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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)


No Signs of Improvement in Container Rent Seen: Cosco Pacific

Photo: Cosco Pacific

Cosco Pacific said it has seen no signs of a pick-up in the container leasing market, as oversupply continues to haunt the liner industry. Executive director Feng Jinhua said that the container leasing business has showed a down trend since 2012 and hovered at a low level


LNG Drive: Helgoland Leaves Building Dock

MS Helgoland by Cassen Eils

 After almost nine months of construction has MS "Helgoland" the new LNG (Liquefied Natural Gas) ship of Cassen Eils from Cuxhaven, left the building dock of the Fassmer-Werft shipyard.   Helgoland will be the first German flagged marine vessel to operate on LNG as its


Norwegian Cruise Ship Ran Aground off Bermuda

Norwegian Dawn. Photo: NCL Corporation Ltd

 The Norwegian Dawn cruise ship with more than 3,700 people on board ran aground in Bermuda after the vessel temporarily lost power.   Small boats, divers and tug boats circled the liner Norwegian Dawn for hours before high tide helped push it off the reef and into deeper water


Norwegian Dawn Arrives In Boston

Norwegian Dawn. Photo: NCL Corporation Ltd

 The Norwegian Dawn, the cruise liner that ran aground as she left Bermuda this week, has arrived in Boston.   A story in the Boston Herald says, “Passengers on a cruise ship that ran aground on a reef near Bermuda during a seven-day vacation shrugged their shoulders and said the


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


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


Zim Offers Asia-US east coast service via Suez

Graphics: Zim Integrated Shipping Services

 Israeli liner carrier Zim Integrated Shipping Services is launching a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.   The 10-ship loop will call in South China, Vietnam, Colombo, New York, Savannah and Norfolk


GEA UV Ballast Water Treatment

GEA

Earlier this year GEA won the first contract for equipping cruise liners with its UV ballast water treatment system, BallastMaster marineX, powered by Trojan Marinex. The contract is to equip two new vessels with one BallastMaster marineX each, as well as an option for equipping a third


BIMCO, Global Shipping Forum launch “SERVICECON”

Port of Hamburg

  BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers.


NZ Ports to Turn Away Cruise Liner

Ovation of the Seas by Royal Caribbean Cruises

 Radio New Zealand says that ports of Auckland is set to turn away one of the world's largest cruise ships after agreeing with its council-owner not to build one of two planned wharf extensions.   It said, without the extension, it could not berth the Ovation of the Seas


Dredger Conversion and Upgrade

Photo: Dredge Yard

Dredge Yard, a company specialized in dredging and mining components, equipment and technologies, shares insight  into the upgrading of equipment, modification of dredging system and conversion of existing vessels into dredgers.   


Kestrel Liner Agencies, SSL Extend Logistics Cooperation

Scandinavian Shipping & Logistics appointed as agent for Scandinavia and the Baltics by Kestrel Liner Agencies /Tropical Shipping   Scandinavian Shipping & Logistics (SSL) and Kestrel Liner Agencies / Tropical Shipping have agreed to extend their cooperation to Estonia






 
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