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Over-capacity builds up in transpacific container trade

The addition of substantial new vessel capacity is widening the gap between supply and demand in the transpacific container trade, according to World Liner Supply, a quarterly reporting service of the ComPairData global liner shipping database. The results of the July 2001 World Liner Supply survey show that transpacific shipping lines have expanded capacity by 9 percent between July 2000 and July 2001, despite the slowdown in trade volumes. Total trade capacity has risen to slightly over 205,000 TEUs a week (equivalent to a yearly one-way capacity of 10.7 million TEUs) this month, from about 189,000 TEUs a week (equivalent to 9.8 million TEUs). The carriers that have added the most capacity during the last 12 months are the Grand Alliance lines (Hapag-Lloyd, NYK, OOCL and P&O Nedlloyd), Maersk Sealand and the non-alliance carriers such as Zim Israel Navigation and Wan Hai. During the last 12 months, the five largest alliance and carriers groups - the New World Alliance, the Grand Alliance, the COSCO/"K" Line/Yangming alliance, the United Alliance and Maersk Sealand - further increased their share of the entire trade's capacity. The five major carrier groups now have 73 percent of the total capacity, up from 72 percent last July. These are just some of the highlights of the latest World Liner Supply reporting service, which tracks the capacity, frequency and partnership changes of all the liner carriers and their ships


Crowley Announces Restructuring

Crowley Maritime Corp. is planning a significant strategic restructuring that will result in a more decentralized ocean cargo transportation company once the sale of its South America liner services to Hamburg Sud is complete. Having completed this assignment, P. Elliott Burnside will leave the position of president of Crowley American Transport to establish his own industry consulting service, which Crowley will utilize


Report: Three Carriers Dominate TransAtlantic Trade

Three new carrier groups now control 58% of the total capacity in the transatlantic container trade, according to World Liner Supply, a new quarterly report from the compairdata.com on-line shipping database. The fourth quarter 2000 issue of World Liner Supply shows that the merger of services and the combination of smaller carrier groups has led to a substantially higher market concentration in the North America/northern Europe container trade.


China Starts Building First Luxury Cruise Ship

Xiamen Shipbuilding Industry Co. to build a 2,000 passenger capacity cruise ship for Beijing-based Shan Hai Shu Group China has begun construction on its first large luxury cruise liner, which is included in a package of projects aimed at boosting the tourism and shipping industries of a coastal city whose ports are primarily used to handle manufactured goods for export, reports 'What's On Xiamen'. The Southeast China International Shipping Center package includes 10 projects led by


AAL, PD Launch Joint Semi-Liner Service

Semi Line Services Courtesy AAL & PD

AAL & PD have followed up their cooperation on a range of global multipurpose tramp solutions with the launch a new joint semi-liner service - ‘Asia - Middle East - Europe’.  The route will connect mature and developing markets with regular fixed route sailings, flexible port calls and multiple classes of modern heavy lift MPP vessels and represents a highly competitive solution for the transport of project, breakbulk, container and dry-bulk cargo – big and small.


EC OKs P&O, Royal Nedlloyd Split

The European Commission approved, pursuant to the Merger Regulation, a proposed transaction by which the British port operator P&O and the Dutch liner shipping company Royal Nedlloyd reorganize their common activities in the container liner shipping business. In 1996 Royal Nedlloyd NV and Peninsular and Oriental Steam Navigation Company (P&O) transferred all their respective activities in containerized liner shipping services to a newly created joint venture called P&O Nedlloyd (PONL)


HMM Appoints ISS for Australian Business

  Hyundai Merchant Marine (HMM) announcec that its Australian container liner business will be handled by Inchcape Shipping Services (ISS), effective February 1, 2015. Both HMM and ISS are working closely together to ensure that the change over to the new agency is a seamless transition with the head office of the agency situated in the same St Leonards office as at present, the companies said, adding that all Import and Export customers can expect ‘business as usual’


ISS Awarded NYK Liner Agency in Australia

Maritime and logistics service provider Inchcape Shipping Services (ISS) has been awarded the NYK Liner agency in Australia.     Part of transportation company Nippon Yusen Kabushiki Kaisha Group, NYK Line container services has appointed ISS to represent its New Zealand Singapore service (NZS) and North Asia-New Zealand (NZJ) service from July.    Under this new agency agreement, ISS Brisbane will handle the full liner agency function including sales, customer service


Queen to Name QM2

Cunard is delighted to confirm that Her Majesty The Queen will name the company's new flagship Queen Mary 2 at a ceremony to take place in Southampton, England, on Thursday, January 8, 2004. Her Majesty will be accompanied by His Royal Highness The Duke of Edinburgh. The launch will be a milestone in British maritime history and will be a major event of worldwide interest. According to Pamela Conover, president of Cunard Line: "This will be an historic occasion in the true sense of the word


CMA CGM Improves US East Coast Port Coverage

CMA CGM improves the US East Coast port coverage of its CAGEMA service. The CMA CGM Group is pleased to announce the reshuffling of its CAGEMA Main Liner service, linking the United States East Coast and the Caribbean, effective 9th September 2011. The modifications will be as follows: *The addition of two direct calls to New York and Jacksonville, enhancing port coverage of the US East Coast. * The ports of Castries (Saint Lucia), Port of Spain (Trinidad and Tobago)


COSCO Ports Arm Inks Terminal Deal in Abu Dhabi

Photo: Abu Dhabi Ports

Abu Dhabi Ports has signed a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of container terminal operator COSCO SHIPPING Ports Limited, a subsidiary of China COSCO SHIPPING Corporation Limited.  


South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

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 six companies comprise local subsidiaries of Denmark's Maersk


New Vessel Traffic Equipment at ABP Southampton

Shipping Minister John Hayes CBE MP (front row, third from left) at ABP Southampton with James Cooper, chief executive at Associated British Ports (front row, far left), Alastair Welch, port director at ABP Southampton port director (back row, far right) with staff at ABP Southampton (Photo: ABP)

Associated British Ports marked the latest in a series of multi-million dollar investments in the port of Southampton by inviting the Rt Hon John Hayes CBE MP to open its brand new vessel traffic service (VTS) operating room, (September 21).  


Busan: Business May Not be As Usual, Post Hanjin

Photo: Hanjin Shipping

Though Busan Port, the largest customer of Hanjin Shipping and hit hardest by the Liner's collapse,  asserts that everything is under control, doubts are being raised on Hanjin rehab plan as ships clog at the South Korean port, reports Reuters.  


First NYK Transoceanic Liner Recognized

Photo: NYK Line

 The moored museum ship Hikawa Maru was officially designated as an Important Cultural Property by the nation’s Minister of Education, Culture, Sports, Science and Technology.   Hikawa Maru is a Japanese ocean liner that Yokohama Dock Company built for Nippon Yūsen Kabushiki


Hapag-Lloyd orders 5,750 state-of-the-art Reefers

Photo by Hapag-Lloyd

With delivery beginning in October 2016, the new order strengthens market position in the transport of temperature-sensitive goods / Tests with new refrigeration equipment and natural refrigerants.   Hapag-Lloyd will also be investing in its container fleet this year: The liner shipping


India to Promote Cruise Tourism in Cochin

Photo: Cochin Port Trust

 Cochin Port is planning a new cruise terminal project at Ernakulam Wharf to accommodate cruise vessels in the most professional manner comparable to international standards.    Pon. Radhakrishnan, Hon’ble Union Minister of State for Road Transport, Highways and Shipping


Total Lubmarine Launches Talusia Optima

 Lubricants supplier Total Lubmarine has launched Talusia Optima, a new cylinder lube oil compatible with high sulphur heavy fuel oils and ultra-low sulphur distillate fuels.   According to the manufacturer, the new lube has been developed to simplify the management of vessels trading


Ensuring Cruise Ship Safety in the Northwest Passage

The Crystal Serenity will be the largest vessel to ever sail across the Northwest Passage. (Photo: Crystal Cruises)

 The luxury cruise ship Crystal Serenity is set to become the largest vessel to ever sail across the Northwest Passage as the 250-meter-long vessel carries a record-breaking 1,070 passengers and 655 crew members on a 32-day voyage from Anchorage, Alaska to New York  


Siemens Supplies Propulsion for Saga Cruises Newbuild

Image: Saga Cruises

 Siemens announced it has been awarded a contract to equip the first new build cruise liner for the British based operator Saga Cruises under contract to Meyer Werft in Papenburg.   The awarded package includes a SISHIP eSiPOD propulsion system as well as a power and distribution plant


44 Hanjin Ships Denied Access to Ports

Photo: Hanjin Shipping Co Ltd

 Some 44 of Hanjin Shipping Co Ltd's ships have been so far denied access to ports while 1 ship has been seized, Reuters reports quoting a company spokeswoman.   The 44 ships include instances where port service providers such as lashing firms have denied service


LNG Carrier Coral Medusa Goes in for Repair

Coral Medusa at Damen Shiprepair Harlingen (Photo: Damen)

The gas carrier Coral Medusa, owned and operated by the Anthony Veder Group, has completed her intermediate survey at Damen Shiprepair Harlingen. The intermediate survey was scheduled and executed while the ship was under gas vapors from her last cargo


MN100: Tri-State Coating and Machine Co., Inc.

(Image: Tri-State Coating and Machine Co., Inc.)

The Company: Tri-State Coating And Machine Co., Inc. began operation in March 1987 with the goal of producing long-lasting parts to service the coal mine industry while creating jobs for a depressed economy. The company is located along the Guyandotte River just 15 miles south of Huntington


Hanjin’s Ships Worth $1.7 Bln -VesselsValue

Photo: Hanjin Shipping

With Hanjin Shipping on the verge of bankruptcy, state run Korea Development Bank stated the shipper’s debt stood at more than $5 billion at the end of June.   However, Hanjin owns 63 vessels, worth today $1.7 billion, including live and newbuilding contracts, as shown by VesselsValue


Global Fallout from Hanjin Collapse

Photo: Hanjin Shipping

 When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks, its assets left frozen as ports from China to Spain denied access to its vessels.  






 
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