Maritime shippers focus on ‘clean’ vessels amid pandemic

While the outbreak of the Covid-19 pandemic has affected the global shipping industry, it has not derailed implementation of stricter environmental, social, and governance (ESG) regulations that are pushing investors to finance only less pollutive and more fuel-efficient ships or “clean” vessels.

The reason is IMO 2020, a new International Maritime Organization (IMO) regulation that took effect on January 1 2020, setting the maximum limit of sulphur content of marine fuels at 0.5%. The objective of the regulation is to reduce the air pollution created in the shipping industry by reducing the sulphur content of the fuels used by its ships and vessels plying the waters of the world.

The IMO is the United Nations body for the global shipping industry. In April 2018, it adopted targets aimed at reducing the industry’s greenhouse gas emissions by at least 50% before 2050 compared with those of 2008.

“What we’re seeing in terms of capital flow both from an equity perspective and from a debt perspective is that capital is very much aligned with companies that have a very prime focus on pursuing these technological innovations that improve fuel consumption,” says Andrian Dacy, global head of Transportation J.P. Morgan Asset Management. “We’re not seeing capital going to older vessels, it’s really focused on the newer ones.

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Source: Hellenic Shipping News

Port of LA launches dashboard to break down forecasted volume for incoming cargo

Dive Brief:

  • The Port of Los Angeles will begin distributing data from the Port Optimizer in a new product called The Signal. The product will contain information on shipments heading into the port over the next three weeks, the gateway announced Thursday.
  • “We’re giving all of our partners — railroads, chassis providers, truckers, warehouse operators and others in the supply chain — a three-week look at cargo coming into Los Angeles,” Gene Seroka, executive director of the Port of Los Angeles, said in a statement. “This planning tool will help make our partners more nimble and efficient, especially during volume surges like we are currently experiencing.”
  • The dashboard breaks down forecasted volume by week, showing what volume is expected to move via rail and the size of the containers making landfall. This can help the port’s supply chain partners properly plan labor and other resources in advance of the container’s arrival.

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Source: Supply Chain Dive

China to declare virus victory with unveiling of vaccines

Three Chinese-made vaccines purported to be safe and effective against Covid-19 have made their debut at a local trade fair, the first to be held for domestic and overseas traders in Beijing since the epidemic first erupted in the country in late December.

Chinese President Xi Jinping will preside over an honor and award ceremony expected to formally unveil the vaccines at the Great Hall of the People on Tuesday (September 8) morning.

The leader is expected to proclaim China’s victory against the virus at the event and commend scientists and researchers who have worked on vaccines, including the nation’s top pulmonologist Zhong Nanshan and People’s Liberation Army (PLA) Major General Chen Wei, who has led the military’s research.

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Source: Asia Times

DB Schenker targets Damco customers: ‘shippers don’t need more uncertainty’

DB Schenker has put aside business niceties and is openly targeting Damco customers, following Maersk’s decision to subsume the brand.

On Friday, the German forwarder offered a “stability package” against uncertainty in ocean cargo for Damco customers.

The package includes an offer to take over short-term agreements of up to two months, with the same conditions customers had with Damco.

“Stable conditions promise stable supply chains: that is what DB Schenker stands for,” said Thorsten Meincke, board member for air and ocean freight at DB Schenker.

“The last thing shippers need at present is further uncertainty. We are making an offer to all those now looking for long-term security and reliability.”

And Schenker has pledged to provide prioritised quotes at short notice for Damco customers.

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Source: The Load Star

A Whole New Way of Looking at Warehouse Safety

One of the biggest challenges for manufacturing and warehousing companies is finding and retaining talent, and this disturbing statistic certainly is a factor: In OSHA’s ranking of the top 10 safety violations in the workplace, forklift operations came in seventh, as OSHA reported 2,093 violations involving forklifts in 2019. And according to the Bureau of Labor Statistics, forklifts were the cause of 74 fatalities and 9,050 nonfatal workplace injuries or illnesses with days away from work in 2017. So in the wrong hands (particularly the untrained or undertrained), these vehicles are quite deadly indeed.

Seven years ago, Material Handling & Logistics and its sister publication EHS Today helped to launch National Forklift Safety Day, an annual event that focuses on the safe use of forklifts and the importance of operator training to foster a safety culture within manufacturing and distribution environments. Although this year’s event ended up going virtual (due to the COVID-19 pandemic), we asked safety experts at several of the major forklift manufacturers to participate in a discussion of current efforts being made to improve overall warehouse safety, and what steps safety professionals should take to ensure that forklift operators and pedestrians alike go home safely every night.

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Source: Material Handling & Logistics