Page 6 - Al-Rashed Newsletter September 2021

SHIPPING WORLD
DID YOU KNOW?
Children born in 2020 will experience
extreme climate events at a rate that
is two to seven times higher than
people born in 1960
You burn more calories eating celery
than it contains (the more you eat the
thinner you become)
Ship stores own CO2 emissions while sailing
The Rotterdam-based Value Maritime claims to be the first in the world to be
able to capture and store CO2 while at sea. Early October, the ship Nordica
will be the first to use this new sustainable technology. The capability to
capture and store up to 100 % CO2 is modelled on an existing filter system
for sulphur oxides and particulate matter..
Chinese buyer for Maersk refrigerated container business
AP Moller-Maersk has agreed to sell its refrigerated container business,
Maersk Container Industry (MCI), to China International Marine Containers
Ltd (CIMC).
CIMC will take over MCI’s entire organisation and assets which include the
refrigerated container factory in Qingdao, China, as well as its R&D and test
engineering facilities in Tinglev, Denmark.
The US$987.3m deal will see MCI become part of a market-leading company
in the container equipment industry. Headquartered in Shenzhen, and listed
on the Shenzhen Stock Exchange and Hong Kong Stock Exchange, CIMC
provides equipment and services for logistics and energy industries. CIMC
Containers is its largest business segment and is specialised in the
manufacture of dry containers, refrigerated containers and special
containers. MCI will be part of a new product line within marine reefer units to
complement the existing product portfolio, including reefer boxes.
Container line schedule reliability hits new low of 33.6%
SeaIntel’s August Global Liner Performance Report saw schedule reliability
dropping to 33.6% its lowest level in the 10 years the analyst has tracked
container line reliability.
Much of the year schedule reliability had hovered around 35 – 40%,
however, the August coincided with growing port congestion in the US, Asia
and elsewhere, which has worsened yet further in September. The report
said that late arrival of vessels had continued to deteriorate in August
increase 0.58 days to an average of 7.57 days.
No lines managed to score 50% schedule reliability in August, and six
registered less than 20%.
Highest was Maersk Line with 45.6% schedule reliability and the lowest was
Evergreen at just 11.5% for the month of August.
Source: innvovationorigins.com, Coolingpost.com, seatrade-maritime.com