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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.


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)


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


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’


Wärtsilä Unveils New Cylinder Lubricating System

Wärtsilä Corporation has introduced a new, electronically-controlled cylinder lubricating system to meet the demand for lower cylinder oil feed rates: the Pulse Lubricating System (PLS). Developed for application in Wärtsilä RTA and RT-flex low-speed marine diesel engines, it delivers reduced cylinder oil consumption without compromising piston-running reliability. The Pulse Lubricating System makes it possible to reduce the cylinder oil feed rate compared with the existing


Crowley Promotes Clapp and Brown

Rinus Schepen, Senior Vice President and General Manager of Crowley's Latin America services announced that Rob Clapp has been promoted to Director of Pricing and Yield Management and Brad Brown has been promoted to Director of Finance for the Latin America liner services group. Both will remain domiciled in Jacksonville and report to Schepen. In his new position, Clapp is responsible for all contract administration, pricing and yield management activities


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)


Alianҫa’s Fleet Continues to Grow

(l.-r.) Rene Wlach, Julian Thomas and Martin Susemihl, Jaques Maggi, Sponsor Luciana Pereira Quartiero, Dr. Ottmar Gast and Dr. Stefan Traumann (General Consul of Germany, Porto Alegre).

  The cabotage fleet of Hamburg Süd’s subsidiary Alianҫa has once again gained a new member. Within the scope of a customer event, the new container ship “Bartolomeu Dias” was christened on 14 April 2015 at the TECON Terminal in the southern-Brazilian port of Rio Grande


Shipping is Cutting CO2 Emissions

Image: United Nations News Centre

 London-based shipping advisors Drewry Supply Chain Associates said that shipping liner operators have made significant inroads into cutting CO2 emissions.   In its April Logistics Executive Briefing for Importers and Exporters, Drewry Supply Chain Advisors concludes that “overall


Liner Service Reliability Jumps to 64%

Pic: Maersk Line

 According to Drewry Supply Chain Advisors, liner shipping service reliability on the three East-West trades showed an aggregate on-time performance of 64% in March - a five-month high.   According to Carrier Performance Insight, the online schedule reliability tool provided by Drewry


Hamburg Süd Hit by Slowdown

Pic: Hamburg Süd

 The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela.   The modest 2 percent increase in cargo volumes is attributed to the less-than-expected improvement to the market overcapacity


Hamburg Süd Completes CCNI Takeover

Courtesy Hamburg Sud

Effective 27 March 2015, Hamburg Süd has taken over the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S.A


Costa Concordia Used For Mafia Drug Smuggling

Image:  Costa Concordia cruise ship

 The doomed Costa Concordia was carrying a huge shipment of Mafia-owned cocaine when it set off on its final voyage, AP reports quoting investigators who have collected evidence.   Authorities have collected phone and tape recordings that show the ‘Ndrangheta Calabrian criminal


EU Takes Tough Stance on Ship Scrapping in South Asia

Image by NGO Shipbreaking Platform

 The EU is set to ban owners from scrapping ships on South Asian beaches, according to news report in Reuters.   The new rules will require that EU-registered ships are only recycled at sustainable facilities, lowering the environmental and human cost of the current process of


Can Shipping Lines Survive?

Image: World Shipping Council

 The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015, according to the new report from AlixPartners.   


Seaspan Acquires First 14000 TEU Boxship

Logo

Seaspan Corporation has accepted delivery of a 14000 TEU containership, the Yang Ming Wish.   The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's first 14000 TEU SAVER design containership and second delivery in 2015


Finnish Seamen Strike Cancelled

MSV Nordica Icebreaker. Photo: Arctia Shipping

 The dispute between icebreaker crew and their employer will not now shut Finnish ports.   The two-and-a-half week strike on Finnish icebreakers has ended after the parties involved approved the national mediator's latest offer to solve the dispute


ISS Sets base in Mozambique

Courtesy ISS

  Inchcape Shipping Services (ISS), the world-leading marine, cargo and supply chain solutions provider, has expanded its operations in Africa with the opening of new offices in Maputo, Mozambique which provide coverage across all of the country’s main ports from Pemba in the north


UASC Streamlines Fuel Purchasing

Photo: UASC

United Arab Shipping Company (UASC), a global shipping company based in the Middle East, has implemented Shiptech, an end-to-end fuel management system developed by global cloud software company Inatech.   Shiptech provides the company with an automated, cloud-based


Cosco to Order 10 Triple-E Megaships

Cosco ship: China Shipbuilding Industry Association

 China's shipping and ports giant China Cosco Holdings is planning to order at least 10 Triple-E megaships capable of moving 19,000 containers apiece as the shipping and port giant seeks to dominate major ocean trade routes, The Wall Street Journal reported, citing unnamed sources.  


New Cruise Ship Terminal Plan for Cockenzie

The proposed cruise ship terminal in artists imagination by Paul Welsh Architects

 To take advantage of the global increase in on-board touring holidays, the Firth of Forth is planning a new cruise ship terminal.   Developers hope to secure permission for the first purpose-built terminal on the Scottish mainland at site of the decommissioned Cockenzie power station


Box Ship Freight Rates Fall on Declining Chinese Exports

Container freight index

  Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e






 
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