Yang Ming Marine Transport Upgrade China-Indonesia Service
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will serve customers not only from Central & South China to/from Jakarta & Surabaya but also provide direct service from Davao to Kaohsiung & China.The CTI service will make a round voyage in 28 days. The rotation of ports of call are: Shanghai–Ningbo–Shekou–Jakarta–Surabaya–Davao–Kaohsiung– Shanghai.
Shipping Losses Continue to Fall
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year, the second lowest number in a decade.“Insurance claims have been relatively benign, reflecting improved ship design and the positive effects of risk management policy and safety regulation over time,” says Baptiste Ossena, Global Product Leader Hull & Marine Liabilities…
Plans Emerge for Strategic Indian Ocean Naval Port
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister Narendra Modi to discuss, among other issues, developing infrastructure and an economic zone at Sabang, on the tip of Sumatra island and at the mouth of the Malacca Strait, one of the busiest shipping channels for global trade.
First Magenta-Color ONE Ship Makes a Call in China
Ocean Network Express (ONE) has announced that the ONE Commitment, the company’s first magenta-color containership with a carrying capacity of 8,560 TEU, successfully arrived at the Yantian International Container Terminals (YICT) on 24 May 2018. Operated on THE Alliance’s Asia to North America PN2 service, the ONE Commitment is painted with an unmissable magenta as its brand colour which reflects the energetic, innovative and confident perception to customers. ONE Commitment started her maiden voyage from Singapore on 15 May 2018 and has already called at Laem Chabang…
Phoenix Petroleum, CNOOC Partner for LNG Terminal
Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines is seeking investors to build a storage and distribution facility for imported LNG as it moves to replace its Malampaya gas reserves, expected to be depleted by 2024.Phoenix Petroleum, owned by a local businessman who helped bankroll President Rodrigo Duterte's 2016 election campaign…
Philippines-Indonesia Shipping Route Soon
The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade relations between the two neighboring countries, reported Manila Times. The maiden voyage scheduled on April 28 will originate from Davao City, the hometown of Philippines President Rodrigo Duterte. Agricultural products will be among the first batches of cargo to be transported on the new shipping route, the trade department said.
Illogical Port Choices by Liner Alliances
In a ground-breaking analysis Drewry has examined the correlation between carrier terminal ownership and the choice of port calls by the 2M and upcoming Ocean and THE liner alliances. The results show that the choice of port call is often not in line with carrier terminal ownership interests, according to the recently launched Ports and Terminals Insight report published by global shipping consultancy Drewry. Drewry analysed the relationship between i) the extent of interests in terminals that carriers have in ports in a selection of gateway and transhipment port markets…
HMM New Service in North China, Korea and Russia
Hyundai Merchant Marine (HMM) announces the launch of a new North China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’. The CRN service covers the ports of ‘Qingdao-Shanhai-Ningbo-Pusan-Vladivostok-Vostochny-Pusan-Qingdao’ and will begin on March 31. HMM will deploy one container ship on the route, and FESCO will place two vessels on the route. HMM has been offering CRS (China Russia South Service) services on South China-Middle China-Korea-Russia in cooperation with FESCO and CMA-CGM.
Full Ahead: New Generation of Carrier Alliances
Full ahead: new generation of carrier alliances and slot/vessel sharing arrangements; SM’s (Bullet) Line; FWE for Hanjin. On April 1, 2017, the new generation of carrier alliances became reality. In the run up to April 1 there was a flurry of activity with ocean carriers entering into arrangements with other carriers in competing alliances and with other carriers not signatory to any of the alliances. The 2M Alliance is an existing alliance made up of Maersk Line and Mediterranean Shipping Company (MSC).
APM Terminals to Divest Zeebrugge Stake
APM Terminals and Hong Kong-based COSCO SHIPPING Ports, a subsidiary of China COSCO Shipping Corporation, have reached an agreement on the key terms of the proposed sale of APM Terminals’ 76% majority shareholding in the existing APM Terminals Zeebrugge container terminal to COSCO SHIPPING Ports. The acquisition will bring COSCO SHIPPING Ports’ shareholding in the 1 million TEU annual capacity terminal in Belgium’s second-busiest container port to 100%. As part of the transaction…
Kalmar, K-Motion Heading to China
Kalmar, part of Cargotec, has received the first order of Gloria reachstacker with K-Motion Technology from Kunming Tianfu Logistics Co. Ltd. in China. The order was booked into Cargotec's 2017 third quarter order intake with delivery scheduled on September 2017. Kunming Tianfu Logistics Co., Ltd. is a well-known logistics company in the Yunnan Province, specialising in logistics and transportation services to large corporations within the region. The new equipment will join a fleet of four existing Kalmar reachstackers to support the company's growth in railway transport business. Mr.
APL Adds New Korea China Straits Service
APL has launched a new Korea China Straits (KCS) service to serve the Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia; offer transit between Indonesia and Manila; and call Lianyungang in Jiangsu where few carriers provide access to. APL said the KCS service will reinforce its footprint in Intra-Asia and injects new capacity that allows APL to transport shipments from North Asia to its network of ports across Southeast Asia.
China Unveils Huge Island Building Vessel
China has has unveiled a massive island-building vessel, which has been called “a magic island-maker” by its designer and is considered the most powerful vessel of its type in Asia, the state media reported. Named Tian Kun Hao, the ship is reported to have a deck the size of nine basketball courts and be capable of dredging up to 6,000 cubic meters an hour and digging as deep as 35 meters under the sea floor. The ship, capable of building artificial islands of the sort the country has constructed in the contested South China Sea…
Ocean Alliance Launches Day Two Product
The Ocean Alliance has launched its new Day Two Product with an estimated 3.6 million TEU carrying capacity provided by approximately 340 containerships deployed on 41 services. The new offering will commence in April 2018. Alliance partners CMA CGM, COSCO, Evergreen and OOCL will offer 20 Transpacific services, six Asia-Europe services, four Asia-Mediterranean services, four Transatlantic services, five Asia-Middle East services and two Asia-Red Sea services. “Ocean Alliance…
CMA CGM to Resume CIMEX 9 Service
CMA CGM has resumed the CIMEX 9 service, integrating this third service connecting Asia with Iran to provide enhanced coverage in the region. The service will commence December 16 in Kaohsiung and December 19 in Shanghai WGQ with m/v Basht voy. The service will offer a transit time of 19 days from Shanghai to Bandar Abbas, and 17 days from Ningbo to Bandar Abbas.
Two Missing after Ship Sinks in South China Sea
The Maritime and Port Authority of Singapore (MPA) said that a ship sank in South China Sea on Friday, 11 out of 13 crew were rescued and two remained missing. According to the survivors, there were 13 crew on board the sunken vessel. Two persons are still unaccounted for. MPA has been providing navigational broadcasts to vessels in the vicinity to report any sightings of persons overboard and to navigate with caution in the vicinity of the incident. The Republic of Singapore…
Piracy, Armed Robbery in Asia Drop in January: ReCAAP
A total of seven incidents of piracy and armed robbery against ships were reported in Asia - five actual incidents and two attempted incidents - in January 2018, compared to 16 incidents reported in December 2017, according to regional piracy watchdog ReCAAP ISC. Out of the seven reported, five were actual and two were attempted incidents. One of these was a piracy incident and six were armed robberies against ships. Five incidents occurred on board ships while at anchor/berth…
APL adds QEX Service to Asia–Latin America Network
APL announced the launch of the Quetzal Express (QEX) service, a new weekly service that directly connects the key markets of China, Mexico and West Coast South America. The QEX service promises the industry’s fastest transit time of 22 days from South China to Mexico. It is also the only service that offers a direct connection from Taiwan, Central and South China to Puerto, Quetzal and Guayaquil. Together with the Condor Express (CDX), Falcon Express (FCX) and Caracara Express (CRX) services that APL recently introduced…
COSCO Shipping Ports More than Doubled Profit in 2017
Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits. The subsidiary and listed company of China COSCO owned by COSCO Group said that its profit reached USD 512.4 million in 2017, representing an increase of 107.4 pct compared with 2016 when the profit stood at USD 247 million. The firm's full year revenue rose 14% to US$634.7 million. Benefitting from the economic recovery and with growth fueled by its acquisitions…
APL Enhances Asia–Latin America Network
APL, ocean carriers, providing world-class container shipping and terminal services, has announced the launch of the Quetzal Express (QEX) service, a new weekly service that directly connects the key markets of China, Mexico and West Coast South America. APL, part of the CMA CGM said that the QEX service promises the industry’s fastest transit time of 22 days from South China to Mexico. It is also the only service that offers a direct connection from Taiwan, Central and South China to Puerto, Quetzal and Guayaquil.
APL launches China Bangkok Express Service
APL announced the launch of the China Bangkok Express (CBX) service, a new shortsea service that directly links South China and Thailand each week. APL said the CBX service promises the industry’s fastest connection from Nansha to Bangkok in four days. Also designed to transport special cargo, this service offers reefer and breakbulk solutions to facilitate these shipments. Shippers with cargo that are destined beyond Asia may also tap onto APL's global services network at the trans-shipment hubs of Hong Kong and Chiwan in South China for further connectivity.
U.S., China Stumble into the Thucydides Trap: Kemp
The United States and China have fired the opening shots in a trade war that may be hard to stop. Washington has published a target list of 1,300 items imported from China worth an estimated $50 billion that would be hit with an extra tariff of 25 percent (“Notice of determination”, USTR, April 3). Beijing has responded with a target list of 106 items imported from the United States worth a similar amount that would be hit by the same ad valorem tariff (“China retaliates for U.S. tariffs”, Reuters, April 4).
APL Rolls out China Bangkok Express Service
APL has announced the launch of the China Bangkok Express (CBX) service, a new shortsea service that directly links South China and Thailand each week. Characterised by competitive transit times, the CBX service promises the industry’s fastest connection from Nansha to Bangkok in four days. Also designed to transport special cargo, this service offers reefer and breakbulk solutions to facilitate these shipments. Shippers with cargo that are destined beyond Asia may also tap onto…
APL Adds Port Calls to CP1 Service
APL announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines. Besides expecting an improved connectivity between China and the Philippines…
APL Adds Port Calls to CP1 Service
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines.
Tanker Rescues Castaway in South China Sea
Mitsui O.S.K. Lines, Ltd. announced that on April 14, 2018, the MOL-operated/managed crude oil tanker Altair Trader rescued a castaway in the South China Sea.At 19:10 local time on April 14, while underway in the South China Sea toward the port of Kawasaki, Japan, the Altair Trader noticed a light on the sea surface ahead the starboard and spotted a castaway.The vessel immediately turned around and started rescue operations, and by 20:28 the same day, the survivor was safely rescued.At 22:30 on April 15…