Simatech Begins Coastal Shipping Service in India
Sima Marine, a subsidiary of Dubai-based Simatech Shipping, one of the largest container feeder servicing companies in the world operating 54 ships, has launched coastal container shipping services in India. The coastal container shipping service will operate from Kochi connecting Mangalore in Karnataka, Goa and Mundra in Gujarat. Simatech Shipping is one of the largest container feeder servicing companies in the world operating 54 ships with partners, including 15 of its own.
OOCL, Wan Hai To Start Direct China-Mid East Route
Orient Overseas Container Line (OOCL) and Wan Hai Lines Ltd. will reportedly operate a joint direct container shipping service directly between North China and the Middle East.
ZIM Introduces CGX Service in New Orleans
ZIM Integrated Shipping Ltd. formally introduced a new weekly container shipping service to the Port of New Orleans' Napoleon Avenue Container Terminal. The Caribbean Gulf Express, or CGX service, offers weekly service to Caucedo, Dominican Republic; Altamira and Vera Cruz, Mexico; and Kingston, Jamaica. The CGX service serves all major trade routes, including Asia through its hub in Kingston, Jamaica. Haifa, Israel-based ZIM employs five container ships in the CGX service. The company sails 101 vessels in its fleet with an overall capacity of 337…
APL Alexandrite First Call, Cai Mep Port
The ship APL Alexandrite became the first linehaul container vessel to call at the Saigon Port-PSA (SP-PSA) deepwater container terminal located on the Cai Mep river in Ba Ria Vung Tau Province in southern Vietnam. The 3,821 TEU (twenty-foot equivalent unit) vessel was undertaking a trial voyage ahead of the beginning on 4 June of the industry’s first direct container shipping service linking Vietnam and the West Coast of North America. The APL Alexandrite’s historic arrival was witnessed by hundreds of well wishers at SP-PSA…
Container Shipping Demand Remains Good: Hapag-Lloyd
In the medium term, demand for container shipping services should continue to rise in tandem with expected ongoing growth in global trading volume, says Hapag-Lloyd. As a result, the container shipping industry’s medium-term growth prospects remain intact, says the company in its investor outlook for 2017. In its latest economic outlook (April 2017), the International Monetary Fund (IMF) expects global economic growth to reach 3.5% in the current year. This forecast means that the global economy is set to grow at a slightly faster rate in 2017 than in the previous year (+3.1%).
Top Lines Resign From EPIC
Indian sub-continent - have given notice to the other consortium members. three will resign from membership of EPIC from July 2003. Nedlloyd will form a new consortium to be called EPIC 3. from Contship Containerlines and CMA CGM, plus two from P&O Nedlloyd. transit times on the route which will be maintained by the members of EPIC 3. the capacity available through the new service agreement. volumes from India/Pakistan to Europe.
PD Ports Named Outstanding Service Carrier
PD Ports, the operator of North East port, Teesport, has been named the Most Outstanding Service Carrier of the Year in 2009 by UK retailer, ASDA, at its annual National Carrier of the Year awards ceremony. The award was won by PD Ports for its Logical Link service - a coastal feeder container shipping service offering a next day connection between Felixstowe in the south of England and Teesport in the north, which runs three days per week. ASDA has used the Logical Link service since it launched in January 2009, to ship goods destined for its northern markets into Teesport, where the retailer operates a 360,000ft distribution center.
Horizon Lines Acquires Aero Logistics
logistics provider (3PL) headquartered in South San Francisco, CA. of the acquisition were not disclosed. high-tech, healthcare, energy, mining, retail and apparel. Transportation division. Horizon Lines, Inc. business. shipping services between the U.S. Puerto Rico.
Hyundai Drive Made First Call to Hamad Port
Qatar’s Hamad Port announced the addition of a new service from South Korean shipping line Hyundai Merchant Marine (HMM) to its growing network list, QNA reported. HMM’s 365.5-metre-long ‘Hyundai Drive’ made its first call to Hamad Port, marking the official start of a new Hyundai Merchant Marine’s KME (Korea Middle East Express) service. It is the largest container vessel to make its maiden call in Qatar since the opening of Hamad Port. The vessel from Kwangyang Port in South Korea arrived at Hamad Port in the container terminal CT1.
China Shipping Service to Moldova
China Shipping Group has launched container shipping services in Moldova, becoming thus the second foreign companies to have the operation in the country's only port of Giurgiulesti. The hub is vital for Moldova as its economy suffers as a result of the Russian embargo on Moldovan goods. The decision of Chine Shipping Container Lines to expand its services to Moldova is part of the Chinese government’s initiative to revive the ancient Silk Road via its Silk Road Economic Belt and 21st Century Maritime Silk Road projects.
Westports Q2 Profit Up
Malaysian port operator Westports Holdings saw second quarter net profit jump 31% to MYR159.9m ($39.6m) from MYR122.1m in the previous corresponding period due to an increase in container volumes. Correspondingly, revenue also climbed to RM522.6mil from RM405.3mil last year. For the first six months, the port operator’s net profit stood higher at RM330.9mil from RM242.3mil in 2015. Revenue for the first half of the year chalked up to RM987.3mil against RM804mil in corresponding period last year.
Maersk Gains Approval for Hamburg Sud Takeover
World No. 1 shipping company Maersk Line gained EU antitrust approval on Monday for its acquisition of Hamburg Sud (HSDG) after agreeing to pull the German company out from five consortia on trade routes to address competition concerns. The bid by Maersk, part of Denmark's A.P. Moller-Maersk , underscores the wave of mergers in an industry struggling with over-capacity and slowing global trade. Hamburg Sud will withdraw from the consortia on trade routes connecting northern Europe to central America…
Hanjin's First Service Call at Krishnapatnam Port
Hanjin Shipping India Pvt Ltd, the South Korean shipping conglomerate, made its maiden call at KPCT on 1st February, 2016. Vessel MV Hanjin Florida had exchanged 553 TEU out of which 109 TEU are imports and 444 TEU are exports. Krishnapatnam Port Container Terminal, whose volume during Apr’15 - Jan’16 has already surpassed FY 2014-15 container volume, offers immense opportunities for new service calls to tap its huge hinterland. The Port Rotation for this service is: KRISHNAPATNAM – TANJUNG PELEPAS - SINGAPORE – QINGDAO – XINGANG – BUSAN – SHANGHAI – NANSHA.
Asia Key to Recovery of Containerized Trade
Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20. “Intra-Asia is already the world’s single largest container trade,” Jason Wong, Vice President of APL’s Intra Asia trade, told the 8th ASEAN Ports & Shipping Conference. By 2015, Intra Asia will contribute 32% of global containerised trade, with the Asia-U.S. and Asia-Europe trades 17% and 18% respectively, according to analyst Global Insight. Wong said that along with China and India…
Canadian Pacific To Acquire TMM's Shareholding In Americana Ships
Canadian Pacific Limited has agreed to acquire the outstanding 50 percent of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico. CP Ships and TMM formed Americana Ships in January 1999 as an equal partnership. TMM has now decided to narrow its strategic focus to concentrate on its other activities. Completion of the transaction, which is subject to regulatory approval, is expected early in the new year. It will confer full ownership of the container shipping services operated under the Lykes Lines, TMM Lines and TMG brands to Canadian Pacific's container shipping subsidiary, CP Ships. The transaction also includes the 27,000 teu container fleet owned by TMM and used by Americana Ships.
Coscocs Targets 2 Mln TEUs by 2018
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…
Antwerp, Metz Rail Connection Doubles in Frequency
One year after the introduction of the rail shuttle between Antwerp and Metz, the intermodal logistics operator Multi-Modal Rail (MMR) has doubled the frequency. As of the middle of January the Dutch-French company provides a second weekly container shuttle. This increased frequency offers shippers the ideal connection to deepsea services in the port of Antwerp, for their import and export consignments in the Alsace-Lorraine region. The shuttle leaves on Monday and Wednesday from Antwerp Main Hub and arrives the following day at the MMS terminal in Metz.
MOL Enhances Inter-continental Container Ship Service
Mitsui O.S.K. Lines, Ltd. (MOL) President: Koichi Muto has announced an improvement of the Asia-South Africa container traffic network with the following changes aimed to meet customer needs by providing direct services and contimuous port coverage. Opening of the new route "ASA" linking Central and South China, Taiwan, South East Asia and South Africa starting on 8th April 2012. MOL will offer a weekly service by joining the existing ASA service operated by Kline (Kawasaki Kisen Kaisha) and PIL (Pacific International Lines).
APL, Direct Vietnam to North America Service
Global shipping leader APL announced the launch of a new weekly direct container shipping service linking Vietnam and the West Coast of North America. Previously, Vietnam’s exporters have had to rely on small feeder vessels to connect with larger ships to gain access to the world’s major consuming markets. The first departure of the APL-operated service on 4 June will directly link Vietnam’s exporters to the Transpacific routes, which are among the world’s largest and most dynamic trade lanes. “This is the beginning of a new era for trade with Vietnam and marks its increased importance as a manufacturing and export centre,” said Eng Aik Meng, President of APL. In early 2007, APL co-authored research examining Vietnam’s transportation and logistics environment.
Crowley Reestablishes Second Weekly Sailing to Haiti
To better meet the needs of customers shipping to Haiti from the Dominican Republic and South Florida, Crowley Maritime Corp. has enhanced its liner container shipping services by renewing its second fixed-day sailing to Port-au-Prince from Rio Haina and Port Everglades starting this week. After the 2010 earthquake in Haiti, Crowley reduced its twice-weekly service to Haiti to a single port call on Mondays due to infrastructure damage and resulting deterioration in the port's service capabilities. Now that the infrastructure has been repaired and those capabilities have been restored, customers once again will have the valuable option…
China Shipping Merger Erases $900 mln in Market Value
Shares of Cosco Group and China Shipping have taken a hammering on the stock markets as two major companies lost about $900 million in total market value after the government proposed combining its two key ocean liner groups, reports Bloomberg. China’s shipping giants led the declines with drops of as much as 30 percent, the most on an intraday basis in more than 10 years. The shares had been halted from trading since August pending an announcement by their parent companies.
Canadian Pacific to Acquire TMM's Shareholding in Americana Ships
Canadian Pacific Limited has agreed to acquire the outstanding 50% of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico. CP Ships and TMM formed Americana Ships in January 1999 as an equal partnership. TMM has now decided to narrow its strategic focus to concentrate on its other activities. Completion of the transaction, which is subject to regulatory approval, is expected early in the new year. It will confer full ownership of the container shipping services operated under the Lykes Lines, TMM Lines and TMG brands to Canadian Pacific's container shipping subsidiary, CP Ships. The transaction also includes the 27,000 teu container fleet owned by TMM and used by Americana Ships.
Crowley Adds New Container Shipping Service
Crowley Maritime Corporation announced that it is launching a new weekly fixed-day container shipping service between Jacksonville and Costa Rica. The service’s two containerships will call at the Jacksonville Port Authority’s Talleyrand Terminal, making port calls in Jacksonville on Thursdays, Port Everglades, Fla., on Fridays, and arrive in Puerto Limon, Costa Rica, on Wednesdays. “We are confident this service enhancement will add a new dimension to our portfolio of Latin America services and bring increased efficiency and savings to our customers…