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CMA CGM Grows Its Logistics Presence

French liner company CMA CGM has reached an agreement to acquire an equity stake of nearly 25 percent in CEVA Logistics AG (CEVA), a global player in the logistics sector.

CMA CGM to Operate Lekki Port’s Container Terminal

French container shipping giant CMA CGM and Lekki Port LFTZ Enterprise have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal.

DFDS Expands in the Med with Turkish Freight Operator

Danish shipping and logistics company DFDS has signed an agreement to acquire 98.8% of Turkey’s largest operator of freight shipping routes, U.N. Ro-Ro.

Brokers: Zodiac Maritime Tied to Five 14,000 TEU Ships at HHI

London-based Zodiac Maritime has beefed up its orderbook with five ultra large containerships, according to the data from Fearnleys.

Ocean Alliance Day Two Product Gets Underway

Ocean Alliance Day Two Product, the evolved service offering of the Ocean Alliance, has been launched.

Maersk Expands Online Platform Service Scope

Maersk Line takes further steps towards simplifying the supply chains of its customers by expanding the service scope on its online platform ship.maerskline.com to cover more major trades and addressing customers'pain points.

South Korea Reveals 200-Strong Fleet Renewal Plan

As part of its determination to revive its ailing shipping industry, South Korea has revealed an ambitious investment plan that will see the construction of about 200 ships in the next three years.

NYK, Oyak to Build Car Terminal in Turkey

Japanese shipping company Nippon Yusen Kaisha (NYK) has joined forces with Turkish conglomerate Oyak to build and operate a finished-car logistics terminal in Yarimca port near Istanbul.

THREE IN ''ONE'': JAPANESE OCEAN NETWORK EXPRESS HAS STARTED OPERATING

On the 1st of April 2018, the container shipping business of Japanese liner shipping companies K Line, MOL and NYK has officially started to operate under Ocean Network Express (ONE) which is a major new global container shipping company.

ALIBABA EXTENDS PARTNERSHIP WITH KN TO COVER CROSS-BORDER B2B SHIPMENTS

Kuehne + Nagel this morning signed an agreement with the world’s largest e-commerce platform, Alibaba, to cover B2B volumes.

CYBER ATTACK VICTIMS MAERSK AND TNT FIND WAYS TO KEEP CUSTOMERS' CARGO MOVING

Maersk, APM Terminals and TNT are working hard to get their operations back on track as they enter the third day of the Petya cyber attack.

MAERSK STILL FEELING EFFECTS OF CYBER ATTACK

Maersk is to conduct a “full post-mortem” on last month’s Petya cyber attack that crashed its global computer information systems. It said today enquiries would begin “once our service has returned to more normal conditions”.

SOFT ASIA-EUROPE SPOT RATES WILL HARDEN AS PEAK SEASON APPROACHES

There was evidence this week of continued softer Asia-North Europe freight rates just ahead of the peak season. Container spot rates on the route have been ticking down for a number of weeks, and yesterday CMA CGM published new FAK (freight all kinds) rates, valid from 1 August. At $1,150 per 20ft and $2,200 per 40ft are $100 per container lower than its current FAKs.

ULCVS TO ALMOST DOUBLE CAPACITY SHARE ON ASIA-NORTH EUROPE BY 2018

Additional phasing in of ultra-large container vessels (ULCV)– with a nominal capacity in excess of 18,000 TEU-on the Asia to North Europe trade lane could double their capacity share on the trade by next year, market intelligence provider in the container shipping industry SeaIntel says. There are 58 ultra-large vessels currently in operation, with 47 to be delivered – predominantly in 2017, and 2018.

COSCO ACQUISITION OF OOCL STILL FACES “A DEGREE OF UNCERTAINTY”

Cosco Shipping Holdings resumed trading on the Shanghai Stock Exchange (SSE) today, more than two months after its shares were suspended on the bourse. The move brings an end to speculation that Cosco had another carrier target on its radar, after it announced plans to scoop up OOIL’s OOCL earlier this month.

CONTAINER SPOT RATES ON THE RISE, FROM ASIA TO THE US, AND ASIA TO EUROPE

Container spot rates from Asia to the US, and Asia to Europe were given a lift this week ahead of August GRI and FAK increases. The increase was most notable on the transpacific where the Shanghai Containerized Freight Index (SCFI) components for the US west coast and the US east coast leapt 37.6% and 20.2% respectively, to $1,687 and $2,685 per 40ft.

MOL DELIVERS STRONGER QUARTER, RAISES OUTLOOK

Japan’s shipping firm Mitsui O.S.K. Lines (MOL) is expecting an improvement in its earnings for the current fiscal year, as it witnessed a stronger first quarter.

CMA CGM WILL LAUNCH NEW SERVICE LINKING BLACK SEA TO MOROCCO AND ALGERIA

Container carrier CMA CGM will launch a new direct service later this month linking the Black Sea to Algeria and Morocco, in line with the carrier’s strategy of developing short sea lines in the Mediterranean and Black Sea.

TOP CARRIERS MORE RELIABLE IN Q2

Global schedule reliability improved 2.3 percentage points to 74.6% in the second quarter of 2017, from 72.3% in reported in the previous quarter, according to market intelligence provider SeaIntel informed.

CMA CGM ULCV ORDER COULD SEND RIPPLES ACROSS TRADELANES AS RATES STRENGTHEN

CMA CGM’s potential order of up to nine 22,000 teu ultra-large container vessels (ULCVs) is sending a message to the liner industry that the freight rate war that led to the bankruptcy of Hanjin Shipping is far from over.

EU TRADE AGREEMENT CREATES HEALTHY TAILWIND FOR JAPAN'S ONE GROUP

It´s hard to imagine any better news for ONE, the new Japanese liner giant, than the new trade agreement that recently was signed between Japan and the EU. During times filled of rhetoric trade protectionism the two parties mustered an impressive agreement that could annually increase the EU export by 34% and Japan´s by 29%! Whilst of course impossible to gauge the ratio between services and products as well as modal split this is a much-welcomed sign of additional trade volume that certainly will manifest itself also in containers.

HONG KONG SECURES ITS SHIPPING HUB STATUS WITH NOD TO VESSEL-SHARING AGREEMENTS

The Hong Kong Competition Commission has issued a five-year block exemption order for liner shipping vessel-sharing agreements (VSAs). However, it declined to issue a similar exemption for vessel-discussion agreements (VDAs). The order, announced on Tuesday, follows two years of legal uncertainty for shipping lines after the city’s Competition Ordinance came into effect in 2015.

MERDAN ERDOĞAN APPOINTED CEO OF WWW.CNTRACKING.COM

Since 2015 cntracking.com has successfully developed the quality of its container tracking services and increased the number of users over 160 countries.

WE HEREBY SINCERELY INVITE YOU TO VISIT OUR BOOTH AT 86TH IZMIR INTERNATIONAL FAIR

We hereby sincerely invite you to visit our booth at 86th Izmir International Fair from Aug 20th to 25th 2017. Our Booth No: Hall 2 No 247 Izmir International Fair, Izmir/Turkey

DREWRY: ASIA-SOUTHERN AFRICA RATES AT 7-YEAR HIGH

The Asia to Southern Africa market has witnessed a significant growth as spot rates reached their highest in seven years, according to shipping consultancy Drewry.

OOCL CELEBRATES ARRIVAL OF SISTER TO THE WORLD'S BIGGEST CONTAINERSHIP

Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) christened today another 21,413 TEU boxship, the OOCL Germany, at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea. The newbuilding is the second of the company’s six 21,000+ TEU class vessels on order at the shipyard.

MILAHA HAS ANNOUNCED THE LAUNCH OF THE FIRST DIRECT REEFER SERVICE BETWEEN QATAR AND TURKEY.

Over the past few weeks, Milaha had arranged two ad hoc voyages of reefer vessels from Turkey to Qatar; however, the company has moved to regularize the service, with departures every 20-25 days between Hamad Port and Port of Izmir, with a short transit time of 11 days.

CNTRACKING WAS AT THE 86TH IZMIR INTERNATIONAL FAIR

The 86th Izmir International Fair was held on August 18-27. The fair theme ,which made the closing on Sunday, August 27th, was the Innovation and Energy. While Muğla provience was choosen as honor guest, Russia became partner country of the fair.

CARRIERS PREPARE FOR THE SLACK SEASON BY BLANKING ASIA-EUROPE SAILINGS

The Ocean Alliance is to cancel four Asia-Europe voyages early next month – two North Europe loops and two Mediterranean loops – as the peak season ends. The lines concerned, OOCL, CMA CGM, Cosco and Evergreen, said the blanked sailings were in response to “expected weak demand” after the China National Day “Golden Week” holiday from 1-8 October. So far, the 2M and THE Alliance members have not announced similar moves, but it is anticipated that they will follow suite shortly. After what looks like being one of the best peak seasons for several years the carriers want to protect as much of of their rate gains as possible.

SASAC GIVES GREEN LIGHT TO COSCO-OOCL DEAL

China’s State‑owned Assets Supervision and Administration Commission (SASAC) has approved the bid from COSCO Shipping Holdings Co to take over Orient Overseas (International) Limited.

MAERSK CREDIT RATING DOWNGRADE THREATS ARE A RED HERRING, ARGUES FINANCIAL ANALYST

According to one research investor analyst a potential downgrading of A P Moller Maersk’s credit rating is an overreaction to a perceived worsening of container industry fundamentals. On 23 August Standard & Poor’s announced that it was placing its BBB rating of Maersk on CreditWatch negative following the Danish firm’s proposed $7.45bn sale of its oil and gas subsidiary to Total.

MORE RATE SLIPPAGE ON EAST-WEST TRADES AS CARRIERS PREPARE FOR SLACK SEASON

Asia-North Europe container spot rates are under pressure again and there is evidence that carriers are preparing to cut FAK rates as the slack season looms.

SECOND HAND CONTAINERSHIP SALES AT RECORD LEVEL

The volume of secondhand containership sales reported in the first eight months of 2017 totalled 0.75 million TEU, exceeding the previous annual record level of 0.64 million TEU set in 2015. According to Clarksons Research, a new monthly record was set in March 2017 which witnessed some 40% of the full year 2016 sales capacity total.

SHIPPING IN CHANGING CLIMATES

The shipping industry must cut greenhouse gas (GHG) emissions by at least 50% by 2050, according to a research effort ‘Shipping in Changing Climates’. Rising trade and demand means this will require substantial efficiency improvements in the average ship, which will have to reduce in carbon intensity some 60-90% by mid century, the research showed.

SEAINTEL: Q2 RESULTS PAINT A BETTER PICTURE FOR CONTAINER CARRIERS

Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016.

LATEST ULCV ORDERS THE START OF A SLIPPERY SLOPE TO NEW OVERCAPACITY GLUT?

Analysts have raised concerns over another bout of overcapacity, following the latest orders for ULCVs, by CMA CGM and MSC. These orders are on top of the expected delivery over the next two years of 21 ULCVs for Cosco and 11 for Evergreen.

MSC TURNS TO DSME FOR 22,000 TEU MEGASHIPS

Swiss-based Mediterranean Shipping Company (MSC) has opted for South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) to construct eleven 22,000 TEU containerships for the company.

SEAINTEL: CASCADING OF LARGER SHIPS HURTING ASIA-ECSA RATES

Cascading of larger ships into the Asia-East Coast of South America (ECSA) trade lane has seen spot rates drop from 3,800 USD/TEU to 2,200 USD/TEU in just 11 weeks, data from SeaIntel shows.

THE SCFI RECORDED A FALL OF 4.6 PERCENT FOR ASIA- NORTH EUROPE SPOT RATES.

The Shanghai Containerized Freight Index (SCFI) slumped a further 5% this week to a composite rate of $735.91 per teu as spot rates surprisingly came under pressure ahead of the Chinese Golden Week holiday.

HAPAG-LLOYD FLEET 'NOW COMPLETE' AS LATEST UASC NEWBUILD ULCV IS DELIVERED

Hapag-Lloyd has taken delivery of the last of 17 ULCVs ordered by UASC in 2013 as “some of the greenest and largest container vessels in the world”.

NORWAY SETS UP SECOND TEST AREA FOR UNMANNED SHIPS

Norway has taken a further step in the field of autonomous vessels as it reached an agreement to establish a test area for such ships in the Sunnmøre region, according to the Norwegian Maritime Authority.

EUROSEAS, POSEIDON EYE MERGER OF CONTAINER FLEETS

Greek shipowner Euroseas has signed a non-binding letter of intent with Poseidon Container Holdings Group, an owner and operator container carriers, to consider a possible combination of their respective containership fleets.

PANAMA CANAL AUTHORITY TO ALLOW BOOKING SLOT SWAPS AMONG ALLIANCE MEMBERS

The Panama Canal Authority has announced that it will start allowing the swapping and substitution of booking slots between vessels belonging to the same shipping alliance.

ARE CHINESE BANKS NEW SOURCE OF CAPITAL FOR SHIPPING?

Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry.

CMA CGM TO INCREASE ITS SOUTH PACIFIC FOOTPRINT WITH ACQUISITION OF SOFRANA UNILINES

CMA CGM has reached an agreement to acquire South Pacific container line Sofrana Unilines.

CONTAINER RATES STILL ON THE SLIDE AS ASIA-EUROPE PEAK SEASON 'FIZZLES OUT'

Container freight rates on eight major tradelanes fell by 1.9% this week to $1,292 per 40ft, and have now shed $299 in the past two months.

CMA CGM: INDIAN SUB-CONTINENT SERVICE ENHANCEMENT

To better respond to our customers’ needs in the dynamic East Africa market, CMA CGM will upgrade and broaden its service offering connecting India and Middle East Gulf to East Africa.

STORM WREAKS HAVOC IN PORT OF DURBAN - CONTAINER SHIP BLOCKED PORT

A large MSC containership to broke free from its moorings Tuesday at the port of Durban, South Africa as a powerful storm swept through the area, blowing the ship across the harbor before blocking the entrance to the port.

RUSSIA SETTING UP DIRECT SHIPPING LINE TO SYRIA

MOSCOW, Oct 10 (Reuters) – Russia is setting up a direct shipping line to Syria and wants its companies to help build an economic recovery in the war-torn Middle Eastern country, the TASS news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Tuesday.

GLOOMY OUTLOOK FOR LINER SHIPPING AS CONTAINER RATES CONTINUE TO SLIDE

Container spot rates from Asia to North Europe slumped below $700 per teu this week, losing a further 3.9% in value.

2020 SULPHUR CAP: MAERSK IS NOT ON THE SCRUBBER TEAM

The IMO’s 0.5 sulfur cap on marine fuel set to enter into force in 2020 has caused numerous headaches to shipowners as they start to prepare for compliance of their fleets with the new regulations.

PANAMA CANAL ENDS FY17 WITH RECORD ANNUAL CARGO TONNAGE

The Panama Canal welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in fiscal year 2017, the largest amount of annual tonnage ever transited in its 103-year history.

ROTTERDAM’S BOX VOLUMES CONTINUE GROWING

Container volumes at the Dutch port of Rotterdam continued rising with an increase of 10.1 percent during the first nine months of 2017.

WORLD’S FIRST FLOATING WIND FARM OPENS UP OFF SCOTLAND

The first offshore wind farm to use floating wind turbines has started producing power for the Scottish energy grid in what could be the start of offshore wind’s push into deeper and more favorable waters for renewable energy production.

HAMBURG PORT BECOMES MAIN ULCV STOP WITH NEW CRANES

The Port of Hamburg has seen a steep rise of ultra large container vessels (ULCVs) visiting the port over the past two years.

APL LAUNCHES NEW KOREA CHINA STRAITS SERVICE

APL has launched a new Korea China Straits (KCS) service that will serve the key Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines.

QATARI VESSELS HAVE BANNED FROM SUEZ CANAL PORTS

Egypt has banned all Qatari vessels from entering the Suez Canal Economic Zone in line with the country’s decision to ban Qatari ships from Egyptian ports in the aftermath of the severing of ties with Qatar.

UNCTAD: CONSOLIDATION IN CONTAINER SHIPPING MAY LEAD TO OLIGOPOLY

Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport.

MCKINSEY SAYS CONTAINER SHIPPING SHOULD DIGITIZE

Analyst McKinsey & Company have imagined the future of container shipping 50 years from now and advised companies to digitize their operations to take advantage of digital technologies, big data, the Internet of Things.

MAERSK LINE DIGITALIZATION IS A MUST IF YOU WANT TO SURVIVE

The rise of digitalization, the Internet, cloud computing and E-commerce is starting to revolutionize the trading patterns, emerging as the true engine of the future growth of world trade.

MSC ORDERS 11 NEW 22,000-TEU VESSELS

The latest news that ocean carrier Mediterranean Shipping Co. (MSC) will sign contracts for as many as 11 newbuild ultra-large containerships comes on the heels of rival CMA CGM confirming an order for up to nine containerships of 22,000 TEUs.

ONE CARRIER IN PARTICULAR HAS ABSORBED HANJIN'S VESSELS

Collapsed South Korean carrier Hanjin controlled a fleet of 102 container vessels, which have since been absorbed by other carriers. One carrier in particular has taken over a third of Hanjin's former capacity, writes Alphaliner.

OIL TRADERS SET SIGHTS ON HIGH SEAS AS DIESEL RENAISSANCE IS BORN

It was only two years ago that the world’s biggest oil market was awash with diesel and profits from making the fuel cratered. Now the refined product is getting a new lease of life, and more demand is poised to emerge from the sea.

BRITISH CONTAINERSHIP LOSES 42 CONTAINERS OVERBOARD OFF JAPAN

The UK Marine Accident Investigation Branch has launched an investigation into the loss of dozens of containers from a British containership off Japan.

WWEA AND IWSA WILL JOINTLY PROMOTE WIND TECHNOLOGY IN SHIPPING

The World Wind Energy Association (WWEA) and the International Windship Association (IWSA) have joined forces to further promote the uptake of wind technology by the global shipping fleet.

COSCO SHIPPING PORTS TO BUILD FREIGHT STATION AT KHALIFA PORT

Abu Dhabi Ports and Cosco Shipping Ports Limited (CSP) and Abu Dhabi Ports broke ground for the  construction of a new container terminal at Khalifa Port during a high-profile event on Sunday, reported WAM.