Pain for shippers as IMO 2020 sulphur cap related bunker surcharges set to kick in

shipping and freight news - shipping and freight resource

The regulations surrounding the IMO 2020 sulphur cap are here to stay..

Several shipping lines like Maersk, MSC, CMA-CGM, ONE, OOCL and APL had announced in late 2018 that these costs for compliance will have to be passed on to customers/trade through the implementation of new or adjustment to existing fuel surcharges, which may vary based on the trade lanes..

These new bunker surcharges are set to kick in as of this week..

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2019 claims its first casualty of containers going overboard

Shipping and Freight Resource - News

Barely a day into the new year, 2019 has already claimed its first casualty in terms of containers lost at sea..

MSC Zoe, a 396m long containership capable of carrying 19,224 TEU was the unfortunate ship which got caught in heavy seas between Vlieland, Netherlands and the German Bight in the North Sea on New Year’s Day as per the Dutch Coastguard..

Although the exact number is to be verified, the coastguard is indicating that as much as 270 odd containers may have gone overboard in tough weather conditions..

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FMC’s Demurrage and Detention Charges investigation completed

shipping and freight news - shipping and freight resource

As you maybe aware, the Federal Maritime Commission initiated investigation, Fact Finding 28, in March 2018 to look into the question whether demurrage and detention charges in the shipping industry were justified..

Industry stakeholders raised a petition to address the question whether demurrage and detention fees charged to shippers for storing containers and using equipment beyond the carrier’s or terminal’s allowed “free time” were just and reasonable..

This question arose on the back of demurrage and detention charges levied by the port, terminal and shipping lines to the shippers especially in the key USA gateways of Los-Angeles/Long Beach on the West Coast and New York-New Jersey on the East Coast..

Here are the results of the investigation and its findings..

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What is Low Sulphur Surcharge and why is it applicable..??

Low Sulphur Surcharge

In April 2018, more than 100 Member States met at the International Maritime Organisation 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..

The current global limit for sulphur content of ships’ fuel oil is 3.50% m/m (mass by mass)..

The regulations to reduce sulphur oxide emissions has introduced a new global limit for sulphur content of ships and as from 1st of January 2020 the new global limit on the sulphur content will be 0.50% m/m..

The LSS or Low Sulphur Surcharge is as a consequence of this meeting..

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Will the container industry ever forget FOB – Free On Board

FOB - Free on Board - Shipping and Freight Resource

I can visualise a few raised eyebrows to the question “Will the container industry ever forget FOB”..

Especially since FOB has been and still seems to be an integral part of container shipping industry on many fronts..

It has been an industry standard, part of the furniture, sort of a boilerplate, an established term in the industry..

So what changed and why this question..??

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More ships using vegetable oil as fuel

shipping and freight news - shipping and freight resource

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..

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Difference between a Freight Forwarder and NVOCC

difference between nvocc and forwarder

NVOCC and Freight Forwarder are entities that many customers use for the movement of their cargo around the world.. Is there a difference between a NVOCC and freight forwarder..??

Let us explore in this article..

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The importance of planning your shipments

planning your shipments - shipping and freight resource

Planning your shipments is very important in shipping..!!!!!!!! Uh, Duh..!!!

As obvious as it sounds, there are several cases where this may not happen due to a variety of factors ranging from lack of planning to incorrect processes followed to tight deadlines to simply circumstances..

People do not realise the number of type of issues that could happen in a shipment and that there are several possible causes for delays however insignificant the reason maybe..

Here is a great live example which happened last week..

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Digitalization club for container industry in the making

shipping and freight news - shipping and freight resource

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..

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Extreme winds shuts down the port of Port Elizabeth in South Africa

shipping and freight news - shipping and freight resource

Port Elizabeth is one of the main ports in South Africa and is a main port of call for many carriers on the East/West Trade between Far East/South East Asia and the Americas and the North/South Trade between Africa and Europe..

Since the morning of 30th October, access to this main port has been restricted as one of the 5 STS (Ship to Shore gantry cranes) was blown off its rails due to the extreme winds that Port Elizabeth (PE) has been facing..

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India’s first container cargo movement through inland waterways

shipping and freight news - shipping and freight resource

In what is seen as a landmark moment in the history of shipping in India in recent times, PepsiCo will move 16 containers filled with food and snacks on a vessel, the MV RN Tagore (for Rabindranath Tagore) from Kolkata to Varanasi on river Ganga using the National Waterway-1..

This will mark India’s first container cargo movement through inland waterways..

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MSC continues its investment in smart containers

shipping and freight news - shipping and freight resource

Smart containers are dubbed as one of the innovations that is set to change the way in which we carry out traditional container shipping services..

This innovative technology is said to transform a standard ISO container into a smart, connected object which collects and communicates real-time data on its position and movements throughout its journey..

MSC’s is partnering with TRAXENS to convert 50,000 of its dry cargo containers to smart containers..

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More shipping lines join the 2020 sulphur cap fuel surcharge bandwagon….

shipping and freight news

Currently the bunker fuels used in all modern commercial ships have a high content of sulphur which is quite harmful to the environment..

The current global limit for sulphur content of ships fuel oil is 3.50% m/m (mass by mass)..

The IMO has been working to reduce harmful impacts of shipping on the environment since the 1960’s and as from 1st of Jan 2020, has implemented regulations that sets the new global limit on the sulphur content at 0.50% m/m..

IMO has advised several methods through which ships can meet lower sulphur emission standards, which obviously comes at a cost.. Read and share your comments on how these new costs may affect you..

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Pros and Cons of a Consol Box

consol box

In the course of business you might have heard of the term “Consol Box“.. In this article we look at what a consol box is, how it works and the pros and cons of a consol box..

A Consol box is considered by many as a simple way to get shipments to their destinations cheaply and efficiently..

As a customer, you need to understand the way consolidation works and the options that are available for the proper planning, execution and delivery of goods to the destination..

As with any activity there are Pros and Cons of using a consol box which is discussed below..

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