News

News List

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.

Qatar, Iran Looking to Boost Shipping Ties

Qatar is interested in boosting trade relations with Iran and increasing shipping between the ports of Bushehr and Hamad, Iran’s Ports and Maritime Organization (PMO) informed.

Yang Ming the latest carrier to see its bottom line sink into the depths

Taiwanese ocean carrier Yang Ming has become the latest container line to report a heavy loss in the second quarter of the year, posting a net deficit of $129m.

Peak season sees freight rates more buoyant and carriers bullish on price hikes

Container freight rates on the major east-west deepsea trades are beginning to lift as the peak season begins and price hikes scheduled for next week make their presence felt in the market.

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.

Europe Aims to Make Shipping More Attractive for Women

European Transport Workers Federation (ETF) and the European Community Shipowners’ Associations (ECSA) have discussed possible solutions to increase women’s participation in the shipping industry in Europe.

Founder of CMA CGM Jacques Saadé Dies at 81

Jacques R. Saadé, the founder of the French shipping major CMA CGM, passed away on June 24, 2018 at the age of 81.

Burning Cargo Ship Anchored off Kolkata

Indian naval forces managed to drop an anchor from the ill-fated merchant vessel SSL Kolkata on June 16, only days after the ship caught fire off Sandheads, Kolkata.

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.

Panama Canal Ups Maximum Draft for Neopanamax Locks

The Panama Canal Authority (ACP) increased the maximum allowable draft for vessels transiting the Neopanamax locks on June 13.

Hamburg and Rotterdam lead the way in call for data sharing among ports

Two of Europe’s largest container gateways, Rotterdam and Hamburg, today revealed that they have been involved in ‘unprecedented levels of collaboration’.

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.

Ship Finance International Buys Four 14,000 TEU Boxships

Ship Finance International Limited has inked a deal to acquire four 14,000 TEU containerships in combination with long-term time-charters to an unrevealed container line.

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.

ECSA Supports Proposal for Adequate Port Reception Facilities

The European Community Shipowners’ Association (ECSA) has welcomed the recently published proposal for a new Directive on Port Reception Facilities as it addresses major issues with the current system in place.

India Relaxes Cabotage Law

Foreign-flagged ships will no longer need to obtain a license from India’s Director General of Shipping to engage in coastal shipping in the country.

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.

Piracy Attacks off East Africa Doubled in 2017

The number of piracy incidents doubled off the coast of East Africa in 2017 compared to 2016, according to the annual State of Piracy report released today by One Earth Future’s (OEF) Oceans Beyond Piracy program.

World’s Smallest Island Country Joins IMO

The International Maritime Organization (IMO) has welcomed a new member, the Republic of Nauru.

Entering a new era and Sailing a new Journey

COSCO SHIPPING Lines officially announces the Day Two Product, including confirmed port rotation for each service loop.

Italian Port Workers Launch Nation-Wide Strike

Workers across Italian ports launched a 24-hour strike on May 11, voicing their dissatisfaction over the lack of lashing legislation enforcement and poor safety in Italian ports.

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.

Maersk to Trial AI-powered Situational Awareness Technology

Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.

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.

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.

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.

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.

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.

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.

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.

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.

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”.

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.

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.

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.

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.

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.

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.