Friday, October 12, 2018

The Round-Up Some Pieces of News from the Freight and Logistics Sector You May Have Overlooked

Shipping Industry Insights This Week
Shipping News Feature
SWEDEN – POLAND – This week the round-up of some of shipping and logistics smaller news items begins with the announcement that freight and passenger RoRo ferry company Stena Line has introduced a new RoPax vessel on the route between Karlskrona and Gdynia making this the fourth such craft on the service. The Stena Nordica has capacity for 450 passengers with 1,950 metres of vehicle lanes and will make the trip between Sweden and Poland in ten and a half hours.

The addition of the new, fully refurbished ship means freight and passengers now have a choice of up to four departures a day from each port. The number of departures per week is now 46 which is a record on this route. Stena says the introduction was necessary as traffic on the route is as a result of demand from both sectors.

US – A record-breaking peak season continues at the Port of Oakland. The Port says that last month was the busiest September for import cargo in its 91-year history. That followed another all-time record in August. Oakland has handled the equivalent of 168,289 TEU loaded import containers in the past two months. That breaks the previous August-September record of 158,320 set back in 2006 and one more month of import growth could give Oakland its busiest peak season in Port history.

CANADA – WORLDWIDE – TIACA’s 2018 Air Cargo Forum being held this year in Toronto from 16 to 18 October, will feature the booming rail freight industry in North America and strong growth in use of inland ports for cargo transport amongst a variety of other current topics to include the e-commerce boom and its effect on logistics, how Blockchain will deliver smart and secure supply chains, and the future of unmanned freight aircraft.

The Forum this year will also see the welcome return of CargoLinX, sponsored by Qatar Airways and run in partnership with Neutral Air Partners and Americas Alliance, the online ‘speed networking’ scheduling tool, which allows visitors to schedule up to thirty 25-minute meetings with leading air cargo companies ahead of the event, which went live last week. Access can be made here.

FRANCE – SWITZERLAND – DENMARK – It would appear that our speculation regarding the mystery bidder who had offered to acquire Ceva Logistics, a move which prompted container line CMA CGM to increase its own stock holding to 33%, was misplaced.

Had we waited an hour or so we would have seen the true aggressor as DSV, the Danish group which said in a statement that the offer of CHF27.75 would have rewarded sellers with a 50.7% premium (the shares jumped as the news broke from CHF18.42 to 24.520. DSV says it felt the two would have made a good fit but it has no dialogue with Ceva regarding a voluntary public tender offer for the outstanding equity of the group.

GREECE – On November 20-21 the Petrospot Academy in Piraeus is offering a two-day advanced-level course designed for management and staff involved in key areas of bunkering activity. It examines bunker trading and sales, price risk management, fuel supply and bunkering operations. It will cover the essentials of oil trading, cargo purchase and terminal storage, fuel quality and availability, the use of alternative fuels, and the far-reaching impact on global bunker markets of new emissions regulations, particularly the implications of the IMO 0.50% global sulphur cap.

SINGAPORE – UAE – JAPAN – Golden-Agri Stena, a joint venture between Stena Bulk and Golden Agri-Resources formed in 2012 principally to ship palm oil, has started a new joint venture, GSB Tankers, together with Bay Crest Management. The new outfit will undertake the operation and commercial management of chemical tankers. GSB Tankers will commence operation on 1st January 2019, out of the existing premises of Golden-Agri Stena in Singapore with offices in both Dubai and Japan. At first, BSB Tankers will manage eighteen chemical tankers with the aim of managing thirty chemical tankers within the next two years.

WORLDWIDE – To coincide with Mental Health Day the American Club and Seamen's Church Institute (SCI) have cooperated to produce a new guide, Caring for Seafarers’ Mental Wellbeing. The document provides guidance on responding to both routine and extreme stressors impacting the quality of life and safety of seafarers both ashore and afloat, and seeks to promote awareness generally of the importance of seafarer mental wellbeing and can be accessed here.

UK – Leicestershire based Tools supplier Cromwell Tools, has chosen Howard Tenens as its distribution partner to facilitate their national branch distribution from Q3 2018. The three-year deal will see Howard Tenens utilising their Closed Loop Transport Network which is currently utilised by the likes of Toolstation, Honda and Cotswold Outdoor to provide a Through The Night (TTN) distribution solution to the UK Cromwell branch network.

Tenens will be delivering in excess of 1,250 cages per week across the estate, where the drivers are given sole responsibility of gaining access to the store, delivering the cages in a secure given location, processing returns, securing the site, and finally returning all empty cages and reverse logistics product back to Cromwell’s distribution centre.

UK – Gregory Distribution (Holdings) Ltd has acquired ARR Craib Transport Ltd, whose headquarters are in Aberdeen, with additional operations in Cumbernauld, Stockton and Great Yarmouth. With a £50+ million turnover and over 275 vehicles Craib, like Gregory, is a family owned concern and employs in excess of 400 staff. This acquisition will add significantly to Gregory ‘s Scottish operations giving the group a strong market presence in both Scotland and South West England.

UK – Innovate UK have granted £430,332 funding to a consortium, led by Ferguson Marine Engineering Limited, to design and integrate a hydrogen diesel dual fuel injection system on board a commercial ferry. The hydrogen to be used in the project will be produced in Orkney, Scotland, from the abundance of clean renewable energy sources available on the islands and will power a ferry operating between the main town of Kirkwall and the island of Shapinsay.

The project will be executed by a consortium consisting of Ferguson and the Orkney Islands Council, High Speed Sustainable Manufacturing Institute (HSSMI), the European Marine Energy Centre (EMEC), and Lloyds Register. The project will apply, together with the Ultra Low Emission Mileage Company (ULEMCo), a globally unique technology in hydrogen dual fuel.