1. Industry view: Shipping in a post-covid world
Seafarers may be reluctant to go ashore when ports reopen after the coronavirus pandemic despite some of them spending a year or more away from family and friends, according to a mental health expert. Charles Watkins, a clinical psychologist and Managing Director of Mental Health Support Solutions, believes crewmembers will likely suffer from post-covid stress disorder when allowed to set foot on dry land. https://cyprusshippingnews.com/2021/07/05/industry-viewshipping-in-a-post-covid-world/
2. New and extended support for Maritime Companies, Individuals and Seafarers in Maritime Singapore Together Package
As part of Singapore’s recovery from the COVID-19 pandemic, the Maritime and Port Authority of Singapore (MPA) will top up the MaritimeSG Together Package by S$3.5 million to continue supporting the hardest hit sectors in the maritime industry. This brings the cumulative amount of support to more than S$36 million. https://cyprusshippingnews.com/2021/07/05/new-and-extended-support-for-maritime-companies-individuals-and-seafarers-in-maritime-singapore-together-package/
3. CMA CGM Group steps up its strategic inland development in Europe with the acquisition of Spanish rail operator Continental Rail
The CMA CGM Group, a world leader in shipping and logistics, is stepping up its strategic development in inland logistics by integrating one of the leading private rail operators in Spain: Continental Rail, via CCIS, its global inland logistics arm. The Share Purchase Agreement was signed on the 30th of June. The transaction, which should be closed early Q3 2021, amounts to an equity value of ca. EUR 25 million. https://cyprusshippingnews.com/2021/07/05/cma-cgm-group-steps-up-its-strategic-inland-development-in-europe-with-the-acquisition-of-spanish-rail-operator-continental-rail/
4. DP World acquires leading US-based supply chain solutions provider
DP World announces the acquisition of 100 per cent of syncreon for an enterprise value of US$1.2 billion. This transaction is subject to customary completion conditions and is expected to close in 2H2021. syncreon is a US based global logistics provider that specializes in the design and operation of complex supply chains for the high growth automotive and technology industries. syncreon provides specialized value-added warehousing and distribution solutions through a variety of manufacturing, export packaging, transportation management, reverse/repair and fulfilment services. https://cyprusshippingnews.com/2021/07/05/dp-world-acquires-leading-us-based-supply-chain-solutions-provider/
5. CULines expanding into the transpacific container trade
In the latest move by CULines seeing it shift being a regional and feeder player into the longhaul markets, the company plans to open up a new service Trans-pacific Express (TPX) on 18 July, connecting Shanghai and Los Angeles directly. Initial vessel sizes deployed on the new service with five 1,700 teu – 4,400 teu containerships for the period of July and August, possibly reflection of the extremely tight situation in terms of available tonnage in the market. In September, TPX service will upgrade its containership fleet with larger carrying capacity. https://www.seatrade-maritime.com/containers/culines-expanding-transpacific-container-trade
6. Pandemic drives sea freight prices to record high
Container shipping prices have reached record highs about 18 months after the outbreak of the coronavirus pandemic that disrupted maritime logistics chains and drove demand sky-high.
“We are basically running out of vessels and of empty containers,” Alan Murphy, head of the consultancy Sea Intelligence, told AFP. https://www.hellenicshippingnews.com/pandemic-drives-sea-freight-prices-to-record-high/
7. Brazil iron-ore exports hit 9-month high in June
Brazil’s iron-ore exports reached 33.68-million tonnes in June, the highest volume in nine months, as major producers like Vale shipped more in response to higher international prices, official government data showed on Thursday.
https://www.hellenicshippingnews.com/brazil-iron-ore-exports-hit-9-month-high-in-june/
8. State Agency Cautions Against Early Optimism In S. Korean Shipping Industry
Helped by a rise in international freight rates and improved competitiveness, South Korea’s shipping industry is forecast to post about 40 trillion won ($25.2 billion) in annual sales in 2021 by achieving a high-efficiency, low-cost structure through three years of painful restructuring coupled with a government relief package that began in early 2017 when Hanjin Shipping, which used to be the country’s top container carrier, terminated its 40-year-long business. https://www.shippingtribune.com/news/shipping/State+agency+cautions+against+early+optimism+in+S.+Korean+shipping+industry
9. Ahammad Devarkovil Flags Off International Container Shipping Service From Beypore Port
Ports Minister Ahammad Devarkovil on Friday flagged off the first international container shipping service under the Union government’s Sagarmala project from the Beypore port. The newly created port code, INBYP01, was used for loading cargo to be delivered at the Jebel Ali port, Dubai. https://www.shippingtribune.com/news/shipping/Ahammad+Devarkovil+flags+off+international+container+shipping+service+from+Beypore+port
10. BIMCO COVID 19 Weekly Report
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). https://www.shippingtribune.com/news/shipping/BIMCO+COVID+19+weekly+report
