The New World Alliance said it will temporarily reduce capacity on selected Trans-Pacific Trade services to coincide with Lunar New Year factory shutdowns in Asia. The three container shipping lines in the alliance -- APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) said the winter deployment program is expected to last six weeks; more if necessary. "We'll review demand and capacity again well in advance of the peak shipping season," said APL President Eng Aik Meng. "As conditions warrant, we'll re-introduce capacity." Winter deployment programs are routine for The New World Alliance carriers and the Trans-Pacific Trade in general, where Asian exports slow significantly during the Lunar New Year holiday break. Factory closures sharply curb the production of finished goods which are a staple of the trade. Alliance members said Lunar New Year factory closures this year are expected to be longer than usual, perhaps up to three or four weeks. Alliance carriers said they will reduce capacity during the period by selectively omitting sailings on the SAX, PSW, PCX and PCE services. They said other services may be adjusted to ensure complete port coverage and that customers will be notified ahead of deployment changes.
Maersk Line believe demand for trade on its Asia- Europe route may grow until Lunar New Year in February. Imports into China have also helped increase demand as raw materials are shipped to Asia’s largest economy for final assembly while local consumers increase spending, Bloomberg learned from Tim Smith of Maersk Line in a Hong Kong television interview. A year-end surge in demand also prompted the container line, owned by A.P
Carnival Corp.’s spate of bad luck continued in the new year, as a fire reportedly broke out aboard the cruise ship Celebration Wednesday, leaving the vessel adrift in the Caribbean for hours without engine and main electrical power, according to owner Carnival Cruise Lines. None of the passengers or crew were injured by the fire, which began shortly after midnight in one of three auxiliary generators as the Celebration sailed about 100 miles northwest of Montego Bay, Jamaica, Carnival said
Objectives & Targets add up to “Saying What You Mean, Meaning what You Say and then, Proving it.” As a maritime compliance auditor in the field, I’m often called upon to explain the ISO’s (International Standards Organization) approach to continual improvement which says a company shall establish, implement and maintain documented objectives and targets at each relevant function and level within the organization
A short-lived revival in rates still means rich pickings for shippers coming into the transpacific contracting season, but beware the capacity crunch to come. Shippers should not lose sleep over the recent, short-lived jump in spot rates, but ought instead focus on ways to mitigate the risk of another sudden capacity crunch later in the year, urges Drewry Maritime Research. Freight rates on east-west trades have been in the ascendency of late
Inchcape Shipping Services China launches pollution regulation intermediary service. Inchcape Shipping Services (ISS), the world’s leading maritime services provider, today announced the launch of an intermediary service for ships calling at ports in China. The move is in response to new pollution prevention and control regulations introduced by Chinese regulators and the service is already fully operational.
Development at the Dubai Maritime City has moved forward in the New Year with progress being made in construction of industrial infrastructure works and related support structures/ The scope of infrastructure works well underway with the first ship lift positioned in November 2006 and the excavation for the 2nd lift nearing completion. This activity is critical as it will pave the way commencement of the JADAF relocation and early occupation of the industrial precinct by the JADAF tenants
The Aker Kvaerner subsidiary, Maritime Pusnes, has had a busy start to the new year winning contracts for over NOK 180 million. The contracts involve both marine and offshore equipment demonstrating MP's strength in both these market sectors. The contract awards comprise: Two contracts to supply mooring and riser pull-in equipment for a Floating Production, Storage and Offloading (FPSO) vessel that will be located off the coast of Angola
At its annual board meeting on 29 October 2012, the board of the UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, agreed that the general increase for 2013 renewal will be 7.5 percent. The premium rating increase is in addition to any increase in the cost of the International Group reinsurance premium for 2013 for the mutual members, which will be determined in the New Year.
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year. In addition to fears about how challenging market conditions impact on operating budgets, ship and crew managers are also concerned at the difficulties of finding and retaining quality
HMC is nominated for the title “Enterprise of the Year 2013.” HMC is a heavy transport engineering company within The Netherlands and acts worldwide. For over 25 years, “the Enterprise of the Year” award is one of the highest achievements in the municipality of Almere in
The U.K. Department of Energy and Climate Change (DECC) issued a news release stating that the interim report on the economic and energy security opportunities still available from the U.K.’s offshore oil and gas resources has been completed
A&P North East shipyard announces that the Subsea7 vessels 'Acergy Discovery' and 'Rockwater 1' will be dry-docked at the company's Tyne facility in November and December 2013. For the Acergy Discovery the main SOW covers thruster overhaul and general maintenance.
Tundra Maritime Defense Services (MDS), has been certified by Lloyd’s Register Quality Assurance (LRQA) to ISO/PAS 28007, the Guidelines for Private Maritime Security Companies (PMSCs). The certification, explains Tundra, gives established guidelines to private maritime security companies
Famed for Finding Oil Deposits on the Seafloor after the Gulf of Mexico Deepwater Horizon Accident, the Invaluable Seagoing Laboratory is up for Sale. Meticulously tended to by a professional crew, and certified for another decade of exploration
Austal USA today finds itself plowing into 2013 with the proverbial bone in its teeth, powered by an enviably hefty U.S. government backorder book, possibly the most modern and efficient manufacturing infrastructure in U.S. shipbuilding and the leadership of a new President who
The Stifel Logistics Confidence Index increased for the fourth consecutive month in February 2013, according to the latest survey undertaken by Transport Intelligence. The index combining both the current and expected situation rose 3.3 points to 52.1 from 48.8 in January.
Ocean and airfreight rates moved in opposite directions in January, according to Drewry’s monthly Sea and Air Shipper Insight. Ocean shippers moving cargo on the key East-West trades continued to see marginal increases for spot cargo in January due to a combination of a seasonal volume
The Port of Los Angeles has released its February 2013 cargo volumes. Overall volumes increased 16.99% compared to February 2012. The increase was due in part to a surge in imports prior to the closure of factories for the Chinese New Year.
Port of Long Beach (POLB) terminals saw a dramatic 37% increase in cargo in February 2013 compared to same month last year. The terminals moved 36.6 percent more containers compared to the same month one year ago ― including a nearly 46 percent surge in imports and a 17.2 percent jump in exports
The market continues to struggle, and Drewry's latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February. Weak demand hammered freight rates on major routes, especially for the larger vessel segments
The Port of Los Angeles released its March 2013 cargo volumes. After a 17% surge in February cargo volumes, overall volumes in March decreased 22.6% compared to March 2012. The decrease was due in large part to the timing of the Chinese New Year
Following five consecutive monthly increases, the overall Stifel Logistics Confidence Index fell 1 index point to 51.5 in April. Despite the decline, the index remained above the significant 50 mark, denoting expansion, for the third consecutive month.
The Board of Directors of France’s CMA CGM, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the three months ended March 31, 2013. Consolidated revenue rose by six percent in the period, to $3
LBC Tank Terminals, one of the largest independent operators of bulk liquid storage terminals & the second largest independent chemical storage company in terms of global storage capacity announce that Chief Financial Officer, Lucas Barry, plans to leave LBC to return to his native Australia.