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.
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.
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.
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 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.
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.
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.
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.
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