Marine link
 

New Year

The New World Alliance to Reduce Ocean Capacity

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.


Asia-Europe Trade May Grow Until February

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 Suffers Another Fire

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


Container Freight Rates Gain

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


Retail Imports Forecast: Up 4.8% in January

Containership at dock in port of Oakland (Katharine Sweeney)

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


Container Volumes Up 2.5% in Los Angeles

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


An ISO Standards New Year’s Resolution:

Captain Katherine Sweeney

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


ISS Offers Management of Pollution Response in China

David Young

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.    


InterManager to Tackle Industry Challenges

InterManager President Gerardo Borromeo

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 Awards £16.5 mi Expansion Contract

Port Authority Chief Executive Sandra Laurenson (l) and Bank of Scotland. David Nicolson, SME Banking Relationship Manager

  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


McDonald's Japan Rations Fries as U.S. Port Labor Dispute Continues

McDonald's Holdings Co (Japan) Ltd has embarked on the emergency measure of only offering small-sized french fries to customers as a protracted labour dispute at U.S. West Coast ports has contributed to long delays in imports. The fast-food chain said it was importing more than 1


Transpacific Box Shippers Plan Freight Rate Rise

Photo: Maersk Line

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level.   The Transpacific Stabilization Agreement (TSA) said the planned


Transpacific Container Shippers Plan Price Rise

File photo: containership at dock.

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The Transpacific Stabilization Agreement (TSA) said the planned


The Economic Impact of Inland Waterway Investment

NWF_148936_2014_EconomicStudy_PowerPoint-12.jpg

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


Port of LA March 2014 Container Volumes Surge

Container ship: Image courtesy of Port of LA

The Port of Los Angeles has released its March 2014 containerized cargo volume figures, showing that container imports surged 42 percent, from 231,397 TEUsin March 2013 to 327,497 TEUs in March 2014. Exports rose 21 percent, from 154,428 TEUs in March 2013 to 187,826 TEUs in March 2014.


TGS reports net revenue of USD 222 mi for Q1 2014

TGS

TGS has reported net revenues of USD 222 million for the first quarter of 2014 a rise of 5% from USD 211 million in Q1 2013.Net late sales totaled USD 137 million, up 9% from USD 127 million in Q1 2013. Net pre-funding revenues rose to USD 74 million and increase of 33% from Q1 2013 - funding


Vard 2014 Order Book Bulging: Q1 2014 Report

Image credit Vard Holdings

Joint Singapore/Norway based offshore & specialised vessel designer and shipbuilder, Vard Holdings, has released its first quarter 2014 financial results, showing its order book value at a five-year high. Highlights Exceptionally high order intake of NOK 5


MOL Achieves 2013 Profitability Goal

Koichi Muto: Photo MOL

The president of Mitsui O.S.K. Lines, Koichi Muto, comments on the company's performance during financial year 2013 in a letter to shareholders, excerpted as follows: Combined with the continuing weaker yen and falling bunker prices, we saw a significant year-on-year improvement in profitability


Brazilian Ports Pause for World Cup Matches

Marcelo of Brazil is challenged by Hector Herrera of Mexico (Photo courtesy of FIFA)

Football fever is so intense in Brazil, the host of the World Cup soccer tournament, that even the main shipping ports in the commodity-exporting powerhouse are shutting down when the national team plays. In Paranagua, Brazil's No. 2 soy exporting port


Holland America Line Offers Diverse Options in Premium Cruising

Half Moon Cay Aerial photo

Travelers looking for an intimate, mid-sized cruise experience in the Caribbean have 126 itineraries to choose from during Holland America Line’s 2014-15 Caribbean season. Featuring nine of the line’s vessels sailing roundtrip from either Fort Lauderdale or Tampa, Fla


Alaska Class Ferries to Be Built in Ketchikan

An announcement was made September 20 that Alaskas new ferries will be built in Southeast Alaska. Adam Beck, President of Vigor Alaska and Alaska Governor Parnell sign the agreement. (Photo courtesy Office of the Governor)

Announced by Governor Sean Parnell Saturday, September 20, the State of Alaska and Vigor Industrial have reached a final agreement to construct two Alaska Class Ferries at Vigor Alaska in Ketchikan. The vessels will be the first Alaska Marine Highway System ferries to be built in Alaska.


Braemar Hosts Insurance Experts

Falmouth

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization course in Falmouth designed to introduce participants to the technical aspects of marine surveying, investigating


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.


Aker Not to lay off Staff

Aker Solution

  Norwegian broadcaster NRK today reported that Aker Solutions' fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. While it is common practice at the yard to adjust the temporary workforce to existing activity levels


Lerwick Port Strengthening Top Deck

Lerwick port

  The Board of Lerwick Port Authority is strengthening its senior management team in support of continuing activity and development at the busy harbour. The move follows an external organisational review, particularly looking at the staff resource required to sustain the high level of






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright