PIL & IBM attempt to create an electronic bill of landing
Pacific International Lines (Pte) Ltd (“PIL”), Singapore’s leading containership operator, collaborates with IBM Singapore (“IBM”) in another blockchain trial to design and create an electronic bill of lading which will significantly enhance the documentation process in supply chain management.
Shippers Get More Dissatisfied with Carriers’ Service Quality
The level of customers’ satisfaction with the service quality of container shipping companies has dropped since 2016, according to the shipper satisfaction survey conducted by Drewry and the European Shippers’ Council (ESC).
Maersk Line to Comply with U.S Sanctions on Iran
Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA), and re-impose Sanctions on Iran following a wind down period.
8 Crew Evacuated from Sinking Turkish Freighter off Croatia
Eight crew members of Turkish cargo ship Haksa have been evacuated after the freighter started sinking while underway in the Adriatic Sea, around 16 nautical miles off Croatia’s Jabuka Island, the Ministry of the Sea, Transport and Infrastructure of the Republic of Croatia said on Sunday.
Shipping’s Decarbonization Will Need Major R&D Investment
Following a lengthy process, the International Maritime Organization’s (IMO) member states finally agreed in April to require international shipping to decarbonize and at least halve its greenhouse gas emissions by 2050.
Port of Rotterdam Wants to Be the Smartest
Ports are major hubs in the supply chain. In Rotterdam, Europe’s largest port, countless proceedings are happening every day. In the optimal supply chain, each link seamlessly connects to the next. That is why the Port of Rotterdam is looking into new developments to make the port services more efficient.
Indonesia, India Plan to Develop Strategic Indian Ocean 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.
Kalmar, Yara Team Up on World’s 1st Fully-Digitalized Cargo Solution for Yara Birkeland
Kalmar and Yara have entered into an agreement in which Kalmar will deliver fully autonomous equipment, software and services for a fully digitalized container handling solution at Yara’s Porsgrunn facility in Norway.
NGO Shipbreaking Platform- 152 Ships Broken Up on South Asia’s Beaches in First Quarter of 2018
Of the 206 ships dismantled worldwide up in in the first quarter of 2018, a total 152 ships ended up on beaches in South Asia, according to a quarterly report from the NGO Shipbreaking Platform.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
- Fire-Ravaged Maersk Honam Reaches Gulf of Oman
- EU is One More Step Closer to Trade Agreements with Japan and Singapore
- Hapag-Lloyd Makes First-Ever Call at Prince Rupert Port in Canada
- KfW to Back Responsible Ship Recycling
- ReCAAP Warns of Abu Sayyaf Kidnapping Threat in Malaysia
- Panama Canal to Raise Maximum Draft for Neopanamax Locks
- SeaIntel: Shortage of Feeders by End of 2020
- COSCO Shipping Dismisses Another Dormant Business
- In Depth- Container Efficiency Through Cooperation
- Haiphong Container Terminal Opens for Business
- COSCO Gets Nod for OOCL Takeover in the Nick of Time
- CMA CGM FAK rates changes from North Europe and Mediterranean to the Pacific Islands
- Yang Ming Seals Charter for 10 Boxship Newbuilds
- Digital Logistics: From Trend to Norm
- China’s COSCO Shipping wins U.S. security clearance for OOIL deal.
- Hapag-Lloyd Dismisses CMA CGM Merger Reports
- CMA CGM Extends Charter for Diana Containerships’ Unit
- Green light for CMA CGM $380m investment in Ceva Logistics
- Forwarders braced for impact on trade in China retaliation to latest Trump tariffs
- Drewry, Ascent of the Charter Market Is Over
- Yilport Makes a Bid for Italian Box Terminal Concession
- Trade war sparks more capacity cuts on transpacific container trades
- Maersk Line, MSC Team Up with ZIM
- 'Overcapacity not trade wars to blame for falling demand on Asia-US east coast'
- COSCO Shipping Lines Falls Victim to Cyber Attack
- COSCO Takes Majority Stake in OOCL