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Coscon News

29 Apr 2016

CKYHE Alliance to Reorganize US East Coast Service

CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016. CKYHE Alliance will provide five Asia-US East Coast services (AWE1/AWE3/AWE4/AWE8/NUE) from early June of 2016. The Alliance members have re-designed the services to provide optimum port coverage from Asia to US East Coast with AWE1/AWE3/NUE services upsized & AWE4/AWE8 services re-structured in order to enhance the competitiveness of the Alliance. Meanwhile, CKYHE Alliance members reconfirm current cooperation scheme on the related East and West Trade(Asia-North Europe services/Asia-Mediterranean…

17 Mar 2016

CKYHE Revises Europe Service Network

CKYHE Alliance - COSCON, "K"Line, Yang Ming, Hanjin and Evergreen Line - is reorganizing its service network for Asia-North Europe and Asia-Mediterranean trades in 2016. The CKYHE Alliance will provide five Asia-North Europe services (NE2/NE3/NE5-CEM/NE6/NE7) and four Asia-Mediterranean services (MD1/MD2/HPM-MD3/FEM) with the optimum port coverage throughout Asia, North Europe, East Mediterranean, andWest Mediterranean region from end of March of 2016. CKYHE Alliance will continuously offer quality service to customers by enhancing service efficiency, providing stable transit time and offering more flexible port-pair options. Xingang-Dalian-Qingdao-Shanghai-Ningbo-Singapore-Felixstowe-Rotterdam-Hamburg-Antwerp-Shanghai-Xingang.

15 Mar 2016

Deng Huangjun New CFO for China Cosco

China Cosco Holdings has appointed Deng Huangjun as its new chief financial officer, after his predecessor Tang Runjiang resigned. Deng, 53, is also a director and deputy managing director at Cosco Pacific. Tang Runjiang has resigned with effect from 14 March 2016 due to change in job arrangement, informs a statement from the company. Tang Runjiang has confirmed that he has no disagreement with the Board, and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. The Company expresses its sincere gratitude to Tang Runjiang for his valuable contributions as chief financial officer of the Company during his term of office.

10 Mar 2016

WSS to Supply Gas Detectors for COSCON Container Fleet

WSS is installing Unitor gas detectors on 70 COSCON vessels (Photo: WSS)

Wilhelmsen Ships Service (WSS) has signed a contract with COSCO Container Lines Co. Ltd (COSCON) to supply its Unitor multi-gas detectors to the company’s expanding container fleet. The deal, worth more than $200,000, covers 70 vessels, including 20 newbuilds scheduled to launch between now and 2018, plus a five-year service agreement to maintain the detection units. “WSS have consistently delivered the products and service solutions our business demands,” said Mao QingDao, Technical Director of the COSCON fleet.

26 Jan 2016

COSCON Selects CargoSmart’s Carrier IT Solutions

CargoSmart Limited, a shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced that COSCO Container Lines Co. Ltd. (COSCON) has started to implement CargoSmart’s online customer service and ocean carrier analytics solutions. The customer service solutions provide COSCON with process-oriented documentation and visibility tools for its customers to manage their shipments online. The carrier operations solutions help COSCON to optimize their vessel operations. Using predictive analytics, COSCON leverages CargoSmart’s global vessel and route data to improve planning, marine operations, and cost savings. Increased visibility to vessel operation exceptions and potential disruptions enables COSCON to respond faster and save costs.

02 Dec 2015

DNV GL to Class SWS Built ULCS

DNV GL signed a newbuilding classification agreement with Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) for the classification of three 20,000 TEU ultra large container ships (ULCS) for COSCO Container Lines Co., Ltd. (COSCON). Scheduled for delivery beginning in January 2018, the vessels will be dual classed by DNV GL and China Classification Society (CCS) and will be deployed in the Far East–Europe trade. “This contract is another milestone in China’s evolution into one of the world’s leading shipbuilding nations,” said Jan-Olaf Probst, Head of Business Development Hamburg. “SWS has been on a very strong development path and has consistently been one of the top Chinese yards in terms of efficiency and innovation…

20 Nov 2015

Evergreen Advises NUE3 (AWS) Seasonal Suspension

COSCON, Yang Ming, Hanjin Shipping and Evergreen Line are to implement winter service adjustment to NUE3(AWS) service, in response to seasonal market demand. The lines will suspend NUE3(AWS) service effective from December 3, 2015.   The last voyage of NUE3(AWS) would the sailing from Ningbo of the M/V Nagoya Tower Voy. 0012E/W on November 19.   Meanwhile other AWE services will continue to provide high service quality to customers. CKYHE alliance will still be providing one of the most comprehensive service coverages in the market even after this adjustment.

18 Nov 2015

Liberian Registry Appoints London GM

Kostas Ladas (Photo: Liberian Registry)

The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Kostas Ladas as general manager of its London office. Ladas joins LISCR from London-based ship and insurance broker and agent Victoria Steamship Co. Ltd., where he was vessel operations manager. Prior to that, he spent over 25 years with Coscon/Cosco (U.K.) Ltd. in London, where he held a variety of executive roles, including Chartering & Shipbroking deputy general manager, commercial manager and company legal adviser.

14 May 2015

Cosco Scraps Four Vessels

China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million  (USD9 million), says a statement from the COSCO. The units were sent for disassembling from 1 April 2015 to 30 April 2015. The two decommissioned container vessels ((Xiu He and Ya He) )were previously owned by COSCO Container Lines Co., Ltd (COSCON). The two decommissioned bulk carriers (Tianfu Hai and Ming Hai) were previously owned by China COSCO Bulk Shipping (Group) Company Limited (COSCO Bulk), both wholly-owned subsidiaries of the company.

14 Jan 2015

Shippers Take Measures to Limit OW Bunker Fallout

Shipping firms have paid millions of dollars into U.S. accounts to prevent their vessels from being detained due to non-payment of bills for fuel supplied by the bankrupt OW Bunker, indicating the impact from the collapse of the Danish firm was spreading. OW Bunker filed for bankruptcy in November after losing almost $300 million in alleged fraudulent trading in Singapore, leading to claims by distributors who sold shipping fuel on behalf of OW Bunker but had not been paid. Some 13 cases involving bunker bills totalling about $12 million have been filed at New York's southern district court, a maritime lawyer said. U.S. court documents seen by Reuters show 11 firms…

17 Jun 2014

Deep Sea Carriers Attracted to Intra-Asia Routes: Analysis

Cargo growth on intra-Asia routes is attracting deep-sea carriers due to the availability of cheap charter vessels and economies of scale between China and SE Asia, but regional players also know how to form defensive alliances, reports Drewry Maritime Research in its latest 'Container Insight Weekly'. Financially troubled deep-sea ocean carriers are increasingly seeking salvation in the intra-Asia market due to higher than usual cargo growth and the availability of cheap vessel charter rates. Seldom does a month pass without the announcement of at least one new regional service, some of which now deploy vessels over 4,000 teu. Maersk-owned MCC Transport/NYK’s weekly Japan-China-Thailand schedule calling at Tokyo, Yokohama, Nagoya, Kobe, Hong Kong, Shekou, Laem Chabang, Xiamen and Tokyo.

07 May 2014

Shippers Launch Joint Direct Asia-West Africa Service

MOL Liner Ltd. (MOL), Evergreen Line and COSCO Container Lines Co., Ltd. today announced the launch of a weekly direct service from Asia to West Africa, branded the WA1. The new express link will further enhance each company's service network to cover strategic markets in Africa to meet increasingly diverse commercial requirements. The jointly operated 12-vessel service will commence from Shanghai on June 2, 2014, with six of the ships being operated by MOL, four by Evergreen Line and two by COSCON.

12 Sep 2013

UASC Set to Challenge Top 12 Container Ship Operators

Photo courtesy of UASC

United Arab Shipping Company’s (UASC) confirmation last week that it has ordered 5 x 18,000 vessels and 5 x 14,000 teu vessels for delivery between late 2014 and mid-2015 is the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst into the container market in the late 1990’s, according to Drewry Maritime Research. The order will increase UASC’s vessel capacity offered at the end of last year by around 60%, and propel it from the bottom of the top 20 league to the lower ranks of the top 12.

10 Sep 2013

UASC Challenges Top Players

Although the top 12 ocean carriers in the world today look set to continue dominating the market up to at least the end of 2014, UASC’s recent newbuild order will propel it up the ladder in a startling way. United Arab Shipping Company’s confirmation last week that it has ordered five 18,000 vessels and five 14,000 teu vessels for delivery between late 2014 and mid-2015 is the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst into the container market in the late 1990s. It will increase UASC’s vessel capacity offered at the end of last year by around 60%, and propel it from the bottom of the top 20 league to the lower ranks of the top 12.

08 May 2013

Black Sea Terminal Operator Continues Development Program

NUTEP has completed the latest phase of its ambitious development program with the upgrade of its railway facilities at the Black Sea port of Novorossiysk.

NUTEP, a container terminal operator in the Black Sea port of Novorossiysk, completed the latest phase of its ambitious port development program  with the upgrade of its railway facilities there. The company has removed the original rail lines, constructed a new yard at the rear of the terminal and increased overall block-train capacity at the terminal to 30 trains – about 112 TEU each – a month. The total length of the railway lines is now more than 4km and, at 425m each, the two new loading sidings allow NUTEP to handle two block-trains a day.

15 Mar 2012

Korean Shipbuilder Delivers 13,100 TEU Container Ship

Seaspan Corporation announce that it accepted delivery of a 13100 TEU containership, the COSCO Faith. The new containership, which was constructed by Hyundai Heavy Industries Co., Ltd., is Seaspan's second delivery in 2012 and expands the Company's operating fleet to 67 vessels. The COSCO Faith is on charter to COSCO Container Lines Co., Ltd. ("COSCON") under a twelve-year, fixed-rate time charter. The ship is the sixth of eight 13100 TEU sister ships and the 16th of a total of 18 vessels to be chartered by Seaspan to COSCON. Seaspan is a leading independent charter owner and manager of containerships, which it charters primarily pursuant to long-term fixed-rate time charters to major container liner companies.

21 May 2010

Seaspan Gets Forty-Ninth Containership

Seaspan Corporation (NYSE:SSW) accepted delivery of another 8500 TEU containership named the COSCO Malaysia from Hyundai Heavy Industries Co., Ltd. on May 19, 2010. This is Seaspan's seventh delivery in 2010, expanding the company's operating fleet to 49 vessels. The COSCO Malaysia is on charter to COSCO Container Lines Co., Ltd. (COSCON) of China under a twelve-year, fixed-rate time charter. The COSCO Malaysia is the fourth of eight 8500 TEU sister ships and the sixth of a total of eighteen vessels to be chartered by Seaspan to COSCON.

15 May 2008

Evergreen/COSCON Upgrade China/Persian Gulf Services

Evergreen and COSCON will launch a weekly independent service to cover the China/Arabian Persian Gulf route starting from early June 2008. These will replace the CPG service, jointly operated by Evergreen and COSCON. Evergreen will deploy six 3,400-TEU size vessels into and Arabian Persian Gulf service (CPG2) with the rotation as Qingdao-Shanghai-Ningbo-Yantian-Hong Kong-Tanjung Pelepas-Jebel Ali-Dammam-Nhava Sheva-Singapore-Kaohsiung-Qingdao. Ali-Banda Abbas-Karachi-Singapore-Shanghai. Evergreen will maintain cooperation with COSCON on this trade lane through a slot swap arrangement. With these two new loops, Evergreen and COSCON will be able to widen the range of market visibility in Far East/Middle East trade.

29 May 2009

CHKY Alliance Reorganizes Far East Srvcs

The CKYH Alliance (COSCON, “K” Line, Yang Ming and Hanjin Shipping) has reorganized its CNEU Far East service, and is once again offering two independent services. At the end of the season in December 2008 the AE-N and AE-S services had been combined into a single service. With the arrival in Hamburg of the COSCO Africa on 20 May and the COSCO Guangzhou on 23 May, the two original round trips have been restored. Under the AE-N service, the COSCO Guangzhou (9,469 TEU) regularly sails from Dalian via Xingang (Tianjin), Qingdao, Ningbo, Nansha (Guangzhou), Singapore and Rotterdam to Hamburg, Europe’s most important seaport for trade with China and the Far East.

25 Jul 2009

New China-South East Asia Express (CSE) Service

Evergreen Line and Cosco Container Lines (COSCON) will launch a new joint service, the China South East Asia Express Service (CSE), expected to take effect from Shanghai on 26 July 2009. The service will operate with four 2,100 TEU vessels. Evergreen will deploy one vessel and three ships will be supplied by COSCON.   The port rotation is as follows: Shanghai - Dalian - Xingang - Qingdao - Ningbo - Manila (south) - Jakarta - Singapore - Tanjung Pelepas - Port Kelang - Shanghai. The company's spokesman said, "By working together, we hope to see significantly upgraded service coverage and more efficiently utilized capacity on the South East Asia market."

28 Aug 2009

Evergreen, CKYH Alliance Rationalization Plan

Evergreen Line has announced a rationalization plan with the CKYH Alliance (Coscon, "K"LINE, Yang Ming, Hanjin Shipping) for the U.S. East Coast / Northwest Europe Service. The new service combines their Evergreen Line's Trans Atlantic string of North Asia-U.S. East Coast-Europe pendulum service (NUE) and the Alliance's existing Trans Atlantic service - loop1 (TAS1) into a new Trans Atlantic Express service (TAE) commencing September 2009. The new TAE service will operate with four 2,400-TEU vessels with Evergreen Line and the CKYH Alliance each deploying two vessels. The port rotation is as follows: Antwerp - Bremerhaven - Rotterdam - Le Havre - New York -Norfolk - Charleston - Antwerp.

11 Mar 2010

Seaspan Accepts Delivery of Two New Vessels

Seaspan Corporation (NYSE:SSW) announced the delivery of its 44th and 45th vessels, the Guayaquil Bridge and the COSCO Japan. The Guayaquil Bridge, a 2500 TEU vessel delivered on March 5, 2010, was built by Jiangsu Yangzijiang Shipbuilding Co., Ltd. It is on charter to Kawasaki Kisen Kaisha Ltd. (K-Line) of Japan under a ten-year, fixed-rate time charter. The Guayaquil Bridge is the first of seven Seaspan vessels to be chartered to K-Line. The 8500 TEU COSCO Japan, which was constructed by Hyundai Heavy Industries Co., Ltd., was also delivered on March 5, 2010. The COSCO Japan is on charter to COSCO Container Lines Co., Ltd. (COSCON) of China under a twelve-year, fixed-rate time charter. It is the third of eighteen vessels to be chartered by Seaspan to COSCON.

26 Apr 2010

Delivery of Seaspan’s 47th Containership

Seaspan Corporation (NYSE:SSW) accepted delivery of an 8500 TEU containership named the COSCO Philippines from Hyundai Heavy Industries Co., Ltd. on April 23, 2010. This is Seaspan's fifth delivery in 2010, expanding the company's operating fleet to 47 vessels. The COSCO Philippines is on charter to COSCO Container Lines Co., Ltd. (COSCON) of China under a twelve-year, fixed-rate time charter. The COSCO Philippines is the third of eight 8500 TEU sister ships and the fifth of a total of eighteen vessels to be chartered by Seaspan to COSCON.