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Saturday, October 24, 2020

Container Shipping News

Sam Ruda, Director, Port NY/NJ. Image courtesy Port NY/NJ

Interview: Sam Ruda, Director, Port of NY/NJ

Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself, providing for nearly a half a million jobs, a cumulative $35 billion in personal income and a cumulative $98 billion in business income. Sam Ruda, Director, Port NY/NJ, discusses a record 2019, continued investment in infrastructure…

Photo: Survitec

Tech to Fight Container Fires

Fire safety has become a major concern in the container shipping industry, in particular, with vessels of 20,000-TEU and more entering the market. A fire in just one container can have catastrophic implications for the whole of the cargo. The very nature of container shipping means that the cargoes are in general finished goods of high value. Insurer Allianz gives the example of a March 2018 fire onboard the Maersk Honam southeast of Oman. At the time the ship was carrying 7,860 containers, corresponding to 12,416 TEU.

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FMC Grants Temporary Relief Requested by CMA CGM

The U.S. Federal Maritime Commission voted to grant the temporary relief sought by CMA CGM from certain service contract and tariff filing requirements following last month's cyber attack affecting the carrier's servers.Earlier this month, the French shipping company sought relief from Commission regulations as part of its efforts to respond to a malicious cyberattack it experienced in September.The Commission said Wednesday it granted the request for exemption from relevant service contract filing requirements and relevant tariff publishing requirements.

(Photo: CMA CGM)

CMA CGM Resumes Online Services After Cyber Attack

CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.“The CMA CGM Group’s e-commerce sites are once again live with all their main functionalities up and running,” the company said in a statement on Sunday. “Applications and essential functionalities are now operational and secured.”In a separate incident, U.N.

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Maersk to Lay Off 2,000 in Business Shake-up

The world's biggest container shipping line, Maersk, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.Maersk, which handles about one in five containers shipped worldwide, said that though cargo volumes were still down on last year they had picked up more than forecast after falling sharply at the height of the coronavirus pandemic a few months ago."A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses…

(Photo: Port of New York & New Jersey)

FMC Considering CMA CGM Petition Following Cyber Attack

The U.S. Federal Maritime Commission (FMC) said it is considering a petition filed by French container shipping group CMA CGM requesting temporary exemption from certain filing requirements following last month's cyber attack affecting the carrier's servers.In its petition, CMA CGM and affiliated companies seek an exemption from certain tariff publications and service contract filings that were impacted by the recent cyber attack, FMC said, adding it will accept public comments on the request through October 15.CMA CGM…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Sees Shipping Demand Recovering

German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus."We see a recovery, which started probably some time in the course of third quarter, and we would expect that to continue going into 2021," chief executive Rolf Habben Jansen said in an embargoed briefing session with journalists held on Thursday."But there will be a clear long-term effect on the global economy from COVID-19…

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CMA CGM Suspects Data Breach from Cyber Attack

CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services."We suspect a data breach and are doing everything possible to assess its potential volume and nature," it said in a statement.CMA CGM, the world's fourth-largest container shipping company, first reported the incident on Monday, saying it had shut down access to its online services after malware targeted its peripheral servers.The group's e-business website remained unavailable, with customers directed to alternative channels, but ba

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CMA CGM Says Operations Functioning Normally After Cyber Attack

French container shipping company CMA CGM Group said Tuesday that its maritime and port operations were functioning normally after a cyber attack hit its servers on Monday."All communications to and from the CMA CGM Group are secure, including emails, transmitted files and electronic data interfaces (EDI)," it said in a statement, adding that its booking functionalities are up and running.CMA CGM is offering alternative access for customers after making its e-business website unavailable on Monday in order to prevent the spread of malware…

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CMA CGM Hit by Cyber Attack

Container shipping group CMA CGM said on Monday it is dealing with a cyber attack impacting its peripheral servers.The attack did not concern the systems of its subsidiary CEVA Logistics, it added in a statement.CMA CGM said external access to its IT applications was made unavailable to prevent the malware from spreading while its IT teams work to resolve the incident.The French-based firm later said in an update that access to the group's information systems is gradually resuming…

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CMA CGM to Invest in Dubreuil Aero in Logistics Push

Shipping group CMA CGM has agreed to buy a 30% stake in French airline company Groupe Dubreuil Aero as it continues to extend its presence in non-maritime transport.CMA CGM, the world's fourth-largest container shipping firm, said in a statement on Wednesday that it would acquire the stake through a capital increase and acquisition of ordinary shares and would obtain two seats on the board of Dubreuil Aero.CMA CGM's investment would total 70 million euros and it hoped the deal would be finalised before the end of the year…

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

Image: BIMCO

Container Shipping Rates Continue to Deliver 'Positive Surprises', BIMCO says

Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider, according to a recent market note from BIMCO, noting that conditions are right for carriers to achieve higher long term contract rates.On 17 September, for containers shipped from the Far East into the US west coast…

CMA CGM Tenere (Photo: Eastern Pacific Shipping)

World's First LNG-powered Very Large Containership Delivered

Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14,800 twenty-foot equivalent unit (TEU) capacity CMA CGM Tenere is one of six containerships in a series being built for EPS by Hyundai Samho, a unit of shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. The six neo-Panamax box…

The APL England lost at least 50 containers in heavy seas off the coast of Australia in May 2020. (Photo: Australian Maritime Safety Authority)

Container Losses in the Rolling Seas

Cargoes have come off ships at sea it seems like forever. Some years ago a ship suffered a casualty transiting the English Channel in a storm. Much of its cargo of lumber and other floating items washed ashore on the southwest English coast. Before the authorities could arrive, enterprising local residents gathered it up.Nowadays, the majority of non-bulk cargo is carried in containers. Container ships have gotten larger and are capable of carrying thousands and thousands of containers. The ships have greater length, greater breadth, and greater draft. They also have greater air draft.

Copyright: donvictori0/AdobeStock

Insurers Discuss Container Casualty Causes

Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals, container freight specialist TT Club and protection & indemnity insurer, UK P&I Club, revealed the diverse range of factors important to safe container ship operations and the security of the container stacks they carry.

(Photo: Hapag-Lloyd)

Hapag-Lloyd Nearly Doubles H1 Profit

German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations."We have not put the pandemic behind us. Compared to a normal situation, customers' booking behaviour is volatile," Chief Executive Rolf Habben Jansen told Reuters.Transport volumes at Hapag-Lloyd, the world's number five in the industry, were down 3.5% year-on-year…

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CMA CGM Sees Strong Shipping Rebound After Coronavirus Storm

Container shipping group CMA CGM on Friday reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic.French-based CMA CGM recorded a net profit of $136 million for the second quarter compared with a year-earlier $109 million loss.Core earnings before interest, tax, depreciation and amortisation rose 26% to $1.2 billion as favourable freight rates and reduced costs, linked to lower oil prices and an efficiency programme, offset a drop in sales caused by the

(File photo: A.P. Moller - Maersk)

Desperate Times for Sailors Stranded by Pandemic

Jens Boysen disembarked one of the world’s largest container ships on Thursday after 167 days at sea when he has acted not only as captain but also as doctor, dentist, mental coach and entertainment director for his stressed-out crew.Almost 200,000 seafarers like Boysen are stuck onboard merchant ships, some for more than a year, because coronavirus travel restrictions make it almost impossible to rotate crews, according to the U.N.’s International Maritime Organization (IMO).The crews…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Ups Profits, But Warns of Risks

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings.However, the company said in an ad hoc announcement that the forecast was subject to “high uncertainty” due to risks related to the coronavirus crisis and its impact on the macroeconomy and global shipping.Hapag Lloyd achieved a 20.3% year-on-year rise in earnings before interest…

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CMA CGM Says Missing Beirut Staff Member Died

Container shipping group CMA CGM said on Thursday that one of its staff who was missing after an explosion that ripped through Beirut port on Tuesday has died.The French-based company in a statement said that two of its staff in Beirut were seriously injured and many slightly hurt.It also confirmed that it was setting up a logistics hub in the Lebanese port of Tripoli, like other shipping firms, and was also offering logistical assistance to the authorities.(Reporting by Gus Trompiz; Editing by Jon Boyle)

Atit Mahajan (Image: CMA CGM)

Mahajan Named Managing Director of CMA CGM India

French container shipping company CMA CGM Group said it has appointed Atit Mahajan as managing director for CMA CGM India, effective August 1.A qualified chartered accountant with 18 years' experience in strategy, finance and cost management roles, Mahajan was most recently Chief Financial Officer, CEVA Logistics India Pvt. Ltd and was previously Chief Operating Officer, LCL Logistix, both subsidiaries of the CMA CGM Group. In the past, Mahajan has also been part of the CMA CGM…

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Container Shipping & Perfecting on-time Performance

Recent reports show that on-time performance in the containership sector continues to deteriorate, causing tension between the carriers and retailers. In general, non-ocean carriers – trucks and trains – are achieving reliability rates well above 90% whereas containerships rarely beat a 70% on-time threshold. For retailers, the threat of having empty shelves is beginning to swing the balance from cheaper ocean transport to a need for reliable just-in-time deliveries supplied by…

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CMA CGM Halts Timber Exports from Gambia Over Rosewood Risk

Shipping group CMA CGM said on Wednesday it was suspending timber exports from Gambia due to suspected trafficking of rosewood in the West African country.Demand for furniture in China has led to widespread felling of rosewood in West Africa in recent years, despite the variety being protected under the United Nations' Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)."Following several suspicions that undeclared rosewood may have been part of cargo shipments from Gambia, the group has decided to halt its timber exports from the country until further notic

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Lithium Ion Battery Fires: A Threat to Container Shipping

From 2015 to present an estimated 250 incidents related to electric hoverboard fires have been recorded according to the United States Consumer Product Safety Commission. The same commission reports that 83,000 Toshiba laptop batteries were recalled in 2017 due to fire and safety concerns.In January 2017 a NYC garbage truck was the source of a neighborhood surprise when a Lithium ion battery exploded in the compactor of the truck. Luckily no one was injured.According to a study conducted by the National Fire Data Center branch of the U.S.

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Denmark to Allow Crew Changes

Denmark will allow merchant sailors stranded on the high seas since the outbreak of the coronavirus to come ashore and be reunited with their friends and families, the Business Ministry said on Monday.Since the outbreak of the coronavirus, 200,000 seafarers have been stranded on merchant ships, some for more than a year, because travel restrictions have made it almost impossible to rotate crews."While many Danes have used the corona crisis to spend more time with the family, many Danish sailors have had to do without family and friends for much longer than usual…