Latest Maritime News
February 4-February 18, 2020
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Ships Are Skipping China and It's Causing Turmoil for Trade
February 2020 will come to be remembered as a period of historic disruption to physical supply chains the world over, as the Coronavirus wrecks trade.
Dozens of export sailings to ship China-made goods to consumers from the U.S. to Europe -- think handbags, flat-screen TVs, and plastic toys -- have been canned since the Coronavirus crisis escalated last month. Those non-shipments are part of a much bigger picture in which every aspect of global shipping -- from oil and gas through to dry-bulk commodities -- has been upended
.
Continue reading here
(
Source: Bloomberg)
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Enforcing IMO 2020 Sulphur Limit - Verifying Sulphur Content of Fuel On Board
IMO 2020, the 0.50% limit of sulphur in ships’ fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide. From 1 March 2020, the carriage ban on non-compliant fuel oil (except for ships with exhaust gas cleaning systems installed) will enter into force, helping to support implementation of the global sulphur limit. To support the safe and consistent sampling of fuel oil being carried for use, and the enforcement of the carriage ban, IMO's Sub-Committee on Pollution Prevention and Response (PPR), meeting this week (17-21 February) at IMO headquarters, will finalize draft guidelines for the verification of the sulphur content of the fuel oil carried for use on board a ship.
The Sub-Committee will also continue its work on revising the 2015 Guidelines for exhaust gas cleaning systems (also known as “scrubbers”). The revision is aimed at enhancing the uniform application of the guidelines, in light of recent technical developments and experience gathered from approvals and operation of such alternative compliance systems.
Continue reading here
(
Source: Bunker Ports News)
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World Health Organization (WHO) Says Cruise Travel is "Manageable Risk" Following Coronavirus Fears
World Health Organization (WHO) said that cruise ship travel is a ‘manageable risk’ and does not require a ban due to rising Coronavirus fears.
The release of passengers from two cruise ships, Diamond Princess and Westerdam, has sparked fears of the virus spread.
On 18 February, the confirmed cases on the Diamond Princess cruise ship have reached 542, which is an increase of 88 compared to the previous day.
WHO Health Emergencies Program executive director Mike Ryan said: “People say we should steer clear of cruise ships or steer clear of airports or steer clear of certain ethnic groups.
Continue reading here
(
Source: Ship-Technology)
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Global Oil Stocks to Pile Up As Proposed OPEC Cuts Are No Match for Coronavirus Induced Surplus
The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day (bpd) proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows.
Both the first and second quarters of 2020 will see global oil production surpluses. Our estimate shows that the first quarter of the year will see producers left with a stock build of 700,000 bpd. Our previous estimate was for a more or less balanced first quarter with a 100,000 bpd surplus.
The second quarter threatens to build oil stocks by 1.3 million bpd unless production is reduced further. That means that even if the OPEC+ output cuts are implemented in the second quarter, there will still be a sizeable surplus of 700,000 bpd.
Continue reading here
(Source: Rystad Energy)
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Panama Canal Imposes 'Freshwater Fee' to Ensure Transit Reliability
Despite
the International Chamber of Shipping (ICS)
efforts to pursue Panama Canal to reconsider the Freshwater Charge implementation several days ago, the water tax for ships passing through the passage, has been set into force from 15 February.
After a month of Panama Canal's announcement for
freshwater surcharge
, ships will from now pay the new fee which aims to give a boost to the passage's water levels.
In fa
ct, charges for the use of fresh water range approximately to $1.500 and $5.000 dollars, while vessels with a length from 38.1 meters to 60.96 meters will have to pay $2.500 and ships with a length more than 91.44 meters will pay up to $10.000.
Continue reading here
(Source: Safety4Sea)
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New Zealand Ports See Growth Amid Potential Cargo Shift
New Zealand's ports have generally continued to experience growth in container volumes amid potential that all freight operations at the Ports of Auckland could eventually get dispersed amongst other nearby ports.
Ports of Auckland plays a huge role in New Zealand's trade with other countries, being that it handles the second highest amount of container volumes in New Zealand, with the Port of Tauranga taking first place. However, the Ports of Auckland did experience year-over-year declines in net profit and container volumes for fiscal year 2019, which ended June 30, 2019 for New Zealand's ports.
From port to port. New Zealand's ports collectively handled 3.43 million TEUs in FY 2019, up 1.3% from FY 2018 and up 7.4% from two years prior, as illustrated in the chart below, which was built using data from the relevant port authorities across the country.
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(Source: Bunker Port News)
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China's Shipping Nears a Standstill Amid Coronavirus Disruption
Shipping volumes out of China are plummeting as the impact of the Coronavirus outbreak takes a deeper toll on industrial production, and ocean carriers are bracing for financial blows from the diminished output.
“Substantially less cargo is being moved between China and the rest of the world” said Lars Jensen, head of Denmark-based maritime research group Sea-Intelligence. “Last week we had an additional 30 sailings canceled, with 23 across the Pacific and the rest to Europe.”
Mr. Jensen said the canceled trips, which have topped 50 since late January, will delay or reduce shipments into the U.S., where retailers may see a slowdown in their traditional restocking of inventories for the spring.
Continue reading here
(Source: The Wall Street Journal)
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