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BIMCO downgrades global container shipping outlook


2020-03-23

 

 

Copenhagen, Denmark - The Baltic and International Maritime Council (BIMCO) has revised its outlook for container shipping demand in 2020 from low global demand growth to negative demand growth for the full year.

According to BIMCO's revised forecast, container shipping freight rates are now expected to go down to loss-making levels as the coronavirus pandemic continues its negative impact on the economy and shipping.

This compares to the council's earlier forecast that average freight rates for 2020 would already slide below last year's level.

BIMCO now expects loss-making rates "due to deteriorating demand-supply fundamentals and higher fuel cost arising from the IMO 2020 sulphur cap implementation, said Peter Sand, BIMCO's Chief Shipping Analyst, and author of the report.
This forecast, it added, is despite the positive effect of the fall in oil prices.

The report also stated that the "Phase One" agreement of the US-China trade war is not delivering on its promise to boost volumes of the implicated goods last January.
"This opening is likely to set the tone for the full year. The failure itself is no surprise, but the magnitude of it surely is."
Additionally, global economic activity, which slowed down significantly in 2019, will become even lower in 2020. Some nations may even fall into recession, it added.

 

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Port of Halifax receives first vessel over 14,000 TEUs

2020-03-22

 

The Port of Halifax has received its largest vessel call to date. The CMA CGM T. Jefferson, 366 metres length, 48 metres beam and 14,414 TEU capacity, arrived at PSA Halifax at approximately 5:00 p.m. on March 21. The CMA CGM T. Jefferson sails in the weekly AWE3 service operated by the Ocean Alliance, from South Asia to the East Coast of America.

With a terminal area of 32 ha, a quay length of 1,045m and a depth of 16.5m, PSA Halifax is the only facility in Eastern Canada that can accommodate ultra-class vessels.

Through strategic planning and investment, the Halifax Port Authority is moving toward completion of a deep-water berth extension that will accommodate two vessels over 350 metres length overall simultaneously. In addition, terminal operator PSA Halifax has ordered new topside infrastructure, a ship-to-shore super post-Panamax crane, bringing the total number of such quay cranes to five. The extension project is on time and on budget with completion in the first half of this year.

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IMO issues guidance on STCW certification

L'OMI publie des directives sur la certification STCW


2020-03-19

 

 

 

 

The International Maritime Organization (IMO) has issued guidelines on standards for training, certification and monitoring of seafarers (STCW) in response to growing concerns following the coronavirus epidemic.

IMO has stated that the worldwide response to the epidemic poses a serious challenge for administrations to enable the continuing education of seafarers, revalidate certificates, including medical certificates, and the issuance of statements attesting to the recognition of certificates in accordance with the STCW convention.

The IMO has encouraged maritime administrations and port state control authorities to take a pragmatic and practical approach to the extension of certificates and endorsements.

In the meantime, member states are invited to provide IMO with general information on practices adopted by issuing administrations and port state control authorities, and IMO will disseminate this information. Photo:CSL

 


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Port of Antwerp fully operational

Port d'Anvers pleinement opérationnel


2020-03-19

 

 

 

 

The first meeting of the Port of Antwerp Covid-19 Taskforce was held early today. It confirmed that the port is considered as essential national infrastructure and is important to keep Belgium and indeed the rest of Europe supplied. The port remains 100% operational thanks to the daily efforts and commitment of all employees.

In addition the Taskforce defined various points for attention, and also set up a port monitor to survey the daily operation of the port with a view to additional measures.

Antwerp is Europe's leading container port and accounts for one in every five containers handled by the Port of Montreal. (photo APA)


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Logistec reports strong 2019 results

Logistec annonce de solides résultats pour 2019


2020-03-18

 

 

 

 

Montreal-based marine and environmental services provider Logistec Corporation announced consolidated revenue of $639.9 million in 2019, an increase of $55.1 million or 9.4% over 2018. Logistec provides specialized services to the marine community and industrial companies in the areas of bulk, breakbulk and container handling in 34 ports and 60 terminals in North America.

The marine services segment posted revenue of $385.3 million in 2019, representing higher sales compared with $340.8 million in 2018. This increase stems from two factors: the business combinations of GSM and Pate, which contributed an additional $40.8 million in sales during the year and, to a lesser extent, a general volume increase in Logistec's bulk and break-bulk terminals, which saw more activity in 2019 than in 2018.

Revenue from the environmental services segment totalled $254.6 million, compared with $244.1 million in 2018, an increase of $10.5 million. This was mainly due to higher revenue from the rehabilitation of underground water mains, site remediation and decontamination services than last year, which was partially offset by lower revenue from woven hose manufacturing.

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