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Form Alliance

Ports of LA, Auckland, Guangzhou Form Alliance

Ambassador Vilma Martinez, left, President of the L.A. Harbor Commission, signs agreement along with Yuan Huahui, center, Deputy Director-General of the Guangzhou Port Authority, and Sanchia Jacobs, Manager Global Partnerships & Strategy, Auckland Council. Photo: Port of Los Angeles

 The Port of Los Angeles, Ports of Auckland in New Zealand and Guangzhou in China have signed a memorandum of understanding (MOU) a ground-breaking Tripartite Economic Alliance for promoting closer ties.   “The port of Los Angeles looks forward to collaborating with the ports of Auckland and Guangzhou on a series of initiatives, including promoting commercial and business opportunities as well as sharing innovative best practices,” said ambassador Vilma Martinez, Los Angeles harbor commission president.   Los Angeles, Guangzhou and Auckland are sister cities and strategic trading partners that share similar economic goals. The newly formed alliance provides a platform for growing trilateral cooperation to foster trade, innovation and investment opportunities between the public and private sectors of the three regions.   Objectives within the memorandum of understanding include sharing of best practices and expertise; strengthened communication and collaboration on investments, technologies and environmental policies; and working together to enhance capabilities of each port in order to boost their respective regional economies.   The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit Southern California’s economy and quality of life. 


Aiken Marine Sees Upturn In Overseas Business

Danny Donald (left) and Steve Grant (right). (Photo:Aiken Marine)

A division of Aberdeen-based Aiken Group announced an upturn in its overseas business in recent months.   Aiken Marine, which supplies a range of services to the global marine and offshore industries, has seen a rise in its business supplying and brokering newbuild resale drilling jackups and offshore supply vessels in Mexico, West Africa, the Middle East and Far East.   Marine manager Steve Grant said, “In order to be at the forefront of any industry


BP, Reliance Industries Announce Partnership in India

Reliance Industries Limited and BP today announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London. The partnership across the full value chain comprises BP taking a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India


OSL Forms Ballast Systems Alliance

OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs. The alliance partners of OSL Offshore Systems, Rotork Controls, FloTec and W&O forms a comprehensive organization that services the offshore industry with each group's strengths as leaders for process valves and value automation, integrated PLC controls and hydraulic power.


Shipping Alliances Demand Aggressive Oversight -FMC Chairman

Photo: China COSCO Shipping

The restructuring of the ocean carrier alliance system, triggered by merger and acquisition activities by shipping companies, is a logical business development, but if not carefully monitored and regulated, could also represent a move toward reduced services for shippers, said Mario Cordero, Chairman of the Federal Maritime Commission (FMC).   Cordero articulated this concern during remarks he made at the 2016 International Trade Symposium hosted by the Virginia Maritime Association in


Seattle, Tacoma to Submit Seaport Alliance Proposal

Taking another step in forming The Northwest Seaport Alliance, commissioners from the ports of Tacoma and Seattle voted Friday to submit a final agreement to the Federal Maritime Commission (FMC) for approval.   The Northwest Seaport Alliance will unify the two ports’ marine cargo terminal investments, operations, planning and marketing to strengthen the Puget Sound gateway and attract more marine cargo for the region.  


Linde forms Global Alliance with SBM

Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today


Drewry: What Next for THE Alliance?

Photo: Hanjin Shipping

 Hanjin’s bankruptcy leaves the proposed carrier grouping THE Alliance at a size disadvantage to both its future rivals. Might a replacement be called up?    Drewry says that the container shipping industry is in a state of flux at the moment and nobody can honestly say they know for certain what the landscape will look like in six months from now.    Even before Hanjin Shipping filed for bankruptcy protection the industry was preparing itself for big changes


Tanker Operators To Join Forces

Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part


Jones Walker Expands Government Relations & Transportation Practice

Jones Walker today announced the expansion of its government relations practice with the addition of John S. Doyle, Jr., Vice President of Government Relations for Waterways Work!, as special counsel in the firm’s Washington, D.C. office. In making the announcement, R. Christian Johnsen, head of Jones Walker’s Washington office, said, “Mr. Doyle will continue to represent Waterways Work!, a client since 2001, and other Jones Walker clients in the areas of government relations with a


HMM in New Alliance Deal

Hyundai Dream Photo Hyundai

Hyundai Merchant Marine (HMM) said it has signed an agreement with intra-Asia trade carriers Heung-A Shipping and Sinokor Merchant Marine to form a container shipping alliance called the HMM + K2 consortium. The HMM + K2 consortium, which is slated to start operation in March after a formal


Antwerp Port Hits Record Volume

Container terminal Photo port of Antwerp

The port of Antwerp will close 2016 with an expected record volume of more than 214 million tonnes of freight handled. The shipping container volume for its part has risen above 10 million TEU (twenty-foot equivalent units, i.e. standard containers) for the first time in the history of the port


Clean Arctic Alliance Praises Move to Phase out HFO Use

Image courtesy Clean Arctic Alliance

Responding to the December 20th joint statement from the United States and Canada, regarding development of a strategy to phase out their use of heavy fuel oil (HFO) from vessels operating in the Arctic, the Clean Arctic Alliance praised both Arctic nations for their ambitious action to rid the


Busan Port May Hit by Shipping Alliance Reshuffle

Photo: Busan Port Authority

 The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan and  the harbor volume of Busan Port is expected to drop by 3.5 percent from next year, the Korea Herald reported quoting Korea Maritime Institute (KMI)’s report.  


Gulf Navigation, Mena Energy Sign Strategic Deal

Photo: Gulf Navigation Holding PJSC

GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY.   The strategic alliances  for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial


Hyundai Merchant Marine Ties Up with 2M Alliance

Photo: Hyundai Merchant Marine Co Ltd

 Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance to form a cooperative relationship that falls short of full-fledged membership.   Joining an alliance with major shipping firms was one of the


HMM to Form Cooperative Relationship with 2M

Hyundai Dream (13,100TEU) Photo HMM

South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance to form a cooperative relationship named "2M+H Strategic Cooperation". HMM had previously been in talks to join the vessel-sharing alliance


Maersk, Hyundai Merchant Marine alliance talks in doubt

Hyundai Merchant Marine says still in talks to join 2M; joining an alliance was precondition for HMM debt relief. Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the


2M Alliance's NO to Hyundai Merchant

Photo: Hyundai Merchant Marine

 Danish shipper Maersk Line, part of A.P. Moller-Maersk, said it is no longer considering Hyundai Merchant Marine for membership in the group, reports Reuters.   This is a major blow to the troubled Korean shipping company. Membership in 2M Alliance would have guaranteed HMM a steady


THE Alliance, Hapag-Lloyd Enhance Network

Map: Hapag-Lloyd

 THE Alliance and Hapag-Lloyd have announced our new enhanced port coverage in the Mediterranean - North America market.    "Further to THE Alliance port coverage of the AL7 service, we are pleased to inform you that Hapag-Lloyd will continue our well-established cooperation


Consolidated Container Fleets Worth $33.4 Billion

Photo: Hamburg Süd

Following the sale of Hamburg Süd to Maerskfor $4 billion, VesslesValue senior analyst William Bennett has compiled a report on the top consolidated container fleets. Currently these top five fleets are worth $33.4 billion and account for 33 percent of the entire container fleet.  


Carriers Playing Poker with Ports

Image: Drewry Shipping Consultants Limited

 Container shipping lines are in danger of putting future port investment at risk in their demands for terminal handling cost reductions, according to the recently launched Ports and Terminals Insight report published by global shipping consultancy Drewry.  


Oversupply Remains - Drewry

Fig 1 Source Drewry Maritime Research, derived from Container Trade Statistics

The withdrawal of Hanjin tonnage has not been enough to rectify the trade’s supply-demand imbalance and headhaul ship utilisation is lower compared to other major East-West markets. Westbound volumes rose by 1.8% in the third quarter and the growth rate for the year to date is now


Hyundai Denies 2M Partnership Failure

Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) has denied reports that it failed to join the global shipping alliance 2M  that the company has sought for months as part of its normalization plan.   According to Yonhap, "We are still in negotiations (with 2M) to iron out differences


Clean Arctic Alliance Response to Arctic HFO Ban

Image Courtesy Clean Arctic Alliance

Responding to reports that the Association of Arctic Expedition Cruise Operators (AECO) had reconfirmed its support of a ban on heavy fuel oil (HFO) from Arctic shipping during its annual general meeting, Clean Arctic Alliance advisor Dr Sian Prior said:  






 
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