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Wednesday, December 11, 2019

Container Shipping News

Image: MSC

MSC Uses 30% Biofuel Bunker Blend

Swiss-Italian international shipping line MSC Mediterranean Shipping Company (MSC) announced that its vessels bunkering in Rotterdam, the Netherlands, will now bunker biofuel blends on a routine basis - the first  major shipping line to do so.Following successful trials with biofuel blends earlier this year, MSC has decided to continue bunkering responsibly sourced biofuel blends on a routine basis.The trials were completed with a minimal 10% blend fuel and following further trials…

© saiko3p / Adobe Stock

CMA CGM and Total to Develop LNG Ship Refueling in Marseille

Container shipping firm CMA CGM will use the French Mediterranean port of Marseille for refueling some of its planned gas-powered vessels, backed by a supply partnership with energy group Total.Total will supply liquefied natural gas (LNG) and a refueling barge to enable CMA CGM to refuel LNG-powered vessels at the Marseille-Fos hub starting in 2021, the companies said in a joint statement on Wednesday.The initiative covers five vessels with a capacity of 15,000 twenty-foot equivalent…

Photo: Maersk

Maersk, Syngenta in New 4PL Contract

Extending their partnership with a contract for fourth-party logistics (4PL), Maersk and  Syngenta highlight their joint commitment to responsible logistics based on continuous supply chain optimization and innovation.As a  player in the agrochemical industry, Syngenta continuously looks for ways to optimise its supply chains to deliver on its ambition of producing food efficiently and responsibly and thus increasing productivity without harming the planet. A long-term cooperation with Maersk…

Pic: CMA CGM

CMA CGM to Raise $2bn Via Selling Terminal, Ships

French container shipping giant  CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics, according to Reuters.Chinese state-owned conglomerate China Merchants Port has entered into a Memorandum of Agreement (MOA) with CMA CGM to acquire interests in a portfolio of 10 terminals from the French container line and its affiliates via Terminal Link for a total consideration of $955 million.As part of the deal…

a 20,000 TEU capacity CMA CGM boxship, one of gthe world's largest. CREDIT: CMA CGM

CMA CGM to Raise $2 bln to Fund CEVA Deal

Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co.France-based CMA CGM, the world's fourth-largest container shipping company, bought CEVA this year to expand in land logistics, valuing the firm at about $1.7 billion.CMA CGM said it was pushing back some of Switzerland-based CEVA's financial targets by two or three years, partly because of a slowdown in some industries, such as car manufacturing.Under an agreement with China Merc

GE Hires Maersk's CFO as Finance Chief

General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S.

Pic: ZIM Integrated Shipping Services

ZIM Back into Black

Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting  challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.

Soren Toft (Photo: A.P. Moller Maersk)

MSC Appoints Toft as CEO of Cargo Business

Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined, the spokesman said.Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position.

© Gudellaphoto / Adobe Stock

Maersk: Container Outlook Uncertain

A.P.

Image: Seaspan Corporation

Seaspan Buys Fleet of 6 Containerships

Hong Kong-headquartered Seaspan Corporation, a major player in independent containership management and ownership, has agreed to acquire a fleet of six containerships for $380 million in cash.The independent containership lessor said that the purchase of the acquired vessels is expected to be financed from additional borrowings as well as cash on hand.The closing of the acquisition is expected to occur in December 2019, and is subject to customary closing conditions. Upon closing…

Image: Hapag-Lloyd

Hapag-Lloyd Expands Atlantic Loop 3

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe."Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4,248 TEU vessel “Rio Grande Express” sailing between the United States and Europe," the cargo container shipping line said in a statement."Upgrading to a 6 vessel rotation will improve the reliability of the AL3 service for our customers and support our strategy of being number one for quality…

Source: BIMCO

Growth of US Inbound Containers Has Slowed

The accumulated growth rate for US inbound containers has almost been cut in off half from 5.1% in 2018 to 2.6% in August of 2019.Towards the end of 2018, US retailers frontloaded consumer goods ahead of the planned tariff hike in January 2019. While another US tariff hike of 10% on Chinese goods worth USD 160 billion is planned for December 15, BIMCO does not expect the same frontloading to occur this time around, due to heightened uncertainty about the rumored trade deal.According to communication by the US government…

Photo: Carrier Transicold

Carrier Transicold Introduces Next-Gen EverFRESH

Building on the pioneering legacy of the refrigerated container shipping industry’s first controlled-atmosphere system 25 years ago, Carrier Transicold has developed the next-generation EverFRESH system. Carrier Transicold is a part of Carrier, a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.The new EverFRESH system was unveiled for attendees at Intermodal Europe 2019,…

Pic: Hamburg Süd

Hamburg Süd Announces EFF

German container shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft A/S & Co KG (Hamburg Süd) will introduce an Environmental Fuel Fee (EFF) effective 1 December 2019.According to a press release from the German carrier, EFF is to cover the increase in fuel-related costs associated to the implementation of the IMO 2020 regulation. The EFF tariffs have been calculated using the price difference between high sulfur fuel and low sulfur fuel. The difference calculated is 193…

Image: Hapag-Lloyd

Hapag-Lloyd Intros IMO2020 Transition Charge

German international shipping and container transportation company Hapag-Lloyd has introduced IMO2020 Transition Charge (ITC) for short-term contracts.The introduction of the IMO2020 sulfur cap as of 1 January 2020 marks a milestone for the shipping industry to reduce marine pollution and become more sustainable, said a press note from the cargo container shipping line.Hapag-Lloyd has taken various actions to be fully compliant with the new regulations. Adjusting to IMO2020 comes…

Graph by VesselsValue

Boom in Container Shipping: VesselsValue

The Containership market has been showing some significant gains across both earnings and values, particularly in the Post Panamax and New Panamax segments, says VesselsValue.The US China trade war has had a negative impact on vessel demand. In terms of values, it’s been very much a split market, with larger container vessels significantly outperforming the smaller types.The best demand and supply fundamentals in the Containership market are found at Post Panamax and above sizes.The Panamax sector is somewhat of a mixed bag.

Dr Sian Prior. Photo: Clean Arctic Alliance

CAA Welcomes MSC 's Shelving Arctic Routes

Clean Arctic Alliance has welcome MSC Mediterranean Shipping Company's decision to avoid Arctic shipping route as a new short cut between northern Europe and Asia.Clean Arctic Alliance lead advisor Dr Sian Prior was responding to the announcement that shipping company MSC “will not explore or use the Northern Sea Route between Europe and Asia for container shipping” and that it believes that shipping lines should focus on reducing the environmental impact of existing shipping…

Pic: MSC Mediterranean Shipping Company

MSC Rejects Northern Sea Route

Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes.In declaring the northern sea route out of bounds, MSC follows CMA CGM and Hapag-Lloyd that have similarly eschewed the commercial benefits of an Asia-North Europe option that is 30 percent shorter than the southern…

Caption: Accumulated container volumes on the Far East – Europe trade lane are up 4.6% y-o-y. The CCFI has fallen to an index level of 987, down -9% from the same period last year. 2 (Chart: BIMCO)

BIMCO’s Sand to Offer Boxship Insight in Athens

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate its way through the uncertain environment of the IMO 2020 Sulphur Cap.Container shipping outlookBIMCO has persistently stressed that trade wars and protectionism are negative for shipping.

Pic: Hapag-Lloyd

Hapag-Lloyd Launches Quick Cargo Insurance

German-based global cargo container shipping line, Hapag-Lloyd AG is expanding its digital product portfolio. As one of the first container shipping companies, Hapag-Lloyd is now offering its customers an online marine insurance."Quick Cargo Insurance" provides customers with tailor-made insurance offers around the clock. The insurance cover takes effect immediately upon conclusion of the contract."Not every cargo transported by sea is insured, yet. For instance, small and medium-sized customers often do not take out insurance for cost reasons.

Pic: Ports & Maritime Organization

Afghan's First Reefer to India Via Chabahar

Afghanistan's first refrigerated cargo was exported to India through Shahid Beheshti Port of Chabahar.Sistan and Baluchistan Ports and Maritime Director General Behrouz Aghaei stated that Afghanistan's first refrigerated cargo containing refrigerated grapes was exported to Indian port of Jawaharlal Nehru Port through Shahid Beheshti Port of Chabahar.He added: "Chabahar Port’s main Refrigerated Container Site with the capacity of 150 Containers for unloading and Loading Refrigerated Goods is under construction.

Graph: Photo, CTS

BIMCO: Fleet Growth, Ship Size Up

Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…

© Yaniv / Adobe Stock

Shipping Sector Sets Course for Zero Carbon

Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Achieving this target will…

Pic: Hapag-Lloyd

Hapag-Lloyd Opens New South Europe HQ

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

Image: Hapag-Lloyd

Hapag-Lloyd Expands Indian Services

German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services."In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services, the South East India - Europe Express (IEX) and the Middle East-India-Africa Express (MIAX), will enter into operation in October," the shipper said.Both the IEX and the MIAX will further strengthen and optimize Hapag-Lloyd’s market-leading…

Pic: APM Terminals

APM to Double Intermodal Volumes at Gothenburg

APM Terminals Gothenburg plans to double the volume of containers transported by rail to and from Gothenburg by 2022.APM Terminals Gothenburg is connected to more than 300 inland destinations in Sweden via rail. With more than 60 rail shuttles per week, Gothenburg has an unprecedented rail coverage in Sweden.Insjön in Dalarna, some 460 kilometers from Gothenburg, showcases how rail can offer the best transport solution. Six weekly shuttles by Vänerexpressen, connect the center…