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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)


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.


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


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’


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)


New 'Mega Passenger Ship' for Star Cruises

Concept design of the new Global Class mega cruise ship to be built by MV Werften for Star Cruises (Image: Elomatic)

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany.  


Scorpio Bulkers books Net Loss

Photo: Scorpio Bulkers

 USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.   The New York-listed dry bulk ocean shipper posted revenue of $17.4 million in the period.  


This Day In Naval History: July 25

Ships Sponsor, Naunita Harmon Carroll, and her party at the Fore River Shipyard during the USS Harmon (DE 678) launching ceremonies in Quincy, Mass. on July 25, 1943. (U.S. Navy photo from the Naval History and Heritage Command)

1898 - During the Spanish-American War, a landing party from the armed yacht, USS Gloucester, single-handedly captures Guanica, Puerto Rico. 1943 - The first Navy ship named for an African-American, USS Harmon (DE 678), is launched. USS Harmon is named in honor of Mess Attendant 1st Class


China to Add 8 Cruises to Push Tourism in South China Sea

Photo: Sanya Tour

Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing services to tap the travel market in the South China Sea, says China Daily.


Hapag-Lloyd, UASC Signs Merger Agreement

Pic: Hapag-Lloyd, UASC

 Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) have signed a Business Combination Agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.    Besides the Business Combination Agreement (BCA) between the


Hapag-Lloyd, UASC Merger

Photo Hapag-Lloyd

Hapag-Lloyd and UASC have signed a Business Combination Agreement.   The Combined company will rank among the world´s five largest liner shipping companies and will operate one of the most modern fleets in the industry / Company will operate 237 vessels with total transport capacity


Hapag-Lloyd Still Strong in Canada

From left to right: Rolf Habben Jansen, CEO of Hapag-Lloyd; Philippe Couillard, Premierminister von Quebec; Anthony J. Firmin, COO of Hapag-Lloyd. Photo: Hapag-Lloyd

 Hapag-Lloyd remains the market leader among liner shipping companies in Canada. In the past year, the shipping company saw its market share increase to over 18%.    Hapag-Lloyd is the largest liner shipping company in terms of throughput volume at both the Port of Vancouver and


Ruscon Integrates Terminal Operations in Novorossiysk

File photo: RUSCON

RUSCON, a multimodal operator in Russia, is integrating its terminal operations close to the Black Sea port of Novorossiysk.   RUSCON’s Novorossiysk and Yug terminals have been cooperating and using shared software since 2014 but this move will ensure that total throughput will


EU Accepts Antitrust Concessions from Maersk, MSC, Others

File photo: Maersk Line

EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 other competitors to change their pricing practices.   The companies agreed to publish binding actual rates 31 days before they go into effect


Neptune Lines Appoints Agent in Arabian Gulf

Photo: ISS

Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Lines’ new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar.   As agents for Neptune Lines in these three countries


Partners Spur Smart Shipping Software Development

The world’s largest shipbuilder has launched an initiative with several industry partners that aims to help small and medium-sized ICT companies develop software for smart shipping, a so-called Eco System for Smart Ships.   Under the Memorandum of Understanding


MOL Benefactor - First Neo Panamax Containership Transits Expanded Canal

MOL Benefactor transits through the new canal Photo MOL

Mitsui O.S.K. Lines, Ltd.  today announced that the MOL Benefactor, a 10,000-TEU containership has successfully passed through the expanded Panama Canal on July 1, 2016. This is significant in that the MOL Benefactor is the first Neo-Panamax containership to perform a commercial transit


CSCL to Change Name to Cosco Shipping Development

Photo: China Shipping Container Lines

 China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co (CSDC), in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs).  


OOCL Tops the Chart in Reliability

Photo: Orient Overseas Container Line

 According to the latest Carrier Performance Insight, produced by Drewry Supply Chain Advisors,  the most reliable carrier in May was Orient Overseas Container Line (OOCL), which had an on-time reliability average of 81.1%, closely followed by niche carrier Wan Hai at 81.01%. 


Six-Month High for Service Reliability

Graph: Drewry Research

 Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.   The on-time average of 76.0% for the 10 trades covered was a 4






 
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