Container Shipping Service
Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20. “Intra-Asia is already the world’s single largest container trade,” Jason Wong, Vice President of APL’s Intra Asia trade, told the 8th ASEAN Ports & Shipping Conference. “This will continue over the long term as Asian consumer markets develop.” By 2015, Intra Asia will contribute 32% of global containerised trade, with the Asia-U.S. and Asia-Europe trades 17% and 18% respectively, according to analyst Global Insight. Wong said that along with China and India, South East Asian economies such as Vietnam and Indonesia had shown resilience to the global crisis and had continued to grow in 2010. More transportation services will be required to support the growth of freight moving within Asia, according to Wong, who identified North Asia to South East Asia as a high potential trade. To serve this market, he said, APL launched the Japan Thailand Vietnam and Korea China Straits services in 2009. Wong said freight infrastructure development must be a top priority across Asia to optimise trade flows and maximise economic growth.
As Britain’s new hub port celebrates its first birthday DP World London Gateway has expanded its network of shipping links and destinations, attracting a series of new deep-sea container shipping services. Mediterranean Shipping Company (MSC) has confirmed that from next month (December), its service from South Africa to UK/Northwest Europe will make a direct London Gateway call, switching from the Port of Felixstowe
Port of New Orleans sees record container volumes in 2014 The Port of New Orleans achieved record container volumes in 2014 thanks in part to the addition of new shipping services and an uptick in the national economy contributed. According to year-end totals, 490,526 twenty-foot-equivalent units moved through the Port’s Napoleon Avenue Container Terminal during the 12 months, an 8.8 percent increase over the 2013 total of 451,057.
Increases Company Equipment Fleet to More than 45,000 Units. To better serve customers shipping cargo between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation has acquired 400 53-foot (102' wide) dry high-cube containers and 375 53-foot chassis, adding to the company's already robust equipment fleet of more than 45,000 modern units. The containers, which have a capacity of 3,931 cubic feet and 42,660 pounds, were delivered in Jacksonville last week.
The arrival of the 'M/V Westwood Pacific' at the Nanaimo Port Authority’s Duke Point terminal marks the first such berthing at the Port’s facilities and will provide a direct link to Asia. Westwood Shipping Lines operate a dedicated break bulk and container service to Asia and have been evaluating the Vancouver Island market for some time. This trial call, with express service to Japan, Korea and feeder service to other Asian ports, is expected to lead to a regular service
Portnews.com reported that based Cicek Shipyard has launched its first container ship. The 1300 TEU ship was named Ayse Naz Bayraktar and is due for delivery in July 2008. She is the first of two 22,000 DWT multipurpose container ships ordered from the yard by Bayraktar Shipping. The design of these two ships allows for a high intake of 9 feet 6 inches high containers and two hatches can accommodate 45 feet containers, including the 2
China Shipping Container Line’s (CSCL) Xin Qin Huang Dao recently made its maiden call at the Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, which marked the launch of a service of the Ocean 3 alliance, connecting Rijeka and other European ports to Asia and North America. The vessel arrived at the AGCT last 18 February and is deployed to Ocean 3’s Phoex
A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year
The containership Hanjin Milano made its maiden call at Conley Terminal Friday, the Massachusetts Port Authority (Massport) announced. This is the first time that Hanjin Shipping has called the Port of Boston directly, opening a new channel of economic impact for the region. “The Port of Boston is the waterborne trade gateway for New England and a primary economic engine for the Commonwealth of Massachusetts,” said Thomas P. Glynn, Massport CEO
Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo. The new ship class in the Hamburg Süd fleet has a nominal container slot capacity of around 9,000 TEU and with 1,370 reefer slots for refrigerated containers a correspondingly high reefer capacity. San Vicente’s sponsor is Elisa Maier, wife of Roland Maier
China’s National Development and Reform Commission (NDRC) said Japan’s Kawasaki Kisen Kaisha (K Line), South Korea’s Hanjin Shipping, Hyundai Merchant Marine (HMM), Taiwan’s Evergreen, Wan Hai Lines, Yang Ming, China Shipping Container Lines (CSCL) and others
A short drive west of Johannesburg on the edge of a fading bohemian high street stands 27 Boxes, a mosaic-colored retail center built entirely of old shipping containers. Opened in August, it consists of 27 iron containers stacked Lego-like into three floors of stores ranging from a
Asian shipping lines including Japan's Kawasaki Kisen Kaisha and China Shipping Container Lines have voluntarily lowered shipping surcharges, the country's top economic planner said on Monday. The statement by the National Development and Reform Commission (NDRC) comes after China's cabinet
APM Terminals signed an agreement for the construction and delivery of four Ship-to-Shore (STS) Gantry Cranes and 14 Automated Rail-Mounted Gantry Cranes (ARMGs) for the new APM Terminals Vado terminal now under construction on Italy’s Ligurian coast
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International) celebrated the laying of the foundation stone today to mark an important chapter in the development of the fourth container
"Our 24 x 7 multi-referential container tracking facility ensures that your shipment is always ‘just a click away’!," says CMA CGM. CMA CGM Container tracking is available anytime anywhere- from your personal computer, laptop
Confirming that the company is preparing its initial public offering, Hapag-Lloyd said it “expects total gross proceeds in the equivalent euro amount of US$500 million from the IPO,” says a report in Reuters. Rolf Habben Jansen
Maersk Line CEO Soren Skou called for consolidation in the container-shipping industry, citing “extremely weak” demand growth amid steadily increasing capacity, says a report in the Wall Street Journal. Skou said sharing costs with partners would help keep freight rates
The owners of the cargo ship El Faro that sank after it was trapped in the path of Hurricane Joaquin off the Bahamas last week announced the creation of a family relief fund on Friday to support the 33 mostly-American families of the crew.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.3 percent to $259 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline, though
Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.
The Islamic Republic of Iran Shipping Lines (IRISL) plans to become one of the world's top ten shipping lines. It plans to modernize its fleet and ally with international shipping majors to tap western markets , reports WSJ. Mohammad Saeidi
U.S. Maritime Administrator Paul Jaenichen has issued a statement following the U.S. Coast Guard’s announcement that it will suspend the search for survivors from the missing cargo ship El Faro. “All of us at the Department of Transportation and the Maritime Administration
Responders continue the hunt for possible survivors from the missing cargo ship El Faro, which is believed to have sunk during Hurricane Joaquin. As of Tuesday night, crews have searched some 172,257 square nautical miles while scanning in the vicinity of the ship's last known position 35