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Wednesday, August 5, 2020

Container Carrier News

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ZIM Launches New Digital Booking Services

A new digital service launched by container carrier ZIM in May 2020 is designed to enable new and existing customers to receive instant spot quotes as well book their shipment with guaranteed space on board the designated vessel.Part of ZIM’s growing range of offered digital services, eZ Quote aims to make quoting and booking easier, especially as the COVID-19 pandemic continues to impact all ends of the supply chain. The service is available 24/7 with chat support.“eZ Quote aims to make quoting and booking as easy as booking a flight or any other service online…

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China's Reefer Situation Improving

Chinese port workers have made progress to move a logjam of refrigerated containers that has disrupted supplies of fresh and frozen food and pushed up freight rates outside China amid the coronavirus outbreakFrench container carrier CMA CGM told customers on Friday that the reefer plug utilization has improved in Chinese ports, and almost all reefers diverted to other ports are in the process to be loaded back to their final destination.CMA CGM said it would cancel the port congestion…

(Photo: Eric Haun)

Maersk Suspends Crew Changes

The widespread coronavirus outbreak has led the world's largest container carrier to suspend crew changes aboard its entire fleet of operated vessels until April 14, a Maersk spokesperson confirmed to MarineLink.The full statement from A.P. Moller - Maersk is below:With the continued spread of the COVID-19 pandemic and the extraordinarily fast-paced closing of borders and cancellations of airline services, today (March 17, 2020) we have decided to suspend all crew changes for Maersk-operated container vessels effective immediately and for four weeks until April 14, 2020.

(Photo: Hapag-Lloyd)

Hapag-Lloyd: Asia Business 'Overall Stable' Amid Virus Outbreak

German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was "overall stable," although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.China's efforts to control the virus had extended the normal factory shutdowns for the New Year festivities to anywhere between Feb. 8 and Feb. 14, depending on the region, a spokesman for the world's fifth largest container carrier told Reuters.However, Hapag-Lloyd's fleet was operating largely as normal…

MOL General Manager Tetsuya Yamada, center. Image: MOL

MOL Gets AiP for Containership Bow Wind-Shield

Japanese shipping company Mitsui O.S.K. Lines (MOL) announced that, DNVGL issued an Approval In Principle (AIP) to MOL and Samsung Heavy Industries (SHI) for Bow Wind-Shield designed for Ultra-Large Container Carrier on 30th October, 2019.This newly developed Bow Wind-Shield reduces the wind resistance on hull body of while ship is running, and it is expected CO2 reduction up to about 2–4% owing to optimal design for Ultra-Large Container Carrier. This is based on the technology…

Pic: Capital Product Partners L.P. (CPLP)

CPLP Fixes Agamemnon with MSC

Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was built in built 2007 in Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea, said a press note from the shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized…

Pic: MSC

MSC Reiterates No Shark Fin Policy

Swiss-based shipping line MSC Mediterranean Shipping Company is taking the opportunity to clarify and raise awareness of its zero-tolerance position on shark fin carriage, following a reported shark fin discovery earlier this year, involving a booking by another container carrier."MSC is proud to be implementing since several years a complete global ban on consignments of any type of shark fin and of endangered shark," said the global container shipping and a company in a press…

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.

Map: Hapag-Lloyd

Hapag-Lloyd Begins TNE Service

German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…

Image: Hyundai Pusan New-Port Terminal

HMM to Take Control of Busan Terminal

The number one Korean national containers carrier Hyundai Merchant Marine (HMM) and Singapore-based terminal operator PSA International have secured complete ownership of the Hyundai Pusan New-Port Terminal (Pier 4) in the Port of Busan, South Korea.The container carrier sold off its majority ownership in PSA Hyundai Pusan New-Port Terminal Co in 2016 due to liquidity trouble.According to a report in Pulse, HMM will acquire 50 percent plus one share in PSA Hyundai Pusan New-Port Terminal through a private equity fund…

Image: Hyundai Merchant Marine

Hyundai Merchant Marine to Say Good Bye to 2M Alliance?

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the 2M Alliance (consists of Maersk Line and MSC) is disadvantageous to HMM as it is not a full member of the alliance. HMM's status fell as the 2M Alliance inked a partnership deal with Israel's Zim Integrated Shipping Services, the report…

Pic: Hapag-Lloyd

Hapag-Lloyd Profit Doubles

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

Photo: Hyundai Merchant Marine

Hyundai Merchant Marine Mulls Fleet Capacity of 100 million TEUs by 2022

The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022, during an employees  gathering at HMM HQ in the Seoul office.HMM recently ordered twelve 23,000 TEU and eight 15,000 TEU eco-friendly mega vessels in preparation for the IMO’s sulfur regulations starting from 2022…

Pic: Kenya Ports Authority

Mombasa Port Receives Largest Container Vessel

Port of Mombasa of Kenya Ports Authority (KPA) pilots has received Mediterranean Shipping Company (MSC) container vessel MSC Maxine  master one of largest container vessel to dock at the facility.The port has registered a new performance record of 1450 moves within an eight-hour shift in the container operations, said a press release."The record was set by MSC Maxine in her maiden call at the Port of Mombasa on Wednesday beating the previous record of container carrier Livorno of 1265 moves registered late June this year…

Maersk Leonidio at Ennore (Photo: Maersk)

Maersk Begins Port Operations at Ennore, Tamil Nadu

Maersk begins its port operations at Ennore (Kamarajar port), Tamil Nadu offering connectivity between the Far-East Asian ports of Tanjung Pelepas (Malaysia), Busan (South Korea) and Xingang (China) and the Indian ports of Chennai, Krishnapatnam & Visakhapatnam. The company also celebrated the first maiden call for its existing ‘Chennai Express’ service at the new container terminal in Ennore Port which is about 15 miles north of Chennai.“The rising global trade from and to India is leading to congestion and moving to new ports that offer quicker turnaround and better services is crucial.

Pic: Abu Dhabi Ports

Abu Dhabi Ports, MSC Join with Silsal for Blockchain Solution

Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics.Silsal provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.As a major carrier, MSC will provide vital information and feedback on the international pilot project…

Challenger software main menu, taken on board the Hapag-Lloyd vessel Callao Express (Photo: Poseidon Navigation Services)

Poseidon Navigation Services Inks Deal with Hapag-Lloyd

Global container carrier Hapag-Lloyd has appointed Poseidon Navigation Services Ltd as the supplier of all Chart Management Services for the fleet managed by Hapag-Lloyd Hamburg.The appointment, announced after an in-depth evaluation process, starts immediately and will include Poseidon Navigation Services’ ‘Challenger’ software platform which will provide weekly updates for all Admiralty products, both paper and digital.Thomas Gunn, Managing Director at Poseidon Navigation Services…

The CMA CGM operated Pusan C, a 9,500 TEU vessel, is the largest containership to ever call at Port NOLA’s Napoleon Avenue Container Terminal. (Photo: Port of New Orleans)

Port of New Orleans Handles Largest Containership to Date

The Port of New Orleans (Port NOLA) welcomed its largest containership ever when the CMA CGM operated Pusan C, a 9,500 twenty-foot-equivalent unit (TEU) vessel, called on October 8 at the Napoleon Avenue Container Terminal operated by Ports America.“The deployment of larger vessels highlights our strong growth in container volumes and the success of the PEX 3 service connecting America’s heartland to global markets like Asia,” said Brandy D. Christian, Port of New Orleans President and CEO.

(Photo: Eric Haun)

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. The new surcharge considers the average fuel…

Representational Photo: PIB

Inland Waterways Authority of India Releases Ship Designs for River Ganga

Inland Waterways Authority of India (IWAI) made public 13 standardised state-of-the-art ship designs suitable for large barge haulage on river Ganga (National Waterway-1).This marks attaining of a critical milestone in the growth of the country’s Inland Water Transport (IWT) sector as it will help overcome the unique navigation challenges river Ganga throws due to its complex river morphology, hydraulics, acute bends, shifting channels, meanders and current.It will serve as an…

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Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War

Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently, the companies which facilitate international movement of goods.Though the situation is still developing and the final impact is uncertain, Gregory Draco, the Chief U.S. Economist at Oxford, predicted in July that the tariffs would create an 0.1 percent to 0.2 percent drag on U.S. GDP.

(Photo: Maersk)

Maersk, IBM Say 94 Organizations have Joined Blockchain Platform

Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an

File Photo: Hanjin

Government Okays USD 1.2 bln for Korea Ocean Business Corporation

The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order to help its shipping industry stand on its feet, especially after the bankruptcy of Hanjin Shipping.Yonhap reported quoting the finance ministry that Cabinet approved a plan to contribute 12.7-percent stakes in each of the country's four port authorities to the KOBC.Earlier this month, the corporation was officially launched in Busan…

ONE accepted delivery of One Minato on July 24 in Hiroshima, Japan (Photo: ONE)

ONE Accepts Delivery of 14,000 TEU Box Ship

Singapore headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) has taken delivery of a new 14,000 TEU-class containership from Japanese shipbuilder Imabari Shipbuilding Co., Ltd, on July 24, 2018.The new ultra-large containership, One Minato, was built at Imabari’s Hiroshima yard and joins the ONE fleet under sublet from Kawasaki Kisen Kaisha, Ltd.

(Photo: APL)

President Kennedy Makes Maiden Call at Yokohama

Container carrier APL, together with the Yokohama Port and Harbor Bureau and Yokohama-Kawasaki International Port Corporation, celebrated the maiden arrival of containership President Kennedy at the Port of Yokohama, on July 21.Deployed for APL’s Eagle Express 1 (EX1) service, President Kennedy is the first of six vessels that were newly-named after former U.S. Presidents to call the Japanese port. Following this, the Yokohama port will be expecting President FD Roosevelt; President Wilson…

(Photo: Port of Zeebrugge)

CMA CGM Buys Stake in CSP Zeebrugge Terminal

French container carrier CMA CGM announced Friday it has acquired from CHINA SHIPPING Ports Development Co. Limited, a wholly-owned subsidiary of COSCO Group, a 10 percent equity interest in CSP Zeebrugge Terminal NV, through its wholly-owned subsidiary CMA Terminals.CMA CGM is currently the major client of the Belgian container terminal and accounted for one third of CSP Zeebrugge's total throughput in 2017.COSCO SHIPPING Ports completed the acquisition of the remaining 76 percent…