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COSCO SHIPPING Lines Promotes Contactless Pickup of Imported Goods with Blockchain Technology
July 1, 2020 (Press Release) - Recently, in cooperation with Qingdao Port under Shandong Port Group, COSCO SHIPPING Lines launched a program of digital, contactless pickup of imported goods based on blockchain technology, bringing a new level of convenience to customers. So far, through paperless release of imported goods, the company has completed the release of 500 containers at Qingdao Port. On average, each container has saved nearly 24 hours of pick-up time for customers.
For this purpose, COSCO SHIPPING Lines and Qingdao Port have made adequate preparations. Previously, according to the requirements of carriers and ports, customers were required to prepare paper documents for picking up goods and complete pickup procedures at their respective service windows. Nowadays, with the help of traceable and trustworthy blockchain technology, carriers and ports have achieved data interconnection between systems and collaboration and mutual trust between processes. By doing so, customers who import goods can experience streamlined operation procedures of carriers and ports on the blockchain at once and pick up goods in a shorter amount of time.
Since the program was launched in November 2019, COSCO SHIPPING Lines has promoted it at a number of ports in China, and provided easy paperless pickup service for customers with sea waybills and telex release B/L. For the future, through technology-enabled innovations, the company will expand the practice to more ports and offer customers improved services.
About COSCO SHIPPING
The total fleet of COSCO SHIPPING comprises of 1330 vessels with a capacity of 107.10 million DWT, ranking No.1 in the world. Its container fleet capacity is 2.99 million TEU, ranking the third in the world. Its dry bulk fleet (446 vessels/42.78 million DWT), tanker fleet (206 vessels/26.30 million DWT) and general and specialized cargo fleet (148 vessels/4.25 million DWT) are all topping the world’s list.
SOURCE: COSCO SHIPPING |
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Annual Australian Woodchip Exports Down 21.3% Year-Ended April
By Tim Woods Managing Director of IndustryEdge (for Forest2Market's blog)
June 30, 2020 - Australia’s combined annual exports of hardwood and softwood woodchips for the twelve-months-ended April 2020 were recorded at 5.728 million bone dried metric tons (bdmt). Monthly export volumes began dropping around the middle of 2019 and have not been above the 500,000 bdmt mark since October 2019.
Hardwood chips make up the majority of Australian exports. Their annual volume fell 23.5% across the year to total 5.165 million bdmt, well below the 6 million bdmt per annum mark, and the lowest annual total since October 2015.
Always variable, total exports of softwood increased, albeit off a smaller base, up 7.8% compared to the prior 12 months, to total 562,335 bdmt for the year-ended April 2020.
The chart displays total woodchip exports on a monthly basis.
Examined month-on-month, April 2020 saw the monthly export volumes decrease again, after a small lift in March. Combined exports of Hardwood and Softwood were recorded at 397,335 bdmt in April, (367,092 bdmt Hardwood, 30,243 bdmt Softwood). This monthly total sits well below the 477,296 bdmt average monthly export volume for the 12-months to April.
Based on our monitoring of ship movements, we anticipate May’s export volumes will be 342,675 bdmt. We project June’s exports will fall to 217,971 bdmt.
As the latest edition of Wood Market Edge was being finalized, IndustryEdge’s vessel tracking observed only three vessels in transit to Australia and one in port, with 8 departures anticipated in June.
The slowdown is definitely on. The question is how long it will last.
For more detailed analyses of the Australasian wood market, including specific export data and price movements, visit IndustryEdge
SOURCE: Forest2Market |
Kuehne + Nagel Extends 2030 Net-Zero Carbon Goal to Include All Transport by Suppliers
 The Kuehne+Nagel Group has published its Sustainability Report 2019. The company sets out its performance in the areas of environment, social and governance (ESG). The report follows the structure of the Global Reporting Initiative as well as the 17 goals for sustainable development of the United Nations.
Dr. Detlef Trefzger, CEO of Kuehne+Nagel International AG, says: "Sustainability is a social responsibility and is the duty of every individual. Following the successful completion of our environmental goals set ten years ago, we are now starting the next phase of our sustainability strategy. With our Net Zero Carbon programme, we are taking responsibility for sustainable logistics, hand in hand with our customers and partners".
The KN Green environmental programme initiated in 2010 was completed at the end of last year. All targets were reached or exceeded. Over the last ten years, Kuehne+Nagel was able to reduce the CO2 emissions of its own locations by an impressive 27%. The share of renewable energies in total electricity consumption was 18% and the recycling rate over the ten-year average was 77%. By the end of 2019, the area equipped with LED lighting technology corresponded to around 3.8 million sqm.
With Net Zero Carbon, Kuehne+Nagel has launched a sustainability programme for the next ten years. Kuehne+Nagel is playing a pioneering role in the logistics industry with this programme. By the end of 2020, the company's own CO2 emissions (Scopes 1 and 2 of the greenhouse gas protocol) will be neutral; by 2030, this will be extended to all transport by suppliers such as airlines, shipping lines and haulage companies (Scope 3). Net Zero Carbon leverages three fields of action: detection, reduction and compensation of CO2.
Kuehne+Nagel is a member of SXI Switzerland Sustainability 25, the most important sustainability index in Switzerland. In addition, the company was awarded the prestigious EcoVadis Gold status.
About Kuehne+Nagel
With over 83,000 employees at 1,400 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in Sea Logistics, Air Logistics, Road Logistics and Contract Logistics, with a clear focus on integrated logistics solutions.
SOURCE: Kuehne+Nagel
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A.P. Moller - Maersk Updates Expectations to Volumes and EBITDA for Q2 2020
 Copenhagen, 17 June 2020 - Based on the market development, combined with cost measures across the organisation and significant blanked sailings in Ocean, A.P. Møller - Mærsk A/S (APMM) expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 (USD 1.5bn).
With the current trading, the market demand in the second quarter of 2020 is developing more favourable than orginally expected with volumes downfall for APMM now anticipated to be in the range of -15% to -18% for Q2 2020, compared to the intial guidance of -20% to -25%.
Given the uncertainty on demand recovery in the second half of 2020 as economies are still impacted by COVID-19, the full-year guidance on earnings remains suspended.
Søren Skou, CEO of A.P. Moller - Maersk, said, “Despite an expected 15-18 pct. drop in demand due to Covid-19 during the second quarter, I am pleased that we expect to deliver operating earnings slightly above our operating earnings in the first quarter. This also means we expect operating earnings to be higher than they were in the same quarter last year.
“We have been able to navigate well in a very difficult second quarter, adjusting capacity to demand to maintain high utilization of our network and managing our cost across the company. This quarter follows a first quarter where we also delivered year-on-year earnings growth despite 5 pct. lower demand and sharply increasing fuel cost as a result of the switch to low Sulphur fuel on 1 January.
“While uncertainty persist because of the pandemic and low visibility on the recovery path, we benefit from a more resilient Ocean-business.”
A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. The company operates in 130 countries and employs roughly 80,000 people.
SOURCE: A.P. Moller - Maersk |
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BG Freight Line Introduces Tri-weekly Dublin-Liverpool Service to Meet Growing Demand in the Irish Sea
June 17, 2020 - BG Freight Line has taken a positive step by adding an additional weekly service call to meet the growing demands of container traffic between Liverpool and the Irish Sea hub.
The newly announced service will call between Liverpool and Dublin on a tri-weekly basis, ensuring a regular facility to the meet the dynamic needs of each customer in the fast-paced environment of short-sea shipping.
BG Freight Line, part of the Peel Ports Group, provides a comprehensive range of logistics services to and from Ireland, the UK and continental Europe. These services include door-to-door shipping, feedering and quay-to-quay shipping for all types of containerised cargo.
Koert Luitwieler, CEO, BG Freight Line, said: “Our sailing schedule is amongst the best in the business and as part of the Peel Ports Group, we are able to offer the assurance to our customers that we are both an established and reliable partner.
“We are always looking for new growth opportunities and adding another service to the Dublin – Liverpool route will strengthen our excellent Irish Sea network even further. The extra call in Liverpool allows us to meet the demands of our customer, giving them greater flexibility to move last minute cargo closer to its end destination in an ever-changing landscape”.
David Huck, Managing Director, Peel Ports said: “We are delighted to welcome this extra weekly service as it reinforces the strategic importance of this route, as well as our ambition and commitment to provide the seamless movement of goods between Dublin and Liverpool.
“During these uncertain times, it’s imperative that we remain agile for our customers and remain customer-focussed to find a fast solution that ensures cargo, especially essential supplies reaches its destination on time”.
The Port of Liverpool is ideally positioned to be at the heart of a distribution network for UK and Irish markets. The Port is adept at offering innovative and sustainable solutions for warehousing, manufacturing and retail industries, connecting the UK’s major conurbations to both the Irish Sea Hub and beyond.
SOURCE: Peel Ports |
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