Glencore has joined an initiative led by the world’s leading agri-shippers to digitize shipping transactions. Launched last October, the group now consists of Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, Louis Dreyfus as well as Glencore. Its aim is to make a digital platform to smooth supply chains. The initiative is initially looking at new technologies – such as blockchain and artificial intelligence – to create digital solutions to automate grain and oilseed post-trade execution processes, reducing costs needed to move agricultural and food products around the globe. The group is projecting launch of the new platform in the second half of 2020 subject to regulatory approval.
This year, BIMCO, CLIA, ICS, INTERCARGO, InterManager, INTERTANKO, IUMI, OCIMF and WSC published version 3.0 of The Guidelines on Cyber Security onboard Ships, which offers guidance to shipowners and operators on how to assess their operations and develop the necessary procedures and actions to improve resilience and maintain integrity of systems onboard their ships. White Paper Available Here.
After reports surfaced that Iranian assets in Toronto and Ottawa had been sold to compensate terrorism victims, an Iranian legislator has threatened to retaliate by seizing vessels carrying goods and products to or from Canada. Last week, reports surfaced that Canadian courts has sold many of Tehran’s non-diplomatic assets, including buildings, vehicles, and bank accounts in order to satisfy judgements against the regime over its sponsorship of Hamas and Hezbollah.
The World Shipping Council, a Washington-based liner shipping lobbying group, will pitch the creation of an International Maritime Research Board (IMRB) at a November meeting at the London headquarters of the International Maritime Organization (IMO) to drive global research and development of alternative fuels. Recognizing that the shipping fuels of the future will need to cut GHGs while remaining commercially viable and cost effective, the group is aiming to influence the creation of a research body. Main concerns around the plan centre around how the IMRB might be funded.
The first vessel has arrived at the Grand Bahama Shipyard, following Hurricane Dorian. The 57,062-ton crude oil tanker Agathonissos returned to the yard to complete repair works that began before the hurricane arrived. The shipyard also said it remains on track for the next planned cruise ship visit, Carnival Cruise Line’s Carnival Ecstasy, scheduled to arrive on October 5. The shipyard experienced limited damage from the, with no effect on berths.
The official search and rescue operation for the missing bulk carrier, M/V Nur Allya, and its 25 crew has been called off with just a liferaft, a lifebuoy and an oil slick to show for the thousands of manpower hours spent by teams at sea and in the air in the past three weeks. Jakarta’s National Transportation Safety Committee will now start to retrace the vessel’s final voyage. The vessel was loaded with nickel ore, which is highly susceptible to liquification, when it went missing.
Shipping through the Northern Sea Route is expected increase more than quadruple by 2024 compared to 2018 levels. Traffic is projected to increase to 80 million metric tons in the next four years, more than four times the 19.7 million metric tons shipped in 2018.
Panama’s Cabinet Council has approved modifications to the Panama Canal’s toll structure, which will now include lower rates for container ships through the expansion of a “loyalty program”. The move comes in response to heightened competition with the Suez Canal. Changes will come into effect in phases, depending on the type of vessel, on Jan. 1, 2020, and then on April 1 and May 1.
Hapag-Lloyd is now offering customers online marine insurance, direct through its own website. Quick Cargo Insurance provides customers with tailor-made insurance offers around the clock. The insurance cover takes effect immediately upon conclusion of the contract. The insurance offering was developed in co-operation with the German industrial insurer, Chubb.
Spire Global has announced a new weather forecast tool specialized for maritime companies, which aims to provide information to help ports, ships and shipping companies. The company uses information from dozens of small satellites that seek to help ships navigate tricky areas, conserve fuel, and run routes more efficiently. Spire also tracks vessels from space using data collected in radio wavelengths.
The Canadian Chamber of Commerce is preparing for the launch of Incoterms® 2020, a new edition of the Incoterms® rules which will become available in September 2019 and will take effect as of January 1, 2020. The new rules will reflect the changing economic landscape and will provide specific guidance to individuals participating in the import and export of goods. For more information about Incoterms®, please visit the ICC’s Incoterms® Rules page.
Maersk is aiming to allow US and Canadian importers to coordinate customs activity through a single process flow as it seeks to more fully leverage its acquisition of the North American customs broker Vandegrift. Maersk is seeking to become more digital, highlighted by its decision to launch the Maersk Customs Navigator, a solution that Maersk is seeking to integrate into its origin and supply chain management services. The product is intended to give shippers a ‘single window’ experience where customers don’t have to go to multiple systems to get their supply chain management milestones and customs house broker milestones, but instead go to one place for this information.
COSCO Shipping Ports have ended the first two quarters of the year with a total throughput rise of 5.4 percent year on year; the container throughput increased to 59.8 million TEUs in H1 2019 from 56.7 million TEUs recorded in H1 2018. The growth was backed by the increased calls from the shipping alliances at the group’s container terminals and the contributions from newly acquired terminals.
French President, Emmanuel Macron, has stated that he is prioritizing ship speed regulation as part of his environmental agenda. Under Macron, France has become one of the most aggressive advocates of pushing society to decarbonise. France believes that in order to meet climate goals set out in the Paris Agreement shipping needs to act faster than goals set out by IMO to get decarbonisation regulations moving by 2023. In April this year France made a submission to the IMO urging for a swift global speed limit for shipping in a bid to slash the industry’s emissions.
The Indonesian bulker, Nur Allya, has disappeared along with its 25 crew members, off the coast of eastern Indonesia. Shortly before disappearing, the crew sent a distress signal, although the its not immediately clear what prompted the call. Search and rescue efforts were launched right away, but the 52,400 dwt vessel which was carrying nickel ore, is yet to be located. Nickel ore has gained the reputation of being one of the world’s deadliest cargoes because it is highly susceptible to liquefaction, especially when exposed to damp conditions. Cargo liquefaction can result in a vessel to lose stability and capsize with minimal notice.
The Ballast Water Management Convention is coming into full effect from this September so all ships must be fitted with D-2-compliant ballast water treatment system by the next IOPP renewal survey no later than 8 September 2024. Currently, around 25% of the fleet in international voyage already has a ballast water treatment system (BWMS), D-2 standard. The rest of the fleet, about 75%, complies with the D-1 standard (ballast water exchange). As the updated BWM Convention is approaching, shipowners are making the necessary preparations to comply.
CMA CGM has decided that it its fleet of 500 vessels will not use the Northern Sea Route connecting Asia to Europe through the Arctic in an effort to protect the fragile ecosystem there from the threat of accidents, oil pollution, and collisions with marine wildlife. The Northern Sea Route, which runs the length of the Siberian coast has become navigable due to global warming.