27 March 2017
February 2016 saw the dry bulk index set record daily lows for the cost of transporting cargo such as coal and ore by sea. Rates fell below the cost of operating vessels and nowhere near enough to make payments on ship debt, while an increasing number of vessels ended up in scrap yards and the major overcapacity caused investors to hesitate in the financing of newbuildings.
From these record lows, the dry bulk index started to slowly rise over the course of 2016 and by November it had risen to four times higher than in February. The 1.257 points that was achieved was its...
20 March 2017
Brussels, March 17th, 2017 – During the first 2017 meeting, the 22 members of the newly-born I AM Industry Alliance of transport chain stakeholders have agreed upon their common vision regarding multimodality, connectivity, logistics and growth and will start to work on the following issues:
- Reduction of air pollution: Decarbonisation, NOx and sulphur emissions;
- Intermodality: Combined Transport Directive, interoperability and Inland Waterways connections;
- Digitalization: E-transport documents and the Reporting Formalities Directive.
The next plenary meeting of the...
Scenarios & strategies for the next phase of world container trade
21 February 2017
The global economy is in the midst of a decade-long slow growth environment. World GDP is predicted to increase 2.8% in 2017, making this potentially the sixth consecutive year of sub-3% growth. As international shipping association BIMCO and other industry analysts have observed, maritime trade may not even benefit from what little growth there is. Any global GDP upturn will be driven mostly by service sectors, leaving the GDP-to-trade multiplier languishing in the doldrums.
After the game-changing political...
7 February, 2017
European Shipping Week will take place in Brussels from 27 February to 2 March and there delegates will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor work practices. The Secretary-General of the International Maritime Organization (IMO), Kitack Lim, and Magda Kopczynska from the European Commission’s DG MOVE, which is the directorate responsible for freight transport safety within the EU, will join industry leaders to speak at a seminar on Monday 27 February . The seminar has been arranged by the same alliance of...
During the golden years for commodities, from 2005 to 2014, high demand and big profit margins pushed companies to produce more and more, sacrificing productivity for volume, and to invest in expensive projects, hoping to bring them to fruition fast enough to profit from the prevailing high prices. Much of that has now come to an end and the dry bulk sectors – from pit to port – must find new paths to an economically sustainable future, heard delegates at the Bulk Ports & Technology 2016 conference. Over two days in Hamburg during June, as part of the 41st TOC Europe Conference & Exhibition,...
Industry experts to sift fact from fantasy about robotics, digitisation and data-driven optimisation in container terminal operations at 40th TOC Europe conference
The revolutionary impact of robotics, digitisation and smart data on container terminal operations will form the backbone of this year’s TECH TOC conference, part of the 40th TOC Europe Conference & Exhibition, taking place 14-16 June 2016 at the Hamburg Messe, Germany.
Container terminals are on the cusp of truly exploiting next generation technologies. No longer just a matter of thousands of tonnes of steel, gears and cables,...
TOC Europe discusses how container terminal operators could respond to a new era of slower growth and less attractive business fundamentals
Hamburg 15.06.2016 – The container terminal industry may well have to learn to live with higher risks and lower returns, maritime industry professionals were told on Day 1 of the TOC Europe Conference & Exhibition, taking place this week at the Hamburg Messe, Hamburg, Germany.
Speaking in the TOC Container Supply Chain (CSC) conference, Neil Davidson, Senior Analyst – Ports & Terminals, at Drewry Maritime Advisors, illustrated how the aftermath of the...
TOC Europe hears global shippers are concerned over carriers’ current financial plight
Global shippers outlined the risks posed by container shipping lines experiencing financial difficulties on Day 2 of the TOC Europe Conference & Exhibition, taking place this week at the Hamburg Messe, Hamburg, Germany.They also urged carriers to develop a wider array of services that they offer shippers.
Speaking in the TOC Container Supply Chain (CSC) conference, Rolf Niese, head of logistics operations at British American Tobacco until recently, admitted that many shippers have “celebrated” the lowest...