Newsletter – July 5, 2019

OCEAN FREIGHT UPDATES

Cosco to install scrubbers on 23 boxships

splash247.com

Cosco Shipping Lines has made plans to install scrubbers on 23 containerships in its fleet to comply with upcoming 2020 IMO regulations on sulphur emissions. Read more here.

Maersk and Hapag-Lloyd hit clients with highest war risk surcharges to date

splash247.com

Maersk and Hapag-Lloyd are the latest liners to bring in war risk surcharges for cargoes heading in and out of the Arabian Gulf on the back of six tanker attacks in the region over the past two months. Read more here.

ZIM moves to fill the gap left by HMM at 2M

splash247.com

Israeli carrier has announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk and MSC, with two new strings on the Asia – US Gulf trade. Read more here.

Maersk to roll out new product to offer shippers increased reliability

seanews.com.tr

MAERSK customers can avoid having their cargo rolled if a ship is overbooked by using its new ‘Maersk Spot’ product that guarantees equipment and loading. The product will be implemented on Maersk.com from the beginning of August. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

E-commerce growth drives warehouse demand in India over supply for the first time

theloadstar.com

Warehousing demand in India has overtaken supply for the first time in four years, with e-commerce and global consumer goods companies driving much of the growth. Read more here (login required).