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Ocean Transportation: Page 144

Sri Lanka and China to Develop Southern Port

Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone.

Dry Bulk Market Shows Improvement After Record Lows

Bulker operators are seeing solid improvements after the record low day rates reached earlier this year: the Baltic Dry Index stood at nearly 1,200 early this month, a fourfold increase over the levels reached in February 2016.

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Global Shipping Leaders Take on Counterfeit Goods Trade

Leaders from global shipping firms, freight forwarders, brand owners whose products are counterfeited and organizations representing both industries recently signed a joint Declaration of Intent to Prevent the Maritime Transport of Counterfeit Goods in Brussels.

Siemens Commissions First Customized Wind Turbine Vessel

Siemens has commissioned its first specialized transport vessel, the Rotra Vente, to transport the large nacelles used in offshore wind turbines.

Australia Detains Container Ship for Food Waste Dumping

The Australian Maritime Safety Authority's decision to detain a Hong Kong flagged container ship which dumped food waste in close proximity to Fraser Island in May was affirmed by the Administrative Appeals Tribunal at a recent hearing.

Cargobase Adds Ocean Freight to Its List of Ad Hoc Freight Modes

Cargobase, an online platform for ad hoc freight, has announced the addition of ocean freight as an available freight mode that can be procured and managed through its platform. This is in addition to the five other freight modes Cargobase supports: aircraft charters, on-board-couriers, next-flight-out, regular air freight and road freight.

DHL: 3D Will Complement Mass-Production, Disrupt Last-Mile Logistics

The rise of 3D printing doesn't spell serious trouble for mass-production, but spare-parts logistics may potentially transform the supply chain, according to the latest DHL trend report: "3D Printing and the Future of Supply Chains." Instead, the DHL study said it anticipates that 3D printing will fulfill a "complementary" role to manufacturing, as it grows to an estimated $490bn by 2025.

"K" Line Launches Asia-Chennai Express Service

Kawasaki Kisen Kaisha, Ltd. has announced an enhanced containership service, Asia Chennai Express Services (ACE). This service will have new port coverage of Korea and China and direct service to and from Chennai, India.

Shipping Industry Groups Launch Free Ship Efficiency Portal

At the World Ocean Council's Sustainable Ocean Summit, Carbon War Room, exactEarth and University Maritime Advisory Service (UMAS) launched BetterFleet, a free-to-access ship operational efficiency portal on ShippingEfficiency.org.

Ship Sales Climb to 7-Year High

Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.

Port of Philadelphia to Double Container Capacity

Governor Tom Wolf has announced a comprehensive capital investment program at the Port of Philadelphia that will result in more than $300m in investment in the Port's infrastructure, warehousing and equipment. The initiative will start next year and continue through 2020.

Pessimistic Forecasts: Stifel Logistics Confidence Index Declines Further

The Stifel Logistics Confidence Index - which measure logistics industry outlook - has reached its 14 consecutive months of negative confidence, with the numbers suggesting this will continue into 2017. As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time.

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