Japan firms try out China’s ‘Belt and Road’ cargo transport to Europe

Manjula

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apanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China’s “Belt and Road” initiative designed to improve regional cooperation and connectivity. Major Japanese logistics firm Nissin Corp. and Sinotrans, China’s largest integrated logistics service provider, joined hands this
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Stena Line’s Stena Jutlandica has successfully completed its first month of operation as a battery hybrid vessel.  The project, aimed at converting the ferry to be able to run on electrical power, is part of Stena Line’s efforts to find ways of reducing its impact on the environment, as explained by Erik Lewenhaupt, Head of
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Japanese shipping giant Mitsui O.S.K. Lines has taken delivery of the LNG carrier Marvel Eagle, the first of three vessels intended to transport gas in the U.S. The MOSS-type ship, featuring a capacity of 155,000 cbm, was named on September 5 at the Kawasaki Heavy Industries’ Sakaide Shipyard. The ship was ordered in an en
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The Standard Club (‘the club’), the world’s fourth largest P&I club, has today announced that it is withdrawing from underwriting at Lloyd’s from 2019. The club established a syndicate in 2015 to underwrite marine and energy risks. It represented one strand of the club’s broadly-based strategy to provide its members with a wider range of
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The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At the same time, it fully supports the effective implementation and enforcement of the new regulation
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Egypt will reduce the tariffs on container ships and ferries coming from foreign ports to East Port Said for a period of one year, the Suez Canal Authority said in a statement. A 30 percent discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more
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On October 18, a testbed was established for an Internet of Ships Open Platform (IoS-OP), and for the test NYK provided a next-generation onboard IoT platform that the company has been developing with MTI Co. Ltd., an NYK Group company, and Nippon Telegraph and Telephone Corporation (NTT). The NYK Group will proactively make use of
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Reference is made to the joint announcement of Sinotrans Shipping Limited (the “Company”) and Sinotrans Shipping (Holdings) Limited (the “Offeror”) dated 27 September 2018 (the “Joint Announcement”) in relation to, among other things, the proposal for the privatisation of the Company by the Offeror by way of a scheme of arrangement under sections 670, 671,
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Bangladesh will not allow its shippers to use India’s Kolkata and Haldia ports to export and import goods to and from western countries, a key Bangladesh shipping official said. Currently, ships are allowed to transport bilateral cargo from Kolkata and Haldia ports, but they cannot carry international cargo, which is banned under a coastal shipping
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Booming intra-Asia trades stand to benefit the most from a lengthy US-China trade war.  But low freight rates, overcapacity and poor schedule reliability is putting pressure on shipping lines operating in what is the world’s biggest container market. According to Philip Damas, head of Drewry Supply Chain Advisors, intra-Asia works “on different dynamics” to the
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