The International Maritime Organisation’s (IMO) global emissions regulations come into force in January 2020 and will have a massive effect far outside of shipping, with as much as £220 billion of added costs across global supply chains.
How many are you in the office nowadays? And how big will you be? A client asked me the other day
From January 1st, 2020, the International Maritime Organisation (IMO) Low Sulphur Regulation will be in effect, which means all sea-going vessels will have reduce their sulphur emissions by 85%, using liquid natural gas-powered vessels, scrubbers or Very Low Sulphur Fuel Oil.
The Brexit extension removes the immediate danger of a no-Deal exit but…..
It will never be perfect, it’s always easy to wait, to search for more option, information or wait to be better, but guess what, it will never be perfect.
The Golden Week in China is the annual catalyst for rates, demand, space and equipment issues. Not to mention roll-overs, congestion and all the other factors that are typical of an Asia peak season.
Demand for space on vessels from China continues its seasonal decline, apprarently prompting carriers to consider cancelling further voyages without notice.
Shippers using Hong Kong International Airport (HKIA) could experience cost increases and delays, after the worldʼs busiest air cargo hub begins the phased introduction of X-ray screening of air freight shipments.
Shippers from China still have no real insight of expected surcharge levels, as low-sulphur fuel prices emerge from the limited bunkering available in some hub ports, suggesting a premium of more than 30% over heavy fuel oil.
Carriers have been announcing more blank sailings on the Asia-North Europe trade as slowing demand threatens to pull down rate levels.