Marine link
 

Far East

CMA CGM Hikes Asia-Europe Rate

Photo: CMA CGM

 CMA CGM will increase rates US$900 per TEU from all Asian ports to the Mediterranean including the Black Sea and North Africa - and EUR800 (US$892.93) per TEU to Syria from March 1.   The Frech shipping giant will also increase rates US$250 per TEU and $400 per FEU on 40-foot high cube dry containers and tank containers from north Europe to the Far East from March 15.   "In a continued effort to provide quality services, CMA CGM hereby informs its customers of a Rate Restoration Program: from Far East and Japan and to West Med, East Med, Adriatic, Black Sea and North Africa," says a statement from the company.   The increases apply to cargo from north Europe, Scandinavia, Baltic and the United Kingdom going to China, Japan, Korea, southeast Asia and Bangladesh.  


Sweeney Promoted to VP of Far East Operations at Crowley

Effective March 1, 2004, Alex Sweeney will assume the position of Vice President of Russian Far East Operations. In his new position, Sweeney is responsible for the management of the BETS Sealift to Lunskoye, Sakhalin Island and the tow of the Orlan from Sov Govan, Russia to Ulsan, Korea. He will report directly to Steve Peterson, Senior Vice President and General Manager, Energy and Marine Services and will work closely with Chris Peterson, General Manager, Contract Services


Dry Bulk Trends

Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S. Gulf was struggling to obtain previously fixed levels and rates to the Far East in particular were lower, they added. Capesize rates remained steady but handy sizes were in stronger demand world-wide and there were signs that the hitherto depressed


Hamburg Port's Liner Network

Hamburg has one of the most comprehensive liner networks in Europe, which in turn means that it plays an important role as a transport hub for global cargo flows. Specialized liner traffic connects Hamburg to six continents. Over 100 container liner services travelling to destinations all over the world are based in Hamburg. One of the main markets for the Port of Hamburg are liner services from and to the Far East


UMM Salal First Call in Port of Hamburg

On 7 June 2011 the UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eurogate Container Terminal Hamburg (CTH).   The UMM SALAL is 365.5 metres long, 48.40 metres wide and is equipped with over 1,000 reefer slots, making it the first of nine ships of this size to be completed in 2011 and 2012


Braemar Appoints New Director

Graeme Temple, Regional Director

Braemar Technical Services (Incorporating The Salvage Association) announced the appointment of Graeme Temple to the role of Regional Director for its Far East region.   Graeme will take responsibility for strengthening the company’s surveyor network in this important region and further developing relationships with the London and International Insurance markets as well as the local Singapore and other Far East Insurance markets


SembCorp Gets BP Shipping Deal

Singapore's Sembawang Shipyard Pte Ltd., a subsidiary of SembCorp Marine, has entered an agreement to repair the Far East fleet of BP Shipping Ltd. for an indeterminate amount of time. Sembawang Shipyard managing director Heng Chiang Gnee said the company expects to refit and drydock about 12 of BP Shipping's fleet of 30 in a typical year. He said he expected a typical contract value of about $1.2 to $1.7 million to repair each of the vessels


Westbound Tanker Markets Strengthening

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about W80-85 ($17.50 per ton) for VLCC liftings and from West Africa about W90 ($9.25) - up a couple of Worldscale points on last week. But rates to Far East have eased back to the mid W90s ($10.75 to Japan) after climbing past W100 last week.


PD Ports Promote Trade Opps in Far East

PD Ports senior representatives, including David Robinson, Chief Executive Officer, have returned to PD Ports’ Teesport operations, following a successful 14-day tour of the Far East. The aim of the tour, which included visits to Taipei, Singapore, Malaysia, Hong Kong, South Korea and Dubai, was to promote greater use of Teesport and stimulate interest for new shipping lines to call at the Port direct.  Teesport currently has frequent callings from eight container shipping lines


Shipping Majors Expand Cooperative Setup

CMA CGM Jules Verne (Photo courtesy CMA CGM)

The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 TEU’s will be deployed on the three Far East-Indian Subcontinent services.


Anticipating Market Change Crucial for Industry - Braemar

(l to r) James aBeckett, Head of Dry Cargo Broking Braemar ACM; Denis Petropoulos, President Braemar Group Asia; and Peter Ryan, Head of Consultancy Braemar Incorporating the Salvage Association. Photo Braemar Group

Being in a position to accurately anticipate change in the shipping markets is becoming ever more crucial for maritime service providers, as owning principals demand more solutions to the problems created by over-ordering, according to Braemar Group Asia President Denis Petropoulos.


Fitch: M&A, Not Alliances to Help Revive Container Shipping

File Image: a containership at the berth in the Port of Savannah, GA (credit: GPA)

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address chronic overcapacity and drive further cost savings in container shipping, Fitch Ratings says


Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.


Floating Products Storage in Focus

Graph: Gibson Tanker Report

 For much of 2015, talk of floating storage was dominated by speculation that the contango in crude futures might support crude floating storage, says Gibson Tanker Report.   However, at the same time, much of the oil surplus was being absorbed by refiners chasing some of the best


DGS Marine Announces Fixed Premium P&I Growth

David Skinner (Photo: DGS Marine)

Tailor-made cover helps DGS secure 6 percent growth in 2016 P&I renewals; total BE&O tonnage exceeds 5 million metric tons   DGS Marine, a global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility


RINA Services Classifies First Ships in Iran

RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran.   This dual classification is the result of a partnership signed with the Tehran-based ACS shortly after sanctions in


US Helps Micronesia Boost Port Security

(U.S. Coast Guard photo by Activities Far East)

A U.S. Coast Guard International Port Security team in cooperation with officials from the Federated States of Micronesia’s Department of Transportation, Communication and Infrastructure completed three days of port facility security seminars in March.  


VLCC Segment Shows Modest Growth

Graph:  Poten & Partners.

 In the Very Large Crude Carriers (VLCC) segment, which showed modest growth in overall volume from 2014 to 2015, the main changes were concentrated in the eastern hemisphere, says a report by Tanker Research & Consulting department at Poten & Partners.  


RINA Services Classifies the First Ships in Iran

RINA Services SPA

 RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran.   This dual classification is the result of a partnership signed with the Tehran-based ACS shortly after


MSC: Bringing Asia to Northern France

Image: MSC

 The Mediterranean Shipping Company (MSC) provides a range of shipping services between France and the world’s major trade hubs. Since its foundation in 1993, MSC France has scaled up into a 675,000 TEU per annum business.  


Nordana Names Rickmers-Linie as China Representative

Photo: Nordana

Nordana Project and Chartering and Rickmers-Linie, Hamburg announced that Rickmers-Linie represents Nordana in China effective as of March 17, 2016.   With this step, the two companies extend an already existing partnership which began in June last year when Rickmers (Japan) Inc was


US, Japan Partner to Improve Port Security

A U.S. Coast Guard International Port Security team meets with Japanese officials. The engagement involved sharing best practices and visiting with the Ministry of Land, Infrastructure, Transport and Tourism’s Ports and Harbors Bureau to observe the implementation of the International Ship and Port Facility Security Code at two port facilities in Hakata, Japan: the Hakata Chuo passenger wharf and the Hakata island city area container terminal. (U.S. Coast Guard photo by Activities Far East)

A U.S. Coast Guard International Port Security team completed a bilateral engagement with Japanese officials during the second week of March.    The engagement involved sharing best practices and visiting with the Ministry of Land, Infrastructure


Hydro Group Shortlisted for Made in Scotland Awards

Doug Whyte, managing director Photo Hydro Group

Aberdeen-headquarted, Hydro Group plc is recognised as a finalist at the 2016 Made in Scotland Awards for the categories Manufacturer of the Year and Exporter of the Year.   The subsea cable and connector specialist is at the forefront in the development and innovation of subsea product


Sibur Targets LPG Exports Growth, Eyes Asia

Dmitry Konov (Photo: Sibur)

Russia's largest petrochemical producer, Sibur plans to boost exports of liquefied petroleum gas (LPG) in 2016-2020 before an increase in domestic demand, Sibur's director general Dmitry Konov told reporters.   Sibur, in which Kirill Shamalov


GAC, Far East Development Fund Team up to develop NSR

International shipping companies transiting the Northern Sea Route Photo GAC

GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owners.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright