Brazil’s mining giant Vale is considering a temporary closure of its Malaysian distribution center Teluk Rubiah Maritime Terminal (TRMT), which would result in 800,000 tonnes of lost iron ore shipments over the first quarter of 2020.
Shipowner organisations are highlighting the difficulties that regulations aimed at preventing the spread of the coronavirus – COVID-19 – are having on crew changes, and as well as inspections and repairs.
The dramatic drop calls to ports in the Indian sub-continent has led to a sharp rise container freight rates in the first half of March reflecting the effects of large-scale vessel capacity reductions and equipment shortages.
In view of the escalating challenges as a result of the Coronavirus-COVID-19 pandemic Posidonia 2020, Greece’s international shipping exhibition has been re-scheduled from the first week of June to the end of October 2020.
China’s Ministry of Transport and Ministry of Finance has issued notice of a reduction in port construction fees and payments to the ships oil pollution damage compensation fund for a period of six months.
Container lines are cancelling surcharges for reefer containers destined for Chinese ports as the congestion caused by the coronavirus (COVID-19) impact eases.
As the coronavirus (COVID-19) sweeps across Europe and the US causing widespread disruption and lockdowns container shipping could see a loss of 17m teu of cargo in 2020.
The headquarters of the International Maritime Organization (IMO) in London have closed for two days as a precaution against the coronavirus (COVID-19).
Chinese ports are getting back to normal after the coronavirus (COVID-19) outbreak and last week saw 9.1% jump in container volumes, however, bulk shipments were down.
US President Donald Trump has clarified that a 30-day travel ban from Europe to the US to combat the spread of the coronavirus (COVID-19) does not include trade as the original address implied.