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Thursday, April 25, 2019

East Mediterranean News

File Image: CREDIT Zim

ZIM, 2M Alliance Expand In Asia

ZIM and the members of the 2M Alliance, Maersk and MSC, has announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade.The new strategic operational agreement, which will be a combination of Vessel Sharing, Slot exchange and purchase, covers two additional trades: Asia - East Mediterranean and Asia - American Pacific Northwest. In each trade, two strings will be operated in cooperation, as follows:Asia - East…

File Photo: ZIM Integrated Shipping Services Ltd

ZIM-MSC Connecting India and East Mediterranean Ports

ZIM Integrated Shipping Services (ZIM) and MSC Mediterranean Shipping Company have announced a new cooperation on the India sub-continent – Mediterranean trade. The new cooperation is due to commence on the second half of October, connecting India and major East Mediterranean ports. A press statement from the company said: "We are pleased to announce a new cooperation, offering a fast and reliable connection between the sub-continent and the Mediterranean."Rani Ben-Yehuda, ZIM’s EVP Cross Suez and Atlantic BU…

File Photo: ZIM Integrated Shipping Services Ltd

ZIM Upgrades India-Med Express Line (IMX)

ZIM Integrated Shipping Services (ZIM) has announced that starting September, ZIM India-Med Express Line (IMX) will have a new rotation, with significantly faster transit time, making the fastest on the trade.A press release from the company claimed that ZIM Customers will benefit from fast transit time and improved port rotationIt said: "In order to improve our service to customers and cater for market needs, ZIM will introduce changes to IMX service, as follows: the line will operate 5 vessels, and the round-trip will be shortened to 35 days.

© Wojciech Wrzesien / Adobe Stock

Trump Bets on New European LNG Terminals

U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…

File Photo: Yang Ming Marine Transport Corp.

Yang Ming Establishes Regional Center for Mediterranean

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine Services Single-Member Limited Liability Company. The new company will start to provide services on 2nd April 2018 in Piraeus, Greece, and Mr. Ted Wu has officially been appointed as Managing Director for the first term. In light of the impressive economic growth in the Mediterranean region, Yang Ming sets up its owned company to serve as the regional center which will strengthen its presence and connect closer to Mediterranean…

Photo: Hamad Port

Two New Shipping Lines to Hamad

Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries. Qatar News Agency (QNA)  said that both lines will run on a weekly basis. The first line starts in the Mediterranean and will be serviced by with four ships, with a total capacity of 6,000 containers including 400 reefer containers. The China Gulf Express Service will connect Shanghai in China with Hamad Port…

Photo: Gulftainer Company Limited

Gulftainer Receives Maiden Call of CMA CGM Virginia

Gulftainer, the largest privately owned independent port operator, has marked the maiden call of the CMA CGM Virginia vessel with a capacity of 5,095 twenty-foot equivalent units (TEU) at its flagship Khorfakkan Container Terminal (KCT). The vessel call was completed in a record 5.6 hours, approximately 8.4 hours ahead of schedule. CMA CGM, a leading worldwide shipping group, currently operates a diversified fleet of 445 vessels with a combined capacity of over two million TEU.

Photo: APM Terminals Mumbai

APM Terminals Mumbai Adds New Arabian Gulf/Mediterranean Direct Service

French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai. The service, linking South Asia with ports in the Arabian Gulf and Mediterranean, was officially introduced on July 2nd, operating with vessels provided by CMA-CGM, its APL subsidiary, and Chinese-based Alliance partner COSCO. The weekly INDIAMED service provides the fastest transit times between India and CMA CGM hub ports in the Mediterranean and Arabian Gulf…

Map: CMA CGM

CMA CGM Launches INDIAMED

CMA CGM has announced the launch starting July 2 of its new service between the East Mediterrane an, Djibouti, Arabian Gulf, Pakistan and India. The service is one of the fastest between these strategic zones and connects CMA CGM hubs in the Mediterranean and the Arabian Gulf. INDIAMED will complement our MEGEM (East Mediterranean to/from Middle East) and MEDEX (West Mediterranean to/from Middle East & Indian Sub-Continent) offering synergies between services to allow an improved port coverage of these areas and better connections.

Pic: ZIM Integrated Shipping Services Ltd

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…

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 Restructures Its East Mediterranean Services

ZIM has announced the restructuring and upgrading of its services in the East Mediterranean. The new structure offers extended coverage of East Mediterranean ports with excellent transit time. ZIM is adding the ports of Aliaga (Turkey ), Damietta (Egypt), Iskenderun (Turkey) and Ashdod (Israel) to its schedule. The newly introduced Thessaloniki to Damietta link will cater for the growing reefer trade on this route, offering a fast transit time and fixed window in Damietta.

RINA Services SPA

RINA Services Classifies the First Ships in Iran

RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran. This dual classification is the result of a partnership signed with the Tehran-based ACS shortly after sanctions in Iran were lifted. RINA Services’ marine classification in this area reflects Italy’s strong commitment to forging long-standing relationships with countries in the Middle East and now in Iran in particular. “All classification societies are trying to enter the Iranian market.

RINA Services Classifies First Ships in Iran

RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran. This dual classification is the result of a partnership signed with the Tehran-based ACS shortly after sanctions in Iran were lifted. RINA Services’ marine classification in this area reflects Italy’s strong commitment to forging long-standing relationships with countries in the Middle East and now in Iran in particular. “All classification societies are trying to enter the Iranian market.

Graphics: Allianz Global Corporate & Specialty

2015 - The Safest Year in Shipping for a Decade

The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), though 85 total losses reported worldwide last year, down from 88 in 2014 and well below the 10-year average of 123. Although the number of losses remained stable year-on-year, declining by just 3% compared with the previous year (88), 2015 was the safest year in shipping for a decade. Losses have declined by 45% since 2006, driven by an increasingly robust safety environment and self-regulation. However, disparities by region and vessel-type remain.

Map: CMA CGM

CMA CGM Launches New WEMED Service

CMA CGM strengthens its historical presence on the Mediterranean market by connecting France, Spain, Turkey, Lebanon, Egypt, Malta and Algeria direct. CMA CGM offers a direct connection between East Med and West Med. CMA CGM has announced the launch of the first Group’s service dedicated to intra Mediterranean trades. The WEMED service (West Med – East Med) was launched on March 11th 2016 and offers the Group’s clients direct transport solutions to Eastern Mediterranean countries (France, Spain, Algeria) and Western Mediterranean countries (Turkey, Lebanon, Egypt).

Leif Kristian Weum (left) is taking over the helm from Managing Director, Terje Dyhre (right). Photo by Kongsberg Maritime AS

Kongsberg Appoints New Managing Director

Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime Hellas SA is a key Sales & Customer Support office established to serve the significant number of Greek shipping companies, located in the Athens area. Having served on the Kongsberg Maritime Hellas SA Board of Directors since the office was opened in 2011 and in various customer support and sales management roles within KONGSBERG for almost two decades…

Mr. Leif Kristian Weum (left) and Mr. Terje Dyhre. (Photo: Kongsberg Maritime)

Kongsberg Appoints New Managing Director

Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime Hellas SA is a key Sales & Customer Support office established to serve the significant number of Greek shipping companies, located in the Athens area. Having served on the Kongsberg Maritime Hellas SA Board of Directors since the office was opened in 2011 and in various customer support and sales management roles within Kongsberg for almost two decades…

MT Sofia Photo Newlead

NewLead Holdings Announces Commercial Competency of MT Sofia

NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet. The Sofia is a 2008-built bitumen tanker vessel of 2,888 dwt and is one of the five bitumen tanker vessels that were delivered to NewLead's fleet during the fourth quarter of 2014. Since the end of November 2014, when NewLead took delivery of the Sofia, the vessel has been trading in the spot market under consecutive voyages.

 Suezmax: By Palmali Group of Companies

Suezmax Tankers Bullish

Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa. Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama. During the first quarter 2015, there was a 45% rise in suezmax fixtures from the Middle East Gulf (MEG) to West Coast India, compared to the same period last year, according to new research from New York-based marine transportation consultancy McQuilling Services.

Containers in port

“Intra-Mediterranean Container Trades” Update

Dynamar has published “INTRA-MEDITERRANEAN CONTAINER TRADES”, the latest report in its Container Trades and Markets series. Salient details and interesting findings of the new report are discussed here below. Intra-Mediterranean (2014) Container Trades is all about the 170 services operated by 40 different shipping companies deploying 275 container, Ro/Ro and multipurpose ships with container capacities of 400 to 3,000 TEU that populate the intra and coastal all Mediterranean waters.

Photo courtesy of Suez Canal Authority

Suez Canal: Better Service to the Shipping Industry

According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits, in strong competition with the expanding Panama Canal, rather than respond to the demand from oil tanker transits. On Tuesday, August 5, 2014, the Egyptian President Abdel Fattah el-Sisi unveiled the project, which is bound to be a multiyear, multibillion dollar one.

Russian Gas Discounts Undermine Italy's Quest For New Routes

U.S. As Europe looks to wriggle free of Russia's energy grip, state-backed exporter Gazprom is working to convince Italy to stay the course with offers of cheap gas, potentially locking out rival supply from North Africa, the Caspian Sea and shipped LNG. The race to ring-fence European gas markets from rising competition has led Gazprom to drop its dogged defence of oil-linked gas deals and prompted a spree of price cuts, the latest of which went to Italy's Eni. "Gazprom, dead set on getting its South Stream gas pipeline project (to Europe) off the ground…

Total ship losses by region: Image courtesy of Allianz

Safer Seas: Ship Losses Continued to Fall in 2013

The recently published annual review of trends and developments in shipping losses and safety – 'Allianz Global Corporate & Specialty Safety and Shipping Review' – indicates that world-wide ship losses declined by 20% compared with 2012. With more than 90% of global trade estimated to be carried by sea, the safety of international shipping vessels and routes is critical to the health of the global economy. During 2013 there were 94 losses reported worldwide, ensuring the annual total dropped under 100 for only the second time in 12 years, continuing the recent downward trend.

World Shipping Accident 'Hotspots' Revealed

A report released by WWF points to ship accident-prone areas: the South China Sea & East Indies, east Mediterranean & Black Sea, and the busy shipping lanes around the British Isles, North Sea and Bay of Biscay. The busy shipping lanes around the British Isles, North Sea and Bay of Biscay had the fourth largest number of shipping accidents in the world, with 135 reported incidents between 1999 and 2011 including fires, collisions and leakage of toxic waste. The North Sea is one of the most intensively sailed seas in the world with over 120…

Costa Concordia Tops 2012 Increase in Ship Losses

But long-term downward trend continues. •    Industry initiatives address passenger vessels as well as the ‘human factor’ on board. Twelve months on from the Costa Concordia incident, a new Allianz report identifies that 106 ship losses were reported worldwide in the 12 months to November 25 2012 - up from 91 ships the previous year but a 27 percent decrease on the ten year average of 146 ships per annum. Despite this long term downward trend, driven by technology, training and regulation and a proactive response from the shipping industry to safety improvement…