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Sunday, April 21, 2019

Maersk Line News

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…

The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt.  Photo: Maersk

Update: Maersk Honam Heads for Rebuild

The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt. The sound section of Maersk Honam was successfully loaded aboard the heavy-lift vessel Xin Guan Hua on open waters outside Dubai (UAE) on Saturday, 2 February. It was expected to pass Singapore Strait on Monday, 18 February 2019. The heavy-lift vessel will deliver the 228.5-metres-long section from midship to stern at Hyundai Heavy Industries Shipyard in South Korea in March…

Image: Avantida

Maersk, Avantida Automate Street Turns

Avantida said that Maersk Line has started to offer street turn or container triangulation services through its computer platform in the United States and Canada. Avantida is owned by E2Open.Empty container triangulation, or the interchange of an intermodal container outside of a marine terminal or yard (street turns), is a well-known activity in the US. By offering this on Avantida’s online platform, transporter and logistics companies are freed from the administrative hassle of having to request and process street turns manually.Through the automated request process offered by Maersk…

Pic: The Maersk Group

Maersk Intros Cargo Insurance Alternative

Maersk Line is expanding its commercial offering with the introduction of an extended liability solution, Value Protect, which will act as a substitute to regular cargo insurance, in protecting customers’ cargo."Maersk is expanding its commercial offering and introduces Value Protect, an extended liability solution. It offers customers an alternative to cargo insurance, increasing their chance of receiving full compensation in case of cargo damage in transit," said a press note from the Danish international container shipping company.Valid while the cargo is in the care and custody of Maersk…

Image: Hyundai Merchant Marine

Hyundai Merchant Marine to Say Good Bye to 2M Alliance?

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the 2M Alliance (consists of Maersk Line and MSC) is disadvantageous to HMM as it is not a full member of the alliance. HMM's status fell as the 2M Alliance inked a partnership deal with Israel's Zim Integrated Shipping Services, the report…

Photo: Maersk

A.P. Moller - Maersk Grows Across the Business

In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects were realized.“Well into our transformation, we are progressing with the integration of our business to better serve customers and unlock the full growth potential within Logistics & Services.

North Carolina Ports Chief Operating Officer Brian Clark

North Carolina Ports Hosts Second Annual Cold Chain Summit

North Carolina Ports hosted the Cold Chain Summit 2018: Cold Gateways Expansion – Farm to Table and Beyond in historic downtown Wilmington on Wednesday.This is the second year NC Ports has organized and hosted the event focusing on current markets, shipping patterns, consumer behavior and environmental impacts of the global cold chain industry.“This year’s summit comes at a time of significant growth for NC Ports’ perishables portfolio,” said NC Ports Executive Director Paul J. Cozza.

Image: Port of Hamburg

Fitch Warns: Shippers' Costs and Capex may Increase

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report."This may negatively affect their credit quality unless they manage to pass these costs to customers. Many shipping companies have started implementing fuel surcharges to recover costs associated with the new sulphur cap regulation, but their ability to sustain these will depend on market fundamentals…

Image:  Lyttelton Port Company Limited

NZ Harbour Welcomes its Largest Container Ship

The largest Port in the South Island of New Zealand, Lyttelton Port, has welcomed its largest ever container ship.The Singapore–flagged Rio de Janeiro, which can carry nearly 6000 containers and is the length of about three rugby fields, arrived early Saturday.Lyttelton Port Company (LPC) Chief Executive, Peter Davie said, “The Rio de Janeiro is a new class of ship to call at Lyttelton. She can carry 5,905 twenty-foot equivalent containers (TEUs), while the largest container vessels currently visiting Lyttelton commonly carry 4…

Maersk Leonidio at Ennore (Photo: Maersk)

Maersk Begins Port Operations at Ennore, Tamil Nadu

Maersk begins its port operations at Ennore (Kamarajar port), Tamil Nadu offering connectivity between the Far-East Asian ports of Tanjung Pelepas (Malaysia), Busan (South Korea) and Xingang (China) and the Indian ports of Chennai, Krishnapatnam & Visakhapatnam. The company also celebrated the first maiden call for its existing ‘Chennai Express’ service at the new container terminal in Ennore Port which is about 15 miles north of Chennai.“The rising global trade from and to India is leading to congestion and moving to new ports that offer quicker turnaround and better services is crucial.

Pic: Danish Shipping

Good start for CETA Agreement

New calculations indicate that last year's trade agreement between the EU and Canada, the CETA agreement, has had a positive impact on trade between the continents and significantly increased exports from the EU to Canada. Shipping companies feel the effect of this.Last year's abolition of virtually all tariffs has improved the business climate between Canada and the EU and led to significantly increased EU-Atlantic exports to Canada. Canada is Denmark's 13th largest trading partner…

The Indian Coast Guard battles flames aboard the Maersk Honan (File photo: Indian Coast Guard)

Maersk: New Cargo Guidelines After Containership Fire

Maersk has implemented new guidelines on dangerous goods stowage that aim to improve safety practices across its fleet in the wake of the fire aboard containership Maersk Honam that killed five crewmembers earlier this year.Following the deadly fire, Maersk evaluated more than 3,000 United Nations (UN) numbers of hazardous materials in order to further understand and improve dangerous cargo stowage on board container vessels and developed a new set of principles called Risk Based Dangerous Goods Stowage.Together with the American Bureau of Shipping (ABS)…

File Image: Global Ship Lease

Global Ship Lease Bags New Time Charter with Maersk Line

Global Ship Lease announced a new time charter with Maersk Line for the 2004-built, 8,063 TEU containership OOCL Ningbo, which has been renamed GSL Ningbo, following her redelivery by OOCL on September 17, 2018.The containership charter owner said in a press release that the vessel will be chartered, commencing on or around September 21, 2018, for a period of between two and 12 months, with a subsequent option for an additional 12-month extension (at charterer’s option).During the first three months…

(Photo: Eric Haun)

Maersk to Merge Damco, Ocean Product Units

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…

Photo: Peel Ports

Liverpool2 to Receive New Container Services

Peel Ports’ flagship deep-water container terminal, Liverpool2, will welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduce a new transatlantic container service to the port beginning July 22, 2018.2M is switching its TA2 service from Felixstowe to Liverpool on a temporary basis. At the same time, Maersk Line’s South American service, Colombia Express, will also start calling at the port of Liverpool, exporting UK goods to Newark.Liverpool will be the final port of call for both weekly services as they head westbound across the Atlantic.

Photo courtesy of ZIM

ZIM, Maersk Line and MSC Partner on Asia-US Trade

ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced a new strategic cooperation on the Asia – U.S. East Coast trade.At present, MSC and Maersk Line operate five loops and ZIM operates two loops on the trade.Starting early September 2018, the parties will operate together five loops between Asia and the U.S. East Coast. ZIM will operate one loop while the other four are operated by 2M. The parties will swap slots on all loops.Eli Glickman…

File Image: CREDIT CMA CGM

Boxships Buffeted by Competing Calamities

Overcapacity, Fleet Supply, Weakened Earnings, Consolidation – and now – fears of trade wars fuel further uncertainties for an already unsteady boxship climate. MLPro’s Barry Parker digs in to get to the bottom of all of it.The report season for 2018 Q1 corporate results saw an “earnings miss” (reported earnings below consensus forecasts of analysts) for the bellwether of listed container equities, A.P. Moller (APM), with its largest portfolio holding being Maersk Line. In a media telephone interview…

(Photo: Al Sharqi Shipping)

Al Sharqi Shipping Wins Maersk Line Customer Award

Al Sharqi Shipping recognized as a top customer for Maersk LineAl Sharqi Shipping announced it has received Maersk's Platinum award for the year 2017. This marked the company's sixth consecutive award with Maersk Line.The award was presented by Jyoti Tahiliani, Maersk Line Head of Inside Sales and Aarti Shibu, Maersk line Account Manager, to Al Sharqi Shipping at their Head office.“The award is a great confidence booster to the team of Al Sharqi Shipping for all their hard work and attention towards their customers’ success…

Photo: Maersk Line

Maersk Line Establishes Commercial Office in Nepal

Maersk Line, the global containerized division of the Maersk Group, announced the commencement of its new commercial office in Kathmandu, Nepal from 1st of June this year.Maersk Line since its entry into the Nepal market over 20 years back has been providing shipping and logistical solutions through its strong network in India. However, with the rapid growth of trade in the region, Maersk Line sees an opportunity to serve its customers better by being closer to them.Maersk Line’s…

(File photo: Maersk Line)

Maersk Line Pushes Restart in Maldives

Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade. Interestingly, around 90 percent of Maldives trade is import driven and spearheaded by China, India and Sri Lanka.

(Photo: APM Terminals)

Mumbai Maersk Loads World Record 19,038 TEU

With 19,038 TEU loaded on board, the Mumbai Maersk has set a world record for the largest-ever containership cargo.The second-generation Triple-E containership left the dock of Malaysia’s Tanjung Pelepas Port over the past weekend and is now sailing into Europe. The ship is scheduled to make its first stop at Rotterdam on September 5.Mumbai Maersk, the newest to enter Maersk Line’s Triple-E fleet in May 2018, has a nominal capacity of 20,568 TEU and is deployed on the Asia-to-Europe service (AE5).The 19…

(Photo: Hapag-Lloyd)

CMA CGM Made Merger Approach to Hapag Lloyd

The world's no. 3 container shipping line CMA CGM of France has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.Three finance sources with knowledge of the matter, who declined to be named due to market sensitivity, said CMA CGM had initiated discussions in recent months with Hapag-Lloyd, which is ranked fifth globally, to look into some form of share merger of the two groups."The idea which has been proposed...

Photo: Maersk Line

Maersk: India Recording a 14% Upturn

India´s containerized trade with the BRICS´ nations trademarks a rise of 14 percent. Export trade from India to Brazil, China, Russia and South Africa in Q1 2018 increased 7,5 percent YOY from same period last year. South Africa turned to be Indian´s top trade partner.BRICS EXIM trade registers steady growth of 1.5 percent in Q1 2018 compared to Q1 2017. “Last year, the BRICS´ joint contribution to the world economy was 23.6 percent, and according to the International Monetary Fund’s predictions this is set to rise to 26.8 percent by 2022.

(Photo: Eric Haun)

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. The new surcharge considers the average fuel…

Image: NYSHEX

Hyundai Merchant Marine Joins NYSHEX

The New York Shipping Exchange (NYSHEX), the innovator of the first reliable digital forward freight contract for global container shipping, announced the addition of Hyundai Merchant Marine (HMM) as the newest carrier member to join the exchange.HMM joins a group of innovative carriers – Maersk Line, CMA CGM, Hapag Lloyd, OOCL, and COSCO – who have embraced the value of digital contracting and fully enforceable ocean freight contracts as a new offering for their customers. Model introduced by NYSHEX that is proven by a 99.8% fulfillment rate…

Left to right: Colin Mottershead, Shiphand/Tug Driver; Darrin Hyde, RTITB Trainer/Gantry Operator; Nusrat Ghani MP, Maritime Minister; Patrick Walters, Chief Operating Officer, Jo Scott, Group Head of Marketing; Emma Wilson, Digital Apprentice; Mark Reynolds, Shift Manager (Photo: Peel Ports)

Maritime Minister Visits Port of Liverpool

Peel Ports welcomed Maritime Minister Nusrat Ghani MP to its flagship container terminal Liverpool2 on Wednesday as the terminal prepares to welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduces a new transatlantic container service to the port.The Minister met with Chief Operating Officer Patrick Walters and received a tour of the port, as well as meeting with workers from varying roles across the container terminal.Walters said, “Workforce diversity is very important to us…