Ckyhe Alliance News

Japan’s big three shippers -Mitsui OSK Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) -  have reported profits for the first quarter, bouncing back from losses a year earlier Reuters reported. Thanks to rising freight rates, the shippers showed brightened financials ahead of their integration into the Ocean Network Express (ONE) next April. The results are also raising hopes the firms could be emerging from the industry’s worst-ever downturn on record. NYK recorded a profit attributable to owners of the parent of 5.4 billion yen (U.S. $48.9 million) for the quarter, compared to a loss of 12.79 billion yen for the corresponding quarter a year prior.

Container volumes at the Port of Long Beach declined 16.6 percent year-over-year in September as the effects of the Hanjin bankruptcy reached the U.S. West Coast. According to the port, its longshore workers moved 546,805 twenty-foot equivalent units last month. This included 282,945 TEUs in imports, down 15 percent from September 2015, a month which capped off the port’s best quarter ever. Exports dropped to 120,383 TEUs, a decrease of 4.2 percent. Empties were 27.2 percent lower at 143,476 TEUs.

Responding to the unexpected service disruption caused by CKYHE alliance member Hanjin Shipping, which has entered rehabilitation proceedings, Evergreen Line has added new functions to its online e-commerce system. The service disruption has caused delays to Evergreen Line’s cargoes previously loaded on the Korean carrier’s vessels. Evergreen said its new functions enable customers to update the status of their cargoes and Hanjin’s vessel positions, including information about anchorage at or sailing to a particular port.

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.

It has been reported that Hanjin Shipping, a member of CKYHE Alliance, has applied for court receivership today. As a member of CKYHE Alliance, Evergreen Line has prepared for this crisis and has activated a contingency plan. 1. No Evergreen Line cargo will be loaded on the vessels operated by Hanjin Shipping. 2. Hanjin Shipping cargo will not be allowed to load on the vessels operated by Evergreen Line. Evergreen Line, as the Carrier to issue the Bill of Lading for the shipment under Evergreen Line's custody, will not prejudice to cargo owner's rights. Evergreen Line undertakes all Carrier's obligations and responsibilities under the governing Bill of Lading clauses will remain binding in all circumstances.

COSCOCS, one of the largest container operators in the world, upgraded its service into the Port of Boston Sunday with a vessel that can carry more than 8,500 TEUs (20-foot equivalent units), Conley’s largest cargo ship to date. The Port is responsible for $4.6 billion of economic activity and 7,000 direct jobs. “This is an exciting time at Conley as we have seen double digit growth in both imports and exports this year,” said Massport’s Port Director Lisa Wieland. The ship, COSCOCS’s Xin Mei Zhou, arrived Sunday morning and departed Sunday evening. The ship is almost 1,100 feet long and will carry 8,530 TEUs. Conley currently services ships that carry 4,000 to 6,000 TEUs.

Today South Carolina Ports Authority (SCPA) welcomed the Hannover Bridge, first post-Panamax size vessel to call Charleston after transiting the newly-opened Panama Canal expansion. "SCPA is already benefiting from the upsizing of vessels in response to the expansion, with 16 of the 26 weekly container vessel calls in Charleston now being served by large ships formerly known as post-Panamax," said SCPA president and CEO Jim Newsome. "The arrival of the first 8,500-class vessel to pass through the newly-expanded Panama Canal locks bound for Charleston is a milestone for our port and maritime industry. The Hannover Bridge, an 8,200 twenty-foot equivalent unit (TEU) "K" Line vessel…

Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow? The 9,400-teu Cosco containership Andronikos will make the first transit of the expanded Panama Canal on Sunday 26 June, and ahead of that two shipping alliances – CKHYE and G6 – have laid out their plans to upgrade the size of ships used on the Asia-US East Coast via Panama route. In November last year Container Insight Weekly noted that Drewry expected carriers to resist the urge to flood the trade with the biggest ships possible and that vessel upgrades will be incremental and in line with demand growth. That prediction seems to have come true based on the immediate plans that have been communicated thus far.

Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, expanded by 130 percent in the first quarter as new service calls added in 2015 began to impact volumes. The container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago. This growth follows an 80% expansion in container traffic at CMIT in 2015 over the year prior, to 724,768 TEUs. CMIT, part of the APM Terminals Global Terminal Network, is a deep-water facility located in the Ba Ria‐Vung Tau Province, southeast of Ho Chi Minh City, and is capable of accommodating larger deep draft vessels of up to 15,000 TEU capacity, now cascading into Vietnamese trade routes.

Cai Mep, Vietnam - With five new services calls added to Cai Mep International Terminal (CMIT) since May of 2015, container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago. This growth follows an 80% expansion in container traffic at CMIT in 2015 over the year prior, to 724,768 TEUs. CMIT, part of the APM Terminals Global Terminal Network, is a deep-water facility located in the Ba Ria‐Vung Tau Province, southeast of Ho Chi Minh City, and is capable of accommodating larger deep-draft vessels of up to 15,000 TEU capacity, now cascading into Vietnamese trade routes.

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…

France's CMA CGM and China's COSCO Container Lines are to form a four-way vessel-sharing alliance with Evergreen Line and Orient Overseas Container Line focused on Asia routes, CMA CGM said on Wednesday. Container shipping has seen route-sharing develop in response to a severe downturn in the market, and a rejigging of alliances had been expected in recent months after COSCO merged with China Shipping Group and CMA CGM agreed to acquire Singapore's Neptune Orient Lines (NOL).

China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday. The group's spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire. China COSCO , a unit of COSCO, is part of the CKYHE alliance with Kawasaki Kisen Kaisha, Yang Ming Marine Transport, Hanjin Shipping and Evergreen Marine, while China Shipping Container Lines , a unit of China Shipping Group, CMA CGM CMACG.UL and United Arab Shipping Co make up the Ocean Three alliance.

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.

The CKYHE Alliance is reorganizing its service network for Asia-Europe and Asia-Mediterranean trades as the carriers try to counter the weak demand and excess capacity that is plaguing the route and dragging down freight rates. Members of the CKYHE alliance, one of the four major groupings covering the east-west trades, have agreed to reorganise their service network for the Asia-North Europe and Asia-Mediterranean trades this year. The Alliance is cancelling one of its six weekly strings between Asia and North Europe, as utilisation levels plummet and freight rates hit rock bottom. From the end of this month the CKYHE will stop its China Europe Shuttle (CES) service…

Several of the world’s top container lines are entering in different vessel-sharing alliances following the current wave of mergers and acquisitions among carriers, reports China Daily. There has been reports that had shocked the containership transport industry - the possible mega-alliance between French liner CMA CGM and China Cosco Shipping (COSCOCS), the recently merged China’s biggest shipping line. Formed by Denmark's Maersk Line and Switzerland's Mediterranean Shipping Co SA, the 2M operates more than 2.1 million twenty-foot equivalent units (or TEUs, the industry measurements of capacity of container ships and terminals), and owns 193 vessels.

China's biggest shipping line China Ocean Shipping Corporation (Coscocs) has revealed an ambitious plan to increase its container shipping capacity to hit a 2 million TEUs over the next three years, says China Daily. The company is raising the operational capacity in an effort to seize a larger slice of the cake, known as the East-West and South-North routes. Wan Min, general manager of China COSCO Shipping, said Chinese shipping companies mainly operate container shipping services on Asia-Africa and China-Southeast shipping lines, the competition will therefore focus on major shipping lines in particular Asia-Europe and Asia-America routes.

China Cosco Shipping (COSCOCS), China's biggest shipping line, plans to carry out a careful selection of its future vessel-sharing alliance partners, but will maintain its two current alliances for the moment, the company said on Friday. Analysts have said the global network of vessel-sharing alliances on container routes could be shaken up by recent deals, including the formation of COSCOCS through the merger of China Ocean Shipping (Group) Company (COSCO) and China Shipping Group. China COSCO , a unit of COSCO, is part of the CKYHE alliance with Kawasaki Kisen Kaisha, Yang Ming Marine Transport, Hanjin Shipping and Evergreen Marine, while China Shipping Container Lines , a unit of China Shipping Group, CMA CGM and United Arab Shipping Co make up the Ocean Three alliance.

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.

Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container shipping having sent freight rates to levels that at times don't even cover the fuel cost of moving containers across oceans, The Wall Street Journal reported. It has placed an order for 11 19,000 TEU containerships at four domestic shipyards. This is the largest single order for container ships Chinese yards have ever received. When fully-loaded, such ships cut that cost by about 25 percent compared to smaller vessels. China COSCO stated in its filling to the Shanghai Stock Exchange on September 9 that it has ordered two container ships at Dalian COSCO Khi Ship Engineering (DACKS) for $270.6 million…

Evergreen Group held the naming ceremony for EVER LUNAR today, the seventh of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony, which was officiated by Ms. Lee-Ching Ko, Second Vice Group Chairman of Evergreen Group, took place at CSBC's Kaohsiung shipyard. The official rope-cutting of the new 8,508 TEU vessel was performed by Mrs. Lin, Mei-Chun. EVER LUNAR is owned by Evergreen Marine Corporation (Taiwan) Ltd. The ship is 334.8 meters in length, 45.8 meters wide and has a draft of 14.2 meters. In common with its L-type sister ships, EVER LUNAR can cruise at speeds up to 24.5 knots. The ship will be delivered into service in January and join Evergreen Line's Far East - Arabian Persian Gulf (APG) Service.

Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers, according to performance rankings published in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry. Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months to October 2014 with overall on-time performances of 80.4% and 78.5% respectively. The next best performing carrier was Cosco at 69.9%…

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE files an Agreement and reports to related regulators to comply with their regulations. Regarding the expansion of the cooperation, CKYHE already submitted a formal letter to Ministry of Transport (MOT) of PRC, filed with the Federal Maritime Commission (FMC) a Filing Agreement to cover U.S. trades, and informed the EU Commission of developments. In U.S.