Recent updates

Read the latest news from Germany, Europe and the world. Ernst Russ brings the news of the day & top breaking headlines on shipping, real estate and economy.

China Plans $1B Port Investment in Brazil

(maritime-executive) During a visit by Chinese President Xi Jinping to Brasilia this week, China is expected to announce a $1 billion investment in the port of Sao Luis by state-owned China Communications Construction Company (CCCC). President Xi is in Brazil for the annual BRICS summit, a gathering of the leaders of Brazil, Russia, India, China and South Africa.

Volatility Reigns in the S&P Market, as Newbuilding Orders Dry Up

(hellenicshippingnews) The second-hand market for ships is quite volatile at the moment, as many owners are actively looking for investment opportunities, in a time when the majority of them refrain from newbuilding orders.

ITF Calls for Action on Gulf of Guinea Piracy

(maritime-executive) Following back-to-back attacks on two vessels in the Gulf of Guinea last week, the International Transport Worker’ Federation has called for urgent global and regional cooperation to fight piracy off West Africa.

Manufacturing output shows modest progress in October, reports ISM

(logisticsmgmt) The report’s key metric, the PMI, eked out a 0.5% gain to 48.3 (a reading of 50 or higher indicates growth), following declines of 1.3% and 2.1%, respectively, in October and September. The October PMI marks the third consecutive month the PMI has come in below 50, while the overall economy grew in October for the 126th consecutive month.

Iron ore prices are coming back down to earth — but how far will they fall exactly?

(hellenicshippingnews) Booming iron ore prices have been one of the main storylines in commodity markets this year.

Crude Exporters Brace for Sustained High Shipping Costs

(oilandgas360) The U.S. blacklisting of the Cosco tankers set tanker freight rates on fire, but maritime fundamentals will keep prices high.

In Shipping Markets, Rollercoaster Rides Are the Main Theme

(Hellenic Shipping News) Turbulence, volatility and extreme highs and lows are the “name of the game” these days, when it comes to the shipping markets.

Panamaxes and Capesizes Lead as Australian Coal Exports To China and South Korea On the Rise

(Hellenic Shipping News) Australian coal exports are on the rise this year, with China and South Korea proving to be the preferred markets so far.

Update: Can the U.S. Fix Its Failing Infrastructure?

Overall infrastructure spending has fallen, according to the Congressional Budget Office, but the need is greater than ever.

US-China tariff delay does little to stabilise freight demand

(lloydslist) The decision to postpone the October 18 scheduled import duty rise on $250bn worth of goods has failed to lift the uncertainty in a ‘mercurial trade environment’ where importers have to assume the worst to avoid rising Costs.

EIA: U.S. Offshore Oil Production On Track for New Records

(maritime-executive) Crude oil production in the U.S Gulf of Mexico hit 1.8 million bpd in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) predicts that the industry will set new production records in 2019, despite the temporary shut-ins related to Hurricane Barry in July.

September freight shipments and expenditures see annual declines in September, reports Cass

(logisticsmgmt) September shipments, at 1.199, were up 0.8% compared to August and down 3.4% annually, and expenditures were off 4.5% annually and up 0.5% compared to August.

Ballast Water Management Convention Amendments Enter Into Force

(maritime-executive) The Ballast Water Management Convention amendments formalizing the implementation schedule for the D-2 standard entered into force on October 13.

Foreign trade with the United Kingdom losing importance

(destatis) The downward trend of goods trade with the United Kingdom observed since the Brexit referendum is persisting. As reported by the Federal Statistical Office (Destatis), the United Kingdom ranked seventh among Germany's most important trading partners in the period from January to July 2019, with a foreign trade turnover (exports and imports) of 68.5 billion euros.

A trade-war punch to chemical shipping

(hellenicshippingnews) The escalating US-China trade war, if not settled in October as per the planned meeting between authorities of the two countries, will impact not only the Transpacific trade route, but also other major trade routes as China is the main demand driver.

World fleet 60% larger than 2008, but emitting 18% less carbon

(splash247) Despite the global merchant fleet being 60% bigger than in 2008, its carbon footprint has dropped by 18% over the last 11 years, according to data from Clarkson Research Services.

Coal prices slide as stock levels swell

(hellenicshippingnews) European coal prices face further pressure this week amid swelling stock levels, softer gas prices and muted generation demand, participants said.

Container Carriers Still Concerned About Low Sulfur Fuel Availability

(hellenicshippingnews) A senior shipping executive said there is still concern in the container shipping industry about whether there will be sufficient low sulfur fuel available for shipping lines to meet the International Maritime Organization requirement.

Volume of goods loaded and unloaded in German sea ports down 0.7% in 2018

(Destatis) Maritime transport accounts for the majority of global flows of goods. The volume of goods transported by sea and handled in German sea ports in 2018 was roughly 58 times the volume of air freight handled at the airports.

Global Container Fleet Tops 23 Million TEU as New Megaships Hit the Water

(gcaptain) A wave of ULCV deliveries this year has pushed the total containership fleet capacity over the 23m teu mark, with the last million slots added in a breath–taking 14 months, according to an Alphaliner report.

Oil Trims Losses on Conflicting Signals About Saudi Recovery

(gcaptain) By David Marino and Sheela Tobben (Bloomberg) — Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks.

Georgia Ports Chiefs Detail Terminal Expansion

(porttechnology) The Georgia Ports Authority (GPA) has said expansions and new business accounted for nearly US$5 billion in investment and 12,000 new jobs in the fiscal year 2019, the centerpiece of which are plans to double annual capacity at the Garden City Terminal to 11 million TEU.

Euphoria in dry bulk spot rates

(hellenicshippingnews) Surging iron ore exports from Brazil and contracting vessel supply in the region will keep Capesize/VLOC vessels in high demand in the Atlantic, supporting the continued surge in freight rates.

Maritime Worth $57 Billion to UK

(porttechnology) A new report commissioned by Maritime UK and the Centre for Economics and Business Research (CEBR), shows that the maritime sector is worth almost US$57 billion to the UK economy, making it larger than many other comparable transportation industries, including rail and aerospace.

Is The Dry Bulk Market Rally Coming to an End?

(hellenicshippingnews) The tide could be about to shift when it comes to the long-term sustainability of the dry bulk market’s rally, which has been ongoing over the course of the past few months.

IMO 2020 one of the three pillars to determine oil price

(safety4sea) The effect of new IMO 2020 regulations will be one of the key three essential factors expected to determine the direction of the oil price next year, according to research firm Rystad Energy.

Trade Coalition Seeks To Galvanise Free Ports

(hellenicshippingnews) A new trade campaign coalition has published a report calling on the Government to better assess free port policy measures and grant special economic status to airports and seaports to stimulate international investment, reshore manufacturing and lower prices for consumers in a post-Brexit Britain.

Exports in July 2019: +3.8% on July 2018

(destatis) Germany exported goods to the value of 115.2 bio. EUR and imported goods to the value of 93.7 bio. EUR in July 2019. Based on provisional data, the Federal Statistical Office reports that German exports increased by 3.8% and imports decreased by 0.9% in July 2019 year on year. 

Stable but substandard growth

(hellenicshippingnews) World growth might be stable, but the quality of that growth has declined, according to the Governor of the Bank of England, Mark Carney.

India and Russia Sign Energy Deals

India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each other's oil and gas fields but also in downstream projects.

Hurricane Dorian shuts US east coast ports

(safetyatsea) As the category 5-graded Hurricane Dorian slowly inches along its path of destruction, meteorologists from the United States National Hurricane Center have projected the storm will take a right turn from the Bahamas and travel northward along the southeast coast of the US. Ships intending to call at Atlantic seaports on the east coast face great disruption with inbound traffic prohibited at many Florida ports.

The future-proof ship

(hellenicshippingnews) Since the introduction of the first diesel-powered ships in the early 20th century, technology developments in shipping have been steady and incremental. This continuity will end as the industry approaches the year 2050. Decarbonization requirements and the opportunities offered by digitalization will bring about major change. The challenge for a ship built today is that this change will take place within its lifespan. Failure to account for foreseeable regulatory and technology developments may render a ship built today uncompetitive at best; in the worst case it may end up being prohibited from operating altogether. The technology choices made when building a new ship will therefore decide whether it will be future-proof.

Dry Bulk Market Not “Out Of the Woods” Yet

(hellenicshippingnews) Despite the positive sentiment coming back in the dry bulk market, as shown by the latest rise in the Baltic Dry Index, the industry’s benchmark, shipbrokers and analysts remain cautious. In its latest weekly report, shipbroker Allied Shipbroking said that “being almost at the end of the summer period, has the dry bulk sector recovery shown us all its glitter so far?

EIA: Bab el-Mandeb Saw 6.2 Mn b/d of Crude Oil Shipments in 2018

(worldmaritimenews) Around 6.2 million barrels per day (b/d) of crude oil, condensate, and refined petroleum products flowed through the Bab el-Mandeb Strait in 2018, according to data provided by the U.S. Energy Information Administration (EIA).

Heavy Oil Premiums Shrink as Asian Fuel Oil Profits Collapse

(hellenicshippingnews) A plunge in fuel oil margins driven by impending environmental rules for shipping is beginning to take its toll on heavier grades of crude.

Pollution police: How are ship emissions monitored?

(hellenicshippingnews) Carbon dioxide, nitrogen oxides, particulate matter, oil, ballast water, bilge water, sewage.

Macron Asks Shippers to Shun Arctic Route to Protect Environment

(hellenicshippingnews) French President Emmanuel Macron is calling on container lines to avoid using a new Arctic shipping route to protect the environment.

Cap on sulphur emissions to drive global demand for LNG as shipping fuel

(worldoil) Demand for LNG as a conventional source of energy in the maritime industry will continue to grow because of its technological advantages in meeting the standards and requirements in limiting the emissions of sulphur, a greenhouse gas. According to marine fuel expert Sergey Ivanov, the global sulphur cap of 0.5%, which is set to be implemented by the International Maritime Organization (IMO) next year, could drive the global uptake on LNG as bunker fuel.

Proposed Ferry Could Save Scottish Whiskey Exports Post-Brexit

(gcaptain) A Scottish company and a Dutch port are discussing launching a new ferry line ahead of Britain’s exit from the European Union, potentially providing a swift alternative route for Scottish exports such as whisky if Brexit causes transport delays.

Chongqing Port to convert breakbulk terminal into grain terminal

(splash247) Chongqing Port has announced a plan to convert a breakbulk terminal in its Lanjiatuo port area into a grain terminal.

Dry Bulk Market: Capesize Rates Rise After Bottoming Out The Previous Week

(shippingtribune) The Capesize market was buoyant in both basins this week, posting gains across the board.

Exports Fall, Imports Flat as Trade War Hits Southern California Ports

(hellenicshippingnews) The U.S.-China trade war is pounding the San Pedro Bay ports. Import volumes were essentially flat year over year in July as exports declined 5.1%.

Capes surge as tonnage in Atlantic basin thins

(splash247) A sudden thinning of cape tonnage in the Atlantic basin as Brazilian miner Vale ramps iron ore exports saw the Baltic Dry Index leap yesterday, with analysts confident the cape sector could enjoy a very solid few weeks ahead.

Drewry: Modest Growth Expected for Global Container Port Demand

(worldmaritimenews) Global container port demand is heading toward a modest growth and numerous uncertainties, accompanied with muted capacity expansion plans.

Major US Port Authority Smashes Record

(porttechnology) The South Carolina Ports Authority (SCPA) has recorded its busiest July in Port history at container terminals and inland ports, as it began the new fiscal year strongly.

Containers Market to Grow by 6.5%

(marinelink) The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.

German exports in June 2019 decreased

(destatis) Germany exported goods to the value of 106.1 billion euros and imported goods to the value of 89.3 billion euros in June 2019. Based on provisional data, the Federal Statistical Office reports that German exports decreased by 8.0% and imports by 4.4% in June 2019 year on year. After calendar and seasonal adjustment, exports were down 0.1% on May 2019, while imports rose 0.5%.

U.S. Retail Imports Remain at Near-Record Levels

(maritime-executive) Imports at major retail container ports in the U.S. are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

North American Port Gets Major Investment

The Government of Canada has announced a USD $4.5 million investment for a project in the Sarnia-Lambton corridor and Port of Sarnia, which is aimed at expanding the country’s access to international markets.

Non-manufacturing slips in July but still growing, reports ISM

The index ISM uses to measure non-manufacturing growth—known as the NMI—fell 1.4% to 53.7 (a reading of 50 or higher indicates growth is occurring) in July. This reading represents the 114th consecutive month of NMI growth, with July’s NMI down 3.9% compared to the 12-month average of 57.6. July’s reading is the lowest over that span.

Handy Bulker Values to Rise Over 30% by End of 2020

The US China trade war is still on, but how negative its impact will be on global economic growth and shipping remains to be seen.

MARAD Designates New Marine Highway Projects

(gcaptain) The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the designation of nine Marine Highway Projects and a Marine Highway Route, helping shift the transportation of cargo and people from the highways to the nation’s waterways.

Indian Stainless Flat Import Probe and Rationale Behind It

(hellenicshippingnews) This insight explores the reasons that led to the Indian government considering import restrictions and their possible implications.

Greek Ship Owners On the Market for Young Bulkers

(hellenicshippingnews) With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk tonnage.

North Sea Port to Get New RoRo Terminal

(destatis) Turkish logistics company Ekol Logistics and Belgian freight forwarder Transuniverse Forwarding have decided to construct a 40-hectare multimodal site at Kluizendok in Ghent, part of the Dutch-Belgian North Sea Port.

More freight transported across the oceans

(destatis) Increasing quantities of sea freight were registered by the German ports last year. Container and other cargo vessels carried roughly 300 million tonnes of goods via German sea ports in 2018. The Federal Statistical Office (Destatis) also reports that this was a year-on-year increase of 1.6%. Maritime transport is much more important for goods transport than, for example, air transport. In 2018, the quantity of goods carried by sea was approximately 61 times that of air transport (which was roughly 5 million tonnes).

Drewry: Fairly Modest Growth Expected in Asia-Med Trade

(worldmaritimenews) Asia to the Mediterranean trade appears to have bottomed out, but growth during the rest of the year is likely to be fairly modest, according to shipping consultancy Drewry.

UK Asks British Ships to Avoid Strait of Hormuz

(maritime-executive) The UK's foreign ministry has asked UK-flagged ships to stay away from the Strait of Hormuz, one of the busiest waterways in the world for petroleum shipping, after Iranian forces boarded and seized the British tanker Stena Impero on July 19.

Dry Bulk Market: Capesize Market Sizzling Hot

(hellenicshippingnews) Another week of gains as the Atlantic basin continues to be pressurised on tonnage and Brazilian cargoes keep up a steady flow.

UNCTAD: China Ranked as Best Connected to Other Countries by Sea

(worldmaritimenews) China has retained its lead as the country best connected to others by sea, according to the liner shipping connectivity index (LSCI) from United Nations Conference on Trade and Development (UNCTAD).

Cape surge shows no sign of slowing

(splash247) Capesize bulkers are now trading for in excess of $31,000 a day, leading a surge across all dry bulk segments with the Baltic Dry Index closing yesterday at 2,064 points – a high not seen since the start of 2014.

Dry Bulk Carriers’ Newbuilding Orders Slowing Down

(hellenicshippingnews) Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings.

Piracy Incidents Down Off Nigeria

(maritime-executive) The number of hijackings and armed attacks on ships sailing off Nigeria has dropped according to new figures from the International Piracy Reporting Centre, IMB.

Baltic Index at 5-1/2 Year Peak as Capesize Demand Soars

(maritimeprofessional) The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore.

China Unveils World’s 1st Smart Oil Tanker

(World Maritime News) China has launched the world’s first intelligent very large crude carrier (VLCC) at the country’s shipbuilding major, Dalian Shipbuilding Industry (DSIC).

Drewry: Shipping Industry’s Benefits from US-China Trade War

(worldmaritimenews) Escalating trade hostilities between the US and China spells bad news for the Transpacific container trade but should also result in higher volumes of intermediate goods, according to shipping consultancy Drewry.

Massive Explosions Rock Philadelphia Refinery

(gcaptain) Firefighters were working to bring under control a massive fire at Philadelphia Energy Solutions Inc’s refinery on Friday that has resulted in damage that could keep the affected unit shut for an extended period, according to Philadelphia city officials and company sources.

London cargo insurers take extraordinary measures in wake of Hormuz attacks

(splash247) After an extraordinary meeting of the London Joint Cargo Committee to discuss the present situation in the Gulf where six tankers have been attacked in the past six weeks, a number of London cargo insurers have taken the rare decision to issue seven-days’ Notices of Cancellation for the War element of their policies.

Report: Shipowners Ready for IMO 2020, But Bunker Market Lags

(gcaptain) The bunker market is far from ready for the substantial switch in demand to low-sulphur fuel, when the IMO’s 0.5% cap comes into force on 1 January next year, according to the Marine Bunker Exchange (MABUX).

Pompeo Pledges Action Against Iran

U.S. Secretary of State Michael R. Pompeo said of course a military response will be considered after two oil tankers were crippled in attacks in the Gulf of Oman last week.

Container Shipping: The many pitfalls in the coming months will decide the fate of the year

(hellenicshippingnews) As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.

Dry Bulk: A Struggling Market Gets All Hyped Up By Capesize Volatility

(hellenicshippingnews) Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.

IMO 2020 to Boost Diesel Prices for At Least a Year -Analysts

(gcaptain/Reuters) – Global prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said.

German exports in April 2019: -0.5% on April 2018

(maritime-executive) Germany exported goods to the value of 109.7 billion euros and imported goods to the value of 91.7 billion euros in April 2019. Based on provisional data, the Federal Statistical Office reports that German exports declined by 0.5%, while imports increased by 2.1% in April 2019 year on year.

Researchers: Recycle CO2 in Floating Methanol Power Plants

(maritime-executive) Huge floating solar, methanol islands on the ocean could produce enough energy to enable CO2-neutral global freight traffic, says a group of researchers.

Sailing into a climate-challenged future – is shipping able to cope?

(hellenicshippingnews) 2018 can be viewed as the year of pivotal climate action when the world started demanding change.

Sulphur cap claims stack up six months ahead of implementation

(splash247) At a conference held in town downtown Oslo today organised by class society DNV GL, delegates were warned of the likely huge volumes of claims that will emanate from next year’s global sulphur cap on bunker fuel.

Trump’s Mexican Tariffs Could Hit U.S. Refiners Hard

(gcaptain) U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. refiners that use Mexican oil by boosting prices, and raising concerns about potential retaliation by the world’s biggest buyer of U.S. energy products.

ifo World Economic Climate Recovers Slightly

(ifo) The ifo World Economic Climate has recovered somewhat. In the second quarter, the indicator rose from -13.1 points to -2.4 points, having previously fallen four times in a row. Expectations for the coming months have brightened considerably. In contrast, the assessment of the current situation has deteriorated only slightly. This means the global economy should gradually strengthen again over the course of the year.

Global Freight Demand to Triple by 2050

(maritime-executive) Global demand for transport will continue to grow dramatically over the next three decades, with global freight demand expected to triple by 2050, according to projections by the International Transport Forum (ITF), an intergovernmental think tank.

U.S.-China Trade Sanctions Will Be Costly But Likely Ineffective

Embargoes are rarely effective in compelling a change in diplomatic behavior because they create substantial incentives to circumvent the blockade by switching trade, building indigenous capacity or changing technology.

China uniquely placed to ‘green’ shipping

(hellenicshippingnews) The Chinese president, Xi Jinping, said last month that his country’s Belt and Road Initiative (BRI) to stimulate global trade and integration must be “green and sustainable”.

India and Japan to Make Colombo Mega-Ship Ready

The governments of Japan, India and Sri Lanka have struck a deal to jointly develop a terminal at the Port of Colombo in order to meet the growing importance of the Indian Ocean to world trade, according to Nikkei Asian Review.

China's Imports of Solid Waste Continue to Decline

China’s imports of solid waste have continued to decline this year with imports of plastic, paper and metal waste amounting to 4.74 million tons, down 33.1 percent from January to April in 2018.

Dry Bulk: Capesize Market Fails to Find Support

(hellenicshippingnews) The market continues to ebb and flow with a generally positive up trend.

German exports in March 2019: +1.9% on March 2018

(destatis) Germany exported goods to the value of 118.3 billion euros and imported goods to the value of 95.6 billion euros in March 2019. The Federal Statistical Office reports that German exports were up by 1.9% and imports by 4.5% in March 2019 year on year. After calendar and seasonal adjustment, exports increased by 1.5% and imports by 0.4% compared with February 2019.

Japan rules out scrubber ban

(dredgingandports) Several port authorities from around the world have sent no-objection letters and approvals regarding the use of open-loop scrubbers in their waters to the Clean Shipping Alliance 2020 (CSA 2020), indicating they have no intention of banning them.

China stepped up imports of Australian steelmaking coal in March

(hellenicshippingnews) China stepped up purchases of Australian steelmaking coal in March after customs delays earlier this year, Australian government data showed on Tuesday, but exports of thermal coal to the world’s biggest consumer continued to fall.

ifo World Economic Climate Recovers Slightly

(ifo) The ifo World Economic Climate has recovered somewhat. In the second quarter, the indicator rose from -13.1 points to -2.4 points, having previously fallen four times in a row. Expectations for the coming months have brightened considerably. In contrast, the assessment of the current situation has deteriorated only slightly. This means the global economy should gradually strengthen again over the course of the year. The experts expect the global economy to grow by 3.4 percent this year.

Drought forces further draft restrictions on the Panama Canal

(splash247) The unprecedented drought hitting Panama has forced authorities to make a sixth draft restriction change this year. Effective from May 28, ships transiting through the new neopanamax locks will have a maximum authorised draft of 13.11 m, shaving another 30 cm off from the last restriction issued at the end of last month.

Product Tanker Could Soon Be Used for Storage

(hellenicshippingnews) Product tankers could soon be used for floating storage units, as the market is starting to exhibit certain undeniable trends supporting the case for using ships for storage of fuel oils. In its latest weekly report, shipbroker Gibson said that “much of the current market focus is on crude supply, with sanctions, outages and unplanned disruptions impacting on supply.

Drewry: World Container Index Up 2.7% on the Week

(hellenicshippingnews) The composite index increased 2.7% this week but, 2.6% down as compared with same period of 2018.

Changes to credit in bunker industry gain traction as IMO 2020 nears

(hellenicshippingnews) Momentum is building behind changes in the bunker credit industry, as impending changes in marine fuel sulfur content signal higher Costs.

BIMCO: Rising Capesize Deliveries Imperil Fragile Market Balance

(worldmaritimenews) Demolition of dry bulk ships in the first four months of 2019 surged by 120% compared to the same period of 2018, according to international shipping association BIMCO.

Three updated marine regulations you need to know about in 2019

(hellenicshippingnews) 2019 is a busy year in terms of adopted International Maritime Organization (IMO) Regulation.

Drewry: Boxship Scrapping to Rise Ahead of IMO 2020

(worldmaritimenews) More containerships are expected to be demolished ahead of IMO 2020 implementation date, but progress has been slow thus far, shipping consultancy Drewry said.

Beijing launches $30bn offshore asset management platform

(splash247) The central government of China has officially launched an offshore asset management platform to manage the $30bn worth of idle offshore asset owned by state-run companies.

Scrapping set to rise

(hellenicshippingnews) IMO 2020 is expected to increase the number of containership demolitions, but progress has been slow thus far.

China’s weekly export container shipping index edges up

(hellenicshippingnews) China’s container transport for export purposes increased for the week ending Friday, according to the Shanghai Shipping Exchange.

Alphaliner: Boxship Scrubber Retrofits to Surge Ahead of IMO 2020

(worldmaritimenews) The number of containerships taken out for scrubber retrofits is set to increase in the coming months as the date for the implementation of the IMO 2020 rule approaches, Alphaliner said.