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
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
2013 Estimated at 2.8 Percent Over 2012. Import volume at the nation’s major retail container ports is expected to grow 4.8 percent in January over the same month last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Estimates show 2013 up 2.8 percent over 2012. “Retailers are still assessing the holiday season, but they’re also looking ahead to see what will happen in the new year
The Port of Los Angeles has released its January 2014 cargo volumes. January overall volumes increased 2.5 percent compared to January 2013. The increase is due in part to shippers moving cargo in advance of the Chinese New Year, which this year fell on January 31. Container imports increased 6.7 percent, from 337,428 Twenty-Foot Equivalent Units (TEUs) in January 2013 to 360,037 TEUs in January 2014. Exports increased 1
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
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.
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
Lerwick Port Authority has awarded a construction contract for the latest expansion of the harbour’s facilities in a project costing a total of £16.5 million and which will benefit the fishing and oil sectors. The new jetty at Holmsgarth North will provide deeper berthing and more working area for the fishing fleet, while the outer arm of the L-shaped jetty will create a dock sheltering a planned new white fish market
The new President of the International Shipsuppliers & Services Association (ISSA), Abdul Hameed Hajah, has outlined his priorities for the year ahead with innovation and cross industry cooperation sitting at the top of his agenda. Hajah
Crude oil, iron ore and soybean shipments hit monthly record. China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home.
January 1, 2015 is an important date for ship owner and operators to ensure that their vessels, when operating inside ECA zones, are doing so in compliance with strict new emission edicts concerning the emission of sulfur. While the effects of low-sulfur fuel on marine engines is well recorded
Passenger vessel safety isn’t just a third world problem. It’s a worthy challenge to take up in 2015 and at the same time, a completely sobering way to ring in the New Year. As the clock ticks down on yet another year, I couldn’t help but take note of the new cruise ship
A recently released study entitled INLAND NAVIGATION IN THE UNITED STATES evaluates the economic impacts and the potential effects of infrastructure investment on our economy. The comprehensive, 98-page document was prepared by the University of Kentucky and the University of Tennessee in November
USS Carl Vinson (CVN 70) and embarked Carrier Air Wing (CVW) 17 Sailors were among the first to ring in the New Year during their Western Pacific/Arabian Gulf deployment Dec. 31, celebrating hours prior to friends and family in the ship's homeport of San Diego and across the U.S.
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled. Brent was down 91 cents at $56.42 a barrel
Hyundai Heavy Industries opens 2015 with the simultaneous naming ceremony of two 10,000 TEU containerships Hyundai Heavy Industries (HHI), hailed the New Year by naming two 10,000 TEU containerships for a Greek shipping line, Oceanbulk Maritime SA.
International accountant and shipping adviser Moore Stephens says shipping needs to adopt a can-do attitude in order to successfully meet the challenges which are likely to come its way in 2015. Moore Stephens shipping partner Richard Greiner says
Kwon Oh-gap, president and chief executive officer of Hyundai Heavy Industries (HHI), issued a New Year’s address, highlighting the company’s challenges and goals for 2015. As cited by HHI’s president, among the companies top challenges are “persisting global
Mustang Marine, which is under a new ownership and management structure after being bought out of administration in May 2014 by a group of nine investors, has completed a broad range of orders in what was a successful second half of 2014, the company reports
Our annual Ferry and Passenger Vessel edition kicks off the New Year in high gear, even if oil prices aren’t necessarily following suit. As vessel operators – our ferry drivers included – celebrate lower bunker prices, another maritime subset frets over what might happen to the
TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note, armed with US$75.4 million in new liftboat orders. The latest liftboat contracts not only add to its orderbook
On December 10, 2014, SCI launched a major initiative to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony, the Seamen’s Church Institute (SCI) pushed the proverbial
Seamen’s Church Institute (SCI) launched an initiative on December 10, 2014 aiming to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony