The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down by 1.2% to $1,622.68 per 40ft container (updated Thursday, 13 December 2018).
Drewry provides container freight rate benchmarking covering over 8,000 port pair combinations via its Benchmarking Club.
This new control called Valmet DNA Sea Optimal Mode acts as a separate power management mode within the Valmet DNA Power Management System.
Valmet DNA Sea Optimal Mode enables ship owners to achieve up to 3% savings in fuel consumption. The actual savings vary based on the load of the power plant and specific fuel consumption (SFC) profile of the engine. Valmet DNA Sea Optimal Mode has been tested in close cooperation with shipyards and ship owners. It is already in operation on several cruise vessels.Read more
Kuehne + Nagel has leveraged its existing Tradeshift e-invoicing platform by adding a Supply Chain Finance (SCF) layer on top. The platform now not only provides full transparency on invoice status but also gives access to all SCF related information.Read more
UPM welcomes the agreement that will increase the use of renewable energy to 32% in 2030 and requires 14% bioenergy to be used in transport. All the EU member states are obliged to implement a binding advanced biofuel blending mandate starting 2022.Read more
Aimed at accelerating the transition to carbon neutral shipping, Maersk announced its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovations and adaption of new technology is required.Read more
The performance would mean an increase of 8% (312,385 TEUs) compared to CY2017. "Cargo expansion related to growth in inland markets, as well as increased demand right here in the U.S. Southeast have shifted the global logistics arena in Savannah's favor, with more port users choosing to serve their customers via Georgia's deepwater terminals," said GPA Executive Director Griff Lynch.Read more
The Port said that scrap paper shipments were up 3% in the first 10 months of 2018. The increase in Oakland’s recyclable paper shipments contrasts with a generally challenging environment for U.S. exports. That’s important because waste paper is the largest export commodity, measured by container volume, shipped from Oakland.
“We can’t be certain if this trend will last, but the figures seem to show that there’s no loss of demand globally,” said Port of Oakland Maritime Director John Driscoll. “It appears that shippers are finding new markets for their scrap paper products.”Read more
LONDON, Dec. 13, 2018 (Press Release) -It’s awards season and we’re putting on our fanciest outfits to celebrate FIVE WorldStar packaging awards across Europe!
Beginning in the north, our Finnish colleagues won for an ingenious and effective design for pallets of beverage packs.Read more
BRUSSELS, Dec. 13, 2018 (PPI Europe) -“Logistics is becoming more and more of an issue in Germany.” This quote from a paper market commentator summarizes well the feeling among the business community in Germany as transporting goods within the country grows more and more difficult for a variety of reasons.Read more