Marine link


Myanmar Scrambles to Clear Port Jam

Photo: Myanmar Industrial Port

 The weeks-long traffic jam of cargo ships at the Myanmar’sbiggest port threatens to scare potential investors away and choke off nascent economic growth, says a report in Reuters.   The bottleneck at the dilapidated port was caused by a spike in demand for goods as the opening up of the economy accelerates following a historic election win by Aung San Suu Kyi’s National League for Democracy (NLD) in November.   “Because of the general growth of the economy we are packed. The ships have nowhere to go,” said Ma Cherry Trivedi, managing director of Ayuroma International, an advisor to Myanmar Industrial Port (MIP), where congestion has been worst.   Its main port has changed little since the end of British colonial rule nearly 70 years ago – emblematic of ramshackle infrastructure that could hold back the foreign investment Suu Kyi needs to live up to sky-high expectations and remake a country impoverished by decades of junta rule.   The number of ships docking in Yangon has doubled over the past decade and the number of containers has jumped fourfold, data shows, clogging up inadequate storage space, overwhelming sclerotic logistics systems and delaying deliveries.   Industry sources said the holdup cost major shipping lines millions of dollars a week.  

Maersk Line Sees Little Impact on Customers' Cargo from Hanjin Collapse

File photo: Maersk Line

Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. P. Moller-Maersk, said on Friday in relation to the collapse of South Korea's Hanjin Shipping Co Ltd:   * Maersk Line expects minimal impact on its customers' cargo.   * Maersk Line on Aug. 30 instructed its global operations centres to not load any cargo onto Hanjin owned vessels.   * Says customers have cargo on board two of Hanjin's operated vessels, Maersk Sebarok and Maersk Senang

Atlantic Container Rates To Soar

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said

Maersk Ships Rice to Haiti for Free

Maersk Line, part of the Danish group A.P. Moller - Maersk, will provide free ocean freight for 147 containers (3,525 metric tons) of rice donated by the Government of Thailand to Haiti through the World Food Program. The rice will be split and shipped across four sailings, from Laem Chabang, Thailand to Caucedo, Dominican Republic, before being trucked into Haiti. The first shipment set sail on 15 March 2010, on Maersk Line vessel Maersk Kendal

New Members of NOAA’s Hydrographic Services Review Panel

NOAA Administrator Jane Lubchenco recently appointed nine new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving ocean and coastal navigation products, information, data and services.   “Optimizing the benefits of navigation services and products is a priority for the agency,” said Margaret Spring, chief of staff for NOAA and the agency’s representative to the Committee on the Marine

Maersk Mulls Quick Acquisitions

Photo: Maersk Line

 Danish shipping giant A.P. Moeller-Maersk A/S’s container altered its strategy this month by planning to expand its fleet through acquisition, breaking from its previous preference of building its own boats, reports Forbes.   Though, container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, Bloomber quoted as Jefferies International Ltd, saying.

Maersk Line Introduces Sustainable Container Floors


New Maersk Line procurement policy for container floorboards aims to reduce demand for illegally logged tropical hardwood Today, Maersk Line announced a new policy to refrain from purchasing containers with floors made of uncertified tropical hardwood. “Illegal logging is widely recognised as a serious threat to forests, people and wildlife. We feel obligated to use our purchasing power to push for higher standards and ensure that the timber we use for container floors come from

Maersk Container Line Leads in Reliability Says Report

Photo credit Maersk

A new research report confirms the Asia-Europe product 'Daily Maersk' continues to lead competitors in reliabiltiy ratings The report, a joint effort between ecommerce network provider INTTRA and container shipping analyst SeaIntel, examined the performance of the top 20 container lines in schedule reliability. In the past year, Maersk Line has been the No.1 carrier in eight of the months and No.2 for four. The report also highlights, among others

Maersk Buying Back Shares, Earnings Up

Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals. Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110-year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest. Maersk shares jumped 5 percent after the company reported better than expected quarterly

Odfjell Elects Klaus Nyborg Director of the Board

Klaus Nyborg (Photo: Odfjell)

Odfjell SE’s Extraordinary General Meeting, held December 9, 2015, supported the Nomination Committee's proposal and elected Klaus Nyborg as new director of the Board.   Nyborg, a Danish citizen, owns no shares in Odfjell SE and has no formal ties to major shareholders of the company, according to Odfjell.   Nyborg was recently Interim CEO of DS Norden AS from 2014-2015, where he has also been on the board since 2012, and chairman since 2015

Maersk Names Fourth Jack-up at DSME

Photo by Maersk

 Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea.   "Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was

Facing Criticism, Maersk Defends Its Shipbreaking Practices

Photo: © S Rahman / NGO Shipbreaking Platform

Shipping conglomerate A.P. Moller-Maersk said on Monday it was striving to improve workers' rights at shipbreaking yards it uses in India after criticisms of hazardous conditions. The Danish company also expressed regret that a ship it sold this year, the "North Sea Producer"

Maersk Line Returns to Iran

Photo: Maersk Line

 The latest country included in the Maersk Line organization is part of the UAE cluster comprising of UAE, Oman, Qatar and Iran. Christian Juul-Nyholm, Managing Director, UAE Cluster, is upbeat about this development.    He says

Maersk Maintains Beaching Mantra, Ignores Danwatch Views

Photo C S Rahman NGO Shipbreaking Platform

After investigative journalists have revealed the severe short-comings of Maersk’s shipbreaking practices in Alang, India, the shipping giant blatantly disregards the findings. In an official statement, Maersk defends its new practice of breaking ships on Indian beaches with tooth and nail

Moody's Threatens Downgrade of Maersk

Photo: Maersk Group

 Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade

Maersk Line Orders 14,800 New Reefer Containers

File photo: Maersk Line

Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years.   Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015.  

Container Shippers Raided in S.Africa over Suspected Collusion

File photo: Maersk Line

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said.   The development comes as global container lines struggle in

Maersk Line Implements BigOceanData Vessel Tracking

Photo: Maersk Line

BigOceanData and Maersk Line have entered into a two-year agreement whereby BigOceanData will deliver vessel tracking services to Maersk Line. The initial system went live on August 1, 2016 and is already in use in operation centers around the world on both desktop and mobile devices

Maersk Not Interested in Hanjin, Hyundai

Photo: Maersk Line

 There has been reports that Danish conglomerate A.P. Møller-Mærsk A/S , the world’s No. 1 shipping company, could seek to take over Hanjin Shipping Co. and Hyundai Merchant Marine Co.   However, WSJ, quoting sources says that Maersk Line isn’t likely to move

Maersk Supply Service Names Karstensen CEO

Steen S. Karstensen (Photo: Maersk)

Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24.   Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen

Concor Consortium to Bid for Colombo Container Terminal

Photo:  Colombo International Container Terminals Ltd

 Container Corporation of India (Concor) has  formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo, reports Hindu Business Line.  

Hanjin Wants to Sell to Maersk

Photo: Hanjin Shipping

 The Seoul Central District Court  has approved a divestment of Hanjin Shipping's Asia-US network and the bankrupt carrier has encouraged Maersk Line to bid on the assets, according to The Korea Economic Daily.   It was reported that the ailing Korean shipping company recently

Maersk Bullish on India

Photo: Maersk Line

 BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per cent in the same period last year  was "led by India", reports Times of India quoting Maersk Line sources.  

Cosco Raises $1.8bln Capital

Photo: COSCO

 China’s COSCO Shipping Development Co Ltd  announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company, to raise up to 12 billion yuan ($1.79 billion), reports China Daily.  

MOL to Launch Biannual Vessel Safety Campaign

Photo: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines, Ltd. (MOL) has announced the launch of its biannual safety campaign to begin on October 15, targeting all MOL group-operated vessels.   MOL views safe operation as a social commitment and gives it the highest of priorities in all of its business activities

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