Bernhard Schulte is eyeing acquisitions in the maritime services sector in Singapore, as well as major growth of its ship management fleet in the Lion City.
The global sulphur cap is starting to look like an opportunity for the shipping market to finally push through some reasonable freight rate increases, judging from the undercurrents at the Ince & Co business briefing on IMO regulation that kicks in on 1 January 2020.
The need for speed and efficient handling is critical in the reefer trade and digitisation is set to play an increasingly important role.
The nearby spot rates for chartering large LNG carriers have been soaring at a time when future US export projects, fueling forward activity, continue to be given the “green-light”.
The business of offshore drilling and exploration, a close cousin of shipping, continues to generate business combinations, also known as “consolidation”, against the backdrop of worldwide economic strength and oil prices remaining in their sweet spot between $60 per barrel and $80 per barrel.
Early adopters of ballast water treatment systems continue to experience operational problems, delegates heard at the gmec (global marine environmental congress) organised by SMM in co-operation with Seatrade in Hamburg this week.
When it comes to the impact of the 2020 sulphur cap operational and regulatory issues have received a lot of attention, but there is also a commercial angle an North P&I is highlighting the possibilities of disputes and losses from charter party agreements.
Amid all the hype in fintech applications for the shipping sphere, perhaps the most immediately applicable and translatable into practical usage is the electronic or smart bill of lading. This is something that CargoX has astutely put much effort into developing and now stands set to reap the benefits of.
As regulations on Greenhouse Gas (GHG) emissions loom for shipping, simply using less fuel will be one way to help meet environmental targets, and also potentially save cost from more expensive low sulphur fuels.