European Commission Fines Four Car Carriers $486.5mln
The European Commission (EC) said Wednesday that it had fined four maritime car carriers 395 million euros (U.S. $486.5 million). Four shipping companies – CSAV, K Line, NYK and WWL-Eukor – have been fined by the EC for collusion in operating a cartel on the car carrier trades, in breach of EU antitrust rules. All companies acknowledged their involvement in the cartels and agreed to settle the cases. Commissioner Margrethe Vestager, in charge of competition policy said:"The Commission…
European Commission Exempts Mitsui O.S.K. Lines from Penalty
The DG Competition of European Commission (EC) announced that several companies including MOL breached European competition law with respect to car carrier services. Mitsui O.S.K. Lines (MOL) and other shipping companies have been investigated by the EC due to the suspicion of competition law violation. MOL has fully cooperated with the EC during the investigation. Though the EC announced that they found the violation of European competition law and imposed fines, MOL and its subsidiary companies were exempted from all penalty including the fine because EC granted MOL an immunity.
NYK Cautions of Illegal Conducts in Chinese Subsidiary
Nippon Yusen Kabushiki Kaisha (NYK) said that it has discovered that there is a possibility that former locally hired management personnel in NYK Car Carrier (China), its consolidated subsidiary located in Shanghai. The China unit is engaged in finished car logistics business in China, had committed unlawful expenditure or embezzlement. The Company established an investigation committee (the Committee ) to investigat the aforementioned matter on February 5, 2018 (with Tadaaki Naito President Representative Director and President Corporate Officer as the Chairman of the Committee…
Several Car Shippers Face Fines for Rigging Bids
EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter. The EU sanctions follow a near six-year investigation which started with dawn raids by the European Commission in September 2012 in coordination with Japanese and U.S. antitrust authorities. Competition regulators around…
Sinotrans Shipping in the Red
Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period. The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low rates. The company is now considering diversifying its shipping business. Revenue of the Hong Kong-listed company dropped 19% year on year (y/y) to $485.1 million , a stock filing of Sinotrans Shipping said on 14 August.
MOL Car Carrier Rescues Sailors in Distress
Mitsui O.S.K. Lines, Ltd. announced today that on February 9, 2018, the MOL-operated car carrier Progress Ace rescued three sailors form a yacht in distress in the North Atlantic Ocean. At 10:05 a.m. local time on February 9, the Progress Aace, sailing from Port of Brunswick in the U.S. to Port of Walvis Bay, Namibia, received a distress relay message from the French Maritime Rescue Coordination Centers and rushed to the scene. By 3:45 p.m. the same day, all three survivors were safely rescued from the yacht.
Norwegian Car Carriers to Buy Two from Hyundai Samho
Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs). Delivery from the South Korean shipyard is scheduled for between the fourth quarter 2016 and first quarter 2017, and there is an option included for two additional vessels. NOCC’s strategy is to grow its business as a tonnage provider serving the global car carrier operators, says a company statement. The company currently has 10 car carriers in its fleet ranging between 4,000-7,000 ceu.
Huntington Ingalls Industries Announces Leadership Changes
Huntington Ingalls Industries announced changes to its senior leadership team. Michael Smith, executive vice president, strategy and development, is moving to HII’s Technical Solutions division, where he will serve as president of the SN3 business and report to Michael Lempke, president of the Nuclear & Environmental group, effective immediately. Scott Stabler, executive vice president, internal audit, is moving into a new role as HII’s executive vice president and chief transformation officer, reporting to Mike Petters, HII’s president and CEO.
“K” Line Group to Implement “K” Line Wind program
“K” Line Group (Kawasaki Kisen Kaisha) taking steps to improve our corporate culture and climate through the “K”-no-Kaze” (“K” Line Wind) program. Additionally, it is prepared a long-term policy for environmental conservation—called “Environmental Vision 2050”—to fulfill its responsibility to minimize our impact on the global environment. Early next month, DRIVE GREEN PROJECT, construction of a car carrier equipped with state-of-the-art technologies and designed to achieve the highest level of energy savings and environment-friendliness, is scheduled to be completed.
Dry Bulk Market Looks Up: J. Lauritzen
Both the dry bulk market and the market for small gas carriers are anticipated to benefit from the expected rise in economic activity in 2018, more so as supply growth will be rather limited in both segments, says J. Lauritzen, the Danish shipping company with worldwide operations. For dry bulk though, slow steaming and congestion are at levels where capacity releases could dent the rise. After strong rises in dry bulk rates in 2017, the outlook for 2018 is for continuation of this trend, but at a lower rate of change. Tonnage prices are forecast to continue increasing.
Wärtsilä to Optimize Performance of Four TMS Cardiff Gas Vessels
Wärtsilä is expanding its cooperation with the Athens based ship management company TMS Cardiff Gas Ltd. Under the recently signed maintenance agreement, Wärtsilä ensures the maintenance predictability of the operation of four TFDE LNG Carriers in TMS Cardiff Gas’ fleet. Eniram’s data collection platform and advanced data analytics helps TMS Cardiff Gas to achieve optimal fleet operations, resulting in reduced fuel costs and emissions. The maintenance agreement, signed in December 2017, advances the performance monitoring of TMS Cardiff Gas’ vessels.
Höegh Autoliners Takes Delivery of New Vessels
Höegh Autolines took delivery of two new Pure Car Truck Carriers in January. Seven new vessels will add capacity to Höegh Autoliners' fleet in 2007. Höegh Delhi, a Pure Car Truck Carrier was delivered from Uljanik Shipyard in Croatia on January 25. The vessel will be chartered long term by Höegh Autoliners who also own 49.5 percent in the vessel. Höegh Delhi is one of the largest car carriers built with a deck area of 59.000 square meters that can accommodate up to 7,000 car units. Höegh Shanghai, the 7th Pure Car Truck Carrier in the series from Daewoo Shipbuilding and Marine Engineering (DSME) Shipyard was delivered on 16 January. The vessel has a car deck area of 54,000 m2, which can accommodate 6,100 standard car units.
Enhancing Historic Lake Michigan Docking Facilities
A federal FASTLANE grant has been approved for S.S. Badger Ports & Harbor project impacting Manitowoc, Wis. and Ludington, Mich. A primer on how things get done. This is a story about two communities on the shores of Lake Michigan and the unique car ferry that connects them. The SS Badger provides a nautical “highway” across one of our nation’s major waterways, carrying passengers, oversized loads and trucks of nearly every kind. Essentially, the ferry provides a vital lifeline of commerce, tourism and economic growth between the cities of Manitowoc, Wis. and Ludington, Mich.
Car Carrier Market Emerges Strong
The Carrier Car industry has emerged from the global recession with what looks like limited damage compared with the head-on collision others experienced. Drewry believes that this sector, with its small orderbook, is better positioned than most others in the shipping industry, who suffer from large newbuilding orderbooks, to weather a double-dip recession. The downturn hurt car-carrying vessels, with capacity utilisation falling significantly. Operators are now less likely to charter tonnage for long periods, instead placing an emphasis on full employment of owned tonnage. With limited numbers of newbuild vessels coming into service, increased demand is easier to meet and an excess of new capacity is not going to blight operators, if the economy retrenches.
MOL Launches Car Carrier Brand MOL ACE
Tapping into one of its major business fields, Mitsui O.S.K. Lines, Ltd. (MOL) has established MOL Auto Carrier Express (MOL ACE) as global brand in the car carrier service. MOL will start to use MOL ACE beginning July 1. MOL’s carrier service network includes offices and agencies in approximately 140 nations around the world, and the MOL Group operates about 120 car carriers that transport automobiles, buses and trucks as well as other large cargos such as machinery and trailers used in construction.
TTS Wins Two Contracts
Sweden’s TTS Ships Equipment AB, Gothenburg, part of Norway’s TTS Marine ASA has landed two contracts for delivery of ships equipment for a total of four car carriers. This confirms TTS’ leading position in the supply of cargo access equipment to the car carrier newbuilding industry. The contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) in Korea (Leif Hoegh A/S) and Croatia’s Uljanik Ship Yard, Pula (Ray Shipping) involves deliveries to two car carriers each. The deliveries include construction and supply of key components to the RoRo access systems including internal car decks and ramps, as well as stern ramps for the loading and discharge of vehicles. The delivery of the equipment is scheduled for the end of 2007.
Japan's First Post-Panamax PCC Delivered
NYK says it has taken delivery of the new high-tech pure car carrier (PCC), 'Aries Leader', built by Shin Kurushima Dockyard Co. Ltd. With a capacity of 7,000 units, the new carrier includes the latest energy-saving technology including a hull air-lubrication system and a hybrid turbocharger — both of which, says NYK have been installed on a car carrier for the first time — in addition to an electronically controlled engine and the use of water-emulsified boiler fuel. NYK adds that the hulls of its pure car carriers have traditionally been painted aurora blue…
RORO Ops by NYK for Ford Plants in India
In 2011, NYK Auto Logistics (India) Pvt. Ltd.(NALI)* was awarded a contract by Ford India for RORO terminal services of finished cars at Chennai and Ennore Port. Based on the service quality, in 2015, NALI and Ford India extended the scope of services to cover Chennai plant stockyard management and inland transportation from plant to Chennai and Ennore ports. With this new scope of business, NALI can provid complete outbound logistics of finished vehicles for the Ford plant in Chennai.
Korean Shipyard Wins Auto Marine Transport PCTC Orders
Auto Marine Transport contracts Samjin Shipbuilding Industries Korea (Samjin) to build a series of pure car & truck carriers (PCTC's). Auto Marine Transport, a tonnage provider created with the assistance of Siem Car Carriers, sign an intiial agreement with the shipyard to build eight energy efficient pure car and truck carrier (PCTC) vessels capable of carrying 6700 CEU (car equivalent units) and is made up of two firm orders and options for a further six vessels. Simon Stevens, Chairman of Siem Car Carriers, said “We are very pleased to have played a part in helping to establish Auto Marine Transport as the tonnage provider to access the energy-efficient PCTC market.
Giga Maritime Group Expands to Hone Competitive Edge
Automotive shipping and logistics provider Giga Maritime Group (GMG) has announced plans to invest in new IT infrastructure, the expansion and replacement of fleets, assets and vehicles as well as developing new car terminals, in an effort to hone the group's competitive edge and meet the demands of Malaysia's growing automotive industry. Datuk Kumar Prabakaran, the managing director of GMG companies Giga Shipping Sdn Bhd and Nexus Mega Carriers Sdn Bhd, said these investments are vital in order for the group to meet growth demands following the National Automotive Policy (NAP) announcement earlier this year. Malaysia aims to increase its total production of 1.25 million vehicles and boost annual exports to 250,000 units by the year 2020.
DryShips to Spin Off of Its Gas Carrier Business
DryShips, a diversified owner of ocean going cargo vessels, announced that its wholly owned subsidiary, Gas Ships Limited has filed a registration statement on Form F-1 with the U.S. Securities & Exchange Commission, to spin off of its gas carrier business from the Company. In the spin-off, DryShips will distribute to holders of its common stock 49% of the issued and outstanding shares of Gas Ships Limited's common stock. Following the spin-off, Gas Ships Limited will be a publicly-traded company, and DryShips will retain a 51% ownership interest in Gas Ships Limited.
'K' Line: Change of Executive Officers
Kawasaki Kisen Kaisha Ltd (“K” Line) announced changes to executive officers. “K” Line has promoted Senior Managing Executive Officer Kazutaka Imaizumi to the position of chairman of “K” Line India Private Ltd., Executive Officer Aka Hiraoka to counselor of “K” Line Logistics Ltd., and Executive Officer Tomoyuki Okawa to chief executive officer of “K” Line Offshore AS. Tomoyuki Okawa will provide assistance to Energy Transportation Business, in charge of Tankers, General Manager of Energy & Off-Shore Business Planning Group. Tomoyuki Okawa has joined “K” Line in 1983.
Wilhelmsen and Wallenius to Merge
Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure…