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Thursday, June 20, 2019

Far East News

© Artem / Adobe Stock

Maersk Explores Arctic Shipping Route with Russia

Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia's state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice.Russia has made developing the so-called northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - a priority, with supporters dubbing the route the northern Suez Canal.Last summer, Maersk carried out what it said was a one-off trial…

Pic: Ports of Sines and the Algarve Authority, S. A.

Sines Port Delegation Visits Yantian Port

The Port of Sines, a first largest artificial port of Portugal and a deep water port, has received a delegation from the Yantian Port, accompanied by the Embassy of the People’s Republic of China in Lisbon.Aiming at discussing cooperation possibilities between the two ports, the delegation was particularly interested in the logistic potential of the Sines complex, highlighting the capacity to attract new investments, not only within the port jurisdiction area, but also at ZILS…

Pic: Orange Business Services

Sovcomflot Selects Orange for Maritime VSAT

Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot has chosen Orange Business Services to deploy an advanced Maritime VSAT solution on eight vessels.According to a press release from the the business services arm of Orange S.A., this initial rollout will keep the ships connected even when operating on the high seas, improving safety and optimizing navigation in challenging conditions.In addition, this solution will make it easier for crews to stay in touch with friends and family…

File Image: A typical DP World-operated marine facility (CREDIT DP World)

DP World Mulls Port Deals Along Russia's Northern Route

DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters.Russian President Vladimir Putin has made developing the northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - one of his priorities, with supporters dubbing the route the northern Suez Canal.Dubai government-controlled DP World operates 78 marine and inland terminals…

Photo: Hafen Hamburg Marketing e.V.

Chinese VP Visits Hamburg Terminal

China’s Vice President Wang Qishan visited the HHLA Container Terminal Tollerort (CTT) at the Port of Hamburg.Wang was greeted by the Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), Angela Titzrath, Hamburg’s First Mayor, Dr Peter Tschentscher, and representatives of the Chinese container shipping company Cosco Shipping Lines. Wang headed a 40-strong party of high-ranking Chinese government officials, and the terminal operator said the visit emphasizes…

Pic: BW LPG

VLGC Freight Rates Recover

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East.According to BW LPG, the owner and operator of liquid petroleum gas (LPG) vessels,  the recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship…

Photo courtesy of ACP

Largest Boxship Ever Transits Panama Canal

Today, the Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.Similar to the milestone Q-Flex transit completed on May 12, today’s achievement was made possible by an increase to the maximum allowable beam for vessels transiting the Neopanamax Locks.

Evergreen's Triton Transiting the Expanded Canal on May 15. Photo: Panama Canal Authority

Triton Makes Record Transit Through Panama

The Panama Canal completed a trial transit of Evergreen’s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.“We are excited about the opportunities enabled by the Triton’s trial transit,” said Panama Canal Administrator Jorge L.

Image: Hafen Hamburg Marketing

Ocean Alliance Maiden call at Hamburg Port

The first container-ship in the new Asia service Loop 7 - the Taurus,  14.424 TEU, belonging to the Ocean Alliance - has berthed in the Port of Hamburg.Port of Hamburg said that this service is part of the new Day 3 Product, with which the Alliance consisting of CMA CGM, Cosco, Evergreen and OOCL is entering its third year.With DAY 3, the Ocean Alliance has 330 containerships in 38 services, increasing its transport capacity to 3.8 million TEU. With Loop 7, six out of seven Ocean…

Patrik Berglund. Photo: Xeneta

Container Freight Rates Fall: Xeneta

After two months of steady increases in long-term contracted rates for containership operators, the latest XSI Public Indices report from Xeneta shows a reversal of fortunes, with rates falling by 4.2%.According to the report’s crowd-sourced data - covering over 160,000 port-to-port pairings, with 110 million data points – all major trading corridors saw month-on-month declines, plunging the indices to its lowest level since June 2018.However, unfortunately for those on the asset owner and operator side…

Pic: FESCO Transportation Group

FESCO Optimizes the Rotation

Russian shipping company FESCO Transportation Group announced that as part of the development of FESCO Fast Forward services it is optimizing the rotation and changing the names of regular shipping lines from China and the Republic of Korea to Russia.Transportation services between China and Russia will be carried out under the brand FESCO China Express, and between the Republic of Korea and Russia - under the brand FESCO Korea Express.FESCO China Express will operate on two routes…

File Image: Marad

Container Rates Alert: Box Industry Builds

Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta, a leading ocean freight rate benchmarking and market analytics platform…

Image: Wagenborg

Alaskaborg Completes Special Voyage

Netherlands-based maritime transport solutions provider Royal Wagenborg said that its vessel m.v. Alaskaborg completed a special voyage from the Baltic to the Far East.The 15,750 DWT geared vessel from the Wagenborg fleet combined a bulk cargo and project cargo in both box-shaped holds. With this voyage, the m.v. Alaskaborg again demonstrates the flexibility and possibilities of the Wagenborg fleet.First in Tornio, Finland, the ice-classed Alaskaborg loaded 13.000 tonnes of ferrochrome.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with Kazakhstan’s Prime Minister Askar Mamin in Astana. Photo by DP World

DP World to Invest in Kazakhstan Ports

The global port operator are in discussions with Kazakhstan government to invest in new infrastructure in the country’s ports and logistics sectors.The potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics sectors was the focus of discussions between global trade enabler DP World’s Chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s Prime Minister H.E. Askar Mamin in Astana today.This follows the signing of two framework agreements with…

Image: Suez Canal Authority (SCA)

Suez Canal Extends Bulker Toll Discounts

The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”."SCA pays more attention to its users best interest, and has recently taken steps towards being the safest, most secure, most reliable and most competitive compared to other routes," said a press release.It said that the rebate granted to (Laden/Ballast) Dry Bulk Vessels operating between Americas' ports and Asian ports…

Photo: ONE

ONE: Loading Record Exceeding 19000 TEUs

MOL TRIBUTE, operated by Ocean Network Express (ONE), renewed a loading record with 19,190 TEUs (including 38 TEUs void slots). The previous loading record was 18767 TEUs by MOL TRADITION in late December 2018. MOL TRIBUTE, which is deployed in ONE’s Far East Loop 2 (FE2) service in THE Alliance (THEA), achieved the record on her Singapore westbound departure to North Europe on 11 Feb 2019, and it was the first time for ONE to surpass 19000 TEUs containers onboard.

Image: Piraeus Port Authority S.A.

Piraeus Port Signs MoU with Italian Ports

The Greek port of Piraeus signed a memorandum of understanding (MoU) with Italy’s port authorities from the cities of Venice and Chioggia.The agreement seeks to develop port services and promote increased trade flow between Europe, the Mediterranean and the Far East.The MoU was signed during a meeting between the chairman and CEO of Piraeus port Fu Chengqiu and the president of the Northern Adriatic Sea Port Authority (Venice and Chioggia) Pino Musolino.The MoU envisages cooperation in improving the exchange of best practices and knowhow in port management…

Logo: Xeneta

Container Rates Alert: XSI Contracts Update

The global XSI  fell 1.6% in Jan-19 to 106.58 points, continuing the downward trend recorded since Aug-18. During this six-month period, the index has lost 5.3% of its value, having shed 5.92 points and now stands at a similar level to that recorded in May-17.Year-on-year the global benchmark is 2.1% lower than Jan-18. However, if the index reports similar changes to those witnessed during the first few months of 2018, then we may only see minimal changes in the next few months.XSI  - Europe Imports / ExportsIn Jan-19 European imports on the XSI  fell 1.3% month-on-month to 108.01.

Pic: Dept of Transport, UK

UK Launches Maritime 2050 Strategy

Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the importance of maritime – worth over GBP40bn to the UK economy, more than aerospace or car manufacturing – and focuses on the desire to cement the UK’s place as the world's leading maritime nation into the second half of the 21st century.Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East…

Container Trains near Grodekovo. Photo: © Eurosib

Eurosib's First Transit Container Train Crossed Grodekovo

CJSC Eurosib SPb - Transport Systems  tgether with the Zhengzhou International Hub company (ZIH) started the first transit container train through border crossing of Grodekovo (Far East railway, RZD). The Container train follows the route Hamburg (Germany) - Zhengzhou (China).The first train with 43 forty-foot containers was dispatched on 28 December. On January 12, the train reached the border crossing Grodekovo  (Russia) - Suifenhe (China).Normally, within couple of days, it will arrive at final destination. At the same time, Eurosib is preparing the opposite direction train.

File Image: Evergreen Marine Corp

Taiwan's Evergreen Opens Four New Offices in Latin America

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

“MOL Trust” and “MOL Tradition” (Photo: ONE)

ONE Achieves Container Loading Records in two Consecutive Weeks

In late December 2018, two vessels operated by Ocean Network Express (ONE), namely “MOL Trust” and “MOL Tradition”, set a loading record of 18,694 TEU and 18,767 TEU respectively.“MOL Trust”, which operates in ONE’s “Far East Loop 2 (FE2)” service in THE Alliance, achieved the record on her Singapore westbound departure destined to North Europe on 24 December 2018.“MOL Tradition”, which operates in the same FE2 service, renewed ONE’s record on her Singapore westbound departure on 29 December 2018.

Photo: Evergreen

Evergreen Opens Four Offices in Latin America

In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. Evergreen Line has opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months. In setting up these offices Evergreen confirms its continued commitment to serving the trade and economy of Latin American west coast region. The dedicated personnel at these locations will have responsibility for local marketing and sales…

Peter Sand, BIMCO’s Chief Shipping Analyst

BIMCO: US Box Imports Break Records Despite Uncertainty Ahead

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers were experienced on both coasts in October with the USWC at 1.09 million TEU and the USEC at 0.91 million TEU according to BIMCO’s own data.The first two months of 2018 saw the USWC coast’s laden imports increase 11.7% from the start of 2017, with the accumulated growth rate then stabilising to around 4% for the rest of the year.

Pic: Seacor Marine

Seacor Marine Acquires Three Fast Support Vessels

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.

File Image: AdobeStock © dbvirago

Shipping Ponders the Ultimate Cost of ‘Green’

Low sulphur fuels, scrubbers, LNG and other solutions are all part of the mix. Handicapping the impact of any of these options for the bottom line is anything but easy. Getting greener is not the problem; determining the best way to get there is quite another.By any measure, the business of running vessels will not be the same after January 1, 2020, when the present 3.5% limit on sulfur content will ratchet downward to 0.5%. With the implementation date for the changes, enacted…