By Mike Wackett
Hapag-Lloyd has rolled out its plans for recovering the extra cost of compliance with IMO’s 0.5 per cent 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”. (more…)
Following the Freight Management Association of Canada (FMA) Annual General Meeting in Toronto on October 15, the Board of Directors elected Gary Fast, Vice-President Transportation Canadian Tire, as Chair of the Association and Kleo Landucci, Chief Commercial & Corporate Affairs Officer of Ashcroft Terminal Ltd. as Vice-Chair for 2018-2019. Mr. Fast and Ms. Landucci have been members of FMA’s Board of Directors for some time and bring extensive supply chain experience to the Association and its member companies. (more…)
By Sam Whelan, Asia correspondent
The U.S.-China trade war has seemed “positive” for transpacific shipping lines, so far, with importers rushing to beat tariff deadlines. But there is growing concern that a prolonged dispute would leave shippers with question marks on whether to reorganize their supply chains. APL Chief Executive Nicolas Sartini believes the industry should still achieve trade growth this year of around 5 per cent. “So far it’s paradoxical, because the trade war has been rather positive for shipping companies,” he told delegates at the TPM Asia conference in Shenzhen. (more…)
By Mike Wackett
State-owned Korea Ocean Business Corporation (KOBC) has, reportedly, signed off on some W6.15trn ($5.4 billion) of new funding for the country’s biggest ocean carrier, Hyundai Merchant Marine (HMM) – but much of this cash will be needed to cover continued operations. (more…)
By Gavin van Marle
Hapag-Lloyd has placed an order for 8,600 Star Cool reefer containers, 2,000 of which will be controlled atmosphere (CA) units, with Maersk Container Industry (MCI). The order follows an August announcement from Hapag-Lloyd that it would be adding 11,100 reefer units to its fleet, taking its total to 91,000. (more…)