There is a “high likelihood” of a new wave of M&A activity involving medium-size ocean carriers, as the gap widens between them and the largest container lines, according to shipping consultant Drewry. The merger of the container businesses of K Line, MOL and NYK will propel the new Ocean Network Express (ONE) into fifth place in the global rankings, with around 1.7m teu of capacity (after taking into account their orderbooks), it said. Hapag-Lloyd is sixth, with approximately 1.6m teu, and with its orderbook included, Drewry said, Evergreen becomes the seventh-ranked carrier with some 1.3m teu.
The global shipping industry is urging the International Maritime Organization (IMO) to back a proposal to push back the implementation dates for installing new ballast water treatment systems on ships by two years to 2024, the International Chamber of Shipping (ICS), whose member shipping companies operate over 80% of the world’s merchant tonnage, said on Monday. “If this pragmatic proposal is agreed, this would allow shipping companies to identify and invest in far more robust technology to the benefit of the marine environment,” said ICS Secretary General, Peter Hinchliffe.
The Japanese coast guard announced Monday that the crew of the container ship ACX Crystal waited for nearly an hour to report their collision with the USS Fitzgerald, throwing the incident’s timeline into doubt. The charterer of the Crystal, NYK Line, claimed Monday that the time of the accident was 0130, not 0220, as previously believed. The Crystal’s crew waited to report the collision until 0225, leading authorities to conclude (falsely) that the accident happened at about the time of the report. To add to the confusion, the U.S. Navy still maintains that the initially reported time of impact is accurate.
As negotiations begin on the UK’s departure from the European Union, David Dingle CBE, Chairman of Maritime UK said: “These are the most critical set of negotiations in a lifetime. We want to see a Brexit deal that ensures the UK’s attractiveness as a place to do business, as a place to research, develop and innovate the cutting-edge maritime products and services of tomorrow, and a deal that capitalises upon new freedoms to back British industry. “Above all, we need free trade with Europe as well as the rest of the world, enabling our sector to perform its unique and fundamental role in facilitating UK global trade", he said.
Where digitisation appears then cybersecurity is never far behind. Early on, banks and retailers discovered that their websites, systems and databases made tempting targets for criminals to steal personal data or even money. Later digital adopters in the utilities and energy sector found that cyberattacks can even have physical consequences like water pollution or the widespread power disruption suffered by the Ukraine in 2015. Now the wave is reaching the maritime industry. Ships, ports and maritime support activities continue to adopt digital systems to handle commercial, cargo and personal information, and even control.
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