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Freight Transport

Shipping Pollution Will Skyrocket -Study

Image:  International Transport Forum

International freight volumes will grow fourfold by 2050 while the average length of haul will increase by 12 percent over that time, trends that will cause a spike in global carbon emissions unless corrective action is taken. An Organisation for Economic Cooperation and Development (OECD) sector study presented at the International Transport Forum (ITF) forecasts that freight transport emissions will grow 286 per cent on average by the middle of the century as changing trade patterns ensure larger volumes of goods travel even longer distances. The sharp increase in emissions dwarfs the predicted 30 to 110 percent increase in surface passenger transport emissions.    Given the longer distances for freight movements, air is expected to be the fastest-growing mode, with a projected 482-percent increase from 2010 to 2050. Air is also projected to be the biggest polluting mode with a 411-percent increase in carbon tons emitted over that 40-year period, ITF said.   Another factor in the expected increase in pollution is the role of the domestic component of an international shipment, which is documented this year for the first time in an ITF annual report. An example of such a move would be a Hong Kong-originating shipment flown to Los Angeles and then trucked to Denver. The domestic portion of such a movement today accounts for only 10 percent of international freight traffic, but 30 percent of global CO2 emissions, according to the report.  


EU authorizes Flemish Financial Support

The European Commission has decided not to raise any objections to the Flemish authorities' plan to provide financial support for the construction of loading and unloading facilities along the Flemish inland waterways in Belgium The Flemish Region in Belgium will put into effect a five year aid scheme aiming at making inland waterways more accessible and developing their use for freight transport. The scheme will provide financial support for the construction of loading and unloading


Izar And Rolls-Royce Plan High Speed Cargo Vessel

Spanish shipbuilder and designer IZAR and Rolls-Royce announced plans for a new European High Speed Cargo Vessel which is intended to be a cost-effective short-sea shipping alternative to road transport in Europe. The monohull EHSCV is powered by two Rolls-Royce MT30 gas turbines and Rolls-Royce Kamewa waterjets. The baseline design enables 124 trailers to be carried at a service speed of 37 knots and is intended to be economically competitive with road transport on routes above 300 nautical


15 Carriers Agree to EU's GRI Modifications

Photo: Maersk Line

 15 container liner shipping companies have said they will stop publishing and communicating general rate increases (GRIs) that are expressed solely as an amount or percentage of the change, says the European Commission.   Shipper representatives have welcomed an agreement by  the container lines to abandon GRIs in favour of a new pricing announcement mechanism following a two-year inquiry by the EU into possible competition infringements – alleged “price


7th Annual UK Ports Conference to Take Off Tomorrow

Maria Pittordis

  Tomorrow 23rd June international law firm Hill Dickinson LLP will be holding  its UK Ports Conference focusing on ‘The Future of UK Ports: changing regulation, shipping trend updates and new opportunities in the supply chain’.   The 7th Annual UK Ports Conference will allow senior representatives from across the ports, shipping and maritime sector to network and discuss policy updates, shipping trends and the latest logistics and supply chain guidance.  


Study Evaluates U.S. Maritime Policies

The Maritime Administration has issued a new study that evaluates the adequacy of current U.S. maritime policy to meet the commercial, economic, security and environmental needs of the nation over the next three decades. The report titled, ìAn Evaluation of Maritime Policy in Meeting the Commercial and Security Needs of the United States,î was researched and prepared by IHS Global Insight, Inc., of Lexington, Mass.


Hiab to Present World Crane Championship Finals

Logo

  Hiab, part of Cargotec, is presenting its latest product innovations together with the World Crane Championship finals at the Commercial Vehicle Show in Birmingham, UK on 14-16 April. The CV Show is the largest and most comprehensive road freight transport event staged in Britain.   We welcome all interested parties to watch Hiab's World Crane Championship finals, which will take place on our outside stand number 3A 80 (outside Hall 4)


Automated RTG System Order For Konecranes From Indonesian CT Operator

Konecranes Automated RTG System

Konecranes has signed an agreement to deliver an Automated RTG (ARTG) system to Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Persero), (“Pelindo III”). This will be the world’s first commercially operational Automated RTG system. The order comprises 11 ARTG cranes, Remote Operating Stations (ROSs) and container yard automation infrastructure such as intelligent container stack gates. Delivery is scheduled for 2015


TT Club Warns Baltic Ports to Protect Against Reputational Damage

Andrew Huxley (Photo courtesy of TT Club)

Speaking during Baltic Transport Week in Gdansk this week Andrew Huxley, Development Director at freight transport insurance specialist TT Club, warned port and terminal operators to be aware of the reputational damage that can be a serious consequence of uninsured incidents resulting from avoidable risks. It is estimated that for every unit cost incurred in insurance claims it can cost between eight and thirty-six times that amount in direct and indirect uninsured losses for the business


Ingram Barge to Participate in EPA’s SmartWay

Ingram Barge Company announced its participation in the new Barge Freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Government’s Environmental Protection Agency (EPA) and the country’s leading private industry freight carriers and freight users aimed at reducing carbon, oxides of nitrogen and particulate matter emissions. Ingram has been involved with the EPA in helping to develop


Avalon Freight Services Redefines the Shortsea Shipping Formula

Photo: Avalon Freight Services

Anything but business as usual, trusted partners operate innovative, environmentally correct and cutting edge equipment – in a decidedly niche trade.     A  new freight service began operation in southern California this past April


SGX sees Baltic buy boosting Asian freight derivatives

file image (Credit: BSM)

Singapore Exchange Ltd (SGX) sees the potential to develop new freight derivatives centred on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters.


Toll to Build Two New Ships

Photo:  Toll Holdings Limited

Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth.   The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria


Half of Hanjin Boxships Denied Port Access

A Hanjin Containership at Sea (Credit: Hanjin)

Of 98 container ships, 44 blocked from ports. U.S. firms take legal action over unpaid bills. Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the


Freight Rates Spike after Hanjin Collapse

File image (DP World)

The cost of transporting containers from ports in Asia to Northern Europe and the United States jumped this week after the collapse of South Korean Hanjin Shipping Co Ltd. Container spot freight rates on the world's busiest routes from Asia to Northern Europe jump 36


Dry Bulk Shipping Outlook Good

Graph: BIMCO

 The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary, says BIMCO.   But, putting it into perspective, compared to the devastating freight rate levels over the same period


Global Fallout from Hanjin Collapse

Photo: Hanjin Shipping

 When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks, its assets left frozen as ports from China to Spain denied access to its vessels.  


Port of Hamburg Seaborne Cargo Down Slightly in 2016

Containervessels at HHLA Container Terminal Altenwerder (Photo: Port of Hamburg)

First-half seaborne cargo throughput of 70.2 million tons reflected stabilization of the trend for the Port of Hamburg. At the same time, a steep increase occurred in freight transport by rail to/from the Port of Hamburg.   At 70.2 million tons


Hapag-Lloyd in Troubled Waters

Photo: Hapag-Lloyd AG

 German container shipping company Hapag-Lloyd AG has swung to a loss in the first half of the year as tumbling freight rates weighed on revenue.   The bad news comes as the Hamburg-based company tries to boost its fortunes through a merger with United Arab Shipping Company.  


Hapag-Lloyd Posts H1 Loss

File Image: A Hapag-Lloyd Containership. (credit: Hapag-Lloyd)

Freight rates down 20 pct; CEO says to focus on costs cuts, merger deal with UASC. German container shipping group Hapag-Lloyd said it dropped to a first-half operating loss as disappointing freight rates hurt its business. The loss before interest and tax (EBIT) came to 39


Just One Bid for Greece Rail Project

Greece has received only one bid to build and run a new rail freight terminal outside Athens, a project it has been trying to get underway for years, the country's transport ministry said on Tuesday. The bid is from ETBA, a unit of Greece's Piraeus Bank which develops and manages industrial


Asia-N.Europe Box Rates Jump 58 pct

File Image: A CMA CGM Containership (Marad)

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters.


Baltic Index Down as Rates for Large Vessels Stay Weak

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Falls on Weak Freight Rates

Freight rates across most bulk sectors fell on Monday. File Image (Credit BSM)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday due to weaker rates across all segments, except handysizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels






 
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