Far East News

15 Jan 2019

Taiwan's Evergreen Opens Four New Offices in Latin America

File Image: Evergreen Marine Corp

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

15 Jan 2019

Weak Freight Markets Hobble Sovcomflot IPO

(Photo: Sovcomflot)

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO).The Russian government has weighed a listing of Sovcomflot for years as part of broader privatization plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO.The Russian economy ministry has said it had hoped to raise…

15 Jan 2019

Shipbuilding: Synergy's New 20,000+ TEU Containership

Captain Rajesh Unni (Photo: Synergy Group)

Synergy Group took delivery of Ever Gifted, an Ultra Large Container Vessel (ULCV) newbuilding built in Japan at Imabari Shipbuilding.Currently under Synergy’s technical management on Evergreen Line’s popular Far East-North Europe and Mediterranean service, the 20,000+ TEU capacity ULCV is one of the largest container ships in service worldwide.Captain Rajesh Unni, CEO and Founder of Singapore-headquartered Synergy Group said: “The Ever Gifted is one of the highest capacity container ships currently in service.

14 Jan 2019

BIMCO: US Box Imports Break Records Despite Uncertainty Ahead

Peter Sand, BIMCO’s Chief Shipping Analyst

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers were experienced on both coasts in October with the USWC at 1.09 million TEU and the USEC at 0.91 million TEU according to BIMCO’s own data.The first two months of 2018 saw the USWC coast’s laden imports increase 11.7% from the start of 2017, with the accumulated growth rate then stabilising to around 4% for the rest of the year.

14 Jan 2019

Seacor Marine Acquires Three Fast Support Vessels

Pic: Seacor Marine

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.

21 Dec 2018

ABP Bags Maersk Trade Deal

Image:  Associated British Ports

As agreement between Associated British Ports (ABP) container terminal located in Hull and Maersk, the world’s largest container shipping line,  to open a trading link between the north of England and the Far East.The service begins in the New Year into the 21-acre container terminal in Hull which has seen significant recent investment by ABP. The weekly feeder vessels will see ABP handle around 240 boxes per week, equivalent to 12,000 containers per year.“Unlocking this new trade gateway to the rest of the world is not only significant for the local economy…

18 Dec 2018

THE Alliance to Operate 249 Ships in 2019

THE Alliance partner Ocean Network Express(ONE)

THE Alliance members Hapag-Lloyd, Ocean Network Express(ONE) and Yang Ming have published details of a rationalised revamped network for east-west trades effective from next year.The forthcoming THE Alliance products of 29 services will cover 76 ports in Asia, Europe including Mediterranean, North and Central America, the Middle East, Red Sea and Indian Subcontinent, said a joint press release.Deployment of over 249 efficient container ships with expanded capacity, offering improved service coverage…

17 Dec 2018

Carnival to Launch Four Ships in 2019

Carnival Panorama (Photo: Carnival)

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

12 Dec 2018

Nitin Gadkari Flags Off First Container Vessel at Tuticorin

Nitin Gadkari. Photo: PIB

Indian Shipping Minister Nitin Gadkari Wednesday flagged off the maiden container mainline vessel at VoC Port (Tuticorin Port), opening direct shipping route to eastern countries.Calling the step a "gamechanger in container traffic of South India", Gadkari said that Tuticorin has the potential to become a "major industrial hub".At present containers from Tuticorin to Far East countries viz Malaysia, Singapore, China and Hong Kong are transited by the feeder vessels to Colombo where they are further connected to the mother vessel .With Mainline call being done directly at Tuticorin…

11 Dec 2018

APL, Cheng Lie Navigation to Merge Intra-Asia Service

Image: Cheng Lie Navigation

The container transportation and shipping company American President Lines Ltd (APL) announced the proposed acquisition of the book of business of its sister company Cheng Lie Navigation (CNC), Taiwan's Intra-Asia carrier.With this, APL will consolidate all its Intra-Asia business under the CNC brand to be operated from Singapore, retaining both sales networks and all sales channels.“This strategic move will enable us to become the Intra-Asia Champion with the most comprehensive market connectivity in the Far East.

02 Dec 2018

Russia's Rosneft Signs Oil and Gas Deal with China

Pic: Rosneft

Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil. That amount is equivalent to 6% of Rosneft's total exports to China in 2017.Crude oil from Eastern Siberia will be transported to a Russian Far East port by pipeline and will reach China via Russia’s Pacific port of Kozmino.The deal allows for increasing crude oil supplies to China’s market, which is a strategic one for Rosneft, the Russian…

28 Nov 2018

Xeneta Launches Monthly Container Shipping Index

Pic: Xeneta

Ocean freight rate benchmarking platform Xeneta unveiled public indices delivering monthly insights on long-term ocean freight rate development.Oslo-based ocean freight rate benchmarking and market intelligence company  is utilizing its database of over 85 million contracted freight rates to deliver a unique monthly snapshot of long-term rate developments in the container industry.The new Xeneta Shipping Index (XSI) Public Indices report, launching today, provides a detailed overview of the busiest global trade corridors…

16 Nov 2018

ONE Delivers 14,000-TEU Containership

Photo courtesy of ONE

Ocean Network Express Pte. Ltd. (“ONE”) is has announced that ONE Columbia, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s 4th newly built 14,000TEU magenta containership delivered this year, after ONE Stork (delivery date on 12th June 2018), ONE Minato (26th July 2018), and ONE Aquila (7th September 2018). Currently, 3 more vessels in ONE’s order book are in the construction process and expected delivery is in 2019.ONE Columbia…

12 Oct 2018

MSC Adds New Rail Service in Spain

Pic: MSC Mediterranean Shipping Company,

MSC Mediterranean Shipping Company is launching a new rail service to bring agricultural cargoes from Spain closer to the international markets.The transportation and logistics company said that the new service runs will improve links between Seville and Cordoba (Spain) and destinations in the Mediterranean, the Middle East and the Far East, beginning in October 2018. It is expected to run at least twice a week from both Seville’s inland maritime port – Puerto de Sevilla – and Cordoba’s cargo rail terminal and the port of Valencia…

26 Oct 2018

Wärtsilä Designs Unique Factory Trawler

The specially designed unique bow design of the trawler enhances efficiency. The 121 meters long factory trawler will also be capable of processing fish from other vessels. (Image: Wärtsilä)

Wärtsilä has been contracted to provide the ship design for a state-of-the-art factory fishing trawler. The vessel will be unique in having the combined capabilities of twin trawling for many different fish species, having both conventional winching as well as pumping systems for bringing the catch onboard, and being able to process fish from other vessels. The ship is to be built in Kaliningrad at the Yantar shipyard for RK named after V.I. Lenin (RK Lenina), the owner. The order…

30 Sep 2018

Tim Kelly is the New CEO of Adriatic LNG

Tim Kelly. Photo: Adriatic LNG

Tim Kelly has replaced Suresh Jagadesan as the Managing Director of Adriatic LNG, which operates the regasification terminal located offshore from the Veneto coast.Before joining Adriatic LNG, Tim worked as the Marine Operations Manager at ExxonMobil’s gas liquefaction plant in Papua New Guinea.Tim has almost 40 years’ experience in the marine and Oil&gas sectors, starting his career in the Merchant navy. After joining ExxonMobil, he held positions of increasing responsibility…

13 Sep 2018

CMA CGM Celebrates 40 Years of Entrepreneurialship

Photo by CMA CGM

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.

19 Sep 2018

British International Freight Association Fumes Over Sulphur Surcharge

Robert Keen. Photo: Official Twitter page

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering.It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020.According to the shipowner…

25 Sep 2018

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.

17 Sep 2018

HHLA Transports Ship Propeller for Hyundai Supreme

Floating crane “HHLA IV” loads worlds’s biggest ship propeller onto a vessel. Photo: HHLA / Dietmar Hasenpusch

Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to have ever been lifted by the hook of a HHLA floating crane. Although HHLA regularly loads the specialised products of Mecklenburger Metallguss GmbH (MMG) onto ships in Hamburg, the latest propeller…

26 Sep 2018

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.

05 Oct 2018

European Shippers Call for Action Against Unfair Trade

Pic: SEA Europe

European Shipowners and Maritime Technology Industry call for decisive actions against unfair trade practices and in favour of global playing field.The European Shipyards and Maritime Equipment Association SEA Europe and the European Community Shipowners’ Associations (ECSA) welcome the recent statement of EU Trade Commission Cecilia Malmström against unfair trade practices in the Far East.The trade associations representing respectively European shipbuilding and maritime equipment…

06 Nov 2018

Pirate Attack Thwarted West of Yemen

Photo: Stena Bulk

On November 3 the Stena Imperial reported a suspected pirate approach while on northbound passage through the Red Sea west of Yemen on her way from Far East to Rotterdam for discharge.Two suspicious skiffs were found approaching Stena Imperial from the port side at a distance of 1.5 nautical miles. The alarm was raised and the Master and the on board security team mustered on the bridge. Hand flares were fired towards the skiffs as warning shot as they were continuously approaching towards the vessel.

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

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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