Page 10 - Al-Rashed Newsletter May 2020

SHIPPING WORLD
DID YOU KNOW?
If you point your car keys to your head, it corroded.”
increases the remote’s signal range
because fluids in your head acts as a
conductor.
Standing around burns calories. On
average, a 70 kg person burns 114
calories per hour while standing and
doing nothing.
SHIPPING NEWS
Maersk warns of 25% drop in shipping as virus snarls trade
The chief executive of the world’s largest container shipping line warned global
trade would drop by a record amount this year and that the coronavirus pandemic
could lead to a rise in protectionism.
Soren Skou, chief executive of AP Moller-Maersk, told the Financial Times that if his
prediction of a 20-25 per cent fall in demand in the second quarter came true it
would be “the biggest drop in demand on record, worse than during the global
financial crisis”.
Maersk expects global trade to contract in 2020 but declined to give a precise
outlook, instead referring to World Trade Organization forecasts of a 13-32 per cent
fall in merchandise trade.
Shipping industry goes digital in lockdown
Ports operator DP World will join shipping company Maersk and other peers in a
blockchain platform aimed at limiting the sector's costly paper trail."The situation
around the coronavirus is a very good catalyst for making sure everyone in the
supply chain can communicate with each other digitally," Mike Bhaskaran, DP
World's chief operating officer for logistics and technology, told Reuters.The Dubai-
based company, one of the world's biggest port operators, plans to connect its entire
business, including its 82 container terminals, using the blockchain technology.
However, the platform has yet to reach a "critical mass" to make a significant
impact.
In many African countries, Maersk relies on fleets of motorcycles known as 'boda
bodas' to deliver documents between ports and shipping agents."The physical flow
of documents with courier and local deliveries on bicycles, all of that will eventually
go away," Clerc said.It currently takes an average of 228 hours to get the necessary
documents and stamps ready for shipping a container with citrus fruits out of South
Africa.
Container ship APL ENGLAND lost 40 containers in rough seas near Australia
Container ship APL ENGLAND reported cargo loss early in the morning May 24
some 40 nm SE of Sydney, after temporary power loss, in rough weather. At least
40 containers went overboard, 74 were damaged. The ship was en route from
Shanghai to Melbourne, ETA May 25. After the accident, she turned back and
headed for Brisbane, ETA May 25.
After the vessel docked in the port of Brisbane, an inspection by the the Australian
Maritime Safety Authority (AMSA) revealed lashing arrangements for cargo were
“inadequate” and securing points for containers on the deck were “heavily
K-LINE joins International Windship Association (IWSA)
Helping to lead the charge for efficiency in shipping is Kawasaki Kisen Kaisha, Ltd.,
or “K” LINE, operating 468 large vessels worldwide as they joined the International
Windship Association (IWSA), the member driven not-for-profit organisation that is
dedicated to the promotion and facilitation of direct wind propulsion in commercial
shipping. They are sending a clear message to the industry and policy makers that
wind propulsion is a credible, viable and increasingly attractive solution, especially
as fuel prices bounce back, with increasingly likely fossil fuel levies in the near
future and more expensive alternative fuels that will start to become commercially
available over the next decade.
Source : https://www.ft.com/content/16f4dbd7-3743-446d-b40f-461a5cde91e7
https://www.itnews.com.au/news/shipping-industry-goes-digital-in-lockdown-548713
https://www.maritimebulletin.net/2020/05/24/container-ship-apl-england-lost-40-containers-in-rough-seas-australia/
https://theloadstar.com