Mitsui O.S.K. Lines, Ltd. (MOL) released a statement updating the status of the containership MOL Comfort as of 11 p.m. JST on June 19, 2013. The vessel could not continue sailing under its own power from June 17 because the hull fractured in two parts while under way on the Indian Ocean, the company said. Mol Comfort', the 316-m-long vessel was carrying 4,500 containers from Saudi Arabia when it split into two roughly 840 nautical miles off the coast of India. The Indian Coast Guard coordinated the rescue of all 26 of the ship's crew (12 Russians and 14 Filipinos). Currently, the aft part is drifting near 13’00”N 61’29”E in an east-northeast direction. The status of the fore part is to be confirmed while the visibility is limited due to adverse weather. The patrol boat which has departed Port of Jebel Ali, U.A.E. on June 19, as mentioned in the Update (No.3), is expected to arrive at the ocean site on June 24. Some of the containers might be lost or damaged during the incident, but majority of the cargo are confirmed to be aboard the aft part. The status of the fore part is to be confirmed. MOL has contracted a salvage company and is proceeding to rescue the cargo and hulls. There have been no confirmed large volume of oil leakage. Sources: MOL, Staff
The United States Transportation Command recently deployed a container security system which detects tampering and helps protect military container shipments moving from to . USTRANSCOM introduced the CommerceGuard container security system, provided by GE Security, Inc., a business of GE Enterprise Solutions, to better protect its container shipments. Based at Scott Air Force Base, , USTRANSCOM directs and supervises execution of the military supply chain for the Department of
The Port Authority unveiled a Web site that provides real-time information on ship arrivals at the Port of New York and New Jersey, as well as the status of cargo and activity at terminal gates. Under a $1.9 million contract with the Port Authority, the new system known as Freight Information Real-time System for Transport or FIRST is being developed by Americas Systems Inc. (ASI) of Murray Hill, N.J. Representatives of the shipping industry and other public and private sector organizations
Iridium Satellite and Impeva Labs will expand their current collaboration in the implementation of a real-time container monitoring, tracking and security system on behalf of the Port Authority of New York and New Jersey (PANYNJ). PANYNJ recently awarded a contract to Impeva Labs as part of the federal Operation Safe Commerce (OSC) Phase III. Iridium and Impeva Labs have collaborated during the past four years in several platforms and products
The Strategic Council on Security Technology announced the global rollout of Phase Two of the Smart and Secure Tradelanes (SST) initiative. In the last year, SST has become the largest cargo security program in operation, helping global shippers to automatically track the location and status of containers while creating a system to detect and report container tampering. The second phase of SST focuses on further expansion of the global network, extending operations, shipments
APM Terminals Mumbai became the first Indian container terminal to go paperless by providing shipping lines electronically with the required Export Form 13 for export containers entering the terminal by truck. Building upon the success of the Export e-Form 13, APM Terminals Mumbai has also introduced an ‘Online Import Delivery Process’ to simplify and streamline the import cycle of terminal operations to reduce gate waiting time and congestion
The law firm of Finkelstein, Thompson & Loughran announces that a lawsuit seeking class action status has been filed in the United States District Court for Southern District of New York against Sea Containers Ltd. and certain of its officers and directors on behalf of purchasers of Sea Containers securities between March 15, 2004 and March 24, 2006, inclusive, Finkelstein, Thompson & Loughran is investigating similar claims at this time and welcomes inquiries from
The CMA CGM Group have contributed to the capital increase of French startup TRAXENS, adding to two other investment funds, CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group), that are also part of the initiative. TRAXENS develops container monitoring, geolocation and multimodal coordination systems. CMA CGM said the capital increase will be dedicated to financing new research and development programs
ZIM Integrated Shipping Services has announced the expansion of its refrigerated container fleet in order to answer the demand for its innovative ZIMonitor service. Launched in early 2015, ZIMonitor allows customers to track, monitor and remotely control sensitive, high-value cargo stowed in refrigerated, or reefer, containers. Customers can opt to receive alerts regarding their shipment via text message or email
German navigation system manufacturer Raytheon Anschütz reports that its NautoScan NX (NSX) network radar transceivers have exceeded 100 installations. With the launch of Raytheon Anschütz’s new NSX radar transceivers, state-of-the-art network radar technology has replaced the analog data transmission alternative. Now, radar status and video are generated in the transceiver, shared by a digital interface and distributed through a redundant Dual Gigabit LAN to an
Singapore’s position as Asia’s leading maritime services hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law Alliance, comprising Ince & Co Singapore LLP and Incisive Law LLC.
Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.
China's biggest shipping and logistics company Cosco has pledged a total ban on transporting shark's fins, says SCMP. It called the move a "body blow" to the international shark's fin trade. In a letter addressed to the Hong Kong branch of the US-based wildlife conservation
Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term. PESA’s leadership is comprised of experienced industry executives dedicated to advancing
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17 percent to $776 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo Shipping Market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. According to report Cargo Shipping Market - Global Trends and Forecast to
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not
Maersk Line, the world's largest container shipping company, told its clients on Tuesday it will set the maximum freight rate from Far East Asia to Europe at $1,250 per 20-foot container (TEU) as of August 1, down by $200 from the previous month's comparable rate.
The three shipping companies of the Offen Group, CPO Container, CPO Tanker and CPO Bulker, have decided to implement DNV GL’s e-learning course “Energy Efficiency on Board” across their entire fleet. The E-learning tool, developed by DNV GL’s Maritime Academy
CMA CGM has reported its all-cash voluntary unconditional general offer for Neptune Orient Lines Ltd (NOL) closed on July 18, 2016, with CMA CGM now owning approximately 97.83 per cent of NOL's share capital. Monday July 18 marked the last day of trading in shares of NOL on the
INTTRA, the world's ocean shipping electronic marketplace, and NYK Line, informed that NYK has joined the rapidly growing INTTRA eVGM network for facilitating compliance with new container weight requirements adopted by the International Maritime Organization (IMO), which went into effect on July 1
Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Bandar Abbas accounts for 90% of the in- and outgoing containers of Iran and for nearly half of the 200 million tonnes of freight handled by
Maersk Line has signed a five-year carbon reduction pact with Huawei Technologies, a global leading telecom solutions provider and the world’s third largest mobile phone manufacturer. The key to Huawei’s success is positioning itself as an innovator and thought leader in
In OOCL’s commitment to environmental protection and data integrity standards, we are pleased to announce that OOCL has taken a further step forward in our Greenhouse Gas (GHG) reporting by extending the scope to container terminals, namely Long Beach Container Terminal, LLC