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Container line Hapag-Lloyd announces scrubber, LNG trials for IMO 2020 compliance

Container line Hapag-Lloyd announces scrubber, LNG trials for IMO 2020 compliance-Forwardernews

The IMO's marine fuels sulfur limit is set to drop from 3.5% to 0.5% at the start of 2020, forcing ship-operators to either switch to cleaner, more expensive fuels or install emissions-cleaning scrubber systems on board their vessels to allow them to continue to use fuel oil.
Hapag-Lloyd is currently preparing to test scrubbers on two of its vessels, and is converting a third to run on LNG, the company said last Friday.
The company has a fleet of 226 container ships and burned a total of 2.2 million mt of bunker fuel in the first half of 2018.

Brazil's Congress should weigh in on Embraer-Boeing deal: lawmaker

Brazil's Congress should weigh in on Embraer-Boeing deal: lawmaker-Forwardernews

The preliminary deal, announced last month, has drawn fire from presidential candidates in Brazil who are concerned about preserving jobs and keeping Embraer competitive. A congressional review could further complicate the politics of a tie-up aimed at challenging the alliance of Airbus SE (AIR.PA) and Bombardier Inc (BBDb.TO).

IBM and Maersk launch blockchain to reduce shipping time and costs

IBM and Maersk launch blockchain to reduce shipping time and costs-Forwardernews

TradeLens takes advantage of the blockchain, the decentralized public ledger behind such tech as cryptocurrency — to enable global trade to be more efficient and secure. More than 94 companies and organizations are supporting the project in the name of transparency, information sharing, and innovation.
Those 94 organizations are actively involved in or have agreed to participate in the TradeLens platform built on open standards as early adopters.

Politics, economy drive rail volumes

Politics, economy drive rail volumes-Led Embargo-Forwardernews

Volumes for the week ended August 4 were 570,995 carloads and intermodal units, up 4.2% from the same week a year ago.
Traffic was 279,907 carloads, up 3%, while intermodal volume was 291,088 containers and trailers, up 5.4%.
Eight of the 10 carload commodity groups posted an increase compared with the same week in 2017. They included grain, 20.2%, as exporters hurry shipments to Asia ahead of retaliatory restrictions in the face of more tariffs from the Trump Administration; petroleum and petroleum products, 15.5%, and motor vehicles and parts, 7.1%.
Declining commodities were miscellaneous carloads, 9.2%, and nonmetallic minerals, 1.3%.

OOIL Positive About COSCO Deal

OOIL Positive About COSCO Deal-Forwardernews

OOIL owns one of the world’s largest international integrated container transport businesses, which trades under the name OOCL. As at June 30, 2018, the Group had total liquid assets amounting $2.2 billion and total indebtedness of $4.2 billion. 
On July 13, a joint offer made by COSCO Shipping and Shanghai International Port to acquire all the shares of OOIL achieved the necessary level of shareholder acceptance to become unconditional.



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