Vopak to Invest in Rotterdam Terminal
Vopak Rotterdam Botlek is investing in 63.000 cbm state-of-the-art stainless steel capacity (15 tanks) for the storage of Styrene and other hazardous chemicals. Styrene is a vital product used in manufacturing of a wide variety of consumer goods serving markets such as packaging, construction (for example isolation) and automotive. The new infrastructure will be fully insulated to allow for product temperature control and is designed to prevent any emissions to the environment.
Asia Cruise Cooperation Launched
Five Asia cruise destinations – Hainan, Hong Kong, The Philippines, Taiwan and Xiamen–jointly announced the launch of Asia Cruise Cooperation (ACC), a committed and resourceful alliance with a strong commitment to maximize the growth of cruise tourism in Asia. Launched at a cocktail reception at Seatrade Cruise Global in Ft. Lauderdale, Florida, the members of ACC vowed to provide full support to cruise lines to develop Asian cruise products. Riding on the success of Asia Cruise Fund founded in 2014 and the participation of Xiamen since January…
OOCL Partners with Microsoft for AI Project
Hong Kong-based shipping company Orient Overseas Container Line Limited (OOCL) has partnered with Microsoft’s research arm to improve network operations and achieve efficiencies within the shipping industry through applied Artificial Intelligence (AI) research.The partnership, between OOCL and Microsoft Research Asia (MSRA), will apply deep learning research to shipping network operations with a projected $10 million annual operational cost saving. The collaboration is also expected to nurture over 200 AI developers over the next 12 months.“With MSRA’s efforts and expertise…
Hapag-Lloyd's First-Ever Call at Prince Rupert
Hapag-Lloyd, the market leader in Canada, is expanding its local network. On April 21, the “YM Masculinity” called at a new destination, the Port of Prince Rupert, for the first time. The ship, which operates on the ‘PS8’ service of THE Alliance, was sailing from Asia to North America offering leading transit times and new options for customers. “With the decision to incorporate Prince Rupert into our network, we strengthen and further expand our position in Canada,” explained Uffe Ostergaard, President of Hapag-Lloyd America.
ESRG Partners with Jason Marine Group
ESRG has partnered with Jason Marine Group to expand ESRG’s presence in Southeast Asia. Jason Marine, based in Singapore, will distribute the OstiaEdge platform throughout Southeast Asia. Jason Marine will also provide customer support, ship installation and maintenance services for vessels throughout Asia. We are very excited to be partnering with Jason Marine,” said Ken Krooner, President of ESRG, “Jason Marine brings tremendous experience, both to help expand the marketing…
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S. President Donald Trump on trade and been hit with tariffs on steel and aluminum, but it has not yet threatened counter-tariffs.
CMA CGM Rolls Out Asia-West Coast South America Offer
CMA CGM has announced the launch of the new service offer between Asia and West Coast South America, the most comprehensive offer on the market between these two strategic areas. - 4 direct weekly services between Asia and West Coast South America and the Caribbean (NEW ACSA1, NEW ACSA2, NEW ACSA3 et PEX2). - The largest port coverage in Asia, in South America and the Caribbean with 29 ports called. - The best transit times on the market between Asia and West Coast South America.
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. The Ocean Alliance Day Two Product has a carrying capacity of around 3.1 million TEUs (Twenty-foot Equivalent Unit) with 331 containerships deployed on 41 services. CMA CGM will continue to play a major role within the alliance, deploying a fleet of 121 ships.
Grand Bahama Shipyard Expands Sales Team
Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East. According to the shipyard, their prime objectives will be to increase yard exposure, as well as develop future projects with existing and new customers for their refit, refurbishment or revitalization projects. Andre Szadzinski joined GBSL in August 2016 as Regional Sales Director for North and South America.
A.P. Moller Holding Appoints Jan T. Nielsen as CIO
Jan Thorsgaard Nielsen, Senior Managing Director of Blackstone, is appointed Chief Investment Officer (CIO) of A/S. A P Moller Holding (APMH). APMH is a privately owned holding company and is the biggest shareholder in A P Moller-Maersk (APM), the Danish shipping giant. Jan T. Nielsen holds a Cand. Oecon. from Aarhus University, Denmark, and has been with Blackstone since 2005. He started working for Blackstone in London as an associate and was subsequently promoted to principal and Managing Director. During this time, Jan T.
China to Set up Hainan Free Trade Zone by 2020, Port by 2025
China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters in the province, state news agency Xinhua reported citing a government document. The guidance was jointly issued by the ruling Communist Party and State Council, Xinhua said. It comes after President Xi Jinping announced on Friday that the country would grant foreign firms greater economic freedom in the southernmost province. Known for its sandy beaches and resort-lined coast…
Keppel Appoints Vestring to its Board
Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office. Of his 24-year career with Bain, Mr Vestring has spent over two decades in Asia advising leading companies on portfolio strategy, growth, mergers and acquisitions, merger integration, organisation and performance improvement. The companies he has advised include those in shipping, offshore & marine, industrial products, automotive, infrastructure, commodities, airlines and telecoms. Mr Vestring works closely with Asian and multinational companies to grow organically and inorganically across Asia.
CMA CGM, Lekki Port to operate Lekki Port’s future CT
The CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, announced the signing of a Memorandum of Agreement to operate Lekki Port’s future container terminal.Located in Nigeria, the future Lekki Deep Sea Port will be developed, built and operated by LPLE, a joint venture enterprise led by the Tolaram Group, the Lagos State Government and the Nigerian Ports Authority.As the container terminal operator, CMA CGM, through its subsidiary CMA Terminals…
APL Adds Port Calls to CP1 Service
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines.
APL Extends Eagle GO. Guaranteed to Trans-Atlantic and Oceania Network
APL has announced the extension of Eagle GO. Guaranteed to its Trans-Atlantic and Oceania services networks. Shippers who opt for the premium offering will be guaranteed equipment and vessel space on board six US-bound services from 17 European ports, and seven services destined for Australia and New Zealand from 15 Asian ports. Calvin Leong, Chief Trade Officer of APL, said, “In our continued drive to address our customers’ expanding needs, I am pleased to announce the extension of our warmly received Eagle GO.
APL's Eagle GO Service Extended
APL today announced the extension of Eagle GO. Guaranteed to its Trans-Atlantic and Oceania services networks. Shippers who opt for the premium offering will be guaranteed equipment and vessel space on board six US-bound services from 17 European ports, and seven services destined for Australia and New Zealand from 15 Asian ports. Calvin Leong, Chief Trade Officer of APL, said, “In our continued drive to address our customers’ expanding needs, I am pleased to announce the extension of our warmly received Eagle GO.
Los Angeles port Volumes dip
The Port of Los Angeles processed 577,865 Twenty-Foot Equivalent Units (TEUs) in March, a decrease of 27 percent compared to last March. The expected decline came after a record February when shippers moved cargo ahead of the Lunar New Year holiday celebrated in Asia. “We’re comparing our numbers to an extraordinary 29 percent volume gain last March so a decline is not unexpected,” said Port of Los Angeles Executive Director Gene Seroka. “Lunar New Year timing and subsequent canceled or reduced sailings played a factor.
APL Enhances Asia–Latin America Network
APL, ocean carriers, providing world-class container shipping and terminal services, has announced the launch of the Quetzal Express (QEX) service, a new weekly service that directly connects the key markets of China, Mexico and West Coast South America. APL, part of the CMA CGM said that the QEX service promises the industry’s fastest transit time of 22 days from South China to Mexico. It is also the only service that offers a direct connection from Taiwan, Central and South China to Puerto, Quetzal and Guayaquil.
AAL Expands Its European Team
Multipurpose shipping operator AAL announced it is expanding its European team, agency network and service capabilities. Its Hamburg team is bolstered with the appointment of Eike Muentz to General Manager Europe and Jan-Henrik Heyken to Senior Chartering Manager Europe. Simultaneously, it is expanding its European agency network, with Maritima Davila (Grupo Davila) in Spain, Breakbulk Project Agencies in France (a division of Shipping Agency Service Le Havre) and De Keyser Thornton in Belgium (to cover Benelux).
Maersk, Hamburg Süd Improves Asia-Europe Services
While Maersk Line relaunched Asia-Europe Network to increase schedule reliability, Hamburg Süd upgraded schedule reliability in Asia – Europe/Mediterranean network. Maersk Line announced changes to its services connecting Asia and Europe to focus on improving the reliability of the world’s most comprehensive Asia-Europe network. Enhancements address customers’ needs for stable and efficient services and allow for competitive coverage of ports and main markets in both Asia and Europe.
American Welding Society Opens Asian Offices
The American Welding Society (AWS), a nonprofit organization dedicated to advancing the science of welding, has announced the opening of AWS Asia. Based in Hong Kong, China, with a second office in Beijing, AWS Asia will help serve AWS’s growing Asian market. In early May, AWS purchased the World Engineering Xchange International Limited (WEX Asia) office in Hong Kong. The office, located at Technology Park, Unit 2508, 25/F, 18 On Lai Street, Shatin, N.T., Hong Kong, will now serve as AWS Asia’s headquarters and Yoanne Lau will lead as Managing Director of AWS Asia.
CMA CGM Services to Asia and Mexico, Central America & WCSA
In a continued effort to provide our customers with reliable and efficient services from Asia to Latin America, CMA CGM wishes to inform about the improvement of ACSA services linking Asia to Mexico, Central America and West Coast South America. Port coverage will increase and will be improved with: Pusan EB call, Balboa EB and Coronel on ACSA 2. CMA CGM will keep providing the most efficient services to link Asia to West Coast Latin America and Caribbean: 4 unique direct services from Asia to Mexico…
HMM to Order 20 Mega Containerships
South Korea’s largest shipping line Hyundai Merchant Marine (HMM) announced it will order 20 new containerships, including eight 14,000 TEU vessels and 12 ships above 20,000 TEU. The announcement comes less than a week after the South Korean government unveiled its Five-year Plan for Rebuilding Korean Shipping. HMM said it has sent a request for proposal (RFP) to eligible shipbuilders. Once a builder is selected, HMM will decide between scrubbers or liquefied natural gas (LNG) bunkering in order to comply with the environmental regulations due to enter force in 2020.
THE Alliance Sets Out Service Plans
The members of THE Alliance announced the details of the plan for their product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 modern ships in the Asia /Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea. The start of THE Alliance as the most integrated liner shipping consortia is scheduled for April 2017 (subject to completion of all relevant regulatory requirements). “The product of THE…
G6 Alliance Modifies Asia-Europe
The G6 Alliance has strengthened its Asia-Europe service by adding additional ports. The G6 alliance, consisting of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, will be upgrading its Loop 7 service to include calls at Gothenburg and Antwerp. One of the G6 Alliance operators Hapag-Lloyd, said that in response to market demand, members of the Alliance announced the following Asia – Europe service enhancement to improve the connection between Asia and Scandinavia.
CMA CGM Reshuffles Asia–USEC Services
CMA CGM announces the reshuffling of its services on the Asia – US East Coast trade. A service operated by CMA CGM with 11 vessels of 5 500 teus. A service operated by China Shipping, Evergreen and UASC with 9 vessels of 4 000 teus. The Columbus Suez service operated by CMA CGM and Maersk Line with 16 vessels of 8 100 teus remains unchanged. “The strengthening of our Asia / USEC loops means 3 departures a week and a wider geographical coverage.