CMA CGM Strengthens Asia-East Coast South America Links
French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America. The group will thus provide two departures per week between Asia and the East Coast of South America, one of the best offers on the market. They will offer optimum port coverage across Asia (Northern, Central and Southern Chinan and South Korea and South East Asia) and South America (Brazil, Argentina, Uruguay, Paraguay).
Diesel Tankers Turn to New York after Stocks Drop
Tankers carrying diesel from Asia and Europe, including a giant 200,000 tonne cargo, are sailing towards New York where fuel supplies have dropped to a three-year low in recent weeks.The very large crude carrier (VLCC) Maran Aphrodite changed its destination on Friday to New York from its previous port of Rotterdam, according to Reuters ship tracking data.The vessel, which traders said was chartered by Total, left Singapore earlier this month.Several tankers have also been booked to go from Europe and the Baltics to the port of New York, a relatively rare route.
GPA, VPA File East Coast Gateway Terminal Agreement
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies, safety, communications and customer service. “The U.S. East Coast continues to see larger vessels and cargo exchanges since the opening of the expanded Panama Canal last year,” VPA CEO and Executive Director John Reinhart and GPA Executive Director Griff Lynch said in a joint statement. “Increasingly…
Panama Canal Expansion Boosts US East Coast Port Volumes
As the Panama Canal’s newly operational expanded lane helps set monthly tonnage records, the project’s impacts are being felt along the U.S. East Coast. Effects of the canal’s expansion are reverberating well-beyond Panama’s shores, as ports around the world are in varying stages of work to deepen and widen their channels to accommodate the growing number of Neopanamax vessels that can now transit the canal. Now nearly one year on from the first vessel transit through the expanded waterway, many ports are benefitting, particularly those along the U.S. East Coast.
Commodities Trader Trammo Shedding East Coast LPG assets
Commodities trader Trammo Inc is continuing to shed its liquefied petroleum gas (LPG) assets, putting its Newington, New Hampshire, propane terminal on the block and selling a Tampa, Florida, facility, the company told Reuters on Friday. The shakeup comes as the large energy and fertilizer trader is winding down its LPG trading desk following steep losses last year, sources familiar with the matter have said. The New-York based firm in November said it would seek to maximize the value of its waterborne propane terminals across the United States…
Biggest Ship to Ever Visit US East Coast
Wide, deep channels and big-ship infrastructure will earn South Carolina Ports Authority the desired position as last port of call when the biggest ship ever to call the US East Coast, the COSCO Development, arrives in May. "SCPA has worked aggressively for years to ensure we can efficiently work 13,000 twenty-foot equivalent unit (TEU) vessels and be the last Southeast port of call with no navigational issues," said Jim Newsome, SCPA president and CEO. "Our naturally wide and deepwater harbor…
Largest Ship To-date Transits Expanded Panama Canal
The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016. Sailing from Asia, COSCO Development will soon become the largest ship to arrive on the U.S. East Coast when it calls at several ports there next week. The vessel is deployed on the new OCEAN Alliance’s weekly South Atlantic Express (SAX) service, connecting Asia-U.S. East Coast ports via the Panama Canal.
Savannah Port Welcomes Record Cargo Ship
Governor Nathan Deal, Port of Savannah officials and the maritime community were on hand to welcome the COSCO Development, the largest containership to ever call on the U.S. East Coast as it handled 5,500 containers, a record for Georgia’s ports. “This is another example of how the Port of Savannah is the gateway not just for the U.S. Southeast, but for America’s East Coast,” said Georgia Governor Nathan Deal. During the ship’s 30 hours at dock, up to six cranes moved 10,000 TEUs (Twenty-foot Equivalent container Units) on and off the vessel…
ZIM to Enhance its Asia to US East Coast and Gulf Services
ZIM Integrated Shipping Services Ltd (ZIM) has announcd an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf. The full scale services offered by zim in this trade: ZIM Seven Star Express (Z7S), inaugurated in May 2015, a premium service from South China, Vietnam and India Sub continent to US East Coast, will be upgraded with a direct Port Kelang call, offering 24 days transit time to New York.
CKYHE Alliance to Reorganize US East Coast Service
CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016. CKYHE Alliance will provide five Asia-US East Coast services (AWE1/AWE3/AWE4/AWE8/NUE) from early June of 2016. The Alliance members have re-designed the services to provide optimum port coverage from Asia to US East Coast with AWE1/AWE3/NUE services upsized & AWE4/AWE8 services re-structured in order to enhance the competitiveness of the Alliance.
Panama Canal Welcomes Largest Capacity Containership To-date
The Panama Canal today welcomed the largest capacity vessel to ever transit the Expanded Locks, the Neopanamax containership CMA CGM Theodore Roosevelt, which began its voyage from Asia, will be making stops along the U.S. East Coast. The ship has a total TEU allowance (TTA) of 14,855 and measures 365.9 meters in length and 48.2 meters in beam. “Today’s transit not only represents the growing success and adoption of the Expanded Canal, but also its impact on reshaping world trade,” said Panama Canal Administrator Jorge L. Quijano.
CMA CGM Builds up South American Presence
Following its move to acquire MERCOSUL from Maersk Line, the CMA CGM group has furthered its development strategy in South America by reshuffling its container shipping services between the East Coast of South America and Europe with North of Europe and the Mediterranean. SAFRAN will start in Rotterdam on September 27, 2017, calling at the ports of Rotterdam / London / Hamburg / Antwerp / Le Havre / Algeciras / Santos / Paranagua / Buenos Aires / Montevideo / Itapoa / Paranagua / Santos / Pecem / Tangier.
Largest Ship to Visit US East Coast Calls Savannah
The largest containership ever to serve the U.S. East Coast, the 14,414 TEU CMA CGM Theodore Roosevelt, called the Port of Savannah on Friday. Working the vessel with seven cranes at the 1,200-acre Garden City Terminal, the Port of Savannah is expected to move 4,500 containers (approximately 8,000 TEUs) on and off the ship. The GPA will work six other vessels simultaneous to the Roosevelt. “Not only do these massive ships play to Savannah's strengths, they actually make us more efficient,” said Georgia Ports Authority Executive Director Griff Lynch.
Panama Canal Sets Record Annual Cargo Tonnage
Following the close of its 2017 fiscal year (FY17), the Panama Canal announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY17, the largest amount of annual tonnage ever transited in its 103-year history. The 22.2 percent increase from the previous year can be directly attributed to the added capacity provided by the Expanded Canal. According to figures, the Panama Canal transited a total of 13,548 vessels during its FY17, representing a 3.3 percent increase compared to totals the year before.
Expanded Panama Canal:
A Bang or Whimper for Supply Chains. The expansion of the Panama Canal has been heralded as a game changer for the maritime shipping industry. However, the impact of the expanded Canal is still unclear. The port community and shipping lines are placing costly bets on the outcome. Yet, the possibility of labor unrest, the economic downturn and the depressed shipping market have added more uncertainty into supply chain decisions. The expansion of the Panama Canal is, therefore, one of many issues forcing supply chain managers to re-evaluate current strategies.
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades, as in tanker and drybulk arenas, ocean-going vessels are one link, albeit an important component, within broader supply chains.
CERCG Looking to Ship LNG from Australia's West to East
State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market. The Chinese integrated energy firm, which runs oil and gas projects, processing plants and gas distribution, said in a press release to Reuters that subsidiary CERCG Australia is studying the viability of transporting LNG by road, rail and ship. CERCG Australia's business manager Kevin Gao said the company would use LNG container tanks which can maintain liquefaction for 110 days.
Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.
Container Fleets & Demand Growing in Step -BIMCO
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth. The weak demand came from the Far East to Europe trade, and on the Intra-Asian transport.
MacAndrews Revamps Portuguese Service
European multimodal transport provider MacAndrews & Company said it has optimized its established Portuguese services by offering a restructured service schedule, which now includes a new call in Algeciras, a second Dunkirk call and a weekly Figueira Da Foz call. The revised service provides a wider range of opportunities for customers looking to ship from the Iberian Peninsula to Northern Europe and beyond. The decision to initiate a new port of call at the South of Spain via Algeciras on the Portuguese service was to widen MacAndrews geographic reach.
NYK Buys Stake in NY/NJ's Largest Terminal
NYK subsidiary NYK Ports, together with Macquarie Infrastructure Partners III (MIP III), has invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher. The port of New York and New Jersey handles the most containers of any port on the East Coast of North America, and Maher is the largest terminal in the port with a handling capacity of 3 million TEUs annually. After construction to raise the Bayonne Bridge’s clearance is completed in late 2017…
CMA CGM's NEW CIMEX 2E Links Asia to Chennai
CMA CGM has announced its participation in the new consortium "NEW CIMEX 2E" linking Asia to Chennai (India East Coast) through a Vessel Sharing Agreement starting as from Mid-December 2016. This new service is to replace former CIMEX 2E that used to be operated through a slot charter agreement (last departure on m/v SIMA GENESIS voy. 1638OW, ETA Pusan on January 14th, 2017 and ETA Shanghai on January 17th, 2017). Starting with m/v BALTIMORE BRIDGE voy. By integrating this upgraded service linking Asia base ports to Chennai (India East Coast)…
ZIM Upgrades Lines Structure
To improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing. The changes will commence in April 2017, offering customers an array of newly designed services catering to market needs, and providing efficient and viable solutions to customers’ evolving needs. ZIM is introducing a new service between Asia and the Pacific North West…
ZIM Announces Upgraded Lines Structure
In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing. The changes will commence in April 2017, offering customers an array of newly designed services catering to market needs, and providing efficient and viable solutions to customers’ evolving needs. ZIM is introducing a new service between Asia and the Pacific North West…
Big Slowdown for US Coal Exports -BIMCO
Since Q1 2013, the significance of U.S. coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the U.S. East Coast and U.S. Gulf Coast to East Asia, are not operating to the same extent and the EU is demanding less thermal coal, says shipping organization Baltic and International Maritime Council (BIMCO). When BIMCO first published its story concerning U.S. coal in 2013, U.S. coal exports had the most significant coal trade in the world, measured by metric-ton-miles.
SCPA Making All the Right Moves
What does it take to become – and Stay – a World Class Port in a Post-Panamax world? The South Carolina Ports Authority thinks it has the answers. In late October, the South Carolina Ports Authority (SCPA) reported year-over-year growth during the first quarter of its 2017 fiscal year. Those numbers; bolstered by loaded container volumes, particularly on the import side, supported SCPA’s growth. Strong volumes on the breakbulk side of the business and record throughput at SCPA’s Inland Port at Greer, SC, provided a solid start to FY2017. And, where some ports – in particular on the U.S.