APL Finalizes Ship Charter Deal
APL, the container transportation arm of Neptune Orient Lines, has signed a charter agreement for five new post-Panamax container vessels. The ships will each have a nominal capacity of 7,000 TEU (twenty-foot equivalent unit) and will be deployed in the Transpacific trade from 2009. The vessels are being built at Hyundai Heavy Industries in South Korea and will be chartered for five years from German owners, Bernhard Schulte.
NOL Shipmanager Wins Top Award
The ship management arm of container transportation and logistics group NOL has received the Excellence in Training Development accolade at the Singapore International Maritime Awards 2007. Neptune Shipmanagement Services (Pte) Ltd (NSSPL), which is responsible for running the ship fleet of NOL’s container shipping business, APL, received the award at a gala ceremony in Singapore. The awards, which are judged by independent panel, acknowledge the recipients’ excellence and their contribution to the development of Singapore as an international maritime centre.
NOL Shares Soar On Management Change News
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10% on optimism over recent management changes, dealers said on Tuesday. Late September, NOL said it had hired more senior executives from Sea-Land Services as senior officals for its container transportation arm, APL. The move were seen as positive and reinforced the shipping group's commitment to grow its European and North American presence. Flemming Jacobs is NOL's new chief executive officer.
NOL Appoints New Chief Information Officer
The NOL Group has elected veteran technology executive, Donald G. Liedtke, as its chief information officer (CIO) - heading its organization of about 300 computer systems specialists. Liedtke, who was previously with Packard Bell NEC, will be based at the APL office in Oakland, Calif., which houses NOL's information technology group, as well as the global headquarters of APL Logistics - the container transportation and logistics arm of the NOL Group.
NOL To Split, List American Eagle Tankers
Neptune Orient Lines, the world's sixth largest container shipper, plans to spin off and list its oil-transportation unit, American Eagles Tankers (AET), on the New York Stock Exchange. The Singapore-based company said it plans to offer common shares to be listed on the NYSE and Singapore Depositary Receipts (SDRs) on the Singapore Exchange to investors internationally as well as in the city-state. The offering is expected to be made in the second or third quarter and AET would use net proceeds of the offer to buy additional tankers for an expansion program. NOL said the listing would unlock value for shareholders and support the growth of the group's three core businesses - logistics, container transportation and oil transportation in tankers.
Seroka Named New APL President, Americas
APL, a container shipping line, named Gene Seroka its new President in the Americas. Seroka, a 21-year-veteran of the company, replaces John Bowe who is leaving in June. Until recently the Regional Vice President for the Middle East, Seroka will relocate to the company’s regional headquarters in Phoenix, Arizona. He’ll be responsible for all of the shipping, intermodal transportation and terminal activities of APL, the world’s fourth-largest carrier. APL is the principal business of container transportation and logistics company NOL Group. Seroka, who joined the company in 1988, has a management background in both container shipping and logistics. He has worked in five countries for NOL.
L-3 and Power2Ship to Collaborate
Power2Ship Inc. announced their collaboration with L-3 Communications on a solution for secure and efficient container transportation worldwide. This solution is targeted to meet the recent Department of Homeland Security objective outlined by Secretary Chertoff for supply chain security. Since its creation, the Department of Homeland Security has created programs to safeguard our borders from threats. However, securing the movement of containers through the ports and across highways and rail systems has proven much more difficult. "Our risk-based solution focuses on both the containers and on all of the related transportation service providers in the supply chain," commented Michael Darden, President, Power2Ship, Inc.
Transas Awarded An Order For OOCL Container Ship Model
According to the order received from the global container transportation company, Orient Overseas Container Line (OOCL), Transas Marine will create a mathematical and visual model of the company's 75,000-ton container ship. OOCL will use the container ship model at its simulator training facilities in Zhoushan, China, where a Navi-Trainer Professional simulator from Transas was installed in early 2000. Transas will design the simulated model in full accordance with real characteristics of OOCL's vessels. This will give the container company's navigators the excellent opportunity to try the maneuverability of their ships and improve their navigating skills prior to embarking upon an actual voyage.
MHI Kobe Shipyard’s Receives Orders
Mitsubishi Heavy Industries, Ltd. (MHI) has received consecutive orders for large size container ships from the Evergreen Group of Taiwan, one of the leading container transportation operators in the world. Since 1992, MHI has received orders for 38 container ships from Evergreen without a break, of which 32 ships have either been built, or are to be built at MHI’s Kobe Shipyard and Machinery Works, and six at Nagasaki Shipyard and Machinery Works. MHI Kobe has marked the launching of the 30th container ship for Evergreen on February 5, and christened as Hatsu Excel. Among Japanese shipbuilding companies, only MHI has recorded consecutive orders for 38 large size container ships from one ship owner.
NOL To Charter Two Vessels For APL
Neptune Orient Lines Ltd (NOL) will reportedly charter two new large container ships for use by APL, its container transportation and logistics unit. The two vessels, each with a capacity of 5,500 teu, will be deployed by APL in Asia-Europe trade, the company reported. NOL officials said the two vessels, to be built at the Samsung Heavy Industries yards at Koje Island in South Korea, were scheduled to be delivered in mid-2001. NOL will charter the vessels from owner Greece-based Danaos Shipping Company for a period of five years or longer, bringing total NOL container capacity to about 215,000 teu.
NOL To Charter Two Vessels For APL
Neptune Orient Lines Ltd. (NOL) will charter two new large container ships for use by APL, its container transportation and logistics unit, according to company officials. Officials said APL will deploy the vessels, each with a capacity of 5,500 teu, in Asia-Europe trade. NOL said the two vessels, to be built at the Samsung Heavy Industries yards at Koje Island in South Korea, were scheduled to be delivered in mid-2001. NOL will charter the vessels from owner Greece-based Danaos Shipping Company for a period of five years or longer, bringing total NOL container capacity to about 215,000 teu.
Shanghai Port Sets New World Record
The annual handling capacity of Shanghai Port surpassed 40 million TEUs (twenty-foot equivalent units), breaking an existing world record, the Chinese state media reported. Xinhua quoted the Shanghai International Port Group saying that Shanghai Port started container transportation in 1978 with a handling capacity of 7,951 TEUs that year. As one of China's largest ports, its throughput exceeded 30 million TEUs in 2011. In December 2017, Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations.
San Pedro Bay Ports: Clean Air Action Plan Awards
The ports of Los Angeles and Long Beach honored five companies for their extraordinary efforts to fight harmful emissions at the 6th Annual Clean Air Action Plan (CAAP) Air Quality Awards held in San Pedro. The CAAP Air Quality Awards began shortly after the ports of Los Angeles and Long Beach approved the historic San Pedro Bay Ports Clean Air Action Plan in 2006. Port tenants and other port-related businesses are eligible to submit award entries, which are judged by a panel comprised of port staff and representatives from the South Coast Air Quality Management District…
APL President Eng Aik Meng Resigns
NOL Group announced the resignation of Eng Aik Meng as President of its APL shipping business. The container transportation and logistics group has named Kenneth Glenn, currently President of its North Asia Region, as his replacement. NOL said Mr. Eng will leave the company September 1, 2011, to take a new position outside the transportation industry. "We understand Aik Meng's desire to begin a new phase in his career, and we thank him for his contributions to NOL," said Group CEO Ronald D. Widdows. Mr.
NOL Appoints Two Senior Managers
Neptune Orient Lines Ltd, (NOL) has hired two veteran officials at Sea-Land Service as senior executives in its container transportation arm, APL. Edward W. Aldridge, currently Senior Vice President for North America at Sea-Land will become President of APL's Americas Region. Daniel J. McHugh, currently Vice President of the Americas Division at Sea-Land, will become President of APL's Asia-Middle East Region. Tim Rhein, current President and CEO of APL Limited, will continue at the company in a broader capacity to be announced, according to Flemming R. Jacobs, President and Chief Executive Officer of NOL. Aldridge and McHugh round out the team of three senior regional executives at APL reporting to Jacobs.
New Route for Container Trains in UTLC Services
In connection with the increased cargo transportation by accelerated container trains en route China/ Europe/ China, UTLC JSC jointly with Belintertrans-Germany LLC, with assistance of the Belorussian Railways Baranovichi Division, is introducing an additional container train route via Kuznitsa/ Bruzgi border crossing. On July 31, 2017, the first container train departed from the Lodz to Chengdu Station in this route. The container train has 41 40” containers with assembled cargo.
Wärtsilä X92 Engines the Choice for New 4 Turkish Container Ships
Wärtsilä say they are to supply their Wärtsilä X92 main engine for a series of four Post Panamax 9000 TEU container ships (with options for a fifth) to be built for the Ciner Group, based in Istanbul, Turkey. Each vessel will be powered by an 8-cylinder Wärtsilä X92 engine and will be built at Hanjin Heavy Industries & Construction (HHIC) shipyard's facilities in Subic Bay, the Philippines. The choice of the Wärtsilä X92 engine was based on its particularly high efficiency and environmental performance.
Maersk Profit Halves, Global Trade Forecast Dimmed
Container shipping demand at lowest since 2008 crisis; additional capacity supply far outstrips demand. Shipping and oil conglomerate A.P. Moller-Maersk said on Friday third-quarter profit almost halved and global demand for container transportation this year would grow at a slower pace than previously expected. The Danish company, which operates the largest container shipping business in the world, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4 billion, down from the $4.0 billion previously expected.
Vietnam to Protect Domestic Fleet
Vietnam says no to foreign firms to provide container transportation service on domestic routes, says a report published in VietNamNet Bridge. The Vietnam Maritime Bureau (Vinamarine) has sent a dispatch to the Ministry of Transport (MOT) seeking to continue policies to protect its fleet in the domestic transportation market. The increase in the number of vessels and the unchanged volume of goods are the two reasons it cited as a basis for the proposal. Earlier in 2013, Vietnam imposed a ban on foreign firms.
Shipping Oversupply Persists Despite Scrapping Increase: Drewry
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not be a real relief for the struggling container shipping industry. "This will only make a dent into the over-capacity built during the 2010-15 period," Drewry wrote in a note. Demolitions are expected to reach 450…
Asia-Europe Box Rates Drop Almost 21 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the largest ever weekly decline on the world's busiest freight route since the index began recording rates in 2009. A level below $1,000 is widely seen as a loss-making level for container shipping companies. Container freight rates have so far increased in 12 weeks this year but fallen in 33 weeks.
Profit Warning of China Shipping Container Lines
China Shipping Container Lines (CSCL) has released a profit warning stating that it expects to close the financial year 2015 with a net loss of about 2.8 billion yuan (425 million dollars) compared to a profit of over one billion yuan recorded in 2014. The Chinese container line expects to log big 2015 deficit as volumes fall 8%. The Shanghai- and Hong Kong-listed carrier said the poor results are mainly due to a depressed container shipping market. While the new shipping capacity continued to expand…
APL: Vietnam Seaport Master Plan Must Have Long-Term Focus
Vietnam must better coordinate the planning and construction of an integrated seaport network to handle the country’s rapid trade growth, according to container transportation leader APL. The company was providing an update of the findings outlined in a research paper, entitled: “Vietnam Transportation and Logistics: Challenges and Opportunities”, developed earlier this year by the NOL Group, the Singapore-based parent company of APL, to examine Vietnam’s transportation and logistics environment. “Vietnam’s cargo growth potential is tremendous. Average historical growth of containerised cargo of 20% could rise to 25% per year. Previous government forecasts have underestimated actual growth of container volumes…