2020 bunker changes
In 2016, the International Marine Organization (IMO) agreed to limit the sulphur content in all marine fuels to 0.5% beginning in 2020, which has distinct ramifications for shippers, as carriers invest in fuel cleaning systems or switch to more expensive lower sulphur fuels.
The IMO ruling, wh...
Read more Shipping line withdraw from China
Shippers from China have already seen the increased use of slow steaming, ship idling, blank sailings, and exhaust scrubbers to absorb additional capacity, and now it is announced by CMA-CGM that APL, will exit the Asia-Europe trade on 1st October.
In an effort to rationalise services and redu...
Read more Volatility masks reality
Asia-Europe volumes may have fluctuated in the 1st quarter of 2019, but it doesn’t hide the fact that growth has been slowing and with 460,000 TEU of ultra-large container vessels scheduled for delivery this year, capacity is going to massively outstrip demand in 2019.
Despite a surge at the...
Read more Carriers protect rates
With economic indicators forecasting a slowdown in trade demand in 2019 and more new container ships due on the Asian trade, the shipping lines are introducing slow steaming, ship idling, blank sailings, and exhaust scrubbers to absorb the additional capacity.
December and January are traditio...
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