Marine Link
Monday, November 12, 2018

Container Shipping News

MSC, TRAXENS Pact for Smart Containers

Pic: MSC Mediterranean Shipping Company S.A.

The container shipping and logistics giant MSC Mediterranean Shipping Company is increasingly introducing smart container solutions for customers at many locations around the world, using IoT solutions developed by its partner TRAXENS.MSC is committed to equipping 50,000 dry cargo containers in the coming months to meet the growing demand from shippers for TRAXENS solutions, said a press release from the company."MSC’s partnership with TRAXENS will enhance supply chain management for shippers through unprecedented visibility of dry cargo flow from door-to-door…

OOCL Begins Transition to Meet IMO 2020 Regulation

Pic: Orient Overseas Container Line

Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) fleet moves forward to meet IMO 2020 regulation.Over the years, the industry has seen an increasing amount of attention given to the environmental impact from the global supply chain, resulting in regulations on emissions control and environmental protection becoming more stringent and widespread across the world.May it be in the form of introducing or expanding Emissions Control Areas (ECA) on the regional level…

Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships

(File photo: Hyundai Merchant Marine)

South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for ship orders with South Korea's top three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries.DSME and Samsung will build seven and five 23,000 TEU vessels respectively, which are expected to deliver in the second quarter of 2020.

CMA CGM Estimates Low-sulphur Rule Will Cost $160 Per TEU

(Photo: Eric Haun)

Container shipping group CMA CGM said it estimates the cost for it to comply with a new global low-sulphur shipping fuel regulation at around $160 per TEU, or standard container, at current conditions.In a statement on Monday, the French firm, one of the world's largest container lines, said the cost would be absorbed by adjustment of fuel surcharges for customers.CMA CGM reiterated it would use several solutions to meet the low-sulphur standard, which will come into effect on Jan.

MSC to Introduce Global Fuel Surcharge

Photo: MSC Mediterranean Shipping Company

Improving the environmental performance of the container shipping supply chain is a common goal shared by shipping lines, shippers, freight forwarders and non-vessel operating common carriers, as well as governments, regulators, and the public around the world.The UN International Maritime Organization (IMO) requires that from 1 January 2020, Sulphur content in the fuel used for international shipping must be limited globally to 0.5%, compared with the current standard of 3.5%…

World Shipping Council Names Tim Wickmann as New MD, Asia

Pic: World Shipping Council

The World Shipping Council (WSC) is pleased to announce that Tim Wickmann is joining WSC as its new Managing Director, Asia.Wickmann served most recently as CEO of MCC Transport and has worked in various leadership positions in international liner shipping for the last three decades.“The liner shipping industry is a global network and therefore needs consistent regulatory treatment across the globe. That requires the industry to have a coordinated voice on regulatory matters.

Unease Over IMO 2020 Low-Sulphur Rule: Drewry Survey

Graphics: Drewry Supply Chain Advisors - IMO 2020 Global Emissions Regulation Survey Sept 2018

There is considerable unease among global shippers/BCOs (Beneficial Cargo Owners) and freight forwarders ahead of the IMO’s 2020 global emissions regulations, due to come into force on 1 January 2020, according to a survey conducted by global shipping consultancy Drewry.Particular uncertainty and concern was expressed by respondents in both the survey and follow-up interviews about carriers’ methods of fuel cost recovery with more than half of all respondents (56%) stating that they did not consider their service providers’ existing approaches as either fair or transparent.Further to this…

Logistics Firms Bundle Freight in Alblasserdam

Participants during the Inland Container Shipping Chain sector consultation on 26 September 2018. Pic:  Port of Rotterdam

Port of Rotterdam Authority has welcome initiatives from companies including BCTN, Kramer and Waalhaven Group for more efficient transportation of containers between the Port of Rotterdam deepsea terminals and the hinterland.BCTN is bundling freight in Alblasserdam from its eight terminals in the Netherlands and Belgium in order to offer point-to-point services to the deepsea terminals on Maasvlakte.Kramer and Waalhaven Group are bundling cargo at their own terminals in Rotterdam…

Hapag-Lloyd Launches Optimised Mobile App

Image: Hapag-Lloyd

Beginning immediately, all Hapag-Lloyd customers can make use of the advantages offered by the carrier’s optimised app, says a press release from the company.The app’s functionality has been expanded to include Quick Quotes and online booking. Quick Quotes makes the quotation process for container shipments faster, easier and more convenient – across the world and around the clock.In just a few seconds and no matter where they are, customers can request a binding offer and then…

GSF Condemns Maersk's Sulphur Surcharge

Image: Global Shippers Forum

The Global Shippers Forum has reacted with suspicion to the announcement by the Maersk container shipping line of new fuel surcharge arrangements from 1 January 2019 to recover presumed costs from the introduction of low-sulphur marine fuel from 1 January 2020.Based on the information released by Maersk, the new charges, which are additional to agreed contract rates, are based on two factors - an average cost of fuel and a ‘trade factor’ that upscales the costs on head trades and discounts the fuel cost on reverse trades.

COSCO Shipping Lines Comes to Bosnia

File Photo: Cosco

China's largest state-owned international and domestic container shipping and related services company COSCO shipping lines is opening its first branch in Sarajevo of Bosnia and Herzegovina.The Sarajevo office was opened within the “One Belt – One Road” (Maritime Silk Road) initiative. As its fourth regional office, it will add Bosnia to Croatia and Serbia, where COSCO already operates. The Maritime Silk Road is a sea route connecting China, Southeast Asia, Oceania, Europe and North Africa.FENA news agency quoted Meliha Mujezinovic…

Optimism in Multipurpose Shipping: Drewry

Global consumption of primary energy by fuel type (million tonnes oil equivalent). Graph: Drewry Maritime Research

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

Kalmar, DP World Southampton Pact for Hybrid Straddle Carriers

Image: Kalmar

Kalmar, part of Cargotec, has signed a contract with DP World Southampton to supply 12 hybrid straddle carriers for use at their container terminal, said a press release.The Southampton agreement also includes maintenance and operator training as well as six months of on-site maintenance support. The order was booked in Cargotec's 2018 third quarter order intake, and delivery is scheduled for Q2 of 2019. DP World Southampton is the UK port of choice for many global leaders in the container shipping industry.

Drewry Downgrades Forecast for Container Demand

(Photo: Drewry)

A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster.Drewry’s long-term supply and demand prognosis for carriers has deteriorated since the last report. Previously, the company’s global supply-demand index was expected to take incremental steps upwards through 2022, by which time the industry would at long last be close to equilibrium.However…

UNCTAD Lists Seven Key Trends Shaping Maritime Transport

Pic: United Nations

UNCTAD’s Review of Maritime Transport 2018 identifies seven key trends that are currently redefining the maritime transport landscape and shaping the sector’s outlook.These trends, presented in no particular order, entail challenges and opportunities which require continued monitoring and assessment for effective and sound policymaking.1) ProtectionismOn the demand side, the uncertainty arising from wide-ranging geopolitical, economic, and trade policy risks as well as some structural shifts, constitutes a drag on maritime trade.

Drewry Rolls-out ‘Cost Impact Calculator’ for Shippers

Pic: Drewry Shipping Consultants Limited

Responding to the concerns and needs of Beneficial Cargo Owners (BCOs) ahead of the IMO 2020 global emission regulation, global shipping consultancy Drewry announces the addition of a new BAF formula and fuel cost benchmarking service to complement its existing range of ocean freight procurement support services.In cooperation with both shipper members of the Drewry Benchmarking Club and other parties, Drewry has developed an IMO low-sulphur rule, “Cost Impact Calculator” based on robust market data…

Ocean Express Network Incurs a USD600 mln Loss in First Year

Image: Ocean Network Express

Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, says its revised consolidated business forecast for FY2018 (April 1, 2018 to March 31, 2019).The integrated container shipping operating company,  which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha, said in a press statement that the loss is attributed to its struggle with a new information technology, staff shortages and a rapidly rising fuel costs.Singapore-headquartered ONE…

V. Group Acquires Norddeutsche Reederei

Image: V.Group

German shipowner Norddeutsche Vermögen Group and V.Group have signed an agreement for Norddeutsche Reederei H. Schuldt to join V.Group.At the same time, the combined company will form a partnership for commercial management with Blue Net Chartering.The transaction represents a major step in delivering consolidation of commercial and technical management in the container segment in Germany, underpinning V.Group’s ambition to drive the transformation of the industry and to be the…

Hapag-Lloyd to Introduce Cleaner Fuel Charges from 2019

(Photo: Hapag-Lloyd)

German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules.The Hamburg-based firm said on Monday that it has developed what it will call a marine fuel recovery mechanism (MFR), which it will gradually introduce from Jan.

Global Shipping Business Network on Blockchain Platform Launched

Shipping industry executives initiate blockchain consortium at a signing ceremony. Photo: CargoSmart Ltd.

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…

ONE Drags Down NYK Line Earnings

Image: Ocean Network Express (ONE)

Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30, compared with a JPY6.2 billion profit a year earlier. The consolidated revenues amounted to JPY 915.6 billion, down from JPY 1,064.2 billion in the same period of the previous fiscal year.The new shipping line ONE, which was established with the aim of integrating the container shipping business with those of Kawasaki Kisen Kaisha, Ltd.

Milaha Reports 10% Increase in Net Profit

Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended September 30, 2018. Key financial highlights:•Operating revenues of QAR 1.8 billion ($494 mln) for the nine months ended September 30, 2018, compared to QAR 1.7 billion ($466 mln) for the same period in 2017•Operating profit of QAR 314 million ($86 mln) for the nine months ended September 30, 2018, compared to QAR 200 million ($54 mln) for the same period in 2017•Net profit of QAR 400 million ($109 mln) for the nine months ended September 30, 2018, compared to QAR 363 million ($99 mln) for the same period in 2017•Earnings per share of QAR 3.52  for the nine months ended September 30…

Fitch Warns: Shippers' Costs and Capex may Increase

Image: Port of Hamburg

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report."This may negatively affect their credit quality unless they manage to pass these costs to customers. Many shipping companies have started implementing fuel surcharges to recover costs associated with the new sulphur cap regulation, but their ability to sustain these will depend on market fundamentals…

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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