Joint Service News

Vice Adm. Linda L. Fagan has been nominated by the White House to be the next Vice Commandant of the U.S. Coast Guard. She would become the first Coast Guard female four-star admiral and the third woman to serve as Vice Commandant.Pending confirmation, Fagan is expected to relieve current Vice Commandant of the Coast Guard Adm. Charles W. Ray on June 18.“Vice Adm. Fagan is an outstanding leader with 36 years of Coast Guard operations, policy-making, joint service, and interagency experience,” said Adm. Karl L. Schultz, Commandant of the U.S. Coast Guard.

Stolt-Nielsen has via Stolt Tankers B.V. agreed to buy five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service, in a move to modernize its fleet.The five ships, which are 26,000 dwt and with stainless steel cargo sections, were built in China in 2016 and 2017. The purchase of each ship isexpected to close between December 2020 and February 2021. Further terms of the transaction were not disclosed.Stolt Tankers President, Lucas Vos, said: "This acquisition is an excellent opportunity for Stolt Tankers to replace ships being retired in the next few years, lowering our fleet age profile with competitively priced ships that can trade in any of our deep-sea lanes.

Norway's Aker Solutions has forged an alliance with the German technology giant Siemens to further develop digital offerings in engineering, operations and services.The global engineering company based in Oslo said that the collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle.In addition, the companies will further develop specific offerings for the oil and gas sector based on Siemens' Comos engineering platform. These solutions will help customers to reduce engineering and operational cost and enable improved decision making…

Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg Sud prefers their vessels call APM Terminals' facilities in Itajai (Brazil) and T4 in Buenos Aires (Argentina). The weekly Asian service, operated jointly with 13 vessels from Hapag-Lloyd, NYK, Zim, Hamburg Süd and Hyundai, will call the Asian ports of Kelang, Singapore, Qingdao, Shanghai, Ningbo, Hong Kong, Shekou and Busan. The service will begin August 25th with the arrival of the first vessel into Terminal 4 Buenos Aires.

Wan Hai Lines has announced its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service) and cooperating with COSCO Container Lines with a new joint N.PRC-Thailand service (CT1) and securing slots on COSCO’s E.PRC-Thailand service. Wan Hai Lines’ independent CVT service will be restructured with effect from 10th July 2017, and turn into a China-Vietnam express dedicated service (CV1 service) with three vessels of 1,200 TEU intakes, which covers Shanghai – Qingdao – Xiamen – Hong Kong – Shekou – Da Nang – Hochiminh – Shekou – Shanghai. The new joint service with COSCO, to be named CT1 by WHL, will deploy three vessels with intake of 2,100 TEU.

U.S. Federal Maritime Commissioner William P. Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd. (MOL); and Nippon Yusen Kaisha (NYK). This agreement was unanimously rejected by the Commissioners on the Federal Maritime Commission (FMC). This decision by the FMC in no way precludes the Japanese carriers from merging their container trade business units into a single stand-alone company. Rather, the vote recognizes that the FMC cannot approve certain actions that would allow the three Japanese companies to act as a merged entity prior to actually merging. The Shipping Act does not provide the Federal Maritime Commission with authority to review and approve mergers.

APM Terminals Mobile welcomes Arkansas-based global retail giant Walmart’s plans for a new International Distribution Center to be opened 15 miles from the port. The sixth of Walmart’s US international distribution centers, the Irvington, Alabama facility will handle Walmart’s import cargoes destined for Walmart’s Regional Distribution Centers in the American South. The recently completed Panama Canal lock widening project will permit vessels of up to 13,000 TEU capacity to transit the canal, bringing larger vessels and new opportunities to the deep-water terminal strategically located on the US Gulf Coast. The APM Terminals Mobile terminal opened in September of 2008. With a depth of 45 feet, the facility is currently equipped with two STS cranes capable of a 19-row reach.

Stolt-Nielsen Limited today reported unaudited results for the fourth quarter ended November 30, 2016. Net profit attributable to shareholders in the fourth quarter was $22.8 million, with revenue of $463.0 million, compared with a net profit of $22.2 million, with revenue of $474.1 million, in the third quarter of 2016. Net profit attributable to shareholders for 2016 was $113.1 million, with revenue of $1,879.9 million, compared with a net profit of $132.7 million, and revenue of $1,983.7 million in 2015. * Stolt Tankers reported an operating profit of $30.4 million, down from $31.4 million, as the chemical tanker market remained soft. * The Stolt Tankers Joint Service Sailed-in Time-Charter Index decreased to 0.72 from 0.76.

Evergreen Line is to partner with COSCO in operating a joint Adriatic - Israel (AIS) Service. The new initiative opens up the corridor between North Adriatic ports, Piraeus and Israel, and provide direct and speedy service to customers. Two ships of around 1,000 TEU will be deployed on the new weekly service, one each operated by the joint service partners. With a 14-day rotation, this weekly service provides an efficient link for regional trade and offers more opportunities for customers in the growing area, focusing especially on the time sensitive reefer cargo. In addition to strengthen Evergreen Line's current Adriatic-Piraeus feeder coverage…

French shipping major CMA CGM assures its customers over Hanjin collapse. "Further to the information published on the filing for receivership of Hanjin Shipping, we understand that this news may have raised concerns with regards to the transport of goods that you have entrusted to CMA CGM," says a company statement. Hanjin Shipping, apart from being a member of CKYHE Alliance, is a partner of CMA CGM Group on 5 out of the Group’s 200 shipping lines. - CMA CGM Group no longer loads its containers on Hanjin Shipping vessels.

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the fourth quarter ended November 30, 2015. Net profit attributable to shareholders in the fourth quarter was $21.4 million, with revenue of $494.6 million, compared with a net profit of $30.1 million, with revenue of $500.7 million, in the third quarter of 2015. Net profit attributable to shareholders for 2015 was $132.7 million, with revenue of $1,983.7 million, compared with $77.1 million and revenue of $2,137.9 million in 2014. Stolt Tankers reported an operating profit of $35.4 million, compared with $37.5 million, mainly reflecting accelerated depreciation on ships scheduled for recycling and the continuing positive impact of lower bunker costs.

Following is the statement of FMC Commissioner William P. We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement. FMC staff has requested certain information from the parties to the Pacific Ports Operational Improvements Agreement (PPOIA). To date, the response by the PPOIA parties has been incomplete. As a Commissioner I am interested in information including but not limited to service agreements between the vessel operating common carriers and the marine terminal operators, as well as information related to chassis operations.

Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become mandatory on July 1, 2016. Unlike the CTU Code, which forensically seeks to identify the chain of responsibility for everyone involved in the movement of freight, the amendment to the Safety…

Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487.7 million, in the first quarter of 2015. Net profit attributable to shareholders for the first six months was $81.2 million, with revenue of $988.4 million, compared with $49.4 million, and revenue of $1,060.1 million, in the first half of 2014. Stolt Tankers reported an operating profit of $30.4 million, up from $19.0 million, mainly reflecting lower bunker fuel prices, an improved spot market and the favourable impact of the stronger U.S. dollar.

APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have together launched a new joint service between trading hubs in Asia and ports in Mexico, Colombia and Panama. In a joint statement made by the carriers, APL, MOL and NYK said Asia is an important market for exporters in Latin America. By providing weekly sailings, competitive transit times, as well as regional connectivity to Central America, West Coast South America and the Caribbean basin, the lines said shippers would be well-served, in particular those who are moving refrigerated cargo from Latin America to the fast growing Asian markets. The Asia- South America Service (ASA) service replaces the Southeast Asia 1 (SE1) service. Eight post-Panamax ships of about 6,000 TEUs will be deployed in the joint service.

Evergreen Group signed time charter agreements with Shoei Kisen Kaisha, Ltd. (Shoei) to charter a total of 11 18,000 TEU vessels, which include the six units of the same capacity announced by Evergreen Marine Corp. (EMC) and its subsidiary last December. The charter parties were signed by EMC's Chairman Anchor Chang and Shoei's President Yukito Higaki. The ships are planned to be delivered from 2018 through 2019. Evergreen said it will cooperate with Shoei to build the new generation ultra-large containerships, which will measure about 400 meters in length and about 59 meters wide.

The Navy's third Mobile User Objective System (MUOS) satellite was launched today at 8:04 p.m. EST from Space Launch Complex 41. This communications satellite will significantly improve capability for Navy and Department of Defense tactical operators. Over the next several days, the satellite will transition to its geosynchronous orbit location 22,000 miles above Earth. Its solar arrays and mesh antennas will then be deployed and on-orbit testing will begin for eventual commissioning into service. Upon acceptance for operational use, MUOS 3 along with MUOS 1 and 2 already on-orbit, will provide communications coverage to more than three-quarters of the globe.

In order to offer a more comprehensive service to shippers and importers in the Philippines, Evergreen Line will team up with Cheng Lie Navigation(CNC) to launch the new China-Philippines Service (CPH). Two ships around 1,000 TEU will be deployed on the new weekly service, each operated by the joint service partners. Shanghai - Ningbo - Xiamen - Shekou - Manila (South harbor) -Shanghai. The new service is in addition to the four feeder loops, which Evergreen offers serving the Philippines. This comprehensive coverage of all major ports in the Philippines, includes Manila (both north and south harbors), Cebu, Davao and General Santos, etc. All services connect to Evergreen's global network via either Kaohsiung and/or Hong Kong.

CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), to offer a new joint service in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early of November. The new service will be operated with seven vessels of 4,250 TEU nominal capacity, of which three vessels will be provided by CMA CGM, two vessels by OOCL and one vessel each by CSCL and PIL. It will replace the current ANZEX/NZN service operated by CMA CGM and OOCL. The weekly service will turn around in 49 days, offering port coverage in Asia and New Zealand, also including a stop in an Australian port on the way from Asia.

CMA CGM S.A. (CMA CGM), has announced the co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade commencing from Shanghai in early of November. The new service will be operated with 7 vessels of 4,250 TEU nominal capacity, of which three (3) vessels will be provided by CMA CGM, two (2) vessels by OOCL, one (1) vessel each by CSCL and PIL, and 1 ship for CSCL and PIL, while ANL will remain slot charterer. It will be replacing the current “ANZEX” / “NZN” service operated by CMA CGM & OOCL. The weekly service will turn around in 49 days offering an extensive port coverage in Asia and New Zealand and including a stop in Australian port on her way from Asia…

Last Tuesday’s announcement of the formation of the “Ocean Three” alliance – actually a combination of vessel sharing, slot exchange and slot charter agreements – confirmed one of the worst kept industry secrets. But what will be its impact on the competition? Drewry Maritime Research consider in this excerpt from their latest 'Container Insight Weekly''. The coming together from late 2014 of CMA CGM with CSCL and UASC was widely anticipated after the decision in June of Maersk Line and MSC to jettison CMA CGM in their 10-year “2M” VSA that replaced the original P3 Network plan. Having been left out in the cold by its erstwhile P3 partners…

CMA CGM S.A. (CMA CGM) announced the rotation of its new service in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early November 2014. The weekly service will turn around in 49 days offering extensive port coverage in Asia and New Zealand and including a call in Australia on her way from Asia. The new service will be operated with seven vessels of 4…

To offer a more comprehensive service on the Asia-South Africa trade, Evergreen Line will adjust its existing joint service with COSCO as well as contribute vessels to the service currently operated by K Line, MOL and PIL. Both moves will take effect in October. Evergreen will deploy two 4,200 TEU vessels on both the FAX service operated by COSCO and Evergreen as well as the ASA service, becoming joint service partners with K Line, MOL and PIL. This development of strategic cooperation with Evergreen's service partners will increase the line's frequency of sailings on the Asia-South Africa trade from weekly to twice weekly and add Keelung, Xiamen and Port Klang to its service network.