EU Ambassadors Visit Peru’s Largest Multipurpose Terminal
APM Terminals Callao hosted an EU delegation of ambassadors representing 12 EU member states. Led by the EU Ambassador in Peru, Diego Mellado, the visit was of special interest as annual trade between the EU and Peru is more than $10 billion, 60% of which are exports from Peru to the EU. The trade agreement between the EU and Peru celebrated its fifth anniversary this year- and this month, the Lima Chamber of Commerce and Peru Eurocámaras signed an agreement to centralize EU efforts to promote economic development and investment.
Mappers Look to Chart World's Ocean Floor by 2030
Using data collected from underwater drones, merchant ships, fishing boats and even explorers, a new scientific project aims to map the ocean floor by 2030 and solve one of the world’s enduring mysteries.With 190 million square km (73 million square miles) of water - or about 93 percent of the world's oceans with a depth of over 200 meters (650 feet) - yet to be charted, the initiative is ambitious.Satinder Bindra, director of the Seabed 2030 project, said the work can be completed within the period and will shed light on everything from tsunami wave patterns to pollution…
Vietnam Opens Haiphong International Container Terminal
Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13. HICT is the first terminal in Northern Vietnam with a berth deep enough to allow calls by 14,000TEU containerships. It will meet customer demands for shorter transit times and lower transport costs, while contributing to economic growth in Northern Vietnam…
Maersk: Disappointing Q1 Earnings Hit Share Price
A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to March 31 rose 5 percent to $669 million but came in well below the $852 million forecast by analysts in a Reuters poll.Chief Executive Soren Skou called the result "unsatisfactory"…
Illegal Fishing: Philippines CG Apprehends 5 Boats
A total of 74 crews including boat captains were apprehended by the joint personnel from Monitoring Control and Surveillance (MCS) 3004 vessel manned by the Philippine Coast Guard (PCG) and Bureau of Fishery and Aquatic Resources (BFAR) Region 5, and Coast Guard Station (CGS) Masbate in coordination with Local Government Units onboard five (5) Danish Seine (Hulbot-Hulbot, Buli-Buli) fishing vessels at vicinity Balud, Jintotolo and Zapatos Islands along Sibuyan Sea in Masbate yesterday, May 12. While conducting maritime patrol at the vicinity, personnel from MCS 3004 sighted said hulbot-hulbot vessels while illegally fishing using Danish Seine method on said islands along Sibuyan Sea.
Top Container Shipping Lines Reviewing Iran Operations
The world's top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.The 2015 agreement, worked out by the United States, five other world powers and Iran, lifted sanctions on Tehran in exchange for limits to its nuclear program.U.S. President Donald Trump also instructed his administration to re-impose U.S. sanctions after a winding down period."MSC is reviewing its services…
Kutubu Light Crude Oil Exports to Resume in Spot Trade
Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April, three industry sources said on Monday.While production at the facility resumed in early April, producers of the light crude oil have been trying to meet previously committed cargoes to buyers which had been delayed due to the earthquake, one of the people said.The sources declined to be identified because they were not authorized to speak with media.The July-loading program will be the first time since February that Kutubu Light crude will be fully available in the spot market…
Tough Recovery Ahead for Some Box Trades; More Uncertainty in Others
Drewry says that recovering demand recovery in the North America-East Coast South America box trades provides encouragement, but local political conditions bear watching. Elsewhere, reports that Maersk and MSC are reviewing their Iran operations underpins broader political uncertainties that could get in the way. North America-East Coast South America box tradesMaritime Research Consultancy Drewry is reporting that the headhaul East Coast South America to North America trade fell by 1% in the first quarter 2018 to 137,000 teu.
Container Shipping Line MSC Stops New Iran Bookings
The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran", adding that they would "conclude this period with the minimum disruption" to their customers' business. "While MSC is not accepting bookings for shipments originating from Iran…
SWIVEL unveils a Logistics Control Tower
SWIVEL Software announced, at the 3PL Value Creation Asia Summit in Hong Kong, the launch of SWIVEL 360, a Logistics Control Tower that can provide both visibility and transparency between all parties in the supply chain. With SWIVEL 360, all parties can get real time alerts and search the status of a shipment based on SKU or item code, purchase order, bill of lading, container, or customer. The collaboration portal also allows simple tasks as searching airline and sailing schedules, communication with factories overseas, booking freight to logistics partners/carriers, and much more.
One Million Ship Containers Missing after P&R Insolvency
Geest North Sea Line to Introduce New Ships
Geest North Sea Line will introduce two 804TEU vessels into service in the course of 2004. Intermodal Transport & Logistics 2002 (ITL2002) in Rotterdam. been used in the North Sea shipping trades before. intermodal transport. and the UK East Coast. capability, usually on deck. tank container traffic required us to look afresh at ship design. associated. shipbuilders. between - in an optimal way.
Maersk Line, RUSAL Partner Long-term
Container shipper Maersk Line has signed an agreement of intent with global aluminum producer RUSAL to cooperate within cargo transportation for the long term. Under the agreement, RUSAL and Maersk Line will cooperate with regards to transport of RUSAL’s products, particularly aluminum and alloys. The estimated cargo volume of the agreement may reach 10,000 containers (TEU) per year. The agreement is valid for three years and includes options for further extension. “The signing of this agreement is a confirmation of the mutual intentions to build a long-term strategic partnership between RUSAL and Maersk Line. The aim of the agreement is the joint search for the most optimal logistic solutions aimed at optimizing costs for both parties,” said Vladislav Soloviev, RUSAL CEO.
Pilot Lost off Columbia River Bar
The Coast Guard is searching for a Columbia River bar pilot who fell from a container ship near Astoria, Ore., Monday evening. The pilot fell overboard, while climbing down the ladder from the 558-foot merchant vessel Dry Beam to a Columbia River pilot vessel. The Coast Guard launched two 47-foot motor lifeboats from Coast Guard Station Cape Disappointment, Wash., and an HH-60 Jayhawk helicopter from Air Station Astoria, shortly after receiving the report Monday night. The 47-foot motor lifeboats searched for an hour before returning to the station due to severe weather conditions. The Jayhawk searched for the man until 12:30 a.m., before they too had to return due to heavy rain and fog that limited visibility to less than 100 feet.
CargoSmart Launches Big Schedules Search Engine
CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean routes. Big Schedules actively sources ocean carriers’ published sailing schedules and live vessel location data in order to provide personalized search results for faster and greater insights to improve their shipment planning. The new, free sailing schedule search engine is available on the website.
Maersk Cuts Growth Forecast
Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT. Maersk overcame low oil prices and freight rates in its container shipping business to post a 7 per cent fall in underlying net profit in the second quarter at $1.1bn, which was well ahead of analysts’ expectations of $820m. The world’s biggest container-shipping operator by capacity adapts to persistently low crude prices and stiff competition in the cargo market.
Linescape’s Ocean Container Search Engine
Linescape announced the launch of its free, independent search engine for finding and comparing routes and schedules for shipping ocean containers (www.linescape.com). Linescape brings to users an overview of the routes and schedules of the world's carriers, of all sizes, thus giving shippers and forwarders the freedom and ease to find the carrier with the lowest cost or the best schedule for any particular shipment. Linescape's search engine leverages Web 2.0 technology to simplify sorting through 6 million voyages to 3,000 ports on over 100 shipping lines, and with more added each week. In today's economic climate, optimized logistics and supply chain functionality is critical for success.
Search for El Faro Crew Continues, Hopes Fading
Responders continue the hunt for possible survivors from the missing cargo ship El Faro, which is believed to have sunk during Hurricane Joaquin. As of Tuesday night, crews have searched some 172,257 square nautical miles while scanning in the vicinity of the ship's last known position 35 nautical miles northeast of Crooked Islands, Bahamas, the Coast Guard reported. A decision on how much longer the search will continue could be announced on Wednesday afternoon, the Coast Guard said.
Container Shippers Raided in S.Africa over Suspected Collusion
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The development comes as global container lines struggle in the worst-ever market conditions, caused by a glut of ships and slowing global trade, which has battered earnings and forced at least one out of business. The six companies raided comprise local subsidiaries of Denmark's Maersk…
Fully Loaded Container Barge Ablaze Off Bahamas
The US Coast Guard inform that search and rescue personnel at the District Seven Command Center in Miami are coordinating fire-fighting efforts on a towed 730-foot barge loaded with containers on fire about 86-miles northeast of Nassau, Bahamas. The Command Center received a call from the 127-foot tug Patriarch, reporting that a fire had started among cargo containers on the the barge. The Coast Guard considered that there is no threat to the general population or the seven crewmembers aboard the Patriarch at this time.
Container Shipping Struggles with Overcapacity: McKinsey
The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, warns consultancy McKinsey & Company in its latest report. As container lines search for successful paths forward, they need to first determine what their strategy and potential role in the continuing industry consolidation will be. While mergers will continue, they do not need to be feared, just managed—and the guidelines in this report provide a starting point.
Containers Lost in Rough Seas
The search is on for 12 containers swept overboard from motor vessel Manoa in heavy weather and seas late Friday evening. An environmental contractor has been hired by the shipper to recover discharged debris and containers, which are empty with the exception of miscellaneous packing material, according to the U.S. Coast guard (USCG). The environmental contractor is in the process of removing the container and miscellaneous packing contents from one of the containers that came ashore at Baker Beach. The Coast Guard has issued a safety alert urging mariners to exercise caution and is working with National Oceanic and Atmospheric Administration (NOAA)…
Digitisation Helps APM Terminals Pipavav
With more than 500 trucks per day passing through the gates at APM Terminals Pipavav, even the smallest efficiency improvement quickly adds up to 100s of hours saved per day. The terminal’s latest digital solution also offers significant environmental benefits, cost savings and improved safety. APM Terminals Pipavav have developed an online version of Form 13 (gate-in permits issued by terminals) required for each import/export container. Known as e-form 13, it will save close to 3 million kilometres of road trips and their associated carbon emissions each year.