Multi-Purpose and Heavy Lift Sectors Face Headwinds on Slowing Global Trade

By Mike Wackett (The Loadstar) - The multipurpose vessel (MPV) and heavylift shipping sector is set for 3.8% growth this year, declining to 1.4% in 2020, as the global economy slows and competition for cargo grows, according to Drewry. The maritime consultant said the sector would see “strengthening rates through 2019 fuelled by rising project cargo traffic, but prospects … [Read more...]

U.S. West Coast Ports Suffer ‘Tariff Hangover’ in First Quarter

By Mike Wackett (The Loadstar) - US west coast ports suffered most from a “tariff hangover” effect in 2019’s first three months, said Drewry Maritime Research in a new research note today. Transpacific imports were down some 19% on the previous quarter and by 3% year on year. However, PIERS data for the first quarter did record growth for Asia to US east and Gulf coast … [Read more...]

Carriers Shudder at France’s Proposed Speed Limit for Ships

By Alexander Whiteman (The Loadstar) - Container lines have objected to French calls for the IMO impose mandatory speed limits for ships. The French proposals, submitted at the end of last month and seen by The Loadstar, call for a two-step approach of short-term measures to cut GHG emissions in shipping. They include regulating ship speeds on a sector by sector … [Read more...]

LNG Makes Its Case as the ‘Greenest’ Alternative to Oil

By Mike Wackett (The Loadstar) - LNG is the most environmentally friendly, readily available fuel for shipping today – and in the foreseeable future, according to a new study. With the IMO’s 0.5% sulphur cap regulations coming into force next January, along with its target of halving C02 emissions from shipping by 2050, decisions need to be taken on alternative fuels. At … [Read more...]

U.S. Auto Tariffs Would Have Serious Impact on Global Supply Chains

By Alexander Whiteman (The Loadstar) - As carriers to struggle with overcapacity, the impact of potential US automotive tariffs is only likely to worsen the situation, with the country’s ports also set to suffer. This was the finding of shipping consultant Drewry, which assessed three potential tariff scenarios being considered by the US administration. Senior analyst for … [Read more...]