SEA

Fifteen Greeks Among Lloyd’s Top 100 Influential People in Shipping

Fifteen Greeks Among Lloyd’s Top 100 Influential People in Shipping-Forwardernews

As well as outnumbering all other nationalities in global shipping, many of the Greek shipowners the list were ranked higher in 2018 than in the previous year, signaling the improved image of Greek shipping.
The number one Greek individual in shipping for yet another year is Giannis Angelicoussis, who is in the sixth position, two positions higher than last year’s ranking of eighth. Kitack Lim, the South Korean Secretary-General of the International Maritime Organization is in first place.

Leading Japanese Shipping Line Will Introduce Digital Currency

Leading Japanese Shipping Line Will Introduce Digital Currency- Forwardernews.com

The Digital Currency Will Launch By The First Quarter Of 2019

People that are familiar with the matter told Bloomberg that the company would be introducing its virtual currency for crew members.The goal is to simplify the process of “Managing”, sending and converting money into the workers’ local currencies. The coin will be tied to the USD to avoid any severe swings in value associated with virtual currencies.
However, according to the news outlet, it’s not clear whether the company’s digital currency will use the blockchain technology or a form of cryptocurrency.
The undisclosed source adds that the shipping giant has been working with banks and software development companies to ensure the digital currency can be converted into local currencies.

Companies ready to move supply chains from China

Companies ready to move supply chains from China-Forwardernews

A common theme is that they are ready to relocate supply chains if the cost of importing Chinese goods becomes prohibitive.
US President Donald Trump imposed a 10 percent tariff on US$200 billion (S$276 billion) of Chinese imports last month - following an earlier round of tariffs on US$50 billion of goods - and promised to raise the duty to 25 percent in January.
He has also threatened to expand the levy to all products imported from China - an amount that totaled US$531 billion in the 12 months to August inclusive, according to the latest data from the US Department of Commerce.
Here is what companies are telling analysts:

BW LNG Appoints First Female Captain of LNG Carrier

BW LNG Appoints First Female Captain of LNG Carrier-Forwardernews

Captain Pletena began her career as a deck cadet with Bergesen, a Norwegian shipping company, in 2001, from the Latvian Maritime Academy.
“Upon graduation, I returned to Bergesen as the fourth mate and made my way to where I am now. For several years, I had to combine work at sea as a junior officer and studies at the Latvian Maritime Academy on a correspondence course, which was not easy at all,” Ms. Platena said in an interview in the latest edition of BW Group’s World Horizon magazine.

Mixed reaction over plan to revive ailing shipping agency

Mixed reaction over plan to revive ailing shipping agency-Forwardernews

As a key strategy in the recovery of KNSL, Cabinet proposed among other things, giving the company the sole mandate to handle Government cargo, estimated to be worth over Sh500 million annually.
The government further signed a memorandum of understanding with global shipping line Mediterranean Shipping Company (MSC), as a partner in the venture that is expected to see KNSL get to its feet and help Kenya exploit her potential in the Blue Economy, a key plank in Jubilee administration’s economic plan.
At least Sh250 million will need to be pumped into KNSL to make it fully operational with a target to create over 6,000 jobs five years after its revival as it seeks a slice of Sh300 billion worth of business in the shipping industry.

CMA CGM to Continue Pursuing Acquisitions

CMA CGM to Continue Pursuing Acquisitions-Forwardernews

Speaking on the sidelines of yesterday’s inauguration of the company’s new flagship, the 20,600 TEU CMA CGM Antoine de Saint Exupery, in the Port of Le Havre, the company’s CEO Radolph Saade, confirmed to Reuters his company was interested in Hapag-Lloyd but added that the matter was closed now.
Potential future targets of the company have not been revealed.

Digital Freight Forwarding Group Subsumed by Largest Global Container Shipping Line

Digital Freight Forwarding Group Subsumed by Largest Global Container Shipping Line-Forwardernews

Launched in April 2017, Twill was created as a 'Damco innovation' and operated as a partner with the freight forwarder and supply chain management company, which is part of AP Moller - Maersk. The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the AP Moller - Maersk strategy to become a global integrator of container logistics offering end-to-end solutions.
The online Twill platform aims to provide greater control of shipments by offering instant price quotes and booking, transparency and tracking services, simplified paperwork and proactive customer care. Troels Stovring, CEO of Twill, commented:

Port Houston Jumps to Top 5 U.S. Container Ports

Port Houston Jumps to Top 5 U.S. Container Ports-Forwardernews

Port Houston, which has been expanding rapidly in recent years, has climbed to become the fifth largest container port in the U.S., according to JOC Piers data covering the second quarter of 2018. Port Houston handled 1,057,964 twenty-foot-equivalent-units (TEUs) during that period and catapulted up from the sixth spot.
Port Houston is outpacing trade for the U.S. as a whole this year, led by strong imports, the data also shows. For example, during the first six months of 2018, Port Houston imports from the Trans-Pacific region jumped by 24 percent, a significant hike compared to overall U.S. Trans-Pacific imports, which increased by 5 percent.

Kenya to Revive National Shipping Line in Partnership With MSC

Kenya to Revive National Shipping Line in Partnership With MSC-Forwardernews

The Kenya National Shipping Line, which was established in 1987 and stagnated after years of mismanagement, is “expected to once again become an active participant in international seaborne trade, which accounts for a significant percentage of Kenya’s total trade,” Kenyatta said Thursday after signing an agreement with MSC’s First Vice President Giovanni Cuomo.
The government proposes to give the KNSL, which is owned jointly by the East African state and three foreign shareholders, the sole mandate to handle government cargo, the presidency said in another statement on Tuesday.

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.

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