China, Russia Carriers to Ship Gas on Arctic Route

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New Joint Venture between Cosco Shipping Holdings Co., and PAO Sovcomflot

China is breaking into Arctic transport through a joint venture between the country’s biggest ocean carrier, Cosco Shipping Holdings Co., and its Russian counterpart PAO Sovcomflot to move natural gas from Siberia to Western and Asian markets.

The state-owned companies will operate a fleet of a dozen ice-breaking liquefied natural gas tankers from Russia’s massive Yamal LNG project along the northern coast of central Siberia to destinations in Northern Europe, Japan, South Korea and China. China Shipping LNG Investment Co., a Cosco unit, will operate another nine such vessels, according to maritime data provider VesselsValue Ltd.

We move the shipment YOU want

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We can transport very Big Load!

TGL, the Service you NEED

At TGL, we can export/import the shipment you NEED. This is an example of one of our customer's shipment!
Whatever the size or weight, we offer a customised service!

This load is a big money machine! But this is not a problem for our experts who deal with this type of freight every day.

Our Office in Vietnam is Opened!

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Our TGL Office in Vietnam is Opened!

Our New Office is Now Operational

We are proud to announce the opening of our Office in Ho Chi Minh, Vietnam. This office aims to improve our connections across the globe and improve our international shipping solutions!
All the more so as Vietnam is one of our largest markets. Two new employees working in this new office have joined the TGL team.

Maersk Swings to Loss, Warns Trade Tensions Hitting Shipping Demand

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Maersk Swings to Loss

Warns Trade Tensions Hitting Shipping Demand

Danish shipping giant A.P. Moeller-Maersk AS swung to a first-quarter loss and warned that rising trade tensions between the U.S. and China could cut container growth by up to a third this year.

Maersk’s warning adds to an increasingly bleak outlook for the container shipping industry, which now expects the tariff-filled trans-Pacific dispute to be a significant drag on earnings. Demand for shipping consumer goods, manufacturing parts and other anchors of global trade is waning at the start of the season when retailers typically stock up for the year-end holidays.

Digital Freight Brokers Turn Physical With Truck Equipment Pools

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Digital Freight Brokers Turn Physical With Truck Equipment Pools

Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads.

Freight-matching startups Convoy and Uber Technologies Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and shippers on their networks.

It’s a notable shift for a sector best known for using apps, algorithms and machine learning to match shippers and truckers.

Shipowners Seek to Slow Services to Meet Emissions Limits

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The new gas emissions regulations raise new challenges

Shipowners Seek to Slow Services to Meet Emissions Limits

Looming new environmental regulations are triggering sharp divisions in the shipping industry between vessel operators investing billions of dollars to reduce emissions and others who want to stave off the financial impact by simply slowing down ships.

More than 100 shipowners, including some big Greek and German charter businesses, have signed a letter to the International Maritime Organization, an arm of the United Nations that works as the global marine regulator, calling for slower sailing speeds to cut greenhouse gas emissions.

If adopted, the measure could ripple across international supply chains, with products taking more time to be delivered and cargo owners paying more for transport costs because of the longer sailings.

Macquarie Gets a Foothold in U.S.-Asia Ocean Trade

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Macquarie Gets a Foothold in U.S.-Asia Ocean Trade

Australian investment group’s $1.78 billion purchase of a major gateway in Southern California comes with $9 billion in guaranteed revenue over the next 20 years

The Australian investment group’s purchase of a multiyear concession to run the Long Beach Container Terminal in Southern California comes with a guarantee from the seller, Hong Kong-based shipping and ports operator Orient Overseas International Ltd. , that the facility will generate $9 billion in revenue over 20 years.

Macquarie paid $1.78 billion to run LBCT until 2051 under a sale that was triggered by U.S. national security concerns. The site is a major gateway for trans-Pacific container trade crucial to retailers and manufacturers. This place will give Macquarie a kind of bookend for its North American maritime infrastructure portfolio, alongside the Maher Terminals LLC operation at the Port of New York and New Jersey that the group bought in 2016.

 

 

Why Amazon is Moving To Make One-Day Prime Shipping The New Norm

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Amazon: One Day Prime Shipping!

This is a new Challenge for the Logistics Industry

Amazon just upped the ante for the retail industry once again, saying it is moving fast to evolve its signature two-day free shipping for Prime members into one-day free shipping.

“This is a big investment,” said Brian Olsavsky, Amazon’s chief financial officer.

Amazon plans to spend an incremental $800 million in Q2 alone—that’s more than one-fifth of its net income in Q1—on this new initiative, with plans to build out the “capacity” the rest of this year, Olsavsky said. In the past month, Amazon “significantly” expanded the selection of products and zip codes eligible for one-day shipping, he said.

Ship Orders Fall to Lowest Level in 15 Years

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Ships Orders Fall to Lowest Level in 15 Years

Ship orders world-wide have shrunk to the lowest level in 15 years. Indeed,  vessel owners are struggling with excess capacity that has kept freight rates well below break-even levels.

According to marine data provider Clarksons PLC report released Friday, there were 3,200 vessels of a combined 81 million gross tons ordered globally in the first quarter, the lowest figure since 2004.

“The global order book has declined to its lowest level since the early stages of the shipbuilding boom,” George Warner of Clarksons Research said.

Crude tankers and bulkers made up around two thirds of all orders a decade ago, but this year the share has dropped to 42% as volatility in commodity markets and changes in global energy consumption have triggered shifts in ocean-going trade.