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Sunday, February 17, 2019

Hapag Lloyd News

Rolf Habben Jansen (Photo: Hapag-Lloyd)

Hapag Lloyd CEO: Trade Spats Could Dampen Shipping Growth

An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said."Many customers tried to get their goods through to the U.S. ahead of time in second half 2018, creating additional growth," Rolf Habben Jansen, chief executive of the company that is the world's fifth biggest shipping liner, told reporters in Hamburg on Tuesday."That points to some business having been brought forward…

Photo: Port of Boston

Conley Box Terminal Breaks TEU Record Again

The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth, investment and opportunity. More than 1,600 businesses across New England use the Port of Boston for importing and exporting goods.Conley Terminal handled 298,036 TEUs during 2018, serving as an efficient alternative to other U.S. East Coast ports for New England cargo.

Hapag-Lloyd to Convert Containership to LNG

As the maritime industry increasingly searches for means to reduce emissions in the face of legislative mandate, from Germany comes news of a unique 'world first' project to convert the 15,000 TEU containership Sajir to LNG, resulting in an estimated reduction of CO2 emissions from 15 to 30 percent.While the use of LNG as fuel in the commercial newbuild ship sector continues to gain traction, the refit of existing ships to LNG has been slower in developing, owed mainly to the…

Pic: CXIC Group

Container Market Grows at 8.6%

The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and rising industrial expansion in China are the key driving factors for the market growth.However, factors such as the effect on the environment and fluctuating raw material prices are hindering the market growth, the market research report said.ISO container is any type of shipping container which is designed…

Pic: Hapag-Lloyd

Hapag-Lloyd Redeems Bond Early

German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company, the senior note was issued in February 2017 with an aggregate principal amount of EUR 450 million. The annual coupon is 6.75 percent."This partial redemption will be done from cash proceeds, predominantly…

Image: NGO Shipbreaking Platform

744 Ships Scrapped in 2018

744 large ocean-going commercial vessels were sold to the scrap yards in 2018, out of which 518 were broken down on South Asia beaches, accounting for a record-breaking 90.4% of the gross tonnage dismantled globally.According to new data released by the NGO Shipbreaking Platform,  at least 34 workers lost their lives when breaking apart the global fleet. The Platform documented at least 14 workers that died in Alang, making 2018 one of one of the worse years for Indian yards in…

Photo: Optimarin

Optimarin Sees Early Order Surge in 2019

In the quarter of a century since its formation in 1994, ballast water treatment (BWT) specialist Optimarin has never experienced a year quite like 2018.The Norwegian headquartered firm has revealed that the previous 12 months saw it sell more than 100 systems and achieve record revenues. However, according to company CEO Tore Andersen, 2019 is already shaping up to set a new standard, with the orderbook currently five times the size it was at this point in 2018. Revenues, he says…

Pic: Verbrugge Terminals

North Sea Port Receives the First Ship Balao

The ship Balao docked at Verbrugge Terminals in Vlissingen, in North Sea Port, carrying a cargo of fruit. This was the first ship to arrive as part of this logistical service provider's first permanent intercontinental shipping line.The ship was carrying fruit such as bananas and pineapple, among other things. In this line, goods will be loaded in Cartagena and Santa Marta, Colombia and in Puerto Limón, Costa Rica. From South America, the ships will then sail to the European ports of London…

Graphic: Freightos

Weekly Freightos Baltic Index Update

Highlights of the Freightos Weekly Baltic Index Report ...Just as the January 1 GRIs were losing traction, the mid-month round lifted transpacific prices back up again. The net impact was a 4% week on week rise for both lanes. China-West Coast went up from $2,031 to $2,110, and China-East Cost went up from $3,171 to $3,292.Having lost ground following January 1’s GRIs, the mid-month GRI picked up transpacific prices again. The net effect of dipping, then rising prices last week…

Pic: Hapag-Lloyd

Hapag-Lloyd on Ship Recycling Transparency Initiative

Ships are often disassembled on beaches by people who don’t wear any protective clothing or take any other safety precautions. One reason for this is that there still aren’t any globally agreed standards that shipping companies must adhere to, said a report by Hapag-Lloyd.In 2017, 835 ships of the global fleet of 50,000 vessels were recycled – but in very different ways. In December 2018, the Ship Recycling Transparency Initiative (SRTI) launched an online platform to draw attention to these practices and…

Maximilian Rothkopf. Pic: Hapag-Lloyd

Hapag-Lloyd Names Rothkopf COO

Hapag-Lloyd has announced that Maximilian Rothkopf  is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin retires in late June.Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business administration, has been a Partner since 2014 at McKinsey & Company, where he has been a member of the global Travel, Transport and Logistics (TTL) leadership team. He started his career in 2005 at the management consulting firm…

File photo of the Yantian Express (Photo: Hapag Lloyd)

Crew Evacuates from Burning Box Ship off Canada

The German shipping line Hapag Lloyd said on Sunday it had evacuated the crew from its container ship, the Yantian Express, off Canada's east coast after a fire spread."Due to bad weather conditions, the fire has not been successfully contained yet and has significantly increased in intensity at times," the firm said in a statement on Sunday."For this reason, a decision was made to evacuate the crew. The complete crew is unharmed."Hapag Lloyd had said on Friday that it was trying to extinguish the fire.(Reporting by Edward Taylor; Editing by Kevin Liffey)

File photo of the Yantian Express (Photo: Hapag Lloyd)

Containership Ablaze Off Canada's East Coast

German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.A spokesman for Hapag Lloyd said the fire broke out on Thursday in a container on deck and spread to some other containers on the vessel, but the cause was not yet known.The 7,519 twenty foot equivalent ship was on its way from Colombo, Sri Lanka to Halifax in Nova Scotia via the Suez Canal…

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…

Pic: Ship Recycling Transparency Initiative

Ship Recycling Transparency Initiative Launched

Industry leaders and non-profit the Sustainable Shipping Initiative announced the launch of the Ship Recycling Transparency Initiative’s (SRTI) online platform - a tool for sharing information on ship recycling to drive responsible practice.According to a press release, the platform comes nine months after a group of shipping companies first announced their collective effort to use the market-drivers that transparency brings to make responsible ship recycling the norm. Demanding transparency holds the shipping industry to account…

On behalf of Sri Lanka Ports Authority (SLPA), the Chairman of Sri Lanka Ports Authority (SLPA) Dr.Parakrama Dissanayake exchanges plaques with the Maseter of Mein Schiff 3 - Capt. Alevropoulos George. The Manging Director of Shipping Agency Services (pvt) Ltd - Mr.Gihan Nanayakkara is also in the picture. Pic: Port of Colombo

Mein Schiff 3 Made Maiden Call at Sri Lankan Port

The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.

Image: Kühne Logistics University (KLU)

Hapag-Lloyd, KLU Launch New Research Centre

Germany's Kühne Logistics University (KLU) and the container shipping giant Hapag-Lloyd announced the launch of the Hapag-Lloyd Center for Shipping and Global Logistics (CSGL) in Hamburg.According to the University, in Hamburg CSGL will promote the ongoing discourse between international research and the shipping industry.Thomas Strothotte, PhD, President of the KLU said:  “We are combining theory with practice, and are building upon KLU’s key competence areas digital transformation…

Pic: Ocean Network Express

ONE Expands Asia-South America Service

Ocean Network Express (ONE) announced the further expansion of its Asia - east coast South America service as a follow-up to the earlier announcement detailing the expanded cooperation with Hapag Lloyd.A week ago, ONE announced the expansion of its Asia-South America service. ONE had said it is cooperating with Hapag-Lloyd and Mediterranean Shipping Co. (MSC) in the Asia-South America trade lane.Commencing in the 2nd week of December 2018, the additional weekly offering will enhance ONE’s service frequency and broaden its coverage between Asia and the east coast of South America…

Image: Hapag-Lloyd

Hapag-Lloyd Commits to EGCS Retrofitting

German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000 TEU) to be retrofitted in 2019 and 2020, it said.Hapag-Lloyd has ordered ten Hybrid Ready Exhaust Gas Cleaning Systems (EGCS), which will be gradually installed to ten of Hapag-Lloyd’s Hamburg class vessels (13,000 TEU) during 2019 and 2020. This will allow the company to comply with the upcoming IMO2020 low sulphur…

Image: Hapag-Lloyd

Hapag-Lloyd unveils "Strategy 2023"

As the liner industry has come to a turning point following a period of consolidation, Hapag-Lloyd unveiled its five-year strategy, prioritizing profitability, service, and cost savings in a container shippingLarge-scale acquisitions is not one of the objectives in German carrier's new strategy will characterize everything the shipping company does in the next five years, said its CEO Rolf Habben Jansen.Hapag-Lloyd is more than two times larger than it was in 2014 in terms of transport capacity.

Image: Mediterranean Shipping Company

Five Container Shipping Gaints Form Digital Collaboration

Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express -  intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry.IT executives from the shipping groups are currently discussing the creation of common information technology standards which shall be openly available and free of charge for all stakeholders of the wider container shipping industry.“It’s in the customers' and all stakeholders’ best interest…

Pic: Hapag-Lloyd

Hapag-Lloyd Profit Doubles

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

File Image: CREDIT Hapag Lloyd

Hapag Lloyd CEO Expects Global Shipping Demand Growth Over Next Two Years

CEO sees box shipping volumes growing 3-4% annually from 2018 to 2019, lower than sector experts estimate due to geopolitical risks.Hapag Lloyd also expects global demand to outstrip supply growth over next two years.CEO also says ship scrapping activity has been picking up in recent weeks after almost no activity earlier this year.

Pic: Yang Ming Anatolia

Major Shipping Lines Join to Expands Mediterranean-U.S. East Coast

Hapag-Lloyd, Ocean Network Express, and Yang Ming announced the strategic cooperation with CMA-CGM, COSCO, OOCL to enhance their Mediterranean-U.S. East Coast service AL6 (Atlantic 6) to deliver a more efficient and comprehensive service quality.The improved service is consolidating the AL6 service (operated by Hapag-Lloyd, Ocean Network Express, and Yang Ming), and the Amerigo service (operated by COSCO, CMA-CGM, OOCL) into one larger loop with a deployment of six 8,000-TEU vessels (three by Hapag-Lloyd…

Challenger software main menu, taken on board the Hapag-Lloyd vessel Callao Express (Photo: Poseidon Navigation Services)

Poseidon Navigation Services Inks Deal with Hapag-Lloyd

Global container carrier Hapag-Lloyd has appointed Poseidon Navigation Services Ltd as the supplier of all Chart Management Services for the fleet managed by Hapag-Lloyd Hamburg.The appointment, announced after an in-depth evaluation process, starts immediately and will include Poseidon Navigation Services’ ‘Challenger’ software platform which will provide weekly updates for all Admiralty products, both paper and digital.Thomas Gunn, Managing Director at Poseidon Navigation Services…

(Photo: Hapag-Lloyd)

ONE, Hapag-Lloyd Partner for Feeder Services

Japan's Ocean Network Express (ONE) and Germany's Hapag-Lloyd have agreed to share space on their feeder services.As the first step, the cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade lanes. The carriers have already ushered in a new Intra-Asia service, the Bohai Feeder (BHX) in August and will further introduce a new Intra-Europe service, the North Sea Poland Express (NPX), in mid-October to further…