Insight – Page 21
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Wallenius Wilhelmsen joins CSA 2020
Wallenius Wilhelmsen has joined the Clean Shipping Alliance 2020 (CSA 2020), increasing the organisation's membership to 35 shipowners operating a combined fleet of almost 2,500 vessels.
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Opportunities in emerging markets
The logistics industry forecasts that emerging markets will grow at a healthy rate of 5 percent in 2019 but many executives are bracing for a crisis, according to Agility’s emerging market index.
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ING and EIB to finance Spliethoff scrubbers
ING Group and the European Investment Bank (EIB) have signed a EUR110 million (USD124.7 million) loan agreement with Spliethoff to finance the retrofitting of exhaust gas cleaning systems and ballast water management systems.
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Much work to be done says Clean Arctic Alliance
As the International Maritime Organization (IMO) moves towards a ban on heavy fuel oil (HFO) in Arctic shipping, the Clean Arctic Alliance has called for further action.
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Demand and innovation blossom in heavy haulage sector
Demand in the USA for heavy-duty prime movers has shown little sign of abating. Industry analyst Freight Transportation Research (FTR) has reported continued growth in North American Class 8 orders for October 2018, writes David Kershaw.
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Leaner and greener shipping to attract investment
Shipping will continue to attract investors in 2019, as long as the industry fulfils its environmental, social and governance (ESG) responsibilities, according to accountant and shipping adviser Moore Stephens.
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Samskip takes lead in Seashuttle project
Multimodal logistics provider Samskip has been named lead partner in Seashuttle – a project that aims to bring emissions-free, autonomous container ships to market.
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Wikborg Rein adds three
International law firm, Wikborg Rein has appointed Renaud Barbier-Emery and Jonathan Goldfarb as partners, and Ina Lutchmiah as a senior lawyer.
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Shipping confidence dips
According to the latest survey from international accountant and shipping adviser Moore Stephens, shipping confidence dipped slightly in the three months to end-November 2018 falling to 6 out of a maximum score of 10.
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Costs set to rise as Sulphur 2020 looms
With the 2020 deadline looming for the IMO’s sulphur cap, the industry is still uncertain about the best path to take for compliance. One thing seems to be assured, however, and that is price hikes for shippers and beneficial cargo owners.
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Verdicts announced in fraud trial
On November 27, verdicts were announced at the UK's Southwark Crown Court regarding logistics activities relating to ConocoPhillips' Jasmine North Sea oil exploration project.
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Long-term growth of renewable energy requires structural change
EY’s latest renewable energy attractiveness index (RECAI) reported little movement among the top ten markets for renewable energy installations, as governments and industry players continue to bide their time amid ongoing instability.
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Crawler crane market set for growth
Shipments of crawler cranes are expected to grow at a compound annual growth rate of over 4 percent according to a new research report by Global Market Insights (GMI).
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Heavy-duty transport emissions set to decline
Reaching net-zero carbon emissions for heavy industry and heavy-duty transport sectors is technically and financially possible by mid-century – 2050 in developed countries and 2060 in developing countries - according to the Energy Transitions Commission.
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Companies prepare for Brexit
While Germany's Cuxhaven Port Association plans to intensify its preparations for the UK's exit from the European Union (EU) next year, industrial relocation logistics company Modpack Group is optimistic about the opportunities Brexit will bring.
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Can the market sustain USD100 oil?
With oil prices hovering around USD80 per barrel, industry analyst McKinsey suggests that a combination of factors could tighten oil markets further and propel the commodity past USD100.
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Why does the transport industry need neutral cargo surveyors?
Christoph Bruns of Mund+Bruns GmbH defends the role and worth of the independent and neutral surveyor in the project cargo supply chain.
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BIMCO develops bunker clauses ahead of Sulphur 2020
The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020.
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Banks reduce shipping exposure
As banks continue to distance themselves from the shipping sector, two of Germany’s prominent lenders - Commerzbank and Nord/LB - have announced further reductions in their shipping portfolios.
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Positive outlook for Entrec
In announcing its third quarter financial results, specialised transportation and crane services provider Entrec has outlined its strategy and outlook for 2019.