Maersk Offers New Service
Maersk Line announceed a new, direct service between the Far East and Abidjan, Cote d'Ivoire. On January 28, the company said it will introduce a direct, weekly call in Abidjan, Ivory Coast on the Far East - West Africa 2 (FEW2) service. Thereby we can serve our customers from Far East to Abidjan and from Abidjan to Far East faster and more reliable. The FEW2 service is one of two direct services linking the Far East and West Africa: FEW1 and FEW2. These coupled with our unmatched product range via Algeciras in Spain ensures that we can continue to support the increased trade between the Far East and West Africa with fast and flexible services. First vessel on the new FEW1 rotation will be Santa Alexandra, westbound voyage 0803, calling Nansha on 23 January 2008.
Crowley Expands Russian - U.S. Cooperative Presence
Crowley Maritime Corporation has expanded its international presence with the formation of Crowley Far East Services. shoreside logistics and transportation services to the energy and construction industries in the region. vessels, including some of the industry's most powerful oceangoing tugboats, and barges with heavy lift, breakbulk and ice breaking capabilities measuring up to 400 feet long and 100 feet wide. charter local equipment and will use vessels operated under the Russian flag thus creating jobs and opportunities for Russian citizens while supporting the local economy. The new company provides marketing, operational support and infrastructure for current and future operations on Sakhalin Island and in the Far East.
Panamax Market May Get Jump Start From Active Atlantic
The panamax market may see a boost from increased activity in the Atlantic and more business coming from South America, brokers said on Wednesday. Prospects for the market in the short term looked positive, despite a slow pace in freight rates, they also said. Modern panamaxes booked for delivery in the Atlantic in May, followed by a voyage to South America could fetch up to $11,500 a day or even more after negotiations. Older vessels attracted lower rates, brokers said, giving as prime example the 1982-built 60,158 dwt Amolyntos chartered - for prompt delivery Boston for a voyage to South America, followed by redelivery Far East - at a daily rate of $8,700.
Water in Lena River in Yakutia to Reach Critical Level
Russian Emergency Situations Ministry predicts rise in water level to critical levels of 92 rivers in all regions of the Far East. The most unfavorable situation may arise on the Lena River in Yakutia. "After analyzing the information about the state of the ice in the rivers of the Far East and the amount of snow cover, the specialists of the Far Eastern Center for Monitoring and Forecasting Emergency Situations Ministry predict the possibility of raising the water level to the achievement of critical levels of 92 rivers in all regions of the Far East.
Crowley Forms Crowley Far East Services
Crowley Maritime Corporation has expanded its international presence with the formation of Crowley Far East Services. This new company, formed and incorporated in Sakhalin State, Russia, on April 9, 2003, offers marine and shoreside logistics and transportation services to the energy and construction industries in the region. As a Russian company, Crowley Far East Services offers Russian and international marine transportation by drawing on a fleet of over 200 vessels, including some of the industry’s most powerful oceangoing tugboats, and barges with heavy lift, breakbulk and ice breaking capabilities measuring up to 400 feet long and 100 feet wide.
Buckeye, Trafigura Load Suezmax Tanker in U.S. Port
U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers were completed and the first shipment of crude on a Suezmax tanker took place. The Buckeye Texas Hub terminal located in Corpus Christi shipping channel is 80 percent owned and operated by Buckeye while Trafigura holds a 20 percent stake. "North American supplies have launched the U.S. on to the world stage as a new crude provider.
COSCO Resorts to Rate Restoration for F. East to S Africa Trade
COSCO Container Lines would like to announce Rate Restoration for all shipments (include reefer cargo) from Far East to South Africa Trade and take effect from September 1, 2014. The detail of the RR will be USD150 per TEU Far East include: China Mainland, China Hong Kong, China Taiwan, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Japan, Cambodia, Myanmar and Bangladesh.
MSC Expands and Upgrades Far East Service
Mediterranean Shipping Company will launch this week a new and separate Far East/Medterraneanservice, the Dragon Service, utilizing 8 vessels of approximately 2200 TEU capacity and with a port rotation as follows: Shanghai, Xiamen, Chiwan, Hong Kong, Singapore, Valencia, Barcelona, Fos, La Spezia, Jebel Ali, Singapore, Chiwan, Shanghai. This service improvement is in response to continuing strong demand from the market and to absorb additional cargoes. This continuing expansion by MSC in the Far East is a logical progression of our service network in the region, said Caroline Becquart, Liner Manager responsible for Far East services. It will give our customers a greater choice and enhanced flexibility.
Multi-National Consortium to Construct Russian Far East Shipyard
Russia's Rosneft, Gazprombank, Sovcomflot with Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding (MOU) on key terms of co-operation to establish a shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new shipyard – shipbuilding complex Zvezda – in 2016, to establish a Russian-Korean engineering center for shipbuilding and marine equipment for offshore projects. The companies also agreed key terms for technology exchange, localization of production and contracts placement.
Bulk Carrier Trends: Panamax Activity On The Rise
The dry cargo freight market was enlivened by a higher degree of Panamax activity in most areas, while Capesize conditions remained subdued with little fresh business quoted and few fixtures reported, brokers said. On May 9, the Baltic Dry Index gained 2 points from the day before to 1,609, the Baltic Panamax Index rose 11 to 1,512 and the Baltic Handy Index gained one to 1,153, while the Baltic Capesize Index fell six to 2,171. In the grain sector, higher rates were fixed from the Atlantic to the Far East, brokers said. Although brokers were disappointed at the level obtained by the 1999-built Red Cherry 73,350 dwt from Hanjin delivery U.S. Gulf end May trip Far East at $11,200 daily plus a $230,000 ballast bonus, other fixtures were concluded at more generous levels.
Krill Systems Expands in the Far East
Despite plummeting global fuel-prices, raising inevitable questions about their impact on the fuel conservation sector of the market, Krill Systems has reported strong booth traffic and interest in its products and services at the recent Work Boat Show in New Orleans. The company believes that this seems to indicate is that demand for fuel management strategies continues throughout the global oil and gas sector, even in the present pricing environment. Krill announced expansion…
Rosneft May Build LNG Plant in Far East on Its Own
Russian energy giant Rosneft may build a liquefied natural gas (LNG) plant in the far east using exclusively its own resources and gas reserves, Rosneft vice president Vlada Rusakova said on Thursday. Rosneft and U.S. energy firm Exxon earlier announced plans to build an LNG plant in Russia's far east together. Rusakova said Rosneft's base scenario for monetising its gas reserves and those of its partners in the Sakhalin-1 project remained building an LNG plant together with Exxon. (Reporting by Katya Golubkova and Olesya Astakhova; Writing by Alexander Winning; Editing by Elaine Hardcastle)
Russian Navy Development in Arctic, Far East, Authorized
Russian President Vladimir Putin ordered the government to ensure the development of the Navy, first of all, in the Far East and Arctic zones, the Kremlin press service reported. He also ordered providing the Armed Forces with modern weaponry systems, increasing their share to 70 percent by 2020. Putin, who was sworn in as Russian president recently, also instructed the government to draft proposals on creating federal executive agencies, which will be responsible for the placement and implementation of state defense orders. The Defense Ministry’s federal service for the defense order and federal agency for defense supplies are currently handling these issues.
Hapag-Lloyd Raises Rates for Far East Services
Hapag-Lloyd is increasing rates for services from the Far East to Northern Europe and the western Mediterranean by $500 per TEU with effect from June 15th 2009. The increase will be $150/TEU in the opposite direction. Rates for services between Asia and the eastern Mediterranean will be raised by $300/TEU as of August 1st. Hapag-Lloyd has also announced a Peak Season Surcharge of $150 per TEU for the period August 1st to October 31st.
GAC Russia Expands Eastwards
GAC Russia said it is expanding eastwards with the opening of new branches at Nakhodka and Yuzhno-Sakhalinsk to meet demand for shipping services as opportunities open up in Far East. According to GAC Russia, this means it is the only ship agent with a presence throughout the interconnected Arctic region and Far East: at Murmansk, Kandalaksha, Sabetta, and now Nakhodka and the capital of the Sakhalin region, Yuzhno-Sakhalinsk. Arkady Podkopaev, GAC Russia’s General Manager, said, “GAC has been active in Russia since 2001 and has built a strong network of offices in the European part of the country. As the Russian Federation focuses on developing political and economic relations with the Asia-Pacific region, the country’s Far East has moved to the top of the agenda.
NSSLGlobal Adds New Satellite Beams
The additional beams will improve NSSLGlobal’s coverage of Europe and the Far East. NSSLGlobal, an independent service provider of satellite communications, has added two new satellite beams to improve the quality and geographical reach of its global VSAT network. The additional beams will provide customers in the Nordics, Europe, North Africa, the Middle East and Far East with better coverage at sea and on land. The Telenor Thor 6 Nordic beam, positioned 1° West, is a new addition…
Wang: Container Market Strength to Continue
Arnold Wang, Chairman of Evergreen Marine Corporation, addressed delegates at the World Shipping Summit (China) 2007 on "Growing Demand as Indicated by the Shipbuilding Orderbook. Speaking at the World Shipping Summit (China) 2007 on November 2 in Tianjin, Arnold Wang, Chairman of Evergreen Marine Corporation, addressed the audience on the subject “Growing Demand as Indicated by the Shipbuilding Orderbook”. “In 2006, container throughput in all Chinese ports reached 80 million TEU, or around one-fifth of the global volume. For cargoes from Asia to Europe and North America, China’s exports have accounted for more than half of market volumes. In 2006 China gained a market share of 65% in the Trans-Pacific eastbound trade, 71% with the inclusion of Hong Kong.
Panamax Trades Steady
Freight rates for Panamaxes trading the Atlantic appear to be steadying, Reuters reported. The more stable tone began at the end of last week, as renewed optimism crept into the U.S. Gulf market for nearby positions. By Monday, while the Atlantic routes on the Baltic Panamax Index were lower, losses were greatly reduced. Meanwhile, Pacific Panamax freight rates remained firm, and levels in the Far East sector continued to rise. Looking ahead, with the Lunar New Year fast approaching any major change in trend is unlikely over the coming week. This quashed any high expectations for an Atlantic Panamax rally, they said. Any positive movement is forecast to be steady - at least until after the Far East holiday.
Second Direct Far East Carrier Calls at Port Everglades
China Shipping’s Xin Chong Quing is now the second carrier from the Far East to call at Port Everglades regularly. China Shipping Container Lines (CSCL), part of the PEXS vessel-sharing consortium, is the second carrier from the Far East to make Broward County’s Port Everglades part of its regular service. PEXS, which includes CSCL, CMA CGM and P&O Nedlloyd is calling on the Port's second multi-user container terminal operator, which is operated by APM Terminals. This month, as part of the PEX service…
Russia's Pacific Coast to Become Free Port
Pacific city of Vladivostok has been chosen to become Russia’s first ‘free port’ in move that could boost trade and bolster the economy in the far east of the country. Russian president Vladimir Putin announced the Pacific port would benefit from the new status by July and it would boost the economy of the Primorsky Territory in the country’s Far East. Draft Law “On Free Port Vladivostok” was presented by Pavel Volkov, Counselor of the Minister for the Development of the Russian Far East.
Maersk Line Sees Little Impact on Customers' Cargo from Hanjin Collapse
Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. * Maersk Line expects minimal impact on its customers' cargo. * Maersk Line on Aug. 30 instructed its global operations centres to not load any cargo onto Hanjin owned vessels. * Says customers have cargo on board two of Hanjin's operated vessels, Maersk Sebarok and Maersk Senang, sailing on the Chennai Express service between Far East Asia and South East India. * Says vessels Hanjin New Jersey…
Maersk Reroutes Asia - US Service Via Panama
Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast. From the Far East to the US East Coast the TP12 service will transit the new Panama Canal locks and call the ports of Newark, Norfolk and Baltimore on the US East Coast. On the return leg to Asia, the TP12 will go through the Suez Canal and call the ports of Salalah (Oman), Colombo (Sri Lanka) and Singapore.
Largest Vessel to Call ICTSI, Rijeka
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently serviced the largest vessel to call in the country, the 10,000 TEU-capacity Gerda Maersk. The 367-meter Gerda Maersk, is part of the 2M Alliance by two of the world’s megaliners Maersk and Mediterranean Shipping Co. The alliance, which connects Rijeka and the Far East, deploys 15 vessels with average capacities of 9,600 to 11,300 TEUs.