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Thursday, October 17, 2019

Cma Cgm News

Map: CMA CGM

CMA CGM Set to Launch Guinea Gulf Express

French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its  offer on the trade Europe and Mediterranean to West Africa strategic markets.The new Guinea Gulf Express is the second service from Gibraltar hubs linking European, Med and North America to Tema, Ghana, Nigeria Lagos port and Conakry, Guinea.It will provide perfect answers to Customers’ needs with transit times amongst the best on the market…

Pic: Traxens

Traxens, UN Unveil Smart Container Data Standards

France-based developer of smart data for ports Traxens has led the development of the first standards for smart container data exchange now published by the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT).Business Requirements Specifications (BRS) delivers internationally standardized messaging to facilitate the use of smart container data. Although many smart containers are already in use, there are no global standards in place to capture and…

Pic: CMA CGM Media Gallery

Moody's Downgrades CMA CGM's Rating

Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its "materially weaker" liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3. The outlook was changed to stable from negative."Today's rating action reflects that CMA CGM's liquidity profile has weakened materially in the last 12 months as a consequence of the acquisition of CEVA Logistics AG…

The 400-meter-long, 23,000-TEU CMA CGM Jacques Saadé has been launched at Shanghai Jiangnan-Changxing Shipyard. It will be the world's largest containership to run on LNG fuel. (Photo: CMA CGM)

World's Largest LNG-powered Containership Launched

The CMA CGM Group has launched its first new vessel in a series of nine liquefied natural gas (LNG) powered ultra large containerships at the Shanghai Jiangnan-Changxing Shipyard, the France-based shipping and logistics company announced on Wednesday.At 23,000-TEU capacity, the CMA CGM Jacques Saadé and its eight French-flagged sisterships will be the world’s largest containerships to run on LNG propulsion.“With the launching of the first 23,000-TEU ship powered by liquefied natural gas…

Image: Port Nelson

Port Nelson Reports Continued Steady Growth

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018. Net Profit After Tax, including a $2.6 million increase in the valuation of investment property, was $15.3 million.In consideration of the steady growth of the region’s exports through the port and the promising returns on investments…

From left: William J. "Bill" Shea, CEO of Direct ChassisLink, Inc and J. Christopher Lytle, 
recently retired Executive Director of the Port of Oakland, CA
 (Photo: CII)

Shea Awarded Annual Connie Award by CII

Some 300 transportation leaders packed a hotel ballroom Tuesday as the Containerization and Intermodal Institute presented its Connie Award to William J. "Bill" Shea, CEO of Direct ChassisLink Inc. (DCLI). J. Christopher Lytle, recently retired Executive Director of the Port of Oakland and former head of the Port of Long Beach, was given the group's Lifetime Achievement Award. The gala event was held at the Renaissance Hotel in Long Beach, CA.In his presentation remarks, Michal J.

Image: CMA CGM

CMA CGM Launches Rhine Valley Rail

The CMA CGM Group has introduced Rhine Valley Rail, a new rail service connecting the Port of Rotterdam with the German hinterland. The train connections are aligned with CMA CGM’s deep-sea services.Operated in cooperation with TFG, the Rhine Valley Rail service will officially start with its first train departure in Dortmund on 18 October. A total of six departures per week between the Port of Rotterdam and the German inland hubs of Dortmund, Duisburg and Ludwigshafen will be…

Olivier Casanova (Photo: CMA GCM)

CMA CGM Appoints Casanova Deputy CFO

The CMA CGM Group announced the appointment of Olivier Casanova as Group Deputy Chief Financial Officer.He will also serve as CEVA Logistics’ Chief Financial Officer.Casanova is a graduate from HEC. He started his career in 1991 as an investment banker then became Managing Director at SG Warburg/UBS in Paris and London. He joined Thomson in 2002 where he held various positions, notably as CFO of the Displays & Components Division and then Deputy CFO of the Group before being appointed Head of Strategy and Marketing.

Pic: Port of New Orleans

Port NOLA President Says Volume is Booming

Port of New Orleans (Port NOLA) President and CEO, and New Orleans Public Belt Railroad Corporation (NOPB) CEO Brandy D. Christian highlighted record volumes and bold vision for the future in the 2019 State of the Port address.Christian outlined key short- and long-term strategies to capitalize on current momentum and to create opportunities in the future. In the address titled “Opportunity Calls, We Answer,” Christian attributed the successes to collaboration and partnerships…

Image: T.S. Lines

TS Lines Adds Pan Asia Service Loop

Taiwanese ocean carrier TS Lines (TSL)  has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The PA1 service offers one of the most comprehensive Northern China market coverage comprising seven China main ports as well as Hong Kong, Singapore and Malaysia, said a press release.The PA1 service commenced sailing from Shanghai on 30th , August with the following port rotation: Shanghai -Dalian – Xingang – Qingdao…

A CMA CGM boxship underway in a file image (CREDIT: CMA CGM)

2Q Red Ink for CMA CGM Again

CMA CGM, the world's fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. economy.The French-based group said on Friday that it expected a better second half of the year, supported by previously announced plans to reduce costs and reorganise its shipping services.CMA CGM said it made a second-quarter net loss of $109 million…

Photo: CMA GCM

CMA CGM will not use the Northern Sea Route

Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister for the Ecological and Inclusive Transition Brune Poirson, this afternoon has invited to the Elysée Palace representatives of the shipping industry including global leader CMA CGM.On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, will…

Rodolphe Saadé, Chairman CEVA Logistics. Photo: CMA CGM Group

CEVA Logistics Implements Turnaround Plan

Following the friendly takeover bid for CEVA Logistics, the CMA CGM Group has implemented a turnaround plan which includes a new governance, a new brand identity and priorities reset. CEVA’s new operations center opened in Marseilles.The CMA CGM Group now holds 99.6% of CEVA's equity. Structural decisions have been made during the second quarter of 2019 to enable CEVA’s financial recovery and create the conditions of a solid and successful turnaround.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

Logo: Xeneta

Xeneta: Trade War Impacting on Far East

Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta, the leading ocean freight rate benchmarking and market analytics platform, July saw a marginal decline in rates of 0.4%, with a marked fall in the Far East export benchmark. Meanwhile US exports and European imports performed well.The global index has now fallen by 2.4% since its all time high in May this year…

Map: American Association of Port Authorities

Port of Boston Sets New Record

The Massachusetts Port Authority (Massport) announced another record year for the Port of Boston’s Paul W. Conley Container Terminal.From July 2018 through June 2019, Conley handled 307,331 twenty-foot equivalent units (TEUs) – an 8% increase in cargo volumes over FY2018 and a new all-time record for the fifth consecutive year. Total imports also rose by 12% over FY18 to 152,960 TEUs in advance of pending tariffs.“We are proud of Conley’s continued growth and success, which reflect the region’s strong economy and Conley’s high levels of productivity…

File image / AdobeStock / © dbvirago

Marseille Fos Accelerates Air Emissions Cuts

Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025. The zero…

Image: Port of Riga

Riga Port Aims Growth with LNG Move

The Baltic Sea port, Port of Riga is now offering regular port services for liquefied natural gas (LNG)-powered container vessels to reduce the environmental impact of its operations and boost its container throughput."By officially welcoming the new container ship Containerships Polar, the Port has started regular port services to LNG-powered container vessels," said a press note from the Latvia’s major port said.It is planned that the first two 100% LNG-powered vessels Containerships…

the Baton Rouge-NOLA container on barge service / CREDIT: Port of New Orleans

SHORTSEA SHIPPING: All the Right Moves (Finally)

Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.

Pic: CargoSmart

Shipping Majors Join CargoSmart Digital Initiative

The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company, CMA CGM, COSCO Shipping, COSCO Shipping Ports (CSP), Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group have signed up with it.As per the agreement…

Photo: CMA CGM

CMA CGM Starts Weekly Service from Port Pipavav

The dedicated scheduled import train from Port Pipavav to Garhi Harsaru [NCR region] is operated by Gateway Rail Freight Ltd. (GRFL) for CMA CGM. The import train arrived at Garhi Harsaru on June 12th, 2019 and was received by Mr. Ugo Vincent, Managing Director CMA CGM India, and senior management from CMA CGM, Gateway Rail Freight Ltd. (GRFL) and APM Terminals Pipavav. The Import train which connects Pipavav to Garhi, Ludhiana & Piyala has a capacity of 180TEUs in a single run.The scheduled train service will provide reliable, safe and quick transport of commodities to the NCR region.

Pic: TradeLens

Hapag-Lloyd, ONE Join TradeLens Platform

Maritime shipping companies Ocean Network Express (ONE) and Hapag-Lloyd have joined blockchain-enabled digital shipping platform TradeLens, which was jointly developed by their container shipping rival Maersk and tech giant IBM.Hapag-Lloyd and ONE, the world’s fifth and sixth largest carriers by capacity, respectively, will join CMA CGM and MSC Mediterranean Shipping Company, the world’s second and fourth largest carriers, who recently signed up for the TradeLens platform in May.Maersk says with the addition the carriers…

CMA CGM to Support Notilo Plus Rollout

The CMA CGM Group will support the financial and industrial development of Notilo Plus, a Marseilles-based start-up specialized in autonomous underwater solutions, in order to help them launch their industrialization.Notilo Plus develops autonomous underwater dronesFounded in 2016 and based in Marseilles and Lyon, Notilo Plus develops autonomous underwater systems featuring artificial intelligence and data enhancement capabilities. It develops “made in France” autonomous solutions targeting the fields of maritime transportation…

Photo: CMA CGM

Shipping Firms Drop UK Flag as Brexit Looms

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms part…

File Image: Maersk

Maersk, Major Shippers Hike Gulf-bound Box Rates

A.P.

Image credit: Containerships

Containerships in first SIMOPS boxship bunkering

Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.

Image:Hapag-Lloyd

Hapag-Lloyd Adds VRS

German container shipping company Hapag-Lloyd has decided to implement a global vessel risk surcharge (VRS) following recent maritime incidents in the Gulf of Oman.The container line said that operating costs for its services have increased in the Middle East Gulf region as a result of tanker attacks that took place in the Strait of Hormuz.Other major carriers including CMA CGM, X-Press Feeders, and NYK have already impose a war risk surcharge on cargo destined for the Arabian Gulf or Middle East region due to heightened tensions in the region.As of July 15…