OOCL Wins Corporate Environmental Leadership Gold Award
Orient Overseas Container Line is very honored to be the first carrier in the international transportation and logistics industry to receive the Gold Award at the 2017 BOCHK Corporate Environmental Leadership Awards ceremony held at the Kowloonbay International Trade & Exhibition Centre on 31 May, 2018. This distinguished awards program aims to acknowledge outstanding participating organizations for their efforts in promoting environmental and low-carbon best practices in the…
HPH Trust Cautiously Optimistic on 2018
Hong Kong's Hutchison Port Holdings Trust (HPH Trust) saw its fourth-quarter earnings fall 38.4 per cent on weaker revenue and losses from associated companies. The company announced an attributable net profit of HK$237.8 million for the three months to Dec 31 last year - down from HK$385.8 million in the same period a year earlier. The Trustee-Manager remains cautiously optimistic about the expected cargo volume for 2018. Major liners have announced plans to continue to invest and build more megavessels of up to 22…
Hong Kong: Impressive Destination, Unfinished Journey
A truly global hub and still arguably the center of Asian trade and logistics, Hong Kong nevertheless faces many challenges. … the Port of Hong Kong saw in 2016 its lowest TEU throughput for more than a decade. Not even a late surge in throughput in December could prevent the less-than-rosy results. By the numbers, Hong Kong saw a monthly 1.8 million TEU, 14 percent increase from the same period just one year ago. But, 2016’s totals (19.6 million TEU) represented an annual drop of 2.5 percent.
CMA CGM to Delay Mega-Ship Move
CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade. The much-anticipated launch of a weekly service with six mega-ships which was planned for the end of May has been delayed in order to optimise the use of its fleet. The decision also comes as the company is rolling out an alliance with China’s Cosco Group and other rivals. French container shipping major has now signed a deal with COSCO Container Lines, Evergreen Line and Orient Overseas Container Line on creation of a new alliance, dubbed the Ocean Alliance.
Hin Lee Shipyard Selects FORAN System
The SENER engineering and technology Group has signed a contract with the company Hin Lee Shipyard Co., Ltd. in Zhuhai, China, for the implementation of the shipbuilding CAD/CAM System FORAN, developed by SENER. After the evaluation of different ship design CAD/CAM systems, the shipyard has finally selected FORAN because its excellent functionalities, which cover all design stages from conceptual design to production design. The scope of the contract includes the installation of the FORAN System…
US West Coast Not Ready for Mega Boxships
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in terms of improving productivity if they are to see them call on anything other than an ad-hoc basis. The 18,000-teu CMA CGM Benjamin Franklin will become the largest containership to call at any U.S. port when it arrives at the port of Los Angeles on 26 December.
First Mega Containership Coming to America
The largest container ship to visit the U.S. West Coast is scheduled to arrive at the Port of Los Angeles on December 26. The CMA CGM Benjamin Franklin, which was launched on December 10 is scheduled to make her maiden call at APM Terminals-Pier 400 at the Port of Los Angeles. The ship has a capacity of nearly 18,000 Twenty Foot Equivalent Units (TEUs), which is about a third larger than the biggest container ships that currently call at the San Pedro Bay port complex. “We were just welcoming a generation of 13…
Largest Cargo Ship Ever to Call at a US Port
18,000-TEU container ship CMA CGM Benjamin Franklin will make its first U.S. The CMA CGM Benjamin Franklin, an 18,000-TEU vessel named in honor of one of the United States’ founding fathers, will call at the port of Los Angeles on December 26, 2015, becoming the largest containership of this capacity ever to call at any port in the United States. The vessel will later call at the Port of Oakland on December, 31. Jacques R. Saadé, Group Chairman and Chief Executive Officer, decided to deploy an 18,000-TEU capacity vessel to the U.S.: the Group will be the first carrier to call at a U.S.
China Ready with ECAs
China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports. China's Ministry of Transport (MoT) has formally unveiled its five-year working scheme that aims to reduce the country’s shipping emissions. MoT has also issued a detailed Shipping and Ports Pollution Prevention and Control Implementation Plan. This is the first time that MoT has taken concrete action to address air emissions from ships and port activities.
BMT Completes Hong Kong Port Study
BMT Asia Pacific, a subsidiary of BMT Group Ltd, is pleased to announce the completion of The Strategic Development Plan for Hong Kong Port 2030 (HKP2030) on behalf of the Hong Kong Government. The Study is a key element in guiding local port development policy and planning investment for the future. Following an in-depth review of the containerised cargo market in Hong Kong, BMT developed a plan to enhance the competitiveness of Hong Kong’s port sector via a series of staged improvements to the existing container terminals and facilities…
GAC Celebrates 40 Years in Hong Kong
GAC Hong Kong, part of the global shipping, logistics and marine services provider GAC Group, has marked 40 years in operation with an event celebrating the company’s growth into one of the leading ship agents and logistics services providers in the territory. Established in 1974 as the GAC Group’s first operation in Asia with a three-person trading outfit, GAC Hong Kong now has a staff of 78 across two locations in Hong Kong, as well as a sister office in Shenzhen, China, providing complete supply chain solutions for local and international customers across a wide range of industries.
CNOOC: Two New Oil Fields Start Production
Hong Kong - CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters. This oil field has 3 producing wells and is expected to reach its peak production within the year. Wenchang 19-1 North is an independent oil field in which the Company holds 100% interest and acts as the Operator.
CNOOC, BP Sign Production Sharing Contract
CNOOC Limited said that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with BP for deepwater Block 54/11 in Pearl River Mouth Basin in the South China Sea. Block 54/11 is located in Pearl River Mouth Basin in the east part of the South China Sea. It covers a total area of 4,586 square kilometers with water depths of 370- 2,300 meters. According to the terms of the contract, all expenditures incurred during the exploration period will be borne by BP.
China Mega-Bridge Coatings Contract Awarded
COSCO Kansai Paint & Chemicals win the Hong Kong-Zhuhai-Macao Bridge Authority’s coatings contract for the 38-km long Pearl River estuary bridge. The vast bridge in the South China Sea will form a fixed crossing over the Pearl River Estuary between Zhuhai and Macau on the western side and Hong Kong on the eastern side. The 29.6km main section is in Zhuhai waters and comprises 22.8km of bridge work including three cablestayed bridges with spans ranging from 280m to 460m, viaducts spanning 75m and 110m, a 6km tunnel and two artificial islands.
BMT Achieves Strong Financial Results
BMT Group Ltd, the international design, engineering and risk management consultancy, announced today that it has achieved strong financial results, despite a difficult year for the global economy and the maritime industry in particular. A turnover of £142m provided the group with an underlying operating profit of £11m in the year to 30 September 2010, £5.8m of which has been distributed to the staff through the company’s profit share schemes. Comprising 23 subsidiary companies…
Hong Kong Passenger Ferry Fleet Complete
Austal is celebrating the completion of fourteen high speed passenger ferries for Hong Kong’s Venetian Marketing Services Limited (VMSL) following the successful, on-schedule delivery of the final four vessels. Recognizable for their exciting electric blue livery, each of the 155.8 ft aluminium CotaiJets are now in operation between Hong Kong and Macao, servicing the entertainment, gaming, convention and hotel facilities on The Cotai Strip. Combining speed, comfort and outstanding interior finishes, each vessel has the capacity to carry 413 passengers at a speed of 42 knots.
APL Introduce New Intra-Asia Service
APL introduce a new weekly service to enhance its network coverage in East Asia, with connections to APLs global network. The new Japan Thailand 2 (JT2) service is operated through a vessel sharing agreement with Hanjin Shipping with three vessels of 1700 TEU nominal capacity each. The new service port rotation is: Osaka Kobe - Hibiki Hakata Kaohsiung Chiwan Laem Chabang Hong Kong Kaohsiung Osaka. The first northbound sailing will begin on 21st December 2012 from Laem Chabang. The first southbound sailing will begin on 24th December 2012 from Osaka.
China Pearl River Estuary Oil Flows
CNOOC Limited announce that Panyu 4-2/5-1 & Liuhua 4-1 oil fields in the Pearl River Mouth Basin, South China Sea, start production. Panyu 4-2/5-1 oil field has an average water depth of about 100 meters and an adjustment project has been designed to share the existing facilities to develop this oil field more effectively, and it is expected to hit its peak production in 2014. The Company holds 75.5% interest and acts as the operator of Panyu 4-2/5-1 oil field; its other partner, Burlington Resources China holds the remaining 24.5% interest.
World Superyacht Award Winner 'Seriously' for Sale
Builders Feadship puts its World Superyacht award-winning 45m megayacht for sale at a reduced 29.8 million Euro price. From the moment of her launch Feadship had special plans for the 45-metre Helix. The world's leading luxury motoryacht builder knew that she would be ideal to showcase the Feadship lifestyle to new and potential clients across the Far East. Helix fulfilled this brief in spectacular fashion during 2012, receiving honoured guests onboard in China, Singapore, Indonesia and Thailand.
Unusually, Shipping Coalition Demands an ECA
A coalition of shipping companies wants the Pearl River Delta cleaned up and turned into a low emission zone. The call, from the Hong Kong Liner Shipping Association (HKLSA) and the Hong Kong Shipowners’ Association (HKSA) in conjunction with 17 shipping companies came along with a renewed, one-year pledge from the shipping companies to burn only low-sulfur fuels while berthed in Hong Kong, reports the China Daily. The coalition wants low sulfur emissions mandated by laws by January 2014.