China Service News

GEA equipped two Hapag-Lloyd container ships with the GEA marine Separator which it recently presented at SMM 2018 in Hamburg. The GEA marine Separators 50 and 90 are equipped with integrated direct drive technology. This GEA technology has been successfully used on the “Budapest Express” and “Colombo Express” for the last one and a half years. The two medium-sized container ships, each with roughly 8,750 TEU, are used in U.S.-China service transfers.The integration of the new separators with the ship machinery went smoothly…

The Singapore-based family-owned shipping company Pacific International Lines (PIL)  announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019.America China Service 5 (AC5) will be adding Haiphong as first port of call with effect from 30th April 2019.Full rotation of America China Service 5 (AC5): Haiphong - Nansha - Hong Kong - Yantian - Long Beach - Oakland - Yantian - HaiphongPIL also launched a new string, America Cai Mep Service 2 (AC2), achieved through slot agreement on Ocean Alliance PSW3 service, with effect from 28th April 2019.Full…

Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $503.2 million. The  U.S. carrier in the Pacific reported profit of $232 million, or $5.37 per share for the year. Revenue was reported as $2.05 billion. Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "Matson's core businesses performed well during the fourth quarter supported in particular by continued strong demand in our China service and higher lift volumes at SSAT. Overall, 2017 was a solid year for Matson.

MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co Ltd (LMC) signed a joint venture contract  to form CSSC Luzhou MacGregor Machine Co Ltd. Subject to all relevant authority approvals, expected within this year, LMC will own 51 percent and MacGregor 49 percent of the new joint venture company. As a first step, the joint venture will cover the transfer of Hatlapa marine air compressor technology over a two-year period. CSSC Luzhou MacGregor Machine Co Ltd will be located in Nanjing and will have exclusive sales rights for the air compressors in China. Outside China, service, spare parts and new sales will be undertaken by MacGregor's established network.

Matson, Inc. today reported net income of $26.6 million, or $0.60 per diluted share for the quarter ended December 31, 2015. Net income for the quarter ended December 31, 2014 was $27.8 million, or $0.63 per diluted share. Consolidated revenue for the fourth quarter 2015 was $494.8 million compared with $443.5 million reported for the fourth quarter 2014. For the full year 2015, Matson reported net income of $103.0 million, or $2.34 per diluted share compared with $70.8 million, or $1.63 per diluted share in 2014. Consolidated revenue for the full year 2015 was $1,884.9 million, compared with $1,714.2 million in 2014. Matt Cox, Matson's President and Chief Executive Officer, commented, "2015 was an exceptional year for Matson. Financially, it was the best year in our history. Mr.

Matson, Inc., a U.S. carrier in the Pacific, reported net income of $9.9 million, or $0.23 per diluted share for the quarter ended June 30, 2015. The company said its second quarter results were negatively impacted by $13.5 million of additional selling, general and administrative expenses related to the company's acquisition of Horizon Lines, Inc. in excess of the company's incremental run-rate target and by $11.4 million of costs related to the company's settlement with the State of Hawaii to resolve all claims arising from the discharge of molasses into Honolulu Harbor in September 2013, which together reduced earnings per diluted share by $0.33. Net income for the quarter ended June 30, 2014 was $18.1 million, or $0.42 per diluted share.

Matson, Inc. today reported net income of $25 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.4 million, or $0.08 per diluted share. Consolidated revenue for the first quarter 2015 was $398.2 million compared with $392.5 million reported for the first quarter 2014. Matt Cox, Matson's president and chief executive officer, commented, "As expected, Matson carried strong momentum into the first quarter of 2015.

Matson, Inc. said it holds a higher operating income outlook for the fourth quarter 2014, citing higher than expected freight rates and volumes as well as declining bunker fuel prices leading to gains. The company also made preliminary comments regarding its outlook for 2015, stating it anticipates flat to higher income for the coming year. Matson said it expects fourth quarter 2014 ocean transportation operating income to be approximately $45 million primarily driven by higher than expected freight rates in its China service and continued rate and volume growth in Hawaii and Guam.

Dave Hoppes, Matson’s senior vice president, ocean services, will retire March 31, 2015, the company announced. John Lauer, currently vice president, Transpacific services at the company's wholly-owned subsidiary, Matson Navigation Company, Inc., will succeed Hoppes as senior vice president, ocean services, effective March 31, 2015. The company also announced that Chris Scott, currently director, Asia at Matson Navigation Company, will succeed Lauer as vice president, Transpacific services at Matson Navigation Company, effective March 31, 2015, as part of the transition plan.

Matson, Inc., a U.S. carrier in the Pacific, announced its results for the third quarter of 2014, in which it reported a net income of $21.5 million, or $0.50 per diluted share, compared with $17.2 million or $0.40 per diluted share in 2013, while consolidated revenue for the third quarter 2014 was $441.8 million compared with $415 million in 2013. For the nine-month period ended September 30, 2014, Matson reported net income of $43 million, or $1 per diluted share compared with $46.4 million, or $1.08 per diluted share in 2013.

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.

Matson, Inc. a leading U.S. carrier in the Pacific, did well in Q4 2012 and the whole year; believes it can do better. Consolidated revenue for the fourth quarter 2012 was $398.3 million compared with $374.9 million reported for the fourth quarter 2011, and consolidated revenue for the full year 2012 was $1,560.0 million, compared with $1,462.6 million in 2011. Matt Cox, Matson's President and Chief Executive Officer commented, "Continued strong Guam volume and an improved rate environment in our expedited China service led to a solid fourth quarter. For the year, these same factors, and continuing volume strength out of China resulted in a satisfactory performance.

MOL Liner Ltd. (MOL) has announced its new China – Middle East Express, departing Ningbo on 11th March 2013. MOL will offer an additional weekly service by joining the existing service operated by APL (American President Lines). The service will be operated by 6 vessels and MOL will provide one (1) Post Panamax ship (Mv. “MOL Tyne”). In addition to the present services, MOL will be able to enrich service coverage as well as frequency between China and Middle East. MOL is committed to meet the customer needs by providing high-quality services and variety of port coverage.

Damen Shipyards and Afai Southern Shipyard contracted to build 35 m ferry for Liuzhou Yinliu Hotel Management. Liuzhou Yinliu Hotel Management Co. Ltd. (China) has ordered a Damen Ferry 3508 with Afai Southern Shipyard (China). The DFe 3508 is a 35m Aluminium Luxury Sightseeing Ferry and is designated for the municipal government of Guangxi Liuzhou. As Liuzhou is the main business port of the Guangxi Zhuang region, the city will use the ferry for receiving both government and industry representatives for official meetings and sightseeing tours along the Liujiang River.

Quarter Negatively Impacted by Goodwill Impairment Charge, FSX Losses, Volume and Rate Pressures. Horizon Lines, Inc. (OTCQB: HRZL) has reported financial results for the fiscal third quarter ended September 25, 2011. Financial results are being presented on a continuing operations basis, excluding discontinued logistics operations. On a GAAP basis, the third-quarter net loss from continuing operations totaled $126.5 million, or $4.09 per diluted share, on revenue from continuing operations of $321.9 million. On an adjusted basis, the company recorded a third-quarter net loss from continuing operations of $5.6 million, or $0.18 per diluted share, after excluding charges totaling $120.9 million, after tax, or $3.91 per share.

Horizon Lines, Inc. (NYSE: HRZ) reported financial results for the fiscal first quarter ended March 27, 2011. As a result of previously announced plans to discontinue the logistics business, financial results are being presented on a continuing operations basis, excluding the discontinued logistics operations. On a GAAP basis, the first-quarter net loss from continuing operations totaled $33.3 million, or $1.08 per diluted share, on revenue from continuing operations of $285.4 million. On an adjusted basis, the first-quarter net loss from continuing operations totaled $28.0 million, or $0.90 per diluted share, after excluding charges totaling $5.4 million after tax, or $0.18 per diluted share.

31 March 2011 – ClassNK officially announced the opening of a new exclusive surveyor office in Shenzen today. The ClassNK Shenzhen Office becomes the 11th office the society has opened in China, marking the continued growth of ClassNK’s presence in the Chinese market. Located between Hong Kong and Guangzhou, the Shenzhen region is one of the fastest growing maritime hubs in Southern China, serving as both an important shipping hub, and an increasingly popular stopover for maintenance and ship repair.

High and increasing demand from international shipowners and local shipyards has led lifeboat and davit manufacturer Schat-Harding to invest in a state-of-the-art lifeboat servicing facility in Shanghai, China. Umoe Schat-Harding LSA Service (Shanghai) Co Ltd began work as a company in its own right in December 2009. Located in Pudong Shanghai, with service offices in Guangzhou and Qingdao, it is a development of Schat-Harding's fast growing Chinese servicing network. "We started a service station in China in 2006 in Qingdao, moved to Shanghai in 2007, opened a second office in Guangzhou in 2008 and now we have this superb new facility here," said Andrew Lemmis, managing director.

Evergreen Line has announced a series of enhancements to its Asia - U.S. East Coast Service (AUE) and China - South U.S. West Coast - China Service (CPS) services. These changes were introduced to meet customer demand for higher levels of service and will come into effect from mid April. The CPS service will now provide faster transit times from the keys ports of Shanghai to Los Angeles. From Shanghai the transit times has been reduced to 12 days. The first CPS vessel to load in China will be the 6332TEU 'Hatsu Envoy 0331-070' sailing from Xingang on 18 April 2009. The AUE service, which offers direct sailing between Asia and the U.S. East Coast, will now offer a transit time of just 24 days between Yantian and Savannah.

John P. Lauer has joined Matson Navigation Company as director, Transpacific services, for Matson's China - Long Beach Express. Lauer will lead Matson's U.S. sales efforts for its burgeoning China - Long Beach Express service and will focus on trade lane yield management and revenue enhancement strategies in conjunction with other Matson operations. He will report to Dave Hoppes, senior vice president, ocean services. Lauer comes to Matson with 20 years of sales experience, including a number of senior level executive positions encompassing maritime and logistics activities. Most recently, he was managing director, eastern region, for APL and APL Logistics at the NOL Group level. Lauer led these companies in reaching key performance sales and profit benchmarks.

Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit. That still meant a profit above $34 million, however. The China service, launched early this year, carried more than 10,000 containers, triple Guam traffic and almost a quarter of Hawaii traffic. "The contributions from Matson's China service increased from the prior quarter, and the service is profitable," said Allen Doane, CEO of the parent company. Everything is measured against projections, however, and Doane said even this performance was lower than "planned levels" as favorable container volumes were more than offset by lower rates and higher fuel and intermodal rail costs.

The new Matson Navigation Co. containership MV Maunalei was christened at the Aker Philadelphia Shipyard. The christening, the traditional kind involving breaking a bottle of champagne, was undertaken by Millie Akaka, wife of Sen. Daniel Akaka. Also on hand were Hawaii Rep. Neil Abercrombie and Guam Rep. Madeleine Bordallo. The MV Maunalei is the fourth new containership built by the shipyard for Matson in the past four years, representing an investment of more than $500m by Matson's parent company, Alexander & Baldwin Inc. The Maunalei will enter service in September and be deployed in Hawaii, Guam and China service. It has the capacity for 2,500 TEUs, or 20-ft. equivalent units. Source: Biz Journal

generated operating revenue of $72.9 million, up 19 percent from 2001. previous record was set in 2000 at $62.3 million. Director. on our laurels. units) -- an 11.4 percent increase from 2001. be exceeded. that Phase 1 of the new terminal is scheduled for completion in late 2004. was the largest single factor in this growth. (transfers of containers between ship and rail) increased markedly in 2002. percent from 2001. led by a 69 percent gain at the North Intermodal Yard (NIM). Corp. and from "K" Line's partnership with Hanjin Shipping Co., Ltd. significantly expanding its cargo volume through Tacoma. Transportation.