnership will enable real-time fluctuations in global shipping fleet market values, demolition values and newbuild values to be added to Concirrus’ predictive risk models. Concirrus’ marine insurance risk models empower (Re)Insurers to respond quickly to changing market...
Samskip renews Amsterdam-Hull for UK trade requirements
Multimodal transport operator Samskip is responding to recovering North Continent-UK unitised traffic by reintroducing direct links between Amsterdam and Hull, in a service renewal that reinforces containerised short sea options ahead of finalised Brexit trade negotiations.
Starting from September 5th, the three-times weekly service will depart from the TMA Terminal Amsterdam and connect into Associated British Ports’ terminal at Queen...
Freight forwarding sector welcomes government support for key short sea trade routes
In response to today’s news that the government has signed agreements with six operators to provide up to £35 million to help ensure there is enough short-sea shipping capacity to prevent disruption to the flow of freight, Robert Keen Director General of the British International Freight Association comments:
“The government’s decision to provide financial support to safeguard 16 of the most important...
The Netherlands has initiated the NesecShipping Debt Fund, under which institutional investors and the Province of Groningen will offer financing for Dutch shipowners who are planning to acquire (or re-build) short sea vessels. Mona Keijzer, the Dutch State Secretary for Economic Affairs and Climate Policy, inaugurated the Dept Fund on 27 January.
The fund is partly backed by a guarantee from the Dutch state, while the NSDF lending is supplemental to existing credit capacity from banks,...
Chain parties in the port of Rotterdam launched a set of guidelines, providing recommendations to shippers and/or freight forwarders when it comes to influencing the development of a more transparent and efficient structure for the inland container shipping chain.
Given that the Port of Rotterdam is experiencing an increase in its inland container sector, the published guidelines focus on several decisive components in the sea freight process as shipper and/or freight forwarder you can...
Indian shipping Minister Mansukh Mandaviya informed that the country aspires to begin the navigation in inland waterways and passenger transportation in the rivers in the North Eastern states of India.
The company Water and Power Consultancy Services Limited (WAPCOS) is now preparing a model Detailed Project Report (DPR), in order to operate low-cost ferry services in the inland waterways in these states, sources reported.
The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure held a hearing Wednesday on short sea shipping.
At the hearing, Mark H. Buzby, Maritime Administrator, discussed the Maritime Administration’s (Marad) efforts to foster, promote and develop short sea shipping in the U.S. through the America’s Marine Highway Program (AMHP).
The Marine Highway System, which consists of the U.S. navigable waterways including rivers, bays, channels,...
The BDI (Baltic Dry Index) ended up 16 points earlier on today following the long weekend due to the spring Holiday as well as due to end of the European Union’s election process. Now if we have so far stressed the perplexed and enigmatic geopolitics affecting not only the markets but our lives, do take cover from what is next to come. And remember: news is what they DON’T tell us. John Faraclas’ brief daily recap: