What happens when IMO 2020 collides with cargo slump?

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Category: Marina Mercante
Published on Saturday, 18 January 2020 10:29
Written by Administrator2
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Greg Miller, Senior Editor   

Thursday, January 9, 2020

 https://www.freightwaves.com/news/what-happens-when

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Capesize rates are crumbling. Photo credit: Star Bulk

What’s going on in dry bulk, the world’s largest transport market by volume, is a cautionary tale for all ocean segments.

The Jan. 1 implementation of IMO 2020, the global switch to low-sulfur marine fuel, is coinciding with a seasonal cargo-demand slump. Because bulker owners and operators must pay for the fuel in spot contracts, they’re netting even less as they’re having to cover the incremental cost of IMO 2020-compliant fuel.

In the spot market for “workhorse” Capesizes (bulkers with capacity of around 180,000 deadweight tons), vessel interests do not have enough negotiating power to pass along any of the costs of more expensive low-sulfur fuel to cargo interests.

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Gigantism in container shipping, ports and global logistics: a time-lapse into the future

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Category: Marina Mercante
Published on Tuesday, 17 December 2019 05:23
Written by Administrator2
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https://link.springer.com/article/10.1057/s41278-018-00116-0#Fn17
 

Maritime Subsidies Do They Provide Value for Money?

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Category: Marina Mercante
Published on Monday, 16 December 2019 17:48
Written by Administrator2
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https://www.itf-oecd.org/sites/default/files/docs/maritime-subsidies-value-for-money.pdf

 

The International Transport Forum The International Transport Forum is an intergovernmental organisation with 60 member countries. It acts as a think tank for transport policy and organises the Annual Summit of transport ministers. ITF is the only global body that covers all transport modes. The ITF is politically autonomous and administratively integrated with the OECD. The ITF works for transport policies that improve peoples’ lives. Our mission is to foster a deeper understanding of the role of transport in economic growth, environmental sustainability and social inclusion and to raise the public profile of transport policy. The ITF organises global dialogue for better transport. We act as a platform for discussion and prenegotiation of policy issues across all transport modes. We

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State aid: Commission approves maritime transport support schemes in Cyprus, Denmark, Estonia, Poland and Sweden

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Category: Marina Mercante
Published on Monday, 16 December 2019 16:50
Written by Administrator2
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The European Commission has approved under EU State aid rules five schemes to support maritime transport in Cyprus, Denmark, Estonia, Poland and Sweden. The schemes encourage ship registration in Europe and contribute to the global competitiveness of the sector without unduly distorting competition.

The Commission adopted five separate decisions, concerning

  • the introduction of a tonnage tax and seafarer scheme in Estonia,
  • the prolongation of a tonnage tax and seafarer scheme in Cyprus,
  • the introduction of a new seafarer scheme in Poland,
  • the prolongation and extension of a seafarer scheme in Denmark, and
  • the prolongation of a seafarer scheme in Sweden.

The Commission assessed the five schemes under EU State aid rules, in particular its Guidelines on State aid to maritime transport (the “Maritime Guidelines”) and established that all schemes are

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