THE Alliance, Hapag-Lloyd Enhance Network
THE Alliance and Hapag-Lloyd have announced our new enhanced port coverage in the Mediterranean - North America market. "Further to THE Alliance port coverage of the AL7 service, we are pleased to inform you that Hapag-Lloyd will continue our well-established cooperation with ZIM Lines on this service also within the Eastern Mediterranean Area," says a statement from the company. "We will continue to offer direct coverage to/from Haifa, Ashdod and Piraeus. Both services will start beginning of April 2017 with the launch of THE Alliance product (subject to completion of all relevant regulatory requirements). Fast transit times between Italy and the North American East Coast and vice versa: Addition of FOS…
PortMiami Dredging Clears Way for Mega Ships
The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships, was announced by Florida Governor Rick Scott. Of the total $220 million cost for the channel deepening, the state of Florida invested $112 million and Miami-Dade County invested $108 million. Governor Scott announced plans to fully fund the $77 million federal shortfall for the port dredging project in March 2011 so that Florida could take advantage of enhanced international trade with the widening of the Panama Canal.
China Snaps Up 250MB in Euro Gasoline Stocks
China has bought around 250,000 tonnes of gasoline and blending components from Europe in recent days as the world's top energy consumer mops up oil products, traders said on Tuesday. China's plan to levy a hefty consumption tax from January on blending components for gasoline is believed to be the main driver for the recent buying drive as it creates a gap in supply there. The move comes in tandem with a massive and rare buying spree by Chinese state-run oil firms of 335,000 tonnes of naphtha and diesel for delivery in November into China. At least seven tankers of around 40,000 tonnes have been booked in recent days to ship gasoline, aromatics and reformates, used for blending into gasoline, into China in November, according to Reuters shipping data and trading sources.
Hapag-Lloyd Increases Freight Rate in 2012 Financial Year
Freight rate up 3.2% on last year / Transport volume increases by 1.1%. Revenue rises by 12.1% to EUR 6.84 billion / Absence of peak season and persistently high energy costs weigh on business / Positive operating result of EUR 26 million / EBITDA of EUR 335 million. Hapag-Lloyd was able to increase the freight rate, transport volume and revenue in the past financial year. Despite the challenging economic environment, Hapag-Lloyd achieved an EBITDA of EUR 335 million and an EBIT of EUR 26 million in 2012, allowing it to once again do well compared with its industry peers. The average freight rate in 2012 saw a year-on-year increase of 3.2% to USD 1,581/TEU. Transport volume rose by 1.1% to approximately 5.3 million TEU.
Port of Hamburg Reports Growth for Container Traffic
ports. handling increase of 5.8 percent. terminals. period last year. 3.3 million tons. unit) were handled at the Hamburg Container Terminals. increase of 14.9 percent compared to the same period last year. increase in container turnover. Europe (Bremen/Bremerhaven, Rotterdam and Antwerp). increase its market share," said Dr. Hamburg marketing(HHM). only slightly impaired by the SARS epidemic," he added. epidemic. year. from China remains unchanged. shipping area in northern Europe," said Dr. Sorgenfrei. and 10 percent were also recorded. Subcontinent in particular increased by a clear 11.3 percent. the year. cargo was handled in the second quarter than in the same period last year. increased by 0.8 percent. respectively. remained lower than imports from that region.
P&O In Deal To Operate NY/NJ Terminal
UK shipping firm Peninsular & Oriental Steam Navigation Co on Wednesday said it had joined forces with its 50 percent owned P&O Nedlloyd to operate the New York/New Jersey terminal on a 30-year lease. The first phase of development at the Port Newark container terminal in New Jersey, across the water from New York City, which is the largest port on the North American east coast, would cost $150 million. The development program is scheduled to begin in December and be substantially completed by end-2001.
NOAA Seeks Comments On USN Sonar Deployment
NOAA's National Marine Fisheries Service is seeking public comment on a request by the U.S. Navy to operate its Low Frequency Active Sonar on the world's open oceans. The Navy's Surveillance Towed Array Sensor System Low Frequency Active Sonar uses an underwater sound source to locate submarines, and the agency wants to ensure the operation of the system has a negligible impact on marine mammals. Unique to this proposal, NOAA Fisheries and the Navy are proposing to establish "Offshore Biologically Important Areas (OBIAs)" in which the SURTASS LFA sonar ships would not operate. OBIAs are areas of the world's oceans where marine mammals congregate in high numbers to feed, migrate, breed and calve. To date, the U.S.
