Hapag-Lloyd Pays Off Bond
German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103.375 percent.The redemption will be done predominantly from available cash. EUR 100 million of the EUR 280 million will be paid from a drawdown of a CDS-based credit facility."The complete repayment of this senior note ahead of maturity is a clear step forward towards further deleveraging and optimizing our capital structure.
Port of Hamburg Moves More Cargo by Rail
In Germany’s largest universal Port of Hamburg more than 135 million tons of seaborne cargo traffic are cleared annually. A major share of this freight reaches or leaves the port by rail.today and terms of the various modes of transport on the overland seaport-hinterland routes, then rail is in pole position in Hamburg with 48.2 percent, ahead of trucking with 41.4 percent and inland waterway with 10.2 percent.In the first quarter of 2019, a total of 12.5 million tons of freight were transported by rail between the Port of Hamburg and destinations within Germany and Europe.
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…
Hamburg’s Traffic on the Rise in Q1
Germany’s largest universal port is again on a growth path, achieving a distinct advance in the first quarter of 2019 with seaborne cargo throughput ahead by 6.0 percent at 34.6 million tons.Both general cargo throughput at 23.9 million tons - up 5.4 percent- and bulk cargo throughput at 10.7 million tons - up 7.5 percent – rose substantially in the first three months.The gratifying 6.4 percent increase in container handling to 2.3 million TEU is primarily attributable to four liner services new to Hamburg and linking the Hanseatic City with ports in the USA…
Hamburg Süd Expands Service
The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best in class stand-alone service configuration without having to depend on vessel sharing agreements with other shipping companies…
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…
BUNKERS MANAGEMENT: Fifty Shades of Preparedness for IMO 2020
Get ready for unprecedented disruption as 2020 nears, says Alok Sharma, Senior Vice President at Inatech.When January 1, 2020, arrives and the global 0.5% sulfur cap comes into force, it will trigger the biggest and most sudden change the shipping industry has ever seen. Overnight, about 90% of global demand for bunker fuel must switch from HFO to low-sulfur alternatives and no one knows quite what will happen. The closest event in terms of seismic change was when the sulfur emission control areas (SECAs) came into effect in January 2015…
Hamburg Süd Christens “Polar Mexico”
Hamburg Süd christened the “Polar Mexico” container ship in the Mexican port of Veracruz on the weekend.The sponsor of the “Polar Mexico” is Claudia Dávila, wife of Carlos Ayala, Logistics and Distribution Director of Alpek Polyester, which is a subsidiary of the Alfa Group, one of the largest corporate groups in Mexico.The Mexican economy is strong in the fruit sector as well as in other industries with high import and export volumes, such as automobile manufacturing, chemicals and brewing.
Zeamarine Appoints Hugo Trumpy for Italy
The leading provider of global tramp and liner services for the ocean transportation of heavy lift Zemarine has appointed Hugo Trumpy as exclusive agent for the Italian market.With more than 100 years of combined experience, Intermarine, Zeaborn and Rickmers-Line have combined and consolidated operations to unite as Zeamarine, a new and trusted industry leader, said a press release.The JV will have more than 85 vessels and is expected to exceed 100 vessels by year-end. The near-term strategy for the new…
Milaha Launches BSX
Middle East's maritime and logistics company Milaha (Qatar Navigation) will start a direct container shipping service connecting the Black Sea and the Mediterranean in its first foray into Europe.According to a press release from the Qatar-based maritime transport and logistics conglomerate the new feeder service marks Milaha’s first European service linking the Mediterranean and Black Sea. The BSX demonstrates Milaha’s commitment to deliver reliable and agile services to its customers and partners globally.The BSX rotation is Piraeus (Greece)…
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…
Crowley Logistics Announces Organizational Changes
To continue providing customers with industry-leading integrated supply chain solutions, Crowley Logistics has announced several personnel moves that further position the company for exceptional customer service and growth.Patrick Collins has been promoted to vice president of terminal operations; Jose “Pache” Ayala has been named vice president of Caribbean logistics, and Claudia Kattán de Jordán has been appointed vice president of Central America logistics. All three executives report to Steve Collar…
Port of Kiel: Passenger Volume Up, Cargo Down
More than 2.2 million passengers and again over 7 million cargo tons handledKiel continues to pursue its growth course in passenger traffic posting a 4.2 % increase with 2.2 million travelers. At the same time, the port’s cargo sector was unable to match the top results of the reference period (2017: 7.4 million tons, +14.3 %). The handling performance decreased by 3.5 % to 7.15 tons of cargo in 2018. In order to further improve the port’s infrastructure, investment activities have accelerated once again.
MOL Turns 50 in Thailand
Mitsui O.S.K. Lines (MOL) celebrated the 50th anniversary for the establishment of Mitsui O.S.K. Lines (Thailand).On November 13, it held a party in Bangkok for customers, business partners, and others, marking the event and the centennial anniversary for the opening of liner service to and from Thailand by its predecessor, Osaka Shosen.Around 500 guests attended the event including Arkhom Termpittayapaisith, Minister of Transport, and Shiro Sadoshima, Japanese Ambassador to Thailand.
Container Ship “Afif” Named in London Gateway
It took British Maritime Minister Nusrat Ghani just one go to activate the mechanism that sent a big champagne bottle crashing against the massive sidewall of the “Afif”. This marked the official naming of the 15,000 TEU container ship on 16 July 2018. The name “Afif” is of Arabic origin and means “purity” and “honesty”; also, Afif is a city in central Saudi Arabia. The ship is technically equipped to use LNG fuel. With its ten sisters, “Afif” belongs to the category of “Ultra Large Container Vessel”, the second-largest ship class in Hapag-Lloyd’s fleet.
Crowley Honored for Puerto Rico Relief Efforts
Crowley Maritime Corporation recently received a Humanitarian Award from Seamen’s Church Institute (SCI) for its relief efforts in Puerto Rico following Hurricane Maria.The award, which was accepted on the behalf of the company’s Puerto Rico employees by Tom Crowley, chairman and CEO, and Jose Nazario, director of finance in San Juan, was presented during the 41st annual Silver Bell Awards Dinner, which is attended by over 700 members from the shipping industry and associated companies.In the aftermath of the September storm…
Latvia’s Economy Growing via German Ports Too
Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households. Goods flows in the Baltic States move not least of all via the Ports of Lübeck and Hamburg. Just how closely the German economy is linked to this Baltic state was showcased at an event in Liepaja, Latvia initiated by Port of Hamburg Marketing jointly with the Ports of Lübeck and Liepaja…
Samskip Overhauls Nor Lines’ Shortsea Service
The Netherlands based logistics company Samskip announced it has upgraded Norwegian subsidiary Nor Lines’ shortsea service network connecting to Norwegian coasts.The overhaul, effective from October 1, 2018, will meet rising demand for reefer and project cargo services southbound and increase capacity for conventional and project cargoes northbound along the Norwegian coast and beyond to Murmansk, the company said. Two existing multi-purpose service loops increase to three.Capacity on the three-ship Nor Lines service between Baltic ports and Norway will be expanded to four vessels…
First-Quarter Returns From the Universal Port of Hamburg
This year’s first-quarter throughput total at the Port of Hamburg was notable for a rise in conventional general cargoes, a lower figure of bulk cargoes, a stable trend in container handling and distinct growth on container transport services by rail.In the first quarter of 2018, the Port of Hamburg achieved total throughput of 32.7 million tons (down 7.5 percent). In Hamburg this heading covers general cargo throughput of 22.7 million tons (down 1.8 percent) and bulk cargo throughput of 10.0 million tons (down 18.2 percent).
Port of Hamburg: Railborne transport up 4.3%
In the first nine months of the year, the Port of Hamburg transferred substantially more freight on to rail - Seaborne cargo handling was below the previous year’s level, owing to less bulk cargo and a slight downturn in container handling, while there was an increase for conventional general cargo.In the Port of Hamburg, railborne container transport achieved a distinct advance of 4.3 percent in the first nine months of the year. A total of 1.8 million TEU – 20-ft standard containers – were transported by rail between the port and inland inter-modal terminals.
Repercussions of EU-Japan Pact for Hamburg Port
The European Union (EU) has signed its largest-ever free trade agreement. This aims to boost the economies of the EU and Japan. For instance, the deal will reduce Customs duties and other trade obstacles, stimulate growth and create new jobs.After checking the legal formulation of the text and translation, the agreement will be submitted to the European Parliament and EU member states for approval. Ideally, the pact, which has been in preparation since 2013, can come into force before the European elections in 2019. How could it make itself felt in the Port of Hamburg?
Short Sea Providers Partner with Navis to Optimize the Vessel Stow
On-premise vessel stowage software StowMan takes feeder liners and logistics providers to the next level of vessel stowage planning. Navis, the leading provider of vessel stowage planning solutions, announced that in the first half-year 2018 five feeder liners, including Tehama Shipping and Transinsular, have selected the on-premise stowage planning solution StowMan. The partnership with Navis aims to improve vessel stowage planning and an effective load list handling in order…
ICTSI Basra Builds Up Umm Qasr Port Capacity
The ability of the Port of Umm Qasr in Iraq to receive direct calls from larger container vessels is being progressively boosted by the new terminal development program at Basra Gateway Terminal (BGT).A significant milestone was reached at the end of August with the servicing of Evergreen’s 5652-TEU capacity Ever Useful with a LOA of 285 meters, beam of 40 meters, and a GRT of 69,246 tons. The vessel is by far the largest to call Berth 27 at BGT.In attendance during the arrival of the boxship and marking the significance of the occasion were Chief Atheal…
AAL Ramps Up Asia-Australia Liner Service
Breakbulk and heavy lift project cargo operator AAL said it will boost its scheduled North and South East Asia to Australia West Coast Liner Service (AUWC) to a monthly service with the addition of a second MPV vessel. The expansion comes on the back of very strong growth (16 percent in 2017/1018) for Western Australia’s $109 billion mineral and petroleum industry, due mainly to rising commodity prices, stronger than expected export demand and growing local production.AAL’s AUWC…
Hapag-LLoyd Extends Contract of CEO Rolf Habben Jansen
The supervisory board of Hapag-Lloyd AG has unanimously approved to extend the contract of Chief Executive Officer Rolf Habben Jansen for a further five years until 31 March 2024. “With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading global liner shipping company in a challenging market environment and as an active driver of industry consolidation. The extension of his contract ensures continuity in the corporate management,” said Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd AG.
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.