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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


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


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’


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)


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


SCI's Worldwide Agents Meet

SCI’s Worldwide Agents Meet 2015

  The Shipping Corporation of India’s (SCI) Worldwide Agents Meet 2015 was this year held in the Auditorium of  it's Maritime Training Institute at Powai. The meet was attended by about 102  delegates from various agency houses  representing Far East, Indian Subcontinent


Europe Should Resume Shipbuilding

João Ferreira (Pic: EU Parliament)

 In the EU journal Parliament, Portuguese Member of European Parliament João Ferreira has proposed a five-point plan to stimulate growth in the EU shipbuilding industry.    He said that after a decline in industrial activity since the 1970s


Crowley Deploying New Container Equipment

         Photo courtesy of Crowley Maritime Corporation

Crowley Maritime Corporation’s liner services group is deploying an influx of new container equipment, including hundreds of chassis, ISO tanks and high-cube containers, for use in the company’s services between the U.S., Puerto Rico, the Caribbean and Central America


Fendercare to Equip New UK Navy OPVs

Fendercare Marine has signed a contract with BAE Systems Naval Ships for the provision of rudder blades, rudder stocks, sleeves/liners for rudder stock, anchors, chain and deck equipment for three new Offshore Patrol Vessels (OPVs) for the U.K. Royal Navy.   


Seacor Holdings Rejig Top Deck

Logo

  SEACOR Holdings Inc.informed that Oivind Lorentzen their Chief Executive Officer has stepped down as Chief Executive Officer, but will continue as a director and non-executive Vice Chairman of the Board of Directors. Charles Fabrikant, Executive Chairman


Jaxport Welcomes Consolidation of Crowley's Jacksonville Operations

  Crowleys Bill Pennella (right), Vice COB/EVP, and JAXPORTs Dr. John Allen Newman (left), Board Vice Chair, agree to the expanded, long-term lease at JAXPORT’s Talleyrand Marine Terminal.

JAXPORT’s Board of Directors today unanimously approved an expanded, long-term lease with Crowley Liner Services Inc. Under the agreement, Crowley will relocate its Puerto Rican service from its private terminal along Jacksonville’s harbor to JAXPORT’s Talleyrand Marine Terminal


Malacca Begins Work for International Port

Image: Malacca Port Authority

 Soon after China identified Malaysia's Malacca as part of its 21st Century Maritime Silk Route economic belt (MSR), an international shipping port is being planned for the state.   The existing port in Malacca would be expanded to meet international standards


CMA CGM Finance Stronger than Hapag-Lloyd

Photo Credit: CMA CGM

 The credit profile of CMA CGM S.A. (CMA) is more robust than that of competitor Hapag-Lloyd AG (HL) on account of its higher profitability, bigger market share and more diverse geographic presence, says Moody's Investors Service.  


European Shippers' Council Calls on Competition Authorities to Cooperate

Pic: The European Shippers’ Council (ESC)

 Shipping alliances will lead to market convergence and will reinforce the risk of reducing service quality and sailing frequency as well as free choice for manufacturers and retailers, as well as enhancing prices, according to the European Shippers’ Council (ESC)   


Hamburg Buy Out Chilean Shipper

Pic: Hamburg Sud

 German liner company Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Chilean shipping group Compania Chilena de Navegacion Interoceanica [CCNI] by the end of March.   Earlier, Hamburg Süd has confirmed the long-awaited signing of its


Hubline Exits Container Shipping Business

Photo: Hub Shipping Sdn Bhd

 Malaysian Shipping company Hubline Bhd will discontinue its container shipping operations to focus more on breakbulk cargo and exit the industry by the end of the financial year ending Sept 30, 2015   The company cited overcapacity in the market and difficult economic operating


Hamburg Süd, CCNI Ink Sale and Purchase Deal

CCNI Arica (Photo courtesy of CCNI)

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A


NOL, KWE Ink APL Logistics Deal

SINGAPORE, TOKYO, 17 February 2015 – Neptune Orient Lines Limited (“NOL”) and Kintetsu World Express, Inc. (“KWE”), jointly announced today that they have entered into a sale and purchase agreement for NOL’s logistics business, APL Logistics, for US$1.2 billion


Costa Cruises Seeks to Reassure Italy over Job Loss Fears

Photo: Costa Cruises

A unit of one of the world's biggest cruise operators sought to reassure Italy on Friday that plans to transfer some of its operations to Germany did not mean it would move abroad.   Costa Cruises, part of Carnival Corp, is based in the northern Italian port of Genoa


Shreyas Sails Back to Black on Shipping Growth

Photo: Shreyas Shipping and Logistics

 Shreyas Shipping and Logistics rebounded to a US $3.6 million net profit in the third fiscal quarter from a net loss of about $468,000 in the same period in 2013, driven by a significant growth in the shipping activity that has helped the company become a pan-India feeder line. 






 
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