SEA

MSC TO PIONEER DIGITAL INDUSTRY STANDARDS IN NEW CONTAINER LINE ASSOCIATION

MSC TO PIONEER DIGITAL INDUSTRY STANDARDS IN NEW CONTAINER LINE ASSOCIATION-Forwardernews.com

The plan to create a neutral, non-profit association for ocean carriers was first announced in November 2018. The association, focusing on driving standardization, digitalization and interoperability in container shipping, is now starting operations with a leadership team made up of senior industry figures, including Thomas Bagge, who is appointed CEO.

Liberia: Understanding the Cargo Tracking Note System and Its Benefits

Liberia: Understanding the Cargo Tracking Note System and Its Benefits-Forwardernews.com

The CTN requirement was implemented by Liberian Customs officials in 2018, obliging all Exporters / Freight Forwarders to obtain this certificate for each shipment before they touch Liberian ports.

Cargo Tracking Note (CTN) or Advance Cargo System was introduced by the International Maritime Organization (IMO) call ISPs Code after the 9/11 attack in the USA as a means of improving the security around marine shipment.

It is a system that is used to verify the security, safety, and contents of every cargo that comes in and out of every port in the world.

Many Countries in the African continent require exporters to notify Custom Authorities about the shipment details before they arrive.

IN CUTTHROAT SHIPPING INDUSTRY, SINGAPORE’S MOVES TO INCREASE ITS BERTH RATE ARE PAYING OFF

IN CUTTHROAT SHIPPING INDUSTRY, SINGAPORE’S MOVES TO INCREASE ITS BERTH RATE ARE PAYING OFF-Forwardernews.com

The deal was the final piece of the puzzle in drawing all of the world’s three major container shipping alliances – which together account for more than three quarters of the world’s container trade – to the island nation.
More significantly, it has put the Port of Singapore ahead of its nearest competitors in Asia. For Malaysia’s Port Klang, in particular, the partnership between PSA – the country’s port operator – and ONE comes “as a blow”, said shipping consultancy Alphaliner’s chief analyst Tan Hua Joo, who is based in Singapore.

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:

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