Hapag-Lloyd to Introduce IMO 2020 Fuel Surcharges from 2019

FRANKFURT, Oct 8 (Reuters) - German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules. The Hamburg-based firm said on Monday that it has developed what it will call a marine fuel recovery mechanism (MFR), which it will gradually introduce … [Read more...]

Opinion: Globalization Is Alive and Well, in Regional Deals

By Daniel Moss (Bloomberg Opinion) -- Give South Korean President Moon Jae-in marks for boldness. The Korean Peninsula seems an unlikely place to plant the seeds of a northeast Asian version of the European Union. Yet that is what Moon is proposing to do with a connected rail system. So much for that talk of “globalization in retreat.” One can’t judge only by the … [Read more...]

Seaspan Diversifies as it Steps In to Take Control and Save Swiber

By Mike Wackett (The Loadstar) - Seaspan, the world’s largest non-operating containership owner, has announced its first significant investment outside the sector, suggesting it intends to diversify its business model. The New York-listed lessor, with an operating fleet of 112 ships, said it planned to invest up to $200m in the restructured Singapore-based oilfield services … [Read more...]

Will Shipping Face Another Perfect Storm?

By Captain George Livingstone – One of my first columns of the year was on the state of the international maritime industry, I discussed a broad range of topics, one of which was a coming sea change in the world-wide manufacturing industry.  I would like to focus on that. History is replete with both ‘metaphorical’ and ‘real’ perfect storms.  Is there is … [Read more...]