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Martin Bencher Group Newsletter - week 43

Editorial

The Global Footprint

To travel is to live” – so said by the famous Danish author Mr. Hans Christian Andersen – and indeed we, here at Martin Bencher, are living and exploring the world. I think it goes for most of our readers as well; in order to be no. 1 in our fields, we need to travel, meet face to face, explore, and recognize opportunities and threats in many aspects around the world.
 
Undersigned visited South Africa during the last couple of weeks. It is an amazing country with nature, wildlife, the people living there, and certainly also a great gateway to Central and East Africa. And indeed, it was a pleasure to meet with good clients and business partners. 
 
The local currency has decreased during the years, but with positive trends in the global market and with a new Minister of Finance, the forthcoming government election in 2019 – I had the sense that some positive vibes were shining through the clouds – and I hope they will indeed succeed to build a more stable economy and political foundation which will increase investments and business opportunities for all of us.

If you have any questions or comments regarding the African continent and my recent visit, you are very welcome to contact me, and I will look forward to an interesting dialogue.


Best regards,

Jeppe Frank | CCO
jeppe.frank@martin-bencher.com
Tel: + 45 20 224 189

Martin Bencher News

Air Freight: Gas turbines from Germany to Singapore

 

Our office in Singapore has, in cooperation with our Airfreight and German offices, handled the shipment of a container back and forth between Germany/Netherlands and Singapore. It is a container of dimensions: 556 x 260 x 253 CM / 5000 KGS. 

The container has been forwarded 6 times in total, and was holding gas turbines. Gas turbines are extremely sensitive and require air ride trucks in both ends. 

Even though it is sensitive freight, Martin Bencher has been able to successfully forward it back and forth even though the dimensions were not something which can be forwarded with ease on an air plane. 

Great job done by our specialised air freight team with help from our highly qualified offices in Germany and Singapore. 

Low Sulphur Rule

 

The 2020 Low Sulphur Rule will have a great impact on the international shipping business.

Shipping costs are expected to increase, and carriers have indicated different levels of bunker surcharges.

Container carriers hints at anything between USD 150-300 per TEU and Breakbulk carriers indicate rate increases of 15-30%.

We have also noted that large container carriers expect to introduce slow steaming again, to save costs. This could have a huge impact on shippers with tight deadlines and penalties for late delivery.

We will keep following the market developments.

In what could be the last coordinated European DST ...

On Sunday, October 28 at 03.00 AM, Daylight Saving Time (DST) will end. In many European countries, clocks will be turned back by one hour. The US DST ends one week after the European, November 4. 
Next year may be the last time the Europeans set their clocks forward one hour, as the Europeans are considering scrapping Daylight Saving Time permanently in 2019. If you want to read more about it click here

AWEA Offshore WINDPOWER


October 16 - 17, Martin Bencher attended the AWEA Offshore Windpower in Washington, DC. It was some busy days with a lot of great information and networking events. Thank you to everyone who took the time to talk to our Martin Bencher representatives in Washington last week. 

Japanese Customs Office Regulation

In 2014, Advanced Filing Rules on Maritime Container Cargo Information entered into force. The new rules were introduced because of the need for more stringent border security.

Click here to read more about what kind of cargo to be filed, which persons who are obliged to file etc. 

Shipping News

Carrier Efforts to Stabilise Asia-Europe Capacity Keep Spot Rates Steady
Carrier action to curtail capacity on the Asia-North Europe trade this month appears to have been a success, judging by this week’s Shanghai Containerised Freight Index (SCFI). Read more here.
Watch: 18,000-Tonne BorWin Gamma Platform Installed in North Sea
The 18,000 tonne topside of the BorWin gamma High Voltage Direct Current (HVDC) platform has been installed on its jacket foundation in the German sector of the North Sea. Read more here.
What Shall We Do About Bad Bunkers?
A Danish shipping organization recently held a seminar that revolved around bad bunkering and dealing with the issue which is a current and problematic one. Read more here

Industry News

China International Import Expo
InMay 2017, Chinese President Xi Jinping announced at the Belt and Road Forum forInternational Cooperation that China will hold China International Import Expo (CIIE) starting from 2018. Read more here
Better Things Ahead for Drilling Rigs
The drilling rig market is one of the segments most affected by the oil crisis, which started back in 2014. Read more here.
Offshore Drillers Eye Market Recovery by 2020
Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel. Read more here
Saipem Plans Renewables Push as Oil Clients Keep Lid on Spending
The Italian oil-services provider, which builds projects for the fossil-fuel industry, says it may get more than half its work from clean-energy clients in a decade. Read more here.
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