In one of our previous articles about IMO 2020 Sulphur Cap, we reported that many shipping lines will be adopting the regulations but also implementing a bunker surcharge to cover the same..
MSC is one of the lines that have announced the introduction of new bunker charges as of 1 January 2019 to achieve the common goal of improving environmental performance in the container shipping supply chain, as required by the IMO 2020 Sulphur cap..
MSC has revealed the mechanisms for the calculation of their 2020 sulphur cap bunker surcharge..
In April 2018, more than 100 Member States met at the United Nations International Maritime Organization (IMO) in London and adopted an initial strategy on the reduction of greenhouse gas emissions from ships by at least 50% by 2050 compared to 2008 levels..
It was reported previously, that as from 1st of January 2020 the new global limit on the sulphur content will be 0.50% m/m..
More and more shipowners seem to be going the route of using vegetable oil as fuel..
In a demonstration of what positive things can happen when the Government and Agricultural sector partner in innovation, a new paperless system is set to save South Africa’s fruit export sector ZAR250 million..
After a successful pilot and implementation by Department of Agriculture, Forestry and Fisheries (DAFF), the roll out of a new e-Certification IT platform to the fruit industry in 2019, will save the industry at least R250 million over the next five years..
Major shipping lines from within the container shipping industry namely, Maersk Line, MSC, CMA-CGM, Hapag Lloyd and ONE are locked in discussions to create an association looking to pave the way for further digitalization, standardization and interoperability within the industry..
CargoX wins the IRU World Congress Startup competition among 77 competitors, impressing more than 1000 attendees from over 60 countries.
The IRU organization is constituted of more than 100 national transport associations and transport operators. Igor Jakomin, Ph.D., COO of CargoX, pitched the CargoX platform to a jury of venture capitalists, business professionals, and industry experts.
The startup competition was organised by Road Ventures SA, a Captive Venture Capital Fund that supports innovation in mobility. The competition was dedicated to launching and advising the world’s next wave of leading entrepreneurs.
Blockchain – that newfangled concept seems to be catching on quickly and moving along quite nicely in the shipping and freight industry..
A Blockchain is a ledger that uses cryptography, the internet and naturally computers to create, share, transfer, track and secure assets and transactions (represented/organised as blocks) belonging to everyone to fulfil a certain function..
Unless the previous transaction is not completed in the chain and shared forward with a timestamp, the next transaction cannot happen..
In the first transaction of its kind in India, HSBC India and ING Bank Brussels have enabled, successfully executed and completed a full blockchain driven trade finance transaction between India’s Reliance Industries and USA’s Tricon Energy..
A.P. Moller – Maersk becomes the first container shipping company to launch instant booking confirmation..
One of the first steps in a container shipment is the process of booking..
This is also one of the areas where the customers often face delays leading to frustrations resulting in sometimes the deal between the shipping line and the customer being cancelled even before the shipment takes place..
Maersk Line, currently the largest container shipping line in the world has reportedly become the first container shipping company to launch instant booking confirmation much like a flight ticket booking..