Shippers Bet on Green Methanol to Cut Emissions, Supply Lags
Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall, industry executives said.The first green methanol-fuelled container ship, owned by A.P. Moller-Maersk, sailed from South Korea in July. The number of such vessels is expected to exceed 200 by 2028, up from 30 this year, consultancy DNV forecasts.Container giants such as A.P. Moller-Maersk, CMA CGM and XpressFeeders dominate the order books.
World’s Biggest Port is Returning to Normal, but Supply Chains Will Get Worse Before They Get Better
Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been canceled, postponed, or rerouted to other Chinese mega-ports such as Ningbo-Zhousan.With the city due to fully reopen on June 1, the port is going to be in overdrive as manufacturers try to fulfil backlogs, with serious knock-on effects around the world.
Adidas Partners with APM Terminals
APM Terminals opened the most advanced container terminal in Mexico. Adidas has since moved the bulk of its inbound goods flow to the terminal in Lazaro Cardenas, where automated gates, an efficient on-dock rail facility and a secure gateway to Mexico City support faster cargo delivery.Adidas Mexico imports about 90% of its products from Asia, mainly Vietnam, Indonesia, China, Cambodia, and Pakistan. With plans to deliver 50% of its products to store shelves within 45 days of being manufactured by 2020, Adidas was looking for a supply chain partner capable of meeting these demands.Faster customs clearance at APM Terminals Lazaro Cardenas…
Vietnam Mobs Burn Factories in Anti-China Protests
Thousands of Vietnamese set fire to factories and rampaged in industrial zones in the south of the country after protests against Chinese oil drilling in a part of the South China Sea claimed by Vietnam, officials said on Wednesday. The brunt appears to have been borne by Taiwanese companies in the zones in Binh Duong and Dong Nai provinces as rioters mistook the firms to be Chinese-owned. Vietnamese officials gave few details, but said gates to factories were smashed and windows were broken. Police said they were investigating. A Singapore foreign ministry spokesman said the premises of a number of foreign companies were broken into and set on fire in the Vietnam-Singapore Industrial Parks (VSIP) I and II in Binh Duong.
Editor's Note
Most of you might naturally assume that this is a recent quote from a high ranking shipyard, government or other informed source regarding the current status of the U.S. marine industry. Wrong! This quote is attributed to the opinion of Captain C.A. McAllister, president of the American Bureau of Shipping, published in the January 1, 1928 edition of Marine Age magazine. This, and something my five-year-old son said recently, struck a chord within me regarding the challenges facing the U.S. ship and boatbuilding industry. Upon coming home from the beach one hot August day, Shane, upon inspecting his “Adidas” sandals, said, “It says that these were made in Indonesia ... I thought everything was made in China.” From the mouths of babes.
