Most ocean shippers accepting IMO 2020 bunker surcharge mechanisms

September 12, 2019

Maersk management has indicated a “high acceptance” by customers of its bunker surcharge mechanisms in 80%-90% of its contracts, accounting for around half of the Danish shipping giant’s volumes, as it prepares shippers for a significant rise in fuel costs due to new global low-sulphur fuel rules that come into force next year…

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Source: https://www.lloydsloadinglist.com

US box imports surge again ahead of tariffs

September 11, 2019

Imports at major US container ports reached unusually high numbers just before new tariffs on goods from China took effect on 1 September and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released yesterday by the National Retail Federation (NRF) and Hackett Associates.

New 15% tariffs on a wide range of consumer goods from China took effect at the beginning of this month and are scheduled to be expanded to additional goods on 15 December – covering a total of about $300 billion in imports, the NRF highlighted. In addition, 25% tariffs on $250 billion worth of imports already imposed over the past year will increase to 30 percent on 1 October.

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Source: https://www.lloydsloadinglist.com

 

Union Pacific train derails at Illinois rail yard

September 10, 2019

Union Pacific (NYSE: UNP) train carrying flammable liquid derailed at UNP’s rail yard in Dupo, Illinois. Dupo is across the Mississippi River from St. Louis, Missouri.

At around 12:45 p.m. local time, a derailment occurred in UNP’s Dupo Yard near Carondelet Avenue between Main and Adams Road, UNP spokesperson Kristen South said. UNP was building the train so that it could depart. It was then that the train derailed, causing a tank car to catch fire. Initial information indicates that the tank car was carrying a flammable liquid called methyl isobutyl ketone, which is typically used as a solvent for paints, varnishes and lacquers.

UNP said it was working with area first responders to put out the fire. No injuries were reported at the time, and the yard and the nearby intermodal ramp were evacuated.

 

Source: https://www.freightwaves.com/news/union-pacific-train-derails-at-illinois-rail-yard

Halifax Terminal and Port of Halifax have resumed full operations

September 9, 2019

While impact from Hurricane Dorian is still present across Atlantic Canada, CN Halifax terminal and the Port of Halifax, have resumed full operations as of this morning.

The Port of Halifax worked with Nova Scotia Power overnight last night to address a voltage drop as a result of wind damage to Nova Scotia Power equipment outside of the terminal – power has been fully restored. Gate, Vessel and Rail operations are ongoing from 0800hrs today.

Ferry service to Newfoundland has resumed as of this morning as well, we are anticipating some delay as we work to process the back log on dock with approximately 2 days of traffic on hand.

Source: https://www.cn.ca/en/