InterManager Daily News 29.04.2020.

1. FreightHub becomes Forto

Four-year-old Berlin-based FreightHub has rebranded to become Forto. The German company started out as a container booking platform and has since expanded to include rail freight, air freight, and intermodal transport and now employs nearly 300 people in nine locations across the world.

2. Liners enter ‘peak pandemic’ period

The coming five weeks see the largest amount of capacity blanked on the main trade lanes, something that was flagged up earlier in the month by Rodolphe Saade, the head of French containerline CMA CGM. For Asia to the east coast of South America, Sea-Intelligence has tallied as much as 59% capacity removal.

3. Imabari emerges as major shareholder in Belships

Citing a recent Pareto report, Norwegian business daily Finansavisen is reporting Imabari, which Belships has contracted to build a number of ships, now controls 7% of the supramax and ultramax specialist. Finansavisen reports that Belships is paying for some of its orderbook with Imabari in shares.

4. Singapore detains two vessels for using non-compliant fuel

The Maritime and Port Authority of Singapore (MPA) has reported two vessel detentions for using non-compliant fuel in the first quarter to ensure the implementation of IMO 2020 sulphur regulations. According to the MPA, about 96% of the ships that arrived in the Port of Singapore used compliant fuel in the first quarter, excluding ships installed with open-loop scrubbers that switch to using compliant fuel upon arriving.

5. And we thought IMO 2020 would be challenging…

Remember the good old days when we thought IMO 2020 would be challenging? Little did we know. Covid-19 has generated the most rapid shift in global economic health ever seen – triggering a collapse in oil prices and a crisis in shipping markets – and rendering concerns around IMO 2020 as seeming almost inconsequential.

6. Container shipping blank sailings reaching peak pandemic

SeaIntel said that last week, week 17, saw the peak of blank sailings on the Asia – North Europe trade with some 38% cancelled. In week 19 the Mediterranean to North America East Coast has 33% blank capacity and Asia to East Coast South America seeing a 59% capacity cut week 20. However, while the weeks in late April – May see the peak in terms of cancelled services there will be a continued impact on the market.

7. 31 Singapore-flagged vessels report scrubber malfunctions

Releasing figures on IMO 2020 compliance the Maritime & Port Authority of Singapore (MPA), which administers the Singapore Registry of Ships (SRS), said that of the “small number” of Singapore-flagged vessels fitted with scrubbers there were 31 reports of malfunctions as February 29 this year.

8. Cosco Shipping Energy Transportation to set up LNG joint venture

The new jv will be jointly established by the company’s wholly-owned subsidiary Shanghai Cosco Shipping LNG Investment Co., Ltd, Cosco PetroChina Shipping Co., Ltd, 51% stake-controlled by the company, and Glasford Shipping (Hong Kong), with a shareholding ratio of 60%, 21% and 19% respectively.

9. Maersk Drilling Announces North Sea Layoffs

Maersk Drilling says it is taking steps to reduce its offshore crew pool as it stacks North Sea rigs in light of the COVID-19 pandemic and crash in oil prices.

The company said that due the commercial outlook for offshore drilling it expects around 250 to 300 redundancies in the North Sea crew pool in Denmark, Norway and the UK. It is currently in process of initiating consultations with trade unions and employee representatives.

10. Navy Accepts Delivery of USS Zumwalt

Zumwalt (DDG 1000) achieved Hull Mechanical & Electrical delivery from shipbuilder General Dynamics’ Bath Iron Works in May 2016. With this latest delivery, Zumwalt will transition from Combat Systems Activation to the next phase of at-sea testing.


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