Marine link


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 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)

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

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

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

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)

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’

Saga Cruises Orders New Ships

Image: Saga Cruises

 Saga Cruises has placed an order for a new cruise ship to be built by Meyer Werft in Germany with the delivery date of Summer 2019.    The deal comes with an option for a second new ship to be delivered in 2021. The 55,900 gross ton vessels will span approximately 234 metres in

Cruise Critic Awards Best Cruise Lines of 2015

Photo: Viking Oceans

 Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.   The winners, which are selected by the online cruise guide's team of experts

IRISL Looks West with New Vessels

Image: Islamic Republic of Iran Shipping Lines

 The Islamic Republic of Iran Shipping Lines (IRISL) plans to become one of the world's top ten shipping lines. It plans to modernize its fleet and ally with international shipping majors to tap western markets , reports WSJ.   Mohammad Saeidi

Hapag-Lloyd Announce Service Improvement


  For the benefit of increased schedule reliability, Hapag-Lloyd and partner lines have decided to take the following measures: Implementation of a fourth vessel in AT2 Replace the Liverpool eastbound call on AT1 by a Southampton call on AT2

China COSCO Orders 11 New Boxships

China COSCO has ordered 11 container ships from four Chinese shipbuilders in a $1.51 billion order that will propel the country's largest shipping line into the big league of giant vessel owners. The ships, which will have the capacity to carry up to 19,000 20-foot containers (TEU)

Port of Cleveland Awarded for Cargo Growth

Photo: Port of Cleveland

The Port of Cleveland informs it has been awarded by the U.S. Saint Lawrence Seaway Development Corporation (SLSDC) for its international cargo growth.   The Robert J. Lewis 2014 Pacesetter award, presented to the port by the SLSDC this morning at its monthly board meeting

ExxonMobil Helps Extend Ship’s Piston Ring Life

Athens-based Costamare Shipping has more than tripled the piston ring replacement period to more than 55,000 hours for containership Cosco Yantian, helping the company reduce costs and improve vessel performance.   According to ExxonMobil

British Maritime Industry Eyes China’s One Belt, One Road Plan


 China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency.   Both countries expected to improve bilateral maritime cooperation in the "Belt and Road" initiative

Hamburg Süd Christens Cap San Vincent

Left to right: Sung-Geun Lee, DSME executive vice president, shipyard general manager; Fawad Neiro, sponsor Susanne Neiro, K+S Transport; and Dr. Arnt Vespermann, member of the Hamburg Süd executive board. (Photo: Hamburg Süd)

Hamburg Süd christened its new containership, Cap San Vincent, at a ceremony at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in Okpo, South Korea, Wednesday.   The final vessel in a series of three identical new builds

Cleveland Reports Persistent Cargo Growth

Photo: Lower Lakes Towing

Buoyed by increasing returns from its creation of the Cleveland-Europe Express (CEE) liner service, the Port of Cleveland continued to see record numbers in August, particularly in containerized cargo, the port announced.   While numbers for containers were up 300 percent through June

Seaspan Acquires Eighth Boxship


  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the Maersk Guayaquil. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eighth 10000 TEU SAVER design containership and seventh delivery in

AAL Canada Opens Vancouver Office

Photo courtesy of AAL

Press release - AAL has announced the opening of a new office in Vancouver, Canada.    This continues the company’s global expansion strategy, which has, in the same month, seen the opening of AAL Korea.  The move strengthens the company’s on-the-ground presence and

Shipbuilding: Crowley's First LNG ConRo Ship on Schedule

Image: Crowley

Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group is now 25 percent complete, the company announced.

New President, CEO at Rickmers-Linie America

© Rickmers

Rickmers-Linie, the Hamburg-based specialist for liner services in breakbulk, heavy lift and project shipping, has appointed Wouter Huybrechts as the new President and CEO of Rickmers-Linie (America) Inc.    Huybrechts took over for CEO and President Waldemar Poulsen

Hapag-Lloyd in US$500 mln IPO

Photo: Hapag-Lloyd

 German container carrier Hapag-Lloyd is looking to sell shares for a total US$500 million, and will seek listings in Hamburg and Frankfurt before the end of 2015.   Hapag-Lloyd has confirmed that it is preparing for a US500 million initial public offering (IPO) this year

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