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Moore Stephens: Ship Operating Costs to Rise in 2018, 2019
International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance.
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades…
APM Terminals Pier 400 Los Angeles Sets New Single Vessel Record
APM Terminals Pier 400 Los Angeles has established a new single vessel cargo operations record during the call of the 13,600 TEU capacity Maersk Evora, with a combined total of 24…
CMA CGM Theodore Roosevelt to Inaugurate New Bayonne Bridge
On July 26, 2017, the new CMA CGM Theodore Roosevelt began its voyage by leaving Asia’s shipyards to begin its rotation on the South Atlantic Express Service (SAX) from Hong Kong to Shanghai.
Alexander Acosta visits APM Terminals
APM Terminals Pier 400 Los Angeles hosted U.S. Secretary of Labor R. Alexander Acosta today, as he toured the world’s largest proprietary container terminal, and…
Oakland Port to See Cranes Going Higher
Up to six 366-foot-tall cranes will soon be raised 27-feet higher at the Port of Oakland. The port said the $14 million-to-$21 million project will begin this spring at its largest marine terminal.
Obituary: Stewart B. Nelson
Stewart B. Nelson, Ph.D. - B. June 9, 1937 D. Dr. Stewart B. Nelson URI -MMA 1974, oceanographer, explorer, author, lecturer and marine historian passed away of…
Port of Long Beach CEO Resigns
Port of Long Beach CEO Jon Slangerup announced his resignation, effective October 28, 2016. Slangerup will step down as head of the nation’s second largest port to take a position as Chairman and CEO of an aviation technology company effective October 31, 2016. Soon after joining the port in June of 2014, Slangerup helped address the major congestion challenge that affected the San Pedro Bay port complex and the national goods movement network.
APM Terminals LA Makes Room for Mega Ships
The 10 STS Cranes will be the tallest in service at any American port; new LED lighting on the crane booms will increase visibility while significantly reducing energy consumption…
APMT Prepares for 20,000 teu Ships on Pacific
APM Terminals, the port terminal operator arm of Danish shipping conglomerate AP Moller-Maersk A/S, has signed an agreement to enlarge 10 STS cranes at its Pier…
CMA CGM’s Benjamin Franklin Ends US-Asia Route
French shipping line CMA CGM SA will no longer run the mega containership Benjamin Franklin between Asia and the U.S. West Coast, on account of weak market conditions, reports FT.
CMA CGM to Delay Mega-Ship Move
CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade. The much-anticipated launch of a weekly service…
Long Beach Port Breaks Another Record
The arrival of the biggest ship to visit North America catapulted the Port of Long Beach to its highest cargo volume for the month of February and extended cargo…
CMA CGM Volume Strong, Profit Dips
French carrier CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the company said it’s counting on cost cuts and the pending…
CMA CGM Deploys Six Mega Ships between Asia and US
CMA CGM’s six 18,000 TEU vessels named after great explorers will be deployed on the trans-Pacific market and help to accelerate its growth, the container shipping company announced today. Beginning from the end of May 2016, the CMA CGM Group will deploy its flagship fleet of six 18,000 TEU vessels between Asia and the West coast of the U.S. on the Pearl River Express service. The six container vessels – CMA CGM Bougainville…
CMA CGM Benjamin Franklin Calls Seattle
Largest cargo vessel to visit U.S. The largest cargo ship to visit the United States, the CMA CMG Benjamin Franklin, arrived Monday at The Northwest Seaport Alliance’s Terminal 18 in Seattle. The Benjamin Franklin has capacity for 18,000 20-foot equivalent container units (TEUs), more than double the cargo of most container ships calling at Northwest Seaport Alliance terminals. If laid end-to-end, the 18,000 TEUs would stretch from Tacoma to Everett, a distance of about 68 miles.
CMA CGM Benjamin Franklin Inaugrated in Long Beach
Shipping group CMA CGM announced that the 18,000 TEU capacity CMA CGM Benjamin Franklin, the largest vessel ever to call the United States, will be inaugurated today in Long Beach, Calif. in the presence of Jacques R. Saadé, CMA CGM Chairman and Chief Executive Officer. The inauguration will gather more than 600 American figures from economic, industrial, institutional and political backgrounds. Alongside Jacques R.
Mega Containership to Receive US Inauguration
The largest containership ever to dock at a North American seaport has returned to Southern California. The Benjamin Franklin will officially enter service for the first time on Friday in Long Beach following an inauguration ceremony hosted by French shipping line CMA CGM and attended by elected leaders, port officials and industry executives. The CMA CGM Benjamin Franklin, which has a container capacity of 18…
Megaship Benjamin Franklin to Call at Seattle and Long Beach
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California.
New Safety Initiative at LA's APM Terminals
A new safety initiative at the world’s largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised…
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The Importance of an Effective Oil Analysis Program
