Newsletter – October 9, 2018

OCEAN FREIGHT UPDATES

OOCL to Launch Bunker Recovery Surcharge as Its Switches to Low Sulphur Fuel

worldmaritimenews.com

Hong Kong-based Orient Overseas Container Line (OOCL) plans to meet the new sulphur cap regulations by switching to 0.5 percent low sulphur fuel.

The transition to LSF of the company’s entire fleet will start in the second half of 2019, the company said. Read more here.

End of Year Decisions for Shippers

logisticstrendsandinsights.com

Even with a new round of tariffs going into effect on September 24, U.S.-bound imports are pegged to stay at what are being described as near or actual record-high levels until the end of the year according to the latest Port Tracker report. Based on surveys of leading US ports, the Port Tracker estimates monthly imports. The latest estimates are….Read more here.

MSC invests in real-time tracking of its containers

splash247.com

The head of Mediterranean Shipping Company (MSC), the world’s second largest containerline, has predicted real-time tracking of all boxes around the globe will happen sooner or later. MSC is teaming up with tech firm Traxens to equip 50,000 of its dry cargo containers with gadgets to keep better track of individual boxes. Read more here.

CMA CGM boship runs in to pier at Jawaharlal Nehru Port

splash247.com

CMA CGM’s newbuild 10,000 TEU boship CMA CGM Mumbai hit a pier at the Jawaharlal Nehru Port in INdia on Saturday while it was attempting to berth at the port. Read more here.

Supramax sales soar

splash247.com

It’s boiling hot in the supramax segment in the second week of October and a handful of prominent Greek owners have been bidding for ships. Read more here.